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

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

in PLN millions, unless otherwise stated

from 1 October 2020
to 31 December 2020
from 1 October 2019
to 31 December 2019
from 1 October 2020
to 31 December 2020
from 1 October 2019
to 31 December 2019
[Note 2.3] Revenues from contracts with customers 7 052 5 854 23 632 22 723
[Note 4.1] Cost of sales (5 551) (5 190) (18 981) (18 767)
Gross profit 1 501 664 4 651 3 956
[Note 4.1] Selling costs and administrative expenses (446) ( 437) (1 490) (1 501)
Profit on sales 1 055 227 3 161 2 455
[Note 6.1] Share of losses of joint ventures accounted for using the equity method 2 (269) (204) (438)
[Note 6.2] Gains due to the reversal of allowances for impairment of loans granted to joint ventures 74 106 74 106
[Note 6.2] Interest income on loans granted to joint ventures calculated using the effective interest rate method 93 86 377 341
Profit or loss on involvement in joint ventures 169 (77) 247 9
[Note 4.2] Other operating income 208 272 702 809
Other operating costs (603) (836) (1 326) (623)
Income tax expense 144 304 259 38
[Note 4.3] Finance costs (96) (192) (287) (566)
Profit before income tax 877 (302) 2 756 2 122
[Note 5.1] Income tax expense (252) 57 (959) (701)
PROFIT/(LOSS) FOR THE PERIOD 625 (245) 1 797 1 421
Profit/(loss) for the period attributable to:
Shareholders of the Parent Entity 626 (243) 1 800 1 421
Non-controlling interest (1) (2) (3)
Weighted average number of ordinary shares (million) 200 200 200 200
Basic/diluted earnings per share
(in PLN)
3,13 (1,22) 9,00 7,11

Search results