28. Related party transactions

Trade transactions with subordinated entities

Trade transactions

OTHER TRANSACTIONS

Wynagrodzenia członków Zarządu Jednostki Dominującej z tytułu i za okres pełnienia funkcji w Grupie Kapitałowej

Wynagrodzenia członków Rady Nadzorczej Jednostki Dominującej z tytułu i za okres pełnienia funkcji w Grupie Kapitałowej

Wynagrodzenia członków Zarządów spółek wiodących Grupy Azoty (bez Jednostki Dominującej)

Bonuses for the Management Board members

In accordance with the resolution of the Supervisory Board dated 20 October 2011 on remuneration rules and amounts for members of the Management Board of the Parent Company, the members of the Management Board may receive the so-called “profit-based variable part of remuneration” (annual bonus) or a “special bonus”.

Annual bonus is calculated individually for each Member of the Management Board, based on the evaluation of realisation of performance targets.

The Supervisory Board may grant a special bonus, notwithstanding the criteria presented in the annual bonus regulations, based on the detailed analysis of realization of performance targets realization.

The regulations concerning the annual bonus for Management Board were approved by the Supervisory Board on 13 February 2014.

Loans

In 2014 and 2013, the Group did not grant any loans to the members of the Management or the Supervisory Board.

Transactions with owners

In 2014, the Group did not conclude transactions with owners. In 2013, the Parent Company acquired from the State Treasury 9 686 248 shares of Grupa Azoty PUŁAWY, representing 50,67% of that company’s share capital, for 24 215 620 of series D shares and acquired 4 675 000 shares, representing 85% of share capital of Grupa Azoty Kopalnie i Zakłady Chemiczne Siarki „Siarkopol” S.A., for PLN 320 004 thousand.

Transactions with the State Treasury related entities

Stan na dzień 31 grudnia 2014 roku

Stan na dzień 31 grudnia 2013 roku