Annual
report 2020
Annual
report 2020
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(in PLN millions)
12 months ended 31 December 2020
Financial assets
Lease liabilities
Financial liabilities at amortised cost
Derivatives
Non-financial items(3)
Total
At amortised
costAt fair value
through other comprehensive income(1)Hedging
Held for trading(2)
Interest income
29
4
–
–
–
–
–
33
Interest expense on lease liabilities
–
–
(62)
–
–
–
–
(62)
Other interest expense and financial charges, including:
–
–
–
(114)
(94)
(8)
–
(216)
− interest expense
–
–
–
(114)(4)
(92)
(8)
–
(214)
− ineffectiveness on derivatives hedging interest rate risk
–
–
–
–
(2)
–
–
(2)
Discounting expense
–
–
–
(29)
–
–
(14)
(43)
Foreign exchange gains/(losses)
2
–
(54)
(85)
66
17
–
(54)
Total finance costs, net
31
4
(116)
(228)
(28)
9
(14)
(342)
Interest income
11(5)
–
–
–
–
–
–
11
Impairment losses
(142)
(9)
–
–
–
–
–
(151)
Foreign exchange gains/(losses)
7
–
–
(18)
(1)
24
–
12
Labour expense
–
–
–
–
(2)
(2)
–
(4)
Items recognised under operating income
(124)
(9)
–
(18)
(3)
22
–
(132)
(1) Selected trade receivables arising from sales of mobile handsets in instalments (see Note 14.1).
(2) Derivatives economically hedging commercial or financial transactions.
(3) Includes mainly provisions and employee benefits.
(4) Includes mainly interest expense on loans from related party.
(5) Late payment interest on trade receivables.
(in PLN millions)
12 months ended 31 December 2019 (restated, see Notes 2.2, 33.4)
Financial assets
Lease liabilities
Financial liabilities at amortised cost
Derivatives
Non-financial items(3)
At amortised cost
At fair value through other comprehensive income(1)
Hedging
Held for trading(2)
Total
Interest income
37
3
–
–
–
–
–
40
Interest expense on lease liabilities
–
–
(66)
–
–
–
–
(66)
Other interest expense and financial charges, including:
–
–
–
(162)
(67)
(7)
–
(236)
− interest expense
–
–
–
(162)(4)
(76)
(7)
–
(245)
− ineffectiveness on derivatives hedging interest rate risk(5)
–
–
–
–
9
–
–
9
Discounting expense
–
–
–
(33)
–
1
(16)
(48)
Foreign exchange gains/(losses)
(1)
–
7
4
(4)
(4)
–
2
Total finance costs, net
36
3
(59)
(191)
(71)
(10)
(16)
(308)
Interest income/(expense)
12(6)
–
–
(1)
–
–
–
11
Impairment losses
(131)
(7)
–
–
–
–
–
(138)
Foreign exchange losses
(1)
–
–
(1)
–
(1)
–
(3)
Labour expense
–
–
–
–
3
2
–
5
Items recognised under operating income
(120)
(7)
–
(2)
3
1
–
(125)
(1) Selected trade receivables arising from sales of mobile handsets in instalments (see Note 14.1).
(2) Derivatives economically hedging commercial or financial transactions.
(3) Includes mainly provisions and employee benefits.
(4) Includes mainly interest expense on loans from related party.
(5) Hedging ineffectiveness results mainly from designation of non-zero fair value derivatives in hedge relationships.
(6) Late payment interest on trade receivables.
17.2. Cash-settled share-based payment plan
19. Net financial debt