Notes to the Consolidated Financial Statements – Contents

11. Property, Plant and Equipment

in PLN m

Dec 31 2013 Dec 31 2012
Land 77 70
Buildings and structures 17,188 16,522
Plant and equipment 8,663 4,530
Vehicles and other 1,213 1,244
Total tangible assets 27,141 22,366
Tangible assets under construction – exploration for and evaluation of mineral resources 2,102 2,371
Other tangible assets under construction 3,790 9,047
Total property, plant and equipment 33,033 33,784
Download Excel file

Tangible Assets

in PLN m

Dec 31 2013 Land Buildings and structures Plant and equipment Vehicles and other Total
Total net carrying amount as at Jan 1 2013, net of accumulated depreciation and impairment losses 70 16,522 4,530 1,244 22,366
Increase 1 36 33 4 74
Decrease - (611) (54) (12) (677)
Currency translation differences - - (284) - (284)
Transfers from tangible assets under construction and between asset groups 6 2,376 5,409 187 7,978
Impairment losses - (37) (19) (1) (57)
Depreciation expense for the reporting period - (1,098) (952) (209) (2,259)
Net carrying amount as at Dec 31 2013, net of accumulated depreciation and impairment losses 77 17,188 8,663 1,213 27,141
As at Jan 1 2013
Gross value 72 25,430 7,470 2,366 35,338
Accumulated depreciation and impairment losses (2) (8,908) (2,940) (1,122) (12,972)
Net carrying amount as at Jan 1 2013 70 16,522 4,530 1,244 22,366
As at Dec 31 2013
Gross value 79 27,169 12,528 2,424 42,200
Accumulated depreciation and impairment losses (2) (9,981) (3,865) (1,211) (15,059)
Net carrying amount as at Dec 31 2013 77 17,188 8,663 1,213 27,141
Dec 31 2012 Land Buildings and structures Plant and equipment Vehicles and other Total
As at Jan 1 2012, net of accumulated depreciation and impairment losses 58 14,663 2,480 1,054 18,255
Increase  -  367 10 3 380
Changes in the Group 8 803 1,606 7 2,424
Decrease (1) (133) (19) (19) (172)
Currency translation differences  -   -  1 (1)  - 
Transfers from tangible assets under construction and between groups 5 2,008 1,039 395 3,447
Impairment losses  -  (175) (28) 7 (196)
Depreciation expense for the reporting period  -  (1,011) (559) (202) (1,772)
As at Dec 31 2012, net of accumulated depreciation and impairment losses 70 16,522 4,530 1,244 22,366
As at Jan 1 2012
Gross value 60 22,411 4,887 2,019 29,377
Accumulated depreciation and impairment losses (2) (7,748) (2,407) (965) (11,122)
Net carrying amount as at Jan 1 2012 58 14,663 2,480 1,054 18,255
As at Dec 31 2012
Gross value 72 25,430 7,470 2,366 35,338
Accumulated depreciation and impairment losses (2) (8,908) (2,940) (1,122) (12,972)
Net carrying amount as at Dec 31 2012 70 16,522 4,530 1,244 22,366
Download Excel file

11.1. Property, plant and equipment used under finance lease agreements

The PGNiG Group uses the following property, plant and equipment under finance lease agreements as a lessee.

in PLN m

Dec 31 2013 Dec 31 2012
Initial value of capitalised finance lease Accumulated depreciation Impairment loss  Net carrying amount Initial value of capitalised finance lease Accumulated depreciation Impairment loss Net carrying amount
Plant and equipment 245 (68) (1) 176 225 (46) - 179
Vehicles and other 42 (10) - 32 50 (9) - 41
Total 287 (78) (1) 208 275 (55) - 220
Download Excel file

11.2. Impairment losses on property, plant and equipment

in PLN m

Land Buildings and structures Plant and equipment Vehicles and other Total tangible assets Tangible assets under construction - exploration for and evaluation of mineral resources Other tangible assets under construction Total property, plant and equipment
As at Jan 1 2013 2 636 147 11 796 335 74 1,205
Increase 1 395 60 4 460 521 21 1,002
Decrease (1) (347) (41) (3) (392) (83) (30) (505)
Transfers - (11) - - (11) - - (11)
Currency translation differences - - - - - (13) - (13)
As at Dec 31 2013 2 673 166 12 853 760 65 1,678
As at Jan 1 2012 2 461 119 18 600 299 152 1,051
Increase 1 357 74 5 437 138 24 599
Decrease (1) (182) (45) (11) (239) (155) (72) (466)
Transfers - - - - - 53 (53) -
Currency translation differences - - (1) (1) (2) - - (2)
Changes in the Group - - - - - - 23 23
As at Dec 31 2012 2 636 147 11 796 335 74 1,205
Download Excel file

As at the beginning of the period, impairment losses on tangible assets were PLN 796m, of which:

Impairment losses recognised and reversed in the reporting period amounted to PLN 449m and PLN 392m respectively, of which PLN 435m and PLN 378m, respectively, concerned assets used directly in hydrocarbon production, with the balance attributable to other tangible assets used by the Group.
As at the end of the period, impairment losses on tangible assets were PLN 853m, of which:

left arrow Previous note Next note right arrow