Table. Separate statement of comprehensive income
| in PLN thousand | Note | For the year ended 31 December 2020 |
For the year ended 31 December 2019 |
|---|---|---|---|
| current period | previous period (transformed data) |
||
| Revenue from sales | 723 539 | 656 800 | |
| Cost of sales | -716 236 | -577 445 | |
| Gross profit on sales | 7 303 | 79 355 | |
| Other operating income | 56 517 | 8 942 | |
| Selling and distribution expenses | -12 816 | -12 726 | |
| General and administrative expenses | -40 486 | -35 757 | |
| Other operating expenses | -10 835 | -7 027 | |
| Operating profit/(loss) | -317 | 32 787 | |
| Finance income | 3 001 | 4 040 | |
| including: interest income | 2 988 | 4 039 | |
| Finance expenses | -2 962 | -3 507 | |
| Net finance income | 39 | 533 | |
| Profit/(loss) before income tax | -278 | 33 320 | |
| Income tax | -158 | -6 866 | |
| Net profit/(loss) | -436 | 26 454 | |
| Other comprehensive income, net of tax | -175 | -684 | |
| Items that will not be reclassified to profit or loss | |||
| Actuarial gains/(loss) related to employee benefits | -216 | -844 | |
| Income tax relating to items in other comprehensive income | 41 | 160 | |
| Total comprehensive income | -611 | 25 770 | |
| Basic and diluted earnings per share (in PLN) | -0,03 | 1,78 | |
Koszt własny sprzedaży
Table. Revenues from sale
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Revenues from the sale of finished goods | 651 420 | 626 881 |
| Revenue from sale, distribution and trade of electricity | 223 867 | 244 684 |
| Revenue from sale and distribution of heat | 417 035 | 371 885 |
| Revenue from energy origin certificates | 3 941 | 4 466 |
| Revenue from support for high-efficiency gas cogeneration | 1 131 | - |
| Revenue from rental of investment property | 4 907 | 4 101 |
| Other revenue from sale of products | 539 | 1 745 |
| Revenues from the sale of merchandise and raw materials | 72 119 | 29 919 |
| Revenue from resale of electricity | 53 151 | 24 905 |
| Revenues from sale of CO2 emission right | 18 725 | 4 138 |
| Revenue from sale of merchandise and raw materials | 243 | 876 |
| 723 539 | 656 800 |
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Revenue from contracts with customers | 771 960 | 652 699 |
| Revenues from sale of finished goods, merchandise and raw materials | 718 632 | 652 699 |
| Revenue from contracts with customers recognized in other operating revenues | 53 328 | - |
| Revenue from rental of investment property | 4 907 | 4 101 |
| 776 867 | 656 800 |
Koszt własny sprzedaży
Table. Cost of goods, merchandise and raw material sold
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Cost of goods sold | -650 772 | -548 061 |
| Cost of merchandise and raw materials sold | -65 464 | -29 384 |
| -716 236 | -577 445 |
Table. Expenses by nature
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Depreciation, amortisation and impairment losses | -126 935 | -112 011 |
| Materials and energy | -261 223 | -256 784 |
| External services | -92 423 | -82 523 |
| Taxes and charges, including: | -168 165 | -90 079 |
| CO2 allowances | -144 090 | -70 491 |
| Costs of employee benefits | -50 731 | -48 989 |
| Other expenses by nature | -4 597 | -6 158 |
| Total expenses by nature | -704 074 | -596 544 |
| Cost of merchandise and raw materials sold | -65 464 | -29 384 |
| Total cost of goods, merchandise and raw material sold, distribution expenses and general and administrative expenses | -769 538 | -625 928 |
| Distribution expenses | 12 816 | 12 726 |
| General and administrative expenses | 40 486 | 35 757 |
| Cost of sales | -716 236 | -577 445 |
Table. Employee benefits costs
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Payroll expenses | -39 629 | -37 002 |
| Social security contributions | -7 841 | -7 360 |
| Change in employee benefits | -900 | 1 285 |
| Cost of Voluntary Leave Programme | -1 141 | -1 304 |
| Other post-employment benefits | -75 | -67 |
| Other employee benefits | -4 933 | -4 541 |
| -54 519 | -48 989 | |
| Payroll costs reclassified to capital expenditures | 3 788 | |
| -50 731 | -48 989 |
Pozostałe przychody operacyjne
Table. Other operating income
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Penalties, fines and compensations | 1 965 | 329 |
| Settlement of grants received | 3 420 | 3 025 |
| Reversal of impairment losses on inventories and receivables | 97 | 154 |
| Revenue from the sale of CO2 emission allowances from the pool of undistributed CO2 emission allowances, adjusted by the valuation | 49 285 | 4 043 |
| Gain on disposal of property, plant and equipment | 12 | 230 |
| Sale of scrap | 336 | 179 |
| Lease revenues | 820 | 857 |
| Other | 582 | 125 |
| 56 517 | 8 942 |
Table. Other operating costs
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Impairment loss on inventory and receivables | -3 078 | -260 |
| Provision for recultivation of ash storages | -4 680 | -5 163 |
| Provision for the other costs | -1 864 | - |
| Write off of fixed assets under construction | -153 | - |
| Inventory variances | - | -157 |
| Donations | -392 | -495 |
| Penalties, compensations and fines paid | -30 | -239 |
| Maintenance expenses of ESP Młoty | -60 | -69 |
| Costs of leased assets | -489 | -471 |
| Other | -89 | -173 |
| -10 835 | -7 027 |
Przychody finansowe netto
Table. Net finance income
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 (transformed data) |
|---|---|---|
| Interest income on loans, receivables and on bank deposits | 2 765 | 3 837 |
| Interest on leasing | 223 | 202 |
| Other finance income | 13 | 1 |
| Total finance income | 3 001 | 4 040 |
| Interest expense on financial liabilities | -2 292 | -2 256 |
| Other interest expense on financial liabilities | -24 | -567 |
| Interest related to employee benefits | -129 | -157 |
| Other finance expenses | -517 | -527 |
| Total finance expenses | -2 962 | -3 507 |
| Net finance income | 39 | 533 |
Podatek dochodowy
Table. Income tax recognized in the statement of comprehensive income
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 |
|---|---|---|
| Income tax | -12 368 | -5 079 |
| Deferred tax | 12 210 | -1 787 |
| Income tax relating to items in other comprehensive income | 41 | 160 |
| Income tax recognized in the statement of comprehensive income | -117 | -6 706 |
Table. Effective tax rate
| For the year ended 31 December 2020 |
For the year ended 31 December 2020 |
For the year ended 31 December 2019 |
For the year ended 31 December 2019 |
|
|---|---|---|---|---|
| % | PLN thousand | % | PLN thousand | |
| Profit/(loss) before income tax | -278 | 33 320 | ||
| Income tax using the Company’s binding tax rate | 19,00% | 53 | 19,00% | -6 331 |
| Non-deductible expenses (permanent differences) | -373,82% | -1 042 | 3,69% | -1 229 |
| Tax exempt income (permanent differences) | 296,08% | 825 | -2,08% | 694 |
| Settlement of CIT-8 declarations | 2,08% | 6 | 0,0% | - |
| -56,65% | -158 | 20,62% | -6 866 | |
Zysk przypadający na jedną akcję
Table. Earnings per share
| in PLN thousand | For the year ended 31 December 2020 |
For the year ended 31 December 2019 |
|---|---|---|
| Net profit/(loss) for the period 1 January 2019 to shareholders | 26 454 | 77 036 |
| Weighted average number of ordinary shares as at closing balance (in thousands of shares) |
14 900 | 14 900 |
| Net profit/(loss) for the period 1 January 2019 to shareholders per ordinary share (in PLN) | -0,03 | 1,78 |