Current reports
Current report no. 20/2023
Information on the intention to recognize one-off events in the financial statements for the first half of 2023
Legal basis:
Art. 17 sec. 1 MAR – inside information
Contents of the report:
ZE PAK SA („Company”), in connection with the work on the financial statements for the first half of 2023, publishes information on the identification of one-off events in the second quarter of 2023, affecting the results of ZE PAK SA Capital Group.
The events concern subsidiaries of PAK-Polska Czysta Energia sp. z o.o. (PAK-PCE) and result from: (1) including one-off adjustments in relation to settlements for the sale of electricity and heat in the costs of the second quarter of 2023 and (2) recognizing the valuation of PPA (Power Purchase Agreement) contracts for the sale of energy concluded between PAK-PCE's subsidiaries and Cyfrowy Polsat SA (CP).
The factors listed above had a non-cash, negative impact on the results and their total estimated impact on EBITDA is PLN 56.4 million.
The Company's Management Board emphasizes that after July 3, 2023 (i.e. after CP takes over control of PAK-PCE), the Company will consolidate PAK-PCE's result according to its share in the structure.
Signatures of persons representing the Company:
Piotr Woźny – President of the Management Board
Maciej Nietopiel – Vice President of the Management Board
Zygmunt Artwik – Vice President of the Management Board