12.2.5 Transactions with related parties of members of the Management Board and the Supervisory Board
| 2021 | 2020 | |
|---|---|---|
| Sale | 41.5 | 9.5 |
| Purchases | 23.1 | 92.3 |
| Property compensation received | 3.6 | 2.3 |
| Dec 31 2021 | Dec 31 2020 | |
| Receivables | 14.5 | 4.2 |
| Liabilities | 1.2 | 0.1 |
In 2021, the Group entered into transactions with related parties through members of the Management Board or the Supervisory Board, which mainly involved purchase of third-party liability and property insurance (PLN 14.6m), purchase of natural gas (PLN 6.6m), purchase of chemicals (PLN 1.6m) and sale of fuels (PLN 4.8m).
In 2021, the Parent also signed an agreement with the State Treasury, related to it through members of the Supervisory Board, for reimbursement of cost incurred to build, equip and operate a temporary COVID-19 hospital. Under the agreement, in the reporting period the Company issued invoices for a total amount of PLN 36.4m. As at December 31st 2021, the amount of outstanding receivables under the agreement with the State Treasury was PLN 6.7m (see Note 12.2.1).
The transactions with parties related through members of the Management Board entered into by the Group in 2020 mainly involved purchase of third-party liability and property insurance (PLN 84.5m), purchase of transport services associated with the purchase of personal protective equipment (PLN 6.4m), purchase of chemicals (PLN 1.4m) and sale of fuels (PLN 9.5m).
As at December 31st 2021, the Group had borrowings from banks and financial institutions related to it through a member of the Supervisory Board, for a total amount of PLN 178.6m (December 31st 2020: PLN 659.9m).
All transactions with parties related to the Group through members of the Management Board and the Supervisory Board were executed on an arm’s length basis.