13.1. Operating segments
Year ended 31 December 2022
| Operating segments | Other | Unallocated items / Eliminations | Total, continuing operations | Discontinued operations | Total, continuing and discontinued operations | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Generation | Renewable Energy Sources | Distribution | Sales | Mining | Unallocated items / Eliminations | |||||
| Revenue | ||||||||||
| Sales to external customers | 5 586 | 166 | 3 667 | 26 260 | 275 | − | 35 954 | 1 387 | − | 37 341 |
| Inter-segment sales | 5 530 | 743 | 3 915 | 8 960 | 1 106 | (20 254) | − | − | − | − |
| Sales to from discontinued operations | 10 | − | 29 | 271 | 47 | − | 357 | 1 293 | (1 650) | − |
| Total segment revenue | 11 126 | 909 | 7 611 | 35 491 | 1 428 | (20 254) | 36 311 | 2 680 | (1 650) | 37 341 |
| Recompensation revenue | 2 | − | − | 482 | − | − | 484 | − | − | 484 |
| Profit/(loss) of the segment | (1 435) | 292 | 1 679 | 550 | 163 | (201) | 1 048 | 490 | (440) | 1 098 |
| Share in profit/(loss) of joint ventures | 128 | − | − | − | − | − | 128 | − | − | 128 |
| Unallocated expenses | − | − | − | − | − | (107) | (107) | − | − | (107) |
| EBIT | (1 307) | 292 | 1 679 | 550 | 163 | (308) | 1 069 | 490 | (440) | 1 119 |
| Finance income (costs) | − | − | − | − | − | (959) | (959) | − | (27) | (986) |
| Profit/(loss) before income tax | (1 307) | 292 | 1 679 | 550 | 163 | (1 267) | 110 | 490 | (467) | 133 |
| Income tax expense | − | − | − | − | − | (319) | (319) | − | 52 | (267) |
| Net profit/(loss) for the period | (1 307) | 292 | 1 679 | 550 | 163 | (1 586) | (209) | 490 | (415) | (134) |
| Assets and liabilities | ||||||||||
| Segment assets | 9 475 | 2 910 | 22 174 | 6 701 | 1 156 | − | 42 416 | − | − | 42 416 |
| Investments in joint ventures | 682 | − | − | − | − | − | 682 | − | − | 682 |
| Unallocated assets | − | − | − | − | − | 2 222 | 2 222 | − | − | 2 222 |
| Total assets | 10 157 | 2 910 | 22 174 | 6 701 | 1 156 | 2 222 | 45 320 | − | − | 45 320 |
| Segment liabilities | 4 621 | 204 | 2 170 | 2 868 | 682 | − | 10 545 | − | − | 10 545 |
| Unallocated liabilities | − | − | − | − | − | 18 161 | 18 161 | − | − | 18 161 |
| Total liabilities | 4 621 | 204 | 2 170 | 2 868 | 682 | 18 161 | 28 706 | − | − | 28 706 |
| EBIT | (1 307) | 292 | 1 679 | 550 | 163 | (308) | 1 069 | 490 | (440) | 1 119 |
| Depreciation/amortization | (446) | (182) | (1 257) | (46) | (134) | 5 | (2 060) | (156) | − | (2 216) |
| Impairment | (82) | (2) | (3) | 2 | (1) | − | (86) | (135) | (460) | (681) |
| EBITDA | (779) | 476 | 2 939 | 594 | 298 | (313) | 3 215 | 781 | 20 | 4 016 |
| Other segment information | ||||||||||
| Capital expenditure * | 383 | 459 | 2 137 | 75 | 391 | − | 3 445 | 517 | − | 3 962 |
* Capital expenditure includes expenditure on property, plant and equipment, intangible assets and rights to use assets excluding the acquisition of CO2 emission rights and property rights of energy origin.
Year ended 31 December 2021 (restated figures)
| Operating segments | Other | Unallocated items / Eliminations | Total, continuing operations |
Discontinued operations |
Total, continuing and discontinued operations | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Generation | Renewable Energy Sources | Distribution | Sales | Mining | Unallocated items / Eliminations | |||||
| Revenue | ||||||||||
| Sales to external customers | 3 504 | 159 | 3 446 | 17 639 | 177 | − | 24 925 | 689 | − | 25 614 |
| Inter-segment sales | 6 305 | 502 | 3 616 | 6 345 | 958 | (17 726) | − | − | − | − |
| Sales to from discontinued operations | 10 | − | 37 | 150 | 42 | − | 239 | 778 | (1 017) | − |
| Total segment revenue | 9 819 | 661 | 7 099 | 24 134 | 1 177 | (17 726) | 25 164 | 1 467 | (1 017) | 25 614 |
| Recompensation revenue | − | − | − | (9) | − | − | (9) | − | − | (9) |
| Profit/(loss) of the segment | (57) | 224 | 1 767 | (564) | 92 | (43) | 1 419 | (458) | 14 | 975 |
| Share in profit/(loss) of joint ventures | 32 | − | − | – | − | − | 32 | − | − | 32 |
| Unallocated expenses | − | − | − | – | − | (91) | (91) | − | − | (91) |
| EBIT | (25) | 224 | 1 767 | (564) | 92 | (134) | 1 360 | (458) | 14 | 916 |
| Finance income (costs) | − | − | − | – | − | (235) | (235) | − | (6) | (241) |
| Profit/(loss) before income tax | (25) | 224 | 1 767 | (564) | 92 | (369) | 1 125 | (458) | 8 | 675 |
| Income tax expense | − | − | − | – | − | (293) | (293) | − | 3 | (290) |
| Net profit/(loss) for the period | (25) | 224 | 1 767 | (564) | 92 | (662) | 832 | (458) | 11 | 385 |
| Assets and liabilities | ||||||||||
| Segment assets | 8 252 | 2 470 | 21 117 | 4 508 | 891 | − | 37 238 | 899 | − | 38 137 |
| Investments in joint ventures | 597 | − | − | – | − | − | 597 | − | − | 597 |
| Unallocated assets | − | − | − | – | − | 1 281 | 1 281 | − | 60 | 1 341 |
| Total assets | 8 849 | 2 470 | 21 117 | 4 508 | 891 | 1 281 | 39 116 | 899 | 60 | 40 075 |
| Segment liabilities | 2 713 | 195 | 2 038 | 2 015 | 591 | − | 7 552 | 857 | − | 8 409 |
| Unallocated liabilities | − | − | − | – | − | 15 046 | 15 046 | − | 96 | 15 142 |
| Total liabilities | 2 713 | 195 | 2 038 | 2 015 | 591 | 15 046 | 22 598 | 857 | 96 | 23 551 |
| EBIT | (25) | 224 | 1 767 | (564) | 92 | (134) | 1 360 | (458) | 14 | 916 |
| Depreciation/amortization | (453) | (151) | (1 203) | (41) | (110) | − | (1 958) | (143) | − | (2 101) |
| Impairment | (947) | (1) | 3 | 1 | (6) | − | (950) | (185) | − | (1 135) |
| EBITDA | 1 375 | 376 | 2 967 | (524) | 208 | (134) | 4 268 | (130) | 14 | 4 152 |
| Other segment information | ||||||||||
| Capital expenditure * | 240 | 90 | 2 044 | 82 | 200 | − | 2 656 | 276 | − | 2 932 |
* Capital expenditure includes expenditure on property, plant and equipment, intangible assets and rights to use assets excluding the acquisition of CO2 emission rights and property rights of energy origin..
In the year ended 31 December 2022, revenues from exchange sales earned in the Sales and Generation segment by Izba Rozliczeniowa Giełd Towarowych S.A., accounted for 16% of the Group’s total revenues from continuing operations and amounted to PLN 5 958 million. In the comparable period, this revenue, earned in the Sales segment, accounted for 11% of the Group’s total revenue from continuing operations and amounted to PLN 2 798 million.