INTEGRATED REPORT 2019
1. General information about the TAURON Polska Energia S.A. Capital Group and its Parent
2. Composition of the TAURON Capital Group and joint ventures
2.1. Assuming control over companies operating wind farms owned by the in.ventus group
2.2. Other changes in the TAURON Group
3. Statement of compliance
4. Going Concern
5. Functional and Presentation Currency
6. Accounting principles (policy) and material values based on professional judgment and estimates
7. Standards, amendments to standards and interpretations which have been published but are not yet effective
8. Changes in the accounting policies
8.1. Application of new standards, amendments to standards and interpretation
8.2. Other changes in accounting and presentation principles applied by the Group
9. Information on operating segments
9.1. Operating segments
9.2. Geographic areas of operations
10. Impairment of Non-Financial Assets
11. Sales revenue
12. Recompensation revenue
13. Cost of goods, products, materials and services sold (cost of sales)
13.1. Expenses by type
13.2. Employee benefits expenses
13.3. Depreciation and amortization charges and impairment losses
14. Other operating revenue and expenses
15. Finance income and costs
16. Costs arising from leases
17. Income tax
17.1. Tax expense in the statement of comprehensive income
17.2. Reconciliation of the effective tax rate
17.3. Deferred income tax
18. Earnings (loss) per share
19. Property, plant and equipment
20. Right-of-use assets
21. Goodwill
22. Energy certificates and CO2 emission allowances
22.1. Long-term energy certificates and CO2 emission allowances
22.2. Short-term energy certificates and CO2 emission allowances
22.3. Balance of CO2 emission allowances recorded in the Union Registry
23. Other Intangible Assets
24. Investments in joint ventures
25. Loans granted to joint ventures
26. Other financial assets
27. Other non-financial assets
27.1. Other non-current non-financial assets
27.2. Other current non-financial assets
28. Inventories
29. Receivables from buyers
30. Income tax receivables
31. Receivables arising from other taxes and charges
32. Cash and cash equivalents
33. Equity
33.1. Issued capital
33.2. Shareholder rights
33.3. Reserve capital
33.4. Retained earnings and accumulated losses and restrictions on dividend payment
33.5. Revaluation reserve from valuation of hedging instruments
33.6. Non-controlling interest
34. Dividends paid
35. Debt
35.1. Loans and borrowings
35.2. Bonds issued
35.3. Debt agreement covenants
35.4. Lease liabilities
36. Provisions for employee benefits
36.1. Provisions for post-employment benefits and jubilee bonuses
36.2. Provisions for employment termination benefits and other provisions for employee benefits
37. Provisions for dismantling fixed assets, restoration of land and other provisions
37.1. Provision for mine decommissioning costs
37.2. Provision for restoration of land and dismantling and removal of fixed assets
38. Provisions for liabilities due to CO2 emission allowances and energy certificates
38.1. Provision for CO2 emission liabilities
38.2. Provision for the obligation to surrender energy certificates
39. Other provisions
39.1. Provision for use of real estate without contract
39.2. Provisions for onerous contracts
39.3. Provisions for counterparty claims, court disputes and other provisions
40. Accruals, deferred income and government grants
40.1. Deferred income and government grants
40.2. Accrued expenses
41. Liabilities to suppliers
42. Capital commitments
43. Liabilities arising from other taxes and charges
44. Other financial liabilities
45. Other current non-financial liabilities
46. Significant items of the consolidated statement of cash flows
46.1. Cash flows from operating activities
46.2. Cash from/used in investing activities
46.3. Cash from/used in financing activities
47. Financial instruments
47.1. Carrying amount and fair value of financial instrument classes and categories
47.2. Revenue, expenses, gain and loss items included in the statement of comprehensive income by category of financial instruments
47.3. Derivative instruments and hedge accounting
48. Principles and objectives of financial risk management
48.1. Credit risk
48.1.1. Credit risk related to receivables from buyers
48.1.2. Credit risk related to other financial receivables
48.1.3. Credit risk related to cash and cash equivalents and derivatives instruments
48.1.4. Credit risk related to loans granted
48.2. Liquidity risk
48.3. Market risk
48.3.1. Interest rate risk
48.3.2. Currency risk
48.3.3. Raw material and commodity price risk related to commodity derivative instruments and price risk related to units
49. Operational risk
50. Contingent liabilities
51. Security for liabilities
52. Related-party disclosures
52.1. Transactions with joint ventures
52.2. Transactions with State Treasury companies
52.3. Compensation of the executives
53. Finance and capital management
54. Fee of the certified auditor or the entity authorized to audit financial statements
55. Other material information
56. Events after the end of the reporting period