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 | 1 072 | 993 |
11.1 | Employee benefits expenses | 3 210 | 3 023 |
Materials and energy, including: | 5 831 | 5 482 | |
Purchased metal-bearing materials | 3 750 | 3 469 | |
Electrical and other energy | 775 | 745 | |
External services, including: | 1 531 | 1 392 | |
Transport | 215 | 228 | |
Repairs, maintenance and servicing | 446 | 392 | |
Mine preparatory work | 437 | 367 | |
5.2 | Minerals extraction tax | 1 765 | 1 338 |
5.2 | Other taxes and charges | 389 | 387 |
Advertising costs and representation expenses | 37 | 37 | |
Property and personal insurance | 21 | 19 | |
Other costs | 68 | 105 | |
Total expenses by nature | 13 924 | 12 776 | |
Cost of merchandise and materials sold (+) | 182 | 145 | |
Change in inventories of finished goods and work in progress (+/-) | (1 097) | ( 256) | |
Cost of manufacturing products for internal use (-) | ( 110) | ( 118) | |
Cost of sales, selling costs and administrative expenses, including: | 12 899 | 12 517 | |
Cost of sales | 12 022 | 11 603 | |
Selling costs | 112 | 126 | |
Administrative expenses | 765 | 761 |
Note 4.2. Other operating income/(costs)
Note | 2017 | 2016 | |
---|---|---|---|
7.2 | Measurement and realisation of derivatives | 226 | 167 |
Foreign exchange gains on assets and liabilities other than borrowings | - | 482 | |
Interest on loans granted | 300 | 376 | |
Fees and charges on re-invoicing of bank guarantees costs securing payments of liabilities | 51 | 41 | |
Other | 103 | 79 | |
Total other operating income | 680 | 1 145 | |
7.2 | Measurement and realisation of derivatives | (439) | ( 243) |
7.3 | Impairment loss on available-for-sale assets | - | ( 57) |
Part 3 Note 6.1 | Impairment loss on shares in subsidiaries | (330) | (4 856) |
Part 3 Note 6.2 | Allowance for impairment of loans granted to subsidiaries | (606) | (1 130) |
Część 3 | Impairment loss on exploration and evaluation assets | - | ( 136) |
Other | ( 130) | ( 152) | |
Total other operating costs | (2 684) | (6 574) | |
Other operating income/(costs) | (2 004) | (5 429) |
Note 4.3. Finance income/(costs)
Note | 2017 | 2065 | |
---|---|---|---|
Exchange differences on borrowings | 1 247 | - | |
7.2 | Measurement of derivatives | - | 26 |
Total income | 1 247 | 26 | |
Interest on borrowings | (113) | ( 76) | |
Bank fees and charges on borrowings | (28) | ( 45) | |
Foreign exchange losses on borrowings | - | ( 398) | |
Unwinding of the discount | (43) | ( 39) | |
7.2 | Measurement and realisation of derivatives | ( 30) | ( 9) |
Total costs | ( 567) | ( 159) | |
Finance income/(costs) | ( 1 033) | ( 541) |
Note 4.4 Recognition / reversal of impairment losses on assets recognised in the statement of profit or loss
| 2017 | 2016 |
---|---|---|
Impairment losses on assets recognised in: | ||
cost of sales, of which: | 25 | 59 |
allowance for impairment of trade receivables | 1 | - |
Write-down of inventories | 24 | 59 |
in other operating costs, of which: | 941 | 6 197 |
Impairment losses on fixed assets under construction and intangible assets not yet available for use | 4 | 154 |
Impairment losses on available-for-sale financial assets | - | 57 |
Impairment losses on investments in subsidiaries | 330 | 4 856 |
allowance for impairment of loans granted | 606 | 1 130 |
allowance for impairment of other financial receivables | 1 | - |
Impairment losses, total | 966 | 6 256 |
| | |
Reversal of impairment losses on assets, recognised in: | ||
cost of sales, of which: | - | 3 |
write-down of inventories | - | 3 |
Other operating income, of which: | 2 | 2 |
allowance for impairment of other receivables | 2 | 2 |
Reversal of impairment losses, total | 2 | 5 |