Notes

• CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
• CONSOLIDATED STATEMENT OF FINANCIAL POSITION
• CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
• CONSOLIDATED STATEMENT OF CASH FLOWS
• GENERAL INFORMATION, BASIS FOR PREPARATION OF FINANCIAL STATEMENTS AND OTHER EXPLANATORY INFORMATION
• General information
  • Information about the parent company
  • Information on PGE Group
  • Structure of the PGE Group
  • Accounting for new acquisitions
• Basis for preparation of the financial statements
  • Statement of compliance
  • Presentation and functional currency
  • New standards and interpretations published, not yet effective
  • Professional judgment of management and estimates
• The analysis of impairment of property, plant and equipment, intangible assets and goodwill
  • Analysis of impairment of the power generating assets of Conventional segment
  • Analysis of impairment of the power generating assets of Renewables segment
  • Distribution segment's property, plant and equipment
• Significant accounting principles
  • Consolidation rules
  • Methods applied to convert positions denominated in foreign currencies
  • Operating segments
  • Revenues
  • Cost of goods sold
  • Taxes
  • Earnings per share
  • Property, plant and equipment
  • Intangible assets
  • Borrowing costs
  • impairment-of-non-financial-assets
  • Financial assets
  • Derivatives and hedging instruments
  • Hedge accounting
  • inventories
  • CO2 emission rights for captive use
  • Other assets (including prepayments)
  • Cash and cash equivalents
  • Non-current assets classified as held for sale
  • Equity
  • Provisions
  • Liabilities
  • The Social Fund and Other Special Funds
  • Deferred income and government grants
  • Lease
  • Statement of cash flows
• Changes in accounting principles and data presentation
• EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
• EXPLANATORY NOTES TO OPERATING SEGMENTS
• Information on operating segments
  • Information on business segments
  • Information on geographical areas
• EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
• REVENUES AND EXPENSES
  • Sales revenues
  • Cost by nature and function
    • Depreciation, amortisation, disposal and impairment losses
    • Materials and energy
    • External services
    • Employee benefits expenses and employment structure
  • Other operating income and expenses
  • Financial income and financial expenses
  • Share of profit of associates and entities jointly controlled entities accounted for under the equity method
• Income tax
  • Tax in the statement of comprehensive income
  • Effective tax rate
• EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
• Property, plant and equipment
• Investment properties
• Intangible assets
• Investments in associates and jointly controlled entities accounted for under the equity method
• Deferred tax in the statement of financial position
  • Deferred tax assets
  • Deferred tax liabilities
• Inventories
• CO2 emission rights for captive use
• Other current and non-current assets
  • Other non-current assets
  • Other current assets
• Cash and cash equivalents
• Discontinued operations
• Assets and liabilities of the Social Fund
• Equity
  • Share capital
  • Reserve capital
  • Hedging reserve
  • Foreign exchange differences on translation of foreign entities
  • Retained earnings and limitations on payment of dividend
  • Equity attributable to non-controlling interests
  • Earnings per share
  • Dividends paid and recommended for payment
• Provisions
  • Rehabilitation provision
  • Provision for shortage of CO2 emission allowances
  • Provision for energy origin rights held for redemption
  • Provision for non-contractual use of the property
  • Other provisions
• Employee benefits
  • Post-employment and jubilee awards provision
  • Other provisions for employee benefits
• Deferred income and governments grants
  • Non-current deferred income and government grants
  • Current deferred income and governments grants
• Other non-financial liabilities
• EXPLANATORY NOTES TO FINANCIAL INSTRUMENTS
• Financial Instruments
  • Description of significant items within particular classes of financial instruments
    • Financial receivables
    • Derivates and other receivable measured at fair value through profit or loss
    • Available-for-sale financial assets
    • Loans, borrowings, bonds and lease
    • Trade and other financial liabilities
  • Fair value of financial instruments
  • Fair value hierarchy
  • Statement of comprehensive income
  • Collaterals for repayment of receivables and liabilities
• Objectives and principles of financial risk management
  • Market risk
    • Commodity risk
    • Interest rate risk
    • Currency risk
  • Liquidity risk
  • Credit risk
    • Trade receivables Other loans and financial receivables
    • Deposits, cash and cash equivalents
    • Derivatives
    • Guarantees and sureties issued
  • Market (financial) risk - sensitity analysis
  • Hedge accounting
• Statement of cash flows
  • Cash flows from operating activities
  • Cash flows from investing activities
  • Cash flows from financing activities
• OTHER EXPLANATORY NOTES
• Contingent liabilities and receivables. Legal claims
  • Contingent liabilities
  • Other significant issues related to contingent liabilities
  • Contingent receivables
  • Other legal claims and disputes
• Future investment commitments
• Lease
  • Operating lease liabilities – the Group as a lessee
  • Operating lease receivables – the Group as a lessor
  • Finance lease liabilities and lease contracts with buy option
  • Receivables from finance lease and lease agreement with a purchase option
• Tax settlements
• Information on related parties
  • Associates and jointly controlled entities
  • State Treasury-controlled companies
  • Management remuneration
• Significant events during and after the reporting period
  • Termination of long term contracts
  • Agreement on financial investment in Polska Grupa Górnicza sp. z o.o.
  • Purchase of EDF's assets in Poland
  • Equity investment in Polimex-Mostostal S.A.
  • Events after the reporting period
• Approval of financial statements