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

4.1 Expenses by nature

in PLN millions, unless otherwise stated

from 1 January 2020
to 31 December 2020
from 1 January 2019
to 31 December 2019
[Note 9.3] Depreciation of property, plant and equipment and amortisation of intangible assets 2 062 2 013
[Note 11.1] Employee benefits expenses 5 884 5 594
Materials and energy 7 914 7 945
External services 2 226 2 655
[Note 5.2] Minerals extraction tax 1 625 1 520
Other taxes and charges 544 521
[Note 4.4] Reversal of impairment losses on property, plant and equipment and intangible assets (2) (19)
[Note 4.4] Reversal of write-down of inventories (29) (38)
Advertising costs and representation expenses 61 71
Property and personal insurance 65 59
[Note 4.4] Impairment losses on property, plant and equipment and intangible assets* 162 217
[Note 4.4] Write-down of inventories 127 38
Other costs 62 78
Total expenses by nature 20 701 20 654
Cost of merchandise and materials sold (+) 672 681
Change in inventories of finished goods and work in progress(+/-) 474 337
Cost of products for internal use of the Group (-) ** (1 376) (1 404)
Total costs of sales, selling costs and administrative expenses, of which: 20 471 20 268
Cost of sales 18 981 18 767
Selling costs 432 432
Administrative expenses 1 058 1 069
* relates to companies of the Group, details are presented in note 3
** the amount is mainly comprised of cost of manufacturing fixed assets by the Group – mainly stripping costs in open-pit mines

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