• 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

12. Investment Property

in PLN m

Dec 31 2012 Dec 31 2011
At beginning of the period, net of accumulated depreciation and impairment losses 7 10
Changes in the Group 6  - 
Decrease (1)  - 
Transfer from/to property, plant and equipment  -  (2)
Depreciation expense for the reporting period (1) (1)
At end of the period, net of accumulated depreciation and impairment losses 11 7
At beginning of the period
Gross value 11 14
Accumulated depreciation and impairment losses (4) (4)
Net carrying amount 7 10
At end of the period
Gross value 15 11
Accumulated depreciation and impairment losses (4) (4)
Net carrying amount 11 7
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The Group’s investment property includes office/amenity buildings partly held for rent, industrial buildings and structures, and land. At the end of the reporting period, the net carrying amount of the office/amenity buildings classified as investment property was PLN 9m (end of 2011: PLN 4m), and the net carrying amount of the industrial buildings and structures was PLN 2m (end of 2011: PLN 3m).

In the reporting period, the Group derived PLN 7m in revenue from rental of investment property (2011: PLN 5m).

Operating expenses incurred in connection with the rental of investment property were PLN 4m in the reporting period (2011: PLN 3m).

As investment property is not a significant item in the statement of financial position, the Group does not measure its fair value.

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