Ekolamp - Annual report

Annual Report 2015

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.

2015

2014

2015

2014

GE Hungary Kft.

0

0

0

0

OSRAM Česká republika s.r.o.

1 842

2 149

0

0

Philips Česká republika s.r.o.

2 183

2 614

0

0

OSRAM GmbH

0

0

0

0

Philips Lighting Holding B.V. 0 0 0 0

Total

4 025

4 763

0

0

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 145 (year 2014 TCZK 0) and total revenues amounted to TCZK 23 717 (year 2014 TCZK 24 297).

f) Controlling Agreements and Agreements on Profit Transfer:

For the year 2014 and for the year 2015, 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Hungary Kft., OSRAM Česká republika s.r.o., Philips Česká republika s.r.o. and their managed entity: EKOLAMP s.r.o will not be published because none of the managing entities can control the managed entity on its own.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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