Operating Segments
The tables below present revenue, costs and profits/(losses), as well as assets, equity and liabilities of the Group’s reporting segments for the years ended December 31st 2013 and December 31st 2012.
| Year ended December 31st 2013 | Exploration and Production | Trade and Storage |
Distribution | Generation | Other segments | Eliminations | Total |
|---|---|---|---|---|---|---|---|
| (PLN m) | |||||||
| Income statement | |||||||
| Sales to third-party customers | 4,656 | 25,341 | 165 | 1,658 | 300 | - | 32,120 |
| Inter-segment sales | 1,605 | 318 | 4,085 | 405 | 124 | (6,537) | - |
| Segment’s total revenue | 6,261 | 25,659 | 4,250 | 2,063 | 424 | (6,537) | 32,120 |
| Depreciation and amortisation expense | (1,050) | (177) | (857) | (359) | (20) | - | (2,463) |
| Other costs | (2,880) | (25,490) | (2,654) | (1,560) | (469) | 6,545 | (26,508) |
| Segment’s total costs | (3,930) | (25,667) | (3,511) | (1,919) | (489) | 6,545 | (28,971) |
| Segment’s operating profit/(loss) | 2,331 | (8) | 739 | 144 | (65) | 8 | 3,149 |
| Net finance costs | (396) | ||||||
| Share in net profit/(loss) of equity-accounted entities | (44) | (44) | |||||
| Profit/(loss) before tax | 2,709 | ||||||
| Income tax | (789) | ||||||
| Net profit/(loss) | 1,920 | ||||||
| Statement of financial position | |||||||
| Segment’s assets | 15,364 | 17,344 | 14,067 | 4,124 | 411 | (6,244) | 45,066 |
| Investments in equity-accounted entities | 727 | 727 | |||||
| Unallocated assets | 358 | ||||||
| Deferred tax assets | 993 | ||||||
| Total assets | 47,144 | ||||||
| Total equity | 28,453 | ||||||
| Segment’s liabilities | 4,954 | 4,634 | 2,879 | 1,943 | 187 | (5,847) | 8,750 |
| Unallocated liabilities | 7,971 | ||||||
| Deferred tax liabilities | 1,970 | ||||||
| Total liabilities and equity | 47,144 | ||||||
| Other information | |||||||
| Capital expenditure on property, plant and equipment and intangible assets | (1,630) | (341) | (1,110) | (203) | (13) | 7 | (3,290) |
| Impairment losses on assets | (1,642) | (1,479) | (115) | (34) | (20) | - | (3,290) |
| Impairment losses on unallocated assets | (45) | ||||||
| Year ended December 31st 2012 | Exploration and Production | Trade and Storage |
Distribution | Generation | Other segments | Eliminations | Total |
|---|---|---|---|---|---|---|---|
| (PLN m) | |||||||
| Income statement | |||||||
| Sales to third-party customers | 3,121 | 23,354 | 153 | 1,893 | 209 | - | 28,730 |
| Inter-segment sales | 1,204 | 360 | 3,430 | 64 | 237 | (5,295) | - |
| Segment’s total revenue | 4,325 | 23,714 | 3,583 | 1,957 | 446 | (5,295) | 28,730 |
| Depreciation and amortisation expense | (613) | (163) | (819) | (456) | (18) | - | (2,069) |
| Other costs | (2,358) | (23,219) | (1,884) | (1,486) | (456) | 5,282 | (24,121) |
| Segment’s total costs | (2,971) | (23,382) | (2,703) | (1,942) | (474) | 5,282 | (26,190) |
| Segment’s operating profit/(loss) | 1,354 | 332 | 880 | 15 | (28) | (13) | 2,540 |
| Net finance costs | (164) | ||||||
| Share in net profit/(loss) of equity-accounted entities | 173 | 173 | |||||
| Profit/(loss) before tax | 2,549 | ||||||
| Income tax | (309) | ||||||
| Net profit/(loss) | 2,240 | ||||||
| Statement of financial position | |||||||
| Segment’s assets | 16,580 | 18,711 | 13,089 | 4,345 | 413 | (7,269) | 45,869 |
| Investments in equity-accounted entities | 771 | 771 | |||||
| Unallocated assets | 153 | ||||||
| Deferred tax assets | 1 136 | ||||||
| Total assets | 47,929 | ||||||
| Total equity | 27,197 | ||||||
| Segment’s liabilities | 5,840 | 3,970 | 2,279 | 2,870 | 129 | (6,934) | 8,154 |
| Unallocated liabilities | 10,642 | ||||||
| Deferred tax liabilities | 1,936 | ||||||
| Total liabilities and equity | 47,929 | ||||||
| Other information | |||||||
| Capital expenditure on property, plant and equipment and intangible assets | (1,676) | (720) | (1,141) | (196) | (28) | (27) | (3,788) |
| Impairment losses on assets | (1,132) | (1,686) | (97) | (33) | (9) | 1 | (2,956) |
| Impairment losses on unallocated assets | (41) | ||||||