Catom Annual Report 2022 EN

Financial risk recognition, risk appetite and risk control

Retail Retail again experienced significant

developments in 2022. The expansion of the number of OK stations continued, thanks to, inter alia, the acquisition of a number of petrol stations and the renova tion and rebranding of a number of stations acquired earlier. Following on from this, successful building work on the internal organisation is ongoing in order to control the constantly growing Retail operation from the head office. On balance, the volume of motor fuels sold by our retail operation increased by 31.8%. Shop sales increased by 14%. Research During the financial year no research and development work was done that was included in the balance sheet.

In the performance of its business activities, Catom is exposed to various types of operational and non-operational financial risks. The risk appetite is limited, and mitigating measures have been drawn up. The risk appetite is evaluated periodically by the Executive Board and management, and if necessary adjusted; actual indicators play a key role here. This section describes the main financial risks. The chances are categorised as very unlikely, unlikely, possible, likely and very likely. The impact is categorised as minimal, moderate, serious, substantial and very substantial. Credit risks One of the main risks is the bad-debt risk related to customers. The level of this risk is largely determined by the prices of motor fuels and the related indirect taxes and tariffs, combined with the applied payment periods. This risk is mitigated as much as possible by means of a strict debtor policy.

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