138
Out of the above mentioned parent company guarantees:
• € 606, 1 mio are parent company guarantees for bank loans of the Group’s subsidiaries and
• € 721,37 mio are parent company guarantees on behalf of customers and suppliers of the Group’s
subsidiaries.
It is noted that the above amount of guarantees issued by the parent on behalf of customers and suppliers of
its subsidiaries, refers to the maximum amount of the guarantee and the respective risk undertaken by the
parent regardless of the probability of realization of said risk.
The parent company assesses the price that shall be invoiced to its subsidiaries for guarantees issued by the
parent on behalf of them based on generally accepted pricing methods. In cases where such pricing exceeds
the amount of the already agreed and charged management fees, there will be an incremental charge to cover
the difference. Specifically for the year 2013, up to the date of the financial statements, the procedures relating
to the pricing of above mentioned parent company guarantees have not been yet concluded. Therefore, it is
noted that upon the completion of said procedures, any difference referring to the year 2013 will be counted in
the results of the subsidiaries for the year 2014.
The above mentioned related party transactions are on a pure commercial basis. The Group or any of its
related parties has not entered in any transactions that were not in an arm’s length basis, and do not intent to
participate in such transactions in the future. No transaction from the above mentioned was under any special
terms.
No loans have been given to members of the Board of Directors or other management members of the Group
(and their families).
6.38 Post Balance Sheet events
On 25/2/2014, the Ministry of Environment, Energy and Climate Change announced the agreement between
DEPA and Gazprom for the retroactive price discount for gas supplied by the latter, a discount that will be
passed to consumers.
Said discount, according to the announcement, amounts to 15% over current prices and has a retrospective
