Integrated
Annual Report 2011

Feedback

PDF ↓ download Report

Grupa LOTOS S.A. - Integrated Annual Report 2011
skip nav

23. Non-current financial assets

      • Facebook
      • Twitter
      • LinkedIn
      • Google+
      • E-mail
PLN '000 Dec 31 2011 Dec 31 2010
(restated)
Shares in other entities 9,746 9,915
Positive valuation of derivative
financial instruments:
12,098 19,408
- futures (COemissions) - 580
- interest rate swap (IRS) 12,098 18,828
Other non-current financial assets 74,345 24,776
- decommissioning fund 24,491 21,668
- deposits (1) 38,106 -
- security deposits (margins) (2) 11,748 3,108
Total 96,189 54,099

(1) Deposits of PLN 38,106 thousand have been earmarked for financing of an overhaul shutdown planned at Grupa LOTOS S.A. in 2013, as provided for in the credit agreements executed to finance the 10+ Programme.

(2) Security deposits (margins) include PLN 9,637 thousand (December 31st 2010: PLN 998 thousand) which has been provided by Grupa LOTOS S.A. as margin to Marex Financial, a brokerage firm, to enable execution of transactions on the ICE Futures Internet platform.

  

This is a translation of a document originally issued in Polish.