Annual
report 2020

29. Investment commitments

Investment commitments contracted for at the end of the reporting period but not recognised in the consolidated financial statements were as follows:

(in PLN millions) At 31 December
2020
At 31 December
2019
Property, plant and equipment 642 810
Intangibles 88 68
Total investment commitments 730 878
Amounts contracted to be payable within 12 months after the end of the reporting period 645 543

Investment commitments relate mainly to development of telecommunications network, purchases of telecommunications network equipment, IT systems and other software.

As at 31 December 2020 and 2019, the Group’s commitments for the purchase of property, plant and equipment and intangible assets under the Operational Programme “Digital Poland” (see Note 16.2), contracted for at the end of the reporting period but not recognised in the consolidated financial statements amounted to PLN 310 million and PLN 449 million, respectively.

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