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PL
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INTRODUCTION
KGHM Group in 2016
Letter from President of the Management Board
Letter from Chairman of the Supervisory Board
Our strategy
How do we create value?
Our strategy
Risks and opportunities
Safety is our value
Safety ensuring effective operation
Market environment in 2016
Key trends on the commodity market of the global economy
The market in 2016
Copper market forecasts
Our business results
Mining and smelting production
Development of assets
Development of the resource base
Financial results
Our products and customers
We act responsibly
Valuable staff
Corporate social responsibility
The highest standard of environmental protection
Corporate governance
Organizational structure
Activities of the Supervisory Board
Activities of the Management Board of KGHM Polska Miedź S.A.
Shareholders and their role
Separate financial statements
Selected items from the separate annual financial statement
Opinion on the financial statements
Statement of profit or loss
Statement of comprehensive income
Statement of cash flows
Statement of financial position
Statement of changes in equity
Explanatory notes
Consolidated financial statements
Selected items from the separate annual financial statement
Opinion on the consolidated financial statements
Consolidated Statement of profit or loss
Consolidated Statement of comprehensive income
Consolidated Statement of cash flows
Consolidated Statement of financial position
Consolidated Statement of changes in equity
Explanatory notes
Interactive data
GRI Indexes
Non-financial external reports
Glossary of terms
About this Report
Contact
Privacy policy
Legal informations
Previous reports
KGHM.com
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Introduction
Subsections count:
3
Pages in PDF:
7-19
Our Strategy
Subsections count:
3
Pages in PDF:
21-52
Safty is our value
Subsections count:
1
Pages in PDF:
54-69
Market enviroment in 2016
Subsections count:
3
Pages in PDF:
71-79
Our business results
Subsections count:
5
Pages in PDF:
81-115
We act responsibly
Subsections count:
3
Pages in PDF:
117-156
Corporate governance
Subsections count:
4
Pages in PDF:
158-172
About this Report
Subsections count:
0
Pages in PDF:
174-115
PDF Version
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Financial statements
Separate financial statements
Explanatory notes
Explanatory notes
in PLN millions, unless otherwise stated
Explanatory notes
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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
Separate financial statements
Selected items from the separate annual financial statement
Opinion on the financial statements
Statement of profit or loss
Statement of comprehensive income
Statement of cash flows
Statement of financial position
Statement of changes in equity
Explanatory notes
Consolidated financial statements
Selected items from the consolidated annual financial statement
Opinion on the consolidated financial statements
Consolidated Statement of profit or loss
Consolidated Statement of comprehensive income
Consolidated Statement of cash flows
Consolidated Statement of financial position
Consolidated Statement of changes in equity
Explanatory notes
Separate financial statements
Explanatory notes
1. General information
2. Operating segments
3. Impairment of assets
4. Explanatory notes to the statement of profit or loss
5. Taxation
6. Investments in subsidiaries and joint ventures
7. Financial instruments and financial risk management
8. Borrowings and the management of liquidity and capital
9. Non-current assets and related liabilities
10. Working capital
11. Employee benefits
12. Other notes
13. Quarterly financial information of KGHM Polska Miedź S.A.
Consolidated financial statements
Explanatory notes
1. General information
2. Information on segments and revenues
3. Impairment of assets
4. Explanatory notes to the statement of profit or loss
5. Taxation
6. Involvement in joint ventures
7. Financial instruments and financial risk management
8. Borrowings and the management of liquidity and capital
9. Non-current assets and related liabilities
10. Working capital
11. Employee benefits
12. Other notes
13. Quarterly financial information of the Group