Notes

Consolidated statement of cash flows Outlook

INFORMATION ON THE CAPITAL GROUP AND THE BASIS FOR THE PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS

  1. General information about the TAURON Polska Energia S.A. Capital Group and its parent company
  2. Composition of the TAURON Group and joint ventures
  3. Statement of compliance
  4. Going concern
  5. Functional and presentation currency
  6. Accounting principles (policy)
  7. Material values based on professional judgement and estimates
  8. Standards and amendments to standards which have been published but are not yet effective
  9. Changes in the accounting policies
    1. Application of amendments to standards
    2. Other changes in accounting policies and presentation applied by the Group

BUSINESS SEGMENTS

  1. Information on operating segments
    1. Operating segments
    2. Geographical areas of operations

IMPAIRMENT OF NON-FINANCIAL ASSETS

  1. Impairment in value of non-financial assets

NOTES TO THE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

  1. Sales revenue
  2. Compensation
  3. Cost of goods, products, materials and services sold
    1. Costs by type
    2. Employee benefit expenses
    3. Depreciation and amortisation charges and impairment losses
  4. Other operating revenues and costs
  5. Financial revenues and costs
  6. Costs arising from leases
  7. Income Tax
    1. Tax expense in the statement of comprehensive income
    2. Reconciliation of the effective tax rate
  8. Discontinued activity
  9. Earnings/(loss) per share

NOTES TO THE STATEMENT OF FINANCIAL POSITION

  1. Property, plant and equipment
  2. Right-of-use assets
  3. Goodwill
  4. Energy certificates and gas emission allowances
    1. Long-term energy certificates and gas emission allowances
    2. Short-term energy certificates and gas emission allowances
    3. Balance of CO2 emission allowances recorded in the Union Registry
  5. Other intangible assets
  6. Shares and stocks in joint ventures
  7. Loans to joint ventures
  8. Other financial assets
  9. Other non-financial assets
    1. Other non-current non-financial assets
    2. Other current non-financial assets
  10. Deferred income tax
  11. Inventories
  12. Receivables from customers
  13. Receivables due to income tax
  14. Receivables arising from other taxes and charges
  15. Cash and equivalents
  16. Assets held for sale and liabilities associated with assets held for sale
  17. Equity
    1. Issued capital
    2. Shareholder rights
    3. Reserve capital
    4. Retained earnings and restrictions on dividends
    5. Revaluation reserve from valuation of hedging instruments
    6. Non-controlling shares
  18. Dividends paid
  19. Debt
    1. Loans and borrowings
    2. Bonds issued
    3. Debt agreement covenants
    4. Lease liabilities
  20. Provisions for employee benefits
    1. Provisions for post-employment benefits and jubilee bonuses
    2. Provisions for employment termination benefits and other provisions for employee benefits
  21. Provisions for dismantling fixed assets, restoration of land and other provisions
    1. Provision for mine decommissioning costs
    2. Provision for restoration of land and dismantling and removal of fixed assets
  22. Provisions for liabilities due to energy certificates of origin and CO2 emission allowances
  23. Other provisions
    1. Provision for use of real estate without contract
    2. Provisions for onerous contracts
    3. Provisions for counterparty claims, court disputes and other provisions
  24. Accruals, deferred income and government subsidies
    1. Deferred income and government grants
    2. Accrued expenses
  25. Liabilities to suppliers
  26. Investment liabilities
  27. Liabilities arising from other taxes and charges
  28. Other financial liabilities
  29. Other current non-financial liabilities

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

  1. Significant items of the consolidated statement of cash flows
    1. Cash flows from operating activities
    2. Cash flows from investment activities
    3. Cash flows from financial activities
    4. Cash flows from discontinued activities

FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT

  1. Financial instruments
    1. Carrying amount and fair value of financial instrument classes and categories
    2. Revenue, expenses, gain and loss items included in the statement of comprehensive income by category of financial instruments
    3. Derivatives and hedge accounting
  2. Principles and objectives of financial risk management
    1. Credit risk
      1. Credit risk related to receivables from customers
      2. Credit risk related to other financial receivables
      3. Credit risk related to cash and cash equivalents and derivatives
      4. Credit risk related to loans granted
    2. Liquidity risk
    3. Market risk
      1. Interest rate risk
      2. Currency risk
      3. Raw material and commodity price risk related to commodity derivative instruments
  3. Operational risk

OTHER INFORMATION

  1. Contingent liabilities
  2. Security for liabilities
  3. Related party disclosures
    1. Transactions with joint ventures
    2. Transactions with State Treasury companies
    3. Compensation of the executives
  4. Finance and capital management
  5. Fee of the certified auditor or the entity authorized to audit financial statements
  6. Other material information
  7. Events after the balance sheet date