54.3. Cash flows from financial activities
Repayment of credits/loans
|
Year ended 31 December 2022 |
Year ended 31 December 2021 |
|
| Repayment by the Company of tranches of loans to the Consortium of banks | (5 950) | (3 300) |
| The repayment of the loan installments by the Company to the European Investment Bank | (111) | (162) |
| Other | (6) | (4) |
| Total | (6 067) | (3 466) |
Purchase of non-controlling shares
Expenses for the acquisition of non-controlling shares in the amount of PLN 1 061 million result from the timely repayment on 22 March 2022 of liabilities to Fundusz Inwestycji Infrastrukturalnych – Kapitałowy FIZAN for the acquisition of shares in the subsidiary Nowe Jaworzno Grupa TAURON Sp. z o.o., as further described in Note 48 to consolidated financial statements.
Interest paid
|
Year ended 31 December 2022 |
Year ended 31 December 2021 |
|
| Interest paid in relation to debt securities | (274) | (249) |
| Interest paid in relation to loans and borrowings | (240) | (101) |
| Interest paid in relation to the lease | (10) | (7) |
| Total | (524) | (357) |
| constituting investing expense | (24) | (14) |
| constituting financing expense | (500) | (343) |
The Group presents costs of external financing incurred activated in the current period on assets as expenditures for acquisition of property, plant and equipment and intangible assets in cash flows from investment activities. In the year ended 31 December 2022, paid interest representing external financing costs subject to capitalisation in the value of fixed assets and intangible assets amounted to PLN 24 million, whereas in the comparative period, it amounted to PLN 14 million.
Borrowings
|
Year ended 31 December 2022 |
Year ended 31 December 2021 |
|
| The launch of financing by the Company under loan agreements: | ||
| Banks Consortiums | 7 340 | 2 000 |
| European Investment Bank | 1 600 | − |
| Erste Group Bank AG | 500 | − |
| Other | − | 3 |
| Total | 9 440 | 2 003 |