Explanatory notes

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Znacznik	Nazwa	Pobierz
PART 1	General information
Note 1.1	Corporate information
Note 1.2	Basis of preparation
Note 1.3	Foreign currency transactions and the measurement of items denominated in foreign currencies
Note 1.4	Impact of new and amended standards and interpretations
PART 2	Operating segments
PART 3	Impairment of assets
Note 3.1	Impairment testing of shares in the subsidiary Future 1 Sp. z o.o. and loans granted to the KGHM INTERNATIONAL LTD. Group
Note 3.2	Impairment testing of shares in the subsidiary KGHM Metraco S.A.
Note 3.3	Impairment testing of exploration and evaluation assets
Note 3.4	Other impairment losses on assets
PART 4	Explanatory notes to the statement of profit or loss
Note 4.1	Expenses by nature	XLS
Note 4.2	Other operating income/(costs)	XLS
Note 4.3	Finance income/(costs)	XLS
Note 4.4	Recognition / reversal of impairment losses on assets recognised in the statement of profit or loss	XLS
PART 5	Taxation
Note 5.1	Income tax in the statement of profit or loss	XLS
Note 5.1.1	Deferred income tax	XLS
Note 5.2	Other taxes and charges	XLS
Note 5.3	Tax assets and liabilities	XLS
PART 6	Investments in subsidiaries and joint ventures
Note 6.1	Subsidiaries and joint ventures	XLS
Note 6.2	Receivables due to loans granted	XLS
PART 7	Financial instruments and financial risk management
Note 7.1	Financial Instruments	XLS
Note 7.2	Derivatives
Note 7.3	Other financial instruments measured at fair value	XLS
Note 7.4	Other non-current financial assets	XLS
Note 7.5	Financial risk management
Note 7.5.1	Market risk
Note 7.5.1.1	Principles and techniques of market risk management
Note 7.5.1.2	Commodity risk
Note 7.5.1.3	Risk of changes in foreign exchange rates
Note 7.5.1.4	Interest rate risk
Note 7.5.2	Credit risk
Note 7.5.2.1	Credit risk related to cash, cash equivalents and bank deposits
Note 7.5.2.2	Credit risk related to derivatives transactions
Note 7.5.2.3	Credit risk related to trade receivables
Note 7.5.2.4	Credit risk related to other financial assets
PART 8	Borrowings and the management of liquidity and capital
Note 8.1	Capital management policy	XLS
Note 8.2	Equity
Note 8.2.1	Share capital
Note 8.2.2	Changes of other equity items	XLS
Note 8.3	Liquidity management policy
Note 8.3.1	Contractual maturities for financial liabilities	XLS
Note 8.4	Net debt
Note 8.4.1	Net debt changes	XLS
Note 8.4.2	Borrowings	XLS
Note 8.4.3	Detailed information concerning main sources of borrowings
Note 8.5	Cash and cash equivalents	XLS
Note 8.6	Contingent liabilities due to guarantees granted
PART 9	Non-current assets and related liabilities
Note 9.1	Mining and metallurgical property, plant and equipment and intangible assets	XLS
Note 9.1.1	Mining and metallurgical property, plant and equipment– fixed assets under construction	XLS
Note 9.1.2	Expenses related to mining and metallurgical assets	XLS
Note 9.2	Other property, plant and equipment and intangible assets	XLS
Note 9.3	Depreciation/amortisation	XLS
Note 9.4	Provision for decommissioning costs of mines and other facilities	XLS
Note 9.5	Capitalised costs of external financing
PART 10	Working capital
Note 10.1	Inventories	XLS
Note 10.2	Trade receivables	XLS
Note 10.3	Trade payables	XLS
Note 10.4	Changes in working capital	XLS
PART 11	Employee benefits
Note 11.1	Employee benefits liabilities	XLS
Note 11.2	Changes in liabilities related to future employee benefits programs	XLS
PART 12	Other notes
Note 12.1	Related party transactions	XLS
Note 12.2	Dividends paid
Note 12.3	Other assets	XLS
Note 12.4	Other liabilities	XLS
Note 12.5	Assets and liabilities not recognised in the statement of financial position	XLS
Note 12.6	Capital commitments related to property, plant and equipment and intangible assets	XLS
Note 12.7	The right of perpetual usufruct of land	XLS
Note 12.8	Employment structure	XLS
Note 12.9	Other adjustments to profit before income tax in the statement of cash flows	XLS
Note 12.10	Remuneration of key managers	XLS
Note 12.11	Remuneration of the entity entitled to audit the financial statements and of entities related to it in PLN thousands	XLS
Note 12.12	Disclosure of information on the Company’s activities regulated by the Act on Energy
Note 12.12.1	Introduction
Note 12.12.2	Description of regulated activities
Note 12.12.3	Basic principles of regulatory accounting
Note 12.12.4	Detailed principles of regulatory policy – methods and principles governing the allocation of assets, liabilities, equity, costs and revenues
Note 12.13	Subsequent events after the reporting period
PART 13	Quarterly financial information of KGHM Polska Miedź S.A.
Note 13.1	Expenses by nature
Note 13.2	Other operating income/(costs)
Note 13.3	Finance income/(costs)

Znacznik

Nazwa

Pobierz

PART 1

General information

Note 1.1

Corporate information

Note 1.2

Basis of preparation

Note 1.3

Foreign currency transactions and the measurement of items denominated in foreign currencies

Note 1.4

Impact of new and amended standards and interpretations

PART 2

Operating segments

PART 3

Impairment of assets

Note 3.1

Impairment testing of shares in the subsidiary Future 1 Sp. z o.o. and loans granted to the KGHM INTERNATIONAL LTD. Group

Note 3.2

Impairment testing of shares in the subsidiary KGHM Metraco S.A.

Note 3.3

Impairment testing of exploration and evaluation assets

Note 3.4

Other impairment losses on assets

PART 4

Explanatory notes to the statement of profit or loss

Note 4.1

Expenses by nature

XLS

Note 4.2

Other operating income/(costs)

XLS

Note 4.3

Finance income/(costs)

XLS

Note 4.4

Recognition / reversal of impairment losses on assets recognised in the statement of profit or loss

XLS

PART 5

Taxation

Note 5.1

Income tax in the statement of profit or loss

XLS

Note 5.1.1

Deferred income tax

XLS

Note 5.2

Other taxes and charges

XLS

Note 5.3

Tax assets and liabilities

XLS

PART 6

Investments in subsidiaries and joint ventures

Note 6.1

Subsidiaries and joint ventures

XLS

Note 6.2

Receivables due to loans granted

XLS

PART 7

Financial instruments and financial risk management

Note 7.1

Financial Instruments

XLS

Note 7.2

Derivatives

Note 7.3

Other financial instruments measured at fair value

XLS

Note 7.4

Other non-current financial assets

XLS

Note 7.5

Financial risk management

Note 7.5.1

Market risk

Note 7.5.1.1

Principles and techniques of market risk management

Note 7.5.1.2

Commodity risk

Note 7.5.1.3

Risk of changes in foreign exchange rates

Note 7.5.1.4

Interest rate risk

Note 7.5.2

Credit risk

Note 7.5.2.1

Credit risk related to cash, cash equivalents and bank deposits

Note 7.5.2.2

Credit risk related to derivatives transactions

Note 7.5.2.3

Credit risk related to trade receivables

Note 7.5.2.4

Credit risk related to other financial assets

PART 8

Borrowings and the management of liquidity and capital

Note 8.1

Capital management policy

XLS

Note 8.2

Equity

Note 8.2.1

Share capital

Note 8.2.2

Changes of other equity items

XLS

Note 8.3

Liquidity management policy

Note 8.3.1

Contractual maturities for financial liabilities

XLS

Note 8.4

Net debt

Note 8.4.1

Net debt changes

XLS

Note 8.4.2

Borrowings

XLS

Note 8.4.3

Detailed information concerning main sources of borrowings

Note 8.5

Cash and cash equivalents

XLS

Note 8.6

Contingent liabilities due to guarantees granted

PART 9

Non-current assets and related liabilities

Note 9.1

Mining and metallurgical property, plant and equipment and intangible assets

XLS

Note 9.1.1

Mining and metallurgical property, plant and equipment– fixed assets under construction

XLS

Note 9.1.2

Expenses related to mining and metallurgical assets

XLS

Note 9.2

Other property, plant and equipment and intangible assets

XLS

Note 9.3

Depreciation/amortisation

XLS

Note 9.4

Provision for decommissioning costs of mines and other facilities

XLS

Note 9.5

Capitalised costs of external financing

PART 10

Working capital

Note 10.1

Inventories

XLS

Note 10.2

Trade receivables

XLS

Note 10.3

Trade payables

XLS

Note 10.4

Changes in working capital

XLS

PART 11

Employee benefits

Note 11.1

Employee benefits liabilities

XLS

Note 11.2

Changes in liabilities related to future employee benefits programs

XLS

PART 12

Other notes

Note 12.1

Related party transactions

XLS

Note 12.2

Dividends paid

Note 12.3

Other assets

XLS

Note 12.4

Other liabilities

XLS

Note 12.5

Assets and liabilities not recognised in the statement of financial position

XLS

Note 12.6

Capital commitments related to property, plant and equipment and intangible assets

XLS

Note 12.7

The right of perpetual usufruct of land

XLS

Note 12.8

Employment structure

XLS

Note 12.9

Other adjustments to profit before income tax in the statement of cash flows

XLS

Note 12.10

Remuneration of key managers

XLS

Note 12.11

Remuneration of the entity entitled to audit the financial statements and of entities related to it in PLN thousands

XLS

Note 12.12

Disclosure of information on the Company’s activities regulated by the Act on Energy

Note 12.12.1

Introduction

Note 12.12.2

Description of regulated activities

Note 12.12.3

Basic principles of regulatory accounting

Note 12.12.4

Detailed principles of regulatory policy – methods and principles governing the allocation of assets, liabilities, equity, costs and revenues

Note 12.13

Subsequent events after the reporting period

PART 13

Quarterly financial information of KGHM Polska Miedź S.A.

Note 13.1

Expenses by nature

Note 13.2

Other operating income/(costs)

Note 13.3

Finance income/(costs)

Financial statements

Chapters

Introduction

Our Strategy

Safty is our value

Market enviroment in 2016

Our business results

We act responsibly

Corporate governance

About this Report

PDF Version

Download Integrated Report 2016

Explanatory notes