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ENEA GROUP CONSOLIDATED FINANCIAL STATEMENTS for the financial year ended 31 December 2020 in compliance with EU IFRS
THIS DOCUMENT IS NOT AN OFFICIAL VERSION
Consolidated financial statements in compliance with EU IFRS for the financial year ended 31 December 2020 (in PLN 000s)
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TABLE OF CONTENTS
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Diagram 2
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Diagram 1
Consolidated financial statements in compliance with EU IFRS for the financial year ended 31 December 2020 (in PLN 000s)
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Consolidated financial statements in compliance with EU IFRS for the financial year ended 31 December 2020 (in PLN 000s)
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These consolidated financial statements are prepared in accordance with International Financial Reporting Standards, as endorsed by the European Union, and are approved by the Management Board of ENEA S.A.
Members of the Management Board
President of the Management Board
Paweł Szczeszek
Member of the Management Board
Rafał Mucha
Member of the Management Board
Tomasz Siwak
Member of the Management Board
Tomasz Szczegielniak
Member of the Management Board
Marcin Pawlicki
Prepared by:
Robert Kiereta
Head of Consolidated Reporting
Poznań, 25 March 2021
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Consolidated financial statements in compliance with EU IFRS for the financial year ended 31 December 2020 (in PLN 000s)
The consolidated statement of comprehensive income should by analysed in conjunction with the additional information and explanations, which constitute an integral part of these consolidated financial statements
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year ended
Note
31 December 2020
31 December 2019
restated*
Revenue from sales
8
18 241 997
15 867 593
Excise duty
(65 492)
(71 295)
Net revenue from sales
18 176 505
15 796 298
Compensations
3 284
597 278
Revenue from operating leases and subleases
14 765
7 722
Revenue from sales and other income
18 194 554
16 401 298
Other operating revenue
10
248 815
285 962
Change in provision for onerous contracts
17 745
10 415
Depreciation/amortisation
9
(1 598 063)
(1 548 268)
Employee benefit costs
9
(1 963 108)
(1 904 022)
Use of materials and raw materials and value of goods sold
9
(3 643 315)
(3 333 521)
Purchase of electricity and gas for sales purposes
9
(7 514 300)
(6 090 506)
Transmission services
9
(472 104)
(447 154)
Other third-party services
9
(914 208)
(925 799)
Taxes and fees
9
(443 407)
(414 439)
Loss on change, sale and liquidation of property, plant and equipment and right- of-use assets
(34 890)
(57 585)
Impairment losses on non-financial non-current assets
(3 410 154)
(5 521)
Other operating costs
10
(173 824)
(186 733)
Operating (loss)/profit
(1 706 259)
1 784 127
Finance costs
11
(346 336)
(369 234)
Finance income
11
54 346
63 890
Dividend income
283
201
Impairment of financial assets at amortised cost
(144 014)
(65 771)
Share of profit of associates and jointly controlled entities
18
(332 361)
(482 165)
Impairment of investments in associates and jointly controlled entities
18
(129 208)
(59 777)
(Loss)/profit before tax
(2 603 549)
871 271
Income tax
12
369 212
(330 574)
Net (loss)/profit for the reporting period
(2 234 337)
540 697
Other comprehensive income
Subject to reclassification to profit or loss:
- measurement of hedging instruments
(108 862)
(1 645)
- income tax
20 684
313
Not subject to reclassification to profit or loss:
- restatement of defined benefit plan
(77 658)
(85 281)
- income tax
14 755
16 203
Net other comprehensive income
(151 081)
(70 410)
Comprehensive income for the reporting period
(2 385 418)
470 287
Including net (loss)/profit:
attributable to shareholders of the Parent
(2 268 412)
423 205
attributable to non-controlling interests
34 075
117 492
Including comprehensive income:
attributable to shareholders of the Parent
(2 418 898)
354 521
attributable to non-controlling interests
33 480
115 766
Net (loss)/profit attributable to shareholders of the Parent
(2 268 412)
423 205
Weighted average number of ordinary shares
441 442 578
441 442 578
Net (loss)/profit attributable to the Parent's shareholders, per share (in PLN per share)
13
(5.14)
0.96
Diluted (loss)/profit per share (in PLN per share)
(5.14)
0.96
* the presentation restatement of data for the comparative period is presented in note 6 to the financial statements.
Consolidated financial statements in compliance with EU IFRS for the financial year ended 31 December 2020 (in PLN 000s)
The consolidated statement of financial position should by analysed in conjunction with the additional information and explanations, which constitute an integral part of the consolidated financial statement s
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at
Note
31 December 2020
31 December 2019
ASSETS
Non-current assets
Property, plant and equipment
14
18 903 722
21 470 804
Right-of-use assets
16
730 078
719 948
Intangible assets
15
359 365
379 024
Investment properties
17
21 239
23 109
Investments in associates and jointly controlled entities
18
133 647
373 016
Deferred income tax assets
12
1 296 061
569 369
Financial assets measured at fair value
35
97 957
40 172
Debt financial assets at amortised cost
36
48 649
Trade and other receivables
22
72 381
20 862
Costs related to the conclusion of agreements
11 256
12 749
Finance lease and sublease receivables
23.1
513
319
Funds in the Mine Decommissioning Fund
141 591
133 998
Total non-current assets
21 767 810
23 792 019
Current assets
CO 2 emission allowances
19
2 529 059
1 375 128
Inventories
20
1 129 975
1 376 295
Trade and other receivables
22
2 132 191
2 123 567
Costs related to the conclusion of agreements
13 428
12 646
Assets arising from contracts with customers
24
322 446
330 447
Finance lease and sublease receivables
23.1
975
950
Current income tax receivables
10 470
59 746
Financial assets measured at fair value
35
41 894
7 056
Debt financial assets at amortised cost
36
61
3 576
Other short-term investments
477
Cash and cash equivalents
25
1 941 554
3 761 947
Total current assets
8 122 053
9 051 835
TOTAL ASSETS
29 889 863
32 843 854
Consolidated financial statements in compliance with EU IFRS for the financial year ended 31 December 2020 (in PLN 000s)
The consolidated statement of financial position should by analysed in conjunction with the additional information and explanations, which constitute an integral part of the consolidated financial statement s
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at
Note
31 December 2020
31 December 2019
EQUITY AND LIABILITIES
Equity
Equity attributable to shareholders of the parent
Share capital
588 018
588 018
Share premium
3 632 464
3 632 464
Revaluation reserve - measurement of financial instruments
(16 295)
(16 295)
Revaluation reserve - measurement of hedging instruments
(105 534)
(17 356)
Retained earnings
7 938 162
10 268 882
Total equity attributable to shareholders of the parent
12 036 815
14 455 713
Non-controlling interests
27
1 057 538
1 024 058
Total equity
26
13 094 353
15 479 771
LIABILITIES
Non-current liabilities
Credit facilities, loans and debt securities
30
6 607 756
7 803 113
Trade and other payables
31
132 793
119 775
Liabilities arising from contracts with customers
24
10 833
5 023
Lease liabilities
30
529 140
504 324
Accounting for subsidies and road lighting modernisation services
34
261 162
227 413
Deferred income tax provision
12
445 094
413 392
Employee benefit liabilities
32
1 097 643
983 818
Financial liabilities measured at fair value
35
75 131
24 496
Provisions for other liabilities and other charges
33
849 990
774 065
Total non-current liabilities
10 009 542
10 855 419
Current liabilities
Credit facilities, loans and debt securities
30
1 224 061
2 102 911
Trade and other payables
31
2 037 926
1 913 440
Liabilities arising from contracts with customers
24
246 629
110 678
Lease liabilities
30
25 172
27 939
Accounting for subsidies and road lighting modernisation services
34
13 308
12 804
Current income tax liabilities
73 500
121 703
Employee benefit liabilities
32
497 483
466 082
Liabilities concerning the equivalent for rights to free purchase of shares
281
281
Financial liabilities measured at fair value
35
70 987
36 438
Provisions for other liabilities and other charges
33
2 596 621
1 716 388
Total current liabilities
6 785 968
6 508 664
Total liabilities
16 795 510
17 364 083
TOTAL EQUITY AND LIABILITIES
29 889 863
32 843 854
Consolidated financial statements in compliance with EU IFRS for the financial year ended 31 December 2020 (in PLN 000s)
The consolidated statement of changes in equity should by analysed in conjunction with the additional information and explanations, which constitute an integral part of the consolidated financial statement s
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Equity attributable to shareholders of the parent
Share capital (nominal amount)
Reserve for revaluation and merger accounting
Total share capital
Share premium
Revaluation reserve - measurement of financial instruments
Revaluation reserve - measurement of hedging instruments
Retained earnings
Non-controlling interests
Total equity
As at 1 January 2019
441 443
146 575
588 018
3 632 464
(16 295)
(16 024)
9 908 842
952 157
15 049 162
Net profit for the reporting period
423 205
117 492
540 697
Net other comprehensive income
(1 332)
(67 352)
(1 726)
(70 410)
Net comprehensive income recognised in the period
(1 332)
355 853
115 766
470 287
Dividends
(8 673)
(8 673)
Buy-out of non-controlling interests in subsidiaries
(4 531)
(25 209)
(29 740)
Other
8 718
(9 983)
(1 265)
As at 31 December 2019
441 443
146 575
588 018
3 632 464
(16 295)
(17 356)
10 268 882
1 024 058
15 479 771
Net (loss)/profit for the reporting period
(2 268 412)
34 075
(2 234 337)
Net other comprehensive income
(88 178)
(62 308)
(595)
(151 081)
Net comprehensive income recognised in the period
(88 178)
(2 330 720)
33 480
(2 385 418)
As at 31 December 2020
441 443
146 575
588 018