54.2. Cash flows from investment activities
Purchase of tangible fixed assets and intangible assets
|
Year ended 31 December 2022 |
Year ended 31 December 2021 |
|
| Purchase of property, plant and equipment | (3 029) | (2 514) |
| Purchase of intangible assets | (359) | (106) |
| Change in the balance of capital commitments (VAT-adjusted) | 86 | (221) |
| Change in the balance of advance payments | (115) | (99) |
| Costs of overhaul and internal manufacturing | (498) | (305) |
| Other | (11) | (10) |
| Total | (3 879) | (3 255) |
Loans granted
The expenses related to granting the loan to the joint venture arise from the loan agreement concluded by the Company on 2 March 2022 with Elektrociepłownia Stalowa Wola S.A. up to PLN 120 million, as further described in Note 30 to these consolidated financial statements. On 8 March 2022, the Company paid the full amount of the loan to the borrower.
Loss of control over a subsidiary
The amount of the cash outflow related to the loss of control of the subsidiary is the cash of TAURON Wydobycie S.A. at the date of loss of control in the amount of PLN 216 million.
Disposal of financial assets
Proceeds from the disposal of financial assets mainly relate to the disposal by the subsidiary TAURON Wydobycie S.A. of treasury bonds received from the State Treasury as part of capacity reduction subsidies granted to the company in the amount of PLN 178 million.