Remuneration

Remuneration information of the 2020 III quarter:

Renumeration information

Remuneration information of the 2020 II quarter:

Remuneration information

Remuneration information of the 2020 I quarter:

Renumeration information 

Donation

GET Baltic did not provide any donations in 2017, 2018 and 2019 years.

Associated parties transactions

As at 31 December 2019 and 2018, the parent company was EPSO-G UAB. The parent country of the latter company was the Republic of Lithuania, represented by the Ministry of Energy of the Republic of Lithuania. For the purposes of related-party disclosures, the Republic of Lithuania does not include central or local authorities. Disclosures include transactions and balances with EPSO-G Group companies, subsidiaries and associate, all state-controlled companies or those under significant influence and management. A list of state-controlled entities or those under significant influence that are subject to disclosure is provided  on the website of The Governance Coordination Centre: https://vkc.sipa.lt/apie-imones/vvi-sarasas/.

Regarding the provisions of the legal acts of the Republic of Lithuania, which stipulate that “offers to buy and / or sell gas on the Exchange are submitted anonymously, i.e. information on other parties to transactions concluded on the Exchange is not provided and cannot be accessed by the participants of the Exchange”, therefore, separate amounts of transactions with related parties are not provided in the explanatory information that would disclose the trading volume of the related parties on the Exchange. The list of the Exchange participants is available  here.

Amounts of the Company’s transactions and amounts of debts with related parties as of 31 December 2019 and 2018*:

2019  Purchases Sales Amounts receivable Amounts payable Loans granted Cost of financial operations
Amber Grid AB 79.163 7.072 354 16 1
EPSO-G UAB 0 180 0
Ignitis grupė UAB group companies 26.045 2.102 1 12.995
Other state-controlled companies 4.7 3 0 1
26.129 9.177 355 13.011 180 1

 

2018 Purchases Sales Amounts receivable Amounts payable Loans granted Cost of financial operations
Amber Grid AB 22 6.998 527 2 150 2
EPSO-G UAB
Ignitis grupė UAB group companies 11.435 6.102 12 724
Other state-controlled companies 0 0
11.457 13.100 539 726 150 2

 

*If a counterparty related to the Company has traded on a Natural Gas Exchange, the amounts provided include not only in intermediation fee, but also the amount of natural gas purchase or sale that the Company collects from the company that purchased the natural gas and pays to the company that sold the natural gas.

Transactions with Amber Grid AB associated parties

GET Baltic in accordance with Republic of Lithuania Law on Companies article 372 announce all transactions concluded by GET Baltic with a party related to Amber Grid AB, which are not concluded on the Natural Gas Exchange for the purchase or sale of natural gas and/or capacity.

Transactions with Amber Grid AB associated parties*

*Please note that the list does not include low value transactions (up to EUR 100) and transactions in accordance with the provisions of the legislation of the Republic of Lithuania with parties that have concluded an agreement with GET Baltic Exchange participant and carry out anonymous trading on the Natural Gas Exchange, including gas exchange transactions and short-term capacity.

Phone: +370 5 236 0000
E-mail: info@getbaltic.com