Annual
report 2020
Annual
report 2020
Net financial debt is a measure of indebtedness used by the Management Board. Since the calculation of this aggregate is not defined by IFRS, the methodology adopted by the Group is presented below. Previous topic Next topic
(in PLN millions)
Note
At 31 December
2020At 31 December
2019
Loans from related party
20
5,99
6,442
Other financial liabilities at amortised cost
21
69
Derivatives – net (liabilities less assets)
23
(15)
30
Gross financial debt after derivatives
5,996
6,541
Cash and cash equivalents
22
(358)
(404)
Cash flow hedge reserve
(89)
(50)
Net financial debt
5,549
6,087
18. Finance income and expense
20. Loans from related party