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

2.4 Revenues from contracts with customers of the Group – breakdown by category

in PLN millions, unless otherwise stated

from 1 January 2020 to 31 December 2020
KGHM Polska Miedź S.A. KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Other
segments
Reconciliation items to consolidated data Consolidated
data
Elimination of data of the segment Sierra Gorda S.C.M Consolidation
adjustments
Total revenues from contracts with customers 19 326 2 703 2 599 7 881 (2 599) (6 278) 23 632
Revenues from sales contracts, for which the sales price is set after the date of recognition of the sales (M+ principle), of which: 14 393 2 119 2 439 76 (2 439) (76) 16 512
settled 13 520 1 463 887 76 (887) (76) 14 983
unsettled 873 656 1 552 (1 552) 1 529
Revenues from realisation of long-term contracts 529 262 (249) 542
Revenues from other sales contracts 4 933 55 160 7 543 (160) (5 953) 6 578
Total revenues from contracts with customers,
of which:
19 326 2 703 2 599 7 881 (2 599) (6 278) 23 632
in factoring 7 234 25 756 (685) 7 330
not in factoring 12 092 2 678 2 599 7 125 (2 599) (5 593) 16 302
* 55% of the Group’s share in revenues of Sierra Gorda S.C.M.

 

from 1 January 2020
to 31 December 2020
from 1 January 2019
to 31 December 2019
Revenues from contracts with customers, of which: 23 632 22 723
Transferred at a certain moment 22 411 20 893
Transferred over time 1 221 1 830

 

from 1 January 2019 to 31 December 2019
KGHM Polska Miedź S.A. KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Other
segments
Reconciliation items to consolidated data Consolidated
data
Elimination of data of the segment Sierra Gorda S.C.M Consolidation
adjustments
Total revenues from contracts with customers 17 683 3 084 2 002 7 448 (2 002) (5 492) 22 723
Revenues from sales contracts, for which the sales price is set after the date of recognition of the sales (M+ principle), of which: 14 474 2 085 2 009 (2 009) (75) 16 484
settled 13 745 1 355 1 053 (1 053) (75) 15 025
unsettled 729 730 956 (956) 1 459
Revenues from realisation of long-term contracts 979 194 (173) 1 000
Revenues from other sales contracts 3 209 20 (7) 7 254 7 (5 244) 5 239
Total revenues from contracts with customers,
of which:
17 683 3 084 2 002 7 448 (2 002) (5 492) 22 723
in factoring 6 985 74 7 059
not in factoring 10 698 3 010 2 002 7 448 (2 002) (5 492) 15 664
* 55% of the Group’s share in revenues of Sierra Gorda S.C.M.

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