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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.