5.8 RELATED-PARTY TRANSACTIONS
In addition to the controlling company, the Pošta Slovenije Group comprised six subsidiaries and one associate as at 31 December 2020.
Related-party transactions were executed under the same conditions that apply to arm’s length transactions.
Balance of receivables and liabilities of Group companies and associated company
In EUR
31. 12. 2020
31. 12. 2019
Current operating receivables
Subsidiaries
1,541,062
1,333,517
Associate
11,501
13,245
Current financial receivables
Subsidiaries
300,000
-
Non-current operating liabilities
Subsidiaries
725,768
781,015
Current operating liabilities
Subsidiaries
2,568,668
2,524,106
Associate
18,352
12,322
Non-current financial liabilities
Subsidiaries
204,038
267,610
Current financial liabilities
Subsidiaries
292,778
85,728
Revenues and expenses of Group companies and associated company
In EUR
2020
2019
Sales revenue
Subsidiaries
9,443,713
9,843,326
Associate
224,454
275,738
Historical cost of goods sold
Subsidiaries
16,946
55,592
Costs of materials
Subsidiaries
74,280
17,494
Costs of services
Subsidiaries
8,807,076
8,856,561
Other costs
Subsidiaries
825,045
50,922
Finance income from participating interests
Subsidiaries
3,388,578
31,460
Associate
552,648
610,342
Finance income from interest and other finance income
Subsidiaries
268,924
3,433
Interest expenses and other finance costs
Subsidiaries
14,465
1,158
Compensation for damage caused to subsidiaries IPPS and PS Logistika is disclosed in Note 35.