in PLN millions, unless otherwise stated

CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS

Note 4th quarter of 2016
4th quarter of 2015
4 quarters of 2016
4 quarters of 2015
2.3Sales revenue
6 0155 14819 15620 008
4.1Cost of sales
(4 887)(6 550)(15 242)(18 159)
 Gross profit/(loss)
1128(1 402)3 9141 849
4.1Selling costs and administrative expenses
( 397)( 366)(1 370)(1 343)
 Profit/(loss) on sales
731(1 768)2 544506
6.1Share of losses of joint ventures accounted for using the equity method
( 373)(4 144)(1 200)(4 457)
6.1Impairment loss on interest in a joint venture
-( 671)-( 671)
6.2Allowance for impairment of loans granted to joint ventures
(4 394)-(4 394)-
6.2Interest on loans granted to joint ventures
168147633466
 Profit or loss on involvement in joint ventures
(4 599)(4 668)(4 961)(4 662)
4.2Other operating income and (costs)
( 532)( 444)( 802)( 660)
4.3Finance income and (costs)
( 615)( 82)( 582)( 306)
 Loss before income tax
(5 015)(6 962)(3 801)(5 122)
5.1Income tax expense
( 63)725( 648)113
 LOSS FOR THE PERIOD
(5 078)(6 237)(4 449)(5 009)
 Loss for the period attributable to:
    
 Shareholders of the Parent Entity
(4 996)(6 237)(4 371)(5 012)
 Non-controlling interest
( 82)-(78)3
      
 Weighted average number of ordinary shares (million)
200200200200
 Basic/diluted earnings per share (in PLN)
( 24,98)( 31,19)( 21,86)( 25,06)