Current reports
Current report no. 2/2018
Estimation of the impact of one-off events on the consolidated financial results for 2017
Legal basis:
Art. 17 item 1 MAR – Inside information
Contents of the report:
Zespół Elektrowni Pątnów-Adamów-Konin SA ("the Company") informs about the estimation of the impact of one-off events on the consolidated net financial results for 2017
In the course of work on the consolidated financial statements of ZE PAK SA Capital Group, there were identified the one-off events in the mining segment that charged consolidated net result in the total amount of PLN 41 million.
The indicated amount consists of:
• reduction of deferred tax assets charged to the consolidated net result by PLN 19 million,
• creation of a write-down revaluating fixed assets under construction in the amount of PLN 22 million.
Both of the above events charging the consolidated net result are associated with the update of the financial projections for PAK KWB Adamów SA and they are connected with the deterioration of the economic perspective of the mine's operating efficiency, resulting inter alia, from the closure of Adamów Power Plant.
At the same time, the Company informs that the above-mentioned one-off events are non-cash, accounting, they neither affect the liquidity situation nor the amount of reported EBITDA.
Signatures of persons representing the Company:
Adam Kłapszta – President of the Management Board
Aneta Lato-Żuchowska – Vice President of the Management Board