• CLEAN AND ENVIRONMENTALLY FRIENDLY Natural gas is the cleanest and most environmentally friendly of all fossil fuels...Read more

  • WELL DRILLING PADThe size of a typical drilling pad is about 1 hectare. To compare, the floorage of an average shopping centre is 4.5 hectares... Read more

  • SECURING OF WELL DRILLING PADA drilling pad as well as the adjacent pool are reinforced and tightened with concrete slabs. Protective foil is additionally laid where necessary.

  • WORK NOISEWell drilling does not produce onerous noise. The intensity of sounds generated in connection with drilling work is lower than that generated by street traffic.Read more

  • SAFETY OF FRACTURING PROCESSIn Poland, exploration wells in shale rock are drilled to depths of over 2.5 km.Read more

  • COMPOSITION OF FRACTURING FLUIDFracturing fluid is 95% water. Read more

  • NO MAJOR LANDSCAPE INTERFERENCEIf gas production is launched, the land surrounding the isolated, secured zone, is subject to a reclamation treatment. Read more

Notes to the Consolidated Financial Statements – Contents

5. Finance Income and Costs

in PLN m

  Period from Jan 1 – Dec 31 2012 Period from Jan 1 – Dec 31 2011
Finance income 216 135
Interest income 66 53
Foreign exchange gains 139  - 
Revaluation of investments  -  1
Gain on disposal of investments 5 73
Dividends and other profit distributions 4 3
Other finance income 2 5
Finance costs (380) (152)
Loss on valuation and execution of forwards (29)  - 
Interest expenses (315) (35)
Foreign exchange losses  -  (92)
Revaluation of investments  -  (6)
Commission fees paid on bank borrowings (19) (9)
Costs of guarantees received (4) (3)
Other finance costs (13) (7)
Net finance income/costs (164) (17)