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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.

 

	As at December 31, 2016	As at December 31, 2015
Difference between tax value and carrying amount of property, plant and equipment	2,945	2,681
Difference between tax value and carrying amount of energy origin units	65	107
Difference between tax value and carrying amount of financial assets	377	357
CO2 emission rights	439	403
LTC compensations	680	671
Other	26	23
DEFERRED TAX LIABILITY	4,532	4,242

Change of deferred tax – liabilities

	Year ended December 31, 2016	Year ended December 31, 2015
AS AT JANUARY 1	4,242	4,418
Changes recognized in profit or loss	255	(172)
Changes recognized in other comprehensive income	34	(4)
Other changes	1	-
AS AT DECEMBER 31	4,532	4,242

note_13.2_table_2_pge.xlsx

 

AFTER OFF-SET OF THE ASSET AND THE LIABILITY IN PARTICULAR COMPANIES THE GROUP’S DEFFERED TAX IS PRESENTED AS:
Deferred tax asset	268	313
Deferred tax liability	(1,191)	(852)

note_13.2_table_3_pge.xlsx