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• General information, basis for preparation of the financial statements and other explanatory information
  • 1. General information
    • 1.1 Information about the parent company
    • 1.2 Information about the PGE Group
    • 1.3 Structure of the PGE Group
    • 1.4 Acquisition of a jointly controlled entity
  • 2. Basis for preparation of the financial statements
    • 2.1 Statement of compliance
    • 2.2 Presentation and functional currency
    • 2.3 New standards and interpretations published, not yet effective
    • 2.4 Professional judgment of management and estimates
  • 3. The analysis of impairment of property, plant and equipment, intangible assets and goodwill
    • 3.1 The analysis of impairment of power generating assets of Conventional Generation segment
    • 3.2 The analysis of impairment of the power generating assets of Renewables segment
    • 3.3 Property, plant and equipment in Distribution segment
  • 4. Significant accounting principles applied
  • 5. Changes of accounting principles and data presentation
• Explanatory notes to the consolidated financial statements
• Explanatory notes to the operating segments
  • 6. Information on operating segments
    • 6.1 Information on business segments
    • 6.2 Information on geographical areas
• Explanatory notes to the consolidated statement of comprehensive income
  • 7. Revenues and expenses
    • 7.1 Sales revenues
    • 7.2 Cost by nature and function
    • 7.3 Other operating income and expenses
    • 7.4 Financial income and expenses
    • 7.5 Share of profit of associates and entities jointly controlled entities accounted for under the equity method
  • 8. Income tax
    • 8.1 Tax in the statement of comprehensive income
    • 8.2 Effective tax rate
• Explanatory notes to the consolidated statement of financial position
  • 9. Property, plant and equipment
  • 10. Investment property
  • 11. Intangible assets
  • 12. Shares in associates accounted for under the equity method
  • 13. Deferred tax in the statement of financial position
    • 13.1 Deferred tax asset
    • 13.2 Deferred tax liability
  • 14. Inventories
  • 15. CO2 emission rights for captive use
  • 16. Other current and non-current assets
    • 16.1 Other non-current assets
    • 16.2 Other current assets
  • 17. Cash and cash equivalents
  • 18. Discontinued operations
  • 19. Assets and liabilities of the Social Fund
  • 20. Equity
    • 20.1 Share capital
    • 20.2 Hedging reserve
    • 20.3 Foreign exchange differences from translation of foreign entities
    • 20.4 Reserve capital
    • 20.5 Retained earnings and limitations to payment of a dividend
    • 20.6 Equity attributed to non-controlling interests
    • 20.7 Earnings per share
    • 20.8 Dividends paid and dividends declared
  • 21. Provisions
    • 21.1 Rehabilitation provision
    • 21.2 Provision for deficit of CO2 emission rights
    • 21.3 Provision for energy origin rights held for redemption
    • 21.4 Provision for non-contractual use of property
    • 21.5 Other provisions
  • 22. Employee benefits
    • 22.1 Post-employment benefits and jubilee awards
    • 22.2 Other provisions for employee benefits
  • 23. Deferred income and governments grants
    • 23.1 Non-current deferred income and government grants
    • 23.2 Current deferred income and government grants
  • 24. Other non financial liabilities
• Explanatory notes to financial instruments
  • 25. Financial instruments
    • 25.1 Description of significant items within particular classes of financial instruments
    • 25.2 Fair value of financial instruments
    • 25.3 Fair value hierarchy
    • 25.4 Statement of comprehensive income
    • 25.5 Collaterals for repayment of receivables and liabilities
  • 26. Objectives and principles of financial risk management
    • 26.1 Liquidity risk
    • 26.2 Interest rate risk
    • 26.3 Currency risk
    • 26.4 Price risk
    • 26.5 Credit risk
    • 26.6 Market (financial) risk – sensitivity analysis
    • 26.7 Hedge accounting
• Explanatory notes to the statement of cash flows
  • 27. Statement of cash flows
• Other explanatory notes
  • 28. Contingent liabilities and receivables. Legal claims
  • 29. Future investment commitments
  • 30. Lease
  • 31. Tax settlements
  • 32. Information on related parties
  • 33. Significant events of the reporting period and subsequent events
    • 33.1 Termination of long term contracts LTC
    • 33.2 Agreement on financial investment in Polska Grupa Górnicza sp. z o.o.
    • 33.3 Submission of an initial offer with partners for EDF assets in Poland
    • 33.4 Overburden slide at an internal heap in the Turów lignite mine
    • 33.5 Capital investment in Polimex-Mostostal S.A.

 

EQUITY ATTRIBUTED TO EQUITY HOLDERS OF THE PARENT COMPANY
	Share capital	Hedging reserve	Foreign exchange differences from translation of foreign entities	Reserve capital	Retained earnings	TOTAL	Non-controlling interests	TOTAL EQUITY
Note	20.1	20.2	20.3	20.4	20.5		20.6
AS AT JANUARY 1, 2015	18,698	(61)	(1)	9,231	16,901	44,768	116	44,884
Net loss for the reporting period	-	-	-	-	(3,032)	(3,032)	(5)	(3,037)
Other comprehensive income	-	40	-	-	12	52	-	52
COMPREHENSIVE INCOME	-	40	-	-	(3,020)	(2,980)	(5)	(2,985)
Retained earnings distribution	-	-	-	3,778	(3,778)	-	-	-
Dividend	-	-	-	-	(1,458)	(1,458)	(4)	(1,462)
Changes within the PGE Group	-	-	-	-	-	-	68	68
Acquisition of additional shares in subsidiaries	-	-	-	-	(10)	(10)	(78)	(88)
Other changes	-	-	-	-	1	1	(1)	-
TRANSACTIONS WITH OWNERS	-	-	-	3,778	(5,245)	(1,467)	(15)	(1,482)
AS AT DECEMBER 31, 2015	18,698	(21)	(1)	13,009	8,636	40,321	96	40,417
Net profit for the reporting period	-	-	-	-	2,568	2,568	(2)	2,566
Other comprehensive income	-	168	4	-	200	372	-	372
COMPREHENSIVE INCOME	-	168	4	-	2,768	2,940	(2)	2,938
Retained earnings distribution	-	-	-	1,301	(1,301)	-	-	-
Dividend	-	-	-	-	(467)	(467)	(4)	(471)
Increase of share capital	467	-	-	(467)	-	-	10	10
Tax related to the increase of the share capital	-	-	-	(110)	-	(110)	-	(110)
Acquisition of additional shares in subsidiaries	-	-	-	-	(2)	(2)	(4)	(6)
Other changes	-	-	-	(3)	-	(3)	-	(3)
TRANSACTIONS WITH OWNERS	467	-	-	721	(1,770)	(582)	2	(580)
AS AT DECEMBER 31, 2016	19,165	147	3	13,730	9,634	42,679	96	42,775

consolidated_statement_of_changes_in_equity.xlsx