Definitions and converters
Definitions
Whenever any of the following acronyms and terms appear in this 2020 Non-Financial Report of PGNiG and the PGNiG Group and nothing to the contrary is stated herein, these acronyms and terms should be interpreted as follows:
| Abbreviations and acronyms |
Meaning |
| Proper names of companies and branches | |
| PGNiG, the Company, the Issuer | PGNiG S.A. as the parent of the group of companies |
| PGNiG Group | the PGNiG Group consisting of PGNiG S.A. as the parent and the subsidiaries |
| CMTL | PGNiG Central Measurement and Testing Laboratory Branch |
| ECSW | Elektrociepłownia Stalowa Wola S.A. |
| EXALO | EXALO Drilling S.A. |
| Gazoprojekt | PGNiG Gazoprojekt S.A. |
| Geofizyka Kraków | GEOFIZYKA Kraków Sp. z o.o. w likwidacji (in liquidation) |
| Geofizyka Toruń | GEOFIZYKA Toruń Sp. z o.o. |
| GEOVITA | GEOVITA S.A. |
| GSP | Gas Storage Poland Sp. z o.o. |
| PGG | Polska Grupa Górnicza Sp. z o.o. |
| PGNiG OD | PGNiG Obrót Detaliczny Sp. z o.o. |
| PGNiG Technologie | PGNiG Technologie Sp. z o.o. |
| PGNiG Termika, Termika | PGNiG TERMIKA S.A. |
| PGNiG Termika EP | PGNiG TERMIKA Energetyka Przemysłowa S.A. |
| PUN | PGNiG Upstream Norway AS |
| PGNiG UNA | PGNiG UPSTREAM NORTH AFRICA B.V. |
| Polski Gaz TUW | Polski Gaz Towarzystwo Ubezpieczeń wzajemnych |
| PSG | Polska Spółka Gazownictwa Sp. z o.o. |
| PST | PGNiG Supply & Trading GmbH |
| PST ES | PST Europe Sales GmbH |
| Names of institutions, capital market entities and energy markets | |
| EEX | European Energy Exchange (an energy exchange in Germany) |
| GASPOOL | GASPOOL Balancing Services GmbH (a hub in Germany) |
| GAZ-SYSTEM | Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A. |
| WSE | Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.) |
| KRS | National Court Register |
| NCG | NetConnect Germany GmbH & Co. KG (a hub in Germany)) |
| NBP | National Balancing Point (a hub in the UK)) |
| LNG terminal | the President Lech Kaczyński LNG Terminal in Świnoujście |
| POLPX | Polish Power Exchange (Towarowa Giełda Energii S.A.) |
| TTF | Title Transfer Facility |
| URE | Polish Energy Regulatory Office |
| Units of measure | |
| bbl | 1 barrel of crude oil |
| boe | barrel of oil equivalent; |
| LNG | liquefied natural gas |
| MWt | 1 megawatt thermal |
| MWe | 1 megawatt electrical |
| NGL | gas composed of molecules heavier than methane: ethane, propane, butane, isobutane, etc. |
| PJ | 1 petajoule |
| TWh | 1 terawatt hour |
| Economic and financial metrics | |
| EBIT | earnings before interest and taxes |
| EBITDA | earnings before interest, taxes, depreciation and amortisation |
| Adjusted EBITDA | EBITDA adjusted for impairment losses on non-current assets |
| EV | enterprise value |
| P/BV | price/book value |
| P/E | price/earnings |
| ROA | return on assets |
| ROE | return on equity |
| Net margin | net profit to revenue |
| Other | |
| HP | heat plant |
| CHPP | CHP plant |
| SFG | Storage Facilities Group |
| SF | storage facilities |
| CGSF | cavern gas storage facility |
| EGM | Extraordinary General Meeting (of a joint stock company) |
| EGM | Extraordinary General Meeting (of a limited liability company) |
| UGSF | underground gas storage facility |
| GM | General Meeting of Shareholders (of a joint stock company) |
| GM | General Meeting of Shareholders (of a limited liability company) |
| Currencies used | |
| PLN | amounts expressed in the Polish zloty |
| euro, EUR | amounts expressed in the euro |
| US dollar, USD | amounts expressed in the US dollar |
| NOK | amounts expressed in the Norwegian crown |
| SEK | amounts expressed in the Swedish crown |
| UAH | amounts expressed in the Ukrainian hryvnia |
| OMR | amounts expressed in the Omani rial |
Converters
| Converters | 1 bcm of natural gas | 1m tonnes of crude oil | 1m tonnes of LNG | 1 PJ | 1 mboe | 1 TWh |
| 1 bcm of natural gas | 1 | 0.90 | 0.73 | 38 | 6.45 | 10.972 |
| 1m tonnes of crude oil | 1.113 | 1 | 0.81 | 42.7 | 7.5 – 7.8* | 11.65 |
| 1m tonnes of LNG | 1.38 | 1.23 | 1 | 55 | 8.68 | 14.34 |
| 1 PJ | 0.026 | 0.23 | 0.019 | 1 | 0.17 | 0.28 |
| 1 mboe | 0.16 | 0.128 – 0.133* | 0.12 | 6.04 | 1 | 1.70 |
| 1 TWh | 0.091 | 0.086 | 0.07 | 3.6 | 0.59 | 1 |
* The converter is different for crude oil produced in Poland and Norway.
