As at the date of approval of these consolidated financial statements, the Group is in the process of analysing the potential effects of Coronavirus COVID-19. The Group has implemented appropriate internal procedures to ensure continuity of operating activities. Currently, the Group observes a decrease in global demand for crude oil, including a decrease in demand for jet fuel, diesel oil and gasoline. The Group also expects a slowdown in the global economy and monitors the situation on the financial markets on an ongoing basis, including the quotations on the WSE. The Group is in the process of estimating the qualitative and quantitative impact of a pandemic on the financial position and future financial results of the Group and plans to complete this analysis before publishing the interim data for the first quarter of 2020.
After the end of the reporting period, no other events occurred than disclosed in this consolidated financial statements, which would require recognition or disclosure.
This consolidated financial statements were approved by the Management Board of the Parent Company on 18 March 2020.
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Daniel Obajtek
President of the Board
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Armen Artwich
Member of the Board
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Adam Burak
Member of the Board
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Patrycja Klarecka
Member of the Board
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Zbigniew Leszczyński
Member of the Board
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Michał Róg
Member of the Board
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Jan Szewczak
Member of the Board
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Józef Węgrecki
Member of the Board