Ekolamp - Annual report

Annual Report 2014

3. Related Parties Information

a) Accounting Units in which the Company Performs Dominant or Significant Influence:

The Company did not perform dominant or significant influence in any accounting units.

b) Trade Receivables and Payables:

The following inter-company balances are included in the trade receivables and payables described in note 5.5 below:

Company

Receivables as at 31 Dec.

Payables as at 31 Dec.

2014

2013

2014

2013

GE Hungary Kft.

0

0

0

0

OSRAM Česká republika s.r.o.

2 149

4 514

0

0

Philips Česká republika s.r.o.

2 614

5 790

0

0

NBB Bohemia s.r.o. *

0

0

0

23

Total

4 763

10 304

0

23

* Although the company NBB Bohemia s.r.o. is not a partner of the managed entity, it is owned by the same owner as NARVA B.E.L./ČR, which was the partner of the company EKOLAMP s.r.o. till 30 September 2013 and the object of business is the same as that of the company and its members. For this reason, the chart shows also the relationships as at 31 December 2013.

c) Long-term payables:

The company does not have any long-term payables in current and previous accounting period.

d) Long-term receivables:

The company does not have any long-term receivables in current and previous accounting period.

e) Sales and Purchases:

With regard to maintaining a commercial confidentiality of the company members, the costs and revenues are not disclosed individually for each party. Otherwise, it would easily allow calculating their market shares.

The total expenses with the related parties for the current accounting period amounted to TCZK 0 (year 2013 TCZK 23) and total revenues amounted to TCZK 24 297 (year 2013 TCZK 47 382).

f) Controlling Agreements and Agreements on Profit Transfer:

For the year 2014, no controlling agreements or agreements on profit transfer were concluded. As part of the annual report, the Related Party Report between the managing entities: GE Hungary Kft., OSRAM Česká republika s.r.o., Philips Česká republika s.r.o. and NARVA B.E.L./ČR s.r.o. and their managed entity: EKOLAMP s.r.o will not be published because none of the managing entities can control the managed entity on its own. The managing entities do not act in concert.

g) Information on consolidated group and consolidated financial statements:

The company is an accounting unit forming an integral part of consolidated group of the consolidated accounting units of OSRAM Česká republika s.r.o., Phillips Česká republika s.r.o. and GE Hungary Kft.

As the requirements stipulated by the Accounting Act have not been met, EKOLAMP s.r.o. is not obliged to draw up its consolidated financial statements on the Czech level.

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