PKN ORLEN has received the main prize in the Enterprises category of “The Best Annual Report 2011” contest. The statuette was collected by Sławomir Jędrzejczyk, Vice-President of the PKN ORLEN Management Board and CFO, during the Final Gala held at the Warsaw Stock Exchange.
The experts assessing the reports recognised the financial statements prepared and published by the Company as the best on the market.
“The award marks several years of our efforts and reflects the importance we attach to communication with investors, supported by the excellent quality of released publications and Internet solutions,” said Sławomir Jędrzejczyk, Vice-President and CFO, when collecting the award.
Michał Piechocki, Chair of the Evaluation Team, believes that PKN ORLEN – last year’s winner in “The Best Annual Report on the Internet” category – also this year deserves recognition for the electronic version of its financial statements and the invariably high quality of the website presenting the Company’s performance.
The award ceremony commenced with speeches delivered by Małgorzata Gula, President of the Board at the Institute for Accountancy and Taxes, prof. Waldemar Frąckowiak, President of the Judging Panel, and Jacek Socha, Vice-President of PwC Polska.
The key message was to emphasise the importance of well-prepared reports for the capital market relations. The President of the Judging Panel cited “credibility, transparency and reliability of a report” as values of particular importance amid current challenging conditions. Given the effort made to prepare the report, each participant of the competition can feel to be a winner.
“The Best Annual Report 2011” title is a token of recognition for the best-quality annual reports prepared in accordance with the International Financial Reporting Standards. The competition may be entered only by companies which prepare their consolidated financial statements in compliance with IFRS/IAS. The aim of the contest is to promote those annual reports which are the most useful for shareholders and investors. Participation in this undertaking clearly indicates that a company’s management board pursues a transparent information policy, which is one of the principal added values in the contest. Each company taking part in the competition also receives an evaluation sheet with comments from the judging panel, which enables listed companies to improve their annual reports year by year.
Selected awards and distinctions granted to PKN ORLEN S.A. for its reports:
2011
- Special award for "The Best Annual Report on the Internet";
- Distinction received by the Executive Director for Planning and Reporting for his commitment to the promotion of reliable financial reporting at the PKN ORLEN Group.
2009
- Distinction in the competition for the best CSR report, as assessed by Internet users.
2007
- Third place in “The Best Annual Report 2007” competition, the Enterprises category.
2006
- First place in “The Best Annual Report 2006” competition, the Enterprises category.
2005
- First place in “The Best Annual Report 2005” competition, the Enterprises category.
- First place for “The Most Useful Annual Report”.