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

12.4 Other liabilities

in PLN millions, unless otherwise stated

Accounting policies

Other financial liabilities are initially recognised at fair value less transaction costs, and at the end of the reporting period they are measured at amortised cost.

As at
31 December 2020

Stan na As at
31 December 2019
Deferred income, including: 313 366
Liabilities due to Franco Nevada streaming contract 230 263
Trade payables 169 174
Other liabilities 69 91
Other liabilities – non-current 551 631
Special funds 385 363
Deferred income, including: 147 59
Trade payables 99 22
Grants to assets 6 7
Accruals, including: 484 446
Provision for purchase of property rights related to consumed electricity 55 53
Charge for discharging gases and dusts to the air 120 90
Other accounted costs, proportional to achieved revenues, which are future liabilities estimated on the basis of contracts entered into 156 156
Other financial liabilities 144 107
Other non-financial liabilities 42 51
Other liabilities – current 1 202 1 026
Total – non-current and current liabilities 1 753 1 657

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