The group has interest in the following joint ventures: Elektrociepłownia Stalowa Wola S.A. and the TAMEH HOLDING Sp. z o.o. capital group, which are further described in Note 26 to these consolidated financial statements.
The total value of transactions with jointly-controlled entities is presented in the table below.
| Year ended 31 December 2020 |
Year ended 31 December 2019 |
|
|---|---|---|
| Revenue | 295,641 | 123,504 |
| Costs | (117,555) | (63,354) |
The main item of settlements with jointly-controlled entities are the loans granted to Elektrociepłownia Stalowa Wola S.A., which is discussed in more detail in Note 27 to these consolidated financial statements.
The Company provided collateral to joint ventures in the form of pledges on shares in TAMEH HOLDING Sp. z o.o. and a bank guarantee commissioned by the Company to secure loan liabilities of Elektrociepłownia Stalowa Wola S.A., as described in detail in Note 55 hereto.