Contents

• Annual Report
• Financial Statements
• Corporate Governance

Notes to the Consolidated Financial Statements – Contents

26. Borrowings and Debt Securities

in PLN m

	Note	Dec 31 2012	Dec 31 2011
Non-current		5,509	1,382
Bank borrowings	26.1., 26.2.	974	1,238
Debt securities	26.4.	4,399	-
Lease liabilities	26.5., 26.6.	136	144
Current		4,702	3,617
Bank borrowings	26.1., 26.2.	445	281
Non-bank borrowings	26.3.	10	-
Debt securities	26.4.	4,200	3,294
Lease liabilities	26.5., 26.6.	47	42
Total		10,211	4,999

26.1. Bank borrowings

in PLN m

Dec 31 2012

Currency	Interest rate	Amount in original currency	Carrying amount	including repayable in:
				2013	2014-2018	2019 and beyond
PLN	O/N Wibor+margin	53	53	53	-	-
PLN	1M Wibor+margin	107	107	90	5	12
PLN	3M Wibor+margin	72	72	5	36	31
USD	Libor+margin	371	1,140	283	857	-
EUR	Euribor+margin	12	47	14	33	-
Total			1,419	445	931	43

Dec 31 2011

Currency	Interest rate	Amount in original currency	Carrying amount	including repayable in:
				2011	2013-2017	2018 and beyond
PLN	1M Wibor+margin	105	105	95	9	1
PLN	3M Wibor+margin	14	14	-	14	-
USD	Libor+margin	409	1,380	171	1,209	-
EUR	Euribor+margin	4	20	15	5	-
Total			1,519	281	1,237	1

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The Group also had access to other credit facilities, which are presented in the note below.

26.2. Obtained credit facilities and amounts available under the facilities

in PLN m

	Dec 31 2012	Dec 31 2011
Credit facilities obtained	1,585	1,822
Amounts drawn	1,191	1,460
Undrawn amounts	394	362

26.3. Non-bank borrowings

Dec 31 2012

in PLN m

Currency	Interest rate	Amount in original currency	Carrying amount	including repayable in:
				2013	2014-2018	2019 and beyond
PLN	1M Wibor+margin	10	10	10	-	-
Total			10	10	-	-

Dec 31 2011

No non-bank borrowings were outstanding as at December 31st 2011.

26.4. Debt securities

in PLN m

Dec 31 2012

Currency	Interest rate	Amount in original currency	Carrying amount	including repayable in:
				2013	2014-2018	2019 and beyond
PLN	4.48%-5.38%	1,164	1,164	1,164	-	-
PLN	1M Wibor+margin	2,294	2,294	2,294	-	-
PLN	6M Wibor+margin	3,032	3,032	668	2,364	-
EUR	4%	515	2,109	74	2,035	-
Total			8,599	4,200	4,399	-

Dec 31 2011

Currency	Interest rate	Amount in original currency	Carrying amount	including repayable in:
				2012	2013-2017	2018 and beyond
PLN	1M Wibor+margin	3,294	3,294	3,294	-	-
Total			3,294	3,294	-	-

26.5. Finance lease liabilities

in PLN m

Dec 31 2012

Currency	Interest rate	Amount in original currency	Carrying amount
PLN	3%-6%	9	9
PLN	1M Wibor+margin	20	20
PLN	7%-10.6%	44	44
USD	Libor+margin	28	88
USD	6% on average	4	13
EUR	Euribor+margin	1	3
CHF	5%-7%	2	6
Total			183

Dec 31 2011

Currency	Interest rate	Amount in original currency	Carrying amount
PLN	4%-6%	8	8
PLN	1M Wibor+margin	18	18
PLN	7%-10%	24	24
USD	Libor+margin	31	106
USD	8% on average	5	18
CHF	8% on average	3	12
Total			186

26.6. Maturity of finance lease liabilities (disclosed in liabilities)

in PLN m

Dec 31 2012

Maturing in:	(Discounted) payments disclosed in the statement of financial position	Interest	Actual lease payments due
up to 1 year	47	2	48
from 1 to 5 years	123	5	129
over 5 years	13	1	14
Total	183	8	191

Dec 31 2011

Maturing in:	(Discounted) payments disclosed in the statement of financial position	Interest	Actual lease payments due
up to 1 year	42	3	46
from 1 to 5 years	103	5	108
over 5 years	41	-	41
Total	186	8	195

Polish Oil & Gas Company (PGNiG SA) KRS 0000059492, NIP 525-000-80-28, share capital 5,900,000,000 PLN – fully paid Headquarters – 25 M. Kasprzaka Street, 01-224 Warsaw, Poland Phone: +48 22 589 45 55, Fax: +48 22 691 82 73