4. Explanatory notes to the statement of profit or loss
in PLN millions, unless otherwise stated
Note 4.1 Expenses by nature
Note | 2017 | 2016 | |
---|---|---|---|
9.3 | Depreciation of property, plant and equipment and amortisation of intangible assets | 1 684 | 1 718 |
11.1 | Employee benefits expenses | 4 956 | 4 672 |
Materials and energy | 7 460 | 7 035 | |
External services | 2 156 | 2 192 | |
5.2 | Minerals extraction tax | 1 765 | 1 338 |
Other taxes and charges | 506 | 499 | |
Reversal of impairment losses on property, plant and equipment and intangible assets | (344) | (2) | |
Advertising costs and representation expenses | 57 | 61 | |
Property and personal insurance | 34 | 30 | |
4.4 | Impairment losses on non-current and intangible assets | 92 | 269 |
Other costs | 157 | 185 | |
Total expenses by nature | 18 523 | 17 997 | |
Cost of merchandise and materials sold (+) | 571 | 436 | |
Change in inventories of finished goods and work in progress (+/-) | (1 079) | ( 225) | |
Cost of manufacturing products for internal use of the Group (-) (mainly stripping costs of surface mines) | (1 468) | (1 596) | |
Costs of sales, selling costs and administrative expenses, including: | 16 547 | 16 612 | |
Cost of sales | 15 204 | 15 242 | |
Selling costs | 371 | 410 | |
Administrative expenses | 972 | 960 |
Note 4.2 Other operating income and (costs)
Note | | 2017 | 2016 |
---|---|---|---|
7.1 | Measurement and realisation of derivatives | 231 | 167 |
7.1 | Foreign exchange gains on assets and liabilities other than borrowings | - | 511 |
Write-off of the not yet due tax liability | - | 185 | |
Release of unused provisions | 132 | 43 | |
Other | 199 | 169 | |
Total other operating income | 562 | 1 075 | |
7.1 | Measurement and realisation of derivatives | (492) | ( 371) |
7.1 | Exchange differences on assets and liabilities other than borrowings | (1 466) | - |
4.4 | Impairment loss on available-for-sale assets | - | ( 57) |
4.4 | Impairment loss on fixed assets under construction and intangible assets not yet available for use | ( 773) | (1 209) |
Other | (208) | ( 240) | |
Total other operating costs | (2 939) | (1 877) | |
Other operating income and (costs) | (2 377) | ( 802) |
Note 4.3 Finance income and (costs)
Note | | 2017 | 2016 |
---|---|---|---|
7.1 | Exchange differences on borrowings | 1 251 | - |
7.1 | Measurement of derivatives | - | 26 |
Total income | 1 251 | 26 | |
| |||
7.1 | Interest on borrowings | (96) | ( 85) |
Bank fees and charges on borrowings | (44) | ( 61) | |
7.1 | Measurement of derivatives | (30) | ( 9) |
7.1 | Exchange differences on borrowings | - | (401) |
Unwinding of the discount effect | (50) | ( 46) | |
Other | ( 11) | ( 6) | |
Total costs | (231) | ( 608) | |
| |||
Finance income and (costs) | (1 020) | ( 582) |
Note 4.4 Recognition/ reversal of impairment losses on assets recognised in the statement of profit or loss
Note | 2017 | 2016 | |
---|---|---|---|
Impairment losses on assets recognised in: | |||
cost of sales, of which: | 150 | 357 | |
impairment loss on property, plant and equipment and intangible assets | 92 | 269 | |
write-down of inventories | 37 | 83 | |
allowance for impairment of trade receivables | 21 | 5 | |
6.2 | allowance for impairment of loans granted to joint ventures | - | 4 394 |
other operating costs, of which: | 798 | 1 271 | |
impairment losses on available-for-sale financial assets | - | 57 | |
impairment losses on fixed assets under construction and intangible assets not yet available for use | 773 | 1 209 | |
allowance for impairment of loans | 23 | - | |
allowance for impairment of other receivables | 2 | 5 | |
Impairment losses, total | 948 | 6 022 | |
Reversal of impairment losses on assets, recognised in: | |||
cost of sales, of which: | 351 | 11 | |
impairment loss on property, plant and equipment and intangible assets | 344 | 2 | |
write-down of inventories | 5 | 7 | |
allowance for impairment of trade receivables | 2 | 2 | |
other operating income, of which: | 44 | 3 | |
impairment losses on fixed assets under construction and intangible assets not yet available for use | 41 | - | |
impairment losses on available-for-sale financial assets | - | 1 | |
allowance for impairment of other receivables | 3 | 2 | |
Reversal of impairment losses, total | 395 | 14 |