The functional currency of the parent company and the presentation currency of these consolidated financial statements is Polish Zloty („PLN”). All amounts are in PLN million, unless indicated otherwise.

For the purpose of translation at the reporting date of items denominated in currency other than PLN the following exchange rates were applied:

  December 31,2016 December 31,2015
USD 4.1793 3.9011
EUR 4.4240 4.2615