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

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

in PLN millions, unless otherwise stated

As at
31 December 2020
As at
31 December 2019
ASSETS
Mining and metallurgical property, plant and equipment 20 576 19 498
Mining and metallurgical intangible assets 2 024 1 966
[Note 9.1] Mining and metallurgical property, plant and equipment and intangible assets 22 600 21 464
Other property, plant and equipment 2 857 2 829
Other intangible assets 141 155
[Note 9.2] Other property, plant and equipment and intangible assets 2 998 2 984
[Note 6.2] Involvement in joint ventures – loans granted 6 069 5 694
[Note 7.1] Derivatives 789 124
[Nota 7.3] Other financial instruments measured at fair value 636 448
Note 7.4] Other financial instruments measured at amortised cost 601 656
Financial instruments, total 2 026 1 228
[Nota 5.1.1] Deferred tax assets 193 157
[Note 12.3] Other non-financial assets 161 142
Non-current assets 34 047 31 669
[Note 10.1] Inventories 4 459 4 741
[Note 10.2] Trade receivables, including: 834 688
Trade receivables measured at fair value through profit or loss 478 300
[Note 5.3] Tax assets 295 571
[Note 7.1] Derivatives 210 293
[Note 12.3] Other financial assets 210 280
[Note 12.3] Other non-financial assets 142 151
[Note 8.5] Cash and cash equivalents 2 522 1 016
[Note 9.8] Non-current assets held for sale 61
Current assets 8 733 7 740
TOTAL ASSETS 42 780 39 409
EQUITY AND LIABILITIES
[Note 8.2.1] Share capital 2 000 2 000
[Note 8.2.2] Other reserves from measurement of financial instruments, including: (1 430) ( 738)
[Note 9.8] Accumulated losses due to fair value measurement associated with non-current assets held for sale ( 21)
[Note 8.2.2] Accumulated other comprehensive income, other than from measurement of financial instruments 1 728 1 954
[Note 8.2.2] Retained earnings 18 694 16 894
Equity attributable to shareholders of the Parent Entity 20 992 20 110
Equity attributable to non-controlling interest 89 92
Equity 21 081 20 202
[Note 8.4.1] Borrowings, lease and debt securities 6 928 7 525
[Note 7.1] Derivatives 1 006 183
[Note 11.1] Employee benefits liabilities 3 016 2 613
[Note 9.4] Provisions for decommissioning costs of mines and other technological facilities 1 849 1 774
[Note 5.1.1] Deferred tax liabilities 442 445
[Note 12.4] Other liabilities 551 631
Non-current liabilities 13 792 13 171
[Note 8.4.1] Borrowings, lease and debt securities 407 348
[Note 7.1] Derivatives 688 91
[Note 10.3] Trade and similar payables 3 593 2 766
[Note 11.1] Employee benefits liabilities 1 313 1 150
[Note 5.3] Tax liabilities 537 433
Provisions for liabilities and other charges 162 222
[Note 12.4] Other liabilities 1 202 1 026
[Note 9.8] Liabilities associated with non-current assets held for sale 5
Current liabilities 7 907 6 036
Non-current and current liabilities 21 699 19 207
TOTAL EQUITY AND LIABILITIES 42 780 39 409

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