32. Subsequent events

On the basis of an annual review of estimated useful lives of fixed assets, the Group decided to extend useful lives for certain items of software from 2021. As a result, amortisation expense in 2021 relating to these assets is expected to be lower by approximately PLN 117 million.

On 29 January 2021, the Group and Atlas Services Belgium S.A., a subsidiary of Orange S.A., concluded a Loan Agreement for PLN 2,700 million with repayment date in June 2026, which will refinance the Loan Agreement for PLN 2,700 million expiring in June 2021.