Integrated Report of KGHM Polska Miedź S.A.
and the KGHM Polska Miedź S.A. Group
for 2020

12.5 Assets and liabilities not recognised in the statement of financial position

in PLN millions, unless otherwise stated

The value of contingent assets and liabilities and other liabilities not recognised in the statement of financial position were determined based on estimates.

As at
31 December 2020

As at
31 December 2019
Contingent assets 532 630
Guarantees received 297 356
Promissory notes receivables 123 120
Other 112 154
Contingent liabilities 1 349 1 882
[Note 8.6] Guarantees and letters of credit 1 055 1 607
[Note 8.6] A promissory note 171 144
Property tax on underground mine workings 55 91
Other 68 40
Other liabilities not recognised in the statement of financial position 100 107
Liabilities towards local government entities due to expansion of the tailings storage facility 100 107

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