• 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

13. Intangible Assets

in PLN m

Dec 31 2012 Development expenses Goodwill* Perpetual usufruct right to land – acquired for consideration** Computer software CO2 emission allowances Other intangible assets Total
As at Jan 1 2012, net of accumulated amortisation and impairment losses 2  -  71 136  -  134 343
Increase  -   -   -   -  54 56 110
Changes in the Group  -  44 598 4 190 58 894
Decrease  -   -  (1) (1) (32) -  (34)
Currency translation differences  -   -   -   -   -  (3) (3)
Transfers from tangible assets under construction and between groups  -   -  7 132  -  1 140
Impairment losses  -   -   -   -   -  (8) (8)
Amortisation expense for the reporting period (1)  -  (3) (58) (162) (72) (296)
As at Dec 31 2012, net of accumulated amortisation and impairment losses 1 44 672 213 50 166 1,146
As at Jan 1 2012
Gross value 5  -  84 308  -  178 575
Accumulated amortisation and impairment losses (3)  -  (13) (172)  -  (44) (232)
Net carrying amount as at Jan 1 2012 2  -  71 136  -  134 343
As at Dec 31 2012 
Gross value 5 44 688 438 212 318 1,705
Accumulated amortisation and impairment losses (4)  -  (16) (225) (162) (152) (559)
Net carrying amount as at Dec 31 2012 1 44 672 213 50 166 1,146

* PLN 42m relates to acqiusition of PGNiG Termika S.A., and the remaining PLN 2m represents goodwill on acquisition of Xool Gmbh.

** The Group also holds perpetual usufruct right to land obtained free of charge, which is disclosed exclusively as an off-balance-sheet item. As at December 31st 2012, the estimated value of the usufruct right was PLN 493m (end of 2011: PLN 493m).

PLN 42m relates to acqiusition of PGNiG Termika S.A., and the remaining PLN 2m represents goodwill on acquisition of Xool Gmbh.
The Group also holds perpetual usufruct right to land obtained free of charge, which is disclosed exclusively as an off-balance-sheet item. As at December 31st 2012, the estimated value of the usufruct right was PLN 493m (end of 2011: PLN 493m).
Dec 31 2011 Development expenses Goodwill Perpetual usufruct right to land – acquired for consideration Computer software CO2 emission allowances Other intangible assets Total
As at Jan 1 2011, net of accumulated amortisation and impairment losses 2  -  74 120  -  102 298
Increase  -   -   -   -   -  5 5
Decrease  -   -  (1)  -   -  -  (1)
Transfers from tangible assets under construction and between groups 1  -  1 57  -  35 94
Impairment losses  -   -   -   -   -  -   - 
Amortisation expense for the reporting period (1)  -  (3) (41)  -  (8) (53)
As at Dec 31 2011, net of accumulated amortisation and impairment losses 2  -  71 136  -  134 343
As at Jan 1 2011
Gross value 4  -  104 255  -  139 502
Accumulated amortisation and impairment losses (2)  -  (30) (135)  -  (37) (204)
Net carrying amount as at Jan 1 2011 2  -  74 120  -  102 298
As at Dec 31 2011 
Gross value 5  -  84 308  -  178 575
Accumulated amortisation and impairment losses (3)  -  (13) (172)  -  (44) (232)
Net carrying amount as at Dec 31 2011 2  -  71 136  -  134 343
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13.1. Impairment losses on intangible assets

in PLN m

  Development expenses Goodwill Perpetual usufruct right to land – acquired for consideration Computer software CO2 emission allowances Other intangible assets Total
As at Jan 1 2012  -   -  3  -   -  -  3
Increase  -   -   -   -   -  8 8
Decrease  -   -   -   -   -  -   - 
As at Dec 31 2012  -   -  3  -   -  8 11
As at Jan 1 2011  -   -  3  -   -  -  3
Increase  -   -  -   -   -   - - 
Decrease  - - - - - - -
As at Dec 31 2011  -   -  3  -   -  -  3
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