Raport PGNiG 2014

26. Provisions

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	Provision for well decommissioning costs	Provision for penalty imposed by the Office of Competition and Consumer Protection	Provision for environmental liabilities	Provision for claims under extra-contractual use of land	Provision for liabilities associated with exploration work in Pakistan, Egypt and Libya	Provision for certificates of origin and energy savings certificates	Other provisions	Total
As at Jan 1 2014	1,254	60	87	81	153	134	281	2,050
Increase	439	-	7	6	24	228	114	818
Used/reversed	(74)	-	-	-	(14)	(134)	(114)	(336)
Currency translation differences	(11)	-	-	-	1	-	1	(9)
As at Dec 31 2014	1,608	60	94	87	164	228	282	2,523

As at Jan 1 2013	1,661	60	94	77	28	-	222	2,142
Increase	68	-	-	33	148	134	171	554
Used/reversed	(461)	-	(7)	(29)	(22)	-	(111)	(630)
Currency translation differences	(14)	-	-	-	(1)	-	(1)	(16)
As at Dec 31 2013	1,254	60	87	81	153	134	281	2,050

Non-current	1,580	-	86	45	4	-	88	1,803
Current	28	60	8	42	160	228	194	720
As at Dec 31 2014	1,608	60	94	87	164	228	282	2,523

Non-current	1,226	-	76	43	9	-	51	1,405
Current	28	60	11	38	144	134	230	645
As at Dec 31 2013	1,254	60	87	81	153	134	281	2,050

With respect to the costs of decommissioning of wells and site infrastructure in Poland, in 2014 the discount rate applied to calculate the provision for decommissioning costs was 0.01%, as the resultant of the 2.51% rate of return on assets and the inflation rate assumed at the NBP’s continuous inflation target of 2.50% (as at the end of 2013, the discount rate was 1.8%, as the resultant of 4.35% and 2.50%, respectively).

At the end of 2014, PUI, a subsidiary operating in Norway, applied the following rates to calculate the provision for production infrastructure decommissioning costs: inflation rate at 2.00% and nominal discount rate at 4.67%.

Employee benefit obligations

Deferred revenue