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   "value": "Cz\u0119\u015b\u0107 1 \u2013 <span class=\"_ _2\"></span>Informacje og\u00f3<span class=\"_ _2\"></span>lne Nota 1.1 Opis<span class=\"_ _3\"></span> biznesu KGHM Polska Mied\u017a <span class=\"_ _2\"></span>S.A. (<span class=\"_ _2\"></span>Jednos<span class=\"_ _3\"></span>tka <span class=\"_ _2\"></span>Dominuj\u0105ca, Sp\u00f3\u0142ka) z s<span class=\"_ _2\"></span>iedzib\u0105 w Lubinie <span class=\"_ _2\"></span>przy ul. <span class=\"_ _2\"></span>M. Sk\u0142odowskiej-Curie 48 jest <span class=\"_ _2\"></span>sp\u00f3\u0142k\u0105 akcyjn\u0105 <span class=\"_ _2\"></span>zarejestrowan\u0105 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>S\u0105dzie <span class=\"_ _2\"></span>Rejonowym <span class=\"_ _2\"></span>dla <span class=\"_ _53\"></span>Wroc\u0142awia F<span class=\"_ _2\"></span>abrycznej <span class=\"_ _2\"></span>we <span class=\"_ _2\"></span>Wroc\u0142awiu <span class=\"_ _2\"></span>IX <span class=\"_ _53\"></span>Wydzia\u0142<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Go<span class=\"_ _2\"></span>spodarczy <span class=\"_ _2\"></span>Krajowego<span class=\"_ _3\"></span> Rejestru S\u0105dowego, n<span class=\"_ _3\"></span>umer rejestru KR<span class=\"_ _3\"></span>S 23302, na terenie Rz<span class=\"_ _3\"></span>eczpospolitej Polski<span class=\"_ _3\"></span>ej. KGHM <span class=\"_ _2\"></span>Polska Mied\u017a <span class=\"_ _2\"></span>S.A. <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>przedsi\u0119bi<span class=\"_ _3\"></span>orstwem <span class=\"_ _2\"></span>wielooddzia\u0142ow<span class=\"_ _3\"></span>ym, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kt\u00f3rego sk\u0142ad <span class=\"_ _2\"></span>wchodzi <span class=\"_ _2\"></span>Centrala oraz <span class=\"_ _2\"></span>10 oddzia\u0142\u00f3w: 3 zak\u0142ady <span class=\"_ _54\"> </span>g\u00f3rnicze <span class=\"_ _54\"> </span>(ZG <span class=\"_ _54\"> </span>Lubin, <span class=\"_ _54\"> </span>ZG <span class=\"_ _55\"> </span>Polkowice-Sieroszowice, <span class=\"_ _54\"> </span>ZG <span class=\"_ _54\"> </span>Rudna), <span class=\"_ _54\"> </span>3 <span class=\"_ _54\"> </span>huty <span class=\"_ _54\"> </span>miedzi <span class=\"_ _55\"> </span>(HM <span class=\"_ _55\"> </span>G\u0142og\u00f3w, <span class=\"_ _54\"> </span>HM Legnica, HM Cedynia),  Zak\u0142ady  Wzb<span class=\"_ _3\"></span>ogacania  Rud  (ZWR),  Zak\u0142ad  Hydrotechniczny,  Jedn<span class=\"_ _3\"></span>ostka  Ratownictwa  G\u00f3rniczo-Hu<span class=\"_ _3\"></span>tniczego i Centralny O\u015br<span class=\"_ _3\"></span>odek Przetwarzania Informacj<span class=\"_ _3\"></span>i. Akcje KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. s\u0105<span class=\"_ _3\"></span> notowane na Gie\u0142dzie Papi<span class=\"_ _3\"></span>er\u00f3w Warto\u015bciowych w<span class=\"_ _3\"></span> Warszawie. <span class=\"_ _3\"></span> Podstawowy prz<span class=\"_ _3\"></span>edmiot dzia\u0142alno\u015bci J<span class=\"_ _3\"></span>ednostki Dominuj\u0105c<span class=\"_ _3\"></span>ej stanowi: \u2013<span class=\"ff8\"> <span class=\"_ _56\"> </span><span class=\"ff2\">g\u00f3rnictwo rud m<span class=\"_ _3\"></span>iedzi i metali nie\u017celaznych <span class=\"_ _3\"></span>oraz </span></span>\u2013<span class=\"ff8\"> <span class=\"_ _56\"> </span><span class=\"ff2\">produkcja miedzi,<span class=\"_ _3\"></span> metali szlachetnych i ni<span class=\"_ _3\"></span>e\u017celaznych. </span></span>Grupa <span class=\"_ _0\"> </span>Kapita\u0142owa <span class=\"_ _1\"> </span>KGHM <span class=\"_ _1\"> </span>Polska <span class=\"_ _0\"></span>Mie<span class=\"_ _2\"></span>d\u017a <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>A. <span class=\"_ _0\"> </span>(G<span class=\"_ _2\"></span>rupa <span class=\"_ _0\"></span>Kapita\u0142owa, <span class=\"_ _0\"> </span>G<span class=\"_ _2\"></span>rupa, <span class=\"_ _0\"></span>GK) <span class=\"_ _1\"> </span>prowadzi <span class=\"_ _1\"> </span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>inne <span class=\"_ _0\"></span>rodzaje <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci opisane <span class=\"_ _53\"></span>w Za\u0142\u0105czniku <span class=\"_ _53\"></span>Nr <span class=\"_ _0\"></span>3 <span class=\"_ _53\"></span>Sprawozdania <span class=\"_ _53\"></span>Zarz\u0105du <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>dzia\u0142alno\u015bci <span class=\"_ _53\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>KGHM Polska Mied\u017a S.A. w 2<span class=\"_ _3\"></span>022 r. Skonsolidowane spra<span class=\"_ _3\"></span>wozdanie finansowe z<span class=\"_ _3\"></span>osta\u0142o sporz\u0105dzone przy <span class=\"_ _3\"></span>za\u0142o\u017ceniu kontynuacji dzia\u0142aln<span class=\"_ _3\"></span>o\u015bci gospodarczej przez sp\u00f3\u0142ki Grupy Kapita\u0142owej w niezmieni<span class=\"_ _3\"></span>onej formie i <span class=\"_ _2\"></span>zakresie przez<span class=\"_ _3\"></span> okres <span class=\"_ _2\"></span>co najmniej 12 miesi\u0119c<span class=\"_ _3\"></span>y od <span class=\"_ _2\"></span>dnia ko\u0144cz\u0105cego okre<span class=\"_ _3\"></span>s sprawozdawczy <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>nie <span class=\"_ _2\"></span>istniej\u0105 <span class=\"_ _53\"></span>przes\u0142anki <span class=\"_ _2\"></span>zamierzonego <span class=\"_ _2\"></span>lub <span class=\"_ _53\"></span>przymusow<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zaniechania <span class=\"_ _2\"></span>b\u0105d\u017a <span class=\"_ _53\"></span>istotnego <span class=\"_ _2\"></span>ograniczenia <span class=\"_ _2\"></span>przez ni\u0105  dotychczasowej  dzia\u0142alno\u015bci<span class=\"_ _3\"></span>.  Zarz\u0105d  Jednostki  Dominuj\u0105cej  nie stwierdza  na  dzie\u0144  podpisania<span class=\"_ _3\"></span>  skonsolidowanego sprawozdania  finansowego  fakt\u00f3w <span class=\"_ _57\"> </span>i  okoliczno\u015bci  wskazuj\u0105cych  na <span class=\"_ _57\"> </span>zagro\u017cenie  kontynuacji  dzia\u0142alno\u015bci <span class=\"_ _57\"> </span>w  daj\u0105cej  si\u0119 przewidzie\u0107 prz<span class=\"_ _3\"></span>ysz\u0142o\u015bci.  Pandemia  COVID-19 <span class=\"_ _57\"> </span>i  wo<span class=\"_ _2\"></span>jna  w <span class=\"_ _57\"> </span>Ukrainie <span class=\"_ _57\"> </span>nie <span class=\"_ _57\"> </span>mia\u0142y <span class=\"_ _57\"> </span>bezpo\u015bre<span class=\"_ _3\"></span>dniego,  ne<span class=\"_ _2\"></span>gatywneg<span class=\"_ _3\"></span>o <span class=\"_ _57\"> </span>wp\u0142ywu <span class=\"_ _57\"> </span>na  poszczeg\u00f3lne <span class=\"_ _57\"> </span>aspekty dzia\u0142alno\u015bci <span class=\"_ _2\"></span>Grupy. <span class=\"_ _53\"></span>Nie <span class=\"_ _53\"></span>zanotowano <span class=\"_ _53\"></span>przestoj\u00f3w <span class=\"_ _2\"></span>produkcyjnych <span class=\"_ _53\"></span>ani <span class=\"_ _53\"></span>te\u017c <span class=\"_ _53\"></span>ograniczenia <span class=\"_ _53\"></span>produkc<span class=\"_ _3\"></span>ji <span class=\"_ _53\"></span>lub <span class=\"_ _53\"></span>zakresu <span class=\"_ _53\"></span>realizowanych<span class=\"_ _3\"></span> us\u0142ug. <span class=\"_ _2\"></span>COVI<span class=\"_ _2\"></span>D-19, <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>szczeg\u00f3lno\u015bci <span class=\"_ _2\"></span>sytuacja <span class=\"_ _53\"></span>pandemiczna <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>Chinach, <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>agresja <span class=\"_ _53\"></span>Rosji <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>krain\u0119 <span class=\"_ _2\"></span>mia\u0142y <span class=\"_ _53\"></span>natomiast <span class=\"_ _2\"></span>swoje odzwierciedlenie <span class=\"_ _0\"></span>we <span class=\"_ _0\"></span>wzro\u015bcie <span class=\"_ _0\"></span>presji <span class=\"_ _0\"></span>inflacyjnej. <span class=\"_ _0\"></span>W <span class=\"_ _0\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _0\"></span>znacz\u0105co <span class=\"_ _0\"></span>wzros\u0142y <span class=\"_ _0\"></span>ceny <span class=\"_ _1\"> </span>materia\u0142\u00f3w <span class=\"_ _0\"></span>technologiczn<span class=\"_ _3\"></span>ych, <span class=\"_ _0\"> </span>e<span class=\"_ _2\"></span>nergii,<span class=\"_ _3\"></span> paliwa  i  u<span class=\"_ _3\"></span>s\u0142ug,  co  ni<span class=\"_ _3\"></span>e  pozosta<span class=\"_ _3\"></span>\u0142o  bez <span class=\"_ _58\"> </span>wp\u0142ywu  na <span class=\"_ _58\"> </span>pozi<span class=\"_ _3\"></span>om  koszt\u00f3w <span class=\"_ _58\"> </span>generowany <span class=\"_ _58\"> </span>przez <span class=\"_ _58\"> </span>Grup\u0119. <span class=\"_ _58\"> </span>Z  dr<span class=\"_ _3\"></span>ugiej  jednak <span class=\"_ _58\"> </span>strony niepewno\u015b\u0107 <span class=\"_ _59\"> </span>co <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>dalszej <span class=\"_ _59\"> </span>sytuacji <span class=\"_ _59\"> </span>gospodarczej<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>\u015bwiecie <span class=\"_ _59\"> </span>spowodowa\u0142a <span class=\"_ _59\"> </span>os\u0142abieni<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>z\u0142otego <span class=\"_ _59\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>wzrost <span class=\"_ _59\"> </span>cen <span class=\"_ _59\"> </span>miedzi wyra\u017conych w PLN, co prze\u0142o\u017cy\u0142o si\u0119 na wzrost przychod\u00f3w ze sprz<span class=\"_ _3\"></span>eda\u017cy. Wyniki produkcyjne i finansowe poszcze<span class=\"_ _3\"></span>g\u00f3lnych segment\u00f3w <span class=\"_ _58\"> </span>zaprezentowano <span class=\"_ _58\"> </span>w<span class=\"_ _3\"></span>  Cz\u0119\u015bci <span class=\"_ _58\"> </span>2 <span class=\"_ _58\"> </span>Segmenty  d<span class=\"_ _3\"></span>zia\u0142alno\u015bci <span class=\"_ _58\"> </span>i <span class=\"_ _58\"> </span>informacje  na <span class=\"_ _58\"> </span>temat <span class=\"_ _58\"> </span>przychod<span class=\"_ _3\"></span>\u00f3w,  natomiast <span class=\"_ _58\"> </span>wp\u0142yw sytuacji <span class=\"_ _53\"></span>makroekonomiczn<span class=\"_ _3\"></span>ej <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>dzia\u0142alno\u015b\u0107 <span class=\"_ _53\"></span>Sp\u00f3\u0142ki <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>przedstawi<span class=\"_ _3\"></span>ono <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>Sprawozdaniu<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>Zarz\u0105du <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>dzia\u0142alno\u015bci <span class=\"_ _53\"></span>KGHM POLSKA MIED\u0179 S.A. <span class=\"_ _3\"></span>oraz Grupy Kapita\u0142ow<span class=\"_ _3\"></span>ej KGHM Polska Mied\u017a S<span class=\"_ _3\"></span>.A. w 2022 <span class=\"_ _3\"></span>r.  Szczeg\u00f3\u0142owa <span class=\"_ _2\"></span>inf<span class=\"_ _2\"></span>ormacja <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>funkcjon<span class=\"_ _3\"></span>owaniu <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>czasi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>pandemii <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>trwaj\u0105cego <span class=\"_ _53\"></span>konfliktu <span class=\"_ _53\"></span>zbrojnego <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>Ukrainie <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>roku 2022 zosta\u0142a przeds<span class=\"_ _3\"></span>tawiona w Nocie 1<span class=\"_ _3\"></span>2.12 niniejszego ra<span class=\"_ _3\"></span>portu.  Dzia\u0142alno\u015b\u0107 <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"> </span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _0\"> </span>S<span class=\"_ _2\"></span>.A. <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>zakresie <span class=\"_ _0\"></span>eksploracji <span class=\"_ _0\"> </span>i <span class=\"_ _1\"> </span>eksploatacji <span class=\"_ _0\"></span>z\u0142\u00f3\u017c <span class=\"_ _0\"></span>rud <span class=\"_ _0\"></span>miedzi, <span class=\"_ _0\"></span>niklu <span class=\"_ _0\"></span>oraz metali <span class=\"_ _0\"></span>szlachetnych <span class=\"_ _53\"></span>opiera <span class=\"_ _53\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>posiadanych <span class=\"_ _0\"></span>przez <span class=\"_ _53\"></span>KGHM Polska <span class=\"_ _53\"></span>Mie<span class=\"_ _2\"></span>d\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _53\"></span>koncesjach <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>eksploatacj\u0119 <span class=\"_ _0\"></span>z\u0142\u00f3\u017c <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>Polsce oraz <span class=\"_ _57\"> </span>posiadanych <span class=\"_ _57\"> </span>przez  sp\u00f3\u0142ki <span class=\"_ _57\"> </span>Grupy <span class=\"_ _57\"> </span>Kapita\u0142owej <span class=\"_ _57\"> </span>KGHM  INTERNATIONAL <span class=\"_ _57\"> </span>LTD. <span class=\"_ _57\"> </span>tytu\u0142ach <span class=\"_ _57\"> </span>prawnych  do <span class=\"_ _57\"> </span>poszukiwania lub wydobycia t<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>surowc\u00f3w <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>terenie <span class=\"_ _53\"></span>USA, <span class=\"_ _2\"></span>Kanady <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>Chile. <span class=\"_ _53\"></span>Szczeg\u00f3\u0142ow<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>informacj<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _2\"></span>przedstawion<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>Sprawozdaniu Zarz\u0105du z<span class=\"_ _3\"></span> dzia\u0142alno\u015bci KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. oraz Grupy Kapi<span class=\"_ _3\"></span>ta\u0142owej KGHM P<span class=\"_ _3\"></span>olska Mied\u017a S.A. w <span class=\"_ _3\"></span>2022 r. <span class=\"_ _3\"></span>(punkt 1.5).  Jednostka <span class=\"_ _0\"></span>Dominuj\u0105ca <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>Kap<span class=\"_ _3\"></span>ita\u0142owej <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>bj\u0119\u0142a <span class=\"_ _0\"> </span>skonsolidowanym <span class=\"_ _0\"></span>sprawozdaniem <span class=\"_ _0\"></span>finansowym <span class=\"_ _0\"> </span>63 <span class=\"_ _1\"> </span>jednostki zale\u017cne<span class=\"_ _192\"> </span> oraz <span class=\"_ _2\"></span>wyceni\u0142a metod\u0105 <span class=\"_ _2\"></span>praw w\u0142<span class=\"_ _2\"></span>asno\u015bci udzia\u0142y <span class=\"_ _2\"></span>w dw\u00f3<span class=\"_ _2\"></span>ch wsp\u00f3lnych <span class=\"_ _2\"></span>przedsi\u0119wzi\u0119ciach (Sierra Gorda <span class=\"_ _2\"></span>S.C.M. <span class=\"_ _2\"></span>i NANO CARBON Sp. z <span class=\"_ _3\"></span>o.o. w likwidacji).<span class=\"_ _192\"> </span>O\u015bwiadczenie Zarz<span class=\"_ _3\"></span>\u0105du w sprawie r<span class=\"_ _3\"></span>zetelno\u015bci sporz\u0105dzeni<span class=\"_ _3\"></span>a sprawozdania finans<span class=\"_ _3\"></span>owego Zarz\u0105d <span class=\"_ _58\"> </span>KGHM  Polska <span class=\"_ _58\"> </span>Mied\u017a  S.<span class=\"_ _3\"></span>A.  o\u015bwiadcza,  \u017ce <span class=\"_ _58\"> </span>wed\u0142ug  je<span class=\"_ _3\"></span>go  najlepszej  w<span class=\"_ _3\"></span>iedzy  roczne <span class=\"_ _58\"> </span>skonsolidowan<span class=\"_ _3\"></span>e  sprawozdani<span class=\"_ _3\"></span>e finansowe  z<span class=\"_ _3\"></span>a  202<span class=\"_ _3\"></span>2  r. <span class=\"_ _58\"> </span>i <span class=\"_ _58\"> </span>dan<span class=\"_ _3\"></span>e  por\u00f3wna<span class=\"_ _3\"></span>wcze  s<span class=\"_ _3\"></span>porz\u0105dzone <span class=\"_ _58\"> </span>zosta\u0142y <span class=\"_ _58\"> </span>zgodni<span class=\"_ _3\"></span>e  z <span class=\"_ _58\"> </span>ob<span class=\"_ _3\"></span>owi\u0105zuj\u0105cymi <span class=\"_ _58\"> </span>zasada<span class=\"_ _3\"></span>mi  rachun<span class=\"_ _3\"></span>kowo\u015bci, odzwierciedlaj\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _1\"> </span>spos\u00f3b <span class=\"_ _0\"></span>prawdz<span class=\"_ _3\"></span>iwy, <span class=\"_ _0\"></span>rzetelny <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>jasny <span class=\"_ _0\"> </span>sytuacj\u0119 <span class=\"_ _0\"></span>maj\u0105tkow\u0105 <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>finansow\u0105 <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska Mied\u017a S.A. oraz zysk <span class=\"_ _3\"></span>netto Grupy. Sprawozdanie <span class=\"_ _59\"> </span>Zarz\u0105du <span class=\"_ _59\"> </span>z <span class=\"_ _5a\"> </span>dzia\u0142alno\u015bci <span class=\"_ _5a\"> </span>KGH<span class=\"_ _3\"></span>M <span class=\"_ _5a\"> </span>Polska <span class=\"_ _59\"> </span>Mied\u017a <span class=\"_ _5a\"> </span>S.A. <span class=\"_ _59\"> </span>oraz <span class=\"_ _59\"> </span>G<span class=\"_ _2\"></span>rupy <span class=\"_ _59\"> </span>Kapita\u0142o<span class=\"_ _2\"></span>wej <span class=\"_ _59\"> </span>KGHM <span class=\"_ _59\"> </span>Po<span class=\"_ _2\"></span>lska <span class=\"_ _59\"> </span>Mied\u017a <span class=\"_ _5a\"> </span>S.A.  w <span class=\"_ _53\"></span>2022 <span class=\"_ _2\"></span>roku <span class=\"_ _53\"></span>zawiera <span class=\"_ _2\"></span>prawdziwy <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>braz <span class=\"_ _2\"></span>rozwoju <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>osi\u0105gni\u0119\u0107 <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>sy<span class=\"_ _2\"></span>tuacji <span class=\"_ _2\"></span>KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _2\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej KGHM Polska Mied\u017a <span class=\"_ _3\"></span>S.A., w tym opis p<span class=\"_ _3\"></span>odstawowych zagr<span class=\"_ _3\"></span>o\u017ce\u0144 i ryzyka. Skonsolidowane  sprawozdani<span class=\"_ _3\"></span>e  finansowe  zosta\u0142o  zatwierdz<span class=\"_ _3\"></span>one  do  publikacji  oraz  podpisane  przez  Zarz\u0105d  Jednostki Dominuj\u0105cej dnia 21 <span class=\"_ _3\"></span>marca 2023 <span class=\"_ _3\"></span>r.<span class=\"_ _192\"> </span>Nota 1.2 Podstaw<span class=\"_ _3\"></span>a sporz\u0105dzeni<span class=\"_ _3\"></span>a i prezentacji Skonsolidowane <span class=\"_ _56\"> </span>sprawozdanie <span class=\"_ _56\"> </span>finansowe <span class=\"_ _56\"> </span>zost<span class=\"_ _2\"></span>a\u0142o <span class=\"_ _56\"> </span>sporz\u0105dzone <span class=\"_ _5b\"> </span>zgodnie <span class=\"_ _56\"> </span>z <span class=\"_ _5b\"> </span>Mi\u0119dzynarodowymi <span class=\"_ _56\"> </span>Standardami<span class=\"_ _3\"></span> Sprawozdawczo\u015bci <span class=\"_ _5a\"> </span>Finansowej <span class=\"_ _5a\"> </span>zatwierdzonymi <span class=\"_ _5a\"> </span>przez <span class=\"_ _5a\"> </span>Uni\u0119<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>Europejsk\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>oparciu <span class=\"_ _5a\"> </span>o <span class=\"_ _54\"> </span>zasad\u0119<span class=\"_ _3\"></span> <span class=\"_ _54\"> </span>kosztu <span class=\"_ _5a\"> </span>historycznego,<span class=\"_ _192\"> </span> za wyj\u0105tkiem <span class=\"_ _5a\"> </span>instrument\u00f3w <span class=\"_ _5a\"> </span>finansowych <span class=\"_ _5a\"> </span>zaklasyfikowanych <span class=\"_ _5a\"> </span>jako <span class=\"_ _5a\"> </span>wyceniane <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>godziwej <span class=\"_ _5a\"> </span>i <span class=\"_ _54\"> </span>nieruchomo\u015bci<span class=\"_ _3\"></span> inwestycyjnych wyc<span class=\"_ _3\"></span>enianych w warto\u015bci <span class=\"_ _3\"></span>godziwej.<span class=\"_ _192\"> </span>Zasady Rachunk<span class=\"_ _3\"></span>owo\u015bci<span class=\"fc0\"> </span>Zasady <span class=\"_ _0\"></span>rachunkowo\u015bci <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>dnosz\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _1\"> </span>do <span class=\"_ _0\"></span>skonsolidowanego <span class=\"_ _0\"></span>sprawozdania <span class=\"_ _53\"></span>finansowego <span class=\"_ _0\"></span>jako <span class=\"_ _0\"></span>ca\u0142o\u015bci, jak <span class=\"_ _58\"> </span>r\u00f3wnie\u017c <span class=\"_ _58\"> </span>pocz<span class=\"_ _3\"></span>ynione  z<span class=\"_ _3\"></span>nacz\u0105ce <span class=\"_ _58\"> </span>szacunk<span class=\"_ _3\"></span>i  i <span class=\"_ _1\"> </span>ich  wp\u0142yw <span class=\"_ _1\"> </span>na  warto\u015bci <span class=\"_ _1\"> </span>prezentowane <span class=\"_ _58\"> </span>w <span class=\"_ _58\"> </span>skonsoli<span class=\"_ _3\"></span>dowanym <span class=\"_ _58\"> </span>spraw<span class=\"_ _3\"></span>ozdaniu finansowym, zos<span class=\"_ _3\"></span>ta\u0142y zaprezentowane w <span class=\"_ _3\"></span>niniejszej nocie. <span class=\"_ _3\"></span> Temat <span class=\"_ _3c\"> </span>Zasady rachunk<span class=\"_ _2\"></span>owo\u015bci Znacz\u0105ce szac<span class=\"_ _2\"></span>unki i os\u0105dy<span class=\"_ _2\"></span> Zasady konsolidacji Skonsolidowane <span class=\"_ _51\"> </span>spra<span class=\"_ _3\"></span>wozdanie <span class=\"_ _51\"> </span>finan<span class=\"_ _3\"></span>sowe <span class=\"_ _51\"> </span>obejmuj<span class=\"_ _3\"></span>e sprawozdanie <span class=\"_ _1\"> </span>finansowe <span class=\"_ _1\"> </span>Jednostki <span class=\"_ _1\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>sp\u00f3\u0142ek od niej <span class=\"_ _0\"></span>zale\u017cnych. <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Za <span class=\"_ _0\"></span>jednostki <span class=\"_ _53\"></span>zale\u017cne <span class=\"_ _0\"></span>uznaje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>jednostki, w odniesieniu <span class=\"_ _5c\"> </span>do <span class=\"_ _5c\"> </span>kt\u00f3rych <span class=\"_ _5c\"> </span>Jednostka <span class=\"_ _5c\"> </span>Dominuj\u0105ca, bezpo\u015brednio lub <span class=\"_ _2\"></span>po\u015brednio <span class=\"_ _53\"></span>poprzez <span class=\"_ _53\"></span>swoje <span class=\"_ _53\"></span>jednostki <span class=\"_ _53\"></span>zale\u017cne sprawuje kontrol\u0119. <span class=\"_ _3\"></span> Obj\u0119cie <span class=\"_ _37\"> </span>kontroli <span class=\"_ _24\"> </span>nad <span class=\"_ _37\"> </span>jednostk\u0105 <span class=\"_ _37\"> </span>zale\u017cn\u0105 <span class=\"_ _24\"> </span>st<span class=\"_ _2\"></span>anowi\u0105c\u0105<span class=\"_ _3\"></span> przedsi\u0119wzi\u0119cie rozli<span class=\"_ _3\"></span>cza si\u0119 metod\u0105 pr<span class=\"_ _3\"></span>zej\u0119cia.  Jednostki <span class=\"_ _5d\"> </span>zale\u017cne <span class=\"_ _5d\"> </span>podlegaj\u0105 <span class=\"_ _5d\"> </span>konsolidacji <span class=\"_ _5d\"> </span>metod\u0105 <span class=\"_ _5d\"> </span>pe\u0142n\u0105 od dnia obj\u0119cia k<span class=\"_ _3\"></span>ontroli do dnia utraty k<span class=\"_ _3\"></span>ontroli.  Rozrachunki, <span class=\"_ _0\"></span>przychody, <span class=\"_ _0\"></span>koszty <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>niezrealizowane <span class=\"_ _0\"></span>zyski <span class=\"_ _0\"> </span>uj\u0119te w <span class=\"_ _59\"> </span>aktywach, <span class=\"_ _59\"> </span>powsta\u0142e <span class=\"_ _59\"> </span>na trans<span class=\"_ _3\"></span>akcjach <span class=\"_ _59\"> </span>pomi\u0119dzy <span class=\"_ _57\"> </span>s<span class=\"_ _2\"></span>p\u00f3\u0142kami Grupy, podlegaj\u0105 <span class=\"_ _3\"></span>eliminacji.  Ocena, <span class=\"_ _5e\"> </span>czy <span class=\"_ _5e\"> </span>Jednostka <span class=\"_ _5e\"> </span>Dominuj\u0105ca sprawuje <span class=\"_ _5f\"> </span>kontrol\u0119 <span class=\"_ _5f\"> </span>nad <span class=\"_ _5f\"> </span>sp\u00f3\u0142k\u0105 wymaga <span class=\"_ _58\"> </span>ustalenia, <span class=\"_ _58\"> </span>czy <span class=\"_ _58\"> </span>posiada<span class=\"_ _3\"></span>  ona prawa <span class=\"_ _35\"> </span>do <span class=\"_ _35\"> </span>kierowania <span class=\"_ _35\"> </span>istotn\u0105 dzia\u0142alno\u015bci\u0105 <span class=\"_ _60\"> </span>sp\u00f3\u0142ki. <span class=\"_ _60\"> </span>Okre\u015blenie istotnej <span class=\"_ _2\"></span>dzia\u0142alno\u015bci s<span class=\"_ _2\"></span>p\u00f3\u0142ki oraz <span class=\"_ _2\"></span>kt\u00f3ry z inwestor\u00f3w <span class=\"_ _1\"> </span>j\u0105 <span class=\"_ _58\"> </span>kon<span class=\"_ _3\"></span>troluje, <span class=\"_ _1\"> </span>wymaga os\u0105du. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>ocenie sy<span class=\"_ _2\"></span>tuacji i <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kre\u015bleniu<span class=\"_ _3\"></span> istoty <span class=\"_ _61\"> </span>powi\u0105za\u0144 <span class=\"_ _62\"> </span>bierze <span class=\"_ _62\"> </span>si\u0119 <span class=\"_ _62\"> </span>po<span class=\"_ _2\"></span>d uwag\u0119 <span class=\"_ _53\"></span>m.in. <span class=\"_ _2\"></span>prawa <span class=\"_ _53\"></span>g\u0142osu, <span class=\"_ _53\"></span>relatywnie posiadany <span class=\"_ _53\"></span>udzia\u0142, <span class=\"_ _53\"></span>rozproszenie <span class=\"_ _2\"></span>praw g\u0142osu <span class=\"_ _61\"> </span>posiadanych <span class=\"_ _61\"> </span>przez <span class=\"_ _61\"> </span>innych inwestor\u00f3w, zak<span class=\"_ _3\"></span>res udzia\u0142u tych Inwestor\u00f3w w p<span class=\"_ _3\"></span>owo\u0142ywaniu kluczowego person<span class=\"_ _3\"></span>elu kierownicz<span class=\"_ _3\"></span>ego lub cz\u0142onk\u00f3w rady nadz<span class=\"_ _3\"></span>orczej.<span class=\"_ _192\"> </span>Wycena w warto\u015bci godziwej Warto\u015b\u0107 <span class=\"_ _55\"> </span>godziwa <span class=\"_ _55\"> </span>stanowi <span class=\"_ _55\"> </span>ce<span class=\"_ _2\"></span>n\u0119, <span class=\"_ _54\"> </span>kt\u00f3<span class=\"_ _2\"></span>r\u0105 <span class=\"_ _55\"> </span>otrzymano <span class=\"_ _55\"> </span>by <span class=\"_ _55\"> </span>ze sprzeda\u017cy <span class=\"_ _63\"> </span>sk\u0142adnika <span class=\"_ _63\"> </span>aktyw\u00f3w <span class=\"_ _63\"> </span>lub <span class=\"_ _63\"> </span>zap\u0142acono <span class=\"_ _63\"> </span>by <span class=\"_ _63\"> </span>za przeniesienie <span class=\"_ _2\"></span>zobowi\u0105zania <span class=\"_ _2\"></span>w transakcji <span class=\"_ _53\"></span>mi\u0119dzy <span class=\"_ _2\"></span>uczestnikami rynku <span class=\"_ _59\"> </span>przeprowadzonej <span class=\"_ _59\"> </span>na <span class=\"_ _5a\"> </span>zw<span class=\"_ _3\"></span>yk\u0142ych <span class=\"_ _5a\"> </span>warunkach <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 wyceny. <span class=\"_ _1\"> </span>Dla <span class=\"_ _0\"> </span>ce<span class=\"_ _2\"></span>l\u00f3w <span class=\"_ _0\"> </span>sprawozdawczo\u015bci <span class=\"_ _1\"> </span>finansowej <span class=\"_ _0\"></span>stosuje <span class=\"_ _1\"> </span>si\u0119 hierarchi\u0119 <span class=\"_ _54\"> </span>ustalania <span class=\"_ _54\"> </span>warto\u015bci <span class=\"_ _54\"> </span>godziwej, <span class=\"_ _54\"> </span>opart\u0105 <span class=\"_ _55\"> </span>na <span class=\"_ _54\"> </span>trzech poziomach pozyskan<span class=\"_ _3\"></span>ia informacji w<span class=\"_ _3\"></span>ej\u015bciowych: Poziom 1 Warto\u015b\u0107 <span class=\"_ _3\"></span>oparta na danych wej\u015bci<span class=\"_ _3\"></span>owych pochodz\u0105cych z <span class=\"_ _3\"></span>aktywnego rynku,<span class=\"_ _3\"></span> kt\u00f3re s\u0105  traktowane jak<span class=\"_ _3\"></span>o \u017ar\u00f3d\u0142o najbardziej wiar<span class=\"_ _3\"></span>ygodnych danych.  Poziom 2 Warto\u015b\u0107 <span class=\"_ _3\"></span>oparta na danych wej\u015bci<span class=\"_ _3\"></span>owych innych ni\u017c pochodz\u0105ce z <span class=\"_ _3\"></span>aktywnego rynku, kt\u00f3r<span class=\"_ _3\"></span>e jednak s\u0105 obserwowalne (obi<span class=\"_ _3\"></span>ektywne, mierzalne). <span class=\"_ _3\"></span> Poziom 3 Warto\u015b\u0107 <span class=\"_ _3\"></span>oparta na danych o charak<span class=\"_ _3\"></span>terze nieobserwowalnym,<span class=\"_ _3\"></span> stosowanych w <span class=\"_ _3\"></span>zakresie , w jakim odpowiedn<span class=\"_ _3\"></span>ie  obserwowalne da<span class=\"_ _3\"></span>ne wej\u015bciowe s\u0105 nied<span class=\"_ _3\"></span>ost\u0119pne. Nieobserw<span class=\"_ _3\"></span>owalne dane wej\u015bciowe odzwierci<span class=\"_ _3\"></span>edlaj\u0105 za\u0142o\u017cenia, <span class=\"_ _3\"></span>kt\u00f3re przyj\u0119liby uczestnic<span class=\"_ _3\"></span>y rynku na potrz<span class=\"_ _3\"></span>eby kalkulacji ceny sk\u0142adnika akty<span class=\"_ _3\"></span>w\u00f3w lub zobowi\u0105zania<span class=\"_ _3\"></span>, w tym za\u0142o\u017cenia dotycz\u0105c<span class=\"_ _3\"></span>e ryzyka. Przeniesienie <span class=\"_ _24\"> </span>mi\u0119dzy <span class=\"_ _37\"> </span>poziomami <span class=\"_ _24\"> </span>hierarchii <span class=\"_ _37\"> </span>warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142 <span class=\"_ _64\"> </span>pochodzenia <span class=\"_ _64\"> </span>danych <span class=\"_ _5d\"> </span>wej\u015bc<span class=\"_ _2\"></span>iowych <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>potrz<span class=\"_ _3\"></span>eby wyceny warto\u015bci g<span class=\"_ _3\"></span>odziwej, takich jak<span class=\"_ _3\"></span>: \u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">aktywny rynek, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">brak <span class=\"_ _64\"> </span>aktywnego <span class=\"_ _64\"> </span>rynku, <span class=\"_ _5d\"> </span>jednak <span class=\"_ _64\"> </span>dane <span class=\"_ _5d\"> </span>o<span class=\"_ _2\"></span>bserwowaln<span class=\"_ _3\"></span>e </span></span>na rynku, \u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">subiektywne dane wej\u015bciow<span class=\"_ _3\"></span>e. </span></span>Uznaje <span class=\"_ _1\"> </span>si\u0119, <span class=\"_ _58\"> </span>\u017c<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>przeniesienia <span class=\"_ _1\"> </span>pomi\u0119dzy <span class=\"_ _1\"> </span>poziomami <span class=\"_ _1\"> </span>hierarchii warto\u015bci <span class=\"_ _65\"> </span>godziwej <span class=\"_ _65\"> </span>maj\u0105 <span class=\"_ _65\"> </span>miejsce <span class=\"_ _65\"> </span>na <span class=\"_ _65\"> </span>koniec <span class=\"_ _65\"> </span>okresu sprawozdawczeg<span class=\"_ _3\"></span>o.<span class=\"_ _192\"> </span>Warto\u015b\u0107 <span class=\"_ _66\"> </span>godziwa <span class=\"_ _66\"> </span>przedst<span class=\"_ _3\"></span>awia obecne <span class=\"_ _5a\"> </span>szacunk<span class=\"_ _3\"></span>i, <span class=\"_ _59\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _59\"> </span>mog\u0105 <span class=\"_ _59\"> </span>ulec zmianie <span class=\"_ _5f\"> </span>w <span class=\"_ _5f\"> </span>k<span class=\"_ _3\"></span>olejnych <span class=\"_ _5f\"> </span>okresach sprawozdawczych z tytu\u0142u warunk\u00f3w<span class=\"_ _3\"></span> rynkowych <span class=\"_ _67\"> </span>lub <span class=\"_ _67\"> </span>innych <span class=\"_ _67\"> </span>czynnik\u00f3w.<span class=\"_ _3\"></span> Istnieje <span class=\"_ _5f\"> </span>wiele <span class=\"_ _5f\"> </span>m<span class=\"_ _3\"></span>etod <span class=\"_ _5f\"> </span>ustalania<span class=\"_ _3\"></span> warto\u015bci <span class=\"_ _24\"> </span>godziwej, <span class=\"_ _24\"> </span>kt\u00f3re <span class=\"_ _24\"> </span>mo<span class=\"_ _2\"></span>g\u0105 powodowa\u0107 <span class=\"_ _59\"> </span>r\u00f3\u017cnice <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>warto\u015bciach godziwych. <span class=\"_ _56\"> </span>Co <span class=\"_ _5b\"> </span>wi\u0119cej, <span class=\"_ _56\"> </span>za\u0142o\u017cenia b\u0119d\u0105ce <span class=\"_ _0\"></span>podstaw\u0105 <span class=\"_ _0\"></span>ustalenia <span class=\"_ _53\"></span>warto\u015bci godziwej <span class=\"_ _38\"> </span>mog\u0105 <span class=\"_ _38\"> </span>wymaga\u0107 oszacowania <span class=\"_ _24\"> </span>zmian <span class=\"_ _37\"> </span>koszt\u00f3w/cen w czasie, <span class=\"_ _5b\"> </span>sto<span class=\"_ _2\"></span>py <span class=\"_ _5b\"> </span>dyskonta, <span class=\"_ _63\"> </span>stopy inflacji <span class=\"_ _51\"> </span>czy <span class=\"_ _51\"> </span>inn<span class=\"_ _3\"></span>ych <span class=\"_ _51\"> </span>istotnych<span class=\"_ _3\"></span> zmiennych. Pewne <span class=\"_ _51\"> </span>za\u0142o\u017cenia <span class=\"_ _51\"> </span>i <span class=\"_ _51\"> </span>szacunki s\u0105 konieczne <span class=\"_ _68\"> </span>dla <span class=\"_ _68\"> </span>ustalenia, do kt\u00f3rego <span class=\"_ _51\"> </span>poziomu <span class=\"_ _51\"> </span>hiera<span class=\"_ _3\"></span>rchii warto\u015bci <span class=\"_ _57\"> </span>godziwej <span class=\"_ _59\"> </span>dany <span class=\"_ _57\"> </span>instrument powinien zosta\u0107 za<span class=\"_ _3\"></span>kwalifikowany.<span class=\"_ _192\"> </span> <span class=\"_ _3\"></span> Sprawozdania jednostek  o walucie funkcjonalnej  innej ni\u017c PLN Dla <span class=\"_ _5e\"> </span>cel\u00f3w <span class=\"_ _5e\"> </span>sporz\u0105dzenia <span class=\"_ _55\"> </span>skonsolidowanego <span class=\"_ _5e\"> </span>sprawozdania<span class=\"_ _3\"></span> finansowego <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>walucie <span class=\"_ _53\"></span>prezentacji <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _0\"></span>KGH<span class=\"_ _3\"></span>M Polska <span class=\"_ _69\"> </span>Mied\u017a <span class=\"_ _69\"> </span>S.A. <span class=\"_ _69\"> </span>tj. <span class=\"_ _69\"> </span>w <span class=\"_ _67\"> </span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _69\"> </span>dokonuje <span class=\"_ _67\"> </span>si\u0119 <span class=\"_ _5d\"> </span>przeli<span class=\"_ _3\"></span>cze\u0144 poszczeg\u00f3lnych  pozycji <span class=\"_ _57\"> </span>sprawozda<span class=\"_ _3\"></span>\u0144 <span class=\"_ _57\"> </span>finansowych  je<span class=\"_ _2\"></span>dnostek<span class=\"_ _3\"></span> zagranicznych, dla <span class=\"_ _3\"></span>kt\u00f3rych walut\u0105 funkcjonal<span class=\"_ _3\"></span>n\u0105 jest waluta inna ni\u017c PLN, w <span class=\"_ _3\"></span>nast\u0119puj\u0105cy spos\u00f3b:<span class=\"_ _3\"></span> (i)<span class=\"ff8\"> <span class=\"_ _56\"> </span></span>pozycje  aktyw\u00f3w  i <span class=\"_ _58\"> </span>zobowi\u0105za\u0144 <span class=\"_ _58\"> </span>-  po  kursie <span class=\"_ _58\"> </span>zamkni\u0119cia, tj. po  kursie  \u015brednim  ob<span class=\"_ _3\"></span>owi\u0105zuj\u0105cym  na  koniec  okr<span class=\"_ _3\"></span>esu sprawozdawczeg<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>og\u0142oszonym <span class=\"_ _59\"> </span>dla <span class=\"_ _57\"> </span>danej <span class=\"_ _59\"> </span>waluty <span class=\"_ _59\"> </span>przez<span class=\"_ _3\"></span> NBP, (ii)<span class=\"ff8\"> <span class=\"_ _67\"> </span></span>pozycje <span class=\"_ _35\"> </span>sprawozdania <span class=\"_ _6a\"> </span>z <span class=\"_ _6a\"> </span>wyniku, <span class=\"_ _35\"> </span>sprawozdania z ca\u0142kowitych <span class=\"_ _54\"> </span>dochod\u00f3w, <span class=\"_ _54\"> </span>sprawozdania <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>przep\u0142yw\u00f3w pieni\u0119\u017cnych <span class=\"_ _6b\"> </span>- <span class=\"_ _6b\"> </span>po <span class=\"_ _6b\"> </span>kursie <span class=\"_ _6b\"> </span>stanowi\u0105cym <span class=\"_ _6b\"> </span>\u015bredni\u0105<span class=\"_ _3\"></span> arytmetyczn\u0105 kurs<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5e\"> </span>\u015brednich <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>g\u0142aszanych <span class=\"_ _55\"> </span>dla <span class=\"_ _5e\"> </span>danej waluty <span class=\"_ _59\"> </span>przez <span class=\"_ _59\"> </span>NBP <span class=\"_ _57\"> </span>na<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>ostatni <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>ka\u017cdego <span class=\"_ _59\"> </span>miesi\u0105ca<span class=\"_ _3\"></span> danego <span class=\"_ _6c\"> </span>okresu <span class=\"_ _6c\"> </span>sprawozdaw<span class=\"_ _3\"></span>czego. <span class=\"_ _6c\"> </span>W <span class=\"_ _6c\"> </span>przypadku znacznych waha\u0144 <span class=\"_ _67\"> </span>kursu <span class=\"_ _69\"> </span>wymiany <span class=\"_ _69\"> </span>w <span class=\"_ _69\"> </span>danym <span class=\"_ _67\"> </span>o<span class=\"_ _2\"></span>kresie przychody <span class=\"_ _6d\"> </span>i <span class=\"_ _6d\"> </span>koszty <span class=\"_ _6d\"> </span>sprawozdania <span class=\"_ _6d\"> </span>z <span class=\"_ _6d\"> </span>wyniku i sprawozdania <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>ca\u0142kowitych <span class=\"_ _54\"> </span>dochod<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _54\"> </span>przelicza <span class=\"_ _54\"> </span>si\u0119 po kursach z dnia<span class=\"_ _3\"></span> transakcji, R\u00f3\u017cnice <span class=\"_ _64\"> </span>kursowe <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>przeliczenia <span class=\"_ _64\"> </span>sprawozda\u0144 <span class=\"_ _64\"> </span>jednostek<span class=\"_ _3\"></span>  o walucie <span class=\"_ _37\"> </span>funkcjonalnej <span class=\"_ _37\"> </span>innej <span class=\"_ _6c\"> </span>ni\u017c <span class=\"_ _37\"> </span>PLN<span class=\"_ _2\"></span> <span class=\"_ _37\"> </span>ujmuje <span class=\"_ _6c\"> </span>si\u0119 w pozosta\u0142ych ca<span class=\"_ _3\"></span>\u0142kowitych dochodach da<span class=\"_ _3\"></span>nego okresu. Skonsolidowane <span class=\"_ _6e\"> </span>sprawozdanie<span class=\"_ _3\"></span> finansowe <span class=\"_ _2\"></span>prezentowane <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>w PLN, kt\u00f3ry <span class=\"_ _6b\"> </span>stanowi <span class=\"_ _6b\"> </span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c <span class=\"_ _6b\"> </span>walut\u0119 funkcjonaln\u0105  Jednostki <span class=\"_ _57\"> </span>Dominu<span class=\"_ _3\"></span>j\u0105cej i jednostek <span class=\"_ _6f\"> </span>zale\u017cnych <span class=\"_ _6f\"> </span>Grupy<span class=\"_ _3\"></span> Kapita\u0142owej za <span class=\"_ _3\"></span>wyj\u0105tkiem: Jednostki <span class=\"_ _2\"></span>zale\u017cnej <span class=\"_ _53\"></span>Future <span class=\"_ _2\"></span>1 <span class=\"_ _53\"></span>Sp. <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>o.o. oraz <span class=\"_ _69\"> </span>jednostek <span class=\"_ _67\"> </span>grupy <span class=\"_ _69\"> </span>kapita\u0142owej ni\u017cszego <span class=\"_ _70\"> </span>szczebla <span class=\"_ _70\"> </span>KGHM INTERNATIONAL <span class=\"_ _55\"> </span>LTD., <span class=\"_ _55\"> </span>dla <span class=\"_ _5e\"> </span>kt\u00f3rych  walut\u0119 funkcjonaln\u0105 stanowi g<span class=\"_ _2\"></span>\u0142\u00f3wnie dolar ameryka\u0144ski (<span class=\"_ _3\"></span>USD). Saldo r\u00f3\u017cnic kursow<span class=\"_ _3\"></span>ych  z przeliczenia sprawozda\u0144<span class=\"_ _3\"></span> powy\u017cszych jedno<span class=\"_ _3\"></span>stek wynios\u0142o: w 2022 <span class=\"_ _3\"></span>r. \u2013 2 554 mln PLN, w 2021 <span class=\"_ _3\"></span>r. \u2013 2 619 mln PLN (patrz Nota 8.2.2 Z<span class=\"_ _3\"></span>miany pozosta\u0142ych kapita\u0142\u00f3w)<span class=\"_ _192\"> </span>Transakcje w walucie obcej <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>wycena pozycji wyra\u017conych w walutach obcych Transakcje <span class=\"_ _5d\"> </span>wyra\u017cone <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>walutach <span class=\"_ _5d\"> </span>obcych <span class=\"_ _5d\"> </span>przelicza <span class=\"_ _5d\"> </span>si\u0119 na moment pocz\u0105<span class=\"_ _3\"></span>tkowego uj\u0119cia n<span class=\"_ _3\"></span>a walut\u0119 funkcjonaln\u0105: \u2022<span class=\"ff8\"> <span class=\"_ _71\"> </span><span class=\"ff2\">po <span class=\"_ _53\"></span>kursie <span class=\"_ _53\"></span>faktycznie <span class=\"_ _53\"></span>zastosowan<span class=\"_ _3\"></span>ym, <span class=\"_ _53\"></span>tj. <span class=\"_ _53\"></span>po <span class=\"_ _53\"></span>kursie <span class=\"_ _53\"></span>kupna </span></span>lub <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>walut <span class=\"_ _53\"></span>stosowanym <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>bank, <span class=\"_ _53\"></span>w kt\u00f3rym nast\u0119puje  transakcja,  w przypa<span class=\"_ _3\"></span>dku  o<span class=\"_ _2\"></span>peracji  sprzeda\u017cy<span class=\"_ _3\"></span> lub <span class=\"_ _67\"> </span>kupna <span class=\"_ _69\"> </span>walut <span class=\"_ _67\"> </span>oraz <span class=\"_ _67\"> </span>operacji <span class=\"_ _67\"> </span>zap\u0142aty <span class=\"_ _69\"> </span>nale\u017cno\u015bci<span class=\"_ _3\"></span> lub zobowi\u0105za\u0144,<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _71\"> </span><span class=\"ff2\">po <span class=\"_ _64\"> </span>\u015brednim <span class=\"_ _64\"> </span>kursie <span class=\"_ _64\"> </span>ustalonym <span class=\"_ _64\"> </span>dla <span class=\"_ _5d\"> </span>danej<span class=\"_ _2\"></span> <span class=\"_ _64\"> </span>waluty, </span></span>obowi\u0105zuj\u0105cym <span class=\"_ _62\"> </span>na <span class=\"_ _62\"> </span>dzie\u0144 <span class=\"_ _62\"> </span>zawarcia <span class=\"_ _62\"> </span>transakcji <span class=\"_ _62\"> </span>dla pozosta\u0142ych transak<span class=\"_ _3\"></span>cji.  Na <span class=\"_ _62\"> </span>ko<span class=\"_ _2\"></span>niec <span class=\"_ _62\"> </span>ka\u017cdego <span class=\"_ _62\"> </span>o<span class=\"_ _2\"></span>kresu <span class=\"_ _62\"> </span>sprawozdawczego <span class=\"_ _62\"> </span>pozycje pieni\u0119\u017cne <span class=\"_ _5e\"> </span>wyra\u017cone <span class=\"_ _5e\"> </span>w <span class=\"_ _5e\"> </span>walucie <span class=\"_ _67\"> </span>obcej <span class=\"_ _55\"> </span>przelicza <span class=\"_ _67\"> </span>si<span class=\"_ _3\"></span>\u0119 <span class=\"_ _67\"> </span>prz<span class=\"_ _3\"></span>y zastosowaniu ob<span class=\"_ _3\"></span>owi\u0105zuj\u0105cego w <span class=\"_ _3\"></span>tym dniu kursu zamk<span class=\"_ _3\"></span>ni\u0119cia. Zyski <span class=\"_ _58\"> </span>i <span class=\"_ _1\"> </span>straty <span class=\"_ _58\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _58\"> </span>r\u00f3\u017cnic <span class=\"_ _1\"> </span>kursowych <span class=\"_ _58\"> </span>powsta\u0142e <span class=\"_ _1\"> </span>w <span class=\"_ _58\"> </span>wyniku rozliczenia <span class=\"_ _2\"></span>transakcji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>walucie <span class=\"_ _53\"></span>obcej <span class=\"_ _2\"></span>oraz wyceny <span class=\"_ _2\"></span>bilansowej aktyw\u00f3w <span class=\"_ _58\"> </span>i  z<span class=\"_ _3\"></span>obowi\u0105za\u0144  pien<span class=\"_ _3\"></span>i\u0119\u017cnych <span class=\"_ _58\"> </span>(innych <span class=\"_ _58\"> </span>ni\u017c <span class=\"_ _58\"> </span>instrument<span class=\"_ _3\"></span>y pochodne) <span class=\"_ _35\"> </span>wyra\u017conych <span class=\"_ _60\"> </span>w <span class=\"_ _3\"></span>walutach <span class=\"_ _60\"> </span>obcych <span class=\"_ _35\"> </span>ujmuje si\u0119 w wyniku finanso<span class=\"_ _3\"></span>wym. Zyski <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>raty <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _2\"></span>zmiany <span class=\"_ _53\"></span>kurs\u00f3w <span class=\"_ _53\"></span>walut <span class=\"_ _2\"></span>dotycz\u0105ce <span class=\"_ _53\"></span>wyceny bilansowej <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>wyra\u017conych <span class=\"_ _53\"></span>w walucie obcej <span class=\"_ _5d\"> </span>ujmuje <span class=\"_ _5d\"> </span>si\u0119 <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>wyniku <span class=\"_ _69\"> </span>finansowym <span class=\"_ _5d\"> </span>jako <span class=\"_ _5d\"> </span>wycena do warto\u015bci <span class=\"_ _59\"> </span>godziwej, <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>ile <span class=\"_ _5a\"> </span>nie <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>elementem <span class=\"_ _59\"> </span>efektywnej cz\u0119\u015bci <span class=\"_ _53\"></span>zmiany <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _53\"></span>zabezpieczaj\u0105cych<span class=\"_ _3\"></span> przep\u0142ywy <span class=\"_ _58\"> </span>pieni<span class=\"_ _3\"></span>\u0119\u017cne. <span class=\"_ _58\"> </span>W takim <span class=\"_ _1\"> </span>przypadku <span class=\"_ _58\"> </span>s\u0105 <span class=\"_ _1\"> </span>one  u<span class=\"_ _3\"></span>jmowane w pozosta\u0142ych <span class=\"_ _57\"> </span>ca\u0142k<span class=\"_ _3\"></span>owitych <span class=\"_ _57\"> </span>dochodach, <span class=\"_ _57\"> </span>zgodni<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>zasadami rachunkowo\u015bci zab<span class=\"_ _3\"></span>ezpiecze\u0144. Zyski <span class=\"_ _57\"> </span>i <span class=\"_ _59\"> </span>stra<span class=\"_ _3\"></span>ty <span class=\"_ _59\"> </span>z  t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _57\"> </span>zmiany <span class=\"_ _57\"> </span>kurs\u00f3w <span class=\"_ _57\"> </span>walut <span class=\"_ _57\"> </span>powsta\u0142e <span class=\"_ _57\"> </span>na pozycjach <span class=\"_ _2\"></span>niepieni\u0119\u017cnych, <span class=\"_ _53\"></span>takich <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>instrumenty <span class=\"_ _53\"></span>kapita\u0142owe zaklasyfikowane <span class=\"_ _69\"> </span>do <span class=\"_ _69\"> </span>aktyw\u00f3w <span class=\"_ _5d\"> </span>finansowyc<span class=\"_ _3\"></span>h <span class=\"_ _5d\"> </span>wycenian<span class=\"_ _3\"></span>ych w warto\u015bci <span class=\"_ _54\"> </span>godziwej <span class=\"_ _54\"> </span>przez <span class=\"_ _5a\"> </span>pozosta\u0142e <span class=\"_ _54\"> </span>ca\u0142kowite <span class=\"_ _54\"> </span>dochody, ujmuje <span class=\"_ _56\"> </span>si\u0119 <span class=\"_ _61\"> </span>w <span class=\"_ _56\"> </span>pozosta\u0142ych <span class=\"_ _61\"> </span>ca\u0142kowitych <span class=\"_ _56\"> </span>dochodach <span class=\"_ _61\"> </span>i prezentuje w rama<span class=\"_ _3\"></span>ch wyceny do <span class=\"_ _3\"></span>warto\u015bci godziwej. Zyski <span class=\"_ _5e\"> </span>i <span class=\"_ _5e\"> </span>straty <span class=\"_ _5e\"> </span>z <span class=\"_ _5e\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _5e\"> </span>zmiany <span class=\"_ _55\"> </span>kurs\u00f3w <span class=\"_ _67\"> </span>walut <span class=\"_ _55\"> </span>powsta\u0142e na pozycjach <span class=\"_ _0\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>wycenianych <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _0\"></span>godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci <span class=\"_ _67\"> </span>godziwej) <span class=\"_ _69\"> </span>ujmuje <span class=\"_ _67\"> </span>si\u0119 <span class=\"_ _69\"> </span>jako <span class=\"_ _67\"> </span>e<span class=\"_ _2\"></span>lement <span class=\"_ _67\"> </span>wyceny w warto\u015bci godziwej<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span> Od <span class=\"_ _57\"> </span>dnia <span class=\"_ _57\"> </span>1 <span class=\"_ _59\"> </span>stycznia <span class=\"_ _57\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _57\"> </span>w<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>Grupie <span class=\"_ _59\"> </span>Kapita\u0142owej <span class=\"_ _57\"> </span>KGHM<span class=\"_ _3\"></span> Polska <span class=\"_ _5a\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _5a\"> </span>S.A. <span class=\"_ _54\"> </span>zosta\u0142a <span class=\"_ _5a\"> </span>wdro\u017cona <span class=\"_ _5a\"> </span>zmiana <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>zakresie kurs\u00f3w <span class=\"_ _54\"> </span>wym<span class=\"_ _3\"></span>iany <span class=\"_ _54\"> </span>walut <span class=\"_ _5a\"> </span>obcych <span class=\"_ _5a\"> </span>stosowanych <span class=\"_ _54\"> </span>do <span class=\"_ _5a\"> </span>wyceny operacji  sprzeda\u017cy <span class=\"_ _57\"> </span>lub <span class=\"_ _57\"> </span>kupna<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>walut  o<span class=\"_ _2\"></span>raz  operacji <span class=\"_ _57\"> </span>zap\u0142aty<span class=\"_ _3\"></span> nale\u017cno\u015bci <span class=\"_ _5e\"> </span>i <span class=\"_ _67\"> </span>zob<span class=\"_ _3\"></span>owi\u0105za\u0144 <span class=\"_ _5e\"> </span>(w <span class=\"_ _67\"> </span>tym <span class=\"_ _5e\"> </span>do <span class=\"_ _5e\"> </span>wyceny <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>ransakcji<span class=\"_ _3\"></span> otrzymania, <span class=\"_ _55\"> </span>udzielenia <span class=\"_ _55\"> </span>oraz <span class=\"_ _5e\"> </span>sp\u0142aty <span class=\"_ _55\"> </span>kredyt\u00f3w <span class=\"_ _5e\"> </span>i po\u017cyczek)<span class=\"_ _3\"></span> na walutowych <span class=\"_ _72\"> </span>rachunkach<span class=\"_ _3\"></span> <span class=\"_ _72\"> </span>bankowych <span class=\"_ _73\"> </span>Grupy. Do przeliczania <span class=\"_ _54\"> </span>takich <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>walut\u0119 <span class=\"_ _54\"> </span>funkcjonaln\u0105 stosuje <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _5a\"> </span>kurs <span class=\"_ _5a\"> </span>\u015bredni <span class=\"_ _5a\"> </span>obowi\u0105zuj\u0105cy <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>zawarcia<span class=\"_ _3\"></span> transakcji, <span class=\"_ _1\"> </span>gdzie <span class=\"_ _1\"> </span>kursem <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bowi\u0105z<span class=\"_ _3\"></span>uj\u0105cym <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>zawarcia transakcji <span class=\"_ _53\"></span>jest <span class=\"_ _0\"></span>\u015bredni <span class=\"_ _53\"></span>kurs <span class=\"_ _53\"></span>N<span class=\"_ _2\"></span>BP <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>statniego <span class=\"_ _53\"></span>dnia <span class=\"_ _0\"></span>roboczeg<span class=\"_ _3\"></span>o poprzedzaj\u0105cego <span class=\"_ _69\"> </span>dzie\u0144 <span class=\"_ _69\"> </span>transakcji. <span class=\"_ _69\"> </span>Zmiana <span class=\"_ _69\"> </span>stosowanych kurs\u00f3w  w<span class=\"_ _3\"></span>ymiany  wa<span class=\"_ _3\"></span>lut  s<span class=\"_ _3\"></span>tanowi, <span class=\"_ _74\"> </span>zgodnie  z <span class=\"_ _74\"> </span>MSR  8,<span class=\"_ _3\"></span>  zmia<span class=\"_ _3\"></span>n\u0119 warto\u015bci <span class=\"_ _5b\"> </span>szacunkowych, <span class=\"_ _63\"> </span>a <span class=\"_ _5b\"> </span>je<span class=\"_ _2\"></span>j <span class=\"_ _63\"> </span>skutki <span class=\"_ _5b\"> </span>s\u0105 <span class=\"_ _63\"> </span>ujmowane prospektywnie <span class=\"_ _60\"> </span>dla <span class=\"_ _60\"> </span>okres\u00f3<span class=\"_ _3\"></span>w <span class=\"_ _60\"> </span>rozpoczynaj\u0105cych <span class=\"_ _60\"> </span>si\u0119 od 1 stycznia 2022 <span class=\"_ _3\"></span>r. i p\u00f3\u017aniej.<span class=\"_ _192\"> </span>- Dla lepszego zrozum<span class=\"_ _3\"></span>ienia danych u<span class=\"_ _3\"></span>j\u0119tych w skonsolidowanym <span class=\"_ _3\"></span>sprawozdaniu finans<span class=\"_ _3\"></span>owym przedstawion<span class=\"_ _3\"></span>o polityk\u0119 (zasady)<span class=\"_ _3\"></span> rachunkowo\u015bci o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>wa\u017cne <span class=\"_ _2\"></span>oszacowania, <span class=\"_ _2\"></span>za\u0142o\u017cenia <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>os\u0105dy <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>poszczeg\u00f3lnych notach <span class=\"_ _53\"></span>szczeg\u00f3\u0142ow<span class=\"_ _3\"></span>ych, <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>podano <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>tabeli poni\u017cej. <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>por\u00f3wnaniu <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>okresu <span class=\"_ _53\"></span>sprawozdawcz<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zako\u0144czonego <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _2\"></span>r. <span class=\"_ _0\"></span>nie <span class=\"_ _53\"></span>mia\u0142y <span class=\"_ _53\"></span>miejsca <span class=\"_ _53\"></span>istotne <span class=\"_ _53\"></span>zmiany w sposobie <span class=\"_ _54\"> </span>dokonywania <span class=\"_ _55\"> </span>szacunk\u00f3w. <span class=\"_ _55\"> </span>Zmiany <span class=\"_ _55\"> </span>w <span class=\"_ _55\"> </span>warto\u015bciach <span class=\"_ _54\"> </span>szacunk\u00f3w <span class=\"_ _55\"> </span>na <span class=\"_ _55\"> </span>31 <span class=\"_ _55\"> </span>grudnia <span class=\"_ _55\"> </span>2022 <span class=\"_ _54\"> </span>r., <span class=\"_ _55\"> </span>w por\u00f3<span class=\"_ _2\"></span>wnaniu do wymienioneg<span class=\"_ _3\"></span>o okresu, wynikaj\u0105<span class=\"_ _3\"></span> ze zmian za\u0142o\u017ce\u0144 na sku<span class=\"_ _3\"></span>tek zmian okoliczno\u015bci <span class=\"_ _3\"></span>biznesowych i/<span class=\"_ _3\"></span>lub innych zmiennych.<span class=\"_ _3\"></span> * W sp<span class=\"_ _2\"></span>rawozda<span class=\"_ _2\"></span>niu z <span class=\"_ _2\"></span>sytuacji <span class=\"_ _2\"></span>finanso<span class=\"_ _2\"></span>wej kr\u00f3tkote<span class=\"_ _2\"></span>rminow<span class=\"_ _2\"></span>e reze<span class=\"_ _2\"></span>rwy n<span class=\"_ _2\"></span>a koszty <span class=\"_ _2\"></span>likwida<span class=\"_ _2\"></span>cji kopa<span class=\"_ _2\"></span>l\u0144 i <span class=\"_ _2\"></span>inny<span class=\"_ _2\"></span>ch obiekt\u00f3<span class=\"_ _2\"></span>w tech<span class=\"_ _2\"></span>nologicznych<span class=\"_ _2\"></span> uj\u0119<span class=\"_ _2\"></span>te s\u0105 w<span class=\"_ _2\"></span> pozycji Rezerwy n<span class=\"_ _2\"></span>a zobowi\u0105z<span class=\"_ _2\"></span>ania i inne obci<span class=\"_ _2\"></span>\u0105\u017cenia. Zasady <span class=\"_ _53\"></span>rachunkowo\u015bci <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>pisane <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>niniejszej <span class=\"_ _53\"></span>no<span class=\"_ _2\"></span>cie <span class=\"_ _53\"></span>jak <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>notach <span class=\"_ _53\"></span>szczeg\u00f3\u0142owych <span class=\"_ _53\"></span>stosowan<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>by\u0142y <span class=\"_ _0\"></span>przez <span class=\"_ _2\"></span>Grup\u0119 <span class=\"_ _0\"></span>Kapita\u0142<span class=\"_ _3\"></span>ow\u0105 w spos\u00f3b ci\u0105g\u0142y dla wsz<span class=\"_ _3\"></span>ystkich prezentowan<span class=\"_ _3\"></span>ych okres\u00f3w.<span class=\"_ _192\"> </span>Nota Tytu\u0142 Kwota uj\u0119ta w sp<span class=\"_ _3\"></span>rawozdaniu             <span class=\"_ _3\"></span>finansowym Zasady<span class=\"_ _192\"> </span>rachunko -<span class=\"_ _192\"> </span>wo\u015bci Wa\u017cne oszacowania, za\u0142o\u017cenia  i os\u0105dy 2022 <span class=\"_ _6\"> </span>2021<span class=\"_ _3\"></span> 2.3 <span class=\"_ _6c\"> </span>Przychody z um\u00f3<span class=\"_ _3\"></span>w z klientami <span class=\"_ _75\"> </span>33 847 <span class=\"_ _76\"> </span>29 803 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 3.1 <span class=\"_ _6c\"> </span>Utrata warto\u015bci akt<span class=\"_ _3\"></span>yw\u00f3w  <span class=\"_ _79\"> </span>(230) <span class=\"_ _7a\"> </span>(438) X 5.1 Podatek dochodow<span class=\"_ _3\"></span>y w sprawozdaniu z<span class=\"_ _3\"></span> wynik\u00f3w (1 715) <span class=\"_ _76\"> </span>(1 6<span class=\"_ _3\"></span>69) <span class=\"_ _77\"> </span>X <span class=\"_ _7b\"> </span> 5.1.1 <span class=\"_ _6c\"> </span>Odroczony p<span class=\"_ _3\"></span>odatek dochodowy<span class=\"_ _3\"></span> <span class=\"_ _75\"> </span>(533) <span class=\"_ _7a\"> </span>(186) <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 5.3 <span class=\"_ _6c\"> </span>Nale\u017cno\u015bci z <span class=\"_ _3\"></span>tytu\u0142u podatk\u00f3w <span class=\"_ _7c\"> </span>367 <span class=\"_ _7d\"> </span>368 <span class=\"_ _77\"> </span>X <span class=\"_ _7b\"> </span> 5.3 <span class=\"_ _6c\"> </span>Zobowi\u0105zania poda<span class=\"_ _3\"></span>tkowe <span class=\"_ _43\"> </span>(1 233) <span class=\"_ _76\"> </span>(1 45<span class=\"_ _3\"></span>5) <span class=\"_ _77\"> </span>X <span class=\"_ _7b\"> </span> 6.1 Wsp\u00f3lne przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119cia wycenia<span class=\"_ _3\"></span>ne metod\u0105 praw w\u0142asn<span class=\"_ _3\"></span>o\u015bci - <span class=\"_ _b\"> </span>- <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 6.2 Po\u017cyczki udzielone w<span class=\"_ _3\"></span>sp\u00f3lnemu przedsi\u0119wzi\u0119ciu<span class=\"_ _3\"></span> 9 603 <span class=\"_ _29\"> </span>8 314 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 7.2 <span class=\"_ _6c\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansow<span class=\"_ _3\"></span>e <span class=\"_ _7e\"> </span>357 <span class=\"_ _76\"> </span>(1 17<span class=\"_ _3\"></span>4) <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 7.3 Inne instrumenty finan<span class=\"_ _3\"></span>sowe wyceniane <span class=\"_ _3\"></span> w warto\u015bci godziwej<span class=\"_ _3\"></span> 606 <span class=\"_ _7d\"> </span>637 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 7.4 Inne instrumenty finan<span class=\"_ _3\"></span>sowe wyceniane <span class=\"_ _3\"></span> w zamortyzowanym <span class=\"_ _3\"></span>koszcie 469 <span class=\"_ _7d\"> </span>499 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 8.2 Kapita\u0142 w\u0142asny<span class=\"_ _192\"> </span>akcjonariuszy Jednostki Dominuj\u0105c<span class=\"_ _3\"></span>ej (32 089) <span class=\"_ _7f\"> </span>(27 046) X<span class=\"_ _192\"> </span>8.4.1 <span class=\"_ _6c\"> </span>Zad\u0142u\u017cenie <span class=\"_ _80\"> </span>(6 443) <span class=\"_ _76\"> </span>(5 9<span class=\"_ _3\"></span>49) X<span class=\"_ _192\"> </span>8.5 <span class=\"_ _6c\"> </span>\u015arodki pieni\u0119\u017cne i <span class=\"_ _3\"></span>ich ekwiwalent<span class=\"_ _3\"></span>y <span class=\"_ _81\"> </span>1 200 <span class=\"_ _29\"> </span>1 904 X<span class=\"_ _192\"> </span>8.6 Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u gwarancji i por\u0119cze\u0144 (1 326) <span class=\"_ _76\"> </span>(1 0<span class=\"_ _3\"></span>22) <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 9.1 Rzeczowe i niemat<span class=\"_ _3\"></span>erialne aktywa g\u00f3rnicze i hutnicz<span class=\"_ _3\"></span>e i hutnicze<span class=\"_ _192\"> </span>25 666 <span class=\"_ _76\"> </span>23 999 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 9.2 Pozosta\u0142e aktywa <span class=\"_ _3\"></span>rzeczowe  i niematerialne 2 964 <span class=\"_ _29\"> </span>3 085 <span class=\"_ _77\"> </span>X <span class=\"_ _7b\"> </span> 9.4 Rezerwy na koszty likwida<span class=\"_ _3\"></span>cji kopal\u0144 i innych obiekt\u00f3w*<span class=\"_ _3\"></span> (1 893) <span class=\"_ _76\"> </span>(1 5<span class=\"_ _3\"></span>52) <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 9.7 Ujawnienia dotycz\u0105c<span class=\"_ _3\"></span>e leasingu \u2013 Grupa jako leasingobiorca<span class=\"_ _3\"></span> 771 <span class=\"_ _7d\"> </span>703 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 9.8 Aktywa przeznaczon<span class=\"_ _3\"></span>e do sprzeda\u017c<span class=\"_ _3\"></span>y (grupa zbycia) i zwi\u0105z<span class=\"_ _3\"></span>ane z nimi zobowi\u0105zania  - <span class=\"_ _7d\"> </span>734 <span class=\"_ _77\"> </span>X <span class=\"_ _7b\"> </span> 10.1 <span class=\"_ _6c\"> </span>Zapasy <span class=\"_ _10\"> </span>8 902 <span class=\"_ _29\"> </span>6 487 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 10.2 <span class=\"_ _6c\"> </span>Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w <span class=\"_ _82\"> </span>1 178 <span class=\"_ _29\"> </span>1 026 <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 10.3 Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w i podobne (3 280) <span class=\"_ _76\"> </span>(3 2<span class=\"_ _3\"></span>01) <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 10.4 <span class=\"_ _6c\"> </span>Zmiana stanu <span class=\"_ _3\"></span>kapita\u0142u obrotowego <span class=\"_ _78\"> </span>(2 317) (2<span class=\"_ _192\"> </span>767)              ]<span class=\"_ _192\"> </span>X <span class=\"_ _78\"> </span>X 11.1 Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u \u015bwiadcze\u0144 pracowniczych (4 320) <span class=\"_ _76\"> </span>(3 7<span class=\"_ _3\"></span>56) <span class=\"_ _77\"> </span>X <span class=\"_ _78\"> </span>X 12.3 <span class=\"_ _6c\"> </span>Pozosta\u0142e akty<span class=\"_ _3\"></span>wa <span class=\"_ _83\"> </span>843 <span class=\"_ _7d\"> </span>498 <span class=\"_ _77\"> </span>X <span class=\"_ _7b\"> </span> 12.4 <span class=\"_ _6c\"> </span>Pozosta\u0142e zob<span class=\"_ _3\"></span>owi\u0105zania <span class=\"_ _84\"> </span>(1 872) <span class=\"_ _76\"> </span>(2 3<span class=\"_ _3\"></span>10) <span class=\"_ _77\"> </span>X <span class=\"_ _7b\"> </span>Nota 1.3 Wp\u0142yw nowyc<span class=\"_ _3\"></span>h i zmieni<span class=\"_ _3\"></span>onych standard\u00f3w i <span class=\"_ _3\"></span>interpretacji Zmiany do stand<span class=\"_ _3\"></span>ard\u00f3w zastosowane po r<span class=\"_ _3\"></span>az pierwszy w skon<span class=\"_ _3\"></span>solidowanym sp<span class=\"_ _3\"></span>rawozdaniu finans<span class=\"_ _3\"></span>owym za 2022 rok: \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany do MSS<span class=\"_ _3\"></span>F 3<span class=\"ff2 fc0\"> dotycz\u0105ce odniesi<span class=\"_ _3\"></span>e\u0144 do Za\u0142o\u017ce\u0144 koncepc<span class=\"_ _3\"></span>yjnych,<span class=\"ff1\"> </span></span></span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _57\"> </span>do <span class=\"_ _59\"> </span>MSR <span class=\"_ _59\"> </span>16<span class=\"ff2 fc0\"> <span class=\"_ _57\"> </span>dotycz\u0105ce <span class=\"_ _57\"> </span>przychod\u00f3w <span class=\"_ _59\"> </span>osi\u0105gni\u0119tych <span class=\"_ _57\"> </span>przed <span class=\"_ _59\"> </span>oddaniem <span class=\"_ _57\"> </span>sk\u0142adnika <span class=\"_ _59\"> </span>rzecz<span class=\"_ _3\"></span>owych <span class=\"_ _59\"> </span>aktyw\u00f3w<span class=\"_ _3\"></span> </span></span></span>trwa\u0142ych do u\u017cytko<span class=\"_ _3\"></span>wania,  \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany do MSR <span class=\"_ _3\"></span>37<span class=\"ff2 fc0\"> dotycz\u0105ce kosz<span class=\"_ _3\"></span>t\u00f3w wykonania um\u00f3w rodz\u0105c<span class=\"_ _3\"></span>ych obci\u0105\u017cenia,<span class=\"_ _3\"></span> </span></span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Roczne zmiany d<span class=\"_ _3\"></span>o MSSF 2018-20<span class=\"_ _3\"></span>20<span class=\"ff2 fc0\"> - zmiany do MSR <span class=\"_ _3\"></span>41, MSSF 1, MSSF 9.<span class=\"_ _3\"></span> </span></span></span>Powy\u017csze <span class=\"_ _1\"> </span>zmiany <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>standard\u00f3w <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>dnia <span class=\"_ _1\"> </span>publikacji <span class=\"_ _74\"> </span>niniejszego <span class=\"_ _1\"> </span>skonsolidowanego <span class=\"_ _0\"> </span>sprawozdania <span class=\"_ _1\"> </span>finansowego zatwierdzone <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>stosowania <span class=\"_ _0\"></span>przez <span class=\"_ _53\"></span>Uni\u0119 <span class=\"_ _0\"></span>Europejsk\u0105. <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>ocenia, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _53\"></span>zmiany <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>standard\u00f3w <span class=\"_ _0\"></span>b\u0119d\u0105 <span class=\"_ _53\"></span>mia\u0142y <span class=\"_ _0\"></span>zastosowanie do dzia\u0142alno\u015bci <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zakresie <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>jakim <span class=\"_ _1\"> </span>wyst\u0105pi\u0105 <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>przysz\u0142o\u015bci <span class=\"_ _1\"> </span>operacje <span class=\"_ _0\"> </span>gospodarcze, <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>ransakcje <span class=\"_ _0\"> </span>lub <span class=\"_ _1\"> </span>inne <span class=\"_ _1\"> </span>zdarzenia, do kt\u00f3rych te zmian<span class=\"_ _3\"></span>y w standardach b<span class=\"_ _3\"></span>\u0119d\u0105 si\u0119 odnosi\u0107.  W <span class=\"_ _5a\"> </span>szczeg\u00f3lno\u015bci <span class=\"_ _59\"> </span>zastosowanie<span class=\"ff1\"> <span class=\"_ _59\"> </span><span class=\"fc2\">zm<span class=\"_ _2\"></span>ian <span class=\"_ _5a\"> </span>do <span class=\"_ _5a\"> </span>MSR <span class=\"_ _59\"> </span>16</span></span> <span class=\"_ _5a\"> </span>odno\u015bnie <span class=\"_ _59\"> </span>przychod\u00f3w <span class=\"_ _5a\"> </span>osi\u0105gni\u0119tych <span class=\"_ _5a\"> </span>przed <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>ddaniem <span class=\"_ _59\"> </span>sk\u0142adnika rzeczowych  aktyw\u00f3w <span class=\"_ _57\"> </span>trwa\u0142ych  do <span class=\"_ _57\"> </span>u\u017cytkowania,  wi\u0105\u017ce <span class=\"_ _57\"> </span>si\u0119  ze<span class=\"_ _2\"></span>  zmian\u0105  po<span class=\"_ _2\"></span>lityki  rachunkowo\u015bci  Grupy <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>tym <span class=\"_ _57\"> </span>zakresi<span class=\"_ _3\"></span>e. Dotychczas <span class=\"_ _59\"> </span>Grupa <span class=\"_ _57\"> </span>sto<span class=\"_ _2\"></span>sowa\u0142a <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>lityk\u0119 <span class=\"_ _59\"> </span>rachunk<span class=\"_ _3\"></span>owo\u015bci, <span class=\"_ _59\"> </span>zgodnie <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>kt\u00f3<span class=\"_ _2\"></span>r\u0105 <span class=\"_ _59\"> </span>pomniejsza\u0142a <span class=\"_ _59\"> </span>nak\u0142ady <span class=\"_ _57\"> </span>o <span class=\"_ _59\"> </span>kwot<span class=\"_ _2\"></span>\u0119 <span class=\"_ _59\"> </span>przychod\u00f3<span class=\"_ _3\"></span>w osi\u0105gni\u0119tych <span class=\"_ _0\"></span>przed <span class=\"_ _1\"> </span>oddaniem <span class=\"_ _0\"></span>sk\u0142adnika <span class=\"_ _0\"></span>rzeczowych <span class=\"_ _0\"></span>aktyw\u00f3w <span class=\"_ _0\"> </span>trwa\u0142ych <span class=\"_ _1\"> </span>do <span class=\"_ _0\"> </span>u\u017cytkowania, <span class=\"_ _0\"></span>co<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>incydentalnie <span class=\"_ _0\"></span>mia\u0142o <span class=\"_ _1\"> </span>miejsce w trakcie <span class=\"_ _0\"></span>budowy <span class=\"_ _0\"></span>szyb\u00f3w <span class=\"_ _53\"></span>g\u00f3rniczych. <span class=\"_ _0\"></span>Zgodnie <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>zmianami, <span class=\"_ _0\"></span>przychody <span class=\"_ _0\"></span>uzyskan<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>sprzeda\u017cy <span class=\"_ _0\"></span>wyrob\u00f3w <span class=\"_ _0\"></span>wytworzonych<span class=\"_ _3\"></span> w trakcie <span class=\"_ _2\"></span>doprowadzania sk\u0142adnika aktyw\u00f3w <span class=\"_ _53\"></span>do po\u017c\u0105danego <span class=\"_ _2\"></span>miejsca <span class=\"_ _2\"></span>i stanu <span class=\"_ _2\"></span>(np. <span class=\"_ _2\"></span>produkcja te<span class=\"_ _2\"></span>stowa) wraz <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>powi\u0105zanymi kosztami,  powinny  by\u0107  ujmowa<span class=\"_ _3\"></span>ne  w  wyniku  finansowym  okresu.  Przepisy  przej\u015bciowe  w  zakresie  impl<span class=\"_ _3\"></span>ementacji  tej zmiany <span class=\"_ _69\"> </span>maj\u0105 <span class=\"_ _5d\"> </span>zastos<span class=\"_ _3\"></span>owanie <span class=\"_ _5d\"> </span>retrosp<span class=\"_ _3\"></span>ektywne <span class=\"_ _5d\"> </span>w <span class=\"_ _69\"> </span>odniesieniu <span class=\"_ _69\"> </span>do <span class=\"_ _5d\"> </span>rzeczowych <span class=\"_ _69\"> </span>aktyw\u00f3w <span class=\"_ _69\"> </span>trwa\u0142ych <span class=\"_ _69\"> </span>udost\u0119pnionych<span class=\"_ _3\"></span> do u\u017cytkowania <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>dniu <span class=\"_ _0\"></span>lub <span class=\"_ _53\"></span>po <span class=\"_ _0\"></span>dniu <span class=\"_ _53\"></span>rozpocz\u0119cia <span class=\"_ _0\"></span>najwcz<span class=\"_ _3\"></span>e\u015bniejszego <span class=\"_ _0\"></span>prez<span class=\"_ _3\"></span>entowanego <span class=\"_ _53\"></span>okresu. <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>zastosowa\u0142a <span class=\"_ _0\"></span>zmiany do <span class=\"_ _2\"></span>MSR <span class=\"_ _53\"></span>16 <span class=\"_ _2\"></span>pocz\u0105wsz<span class=\"_ _3\"></span>y <span class=\"_ _53\"></span>od <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>stycznia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>W <span class=\"_ _53\"></span>zakresie <span class=\"_ _2\"></span>zastosowa<span class=\"_ _3\"></span>nia <span class=\"_ _2\"></span>przepis\u00f3w <span class=\"_ _53\"></span>przej\u015bci<span class=\"_ _3\"></span>owych <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>nie <span class=\"_ _53\"></span>zidentyfik<span class=\"_ _3\"></span>owa\u0142a istotnych pozycji rz<span class=\"_ _3\"></span>eczowych aktyw\u00f3w <span class=\"_ _3\"></span>trwa\u0142ych, kt\u00f3re podle<span class=\"_ _3\"></span>ga\u0142yby korekcie na <span class=\"_ _3\"></span>dzie\u0144 1 stycznia 20<span class=\"_ _3\"></span>21 r. lub p\u00f3\u017aniej. Nota 1.4 Opubl<span class=\"_ _3\"></span>ikowane standardy <span class=\"_ _3\"></span>i interpretacje, kt\u00f3r<span class=\"_ _3\"></span>e jeszcze nie obowi\u0105<span class=\"_ _3\"></span>zuj\u0105 i nie zosta\u0142y <span class=\"_ _3\"></span>wcze\u015bniej zastosowane pr<span class=\"_ _3\"></span>zez Grup\u0119. Opublikowane, <span class=\"_ _59\"> </span>lecz <span class=\"_ _59\"> </span>jeszcze <span class=\"_ _5a\"> </span>nieobowi\u0105zuj\u0105ce <span class=\"_ _59\"> </span>standardy <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>interpretacje, <span class=\"_ _5a\"> </span>przyj\u0119te <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>stosowani<span class=\"_ _3\"></span>a <span class=\"_ _5a\"> </span>przez <span class=\"_ _59\"> </span>U<span class=\"_ _2\"></span>ni\u0119 Europejsk\u0105: <span class=\"ff2 fc0\"> </span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">MSSF <span class=\"_ _53\"></span>17<span class=\"ff2 fc0\"> <span class=\"_ _53\"></span>Umowy <span class=\"_ _53\"></span>ubezpieczenia <span class=\"_ _2\"></span>wraz <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>zmianami <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>MSSF <span class=\"_ _53\"></span>17 <span class=\"_ _53\"></span>opublikowanymi <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2020 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r., <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>dat\u0105 </span></span></span>wej\u015bcia w \u017cycie <span class=\"_ _3\"></span>od 1 stycznia 2023 r<span class=\"_ _3\"></span>. lub p\u00f3\u017aniej. \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>MSR <span class=\"_ _53\"></span>1 <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>Stanowiska <span class=\"_ _0\"></span>Praktycznego <span class=\"_ _53\"></span>2 <span class=\"_ _53\"></span><span class=\"ff2 fc0\">dotycz\u0105ce <span class=\"_ _0\"></span>ujawnie\u0144 <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zakresie <span class=\"_ _0\"></span>polityki <span class=\"_ _53\"></span>rachunkowo\u015bci, <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>dat\u0105 </span></span></span>wej\u015bcia <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>\u017cycie <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>1 <span class=\"_ _1\"> </span>stycznia <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>lub <span class=\"_ _0\"> </span>p\u00f3<span class=\"_ _2\"></span>\u017aniej. <span class=\"_ _0\"></span>W <span class=\"_ _0\"></span>standardzie <span class=\"_ _0\"></span>zast\u0105piono <span class=\"_ _0\"></span>wym\u00f3g <span class=\"_ _0\"></span>ujawniania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>jednostki \u201eznacz\u0105cych\u201d zasad rachunkowo\u015bci wymogi<span class=\"_ _3\"></span>em ujawniania \u201eistotnych\u201d zasad rachunkowo\u015bci. Informacje w zakresie polityki <span class=\"_ _0\"></span>rachunkowo\u015bci <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _1\"> </span>istotn<span class=\"_ _3\"></span>e, <span class=\"_ _1\"> </span>je\u015bli <span class=\"_ _0\"></span>rozpatrywane <span class=\"_ _0\"></span>\u0142\u0105cznie <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>innymi <span class=\"_ _0\"></span>informacjami <span class=\"_ _0\"></span>zawartymi <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>sprawozdaniu finansowym mog\u0105, wg racjonalnych oczekiwa\u0144, wp\u0142ywa\u0107 na decyzje podejmowane na podstawie tych sprawozda\u0144 finansowych, przez <span class=\"_ _3\"></span>ich g\u0142\u00f3wnych u\u017cytkown<span class=\"_ _3\"></span>ik\u00f3w.  \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>MSR <span class=\"_ _53\"></span>8<span class=\"fc0\"> <span class=\"_ _2\"></span><span class=\"ff2\">doty<span class=\"_ _2\"></span>cz\u0105ce <span class=\"_ _2\"></span>wprowadzenia <span class=\"_ _2\"></span>definicji <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>szacunkowych, <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>dat\u0105 <span class=\"_ _2\"></span>wej\u015bcia <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>\u017cycie<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>1 <span class=\"_ _2\"></span>stycznia </span></span></span></span>2023 <span class=\"_ _5a\"> </span>r. <span class=\"_ _5a\"> </span>lub <span class=\"_ _54\"> </span>p\u00f3\u017aniej. <span class=\"_ _5a\"> </span>Zgodnie <span class=\"_ _54\"> </span>ze <span class=\"_ _5a\"> </span>zmienionym <span class=\"_ _5a\"> </span>standardem, <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _54\"> </span>szacunk<span class=\"_ _3\"></span>owe <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _5a\"> </span>to <span class=\"_ _5a\"> </span>pozycje <span class=\"_ _5a\"> </span>pi<span class=\"_ _2\"></span>eni\u0119\u017cne<span class=\"_ _3\"></span> w sprawozdaniu <span class=\"_ _0\"> </span>f<span class=\"_ _2\"></span>inansowym,<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _1\"> </span>wycena <span class=\"_ _1\"> </span>podlega <span class=\"_ _1\"> </span>niepewno\u015bci <span class=\"_ _1\"> </span>pomiaru. <span class=\"_ _0\"> </span>Wprowadzenie <span class=\"_ _1\"> </span>niniejszej <span class=\"_ _1\"> </span>definicji pomo\u017ce jednostk<span class=\"_ _3\"></span>om w rozr\u00f3\u017cnianiu <span class=\"_ _3\"></span>zmian polityki rachunkow<span class=\"_ _3\"></span>o\u015bci od zmian <span class=\"_ _3\"></span>warto\u015bci szacunkowyc<span class=\"_ _3\"></span>h.<span class=\"ff1\"> </span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _5a\"> </span>do <span class=\"_ _5a\"> </span>MSR <span class=\"_ _5a\"> </span>12<span class=\"fc0\"> <span class=\"_ _5a\"> </span><span class=\"ff2\">dotycz\u0105ce <span class=\"_ _5a\"> </span>podatku <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>droczonego <span class=\"_ _59\"> </span>od <span class=\"_ _54\"> </span>a<span class=\"_ _3\"></span>ktyw\u00f3w <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>zobowi\u0105za\u0144 <span class=\"_ _5a\"> </span>powstaj\u0105cych <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>skutek<span class=\"_ _3\"></span> </span></span></span></span>pojedynczej <span class=\"_ _5a\"> </span>t<span class=\"_ _2\"></span>ransakcji, <span class=\"_ _5a\"> </span>z <span class=\"_ _54\"> </span>dat\u0105 <span class=\"_ _54\"> </span>wej\u015bcia <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>\u017cycie <span class=\"_ _54\"> </span>od <span class=\"_ _54\"> </span>1 <span class=\"_ _5a\"> </span>sty<span class=\"_ _2\"></span>cznia <span class=\"_ _5a\"> </span>2023 <span class=\"_ _54\"> </span>r. <span class=\"_ _54\"> </span>lub <span class=\"_ _54\"> </span>p\u00f3\u017aniej. <span class=\"_ _54\"> </span>Standar<span class=\"_ _3\"></span>d <span class=\"_ _54\"> </span>wprowadza<span class=\"_ _3\"></span> do paragraf\u00f3w <span class=\"_ _0\"></span>15 <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>24 <span class=\"_ _1\"> </span>doprecyzowanie, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _1\"> </span>wy\u0142\u0105czenie <span class=\"_ _0\"> </span>z <span class=\"_ _1\"> </span>ujmowania <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>ksi\u0119g<span class=\"_ _2\"></span>ach <span class=\"_ _0\"> </span>rachunkowych <span class=\"_ _1\"> </span>zobowi\u0105za\u0144 <span class=\"_ _1\"> </span>lub aktyw\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>podatku <span class=\"_ _53\"></span>odroczonego <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>dotyczy <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ransakcji,<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>kt\u00f3re <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>moment <span class=\"_ _53\"></span>pocz\u0105tkow<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>uj\u0119cia <span class=\"_ _53\"></span>powoduj\u0105 jednoczesne <span class=\"_ _57\"> </span>powstanie  je<span class=\"_ _2\"></span>dnakowych  kwot <span class=\"_ _59\"> </span>opoda<span class=\"_ _3\"></span>tkowanych <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>potr\u0105calnych, <span class=\"_ _57\"> </span>tj. <span class=\"_ _57\"> </span>dodatnich  i <span class=\"_ _59\"> </span>ujemnych <span class=\"_ _57\"> </span>r\u00f3\u017cnic przej\u015bciowych.  Grupa  ocenia,  \u017ce  pierwsze  zastos<span class=\"_ _3\"></span>owanie  niniejszej  zmiany  nie  b\u0119dzie  mie\u0107  istotnego  wp\u0142ywu na skonsolidowane s<span class=\"_ _3\"></span>prawozdanie finans<span class=\"_ _3\"></span>owe. Opublikowane, l<span class=\"_ _3\"></span>ecz jeszcze nieobowi<span class=\"_ _3\"></span>\u0105zuj\u0105ce standardy <span class=\"_ _3\"></span>i interpretacje, ocz<span class=\"_ _3\"></span>ekuj\u0105ce na przyj\u0119cie d<span class=\"_ _3\"></span>o stosowania przez Uni\u0119 Europejs<span class=\"_ _3\"></span>k\u0105:  \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">MSSF <span class=\"_ _2\"></span>14 <span class=\"_ _2\"></span>Regulacyjne <span class=\"_ _2\"></span>rozliczenia <span class=\"_ _2\"></span>mi\u0119dzyokresow<span class=\"_ _3\"></span>e, <span class=\"_ _2\"></span><span class=\"ff2 fc0\">z <span class=\"_ _53\"></span>dat\u0105 <span class=\"_ _2\"></span>wej\u015bcia <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>\u017cycie <span class=\"_ _53\"></span>1 st<span class=\"_ _2\"></span>ycznia <span class=\"_ _2\"></span>2016 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>p\u00f3\u017aniej, <span class=\"_ _2\"></span>jednak </span></span></span>zgodnie <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>de<span class=\"_ _2\"></span>cyzj\u0105 <span class=\"_ _57\"> </span>Komisji <span class=\"_ _57\"> </span>Europejskiej, <span class=\"_ _57\"> </span>proces <span class=\"_ _57\"> </span>zatwierdzania <span class=\"_ _57\"> </span>standardu <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>wersji <span class=\"_ _59\"> </span>tymczasowej <span class=\"_ _57\"> </span>nie <span class=\"_ _57\"> </span>zostanie zainicjowany prz<span class=\"_ _3\"></span>ed ukazaniem si\u0119 standardu<span class=\"_ _3\"></span> w wersji ostat<span class=\"_ _3\"></span>ecznej. \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>MSSF <span class=\"_ _1\"> </span>10 <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>MSR <span class=\"_ _0\"></span>28<span class=\"ff2 fc0\"> <span class=\"_ _1\"> </span>dotycz\u0105ce <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _0\"></span>lub <span class=\"_ _1\"> </span>wniesienia <span class=\"_ _1\"> </span>aktyw\u00f3w <span class=\"_ _0\"> </span>pomi\u0119dzy <span class=\"_ _1\"> </span>inwestorem, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>jego </span></span></span>jednostkami stowar<span class=\"_ _3\"></span>zyszonymi lub <span class=\"_ _3\"></span>wsp\u00f3lnymi przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119ciami, (nie okre\u015blono da<span class=\"_ _3\"></span>ty wej\u015bcia w \u017cycie). \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>MSSF <span class=\"_ _53\"></span>16<span class=\"fc0\"> <span class=\"_ _53\"></span><span class=\"ff2\">dotycz\u0105ce</span> <span class=\"_ _2\"></span><span class=\"ff2\">zobowi\u0105za\u0144 <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _53\"></span>leasingu <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>transakcji <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>leasingu <span class=\"_ _53\"></span>zwrotnego, <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>dat\u0105 </span></span></span></span>wej\u015bcia w \u017cycie <span class=\"_ _3\"></span>od 1 stycznia 2024 r<span class=\"_ _3\"></span>. lub p\u00f3\u017aniej. <span class=\"ff1\"> </span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>MSR <span class=\"_ _0\"></span>1<span class=\"ff2 fc0\"> <span class=\"_ _0\"></span>dotycz\u0105ce <span class=\"_ _0\"></span>klasyfikacji <span class=\"_ _53\"></span>zobo<span class=\"_ _2\"></span>wi\u0105za\u0144 <span class=\"_ _53\"></span>jako <span class=\"_ _0\"></span>kr\u00f3tkoterminowe <span class=\"_ _0\"></span>lub <span class=\"_ _53\"></span>d\u0142<span class=\"_ _2\"></span>ugoterminow<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>(w <span class=\"_ _0\"></span>tym <span class=\"_ _0\"></span>zmiany<span class=\"_ _3\"></span> </span></span></span>dotycz\u0105ce <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>droczenia<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>daty <span class=\"_ _1\"> </span>wej\u015bcia <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>\u017cycie), <span class=\"_ _0\"> </span>z <span class=\"_ _1\"> </span>dat\u0105 <span class=\"_ _1\"> </span>wej\u015bcia <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>\u017cycie <span class=\"_ _0\"></span>od <span class=\"_ _1\"> </span>1 <span class=\"_ _1\"> </span>stycznia <span class=\"_ _0\"> </span>2024 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>lub <span class=\"_ _0\"></span>p\u00f3\u017aniej. <span class=\"_ _1\"> </span>Standard wprowadza <span class=\"_ _2\"></span>zmiany <span class=\"_ _2\"></span>u\u015bci\u015blaj\u0105ce <span class=\"_ _2\"></span>warunki <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>nieczne <span class=\"_ _2\"></span>dla <span class=\"_ _2\"></span>prezentacji <span class=\"_ _2\"></span>zo<span class=\"_ _2\"></span>bowi\u0105za\u0144 f<span class=\"_ _2\"></span>inansowych <span class=\"_ _2\"></span>jako <span class=\"_ _2\"></span>d\u0142ugoterminowe. Taka <span class=\"_ _0\"></span>prezentacja <span class=\"_ _1\"> </span>b\u0119dzie <span class=\"_ _0\"></span>mo\u017cliwa <span class=\"_ _0\"></span>tylko <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>przypadku <span class=\"_ _0\"></span>istnienia <span class=\"_ _0\"></span>bezwarunkowego <span class=\"_ _0\"></span>prawa <span class=\"_ _0\"></span>jednostki <span class=\"_ _0\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>odroczenia uregulowania <span class=\"_ _1\"> </span>zobowi\u0105z<span class=\"_ _3\"></span>ania <span class=\"_ _1\"> </span>powy\u017cej <span class=\"_ _1\"> </span>12 <span class=\"_ _1\"> </span>m-cy <span class=\"_ _1\"> </span>od <span class=\"_ _1\"> </span>dnia <span class=\"_ _1\"> </span>ko\u0144cz\u0105cego <span class=\"_ _1\"> </span>okres <span class=\"_ _1\"> </span>sprawozdawczy <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>jednocze\u015bnie <span class=\"_ _1\"> </span>zamiar jednostki <span class=\"_ _53\"></span>co <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>wcze\u015bniejszej <span class=\"_ _53\"></span>sp\u0142aty <span class=\"_ _0\"></span>nie <span class=\"_ _53\"></span>b\u0119dzie <span class=\"_ _53\"></span>mie\u0107 <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>t\u0119 <span class=\"_ _0\"></span>preze<span class=\"_ _3\"></span>ntacj\u0119 <span class=\"_ _0\"></span>wp\u0142ywu<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>Gdyby <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>MSR <span class=\"_ _53\"></span>1 <span class=\"_ _53\"></span>zosta\u0142y zastosowane <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>Grup\u0119 <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>niniejszym <span class=\"_ _1\"> </span>skonsolidowanym <span class=\"_ _1\"> </span>sprawozdaniu <span class=\"_ _1\"> </span>finansowym, <span class=\"_ _1\"> </span>prezentacja <span class=\"_ _1\"> </span>zobowi\u0105za\u0144 finansowych z tytu<span class=\"_ _3\"></span>\u0142u kredyt\u00f3w i po\u017cycz<span class=\"_ _3\"></span>ek na dzie\u0144 31.12.20<span class=\"_ _3\"></span>22 r. nie uleg\u0142aby z<span class=\"_ _3\"></span>mianie.  \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff1\">Zmiany <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>MSR <span class=\"_ _53\"></span>1<span class=\"ff2 fc0\"> <span class=\"_ _2\"></span>doty<span class=\"_ _2\"></span>cz\u0105ce<span class=\"ff1\"> <span class=\"_ _2\"></span></span>d\u0142ugoterminow<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>zobowi\u0105za\u0144 z <span class=\"_ _53\"></span>kowenantami, <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>dat\u0105 <span class=\"_ _2\"></span>we<span class=\"_ _2\"></span>j\u015bcia <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>\u017cycie <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>1 <span class=\"_ _2\"></span>stycznia </span></span></span>2024 <span class=\"_ _53\"></span>r. <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>p\u00f3\u017aniej. <span class=\"_ _0\"></span>Zmian<span class=\"_ _3\"></span>y <span class=\"_ _0\"></span>maj\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>celu <span class=\"_ _0\"></span>wyja\u015bni<span class=\"_ _3\"></span>enie, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _53\"></span>kowenanty, <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>warunki <span class=\"_ _0\"></span>maj\u0105 <span class=\"_ _53\"></span>by\u0107 <span class=\"_ _0\"></span>spe\u0142nione <span class=\"_ _53\"></span>przez jednostk\u0119 <span class=\"_ _74\"> </span>po  dniu <span class=\"_ _74\"> </span>ko<span class=\"_ _2\"></span>\u0144cz\u0105cym <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>kres  spra<span class=\"_ _3\"></span>wozdawczy, <span class=\"_ _74\"> </span>a  kt\u00f3re <span class=\"_ _74\"> </span>odnosz\u0105  si\u0119 <span class=\"_ _74\"> </span>do  prawa <span class=\"_ _74\"> </span>jednostki <span class=\"_ _74\"> </span>do  odroczenia<span class=\"_ _3\"></span> terminu wymagalno\u015bci zobowi\u0105z<span class=\"_ _3\"></span>ania o co<span class=\"_ _2\"></span> najmniej dwana\u015bcie miesi\u0119cy od zako\u0144czenia okresu spr<span class=\"_ _3\"></span>awozdawczego, nie <span class=\"_ _67\"> </span>wp\u0142ywaj\u0105 <span class=\"_ _69\"> </span>na <span class=\"_ _67\"> </span>klasyfikacj\u0119 <span class=\"_ _67\"> </span>zobowi\u0105za\u0144 <span class=\"_ _67\"> </span>jako <span class=\"_ _69\"> </span>kr\u00f3tko- <span class=\"_ _67\"> </span>lub <span class=\"_ _67\"> </span>d\u0142<span class=\"_ _2\"></span>ugotermin<span class=\"_ _3\"></span>owe <span class=\"_ _69\"> </span>na <span class=\"_ _67\"> </span>dzie\u0144 <span class=\"_ _67\"> </span>ko\u0144cz\u0105cy <span class=\"_ _69\"> </span>okres sprawozdawczy. <span class=\"_ _62\"> </span>Wymagane <span class=\"_ _62\"> </span>b\u0119dzie <span class=\"_ _61\"> </span>jednak <span class=\"_ _62\"> </span>ujawnienie <span class=\"_ _61\"> </span>informacji <span class=\"_ _62\"> </span>o <span class=\"_ _61\"> </span>takich <span class=\"_ _61\"> </span>kowenantach <span class=\"_ _62\"> </span>w <span class=\"_ _61\"> </span>notach do sprawozdania <span class=\"_ _2\"></span>finansowego <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>celu <span class=\"_ _53\"></span>umo\u017cliwienia <span class=\"_ _53\"></span>u\u017cytkownikom <span class=\"_ _53\"></span>sprawozda\u0144 <span class=\"_ _2\"></span>finansowych <span class=\"_ _53\"></span>zrozumienia <span class=\"_ _2\"></span>ryzyka, \u017ce <span class=\"_ _5d\"> </span>dane <span class=\"_ _5d\"> </span>zobowi\u0105zanie <span class=\"_ _5d\"> </span>mog\u0142oby <span class=\"_ _5d\"> </span>s<span class=\"_ _2\"></span>ta\u0107 <span class=\"_ _5d\"> </span>si\u0119 <span class=\"_ _5d\"> </span>wymagalne <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>ci\u0105gu <span class=\"_ _64\"> </span>12 <span class=\"_ _69\"> </span>mie<span class=\"_ _2\"></span>si\u0119cy <span class=\"_ _5d\"> </span>od <span class=\"_ _64\"> </span>zak<span class=\"_ _3\"></span>o\u0144czenia <span class=\"_ _5d\"> </span>okresu sprawozdawczeg<span class=\"_ _3\"></span>o. W <span class=\"_ _2\"></span>takiej sytuacji Standard wymaga ujawnienia opisu kowenantu, warto\u015bci zobowi\u0105za\u0144, kt\u00f3rych<span class=\"_ _3\"></span> dotyczy  oraz <span class=\"_ _57\"> </span>fakt\u00f3w <span class=\"_ _57\"> </span>i  okoliczno\u015bci,  je\u015bli <span class=\"_ _57\"> </span>wyst\u0105pi\u0105,  wskazuj\u0105cych  na <span class=\"_ _57\"> </span>istnienie  ryzyka <span class=\"_ _57\"> </span>niewywi\u0105z<span class=\"_ _3\"></span>ania <span class=\"_ _57\"> </span>si\u0119  przez jednostk\u0119 z war<span class=\"_ _3\"></span>unk\u00f3w kowenantu<span class=\"_ _3\"></span> w terminie wskazanym <span class=\"_ _3\"></span>po zako\u0144czeniu okresu spr<span class=\"_ _3\"></span>awozdawczego. Grupa <span class=\"_ _0\"></span>zamierza <span class=\"_ _0\"></span>zastosowa\u0107 <span class=\"_ _0\"></span>wsz<span class=\"_ _3\"></span>ystkie <span class=\"_ _0\"></span>opisane <span class=\"_ _0\"></span>powy\u017cej <span class=\"_ _0\"></span>zmiany <span class=\"_ _0\"></span>zgodnie <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>dat\u0105 <span class=\"_ _0\"></span>wej\u015bcia <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>\u017cycie, <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>wyj\u0105tkiem <span class=\"_ _53\"></span>MSSF <span class=\"_ _1\"> </span>17,<span class=\"_ _3\"></span> kt\u00f3ry nie b\u0119dzie mie\u0107 wp\u0142<span class=\"_ _3\"></span>ywu na skonsolidowane spraw<span class=\"_ _3\"></span>ozdanie finansowe Grupy <span class=\"_ _3\"></span>na dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2022 r. Grupa ocenia,<span class=\"_ _3\"></span> \u017ce <span class=\"_ _2\"></span>pozosta\u0142e <span class=\"_ _2\"></span>zmiany <span class=\"_ _2\"></span>do st<span class=\"_ _2\"></span>andard\u00f3w b\u0119d\u0105 <span class=\"_ _2\"></span>mia\u0142y <span class=\"_ _2\"></span>zastosowanie do <span class=\"_ _2\"></span>jej <span class=\"_ _2\"></span>dzia\u0142alno\u015bci <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>zakresie, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>jakim wyst<span class=\"_ _2\"></span>\u0105pi\u0105 w przysz\u0142o\u015bci operacje <span class=\"_ _74\"> </span>gospodarcze, <span class=\"_ _74\"> </span>transakcje <span class=\"_ _1\"> </span>lub  inn<span class=\"_ _3\"></span>e  zda<span class=\"_ _3\"></span>rzenia, <span class=\"_ _74\"> </span>kt\u00f3rych <span class=\"_ _74\"> </span>powy\u017csze <span class=\"_ _74\"> </span>zmiany <span class=\"_ _74\"> </span>w standardach dotycz\u0105 <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>raz, <span class=\"_ _1\"> </span>\u017ce  zmian<span class=\"_ _3\"></span>y do MSR <span class=\"_ _53\"></span>1 <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>Stanowiska <span class=\"_ _0\"></span>Prakt<span class=\"_ _3\"></span>ycznego <span class=\"_ _0\"></span>2 <span class=\"_ _53\"></span>odnosz\u0105ce <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>polityk <span class=\"_ _0\"></span>(zasad) <span class=\"_ _53\"></span>rachunkowo\u015bci <span class=\"_ _53\"></span>pre<span class=\"_ _2\"></span>zen<span class=\"_ _3\"></span>towanych <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>spraw<span class=\"_ _3\"></span>ozdaniu finansowym <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>wp\u0142yn\u0105 <span class=\"_ _1\"> </span>istotnie <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>zakres <span class=\"_ _1\"> </span>zasad <span class=\"_ _1\"> </span>rachunkowo\u015bci, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _1\"> </span>b\u0119d\u0105 <span class=\"_ _74\"> </span>ujawniane <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>Grup\u0119 <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>sprawozdaniach finansowych publiko<span class=\"_ _3\"></span>wanych dla okres<span class=\"_ _3\"></span>\u00f3w rocznych rozpocz<span class=\"_ _3\"></span>ynaj\u0105cych si\u0119 po dniu 1<span class=\"_ _3\"></span> stycznia 2023<span class=\"_ _3\"></span> r. Cz\u0119\u015b\u0107 2 \u2013 <span class=\"_ _2\"></span>Segmenty dz<span class=\"_ _2\"></span>ia\u0142alno\u015bci i inform<span class=\"_ _2\"></span>acje na tem<span class=\"_ _2\"></span>at przych<span class=\"_ _2\"></span>od\u00f3w Nota 2.1 Inform<span class=\"_ _3\"></span>acje dotycz\u0105ce segm<span class=\"_ _3\"></span>ent\u00f3w dzia\u0142alno\u015bci<span class=\"_ _3\"></span> Identyfikowane w <span class=\"_ _2\"></span>ramach <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>KGHM <span class=\"_ _2\"></span>Polska <span class=\"_ _2\"></span>Mied\u017a <span class=\"_ _2\"></span>S.A. <span class=\"_ _2\"></span>segmenty <span class=\"_ _2\"></span>operacyjne <span class=\"_ _2\"></span>wynikaj\u0105 ze struktury <span class=\"_ _2\"></span>Grupy, sposobu <span class=\"_ _67\"> </span>zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _5e\"> </span>Grup\u0105 <span class=\"_ _67\"> </span>oraz <span class=\"_ _5e\"> </span>poszczeg\u00f3lnymi <span class=\"_ _5e\"> </span>jednostkami <span class=\"_ _5e\"> </span>wchodz\u0105cymi <span class=\"_ _67\"> </span>w <span class=\"_ _5e\"> </span>sk\u0142ad <span class=\"_ _5e\"> </span>Grupy <span class=\"_ _67\"> </span>oraz <span class=\"_ _5e\"> </span>regularneg<span class=\"_ _3\"></span>o raportowania do Zar<span class=\"_ _3\"></span>z\u0105du Jednostki Domin<span class=\"_ _3\"></span>uj\u0105cej. W <span class=\"_ _0\"></span>ramach <span class=\"_ _0\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>identyfikuje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>obecnie <span class=\"_ _0\"> </span>nast\u0119puj\u0105ce <span class=\"_ _1\"> </span>se<span class=\"_ _3\"></span>gmenty <span class=\"_ _0\"> </span>sprawozdawcze, kt\u00f3re powsta\u0142y na <span class=\"_ _3\"></span>podstawie agregacj<span class=\"_ _3\"></span>i segment\u00f3w opera<span class=\"_ _3\"></span>cyjnych, z uwzgl\u0119dnieniem k<span class=\"_ _3\"></span>ryteri\u00f3w wymieni<span class=\"_ _3\"></span>onych w MSSF 8: Segment sprawozdawczy<span class=\"_ _3\"></span> Segmenty operacyj<span class=\"_ _3\"></span>ne zagregowane w dany<span class=\"_ _3\"></span>m segmencie spraw<span class=\"_ _3\"></span>ozdawczym Przes\u0142anki pod<span class=\"_ _3\"></span>obie\u0144stwa charakterys<span class=\"_ _3\"></span>tyki ekonomicznej seg<span class=\"_ _3\"></span>ment\u00f3w uwzgl<span class=\"_ _3\"></span>\u0119dnione przy dokonywaniu agr<span class=\"_ _3\"></span>egacji   KGHM Polska Mied\u017a S.A<span class=\"_ _3\"></span>. <span class=\"_ _6c\"> </span><span class=\"ff2 fc0\">KGHM Polska Mi<span class=\"_ _3\"></span>ed\u017a S.A. </span>Nie dotyczy (segmen<span class=\"_ _3\"></span>t operacyjny <span class=\"_ _3\"></span>jest to\u017csamy ze sprawozdawczym<span class=\"_ _3\"></span>) KGHM INTERNATIO<span class=\"_ _3\"></span>NAL LTD. Sp\u00f3\u0142ki Grupy KGHM INTERNATIONAL LT<span class=\"_ _3\"></span>D., gdzie segmentami op<span class=\"_ _3\"></span>eracyjnymi s\u0105 nast\u0119puj\u0105ce kopalni<span class=\"_ _3\"></span>e, z\u0142o\u017ca lub obszary wydobywcze <span class=\"_ _3\"></span>oraz przedsi\u0119biorstwa g<span class=\"_ _3\"></span>\u00f3rnicze: Zag\u0142\u0119bie Sudbury, <span class=\"_ _3\"></span>Robinson, Carlota, Franke*, D<span class=\"_ _3\"></span>MC, projekty Victoria i Ajax. Segmenty o<span class=\"_ _3\"></span>peracyjne funkcjonuj<span class=\"_ _3\"></span>\u0105ce w strukturach Grup<span class=\"_ _3\"></span>y Kapita\u0142owej KGH<span class=\"_ _3\"></span>M INTERNATIONAL LTD. z<span class=\"_ _3\"></span>lokalizowane s\u0105 w Ameryce P\u00f3\u0142n<span class=\"_ _3\"></span>ocnej i Po\u0142udniow<span class=\"_ _3\"></span>ej. Zarz\u0105d analizuje wyniki dzia\u0142alno\u015bci <span class=\"_ _3\"></span>dla nast\u0119puj\u0105cych se<span class=\"_ _3\"></span>gment\u00f3w operacyjnych: Zag<span class=\"_ _3\"></span>\u0142\u0119bie Sudbury, Robins<span class=\"_ _3\"></span>on, Carlota, Franke*, projekty Vic<span class=\"_ _3\"></span>toria i Ajax oraz pozo<span class=\"_ _3\"></span>sta\u0142ych. Dodatkowo otrzymuj<span class=\"_ _3\"></span>e i dokonuje analizy <span class=\"_ _3\"></span>raport\u00f3w sprawozdawczych <span class=\"_ _3\"></span>dla ca\u0142ej Grupy Ka<span class=\"_ _3\"></span>pita\u0142owej KGHM INTERNATIONAL LT<span class=\"_ _3\"></span>D. Przedmiotem dzia<span class=\"_ _3\"></span>\u0142alno\u015bci segment\u00f3w operac<span class=\"_ _3\"></span>yjnych jest dzia\u0142aln<span class=\"_ _3\"></span>o\u015b\u0107 poszukiwawcza i eksploatacyjna z<span class=\"_ _3\"></span>\u0142\u00f3\u017c miedzi, molibdenu, <span class=\"_ _3\"></span>srebra, z\u0142ota, niklu, platyny oraz<span class=\"_ _3\"></span> palladu. Segmenty operac<span class=\"_ _3\"></span>yjne zosta\u0142y zagreg<span class=\"_ _3\"></span>owane na podstawie podobie\u0144stwa d\u0142ug<span class=\"_ _3\"></span>oterminowych <span class=\"_ _3\"></span>mar\u017c realizowanych przez poszczeg<span class=\"_ _3\"></span>\u00f3lne segmenty, podobnych <span class=\"_ _3\"></span>produkt\u00f3w, procesu i metod pr<span class=\"_ _3\"></span>odukcji. Sierra Gorda S.<span class=\"_ _3\"></span>C.M. Sierra Gorda S.C.<span class=\"_ _3\"></span>M. (wsp\u00f3lne przedsi\u0119wzi\u0119cie) Nie dotyczy (segmen<span class=\"_ _3\"></span>t operacyjny <span class=\"_ _3\"></span>jest to\u017csamy ze sprawozdawczym<span class=\"_ _3\"></span>) Pozosta\u0142e segmenty<span class=\"_ _3\"></span> W ramach tej poz<span class=\"_ _3\"></span>ycji uwzgl\u0119dniono p<span class=\"_ _3\"></span>ozosta\u0142e sp\u00f3\u0142ki Grupy Kapita\u0142owej (ka\u017cd<span class=\"_ _3\"></span>a sp\u00f3\u0142ka stanowi oddzieln<span class=\"_ _3\"></span>y segment operacyjny). Agregacji dokonan<span class=\"_ _3\"></span>o z uwagi na to, \u017ce nie z<span class=\"_ _3\"></span>osta\u0142y spe\u0142nione kryteria wymagaj\u0105c<span class=\"_ _3\"></span>e wydzielenia z <span class=\"_ _3\"></span>tej grupy odr\u0119bnego dodatkowego s<span class=\"_ _3\"></span>egmentu sprawozd<span class=\"_ _3\"></span>awczego. * Podmio<span class=\"_ _2\"></span>t zbyty w dni<span class=\"_ _2\"></span>u 26 kwietnia 2022 r. (<span class=\"_ _2\"></span>Nota 9.8)<span class=\"_ _2\"></span>. Do \u017cadnego z <span class=\"_ _3\"></span>wy\u017cej wymienionych segm<span class=\"_ _3\"></span>ent\u00f3w nie zosta\u0142y z<span class=\"_ _3\"></span>aklasyfikowane sp\u00f3\u0142ki:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">Future 1 <span class=\"_ _3\"></span>Sp. z o.o., kt\u00f3ra pe\u0142ni fun<span class=\"_ _3\"></span>kcje holdingowe w stosunku <span class=\"_ _3\"></span>do Grupy Ka<span class=\"_ _3\"></span>pita\u0142owej KGHM INTER<span class=\"_ _3\"></span>NATIONAL LTD.,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">Future  3  Sp.  z <span class=\"_ _57\"> </span>o.o.,  Future  4  Sp.  z  o<span class=\"_ _2\"></span>.o.,  Future  5  Sp. <span class=\"_ _57\"> </span>z  o.o.,  kt\u00f3re  funkcjonuj\u0105  w ramach  struktury  zwi\u0105zane<span class=\"_ _3\"></span>j </span></span>z utworzeniem Poda<span class=\"_ _3\"></span>tkowej Grupy Kapita\u0142ow<span class=\"_ _3\"></span>ej. Sp\u00f3\u0142ki <span class=\"_ _59\"> </span>te <span class=\"_ _57\"> </span>nie <span class=\"_ _59\"> </span>prowadz\u0105 <span class=\"_ _57\"> </span>dzia\u0142alno\u015bci <span class=\"_ _57\"> </span>operacyjnej <span class=\"_ _57\"> </span>maj\u0105cej <span class=\"_ _59\"> </span>wp<span class=\"_ _3\"></span>\u0142yw <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>wyniki <span class=\"_ _59\"> </span>osi\u0105gane <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>poszczeg\u00f3lne <span class=\"_ _57\"> </span>s<span class=\"_ _2\"></span>egmenty,<span class=\"_ _3\"></span> w zwi\u0105zku  z  czym  ich  uwzgl\u0119dnienie  mog\u0142oby  zaburza\u0107  dane  prezentowane  w  rama<span class=\"_ _3\"></span>ch  tej  cz\u0119<span class=\"_ _2\"></span>\u015bci  skonsolidowane<span class=\"_ _3\"></span>go sprawozdania <span class=\"_ _53\"></span>finansowego, <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>uwagi <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>istotne <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _0\"></span>rozrachunk\u00f3w <span class=\"_ _53\"></span>wewn\u0119trznych <span class=\"_ _0\"></span>z pozos<span class=\"_ _3\"></span>ta\u0142ymi <span class=\"_ _0\"></span>podmi<span class=\"_ _3\"></span>otami <span class=\"_ _0\"></span>Grupy Kapita\u0142owej. Segmenty <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>Po<span class=\"_ _2\"></span>lska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A., <span class=\"_ _0\"></span>KGHM <span class=\"_ _53\"></span>INTERNATIONAL <span class=\"_ _53\"></span>LTD. <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _0\"></span>S.C.M. <span class=\"_ _53\"></span>posiadaj\u0105 <span class=\"_ _53\"></span>oddzielne <span class=\"_ _53\"></span>Zarz\u0105dy, kt\u00f3re raportuj\u0105 wyn<span class=\"_ _3\"></span>iki prowadzonej dz<span class=\"_ _3\"></span>ia\u0142alno\u015bci do Zarz\u0105du<span class=\"_ _3\"></span> Jednostki Dominuj\u0105c<span class=\"_ _3\"></span>ej. W sk\u0142ad seg<span class=\"_ _2\"></span>mentu KGHM Polska Mied\u017a S.A. wchodzi tylko <span class=\"_ _2\"></span>Jednostka Dominuj\u0105ca, a w sk\u0142ad segmentu <span class=\"_ _2\"></span>Sierra Gorda S.C.M. wchodzi <span class=\"_ _1\"> </span>tylko <span class=\"_ _1\"> </span>wsp\u00f3ln<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>przedsi\u0119wzi\u0119cie <span class=\"_ _0\"> </span>Si<span class=\"_ _2\"></span>erra <span class=\"_ _0\"> </span>Go<span class=\"_ _2\"></span>rda <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>C.M. <span class=\"_ _0\"> </span>Poni\u017cej <span class=\"_ _1\"> </span>przedstawiono <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zosta\u0142e <span class=\"_ _0\"> </span>sp\u00f3\u0142ki <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej<span class=\"_ _3\"></span> KGHM Polska Mied\u017a <span class=\"_ _3\"></span>S.A. w podzia<span class=\"_ _3\"></span>le na segmenty: KGHM I<span class=\"_ _3\"></span>NTERNATIONAL LTD. <span class=\"_ _3\"></span>oraz Pozosta\u0142e segmen<span class=\"_ _3\"></span>ty. SEGMENT K<span class=\"_ _2\"></span>GHM INTERNATI<span class=\"_ _2\"></span>ONAL L<span class=\"_ _2\"></span>TD. Lokalizacja<span class=\"_ _2\"></span> <span class=\"_ _85\"> </span>Nazwa Sp\u00f3\u0142ki<span class=\"_ _2\"></span> Stany Zjedn<span class=\"_ _2\"></span>oczone Carlota Copp<span class=\"_ _2\"></span>er Company, Carl<span class=\"_ _2\"></span>ota Hold<span class=\"_ _2\"></span>ings Compan<span class=\"_ _2\"></span>y, DMC Mining Ser<span class=\"_ _2\"></span>vices Corporati<span class=\"_ _2\"></span>on, FNX Mining<span class=\"_ _2\"></span> Company USA Inc<span class=\"_ _2\"></span>., Robinson Hold<span class=\"_ _2\"></span>ings (USA) Ltd<span class=\"_ _2\"></span>., Robinson<span class=\"_ _2\"></span> Nevada Mining Com<span class=\"_ _2\"></span>pany, Wen<span class=\"_ _2\"></span>dover Bul<span class=\"_ _2\"></span>k Transhipment C<span class=\"_ _2\"></span>ompany Chile Aguas de l<span class=\"_ _2\"></span>a Sierra Limit<span class=\"_ _2\"></span>ada, Minera Carr<span class=\"_ _2\"></span>izalillo SpA<span class=\"_ _2\"></span>, KGHM Chile SpA<span class=\"_ _2\"></span>, Quadra FNX Holdi<span class=\"_ _2\"></span>ngs Chile Limi<span class=\"_ _2\"></span>tada, Sociedad<span class=\"_ _2\"></span> Contract<span class=\"_ _2\"></span>ual Minera Franke* , D<span class=\"_ _2\"></span>MC Mining Ser<span class=\"_ _2\"></span>vices Chile<span class=\"_ _2\"></span> SpA Kanada KGHM INTERNAT<span class=\"_ _2\"></span>IONAL LTD., <span class=\"_ _2\"></span>0899196 B<span class=\"_ _2\"></span>.C. Ltd., Cent<span class=\"_ _2\"></span>enario Hold<span class=\"_ _2\"></span>ings Ltd., DMC Mining Ser<span class=\"_ _2\"></span>vices Ltd<span class=\"_ _2\"></span>., FNX Mining Comp<span class=\"_ _2\"></span>any Inc., FRANK<span class=\"_ _2\"></span>E HOLDINGS L<span class=\"_ _2\"></span>TD., KGHM AJAX MIN<span class=\"_ _2\"></span>ING INC., KGH<span class=\"_ _2\"></span>MI HOLDINGS LT<span class=\"_ _2\"></span>D., Quadra F<span class=\"_ _2\"></span>NX Holdin<span class=\"_ _2\"></span>gs Partners<span class=\"_ _2\"></span>hip, Sugarloaf Ranch<span class=\"_ _2\"></span>es Ltd. Meksyk DMC Mining<span class=\"_ _2\"></span> Services<span class=\"_ _2\"></span> Mexico, S.A. de C.V. <span class=\"_ _2\"></span> (<span class=\"ff3\">dawnie<span class=\"_ _2\"></span>j Raise Boring M<span class=\"_ _2\"></span>ining Services S.A.<span class=\"_ _2\"></span> de C.V.</span>) Kolumbia <span class=\"_ _86\"> </span>DMC Mining<span class=\"_ _2\"></span> Services<span class=\"_ _2\"></span> Colombia SAS Wielka Brytani<span class=\"_ _2\"></span>a <span class=\"_ _87\"> </span>DMC Mining<span class=\"_ _2\"></span> Services<span class=\"_ _2\"></span> (UK) Ltd. Luksemburg<span class=\"_ _2\"></span> <span class=\"_ _88\"> </span>Quadra FNX FFI S<span class=\"_ _2\"></span>.\u00e0 r.l. POZOSTA\u0141E SEGME<span class=\"_ _2\"></span>NTY<span class=\"_ _2\"></span> Rodzaj dzia\u0142alno\u015bci<span class=\"_ _2\"></span> <span class=\"_ _89\"> </span>Nazwa Sp\u00f3\u0142ki<span class=\"_ _2\"></span> Wsparcie<span class=\"_ _2\"></span> g\u0142\u00f3wnego ci\u0105gu<span class=\"_ _2\"></span> technol<span class=\"_ _2\"></span>ogicznego BIPROMET S.A.<span class=\"_ _2\"></span>, CBJ sp. z o.o.<span class=\"_ _2\"></span>, \u201eEnerget<span class=\"_ _2\"></span>yka\u201d sp. z o.o., INOV<span class=\"_ _2\"></span>A Sp\u00f3\u0142ka z o.<span class=\"_ _2\"></span>o., KGHM CUPRU<span class=\"_ _2\"></span>M  sp. z o.o. \u2013 CB<span class=\"_ _2\"></span>R, KGHM ZANA<span class=\"_ _2\"></span>M S.A., KGHM <span class=\"_ _2\"></span>Metraco S.A<span class=\"_ _2\"></span>., PeBeKa S.A., P<span class=\"_ _2\"></span>OL-MIED\u0179 TRAN<span class=\"_ _2\"></span>S  Sp. z o.o., WP<span class=\"_ _2\"></span>EC w Legnicy S<span class=\"_ _2\"></span>.A. Dzia\u0142alno\u015b\u0107 u<span class=\"_ _2\"></span>zdrowiskowa, us\u0142ug<span class=\"_ _2\"></span>i hotelars<span class=\"_ _2\"></span>kie Interfe<span class=\"_ _2\"></span>rie Medical SPA<span class=\"_ _2\"></span> Sp. z o.o.*, INTERFERI<span class=\"_ _2\"></span>E S.A.*, Uzdro<span class=\"_ _2\"></span>wiska K\u0142odzkie S.<span class=\"_ _2\"></span>A. - Grupa PGU, Uzd<span class=\"_ _2\"></span>rowisko Ciepl<span class=\"_ _2\"></span>ice Sp. z o.o. - Grup<span class=\"_ _2\"></span>a PGU, Uzdro<span class=\"_ _2\"></span>wisko Po\u0142czy<span class=\"_ _2\"></span>n Grupa PGU S.A<span class=\"_ _2\"></span>., Uzdrowisko \u015awi<span class=\"_ _2\"></span>erad\u00f3w -<span class=\"_ _2\"></span> Czerniawa Sp<span class=\"_ _2\"></span>. z o.o. \u2013 Grup<span class=\"_ _2\"></span>a PGU Fundus<span class=\"_ _2\"></span>ze inwestycyjne<span class=\"_ _2\"></span>, dzia\u0142alno\u015b\u0107 fin<span class=\"_ _2\"></span>ansowa Fundus<span class=\"_ _2\"></span>z Hotele 01 Sp. z o.o., Fu<span class=\"_ _2\"></span>ndusz Hot<span class=\"_ _2\"></span>ele 01 Sp. z o.o<span class=\"_ _2\"></span>. S.K.A., KGH<span class=\"_ _2\"></span>M TFI S.A., KGHM VII FIZAN <span class=\"_ _2\"></span>w likwidacji**, <span class=\"_ _2\"></span>Polska Grup<span class=\"_ _2\"></span>a Uzdrowisk Sp. <span class=\"_ _2\"></span>z o.o. Pozosta\u0142a dzia\u0142<span class=\"_ _2\"></span>alno\u015b\u0107 CENTROZ\u0141OM WR<span class=\"_ _2\"></span>OC\u0141AW S<span class=\"_ _2\"></span>.A., CUPRUM De<span class=\"_ _2\"></span>velopment<span class=\"_ _2\"></span> sp. z o.o., CUPRU<span class=\"_ _2\"></span>M Zdrowie sp<span class=\"_ _2\"></span>. z o.o. (<span class=\"ff3\">dawnie<span class=\"_ _2\"></span>j CUPRUM Nieru<span class=\"_ _2\"></span>chomo\u015bci<span class=\"_ _2\"></span> sp. z o.o.</span>), KGHM (SHANGHAI) C<span class=\"_ _2\"></span>OPPER TRADING C<span class=\"_ _2\"></span>O., LTD.<span class=\"_ _2\"></span>, KGHM Kupf<span class=\"_ _2\"></span>er AG, MERCUS L<span class=\"_ _2\"></span>ogistyka sp. z o.o., MIE<span class=\"_ _2\"></span>DZIOWE CENTRU<span class=\"_ _2\"></span>M ZDROWIA S.A<span class=\"_ _2\"></span>., NITROERG S<span class=\"_ _2\"></span>.A., NITROER<span class=\"_ _2\"></span>G SERWIS Sp. z o<span class=\"_ _2\"></span>.o., PHU \"Lubin<span class=\"_ _2\"></span>pex\" Sp. z o.o., PM<span class=\"_ _2\"></span>T Linie Kol<span class=\"_ _2\"></span>ejowe Sp. z o.o., WMN \"\u0141AB\u0118DY\"<span class=\"_ _2\"></span> S.A., Zag\u0142\u0119bi<span class=\"_ _2\"></span>e Lubin S.A., OO<span class=\"_ _2\"></span>O ZANAM VOST<span class=\"_ _2\"></span>OK, KGHM Centr<span class=\"_ _2\"></span>um Analityki Sp. z o.o.<span class=\"_ _2\"></span>  * Podmio<span class=\"_ _2\"></span>ty zbyte w<span class=\"_ _2\"></span> okresie sprawo<span class=\"_ _2\"></span>zdawczym (Nota 9.<span class=\"_ _2\"></span>8). ** Podmio<span class=\"_ _2\"></span>t zlikwidowa<span class=\"_ _2\"></span>ny w dniu 22 li<span class=\"_ _2\"></span>stopada 2022 r.<span class=\"_ _192\"> </span>Lokalizacja aktyw<span class=\"_ _3\"></span>\u00f3w g\u00f3rniczych Grupy<span class=\"_ _3\"></span> Kapita\u0142owej KGHM Pol<span class=\"_ _3\"></span>ska Mied\u017a S.A.<span class=\"_ _3\"></span> Legenda:<span class=\"_ _192\"> </span>Kopalnie KGHM<span class=\"_ _8a\"></span>Projekty g\u00f3rnicze KGHM<span class=\"_ _8b\"> </span>Huty KGHM<span class=\"_ _192\"> </span>KA<span class=\"_ _3\"></span>NADA (Ontario, Zag\u0142<span class=\"ffc\">\u0119</span>bie Sudbury)<span class=\"_ _192\"> </span>McCreedy West (Cu, Ni, TPM)<span class=\"_ _192\"> </span>Victoria (Cu, Ni, TPM)<span class=\"_ _192\"> </span>Eksploracja w re<span class=\"_ _3\"></span>gionie<span class=\"_ _192\"> </span>KANADA (Kolumbia Brytyjska)<span class=\"_ _192\"> </span>A<span class=\"_ _3\"></span>jax<span class=\"_ _58\"> </span>(Cu, Au)<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>(Nevada &amp; Arizona)<span class=\"_ _192\"> </span>Robinson (Cu, Au, M<span class=\"_ _2\"></span>o)<span class=\"_ _192\"> </span>Carlota (Cu)<span class=\"_ _192\"> </span>Eksploracja w regionie<span class=\"_ _192\"> </span>CHILE<span class=\"_ _192\"> </span>(Antofagasta &amp; Ataka<span class=\"_ _3\"></span>ma)<span class=\"_ _192\"> </span>Sierra Gorda (Cu, Mo, Au, Ag)<span class=\"_ _192\"> </span>Eksploracja w regionie<span class=\"_ _192\"> </span>POLSKA<span class=\"_ _192\"> </span>(Dolny <span class=\"ffc\">\u015a</span>l<span class=\"ffc\">\u0105</span>sk)<span class=\"_ _192\"> </span>Polkowice-Sieroszowice (Cu, A<span class=\"_ _3\"></span>g)<span class=\"_ _192\"> </span>Lubin (Cu, Ag)<span class=\"_ _192\"> </span>Rudna (Cu, Ag)<span class=\"_ _192\"> </span>G\u0142og\u00f3w G\u0142<span class=\"ffd\">\u0119</span>boki Przemys\u0142owy (Cu,Ag)<span class=\"_ _192\"> </span>Eksploracja w re<span class=\"_ _3\"></span>gionie<span class=\"_ _192\"> </span>Huta G\u0142og\u00f3w I &amp; G\u0142og\u00f3w<span class=\"_ _2\"></span> II<span class=\"_ _192\"> </span>Huta Legnica<span class=\"_ _192\"> </span>Huta Cedynia (walc\u00f3wka)<span class=\"_ _192\"> </span>Zasadniczy <span class=\"_ _74\"> </span>wp\u0142yw <span class=\"_ _74\"> </span>na  struktur\u0119<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>akty<span class=\"_ _2\"></span>w\u00f3w <span class=\"_ _74\"> </span>i  generowa<span class=\"_ _3\"></span>nie  prz<span class=\"_ _3\"></span>ychod\u00f3w <span class=\"_ _74\"> </span>Grupy  Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _74\"> </span>KGHM  Polska <span class=\"_ _1\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _74\"> </span>S.A.  m<span class=\"_ _3\"></span>a Jednostka <span class=\"_ _59\"> </span>Dominuj\u0105ca <span class=\"_ _5a\"> </span>oraz <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>Kapita\u0142<span class=\"_ _2\"></span>owa <span class=\"_ _59\"> </span>KGHM <span class=\"_ _5a\"> </span>INTERNATIONAL <span class=\"_ _59\"> </span>LTD. <span class=\"_ _59\"> </span>(grupa <span class=\"_ _5a\"> </span>kapita\u0142owa <span class=\"_ _59\"> </span>ni\u017cszego <span class=\"_ _5a\"> </span>szczebla).<span class=\"_ _3\"></span> Dzia\u0142alno\u015b\u0107 <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a S.A. <span class=\"_ _53\"></span>sko<span class=\"_ _2\"></span>ncentrowana <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>przemy\u015ble <span class=\"_ _0\"></span>wydobywcz<span class=\"_ _3\"></span>ym <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>Polsce, <span class=\"_ _0\"></span>natomiast <span class=\"_ _0\"></span>dzia\u0142alno\u015b\u0107 Grupy <span class=\"_ _59\"> </span>Kapita\u0142owej <span class=\"_ _59\"> </span>KGHM <span class=\"_ _59\"> </span>INTE<span class=\"_ _3\"></span>RNATIONAL <span class=\"_ _59\"> </span>LTD. <span class=\"_ _59\"> </span>skonc<span class=\"_ _3\"></span>entrowana <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>przemy\u015ble <span class=\"_ _57\"> </span>wy<span class=\"_ _2\"></span>dobywczym <span class=\"_ _57\"> </span>zlokalizowanym w krajach Ameryki P\u00f3\u0142<span class=\"_ _2\"></span>nocnej i Po\u0142udniowej. Profil <span class=\"_ _2\"></span>dzia\u0142alno\u015bci wi\u0119kszo\u015bci <span class=\"_ _2\"></span>pozosta\u0142ych sp\u00f3\u0142ek zale\u017cnych <span class=\"_ _2\"></span>Grupy Kapita\u0142owej KGHM Polska Mied\u017a <span class=\"_ _3\"></span>S.A. odbiega od g\u0142\u00f3wn<span class=\"_ _3\"></span>ego profilu dzia\u0142al<span class=\"_ _3\"></span>no\u015bci Jednostki Dominuj\u0105<span class=\"_ _3\"></span>cej. Zarz\u0105d <span class=\"_ _54\"> </span>Jedno<span class=\"_ _2\"></span>stki <span class=\"_ _55\"> </span>Dominuj\u0105cej <span class=\"_ _54\"> </span>monit<span class=\"_ _2\"></span>oruje <span class=\"_ _55\"> </span>wyniki <span class=\"_ _55\"> </span>operacyjne <span class=\"_ _55\"> </span>oddzielnie <span class=\"_ _55\"> </span>dla <span class=\"_ _5e\"> </span>poszczeg\u00f3lnych <span class=\"_ _54\"> </span>segment\u00f3w <span class=\"_ _55\"> </span>w <span class=\"_ _5e\"> </span>celu podejmowania dec<span class=\"_ _3\"></span>yzji o alokowa<span class=\"_ _3\"></span>niu zasob\u00f3w Grupy Kapi<span class=\"_ _3\"></span>ta\u0142owej oraz oceny osi\u0105gan<span class=\"_ _3\"></span>ych wynik\u00f3w <span class=\"_ _3\"></span>finansowych. Dane <span class=\"_ _54\"> </span>finansowe <span class=\"_ _54\"> </span>przygotowywane <span class=\"_ _54\"> </span>dla <span class=\"_ _54\"> </span>cel\u00f3w <span class=\"_ _54\"> </span>sprawozdawczo\u015bci <span class=\"_ _54\"> </span>zarz\u0105dczej <span class=\"_ _54\"> </span>oparte <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _54\"> </span>samych <span class=\"_ _54\"> </span>zasadach rachunkowo\u015bci, <span class=\"_ _53\"></span>jakie <span class=\"_ _0\"></span>stosuje <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _0\"></span>przy <span class=\"_ _53\"></span>spo<span class=\"_ _2\"></span>rz\u0105dzaniu <span class=\"_ _53\"></span>skonsolidowanych <span class=\"_ _53\"></span>sprawozda\u0144 <span class=\"_ _53\"></span>finansowych <span class=\"_ _53\"></span>Grupy, <span class=\"_ _0\"></span>przy <span class=\"_ _0\"></span>czym <span class=\"_ _53\"></span>dane finansowe <span class=\"_ _74\"> </span>poszczeg\u00f3lnych <span class=\"_ _74\"> </span>segment\u00f3w <span class=\"_ _74\"> </span>sprawozdawczych <span class=\"_ _74\"> </span>stanowi\u0105 <span class=\"_ _1\"> </span>warto\u015bci  p<span class=\"_ _3\"></span>ochodz\u0105ce <span class=\"_ _74\"> </span>z  odpowi<span class=\"_ _3\"></span>ednich  spr<span class=\"_ _3\"></span>awozda\u0144 finansowych przed <span class=\"_ _3\"></span>uwzgl\u0119dnieniem <span class=\"_ _3\"></span>korekt konsolidacyjnych <span class=\"_ _3\"></span>na poziomie Grup<span class=\"_ _3\"></span>y Kapita\u0142owej KGH<span class=\"_ _3\"></span>M Polska Mied\u017a S.A. tj.: <span class=\"_ _3\"></span>  \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Segment <span class=\"_ _54\"> </span>KGHM <span class=\"_ _54\"> </span>Polska <span class=\"_ _54\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _54\"> </span>S.A.  <span class=\"_ _54\"> </span>- <span class=\"_ _54\"> </span>stanowi\u0105 <span class=\"_ _55\"> </span>dane <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>jednostkowego <span class=\"_ _54\"> </span>sprawozdania <span class=\"_ _54\"> </span>finansowego <span class=\"_ _54\"> </span>Jednostki </span></span>Dominuj\u0105cej <span class=\"_ _74\"> </span>sporz\u0105dzon<span class=\"_ _3\"></span>ego <span class=\"_ _74\"> </span>wg <span class=\"_ _74\"> </span>MSSF.  W <span class=\"_ _1\"> </span>jednostkowym <span class=\"_ _1\"> </span>sprawozdaniu <span class=\"_ _74\"> </span>finansowym <span class=\"_ _1\"> </span>udzia\u0142y <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>sp\u00f3\u0142kach <span class=\"_ _74\"> </span>zale\u017cnych (w tym  po\u015bredni  u<span class=\"_ _3\"></span>dzia\u0142  w  K<span class=\"_ _3\"></span>GHM  INTERNATIONAL  L<span class=\"_ _3\"></span>TD.)  ujmowane <span class=\"_ _74\"> </span>s\u0105  wed\u0142ug  kosztu  z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem  odpis\u00f3w<span class=\"_ _3\"></span> aktualizuj\u0105cych, \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Segment <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>INTERNATIONA<span class=\"_ _3\"></span>L <span class=\"_ _0\"></span>LTD. <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"> </span>stanowi\u0105 <span class=\"_ _0\"></span>dane <span class=\"_ _0\"> </span>skonsolidowane <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"> </span>KGHM <span class=\"_ _0\"></span>INTERNATIONAL  </span></span>LTD. sporz\u0105dzone w<span class=\"_ _3\"></span>g MSSF. Zaanga\u017c<span class=\"_ _3\"></span>owanie w Sierra <span class=\"_ _3\"></span>Gorda S.C.M. uj\u0119te jest metod\u0105 <span class=\"_ _3\"></span>praw w\u0142asno\u015bci, <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Segment  Sierra  Gorda  S.C.M.  \u2013  stanowi  55%  udzia<span class=\"_ _3\"></span>\u0142u  w  aktywach,  zobowi\u0105zaniach,  prz<span class=\"_ _3\"></span>ychodach  i  kosztach  tego </span></span>przedsi\u0119wzi\u0119cia z jed<span class=\"_ _3\"></span>nostkowego spraw<span class=\"_ _3\"></span>ozdania finansowe<span class=\"_ _3\"></span>go Sierra Gorda S.C.<span class=\"_ _3\"></span>M. sporz\u0105dzonego wg MSS<span class=\"_ _3\"></span>F,   \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Pozosta\u0142e <span class=\"_ _5a\"> </span>segmenty <span class=\"_ _59\"> </span>\u2013<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>stanowi\u0105<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>dane <span class=\"_ _5a\"> </span>zagregowane <span class=\"_ _5a\"> </span>poszczeg\u00f3lny<span class=\"_ _3\"></span>ch <span class=\"_ _5a\"> </span>sp\u00f3\u0142ek <span class=\"_ _5a\"> </span>zale\u017cnych <span class=\"_ _59\"> </span>po<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>dokonaniu <span class=\"_ _59\"> </span>wy\u0142<span class=\"_ _2\"></span>\u0105cze\u0144<span class=\"_ _3\"></span> </span></span>transakcji i sald pomi<span class=\"_ _3\"></span>\u0119dzy nimi.  Miar\u0105 <span class=\"_ _57\"> </span>wynik\u00f3w <span class=\"_ _57\"> </span>segment\u00f3w <span class=\"_ _57\"> </span>analizowan\u0105 <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>Zarz\u0105d <span class=\"_ _57\"> </span>Jednostki <span class=\"_ _57\"> </span>Dominuj\u0105c<span class=\"_ _3\"></span>ej <span class=\"_ _59\"> </span>j<span class=\"_ _3\"></span>est <span class=\"_ _57\"> </span>skorygowana <span class=\"_ _57\"> </span>EBITDA <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>wynik finansowy netto. <span class=\"_ _3\"></span> Grupa <span class=\"_ _53\"></span>definiuje <span class=\"_ _53\"></span>skorygowan\u0105 <span class=\"_ _2\"></span>EBITDA <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>zysk/strat\u0119 <span class=\"_ _53\"></span>netto <span class=\"_ _53\"></span>za <span class=\"_ _2\"></span>okres <span class=\"_ _0\"></span>ustal<span class=\"_ _3\"></span>one <span class=\"_ _53\"></span>zgodnie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>MSSF, <span class=\"_ _2\"></span>z wy\u0142\u0105czeniem <span class=\"_ _53\"></span>podatk\u00f3w<span class=\"_ _3\"></span> (dochodowego <span class=\"_ _53\"></span>bie\u017c\u0105cego <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>odroczonego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>g\u00f3<span class=\"_ _2\"></span>rniczego), <span class=\"_ _53\"></span>przychod\u00f3w <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _53\"></span>f<span class=\"_ _2\"></span>inansowych, <span class=\"_ _53\"></span>pozosta\u0142ych <span class=\"_ _53\"></span>przychod\u00f3w i koszt\u00f3w <span class=\"_ _74\"> </span>operacyjnych, <span class=\"_ _1\"> </span>wyniku <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>zaanga\u017cowania <span class=\"_ _74\"> </span>we <span class=\"_ _74\"> </span>wsp\u00f3lne <span class=\"_ _74\"> </span>przedsi\u0119wzi\u0119cia, <span class=\"_ _74\"> </span>amortyzacji, <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>dpis\u00f3w <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>odwr\u00f3cenia odpis\u00f3w <span class=\"_ _74\"> </span>z  t<span class=\"_ _3\"></span>ytu\u0142u <span class=\"_ _74\"> </span>ut<span class=\"_ _2\"></span>raty <span class=\"_ _74\"> </span>warto\u015bci <span class=\"_ _74\"> </span>rzeczowych <span class=\"_ _74\"> </span>i  ni<span class=\"_ _3\"></span>ematerialnych<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>aktyw\u00f3w  trwa<span class=\"_ _3\"></span>\u0142ych  z<span class=\"_ _3\"></span>aliczonych <span class=\"_ _1\"> </span>do kos<span class=\"_ _2\"></span>zt\u00f3w <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci podstawowej. <span class=\"_ _54\"> </span>Sko<span class=\"_ _2\"></span>rygowana <span class=\"_ _54\"> </span>EBITDA <span class=\"_ _55\"> </span>\u2013 <span class=\"_ _5e\"> </span>jako <span class=\"_ _55\"> </span>miernik <span class=\"_ _55\"> </span>wyniku <span class=\"_ _55\"> </span>niezdefiniowany <span class=\"_ _55\"> </span>przez <span class=\"_ _55\"> </span>MSSF, <span class=\"_ _55\"> </span>nie <span class=\"_ _55\"> </span>st<span class=\"_ _2\"></span>anowi <span class=\"_ _55\"> </span>miernika zestandaryzowan<span class=\"_ _3\"></span>ego  i <span class=\"_ _1\"> </span>spo<span class=\"_ _2\"></span>s\u00f3b <span class=\"_ _74\"> </span>jego  wylicz<span class=\"_ _3\"></span>enia <span class=\"_ _74\"> </span>mo\u017ce<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>r\u00f3\u017cni\u0107  si\u0119<span class=\"_ _3\"></span>  p<span class=\"_ _3\"></span>omi\u0119dzy  podm<span class=\"_ _3\"></span>iotami, <span class=\"_ _74\"> </span>a w zwi\u0105zku <span class=\"_ _74\"> </span>z tym  pr<span class=\"_ _3\"></span>ezentacja i kalkulacja  skorygowanej  EBITDA  stosowana  przez  Grup\u0119  mo\u017ce  nie  by\u0107  por\u00f3wnywalna  do  stosowanych  przez  inne podmioty na rynk<span class=\"_ _3\"></span>u.  Przychody  z  t<span class=\"_ _2\"></span>ransakcji  z  podmio<span class=\"_ _2\"></span>tami  zewn\u0119trznymi  i <span class=\"_ _57\"> </span>transakc<span class=\"_ _3\"></span>je <span class=\"_ _57\"> </span>mi\u0119dzy  segmentami  realizowane  s\u0105  na <span class=\"_ _57\"> </span>warunkach rynkowych. <span class=\"_ _0\"> </span>Eliminacje <span class=\"_ _1\"> </span>wzajemn<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>rozrachunk\u00f3w, <span class=\"_ _0\"></span>przychod\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>koszt\u00f3w <span class=\"_ _1\"> </span>mi\u0119dzy <span class=\"_ _0\"></span>segmentami <span class=\"_ _0\"></span>zaprezentowane <span class=\"_ _1\"> </span>zosta\u0142y w pozycji \u201eKorekty k<span class=\"_ _3\"></span>onsolidacyjne\u201d.<span class=\"_ _3\"></span> Aktywa i <span class=\"_ _2\"></span>zobowi\u0105zania niealokowane dotycz\u0105 <span class=\"_ _2\"></span>sp\u00f3\u0142ek, kt\u00f3re <span class=\"_ _2\"></span>nie zo<span class=\"_ _2\"></span>sta\u0142y zaklasyfikowane do <span class=\"_ _2\"></span>\u017cadnego z segment\u00f3w. Aktywa niealokowane <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>segment\u00f3w <span class=\"_ _1\"> </span>obejmuj\u0105 <span class=\"_ _1\"> </span>\u015brodki <span class=\"_ _1\"> </span>pieni\u0119\u017cne, <span class=\"_ _74\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>odbiorc\u00f3w <span class=\"_ _1\"> </span>oraz <span class=\"_ _74\"> </span>aktywa <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>odroczoneg<span class=\"_ _3\"></span>o podatku <span class=\"_ _57\"> </span>dochodowe<span class=\"_ _3\"></span>go. <span class=\"_ _57\"> </span>Zobowi\u0105z<span class=\"_ _3\"></span>ania <span class=\"_ _57\"> </span>niealokowane <span class=\"_ _57\"> </span>do s<span class=\"_ _3\"></span>egment\u00f3w <span class=\"_ _57\"> </span>obejmuj\u0105  zobowi\u0105zania  wo<span class=\"_ _2\"></span>bec <span class=\"_ _57\"> </span>dostawc<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _57\"> </span>oraz zobowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u bie\u017c\u0105cego podatku d<span class=\"_ _3\"></span>ochodowego.<span class=\"_ _192\"> </span>Nota 2.2 Wyniki fina<span class=\"_ _2\"></span>nsowe segm<span class=\"_ _2\"></span>ent\u00f3w sprawo<span class=\"_ _2\"></span>zdawczych od 01.01.2022 do 31.12.2022 Pozycje uzgadniaj\u0105ce do danych skonsolidowanych KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Pozosta\u0142e segmenty Eliminacja danych segmentu<span class=\"_ _192\"> </span>Sierra Gorda S.C.M Korekty<span class=\"_ _192\"> </span>konsolidacyjne**** Skonsolidowane sprawozdanie finansowe Nota 2.3 <span class=\"_ _8c\"> </span><span class=\"ff1\">Przychody z um\u00f3w z klientami, z tego: <span class=\"_ _8d\"> </span><span class=\"fc0\">28 429 <span class=\"_ _8e\"> </span>3 217 <span class=\"_ _8e\"> </span>3 974 <span class=\"_ _8f\"> </span>12 889 <span class=\"_ _90\"> </span>(3 974) <span class=\"_ _8f\"> </span>(10 688) <span class=\"_ _91\"> </span>33 847 </span></span>  <span class=\"_ _92\"> </span><span class=\"fc0\">- od innych segment\u00f3w <span class=\"_ _14\"> </span> 565 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _8f\"> </span>10 123 <span class=\"_ _94\"> </span>- <span class=\"_ _91\"> </span>(10<span class=\"_ _2\"></span> 688) <span class=\"_ _93\"> </span>- </span>  <span class=\"_ _92\"> </span><span class=\"fc0\">- od klient\u00f3w zewn\u0119trznych <span class=\"_ _95\"> </span>27 864 <span class=\"_ _8e\"> </span>3 217 <span class=\"_ _8e\"> </span>3 974 <span class=\"_ _8e\"> </span>2 766 <span class=\"_ _90\"> </span>(3<span class=\"_ _2\"></span> 974) <span class=\"_ _96\"> </span>- <span class=\"_ _91\"> </span>33 847 </span>  <span class=\"_ _92\"> </span>Wynik segmentu - zysk/(strata) netto <span class=\"_ _97\"> </span><span class=\"fc0\">3 533 <span class=\"_ _f\"> </span> 900 <span class=\"_ _f\"> </span> 23<span class=\"_ _2\"></span>9 <span class=\"_ _98\"> </span>( 51) <span class=\"_ _99\"> </span>( 239) <span class=\"_ _9a\"> </span> 392 <span class=\"_ _9b\"> </span>4 774 </span>Informacje dodatkowe dotycz\u0105ce istotnych  pozycji przychod\u00f3w/koszt\u00f3w segmentu Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _8d\"> </span>(1 434) <span class=\"_ _9e\"> </span>( 568) <span class=\"_ _9e\"> </span>( 937) <span class=\"_ _9e\"> </span>( 273) <span class=\"_ _9f\"> </span> 937 <span class=\"_ _a0\"> </span> 36 <span class=\"_ _8f\"> </span>(2 2<span class=\"_ _2\"></span>39) (Straty) / odwr\u00f3cenie strat z tytu\u0142u utraty   warto\u015bci aktyw\u00f3w trwa\u0142ych, w tym:  207 <span class=\"_ _f\"> </span> 781 <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _7b\"> </span>( 259) <span class=\"_ _f\"> </span> 72<span class=\"_ _2\"></span>9      odwr\u00f3cenie strat z tytu\u0142u utraty       warto\u015bci udzielonych po\u017cyczek  213 <span class=\"_ _f\"> </span> 873 <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _7b\"> </span>( 213) <span class=\"_ _f\"> </span> 87<span class=\"_ _2\"></span>3 Stan na 31.12.2022   <span class=\"_ _92\"> </span>Aktywa, w tym: <span class=\"_ _9\"> </span><span class=\"fc0\">47 995 <span class=\"_ _8f\"> </span>15 228 <span class=\"_ _8f\"> </span>13 563 <span class=\"_ _8e\"> </span>6 071 <span class=\"_ _a1\"> </span>(13 563) <span class=\"_ _8f\"> </span>(15 850) <span class=\"_ _91\"> </span>53 444 </span>   Aktywa segmentu <span class=\"_ _a2\"> </span>47 995 <span class=\"_ _8f\"> </span>15 228 <span class=\"_ _8f\"> </span>13 563 <span class=\"_ _8e\"> </span>6 071 <span class=\"_ _a3\"> </span>(13 563) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>5 854) <span class=\"_ _91\"> </span>53 440    Aktywa niealokowane do segment\u00f3w <span class=\"_ _a4\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _a5\"> </span> 4 <span class=\"_ _81\"> </span> 4   <span class=\"_ _92\"> </span>Zobowi\u0105zania, w tym: <span class=\"_ _a6\"> </span><span class=\"fc0\">18 320 <span class=\"_ _8f\"> </span>19 276 <span class=\"_ _8f\"> </span>1<span class=\"_ _2\"></span>3 992 <span class=\"_ _9e\"> </span>3 4<span class=\"_ _2\"></span>46 <span class=\"_ _a1\"> </span>(13 992) <span class=\"_ _90\"> </span>(1<span class=\"_ _2\"></span>9 744) <span class=\"_ _91\"> </span>21 298 </span>   Zobowi\u0105zania segmentu <span class=\"_ _a7\"> </span>18 320 <span class=\"_ _8f\"> </span>19 276 <span class=\"_ _8f\"> </span>13 992 <span class=\"_ _8e\"> </span>3 446 <span class=\"_ _a3\"> </span>(13 992) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>9 804) <span class=\"_ _91\"> </span>21 238    Zobowi\u0105zania niealokowane do segment\u00f3w <span class=\"_ _a8\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _a0\"> </span> 60 <span class=\"_ _a9\"> </span> 60   <span class=\"_ _92\"> </span>Inne informacje od 01.01.2022 do 31.12.2022 Wydatki na rzeczowe aktywa trwa\u0142e  i warto\u015bci niematerialne - przep\u0142ywy pieni\u0119\u017cne 2 731 <span class=\"_ _f\"> </span> 913 <span class=\"_ _8e\"> </span>1 031 <span class=\"_ _f\"> </span> 380 <span class=\"_ _8f\"> </span>(1 0<span class=\"_ _2\"></span>31) <span class=\"_ _a0\"> </span> 94 <span class=\"_ _8e\"> </span>4 118 Dane produkcyjne i kosztowe od 01.01.2022 do 31.12.2022 Mied\u017a p\u0142atna (tys. t) <span class=\"_ _aa\"> </span> 586,0 <span class=\"_ _ab\"> </span> 56,2 <span class=\"_ _ab\"> </span> 90,8 Molibden (mln funt\u00f3w) <span class=\"_ _39\"> </span>- <span class=\"_ _ae\"> </span> 0,1 <span class=\"_ _ae\"> </span> 2,9 Srebro (t) <span class=\"_ _af\"> </span>1 298,4 <span class=\"_ _ae\"> </span> 2,0 <span class=\"_ _78\"> </span> 26,7 TPM (tys. troz) <span class=\"_ _b0\"> </span> 87,3 <span class=\"_ _ab\"> </span> 55,9 <span class=\"_ _78\"> </span> 3<span class=\"_ _2\"></span>4,3 Koszt got\u00f3wkowy produkcji miedzi  p\u0142atnej (C1)   (USD/funt    PLN/funt)** 2,38   10,62 <span class=\"_ _b1\"> </span>2,14   9,57 <span class=\"_ _b1\"> </span>1,50   6,69 <span class=\"_ _5d\"> </span><span class=\"ff1\">  <span class=\"_ _94\"> </span>  <span class=\"_ _94\"> </span>  <span class=\"_ _ad\"> </span>  </span>  <span class=\"_ _92\"> </span>Wynik segmentu - skorygowana EBITDA <span class=\"_ _b2\"> </span><span class=\"fc0\">5 400 <span class=\"_ _9e\"> </span>1<span class=\"_ _2\"></span> 001 <span class=\"_ _9e\"> </span>2 190 <span class=\"_ _f\"> </span> 27<span class=\"_ _2\"></span>4 <span class=\"_ _93\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _9b\"> </span>8 865 </span>  <span class=\"_ _92\"> </span>Mar\u017ca EBITDA*** <span class=\"_ _b3\"> </span><span class=\"fc0\">19% <span class=\"_ _b4\"> </span>31% <span class=\"_ _b4\"> </span>55% <span class=\"_ _b5\"> </span>2% <span class=\"_ _94\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _b4\"> </span>2<span class=\"_ _2\"></span>3% </span> * 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych i produkcyjnych Sierra Gorda S.C.M. ** <span class=\"_ _0\"> </span>Jednostkowy <span class=\"_ _0\"> </span>got\u00f3wkowy <span class=\"_ _53\"></span>koszt <span class=\"_ _0\"> </span>produkcji <span class=\"_ _0\"> </span>miedzi <span class=\"_ _0\"> </span>p\u0142atnej <span class=\"_ _0\"> </span>uwzgl\u0119dniaj\u0105cy <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>wydobycia <span class=\"_ _0\"> </span>i <span class=\"_ _0\"> </span>przerobu <span class=\"_ _0\"> </span>urobku, <span class=\"_ _0\"></span>koszt<span class=\"_ _3\"></span>y <span class=\"_ _0\"> </span>transportu, <span class=\"_ _0\"> </span>podatek <span class=\"_ _0\"></span>od <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>ydobycia <span class=\"_ _0\"> </span>niekt\u00f3rych <span class=\"_ _0\"> </span>kopalin, <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>administracyjne <span class=\"_ _0\"> </span>fazy <span class=\"_ _0\"> </span>g\u00f3rniczej <span class=\"_ _53\"></span>oraz <span class=\"_ _0\"> </span>premi\u0119 <span class=\"_ _0\"> </span>przerobow\u0105 <span class=\"_ _0\"> </span>hutniczo-rafinacyjn\u0105 <span class=\"_ _0\"> </span>(TC/RC) pomniejszony <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>prod<span class=\"_ _2\"></span>ukt\u00f3w <span class=\"_ _2\"></span>ubocznych.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Koszt <span class=\"_ _53\"></span>C1 <span class=\"_ _2\"></span>odnoszony <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>koncentrac<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>w\u0142asnym <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>rzypadku <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _2\"></span>Polska <span class=\"_ _2\"></span>Mi<span class=\"_ _2\"></span>ed\u017a <span class=\"_ _2\"></span>S.A<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>produktach <span class=\"_ _53\"></span>ko\u0144cowych <span class=\"_ _2\"></span>poszczeg\u00f3ln<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>kopal\u0144 <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>International <span class=\"_ _2\"></span>Ltd. i segmentu Sierra Gorda S.C.M. Koszt C1 w PLN/funt zosta\u0142 obliczony wg kursu \u015bredniego NBP (\u015brednia arytmetyczna z dziennych notowa\u0144 wg tabel NBP). *** <span class=\"_ _53\"></span>Stosunek <span class=\"_ _2\"></span>skorygowanej <span class=\"_ _53\"></span>E<span class=\"_ _2\"></span>BITDA <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>przychod\u00f3w <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>um\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>klientami. <span class=\"_ _53\"></span>Na <span class=\"_ _53\"></span>potrzeby <span class=\"_ _53\"></span>kalkulacji <span class=\"_ _2\"></span>mar\u017cy <span class=\"_ _53\"></span>EBITDA <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>(23%) <span class=\"_ _53\"></span>skonsolidowane <span class=\"_ _53\"></span>przychody <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>klientami <span class=\"_ _53\"></span>powi\u0119kszone <span class=\"_ _2\"></span>zosta\u0142y <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>przychody <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>um\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>klientami <span class=\"_ _53\"></span>segmentu <span class=\"_ _53\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. [8 865 / (33 847 + 3 974) * 100]  **** Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu<span class=\"_ _192\"> </span>Wyniki finansow<span class=\"_ _2\"></span>e segment\u00f3w spr<span class=\"_ _2\"></span>awozdawczyc<span class=\"_ _2\"></span>h za okres po<span class=\"_ _2\"></span>r\u00f3wnywalny od 01.01.2021 do 31.12.2021 Pozycje uzgadniaj\u0105ce do danych skonsolidowanych KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Pozosta\u0142e segmenty Eliminacja danych segmentu<span class=\"_ _192\"> </span>Sierra Gorda S.C.M Korekty<span class=\"_ _192\"> </span>konsolidacyjne**** Skonsolidowane sprawozdanie finansowe Nota 2.3 <span class=\"_ _8c\"> </span><span class=\"ff1\">Przychody z um\u00f3w z klientami, z tego: <span class=\"_ _8d\"> </span><span class=\"fc0\">24 618 <span class=\"_ _8e\"> </span>3 125 <span class=\"_ _9e\"> </span>4<span class=\"_ _2\"></span> 585 <span class=\"_ _8f\"> </span>10 329 <span class=\"_ _90\"> </span>(4 585) <span class=\"_ _9e\"> </span>(8 269) <span class=\"_ _91\"> </span>29 803 </span></span>  <span class=\"_ _92\"> </span><span class=\"fc0\">- od innych segment\u00f3w <span class=\"_ _14\"> </span> 408 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _8e\"> </span>7 861 <span class=\"_ _93\"> </span>- <span class=\"_ _b6\"> </span>(8 269) <span class=\"_ _94\"> </span>- </span>  <span class=\"_ _92\"> </span><span class=\"fc0\">- od klient\u00f3w zewn\u0119trznych <span class=\"_ _95\"> </span>24 210 <span class=\"_ _9e\"> </span>3<span class=\"_ _2\"></span> 125 <span class=\"_ _9e\"> </span>4 585 <span class=\"_ _8e\"> </span>2 468 <span class=\"_ _8f\"> </span>(4 585) <span class=\"_ _96\"> </span>- <span class=\"_ _91\"> </span>29 803 </span>  <span class=\"_ _92\"> </span>Wynik segmentu - zysk/(strata) netto <span class=\"_ _97\"> </span><span class=\"fc0\">5 169 <span class=\"_ _9e\"> </span>2<span class=\"_ _2\"></span> 632 <span class=\"_ _9e\"> </span>3 178 <span class=\"_ _99\"> </span>( 140) <span class=\"_ _90\"> </span>(3 178) <span class=\"_ _9e\"> </span>(1 506) <span class=\"_ _9b\"> </span>6 155 </span>Informacje dodatkowe dotycz\u0105ce istotnych  pozycji przychod\u00f3w/koszt\u00f3w segmentu Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _8d\"> </span>(1 363) <span class=\"_ _9e\"> </span>( 516) <span class=\"_ _9e\"> </span>( 777) <span class=\"_ _9e\"> </span>( 258) <span class=\"_ _9f\"> </span> 777 <span class=\"_ _a0\"> </span> 14 <span class=\"_ _8f\"> </span>(2<span class=\"_ _2\"></span> 123) (Straty) / odwr\u00f3cenie strat z tytu\u0142u utraty   warto\u015bci aktyw\u00f3w trwa\u0142ych, w tym: 1 742 <span class=\"_ _9e\"> </span>2 2<span class=\"_ _2\"></span>00 <span class=\"_ _9e\"> </span>2 639 <span class=\"_ _9e\"> </span>( 216) <span class=\"_ _8f\"> </span>(2 6<span class=\"_ _2\"></span>39) <span class=\"_ _8e\"> </span>(1<span class=\"_ _2\"></span> 680) <span class=\"_ _8e\"> </span>2 046     (straty) / odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci       inwestycji w sp\u00f3\u0142ki zale\u017cne 1 010 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _f\"> </span>( 86) <span class=\"_ _94\"> </span>- <span class=\"_ _b8\"> </span>( 924) <span class=\"_ _94\"> </span>-      (straty) / odwr\u00f3cenie strat z tytu\u0142u utraty       warto\u015bci udzielonych po\u017cyczek  752 <span class=\"_ _8e\"> </span>2 380 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _b8\"> </span>( 752) <span class=\"_ _8e\"> </span>2 3<span class=\"_ _2\"></span>80 Stan na 31.12.2021   <span class=\"_ _92\"> </span>Aktywa, w tym: <span class=\"_ _9\"> </span><span class=\"fc0\">43 458 <span class=\"_ _8f\"> </span>13 646 <span class=\"_ _8f\"> </span>12 232 <span class=\"_ _8e\"> </span>6 066 <span class=\"_ _a1\"> </span>(12 232) <span class=\"_ _8f\"> </span>(15 143) <span class=\"_ _91\"> </span>48 027 </span>   Aktywa segmentu <span class=\"_ _a2\"> </span>43 458 <span class=\"_ _8f\"> </span>13 646 <span class=\"_ _8f\"> </span>12 232 <span class=\"_ _8e\"> </span>6 066 <span class=\"_ _a3\"> </span>(12 232) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>5 172) <span class=\"_ _91\"> </span>47 998    Aktywa niealokowane do segment\u00f3w <span class=\"_ _a4\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _a0\"> </span> 29 <span class=\"_ _a9\"> </span> 29   <span class=\"_ _92\"> </span>Zobowi\u0105zania, w tym: <span class=\"_ _a6\"> </span><span class=\"fc0\">17 618 <span class=\"_ _8f\"> </span>18 185 <span class=\"_ _8f\"> </span>1<span class=\"_ _2\"></span>2 844 <span class=\"_ _9e\"> </span>3 3<span class=\"_ _2\"></span>39 <span class=\"_ _a1\"> </span>(12 844) <span class=\"_ _90\"> </span>(1<span class=\"_ _2\"></span>8 253) <span class=\"_ _91\"> </span>20 889 </span>   Zobowi\u0105zania segmentu <span class=\"_ _a7\"> </span>17 618 <span class=\"_ _8f\"> </span>18 185 <span class=\"_ _8f\"> </span>12 844 <span class=\"_ _8e\"> </span>3 339 <span class=\"_ _a3\"> </span>(12 844) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>8 299) <span class=\"_ _91\"> </span>20 843    Zobowi\u0105zania niealokowane do segment\u00f3w <span class=\"_ _a8\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _a0\"> </span> 46 <span class=\"_ _a9\"> </span> 46   <span class=\"_ _92\"> </span>Inne informacje <span class=\"_ _b9\"> </span>od 01.01.2021 do 31.12.2021 Wydatki na rzeczowe aktywa trwa\u0142e  i warto\u015bci niematerialne - przep\u0142ywy pieni\u0119\u017cne 2 407 <span class=\"_ _9e\"> </span>1 0<span class=\"_ _2\"></span>14 <span class=\"_ _b4\"> </span> 6<span class=\"_ _2\"></span>05 <span class=\"_ _f\"> </span> 490 <span class=\"_ _8e\"> </span>( 605) <span class=\"_ _a9\"> </span>( 21) <span class=\"_ _9b\"> </span>3 890 Dane produkcyjne i kosztowe <span class=\"_ _ba\"> </span>od 01.01.2021 do 31.12.2021 Mied\u017a p\u0142atna (tys. t) <span class=\"_ _aa\"> </span> 577,6 <span class=\"_ _ab\"> </span> 71,7 <span class=\"_ _9e\"> </span>1<span class=\"_ _2\"></span>04,4 Molibden (mln funt\u00f3w) <span class=\"_ _39\"> </span>- <span class=\"_ _ae\"> </span> 0,2 <span class=\"_ _a9\"> </span>8,2<span class=\"_ _3\"></span> Srebro (t) <span class=\"_ _af\"> </span>1 332,2 <span class=\"_ _ae\"> </span> 2,0 <span class=\"_ _78\"> </span> 31,9 TPM (tys. troz) <span class=\"_ _bb\"> </span>81,3 <span class=\"_ _f\"> </span>51<span class=\"_ _2\"></span>,3 <span class=\"_ _78\"> </span> 30<span class=\"_ _2\"></span>,9 Koszt got\u00f3wkowy produkcji miedzi  p\u0142atnej (C1)   (USD/funt    PLN/funt)** 2,26   8,73 <span class=\"_ _b1\"> </span>2,01   7,78 <span class=\"_ _b1\"> </span>0,78   3,01   <span class=\"_ _92\"> </span>Wynik segmentu - skorygowana EBITDA <span class=\"_ _b2\"> </span><span class=\"fc0\">5 474 <span class=\"_ _9e\"> </span>1<span class=\"_ _2\"></span> 340 <span class=\"_ _9e\"> </span>3 167 <span class=\"_ _f\"> </span> 34<span class=\"_ _2\"></span>6 <span class=\"_ _93\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _91\"> </span>1<span class=\"_ _2\"></span>0 327 </span>  <span class=\"_ _92\"> </span>Mar\u017ca EBITDA*** <span class=\"_ _b3\"> </span><span class=\"fc0\">22% <span class=\"_ _b4\"> </span>43% <span class=\"_ _b4\"> </span>69% <span class=\"_ _b5\"> </span>3% <span class=\"_ _94\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _b4\"> </span>3<span class=\"_ _2\"></span>0% </span> * 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych i produkcyjnych Sierra Gorda S.C.M. ** <span class=\"_ _0\"> </span>Jednostkowy <span class=\"_ _0\"> </span>got\u00f3wkowy <span class=\"_ _53\"></span>koszt <span class=\"_ _0\"> </span>produkcji <span class=\"_ _0\"> </span>miedzi <span class=\"_ _0\"> </span>p\u0142atnej <span class=\"_ _0\"> </span>uwzgl\u0119dniaj\u0105cy <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>wydobycia <span class=\"_ _0\"> </span>i <span class=\"_ _0\"> </span>przerobu <span class=\"_ _0\"> </span>urobku, <span class=\"_ _0\"></span>koszt<span class=\"_ _3\"></span>y <span class=\"_ _0\"> </span>transportu, <span class=\"_ _0\"> </span>podatek <span class=\"_ _0\"></span>od <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>ydobycia <span class=\"_ _0\"> </span>niekt\u00f3rych <span class=\"_ _0\"> </span>kopalin, <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>administracyjne <span class=\"_ _0\"> </span>fazy <span class=\"_ _0\"> </span>g\u00f3rniczej <span class=\"_ _53\"></span>oraz <span class=\"_ _0\"> </span>premi\u0119 <span class=\"_ _0\"> </span>przerobow\u0105 <span class=\"_ _0\"> </span>hutniczo-rafinacyjn\u0105 <span class=\"_ _0\"> </span>(TC/RC) pomniejszony <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>prod<span class=\"_ _2\"></span>ukt\u00f3w <span class=\"_ _2\"></span>ubocznych.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Koszt <span class=\"_ _53\"></span>C1 <span class=\"_ _2\"></span>odnoszony <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>koncentrac<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>w\u0142asnym <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>rzypadku <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _2\"></span>Polska <span class=\"_ _2\"></span>Mi<span class=\"_ _2\"></span>ed\u017a <span class=\"_ _2\"></span>S.A<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>produktach <span class=\"_ _53\"></span>ko\u0144cowych <span class=\"_ _2\"></span>poszczeg\u00f3ln<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>kopal\u0144 <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>International <span class=\"_ _2\"></span>Ltd. i segmentu Sierra Gorda S.C.M. Koszt C1 w PLN/funt zosta\u0142 obliczony wg kursu \u015bredniego NBP (\u015brednia arytmetyczna z dziennych notowa\u0144 wg tabel NBP). *** Stosunek skorygowanej EBITDA do przychod\u00f3w z um\u00f3w z klientami.<span class=\"_ _2\"></span> Na potrzeby kalkulacji mar\u017cy EBITDA Grupy Kapita\u0142owej (30%) skonsolidowane przychody z um\u00f3w z klien<span class=\"_ _2\"></span>tami <span class=\"_ _3\"></span>powi\u0119kszone zosta\u0142y o przychody z um\u00f3w z klie<span class=\"_ _2\"></span>ntami segmentu Sierra Gorda S.C.M. [10 327 / (29 803 + 4 585) * 100] **** Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu<span class=\"_ _192\"> </span>Uzgodnienie EBITDA skorygowana od 01.01.2022 do 31.12.2022 KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Pozosta\u0142e segmenty Korekty<span class=\"_ _192\"> </span>konsolidacyjne* Skonsolidowane sprawozdanie finansowe Sierra Gorda S.C.M. ** Skorygowana<span class=\"_ _192\"> </span>EBITDA<span class=\"_ _192\"> </span>(suma segment\u00f3w) 1 <span class=\"_ _bc\"> </span>2 <span class=\"_ _bc\"> </span>3 <span class=\"_ _bc\"> </span>4 5<span class=\"_ _192\"> </span>(1+2+3+4) 6 7<span class=\"_ _192\"> </span>(5+6-4) Zysk / (Strata) netto <span class=\"_ _25\"> </span><span class=\"fc0\">3 533 <span class=\"_ _7b\"> </span> 900 <span class=\"_ _9f\"> </span>( 51) <span class=\"_ _7b\"> </span> 39<span class=\"_ _2\"></span>2 <span class=\"_ _b6\"> </span>4 774 <span class=\"_ _7b\"> </span> 2<span class=\"_ _2\"></span>39 <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">Wynik z zaanga\u017cowania we wsp\u00f3lne  </span>       przedsi\u0119wzi\u0119cia - <span class=\"_ _b\"> </span>1 455 <span class=\"_ _94\"> </span>- <span class=\"_ _a5\"> </span>- <span class=\"_ _b\"> </span>1 455 <span class=\"_ _ac\"> </span>- <span class=\"_ _a5\"> </span>  [-]  <span class=\"fc0\">Podatek dochodowy bie\u017c\u0105cy  </span>     i odroczony, podatek g\u00f3rniczy*** (1 463) <span class=\"_ _b6\"> </span>( 12<span class=\"_ _2\"></span>2) <span class=\"_ _9f\"> </span>( 3<span class=\"_ _2\"></span>6) <span class=\"_ _b8\"> </span>(<span class=\"_ _2\"></span> 94) <span class=\"_ _bd\"> </span>(1 715) <span class=\"_ _b6\"> </span>( 17<span class=\"_ _2\"></span>7) <span class=\"_ _a5\"> </span>  [-]  <span class=\"fc0\">Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _be\"> </span>(1 434) <span class=\"_ _b6\"> </span>( 56<span class=\"_ _2\"></span>8) <span class=\"_ _9b\"> </span>( 273) <span class=\"_ _bf\"> </span> 36 <span class=\"_ _bd\"> </span>(2 239) <span class=\"_ _b6\"> </span>( 93<span class=\"_ _2\"></span>7) <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">Przychody i (koszty) finansowe <span class=\"_ _c0\"> </span>( 269) <span class=\"_ _bd\"> </span>(1 033) <span class=\"_ _7b\"> </span>( 45) <span class=\"_ _b\"> </span>1 075 <span class=\"_ _9b\"> </span>( 272) <span class=\"_ _b6\"> </span>( 8<span class=\"_ _2\"></span>23) <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">Pozosta\u0142e przychody i (koszty) operacyjne <span class=\"_ _c1\"> </span>1 299 <span class=\"_ _7b\"> </span> 203 <span class=\"_ _bf\"> </span> 28 <span class=\"_ _b6\"> </span>( 568) <span class=\"_ _7b\"> </span> 962 <span class=\"_ _7b\"> </span>( 14) <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">(Straty)/odwr\u00f3cenie strat z tytu\u0142u </span>     utraty warto\u015bci aktyw\u00f3w trwa\u0142ych uj\u0119te       w kosztach podstawowej       dzia\u0142alno\u015bci operacyjnej - <span class=\"_ _7b\"> </span>( 36) <span class=\"_ _a0\"> </span> 1 <span class=\"_ _7b\"> </span>( 4<span class=\"_ _2\"></span>5) <span class=\"_ _b8\"> </span>( 80) <span class=\"_ _a5\"> </span>- <span class=\"_ _a5\"> </span>  Wynik segmentu - skorygowana EBITDA <span class=\"_ _c2\"> </span><span class=\"fc0\">5 400 <span class=\"_ _b6\"> </span>1<span class=\"_ _2\"></span> 001 <span class=\"_ _b8\"> </span> 2<span class=\"_ _2\"></span>74 <span class=\"_ _9f\"> </span>( 11) <span class=\"_ _b6\"> </span>6 6<span class=\"_ _2\"></span>64 <span class=\"_ _b6\"> </span>2 190 <span class=\"_ _b6\"> </span>8<span class=\"_ _2\"></span> 865 </span> * <span class=\"ff3\">Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu. </span>** 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych Sierra Gorda S.C.M. *** Podatek g\u00f3rniczy dotyczy tylko segmentu Sierra Gorda S.C.M.<span class=\"ff3\"> </span>Uzgodnienie EBITDA skorygowana od 01.01.2021 do 31.12.2021 KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Pozosta\u0142e segmenty Korekty<span class=\"_ _192\"> </span>konsolidacyjne* Skonsolidowane sprawozdanie finansowe Sierra Gorda S.C.M. ** Skorygowana<span class=\"_ _192\"> </span>EBITDA<span class=\"_ _192\"> </span>(suma segment\u00f3w) 1 <span class=\"_ _bc\"> </span>2 <span class=\"_ _bc\"> </span>3 <span class=\"_ _bc\"> </span>4 5<span class=\"_ _192\"> </span>(1+2+3+4) 6 7<span class=\"_ _192\"> </span>(5+6-4) Zysk / (Strata) netto <span class=\"_ _25\"> </span><span class=\"fc0\">5 169 <span class=\"_ _b6\"> </span>2<span class=\"_ _2\"></span> 632 <span class=\"_ _9e\"> </span>( 140<span class=\"_ _2\"></span>) <span class=\"_ _8f\"> </span>(1<span class=\"_ _2\"></span> 506) <span class=\"_ _b6\"> </span>6 155 <span class=\"_ _b\"> </span>3 178 <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">Wynik z zaanga\u017cowania we wsp\u00f3lne  </span>       przedsi\u0119wzi\u0119cia - <span class=\"_ _b\"> </span>2 874 <span class=\"_ _94\"> </span>- <span class=\"_ _a5\"> </span>- <span class=\"_ _b\"> </span>2 874 <span class=\"_ _ac\"> </span>- <span class=\"_ _a5\"> </span>  [-]  <span class=\"fc0\">Podatek dochodowy bie\u017c\u0105cy  </span>     i odroczony, podatek g\u00f3rniczy*** (1 547) <span class=\"_ _a0\"> </span> 1<span class=\"_ _2\"></span> <span class=\"_ _b8\"> </span>( 63<span class=\"_ _2\"></span>) <span class=\"_ _b8\"> </span>( 60<span class=\"_ _2\"></span>) <span class=\"_ _bd\"> </span>(1 669) <span class=\"_ _bd\"> </span>(1 059) <span class=\"_ _a5\"> </span>  [-]  <span class=\"fc0\">Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _be\"> </span>(1 363) <span class=\"_ _b6\"> </span>( 51<span class=\"_ _2\"></span>6) <span class=\"_ _9b\"> </span>( 258) <span class=\"_ _bf\"> </span> 14 <span class=\"_ _bd\"> </span>(2 123) <span class=\"_ _b6\"> </span>( 77<span class=\"_ _2\"></span>7) <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">Przychody i (koszty) finansowe <span class=\"_ _c0\"> </span>( 476) <span class=\"_ _b6\"> </span>( 974) <span class=\"_ _b8\"> </span>( 1<span class=\"_ _2\"></span>9) <span class=\"_ _7b\"> </span> 998 <span class=\"_ _b6\"> </span>( 47<span class=\"_ _2\"></span>1) <span class=\"_ _9b\"> </span>(<span class=\"_ _2\"></span> 787) <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">Pozosta\u0142e przychody i (koszty) operacyjne <span class=\"_ _c1\"> </span>3 088 <span class=\"_ _bf\"> </span> 69 <span class=\"_ _b8\"> </span>( 19) <span class=\"_ _bd\"> </span>(2<span class=\"_ _2\"></span> 427) <span class=\"_ _b8\"> </span> 71<span class=\"_ _2\"></span>1 <span class=\"_ _9a\"> </span>( 5) <span class=\"_ _a5\"> </span>  </span>[-]  <span class=\"fc0\">(Straty)/odwr\u00f3cenie strat z tytu\u0142u </span>     utraty warto\u015bci aktyw\u00f3w trwa\u0142ych uj\u0119te       w kosztach podstawowej       dzia\u0142alno\u015bci operacyjnej ( 7) <span class=\"_ _b6\"> </span>( 162) <span class=\"_ _b6\"> </span>( 127) <span class=\"_ _9a\"> </span>(<span class=\"_ _2\"></span> 3) <span class=\"_ _b6\"> </span>( 299) <span class=\"_ _b6\"> </span>2 6<span class=\"_ _2\"></span>39 <span class=\"_ _a5\"> </span>  Wynik segmentu - skorygowana EBITDA <span class=\"_ _c2\"> </span><span class=\"fc0\">5 474 <span class=\"_ _b6\"> </span>1<span class=\"_ _2\"></span> 340 <span class=\"_ _b8\"> </span> 3<span class=\"_ _2\"></span>46 <span class=\"_ _9f\"> </span>( 28) <span class=\"_ _b6\"> </span>7 1<span class=\"_ _2\"></span>32 <span class=\"_ _b6\"> </span>3 167 <span class=\"_ _bd\"> </span>1<span class=\"_ _2\"></span>0 327 </span>  * <span class=\"ff3\">Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu. </span>** 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych Sierra Gorda S.C.M. *** Podatek g\u00f3rniczy dotyczy tylko segmentu Sierra Gorda S.C.M.<span class=\"ff3\"> </span>Szczeg\u00f3\u0142owe <span class=\"_ _53\"></span>om\u00f3wienie <span class=\"_ _0\"></span>wynik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _0\"></span>poszczeg<span class=\"_ _3\"></span>\u00f3lnych <span class=\"_ _0\"></span>segment\u00f3w <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _53\"></span>zaprezentowane <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>Sprawozdaniu <span class=\"_ _53\"></span>Zarz\u0105du <span class=\"_ _0\"></span>z dzia<span class=\"_ _3\"></span>\u0142alno\u015bci <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>KGHM <span class=\"_ _0\"></span>Polska Mied\u017a S.A. w 2<span class=\"_ _3\"></span>022 roku w r<span class=\"_ _3\"></span>ozdzia\u0142ach: -<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">segment KGHM Po<span class=\"_ _3\"></span>lska Mied\u017a S.A<span class=\"_ _3\"></span>. w rozdziale 8, </span></span>-<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">segment KGHM INTER<span class=\"_ _3\"></span>NATIONAL<span class=\"_ _3\"></span> LTD. w rozdziale 9,<span class=\"_ _3\"></span> </span></span>-<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">segment Sierra G<span class=\"_ _3\"></span>orda S.C.M. w rozdzia<span class=\"_ _3\"></span>le 10.</span></span>Nota 2.3 Przych<span class=\"_ _3\"></span>ody z um\u00f3w z kli<span class=\"_ _3\"></span>entami Grupy Kapita\u0142owej <span class=\"_ _3\"></span>\u2013 podzia\u0142 wed\u0142ug asortym<span class=\"_ _3\"></span>entu Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci W <span class=\"_ _57\"> </span>przychodach <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>um\u00f3w <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>klientami <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>sprawozdaniu <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>ujmowane <span class=\"_ _57\"> </span>s\u0105 <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>powstaj\u0105ce <span class=\"_ _57\"> </span>ze <span class=\"_ _57\"> </span>zwyk\u0142ej <span class=\"_ _57\"> </span>dzia\u0142alno\u015bci<span class=\"_ _3\"></span> operacyjnej Grupy, tj<span class=\"_ _3\"></span>. przychody z<span class=\"_ _3\"></span>e sprzeda\u017cy produkt<span class=\"_ _3\"></span>\u00f3w, towar\u00f3w i ma<span class=\"_ _3\"></span>teria\u0142\u00f3w. Grupa <span class=\"_ _74\"> </span>generuje <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>g\u0142\u00f3wnie  z<span class=\"_ _3\"></span>e  sprz<span class=\"_ _3\"></span>eda\u017cy: <span class=\"_ _74\"> </span>miedzi, <span class=\"_ _74\"> </span>srebra <span class=\"_ _74\"> </span>i  z\u0142ota. <span class=\"_ _1\"> </span>Po<span class=\"_ _2\"></span>zosta\u0142e <span class=\"_ _74\"> </span>mniejsze <span class=\"_ _1\"> </span>strumienie  pr<span class=\"_ _3\"></span>zychod\u00f3w <span class=\"_ _74\"> </span>pochodz\u0105 ze sprzeda\u017cy us\u0142ug (w ty<span class=\"_ _2\"></span>m dystrybucji energii elektrycznej i <span class=\"_ _2\"></span>innych medi\u00f3w oraz us\u0142ug <span class=\"_ _2\"></span>budowy kopal\u0144) oraz pozosta\u0142ych produkt\u00f3w (w tym energii elek<span class=\"_ _3\"></span>trycznej), towar<span class=\"_ _3\"></span>\u00f3w i materia\u0142\u00f3w (w tym stali i r<span class=\"_ _3\"></span>opy naftowej i j<span class=\"_ _3\"></span>ej pochodnych). Grupa  ujmuje  p<span class=\"_ _3\"></span>rzychody  z <span class=\"_ _74\"> </span>um\u00f3w  z  klientami  w  m<span class=\"_ _3\"></span>omencie  spe\u0142n<span class=\"_ _3\"></span>ienia  przez  Grup<span class=\"_ _3\"></span>\u0119  zobowi\u0105za<span class=\"_ _3\"></span>nia  do  wykonania <span class=\"_ _74\"> </span>\u015bwiadczenia, poprzez  przekazanie  przyrze<span class=\"_ _3\"></span>czonego  towaru  lub  us\u0142ugi  nabywcy,  gdzie  przekazan<span class=\"_ _3\"></span>ie  to  stanowi  jednocze\u015bnie  uzyskani<span class=\"_ _3\"></span>e  przez nabywc\u0119 <span class=\"_ _57\"> </span>kontroli <span class=\"_ _57\"> </span>nad <span class=\"_ _57\"> </span>tym <span class=\"_ _57\"> </span>sk\u0142adnikiem <span class=\"_ _59\"> </span>akt<span class=\"_ _3\"></span>yw\u00f3w, <span class=\"_ _57\"> </span>tj. <span class=\"_ _59\"> </span>zdoln<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _57\"> </span>do <span class=\"_ _59\"> </span>bezp<span class=\"_ _3\"></span>o\u015bredniego <span class=\"_ _57\"> </span>rozporz\u0105dzania <span class=\"_ _57\"> </span>przekazanym <span class=\"_ _57\"> </span>sk\u0142adnikie<span class=\"_ _3\"></span>m aktyw\u00f3w <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>uzyskiwania <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>niego <span class=\"_ _1\"> </span>zasadniczo <span class=\"_ _1\"> </span>wszystkich <span class=\"_ _1\"> </span>pozosta\u0142y<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>korzy\u015bci <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>zdolno\u015b\u0107 <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>niedopuszczania <span class=\"_ _1\"> </span>innych <span class=\"_ _1\"> </span>jednostek<span class=\"_ _3\"></span> do rozporz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _2\"></span>sk\u0142<span class=\"_ _2\"></span>adnikiem <span class=\"_ _2\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>uzyskiwania <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>niego <span class=\"_ _2\"></span>korzy\u015bci. <span class=\"_ _2\"></span>Poniewa\u017c <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>wi\u0119kszo\u015bci <span class=\"_ _2\"></span>transakcji <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>po <span class=\"_ _53\"></span>dokonani<span class=\"_ _3\"></span>u wysy\u0142ki <span class=\"_ _1\"> </span>przyrzeczoneg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>towaru <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>przekazaniu <span class=\"_ _1\"> </span>nad <span class=\"_ _1\"> </span>nim <span class=\"_ _1\"> </span>kontroli <span class=\"_ _1\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _1\"> </span>ma <span class=\"_ _1\"> </span>bezwarunkowe <span class=\"_ _0\"> </span>prawo <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>otrzymania <span class=\"_ _1\"> </span>wynagrodzeni<span class=\"_ _3\"></span>a od klienta, <span class=\"_ _0\"></span>gdy\u017c <span class=\"_ _0\"></span>jedynym <span class=\"_ _0\"> </span>warunkiem <span class=\"_ _0\"></span>jego <span class=\"_ _1\"> </span>otrzymania <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>up\u0142yw <span class=\"_ _0\"></span>czasu, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>ujmuje <span class=\"_ _0\"></span>nale\u017cne <span class=\"_ _0\"></span>jej <span class=\"_ _1\"> </span>wynagrodz<span class=\"_ _3\"></span>enie <span class=\"_ _0\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _0\"></span>um\u00f3w z klientami jako nal<span class=\"_ _3\"></span>e\u017cno\u015b\u0107 i tym samym <span class=\"_ _3\"></span>Grupa nie rozpoznaje ak<span class=\"_ _3\"></span>tyw\u00f3w z tytu\u0142u wyk<span class=\"_ _3\"></span>onania  umowy. Ponadto, <span class=\"_ _0\"> </span>przychody <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _0\"></span>us\u0142ug <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>wyniku <span class=\"_ _1\"> </span>finansowym <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>miar\u0119 <span class=\"_ _1\"> </span>up\u0142ywu <span class=\"_ _0\"></span>czasu, <span class=\"_ _1\"> </span>je\u017celi <span class=\"_ _1\"> </span>spe\u0142niony <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>jeden z nast\u0119puj\u0105cych war<span class=\"_ _3\"></span>unk\u00f3w: -<span class=\"ff8\"> <span class=\"_ _57\"> </span><span class=\"ff2\">klient <span class=\"_ _1\"> </span>jednocze\u015bni<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>trzymuje <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>czerpie <span class=\"_ _0\"></span>korzy\u015bci <span class=\"_ _0\"></span>ekonomiczne <span class=\"_ _0\"></span>p\u0142yn\u0105ce <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>miar\u0119 <span class=\"_ _0\"> </span>jak <span class=\"_ _1\"> </span>wykonuje <span class=\"_ _0\"></span>ona <span class=\"_ _0\"></span>swoje </span></span>zobowi\u0105zanie, lub<span class=\"_ _3\"></span> -<span class=\"ff8\"> <span class=\"_ _57\"> </span><span class=\"ff2\">w <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>spe\u0142nienia  zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _57\"> </span>przez  Grup\u0119 <span class=\"_ _57\"> </span>powstaje  lub  zos<span class=\"_ _2\"></span>taje  ulepszony <span class=\"_ _57\"> </span>sk\u0142adnik  aktyw\u00f3w  (np. <span class=\"_ _57\"> </span>produkcja  w toku), </span></span>a kontrol\u0119 nad tym sk<span class=\"_ _3\"></span>\u0142adnikiem w <span class=\"_ _3\"></span>miar\u0119 jego powstawania lub <span class=\"_ _3\"></span>ulepszania, spra<span class=\"_ _3\"></span>wuje klient, lub -<span class=\"ff8\"> <span class=\"_ _57\"> </span><span class=\"ff2\">w wyniku spe\u0142nienia zobowi\u0105zan<span class=\"_ _3\"></span>ia przez Grup\u0119 powstaje sk\u0142adnik<span class=\"_ _3\"></span> aktyw\u00f3w, kt\u00f3ry nie ma alternaty<span class=\"_ _3\"></span>wnego zastosowania dla <span class=\"_ _3\"></span>Grupy </span></span>i jednocze\u015bnie Grupi<span class=\"_ _3\"></span>e przys\u0142uguje egzekw<span class=\"_ _3\"></span>owalne prawo do zap<span class=\"_ _3\"></span>\u0142aty za dotychczas wyk<span class=\"_ _3\"></span>onane \u015bwiadcz<span class=\"_ _3\"></span>enie. Je\u017celi <span class=\"_ _1\"> </span>Grupa <span class=\"_ _74\"> </span>ujmuje <span class=\"_ _1\"> </span>przych\u00f3d <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>dstawie <span class=\"_ _1\"> </span>obmiar\u00f3w <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>przyj\u0119t\u0105 <span class=\"_ _74\"> </span>metod\u0105 <span class=\"_ _1\"> </span>pomiaru <span class=\"_ _74\"> </span>stopnia <span class=\"_ _1\"> </span>zaawansowania <span class=\"_ _1\"> </span>wykonan<span class=\"_ _3\"></span>ia \u015bwiadczenia, <span class=\"_ _1\"> </span>zanim <span class=\"_ _74\"> </span>zostanie <span class=\"_ _74\"> </span>wystawiona <span class=\"_ _1\"> </span>faktura, <span class=\"_ _74\"> </span>ujmuje <span class=\"_ _74\"> </span>nale\u017cne <span class=\"_ _74\"> </span>wynagrodzenie <span class=\"_ _1\"> </span>jako <span class=\"_ _74\"> </span>aktywo <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>umowy <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>przenosi <span class=\"_ _74\"> </span>je <span class=\"_ _74\"> </span>na nale\u017cno\u015bci kiedy pr<span class=\"_ _3\"></span>awo do wynagrodz<span class=\"_ _3\"></span>enia staje si\u0119 bezwarun<span class=\"_ _3\"></span>kowe. Jako <span class=\"_ _1\"> </span>zobowi\u0105zanie <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>wykonani<span class=\"_ _3\"></span>a <span class=\"_ _1\"> </span>\u015bwiadczenia <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>rozpoznaje <span class=\"_ _0\"> </span>ka\u017cde, <span class=\"_ _1\"> </span>zawarte <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>umowie <span class=\"_ _0\"> </span>przyrzeczenie <span class=\"_ _1\"> </span>przekazania <span class=\"_ _1\"> </span>kliento<span class=\"_ _3\"></span>wi towaru <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>us\u0142ugi, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>mo\u017cna wyodr\u0119bni\u0107, <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>grupy <span class=\"_ _2\"></span>wyodr\u0119bnionych towar\u00f3w <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>us\u0142ug, kt<span class=\"_ _2\"></span>\u00f3re s<span class=\"_ _2\"></span>\u0105 zasadniczo takie <span class=\"_ _2\"></span>same <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>taki sam spos\u00f3b <span class=\"_ _2\"></span>przekazywane klientowi. Dla ka\u017cdego zo<span class=\"_ _2\"></span>bowi\u0105zania do wykonania \u015bwiadczenia, Grupa ustala <span class=\"_ _2\"></span>(na po<span class=\"_ _2\"></span>dstawie warunk\u00f3w<span class=\"_ _3\"></span> umownych), <span class=\"_ _2\"></span>czy <span class=\"_ _53\"></span>b\u0119dzie <span class=\"_ _53\"></span>je <span class=\"_ _53\"></span>realizowa\u0107 <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>miar\u0119 <span class=\"_ _53\"></span>up\u0142ywu <span class=\"_ _2\"></span>czasu <span class=\"_ _53\"></span>lub <span class=\"_ _2\"></span>czy <span class=\"_ _53\"></span>spe\u0142ni <span class=\"_ _53\"></span>je w okre\u015blonym <span class=\"_ _2\"></span>momencie. <span class=\"_ _53\"></span>W <span class=\"_ _2\"></span>szczeg\u00f3lno\u015bci <span class=\"_ _53\"></span>dla <span class=\"_ _2\"></span>um\u00f3w na sprzeda\u017c miedzi, srebra i z\u0142<span class=\"_ _2\"></span>ota ka\u017cda jedno<span class=\"_ _2\"></span>stka miary przekazanego towaru (np. 1 <span class=\"_ _2\"></span>tona miedzi lub 1 <span class=\"_ _2\"></span>kg srebra) stanowi o<span class=\"_ _2\"></span>dr\u0119bne<span class=\"_ _3\"></span> zobowi\u0105zanie do wykonania \u015bwiadczenia. W <span class=\"_ _2\"></span>zwi\u0105zku z tym, <span class=\"_ _2\"></span>dla ka\u017cdej sprzeda\u017cy lub <span class=\"_ _2\"></span>wysy\u0142ki produkt\u00f3w, obejmuj\u0105cej wielokrotno<span class=\"_ _3\"></span>\u015b\u0107 jednostki <span class=\"_ _74\"> </span>miary <span class=\"_ _74\"> </span>przekazanego <span class=\"_ _1\"> </span>pro<span class=\"_ _2\"></span>duktu, <span class=\"_ _74\"> </span>kt\u00f3ra <span class=\"_ _74\"> </span>jest  r<span class=\"_ _3\"></span>ealizowana <span class=\"_ _1\"> </span>w  tym <span class=\"_ _74\"> </span>samym <span class=\"_ _74\"> </span>czasie, <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>wype\u0142nia <span class=\"_ _74\"> </span>swoje <span class=\"_ _74\"> </span>zobowi\u0105zania <span class=\"_ _74\"> </span>do wykonania \u015bwiadczen<span class=\"_ _3\"></span>ia oraz ujmuje prz<span class=\"_ _3\"></span>ych\u00f3d, w tym samym mo<span class=\"_ _3\"></span>mencie. W <span class=\"_ _1\"> </span>kontraktach <span class=\"_ _0\"></span>handlowych, <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _0\"></span>wype\u0142nienie <span class=\"_ _1\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"> </span>zachodzi <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>okre\u015blonym <span class=\"_ _0\"> </span>mo<span class=\"_ _2\"></span>menci<span class=\"_ _3\"></span>e czasu, <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>stosuje <span class=\"_ _53\"></span>r\u00f3\u017cne <span class=\"_ _2\"></span>warunki <span class=\"_ _2\"></span>p\u0142atno\u015bci <span class=\"_ _2\"></span>obejmuj\u0105ce <span class=\"_ _2\"></span>zar\u00f3wno <span class=\"_ _53\"></span>przedp\u0142aty do<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>kilku <span class=\"_ _53\"></span>dni <span class=\"_ _2\"></span>przed <span class=\"_ _2\"></span>dostaw\u0105 <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>i odroczone <span class=\"_ _2\"></span>terminy<span class=\"_ _3\"></span> p\u0142atno\u015bci do <span class=\"_ _2\"></span>120 dni, <span class=\"_ _2\"></span>przy czym <span class=\"_ _2\"></span>odroczone t<span class=\"_ _2\"></span>erminy p\u0142atno\u015bci nie <span class=\"_ _2\"></span>dotycz\u0105 srebra. <span class=\"_ _2\"></span>Terminy p\u0142<span class=\"_ _2\"></span>atno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _2\"></span>uzale\u017cnione s\u0105 <span class=\"_ _2\"></span>od o<span class=\"_ _2\"></span>ceny ryzyka kredytowego <span class=\"_ _53\"></span>odbiorcy <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>mo\u017cliwo\u015bci <span class=\"_ _0\"></span>zabezpieczenia <span class=\"_ _53\"></span>nale\u017cno\u015bci. <span class=\"_ _0\"></span>P\u0142atno\u015b\u0107 <span class=\"_ _53\"></span>wynagrodzenia <span class=\"_ _0\"></span>staj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>wymagalna,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>zale\u017cno\u015bci <span class=\"_ _53\"></span>od warunk\u00f3w  umownych,  tj.  przed  zrealizowaniem  przez  Grup\u0119  dostawy <span class=\"_ _57\"> </span>(przedp<span class=\"_ _3\"></span>\u0142ata)  lub <span class=\"_ _57\"> </span>po  wype\u0142nieniu  przez  Grup\u0119  swojego<span class=\"_ _3\"></span> zobowi\u0105zania <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>wyk<span class=\"_ _3\"></span>onania <span class=\"_ _5a\"> </span>\u015bwiadczenia. <span class=\"_ _54\"> </span>Je\u017cel<span class=\"_ _3\"></span>i <span class=\"_ _5a\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _5a\"> </span>otrzymuje <span class=\"_ _5a\"> </span>wy<span class=\"_ _2\"></span>nagrodz<span class=\"_ _3\"></span>enie <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _5a\"> </span>klienta <span class=\"_ _5a\"> </span>przed <span class=\"_ _54\"> </span>wype\u0142nieniem <span class=\"_ _5a\"> </span>swojeg<span class=\"_ _3\"></span>o zobowi\u0105zania <span class=\"_ _74\"> </span>do  wykonania <span class=\"_ _74\"> </span>\u015bwiadczenia,  ujmuje <span class=\"_ _74\"> </span>je  jako  z<span class=\"_ _3\"></span>obowi\u0105zanie <span class=\"_ _74\"> </span>z  tytu\u0142u  um<span class=\"_ _3\"></span>owy.  Nato<span class=\"_ _3\"></span>miast  w <span class=\"_ _74\"> </span>przypadku  odrocz<span class=\"_ _3\"></span>onych termin\u00f3w <span class=\"_ _57\"> </span>p\u0142atno\u015bci, <span class=\"_ _59\"> </span>Grupa <span class=\"_ _57\"> </span>ujmuje <span class=\"_ _59\"> </span>wyma<span class=\"_ _3\"></span>galne <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _59\"> </span>kli<span class=\"_ _3\"></span>enta <span class=\"_ _59\"> </span>wynagrodz<span class=\"_ _3\"></span>enie <span class=\"_ _59\"> </span>jako <span class=\"_ _57\"> </span>nale\u017cno\u015b\u0107, <span class=\"_ _57\"> </span>dopiero <span class=\"_ _59\"> </span>po <span class=\"_ _57\"> </span>przekazaniu <span class=\"_ _59\"> </span>kli<span class=\"_ _3\"></span>entowi<span class=\"_ _3\"></span> przyrzeczonych prod<span class=\"_ _3\"></span>ukt\u00f3w i wystawieniu<span class=\"_ _3\"></span> faktury.    Przychody <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>um\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>klientami <span class=\"_ _2\"></span>ujmuje <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kwocie <span class=\"_ _2\"></span>r\u00f3wnej <span class=\"_ _2\"></span>cenie <span class=\"_ _2\"></span>transakcyjnej, <span class=\"_ _2\"></span>stanowi\u0105cej <span class=\"_ _2\"></span>kwot\u0119 <span class=\"_ _2\"></span>wynagrodzenia, kt<span class=\"_ _2\"></span>\u00f3re <span class=\"_ _2\"></span>\u2013 <span class=\"_ _53\"></span>zgodni<span class=\"_ _3\"></span>e z oczekiwaniem  G<span class=\"_ _2\"></span>rupy <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _57\"> </span>b\u0119dzie <span class=\"_ _57\"> </span>jej <span class=\"_ _57\"> </span>przys\u0142ugiwa\u0107 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zamian <span class=\"_ _57\"> </span>za <span class=\"_ _57\"> </span>przekazanie <span class=\"_ _57\"> </span>przyrzeczonych  d\u00f3br <span class=\"_ _57\"> </span>lub <span class=\"_ _57\"> </span>us\u0142ug<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>rzecz <span class=\"_ _57\"> </span>klienta, z wy\u0142\u0105czeniem kw<span class=\"_ _3\"></span>ot pobranych w im<span class=\"_ _3\"></span>ieniu os\u00f3b trzecich.  Cena <span class=\"_ _1\"> </span>transakc<span class=\"_ _3\"></span>yjna <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>dzwierciedla <span class=\"_ _0\"></span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>zmian\u0119 <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _1\"> </span>pieni\u0105dza<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>czasie, <span class=\"_ _0\"> </span>je\u017celi <span class=\"_ _1\"> </span>umowa <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>klientem <span class=\"_ _1\"> </span>zawiera <span class=\"_ _0\"></span>istotny <span class=\"_ _0\"></span>ele<span class=\"_ _2\"></span>men<span class=\"_ _3\"></span>t finansowania, <span class=\"_ _2\"></span>kt\u00f3ry <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kre\u015bla <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>podst<span class=\"_ _2\"></span>awie <span class=\"_ _2\"></span>umownych <span class=\"_ _2\"></span>warunk\u00f3w <span class=\"_ _2\"></span>p\u0142atno\u015bci, <span class=\"_ _2\"></span>bez <span class=\"_ _2\"></span>wzgl\u0119du <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>to <span class=\"_ _53\"></span>czy <span class=\"_ _2\"></span>zosta\u0142 <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>wyra\u017anie <span class=\"_ _2\"></span>okre\u015blony w umowie. <span class=\"_ _0\"></span>Oceniaj\u0105c, <span class=\"_ _0\"></span>czy <span class=\"_ _0\"></span>komponent <span class=\"_ _0\"> </span>finansowania <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>istotny <span class=\"_ _0\"></span>dla <span class=\"_ _1\"> </span>umowy, <span class=\"_ _0\"></span>uwzgl\u0119dnia <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>wszystkie <span class=\"_ _0\"></span>fakty <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>okoliczno\u015bci, <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>ym<span class=\"_ _3\"></span> ewentualn\u0105 <span class=\"_ _53\"></span>r\u00f3\u017cnic\u0119 <span class=\"_ _53\"></span>mi\u0119dzy <span class=\"_ _0\"></span>kwo<span class=\"_ _3\"></span>t\u0105 <span class=\"_ _0\"></span>przyrz<span class=\"_ _3\"></span>eczonego <span class=\"_ _0\"></span>wyna<span class=\"_ _3\"></span>grodzenia <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>n\u0105 <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>got\u00f3wkowej <span class=\"_ _53\"></span>przyrzeczonych <span class=\"_ _53\"></span>towar\u00f3w <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>us\u0142u<span class=\"_ _3\"></span>g oraz <span class=\"_ _54\"> </span>\u0142\u0105czny <span class=\"_ _5a\"> </span>wp\u0142yw <span class=\"_ _5a\"> </span>obu <span class=\"_ _54\"> </span>nast\u0119puj\u0105cych <span class=\"_ _5a\"> </span>czynnik\u00f3w: <span class=\"_ _5a\"> </span>(<span class=\"_ _2\"></span>i) <span class=\"_ _54\"> </span>przew<span class=\"_ _3\"></span>idywany <span class=\"_ _5a\"> </span>okres <span class=\"_ _54\"> </span>od <span class=\"_ _54\"> </span>m<span class=\"_ _3\"></span>omentu, <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>kt\u00f3rym <span class=\"_ _54\"> </span>jednos<span class=\"_ _3\"></span>tka <span class=\"_ _54\"> </span>przekazuj<span class=\"_ _3\"></span>e przyrzeczone <span class=\"_ _0\"></span>towary <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>us\u0142ugi <span class=\"_ _0\"></span>klientowi <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>momentu, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>kt\u00f3rym <span class=\"_ _0\"></span>klient <span class=\"_ _0\"></span>p\u0142aci <span class=\"_ _0\"></span>za <span class=\"_ _0\"></span>te <span class=\"_ _1\"> </span>towary <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>us\u0142ugi, <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>stopy <span class=\"_ _0\"></span>procentowe<span class=\"_ _3\"></span> obowi\u0105zuj\u0105ce <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>danym <span class=\"_ _0\"></span>rynku. <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>zrealizowanych <span class=\"_ _53\"></span>umowach <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>klient\u00f3w <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>zidenty<span class=\"_ _2\"></span>fikowa\u0142<span class=\"_ _3\"></span>a istotny <span class=\"_ _53\"></span>komponent <span class=\"_ _53\"></span>fi<span class=\"_ _2\"></span>nansowani<span class=\"_ _3\"></span>a <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kontrakcie <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>Franco <span class=\"_ _53\"></span>N<span class=\"_ _2\"></span>evada <span class=\"_ _53\"></span>(umowa <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>pisana <span class=\"_ _53\"></span>poni\u017cej <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>cz\u0119\u015bci <span class=\"_ _0\"></span>Wa\u017cne <span class=\"_ _53\"></span>oszacowania, <span class=\"_ _53\"></span>za\u0142o\u017cenia i os\u0105dy). <span class=\"_ _5a\"> </span>Grupa <span class=\"_ _5a\"> </span>przedstawia <span class=\"_ _59\"> </span>skutki <span class=\"_ _5a\"> </span>finansowania <span class=\"_ _5a\"> </span>(koszty <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>odsetek) <span class=\"_ _59\"> </span>odr\u0119bnie <span class=\"_ _5a\"> </span>od <span class=\"_ _5a\"> </span>przychod\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>um\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>klientami w sprawozdaniu <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>ca\u0142kowitych <span class=\"_ _53\"></span>dochod\u00f3w. <span class=\"_ _53\"></span>W <span class=\"_ _0\"></span>kontrakc<span class=\"_ _3\"></span>ie <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _53\"></span>Nevada <span class=\"_ _0\"></span>wyst\u0119pu<span class=\"_ _3\"></span>je <span class=\"_ _0\"></span>r\u00f3wni<span class=\"_ _3\"></span>e\u017c <span class=\"_ _0\"></span>element <span class=\"_ _53\"></span>zmienno\u015bci <span class=\"_ _53\"></span>wynagrodz<span class=\"_ _3\"></span>enia. W takiej <span class=\"_ _57\"> </span>sytuacji  G<span class=\"_ _2\"></span>rupa <span class=\"_ _57\"> </span>rozpoz<span class=\"_ _3\"></span>naje <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>oszacowuj\u0105c  kwot\u0119 <span class=\"_ _57\"> </span>wynagrodzenia,  do<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>kt\u00f3rego <span class=\"_ _57\"> </span>b\u0119dzi<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>uprawniona <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zamian<span class=\"_ _3\"></span> za przekaza<span class=\"_ _3\"></span>ne <span class=\"_ _0\"></span>dobra <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>rzecz <span class=\"_ _0\"></span>klienta <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>zali<span class=\"_ _3\"></span>cza <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>ceny <span class=\"_ _53\"></span>transakcyjnej <span class=\"_ _0\"></span>cz<span class=\"_ _3\"></span>\u0119\u015b\u0107 <span class=\"_ _0\"></span>lub <span class=\"_ _53\"></span>c<span class=\"_ _2\"></span>a\u0142o\u015b\u0107 <span class=\"_ _0\"></span>kw<span class=\"_ _3\"></span>oty <span class=\"_ _0\"></span>wynagrodze<span class=\"_ _3\"></span>nia <span class=\"_ _0\"></span>zmiennego <span class=\"_ _53\"></span>wy\u0142\u0105cznie<span class=\"_ _3\"></span> w takim <span class=\"_ _55\"> </span>zakresie <span class=\"_ _5e\"> </span>w <span class=\"_ _55\"> </span>jakim <span class=\"_ _5e\"> </span>jest <span class=\"_ _5e\"> </span>wysoce <span class=\"_ _5e\"> </span>prawdop<span class=\"_ _3\"></span>odobne, <span class=\"_ _55\"> </span>\u017ce <span class=\"_ _5e\"> </span>nie <span class=\"_ _5e\"> </span>nast\u0105pi <span class=\"_ _55\"> </span>odwr\u00f3cenie <span class=\"_ _5e\"> </span>znacz\u0105cej <span class=\"_ _55\"> </span>cz\u0119\u015bci <span class=\"_ _5e\"> </span>wcze\u015bniej <span class=\"_ _55\"> </span>uj\u0119tych<span class=\"_ _3\"></span> skumulowanych prz<span class=\"_ _3\"></span>ychod\u00f3w w momencie ki<span class=\"_ _3\"></span>edy niepewno\u015b\u0107 c<span class=\"_ _3\"></span>o do wysoko\u015bci wynagr<span class=\"_ _3\"></span>odzenia ustanie. W  przypadku  transakcji <span class=\"_ _57\"> </span>sprzed<span class=\"_ _3\"></span>a\u017cy  produkt\u00f3w <span class=\"_ _57\"> </span>miedzi  i  srebra,  dla  kt<span class=\"_ _2\"></span>\u00f3rych  ce<span class=\"_ _2\"></span>na  zostanie  ustalona  po  dniu <span class=\"_ _57\"> </span>uj\u0119cia  sprzeda\u017cy<span class=\"_ _3\"></span> w ksi\u0119gach <span class=\"_ _1\"> </span>rachunkowych, <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>moment <span class=\"_ _1\"> </span>pocz\u0105tkowego <span class=\"_ _1\"> </span>uj\u0119cia <span class=\"_ _74\"> </span>transakcji <span class=\"_ _1\"> </span>dokonuje <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>ko<span class=\"_ _2\"></span>rekty <span class=\"_ _1\"> </span>przychod\u00f3w <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _74\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u r\u00f3\u017cnicy  pomi<span class=\"_ _3\"></span>\u0119dzy  cen\u0105 <span class=\"_ _74\"> </span>terminow\u0105 <span class=\"_ _74\"> </span>metalu  wyra\u017con\u0105 <span class=\"_ _74\"> </span>w  USD  z <span class=\"_ _74\"> </span>dnia  rozpoznania <span class=\"_ _74\"> </span>sprzeda\u017cy  na  okres <span class=\"_ _74\"> </span>odpowiadaj\u0105cy  okres<span class=\"_ _3\"></span>owi rozliczenia <span class=\"_ _5a\"> </span>transakcji, <span class=\"_ _5a\"> </span>a <span class=\"_ _5a\"> </span>cen\u0105 <span class=\"_ _59\"> </span>wynikaj\u0105c\u0105 <span class=\"_ _5a\"> </span>z faktury <span class=\"_ _5a\"> </span>prowizorycznej. <span class=\"_ _5a\"> </span>Korekta <span class=\"_ _59\"> </span>t<span class=\"_ _2\"></span>a <span class=\"_ _5a\"> </span>doprowadza<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _5a\"> </span>transakcji <span class=\"_ _5a\"> </span>do <span class=\"_ _5a\"> </span>warto\u015bci oczekiwanej  jako  ceny <span class=\"_ _57\"> </span>transakc<span class=\"_ _3\"></span>yjnej <span class=\"_ _57\"> </span>na  moment  pocz\u0105tkowego  uj\u0119cia.   <span class=\"_ _57\"> </span>Dotyczy  to  wy\u0142<span class=\"_ _2\"></span>\u0105cznie  przypadk\u00f3w,  gdy <span class=\"_ _57\"> </span>zmiana  ceny transakcyjnej <span class=\"_ _53\"></span>wynika <span class=\"_ _53\"></span>ze <span class=\"_ _0\"></span>zmiany <span class=\"_ _53\"></span>ceny <span class=\"_ _0\"></span>metalu. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>tego <span class=\"_ _53\"></span>typu <span class=\"_ _0\"></span>zmiennych <span class=\"_ _53\"></span>przychod\u00f3w <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>ma <span class=\"_ _0\"></span>zastosowania <span class=\"_ _53\"></span>ograniczenie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>M<span class=\"_ _2\"></span>SSF <span class=\"_ _53\"></span>15 dotycz\u0105ce <span class=\"_ _5a\"> </span>ujmowania <span class=\"_ _5a\"> </span>zmiennego <span class=\"_ _5a\"> </span>wynagrodzenia <span class=\"_ _5a\"> </span>w kwocie, <span class=\"_ _5a\"> </span>co <span class=\"_ _54\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>kt\u00f3re<span class=\"_ _3\"></span>j <span class=\"_ _54\"> </span>j<span class=\"_ _3\"></span>est <span class=\"_ _54\"> </span>wys<span class=\"_ _3\"></span>oce <span class=\"_ _5a\"> </span>prawdopodobne, <span class=\"_ _5a\"> </span>\u017ce <span class=\"_ _5a\"> </span>nie <span class=\"_ _54\"> </span>nast\u0105pi <span class=\"_ _5a\"> </span>jej<span class=\"_ _3\"></span> odwr\u00f3cenie. <span class=\"_ _53\"></span>Zmiany <span class=\"_ _53\"></span>zarachowanej <span class=\"_ _2\"></span>kwoty <span class=\"_ _0\"></span>po <span class=\"_ _53\"></span>momencie <span class=\"_ _53\"></span>uj\u0119cia <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>wp\u0142ywaj\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>przychody <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>lecz <span class=\"_ _53\"></span>stanowi\u0105 <span class=\"_ _53\"></span>zyski/straty z wyceny do wart<span class=\"_ _3\"></span>o\u015bci godziwej nale\u017cno\u015b<span class=\"_ _3\"></span>ci, zgodnie z zasa<span class=\"_ _3\"></span>dami rachunkowo\u015bci <span class=\"_ _3\"></span>przedstawionymi w<span class=\"_ _3\"></span> Nocie 10.2. Przychody <span class=\"_ _1\"> </span>ze <span class=\"_ _58\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>korygowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>o <span class=\"_ _74\"> </span>wynik <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>rozliczenia <span class=\"_ _74\"> </span>instrument\u00f3w <span class=\"_ _1\"> </span>pochodnych <span class=\"_ _1\"> </span>zabezpieczaj\u0105cych <span class=\"_ _1\"> </span>przysz\u0142e <span class=\"_ _74\"> </span>przep\u0142yw<span class=\"_ _3\"></span>y pieni\u0119\u017cne, zgodnie z <span class=\"_ _3\"></span>og\u00f3ln\u0105 zasad\u0105, \u017ce r<span class=\"_ _3\"></span>ozliczenie pochodnego instrumentu <span class=\"_ _3\"></span>zabezpieczaj\u0105cego w cz\u0119\u015bci stan<span class=\"_ _3\"></span>owi\u0105cej zabezpieczeni<span class=\"_ _3\"></span>e efektywne ujmuje si\u0119 w t<span class=\"_ _2\"></span>ej samej pozycji <span class=\"_ _2\"></span>wyniku finansowego, w kt\u00f3rej ujmowana je<span class=\"_ _2\"></span>st wycena pozycji zabezpieczanej w momencie, kiedy pozycja zab<span class=\"_ _3\"></span>ezpieczana wp\u0142ywa <span class=\"_ _3\"></span>na wynik finansowy.<span class=\"_ _3\"></span> Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Grupa <span class=\"_ _57\"> </span>ujmuje <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>ze <span class=\"_ _57\"> </span>sprzeda\u017cy <span class=\"_ _57\"> </span>produkt\u00f3w,  t<span class=\"_ _2\"></span>owar\u00f3w  i <span class=\"_ _57\"> </span>materia\u0142\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>finansowym <span class=\"_ _57\"> </span>jednoraz<span class=\"_ _3\"></span>owo, <span class=\"_ _57\"> </span>w momencie<span class=\"_ _3\"></span> spe\u0142nienia <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia, <span class=\"_ _0\"></span>w szczeg\u00f3l<span class=\"_ _3\"></span>no\u015bci <span class=\"_ _0\"></span>okre\u015blanym <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>oparciu <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>formu\u0142y <span class=\"_ _0\"></span>baz <span class=\"_ _0\"> </span>dostawy <span class=\"_ _1\"> </span>INCOTERM<span class=\"_ _3\"></span>S. W wi\u0119kszo\u015bci <span class=\"_ _53\"></span>kontrakt\u00f3w, <span class=\"_ _53\"></span>moment <span class=\"_ _53\"></span>przeniesienia <span class=\"_ _53\"></span>kontroli <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>klienta <span class=\"_ _0\"></span>nast\u0119<span class=\"_ _3\"></span>puje <span class=\"_ _53\"></span>po <span class=\"_ _0\"></span>dostarcz<span class=\"_ _3\"></span>eniu <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>klienta, <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>co <span class=\"_ _0\"></span>rozum<span class=\"_ _3\"></span>ie si\u0119 <span class=\"_ _53\"></span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c <span class=\"_ _53\"></span>dostarczenie <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _53\"></span>przewo\u017anikowi <span class=\"_ _53\"></span>lub <span class=\"_ _0\"></span>podstawieni<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>ich <span class=\"_ _0\"></span>klientowi <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>wyznaczony <span class=\"_ _53\"></span>zak\u0142ad <span class=\"_ _0\"></span>(bazy <span class=\"_ _53\"></span>DAP, <span class=\"_ _53\"></span>F<span class=\"_ _2\"></span>CA <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>EX <span class=\"_ _53\"></span>WORKS). W pozosta\u0142ych  k<span class=\"_ _3\"></span>ontraktach  przenie<span class=\"_ _3\"></span>sienie  kontroli  n<span class=\"_ _3\"></span>ad  dobrami <span class=\"_ _74\"> </span>na  klienta  nast\u0119puje  w <span class=\"_ _74\"> </span>momencie  przekazania <span class=\"_ _74\"> </span>przewo\u017anikowi<span class=\"_ _3\"></span> morskiemu na <span class=\"_ _2\"></span>pok\u0142ad stat<span class=\"_ _2\"></span>ku (bazy CFR, <span class=\"_ _2\"></span>CIF, C<span class=\"_ _2\"></span>PT oraz CIP). W <span class=\"_ _2\"></span>tych <span class=\"_ _2\"></span>kontraktach <span class=\"_ _2\"></span>Grupa jest <span class=\"_ _2\"></span>zobowi\u0105zana r\u00f3wnie\u017c <span class=\"_ _2\"></span>do zorganizowania  transportu. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>akich <span class=\"_ _2\"></span>przypadkac<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>dzia\u0142a <span class=\"_ _2\"></span>jako <span class=\"_ _2\"></span>zle<span class=\"_ _2\"></span>ceniodaw<span class=\"_ _3\"></span>ca, <span class=\"_ _2\"></span>poniewa\u017c <span class=\"_ _53\"></span>sprawuje ko<span class=\"_ _2\"></span>ntrol\u0119 nad <span class=\"_ _53\"></span>wykonaniem <span class=\"_ _2\"></span>us\u0142ugi <span class=\"_ _2\"></span>przed <span class=\"_ _2\"></span>jej przekazaniem <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>klienta.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Jednocze\u015bnie <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>przypisuj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>cz\u0119\u015b\u0107 <span class=\"_ _0\"></span>ceny <span class=\"_ _0\"></span>transakcyjnej <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>us\u0142ugi <span class=\"_ _0\"></span>transportu <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ujmuje <span class=\"_ _0\"></span>przych\u00f3d <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>tego tytu\u0142u w miar\u0119 up\u0142ywu <span class=\"_ _3\"></span>czasu. Grupa <span class=\"_ _74\"> </span>rozpoznaje <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>miar\u0119  up\u0142<span class=\"_ _3\"></span>ywu  cz<span class=\"_ _3\"></span>asu <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>realizowanych <span class=\"_ _74\"> </span>us\u0142ug <span class=\"_ _74\"> </span>budowy <span class=\"_ _74\"> </span>kopal\u0144 <span class=\"_ _74\"> </span>i  prowadz<span class=\"_ _3\"></span>enia <span class=\"_ _74\"> </span>innych <span class=\"_ _74\"> </span>rob\u00f3t geologicznych. <span class=\"_ _74\"> </span>Grupa  spe\u0142nia  zobowi\u0105zania <span class=\"_ _74\"> </span>w  czasie,  poniewa\u017c<span class=\"_ _3\"></span>  klient  jednocze\u015bni<span class=\"_ _3\"></span>e  otrzymuje<span class=\"_ _3\"></span>  i  czerpie  korzy<span class=\"_ _3\"></span>\u015bci  ekonomiczn<span class=\"_ _3\"></span>e wynikaj\u0105ce <span class=\"_ _5a\"> </span>ze <span class=\"_ _5a\"> </span>\u015bwiadczonej <span class=\"_ _5a\"> </span>us\u0142<span class=\"_ _3\"></span>ugi <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>miar<span class=\"_ _3\"></span>\u0119 <span class=\"_ _5a\"> </span>jej <span class=\"_ _5a\"> </span>wykonywania <span class=\"_ _5a\"> </span>lub <span class=\"_ _5a\"> </span>ze <span class=\"_ _5a\"> </span>wzgl\u0119du <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>wytwarza<span class=\"_ _3\"></span>nie <span class=\"_ _5a\"> </span>sk\u0142adnik\u00f3w, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _5a\"> </span>nie <span class=\"_ _5a\"> </span>maj\u0105 alternatywnego <span class=\"_ _53\"></span>zastosowania <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>jedno<span class=\"_ _2\"></span>cze\u015bnie <span class=\"_ _53\"></span>Grupie <span class=\"_ _53\"></span>przys\u0142uguje <span class=\"_ _53\"></span>egzekwowalne <span class=\"_ _53\"></span>prawo <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>zap\u0142aty. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>pomiaru <span class=\"_ _53\"></span>stopnia zaawansowania <span class=\"_ _0\"></span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>stosuje <span class=\"_ _1\"> </span>metod\u0119 <span class=\"_ _0\"></span>opart\u0105 <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>nak\u0142adach <span class=\"_ _1\"> </span>poniesion<span class=\"_ _3\"></span>ych <span class=\"_ _0\"> </span>przy <span class=\"_ _1\"> </span>spe\u0142nianiu <span class=\"_ _0\"></span>zobowi\u0105zania do wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _53\"></span>na <span class=\"_ _0\"> </span>bazie <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>niesionych <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>szt\u00f3w <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>innych <span class=\"_ _0\"></span>kontrakt\u00f3w <span class=\"_ _0\"></span>metod\u0119 <span class=\"_ _0\"></span>opart\u0105 <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>wynikach, <span class=\"_ _0\"></span>gdzie <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>g\u00f3ry okre\u015blona cena jedn<span class=\"_ _3\"></span>ostkowa jest <span class=\"_ _3\"></span>stosowana do wyceny j<span class=\"_ _3\"></span>ednostki produkcji (np. <span class=\"_ _3\"></span>do wyceny metr\u00f3w<span class=\"_ _3\"></span> wydr\u0105\u017conego chodnika).<span class=\"_ _3\"></span> Kontrakt z Franco N<span class=\"_ _3\"></span>evada Zobowi\u0105zanie do wy<span class=\"_ _3\"></span>konania \u015bwiadczenia Grupa <span class=\"_ _53\"></span>re<span class=\"_ _2\"></span>alizuje <span class=\"_ _53\"></span>umow\u0119 <span class=\"_ _0\"></span>typu <span class=\"_ _53\"></span>streaming <span class=\"_ _0\"></span>arrangement, <span class=\"_ _53\"></span>stanowi\u0105c\u0105 <span class=\"_ _53\"></span>dost\u0119pne <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>rynku <span class=\"_ _53\"></span>\u017ar\u00f3d\u0142o <span class=\"_ _0\"></span>finansowania <span class=\"_ _53\"></span>jednostek <span class=\"_ _0\"></span>dzia<span class=\"_ _3\"></span>\u0142aj\u0105cych w bran\u017cy wydobywcz<span class=\"_ _3\"></span>ej. Umowa <span class=\"_ _54\"> </span>dotyczy <span class=\"_ _5a\"> </span>sprzeda\u017cy <span class=\"_ _5a\"> </span>po\u0142o<span class=\"_ _2\"></span>wy <span class=\"_ _5a\"> </span>produkcji <span class=\"_ _54\"> </span>z\u0142ota, <span class=\"_ _5a\"> </span>platyny <span class=\"_ _54\"> </span>oraz <span class=\"_ _5a\"> </span>palladu <span class=\"_ _54\"> </span>zawartych <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>rudzie <span class=\"_ _54\"> </span>wydobytej <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>okresie <span class=\"_ _54\"> </span>\u017cyc<span class=\"_ _3\"></span>ia nast\u0119puj\u0105cych <span class=\"_ _0\"></span>kopal\u0144: <span class=\"_ _1\"> </span>Morr<span class=\"_ _192\"> </span>ison, <span class=\"_ _0\"></span>McCreedy <span class=\"_ _1\"> </span>West <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>Podolsky <span class=\"_ _0\"></span>wchodz\u0105cych <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>sk\u0142ad <span class=\"_ _1\"> </span>OWSP <span class=\"_ _1\"> </span>Sudbury. <span class=\"_ _0\"></span>Na <span class=\"_ _1\"> </span>podstawie <span class=\"_ _0\"></span>warunk\u00f3w  umowy <span class=\"_ _59\"> </span>Quadra <span class=\"_ _59\"> </span>FNX <span class=\"_ _59\"> </span>Mining <span class=\"_ _59\"> </span>Ltd. <span class=\"_ _59\"> </span>otrzyma\u0142a <span class=\"_ _59\"> </span>przedp\u0142at\u0119 <span class=\"_ _59\"> </span>w wysoko\u015bci <span class=\"_ _59\"> </span>400 <span class=\"_ _59\"> </span>mln <span class=\"_ _59\"> </span>CAD. <span class=\"_ _59\"> </span>Jednocze\u015bnie, <span class=\"_ _59\"> </span>cena <span class=\"_ _59\"> </span>sprzeda\u017cy <span class=\"_ _59\"> </span>za <span class=\"_ _59\"> </span>uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z <span class=\"_ _2\"></span>umow\u0105, stanowi <span class=\"_ _2\"></span>mniejsza z kwot: (a) 400 <span class=\"_ _2\"></span>USD, <span class=\"_ _2\"></span>powi\u0119kszon<span class=\"_ _3\"></span>e o<span class=\"_ _2\"></span> 1% ka\u017cdego roku <span class=\"_ _2\"></span>pocz\u0105wszy od 2011 r., b\u0105d\u017a (<span class=\"_ _2\"></span>b) <span class=\"_ _2\"></span>cena <span class=\"_ _2\"></span>rynkowa z\u0142<span class=\"_ _2\"></span>ota. <span class=\"_ _2\"></span>Otrzymana<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>przedp\u0142ata <span class=\"_ _2\"></span>pokrywa <span class=\"_ _2\"></span>r\u00f3\u017cnic\u0119 <span class=\"_ _2\"></span>pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>sprzedanej <span class=\"_ _2\"></span>rudy, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>jej <span class=\"_ _2\"></span>warto\u015bci\u0105 w sta\u0142<span class=\"_ _2\"></span>ej cenie <span class=\"_ _2\"></span>sprzeda\u017cy. Grupa uj\u0119\u0142<span class=\"_ _2\"></span>a zobowi\u0105zanie z <span class=\"_ _2\"></span>tytu\u0142u umowy <span class=\"_ _2\"></span>w kwo<span class=\"_ _2\"></span>cie zaliczki z tytu\u0142u <span class=\"_ _2\"></span>zobowi\u0105zania jednostki do <span class=\"_ _2\"></span>wykonania \u015bwiadczenia <span class=\"_ _2\"></span>w postaci <span class=\"_ _53\"></span>przekaza<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>lub <span class=\"_ _2\"></span>gotowo\u015bci <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>przekazani<span class=\"_ _3\"></span>a <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _2\"></span>lub <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _53\"></span>w przysz\u0142o\u015bci. <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>zaprzestaje <span class=\"_ _53\"></span>ujmowania <span class=\"_ _2\"></span>tego zobowi\u0105zania <span class=\"_ _0\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>umowy <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _1\"> </span>przych\u00f3d <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>mo<span class=\"_ _2\"></span>mencie, <span class=\"_ _0\"></span>gdy <span class=\"_ _74\"> </span>przenosi <span class=\"_ _1\"> </span>owe <span class=\"_ _1\"> </span>dobra <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>us\u0142ugi <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>klienta, <span class=\"_ _1\"> </span>spe\u0142niaj\u0105c <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ten spos\u00f3b swoje zob<span class=\"_ _3\"></span>owi\u0105zanie do wykonania <span class=\"_ _3\"></span>\u015bwiadczenia.<span class=\"_ _3\"></span> Wynagrodzenie zmien<span class=\"_ _3\"></span>ne W <span class=\"_ _53\"></span>umowie <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _53\"></span>Nevada <span class=\"_ _2\"></span>\u0142\u0105czna <span class=\"_ _2\"></span>cena <span class=\"_ _53\"></span>transakcyjna <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>zmienna <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>zale\u017cy <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>ilo\u015bci <span class=\"_ _2\"></span>sprzedanych <span class=\"_ _2\"></span>surowc\u00f3w, <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>ta <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>kolei <span class=\"_ _53\"></span>zale\u017cy <span class=\"_ _2\"></span>od wydobycia  rudy  w  przy<span class=\"_ _3\"></span>sz\u0142o\u015bci  przez  okre<span class=\"_ _3\"></span>s  \u017cycia  kopalni  (w  tym<span class=\"_ _3\"></span>  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zat<span class=\"_ _3\"></span>em,  je\u017celi  w  kolejnych <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kresach sprawozdawczych <span class=\"_ _0\"> </span>Grupa <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span>kona<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>zmiany <span class=\"_ _1\"> </span>os\u0105du <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>zakresie <span class=\"_ _1\"> </span>planowanego <span class=\"_ _1\"> </span>wydobycia <span class=\"_ _0\"></span>rudy, <span class=\"_ _1\"> </span>a <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ko<span class=\"_ _2\"></span>nsekwencji <span class=\"_ _1\"> </span>ilo\u015bci <span class=\"_ _1\"> </span>sprzedanyc<span class=\"_ _3\"></span>h surowc\u00f3w \u2013 dok<span class=\"_ _3\"></span>ona tak\u017ce aktualizacji ceny <span class=\"_ _3\"></span>transakcyjnej. Kwoty <span class=\"_ _74\"> </span>przypisane <span class=\"_ _74\"> </span>do  spe<span class=\"_ _3\"></span>\u0142nionych <span class=\"_ _74\"> </span>zobowi\u0105za\u0144 <span class=\"_ _74\"> </span>do  w<span class=\"_ _3\"></span>ykonania <span class=\"_ _74\"> </span>\u015bwiadczenia <span class=\"_ _74\"> </span>Grupa  ujm<span class=\"_ _3\"></span>uje <span class=\"_ _74\"> </span>jako <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>lub  jak<span class=\"_ _3\"></span>o  z<span class=\"_ _3\"></span>mniejszenie przychod\u00f3w w okr<span class=\"_ _3\"></span>esie, w kt\u00f3rym cena tra<span class=\"_ _3\"></span>nsakcyjna uleg\u0142a zmia<span class=\"_ _3\"></span>nie. Istotny element finan<span class=\"_ _3\"></span>sowania W <span class=\"_ _53\"></span>kontek\u015bcie <span class=\"_ _0\"></span>umowy <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _0\"></span>Nevada, <span class=\"_ _53\"></span>maj\u0105c <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>uwadze <span class=\"_ _53\"></span>przewidywany <span class=\"_ _53\"></span>okres <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _53\"></span>momentu, <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kt\u00f3rym <span class=\"_ _53\"></span>otrzymano <span class=\"_ _53\"></span>przedp\u0142at\u0119 <span class=\"_ _53\"></span>do momentu, <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>kt\u00f3rym <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>przekazuje <span class=\"_ _74\"> </span>przyrzeczone <span class=\"_ _1\"> </span>dobra <span class=\"_ _74\"> </span>(okres <span class=\"_ _1\"> </span>\u017cycia <span class=\"_ _74\"> </span>kopalni, <span class=\"_ _74\"> </span>tj. <span class=\"_ _74\"> </span>kilkadziesi\u0105t <span class=\"_ _1\"> </span>lat) <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>charakter <span class=\"_ _74\"> </span>tej <span class=\"_ _74\"> </span>umowy uznano, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _1\"> </span>rozk\u0142ad <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>czasie <span class=\"_ _1\"> </span>p\u0142atno\u015bci <span class=\"_ _0\"> </span>daje <span class=\"_ _1\"> </span>Grupie <span class=\"_ _1\"> </span>korzy\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>finansowania <span class=\"_ _1\"> </span>dos<span class=\"_ _3\"></span>tawy <span class=\"_ _1\"> </span>surowc\u00f3w <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>kupuj\u0105ceg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>(Franco Nevada), co skutkuj<span class=\"_ _3\"></span>e tym, \u017ce umowa z<span class=\"_ _3\"></span>awiera istotny elem<span class=\"_ _3\"></span>ent finansowania. Grupa <span class=\"_ _53\"></span>przedst<span class=\"_ _2\"></span>awia <span class=\"_ _53\"></span>skutki <span class=\"_ _0\"></span>finansowania <span class=\"_ _0\"></span>(koszty <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>tytu\u0142<span class=\"_ _2\"></span>u <span class=\"_ _0\"></span>odsetek<span class=\"_ _3\"></span>) <span class=\"_ _0\"></span>oddzielnie <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>przychod\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>um\u00f3w <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>klie<span class=\"_ _2\"></span>ntami <span class=\"_ _0\"></span>w sprawozdan<span class=\"_ _3\"></span>iu z wyniku. <span class=\"_ _1\"> </span>Koszty <span class=\"_ _74\"> </span>z <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>dsetek <span class=\"_ _1\"> </span>ujmowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>tylko <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>takim <span class=\"_ _1\"> </span>zakresie, <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>jakim<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>wcze\u015bniej <span class=\"_ _74\"> </span>uj\u0119to <span class=\"_ _74\"> </span>zobowi\u0105zanie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _1\"> </span>umowy z Franco Nevada.<span class=\"_ _3\"></span> Ustalenie ceny tran<span class=\"_ _3\"></span>sakcyjnej przypisane<span class=\"_ _3\"></span>j do pozosta\u0142ych zo<span class=\"_ _3\"></span>bowi\u0105za\u0144 do wykonania<span class=\"_ _3\"></span> \u015bwiadcze\u0144 W <span class=\"_ _74\"> </span>syt<span class=\"_ _2\"></span>uacji, <span class=\"_ _1\"> </span>kiedy<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>na  dz<span class=\"_ _3\"></span>ie\u0144 <span class=\"_ _74\"> </span>ko\u0144cz\u0105cy <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _74\"> </span>sprawozdawczy <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>pozosta\u0142e <span class=\"_ _58\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>wykonania <span class=\"_ _74\"> </span>\u015bwiadczenia, wymagane  jest  ujawn<span class=\"_ _3\"></span>ienie  ceny <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ransakcyjnej <span class=\"_ _58\"> </span>przypisanej  do <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ych  zobowi\u0105za\u0144 <span class=\"_ _74\"> </span>(MSSF  15.120-122).  Gru<span class=\"_ _3\"></span>pa  stosuje  rozwi\u0105zanie<span class=\"_ _3\"></span> praktyczne <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>ujawnia <span class=\"_ _53\"></span>zobowi\u0105za\u0144 <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>wykonania <span class=\"_ _53\"></span>\u015bwiadcze\u0144 <span class=\"_ _53\"></span>stanowi\u0105cych <span class=\"_ _53\"></span>cz\u0119\u015b\u0107 <span class=\"_ _53\"></span>um\u00f3w, <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _53\"></span>przewidywany <span class=\"_ _53\"></span>pierwotny <span class=\"_ _53\"></span>okre<span class=\"_ _3\"></span>s obowi\u0105zywania wynosi jeden <span class=\"_ _2\"></span>rok lub kr\u00f3cej. <span class=\"_ _2\"></span>Grupa posiada r\u00f3wnie\u017c ko<span class=\"_ _2\"></span>ntrakty d\u0142ugoterminow<span class=\"_ _3\"></span>e, w <span class=\"_ _2\"></span>kt\u00f3rych cena j<span class=\"_ _2\"></span>est oparta g\u0142\u00f3wnie na wynagrodzeniu z<span class=\"_ _3\"></span>miennym, kt\u00f3re<span class=\"_ _3\"></span>go Grupa nie uwzgl\u0119dnia <span class=\"_ _3\"></span>w szacunku <span class=\"_ _3\"></span>ceny transakcyjnej.<span class=\"_ _192\"> </span>Ponadto, <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>(przez <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>p\u00f3\u0142k\u0119 <span class=\"_ _2\"></span>DMC) <span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>alizuje <span class=\"_ _2\"></span>kontrakty <span class=\"_ _2\"></span>d\u0142ugoterminowe <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>budow\u0119 <span class=\"_ _53\"></span>kopal\u0144, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kt<span class=\"_ _2\"></span>\u00f3rych <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach <span class=\"_ _57\"> </span>spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie, <span class=\"_ _57\"> </span>kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. <span class=\"_ _2\"></span>\u0141\u0105czna <span class=\"_ _2\"></span>kwota <span class=\"_ _2\"></span>ceny <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ransakcyjnej <span class=\"_ _2\"></span>przypisanej <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>zobowi\u0105za\u0144 do<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>wykonania <span class=\"_ _2\"></span>\u015bwiadcze\u0144, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>pozosta\u0142y <span class=\"_ _2\"></span>niespe\u0142nione na <span class=\"_ _2\"></span>koniec <span class=\"_ _2\"></span>okresu <span class=\"_ _53\"></span>sprawozdawcz<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>wynios\u0142a <span class=\"_ _2\"></span>899 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>czego <span class=\"_ _53\"></span>kwota 559 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _2\"></span>zostanie <span class=\"_ _2\"></span>zrealizowana <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>roku <span class=\"_ _2\"></span>2023, kwota 149 mln P<span class=\"_ _3\"></span>LN zostanie zrealizowana w <span class=\"_ _3\"></span>2024 r., a kwota 191 m<span class=\"_ _3\"></span>ln PLN zostanie zrealizowana w <span class=\"_ _3\"></span>2025 r. lub p\u00f3\u017aniej. W tych kon<span class=\"_ _3\"></span>traktach nie wyst\u0119puje zmie<span class=\"_ _3\"></span>nny element wynagr<span class=\"_ _3\"></span>odzenia. Przychody z um<span class=\"_ _3\"></span>\u00f3w z klient<span class=\"_ _3\"></span>ami Grupy Kapita\u0142owej <span class=\"_ _3\"></span>\u2013 podzia\u0142 w<span class=\"_ _3\"></span>ed\u0142ug asortymentu<span class=\"_ _3\"></span> od 01.01.2022 do 3<span class=\"_ _2\"></span>1.12.2022 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL L<span class=\"_ _2\"></span>TD.Sierra Gorda S.C.M<span class=\"_ _2\"></span>.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 22 2072 0153 248 10(3 248)( 51)24 181Srebro 4 341 30 82-( 82)-4 371Z\u0142oto  649 313 269-( 269)- 962Us\u0142ugi  174 595-2 307-(1 745)1 331Energia  35-- 358-( 212) 181S\u00f3l  36---- 23 59\u015arodki strza\u0142owe <span class=\"_ _2\"></span> i materia\u0142y wybu<span class=\"_ _2\"></span>chowe --- 300-( 151) 149Maszyny g\u00f3rnicze<span class=\"_ _2\"></span>, \u015brodki transpor<span class=\"_ _2\"></span>tu i inne t<span class=\"_ _2\"></span>ypy maszyn i urz\u0105dze\u0144 --- 315-( 271) 44Dodatki do paliw --- 159-- 159O\u0142\u00f3w  295----- 295Wyroby z innych met<span class=\"_ _2\"></span>ali nie\u017cel<span class=\"_ _2\"></span>aznych --- 179-( 4) 175Stal --- 623-( 142) 481Ropa naftowa i jej p<span class=\"_ _2\"></span>ochodne --- 528-( 431) 97Pozosta\u0142e towary i m<span class=\"_ _2\"></span>ateria\u0142y  367--7 313-(7 224) 456Pozosta\u0142e produkt<span class=\"_ _2\"></span>y  325 264 375 797( 375)( 480) 906RAZEM 28 4293 2173 97412 889(3 974)(10 688)33 847* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M.<span class=\"_ _192\"> </span>od 01.01.2021 do 3<span class=\"_ _2\"></span>1.12.2021 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL L<span class=\"_ _2\"></span>TD.Sierra Gorda S.C.M<span class=\"_ _2\"></span>.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 19 0792 3253 756 8(3 756)( 32)21 380Srebro 3 990 8 95-( 95)-3 998Z\u0142oto  548 243 212-( 212)- 791Us\u0142ugi  143 426-2 089-(1 581)1 077Energia  51-- 250-( 167) 134S\u00f3l  29---- 32 61\u015arodki strza\u0142owe <span class=\"_ _2\"></span> i materia\u0142y wybu<span class=\"_ _2\"></span>chowe --- 219-( 168) 51Maszyny g\u00f3rnicze<span class=\"_ _2\"></span>, \u015brodki transpor<span class=\"_ _2\"></span>tu i inne t<span class=\"_ _2\"></span>ypy maszyn i urz\u0105dze\u0144 --- 212-( 171) 41Dodatki do paliw --- 123-- 123O\u0142\u00f3w  271----- 271Wyroby z innych met<span class=\"_ _2\"></span>ali nie\u017cel<span class=\"_ _2\"></span>aznych --- 114-( 4) 110Stal --- 604-( 66) 538Ropa naftowa i jej p<span class=\"_ _2\"></span>ochodne --- 325-( 275) 50Pozosta\u0142e towary i m<span class=\"_ _2\"></span>ateria\u0142y  278--5 703-(5 518) 463Pozosta\u0142e produkt<span class=\"_ _2\"></span>y  229 123 522 682( 522)( 319) 715RAZEM 24 6183 1254 58510 329(4 585)(8 269)29 803* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M.<span class=\"_ _192\"> </span>Nota 2.4 Przych<span class=\"_ _3\"></span>ody z um\u00f3w z k<span class=\"_ _3\"></span>lientami Grupy <span class=\"_ _3\"></span>Kapita\u0142owej \u2013 podzia\u0142 <span class=\"_ _3\"></span>wed\u0142ug kat<span class=\"_ _3\"></span>egorii od 01.01.2022 do 3<span class=\"_ _2\"></span>1.12.2022 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em 28 4293 2173 97412 889(3 974)(10 688)33 847Przychody z um\u00f3w sp<span class=\"_ _2\"></span>rzeda\u017cy, dla kt\u00f3<span class=\"_ _2\"></span>rych cena je<span class=\"_ _2\"></span>st ustalana po dn<span class=\"_ _2\"></span>iu uj\u0119ci<span class=\"_ _2\"></span>a sprzeda\u017cy w ksi\u0119gach<span class=\"_ _2\"></span> (zasada M+) z tego: 21 7672 5563 9746 259(3 974)(6 038)24 544   rozliczone 21 0451 4592 0686 259(2 068)(6 038)22 725   nierozliczon<span class=\"_ _2\"></span>e  7221 0971 906-(1 906)-1 819Przychody z tytu\u0142u r<span class=\"_ _2\"></span>ealizacji kontra<span class=\"_ _2\"></span>kt\u00f3w d\u0142ugoterm<span class=\"_ _2\"></span>inowych dotycz\u0105cych b<span class=\"_ _2\"></span>udowy kopal\u0144<span class=\"_ _2\"></span> - 555- 165-( 146) 574Przychody z pozost<span class=\"_ _2\"></span>a\u0142ych um\u00f3w spr<span class=\"_ _2\"></span>zeda\u017cy 6 662 106-6 465 -(4 504)8 729Przychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em, z tego: 28 4293 2173 97412 889(3 974)(10 688)33 847   obj\u0119te faktor<span class=\"_ _2\"></span>ingiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 8 677-- 390-( 304)8 763   nieobj\u0119t<span class=\"_ _2\"></span>e faktoringiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 19 7523 2173 97412 499(3 974)(10 384)25 084* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2022  do 31.12.2022<span class=\"_ _2\"></span> od 01.01.2021  do 31.12.2021<span class=\"_ _2\"></span> Przychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em, z tego: 33 84729 803   przekazywane w o<span class=\"_ _2\"></span>kre\u015blonym mome<span class=\"_ _2\"></span>ncie 32 22928 592   przekazywane w miar<span class=\"_ _2\"></span>\u0119 up\u0142ywu czas<span class=\"_ _2\"></span>u 1 6181 211od 01.01.2021 do 3<span class=\"_ _2\"></span>1.12.2021 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em 24 6183 1254 58510 329(4 585)(8 269)29 803Przychody z um\u00f3w sp<span class=\"_ _2\"></span>rzeda\u017cy, dla kt\u00f3<span class=\"_ _2\"></span>rych cena je<span class=\"_ _2\"></span>st ustalana po dn<span class=\"_ _2\"></span>iu uj\u0119ci<span class=\"_ _2\"></span>a sprzeda\u017cy w ksi\u0119gach<span class=\"_ _2\"></span> (zasada M+) z tego: 19 8382 6904 3694 751(4 369)(4 648)22 631   rozliczone 18 9522 6211 8744 751(1 874)(4 648)21 676   nierozliczon<span class=\"_ _2\"></span>e  886 692 495-(2 495)- 955Przychody z tytu\u0142u r<span class=\"_ _2\"></span>ealizacji kontra<span class=\"_ _2\"></span>kt\u00f3w d\u0142ugoterm<span class=\"_ _2\"></span>inowych dotycz\u0105cych b<span class=\"_ _2\"></span>udowy kopal\u0144<span class=\"_ _2\"></span> - 403- 220-( 211) 412Przychody z pozost<span class=\"_ _2\"></span>a\u0142ych um\u00f3w spr<span class=\"_ _2\"></span>zeda\u017cy 4 780 32 2165 358( 216)(3 410)6 760Przychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em, z tego: 24 6183 1254 58510 329(4 585)(8 269)29 803   obj\u0119te faktor<span class=\"_ _2\"></span>ingiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 8 575-- 106-( 46)8 635   nieobj\u0119t<span class=\"_ _2\"></span>e faktoringiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 16 0433 1254 58510 223(4 585)(8 223)21 168* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. Nota 2.5 Przych<span class=\"_ _3\"></span>ody z um\u00f3w z k<span class=\"_ _3\"></span>lientami Grupy <span class=\"_ _3\"></span>Kapita\u0142owej \u2013 podzia\u0142 <span class=\"_ _3\"></span>geograficzny <span class=\"_ _3\"></span>wed\u0142ug lokalizacj<span class=\"_ _3\"></span>i finalnych odbi<span class=\"_ _3\"></span>orc\u00f3w od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021       Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych Grupa Kapita\u0142owa KGHM Polska Mied\u017a S.A. KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Pozosta\u0142e segmenty Eliminacja danych segmentu Sierra Gorda S.C.M. Korekty<span class=\"_ _192\"> </span>konsolidacyjne Dane<span class=\"_ _192\"> </span>skonsolidowane Polska 7 158 <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 17 <span class=\"_ _a1\"> </span>12 474 <span class=\"_ _99\"> </span>( 17) <span class=\"_ _c7\"> </span>(10 646) <span class=\"_ _90\"> </span>8 986 7 608 Niemcy 5 502 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 101 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>5 603<span class=\"_ _3\"></span> 3 787 Chiny 2 147 <span class=\"_ _90\"> </span>1 595 <span class=\"_ _90\"> </span>1 701 <span class=\"_ _c8\"> </span>- <span class=\"_ _c9\"> </span>(1 701) <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>3 742 4 158 W\u0142ochy 2 319 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 29 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>2 348 2 022 Czechy 2 250 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 19 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>2 269 1 828 Wielka Brytania 1 676 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 6 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>1 682 1 290 W\u0119gry 1 408 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 11 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>1 419 1 129 Stany Zjednoczone Ameryki  997 <span class=\"_ _99\"> </span> 198 <span class=\"_ _b5\"> </span> 7 <span class=\"_ _98\"> </span> 16 <span class=\"_ _98\"> </span>( 7) <span class=\"_ _98\"> </span>( 1) <span class=\"_ _90\"> </span>1 210 2 261 Francja  896 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 5 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 901  794 Kanada  50 <span class=\"_ _99\"> </span> 855 <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span>( 40) <span class=\"_ _99\"> </span> 865  527 Szwajcaria  790 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 7 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 797  590 Australia  787 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _99\"> </span> 787 1 020 Austria  542 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 28 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 570  457 Tajlandia  437 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 5 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 442  463 Chile  7 <span class=\"_ _99\"> </span> 304 <span class=\"_ _90\"> </span>1 231 <span class=\"_ _b5\"> </span> 1 <span class=\"_ _c9\"> </span>(1 231) <span class=\"_ _98\"> </span>( 1) <span class=\"_ _99\"> </span> 311  201 Turcja  282 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 15 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 297  130 Wietnam  231 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _99\"> </span> 231  336 S\u0142owacja  178 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 19 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 197  140 Filipiny - <span class=\"_ _99\"> </span> 173 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 173  91 Rumunia  138 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 4 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 142  258 S\u0142owenia  130 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 2 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 132  150 Meksyk - <span class=\"_ _98\"> </span> 92 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 92 - Malezja  72 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b4\"> </span> 72  47 Tajwan  69 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b4\"> </span> 69 - Korea Po\u0142udniowa  68 <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 5<span class=\"_ _2\"></span>4 <span class=\"_ _c8\"> </span>- <span class=\"_ _99\"> </span>( 54) <span class=\"_ _c8\"> </span>- <span class=\"_ _b4\"> </span> 68  58 Belgia  51 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 16 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 67  29 Japonia  64 <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 786 <span class=\"_ _c8\"> </span>- <span class=\"_ _90\"> </span>( 786) <span class=\"_ _c8\"> </span>- <span class=\"_ _b4\"> </span> 64  139 Bu\u0142garia  29 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 18 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 47  41 Szwecja - <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 31 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 31  56 Dania  27 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 1 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 28  44 Bo\u015bnia i Hercegowina  23 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 2 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 25 - Litwa  3 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 1<span class=\"_ _2\"></span>9 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 22  12 Estonia  14 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 3 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 17  20 Norwegia - <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 16 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 16  15 Holandia  7 <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 127 <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>( 127)<span class=\"_ _3\"></span> <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 7  4 Rosja - <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 6 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 6  26 Indie - <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 1<span class=\"_ _2\"></span>0 <span class=\"_ _c8\"> </span>- <span class=\"_ _99\"> </span>( 10) <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- - Brazylia - <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 3<span class=\"_ _2\"></span>8 <span class=\"_ _c8\"> </span>- <span class=\"_ _99\"> </span>( 38) <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>-  8 Pozosta\u0142e kraje  77 <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 3 <span class=\"_ _98\"> </span> 35 <span class=\"_ _98\"> </span>( 3) <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 112  64 RAZEM 28 429 <span class=\"_ _90\"> </span>3 217 <span class=\"_ _90\"> </span>3 974 <span class=\"_ _c9\"> </span>12 889 <span class=\"_ _cb\"> </span>(3 974) <span class=\"_ _1a\"> </span>(10 688) <span class=\"_ _c9\"> </span>3<span class=\"_ _2\"></span>3 847 29 803    * 55% udzia\u0142u<span class=\"_ _2\"></span> Grupy Kapita\u0142<span class=\"_ _2\"></span>owej w przychoda<span class=\"_ _2\"></span>ch Sierra Gorda S.C.M<span class=\"_ _2\"></span>.Nota 2.6 G\u0142\u00f3wni kli<span class=\"_ _3\"></span>enci  W o<span class=\"_ _2\"></span>kresie od <span class=\"_ _2\"></span>1 st<span class=\"_ _2\"></span>ycznia 2022 r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>31 grudnia <span class=\"_ _2\"></span>2022 r. <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>w okr<span class=\"_ _2\"></span>esie po<span class=\"_ _2\"></span>r\u00f3wnywaln<span class=\"_ _3\"></span>ym <span class=\"_ _2\"></span>z \u017cadnym <span class=\"_ _2\"></span>odbiorc\u0105 nie<span class=\"_ _2\"></span> zrealizowano przychod\u00f3w przekracza<span class=\"_ _3\"></span>j\u0105cych 10% pr<span class=\"_ _3\"></span>zychod\u00f3w ze sprzeda\u017cy Gru<span class=\"_ _3\"></span>py Kapita\u0142owej. Nota 2.7 Aktywa tr<span class=\"_ _3\"></span>wa\u0142e \u2013 podzi<span class=\"_ _3\"></span>a\u0142 geograficzny Stan na 31.12.2022 Stan na 31.12.2021 Polska 25 008<span class=\"_ _192\"> </span>23 545<span class=\"_ _192\"> </span>Kanada 1 919<span class=\"_ _192\"> </span>1 577<span class=\"_ _192\"> </span>Stany Zjednoczone A<span class=\"_ _3\"></span>meryki 1 841<span class=\"_ _192\"> </span>1 765<span class=\"_ _192\"> </span>Chile  204 229<span class=\"_ _192\"> </span>Inne kraje - 94<span class=\"_ _192\"> </span>RAZEM* 28 972<span class=\"_ _192\"> </span>27 210<span class=\"_ _192\"> </span>*<span class=\"ff3\">aktywa <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>rwa\u0142e <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>wy\u0142\u0105czeni<span class=\"_ _2\"></span>em: <span class=\"_ _53\"></span>poch<span class=\"_ _2\"></span>odnych <span class=\"_ _53\"></span>inst<span class=\"_ _2\"></span>rument\u00f3w <span class=\"_ _0\"></span>finansowych, <span class=\"_ _53\"></span>i<span class=\"_ _2\"></span>nnych <span class=\"_ _53\"></span>in<span class=\"_ _2\"></span>strument\u00f3w<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>finanso<span class=\"_ _2\"></span>wych, <span class=\"_ _53\"></span>inn<span class=\"_ _2\"></span>ych <span class=\"_ _53\"></span>aktyw\u00f3w<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>niefin<span class=\"_ _2\"></span>ansowych <span class=\"_ _0\"></span>oraz </span>aktyw\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>tytu\u0142u <span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>roczonego <span class=\"_ _2\"></span>podatku <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ochodowe<span class=\"_ _2\"></span>go <span class=\"_ _2\"></span>(MSSF <span class=\"_ _2\"></span>8.33b)<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>\u0142\u0105cznej <span class=\"_ _2\"></span>kwoci<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>11 448 <span class=\"_ _2\"></span>ml<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>na<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>zie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudn<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>9 813 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN na dzie<span class=\"_ _2\"></span>\u0144 31 grudnia 2021 r.)<span class=\"_ _2\"></span>.<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 3 - U<span class=\"_ _2\"></span>trata warto\u015bci<span class=\"_ _2\"></span> aktyw\u00f3w   Nota 3.1 Utrata wart<span class=\"_ _3\"></span>o\u015bci aktyw\u00f3w na dzie<span class=\"_ _3\"></span>\u0144 31 grudnia 20<span class=\"_ _3\"></span>22 r. Zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>MSR <span class=\"_ _1\"> </span>36 <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"> </span>r. <span class=\"_ _74\"> </span>Grupa <span class=\"_ _1\"> </span>dokona\u0142a <span class=\"_ _1\"> </span>oceny <span class=\"_ _1\"> </span>istnienia <span class=\"_ _1\"> </span>przes\u0142anek <span class=\"_ _0\"> </span>wskazuj\u0105cych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>mo\u017cliwo\u015b\u0107 utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>jej <span class=\"_ _2\"></span>aktyw\u00f3w. <span class=\"_ _2\"></span>Analiz\u0105<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>zosta\u0142y <span class=\"_ _2\"></span>obj\u0119te <span class=\"_ _2\"></span>kluczowe <span class=\"_ _2\"></span>sk\u0142adniki maj\u0105tku <span class=\"_ _2\"></span>trwa\u0142ego <span class=\"_ _2\"></span>Grupy. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>wyniku <span class=\"_ _2\"></span>przeprowadzonej<span class=\"_ _3\"></span> ewaluacji <span class=\"_ _0\"></span>nie <span class=\"_ _1\"> </span>stwierdz<span class=\"_ _3\"></span>ono <span class=\"_ _0\"> </span>ist<span class=\"_ _2\"></span>nienia<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>przes\u0142anek <span class=\"_ _0\"></span>wskazuj\u0105cych <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>mo\u017cliwo\u015b\u0107 <span class=\"_ _0\"></span>utraty <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>tych <span class=\"_ _1\"> </span>aktyw\u00f3w. <span class=\"_ _0\"></span>Ze <span class=\"_ _1\"> </span>wz<span class=\"_ _3\"></span>gl\u0119du <span class=\"_ _0\"> </span>na utrzymuj\u0105c\u0105  si\u0119  w <span class=\"_ _57\"> </span>znacznej  cz\u0119\u015bci  roku  2022  rynkow\u0105  kapitalizacj\u0119  Jednostki  Dominuj\u0105cej  poni\u017cej  jej <span class=\"_ _57\"> </span>aktyw<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _57\"> </span>netto,<span class=\"_ _3\"></span> g\u0142\u0119bszej analizie p<span class=\"_ _3\"></span>oddano w\u0142a\u015bnie ten obszar<span class=\"_ _3\"></span>.<span class=\"ff1 fc2\"> </span>Ocena ryzyka utr<span class=\"_ _3\"></span>aty warto\u015bci aktyw\u00f3w <span class=\"_ _3\"></span>w kontek\u015bcie kapital<span class=\"_ _3\"></span>izacji gie\u0142dowej K<span class=\"_ _3\"></span>GHM Polska Mied\u017a S.A.<span class=\"_ _3\"></span> W <span class=\"_ _53\"></span>roku <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynkach <span class=\"_ _0\"></span>ak<span class=\"_ _3\"></span>cji <span class=\"_ _53\"></span>mo\u017cna <span class=\"_ _0\"></span>by\u0142o <span class=\"_ _53\"></span>zaobserwowa\u0107 <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g\u00f3lne <span class=\"_ _53\"></span>pogorszenie <span class=\"_ _53\"></span>nastroj\u00f3w <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>wzgl\u0119du <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>istniej\u0105c\u0105 <span class=\"_ _53\"></span>du\u017c\u0105<span class=\"_ _3\"></span> niepewno\u015b\u0107 <span class=\"_ _53\"></span>co<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>rozwoju <span class=\"_ _53\"></span>globalnej <span class=\"_ _0\"></span>sytuacji <span class=\"_ _53\"></span>makroekonomicznej <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>reakcji <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>rozpocz\u0119ty <span class=\"_ _0\"></span>konflikt <span class=\"_ _53\"></span>zbrojny <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>Ukrainie oraz <span class=\"_ _53\"></span>wci\u0105\u017c <span class=\"_ _0\"></span>odczuwaln<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>konsekwencj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>pandemii <span class=\"_ _53\"></span>COVID-19 <span class=\"_ _53\"></span>(koronawirus). <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>rezultacie <span class=\"_ _0\"></span>mocn<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ucierpia<span class=\"_ _3\"></span>\u0142y <span class=\"_ _0\"></span>mi\u0119dzy <span class=\"_ _53\"></span>innymi indeksy <span class=\"_ _53\"></span>g<span class=\"_ _2\"></span>ie\u0142dowe. <span class=\"_ _53\"></span>Kurs <span class=\"_ _0\"></span>akcji <span class=\"_ _0\"></span>KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _53\"></span>S.<span class=\"_ _2\"></span>A. <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>roku <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>spad\u0142 <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>9% <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>stosunku <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>ny <span class=\"_ _0\"></span>akcji <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>ko\u0144ca <span class=\"_ _0\"></span>roku<span class=\"_ _3\"></span> 2021 i na<span class=\"_ _2\"></span> dzie\u0144 <span class=\"_ _2\"></span>31 g<span class=\"_ _2\"></span>rudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>wyni\u00f3s\u0142 126,75 PLN. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>tym <span class=\"_ _2\"></span>samym okresie <span class=\"_ _2\"></span>indeksy WIG <span class=\"_ _2\"></span>i WIG<span class=\"_ _2\"></span> 20 spad\u0142y <span class=\"_ _2\"></span>odpowiednio o <span class=\"_ _1\"> </span>17% <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>21%. <span class=\"_ _1\"> </span>W <span class=\"_ _1\"> </span>efekcie <span class=\"_ _1\"> </span>kapitalizacja <span class=\"_ _1\"> </span>gie\u0142dowa <span class=\"_ _74\"> </span>Jednostki <span class=\"_ _1\"> </span>Dominuj\u0105cej <span class=\"_ _1\"> </span>spad\u0142a <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>27 <span class=\"_ _1\"> </span>880 <span class=\"_ _1\"> </span>mln <span class=\"_ _74\"> </span>PLN <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>25 <span class=\"_ _74\"> </span>350 <span class=\"_ _1\"> </span>mln <span class=\"_ _74\"> </span>PLN, co oznacza <span class=\"_ _0\"></span>\u017ce <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>dzie\u0144 <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _1\"> </span>utrzymywa\u0142a <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>poziomie <span class=\"_ _0\"></span>15% <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>ni\u017cej <span class=\"_ _0\"></span>poziomu <span class=\"_ _0\"></span>aktyw\u00f3w <span class=\"_ _0\"></span>netto <span class=\"_ _0\"> </span>S<span class=\"_ _2\"></span>p\u00f3\u0142ki. Na dzie\u0144 <span class=\"_ _2\"></span>15 <span class=\"_ _53\"></span>marca <span class=\"_ _53\"></span>2023 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>kurs <span class=\"_ _53\"></span>akcji <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostki <span class=\"_ _2\"></span>Dominuj\u0105cej <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>ni\u00f3s\u0142 <span class=\"_ _2\"></span>113,30 <span class=\"_ _2\"></span>PLN, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tym <span class=\"_ _53\"></span>kapitalizacja <span class=\"_ _53\"></span>gie\u0142dowa<span class=\"_ _3\"></span> wynios\u0142a 22 660<span class=\"_ _3\"></span> mln PLN i utrzym<span class=\"_ _3\"></span>ywa\u0142a si\u0119 poni\u017cej poziomu <span class=\"_ _3\"></span>aktyw\u00f3w nett<span class=\"_ _3\"></span>o Jednostki Dominuj\u0105<span class=\"_ _3\"></span>cej o 24%. W <span class=\"_ _57\"> </span>zwi\u0105zku <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>utrzymywaniem <span class=\"_ _57\"> </span>si\u0119 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>znacznej <span class=\"_ _57\"> </span>cz\u0119\u015bci <span class=\"_ _57\"> </span>okresu <span class=\"_ _57\"> </span>sprawozdawczym <span class=\"_ _57\"> </span>kapitalizacji  gie\u0142dowej <span class=\"_ _57\"> </span>Sp\u00f3\u0142ki <span class=\"_ _57\"> </span>poni\u017cej warto\u015bci bilansowej aktyw\u00f3w netto, <span class=\"_ _2\"></span>zgodnie z MSR <span class=\"_ _2\"></span>36 Utrata warto\u015bci <span class=\"_ _2\"></span>aktyw\u00f3w, Zarz\u0105d KGHM Polska Mied\u017a <span class=\"_ _2\"></span>S.A. dokona\u0142 analizy,  czy <span class=\"_ _3\"></span>kt\u00f3rykolwiek obszar dz<span class=\"_ _3\"></span>ia\u0142alno\u015bci KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. m\u00f3g\u0142by by\u0107 d<span class=\"_ _3\"></span>otkni\u0119ty utrat\u0105 <span class=\"_ _3\"></span>warto\u015bci. Analiza <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>obszarze <span class=\"_ _1\"> </span>krajowych <span class=\"_ _1\"> </span>aktyw<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _1\"> </span>wykaza\u0142a, <span class=\"_ _1\"> </span>i\u017c <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>wszystkie <span class=\"_ _1\"> </span>czynniki, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _1\"> </span>maj\u0105 <span class=\"_ _1\"> </span>wp\u0142yw <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>ziom <span class=\"_ _1\"> </span>kapitalizac<span class=\"_ _3\"></span>ji gie\u0142dowej KGHM P<span class=\"_ _3\"></span>olska Mied\u017a S.A. to czynnik<span class=\"_ _3\"></span>i zwi\u0105zane z p<span class=\"_ _3\"></span>rowadzon\u0105 dzia\u0142aln<span class=\"_ _3\"></span>o\u015bci\u0105 gospodarcz\u0105. Spadki  n<span class=\"_ _3\"></span>otowa\u0144  cen <span class=\"_ _74\"> </span>akcji  na <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>ie\u0142dach <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>tyczy\u0142y <span class=\"_ _74\"> </span>sp\u00f3\u0142ek  z <span class=\"_ _74\"> </span>wi\u0119kszo<span class=\"_ _2\"></span>\u015bci  br<span class=\"_ _3\"></span>an\u017c, <span class=\"_ _74\"> </span>z<span class=\"_ _2\"></span>  r\u00f3\u017cnych <span class=\"_ _74\"> </span>gospodarek  i <span class=\"_ _74\"> </span>odzwierciedla\u0142y niepewno\u015b\u0107 inwestor\u00f3w <span class=\"_ _2\"></span>co <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>przysz\u0142o\u015bci. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>szczeg\u00f3lno\u015bci, konflikt <span class=\"_ _2\"></span>zbrojny w <span class=\"_ _2\"></span>Ukrainie <span class=\"_ _2\"></span>spowodowa\u0142 <span class=\"_ _2\"></span>odp\u0142yw inwestor\u00f3w zagranicznych <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>obszar\u00f3w <span class=\"_ _53\"></span>granicz\u0105cych <span class=\"_ _2\"></span>ze <span class=\"_ _53\"></span>stref\u0105 <span class=\"_ _53\"></span>wojny, <span class=\"_ _2\"></span>co <span class=\"_ _53\"></span>wida\u0107 <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>tylko <span class=\"_ _53\"></span>po <span class=\"_ _53\"></span>sytuacji <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>gie\u0142dzie <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>Warszawie, <span class=\"_ _2\"></span>ale <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>na gie\u0142dach z regionu Cz<span class=\"_ _3\"></span>ech, S\u0142owacji, <span class=\"_ _3\"></span>czy W\u0119gier oraz istotnie wp<span class=\"_ _3\"></span>\u0142yn\u0105\u0142 na os\u0142abienie si<span class=\"_ _3\"></span>\u0119 PLN w stosunku <span class=\"_ _3\"></span>do USD. Z <span class=\"_ _0\"></span>punktu <span class=\"_ _53\"></span>widzenia <span class=\"_ _0\"></span>dzia\u0142alno\u015bci <span class=\"_ _53\"></span>Sp\u00f3\u0142ki, <span class=\"_ _0\"></span>kluczowym <span class=\"_ _0\"></span>czynniki<span class=\"_ _3\"></span>em <span class=\"_ _0\"></span>wp\u0142ywaj\u0105cym <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>poziom <span class=\"_ _53\"></span>kapitalizacji <span class=\"_ _0\"></span>gie\u0142dowej <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>na miedzi. <span class=\"_ _0\"></span>W <span class=\"_ _0\"></span>grudniu <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>\u015brednia <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>na <span class=\"_ _0\"></span>miedzi <span class=\"_ _0\"></span>wynosi<span class=\"_ _3\"></span>\u0142a <span class=\"_ _0\"></span>9 <span class=\"_ _0\"></span>550 <span class=\"_ _0\"></span>USD/t, <span class=\"_ _0\"></span>kt\u00f3ra <span class=\"_ _0\"></span>po <span class=\"_ _0\"> </span>pocz\u0105tkowej <span class=\"_ _0\"></span>kontynuacji <span class=\"_ _0\"></span>wzr<span class=\"_ _3\"></span>ostowego trendu <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>pierwszych <span class=\"_ _0\"></span>miesi\u0105ca<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"> </span>zanotowa\u0142a <span class=\"_ _0\"> </span>istotny <span class=\"_ _0\"></span>spadek. <span class=\"_ _0\"></span>Minimum <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _0\"></span>osi\u0105gni\u0119te <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>lipcu <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"></span>gdy \u015brednia  cena <span class=\"_ _74\"> </span>miedzi  kszta\u0142towa<span class=\"_ _3\"></span>\u0142a  si\u0119  na <span class=\"_ _74\"> </span>poziomie  7 530 <span class=\"_ _74\"> </span>USD/t.  Jednak  z <span class=\"_ _74\"> </span>czasem,  w  miar<span class=\"_ _3\"></span>\u0119  nap\u0142ywu  u<span class=\"_ _3\"></span>spokajaj\u0105cyc<span class=\"_ _3\"></span>h informacji <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>odniesieniu <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>popytu <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>surowiec, <span class=\"_ _0\"></span>notowania <span class=\"_ _0\"></span>powr\u00f3ci\u0142y <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>trendu <span class=\"_ _0\"></span>z <span class=\"_ _0\"> </span>pocz\u0105tku <span class=\"_ _0\"></span>roku <span class=\"_ _0\"> </span>i w grudniu <span class=\"_ _0\"> </span>2022 <span class=\"_ _1\"> </span>r. \u015brednia <span class=\"_ _2\"></span>cena <span class=\"_ _53\"></span>miedzi <span class=\"_ _2\"></span>wynosi\u0142a <span class=\"_ _53\"></span>8 <span class=\"_ _2\"></span>367 <span class=\"_ _53\"></span>USD/t. <span class=\"_ _53\"></span>Kursy <span class=\"_ _2\"></span>gie\u0142dowe <span class=\"_ _2\"></span>sp\u00f3\u0142ek <span class=\"_ _2\"></span>zajmuj\u0105cych <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _53\"></span>wydobyc<span class=\"_ _3\"></span>iem <span class=\"_ _53\"></span>i przetw\u00f3rstw<span class=\"_ _3\"></span>em <span class=\"_ _53\"></span>miedzi s\u0105 silnie skorelowan<span class=\"_ _3\"></span>e z cen\u0105 tego meta<span class=\"_ _3\"></span>lu. Nale\u017cy <span class=\"_ _2\"></span>zwr\u00f3ci\u0107 <span class=\"_ _2\"></span>uwag\u0119, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>przypadku <span class=\"_ _2\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>polskich <span class=\"_ _2\"></span>istotne <span class=\"_ _2\"></span>znaczenie <span class=\"_ _2\"></span>ma <span class=\"_ _53\"></span>cena <span class=\"_ _2\"></span>metali <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>PLN, <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>kt\u00f3r\u0105 <span class=\"_ _53\"></span>ma <span class=\"_ _2\"></span>r\u00f3wnie\u017c wp\u0142yw <span class=\"_ _2\"></span>kurs USD/PLN. <span class=\"_ _2\"></span>Wahania cen <span class=\"_ _2\"></span>miedzi zwi\u0105zane <span class=\"_ _2\"></span>z zawirowaniami na <span class=\"_ _2\"></span>rynkach finansowy<span class=\"_ _2\"></span>ch, spowodowane cz\u0119sto nie tyle <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>sferze <span class=\"_ _1\"> </span>makroekonomii <span class=\"_ _1\"> </span>ale <span class=\"_ _74\"> </span>szeroko <span class=\"_ _74\"> </span>rozumianej <span class=\"_ _1\"> </span>geopolity<span class=\"_ _3\"></span>ki, <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>zwykle <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>du\u017cym <span class=\"_ _74\"> </span>stopniu <span class=\"_ _1\"> </span>niwelowane <span class=\"_ _1\"> </span>zmianami kursu USD/PLN, <span class=\"_ _3\"></span>kt\u00f3ry dodatkowo pozosta<span class=\"_ _3\"></span>je pod wp\u0142ywem konf<span class=\"_ _3\"></span>liktu zbrojnego w <span class=\"_ _3\"></span>Ukrainie. Pomimo  w<span class=\"_ _3\"></span>yst\u0119puj\u0105cej <span class=\"_ _58\"> </span>niepewn<span class=\"_ _3\"></span>o\u015bci  w <span class=\"_ _74\"> </span>otoczeniu <span class=\"_ _74\"> </span>go<span class=\"_ _2\"></span>spodarcz<span class=\"_ _3\"></span>ym, <span class=\"_ _74\"> </span>KGHM  Polska <span class=\"_ _74\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _74\"> </span>S.A.  utr<span class=\"_ _3\"></span>zymuje  pe\u0142n<span class=\"_ _3\"></span>e  zdolno\u015b<span class=\"_ _3\"></span>ci operacyjne  i <span class=\"_ _74\"> </span>ko<span class=\"_ _2\"></span>nsekwentnie  r<span class=\"_ _3\"></span>ealizuje  zak\u0142adane  z<span class=\"_ _3\"></span>adania  produk<span class=\"_ _3\"></span>cyjne  i  sprzeda\u017cowe. <span class=\"_ _74\"> </span>Osi\u0105gane  przez  Sp\u00f3\u0142k\u0119  wyniki<span class=\"_ _3\"></span> finansowe istotnie przekraczaj\u0105 za\u0142o\u017cenia bud\u017cetowe,<span class=\"_ _192\"> </span>co jest r\u00f3wnie\u017c efektem prowadzonych inicjatyw optymalizuj\u0105cych oraz dyscypliny k<span class=\"_ _3\"></span>osztowej zastosowane<span class=\"_ _3\"></span>j w odpowiedzi na <span class=\"_ _3\"></span>warunki makroekonomi<span class=\"_ _3\"></span>czne. W  wyniku <span class=\"_ _74\"> </span>przeprowadzonej <span class=\"_ _74\"> </span>oceny  stw<span class=\"_ _3\"></span>ierdzono <span class=\"_ _74\"> </span>brak  zwi\u0105zku <span class=\"_ _74\"> </span>spadku  kursu <span class=\"_ _74\"> </span>akcji  KGHM <span class=\"_ _74\"> </span>Polska <span class=\"_ _74\"> </span>M<span class=\"_ _2\"></span>ied\u017a  S.A. <span class=\"_ _74\"> </span>zar\u00f3wno z  krajow\u0105  jak  i  zagraniczn\u0105  dzia<span class=\"_ _3\"></span>\u0142alno\u015bci\u0105  KGHM  Polska  Mied\u017a  S.A.  Sp<span class=\"_ _3\"></span>\u00f3\u0142ka  realizuje  zak\u0142adane  zadania  produkc<span class=\"_ _3\"></span>yjne<span class=\"_ _192\"> </span>i <span class=\"_ _59\"> </span>sprzeda\u017cowe <span class=\"_ _59\"> </span>zar\u00f3wno <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>terenie <span class=\"_ _59\"> </span>Polski <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>za <span class=\"_ _59\"> </span>granic\u0105. <span class=\"_ _59\"> </span>W <span class=\"_ _59\"> </span>konsekwencji <span class=\"_ _59\"> </span>nie <span class=\"_ _59\"> </span>stwierdz<span class=\"_ _3\"></span>ono <span class=\"_ _59\"> </span>wyst\u0105pienia <span class=\"_ _59\"> </span>przes\u0142anek<span class=\"_ _3\"></span> wskazuj\u0105cych  na  ryzyko <span class=\"_ _57\"> </span>utraty  warto\u015bci  krajowych  i <span class=\"_ _57\"> </span>zagranic<span class=\"_ _3\"></span>znych  aktyw\u00f3w <span class=\"_ _57\"> </span>produkcyjn<span class=\"_ _3\"></span>ych,  w  zwi\u0105zku <span class=\"_ _57\"> </span>z  czym  nie<span class=\"_ _2\"></span> przeprowadzon<span class=\"_ _3\"></span>o test\u00f3w na utrat\u0119 war<span class=\"_ _3\"></span>to\u015bci dla tych aktyw\u00f3w na<span class=\"_ _3\"></span> dzie\u0144 31 <span class=\"_ _3\"></span>grudnia 2022 r<span class=\"_ _3\"></span>.  Ze <span class=\"_ _0\"></span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>niepewn<span class=\"_ _3\"></span>o\u015b\u0107 <span class=\"_ _0\"> </span>i <span class=\"_ _1\"> </span>du\u017c\u0105 <span class=\"_ _0\"></span>zmienno\u015b\u0107 <span class=\"_ _0\"></span>podstawowych <span class=\"_ _0\"></span>parametr\u00f3w <span class=\"_ _0\"></span>ekonomiczny<span class=\"_ _3\"></span>ch, <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>tym <span class=\"_ _0\"></span>cen <span class=\"_ _0\"></span>metali <span class=\"_ _1\"> </span>i <span class=\"_ _0\"></span>kurs\u00f3w<span class=\"_ _3\"></span> walut <span class=\"_ _1\"> </span>oraz <span class=\"_ _74\"> </span>dynamicznie <span class=\"_ _1\"> </span>zmieniaj\u0105c\u0105 <span class=\"_ _1\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>syt<span class=\"_ _2\"></span>uacj\u0119 <span class=\"_ _1\"> </span>pandemiczn\u0105 <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>\u015bwiecie<span class=\"_ _2\"></span>, <span class=\"_ _1\"> </span>oraz <span class=\"_ _74\"> </span>jej <span class=\"_ _74\"> </span>wp\u0142ywu <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>sytuacj\u0119 <span class=\"_ _74\"> </span>gospodarcz\u0105,<span class=\"_ _3\"></span> Sp\u00f3\u0142ka na bie\u017c\u0105c<span class=\"_ _3\"></span>o monitoruje globaln\u0105 sy<span class=\"_ _3\"></span>tuacj\u0119.<span class=\"_ _192\"> </span>TEST NA UTRAT\u0118 WAR<span class=\"_ _3\"></span>TO\u015aCI AKTYW\u00d3<span class=\"_ _3\"></span>W TRWA\u0141YCH SP\u00d3\u0141<span class=\"_ _3\"></span>EK UZDROWISKO<span class=\"_ _3\"></span>WYCH \u2013 Segment \u2013 Poz<span class=\"_ _3\"></span>osta\u0142e segmenty Na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>30 <span class=\"_ _0\"></span>czerwca <span class=\"_ _0\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _0\"></span>zidentyfikowan<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _0\"></span>nowe <span class=\"_ _0\"></span>obszary <span class=\"_ _0\"> </span>ryzyka <span class=\"_ _1\"> </span>dla <span class=\"_ _0\"></span>realizowania <span class=\"_ _0\"> </span>prog<span class=\"_ _2\"></span>nozowanych <span class=\"_ _0\"></span>wynik<span class=\"_ _3\"></span>\u00f3w finansowych sp\u00f3\u0142ek Grupy Kapita\u0142owej \u015bwiadcz\u0105cych us<span class=\"_ _3\"></span>\u0142ugi <span class=\"_ _2\"></span>uzdrowisk<span class=\"_ _3\"></span>owe (OWSP): Uzdrowiska K\u0142odzkie S.A. - <span class=\"_ _2\"></span>Grupa PGU, Uzdrowisko <span class=\"_ _0\"> </span>Po\u0142czyn <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>PGU <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>A., <span class=\"_ _0\"></span>Uzdrowisko <span class=\"_ _1\"> </span>Cieplice <span class=\"_ _1\"> </span>Sp. <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>.o. <span class=\"_ _1\"> </span>- <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>PGU, <span class=\"_ _0\"></span>Uzdrowisko <span class=\"_ _1\"> </span>\u015awierad\u00f3w <span class=\"_ _0\"></span>- <span class=\"_ _1\"> </span>Czerniawa Sp. z o.o. \u2013 Grupa PGU. Obok <span class=\"_ _2\"></span>wzrostu cen energii elektrycznej,<span class=\"_ _3\"></span> no\u015bnik\u00f3w e<span class=\"_ _2\"></span>nerget<span class=\"_ _3\"></span>ycznych, \u017cywno\u015bci oraz innych czynnik\u00f3w kosztowych, <span class=\"_ _0\"></span>wynikaj\u0105c<span class=\"_ _3\"></span>ego <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>presji <span class=\"_ _0\"></span>inflacyjnej, <span class=\"_ _0\"></span>pojawia <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>r\u00f3wnie\u017c <span class=\"_ _53\"></span>ryzyko<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>braku <span class=\"_ _0\"></span>efektywnej <span class=\"_ _53\"></span>mo\u017cliwo\u015bci <span class=\"_ _0\"></span>prze\u0142o\u017cenia <span class=\"_ _0\"></span>tych wzrost\u00f3w na ceny <span class=\"_ _3\"></span>dla odbiorc\u00f3w k<span class=\"_ _3\"></span>o\u0144cowych oraz/lub wp\u0142yw t<span class=\"_ _3\"></span>ych wzrost\u00f3w na pop<span class=\"_ _3\"></span>yt na oferowan<span class=\"_ _3\"></span>e us\u0142ugi.  Na  potrzeby  oszacowania  war<span class=\"_ _3\"></span>to\u015bci  odzyskiwalne<span class=\"_ _3\"></span>j,  w  przeprowadzonym  te\u015bcie  dok<span class=\"_ _3\"></span>onano  wyceny  warto\u015bci  u\u017cytkow<span class=\"_ _3\"></span>ej o\u015brodk\u00f3w <span class=\"_ _0\"></span>wyprac<span class=\"_ _3\"></span>owuj\u0105cych <span class=\"_ _0\"></span>\u015brodki <span class=\"_ _53\"></span>pieni\u0119\u017cne <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>bejmuj\u0105cych <span class=\"_ _53\"></span>rzeczowe <span class=\"_ _53\"></span>akty<span class=\"_ _2\"></span>wa <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>rwa\u0142e <span class=\"_ _53\"></span>oraz <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>nie<span class=\"_ _2\"></span>materialn<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ka\u017cdej<span class=\"_ _3\"></span> z ww. <span class=\"_ _5d\"> </span>sp\u00f3\u0142ek <span class=\"_ _5d\"> </span>uzdr<span class=\"_ _3\"></span>owiskowych,<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>wykorzystuj\u0105c <span class=\"_ _5d\"> </span>podej\u015bci<span class=\"_ _3\"></span>e <span class=\"_ _5d\"> </span>dochodowe <span class=\"_ _69\"> </span>tj<span class=\"_ _2\"></span>. <span class=\"_ _5d\"> </span>metod<span class=\"_ _3\"></span>\u0119 <span class=\"_ _5d\"> </span>zdyskontowanych <span class=\"_ _69\"> </span>przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Warto\u015b\u0107 <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>dzyskiwalna <span class=\"_ _74\"> </span>OWSP <span class=\"_ _74\"> </span>oszacowana  jak <span class=\"_ _74\"> </span>powy\u017cej, <span class=\"_ _58\"> </span>znalaz\u0142a <span class=\"_ _74\"> </span>pot<span class=\"_ _2\"></span>wierdzenie <span class=\"_ _74\"> </span>w  wart<span class=\"_ _3\"></span>o\u015bci  godziwej <span class=\"_ _74\"> </span>stanowi\u0105cej  c<span class=\"_ _3\"></span>en\u0119 transakcyjn\u0105 <span class=\"_ _53\"></span>zbycia <span class=\"_ _2\"></span>testowanych <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _53\"></span>pomi\u0119dzy <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>dmiotam<span class=\"_ _3\"></span>i <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _53\"></span>realizowane<span class=\"_ _3\"></span>go <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>Grupie projektu reorganizacji (<span class=\"_ _2\"></span>szczeg\u00f3<span class=\"_ _3\"></span>\u0142y do<span class=\"_ _2\"></span>tycz\u0105ce zmiany <span class=\"_ _2\"></span>w strukturze organizacyjnej Grupy <span class=\"_ _2\"></span>opisano w N<span class=\"_ _2\"></span>ocie 12.11 <span class=\"_ _2\"></span>Sk\u0142ad Grupy Kapita\u0142owej).  Podstawowe za\u0142o<span class=\"_ _3\"></span>\u017cenia przyj\u0119te w <span class=\"_ _3\"></span>testach na utrat\u0119 wart<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span>Za\u0142o\u017cenie<span class=\"ff2 fc0\"> </span>Uzdrowiska K\u0142odzkie S.A. - Grupa PGU Uzdrowisko Po\u0142czyn Grupa PGU S.A Uzdrowisko Ciepl<span class=\"_ _3\"></span>ice Sp. z o.o. - Grupa PGU Uzdrowisko \u015awierad\u00f3w - Czerniawa  Sp. z o.o. \u2013 Grup<span class=\"_ _3\"></span>a PGU Okres szcze<span class=\"_ _3\"></span>g\u00f3\u0142owej prognozy *<span class=\"_ _3\"></span> 2 po\u0142. 2022 r.- <span class=\"_ _2\"></span> 1 po\u0142. 2028 r. 2 po\u0142. 2022 r.- <span class=\"_ _2\"></span> 1 po\u0142. 2028 r. 2 po\u0142. 2022 r.- <span class=\"_ _2\"></span> 1 po\u0142. 2028 r. 2 po\u0142. 2022 r.- <span class=\"_ _2\"></span> 1 po\u0142. 2028 r. \u015arednia mar<span class=\"_ _3\"></span>\u017ca EBITDA  w okresie s<span class=\"_ _3\"></span>zczeg\u00f3\u0142owej prognozy  12% <span class=\"_ _7b\"> </span>13%<span class=\"fcb\"> <span class=\"_ _94\"> </span></span>12% <span class=\"_ _cc\"> </span>13% Mar\u017ca EBITD<span class=\"_ _3\"></span>A w okresie rezydualnym<span class=\"_ _3\"></span> 15% <span class=\"_ _7b\"> </span>14%<span class=\"fcb\"> <span class=\"_ _94\"> </span></span>14% <span class=\"_ _cc\"> </span>16% Poziom nak\u0142<span class=\"_ _3\"></span>ad\u00f3w inwestycyjn<span class=\"_ _3\"></span>ych w okresie szczeg\u00f3\u0142owej <span class=\"_ _3\"></span>prognozy  58 mln PLN <span class=\"_ _cd\"> </span>12 mln PLN<span class=\"fcb\"> <span class=\"_ _ce\"> </span></span>12 mln PLN <span class=\"_ _99\"> </span>9 mln PLN<span class=\"fcb\"> </span>\u015arednia nom<span class=\"_ _3\"></span>inalna stopa dyskontowa w o<span class=\"_ _3\"></span>kresie szczeg\u00f3\u0142owej <span class=\"_ _3\"></span>prognozy**<span class=\"_ _3\"></span> 11,4% <span class=\"_ _cf\"> </span>11,3% <span class=\"_ _a9\"> </span>11,<span class=\"_ _3\"></span>4% <span class=\"_ _ad\"> </span>11,5% Stopa dysko<span class=\"_ _3\"></span>ntowa nominalna w <span class=\"_ _3\"></span>okresie rezydualnym<span class=\"_ _3\"></span>** 11,4% <span class=\"_ _cf\"> </span>11,7% <span class=\"_ _a9\"> </span>11,<span class=\"_ _3\"></span>5% <span class=\"_ _ad\"> </span>11,8% Stopa nomina<span class=\"_ _3\"></span>lna wzrostu po o<span class=\"_ _3\"></span>kresie szczeg\u00f3\u0142owej <span class=\"_ _3\"></span>prognozy 2,0% <span class=\"_ _d0\"> </span>2,0% <span class=\"_ _32\"> </span>2,0% <span class=\"_ _be\"> </span>2,0% * <span class=\"_ _53\"></span>Prz<span class=\"_ _2\"></span>yj\u0119to <span class=\"_ _0\"> </span>6-letni <span class=\"_ _0\"> </span>okres <span class=\"_ _0\"></span>progno<span class=\"_ _2\"></span>zy <span class=\"_ _53\"></span>szczeg\u00f3\u0142<span class=\"_ _2\"></span>owej, <span class=\"_ _0\"> </span>zamiast <span class=\"_ _0\"></span>5-letniego, <span class=\"_ _0\"></span>zgodn<span class=\"_ _2\"></span>ie <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>pode<span class=\"_ _2\"></span>j\u015bciem <span class=\"_ _0\"></span>stosowanym <span class=\"_ _0\"></span>przez <span class=\"_ _0\"> </span>fundusz <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>VII <span class=\"_ _53\"></span>FIZ<span class=\"_ _2\"></span>AN <span class=\"_ _0\"></span>przy <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>ycenie lokat port<span class=\"_ _2\"></span>felowych, w<span class=\"_ _2\"></span> celu zachowania<span class=\"_ _2\"></span> r\u00f3wnie\u017c por\u00f3w<span class=\"_ _2\"></span>nywalno\u015bci w<span class=\"_ _2\"></span> czasie (metodyka st<span class=\"_ _2\"></span>osowan<span class=\"_ _2\"></span>a w poprzedni<span class=\"_ _2\"></span>ch okresach) **Prezent<span class=\"_ _2\"></span>owane <span class=\"_ _2\"></span>da<span class=\"_ _2\"></span>ne <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>po <span class=\"_ _2\"></span>op<span class=\"_ _2\"></span>odatkowaniu<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>pom<span class=\"_ _2\"></span>imo <span class=\"_ _2\"></span>mode<span class=\"_ _2\"></span>lu <span class=\"_ _2\"></span>wyceny<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>warto\u015bci<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>u\u017cytkow<span class=\"_ _2\"></span>ej. <span class=\"_ _2\"></span>Zast<span class=\"_ _2\"></span>osowan<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>danych<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>przed <span class=\"_ _2\"></span>op<span class=\"_ _2\"></span>odatkow<span class=\"_ _2\"></span>aniem <span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>wp\u0142ywa istotni<span class=\"_ _2\"></span>e na warto\u015b\u0107 od<span class=\"_ _2\"></span>zyskiwaln\u0105. Wyniki przeprowadz<span class=\"_ _3\"></span>onych test\u00f3w prz<span class=\"_ _3\"></span>edstawia poni\u017csza tabela:<span class=\"_ _3\"></span> OWSP <span class=\"_ _9\"> </span>Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa Warto\u015b\u0107 odzyskiwalna Odpis <span class=\"_ _3\"></span>z<span class=\"_ _192\"> </span>tytu\u0142u utraty warto\u015bci Uzdrowiska K\u0142odz<span class=\"_ _3\"></span>kie S.A. - Grupa <span class=\"_ _3\"></span>PGU <span class=\"_ _c\"> </span>114<span class=\"_ _192\"> </span>102<span class=\"_ _192\"> </span>12<span class=\"_ _192\"> </span>Uzdrowisko Po\u0142czyn<span class=\"_ _3\"></span> Grupa PGU S.A.<span class=\"_ _3\"></span> <span class=\"_ _d1\"> </span>81<span class=\"_ _192\"> </span>55<span class=\"_ _192\"> </span>26<span class=\"_ _192\"> </span>Uzdrowisko Cieplic<span class=\"_ _3\"></span>e  Sp. z o.o. - Grupa PG<span class=\"_ _3\"></span>U 34<span class=\"_ _192\"> </span>28<span class=\"_ _192\"> </span>6<span class=\"_ _192\"> </span>Uzdrowisko \u015awierad<span class=\"_ _3\"></span>\u00f3w - Czerniawa <span class=\"_ _3\"></span> Sp. z o.o. \u2013 Grupa PG<span class=\"_ _3\"></span>U 38<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>W <span class=\"_ _74\"> </span>wyniku <span class=\"_ _74\"> </span>przeprowadz<span class=\"_ _3\"></span>onych <span class=\"_ _74\"> </span>test\u00f3w <span class=\"_ _74\"> </span>dokonano <span class=\"_ _1\"> </span>odpisu <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>utraty <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>dla <span class=\"_ _58\"> </span>aktyw\u00f3w <span class=\"_ _1\"> </span>trwa\u0142ych <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>\u0142\u0105cznej <span class=\"_ _74\"> </span>kwocie 46 mln PLN \u2013 poprz<span class=\"_ _3\"></span>ez por\u00f3wnanie wa<span class=\"_ _3\"></span>rto\u015bci bilansowej z <span class=\"_ _3\"></span>warto\u015bci\u0105 odzyskiwaln\u0105. <span class=\"_ _3\"></span> Utworzony <span class=\"_ _57\"> </span>odpis  uj\u0119to <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>pozycjach: <span class=\"_ _57\"> </span>\u201eKoszty <span class=\"_ _57\"> </span>sprzedan<span class=\"_ _3\"></span>ych <span class=\"_ _57\"> </span>produkt\u00f3w,  towar\u00f3w <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>materia\u0142\u00f3w\u201d  w <span class=\"_ _57\"> </span>kwo<span class=\"_ _2\"></span>cie <span class=\"_ _57\"> </span>45 <span class=\"_ _57\"> </span>mln <span class=\"_ _57\"> </span>PLN<span class=\"_ _3\"></span> i \u201ePozosta\u0142e kosz<span class=\"_ _3\"></span>ty operacyjne\u201d w <span class=\"_ _3\"></span>kwocie 1 mln PLN. Warto\u015b\u0107 <span class=\"_ _2\"></span>odzyskiwalna <span class=\"_ _2\"></span>poszczeg\u00f3lnych OWSP <span class=\"_ _53\"></span>wykazuje <span class=\"_ _2\"></span>znaczn\u0105 <span class=\"_ _2\"></span>wra\u017cliwo\u015b\u0107 <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>zmian\u0119 <span class=\"_ _53\"></span>przyj\u0119tego <span class=\"_ _2\"></span>poziomu <span class=\"_ _2\"></span>stopy <span class=\"_ _2\"></span>dyskonta, \u015bredniej mar\u017cy <span class=\"_ _3\"></span>EBITDA oraz stopy wzrostu po <span class=\"_ _3\"></span>okresie prognozy. Nale\u017cy ponad<span class=\"_ _3\"></span>to wskaza\u0107, \u017ce wra\u017c<span class=\"_ _3\"></span>liwo\u015b\u0107 na zmian\u0119 poziomu<span class=\"_ _3\"></span> przychod\u00f3w jest <span class=\"_ _3\"></span>odzwierciedlona we wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci na zmian\u0119 mar<span class=\"_ _3\"></span>\u017cy EBITDA.    <span class=\"_ _d2\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna \u015arednia mar\u017ca EBI<span class=\"_ _3\"></span>TDA w okresie p<span class=\"_ _3\"></span>rognozy <span class=\"_ _d3\"> </span>ni\u017cej o 2 pkt % <span class=\"_ _d4\"> </span>wg testu <span class=\"_ _c7\"> </span>wy\u017cej o 2 p<span class=\"_ _3\"></span>kt % Uzdrowiska K\u0142odz<span class=\"_ _3\"></span>kie S.A. - Grupa <span class=\"_ _3\"></span>PGU <span class=\"_ _a5\"> </span>60 <span class=\"_ _d5\"> </span><span class=\"ff1\">102 <span class=\"_ _d6\"> </span></span>144 Uzdrowisko Po\u0142czyn<span class=\"_ _3\"></span> Grupa PGU S.A <span class=\"_ _c1\"> </span>4<span class=\"_ _3\"></span>3 <span class=\"_ _d7\"> </span><span class=\"ff1\">55 <span class=\"_ _d8\"> </span></span>69 Uzdrowisko Cieplic<span class=\"_ _3\"></span>e Sp. z o.o. - Gr<span class=\"_ _3\"></span>upa PGU <span class=\"_ _8f\"> </span>20 <span class=\"_ _d7\"> </span><span class=\"ff1\">28 <span class=\"_ _c3\"> </span></span>35 Uzdrowisko \u015awierad<span class=\"_ _3\"></span>\u00f3w -<span class=\"_ _192\"> </span>Czerniawa<span class=\"_ _3\"></span> Sp. z o.o. \u2013 Grupa PGU 27 <span class=\"_ _d7\"> </span><span class=\"ff1\">36 <span class=\"_ _c3\"> </span></span>45 \u015arednia stopa dys<span class=\"_ _3\"></span>kontowa w okresie prognozy ni\u017cej o 1 pkt % <span class=\"_ _d4\"> </span>wg testu <span class=\"_ _c7\"> </span>wy\u017cej o 1 p<span class=\"_ _3\"></span>kt % Uzdrowiska K\u0142odz<span class=\"_ _3\"></span>kie S.A. - Grupa <span class=\"_ _3\"></span>PGU <span class=\"_ _d9\"> </span>119 <span class=\"_ _9c\"> </span><span class=\"ff1\">102 <span class=\"_ _da\"> </span></span>88 Uzdrowisko Po\u0142czyn<span class=\"_ _3\"></span> Grupa PGU S.A <span class=\"_ _c1\"> </span>6<span class=\"_ _3\"></span>3 <span class=\"_ _d7\"> </span><span class=\"ff1\">55 <span class=\"_ _d8\"> </span></span>50 Uzdrowisko Cieplic<span class=\"_ _3\"></span>e Sp. z o.o. - Gr<span class=\"_ _3\"></span>upa PGU <span class=\"_ _8f\"> </span>32 <span class=\"_ _d7\"> </span><span class=\"ff1\">28 <span class=\"_ _c3\"> </span></span>24 Uzdrowisko \u015awierad<span class=\"_ _3\"></span>\u00f3w -<span class=\"_ _192\"> </span>Czerniawa<span class=\"_ _3\"></span> Sp. z o.o. \u2013 Grupa PGU 41 <span class=\"_ _d7\"> </span><span class=\"ff1\">36 <span class=\"_ _c3\"> </span></span>32 Stopa wzrostu po <span class=\"_ _3\"></span>okresie prognozy <span class=\"_ _db\"> </span>ni\u017cej o 1 pkt % <span class=\"_ _d4\"> </span>wg testu <span class=\"_ _c7\"> </span>wy\u017cej o 1 p<span class=\"_ _3\"></span>kt % Uzdrowiska K\u0142odz<span class=\"_ _3\"></span>kie S.A. - Grupa <span class=\"_ _3\"></span>PGU <span class=\"_ _a5\"> </span>92 <span class=\"_ _d5\"> </span><span class=\"ff1\">102<span class=\"fcb\"> <span class=\"_ _d6\"> </span></span></span>113 Uzdrowisko Po\u0142czyn<span class=\"_ _3\"></span> Grupa PGU S.A <span class=\"_ _c1\"> </span>5<span class=\"_ _3\"></span>2 <span class=\"_ _d7\"> </span><span class=\"ff1\">55<span class=\"fcb\"> <span class=\"_ _d8\"> </span></span></span>60 Uzdrowisko Cieplic<span class=\"_ _3\"></span>e Sp. z o.o. - Gr<span class=\"_ _3\"></span>upa PGU <span class=\"_ _8f\"> </span>25 <span class=\"_ _d7\"> </span><span class=\"ff1\">28<span class=\"fcb\"> <span class=\"_ _c3\"> </span></span></span>30 Uzdrowisko \u015awierad<span class=\"_ _3\"></span>\u00f3w -<span class=\"_ _192\"> </span>Czerniawa<span class=\"_ _3\"></span> Sp. z o.o. \u2013 Grupa PGU 33 <span class=\"_ _d7\"> </span><span class=\"ff1\">36<span class=\"fcb\"> <span class=\"_ _c3\"> </span></span></span>39 Dla <span class=\"_ _53\"></span>potrzeb <span class=\"_ _53\"></span>monitorowania <span class=\"_ _2\"></span>ryzyka <span class=\"_ _53\"></span>dalszej <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>peracyjnych <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kolejnych <span class=\"_ _53\"></span>okresach <span class=\"_ _53\"></span>sprawozdawczyc<span class=\"_ _3\"></span>h, jak <span class=\"_ _0\"></span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>potrzeby <span class=\"_ _0\"> </span>mo<span class=\"_ _2\"></span>nitoringu <span class=\"_ _0\"></span>mo\u017cliwo\u015bci <span class=\"_ _0\"></span>dokonania <span class=\"_ _0\"></span>odwr\u00f3cenia <span class=\"_ _0\"></span>odpisu <span class=\"_ _0\"> </span>aktualizuj\u0105cego <span class=\"_ _0\"> </span>st<span class=\"_ _2\"></span>wierdzon<span class=\"_ _3\"></span>o, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _0\"></span>warto\u015b\u0107 odzyskiwalna  osi\u0105gn\u0119\u0142aby  warto\u015b\u0107  r\u00f3wn\u0105 <span class=\"_ _57\"> </span>warto\u015bc<span class=\"_ _3\"></span>i  bilansowej  po<span class=\"_ _2\"></span>szczeg\u00f3lnych  sp\u00f3\u0142ek  w sytuacji,  gdy  nominalna  stopa dyskonta kszta\u0142t<span class=\"_ _3\"></span>owa\u0142aby si\u0119 jak ni\u017cej: <span class=\"_ _3\"></span> Uzdrowiska K\u0142odz<span class=\"_ _3\"></span>kie S.A. -<span class=\"_ _192\"> </span>Grupa P<span class=\"_ _3\"></span>GU<span class=\"_ _192\"> </span>10,54%<span class=\"_ _192\"> </span>Uzdrowisko Po\u0142czyn<span class=\"_ _3\"></span> Grupa PGU S.A<span class=\"_ _192\"> </span>8,50%<span class=\"_ _192\"> </span>Uzdrowisko Cieplic<span class=\"_ _3\"></span>e  Sp. z o.o. -<span class=\"_ _192\"> </span>Grupa PGU<span class=\"_ _192\"> </span>10,00%<span class=\"_ _192\"> </span>Uzdrowisko \u015awierad<span class=\"_ _3\"></span>\u00f3w -<span class=\"_ _192\"> </span>Czerniawa<span class=\"_ _3\"></span> Sp. z o.o. \u2013<span class=\"_ _192\"> </span>Grupa PGU<span class=\"_ _192\"> </span>10,75%<span class=\"_ _192\"> </span>OCENA UTRATY <span class=\"_ _3\"></span>WARTO\u015aCI PRAW DO WO<span class=\"_ _3\"></span>DY  W <span class=\"_ _0\"></span>Grupie <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>corocznie <span class=\"_ _53\"></span>testowane <span class=\"_ _0\"></span>pod <span class=\"_ _0\"></span>k\u0105tem <span class=\"_ _0\"></span>utraty <span class=\"_ _0\"></span>wa<span class=\"_ _3\"></span>rto\u015bci <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>prawa <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>wody <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>posi<span class=\"_ _2\"></span>adanych <span class=\"_ _53\"></span>\u017ar\u00f3de\u0142 <span class=\"_ _0\"></span>w Chile poprzez <span class=\"_ _57\"> </span>por\u00f3wnanie<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>ich <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _57\"> </span>bilansowej  do <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _57\"> </span>odzyskiwalnej,  kt\u00f3ra <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>ustalana  na <span class=\"_ _57\"> </span>podstawie <span class=\"_ _57\"> </span>warto\u015bci godziwej <span class=\"_ _53\"></span>pomniejszonej <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>koszty <span class=\"_ _53\"></span>zbycia. <span class=\"_ _53\"></span>Warto\u015b\u0107 <span class=\"_ _0\"></span>godziwa <span class=\"_ _53\"></span>uprawnie\u0144 <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>wody <span class=\"_ _0\"></span>jest <span class=\"_ _53\"></span>klasyfikowana<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>jako <span class=\"_ _53\"></span>pozycja <span class=\"_ _0\"></span>poziomu<span class=\"_ _3\"></span> 2 hierarchii  warto\u015bci  godziwej,  w <span class=\"_ _57\"> </span>kt\u00f3rej  po<span class=\"_ _2\"></span>miary  warto\u015bci  godziwej  s\u0105 <span class=\"_ _57\"> </span>oparte  na  i<span class=\"_ _2\"></span>stotnych  obserwowalnych  danych wej\u015bciowych innych <span class=\"_ _3\"></span>ni\u017c notowane ceny r<span class=\"_ _3\"></span>ynkowe. Za <span class=\"_ _53\"></span>rok <span class=\"_ _0\"></span>zako\u0144czony <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _53\"></span>dokona\u0142a <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>czynnik\u00f3w <span class=\"_ _0\"></span>wp\u0142ywaj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>odzyskiwaln\u0105 <span class=\"_ _53\"></span>aktywa i uzna\u0142a, \u017ce nie ma podstaw <span class=\"_ _2\"></span>do uj\u0119cia utraty warto\u015bci, poniewa\u017c zar\u00f3wno cena wody jak i o<span class=\"_ _2\"></span>szacowa<span class=\"_ _3\"></span>na ilo\u015b\u0107 <span class=\"_ _2\"></span>wody mo\u017cliwej<span class=\"_ _3\"></span> do wydobycia nie zmieni\u0142y si\u0119 w stosunku<span class=\"_ _3\"></span> do poziom\u00f3w tych czynnik\u00f3w  <span class=\"_ _3\"></span>przyj\u0119tych do wyceny na dzie\u0144 3<span class=\"_ _3\"></span>1 grudnia 2021 r. Warto\u015b\u0107 bilansowa <span class=\"_ _3\"></span>praw do wody <span class=\"_ _3\"></span>wynios\u0142a na dzie\u0144 31 grudn<span class=\"_ _3\"></span>ia 2022 <span class=\"_ _3\"></span>r. 73 mln PLN (na dzie\u0144 31<span class=\"_ _3\"></span>.12.2021 r. 6<span class=\"_ _3\"></span>7 mln PLN).<span class=\"_ _192\"> </span>Pozosta\u0142e odpi<span class=\"_ _3\"></span>sy z tytu\u0142u utraty <span class=\"_ _3\"></span>warto\u015bci aktyw\u00f3w<span class=\"ff2 fc0\"> </span>Pozosta\u0142e odpisy z <span class=\"_ _3\"></span>tytu\u0142u utraty war<span class=\"_ _3\"></span>to\u015bci aktyw\u00f3w dotycz\u0105:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">\u015bro<span class=\"_ _2\"></span>dk\u00f3w <span class=\"_ _53\"></span>trwa\u0142ych <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>niematerialnych <span class=\"_ _53\"></span>38 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _53\"></span>(w <span class=\"_ _0\"></span>tym<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>36 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _0\"></span>dotyczy <span class=\"_ _53\"></span>segmentu <span class=\"_ _53\"></span>KGHM </span></span>INTERNATIONAL LT<span class=\"_ _3\"></span>D.), \u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">\u015bro<span class=\"_ _2\"></span>dk\u00f3w <span class=\"_ _57\"> </span>trwa\u0142ych  w <span class=\"_ _59\"> </span>b<span class=\"_ _3\"></span>udowie <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>pozosta\u0142ych <span class=\"_ _57\"> </span>warto\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _57\"> </span>niematerialnych  nieoddanych <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>u\u017cytkowania<span class=\"_ _3\"></span> </span></span>63 mln <span class=\"_ _0\"></span>PLN <span class=\"_ _1\"> </span>(w <span class=\"_ _1\"> </span>tym <span class=\"_ _1\"> </span>55 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _1\"> </span>dot<span class=\"_ _2\"></span>yczy <span class=\"_ _0\"></span>segmentu <span class=\"_ _1\"> </span>KGHM <span class=\"_ _1\"> </span>INTERNATIO<span class=\"_ _3\"></span>NAL <span class=\"_ _1\"> </span>LTD, <span class=\"_ _1\"> </span>projekty <span class=\"_ _0\"></span>pod <span class=\"_ _1\"> </span>MSSF6, kt\u00f3re <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>ca\u0142o\u015bci <span class=\"_ _1\"> </span>odpisane <span class=\"_ _1\"> </span>z uwagi <span class=\"_ _1\"> </span>na  zako\u0144czenie <span class=\"_ _1\"> </span>wierce\u0144 <span class=\"_ _74\"> </span>ze <span class=\"_ _74\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>brak <span class=\"_ _74\"> </span>potwierdzenia ekonomicznej <span class=\"_ _3\"></span>op\u0142acalno\u015bci badanych z<span class=\"_ _3\"></span>\u0142\u00f3\u017c), \u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">aktualizacji warto\u015bci zapas\u00f3w 74<span class=\"_ _3\"></span> mln PLN, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">aktualizacji warto\u015bci nale\u017cno\u015bci 9 <span class=\"_ _3\"></span>mln PLN. </span></span>Informacj\u0119 <span class=\"_ _67\"> </span>d<span class=\"_ _3\"></span>otycz\u0105c\u0105 <span class=\"_ _67\"> </span>miejsca<span class=\"_ _3\"></span> <span class=\"_ _67\"> </span>rozpoznania <span class=\"_ _5e\"> </span>odpis\u00f3w <span class=\"_ _67\"> </span>z <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _5e\"> </span>utraty <span class=\"_ _67\"> </span>warto\u015bci <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span>skonsolidowan<span class=\"_ _3\"></span>ym <span class=\"_ _67\"> </span>sprawozdaniu<span class=\"_ _3\"></span>  z wyniku prezentuje <span class=\"_ _3\"></span>Nota 4.4. Nota 3.2 Utrata w<span class=\"_ _3\"></span>arto\u015bci aktyw\u00f3w <span class=\"_ _3\"></span>na dzie\u0144 31 grudni<span class=\"_ _3\"></span>a 2021 r.<span class=\"_ _192\"> </span>TEST NA UTRAT\u0118 WAR<span class=\"_ _3\"></span>TO\u015aCI AKTYW\u00d3<span class=\"_ _3\"></span>W GRUPY KGHM <span class=\"_ _3\"></span>INTERNATIONAL LTD. <span class=\"_ _3\"></span>\u2013 Segment KGHM<span class=\"_ _3\"></span> INTERNATIONAL LTD.<span class=\"_ _3\"></span> Na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>30 <span class=\"_ _59\"> </span>czerwca <span class=\"_ _5a\"> </span>2021<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>r. <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>zwi\u0105zku <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>wyst\u0105pieniem <span class=\"_ _59\"> </span>przes\u0142anek <span class=\"_ _59\"> </span>wskazuj\u0105cych <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>mo\u017cliwo\u015b\u0107 <span class=\"_ _59\"> </span>zmiany <span class=\"_ _59\"> </span>warto\u015bci odzyskiwalnej <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _53\"></span>zagraniczny<span class=\"_ _3\"></span>ch <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>g\u00f3rniczych <span class=\"_ _53\"></span>wchodz\u0105<span class=\"_ _3\"></span>cych <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sk\u0142ad <span class=\"_ _2\"></span>Grupy <span class=\"_ _53\"></span>KGHM <span class=\"_ _2\"></span>INTERNATIONAL <span class=\"_ _2\"></span>LTD., <span class=\"_ _53\"></span>Zarz\u0105<span class=\"_ _3\"></span>d Jednostki <span class=\"_ _54\"> </span>Dominuj\u0105cej <span class=\"_ _54\"> </span>przeprowadzi\u0142 <span class=\"_ _54\"> </span>testy <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>utrat\u0119 <span class=\"_ _55\"> </span>warto\u015bci <span class=\"_ _54\"> </span>tych <span class=\"_ _54\"> </span>aktyw\u00f3w. <span class=\"_ _55\"> </span>Dla <span class=\"_ _54\"> </span>potrzeb <span class=\"_ _54\"> </span>oszacowania <span class=\"_ _54\"> </span>warto\u015bci odzyskiwalnej  ak<span class=\"_ _3\"></span>tyw\u00f3w  Grupy <span class=\"_ _74\"> </span>KGHM  INTERNATIONAL  LT<span class=\"_ _3\"></span>D.,  co  do  k<span class=\"_ _3\"></span>t\u00f3rych  ziden<span class=\"_ _3\"></span>tyfikowano  prz<span class=\"_ _3\"></span>es\u0142anki  wskazuj\u0105ce  n<span class=\"_ _3\"></span>a mo\u017cliwo\u015b\u0107 zmiany wa<span class=\"_ _3\"></span>rto\u015bci odzyskiwalnej, w<span class=\"_ _3\"></span>yodr\u0119bniono nas<span class=\"_ _3\"></span>t\u0119puj\u0105ce o\u015brodki generuj\u0105c<span class=\"_ _3\"></span>e \u015brodki pieni\u0119\u017cne (OW<span class=\"_ _3\"></span>SP): \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">Kopalnia Robins<span class=\"_ _3\"></span>on, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">Zag\u0142\u0119bie Sudbury, <span class=\"_ _3\"></span>w sk\u0142ad kt\u00f3reg<span class=\"_ _3\"></span>o wchodzi kopalnia M<span class=\"_ _3\"></span>orrison oraz <span class=\"_ _3\"></span>kopalnia McCreedy,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">Projekt w fazie pr<span class=\"_ _3\"></span>zedoperacyjnej <span class=\"_ _3\"></span>Victoria, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">Projekt Ajax. </span></span>Kluczowymi przes<span class=\"_ _3\"></span>\u0142ankami do przeprowadz<span class=\"_ _3\"></span>enia testu na utra<span class=\"_ _3\"></span>t\u0119 warto\u015bci by\u0142y:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">zmiana \u015bcie\u017cek rynk<span class=\"_ _3\"></span>owych progn<span class=\"_ _3\"></span>oz cenowych surowc\u00f3<span class=\"_ _3\"></span>w,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">decyzja <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>rozpocz\u0119ciu <span class=\"_ _0\"></span>procesu <span class=\"_ _53\"></span>przygotowania <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>sprzeda\u017cy <span class=\"_ _0\"></span>cz\u0119\u015bci <span class=\"_ _0\"></span>aktyw\u00f3w <span class=\"_ _0\"></span>zlokalizowanych <span class=\"_ _53\"></span>w <span class=\"_ _0\"> </span>OWSP <span class=\"_ _0\"> </span>S<span class=\"_ _2\"></span>udbury<span class=\"_ _3\"></span> </span></span>(nie <span class=\"_ _0\"></span>dotyczy <span class=\"_ _0\"></span>projektu <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>fazie <span class=\"_ _0\"></span>przedoperacy<span class=\"_ _3\"></span>jnej <span class=\"_ _0\"> </span>Victoria, <span class=\"_ _0\"></span>kt\u00f3ry <span class=\"_ _0\"></span>pozostaje <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>Grupie <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>INTERNATIONAL <span class=\"_ _53\"></span>L<span class=\"_ _2\"></span>TD. jako aktywo strate<span class=\"_ _3\"></span>giczne), \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">zmiana <span class=\"_ _1\"> </span>parametr\u00f3w <span class=\"_ _1\"> </span>techniczno-ekon<span class=\"_ _3\"></span>omicznych <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>aktyw\u00f3w <span class=\"_ _1\"> </span>g\u00f3rniczych <span class=\"_ _1\"> </span>OWSP <span class=\"_ _1\"> </span>Sudbury <span class=\"_ _74\"> </span>wchodz\u0105cych <span class=\"_ _1\"> </span>w sk\u0142ad<span class=\"_ _3\"></span> </span></span>grupy <span class=\"_ _54\"> </span>KGHM <span class=\"_ _54\"> </span>INTERNATIONAL <span class=\"_ _54\"> </span>LTD. <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>zakresie <span class=\"_ _54\"> </span>wolumenu <span class=\"_ _5a\"> </span>pro<span class=\"_ _2\"></span>dukcji, <span class=\"_ _54\"> </span>zak\u0142adanych <span class=\"_ _54\"> </span>kosz<span class=\"_ _3\"></span>t\u00f3w <span class=\"_ _54\"> </span>operacyjnych <span class=\"_ _3\"></span> i poziomu nak\u0142ad\u00f3w<span class=\"_ _3\"></span> inwestycyjnych w okre<span class=\"_ _3\"></span>sie \u017cycia kopalni.<span class=\"_ _3\"></span> Do g\u0142\u00f3wnych przes\u0142an<span class=\"_ _3\"></span>ek wskazuj\u0105cych na to, \u017ce wa<span class=\"_ _3\"></span>rto\u015b\u0107 odzyskiwalna<span class=\"_ _3\"></span> mo\u017ce by\u0107 wy\u017csza ni\u017c war<span class=\"_ _3\"></span>to\u015b\u0107 bilansowa, a w zw<span class=\"_ _3\"></span>i\u0105zku z tym <span class=\"_ _74\"> </span>zasadne <span class=\"_ _74\"> </span>mo\u017ce <span class=\"_ _74\"> </span>by\u0107 <span class=\"_ _74\"> </span>odwr\u00f3cenie <span class=\"_ _74\"> </span>wcze\u015bniej <span class=\"_ _74\"> </span>zawi\u0105zanych <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>dpis\u00f3w <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>utraty <span class=\"_ _74\"> </span>warto\u015bci, <span class=\"_ _1\"> </span>nale\u017ca\u0142y  wz<span class=\"_ _3\"></span>rost <span class=\"_ _74\"> </span>\u015bcie\u017cek cenowych miedzi, <span class=\"_ _3\"></span>z\u0142ota, palladu i<span class=\"_ _3\"></span> srebra. Do <span class=\"_ _2\"></span>g\u0142\u00f3wnych przes\u0142anek wskazuj\u0105cych na t<span class=\"_ _2\"></span>o, \u017ce <span class=\"_ _2\"></span>warto\u015b\u0107 odzyskiwalna mo\u017ce <span class=\"_ _2\"></span>by\u0107 <span class=\"_ _2\"></span>ni\u017csza ni\u017c <span class=\"_ _2\"></span>warto\u015b\u0107 bilansowa, a w zwi\u0105zku z tym konieczne m<span class=\"_ _3\"></span>o\u017ce by\u0107 uj\u0119cie dodatk<span class=\"_ _3\"></span>owego odpisu z tytu<span class=\"_ _3\"></span>\u0142u utraty warto\u015bci, nale\u017ca\u0142<span class=\"_ _3\"></span>y: \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">spadek \u015bcie\u017cek cenowyc<span class=\"_ _3\"></span>h niklu,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">zmiany <span class=\"_ _2\"></span>parametr\u00f3w <span class=\"_ _53\"></span>techniczno<span class=\"_ _3\"></span>\u2013ekonomicznych <span class=\"_ _2\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>OWSP <span class=\"_ _53\"></span>Sudbury, <span class=\"_ _2\"></span>m.in. <span class=\"_ _53\"></span>odsuni\u0119cie <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>czasie <span class=\"_ _53\"></span>wznowienia<span class=\"_ _3\"></span> </span></span>produkcji, <span class=\"_ _2\"></span>ni\u017cszy <span class=\"_ _2\"></span>przewidywany wo<span class=\"_ _2\"></span>lumen <span class=\"_ _2\"></span>produkcji, <span class=\"_ _2\"></span>wzrost <span class=\"_ _2\"></span>przewidywanych nak\u0142ad\u00f3w <span class=\"_ _53\"></span>inwes<span class=\"_ _3\"></span>tycyjnych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>okresie \u017cycia kopalni.  Na <span class=\"_ _1\"> </span>potrzeby <span class=\"_ _0\"> </span>ust<span class=\"_ _2\"></span>alenia <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _1\"> </span>odzyskiwalnej <span class=\"_ _1\"> </span>aktyw\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>poszczeg\u00f3lnych <span class=\"_ _0\"></span>OWSP <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>przeprowad<span class=\"_ _3\"></span>zonym <span class=\"_ _1\"> </span>te\u015bcie <span class=\"_ _1\"> </span>dokonan<span class=\"_ _3\"></span>o wyceny  do  wart<span class=\"_ _3\"></span>o\u015bci  godziwej  (<span class=\"_ _3\"></span>pomniejszonej  o <span class=\"_ _74\"> </span>szaco<span class=\"_ _2\"></span>wane  k<span class=\"_ _3\"></span>oszty  doprowadz<span class=\"_ _3\"></span>enia  do  zbycia) <span class=\"_ _74\"> </span>wy<span class=\"_ _2\"></span>korzystuj\u0105c  pod<span class=\"_ _3\"></span>ej\u015bcie dochodowe, tj. metod\u0119 zdyskon<span class=\"_ _3\"></span>towanych przep\u0142yw\u00f3w pieni<span class=\"_ _3\"></span>\u0119\u017cnych dla OWSP: Sudbur<span class=\"_ _3\"></span>y, Victoria oraz do warto\u015bci u\u017cytkowej dla OWSP Robins<span class=\"_ _3\"></span>on.  Podstawowe za\u0142o<span class=\"_ _3\"></span>\u017cenia makroekon<span class=\"_ _3\"></span>omiczne przyj\u0119te w <span class=\"_ _3\"></span>te\u015bcie na utrat\u0119 w<span class=\"_ _3\"></span>arto\u015bci na 30 czerw<span class=\"_ _3\"></span>ca 2021 r. \u2013<span class=\"_ _192\"> </span>notowania cen metali \u015acie\u017cki <span class=\"_ _57\"> </span>cenow<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>zosta\u0142y <span class=\"_ _57\"> </span>przyj\u0119t<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>na  podstawie <span class=\"_ _57\"> </span>dost\u0119pnych  wieloletnich  prognoz <span class=\"_ _57\"> </span>instytucji  finansowych  i analitycznych. Szczeg\u00f3\u0142owa <span class=\"_ _0\"></span>prognoza <span class=\"_ _0\"></span>przygotowywana <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>dla <span class=\"_ _0\"></span>okresu <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>2026, <span class=\"_ _0\"></span>dla <span class=\"_ _1\"> </span>okresu <span class=\"_ _0\"></span>2027 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _1\"> </span>2031 <span class=\"_ _0\"></span>stosowane <span class=\"_ _0\"> </span>jest <span class=\"_ _1\"> </span>techniczn<span class=\"_ _3\"></span>e dostosowanie  c<span class=\"_ _3\"></span>en  pomi\u0119dzy <span class=\"_ _74\"> </span>ostatnim  rokiem <span class=\"_ _74\"> </span>szczeg\u00f3\u0142owej  pr<span class=\"_ _3\"></span>ognozy,  a  r<span class=\"_ _3\"></span>okiem  2032, <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>d kt\u00f3r<span class=\"_ _3\"></span>ego  wykorzystywana <span class=\"_ _74\"> </span>jest d\u0142ugoterminowa pr<span class=\"_ _3\"></span>ognoza ceny metalu na<span class=\"_ _3\"></span> poziomie:   - <span class=\"fc0\">dla miedzi \u2013 7<span class=\"_ _3\"></span> 000 USD/t (3,18 USD/lb)<span class=\"_ _3\"></span>;<span class=\"fcc\"> </span></span>  - <span class=\"fc0\">dla z\u0142ota \u2013 1 50<span class=\"_ _3\"></span>0 USD/oz;<span class=\"fcc\"> </span></span> -  <span class=\"fc0\">dla niklu <span class=\"_ _3\"></span>\u2013 7,25 USD/lb.</span><span class=\"fc0\"> </span>Za\u0142o\u017cenia przyj<span class=\"_ _3\"></span>\u0119te w te\u015bcie na utrat\u0119 w<span class=\"_ _3\"></span>arto\u015bci na 30 czerwca 202<span class=\"_ _3\"></span>1 r.  Victoria <span class=\"_ _6\"> </span>Sudbury <span class=\"_ _dc\"> </span>Robinson Okres \u017cycia kopalni <span class=\"_ _3\"></span>/ okres prognozy<span class=\"_ _192\"> </span>14<span class=\"_ _192\"> </span>14<span class=\"_ _192\"> </span>7<span class=\"_ _192\"> </span>Poziom produkcji mi<span class=\"_ _3\"></span>edzi w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni ( tys. t)<span class=\"_ _192\"> </span>249<span class=\"_ _192\"> </span>43<span class=\"_ _192\"> </span>358<span class=\"_ _192\"> </span>Poziom produkcji niklu <span class=\"_ _3\"></span>w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni (tys.t)<span class=\"_ _192\"> </span>221<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Poziom produkcji z\u0142<span class=\"_ _3\"></span>ota w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni (tys. oz)<span class=\"_ _192\"> </span>157<span class=\"_ _192\"> </span>27<span class=\"_ _192\"> </span>263<span class=\"_ _192\"> </span>\u015arednia mar\u017ca <span class=\"_ _3\"></span>operacyjna w okresi<span class=\"_ _3\"></span>e \u017cycia kopalni<span class=\"_ _192\"> </span>62%<span class=\"_ _192\"> </span>27%<span class=\"_ _192\"> </span>43%<span class=\"_ _192\"> </span>Poziom nak\u0142ad\u00f3w inw<span class=\"_ _3\"></span>estycyjnych <span class=\"_ _3\"></span>do poniesienia w okresi<span class=\"_ _3\"></span>e \u017cycia kopalni  [mln U<span class=\"_ _3\"></span>SD] 1 530<span class=\"_ _192\"> </span>157<span class=\"_ _192\"> </span>410<span class=\"_ _192\"> </span>Zastosowana stopa d<span class=\"_ _3\"></span>yskonta po opodatk<span class=\"_ _3\"></span>owaniu dla aktyw\u00f3w w fazie operacyjnej*<span class=\"_ _3\"></span> -<span class=\"_ _192\"> </span>7,5%<span class=\"_ _192\"> </span>7,5%<span class=\"_ _192\"> </span>Zastosowana stopa d<span class=\"_ _3\"></span>yskonta po opodatk<span class=\"_ _3\"></span>owaniu dla aktyw\u00f3w w fazie przedoperac<span class=\"_ _3\"></span>yjnej 10,5%<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Koszty doprowadz<span class=\"_ _3\"></span>enia do zbycia<span class=\"_ _3\"></span> 2%<span class=\"_ _192\"> </span>Poziom hierarchii wa<span class=\"_ _3\"></span>rto\u015bci godziwej do k<span class=\"_ _3\"></span>t\u00f3rego zaklasyfikowan<span class=\"_ _3\"></span>o  wycen\u0119 do warto\u015bci g<span class=\"_ _3\"></span>odziwej Poziom 3 *  Prezentowane<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>d<span class=\"_ _2\"></span>ane  dla  OWSP <span class=\"_ _1\"> </span>Ro<span class=\"_ _2\"></span>binson  s\u0105  po <span class=\"_ _1\"> </span>op<span class=\"_ _2\"></span>odatkowaniu  pomimo  modelu  wyceny  do  warto\u015bci  u\u017cytkowej.  Zastosowanie  danych  przed opoda<span class=\"_ _2\"></span>tkowaniem nie w<span class=\"_ _2\"></span>p\u0142ywa istotnie<span class=\"_ _2\"></span> na warto\u015b\u0107 od<span class=\"_ _2\"></span>zyskiwaln\u0105.  Kluczowe czynniki zmiany za\u0142o<span class=\"_ _3\"></span>\u017ce\u0144 <span class=\"_ _2\"></span>technic<span class=\"_ _3\"></span>zno-ekonomicznyc<span class=\"_ _3\"></span>h przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci na 30 czerwca<span class=\"_ _3\"></span> 2021 r. Sudbury  W\u0142\u0105czenie do eksploata<span class=\"_ _3\"></span>cji obszar\u00f3w wyst\u0119p<span class=\"_ _3\"></span>owania miedzi i metali<span class=\"_ _3\"></span> szlachetnych (\u201e700 Z<span class=\"_ _3\"></span>one\u201d i \u201ePM Zone\u201d) oraz wy\u0142\u0105czenie <span class=\"_ _3\"></span>obszaru niklowego (\u201eInt<span class=\"_ _3\"></span>ermain Orebody\u201d). Odsuni\u0119cie wzn<span class=\"_ _3\"></span>owienia kopalni Levack do 2<span class=\"_ _3\"></span>027 r. oraz z<span class=\"_ _3\"></span>mniejszenie wolumenu pr<span class=\"_ _3\"></span>odukcji. Wyniki przeprowadz<span class=\"_ _3\"></span>onych test\u00f3w na <span class=\"_ _3\"></span>dzie\u0144 30 czerwca 20<span class=\"_ _3\"></span>21 r. przedstawia poni\u017csza<span class=\"_ _3\"></span> tabela: OWSP Segment (Cz\u0119\u015b\u0107 2) Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa* <span class=\"_ _49\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna Odwr\u00f3cenie odpis<span class=\"_ _3\"></span>u z<span class=\"_ _192\"> </span>tytu\u0142u utraty warto\u015bci<span class=\"_ _3\"></span> mln USD<span class=\"_ _192\"> </span>mln PLN<span class=\"_ _192\"> </span>mln USD<span class=\"_ _192\"> </span>mln PLN<span class=\"_ _192\"> </span>mln USD<span class=\"_ _192\"> </span>mln PLN<span class=\"_ _192\"> </span>Victoria<span class=\"_ _192\"> </span>KGHM INTERNATIONAL LTD. 280<span class=\"_ _192\"> </span>1 065<span class=\"_ _192\"> </span>280<span class=\"_ _192\"> </span>1 065<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Sudbury<span class=\"_ _192\"> </span>43<span class=\"_ _192\"> </span>164<span class=\"_ _192\"> </span>43<span class=\"_ _192\"> </span>164<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Robinson<span class=\"_ _192\"> </span>369<span class=\"_ _192\"> </span>1 404<span class=\"_ _192\"> </span>614<span class=\"_ _192\"> </span>2 335<span class=\"_ _192\"> </span>10**<span class=\"_ _192\"> </span>38**<span class=\"_ _192\"> </span>* Warto\u015b\u0107 bilan<span class=\"_ _2\"></span>sowa aktyw<span class=\"_ _2\"></span>\u00f3w trwa\u0142<span class=\"_ _2\"></span>ych pomniejszo<span class=\"_ _2\"></span>na o rezerw\u0119<span class=\"_ _2\"></span> z tytu\u0142u przysz\u0142ych kosz<span class=\"_ _2\"></span>t\u00f3w likwid<span class=\"_ _2\"></span>acji kopal\u0144. ** <span class=\"_ _2\"></span>Pomim<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>osza<span class=\"_ _2\"></span>cowania <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>odzyskiwalne<span class=\"_ _2\"></span>j <span class=\"_ _2\"></span>OWSP <span class=\"_ _2\"></span>Rob<span class=\"_ _2\"></span>inson <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>poz<span class=\"_ _2\"></span>iomie <span class=\"_ _2\"></span>614 <span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ln <span class=\"_ _2\"></span>USD<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>(2 335 <span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ln <span class=\"_ _2\"></span>PLN<span class=\"_ _2\"></span>), <span class=\"_ _2\"></span>kt\u00f3ra<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>prze<span class=\"_ _2\"></span>wy\u017csza\u0142a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>bilansow\u0105 aktyw\u00f3w <span class=\"_ _53\"></span>te<span class=\"_ _2\"></span>go <span class=\"_ _53\"></span>OWSP <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>kwot\u0119 <span class=\"_ _53\"></span>245 <span class=\"_ _53\"></span>ml<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>USD <span class=\"_ _53\"></span>(932 <span class=\"_ _53\"></span>ml<span class=\"_ _2\"></span>n <span class=\"_ _53\"></span>PLN) <span class=\"_ _53\"></span>Grup<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dwr\u00f3ci\u0142a, <span class=\"_ _53\"></span>zgodni<span class=\"_ _2\"></span>e <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>M<span class=\"_ _2\"></span>SR <span class=\"_ _53\"></span>36.117, <span class=\"_ _53\"></span>straty <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>aktyw<span class=\"_ _2\"></span>\u00f3w <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>tego OWSP <span class=\"_ _53\"></span>uj\u0119t<span class=\"_ _2\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>okresach <span class=\"_ _53\"></span>pop<span class=\"_ _2\"></span>rzednich <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>kwo<span class=\"_ _2\"></span>cie <span class=\"_ _53\"></span>10 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>USD <span class=\"_ _0\"></span>(38 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN)<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>tj. <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>poziomu <span class=\"_ _53\"></span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _53\"></span>bilan<span class=\"_ _2\"></span>sowej <span class=\"_ _53\"></span>aktyw<span class=\"_ _2\"></span>\u00f3w, <span class=\"_ _53\"></span>jaka <span class=\"_ _0\"></span>zosta\u0142aby <span class=\"_ _53\"></span>u<span class=\"_ _2\"></span>stalona <span class=\"_ _53\"></span>(po pomni<span class=\"_ _2\"></span>ejszeniu o umorze<span class=\"_ _2\"></span>nie), gdyb<span class=\"_ _2\"></span>y w poprzed<span class=\"_ _2\"></span>nich okresach w o<span class=\"_ _2\"></span>g\u00f3le nie uj\u0119to<span class=\"_ _2\"></span> straty z tytu\u0142u<span class=\"_ _2\"></span> utraty warto\u015bci t<span class=\"_ _2\"></span>ych aktyw\u00f3w.  W <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>przeprowadz<span class=\"_ _3\"></span>onego <span class=\"_ _57\"> </span>testu <span class=\"_ _57\"> </span>dokonan<span class=\"_ _3\"></span>o <span class=\"_ _57\"> </span>odwr\u00f3cenia <span class=\"_ _57\"> </span>odpisu <span class=\"_ _57\"> </span>z  t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _57\"> </span>utraty  warto\u015bci <span class=\"_ _57\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>OWSP  Ro<span class=\"_ _2\"></span>binson<span class=\"_ _3\"></span> w kwocie 38 m<span class=\"_ _3\"></span>ln PLN, kt\u00f3ra pomniejszy\u0142a poz<span class=\"_ _3\"></span>ycj\u0119 \u201e Koszty sprz<span class=\"_ _3\"></span>edanych produkt\u00f3w, <span class=\"_ _3\"></span>towar\u00f3w i materia\u0142<span class=\"_ _3\"></span>\u00f3w\u201d. Wyniki <span class=\"_ _53\"></span>przeprowadz<span class=\"_ _3\"></span>onych <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>30 <span class=\"_ _53\"></span>czerwca <span class=\"_ _53\"></span>2021 <span class=\"_ _3\"></span>r. <span class=\"_ _53\"></span>test\u00f3w <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>OWSP <span class=\"_ _2\"></span>Vict<span class=\"_ _2\"></span>oria <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>OWSP <span class=\"_ _53\"></span>Sudbury <span class=\"_ _53\"></span>potwierdzi\u0142y, <span class=\"_ _2\"></span>\u017ce warto\u015b\u0107 odzyskiwalna jest <span class=\"_ _3\"></span>r\u00f3wna warto\u015bci bilansow<span class=\"_ _3\"></span>ej. Analiza wra\u017cliwo\u015bc<span class=\"_ _3\"></span>i warto\u015bci od<span class=\"_ _3\"></span>zyskiwalnej OWSP Victoria <span class=\"_ _3\"></span>(mln USD)<span class=\"_ _192\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna Stopa dyskonta 11%<span class=\"_ _192\"> </span>247<span class=\"_ _192\"> </span>Stopa dyskonta 10,<span class=\"_ _3\"></span>5% (test)<span class=\"_ _192\"> </span>280<span class=\"_ _192\"> </span>Stopa dyskonta 10%<span class=\"_ _192\"> </span>329<span class=\"_ _192\"> </span>Analiza wra\u017cliwo\u015bc<span class=\"_ _3\"></span>i warto\u015bci od<span class=\"_ _3\"></span>zyskiwalnej OWSP Victoria <span class=\"_ _3\"></span>(mln USD)<span class=\"_ _192\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna Cena miedzi \u20130,10 $/lb<span class=\"_ _192\"> </span>275<span class=\"_ _192\"> </span>Cena miedzi (test<span class=\"_ _3\"></span>)<span class=\"_ _192\"> </span>280<span class=\"_ _192\"> </span>Cena miedzi +0,<span class=\"_ _3\"></span>10 $/lb<span class=\"_ _192\"> </span>299<span class=\"_ _192\"> </span>Analiza wra\u017cliwo\u015bc<span class=\"_ _3\"></span>i warto\u015bci od<span class=\"_ _3\"></span>zyskiwalnej OWSP Victoria <span class=\"_ _3\"></span>(mln USD)<span class=\"_ _192\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna Cena niklu \u20130,10 $/lb<span class=\"_ _192\"> </span>238<span class=\"_ _192\"> </span>Cena niklu (test)<span class=\"_ _192\"> </span>280<span class=\"_ _192\"> </span>Cena niklu +0,<span class=\"_ _3\"></span>10 $/lb<span class=\"_ _192\"> </span>336<span class=\"_ _192\"> </span>Analiza wra\u017cliwo\u015bc<span class=\"_ _3\"></span>i warto\u015bci od<span class=\"_ _3\"></span>zyskiwalnej OWSP Robinso<span class=\"_ _3\"></span>n (mln USD)<span class=\"_ _192\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna<span class=\"_ _192\"> </span>Stopa dyskonta 8%<span class=\"_ _192\"> </span>604<span class=\"_ _192\"> </span>Stopa dyskonta 7,5<span class=\"_ _3\"></span>% (test)<span class=\"_ _192\"> </span>614<span class=\"_ _192\"> </span>Stopa dyskonta 7%<span class=\"_ _192\"> </span>625<span class=\"_ _192\"> </span>Analiza wra\u017cliwo\u015bc<span class=\"_ _3\"></span>i warto\u015bci od<span class=\"_ _3\"></span>zyskiwalnej OWSP Robinso<span class=\"_ _3\"></span>n (mln USD)<span class=\"_ _192\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna Cena miedzi \u20130,10 $/lb<span class=\"_ _192\"> </span>564<span class=\"_ _192\"> </span>Cena miedzi (test<span class=\"_ _3\"></span>)<span class=\"_ _192\"> </span>614<span class=\"_ _192\"> </span>Cena miedzi +0,<span class=\"_ _3\"></span>10 $/lb<span class=\"_ _192\"> </span>665<span class=\"_ _192\"> </span>Analiza <span class=\"_ _1\"> </span>wra\u017cliwo\u015bci <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>odzyskiwalnej <span class=\"_ _1\"> </span>OWSP <span class=\"_ _1\"> </span>S<span class=\"_ _2\"></span>udbury <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>nisk\u0105 <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>bilansow\u0105 <span class=\"_ _1\"> </span>aktyw\u00f3w <span class=\"_ _1\"> </span>nie zosta\u0142a przedstawiona. <span class=\"_ _3\"></span> W <span class=\"_ _5a\"> </span>drugiej <span class=\"_ _5a\"> </span>po\u0142owie <span class=\"_ _5a\"> </span>2021 <span class=\"_ _5a\"> </span>r. <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>zwi\u0105zku <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>wyst\u0105pieniem <span class=\"_ _5a\"> </span>przes\u0142anek <span class=\"_ _5a\"> </span>wskazuj\u0105cych <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>mo\u017cli<span class=\"_ _3\"></span>wo\u015b\u0107 <span class=\"_ _5a\"> </span>zmiany <span class=\"_ _5a\"> </span>warto\u015bci odzyskiwalnej <span class=\"_ _1\"> </span>aktyw\u00f3w <span class=\"_ _74\"> </span>g\u00f3rniczych <span class=\"_ _1\"> </span>OWSP <span class=\"_ _74\"> </span>Sudbury <span class=\"_ _1\"> </span>wchodz\u0105cych <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>sk\u0142<span class=\"_ _2\"></span>ad <span class=\"_ _1\"> </span>Grupy <span class=\"_ _74\"> </span>KGHM <span class=\"_ _74\"> </span>INTERNATIO<span class=\"_ _3\"></span>NAL <span class=\"_ _74\"> </span>LTD., <span class=\"_ _74\"> </span>Zarz\u0105d Jednostki <span class=\"_ _69\"> </span>Dominuj\u0105cej <span class=\"_ _5d\"> </span>przepr<span class=\"_ _3\"></span>owadzi\u0142 <span class=\"_ _69\"> </span>te<span class=\"_ _2\"></span>sty <span class=\"_ _69\"> </span>na <span class=\"_ _5d\"> </span>utrat\u0119 <span class=\"_ _69\"> </span>warto\u015bci <span class=\"_ _69\"> </span>t<span class=\"_ _2\"></span>ych <span class=\"_ _69\"> </span>aktyw\u00f3w. <span class=\"_ _5d\"> </span>Kluczow<span class=\"_ _3\"></span>ymi <span class=\"_ _5d\"> </span>przes\u0142ankami <span class=\"_ _69\"> </span>do przeprowadzenia <span class=\"_ _2\"></span>testu <span class=\"_ _0\"></span>na <span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>rat<span class=\"_ _3\"></span>\u0119 <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>wskazuj\u0105cymi <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>to, <span class=\"_ _53\"></span>\u017ce <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>odzyskiwalna <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _53\"></span>by\u0107 <span class=\"_ _53\"></span>ni\u017csza <span class=\"_ _53\"></span>ni\u017c ich <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>bilansowa, <span class=\"_ _53\"></span>a w zwi\u0105z<span class=\"_ _3\"></span>ku <span class=\"_ _53\"></span>z tym <span class=\"_ _53\"></span>konieczne <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _53\"></span>by\u0107 <span class=\"_ _53\"></span>uj\u0119cie <span class=\"_ _53\"></span>dodatkowego <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dpisu <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci, <span class=\"_ _53\"></span>by\u0142y decyzja <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>rezygnacji <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>wydobycia <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span>datkowym <span class=\"_ _53\"></span>z\u0142o\u017cu <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>spadek <span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>ektywno\u015bci <span class=\"_ _2\"></span>tych <span class=\"_ _53\"></span>aktyw\u00f3w. <span class=\"_ _53\"></span>W dw\u00f3ch <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>kopalni <span class=\"_ _53\"></span>OWSP Sudbury, <span class=\"_ _1\"> </span>tj. <span class=\"_ _1\"> </span>Mo<span class=\"_ _2\"></span>rrison <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>Podolsky, <span class=\"_ _1\"> </span>produkcja <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _74\"> </span>wstrzyman<span class=\"_ _3\"></span>a <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>s\u0105 <span class=\"_ _74\"> </span>one <span class=\"_ _1\"> </span>utrzymywane <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>prowadzenia <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci g\u00f3rniczej. <span class=\"_ _53\"></span>Ponadto <span class=\"_ _53\"></span>wyniki <span class=\"_ _53\"></span>innej <span class=\"_ _53\"></span>kopalni <span class=\"_ _53\"></span>tego <span class=\"_ _53\"></span>OWSP <span class=\"_ _0\"></span>\u2013 <span class=\"_ _53\"></span>McCreedy, <span class=\"_ _2\"></span>by<span class=\"_ _2\"></span>\u0142y <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _0\"></span>poni\u017cej <span class=\"_ _53\"></span>oczekiwa\u0144 <span class=\"_ _53\"></span>przede <span class=\"_ _53\"></span>wszystkim <span class=\"_ _53\"></span>ze wzgl\u0119du na znaczne z<span class=\"_ _3\"></span>mniejszeni<span class=\"_ _3\"></span>e zawarto\u015bci metalu w w<span class=\"_ _3\"></span>ydobywanej rudzie. Na <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>trzeby <span class=\"_ _0\"></span>ustalenia <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>odzyskiwalnej <span class=\"_ _0\"> </span>aktyw\u00f3w <span class=\"_ _0\"> </span>OWSP <span class=\"_ _1\"> </span>Sudbury <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>przeprowadzonym <span class=\"_ _0\"></span>te\u015bcie <span class=\"_ _0\"></span>dokonano <span class=\"_ _0\"> </span>wyceny warto\u015bci godziwej (pomniejszonej o szacowane kos<span class=\"_ _2\"></span>zty doprowad<span class=\"_ _3\"></span>zenia <span class=\"_ _2\"></span>do zbycia) wykorzystuj\u0105c podej\u015bcie dochodowe, tj. metod\u0119 zdyskont<span class=\"_ _3\"></span>owanych przep\u0142yw<span class=\"_ _3\"></span>\u00f3w pieni\u0119\u017cnych. Podstawowe <span class=\"_ _53\"></span>za\u0142o\u017cenia <span class=\"_ _53\"></span>makr<span class=\"_ _3\"></span>oekonomiczne <span class=\"_ _53\"></span>przyj\u0119te <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>te\u015bcie <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>utrat\u0119 <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _2\"></span>2021 <span class=\"_ _53\"></span>r., <span class=\"_ _53\"></span>tj. <span class=\"_ _0\"></span>notowania<span class=\"_ _3\"></span> cen metali, nie uleg<span class=\"_ _3\"></span>\u0142y istotnej zmianie w <span class=\"_ _3\"></span>stosunku do przyj\u0119<span class=\"_ _3\"></span>tych w te\u015bcie na utrat<span class=\"_ _3\"></span>\u0119 warto\u015bci na dzie\u0144 <span class=\"_ _3\"></span>30 czerwca 202<span class=\"_ _3\"></span>1 r. Za\u0142o\u017cenia przyj<span class=\"_ _3\"></span>\u0119te w te\u015bcie na utrat\u0119 w<span class=\"_ _3\"></span>arto\u015bci na 31 grudni<span class=\"_ _3\"></span>a 2021 r. <span class=\"_ _dd\"> </span>Sudbury Okres \u017cycia kopalni <span class=\"_ _3\"></span>/ okres prognozy<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>Poziom produkcji mi<span class=\"_ _3\"></span>edzi w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni ( tys. t)<span class=\"_ _192\"> </span>14,8<span class=\"_ _192\"> </span>Poziom produkcji niklu <span class=\"_ _3\"></span>w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni (tys.t)<span class=\"_ _192\"> </span>3,7<span class=\"_ _192\"> </span>Poziom produkcji z\u0142<span class=\"_ _3\"></span>ota w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni<span class=\"_ _192\"> </span>(tys. oz)<span class=\"_ _192\"> </span>14,1<span class=\"_ _192\"> </span>\u015arednia mar\u017ca <span class=\"_ _3\"></span>operacyjna w okresi<span class=\"_ _3\"></span>e \u017cycia kopalni<span class=\"_ _192\"> </span>7%<span class=\"_ _192\"> </span>Poziom nak\u0142ad\u00f3w inw<span class=\"_ _3\"></span>estycyjnych <span class=\"_ _3\"></span>do poniesienia w okresi<span class=\"_ _3\"></span>e \u017cycia kopalni  [mln USD]<span class=\"_ _192\"> </span>14,28<span class=\"_ _192\"> </span>Zastosowana stopa d<span class=\"_ _3\"></span>yskonta po opodatk<span class=\"_ _3\"></span>owaniu<span class=\"_ _192\"> </span>7,5%<span class=\"_ _192\"> </span>Koszty doprowadz<span class=\"_ _3\"></span>enia do zbycia<span class=\"_ _192\"> </span>2%<span class=\"_ _192\"> </span>Poziom hierarchii warto\u015bci godzi<span class=\"_ _3\"></span>wej do kt\u00f3rego zakla<span class=\"_ _3\"></span>syfikowano wycen\u0119 d<span class=\"_ _3\"></span>o warto\u015bci godziwej Poziom 3<span class=\"_ _192\"> </span>Kluczowe <span class=\"_ _54\"> </span>czynniki <span class=\"_ _5a\"> </span>zm<span class=\"_ _2\"></span>iany <span class=\"_ _54\"> </span>za\u0142o\u017ce\u0144 <span class=\"_ _54\"> </span>technic<span class=\"_ _3\"></span>zno-ekonomicz<span class=\"_ _3\"></span>nych <span class=\"_ _54\"> </span>przyj\u0119te <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>te\u015bcie <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>utrat\u0119 <span class=\"_ _54\"> </span>warto\u015bci<span class=\"_ _3\"></span> na 31 grudnia 202<span class=\"_ _3\"></span>1 r.<span class=\"ff2\"> </span>Sudbury  Zmniejszenie  wolumenu  produkcji  w  Mc<span class=\"_ _2\"></span>Creedy  oraz  Morrison/Levack,  skr\u00f3cenie  okresu  \u017cycia kopalni McCreedy d<span class=\"_ _3\"></span>o 2026 r. Wynik przeprowadz<span class=\"_ _3\"></span>onego testu na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia 202<span class=\"_ _3\"></span>1 r. przedstawia poni\u017csza <span class=\"_ _3\"></span>tabela: OWSP Segment (Cz\u0119\u015b\u0107 2) Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa* <span class=\"_ _49\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna Odpis <span class=\"_ _3\"></span>z<span class=\"_ _192\"> </span>tytu\u0142u utraty warto\u015bci mln USD<span class=\"_ _192\"> </span>mln PLN<span class=\"_ _192\"> </span>mln USD<span class=\"_ _192\"> </span>mln PLN<span class=\"_ _192\"> </span>mln USD<span class=\"_ _192\"> </span>mln PLN<span class=\"_ _192\"> </span>Sudbury KGHM INTERNATIONAL LTD. 41<span class=\"_ _192\"> </span>166<span class=\"_ _192\"> </span>0<span class=\"_ _192\"> </span>0<span class=\"_ _192\"> </span>41<span class=\"_ _192\"> </span>166<span class=\"_ _192\"> </span>* Warto\u015b\u0107 bilan<span class=\"_ _2\"></span>sowa aktyw<span class=\"_ _2\"></span>\u00f3w trwa\u0142<span class=\"_ _2\"></span>ych pomniejszo<span class=\"_ _2\"></span>na o rezerw\u0119<span class=\"_ _2\"></span> z tytu\u0142u przysz\u0142ych kosz<span class=\"_ _2\"></span>t\u00f3w likwid<span class=\"_ _2\"></span>acji kopal\u0144.<span class=\"_ _192\"> </span>W <span class=\"_ _0\"></span>wyniku <span class=\"_ _0\"></span>przeprowadzonego <span class=\"_ _53\"></span>testu <span class=\"_ _0\"></span>dokonano <span class=\"_ _0\"></span>utworzenia <span class=\"_ _0\"></span>odpisu <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>tytu\u0142u <span class=\"_ _0\"></span>utraty <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>aktyw\u00f3w <span class=\"_ _0\"></span>OWSP <span class=\"_ _0\"></span>Sudbury, <span class=\"_ _53\"></span>kt\u00f3ry uj\u0119to <span class=\"_ _74\"> </span>w  pozycjach<span class=\"_ _3\"></span>: <span class=\"_ _74\"> </span>\u201eKoszty  sprz<span class=\"_ _3\"></span>edanych <span class=\"_ _74\"> </span>produkt\u00f3w, <span class=\"_ _74\"> </span>towar\u00f3w <span class=\"_ _74\"> </span>i materia\u0142\u00f3w\u201d <span class=\"_ _74\"> </span>w  kwocie <span class=\"_ _74\"> </span>162 <span class=\"_ _74\"> </span>mln <span class=\"_ _74\"> </span>PLN<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>i  \u201ePozo<span class=\"_ _3\"></span>sta\u0142e  k<span class=\"_ _3\"></span>oszty operacyjne\u201d w <span class=\"_ _3\"></span>kwocie 4 mln PLN. Analiza <span class=\"_ _1\"> </span>wra\u017cliwo\u015bci <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>odzyskiwalnej <span class=\"_ _1\"> </span>OWSP <span class=\"_ _1\"> </span>S<span class=\"_ _2\"></span>udbury <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>nisk\u0105 <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>bilansow\u0105 <span class=\"_ _1\"> </span>aktyw\u00f3w <span class=\"_ _1\"> </span>nie zosta\u0142a przedstawiona. <span class=\"_ _3\"></span> Ze <span class=\"_ _53\"></span>wzgl\u0119du <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>fakt, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _53\"></span>kopalnie <span class=\"_ _0\"></span>Carlota <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>F<span class=\"_ _2\"></span>ranke <span class=\"_ _53\"></span>(aktywa <span class=\"_ _0\"></span>Grupy <span class=\"_ _53\"></span>KGHM <span class=\"_ _0\"></span>INTERNATIONA<span class=\"_ _3\"></span>L <span class=\"_ _53\"></span>L<span class=\"_ _2\"></span>TD.) <span class=\"_ _53\"></span>dnia <span class=\"_ _53\"></span>30 <span class=\"_ _0\"></span>czerwca <span class=\"_ _53\"></span>2021 r. zosta\u0142y <span class=\"_ _5a\"> </span>przeklasyfikowan<span class=\"_ _3\"></span>e <span class=\"_ _5a\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>aktyw\u00f3w <span class=\"_ _5a\"> </span>przeznaczonych <span class=\"_ _5a\"> </span>do <span class=\"_ _5a\"> </span>sprzeda\u017cy, <span class=\"_ _5a\"> </span>ich <span class=\"_ _5a\"> </span>uj\u0119cie <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>ksi\u0119gach <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>wyc<span class=\"_ _2\"></span>ena <span class=\"_ _5a\"> </span>na moment<span class=\"_ _3\"></span> przeklasyfikowania<span class=\"_ _3\"></span> oraz na dzie\u0144<span class=\"_ _3\"></span> 31 grudnia 20<span class=\"_ _3\"></span>21 r. zosta\u0142y dokonane zgod<span class=\"_ _3\"></span>nie z MSSF 5 (Nota 9.8<span class=\"_ _3\"></span>). OCENA UTRATY <span class=\"_ _3\"></span>WARTO\u015aCI PRAW DO WO<span class=\"_ _3\"></span>DY  W <span class=\"_ _0\"></span>Grupie <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>corocznie <span class=\"_ _53\"></span>testowane <span class=\"_ _0\"></span>pod <span class=\"_ _0\"></span>k\u0105tem <span class=\"_ _0\"></span>utraty <span class=\"_ _0\"></span>wa<span class=\"_ _3\"></span>rto\u015bci <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>prawa <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>wody <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>posi<span class=\"_ _2\"></span>adanych <span class=\"_ _53\"></span>\u017ar\u00f3de\u0142 <span class=\"_ _0\"></span>w Chile poprzez <span class=\"_ _57\"> </span>por\u00f3wnanie<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>ich <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _57\"> </span>bilansowej  do <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _57\"> </span>odzyskiwalnej,  kt\u00f3ra <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>ustalana  na <span class=\"_ _57\"> </span>podstawie <span class=\"_ _57\"> </span>warto\u015bci godziwej <span class=\"_ _53\"></span>pomniejszonej <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>koszty <span class=\"_ _53\"></span>zbycia. <span class=\"_ _53\"></span>Warto\u015b\u0107 <span class=\"_ _0\"></span>godziwa <span class=\"_ _53\"></span>uprawnie\u0144 <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>wody <span class=\"_ _0\"></span>jest <span class=\"_ _53\"></span>klasyfikowana<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>jako <span class=\"_ _53\"></span>pozycja <span class=\"_ _0\"></span>poziomu<span class=\"_ _3\"></span> 2 hierarchii  warto\u015bci  godziwej,  w <span class=\"_ _57\"> </span>kt\u00f3rej  po<span class=\"_ _2\"></span>miary  warto\u015bci  godziwej  s\u0105 <span class=\"_ _57\"> </span>oparte  na  i<span class=\"_ _2\"></span>stotnych  obserwowalnych  danych wej\u015bciowych innych <span class=\"_ _3\"></span>ni\u017c notowane ceny r<span class=\"_ _3\"></span>ynkowe. Za <span class=\"_ _53\"></span>rok <span class=\"_ _0\"></span>zako\u0144czony <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _53\"></span>dokona\u0142a <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>czynnik\u00f3w <span class=\"_ _0\"></span>wp\u0142ywaj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>odzyskiwaln\u0105 <span class=\"_ _53\"></span>aktywa i uzna\u0142a, \u017ce nie ma podstaw <span class=\"_ _2\"></span>do uj\u0119cia utraty warto\u015bci, poniewa\u017c zar\u00f3wno cena wody jak i o<span class=\"_ _2\"></span>szacowa<span class=\"_ _3\"></span>na ilo\u015b\u0107 <span class=\"_ _2\"></span>wody mo\u017cliwej<span class=\"_ _3\"></span> do wydobycia nie zmieni\u0142y si\u0119 w stosunku<span class=\"_ _3\"></span> do poziom\u00f3w tych czynnik\u00f3w  <span class=\"_ _3\"></span>przyj\u0119tych do wyceny na dzie\u0144 3<span class=\"_ _3\"></span>1 grudnia 2020 r. Warto\u015b\u0107 bilansowa <span class=\"_ _3\"></span>praw do wody <span class=\"_ _3\"></span>wynios\u0142a na dzie\u0144 31 grudn<span class=\"_ _3\"></span>ia 2021 <span class=\"_ _3\"></span>r. 67 mln PLN (na dzie\u0144 31<span class=\"_ _3\"></span>.12.2020 r. 6<span class=\"_ _3\"></span>5 mln PLN). TEST NA UTRAT\u0118 WAR<span class=\"_ _3\"></span>TO\u015aCI RZECZOWYCH <span class=\"_ _3\"></span>AKTYW\u00d3W TRWA\u0141<span class=\"_ _3\"></span>YCH WPEC w Legnicy <span class=\"_ _3\"></span>S.A. \u2013 Segment <span class=\"_ _3\"></span>\u2013 Pozosta\u0142e segmenty W <span class=\"_ _0\"></span>okresie <span class=\"_ _1\"> </span>bie\u017c\u0105cym, <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>zwi\u0105zku <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>wyst\u0105pieniem <span class=\"_ _1\"> </span>przes\u0142anek <span class=\"_ _0\"></span>wskazuj\u0105cych <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>mo\u017cliwo\u015b\u0107 <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"> </span>odzyskiwalnej rzeczowych <span class=\"_ _1\"> </span>aktyw\u00f3w <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>rwa\u0142ych <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>niematerialnych <span class=\"_ _1\"> </span>sp\u00f3\u0142ki <span class=\"_ _1\"> </span>WPEC <span class=\"_ _1\"> </span>S.A., <span class=\"_ _74\"> </span>Sp\u00f3\u0142ka <span class=\"_ _1\"> </span>przeprowadzi\u0142a <span class=\"_ _1\"> </span>testy <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>utrat\u0119 warto\u015bci <span class=\"_ _57\"> </span>tych <span class=\"_ _57\"> </span>aktyw\u00f3w. <span class=\"_ _57\"> </span>G\u0142\u00f3wnymi  przes\u0142ankami <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>przeprowadzenia <span class=\"_ _57\"> </span>testu <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>utrat\u0119 <span class=\"_ _57\"> </span>warto\u015bci  w <span class=\"_ _57\"> </span>bie<span class=\"_ _2\"></span>\u017c\u0105cym <span class=\"_ _57\"> </span>okresie<span class=\"_ _3\"></span> sprawozdawczym <span class=\"_ _2\"></span>by\u0142y <span class=\"_ _2\"></span>ujemne <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>niki <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>prowadzonej <span class=\"_ _53\"></span>podstawowej dzia\u0142alno\u015bci, <span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>otny <span class=\"_ _2\"></span>wzrost <span class=\"_ _2\"></span>cen <span class=\"_ _53\"></span>uprawnie\u0144 <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>misji CO<span class=\"_ _192\"> </span>2 o<span class=\"_ _2\"></span>raz ryzyko <span class=\"_ _2\"></span>wyd\u0142u\u017cenia procesu <span class=\"_ _2\"></span>inwestycyjneg<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>w \u017ar\u00f3d\u0142<span class=\"_ _2\"></span>o g<span class=\"_ _2\"></span>azowe w Legnicy. Warto\u015b\u0107 <span class=\"_ _2\"></span>bilansowa rzeczowych aktyw\u00f3w trwa\u0142ych oraz war<span class=\"_ _3\"></span>to\u015bci niematerialnych WPEC S.A. p<span class=\"_ _3\"></span>omniejszona o warto\u015b\u0107 bilansow\u0105 <span class=\"_ _3\"></span>dotacji oraz gruntu zlokalizowan<span class=\"_ _3\"></span>ego na <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>erenie <span class=\"_ _2\"></span>miasta <span class=\"_ _53\"></span>Lubin <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>o <span class=\"_ _2\"></span>warto\u015b\u0107<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>uprawnie\u0144 <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>emisji <span class=\"_ _2\"></span>CO<span class=\"_ _192\"> </span>2 <span class=\"_ _53\"></span>wynios\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _2\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>106 <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PLN.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>N<span class=\"_ _2\"></span>a potrzeby <span class=\"_ _67\"> </span>oszacowania <span class=\"_ _67\"> </span>war<span class=\"_ _3\"></span>to\u015bci <span class=\"_ _67\"> </span>odzyskiwalnej <span class=\"_ _67\"> </span>w przeprowa<span class=\"_ _3\"></span>dzonym <span class=\"_ _67\"> </span>te\u015bcie <span class=\"_ _67\"> </span>dokonano <span class=\"_ _67\"> </span>wy<span class=\"_ _3\"></span>ceny <span class=\"_ _67\"> </span>warto\u015bci <span class=\"_ _67\"> </span>godziwej pomniejszonej <span class=\"_ _55\"> </span>o <span class=\"_ _5e\"> </span>szaco<span class=\"_ _2\"></span>wane <span class=\"_ _55\"> </span>koszty <span class=\"_ _5e\"> </span>doprowadzenia <span class=\"_ _5e\"> </span>do <span class=\"_ _5e\"> </span>zbycia, <span class=\"_ _5e\"> </span>wykorzystuj\u0105c <span class=\"_ _5e\"> </span>podej\u015bcie <span class=\"_ _55\"> </span>dochodowe <span class=\"_ _5e\"> </span>tj. <span class=\"_ _5e\"> </span>metod\u0119 zdyskontowanych prz<span class=\"_ _3\"></span>ep\u0142yw\u00f3w pi<span class=\"_ _3\"></span>eni\u0119\u017cnych. Podstawowe za\u0142o<span class=\"_ _3\"></span>\u017cenia przyj\u0119te w <span class=\"_ _3\"></span>te\u015bcie na utrat\u0119 wart<span class=\"_ _3\"></span>o\u015bci Za\u0142o\u017cenie <span class=\"_ _4\"> </span>Poz<span class=\"_ _2\"></span>iom przyj<span class=\"_ _3\"></span>\u0119ty w te\u015bcie Okres prognozy szcz<span class=\"_ _3\"></span>eg\u00f3\u0142owej<span class=\"_ _192\"> </span>2022-2031<span class=\"_ _192\"> </span>Przedzia\u0142 mar\u017c<span class=\"_ _3\"></span>y operacyjnej w okresie pr<span class=\"_ _3\"></span>ognozy szczeg\u00f3\u0142owej -3,24% -  +3<span class=\"_ _3\"></span>,25% Poziom nak\u0142ad\u00f3w inw<span class=\"_ _3\"></span>estycyjnych <span class=\"_ _3\"></span>w okresie prognozy szczeg\u00f3\u0142owej 202 mln P<span class=\"_ _3\"></span>LN Stopa dyskonta<span class=\"_ _192\"> </span>3,86 % <span class=\"_ _3\"></span>(realna po opodatkowaniu)<span class=\"_ _192\"> </span>Stopa wzrostu po <span class=\"_ _3\"></span>okresie prognozy<span class=\"_ _192\"> </span>0%<span class=\"_ _192\"> </span>Warto\u015b\u0107 <span class=\"_ _67\"> </span>odzyskiwalna <span class=\"_ _5e\"> </span>poddanych <span class=\"_ _67\"> </span>testowi <span class=\"_ _67\"> </span>rzecz<span class=\"_ _3\"></span>owych <span class=\"_ _67\"> </span>aktyw\u00f3w <span class=\"_ _67\"> </span>trwa<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _67\"> </span>zosta\u0142a <span class=\"_ _67\"> </span>ustalo<span class=\"_ _3\"></span>na <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>oparciu <span class=\"_ _67\"> </span>o <span class=\"_ _67\"> </span>analiz<span class=\"_ _3\"></span>\u0119 zdyskontowanych  prognozowan<span class=\"_ _3\"></span>ych <span class=\"_ _57\"> </span>przep\u0142yw\u00f3w  pieni\u0119\u017cnych.  Jako <span class=\"_ _57\"> </span>okres  prognozy <span class=\"_ _57\"> </span>przyj\u0119t<span class=\"_ _3\"></span>o <span class=\"_ _57\"> </span>10  lat. <span class=\"_ _57\"> </span>Wyd\u0142u\u017cenie  okresu prognozy znajduje uzasadnienie przede wszystkim m.in. ze wzgl\u0119du na istotny i d\u0142ugoterminowy wp\u0142yw szacowanych zmian w otoczeniu regula<span class=\"_ _3\"></span>cyjnym oraz w celu pe<span class=\"_ _3\"></span>\u0142nego odzwierciedl<span class=\"_ _3\"></span>enia wp\u0142ywu planowanych na<span class=\"_ _3\"></span>k\u0142ad\u00f3w inwestyc<span class=\"_ _3\"></span>yjnych. Przyj\u0119ty <span class=\"_ _0\"></span>poziom <span class=\"_ _0\"></span>nak\u0142ad\u00f3w <span class=\"_ _0\"></span>inwestycyjny<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>okresie <span class=\"_ _0\"> </span>prognozy <span class=\"_ _0\"></span>dotyczy <span class=\"_ _0\"></span>g\u0142\u00f3wnie <span class=\"_ _0\"></span>realizacji <span class=\"_ _0\"></span>zadania <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>Modernizacja <span class=\"_ _0\"></span>systemu<span class=\"_ _3\"></span> zaopatrzenia w ci<span class=\"_ _3\"></span>ep\u0142o miasta Legnicy oraz<span class=\"_ _3\"></span> modernizacji si<span class=\"_ _3\"></span>eci ciep\u0142owniczych.<span class=\"_ _192\"> </span>Dla prognozy k<span class=\"_ _3\"></span>oszt\u00f3w na lata 2022 <span class=\"_ _3\"></span>\u2013 2031 istotny wp\u0142yw ma<span class=\"_ _3\"></span> zmiana technologii prac<span class=\"_ _3\"></span>y \u017ar\u00f3d\u0142a ciep\u0142<span class=\"_ _3\"></span>a w Legnicy pocz\u0105wszy <span class=\"_ _3\"></span>od roku 2024 oraz<span class=\"_ _3\"></span> redukcja ponoszonych<span class=\"_ _3\"></span> strat przesy\u0142owych, <span class=\"_ _3\"></span>a w szczeg\u00f3lno\u015bci<span class=\"_ _3\"></span>: \u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">redukcja <span class=\"_ _6c\"> </span>koszt\u00f3w <span class=\"_ _37\"> </span>surowc\u00f3w <span class=\"_ _37\"> </span>i <span class=\"_ _6c\"> </span>proces\u00f3w <span class=\"_ _37\"> </span>produkcyjnych <span class=\"_ _37\"> </span>gospodarki <span class=\"_ _37\"> </span>w\u0119glowej <span class=\"_ _37\"> </span>oraz <span class=\"_ _37\"> </span>zwi\u0105zanych  </span></span>z nimi bie\u017c\u0105cym utrz<span class=\"_ _3\"></span>ymaniem ruchu, <span class=\"_ _3\"></span>eksploatacj\u0105, remontami i a<span class=\"_ _3\"></span>wariami;  \u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">zmniejszenie wysoko\u015bci emisji C<span class=\"_ _3\"></span>O<span class=\"_ _192\"> </span></span></span>2 ok. 50 %; \u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">reo<span class=\"_ _2\"></span>rganiza<span class=\"_ _3\"></span>cja w obszarze zatrud<span class=\"_ _3\"></span>nienia w zwi\u0105zku z<span class=\"_ _3\"></span>e zmian\u0105 technologii na gaz<span class=\"_ _3\"></span>ow\u0105; </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">og<span class=\"_ _2\"></span>raniczenia <span class=\"_ _69\"> </span>strat <span class=\"_ _69\"> </span>cieplnych <span class=\"_ _69\"> </span>na <span class=\"_ _5d\"> </span>posiadanej <span class=\"_ _69\"> </span>infrastrukturze <span class=\"_ _69\"> </span>przesy\u0142owej <span class=\"_ _5d\"> </span>w<span class=\"_ _3\"></span>ynikaj\u0105ce <span class=\"_ _69\"> </span>z przeprowadzonych <span class=\"_ _3\"></span>    </span></span>modernizacji infrastruk<span class=\"_ _3\"></span>tury przesy\u0142ow<span class=\"_ _3\"></span>ej. Powy\u017csza <span class=\"_ _53\"></span>prognoza <span class=\"_ _53\"></span>uwzgl\u0119dnia <span class=\"_ _0\"></span>istotne <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>cen <span class=\"_ _0\"></span>uprawnie\u0144 <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>emisji <span class=\"_ _53\"></span>CO<span class=\"_ _192\"> </span>2 <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>medi\u00f3w <span class=\"_ _0\"></span>ener<span class=\"_ _3\"></span>getycznych <span class=\"_ _53\"></span>jakie <span class=\"_ _0\"></span>nast\u0105pi\u0142y<span class=\"_ _3\"></span> w ostatnim okresi<span class=\"_ _3\"></span>e. W <span class=\"_ _54\"> </span>konsekwencji <span class=\"_ _54\"> </span>p<span class=\"_ _3\"></span>owy\u017cszych <span class=\"_ _54\"> </span>za\u0142o\u017ce\u0144 <span class=\"_ _54\"> </span>i <span class=\"_ _54\"> </span>przy <span class=\"_ _54\"> </span>zachowani<span class=\"_ _3\"></span>u <span class=\"_ _54\"> </span>ostro\u017cno\u015bci <span class=\"_ _54\"> </span>szaco<span class=\"_ _3\"></span>wany <span class=\"_ _54\"> </span>poziom <span class=\"_ _54\"> </span>EBIT <span class=\"_ _5a\"> </span>wzro\u015bnie <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>okresie  2022- 20<span class=\"_ _3\"></span>32 z poziomu -5 mln PL<span class=\"_ _3\"></span>N do 8 mln PLN rocznie.<span class=\"_ _3\"></span> Warto\u015b\u0107 <span class=\"_ _2\"></span>EBIT w <span class=\"_ _53\"></span>2032 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kwocie<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>8 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>podstaw\u0105 <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>wyliczenia <span class=\"_ _2\"></span>wolnych <span class=\"_ _2\"></span>przep\u0142yw\u00f3w <span class=\"_ _2\"></span>pieni\u0119\u017cnych niezb\u0119dnych <span class=\"_ _2\"></span>do ustalenia warto\u015bci r<span class=\"_ _3\"></span>ezydualnej, kt\u00f3ra <span class=\"_ _3\"></span>jest szacowana na <span class=\"_ _3\"></span>115 mln PLN. W <span class=\"_ _59\"> </span>wyniku <span class=\"_ _57\"> </span>przeprowadz<span class=\"_ _3\"></span>onego <span class=\"_ _59\"> </span>testu <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>utrat\u0119 <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _59\"> </span>rzeczowych <span class=\"_ _57\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>trwa\u0142ych <span class=\"_ _59\"> </span>oraz<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _59\"> </span>n<span class=\"_ _3\"></span>iematerialnych<span class=\"_ _3\"></span> ustalono <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _0\"></span>odzyskiwaln\u0105 <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>poziomie <span class=\"_ _0\"></span>56 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN, <span class=\"_ _0\"></span>kt\u00f3ra <span class=\"_ _53\"></span>by\u0142a <span class=\"_ _0\"> </span>ni\u017csza <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>bilansowej <span class=\"_ _0\"></span>testowan<span class=\"_ _3\"></span>ych aktyw\u00f3w, <span class=\"_ _1\"> </span>co <span class=\"_ _1\"> </span>da\u0142o <span class=\"_ _1\"> </span>podstawy <span class=\"_ _1\"> </span>do <span class=\"_ _0\"></span>dokonania <span class=\"_ _1\"> </span>odpisu <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>utraty <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>kwocie <span class=\"_ _1\"> </span>50 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _0\"></span> <span class=\"_ _1\"> </span>kt\u00f3ry <span class=\"_ _74\"> </span>uj\u0119to <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>pozycji \u201eKoszty sprzedany<span class=\"_ _3\"></span>ch produkt\u00f3w i towar<span class=\"_ _3\"></span>\u00f3w\u201d. Wycena <span class=\"_ _0\"></span>aktyw\u00f3w <span class=\"_ _0\"></span>trwa\u0142ych <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>niematerialnych <span class=\"_ _0\"></span>sp\u00f3\u0142ki <span class=\"_ _0\"></span>wykazuje <span class=\"_ _0\"> </span>znaczn\u0105 <span class=\"_ _0\"> </span>wra\u017cliwo\u015b\u0107 <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>przyj\u0119te <span class=\"_ _1\"> </span>pozi<span class=\"_ _3\"></span>omy <span class=\"_ _1\"> </span>stopy<span class=\"_ _3\"></span> dyskonta <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>wyceny <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _57\"> </span>rezydualnej, <span class=\"_ _59\"> </span>kt\u00f3ra <span class=\"_ _57\"> </span>zosta\u0142a <span class=\"_ _59\"> </span>ustalona <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>oparciu <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>EBIT <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>2032 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>W <span class=\"_ _59\"> </span>poni\u017cszej <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>abeli przedstawiono wp\u0142<span class=\"_ _3\"></span>yw zmian tych par<span class=\"_ _3\"></span>ametr\u00f3w na wycen\u0119 aktyw<span class=\"_ _3\"></span>\u00f3w. Analiza wra\u017cliwo\u015bc<span class=\"_ _3\"></span>i warto\u015bci od<span class=\"_ _3\"></span>zyskiwalnej rzeczowych <span class=\"_ _3\"></span>aktyw\u00f3w trwa\u0142ych <span class=\"_ _3\"></span>i warto\u015bci niem<span class=\"_ _3\"></span>aterialnych WPEC w Legnicy S.A.  Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna przy stop<span class=\"_ _3\"></span>ie dyskonta  ni\u017cszej o 1 pkt %<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> <span class=\"_ _de\"> </span><span class=\"ff1 fc2\">wg testu<span class=\"fcd\"> <span class=\"_ _cd\"> </span></span>wy\u017cszej o 1 pkt %<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> </span></span></span>Stopa dyskonta 3,8<span class=\"_ _3\"></span>6 % (test)<span class=\"ff2 fc0\"> <span class=\"_ _df\"> </span><span class=\"ff1\">113 <span class=\"_ _96\"> </span>56 </span></span>23 <span class=\"_ _e0\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna przy EBIT w<span class=\"_ _3\"></span> okresie rezydualnym<span class=\"_ _3\"></span><span class=\"fc0\"> </span> <span class=\"_ _e1\"> </span>ni\u017cszym o 5 %<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> <span class=\"_ _d4\"> </span><span class=\"ff1 fc2\">wg testu<span class=\"fcd\"> <span class=\"_ _e2\"> </span></span>wy\u017cszym o 5 %<span class=\"_ _3\"></span><span class=\"fc0\"> </span></span></span>EBIT w okresie re<span class=\"_ _3\"></span>zydualnym 8 mln PLN ( t<span class=\"_ _3\"></span>est) <span class=\"_ _1a\"> </span><span class=\"fc0\">50 <span class=\"_ _e3\"> </span>56 </span>62<span class=\"_ _192\"> </span>Dla <span class=\"_ _5a\"> </span>potrzeb <span class=\"_ _54\"> </span>m<span class=\"_ _3\"></span>onitorowania <span class=\"_ _5a\"> </span>ryzyka <span class=\"_ _5a\"> </span>utraty <span class=\"_ _54\"> </span>warto<span class=\"_ _3\"></span>\u015bci <span class=\"_ _54\"> </span>ak<span class=\"_ _3\"></span>tyw\u00f3w <span class=\"_ _5a\"> </span>operacyjnych <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>kol<span class=\"_ _3\"></span>ejnych <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>kresach <span class=\"_ _5a\"> </span>sprawozdawczy<span class=\"_ _3\"></span>ch stwierdzono,  \u017ce  wart<span class=\"_ _3\"></span>o\u015b\u0107  odzyskiwalna  osi\u0105gn\u0119<span class=\"_ _3\"></span>\u0142aby  warto\u015b\u0107  r\u00f3wn\u0105  warto\u015bci  bilans<span class=\"_ _3\"></span>owej  aktyw\u00f3w  w  sytuacj<span class=\"_ _3\"></span>i,  gdy  stopa dyskonta spad\u0142aby o 0,<span class=\"_ _3\"></span>91 pkt % lub E<span class=\"_ _3\"></span>BIT wzr\u00f3s\u0142by o 43,2 <span class=\"_ _3\"></span>%. TEST NA UTRAT\u0118 WAR<span class=\"_ _3\"></span>TO\u015aCI RZECZOWYCH <span class=\"_ _3\"></span>AKTYW\u00d3W TRWA\u0141<span class=\"_ _3\"></span>YCH \u201eEnergetyka\u201d sp<span class=\"_ _3\"></span>. z o.o.\u2013 Segment \u2013 P<span class=\"_ _3\"></span>ozosta\u0142e segmenty W <span class=\"_ _0\"></span>okresie <span class=\"_ _1\"> </span>bie\u017c\u0105cym, <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>zwi\u0105zku <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>wyst\u0105pieniem <span class=\"_ _1\"> </span>przes\u0142anek <span class=\"_ _0\"></span>wskazuj\u0105cych <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>mo\u017cliwo\u015b\u0107 <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"> </span>odzyskiwalnej rzeczowych aktyw\u00f3w trwa<span class=\"_ _3\"></span>\u0142ych oraz war<span class=\"_ _3\"></span>to\u015bci niematerialnych sp\u00f3\u0142ki <span class=\"_ _3\"></span>\u201eEnergetyka\u201d sp. z o.o., Sp\u00f3\u0142ka przeprowadzi<span class=\"_ _3\"></span>\u0142a testy na utrat\u0119 <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _1\"> </span>tych <span class=\"_ _1\"> </span>aktyw\u00f3w. <span class=\"_ _1\"> </span>Kluczow\u0105 <span class=\"_ _1\"> </span>przes\u0142ank\u0105 <span class=\"_ _0\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>przeprowadzenia<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>testu <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>ut<span class=\"_ _2\"></span>rat\u0119 <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>bie\u017c\u0105cym <span class=\"_ _0\"></span>okresie sprawozdawczym <span class=\"_ _53\"></span>by\u0142y <span class=\"_ _0\"> </span>gorsze <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>oczekiwanych <span class=\"_ _0\"></span>wyniki <span class=\"_ _0\"></span>ekon<span class=\"_ _3\"></span>omiczne <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>istotny <span class=\"_ _0\"></span>wzrost <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _53\"></span>uprawnie\u0144 <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>emisji <span class=\"_ _0\"></span>CO<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>.<span class=\"fcb\"> </span>Warto\u015b\u0107 <span class=\"_ _53\"></span>bilansowa <span class=\"_ _2\"></span>testowanych <span class=\"_ _2\"></span>akty<span class=\"_ _2\"></span>w\u00f3w <span class=\"_ _2\"></span>trwa\u0142ych <span class=\"_ _53\"></span>\u201eEnergetyka\u201d <span class=\"_ _2\"></span>sp. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>o.o.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>nios\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>386 <span class=\"_ _53\"></span>mln<span class=\"_ _2\"></span> PLN. <span class=\"_ _2\"></span>N<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>potrzeby <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>szacowania <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dzyskiwaln<span class=\"_ _3\"></span>ej <span class=\"_ _53\"></span>w przeprowadz<span class=\"_ _3\"></span>onym <span class=\"_ _53\"></span>te\u015bcie <span class=\"_ _2\"></span>dokonano <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>u\u017cytkowej OWSP, wykorzystuj\u0105c p<span class=\"_ _3\"></span>odej\u015bcie doch<span class=\"_ _3\"></span>odowe tj. metod\u0119 zdy<span class=\"_ _3\"></span>skontowanych pr<span class=\"_ _3\"></span>zep\u0142yw\u00f3w pieni\u0119\u017cnyc<span class=\"_ _3\"></span>h. Podstawowe za\u0142o<span class=\"_ _3\"></span>\u017cenia przyj\u0119te w <span class=\"_ _3\"></span>te\u015bcie na utrat\u0119 wart<span class=\"_ _3\"></span>o\u015bci Za\u0142o\u017cenie <span class=\"_ _4\"> </span>Poz<span class=\"_ _2\"></span>iom przyj<span class=\"_ _3\"></span>\u0119ty w te\u015bcie Okres prognozy szcz<span class=\"_ _3\"></span>eg\u00f3\u0142owej<span class=\"_ _192\"> </span>2022-2031<span class=\"_ _192\"> </span>Przedzia\u0142 mar\u017c<span class=\"_ _3\"></span>y operacyjnej w okresie pr<span class=\"_ _3\"></span>ognozy szczeg\u00f3\u0142owej -0,43% -  +2<span class=\"_ _3\"></span>,07% Poziom nak\u0142ad\u00f3w inw<span class=\"_ _3\"></span>estycyjnych <span class=\"_ _3\"></span>w okresie prognozy szczeg\u00f3\u0142owej 313 mln P<span class=\"_ _3\"></span>LN Stopa dyskonta*<span class=\"_ _192\"> </span>3,80 % <span class=\"_ _3\"></span>(realna po opodatkowaniu)<span class=\"_ _192\"> </span>Stopa wzrostu po <span class=\"_ _3\"></span>okresie prognozy<span class=\"_ _192\"> </span>0%<span class=\"_ _192\"> </span>* <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>rezento<span class=\"_ _2\"></span>wane <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ane <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>opodatkowaniu<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>omimo <span class=\"_ _53\"></span>modelu <span class=\"_ _53\"></span>wyceny <span class=\"_ _53\"></span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _2\"></span>u\u017cyt<span class=\"_ _2\"></span>kowej. <span class=\"_ _53\"></span>Zastoso<span class=\"_ _2\"></span>wanie <span class=\"_ _53\"></span>danych <span class=\"_ _53\"></span>przed <span class=\"_ _53\"></span>opod<span class=\"_ _2\"></span>atkowaniem <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>wp\u0142ywa istotni<span class=\"_ _2\"></span>e na warto\u015b\u0107 od<span class=\"_ _2\"></span>zyskiwaln\u0105. Warto\u015b\u0107 <span class=\"_ _67\"> </span>odzyskiwalna <span class=\"_ _5e\"> </span>poddanych <span class=\"_ _67\"> </span>testowi <span class=\"_ _67\"> </span>rzecz<span class=\"_ _3\"></span>owych <span class=\"_ _67\"> </span>aktyw\u00f3w <span class=\"_ _67\"> </span>trwa<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _67\"> </span>zosta\u0142a <span class=\"_ _67\"> </span>ustalo<span class=\"_ _3\"></span>na <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>oparciu <span class=\"_ _67\"> </span>o <span class=\"_ _67\"> </span>analiz<span class=\"_ _3\"></span>\u0119 zdyskontowanych  prognozowan<span class=\"_ _3\"></span>ych <span class=\"_ _57\"> </span>przep\u0142yw\u00f3w  pieni\u0119\u017cnych.  Jako <span class=\"_ _57\"> </span>okres  prognozy <span class=\"_ _57\"> </span>przyj\u0119t<span class=\"_ _3\"></span>o <span class=\"_ _57\"> </span>10  lat. <span class=\"_ _57\"> </span>Wyd\u0142u\u017cenie  okresu prognozy <span class=\"_ _74\"> </span>znajduje <span class=\"_ _74\"> </span>uzasadnieni<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>przede <span class=\"_ _58\"> </span>wszystkim <span class=\"_ _74\"> </span>ze <span class=\"_ _74\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>istotny <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>d\u0142<span class=\"_ _2\"></span>ugoterminowy <span class=\"_ _1\"> </span>wp\u0142yw <span class=\"_ _74\"> </span>szacowanych <span class=\"_ _74\"> </span>zmian w otoczeniu  regulacyjnym.  Dodatkowo, <span class=\"_ _57\"> </span>w  o<span class=\"_ _2\"></span>kresie  szczeg\u00f3\u0142owej  prognozy <span class=\"_ _57\"> </span>konieczne  jest <span class=\"_ _57\"> </span>ukazanie  wp\u0142ywu <span class=\"_ _57\"> </span>dotychczas<span class=\"_ _3\"></span> poniesionych <span class=\"_ _0\"> </span>nak\u0142<span class=\"_ _2\"></span>ad\u00f3w <span class=\"_ _1\"> </span>inwesty<span class=\"_ _3\"></span>cyjnych, <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>zwi\u0119kszonych <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>pierwszym <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>kresie <span class=\"_ _1\"> </span>prognozy <span class=\"_ _1\"> </span>(lata <span class=\"_ _0\"> </span>2022/2023) <span class=\"_ _1\"> </span>oraz braku konieczno\u015bci <span class=\"_ _3\"></span>ponoszenia ich <span class=\"_ _3\"></span>w podobnej wysoko\u015bci <span class=\"_ _3\"></span>w kolejnych latach.<span class=\"_ _3\"></span> Podstaw\u0119 <span class=\"_ _5a\"> </span>opracowania <span class=\"_ _5a\"> </span>prognoz <span class=\"_ _5a\"> </span>przychod\u00f3w <span class=\"_ _54\"> </span>i <span class=\"_ _5a\"> </span>koszt\u00f3w <span class=\"_ _5a\"> </span>stanowi <span class=\"_ _5a\"> </span>zatwierdzony <span class=\"_ _5a\"> </span>bud\u017cet <span class=\"_ _54\"> </span>sp<span class=\"_ _3\"></span>\u00f3\u0142ki <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>lata <span class=\"_ _5a\"> </span>2022 <span class=\"_ _5a\"> </span>\u2013<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>2026 skorygowany <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>zwi\u0105zku <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>istotnymi <span class=\"_ _0\"></span>zmianami <span class=\"_ _53\"></span>cen <span class=\"_ _0\"></span>uprawnie\u0144 <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>emisji <span class=\"_ _0\"></span>CO<span class=\"_ _192\"> </span>2 <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>medi\u00f3w <span class=\"_ _0\"></span>energetycznych,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>jakie <span class=\"_ _0\"></span>nast\u0105pi\u0142y<span class=\"_ _3\"></span> w ostatnim okresi<span class=\"_ _3\"></span>e. Przyj\u0119ty poziom na<span class=\"_ _3\"></span>k\u0142ad\u00f3w inwestyc<span class=\"_ _3\"></span>yjnych w okresie progn<span class=\"_ _3\"></span>ozy dotyczy g\u0142\u00f3wnie za<span class=\"_ _3\"></span>da\u0144 modernizacyjnych i <span class=\"_ _3\"></span>odtworzeniowych. <span class=\"_ _3\"></span> W konsekwencji powy\u017cszych <span class=\"_ _2\"></span>za\u0142<span class=\"_ _3\"></span>o\u017ce\u0144 <span class=\"_ _2\"></span>i przy <span class=\"_ _2\"></span>zachowaniu ostro\u017cno\u015bci, szacowany poziom EBIT wzro\u015bnie w o<span class=\"_ _2\"></span>kresie 2022- 2024 z <span class=\"_ _2\"></span>poziomu <span class=\"_ _2\"></span>-3 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>17 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN, <span class=\"_ _2\"></span>natomiast <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>2032 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>EBIT <span class=\"_ _2\"></span>b\u0119dzie <span class=\"_ _2\"></span>kszta\u0142towa\u0142 <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>poziomie <span class=\"_ _2\"></span>16 mln PLN rocznie.  W <span class=\"_ _59\"> </span>wyniku <span class=\"_ _57\"> </span>przeprowadz<span class=\"_ _3\"></span>onego <span class=\"_ _59\"> </span>testu <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>utrat\u0119 <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _59\"> </span>rzeczowych <span class=\"_ _57\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>trwa\u0142ych <span class=\"_ _59\"> </span>oraz<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _59\"> </span>n<span class=\"_ _3\"></span>iematerialnych<span class=\"_ _3\"></span> ustalono <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>odzyskiwaln\u0105 <span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>stowanych <span class=\"_ _2\"></span>akty<span class=\"_ _2\"></span>w\u00f3w <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>poziomie <span class=\"_ _2\"></span>307 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _53\"></span>kt\u00f3ra <span class=\"_ _53\"></span>by\u0142a <span class=\"_ _53\"></span>ni\u017csza <span class=\"_ _53\"></span>od <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>bilansowe<span class=\"_ _3\"></span>j testowanych <span class=\"_ _65\"> </span>aktyw\u00f3w, <span class=\"_ _65\"> </span>co <span class=\"_ _65\"> </span>da\u0142o <span class=\"_ _24\"> </span>podstawy <span class=\"_ _65\"> </span>do <span class=\"_ _24\"> </span>dokona<span class=\"_ _3\"></span>nia <span class=\"_ _65\"> </span>o<span class=\"_ _2\"></span>dpisu <span class=\"_ _65\"> </span>z <span class=\"_ _65\"> </span>tytu\u0142u <span class=\"_ _24\"> </span>utraty <span class=\"_ _65\"> </span>warto\u015bci <span class=\"_ _65\"> </span>w <span class=\"_ _24\"> </span>kwocie 79 mln PLN, <span class=\"_ _3\"></span> kt\u00f3ry uj\u0119to w pozycji \u201eKoszt<span class=\"_ _3\"></span>y sprzedanych produk<span class=\"_ _3\"></span>t\u00f3w i towar\u00f3w\u201d<span class=\"_ _3\"></span>. Wycena <span class=\"_ _55\"> </span>testowanych <span class=\"_ _55\"> </span>aktyw\u00f3w <span class=\"_ _54\"> </span>trwa\u0142ych <span class=\"_ _5e\"> </span>wykazuje <span class=\"_ _54\"> </span>znaczn\u0105 <span class=\"_ _55\"> </span>wra\u017cliwo\u015b\u0107 <span class=\"_ _55\"> </span>na <span class=\"_ _55\"> </span>przyj\u0119te <span class=\"_ _5e\"> </span>poziomy <span class=\"_ _54\"> </span>st<span class=\"_ _2\"></span>opy <span class=\"_ _55\"> </span>dyskonta <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>raz umiarkowan\u0105 <span class=\"_ _5e\"> </span>wra\u017cliwo\u015b\u0107 <span class=\"_ _5e\"> </span>na <span class=\"_ _5e\"> </span>zmian\u0119 <span class=\"_ _5e\"> </span>EBIT <span class=\"_ _67\"> </span>b\u0119d\u0105<span class=\"_ _3\"></span>cej <span class=\"_ _67\"> </span>p<span class=\"_ _3\"></span>odstaw\u0105 <span class=\"_ _5e\"> </span>ustalenia <span class=\"_ _5e\"> </span>warto\u015bci <span class=\"_ _5e\"> </span>rezydualnej. <span class=\"_ _5e\"> </span>W <span class=\"_ _67\"> </span>poni\u017csz<span class=\"_ _3\"></span>ej <span class=\"_ _5e\"> </span>tabeli przedstawiono wp\u0142<span class=\"_ _3\"></span>yw zmian tych par<span class=\"_ _3\"></span>ametr\u00f3w na wycen\u0119 aktyw<span class=\"_ _3\"></span>\u00f3w. Analiza wra\u017cliwo\u015bc<span class=\"_ _3\"></span>i warto\u015bci od<span class=\"_ _3\"></span>zyskiwalnej rzeczowych <span class=\"_ _3\"></span>aktyw\u00f3w trwa\u0142ych <span class=\"_ _3\"></span>\u201eEnergetyka\u201d sp. <span class=\"_ _3\"></span>z o.o.  Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna przy stop<span class=\"_ _3\"></span>ie dyskonta  ni\u017cszej o 1 pkt %<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> <span class=\"_ _e4\"> </span><span class=\"ff1 fc2\">wg testu<span class=\"fcd\"> <span class=\"_ _e5\"> </span></span>wy\u017cszej o 1 pkt %<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> </span></span></span>Stopa dyskonta 3,8<span class=\"_ _3\"></span>0 % (test)<span class=\"ff2 fc0\"> <span class=\"_ _e6\"> </span><span class=\"ff1\">431 <span class=\"_ _9f\"> </span>307 </span></span>234 <span class=\"_ _47\"> </span>Warto\u015b\u0107 odzys<span class=\"_ _3\"></span>kiwalna przy EBI<span class=\"_ _3\"></span>T w okresie rezydualnym<span class=\"_ _3\"></span><span class=\"fc0\"> </span> <span class=\"_ _46\"> </span>ni\u017cszym <span class=\"_ _3\"></span>o 5 %<span class=\"ff2 fc0\"> <span class=\"_ _e7\"> </span></span>wg testu<span class=\"fcd\"> <span class=\"_ _7a\"> </span></span>wy\u017cszym<span class=\"_ _2\"></span> o 5 <span class=\"_ _3\"></span>%<span class=\"fc0\"> </span>EBIT w okresie re<span class=\"_ _3\"></span>zydualnym 16 <span class=\"_ _3\"></span>mln PLN ( test) <span class=\"_ _e8\"> </span><span class=\"fc0\">292 <span class=\"_ _9f\"> </span>307 </span>322<span class=\"_ _192\"> </span>Dla <span class=\"_ _5a\"> </span>potrzeb <span class=\"_ _54\"> </span>m<span class=\"_ _3\"></span>onitorowania <span class=\"_ _5a\"> </span>ryzyka <span class=\"_ _5a\"> </span>utraty <span class=\"_ _54\"> </span>warto<span class=\"_ _3\"></span>\u015bci <span class=\"_ _54\"> </span>ak<span class=\"_ _3\"></span>tyw\u00f3w <span class=\"_ _5a\"> </span>operacyjnych <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>kol<span class=\"_ _3\"></span>ejnych <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>kresach <span class=\"_ _5a\"> </span>sprawozdawczy<span class=\"_ _3\"></span>ch stwierdzono,  \u017ce  wart<span class=\"_ _3\"></span>o\u015b\u0107  odzyskiwalna  osi\u0105gn\u0119<span class=\"_ _3\"></span>\u0142aby  warto\u015b\u0107  r\u00f3wn\u0105  warto\u015bci  bilans<span class=\"_ _3\"></span>owej  aktyw\u00f3w  w  sytuacj<span class=\"_ _3\"></span>i,  gdy  stopa dyskonta spad\u0142aby o 0,<span class=\"_ _3\"></span>71 pkt % lub E<span class=\"_ _3\"></span>BIT wzr\u00f3s\u0142by o 26,3 <span class=\"_ _3\"></span>%. Pozosta\u0142e odpi<span class=\"_ _3\"></span>sy z tytu\u0142u utraty <span class=\"_ _3\"></span>warto\u015bci aktyw\u00f3w<span class=\"ff2 fc0\"> </span>Pozosta\u0142e odpisy z <span class=\"_ _3\"></span>tytu\u0142u utraty war<span class=\"_ _3\"></span>to\u015bci aktyw\u00f3w dotycz\u0105:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">\u015bro<span class=\"_ _2\"></span>dk\u00f3w trwa\u0142ych <span class=\"_ _3\"></span>i warto\u015bci nie<span class=\"_ _3\"></span>materialnych 49 mln <span class=\"_ _3\"></span>PLN,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">\u015bro<span class=\"_ _2\"></span>dk\u00f3w <span class=\"_ _57\"> </span>trwa\u0142ych  w <span class=\"_ _59\"> </span>b<span class=\"_ _3\"></span>udowie <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>pozosta\u0142ych <span class=\"_ _57\"> </span>warto\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _57\"> </span>niematerialnych  nieoddanych <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>u\u017cytkowania<span class=\"_ _3\"></span> </span></span>34 mln PLN, \u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">aktualizacji warto\u015bci zapas\u00f3w  4<span class=\"_ _3\"></span>7 mln PLN, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _35\"> </span><span class=\"ff2\">aktualizacji warto\u015bci nale\u017cno\u015bci 13<span class=\"_ _3\"></span> mln PLN. </span></span>Informacj\u0119 <span class=\"_ _67\"> </span>d<span class=\"_ _3\"></span>otycz\u0105c\u0105 <span class=\"_ _67\"> </span>miejsca<span class=\"_ _3\"></span> <span class=\"_ _67\"> </span>rozpoznania <span class=\"_ _5e\"> </span>odpis\u00f3w <span class=\"_ _67\"> </span>z <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _5e\"> </span>utraty <span class=\"_ _67\"> </span>warto\u015bci <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span>skonsolidowan<span class=\"_ _3\"></span>ym <span class=\"_ _67\"> </span>sprawozdaniu<span class=\"_ _3\"></span>  z wyniku prezentuje <span class=\"_ _3\"></span>Nota 4.4. Cz\u0119\u015b\u0107 4 - Noty obj<span class=\"_ _3\"></span>a\u015bniaj\u0105ce do sprawozd<span class=\"_ _3\"></span>ania z wyniku <span class=\"fc4\"> </span>Nota 4.1 Koszty wed<span class=\"_ _3\"></span>\u0142ug rodzaju od 01.01.202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>do 31.12.202<span class=\"_ _3\"></span>2 od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021 Nota 9.3 Amortyzacja \u015br<span class=\"_ _3\"></span>odk\u00f3w trwa\u0142ych i warto\u015bc<span class=\"_ _3\"></span>i niematerialnych 2 398<span class=\"_ _192\"> </span>2 254<span class=\"_ _192\"> </span>Nota 11.1 Koszty \u015bwiadcz<span class=\"_ _3\"></span>e\u0144 pracowniczych <span class=\"_ _3\"></span>   7 333<span class=\"_ _192\"> </span>6 443<span class=\"_ _192\"> </span>Zu\u017cycie materia\u0142<span class=\"_ _3\"></span>\u00f3w i energii, w tym: 15 876<span class=\"_ _192\"> </span>11 962<span class=\"_ _192\"> </span>wsady obce <span class=\"_ _e9\"> </span>8 859<span class=\"_ _192\"> </span>7 132<span class=\"_ _192\"> </span>Us\u0142ugi obce 2 604<span class=\"_ _192\"> </span>2 200<span class=\"_ _192\"> </span>Nota 5.2 Podatek od wy<span class=\"_ _3\"></span>dobycia niekt\u00f3rych <span class=\"_ _3\"></span>kopalin 3 046<span class=\"_ _192\"> </span>3 548<span class=\"_ _192\"> </span>Pozosta\u0142e podatki <span class=\"_ _3\"></span>i op\u0142aty  786 661<span class=\"_ _192\"> </span>Nota 4.4 Odwr\u00f3cenie odpi<span class=\"_ _3\"></span>s\u00f3w z tytu\u0142u utra<span class=\"_ _3\"></span>ty warto\u015bci rzeczowych <span class=\"_ _3\"></span>aktyw\u00f3w trwa\u0142ych i war<span class=\"_ _3\"></span>to\u015bci niematerialny<span class=\"_ _3\"></span>ch ( 3)<span class=\"_ _192\"> </span>( 42)<span class=\"_ _192\"> </span>Nota 4.4 Odwr\u00f3cenie odpi<span class=\"_ _3\"></span>s\u00f3w z tytu\u0142u utra<span class=\"_ _3\"></span>ty warto\u015bci zapas\u00f3w<span class=\"_ _3\"></span> ( 55)<span class=\"_ _192\"> </span>( 88)<span class=\"_ _192\"> </span>Koszty reklamy i w<span class=\"_ _3\"></span>ydatki reprezen<span class=\"_ _3\"></span>tacyjne  89 72<span class=\"_ _192\"> </span>Ubezpieczenia <span class=\"_ _3\"></span>maj\u0105tkowe i osobowe<span class=\"_ _3\"></span>  80 76<span class=\"_ _192\"> </span>Nota 4.4 Odpisy z tytu\u0142u u<span class=\"_ _3\"></span>traty warto\u015bci rz<span class=\"_ _3\"></span>eczowych aktyw\u00f3w trwa\u0142<span class=\"_ _3\"></span>ych i warto\u015bci niematerialnyc<span class=\"_ _3\"></span>h  83 340<span class=\"_ _192\"> </span>Nota 4.4 Odpisy z tytu\u0142u u<span class=\"_ _3\"></span>traty warto\u015bci za<span class=\"_ _3\"></span>pas\u00f3w  74 47<span class=\"_ _192\"> </span>Pozosta\u0142e kosz<span class=\"_ _3\"></span>ty  77 64<span class=\"_ _192\"> </span>Razem koszty r<span class=\"_ _3\"></span>odzajowe 32 388<span class=\"_ _192\"> </span>27 537<span class=\"_ _192\"> </span>Warto\u015b\u0107 sprzedany<span class=\"_ _3\"></span>ch towar\u00f3w i m<span class=\"_ _3\"></span>ateria\u0142\u00f3w (+)  792 790<span class=\"_ _192\"> </span>Zmiana sta<span class=\"_ _3\"></span>nu produkt\u00f3w, produ<span class=\"_ _3\"></span>kcji w toku  (+/-) (2 008)<span class=\"_ _192\"> </span>(1 544)<span class=\"_ _192\"> </span>Koszty wytworzen<span class=\"_ _3\"></span>ia produkt\u00f3w na<span class=\"_ _3\"></span> w\u0142asne potrzeby  Grupy Kapita\u0142<span class=\"_ _3\"></span>owej (-) * (1 669)<span class=\"_ _192\"> </span>(1 690)<span class=\"_ _192\"> </span>\u0141\u0105czne koszty<span class=\"_ _3\"></span> sprzedanych pr<span class=\"_ _3\"></span>odukt\u00f3w, towar\u00f3w i m<span class=\"_ _3\"></span>ateria\u0142\u00f3w, sprzeda\u017cy i <span class=\"_ _3\"></span>og\u00f3lnego zarz\u0105du, z <span class=\"_ _3\"></span>tego: 29 503<span class=\"_ _192\"> </span>25 093<span class=\"_ _192\"> </span>Koszty sprzedany<span class=\"_ _3\"></span>ch produkt\u00f3w, towar<span class=\"_ _3\"></span>\u00f3w i materia\u0142\u00f3w <span class=\"_ _ea\"> </span>27 541<span class=\"_ _192\"> </span>23 529<span class=\"_ _192\"> </span>Koszty sprzeda\u017cy <span class=\"_ _eb\"> </span> 560 450<span class=\"_ _192\"> </span>Koszty og\u00f3lne<span class=\"_ _3\"></span>go zarz\u0105du <span class=\"_ _ec\"> </span>1 402<span class=\"_ _192\"> </span>1 114                           *<span class=\"_ _2\"></span>  <span class=\"ff3\">Kwota  stanow<span class=\"_ _2\"></span>i  g\u0142\u00f3wnie  koszt  wytworzeni<span class=\"_ _2\"></span>a  maj\u0105tku  trwa\u0142ego  w  Grupie  Kapita\u0142<span class=\"_ _2\"></span>owej  \u2013  w  szczeg\u00f3lno\u015bci  koszty  usuw<span class=\"_ _2\"></span>ania  nak\u0142adu </span>                             <span class=\"_ _2\"></span>  w kopaln<span class=\"_ _2\"></span>iach odkrywko<span class=\"_ _2\"></span>wych<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span>Nota 4.2 Pozosta\u0142e <span class=\"_ _3\"></span>przychody i (koszty) <span class=\"_ _3\"></span>operacyjne od 01.01.202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>do 31.12.202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _192\"> </span>Nota 7.1 Przychody z tytu\u0142u i<span class=\"_ _3\"></span>nstrument\u00f3w pochodnych,<span class=\"_ _3\"></span> z tego:  270 383     wycena   109 208     realizacja   161 175<span class=\"_ _192\"> </span>Przychody z tytu\u0142u odse<span class=\"_ _3\"></span>tek obliczone z z<span class=\"_ _3\"></span>astosowaniem metody efektywnej stopy pro<span class=\"_ _3\"></span>centowej  54 1<span class=\"_ _192\"> </span>Nota 7.1 R\u00f3\u017cnice kursowe z<span class=\"_ _3\"></span> wyceny aktyw\u00f3w i zobowi\u0105za\u0144 <span class=\"_ _3\"></span> innych ni\u017c zad\u0142u\u017cen<span class=\"_ _3\"></span>ie  949 994<span class=\"_ _192\"> </span>Odwr\u00f3cenie strat z <span class=\"_ _3\"></span>tytu\u0142u utraty warto\u015bci <span class=\"_ _3\"></span>\u015brodk\u00f3w trwa\u0142ych <span class=\"_ _3\"></span> w budowie - 2<span class=\"_ _192\"> </span>Nota 4.4 <span class=\"_ _2\"></span> Odwr\u00f3cenie strat z <span class=\"_ _3\"></span>tytu\u0142u utraty warto\u015bci <span class=\"_ _3\"></span>instrument\u00f3w finansowych<span class=\"_ _3\"></span>  5 27<span class=\"_ _192\"> </span>Rozwi\u0105zanie rezerw   62 34<span class=\"_ _192\"> </span>Zysk ze zbycia warto\u015bci ni<span class=\"_ _3\"></span>ematerialnych<span class=\"_ _3\"></span>  134 1<span class=\"_ _192\"> </span>Zysk ze zbycia rzecz<span class=\"_ _3\"></span>owych aktyw\u00f3w trwa\u0142ych - 57<span class=\"_ _192\"> </span>Nota 9.8 <span class=\"_ _2\"></span> Zysk ze zbycia jednost<span class=\"_ _3\"></span>ek zale\u017cnych  180<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Otrzymane dotacje pa\u0144s<span class=\"_ _3\"></span>twowe   19 24<span class=\"_ _192\"> </span>Przychody z obs\u0142ugi akr<span class=\"_ _3\"></span>edytyw, gwarancji  28 66<span class=\"_ _192\"> </span>Otrzymane odszkodowan<span class=\"_ _3\"></span>ia, kary, grz<span class=\"_ _3\"></span>ywny  66 34<span class=\"_ _192\"> </span>Otrzymana rekompensa<span class=\"_ _3\"></span>ta z tytu\u0142u z<span class=\"_ _3\"></span>akupu energii elektrycznej z<span class=\"_ _3\"></span>a 2020 r<span class=\"_ _3\"></span>.<span class=\"_ _2\"></span> - 39<span class=\"_ _192\"> </span>Pozosta\u0142e  114 95<span class=\"_ _192\"> </span>Pozosta\u0142e przychod<span class=\"_ _3\"></span>y operacyjne razem<span class=\"_ _3\"></span> 1 881<span class=\"_ _192\"> </span>1 757<span class=\"_ _192\"> </span>Nota 7.1 Koszty z tytu\u0142u instrumen<span class=\"_ _3\"></span>t\u00f3w pochodnych,<span class=\"_ _3\"></span> z tego: ( 490)<span class=\"_ _192\"> </span>( 768)     wycena ( 116)<span class=\"_ _192\"> </span>( 141)     realizacja  ( 374)<span class=\"_ _192\"> </span>( 627)<span class=\"_ _192\"> </span>Nota 4.4 <span class=\"_ _2\"></span> Straty z tytu\u0142u utraty wart<span class=\"_ _3\"></span>o\u015bci instrument\u00f3w f<span class=\"_ _3\"></span>inansowych ( 5)<span class=\"_ _192\"> </span>( 13)<span class=\"_ _192\"> </span>Straty z tytu\u0142u zmian <span class=\"_ _3\"></span>warto\u015bci godziwej aktyw\u00f3w <span class=\"_ _3\"></span>finansowych ( 58)<span class=\"_ _192\"> </span>( 39)<span class=\"_ _192\"> </span>Nota 4.4 Straty z tytu\u0142u utraty wart<span class=\"_ _3\"></span>o\u015bci \u015brodk\u00f3w trwa\u0142ych w<span class=\"_ _3\"></span> budowie oraz warto\u015bci niematerialnych <span class=\"_ _3\"></span>nieoddanych do u\u017cytko<span class=\"_ _3\"></span>wania ( 64)<span class=\"_ _192\"> </span>( 38)<span class=\"_ _192\"> </span>Utworzenie rezerw ( 27)<span class=\"_ _192\"> </span>( 88)<span class=\"_ _192\"> </span>Przekazane wsparcie finans<span class=\"_ _3\"></span>owe dla gmin<span class=\"_ _3\"></span> ( 100)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Straty ze zbycia rzecz<span class=\"_ _3\"></span>owych aktyw\u00f3w trwa<span class=\"_ _3\"></span>\u0142ych ( 26)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Darowizny przekazane<span class=\"_ _3\"></span> ( 55)<span class=\"_ _192\"> </span>( 33)<span class=\"_ _192\"> </span>Pozosta\u0142e ( 94)<span class=\"_ _192\"> </span>( 67)<span class=\"_ _192\"> </span>Pozosta\u0142e koszty op<span class=\"_ _3\"></span>eracyjne razem ( 919)<span class=\"_ _192\"> </span>(1 046)<span class=\"_ _192\"> </span>Pozosta\u0142e przychod<span class=\"_ _3\"></span>y i (koszty) oper<span class=\"_ _3\"></span>acyjne  962 711<span class=\"_ _192\"> </span>Nota 4.3 Przychod<span class=\"_ _3\"></span>y i (koszty) finans<span class=\"_ _3\"></span>owe od 01.01.202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>do 31.12.202<span class=\"_ _3\"></span>2 od 01.01.202<span class=\"_ _3\"></span>1<span class=\"_ _192\"> </span>do 31.12.202<span class=\"_ _3\"></span>1 Nota 7.1 Przychody z tytu<span class=\"_ _3\"></span>\u0142u instrument\u00f3w<span class=\"_ _3\"></span> pochodnych - realizacja <span class=\"_ _3\"></span>  130 70<span class=\"_ _192\"> </span>Skutek rozlicz<span class=\"_ _3\"></span>enia transakcji zab<span class=\"_ _3\"></span>ezpieczaj\u0105cej ryzyko procen<span class=\"_ _3\"></span>towe w zwi\u0105z<span class=\"_ _3\"></span>ku z emisj\u0105 obligacji ze zmiennym<span class=\"_ _3\"></span> oprocentowaniem  18<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Przychody finan<span class=\"_ _3\"></span>sowe razem  148 70<span class=\"_ _192\"> </span>Nota 7.1 Odsetki od zad\u0142u\u017c<span class=\"_ _3\"></span>enia, w tym: ( 18)<span class=\"_ _192\"> </span>( 94)   z<span class=\"_ _3\"></span> tytu\u0142u leasingu ( 9)<span class=\"_ _192\"> </span>( 13)<span class=\"_ _192\"> </span>Skutek odwracania <span class=\"_ _3\"></span>dyskonta rezer<span class=\"_ _3\"></span>w ( 21)<span class=\"_ _192\"> </span>( 15)<span class=\"_ _192\"> </span>Op\u0142aty i prowizj<span class=\"_ _3\"></span>e bankowe od zaci\u0105gn<span class=\"_ _3\"></span>i\u0119tych kredyt\u00f3w i<span class=\"_ _3\"></span> po\u017cyczek ( 29)<span class=\"_ _192\"> </span>( 25)<span class=\"_ _192\"> </span>Nota 7.1 Koszty z <span class=\"_ _3\"></span>tytu\u0142u instrument\u00f3w pochodn<span class=\"_ _3\"></span>ych, z tego: ( 149)<span class=\"_ _192\"> </span>( 80)     wycena  -<span class=\"_ _192\"> </span>( 1)     realizacja <span class=\"_ _3\"></span> ( 149)<span class=\"_ _192\"> </span>( 79)<span class=\"_ _192\"> </span>Nota 7.1 R\u00f3\u017cnice kurs<span class=\"_ _3\"></span>owe z wyceny i realiz<span class=\"_ _3\"></span>acji zobowi\u0105za\u0144 z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia ( 179)<span class=\"_ _192\"> </span>( 299)<span class=\"_ _192\"> </span>Pozosta\u0142e ( 24)<span class=\"_ _192\"> </span>( 28)<span class=\"_ _192\"> </span>Koszty finansow<span class=\"_ _3\"></span>e razem ( 420)<span class=\"_ _192\"> </span>( 541)<span class=\"_ _192\"> </span>Przychody i<span class=\"_ _3\"></span> (koszty) finansowe ( 272)<span class=\"_ _192\"> </span>( 471)<span class=\"_ _192\"> </span>Nota 4.4 Odwr\u00f3cenie s<span class=\"_ _3\"></span>trat i (straty) z tytu\u0142u <span class=\"_ _3\"></span>utraty warto\u015bc<span class=\"_ _3\"></span>i uj\u0119te w sprawozdaniu <span class=\"_ _3\"></span>z wynik<span class=\"_ _3\"></span>u od 01.01.202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>do 31.12.202<span class=\"_ _3\"></span>2 od 01.01.202<span class=\"_ _3\"></span>1<span class=\"_ _192\"> </span>do 31.12.202<span class=\"_ _3\"></span>1 Odwr\u00f3cenie str<span class=\"_ _3\"></span>at z tytu\u0142u utraty w<span class=\"_ _3\"></span>arto\u015bci aktyw\u00f3w rozp<span class=\"_ _3\"></span>oznane w:  kosztach sprzed<span class=\"_ _3\"></span>anych produkt<span class=\"_ _3\"></span>\u00f3w, towar\u00f3w i  materi<span class=\"_ _3\"></span>a\u0142\u00f3w, z tego:  58 130<span class=\"_ _192\"> </span>Nota 4.1        akt<span class=\"_ _3\"></span>ualizacja warto\u015bci rzeczowych aktyw<span class=\"_ _3\"></span>\u00f3w trwa\u0142ych i warto\u015b<span class=\"_ _3\"></span>ci         ni<span class=\"_ _3\"></span>ematerialnych  3 42       akt<span class=\"_ _3\"></span>ualizacja warto\u015bci zapas\u00f3w  55 88<span class=\"_ _192\"> </span>Nota 6.2  pozycji zysk <span class=\"_ _3\"></span>z tytu\u0142u odwr\u00f3cenia <span class=\"_ _3\"></span>utraty warto\u015bci p<span class=\"_ _3\"></span>o\u017cyczek   udzielonych wsp\u00f3l<span class=\"_ _3\"></span>nemu przedsi<span class=\"_ _3\"></span>\u0119wzi\u0119ciu  873<span class=\"_ _192\"> </span>2 380 pozosta\u0142ych pr<span class=\"_ _3\"></span>zychodach ope<span class=\"_ _3\"></span>racyjnych, z tego:  5 32       akt<span class=\"_ _3\"></span>ualizacja warto\u015bci \u015brodk\u00f3w tr<span class=\"_ _3\"></span>wa\u0142ych w budowie - 2<span class=\"_ _192\"> </span>Nota 4.2        akt<span class=\"_ _3\"></span>ualizacja warto\u015bci nale\u017cno\u015bci<span class=\"_ _3\"></span> od odbiorc\u00f3w  2 8<span class=\"_ _192\"> </span>Nota 4.2        akt<span class=\"_ _3\"></span>ualizacja warto\u015bci pozosta\u0142ych nal<span class=\"_ _3\"></span>e\u017cno\u015bci finansowych<span class=\"_ _3\"></span>  3 19       akt<span class=\"_ _3\"></span>ualizacja warto\u015bci pozosta\u0142ych nal<span class=\"_ _3\"></span>e\u017cno\u015bci niefinansowych<span class=\"_ _3\"></span> - 3<span class=\"_ _192\"> </span>Razem odwr\u00f3ceni<span class=\"_ _3\"></span>e strat  936<span class=\"_ _192\"> </span>2 542<span class=\"_ _192\"> </span>Straty z tytu\u0142u utr<span class=\"_ _3\"></span>aty warto\u015bci aktyw<span class=\"_ _3\"></span>\u00f3w rozpoznane w:<span class=\"_ _3\"></span>  kosztach sprzed<span class=\"_ _3\"></span>anych produkt<span class=\"_ _3\"></span>\u00f3w, towar\u00f3w i  materi<span class=\"_ _3\"></span>a\u0142\u00f3w, z tego: ( 157)<span class=\"_ _192\"> </span>( 387)<span class=\"_ _192\"> </span>Nota 4.1 aktualizacja war<span class=\"_ _3\"></span>to\u015bci<span class=\"_ _2\"></span> rzeczow<span class=\"_ _3\"></span>ych aktyw\u00f3w trwa\u0142ych i<span class=\"_ _3\"></span> warto\u015bci       ni<span class=\"_ _3\"></span>ematerialnych ( 83)<span class=\"_ _192\"> </span>( 340)       akt<span class=\"_ _3\"></span>ualizacja warto\u015bci zapas\u00f3w ( 74)<span class=\"_ _192\"> </span>( 47) pozosta\u0142ych koszta<span class=\"_ _3\"></span>ch operacyj<span class=\"_ _3\"></span>nych, z tego: ( 73)<span class=\"_ _192\"> </span>( 51)<span class=\"_ _192\"> </span>Nota 4.2       ak<span class=\"_ _3\"></span>tualizacja warto\u015bci \u015brodk\u00f3w trwa<span class=\"_ _3\"></span>\u0142ych w budowie i warto<span class=\"_ _3\"></span>\u015bci        niematerialnych <span class=\"_ _3\"></span>nieoddanych <span class=\"_ _3\"></span>do u\u017cytkowania ( 64)<span class=\"_ _192\"> </span>( 38)      ak<span class=\"_ _3\"></span>tualizacja warto\u015bci nale\u017cno\u015bci <span class=\"_ _3\"></span>niefinansowych ( 4)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 4.2       ak<span class=\"_ _3\"></span>tualizacja  warto\u015bci nale\u017cno\u015bci<span class=\"_ _3\"></span> od odbiorc\u00f3w  ( 4)<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>Nota 4.2       ak<span class=\"_ _3\"></span>tualizacja warto\u015bci pozosta\u0142ych nale\u017cn<span class=\"_ _3\"></span>o\u015bci finansowych ( 1)<span class=\"_ _192\"> </span>( 8)<span class=\"_ _192\"> </span>Razem straty<span class=\"_ _3\"></span> ( 230)<span class=\"_ _192\"> </span>( 438)<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 5 - Opodatko<span class=\"_ _3\"></span>wanie Nota 5.1 Podatek d<span class=\"_ _3\"></span>ochodowy w skonsolid<span class=\"_ _3\"></span>owanym sprawozd<span class=\"_ _3\"></span>aniu z wyniku Zasady rachunkowo\u015bci<span class=\"_ _3\"></span> Podatek dochodow<span class=\"_ _3\"></span>y uj\u0119ty w wyniku finanso<span class=\"_ _3\"></span>wym obejmuje podatek <span class=\"_ _3\"></span>bie\u017c\u0105cy oraz podatek <span class=\"_ _3\"></span>odroczony. Podatek bie\u017c\u0105cy wyliczan<span class=\"_ _3\"></span>y jest zgodni<span class=\"_ _3\"></span>e z aktualnym prawem p<span class=\"_ _3\"></span>odatkowym.  W <span class=\"_ _0\"></span>dniu <span class=\"_ _53\"></span>6 <span class=\"_ _0\"></span>pa\u017adziernika <span class=\"_ _53\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _53\"></span>p<span class=\"_ _2\"></span>odpisano <span class=\"_ _0\"></span>um<span class=\"_ _3\"></span>ow\u0119 <span class=\"_ _0\"></span>przed\u0142u\u017caj\u0105c\u0105<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>okres <span class=\"_ _0\"></span>funkcjonowania <span class=\"_ _53\"></span>Podatkowej <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>\u201ePGK KGHM <span class=\"_ _74\"> </span>II\u201d  na <span class=\"_ _1\"> </span>3  k<span class=\"_ _3\"></span>olejne  la<span class=\"_ _3\"></span>ta <span class=\"_ _74\"> </span>podatkowe, <span class=\"_ _74\"> </span>tj. <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>2024 <span class=\"_ _1\"> </span>r.  Jest <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>o  dr<span class=\"_ _3\"></span>uga <span class=\"_ _74\"> </span>Podatkowa <span class=\"_ _1\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _74\"> </span>Kapita\u0142owa <span class=\"_ _74\"> </span>utworzona<span class=\"_ _3\"></span> w ramach <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _53\"></span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _0\"></span>Podatkowa <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>Kapi<span class=\"_ _2\"></span>ta\u0142owa <span class=\"_ _53\"></span>\u201ePGK <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>I\u201d <span class=\"_ _53\"></span>funkcjonowa\u0142a <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>l<span class=\"_ _2\"></span>atach<span class=\"_ _3\"></span> 2016-2018.  Realne <span class=\"_ _57\"> </span>korzy\u015bci  odnotowane  w <span class=\"_ _57\"> </span>okresie <span class=\"_ _57\"> </span>funk<span class=\"_ _3\"></span>cjonowania  pier<span class=\"_ _2\"></span>wszej   PGK <span class=\"_ _57\"> </span>KGHM,  w <span class=\"_ _57\"> </span>tym  mo\u017cliwo\u015b\u0107 <span class=\"_ _57\"> </span>bie\u017c\u0105ceg<span class=\"_ _3\"></span>o wykorzystywania <span class=\"_ _59\"> </span>strat <span class=\"_ _59\"> </span>generowanych <span class=\"_ _5a\"> </span>przez <span class=\"_ _59\"> </span>cz\u0119\u015b\u0107 <span class=\"_ _59\"> </span>sp\u00f3\u0142ek <span class=\"_ _59\"> </span>wchodz\u0105cych <span class=\"_ _5a\"> </span>w <span class=\"_ _59\"> </span>sk\u0142ad <span class=\"_ _5a\"> </span>PG<span class=\"_ _3\"></span>K <span class=\"_ _5a\"> </span>do <span class=\"_ _59\"> </span>rozliczania <span class=\"_ _59\"> </span>ic<span class=\"_ _2\"></span>h <span class=\"_ _59\"> </span>z <span class=\"_ _5a\"> </span>dochodam<span class=\"_ _3\"></span>i pozosta\u0142ych <span class=\"_ _1\"> </span>sp\u00f3\u0142ek <span class=\"_ _0\"></span>or<span class=\"_ _2\"></span>az <span class=\"_ _0\"> </span>pozytywny <span class=\"_ _1\"> </span>wynik <span class=\"_ _1\"> </span>analizy <span class=\"_ _1\"> </span>sp\u00f3\u0142ek <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>pod <span class=\"_ _1\"> </span>k\u0105tem <span class=\"_ _1\"> </span>spe\u0142nienia <span class=\"_ _1\"> </span>prz<span class=\"_ _3\"></span>es\u0142anek <span class=\"_ _1\"> </span>wskazanych <span class=\"_ _0\"> </span>w ustawie o podatku <span class=\"_ _53\"></span>dochodowym <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>os\u00f3b <span class=\"_ _0\"></span>prawn<span class=\"_ _3\"></span>ych <span class=\"_ _0\"></span>stanowi\u0142y <span class=\"_ _53\"></span>podstaw\u0119 <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span> utworzenia <span class=\"_ _0\"></span>nowej <span class=\"_ _53\"></span>podatkowej <span class=\"_ _53\"></span>grupy <span class=\"_ _53\"></span>kapita\u0142owej <span class=\"_ _53\"></span>\u2013 <span class=\"_ _0\"></span>PGK KGHM II. W sk\u0142ad PGK KGHM II wch<span class=\"_ _3\"></span>odz\u0105:  1)      KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. 2)      Energetyka <span class=\"_ _3\"></span>sp. z o.o. 3)      Zag\u0142\u0119bie Lubin <span class=\"_ _3\"></span>S.A. 4)      Miedziowe C<span class=\"_ _3\"></span>entrum Zdrowia S.A. 5)      KGHM CUPRU<span class=\"_ _3\"></span>M sp. z o.o. \u2013 Centrum <span class=\"_ _3\"></span>Badawczo-Rozwojow<span class=\"_ _3\"></span>e 6)      INOVA Centrum <span class=\"_ _3\"></span>Innowacji Techniczn<span class=\"_ _3\"></span>ych sp. z o.o. 7)      PeBeKa S.A. 8)      KGHM ZA<span class=\"_ _3\"></span>NAM S.A. 9)      POL-MIED\u0179 TR<span class=\"_ _3\"></span>ANS Sp. z o.o<span class=\"_ _3\"></span>.      10)   Mercus Logis<span class=\"_ _3\"></span>tyka sp. z o.o. 11)   KGHM Metraco <span class=\"_ _3\"></span>S.A. 12)   Sp\u00f3\u0142ki celowe: <span class=\"_ _3\"></span>Future 1 Sp. z o.o., Future 3 <span class=\"_ _3\"></span>Sp. z o.o., Futur<span class=\"_ _3\"></span>e 4 Sp. z o.o., Future 5 Sp. z <span class=\"_ _3\"></span>o.o.  13)   KGHM C<span class=\"_ _3\"></span>ent<span class=\"_ _2\"></span>rum Anal<span class=\"_ _3\"></span>ityki Sp. z o.o. 14)   Centrum B<span class=\"_ _3\"></span>ada\u0144 Jako\u015bci Sp. z <span class=\"_ _3\"></span>o.o<span class=\"_ _2\"></span>. 15)   BIPRO<span class=\"_ _3\"></span>MET S.A. Podatek dochodowy<span class=\"_ _3\"></span> od 01.01.202<span class=\"_ _3\"></span>2 do 31.12.202<span class=\"_ _3\"></span>2 od 01.01.202<span class=\"_ _3\"></span>1 do 31.12.202<span class=\"_ _3\"></span>1 Podatek bie\u017c\u0105c<span class=\"_ _3\"></span>y 1 369<span class=\"_ _192\"> </span>1 564<span class=\"_ _192\"> </span>Nota 5.1.1<span class=\"_ _2\"></span> Podatek odrocz<span class=\"_ _3\"></span>ony   315 124<span class=\"_ _192\"> </span>Korekty podatku za <span class=\"_ _3\"></span>poprzednie okresy<span class=\"_ _3\"></span>  31<span class=\"_ _192\"> </span>( 19)<span class=\"_ _192\"> </span>Podatek dochod<span class=\"_ _3\"></span>owy 1 715<span class=\"_ _192\"> </span>1 669<span class=\"_ _192\"> </span>Jednostki  Grupy <span class=\"_ _57\"> </span>Kap<span class=\"_ _3\"></span>ita\u0142owej  zap\u0142aci\u0142y <span class=\"_ _57\"> </span>w  2022  r. <span class=\"_ _57\"> </span>do  w\u0142a\u015bciwych  urz\u0119d\u00f3w <span class=\"_ _57\"> </span>skar<span class=\"_ _3\"></span>bowych  po<span class=\"_ _2\"></span>datek  dochodowy  w  wysoko\u015bci  1 696 ml<span class=\"_ _3\"></span>n PLN (w 2021 r. 740 m<span class=\"_ _3\"></span>ln PLN).<span class=\"_ _192\"> </span>W <span class=\"_ _1\"> </span>tabel<span class=\"_ _2\"></span>i <span class=\"_ _1\"> </span>poni\u017cej <span class=\"_ _1\"> </span>zaprezentowano <span class=\"_ _1\"> </span>identyfikacj\u0119 <span class=\"_ _1\"> </span>r\u00f3\u017cnic <span class=\"_ _1\"> </span>pomi\u0119dzy <span class=\"_ _1\"> </span>podatkiem <span class=\"_ _1\"> </span>dochodowym <span class=\"_ _1\"> </span>od <span class=\"_ _1\"> </span>zy<span class=\"_ _2\"></span>sku <span class=\"_ _1\"> </span>przed <span class=\"_ _1\"> </span>opodatkowaniem Grupy a podatkiem dochodow<span class=\"_ _3\"></span>ym, ja<span class=\"_ _3\"></span>ki mo\u017cna uzyska\u0107 stosuj\u0105c stawk<span class=\"_ _3\"></span>\u0119 wynikaj\u0105c\u0105 z miejsca <span class=\"_ _3\"></span>rozliczania podatku przez J<span class=\"_ _3\"></span>ednostk\u0119 Dominuj\u0105c\u0105: Uzgodnienie efe<span class=\"_ _3\"></span>ktywnej stawki p<span class=\"_ _3\"></span>odatkowej od 01.01.202<span class=\"_ _3\"></span>2  do 31.12.202<span class=\"_ _3\"></span>2 od 01.01.202<span class=\"_ _3\"></span>1  do 31.12.202<span class=\"_ _3\"></span>1 Zysk przed opod<span class=\"_ _3\"></span>atkowaniem (brutt<span class=\"_ _3\"></span>o) 6 489<span class=\"_ _192\"> </span>7 824<span class=\"_ _192\"> </span>Podatek wylic<span class=\"_ _3\"></span>zony wg stawki Jednost<span class=\"_ _3\"></span>ki Dominuj\u0105cej (2022: 19 %,<span class=\"_ _3\"></span> 2021: 19%) 1 233<span class=\"_ _192\"> </span>1 487<span class=\"_ _192\"> </span>Skutek stosowania <span class=\"_ _3\"></span>innych stawek podatk<span class=\"_ _3\"></span>owych za granic\u0105 ( 26) 118<span class=\"_ _192\"> </span>Efekty podatkowe prz<span class=\"_ _3\"></span>ychod\u00f3w ksi\u0119gowych, <span class=\"_ _3\"></span>kt\u00f3re nie podlegaj\u0105 opodatkowaniu ( 6)<span class=\"_ _192\"> </span>( 19)<span class=\"_ _192\"> </span>Efekty podatkowe k<span class=\"_ _3\"></span>oszt\u00f3w ksi\u0119gowych, <span class=\"_ _3\"></span>kt\u00f3re nie stanowi\u0105 koszt<span class=\"_ _3\"></span>\u00f3w uzyskania przychod\u00f3w, w tym:  713 798<span class=\"_ _192\"> </span>podatek od wydobyci<span class=\"_ _192\"> </span>a niekt\u00f3rych k<span class=\"_ _3\"></span>opalin       niestanowi\u0105cy kosz<span class=\"_ _3\"></span>t\u00f3w uzyskania <span class=\"_ _3\"></span>przychod\u00f3w  600 674<span class=\"_ _192\"> </span>Ujemne r\u00f3\u017cnice prz<span class=\"_ _3\"></span>ej\u015bciowe, od kt\u00f3rych ni<span class=\"_ _3\"></span>e rozpoznano aktyw\u00f3w<span class=\"_ _3\"></span> z tytu\u0142u podatku do<span class=\"_ _3\"></span>chodowego  2 10<span class=\"_ _192\"> </span>Wykorzystanie w okre<span class=\"_ _3\"></span>sie uprzednio n<span class=\"_ _3\"></span>ierozpoznanych strat poda<span class=\"_ _3\"></span>tkowych ( 287)<span class=\"_ _192\"> </span>( 590)<span class=\"_ _192\"> </span>Korekty bie\u017c\u0105cego pod<span class=\"_ _3\"></span>atku dochodowego z<span class=\"_ _3\"></span>a poprzednie okresy<span class=\"_ _3\"></span>  31<span class=\"_ _192\"> </span>( 19)<span class=\"_ _192\"> </span>Straty i ulgi w okresie, o<span class=\"_ _3\"></span>d kt\u00f3rych nie rozpoznan<span class=\"_ _3\"></span>o aktyw\u00f3w z tytu<span class=\"_ _3\"></span>\u0142u podatku odroczonego  160 5<span class=\"_ _192\"> </span>Podatek odrocz<span class=\"_ _3\"></span>ony od wyeliminowany<span class=\"_ _3\"></span>ch odsetek od po\u017cyczek <span class=\"_ _3\"></span>wewn\u0105trz Grupy Kapita\u0142owej ( 81)<span class=\"_ _192\"> </span>( 92)<span class=\"_ _192\"> </span>Pozosta\u0142e ( 24)<span class=\"_ _192\"> </span>( 29)<span class=\"_ _192\"> </span>Podatek dochodowy w<span class=\"_ _3\"></span> wyniku fin<span class=\"_ _3\"></span>ansowym [efektywna stawk<span class=\"_ _3\"></span>a wynios\u0142a 26,4%<span class=\"_ _3\"></span> zysku brutto  (w roku 2021: 21,<span class=\"_ _3\"></span>3% zysku brutto)] 1 715<span class=\"_ _192\"> </span>1 669<span class=\"_ _192\"> </span>W <span class=\"_ _53\"></span>Polsce <span class=\"_ _53\"></span>organy <span class=\"_ _53\"></span>skarbowe <span class=\"_ _2\"></span>posiadaj\u0105 <span class=\"_ _53\"></span>prawo <span class=\"_ _53\"></span>kontroli <span class=\"_ _53\"></span>deklaracji <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>datkowych <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>okres <span class=\"_ _53\"></span>pi\u0119ciu <span class=\"_ _53\"></span>lat, <span class=\"_ _53\"></span>jednak <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>mog\u0105 <span class=\"_ _53\"></span>w tym<span class=\"_ _3\"></span> okresie <span class=\"_ _2\"></span>dokon<span class=\"_ _3\"></span>ywa\u0107 <span class=\"_ _2\"></span>kompensat nale\u017cno\u015bci podatkowych z zobowi\u0105zaniami podatkowymi stanowi\u0105cymi doch\u00f3d <span class=\"_ _2\"></span>Skarbu Pa\u0144stwa<span class=\"_ _3\"></span> (w <span class=\"_ _53\"></span>ty<span class=\"_ _2\"></span>m <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>bie\u017c\u0105cego <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>dat<span class=\"_ _3\"></span>ku <span class=\"_ _0\"></span>dochodowego)<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>W <span class=\"_ _53\"></span>Kanadzie <span class=\"_ _53\"></span>deklaracje <span class=\"_ _0\"></span>podatkow<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>mog\u0105 <span class=\"_ _53\"></span>zosta\u0107 <span class=\"_ _53\"></span>poddane <span class=\"_ _53\"></span>weryfikacji <span class=\"_ _0\"></span>przez<span class=\"_ _3\"></span> okres trzech lat bez<span class=\"_ _3\"></span> prawa kompensaty <span class=\"_ _3\"></span>nale\u017cno\u015bci z zobowi\u0105z<span class=\"_ _3\"></span>aniami z tytu\u0142u bie\u017c\u0105<span class=\"_ _3\"></span>cego podatku doch<span class=\"_ _3\"></span>odowego. Nota 5.1.1 Odroczon<span class=\"_ _3\"></span>y podatek dochod<span class=\"_ _3\"></span>owy Zasady rachunkowo\u015bci<span class=\"_ _3\"></span> <span class=\"_ _ed\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Odroczony <span class=\"_ _74\"> </span>podatek <span class=\"_ _1\"> </span>dochodowy <span class=\"_ _1\"> </span>ustala <span class=\"_ _74\"> </span>si\u0119  pr<span class=\"_ _3\"></span>zy <span class=\"_ _74\"> </span>zastosowaniu <span class=\"_ _1\"> </span>stawek<span class=\"_ _192\"> </span>i <span class=\"_ _65\"> </span>pr<span class=\"_ _3\"></span>zepis\u00f3w <span class=\"_ _65\"> </span>p<span class=\"_ _3\"></span>odatkowych, <span class=\"_ _5b\"> </span>kt<span class=\"_ _2\"></span>\u00f3re <span class=\"_ _63\"> </span>wed\u0142ug <span class=\"_ _65\"> </span>prz<span class=\"_ _3\"></span>ewidywa\u0144 <span class=\"_ _63\"> </span>b\u0119d\u0105 obowi\u0105zywa\u0107 <span class=\"_ _54\"> </span>wtedy, <span class=\"_ _54\"> </span>gdy <span class=\"_ _55\"> </span>sk\u0142adnik <span class=\"_ _54\"> </span>aktyw\u00f3w <span class=\"_ _54\"> </span>zostanie <span class=\"_ _54\"> </span>zrealizowany a <span class=\"_ _74\"> </span>zobowi\u0105zanie <span class=\"_ _74\"> </span>rozlicz<span class=\"_ _3\"></span>one, <span class=\"_ _74\"> </span>przyjmuj\u0105c <span class=\"_ _1\"> </span>za <span class=\"_ _74\"> </span>podstaw\u0119 <span class=\"_ _74\"> </span>stawki <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>przepisy podatkowe, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _5a\"> </span>obowi\u0105zywa\u0142<span class=\"_ _3\"></span>y <span class=\"_ _5a\"> </span>prawnie <span class=\"_ _5a\"> </span>lub <span class=\"_ _5a\"> </span>faktycznie <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>koniec okresu sprawozdawcz<span class=\"_ _3\"></span>ego. Zobowi\u0105zania  i <span class=\"_ _74\"> </span>aktywa  z  tytu\u0142u <span class=\"_ _74\"> </span>odroczonego  podatku <span class=\"_ _74\"> </span>dochodowego tworzone <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>r\u00f3\u017cnic <span class=\"_ _1\"> </span>przej\u015bciowych <span class=\"_ _1\"> </span>pomi\u0119dzy <span class=\"_ _0\"> </span>w<span class=\"_ _2\"></span>arto\u015bci\u0105 <span class=\"_ _1\"> </span>podatkow\u0105<span class=\"_ _3\"></span> aktyw\u00f3w <span class=\"_ _57\"> </span>i <span class=\"_ _59\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144, <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>ich <span class=\"_ _57\"> </span>warto\u015bci\u0105 <span class=\"_ _57\"> </span>bilansow\u0105 <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>spra<span class=\"_ _3\"></span>wozdaniu finansowym, <span class=\"_ _63\"> </span>za <span class=\"_ _65\"> </span>wyj\u0105tk<span class=\"_ _3\"></span>iem <span class=\"_ _63\"> </span>r\u00f3\u017cnic <span class=\"_ _65\"> </span>przej\u015bci<span class=\"_ _3\"></span>owych <span class=\"_ _65\"> </span>wyni<span class=\"_ _3\"></span>kaj\u0105cych z <span class=\"_ _64\"> </span>pocz\u0105tkowego <span class=\"_ _64\"> </span>uj\u0119cia <span class=\"_ _64\"> </span>aktywa <span class=\"_ _5d\"> </span>lub <span class=\"_ _64\"> </span>zobowi<span class=\"_ _2\"></span>\u0105zania <span class=\"_ _5d\"> </span>w <span class=\"_ _64\"> </span>t<span class=\"_ _2\"></span>ransakcji niestanowi\u0105cej <span class=\"_ _69\"> </span>po\u0142\u0105czenia <span class=\"_ _67\"> </span>przedsi\u0119wzi\u0119\u0107, <span class=\"_ _67\"> </span>kt\u00f3<span class=\"_ _2\"></span>ra <span class=\"_ _69\"> </span>w <span class=\"_ _67\"> </span>momencie <span class=\"_ _69\"> </span>je<span class=\"_ _2\"></span>j przeprowadzenia, nie wp\u0142ywa na wynik finansowy brutto ani na zysk do opodatkowania (str<span class=\"_ _3\"></span>at\u0119 podatkow\u0105). Aktywa <span class=\"_ _0\"></span>z tytu\u0142u <span class=\"_ _0\"></span>odroczonego <span class=\"_ _0\"></span>podatku <span class=\"_ _0\"></span>dochodowe<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>ujmuje <span class=\"_ _0\"></span>si\u0119, <span class=\"_ _0\"></span>je\u017celi jest <span class=\"_ _5a\"> </span>prawdopod<span class=\"_ _3\"></span>obne, <span class=\"_ _5a\"> </span>\u017ce <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>przysz\u0142o\u015bci <span class=\"_ _59\"> </span>osi<span class=\"_ _2\"></span>\u0105gni\u0119ty <span class=\"_ _59\"> </span>zostanie <span class=\"_ _5a\"> </span>d<span class=\"_ _3\"></span>och\u00f3d do opodatkowania, <span class=\"_ _59\"> </span>kt<span class=\"_ _2\"></span>\u00f3ry <span class=\"_ _5a\"> </span>umo\u017cliwi <span class=\"_ _5a\"> </span>potr\u0105cenie <span class=\"_ _5a\"> </span>r\u00f3\u017cnic <span class=\"_ _5a\"> </span>p<span class=\"_ _2\"></span>rzej\u015bciowych<span class=\"_ _3\"></span> lub wykorzystanie strat p<span class=\"_ _3\"></span>odatkowych. Kompensaty <span class=\"_ _57\"> </span>aktyw\u00f3w <span class=\"_ _59\"> </span>i <span class=\"_ _57\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144 <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>podatku <span class=\"_ _57\"> </span>odroczonego dokonuje si\u0119, gdy sp\u00f3\u0142ka posiad<span class=\"_ _3\"></span>a mo\u017cliwy do wyegzekwowania t<span class=\"_ _3\"></span>ytu\u0142 do przeprowadzenia <span class=\"_ _67\"> </span>kompensaty <span class=\"_ _67\"> </span>nale\u017cno\u015bci<span class=\"_ _2\"></span> <span class=\"_ _67\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _67\"> </span>z<span class=\"_ _2\"></span>obowi\u0105za\u0144 <span class=\"_ _67\"> </span>z <span class=\"_ _69\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u bie\u017c\u0105cego <span class=\"_ _57\"> </span>podatku <span class=\"_ _57\"> </span>dochodowego <span class=\"_ _57\"> </span>oraz, <span class=\"_ _57\"> </span>gdy <span class=\"_ _57\"> </span>aktywa <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>zobowi\u0105zania z <span class=\"_ _5d\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _5d\"> </span>podatku <span class=\"_ _5d\"> </span>odroczonego <span class=\"_ _5d\"> </span>dotycz\u0105 <span class=\"_ _5d\"> </span>podatku <span class=\"_ _5d\"> </span>dochodowego na\u0142o\u017conego przez <span class=\"_ _3\"></span>t\u0119<span class=\"_ _2\"></span> sam\u0105 <span class=\"_ _3\"></span>w\u0142adz\u0119 podatkow\u0105.<span class=\"_ _3\"></span> Ocena <span class=\"_ _69\"> </span>prawdop<span class=\"_ _3\"></span>odobie\u0144stwa <span class=\"_ _67\"> </span>realizacji <span class=\"_ _69\"> </span>aktyw\u00f3w z <span class=\"_ _62\"> </span>tytu\u0142u <span class=\"_ _62\"> </span>odroczonego<span class=\"_ _3\"></span> <span class=\"_ _62\"> </span>podatku <span class=\"_ _62\"> </span>dochodow<span class=\"_ _3\"></span>ego<span class=\"_ _192\"> </span>z  przysz\u0142ymi  zyskami  podatk<span class=\"_ _3\"></span>owymi  opiera  si\u0119  na bud\u017cetach <span class=\"_ _53\"></span>s<span class=\"_ _2\"></span>p\u00f3<span class=\"_ _3\"></span>\u0142e<span class=\"_ _2\"></span>k <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupy <span class=\"_ _0\"></span>Ka<span class=\"_ _3\"></span>pita\u0142owej. <span class=\"_ _0\"></span>Sp\u00f3\u0142ki <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupy<span class=\"_ _3\"></span> Kapita\u0142owej <span class=\"_ _2\"></span>uj\u0119\u0142y <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>ksi\u0119gach rachunkowych <span class=\"_ _2\"></span>aktywa z <span class=\"_ _57\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _57\"> </span>od<span class=\"_ _2\"></span>rocz<span class=\"_ _3\"></span>onego <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>datku <span class=\"_ _57\"> </span>dochodowego <span class=\"_ _57\"> </span>do wysoko\u015bci, <span class=\"_ _37\"> </span>do <span class=\"_ _37\"> </span>kt\u00f3rej <span class=\"_ _6c\"> </span>jest <span class=\"_ _24\"> </span>prawdopodobne, i\u017c osi\u0105gn\u0105 zysk do opodatkowania,<span class=\"_ _3\"></span> kt\u00f3ry po<span class=\"_ _2\"></span>zwoli na potr\u0105cenie ujemn<span class=\"_ _3\"></span>ych r\u00f3\u017cnic przej<span class=\"_ _3\"></span>\u015bciowych. Sp\u00f3\u0142ki <span class=\"_ _56\"> </span>Grupy <span class=\"_ _5b\"> </span>Kapita\u0142owej, <span class=\"_ _56\"> </span>kt\u00f3re <span class=\"_ _56\"> </span>his<span class=\"_ _2\"></span>toryczn<span class=\"_ _3\"></span>ie generowa\u0142y <span class=\"_ _59\"> </span>straty <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>kt\u00f3rych <span class=\"_ _59\"> </span>projekcje <span class=\"_ _59\"> </span>finans<span class=\"_ _3\"></span>owe nie przewiduj\u0105 <span class=\"_ _3\"></span>osi\u0105gni\u0119cia zysku d<span class=\"_ _3\"></span>o opodatkowania umo\u017cliwiaj\u0105cego <span class=\"_ _65\"> </span>potr\u0105cenie <span class=\"_ _65\"> </span>ujemnych <span class=\"_ _65\"> </span>r\u00f3\u017cnic przej\u015bciowych, <span class=\"_ _3\"></span>nie rozpoznaj\u0105 <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>swoich <span class=\"_ _54\"> </span>ksi\u0119gach<span class=\"_ _3\"></span> rachunkowych <span class=\"_ _5b\"> </span>aktyw\u00f3w <span class=\"_ _5b\"> </span>z tytu\u0142u <span class=\"_ _63\"> </span>odroczoneg<span class=\"_ _3\"></span>o podatku dochod<span class=\"_ _3\"></span>owego. od 01.01.202<span class=\"_ _3\"></span>2 do 31.12.202<span class=\"_ _3\"></span>2 od 01.01.202<span class=\"_ _3\"></span>1 do 31.12.202<span class=\"_ _3\"></span>1 Odroczony podatek d<span class=\"_ _3\"></span>ochodowy netto n<span class=\"_ _3\"></span>a pocz\u0105tek okresu, <span class=\"_ _3\"></span>z tego: <span class=\"_ _ee\"> </span><span class=\"fc4\"> </span>( 458)<span class=\"_ _192\"> </span>( 249)<span class=\"_ _192\"> </span>Aktywa z tytu\u0142u odr<span class=\"_ _3\"></span>oczonego podatku <span class=\"_ _3\"></span>dochodowego  <span class=\"_ _30\"> </span><span class=\"fc4\"> </span> 185 193<span class=\"_ _192\"> </span>Zobowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u odroczonego podatku d<span class=\"_ _3\"></span>ochodowego <span class=\"_ _3\"></span> <span class=\"_ _75\"> </span><span class=\"fc4\"> </span>( 643)<span class=\"_ _192\"> </span>( 442)<span class=\"_ _192\"> </span>Odroczony podatek d<span class=\"_ _3\"></span>ochodowy w<span class=\"_ _3\"></span> okresie: <span class=\"_ _ef\"> </span><span class=\"ff2 fc4\"> </span>( 533)<span class=\"_ _192\"> </span>( 186)<span class=\"_ _192\"> </span>Uj\u0119ty w wyniku finans<span class=\"_ _3\"></span>owym <span class=\"_ _f0\"> </span><span class=\"fc4\"> </span>( 315)<span class=\"_ _192\"> </span>( 124)<span class=\"_ _192\"> </span>Uj\u0119ty w pozosta\u0142ych <span class=\"_ _3\"></span>ca\u0142kowitych dochodach<span class=\"_ _3\"></span> <span class=\"_ _4d\"> </span><span class=\"fc4\"> </span>( 218)<span class=\"_ _192\"> </span>( 62)<span class=\"_ _192\"> </span>R\u00f3\u017cnice kursow<span class=\"_ _3\"></span>e z przeliczenia sald<span class=\"_ _3\"></span> odroczonego podatku do<span class=\"_ _3\"></span>chodowego sprawozda\u0144 jedn<span class=\"_ _3\"></span>ostek o walucie funkcjon<span class=\"_ _3\"></span>alnej innej ni\u017c PLN ( 23)<span class=\"_ _192\"> </span>( 23)<span class=\"_ _192\"> </span>Odroczony podatek d<span class=\"_ _3\"></span>ochodowy netto n<span class=\"_ _3\"></span>a koniec okresu, <span class=\"_ _3\"></span>z tego: <span class=\"_ _f1\"> </span><span class=\"fc4\"> </span>(1 014)<span class=\"_ _192\"> </span>( 458)<span class=\"_ _192\"> </span>Aktywa z tytu\u0142u odr<span class=\"_ _3\"></span>oczonego podatku <span class=\"_ _3\"></span>dochodowego <span class=\"_ _f2\"> </span><span class=\"fc4\"> </span> 137 185<span class=\"_ _192\"> </span>Zobowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u odroczonego podatku d<span class=\"_ _3\"></span>ochodowego<span class=\"_ _3\"></span> <span class=\"_ _be\"> </span><span class=\"fc4\"> </span>(1 151)<span class=\"_ _192\"> </span>( 643)<span class=\"_ _192\"> </span>Terminy realizacji <span class=\"_ _3\"></span>aktyw\u00f3w i zobowi\u0105za\u0144 z <span class=\"_ _3\"></span>tytu\u0142u odroczonego p<span class=\"_ _3\"></span>odatku dochodoweg<span class=\"_ _3\"></span>o by\u0142y nast\u0119puj\u0105ce: Aktywa z tytu\u0142u odroc<span class=\"_ _3\"></span>zonego podatku dochodow<span class=\"_ _3\"></span>ego Zobowi\u0105zania z tytu\u0142u <span class=\"_ _3\"></span>odroczonego podatku doch<span class=\"_ _3\"></span>odowego Stan na 31.12.2022 Stan na 31.12.2021 Stan na 31.12.2022 Stan na 31.12.2021 O okresie realizacji d<span class=\"_ _3\"></span>\u0142u\u017cszym ni\u017c 12 miesi\u0119cy od zako\u0144cz<span class=\"_ _3\"></span>enia okresu sprawozdawczeg<span class=\"_ _3\"></span>o  31 86<span class=\"_ _192\"> </span>(1 238)<span class=\"_ _192\"> </span>( 996)<span class=\"_ _192\"> </span>O okresie realizacji d<span class=\"_ _3\"></span>o 12 miesi\u0119cy  od zako\u0144czenia okr<span class=\"_ _3\"></span>esu sprawozdawczeg<span class=\"_ _3\"></span>o  106 99 87 353<span class=\"_ _192\"> </span>Razem  137 185<span class=\"_ _192\"> </span>(1 151)<span class=\"_ _192\"> </span>( 643)<span class=\"_ _192\"> </span>Daty  wyga\u015b<span class=\"_ _3\"></span>ni\u0119cia  niewykorz<span class=\"_ _3\"></span>ystanych <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>rat <span class=\"_ _74\"> </span>i  ulg  poda<span class=\"_ _3\"></span>tkowych, <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>d  k<span class=\"_ _3\"></span>t\u00f3rych  nie  uj<span class=\"_ _3\"></span>\u0119to  aktywa <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>podatku  odrocz<span class=\"_ _3\"></span>onego <span class=\"_ _3\"></span> w poszczeg\u00f3lnych<span class=\"_ _3\"></span> krajach zosta\u0142y ujaw<span class=\"_ _3\"></span>nione w poni\u017cszej tabeli:<span class=\"_ _3\"></span> Stan na 31.<span class=\"_ _2\"></span>12.2022 Stan na 31.<span class=\"_ _2\"></span>12.2021 Niewyko-<span class=\"_ _192\"> </span>rzystane straty podatkowe<span class=\"_ _192\"> </span>Data wyga\u015b-<span class=\"_ _192\"> </span>ni\u0119cia<span class=\"_ _192\"> </span>Niewyko-<span class=\"_ _192\"> </span>rzystane ulgi podatkowe<span class=\"_ _192\"> </span>Data wyga\u015b-<span class=\"_ _192\"> </span>ni\u0119cia<span class=\"_ _192\"> </span>Niewyko-<span class=\"_ _192\"> </span>rzystane straty podatkowe<span class=\"_ _192\"> </span>Data wyga\u015b-<span class=\"_ _192\"> </span>ni\u0119cia<span class=\"_ _192\"> </span>Niewyko-<span class=\"_ _192\"> </span>rzystane ulgi podatkowe<span class=\"_ _192\"> </span>Data wyga\u015b-<span class=\"_ _192\"> </span>ni\u0119cia<span class=\"_ _192\"> </span>Luksembu<span class=\"_ _2\"></span>rg  158<span class=\"_ _192\"> </span>nieokre\u015blony<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 333<span class=\"_ _192\"> </span>nieokre\u015blony -<span class=\"_ _192\"> </span>- 520<span class=\"_ _192\"> </span>2036-2037<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 359<span class=\"_ _192\"> </span>2034-2037 -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Chil<span class=\"_ _2\"></span>e  91<span class=\"_ _192\"> </span>nieokre\u015blony<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 056<span class=\"_ _192\"> </span>nieokre\u015blony -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Kanada 1 602<span class=\"_ _192\"> </span>2026-2042 60<span class=\"_ _192\"> </span>2030-2039<span class=\"_ _192\"> </span>1 443<span class=\"_ _192\"> </span>2026-2040  42<span class=\"_ _192\"> </span>2030-2039<span class=\"_ _192\"> </span>Pozosta\u0142e  16<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 17<span class=\"_ _192\"> </span>2025 -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Razem 2 387 60<span class=\"_ _192\"> </span>4 208 42<span class=\"_ _192\"> </span>Na  dzie\u0144  31 <span class=\"_ _74\"> </span>grudnia  2022  r.  Grupa  nie  uj\u0119\u0142a  aktywa <span class=\"_ _74\"> </span>z  tytu\u0142u  odroczonego  poda<span class=\"_ _3\"></span>tku  dochodowego  od  ujemny<span class=\"_ _3\"></span>ch  r\u00f3\u017cnic przej\u015bciowych <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kwocie <span class=\"_ _2\"></span>3 <span class=\"_ _53\"></span>022 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>(2 704 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _2\"></span>2021r.), <span class=\"_ _53\"></span>poniewa\u017c <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>ma\u0142o <span class=\"_ _2\"></span>prawdopodobne, <span class=\"_ _2\"></span>\u017ce odwr\u00f3c\u0105 <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>one <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>daj\u0105cej <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _2\"></span>przewidzie\u0107 przysz\u0142o\u015bci <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>zostanie <span class=\"_ _2\"></span>osi\u0105gni\u0119ty <span class=\"_ _2\"></span>doch\u00f3d <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>opodatkowania, <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>kt\u00f3rego <span class=\"_ _2\"></span>b\u0119dzie mo\u017cna je odpisa\u0107.<span class=\"_ _3\"></span> Na <span class=\"_ _74\"> </span>dzie\u0144  31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r.  na <span class=\"_ _1\"> </span>poziomie <span class=\"_ _74\"> </span>skonsolidowanego <span class=\"_ _1\"> </span>sprawozdania <span class=\"_ _74\"> </span>finansowego <span class=\"_ _74\"> </span>nie <span class=\"_ _74\"> </span>uj\u0119to  zo<span class=\"_ _3\"></span>bowi\u0105zania <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u odroczonego <span class=\"_ _1\"> </span>podatku <span class=\"_ _1\"> </span>dochodowego <span class=\"_ _1\"> </span>od dodatnich <span class=\"_ _1\"> </span>r\u00f3\u017cnic <span class=\"_ _1\"> </span>przej\u015bciowych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>kwocie <span class=\"_ _1\"> </span>1 <span class=\"_ _74\"> </span>076 <span class=\"_ _1\"> </span>mln <span class=\"_ _74\"> </span>PLN <span class=\"_ _1\"> </span>(962 <span class=\"_ _1\"> </span>m<span class=\"_ _2\"></span>ln <span class=\"_ _1\"> </span>PLN <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 31 grudnia <span class=\"_ _0\"></span>2021 <span class=\"_ _1\"> </span>r.) <span class=\"_ _0\"> </span>zwi<span class=\"_ _2\"></span>\u0105zanych <span class=\"_ _0\"> </span>z <span class=\"_ _1\"> </span>inwestycjami <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>jednost<span class=\"_ _2\"></span>ki <span class=\"_ _0\"> </span>zale\u017cne <span class=\"_ _1\"> </span>i <span class=\"_ _0\"></span>udzia\u0142ami <span class=\"_ _1\"> </span>we <span class=\"_ _1\"> </span>wsp\u00f3lnych <span class=\"_ _0\"></span>przedsi\u0119wzi\u0119ciach, <span class=\"_ _0\"></span>poniewa\u017c spe\u0142nione zosta<span class=\"_ _3\"></span>\u0142y warunki zdefiniowan<span class=\"_ _3\"></span>e w MSR 12.39. W <span class=\"_ _53\"></span>tabelach <span class=\"_ _53\"></span>poni\u017cej <span class=\"_ _53\"></span>zapreze<span class=\"_ _3\"></span>ntowano <span class=\"_ _53\"></span>aktywa <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>odroczonego <span class=\"_ _53\"></span>podatk<span class=\"_ _3\"></span>u <span class=\"_ _53\"></span>dochodowego <span class=\"_ _2\"></span>przed <span class=\"_ _53\"></span>dokonaniem ich kompensaty na <span class=\"_ _3\"></span>poziomie poszczeg\u00f3lny<span class=\"_ _3\"></span>ch sp\u00f3\u0142ek wchodz\u0105cych<span class=\"_ _3\"></span> w sk\u0142ad Grupy Kapita<span class=\"_ _3\"></span>\u0142owej.<span class=\"_ _192\"> </span>Aktywa <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>od<span class=\"_ _2\"></span>roczonego <span class=\"_ _53\"></span>pod<span class=\"_ _2\"></span>atku <span class=\"_ _53\"></span>d<span class=\"_ _2\"></span>ochodowego<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>(aktywa <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>tyt. <span class=\"_ _0\"> </span>odroczonego<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>podatku <span class=\"_ _53\"></span>d<span class=\"_ _2\"></span>ochodowe<span class=\"_ _2\"></span>go <span class=\"_ _53\"></span>przed <span class=\"_ _0\"></span>dokonaniem <span class=\"_ _0\"></span>kompensaty <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zobowi\u0105<span class=\"_ _2\"></span>zaniami <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>tyt. <span class=\"_ _53\"></span>odroc<span class=\"_ _2\"></span>zonego <span class=\"_ _0\"></span>podatku dochodowego <span class=\"_ _2\"></span>na poziomie posz<span class=\"_ _2\"></span>czeg\u00f3lnych sp\u00f3\u0142ek wchod<span class=\"_ _2\"></span>z\u0105cych w sk\u0142<span class=\"_ _2\"></span>ad Grupy Kapi<span class=\"_ _2\"></span>ta\u0142owej) Stan na 31.12.2020 Uznanie/(Obci\u0105\u017cenie) Stan na 31.12.2021Uznanie/(Obci\u0105\u017cenie) Stan na 31.12.2022 wynik finansowypozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLN wynik finansowypozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLNzmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymiRezerwa na likwidacj\u0119 kopal\u0144 i innych obiekt\u00f3w technologicznych  253 <span class=\"_ _f3\"> </span><span class=\"ff2\">( 63)</span>- <span class=\"_ _a0\"> </span> 1 191 1- 2- 194Wycena transakcji terminowych innych ni\u017c instrumenty zabezpieczaj\u0105ce  36 <span class=\"_ _f4\"> </span><span class=\"ff2\"> 35</span>- <span class=\"_ _94\"> </span>- 71( 27)--- 44R\u00f3\u017cnica pomi\u0119dzy ksi\u0119gowymi  i podatkowymi stawkami amortyzacyjnymi rzeczowych aktyw\u00f3w trwa\u0142ych  93 <span class=\"_ _f4\"> </span><span class=\"ff2\">( 5)</span>- <span class=\"_ _94\"> </span>- 88 7--- 95Zobowi\u0105zania na przysz\u0142e \u015bwiadczenia pracownicze  600 <span class=\"_ _f4\"> </span><span class=\"ff2\">( 3)</span>( 132) <span class=\"_ _94\"> </span>- 465- 80-- 545Instrumenty kapita\u0142owe wyceniane  w warto\u015bci godziwej  104 <span class=\"_ _f5\"> </span><span class=\"ff2\">-</span>- <span class=\"_ _94\"> </span>- 104- 19-- 123Zobowi\u0105zania z tytu\u0142u leasingu <span class=\"_ _c6\"> </span>  <span class=\"_ _f4\"> </span><span class=\"ff1\"> 61 <span class=\"_ _f4\"> </span></span> 14- <span class=\"_ _94\"> </span>- 75 19-- 94Odsetki naliczone niezap\u0142acone od kredyt\u00f3w i po\u017cyczek   <span class=\"_ _f3\"> </span><span class=\"ff1\"> 19<span class=\"_ _2\"></span>7 <span class=\"_ _f4\"> </span></span> 24- <span class=\"_ _9a\"> </span> 14 235 45- 17- 297Odpisy /odwr\u00f3cenia odpis\u00f3w aktualizuj\u0105ce warto\u015b\u0107 aktyw\u00f3w   <span class=\"_ _f4\"> </span><span class=\"ff1\"> 83 <span class=\"_ _f3\"> </span></span>( 25)- <span class=\"_ _94\"> </span>- 58( 17)--( 1) 40Kr\u00f3tkookresowe rezerwy z tytu\u0142u wynagrodze\u0144 <span class=\"_ _70\"> </span>  <span class=\"_ _f4\"> </span><span class=\"ff1\"> 9<span class=\"_ _2\"></span>6 <span class=\"_ _f4\"> </span></span> 17- <span class=\"_ _94\"> </span>- 113 12--- 125Aktualizacja wyceny instrument\u00f3w zabezpieczaj\u0105cych <span class=\"_ _62\"> </span>  <span class=\"_ _f3\"> </span><span class=\"ff1\"> <span class=\"_ _2\"></span>235 <span class=\"_ _f5\"> </span></span>- 70 <span class=\"_ _94\"> </span>- 305-( 292)-- 13Zobowi\u0105zanie z tyt. op\u0142aty sta\u0142ej z ust. u\u017cytkowania g\u00f3rniczego   <span class=\"_ _f4\"> </span><span class=\"ff1\"> 30 <span class=\"_ _f6\"> </span></span> 5- <span class=\"_ _94\"> </span>- 35---- 35\u015awiadczenia na rzecz pracownik\u00f3w (urlopy) <span class=\"_ _f5\"> </span>  <span class=\"_ _f4\"> </span><span class=\"ff1\"> 1<span class=\"_ _2\"></span>3 <span class=\"_ _f5\"> </span></span>-- <span class=\"_ _94\"> </span>- 13---- 13Niewyp\u0142acone wynagrodzenia z narzutami <span class=\"_ _f7\"> </span>  <span class=\"_ _f4\"> </span><span class=\"ff1\"> 24 <span class=\"_ _f5\"> </span></span>-- <span class=\"_ _94\"> </span>- 24 3--- 27Pozosta\u0142e  172 <span class=\"_ _f4\"> </span><span class=\"ff2\"> 42</span>- <span class=\"_ _94\"> </span>- 214( 11)-( 4) 199Razem 1 997 <span class=\"_ _f4\"> </span> 41( 62) <span class=\"_ _9a\"> </span> 151 991 32( 193) 19( 5)1 844Zobowi\u0105zania <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>od<span class=\"_ _2\"></span>roczonego <span class=\"_ _1\"> </span>podatku <span class=\"_ _1\"> </span>dochodow<span class=\"_ _2\"></span>ego <span class=\"_ _0\"> </span>(<span class=\"_ _2\"></span>zobowi\u0105zania  z<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>tyt. <span class=\"_ _1\"> </span>odroczon<span class=\"_ _2\"></span>ego <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>odatku<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>d<span class=\"_ _2\"></span>ochodowego <span class=\"_ _1\"> </span>przed <span class=\"_ _1\"> </span>dokonani<span class=\"_ _2\"></span>em <span class=\"_ _1\"> </span>kompensaty <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>aktywam<span class=\"_ _2\"></span>i <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>ty<span class=\"_ _2\"></span>t. <span class=\"_ _1\"> </span>odroczonego podatku dochodow<span class=\"_ _2\"></span>ego na po<span class=\"_ _2\"></span>ziomie poszczeg\u00f3lnyc<span class=\"_ _2\"></span>h sp\u00f3\u0142ek wchod<span class=\"_ _2\"></span>z\u0105cych w sk\u0142ad<span class=\"_ _2\"></span> Grupy Kapita\u0142ow<span class=\"_ _2\"></span>ej) Stan na 31.12.2020 (Uznanie) / Obci\u0105\u017cenie Stan na 31.12.2021(Uznanie) / Obci\u0105\u017cenie Stan na 31.12.2022 wynik finansowyr\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLN wynik finansowy   pozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLNzmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymiWycena transakcji terminowych innych ni\u017c instrumenty zabezpieczaj\u0105ce  35 <span class=\"_ _f4\"> </span><span class=\"ff2\"> 15</span>- 50( 9) <span class=\"_ _52\"> </span>- <span class=\"_ _ac\"> </span>-- 41R\u00f3\u017cnica pomi\u0119dzy ksi\u0119gowymi  i podatkowymi stawkami amortyzacyjnymi, w tym: 1 514 <span class=\"_ _f3\"> </span><span class=\"ff2\"> 122</span> 231 659 159 <span class=\"_ _52\"> </span>- <span class=\"_ _bf\"> </span> 26( 4)1 840    dotycz\u0105ca amortyzacji prawa do u\u017cytkowania   60 <span class=\"_ _f4\"> </span><span class=\"ff2\"> 11</span>- 71 18 <span class=\"_ _52\"> </span>- <span class=\"_ _ac\"> </span>-- 89Odsetki naliczone niezap\u0142acone od po\u017cyczek  470 <span class=\"_ _f4\"> </span><span class=\"ff2\"> 17</span> 17 504 119 <span class=\"_ _52\"> </span>- <span class=\"_ _bf\"> </span> 20- 643Aktualizacja wyceny instrument\u00f3w zabezpieczaj\u0105cych - <span class=\"_ _f5\"> </span><span class=\"ff2\">-</span>--- <span class=\"_ _e7\"> </span> 2<span class=\"_ _2\"></span>5 <span class=\"_ _ac\"> </span>-- 25Instrumenty kapita\u0142owe wyceniane  w warto\u015bci godziwej  37 <span class=\"_ _f4\"> </span><span class=\"ff2\"> 54</span>- 91( 7) <span class=\"_ _52\"> </span>- <span class=\"_ _ac\"> </span>-- 84Pozosta\u0142e  190 <span class=\"_ _f3\"> </span><span class=\"ff2\">( 43)</span>( 2) 145 85 <span class=\"_ _52\"> </span>- <span class=\"_ _9a\"> </span>( 4<span class=\"_ _2\"></span>)( 1) 225Razem 2 246 <span class=\"_ _f3\"> </span> 165 382 449 347 <span class=\"_ _f8\"> </span> 25 <span class=\"_ _bf\"> </span> 42( 5)2 858Nota 5.2 Pozosta\u0142<span class=\"_ _3\"></span>e podatki i op<span class=\"_ _3\"></span>\u0142aty od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Podstawa kalkulacji podatku<span class=\"_ _192\"> </span>Stawka podatku od 01.01.2022 do 31.12.2022<span class=\"_ _192\"> </span>od 01.01.2021 do 31.12.2021<span class=\"_ _192\"> </span>Podatek od wydobycia niekt\u00f3rych kopalin, z tego:<span class=\"_ _192\"> </span>3 046<span class=\"_ _192\"> </span>3 548<span class=\"_ _192\"> </span>Stawka podatku obliczona dla ka\u017cdego okresu sprawozdawczeg<span class=\"_ _3\"></span>o*<span class=\"_ _192\"> </span>2 951 <span class=\"_ _f9\"> </span>3 238 Podatek odniesiony w koszt wytworzenia sprzedanych produkt\u00f3w - mied\u017a<span class=\"_ _192\"> </span>2 650<span class=\"_ _192\"> </span>3 012<span class=\"_ _192\"> </span>Ilo\u015b\u0107 miedzi zawartej w wyprodukowanym koncentracie, wyra\u017cona w tonach<span class=\"_ _192\"> </span>- srebro 396<span class=\"_ _192\"> </span>536<span class=\"_ _192\"> </span>Ilo\u015b\u0107 srebra zawartego w wyprodukowanym koncentracie, wyra\u017cona<span class=\"_ _192\"> </span>w kilogramach<span class=\"_ _192\"> </span>95<span class=\"_ _192\"> </span>310<span class=\"_ _192\"> </span>Podatek odniesiony na zapas   <span class=\"ff3\">*Zgodnie<span class=\"_ _2\"></span> z w<span class=\"_ _2\"></span>arunkami <span class=\"_ _2\"></span>okre\u015blonymi na <span class=\"_ _2\"></span>podst<span class=\"_ _2\"></span>awie ustawy <span class=\"_ _2\"></span>z dnia<span class=\"_ _2\"></span> 2 marca <span class=\"_ _2\"></span>2012 r. <span class=\"_ _2\"></span>\u201eo po<span class=\"_ _2\"></span>datku od<span class=\"_ _2\"></span> wydoby<span class=\"_ _2\"></span>cia niekt\u00f3ry<span class=\"_ _2\"></span>ch kopalin<span class=\"_ _2\"></span>\u201d oraz us<span class=\"_ _2\"></span>tawy z <span class=\"_ _2\"></span>dnia </span>24 <span class=\"_ _2\"></span>lute<span class=\"_ _2\"></span>go <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>\u201eo <span class=\"_ _53\"></span>zmianie<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>ustawy<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>datku <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ochodowy<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>os\u00f3b <span class=\"_ _2\"></span>fizyczn<span class=\"_ _2\"></span>ych, <span class=\"_ _2\"></span>usta<span class=\"_ _2\"></span>wy <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>rehabili<span class=\"_ _2\"></span>tacji <span class=\"_ _2\"></span>zaw<span class=\"_ _2\"></span>odowej <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>spo\u0142e<span class=\"_ _2\"></span>cznej <span class=\"_ _2\"></span>oraz<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>zatrud<span class=\"_ _2\"></span>nianiu os\u00f3b <span class=\"_ _53\"></span>niepe\u0142nosprawn<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>stawy <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>pod<span class=\"_ _2\"></span>atku <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>ydobycia <span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span>kt\u00f3rych <span class=\"_ _2\"></span>kopalin<span class=\"_ _2\"></span>\u201d <span class=\"_ _2\"></span>obni\u017caj\u0105<span class=\"_ _2\"></span>cej <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>sty<span class=\"_ _2\"></span>cznia <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>listopada <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>stawki <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>odatkowe  o <span class=\"_ _2\"></span>ok. <span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>0%. <span class=\"_ _2\"></span> Stawki<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>pod<span class=\"_ _2\"></span>atkowe <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>kszta\u0142to<span class=\"_ _2\"></span>wa\u0142y <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>i\u0119 <span class=\"_ _2\"></span>dla <span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>iedzi <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>zakresie <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>5 136,69 <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>8 657,15 <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N, <span class=\"_ _2\"></span>dla<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>sreb<span class=\"_ _2\"></span>ra <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>akresie <span class=\"_ _2\"></span>od<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>352,90 PLN <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>453,03 <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>( <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>okre<span class=\"_ _2\"></span>sie <span class=\"_ _53\"></span>por\u00f3wnawczym <span class=\"_ _53\"></span>dl<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>iedzi <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zakresie <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>4 926,27 <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>9 629,78 <span class=\"_ _53\"></span>PLN, <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>srebra<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>za<span class=\"_ _2\"></span>kresie <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>369,76 <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>do 449,38 PLN).<span class=\"_ _192\"> </span>Podatek <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>d  wyd<span class=\"_ _3\"></span>obycia  niek<span class=\"_ _3\"></span>t\u00f3rych <span class=\"_ _74\"> </span>kopalin  w  Jedn<span class=\"_ _3\"></span>ostce  Domin<span class=\"_ _3\"></span>uj\u0105cej  naliczany <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>d  ilo\u015bci <span class=\"_ _74\"> </span>miedzi  i <span class=\"_ _74\"> </span>srebra  zawar<span class=\"_ _3\"></span>tej w wyprodukowan<span class=\"_ _3\"></span>ym <span class=\"_ _0\"> </span>ko<span class=\"_ _2\"></span>ncentracie <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>jego <span class=\"_ _1\"> </span>wysoko\u015b\u0107 <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>uzale\u017cniona <span class=\"_ _0\"></span>od <span class=\"_ _1\"> </span>notowa\u0144 <span class=\"_ _0\"></span>tych <span class=\"_ _0\"> </span>metali <span class=\"_ _1\"> </span>i <span class=\"_ _0\"></span>kursu <span class=\"_ _0\"></span>USD/PLN. <span class=\"_ _0\"> </span>Podatek obci\u0105\u017ca koszt wytworzenia produktu podstaw<span class=\"_ _3\"></span>owego, jednak nie stanowi kosztu uzyskania przychod\u00f3w do cel\u00f3w kalkulacji obci\u0105\u017ce\u0144 z tytu\u0142u C<span class=\"_ _3\"></span>IT. Pozosta\u0142e podatki i op<span class=\"_ _3\"></span>\u0142aty wed\u0142ug lokalizacji pr<span class=\"_ _3\"></span>ezentowa\u0142y si\u0119 na<span class=\"_ _3\"></span>st\u0119puj\u0105co: od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Polska <span class=\"_ _fa\"> </span><span class=\"fc0\"> 693<span class=\"_ _192\"> </span></span>572<span class=\"_ _192\"> </span>Podatek od nieruch<span class=\"_ _3\"></span>omo\u015bci <span class=\"_ _fb\"> </span> 268<span class=\"_ _192\"> </span>250<span class=\"_ _192\"> </span>Podstawowa op\u0142a<span class=\"_ _3\"></span>ta za wydobycie kopalin<span class=\"_ _3\"></span> <span class=\"_ _fc\"> </span> 122<span class=\"_ _192\"> </span>116<span class=\"_ _192\"> </span>Podatek akcyz<span class=\"_ _3\"></span>owy <span class=\"_ _fd\"> </span> 6<span class=\"_ _192\"> </span>7<span class=\"_ _192\"> </span>Op\u0142aty z tytu\u0142u ochr<span class=\"_ _3\"></span>ony \u015brodowiska <span class=\"_ _3\"></span> <span class=\"_ _fe\"> </span> 16<span class=\"_ _192\"> </span>21<span class=\"_ _192\"> </span>Koszty umorzenia <span class=\"_ _3\"></span>uprawnie\u0144 do emisji CO<span class=\"_ _192\"> </span>2 <span class=\"_ _ff\"> </span> 199<span class=\"_ _192\"> </span>109<span class=\"_ _192\"> </span>Op\u0142aty PFRON <span class=\"_ _100\"> </span> 29<span class=\"_ _192\"> </span>24<span class=\"_ _192\"> </span>Inne podatki i <span class=\"_ _3\"></span>op\u0142aty  <span class=\"_ _101\"> </span> 53<span class=\"_ _192\"> </span>45<span class=\"_ _192\"> </span>Pozosta\u0142e kraje <span class=\"_ _102\"> </span><span class=\"fc0\"> 113<span class=\"_ _192\"> </span></span>118<span class=\"_ _192\"> </span>Razem  <span class=\"_ _103\"> </span><span class=\"fc0\"> 806<span class=\"_ _192\"> </span></span>690<span class=\"_ _192\"> </span>Nota 5.3 Nale\u017cn<span class=\"_ _3\"></span>o\u015bci i zobowi\u0105zania z tyt<span class=\"_ _3\"></span>u\u0142u podatk\u00f3w  Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Nale\u017cno\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>podatk\u00f3w <span class=\"_ _1\"> </span>obejmuj\u0105 <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>bie\u017c\u0105cego <span class=\"_ _1\"> </span>podatku <span class=\"_ _1\"> </span>dochodoweg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>rozliczenia <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u podatku VAT.<span class=\"_ _3\"></span> Nale\u017cno\u015bci <span class=\"_ _57\"> </span>niestan<span class=\"_ _3\"></span>owi\u0105ce <span class=\"_ _57\"> </span>aktyw\u00f3w  finansowych <span class=\"_ _57\"> </span>ujmuje <span class=\"_ _57\"> </span>si\u0119  pocz\u0105tkowo <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _57\"> </span>nomin<span class=\"_ _3\"></span>alnej <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>wycenia <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144 ko\u0144cz\u0105cy okres spraw<span class=\"_ _3\"></span>ozdawczy w kwoci<span class=\"_ _3\"></span>e wymaganej zap\u0142aty.<span class=\"_ _3\"></span> Zobowi\u0105zania <span class=\"_ _5e\"> </span>z <span class=\"_ _5e\"> </span>tytu\u0142<span class=\"_ _2\"></span>u <span class=\"_ _5e\"> </span>podatk\u00f3w <span class=\"_ _5e\"> </span>o<span class=\"_ _2\"></span>bejmuj\u0105 <span class=\"_ _5e\"> </span>zobowi\u0105zania <span class=\"_ _5e\"> </span>Grupy <span class=\"_ _5e\"> </span>wobec <span class=\"_ _67\"> </span>urz\u0119du <span class=\"_ _5e\"> </span>skarbowego <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>tytu\u0142u <span class=\"_ _5e\"> </span>podatku dochodowego <span class=\"_ _1\"> </span>od  os<span class=\"_ _3\"></span>\u00f3b <span class=\"_ _74\"> </span>prawnych, <span class=\"_ _1\"> </span>w  tym <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>podatku <span class=\"_ _74\"> </span>u  \u017a<span class=\"_ _3\"></span>r\u00f3d\u0142a, <span class=\"_ _74\"> </span>podatku <span class=\"_ _74\"> </span>dochodowego <span class=\"_ _74\"> </span>od <span class=\"_ _74\"> </span>os\u00f3b <span class=\"_ _74\"> </span>fizycznych <span class=\"_ _74\"> </span>oraz zobowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u podatku od wydob<span class=\"_ _3\"></span>ycia niekt\u00f3rych kopalin <span class=\"_ _3\"></span>oraz podatku akc<span class=\"_ _3\"></span>yzowego.  Zo<span class=\"_ _2\"></span>bowi<span class=\"_ _2\"></span>\u0105za<span class=\"_ _2\"></span>nia <span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span>zal<span class=\"_ _2\"></span>iczo<span class=\"_ _2\"></span>ne do<span class=\"_ _2\"></span> zo<span class=\"_ _2\"></span>bowi<span class=\"_ _2\"></span>\u0105za<span class=\"_ _2\"></span>\u0144 fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>nsowy<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>wyce<span class=\"_ _2\"></span>nia s<span class=\"_ _2\"></span>i\u0119<span class=\"_ _2\"></span> w k<span class=\"_ _2\"></span>woc<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>wymag<span class=\"_ _2\"></span>aj<span class=\"_ _2\"></span>\u0105cej<span class=\"_ _2\"></span> zap\u0142<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>y. Stan na  31.12.2022 Stan na  31.12.2021 Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u bie\u017c\u0105cego poda<span class=\"_ _3\"></span>tku dochodowego <span class=\"_ _3\"></span> od os\u00f3b prawnych<span class=\"_ _3\"></span>  39<span class=\"_ _192\"> </span>16<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u pozosta\u0142ych podatk<span class=\"_ _3\"></span>\u00f3w  328<span class=\"_ _192\"> </span>352<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu\u0142u <span class=\"_ _3\"></span>podatk\u00f3w, z tego:<span class=\"_ _3\"></span>  367<span class=\"_ _192\"> </span>368   wykazan<span class=\"_ _3\"></span>e w ramach aktyw\u00f3w pr<span class=\"_ _3\"></span>zeznaczonych do sprz<span class=\"_ _3\"></span>eda\u017cy         (grupa<span class=\"_ _3\"></span> zbycia) - 4   wykazan<span class=\"_ _3\"></span>e jako \u201enale\u017cno\u015bci z tyt<span class=\"_ _3\"></span>u\u0142u podatk\u00f3w\"  <span class=\"_ _104\"> </span> 367 364<span class=\"_ _192\"> </span>Stan na  31.12.2022 Stan na  31.12.2021 Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u bie\u017c\u0105cego podatku d<span class=\"_ _3\"></span>ochodowego <span class=\"_ _3\"></span> od os\u00f3b prawnych<span class=\"_ _3\"></span>  612<span class=\"_ _192\"> </span>881<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u pozosta\u0142ych <span class=\"_ _3\"></span>podatk\u00f3w  621<span class=\"_ _192\"> </span>574<span class=\"_ _192\"> </span>Zobowi\u0105zania poda<span class=\"_ _3\"></span>tkowe, z tego:<span class=\"_ _3\"></span> 1 233<span class=\"_ _192\"> </span>1 455   wykazan<span class=\"_ _3\"></span>e w ramach zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>wi\u0105zanych z grup\u0105 z<span class=\"_ _3\"></span>bycia <span class=\"_ _105\"> </span>- 2   wykazan<span class=\"_ _3\"></span>e jako \u201ezobowi\u0105zania z tytu<span class=\"_ _3\"></span>\u0142u podatk\u00f3w\" <span class=\"_ _106\"> </span>1 233<span class=\"_ _192\"> </span>1 453<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 6 \u2013 <span class=\"_ _2\"></span>Zaanga\u017cowani<span class=\"_ _2\"></span>e we wsp\u00f3lne <span class=\"_ _2\"></span>przedsi\u0119w<span class=\"_ _2\"></span>zi\u0119cia Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Pozycja zaanga\u017cowanie <span class=\"_ _74\"> </span>we <span class=\"_ _74\"> </span>wsp\u00f3lne <span class=\"_ _74\"> </span>przedsi\u0119wzi\u0119cia <span class=\"_ _74\"> </span>obejmuje: <span class=\"_ _74\"> </span>inwestycje <span class=\"_ _74\"> </span>we  wsp\u00f3<span class=\"_ _3\"></span>lne  pr<span class=\"_ _3\"></span>zedsi\u0119wzi\u0119cia <span class=\"_ _1\"> </span>wyceniane metod\u0105 praw w\u0142asn<span class=\"_ _3\"></span>o\u015bci oraz po\u017cyczki <span class=\"_ _3\"></span>udzielone wsp\u00f3lnym pr<span class=\"_ _3\"></span>zedsi\u0119wzi\u0119ciom. Grupa <span class=\"_ _59\"> </span>kwalifikuje <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>inwestycji <span class=\"_ _59\"> </span>wycenianych <span class=\"_ _59\"> </span>metod\u0105 <span class=\"_ _59\"> </span>praw <span class=\"_ _59\"> </span>w\u0142asno\u015bci <span class=\"_ _59\"> </span>udzia\u0142y <span class=\"_ _59\"> </span>we <span class=\"_ _59\"> </span>wsp\u00f3lnych <span class=\"_ _59\"> </span>przedsi\u0119wzi\u0119ciach<span class=\"_ _3\"></span> b\u0119d\u0105cych <span class=\"_ _0\"></span>wsp\u00f3lnymi <span class=\"_ _0\"></span>ustaleniami <span class=\"_ _0\"></span>umownymi, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _0\"></span>strony <span class=\"_ _0\"></span>sprawuj\u0105ce <span class=\"_ _0\"></span>wsp\u00f3\u0142kontrol\u0119 <span class=\"_ _0\"></span>maj\u0105 <span class=\"_ _0\"></span>prawa <span class=\"_ _0\"></span>do <span class=\"_ _0\"> </span>aktyw\u00f3w netto <span class=\"_ _5a\"> </span>tej <span class=\"_ _5a\"> </span>jednostki. <span class=\"_ _59\"> </span>Wsp\u00f3\u0142kontrola <span class=\"_ _5a\"> </span>wyst\u0119puje <span class=\"_ _59\"> </span>w\u00f3wczas, <span class=\"_ _5a\"> </span>gdy <span class=\"_ _5a\"> </span>decyzje <span class=\"_ _59\"> </span>doty<span class=\"_ _2\"></span>cz\u0105ce <span class=\"_ _59\"> </span>istotnej <span class=\"_ _5a\"> </span>dzia\u0142alno\u015bci <span class=\"_ _5a\"> </span>wsp\u00f3lny<span class=\"_ _3\"></span>ch przedsi\u0119wzi\u0119\u0107 w<span class=\"_ _3\"></span>ymagaj\u0105 jednomy\u015blnej z<span class=\"_ _3\"></span>gody stron wsp\u00f3\u0142kontr<span class=\"_ _3\"></span>oluj\u0105cych.  Inwestycje <span class=\"_ _53\"></span>te <span class=\"_ _0\"></span>pocz\u0105tk<span class=\"_ _3\"></span>owo <span class=\"_ _0\"></span>ujmuj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _53\"></span>wed\u0142ug <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>ny <span class=\"_ _53\"></span>nabycia. <span class=\"_ _53\"></span>Udzia\u0142 <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupy <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>zysku <span class=\"_ _53\"></span>lub <span class=\"_ _53\"></span>s<span class=\"_ _2\"></span>tracie <span class=\"_ _53\"></span>jednostek <span class=\"_ _53\"></span>wycenianych metod\u0105 praw <span class=\"_ _2\"></span>w\u0142asno\u015bci (ustalony z uwzgl\u0119dnieniem wp\u0142ywu wycen <span class=\"_ _2\"></span>do warto\u015bci go<span class=\"_ _2\"></span>dziwej z dnia <span class=\"_ _2\"></span>nabycia inwestycji) od dnia <span class=\"_ _57\"> </span>nabycia <span class=\"_ _57\"> </span>ujmuje  si\u0119 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>finansowym,  za\u015b <span class=\"_ _57\"> </span>jej <span class=\"_ _57\"> </span>udzia\u0142 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zmianach <span class=\"_ _57\"> </span>stanu  zakumulowanych  pozosta\u0142ych ca\u0142kowitych doch<span class=\"_ _3\"></span>od\u00f3w od dnia nabycia <span class=\"_ _3\"></span>w odpowiedniej p<span class=\"_ _3\"></span>ozycji zakumulowan<span class=\"_ _3\"></span>ych ca\u0142kowitych doch<span class=\"_ _3\"></span>od\u00f3w.  Niezrealizowane zyski i <span class=\"_ _2\"></span>straty <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u transakcji <span class=\"_ _2\"></span>pomi\u0119dzy inwestorem <span class=\"_ _2\"></span>a wsp\u00f3lnym <span class=\"_ _2\"></span>przedsi\u0119wzi\u0119ciem s\u0105 eliminowane w  kw<span class=\"_ _3\"></span>ocie  odp<span class=\"_ _3\"></span>owiadaj\u0105cej  udz<span class=\"_ _3\"></span>ia\u0142owi <span class=\"_ _74\"> </span>inwestora  w <span class=\"_ _74\"> </span>tych  zyskac<span class=\"_ _3\"></span>h/(stratach) <span class=\"_ _74\"> </span>w  korespond<span class=\"_ _3\"></span>encji  z <span class=\"_ _74\"> </span>warto\u015bci\u0105 <span class=\"_ _74\"> </span>bilansow\u0105 udzia\u0142u <span class=\"_ _67\"> </span>Grupy <span class=\"_ _67\"> </span>w <span class=\"_ _69\"> </span>tej <span class=\"_ _69\"> </span>jednostce. <span class=\"_ _67\"> </span>W <span class=\"_ _67\"> </span>sytuacji, <span class=\"_ _67\"> </span>g<span class=\"_ _2\"></span>dy <span class=\"_ _67\"> </span>na <span class=\"_ _69\"> </span>dzie\u0144 <span class=\"_ _67\"> </span>ko\u0144cz\u0105cy <span class=\"_ _67\"> </span>okres <span class=\"_ _67\"> </span>sprawozdawczy <span class=\"_ _67\"> </span>udzia\u0142 <span class=\"_ _69\"> </span>Grupy w niezrealizowanym <span class=\"_ _57\"> </span>zysku <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>transakcjach <span class=\"_ _59\"> </span>pomi\u0119dzy <span class=\"_ _57\"> </span>Grup\u0105 <span class=\"_ _59\"> </span>a <span class=\"_ _59\"> </span>wsp\u00f3lnym <span class=\"_ _57\"> </span>przedsi\u0119wzi\u0119ciem <span class=\"_ _57\"> </span>przekracza <span class=\"_ _59\"> </span>warto\u015b\u0107 bilansow\u0105 inwestycji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>t\u0119 <span class=\"_ _2\"></span>jednostk\u0119, udzia\u0142 <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>tych <span class=\"_ _2\"></span>zyskach podlega <span class=\"_ _2\"></span>eliminacji <span class=\"_ _2\"></span>do po<span class=\"_ _2\"></span>ziomu bilansowego <span class=\"_ _2\"></span>udzia\u0142u Grupy w tej <span class=\"_ _2\"></span>jednostce. Eliminacji niezrealizowanych zysk\u00f3w w proporcji do <span class=\"_ _2\"></span>udzia\u0142\u00f3w Grupy, nierozliczonych w okresie, w  kt\u00f3rym  nast\u0105pi\u0142a  tra<span class=\"_ _3\"></span>nsakcja,  dokonuj<span class=\"_ _3\"></span>e  si\u0119  w  kolejnych  okresach  spr<span class=\"_ _3\"></span>awozdawczych  w  mo<span class=\"_ _3\"></span>mencie,  gdy  warto\u015b\u0107 bilansowa udzia<span class=\"_ _3\"></span>\u0142u Grupy w tej jednostce <span class=\"_ _3\"></span>osi\u0105gnie warto\u015b\u0107 powy\u017c<span class=\"_ _3\"></span>ej zera. Inwestycja <span class=\"_ _57\"> </span>testowana <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>utrat\u0119 <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>przypadku <span class=\"_ _57\"> </span>wyst\u0105pienia <span class=\"_ _57\"> </span>przes\u0142anek <span class=\"_ _57\"> </span>wskazu<span class=\"_ _3\"></span>j\u0105cych <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>mo\u017cliwo\u015b\u0107 wyst\u0105pienia utra<span class=\"_ _3\"></span>ty warto\u015bci poprz<span class=\"_ _3\"></span>ez wyliczenie warto\u015bci odzysk<span class=\"_ _3\"></span>iwalnej. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a,  za\u0142o\u017cenia i<span class=\"_ _3\"></span> os\u0105dy Istnienie wsp\u00f3\u0142kontr<span class=\"_ _3\"></span>oli Grupa <span class=\"_ _53\"></span>Kapita\u0142owa <span class=\"_ _2\"></span>kwalifikuje <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>wsp\u00f3lne <span class=\"_ _53\"></span>przedsi\u0119wzi\u0119cie <span class=\"_ _2\"></span>zgodnie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>MSSF <span class=\"_ _53\"></span>11 <span class=\"_ _53\"></span>sp\u00f3\u0142k\u0119 <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>.C.M. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>siedzib\u0105<span class=\"_ _3\"></span> w Chile, <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>kt\u00f3rej <span class=\"_ _59\"> </span>udzia\u0142 <span class=\"_ _59\"> </span>kapita\u0142owy <span class=\"_ _59\"> </span>KGHM <span class=\"_ _59\"> </span>INTERNATIONAL <span class=\"_ _59\"> </span>LTD. <span class=\"_ _59\"> </span>wynosi <span class=\"_ _59\"> </span>55%. <span class=\"_ _59\"> </span>Kwalifikacji <span class=\"_ _57\"> </span>Sierra <span class=\"_ _59\"> </span>Go<span class=\"_ _2\"></span>rda <span class=\"_ _59\"> </span>S.C.M. do kategorii <span class=\"_ _59\"> </span>wsp\u00f3lnych <span class=\"_ _5a\"> </span>przed<span class=\"_ _3\"></span>si\u0119wzi\u0119\u0107, <span class=\"_ _59\"> </span>mimo <span class=\"_ _5a\"> </span>55% <span class=\"_ _59\"> </span>udzia\u0142u <span class=\"_ _59\"> </span>Grupy <span class=\"_ _5a\"> </span>Kapita\u0142owej, <span class=\"_ _59\"> </span>dokonano <span class=\"_ _5a\"> </span>na <span class=\"_ _59\"> </span>podstawie <span class=\"_ _59\"> </span>analizy warunk\u00f3w <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>rozumie\u0144 <span class=\"_ _53\"></span>pomi\u0119dzy <span class=\"_ _53\"></span>stro<span class=\"_ _2\"></span>nami <span class=\"_ _53\"></span>oraz <span class=\"_ _0\"></span>ustale\u0144 <span class=\"_ _0\"></span>umown<span class=\"_ _3\"></span>ych, <span class=\"_ _0\"></span>kt\u00f3re <span class=\"_ _0\"></span>wskaza\u0142y <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>sprawowanie <span class=\"_ _53\"></span>wsp\u00f3\u0142kontroli. Zgodnie <span class=\"_ _2\"></span>z warunkam<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>porozumie\u0144 <span class=\"_ _2\"></span>wszystkie <span class=\"_ _2\"></span>istotne <span class=\"_ _2\"></span>dzia\u0142ania <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _2\"></span>S.C.M. <span class=\"_ _2\"></span>wymagaj\u0105 <span class=\"_ _2\"></span>jednomy\u015blnej <span class=\"_ _2\"></span>zgody <span class=\"_ _2\"></span>obu w\u0142a\u015bcicieli. <span class=\"_ _59\"> </span>W powo\u0142ywanej <span class=\"_ _59\"> </span>Radzie <span class=\"_ _59\"> </span>w\u0142a\u015bcicieli <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>oraz <span class=\"_ _59\"> </span>pozostali <span class=\"_ _59\"> </span>w\u0142a\u015bciciele <span class=\"_ _59\"> </span>maj\u0105 <span class=\"_ _59\"> </span>po <span class=\"_ _59\"> </span>t<span class=\"_ _2\"></span>rzech <span class=\"_ _59\"> </span>cz\u0142onk\u00f3w. <span class=\"_ _59\"> </span>Rada w\u0142a\u015bcicieli <span class=\"_ _5a\"> </span>podejmuje <span class=\"_ _5a\"> </span>decyzje <span class=\"_ _5a\"> </span>st<span class=\"_ _2\"></span>rategiczne <span class=\"_ _5a\"> </span>i sprawuje <span class=\"_ _5a\"> </span>nadz\u00f3r <span class=\"_ _5a\"> </span>nad <span class=\"_ _5a\"> </span>ich <span class=\"_ _54\"> </span>wykonaniem. <span class=\"_ _5a\"> </span>Zatwierdza <span class=\"_ _5a\"> </span>r\u00f3wnie\u017c <span class=\"_ _5a\"> </span>sk\u0142ad najwy\u017cszej <span class=\"_ _2\"></span>kadry <span class=\"_ _53\"></span>menad\u017cerskiej. <span class=\"_ _2\"></span>W <span class=\"_ _53\"></span>okresie <span class=\"_ _53\"></span>spraw<span class=\"_ _3\"></span>ozdawczym <span class=\"_ _53\"></span>nie <span class=\"_ _2\"></span>uleg\u0142y <span class=\"_ _53\"></span>zmianie <span class=\"_ _2\"></span>postanowienia, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _53\"></span>by\u0142y <span class=\"_ _53\"></span>podstaw\u0105<span class=\"_ _3\"></span> kwalifikacji inwes<span class=\"_ _3\"></span>tycji do kategorii <span class=\"_ _3\"></span>wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107.<span class=\"_ _3\"></span> Zgodnie <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>os\u0105dem <span class=\"_ _2\"></span>Grupy, <span class=\"_ _2\"></span>po\u017cyczki <span class=\"_ _2\"></span>udzielone <span class=\"_ _2\"></span>wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _2\"></span>S.C.M. <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>spe<span class=\"_ _2\"></span>\u0142niaj\u0105 kryte<span class=\"_ _2\"></span>ri\u00f3w uznania  za  inwestycj\u0119  netto  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczek  jest  planowane i prawdopodobne w <span class=\"_ _3\"></span>daj\u0105cej si\u0119 przewidzie\u0107 pr<span class=\"_ _3\"></span>zysz\u0142o\u015bci. Nota 6.1 Wsp\u00f3lne p<span class=\"_ _3\"></span>rzedsi\u0119wzi\u0119cia wyc<span class=\"_ _3\"></span>eniane metod\u0105 praw <span class=\"_ _3\"></span>w\u0142asno\u015bci W <span class=\"_ _57\"> </span>okresie <span class=\"_ _57\"> </span>sprawozdawczym <span class=\"_ _57\"> </span>nast\u0105pi\u0142a <span class=\"_ _57\"> </span>zmiana <span class=\"_ _57\"> </span>partnera <span class=\"_ _57\"> </span>Grupy <span class=\"_ _57\"> </span>Kapita\u0142owej <span class=\"_ _57\"> </span>KGHM <span class=\"_ _57\"> </span>Polska  Mied\u017a <span class=\"_ _59\"> </span>S.A. <span class=\"_ _57\"> </span>we <span class=\"_ _57\"> </span>wsp\u00f3lnym przedsi\u0119wzi\u0119ciu S<span class=\"_ _2\"></span>ierra G<span class=\"_ _2\"></span>orda <span class=\"_ _2\"></span>S.C.M. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>dniu <span class=\"_ _53\"></span>22 <span class=\"_ _2\"></span>lutego <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>zako\u0144czy\u0142a <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>transakcja <span class=\"_ _2\"></span>sprzeda\u017cy 45% <span class=\"_ _53\"></span>udzia\u0142\u00f3w <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>Sierra Gorda S.<span class=\"_ _2\"></span>C.M. przez S<span class=\"_ _2\"></span>umitomo Metal <span class=\"_ _2\"></span>Mining Co., <span class=\"_ _2\"></span>Ltd. o<span class=\"_ _2\"></span>raz Sumitomo <span class=\"_ _2\"></span>Corporation do <span class=\"_ _2\"></span>South32 Limited, <span class=\"_ _2\"></span>australijskiej grupy g\u00f3rniczej <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>siedzib\u0105  w Perth. <span class=\"_ _57\"> </span>Transakcja <span class=\"_ _57\"> </span>zosta\u0142a przeprowa<span class=\"_ _3\"></span>dzona <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>podstawie <span class=\"_ _57\"> </span>um\u00f3w  sprzeda\u017cy <span class=\"_ _57\"> </span>zawartych <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>dniu 14 pa\u017adziernika<span class=\"_ _3\"></span> 2021 r.  Cena  nabycia  z<span class=\"_ _3\"></span>awiera  kwot\u0119  1 408 <span class=\"_ _74\"> </span>mln<span class=\"_ _2\"></span>  USD,  p\u0142atn\u0105 <span class=\"_ _74\"> </span>w  dniu  zawarcia  transakcji <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>raz  50<span class=\"_ _3\"></span>0  mln  USD,  uzale\u017cnion\u0105  od<span class=\"_ _3\"></span> kszta\u0142towania si\u0119 cen miedzi <span class=\"_ _3\"></span>w latach 2022 \u2013 2025. <span class=\"_ _3\"></span>Nowy partner Grupy to globalnie zdywersyfiko<span class=\"_ _3\"></span>wana firma wydobywcza<span class=\"_ _3\"></span> i <span class=\"_ _2\"></span>metalurgiczna <span class=\"_ _2\"></span>posiadaj\u0105ca <span class=\"_ _2\"></span>zak\u0142ady <span class=\"_ _2\"></span>produkcyjne <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>Australii, <span class=\"_ _2\"></span>Afryce <span class=\"_ _2\"></span>Po\u0142udniowej <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>Ameryce <span class=\"_ _2\"></span>Po\u0142udniowej. <span class=\"_ _2\"></span>Firma <span class=\"_ _2\"></span>wytwarza m.in. aluminium, <span class=\"_ _3\"></span>w\u0119giel hutniczy, <span class=\"_ _3\"></span>mangan, nikiel, srebro, o\u0142\u00f3w i c<span class=\"_ _3\"></span>ynk. Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>\u017cadna <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>um\u00f3w <span class=\"_ _53\"></span>reguluj\u0105cych wsp\u00f3\u0142prac\u0119 <span class=\"_ _2\"></span>partner\u00f3w <span class=\"_ _2\"></span>JV <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119ciu <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _2\"></span>S.C.M. nie zosta\u0142a <span class=\"_ _58\"> </span>zmodyfikowana<span class=\"_ _3\"></span>.  Ze <span class=\"_ _74\"> </span>sp\u00f3\u0142kami <span class=\"_ _74\"> </span>S<span class=\"_ _2\"></span>umitomo <span class=\"_ _74\"> </span>Metal <span class=\"_ _74\"> </span>M<span class=\"_ _2\"></span>ining <span class=\"_ _74\"> </span>Co.,  Ltd. <span class=\"_ _74\"> </span>oraz  Sumitom<span class=\"_ _3\"></span>o  Cor<span class=\"_ _3\"></span>poration  Sierr<span class=\"_ _3\"></span>a  Gorda S.C.M. <span class=\"_ _53\"></span>mia\u0142a <span class=\"_ _53\"></span>podpisan\u0105 <span class=\"_ _53\"></span>umow\u0119 <span class=\"_ _53\"></span>off-take, <span class=\"_ _53\"></span>zgo<span class=\"_ _2\"></span>dnie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>kt\u00f3r\u0105 <span class=\"_ _53\"></span>przys\u0142uguje <span class=\"_ _53\"></span>im <span class=\"_ _53\"></span>prawo <span class=\"_ _0\"></span>odbioru <span class=\"_ _2\"></span>50% <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>ncentratu <span class=\"_ _53\"></span>miedzi. <span class=\"_ _53\"></span>Prawo odbioru 50% konc<span class=\"_ _3\"></span>entratu miedzi <span class=\"_ _3\"></span>nie obowi\u0105zuje w odniesi<span class=\"_ _3\"></span>eniu do South32 Limi<span class=\"_ _3\"></span>ted. Warto\u015b\u0107 inwestyc<span class=\"_ _3\"></span>ji w skonsolidowanym <span class=\"_ _3\"></span> sprawozdaniu z syt<span class=\"_ _3\"></span>uacji finansowej <span class=\"_ _3\"></span> 2022 <span class=\"_ _107\"> </span>  <span class=\"_ _7f\"> </span>2021 Stan na 1 styc<span class=\"_ _3\"></span>znia -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Udzia\u0142 w zysku nett<span class=\"_ _3\"></span>o za okres obrotowy<span class=\"_ _3\"></span>  239<span class=\"_ _192\"> </span>3 178<span class=\"_ _192\"> </span>Rozliczenie udzia\u0142u<span class=\"_ _3\"></span> Grupy w nierozlicz<span class=\"_ _3\"></span>onych stratach z lat ubi<span class=\"_ _3\"></span>eg\u0142ych (skumulowanych uj<span class=\"_ _3\"></span>emnych ca\u0142kowitych d<span class=\"_ _3\"></span>ochodach) ( 183)<span class=\"_ _192\"> </span>(2 920)<span class=\"_ _192\"> </span>R\u00f3\u017cnice kursow<span class=\"_ _3\"></span>e z przeliczenia spra<span class=\"_ _3\"></span>wozda\u0144 jednostek o waluci<span class=\"_ _3\"></span>e funkcjonalnej innej ni\u017c<span class=\"_ _3\"></span> PLN  ( 56)<span class=\"_ _192\"> </span>( 258)<span class=\"_ _192\"> </span>Stan na 31 grud<span class=\"_ _3\"></span>nia -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Udzia\u0142 Grupy (55%<span class=\"_ _3\"></span>) w zysku netto Si<span class=\"_ _3\"></span>erra Gorda S.C.M. za o<span class=\"_ _3\"></span>kres obrotowy uj\u0119ty <span class=\"_ _3\"></span> w wycenie ws<span class=\"_ _3\"></span>p\u00f3lnego przedsi\u0119wzi\u0119ci<span class=\"_ _3\"></span>a <span class=\"_ _ea\"> </span><span class=\"ff2 fc0\"> </span> 239<span class=\"_ _192\"> </span>3 178<span class=\"_ _192\"> </span>Nieuj\u0119ty udzia\u0142 <span class=\"_ _3\"></span>Grupy w stratac<span class=\"_ _3\"></span>h Sierra Gorda S.C.M. <span class=\"_ _c9\"> </span><span class=\"fc8\"> </span>2022 <span class=\"_ _77\"> </span><span class=\"fc8\">  <span class=\"_ _7f\"> </span></span>2021 Stan na 1 styc<span class=\"_ _3\"></span>znia (1 283)<span class=\"_ _192\"> </span>(4 203)<span class=\"_ _192\"> </span>Rozliczenie udzia\u0142u<span class=\"_ _3\"></span> Grupy w nierozlicz<span class=\"_ _3\"></span>onych stratach z lat ubi<span class=\"_ _3\"></span>eg\u0142ych (skumulowanych uj<span class=\"_ _3\"></span>emnych ca\u0142kowitych d<span class=\"_ _3\"></span>ochodach)  183<span class=\"_ _192\"> </span>2 920<span class=\"_ _192\"> </span>Nieuj\u0119ta korekta z<span class=\"_ _3\"></span> tytu\u0142u zysk\u00f3w niezr<span class=\"_ _3\"></span>ealizowanych na <span class=\"_ _3\"></span>transakcji pomi\u0119dzy Grup\u0105 a <span class=\"_ _3\"></span>wsp\u00f3lnym prz<span class=\"_ _3\"></span>edsi\u0119wzi\u0119ciem (zbyci<span class=\"_ _3\"></span>e projektu Oxide, szczeg\u00f3\u0142y <span class=\"_ _3\"></span>Nota 9.8.3) <span class=\"_ _108\"> </span> ( 74)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Stan na 31 grud<span class=\"_ _3\"></span>nia (1 174)<span class=\"_ _192\"> </span>(1 283)<span class=\"_ _192\"> </span>Na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>udzia\u0142 <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>KGHM <span class=\"_ _1\"> </span>Polska <span class=\"_ _0\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _0\"> </span>S.A. <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>nierozliczonych <span class=\"_ _1\"> </span>skumul<span class=\"_ _3\"></span>owanych <span class=\"_ _1\"> </span>stratach <span class=\"_ _1\"> </span>Sierra Gorda <span class=\"_ _0\"></span>S.C.M. <span class=\"_ _0\"></span>wynosi <span class=\"_ _53\"></span>1 <span class=\"_ _0\"></span>174 <span class=\"_ _53\"></span>mln<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(362 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>USD), <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>1 283 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(389 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>USD). <span class=\"_ _0\"></span>Grupa zaprzesta\u0142a <span class=\"_ _5a\"> </span>ujm<span class=\"_ _3\"></span>owania <span class=\"_ _5a\"> </span>swojego <span class=\"_ _59\"> </span>udzia\u0142u <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>stratach <span class=\"_ _59\"> </span>Sierra <span class=\"_ _5a\"> </span>Gorda <span class=\"_ _59\"> </span>S.<span class=\"_ _2\"></span>C.M. <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>momencie, <span class=\"_ _59\"> </span>g<span class=\"_ _2\"></span>dy <span class=\"_ _59\"> </span>warto\u015b\u0107 <span class=\"_ _5a\"> </span>tego <span class=\"_ _5a\"> </span>udzia\u0142u<span class=\"_ _3\"></span> przekroczy\u0142a <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>bilansow\u0105 udzia\u0142u <span class=\"_ _53\"></span>w inwestycji <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _2\"></span>S.C.M. <span class=\"_ _53\"></span>Uj\u0119cie <span class=\"_ _2\"></span>udzia\u0142u <span class=\"_ _53\"></span>Grupy <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>ratach <span class=\"_ _2\"></span>Sierra <span class=\"_ _53\"></span>Gorda S.C.M. spowodowa<span class=\"_ _3\"></span>\u0142o, \u017ce warto\u015b\u0107 bilansowa udz<span class=\"_ _3\"></span>ia\u0142\u00f3w w Sierra Gorda S.C.M. r\u00f3wna jest 0 <span class=\"_ _3\"></span>PLN. Po zredukowaniu udzia\u0142u do warto\u015bci <span class=\"_ _2\"></span>zerowej <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>przeprowadzi\u0142a <span class=\"_ _2\"></span>analiz\u0119 <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>zakresie <span class=\"_ _53\"></span>istnienia <span class=\"_ _53\"></span>prawnego <span class=\"_ _53\"></span>lub <span class=\"_ _53\"></span>zwyczajowo <span class=\"_ _2\"></span>oczekiwanego <span class=\"_ _53\"></span>obowi\u0105zku<span class=\"_ _3\"></span> dokonania <span class=\"_ _2\"></span>p\u0142atno\u015bci <span class=\"_ _2\"></span>w imieniu <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _53\"></span>S.C.<span class=\"_ _3\"></span>M., <span class=\"_ _53\"></span>co <span class=\"_ _2\"></span>rodzi\u0142oby <span class=\"_ _2\"></span>obowi\u0105zek <span class=\"_ _2\"></span>ujmowania <span class=\"_ _2\"></span>przez <span class=\"_ _2\"></span>Grup\u0119 <span class=\"_ _2\"></span>zobowi\u0105zania <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tego tytu\u0142u. <span class=\"_ _1\"> </span>N<span class=\"_ _2\"></span>a <span class=\"_ _1\"> </span>podstawie <span class=\"_ _1\"> </span>wy<span class=\"_ _2\"></span>nik\u00f3w <span class=\"_ _1\"> </span>przeprowadzonych <span class=\"_ _1\"> </span>analiz <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>nie <span class=\"_ _74\"> </span>ident<span class=\"_ _2\"></span>yfikuje <span class=\"_ _1\"> </span>istnienia <span class=\"_ _1\"> </span>prawnego <span class=\"_ _74\"> </span>lub <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>czekiwane<span class=\"_ _3\"></span>go obowi\u0105zku dokonania <span class=\"_ _3\"></span>p\u0142atno\u015bci w im<span class=\"_ _3\"></span>ieniu Sierra Gorda S.C.M<span class=\"_ _3\"></span>., o kt\u00f3rym mowa w M<span class=\"_ _3\"></span>SR 28.39.   Grupa <span class=\"_ _5e\"> </span>przeprowadzi\u0142a <span class=\"_ _55\"> </span>r\u00f3wnie\u017c <span class=\"_ _5e\"> </span>analiz\u0119 <span class=\"_ _5e\"> </span>warunk\u00f3w <span class=\"_ _55\"> </span>udzielonej <span class=\"_ _5e\"> </span>Sierra <span class=\"_ _5e\"> </span>Gorda <span class=\"_ _5e\"> </span>S.C.M. <span class=\"_ _5e\"> </span>gwarancji <span class=\"_ _5e\"> </span>ustanowionej <span class=\"_ _5e\"> </span>jako zabezpieczenie sp\u0142aty transzy kredytu, kt\u00f3ra <span class=\"_ _2\"></span>spe\u0142nia definicj\u0119 gwarancji finansowej zgodnie <span class=\"_ _2\"></span>z MSSF <span class=\"_ _2\"></span>9. Szczeg\u00f3\u0142y dotycz\u0105ce udzielonych Sierra <span class=\"_ _3\"></span>Gorda S.C.M. gwar<span class=\"_ _3\"></span>ancji opisane zosta<span class=\"_ _3\"></span>\u0142y w Nocie 8.6.<span class=\"_ _192\"> </span> Skr\u00f3cone dane fi<span class=\"_ _3\"></span>nansowe dotyc<span class=\"_ _3\"></span>z\u0105ce Sierra Gorda S.C.M. <span class=\"_ _3\"></span>przedstawiono w <span class=\"_ _3\"></span>tabeli poni\u017cej Stan na 31.12.2022  Stan na 31.12.2021 Aktywa trwa\u0142e <span class=\"_ _109\"> </span><span class=\"fc4\"> </span>22 052<span class=\"_ _192\"> </span>19 848<span class=\"_ _192\"> </span>Aktywa obrotowe, w<span class=\"_ _3\"></span> tym: <span class=\"_ _10a\"> </span><span class=\"fc4\"> </span>2 608<span class=\"_ _192\"> </span>2 393<span class=\"_ _192\"> </span>\u015arodki pieni\u0119\u017cne i ekwi<span class=\"_ _3\"></span>walenty \u015brodk\u00f3w <span class=\"_ _3\"></span>pieni\u0119\u017cnych <span class=\"_ _9c\"> </span><span class=\"fc4\"> </span> 377 776<span class=\"_ _192\"> </span>Zobowi\u0105zania d\u0142<span class=\"_ _3\"></span>ugoterminowe, w<span class=\"_ _3\"></span> tym: <span class=\"_ _105\"> </span><span class=\"fc4\"> </span>23 751<span class=\"_ _192\"> </span>21 768<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w, po\u017cycz<span class=\"_ _3\"></span>ek bankowych i leasingu<span class=\"_ _3\"></span> <span class=\"_ _10b\"> </span><span class=\"fc4\"> </span>2 242<span class=\"_ _192\"> </span>1 713<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u po\u017cyczek od podm<span class=\"_ _3\"></span>iot\u00f3w wsp\u00f3\u0142kon<span class=\"_ _3\"></span>troluj\u0105cych<span class=\"_ _192\"> </span>20 891<span class=\"_ _192\"> </span>19 531<span class=\"_ _192\"> </span>Zobowi\u0105zania kr<span class=\"_ _3\"></span>\u00f3tkoterminowe, w <span class=\"_ _3\"></span>tym: <span class=\"_ _a7\"> </span><span class=\"ff2 fc4\"> </span>1 689<span class=\"_ _192\"> </span>1 585<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w, po\u017cycz<span class=\"_ _3\"></span>ek bankowych i leasingu<span class=\"_ _3\"></span> <span class=\"_ _10b\"> </span><span class=\"fc4\"> </span> 63 106<span class=\"_ _192\"> </span>Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa aktyw\u00f3w netto (z uw<span class=\"_ _3\"></span>zgl\u0119dnieniem wyc<span class=\"_ _3\"></span>en  do warto\u015bci god<span class=\"_ _3\"></span>ziwej z dnia obj\u0119ci<span class=\"_ _3\"></span>a wsp\u00f3\u0142kontroli) ( 780)<span class=\"_ _192\"> </span>(1 112)<span class=\"_ _192\"> </span>Udzia\u0142 Grupy Kapita<span class=\"_ _3\"></span>\u0142owej w warto\u015bci akt<span class=\"_ _3\"></span>yw\u00f3w netto (55%)<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span><span class=\"fc4\"> </span>( 429)<span class=\"_ _192\"> </span>( 612)<span class=\"_ _192\"> </span>\u0141\u0105czne skumul<span class=\"_ _3\"></span>owane nieuj\u0119te udz<span class=\"_ _3\"></span>ia\u0142y w stracie Sierra <span class=\"_ _3\"></span>Gorda S.C.M. (ujemne skumul<span class=\"_ _3\"></span>owane ca\u0142kowite <span class=\"_ _3\"></span>dochody) 1 174<span class=\"_ _192\"> </span>1 283<span class=\"_ _192\"> </span>Saldo odpisu z tytu<span class=\"_ _3\"></span>\u0142y utraty warto\u015bci udzia<span class=\"_ _3\"></span>\u0142\u00f3w Sierra Gorda <span class=\"_ _3\"></span>S.C.M. <span class=\"_ _10d\"> </span><span class=\"fc4\"> </span>( 671)<span class=\"_ _192\"> </span>( 671)<span class=\"_ _192\"> </span>Nieuj\u0119ta korekta z<span class=\"_ _3\"></span> tytu\u0142u zysk\u00f3w niezr<span class=\"_ _3\"></span>ealizowanych na <span class=\"_ _3\"></span>transakcji pomi\u0119dzy Grup\u0105 a <span class=\"_ _3\"></span>wsp\u00f3lnym prz<span class=\"_ _3\"></span>edsi\u0119wzi\u0119ciem (zbyci<span class=\"_ _3\"></span>e projektu Oxide) ( 74)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Warto\u015b\u0107 inwestyc<span class=\"_ _3\"></span>ji w skonsolidowanym <span class=\"_ _3\"></span>sprawozdaniu  z sytuacji finansow<span class=\"_ _3\"></span>ej -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>od 01.01.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Przychody z um\u00f3w <span class=\"_ _3\"></span>z klientami 7 225<span class=\"_ _192\"> </span>8 335<span class=\"_ _192\"> </span>Amortyzacja (1 704)<span class=\"_ _192\"> </span>(1 413)<span class=\"_ _192\"> </span>Odwr\u00f3cenie odpisu <span class=\"_ _3\"></span>z tytu\u0142u utraty war<span class=\"_ _3\"></span>to\u015bci rzeczowych aktyw<span class=\"_ _3\"></span>\u00f3w trwa\u0142ych -<span class=\"_ _192\"> </span>4 799<span class=\"_ _192\"> </span>Koszty z tytu\u0142u odse<span class=\"_ _3\"></span>tek (1 440)<span class=\"_ _192\"> </span>(1 349)<span class=\"_ _192\"> </span>Inne przychody/(k<span class=\"_ _3\"></span>oszty) (3 325)<span class=\"_ _192\"> </span>(2 670)<span class=\"_ _192\"> </span>Zysk brutto  756<span class=\"_ _192\"> </span>7 702  <span class=\"_ _49\"> </span>Podatek dochod<span class=\"_ _3\"></span>owy ( 321)<span class=\"_ _192\"> </span>(1 924)<span class=\"_ _192\"> </span>Zysk netto  435<span class=\"_ _192\"> </span>5 778<span class=\"_ _192\"> </span>R\u00f3\u017cnice kursow<span class=\"_ _3\"></span>e z przeliczenia aktyw<span class=\"_ _3\"></span>\u00f3w netto Sierra Gorda S.C.<span class=\"_ _3\"></span>M. na walut\u0119 prezentacj<span class=\"_ _3\"></span>i w PLN <span class=\"_ _10e\"> </span>  ( 103)<span class=\"_ _192\"> </span>( 469)<span class=\"_ _192\"> </span>\u0141\u0105czne ca\u0142kowite d<span class=\"_ _3\"></span>ochody  332<span class=\"_ _192\"> </span>5 309<span class=\"_ _192\"> </span>Pozosta\u0142e inform<span class=\"_ _3\"></span>acje dot. udzia\u0142u Grupy <span class=\"_ _3\"></span>Kapita\u0142owej w<span class=\"_ _3\"></span> przedsi\u0119wzi\u0119ciu Sierr<span class=\"_ _3\"></span>a Gorda S.C.M.<span class=\"ff2 fc0\"> </span>Stan na 31.12.2022<span class=\"_ _192\"> </span>Stan na 31.12.2021<span class=\"_ _192\"> </span>Udzia\u0142 Grupy w <span class=\"_ _3\"></span>umownych zobowi\u0105z<span class=\"_ _3\"></span>aniach (inwestycyjnych i <span class=\"_ _3\"></span>operacyjnych)<span class=\"_ _192\"> </span>7 153<span class=\"_ _192\"> </span>5 865<span class=\"_ _192\"> </span>Udzia\u0142 Grupy w <span class=\"_ _3\"></span>\u0142\u0105cznej kwocie prz<span class=\"_ _3\"></span>ysz\u0142ych op\u0142at leasingow<span class=\"_ _3\"></span>ych brutto  z tytu\u0142u um\u00f3w l<span class=\"_ _3\"></span>easingu sprz\u0119tu g\u00f3rniczeg<span class=\"_ _3\"></span>o  459 495<span class=\"_ _192\"> </span>Nota 8.6<span class=\"_ _192\"> </span>Gwarancje udziel<span class=\"_ _3\"></span>one przez Grup\u0119 <span class=\"_ _10f\"> </span><span class=\"fc4\"> </span> 969 670<span class=\"_ _192\"> </span>Nota 6.2 Po\u017cycz<span class=\"_ _3\"></span>ki udzielone wsp<span class=\"_ _3\"></span>\u00f3lnemu przedsi\u0119wzi\u0119ciu <span class=\"_ _3\"></span>(Sierra Gord<span class=\"_ _3\"></span>a S.C.M.) Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _a7\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a,  za\u0142o\u017cenia i <span class=\"_ _3\"></span>os\u0105dy Po\u017cyczki <span class=\"_ _6c\"> </span>udzielone <span class=\"_ _37\"> </span>Sierra <span class=\"_ _6c\"> </span>Gorda <span class=\"_ _6c\"> </span>S.C.M. <span class=\"_ _6c\"> </span>zosta\u0142y zakwalifikowane <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>aktyw\u00f3w <span class=\"_ _5a\"> </span>finansowych <span class=\"_ _5a\"> </span>dotkni\u0119tych utrat\u0105 <span class=\"_ _0\"></span>wart<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>wzgl\u0119du <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>wysokie <span class=\"_ _53\"></span>ryzyko <span class=\"_ _0\"></span>kredytowe<span class=\"_ _3\"></span> na  moment  pocz\u0105<span class=\"_ _3\"></span>tkowego  uj\u0119cia <span class=\"_ _74\"> </span>(POCI).  Po\u017cyczki  POCI wyceniane <span class=\"_ _67\"> </span>s\u0105 <span class=\"_ _55\"> </span>we<span class=\"_ _2\"></span>d\u0142ug <span class=\"_ _5e\"> </span>zamortyzowanego <span class=\"_ _5e\"> </span>kosztu <span class=\"_ _67\"> </span>prz<span class=\"_ _3\"></span>y zastosowaniu <span class=\"_ _69\"> </span>metody <span class=\"_ _5d\"> </span>efektywnej <span class=\"_ _69\"> </span>stopy <span class=\"_ _5d\"> </span>procent<span class=\"_ _3\"></span>owej skorygowanej <span class=\"_ _5a\"> </span>o <span class=\"_ _5a\"> </span>ryzyko <span class=\"_ _5a\"> </span>kredytowe <span class=\"_ _5a\"> </span>przy <span class=\"_ _5a\"> </span>wy<span class=\"_ _2\"></span>korzystani<span class=\"_ _3\"></span>u analizy <span class=\"_ _59\"> </span>scenariuszowej <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>dost\u0119pnych <span class=\"_ _59\"> </span>wolnych <span class=\"_ _59\"> </span>\u015brodk\u00f3w pieni\u0119\u017cnych Sierra <span class=\"_ _3\"></span>Gorda S.C.M. Warunki <span class=\"_ _64\"> </span>sp\u0142aty <span class=\"_ _64\"> </span>po\u017cycz<span class=\"_ _3\"></span>ek <span class=\"_ _64\"> </span>udzielonych <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>finans<span class=\"_ _3\"></span>owanie operacji <span class=\"_ _53\"></span>zagranicznych, <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span> tym <span class=\"_ _2\"></span>przewidywane <span class=\"_ _53\"></span>terminy <span class=\"_ _53\"></span>sp\u0142aty, zosta\u0142y <span class=\"_ _67\"> </span>okre\u015blone <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>poszczeg\u00f3lnych <span class=\"_ _67\"> </span>umowach. <span class=\"_ _67\"> </span>Zgodni<span class=\"_ _3\"></span>e z harmonogram<span class=\"_ _3\"></span>em, <span class=\"_ _54\"> </span>kwota <span class=\"_ _54\"> </span>g\u0142\u00f3wna <span class=\"_ _54\"> </span>i ods<span class=\"_ _3\"></span>etki <span class=\"_ _54\"> </span>p\u0142atne <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _54\"> </span>na<span class=\"_ _3\"></span> \u017c\u0105danie, <span class=\"_ _59\"> </span>nie <span class=\"_ _59\"> </span>p\u00f3\u017aniej <span class=\"_ _59\"> </span>jednak <span class=\"_ _59\"> </span>ni\u017c <span class=\"_ _59\"> </span>do 15 grudnia <span class=\"_ _59\"> </span>2024 <span class=\"_ _59\"> </span>r. <span class=\"_ _59\"> </span>Ze wzgl\u0119du na implemen<span class=\"_ _3\"></span>tacj\u0119 MSSF 9,<span class=\"_ _3\"></span> na dzie\u0144 1 stycznia 2018 r. oszacowano <span class=\"_ _2\"></span>oczekiwan\u0105 <span class=\"_ _53\"></span>niezdyskontowan\u0105 <span class=\"_ _2\"></span>strat\u0119 <span class=\"_ _53\"></span>kredytow\u0105<span class=\"_ _3\"></span> na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln <span class=\"_ _57\"> </span>US<span class=\"_ _2\"></span>D <span class=\"_ _57\"> </span>przeliczone  kursem <span class=\"_ _57\"> </span>NBP <span class=\"_ _57\"> </span>USD/PLN <span class=\"_ _57\"> </span>3,48<span class=\"_ _3\"></span>13 z dnia 29 <span class=\"_ _3\"></span>grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez <span class=\"_ _3\"></span>Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od<span class=\"_ _3\"></span> sytuacji  fi<span class=\"_ _2\"></span>nansow<span class=\"_ _3\"></span>ej <span class=\"_ _57\"> </span>tej <span class=\"_ _57\"> </span>sp\u00f3<span class=\"_ _3\"></span>\u0142ki. <span class=\"_ _57\"> </span>W  zwi\u0105zku <span class=\"_ _57\"> </span>z  dobr\u0105 <span class=\"_ _57\"> </span>sytuacj\u0105 finansow\u0105 <span class=\"_ _0\"></span>w 2021<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>mia\u0142y <span class=\"_ _0\"> </span>mie<span class=\"_ _2\"></span>jsce <span class=\"_ _53\"></span>pierwsze <span class=\"_ _0\"> </span>sp\u0142aty <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>\u0142\u0105cznej kwocie <span class=\"_ _5a\"> </span>308 mln <span class=\"_ _5a\"> </span>USD<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>(1 <span class=\"_ _54\"> </span>259 <span class=\"_ _5a\"> </span>mln <span class=\"_ _5a\"> </span>PLN<span class=\"_ _2\"></span>). <span class=\"_ _5a\"> </span>W <span class=\"_ _54\"> </span>roku <span class=\"_ _5a\"> </span>2022 <span class=\"_ _5a\"> </span>r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej <span class=\"_ _57\"> </span>kwocie  193  mln  USD (789  mln <span class=\"_ _57\"> </span>PLN). <span class=\"_ _57\"> </span>Z uwagi  na<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>to,  \u017ce <span class=\"_ _57\"> </span>rozliczenie <span class=\"_ _57\"> </span>po\u017cyczki <span class=\"_ _57\"> </span>jest planowane <span class=\"_ _69\"> </span>i prawdopodobne <span class=\"_ _67\"> </span>w <span class=\"_ _5d\"> </span>daj\u0105cej <span class=\"_ _69\"> </span>si\u0119 <span class=\"_ _69\"> </span>przewidzie\u0107 przysz\u0142o\u015bci, <span class=\"_ _62\"> </span>po\u017cyczka <span class=\"_ _62\"> </span>ta <span class=\"_ _62\"> </span>nie <span class=\"_ _62\"> </span>stanowi <span class=\"_ _62\"> </span>inwestycji <span class=\"_ _62\"> </span>netto w rozumieniu MSR 2<span class=\"_ _3\"></span>1.15.  Grupa <span class=\"_ _53\"></span>przeprowadzi\u0142a <span class=\"_ _53\"></span>wycen\u0119 <span class=\"_ _53\"></span>po\u017cyczki <span class=\"_ _0\"></span>zgodni<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>z wymogam<span class=\"_ _3\"></span>i MSSF <span class=\"_ _65\"> </span>9.5.5.17. <span class=\"_ _65\"> </span>Dla <span class=\"_ _65\"> </span>oszaco<span class=\"_ _3\"></span>wania <span class=\"_ _65\"> </span>oczekiwanych <span class=\"_ _65\"> </span>strat<span class=\"_ _3\"></span> kredytowych <span class=\"_ _67\"> </span>wykorzystano <span class=\"_ _69\"> </span>analiz<span class=\"_ _3\"></span>\u0119 <span class=\"_ _69\"> </span>scenariuszow\u0105 <span class=\"_ _67\"> </span>(MSSF 9.5.5.18) <span class=\"_ _1\"> </span>obejmuj\u0105c\u0105 <span class=\"_ _1\"> </span>za\u0142o\u017cenia <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>odno\u015bnie <span class=\"_ _1\"> </span>sp\u0142<span class=\"_ _2\"></span>acalno\u015bci<span class=\"_ _3\"></span> udzielonej <span class=\"_ _5b\"> </span>po\u017cyczki. <span class=\"_ _5b\"> </span>Analiz\u0119 <span class=\"_ _5b\"> </span>sce<span class=\"_ _2\"></span>nariuszow\u0105 <span class=\"_ _5b\"> </span>oparto <span class=\"_ _5b\"> </span>o przep\u0142ywy <span class=\"_ _55\"> </span>pieni\u0119\u017cne <span class=\"_ _54\"> </span>Sierra <span class=\"_ _55\"> </span>Gorda <span class=\"_ _55\"> </span>S.C.M. <span class=\"_ _55\"> </span>oszacowane <span class=\"_ _54\"> </span>w oparciu <span class=\"_ _5a\"> </span>o <span class=\"_ _5a\"> </span>aktualne <span class=\"_ _5a\"> </span>\u015bcie\u017cki <span class=\"_ _54\"> </span>ry<span class=\"_ _3\"></span>nkowych <span class=\"_ _5a\"> </span>prognoz <span class=\"_ _5a\"> </span>cenowych metali, <span class=\"_ _63\"> </span>kt\u00f3re <span class=\"_ _65\"> </span>nas<span class=\"_ _3\"></span>t\u0119pnie <span class=\"_ _65\"> </span>z<span class=\"_ _3\"></span>osta\u0142y <span class=\"_ _63\"> </span>zdyskontowane <span class=\"_ _63\"> </span>przy zastosowaniu <span class=\"_ _53\"></span>e<span class=\"_ _2\"></span>fektywnej <span class=\"_ _0\"></span>stopy <span class=\"_ _53\"></span>procentowej <span class=\"_ _0\"></span>skorygowanej <span class=\"_ _0\"></span>o ryzyko <span class=\"_ _62\"> </span>kredy<span class=\"_ _3\"></span>towe, <span class=\"_ _62\"> </span>ustalonej <span class=\"_ _64\"> </span>przy <span class=\"_ _62\"> </span>pocz\u0105tkowym <span class=\"_ _62\"> </span>uj<span class=\"_ _3\"></span>\u0119ciu po\u017cyczki zgodnie z<span class=\"_ _3\"></span> MSSF 9.B5.5.45 <span class=\"_ _3\"></span>na poziomie 6,42%. Pozosta\u0142e <span class=\"_ _5d\"> </span>istotne <span class=\"_ _69\"> </span>za\u0142o\u017cenia <span class=\"_ _5d\"> </span>wykorzystan<span class=\"_ _3\"></span>e <span class=\"_ _5d\"> </span>przy <span class=\"_ _5d\"> </span>wycenie<span class=\"_ _3\"></span> po\u017cyczki dotycz\u0105:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">prawdopod<span class=\"_ _3\"></span>obie\u0144stwa realizacji poszcz<span class=\"_ _3\"></span>eg\u00f3lnych </span></span>scenariuszy wyc<span class=\"_ _3\"></span>eny, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">poziomu pr<span class=\"_ _3\"></span>odukcji, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">poziomu koszt<span class=\"_ _3\"></span>\u00f3w, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">poziomu na<span class=\"_ _3\"></span>k\u0142ad\u00f3w inwestycyjny<span class=\"_ _3\"></span>ch, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">finansowania <span class=\"_ _3\"></span>zewn\u0119trznego Sier<span class=\"_ _3\"></span>ra Gorda S.C.M., </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">formy i p<span class=\"_ _3\"></span>oziomu finansowania w<span class=\"_ _3\"></span>\u0142a\u015bcicielskiego Sierra </span></span>Gorda S.C.M., \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">opodatkowania <span class=\"_ _3\"></span>na poziomie Si<span class=\"_ _3\"></span>erra Gorda S.C.M., </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">dystrybucji \u015br<span class=\"_ _3\"></span>odk\u00f3w pieni\u0119\u017cnych<span class=\"_ _3\"></span>.  </span></span>Przysz\u0142a realizacja <span class=\"_ _3\"></span>za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu<span class=\"_ _3\"></span> czynnik\u00f3w <span class=\"_ _0\"></span>makroekon<span class=\"_ _3\"></span>omicznych, <span class=\"_ _0\"></span>operacyjnych, <span class=\"_ _53\"></span>f<span class=\"_ _2\"></span>inansowych<span class=\"_ _3\"></span> oraz <span class=\"_ _0\"></span>uzgodnie\u0144 <span class=\"_ _0\"></span>pomi\u0119dzy <span class=\"_ _0\"></span>partn<span class=\"_ _3\"></span>erami <span class=\"_ _0\"></span>JV <span class=\"_ _0\"></span>(analiza <span class=\"_ _0\"></span>wra\u017cliwo\u015bci<span class=\"_ _3\"></span> warto\u015bci bilans<span class=\"_ _3\"></span>owej po\u017cyczki w Noci<span class=\"_ _3\"></span>e 7.5.2.4).<span class=\"_ _192\"> </span>2022<span class=\"_ _2\"></span><span class=\"ff4\"> </span>55   <span class=\"_ _110\"> </span>2022 <span class=\"_ _110\"> </span>  <span class=\"_ _33\"> </span>2021 Stan na 1 styc<span class=\"_ _3\"></span>znia <span class=\"_ _e0\"> </span><span class=\"fc4\"> </span>8 314<span class=\"_ _192\"> </span>6 069<span class=\"_ _192\"> </span>Sp\u0142ata po\u017cyczek (kapi<span class=\"_ _3\"></span>ta\u0142 i odsetki) <span class=\"_ _39\"> </span><span class=\"fc4\"> </span>( 789)<span class=\"_ _192\"> </span>(1 259)<span class=\"_ _192\"> </span>Naliczone odsetki <span class=\"_ _31\"> </span><span class=\"fc4\"> </span> 582 494<span class=\"_ _192\"> </span>Nota 4.4 Zysk z tytu\u0142u odwr<span class=\"_ _3\"></span>\u00f3cenia utraty warto\u015bci  <span class=\"_ _89\"> </span><span class=\"fc4\"> </span> 873<span class=\"_ _192\"> </span>2 380<span class=\"_ _192\"> </span>R\u00f3\u017cnice kursow<span class=\"_ _3\"></span>e z przeliczenia spra<span class=\"_ _3\"></span>wozda\u0144 jednostek  <span class=\"_ _3\"></span> o walucie funkcjonaln<span class=\"_ _3\"></span>ej innej ni\u017c PLN    623 630<span class=\"_ _192\"> </span>Stan na 31 grud<span class=\"_ _3\"></span>nia <span class=\"_ _26\"> </span><span class=\"fc4\"> </span>9 603<span class=\"_ _192\"> </span>8 314<span class=\"_ _192\"> </span>Udzielona Sierra <span class=\"_ _3\"></span>Gorda S.C.M. po\u017cyczka opr<span class=\"_ _3\"></span>ocentowana jest sta\u0142<span class=\"_ _3\"></span>\u0105 stop\u0105 procentow\u0105 w<span class=\"_ _3\"></span> wysoko\u015bci 8%. Na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>szacowa\u0142a <span class=\"_ _53\"></span>przewidywane <span class=\"_ _53\"></span>przep\u0142ywy <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>tytu\u0142u <span class=\"_ _0\"></span>sp\u0142aty <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>tytu\u0142u <span class=\"_ _53\"></span>udzielonych po\u017cyczek <span class=\"_ _53\"></span>S<span class=\"_ _2\"></span>ierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _0\"></span>S.C.M., <span class=\"_ _0\"></span>w wyniku <span class=\"_ _53\"></span>czego <span class=\"_ _0\"></span>dokonano <span class=\"_ _0\"></span>odwr\u00f3<span class=\"_ _3\"></span>cenia <span class=\"_ _0\"></span>odpisu <span class=\"_ _0\"></span>z tytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kwocie <span class=\"_ _0\"></span>873 <span class=\"_ _0\"></span>mln PLN <span class=\"_ _0\"></span>(w I p\u00f3\u0142roczu <span class=\"_ _53\"></span>2022r. <span class=\"_ _0\"></span>uj\u0119to <span class=\"_ _53\"></span>odwr\u00f3cenie <span class=\"_ _0\"></span>odpisu <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kwocie <span class=\"_ _0\"></span>783 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>PLN, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>II <span class=\"_ _0\"></span>p\u00f3\u0142roczu <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>kwo<span class=\"_ _2\"></span>cie <span class=\"_ _53\"></span>90 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN). W okresie por\u00f3wn<span class=\"_ _3\"></span>ywalnym dokona<span class=\"_ _3\"></span>no odwr\u00f3cenia odpisu w <span class=\"_ _3\"></span>kwocie 2 38<span class=\"_ _3\"></span>0 mln PLN.  Za\u0142o\u017cenia  przyj\u0119te  do  szacunku  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  Sierra  Gorda  S.C.M.  (notowania  cen  metali  oraz <span class=\"_ _57\"> </span>pozosta\u0142<span class=\"_ _3\"></span>e kluczowe za\u0142o\u017cenia) pr<span class=\"_ _3\"></span>zedstawione zos<span class=\"_ _3\"></span>ta\u0142y poni\u017cej:<span class=\"_ _192\"> </span>Podstawowe za\u0142o<span class=\"_ _3\"></span>\u017cenia<span class=\"_ _192\"> </span>makroekon<span class=\"_ _3\"></span>omiczne przyj\u0119te w <span class=\"_ _3\"></span>szacowaniu przep\u0142yw<span class=\"_ _3\"></span>\u00f3w pieni\u0119\u017cnych \u2013<span class=\"_ _192\"> </span>notowania cen miedzi i z\u0142ota<span class=\"_ _3\"></span> \u015acie\u017cki cenowe z<span class=\"_ _3\"></span>osta\u0142y przyj\u0119te uw<span class=\"_ _3\"></span>zgl\u0119dniaj\u0105c aktualne pr<span class=\"_ _3\"></span>ognozy rynkowe:<span class=\"_ _192\"> </span>Okres 2023<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>2027<span class=\"_ _192\"> </span>LT<span class=\"_ _192\"> </span>Cena miedzi [US<span class=\"_ _3\"></span>D/t]<span class=\"_ _192\"> </span>8 2008 5008 5008 5008 5007 700Cena z\u0142ota [USD/<span class=\"_ _3\"></span>oz] 1 7501 7501 7001 6001 5501 500Pozosta\u0142e kluczow<span class=\"_ _3\"></span>e za\u0142o\u017cenia dl<span class=\"_ _3\"></span>a szacunku przep\u0142yw\u00f3w <span class=\"_ _3\"></span>pieni\u0119\u017cnych <span class=\"_ _3\"></span> Okres \u017cycia kopalni <span class=\"_ _3\"></span>/ okres prognozy<span class=\"_ _192\"> </span>26<span class=\"_ _192\"> </span>Poziom produkcji mi<span class=\"_ _3\"></span>edzi w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni  (tys. t)<span class=\"_ _192\"> </span>3 781<span class=\"_ _192\"> </span>Poziom produkcji molibdenu <span class=\"_ _3\"></span>w okresie \u017cycia kopalni (m<span class=\"_ _3\"></span>ln funt\u00f3w)<span class=\"_ _192\"> </span>239<span class=\"_ _192\"> </span>Poziom produkcji z\u0142<span class=\"_ _3\"></span>ota w okresie \u017c<span class=\"_ _3\"></span>ycia kopalni (tys. oz)<span class=\"_ _192\"> </span>1 151<span class=\"_ _192\"> </span>\u015arednia mar\u017ca <span class=\"_ _3\"></span>operacyjna w okresi<span class=\"_ _3\"></span>e \u017cycia kopalni<span class=\"_ _192\"> </span>43,97%<span class=\"_ _192\"> </span>Zastosowana stopa d<span class=\"_ _3\"></span>yskonta po opodatk<span class=\"_ _3\"></span>owaniu (wykorzystana <span class=\"_ _3\"></span>do wyliczenia wart<span class=\"_ _3\"></span>o\u015bci godziwej dla cel\u00f3w <span class=\"_ _3\"></span>ujawnienia w Nocie 7)<span class=\"_ _3\"></span> 9,75%<span class=\"_ _192\"> </span>Poziom nak\u0142ad\u00f3w inw<span class=\"_ _3\"></span>estycyjnych <span class=\"_ _3\"></span>do poniesienia w okresi<span class=\"_ _3\"></span>e \u017cycia kopalni (mln USD<span class=\"_ _3\"></span>) <span class=\"_ _111\"> </span>1 573<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 7 \u2013 I<span class=\"_ _2\"></span>nstrumenty finansowe <span class=\"_ _2\"></span>i zarz\u0105dzan<span class=\"_ _2\"></span>ie ryzykiem finansow<span class=\"_ _2\"></span>ym Nota 7.1 Instr<span class=\"_ _3\"></span>umenty finanso<span class=\"_ _3\"></span>we  Stan na 31.12.202<span class=\"_ _2\"></span>2 Stan na 31.12.202<span class=\"_ _2\"></span>1 Aktywa finansowe<span class=\"_ _2\"></span> W warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe<span class=\"_ _2\"></span>  521 9010 072 70911 392 615 328 366 5859 598Po\u017cyczki udziel<span class=\"_ _2\"></span>one na rzecz wsp\u00f3l<span class=\"_ _2\"></span>nego przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia --9 603-9 603--7 867-7 867Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe - 5- 709 714- 10- 585 595Inne inst<span class=\"_ _2\"></span>rumenty finans<span class=\"_ _2\"></span>owe  wyceniane w warto\u015bc<span class=\"_ _2\"></span>i godziwej  521 85-- 606 615 22-- 637Inne inst<span class=\"_ _2\"></span>rumenty finans<span class=\"_ _2\"></span>owe  wyceniane w zamor<span class=\"_ _2\"></span>tyzowanym koszc<span class=\"_ _2\"></span>ie* -- 469- 469-- 499- 499Kr\u00f3tkoterminowe<span class=\"_ _2\"></span> - 8291 926 7553 510- 6322 920 2493 801Po\u017cyczki udziel<span class=\"_ _2\"></span>one na rzecz wsp\u00f3l<span class=\"_ _2\"></span>nego przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia ------- 447- 447Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w* - 751 426-1 177- 627 397-1 024Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe  - 41- 755 796- 5- 249 254\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty*<span class=\"_ _2\"></span> --1 200-1 200--1 904-1 904  <span class=\"_ _112\"> </span>Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe - 37 300- 337-- 172- 172Razem 521 91911 9981 46414 902 615 66411 286 83413 399* W tym salda do<span class=\"_ _2\"></span>tycz\u0105ce aktyw\u00f3w<span class=\"_ _2\"></span> i zobowi\u0105za\u0144<span class=\"_ _2\"></span> przeznaczonych d<span class=\"_ _2\"></span>o zbycia dotycz\u0105ce 2021 r. zap<span class=\"_ _2\"></span>rezento<span class=\"_ _2\"></span>wane w tabel<span class=\"_ _2\"></span>i poni\u017cej. Pe\u0142na in<span class=\"_ _2\"></span>formacja dotycz\u0105ca aktyw<span class=\"_ _2\"></span>\u00f3w i zobowi<span class=\"_ _2\"></span>\u0105za\u0144 przeznaczony<span class=\"_ _2\"></span>ch do zbycia zap<span class=\"_ _2\"></span>rezentowan<span class=\"_ _2\"></span>a w Nocie 9.8Stan na 31.12.202<span class=\"_ _2\"></span>2 Stan na 31.12.202<span class=\"_ _2\"></span>1 Zobowi\u0105zania finans<span class=\"_ _2\"></span>owe W warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu     <span class=\"_ _2\"></span>                        Instrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu     <span class=\"_ _2\"></span>                        Instrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe<span class=\"_ _2\"></span>  195 460 7006 179 785 6961 0566 830Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> kredyt\u00f3w, <span class=\"_ _2\"></span> po\u017cyczek, leasin<span class=\"_ _2\"></span>gu oraz d\u0142u\u017cnych <span class=\"_ _2\"></span> papier\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych* -5 220-5 220-5 475-5 475Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe  19- 700 719 78-1 0561 134  <span class=\"_ _113\"> </span>Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> - 240- 240- 221- 221Kr\u00f3tkoterminowe<span class=\"_ _2\"></span>  1884 440 2804 908 2003 587 8484 635Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> kredyt\u00f3w, <span class=\"_ _2\"></span> po\u017cyczek, leasin<span class=\"_ _2\"></span>gu oraz d\u0142u\u017cnych <span class=\"_ _2\"></span> papier\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych* -1 223-1 223- 474- 474Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe  154- 280 434 41- 848 889Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w*<span class=\"_ _2\"></span> -3 076-3 076-2 919-2 919Zobowi\u0105zania podob<span class=\"_ _2\"></span>ne - faktoring d<span class=\"_ _2\"></span>\u0142u\u017cny - 18- 18- 95- 95  <span class=\"_ _113\"> </span>Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe*<span class=\"_ _2\"></span>  34 123- 157 159 99- 258Razem  2079 900 98011 087 2789 2831 90411 465*W tym salda do<span class=\"_ _2\"></span>tycz\u0105ce aktyw\u00f3w<span class=\"_ _2\"></span> i zobowi\u0105za\u0144<span class=\"_ _2\"></span> przeznaczonych d<span class=\"_ _2\"></span>o zbycia dotycz\u0105ce 2021 r. zap<span class=\"_ _2\"></span>rezento<span class=\"_ _2\"></span>wane w tabelach p<span class=\"_ _2\"></span>oni\u017cej. Pe\u0142na i<span class=\"_ _2\"></span>nformacja dotycz\u0105<span class=\"_ _2\"></span>ca aktyw\u00f3w i zob<span class=\"_ _2\"></span>owi\u0105za\u0144 przezn<span class=\"_ _2\"></span>aczonych do zb<span class=\"_ _2\"></span>ycia zaprezentowan<span class=\"_ _2\"></span>a w Nocie 9.8.Stan na 31.12.<span class=\"_ _2\"></span>2021 Aktywa finans<span class=\"_ _2\"></span>owe - przezn<span class=\"_ _2\"></span>aczone do sp<span class=\"_ _2\"></span>rzeda\u017cy (grupa <span class=\"_ _2\"></span>zbycia) W warto\u015bci godziwej<span class=\"_ _192\"> </span>przez wynik finansowy<span class=\"_ _192\"> </span>Wed\u0142ug zamort<span class=\"_ _2\"></span>yzo- wanego koszt<span class=\"_ _2\"></span>u<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>D\u0142ugoterminow<span class=\"_ _2\"></span>e - 3 3<span class=\"_ _192\"> </span>Inne ins<span class=\"_ _2\"></span>trumenty fin<span class=\"_ _2\"></span>ansowe  wyceniane w za<span class=\"_ _2\"></span>mortyzowanym<span class=\"_ _2\"></span> koszcie - 3 3<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e  13 22 35<span class=\"_ _192\"> </span>Nale\u017cno\u015bci<span class=\"_ _2\"></span> od odbiorc<span class=\"_ _2\"></span>\u00f3w  13 2 15<span class=\"_ _192\"> </span>\u015arodki pie<span class=\"_ _2\"></span>ni\u0119\u017cne i ekwiwalent<span class=\"_ _2\"></span>y - 20 20<span class=\"_ _192\"> </span>Razem <span class=\"_ _68\"> </span><span class=\"ff2 fc0\">  </span> 13 25 38<span class=\"_ _192\"> </span>Zobowi\u0105zania <span class=\"_ _2\"></span>finansowe w<span class=\"_ _2\"></span>ed\u0142ug zamo<span class=\"_ _2\"></span>rtyzowanego <span class=\"_ _2\"></span>kosztu  - zob<span class=\"_ _2\"></span>owi\u0105zania <span class=\"_ _2\"></span>zwi\u0105zane z gr<span class=\"_ _2\"></span>up\u0105 zbycia     <span class=\"_ _2\"></span>         Stan na 31.12.<span class=\"_ _2\"></span>2021 D\u0142ugoterminow<span class=\"_ _2\"></span>e  66<span class=\"_ _192\"> </span>Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w, po\u017cyc<span class=\"_ _2\"></span>zek, leasingu or<span class=\"_ _2\"></span>az d\u0142u\u017cnych papie<span class=\"_ _2\"></span>r\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych  66<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e  66<span class=\"_ _192\"> </span>Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w, po\u017cyc<span class=\"_ _2\"></span>zek, leasingu or<span class=\"_ _2\"></span>az d\u0142u\u017cnych papie<span class=\"_ _2\"></span>r\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych  19<span class=\"_ _192\"> </span>Zobowi\u0105zania w<span class=\"_ _2\"></span>obec dost<span class=\"_ _2\"></span>awc\u00f3w  40<span class=\"_ _192\"> </span>Pozosta\u0142e zobo<span class=\"_ _2\"></span>wi\u0105zania finan<span class=\"_ _2\"></span>sowe  7<span class=\"_ _192\"> </span>Razem  132<span class=\"_ _192\"> </span>Stan na 31.12.<span class=\"_ _2\"></span>2021 Aktywa finans<span class=\"_ _2\"></span>owe - z wy\u0142\u0105c<span class=\"_ _2\"></span>zeniem aktyw\u00f3w<span class=\"_ _2\"></span> przeznaczonyc<span class=\"_ _2\"></span>h do sprzeda\u017cy (g<span class=\"_ _2\"></span>rupa zbyci<span class=\"_ _2\"></span>a) W warto\u015bci godziwej przez<span class=\"_ _2\"></span> pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>W warto\u015bci godziwej<span class=\"_ _192\"> </span>przez wynik finansowy<span class=\"_ _192\"> </span>Wed\u0142ug zamortyzo- wanego koszt<span class=\"_ _2\"></span>u<span class=\"_ _192\"> </span>Instrumenty zabezpie-<span class=\"_ _192\"> </span>czaj\u0105ce<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>D\u0142ugoterminow<span class=\"_ _2\"></span>e  615 32<span class=\"_ _192\"> </span>8 363 585<span class=\"_ _192\"> </span>9 595<span class=\"_ _192\"> </span>Po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzec<span class=\"_ _2\"></span>z wsp\u00f3lnego przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>7 867<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>7 867<span class=\"_ _192\"> </span>Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe - 10<span class=\"_ _192\"> </span>- 585 595<span class=\"_ _192\"> </span>Inne ins<span class=\"_ _2\"></span>trumenty fin<span class=\"_ _2\"></span>ansowe  wyceniane w wart<span class=\"_ _2\"></span>o\u015bci godziwe<span class=\"_ _2\"></span>j  615 22<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 637<span class=\"_ _192\"> </span>Inne ins<span class=\"_ _2\"></span>trumenty fin<span class=\"_ _2\"></span>ansowe  wyceniane w za<span class=\"_ _2\"></span>mortyzowanym<span class=\"_ _2\"></span> koszcie -<span class=\"_ _192\"> </span>- 496<span class=\"_ _192\"> </span>- 496<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e - 619<span class=\"_ _192\"> </span>2 898 249<span class=\"_ _192\"> </span>3 766<span class=\"_ _192\"> </span>Po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzec<span class=\"_ _2\"></span>z wsp\u00f3lnego przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia -<span class=\"_ _192\"> </span>- 447<span class=\"_ _192\"> </span>- 447<span class=\"_ _192\"> </span>Nale\u017cno\u015bci<span class=\"_ _2\"></span> od odbiorc<span class=\"_ _2\"></span>\u00f3w - 614 395<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 009<span class=\"_ _192\"> </span>Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe  - 5<span class=\"_ _192\"> </span>- 249 254<span class=\"_ _192\"> </span>\u015arodki pie<span class=\"_ _2\"></span>ni\u0119\u017cne i ekwiwalent<span class=\"_ _2\"></span>y -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 884<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 884  <span class=\"_ _112\"> </span>Pozost<span class=\"_ _2\"></span>a\u0142e aktywa fin<span class=\"_ _2\"></span>ansowe -<span class=\"_ _192\"> </span>- 172<span class=\"_ _192\"> </span>- 172<span class=\"_ _192\"> </span>Razem 615 651<span class=\"_ _192\"> </span>11 261 834<span class=\"_ _192\"> </span>13 36<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span>Stan na 31.12.<span class=\"_ _2\"></span>2021 Zobowi\u0105zania <span class=\"_ _2\"></span>finansowe - <span class=\"_ _2\"></span>z wy\u0142\u0105czeniem<span class=\"_ _2\"></span> zobowi\u0105<span class=\"_ _2\"></span>za\u0144 zwi\u0105zanych <span class=\"_ _2\"></span>z grup\u0105 zbycia W warto\u015bci godziwej<span class=\"_ _192\"> </span>przez wynik finansowy<span class=\"_ _192\"> </span>Wed\u0142ug zamortyzo-<span class=\"_ _192\"> </span>wanego koszt<span class=\"_ _2\"></span>u                             Instrumenty zabezpie-<span class=\"_ _192\"> </span>czaj\u0105ce<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>D\u0142ugoterminow<span class=\"_ _2\"></span>e  78<span class=\"_ _192\"> </span>5 630<span class=\"_ _192\"> </span>1 056<span class=\"_ _192\"> </span>6 764<span class=\"_ _192\"> </span>Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w,  po\u017cyczek, leas<span class=\"_ _2\"></span>ingu oraz d\u0142u\u017cnyc<span class=\"_ _2\"></span>h  papier\u00f3w wart<span class=\"_ _2\"></span>o\u015bciowych -<span class=\"_ _192\"> </span>5 409<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>5 409<span class=\"_ _192\"> </span>Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe  78<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 056<span class=\"_ _192\"> </span>1 134  <span class=\"_ _d3\"> </span>Pozost<span class=\"_ _2\"></span>a\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> - 221<span class=\"_ _192\"> </span>- 221<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e  200<span class=\"_ _192\"> </span>3 521 848<span class=\"_ _192\"> </span>4 569<span class=\"_ _192\"> </span>Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w,  po\u017cyczek, leas<span class=\"_ _2\"></span>ingu oraz d\u0142u\u017cnyc<span class=\"_ _2\"></span>h  papier\u00f3w wart<span class=\"_ _2\"></span>o\u015bciowych - 455<span class=\"_ _192\"> </span>- 455<span class=\"_ _192\"> </span>Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe  41<span class=\"_ _192\"> </span>- 848 889<span class=\"_ _192\"> </span>Zobowi\u0105zania w<span class=\"_ _2\"></span>obec dost<span class=\"_ _2\"></span>awc\u00f3w -<span class=\"_ _192\"> </span>2 879<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>2 879<span class=\"_ _192\"> </span>Zobowi\u0105zania pod<span class=\"_ _2\"></span>obne - faktor<span class=\"_ _2\"></span>ing d\u0142u\u017cny - 95<span class=\"_ _192\"> </span>- 95  <span class=\"_ _d3\"> </span>Pozost<span class=\"_ _2\"></span>a\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span>  159 92<span class=\"_ _192\"> </span>- 251<span class=\"_ _192\"> </span>Razem  278<span class=\"_ _192\"> </span>9 151<span class=\"_ _192\"> </span>1 904<span class=\"_ _192\"> </span>11 333<span class=\"_ _192\"> </span>Zyski/(straty) <span class=\"_ _3\"></span>z instrument\u00f3w <span class=\"_ _3\"></span>finansowych <span class=\"_ _3\"></span>uj\u0119te w wyniku <span class=\"_ _3\"></span>okresu od 01.01.2022<span class=\"_ _2\"></span> do 31.12.2022<span class=\"_ _2\"></span> Aktywa/zobowi\u0105za<span class=\"_ _2\"></span>nia finansowe wyc<span class=\"_ _2\"></span>eniane w warto\u015bci god<span class=\"_ _2\"></span>ziwej do wyniku finans<span class=\"_ _2\"></span>owegoAktywa finansowe wyceniane wg zamortyzowanego kosztuZobowi\u0105zania finansowe wyc<span class=\"_ _2\"></span>eniane wed\u0142ug zamortyzowanego kosztuInstrumenty Zabezpieczaj\u0105ceOg\u00f3\u0142emNota 4.2  Nota 6.2 Przychody z tytu\u0142u odsetek <span class=\"_ _2\"></span> - 636<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 636<span class=\"_ _192\"> </span>Nota 6.2 Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bc<span class=\"_ _2\"></span>i po\u017cyczek udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu - 873<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 873<span class=\"_ _192\"> </span>Nota 4.3 Przychody / (Koszty) z tytu\u0142u odsetek<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(60)<span class=\"_ _192\"> </span>60<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 4.2 Zyski / (Straty) z tytu\u0142u r\u00f3\u017cnic kursowych <span class=\"_ _2\"></span>innych ni\u017c zad\u0142u\u017cenie  233 767<span class=\"_ _192\"> </span>( 51)<span class=\"_ _192\"> </span>- 949<span class=\"_ _192\"> </span>Nota 4.3 Straty z tytu\u0142u r\u00f3\u017cnic kursowych od zad\u0142<span class=\"_ _2\"></span>u\u017cenia -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 179)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 179)<span class=\"_ _192\"> </span>Nota 4.4 Odwr\u00f3cenie strat z tytu\u0142u utraty warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _97\"> </span>  <span class=\"_ _82\"> </span>- 5<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 5<span class=\"_ _192\"> </span>Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci  -<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>Nota 7.2 Przychody z um\u00f3w z klientami -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 182)<span class=\"_ _192\"> </span>( 182)<span class=\"_ _192\"> </span>Nota 4.2 Nota 4.3 Przychody z tytu\u0142u wyceny i realizacji<span class=\"_ _2\"></span> instrument\u00f3w pochodnych  400<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 400<span class=\"_ _192\"> </span>Nota 4.2 Nota 4.3 Koszty z tytu\u0142u wyceny i realizacji i<span class=\"_ _2\"></span>nstrument\u00f3w pochodnych  ( 329)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(310)<span class=\"_ _192\"> </span>( 639)<span class=\"_ _192\"> </span>Nota 4.3 Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119t<span class=\"_ _2\"></span>ych kredyt\u00f3w -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 29)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 29)<span class=\"_ _192\"> </span>Nota 4.2 Straty z wyceny do warto\u015bci g<span class=\"_ _2\"></span>odziwej nale\u017cno\u015bci finansowych ( 58)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 58)<span class=\"_ _192\"> </span>Pozosta\u0142e zyski / (straty) - 2<span class=\"_ _192\"> </span>(2)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Og\u00f3\u0142em zysk/(strata) netto 246<span class=\"_ _192\"> </span>2 278<span class=\"_ _192\"> </span>( 321)<span class=\"_ _192\"> </span>( 432)<span class=\"_ _192\"> </span>1 771<span class=\"_ _192\"> </span>od 01.01.2021<span class=\"_ _2\"></span> do 31.12.2021<span class=\"_ _2\"></span> Aktywa/zobowi\u0105za<span class=\"_ _2\"></span>nia finansowe wyc<span class=\"_ _2\"></span>eniane w warto\u015bci god<span class=\"_ _2\"></span>ziwej do wyniku finans<span class=\"_ _2\"></span>owegoAktywa finansowe wyceniane wg zamortyzowanego kosztuZobowi\u0105zania finansowe wyc<span class=\"_ _2\"></span>eniane wed\u0142ug zamortyzowanego kosztuInstrumenty Zabezpieczaj\u0105ceOg\u00f3\u0142emNota 4.2  Nota 6.2 Przychody z tytu\u0142u odsetek <span class=\"_ _2\"></span> - 495<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 495<span class=\"_ _192\"> </span>Nota 6.2 Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bc<span class=\"_ _2\"></span>i po\u017cyczek udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu -<span class=\"_ _192\"> </span>2 380<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>2 380<span class=\"_ _192\"> </span>Nota 4.3 Koszty z tytu\u0142u odsetek -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 94)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 94)<span class=\"_ _192\"> </span>Nota 4.2 Zyski / (Straty) z tytu\u0142u r\u00f3\u017cnic kursowych <span class=\"_ _2\"></span>innych ni\u017c zad\u0142u\u017cenie  181<span class=\"_ _192\"> </span>1 358<span class=\"_ _192\"> </span>( 545)<span class=\"_ _192\"> </span>- 994<span class=\"_ _192\"> </span>Nota 4.3 Straty z tytu\u0142u r\u00f3\u017cnic kursowych od zad\u0142<span class=\"_ _2\"></span>u\u017cenia -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 299)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 299)<span class=\"_ _192\"> </span>Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci  -<span class=\"_ _192\"> </span>( 13)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 13)<span class=\"_ _192\"> </span>Nota 4.4 Odwr\u00f3cenie strat z tytu\u0142u utraty warto<span class=\"_ _2\"></span>\u015bci - 27<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 27<span class=\"_ _192\"> </span>Nota 7.2 Przychody z um\u00f3w z klientami -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(1 651)<span class=\"_ _192\"> </span>(1 651)<span class=\"_ _192\"> </span>Nota 4.2 Nota 4.3 Przychody z tytu\u0142u wyceny i realizacji<span class=\"_ _2\"></span> instrument\u00f3w pochodnych  453<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 453<span class=\"_ _192\"> </span>Nota 4.2 Nota 4.3 Koszty z tytu\u0142u wyceny i realizacji i<span class=\"_ _2\"></span>nstrument\u00f3w pochodnych  ( 848)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 848)<span class=\"_ _192\"> </span>Nota 4.3 Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119t<span class=\"_ _2\"></span>ych kredyt\u00f3w -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 25)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 25)<span class=\"_ _192\"> </span>Nota 4.2 Straty z wyceny do warto\u015bci g<span class=\"_ _2\"></span>odziwej nale\u017cno\u015bci finansowych ( 39)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 39)<span class=\"_ _192\"> </span>Pozosta\u0142e straty -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 8)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 8)<span class=\"_ _192\"> </span>Og\u00f3\u0142em zysk/(strata) netto ( 253)<span class=\"_ _192\"> </span>4 247<span class=\"_ _192\"> </span>( 971)<span class=\"_ _192\"> </span>(1 651)<span class=\"_ _192\"> </span>1 372<span class=\"_ _192\"> </span>Hierarchia wart<span class=\"_ _3\"></span>o\u015bci godziwej i<span class=\"_ _3\"></span>nstrument\u00f3w fina<span class=\"_ _3\"></span>nsowych  Stan na 31.12<span class=\"_ _3\"></span>.2022 Stan na 31.12<span class=\"_ _3\"></span>.2021 warto\u015b\u0107 godziwa<span class=\"_ _3\"></span> warto\u015b\u0107 bilansowawarto\u015b\u0107 godziwa<span class=\"_ _3\"></span> warto\u015b\u0107 bilansowaKlasy instrum<span class=\"_ _3\"></span>ent\u00f3w finansow<span class=\"_ _3\"></span>ych poziom 1poziom 2poziom 3poziom 1poziom 2poziom  3Po\u017cyczki udzielon<span class=\"_ _3\"></span>e  - 207 7879 623- 228 1938 336Akcje notowane<span class=\"_ _3\"></span>  422-- 422 516-- 516Akcje nienotowan<span class=\"_ _3\"></span>e - 99- 99- 99- 99Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w - 751- 751- 627- 627Pochodne instrum<span class=\"_ _3\"></span>enty finans<span class=\"_ _3\"></span>owe, z tego: - 357- 357-(1 174)-(1 174)     aktywa  -1 510-1 510- 849- 849     zobowi\u0105zania<span class=\"_ _3\"></span> -(1 153)-(1 153)-(2 023)-(2 023)D\u0142ugoterminow<span class=\"_ _3\"></span>e kredyty i po\u017cyc<span class=\"_ _3\"></span>zki otrzymane -(2 560)-(2 560)-(2 913)-(2 901)D\u0142ugoterminow<span class=\"_ _3\"></span>e d\u0142u\u017cne papier<span class=\"_ _3\"></span>y warto\u015bciowe (1 952)--(2 000)(2 034)--(2 000)Pozosta\u0142e aktyw<span class=\"_ _3\"></span>a finansowe - 3765 102----Pozosta\u0142e zob<span class=\"_ _3\"></span>owi\u0105zania finanso<span class=\"_ _3\"></span>we -( 34)-( 34)-( 159)-( 159)Grupa <span class=\"_ _53\"></span>nie <span class=\"_ _0\"></span>ujaw<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>finansowych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>wycenianych <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>spraw<span class=\"_ _3\"></span>ozdaniu <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>syt<span class=\"_ _2\"></span>uacji <span class=\"_ _53\"></span>finansowej <span class=\"_ _53\"></span>w zamorty<span class=\"_ _3\"></span>zowanym <span class=\"_ _53\"></span>koszcie <span class=\"_ _53\"></span>(za <span class=\"_ _53\"></span>wyj\u0105tkiem <span class=\"_ _53\"></span>udzielonych <span class=\"_ _53\"></span>po\u017cyczek, <span class=\"_ _53\"></span>otrzymanych d\u0142ugoterminowy<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>kredyt\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>po\u017cycz<span class=\"_ _3\"></span>ek <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>d\u0142ugotermin<span class=\"_ _3\"></span>owych <span class=\"_ _0\"></span>d\u0142u\u017cnych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>papier\u00f3w <span class=\"_ _0\"></span>warto\u015bci<span class=\"_ _3\"></span>owych), <span class=\"_ _0\"></span>poniewa\u017c <span class=\"_ _53\"></span>korzysta <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>zwolnienia <span class=\"_ _0\"></span>wynika<span class=\"_ _3\"></span>j\u0105cego <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>MSSF <span class=\"_ _0\"></span>7.29<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(Ujawnianie <span class=\"_ _0\"></span>informacji <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>warto\u015bci godziwej nie jes<span class=\"_ _3\"></span>t wymagane, gdy<span class=\"_ _3\"></span> warto\u015b\u0107 bilansowa j<span class=\"_ _3\"></span>est zasadnicz<span class=\"_ _3\"></span>o zbli\u017cona do warto\u015b<span class=\"_ _3\"></span>ci godziwej).<span class=\"_ _3\"></span> W bie\u017c\u0105cym <span class=\"_ _3\"></span>okresie sprawozdaw<span class=\"_ _3\"></span>czym w Grup<span class=\"_ _3\"></span>ie nie dokonan<span class=\"_ _3\"></span>o przesuni\u0119\u0107 mi\u0119dz<span class=\"_ _3\"></span>y poszczeg\u00f3lnymi <span class=\"_ _3\"></span>poziomami <span class=\"_ _3\"></span>hierarchii warto\u015bci <span class=\"_ _3\"></span>godziwej instrum<span class=\"_ _3\"></span>ent\u00f3w finansow<span class=\"_ _3\"></span>ych.Metody <span class=\"_ _5e\"> </span>oraz <span class=\"_ _5e\"> </span>techniki <span class=\"_ _5e\"> </span>wyceny <span class=\"_ _5e\"> </span>wykorzystane <span class=\"_ _67\"> </span>pr<span class=\"_ _3\"></span>zez <span class=\"_ _5e\"> </span>Grup\u0119 <span class=\"_ _5e\"> </span>Kapita\u0142ow\u0105 <span class=\"_ _5e\"> </span>przy <span class=\"_ _67\"> </span>ust<span class=\"_ _3\"></span>alaniu <span class=\"_ _5e\"> </span>warto\u015bci <span class=\"_ _5e\"> </span>godziwych poszczeg\u00f3lnych k<span class=\"_ _3\"></span>ategorii aktyw<span class=\"_ _3\"></span>\u00f3w finansowych lub <span class=\"_ _3\"></span>zobowi\u0105za\u0144 finans<span class=\"_ _3\"></span>owych. Poziom 1 Akcje notowane Akcje wycenion<span class=\"_ _3\"></span>o w oparciu o not<span class=\"_ _3\"></span>owania GPW w Warszawie <span class=\"_ _3\"></span>S.A. oraz TSX Ventur<span class=\"_ _3\"></span>e Exchange w Toront<span class=\"_ _3\"></span>o.  D\u0142ugoterminowe d\u0142u\u017cn<span class=\"_ _3\"></span>e papiery warto\u015bciow<span class=\"_ _3\"></span>e D\u0142ugoterminowe <span class=\"_ _53\"></span>d\u0142u\u017cne <span class=\"_ _0\"></span>papiery <span class=\"_ _53\"></span>warto\u015bciowe <span class=\"_ _0\"></span>wyceniono <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>oparciu <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>notowania <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>rynku<span class=\"_ _192\"> </span>Catalyst <span class=\"_ _0\"></span>prowadzon<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>GPW<span class=\"_ _3\"></span> w Warszawie S.A. <span class=\"_ _3\"></span> Poziom 2 Akcje/udzia\u0142y nien<span class=\"_ _3\"></span>otowane Akcje/udzia\u0142y <span class=\"_ _5a\"> </span>nien<span class=\"_ _3\"></span>otowane <span class=\"_ _5a\"> </span>wyceniane <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>zastosowaniem <span class=\"_ _59\"> </span>wyceny <span class=\"_ _5a\"> </span>maj\u0105tkowej <span class=\"_ _5a\"> </span>wg <span class=\"_ _5a\"> </span>skory<span class=\"_ _3\"></span>gowanych <span class=\"_ _5a\"> </span>aktyw\u00f3w <span class=\"_ _5a\"> </span>netto.<span class=\"_ _3\"></span> Do wyceny zosta\u0142y wykorzys<span class=\"_ _3\"></span>tane dane wej\u015bciowe inne ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re s\u0105 obserwowal<span class=\"_ _3\"></span>ne (np. ceny transakcyjne <span class=\"_ _1\"> </span>nieruchomo\u015bci <span class=\"_ _74\"> </span>podobnych <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>b\u0119d\u0105cych <span class=\"_ _74\"> </span>przedmiotem <span class=\"_ _1\"> </span>wyceny, <span class=\"_ _74\"> </span>rynkowe <span class=\"_ _74\"> </span>stopy  pr<span class=\"_ _3\"></span>ocentowe obligacji Skarbu <span class=\"_ _2\"></span>Pa\u0144stwa i <span class=\"_ _2\"></span>lokat <span class=\"_ _2\"></span>terminowych w <span class=\"_ _2\"></span>instytucjach finansowych, stopa <span class=\"_ _2\"></span>dyskontowa wolna od <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>publikowana przez Europejski <span class=\"_ _3\"></span>Urz\u0105d Nadzoru Ubezpi<span class=\"_ _3\"></span>ecze\u0144 i Pracownicz<span class=\"_ _3\"></span>ych Program\u00f3w Emery<span class=\"_ _3\"></span>talnych).  Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w Nale\u017cno\u015bci <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>tytu\u0142u  realizacji <span class=\"_ _57\"> </span>transakcji <span class=\"_ _57\"> </span>sprzeda\u017c<span class=\"_ _3\"></span>y <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>kontrakt\u00f3w <span class=\"_ _57\"> </span>rozliczaj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _57\"> </span>si\u0119 <span class=\"_ _57\"> </span>ostatecz<span class=\"_ _3\"></span>nie <span class=\"_ _57\"> </span>wg <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>z przysz\u0142o\u015bci,<span class=\"_ _3\"></span> wyceniono <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>cen <span class=\"_ _0\"> </span>te<span class=\"_ _2\"></span>rminow<span class=\"_ _3\"></span>ych <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>zale\u017cno\u015bci <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>okresu/miesi\u0105ca <span class=\"_ _0\"></span>kwotowania <span class=\"_ _0\"></span>umowneg<span class=\"_ _3\"></span>o. <span class=\"_ _1\"> </span>Cen<span class=\"_ _3\"></span>y <span class=\"_ _0\"> </span>terminowe <span class=\"_ _1\"> </span>uzyskuje<span class=\"_ _3\"></span> <span class=\"_ _0\"> </span>si\u0119 z systemu Reuters. <span class=\"_ _3\"></span>  Dla <span class=\"_ _74\"> </span>nale\u017cno\u015bci <span class=\"_ _74\"> </span>obj\u0119tych <span class=\"_ _74\"> </span>faktoringiem <span class=\"_ _1\"> </span>pe\u0142nym <span class=\"_ _58\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>godziw\u0105 <span class=\"_ _74\"> </span>ustala <span class=\"_ _74\"> </span>si\u0119 <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>ziomie <span class=\"_ _1\"> </span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _74\"> </span>przekazanej do faktora (warto\u015b\u0107 <span class=\"_ _2\"></span>nominalna z faktury) <span class=\"_ _2\"></span>pomni<span class=\"_ _3\"></span>ejszonej o <span class=\"_ _2\"></span>odsetki stanowi\u0105ce <span class=\"_ _2\"></span>wynagrodzeni<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>faktora. Ze wzgl\u0119du <span class=\"_ _2\"></span>na kr\u00f3tki okres <span class=\"_ _0\"></span>pomi\u0119dzy <span class=\"_ _0\"></span>przekazaniem <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>faktora <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>jej <span class=\"_ _0\"></span>sp\u0142at\u0105, <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"></span>nie <span class=\"_ _0\"> </span>koryguje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>o <span class=\"_ _0\"> </span>ryzyko <span class=\"_ _0\"> </span>kredytowe faktora i wp\u0142yw up<span class=\"_ _3\"></span>\u0142ywu czasu. Po\u017cyczki udzielone<span class=\"_ _3\"></span> W <span class=\"_ _0\"></span>pozycji <span class=\"_ _0\"></span>tej <span class=\"_ _0\"></span>uj\u0119to <span class=\"_ _0\"></span>po\u017cyczki <span class=\"_ _0\"></span>wycenione <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>g<span class=\"_ _2\"></span>odziwej <span class=\"_ _0\"></span>dla <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>godziwa <span class=\"_ _0\"> </span>zosta\u0142a <span class=\"_ _0\"></span>oszacowana <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>bazie przep\u0142yw\u00f3w <span class=\"_ _67\"> </span>kontraktowych <span class=\"_ _67\"> </span>(z <span class=\"_ _69\"> </span>umowy) <span class=\"_ _67\"> </span>przy <span class=\"_ _69\"> </span>wykorzystaniu <span class=\"_ _67\"> </span>modelu <span class=\"_ _69\"> </span>zdyskontowan<span class=\"_ _3\"></span>ych <span class=\"_ _69\"> </span>przep\u0142yw\u00f3w <span class=\"_ _67\"> </span>pieni\u0119\u017cnych z uwzgl\u0119dnieniem ryz<span class=\"_ _3\"></span>yka kredytoweg<span class=\"_ _3\"></span>o po\u017cyczkobiorcy.<span class=\"_ _3\"></span> Pozosta\u0142e aktywa/zo<span class=\"_ _3\"></span>bowi\u0105zania fin<span class=\"_ _3\"></span>ansowe W <span class=\"_ _53\"></span>pozycji <span class=\"_ _53\"></span>te<span class=\"_ _2\"></span>j <span class=\"_ _53\"></span>uj\u0119to <span class=\"_ _53\"></span>nale\u017cno\u015bci/zobowi\u0105zania <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>rozliczenia <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>finansowych, <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _53\"></span>termin p\u0142atno\u015bci <span class=\"_ _1\"> </span>przypada <span class=\"_ _1\"> </span>dwa <span class=\"_ _1\"> </span>dni <span class=\"_ _1\"> </span>robocze <span class=\"_ _1\"> </span>po <span class=\"_ _74\"> </span>dniu <span class=\"_ _1\"> </span>ko\u0144cz\u0105cym <span class=\"_ _1\"> </span>okres <span class=\"_ _1\"> </span>sprawozdawczy. <span class=\"_ _1\"> </span>Instrumenty <span class=\"_ _1\"> </span>te <span class=\"_ _1\"> </span>wycenione <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _1\"> </span>do warto\u015bci godziwej us<span class=\"_ _3\"></span>talonej wed\u0142u<span class=\"_ _3\"></span>g ceny referencyjnej r<span class=\"_ _3\"></span>ozliczenia tych transakcji<span class=\"_ _3\"></span>. Pochodne instrume<span class=\"_ _3\"></span>nty finansowe \u2013 walut<span class=\"_ _3\"></span>owe oraz walut<span class=\"_ _3\"></span>owo-odsetkowe W <span class=\"_ _74\"> </span>przypadku <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _1\"> </span>instrument\u00f3w <span class=\"_ _74\"> </span>pochodnych <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>rynku <span class=\"_ _74\"> </span>walutowym <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>transakcji <span class=\"_ _74\"> </span>walutowo-odsetkowych <span class=\"_ _1\"> </span>(CIRS), w celu <span class=\"_ _2\"></span>ustalenia ich <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>godziwej pos\u0142u\u017cono <span class=\"_ _2\"></span>si\u0119 ce<span class=\"_ _2\"></span>nami terminowymi na <span class=\"_ _2\"></span>daty <span class=\"_ _2\"></span>zapadalno\u015bci pos<span class=\"_ _2\"></span>zczeg<span class=\"_ _3\"></span>\u00f3lnych <span class=\"_ _2\"></span>transakcji.<span class=\"_ _3\"></span> Cena <span class=\"_ _2\"></span>terminowa dla <span class=\"_ _2\"></span>kurs\u00f3w <span class=\"_ _53\"></span>walutowych o<span class=\"_ _2\"></span>bliczona zosta\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>fixingu <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>odpowiednich <span class=\"_ _2\"></span>st\u00f3p <span class=\"_ _2\"></span>procentowych. <span class=\"_ _2\"></span>Stopy procentowe <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>walut <span class=\"_ _54\"> </span>oraz <span class=\"_ _5a\"> </span>wska\u017aniki <span class=\"_ _54\"> </span>zmienno\u015bci <span class=\"_ _5a\"> </span>ich <span class=\"_ _54\"> </span>kurs\u00f3w <span class=\"_ _5a\"> </span>s\u0105 <span class=\"_ _5a\"> </span>uzyskiwane <span class=\"_ _54\"> </span>z <span class=\"_ _3\"></span>serwisu <span class=\"_ _54\"> </span>Reuters. <span class=\"_ _5a\"> </span>Do <span class=\"_ _54\"> </span>wyceny <span class=\"_ _5a\"> </span>opcji europejskich na <span class=\"_ _3\"></span>rynkach walutowych po<span class=\"_ _3\"></span>s\u0142u\u017cono si\u0119 standar<span class=\"_ _3\"></span>dowym modelem Garmana<span class=\"_ _3\"></span>-Kohlhagena. Pochodne instrume<span class=\"_ _3\"></span>nty finansowe \u2013 me<span class=\"_ _3\"></span>tale  W przypadku <span class=\"_ _2\"></span>transakcji instrument\u00f3w pochodnych na <span class=\"_ _2\"></span>rynku towarowym, w <span class=\"_ _2\"></span>celu <span class=\"_ _2\"></span>ustalenia ich <span class=\"_ _2\"></span>warto\u015bci godziwej <span class=\"_ _2\"></span>pos\u0142u\u017cono<span class=\"_ _3\"></span> si\u0119 <span class=\"_ _57\"> </span>ce<span class=\"_ _2\"></span>nami <span class=\"_ _57\"> </span>terminowymi <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>daty <span class=\"_ _59\"> </span>zapadalno\u015bc<span class=\"_ _3\"></span>i <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>szczeg\u00f3lnyc<span class=\"_ _3\"></span>h <span class=\"_ _57\"> </span>transakcji. <span class=\"_ _57\"> </span>W <span class=\"_ _59\"> </span>przypadku <span class=\"_ _57\"> </span>miedzi <span class=\"_ _57\"> </span>u\u017cyto <span class=\"_ _59\"> </span>oficjalne <span class=\"_ _57\"> </span>ceny zamkni\u0119cia L<span class=\"_ _2\"></span>ondon Metal <span class=\"_ _2\"></span>Exchange, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>w odniesieniu <span class=\"_ _2\"></span>do srebra oraz <span class=\"_ _2\"></span>z\u0142ota <span class=\"_ _2\"></span>- <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>fixing <span class=\"_ _2\"></span>ustalonej na <span class=\"_ _2\"></span>Lo<span class=\"_ _2\"></span>ndon Bullio<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Market Association. Wska\u017aniki <span class=\"_ _2\"></span>zmienno\u015bci oraz <span class=\"_ _2\"></span>krzywe <span class=\"_ _2\"></span>terminowe s\u0142u\u017c\u0105ce <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>wyceny instrument\u00f3w pochodnych <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>koniec okresu sprawozdawczeg<span class=\"_ _3\"></span>o <span class=\"_ _57\"> </span>uzyskano  z systemu  Reuters.  Do<span class=\"_ _2\"></span>  wyceny  opcji  azjatyckich <span class=\"_ _57\"> </span>na  rynkach  metali <span class=\"_ _57\"> </span>wykorzystana  zosta\u0142a aproksymacja Le<span class=\"_ _3\"></span>vy\u2019ego do metodol<span class=\"_ _3\"></span>ogii Blacka-Scholesa. Otrzymane d\u0142ug<span class=\"_ _3\"></span>oterminowe kredyty i po\u017cyczki<span class=\"_ _3\"></span> Warto\u015b\u0107 <span class=\"_ _59\"> </span>godziwa <span class=\"_ _59\"> </span>kredyt\u00f3w <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>po\u017cyczek <span class=\"_ _59\"> </span>szacowana <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>poprzez <span class=\"_ _59\"> </span>zdyskontowanie <span class=\"_ _59\"> </span>zwi\u0105zanych <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tymi <span class=\"_ _59\"> </span>zobowi\u0105zaniami przep\u0142yw\u00f3w <span class=\"_ _0\"></span>finans<span class=\"_ _3\"></span>owych <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>terminach <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>warunkach <span class=\"_ _53\"></span>wynikaj\u0105cych <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>um\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>przy <span class=\"_ _53\"></span>zastosowaniu <span class=\"_ _0\"></span>bie\u017c\u0105cych <span class=\"_ _53\"></span>st\u00f3p. <span class=\"_ _0\"></span>Warto\u015b\u0107 godziwa r\u00f3\u017cni si\u0119 <span class=\"_ _3\"></span>od warto\u015bci bilansow<span class=\"_ _3\"></span>ej o kwot\u0119 prowizji z<span class=\"_ _3\"></span>ap\u0142aconych w zwi\u0105z<span class=\"_ _3\"></span>ku z otrzymanym f<span class=\"_ _3\"></span>inansowaniem. Poziom 3 Po\u017cyczki udzielone <span class=\"_ _3\"></span> Do  kategorii  tej  zaliczamy  po\u017cyczki  udzielone  wycenian<span class=\"_ _3\"></span>e  w  sprawozdaniu  z  sytuacji  finansowej  w  zamortyzowanym<span class=\"_ _3\"></span> koszcie,  ze  wzgl\u0119du <span class=\"_ _57\"> </span>na  wykorz<span class=\"_ _3\"></span>ystanie  w wycenie  do <span class=\"_ _57\"> </span>warto\u015bci<span class=\"_ _3\"></span>  g<span class=\"_ _2\"></span>odziwej  za\u0142o\u017ce\u0144  nieobserwo<span class=\"_ _3\"></span>walnych.  W  o<span class=\"_ _2\"></span>szacowaniu<span class=\"_ _3\"></span> warto\u015bci <span class=\"_ _74\"> </span>godziwej  tych <span class=\"_ _74\"> </span>po\u017cyczek <span class=\"_ _74\"> </span>istotnym  elemen<span class=\"_ _3\"></span>tem  sz<span class=\"_ _3\"></span>acunku <span class=\"_ _74\"> </span>s\u0105  prognozowane <span class=\"_ _74\"> </span>przep\u0142ywy <span class=\"_ _74\"> </span>pieni\u0119\u017cne  Sierra <span class=\"_ _74\"> </span>Gorda S.C.M., <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _5a\"> </span>s<span class=\"_ _2\"></span>tanowi\u0105 <span class=\"_ _54\"> </span>ni<span class=\"_ _3\"></span>eobserwowalne <span class=\"_ _54\"> </span>dan<span class=\"_ _3\"></span>e <span class=\"_ _54\"> </span>wej\u015bciowe <span class=\"_ _54\"> </span>i <span class=\"_ _54\"> </span>zgodnie <span class=\"_ _5a\"> </span>z <span class=\"_ _54\"> </span>MSSF <span class=\"_ _54\"> </span>13 <span class=\"_ _54\"> </span>warto\u015b\u0107 <span class=\"_ _5a\"> </span>go<span class=\"_ _2\"></span>dziwa <span class=\"_ _5a\"> </span>tych <span class=\"_ _54\"> </span>aktyw\u00f3w klasyfikowana <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>do poziomu <span class=\"_ _54\"> </span>3 <span class=\"_ _54\"> </span>hie<span class=\"_ _2\"></span>rarchii. <span class=\"_ _54\"> </span>Stopa <span class=\"_ _54\"> </span>dyskonta <span class=\"_ _54\"> </span>przyj\u0119ta <span class=\"_ _54\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _54\"> </span>wyliczenia <span class=\"_ _54\"> </span>warto\u015bci <span class=\"_ _54\"> </span>godziwej <span class=\"_ _54\"> </span>po<span class=\"_ _2\"></span>\u017cyczek wycenianych w zam<span class=\"_ _3\"></span>ortyzowanym k<span class=\"_ _3\"></span>oszcie wynosi 9,75% <span class=\"_ _3\"></span>( na dzie\u0144 31 grudn<span class=\"_ _3\"></span>ia 2021 r. 8%). Szczeg\u00f3\u0142owe <span class=\"_ _74\"> </span>ujawnienia <span class=\"_ _74\"> </span>w  z<span class=\"_ _3\"></span>akresie  z<span class=\"_ _3\"></span>a\u0142o\u017ce\u0144 <span class=\"_ _74\"> </span>przyj\u0119tych  do <span class=\"_ _74\"> </span>wyceny <span class=\"_ _74\"> </span>po\u017cyczek <span class=\"_ _74\"> </span>zaprezentowano <span class=\"_ _74\"> </span>w <span class=\"_ _58\"> </span>Nocie <span class=\"_ _74\"> </span>6.2,  natomias<span class=\"_ _3\"></span>t wra\u017cliwo\u015b\u0107 <span class=\"_ _57\"> </span>warto\u015bci  godziwej <span class=\"_ _57\"> </span>zakwalifikowanej  do <span class=\"_ _57\"> </span>poziomu <span class=\"_ _57\"> </span>3  dla <span class=\"_ _57\"> </span>udzielonych <span class=\"_ _57\"> </span>po\u017cyczek <span class=\"_ _57\"> </span>w  Nocie <span class=\"_ _57\"> </span>7.5.2.4. <span class=\"_ _57\"> </span>Na <span class=\"_ _57\"> </span>dzie\u0144<span class=\"_ _192\"> </span>31 grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>za\u0142o\u017cenia <span class=\"_ _74\"> </span>przyj\u0119te <span class=\"_ _74\"> </span>do <span class=\"_ _74\"> </span>prognozowanych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>pieni\u0119\u017cnych <span class=\"_ _74\"> </span>zastosowane <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>wyceny <span class=\"_ _74\"> </span>warto\u015bci<span class=\"_ _3\"></span> godziwej <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _53\"></span>sp\u00f3jne <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>za\u0142o\u017ceniami <span class=\"_ _53\"></span>dot. <span class=\"_ _0\"></span>obliczenia <span class=\"_ _0\"></span>wart<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>bilansowej, <span class=\"_ _53\"></span>nato<span class=\"_ _2\"></span>miast <span class=\"_ _53\"></span>r\u00f3\u017cnica <span class=\"_ _0\"></span>pomi\u0119dzy <span class=\"_ _53\"></span>warto\u015bci\u0105 <span class=\"_ _0\"></span>bilansowa<span class=\"_ _3\"></span> a warto\u015bci\u0105 godziw\u0105 wyn<span class=\"_ _3\"></span>ika z przyj\u0119cia r<span class=\"_ _3\"></span>\u00f3\u017cnych st\u00f3p dyskontowy<span class=\"_ _3\"></span>ch. Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe W <span class=\"_ _0\"></span>pozycji <span class=\"_ _53\"></span>te<span class=\"_ _2\"></span>j <span class=\"_ _0\"></span>uj\u0119to <span class=\"_ _53\"></span>nale\u017cno\u015b\u0107 <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>tytu\u0142u <span class=\"_ _53\"></span>p\u0142<span class=\"_ _2\"></span>atn<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>warunkowych <span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>wi\u0105zanych <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>umow\u0105 <span class=\"_ _0\"></span>zbycia <span class=\"_ _0\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>zale\u017cnej <span class=\"_ _0\"></span>S.C.M. <span class=\"_ _0\"></span>Franke,<span class=\"_ _3\"></span> kt\u00f3ra <span class=\"_ _53\"></span>zosta\u0142a <span class=\"_ _53\"></span>oszacowana <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>podstawie <span class=\"_ _53\"></span>modelu <span class=\"_ _53\"></span>prawdopodobie<span class=\"_ _3\"></span>\u0144stwa, <span class=\"_ _53\"></span>wynikaj\u0105cego <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>oferty <span class=\"_ _53\"></span>wi\u0105\u017c\u0105cej <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwzgl\u0119dnieniem dyskonta dla wyp<span class=\"_ _3\"></span>\u0142at na lata przysz\u0142e. Nota 7.2 Pochodne i<span class=\"_ _3\"></span>nstrumenty fi<span class=\"_ _3\"></span>nansowe Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span>Pochodne <span class=\"_ _0\"></span>instrumenty <span class=\"_ _0\"></span>finansowe <span class=\"_ _0\"> </span>zalicza <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>aktyw\u00f3w/zobowi\u0105za\u0144 <span class=\"_ _0\"></span>finansowych <span class=\"_ _0\"></span>wycenianych <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>warto\u015bci<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>godziwej przez wynik finans<span class=\"_ _3\"></span>owy, o ile nie zosta\u0142y w<span class=\"_ _3\"></span>yznaczone jako ins<span class=\"_ _3\"></span>trumenty zabezpieczaj\u0105c<span class=\"_ _3\"></span>e. Transakcje kupna lub <span class=\"_ _3\"></span>sprzeda\u017cy instrumen<span class=\"_ _3\"></span>t\u00f3w pochodnych ujmuj<span class=\"_ _3\"></span>e si\u0119 na dzie\u0144 przepr<span class=\"_ _3\"></span>owadzenia (z<span class=\"_ _3\"></span>awarcia) transakcji. <span class=\"_ _3\"></span> Instrumenty <span class=\"_ _2\"></span>pochodne <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>wyznaczone <span class=\"_ _53\"></span>jako <span class=\"_ _2\"></span>zabezpieczaj\u0105ce, <span class=\"_ _53\"></span>okre\u015blane <span class=\"_ _2\"></span>jako <span class=\"_ _53\"></span>instrumenty <span class=\"_ _53\"></span>pochodne <span class=\"_ _53\"></span>handlow<span class=\"_ _3\"></span>e, <span class=\"_ _53\"></span>ujmuje si\u0119 <span class=\"_ _53\"></span>pocz\u0105tkowo <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>godziwej <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>wycenia <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _53\"></span>ko\u0144cz\u0105cy <span class=\"_ _53\"></span>okres <span class=\"_ _53\"></span>sprawozdawczy <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>war<span class=\"_ _3\"></span>to\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uj\u0119ciem zysk\u00f3w/strat z <span class=\"_ _3\"></span>wyceny w wyniku finans<span class=\"_ _3\"></span>owym.  W Grupie <span class=\"_ _2\"></span>Kapita\u0142owej KGHM Polska <span class=\"_ _2\"></span>Mied\u017a S.A. <span class=\"_ _2\"></span>Jednostka Dominuj\u0105ca  <span class=\"_ _2\"></span>stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Ce<span class=\"_ _2\"></span>lem <span class=\"_ _57\"> </span>stosowania<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>rachunkowo\u015bci <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>e\u0144 <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>ograniczenie  zmienno\u015bci <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>netto <span class=\"_ _57\"> </span>Jednostki Dominuj\u0105cej, <span class=\"_ _0\"></span>wynikaj\u0105cej <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>okresowych <span class=\"_ _0\"></span>zmian <span class=\"_ _0\"></span>wyceny <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>ransakcj<span class=\"_ _3\"></span>i <span class=\"_ _1\"> </span>zabezpieczaj\u0105cych <span class=\"_ _0\"></span>poszczeg\u00f3ln<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _0\"></span>rynkowe, <span class=\"_ _0\"></span>na kt\u00f3re <span class=\"_ _1\"> </span>nara\u017cona <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>Jednostka <span class=\"_ _0\"></span>Dominuj\u0105ca. <span class=\"_ _1\"> </span>Instrumentami <span class=\"_ _0\"> </span>zabezpieczaj\u0105cymi <span class=\"_ _1\"> </span>mog\u0105 <span class=\"_ _0\"> </span>by\u0107 <span class=\"_ _1\"> </span>instrumenty <span class=\"_ _1\"> </span>pochodne <span class=\"_ _1\"> </span>oraz<span class=\"_ _3\"></span> kredyty i po\u017cyczki <span class=\"_ _3\"></span>w walucie obcej. <span class=\"_ _3\"></span> Wyznaczane <span class=\"_ _1\"> </span>zabezpiecz<span class=\"_ _3\"></span>enia <span class=\"_ _1\"> </span>dotycz\u0105 <span class=\"_ _1\"> </span>przysz\u0142ych <span class=\"_ _1\"> </span>prognozowanych <span class=\"_ _0\"></span>transakcji <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>przyj\u0119tych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Planie <span class=\"_ _1\"> </span>Sprzeda\u017cy na dany rok. <span class=\"_ _2\"></span>Plany te sporz\u0105dzane s\u0105 <span class=\"_ _2\"></span>w oparciu o<span class=\"_ _2\"></span> mo\u017cliwo\u015bci produkcyjne <span class=\"_ _2\"></span>na dany okres. <span class=\"_ _2\"></span>Jednostka Dominuj\u0105ca ocenia prawdopodobie\u0144stw<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>wyst\u0105pienia transakcji <span class=\"_ _2\"></span>uj\u0119tych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>planie <span class=\"_ _2\"></span>produkcji <span class=\"_ _2\"></span>jako bardzo <span class=\"_ _2\"></span>wysokie, <span class=\"_ _2\"></span>poniewa\u017c <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>historycznego<span class=\"_ _3\"></span> punktu <span class=\"_ _1\"> </span>widzenia <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _1\"> </span>zawsze <span class=\"_ _0\"> </span>re<span class=\"_ _2\"></span>alizowana <span class=\"_ _0\"></span>by\u0142<span class=\"_ _2\"></span>a <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>poziomach <span class=\"_ _1\"> </span>za\u0142o\u017conych <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>szczeg\u00f3lny<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>Planach <span class=\"_ _0\"> </span>Sprzeda\u017cy. Pozycj\u0119 <span class=\"_ _2\"></span>zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie<span class=\"_ _2\"></span>\u017c przysz\u0142e <span class=\"_ _2\"></span>przep\u0142ywy <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u ko<span class=\"_ _2\"></span>szt\u00f3w odsetkowych o<span class=\"_ _2\"></span>d wyemitowany<span class=\"_ _3\"></span>ch <span class=\"_ _2\"></span>obligacji w PLN. Jednostka <span class=\"_ _55\"> </span>Dominuj\u0105ca <span class=\"_ _55\"> </span>mo\u017ce <span class=\"_ _55\"> </span>korzysta\u0107 <span class=\"_ _5e\"> </span>z <span class=\"_ _55\"> </span>naturalnych <span class=\"_ _5e\"> </span>zabezpiecze\u0144 <span class=\"_ _55\"> </span>ryzyka <span class=\"_ _55\"> </span>walutowego <span class=\"_ _55\"> </span>poprzez <span class=\"_ _55\"> </span>zastosowanie rachunkowo\u015bci zabezpiecze\u0144 <span class=\"_ _2\"></span>w stosunku do<span class=\"_ _2\"></span> kredyt\u00f3w i <span class=\"_ _2\"></span>po\u017cyczek <span class=\"_ _2\"></span>denominowanych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>USD, wy<span class=\"_ _2\"></span>znaczaj\u0105c je <span class=\"_ _2\"></span>jako<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>pozycj<span class=\"_ _3\"></span>e zabezpieczaj\u0105ce <span class=\"_ _59\"> </span>przed <span class=\"_ _59\"> </span>ryzykiem<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>kursu <span class=\"_ _59\"> </span>walutowego <span class=\"_ _59\"> </span>zwi\u0105zanego <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>przysz\u0142ymi <span class=\"_ _5a\"> </span>przychodami<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>Jednostki <span class=\"_ _59\"> </span>Dominuj\u0105cej ze sprzeda\u017cy miedzi, <span class=\"_ _3\"></span>srebra i innych meta<span class=\"_ _3\"></span>li, denominowanych w <span class=\"_ _3\"></span>USD. Zyski <span class=\"_ _1\"> </span>i <span class=\"_ _0\"> </span>st<span class=\"_ _2\"></span>raty <span class=\"_ _1\"> </span>wynikaj\u0105ce <span class=\"_ _0\"></span>ze <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _1\"> </span>godziwej <span class=\"_ _1\"> </span>instrume<span class=\"_ _3\"></span>ntu <span class=\"_ _1\"> </span>zabezpieczaj\u0105cego <span class=\"_ _0\"></span>przep\u0142ywy <span class=\"_ _0\"></span>pieni\u0119\u017cne <span class=\"_ _1\"> </span>ujmowane s\u0105 w pozosta\u0142ych <span class=\"_ _1\"> </span>ca\u0142kowitych <span class=\"_ _1\"> </span>dochodach, <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>takiej <span class=\"_ _74\"> </span>cz\u0119\u015bci, <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>jakiej <span class=\"_ _1\"> </span>dany <span class=\"_ _1\"> </span>instrument <span class=\"_ _74\"> </span>stanowi <span class=\"_ _1\"> </span>skuteczne <span class=\"_ _1\"> </span>zabezpieczeni<span class=\"_ _3\"></span>e zwi\u0105zanej <span class=\"_ _5d\"> </span>z nim <span class=\"_ _5d\"> </span>pozycj<span class=\"_ _2\"></span>i <span class=\"_ _5d\"> </span>zabezpieczanej. <span class=\"_ _5d\"> </span>Grupa <span class=\"_ _64\"> </span>ujmuje <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>kapita\u0142ach <span class=\"_ _64\"> </span>z <span class=\"_ _5d\"> </span>wyceny <span class=\"_ _64\"> </span>cz\u0119\u015b\u0107 <span class=\"_ _5d\"> </span>zmiany <span class=\"_ _5d\"> </span>instrumentu zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go wynikaj\u0105cej ze zmia<span class=\"_ _3\"></span>ny warto\u015bci czasowej <span class=\"_ _3\"></span>opcji, elementu terminowe<span class=\"_ _3\"></span>go oraz mar\u017c<span class=\"_ _3\"></span>y walutowej. Cz\u0119\u015b\u0107 <span class=\"_ _0\"></span>nieskuteczn\u0105 <span class=\"_ _0\"></span>odnosi <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _0\"> </span>do<span class=\"_ _2\"></span> wyniku <span class=\"_ _0\"></span>finansowego <span class=\"_ _0\"></span>jako <span class=\"_ _1\"> </span>po<span class=\"_ _3\"></span>zosta\u0142e <span class=\"_ _1\"> </span>przychody <span class=\"_ _0\"></span>i koszty <span class=\"_ _0\"></span>operacyjne. <span class=\"_ _0\"></span>Zyski <span class=\"_ _1\"> </span>lub <span class=\"_ _0\"></span>straty powsta\u0142e <span class=\"_ _56\"> </span>na <span class=\"_ _56\"> </span>instrumencie <span class=\"_ _56\"> </span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105cym <span class=\"_ _56\"> </span>przep\u0142ywy <span class=\"_ _56\"> </span>pieni\u0119\u017cne <span class=\"_ _61\"> </span>o<span class=\"_ _2\"></span>dnoszone <span class=\"_ _61\"> </span>s\u0105 do wyniku <span class=\"_ _56\"> </span>jako <span class=\"_ _56\"> </span>korekta z przeklasyfikowania <span class=\"_ _3\"></span>w momencie, gdy dana<span class=\"_ _3\"></span> pozycja zabezpi<span class=\"_ _3\"></span>eczana wp\u0142ywa na w<span class=\"_ _3\"></span>ynik. Zaprzestaje <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>ujmowania <span class=\"_ _0\"></span>instrument\u00f3w <span class=\"_ _1\"> </span>pochodn<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>jako <span class=\"_ _1\"> </span>zabezpieczaj\u0105cych, <span class=\"_ _0\"> </span>je\u017celi <span class=\"_ _1\"> </span>instrument <span class=\"_ _1\"> </span>pochodny <span class=\"_ _1\"> </span>wyga\u015b<span class=\"_ _3\"></span>nie, zostanie <span class=\"_ _5a\"> </span>sprzeda<span class=\"_ _3\"></span>ny, <span class=\"_ _5a\"> </span>wypowiedz<span class=\"_ _3\"></span>iany, <span class=\"_ _5a\"> </span>zrealizowany <span class=\"_ _59\"> </span>lub <span class=\"_ _5a\"> </span>je\u017celi <span class=\"_ _5a\"> </span>zmianie <span class=\"_ _59\"> </span>uleg\u0142 <span class=\"_ _5a\"> </span>cel <span class=\"_ _5a\"> </span>zarz\u0105<span class=\"_ _3\"></span>dzania <span class=\"_ _5a\"> </span>ryzykiem <span class=\"_ _59\"> </span>dla <span class=\"_ _5a\"> </span>danego powi\u0105zania.  Jednostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>mo\u017ce <span class=\"_ _53\"></span>podj\u0105\u0107 <span class=\"_ _53\"></span>decyzj\u0119 <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>ustanowieniu <span class=\"_ _2\"></span>dla <span class=\"_ _53\"></span>danego <span class=\"_ _53\"></span>instrumentu <span class=\"_ _53\"></span>pochodne<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>owego <span class=\"_ _53\"></span>powi\u0105zania<span class=\"_ _3\"></span> zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go,  dok<span class=\"_ _3\"></span>ona\u0107  z<span class=\"_ _3\"></span>miany <span class=\"_ _74\"> </span>przeznaczenia  instrum<span class=\"_ _3\"></span>entu <span class=\"_ _74\"> </span>pochodnego  b<span class=\"_ _3\"></span>\u0105d\u017a <span class=\"_ _74\"> </span>wyznaczy\u0107  go <span class=\"_ _74\"> </span>do  za<span class=\"_ _3\"></span>bezpieczenia innego <span class=\"_ _5a\"> </span>rodzaju <span class=\"_ _5a\"> </span>ryzyka. <span class=\"_ _5a\"> </span>W\u00f3wczas, <span class=\"_ _5a\"> </span>dla zabezpiecze\u0144 <span class=\"_ _5a\"> </span>przep\u0142yw<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5a\"> </span>\u015brodk\u00f3w <span class=\"_ _5a\"> </span>pieni\u0119\u017cnych, <span class=\"_ _5a\"> </span>zyski <span class=\"_ _5a\"> </span>lub <span class=\"_ _5a\"> </span>straty <span class=\"_ _5a\"> </span>po<span class=\"_ _2\"></span>wsta\u0142e<span class=\"_ _3\"></span> w okresach, w kt\u00f3rych <span class=\"_ _2\"></span>zabezpieczenie <span class=\"_ _2\"></span>by\u0142o e<span class=\"_ _2\"></span>fektywne pozostaj\u0105 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>skumulowanych pozosta\u0142ych <span class=\"_ _2\"></span>ca\u0142kowitych dochodach a\u017c do momentu, <span class=\"_ _3\"></span>w kt\u00f3rym zabezpieczana poz<span class=\"_ _3\"></span>ycja wp\u0142ynie na <span class=\"_ _3\"></span>wynik. Je\u015bli zabezpieczenie progn<span class=\"_ _3\"></span>ozowanej transakcji przestani<span class=\"_ _3\"></span>e funkcjonowa\u0107 ze wzgl\u0119du na<span class=\"_ _3\"></span> zaistnia\u0142e prawdopodobie\u0144stwo,<span class=\"_ _3\"></span> \u017ce planowana <span class=\"_ _59\"> </span>transakcja <span class=\"_ _57\"> </span>nie <span class=\"_ _59\"> </span>zost<span class=\"_ _2\"></span>anie <span class=\"_ _59\"> </span>zawa<span class=\"_ _3\"></span>rta, <span class=\"_ _59\"> </span>w\u00f3wczas <span class=\"_ _59\"> </span>zysk <span class=\"_ _59\"> </span>lub <span class=\"_ _57\"> </span>st<span class=\"_ _2\"></span>rata <span class=\"_ _59\"> </span>netto <span class=\"_ _59\"> </span>uj\u0119ta <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>pozosta\u0142ych <span class=\"_ _59\"> </span>ca\u0142kowitych<span class=\"_ _3\"></span> dochodach zostaj<span class=\"_ _3\"></span>e natychmiast przeniesi<span class=\"_ _3\"></span>ona do wyniku finans<span class=\"_ _3\"></span>owego jako korek<span class=\"_ _3\"></span>ta wynikaj\u0105ca z prz<span class=\"_ _3\"></span>eklasyfikowania.    Je\u017celi <span class=\"_ _2\"></span>umowa hybrydowa zawiera instrument <span class=\"_ _2\"></span>podstawowy, kt\u00f3ry nie <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>sk\u0142adnikiem aktyw\u00f3w finansowych, instrument pochodny <span class=\"_ _59\"> </span>jest <span class=\"_ _5a\"> </span>oddzielany <span class=\"_ _59\"> </span>od <span class=\"_ _59\"> </span>inst<span class=\"_ _2\"></span>rumentu <span class=\"_ _59\"> </span>podstawowego <span class=\"_ _59\"> </span>i <span class=\"_ _5a\"> </span>jest <span class=\"_ _59\"> </span>wyceniany <span class=\"_ _59\"> </span>zgodnie <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>zasadami <span class=\"_ _5a\"> </span>przewidzianym<span class=\"_ _3\"></span>i dla instrument\u00f3w <span class=\"_ _74\"> </span>pochodnych,  wy\u0142\u0105czni<span class=\"_ _3\"></span>e  gdy  (i) <span class=\"_ _74\"> </span>e<span class=\"_ _2\"></span>konomiczna <span class=\"_ _74\"> </span>charakterystyka  i  ryzyka <span class=\"_ _74\"> </span>instrumentu  wbud<span class=\"_ _3\"></span>owanego nie s\u0105 \u015bci\u015ble  powi\u0105zan<span class=\"_ _3\"></span>e  z  char<span class=\"_ _3\"></span>aktere<span class=\"_ _2\"></span>m  um<span class=\"_ _3\"></span>owy  zasadniczej <span class=\"_ _74\"> </span>i  ryzykami  z  niej  wynika<span class=\"_ _3\"></span>j\u0105cymi,  (ii)  odr\u0119bny  ins<span class=\"_ _3\"></span>trument, kt\u00f3rego <span class=\"_ _2\"></span>charakterystyka <span class=\"_ _2\"></span>odpowiada <span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>chom <span class=\"_ _2\"></span>wbudowanego <span class=\"_ _2\"></span>instrumentu <span class=\"_ _53\"></span>pochodn<span class=\"_ _3\"></span>ego, <span class=\"_ _53\"></span>spe\u0142nia\u0142by <span class=\"_ _2\"></span>warunki <span class=\"_ _2\"></span>instrumentu<span class=\"_ _3\"></span> pochodnego,  oraz<span class=\"_ _3\"></span>  (iii)  instrume<span class=\"_ _3\"></span>nt  \u0142\u0105czny  nie <span class=\"_ _74\"> </span>j<span class=\"_ _2\"></span>est  zalicza<span class=\"_ _3\"></span>ny  do <span class=\"_ _74\"> </span>akty<span class=\"_ _2\"></span>w\u00f3w  finans<span class=\"_ _3\"></span>owych  wycenia<span class=\"_ _3\"></span>nych  wed\u0142ug  w<span class=\"_ _3\"></span>arto\u015bci godziwej, <span class=\"_ _5a\"> </span>kt\u00f3rych <span class=\"_ _54\"> </span>skutki <span class=\"_ _5a\"> </span>przeszacowania <span class=\"_ _5a\"> </span>s\u0105 <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>dnoszone <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>pozosta<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _54\"> </span>przych<span class=\"_ _3\"></span>od\u00f3w <span class=\"_ _54\"> </span>lub <span class=\"_ _5a\"> </span> <span class=\"_ _5a\"> </span>po<span class=\"_ _2\"></span>zosta\u0142ych <span class=\"_ _5a\"> </span>koszt\u00f3w operacyjnych <span class=\"_ _67\"> </span>okresu <span class=\"_ _5e\"> </span>sprawozdawczego. <span class=\"_ _67\"> </span>Je\u017celi <span class=\"_ _67\"> </span>wbud<span class=\"_ _3\"></span>owany <span class=\"_ _67\"> </span>instrument <span class=\"_ _67\"> </span>pochodny <span class=\"_ _5e\"> </span>jest <span class=\"_ _67\"> </span>wydzielany, <span class=\"_ _67\"> </span>instrumen<span class=\"_ _3\"></span>t podstawowy <span class=\"_ _59\"> </span>jest <span class=\"_ _5a\"> </span>wycenian<span class=\"_ _3\"></span>y <span class=\"_ _5a\"> </span>zgodnie <span class=\"_ _59\"> </span>z <span class=\"_ _5a\"> </span>odpowiednimi <span class=\"_ _59\"> </span>dla niego <span class=\"_ _59\"> </span>zasadami <span class=\"_ _59\"> </span>rachunkowo\u015bci. <span class=\"_ _59\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105<span class=\"_ _3\"></span>ca wydziela wbudowane instrumenty pochodne w transakcjach  <span class=\"_ _2\"></span>zakupu surowc\u00f3w z terminem rozliczenia w <span class=\"_ _2\"></span>przysz\u0142o\u015bci po<span class=\"_ _192\"> </span>dacie uj\u0119cia faktur<span class=\"_ _3\"></span>y zakupu w ksi\u0119gach rachun<span class=\"_ _3\"></span>kowych do dnia <span class=\"_ _3\"></span>ostatecznego rozlic<span class=\"_ _192\"> </span>zenia transak<span class=\"_ _3\"></span>cji.<span class=\"_ _192\"> </span> J<span class=\"_ _192\"> </span>e\u017celi <span class=\"_ _57\"> </span>umowa  hybrydowa  zawiera  inst<span class=\"_ _2\"></span>rument  podstawowy,  kt\u00f3ry <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>sk\u0142adnikiem  aktyw\u00f3w  finansowych, <span class=\"_ _57\"> </span>kryteria<span class=\"_ _3\"></span> przewidziane dla klas<span class=\"_ _3\"></span>yfikacji aktyw\u00f3w finan<span class=\"_ _3\"></span>sowych stosuje si<span class=\"_ _3\"></span>\u0119 do \u0142\u0105cznej umowy.<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"_ _192\"> </span>Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyc<span class=\"_ _2\"></span>eny do warto\u015bci <span class=\"_ _2\"></span>godziwej<span class=\"_ _3\"></span> instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1,<span class=\"_ _2\"></span> w  punkcie  \u201e<span class=\"ff1\"> </span>Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  prz<span class=\"_ _3\"></span>y  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych ka<span class=\"_ _3\"></span>tegorii aktyw\u00f3w <span class=\"_ _3\"></span>finansowych lub zobowi\u0105z<span class=\"_ _3\"></span>a\u0144 finansowych\u201d <span class=\"_ _3\"></span> oraz w tabelach w <span class=\"_ _3\"></span>Nocie 7.2 poni\u017cej.<span class=\"_ _192\"> </span>Instrumenty p<span class=\"_ _3\"></span>ochodne zabezp<span class=\"_ _3\"></span>ieczaj\u0105ce \u2013 pozycj<span class=\"_ _3\"></span>e otwarte na <span class=\"_ _3\"></span>dzie\u0144 ko\u0144cz\u0105cy o<span class=\"_ _3\"></span>kres sprawozd<span class=\"_ _3\"></span>awczy Stan na 31.12.202<span class=\"_ _2\"></span>2 <span class=\"_ _f2\"> </span> <span class=\"_ _8d\"> </span>Stan na 31.12.2021<span class=\"_ _2\"></span> Typ instrumentu poc<span class=\"_ _2\"></span>hodnego<span class=\"_ _2\"></span> Aktywa finansowe<span class=\"_ _2\"></span> <span class=\"_ _114\"> </span>Zobowi\u0105zania finans<span class=\"_ _2\"></span>owe RazemAktywa finansowe<span class=\"_ _2\"></span> <span class=\"_ _115\"> </span>Zobowi\u0105zania finans<span class=\"_ _2\"></span>owe RazemD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweInstrumenty zab<span class=\"_ _2\"></span>ezpieczaj\u0105ce (CFH)<span class=\"_ _2\"></span>, w tym: <span class=\"_ _9e\"> </span> <span class=\"_ _76\"> </span><span class=\"fc0\">709</span>755(700)(280)484585249(1 056)(848)(1 070)Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013Metale (c<span class=\"_ _2\"></span>ena Cu, Ag)Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa*</span> (Cu<span class=\"_ _2\"></span>) 60440(36)(232)23229989(578)(837)(1 027)Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">korytarz </span>(Ag) -----1197--108Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa* </span>(Ag<span class=\"_ _2\"></span>) 550(1)(3)519249(14)-127Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013Walutowe (<span class=\"_ _2\"></span>kurs USDPLN)Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">korytarz</span> <span class=\"_ _116\"> </span><span class=\"ff1 fcb\"> </span>328262(88)(11)49115(2)(6)(2)Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa*</span> <span class=\"_ _f2\"> </span><span class=\"ff1 fcb\"> </span>13(6)(34)(36)209(31)(5)(7)Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013 Walutow<span class=\"_ _2\"></span>o-procentow<span class=\"_ _2\"></span>e<span class=\"ff2 fc0\"> </span>Swap walutowo-p<span class=\"_ _2\"></span>rocentowy CIRS 315-(569)-(254)162-(431)-(269)Instrumenty handlow<span class=\"_ _2\"></span>e, w tym: <span class=\"_ _117\"> </span><span class=\"fcf\"> <span class=\"_ _ce\"> </span><span class=\"fc0\">5</span></span>41(14)(118)(86)63(73)(40)(104)Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013Metale (c<span class=\"_ _2\"></span>ena Cu, Ag, Au)Sprzedane<span class=\"_ _2\"></span> opcje sprzeda\u017cy (Cu) <span class=\"_ _8b\"> </span><span class=\"ff1\"> <span class=\"_ _1a\"> </span></span>--(13)(49)(62)--(57)(6)(63)Nabyte opcj<span class=\"_ _2\"></span>e sprzeda\u017cy (Cu) <span class=\"_ _118\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-1--1-----Nabyte opcj<span class=\"_ _2\"></span>e kupna (Cu) <span class=\"_ _11a\"> </span><span class=\"ff1\"> <span class=\"_ _ce\"> </span></span>432--36-----Transakcje dost<span class=\"_ _2\"></span>osowawcze \u2013 <span class=\"ff3\">swap<span class=\"_ _2\"></span></span> (Cu) <span class=\"_ _ae\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>---(10)(10)---(5)(5)Sprzedane<span class=\"_ _2\"></span> opcje sprzeda\u017cy (Ag)<span class=\"_ _2\"></span> <span class=\"_ _11b\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>--(1)(1)(2)--(10)(3)(13)Nabyte opcj<span class=\"_ _2\"></span>e sprzeda\u017cy (Ag) <span class=\"_ _11c\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>------2--2Nabyte opcj<span class=\"_ _2\"></span>e kupna (Ag) <span class=\"_ _11d\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-----1---1Transakcje dost<span class=\"_ _2\"></span>osowawcze \u2013 <span class=\"ff3\">swap<span class=\"_ _2\"></span></span> (Au) <span class=\"_ _ae\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-4-(14)(10)---(2)(2)Pochodne instru<span class=\"_ _2\"></span>menty \u2013WalutoweSprzedane<span class=\"_ _2\"></span> opcje sprzeda\u017cy (USDPLN)<span class=\"_ _2\"></span> <span class=\"_ _ca\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>---(1)(1)--(5)(2)(7)Nabyte opcj<span class=\"_ _2\"></span>e sprzeda\u017cy (USDPLN)<span class=\"_ _2\"></span> <span class=\"_ _11e\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-----11--2Nabyte opcj<span class=\"_ _2\"></span>e kupna (USDPLN) <span class=\"_ _1b\"> </span><span class=\"ff1\"> <span class=\"_ _ce\"> </span></span>14--54---4Strategi<span class=\"_ _2\"></span>e korytarz oraz <span class=\"ff3\">forward/swap<span class=\"_ _2\"></span></span> (EURPLN)<span class=\"_ _2\"></span> <span class=\"_ _e5\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-------(1)(1)(2)Wbudowane inst<span class=\"_ _2\"></span>rumenty pochod<span class=\"_ _2\"></span>ne (cena Cu, Ag, <span class=\"_ _2\"></span>Au)Kontrakty zakupu<span class=\"_ _2\"></span> wsad\u00f3w obcych ---(43)(43)---(21)(21)Instrumenty pierwo<span class=\"_ _2\"></span>tnie zabezpiec<span class=\"_ _2\"></span>zaj\u0105ce wy\u0142\u0105czone <span class=\"_ _2\"></span> spod rachunkowo\u015bci<span class=\"_ _2\"></span> zabezpiecz<span class=\"_ _2\"></span>e\u0144, w tym:<span class=\"ff2 fc0\"> </span>--(5)(36)(41)42(5)(1)-Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013Walutowe (<span class=\"_ _2\"></span>kurs USDPLN)Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa</span> --(1)(4)(5)42(4)(1)1Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013 Metal<span class=\"_ _2\"></span>e (cena Cu, Ag)<span class=\"ff2 fc0\"> </span>Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa </span>(Ag<span class=\"_ _2\"></span>) ------ <span class=\"_ _11f\"> </span>-(1)-(1)Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa </span>(C<span class=\"_ _2\"></span>u) --(4)(32)(36)- <span class=\"_ _11f\"> </span>----RAZEM OTWARTE<span class=\"_ _2\"></span> INSTRUMENTY <span class=\"_ _2\"></span>POCHODNE<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> </span>714796(719)(434)357595254(1 134)(889)(1 174)* W ramach struktur o<span class=\"_ _2\"></span>pcyjnych me<span class=\"_ _2\"></span>wa jako zabe<span class=\"_ _2\"></span>zpieczaj\u0105<span class=\"_ _2\"></span>ce (CFH - Cash Flow Hed<span class=\"_ _2\"></span>ging) wyznaczo<span class=\"_ _2\"></span>no struktury<span class=\"_ _2\"></span> korytarz, czyli nabyte<span class=\"_ _2\"></span> opcje sprzeda\u017cy o<span class=\"_ _2\"></span>raz sprzedane<span class=\"_ _2\"></span> opcje kupna.W <span class=\"_ _54\"> </span>tabeli <span class=\"_ _54\"> </span>poni\u017cej <span class=\"_ _54\"> </span>zaprezentowano <span class=\"_ _54\"> </span>szczeg\u00f3\u0142owo <span class=\"_ _54\"> </span>dane <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>pochodnych <span class=\"_ _54\"> </span>wyzn<span class=\"_ _3\"></span>aczonych <span class=\"_ _54\"> </span>jako <span class=\"_ _54\"> </span>zabezpieczaj\u0105ce,<span class=\"_ _3\"></span> posiadanych przez <span class=\"_ _3\"></span>Jednostk\u0119 Dominuj\u0105c\u0105 <span class=\"_ _3\"></span>na dzie\u0144 31 grudnia<span class=\"_ _3\"></span> 2022 r.  Otwarte pochod<span class=\"_ _2\"></span>ne instrum<span class=\"_ _2\"></span>enty zabezpieczaj\u0105c<span class=\"_ _2\"></span>e<span class=\"ff2 fc0\"> </span>Nomina\u0142 transakcji \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena/ kurs/ stopa %<span class=\"_ _192\"> </span>Zapadalno\u015b\u0107 okres rozlic<span class=\"_ _2\"></span>zenia<span class=\"_ _192\"> </span>Okres uj\u0119cia w<span class=\"_ _2\"></span>p\u0142ywu na wynik finansowy*<span class=\"_ _2\"></span>**<span class=\"_ _192\"> </span>mied\u017a [t] srebro [ml<span class=\"_ _2\"></span>n uncji] waluty [mln US<span class=\"_ _2\"></span>D] CIRS [mln PLN]<span class=\"_ _2\"></span> [USD/t]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>] [USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN, sta\u0142a st<span class=\"_ _2\"></span>.% dla USD<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>Typ instrumen<span class=\"_ _2\"></span>tu pochodneg<span class=\"_ _2\"></span>o<span class=\"ff2 fc0\"> </span>Mied\u017a \u2013 strat<span class=\"_ _2\"></span>egie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _a9\"> </span>189 000 <span class=\"_ _9e\"> </span>8 07<span class=\"_ _2\"></span>5 - 9 759 <span class=\"_ _120\"> </span>sty\u201823<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Srebro \u2013 st<span class=\"_ _2\"></span>rategie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _9c\"> </span>4,20 <span class=\"_ _b4\"> </span>26,00 - 4<span class=\"_ _2\"></span>2,00<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">korytarz</span> <span class=\"_ _121\"> </span>2 640 <span class=\"_ _32\"> </span>4<span class=\"_ _3\"></span>,58 - 5,78<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>- gru\u201924<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>- sty\u201925<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">mewa<span class=\"_ _2\"></span>*</span> <span class=\"_ _bf\"> </span>315 <span class=\"_ _a0\"> </span>3,94<span class=\"_ _2\"></span> - 4,54<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _cc\"> </span>400 <span class=\"_ _ae\"> </span>3,78 i 3,23%<span class=\"_ _192\"> </span>cze \u201824 <span class=\"_ _d4\"> </span>cze \u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _7e\"> </span>1 600 <span class=\"_ _122\"> </span>3,81 i 3,94% <span class=\"_ _71\"> </span>cze \u201829<span class=\"_ _192\"> </span>cze \u201829<span class=\"_ _192\"> </span>- lip \u201829<span class=\"_ _192\"> </span>* <span class=\"_ _1\"> </span>W  ramach  struktur  opcyjnych <span class=\"_ _1\"> </span>me<span class=\"_ _2\"></span>wa <span class=\"_ _1\"> </span>ja<span class=\"_ _2\"></span>ko <span class=\"_ _1\"> </span>za<span class=\"_ _2\"></span>bezpieczaj<span class=\"_ _2\"></span>\u0105ce <span class=\"_ _1\"> </span>(CFH  - <span class=\"_ _1\"> </span>Cash  Flow  Hedging) <span class=\"_ _1\"> </span>wyzn<span class=\"_ _2\"></span>aczono  struktury <span class=\"_ _1\"> </span>kory<span class=\"_ _2\"></span>tarz,  czyli <span class=\"_ _1\"> </span>nabyte<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>opcje sprzeda<span class=\"_ _2\"></span>\u017cy oraz sprzed<span class=\"_ _2\"></span>ane opcje kupna<span class=\"_ _2\"></span>. ** Rozliczen<span class=\"_ _2\"></span>ia p\u0142atno\u015b<span class=\"_ _2\"></span>ci odsetkowych<span class=\"_ _2\"></span> dokonywane<span class=\"_ _2\"></span> s\u0105 w okresowo, co<span class=\"_ _2\"></span> p\u00f3\u0142 roku, do<span class=\"_ _2\"></span> momentu re<span class=\"_ _2\"></span>alizacji transakcji<span class=\"_ _2\"></span>. *** <span class=\"_ _53\"></span>Re<span class=\"_ _2\"></span>klasyfikacja<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zys<span class=\"_ _2\"></span>k\u00f3w <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>strat <span class=\"_ _53\"></span>p<span class=\"_ _2\"></span>owsta\u0142<span class=\"_ _2\"></span>ych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>i<span class=\"_ _2\"></span>nstrumencie<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span>abezpieczaj\u0105cym <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142ywy <span class=\"_ _0\"></span>pieni\u0119\u017cne <span class=\"_ _0\"> </span>z poz<span class=\"_ _2\"></span>osta\u0142ych <span class=\"_ _53\"></span>ca<span class=\"_ _2\"></span>\u0142kowitych <span class=\"_ _0\"> </span>doch<span class=\"_ _2\"></span>od\u00f3w <span class=\"_ _0\"></span>do sprawoz<span class=\"_ _2\"></span>dania <span class=\"_ _59\"> </span>z wyniku <span class=\"_ _59\"> </span>nast\u0119<span class=\"_ _2\"></span>puje <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>okresie <span class=\"_ _59\"> </span>sprawoz<span class=\"_ _2\"></span>dawczym, <span class=\"_ _59\"> </span>w kt\u00f3rym<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>pozycja <span class=\"_ _59\"> </span>zabezp<span class=\"_ _2\"></span>ieczana <span class=\"_ _59\"> </span>wp\u0142yw<span class=\"_ _2\"></span>a <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>wynik <span class=\"_ _59\"> </span>(jako <span class=\"_ _59\"> </span>korekta <span class=\"_ _59\"> </span>pozycji zabezp<span class=\"_ _2\"></span>ieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/kosz<span class=\"_ _2\"></span>t\u00f3w  operacyjnych  dla  rozliczanego<span class=\"_ _2\"></span>  kosztu  zabezpieczenia).  Natomiast<span class=\"_ _2\"></span>  uj\u0119cie  w ksi\u0119gach wyniku z ro<span class=\"_ _2\"></span>zliczenia tran<span class=\"_ _2\"></span>sakcji nast\u0119pu<span class=\"_ _2\"></span>je w dacie jej<span class=\"_ _2\"></span> rozliczenia. W <span class=\"_ _54\"> </span>tabeli <span class=\"_ _54\"> </span>poni\u017cej <span class=\"_ _54\"> </span>zaprezentowano <span class=\"_ _54\"> </span>szczeg\u00f3\u0142owo <span class=\"_ _54\"> </span>dane <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>pochodnych <span class=\"_ _54\"> </span>wyzn<span class=\"_ _3\"></span>aczonych <span class=\"_ _54\"> </span>jako <span class=\"_ _54\"> </span>zabezpieczaj\u0105ce, posiadanych przez <span class=\"_ _3\"></span>Jednostk\u0119 Dominuj\u0105c\u0105 <span class=\"_ _3\"></span>na dzie\u0144 31 grudnia<span class=\"_ _3\"></span> 2021 r.  Otwarte pochod<span class=\"_ _2\"></span>ne instrum<span class=\"_ _2\"></span>enty zabezpieczaj\u0105c<span class=\"_ _2\"></span>e<span class=\"ff2 fc0\"> </span>Nomina\u0142 transakcji \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena/ kurs/ stopa %<span class=\"_ _192\"> </span>Zapadaln<span class=\"_ _192\"> </span>o\u015b\u0107 okres rozlic<span class=\"_ _2\"></span>zenia<span class=\"_ _192\"> </span>Okres uj\u0119cia w<span class=\"_ _2\"></span>p\u0142ywu na wynik finansowy*<span class=\"_ _2\"></span>**<span class=\"_ _192\"> </span>mied\u017a [t] srebro [ml<span class=\"_ _2\"></span>n uncji] waluty [mln US<span class=\"_ _2\"></span>D] CIRS [mln PLN]<span class=\"_ _2\"></span> [USD/t]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>] [USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN, sta\u0142a st<span class=\"_ _2\"></span>.% dla USD<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>Typ instrumen<span class=\"_ _2\"></span>tu pochodneg<span class=\"_ _2\"></span>o<span class=\"ff2 fc0\"> </span>Mied\u017a \u2013 strat<span class=\"_ _2\"></span>egie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _a9\"> </span>243 000 <span class=\"_ _9f\"> </span>7 553-9 227<span class=\"_ _2\"></span> <span class=\"_ _120\"> </span>sty\u201822<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Srebro \u2013 st<span class=\"_ _2\"></span>rategie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">korytarz</span> <span class=\"_ _94\"> </span>6,60 <span class=\"_ _11f\"> </span>26,3<span class=\"_ _2\"></span>6-55,00<span class=\"_ _192\"> </span>sty\u201922<span class=\"_ _192\"> </span>- gru\u201922<span class=\"_ _192\"> </span>sty\u201922<span class=\"_ _192\"> </span>- sty\u201923<span class=\"_ _192\"> </span>Srebro \u2013 st<span class=\"_ _2\"></span>rategie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _9c\"> </span>7,80 <span class=\"_ _a9\"> </span>26<span class=\"_ _3\"></span>,00-42<span class=\"_ _2\"></span>,00<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">korytarz</span> <span class=\"_ _123\"> </span>240 <span class=\"_ _124\"> </span>3,85-4,60<span class=\"_ _192\"> </span>lip\u201922<span class=\"_ _192\"> </span>- gru\u201922<span class=\"_ _192\"> </span>lip\u201922<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">mewa<span class=\"_ _2\"></span>*</span> <span class=\"_ _bf\"> </span>630 <span class=\"_ _124\"> </span>3,94-4,54<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _cc\"> </span>400 <span class=\"_ _ae\"> </span>3,78 i 3,23%<span class=\"_ _192\"> </span>cze \u201824 <span class=\"_ _d4\"> </span>cze \u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _7e\"> </span>1 600 <span class=\"_ _122\"> </span>3,81 i 3,94% <span class=\"_ _71\"> </span>cze \u201829<span class=\"_ _192\"> </span>cze \u201829<span class=\"_ _192\"> </span>- lip \u201829<span class=\"_ _192\"> </span>* W ram<span class=\"_ _2\"></span>ach stru<span class=\"_ _2\"></span>ktur opcyjn<span class=\"_ _2\"></span>ych mew<span class=\"_ _2\"></span>a jako zabez<span class=\"_ _2\"></span>pieczaj\u0105ce (CFH <span class=\"_ _2\"></span>- Cash <span class=\"_ _2\"></span>Flow He<span class=\"_ _2\"></span>dging) <span class=\"_ _2\"></span>wyznaczono <span class=\"_ _2\"></span>struktury kory<span class=\"_ _2\"></span>tarz, czyli <span class=\"_ _2\"></span>nabyte <span class=\"_ _2\"></span>opcje sp<span class=\"_ _2\"></span>rzeda\u017cy oraz sprze<span class=\"_ _2\"></span>dane opcje<span class=\"_ _2\"></span> kupna. ** Rozliczen<span class=\"_ _2\"></span>ia p\u0142atno\u015b<span class=\"_ _2\"></span>ci odsetkowych<span class=\"_ _2\"></span> dokonywane<span class=\"_ _2\"></span> s\u0105 w okresowo, co<span class=\"_ _2\"></span> p\u00f3\u0142 roku, do<span class=\"_ _2\"></span> momentu re<span class=\"_ _2\"></span>alizacji transakcji<span class=\"_ _2\"></span>. *** <span class=\"_ _53\"></span>Re<span class=\"_ _2\"></span>klasyfikacja<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zys<span class=\"_ _2\"></span>k\u00f3w <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>strat <span class=\"_ _53\"></span>p<span class=\"_ _2\"></span>owsta\u0142<span class=\"_ _2\"></span>ych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>i<span class=\"_ _2\"></span>nstrumencie<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span>abezpieczaj\u0105cym <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142ywy <span class=\"_ _0\"></span>pieni\u0119\u017cne <span class=\"_ _0\"> </span>z pozosta<span class=\"_ _2\"></span>\u0142ych <span class=\"_ _53\"></span>ca<span class=\"_ _2\"></span>\u0142kowitych <span class=\"_ _0\"> </span>doch<span class=\"_ _2\"></span>od\u00f3w <span class=\"_ _0\"></span>do sprawoz<span class=\"_ _2\"></span>dania <span class=\"_ _59\"> </span>z wyniku <span class=\"_ _59\"> </span>nast\u0119<span class=\"_ _2\"></span>puje <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>kresie <span class=\"_ _59\"> </span>sprawoz<span class=\"_ _2\"></span>dawczym, <span class=\"_ _59\"> </span>w kt\u00f3rym<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>pozycja <span class=\"_ _59\"> </span>zabezp<span class=\"_ _2\"></span>ieczana <span class=\"_ _59\"> </span>wp\u0142yw<span class=\"_ _2\"></span>a <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>wynik <span class=\"_ _59\"> </span>(jako <span class=\"_ _59\"> </span>korekta <span class=\"_ _59\"> </span>pozycji zabezp<span class=\"_ _2\"></span>ieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/koszt\u00f3w<span class=\"_ _2\"></span>  operacyjnych  dla  rozliczanego  kosztu  zabezpieczenia<span class=\"_ _2\"></span>). <span class=\"_ _1\"> </span>Nat<span class=\"_ _2\"></span>omiast  uj\u0119cie  w ksi\u0119gach wyniku z ro<span class=\"_ _2\"></span>zliczenia tran<span class=\"_ _2\"></span>sakcji nast\u0119pu<span class=\"_ _2\"></span>je w dacie jej<span class=\"_ _2\"></span> rozliczenia. Wp\u0142yw instrum<span class=\"_ _3\"></span>ent\u00f3w pochodnych i tra<span class=\"_ _3\"></span>nsakcji zabezpieczaj\u0105cych <span class=\"_ _3\"></span>na pozycje sprawozdania <span class=\"_ _3\"></span>z wyniku oraz <span class=\"_ _3\"></span>na sprawozdanie<span class=\"_ _3\"></span> z ca\u0142kowitych doch<span class=\"_ _3\"></span>od\u00f3w przedstawion<span class=\"_ _3\"></span>o poni\u017cej. Sprawozdanie z w<span class=\"_ _3\"></span>yniku<span class=\"ff2 fc0\"> </span>od 01.01.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _192\"> </span>od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _192\"> </span>Przychody z um\u00f3w <span class=\"_ _3\"></span>z klientami (korekta <span class=\"_ _3\"></span>z tytu\u0142u przeklasyfik<span class=\"_ _3\"></span>owania) <span class=\"_ _125\"> </span>(182)<span class=\"_ _192\"> </span>(1 651)<span class=\"_ _192\"> </span>Pozosta\u0142e przych<span class=\"_ _3\"></span>ody / (koszty) operacyjn<span class=\"_ _3\"></span>e (w tym korekta z<span class=\"_ _3\"></span> tytu\u0142u przeklasyfikowania)<span class=\"_ _3\"></span>:<span class=\"_ _192\"> </span>(220)<span class=\"_ _192\"> </span>(385)<span class=\"_ _192\"> </span>z tytu\u0142u realizacji ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych <span class=\"_ _126\"> </span>(213)<span class=\"_ _192\"> </span>(452)<span class=\"_ _192\"> </span>z tytu\u0142u wyceny ins<span class=\"_ _3\"></span>trument\u00f3w pochodnych<span class=\"_ _3\"></span> <span class=\"_ _127\"> </span>(7)<span class=\"_ _192\"> </span>67<span class=\"_ _192\"> </span>Przychody / (koszty<span class=\"_ _3\"></span>) finansowe: <span class=\"_ _128\"> </span>41<span class=\"_ _192\"> </span>(44)<span class=\"_ _192\"> </span>z tytu\u0142u realizacji ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych <span class=\"_ _26\"> </span>(19)<span class=\"_ _192\"> </span>(9)<span class=\"_ _192\"> </span>z tytu\u0142u wyceny ins<span class=\"_ _3\"></span>trument\u00f3w pochodnych<span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>-<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>odsetki od zad\u0142u\u017ce<span class=\"_ _3\"></span>nia (korekta z tytu\u0142u prz<span class=\"_ _3\"></span>eklasyfikowania) <span class=\"_ _108\"> </span>60<span class=\"_ _192\"> </span>(34)<span class=\"_ _192\"> </span>Wp\u0142yw instr<span class=\"_ _3\"></span>ument\u00f3w pochodnyc<span class=\"_ _3\"></span>h i zabezpieczaj\u0105cych <span class=\"_ _3\"></span> na wynik finansowy <span class=\"_ _3\"></span>okresu (bez uwz<span class=\"_ _3\"></span>gl\u0119dnienia efektu p<span class=\"_ _3\"></span>odatkowego) (361)<span class=\"_ _192\"> </span>(2 080)<span class=\"_ _192\"> </span>Sprawozdanie z p<span class=\"_ _3\"></span>ozosta\u0142ych ca\u0142kowitych <span class=\"_ _3\"></span>dochod\u00f3w Wycena transakcji za<span class=\"_ _3\"></span>bezpieczaj\u0105cych (cz<span class=\"_ _3\"></span>\u0119\u015b\u0107 skuteczna)  <span class=\"_ _12a\"> </span>1 239<span class=\"_ _192\"> </span>(2 431)<span class=\"_ _192\"> </span>Reklasyfikacja do przyc<span class=\"_ _3\"></span>hod\u00f3w z um\u00f3w z <span class=\"_ _3\"></span>klientami w zwi\u0105zku<span class=\"_ _3\"></span> z realizacj\u0105 pozycji zabezpiecza<span class=\"_ _3\"></span>nej  182<span class=\"_ _192\"> </span>1 651<span class=\"_ _192\"> </span>Reklasyfikacja do k<span class=\"_ _3\"></span>oszt\u00f3w finansowy<span class=\"_ _3\"></span>ch w zwi\u0105zku z<span class=\"_ _3\"></span> realizacj\u0105 pozycji zabezpieczan<span class=\"_ _3\"></span>ej (60)<span class=\"_ _192\"> </span>34<span class=\"_ _192\"> </span>Reklasyfikacja do p<span class=\"_ _3\"></span>ozosta\u0142ych koszt\u00f3w <span class=\"_ _3\"></span>operacyjnych w <span class=\"_ _3\"></span>zwi\u0105zku z realizacj\u0105 pozycji zabezpiecza<span class=\"_ _3\"></span>nej (rozliczen<span class=\"_ _3\"></span>ie kosztu zabezpieczenia<span class=\"_ _3\"></span>) 310<span class=\"_ _192\"> </span>379<span class=\"_ _192\"> </span>Wp\u0142yw transakcji<span class=\"_ _3\"></span> zabezpieczaj\u0105cych (bez uw<span class=\"_ _3\"></span>zgl\u0119dnienia efe<span class=\"_ _3\"></span>ktu podatkowego)*<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> </span>1 671<span class=\"_ _192\"> </span>(367)<span class=\"_ _192\"> </span>\u0141\u0104CZNE CA\u0141KOWI<span class=\"_ _3\"></span>TE DOCHODY<span class=\"_ _192\"> </span>1 310<span class=\"_ _192\"> </span>(2<span class=\"_ _192\"> </span>447)<span class=\"_ _192\"> </span>*<span class=\"_ _192\"> </span>Kwoty pod<span class=\"_ _2\"></span>atku dochod<span class=\"_ _2\"></span>owego odnosz\u0105ce si<span class=\"_ _2\"></span>\u0119 do ka\u017cde<span class=\"_ _2\"></span>go sk\u0142adnika po<span class=\"_ _2\"></span>zosta\u0142ych ca\u0142kowit<span class=\"_ _2\"></span>ych dochod\u00f3<span class=\"_ _2\"></span>w zaprezen<span class=\"_ _2\"></span>towano w Nocie 8.<span class=\"_ _2\"></span>2.2<span class=\"_ _192\"> </span>.<span class=\"ff10\">  </span>Nota 7.3 Inne instrum<span class=\"_ _3\"></span>enty finansowe w<span class=\"_ _3\"></span>yceniane w wart<span class=\"_ _3\"></span>o\u015bci godziwej Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span>Pozycja <span class=\"_ _74\"> </span>\u201eInne <span class=\"_ _74\"> </span>instrumenty <span class=\"_ _74\"> </span>finansowe <span class=\"_ _74\"> </span>wyceniane <span class=\"_ _74\"> </span>w  war<span class=\"_ _3\"></span>to\u015bci godziwej\u201d <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bejmuje <span class=\"_ _74\"> </span>g\u0142\u00f3wnie: <span class=\"_ _74\"> </span>udzia\u0142y <span class=\"_ _74\"> </span>i  ak<span class=\"_ _3\"></span>cje <span class=\"_ _74\"> </span>(notowane i nienotowane), <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _74\"> </span>nie <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _1\"> </span>nabyte<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>przeznaczeniem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>obrotu <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>dla <span class=\"_ _1\"> </span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _1\"> </span>dokonano <span class=\"_ _1\"> </span>wyboru <span class=\"_ _74\"> </span>opcji <span class=\"_ _1\"> </span>wyceny w warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>przez <span class=\"_ _0\"></span>pozosta\u0142e <span class=\"_ _53\"></span>ca\u0142kowite <span class=\"_ _53\"></span>dochody <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>celu <span class=\"_ _53\"></span>og<span class=\"_ _2\"></span>raniczenia <span class=\"_ _53\"></span>fluktuacji <span class=\"_ _53\"></span>wyniku <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>udzielone <span class=\"_ _0\"></span>po\u017cyczki  wyceniane <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziw<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>wynik <span class=\"_ _0\"></span>finansowy, <span class=\"_ _0\"></span>poniewa<span class=\"_ _3\"></span>\u017c <span class=\"_ _0\"></span>nie <span class=\"_ _0\"></span>zda\u0142y <span class=\"_ _0\"></span>testu <span class=\"_ _0\"></span>umownych <span class=\"_ _0\"></span>przep\u0142yw<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _0\"></span>pieni\u0119\u017cnych (SPPI), <span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>dy\u017c <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>strukturze <span class=\"_ _53\"></span>finansowania <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ostat<span class=\"_ _2\"></span>nim <span class=\"_ _2\"></span>etapie <span class=\"_ _53\"></span>u <span class=\"_ _53\"></span>docelowego <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dbiorcy <span class=\"_ _2\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _53\"></span>d\u0142ug <span class=\"_ _2\"></span>zamienia si\u0119 na udzia\u0142 kapita<span class=\"_ _3\"></span>\u0142owy, w zwi\u0105zku <span class=\"_ _3\"></span>z czym zosta\u0142y zakwalifik<span class=\"_ _3\"></span>owane do tej kat<span class=\"_ _3\"></span>egorii wyceny obowi\u0105<span class=\"_ _3\"></span>zkowo. Udzia\u0142y <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>akcje <span class=\"_ _2\"></span>ujmowane <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>pocz\u0105tkowo <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>dziwej <span class=\"_ _2\"></span>powi\u0119ksz<span class=\"_ _3\"></span>onej <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>koszty <span class=\"_ _2\"></span>transakcyjne, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>ko\u0144cz\u0105cy okres <span class=\"_ _0\"></span>sprawozdawczy <span class=\"_ _0\"></span>wycenian<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"> </span>w<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"> </span>z <span class=\"_ _0\"> </span>uj\u0119<span class=\"_ _2\"></span>ciem <span class=\"_ _0\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>z <span class=\"_ _0\"> </span>wy<span class=\"_ _2\"></span>ceny <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>po<span class=\"_ _2\"></span>zosta\u0142ych <span class=\"_ _0\"></span>ca\u0142kowitych dochodach.  Kwot  odniesionych  w  skumulowane  pozosta\u0142e  ca\u0142kowite  dochody <span class=\"_ _57\"> </span>nie  przenosi  si\u0119  p\u00f3\u017aniej  do <span class=\"_ _57\"> </span>wyniku<span class=\"_ _3\"></span> finansowego, <span class=\"_ _59\"> </span>natomiast <span class=\"_ _59\"> </span>skumulowane <span class=\"_ _59\"> </span>zyski/straty <span class=\"_ _59\"> </span>na <span class=\"_ _5a\"> </span>danym <span class=\"_ _59\"> </span>instrumencie <span class=\"_ _59\"> </span>kapita\u0142owym <span class=\"_ _59\"> </span>przenosi <span class=\"_ _59\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>ramach<span class=\"_ _3\"></span> kapita\u0142\u00f3w do zysk\u00f3<span class=\"_ _3\"></span>w zatrzymanych <span class=\"_ _3\"></span>w momencie zaprzestania<span class=\"_ _3\"></span> ujmowania instrum<span class=\"_ _3\"></span>entu kapita\u0142oweg<span class=\"_ _3\"></span>o. Dywidendy z takich in<span class=\"_ _3\"></span>westycji ujm<span class=\"_ _3\"></span>uje si\u0119 w wyniku finans<span class=\"_ _3\"></span>owym.  Przeliczenia pozycji w<span class=\"_ _3\"></span>yra\u017conych w walucie o<span class=\"_ _3\"></span>bcej dokonuje si\u0119 w<span class=\"_ _3\"></span>ed\u0142ug zasad rachunk<span class=\"_ _3\"></span>owo\u015bci opisanych w<span class=\"_ _3\"></span> Nocie 1.2<span class=\"_ _192\"> </span>Stan na 31.12.2022 <span class=\"_ _6f\"> </span> Stan na 31.12.2021 Akcje w sp\u00f3\u0142kach n<span class=\"_ _3\"></span>otowanych na gie\u0142dzie (<span class=\"_ _3\"></span>GPW w Warszawie oraz<span class=\"_ _3\"></span> na TSX Venture Exchange), <span class=\"_ _3\"></span>z tego:  422  <span class=\"_ _8f\"> </span><span class=\"fc0\"> 516<span class=\"_ _192\"> </span></span>TAURON POLSKA E<span class=\"_ _3\"></span>NERGIA S.A. <span class=\"_ _12b\"> </span> 386  <span class=\"_ _8f\"> </span><span class=\"fc0\"> 483<span class=\"_ _192\"> </span></span>GRUPA AZOTY S.A.<span class=\"_ _3\"></span> <span class=\"_ _12c\"> </span> 32  <span class=\"_ _b\"> </span><span class=\"fc0\"> 27<span class=\"_ _192\"> </span></span>Pozosta\u0142e akcje n<span class=\"_ _3\"></span>otowane  <span class=\"_ _12d\"> </span> 4  <span class=\"_ _122\"> </span><span class=\"fc0\"> 6<span class=\"_ _192\"> </span></span>Udzia\u0142y/akcje w sp\u00f3<span class=\"_ _3\"></span>\u0142kach nienotowanych <span class=\"_ _3\"></span>na gie\u0142dzie   99  <span class=\"_ _b\"> </span><span class=\"fc0\"> 99<span class=\"_ _192\"> </span></span>Udzielone po\u017cyczki <span class=\"_ _3\"></span>  20  <span class=\"_ _b\"> </span><span class=\"fc0\"> 22<span class=\"_ _192\"> </span></span>Pozosta\u0142e nale\u017cn<span class=\"_ _3\"></span>o\u015bci  65  <span class=\"_ _12e\"> </span><span class=\"fc0\">-<span class=\"_ _192\"> </span></span>Inne instrumenty <span class=\"_ _3\"></span>finansowe wycenian<span class=\"_ _3\"></span>e w warto\u015bci godziw<span class=\"_ _3\"></span>ej,  z tego:  606  <span class=\"_ _91\"> </span><span class=\"fc0\"> 637<span class=\"_ _192\"> </span></span>wykazane w ram<span class=\"_ _3\"></span>ach aktyw\u00f3w przeznaczon<span class=\"_ _3\"></span>ych do sprzeda\u017cy (gru<span class=\"_ _3\"></span>pa zbycia) <span class=\"_ _d6\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>wykazane jako \u201einn<span class=\"_ _3\"></span>e instrumenty<span class=\"_ _192\"> </span>finansowe wycenia<span class=\"_ _3\"></span>ne w warto\u015bci    godziwej\"  606 637<span class=\"_ _192\"> </span>Wycena <span class=\"_ _53\"></span>akcji <span class=\"_ _53\"></span>notowanych <span class=\"_ _53\"></span>zaliczana<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>jest<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>1 <span class=\"_ _53\"></span>hierarchii <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>(tj. <span class=\"_ _53\"></span>wycena <span class=\"_ _2\"></span>we<span class=\"_ _2\"></span>d\u0142ug <span class=\"_ _53\"></span>kurs\u00f3w <span class=\"_ _53\"></span>tych <span class=\"_ _53\"></span>akcji z aktywnego <span class=\"_ _2\"></span>rynku <span class=\"_ _53\"></span>z dnia <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>ceny), <span class=\"_ _2\"></span>wycena <span class=\"_ _53\"></span>udzia\u0142\u00f3w/akcji <span class=\"_ _2\"></span>nienotowanych <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>zaliczana <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>poziomu <span class=\"_ _2\"></span>2 <span class=\"_ _53\"></span>(tj. <span class=\"_ _53\"></span>wycena <span class=\"_ _53\"></span>oparta o dane o charakterze <span class=\"_ _3\"></span>obserwowa<span class=\"_ _3\"></span>lnym, niepochodz\u0105ce z a<span class=\"_ _3\"></span>ktywnego rynku).<span class=\"_ _3\"></span> Wycena udzielony<span class=\"_ _3\"></span>ch po\u017cyczek za<span class=\"_ _3\"></span>liczona jest do poziomu 2<span class=\"_ _3\"></span> hierarchii war<span class=\"_ _3\"></span>to\u015bci godziwej. Zar\u00f3wno w <span class=\"_ _2\"></span>roku <span class=\"_ _2\"></span>2022 jak <span class=\"_ _2\"></span>i 2<span class=\"_ _2\"></span>021 nie<span class=\"_ _2\"></span> wyst\u0105pi\u0142y <span class=\"_ _2\"></span>dywidendy od <span class=\"_ _2\"></span>sp\u00f3\u0142ek, w <span class=\"_ _2\"></span>kt\u00f3rych <span class=\"_ _2\"></span>Grupa posiada <span class=\"_ _2\"></span>akcje <span class=\"_ _2\"></span>zaklasyfikowane jako inne instrumenty finans<span class=\"_ _3\"></span>owe wyceniane w wa<span class=\"_ _3\"></span>rto\u015bci godziwej.  W <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>wyst\u0105pi\u0142y <span class=\"_ _2\"></span>przeniesienia <span class=\"_ _2\"></span>skumulowaneg<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>zysku <span class=\"_ _2\"></span>ani <span class=\"_ _2\"></span>straty <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>obr\u0119bie <span class=\"_ _2\"></span>kapita\u0142u <span class=\"_ _53\"></span>w\u0142asnego <span class=\"_ _2\"></span>dotycz\u0105cego <span class=\"_ _2\"></span>sp\u00f3\u0142ek, w kt\u00f3rych <span class=\"_ _57\"> </span>Grupa <span class=\"_ _57\"> </span>posiada <span class=\"_ _59\"> </span>akcj<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>zaklasyfikowane <span class=\"_ _57\"> </span>jako <span class=\"_ _59\"> </span>inne <span class=\"_ _57\"> </span>instrumenty <span class=\"_ _57\"> </span>finansowe <span class=\"_ _57\"> </span>wyceniane <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _59\"> </span>godziwe<span class=\"_ _3\"></span>j.  W  2<span class=\"_ _3\"></span>021  r<span class=\"_ _3\"></span>.  po <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ransak<span class=\"_ _3\"></span>cji  sprzed<span class=\"_ _3\"></span>a\u017cy <span class=\"_ _74\"> </span>udzia\u0142\u00f3w  sp\u00f3\u0142ki <span class=\"_ _74\"> </span>PGE  EJ1 <span class=\"_ _74\"> </span>Sp.  z <span class=\"_ _74\"> </span>o.o.  nas<span class=\"_ _3\"></span>t\u0105pi\u0142a  reklas<span class=\"_ _3\"></span>yfikacja <span class=\"_ _74\"> </span>wyniku  ze  z<span class=\"_ _3\"></span>bycia <span class=\"_ _74\"> </span>tych udzia\u0142\u00f3w w wys<span class=\"_ _3\"></span>oko\u015bci 18 mln PLN. <span class=\"_ _3\"></span> Z  tytu\u0142u <span class=\"_ _74\"> </span>inwestycji  w <span class=\"_ _74\"> </span>sp\u00f3\u0142ki  notowan<span class=\"_ _3\"></span>e  w <span class=\"_ _74\"> </span>obrocie  publicznym <span class=\"_ _1\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _74\"> </span>nara\u017cona  jest <span class=\"_ _74\"> </span>na  ryzyko <span class=\"_ _74\"> </span>ceno<span class=\"_ _2\"></span>we. <span class=\"_ _74\"> </span>Zmiany  kursu notowa\u0144  akcji  tych  sp\u00f3<span class=\"_ _3\"></span>\u0142ek,  spowodowane  bie\u017c\u0105c\u0105 <span class=\"_ _74\"> </span>sy<span class=\"_ _2\"></span>tuacj\u0105  m<span class=\"_ _3\"></span>akroekonomiczn\u0105  m<span class=\"_ _3\"></span>og\u0105  istotnie  wp\u0142ywa\u0107  na  wysok<span class=\"_ _3\"></span>o\u015b\u0107 pozosta\u0142ych ca\u0142kowit<span class=\"_ _3\"></span>ych dochod\u00f3w oraz <span class=\"_ _3\"></span>kwot\u0119 skumulowan\u0105 u<span class=\"_ _3\"></span>j\u0119t\u0105 w kapitale w<span class=\"_ _3\"></span>\u0142asnym. Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia analiz\u0119 wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci akcji sp\u00f3\u0142ek n<span class=\"_ _3\"></span>otowanych w obrocie pu<span class=\"_ _3\"></span>blicznym na zm<span class=\"_ _3\"></span>iany cen Stan na31.12.2022Zmiana p<span class=\"_ _3\"></span>rocentowa cen<span class=\"_ _3\"></span>y akcjiStan na 31.12.2021Zmiana p<span class=\"_ _3\"></span>rocentowa cen<span class=\"_ _3\"></span>y akcji14%<span class=\"_ _192\"> </span>-14%<span class=\"_ _192\"> </span>12%<span class=\"_ _192\"> </span>-12%<span class=\"_ _192\"> </span>Warto\u015b\u0107 bilansowaPozosta\u0142e ca\u0142kowite dochodyPozosta\u0142e ca\u0142kowite dochodyWarto\u015b\u0107 bilansowaPozosta\u0142e ca\u0142kowite dochodyPozosta\u0142e ca\u0142kowite dochodyAkcje noto<span class=\"_ _3\"></span>wane  w obrocie publi<span class=\"_ _3\"></span>cznym422<span class=\"_ _192\"> </span>60<span class=\"_ _192\"> </span>(60)<span class=\"_ _192\"> </span>516<span class=\"_ _192\"> </span>63<span class=\"_ _192\"> </span>(63)<span class=\"_ _192\"> </span>Analiza  w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci  dla  ist<span class=\"_ _3\"></span>otnych  rodzaj\u00f3w <span class=\"_ _74\"> </span>ryzyka  rynkowego, <span class=\"_ _74\"> </span>na  kt\u00f3re  Grupa <span class=\"_ _74\"> </span>Kapita\u0142owa  jest  nara\u017c<span class=\"_ _3\"></span>ona,  prezentuj<span class=\"_ _3\"></span>e szacunkowy <span class=\"_ _57\"> </span>wp\u0142yw <span class=\"_ _57\"> </span>jaki <span class=\"_ _59\"> </span>mia\u0142yby <span class=\"_ _57\"> </span>potencjalnie <span class=\"_ _57\"> </span>mo\u017cliwe <span class=\"_ _57\"> </span>zmiany <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>szczeg\u00f3lnych <span class=\"_ _57\"> </span>czynnik\u00f3w <span class=\"_ _57\"> </span>ryzyka <span class=\"_ _57\"> </span>(na <span class=\"_ _57\"> </span>ko<span class=\"_ _2\"></span>niec <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>kres<span class=\"_ _3\"></span>u sprawozdawczeg<span class=\"_ _3\"></span>o) na wynik finansowy oraz<span class=\"_ _3\"></span> pozosta\u0142e ca\u0142k<span class=\"_ _3\"></span>owite dochody.  Potencjalne <span class=\"_ _5a\"> </span>odchylenia <span class=\"_ _5a\"> </span>kurs\u00f3w <span class=\"_ _59\"> </span>akcji <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>ko\u0144cz\u0105cy <span class=\"_ _5a\"> </span>okres <span class=\"_ _54\"> </span>sprawozdawczy <span class=\"_ _59\"> </span>ust<span class=\"_ _2\"></span>alono <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>poziomie <span class=\"_ _5a\"> </span>odchylenia standardowego ind<span class=\"_ _3\"></span>eksu WIG20 za okres 3<span class=\"_ _3\"></span> lat kalendarzowych za<span class=\"_ _3\"></span>ko\u0144czonych w dniu spr<span class=\"_ _3\"></span>awozdawczym<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"_ _192\"> </span>Warto\u015b\u0107 <span class=\"_ _5a\"> </span>godziw\u0105 <span class=\"_ _54\"> </span>akcji <span class=\"_ _5a\"> </span>nienotowanych <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>udzia\u0142\u00f3w <span class=\"_ _54\"> </span>ustala <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>zastosowaniem <span class=\"_ _5a\"> </span>wyceny maj\u0105tkowej <span class=\"_ _5a\"> </span>wg <span class=\"_ _54\"> </span>metody skorygowanych aktyw\u00f3w netto. Zastosowanie tej metody wynika ze specy<span class=\"_ _2\"></span>fiki aktyw\u00f3w sp\u00f3\u0142ek, kt\u00f3rych udzia\u0142y podlegaj\u0105 wycenie. <span class=\"_ _5a\"> </span>Do <span class=\"_ _5a\"> </span>wyceny <span class=\"_ _5a\"> </span>zosta\u0142y <span class=\"_ _5a\"> </span>wykorzystane <span class=\"_ _5a\"> </span>dane <span class=\"_ _5a\"> </span>wej\u015bciowe<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>inne <span class=\"_ _54\"> </span>ni\u017c <span class=\"_ _59\"> </span>po<span class=\"_ _2\"></span>chodz\u0105ce <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>aktywnego <span class=\"_ _5a\"> </span>rynku, <span class=\"_ _59\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>s\u0105<span class=\"_ _3\"></span> obserwowalne <span class=\"_ _1\"> </span>(np. <span class=\"_ _1\"> </span>ceny <span class=\"_ _74\"> </span>transakcyjne <span class=\"_ _1\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>podobnych <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>b\u0119d\u0105cych <span class=\"_ _1\"> </span>przedmiotem <span class=\"_ _1\"> </span>wyceny, rynkowe stopy procen<span class=\"_ _3\"></span>towe obligacji Skarbu <span class=\"_ _3\"></span>Pa\u0144stwa i lokat terminowych w <span class=\"_ _3\"></span>instytucjach finansowych, <span class=\"_ _3\"></span>stopa dyskontowa wolna od ryzyka <span class=\"_ _3\"></span>publikowana przez E<span class=\"_ _3\"></span>uropejski Urz\u0105d Nadzoru U<span class=\"_ _3\"></span>bezpiecze\u0144 i Pracownicz<span class=\"_ _3\"></span>ych Program\u00f3w E<span class=\"_ _3\"></span>merytalnych). Warto\u015b\u0107 <span class=\"_ _2\"></span>godziw\u0105 <span class=\"_ _2\"></span>akcji <span class=\"_ _53\"></span>notowany<span class=\"_ _3\"></span>ch <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>gie\u0142dzie <span class=\"_ _2\"></span>ustala <span class=\"_ _2\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>kurs <span class=\"_ _2\"></span>zamkni\u0119cia <span class=\"_ _2\"></span>notowa\u0144 <span class=\"_ _2\"></span>akcji <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _2\"></span>ko\u0144cz\u0105cy okres sprawozdawczy<span class=\"_ _3\"></span>. Warto\u015b\u0107 <span class=\"_ _1\"> </span>godziwa <span class=\"_ _74\"> </span>po\u017cyczki <span class=\"_ _74\"> </span>ustalana <span class=\"_ _1\"> </span>jest<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>jako <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>bie\u017c\u0105ca <span class=\"_ _74\"> </span>przysz\u0142ych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119\u017cnych <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem<span class=\"_ _3\"></span> zmiany czynnik<span class=\"_ _3\"></span>\u00f3w ryzyka rynkowego i kr<span class=\"_ _3\"></span>edytowego w trakcie \u017cyci<span class=\"_ _3\"></span>a po\u017cyczki<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span> Nota 7.4 Inne instrum<span class=\"_ _3\"></span>enty finansowe w<span class=\"_ _3\"></span>yceniane w zamorty<span class=\"_ _3\"></span>zowanym koszcie<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na 31.12.2021 \u015arodki pieni\u0119\u017cne Fun<span class=\"_ _3\"></span>duszu Likwidacji Z<span class=\"_ _3\"></span>ak\u0142ad\u00f3w G\u00f3rniczych i Funduszu Rekul<span class=\"_ _3\"></span>tywacji Sk\u0142adowisk Od<span class=\"_ _3\"></span>pad\u00f3w* 406<span class=\"_ _192\"> </span>427<span class=\"_ _192\"> </span>Pozosta\u0142e d\u0142ug<span class=\"_ _3\"></span>oterminowe nale\u017cno\u015bci finans<span class=\"_ _3\"></span>owe 63<span class=\"_ _192\"> </span>72<span class=\"_ _192\"> </span>Nota 7.1 Razem, z tego:<span class=\"_ _3\"></span> 469<span class=\"_ _192\"> </span>499<span class=\"_ _192\"> </span>wykazane w ram<span class=\"_ _3\"></span>ach aktyw\u00f3w przeznaczon<span class=\"_ _3\"></span>ych do sprzeda\u017cy<span class=\"_ _3\"></span> (grupa zbycia) - 3<span class=\"_ _192\"> </span>wykazane jako \u201einn<span class=\"_ _3\"></span>e instrumenty finans<span class=\"_ _3\"></span>owe wyceniane  w zamortyzowanym <span class=\"_ _3\"></span>koszcie\"  469 496<span class=\"_ _192\"> </span>* Z dn<span class=\"_ _2\"></span>iem 15<span class=\"_ _2\"></span> lipca <span class=\"_ _2\"></span>2022 r. Sp<span class=\"_ _2\"></span>\u00f3\u0142ka d<span class=\"_ _2\"></span>okona\u0142a <span class=\"_ _2\"></span>zmiany form<span class=\"_ _2\"></span>y Fund<span class=\"_ _2\"></span>uszu Re<span class=\"_ _2\"></span>kultywacji Sk\u0142a<span class=\"_ _2\"></span>dowisk <span class=\"_ _2\"></span>Odpad<span class=\"_ _2\"></span>\u00f3w w kw<span class=\"_ _2\"></span>ocie 98 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>z rachu<span class=\"_ _2\"></span>nku b<span class=\"_ _2\"></span>ankowego na gwaran<span class=\"_ _2\"></span>cj\u0119 bankow<span class=\"_ _2\"></span>\u0105.  \u015arodki zos<span class=\"_ _2\"></span>ta\u0142y z<span class=\"_ _2\"></span>gromadzo<span class=\"_ _2\"></span>ne przez Je<span class=\"_ _2\"></span>dnostk\u0119 Dom<span class=\"_ _2\"></span>inuj\u0105c\u0105 oraz G<span class=\"_ _2\"></span>rup\u0119 KG<span class=\"_ _2\"></span>HM INTERN<span class=\"_ _2\"></span>ATIONAL L<span class=\"_ _2\"></span>TD. na po<span class=\"_ _2\"></span>dstawie ob<span class=\"_ _2\"></span>owi\u0105zk\u00f3w wynikaj\u0105cy<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>z przepis<span class=\"_ _2\"></span>\u00f3w p<span class=\"_ _2\"></span>rawa <span class=\"_ _2\"></span>m.in. <span class=\"_ _2\"></span>Ustawy <span class=\"_ _2\"></span>Praw<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>Geologiczn<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>G\u00f3rnicze, <span class=\"_ _2\"></span>Ustawy<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span> odpad<span class=\"_ _2\"></span>ach <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>zgodnie<span class=\"_ _2\"></span> z <span class=\"_ _2\"></span>prawe<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>obowi\u0105zuj<span class=\"_ _2\"></span>\u0105cym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>Stanach Zjedno<span class=\"_ _2\"></span>czonych Ameryki P\u00f3<span class=\"_ _2\"></span>\u0142nocnej i Kanad<span class=\"_ _2\"></span>zie. Aktywa <span class=\"_ _59\"> </span>finansow<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>przeznaczone <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>likwidacj\u0119 <span class=\"_ _59\"> </span>kopal\u0144 <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>r<span class=\"_ _3\"></span>ekultywacj\u0119 <span class=\"_ _59\"> </span>sk<span class=\"_ _3\"></span>\u0142adowisk <span class=\"_ _59\"> </span>odpad\u00f3w <span class=\"_ _57\"> </span>nara\u017cone <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>ryzyko<span class=\"_ _3\"></span> kredytowe opisane w <span class=\"_ _3\"></span>Nocie 7.5.2.5. Szczeg\u00f3\u0142y <span class=\"_ _53\"></span>dotycz\u0105ce <span class=\"_ _53\"></span>aktualizacji <span class=\"_ _53\"></span>rezerwy <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>koszty <span class=\"_ _53\"></span>likwidacji <span class=\"_ _53\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>innych <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>biekt\u00f3w <span class=\"_ _53\"></span>technologicz<span class=\"_ _3\"></span>nych <span class=\"_ _53\"></span>opisane <span class=\"_ _0\"></span>zosta<span class=\"_ _3\"></span>\u0142y w Nocie 9.4. Nota 7.5 Zarz\u0105dz<span class=\"_ _3\"></span>anie ryzykiem <span class=\"_ _3\"></span>finansowym G\u0142\u00f3wne rodzaje ryzyka <span class=\"_ _3\"></span>finansowego, <span class=\"_ _3\"></span>na kt\u00f3re Grupa Kapita\u0142<span class=\"_ _3\"></span>owa jest nara\u017cona w r<span class=\"_ _3\"></span>amach prowadzone<span class=\"_ _3\"></span>j dzia\u0142alno\u015bci to:  \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyka rynkow<span class=\"_ _3\"></span>e: </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian cen m<span class=\"_ _3\"></span>etali, </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian ku<span class=\"_ _3\"></span>rs\u00f3w walutowych,<span class=\"_ _3\"></span> </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian st<span class=\"_ _3\"></span>\u00f3p procentowych,<span class=\"_ _3\"></span>  </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> cenowe zw<span class=\"_ _3\"></span>i\u0105zane z inwes<span class=\"_ _3\"></span>tycjami w akcje sp\u00f3\u0142<span class=\"_ _3\"></span>ek notowanych w <span class=\"_ _3\"></span>obrocie publicznym (Nota <span class=\"_ _3\"></span>7.3),  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyko kredytow<span class=\"_ _3\"></span>e, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyko p\u0142ynno\u015bci (<span class=\"_ _3\"></span>proces zarz\u0105dza<span class=\"_ _3\"></span>nia p\u0142ynno\u015bci\u0105 finansow\u0105<span class=\"_ _3\"></span> opisany jest w Noci<span class=\"_ _3\"></span>e 8). </span></span>Grupa <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>bie\u017c\u0105co <span class=\"_ _1\"> </span>identyfikuje <span class=\"_ _0\"> </span>i <span class=\"_ _1\"> </span>dokonuje <span class=\"_ _1\"> </span>pomiar\u00f3w <span class=\"_ _0\"> </span>ryzyka <span class=\"_ _1\"> </span>finansowego, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>tak\u017ce <span class=\"_ _1\"> </span>podejmuje <span class=\"_ _0\"> </span>dzia\u0142ania <span class=\"_ _1\"> </span>maj\u0105ce <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>celu<span class=\"_ _3\"></span> minimalizacj\u0119 ich wp<span class=\"_ _3\"></span>\u0142ywu na sytuacj\u0119 finans<span class=\"_ _3\"></span>ow\u0105. Jednostka <span class=\"_ _0\"></span>Dominuj\u0105<span class=\"_ _3\"></span>ca <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>parciu <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>przyj\u0119t\u0105 <span class=\"_ _0\"></span>Polityk\u0119 <span class=\"_ _0\"></span>Zarz\u0105d<span class=\"_ _3\"></span>zania <span class=\"_ _0\"></span>Ryzykiem <span class=\"_ _53\"></span>Rynkowym, <span class=\"_ _0\"></span>Polityk\u0119 <span class=\"_ _53\"></span>Zarz\u0105dzania <span class=\"_ _0\"></span>P\u0142ynno\u015bci\u0105 Finansow\u0105 <span class=\"_ _67\"> </span>oraz <span class=\"_ _5e\"> </span>Po<span class=\"_ _2\"></span>lityk\u0119 <span class=\"_ _67\"> </span>Zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _67\"> </span>Ryzykiem <span class=\"_ _5e\"> </span>Kredytowym, <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>spos\u00f3b <span class=\"_ _67\"> </span>\u015bwiadom<span class=\"_ _3\"></span>y <span class=\"_ _67\"> </span>i <span class=\"_ _67\"> </span>odpowiedzialn<span class=\"_ _3\"></span>y <span class=\"_ _67\"> </span>zarz\u0105dza zidentyfikowanym<span class=\"_ _3\"></span>i <span class=\"_ _74\"> </span>rodzajami <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>f<span class=\"_ _2\"></span>inansowego. <span class=\"_ _1\"> </span>Proces <span class=\"_ _74\"> </span>zarz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _1\"> </span>ryzykie<span class=\"_ _2\"></span>m <span class=\"_ _1\"> </span>finansowym <span class=\"_ _1\"> </span>w Jednostce <span class=\"_ _74\"> </span>Dominuj\u0105cej wspomagany <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>prac\u0119 <span class=\"_ _59\"> </span>Komitetu <span class=\"_ _57\"> </span>Ryzyka <span class=\"_ _57\"> </span>Rynkowego, <span class=\"_ _57\"> </span>Komitetu <span class=\"_ _57\"> </span>P\u0142ynno\u015bci <span class=\"_ _59\"> </span>Finansow<span class=\"_ _3\"></span>ej <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>Ko<span class=\"_ _2\"></span>mitetu <span class=\"_ _57\"> </span>Ryzyka Kredytowego.  Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a za\u0142o\u017cenia i<span class=\"_ _3\"></span> os\u0105dy<span class=\"_ _192\"> </span>W <span class=\"_ _65\"> </span>pozycji <span class=\"_ _63\"> </span>inne <span class=\"_ _65\"> </span>instrum<span class=\"_ _3\"></span>enty <span class=\"_ _65\"> </span>finans<span class=\"_ _3\"></span>owe <span class=\"_ _65\"> </span>wycenian<span class=\"_ _3\"></span>e w zamortyzowanym koszcie wykaz<span class=\"_ _3\"></span>uje si\u0119 <span class=\"_ _2\"></span>aktywa finansowe przeznaczone <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>pokrycie <span class=\"_ _64\"> </span>koszt\u00f3w <span class=\"_ _64\"> </span>likwidac<span class=\"_ _3\"></span>ji <span class=\"_ _64\"> </span>kopal\u0144 (zasady <span class=\"_ _55\"> </span>rachunkowo\u015bci <span class=\"_ _55\"> </span>w zakresie <span class=\"_ _5e\"> </span>obowi\u0105zku <span class=\"_ _55\"> </span>likwidacji kopal\u0144 <span class=\"_ _54\"> </span>przedstawiono <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>Nocie <span class=\"_ _54\"> </span>9.4) <span class=\"_ _54\"> </span>oraz <span class=\"_ _54\"> </span>inne <span class=\"_ _54\"> </span>aktywa finansowe nie za<span class=\"_ _3\"></span>klasyfikowane do poz<span class=\"_ _3\"></span>osta\u0142ych pozycji. Aktywa <span class=\"_ _64\"> </span>zaliczone <span class=\"_ _62\"> </span>zgodnie <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>MSSF <span class=\"_ _62\"> </span>9 <span class=\"_ _62\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _62\"> </span>kate<span class=\"_ _3\"></span>gorii \u201ewyceniane <span class=\"_ _62\"> </span>w zamortyzowanym <span class=\"_ _62\"> </span>ko<span class=\"_ _2\"></span>szcie\u201d <span class=\"_ _61\"> </span>ujmuje <span class=\"_ _61\"> </span>si\u0119 pocz\u0105tkowo  w warto\u015bci  godziw<span class=\"_ _3\"></span>ej  skorygowanej  o  koszty transakcyjne, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>m<span class=\"_ _3\"></span>o\u017cna <span class=\"_ _54\"> </span>be<span class=\"_ _3\"></span>zpo\u015brednio <span class=\"_ _54\"> </span>prz<span class=\"_ _3\"></span>ypisa\u0107 <span class=\"_ _5a\"> </span>do nabycia  t<span class=\"_ _2\"></span>ych  aktyw\u00f3w <span class=\"_ _57\"> </span>oraz  wycenia <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144  ko\u0144cz\u0105cy okres <span class=\"_ _57\"> </span>sprawozdawczy <span class=\"_ _57\"> </span>wed\u0142ug <span class=\"_ _59\"> </span>zamortyz<span class=\"_ _3\"></span>owanego <span class=\"_ _57\"> </span>kosztu przy <span class=\"_ _2\"></span>zasto<span class=\"_ _2\"></span>sowaniu<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>metody <span class=\"_ _2\"></span>efektywnej <span class=\"_ _2\"></span>stopy <span class=\"_ _53\"></span>procentowej, z uwzgl\u0119dnieniem u<span class=\"_ _3\"></span>traty warto\u015bci. Analiza <span class=\"_ _74\"> </span>wra\u017cliwo\u015bci <span class=\"_ _74\"> </span>na  ryzyko <span class=\"_ _74\"> </span>zmian <span class=\"_ _74\"> </span>st\u00f3<span class=\"_ _2\"></span>p <span class=\"_ _74\"> </span>procentowych \u015brodk\u00f3w <span class=\"_ _5b\"> </span>pieni\u0119\u017cnych <span class=\"_ _5b\"> </span>zgromadzonych <span class=\"_ _5b\"> </span>na <span class=\"_ _5b\"> </span>rachunku bankowym <span class=\"_ _0\"></span>Funduszu <span class=\"_ _1\"> </span>Likwidacji<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>Zak\u0142adu <span class=\"_ _0\"> </span>G\u00f3rniczego <span class=\"_ _1\"> </span>oraz inwestycji <span class=\"_ _53\"></span>w d\u0142u\u017cne <span class=\"_ _0\"></span>papier<span class=\"_ _3\"></span>y <span class=\"_ _0\"></span>warto\u015bci<span class=\"_ _3\"></span>owe <span class=\"_ _0\"></span>zaprezent<span class=\"_ _3\"></span>owana zosta\u0142a w Nocie 7<span class=\"_ _3\"></span>.5.1.4. Nota 7.5.1 Ryzy<span class=\"_ _3\"></span>ko rynkowe Poprzez <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>rynkowe, <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _74\"> </span>nara\u017cona <span class=\"_ _1\"> </span>jest <span class=\"_ _74\"> </span>Grupa <span class=\"_ _1\"> </span>Kapita\u0142owa, <span class=\"_ _1\"> </span>rozumie <span class=\"_ _1\"> </span>s<span class=\"_ _2\"></span>i\u0119 <span class=\"_ _1\"> </span>mo\u017cliwo\u015b\u0107 <span class=\"_ _1\"> </span>wyst\u0105pienia <span class=\"_ _1\"> </span>negatywnego wp\u0142ywu <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>wyniki <span class=\"_ _1\"> </span>Grupy <span class=\"_ _74\"> </span>wynikaj\u0105cego <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>zmiany <span class=\"_ _74\"> </span>cen <span class=\"_ _1\"> </span>rynkowych <span class=\"_ _1\"> </span>to<span class=\"_ _2\"></span>war\u00f3w, <span class=\"_ _1\"> </span>kurs\u00f3w <span class=\"_ _1\"> </span>walutowych <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>st\u00f3p <span class=\"_ _74\"> </span>procentowych, d\u0142u\u017cnych papier<span class=\"_ _3\"></span>\u00f3w warto\u015bciowyc<span class=\"_ _3\"></span>h oraz cen akcji sp\u00f3\u0142ek n<span class=\"_ _3\"></span>otowanych w obrocie pub<span class=\"_ _3\"></span>licznym. Nota 7.5.1.1 Z<span class=\"_ _3\"></span>asady i techniki zarz<span class=\"_ _3\"></span>\u0105dzania ryzykiem rynk<span class=\"_ _3\"></span>owym W <span class=\"_ _57\"> </span>zakresie <span class=\"_ _57\"> </span>zarz\u0105dzania<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(w <span class=\"_ _57\"> </span>szczeg\u00f3lno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>zmian <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>metali  i <span class=\"_ _57\"> </span>walutowym) <span class=\"_ _57\"> </span>najwi\u0119ksze<span class=\"_ _3\"></span> znaczenie <span class=\"_ _74\"> </span>oraz  wp\u0142yw <span class=\"_ _74\"> </span>na  w<span class=\"_ _3\"></span>yniki  Gru<span class=\"_ _3\"></span>py  Kapi<span class=\"_ _3\"></span>ta\u0142owej  K<span class=\"_ _3\"></span>GHM  P<span class=\"_ _3\"></span>olska <span class=\"_ _58\"> </span>Mied\u017a <span class=\"_ _74\"> </span>S.A.  ma <span class=\"_ _74\"> </span>skala  i <span class=\"_ _74\"> </span>profil  dzia<span class=\"_ _3\"></span>\u0142alno\u015bci <span class=\"_ _58\"> </span>Jednostki Dominuj\u0105cej oraz <span class=\"_ _3\"></span>sp\u00f3\u0142ek wydobywczych <span class=\"_ _3\"></span>KGHM INTERNAT<span class=\"_ _3\"></span>IONAL LTD. Jednostka <span class=\"_ _55\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>aktywnie <span class=\"_ _55\"> </span>zarz\u0105dza <span class=\"_ _54\"> </span>ryzykiem <span class=\"_ _5e\"> </span>rynkowym,<span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>pode<span class=\"_ _2\"></span>jmuj\u0105c <span class=\"_ _55\"> </span>dzia\u0142ania <span class=\"_ _54\"> </span>i <span class=\"_ _5e\"> </span>decyzje <span class=\"_ _55\"> </span>w <span class=\"_ _55\"> </span>tym <span class=\"_ _55\"> </span>zakresie w kontek\u015bcie globaln<span class=\"_ _3\"></span>ej ekspozycji <span class=\"_ _3\"></span>w ca\u0142ej Grupie Kapita\u0142owe<span class=\"_ _3\"></span>j KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. Zgodnie z przyj\u0119<span class=\"_ _3\"></span>t\u0105 polityk\u0105, celami pr<span class=\"_ _3\"></span>ocesu zarz\u0105dzania <span class=\"_ _3\"></span>ryzykiem rynkowym w Grupie Ka<span class=\"_ _3\"></span>pita\u0142owej s\u0105: <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ograniczeni<span class=\"_ _3\"></span>e zmienno\u015bci wyniku finan<span class=\"_ _3\"></span>sowego, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zwi\u0119kszenie pr<span class=\"_ _3\"></span>awdopodobie\u0144st<span class=\"_ _3\"></span>wa realizacji za\u0142o\u017ce\u0144 bud\u017c<span class=\"_ _3\"></span>etowych,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zmniejszenie pr<span class=\"_ _3\"></span>awdopodobie\u0144st<span class=\"_ _3\"></span>wa utraty p\u0142ynno\u015bci finan<span class=\"_ _3\"></span>sowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">utrzymanie d<span class=\"_ _3\"></span>obrej kondycji finan<span class=\"_ _3\"></span>sowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">wspieranie <span class=\"_ _63\"> </span>procesu <span class=\"_ _63\"> </span>podejmowania <span class=\"_ _63\"> </span>decyzji <span class=\"_ _63\"> </span>strategicznych <span class=\"_ _63\"> </span>w <span class=\"_ _63\"> </span>o<span class=\"_ _2\"></span>bszarze <span class=\"_ _63\"> </span>dzia\u0142alno\u015bci <span class=\"_ _63\"> </span>inwestycyjnej, </span></span>z uwzgl\u0119dnieniem \u017ar<span class=\"_ _3\"></span>\u00f3de\u0142 finansowania<span class=\"_ _3\"></span> inwestycji. Wszystkie cele <span class=\"_ _2\"></span>zarz\u0105dzania ryzykiem <span class=\"_ _2\"></span>rynkowym nale\u017cy <span class=\"_ _2\"></span>rozpatrywa\u0107 \u0142\u0105cznie, a <span class=\"_ _2\"></span>ich <span class=\"_ _2\"></span>realizacja je<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>zale\u017cna przede <span class=\"_ _2\"></span>wszystkim od sytuacji wewn\u0119<span class=\"_ _3\"></span>trznej Grupy oraz<span class=\"_ _3\"></span> warunk\u00f3w rynkowych. <span class=\"_ _3\"></span> Cele <span class=\"_ _69\"> </span>zarz\u0105dzania <span class=\"_ _67\"> </span>ryzykiem <span class=\"_ _69\"> </span>rynkowym <span class=\"_ _69\"> </span>na <span class=\"_ _69\"> </span>poziomie <span class=\"_ _69\"> </span>Grupy <span class=\"_ _69\"> </span>Kapita\u0142owej <span class=\"_ _69\"> </span>s\u0105 <span class=\"_ _69\"> </span>osi\u0105gane <span class=\"_ _69\"> </span>w <span class=\"_ _69\"> </span>wyniku <span class=\"_ _69\"> </span>ich <span class=\"_ _69\"> </span>realizacji w poszczeg\u00f3lnych <span class=\"_ _57\"> </span>sp\u00f3\u0142kach <span class=\"_ _57\"> </span>wydobywczych <span class=\"_ _57\"> </span>Grupy, <span class=\"_ _57\"> </span>przy <span class=\"_ _57\"> </span>koordynacji <span class=\"_ _57\"> </span>tych <span class=\"_ _59\"> </span>dzia\u0142a\u0144 <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>poziomu <span class=\"_ _57\"> </span>Jednostki <span class=\"_ _57\"> </span>Dominuj\u0105cej,<span class=\"_ _3\"></span> w kt\u00f3rej  scentralizowane  zosta\u0142y  kluczowe <span class=\"_ _57\"> </span>zadania  zwi\u0105zane  z  proce<span class=\"_ _2\"></span>sem  zarz\u0105dzania  ryzykiem  rynkowym  w Grupie (m.in. koordynacja <span class=\"_ _55\"> </span>identyfikacji<span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>\u017ar\u00f3de\u0142 <span class=\"_ _5e\"> </span>ekspozycji <span class=\"_ _55\"> </span>na <span class=\"_ _5e\"> </span>ryzyko <span class=\"_ _55\"> </span>rynkowe, <span class=\"_ _55\"> </span>proponowanie <span class=\"_ _55\"> </span>strategii <span class=\"_ _5e\"> </span>zabezpieczaj\u0105c<span class=\"_ _3\"></span>ych, kontaktowanie  si\u0119  z  instytucjami  finansowymi  w  celu  zawierania,<span class=\"_ _3\"></span>  po<span class=\"_ _2\"></span>twierdzania  i rozliczan<span class=\"_ _3\"></span>ia  transakcji  pochodnych, kalkulowanie wyceny d<span class=\"_ _3\"></span>o warto\u015bci godziw<span class=\"_ _3\"></span>ej). G\u0142\u00f3wn\u0105 <span class=\"_ _53\"></span>technik\u0105 <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _2\"></span>ryzykiem <span class=\"_ _53\"></span>rynkowym <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>Je<span class=\"_ _2\"></span>dnostce <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>strategie <span class=\"_ _53\"></span>zabezpieczaj\u0105ce <span class=\"_ _2\"></span>wykorzystuj\u0105ce instrumenty <span class=\"_ _57\"> </span>pochodne. <span class=\"_ _59\"> </span>St<span class=\"_ _3\"></span>osuje <span class=\"_ _57\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>ak\u017ce <span class=\"_ _57\"> </span>hedging <span class=\"_ _59\"> </span>natura<span class=\"_ _3\"></span>lny. <span class=\"_ _59\"> </span>Niekt<span class=\"_ _3\"></span>\u00f3re <span class=\"_ _59\"> </span>krajowe <span class=\"_ _57\"> </span>sp\u00f3\u0142ki <span class=\"_ _59\"> </span>Grupy<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>r\u00f3wnie\u017c <span class=\"_ _57\"> </span>wykorzystuj\u0105 instrumenty <span class=\"_ _2\"></span>pochodne <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>swojej <span class=\"_ _2\"></span>dzia\u0142alno\u015bci, <span class=\"_ _53\"></span>jednak\u017ce <span class=\"_ _2\"></span>jedynie <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>stosuje <span class=\"_ _53\"></span>transakcje <span class=\"_ _2\"></span>zabezpieczaj\u0105c<span class=\"_ _3\"></span>e w rozumieniu rachunk<span class=\"_ _3\"></span>owo\u015bci zabezpie<span class=\"_ _3\"></span>cze\u0144.  Bior\u0105c <span class=\"_ _2\"></span>pod <span class=\"_ _53\"></span>uwag\u0119 <span class=\"_ _2\"></span>potencjaln\u0105 <span class=\"_ _2\"></span>skal\u0119 <span class=\"_ _2\"></span>wp\u0142<span class=\"_ _2\"></span>ywu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>niki <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>Kapita\u0142owej, <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>zynniki <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>rynkowego <span class=\"_ _2\"></span>zos<span class=\"_ _2\"></span>ta\u0142y <span class=\"_ _2\"></span>podzielone na grupy Grupa <span class=\"_ _a3\"> </span>Ryzyko ry<span class=\"_ _3\"></span>nkowe <span class=\"_ _6a\"> </span>Po<span class=\"_ _2\"></span>dej\u015bcie do z<span class=\"_ _3\"></span>arz\u0105dzania ryzyki<span class=\"_ _3\"></span>em Nota 7.2 Grupa I \u2013 o najwi\u0119kszy<span class=\"_ _3\"></span>m udziale w ca\u0142k<span class=\"_ _3\"></span>owitej ekspozycji G<span class=\"_ _3\"></span>rupy na ryzyko rynk<span class=\"_ _3\"></span>owe Cena mied<span class=\"_ _3\"></span>zi W <span class=\"_ _1\"> </span>odniesie<span class=\"_ _3\"></span>niu <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>tej <span class=\"_ _0\"></span>grupy <span class=\"_ _1\"> </span>stosuje<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>podej\u015bcie <span class=\"_ _0\"> </span>strategiczne <span class=\"_ _0\"></span>polegaj\u0105ce<span class=\"_ _3\"></span> na systemat<span class=\"_ _3\"></span>ycznym <span class=\"_ _69\"> </span>budowaniu <span class=\"_ _69\"> </span>pozycji <span class=\"_ _69\"> </span>zabezpiec<span class=\"_ _3\"></span>zaj\u0105cej, <span class=\"_ _69\"> </span>obejmuj\u0105cej<span class=\"_ _3\"></span> produkcj\u0119 <span class=\"_ _5d\"> </span>oraz <span class=\"_ _69\"> </span>p<span class=\"_ _2\"></span>rzycho<span class=\"_ _3\"></span>dy <span class=\"_ _5d\"> </span>ze <span class=\"_ _5d\"> </span>sprzeda\u017cy <span class=\"_ _5d\"> </span>na <span class=\"_ _5d\"> </span>kolejne <span class=\"_ _5d\"> </span>ok<span class=\"_ _3\"></span>resy, <span class=\"_ _5d\"> </span>przy uwzgl\u0119dnie<span class=\"_ _3\"></span>niu <span class=\"_ _1\"> </span>cy<span class=\"_ _2\"></span>kliczno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _74\"> </span>poszczeg\u00f3l<span class=\"_ _3\"></span>nych <span class=\"_ _74\"> </span>rynk\u00f3w <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>d\u0142u\u017cszym <span class=\"_ _1\"> </span>terminie.<span class=\"_ _3\"></span> Pozycja <span class=\"_ _35\"> </span>zabezpiec<span class=\"_ _3\"></span>zaj\u0105ca <span class=\"_ _35\"> </span>mo\u017ce <span class=\"_ _35\"> </span>by\u0107 <span class=\"_ _35\"> </span>restruktu<span class=\"_ _3\"></span>ryzowana <span class=\"_ _35\"> </span>przed<span class=\"_ _3\"></span> jej wyga\u015bni\u0119cie<span class=\"_ _3\"></span>m. Nota 7.2 <span class=\"_ _12f\"> </span>Cena srebra<span class=\"_ _3\"></span> Nota 7.2 <span class=\"_ _12f\"> </span>Kurs USD/PL<span class=\"_ _3\"></span>N Nota 7.2 Grupa II \u2013 p<span class=\"_ _3\"></span>ozosta\u0142a ekspozycja <span class=\"_ _3\"></span>na ryzyko rynk<span class=\"_ _3\"></span>owe Ceny pozost<span class=\"_ _3\"></span>a\u0142ych metali i towar<span class=\"_ _3\"></span>\u00f3w Ta <span class=\"_ _0\"></span>grupa <span class=\"_ _53\"></span>to <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"></span>mniej <span class=\"_ _53\"></span>kluczowe <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>punktu <span class=\"_ _0\"></span>widzenia <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>K<span class=\"_ _2\"></span>apita\u0142<span class=\"_ _3\"></span>owej, cho\u0107 <span class=\"_ _2\"></span>czasem <span class=\"_ _53\"></span>istotne z<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>punktu <span class=\"_ _2\"></span>widzenia <span class=\"_ _2\"></span>poszczeg\u00f3lnych <span class=\"_ _2\"></span>jednostek, dlatego zarz\u0105dzana <span class=\"_ _5f\"> </span>jest <span class=\"_ _6b\"> </span>w spos\u00f3b <span class=\"_ _6b\"> </span>taktyczny, <span class=\"_ _6b\"> </span>nie <span class=\"_ _6b\"> </span>maj\u0105cy <span class=\"_ _6b\"> </span>chara<span class=\"_ _3\"></span>kteru systematycz<span class=\"_ _3\"></span>nego, <span class=\"_ _5d\"> </span>cz\u0119sto <span class=\"_ _64\"> </span>wyk<span class=\"_ _3\"></span>orzystuj\u0105c <span class=\"_ _5d\"> </span>ponadprzeci\u0119t<span class=\"_ _3\"></span>nie <span class=\"_ _5d\"> </span>sprzyjaj\u0105ce warunki rynk<span class=\"_ _3\"></span>owe. Nota 7.2 Pozosta\u0142e ku<span class=\"_ _3\"></span>rsy walutowe<span class=\"_ _3\"></span> Nota 7.2 <span class=\"_ _12f\"> </span>Stopy proce<span class=\"_ _3\"></span>ntowe W zarz\u0105dz<span class=\"_ _3\"></span>aniu ryzykiem rynkowym stosu<span class=\"_ _3\"></span>je si\u0119 odr\u0119bne podej\u015b<span class=\"_ _3\"></span>cia dla poszcze<span class=\"_ _3\"></span>g\u00f3lnych, zidentyfik<span class=\"_ _3\"></span>owanych grup ekspozy<span class=\"_ _3\"></span>cji.  Przy wybo<span class=\"_ _2\"></span>rze <span class=\"_ _2\"></span>wdra\u017canych strategii <span class=\"_ _2\"></span>zabezpieczaj\u0105cych <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>restruk<span class=\"_ _3\"></span>turyzacji <span class=\"_ _2\"></span>pozycji <span class=\"_ _2\"></span>zabezpieczaj\u0105ce<span class=\"_ _3\"></span>j <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca uwzgl\u0119dnia <span class=\"_ _53\"></span>nast\u0119puj\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>czynniki: <span class=\"_ _53\"></span>aktualne <span class=\"_ _53\"></span>i prognoz<span class=\"_ _3\"></span>owane <span class=\"_ _53\"></span>warunki <span class=\"_ _53\"></span>rynkowe, <span class=\"_ _53\"></span>sytuacj\u0119 <span class=\"_ _53\"></span>wewn\u0119trz<span class=\"_ _3\"></span>n\u0105 <span class=\"_ _53\"></span>Jednostki, <span class=\"_ _53\"></span>efektywny<span class=\"_ _3\"></span> poziom i koszt zabezpi<span class=\"_ _3\"></span>eczenia oraz<span class=\"_ _3\"></span> wp\u0142yw podatku od niek<span class=\"_ _3\"></span>t\u00f3rych kopalin. Jednostka  Dominuj\u0105ca  stosuje  zintegrowan<span class=\"_ _3\"></span>e  podej\u015bcie  do  zarz\u0105dzania  ryzykiem  rynkowym,  na  kt\u00f3re  jest  nara\u017cona. Oznacza  to podej\u015bcie  ca\u0142o\u015bciow<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>do  ryzyka  rynkowego,  a  nie  do <span class=\"_ _57\"> </span>jego  poszczeg\u00f3lnych  element<span class=\"_ _3\"></span>\u00f3w  osobno. <span class=\"_ _57\"> </span>Przyk\u0142a<span class=\"_ _3\"></span>d stanowi\u0105 <span class=\"_ _2\"></span>transakcje <span class=\"_ _53\"></span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105ce <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _2\"></span>walutowym, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>\u015bci\u015ble <span class=\"_ _53\"></span>zwi\u0105zane <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>kontraktam<span class=\"_ _3\"></span>i <span class=\"_ _53\"></span>zawieranymi <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku metali. <span class=\"_ _0\"> </span>Zabezpieczanie <span class=\"_ _0\"></span>cen <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _0\"></span>metali <span class=\"_ _0\"></span>determinuje <span class=\"_ _0\"></span>prawdopodobie\u0144stwo <span class=\"_ _0\"></span>uzyskania <span class=\"_ _0\"></span>okre\u015blonych <span class=\"_ _0\"> </span>przychod\u00f3w <span class=\"_ _0\"> </span>ze sprzeda\u017cy w USD,<span class=\"_ _3\"></span> kt\u00f3re to stanowi\u0105 pozycj<span class=\"_ _3\"></span>\u0119 zabezpieczan\u0105 dla <span class=\"_ _3\"></span>strategii na rynku <span class=\"_ _3\"></span>walutowym.  Stosowane <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _5a\"> </span>tylko <span class=\"_ _54\"> </span>te <span class=\"_ _5a\"> </span>instrumenty <span class=\"_ _54\"> </span>pochodn<span class=\"_ _3\"></span>e, <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>J<span class=\"_ _3\"></span>ednostka <span class=\"_ _5a\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>stanie <span class=\"_ _54\"> </span>wyceni\u0107 <span class=\"_ _5a\"> </span>wewn\u0119trznie<span class=\"_ _3\"></span> z zastosowaniem <span class=\"_ _53\"></span>standardow<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>modeli <span class=\"_ _53\"></span>wyceny <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>danego <span class=\"_ _53\"></span>instrumentu, <span class=\"_ _53\"></span>jak <span class=\"_ _53\"></span>r\u00f3wnie\u017c <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _53\"></span>zby\u0107 <span class=\"_ _53\"></span>je <span class=\"_ _0\"></span>bez <span class=\"_ _53\"></span>znacznej <span class=\"_ _53\"></span>utraty<span class=\"_ _3\"></span> warto\u015bci <span class=\"_ _54\"> </span>u <span class=\"_ _54\"> </span>kontrahenta <span class=\"_ _54\"> </span>inn<span class=\"_ _3\"></span>ego <span class=\"_ _54\"> </span>ni\u017c <span class=\"_ _54\"> </span>ten, <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>kt\u00f3rym <span class=\"_ _54\"> </span>pierwotnie <span class=\"_ _5a\"> </span>zawar\u0142a <span class=\"_ _54\"> </span>transakcj\u0119. <span class=\"_ _54\"> </span>Do <span class=\"_ _54\"> </span>wyceny <span class=\"_ _54\"> </span>rynkow<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>danych instrument\u00f3w <span class=\"_ _53\"></span>Jednostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>wykorzystuje <span class=\"_ _0\"></span>informacje <span class=\"_ _53\"></span>uzyskane <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>wiod\u0105cych <span class=\"_ _53\"></span>serwis\u00f3w <span class=\"_ _0\"></span>informac<span class=\"_ _3\"></span>yjnych, <span class=\"_ _53\"></span>bank\u00f3w oraz firm brokerski<span class=\"_ _3\"></span>ch.  Polityka <span class=\"_ _54\"> </span>Zarz\u0105dzania <span class=\"_ _54\"> </span>Ryzykiem <span class=\"_ _54\"> </span>Rynkowym <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>Grupie <span class=\"_ _54\"> </span>Kapita\u0142owej <span class=\"_ _54\"> </span>dopuszcz<span class=\"_ _3\"></span>a <span class=\"_ _54\"> </span>stosowanie <span class=\"_ _54\"> </span>nast\u0119puj\u0105cych <span class=\"_ _54\"> </span>rodzaj\u00f3w instrument\u00f3w: \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty swap,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty forward,<span class=\"_ _3\"></span> futures, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty opcyjne,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">struktury z\u0142o\u017cone z w<span class=\"_ _3\"></span>y\u017cej wymienionych instrum<span class=\"_ _3\"></span>ent\u00f3w. </span></span>Wykorzystywane  instrum<span class=\"_ _3\"></span>enty  mog\u0105  mie\u0107  zatem  zar\u00f3wno  charakter  standaryzowany  (instrum<span class=\"_ _3\"></span>enty  b\u0119d\u0105ce  w obrocie gie\u0142dowym), j<span class=\"_ _2\"></span>ak r\u00f3wnie\u017c <span class=\"_ _2\"></span>charakter niestandaryzowany (instrumenty <span class=\"_ _2\"></span>b\u0119d\u0105ce w <span class=\"_ _2\"></span>obrocie <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rynku pozagie\u0142dowym <span class=\"_ _2\"></span>tzw. <span class=\"ff3\">ov<span class=\"_ _2\"></span>er </span>the  counter<span class=\"ff2\">). <span class=\"_ _57\"> </span>Stosow<span class=\"_ _3\"></span>ane  s\u0105 <span class=\"_ _57\"> </span>przede  wszystkim  instrument<span class=\"_ _3\"></span>y <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105ce  przep\u0142ywy  pieni\u0119\u017cne  spe\u0142niaj\u0105ce  wymogi </span>skuteczno\u015bci  w <span class=\"_ _57\"> </span>rozumieniu <span class=\"_ _57\"> </span>rac<span class=\"_ _3\"></span>hunkowo\u015bci <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>e\u0144. <span class=\"_ _57\"> </span>Skuteczno\u015b\u0107  zabezpieczaj\u0105cych  instrument\u00f3w <span class=\"_ _57\"> </span>finansowy<span class=\"_ _3\"></span>ch stosowanych <span class=\"_ _0\"> </span>przez <span class=\"_ _1\"> </span>Jednostk\u0119 <span class=\"_ _0\"></span>Dominuj\u0105c\u0105 <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>okresie <span class=\"_ _0\"> </span>sprawozdawczym <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>bie\u017c\u0105co <span class=\"_ _0\"> </span>mo<span class=\"_ _2\"></span>nito<span class=\"_ _3\"></span>rowana <span class=\"_ _1\"> </span>i podlega <span class=\"_ _0\"></span>ci\u0105g\u0142ej ocenie (szczeg\u00f3\u0142y w N<span class=\"_ _3\"></span>ocie 7.2 Pochodne in<span class=\"_ _3\"></span>strumenty finansow<span class=\"_ _3\"></span>e - zasady rachu<span class=\"_ _3\"></span>nkowo\u015bci). Powi\u0105zanie <span class=\"_ _0\"></span>ekonomiczn<span class=\"_ _3\"></span>e <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>mi\u0119<span class=\"_ _3\"></span>dzy <span class=\"_ _0\"></span>instrumentem <span class=\"_ _0\"></span>zabezpieczaj\u0105cym <span class=\"_ _53\"></span>a <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zycj\u0105 <span class=\"_ _0\"></span>zabezpieczan\u0105 <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"></span>oparte <span class=\"_ _0\"></span>o <span class=\"_ _0\"> </span>wra\u017cliwo\u015b\u0107 warto\u015bci <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zycji <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>te <span class=\"_ _1\"> </span>same <span class=\"_ _1\"> </span>czynniki <span class=\"_ _0\"></span>rynkowe <span class=\"_ _1\"> </span>(ceny <span class=\"_ _0\"> </span>metali, <span class=\"_ _1\"> </span>kursy <span class=\"_ _1\"> </span>walutowe <span class=\"_ _0\"> </span>lub <span class=\"_ _1\"> </span>stopy <span class=\"_ _1\"> </span>procentowe) <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>dopasowanie<span class=\"_ _3\"></span> odpowiednich <span class=\"_ _53\"></span>parametr\u00f3w <span class=\"_ _0\"></span>krytycznych <span class=\"_ _53\"></span>instrumentu <span class=\"_ _53\"></span>zabezpieczaj\u0105cego <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>zycji <span class=\"_ _53\"></span>zabezpieczanej <span class=\"_ _53\"></span>(wolumen/nomina\u0142, termin realizacji). <span class=\"_ _3\"></span> Wska\u017anik <span class=\"_ _54\"> </span>zabezpiecz<span class=\"_ _3\"></span>enia <span class=\"_ _54\"> </span>ustanowionego <span class=\"_ _54\"> </span>powi\u0105zania <span class=\"_ _5a\"> </span>zabezpieczaj\u0105cego <span class=\"_ _54\"> </span>ustalony <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>wysoko\u015bci <span class=\"_ _5a\"> </span>zapewniaj\u0105cej efektywno\u015b\u0107 <span class=\"_ _69\"> </span>powi\u0105zania <span class=\"_ _69\"> </span>oraz <span class=\"_ _5d\"> </span>jest <span class=\"_ _69\"> </span>sp\u00f3jny <span class=\"_ _69\"> </span>z <span class=\"_ _5d\"> </span>rzeczywistym<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>wolumen<span class=\"_ _3\"></span>em <span class=\"_ _5d\"> </span>zabezpi<span class=\"_ _3\"></span>eczanej <span class=\"_ _69\"> </span>pozycji <span class=\"_ _5d\"> </span>i <span class=\"_ _69\"> </span>instrumentu zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go. \u0179r\u00f3d\u0142a <span class=\"_ _2\"></span>potencjalnej niee<span class=\"_ _3\"></span>fektywno\u015bci powi\u0105zania wynikaj\u0105 z niedopasowaniu p<span class=\"_ _3\"></span>arametr\u00f3w instrumentu zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>pozycji <span class=\"_ _1\"> </span>zabezpieczanej <span class=\"_ _1\"> </span>(np. <span class=\"_ _74\"> </span>nomina\u0142, <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ermin, <span class=\"_ _1\"> </span>instrument <span class=\"_ _1\"> </span>bazowy, <span class=\"_ _1\"> </span>wp\u0142<span class=\"_ _2\"></span>yw <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>kredytowego). Przy <span class=\"_ _54\"> </span>strukturyzacji <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>zabezpieczaj\u0105cej <span class=\"_ _54\"> </span>Jednostka <span class=\"_ _54\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>d\u0105\u017cy <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>maksymalnego <span class=\"_ _54\"> </span>dopasowania <span class=\"_ _54\"> </span>tych parametr\u00f3w, aby zminim<span class=\"_ _3\"></span>alizowa\u0107 \u017a<span class=\"_ _3\"></span>r\u00f3d\u0142a nieefektywno\u015bci.<span class=\"_ _3\"></span> Jednostka Dominuj\u0105<span class=\"_ _3\"></span>ca kwantyfikuje wielk<span class=\"_ _3\"></span>o\u015b\u0107 ryzyka rynkoweg<span class=\"_ _3\"></span>o, na jakie jest nara\u017cona i stara<span class=\"_ _3\"></span> si\u0119 wyrazi\u0107 je sp\u00f3jn\u0105<span class=\"_ _3\"></span> i \u0142\u0105czn\u0105 miar\u0105.  Sporz\u0105dzane  symulacje  (m.in.  analizy  scenariusz<span class=\"_ _3\"></span>owe,  analizy  stress-testingu  i backtesti<span class=\"_ _3\"></span>ngu)  oraz  kalkulowane miary <span class=\"_ _74\"> </span>ryzyka  stanowi\u0105 <span class=\"_ _74\"> </span>wsparcie <span class=\"_ _74\"> </span>w  procesie <span class=\"_ _74\"> </span>zarz\u0105dzania <span class=\"_ _74\"> </span>ryzykiem  rynk<span class=\"_ _3\"></span>owym  w <span class=\"_ _74\"> </span>Grupie  Kap<span class=\"_ _3\"></span>ita\u0142owej. <span class=\"_ _74\"> </span>Wykorzystywane miary <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>parte <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>g\u0142\u00f3wnie <span class=\"_ _0\"></span>na modelowaniu <span class=\"_ _0\"></span>matematyczno-stat<span class=\"_ _3\"></span>ystycznym <span class=\"_ _0\"></span>bazuj\u0105cym <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>historycznych <span class=\"_ _0\"></span>i bie\u017c\u0105cych danych rynkowych d<span class=\"_ _3\"></span>otycz\u0105cych cz<span class=\"_ _3\"></span>ynnik\u00f3w ryzyka oraz u<span class=\"_ _3\"></span>wzgl\u0119dniaj\u0105 ak<span class=\"_ _3\"></span>tualn\u0105 ekspozycj\u0119 na ryz<span class=\"_ _3\"></span>yko rynkowe.  Jedn\u0105  z <span class=\"_ _74\"> </span>miar <span class=\"_ _58\"> </span>ryzyka <span class=\"_ _74\"> </span>wyko<span class=\"_ _2\"></span>rzystywan<span class=\"_ _3\"></span>ych  jako <span class=\"_ _74\"> </span>narz\u0119dzie  pom<span class=\"_ _3\"></span>ocnicze  w <span class=\"_ _74\"> </span>podejmowaniu  de<span class=\"_ _3\"></span>cyzji <span class=\"_ _74\"> </span>w  procesie  za<span class=\"_ _3\"></span>rz\u0105dzania ryzykiem <span class=\"_ _2\"></span>rynkowym <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>Jednostce<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>miara <span class=\"_ _2\"></span>EaR <span class=\"_ _2\"></span>-<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Earnings <span class=\"_ _53\"></span>at <span class=\"_ _2\"></span>Risk <span class=\"_ _53\"></span>(zysk <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>nara\u017cony <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ryzyko). <span class=\"_ _2\"></span>Miara <span class=\"_ _2\"></span>ta dla <span class=\"_ _1\"> </span>zadanego <span class=\"_ _1\"> </span>prawdopodobie\u0144stwa <span class=\"_ _0\"> </span>wskazuje <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span>ln\u0105 <span class=\"_ _1\"> </span>progow\u0105 <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>zysku <span class=\"_ _1\"> </span>netto <span class=\"_ _1\"> </span>(np. <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>95% <span class=\"_ _1\"> </span>prawdopodobie\u0144stwem zysk <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>w danym <span class=\"_ _53\"></span>roku <span class=\"_ _0\"></span>nie <span class=\"_ _53\"></span>b\u0119dzie <span class=\"_ _0\"></span>ni\u017cszy <span class=\"_ _0\"></span>ni\u017c\u2026). <span class=\"_ _53\"></span>Metodologia <span class=\"_ _0\"></span>EaR <span class=\"_ _53\"></span>umo\u017cliwia <span class=\"_ _0\"></span>kalkulacj\u0119 <span class=\"_ _0\"></span>zysku <span class=\"_ _53\"></span>netto <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>uwzgl\u0119dni<span class=\"_ _3\"></span>eniem wp\u0142ywu <span class=\"_ _74\"> </span>zmian  r<span class=\"_ _3\"></span>ynkowych <span class=\"_ _74\"> </span>cen  miedzi, <span class=\"_ _1\"> </span>srebra  oraz<span class=\"_ _3\"></span>  k<span class=\"_ _3\"></span>ursu <span class=\"_ _74\"> </span>waluto<span class=\"_ _2\"></span>wego <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>ko<span class=\"_ _2\"></span>ntek\u015bcie <span class=\"_ _74\"> </span>plan\u00f3w <span class=\"_ _74\"> </span>bud\u017cetowych. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>G<span class=\"_ _2\"></span>rupy KGHM INTERNATIO<span class=\"_ _3\"></span>NAL LTD. oraz <span class=\"_ _3\"></span>JV Sierra Gorda S.C.M. ka<span class=\"_ _3\"></span>lkulowana jest miara EB<span class=\"_ _3\"></span>ITDA-at-Risk. W zwi\u0105zku z ryzykiem o<span class=\"_ _2\"></span>graniczenia produkcji (na przyk\u0142ad spowodowanym dzia\u0142aniem \u201esi\u0142y wy\u017cszej\u201d) lub niezrealizowania<span class=\"_ _3\"></span> zak\u0142adanej  wielko\u015bci  przychod\u00f3<span class=\"_ _3\"></span>w  walutowych,  jak  i  zakupami  metali  zawartych  we wsadach  obcych,  ustalono  limity<span class=\"_ _3\"></span> zaanga\u017cowania w <span class=\"_ _3\"></span>instrumenty pochodn<span class=\"_ _3\"></span>e. Dla Jednostki Domin<span class=\"_ _3\"></span>uj\u0105cej limity na r<span class=\"_ _3\"></span>ynku metali i walutowym z<span class=\"_ _3\"></span>osta\u0142y ustalone:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">w <span class=\"_ _59\"> </span>wysoko\u015bci <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>85% <span class=\"_ _59\"> </span>wielko\u015bci <span class=\"_ _59\"> </span>planowanych <span class=\"_ _59\"> </span>miesi\u0119cznych <span class=\"_ _59\"> </span>wolum<span class=\"_ _3\"></span>en\u00f3w <span class=\"_ _59\"> </span>sprzeda\u017cy <span class=\"_ _59\"> </span>miedzi, <span class=\"_ _59\"> </span>srebra <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>z\u0142ota </span></span>z wsad\u00f3w <span class=\"_ _5a\"> </span>w\u0142asnych. <span class=\"_ _5a\"> </span>Przy <span class=\"_ _5a\"> </span>cz<span class=\"_ _3\"></span>ym <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>przypadku <span class=\"_ _5a\"> </span>miedzi <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>srebra <span class=\"_ _59\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>50% <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>odniesieniu <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>instrument\u00f3w stanowi\u0105cych <span class=\"_ _53\"></span>obowi\u0105zki <span class=\"_ _0\"></span>Jednost<span class=\"_ _3\"></span>ki <span class=\"_ _0\"></span>Dominuj\u0105c<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>(finansuj\u0105ce <span class=\"_ _53\"></span>strategie <span class=\"_ _0\"></span>zab<span class=\"_ _3\"></span>ezpieczaj\u0105ce) <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>85% <span class=\"_ _53\"></span>w odniesieniu do instrument\u00f3w s<span class=\"_ _3\"></span>tanowi\u0105cych prawa<span class=\"_ _3\"></span> Jednostki Dominuj\u0105cej<span class=\"_ _3\"></span>. \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">w <span class=\"_ _74\"> </span>wyso<span class=\"_ _2\"></span>ko\u015bci <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>  85<span class=\"_ _3\"></span>%  wielko\u015bci<span class=\"_ _3\"></span>  planowanych <span class=\"_ _74\"> </span>miesi\u0119cznych  pr<span class=\"_ _3\"></span>zychod\u00f3w  ze <span class=\"_ _74\"> </span>sprzeda\u017cy  produk<span class=\"_ _3\"></span>t\u00f3w  z <span class=\"_ _74\"> </span>wsad\u00f3w </span></span>w\u0142asnych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>USD <span class=\"_ _74\"> </span>lub <span class=\"_ _1\"> </span>wielko\u015bci <span class=\"_ _1\"> </span>zakontraktowanych <span class=\"_ _1\"> </span>miesi\u0119cznych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>walutowych <span class=\"_ _1\"> </span>netto <span class=\"_ _1\"> </span>w przypadku<span class=\"_ _3\"></span> innych <span class=\"_ _74\"> </span>walut. <span class=\"_ _58\"> </span>Dla <span class=\"_ _74\"> </span>cel\u00f3w  oblicza<span class=\"_ _3\"></span>nia <span class=\"_ _74\"> </span>limitu  wydatki <span class=\"_ _1\"> </span>z  tytu\u0142u <span class=\"_ _1\"> </span>obs\u0142ugi  z<span class=\"_ _3\"></span>ad\u0142u\u017cenia <span class=\"_ _74\"> </span>w  USD <span class=\"_ _74\"> </span>pomniejszaj\u0105 <span class=\"_ _1\"> </span>nomina\u0142 ekspozycji do zabezpi<span class=\"_ _3\"></span>eczenia. Odno\u015bnie <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>st\u00f3p <span class=\"_ _2\"></span>procentowych <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>ustali\u0142a <span class=\"_ _2\"></span>limit <span class=\"_ _53\"></span>zaanga\u017c<span class=\"_ _3\"></span>owania <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>instrumenty <span class=\"_ _53\"></span>pochodn<span class=\"_ _3\"></span>e do 100% warto\u015bci <span class=\"_ _3\"></span>nominalnej zad\u0142u\u017cenia <span class=\"_ _3\"></span>w ka\u017cdym okresi<span class=\"_ _3\"></span>e odsetkowym, wynikaj\u0105<span class=\"_ _3\"></span>cego z podpisa<span class=\"_ _3\"></span>nych um\u00f3w. Dla <span class=\"_ _2\"></span>wybranych <span class=\"_ _2\"></span>sp\u00f3\u0142ek wy<span class=\"_ _2\"></span>dobywczych Grupy <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>limity <span class=\"_ _2\"></span>zaanga\u017cowania w <span class=\"_ _2\"></span>inst<span class=\"_ _2\"></span>rumenty pochodne <span class=\"_ _2\"></span>na rynku miedzi oraz <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>walutowym <span class=\"_ _53\"></span>ustalon<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>poziomach <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>Jednostce <span class=\"_ _2\"></span>Dominuj\u0105cej, <span class=\"_ _53\"></span>natomiast <span class=\"_ _2\"></span>dla transakcji <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _2\"></span>niklu, srebra i z\u0142ota limit wyn<span class=\"_ _3\"></span>osi do 60% planowany<span class=\"_ _3\"></span>ch miesi\u0119cznych w<span class=\"_ _3\"></span>olumen\u00f3w sprz<span class=\"_ _3\"></span>eda\u017cy ze wsad\u00f3w <span class=\"_ _3\"></span>w\u0142asnych.  Limity odnosz\u0105 si\u0119 za<span class=\"_ _3\"></span>r\u00f3wno do tra<span class=\"_ _3\"></span>nsakcji zabezpieczaj\u0105cych<span class=\"_ _3\"></span>, jak i do instrument\u00f3w f<span class=\"_ _3\"></span>inansuj\u0105cych tak<span class=\"_ _3\"></span>ie transakcje. Maksymalny <span class=\"_ _53\"></span>horyzont <span class=\"_ _53\"></span>czasowy, <span class=\"_ _53\"></span>w obr\u0119bie <span class=\"_ _53\"></span>kt\u00f3rego <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>Kapita\u0142owa <span class=\"_ _53\"></span>podejmuje <span class=\"_ _53\"></span>decyzje <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zakresie <span class=\"_ _0\"></span>ograniczania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>ryzyka rynkowego, je<span class=\"_ _2\"></span>st zgo<span class=\"_ _2\"></span>dny z procesem <span class=\"_ _2\"></span>planowania <span class=\"_ _2\"></span>techniczn<span class=\"_ _3\"></span>o-ekonomicznego i <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>nosi 5 lat, <span class=\"_ _2\"></span>natomiast <span class=\"_ _2\"></span>w przypadku ryzyka stopy procentowej <span class=\"_ _3\"></span>obejmuje okres d\u0142u<span class=\"_ _3\"></span>goterminowych zo<span class=\"_ _3\"></span>bowi\u0105za\u0144 finansowych Grup<span class=\"_ _3\"></span>y. Nota 7.5.1.2 Ryzy<span class=\"_ _3\"></span>ko zmian cen met<span class=\"_ _3\"></span>ali Jednostka Dominuj\u0105ca na<span class=\"_ _3\"></span>ra\u017cona jest na ryzyko zmian cen spr<span class=\"_ _3\"></span>zedawanych metali: miedzi, sr<span class=\"_ _3\"></span>ebra, z\u0142ota i o\u0142owiu. Natomiast Grupa  KGHM <span class=\"_ _57\"> </span>INTERNATIONAL  LTD. <span class=\"_ _57\"> </span>jest  nara\u017cona <span class=\"_ _57\"> </span>na  ryzyko <span class=\"_ _57\"> </span>fluktuacji  cen <span class=\"_ _57\"> </span>miedzi,  z\u0142ota, <span class=\"_ _57\"> </span>niklu,  molibdenu, <span class=\"_ _57\"> </span>platyny i palladu. W Jednostce Dominuj\u0105cej oraz Grupie KGHM INTERNAT<span class=\"_ _3\"></span>IONAL LTD. formu\u0142y ustalania cen zawarte w kontraktach fizycznej<span class=\"_ _3\"></span> sprzeda\u017cy <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>parte <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>\u0142\u00f3wnie <span class=\"_ _1\"> </span>na \u015brednich <span class=\"_ _74\"> </span>miesi\u0119cznych <span class=\"_ _1\"> </span>notowaniach <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>Londy\u0144skiej <span class=\"_ _74\"> </span>Gie\u0142dy <span class=\"_ _1\"> </span>M<span class=\"_ _2\"></span>etali <span class=\"_ _1\"> </span>w przypadku <span class=\"_ _74\"> </span>miedzi i innych <span class=\"_ _1\"> </span>metali <span class=\"_ _0\"></span>podstawowych <span class=\"_ _0\"> </span>oraz <span class=\"_ _1\"> </span>z Londy\u0144skiego <span class=\"_ _1\"> </span>Rynku <span class=\"_ _0\"></span>Kruszc\u00f3w <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>dniesieniu <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>metali <span class=\"_ _1\"> </span>szlachetnych<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>W <span class=\"_ _1\"> </span>ramach polityki <span class=\"_ _57\"> </span>handlowej, <span class=\"_ _57\"> </span>Jednostka <span class=\"_ _57\"> </span>Dominuj\u0105ca <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>KGHM <span class=\"_ _57\"> </span>INTERNATIONAL <span class=\"_ _57\"> </span>LTD. <span class=\"_ _57\"> </span>ustalaj\u0105 <span class=\"_ _57\"> </span>baz\u0119 <span class=\"_ _57\"> </span>ce<span class=\"_ _2\"></span>now\u0105 <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>kontrakt\u00f3w fizycznych jako \u015bre<span class=\"_ _3\"></span>dni\u0105 cen z odpowiedni<span class=\"_ _3\"></span>ego miesi\u0105ca w prz<span class=\"_ _3\"></span>ysz\u0142o\u015bci. Trwa\u0142e <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>bezpo\u015brednie <span class=\"_ _59\"> </span>powi\u0105z<span class=\"_ _3\"></span>anie <span class=\"_ _59\"> </span>strumienia <span class=\"_ _59\"> </span>wp\u0142yw\u00f3w <span class=\"_ _59\"> </span>ze <span class=\"_ _59\"> </span>sprz<span class=\"_ _3\"></span>eda\u017cy <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>cenami <span class=\"_ _59\"> </span>metali, <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>jednoczesnym <span class=\"_ _59\"> </span>braku analogicznej <span class=\"_ _53\"></span>relacji <span class=\"_ _2\"></span>po <span class=\"_ _53\"></span>stronie <span class=\"_ _53\"></span>wydatk\u00f3w, <span class=\"_ _53\"></span>prowadzi <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>powstania <span class=\"_ _53\"></span>ekspozycji <span class=\"_ _53\"></span>strategicznej. <span class=\"_ _2\"></span>Z <span class=\"_ _53\"></span>kolei <span class=\"_ _53\"></span>ekspozycja <span class=\"_ _2\"></span>operacyjna wynika <span class=\"_ _59\"> </span>z mo\u017cliwych <span class=\"_ _5a\"> </span>niedopaso<span class=\"_ _3\"></span>wa\u0144 <span class=\"_ _59\"> </span>warunk\u00f3w <span class=\"_ _5a\"> </span>cenowych <span class=\"_ _59\"> </span>ko<span class=\"_ _2\"></span>ntrakt\u00f3w <span class=\"_ _59\"> </span>fizycznych <span class=\"_ _59\"> </span>wzgl\u0119dem <span class=\"_ _59\"> </span>pro<span class=\"_ _2\"></span>filu <span class=\"_ _59\"> </span>funkcjonuj\u0105ceg<span class=\"_ _3\"></span>o w Grupie, w szczeg<span class=\"_ _3\"></span>\u00f3lno\u015bci w zakresi<span class=\"_ _3\"></span>e referencyjnych cen i <span class=\"_ _3\"></span>okres\u00f3w kwotowania. <span class=\"_ _3\"></span> Na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>metali <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>posiada <span class=\"_ _53\"></span>tzw. <span class=\"_ _0\"></span>pozycj\u0119 <span class=\"_ _53\"></span>d\u0142ug\u0105, <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>znaczy <span class=\"_ _53\"></span>nadwy\u017ck\u0119 <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>nad <span class=\"_ _53\"></span>zakupami. <span class=\"_ _2\"></span>Analizuj\u0105c <span class=\"_ _53\"></span>ekspo<span class=\"_ _2\"></span>zycj\u0119<span class=\"_ _3\"></span> strategiczn\u0105 <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>rynkowe, <span class=\"_ _1\"> </span>nale\u017cy <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>mniejszy\u0107 <span class=\"_ _1\"> </span>wolum<span class=\"_ _3\"></span>en <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>metali <span class=\"_ _74\"> </span>o <span class=\"_ _1\"> </span>ilo\u015b\u0107 <span class=\"_ _1\"> </span>zakupionych <span class=\"_ _1\"> </span>metali <span class=\"_ _1\"> </span>we wsadach obcych. W tabeli poni\u017cej zaprezentowano ekspozy<span class=\"_ _3\"></span>cj\u0119 strategiczn\u0105 Grupy Kapita\u0142owej na ryzyko zmian cen miedzi i srebra w <span class=\"_ _2\"></span>latach 2021-2022. od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022 od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021  <span class=\"_ _e8\"> </span><span class=\"ff1 fc2\">Netto<span class=\"_ _192\"> </span></span>Sprzeda\u017c<span class=\"_ _192\"> </span>Zakup<span class=\"_ _192\"> </span>Netto<span class=\"_ _192\"> </span>Sprzeda\u017c<span class=\"_ _192\"> </span>Zakup<span class=\"_ _192\"> </span>Mied\u017a [t] <span class=\"_ _7d\"> </span> 391 180<span class=\"_ _192\"> </span>619 944<span class=\"_ _192\"> </span>228 764 <span class=\"_ _113\"> </span>432 910<span class=\"_ _192\"> </span>628 011<span class=\"_ _192\"> </span>195 101<span class=\"_ _192\"> </span>Srebro [t] <span class=\"_ _b1\"> </span> 1 322<span class=\"_ _192\"> </span>1 347<span class=\"_ _192\"> </span>25 <span class=\"_ _130\"> </span>1 222 1 251<span class=\"_ _192\"> </span>29<span class=\"_ _192\"> </span>Nomina\u0142 strategii zabezpieczaj\u0105cych cen\u0119 miedzi rozliczonych w 2022 r. st<span class=\"_ _2\"></span>anowi\u0142 oko\u0142o 25% (w 2021 r.<span class=\"_ _2\"></span> 44%) zrealizowanej przez Jednostk\u0119 D<span class=\"_ _3\"></span>ominuj\u0105c\u0105 ca\u0142kowitej sprze<span class=\"_ _3\"></span>da\u017cy tego metalu (st<span class=\"_ _3\"></span>anowi\u0142o to oko\u0142o 42<span class=\"_ _3\"></span>% sprzeda\u017cy netto<span class=\"_ _192\"> </span>1 w 2022<span class=\"_ _3\"></span> r. i 67% w 2021 r.).  Nomina\u0142 strategii zabezpi<span class=\"_ _3\"></span>eczaj\u0105cych cen\u0119 srebra rozliczonych<span class=\"_ _3\"></span> w 2022 r. stanowi\u0142 oko\u0142o 24% zrealizowane<span class=\"_ _3\"></span>j przez Jednostk\u0119 Dominuj\u0105c\u0105 ca\u0142k<span class=\"_ _3\"></span>owitej sprzeda\u017cy tego m<span class=\"_ _3\"></span>etalu (25% w 2021 <span class=\"_ _3\"></span>r.). W  ramach <span class=\"_ _57\"> </span>realizacji  strategicznego  planu  zabezpiecze\u0144  Jednostki  Do<span class=\"_ _2\"></span>minuj\u0105cej  przed  ryzykiem  rynkowym  w <span class=\"_ _57\"> </span>2022 r. wdro\u017cono strategie za<span class=\"_ _3\"></span>bezpieczaj\u0105ce planowan<span class=\"_ _3\"></span>e przychody ze sprzeda\u017cy m<span class=\"_ _3\"></span>iedzi. Zawarto strategie opcyjne <span class=\"ff3\">m<span class=\"_ _3\"></span>ewa<span class=\"ff2\"> na okres </span></span>od <span class=\"_ _1\"> </span>stycznia <span class=\"_ _74\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>\u0142\u0105cznego <span class=\"_ _1\"> </span>tona\u017cu <span class=\"_ _74\"> </span>90 <span class=\"_ _1\"> </span>tys. <span class=\"_ _1\"> </span>ton. <span class=\"_ _74\"> </span>Ponadto <span class=\"_ _1\"> </span>zrestrukturyzowana <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _1\"> </span>pozycja zabezpieczaj\u0105c\u0105 <span class=\"_ _74\"> </span>na  rynku <span class=\"_ _74\"> </span>miedzi <span class=\"_ _74\"> </span>na  ten <span class=\"_ _74\"> </span>sam  okr<span class=\"_ _3\"></span>es  dla <span class=\"_ _74\"> </span>\u0142\u0105cznego <span class=\"_ _74\"> </span>tona\u017cu  12<span class=\"_ _3\"></span>  tys. <span class=\"_ _74\"> </span>ton,  p<span class=\"_ _3\"></span>oprzez <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>dniesieni<span class=\"_ _3\"></span>e  poziomu<span class=\"_ _3\"></span> wykonania <span class=\"_ _2\"></span>g\u00f3rnych i <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>lnych wystawionych <span class=\"_ _2\"></span>opcji <span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>struktur <span class=\"_ _2\"></span><span class=\"ff3\">mewa</span> <span class=\"_ _2\"></span>zawartych w <span class=\"_ _2\"></span>2020 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>W <span class=\"_ _53\"></span>2022 r. <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _2\"></span>Dominuj\u0105ca<span class=\"_ _3\"></span> nie wdro\u017cy\u0142a stra<span class=\"_ _3\"></span>tegii zabezpiecza<span class=\"_ _3\"></span>j\u0105cych na rynku srebra.<span class=\"_ _3\"></span> W ramach <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _53\"></span>pozycj\u0105 <span class=\"_ _53\"></span>handlow\u0105 <span class=\"_ _53\"></span>netto<span class=\"_ _192\"> </span>2 <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>zawarto <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>zw. <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>stos<span class=\"_ _3\"></span>owawcze <span class=\"_ _53\"></span>transakcje <span class=\"_ _53\"></span>pochodne <span class=\"_ _53\"></span>typu <span class=\"_ _53\"></span><span class=\"ff3\">swap</span> na rynku miedzi <span class=\"_ _3\"></span>oraz z\u0142ota z termin<span class=\"_ _3\"></span>ami zapadalno\u015bci do czerwca<span class=\"_ _3\"></span> 2023 <span class=\"_ _3\"></span>r.<span class=\"fcb\"> </span>W  ef<span class=\"_ _3\"></span>ekcie,  we<span class=\"_ _3\"></span>d\u0142ug  stan<span class=\"_ _3\"></span>u  na <span class=\"_ _74\"> </span>31  grudnia<span class=\"_ _3\"></span>  2022<span class=\"_ _3\"></span>  r. <span class=\"_ _74\"> </span>Jednostka  D<span class=\"_ _3\"></span>ominuj\u0105ca <span class=\"_ _74\"> </span>  posiada\u0142a <span class=\"_ _74\"> </span>otwarte <span class=\"_ _74\"> </span>pozycje  w <span class=\"_ _74\"> </span>instrumentach<span class=\"_ _3\"></span> pochodnych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>rynku <span class=\"_ _1\"> </span>miedzi <span class=\"_ _1\"> </span>dla 193,5 tys. <span class=\"_ _1\"> </span>ton <span class=\"_ _1\"> </span>(w <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ym: <span class=\"_ _1\"> </span>189 <span class=\"_ _1\"> </span>tys. <span class=\"_ _1\"> </span>ton <span class=\"_ _1\"> </span>wy<span class=\"_ _2\"></span>nika\u0142o <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>strategicznego <span class=\"_ _1\"> </span>zarz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _1\"> </span>ryzykie<span class=\"_ _2\"></span>m rynkowym, <span class=\"_ _2\"></span>natomiast <span class=\"_ _53\"></span>4,3 tys. ton <span class=\"_ _2\"></span>zawarte <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _53\"></span>pozycj\u0105 <span class=\"_ _53\"></span>handlow\u0105 <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span>to) <span class=\"_ _53\"></span>oraz <span class=\"_ _2\"></span>dla <span class=\"_ _53\"></span>4,2 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>uncji troja\u0144skich srebra.<span class=\"_ _3\"></span> Poni\u017csze <span class=\"_ _53\"></span>tabele <span class=\"_ _0\"></span>prezentuj\u0105 <span class=\"_ _53\"></span>skr\u00f3cone <span class=\"_ _53\"></span>zestawienie <span class=\"_ _53\"></span>otwartych <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>nsakcji <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>instrumentach <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>siadanych <span class=\"_ _53\"></span>przez Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>mie<span class=\"_ _2\"></span>dzi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>srebra <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"></span>zawartych <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>rama<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>strategiczn<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zarz\u0105dzania ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(zabezpieczony <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>prezentowanych <span class=\"_ _57\"> </span>okresach <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>roz\u0142o\u017cony <span class=\"_ _57\"> </span>r\u00f3wnomiernie <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>podziale miesi\u0119cznym).<span class=\"_ _3\"></span> 1 Sprzeda\u017c<span class=\"_ _2\"></span> miedzi pomni<span class=\"_ _2\"></span>ejszona o za<span class=\"_ _2\"></span>kupy miedzi we w<span class=\"_ _2\"></span>sadach obcych. 2 Stosowan<span class=\"_ _2\"></span>e w celu re<span class=\"_ _2\"></span>agowania na<span class=\"_ _2\"></span> zmiany ustale\u0144<span class=\"_ _2\"></span> kontraktowych klien<span class=\"_ _2\"></span>t\u00f3w, wyst\u0119puj<span class=\"_ _2\"></span>\u0105ce niestandard<span class=\"_ _2\"></span>owe warunki ce<span class=\"_ _2\"></span>nowe przy sp<span class=\"_ _2\"></span>rzeda\u017cy meta<span class=\"_ _2\"></span>li oraz zakup<span class=\"_ _2\"></span>y materia\u0142\u00f3w<span class=\"_ _2\"></span> miedziono\u015bn<span class=\"_ _2\"></span>ych.<span class=\"_ _192\"> </span>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen mied<span class=\"_ _3\"></span>zi \u2013 instrumenty p<span class=\"_ _3\"></span>ochodne otwarte na 31 grudni<span class=\"_ _3\"></span>a 2022 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"_ _192\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny miedzi<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[tony] <span class=\"_ _52\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>I p\u00f3\u0142. 2023 mewa <span class=\"_ _10b\"> </span>18 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _f7\"> </span>6 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>10 000<span class=\"_ _192\"> </span>(296)<span class=\"_ _192\"> </span>6 604<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>45 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>8 120<span class=\"_ _192\"> </span>9 120<span class=\"_ _192\"> </span>(143)<span class=\"_ _192\"> </span>7 977 II p\u00f3\u0142. 2023 mewa <span class=\"_ _10b\"> </span>18 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _f7\"> </span>6 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>10 000<span class=\"_ _192\"> </span>(296)<span class=\"_ _192\"> </span>6 604<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>45 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>8 100<span class=\"_ _192\"> </span>9 600<span class=\"_ _192\"> </span>(172)<span class=\"_ _192\"> </span>7 928<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _131\"> </span><span class=\"ff1\">189 000<span class=\"_ _192\"> </span></span></span>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen srebr<span class=\"_ _3\"></span>a \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31<span class=\"_ _3\"></span> grudnia 2022 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"ff2 fc0\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny srebra<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[mln uncj<span class=\"_ _2\"></span>i]<span class=\"ff1\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>2023<span class=\"_ _192\"> </span>mewa <span class=\"_ _f5\"> </span>4,20 16,00<span class=\"_ _192\"> </span>26,00<span class=\"_ _192\"> </span>42,00 <span class=\"_ _65\"> </span> <span class=\"_ _132\"> </span>(1,19)<span class=\"_ _192\"> </span>24,81<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _192\"> </span>4,20 Poni\u017csze <span class=\"_ _53\"></span>tabele <span class=\"_ _0\"></span>prezentuj\u0105 <span class=\"_ _53\"></span>skr\u00f3cone <span class=\"_ _53\"></span>zestawienie <span class=\"_ _53\"></span>otwartych <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>nsakcji <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>instrumentach <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>siadanych <span class=\"_ _53\"></span>przez Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>mie<span class=\"_ _2\"></span>dzi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>srebra <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"></span>zawartych <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>rama<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>strategiczn<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zarz\u0105dzania ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(zabezpieczony <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>prezentowanych <span class=\"_ _57\"> </span>okresach <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>roz\u0142o\u017cony <span class=\"_ _57\"> </span>r\u00f3wnomiernie <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>podziale miesi\u0119cznym).<span class=\"_ _3\"></span> Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen mied<span class=\"_ _3\"></span>zi \u2013 instrumenty p<span class=\"_ _3\"></span>ochodne otwarte na 31 grudni<span class=\"_ _3\"></span>a 2021 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"_ _192\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny miedzi<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[tony] <span class=\"_ _f7\"> </span>[USD<span class=\"_ _2\"></span>/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>I p\u00f3\u0142.<span class=\"ff1 fc2\"> </span>mewa <span class=\"_ _110\"> </span>30 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>4 600<span class=\"_ _192\"> </span>6 300<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>(160)<span class=\"_ _192\"> </span>6 140<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>24 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>10 5<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>II p\u00f3\u0142. mewa <span class=\"_ _110\"> </span>30 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>4 600<span class=\"_ _192\"> </span>6 300<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>(160)<span class=\"_ _192\"> </span>6 140<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>24 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>15 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>10 5<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>SUMA 2022<span class=\"_ _192\"> </span>144 000<span class=\"_ _192\"> </span>I p\u00f3\u0142. mewa <span class=\"_ _10d\"> </span>24 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>II p\u00f3\u0142. mewa <span class=\"_ _10d\"> </span>24 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _10d\"> </span><span class=\"ff1\">99 000<span class=\"_ _192\"> </span></span></span>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen srebr<span class=\"_ _3\"></span>a \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31<span class=\"_ _3\"></span> grudnia 2021 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"ff2 fc0\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny srebra<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[mln uncj<span class=\"_ _2\"></span>i]<span class=\"ff1\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>2022 mewa <span class=\"_ _134\"> </span>3,60 16,00<span class=\"_ _192\"> </span>26,00<span class=\"_ _192\"> </span>42,00<span class=\"_ _192\"> </span>(0,88)<span class=\"_ _192\"> </span>25,12<span class=\"_ _192\"> </span>korytarz <span class=\"_ _134\"> </span>6,60 -<span class=\"_ _192\"> </span>26,36<span class=\"_ _192\"> </span>55,00*<span class=\"_ _192\"> </span>(1,96)<span class=\"_ _192\"> </span>24,40<span class=\"_ _192\"> </span>SUMA 2022<span class=\"_ _192\"> </span>10,20 2023 mewa <span class=\"_ _134\"> </span>4,20 16,00<span class=\"_ _192\"> </span>26,00<span class=\"_ _192\"> </span>42,00 <span class=\"_ _65\"> </span> <span class=\"_ _76\"> </span>(1,19)<span class=\"_ _192\"> </span>24,81<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _192\"> </span>4,20 * W ramach restru<span class=\"_ _2\"></span>kturyzacji p<span class=\"_ _2\"></span>odnies<span class=\"_ _2\"></span>iony zosta\u0142<span class=\"_ _2\"></span> poziom wykonan<span class=\"_ _2\"></span>ia sprzedan<span class=\"_ _2\"></span>ych opcji kupn<span class=\"_ _2\"></span>a z 42 i 43 USD/uncj\u0119<span class=\"_ _2\"></span> do 55 USD/uncj\u0119<span class=\"_ _2\"></span>. W <span class=\"_ _74\"> </span>2022 <span class=\"_ _1\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>2021 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>KGH<span class=\"_ _2\"></span>M <span class=\"_ _74\"> </span>INTERNATIONAL <span class=\"_ _74\"> </span>LTD. <span class=\"_ _74\"> </span>ani <span class=\"_ _74\"> </span>\u017cadna <span class=\"_ _1\"> </span>ze  sp\u00f3\u0142ek <span class=\"_ _1\"> </span>wydobywczych <span class=\"_ _74\"> </span>nie <span class=\"_ _1\"> </span>wdro<span class=\"_ _2\"></span>\u017cy\u0142y <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ransakcji<span class=\"_ _3\"></span> terminowych na <span class=\"_ _3\"></span>rynku metali. Na dzie\u0144 <span class=\"_ _57\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _57\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>ryzyko <span class=\"_ _57\"> </span>zmian <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>metali <span class=\"_ _57\"> </span>dotyczy\u0142o <span class=\"_ _57\"> </span>tak\u017ce <span class=\"_ _57\"> </span>instrument\u00f3w <span class=\"_ _57\"> </span>poch<span class=\"_ _3\"></span>odnych <span class=\"_ _57\"> </span>wbudowanych w kontraktach z<span class=\"_ _3\"></span>akupu wsad\u00f3w obcych, <span class=\"_ _3\"></span>zawartych przez J<span class=\"_ _3\"></span>ednostk\u0119 Dominuj\u0105c\u0105.<span class=\"_ _3\"></span> Analiza wra\u017cli<span class=\"_ _3\"></span>wo\u015bci Grupy Kap<span class=\"_ _3\"></span>ita\u0142owej na ryzy<span class=\"_ _3\"></span>ko zmian cen miedzi,<span class=\"_ _3\"></span> srebra i z\u0142ot<span class=\"_ _3\"></span>a w latach 20<span class=\"_ _3\"></span>21-2022 Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansow<span class=\"_ _2\"></span>e na dzie\u0144 31.12.202<span class=\"_ _2\"></span>2 Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2022Zmiana ceny MIEDZI <span class=\"_ _2\"></span>[USD/t] <span class=\"_ _e5\"> </span> <span class=\"_ _135\"> </span>Zmiana ceny SRE<span class=\"_ _2\"></span>BRA [USD/uncj\u0119]<span class=\"_ _2\"></span> <span class=\"_ _135\"> </span> <span class=\"_ _67\"> </span>Zmiana ce<span class=\"_ _2\"></span>n Z\u0141OTA [USD/u<span class=\"_ _2\"></span>ncj\u0119]10 293 (+23%)<span class=\"_ _2\"></span> <span class=\"_ _52\"> </span>6 463 (-23%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _110\"> </span></span>31,69 (+32%)<span class=\"_ _2\"></span> <span class=\"_ _136\"> </span>17,06 (-29%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _35\"> </span></span>2 107 (+15%) <span class=\"_ _60\"> </span>1 524 (-16%) wynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowywynik finansowyPochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Cu) <span class=\"_ _76\"> </span> <span class=\"_ _134\"> </span><span class=\"ff1\">161</span>161(49)(1 026)17935------Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Ag) <span class=\"_ _dc\"> </span> <span class=\"_ _107\"> </span><span class=\"ff1\">50</span>50----2(67)(17)106--Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Au) <span class=\"_ _76\"> </span> <span class=\"_ _135\"> </span><span class=\"ff1\">(10)</span>(10)--------(22)29Wbudowane in<span class=\"_ _2\"></span>strumenty poc<span class=\"_ _2\"></span>hodne (Cu, Ag, Au) <span class=\"_ _135\"> </span><span class=\"ff1\">(43)</span>(43)(164)-161-----(24)27Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy(213)-1782-(17)-(46)56Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody-(1 026)-935-(67)-106--Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2021Zmiana ceny MIEDZI <span class=\"_ _2\"></span>[USD/t] <span class=\"_ _e5\"> </span> <span class=\"_ _135\"> </span>Zmiana ceny SREBRA [USD/<span class=\"_ _2\"></span>uncj\u0119] <span class=\"_ _135\"> </span> <span class=\"_ _67\"> </span>Zmiana cen Z\u0141OTA [U<span class=\"_ _2\"></span>SD/uncj\u0119]Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansow<span class=\"_ _2\"></span>e na dzie\u0144 31.12.202<span class=\"_ _2\"></span>1  11 614 (+19%)<span class=\"_ _2\"></span> <span class=\"_ _52\"> </span>7 495 (-23%) <span class=\"_ _70\"> </span><span class=\"fcb\"> <span class=\"_ _33\"> </span></span>30,52 (+31%) <span class=\"_ _136\"> </span>16,55 (-29%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _5f\"> </span></span>2 122 (+17%) <span class=\"_ _138\"> </span>1 523 (-16%) wynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowywynik finansowyPochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Cu) <span class=\"_ _76\"> </span> <span class=\"_ _68\"> </span><span class=\"ff1\">(1 09<span class=\"_ _3\"></span>6)</span>(1 096)(74)(1 770)1731 701------Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Ag) <span class=\"_ _dc\"> </span> <span class=\"_ _134\"> </span><span class=\"ff1\">224</span>224----9(192)(39)334Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Au) <span class=\"_ _76\"> </span> <span class=\"_ _92\"> </span><span class=\"ff1\">-</span>---------(20)20Wbudowane in<span class=\"_ _2\"></span>strumenty poc<span class=\"_ _2\"></span>hodne (Cu, Ag, Au) <span class=\"_ _2a\"> </span><span class=\"ff1\">(<span class=\"_ _2\"></span>21)</span>(21)(129)-165-(1)-1-(11)11Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy(203)-3388-(38)-(31)31Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody-(1 770)-1 701-(192)-334-- Do wyznacz<span class=\"_ _3\"></span>enia zakresu poten<span class=\"_ _3\"></span>cjalnych zmian <span class=\"_ _3\"></span>cen metali dla cel\u00f3<span class=\"_ _3\"></span>w analizy wra<span class=\"_ _3\"></span>\u017cliwo\u015bci towarowyc<span class=\"_ _3\"></span>h czynnik\u00f3w ryzyka <span class=\"_ _3\"></span>(mied\u017a, srebr<span class=\"_ _3\"></span>o, z\u0142oto) wyk<span class=\"_ _3\"></span>orzystano powracaj<span class=\"_ _3\"></span>\u0105cy do \u015bredniej m<span class=\"_ _3\"></span>odel Schwartza<span class=\"_ _3\"></span> (geometryczny p<span class=\"_ _3\"></span>roces Ornsteina<span class=\"_ _3\"></span>-Uhlenbecka).Nota 7.5.1.3 Ryzy<span class=\"_ _3\"></span>ko zmian kurs\u00f3w w<span class=\"_ _3\"></span>alutowych W  odniesieniu <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>  ryzyka <span class=\"_ _74\"> </span>zmian  kurs\u00f3w  walutowych  w <span class=\"_ _74\"> </span>Grupie  Kapita\u0142owej  KGHM  Polska <span class=\"_ _74\"> </span>Mied\u017a  S.A.  identyfikowan<span class=\"_ _3\"></span>e s\u0105 nast\u0119puj\u0105ce rodz<span class=\"_ _3\"></span>aje ekspozycji:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja transak<span class=\"_ _3\"></span>cyjna dotycz\u0105ca <span class=\"_ _3\"></span>zmienno\u015bci warto\u015bci przep<span class=\"_ _3\"></span>\u0142yw\u00f3w pieni\u0119\u017cnych w <span class=\"_ _3\"></span>walucie bazowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja <span class=\"_ _74\"> </span>dotycz\u0105ca  z<span class=\"_ _3\"></span>mienno\u015bci <span class=\"_ _74\"> </span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _74\"> </span>wybranych  poz<span class=\"_ _3\"></span>ycji  spr<span class=\"_ _3\"></span>awozdania  z<span class=\"_ _3\"></span>  sytuacji <span class=\"_ _74\"> </span>finansowej  w<span class=\"_ _3\"></span> walucie </span></span>bazowej (funkcjonaln<span class=\"_ _3\"></span>ej), \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>tytu\u0142u <span class=\"_ _62\"> </span>inw<span class=\"_ _3\"></span>estycji <span class=\"_ _64\"> </span>netto <span class=\"_ _62\"> </span>w <span class=\"_ _64\"> </span>jednostkach <span class=\"_ _64\"> </span>zagranicznych <span class=\"_ _64\"> </span>dotycz\u0105ca <span class=\"_ _64\"> </span>zmienn<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _62\"> </span>wart<span class=\"_ _3\"></span>o\u015bci </span></span>skonsolidowaneg<span class=\"_ _3\"></span>o kapita\u0142u w\u0142asnego w wa<span class=\"_ _3\"></span>lucie bazowej (waluci<span class=\"_ _3\"></span>e prezentacji) Grupy Kapi<span class=\"_ _3\"></span>ta\u0142owej. \u0179r\u00f3d\u0142em <span class=\"_ _2\"></span>ekspozycji transakcyjnej <span class=\"_ _2\"></span>na ryzyko<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>walutowe <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>kontrakty skutkuj\u0105ce <span class=\"_ _2\"></span>przep\u0142ywami pieni\u0119\u017cnymi, <span class=\"_ _2\"></span>kt\u00f3rych <span class=\"_ _2\"></span>warto\u015b\u0107<span class=\"_ _3\"></span> w  wa<span class=\"_ _3\"></span>lucie  bazowej <span class=\"_ _74\"> </span>(funkcjonalnej) <span class=\"_ _74\"> </span>jest  uzale\u017cniona <span class=\"_ _74\"> </span>od  prz<span class=\"_ _3\"></span>ysz\u0142ych  pozi<span class=\"_ _3\"></span>om\u00f3w  kurs\u00f3w <span class=\"_ _74\"> </span>walut  o<span class=\"_ _3\"></span>bcych  wzgl\u0119d<span class=\"_ _3\"></span>em  walut<span class=\"_ _3\"></span>y bazowej. Przep\u0142ywy pi<span class=\"_ _3\"></span>eni\u0119\u017cne nar<span class=\"_ _3\"></span>a\u017cone na ryzyko walut<span class=\"_ _3\"></span>owe mog\u0105 posiada\u0107 nast<span class=\"_ _3\"></span>\u0119puj\u0105ce charakte<span class=\"_ _3\"></span>rystyki: \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">denominowan<span class=\"_ _3\"></span>ie <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>walutach <span class=\"_ _59\"> </span>obcych <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _5a\"> </span>przep\u0142yw<span class=\"_ _3\"></span>y <span class=\"_ _5a\"> </span>realizowane <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>walutach <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>bcych <span class=\"_ _59\"> </span>innych <span class=\"_ _5a\"> </span>ni\u017c <span class=\"_ _59\"> </span>waluta </span></span>funkcjonalna, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">indeksowani<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>kursu <span class=\"_ _59\"> </span>walu<span class=\"_ _3\"></span>t <span class=\"_ _59\"> </span>obcych <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _59\"> </span>przep\u0142ywy <span class=\"_ _59\"> </span>mog\u0105 <span class=\"_ _59\"> </span>by\u0107<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>realizowane <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>walucie <span class=\"_ _59\"> </span>bazowej, <span class=\"_ _59\"> </span>lecz<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>cena </span></span>(np. metalu) jest ustalana<span class=\"_ _3\"></span> w innej <span class=\"_ _3\"></span>walucie obcej. Kluczowym <span class=\"_ _53\"></span>\u017ar\u00f3d\u0142em <span class=\"_ _53\"></span>ekspozycji <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>ryzyko <span class=\"_ _53\"></span>walutowe <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>dzia\u0142alno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _0\"></span>biznesow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>Jednostki <span class=\"_ _2\"></span>D<span class=\"_ _2\"></span>ominu<span class=\"_ _3\"></span>j\u0105cej <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _53\"></span>wp\u0142ywy <span class=\"_ _53\"></span>z tytu\u0142u sprzeda\u017cy produk<span class=\"_ _3\"></span>t\u00f3w (w cz\u0119\u015bci d<span class=\"_ _3\"></span>otycz\u0105cej cen metali, premii <span class=\"_ _3\"></span>przerobowej i produ<span class=\"_ _3\"></span>cenckiej). \u0179r\u00f3d\u0142em  e<span class=\"_ _2\"></span>kspozycji  na <span class=\"_ _57\"> </span>ryzyko <span class=\"_ _57\"> </span>walutowe  s\u0105 <span class=\"_ _57\"> </span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c  pozycje <span class=\"_ _57\"> </span>skonsolidowanego  sprawozdania  z <span class=\"_ _57\"> </span>syt<span class=\"_ _2\"></span>uacji  f<span class=\"_ _2\"></span>inansowe<span class=\"_ _3\"></span>j w walutach <span class=\"_ _0\"></span>obcych, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>gruncie <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>bowi\u0105zuj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>zasad <span class=\"_ _0\"> </span>rachunkowo\u015bci, <span class=\"_ _1\"> </span>podl<span class=\"_ _3\"></span>egaj\u0105 <span class=\"_ _1\"> </span>przeliczeniu <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>bazie <span class=\"_ _1\"> </span>bie\u017c\u0105ceg<span class=\"_ _3\"></span>o kursu waluty obcej wzgl\u0119dem waluty bazowej (funkcjonaln<span class=\"_ _3\"></span>ej) w <span class=\"_ _2\"></span>zwi\u0105zku<span class=\"_ _3\"></span> z rozliczeniem lub o<span class=\"_ _2\"></span>kreso<span class=\"_ _3\"></span>w\u0105 wycen\u0105, w t<span class=\"_ _2\"></span>ym tak\u017ce z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>przelicz<span class=\"_ _3\"></span>enia <span class=\"_ _5a\"> </span>sprawozd<span class=\"_ _3\"></span>a\u0144 <span class=\"_ _5a\"> </span>jednostek <span class=\"_ _5a\"> </span>zagraniczn<span class=\"_ _3\"></span>ych. <span class=\"_ _5a\"> </span>Zmiany <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>bilansowych <span class=\"_ _59\"> </span>takich <span class=\"_ _5a\"> </span>pozycji <span class=\"_ _59\"> </span>pomi\u0119dzy momentami wyceny wp<span class=\"_ _3\"></span>\u0142ywaj\u0105 na z<span class=\"_ _3\"></span>mienno\u015b\u0107 zysku/straty netto l<span class=\"_ _3\"></span>ub pozosta\u0142ych ca\u0142kow<span class=\"_ _3\"></span>itych dochod\u00f3w.<span class=\"_ _3\"></span> Ekspozycja na <span class=\"_ _3\"></span>ryzyko walutowe pozycj<span class=\"_ _3\"></span>i skonsolidowane<span class=\"_ _3\"></span>go sprawozdania z sytuacj<span class=\"_ _3\"></span>i finansowej dot<span class=\"_ _3\"></span>yczy w szczeg\u00f3lno\u015bci:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci i zobowi\u0105za<span class=\"_ _3\"></span>\u0144 handlowych z<span class=\"_ _3\"></span> tytu\u0142u sprzeda\u017cy i <span class=\"_ _3\"></span>zakup\u00f3w denominowan<span class=\"_ _3\"></span>ych w walutach obc<span class=\"_ _3\"></span>ych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci finansow<span class=\"_ _3\"></span>ych z tytu\u0142u po\u017cycz<span class=\"_ _3\"></span>ek udzielonych w walutac<span class=\"_ _3\"></span>h obcych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zobowi\u0105za\u0144 finans<span class=\"_ _3\"></span>owych z tytu\u0142u <span class=\"_ _3\"></span>zad\u0142u\u017cenia w walutach <span class=\"_ _3\"></span>obcych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _3\"></span>w walutach obcych,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">instrument\u00f3w pochod<span class=\"_ _3\"></span>nych na rynku <span class=\"_ _3\"></span>metali. </span></span>W <span class=\"_ _57\"> </span>przypadku <span class=\"_ _57\"> </span>rynku <span class=\"_ _57\"> </span>waluto<span class=\"_ _2\"></span>wego, <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _59\"> </span>rozliczonych <span class=\"_ _57\"> </span>transakcji <span class=\"_ _57\"> </span>zabezpieczaj\u0105cych <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>ze sprzeda\u017cy <span class=\"_ _57\"> </span>metali stanowi\u0142 oko\u0142o 20% (w 2021 r. 28<span class=\"_ _2\"></span>%) ca\u0142kowitych przychod\u00f3w ze sprzeda\u017cy miedzi i srebra zrealizowanych przez Je<span class=\"_ _2\"></span>dnostk\u0119 Dominuj\u0105c\u0105 w 2<span class=\"_ _3\"></span>022 r.  W ramach realizacji strategiczne<span class=\"_ _3\"></span>go planu zabezpiecze\u0144 przed r<span class=\"_ _3\"></span>yzykiem rynkowym w 202<span class=\"_ _3\"></span>2 r. Jednostka Dominuj\u0105ca naby\u0142a<span class=\"_ _3\"></span> opcje sprzeda\u017cy <span class=\"_ _2\"></span>na rynku <span class=\"_ _2\"></span>walutowym dla <span class=\"_ _2\"></span>205 mln USD planowanych przychod\u00f3w <span class=\"_ _2\"></span>ze sprzeda\u017cy <span class=\"_ _2\"></span>z terminami zapadalno\u015bci od kwietnia <span class=\"_ _53\"></span>2022 r. <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>grudnia <span class=\"_ _2\"></span>2022 r., <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>tak\u017ce <span class=\"_ _0\"></span>struktury <span class=\"_ _53\"></span>opcyjne <span class=\"_ _2\"></span><span class=\"ff3\">k<span class=\"_ _2\"></span>orytarz</span> <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>walutowym <span class=\"_ _53\"></span>\u0142\u0105cznie <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>400 mln USD planowanych <span class=\"_ _1\"> </span>przychod\u00f3w <span class=\"_ _1\"> </span>ze <span class=\"_ _74\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _1\"> </span>sierpnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>oraz <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>ruktury <span class=\"_ _1\"> </span><span class=\"ff3\">korytarz</span> <span class=\"_ _74\"> </span>dla 2 640 m<span class=\"_ _3\"></span>ln USD na okres od stycznia <span class=\"_ _3\"></span>2023 r. do grudnia <span class=\"_ _3\"></span>2024 r. Ponadto <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach <span class=\"_ _59\"> </span>bie\u017c\u0105cego <span class=\"_ _59\"> </span>zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _59\"> </span>ryzykiem <span class=\"_ _59\"> </span>walutowym <span class=\"_ _59\"> </span>zawieran<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>kr\u00f3tkoterminowe <span class=\"_ _59\"> </span>transakcje <span class=\"_ _59\"> </span>sprzeda\u017c<span class=\"_ _3\"></span>y terminowej <span class=\"_ _0\"></span>(<span class=\"ff3\">forward</span>), <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _0\"> </span>celem <span class=\"_ _1\"> </span>by\u0142o <span class=\"_ _1\"> </span>zabezpieczenie <span class=\"_ _0\"></span>przed <span class=\"_ _0\"> </span>ryzykie<span class=\"_ _2\"></span>m <span class=\"_ _0\"> </span>zwi\u0105zanym <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>wahaniami <span class=\"_ _0\"></span>kursu <span class=\"_ _1\"> </span>USD/PLN, <span class=\"_ _0\"> </span>dla zaplanowanych k<span class=\"_ _3\"></span>r\u00f3tkoterminowych pr<span class=\"_ _3\"></span>zep\u0142yw\u00f3w finansowych. Tr<span class=\"_ _3\"></span>ansakcje <span class=\"ff3\">forwar<span class=\"_ _3\"></span>d<span class=\"ff2\"> zosta\u0142y rozliczo<span class=\"_ _3\"></span>ne w III kwartale 2022<span class=\"_ _3\"></span> r. </span></span>W  efekcie  na  dzie\u0144  31  grudnia  2022  r.  Jednostka  Dominuj\u0105ca<span class=\"_ _3\"></span>  posiada\u0142a  otwart\u0105  pozycj\u0119  zabezpie<span class=\"_ _3\"></span>czaj\u0105c\u0105  na  rynku walutowym <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>no<span class=\"_ _2\"></span>mina\u0142u <span class=\"_ _74\"> </span>2 955 <span class=\"_ _74\"> </span>mln  USD <span class=\"_ _74\"> </span>(1 050 <span class=\"_ _74\"> </span>mln  USD <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>dzie\u0144  31<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _74\"> </span>2021 <span class=\"_ _74\"> </span>r.)  oraz <span class=\"_ _74\"> </span>transakcje  CIR<span class=\"_ _3\"></span>S  <span class=\"_ _74\"> </span>(<span class=\"_ _2\"></span><span class=\"ff3\">Cross </span>Currency Interest Rate Sw<span class=\"_ _3\"></span>ap<span class=\"ff2\"> - swap walutowo<span class=\"_ _3\"></span>-procentowy) dla nomina<span class=\"_ _3\"></span>\u0142u 2 mld PLN, zar\u00f3wno zabe<span class=\"_ _3\"></span>zpieczaj\u0105ce przychody <span class=\"_ _3\"></span>ze </span>sprzeda\u017cy w waluci<span class=\"_ _3\"></span>e, jak i zmienne opr<span class=\"_ _3\"></span>ocentowanie wyemit<span class=\"_ _3\"></span>owanych obligacji.<span class=\"_ _3\"></span> Poni\u017csza <span class=\"_ _5e\"> </span>tabela <span class=\"_ _67\"> </span>prezen<span class=\"_ _3\"></span>tuje <span class=\"_ _5e\"> </span>skr\u00f3cone <span class=\"_ _67\"> </span>zestawienie <span class=\"_ _5e\"> </span>otwartyc<span class=\"_ _3\"></span>h <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _5e\"> </span>w <span class=\"_ _5e\"> </span>inst<span class=\"_ _2\"></span>rumentach <span class=\"_ _5e\"> </span>pochodnych <span class=\"_ _5e\"> </span>jednostki Dominuj\u0105cej  n<span class=\"_ _3\"></span>a rynku <span class=\"_ _74\"> </span>waluto<span class=\"_ _2\"></span>wym <span class=\"_ _74\"> </span>na  31 <span class=\"_ _58\"> </span>grudnia  202<span class=\"_ _3\"></span>2  r. <span class=\"_ _74\"> </span>(zab<span class=\"_ _2\"></span>ezpieczony <span class=\"_ _74\"> </span>wolumen  w <span class=\"_ _74\"> </span>prezentowanych  okresach <span class=\"_ _74\"> </span>jest roz\u0142o\u017cony r\u00f3wnomi<span class=\"_ _3\"></span>ernie w podzia<span class=\"_ _3\"></span>le miesi\u0119cznym).<span class=\"_ _192\"> </span>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian kursu <span class=\"_ _3\"></span>walutowego USD/ PLN \u2013 i<span class=\"_ _3\"></span>nstrumenty pochodn<span class=\"_ _3\"></span>e otwarte na 31 <span class=\"_ _3\"></span>grudnia 2022 r. Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian kursu <span class=\"_ _3\"></span>walutowego USD/PLN <span class=\"_ _3\"></span>\u2013 instrumenty pochodn<span class=\"_ _3\"></span>e otwarte na 31 grud<span class=\"_ _3\"></span>nia 2021 r. Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka walutowo-proc<span class=\"_ _3\"></span>entowego zwi\u0105zan<span class=\"_ _3\"></span>ego z emisj\u0105 <span class=\"_ _3\"></span>obligacji o zmiennym <span class=\"_ _3\"></span>oprocentowaniu w <span class=\"_ _3\"></span>PLN \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31 grud<span class=\"_ _3\"></span>nia 2022 r. oraz n<span class=\"_ _3\"></span>a 31 grudni<span class=\"_ _3\"></span>a 2021 r.<span class=\"fc0\"> </span>Instrument<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"_ _192\"> </span>\u015arednia stopa procentowa<span class=\"_ _192\"> </span>\u015aredni kurs wymiany<span class=\"_ _192\"> </span>[mln PLN]<span class=\"_ _192\"> </span>[<span class=\"_ _192\"> </span>sta\u0142a stopa % dl<span class=\"_ _2\"></span>a USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>VI  2024 CIRS<span class=\"_ _192\"> </span>400<span class=\"_ _192\"> </span>3,23%<span class=\"_ _192\"> </span>3,78<span class=\"_ _192\"> </span>VI 2029<span class=\"_ _192\"> </span>CIRS<span class=\"_ _192\"> </span>1 600<span class=\"_ _192\"> </span>3,94%<span class=\"_ _192\"> </span>3,81<span class=\"_ _192\"> </span>SUMA 2 000<span class=\"_ _192\"> </span>Niekt\u00f3re <span class=\"_ _0\"></span>polskie <span class=\"_ _1\"> </span>sp\u00f3\u0142ki <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _1\"> </span>zarz\u0105<span class=\"_ _3\"></span>dza\u0142y <span class=\"_ _1\"> </span>ryzykiem <span class=\"_ _0\"></span>walutowym, <span class=\"_ _0\"></span>zwi\u0105zanym <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>ich podstawow\u0105 <span class=\"_ _0\"></span>dzia\u0142alno\u015bci\u0105<span class=\"_ _3\"></span> (m.in. <span class=\"_ _1\"> </span>handlow\u0105), <span class=\"_ _0\"></span>poprzez <span class=\"_ _1\"> </span>zawieranie <span class=\"_ _0\"></span>transakcji <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>instrumenta<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>pochodnych <span class=\"_ _0\"> </span>m.in. <span class=\"_ _1\"> </span>na rynku <span class=\"_ _1\"> </span>USD/PLN <span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _0\"></span>EUR/PLN. Zestawienie otwartych transakcj<span class=\"_ _3\"></span>i na 31 grudnia 2022 r. oraz 31 grudnia 2021 r. nie je<span class=\"_ _2\"></span>st prezentow<span class=\"_ _3\"></span>ane ze wzgl\u0119du na ma\u0142\u0105 istotno\u015b\u0107 dla Grup<span class=\"_ _3\"></span>y Kapita\u0142owej. W <span class=\"_ _53\"></span>ramach <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span>arz\u0105dzania <span class=\"_ _53\"></span>ryzykiem <span class=\"_ _0\"></span>walutowym <span class=\"_ _53\"></span>Jednostka <span class=\"_ _53\"></span>Do<span class=\"_ _2\"></span>minuj<span class=\"_ _3\"></span>\u0105ca <span class=\"_ _53\"></span>sto<span class=\"_ _2\"></span>suje <span class=\"_ _53\"></span>hedging <span class=\"_ _0\"></span>naturalny <span class=\"_ _53\"></span>polegaj\u0105cy <span class=\"_ _53\"></span>na zaci\u0105ganiu kredyt\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>walutach, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>si\u0105ga <span class=\"_ _0\"></span>przychody. <span class=\"_ _53\"></span>Warto\u015b\u0107 <span class=\"_ _0\"></span>kredyt\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>po\u017cyczek <span class=\"_ _53\"></span>inwestycyjnych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. zaci\u0105gni\u0119tych w <span class=\"_ _3\"></span>walucie USD, po prz<span class=\"_ _3\"></span>eliczeniu na PLN wynios<span class=\"_ _3\"></span>\u0142a 3 435 mln <span class=\"_ _3\"></span>PLN (na 31 grudnia 20<span class=\"_ _3\"></span>21 r. 2 980 m<span class=\"_ _3\"></span>ln PLN).  Nomina\u0142<span class=\"_ _192\"> </span>\u015aredniowa\u017con<span class=\"_ _2\"></span>y kurs wyko<span class=\"_ _2\"></span>nania opcji<span class=\"_ _2\"></span> \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>Instrument/ struktura opcyjna<span class=\"_ _2\"></span> sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>ogranicze<span class=\"_ _2\"></span>nie zabezp<span class=\"_ _2\"></span>ieczenia<span class=\"_ _192\"> </span>zabezp<span class=\"_ _2\"></span>ieczenie<span class=\"_ _192\"> </span>kursu walu<span class=\"_ _2\"></span>towego ogranicze<span class=\"_ _2\"></span>nie partycypa<span class=\"_ _2\"></span>cji<span class=\"_ _192\"> </span>[mln USD]<span class=\"ff1\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[PLN za 1 USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>2023 mewa <span class=\"_ _68\"> </span>135,00 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>mewa <span class=\"_ _68\"> </span>180,00 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,03<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>5,48<span class=\"_ _192\"> </span>(0,03)<span class=\"_ _192\"> </span>4,45<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,69<span class=\"_ _192\"> </span>6,09<span class=\"_ _192\"> </span>(0,05)<span class=\"_ _192\"> </span>4,64 <span class=\"_ _139\"> </span><span class=\"ff1 fc2\">SUMA 2023<span class=\"_ _2\"></span></span> <span class=\"_ _13a\"> </span><span class=\"ff1\">1 635,00 </span>2024<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>5,48<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,69<span class=\"_ _192\"> </span>6,09<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>4,68<span class=\"_ _192\"> </span>SUMA 2024<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _13a\"> </span><span class=\"ff1\">1 320,00 </span></span>Nomina\u0142<span class=\"_ _192\"> </span>Kurs wykonania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny poziom zabezpieczenia<span class=\"_ _192\"> </span>Instrument/ struktura opcyjna<span class=\"_ _2\"></span> sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>kursu walutowego ograniczenie partycypacji<span class=\"ff1\"> </span>[mln USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[PLN za 1 USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>I p\u00f3\u0142. mewa<span class=\"_ _192\"> </span>67,5 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>3,99<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>90 3,50<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,04<span class=\"_ _192\"> </span>3,94<span class=\"_ _192\"> </span>zakup opcji sp<span class=\"_ _2\"></span>rzeda\u017cy<span class=\"_ _192\"> </span>180 -<span class=\"_ _192\"> </span>3,75<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(0,04)<span class=\"_ _192\"> </span>3,71<span class=\"_ _192\"> </span>II p\u00f3\u0142. mewa<span class=\"_ _192\"> </span>67,5 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>3,99<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>90 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,03<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>korytarz<span class=\"_ _192\"> </span>240 -<span class=\"_ _192\"> </span>3,85<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,04)<span class=\"_ _192\"> </span>3,81 <span class=\"_ _13b\"> </span><span class=\"ff1 fc2\">SUMA 2022<span class=\"_ _2\"></span></span> <span class=\"_ _115\"> </span><span class=\"ff1\">735 </span>2023<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>135 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>180 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>(0,03)<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _13c\"> </span><span class=\"ff1\">315<span class=\"_ _192\"> </span></span></span>Poni\u017csze  tabel<span class=\"_ _3\"></span>e  prezentuj\u0105  stru<span class=\"_ _3\"></span>ktur\u0119  walutow\u0105  instrum<span class=\"_ _3\"></span>ent\u00f3w  finans<span class=\"_ _3\"></span>owych  nara\u017conych <span class=\"_ _74\"> </span>na  ryzyko  walutowe  (zm<span class=\"_ _3\"></span>iany kurs\u00f3w USD/PLN , EUR/PLN, CAD/PLN oraz GBP/PLN) Grupy Kapita\u0142ow<span class=\"_ _3\"></span>ej KGHM Polska Mied\u017a S.A. oraz analiz\u0119 wra\u017cliwo\u015bci na ryzyko <span class=\"_ _2\"></span>zmian kurs\u00f3w walutowych. <span class=\"_ _2\"></span>Do wyznaczenia zakresu potencjalnych zmian kurs\u00f3w <span class=\"_ _2\"></span>USD/P<span class=\"_ _3\"></span>LN, <span class=\"_ _2\"></span>EUR/PLN, CAD/PLN oraz GBP/PLN dla <span class=\"_ _3\"></span>cel\u00f3w analizy wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci wykorzystan<span class=\"_ _3\"></span>o model Blacka-Scholesa <span class=\"_ _3\"></span>(geometryczny <span class=\"_ _3\"></span>ruch Browna). Instrumenty fin<span class=\"_ _3\"></span>ansowe<span class=\"_ _192\"> </span>Warto\u015b\u0107 nara\u017c<span class=\"_ _3\"></span>ona na ryzyko na 31.12.2<span class=\"_ _3\"></span>022<span class=\"_ _192\"> </span>razem mln PLN<span class=\"_ _3\"></span> <span class=\"_ _69\"> </span><span class=\"ff2\">mln USD </span>mln EUR <span class=\"_ _62\"> </span>mln CAD Udzia\u0142y i akcje 4 <span class=\"_ _f7\"> </span><span class=\"ff2\">- <span class=\"_ _10b\"> </span>- <span class=\"_ _107\"> </span>1 <span class=\"_ _13d\"> </span> </span>Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w  776 <span class=\"_ _10d\"> </span><span class=\"ff2\">140<span class=\"_ _3\"></span> <span class=\"_ _e4\"> </span>30<span class=\"_ _3\"></span> <span class=\"_ _107\"> </span>5 <span class=\"_ _13d\"> </span> </span>\u015arodki pieni\u0119\u017cne i ekwi<span class=\"_ _3\"></span>walenty  868 <span class=\"_ _10d\"> </span><span class=\"ff2\">163<span class=\"_ _3\"></span> <span class=\"_ _e4\"> </span>20<span class=\"_ _3\"></span> <span class=\"_ _134\"> </span>17 <span class=\"_ _1e\"> </span> </span>D\u0142ugoterminowe po\u017c<span class=\"_ _3\"></span>yczki udzielone na rz<span class=\"_ _3\"></span>ecz wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 9 603 <span class=\"_ _13e\"> </span><span class=\"ff2\">2 182 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span>Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe  234 <span class=\"_ _134\"> </span><span class=\"ff2\">44 <span class=\"_ _10b\"> </span>- <span class=\"_ _134\"> </span>12 <span class=\"_ _1e\"> </span> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe*<span class=\"_ _3\"></span> 357 <span class=\"_ _134\"> </span><span class=\"ff2\">36 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span>Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w <span class=\"_ _3\"></span>i podobne (1 063) <span class=\"_ _13f\"> </span><span class=\"ff2\">(153) <span class=\"_ _115\"> </span>(75) <span class=\"_ _33\"> </span>(11) <span class=\"_ _1e\"> </span> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia<span class=\"_ _3\"></span> (3 578) <span class=\"_ _13f\"> </span><span class=\"ff2\">(793) <span class=\"_ _115\"> </span>(10) <span class=\"_ _33\"> </span>(13) <span class=\"_ _1e\"> </span> </span>Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe (49) <span class=\"_ _140\"> </span><span class=\"ff2\">(9) <span class=\"_ _f9\"> </span>(2) <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span>* W <span class=\"_ _0\"></span>pozycji <span class=\"_ _0\"> </span>poch<span class=\"_ _2\"></span>odne<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>instrumenty<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>finansowe <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>kolu<span class=\"_ _2\"></span>mnie <span class=\"_ _0\"> </span>\u201emln<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>USD\u201d <span class=\"_ _0\"></span>zaprezent<span class=\"_ _2\"></span>owane <span class=\"_ _0\"> </span>s\u0105 <span class=\"_ _0\"> </span>tra<span class=\"_ _2\"></span>nsakcje <span class=\"_ _0\"> </span>na <span class=\"_ _0\"> </span>ryn<span class=\"_ _2\"></span>ku <span class=\"_ _0\"></span>metali, <span class=\"_ _0\"> </span>kt\u00f3re<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>s\u0105 wycenian<span class=\"_ _2\"></span>e w USD <span class=\"_ _2\"></span>i p<span class=\"_ _192\"> </span>rzeliczane n<span class=\"_ _2\"></span>a PLN po <span class=\"_ _2\"></span>kursie z <span class=\"_ _2\"></span>dnia ko<span class=\"_ _2\"></span>\u0144cz\u0105cego okre<span class=\"_ _2\"></span>s sprawozd<span class=\"_ _2\"></span>awczy, na<span class=\"_ _2\"></span>tomiast kol<span class=\"_ _2\"></span>umna \u201eraze<span class=\"_ _2\"></span>m mln <span class=\"_ _2\"></span>PLN\u201d uwzgl\u0119d<span class=\"_ _2\"></span>nia r\u00f3wnie\u017c wa<span class=\"_ _2\"></span>rto\u015b\u0107 godziw\u0105 instru<span class=\"_ _2\"></span>ment\u00f3w p<span class=\"_ _2\"></span>ochodnych w<span class=\"_ _2\"></span>ycenianych wy\u0142\u0105<span class=\"_ _2\"></span>cznie w PLN.<span class=\"ff2\"> </span>Instrumenty fin<span class=\"_ _3\"></span>ansowe<span class=\"_ _192\"> </span>Warto\u015b\u0107 nara\u017c<span class=\"_ _3\"></span>ona na ryzyko na 31.12.2021<span class=\"_ _192\"> </span>razem mln PLN<span class=\"_ _3\"></span> <span class=\"_ _69\"> </span><span class=\"ff2\">mln USD </span>mln EUR <span class=\"_ _62\"> </span>mln CAD <span class=\"_ _62\"> </span>mln GBP Udzia\u0142y i akcje 5<span class=\"_ _192\"> </span>- <span class=\"_ _10b\"> </span>- <span class=\"_ _107\"> </span>2 <span class=\"_ _f7\"> </span>- Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w  515<span class=\"_ _192\"> </span>80 <span class=\"_ _f9\"> </span>30 <span class=\"_ _141\"> </span>4 <span class=\"_ _107\"> </span>8 \u015arodki pieni\u0119\u017cne i ekwi<span class=\"_ _3\"></span>walenty  1 558<span class=\"_ _192\"> </span>341 <span class=\"_ _f9\"> </span>20 <span class=\"_ _134\"> </span>23 <span class=\"_ _107\"> </span>2 D\u0142ugoterminowe po\u017c<span class=\"_ _3\"></span>yczki udzielone na rz<span class=\"_ _3\"></span>ecz wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 7 867<span class=\"_ _192\"> </span>1 938 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- Kr\u00f3tkoterminowe p<span class=\"_ _3\"></span>o\u017cyczki udzielon<span class=\"_ _3\"></span>e na rzecz wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 447 110 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe  150<span class=\"_ _192\"> </span>26 <span class=\"_ _10b\"> </span>- <span class=\"_ _134\"> </span>12 <span class=\"_ _f7\"> </span>- Pochodne instrume<span class=\"_ _3\"></span>nty finansowe*<span class=\"_ _3\"></span> (1 174)<span class=\"_ _192\"> </span>220 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w <span class=\"_ _3\"></span>i podobne (1 132)<span class=\"_ _192\"> </span>(167) <span class=\"_ _115\"> </span>(87) <span class=\"_ _33\"> </span>(16) <span class=\"_ _f7\"> </span>- Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia<span class=\"_ _3\"></span> (3 121)<span class=\"_ _192\"> </span>(736) <span class=\"_ _115\"> </span>(18) <span class=\"_ _33\"> </span>(15) <span class=\"_ _f7\"> </span>- Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe (177)<span class=\"_ _192\"> </span>(41) <span class=\"_ _f9\"> </span>(3) <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- * W <span class=\"_ _0\"> </span>pozycji<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>poch<span class=\"_ _2\"></span>odne <span class=\"_ _0\"> </span>instrume<span class=\"_ _2\"></span>nty <span class=\"_ _0\"> </span>finansowe<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>ko<span class=\"_ _2\"></span>lumnie <span class=\"_ _0\"> </span>\u201emln <span class=\"_ _1\"> </span>USD\u201d <span class=\"_ _0\"></span>zaprezentow<span class=\"_ _2\"></span>ane <span class=\"_ _0\"> </span>s\u0105 <span class=\"_ _0\"> </span>tr<span class=\"_ _2\"></span>ansakcje <span class=\"_ _0\"> </span>n<span class=\"_ _2\"></span>a <span class=\"_ _0\"> </span>rynku <span class=\"_ _0\"> </span>m<span class=\"_ _2\"></span>etali, <span class=\"_ _0\"></span>kt\u00f3re <span class=\"_ _0\"> </span>s\u0105<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>wyceni<span class=\"_ _2\"></span>ane w USD <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>prz<span class=\"_ _2\"></span>eliczane<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>po <span class=\"_ _2\"></span>kursi<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>dnia <span class=\"_ _53\"></span>ko\u0144cz\u0105cego<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>okre<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>sp<span class=\"_ _2\"></span>rawozdawczy, <span class=\"_ _53\"></span>natomi<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>lumna <span class=\"_ _53\"></span>\u201erazem <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N\u201d <span class=\"_ _2\"></span>uwzgl\u0119<span class=\"_ _2\"></span>dnia <span class=\"_ _53\"></span>r\u00f3wnie\u017c warto\u015b\u0107 god<span class=\"_ _2\"></span>ziw\u0105 ins<span class=\"_ _2\"></span>trument\u00f3w po<span class=\"_ _2\"></span>chodnych wyceni<span class=\"_ _2\"></span>anych wy\u0142\u0105czn<span class=\"_ _2\"></span>ie w PLN.<span class=\"ff2\"> </span>Analiza wra\u017cli<span class=\"_ _3\"></span>wo\u015bci Grupy Kap<span class=\"_ _3\"></span>ita\u0142owej na ryzy<span class=\"_ _3\"></span>ko zmian kurs<span class=\"_ _3\"></span>\u00f3w walutowych w<span class=\"_ _3\"></span> 2022 r. i <span class=\"_ _3\"></span>2021 r.<span class=\"ff2 fc0\"> </span>Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2022Zmiana kursu USD<span class=\"_ _2\"></span>/PLN Zmiana kursu EU<span class=\"_ _2\"></span>R/PLN Zmiana kursu CAD/<span class=\"_ _2\"></span>PLN  <span class=\"_ _7\"> </span>5,03 (+14%) <span class=\"_ _e5\"> </span>3,91 (-11%) <span class=\"_ _120\"> </span> <span class=\"_ _65\"> </span>5,18 (+10%)4,48 (-5%) <span class=\"_ _56\"> </span>3,<span class=\"_ _2\"></span>68 (+13%) <span class=\"_ _6b\"> </span>2,88 (-11%) <span class=\"_ _6c\"> </span> Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansowe na dzie<span class=\"_ _2\"></span>\u0144 31.12.2022<span class=\"_ _2\"></span> wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e<span class=\"_ _192\"> </span>ca\u0142kowite dochody<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> wynik finansowy<span class=\"ff1\"> </span>wynik finansowy wynik finansowy<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> <span class=\"_ _c7\"> </span> <span class=\"_ _e8\"> </span> Udzia\u0142y i akcje<span class=\"_ _2\"></span> 4 <span class=\"_ _142\"> </span>521 --------Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w  776 <span class=\"_ _de\"> </span>1 17<span class=\"_ _3\"></span>8 88-(68)-15(6)2(2)\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty 868 <span class=\"_ _de\"> </span>1 20<span class=\"_ _3\"></span>0 102-(79)-10(4)7(6)D\u0142ugoterminowe<span class=\"_ _2\"></span> po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 9 603 <span class=\"_ _dc\"> </span>9 603<span class=\"_ _2\"></span> 1 372-(1 065)-----Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe  234 <span class=\"_ _142\"> </span>890 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">28</span>-(21)---5(4)Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe 357 <span class=\"_ _142\"> </span>357 (3)(1 197)(6)1 193(2)1--Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w <span class=\"_ _2\"></span> i podobne (1 063) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>3 280) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(96)</span>-75-(37)16(5)4Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> zad\u0142u\u017cenia<span class=\"_ _2\"></span> (3 578) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>6 443) <span class=\"_ _62\"> </span> <span class=\"_ _130\"> </span><span class=\"ff2\">(499)</span>-387-(5)2(5)5Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> (49) <span class=\"_ _e5\"> </span>(211) <span class=\"_ _62\"> </span> <span class=\"_ _143\"> </span><span class=\"ff2\">(6)</span>-4-(1)---Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy 986-(773)-(20)94(3)Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody (1 197)1 193----Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2021Zmiana kursu USD<span class=\"_ _2\"></span>/PLN Zmiana kursu EU<span class=\"_ _2\"></span>R/PLN Zmiana kursu CAD/<span class=\"_ _2\"></span>PLN  <span class=\"_ _5b\"> </span>Zmiana kursu <span class=\"_ _2\"></span>GBP/PLN<span class=\"_ _2\"></span>  <span class=\"_ _7\"> </span>4,57 (+13%) <span class=\"_ _e5\"> </span>3,66 (-10%) <span class=\"_ _120\"> </span> <span class=\"_ _144\"> </span>5,01 (+9%)4,37 (-5%) <span class=\"_ _56\"> </span>3,<span class=\"_ _2\"></span>55 (+11%) <span class=\"_ _6d\"> </span>2,90 (-9%) <span class=\"_ _35\"> </span> <span class=\"_ _60\"> </span>6,15 (+12%)4,98 (-9%)Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansowe na dzie<span class=\"_ _2\"></span>\u0144 31.12.2021<span class=\"_ _2\"></span> wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e<span class=\"_ _192\"> </span>ca\u0142kowite dochody<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> wynik finansowy<span class=\"ff1\"> </span>wynik finansowy wynik finansowy<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> wynik finansowy wynik finansowy Udzia\u0142y i akcje<span class=\"_ _2\"></span> 5 <span class=\"_ _142\"> </span>615 ------1---Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w  515 <span class=\"_ _de\"> </span>1 02<span class=\"_ _3\"></span>6 41-(32)-12(7)1(1)5(4)\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty 1 558 <span class=\"_ _dc\"> </span>1 904<span class=\"_ _2\"></span> 175-(138)-8(4)8(7)1(1)D\u0142ugoterminowe<span class=\"_ _2\"></span> po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 7 867 <span class=\"_ _136\"> </span>7 867997-(782)-------Kr\u00f3tkotermi<span class=\"_ _2\"></span>nowe po\u017cyczki udzielon<span class=\"_ _2\"></span>e na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 447 <span class=\"_ _142\"> </span>447 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">57</span>-(44)-------Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe  150 <span class=\"_ _142\"> </span>671 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">14</span>-(11)---4(3)--Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (1 174) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>1 174) 10<span class=\"_ _192\"> </span>(646)<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>527<span class=\"_ _192\"> </span>(7)4----Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w <span class=\"_ _2\"></span> i podobne (1 132) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>3 201) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(86)</span>-67-(36)20(6)5--Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> zad\u0142u\u017cenia<span class=\"_ _2\"></span> (3 121) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>5 949) <span class=\"_ _62\"> </span> <span class=\"_ _130\"> </span><span class=\"ff2\">(379)</span>-297-(7)4(6)4--Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> (177) <span class=\"_ _e5\"> </span>(479) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(21)</span>-16-(1)1----Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy 808-(625)-(31)182(2)6(5)Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody (646)527------Nota 7.5.1.4 Ryzy<span class=\"_ _3\"></span>ko zmian st\u00f3p <span class=\"_ _3\"></span>procentowych Na <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>st\u00f3p <span class=\"_ _53\"></span>pro<span class=\"_ _2\"></span>centowych <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _53\"></span>nara\u017cona <span class=\"_ _53\"></span>by\u0142a <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>udzielo<span class=\"_ _2\"></span>nymi <span class=\"_ _53\"></span>po\u017cyczkami <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rzecz <span class=\"_ _53\"></span>wsp\u00f3lnego przedsi\u0119wzi\u0119cia, <span class=\"_ _53\"></span>lokowaniem <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych, <span class=\"_ _0\"></span>programem <span class=\"_ _53\"></span>faktoringu <span class=\"_ _0\"></span>d\u0142u\u017cnego <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>korzystaniem <span class=\"_ _0\"></span>z zewn\u0119trznyc<span class=\"_ _3\"></span>h \u017ar\u00f3de\u0142 finansowania.<span class=\"_ _3\"></span> Pozycje oprocentowane wed\u0142u<span class=\"_ _3\"></span>g stopy zmiennej nara\u017caj\u0105 Grup\u0119 na ryzyko zmiany przep\u0142yw\u00f3w pieni\u0119\u017cn<span class=\"_ _3\"></span>ych z danej <span class=\"_ _2\"></span>pozycji<span class=\"_ _3\"></span> w  wyniku<span class=\"_ _3\"></span>  zmian<span class=\"_ _3\"></span>y  st<span class=\"_ _3\"></span>\u00f3p  proc<span class=\"_ _3\"></span>entowych  (t<span class=\"_ _3\"></span>j.  wp<span class=\"_ _3\"></span>\u0142ywaj\u0105  na <span class=\"_ _74\"> </span>wysoko\u015b\u0107 <span class=\"_ _74\"> </span>koszt\u00f3w  lub <span class=\"_ _74\"> </span>przychod\u00f3w <span class=\"_ _74\"> </span>odsetkowych <span class=\"_ _74\"> </span>ujmowanych w wyniku <span class=\"_ _2\"></span>finansowym). <span class=\"_ _53\"></span>Pozycje <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>procentowane <span class=\"_ _2\"></span>wed\u0142ug <span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>opy <span class=\"_ _2\"></span>sta\u0142ej <span class=\"_ _53\"></span>nara\u017caj\u0105 <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>dziwej<span class=\"_ _3\"></span> danej pozycji, z wy\u0142\u0105czeniem pozycji wycenia<span class=\"_ _3\"></span>nych wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu, dla kt\u00f3rych zmiana warto\u015bci godziw<span class=\"_ _3\"></span>ej nie wp\u0142ywa na ich <span class=\"_ _3\"></span>wycen\u0119 oraz na <span class=\"_ _3\"></span>wynik finansowy.<span class=\"fc10\"> </span>Poni\u017cej przedstawi<span class=\"_ _3\"></span>ono g\u0142\u00f3wne pozycje, <span class=\"_ _3\"></span>kt\u00f3re nara\u017cone s\u0105 na r<span class=\"_ _3\"></span>yzyko st\u00f3p procen<span class=\"_ _3\"></span>towych. Stan na 31.12.20<span class=\"_ _3\"></span>22 Stan na 31.12.20<span class=\"_ _3\"></span>21 Ryzyko przep\u0142yw\u00f3w pieni\u0119\u017cnych<span class=\"_ _192\"> </span>Ryzyko warto\u015bci godziwej<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>Ryzyko przep\u0142yw\u00f3w pieni\u0119\u017cnych<span class=\"_ _192\"> </span>Ryzyko warto\u015bci godziwej<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>\u015arodki pieni\u0119\u017cne<span class=\"_ _3\"></span> 1 200<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 200<span class=\"_ _192\"> </span>2 333<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>2 333<span class=\"_ _192\"> </span>Po\u017cyczki udzielone<span class=\"_ _3\"></span> -<span class=\"_ _192\"> </span>20<span class=\"_ _192\"> </span>20<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>22<span class=\"_ _192\"> </span>22<span class=\"_ _192\"> </span>Nota 7.1 Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia (2 656)<span class=\"_ _192\"> </span>(3 787)<span class=\"_ _192\"> </span>(6 443)<span class=\"_ _192\"> </span>(2 153)<span class=\"_ _192\"> </span>(3 796)<span class=\"_ _192\"> </span>(5 949)<span class=\"_ _192\"> </span>Zobowi\u0105zania podobne* (18)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(18)<span class=\"_ _192\"> </span>(55)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(55)<span class=\"_ _192\"> </span>* W <span class=\"_ _1\"> </span>celu <span class=\"_ _1\"> </span>efektywn<span class=\"_ _2\"></span>ego <span class=\"_ _1\"> </span>zarz\u0105dzania <span class=\"_ _1\"> </span>kap<span class=\"_ _2\"></span>ita\u0142em <span class=\"_ _1\"> </span>obroto<span class=\"_ _2\"></span>wym <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>terminowej <span class=\"_ _1\"> </span>realizacji<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>wzajemnych <span class=\"_ _1\"> </span>zobow<span class=\"_ _2\"></span>i\u0105za\u0144 <span class=\"_ _1\"> </span>wynikaj\u0105cych <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bowi\u0105zuj\u0105cych um\u00f3w <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>dostawcami, <span class=\"_ _57\"> </span>Grupa <span class=\"_ _57\"> </span>realizowa\u0142a <span class=\"_ _57\"> </span>umowy <span class=\"_ _57\"> </span>o \u015bwiadczenie <span class=\"_ _57\"> </span>us\u0142ug <span class=\"_ _146\"> </span>faktoringu <span class=\"_ _146\"> </span>d\u0142u<span class=\"_ _2\"></span>\u017cnego. <span class=\"_ _146\"> </span>W <span class=\"_ _146\"> </span>zw<span class=\"_ _2\"></span>i\u0105zku <span class=\"_ _146\"> </span>z <span class=\"_ _146\"> </span>p<span class=\"_ _2\"></span>owy\u017cszym <span class=\"_ _146\"> </span>dla<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>cz\u0119\u015bci <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>rtfela zobow<span class=\"_ _2\"></span>i\u0105za\u0144  wobe<span class=\"_ _2\"></span>c  dostawc\u00f3<span class=\"_ _2\"></span>w  uzgodnio<span class=\"_ _2\"></span>no  wyd\u0142u\u017c<span class=\"_ _2\"></span>enie  termin<span class=\"_ _2\"></span>\u00f3w  sp\u0142a<span class=\"_ _2\"></span>ty  zobowi\u0105za<span class=\"_ _2\"></span>\u0144  za  d<span class=\"_ _2\"></span>odatkowym <span class=\"_ _146\"> </span>wynagrodzeniem<span class=\"_ _2\"></span>  w  formi<span class=\"_ _2\"></span>e  odsete<span class=\"_ _2\"></span>k. Odsetki <span class=\"_ _57\"> </span>wyznacza<span class=\"_ _2\"></span>ne <span class=\"_ _146\"> </span>s\u0105 <span class=\"_ _57\"> </span>wed\u0142ug <span class=\"_ _57\"> </span>stopy <span class=\"_ _146\"> </span>zmie<span class=\"_ _2\"></span>nnej, <span class=\"_ _57\"> </span>w <span class=\"_ _146\"> </span>oparciu<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>o sta\u0142<span class=\"_ _2\"></span>\u0105 <span class=\"_ _146\"> </span>mar\u017c\u0119 <span class=\"_ _146\"> </span>pow<span class=\"_ _2\"></span>i\u0119kszon\u0105<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>o <span class=\"_ _146\"> </span>okre<span class=\"_ _2\"></span>\u015blony <span class=\"_ _146\"> </span>wska\u017an<span class=\"_ _2\"></span>ik <span class=\"_ _146\"> </span>referen<span class=\"_ _2\"></span>cyjny <span class=\"_ _146\"> </span>u<span class=\"_ _2\"></span>stalony <span class=\"_ _146\"> </span>d<span class=\"_ _2\"></span>la poszcze<span class=\"_ _2\"></span>g\u00f3lnych walu<span class=\"_ _2\"></span>t. Szczeg\u00f3\u0142y do<span class=\"_ _2\"></span>tycz\u0105ce faktoringu d<span class=\"_ _2\"></span>\u0142u\u017cnego op<span class=\"_ _2\"></span>isano w Nocie 8.4.<span class=\"_ _2\"></span>1, nocie 10.3<span class=\"_ _2\"></span> oraz Nocie 10.<span class=\"_ _2\"></span>4.<span class=\"fcb\"> </span>Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Jednost<span class=\"_ _2\"></span>ka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>posiada\u0142a <span class=\"_ _2\"></span>transakcje <span class=\"_ _2\"></span>CIRS <span class=\"_ _2\"></span>(Cross <span class=\"_ _53\"></span>Currency <span class=\"_ _2\"></span>Interest <span class=\"_ _2\"></span>Rate <span class=\"_ _53\"></span>Swap <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span>swap walutowo-procent<span class=\"_ _3\"></span>owy)  z <span class=\"_ _1\"> </span>te<span class=\"_ _2\"></span>rminam<span class=\"_ _3\"></span>i  z<span class=\"_ _3\"></span>apadalno\u015bci <span class=\"_ _74\"> </span>w  czerwcu <span class=\"_ _74\"> </span>2024 <span class=\"_ _74\"> </span>r.  oraz <span class=\"_ _1\"> </span>czerwcu  202<span class=\"_ _3\"></span>9  r., <span class=\"_ _74\"> </span>dla  nomina\u0142u <span class=\"_ _74\"> </span>2 mld <span class=\"_ _74\"> </span>PLN, zabezpieczaj\u0105ce <span class=\"_ _1\"> </span>zar\u00f3wn<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>przychody <span class=\"_ _1\"> </span>ze <span class=\"_ _74\"> </span>sprzeda\u017cy <span class=\"_ _0\"> </span>w <span class=\"_ _74\"> </span>walucie, <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>zmienne <span class=\"_ _1\"> </span>oprocentowanie <span class=\"_ _1\"> </span>wyemitowanych <span class=\"_ _0\"></span>obligacji. Pozycj\u0119 zabezpi<span class=\"_ _3\"></span>eczaj\u0105c\u0105 otwart\u0105 na<span class=\"_ _3\"></span> dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2022 r. oraz 31 <span class=\"_ _3\"></span>grudnia 2021 r. <span class=\"_ _3\"></span>prezentuje tabela w Nocie 7.5.1.3.<span class=\"_ _3\"></span> Poni\u017csza <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>abela <span class=\"_ _58\"> </span>prezentuje <span class=\"_ _74\"> </span>analiz\u0119  wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci  Gr<span class=\"_ _3\"></span>upy  Kapi<span class=\"_ _3\"></span>ta\u0142owej  na <span class=\"_ _74\"> </span>ryzyko  zmiany <span class=\"_ _74\"> </span>st\u00f3p <span class=\"_ _74\"> </span>procentowych,  zak<span class=\"_ _3\"></span>\u0142adaj\u0105c\u0105 zmiany <span class=\"_ _5a\"> </span>st\u00f3p <span class=\"_ _54\"> </span>procentowych <span class=\"_ _5a\"> </span>dla <span class=\"_ _54\"> </span>pozycji <span class=\"_ _5a\"> </span>bilansowych <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>PLN, <span class=\"_ _54\"> </span>USD <span class=\"_ _54\"> </span>i <span class=\"_ _5a\"> </span>EUR <span class=\"_ _54\"> </span>(p<span class=\"_ _3\"></span>odane <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>punktach <span class=\"_ _54\"> </span>bazowych <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _54\"> </span>pb).<span class=\"_ _3\"></span> Do wyznaczenia <span class=\"_ _74\"> </span>zakresu  potencja<span class=\"_ _3\"></span>lnych  zmian <span class=\"_ _74\"> </span>st\u00f3p  procent<span class=\"_ _3\"></span>owych  zastosowan<span class=\"_ _3\"></span>o  metod<span class=\"_ _3\"></span>\u0119  eksper<span class=\"_ _3\"></span>ck\u0105  z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem wskaza\u0144 modelu AR<span class=\"_ _3\"></span>MA. 31.12.2022<span class=\"_ _3\"></span> zmiana st\u00f3<span class=\"_ _3\"></span>p procentowyc<span class=\"_ _3\"></span>h 31.12.2021<span class=\"_ _3\"></span> zmiana st\u00f3<span class=\"_ _3\"></span>p procentowyc<span class=\"_ _3\"></span>h +150 pb (PLN, USD, E<span class=\"_ _3\"></span>UR) -100 pb  (PLN, USD, E<span class=\"_ _3\"></span>UR) +250 pb (P<span class=\"_ _3\"></span>LN)  +150 pb (U<span class=\"_ _3\"></span>SD, EUR)-100 pb (P<span class=\"_ _3\"></span>LN)  -50 pb (US<span class=\"_ _3\"></span>D, EUR) wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>\u015arodki pieni\u0119<span class=\"_ _3\"></span>\u017cne <span class=\"_ _7b\"> </span> 18-(12)-32-(11)-Zobowi\u0105zanie <span class=\"_ _3\"></span>z tytu\u0142u zad\u0142u<span class=\"_ _3\"></span>\u017cenia (40)-27-(54)-21-Pochodne i<span class=\"_ _3\"></span>nstrumenty finansowe <span class=\"_ _3\"></span>\u2013 stopa proce<span class=\"_ _3\"></span>ntowa -<span class=\"_ _192\"> </span>134<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(97)<span class=\"_ _192\"> </span>-186-(66)Zobowi\u0105zania <span class=\"_ _3\"></span>podobne<span class=\"ff1 fc2\"> </span>--------Wp\u0142yw na <span class=\"_ _3\"></span>wynik finansow<span class=\"_ _3\"></span>y (22)-15-(22)-10-Wp\u0142yw na p<span class=\"_ _3\"></span>ozosta\u0142e ca\u0142<span class=\"_ _3\"></span>kowite dochody<span class=\"_ _3\"></span> 134(97)-186-(66)Wp\u0142yw refor<span class=\"_ _3\"></span>my stawek <span class=\"_ _3\"></span>referencyjnyc<span class=\"_ _3\"></span>hGrupa <span class=\"_ _54\"> </span>korzysta <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>instrum<span class=\"_ _3\"></span>ent\u00f3w <span class=\"_ _54\"> </span>finansowych <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>partych <span class=\"_ _54\"> </span>o <span class=\"_ _54\"> </span>zmienne <span class=\"_ _54\"> </span>stopy <span class=\"_ _54\"> </span>pro<span class=\"_ _3\"></span>centowe, <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>podlegaj\u0105 <span class=\"_ _54\"> </span>ref<span class=\"_ _3\"></span>ormie wska\u017anik\u00f3w referencyjnych. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>wyniku reformy <span class=\"_ _2\"></span>zaprzestano <span class=\"_ _2\"></span>publika<span class=\"_ _3\"></span>cji <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _2\"></span>stawek <span class=\"_ _2\"></span>IBOR <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>stycznia 2022 <span class=\"_ _2\"></span>r., <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>kolejne przestan\u0105 by\u0107 pub<span class=\"_ _3\"></span>likowane z dniem <span class=\"_ _3\"></span>30 czerwca 2023<span class=\"_ _3\"></span> r. Grupa zidentyfikowa\u0142a um<span class=\"_ _3\"></span>owy, w kt\u00f3rych znajduj\u0105 si\u0119 zapisy oparte o stawk\u0119 LIBOR i kt\u00f3re uleg<span class=\"_ _3\"></span>n\u0105 zmianie po zast\u0105pieniu stawki <span class=\"_ _53\"></span>referencyjnej. <span class=\"_ _53\"></span>S\u0105 <span class=\"_ _53\"></span>to <span class=\"_ _53\"></span>przede <span class=\"_ _53\"></span>wszystkim <span class=\"_ _53\"></span>umowy <span class=\"_ _53\"></span>fi<span class=\"_ _2\"></span>nansowa<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>zewn\u0119trznego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>umowy <span class=\"_ _53\"></span>fakto<span class=\"_ _2\"></span>ringowe. <span class=\"_ _2\"></span> W <span class=\"_ _0\"></span>2022<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r. cz\u0119\u015b\u0107 <span class=\"_ _1\"> </span>um\u00f3w <span class=\"_ _0\"></span>finansowania <span class=\"_ _0\"> </span>bilateralnego <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _0\"></span>aneksowana <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>celu <span class=\"_ _1\"> </span>wprowadzenia<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>stawki <span class=\"_ _0\"></span>SOFR <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>CME <span class=\"_ _0\"> </span>TERM <span class=\"_ _1\"> </span>SOFR. Z pozosta\u0142ymi <span class=\"_ _67\"> </span>instytucjami <span class=\"_ _67\"> </span>finansowymi <span class=\"_ _69\"> </span>prowadzone <span class=\"_ _67\"> </span>s\u0105 <span class=\"_ _69\"> </span>negocjacje <span class=\"_ _69\"> </span>maj\u0105ce <span class=\"_ _67\"> </span>na <span class=\"_ _69\"> </span>celu <span class=\"_ _69\"> </span>zast\u0105pienie <span class=\"_ _67\"> </span>stopy <span class=\"_ _69\"> </span>LIBOR alternatywnym wska\u017aniki<span class=\"_ _3\"></span>em.<span class=\"_ _192\"> </span>Dnia <span class=\"_ _74\"> </span>7 <span class=\"_ _74\"> </span>lipca <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r.  z<span class=\"_ _3\"></span>osta\u0142a <span class=\"_ _58\"> </span>przyj\u0119ta <span class=\"_ _74\"> </span>ustawa <span class=\"_ _74\"> </span>o <span class=\"_ _74\"> </span>crowdfundingu <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>biznesu  i <span class=\"_ _1\"> </span>wsparciu <span class=\"_ _74\"> </span>kredytobiorc\u00f3w, <span class=\"_ _74\"> </span>kt\u00f3ra <span class=\"_ _74\"> </span>stanowi fundament <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>wska\u017anika <span class=\"_ _0\"></span>WIBOR <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>WIBID <span class=\"_ _1\"> </span>maj\u0105cych <span class=\"_ _0\"></span>zastosowanie <span class=\"_ _0\"></span>dla <span class=\"_ _0\"> </span>inst<span class=\"_ _2\"></span>rument\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span>. <span class=\"_ _0\"> </span>W <span class=\"_ _1\"> </span>nast\u0119pstwie zmian <span class=\"_ _59\"> </span>legislacyjnych <span class=\"_ _57\"> </span>we <span class=\"_ _59\"> </span>wrze\u015bniu <span class=\"_ _59\"> </span>2022 <span class=\"_ _57\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>Komitet <span class=\"_ _59\"> </span>Steruj\u0105cy <span class=\"_ _57\"> </span>N<span class=\"_ _2\"></span>arodowej <span class=\"_ _59\"> </span>Grupy <span class=\"_ _57\"> </span>Roboczej <span class=\"_ _59\"> </span>ds. <span class=\"_ _59\"> </span>reformy <span class=\"_ _59\"> </span>wska\u017anik\u00f3w<span class=\"_ _3\"></span> referencyjnych <span class=\"_ _57\"> </span>wskaza\u0142 <span class=\"_ _59\"> </span>W<span class=\"_ _3\"></span>IRON <span class=\"_ _59\"> </span>jako <span class=\"_ _57\"> </span>docelowy <span class=\"_ _59\"> </span>ind<span class=\"_ _3\"></span>eks <span class=\"_ _59\"> </span>typu <span class=\"_ _57\"> </span>Risk-Free <span class=\"_ _59\"> </span>Rat<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>(RFR) <span class=\"_ _57\"> </span>dla <span class=\"_ _59\"> </span>polski<span class=\"_ _3\"></span>ego <span class=\"_ _59\"> </span>rynku <span class=\"_ _57\"> </span>finansowego. Szczeg\u00f3\u0142y <span class=\"_ _5e\"> </span>dotycz\u0105ce <span class=\"_ _5e\"> </span>zast\u0105pienia <span class=\"_ _5e\"> </span>obowi\u0105zuj\u0105cych <span class=\"_ _5e\"> </span>wska\u017anik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5e\"> </span>alte<span class=\"_ _2\"></span>rnatywnym <span class=\"_ _5e\"> </span>zostan\u0105<span class=\"_ _3\"></span> <span class=\"_ _67\"> </span>op<span class=\"_ _3\"></span>ublikowane <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span>2023<span class=\"_ _3\"></span> <span class=\"_ _5e\"> </span>r., a publikacja starych s<span class=\"_ _3\"></span>tawek WIBOR oraz<span class=\"_ _3\"></span> WIBID zako\u0144czy si\u0119 w 2<span class=\"_ _3\"></span>025 r. Do <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>reforma <span class=\"_ _2\"></span>IBOR <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>b\u0119dzie <span class=\"_ _2\"></span>mia\u0142a <span class=\"_ _2\"></span>tak\u017ce <span class=\"_ _2\"></span>wp\u0142ywu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>stop\u0119 <span class=\"_ _2\"></span>procentow\u0105 <span class=\"_ _2\"></span>wykorzystywan\u0105 w <span class=\"_ _2\"></span>zakresie <span class=\"_ _2\"></span>inst<span class=\"_ _2\"></span>rument<span class=\"_ _3\"></span>\u00f3w pochodnych <span class=\"_ _5a\"> </span>Grupy, <span class=\"_ _54\"> </span>poniewa\u017c <span class=\"_ _5a\"> </span>zawarte <span class=\"_ _54\"> </span>transakcje <span class=\"_ _54\"> </span>CIRS <span class=\"_ _5a\"> </span>(otwarte <span class=\"_ _54\"> </span>transakcj<span class=\"_ _3\"></span>e <span class=\"_ _54\"> </span>swapa <span class=\"_ _5a\"> </span>walutowo-procentowego) <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>raz wyemitowane <span class=\"_ _1\"> </span>przez <span class=\"_ _74\"> </span>Grup\u0119 <span class=\"_ _74\"> </span>obligacje <span class=\"_ _74\"> </span>s\u0105 <span class=\"_ _74\"> </span>oparte <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>wska\u017aniku <span class=\"_ _1\"> </span>referencyjnym <span class=\"_ _74\"> </span>WIBOR. <span class=\"_ _74\"> </span>W <span class=\"_ _74\"> </span>przypadku <span class=\"_ _1\"> </span>tego  b<span class=\"_ _3\"></span>enchmarku,<span class=\"_ _3\"></span> do 2025 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>znajdujemy <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresie <span class=\"_ _2\"></span>przej\u015bciowym, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kt\u00f3rym <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>b\u0119d\u0105 <span class=\"_ _53\"></span>wymagane dostosowania <span class=\"_ _2\"></span>dla <span class=\"_ _2\"></span>transakcji <span class=\"_ _2\"></span>zawartych przed  reform\u0105.  Po  2025  r.  reforma  IBOR  mo\u017ce  mie\u0107  wp\u0142yw  na  zabezpieczenie  przep\u0142yw\u00f3w<span class=\"_ _3\"></span>  pieni\u0119\u017cnych  zmiennych<span class=\"_ _3\"></span> odsetek <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>wyemitowanych obligacji <span class=\"_ _2\"></span>(Transza <span class=\"_ _2\"></span>B) <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>wysoko\u015bci <span class=\"_ _53\"></span>1,6 mld <span class=\"_ _2\"></span>PLN, <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>WIBOR <span class=\"_ _2\"></span>6M, <span class=\"_ _2\"></span>tj. <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>transakcje <span class=\"_ _2\"></span>CIRS (swap <span class=\"_ _2\"></span>walutowo-procentowy) z <span class=\"_ _53\"></span>terminem <span class=\"_ _2\"></span>realizacji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>2029 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>Grupa <span class=\"_ _2\"></span>zastosowa\u0142a <span class=\"_ _2\"></span>tymczasowe <span class=\"_ _2\"></span>odst\u0119pstwa o<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>stosowania szczeg\u00f3lnych <span class=\"_ _53\"></span>wymog\u00f3w <span class=\"_ _2\"></span>rachunkowo\u015bci <span class=\"_ _53\"></span>zabezpiecze\u0144 <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>MSSF <span class=\"_ _2\"></span>9 <span class=\"_ _0\"></span>w <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>refo<span class=\"_ _2\"></span>rm\u0105 <span class=\"_ _53\"></span>IBOR <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>przyj\u0119\u0142a <span class=\"_ _53\"></span>za\u0142o\u017cenie, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _0\"></span>mo\u017ce<span class=\"_ _3\"></span> kontynuowa\u0107 <span class=\"_ _53\"></span>powi\u0105zania <span class=\"_ _53\"></span>zabezpieczaj\u0105ce. <span class=\"_ _53\"></span>Kwoty <span class=\"_ _0\"></span>nominalne <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>zabezpieczaj\u0105cych <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _53\"></span>stosowane <span class=\"_ _53\"></span>s\u0105 te odst\u0119pstwa ujawn<span class=\"_ _3\"></span>ione s\u0105 w tabeli p<span class=\"_ _3\"></span>oni\u017cej.<span class=\"_ _192\"> </span>Na  dzie\u0144  31grudnia  2022  r. <span class=\"_ _146\"> </span>Grupa  o<span class=\"_ _2\"></span>szacowa\u0142a,  \u017ce  wp\u0142yw  reformy  IBOR  na  sprawozdanie  finansowe  Grupy  b\u0119dzie nieistotny. Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>posiada\u0142a <span class=\"_ _2\"></span>instrumenty <span class=\"_ _2\"></span>finansowe <span class=\"_ _2\"></span>oparte <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>zmiennych <span class=\"_ _2\"></span>stopach <span class=\"_ _2\"></span>procentowych, <span class=\"_ _2\"></span>kt\u00f3re nie zosta\u0142y jeszcz<span class=\"_ _3\"></span>e zast\u0105pione wska\u017an<span class=\"_ _3\"></span>ikami alternatywnymi.<span class=\"_ _192\"> </span>Typ instrumentu fin<span class=\"_ _3\"></span>ansowego<span class=\"fc0\"> </span>Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa<span class=\"_ _192\"> </span>na 31.12.2022 Kredyty USD LIBOR 1M<span class=\"_ _3\"></span> (528)<span class=\"_ _192\"> </span>WIBOR 1<span class=\"_ _192\"> </span>(63)<span class=\"_ _192\"> </span>D\u0142u\u017cne papiery wart<span class=\"_ _3\"></span>o\u015bciowe WIBOR 6M (2 002)<span class=\"_ _192\"> </span>Faktoring d\u0142u\u017cny<span class=\"_ _3\"></span><span class=\"ff1\"> </span>WIBOR 6M (18)<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe<span class=\"_ _192\"> </span>(CIRS na 2029<span class=\"_ _3\"></span> r., 1 600 mln<span class=\"_ _3\"></span> PLN) WIBOR 6M (198)<span class=\"_ _192\"> </span>Razem<span class=\"fc0\"> </span>(2 809)<span class=\"_ _192\"> </span>Nota 7.5.1.5 Wp<span class=\"_ _3\"></span>\u0142yw stosowani<span class=\"_ _3\"></span>a rachunkowo\u015bci <span class=\"_ _3\"></span>zabezpiecze\u0144 <span class=\"_ _3\"></span>na sprawozdanie fi<span class=\"_ _3\"></span>nansowe Poni\u017csza <span class=\"_ _2\"></span>tabela <span class=\"_ _2\"></span>zawiera <span class=\"_ _2\"></span>informacje <span class=\"_ _53\"></span>dotycz\u0105ce zmian <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _2\"></span>instrument\u00f3w <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>koresponduj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>nimi <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _2\"></span>pozycji <span class=\"_ _2\"></span>zabezpieczanych w <span class=\"_ _53\"></span>okresie <span class=\"_ _2\"></span>sprawozdawczy<span class=\"_ _3\"></span>m, b\u0119d\u0105ce podstaw\u0105 <span class=\"_ _3\"></span>do uj\u0119cia cz<span class=\"_ _3\"></span>\u0119\u015bci efektywnej i ni<span class=\"_ _3\"></span>eefektywnej zmi<span class=\"_ _3\"></span>any warto\u015bci g<span class=\"_ _3\"></span>odziwej instrum<span class=\"_ _3\"></span>ent\u00f3w zabezpieczaj\u0105c<span class=\"_ _3\"></span>ych w latach<span class=\"_ _3\"></span> 2021-2022 <span class=\"_ _3\"></span>(bez uwzgl\u0119dniania <span class=\"_ _3\"></span>efektu podatkoweg<span class=\"_ _3\"></span>o). W <span class=\"_ _5a\"> </span>powi\u0105zaniach <span class=\"_ _59\"> </span>zabezpieczaj\u0105<span class=\"_ _3\"></span>cych <span class=\"_ _5a\"> </span>jako <span class=\"_ _59\"> </span>instrument <span class=\"_ _5a\"> </span>zabezpie<span class=\"_ _3\"></span>czaj\u0105cy <span class=\"_ _5a\"> </span>jest <span class=\"_ _59\"> </span>wyznaczona <span class=\"_ _5a\"> </span>wy\u0142\u0105c<span class=\"_ _3\"></span>znie <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>wewn\u0119trzna <span class=\"_ _5a\"> </span>opcj<span class=\"_ _3\"></span>i. <span class=\"_ _5a\"> </span>Warto\u015b\u0107 <span class=\"_ _5a\"> </span>czas<span class=\"_ _3\"></span>owa <span class=\"_ _5a\"> </span>zbiega <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>zera <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>horyzoncie <span class=\"_ _5a\"> </span>powi\u0105za<span class=\"_ _3\"></span>nia zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go.  Nieefektywn<span class=\"_ _3\"></span>o\u015b\u0107 zabezpiecz<span class=\"_ _3\"></span>enia uj\u0119ta w rach<span class=\"_ _3\"></span>unku wynik\u00f3w w <span class=\"_ _3\"></span>okresach sprawozdawcz<span class=\"_ _3\"></span>ych 2021 <span class=\"_ _3\"></span>\u2013 2022 by\u0142a nieist<span class=\"_ _3\"></span>otna. Stan na 31.12.202<span class=\"_ _2\"></span>2od 01.01.2022do 31.12.2022od 01.01.2022do 31.12.2022Stan na 31.12.202<span class=\"_ _2\"></span>1od 01.01.2021do 31.12.2021od 01.01.2021do 31.12.2021Saldo pozosta\u0142ych c<span class=\"_ _2\"></span>a\u0142kowitych doc<span class=\"_ _2\"></span>hod\u00f3w z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia przep\u0142yw\u00f3<span class=\"_ _2\"></span>w pieni\u0119\u017cnych dla powi\u0105<span class=\"_ _2\"></span>za\u0144Zmiana warto\u015bci pozycji zabezpieczanej Saldo pozosta\u0142ych c<span class=\"_ _2\"></span>a\u0142kowitych doc<span class=\"_ _2\"></span>hod\u00f3w z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia przep\u0142yw\u00f3<span class=\"_ _2\"></span>w pieni\u0119\u017cnych dla powi\u0105<span class=\"_ _2\"></span>za\u0144typ pow<span class=\"_ _2\"></span>i\u0105zania  typ ryzyka  typ instru<span class=\"_ _2\"></span>mentu \u2013 pozycji za<span class=\"_ _2\"></span>bezpieczanejpozostaj\u0105cych w rachunkowo\u015bci zabezpiecze\u0144<span class=\"_ _192\"> </span>dla kt\u00f3rych zaprzestano stosowa\u0107 rachunkowo\u015b\u0107 zabezpiecze\u0144<span class=\"_ _192\"> </span>Zmiana warto\u015bci instrumentu zabezpieczaj\u0105cego pozostaj\u0105cych w rachunkowo\u015bci zabezpiecze\u0144<span class=\"_ _192\"> </span>dla kt\u00f3rych zaprzestano stosowa\u0107 rachunkowo\u015b\u0107 zabezpiecze\u0144<span class=\"_ _192\"> </span>Zmiana warto\u015bci pozycji zabezpieczanejZmiana warto\u015bci instrumentu zabezpieczaj\u0105cegoZabezpieczenie pr<span class=\"_ _2\"></span>zep\u0142yw\u00f3w pieni\u0119<span class=\"_ _2\"></span>\u017cnych<span class=\"fc0\"> </span>Ryzyko towarowe<span class=\"_ _2\"></span> (mied\u017a) Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy (21)<span class=\"_ _192\"> </span>(11)<span class=\"_ _192\"> </span>(327)<span class=\"_ _192\"> </span>255<span class=\"_ _192\"> </span>(1 357)-979(981)warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 152<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>325<span class=\"_ _192\"> </span>(1 027)--(976)warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> (173)<span class=\"_ _192\"> </span>(11)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(70)<span class=\"_ _192\"> </span>(330)--(5)Ryzyko towarowe<span class=\"_ _2\"></span> (srebro)<span class=\"fc0\"> </span>Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy<span class=\"ff1\"> </span>19<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>16<span class=\"_ _192\"> </span>(21)<span class=\"_ _192\"> </span>9215(172)14warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 30<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(16)<span class=\"_ _192\"> </span>16312-172warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> (11)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(5)<span class=\"_ _192\"> </span>(71)3-(158)Ryzyko walutowe (U<span class=\"_ _2\"></span>SD)<span class=\"ff2 fc0\"> </span>Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy 402<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(183)<span class=\"_ _192\"> </span>403<span class=\"_ _192\"> </span>(1)-115(192)warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 193<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>182<span class=\"_ _192\"> </span>23--(114)warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> 209<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>221<span class=\"_ _192\"> </span>(24)--(78)Po\u017cyczki \u2013 Przych<span class=\"_ _2\"></span>ody ze sprzeda\u017cy<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>(64)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-(80)--warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna -<span class=\"_ _192\"> </span>(64)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-(80)--Ryzyko walutowe i st<span class=\"_ _2\"></span>opy procent<span class=\"_ _2\"></span>owej Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy (569)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>154<span class=\"_ _192\"> </span>(137)<span class=\"_ _192\"> </span>(431)-406(371)warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna (569)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(137)<span class=\"_ _192\"> </span>(431)--(371)Opcje \u2013 Przychod<span class=\"_ _2\"></span>y/koszty finansowe<span class=\"_ _2\"></span> 315<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(181)<span class=\"_ _192\"> </span>152<span class=\"_ _192\"> </span>162-(332)300warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 315<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>152<span class=\"_ _192\"> </span>162--300Razem, w tym:<span class=\"_ _2\"></span> 146<span class=\"_ _192\"> </span>(75)<span class=\"_ _192\"> </span>(521)<span class=\"_ _192\"> </span>652<span class=\"_ _192\"> </span>(1 535)(65)996(1 230)Razem warto\u015b\u0107<span class=\"_ _2\"></span> wewn\u0119trzna 121<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>506<span class=\"_ _192\"> </span>(1 110)(68)-(989)Razem warto\u015b\u0107<span class=\"_ _2\"></span> czasowa 25<span class=\"_ _192\"> </span>(75)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>146<span class=\"_ _192\"> </span>(425)3-(241)Poni\u017csza tabela za<span class=\"_ _3\"></span>wiera informa<span class=\"_ _3\"></span>cje dotycz\u0105ce  wp\u0142<span class=\"_ _3\"></span>ywu stosowania<span class=\"_ _3\"></span> rachunkowo\u015bci zab<span class=\"_ _3\"></span>ezpiecze\u0144 na <span class=\"_ _3\"></span>rachunek wynik\u00f3w oraz<span class=\"_ _3\"></span> pozosta\u0142e ca\u0142kow<span class=\"_ _3\"></span>ite dochody (bez uw<span class=\"_ _3\"></span>zgl\u0119dniania efek<span class=\"_ _3\"></span>tu podatkow<span class=\"_ _3\"></span>ego). od 01.01.20<span class=\"_ _3\"></span>22 do 31.12.2<span class=\"_ _3\"></span>022 od 01.01.20<span class=\"_ _3\"></span>21 do 31.12.2<span class=\"_ _3\"></span>021typ pow<span class=\"_ _2\"></span>i\u0105zania  typ ryzyka  typ instru<span class=\"_ _2\"></span>mentu<span class=\"ff2\"> <span class=\"_ _ea\"> </span></span> Zyski lub (straty)<span class=\"_ _2\"></span> z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zeniauj\u0119te w pozosta\u0142yc<span class=\"_ _2\"></span>h ca\u0142kowitych dochod<span class=\"_ _2\"></span>achKwota przeklasy<span class=\"_ _2\"></span>fikowana z pozost<span class=\"_ _2\"></span>a\u0142ych ca\u0142kowitych dochod<span class=\"_ _2\"></span>\u00f3w do sprawoz<span class=\"_ _2\"></span>dania z wyniku jako kor<span class=\"_ _2\"></span>ekta z tytu\u0142u przeklasyfikowani<span class=\"_ _2\"></span>a, ze wzgl\u0119du n<span class=\"_ _2\"></span>a realizacj\u0119 pozycji zabezpiec<span class=\"_ _2\"></span>zanej w okresieZyski lub (straty)<span class=\"_ _2\"></span> z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zeniauj\u0119te w pozosta\u0142yc<span class=\"_ _2\"></span>h ca\u0142kowitych dochod<span class=\"_ _2\"></span>achKwota przeklasy<span class=\"_ _2\"></span>fikowana z pozosta\u0142ych ca\u0142kowi<span class=\"_ _2\"></span>tych dochod<span class=\"_ _2\"></span>\u00f3w do sprawozdania z<span class=\"_ _2\"></span> wyniku jako ko<span class=\"_ _2\"></span>rekta z tytu\u0142u przeklasyfikow<span class=\"_ _2\"></span>ania, ze wzgl<span class=\"_ _2\"></span>\u0119du na realizacj\u0119 pozycj<span class=\"_ _2\"></span>i zabezpieczan<span class=\"_ _2\"></span>ej w okresieZabezpieczenie p<span class=\"_ _3\"></span>rzep\u0142yw\u00f3w pi<span class=\"_ _3\"></span>eni\u0119\u017cnych<span class=\"fc0\"> </span>Ryzyko towar<span class=\"_ _3\"></span>owe (mied\u017a)Opcje *800(525)(2 047)(1 903)Ryzyko towar<span class=\"_ _3\"></span>owe (srebro)Opcje *26114(11)(30)Ryzykowalutowe <span class=\"_ _3\"></span>(USD)Opcje *357(46)(260)(72)Po\u017cyczki **-(16)-(16)Ryzyko walut<span class=\"_ _3\"></span>owe i stopy proc<span class=\"_ _3\"></span>entowej CIRS ***5641(113)(43)Razem1 239(432)(2 431)(2 064)Pozycja w sp<span class=\"_ _2\"></span>rawozdaniu<span class=\"_ _2\"></span> z wyniku, kt\u00f3ra zawie<span class=\"_ _2\"></span>ra korekt\u0119 z tytu\u0142<span class=\"_ _2\"></span>u przeklasyfikowa<span class=\"_ _2\"></span>nia: * <span class=\"_ _14a\"> </span>przychod<span class=\"_ _2\"></span>y z um\u00f3w z klien<span class=\"_ _2\"></span>tami, pozosta\u0142e przych<span class=\"_ _2\"></span>ody i (koszty) o<span class=\"_ _2\"></span>peracyjne, **  <span class=\"_ _14b\"> </span>przychod<span class=\"_ _2\"></span>y z um\u00f3w z klien<span class=\"_ _2\"></span>tami, *** <span class=\"_ _65\"> </span>przychody<span class=\"_ _2\"></span> z um\u00f3w z klienta<span class=\"_ _2\"></span>mi, pozosta\u0142e przycho<span class=\"_ _2\"></span>dy i (koszty) fina<span class=\"_ _2\"></span>nsowe. Poni\u017csza <span class=\"_ _53\"></span>tabela <span class=\"_ _53\"></span>zawiera <span class=\"_ _2\"></span>informacje <span class=\"_ _53\"></span>dotycz\u0105ce <span class=\"_ _53\"></span>zmian <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>zosta\u0142ych <span class=\"_ _53\"></span>ca\u0142kow<span class=\"_ _3\"></span>itych <span class=\"_ _53\"></span>dochod\u00f3w <span class=\"_ _53\"></span>(bez <span class=\"_ _2\"></span>uwzgl\u0119dnienia <span class=\"_ _53\"></span>efektu <span class=\"_ _53\"></span>podatkoweg<span class=\"_ _3\"></span>o) <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>okresi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _53\"></span>ze stosowaniem <span class=\"_ _53\"></span>rachunk<span class=\"_ _3\"></span>owo\u015bci zabezpiecze\u0144 w <span class=\"_ _3\"></span>2021 i 20<span class=\"_ _3\"></span>22 r. 2022 2021<span class=\"ff2 fc0\"> </span>Pozosta\u0142e ca\u0142k<span class=\"_ _3\"></span>owite dochody z<span class=\"_ _3\"></span> tytu\u0142u zabezpieczeni<span class=\"_ _3\"></span>a przep\u0142yw\u00f3w pi<span class=\"_ _3\"></span>eni\u0119\u017cnychKwoty efektywne*Koszt zabezpiecze<span class=\"_ _2\"></span>nia**RazemKwoty efektywne*Koszt zabezpiecze<span class=\"_ _2\"></span>nia**RazemPozosta\u0142e ca\u0142kow<span class=\"_ _2\"></span>ite dochody \u2013 tra<span class=\"_ _2\"></span>nsakcje zabezpiecz<span class=\"_ _2\"></span>aj\u0105ce ryzyko zmian c<span class=\"_ _2\"></span>en towar\u00f3w i wal<span class=\"_ _2\"></span>utowe<span class=\"fc0\"> </span>\u2013 na 1 s<span class=\"_ _2\"></span>tycznia  <span class=\"_ _ca\"> </span>(1 178)(422) <span class=\"_ _143\"> </span>(1 600) <span class=\"_ _be\"> </span><span class=\"fc0\">(735)</span>(498) <span class=\"_ _cd\"> </span>(1 233)Wp\u0142yw wyceny tr<span class=\"_ _2\"></span>ansakcji zabezpiec<span class=\"_ _2\"></span>zaj\u0105cych (cz\u0119\u015b<span class=\"_ _2\"></span>\u0107 skuteczna) <span class=\"_ _13a\"> </span> <span class=\"_ _a5\"> </span>1 12<span class=\"_ _2\"></span>4115 <span class=\"_ _e2\"> </span>1 239(2 128)(303) <span class=\"_ _143\"> </span>(2 431)Reklasyfikacja do r<span class=\"_ _2\"></span>achunku wynik\u00f3w <span class=\"_ _2\"></span>w zwi\u0105zku z realizacj<span class=\"_ _2\"></span>\u0105 pozycji zabezpie<span class=\"_ _2\"></span>czanej  <span class=\"_ _75\"> </span>122310 <span class=\"_ _119\"> </span>4321 685379 <span class=\"_ _3b\"> </span>2 064Pozosta\u0142e ca\u0142kow<span class=\"_ _2\"></span>ite dochody \u2013 tra<span class=\"_ _2\"></span>nsakcje zabezpiecz<span class=\"_ _2\"></span>aj\u0105ce ryzyko zmian c<span class=\"_ _2\"></span>en towar\u00f3w i wal<span class=\"_ _2\"></span>utowe \u2013 na 31 grud<span class=\"_ _2\"></span>nia<span class=\"ff2 fc0\"> </span>683 <span class=\"_ _c9\"> </span>71(1 178)(422)<span class=\"ff2\"> <span class=\"_ _cd\"> </span></span>(1 600)* Cz\u0119\u015b\u0107 efektywn<span class=\"_ _2\"></span>ej zmiany w<span class=\"_ _2\"></span>arto\u015bci godziwe<span class=\"_ _2\"></span>j instrument\u00f3w z<span class=\"_ _2\"></span>abezpieczaj\u0105<span class=\"_ _2\"></span>cych z tytu\u0142u zabezp<span class=\"_ _2\"></span>ieczanego ryzyka - wart<span class=\"_ _2\"></span>o\u015b\u0107 wewn\u0119trzn<span class=\"_ _2\"></span>a opcji. **  Warto\u015b\u0107 czaso<span class=\"_ _2\"></span>wa opcji + mar\u017c<span class=\"_ _2\"></span>a CCBS Cross Curren<span class=\"_ _2\"></span>cy Basis Swap.Nota 7.5.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe Ryzyko <span class=\"_ _53\"></span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>rozumiane <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>mo\u017cliw<span class=\"_ _3\"></span>o\u015b\u0107 <span class=\"_ _53\"></span>niewywi\u0105zania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _53\"></span>d\u0142u\u017cnik\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>zobowi\u0105za\u0144<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>jest zwi\u0105zane z trz<span class=\"_ _3\"></span>ema g\u0142\u00f3wnymi obsza<span class=\"_ _3\"></span>rami: wiarygodno\u015bci\u0105 kred<span class=\"_ _3\"></span>ytow\u0105 klient\u00f3w, z<span class=\"_ _3\"></span> kt\u00f3rymi zawiera si\u0119 transa<span class=\"_ _3\"></span>kcje fizycznej sprz<span class=\"_ _3\"></span>eda\u017cy produkt\u00f3<span class=\"_ _3\"></span>w, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">wiarygodn<span class=\"_ _3\"></span>o\u015bci\u0105 <span class=\"_ _54\"> </span>kredytow\u0105 <span class=\"_ _5a\"> </span>instytucji <span class=\"_ _54\"> </span>finansowych <span class=\"_ _5a\"> </span>(bank\u00f3w/broker\u00f3w), <span class=\"_ _5a\"> </span>z kt\u00f3rymi <span class=\"_ _54\"> </span>zawiera <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>transakcje </span></span>zabezpieczaj\u0105ce <span class=\"_ _0\"></span>lub <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _0\"> </span>po\u015brednicz\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>zawieraniu, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>tak\u017ce <span class=\"_ _0\"></span>tych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _0\"></span>lokowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _0\"></span>wolne <span class=\"_ _1\"> </span>\u015brodki pieni\u0119\u017cne, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kondycj\u0105 finans<span class=\"_ _3\"></span>ow\u0105 sp\u00f3\u0142ek zale\u017c<span class=\"_ _3\"></span>nych \u2013 po\u017cyczkobi<span class=\"_ _3\"></span>orc\u00f3w. </span></span>W uj\u0119ciu szczeg<span class=\"_ _3\"></span>\u00f3\u0142owym \u017ar\u00f3d\u0142a ek<span class=\"_ _3\"></span>spozycji na ryzyko kredyt<span class=\"_ _3\"></span>owe stanowi\u0105:  \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">\u015brodki pieni\u0119\u017cn<span class=\"_ _3\"></span>e i lokaty bank<span class=\"_ _3\"></span>owe, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">instrumenty p<span class=\"_ _3\"></span>ochodne, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone p<span class=\"_ _3\"></span>o\u017cyczki (Nota 6.2),<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone gwa<span class=\"_ _3\"></span>rancje i por\u0119czeni<span class=\"_ _3\"></span>a (Nota 8.6), </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">pozosta\u0142e akt<span class=\"_ _3\"></span>ywa finansowe. </span></span>Nota 7.5.2.1 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane ze \u015brodkami pi<span class=\"_ _3\"></span>eni\u0119\u017cnymi i lokatami <span class=\"_ _3\"></span>bankowymi Grupa  Kapita\u0142owa <span class=\"_ _74\"> </span>alokuje  okresowo  woln<span class=\"_ _3\"></span>e  \u015brodki  pieni<span class=\"_ _3\"></span>\u0119\u017cne  zgodnie  z <span class=\"_ _74\"> </span>wymogami  zachowania <span class=\"_ _74\"> </span>p\u0142<span class=\"_ _2\"></span>ynno\u015bci  finans<span class=\"_ _3\"></span>owej i ograniczoneg<span class=\"_ _3\"></span>o ryzyka oraz w celu <span class=\"_ _3\"></span>ochrony kapita\u0142u i maksyma<span class=\"_ _3\"></span>lizacji przychod\u00f3w <span class=\"_ _3\"></span>odsetkowych. Wed\u0142ug  stanu  na <span class=\"_ _74\"> </span>31 grudnia  2022 <span class=\"_ _74\"> </span>r.  \u0142\u0105czna  kwota  \u015brodk\u00f3w  p<span class=\"_ _3\"></span>ieni\u0119\u017cnych  w  ram<span class=\"_ _3\"></span>ach  wolnych  \u015brodk<span class=\"_ _3\"></span>\u00f3w  oraz  \u015brodk\u00f3w o ograniczonej mo\u017cliwo\u015bci <span class=\"_ _2\"></span>dysponowania w <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>soko\u015bci 1 195 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>utrzymywana <span class=\"_ _2\"></span>by\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach bankowych <span class=\"_ _2\"></span>oraz lokatach kr\u00f3tkotermin<span class=\"_ _3\"></span>owych (na 31 <span class=\"_ _3\"></span>grudnia 2021 r<span class=\"_ _3\"></span>. \u0142\u0105cznie 1 904 mln PLN). Wszystkie <span class=\"_ _2\"></span>podmioty, kt\u00f3rym <span class=\"_ _2\"></span>Grupa powierza <span class=\"_ _2\"></span>\u015brodki <span class=\"_ _2\"></span>pieni\u0119\u017cne, dzia\u0142aj\u0105 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>ktorz<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>finansowym. <span class=\"_ _2\"></span>Analiza ekspozycji <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ten rodzaj <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>wykaza\u0142a, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>wy\u0142\u0105cznie <span class=\"_ _2\"></span>banki <span class=\"_ _2\"></span>posiadaj\u0105ce <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>ziomie najwy\u017cszym, <span class=\"_ _2\"></span>\u015bredniowysokim <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>\u015brednim, a tak\u017ce <span class=\"_ _0\"> </span>dysponuj\u0105ce <span class=\"_ _1\"> </span>odpowiednim <span class=\"_ _0\"></span>kapita\u0142em <span class=\"_ _1\"> </span>w\u0142asnym <span class=\"_ _1\"> </span>oraz <span class=\"_ _0\"></span>siln\u0105 <span class=\"_ _1\"> </span>i ustabilizowan\u0105 <span class=\"_ _0\"></span>pozycj\u0105 <span class=\"_ _1\"> </span>rynkow\u0105. <span class=\"_ _1\"> </span>Ryzyko <span class=\"_ _0\"></span>kredytowe z tego <span class=\"_ _57\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>jest <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>przez <span class=\"_ _57\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _57\"> </span>weryfikacj\u0119 <span class=\"_ _57\"> </span>kondycji <span class=\"_ _59\"> </span>finan<span class=\"_ _3\"></span>sowej <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>utrzymywanie <span class=\"_ _57\"> </span>odpowiedni<span class=\"_ _3\"></span>o niskiego poziomu <span class=\"_ _3\"></span>koncentracji w <span class=\"_ _3\"></span>poszczeg\u00f3lnych instytucjac<span class=\"_ _3\"></span>h finansowych.<span class=\"_ _3\"></span> W <span class=\"_ _53\"></span>tabeli <span class=\"_ _0\"></span>poni\u017cej <span class=\"_ _53\"></span>zaprezent<span class=\"_ _3\"></span>owano <span class=\"_ _53\"></span>poziom <span class=\"_ _0\"></span>kon<span class=\"_ _3\"></span>centracji <span class=\"_ _53\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokat <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwzgl\u0119dnieniem <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej instytucji finans<span class=\"_ _3\"></span>owych*.  Poziom ratingu<span class=\"_ _3\"></span> Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Najwy\u017cszy <span class=\"_ _13c\"> </span>AAA do AA<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od <span class=\"_ _3\"></span>Aaa do Aa3 wg <span class=\"_ _3\"></span>Moody\u2019s 10%<span class=\"_ _192\"> </span>22%<span class=\"_ _192\"> </span>\u015aredniowysoki od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> 73%<span class=\"_ _192\"> </span>53%<span class=\"_ _192\"> </span>\u015aredni  <span class=\"_ _77\"> </span>od BBB+ do BBB<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od Baa<span class=\"_ _3\"></span>1 do Baa3 wg Moody<span class=\"_ _3\"></span>\u2019s 17%<span class=\"_ _192\"> </span>25%<span class=\"_ _192\"> </span>* Wa\u017cone kwot<span class=\"_ _2\"></span>\u0105 \u015brodk\u00f3w p<span class=\"_ _2\"></span>ieni\u0119\u017cnych<span class=\"_ _2\"></span> zdeponowan<span class=\"_ _2\"></span>ych na rachun<span class=\"_ _2\"></span>kach bie\u017c\u0105cych i l<span class=\"_ _2\"></span>okatach.<span class=\"_ _192\"> </span>Zasady rachunk<span class=\"_ _2\"></span>owo\u015bci Grupa <span class=\"_ _59\"> </span>ujmuje <span class=\"_ _57\"> </span>odpis <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>czekiwanych <span class=\"_ _57\"> </span>strat <span class=\"_ _59\"> </span>kredytowych <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>sk\u0142adnikach <span class=\"_ _59\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>finansowych <span class=\"_ _59\"> </span>wycenian<span class=\"_ _3\"></span>ych w zamortyzowanym <span class=\"_ _146\"> </span>koszcie. <span class=\"_ _59\"> </span>Ocz<span class=\"_ _3\"></span>ekiwane <span class=\"_ _57\"> </span>straty <span class=\"_ _59\"> </span>kredytowe <span class=\"_ _57\"> </span>s\u0105 <span class=\"_ _57\"> </span>to <span class=\"_ _59\"> </span>straty <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _146\"> </span>wa\u017cone<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>prawdopodobie\u0144stw<span class=\"_ _3\"></span>em wyst\u0105pienia <span class=\"_ _59\"> </span>niewykonania <span class=\"_ _59\"> </span>zob<span class=\"_ _3\"></span>owi\u0105zania. <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>stosuje <span class=\"_ _59\"> </span>nast\u0119puj\u0105ce <span class=\"_ _59\"> </span>modele <span class=\"_ _59\"> </span>wyznaczania <span class=\"_ _57\"> </span>odpis\u00f3w <span class=\"_ _59\"> </span>z tytu\u0142u <span class=\"_ _59\"> </span>utraty warto\u015bci: - model uproszczon<span class=\"_ _3\"></span>y \u2013 dla nale\u017cno\u015bci <span class=\"_ _3\"></span>od odbiorc\u00f3w, - model og\u00f3lny (p<span class=\"_ _3\"></span>odstawowy) \u2013 dla pozosta\u0142<span class=\"_ _3\"></span>ych aktyw\u00f3w finans<span class=\"_ _3\"></span>owych. W <span class=\"_ _53\"></span>modelu <span class=\"_ _53\"></span>og\u00f3lnym <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>monitoruje <span class=\"_ _2\"></span>zmiany <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _2\"></span>kredy<span class=\"_ _2\"></span>towego <span class=\"_ _2\"></span>zwi\u0105zanego <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>danym <span class=\"_ _53\"></span>sk\u0142adnikiem <span class=\"_ _53\"></span>aktyw\u00f3w<span class=\"_ _3\"></span> finansowych oraz klasyfikuj<span class=\"_ _3\"></span>e aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis<span class=\"_ _3\"></span>\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>  obserwacj\u0119  zmiany  po<span class=\"_ _2\"></span>ziomu  ryzyka  kredytowego  w <span class=\"_ _57\"> </span>stosunku  do <span class=\"_ _146\"> </span>poc<span class=\"_ _2\"></span>z\u0105tkow<span class=\"_ _3\"></span>ego <span class=\"_ _146\"> </span>uj\u0119cia  inst<span class=\"_ _2\"></span>rumentu.<span class=\"_ _3\"></span> W szczeg\u00f3lno\u015bci, <span class=\"_ _62\"> </span>monit<span class=\"_ _3\"></span>orowaniu <span class=\"_ _62\"> </span>podlega: <span class=\"_ _62\"> </span>rating <span class=\"_ _62\"> </span>kredytowy <span class=\"_ _62\"> </span>oraz <span class=\"_ _62\"> </span>sytuacja <span class=\"_ _62\"> </span>finansowa <span class=\"_ _62\"> </span>kontrahenta <span class=\"_ _62\"> </span>i <span class=\"_ _62\"> </span>okres przeterminowania <span class=\"_ _2\"></span>p\u0142atno\u015bci. <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>zale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>zaklasyfikowania <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>oszczeg\u00f3lnych <span class=\"_ _53\"></span>stopni, <span class=\"_ _53\"></span>odpis <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci jest <span class=\"_ _74\"> </span>szacowany <span class=\"_ _1\"> </span>w horyzoncie <span class=\"_ _1\"> </span>12-miesi\u0119cy <span class=\"_ _74\"> </span>(stopie\u0144 <span class=\"_ _1\"> </span>1) <span class=\"_ _74\"> </span>lub <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>horyzoncie <span class=\"_ _74\"> </span>\u017cycia <span class=\"_ _74\"> </span>instrumentu <span class=\"_ _1\"> </span>(stopie\u0144 <span class=\"_ _74\"> </span>2 <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>stopie\u0144 <span class=\"_ _74\"> </span>3). Bezwzgl\u0119dn\u0105 <span class=\"_ _74\"> </span>przes\u0142ank\u0105 <span class=\"_ _58\"> </span>na <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kre\u015blenie <span class=\"_ _74\"> </span>wyst\u0105pienia <span class=\"_ _74\"> </span>stanu  niew<span class=\"_ _3\"></span>yp\u0142acalno\u015bci  (d<span class=\"_ _3\"></span>efault)  j<span class=\"_ _3\"></span>est  pr<span class=\"_ _3\"></span>zeterminowanie <span class=\"_ _58\"> </span>p\u0142atno\u015bc<span class=\"_ _3\"></span>i o ponad 90 dni. <span class=\"_ _3\"></span> W <span class=\"_ _0\"></span>modelu <span class=\"_ _0\"></span>uproszczonym <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>monitoruje <span class=\"_ _0\"></span>zmian <span class=\"_ _0\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"> </span>kredytowego <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>rakcie <span class=\"_ _0\"></span>\u017cycia <span class=\"_ _0\"></span>instrumentu <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz<span class=\"_ _3\"></span> szacuje <span class=\"_ _2\"></span>oczekiwan\u0105 <span class=\"_ _53\"></span>strat\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>horyzoncie <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>terminu <span class=\"_ _53\"></span>zapad<span class=\"_ _3\"></span>alno\u015bci <span class=\"_ _53\"></span>instrumentu <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>historyczne <span class=\"_ _2\"></span>dane dotycz\u0105ce sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci nale\u017cno\u015bci od odb<span class=\"_ _3\"></span>iorc\u00f3w.<span class=\"_ _192\"> </span>Poziom <span class=\"_ _54\"> </span>ryz<span class=\"_ _3\"></span>yka <span class=\"_ _54\"> </span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _54\"> </span>instytucji <span class=\"_ _5a\"> </span>finansowej <span class=\"_ _5a\"> </span>wynikaj\u0105cego <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>utrzymywania <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>niej <span class=\"_ _54\"> </span>\u015b<span class=\"_ _3\"></span>rodk\u00f3w <span class=\"_ _54\"> </span>pieni\u0119\u017cny<span class=\"_ _3\"></span>ch <span class=\"_ _54\"> </span>na rachunkach <span class=\"_ _1\"> </span>bankowych <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>zdeponowanych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>lokacie, <span class=\"_ _1\"> </span>maj\u0105c <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>uwadze <span class=\"_ _74\"> </span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>tych <span class=\"_ _1\"> </span>instrument\u00f3w, <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>na poziomie niemal\u017ce j<span class=\"_ _3\"></span>ednakowym, <span class=\"_ _3\"></span>st\u0105d zaprezentowano \u0142\u0105czni<span class=\"_ _3\"></span>e. Wed\u0142ug <span class=\"_ _1\"> </span>stanu <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"> </span>20<span class=\"_ _2\"></span>22 <span class=\"_ _0\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>maksymalny <span class=\"_ _0\"></span>udzia\u0142 <span class=\"_ _1\"> </span>jednego <span class=\"_ _1\"> </span>podmiotu <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>kwoc<span class=\"_ _2\"></span>ie <span class=\"_ _0\"> </span>nara\u017conej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"> </span>ryzyko<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>kredy<span class=\"_ _2\"></span>towe zwi\u0105zane <span class=\"_ _53\"></span>ze <span class=\"_ _0\"></span>\u015br<span class=\"_ _3\"></span>odkami <span class=\"_ _0\"></span>pieni<span class=\"_ _3\"></span>\u0119\u017cnymi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokatami <span class=\"_ _53\"></span>bankowymi <span class=\"_ _53\"></span>wyni\u00f3s\u0142 <span class=\"_ _53\"></span>30%, <span class=\"_ _53\"></span>tj. <span class=\"_ _0\"></span>354 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 r. 41%, tj. 778<span class=\"_ _3\"></span> mln PLN). Stan na 31.12.2022 Stan na 31.12.2021<span class=\"ff2\"> </span>Kontrahent 1 354 778 Kontrahent 2 335 322 Kontrahent 3 105 259 Kontrahent 4 76 156 Kontrahent 5 73 121 Pozostali 252 268 Razem 1 195 1 904 Odpisy <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>utraty <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _59\"> </span>\u015bro<span class=\"_ _2\"></span>dk\u00f3w <span class=\"_ _59\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017cnych <span class=\"_ _59\"> </span>i <span class=\"_ _5a\"> </span>ekwiwalent\u00f3w <span class=\"_ _5a\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidual<span class=\"_ _3\"></span>nie <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _5a\"> </span>salda dotycz\u0105cego <span class=\"_ _59\"> </span>danej <span class=\"_ _59\"> </span>i<span class=\"_ _3\"></span>nstytucji <span class=\"_ _59\"> </span>finansow<span class=\"_ _3\"></span>ej. <span class=\"_ _59\"> </span>Do <span class=\"_ _59\"> </span>oceny <span class=\"_ _59\"> </span>ryzyka <span class=\"_ _57\"> </span>kredytowego <span class=\"_ _59\"> </span>u\u017cyto <span class=\"_ _57\"> </span>zewn\u0119trzne <span class=\"_ _59\"> </span>ratingi <span class=\"_ _59\"> </span>bank\u00f3w. <span class=\"_ _57\"> </span>Analiza wykaza\u0142a, <span class=\"_ _57\"> </span>i\u017c <span class=\"_ _59\"> </span>aktywa <span class=\"_ _57\"> </span>te <span class=\"_ _59\"> </span>maj\u0105 <span class=\"_ _57\"> </span>niskie <span class=\"_ _59\"> </span>ryz<span class=\"_ _3\"></span>yko <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>spraw<span class=\"_ _3\"></span>ozdawczy. <span class=\"_ _57\"> </span>Grupa <span class=\"_ _59\"> </span>skor<span class=\"_ _3\"></span>zysta\u0142a <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>uproszczenia dozwolonego <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>standard <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>odpis <span class=\"_ _0\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>dstawi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>12-miesi\u0119cznych <span class=\"_ _53\"></span>strat <span class=\"_ _53\"></span>kredytowych<span class=\"_ _3\"></span>. Kalkulacja o<span class=\"_ _2\"></span>dpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 kwo<span class=\"_ _2\"></span>t\u0119 <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci. <span class=\"_ _2\"></span>Aktywa <span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>zaliczone <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>Stopnia <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>modelu utraty warto\u015bci.<span class=\"_ _192\"> </span>Nota 7.5.2.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z transakcjami w<span class=\"_ _3\"></span> instrumentach poch<span class=\"_ _3\"></span>odnych Wszystkie <span class=\"_ _54\"> </span>p<span class=\"_ _3\"></span>odmioty, <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>kt\u00f3rymi <span class=\"_ _5a\"> </span>Grupa <span class=\"_ _54\"> </span>Kapita\u0142owa <span class=\"_ _5a\"> </span>zawiera <span class=\"_ _54\"> </span>transak<span class=\"_ _3\"></span>cje <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>instrum<span class=\"_ _3\"></span>entach <span class=\"_ _54\"> </span>poch<span class=\"_ _3\"></span>odnych <span class=\"_ _54\"> </span>(z wyj\u0105<span class=\"_ _3\"></span>tkiem wbudowanych ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych), dzia\u0142aj\u0105 w sekt<span class=\"_ _3\"></span>orze finansowym. Ekspozycj\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>zwi\u0105zan\u0105 <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>instrumentami <span class=\"_ _2\"></span>pochodnymi <span class=\"_ _2\"></span>z podzia\u0142em <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>g\u0142\u00f3wnych <span class=\"_ _53\"></span>kontrahent<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _53\"></span>prezentu<span class=\"_ _3\"></span>je poni\u017csza tabela.<span class=\"_ _192\"> </span>3<span class=\"_ _192\"> </span>Stan na 31.1<span class=\"_ _3\"></span>2.2022 Stan na 31.1<span class=\"_ _3\"></span>2.2021 Nale\u017cno\u015bcifinansoweZobowi\u0105zaniafinansoweWarto\u015b\u0107 godziwaEkspozycja  na ryzyko kredytoweNale\u017cno\u015bcifinansoweZobowi\u0105zaniafinansoweWarto\u015b\u0107 godziwaEkspozycja  na ryzyko kredytoweKontrahent 1<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>260(250)10260227<span class=\"_ _192\"> </span>(195)<span class=\"_ _192\"> </span>32<span class=\"_ _192\"> </span>227<span class=\"_ _192\"> </span>Kontrahent 2<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>226(172)54226162<span class=\"_ _192\"> </span>(112)<span class=\"_ _192\"> </span>50<span class=\"_ _192\"> </span>162<span class=\"_ _192\"> </span>Kontrahent 3<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>154(33)121154113<span class=\"_ _192\"> </span>(437)<span class=\"_ _192\"> </span>(324)<span class=\"_ _192\"> </span>113<span class=\"_ _192\"> </span>Kontrahent 4<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>120(53)6712078<span class=\"_ _192\"> </span>(57)<span class=\"_ _192\"> </span>21<span class=\"_ _192\"> </span>78<span class=\"_ _192\"> </span>Pozostali <span class=\"_ _de\"> </span> <span class=\"_ _114\"> </span>787(636)151787279(1 360)(1 081)279Razem <span class=\"_ _14d\"> </span> <span class=\"_ _2a\"> </span><span class=\"fc0\">1 547</span>(1 144)4031 547859(2 161)(1 302)859Otwarte  instrument<span class=\"_ _3\"></span>y  pochodne*<span class=\"_ _3\"></span><span class=\"ff1 fc2\"> </span> <span class=\"_ _2a\"> </span><span class=\"ff2 fc0\">1 510</span>(1 110)400849(2 002)(1 153)Rozliczone  instrumenty <span class=\"_ _3\"></span> pochodne <span class=\"_ _3\"></span>netto<span class=\"ff1 fc2\"> </span> <span class=\"_ _92\"> </span><span class=\"ff2 fc0\">37</span>(34)310(159)(149)* Z wy\u0142\u0105cze<span class=\"_ _2\"></span>niem wbud<span class=\"_ _2\"></span>owanych instru<span class=\"_ _2\"></span>ment\u00f3w pocho<span class=\"_ _2\"></span>dnych<span class=\"_ _192\"> </span>Bior\u0105c  pod  uwag\u0119  nale\u017cno\u015bci  z  tytu\u0142u  otwartych  tran<span class=\"_ _3\"></span>sakcji  w  instrumentach  pochodnych  posiada<span class=\"_ _3\"></span>nych  przez  Grup\u0119 (z wy\u0142\u0105czeniem <span class=\"_ _1\"> </span>wbud<span class=\"_ _3\"></span>owanych <span class=\"_ _1\"> </span>instrument\u00f3w <span class=\"_ _0\"></span>pochodnych) <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"> </span>r. <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>netto<span class=\"_ _192\"> </span>4 <span class=\"_ _1\"> </span>z tytu\u0142u rozliczonych <span class=\"_ _2\"></span>instrumen<span class=\"_ _3\"></span>t\u00f3w <span class=\"_ _2\"></span>pochodnych, maksymalny <span class=\"_ _2\"></span>udzia\u0142 je<span class=\"_ _2\"></span>dn<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>podmiotu <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kwocie <span class=\"_ _2\"></span>nara\u017con<span class=\"_ _3\"></span>ej <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ryzyko <span class=\"_ _2\"></span>kredytowe wynikaj\u0105ce z tych tran<span class=\"_ _3\"></span>sakcji wyni\u00f3s\u0142 1<span class=\"_ _3\"></span>7%, tj. 260 mln <span class=\"_ _3\"></span>PLN (wed\u0142ug stanu na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia 202<span class=\"_ _3\"></span>1 r. 26%, tj. 227 <span class=\"_ _3\"></span>mln PLN).<span class=\"_ _192\"> </span>W  celu <span class=\"_ _74\"> </span>ograniczenia  prz<span class=\"_ _3\"></span>ep\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119<span class=\"_ _2\"></span>\u017cnych <span class=\"_ _74\"> </span>i jednocze\u015bnie <span class=\"_ _74\"> </span>ograniczenia  ryzyka <span class=\"_ _74\"> </span>kredytowego <span class=\"_ _74\"> </span>Je<span class=\"_ _2\"></span>dnostka <span class=\"_ _74\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105ca<span class=\"_ _3\"></span> dokonuje <span class=\"_ _2\"></span>rozlicze\u0144 <span class=\"_ _2\"></span>netto <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>zawartych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>kontrahentami <span class=\"_ _2\"></span>standardowych <span class=\"_ _53\"></span>porozumie\u0144<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>ramowych <span class=\"_ _53\"></span>reguluj\u0105cych obr\u00f3t <span class=\"_ _1\"> </span>instrumentami <span class=\"_ _0\"></span>finansowymi, <span class=\"_ _0\"></span>tj. <span class=\"_ _1\"> </span>ISDA <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>opartych <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>wz\u00f3r <span class=\"_ _0\"> </span>ZBP). <span class=\"_ _1\"> </span>Ponadto <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>z tego <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _0\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"> </span>na bie\u017c\u0105co <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _59\"> </span>poprzez<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>analiz\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>kredytowyc<span class=\"_ _3\"></span>h <span class=\"_ _59\"> </span>oraz <span class=\"_ _57\"> </span>ograniczane <span class=\"_ _59\"> </span>poprzez <span class=\"_ _57\"> </span>d\u0105\u017cenie <span class=\"_ _59\"> </span>d<span class=\"_ _3\"></span>o dywersyfikacji podmiotowej przy <span class=\"_ _3\"></span>wdra\u017caniu stra<span class=\"_ _3\"></span>tegii zabezpieczaj\u0105cych.<span class=\"_ _3\"></span> 3 Nie dot<span class=\"_ _2\"></span>yczy wbudow<span class=\"_ _2\"></span>anych instrumen<span class=\"_ _2\"></span>t\u00f3w pocho<span class=\"_ _2\"></span>dnych. 4 Jednostka <span class=\"_ _0\"> </span>Domi<span class=\"_ _2\"></span>nuj\u0105ca <span class=\"_ _0\"> </span>kompensu<span class=\"_ _2\"></span>je <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _0\"> </span>rozliczonych <span class=\"_ _0\"> </span>in<span class=\"_ _2\"></span>strument\u00f3w <span class=\"_ _0\"> </span>pocho<span class=\"_ _2\"></span>dnych, <span class=\"_ _0\"> </span>dla <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>ko\u0144cz\u0105cy okres <span class=\"_ _1\"> </span>sprawozd<span class=\"_ _2\"></span>awczy <span class=\"_ _1\"> </span>znany <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzysz\u0142y <span class=\"_ _1\"> </span>przep\u0142yw, <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>zas<span class=\"_ _2\"></span>adami <span class=\"_ _1\"> </span>nettowania<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142yw\u00f3w <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>ro<span class=\"_ _2\"></span>zlicze\u0144 <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzyj\u0119tymi <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>umowach <span class=\"_ _1\"> </span>ramowych  z poszcze<span class=\"_ _2\"></span>g\u00f3lnymi kontr<span class=\"_ _2\"></span>ahentami.<span class=\"_ _192\"> </span>Pomimo <span class=\"_ _5e\"> </span>koncentracji <span class=\"_ _5e\"> </span>ryzyka <span class=\"_ _5e\"> </span>kredytowego <span class=\"_ _67\"> </span>zwi\u0105<span class=\"_ _3\"></span>zanego <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>transakcjami <span class=\"_ _55\"> </span>w <span class=\"_ _67\"> </span>instrumentach <span class=\"_ _5e\"> </span>pochodnych <span class=\"_ _5e\"> </span>Jednostka Dominuj\u0105ca <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>cenia, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _58\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>wsp\u00f3\u0142prac\u0119  w<span class=\"_ _3\"></span>y\u0142\u0105cznie <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>re<span class=\"_ _2\"></span>nomowanymi <span class=\"_ _1\"> </span>instytucjami <span class=\"_ _74\"> </span>finansowymi, <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>r\u00f3wnie\u017c bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g ich ratingu, nie jes<span class=\"_ _3\"></span>t znacz\u0105co nara\u017cona na <span class=\"_ _3\"></span>ryzyko kredyt<span class=\"_ _3\"></span>owe wynikaj\u0105ce z z<span class=\"_ _3\"></span>awartych z nimi transakcji. <span class=\"_ _3\"></span> W <span class=\"_ _57\"> </span>tabeli <span class=\"_ _59\"> </span>poni\u017cej <span class=\"_ _146\"> </span>zaprezentowano <span class=\"_ _57\"> </span>struktur\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>ins<span class=\"_ _3\"></span>tytucji <span class=\"_ _57\"> </span>finansowych, <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>kt\u00f3rymi <span class=\"_ _146\"> </span>Grupy <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>siada\u0142a <span class=\"_ _146\"> </span>t<span class=\"_ _2\"></span>ransakcje<span class=\"_ _3\"></span> w instrumentach po<span class=\"_ _3\"></span>chodnych, sta<span class=\"_ _3\"></span>nowi\u0105ce ekspozycj\u0119 na r<span class=\"_ _3\"></span>yzyko kredytow<span class=\"_ _3\"></span>e. Poziom ratingu<span class=\"_ _3\"></span> Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021 \u015aredni<span class=\"_ _2\"></span>owysoki    od A+ do A<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od A1 <span class=\"_ _3\"></span>do A3 wg Moody\u2019s<span class=\"_ _3\"></span> <span class=\"_ _132\"> </span> <span class=\"_ _d4\"> </span>8<span class=\"_ _3\"></span>4%<span class=\"_ _192\"> </span>98%<span class=\"_ _192\"> </span>\u015aredni<span class=\"_ _2\"></span>  od BBB+ do BB<span class=\"_ _3\"></span>B- wg S&amp;P i Fitch oraz <span class=\"_ _3\"></span>od Baa1 do Baa3 <span class=\"_ _3\"></span>wg Moody\u2019s 16%<span class=\"_ _192\"> </span>2%<span class=\"_ _192\"> </span>Nota 7.5.2.3 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z nale\u017cno\u015bciami od <span class=\"_ _3\"></span>odbiorc\u00f3w<span class=\"fc0\"> </span>Znacz\u0105ce <span class=\"_ _53\"></span>salda <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>dostaw <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>Grupie <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>wyst\u0119powa\u0142y <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sp\u00f3\u0142kach: KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _53\"></span>517 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>KGHM INTERNATI<span class=\"_ _3\"></span>ONAL <span class=\"_ _0\"></span>LTD. <span class=\"_ _53\"></span>364 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _53\"></span>CENTROZ\u0141OM <span class=\"_ _53\"></span>WROC\u0141AW <span class=\"_ _53\"></span>S.A. 67 mln  PLN,  WPEC  w Legnicy<span class=\"_ _2\"></span>  S.A.  49  mln <span class=\"_ _146\"> </span>PLN<span class=\"_ _2\"></span>,  NITROERG  S<span class=\"_ _2\"></span>.A.  39  mln  PLN, <span class=\"_ _146\"> </span>M<span class=\"_ _2\"></span>etraco  S.A. <span class=\"_ _146\"> </span>28  mln  PLN<span class=\"_ _2\"></span>,  \u201eMCZ\u201d  S.A.  24 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>WMN <span class=\"_ _0\"></span>\"\u0141ab\u0119dy\" <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"> </span>19 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN, <span class=\"_ _1\"> </span>Energ<span class=\"_ _3\"></span>etyka <span class=\"_ _0\"></span>Sp. <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>o.o. <span class=\"_ _0\"> </span>11 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(na <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r.: <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>Polska<span class=\"_ _3\"></span> Mied\u017a S.A. <span class=\"_ _0\"> </span>537 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"> </span>KG<span class=\"_ _2\"></span>HM INTER<span class=\"_ _3\"></span>NATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _0\"></span>219 <span class=\"_ _0\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _1\"> </span>CENTROZ\u0141OM <span class=\"_ _0\"> </span>WROC\u0141AW <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>A. <span class=\"_ _0\"> </span>88 mln <span class=\"_ _1\"> </span>PLN, WPEC  w Legnicy  S.A.  39  mln  PLN,  NITROERG  S.A.  37  mln  PLN,  \u201eMCZ\u201d  S.A.  22  mln<span class=\"_ _3\"></span>  PLN,  Metraco  S.<span class=\"_ _2\"></span>A.  14  mln  PLN, WMN \"\u0141ab\u0119dy\" S.A<span class=\"_ _3\"></span>. 12 mln PLN). Ca\u0142kowita <span class=\"_ _0\"> </span>warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _0\"></span>netto <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>handlowych <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>uwzgl\u0119dnienia <span class=\"_ _0\"></span>warto\u015bci godziwej <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>zabezpiecze<span class=\"_ _3\"></span>\u0144, <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>wysoko\u015bci <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>Grupa <span class=\"_ _0\"></span>Kapita\u0142owa <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _0\"></span>by\u0107 <span class=\"_ _53\"></span>wystawiona <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>ryzyko <span class=\"_ _53\"></span>kredytowe, wynosi 1 178<span class=\"_ _3\"></span> mln PLN (wed\u0142ug stanu <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>021 r. 1 026 mln PLN).  Jednostka Dominuj\u0105ca ogranicza ekspozycj\u0119 na <span class=\"_ _2\"></span>ryzyko kredytowe zwi\u0105zane z <span class=\"_ _2\"></span>nale\u017cno\u015bciami od <span class=\"_ _2\"></span>odbiorc\u00f3w poprzez ocen\u0119 i monitoring <span class=\"_ _53\"></span>kondycji <span class=\"_ _53\"></span>finansowej <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>ustalanie <span class=\"_ _53\"></span>limit\u00f3w <span class=\"_ _53\"></span>kredytowych, <span class=\"_ _53\"></span>stosowanie <span class=\"_ _53\"></span>zabezpiecze\u0144 <span class=\"_ _53\"></span>wierzytelno\u015bci<span class=\"_ _3\"></span> oraz <span class=\"_ _1\"> </span>faktoringu <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>regresu. <span class=\"_ _0\"> </span>Warunki <span class=\"_ _1\"> </span>zawartych <span class=\"_ _1\"> </span>um\u00f3w <span class=\"_ _1\"> </span>faktoringowych <span class=\"_ _0\"> </span>spe\u0142niaj\u0105 <span class=\"_ _1\"> </span>kryteria <span class=\"_ _1\"> </span>usuni\u0119cia <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>ksi\u0105g w momencie i<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>nabycia przez <span class=\"_ _2\"></span>faktora. N<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>nale\u017cno\u015bci oddanych <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>faktoringu, za <span class=\"_ _2\"></span>kt\u00f3<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> nie <span class=\"_ _53\"></span>otrzyman<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>p\u0142atno\u015bci <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>faktor\u00f3w <span class=\"_ _53\"></span>wynios\u0142a <span class=\"_ _2\"></span>4 <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PLN<span class=\"_ _2\"></span> <span class=\"_ _53\"></span> <span class=\"_ _2\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _2\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>17 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN). <span class=\"_ _53\"></span>Informacja<span class=\"_ _3\"></span> o warto\u015bci przych<span class=\"_ _3\"></span>od\u00f3w ze sprzeda\u017cy obj<span class=\"_ _3\"></span>\u0119tych faktoringiem w ok<span class=\"_ _3\"></span>resie obrotowym prez<span class=\"_ _3\"></span>entowana jest w <span class=\"_ _3\"></span>Nocie 2.4. Nieod\u0142\u0105cznym <span class=\"_ _146\"> </span>e<span class=\"_ _2\"></span>lementem <span class=\"_ _57\"> </span>procesu <span class=\"_ _146\"> </span>zarz\u0105dzania <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>kredytowym <span class=\"_ _59\"> </span>real<span class=\"_ _3\"></span>izowanego <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>Jednostce <span class=\"_ _57\"> </span>Dominuj\u0105cej <span class=\"_ _57\"> </span>jest bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g stanu nale\u017cno\u015bci oraz<span class=\"_ _3\"></span> wewn\u0119trzny system <span class=\"_ _3\"></span>raportowania.  Kredyt <span class=\"_ _0\"></span>kupiecki <span class=\"_ _0\"></span>otrzymuj\u0105 <span class=\"_ _0\"></span>sprawdzeni <span class=\"_ _0\"></span>kontrahenci. <span class=\"_ _53\"></span>W <span class=\"_ _1\"> </span>przypadku <span class=\"_ _53\"></span>no<span class=\"_ _2\"></span>wych <span class=\"_ _0\"></span>klient\u00f3w <span class=\"_ _0\"></span>d\u0105\u017cy <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>aby <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _0\"></span>dokonywana by\u0142a  na  podstawie  przedp<span class=\"_ _3\"></span>\u0142at  lub  instrument\u00f3w  finanso<span class=\"_ _3\"></span>wania  handlu  przen<span class=\"_ _3\"></span>osz\u0105cych  ryzyko  kr<span class=\"_ _3\"></span>edytowe  na  instytucje finansowe. Jednostka Dominu<span class=\"_ _3\"></span>j\u0105ca posiada nast\u0119puj\u0105ce f<span class=\"_ _3\"></span>ormy zabezpiecz<span class=\"_ _3\"></span>enia nale\u017cno\u015bci: <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastawy <span class=\"_ _0\"></span>rejestrowe, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _53\"></span>bankowe, <span class=\"_ _0\"></span>weksle, <span class=\"_ _0\"></span>akty <span class=\"_ _0\"></span>notarialne <span class=\"_ _0\"></span>poddania<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>egzekucji, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _0\"></span>korporac<span class=\"_ _3\"></span>yjne, </span></span>cesje nale\u017cno\u015bci, hip<span class=\"_ _3\"></span>oteki i inkasa <span class=\"_ _3\"></span>dokumentowe; \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastrze\u017cenie przeniesienia pr<span class=\"_ _3\"></span>awa w\u0142asno\u015bci wyrob\u00f3w <span class=\"_ _3\"></span>na kontrahenta d<span class=\"_ _3\"></span>opiero po dokonaniu za<span class=\"_ _3\"></span>p\u0142aty;  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">umow\u0119 <span class=\"_ _0\"></span>ubezpieczenia <span class=\"_ _0\"></span>nale\u017cno\u015bci, <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>r\u0105 <span class=\"_ _0\"></span>obj\u0119te <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>jednostek <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>kredytem <span class=\"_ _0\"></span>kupieckim, <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>nie </span></span>otrzymano twardych <span class=\"_ _3\"></span>zabezpiecze\u0144 lub <span class=\"_ _3\"></span>otrzymano zabezpiecz<span class=\"_ _3\"></span>enia niepokrywaj\u0105ce ca<span class=\"_ _3\"></span>\u0142o\u015bci salda na<span class=\"_ _3\"></span>le\u017cno\u015bci.  Uwzgl\u0119dniaj\u0105c <span class=\"_ _55\"> </span>posiadane <span class=\"_ _55\"> </span>wy\u017cej <span class=\"_ _55\"> </span>wymienione <span class=\"_ _55\"> </span>formy <span class=\"_ _55\"> </span>zabezpiecze\u0144 <span class=\"_ _55\"> </span>oraz <span class=\"_ _55\"> </span>limity <span class=\"_ _55\"> </span>kredytowe <span class=\"_ _55\"> </span>przyznane <span class=\"_ _55\"> </span>przez <span class=\"_ _55\"> </span>firm\u0119 ubezpieczeniow\u0105, wed\u0142ug <span class=\"_ _2\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105ca posiada <span class=\"_ _2\"></span>zabezpieczenia dla <span class=\"_ _2\"></span>76% <span class=\"_ _2\"></span>nale\u017cno\u015bci handlowych (wed\u0142u<span class=\"_ _3\"></span>g stanu na 31 grudnia<span class=\"_ _3\"></span> 2021 r. 8<span class=\"_ _3\"></span>4%). KGHM <span class=\"_ _1\"> </span>INTERNATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>stos<span class=\"_ _2\"></span>uje <span class=\"_ _1\"> </span>zabezpiecze\u0144 <span class=\"_ _0\"> </span>nale<span class=\"_ _2\"></span>\u017cno<span class=\"_ _3\"></span>\u015bci, <span class=\"_ _1\"> </span>jednak <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _1\"> </span>zwi\u0105zane <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>nale\u017cno\u015bciami od odbiorc\u00f3w <span class=\"_ _57\"> </span>podlega <span class=\"_ _57\"> </span>monitoringowi <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>sprzeda\u017c <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>du\u017ce<span class=\"_ _3\"></span>j <span class=\"_ _59\"> </span>mierze <span class=\"_ _57\"> </span>realizowana <span class=\"_ _57\"> </span>jest <span class=\"_ _59\"> </span>do <span class=\"_ _57\"> </span>sprawdzonych, <span class=\"_ _57\"> </span>d\u0142ugoletnich kontrahent\u00f3w pro<span class=\"_ _3\"></span>wadz\u0105cych dzia\u0142alno\u015b\u0107 <span class=\"_ _3\"></span>mi\u0119dzynarodow\u0105. Ocena koncentracji r<span class=\"_ _3\"></span>yzyka kredytoweg<span class=\"_ _3\"></span>o w Grupie: Koncentracja bran\u017cowa Pomimo, <span class=\"_ _146\"> </span>\u017ce <span class=\"_ _57\"> </span>KGHM <span class=\"_ _146\"> </span>Po<span class=\"_ _2\"></span>lska  Mied\u017a <span class=\"_ _146\"> </span>S.<span class=\"_ _2\"></span>A.  o<span class=\"_ _2\"></span>raz  KGHM<span class=\"_ _192\"> </span>INTERNATION<span class=\"_ _192\"> </span>AL  L<span class=\"_ _2\"></span>TD.  funkcjonuj\u0105 <span class=\"_ _146\"> </span>w<span class=\"_ _192\"> </span>tej <span class=\"_ _57\"> </span>samej bran\u017cy, <span class=\"_ _5a\"> </span>sp\u00f3\u0142<span class=\"_ _2\"></span>ki <span class=\"_ _54\"> </span>r\u00f3\u017cni\u0105 <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>zar\u00f3wno <span class=\"_ _54\"> </span>portfelem <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>ferowanych <span class=\"_ _5a\"> </span>produkt\u00f3w, <span class=\"_ _5a\"> </span>jak <span class=\"_ _54\"> </span>i geograficzn\u0105 <span class=\"_ _54\"> </span>oraz<span class=\"_ _3\"></span> podmiotow\u0105 <span class=\"_ _69\"> </span>struktur\u0105 <span class=\"_ _69\"> </span>portfela <span class=\"_ _69\"> </span>klient\u00f3w, <span class=\"_ _69\"> </span>w zwi\u0105zku <span class=\"_ _69\"> </span>z <span class=\"_ _69\"> </span>czy<span class=\"_ _2\"></span>m <span class=\"_ _69\"> </span>bran\u017cowa <span class=\"_ _69\"> </span>konce<span class=\"_ _2\"></span>ntracja <span class=\"_ _69\"> </span>ryzyka kredytowego ocen<span class=\"_ _3\"></span>iana jest jako ak<span class=\"_ _3\"></span>ceptowalna.  Pozosta\u0142e <span class=\"_ _5a\"> </span>sp\u00f3\u0142ki <span class=\"_ _5a\"> </span>Grupy <span class=\"_ _54\"> </span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _54\"> </span>dzia<span class=\"_ _3\"></span>\u0142aj\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>r\u00f3\u017cnych <span class=\"_ _5a\"> </span>sektorach <span class=\"_ _5a\"> </span>gospodarki, <span class=\"_ _5a\"> </span>m.in. <span class=\"_ _54\"> </span>trans<span class=\"_ _3\"></span>port, budownictwo, <span class=\"_ _2\"></span>handel, <span class=\"_ _2\"></span>produkcja<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>przemys\u0142owa, <span class=\"_ _2\"></span>energetyka. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>przypadku <span class=\"_ _2\"></span>wi\u0119kszo\u015bci sp\u00f3\u0142ek <span class=\"_ _67\"> </span>Grupy <span class=\"_ _67\"> </span>Kapita\u0142owej, <span class=\"_ _67\"> </span>pod <span class=\"_ _67\"> </span>wzgl\u0119dem <span class=\"_ _67\"> </span>bran\u017cowym, <span class=\"_ _67\"> </span>nie <span class=\"_ _67\"> </span>dochodzi <span class=\"_ _67\"> </span>do koncentracji <span class=\"_ _67\"> </span>ryzyka<span class=\"_ _3\"></span> kredytowego. Koncentracja odbiorc\u00f3w Na 31 grudnia<span class=\"_ _192\"> </span>2022<span class=\"_ _192\"> </span>r. saldo nale\u017cno\u015bci od 7 najwi\u0119kszych odbior<span class=\"_ _3\"></span>c\u00f3w stanowi 58% salda nale\u017cno\u015bci od<span class=\"_ _3\"></span> odbiorc\u00f3w <span class=\"_ _1\"> </span>(2021 <span class=\"_ _1\"> </span>r.: <span class=\"_ _74\"> </span>49%). <span class=\"_ _1\"> </span>Po<span class=\"_ _2\"></span>mimo <span class=\"_ _74\"> </span>koncentracji <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>tego<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>ocenia <span class=\"_ _74\"> </span>si\u0119, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _74\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na dost\u0119pne <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>historyczne <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>wieloletnie <span class=\"_ _74\"> </span>do\u015bwiadczeni<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>we <span class=\"_ _1\"> </span>wsp\u00f3\u0142pracy <span class=\"_ _1\"> </span>z klientami, <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>r\u00f3wnie\u017c stosowane zabezpi<span class=\"_ _3\"></span>eczenia wyst\u0119puje niski s<span class=\"_ _3\"></span>topie\u0144 ryzyka kred<span class=\"_ _3\"></span>ytowego.<span class=\"_ _192\"> </span>Koncentracja geograficzna<span class=\"_ _3\"></span> Sp\u00f3\u0142ki Grupy <span class=\"_ _2\"></span>Kapita\u0142owej od wie<span class=\"_ _2\"></span>lu lat <span class=\"_ _2\"></span>wsp\u00f3\u0142pracuj\u0105 z du\u017c\u0105 <span class=\"_ _2\"></span>liczb\u0105 klient\u00f3w, co <span class=\"_ _2\"></span>wp\u0142ywa na <span class=\"_ _2\"></span>geograficzn\u0105 dywersyfikacj\u0119 <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>od<span class=\"_ _3\"></span>biorc\u00f3w. <span class=\"_ _53\"></span>S<span class=\"_ _2\"></span>topie\u0144 <span class=\"_ _53\"></span>geograficznej <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>ncentracji <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"></span>kredytow<span class=\"_ _3\"></span>ego <span class=\"_ _0\"></span>dla nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w przedsta<span class=\"_ _3\"></span>wia poni\u017csza tabela.  Nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w (netto) Stan na 31.12.2022 Stan na 31.12.2021 Polska 40%<span class=\"_ _192\"> </span>59%<span class=\"_ _192\"> </span>Kanada  19%<span class=\"_ _192\"> </span>8%<span class=\"_ _192\"> </span>Unia Europejska (z <span class=\"_ _3\"></span>wy\u0142. Polski) 10%<span class=\"_ _192\"> </span>10%<span class=\"_ _192\"> </span>Azja 26%<span class=\"_ _192\"> </span>17%<span class=\"_ _192\"> </span>Inne kraje 5%<span class=\"_ _192\"> </span>6%<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a i za\u0142o\u017cenia<span class=\"_ _3\"></span> 31.12.2022<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Przedzia\u0142y czasowe<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci<span class=\"_ _192\"> </span>Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Nieprzetermin<span class=\"_ _3\"></span>owane<span class=\"_ _192\"> </span>0,1-2,7<span class=\"_ _192\"> </span>401<span class=\"_ _192\"> </span>(2)<span class=\"_ _192\"> </span>0,2-5,1<span class=\"_ _192\"> </span>373<span class=\"_ _192\"> </span>(3)<span class=\"_ _192\"> </span>&lt;1,30)<span class=\"_ _192\"> </span>0,2-8,1<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>0,4-7,8<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>&lt;30,60)<span class=\"_ _192\"> </span>5,5-41,4<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>3,1-34,2<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>&lt;60,90)<span class=\"_ _192\"> </span>34,1-72,3<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>42,9-75,5<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Default<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>(35)<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>37<span class=\"_ _192\"> </span>(32)<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>466<span class=\"_ _192\"> </span>(39)<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>(36)<span class=\"_ _192\"> </span>*Prawdop<span class=\"_ _2\"></span>odobie\u0144stw<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>niew<span class=\"_ _2\"></span>ykonania <span class=\"_ _53\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rezentuj\u0105 <span class=\"_ _53\"></span>zakresy <span class=\"_ _53\"></span>kalkulowane <span class=\"_ _53\"></span>ind<span class=\"_ _2\"></span>ywidulanie <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>oparciu o <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>rzeczyw<span class=\"_ _2\"></span>iste <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>histo<span class=\"_ _2\"></span>ryczne <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zakresie<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>liczby <span class=\"_ _1\"> </span>dni <span class=\"_ _1\"> </span>op<span class=\"_ _2\"></span>\u00f3\u017anie\u0144 <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>przyj<span class=\"_ _2\"></span>\u0119tym <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Grup<span class=\"_ _2\"></span>ie <span class=\"_ _1\"> </span>modelem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>kalkula<span class=\"_ _2\"></span>cji <span class=\"_ _1\"> </span>oczekiwan<span class=\"_ _2\"></span>ej <span class=\"_ _1\"> </span>straty kredytow<span class=\"_ _2\"></span>ej dla nale\u017c<span class=\"_ _2\"></span>no\u015bci handlow<span class=\"_ _2\"></span>ych. **Kwota odp<span class=\"_ _2\"></span>isu uw<span class=\"_ _2\"></span>zgl\u0119dnia odzysk wy<span class=\"_ _2\"></span>nikaj\u0105cy z zabez<span class=\"_ _2\"></span>piecze\u0144 nal<span class=\"_ _2\"></span>e\u017cno\u015bci<span class=\"ff2\">. </span>Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia zmian\u0119 stanu <span class=\"_ _3\"></span>nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w wycenian<span class=\"_ _3\"></span>ych w zamortyzowan<span class=\"_ _3\"></span>ym koszcie. Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Grupa <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>osuje  m<span class=\"_ _3\"></span>odel  u<span class=\"_ _3\"></span>proszczony  d<span class=\"_ _3\"></span>o  kalkulacji <span class=\"_ _74\"> </span>odpis\u00f3w  z<span class=\"_ _3\"></span>  tytu\u0142u <span class=\"_ _74\"> </span>utraty  warto\u015bci <span class=\"_ _74\"> </span>dla  nale\u017cn<span class=\"_ _3\"></span>o\u015bci  od <span class=\"_ _74\"> </span>odbiorc\u00f3w <span class=\"_ _58\"> </span>(bez wzgl\u0119du <span class=\"_ _5a\"> </span>na <span class=\"_ _54\"> </span>termin <span class=\"_ _5a\"> </span>zapadalno\u015bci). <span class=\"_ _5a\"> </span>Oczekiwana <span class=\"_ _54\"> </span>strata <span class=\"_ _5a\"> </span>kredytowa <span class=\"_ _5a\"> </span>dla <span class=\"_ _54\"> </span>nale\u017cno\u015bci <span class=\"_ _5a\"> </span>od <span class=\"_ _54\"> </span>odbior<span class=\"_ _3\"></span>c\u00f3w <span class=\"_ _54\"> </span>jest <span class=\"_ _5a\"> </span>kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy o<span class=\"_ _2\"></span>kres sprawozdawczy po momencie uj\u0119cia <span class=\"_ _2\"></span>nale\u017cno\u015bci w sprawozdaniu z sytuacji <span class=\"_ _2\"></span>finans<span class=\"_ _3\"></span>owej oraz <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>aktualizowana <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>ka\u017cdy <span class=\"_ _74\"> </span>kolejny <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>ko\u0144cz\u0105cy <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _1\"> </span>sprawozdawczy. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>cel\u00f3w <span class=\"_ _74\"> </span>oszacowania <span class=\"_ _1\"> </span>oczekiwanej straty <span class=\"_ _5a\"> </span>kredyt<span class=\"_ _3\"></span>owej <span class=\"_ _5a\"> </span>dla <span class=\"_ _59\"> </span>nale\u017cno\u015bci <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _59\"> </span>odbiorc\u00f3w <span class=\"_ _5a\"> </span>jednostki <span class=\"_ _59\"> </span>Grupy <span class=\"_ _5a\"> </span>wykorzystuj\u0105 <span class=\"_ _59\"> </span>macierze <span class=\"_ _59\"> </span>rezerw <span class=\"_ _59\"> </span>(<span class=\"_ _2\"></span><span class=\"ff3\">provision <span class=\"_ _59\"> </span>matrix</span>) zbudowane <span class=\"_ _53\"></span>w oparciu <span class=\"_ _2\"></span>o historyczne <span class=\"_ _53\"></span>poziomy <span class=\"_ _53\"></span>sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>kt\u00f3re <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>poddawane <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresowe<span class=\"_ _3\"></span>j rekalibracji w celu <span class=\"_ _3\"></span>aktualizacji.  Odpis <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>oczekiwane <span class=\"_ _2\"></span>straty kredytowe <span class=\"_ _2\"></span>wycenia si\u0119 <span class=\"_ _53\"></span>w kwocie <span class=\"_ _2\"></span>r\u00f3wnej <span class=\"_ _2\"></span>oczekiwanym st<span class=\"_ _2\"></span>ratom kredytowym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>ca\u0142ym o<span class=\"_ _2\"></span>kresie \u017cycia <span class=\"_ _2\"></span>nale<span class=\"_ _2\"></span>\u017cno\u015bci. <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>przyj\u0119\u0142a <span class=\"_ _53\"></span>za\u0142o\u017cenie, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>charakteryzowane <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>liczb\u0119 <span class=\"_ _53\"></span>dni <span class=\"_ _53\"></span>op\u00f3\u017anienia <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>en parametr <span class=\"_ _5e\"> </span>determinuje <span class=\"_ _67\"> </span>szac<span class=\"_ _3\"></span>owane <span class=\"_ _67\"> </span>PD, <span class=\"_ _5e\"> </span>czyli <span class=\"_ _67\"> </span>prawd<span class=\"_ _3\"></span>opodobie\u0144stw<span class=\"_ _3\"></span>o <span class=\"_ _67\"> </span>op\u00f3\u017anienia <span class=\"_ _5e\"> </span>p\u0142atno\u015bci <span class=\"_ _67\"> </span>na<span class=\"_ _3\"></span>le\u017cno\u015bci <span class=\"_ _67\"> </span>handl<span class=\"_ _3\"></span>owych o co najmniej <span class=\"_ _1\"> </span>90 <span class=\"_ _74\"> </span>dni. <span class=\"_ _74\"> </span>Na <span class=\"_ _74\"> </span>potrzeby <span class=\"_ _74\"> </span>estymacji <span class=\"_ _1\"> </span>PD <span class=\"_ _74\"> </span>wyodr\u0119bniono <span class=\"_ _1\"> </span>5 <span class=\"_ _74\"> </span>grup <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>oparciu <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>kryterium <span class=\"_ _1\"> </span>dni <span class=\"_ _74\"> </span>op\u00f3\u017anienia w terminie p\u0142atno\u015b<span class=\"_ _3\"></span>ci, zgodnie z przedzia\u0142ami <span class=\"_ _3\"></span>przedstawionymi p<span class=\"_ _3\"></span>oni\u017cej jako \u201eWa\u017cn<span class=\"_ _3\"></span>e oszacowania i <span class=\"_ _3\"></span>za\u0142o\u017cenia\u201d.  Za <span class=\"_ _0\"></span>zdarzenie <span class=\"_ _0\"></span>niewyp\u0142acalno\u015bci <span class=\"_ _0\"></span>(<span class=\"ff3\">default</span>) <span class=\"_ _0\"></span>uznaje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wywi\u0105zania <span class=\"_ _53\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>kontrahenta <span class=\"_ _0\"></span>po <span class=\"_ _0\"></span>up\u0142ywie 90 dni od <span class=\"_ _2\"></span>dnia wymagalno\u015bci nale\u017cno\u015bci. W <span class=\"_ _2\"></span>celu obliczenia <span class=\"_ _2\"></span>odpisu z tyt<span class=\"_ _2\"></span>u\u0142u oczekiwanej straty kredytowej  <span class=\"_ _2\"></span>uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczen<span class=\"_ _3\"></span>ia przypisuj\u0105c poszcze<span class=\"_ _3\"></span>g\u00f3lnym typom zab<span class=\"_ _3\"></span>ezpiecze\u0144 oczekiwan\u0105 st<span class=\"_ _3\"></span>op\u0119 odzysku. Ponadto, <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>kalkulac<span class=\"_ _3\"></span>ji <span class=\"_ _5a\"> </span>ECL <span class=\"_ _59\"> </span>uwzgl\u0119dnia <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>informacje <span class=\"_ _5a\"> </span>dotycz\u0105<span class=\"_ _3\"></span>ce <span class=\"_ _5a\"> </span>przysz\u0142o\u015bci <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>stosowanych <span class=\"_ _59\"> </span>parametrach <span class=\"_ _59\"> </span>modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _146\"> </span>prawdopodobie\u0144<span class=\"_ _3\"></span>stwa  niewyp\u0142acalno\u015bci. Oznacza <span class=\"_ _1\"> </span>to, <span class=\"_ _74\"> </span>\u017ce <span class=\"_ _1\"> </span>je\u017celi <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>wyniku <span class=\"_ _1\"> </span>analizy <span class=\"_ _1\"> </span>danych <span class=\"_ _74\"> </span>makroekonomic<span class=\"_ _3\"></span>znych <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>akich <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>np.: <span class=\"_ _74\"> </span> <span class=\"_ _1\"> </span>bie\u017c\u0105ca <span class=\"_ _74\"> </span>dynamika <span class=\"_ _1\"> </span>PKB, <span class=\"_ _1\"> </span>warto\u015b\u0107 inflacji, <span class=\"_ _0\"></span>wska\u017anik <span class=\"_ _0\"></span>bezrob<span class=\"_ _3\"></span>ocia <span class=\"_ _0\"> </span>czy <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _0\"></span>WIG, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>uzna, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _0\"></span>nast\u0105pi\u0142o <span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>pogorsz<span class=\"_ _3\"></span>enie <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>stosunku <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>poprzedniego okresu, <span class=\"_ _74\"> </span>w  kalkula<span class=\"_ _3\"></span>cji <span class=\"_ _74\"> </span>ECL  uwz<span class=\"_ _3\"></span>gl\u0119dnia <span class=\"_ _74\"> </span>si\u0119  cz<span class=\"_ _3\"></span>ynnik <span class=\"_ _74\"> </span><span class=\"ff3\">looking <span class=\"_ _74\"> </span>forward</span>, <span class=\"_ _74\"> </span>koryguj\u0105cy  ryz<span class=\"_ _3\"></span>yko <span class=\"_ _58\"> </span>zwi\u0105zan<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>ze  spadki<span class=\"_ _3\"></span>em <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>dzysk\u00f3w<span class=\"_ _3\"></span> z nale\u017cno\u015bci. <span class=\"_ _146\"> </span>Mimo <span class=\"_ _57\"> </span>rosn\u0105cej <span class=\"_ _57\"> </span>inflacji <span class=\"_ _57\"> </span>przy <span class=\"_ _57\"> </span>korzystnym <span class=\"_ _146\"> </span>kszta\u0142towaniu <span class=\"_ _146\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>m.in. <span class=\"_ _57\"> </span>wska\u017anik\u00f3w  PKB, <span class=\"_ _57\"> </span>bezrobocia <span class=\"_ _57\"> </span>a <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>ak\u017ce<span class=\"_ _3\"></span> prognoz <span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>wska\u017anik\u00f3w <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>stwierdzi\u0142a <span class=\"_ _2\"></span>pogorszenia <span class=\"_ _2\"></span>czynnik\u00f3w <span class=\"_ _2\"></span>makroekonomicznyc<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 ko\u0144cz\u0105cy okres spraw<span class=\"_ _3\"></span>ozdawczy tj. <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>022 r<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span>2022 2021 Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 1 stycznia<span class=\"ff2\"> </span>435<span class=\"_ _192\"> </span>444<span class=\"_ _192\"> </span>Zmiana stanu na<span class=\"_ _3\"></span>le\u017cno\u015bci  31<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie -<span class=\"_ _192\"> </span>(14)<span class=\"_ _192\"> </span>Nota 10.2<span class=\"_ _192\"> </span>Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 31 grudnia<span class=\"fc0\"> </span>466<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>Poni\u017csza <span class=\"_ _146\"> </span>tabe<span class=\"_ _2\"></span>la <span class=\"_ _146\"> </span>przedstawia <span class=\"_ _57\"> </span>zmian\u0119 <span class=\"_ _57\"> </span>oszacowania <span class=\"_ _57\"> </span>oczekiwanej <span class=\"_ _146\"> </span>st<span class=\"_ _2\"></span>raty <span class=\"_ _57\"> </span>kredytowej <span class=\"_ _146\"> </span>z <span class=\"_ _57\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _146\"> </span>nale\u017cno<span class=\"_ _2\"></span>\u015bci <span class=\"_ _146\"> </span>od <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>dbiorc\u00f3w<span class=\"_ _3\"></span> wycenianych w zam<span class=\"_ _3\"></span>ortyzowanym <span class=\"_ _3\"></span>koszcie.  <span class=\"_ _14e\"> </span><span class=\"fc2\">2022 </span>2021 Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 1 stycznia<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> <span class=\"_ _5c\"> </span> </span>36<span class=\"_ _192\"> </span>53<span class=\"_ _192\"> </span>Zmiana odpisu w okr<span class=\"_ _3\"></span>esie uj\u0119ta w ra<span class=\"_ _3\"></span>chunku wynik\u00f3w 3 (3)<span class=\"_ _192\"> </span>Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie -<span class=\"_ _192\"> </span>(14)<span class=\"_ _192\"> </span>Nota 10.2<span class=\"_ _192\"> </span>Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 31 grudni<span class=\"_ _3\"></span>a <span class=\"fc0\"> <span class=\"_ _56\"> </span> </span>39<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>Na dzie\u0144 <span class=\"_ _2\"></span>31 g<span class=\"_ _2\"></span>rudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>kwota wie<span class=\"_ _2\"></span>rzytelno\u015bci spornych wynosi 36 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>(na dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2021 r.<span class=\"_ _2\"></span> 35 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN). Grupa <span class=\"_ _5a\"> </span>Kapita\u0142owa <span class=\"_ _54\"> </span>prowadzi <span class=\"_ _5a\"> </span>dzia\u0142ania <span class=\"_ _5a\"> </span>zmierzaj\u0105ce <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>odzys<span class=\"_ _3\"></span>kania <span class=\"_ _5a\"> </span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _5a\"> </span>wierzytelno\u015bci <span class=\"_ _5a\"> </span>lub <span class=\"_ _54\"> </span>wyja\u015bnienia <span class=\"_ _5a\"> </span>zasadno\u015bci dochodzenia roszcze<span class=\"_ _3\"></span>\u0144. Nota <span class=\"_ _74\"> </span>7.5.2.4  R<span class=\"_ _3\"></span>yzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane  z <span class=\"_ _1\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>wsp\u00f3lnemu  pr<span class=\"_ _3\"></span>zedsi\u0119wzi\u0119ciu <span class=\"_ _1\"> </span>Sierra  Gord<span class=\"_ _3\"></span>a S.C.M. (POCI) Ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>uzale\u017cnione <span class=\"_ _1\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _74\"> </span>od <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>zwi\u0105zanego <span class=\"_ _74\"> </span>z realizacj\u0105 <span class=\"_ _74\"> </span>wsp\u00f3lnego przedsi\u0119wzi\u0119cia <span class=\"_ _74\"> </span>g\u00f3rniczego <span class=\"_ _74\"> </span>w  Chile <span class=\"_ _74\"> </span>(Sierra  G<span class=\"_ _3\"></span>orda  S.C.<span class=\"_ _3\"></span>M.).  Po\u017cy<span class=\"_ _3\"></span>czki  te <span class=\"_ _74\"> </span>ze  wzgl<span class=\"_ _3\"></span>\u0119du  na <span class=\"_ _74\"> </span>rozpoznan\u0105 <span class=\"_ _74\"> </span>utrat\u0119  warto\u015bci <span class=\"_ _74\"> </span>na moment  p<span class=\"_ _3\"></span>ocz\u0105tkowego  uj\u0119cia <span class=\"_ _74\"> </span>ze  wzgl\u0119du  na <span class=\"_ _74\"> </span>ryzyko  kredyt<span class=\"_ _3\"></span>owe,  zakwalifik<span class=\"_ _3\"></span>owane  zosta\u0142<span class=\"_ _3\"></span>y  jako  POC<span class=\"_ _3\"></span>I  i  na <span class=\"_ _74\"> </span>kolejne  dni<span class=\"_ _3\"></span> ko\u0144cz\u0105ce <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresy <span class=\"_ _2\"></span>sprawozdawcze <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>wyceniane <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zamortyzowa<span class=\"_ _3\"></span>nym <span class=\"_ _53\"></span>koszcie <span class=\"_ _2\"></span>przy <span class=\"_ _53\"></span>zastosowaniu metody<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>efektywnej <span class=\"_ _2\"></span>stopy procentowej z <span class=\"_ _3\"></span>wykorzystaniem  efektyw<span class=\"_ _3\"></span>nej stopy dyskontow<span class=\"_ _3\"></span>ej skorygowanej o ryzyk<span class=\"_ _3\"></span>o kredytowe. <span class=\"_ _3\"></span> Podstaw\u0119 <span class=\"_ _2\"></span>naliczenia <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dsetek <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>po\u017cyczek <span class=\"_ _2\"></span>POCI <span class=\"_ _53\"></span>stanowi <span class=\"_ _53\"></span>ich <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>brutto <span class=\"_ _2\"></span>pomniejszona <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>kwot\u0119 <span class=\"_ _53\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>utraty<span class=\"_ _3\"></span> warto\u015bci na momen<span class=\"_ _3\"></span>t pocz\u0105tkowego uj\u0119<span class=\"_ _3\"></span>cia. Udzielona <span class=\"_ _74\"> </span>po\u017cyczka <span class=\"_ _74\"> </span>nie <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>zabezpiecze\u0144 <span class=\"_ _74\"> </span>ograniczaj\u0105cych <span class=\"_ _1\"> </span>ekspozycj\u0119 <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>ryzyko  k<span class=\"_ _3\"></span>redytowe, <span class=\"_ _74\"> </span>dlatego <span class=\"_ _74\"> </span>maksymalna warto\u015b\u0107 <span class=\"_ _74\"> </span>nara\u017con\u0105 <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>potencjaln\u0105 <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>rat\u0119 <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>kredytoweg<span class=\"_ _3\"></span>o <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>anowi <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>brutto <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>\u017cyczki, <span class=\"_ _1\"> </span>pomniejszona o oczekiwane strat<span class=\"_ _3\"></span>y kredytowe uj\u0119te z<span class=\"_ _3\"></span>godnie z MSSF9. Zmiany warto\u015bci udz<span class=\"_ _3\"></span>ielonych po\u017cyczek POC<span class=\"_ _3\"></span>I w okresie sprawozd<span class=\"_ _3\"></span>awczym i por\u00f3wnawcz<span class=\"_ _3\"></span>ym przedstawia<span class=\"_ _3\"></span> Nota 6.2. Zar\u00f3wno <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _74\"> </span>sprawozdawczym <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>por\u00f3<span class=\"_ _2\"></span>wnawczym <span class=\"_ _1\"> </span>nie <span class=\"_ _74\"> </span>rozpoznano <span class=\"_ _74\"> </span>oczekiwanej <span class=\"_ _74\"> </span>utraty <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>\u017cyczek POCI. Analiza <span class=\"_ _5d\"> </span>wra\u017cliwo\u015bci<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>warto\u015bci <span class=\"_ _69\"> </span>godziwej <span class=\"_ _5d\"> </span>po\u017cyczek <span class=\"_ _5d\"> </span>ze <span class=\"_ _5d\"> </span>wzgl\u0119du <span class=\"_ _69\"> </span>na <span class=\"_ _5d\"> </span>zmiany <span class=\"_ _5d\"> </span>prognozow<span class=\"_ _3\"></span>anych <span class=\"_ _5d\"> </span>przep\u0142yw\u00f3w Sierra Gorda S.C.M.<span class=\"_ _3\"></span> Na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>Grupa <span class=\"_ _1\"> </span>Kapita\u0142owa <span class=\"_ _0\"></span>zaklasyfik<span class=\"_ _3\"></span>owa\u0142a <span class=\"_ _0\"></span>wycen\u0119 <span class=\"_ _0\"> </span>do <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"></span>udzielonych <span class=\"_ _0\"></span>po\u017cyczek <span class=\"_ _0\"></span>do<span class=\"_ _3\"></span> poziomu <span class=\"_ _0\"></span>3 <span class=\"_ _0\"> </span>hie<span class=\"_ _2\"></span>rarchii <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej, <span class=\"_ _0\"></span>ze <span class=\"_ _0\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>wykorzystanie <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>wycenie <span class=\"_ _0\"></span>istotnego <span class=\"_ _0\"></span>parametru <span class=\"_ _0\"></span>niemierzalnego,<span class=\"_ _3\"></span> jakim <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>prognozowane <span class=\"_ _53\"></span>przep\u0142ywy <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _53\"></span>Przep\u0142ywy <span class=\"_ _53\"></span>te <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>najwi\u0119kszym <span class=\"_ _53\"></span>stopniu <span class=\"_ _2\"></span>wra\u017cliwe <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>zmian\u0119 <span class=\"_ _53\"></span>c<span class=\"_ _2\"></span>en miedzi, <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>ra <span class=\"_ _0\"> </span>i<span class=\"_ _2\"></span>mplikuje <span class=\"_ _0\"></span>pozosta\u0142e <span class=\"_ _1\"> </span>za\u0142o\u017cenia <span class=\"_ _0\"></span>takie <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>prognozowana<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>produkcja <span class=\"_ _1\"> </span>i <span class=\"_ _0\"> </span>mar\u017ca <span class=\"_ _1\"> </span>operacyjna. <span class=\"_ _1\"> </span>Dlatego <span class=\"_ _1\"> </span>te\u017c <span class=\"_ _0\"></span>Grupa przeprowadzi\u0142a an<span class=\"_ _3\"></span>aliz\u0119 wra\u017cliwo\u015bci warto\u015bci <span class=\"_ _3\"></span>godziwej po\u017cyczek n<span class=\"_ _3\"></span>a zmian\u0119 ceny mi<span class=\"_ _3\"></span>edzi. Ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>znaczn\u0105 <span class=\"_ _1\"> </span>wra\u017cliwo\u015b\u0107 <span class=\"_ _74\"> </span>prognozowanych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>Sierra <span class=\"_ _1\"> </span>Gorda <span class=\"_ _74\"> </span>S.C.M. <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>zmiany <span class=\"_ _1\"> </span>cen <span class=\"_ _74\"> </span>miedzi, <span class=\"_ _1\"> </span>zgodnie z MSSF 13 p.93<span class=\"_ _3\"></span>.f Grupa przeprowadzi\u0142a a<span class=\"_ _3\"></span>naliz\u0119 wra\u017cliwo\u015bci wart<span class=\"_ _3\"></span>o\u015bci godziwej (pozi<span class=\"_ _3\"></span>om 3) po\u017cyczek <span class=\"_ _3\"></span>na zmian\u0119 cen miedzi. Ceny miedzi [USD/t]<span class=\"_ _192\"> </span>Scenariusze 31.12<span class=\"_ _3\"></span>.2022 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>3<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>2027<span class=\"_ _192\"> </span>LT<span class=\"_ _192\"> </span>Bazowy <span class=\"_ _e\"> </span>8 200<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>7 700<span class=\"_ _192\"> </span>Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt<span class=\"_ _192\"> </span>w ca\u0142ym okresie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 7 980<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>7 480<span class=\"_ _192\"> </span>Bazowy plus 0,1<span class=\"_ _3\"></span> USD/funt w ca\u0142ym okresi<span class=\"_ _3\"></span>e \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 420<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>7 920<span class=\"_ _192\"> </span>Ceny miedzi [USD/t]<span class=\"_ _192\"> </span>Scenariusze 31.12<span class=\"_ _3\"></span>.2021 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>2023<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>LT<span class=\"_ _192\"> </span>Bazowy <span class=\"_ _e\"> </span>8 500<span class=\"_ _192\"> </span>8 000<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 000<span class=\"_ _192\"> </span>Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt w ca\u0142ym okr<span class=\"_ _3\"></span>esie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 280<span class=\"_ _192\"> </span>7 780<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>6 780<span class=\"_ _192\"> </span>Bazowy plus 0,1<span class=\"_ _3\"></span> USD/funt w ca\u0142y<span class=\"_ _3\"></span>m okresie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 720<span class=\"_ _192\"> </span>8 220<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 220<span class=\"_ _192\"> </span>Warto\u015b\u0107godziwaAnaliza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci godziwej <span class=\"_ _3\"></span> na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu  7 787<span class=\"_ _192\"> </span>8 064<span class=\"_ _192\"> </span>7 465<span class=\"_ _192\"> </span>Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu (mln USD)<span class=\"_ _192\"> </span>1 769<span class=\"_ _192\"> </span>1 832<span class=\"_ _192\"> </span>1 696<span class=\"_ _192\"> </span>Warto\u015b\u0107bilansowaAnaliza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci bilans<span class=\"_ _3\"></span>owej  na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu 9 603<span class=\"_ _192\"> </span>9 7669 380Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu (mln USD)<span class=\"_ _192\"> </span>2 182<span class=\"_ _192\"> </span>2 219<span class=\"_ _192\"> </span>2 131<span class=\"_ _192\"> </span>Maksymalna <span class=\"_ _59\"> </span>po<span class=\"_ _3\"></span>tencjalna <span class=\"_ _59\"> </span>warto\u015b\u0107 <span class=\"_ _57\"> </span>bilansowa <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _59\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>za\u0142o\u017ceniu <span class=\"_ _59\"> </span>wype\u0142nienia <span class=\"_ _57\"> </span>zobowi\u0105za\u0144 umownych wyn<span class=\"_ _3\"></span>osi 2 576 mln USD (11 <span class=\"_ _3\"></span>339 mln PLN). W <span class=\"_ _53\"></span>dniu <span class=\"_ _2\"></span>22 <span class=\"_ _53\"></span>lutego <span class=\"_ _53\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>mia\u0142o <span class=\"_ _2\"></span>miejsce <span class=\"_ _53\"></span>zako\u0144czenie <span class=\"_ _2\"></span>transakcji <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>udzia\u0142\u00f3w <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>ierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _2\"></span>przez Sumitomo Metal Mining Co., Ltd. oraz Sumitomo Corporation do South32 Limited, australijskiej grupy g\u00f3rniczej z siedzib\u0105 w Perth. Transakcja <span class=\"_ _3\"></span>zosta\u0142a przeprowadzona na<span class=\"_ _3\"></span> podstawie um<span class=\"_ _3\"></span>\u00f3w sprzeda\u017cy za<span class=\"_ _3\"></span>wartych w dniu 1<span class=\"_ _3\"></span>4 pa\u017adziernika 20<span class=\"_ _3\"></span>21 r.  Maj\u0105c <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>uwadze <span class=\"_ _0\"></span>powy\u017csz\u0105 <span class=\"_ _0\"></span>transakcj\u0119 <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wiedzy <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>mat <span class=\"_ _0\"></span>szczeg\u00f3\u0142\u00f3w <span class=\"_ _0\"></span>procesu <span class=\"_ _0\"></span>negocjacji <span class=\"_ _0\"></span>warunk\u00f3w <span class=\"_ _0\"></span>transakcji oraz <span class=\"_ _2\"></span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>dok<span class=\"_ _3\"></span>onanych <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>strony <span class=\"_ _53\"></span>uczestnicz\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>transakcji, <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>akt, <span class=\"_ _2\"></span>i\u017c <span class=\"_ _53\"></span>udzia\u0142y <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>.C.M. <span class=\"_ _2\"></span>nie <span class=\"_ _53\"></span>s\u0105<span class=\"_ _3\"></span> przedmiotem publiczn<span class=\"_ _3\"></span>ych notowa\u0144, nie jest zasadne dokonanie wyceny bilan<span class=\"_ _3\"></span>sowej warto\u015bci po\u017cyczki poprzez <span class=\"_ _3\"></span>odniesienie wprost <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>transakcyjnej <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>transakcji <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>zaanga\u017cowania w <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda S.C.M. (<span class=\"_ _2\"></span>tj. <span class=\"_ _2\"></span>udzia\u0142u <span class=\"_ _53\"></span>kapita\u0142oweg<span class=\"_ _3\"></span>o oraz nale\u017cno\u015bci po\u017c<span class=\"_ _3\"></span>yczkowej).  Niemniej  jednak <span class=\"_ _74\"> </span>Grupa  dokona\u0142a  por<span class=\"_ _3\"></span>\u00f3wnania  warto\u015bci  bilans<span class=\"_ _3\"></span>owej  zaanga\u017c<span class=\"_ _3\"></span>owania  we  wsp<span class=\"_ _3\"></span>\u00f3lne  przedsi\u0119wzi\u0119<span class=\"_ _3\"></span>cie  Sierra Gorda  S.C.M. <span class=\"_ _146\"> </span>(tj. <span class=\"_ _146\"> </span>nale\u017cno\u015b\u0107 <span class=\"_ _146\"> </span>z <span class=\"_ _146\"> </span>ty<span class=\"_ _2\"></span>t.  po<span class=\"_ _2\"></span>\u017cyczki  oraz  inwestycja  w  instrumenty <span class=\"_ _146\"> </span>kapita\u0142owe)  do<span class=\"_ _2\"></span>  ceny <span class=\"_ _146\"> </span>transakcyjnej  w <span class=\"_ _146\"> </span>ce<span class=\"_ _2\"></span>lu weryfikacji, <span class=\"_ _59\"> </span>czy <span class=\"_ _57\"> </span>\u0142<span class=\"_ _2\"></span>\u0105czna <span class=\"_ _57\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>bilansowa <span class=\"_ _59\"> </span>zaanga\u017c<span class=\"_ _3\"></span>owania <span class=\"_ _59\"> </span>nie <span class=\"_ _57\"> </span>odbiega <span class=\"_ _59\"> </span>istotnie <span class=\"_ _59\"> </span>od <span class=\"_ _59\"> </span>warto\u015bci<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>jaka <span class=\"_ _59\"> </span>wynika\u0142aby <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>ceny transakcyjnej, <span class=\"_ _0\"></span>uwzgl\u0119dniaj\u0105c: <span class=\"_ _0\"></span>(i) ograniczenia <span class=\"_ _0\"></span>co do mo\u017cliwo\u015bci <span class=\"_ _0\"></span>uzyskania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>Grup\u0119 <span class=\"_ _1\"> </span>pe\u0142nej <span class=\"_ _0\"></span>wiedzy <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>zakresie <span class=\"_ _1\"> </span>procesu doj\u015bcia <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>ceny <span class=\"_ _0\"></span>transakcyjnej <span class=\"_ _0\"> </span>oraz <span class=\"_ _0\"> </span>(ii)<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>r\u00f3\u017cnice <span class=\"_ _1\"> </span>w zastosowanych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sto<span class=\"_ _2\"></span>pach <span class=\"_ _0\"></span>dyskonta <span class=\"_ _0\"></span>przysz\u0142ych <span class=\"_ _0\"> </span>oczekiwanych <span class=\"_ _0\"> </span>przep\u0142yw\u00f3w pieni\u0119\u017cnych <span class=\"_ _2\"></span>mo\u017cliwych <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>uzyskania <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>JV <span class=\"_ _53\"></span>(tj. efektywna <span class=\"_ _3\"></span>stopa <span class=\"_ _53\"></span>procent<span class=\"_ _3\"></span>owa <span class=\"_ _53\"></span>dla <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>po\u017cyczki <span class=\"_ _2\"></span>wg <span class=\"_ _53\"></span>MSSF9 <span class=\"_ _2\"></span>vs <span class=\"_ _53\"></span>stopa <span class=\"_ _53\"></span>zwr<span class=\"_ _3\"></span>otu oczekiwana prz<span class=\"_ _3\"></span>ez inwestora w wycenie c<span class=\"_ _3\"></span>eny transakcyjn<span class=\"_ _3\"></span>ej).  W <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>cenie <span class=\"_ _54\"> </span>Zarz\u0105du <span class=\"_ _55\"> </span>warto\u015b\u0107 <span class=\"_ _55\"> </span>po\u017cyczek <span class=\"_ _54\"> </span>oszacowana <span class=\"_ _54\"> </span>przez <span class=\"_ _55\"> </span>Grup\u0119 <span class=\"_ _55\"> </span>nie <span class=\"_ _55\"> </span>odbiega <span class=\"_ _54\"> </span>istot<span class=\"_ _2\"></span>nie <span class=\"_ _54\"> </span>od <span class=\"_ _55\"> </span>kwoty, <span class=\"_ _55\"> </span>kt\u00f3ra <span class=\"_ _54\"> </span>zost<span class=\"_ _2\"></span>a\u0142aby<span class=\"_ _3\"></span> ustalona poprzez <span class=\"_ _3\"></span>odniesienie do <span class=\"_ _3\"></span>ceny transakcyjnej.  Nota 7.5.2.5 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z pozosta\u0142ymi aktyw<span class=\"_ _3\"></span>ami finansowymi<span class=\"_ _3\"></span> Na <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>31 <span class=\"_ _74\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>n<span class=\"_ _2\"></span>ajistotniejsz\u0105 <span class=\"_ _1\"> </span>pozycj\u0119 <span class=\"_ _74\"> </span>w  poz<span class=\"_ _3\"></span>osta\u0142ych <span class=\"_ _74\"> </span>aktywach <span class=\"_ _1\"> </span>finansowych <span class=\"_ _74\"> </span>stanowi\u0142y <span class=\"_ _74\"> </span>\u015brodki <span class=\"_ _74\"> </span>pieni\u0119\u017cne zgromadzone <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach <span class=\"_ _2\"></span>bankowych F<span class=\"_ _2\"></span>unduszu L<span class=\"_ _2\"></span>ikwidacji <span class=\"_ _2\"></span>Zak\u0142adu G\u00f3rniczego <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kwocie <span class=\"_ _2\"></span>407 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia 2021 r. <span class=\"_ _3\"></span>429 mln PLN). Wszystkie <span class=\"_ _57\"> </span>rachunki <span class=\"_ _59\"> </span>celowe <span class=\"_ _57\"> </span>Grupy, <span class=\"_ _59\"> </span>s\u0142u\u017c\u0105ce <span class=\"_ _57\"> </span>gromadzeniu <span class=\"_ _57\"> </span>\u015brodk\u00f3w <span class=\"_ _59\"> </span>pieni\u0119\u017cnych <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>celu <span class=\"_ _57\"> </span>pokrycia <span class=\"_ _59\"> </span>przysz\u0142<span class=\"_ _3\"></span>ych <span class=\"_ _59\"> </span>koszt\u00f3w<span class=\"_ _3\"></span> likwidacji <span class=\"_ _53\"></span>kopal\u0144 <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>innych <span class=\"_ _2\"></span>obiekt\u00f3w <span class=\"_ _53\"></span>technologicz<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>rekultywacji <span class=\"_ _53\"></span>sk\u0142adowisk <span class=\"_ _2\"></span>odpad\u00f3w, <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>prowadzone <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>banki posiadaj\u0105ce ratin<span class=\"_ _3\"></span>g na poziomie najwy\u017csz<span class=\"_ _3\"></span>ym lub \u015bredniowys<span class=\"_ _3\"></span>okim, potwierdzaj\u0105cy b<span class=\"_ _3\"></span>ezpiecze\u0144stwo <span class=\"_ _3\"></span>ulokowanych \u015brodk\u00f3w.<span class=\"_ _3\"></span> W <span class=\"_ _0\"></span>tabelach <span class=\"_ _53\"></span>poni\u017cej <span class=\"_ _0\"></span>zaprezento<span class=\"_ _3\"></span>wano <span class=\"_ _0\"></span>poziom <span class=\"_ _53\"></span>koncentracji <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _0\"></span>funduszy <span class=\"_ _53\"></span>celowych <span class=\"_ _0\"></span>s\u0142u\u017c\u0105cych gromadzeniu <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>celu <span class=\"_ _0\"></span>pokrycia<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>przysz\u0142ych <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _53\"></span>likwidacji <span class=\"_ _0\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>innych <span class=\"_ _53\"></span>obiekt\u00f3w technologicznych,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>wed\u0142ug <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej <span class=\"_ _0\"></span>instytucji <span class=\"_ _53\"></span>finansowych, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _0\"></span>\u015brodki <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>przechowywane <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rachunkach celowych.<span class=\"_ _192\"> </span>Poziom ratingu<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021 Najwy\u017cszy <span class=\"_ _6f\"> </span>AAA do AA- wg S&amp;P i Fitch oraz<span class=\"_ _3\"></span> od Aaa do Aa<span class=\"_ _3\"></span>3 wg Moody\u2019s 12% 10% \u015aredniowysoki od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> 88% 90% Stan na  31.12.2022 Stan na 31.12.2021<span class=\"ff2\"> </span>Kontrahent 1 358 331 Kontrahent 2 49 53 Kontrahent 3 - 45 Razem 407 429<span class=\"_ _192\"> </span>Odpisy <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _53\"></span>zgromadzo<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rachunkach <span class=\"_ _2\"></span>bankowych w <span class=\"_ _53\"></span>funduszach <span class=\"_ _2\"></span>celowych Funduszu <span class=\"_ _54\"> </span>Lik<span class=\"_ _3\"></span>widacji <span class=\"_ _54\"> </span>Zak<span class=\"_ _3\"></span>\u0142adu <span class=\"_ _54\"> </span>G\u00f3rniczeg<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidualnie <span class=\"_ _54\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _54\"> </span>salda <span class=\"_ _5a\"> </span>dotycz\u0105cego <span class=\"_ _54\"> </span>dan<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>instytucj<span class=\"_ _3\"></span>i finansowej. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>oceny <span class=\"_ _0\"></span>ryzyka<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>u\u017cyto <span class=\"_ _53\"></span>zewn\u0119trzne <span class=\"_ _0\"></span>ratingi <span class=\"_ _53\"></span>bank\u00f3w. <span class=\"_ _53\"></span>Analiza <span class=\"_ _0\"></span>wykaza\u0142a, <span class=\"_ _53\"></span>i\u017c <span class=\"_ _0\"></span>aktywa <span class=\"_ _53\"></span>te <span class=\"_ _0\"></span>maj\u0105 <span class=\"_ _53\"></span>niskie ryzyko  kredytowe  na  dzie\u0144  sprawozdawczy<span class=\"_ _3\"></span>.  Grupa  skorzysta\u0142a  z  uproszczenia  dozwolon<span class=\"_ _3\"></span>ego  przez  standard  i  odpis z tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>12-miesi\u0119cznych st<span class=\"_ _2\"></span>rat <span class=\"_ _2\"></span>kredytowych. Kalkulacja <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 kwot\u0119 odpisu z ty<span class=\"_ _3\"></span>tu\u0142u utraty warto\u015bci. A<span class=\"_ _3\"></span>ktywa te zaliczone s\u0105 <span class=\"_ _3\"></span>do Stopnia 1 mod<span class=\"_ _3\"></span>elu utraty warto\u015bci. <span class=\"_ _3\"></span> Ponadto <span class=\"_ _59\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105c<span class=\"_ _3\"></span>a <span class=\"_ _59\"> </span>do<span class=\"_ _2\"></span>kona\u0142a <span class=\"_ _59\"> </span>zmiany <span class=\"_ _59\"> </span>f<span class=\"_ _2\"></span>ormy <span class=\"_ _59\"> </span>Funduszu <span class=\"_ _59\"> </span>Rekultywacji <span class=\"_ _5a\"> </span>Sk\u0142ado<span class=\"_ _3\"></span>wisk <span class=\"_ _59\"> </span>Odpad\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>rachunku bankowego na gwar<span class=\"_ _3\"></span>ancj\u0119 bankow\u0105 <span class=\"_ _3\"></span>z dniem 15 lipca 2<span class=\"_ _3\"></span>022 r.<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 8 - Zad<span class=\"_ _2\"></span>\u0142u\u017cenie, zarz<span class=\"_ _2\"></span>\u0105dzanie p\u0142ynn<span class=\"_ _2\"></span>o\u015bci\u0105 i kapita\u0142em<span class=\"_ _2\"></span> Nota 8.1 Polityka z<span class=\"_ _3\"></span>arz\u0105dzania kapita\u0142e<span class=\"_ _3\"></span>m Zgodnie <span class=\"_ _67\"> </span>z <span class=\"_ _5e\"> </span>przyj\u0119t\u0105 <span class=\"_ _67\"> </span>pra<span class=\"_ _3\"></span>ktyk\u0105 <span class=\"_ _67\"> </span>rynkow\u0105,<span class=\"_ _3\"></span> <span class=\"_ _67\"> </span>Grupa <span class=\"_ _5e\"> </span>monitoruje <span class=\"_ _5e\"> </span>poziom <span class=\"_ _67\"> </span>bezpiecz<span class=\"_ _3\"></span>e\u0144stwa <span class=\"_ _5e\"> </span>f<span class=\"_ _2\"></span>inansoweg<span class=\"_ _3\"></span>o <span class=\"_ _67\"> </span>mi\u0119dzy <span class=\"_ _5e\"> </span>innymi na podstawie wska\u017anika<span class=\"_ _3\"></span> D\u0142ug Netto/Skor<span class=\"_ _3\"></span>ygowana EBITDA  z<span class=\"_ _3\"></span>aprezentowanego w tabeli <span class=\"_ _3\"></span>poni\u017cej: <span class=\"fc4\">w</span> *<span class=\"_ _192\"> </span>Warto\u015b\u0107 d\u0142ugu <span class=\"_ _3\"></span>netto nie zawiera zo<span class=\"_ _3\"></span>bowi\u0105za\u0144 z tytu\u0142u fakt<span class=\"_ _3\"></span>oringu d\u0142u\u017cnego. ** Skorygowana EBITDA <span class=\"_ _2\"></span>za okres 12 <span class=\"_ _2\"></span>miesi\u0119cy ko\u0144cz\u0105cy si\u0119 <span class=\"_ _2\"></span>w ostatnim dniu <span class=\"_ _2\"></span>okresu sprawozdawczego, bez uwzgl\u0119dnienia <span class=\"_ _2\"></span>EBITDA<span class=\"_ _3\"></span> wsp\u00f3lnego przedsi\u0119w<span class=\"_ _3\"></span>zi\u0119cia Sierra Gorda S.C.<span class=\"_ _3\"></span>M. W procesie zarz\u0105dzania p\u0142ynno\u015bci\u0105 i kapita\u0142em G<span class=\"_ _2\"></span>rupa zwraca tak\u017ce uwag\u0119 na <span class=\"_ _2\"></span>warto\u015b\u0107 skorygowanego zysku z dzia\u0142alno\u015bci<span class=\"_ _3\"></span> operacyjnej, stan<span class=\"_ _3\"></span>owi\u0105cego podstaw\u0119 do wy<span class=\"_ _3\"></span>liczenia kowenantu f<span class=\"_ _3\"></span>inansowego, n<span class=\"_ _3\"></span>a kt\u00f3r\u0105 sk\u0142adaj\u0105 si\u0119 <span class=\"_ _3\"></span>nast\u0119puj\u0105ce pozycje:<span class=\"_ _3\"></span> od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Zysk netto na spr<span class=\"_ _3\"></span>zeda\u017cy 4 344<span class=\"_ _192\"> </span>4 710<span class=\"_ _192\"> </span>Przychody odsetk<span class=\"_ _3\"></span>owe od po\u017cyczek udziel<span class=\"_ _3\"></span>onych wsp\u00f3lnemu prz<span class=\"_ _3\"></span>edsi\u0119wzi\u0119ciu  582 494<span class=\"_ _192\"> </span>Pozosta\u0142e przych<span class=\"_ _3\"></span>ody i (koszty) op<span class=\"_ _3\"></span>eracyjne  962 711<span class=\"_ _192\"> </span>Skorygowany zysk z d<span class=\"_ _3\"></span>zia\u0142alno\u015bc<span class=\"_ _3\"></span>i operacyjnej* 5 888<span class=\"_ _192\"> </span>5 915 *Warto\u015b\u0107 nie uwzgl\u0119<span class=\"_ _3\"></span>dnia zysku z tytu\u0142u o<span class=\"_ _3\"></span>dwr\u00f3cenia utraty war<span class=\"_ _3\"></span>to\u015bci po\u017cyczek udzielo<span class=\"_ _3\"></span>nych wsp\u00f3lnemu przedsi\u0119w<span class=\"_ _3\"></span>zi\u0119ciu. Na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>ko\u0144cz\u0105cy <span class=\"_ _1\"> </span>okres <span class=\"_ _1\"> </span>sprawozdawczy, <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>trakcie <span class=\"_ _1\"> </span>roku <span class=\"_ _1\"> </span>obrotowego <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>po <span class=\"_ _1\"> </span>dniu <span class=\"_ _1\"> </span>ko\u0144cz\u0105cym <span class=\"_ _1\"> </span>okres <span class=\"_ _1\"> </span>sprawozdawczy,<span class=\"_ _3\"></span> do dnia <span class=\"_ _53\"></span>publikacji <span class=\"_ _53\"></span>niniejszego <span class=\"_ _53\"></span>Skonsolidowan<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>sprawozdania <span class=\"_ _53\"></span>finansowego, <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>kowenantu <span class=\"_ _2\"></span>finanso<span class=\"_ _2\"></span>wego <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>bj\u0119tego obowi\u0105zkiem <span class=\"_ _0\"></span>raportowania <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _0\"></span>30 czerwca <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _0\"></span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _0\"></span>spe\u0142nia\u0142a <span class=\"_ _1\"> </span>zapisy <span class=\"_ _0\"></span>zawarte <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>umowach kredytowych. Nota 8.2 Kapita\u0142y<span class=\"_ _3\"></span><span class=\"ff2\"> </span>Nota 8.2.1 Kapita\u0142 <span class=\"_ _3\"></span>akcyjny Na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _1\"> </span>i <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>dzie\u0144 <span class=\"_ _0\"></span>podpisania <span class=\"_ _0\"></span>niniejszego <span class=\"_ _0\"></span>sprawozdania <span class=\"_ _0\"></span>kapita\u0142 <span class=\"_ _0\"></span>zak\u0142ad<span class=\"_ _3\"></span>owy <span class=\"_ _0\"> </span>Je<span class=\"_ _2\"></span>dnostki <span class=\"_ _0\"></span>Dominuj\u0105cej,<span class=\"_ _3\"></span> zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>wpisem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>Krajowego <span class=\"_ _1\"> </span>Rejestru <span class=\"_ _1\"> </span>S\u0105dowego, <span class=\"_ _0\"> </span>wynosi\u0142 <span class=\"_ _1\"> </span>2 <span class=\"_ _1\"> </span>000 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN <span class=\"_ _74\"> </span>i <span class=\"_ _1\"> </span>dzieli\u0142 <span class=\"_ _74\"> </span>si\u0119 <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>200 000 <span class=\"_ _0\"></span>000 <span class=\"_ _1\"> </span>akcji <span class=\"_ _74\"> </span>serii <span class=\"_ _1\"> </span>A, w pe\u0142ni o<span class=\"_ _2\"></span>p\u0142aconych,<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>o warto\u015bci <span class=\"_ _2\"></span>nominaln<span class=\"_ _3\"></span>ej <span class=\"_ _2\"></span>10 <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>ka\u017cda. Wszystkie <span class=\"_ _2\"></span>akcje s\u0105 <span class=\"_ _2\"></span>akcjami <span class=\"_ _2\"></span>na o<span class=\"_ _2\"></span>kaziciel<span class=\"_ _3\"></span>a. <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca nie wyemitowa\u0142a akcji uprzywilejowanych. Ka\u017cda akcja <span class=\"_ _2\"></span>daje <span class=\"_ _2\"></span>prawo <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>jednego g\u0142osu na <span class=\"_ _2\"></span>walnym <span class=\"_ _2\"></span>zgromadzeniu. Jednostka Dominuj\u0105ca <span class=\"_ _53\"></span>nie <span class=\"_ _0\"></span>posiada <span class=\"_ _53\"></span>akcji <span class=\"_ _0\"></span>w\u0142asnych. <span class=\"_ _53\"></span>Sp\u00f3\u0142ki <span class=\"_ _0\"></span>zale\u017cne <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _0\"></span>b\u0119d\u0105ce <span class=\"_ _53\"></span>wsp\u00f3lnymi <span class=\"_ _0\"></span>przedsi<span class=\"_ _3\"></span>\u0119wzi\u0119ciami <span class=\"_ _53\"></span>nie <span class=\"_ _0\"></span>posiadaj\u0105 <span class=\"_ _0\"></span>akcji KGHM Polska Mied\u017a <span class=\"_ _3\"></span>S.A. W <span class=\"_ _2\"></span>latach <span class=\"_ _2\"></span>zako\u0144czonych 31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 r. <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>mia\u0142y <span class=\"_ _53\"></span>miejsca zmiany <span class=\"_ _2\"></span>wysoko\u015bci kapita\u0142u <span class=\"_ _2\"></span>zak\u0142adowego zarejestrowanego i <span class=\"_ _2\"></span>liczby <span class=\"_ _2\"></span>akcji. <span class=\"_ _2\"></span>Ponadto, w <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>roku <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>wyst\u0105pi\u0142y <span class=\"_ _2\"></span>zmiany <span class=\"_ _2\"></span>w\u0142asno\u015bci znacznych <span class=\"_ _2\"></span>pakiet\u00f3w akcji KGHM Polska Mied\u017a <span class=\"_ _3\"></span>S.A. Struktura <span class=\"_ _5a\"> </span>akcjonaria<span class=\"_ _3\"></span>tu <span class=\"_ _5a\"> </span>Jednostk<span class=\"_ _3\"></span>i <span class=\"_ _5a\"> </span>Dominuj\u0105cej <span class=\"_ _5a\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>31 <span class=\"_ _5a\"> </span>grudnia <span class=\"_ _59\"> </span>2022 <span class=\"_ _5a\"> </span>r., <span class=\"_ _59\"> </span>ustalona <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>podstawie <span class=\"_ _5a\"> </span>zawiadomi<span class=\"_ _3\"></span>e\u0144 otrzymanych <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>Jednostk\u0119 <span class=\"_ _1\"> </span>Dominuj\u0105c\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>oparciu <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>art. <span class=\"_ _0\"></span>69 <span class=\"_ _1\"> </span>Ustawy <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>ofercie <span class=\"_ _0\"> </span>publicznej <span class=\"_ _1\"> </span>i <span class=\"_ _0\"></span>warunkach <span class=\"_ _0\"></span>wprowadzania instrument\u00f3w <span class=\"_ _5a\"> </span>finansowych <span class=\"_ _5a\"> </span>do <span class=\"_ _59\"> </span>zo<span class=\"_ _2\"></span>rganizowaneg<span class=\"_ _3\"></span>o <span class=\"_ _5a\"> </span>sy<span class=\"_ _2\"></span>stemu <span class=\"_ _5a\"> </span>obrotu <span class=\"_ _5a\"> </span>oraz <span class=\"_ _5a\"> </span>o <span class=\"_ _5a\"> </span>sp\u00f3\u0142kach <span class=\"_ _54\"> </span>public<span class=\"_ _3\"></span>znych, <span class=\"_ _5a\"> </span>przedstawia\u0142a <span class=\"_ _5a\"> </span>si\u0119 nast\u0119puj\u0105co: akcjonariusz<span class=\"_ _192\"> </span>liczba akcji/liczba g\u0142os\u00f3w<span class=\"fc0\"> </span>\u0142\u0105czna warto\u015b\u0107 nominalna akcj<span class=\"_ _3\"></span>i (PLN)<span class=\"fc0\"> </span>udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbi<span class=\"_ _3\"></span>e g\u0142os\u00f3w<span class=\"fc0\"> </span>Skarb Pa\u0144stwa<span class=\"_ _3\"></span> <span class=\"_ _151\"> </span>63 589 <span class=\"_ _3\"></span>900 <span class=\"_ _77\"> </span>635 899 000 <span class=\"_ _c7\"> </span>31,79% Nationale-Nederland<span class=\"_ _3\"></span>en Otwarty Fundusz<span class=\"_ _3\"></span> Emerytalny <span class=\"_ _6e\"> </span>10 104 354 <span class=\"_ _77\"> </span>101 043 <span class=\"_ _3\"></span>540 <span class=\"_ _db\"> </span>5,05% Aviva Otwarty Fun<span class=\"_ _3\"></span>dusz Emerytaln<span class=\"_ _3\"></span>y Aviva Santander <span class=\"_ _2a\"> </span>10 039 6<span class=\"_ _3\"></span>84<span class=\"_ _2\"></span> <span class=\"_ _77\"> </span>100 39<span class=\"_ _3\"></span>6 840 <span class=\"_ _db\"> </span>5,<span class=\"_ _3\"></span>02% Pozostali akcjonariusz<span class=\"_ _3\"></span>e <span class=\"_ _152\"> </span>116 266<span class=\"_ _3\"></span> 062 <span class=\"_ _f4\"> </span>1 162 660 620 <span class=\"_ _6\"> </span>58,14% Razem <span class=\"_ _c5\"> </span>200 000 000 <span class=\"_ _f4\"> </span>2 000 000 <span class=\"_ _3\"></span>000 <span class=\"_ _e8\"> </span>100,00% W <span class=\"_ _74\"> </span>dniu <span class=\"_ _74\"> </span>5 <span class=\"_ _74\"> </span>stycznia <span class=\"_ _74\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>S<span class=\"_ _2\"></span>p\u00f3\u0142ka <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _74\"> </span>poinformowana <span class=\"_ _1\"> </span>o <span class=\"_ _58\"> </span>po\u0142\u0105czeniu <span class=\"_ _1\"> </span>sp\u00f3\u0142ek: <span class=\"_ _74\"> </span>Powszechne <span class=\"_ _1\"> </span>Towarzystwo <span class=\"_ _74\"> </span>Emerytaln<span class=\"_ _3\"></span>e Allianz <span class=\"_ _53\"></span>Polska <span class=\"_ _0\"></span>Sp\u00f3<span class=\"_ _3\"></span>\u0142ka <span class=\"_ _0\"></span>Akcyjn<span class=\"_ _3\"></span>a <span class=\"_ _53\"></span>(<span class=\"_ _2\"></span>PTE <span class=\"_ _53\"></span>Allianz <span class=\"_ _53\"></span>Polska <span class=\"_ _53\"></span>S.A.) <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>Aviva <span class=\"_ _53\"></span>Powszechne <span class=\"_ _53\"></span>Towarzystwo <span class=\"_ _53\"></span>Emerytalne <span class=\"_ _53\"></span>Aviva <span class=\"_ _53\"></span>Santander Sp\u00f3\u0142ka <span class=\"_ _0\"></span>Akcyjna. <span class=\"_ _0\"></span>W <span class=\"_ _0\"></span>wyniku <span class=\"_ _0\"></span>po\u0142\u0105czenia <span class=\"_ _0\"></span>\u0142\u0105cznie <span class=\"_ _0\"></span>stan <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>rachunkach <span class=\"_ _0\"></span>funduszy <span class=\"_ _0\"></span>zarz\u0105dz<span class=\"_ _3\"></span>anych <span class=\"_ _0\"></span>przez <span class=\"_ _0\"> </span>PTE <span class=\"_ _0\"> </span>Allianz <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>S.A.: Allianz <span class=\"_ _0\"></span>Otwarty <span class=\"_ _0\"></span>Fundusz <span class=\"_ _0\"></span>Emerytalny, <span class=\"_ _0\"></span>Allianz <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>Dobrowolny <span class=\"_ _0\"></span>Fundusz <span class=\"_ _0\"></span>Emerytalny <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>Drugi <span class=\"_ _0\"></span>Allianz <span class=\"_ _0\"> </span>Pols<span class=\"_ _2\"></span>ka <span class=\"_ _0\"></span>Otwarty Fundusz <span class=\"_ _5a\"> </span>Emerytalny <span class=\"_ _5a\"> </span>wyni\u00f3s\u0142 <span class=\"_ _5a\"> </span>12 2<span class=\"_ _3\"></span>41 <span class=\"_ _5a\"> </span>453 <span class=\"_ _5a\"> </span>akcji <span class=\"_ _5a\"> </span>KGHM <span class=\"_ _54\"> </span>Polska<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>Mie<span class=\"_ _2\"></span>d\u017a <span class=\"_ _5a\"> </span>S.A., <span class=\"_ _5a\"> </span>stanowi\u0105cych <span class=\"_ _5a\"> </span>6,1<span class=\"_ _3\"></span>2% <span class=\"_ _5a\"> </span>udzia\u0142u <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>kapitale zak\u0142adowym Sp<span class=\"_ _3\"></span>\u00f3\u0142ki. Struktura <span class=\"_ _54\"> </span>akcjonariatu <span class=\"_ _54\"> </span>Jednostki <span class=\"_ _54\"> </span>Dominuj\u0105cej <span class=\"_ _54\"> </span> <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>dzie\u0144 <span class=\"_ _55\"> </span>podpisania <span class=\"_ _54\"> </span>niniejszego <span class=\"_ _54\"> </span>sprawozda<span class=\"_ _3\"></span>nia <span class=\"_ _54\"> </span>przedstawia\u0142a <span class=\"_ _55\"> </span>si\u0119 nast\u0119puj\u0105co: akcjonariusz<span class=\"_ _192\"> </span>liczba akcji/liczba g\u0142os\u00f3w<span class=\"fc0\"> </span>\u0142\u0105czna warto\u015b\u0107 nominalna akcj<span class=\"_ _3\"></span>i (PLN)<span class=\"fc0\"> </span>udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbi<span class=\"_ _3\"></span>e g\u0142os\u00f3w<span class=\"fc0\"> </span>Skarb Pa\u0144stwa<span class=\"_ _3\"></span> <span class=\"_ _151\"> </span>63 589 <span class=\"_ _3\"></span>900 <span class=\"_ _77\"> </span>635 899 000 <span class=\"_ _c7\"> </span>31,79% Powszechne Towarz<span class=\"_ _3\"></span>ystwo Emerytalne Allia<span class=\"_ _3\"></span>nz Polska Sp\u00f3\u0142ka Akcyjna* 12 241 <span class=\"_ _3\"></span>453 <span class=\"_ _77\"> </span>122 414 530 <span class=\"_ _153\"> </span>6,12% Nationale-Nederland<span class=\"_ _3\"></span>en Otwarty Fundusz<span class=\"_ _3\"></span> Emerytalny <span class=\"_ _6e\"> </span>10 104 354 <span class=\"_ _77\"> </span>101 043 <span class=\"_ _3\"></span>540 <span class=\"_ _153\"> </span>5,05% Pozostali akcjonariusz<span class=\"_ _3\"></span>e <span class=\"_ _152\"> </span>114 064<span class=\"_ _3\"></span> 293 <span class=\"_ _f4\"> </span>1 140 642 930 <span class=\"_ _6\"> </span>57,04% Razem<span class=\"fc0\"> <span class=\"_ _c5\"> </span></span>200 000 000 <span class=\"_ _f4\"> </span>2 000 000 <span class=\"_ _3\"></span>000 <span class=\"_ _e8\"> </span>100,00% *\u0141\u0105cznie<span class=\"_ _2\"></span> stan na rachun<span class=\"_ _2\"></span>kach fundu<span class=\"_ _2\"></span>szy zarz\u0105dzan<span class=\"_ _2\"></span>ych przez<span class=\"_ _192\"> </span>Powszechne<span class=\"_ _2\"></span> Towarzystwo<span class=\"_ _2\"></span> Emerytalne All<span class=\"_ _2\"></span>ianz Polska Sp\u00f3\u0142<span class=\"_ _2\"></span>ka Akcyjna:  Allian<span class=\"_ _2\"></span>z Otwarty Fundusz<span class=\"_ _2\"></span> Emerytalny, All<span class=\"_ _2\"></span>ianz Polska Dobro<span class=\"_ _2\"></span>wolny Fun<span class=\"_ _2\"></span>dusz Emeryt<span class=\"_ _2\"></span>alny oraz Drugi Allia<span class=\"_ _2\"></span>nz Polska Otw<span class=\"_ _2\"></span>arty Fundu<span class=\"_ _2\"></span>sz Emerytalny Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span>Kapita\u0142 akcyjny<span class=\"_ _192\"> </span>wykazywany jes<span class=\"_ _3\"></span>t w warto\u015bci nominaln<span class=\"_ _3\"></span>ej.<span class=\"_ _192\"> </span>Kapita\u0142 <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>wyceny <span class=\"_ _74\"> </span>instrument\u00f3w<span class=\"fc0\"> <span class=\"_ _1\"> </span></span>f<span class=\"_ _2\"></span>inansowych<span class=\"ff2 fc0\"> <span class=\"_ _1\"> </span>powstaje <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>wyniku <span class=\"_ _74\"> </span>wy<span class=\"_ _2\"></span>ceny <span class=\"_ _1\"> </span>instrument\u00f3w <span class=\"_ _74\"> </span>zabezpieczaj\u0105cych<span class=\"_ _3\"></span> </span>przep\u0142ywy <span class=\"_ _0\"></span>pieni\u0119\u017cne <span class=\"_ _0\"></span>(Nota <span class=\"_ _1\"> </span>7.2 <span class=\"_ _0\"></span>Zasady <span class=\"_ _0\"> </span>rachunkowo\u015bci) <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>raz<span class=\"fcb\"> <span class=\"_ _0\"></span></span>wyceny <span class=\"_ _1\"> </span>aktyw\u00f3w <span class=\"_ _0\"></span>finansowych <span class=\"_ _0\"></span>do <span class=\"_ _0\"> </span>warto\u015bci <span class=\"_ _1\"> </span>godziwej <span class=\"_ _0\"></span>przez pozosta\u0142e ca\u0142kowit<span class=\"_ _3\"></span>e dochody (Nota 7.3 <span class=\"_ _3\"></span>Zasady rachunkowo\u015bci) <span class=\"_ _3\"></span>po pomniejszeniu o ef<span class=\"_ _3\"></span>ekt podatku odroczon<span class=\"_ _3\"></span>ego. Na <span class=\"_ _0\"></span>zakumulow<span class=\"_ _3\"></span>ane <span class=\"_ _0\"></span>pozosta\u0142e <span class=\"_ _0\"></span>ca\u0142kowite <span class=\"_ _53\"></span>dochody<span class=\"ff2 fc0\"> </span>sk\u0142adaj\u0105 <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _0\"></span>r\u00f3\u017cnice <span class=\"_ _0\"></span>kursowe <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>przeliczenia <span class=\"_ _0\"></span>sprawozda\u0144 <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>dnostek  o walucie <span class=\"_ _59\"> </span>funkcjonaln<span class=\"_ _3\"></span>ej <span class=\"_ _59\"> </span>innej <span class=\"_ _57\"> </span>ni\u017c <span class=\"_ _59\"> </span>PLN <span class=\"_ _59\"> </span>(Nota <span class=\"_ _59\"> </span>1.2 <span class=\"_ _59\"> </span>Zasady <span class=\"_ _59\"> </span>rac<span class=\"_ _3\"></span>hunkowo\u015bci) <span class=\"_ _59\"> </span>oraz <span class=\"_ _57\"> </span>zyski <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>straty <span class=\"_ _59\"> </span>aktuarialne <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>wyceny program\u00f3w <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span>kre\u015blony<span class=\"_ _3\"></span>ch <span class=\"_ _5e\"> </span>\u015bwiadcze\u0144 <span class=\"_ _5e\"> </span>pracowniczych <span class=\"_ _55\"> </span>po <span class=\"_ _5e\"> </span>okresie <span class=\"_ _5e\"> </span>zatrudnienia <span class=\"_ _55\"> </span>po <span class=\"_ _5e\"> </span>pomniejszeniu <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span> efekt <span class=\"_ _55\"> </span>podatku odroczonego (Cz\u0119<span class=\"_ _3\"></span>\u015b\u0107 11 Zasady rachunk<span class=\"_ _3\"></span>owo\u015bci). Zyski <span class=\"_ _74\"> </span>zatrzymane<span class=\"ff2 fc0\"> <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>anowi\u0105 <span class=\"_ _1\"> </span>sum\u0119 <span class=\"_ _74\"> </span>zysku <span class=\"_ _74\"> </span>roku <span class=\"_ _74\"> </span>bie\u017c\u0105cego <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>zakumulowanych <span class=\"_ _74\"> </span>zysk\u00f3w <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>lat <span class=\"_ _74\"> </span>poprzednich, <span class=\"_ _74\"> </span>kt\u00f3re <span class=\"_ _74\"> </span>nie </span>zosta\u0142y <span class=\"_ _5d\"> </span>wyp\u0142acone <span class=\"_ _5d\"> </span>w f<span class=\"_ _3\"></span>ormie <span class=\"_ _5d\"> </span>dywidendy, <span class=\"_ _5d\"> </span>ale <span class=\"_ _69\"> </span>zo<span class=\"_ _2\"></span>sta\u0142y <span class=\"_ _69\"> </span>przekazane <span class=\"_ _5d\"> </span>na <span class=\"_ _5d\"> </span>powi\u0119kszeni<span class=\"_ _3\"></span>e <span class=\"_ _5d\"> </span>kapita\u0142u <span class=\"_ _5d\"> </span>zapasowego <span class=\"_ _69\"> </span>lub s\u0105 niepodzielone.<span class=\"_ _3\"></span> Nota 8.2.2 Zmi<span class=\"_ _3\"></span>any pozosta\u0142ych<span class=\"_ _3\"></span> kapita\u0142\u00f3w  Kapita\u0142 z tytu\u0142u wyceny i<span class=\"_ _2\"></span>nstrument\u00f3w finansowych Inwestycje w instrumenty kapita\u0142owe wyceniane w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>Kapita\u0142 z tytu\u0142u wyceny instrumen<span class=\"_ _2\"></span>t\u00f3w finansowych zabezpieczaj\u0105cych<span class=\"_ _2\"></span> przysz\u0142e przep\u0142ywy pieni\u0119\u017cne<span class=\"_ _192\"> </span>Razem kapita\u0142 z tytu\u0142u wyceny instrumen<span class=\"_ _2\"></span>t\u00f3w finansowych<span class=\"_ _192\"> </span>Zyski / (straty) aktuarialne z tytu\u0142u wyceny program\u00f3w okre\u015blonych<span class=\"_ _2\"></span> \u015bwiadcze\u0144 po okresie zatrudnienia<span class=\"_ _192\"> </span>R\u00f3\u017cnice kur<span class=\"_ _2\"></span>sowe<span class=\"_ _192\"> </span>z przeliczenia sprawozda\u0144 jednostek o walucie funkcjonalnej<span class=\"_ _2\"></span> innej ni\u017c PLN<span class=\"_ _192\"> </span>Zyski zatrzymane<span class=\"_ _192\"> </span>Stan na 1 styczni<span class=\"_ _2\"></span>a 2021 r. ( 432)<span class=\"_ _192\"> </span>( 998)<span class=\"_ _192\"> </span>(1 430)<span class=\"_ _192\"> </span>( 962)<span class=\"_ _192\"> </span>2 690<span class=\"_ _192\"> </span>18 694<span class=\"_ _192\"> </span>Transakcje z w\u0142a\u015bcicielami - Dywidenda<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 300)<span class=\"_ _192\"> </span>Zysk netto <span class=\"_ _fa\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>6 156            Zyski z tytu\u0142u zmiany warto\u015bci go<span class=\"_ _2\"></span>dziwej aktyw\u00f3w finansowych wyceniany<span class=\"_ _2\"></span>ch              w warto\u015bci go<span class=\"_ _2\"></span>dziwej przez pozosta\u0142e ca\u0142kowite dochody  22*<span class=\"_ _192\"> </span>- 22<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 7.2 <span class=\"_ _60\"> </span><span class=\"fc0\">            Wp\u0142yw zawartych skutecznych transakcji zabezpieczaj\u0105c<span class=\"_ _2\"></span>ych przep\u0142ywy pieni\u0119\u017cne </span>-<span class=\"_ _192\"> </span>(2 431)<span class=\"_ _192\"> </span>(2 431)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 7.2 Kwota przeniesiona do wyniku<span class=\"_ _2\"></span> finansowego z tytu\u0142u rozlic<span class=\"_ _2\"></span>zenia             instrument\u00f3w zabezpieczaj\u0105cych<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>2 064<span class=\"_ _192\"> </span>2 064<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 11.2 <span class=\"_ _5b\"> </span><span class=\"fc0\">            Zyski aktuarialne z ty<span class=\"_ _2\"></span>tu\u0142u wyceny \u015bwiadcze\u0144 po okresie zatrudnienia<span class=\"_ _2\"></span> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 694<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 1.2             R\u00f3\u017cnice kursowe z przeliczenia sp<span class=\"_ _2\"></span>rawozda\u0144 jednostek o walucie              funkcjonalnej innej ni\u017c PLN -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 71)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 5.1.1            Podatek odroczony  - 70 70<span class=\"_ _192\"> </span>( 132)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Pozosta\u0142e ca\u0142kowite dochody <span class=\"_ _154\"> </span> 22<span class=\"_ _192\"> </span>( 297)<span class=\"_ _192\"> </span>( 275) 562<span class=\"_ _192\"> </span>( 71)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>\u0141\u0105czne ca\u0142kowite dochody  22<span class=\"_ _192\"> </span>( 297)<span class=\"_ _192\"> </span>( 275) 562<span class=\"_ _192\"> </span>( 71)<span class=\"_ _192\"> </span>6 156<span class=\"_ _192\"> </span>Reklasyfikacja wyniku ze zbycia instrume<span class=\"_ _2\"></span>nt\u00f3w kapita\u0142owych wycenianych w wart<span class=\"_ _2\"></span>o\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 18)<span class=\"_ _192\"> </span>Stan na dzie\u0144  31<span class=\"_ _2\"></span> grudnia 2021 r. ( 410)<span class=\"_ _192\"> </span>(1 295)<span class=\"_ _192\"> </span>(1 705)<span class=\"_ _192\"> </span>( 400)<span class=\"_ _192\"> </span>2 619<span class=\"_ _192\"> </span>24 532<span class=\"_ _192\"> </span>Transakcje z w\u0142a\u015bcicielami - Dywidenda<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 600)<span class=\"_ _192\"> </span>Zysk netto <span class=\"_ _fa\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>4 772           Straty z tytu\u0142u zmiany warto\u015bc<span class=\"_ _2\"></span>i godziwej aktyw\u00f3w finansowych wyceniany<span class=\"_ _2\"></span>ch             w warto\u015bci godziwej przez pozosta<span class=\"_ _2\"></span>\u0142e ca\u0142kowite dochody ( 95)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 95)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 7.2 <span class=\"_ _60\"> </span><span class=\"fc0\">           Wp\u0142yw zawartych skutecznych transakcji zabezpi<span class=\"_ _2\"></span>eczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne </span>-<span class=\"_ _192\"> </span>1 239<span class=\"_ _192\"> </span>1 239<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 7.2 Kwota przeniesiona do wyniku <span class=\"_ _2\"></span>finansowego z tytu\u0142u rozlic<span class=\"_ _2\"></span>zenia instrument\u00f3w            zabezpieczaj\u0105cych - 432 432<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 11.2 <span class=\"_ _5b\"> </span><span class=\"fc0\">           Straty aktuarial<span class=\"_ _2\"></span>ne z tytu\u0142u wyceny \u015bwiadcze\u0144 po okresie <span class=\"_ _2\"></span>zatrudnienia </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 422)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 1.2            R\u00f3\u017cnice kursowe z przeliczenia sp<span class=\"_ _2\"></span>rawozda\u0144 jednostek o walucie             funkcjonalnej innej ni\u017c PLN -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 65)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nota 5.1.1           Podatek odroczony   19<span class=\"_ _192\"> </span>( 317)<span class=\"_ _192\"> </span>( 298) 80<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Pozosta\u0142e ca\u0142kowite dochody <span class=\"_ _155\"> </span>( 76)<span class=\"_ _192\"> </span>1 354<span class=\"_ _192\"> </span>1 278<span class=\"_ _192\"> </span>( 342)<span class=\"_ _192\"> </span>( 65)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>\u0141\u0105czne ca\u0142kowite dochody ( 76)<span class=\"_ _192\"> </span>1 354<span class=\"_ _192\"> </span>1 278<span class=\"_ _192\"> </span>( 342)<span class=\"_ _192\"> </span>( 65)<span class=\"_ _192\"> </span>4 772<span class=\"_ _192\"> </span>Stan na dzie\u0144  31<span class=\"_ _2\"></span> grudnia 2022 r. ( 486) 59<span class=\"_ _192\"> </span>( 427)<span class=\"_ _192\"> </span>( 742)<span class=\"_ _192\"> </span>2 554<span class=\"_ _192\"> </span>28 704<span class=\"_ _192\"> </span> *W pozosta\u0142y<span class=\"_ _2\"></span>ch ca\u0142kowitych<span class=\"_ _2\"></span> dochodach uj\u0119to<span class=\"_ _2\"></span> 18 mln PLN z tytu<span class=\"_ _2\"></span>\u0142u reklasyfikacji wyni<span class=\"_ _2\"></span>ku ze zbycia instru<span class=\"_ _2\"></span>ment\u00f3w kapita\u0142owych<span class=\"_ _2\"></span> wycenianych w w<span class=\"_ _2\"></span>arto\u015bci godziwej prze<span class=\"_ _2\"></span>z pozosta\u0142e<span class=\"_ _2\"></span> ca\u0142kowite dochodyNa <span class=\"_ _1\"> </span>podstawie <span class=\"_ _0\"></span>Ustawy <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>dnia <span class=\"_ _0\"></span>15 <span class=\"_ _1\"> </span>wrze\u015bnia <span class=\"_ _0\"></span>2000 <span class=\"_ _1\"> </span>r. <span class=\"_ _0\"> </span>Ko<span class=\"_ _2\"></span>deks <span class=\"_ _0\"></span>Sp\u00f3\u0142ek <span class=\"_ _1\"> </span>Handlowych <span class=\"_ _0\"></span>Jednostka <span class=\"_ _1\"> </span>Domin<span class=\"_ _3\"></span>uj\u0105ca <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>zobowi\u0105zana<span class=\"_ _3\"></span> do tworzenia <span class=\"_ _54\"> </span>obowi\u0105zkowych <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>dpis\u00f3w <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>zysku <span class=\"_ _54\"> </span>na <span class=\"_ _55\"> </span>kapita\u0142 <span class=\"_ _54\"> </span>zapasowy <span class=\"_ _54\"> </span>w <span class=\"_ _55\"> </span>celu <span class=\"_ _54\"> </span>pokrycia <span class=\"_ _54\"> </span>ewentualnych <span class=\"_ _54\"> </span>(przysz\u0142ych) lub istniej\u0105cych  strat  w  wysoko\u015bci  co  najmniej  8% <span class=\"_ _146\"> </span>zysku  za <span class=\"_ _146\"> </span>dany  rok  o<span class=\"_ _2\"></span>brotowy,  a\u017c  do  czasu,  gdy <span class=\"_ _146\"> </span>warto\u015b\u0107  kapita\u0142u zapasowego <span class=\"_ _53\"></span>osi\u0105gnie <span class=\"_ _53\"></span>poziom <span class=\"_ _53\"></span>co <span class=\"_ _0\"></span>najmniej <span class=\"_ _53\"></span>1/3 <span class=\"_ _53\"></span>kapita\u0142u <span class=\"_ _0\"></span>zak<span class=\"_ _3\"></span>\u0142adowego <span class=\"_ _53\"></span>zarejestrowanego. <span class=\"_ _53\"></span>Tak <span class=\"_ _53\"></span>utworzony <span class=\"_ _53\"></span>kapita\u0142 <span class=\"_ _53\"></span>zapasowy nie podlega podzia<span class=\"_ _3\"></span>\u0142owi, mo\u017ce by\u0107 wykorzys<span class=\"_ _3\"></span>tany wy\u0142\u0105cznie na pok<span class=\"_ _3\"></span>rycie straty wykazan<span class=\"_ _3\"></span>ej w sprawozdaniu <span class=\"_ _3\"></span>finansowym.<span class=\"ff1 fc2\"> </span>Na  dzie\u0144 <span class=\"_ _146\"> </span>31 <span class=\"_ _146\"> </span>grudnia <span class=\"_ _146\"> </span>2022  r. <span class=\"_ _146\"> </span>k<span class=\"_ _2\"></span>apita\u0142  zapasowy  z <span class=\"_ _146\"> </span>tytu\u0142<span class=\"_ _2\"></span>u  obowi\u0105zkowego  odpisu  dokonaneg<span class=\"_ _3\"></span>o <span class=\"_ _146\"> </span>przez <span class=\"_ _146\"> </span>jednostki <span class=\"_ _146\"> </span>G<span class=\"_ _2\"></span>rup<span class=\"_ _3\"></span>y Kapita\u0142owej wyn<span class=\"_ _3\"></span>osi\u0142 806 mln PLN,<span class=\"_ _3\"></span> z tego 667 mln PLN d<span class=\"_ _3\"></span>otyczy Jednostki Dominuj\u0105c<span class=\"_ _3\"></span>ej, uj\u0119ty jest w zyskach <span class=\"_ _3\"></span>zatrzymanych.<span class=\"_ _3\"></span> Informacje dotycz\u0105c<span class=\"_ _3\"></span>e wyp\u0142aconej dywiden<span class=\"_ _3\"></span>dy zawarto w Nocie 12<span class=\"_ _3\"></span>.2.<span class=\"ff1 fc2\"> </span>Nota 8.3 Polityka z<span class=\"_ _3\"></span>arz\u0105dzania p\u0142ynno\u015bci<span class=\"_ _3\"></span>\u0105 Za  zar<span class=\"_ _3\"></span>z\u0105dzanie  p\u0142ynno\u015bci\u0105 <span class=\"_ _74\"> </span>finansow\u0105  w  Gru<span class=\"_ _3\"></span>pie  i  prz<span class=\"_ _3\"></span>estrzeganie  przyj<span class=\"_ _3\"></span>\u0119tej  w  tym <span class=\"_ _74\"> </span>zakresie  polityki  odp<span class=\"_ _3\"></span>owiada  Zarz\u0105d<span class=\"_ _3\"></span> Jednostki Dominuj\u0105c<span class=\"_ _3\"></span>ej. Podmiotem w<span class=\"_ _3\"></span>spieraj\u0105cym Zarz\u0105<span class=\"_ _3\"></span>d w tym zakresie jest K<span class=\"_ _3\"></span>omitet P\u0142ynno\u015bci Fi<span class=\"_ _3\"></span>nansowej.  Zarz\u0105dzan<span class=\"_ _3\"></span>ie  p\u0142ynno\u015bci\u0105 <span class=\"_ _74\"> </span>finansow\u0105 <span class=\"_ _74\"> </span>Grupy  odbywa <span class=\"_ _74\"> </span>si\u0119  zgo<span class=\"_ _3\"></span>dnie  z<span class=\"_ _3\"></span>  Polityk\u0105 <span class=\"_ _74\"> </span>Zarz\u0105dzania <span class=\"_ _74\"> </span>P\u0142ynno\u015bci\u0105  Finans<span class=\"_ _3\"></span>ow\u0105  w Gru<span class=\"_ _3\"></span>pie KGHM. <span class=\"_ _1\"> </span>Dokument <span class=\"_ _1\"> </span>ten <span class=\"_ _74\"> </span>opisuje <span class=\"_ _1\"> </span>procesy <span class=\"_ _1\"> </span>zarz\u0105dzania <span class=\"_ _1\"> </span>p\u0142ynno\u015bci\u0105 <span class=\"_ _1\"> </span>finansow\u0105 <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>Grupie, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _74\"> </span>realizowan<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>s\u0105<span class=\"ff8\"> </span>przez <span class=\"_ _1\"> </span>sp\u00f3\u0142ki Grupy, natomiast  organizacja i koordynacja oraz nadz\u00f3r nad ich realizacj\u0105 prowadz<span class=\"_ _3\"></span>one s\u0105  w <span class=\"_ _2\"></span>Jednostce Dominuj\u0105c<span class=\"_ _3\"></span>ej, przy wykorzystaniu <span class=\"_ _3\"></span>odpowiednich proc<span class=\"_ _3\"></span>edur i instrument\u00f3w. Pod<span class=\"_ _3\"></span>stawowymi zasadami wyn<span class=\"_ _3\"></span>ikaj\u0105cymi z dokum<span class=\"_ _3\"></span>entu s\u0105: \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">zapewnienie stabiln<span class=\"_ _3\"></span>ego i efektywnego finans<span class=\"_ _3\"></span>owania dzia\u0142alno\u015bci <span class=\"_ _3\"></span>Grupy, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ci\u0105g\u0142e monitorowanie p<span class=\"_ _3\"></span>oziomu zad\u0142u\u017cenia Grup<span class=\"_ _3\"></span>y, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">efektywne zarz\u0105dzanie k<span class=\"_ _3\"></span>apita\u0142em obrotowym, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">koordynowanie przez J<span class=\"_ _3\"></span>ednostk\u0119 Dominuj\u0105<span class=\"_ _3\"></span>c\u0105 proces\u00f3w zarz<span class=\"_ _3\"></span>\u0105dzania p\u0142ynno\u015bci\u0105 fina<span class=\"_ _3\"></span>nsow\u0105 w sp\u00f3\u0142ka<span class=\"_ _3\"></span>ch Grupy. </span></span>Realizuj\u0105c <span class=\"_ _5e\"> </span>proces <span class=\"_ _5e\"> </span>zarz\u0105dzania <span class=\"_ _5e\"> </span>p\u0142ynno\u015bci\u0105, <span class=\"_ _5e\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _5e\"> </span>korzysta <span class=\"_ _5e\"> </span>z <span class=\"_ _5e\"> </span>narz\u0119dzi <span class=\"_ _5e\"> </span>wspieraj\u0105cych <span class=\"_ _5e\"> </span>jego <span class=\"_ _67\"> </span>efektywno\u015b<span class=\"_ _3\"></span>\u0107. <span class=\"_ _67\"> </span>Jedny<span class=\"_ _3\"></span>m z  instrument\u00f3w <span class=\"_ _5a\"> </span>wykorzys<span class=\"_ _3\"></span>tywanych <span class=\"_ _5a\"> </span>przez <span class=\"_ _5a\"> </span>Grup\u0119 <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>zakresie <span class=\"_ _5a\"> </span>obs\u0142ugi <span class=\"_ _54\"> </span>bi<span class=\"_ _3\"></span>e\u017c\u0105cej <span class=\"_ _5a\"> </span>dzia\u0142alno\u015bci, <span class=\"_ _5a\"> </span>jest <span class=\"_ _5a\"> </span>us\u0142uga <span class=\"_ _5a\"> </span>zarz\u0105dzania<span class=\"_ _3\"></span> \u015brodkami <span class=\"_ _2\"></span>pieni\u0119\u017cnymi <span class=\"_ _2\"></span>w grupie <span class=\"_ _2\"></span>rachunk\u00f3w <span class=\"_ _53\"></span>- <span class=\"_ _2\"></span>cash <span class=\"_ _53\"></span>pooling <span class=\"_ _2\"></span>lokalny <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>USD <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>EUR <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>mi\u0119dzynarodowy <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>USD <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>CAD. Cash pooling <span class=\"_ _5e\"> </span>ma <span class=\"_ _67\"> </span>na <span class=\"_ _5e\"> </span>celu <span class=\"_ _67\"> </span>optymalizacj\u0119 <span class=\"_ _5e\"> </span>zarz\u0105dzania <span class=\"_ _5e\"> </span>posiadanymi <span class=\"_ _67\"> </span>\u015brodkami <span class=\"_ _5e\"> </span>pieni\u0119\u017cnymi,<span class=\"_ _3\"></span> <span class=\"_ _67\"> </span>ograniczenie <span class=\"_ _5e\"> </span>koszt\u00f3w odsetkowych, <span class=\"_ _53\"></span>efektywne <span class=\"_ _53\"></span>finansowanie <span class=\"_ _53\"></span>bie\u017c\u0105cych <span class=\"_ _53\"></span>potrzeb <span class=\"_ _53\"></span>w zakresie <span class=\"_ _53\"></span>finansowania <span class=\"_ _53\"></span>kapita\u0142u <span class=\"_ _53\"></span>obrotowego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>wspieranie kr\u00f3tkoterminowej p<span class=\"_ _3\"></span>\u0142ynno\u015bci finansow<span class=\"_ _3\"></span>ej w Grupie Kapita<span class=\"_ _3\"></span>\u0142owej. W <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>wprowadzi\u0142a <span class=\"_ _0\"></span>modyfikacje <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>systemie <span class=\"_ _0\"></span>cash <span class=\"_ _0\"></span>poolingu <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>lu <span class=\"_ _0\"></span>zoptymaliz<span class=\"_ _3\"></span>owania <span class=\"_ _53\"></span>proce<span class=\"_ _2\"></span>su <span class=\"_ _0\"></span>wymiany <span class=\"_ _53\"></span>walut przez <span class=\"_ _53\"></span>krajowe <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _0\"></span>Grupy. <span class=\"_ _53\"></span>Zmodyfikowany <span class=\"_ _53\"></span>system <span class=\"_ _53\"></span>zapewnia <span class=\"_ _53\"></span>codzienne <span class=\"_ _53\"></span> <span class=\"_ _53\"></span>(automatyczne) <span class=\"_ _53\"></span>przewalutowania <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>PLN <span class=\"_ _0\"></span>sald<span class=\"_ _3\"></span> dodatnich <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>ujemnych <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>walutach <span class=\"_ _0\"></span>EUR <span class=\"_ _0\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>US<span class=\"_ _2\"></span>D <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>rachunkach <span class=\"_ _0\"></span>sp\u00f3\u0142ek <span class=\"_ _1\"> </span>uczestnicz\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>cash <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>oolingu. <span class=\"_ _0\"></span>Celem <span class=\"_ _1\"> </span>wsparcia<span class=\"_ _3\"></span> bie\u017c\u0105cej <span class=\"_ _1\"> </span>p\u0142<span class=\"_ _2\"></span>ynno\u015bci <span class=\"_ _1\"> </span>oraz <span class=\"_ _74\"> </span>optymalizacji <span class=\"_ _74\"> </span>us\u0142ugi, <span class=\"_ _74\"> </span>Sp\u00f3\u0142ka <span class=\"_ _74\"> </span>zawar\u0142a <span class=\"_ _1\"> </span>z  bankiem, <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>kt\u00f3rym <span class=\"_ _74\"> </span>funkcjonuje <span class=\"_ _74\"> </span>system <span class=\"_ _74\"> </span>cash <span class=\"_ _74\"> </span>poolingu,  umow\u0119 <span class=\"_ _57\"> </span>kredytu <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>rachunku <span class=\"_ _59\"> </span>bie\u017c\u0105cym <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>kw<span class=\"_ _3\"></span>ot\u0119 <span class=\"_ _59\"> </span>200 <span class=\"_ _57\"> </span>mln <span class=\"_ _59\"> </span>PLN <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>okresem <span class=\"_ _59\"> </span>d<span class=\"_ _3\"></span>ost\u0119pno\u015bci <span class=\"_ _57\"> </span>do <span class=\"_ _59\"> </span>dnia <span class=\"_ _57\"> </span>15 <span class=\"_ _59\"> </span>maja <span class=\"_ _57\"> </span>2023 <span class=\"_ _59\"> </span>r. z mo\u017cliwo\u015bci\u0105 wyk<span class=\"_ _3\"></span>orzystania w walutach: P<span class=\"_ _3\"></span>LN, USD i EUR. Nota 8.3.1 Umown<span class=\"_ _3\"></span>e terminy wymagaln<span class=\"_ _3\"></span>o\u015bci dla zobowi\u0105za\u0144 fi<span class=\"_ _3\"></span>nansowych<span class=\"_ _3\"></span> Zobowi\u0105zania finans<span class=\"_ _3\"></span>owe - stan na 31 <span class=\"_ _3\"></span>grudnia 2022 r. Umowne terminy w<span class=\"_ _3\"></span>ymagalno\u015bc<span class=\"_ _3\"></span>i  od ko\u0144ca okresu <span class=\"_ _3\"></span>sprawozdawczego<span class=\"_ _3\"></span> Okresy wymagalno\u015bci<span class=\"_ _3\"></span> Razem (bez dyskonta)<span class=\"_ _192\"> </span>Warto\u015b\u0107 bilansowa<span class=\"_ _192\"> </span>do 3 m-cy<span class=\"_ _192\"> </span>powy\u017cej 3<span class=\"_ _192\"> </span>do 12 m-<span class=\"_ _192\"> </span>cy<span class=\"_ _192\"> </span>powy\u017cej 1 roku<span class=\"_ _192\"> </span>do 3 lat<span class=\"_ _192\"> </span>powy\u017cej 3 lat<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w i <span class=\"_ _3\"></span>po\u017cyczek  803 390 946<span class=\"_ _192\"> </span>1 778<span class=\"_ _192\"> </span>3 917<span class=\"_ _192\"> </span>3 697<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u d\u0142u\u017cnych pa<span class=\"_ _3\"></span>pier\u00f3w warto\u015bciowych - 174 699<span class=\"_ _192\"> </span>2 093<span class=\"_ _192\"> </span>2 966<span class=\"_ _192\"> </span>2 002<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u leasingu  27 63 165<span class=\"_ _192\"> </span>1 303<span class=\"_ _192\"> </span>1 558 744<span class=\"_ _192\"> </span>Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w 3 013 11 26 344<span class=\"_ _192\"> </span>3 394<span class=\"_ _192\"> </span>3 210<span class=\"_ _192\"> </span>Zobowi\u0105zania pod<span class=\"_ _3\"></span>obne - faktoring d\u0142u\u017cny<span class=\"_ _3\"></span>  5 13<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 18 18<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe - walu<span class=\"_ _3\"></span>ty* - 2 1<span class=\"_ _192\"> </span>- 3 146<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe - me<span class=\"_ _3\"></span>tale*  13 26 1<span class=\"_ _192\"> </span>- 40 395<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe -<span class=\"_ _192\"> </span>stopy procentowe<span class=\"_ _3\"></span> -<span class=\"_ _192\"> </span>- 28 348 376 569<span class=\"_ _192\"> </span>Wbudowane instru<span class=\"_ _3\"></span>menty pochodne<span class=\"_ _3\"></span>  43<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 43 43<span class=\"_ _192\"> </span>Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe  120 38 51 7 216 211<span class=\"_ _192\"> </span>Razem  4 024 717<span class=\"_ _192\"> </span>1 917<span class=\"_ _192\"> </span>5 873<span class=\"_ _192\"> </span>12 531<span class=\"_ _192\"> </span>11 035 * <span class=\"_ _1\"> </span>Zobo<span class=\"_ _2\"></span>wi\u0105zan<span class=\"_ _2\"></span>ia <span class=\"_ _1\"> </span>finanso<span class=\"_ _2\"></span>we <span class=\"_ _1\"> </span>z  tytu\u0142u <span class=\"_ _1\"> </span>instrum<span class=\"_ _2\"></span>ent\u00f3w <span class=\"_ _1\"> </span>p<span class=\"_ _2\"></span>ochodnych<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>stanowi\u0105<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>warto\u015b\u0107  wewn\u0119trzn\u0105  tych <span class=\"_ _1\"> </span>instrument\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _1\"> </span>bez  uwzgl\u0119dniania  czynnika dyskonto<span class=\"_ _2\"></span>wego.  Zobowi\u0105zania pr<span class=\"_ _3\"></span>zeterminowane Okresy przetermin<span class=\"_ _3\"></span>owania do 1 m-ca powy\u017cej 3<span class=\"_ _192\"> </span>do 12 m-cy powy\u017cej 1 do 3 lat<span class=\"_ _192\"> </span>powy\u017cej 3 lat Razem/<span class=\"_ _192\"> </span>Warto\u015b\u0107 bilansowa Zobowi\u0105zania  <span class=\"_ _3\"></span>wobec dostawc\u00f3w  12 3 36 1 52Powy\u017csze <span class=\"_ _2\"></span>tabele <span class=\"_ _53\"></span>dotycz\u0105ce <span class=\"_ _2\"></span>termin\u00f3w <span class=\"_ _53\"></span>wymagaln<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zawiera<span class=\"_ _3\"></span>j\u0105 <span class=\"_ _2\"></span>gwarancji <span class=\"_ _53\"></span>finansowych <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>kwot\u0119 <span class=\"_ _53\"></span>969 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>kt\u00f3re s\u0105 <span class=\"_ _1\"> </span>wymagalne <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>przypadku <span class=\"_ _0\"></span>z\u0142amania <span class=\"_ _0\"></span>warunk\u00f3w <span class=\"_ _1\"> </span>umownych <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>strony <span class=\"_ _1\"> </span>kt\u00f3rym <span class=\"_ _1\"> </span>udziel<span class=\"_ _3\"></span>ono <span class=\"_ _1\"> </span>gwarancji <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>co <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>kt\u00f3rych<span class=\"_ _3\"></span> Grupa <span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>ma <span class=\"_ _53\"></span>mo\u017cliwo\u015bci <span class=\"_ _2\"></span>odroczenia <span class=\"_ _2\"></span>p\u0142<span class=\"_ _2\"></span>atno\u015bci, <span class=\"_ _2\"></span>tzn. <span class=\"_ _53\"></span>musi <span class=\"_ _2\"></span>je <span class=\"_ _53\"></span>sp\u0142aci\u0107 <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>zadanie <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>okresie <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>3 <span class=\"_ _2\"></span>m-cy. <span class=\"_ _53\"></span>Szczeg\u00f3\u0142y <span class=\"_ _2\"></span>dotycz\u0105ce gwarancji finansow<span class=\"_ _3\"></span>ych i termin\u00f3w ich <span class=\"_ _3\"></span>wymagalno\u015bci zosta\u0142y <span class=\"_ _3\"></span>opisane w Nocie 8.6.<span class=\"_ _192\"> </span>Zobowi\u0105zania finans<span class=\"_ _3\"></span>owe - stan na 31 <span class=\"_ _3\"></span>grudnia 2021 r<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>Umowne terminy w<span class=\"_ _3\"></span>ymagalno\u015bc<span class=\"_ _3\"></span>i  od ko\u0144ca okresu <span class=\"_ _3\"></span>sprawozdawczego<span class=\"_ _3\"></span> Okresy wymagalno\u015bci<span class=\"_ _3\"></span> Razem (bez dyskonta)<span class=\"_ _192\"> </span>Warto\u015b\u0107 bilansowa<span class=\"_ _192\"> </span>do 3 m-cy<span class=\"_ _192\"> </span>powy\u017cej 3<span class=\"_ _192\"> </span>do 12 m-<span class=\"_ _192\"> </span>cy<span class=\"_ _192\"> </span>powy\u017cej 1 roku<span class=\"_ _192\"> </span>do 3 lat<span class=\"_ _192\"> </span>powy\u017cej 3 lat<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w i <span class=\"_ _3\"></span>po\u017cyczek  118 370<span class=\"_ _192\"> </span>1 518<span class=\"_ _192\"> </span>1 598<span class=\"_ _192\"> </span>3 604<span class=\"_ _192\"> </span>3 303<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u d\u0142u\u017cnych pa<span class=\"_ _3\"></span>pier\u00f3w warto\u015bciowych - 84 561<span class=\"_ _192\"> </span>1 910<span class=\"_ _192\"> </span>2 555<span class=\"_ _192\"> </span>2 001<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u leasingu  26 55 139<span class=\"_ _192\"> </span>1 231<span class=\"_ _192\"> </span>1 451 645<span class=\"_ _192\"> </span>Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w 2 749 118 25 353<span class=\"_ _192\"> </span>3 245<span class=\"_ _192\"> </span>3 106<span class=\"_ _192\"> </span>Zobowi\u0105zania pod<span class=\"_ _3\"></span>obne - faktoring d\u0142u\u017cny<span class=\"_ _3\"></span>  26 69<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 95 95<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe - walu<span class=\"_ _3\"></span>ty* - 1 1<span class=\"_ _192\"> </span>- 2 57<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe - me<span class=\"_ _3\"></span>tale*  144 611 313<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 068<span class=\"_ _192\"> </span>1 514<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe -<span class=\"_ _192\"> </span>stopy procentowe<span class=\"_ _3\"></span> -<span class=\"_ _192\"> </span>- 20 294 314 431<span class=\"_ _192\"> </span>Wbudowane instru<span class=\"_ _3\"></span>menty pochodne<span class=\"_ _3\"></span>  21<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 21 21<span class=\"_ _192\"> </span>Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe  242 16 22 13 293 292<span class=\"_ _192\"> </span>Razem  3 326<span class=\"_ _192\"> </span>1 324<span class=\"_ _192\"> </span>2 599<span class=\"_ _192\"> </span>5 399<span class=\"_ _192\"> </span>12 648<span class=\"_ _192\"> </span>11 465 * <span class=\"_ _1\"> </span>Zobo<span class=\"_ _2\"></span>wi\u0105zan<span class=\"_ _2\"></span>ia <span class=\"_ _1\"> </span>finanso<span class=\"_ _2\"></span>we <span class=\"_ _1\"> </span>z  tytu\u0142u <span class=\"_ _1\"> </span>instrum<span class=\"_ _2\"></span>ent\u00f3w <span class=\"_ _1\"> </span>p<span class=\"_ _2\"></span>ochodnych<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>stanowi\u0105<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>warto\u015b\u0107  wewn\u0119trzn\u0105  tych <span class=\"_ _1\"> </span>instrument\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _1\"> </span>bez  uwzgl\u0119dniania  czynnika dyskonto<span class=\"_ _2\"></span>wego.<span class=\"_ _192\"> </span>Zobowi\u0105zania pr<span class=\"_ _3\"></span>zeterminowane Okresy przetermin<span class=\"_ _3\"></span>owania do 1 m-ca powy\u017cej 3<span class=\"_ _192\"> </span>do 12 m-cy powy\u017cej 1 do 3 lat<span class=\"_ _192\"> </span>powy\u017cej 3 lat Razem/<span class=\"_ _192\"> </span>Warto\u015b\u0107 bilansowa Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w i po\u017cyczek  - 1 7 3 11Zobowi\u0105zania  <span class=\"_ _3\"></span>wobec dostawc\u00f3w  29 1 21 1 52Nota 8.4 Zad\u0142u\u017c<span class=\"_ _3\"></span>enie Nota 8.4.1 D\u0142ug nett<span class=\"_ _3\"></span>o Stan na 31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021 Kredyty bankowe <span class=\"_ _3\"></span>  573 703<span class=\"_ _192\"> </span>Po\u017cyczki 1 987<span class=\"_ _192\"> </span>2 198<span class=\"_ _192\"> </span>D\u0142u\u017cne papiery wart<span class=\"_ _3\"></span>o\u015bciowe 2 000<span class=\"_ _192\"> </span>2 000<span class=\"_ _192\"> </span>Leasing  660 574<span class=\"_ _192\"> </span>Nota 7.1 Zobowi\u0105zania z tytu\u0142u <span class=\"_ _3\"></span>zad\u0142u\u017cenia d\u0142<span class=\"_ _3\"></span>ugoterminowego 5 220<span class=\"_ _192\"> </span>5 475<span class=\"_ _192\"> </span>Kredyty bankowe <span class=\"_ _3\"></span>  690 32<span class=\"_ _192\"> </span>Po\u017cyczki  447 370<span class=\"_ _192\"> </span>D\u0142u\u017cne papiery wart<span class=\"_ _3\"></span>o\u015bciowe  2 1<span class=\"_ _192\"> </span>Leasing  84 71<span class=\"_ _192\"> </span>Nota 7.1 Zobowi\u0105zania z tytu\u0142u <span class=\"_ _3\"></span>zad\u0142u\u017cenia kr\u00f3t<span class=\"_ _3\"></span>koterminowego 1 223 474<span class=\"_ _192\"> </span>Razem zad\u0142u\u017ceni<span class=\"_ _3\"></span>e, z tego: 6 443<span class=\"_ _192\"> </span>5 949<span class=\"_ _192\"> </span>wykazane w ram<span class=\"_ _3\"></span>ach zobowi\u0105za\u0144 zwi\u0105<span class=\"_ _3\"></span>zanych z grup\u0105 zbycia - 85<span class=\"_ _192\"> </span>wykazane jako \u201ez<span class=\"_ _3\"></span>obowi\u0105zania z tytu\u0142u k<span class=\"_ _3\"></span>redyt\u00f3w, po\u017cyczek, <span class=\"_ _3\"></span>leasingu  oraz d\u0142u\u017cnych papi<span class=\"_ _3\"></span>er\u00f3w warto\u015bciowych\"<span class=\"_ _3\"></span> 6 443<span class=\"_ _192\"> </span>5 864<span class=\"_ _192\"> </span>Nota 8.5 Wolne \u015brodki pieni<span class=\"_ _3\"></span>\u0119\u017cne i ich ekwiwa<span class=\"_ _3\"></span>lenty 1 179<span class=\"_ _192\"> </span>1 880<span class=\"_ _192\"> </span>D\u0142ug netto 5 264<span class=\"_ _192\"> </span>4 069<span class=\"_ _192\"> </span>Zad\u0142u\u017cenie  z  tytu\u0142u  kredyt\u00f3w<span class=\"_ _3\"></span>,  po\u017cyczek,  d\u0142u\u017cnych  papier\u00f3w  warto\u015bciowyc<span class=\"_ _3\"></span>h  i  leasingu  w  podziale  na  waluty (w przeliczeniu na P<span class=\"_ _3\"></span>LN) wed\u0142ug r<span class=\"_ _3\"></span>odzaju stopy procentowej<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> </span>Stan na 31.12.2022 Stan na 31.12.2021 PLN/WIBOR 2 069<span class=\"_ _192\"> </span>2 133<span class=\"_ _192\"> </span>EUR/EURIBOR 16<span class=\"_ _192\"> </span>20<span class=\"_ _192\"> </span>EUR/sta\u0142e 32<span class=\"_ _192\"> </span>63<span class=\"_ _192\"> </span>USD/USD LIBOR 528<span class=\"_ _192\"> </span>(16)<span class=\"_ _192\"> </span>PLN/sta\u0142e 794<span class=\"_ _192\"> </span>694<span class=\"_ _192\"> </span>USD/sta\u0142e 2 961<span class=\"_ _192\"> </span>3 004<span class=\"_ _192\"> </span>CAD/sta\u0142e 41<span class=\"_ _192\"> </span>49<span class=\"_ _192\"> </span>pozosta\u0142e 2<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>Razem 6 443<span class=\"_ _192\"> </span>5 949<span class=\"_ _192\"> </span>Na  dzie\u0144  31 <span class=\"_ _74\"> </span>grudnia  2022  r<span class=\"_ _3\"></span>.  zad\u0142u\u017cenie  Grup<span class=\"_ _3\"></span>y  z  tytu\u0142u  z<span class=\"_ _3\"></span>aci\u0105gni\u0119tych  kr<span class=\"_ _3\"></span>edyt\u00f3w,  po\u017cycz<span class=\"_ _3\"></span>ek,  wyemitowanych <span class=\"_ _74\"> </span>d\u0142u\u017cnych papier\u00f3w <span class=\"_ _57\"> </span>warto\u015bciowych <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>leasingu <span class=\"_ _59\"> </span>w <span class=\"_ _146\"> </span>przeliczeniu <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>PLN<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>wynio<span class=\"_ _2\"></span>s\u0142o <span class=\"_ _57\"> </span>6 <span class=\"_ _57\"> </span>443 <span class=\"_ _57\"> </span>mln <span class=\"_ _59\"> </span>PLN, <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>podzial<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>na <span class=\"_ _146\"> </span>waluty <span class=\"_ _59\"> </span>tj. Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci  Zobowi\u0105zania z <span class=\"_ _2\"></span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _2\"></span>zad\u0142u\u017cenia ujmuje <span class=\"_ _2\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>pocz\u0105tkowo <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>godziwej <span class=\"_ _2\"></span>pomniejszonej <span class=\"_ _2\"></span>(w <span class=\"_ _2\"></span>przypadku zap\u0142aty)<span class=\"_ _2\"></span>  l<span class=\"_ _2\"></span>ub powi\u0119kszonej <span class=\"_ _0\"></span>(w <span class=\"_ _0\"></span>przypadku <span class=\"_ _53\"></span>naliczenia) <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>koszty <span class=\"_ _0\"></span>transakcyjne <span class=\"_ _0\"></span>stanowi\u0105ce <span class=\"_ _53\"></span>integraln\u0105 <span class=\"_ _0\"></span>cz\u0119\u015b\u0107 <span class=\"_ _0\"></span>zaci\u0105gni\u0119tego <span class=\"_ _0\"></span>finansowania<span class=\"_ _3\"></span> i wycenia  si\u0119  na  dzie\u0144  ko\u0144cz\u0105cy  okres  spraw<span class=\"_ _3\"></span>ozdawczy  wed\u0142ug  zam<span class=\"_ _3\"></span>ortyzowanego  kosztu  z  zastosowaniem  met<span class=\"_ _3\"></span>ody efektywnej <span class=\"_ _54\"> </span>stopy <span class=\"_ _54\"> </span>pr<span class=\"_ _3\"></span>ocentowej. <span class=\"_ _54\"> </span>Naliczone <span class=\"_ _5a\"> </span>odsetki <span class=\"_ _54\"> </span>odnoszone <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>koszt\u00f3w <span class=\"_ _5a\"> </span>f<span class=\"_ _2\"></span>inansow<span class=\"_ _3\"></span>ych, <span class=\"_ _54\"> </span>chyba <span class=\"_ _54\"> </span>\u017ce <span class=\"_ _54\"> </span>podl<span class=\"_ _3\"></span>egaj\u0105 kapitalizacji w wart<span class=\"_ _3\"></span>o\u015bci rzeczowych aktyw<span class=\"_ _3\"></span>\u00f3w trwa\u0142ych lub wart<span class=\"_ _3\"></span>o\u015bciach niematerialnych.<span class=\"_ _192\"> </span>793 mln USD,  2  86<span class=\"_ _3\"></span>3  mln  PLN,  10  mln  EUR,  13<span class=\"_ _3\"></span>  mln  CAD  oraz  w  pozosta\u0142ych  wa<span class=\"_ _3\"></span>lutach  w  wysok<span class=\"_ _3\"></span>o\u015bci  2  mln  PLN  (na<span class=\"_ _3\"></span> 31 grudnia 2<span class=\"_ _3\"></span>021 r. zad\u0142u\u017cenie<span class=\"_ _2\"></span> w przeliczeniu <span class=\"_ _2\"></span>na PLN <span class=\"_ _2\"></span>wynios\u0142o 5 <span class=\"_ _2\"></span>949 mln PLN<span class=\"_ _2\"></span>, w <span class=\"_ _2\"></span>podziale <span class=\"_ _2\"></span>na waluty tj. 736 mln <span class=\"_ _2\"></span>USD, <span class=\"_ _2\"></span>2 827 mln PLN, 18 <span class=\"_ _3\"></span>mln EUR, 15 mln C<span class=\"_ _3\"></span>AD oraz w pozosta\u0142ych walu<span class=\"_ _3\"></span>tach w wysoko\u015bci 2 mln<span class=\"_ _3\"></span> PLN). Na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>sal<span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>zobowi\u0105za\u0144 <span class=\"_ _53\"></span>handlowych <span class=\"_ _53\"></span>przekazanych <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>faktoringu <span class=\"_ _53\"></span>d\u0142u\u017cnego <span class=\"_ _53\"></span>wynios\u0142o 18 mln PLN (na <span class=\"_ _3\"></span>dzie\u0144 31 grudnia 20<span class=\"_ _3\"></span>21 r. 95 mln PLN). Zobowi\u0105zania handlowe <span class=\"_ _2\"></span>przekazane <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>faktoringu <span class=\"_ _2\"></span>d\u0142u\u017cnego <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>prezentowane w <span class=\"_ _2\"></span>sprawozdaniu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>sy<span class=\"_ _2\"></span>tuacji f<span class=\"_ _2\"></span>inansowej jako \u201eZobowi\u0105zania wobec <span class=\"_ _2\"></span>dostawc\u00f3w <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>podobne\u201d <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>mieszcz\u0105 <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kate<span class=\"_ _2\"></span>gorii \u201epodobne\u201d, <span class=\"_ _2\"></span>gdy\u017c <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>uwagi <span class=\"_ _2\"></span>na znacz\u0105cy o<span class=\"_ _2\"></span>s\u0105d <span class=\"_ _2\"></span>Grupy Kapita\u0142owej  prz<span class=\"_ _3\"></span>edstawiony  w <span class=\"_ _74\"> </span>Nocie  10.4  nini<span class=\"_ _3\"></span>ejszego  skons<span class=\"_ _3\"></span>olidowanego  spraw<span class=\"_ _3\"></span>ozdania  finan<span class=\"_ _3\"></span>sowego,  taka  pr<span class=\"_ _3\"></span>ezentacja<span class=\"_ _3\"></span> najlepiej odzwierci<span class=\"_ _3\"></span>edla charakter <span class=\"_ _3\"></span>tych transakcji. Struktura <span class=\"_ _1\"> </span>zad\u0142u\u017cenia <span class=\"_ _1\"> </span>potwierdz<span class=\"_ _3\"></span>a <span class=\"_ _1\"> </span>skuteczn\u0105 <span class=\"_ _1\"> </span>realizacj\u0119 <span class=\"_ _1\"> </span>strategii <span class=\"_ _0\"> </span>Grupy, <span class=\"_ _1\"> </span>ukierunkowanej <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>zapewnienie <span class=\"_ _1\"> </span>d\u0142ugookres<span class=\"_ _3\"></span>owej stabilno\u015bci  finansowej  poprzez <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>parcie  struktury  finans<span class=\"_ _3\"></span>owania  na  zdywersyfikowan<span class=\"_ _3\"></span>ych  i  d\u0142ugoterminowych  \u017ar\u00f3d\u0142ach<span class=\"_ _3\"></span> finansowania. Nota 8.4.2 Zmian<span class=\"_ _3\"></span>a d\u0142ugu netto Zobowi\u0105zania <span class=\"_ _2\"></span>z tytu\u0142u zad<span class=\"_ _2\"></span>\u0142u\u017cenia Stan na  31.12.2021<span class=\"_ _2\"></span> Przep\u0142ywy <span class=\"_ _2\"></span> \u015brodk\u00f3w  pieni\u0119\u017cnych<span class=\"_ _2\"></span>  Odsetki  naliczone<span class=\"_ _2\"></span> R\u00f3\u017cnice  kursowe<span class=\"_ _2\"></span> Inne  zmiany Stan na  31.12.2022<span class=\"_ _2\"></span> Kredyty  735 530 68<span class=\"_ _192\"> </span>( 25)<span class=\"_ _192\"> </span>(45)*<span class=\"_ _192\"> </span>1 263<span class=\"_ _192\"> </span>Po\u017cyczki 2 568<span class=\"_ _192\"> </span>( 417) 79 206<span class=\"_ _192\"> </span>( 2)<span class=\"_ _192\"> </span>2 434<span class=\"_ _192\"> </span>D\u0142u\u017cne papie<span class=\"_ _2\"></span>ry warto\u015bciowe<span class=\"_ _2\"></span> 2 001<span class=\"_ _192\"> </span>( 130) 131<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>2 002<span class=\"_ _192\"> </span>Leasing  645<span class=\"_ _192\"> </span>( 93) 33<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>159** 744<span class=\"_ _192\"> </span>Razem zad\u0142u\u017ce<span class=\"_ _2\"></span>nie 5 949<span class=\"_ _192\"> </span>( 110) 311 181 112<span class=\"_ _192\"> </span>6 443<span class=\"_ _192\"> </span>Wolne \u015br<span class=\"_ _2\"></span>odki pieni\u0119\u017cne<span class=\"_ _2\"></span> i ich ekwiwalen<span class=\"_ _2\"></span>ty 1 880<span class=\"_ _192\"> </span>( 701)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 179<span class=\"_ _192\"> </span>D\u0142ug netto 4 069 591 311 181 112<span class=\"_ _192\"> </span>5 264<span class=\"_ _192\"> </span>* W tym (60) mln<span class=\"_ _2\"></span> PLN stan<span class=\"_ _2\"></span> na dzie\u0144 u<span class=\"_ _2\"></span>traty kontroli n<span class=\"_ _2\"></span>ad jednostkami za<span class=\"_ _2\"></span>le\u017cnymi.  ** W tym 165 ml<span class=\"_ _2\"></span>n PLN mo<span class=\"_ _2\"></span>dyfikacje i zwa<span class=\"_ _2\"></span>rcie nowy<span class=\"_ _2\"></span>ch um\u00f3w leas<span class=\"_ _2\"></span>ingowych. Zobowi\u0105zania <span class=\"_ _2\"></span>z tytu\u0142u zad<span class=\"_ _2\"></span>\u0142u\u017cenia Stan na  31.12.2020<span class=\"_ _2\"></span> Przep\u0142ywy <span class=\"_ _2\"></span> \u015brodk\u00f3w  pieni\u0119\u017cnych<span class=\"_ _2\"></span>  Odsetki  naliczone<span class=\"_ _2\"></span> R\u00f3\u017cnice  kursowe<span class=\"_ _2\"></span> Inne  zmiany Stan na  31.12.2021<span class=\"_ _2\"></span> Kredyty 1 994<span class=\"_ _192\"> </span>(1 470) 62 150<span class=\"_ _192\"> </span>( 1) 735<span class=\"_ _192\"> </span>Po\u017cyczki 2 685<span class=\"_ _192\"> </span>( 388) 79 190 2<span class=\"_ _192\"> </span>2 568<span class=\"_ _192\"> </span>D\u0142u\u017cne papie<span class=\"_ _2\"></span>ry warto\u015bciowe<span class=\"_ _2\"></span> 2 000<span class=\"_ _192\"> </span>( 36) 37<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>2 001<span class=\"_ _192\"> </span>Leasing  656<span class=\"_ _192\"> </span>( 100) 31<span class=\"_ _192\"> </span>- 58 645<span class=\"_ _192\"> </span>Razem zad\u0142u\u017ce<span class=\"_ _2\"></span>nie 7 335<span class=\"_ _192\"> </span>(1 994) 209 340 59<span class=\"_ _192\"> </span>5 949<span class=\"_ _192\"> </span>Wolne \u015br<span class=\"_ _2\"></span>odki pieni\u0119\u017cne<span class=\"_ _2\"></span> i ich ekwiwalen<span class=\"_ _2\"></span>ty 2 501<span class=\"_ _192\"> </span>( 621)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 880<span class=\"_ _192\"> </span>D\u0142ug netto 4 834<span class=\"_ _192\"> </span>(1 373) 209 340 59<span class=\"_ _192\"> </span>4 069<span class=\"_ _192\"> </span>Uzgodnienie <span class=\"_ _2\"></span>przep\u0142ywu <span class=\"_ _2\"></span>\u015brodk\u00f3w <span class=\"_ _2\"></span>pieni\u0119\u017cnych uj\u0119tych <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>zmianie <span class=\"_ _2\"></span>d\u0142ugu <span class=\"_ _2\"></span>netto <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>skonsolidowa<span class=\"_ _3\"></span>nego <span class=\"_ _53\"></span>spraw<span class=\"_ _3\"></span>ozdania z przep\u0142yw\u00f3w pieni\u0119<span class=\"_ _3\"></span>\u017cnych  od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _3\"></span> I. Dzia\u0142alno\u015b\u0107 finans<span class=\"_ _3\"></span>owa  104<span class=\"_ _192\"> </span>(1 872)<span class=\"_ _192\"> </span>Wp\u0142ywy z tytu\u0142u zaci\u0105gn<span class=\"_ _3\"></span>i\u0119tych kredyt\u00f3w i p<span class=\"_ _3\"></span>o\u017cyczek  677 358<span class=\"_ _192\"> </span>Sp\u0142ata kredyt\u00f3w i p<span class=\"_ _3\"></span>o\u017cyczek ( 425)<span class=\"_ _192\"> </span>(2 078)<span class=\"_ _192\"> </span>Sp\u0142ata zobowi\u0105za\u0144 <span class=\"_ _3\"></span>z tytu\u0142u leasin<span class=\"_ _3\"></span>gu ( 59)<span class=\"_ _192\"> </span>( 67)<span class=\"_ _192\"> </span>Sp\u0142ata odsetek z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w, <span class=\"_ _3\"></span>po\u017cyczek, d\u0142u\u017cnych papier<span class=\"_ _3\"></span>\u00f3w warto\u015bciowych ( 79)<span class=\"_ _192\"> </span>( 70)<span class=\"_ _192\"> </span>Sp\u0142ata odsetek z <span class=\"_ _3\"></span>tytu\u0142u leasingu ( 10)<span class=\"_ _192\"> </span>( 15)<span class=\"_ _192\"> </span>II. Dzia\u0142alno\u015b\u0107 inw<span class=\"_ _3\"></span>estycyjna ( 214)<span class=\"_ _192\"> </span>( 122)<span class=\"_ _192\"> </span>Zap\u0142acone aktyw<span class=\"_ _3\"></span>owane odsetki od zad<span class=\"_ _3\"></span>\u0142u\u017cenia ( 214)<span class=\"_ _192\"> </span>( 122)<span class=\"_ _192\"> </span>III. Zmiana staniu w<span class=\"_ _3\"></span>olnych \u015brodk\u00f3w pieni\u0119<span class=\"_ _3\"></span>\u017cnych ( 701)<span class=\"_ _192\"> </span>( 621)<span class=\"_ _192\"> </span>RAZEM (I+II-III)<span class=\"_ _3\"></span>  591<span class=\"_ _192\"> </span>(1 373) Z istniej\u0105cym <span class=\"_ _2\"></span>zad\u0142u\u017ceniem wi\u0105\u017ce si\u0119<span class=\"_ _2\"></span> ryzyko <span class=\"_ _2\"></span>kursowe oraz <span class=\"_ _2\"></span>ryzyko stopy procentowej. <span class=\"_ _2\"></span>Opis ekspozycji na <span class=\"_ _2\"></span>ryzyka f<span class=\"_ _2\"></span>inansow<span class=\"_ _3\"></span>e znajduje si\u0119 w Nocie 7.5<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>Nota 8.4.3 Szczeg<span class=\"_ _3\"></span>\u00f3\u0142y dotycz\u0105ce <span class=\"_ _3\"></span>g\u0142\u00f3wnych \u017ar\u00f3de\u0142 zad\u0142u\u017c<span class=\"_ _3\"></span>enia zewn\u0119trznego<span class=\"_ _3\"></span> Na <span class=\"_ _57\"> </span>dzie\u0144 <span class=\"_ _57\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _146\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _57\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _146\"> </span>posi<span class=\"_ _2\"></span>ada\u0142a  otwarte <span class=\"_ _57\"> </span>linie <span class=\"_ _57\"> </span>kredytowe, <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>\u017cyczki  o<span class=\"_ _2\"></span>raz <span class=\"_ _146\"> </span>d\u0142u\u017cne <span class=\"_ _57\"> </span>papiery <span class=\"_ _57\"> </span>warto\u015bciowe<span class=\"_ _3\"></span> z \u0142\u0105cznym <span class=\"_ _59\"> </span>saldem <span class=\"_ _5a\"> </span>udzieloneg<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>f<span class=\"_ _2\"></span>inansowania <span class=\"_ _59\"> </span>w r\u00f3wnowarto\u015bc<span class=\"_ _3\"></span>i <span class=\"_ _5a\"> </span>15 <span class=\"_ _59\"> </span>386 <span class=\"_ _59\"> </span>mln <span class=\"_ _5a\"> </span>PLN, <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>ramach <span class=\"_ _5a\"> </span>kt\u00f3rego <span class=\"_ _59\"> </span>wykorzystano 5 699 m<span class=\"_ _3\"></span>ln PLN (na dzie\u0144 31 grudnia 2021 r. Grupa<span class=\"_ _3\"></span> posiada\u0142a otwarte linie kredytowe oraz<span class=\"_ _3\"></span> po\u017cyczki inwestycyjne z<span class=\"_ _3\"></span> \u0142\u0105cznym saldem dost\u0119pn<span class=\"_ _3\"></span>ego finansowania w <span class=\"_ _3\"></span>wysoko\u015bci 14 505 m<span class=\"_ _3\"></span>ln PLN, w ramach k<span class=\"_ _3\"></span>t\u00f3rego wykorzystano <span class=\"_ _3\"></span> 5 304  mln <span class=\"_ _3\"></span>PLN). Poni\u017csze zestawi<span class=\"_ _3\"></span>enie prezentuje struktur\u0119 \u017ar<span class=\"_ _3\"></span>\u00f3de\u0142 finansowania.<span class=\"_ _3\"></span> Niezabezpieczony <span class=\"_ _3\"></span>odnawialny kredyt kons<span class=\"_ _3\"></span>orcjalny Kredyt<span class=\"_ _192\"> </span>na kwot\u0119 1<span class=\"_ _192\"> </span>500 mln USD (6 603<span class=\"_ _192\"> </span>mln PLN), uzyskany <span class=\"_ _2\"></span>na podstawie umowy o finansowanie zawartej przez Jednostk\u0119 Dominuj\u0105c\u0105 z konsorcjum <span class=\"_ _2\"></span>bank\u00f3w w <span class=\"_ _2\"></span>2019 r. z<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>terminem <span class=\"_ _2\"></span>zapadalno\u015bci 19 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2024 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>opcj\u0105 <span class=\"_ _2\"></span>przed\u0142u\u017cenia na <span class=\"_ _2\"></span>kolejne 2  lata <span class=\"_ _57\"> </span>(5+1+1). <span class=\"_ _146\"> </span>W <span class=\"_ _57\"> </span>latach <span class=\"_ _146\"> </span>2020-<span class=\"_ _2\"></span>2021  Jednostka <span class=\"_ _57\"> </span>Dominuj\u0105ca  uzyska\u0142a <span class=\"_ _146\"> </span>zgod\u0119 <span class=\"_ _57\"> </span>Uczestnik\u00f3w  Konsorcjum <span class=\"_ _57\"> </span>na  wyd\u0142<span class=\"_ _2\"></span>u\u017cenie<span class=\"_ _3\"></span> terminu <span class=\"_ _0\"></span>umowy <span class=\"_ _0\"></span>\u0142\u0105cznie <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>lata, <span class=\"_ _0\"></span>tj. <span class=\"_ _0\"></span>do <span class=\"_ _0\"> </span>dnia <span class=\"_ _0\"> </span>20 <span class=\"_ _0\"></span>grudnia <span class=\"_ _0\"></span>2026 <span class=\"_ _0\"></span>r. <span class=\"_ _1\"> </span>Limit <span class=\"_ _0\"></span>dost\u0119pnego <span class=\"_ _0\"></span>finansowania <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>okresie <span class=\"_ _0\"> </span>przed\u0142u\u017cenia b\u0119dzie <span class=\"_ _59\"> </span>wyno<span class=\"_ _3\"></span>si\u0142 <span class=\"_ _59\"> </span>1 438 <span class=\"_ _57\"> </span>mln <span class=\"_ _59\"> </span>USD <span class=\"_ _57\"> </span>(6 <span class=\"_ _59\"> </span>330 <span class=\"_ _57\"> </span>mln <span class=\"_ _59\"> </span>PLN). <span class=\"_ _59\"> </span>\u015arodki <span class=\"_ _57\"> </span>pozyskane <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>ramach <span class=\"_ _59\"> </span>udziel<span class=\"_ _3\"></span>onego <span class=\"_ _57\"> </span>kredyt<span class=\"_ _2\"></span>u <span class=\"_ _57\"> </span>przeznaczone s\u0105 na finansowani<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>og\u00f3lnych <span class=\"_ _0\"></span>cel\u00f3w <span class=\"_ _0\"></span>korporacyjny<span class=\"_ _3\"></span>ch. <span class=\"_ _0\"></span>Oprocentowanie <span class=\"_ _53\"></span>oparte <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>stawk\u0119 <span class=\"_ _0\"></span>LIBOR<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>powi\u0119kszon\u0105 <span class=\"_ _0\"></span>o <span class=\"_ _53\"></span>mar\u017c\u0119 banku, kt\u00f3ra uz<span class=\"_ _3\"></span>ale\u017cniona jest od wsk<span class=\"_ _3\"></span>a\u017anika finansowego d<span class=\"_ _3\"></span>\u0142ug netto/EBITDA. Umowa <span class=\"_ _2\"></span>kredytowa <span class=\"_ _2\"></span>nak\u0142ada <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>Grup\u0119 <span class=\"_ _53\"></span>obowi\u0105zek ut<span class=\"_ _2\"></span>rzymania <span class=\"_ _2\"></span>kowenantu finansowego <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>wen<span class=\"_ _3\"></span>ant\u00f3w <span class=\"_ _53\"></span>niefinans<span class=\"_ _3\"></span>owych. Parametry finansowania<span class=\"_ _3\"></span> s\u0105 zgodne ze standardowymi warunkam<span class=\"_ _3\"></span>i dla t<span class=\"_ _2\"></span>ego typu transakcji. Zgodn<span class=\"_ _3\"></span>ie z zapisami umownymi<span class=\"_ _3\"></span> Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105ca <span class=\"_ _59\"> </span>ma <span class=\"_ _5a\"> </span>obowi\u0105zek <span class=\"_ _5a\"> </span>raportowan<span class=\"_ _3\"></span>ia <span class=\"_ _5a\"> </span>poziomu <span class=\"_ _59\"> </span>kowenantu <span class=\"_ _5a\"> </span>finansowego <span class=\"_ _59\"> </span>na <span class=\"_ _5a\"> </span>okresy <span class=\"_ _5a\"> </span>sprawozdawcze, tj. na dzie\u0144 <span class=\"_ _1\"> </span>30 <span class=\"_ _74\"> </span>czerwca <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>31 <span class=\"_ _1\"> </span>g<span class=\"_ _2\"></span>rudnia. <span class=\"_ _1\"> </span>Jednostka <span class=\"_ _74\"> </span>Dominuj\u0105ca <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>bie\u017c\u0105co <span class=\"_ _74\"> </span>monitoruje <span class=\"_ _74\"> </span>ryzyko<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>przekroczenia <span class=\"_ _74\"> </span>poziomu kowenantu <span class=\"_ _59\"> </span>finansow<span class=\"_ _3\"></span>ego <span class=\"_ _59\"> </span>zawartego <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>umowie <span class=\"_ _57\"> </span>kredytu. <span class=\"_ _59\"> </span>Na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>ko\u0144cz\u0105cy <span class=\"_ _59\"> </span>okres <span class=\"_ _59\"> </span>spraw<span class=\"_ _3\"></span>ozdawczy, <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>trakcie <span class=\"_ _59\"> </span>roku obrotowego <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _55\"> </span>po<span class=\"_ _2\"></span> <span class=\"_ _5e\"> </span>dniu <span class=\"_ _5e\"> </span>ko\u0144cz\u0105cym <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _5e\"> </span>sprawozdawc<span class=\"_ _3\"></span>zy, <span class=\"_ _5e\"> </span>do <span class=\"_ _5e\"> </span>dnia <span class=\"_ _5e\"> </span>publikacji <span class=\"_ _5e\"> </span>niniejszego <span class=\"_ _5e\"> </span>skonsolidowanego sprawozdania <span class=\"_ _53\"></span>finansowego, <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _0\"></span>kowenantu <span class=\"_ _53\"></span>finansowego <span class=\"_ _53\"></span>obj\u0119tego <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>bowi\u0105zki<span class=\"_ _3\"></span>em <span class=\"_ _0\"></span>raportowania <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>30 <span class=\"_ _53\"></span>cze<span class=\"_ _2\"></span>rwca 2022 r. <span class=\"_ _3\"></span>oraz 31 grudnia 2022 <span class=\"_ _3\"></span>r., spe\u0142<span class=\"_ _2\"></span>nia\u0142a zapisy z<span class=\"_ _3\"></span>awarte w umowi<span class=\"_ _3\"></span>e. W <span class=\"_ _59\"> </span>2022 <span class=\"_ _59\"> </span>r. <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>dokona\u0142a <span class=\"_ _59\"> </span>zmiany <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>s\u0105du <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>zakresie <span class=\"_ _59\"> </span>ujmowania <span class=\"_ _59\"> </span>prowizji <span class=\"_ _59\"> </span>przy<span class=\"_ _3\"></span>gotowawczej <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>uzna\u0142a, <span class=\"_ _59\"> </span>\u017ce <span class=\"_ _59\"> </span>prowizja przygotowawcza  zap\u0142acona  w <span class=\"_ _57\"> </span>zwi\u0105zku <span class=\"_ _146\"> </span>z<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>zawarciem <span class=\"_ _146\"> </span>umo<span class=\"_ _2\"></span>wy <span class=\"_ _146\"> </span>o <span class=\"_ _57\"> </span>udost\u0119pnienie <span class=\"_ _146\"> </span>finansowania <span class=\"_ _146\"> </span>w <span class=\"_ _57\"> </span>postaci <span class=\"_ _57\"> </span>odnawialneg<span class=\"_ _3\"></span>o kredytu <span class=\"_ _69\"> </span>stanowi <span class=\"_ _69\"> </span>zap\u0142at\u0119 <span class=\"_ _69\"> </span>za <span class=\"_ _69\"> </span>korzy\u015b\u0107 <span class=\"_ _69\"> </span>Grupy <span class=\"_ _69\"> </span>w <span class=\"_ _69\"> </span>postaci <span class=\"_ _69\"> </span>uzyskanego <span class=\"_ _69\"> </span>dost\u0119pu <span class=\"_ _69\"> </span>do <span class=\"_ _69\"> </span>finansowania <span class=\"_ _69\"> </span>na <span class=\"_ _69\"> </span>ustalonych i zaakceptowanych przez <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _2\"></span>warunkach, <span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>nie <span class=\"_ _2\"></span>koszt <span class=\"_ _53\"></span>zaci\u0105ganych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>ramach <span class=\"_ _2\"></span>tej<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>umowy <span class=\"_ _53\"></span>zobowi\u0105za\u0144 <span class=\"_ _2\"></span>finansowych. <span class=\"_ _2\"></span>Tym samym,  niezam<span class=\"_ _3\"></span>ortyzowana  warto\u015b\u0107  p<span class=\"_ _3\"></span>rowizji  przygotowawcz<span class=\"_ _3\"></span>ej  zosta\u0142a  uj\u0119ta  jako  sk\u0142ad<span class=\"_ _3\"></span>nik  aktyw\u00f3w  i  pr<span class=\"_ _3\"></span>zeksi\u0119gowana<span class=\"_ _3\"></span> w sprawozdaniu <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>sytuacji <span class=\"_ _1\"> </span>finansow<span class=\"_ _3\"></span>ej <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>rozliczenia <span class=\"_ _0\"></span>mi\u0119dzyokresowe <span class=\"_ _0\"> </span>koszt\u00f3w <span class=\"_ _1\"> </span>(odpowiednio <span class=\"_ _0\"></span>kr\u00f3tko <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>d\u0142ugoterminow<span class=\"_ _3\"></span>e) i w dalszym ci\u0105gu jest rozliczana liniowo do wyniku finansoweg<span class=\"_ _3\"></span>o w <span class=\"_ _2\"></span>okresie do ko\u0144ca obowi\u0105zywania umowy o odnawialn<span class=\"_ _3\"></span>y kredyt konsorcjaln<span class=\"_ _3\"></span>y. 2022 <span class=\"_ _157\"> </span>2022 <span class=\"_ _157\"> </span>2021 Kwota udzielonego finansowania<span class=\"_ _3\"></span> Kwota zobowi\u0105zania<span class=\"_ _3\"></span> Kwota zobowi\u0105zania<span class=\"_ _3\"></span>   <span class=\"_ _158\"> </span>6 603<span class=\"_ _192\"> </span>528<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Prowizja przyg<span class=\"_ _3\"></span>otowawcza<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(14) Warto\u015b\u0107 bilansowa z<span class=\"_ _3\"></span>obowi\u0105zania<span class=\"_ _3\"></span> z tytu\u0142u kredytu 528<span class=\"_ _192\"> </span>(14)<span class=\"_ _192\"> </span>Po\u017cyczki inwestycyj<span class=\"_ _3\"></span>ne Po\u017cyczki, w tym po\u017cyczki <span class=\"_ _2\"></span>udzielone Jednostce Dominuj\u0105cej przez Europejski Bank Inwestycyjny <span class=\"_ _2\"></span>na \u0142\u0105czn\u0105 kwot\u0119 3 340 mln PLN: 1.<span class=\"ff8\"> <span class=\"_ _69\"> </span></span>Po\u017cyczka <span class=\"_ _0\"></span>inwestycyjna <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>wyso<span class=\"_ _2\"></span>ko\u015bci <span class=\"_ _53\"></span>2 <span class=\"_ _0\"></span>000 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zaci\u0105gni\u0119ta <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>trzech <span class=\"_ _0\"></span>transzach <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>terminami <span class=\"_ _53\"></span>sp\u0142aty <span class=\"_ _0\"></span>up\u0142ywaj\u0105cymi<span class=\"_ _3\"></span> dnia <span class=\"_ _2\"></span>30 pa\u017adziernika <span class=\"_ _2\"></span>2026 <span class=\"_ _2\"></span>r., <span class=\"_ _2\"></span>30 <span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>erpnia <span class=\"_ _2\"></span>2028 r. <span class=\"_ _2\"></span> <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>23 maja <span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>029 r. <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>wykorzystana <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>pe\u0142nym <span class=\"_ _2\"></span>zakresie <span class=\"_ _2\"></span>dost\u0119pnego limitu. <span class=\"_ _1\"> </span>\u015arodki <span class=\"_ _0\"></span>pozyskane <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ramach <span class=\"_ _0\"></span>po\u017cyczki <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _1\"> </span>przeznaczon<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>finansowanie <span class=\"_ _0\"> </span>realizowanych <span class=\"_ _1\"> </span>przez <span class=\"_ _0\"></span>Jednostk\u0119 Dominuj\u0105c\u0105 <span class=\"_ _56\"> </span>projekt\u00f3w <span class=\"_ _56\"> </span>inwestycyjnych <span class=\"_ _61\"> </span>zwi\u0105zanych <span class=\"_ _56\"> </span>z <span class=\"_ _56\"> </span>modernizacj\u0105 <span class=\"_ _56\"> </span>hutnictwa <span class=\"_ _56\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _56\"> </span>rozbudow\u0105 <span class=\"_ _61\"> </span>o<span class=\"_ _2\"></span>biektu<span class=\"_ _3\"></span> unieszkodliwiania odpad\u00f3w  <span class=\"_ _2\"></span>wydobywczych \u201e\u017belazny Most\u201d. Oprocentowanie transz po\u017cyczki <span class=\"_ _2\"></span>oparte jest <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>sta\u0142\u0105 stop\u0119 procentow\u0105 . 2.<span class=\"ff8\"> <span class=\"_ _69\"> </span></span>Po\u017cyczka <span class=\"_ _74\"> </span>inwestycyjna <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>wysoko\u015bci <span class=\"_ _1\"> </span>1 <span class=\"_ _74\"> </span>340 <span class=\"_ _1\"> </span>mln <span class=\"_ _74\"> </span>PLN <span class=\"_ _74\"> </span>udzielona <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>grudniu <span class=\"_ _74\"> </span>2017 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>z terminem <span class=\"_ _1\"> </span>finansowania <span class=\"_ _1\"> </span>12 <span class=\"_ _74\"> </span>lat. W ramach <span class=\"_ _0\"></span>udzielonej <span class=\"_ _0\"> </span>po\u017cyczki <span class=\"_ _1\"> </span>Jedn<span class=\"_ _3\"></span>ostka <span class=\"_ _1\"> </span>Dominuj\u0105<span class=\"_ _3\"></span>ca <span class=\"_ _0\"> </span>zaci\u0105gn\u0119\u0142a <span class=\"_ _0\"> </span>trzy <span class=\"_ _1\"> </span>transze <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>terminami <span class=\"_ _0\"></span>sp\u0142aty <span class=\"_ _0\"></span>up\u0142ywaj\u0105cymi <span class=\"_ _0\"></span>dnia <span class=\"_ _3\"></span> 28 czerwca 2030 r., <span class=\"_ _2\"></span>23 kwietnia <span class=\"_ _2\"></span>2031 r. <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>11 wrze\u015bnia <span class=\"_ _2\"></span>2031 r. <span class=\"_ _2\"></span>Termin <span class=\"_ _2\"></span>dost\u0119pno\u015bci niewykorzystanej kwoty po\u017cyczki w <span class=\"_ _53\"></span>wysoko\u015bci <span class=\"_ _0\"></span>440 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>kt\u00f3r\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>czerwcu <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _0\"></span>zosta\u0142a <span class=\"_ _53\"></span>zwi\u0119kszona <span class=\"_ _53\"></span>kwota <span class=\"_ _53\"></span>udzielonego <span class=\"_ _53\"></span>Jednostce <span class=\"_ _53\"></span>Dominuj\u0105cej finansowania, <span class=\"_ _5a\"> </span>up\u0142ynie <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>kwietniu <span class=\"_ _5a\"> </span>2023 <span class=\"_ _5a\"> </span>r. <span class=\"_ _5a\"> </span>\u015arodki <span class=\"_ _54\"> </span>pozyskane <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>ramach <span class=\"_ _5a\"> </span>udzielo<span class=\"_ _2\"></span>nej <span class=\"_ _5a\"> </span>po\u017cyczki <span class=\"_ _5a\"> </span>s\u0105 <span class=\"_ _5a\"> </span>przeznaczone na finansowanie realizowanych przez Jednostk\u0119 <span class=\"_ _2\"></span>Dominuj\u0105c\u0105 projekt\u00f3w o <span class=\"_ _2\"></span>charakterze rozwojowym i odtworzeniowym na r\u00f3\u017cnych etapach <span class=\"_ _3\"></span>ci\u0105gu technologiczne<span class=\"_ _3\"></span>go. Oprocentowanie tra<span class=\"_ _3\"></span>nsz po\u017cyczki opar<span class=\"_ _3\"></span>te jest o sta\u0142\u0105 stop<span class=\"_ _3\"></span>\u0119 procentow\u0105. Umowy <span class=\"_ _54\"> </span>po\u017c<span class=\"_ _3\"></span>yczek <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>Eur<span class=\"_ _3\"></span>opejskiego <span class=\"_ _5a\"> </span>Banku <span class=\"_ _54\"> </span>Inwestycyjne<span class=\"_ _3\"></span>go <span class=\"_ _54\"> </span>nak\u0142adaj\u0105 <span class=\"_ _5a\"> </span>na <span class=\"_ _54\"> </span>Grup\u0119 <span class=\"_ _5a\"> </span>obowi\u0105zek <span class=\"_ _54\"> </span>utrzymania <span class=\"_ _5a\"> </span>kowenantu finansowego <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>kowenant\u00f3w <span class=\"_ _1\"> </span>niefinansowych <span class=\"_ _0\"> </span>st<span class=\"_ _2\"></span>andardow<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>stosowanych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>tego <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ypu <span class=\"_ _1\"> </span>umowach. <span class=\"_ _0\"> </span>Zgo<span class=\"_ _2\"></span>dnie <span class=\"_ _1\"> </span>z zapisami<span class=\"_ _3\"></span> umownymi <span class=\"_ _69\"> </span>Jednostka <span class=\"_ _69\"> </span>Dominuj\u0105ca <span class=\"_ _67\"> </span>ma <span class=\"_ _5d\"> </span>obowi\u0105zek <span class=\"_ _69\"> </span>raportowa<span class=\"_ _3\"></span>nia <span class=\"_ _69\"> </span>pozio<span class=\"_ _2\"></span>mu <span class=\"_ _69\"> </span>kowenantu <span class=\"_ _69\"> </span>finansowego <span class=\"_ _69\"> </span>na <span class=\"_ _69\"> </span>okresy sprawozdawcze, <span class=\"_ _5a\"> </span>tj. <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>dzie\u0144 <span class=\"_ _54\"> </span>30 <span class=\"_ _3\"></span>czerwca <span class=\"_ _54\"> </span>oraz <span class=\"_ _5a\"> </span>31 <span class=\"_ _54\"> </span>grudnia. <span class=\"_ _54\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>bie<span class=\"_ _2\"></span>\u017c\u0105co <span class=\"_ _54\"> </span>monitoruj<span class=\"_ _3\"></span>e <span class=\"_ _54\"> </span>ryzyko przekroczenia <span class=\"_ _67\"> </span>poziom\u00f3w <span class=\"_ _67\"> </span>kowenantu <span class=\"_ _67\"> </span>finansowego <span class=\"_ _67\"> </span>zawartych <span class=\"_ _67\"> </span>w umowach <span class=\"_ _67\"> </span>po\u017cyczek. <span class=\"_ _67\"> </span>N<span class=\"_ _2\"></span>a <span class=\"_ _67\"> </span>dzie\u0144 <span class=\"_ _67\"> </span>ko<span class=\"_ _2\"></span>\u0144cz\u0105cy <span class=\"_ _67\"> </span>okres sprawozdawczy, w trakcie roku obrotowego oraz po <span class=\"_ _2\"></span>dniu ko\u0144cz\u0105cym okres sprawozdawczy, do dnia publikacji niniejszego skonsolidowaneg<span class=\"_ _3\"></span>o  spraw<span class=\"_ _3\"></span>ozdania <span class=\"_ _74\"> </span>f<span class=\"_ _2\"></span>inansowego, <span class=\"_ _74\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>kowenantu  finans<span class=\"_ _3\"></span>owego <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>bj\u0119tego <span class=\"_ _74\"> </span>obowi\u0105zkiem <span class=\"_ _74\"> </span>raportowania na dzie\u0144 30 <span class=\"_ _3\"></span>czerwca 2022 r. <span class=\"_ _3\"></span>oraz 31 grudnia 2022 r., <span class=\"_ _3\"></span>spe\u0142nia\u0142a zapisy zawarte w u<span class=\"_ _3\"></span>mowach po\u017cyczek<span class=\"_ _3\"></span>. 2022 <span class=\"_ _157\"> </span>2022 <span class=\"_ _157\"> </span>2021<span class=\"_ _192\"> </span>Kwota udzielonego finansowania<span class=\"_ _3\"></span> Kwota zobowi\u0105zania<span class=\"_ _3\"></span> Kwota zobowi\u0105zania<span class=\"_ _192\"> </span>3 528<span class=\"_ _192\"> </span>2 434<span class=\"_ _192\"> </span>2 568<span class=\"_ _192\"> </span>Pozosta\u0142e kredyty b<span class=\"_ _3\"></span>ankowe Kredyty  bila<span class=\"_ _3\"></span>teralne  na <span class=\"_ _74\"> </span>\u0142<span class=\"_ _2\"></span>\u0105czn\u0105  k<span class=\"_ _3\"></span>wot\u0119  3  2<span class=\"_ _3\"></span>55  mln  PL<span class=\"_ _3\"></span>N  s\u0142u\u017c\u0105c<span class=\"_ _3\"></span>e  finansowaniu  ka<span class=\"_ _3\"></span>pita\u0142u <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>brotowego,  b<span class=\"_ _3\"></span>\u0119d\u0105ce  narz\u0119dzi<span class=\"_ _3\"></span>em wspieraj\u0105cym <span class=\"_ _54\"> </span>zarz\u0105dz<span class=\"_ _3\"></span>anie <span class=\"_ _54\"> </span>p\u0142ynno\u015bci\u0105 <span class=\"_ _54\"> </span>finansow\u0105 <span class=\"_ _54\"> </span>oraz <span class=\"_ _54\"> </span>wspomagaj\u0105cym <span class=\"_ _54\"> </span>finans<span class=\"_ _3\"></span>owanie <span class=\"_ _54\"> </span>realizowanych <span class=\"_ _54\"> </span>przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 inwestycyjnych. <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>linie<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>w  ramach <span class=\"_ _1\"> </span>zawartych  kr<span class=\"_ _3\"></span>\u00f3tko  i <span class=\"_ _1\"> </span>d\u0142<span class=\"_ _2\"></span>ugotermin<span class=\"_ _3\"></span>owych <span class=\"_ _74\"> </span>um\u00f3w <span class=\"_ _58\"> </span>kredytowych.<span class=\"_ _3\"></span> \u015arodki <span class=\"_ _53\"></span>finansowe <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _2\"></span>otwartych <span class=\"_ _53\"></span>linii <span class=\"_ _53\"></span>kredytow<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>dost\u0119pne <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>w walutach: <span class=\"_ _2\"></span>PLN, <span class=\"_ _53\"></span>USD <span class=\"_ _53\"></span>oraz <span class=\"_ _2\"></span>EUR, <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>oprocentowanie<span class=\"_ _3\"></span> oparte jest na sta\u0142<span class=\"_ _3\"></span>ej stopie procentowej lub <span class=\"_ _3\"></span>zmiennej stopie pr<span class=\"_ _3\"></span>ocentowej WIBOR,<span class=\"_ _3\"></span> LIBOR, EURIBOR <span class=\"_ _3\"></span>powi\u0119kszonej o mar\u017c\u0119.   <span class=\"_ _159\"> </span><span class=\"ff1 fc2\">2022 <span class=\"_ _157\"> </span>2022 <span class=\"_ _157\"> </span>2021 </span>Kwota udzielonego finansowania<span class=\"_ _3\"></span> Kwota zobowi\u0105zania<span class=\"_ _3\"></span> Kwota zobowi\u0105zania<span class=\"_ _3\"></span>   <span class=\"_ _e\"> </span>3 255<span class=\"_ _192\"> </span>735<span class=\"_ _192\"> </span>751<span class=\"_ _192\"> </span>Prowizja przyg<span class=\"_ _3\"></span>otowawcza<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(2) Warto\u015b\u0107 bilansowa <span class=\"_ _3\"></span>zobowi\u0105zania <span class=\"_ _3\"></span>z tytu\u0142u kredyt\u00f3w<span class=\"_ _192\"> </span>735<span class=\"_ _192\"> </span>749<span class=\"_ _192\"> </span>D\u0142u\u017cne papiery w<span class=\"_ _3\"></span>arto\u015bciowe Program emisji obli<span class=\"_ _3\"></span>gacji Jednostki Dominuj\u0105<span class=\"_ _3\"></span>cej na rynku p<span class=\"_ _3\"></span>olskim ustanowiony umow\u0105 <span class=\"_ _3\"></span>emisyjn\u0105 z <span class=\"_ _3\"></span>dnia 27 maja <span class=\"_ _3\"></span>2019 r.  Emisja o <span class=\"_ _2\"></span>warto\u015bci no<span class=\"_ _2\"></span>minalnej 2 000 mln PLN<span class=\"_ _192\"> </span>zosta\u0142a przeprowadzona w <span class=\"_ _2\"></span>dniu 27 <span class=\"_ _2\"></span>czerwca 2019 r.<span class=\"_ _2\"></span>, w <span class=\"_ _2\"></span>ramach kt\u00f3<span class=\"_ _2\"></span>rej zost<span class=\"_ _2\"></span>a\u0142y<span class=\"_ _3\"></span> wyemitowane obligac<span class=\"_ _3\"></span>je 5-letnie na <span class=\"_ _3\"></span>kwot\u0119 400 mln PLN z terminem <span class=\"_ _3\"></span>wykupu up\u0142ywaj\u0105cym 27 <span class=\"_ _3\"></span>czerwca 2024 r<span class=\"_ _3\"></span>. o<span class=\"_ _2\"></span>raz obligacje<span class=\"_ _3\"></span> 10-letnie na kw<span class=\"_ _3\"></span>ot\u0119 1 600 mln <span class=\"_ _3\"></span>PLN<span class=\"_ _2\"></span> z termin<span class=\"_ _3\"></span>em wykupu 27 czerwc<span class=\"_ _3\"></span>a 2029 r<span class=\"_ _3\"></span>.  Warto\u015b\u0107 <span class=\"_ _0\"></span>nominalna <span class=\"_ _0\"></span>jednej <span class=\"_ _0\"></span>obligacji <span class=\"_ _0\"></span>wynosi <span class=\"_ _0\"></span>1 000<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>PLN, <span class=\"_ _0\"></span>cena <span class=\"_ _0\"> </span>e<span class=\"_ _2\"></span>misyjna <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>r\u00f3wna <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>nominalnej. <span class=\"_ _0\"></span>Oprocentowani<span class=\"_ _3\"></span>e obligacji oparte jest na <span class=\"_ _3\"></span>zmiennej stopie pr<span class=\"_ _3\"></span>ocentowej WIBOR <span class=\"_ _3\"></span>powi\u0119kszonej o mar<span class=\"_ _3\"></span>\u017c\u0119. \u015arodki pozyskan<span class=\"_ _3\"></span>e z emisji obligacji prz<span class=\"_ _3\"></span>eznaczone s\u0105 na finans<span class=\"_ _3\"></span>owanie og\u00f3lnych c<span class=\"_ _3\"></span>el\u00f3w korporacyjn<span class=\"_ _3\"></span>ych.   <span class=\"_ _159\"> </span><span class=\"ff1 fc2\">2022 <span class=\"_ _157\"> </span>2022 <span class=\"_ _157\"> </span>2021 </span>Warto\u015b\u0107 nominalna emisji  Kwota zobowi\u0105zania<span class=\"_ _3\"></span> Kwota zobowi\u0105zania<span class=\"_ _3\"></span>   <span class=\"_ _e\"> </span>2 000<span class=\"_ _192\"> </span>2 002<span class=\"_ _192\"> </span>2 001<span class=\"_ _192\"> </span>Razem kredyty,  <span class=\"_ _3\"></span>po\u017cyczki i d\u0142u\u017cne papi<span class=\"_ _3\"></span>ery warto\u015bciow<span class=\"_ _3\"></span>e<span class=\"_ _192\"> </span>15 386<span class=\"_ _192\"> </span>5 699<span class=\"_ _192\"> </span>5 320<span class=\"_ _192\"> </span>Prowizja przyg<span class=\"_ _3\"></span>otowawcza pomniejszaj\u0105<span class=\"_ _3\"></span>ca zobowi\u0105zanie z<span class=\"_ _3\"></span> tytu\u0142u wykorzystania kredyt\u00f3w<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(16)<span class=\"_ _192\"> </span>Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa zobowi\u0105za\u0144  z t<span class=\"_ _3\"></span>ytu\u0142u kredyt\u00f3w, po\u017cycz<span class=\"_ _3\"></span>ek i d\u0142u\u017cnych papier\u00f3w warto\u015bc<span class=\"_ _3\"></span>iowych<span class=\"ff2 fc0\"> </span>5 699<span class=\"_ _192\"> </span>5 304<span class=\"_ _192\"> </span>Powy\u017csze <span class=\"_ _63\"> </span>\u017ar\u00f3d\u0142a <span class=\"_ _63\"> </span>zapewniaj\u0105 <span class=\"_ _5b\"> </span>do<span class=\"_ _2\"></span>st\u0119pno\u015b\u0107 <span class=\"_ _63\"> </span>finansowania <span class=\"_ _5b\"> </span>zewn\u0119trznego <span class=\"_ _63\"> </span>w <span class=\"_ _63\"> </span>kwocie 15 386 mln P<span class=\"_ _3\"></span>LN. <span class=\"_ _65\"> </span>P<span class=\"_ _3\"></span>ozosta\u0142e do wykorzystania <span class=\"_ _3\"></span>\u015brodki w pe\u0142ni za<span class=\"_ _3\"></span>bezpieczaj\u0105 potrzeby p\u0142ynn<span class=\"_ _3\"></span>o\u015bciowe Grupy Kapi<span class=\"_ _3\"></span>ta\u0142owej.  Kredyt konsorcjalny na <span class=\"_ _3\"></span>kwot\u0119 1 500 mln <span class=\"_ _3\"></span>USD (6 603 mln PLN), po\u017cyczki inw<span class=\"_ _3\"></span>estycyjne na kwot\u0119 3 3<span class=\"_ _3\"></span>40 mln PLN, jak <span class=\"_ _3\"></span>i kredyty bilateralne udzielon<span class=\"_ _3\"></span>e Jednostce Dominu<span class=\"_ _3\"></span>j\u0105cej w kwocie 3 <span class=\"_ _3\"></span>193 mln PLN s\u0105 <span class=\"_ _3\"></span>niezabezpieczone. <span class=\"_ _3\"></span> Sp\u0142aty <span class=\"_ _5d\"> </span>cz\u0119\u015bci <span class=\"_ _5d\"> </span>zo<span class=\"_ _2\"></span>bowi\u0105za\u0144 <span class=\"_ _5d\"> </span>pozosta<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _64\"> </span>sp<span class=\"_ _3\"></span>\u00f3\u0142ek <span class=\"_ _5d\"> </span>Grupy <span class=\"_ _64\"> </span>z <span class=\"_ _5d\"> </span>tytu\u0142u <span class=\"_ _5d\"> </span>kredyt\u00f3w <span class=\"_ _5d\"> </span>bilateralnych <span class=\"_ _5d\"> </span>oraz <span class=\"_ _5d\"> </span>po\u017cyczek <span class=\"_ _5d\"> </span>obj\u0119te s\u0105 zabezpieczeniami w postaci o\u015bwiadcze\u0144 o<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>poddaniu si\u0119 <span class=\"_ _2\"></span>egzekucji, hipotek <span class=\"_ _2\"></span>umownych, zastaw\u00f3w <span class=\"_ _2\"></span>rejestrowych lub <span class=\"_ _2\"></span>cesji wierzytelno\u015bci. <span class=\"_ _64\"> </span>Wart<span class=\"_ _3\"></span>o\u015b\u0107 <span class=\"_ _64\"> </span>bilansowa <span class=\"_ _64\"> </span>ustan<span class=\"_ _3\"></span>owionych <span class=\"_ _64\"> </span>zabezpiecze\u0144 <span class=\"_ _5d\"> </span>sp\u0142<span class=\"_ _2\"></span>aty <span class=\"_ _5d\"> </span>f<span class=\"_ _2\"></span>inansowania <span class=\"_ _64\"> </span>z<span class=\"_ _3\"></span>ewn\u0119trznego <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>dzie<span class=\"_ _3\"></span>\u0144 31 grudnia 2<span class=\"_ _3\"></span>022 <span class=\"_ _59\"> </span>r. <span class=\"_ _5a\"> </span>wynios\u0142a <span class=\"_ _5a\"> </span>243<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>mln <span class=\"_ _59\"> </span>PLN, <span class=\"_ _5a\"> </span>w <span class=\"_ _59\"> </span>tym <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>rzeczowych <span class=\"_ _59\"> </span>aktyw\u00f3w <span class=\"_ _59\"> </span>trwa\u0142ych <span class=\"_ _59\"> </span>wynios\u0142a <span class=\"_ _5a\"> </span>117 <span class=\"_ _59\"> </span>mln <span class=\"_ _5a\"> </span>PLN  (na 31 grudnia <span class=\"_ _3\"></span>2021 r. 343 m<span class=\"_ _3\"></span>ln PLN, w tym warto\u015b\u0107 rzecz<span class=\"_ _3\"></span>owych aktyw\u00f3w trwa\u0142ych wyn<span class=\"_ _3\"></span>ios\u0142a 217 mln <span class=\"_ _3\"></span>PLN).<span class=\"_ _192\"> </span>Nota 8.5 \u015arodki <span class=\"_ _3\"></span>pieni\u0119\u017cne i ich ekwiw<span class=\"_ _3\"></span>alenty Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci \u015arodki  pieni\u0119\u017cne  i <span class=\"_ _146\"> </span>ich <span class=\"_ _57\"> </span>ekwiwalenty  obe<span class=\"_ _2\"></span>jmuj\u0105  g\u0142\u00f3wnie  \u015brodki  pieni\u0119\u017cne <span class=\"_ _146\"> </span>na <span class=\"_ _146\"> </span>rachunkach  bankowych <span class=\"_ _146\"> </span>oraz <span class=\"_ _146\"> </span>depo<span class=\"_ _2\"></span>zyty<span class=\"_ _3\"></span> bankowe <span class=\"_ _57\"> </span>o <span class=\"_ _59\"> </span>terminie <span class=\"_ _59\"> </span>wymagal<span class=\"_ _3\"></span>no\u015bci <span class=\"_ _59\"> </span>do <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>rzech <span class=\"_ _57\"> </span>miesi\u0119cy <span class=\"_ _59\"> </span>od <span class=\"_ _57\"> </span>dnia <span class=\"_ _59\"> </span>ich <span class=\"_ _57\"> </span>za\u0142o<span class=\"_ _2\"></span>\u017cenia <span class=\"_ _57\"> </span>(<span class=\"_ _2\"></span>r\u00f3wnie\u017c <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>c<span class=\"_ _2\"></span>el\u00f3w <span class=\"_ _59\"> </span>spraw<span class=\"_ _3\"></span>ozdania z przep\u0142yw\u00f3w <span class=\"_ _5d\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017cnych). <span class=\"_ _5d\"> </span>\u015arodki <span class=\"_ _64\"> </span>pieni\u0119\u017cne <span class=\"_ _5d\"> </span>wycenia <span class=\"_ _64\"> </span>si\u0119 <span class=\"_ _5d\"> </span>w <span class=\"_ _64\"> </span>kwocie <span class=\"_ _64\"> </span>nominalnej <span class=\"_ _64\"> </span>powi\u0119kszo<span class=\"_ _3\"></span>nej <span class=\"_ _64\"> </span>o <span class=\"_ _64\"> </span>odsetki,<span class=\"_ _3\"></span> z uwzgl\u0119dnieniem <span class=\"_ _3\"></span>odpis\u00f3w z tytu\u0142u ocz<span class=\"_ _3\"></span>ekiwanych strat kred<span class=\"_ _3\"></span>ytowych (Nota 7.5.2.1).<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na 31.12.2021 \u015arodki pieni\u0119\u017cne na <span class=\"_ _3\"></span>rachunkach <span class=\"_ _3\"></span>bankowych  619<span class=\"_ _192\"> </span>1 151<span class=\"_ _192\"> </span>Inne aktywa finans<span class=\"_ _3\"></span>owe o terminie p\u0142atn<span class=\"_ _3\"></span>o\u015bci do 3 miesi\u0119cy od dni<span class=\"_ _3\"></span>a nabycia - depozyty<span class=\"_ _3\"></span>  573 744<span class=\"_ _192\"> </span>Pozosta\u0142e \u015brodki p<span class=\"_ _3\"></span>ieni\u0119\u017cne  8 9<span class=\"_ _192\"> </span>Razem \u015brodki p<span class=\"_ _3\"></span>ieni\u0119\u017cne i ich <span class=\"_ _3\"></span>ekwiwalenty, z tego: 1 200<span class=\"_ _192\"> </span>1 904<span class=\"_ _192\"> </span>wykazane w ram<span class=\"_ _3\"></span>ach aktyw\u00f3w przeznaczon<span class=\"_ _3\"></span>ych do sprzeda\u017cy<span class=\"_ _3\"></span> (grupa zbycia) - 20<span class=\"_ _192\"> </span>wykazane jako \u201e\u015br<span class=\"_ _3\"></span>odki pieni\u0119\u017cne <span class=\"_ _3\"></span>i ich ekwiwalenty\" 1 200<span class=\"_ _192\"> </span>1 884<span class=\"_ _192\"> </span>\u015arodki pieni\u0119\u017cne o <span class=\"_ _3\"></span>ograniczonej m<span class=\"_ _3\"></span>o\u017cliwo\u015bci dysponowania<span class=\"_ _3\"></span>  21 24<span class=\"_ _192\"> </span>Nota 8.4.1<span class=\"_ _2\"></span> Wolne \u015brodki pi<span class=\"_ _3\"></span>eni\u0119\u017cne i ich ekwiwalenty<span class=\"_ _3\"></span> 1 179<span class=\"_ _192\"> </span>1 880<span class=\"_ _192\"> </span>W ramach <span class=\"_ _2\"></span>\u015brodk\u00f3w pieni\u0119\u017cnych na rachunkach bankowych <span class=\"_ _2\"></span>na dzie\u0144 <span class=\"_ _2\"></span>31 grudnia <span class=\"_ _2\"></span>2022 r. <span class=\"_ _2\"></span>Grupa posiada\u0142a \u015bro<span class=\"_ _2\"></span>dki pieni\u0119\u017cne w kwocie <span class=\"_ _0\"></span>66 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(na <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>gr<span class=\"_ _2\"></span>udnia <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN), <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _0\"></span>stanowi\u0105 <span class=\"_ _0\"></span>\u015brodki <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>wyodr\u0119bnionych <span class=\"_ _0\"></span>rachunkach <span class=\"_ _53\"></span>VAT, s\u0142u\u017c\u0105ce <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>obs\u0142ugi <span class=\"_ _54\"> </span>sp\u0142aty <span class=\"_ _54\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144 <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>ramach <span class=\"_ _54\"> </span>mechanizmu <span class=\"_ _5a\"> </span>po<span class=\"_ _2\"></span>dzielonej <span class=\"_ _54\"> </span>p\u0142atno\u015bci. <span class=\"_ _5a\"> </span>\u015a<span class=\"_ _2\"></span>rodki <span class=\"_ _54\"> </span>te <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _54\"> </span>sukcesywni<span class=\"_ _3\"></span>e przeznaczane <span class=\"_ _57\"> </span>g\u0142\u00f3wnie <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>regulowanie <span class=\"_ _57\"> </span>p\u0142atno\u015bci <span class=\"_ _59\"> </span>zobowi\u0105za\u0144 <span class=\"_ _146\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>podatku <span class=\"_ _57\"> </span>VAT <span class=\"_ _59\"> </span>wobec <span class=\"_ _57\"> </span>dostawc\u00f3w <span class=\"_ _57\"> </span>oraz <span class=\"_ _59\"> </span>innych zobowi\u0105za\u0144 prz<span class=\"_ _3\"></span>ewidzianych ustawow<span class=\"_ _3\"></span>o. Nota 8.6 Zobowi\u0105z<span class=\"_ _3\"></span>ania z tytu\u0142u udzielonych <span class=\"_ _3\"></span>gwarancji i <span class=\"_ _3\"></span>por\u0119cze\u0144 Istotnym narz\u0119dziem z<span class=\"_ _3\"></span>arz\u0105dzania p\u0142ynn<span class=\"_ _3\"></span>o\u015bci\u0105 finansow\u0105 w Grup<span class=\"_ _3\"></span>ie s\u0105 gwarancje i ak<span class=\"_ _3\"></span>redytywy. Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Grupa <span class=\"_ _0\"> </span>udzieli\u0142<span class=\"_ _2\"></span>a <span class=\"_ _1\"> </span>gwaranc<span class=\"_ _3\"></span>ji <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>por\u0119cze\u0144, <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _1\"> </span>spe\u0142niaj\u0105 <span class=\"_ _0\"></span>definicj\u0119 <span class=\"_ _1\"> </span>zobowi\u0105zania <span class=\"_ _0\"></span>warunkowego <span class=\"_ _0\"></span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>MSR <span class=\"_ _1\"> </span>37, <span class=\"_ _0\"></span>kt\u00f3re ujmuje <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zobowi\u0105zaniach <span class=\"_ _57\"> </span>warunkowych  o<span class=\"_ _2\"></span>raz <span class=\"_ _146\"> </span>gwarancji, <span class=\"_ _57\"> </span>kt\u00f3re <span class=\"_ _57\"> </span>spe<span class=\"_ _2\"></span>\u0142niaj\u0105 <span class=\"_ _146\"> </span>defi<span class=\"_ _2\"></span>nicj\u0119 <span class=\"_ _146\"> </span>gwarancji <span class=\"_ _57\"> </span>finansowych <span class=\"_ _57\"> </span>zgodnie z MSSF 9, kt\u00f3re wy<span class=\"_ _3\"></span>cenia si\u0119 i rozpoznaje jak<span class=\"_ _3\"></span>o instrumenty finans<span class=\"_ _3\"></span>owe zgodnie z tym stan<span class=\"_ _3\"></span>dardem. Umowa <span class=\"_ _5a\"> </span>g<span class=\"_ _2\"></span>warancji <span class=\"_ _5a\"> </span>finansowej <span class=\"_ _5a\"> </span>jest <span class=\"_ _54\"> </span>to <span class=\"_ _5a\"> </span>umowa <span class=\"_ _5a\"> </span>zobowi\u0105zuj\u0105ca <span class=\"_ _5a\"> </span>jej <span class=\"_ _54\"> </span>wystawc\u0119 <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>dokonania <span class=\"_ _5a\"> </span>okre\u015blonych <span class=\"_ _5a\"> </span>p\u0142atno\u015bci rekompensuj\u0105cych <span class=\"_ _0\"> </span>posiadaczowi <span class=\"_ _1\"> </span>gwarancji <span class=\"_ _1\"> </span>strat\u0119, <span class=\"_ _1\"> </span>jak\u0105 <span class=\"_ _1\"> </span>poniesie <span class=\"_ _0\"> </span>z <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>wodu <span class=\"_ _1\"> </span>niedokonania <span class=\"_ _0\"> </span>przez <span class=\"_ _1\"> </span>okre\u015blonego <span class=\"_ _1\"> </span>d\u0142u\u017cnika p\u0142atno\u015bci <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>przypadaj\u0105cym <span class=\"_ _57\"> </span>terminie, <span class=\"_ _59\"> </span>zgodnie <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>pierwotnymi <span class=\"_ _57\"> </span>lub <span class=\"_ _59\"> </span>zmienionymi <span class=\"_ _57\"> </span>warunkami <span class=\"_ _57\"> </span>instrumentu <span class=\"_ _59\"> </span>d\u0142u\u017cneg<span class=\"_ _3\"></span>o. Na moment <span class=\"_ _1\"> </span>pocz\u0105tkoweg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>uj\u0119cia <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>sprawozdaniu <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>sytuacji <span class=\"_ _1\"> </span>finansowej <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>gwarancji <span class=\"_ _1\"> </span>finansowej w wysoko\u015bci jej wart<span class=\"_ _3\"></span>o\u015bci godziwej, <span class=\"_ _3\"></span>w pozycji: \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">aktywa finansow<span class=\"_ _3\"></span>e wyceniane w za<span class=\"_ _3\"></span>mortyzowanym koszci<span class=\"_ _3\"></span>e (pozosta\u0142e aktywa finan<span class=\"_ _3\"></span>sowe), </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">pozosta\u0142e zobow<span class=\"_ _3\"></span>i\u0105zania (rozlicze<span class=\"_ _3\"></span>nia mi\u0119dzyokresowe pr<span class=\"_ _3\"></span>zychod\u00f3w). </span></span>Zobowi\u0105zanie <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>udziel<span class=\"_ _3\"></span>onej <span class=\"_ _53\"></span>gwarancji <span class=\"_ _2\"></span>finansowej <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>ko\u0144cz\u0105cy <span class=\"_ _2\"></span>okres <span class=\"_ _53\"></span>sprawozdawczy ujmuje <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>warto\u015bc<span class=\"_ _3\"></span>i wy\u017cszej <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>dw\u00f3<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>kwot: <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>pocz\u0105tkowej <span class=\"_ _2\"></span>wystawionej <span class=\"_ _2\"></span>gwarancji <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>mniejsz<span class=\"_ _3\"></span>onej <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>kwot\u0119 <span class=\"_ _2\"></span>dochod\u00f3w <span class=\"_ _2\"></span>uj\u0119t\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>wyniku finansowym <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>gwarancji  lu<span class=\"_ _3\"></span>b <span class=\"_ _58\"> </span>kwoty <span class=\"_ _74\"> </span>odpisu  na <span class=\"_ _74\"> </span>oczekiwane <span class=\"_ _74\"> </span>straty <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>\u2013<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>ustalonej <span class=\"_ _74\"> </span>zgo<span class=\"_ _2\"></span>dnie <span class=\"_ _74\"> </span>z  zasad<span class=\"_ _3\"></span>ami modelu og\u00f3lnego <span class=\"_ _3\"></span>opisanego w zasadach <span class=\"_ _3\"></span>rachunkowo\u015bci w <span class=\"_ _3\"></span>Nocie 7.5.2. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"ff7\"> </span>Dla <span class=\"_ _53\"></span>kalkulacji <span class=\"_ _53\"></span>oc<span class=\"_ _2\"></span>zekiwanej <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>traty <span class=\"_ _53\"></span>kredytowej <span class=\"_ _53\"></span>\u2013 <span class=\"_ _53\"></span>ECL <span class=\"_ _0\"></span>- <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>przyjmuje <span class=\"_ _53\"></span>s<span class=\"_ _2\"></span>zacunki <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>ratingu, <span class=\"_ _53\"></span>parametr\u00f3w <span class=\"_ _53\"></span>PD <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>LGD. Obliczenie oczekiwanej straty <span class=\"_ _2\"></span>kredytowej nast\u0119puje w <span class=\"_ _2\"></span>horyzoncie pozosta\u0142ym <span class=\"_ _2\"></span>do ko\u0144ca <span class=\"_ _2\"></span>\u017cycia gwarancji, przy czym <span class=\"_ _2\"></span>jako rating podmiotu st<span class=\"_ _3\"></span>osowany na potrzeby <span class=\"_ _3\"></span>obliczenia param<span class=\"_ _3\"></span>etru PD przyjmuje si\u0119 ratin<span class=\"_ _3\"></span>g beneficjenta<span class=\"_ _3\"></span> gwarancji<span class=\"_ _192\"> </span>. Na <span class=\"_ _2\"></span>dzie\u0144 31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>warto\u015b\u0107 zobowi\u0105za\u0144 G<span class=\"_ _2\"></span>rupy z <span class=\"_ _2\"></span>tytu\u0142u udzielonych <span class=\"_ _2\"></span>gwarancji i akredytyw <span class=\"_ _2\"></span>wynosi\u0142o \u0142\u0105cznie <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>156 mln PLN <span class=\"_ _2\"></span>(na <span class=\"_ _2\"></span>dzie\u0144 31 <span class=\"_ _2\"></span>grudnia 2021 r. <span class=\"_ _2\"></span>849 mln PLN) nato<span class=\"_ _2\"></span>miast z t<span class=\"_ _2\"></span>ytu\u0142u zobowi\u0105za\u0144 wekslowych <span class=\"_ _2\"></span>wynosi\u0142o 170 mln <span class=\"_ _2\"></span>PLN (na dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2021 r. 17<span class=\"_ _3\"></span>3 mln PLN).<span class=\"_ _192\"> </span>Najistotniejsze p<span class=\"_ _3\"></span>ozycje stanowi\u0105 zobowi\u0105<span class=\"_ _3\"></span>zania Jednostki D<span class=\"_ _3\"></span>ominuj\u0105cej maj\u0105ce na c<span class=\"_ _3\"></span>elu zabezpieczenie zob<span class=\"_ _3\"></span>owi\u0105za\u0144: \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff1 fc2\">Sierra <span class=\"_ _5a\"> </span>Gorda <span class=\"_ _54\"> </span>S.C.M.</span><span class=\"ff2\"> <span class=\"_ _5a\"> </span>\u2013<span class=\"_ _2\"></span> <span class=\"_ _54\"> </span>gwara<span class=\"_ _3\"></span>ncja <span class=\"_ _54\"> </span>korporacyjna <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>kwocie <span class=\"_ _5a\"> </span>969 <span class=\"_ _54\"> </span>mln <span class=\"_ _5a\"> </span>PLN <span class=\"_ _54\"> </span>(220 <span class=\"_ _54\"> </span>mln <span class=\"_ _5a\"> </span>USD) <span class=\"_ _54\"> </span>ustanowiona <span class=\"_ _54\"> </span>jak<span class=\"_ _3\"></span>o </span></span>zabezpieczenie sp\u0142at<span class=\"_ _3\"></span>y zaci\u0105gni\u0119tego przez <span class=\"_ _3\"></span>Sierra Gorda S.C.M. kredytu (na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia 2021 r. w k<span class=\"_ _3\"></span>wocie 670 mln PLN tj. 165 mln USD). Okres wa\u017c<span class=\"_ _3\"></span>no\u015bci gwarancji u<span class=\"_ _3\"></span>p\u0142ynie we wrze\u015bniu 20<span class=\"_ _3\"></span>24 r. Wycena bilansowa zobowi\u0105za<span class=\"_ _3\"></span>nia z tytu\u0142u udzielonej <span class=\"_ _5d\"> </span>gwarancji <span class=\"_ _5d\"> </span>finansowej <span class=\"_ _5d\"> </span>uj\u0119ta <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>ksi\u0119gach <span class=\"_ _5d\"> </span>wynosi <span class=\"_ _5d\"> </span>57 <span class=\"_ _5d\"> </span>mln <span class=\"_ _5d\"> </span>PLN <span class=\"_ _5d\"> </span>(na <span class=\"_ _5d\"> </span>dzie<span class=\"_ _2\"></span>\u0144 <span class=\"_ _5d\"> </span>31 <span class=\"_ _5d\"> </span>grudnia <span class=\"_ _5d\"> </span>2021r. 58 mln PLN) *,<span class=\"_ _192\"> </span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff1\">pozosta\u0142ych p<span class=\"_ _3\"></span>odmiot\u00f3w, w tym <span class=\"_ _3\"></span>Jednostki Dominuj<span class=\"_ _3\"></span>\u0105cej: </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">126 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>zabezpieczenie <span class=\"_ _53\"></span>nale\u017cytego <span class=\"_ _0\"></span>wykonania <span class=\"_ _53\"></span>przez <span class=\"_ _0\"></span>Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _0\"></span>przysz\u0142ych <span class=\"_ _53\"></span>zobowi\u0105za\u0144 </span></span>\u015brodowiskowych <span class=\"_ _59\"> </span>zwi\u0105zan<span class=\"_ _3\"></span>ych <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>bowi\u0105zkiem <span class=\"_ _59\"> </span>rekultywacji <span class=\"_ _59\"> </span>terenu <span class=\"_ _59\"> </span>po <span class=\"_ _59\"> </span>zako\u0144czeniu <span class=\"_ _59\"> </span>eksploata<span class=\"_ _3\"></span>cji <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>biekt<span class=\"_ _3\"></span>u \u201e\u017belazny Most\u201d (na<span class=\"_ _3\"></span> dzie\u0144 31 grudnia 2<span class=\"_ _3\"></span>021 r. w kwocie 124<span class=\"_ _3\"></span> mln PLN), okres wa\u017cn<span class=\"_ _3\"></span>o\u015bci gwarancji do 1 <span class=\"_ _3\"></span>roku, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">14  mln <span class=\"_ _146\"> </span>PLN<span class=\"_ _2\"></span>  - <span class=\"_ _57\"> </span>zabezpieczeni<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>roszcze\u0144  pokrycia <span class=\"_ _146\"> </span>koszt\u00f3w <span class=\"_ _57\"> </span>zwi\u0105zan<span class=\"_ _3\"></span>ych <span class=\"_ _57\"> </span>ze <span class=\"_ _146\"> </span>zbieraniem  i <span class=\"_ _57\"> </span>przetwarz<span class=\"_ _3\"></span>aniem </span></span>odpad\u00f3w <span class=\"_ _74\"> </span>ust<span class=\"_ _2\"></span>anowion<span class=\"_ _3\"></span>e  na <span class=\"_ _74\"> </span>rzecz  Marsza\u0142ka <span class=\"_ _74\"> </span>Wojew\u00f3dztwa  D<span class=\"_ _3\"></span>olno\u015bl\u0105skiego, <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _74\"> </span>wa\u017cno\u015bci  gw<span class=\"_ _3\"></span>arancji  do<span class=\"_ _3\"></span> 1 roku, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">37 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _1\"> </span>(30 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>2 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"> </span>CAD) <span class=\"_ _1\"> </span>zabezpieczenie <span class=\"_ _0\"></span>zobowi\u0105za\u0144 <span class=\"_ _0\"></span>zwi\u0105zanych <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>nale\u017cytym <span class=\"_ _1\"> </span>wy<span class=\"_ _3\"></span>konaniem </span></span>zawartych <span class=\"_ _53\"></span>przez <span class=\"_ _0\"></span>Grup\u0119 <span class=\"_ _0\"></span>um\u00f3w <span class=\"_ _0\"></span>(na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _0\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>kwo<span class=\"_ _2\"></span>cie <span class=\"_ _53\"></span>39 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>tj. <span class=\"_ _0\"></span>32 <span class=\"_ _53\"></span>mln<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>2 <span class=\"_ _53\"></span>mln CAD), okres wa\u017cno<span class=\"_ _3\"></span>\u015bci gwarancji do 3 lat,<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">2 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN <span class=\"_ _74\"> </span>zabezpieczenie <span class=\"_ _74\"> </span>zobowi\u0105za\u0144 <span class=\"_ _1\"> </span>zwi\u0105zanych <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>nale\u017cno\u015bciami <span class=\"_ _1\"> </span>celno-podatkowymi, <span class=\"_ _1\"> </span>okres <span class=\"_ _1\"> </span>wa\u017cno\u015bci </span></span>gwarancji: beztermin<span class=\"_ _3\"></span>owo. W oparciu o posiadan\u0105 <span class=\"_ _3\"></span>wiedz\u0119, na<span class=\"_ _3\"></span> koniec okresu sprawozdawcz<span class=\"_ _3\"></span>ego Grupa <span class=\"_ _3\"></span>okre\u015bli\u0142a prawdopodobie\u0144s<span class=\"_ _3\"></span>two zap\u0142aty kwot wynikaj\u0105cych ze z<span class=\"_ _3\"></span>obowi\u0105za\u0144 z tytu\u0142u udzi<span class=\"_ _3\"></span>elonych gwarancji i <span class=\"_ _3\"></span>akredytyw jako niski<span class=\"_ _3\"></span>e. *<span class=\"_ _192\"> </span>Gwarancja fin<span class=\"_ _2\"></span>ansowa<span class=\"_ _2\"></span> zosta\u0142a uj\u0119ta w ksi\u0119gach ra<span class=\"_ _2\"></span>chunkowy<span class=\"_ _2\"></span>ch zgodn<span class=\"_ _2\"></span>ie z par. 4.2.1 pkt c MSSF 9.<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 9 \u2013 Aktyw<span class=\"_ _3\"></span>a trwa\u0142e i zwi\u0105zane z nimi zo<span class=\"_ _3\"></span>bowi\u0105zania Nota 9.1 Rz<span class=\"_ _3\"></span>eczowe i niematerial<span class=\"_ _3\"></span>ne aktywa g<span class=\"_ _3\"></span>\u00f3rnicze i hutnicz<span class=\"_ _3\"></span>e  Zasady rachun<span class=\"_ _3\"></span>kowo\u015bci - aktyw<span class=\"_ _3\"></span>a rzeczowe  Najistotniejsze <span class=\"_ _57\"> </span>rzeczowe <span class=\"_ _57\"> </span>akt<span class=\"_ _2\"></span>ywa <span class=\"_ _57\"> </span>trwa\u0142e <span class=\"_ _59\"> </span>Grupy <span class=\"_ _57\"> </span>Kapita\u0142owej <span class=\"_ _59\"> </span>stanowi\u0105 <span class=\"_ _57\"> </span>nieruchomo\u015bci<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>zwi\u0105zane <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>dzia\u0142alno\u015bci\u0105 <span class=\"_ _57\"> </span>g\u00f3rnicz\u0105 i hutnicz\u0105, <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>bejmuj\u0105ce <span class=\"_ _53\"></span>grunty <span class=\"_ _0\"></span>w\u0142asne, <span class=\"_ _0\"></span>budynki, <span class=\"_ _53\"></span>obiekty <span class=\"_ _0\"></span>in\u017cynierii <span class=\"_ _53\"></span>wo<span class=\"_ _2\"></span>dnej <span class=\"_ _53\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>l\u0105dowej, <span class=\"_ _0\"></span>takie <span class=\"_ _53\"></span>jak: <span class=\"_ _0\"></span>kapitalne <span class=\"_ _0\"></span>wyrobiska <span class=\"_ _53\"></span>g\u00f3rnicze (w tym, w <span class=\"_ _2\"></span>kopalniach g\u0142\u0119binowyc<span class=\"_ _3\"></span>h: <span class=\"_ _2\"></span>szyby, studnie, sztolnie, <span class=\"_ _2\"></span>chodnik<span class=\"_ _3\"></span>i, <span class=\"_ _2\"></span>komory g\u0142\u00f3wne), ruroci\u0105gi <span class=\"_ _2\"></span>podsadzk<span class=\"_ _3\"></span>owe, odwadniaj\u0105ce i przeciwpo\u017car<span class=\"_ _3\"></span>owe, <span class=\"_ _62\"> </span>otw<span class=\"_ _3\"></span>ory <span class=\"_ _62\"> </span>pi<span class=\"_ _3\"></span>ezometryczne, <span class=\"_ _64\"> </span>linie <span class=\"_ _62\"> </span>kablow<span class=\"_ _3\"></span>e <span class=\"_ _64\"> </span>e<span class=\"_ _2\"></span>lektroenerg<span class=\"_ _3\"></span>etyczne, <span class=\"_ _64\"> </span>sygnalizacyjne <span class=\"_ _64\"> </span>i <span class=\"_ _62\"> </span>\u015bwiat\u0142ow<span class=\"_ _3\"></span>odowe. Do rzeczowych <span class=\"_ _146\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>trwa\u0142y<span class=\"_ _3\"></span>ch <span class=\"_ _57\"> </span>g\u00f3rniczych <span class=\"_ _57\"> </span>i hutniczych <span class=\"_ _146\"> </span>zalicza <span class=\"_ _146\"> </span>si\u0119 <span class=\"_ _59\"> </span>r\u00f3<span class=\"_ _3\"></span>wnie\u017c <span class=\"_ _57\"> </span>koszty <span class=\"_ _57\"> </span>usuwani<span class=\"_ _3\"></span>a <span class=\"_ _57\"> </span>nadk\u0142adu <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>kopalniach odkrywkowych  o<span class=\"_ _2\"></span>raz  maszyny, <span class=\"_ _57\"> </span>urz\u0105dzenia <span class=\"_ _146\"> </span>techniczne, <span class=\"_ _146\"> </span>\u015brodki <span class=\"_ _57\"> </span>transportu <span class=\"_ _146\"> </span>i <span class=\"_ _57\"> </span>inne <span class=\"_ _57\"> </span>ruchome <span class=\"_ _146\"> </span>\u015brodki <span class=\"_ _146\"> </span>t<span class=\"_ _2\"></span>rwa\u0142e <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>raz  prawa <span class=\"_ _57\"> </span>do u\u017cytkowania a<span class=\"_ _3\"></span>ktyw\u00f3w ujmowan<span class=\"_ _3\"></span>e zgodnie z <span class=\"_ _3\"></span>MSSF 16 Leasing, w<span class=\"_ _3\"></span> tym prawo wieczy<span class=\"_ _3\"></span>stego u\u017cytkowan<span class=\"_ _3\"></span>ia grunt\u00f3w. Rzeczowe <span class=\"_ _53\"></span>aktywa <span class=\"_ _53\"></span>trwa\u0142e <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>wy\u0142\u0105czeniem <span class=\"_ _53\"></span>prawa <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>u\u017cytkowania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>aktyw\u00f3w, <span class=\"_ _53\"></span>wycenia <span class=\"_ _53\"></span>si<span class=\"_ _2\"></span>\u0119 <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>cenie <span class=\"_ _53\"></span>nabycia/koszcie <span class=\"_ _53\"></span>wytworzenia<span class=\"_ _3\"></span> pomniejszonych <span class=\"_ _3\"></span>o skumulowan\u0105<span class=\"_ _3\"></span> amortyzacj\u0119 (umorz<span class=\"_ _3\"></span>enie) oraz sk<span class=\"_ _3\"></span>umulowane odp<span class=\"_ _3\"></span>isy z tytu\u0142u utrat<span class=\"_ _3\"></span>y warto\u015bci . W <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>cz\u0105tkow<span class=\"_ _3\"></span>ej <span class=\"_ _74\"> </span>\u015brodk\u00f3w <span class=\"_ _1\"> </span>trwa\u0142ych <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _1\"> </span>zdyskontowane <span class=\"_ _1\"> </span>koszty <span class=\"_ _1\"> </span>likwidacji <span class=\"_ _1\"> </span>\u015brodk\u00f3w <span class=\"_ _1\"> </span>trwa\u0142ych, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _1\"> </span>b\u0119d\u0105 ponoszone <span class=\"_ _5e\"> </span>po <span class=\"_ _5e\"> </span>zako\u0144czeniu dz<span class=\"_ _3\"></span>ia\u0142alno\u015bci <span class=\"_ _55\"> </span>g\u00f3rniczej <span class=\"_ _5e\"> </span>podziemnej <span class=\"_ _55\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span>dkrywkowej <span class=\"_ _5e\"> </span>oraz innych <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span>biekt\u00f3w, <span class=\"_ _55\"> </span>kt\u00f3re <span class=\"_ _67\"> </span>z<span class=\"_ _3\"></span>godnie z obowi\u0105zuj\u0105cym <span class=\"_ _0\"></span>prawem <span class=\"_ _0\"></span>podl<span class=\"_ _3\"></span>egaj\u0105 <span class=\"_ _0\"></span>likwidacji <span class=\"_ _0\"> </span>po zako\u0144czeniu <span class=\"_ _0\"></span>dzia\u0142alno\u015bci. <span class=\"_ _0\"></span>Zasady <span class=\"_ _0\"></span>ujmowan<span class=\"_ _3\"></span>ia <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>wyceny <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _0\"></span>likwidacji<span class=\"_ _3\"></span> przedstawione s\u0105 <span class=\"_ _3\"></span>w Nocie 9.4.  W <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>bilansowej <span class=\"_ _2\"></span>\u015brodka <span class=\"_ _53\"></span>trwa<span class=\"_ _3\"></span>\u0142ego <span class=\"_ _53\"></span>ujmuje <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _53\"></span>koszty <span class=\"_ _2\"></span>istotnych <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>k\u0142adowych,<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>regularny<span class=\"_ _3\"></span>ch, <span class=\"_ _2\"></span>znacz\u0105cych <span class=\"_ _53\"></span>przegl\u0105d<span class=\"_ _3\"></span>\u00f3w, oraz koszty istotn<span class=\"_ _3\"></span>ych remont\u00f3w <span class=\"_ _3\"></span>cyklicznych, kt\u00f3r<span class=\"_ _3\"></span>ych przeprowadz<span class=\"_ _3\"></span>enie warunkuje dal<span class=\"_ _3\"></span>sz\u0105 mo\u017cliwo<span class=\"_ _3\"></span>\u015b\u0107 u\u017cytkowania aktywa<span class=\"_ _3\"></span>. Cen\u0119 <span class=\"_ _54\"> </span>nabycia/koszt <span class=\"_ _54\"> </span>wytworz<span class=\"_ _3\"></span>enia <span class=\"_ _54\"> </span>powi\u0119kszaj\u0105 <span class=\"_ _54\"> </span>ko<span class=\"_ _3\"></span>szty <span class=\"_ _54\"> </span>finansowania <span class=\"_ _5a\"> </span>zew<span class=\"_ _2\"></span>n\u0119trznego <span class=\"_ _5a\"> </span>(<span class=\"_ _2\"></span>tj. <span class=\"_ _54\"> </span>odsetki <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _54\"> </span>r\u00f3\u017cnice <span class=\"_ _54\"> </span>kursowe<span class=\"_ _3\"></span> stanowi\u0105ce  k<span class=\"_ _3\"></span>orekt\u0119  kosztu <span class=\"_ _74\"> </span>odsetek)  zaci\u0105gni\u0119<span class=\"_ _3\"></span>tego  na  naby<span class=\"_ _3\"></span>cie  lub wytworz<span class=\"_ _3\"></span>enie  dostos<span class=\"_ _3\"></span>owywanego  sk\u0142adni<span class=\"_ _3\"></span>ka  rzeczowy<span class=\"_ _3\"></span>ch aktyw\u00f3w trwa\u0142<span class=\"_ _3\"></span>ych. Sk\u0142adniki aktyw\u00f3w z tytu<span class=\"_ _3\"></span>\u0142u prawa do u\u017cytkowania<span class=\"_ _3\"></span> wycenia si\u0119 pocz\u0105tkow<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>wed<span class=\"_ _3\"></span>\u0142ug kosztu, kt\u00f3ry obejmuj<span class=\"_ _3\"></span>e kwot\u0119 pocz\u0105tkowej wyceny <span class=\"_ _53\"></span>zobowi\u0105zania <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu<span class=\"_ _3\"></span>\u0142u <span class=\"_ _53\"></span>leasingu, <span class=\"_ _53\"></span>wszelkie <span class=\"_ _53\"></span>op\u0142aty <span class=\"_ _53\"></span>leasingo<span class=\"_ _3\"></span>we <span class=\"_ _53\"></span>zap\u0142acone <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>dacie <span class=\"_ _53\"></span>rozpocz\u0119<span class=\"_ _3\"></span>cia <span class=\"_ _53\"></span>leasingu <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>przed <span class=\"_ _53\"></span>t\u0105 <span class=\"_ _53\"></span>dat\u0105, pomniejszone <span class=\"_ _57\"> </span>o <span class=\"_ _59\"> </span>wsz<span class=\"_ _3\"></span>elkie <span class=\"_ _57\"> </span>ot<span class=\"_ _2\"></span>rzymane <span class=\"_ _146\"> </span>zach\u0119ty <span class=\"_ _59\"> </span>leasingowe,<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>wsz<span class=\"_ _3\"></span>elkie <span class=\"_ _59\"> </span>p<span class=\"_ _3\"></span>ocz\u0105tkowe <span class=\"_ _57\"> </span>koszty <span class=\"_ _59\"> </span>bezp<span class=\"_ _3\"></span>o\u015brednie <span class=\"_ _57\"> </span>poniesione <span class=\"_ _59\"> </span>prz<span class=\"_ _3\"></span>ez leasingobiorc\u0119 <span class=\"_ _146\"> </span>oraz <span class=\"_ _57\"> </span>szacunek <span class=\"_ _57\"> </span>koszt\u00f3w, <span class=\"_ _57\"> </span>kt\u00f3re <span class=\"_ _57\"> </span>maj\u0105 <span class=\"_ _57\"> </span>zosta\u0107 <span class=\"_ _57\"> </span>poniesion<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>leasingobiorc\u0119 <span class=\"_ _146\"> </span>w <span class=\"_ _57\"> </span>zwi\u0105zku <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>demonta\u017cem i usuni\u0119ciem baz<span class=\"_ _3\"></span>owego sk\u0142adnika<span class=\"_ _3\"></span> aktyw\u00f3w lub przepr<span class=\"_ _3\"></span>owadzenie<span class=\"_ _3\"></span>m renowacji mi<span class=\"_ _3\"></span>ejsca, w kt\u00f3rym si<span class=\"_ _3\"></span>\u0119 znajdowa\u0142. Prawo <span class=\"_ _53\"></span>wieczystego <span class=\"_ _53\"></span>u\u017cytkowania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>g<span class=\"_ _2\"></span>runt\u00f3w <span class=\"_ _53\"></span>wycenian<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>jest <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _0\"></span>zob<span class=\"_ _3\"></span>owi\u0105zania <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>prawa <span class=\"_ _53\"></span>wieczysteg<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>u\u017cytkowan<span class=\"_ _3\"></span>ia grunt\u00f3w <span class=\"_ _74\"> </span>wycenionego <span class=\"_ _1\"> </span>metod\u0105 <span class=\"_ _1\"> </span>r<span class=\"_ _2\"></span>enty <span class=\"_ _74\"> </span>wieczystej <span class=\"_ _1\"> </span>oraz  w<span class=\"_ _3\"></span>szelkich <span class=\"_ _74\"> </span>op\u0142at  l<span class=\"_ _3\"></span>easingowych <span class=\"_ _74\"> </span>zap\u0142acon<span class=\"_ _3\"></span>ych <span class=\"_ _74\"> </span>w  d<span class=\"_ _3\"></span>acie <span class=\"_ _74\"> </span>roz<span class=\"_ _2\"></span>pocz<span class=\"_ _3\"></span>\u0119cia  l<span class=\"_ _3\"></span>ub przed t\u0105 dat\u0105 (w <span class=\"_ _3\"></span>tym p\u0142atno\u015bci za<span class=\"_ _3\"></span> nabycie tego praw<span class=\"_ _3\"></span>a na rynku). Po <span class=\"_ _0\"></span>pocz\u0105tkowym <span class=\"_ _0\"></span>uj\u0119ciu <span class=\"_ _0\"></span>sk\u0142adnik <span class=\"_ _53\"></span>akt<span class=\"_ _2\"></span>yw\u00f3w <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>tytu\u0142u <span class=\"_ _0\"></span>prawa <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>u\u017cytkowan<span class=\"_ _3\"></span>ia, <span class=\"_ _0\"> </span>z <span class=\"_ _0\"> </span>w<span class=\"_ _2\"></span>y\u0142\u0105czeniem <span class=\"_ _0\"></span>pra<span class=\"_ _3\"></span>wa <span class=\"_ _0\"></span>wieczystego <span class=\"_ _0\"></span>u\u017cytkowania<span class=\"_ _3\"></span> grunt\u00f3w <span class=\"_ _59\"> </span>wycenione<span class=\"_ _3\"></span>go <span class=\"_ _59\"> </span>metod\u0105 <span class=\"_ _59\"> </span>renty <span class=\"_ _59\"> </span>wieczystej, <span class=\"_ _59\"> </span>wycenia <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>wed\u0142ug <span class=\"_ _59\"> </span>kosztu <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>mniejsz<span class=\"_ _3\"></span>onego <span class=\"_ _59\"> </span>o <span class=\"_ _59\"> </span>skumulowane <span class=\"_ _59\"> </span>odpis<span class=\"_ _3\"></span>y amortyzacyjne <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>skumul<span class=\"_ _3\"></span>owane <span class=\"_ _53\"></span>odpisy <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>tytu<span class=\"_ _3\"></span>\u0142u <span class=\"_ _0\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci, <span class=\"_ _53\"></span>skorygowanego <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>aktualizacji <span class=\"_ _53\"></span>wyceny <span class=\"_ _0\"></span>zob<span class=\"_ _3\"></span>owi\u0105zania z tytu\u0142u leasingu.<span class=\"_ _3\"></span> Odpis\u00f3w amortyzacyjnyc<span class=\"_ _3\"></span>h<span class=\"ff2\"> od <span class=\"_ _2\"></span>\u015brodk\u00f3w trwa\u0142ych (z wy\u0142\u0105czeniem<span class=\"_ _3\"></span> grunt\u00f3w <span class=\"_ _2\"></span>i prawa wieczystego u\u017cytkowania grunt\u00f3w) Grupa<span class=\"_ _3\"></span> </span>dokonuje, <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>zale\u017cno\u015bci <span class=\"_ _59\"> </span>od wzorca <span class=\"_ _59\"> </span>konsumowania<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>korzy\u015bci <span class=\"_ _59\"> </span>ekonomicz<span class=\"_ _3\"></span>nych <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>danego <span class=\"_ _5a\"> </span>sk<span class=\"_ _3\"></span>\u0142adnika <span class=\"_ _59\"> </span>rzeczowych <span class=\"_ _59\"> </span>aktyw\u00f3w trwa\u0142ych: \u2022<span class=\"ff8\"> </span>metod\u0105 amortyzacji liniowej, <span class=\"ff2\">dla sk\u0142adnik\u00f3w, kt\u00f3re <span class=\"_ _2\"></span>s\u0105 wykorzystywane w procesie <span class=\"_ _2\"></span>produkcji w r\u00f3wnomi<span class=\"_ _3\"></span>ernym stopniu </span>w ca\u0142ym okresi<span class=\"_ _3\"></span>e ich u\u017cytkowania,<span class=\"_ _3\"></span> oraz<span class=\"ff1\"> </span>\u2022<span class=\"ff8\"> </span>metod\u0105 amo<span class=\"_ _2\"></span>rty<span class=\"_ _3\"></span>zacji <span class=\"_ _2\"></span>naturalnej<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>(metod\u0105 <span class=\"_ _2\"></span>jednostek produkcji)<span class=\"ff2\">, dl<span class=\"_ _2\"></span>a s<span class=\"_ _2\"></span>k\u0142adnik\u00f3w w <span class=\"_ _2\"></span>odniesieniu do <span class=\"_ _2\"></span>kt\u00f3rych ko<span class=\"_ _2\"></span>nsum<span class=\"_ _3\"></span>pcja </span>korzy\u015bci <span class=\"_ _0\"> </span>ekonomicznych <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>bezpo\u015brednio <span class=\"_ _0\"></span>powi\u0105zana<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>ilo\u015bci\u0105 <span class=\"_ _0\"> </span>wydobytej <span class=\"_ _1\"> </span>kopaliny <span class=\"_ _0\"></span>ze z\u0142o\u017ca <span class=\"_ _0\"></span>lub z i<span class=\"_ _3\"></span>lo\u015bci\u0105 <span class=\"_ _1\"> </span>wytworz<span class=\"_ _3\"></span>onych jednostek produkcji <span class=\"_ _2\"></span>i wydobycie to <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>produkcja nie <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>r\u00f3wnomierne w <span class=\"_ _2\"></span>ca\u0142ym o<span class=\"_ _2\"></span>kresie ich <span class=\"_ _2\"></span>u\u017cytkowania. W <span class=\"_ _2\"></span>szczeg\u00f3lno\u015bci dotyczy <span class=\"_ _74\"> </span>to <span class=\"_ _74\"> </span>budynk\u00f3w <span class=\"_ _74\"> </span>i  b<span class=\"_ _3\"></span>udowli <span class=\"_ _1\"> </span>kopal\u0144, <span class=\"_ _74\"> </span>jak  r<span class=\"_ _3\"></span>\u00f3wnie\u017c <span class=\"_ _74\"> </span>maszyn <span class=\"_ _1\"> </span>i<span class=\"_ _2\"></span> urz\u0105dze\u0144 <span class=\"_ _1\"> </span>g\u00f3<span class=\"_ _2\"></span>rniczych <span class=\"_ _1\"> </span>z  w<span class=\"_ _3\"></span>yj\u0105tkiem<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>s<span class=\"_ _2\"></span>k\u0142adnik\u00f3w <span class=\"_ _1\"> </span>aktyw\u00f3w eksploatowanych  w<span class=\"_ _3\"></span>  hutach,  gdzie  okres  u\u017cytkowania<span class=\"_ _3\"></span>  wynika  z  okres\u00f3w  ekonomicz<span class=\"_ _3\"></span>nej  u\u017cyteczno\u015bci  poszcz<span class=\"_ _3\"></span>eg\u00f3lnych sk\u0142adnik\u00f3w ak<span class=\"_ _3\"></span>tyw\u00f3w. <span class=\"ff1\"> </span>Okresy <span class=\"_ _59\"> </span>eksploatacj<span class=\"_ _3\"></span>i <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>tym <span class=\"_ _59\"> </span>samym <span class=\"_ _57\"> </span>s<span class=\"_ _2\"></span>tawki <span class=\"_ _59\"> </span>am<span class=\"_ _3\"></span>ortyzacyjne <span class=\"_ _59\"> </span>\u015brod<span class=\"_ _3\"></span>k\u00f3w <span class=\"_ _59\"> </span>trwa\u0142ych <span class=\"_ _59\"> </span>funkcjo<span class=\"_ _3\"></span>nuj\u0105cych <span class=\"_ _57\"> </span>w<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>ci\u0105gu <span class=\"_ _59\"> </span>techn<span class=\"_ _3\"></span>ologicznym produkcji <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>iedzi, <span class=\"_ _0\"></span>dostosowa<span class=\"_ _3\"></span>ne <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>plan\u00f3w <span class=\"_ _53\"></span>zako\u0144czenia <span class=\"_ _53\"></span>dzia\u0142alno\u015bci, <span class=\"_ _53\"></span>a <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>przypa<span class=\"_ _3\"></span>dku <span class=\"_ _0\"></span>prawa <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>u\u017cytkowania <span class=\"_ _53\"></span>akty<span class=\"_ _2\"></span>w\u00f3w <span class=\"_ _53\"></span>do wcze\u015bniejszej z <span class=\"_ _2\"></span>dw\u00f3ch <span class=\"_ _2\"></span>dat \u2013 <span class=\"_ _53\"></span>daty<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>zako\u0144czenia o<span class=\"_ _2\"></span>kresu ekonomicznego u\u017cytkowania lub <span class=\"_ _2\"></span>daty <span class=\"_ _2\"></span>ko\u0144ca okresu <span class=\"_ _2\"></span>leasingu, chyba <span class=\"_ _2\"></span>\u017ce w\u0142asno\u015b\u0107  danego <span class=\"_ _146\"> </span>sk\u0142adnika  zostanie  przeniesiona  na  Grup\u0119 <span class=\"_ _146\"> </span>przed  ko\u0144cem<span class=\"_ _2\"></span>  okresu  leasingu,  wtedy  stawki <span class=\"_ _146\"> </span>amortyzacji dostosowane s\u0105 <span class=\"_ _3\"></span>do ko\u0144ca okres<span class=\"_ _3\"></span>u szacowaneg<span class=\"_ _3\"></span>o ekonomicznego u\u017c<span class=\"_ _3\"></span>ytkowania danego akt<span class=\"_ _3\"></span>ywa. Dla  po<span class=\"_ _3\"></span>szczeg\u00f3lnych <span class=\"_ _74\"> </span>grup  \u015br<span class=\"_ _3\"></span>odk\u00f3w  trwa<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _74\"> </span>przyj\u0119to  okr<span class=\"_ _3\"></span>esy  u\u017c<span class=\"_ _3\"></span>ytkowania <span class=\"_ _74\"> </span>oszacowane  na<span class=\"_ _3\"></span>  p<span class=\"_ _3\"></span>odstawie  o<span class=\"_ _3\"></span>czekiwanego <span class=\"_ _74\"> </span>\u017cycia kopal\u0144 i hut z uw<span class=\"_ _3\"></span>zgl\u0119dnieniem z<span class=\"_ _3\"></span>awarto\u015bci z\u0142o\u017ca, <span class=\"_ _3\"></span>w nast\u0119puj\u0105cych<span class=\"_ _3\"></span> przedzia\u0142ach:<span class=\"_ _192\"> </span>Dla \u015brodk\u00f3w trwa\u0142<span class=\"_ _3\"></span>ych w\u0142asnych:<span class=\"_ _3\"></span> Grupa<span class=\"_ _192\"> </span>Rodzaj \u015brodka tr<span class=\"_ _3\"></span>wa\u0142ego<span class=\"_ _192\"> </span>Ca\u0142kowity okres u\u017cy<span class=\"_ _3\"></span>tkowania<span class=\"_ _192\"> </span>Budynki,<span class=\"_ _192\"> </span>budowle i grunty Grunty <span class=\"_ _137\"> </span>Nie podlegaj\u0105 am<span class=\"_ _3\"></span>ortyzacji Budynki:<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>budynki w hutach i<span class=\"_ _3\"></span> kopalniach,<span class=\"_ _3\"></span> -<span class=\"_ _192\"> </span>wiaty, zbiorniki, ko<span class=\"_ _3\"></span>ntenerowe ro<span class=\"_ _3\"></span>zdzielnie 40-100 l<span class=\"_ _3\"></span>at 20-30 lat Kapitalne wyrobi<span class=\"_ _3\"></span>ska g\u00f3rnicze <span class=\"_ _c4\"> </span>22-<span class=\"_ _2\"></span>90 lat Ruroci\u0105gi:<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>podsadzkowe <span class=\"_ _3\"></span>do przesy\u0142u piasku<span class=\"_ _3\"></span> z wod\u0105, -<span class=\"_ _192\"> </span>technologiczne, od<span class=\"_ _3\"></span>wadniaj\u0105ce, <span class=\"_ _3\"></span>gazowe, przeciwpo\u017carow<span class=\"_ _3\"></span>e          <span class=\"_ _3\"></span>                   6-9 l<span class=\"_ _3\"></span>at 22-90 lat Linie kablowe <span class=\"_ _3\"></span>elektroenerg<span class=\"_ _3\"></span>etyczne, sygnalizacyjn<span class=\"_ _3\"></span>e i \u015bwiat\u0142owodow<span class=\"_ _3\"></span>e 10-70 lat<span class=\"_ _192\"> </span>Urz\u0105dzenia techniczne, <span class=\"_ _64\"> </span>maszyny,<span class=\"_ _3\"></span> \u015brodki transportu<span class=\"_ _3\"></span> i inne \u015brodki <span class=\"_ _3\"></span>trwa\u0142e Urz\u0105dzenia te<span class=\"_ _3\"></span>chniczne i mas<span class=\"_ _3\"></span>zyny:<span class=\"_ _192\"> </span>- samojezdne masz<span class=\"_ _3\"></span>yny g\u00f3rnicze,<span class=\"_ _3\"></span>   obudowy  <span class=\"_ _3\"></span>  kopalniane - przeno\u015bniki ta\u015bm<span class=\"_ _3\"></span>owe, wagi pr<span class=\"_ _3\"></span>zeno\u015bnikowe - rozdzielnice, r<span class=\"_ _3\"></span>ozdzielnie   4-10 lat 10-66 lat 4-50 lat \u015arodki transport<span class=\"_ _3\"></span>u:<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>lokomotywy <span class=\"_ _3\"></span>do\u0142owe elektryczne<span class=\"_ _3\"></span>, -<span class=\"_ _192\"> </span>wozy kopalnian<span class=\"_ _3\"></span>e, szynowe, cyste<span class=\"_ _3\"></span>rny, platformy d<span class=\"_ _3\"></span>o transportu -<span class=\"_ _192\"> </span>w\u00f3zki jezdn<span class=\"_ _3\"></span>e, wid\u0142owe, akum<span class=\"_ _3\"></span>ulatorowe -<span class=\"_ _192\"> </span>samochody os<span class=\"_ _3\"></span>obowe, ci\u0119\u017carow<span class=\"_ _3\"></span>e, specjalne -<span class=\"_ _192\"> </span>lokomotywy <span class=\"_ _3\"></span>do\u0142owe spalinow<span class=\"_ _3\"></span>e 20-50 lat 7-35 lat 7-22 lat 5-22 lat 10-20 lat Inne \u015brodki trw<span class=\"_ _3\"></span>a\u0142e, w tym narz\u0119d<span class=\"_ _3\"></span>zia i przyr<span class=\"_ _3\"></span>z\u0105dy<span class=\"_ _192\"> </span>5-25 lat         Koszty z<span class=\"_ _3\"></span>dejmowania    <span class=\"_ _3\"></span>     Ca\u0142kowity okres u\u017cytk<span class=\"_ _3\"></span>owania uzale\u017c<span class=\"_ _3\"></span>niony jest od oczeki<span class=\"_ _3\"></span>wanej          nadk<span class=\"_ _3\"></span>\u0142adu             <span class=\"_ _3\"></span>                d\u0142ugo\u015bci \u017cycia k<span class=\"_ _3\"></span>opalni, kt\u00f3rej dotyc<span class=\"_ _3\"></span>zy nadk\u0142ad:              <span class=\"_ _3\"></span>                            <span class=\"_ _3\"></span>              - Robinson    <span class=\"_ _3\"></span>                 <span class=\"_ _3\"></span>                              <span class=\"_ _3\"></span>                          <span class=\"_ _3\"></span>                     14 lat              <span class=\"_ _3\"></span>                            <span class=\"_ _3\"></span>              - Carlota   <span class=\"_ _3\"></span>                      <span class=\"_ _3\"></span>                              <span class=\"_ _3\"></span>                      <span class=\"_ _3\"></span>                           2 lata Poszczeg\u00f3lne is<span class=\"_ _3\"></span>totne cz\u0119\u015bci sk\u0142a<span class=\"_ _3\"></span>dowe \u015brodka trwa<span class=\"_ _3\"></span>\u0142ego (istotne komp<span class=\"_ _3\"></span>onenty), kt\u00f3ryc<span class=\"_ _3\"></span>h okres u\u017cytk<span class=\"_ _3\"></span>owania r\u00f3\u017cni si\u0119 od <span class=\"_ _3\"></span>okresu u\u017cytkowania <span class=\"_ _5d\"> </span>ca\u0142ego <span class=\"_ _5d\"> </span>\u015brodka <span class=\"_ _64\"> </span>trwa\u0142eg<span class=\"_ _3\"></span>o, <span class=\"_ _64\"> </span>amortyz<span class=\"_ _3\"></span>owane <span class=\"_ _5d\"> </span>s\u0105 <span class=\"_ _64\"> </span>odr\u0119bnie, <span class=\"_ _5d\"> </span>przy <span class=\"_ _5d\"> </span>zastosowaniu <span class=\"_ _5d\"> </span>stawek <span class=\"_ _64\"> </span>am<span class=\"_ _3\"></span>ortyzacyjnych odzwierciedlaj\u0105<span class=\"_ _3\"></span>cych  przewidywa<span class=\"_ _3\"></span>ny okres ich u\u017cytk<span class=\"_ _3\"></span>owania. Dla rzeczowych a<span class=\"_ _3\"></span>ktyw\u00f3w trwa\u0142yc<span class=\"_ _3\"></span>h z tytu\u0142u prawa do u\u017c<span class=\"_ _3\"></span>ytkowania <span class=\"_ _3\"></span>aktyw\u00f3w: Grupa <span class=\"_ _93\"> </span>Rodzaj pr<span class=\"_ _3\"></span>awa do u\u017cytkowa<span class=\"_ _3\"></span>nia <span class=\"_ _15b\"> </span>Ca\u0142kowity okres u\u017cy<span class=\"_ _3\"></span>tkowania<span class=\"_ _3\"></span> Budynki,<span class=\"_ _192\"> </span>budowle i grunty Prawo wieczyst<span class=\"_ _3\"></span>ego u\u017cytkowania <span class=\"_ _3\"></span>grunt\u00f3w    <span class=\"_ _3\"></span>         wyceniane me<span class=\"_ _3\"></span>tod\u0105 renty wiecz<span class=\"_ _3\"></span>ystej Nie podlega am<span class=\"_ _3\"></span>ortyzacji<span class=\"_ _192\"> </span>S\u0142u\u017cebno\u015b\u0107 pr<span class=\"_ _3\"></span>zesy\u0142u<span class=\"_ _192\"> </span>6-54 lat<span class=\"_ _192\"> </span>(okres amortyzac<span class=\"_ _3\"></span>ji jest zale\u017cny  od okresu amor<span class=\"_ _3\"></span>tyzacji sk\u0142adnika aktyw\u00f3w w <span class=\"_ _3\"></span>zwi\u0105zku z kt\u00f3rym s\u0142u\u017cebno\u015b\u0107 zost<span class=\"_ _3\"></span>a\u0142a ustanowiona) Nieruchomo\u015bci<span class=\"_ _3\"></span> gruntowe    <span class=\"_ _3\"></span>               <span class=\"_ _3\"></span>                        5-30 lat<span class=\"_ _192\"> </span>Budynki i bud<span class=\"_ _3\"></span>owle       <span class=\"_ _3\"></span>                            <span class=\"_ _3\"></span>                 3-5 lat<span class=\"_ _192\"> </span>Zespo\u0142y kompu<span class=\"_ _3\"></span>terowe    3 lata<span class=\"_ _192\"> </span>Urz\u0105dzenia techniczne, <span class=\"_ _64\"> </span>maszyny,<span class=\"_ _3\"></span> \u015brodki transportu<span class=\"_ _3\"></span> i inne \u015brodki <span class=\"_ _3\"></span>trwa\u0142e Maszyny i <span class=\"_ _3\"></span>urz\u0105dzenia techniczne<span class=\"_ _3\"></span>                   <span class=\"_ _3\"></span>            3-4 lat<span class=\"_ _192\"> </span>\u015arodki transport<span class=\"_ _3\"></span>u           <span class=\"_ _3\"></span>                          3 lata Wyposa\u017cenie <span class=\"_ _3\"></span>i pozosta\u0142e   <span class=\"_ _3\"></span>                        <span class=\"_ _3\"></span>                       5 lat<span class=\"_ _192\"> </span>Zasady rachun<span class=\"_ _3\"></span>kowo\u015bci - aktyw<span class=\"_ _3\"></span>a niematerialne<span class=\"_ _3\"></span> Aktywa  niematerialne  g\u00f3rnicze<span class=\"_ _3\"></span>  i <span class=\"_ _146\"> </span>hutnicze  obejmuj\u0105  przede  wszystkim:  aktywa  z <span class=\"_ _146\"> </span>tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w mineralnych oraz<span class=\"_ _3\"></span> prawa do wody <span class=\"_ _3\"></span>w Chile.  Aktywa z tytu\u0142u p<span class=\"_ _3\"></span>oszukiwania i oceny <span class=\"_ _3\"></span>zasob\u00f3w mi<span class=\"_ _3\"></span>neralnych W ramach <span class=\"_ _3\"></span>aktyw\u00f3w z tytu\u0142u posz<span class=\"_ _3\"></span>ukiwania i oceny z<span class=\"_ _3\"></span>asob\u00f3w miner<span class=\"_ _3\"></span>alnych kwalifikowan<span class=\"_ _3\"></span>e s\u0105 nak\u0142ady <span class=\"_ _3\"></span>na: \u2022<span class=\"ff8\"> </span>projekty ro<span class=\"_ _3\"></span>b\u00f3t geologicznych,<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> </span>uzyskanie d<span class=\"_ _3\"></span>ecyzji \u015brodowisk<span class=\"_ _3\"></span>owych, \u2022<span class=\"ff8\"> </span>uzyskanie k<span class=\"_ _3\"></span>oncesji i u\u017cytk<span class=\"_ _3\"></span>owania g\u00f3rniczego n<span class=\"_ _3\"></span>a poszukiwania <span class=\"_ _3\"></span>geologiczne, \u2022<span class=\"ff8\"> </span>realizacj\u0119 <span class=\"_ _2\"></span>rob\u00f3t <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>prac <span class=\"_ _53\"></span>wiertniczych <span class=\"_ _2\"></span>(wiercenia, <span class=\"_ _2\"></span>badania <span class=\"_ _53\"></span>geofizyczne, <span class=\"_ _2\"></span>hydrogeologiczne, <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>bs\u0142uga <span class=\"_ _2\"></span>geologiczna, <span class=\"_ _2\"></span>analityka<span class=\"_ _3\"></span>, geotechnika, i<span class=\"_ _3\"></span>td.), \u2022<span class=\"ff8\"> </span>zakup <span class=\"_ _3\"></span>informacji geologicznych,<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> </span>wykonanie d<span class=\"_ _3\"></span>okumentacji g<span class=\"_ _3\"></span>eologicznej i jej zatwi<span class=\"_ _3\"></span>erdzenie, \u2022<span class=\"ff8\"> </span>wykonanie <span class=\"_ _0\"></span>oceny <span class=\"_ _53\"></span>e<span class=\"_ _2\"></span>konomiczn<span class=\"_ _3\"></span>o-technicznej <span class=\"_ _0\"></span>zasob\u00f3w <span class=\"_ _0\"></span>dla <span class=\"_ _0\"></span>potrzeb <span class=\"_ _0\"></span>decyz<span class=\"_ _3\"></span>ji <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>wnioskowani<span class=\"_ _3\"></span>e <span class=\"_ _0\"> </span>o <span class=\"_ _1\"> </span>koncesje <span class=\"_ _0\"></span>na <span class=\"_ _3\"></span>eksploatacj<span class=\"_ _3\"></span>\u0119 g\u00f3rnicz\u0105,<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> </span>koszty zu\u017c<span class=\"_ _3\"></span>ycia urz\u0105dze\u0144 i <span class=\"_ _3\"></span>sprz\u0119tu (rzeczowe ak<span class=\"_ _3\"></span>tywa trwa\u0142e) s\u0142u\u017c\u0105<span class=\"_ _3\"></span>cego do prowadz<span class=\"_ _3\"></span>enia prac poszu<span class=\"_ _3\"></span>kiwawczych. Nak\u0142ady <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>aktywa <span class=\"_ _0\"> </span>z<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>tytu\u0142u <span class=\"_ _1\"> </span>poszukiwani<span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>oceny <span class=\"_ _1\"> </span>zasob\u00f3w <span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>eralnych <span class=\"_ _0\"></span>wycenia <span class=\"_ _0\"> </span>si<span class=\"_ _2\"></span>\u0119 <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>w<span class=\"_ _2\"></span>ysoko\u015bci <span class=\"_ _0\"></span>kosztu <span class=\"_ _0\"></span>pomniejszoneg<span class=\"_ _3\"></span>o o skumulowane <span class=\"_ _3\"></span>odpisy z tytu\u0142u u<span class=\"_ _3\"></span>traty warto\u015bci i ujm<span class=\"_ _3\"></span>uje si\u0119 je jako<span class=\"_ _3\"></span> warto\u015bci niemat<span class=\"_ _3\"></span>erialne nieoddan<span class=\"_ _3\"></span>e do u\u017cytkowania. Testy na utrat\u0119 war<span class=\"_ _3\"></span>to\u015bci na poje<span class=\"_ _3\"></span>dynczej jednostce (pr<span class=\"_ _3\"></span>ojekcie) Grup<span class=\"_ _3\"></span>a przeprowadza ob<span class=\"_ _3\"></span>owi\u0105zkow<span class=\"_ _3\"></span>o z chwil\u0105: \u2022<span class=\"ff8\"> </span>wykazania techn<span class=\"_ _3\"></span>icznej wyko<span class=\"_ _3\"></span>nalno\u015bci i k<span class=\"_ _3\"></span>omercyjnej zasadno\u015bci <span class=\"_ _3\"></span>wydobywania <span class=\"_ _3\"></span>zasob\u00f3w mineraln<span class=\"_ _3\"></span>ych, oraz \u2022<span class=\"ff8\"> </span>gdy <span class=\"_ _53\"></span>fakty <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>okoliczno\u015bci <span class=\"_ _53\"></span>wskazuj<span class=\"_ _3\"></span>\u0105, <span class=\"_ _53\"></span>\u017ce <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>bilansowa <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _53\"></span>poszukiwania <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>oceny <span class=\"_ _2\"></span>zasob\u00f3w <span class=\"_ _53\"></span>mineralnyc<span class=\"_ _3\"></span>h mo\u017ce przew<span class=\"_ _3\"></span>y\u017csza\u0107 ich wart<span class=\"_ _3\"></span>o\u015b\u0107 odzyskiwaln\u0105.<span class=\"_ _3\"></span> Ewentualne <span class=\"_ _0\"></span>odpisy <span class=\"_ _1\"> </span>ujmuj<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>prz<span class=\"_ _3\"></span>ed <span class=\"_ _1\"> </span>dokonaniem <span class=\"_ _0\"></span>przeklasyfikow<span class=\"_ _3\"></span>ania <span class=\"_ _0\"> </span>w<span class=\"_ _2\"></span>ynikaj\u0105ceg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>wykaz<span class=\"_ _3\"></span>ania <span class=\"_ _0\"></span>t<span class=\"_ _2\"></span>echniczn<span class=\"_ _3\"></span>ej <span class=\"_ _1\"> </span>wykonalno\u015b<span class=\"_ _3\"></span>ci i ekonomicznej <span class=\"_ _3\"></span>zasadno\u015bci wydo<span class=\"_ _3\"></span>bywania zasob\u00f3w mi<span class=\"_ _3\"></span>neralnych.   Wa\u017cne oszacow<span class=\"_ _3\"></span>ania,  za\u0142o\u017ceni<span class=\"_ _3\"></span>a i os\u0105dy Wa\u017cne <span class=\"_ _57\"> </span>oszacowania <span class=\"_ _146\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>za\u0142o\u017cenia <span class=\"_ _146\"> </span>dotycz\u0105ce <span class=\"_ _57\"> </span>utraty <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _57\"> </span>rzeczowych <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>niematerialnych <span class=\"_ _57\"> </span>aktyw\u00f3w trwa\u0142ych <span class=\"_ _146\"> </span>g\u00f3rniczych i hutniczych z<span class=\"_ _3\"></span>osta\u0142y zaprezentow<span class=\"_ _3\"></span>ane w Nocie 3. Warto\u015b\u0107 <span class=\"_ _2\"></span>netto <span class=\"_ _53\"></span>rzecz<span class=\"_ _192\"> </span>owych <span class=\"_ _53\"></span>akty<span class=\"_ _3\"></span>w\u00f3w <span class=\"_ _53\"></span>g\u00f3rniczych <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>hutniczych <span class=\"_ _2\"></span>podlegaj\u0105cych <span class=\"_ _53\"></span>amortyzacj<span class=\"_ _3\"></span>i <span class=\"_ _53\"></span>metod\u0105 <span class=\"_ _2\"></span>naturaln\u0105 <span class=\"_ _53\"></span>wynios\u0142a <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>dzie\u0144 31 grudnia 2<span class=\"_ _3\"></span>022 r. 1 694<span class=\"_ _3\"></span> mln PLN (na dzie\u0144 31 gr<span class=\"_ _3\"></span>udnia 2021 <span class=\"_ _3\"></span>r. 1 169 mln P<span class=\"_ _3\"></span>LN). Rzeczowe i<span class=\"_ _3\"></span> niematerialne a<span class=\"_ _3\"></span>ktywa g\u00f3rnicze i<span class=\"_ _3\"></span> hutnicze<span class=\"ff2 fc0\"> </span>Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto 19 711 <span class=\"_ _15c\"> </span>15 627 <span class=\"_ _15c\"> </span>5<span class=\"_ _2\"></span> 631  237 <span class=\"_ _119\"> </span>2 933 <span class=\"_ _153\"> </span> 893 45 032 Umorzenie (9 396) <span class=\"_ _c7\"> </span>(7<span class=\"_ _2\"></span> 905) <span class=\"_ _d0\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _13b\"> </span>( 3<span class=\"_ _2\"></span>02) (17 603) Odpisy z tytu\u0142u utraty warto\u015bci (2 407) <span class=\"_ _c9\"> </span>( 637) <span class=\"_ _a1\"> </span>( 48) ( 172) <span class=\"_ _d4\"> </span>(1 537) <span class=\"_ _153\"> </span>( 28) (4 829) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 7 908 <span class=\"_ _c9\"> </span>7<span class=\"_ _2\"></span> 085 <span class=\"_ _15c\"> </span>5 5<span class=\"_ _2\"></span>83  65 <span class=\"_ _119\"> </span>1 396 <span class=\"_ _153\"> </span> 563 22 600 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne <span class=\"_ _15e\"> </span>7 450 <span class=\"_ _c9\"> </span>7 0<span class=\"_ _2\"></span>55 <span class=\"_ _15c\"> </span>5 583  65 <span class=\"_ _119\"> </span>1 396 <span class=\"_ _153\"> </span> 563 22 112 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania) <span class=\"_ _15f\"> </span> 458 <span class=\"_ _99\"> </span> 30 <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>-  488 Zmiany w roku 2021 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie 1 320 <span class=\"_ _c9\"> </span>1 2<span class=\"_ _2\"></span>13 <span class=\"_ _14d\"> </span>(2 533) - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>- - Zakup  - <span class=\"_ _122\"> </span>- <span class=\"_ _133\"> </span>1 832  6 <span class=\"_ _50\"> </span> 71 <span class=\"_ _153\"> </span> 2<span class=\"_ _2\"></span>24 2 133 Leasing - nowe umowy, modyfikacje um\u00f3w  24 <span class=\"_ _99\"> </span> 14 <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>-  38 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  537 <span class=\"_ _122\"> </span>- <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>-  537 Wytworzenie we w\u0142asnym zakresie - <span class=\"_ _122\"> </span>- <span class=\"_ _a1\"> </span> 68<span class=\"_ _2\"></span>7 - <span class=\"_ _50\"> </span> 45 <span class=\"_ _1c\"> </span> 1  733 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego - <span class=\"_ _122\"> </span>- <span class=\"_ _a1\"> </span> 17<span class=\"_ _2\"></span>1 - <span class=\"_ _1c\"> </span> 1 <span class=\"_ _1c\"> </span> 1  173 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 356) <span class=\"_ _122\"> </span>- <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>- ( 356) Nota 4.1 <span class=\"_ _6c\"> </span><span class=\"fc0\">Am<span class=\"_ _2\"></span>ortyzacja, z tego: </span>( 782) <span class=\"_ _c7\"> </span>(1 1<span class=\"_ _2\"></span>27) <span class=\"_ _d0\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _153\"> </span>( 15) (1 924) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych <span class=\"_ _e3\"> </span>( 757) <span class=\"_ _15c\"> </span>(1 115) <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _153\"> </span>( 15) (1 887) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu) <span class=\"_ _5\"> </span>( 25) <span class=\"_ _15b\"> </span>( 12) <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>- ( 37) Nota 4.4 <span class=\"_ _6c\"> </span><span class=\"fc0\">(Utworzenie)/ odwr\u00f3cenie odpis<span class=\"_ _2\"></span>\u00f3w z tytu\u0142u utraty warto\u015bci  </span>( 80) <span class=\"_ _15b\"> </span>( 82<span class=\"_ _2\"></span>) <span class=\"_ _c9\"> </span>( 20<span class=\"_ _2\"></span>) - <span class=\"_ _153\"> </span>( 1<span class=\"_ _2\"></span>0) <span class=\"_ _139\"> </span>( 2) ( 194) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  71 <span class=\"_ _99\"> </span> 50 <span class=\"_ _90\"> </span> 25  5 <span class=\"_ _db\"> </span> 107 <span class=\"_ _1c\"> </span> 1  259 Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy - <span class=\"_ _122\"> </span>- <span class=\"_ _98\"> </span>- - <span class=\"_ _119\"> </span>( 176)<span class=\"_ _3\"></span> <span class=\"_ _b\"> </span>- ( 176) Darowizny i nieodp\u0142atne przyj\u0119cie z maj\u0105tku innych jednostek - <span class=\"_ _122\"> </span>- <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _153\"> </span> 268  268 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 3) <span class=\"_ _121\"> </span>( 7) <span class=\"_ _90\"> </span>( 9) - <span class=\"_ _15d\"> </span>- <span class=\"_ _139\"> </span>( 6) ( 25) Inne zmiany  9 <span class=\"_ _99\"> </span> 40 <span class=\"_ _90\"> </span>( 6) ( 9) <span class=\"_ _50\"> </span>( 3) <span class=\"_ _153\"> </span>( 98) ( 67) Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852 <span class=\"_ _15c\"> </span>16 851 <span class=\"_ _15c\"> </span>5<span class=\"_ _2\"></span> 791  253 <span class=\"_ _119\"> </span>3 095 <span class=\"_ _13b\"> </span>1 2<span class=\"_ _2\"></span>95 <span class=\"_ _69\"> </span>  <span class=\"_ _132\"> </span><span class=\"ff1\">49<span class=\"_ _2\"></span> 137 </span>Umorzenie (10 438) <span class=\"_ _c7\"> </span>(<span class=\"_ _2\"></span>8 859) <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _13b\"> </span>( 33<span class=\"_ _2\"></span>3) <span class=\"_ _69\"> </span>  <span class=\"_ _e2\"> </span><span class=\"ff1\">(19 630) </span>Odpisy z tytu\u0142u utraty warto\u015bci (2 766) <span class=\"_ _c9\"> </span>( 806) <span class=\"_ _a1\"> </span>( 61) ( 186) <span class=\"_ _d4\"> </span>(1 664) <span class=\"_ _153\"> </span>( 25) <span class=\"_ _5d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ff1\">(5<span class=\"_ _2\"></span> 508) </span>Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648 <span class=\"_ _c9\"> </span>7<span class=\"_ _2\"></span> 186 <span class=\"_ _15c\"> </span>5 7<span class=\"_ _2\"></span>30  67 <span class=\"_ _119\"> </span>1 431 <span class=\"_ _153\"> </span> 937 <span class=\"_ _5d\"> </span>  <span class=\"_ _132\"> </span>23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego: <span class=\"_ _160\"> </span><span class=\"ff1\">8 191 <span class=\"_ _c9\"> </span>7<span class=\"_ _2\"></span> 152 <span class=\"_ _15c\"> </span>5 7<span class=\"_ _2\"></span>30 </span> 67 <span class=\"_ _119\"> </span>1 431 <span class=\"_ _153\"> </span> 937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - <span class=\"_ _122\"> </span>- <span class=\"_ _98\"> </span>- - <span class=\"_ _db\"> </span> 119 <span class=\"_ _b\"> </span>-  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191 <span class=\"_ _c9\"> </span>7 1<span class=\"_ _2\"></span>52 <span class=\"_ _15c\"> </span>5 730  67 <span class=\"_ _119\"> </span>1 312 <span class=\"_ _153\"> </span> 937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego: <span class=\"_ _c2\"> </span><span class=\"ff1\"> 457 <span class=\"_ _99\"> </span> 34 <span class=\"_ _98\"> </span>- </span>- <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>-  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - <span class=\"_ _122\"> </span>- <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>- -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457 <span class=\"_ _99\"> </span> 34 <span class=\"_ _98\"> </span>- - <span class=\"_ _15d\"> </span>- <span class=\"_ _b\"> </span>-  491<span class=\"_ _192\"> </span>Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852 <span class=\"_ _161\"> </span>16 851 <span class=\"_ _150\"> </span>5 791  253 <span class=\"_ _150\"> </span>3 095 <span class=\"_ _7d\"> </span>1 2<span class=\"_ _2\"></span>95 <span class=\"_ _5d\"> </span>  <span class=\"_ _e8\"> </span><span class=\"ff1\">49 137 </span>Umorzenie (10 438) <span class=\"_ _ce\"> </span>(8<span class=\"_ _2\"></span> 859) <span class=\"_ _f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _150\"> </span>( 333) <span class=\"_ _5d\"> </span>  <span class=\"_ _76\"> </span><span class=\"ff1\">(1<span class=\"_ _2\"></span>9 630) </span>Odpisy z tytu\u0142u utraty warto\u015bci (2 766) <span class=\"_ _150\"> </span>( 806) <span class=\"_ _a3\"> </span>( 61) ( 186) <span class=\"_ _ce\"> </span>(1 664) <span class=\"_ _a3\"> </span>( 25<span class=\"_ _2\"></span>) <span class=\"_ _5d\"> </span>  <span class=\"_ _e2\"> </span><span class=\"ff1\">(5 508) </span>Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648 <span class=\"_ _150\"> </span>7 186 <span class=\"_ _150\"> </span>5 730  67 <span class=\"_ _150\"> </span>1 431 <span class=\"_ _a3\"> </span> 937 <span class=\"_ _64\"> </span>  <span class=\"_ _e8\"> </span>23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego: <span class=\"_ _162\"> </span><span class=\"ff1\">8 191 <span class=\"_ _150\"> </span>7 152 <span class=\"_ _150\"> </span>5 730 </span> 67 <span class=\"_ _150\"> </span>1 431 <span class=\"_ _a3\"> </span> 937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - <span class=\"_ _f\"> </span>- <span class=\"_ _9f\"> </span>- - <span class=\"_ _163\"> </span> 119 <span class=\"_ _f\"> </span>-  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191 <span class=\"_ _150\"> </span>7 152 <span class=\"_ _7d\"> </span>5<span class=\"_ _2\"></span> 730  67 <span class=\"_ _150\"> </span>1 312 <span class=\"_ _a3\"> </span> 937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego: <span class=\"_ _c3\"> </span><span class=\"ff1\"> 457 <span class=\"_ _bd\"> </span> 34 <span class=\"_ _f\"> </span>- </span>- <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>-  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - <span class=\"_ _f\"> </span>- <span class=\"_ _9f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>- -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457 <span class=\"_ _bd\"> </span> 34 <span class=\"_ _f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>-  491 Zmiany w roku 2022 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie  691 <span class=\"_ _150\"> </span>1 750 <span class=\"_ _ce\"> </span>(2 441) - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>- - Zakup  - <span class=\"_ _f\"> </span>- <span class=\"_ _150\"> </span>1 901  4 <span class=\"_ _163\"> </span> 114 <span class=\"_ _91\"> </span> 1<span class=\"_ _2\"></span>8 2 037 Leasing - nowe umowy, modyfikacje um\u00f3w  133 <span class=\"_ _bd\"> </span> 12 <span class=\"_ _f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>-  145 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  367 <span class=\"_ _f\"> </span>- <span class=\"_ _9f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>-  367 Wytworzenie we w\u0142asnym zakresie - <span class=\"_ _f\"> </span>- <span class=\"_ _150\"> </span>1 027 - <span class=\"_ _91\"> </span> 68 <span class=\"_ _9b\"> </span> 2 1 097 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego - <span class=\"_ _f\"> </span>- <span class=\"_ _163\"> </span> 18<span class=\"_ _2\"></span>2 - <span class=\"_ _91\"> </span> 42 <span class=\"_ _9b\"> </span> 2  226 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 42) <span class=\"_ _f\"> </span>- <span class=\"_ _9f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>- ( 42) Nota 4.1 <span class=\"_ _5f\"> </span><span class=\"fc0\">Am<span class=\"_ _2\"></span>ortyzacja, z tego: </span>( 784) <span class=\"_ _ce\"> </span>(1 239) <span class=\"_ _f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _a3\"> </span><span class=\"ff2\">(<span class=\"_ _2\"></span> 20) </span>(2 043) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych <span class=\"_ _96\"> </span>( 756)<span class=\"_ _3\"></span> <span class=\"_ _ce\"> </span>(1<span class=\"_ _2\"></span> 230) <span class=\"_ _f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _a3\"> </span>(<span class=\"_ _2\"></span> 20) (2 006) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu) <span class=\"_ _c1\"> </span>( 28) <span class=\"_ _8f\"> </span>( 9<span class=\"_ _2\"></span>) <span class=\"_ _f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>- ( 37) Nota 4.4 <span class=\"_ _5f\"> </span><span class=\"fc0\">(Utworzenie) / odwr\u00f3cenie odpi<span class=\"_ _2\"></span>s\u00f3w z tytu\u0142u utraty warto\u015bci </span>- <span class=\"_ _91\"> </span>( 7) <span class=\"_ _91\"> </span>( 6) - <span class=\"_ _a3\"> </span>( 55<span class=\"_ _2\"></span>) <span class=\"_ _8f\"> </span>( 2<span class=\"_ _2\"></span>) ( 70) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  77 <span class=\"_ _91\"> </span> 5<span class=\"_ _2\"></span>1 <span class=\"_ _91\"> </span> 40  6 <span class=\"_ _163\"> </span> 108 <span class=\"_ _9b\"> </span> 2  284 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 5) <span class=\"_ _163\"> </span>( 40) <span class=\"_ _a3\"> </span>( 19<span class=\"_ _2\"></span>) - <span class=\"_ _f\"> </span>- <span class=\"_ _91\"> </span>( 5) ( 69) Rozliczenie ze \u015brodk\u00f3w trwa\u0142ych w budowie na warto\u015bci niematerialne - <span class=\"_ _f\"> </span>- <span class=\"_ _163\"> </span>( 38) - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>- ( 38) Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105 - <span class=\"_ _f\"> </span>- <span class=\"_ _9f\"> </span>- - <span class=\"_ _7d\"> </span>( 1<span class=\"_ _2\"></span>25) <span class=\"_ _b4\"> </span>- ( 125) Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych  na pozosta\u0142e aktywa rzeczowe - <span class=\"_ _f\"> </span>- <span class=\"_ _150\"> </span>( 197) - <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>- ( 197) Inne zmiany ( 3) <span class=\"_ _163\"> </span>( 24) <span class=\"_ _a3\"> </span>( 56<span class=\"_ _2\"></span>) ( 4) <span class=\"_ _91\"> </span> 94 <span class=\"_ _91\"> </span> 8<span class=\"_ _2\"></span>8  95 Stan na 31.12.2022 Warto\u015b\u0107 brutto 23 383 <span class=\"_ _161\"> </span>17 466 <span class=\"_ _150\"> </span>6 147  274 <span class=\"_ _150\"> </span>3 480 <span class=\"_ _7d\"> </span>1 4<span class=\"_ _2\"></span>11 52 161 Umorzenie (11 463) <span class=\"_ _ce\"> </span>(9<span class=\"_ _2\"></span> 449) <span class=\"_ _f\"> </span>- - <span class=\"_ _f\"> </span>- <span class=\"_ _150\"> </span>( 362) (21 274) Odpisy z tytu\u0142u utraty warto\u015bci (2 838) <span class=\"_ _150\"> </span>( 328) <span class=\"_ _a3\"> </span>( 24) ( 201) <span class=\"_ _ce\"> </span>(1 803) <span class=\"_ _a3\"> </span>( 27<span class=\"_ _2\"></span>) (5 221) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 9 082 <span class=\"_ _150\"> </span>7 689 <span class=\"_ _150\"> </span>6 123  73 <span class=\"_ _150\"> </span>1 677 <span class=\"_ _7d\"> </span>1 0<span class=\"_ _2\"></span>22 25 666 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne <span class=\"_ _4b\"> </span><span class=\"ff1\">8<span class=\"_ _2\"></span> 521 <span class=\"_ _150\"> </span>7 652 <span class=\"_ _7d\"> </span>6<span class=\"_ _2\"></span> 123 </span> 73 <span class=\"_ _150\"> </span>1 677 <span class=\"_ _7d\"> </span>1 0<span class=\"_ _2\"></span>22 25 068 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania) <span class=\"_ _164\"> </span><span class=\"ff1\"> 561 <span class=\"_ _bd\"> </span> 37 <span class=\"_ _f\"> </span>- </span>- <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span>-  598<span class=\"_ _192\"> </span> Nota 9.1.1 Rzeczow<span class=\"_ _3\"></span>e aktywa tr<span class=\"_ _3\"></span>wa\u0142e g\u00f3rnicze i hutnic<span class=\"_ _3\"></span>ze \u2013 istotne <span class=\"_ _3\"></span>\u015brodki trwa\u0142e w <span class=\"_ _3\"></span>budowie Stan na  31.12.2022<span class=\"_ _3\"></span> Stan na  31.12.<span class=\"_ _3\"></span>2021 Program Ud<span class=\"_ _3\"></span>ost\u0119pnienie Z\u0142o\u017ca<span class=\"_ _3\"></span> 3 318<span class=\"_ _192\"> </span>2 796<span class=\"_ _192\"> </span>Budowa szybu <span class=\"_ _3\"></span>SW-4  589 565<span class=\"_ _192\"> </span>Dzia\u0142alno\u015b\u0107 inw<span class=\"_ _3\"></span>estycyjna zwi\u0105<span class=\"_ _3\"></span>zana z rozbudow\u0105 i<span class=\"_ _3\"></span> eksploatacj\u0105 Obi<span class=\"_ _3\"></span>ektu Unieszkodliwi<span class=\"_ _3\"></span>ania Odpad\u00f3w W<span class=\"_ _3\"></span>ydobywczych  \u017belazn<span class=\"_ _3\"></span>y Most<span class=\"_ _3\"></span>  280 424<span class=\"_ _192\"> </span>Pompownia <span class=\"_ _3\"></span>Dam\u00f3wka wra<span class=\"_ _3\"></span>z z ruroci\u0105giem w<span class=\"_ _3\"></span>ody zwrotnej w Z<span class=\"_ _3\"></span>ak\u0142adzie Hydrotechni<span class=\"_ _3\"></span>cznym  145 131<span class=\"_ _192\"> </span>BAT As-Instalacja <span class=\"_ _3\"></span>do usuwania a<span class=\"_ _3\"></span>rsenu i rt\u0119ci z<span class=\"_ _3\"></span> gaz\u00f3w przed ins<span class=\"_ _3\"></span>talacj\u0105 Solinox  117 113<span class=\"_ _192\"> </span>Modernizacja Ha<span class=\"_ _3\"></span>li Wanien H<span class=\"_ _3\"></span>MG I- realizacja <span class=\"_ _3\"></span>odtworzenia dachu i<span class=\"_ _3\"></span> \u015bcian hali  96 89<span class=\"_ _192\"> </span>Nota 9.1.2 Aktyw<span class=\"_ _3\"></span>a z tytu\u0142u p<span class=\"_ _3\"></span>oszukiwania i oceny <span class=\"_ _3\"></span>zasob\u00f3w mineralnych<span class=\"_ _3\"></span> Istotne nak\u0142ad<span class=\"_ _3\"></span>y na poszukiwani<span class=\"_ _3\"></span>e i ocen\u0119 zasob\u00f3w m<span class=\"_ _3\"></span>ineralnych pr<span class=\"_ _3\"></span>zedstawiono w pon<span class=\"_ _3\"></span>i\u017cszej tabeli. Segment operacyjny Opis Stan na 31.12.2<span class=\"_ _3\"></span>022 Stan na 31.12.2<span class=\"_ _3\"></span>021 Warto\u015b\u0107 brutto<span class=\"_ _192\"> </span>Odpisy z tytu\u0142u utraty warto\u015bci<span class=\"_ _192\"> </span>Warto\u015b\u0107 brutto<span class=\"_ _192\"> </span>Odpisy z tytu\u0142u utraty warto\u015bci<span class=\"_ _192\"> </span>KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105z<span class=\"_ _3\"></span>ane z pracami <span class=\"_ _3\"></span>eksploracyjnymi, g\u0142\u00f3wnie w ram<span class=\"_ _3\"></span>ach projektu Victo<span class=\"_ _3\"></span>ria po\u0142o\u017coneg<span class=\"_ _3\"></span>o w Zag\u0142\u0119biu Sudbur<span class=\"_ _3\"></span>y w Kanadzie 2 087 832<span class=\"_ _192\"> </span>1 838 768<span class=\"_ _192\"> </span>KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105z<span class=\"_ _3\"></span>ane z pracami <span class=\"_ _3\"></span>eksploracyjnymi  w ramach p<span class=\"_ _3\"></span>rojektu Ajax  671 671 661 661<span class=\"_ _192\"> </span>Nota 9.1.3 Wyd<span class=\"_ _3\"></span>atki zwi\u0105zane <span class=\"_ _3\"></span>z aktywami g\u00f3rniczymi i<span class=\"_ _3\"></span> hutnicz<span class=\"_ _3\"></span>ymi od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.202<span class=\"_ _3\"></span>1 do 31.12.202<span class=\"_ _3\"></span>1 Zakup <span class=\"_ _165\"> </span><span class=\"ff1\"> </span>(2 037)<span class=\"_ _192\"> </span>(2 133)<span class=\"_ _192\"> </span>Maj\u0105tek trwa\u0142y w<span class=\"_ _3\"></span>ytworzony we <span class=\"_ _3\"></span>w\u0142asnym zakresie <span class=\"_ _166\"> </span><span class=\"fc11\"> </span>(1 097)<span class=\"_ _192\"> </span>( 733)<span class=\"_ _192\"> </span>Koszty usuwania<span class=\"_ _3\"></span> nadk\u0142adu w k<span class=\"_ _3\"></span>opalniach odkryw<span class=\"_ _3\"></span>kowych  <span class=\"_ _11d\"> </span><span class=\"fc11\"> </span>( 367)<span class=\"_ _192\"> </span>( 537)<span class=\"_ _192\"> </span>Koszty finans<span class=\"_ _3\"></span>owania zewn\u0119trzn<span class=\"_ _3\"></span>ego <span class=\"_ _10a\"> </span><span class=\"fc11\"> </span>( 226)<span class=\"_ _192\"> </span>( 173)<span class=\"_ _192\"> </span>Zmiana stanu z<span class=\"_ _3\"></span>obowi\u0105za\u0144 z tytu\u0142<span class=\"_ _3\"></span>u nabycia<span class=\"_ _3\"></span> <span class=\"_ _167\"> </span><span class=\"fc11\"> </span>( 21) 100<span class=\"_ _192\"> </span>Pozosta\u0142e <span class=\"_ _168\"> </span><span class=\"fc11\"> </span> 70 93<span class=\"_ _192\"> </span>Razem* <span class=\"_ _169\"> </span><span class=\"fc0\"> </span>(3 678)<span class=\"_ _192\"> </span>(3 383)<span class=\"_ _192\"> </span>*W tym wydat<span class=\"_ _2\"></span>ki zwi\u0105zane<span class=\"_ _2\"></span> z aktywami<span class=\"_ _2\"></span> s\u0142u\u017c\u0105cymi pos<span class=\"_ _2\"></span>zukiwaniu i <span class=\"_ _2\"></span>ocenie zasob\u00f3w min<span class=\"_ _2\"></span>eralnych<span class=\"_ _2\"></span> w kwocie 159 mln PLN<span class=\"_ _2\"></span> (w 2021 r. 91 mln P<span class=\"_ _2\"></span>LN). Nota 9.2 Poz<span class=\"_ _3\"></span>osta\u0142e aktywa rzec<span class=\"_ _3\"></span>zowe i niematerial<span class=\"_ _3\"></span>ne Zasady rachun<span class=\"_ _3\"></span>kowo\u015bci Pozosta\u0142e <span class=\"_ _59\"> </span>rzeczow<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>aktywa <span class=\"_ _59\"> </span>trwa\u0142e <span class=\"_ _59\"> </span>wycenia <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>cenie <span class=\"_ _59\"> </span>nabycia/koszc<span class=\"_ _3\"></span>ie <span class=\"_ _59\"> </span>wytworzenia <span class=\"_ _59\"> </span>pomniejsz<span class=\"_ _3\"></span>onych <span class=\"_ _59\"> </span>o skumulowa<span class=\"_ _3\"></span>n\u0105 amortyzacj\u0119 <span class=\"_ _2\"></span>(umorzenie) o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>skumulowane <span class=\"_ _2\"></span>odpisy <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci. <span class=\"_ _2\"></span>Odpis\u00f3w <span class=\"_ _2\"></span>amortyzacyjnych <span class=\"_ _2\"></span>dokonuje <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>metod\u0105 liniow\u0105.  Dla poszczeg\u00f3ln<span class=\"_ _3\"></span>ych grup \u015brodk\u00f3w<span class=\"_ _3\"></span> trwa\u0142ych przyj\u0119to <span class=\"_ _3\"></span>okresy u\u017cytkowania <span class=\"_ _3\"></span>w nast\u0119puj\u0105c<span class=\"_ _3\"></span>ych przedzia\u0142ach:<span class=\"_ _3\"></span> Grupa<span class=\"_ _192\"> </span>Ca\u0142kowity okres u\u017cytkowania Budynki i <span class=\"_ _3\"></span>budowle<span class=\"_ _192\"> </span>25-60 lat<span class=\"_ _192\"> </span>Urz\u0105dzenia te<span class=\"_ _3\"></span>chniczne i mas<span class=\"_ _3\"></span>zyny<span class=\"_ _192\"> </span>4-15 lat<span class=\"_ _192\"> </span>\u015arodki transp<span class=\"_ _3\"></span>ortu<span class=\"_ _192\"> </span>3-14 lat<span class=\"_ _192\"> </span>Inne \u015brodki tr<span class=\"_ _3\"></span>wa\u0142e 5-10 lat<span class=\"_ _192\"> </span>Warto\u015bci <span class=\"_ _5a\"> </span>niematerialn<span class=\"_ _3\"></span>e <span class=\"_ _5a\"> </span>w<span class=\"_ _2\"></span>ykazane <span class=\"_ _5a\"> </span>jako <span class=\"_ _5a\"> </span>\u201epozosta\u0142e <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>niematerialne\u201d <span class=\"_ _5a\"> </span>obejmuj\u0105 <span class=\"_ _59\"> </span>w <span class=\"_ _54\"> </span>szc<span class=\"_ _3\"></span>zeg\u00f3lno\u015bci: <span class=\"_ _5a\"> </span>nabyte <span class=\"_ _5a\"> </span>prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3<span class=\"_ _2\"></span>rni<span class=\"_ _3\"></span>cz\u0105 i<span class=\"_ _2\"></span> oprogramowanie komputerowe. Aktywa te <span class=\"_ _2\"></span>wycenia si\u0119 w<span class=\"_ _2\"></span> cenie nabycia lub koszcie wytworze<span class=\"_ _3\"></span>nia pomniejsz<span class=\"_ _3\"></span>onych o skumulowan<span class=\"_ _3\"></span>e odpisy am<span class=\"_ _3\"></span>ortyzacyjne i skum<span class=\"_ _3\"></span>ulowane odpi<span class=\"_ _3\"></span>sy z tytu\u0142u utraty war<span class=\"_ _3\"></span>to\u015bci. Odpis\u00f3w  amortyzacy<span class=\"_ _3\"></span>jnych  od  warto\u015bci  niematerialnych  dokonu<span class=\"_ _3\"></span>je  si\u0119  metod\u0105  liniow\u0105,  przez  okres  ich  przewidywaneg<span class=\"_ _3\"></span>o u\u017cytkowania. Dla g<span class=\"_ _3\"></span>\u0142\u00f3wnych grup <span class=\"_ _3\"></span>warto\u015bci niematerialn<span class=\"_ _3\"></span>ych okres u\u017c<span class=\"_ _3\"></span>ytkowania wynosi:<span class=\"_ _3\"></span> Grupa Ca\u0142kowity okres              <span class=\"_ _3\"></span>        u\u017cytkowania Nabyte prawa m<span class=\"_ _3\"></span>aj\u0105tkowe niezwi\u0105zane z <span class=\"_ _3\"></span>dzia\u0142alno\u015bci\u0105 g\u00f3rni<span class=\"_ _3\"></span>cz\u0105 5-50 lat<span class=\"_ _192\"> </span>Oprogram<span class=\"_ _3\"></span>owanie komputerowe<span class=\"_ _192\"> </span>2-5 lat<span class=\"_ _192\"> </span>Inne warto\u015bci ni<span class=\"_ _3\"></span>ematerialne<span class=\"_ _192\"> </span>40-50 lat<span class=\"_ _192\"> </span>Pozosta\u0142e akty<span class=\"_ _3\"></span>wa rzeczowe i <span class=\"_ _3\"></span>niematerialne  Rzeczowe aktywa t<span class=\"_ _2\"></span>rwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne Razem Stan na 31.12.202<span class=\"_ _2\"></span>0 Warto\u015b\u0107 br<span class=\"_ _2\"></span>utto  2 7822 754 288 4916 315Umorzenie  ( 899)(1 549)-( 207)(2 655)Odpisy z tytu\u0142u u<span class=\"_ _2\"></span>traty warto\u015bci<span class=\"_ _2\"></span>  ( 340)( 178)( 1)( 143)( 662)Warto\u015b\u0107 ksi\u0119gowa<span class=\"_ _2\"></span> netto, z tego:<span class=\"_ _2\"></span> 1 5431 027 287 1412 998\u015brodki trwa\u0142e w\u0142<span class=\"_ _2\"></span>asne i warto\u015bci<span class=\"_ _2\"></span> niemateri<span class=\"_ _2\"></span>alne <span class=\"_ _16a\"> </span>1 377 976 287 1412 781\u015brodki trwa\u0142e w leasi<span class=\"_ _2\"></span>ngu (prawo do u<span class=\"_ _2\"></span>\u017cytkowania) <span class=\"_ _16b\"> </span> 166 51-- 217Zmiany w roku 2021<span class=\"_ _2\"></span> netto  Rozliczenie<span class=\"_ _2\"></span> \u015brodk\u00f3w trwa\u0142ych w budo<span class=\"_ _2\"></span>wie   83 385( 468)--Zakup   -- 307 138 445Wytworzenie we<span class=\"_ _2\"></span> w\u0142asnym zakresi<span class=\"_ _2\"></span>e  -- 78 1 79Leasing - nowe u<span class=\"_ _2\"></span>mowy, modyfikacje<span class=\"_ _2\"></span> um\u00f3w  2 14-- 16 Nota 4.1 <span class=\"_ _72\"> </span><span class=\"fc0\">Amor<span class=\"_ _2\"></span>tyzacja, z tego:<span class=\"_ _2\"></span> </span>( 84)( 221)-( 25)( 330)dot. \u015brodk\u00f3w trw<span class=\"_ _2\"></span>a\u0142ych w\u0142asnych i war<span class=\"_ _2\"></span>to\u015bci ni<span class=\"_ _2\"></span>ematerialnych <span class=\"_ _25\"> </span>( 83)( 203)-( 25)( 311)dot. prawa do u\u017cyt<span class=\"_ _2\"></span>kowania (\u015brodk\u00f3w<span class=\"_ _2\"></span> trwa\u0142ych w leasi<span class=\"_ _2\"></span>ngu) <span class=\"_ _40\"> </span>( 1)( 18)--( 19) Nota 4.4 <span class=\"_ _72\"> </span><span class=\"fc0\">(Utworze<span class=\"_ _2\"></span>nie)/odwr\u00f3cen<span class=\"_ _2\"></span>ie odpis\u00f3w z tytu<span class=\"_ _2\"></span>\u0142u utraty warto\u015bc<span class=\"_ _2\"></span>i  </span>( 55)( 81)( 4)-( 140)Likwidacja, sprzeda\u017c<span class=\"_ _2\"></span>, darowizny i ni<span class=\"_ _2\"></span>eodp\u0142atne p<span class=\"_ _2\"></span>rzekazanie ---( 18)( 18)Przekwalifikowanie<span class=\"_ _2\"></span> do aktyw\u00f3w prze<span class=\"_ _2\"></span>znaczonych d<span class=\"_ _2\"></span>o sprzeda\u017cy ( 2)---( 2)Stan na dzie\u0144<span class=\"_ _2\"></span> utraty kontroli n<span class=\"_ _2\"></span>ad jednostk\u0105 zale\u017cn\u0105 <span class=\"_ _2\"></span> -----Inne zmiany   11- 11 13 35Stan na 31.12.202<span class=\"_ _2\"></span>1 Warto\u015b\u0107 br<span class=\"_ _2\"></span>utto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u u<span class=\"_ _2\"></span>traty warto\u015bci<span class=\"_ _2\"></span>  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa<span class=\"_ _2\"></span> netto, z tego:<span class=\"_ _2\"></span> 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142<span class=\"_ _2\"></span>asne i warto\u015bci<span class=\"_ _2\"></span> niemateri<span class=\"_ _2\"></span>alne, z tego: <span class=\"_ _16c\"> </span><span class=\"ff1\">1 334</span>1 078 211 2502 873   wykazane w ramach<span class=\"_ _2\"></span> aktyw\u00f3w przez<span class=\"_ _2\"></span>naczonych do sp<span class=\"_ _2\"></span>rzeda\u017cy (grupa zb<span class=\"_ _2\"></span>ycia) <span class=\"_ _16d\"> </span> 197 11 2- 210   wykazane jako \u201ep<span class=\"_ _2\"></span>ozosta\u0142e aktywa rz<span class=\"_ _2\"></span>eczowe i nie<span class=\"_ _2\"></span>materialne<span class=\"_ _2\"></span>\" <span class=\"_ _16e\"> </span>1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasi<span class=\"_ _2\"></span>ngu (prawo do u<span class=\"_ _2\"></span>\u017cytkowania), z tego:<span class=\"_ _2\"></span> <span class=\"_ _16f\"> </span><span class=\"ff1\"> 166</span> 46-- 212Stan na 31.12.202<span class=\"_ _2\"></span>1 Warto\u015b\u0107 br<span class=\"_ _2\"></span>utto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u u<span class=\"_ _2\"></span>traty warto\u015bci<span class=\"_ _2\"></span>  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa<span class=\"_ _2\"></span> netto, z tego:<span class=\"_ _2\"></span> 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142<span class=\"_ _2\"></span>asne i warto\u015bci<span class=\"_ _2\"></span> niemateri<span class=\"_ _2\"></span>alne, z tego: <span class=\"_ _8\"> </span><span class=\"ff1\">1 334</span>1 078 211 2502 873   wykazane w ramach<span class=\"_ _2\"></span> aktyw\u00f3w przez<span class=\"_ _2\"></span>naczonych do sp<span class=\"_ _2\"></span>rzeda\u017cy (grupa zb<span class=\"_ _2\"></span>ycia) <span class=\"_ _117\"> </span> 197 11 2- 210   wykazane jako \u201ep<span class=\"_ _2\"></span>ozosta\u0142e aktywa rz<span class=\"_ _2\"></span>eczowe i nie<span class=\"_ _2\"></span>materialne<span class=\"_ _2\"></span>\" <span class=\"_ _87\"> </span>1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasi<span class=\"_ _2\"></span>ngu (prawo do u<span class=\"_ _2\"></span>\u017cytkowania), z tego:<span class=\"_ _2\"></span> <span class=\"_ _170\"> </span><span class=\"ff1\"> 166</span> 46-- 212   wykazane w ramach<span class=\"_ _2\"></span> aktyw\u00f3w przez<span class=\"_ _2\"></span>naczonych do sp<span class=\"_ _2\"></span>rzeda\u017cy (grupa zb<span class=\"_ _2\"></span>ycia) <span class=\"_ _2c\"> </span> 32--- 32   wykazane jako \u201ep<span class=\"_ _2\"></span>ozosta\u0142e aktywa rz<span class=\"_ _2\"></span>eczowe i nie<span class=\"_ _2\"></span>materialne<span class=\"_ _2\"></span>\" <span class=\"_ _18\"> </span> 134 46-- 180Zmiany w roku 2022<span class=\"_ _2\"></span> netto  Rozliczenie<span class=\"_ _2\"></span> \u015brodk\u00f3w trwa\u0142ych w budo<span class=\"_ _2\"></span>wie   267 284( 551)--Zakup   -- 218 107 325Wytworzenie we<span class=\"_ _2\"></span> w\u0142asnym zakresi<span class=\"_ _2\"></span>e  -- 111- 111Leasing - nowe u<span class=\"_ _2\"></span>mowy, modyfikacje<span class=\"_ _2\"></span> um\u00f3w  4 16-- 20 Nota 4.1 <span class=\"_ _171\"> </span><span class=\"fc0\">Amortyzacja, z te<span class=\"_ _2\"></span>go: </span>( 94)( 236)-( 25)( 355)dot. \u015brodk\u00f3w trw<span class=\"_ _2\"></span>a\u0142ych w\u0142asnych i war<span class=\"_ _2\"></span>to\u015bci ni<span class=\"_ _2\"></span>ematerialnych <span class=\"_ _39\"> </span>( 93)( 218)-( 25)( 336)dot. prawa do u\u017cyt<span class=\"_ _2\"></span>kowania (\u015brodk\u00f3w<span class=\"_ _2\"></span> trwa\u0142ych w leasi<span class=\"_ _2\"></span>ngu) <span class=\"_ _86\"> </span>( 1)( 18)--( 19) Nota 4.4 <span class=\"_ _171\"> </span><span class=\"fc0\">(Utworzenie)/odwr\u00f3ce<span class=\"_ _2\"></span>nie odpi<span class=\"_ _2\"></span>s\u00f3w z tytu\u0142u utr<span class=\"_ _2\"></span>aty warto\u015bci  </span>( 62)( 3)( 1)( 8)( 74)Likwidacja, sprzeda\u017c<span class=\"_ _2\"></span>, darowizny i ni<span class=\"_ _2\"></span>eodp\u0142atne p<span class=\"_ _2\"></span>rzekazanie -( 9)-( 32)( 41)Przesuni\u0119<span class=\"_ _2\"></span>cie z rzeczowych aktyw\u00f3w<span class=\"_ _2\"></span> g\u00f3rnic<span class=\"_ _2\"></span>zych i hutniczych n<span class=\"_ _2\"></span>a pozosta\u0142e aktywa rzeczowe -- 197- 197Stan na dzie\u0144<span class=\"_ _2\"></span> utraty kontroli n<span class=\"_ _2\"></span>ad jednostk\u0105 zale\u017cn\u0105 <span class=\"_ _2\"></span> ( 229)( 11)( 2)-( 242)Inne zmiany    7 18( 13)( 74)( 62)Stan na 31.12.202<span class=\"_ _2\"></span>2 Warto\u015b\u0107 br<span class=\"_ _2\"></span>utto  2 9193 194 176 6206 909Umorzenie  (1 058)(1 753)-( 250)(3 061)Odpisy z tytu\u0142u u<span class=\"_ _2\"></span>traty warto\u015bci<span class=\"_ _2\"></span>  ( 468)( 258)( 6)( 152)( 884)Warto\u015b\u0107 ksi\u0119gowa<span class=\"_ _2\"></span> netto, z tego:<span class=\"_ _2\"></span> 1 3931 183 170 2182 964\u015brodki trwa\u0142e w\u0142<span class=\"_ _2\"></span>asne i warto\u015bci<span class=\"_ _2\"></span> niemateri<span class=\"_ _2\"></span>alne <span class=\"_ _172\"> </span><span class=\"ff1\">1 263</span>1 140 170-2 573\u015brodki trwa\u0142e w leasi<span class=\"_ _2\"></span>ngu (prawo do u<span class=\"_ _2\"></span>\u017cytkowania) <span class=\"_ _ff\"> </span><span class=\"ff1\"> 130</span> 43-- 173Rzeczowe aktywa t<span class=\"_ _2\"></span>rwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne RazemNota 9.3 Amortyz<span class=\"_ _3\"></span>acja Rzeczowe aktywa trw<span class=\"_ _3\"></span>a\u0142e Warto\u015bci niemateri<span class=\"_ _3\"></span>alne od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Nota 4.1 Razem 2 353<span class=\"_ _192\"> </span>2 214 45 40<span class=\"_ _192\"> </span>rozliczona w wynik <span class=\"_ _3\"></span>finansowy 2 198<span class=\"_ _192\"> </span>2 086 41 37<span class=\"_ _192\"> </span>koszty wytworzenia<span class=\"_ _3\"></span> produkt\u00f3w 2 153<span class=\"_ _192\"> </span>2 043 37 34<span class=\"_ _192\"> </span>koszty og\u00f3lnego zar<span class=\"_ _3\"></span>z\u0105du <span class=\"_ _173\"> </span> 36 33 4 3<span class=\"_ _192\"> </span>koszty sprzeda\u017cy<span class=\"_ _3\"></span> <span class=\"_ _174\"> </span> 9 10<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>stanowi\u0105ca cz\u0119\u015b\u0107 <span class=\"_ _3\"></span>kosztu wytworzenia aktyw<span class=\"_ _3\"></span>\u00f3w  155 128 4 3<span class=\"_ _192\"> </span>Nota 9.4 Rezerw<span class=\"_ _3\"></span>a na koszty likwid<span class=\"_ _3\"></span>acji kopal\u0144 i innych <span class=\"_ _3\"></span>obiekt\u00f3w Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _125\"> </span>Wa\u017cne oszacowania, za\u0142o\u017c<span class=\"_ _3\"></span>enia i os\u0105dy Rezerwa <span class=\"_ _5e\"> </span>na <span class=\"_ _5e\"> </span>przysz\u0142e<span class=\"_ _2\"></span> <span class=\"_ _5e\"> </span>koszty <span class=\"_ _5e\"> </span>zwi\u0105zane <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>likwidacj\u0105<span class=\"_ _3\"></span> kopal\u0144  i <span class=\"_ _146\"> </span>innych <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>biekt\u00f3w  technologicznych  tworzona<span class=\"_ _3\"></span> jest <span class=\"_ _5e\"> </span>na <span class=\"_ _5e\"> </span>bazie <span class=\"_ _5e\"> </span>szacunk\u00f3w <span class=\"_ _5e\"> </span>przewidywanych <span class=\"_ _55\"> </span>koszt\u00f3w likwidacji <span class=\"_ _5f\"> </span>obiekt\u00f3w <span class=\"_ _5f\"> </span>i <span class=\"_ _5f\"> </span>przywr\u00f3cenia <span class=\"_ _5f\"> </span>do <span class=\"_ _5f\"> </span>stanu pierwotnego <span class=\"_ _59\"> </span>terenu <span class=\"_ _5a\"> </span>po zako\u0144cz<span class=\"_ _3\"></span>eniu <span class=\"_ _5a\"> </span>ich <span class=\"_ _5a\"> </span>eksploa<span class=\"_ _3\"></span>tacji, wykonanych  w <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>parciu  o prognozy <span class=\"_ _146\"> </span>e<span class=\"_ _2\"></span>kspl<span class=\"_ _3\"></span>oatacji <span class=\"_ _146\"> </span>z\u0142o\u017ca (dla obiekt\u00f3w <span class=\"_ _8c\"> </span>g\u00f3rniczych) <span class=\"_ _8c\"> </span>oraz <span class=\"_ _8c\"> </span>e<span class=\"_ _2\"></span>kspertyzy technologiczn<span class=\"_ _3\"></span>o-ekonomiczne <span class=\"_ _13a\"> </span>sporz\u0105dzone <span class=\"_ _138\"> </span>przez specjalistyczne <span class=\"_ _67\"> </span>firmy <span class=\"_ _67\"> </span>b\u0105d\u017a <span class=\"_ _67\"> </span>wykonane <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>Jednostce Dominuj\u0105cej. W <span class=\"_ _53\"></span>przypadku <span class=\"_ _53\"></span>kopalni <span class=\"_ _53\"></span>odkrywkowych <span class=\"_ _2\"></span>niekt\u00f3re <span class=\"_ _53\"></span>dzia\u0142ania oraz <span class=\"_ _5b\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _5b\"> </span>mog\u0105ce <span class=\"_ _63\"> </span>wp\u0142ywa\u0107 <span class=\"_ _5b\"> </span>na <span class=\"_ _63\"> </span>zakres <span class=\"_ _5b\"> </span>prac rekultywacyjnych, <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>np. <span class=\"_ _2\"></span>koszty <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dstawy <span class=\"_ _2\"></span>ska\u0142y <span class=\"_ _53\"></span>p\u0142onnej,<span class=\"_ _3\"></span> ponoszone  w  t<span class=\"_ _2\"></span>rakcie  \u017cycia  ko<span class=\"_ _2\"></span>palni  i  w <span class=\"_ _57\"> </span>zwi\u0105zku  z <span class=\"_ _146\"> </span>j<span class=\"_ _2\"></span>ej dzia\u0142alno\u015bci\u0105 <span class=\"_ _62\"> </span>operacyjn\u0105,<span class=\"_ _3\"></span> <span class=\"_ _62\"> </span>ujmuje <span class=\"_ _62\"> </span>si\u0119 <span class=\"_ _62\"> </span>jako <span class=\"_ _64\"> </span>koszty operacyjne <span class=\"_ _56\"> </span>st<span class=\"_ _2\"></span>anowi\u0105ce <span class=\"_ _56\"> </span>integraln\u0105 <span class=\"_ _5b\"> </span>cz\u0119\u015b\u0107 <span class=\"_ _5b\"> </span>procesu produkcji <span class=\"_ _67\"> </span>i wy\u0142\u0105cza <span class=\"_ _5e\"> </span>si\u0119 <span class=\"_ _67\"> </span>je <span class=\"_ _67\"> </span>tym <span class=\"_ _67\"> </span>samym <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>koszt\u00f3w stanowi\u0105cych podstaw\u0119 <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>kalkulacji <span class=\"_ _2\"></span>rezerwy <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>koszty likwidacji kopal\u0144.<span class=\"_ _3\"></span> Aktualizacji rezerw<span class=\"_ _3\"></span>y dokonuje si\u0119 dwuetap<span class=\"_ _3\"></span>owo: 1)<span class=\"ff8\"> <span class=\"_ _5e\"> </span></span>szacunek <span class=\"_ _54\"> </span>kosz<span class=\"_ _3\"></span>t\u00f3w <span class=\"_ _5a\"> </span>l<span class=\"_ _2\"></span>ikwidacji <span class=\"_ _5a\"> </span>kopal\u0144 <span class=\"_ _5a\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>aktualnej warto\u015bci <span class=\"_ _37\"> </span>w <span class=\"_ _37\"> </span>zwi\u0105zku <span class=\"_ _37\"> </span>ze <span class=\"_ _37\"> </span>z<span class=\"_ _2\"></span>mian\u0105 <span class=\"_ _37\"> </span>cen <span class=\"_ _37\"> </span>przy zastosowaniu <span class=\"_ _5e\"> </span>wska\u017anik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5e\"> </span>zmiany <span class=\"_ _5e\"> </span>cen <span class=\"_ _5e\"> </span>produkcji budowlano-monta\u017co<span class=\"_ _3\"></span>wej publikowanych pr<span class=\"_ _3\"></span>zez GUS. 2)<span class=\"ff8\"> <span class=\"_ _5e\"> </span></span>dyskontowanie <span class=\"_ _62\"> </span>koszt\u00f3w <span class=\"_ _62\"> </span>likwidacji <span class=\"_ _62\"> </span>do <span class=\"_ _61\"> </span>warto\u015bci bie\u017c\u0105cej   <span class=\"_ _58\"> </span>przy  u\u017cyciu <span class=\"_ _74\"> </span>re<span class=\"_ _2\"></span>alnych <span class=\"_ _58\"> </span>st\u00f3p  dyskontowy<span class=\"_ _3\"></span>ch skalkulowanych <span class=\"_ _5e\"> </span>w <span class=\"_ _5e\"> </span>oparciu <span class=\"_ _5e\"> </span>o <span class=\"_ _67\"> </span>stopy <span class=\"_ _5e\"> </span>procentowe nominalne <span class=\"_ _5d\"> </span>oraz <span class=\"_ _64\"> </span>wska\u017anik<span class=\"_ _3\"></span> <span class=\"_ _64\"> </span>inflacji <span class=\"_ _5d\"> </span>(iloraz <span class=\"_ _64\"> </span>stopy<span class=\"_ _3\"></span> nominalnej i wska\u017a<span class=\"_ _3\"></span>nika inflacji), prz<span class=\"_ _3\"></span>y czym: - <span class=\"_ _6c\"> </span>nominalna <span class=\"_ _37\"> </span>stopa <span class=\"_ _37\"> </span>procentowa <span class=\"_ _6c\"> </span>w Jedn<span class=\"_ _3\"></span>ostce Dominuj\u0105cej <span class=\"_ _54\"> </span>opiera <span class=\"_ _5a\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>re<span class=\"_ _3\"></span>ntowno\u015bci <span class=\"_ _54\"> </span>obligacji<span class=\"_ _3\"></span> skarbowych <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>koniec <span class=\"_ _54\"> </span>okr<span class=\"_ _3\"></span>esu <span class=\"_ _5a\"> </span>sprawozdawczego, o terminach <span class=\"_ _0\"></span>zapadaln<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>najbardziej <span class=\"_ _0\"></span>zbli\u017conych <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>o termin\u00f3w <span class=\"_ _60\"> </span>planowanych <span class=\"_ _60\"> </span>wy<span class=\"_ _3\"></span>p\u0142yw\u00f3w <span class=\"_ _60\"> </span>\u015brodk\u00f3w finansowych, <span class=\"_ _5e\"> </span>oraz <span class=\"_ _67\"> </span>w <span class=\"_ _5e\"> </span>przypadku <span class=\"_ _5e\"> </span>braku <span class=\"_ _67\"> </span>obligacji skarbowych o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w <span class=\"_ _60\"> </span>planowanych <span class=\"_ _60\"> </span>wy<span class=\"_ _3\"></span>p\u0142yw\u00f3w <span class=\"_ _60\"> </span>\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _64\"> </span>no<span class=\"_ _2\"></span>minalna <span class=\"_ _64\"> </span>stopa <span class=\"_ _64\"> </span>procentowa <span class=\"_ _62\"> </span>jest ustalana <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>po<span class=\"_ _2\"></span>dstawi<span class=\"_ _3\"></span>e <span class=\"_ _62\"> </span>pro<span class=\"_ _3\"></span>fesjonalnego <span class=\"_ _64\"> </span>os\u0105du Kierownictwa <span class=\"_ _59\"> </span>Jednostki <span class=\"_ _5a\"> </span>Dominuj\u0105cej <span class=\"_ _5a\"> </span>opartego <span class=\"_ _59\"> </span>na sp\u00f3jno\u015bci <span class=\"_ _63\"> </span>przyjmowanych <span class=\"_ _63\"> </span>za\u0142o\u017ce\u0144. <span class=\"_ _63\"> </span>W <span class=\"_ _63\"> </span>G<span class=\"_ _2\"></span>rupie<span class=\"_ _3\"></span> Kapita\u0142owej  KGHM <span class=\"_ _146\"> </span>INTERNATIONAL  L<span class=\"_ _2\"></span>TD.  to <span class=\"_ _57\"> </span>stopa zwrotu <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>inwestycji <span class=\"_ _1\"> </span>w dziesi\u0119ci<span class=\"_ _3\"></span>o- <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>dwudziestoletnie bony <span class=\"_ _37\"> </span>skarbowe <span class=\"_ _37\"> </span>Federalnej <span class=\"_ _37\"> </span>Rezerwy <span class=\"_ _37\"> </span>Stan\u00f3w W <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>Jednostka <span class=\"_ _1\"> </span>Dominuj\u0105ca<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>zrewidowa\u0142a <span class=\"_ _1\"> </span>swoje <span class=\"_ _1\"> </span>podej\u015bcie w zakresie <span class=\"_ _5e\"> </span>st\u00f3p <span class=\"_ _67\"> </span>dyskonta <span class=\"_ _5e\"> </span>stosowanych <span class=\"_ _67\"> </span>do <span class=\"_ _5e\"> </span>wyceny <span class=\"_ _67\"> </span>rez<span class=\"_ _3\"></span>erw \u015brodowiskowych. <span class=\"_ _54\"> </span>Na <span class=\"_ _54\"> </span>koniec <span class=\"_ _55\"> </span>okresu <span class=\"_ _54\"> </span>sprawozdawczego, <span class=\"_ _54\"> </span>przy rentowno\u015bci <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>bligacji <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>poziomie <span class=\"_ _1\"> </span>+/-6,845% <span class=\"_ _0\"> </span>i <span class=\"_ _74\"> </span>inflacji <span class=\"_ _1\"> </span>+/-13,1% (na <span class=\"_ _1\"> </span>koniec <span class=\"_ _74\"> </span>okresu <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>r\u00f3wn<span class=\"_ _3\"></span>ywalnego <span class=\"_ _1\"> </span>odpowiednio <span class=\"_ _1\"> </span>+/-3,6% <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>+/-<span class=\"_ _192\"> </span>7,6%) <span class=\"_ _57\"> </span>Jednostka <span class=\"_ _59\"> </span>Dominuj\u0105ca <span class=\"_ _146\"> </span>otrzyma\u0142a <span class=\"_ _57\"> </span>i <span class=\"_ _59\"> </span>zastosowa\u0142a <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>lat 2022 - 2023 uje<span class=\"_ _2\"></span>mn\u0105 realn\u0105 stop\u0119 dy<span class=\"_ _2\"></span>skontow\u0105 wynosz\u0105c\u0105 -5,53%<span class=\"_ _3\"></span> zamiast <span class=\"_ _1\"> </span>stopy<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>poziomie <span class=\"_ _1\"> </span>0%. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>kole<span class=\"_ _2\"></span>jnych <span class=\"_ _1\"> </span>dw\u00f3ch <span class=\"_ _74\"> </span>okres\u00f3w wyceny <span class=\"_ _5a\"> </span>tj. <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>2024 <span class=\"_ _5a\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>oraz <span class=\"_ _5a\"> </span>2025 <span class=\"_ _5a\"> </span>r. <span class=\"_ _54\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105ca<span class=\"_ _3\"></span> przyj\u0119\u0142a <span class=\"_ _53\"></span>stopy <span class=\"_ _0\"></span>inflacji <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>poziomie <span class=\"_ _53\"></span>zgodnym <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>prognoz\u0105 <span class=\"_ _53\"></span>NBP <span class=\"_ _0\"></span>tj. 5,9%  o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>3,5% <span class=\"_ _57\"> </span>odpowiednio, <span class=\"_ _57\"> </span>a <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>nast\u0119pnych <span class=\"_ _57\"> </span>okres\u00f3w <span class=\"_ _57\"> </span>po prognozie N<span class=\"_ _2\"></span>BP na <span class=\"_ _2\"></span>poziomie <span class=\"_ _2\"></span>2,5%, zgodnym <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>d\u0142ugoterminowym<span class=\"_ _3\"></span> celem <span class=\"_ _54\"> </span>inflacyjnym. <span class=\"_ _54\"> </span>Ponadto, <span class=\"_ _54\"> </span>dla <span class=\"_ _54\"> </span>pierwszych <span class=\"_ _54\"> </span>10 <span class=\"_ _54\"> </span>lat <span class=\"_ _54\"> </span>wyceny rezerwy (tj. do 2032<span class=\"_ _3\"></span> r.) przyj\u0119ta zosta\u0142a stopa wolna od ryzyka na poziomie <span class=\"_ _67\"> </span>6,845% <span class=\"_ _67\"> </span>(wycena <span class=\"_ _67\"> </span>10-letnich <span class=\"_ _67\"> </span>obligacji <span class=\"_ _67\"> </span>skarbowych) w zwi\u0105zku <span class=\"_ _55\"> </span>z <span class=\"_ _67\"> </span>faktem, <span class=\"_ _5e\"> </span>i\u017c <span class=\"_ _5e\"> </span>jest <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>o <span class=\"_ _5e\"> </span>jedyna <span class=\"_ _5e\"> </span>dost\u0119pna <span class=\"_ _5e\"> </span>rynkowo informacja  o <span class=\"_ _57\"> </span>poziomie <span class=\"_ _57\"> </span>stopy  wolnej <span class=\"_ _57\"> </span>od <span class=\"_ _57\"> </span>ryzyka  dla <span class=\"_ _57\"> </span>kolejnych 10 lat  i,  zgodnie  z  przyj\u0119tym <span class=\"_ _74\"> </span>os\u0105dem,  stopa  ta  nie  podlega\u0142a modyfikacji. <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>b\u0119dzie <span class=\"_ _0\"></span>dostosowywa\u0107 <span class=\"_ _2\"></span>stop\u0119 woln\u0105 <span class=\"_ _74\"> </span>od  ryz<span class=\"_ _3\"></span>yka <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>poziomu <span class=\"_ _74\"> </span>tej  st<span class=\"_ _3\"></span>opy <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>g\u0142aszaneg<span class=\"_ _3\"></span>o  na <span class=\"_ _1\"> </span>ka\u017cdy kolejny <span class=\"_ _64\"> </span>dzie\u0144 <span class=\"_ _64\"> </span>ko\u0144cz\u0105cy <span class=\"_ _64\"> </span>okres <span class=\"_ _64\"> </span>sprawozdaw<span class=\"_ _3\"></span>czy <span class=\"_ _64\"> </span>dla <span class=\"_ _64\"> </span>cel\u00f3w dokonania wyceny rez<span class=\"_ _3\"></span>erwy na te<span class=\"_ _3\"></span> dni. Z <span class=\"_ _57\"> </span>kolei <span class=\"_ _59\"> </span>bior\u0105c <span class=\"_ _57\"> </span>pod <span class=\"_ _59\"> </span>uwag\u0119 <span class=\"_ _146\"> </span>du\u017c\u0105 <span class=\"_ _59\"> </span>zmienno\u015b\u0107 <span class=\"_ _57\"> </span>stopy <span class=\"_ _57\"> </span>wolnej <span class=\"_ _59\"> </span>od<span class=\"_ _3\"></span> ryzyka, <span class=\"_ _54\"> </span>jaka <span class=\"_ _5a\"> </span>mia\u0142a <span class=\"_ _54\"> </span>miejsce <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>ostatnim <span class=\"_ _54\"> </span>okresie, <span class=\"_ _54\"> </span>opar<span class=\"_ _3\"></span>tej <span class=\"_ _54\"> </span>na notowaniach <span class=\"_ _24\"> </span>10-letnich <span class=\"_ _65\"> </span>obligacji <span class=\"_ _37\"> </span>skarbowych,<span class=\"_ _3\"></span> <span class=\"_ _24\"> </span>J<span class=\"_ _2\"></span>ednostka<span class=\"_ _3\"></span> Dominuj\u0105ca <span class=\"_ _146\"> </span>zastosowa\u0142a <span class=\"_ _57\"> </span>profesjonalny <span class=\"_ _146\"> </span>os\u0105d <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>ustalenia <span class=\"_ _57\"> </span>tej stopy <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>wyceny <span class=\"_ _57\"> </span>rezerw <span class=\"_ _57\"> </span>\u015brodowiskowych  przypadaj\u0105cych <span class=\"_ _57\"> </span>po okresie <span class=\"_ _2\"></span>10 <span class=\"_ _2\"></span>lat <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>dnia <span class=\"_ _2\"></span>ko\u0144cz\u0105cego roczny <span class=\"_ _2\"></span>okres <span class=\"_ _2\"></span>sprawozdawczy,<span class=\"_ _3\"></span> opieraj\u0105c <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>history<span class=\"_ _3\"></span>cznej <span class=\"_ _59\"> </span>obserwacji <span class=\"_ _59\"> </span>stosunk<span class=\"_ _3\"></span>u <span class=\"_ _59\"> </span>wysoko\u015bci stopy <span class=\"_ _5d\"> </span>wolnej <span class=\"_ _69\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _5d\"> </span>ryzyka <span class=\"_ _69\"> </span>do <span class=\"_ _5d\"> </span>wysoko\u015bci <span class=\"_ _5d\"> </span>zak\u0142adaneg<span class=\"_ _3\"></span>o <span class=\"_ _5d\"> </span>celu inflacyjnego. <span class=\"_ _37\"> </span>W <span class=\"_ _37\"> </span>wyniku <span class=\"_ _37\"> </span>dokonaneg<span class=\"_ _3\"></span>o <span class=\"_ _37\"> </span>os\u0105du <span class=\"_ _37\"> </span>Jednostka Dominuj\u0105ca <span class=\"_ _62\"> </span>przyj\u0119\u0142a <span class=\"_ _62\"> </span>do <span class=\"_ _62\"> </span>wyc<span class=\"_ _3\"></span>eny <span class=\"_ _62\"> </span>rezerw <span class=\"_ _62\"> </span>\u015brodowiskowych<span class=\"_ _3\"></span> przypadaj\u0105cych  p<span class=\"_ _3\"></span>o  okresie  10<span class=\"_ _3\"></span>  lat  od  dnia <span class=\"_ _74\"> </span>ko<span class=\"_ _2\"></span>\u0144cz\u0105ce<span class=\"_ _3\"></span>go  roczny sprawozdawczy <span class=\"_ _54\"> </span>stop\u0119 <span class=\"_ _54\"> </span>woln\u0105 <span class=\"_ _54\"> </span>od <span class=\"_ _54\"> </span>ryzyka <span class=\"_ _55\"> </span>na <span class=\"_ _54\"> </span>poziomie <span class=\"_ _54\"> </span>3,5%, co prze\u0142o\u017cy\u0142o si\u0119 na r<span class=\"_ _3\"></span>ealn\u0105 stop\u0119 dyskon<span class=\"_ _3\"></span>ta w wysoko\u015bci 0,9<span class=\"_ _3\"></span>8%.  Dla <span class=\"_ _0\"></span>oszacowania <span class=\"_ _53\"></span>rezerwy <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"></span>likwidacji <span class=\"_ _0\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>obiekt\u00f3w<span class=\"_ _3\"></span> technologicznych po\u0142o\u017conych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>Stanach <span class=\"_ _2\"></span>Zjednoczonych Ameryki oraz <span class=\"_ _5a\"> </span>w <span class=\"_ _59\"> </span>Kanadzie <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>okresie <span class=\"_ _5a\"> </span>bie\u017c\u0105cym <span class=\"_ _59\"> </span>przyj\u0119to <span class=\"_ _5a\"> </span>realn\u0105 <span class=\"_ _5a\"> </span>stop\u0119<span class=\"_ _3\"></span> dyskonta <span class=\"_ _59\"> </span>na <span class=\"_ _5a\"> </span>pozi<span class=\"_ _3\"></span>omie <span class=\"_ _5a\"> </span>od <span class=\"_ _59\"> </span>1,19% <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>1,67% <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>zale\u017cno\u015bci <span class=\"_ _59\"> </span>od kopalni. <span class=\"_ _67\"> </span>W <span class=\"_ _67\"> </span>okresie <span class=\"_ _67\"> </span>por\u00f3wnyw<span class=\"_ _3\"></span>alnym <span class=\"_ _67\"> </span>przyj\u0119to <span class=\"_ _67\"> </span>realn\u0105 <span class=\"_ _67\"> </span>stop\u0119 dyskonta na <span class=\"_ _2\"></span>poziomie 0% <span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>wzgl\u0119du na <span class=\"_ _2\"></span>utrzymuj\u0105cy si\u0119 <span class=\"_ _2\"></span>poziom inflacji na poziomi<span class=\"_ _3\"></span>e nominalnej stopy dysk<span class=\"_ _3\"></span>onta.  W <span class=\"_ _57\"> </span>zakresie <span class=\"_ _59\"> </span>koszt\u00f3w <span class=\"_ _146\"> </span>niekt\u00f3rych <span class=\"_ _57\"> </span>prac <span class=\"_ _57\"> </span>re<span class=\"_ _2\"></span>alizowanych <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>rakcie<span class=\"_ _3\"></span> eksploatacji <span class=\"_ _59\"> </span>kopalni <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>dkrywko<span class=\"_ _3\"></span>wych, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _59\"> </span>jednocze\u015bnie <span class=\"_ _59\"> </span>s\u0142u\u017c\u0105<span class=\"_ _192\"> </span>rekultywacji <span class=\"_ _53\"></span>wyrobisk,<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>dokona\u0142a <span class=\"_ _53\"></span>os\u0105du, <span class=\"_ _53\"></span>uznaj\u0105c <span class=\"_ _53\"></span>\u017ce <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>szty<span class=\"_ _192\"> </span>Zjednoczonych<span class=\"_ _192\"> </span>Ameryki<span class=\"_ _192\"> </span>oraz <span class=\"_ _51\"> </span>stopa <span class=\"_ _51\"> </span>zwrotu z inwestycji <span class=\"_ _6a\"> </span>w pi\u0119cioletnie <span class=\"_ _6a\"> </span>obligacje <span class=\"_ _6a\"> </span>rz\u0105dowe emitowane przez <span class=\"_ _3\"></span>rz\u0105dy Kanady i Ch<span class=\"_ _3\"></span>ile. - <span class=\"_ _146\"> </span>st<span class=\"_ _2\"></span>opa <span class=\"_ _146\"> </span>inflacji <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>parta  jest <span class=\"_ _57\"> </span>na <span class=\"_ _146\"> </span>pro<span class=\"_ _2\"></span>gnozie  przysz\u0142ej inflacji <span class=\"_ _59\"> </span>stosowanej <span class=\"_ _5a\"> </span>przy <span class=\"_ _59\"> </span>kalkulacji <span class=\"_ _59\"> </span>zobowi\u0105za\u0144 <span class=\"_ _59\"> </span>na przysz\u0142e \u015bwiadczenia pr<span class=\"_ _3\"></span>acownicze. Zmiana <span class=\"_ _5d\"> </span>st<span class=\"_ _2\"></span>opy <span class=\"_ _64\"> </span>dysk<span class=\"_ _3\"></span>onta <span class=\"_ _64\"> </span>lub <span class=\"_ _5d\"> </span>szaco<span class=\"_ _2\"></span>wanego <span class=\"_ _5d\"> </span>kosztu likwidacji <span class=\"_ _57\"> </span>koryguje <span class=\"_ _57\"> </span>warto\u015b\u0107 <span class=\"_ _57\"> </span>\u015brodka <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>rwa\u0142ego, <span class=\"_ _57\"> </span>kt\u00f3rego dotyczy, <span class=\"_ _2\"></span>chyba \u017ce <span class=\"_ _2\"></span>przekracza <span class=\"_ _2\"></span>warto\u015b\u0107 bilansow\u0105 <span class=\"_ _2\"></span>\u015brodka trwa\u0142ego, <span class=\"_ _6a\"> </span>w\u00f3wczas <span class=\"_ _35\"> </span>nadwy\u017cka <span class=\"_ _6a\"> </span>ujmowana <span class=\"_ _6a\"> </span>je<span class=\"_ _2\"></span>st w pozosta\u0142ych przych<span class=\"_ _3\"></span>odach operacyjnych.<span class=\"_ _3\"></span> Wzrost <span class=\"_ _74\"> </span>rezerwy  z<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>tytu\u0142u  up\u0142<span class=\"_ _3\"></span>ywu <span class=\"_ _74\"> </span>czasu <span class=\"_ _74\"> </span>ujmo<span class=\"_ _2\"></span>wany <span class=\"_ _74\"> </span>jest w kosztach finans<span class=\"_ _3\"></span>owych. W <span class=\"_ _67\"> </span>ramach <span class=\"_ _67\"> </span>rezerwy <span class=\"_ _67\"> </span>na <span class=\"_ _5e\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _67\"> </span>likwidacji <span class=\"_ _67\"> </span>zak\u0142ad\u00f3w<span class=\"_ _3\"></span> g\u00f3rniczych <span class=\"_ _24\"> </span>i <span class=\"_ _37\"> </span>innych <span class=\"_ _37\"> </span>o<span class=\"_ _2\"></span>biekt\u00f3w <span class=\"_ _24\"> </span>te<span class=\"_ _2\"></span>chnolo<span class=\"_ _3\"></span>gicznych prezentowane <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>saldo <span class=\"_ _74\"> </span>Funduszu <span class=\"_ _74\"> </span>Likwidacji <span class=\"_ _74\"> </span>Zak\u0142adu G\u00f3rniczego <span class=\"_ _37\"> </span>(FLZG) <span class=\"_ _6c\"> </span>oraz <span class=\"_ _37\"> </span>Funduszu <span class=\"_ _6c\"> </span>Rekultywacji Sk\u0142adowisk <span class=\"_ _6b\"> </span>Odpad\u00f3w <span class=\"_ _6b\"> </span>(FRSO), <span class=\"_ _6b\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _6b\"> </span>Je<span class=\"_ _2\"></span>dnostka<span class=\"_ _3\"></span> Dominuj\u0105ca <span class=\"_ _74\"> </span>tworzy <span class=\"_ _74\"> </span>na  m<span class=\"_ _3\"></span>ocy <span class=\"_ _58\"> </span>odr\u0119bnych <span class=\"_ _74\"> </span>przepis\u00f3w <span class=\"_ _74\"> </span>tj. Ustawy  z  dnia <span class=\"_ _146\"> </span>9 <span class=\"_ _146\"> </span>czerwca <span class=\"_ _146\"> </span>2011  r. <span class=\"_ _146\"> </span>Prawo <span class=\"_ _146\"> </span>geologic<span class=\"_ _2\"></span>zne<span class=\"_ _3\"></span> i g\u00f3rnicze <span class=\"_ _54\"> </span>oraz <span class=\"_ _54\"> </span>Ustawy <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>dnia <span class=\"_ _54\"> </span>14 <span class=\"_ _54\"> </span>grudnia <span class=\"_ _5a\"> </span>2012 <span class=\"_ _54\"> </span>r.<span class=\"_ _2\"></span> o odpadach, <span class=\"_ _5f\"> </span>odpowiednio. <span class=\"_ _5f\"> </span>Rol\u0105 <span class=\"_ _5f\"> </span>Funduszy <span class=\"_ _5f\"> </span>jest zabezpieczenie <span class=\"_ _64\"> </span>\u015brodk\u00f3w <span class=\"_ _62\"> </span>p<span class=\"_ _3\"></span>ieni\u0119\u017cnych <span class=\"_ _62\"> </span>na <span class=\"_ _64\"> </span>potrzeby<span class=\"_ _3\"></span> przysz\u0142ej <span class=\"_ _24\"> </span>realizacji <span class=\"_ _24\"> </span>przez <span class=\"_ _24\"> </span>Jednostk\u0119 <span class=\"_ _24\"> </span>Dominuj\u0105c\u0105 obowi\u0105zk\u00f3w <span class=\"_ _67\"> </span>zwi\u0105zanych <span class=\"_ _67\"> </span>z <span class=\"_ _69\"> </span>zamkni\u0119ciem, <span class=\"_ _67\"> </span>likwidacj\u0105 i rekultywacj\u0105 <span class=\"_ _63\"> </span>zak\u0142ad\u00f3w <span class=\"_ _65\"> </span>g\u00f3rniczych <span class=\"_ _63\"> </span>i <span class=\"_ _65\"> </span>sk\u0142adowisk<span class=\"_ _3\"></span> odpad\u00f3w, <span class=\"_ _5b\"> </span>poprzez <span class=\"_ _63\"> </span>ich <span class=\"_ _63\"> </span>gromadzenie <span class=\"_ _5b\"> </span>w <span class=\"_ _63\"> </span>spos\u00f3b przewidziany przepi<span class=\"_ _3\"></span>sami ustaw.<span class=\"_ _192\"> </span>W <span class=\"_ _53\"></span>przypadku <span class=\"_ _53\"></span>F<span class=\"_ _2\"></span>LZG <span class=\"_ _53\"></span>Je<span class=\"_ _2\"></span>dnostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>wyodr\u0119bni\u0142a bankowy <span class=\"_ _5e\"> </span>rachunek <span class=\"_ _5e\"> </span>\u015brodk\u00f3w <span class=\"_ _55\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017cnych, <span class=\"_ _55\"> </span>na <span class=\"_ _5e\"> </span>kt\u00f3ry odprowadza <span class=\"_ _5c\"> </span>\u015brodki <span class=\"_ _51\"> </span>pieni\u0119<span class=\"_ _3\"></span>\u017cne <span class=\"_ _51\"> </span>w <span class=\"_ _5c\"> </span>wysoko\u015bci r\u00f3wnowarto\u015bci <span class=\"_ _56\"> </span>3% <span class=\"_ _5b\"> </span>o<span class=\"_ _2\"></span>dpis\u00f3w <span class=\"_ _56\"> </span>amortyzacyjnych <span class=\"_ _5b\"> </span>od \u015brodk\u00f3w <span class=\"_ _67\"> </span>trwa\u0142ych <span class=\"_ _5e\"> </span>zak\u0142ad\u00f3w <span class=\"_ _67\"> </span>g\u00f3rniczych, <span class=\"_ _67\"> </span>ustalanych<span class=\"_ _3\"></span> stosownie <span class=\"_ _14b\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _14b\"> </span>przepis\u00f3w <span class=\"_ _6b\"> </span>ust<span class=\"_ _2\"></span>awy <span class=\"_ _6b\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _14b\"> </span>podatk<span class=\"_ _3\"></span>u dochodowym. <span class=\"_ _0\"></span>Szcz<span class=\"_ _3\"></span>eg\u00f3\u0142y <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>temat <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"></span>kredytow<span class=\"_ _3\"></span>ego zwi\u0105zanego <span class=\"_ _74\"> </span>ze  \u015brodkami <span class=\"_ _74\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017c<span class=\"_ _3\"></span>nymi  zgromadzon<span class=\"_ _3\"></span>ymi na <span class=\"_ _5c\"> </span>wyodr\u0119bnionym <span class=\"_ _5c\"> </span>rachunku <span class=\"_ _5c\"> </span>FLZG <span class=\"_ _5c\"> </span>zosta\u0142y zaprezentowane w<span class=\"_ _3\"></span> Nocie 7.5.2.4. W przypadku FRSO Jednostka Dominuj\u0105ca, w lipcu 2022 roku, <span class=\"_ _0\"></span>dokona\u0142a <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>formy <span class=\"_ _0\"> </span>zabezpieczenia <span class=\"_ _1\"> </span>\u015brodk\u00f3w<span class=\"_ _3\"></span> finansowych <span class=\"_ _74\"> </span>tego <span class=\"_ _74\"> </span>Funduszu <span class=\"_ _74\"> </span>zast\u0119puj\u0105c <span class=\"_ _74\"> </span>wyodr\u0119bniony rachunek <span class=\"_ _51\"> </span>bankowy <span class=\"_ _51\"> </span>gwara<span class=\"_ _3\"></span>ncjami <span class=\"_ _51\"> </span>finansowymi<span class=\"_ _3\"></span> wystawianymi <span class=\"_ _62\"> </span>przez <span class=\"_ _62\"> </span>bank <span class=\"_ _61\"> </span>na <span class=\"_ _61\"> </span>zlecenie <span class=\"_ _61\"> </span>Jednostki<span class=\"_ _3\"></span> Dominuj\u0105cej, <span class=\"_ _56\"> </span>kt\u00f3rych <span class=\"_ _56\"> </span>Jednostka <span class=\"_ _56\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105ca <span class=\"_ _56\"> </span>jest jednocze\u015bnie <span class=\"_ _2\"></span>beneficjentem<span class=\"_ _3\"></span>. <span class=\"_ _53\"></span>Wysoko\u015b\u0107 gwarancji <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>31 grudnia  2022  r.  wyni<span class=\"_ _3\"></span>os\u0142a  98  mln  PLN,  a  ich  wart<span class=\"_ _3\"></span>o\u015b\u0107 podlega <span class=\"_ _59\"> </span>aktualiza<span class=\"_ _3\"></span>cji <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>okresac<span class=\"_ _3\"></span>h <span class=\"_ _59\"> </span>rocznych. <span class=\"_ _59\"> </span>Jednostka<span class=\"_ _3\"></span> Dominuj\u0105ca <span class=\"_ _66\"> </span>d\u0105\u017cy <span class=\"_ _66\"> </span>do <span class=\"_ _175\"> </span>osi\u0105gni\u0119cia <span class=\"_ _66\"> </span>pe\u0142nego zabezpieczenia <span class=\"_ _113\"> </span>\u015brodk\u00f3w <span class=\"_ _113\"> </span>na <span class=\"_ _171\"> </span>rekultywacj\u0119 poszczeg\u00f3lnych <span class=\"_ _37\"> </span>sk\u0142adowisk <span class=\"_ _6c\"> </span>w <span class=\"_ _6c\"> </span>roku, <span class=\"_ _6c\"> </span>na <span class=\"_ _6c\"> </span>kt\u00f3ry harmonogram <span class=\"_ _64\"> </span>likwidacji <span class=\"_ _64\"> </span>i <span class=\"_ _64\"> </span>rekultywacji <span class=\"_ _64\"> </span>przewiduje zamkni\u0119cie <span class=\"_ _5e\"> </span>danego <span class=\"_ _5e\"> </span>sk\u0142adowiska <span class=\"_ _5e\"> </span>odpad\u00f3w, <span class=\"_ _5e\"> </span>poprzez systematyczne zwi<span class=\"_ _3\"></span>\u0119kszanie warto\u015bci tych g<span class=\"_ _3\"></span>warancji. te <span class=\"_ _62\"> </span>maj\u0105 <span class=\"_ _62\"> </span>przed<span class=\"_ _3\"></span>e <span class=\"_ _62\"> </span>wszystkim <span class=\"_ _64\"> </span>charakter <span class=\"_ _62\"> </span>bie\u017c\u0105cych <span class=\"_ _62\"> </span>koszt<span class=\"_ _3\"></span>\u00f3w produkcyjnych, <span class=\"_ _64\"> </span>gdy\u017c <span class=\"_ _62\"> </span>dzia\u0142ania <span class=\"_ _64\"> </span>te<span class=\"_ _2\"></span> <span class=\"_ _62\"> </span>w <span class=\"_ _62\"> </span>p<span class=\"_ _3\"></span>ierwszej <span class=\"_ _62\"> </span>kolejno\u015b<span class=\"_ _3\"></span>ci warunkuj\u0105 <span class=\"_ _65\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _65\"> </span>ekspl<span class=\"_ _3\"></span>oatacj\u0119 <span class=\"_ _65\"> </span>kopalni <span class=\"_ _65\"> </span>i <span class=\"_ _65\"> </span>generowanie<span class=\"_ _3\"></span> przychod\u00f3w, <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>ich <span class=\"_ _57\"> </span>skutkiem <span class=\"_ _59\"> </span>d<span class=\"_ _3\"></span>rugorz\u0119dnym <span class=\"_ _57\"> </span>jest <span class=\"_ _59\"> </span>wykonywana<span class=\"_ _3\"></span> rekultywacja. <span class=\"_ _67\"> </span>W <span class=\"_ _67\"> </span>zwi\u0105z<span class=\"_ _3\"></span>ku <span class=\"_ _67\"> </span>z <span class=\"_ _67\"> </span>tym <span class=\"_ _67\"> </span>koszty <span class=\"_ _67\"> </span>takich <span class=\"_ _67\"> </span>dzia\u0142a\u0144 <span class=\"_ _67\"> </span>nie s\u0105 uwzgl\u0119dniane w <span class=\"_ _3\"></span>wycenie rezerwy r<span class=\"_ _3\"></span>ekultywacyjnej. od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span>  do 31.12.2021<span class=\"_ _3\"></span> Stan rezerw n<span class=\"_ _3\"></span>a pocz\u0105tek okresu sp<span class=\"_ _3\"></span>rawozdawczego  1 552<span class=\"_ _192\"> </span>1 884<span class=\"_ _192\"> </span>Nota 9.1 Zmiany szacunk\u00f3w <span class=\"_ _3\"></span>odniesione w \u015brodki trw<span class=\"_ _3\"></span>a\u0142e ( 42)<span class=\"_ _192\"> </span>( 356)<span class=\"_ _192\"> </span>Reklasyfikacja salda <span class=\"_ _3\"></span>Funduszu Likwida<span class=\"_ _3\"></span>cji Zak\u0142adu G\u00f3rnicz<span class=\"_ _3\"></span>ego i Funduszu Rekul<span class=\"_ _3\"></span>tywacji Sk\u0142adowisk Odp<span class=\"_ _3\"></span>ad\u00f3w*  496<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Zmiany z tytu\u0142u utra<span class=\"_ _3\"></span>ty kontroli nad <span class=\"_ _3\"></span>jednostkami zale\u017cnymi<span class=\"_ _3\"></span> ( 91)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Pozosta\u0142e ( 22) 24<span class=\"_ _192\"> </span>Stan rezerw n<span class=\"_ _3\"></span>a koniec okresu sp<span class=\"_ _3\"></span>rawozdawczego, z tego:<span class=\"_ _3\"></span> 1 893<span class=\"_ _192\"> </span>1 552 - rezerwy d\u0142ugot<span class=\"_ _3\"></span>erminowe, z tego:<span class=\"_ _3\"></span> 1 859<span class=\"_ _192\"> </span>1 531   wykazan<span class=\"_ _3\"></span>e w ramach zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>wi\u0105zanych z grup\u0105             zbycia - 289<span class=\"_ _192\"> </span>wykazane jako \u201erezerwy na <span class=\"_ _3\"></span>koszty likwidacji kopal\u0144           i innych <span class=\"_ _3\"></span>obiekt\u00f3w technolo<span class=\"_ _3\"></span>gicznych\" 1 859<span class=\"_ _192\"> </span>1 242 - rezerwy kr\u00f3tkotermin<span class=\"_ _3\"></span>owe, z tego:  34 21<span class=\"_ _192\"> </span>wykazane w ram<span class=\"_ _3\"></span>ach zobowi\u0105za\u0144 zwi\u0105z<span class=\"_ _3\"></span>anych z grup\u0105           <span class=\"_ _3\"></span>zbycia - 1   wykazan<span class=\"_ _3\"></span>e jako \u201erezerwy na zobowi\u0105zania <span class=\"_ _3\"></span>i inne            <span class=\"_ _3\"></span>obci\u0105\u017cenia\"  34 20<span class=\"_ _192\"> </span>*<span class=\"_ _192\"> </span>Zmiana <span class=\"_ _53\"></span>prezentacji<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>rezentacj\u0119 <span class=\"_ _2\"></span>\u0142<span class=\"_ _2\"></span>\u0105cznie <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>d\u0142ugote<span class=\"_ _2\"></span>rminow\u0105 <span class=\"_ _2\"></span>cz\u0119<span class=\"_ _2\"></span>\u015bci\u0105 <span class=\"_ _2\"></span>Reze<span class=\"_ _2\"></span>rwy <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>kosz<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>likwid<span class=\"_ _2\"></span>acji <span class=\"_ _2\"></span>kopa<span class=\"_ _2\"></span>l\u0144 <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>nnych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>biekt\u00f3w<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>wynika\u0142<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>miany os\u0105du w<span class=\"_ _2\"></span> zakresie okre<span class=\"_ _2\"></span>su oczekiwanych<span class=\"_ _2\"></span> wyp\u0142yw\u00f3w \u015brod<span class=\"_ _2\"></span>k\u00f3w pieni\u0119\u017cny<span class=\"_ _2\"></span>ch z funduszu. Wp\u0142yw zmiany s<span class=\"_ _3\"></span>topy dyskonta na s<span class=\"_ _3\"></span>aldo rezerwy na kos<span class=\"_ _3\"></span>zty likwidacji <span class=\"_ _3\"></span>kopal\u0144 i innych obiekt\u00f3w techn<span class=\"_ _3\"></span>ologicznych Stan na Stan na 31.12.2022 <span class=\"_ _153\"> </span>31.12<span class=\"_ _3\"></span>.2021 wzrost stopy dysk<span class=\"_ _3\"></span>onta o 1 p.p. <span class=\"_ _176\"> </span><span class=\"fc4\"> </span>( 341)<span class=\"_ _192\"> </span>( 338)<span class=\"_ _192\"> </span>obni\u017cenie stopy dysk<span class=\"_ _3\"></span>onta o 1 p.p. <span class=\"_ _177\"> </span><span class=\"fc4\"> </span> 795<span class=\"_ _192\"> </span>4*<span class=\"_ _192\"> </span>* Przy za\u0142o<span class=\"_ _2\"></span>\u017ceniu, ze sto<span class=\"_ _2\"></span>pa dyskonta n<span class=\"_ _2\"></span>ie mo\u017ce spa<span class=\"_ _2\"></span>\u015b\u0107 poni\u017cej pozio<span class=\"_ _2\"></span>m 0%. Nota 9.5 Aktywow<span class=\"_ _3\"></span>ane koszty fi<span class=\"_ _3\"></span>nansowania zewn\u0119trznego<span class=\"_ _3\"></span> W o<span class=\"_ _2\"></span>kresie od <span class=\"_ _2\"></span>1 st<span class=\"_ _2\"></span>ycznia 2022 r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>31 grudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>uj\u0119\u0142a w <span class=\"_ _2\"></span>aktywach rzeczowyc<span class=\"_ _2\"></span>h i <span class=\"_ _2\"></span>niematerialnych 228 mln <span class=\"_ _2\"></span>PLN koszt\u00f3w finansowan<span class=\"_ _3\"></span>ia zewn\u0119trznego. W o<span class=\"_ _2\"></span>kresie od <span class=\"_ _2\"></span>1 st<span class=\"_ _2\"></span>ycznia 2021 r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>31 grudnia 2021 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>uj\u0119\u0142a w <span class=\"_ _2\"></span>aktywach rzeczowyc<span class=\"_ _2\"></span>h i <span class=\"_ _2\"></span>niematerialnych 173 mln <span class=\"_ _2\"></span>PLN koszt\u00f3w finansowan<span class=\"_ _3\"></span>ia zewn\u0119trznego. Stopa kapitalizacji <span class=\"_ _2\"></span>zastosowana przez Grup\u0119 <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>ustalenia koszt\u00f3w finansowania <span class=\"_ _2\"></span>zewn\u0119trz<span class=\"_ _3\"></span>nego <span class=\"_ _2\"></span>za 2022 <span class=\"_ _2\"></span>r. wynio<span class=\"_ _2\"></span>s\u0142a 4,45%, za 2021<span class=\"_ _3\"></span> r. 2,98%. Nota 9.6 Warto\u015b\u0107 b<span class=\"_ _3\"></span>ilansowa aktyw<span class=\"_ _3\"></span>\u00f3w sp\u00f3\u0142ek Grupy Kapit<span class=\"_ _3\"></span>a\u0142owej stanowi\u0105ca zabe<span class=\"_ _3\"></span>zpieczenie sp<span class=\"_ _3\"></span>\u0142aty zobowi\u0105za\u0144  Stan na 31.12.2022 <span class=\"_ _35\"> </span> Stan na 31.12.2021 Budynki i budowle <span class=\"_ _3\"></span> 136<span class=\"_ _192\"> </span>308<span class=\"_ _192\"> </span>Urz\u0105dzenia techniczn<span class=\"_ _3\"></span>e i maszyny 33 38<span class=\"_ _192\"> </span>Grunty  8<span class=\"_ _192\"> </span>6<span class=\"_ _192\"> </span>Razem  177 352<span class=\"_ _192\"> </span>Warto\u015b\u0107 <span class=\"_ _0\"></span>bilansowa <span class=\"_ _0\"></span>aktyw\u00f3w <span class=\"_ _1\"> </span>sta<span class=\"_ _3\"></span>nowi\u0105cych <span class=\"_ _0\"></span>zabezpieczenie <span class=\"_ _0\"></span>sp\u0142aty <span class=\"_ _0\"> </span>zobowi\u0105za\u0144 <span class=\"_ _0\"> </span>finansowych <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. wynosi <span class=\"_ _57\"> </span>177 <span class=\"_ _59\"> </span>mln <span class=\"_ _57\"> </span>PLN, <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>tym <span class=\"_ _146\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>bilansowa <span class=\"_ _57\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>ustanowionych <span class=\"_ _57\"> </span>jako <span class=\"_ _59\"> </span>zabezpieczen<span class=\"_ _3\"></span>ie <span class=\"_ _59\"> </span>sp\u0142aty <span class=\"_ _57\"> </span>finansowania zewn\u0119trznego <span class=\"_ _53\"></span>sp\u00f3\u0142ek <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>wynosi <span class=\"_ _0\"></span>117 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(na dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2021 r. odpowiedni<span class=\"_ _3\"></span>o 352 mln PLN i 21<span class=\"_ _3\"></span>7 mln PLN). Nota 9.7 Ujawnienia d<span class=\"_ _3\"></span>otycz\u0105ce l<span class=\"_ _3\"></span>easingu \u2013 Grupa jako leasing<span class=\"_ _3\"></span>obiorca Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Grupa <span class=\"_ _2\"></span>jako <span class=\"_ _53\"></span>leasingobiorca, ide<span class=\"_ _2\"></span>ntyfikuj<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>leasing <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>umowach <span class=\"_ _53\"></span>dotycz\u0105cych <span class=\"_ _2\"></span>u\u017cytkowania <span class=\"_ _2\"></span>m.in. <span class=\"_ _2\"></span>nieruchomo\u015bci <span class=\"_ _2\"></span>gruntowych, prawa <span class=\"_ _5a\"> </span>wieczystego <span class=\"_ _54\"> </span>u\u017cytk<span class=\"_ _3\"></span>owania <span class=\"_ _5a\"> </span>grunt\u00f3w, <span class=\"_ _54\"> </span>s\u0142u\u017cebno\u015bci <span class=\"_ _5a\"> </span>przesy\u0142u, <span class=\"_ _5a\"> </span>urz\u0105dze\u0144 <span class=\"_ _5a\"> </span>tec<span class=\"_ _2\"></span>hnicznych <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>maszyn <span class=\"_ _54\"> </span>oraz <span class=\"_ _5a\"> </span>\u015brodk\u00f3w transportu. Grupa <span class=\"_ _1\"> </span>stosuje <span class=\"_ _1\"> </span>jednolity <span class=\"_ _1\"> </span>model <span class=\"_ _1\"> </span>uj\u0119cia <span class=\"_ _1\"> </span>ksi\u0119gowego <span class=\"_ _1\"> </span>leasingu, <span class=\"_ _1\"> </span>kt\u00f3ry <span class=\"_ _1\"> </span>zak\u0142ada <span class=\"_ _1\"> </span>rozpoznanie <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>leasingobiorc\u0119 <span class=\"_ _1\"> </span>aktyw\u00f3w<span class=\"_ _3\"></span> z tytu\u0142u <span class=\"_ _57\"> </span>prawa <span class=\"_ _57\"> </span>do <span class=\"_ _59\"> </span>u\u017cytkowania <span class=\"_ _146\"> </span>i <span class=\"_ _59\"> </span>zobowi\u0105za\u0144 <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>tytu\u0142<span class=\"_ _2\"></span>u <span class=\"_ _57\"> </span>leasingu <span class=\"_ _57\"> </span>zwi\u0105zanych <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>wszystkimi <span class=\"_ _59\"> </span>umowami <span class=\"_ _57\"> </span>leasingowymi,<span class=\"_ _3\"></span> z uwzgl\u0119dnieniem zw<span class=\"_ _3\"></span>olnie\u0144. Grupa <span class=\"_ _3\"></span>nie ujmuje aktyw\u00f3w i z<span class=\"_ _3\"></span>obowi\u0105za\u0144 z <span class=\"_ _3\"></span>tytu\u0142u leasingu w odniesien<span class=\"_ _3\"></span>iu do: \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">leasing\u00f3w kr\u00f3tkoterminowych - <span class=\"_ _2\"></span>dotyczy <span class=\"_ _2\"></span>um\u00f3w <span class=\"_ _2\"></span>bez <span class=\"_ _2\"></span>mo\u017cliwo\u015bci <span class=\"_ _2\"></span>zakupu sk\u0142adnika <span class=\"_ _2\"></span>aktyw\u00f3w, <span class=\"_ _2\"></span>zawartych <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>okres </span></span>kr\u00f3tszy  ni\u017c  12<span class=\"_ _3\"></span>  miesi\u0119cy  od  mom<span class=\"_ _3\"></span>entu  rozpocz\u0119cia  um<span class=\"_ _3\"></span>owy,  w  tym  um\u00f3w  z<span class=\"_ _3\"></span>awartych  na  czas <span class=\"_ _74\"> </span>nieokre\u015blony z kr\u00f3tkim  okresem  wypowiedzenia,  w  przypadku  kt\u00f3rych <span class=\"_ _57\"> </span>nie  wyst\u0119puje  rozs\u0105dna  pe<span class=\"_ _2\"></span>wno\u015b\u0107,<span class=\"_ _3\"></span>  i\u017c <span class=\"_ _146\"> </span>G<span class=\"_ _2\"></span>rupa  nie skorzysta z wypowi<span class=\"_ _3\"></span>edzenia. \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">leasing\u00f3w, <span class=\"_ _3\"></span>w kt\u00f3rych bazowy sk<span class=\"_ _3\"></span>\u0142adnik aktyw<span class=\"_ _3\"></span>\u00f3w ma nisk\u0105 warto\u015b\u0107<span class=\"_ _3\"></span>.  </span></span>W <span class=\"_ _1\"> </span>przypadku <span class=\"_ _1\"> </span>umowy, <span class=\"_ _1\"> </span>kt\u00f3ra <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>leasingiem <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>zawiera <span class=\"_ _1\"> </span>leasing, <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _1\"> </span>ka\u017cdy <span class=\"_ _1\"> </span>ele<span class=\"_ _2\"></span>ment <span class=\"_ _0\"> </span>le<span class=\"_ _2\"></span>asingowy <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ramach umowy jako leasing <span class=\"_ _3\"></span>odr\u0119bnie od element<span class=\"_ _3\"></span>\u00f3w nieleasingowych. <span class=\"_ _3\"></span> Grupa <span class=\"_ _1\"> </span>okre\u015bla <span class=\"_ _74\"> </span>okres <span class=\"_ _1\"> </span>le<span class=\"_ _2\"></span>asingu <span class=\"_ _1\"> </span>jako <span class=\"_ _1\"> </span>obejmuj\u0105cy <span class=\"_ _1\"> </span>nieodwo\u0142ywalny <span class=\"_ _1\"> </span>okres <span class=\"_ _74\"> </span>umowy <span class=\"_ _1\"> </span>le<span class=\"_ _2\"></span>asingu, <span class=\"_ _1\"> </span>\u0142\u0105cznie <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>okresami, <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>kt\u00f3re mo\u017cna <span class=\"_ _74\"> </span>przed\u0142<span class=\"_ _2\"></span>u\u017cy\u0107 <span class=\"_ _74\"> </span>leasing,  je\u017celi <span class=\"_ _74\"> </span>mo\u017cna  z <span class=\"_ _74\"> </span>wystarczaj\u0105c\u0105  pewn<span class=\"_ _3\"></span>o\u015bci\u0105  za\u0142<span class=\"_ _3\"></span>o\u017cy\u0107,  \u017ce <span class=\"_ _74\"> </span>Grupa  skorzysta <span class=\"_ _74\"> </span>z  tego <span class=\"_ _74\"> </span>prawa  oraz z okresami, <span class=\"_ _74\"> </span>w  kt\u00f3rych <span class=\"_ _74\"> </span>mo\u017cna <span class=\"_ _74\"> </span>wypowiedzie\u0107  leasin<span class=\"_ _3\"></span>g,  je\u017c<span class=\"_ _3\"></span>eli  mo\u017cna<span class=\"_ _3\"></span>  z <span class=\"_ _74\"> </span>wystarczaj\u0105c\u0105  pe<span class=\"_ _3\"></span>wno\u015bci\u0105 <span class=\"_ _74\"> </span>za\u0142o\u017cy\u0107,  \u017ce <span class=\"_ _74\"> </span>Grupa  nie<span class=\"_ _3\"></span> skorzysta z tego pra<span class=\"_ _3\"></span>wa.  Sk\u0142adniki aktyw<span class=\"_ _3\"></span>\u00f3w z tytu\u0142u prawa <span class=\"_ _3\"></span>do u\u017cytkowania oraz polityk<span class=\"_ _3\"></span>\u0119 wyceny tych a<span class=\"_ _3\"></span>ktyw\u00f3w  przedstaw<span class=\"_ _3\"></span>ia  Nota 9.1. Zobowi\u0105zanie <span class=\"_ _5a\"> </span>z <span class=\"_ _54\"> </span>tytu\u0142u <span class=\"_ _54\"> </span>l<span class=\"_ _3\"></span>easingu <span class=\"_ _54\"> </span>Grupa <span class=\"_ _5a\"> </span>wycenia <span class=\"_ _54\"> </span>pocz\u0105tk<span class=\"_ _3\"></span>owo <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>wysoko\u015bci <span class=\"_ _54\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>bie\u017c\u0105cej <span class=\"_ _54\"> </span>op\u0142a<span class=\"_ _3\"></span>t <span class=\"_ _54\"> </span>leasingowych<span class=\"_ _3\"></span> pozostaj\u0105cych <span class=\"_ _146\"> </span>do <span class=\"_ _57\"> </span>zap\u0142aty <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>dacie <span class=\"_ _57\"> </span>pocz\u0105tkow<span class=\"_ _3\"></span>ego <span class=\"_ _57\"> </span>uj\u0119cia, <span class=\"_ _57\"> </span>kt\u00f3re <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>bejmuj\u0105:  st<span class=\"_ _2\"></span>a\u0142e  o<span class=\"_ _2\"></span>p\u0142aty <span class=\"_ _146\"> </span>leasingowe, <span class=\"_ _57\"> </span>zmienne  o<span class=\"_ _2\"></span>p\u0142aty<span class=\"_ _3\"></span> leasingowe, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _1\"> </span>zale\u017c\u0105 <span class=\"_ _74\"> </span>od <span class=\"_ _74\"> </span>indeksu <span class=\"_ _1\"> </span>lub <span class=\"_ _74\"> </span>stawki, <span class=\"_ _1\"> </span>kwoty, <span class=\"_ _74\"> </span>kt\u00f3rych <span class=\"_ _1\"> </span>zap\u0142aty <span class=\"_ _74\"> </span>przez <span class=\"_ _1\"> </span>leasingobiorc\u0119 <span class=\"_ _1\"> </span>oczekuje <span class=\"_ _74\"> </span>si\u0119 <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>ramach gwarantowanej <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>ko\u0144cowej, <span class=\"_ _53\"></span>cen\u0119<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>wykonania <span class=\"_ _53\"></span>opcji <span class=\"_ _0\"></span>kupna <span class=\"_ _53\"></span>je\u017celi <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _53\"></span>rozs\u0105dnie <span class=\"_ _0\"></span>pewne <span class=\"_ _53\"></span>\u017ce <span class=\"_ _53\"></span>leasingobiorca <span class=\"_ _53\"></span>wyko<span class=\"_ _2\"></span>na opcj\u0119 <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _54\"> </span>kary <span class=\"_ _55\"> </span>pieni\u0119\u017cne <span class=\"_ _55\"> </span>za <span class=\"_ _55\"> </span>wypowiedzenie <span class=\"_ _54\"> </span>le<span class=\"_ _2\"></span>asingu <span class=\"_ _54\"> </span>je\u017celi <span class=\"_ _55\"> </span>ustalony <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _54\"> </span>le<span class=\"_ _2\"></span>asingu <span class=\"_ _54\"> </span>ustalono <span class=\"_ _55\"> </span>zak\u0142adaj\u0105c, <span class=\"_ _54\"> </span>\u017ce leasingobiorca <span class=\"_ _146\"> </span>wypowie <span class=\"_ _146\"> </span>umow\u0119. <span class=\"_ _57\"> </span>Do <span class=\"_ _57\"> </span>sta\u0142ych  o<span class=\"_ _2\"></span>p\u0142at <span class=\"_ _146\"> </span>leasingowych <span class=\"_ _146\"> </span>Grupa <span class=\"_ _57\"> </span>zalicza <span class=\"_ _57\"> </span>r\u00f3wnie\u017c  o<span class=\"_ _2\"></span>p\u0142aty <span class=\"_ _146\"> </span>z <span class=\"_ _57\"> </span>tytu\u0142u <span class=\"_ _57\"> </span>wy\u0142\u0105czenia grunt\u00f3w <span class=\"_ _146\"> </span>z <span class=\"_ _57\"> </span>produkcji <span class=\"_ _57\"> </span>le\u015bnej <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>rolnej, <span class=\"_ _146\"> </span>je<span class=\"_ _2\"></span>\u017celi <span class=\"_ _146\"> </span>dotycz\u0105 <span class=\"_ _57\"> </span>nieruchomo\u015bci  gruntowych <span class=\"_ _57\"> </span>u\u017cytkowanych  na <span class=\"_ _57\"> </span>podstawie <span class=\"_ _57\"> </span>um\u00f3w stanowi\u0105cych leasin<span class=\"_ _3\"></span>g. Z op\u0142at leasingowych wy\u0142\u0105cz<span class=\"_ _3\"></span>one s\u0105 zmienne op\u0142aty ponosz<span class=\"_ _3\"></span>one przez leasingobi<span class=\"_ _3\"></span>orc\u0119 na rzecz leasingodawcy za pra<span class=\"_ _3\"></span>wo do u\u017cytkowania <span class=\"_ _53\"></span>bazowego <span class=\"_ _53\"></span>sk\u0142adnika <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>kresie <span class=\"_ _53\"></span>leasingu, <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _53\"></span>uzale\u017cnione <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>od <span class=\"_ _53\"></span>czynnik\u00f3w <span class=\"_ _0\"></span>zewn\u0119trznych,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inne ni\u017c op\u0142aty zale\u017cn<span class=\"_ _3\"></span>e od stawki lub i<span class=\"_ _3\"></span>ndeksu.  Po dacie rozpocz\u0119cia l<span class=\"_ _3\"></span>easingu Grupa wycenia wa<span class=\"_ _3\"></span>rto\u015b\u0107 bilans<span class=\"_ _3\"></span>ow\u0105 zobowi\u0105zania z tytu<span class=\"_ _3\"></span>\u0142u leasingu poprzez:<span class=\"_ _3\"></span> - zwi\u0119kszenie z tytu\u0142<span class=\"_ _3\"></span>u odsetek od<span class=\"_ _3\"></span> zobowi\u0105zania z tytu\u0142u l<span class=\"_ _3\"></span>easingu, - zmniejszenie z ty<span class=\"_ _3\"></span>tu\u0142u zap\u0142aconych op\u0142at <span class=\"_ _3\"></span>leasingowych, - aktualizacj\u0119 z <span class=\"_ _3\"></span>tytu\u0142u ponownej oceny lub <span class=\"_ _3\"></span>modyfikacji um<span class=\"_ _3\"></span>owy leasingu. Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u leasingu zosta<span class=\"_ _3\"></span>\u0142y zaprezentowane w<span class=\"_ _3\"></span> Nocie 8. Stopa <span class=\"_ _0\"></span>leasingowa <span class=\"_ _0\"></span>- <span class=\"_ _1\"> </span>op\u0142aty <span class=\"_ _1\"> </span>leasi<span class=\"_ _3\"></span>ngowe <span class=\"_ _0\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _0\"></span>dyskontuje <span class=\"_ _0\"></span>kra\u0144cow\u0105 <span class=\"_ _0\"></span>stop\u0105 <span class=\"_ _1\"> </span>procentow\u0105 <span class=\"_ _0\"></span>leasingobiorcy, <span class=\"_ _0\"></span>poniewa\u017c<span class=\"_ _3\"></span> <span class=\"_ _0\"> </span>s<span class=\"_ _2\"></span>topy procentowej umow<span class=\"_ _3\"></span>y leasingu z regu\u0142y ni<span class=\"_ _3\"></span>e mo\u017cna z \u0142atwo\u015bci\u0105 us<span class=\"_ _3\"></span>tali\u0107.  Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"ff7\"> </span>Identyfikacja ko<span class=\"_ _3\"></span>mponent\u00f3w nieleasingowych<span class=\"_ _192\"> </span>W umowach dotycz\u0105cych najmu maszyn g\u00f3rniczych, opr\u00f3cz elementu leasing<span class=\"_ _3\"></span>owego Grupa zidentyfikowa\u0142a komponent<span class=\"_ _3\"></span>y nieleasingowe, zwi\u0105zane <span class=\"_ _53\"></span>ze <span class=\"_ _2\"></span>\u015bwiadczeni<span class=\"_ _3\"></span>em <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _2\"></span>innych <span class=\"_ _2\"></span>ni\u017c <span class=\"_ _2\"></span>wynajem <span class=\"_ _2\"></span>sk\u0142adnik\u00f3w <span class=\"_ _2\"></span>aktyw\u00f3w. <span class=\"_ _2\"></span>Do <span class=\"_ _2\"></span>wydzielenia <span class=\"_ _2\"></span>komponentu<span class=\"_ _3\"></span> leasingowego <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>nieleasingowego <span class=\"_ _1\"> </span>Grupa  z<span class=\"_ _3\"></span>astosowa\u0142a <span class=\"_ _74\"> </span>os\u0105d, <span class=\"_ _74\"> </span>alokuj\u0105c <span class=\"_ _74\"> </span>odpowiednio <span class=\"_ _74\"> </span>wynagrodzenie <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>danej  um<span class=\"_ _3\"></span>owy <span class=\"_ _74\"> </span>na obydwa <span class=\"_ _2\"></span>komponenty <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>podstawie <span class=\"_ _2\"></span>wzgl\u0119dnej <span class=\"_ _53\"></span>jednostkow<span class=\"_ _3\"></span>ej <span class=\"_ _53\"></span>ceny <span class=\"_ _53\"></span>elementu <span class=\"_ _53\"></span>leasingow<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>ca\u0142kowit<span class=\"_ _3\"></span>ej <span class=\"_ _53\"></span>jednostkowej ceny element\u00f3w ni<span class=\"_ _3\"></span>eleasingowych.  Szacunek kra\u0144cow<span class=\"_ _3\"></span>ej stopy proc<span class=\"_ _3\"></span>entowej leasingu<span class=\"fc0\"> </span>W celu obliczenia st\u00f3p dysk<span class=\"_ _3\"></span>onta na potrzeby MSSF 16<span class=\"_ _3\"></span> Grupa przyjmuje, \u017c<span class=\"_ _3\"></span>e stopa dyskonta powinna odzwierci<span class=\"_ _3\"></span>edla\u0107 koszt finansowania, jakie <span class=\"_ _2\"></span>by\u0142oby <span class=\"_ _2\"></span>zaci\u0105gni\u0119te na <span class=\"_ _2\"></span>zakup <span class=\"_ _2\"></span>przedmiotu podlegaj\u0105cego <span class=\"_ _2\"></span>leasing<span class=\"_ _3\"></span>owi. <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>kalkuluje <span class=\"_ _2\"></span>kra\u0144cowe stopy procentowe  dla  poszczeg\u00f3lnych  zakres\u00f3w  czasowych <span class=\"_ _146\"> </span>um\u00f3w  le<span class=\"_ _2\"></span>asingowych  w  okresach  kwartalnych  i <span class=\"_ _146\"> </span>stopa <span class=\"_ _146\"> </span>ta <span class=\"_ _146\"> </span>j<span class=\"_ _2\"></span>est wykorzystywana <span class=\"_ _5d\"> </span>do <span class=\"_ _64\"> </span>wyceny <span class=\"_ _64\"> </span>zobowi\u0105z<span class=\"_ _3\"></span>a\u0144 <span class=\"_ _64\"> </span>leasingowych <span class=\"_ _5d\"> </span>powstaj\u0105cych <span class=\"_ _5d\"> </span>z <span class=\"_ _64\"> </span>um\u00f3w <span class=\"_ _64\"> </span>leasingowych <span class=\"_ _5d\"> </span>zawartych <span class=\"_ _64\"> </span>lub zmodyfikowanych w <span class=\"_ _3\"></span>trakcie danego kw<span class=\"_ _3\"></span>arta\u0142u.  Poziom istotno\u015bci dla <span class=\"_ _3\"></span>identyfikacji leasing\u00f3w ak<span class=\"_ _3\"></span>tyw\u00f3w o niskiej w<span class=\"_ _3\"></span>arto\u015bci sk\u0142adnika bazo<span class=\"_ _3\"></span>wego wynosi 20 <span class=\"_ _3\"></span>000 PLN.<span class=\"ff1\"> </span>Ujawnienia dotycz<span class=\"_ _3\"></span>\u0105ce leasingu - Grupa ja<span class=\"_ _3\"></span>ko leasingobiorca od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Nota 9.1<span class=\"_ _192\"> </span>Nota 9.2 Koszt amortyzacji<span class=\"_ _3\"></span>  56 56<span class=\"_ _192\"> </span>Nota 4.3 <span class=\"_ _6c\"> </span><span class=\"fc0\">Koszt odsetek <span class=\"_ _3\"></span> </span> 9 13<span class=\"_ _192\"> </span>Koszt zwi\u0105zany z leasin<span class=\"_ _3\"></span>giem kr\u00f3tkotermin<span class=\"_ _3\"></span>owym   7 6<span class=\"_ _192\"> </span>Koszt zwi\u0105zany z u<span class=\"_ _3\"></span>mowami leasingowymi <span class=\"_ _3\"></span>aktyw\u00f3w o niski<span class=\"_ _3\"></span>ej warto\u015bci, kt\u00f3re nie s\u0105 <span class=\"_ _3\"></span>umowami kr\u00f3tkot<span class=\"_ _3\"></span>erminowymi  1 1<span class=\"_ _192\"> </span>Koszt zwi\u0105zany ze zm<span class=\"_ _3\"></span>iennymi op\u0142atami <span class=\"_ _3\"></span>leasingowymi nieuj<span class=\"_ _3\"></span>\u0119tymi w wycenie zobowi\u0105za\u0144 <span class=\"_ _3\"></span>z tytu\u0142u lea<span class=\"_ _3\"></span>singu  8 11<span class=\"_ _192\"> </span>Nota 8.4.2<span class=\"_ _192\"> </span>Ca\u0142kowity wyp\u0142yw \u015br<span class=\"_ _3\"></span>odk\u00f3w pieni\u0119\u017cnych z<span class=\"_ _3\"></span> tytu\u0142u leasingu<span class=\"_ _3\"></span>  93 100<span class=\"_ _192\"> </span>Nota 9.1<span class=\"_ _192\"> </span>Nota 9.2 Zwi\u0119kszenia aktyw<span class=\"_ _3\"></span>\u00f3w z tytu\u0142u prawa<span class=\"_ _3\"></span> do u\u017cytkowania <span class=\"_ _3\"></span>  165 54<span class=\"_ _192\"> </span>Stan na 31.12.2022 Stan na 31.12.2021 Nota 9.1<span class=\"_ _192\"> </span>Nota 9.2 Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa aktyw\u00f3w z tytu\u0142u <span class=\"_ _3\"></span>prawa do u\u017cytkow<span class=\"_ _3\"></span>ania  (podzia\u0142 na klasy b<span class=\"_ _3\"></span>azowego sk\u0142adnik<span class=\"_ _3\"></span>a aktyw\u00f3w  w notach zgodni<span class=\"_ _3\"></span>e z referencj\u0105),<span class=\"_ _3\"></span> z tego:  771 703   wykazan<span class=\"_ _3\"></span>e w ramach aktyw\u00f3w pr<span class=\"_ _3\"></span>zeznaczonych        do sprz<span class=\"_ _3\"></span>eda\u017cy (grupa zbycia) - 32   wykazan<span class=\"_ _3\"></span>e jako \u201erzeczowe i niematerialn<span class=\"_ _3\"></span>e aktywa g\u00f3rnicze<span class=\"_ _3\"></span>        i <span class=\"_ _3\"></span>hutnicze\" oraz \u201epozosta\u0142e aktywa <span class=\"_ _3\"></span>rzeczowe i niemat<span class=\"_ _3\"></span>erialne\"  771 671<span class=\"_ _192\"> </span>Nota 8.4.2<span class=\"_ _192\"> </span>Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa zobowi\u0105za\u0144 z tytu\u0142u <span class=\"_ _3\"></span>prawa do u\u017cytkow<span class=\"_ _3\"></span>ania, z tego:  744 645   wykazan<span class=\"_ _3\"></span>e w ramach zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>wi\u0105zanych         z grup\u0105 <span class=\"_ _3\"></span>zbycia  - 16   wykazan<span class=\"_ _3\"></span>e jako \u201ezobowi\u0105zania z tytu<span class=\"_ _3\"></span>\u0142u kredyt\u00f3w, po\u017cyczek, <span class=\"_ _3\"></span>        leasingu oraz<span class=\"_ _3\"></span> d\u0142u\u017cnych papier\u00f3w w<span class=\"_ _3\"></span>arto\u015bciowych\" <span class=\"_ _3\"></span>  744 629<span class=\"_ _192\"> </span>W <span class=\"_ _0\"></span>roku <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>nie <span class=\"_ _0\"></span>dokona\u0142a <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _0\"></span>sprz<span class=\"_ _3\"></span>eda\u017cy <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>leasingu <span class=\"_ _0\"></span>zwrotnego <span class=\"_ _0\"></span>(w <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>tego <span class=\"_ _0\"></span>tytu\u0142u wynosi\u0142a <span class=\"_ _1\"> </span>11 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN). <span class=\"_ _1\"> </span>Ce<span class=\"_ _2\"></span>lem <span class=\"_ _1\"> </span>zawarcia <span class=\"_ _0\"> </span>ty<span class=\"_ _2\"></span>ch <span class=\"_ _1\"> </span>transakcji <span class=\"_ _1\"> </span>by\u0142o <span class=\"_ _1\"> </span>pozyskanie <span class=\"_ _1\"> </span>\u015brodk\u00f3w <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>finansowanie <span class=\"_ _1\"> </span>bie\u017c\u0105cej <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci<span class=\"_ _3\"></span> operacyjnej sp<span class=\"_ _3\"></span>\u00f3\u0142ek zale\u017cnych Grupy. Grupa <span class=\"_ _5a\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>31 <span class=\"_ _5a\"> </span>grudnia <span class=\"_ _5a\"> </span>2022 <span class=\"_ _59\"> </span>r. <span class=\"_ _5a\"> </span>posiada <span class=\"_ _5a\"> </span>umowy <span class=\"_ _5a\"> </span>leasingowe, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _59\"> </span>zawiera\u0142y <span class=\"_ _5a\"> </span>opcje <span class=\"_ _5a\"> </span>przed\u0142u\u017cenia <span class=\"_ _59\"> </span>oraz <span class=\"_ _5a\"> </span>opcje wypowiedzenia, <span class=\"_ _1\"> </span>a  wart<span class=\"_ _3\"></span>o\u015b\u0107  sza<span class=\"_ _3\"></span>cunkowa <span class=\"_ _74\"> </span>przysz\u0142ych <span class=\"_ _74\"> </span>wyp\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119\u017cnych, <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>kt\u00f3re  Grup<span class=\"_ _3\"></span>a <span class=\"_ _74\"> </span>jest  p<span class=\"_ _3\"></span>otencjalnie <span class=\"_ _74\"> </span>nara\u017cona i kt\u00f3re <span class=\"_ _53\"></span>nie <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _53\"></span>uwzgl\u0119dnione <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>wycenie <span class=\"_ _0\"></span>zobowi\u0105za\u0144 <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tytu\u0142<span class=\"_ _2\"></span>u <span class=\"_ _53\"></span>leasingu <span class=\"_ _53\"></span>wynosi <span class=\"_ _0\"></span>odpowiedni<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>19 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>37 <span class=\"_ _53\"></span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _53\"></span>(na dzie\u0144  3<span class=\"_ _3\"></span>1  grudnia <span class=\"_ _74\"> </span>2021 <span class=\"_ _74\"> </span>r.  19 <span class=\"_ _74\"> </span>mln  PLN  i <span class=\"_ _74\"> </span>41  mln<span class=\"_ _3\"></span>  PL<span class=\"_ _3\"></span>N).  Grupa <span class=\"_ _74\"> </span>posiada  um<span class=\"_ _3\"></span>owy  leasin<span class=\"_ _3\"></span>gowe  za<span class=\"_ _3\"></span>wieraj\u0105ce <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>warantowan<span class=\"_ _3\"></span>e warto\u015bci <span class=\"_ _1\"> </span>ko\u0144cowe, <span class=\"_ _1\"> </span>zosta<span class=\"_ _3\"></span>\u0142y <span class=\"_ _1\"> </span>one <span class=\"_ _1\"> </span>jednak <span class=\"_ _1\"> </span>uwzgl\u0119dnione <span class=\"_ _1\"> </span>w wyceni<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>zobowi\u0105za\u0144 <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>leasingu. <span class=\"_ _0\"></span>Ponadto <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>posiada nierozpocz\u0119te  jeszcz<span class=\"_ _3\"></span>e  umowy  z<span class=\"_ _3\"></span>  tyt.  leasingu,  do  k<span class=\"_ _3\"></span>t\u00f3rych  zobligowana <span class=\"_ _74\"> </span>jest  jako  leasingobiorc<span class=\"_ _3\"></span>a,  a  warto\u015b\u0107  przysz\u0142<span class=\"_ _3\"></span>ych wyp\u0142yw\u00f3w pieni\u0119\u017cny<span class=\"_ _3\"></span>ch z tego tytu\u0142u wyn<span class=\"_ _3\"></span>osi 10 mln PLN (na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia <span class=\"_ _3\"></span>2021 r. 59 mln <span class=\"_ _3\"></span>PLN).<span class=\"_ _192\"> </span>Nota 9.8 Aktywa p<span class=\"_ _3\"></span>rzeznaczone do s<span class=\"_ _3\"></span>przeda\u017cy (grupa zbycia) i<span class=\"_ _3\"></span> zwi\u0105zane z nimi zob<span class=\"_ _3\"></span>owi\u0105zania  Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Aktywa <span class=\"_ _1\"> </span>trwa\u0142e <span class=\"_ _1\"> </span>(lub <span class=\"_ _0\"> </span>g<span class=\"_ _2\"></span>rupy <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>zbycia) Grupa <span class=\"_ _1\"> </span>klasyfikuje<span class=\"_ _192\"> </span>jako <span class=\"_ _1\"> </span>przeznaczone <span class=\"_ _0\"> </span>do <span class=\"_ _1\"> </span>sprzeda\u017cy, <span class=\"_ _1\"> </span>je\u017celi <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>bilansowa<span class=\"_ _3\"></span> b\u0119dzie <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dzyskana <span class=\"_ _2\"></span>raczej <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>drodze <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>ni\u017c <span class=\"_ _53\"></span>poprzez <span class=\"_ _2\"></span>kontynuowanie <span class=\"_ _2\"></span>u\u017cytkowania, <span class=\"_ _2\"></span>pod <span class=\"_ _53\"></span>warunkiem, <span class=\"_ _53\"></span>i\u017c <span class=\"_ _2\"></span>s\u0105 dost\u0119pne do natychmiastowej sprzeda\u017cy w obecnym stanie, z zachowaniem warunk\u00f3w, kt\u00f3re s\u0105 zwyczajowo stosowane przy <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>(lub <span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>rup <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>zbycia) <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>ich <span class=\"_ _53\"></span>sprzeda\u017c <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>wysoce <span class=\"_ _2\"></span>uprawdopodobniona. S<span class=\"_ _2\"></span>przeda\u017c uznaje si\u0119 <span class=\"_ _2\"></span>za wysoce <span class=\"_ _2\"></span>uprawdopodobni<span class=\"_ _3\"></span>on\u0105, gdy <span class=\"_ _2\"></span>Grupa j<span class=\"_ _2\"></span>est <span class=\"_ _2\"></span>zdecydowana wype\u0142ni\u0107 plan <span class=\"_ _2\"></span>sprzeda\u017cy sk\u0142adnika aktyw\u00f3<span class=\"_ _2\"></span>w lub <span class=\"_ _2\"></span>grupy do zbycia, podj\u0119te zosta\u0142y dzia\u0142ania maj\u0105ce na celu aktywne poszukiwa<span class=\"_ _3\"></span>nie nabywcy, sk\u0142adnik aktyw\u00f3w oferowan<span class=\"_ _3\"></span>y jest na sprzeda\u017c <span class=\"_ _53\"></span>po <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>nie, <span class=\"_ _53\"></span>kt\u00f3ra <span class=\"_ _53\"></span>jest <span class=\"_ _0\"></span>ra<span class=\"_ _3\"></span>cjonalna <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>odniesieniu <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>jego <span class=\"_ _53\"></span>bie\u017c\u0105cej <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej, <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>ma <span class=\"_ _53\"></span>zamiar <span class=\"_ _53\"></span>sprzeda\u0107 sk\u0142adnik aktyw\u00f3w w <span class=\"_ _2\"></span>ci\u0105gu roku od <span class=\"_ _2\"></span>dnia kwalifikacji. Wyd\u0142u\u017cenie okresu wymaganego do zako\u0144czenia sprzeda\u017cy <span class=\"_ _2\"></span>powy\u017cej<span class=\"_ _3\"></span> 1 <span class=\"_ _0\"></span>roku <span class=\"_ _53\"></span>mo\u017cliwe <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>tylko <span class=\"_ _0\"></span>wted<span class=\"_ _3\"></span>y, <span class=\"_ _53\"></span>kie<span class=\"_ _2\"></span>dy <span class=\"_ _0\"></span>op\u00f3\u017anienie <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _0\"></span>spow<span class=\"_ _3\"></span>odowane <span class=\"_ _0\"></span>przez <span class=\"_ _53\"></span>zdarzenia <span class=\"_ _0\"></span>i okolicz<span class=\"_ _3\"></span>no\u015bci <span class=\"_ _0\"></span>znajduj\u0105ce <span class=\"_ _53\"></span>si\u0119 poza kontrol\u0105 Grup<span class=\"_ _3\"></span>y, a sama Grupa<span class=\"_ _3\"></span> mo\u017ce udowodni\u0107, \u017ce jes<span class=\"_ _3\"></span>t zdecydowana wy<span class=\"_ _3\"></span>pe\u0142ni\u0107 plan sprze<span class=\"_ _3\"></span>da\u017cy sk\u0142adnika aktyw<span class=\"_ _3\"></span>\u00f3w. Na moment przekwalifikowania ak<span class=\"_ _3\"></span>tywa te wy<span class=\"_ _2\"></span>cenia si\u0119 wed\u0142ug ni\u017csz<span class=\"_ _3\"></span>ej z dw\u00f3ch warto\u015bci: <span class=\"_ _2\"></span>warto\u015bci bila<span class=\"_ _3\"></span>nsowej lub warto\u015bci godziwej <span class=\"_ _2\"></span>pomniejszonej o<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>koszty <span class=\"_ _2\"></span>zbycia. <span class=\"_ _53\"></span>R\u00f3\u017cnica <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>wyceny <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>warto\u015bci godziwej <span class=\"_ _2\"></span>ujmo<span class=\"_ _2\"></span>wana <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>pozosta\u0142ych <span class=\"_ _53\"></span>koszta<span class=\"_ _3\"></span>ch operacyjnych. <span class=\"_ _0\"></span>W <span class=\"_ _1\"> </span>momencie <span class=\"_ _1\"> </span>p\u00f3\u017a<span class=\"_ _3\"></span>niejszej <span class=\"_ _1\"> </span>wyceny, <span class=\"_ _0\"></span>ewentualne <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>dwr\u00f3cenie <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _1\"> </span>godziwej <span class=\"_ _0\"></span>ujmuje <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>pozosta\u0142ych przychodach opera<span class=\"_ _3\"></span>cyjnych.  W <span class=\"_ _146\"> </span>okresie <span class=\"_ _57\"> </span>bie\u017c\u0105cym  nast\u0105pi\u0142a <span class=\"_ _57\"> </span>realizacja  transakcji <span class=\"_ _57\"> </span>sprzeda\u017cy  aktyw\u00f3w <span class=\"_ _146\"> </span>przeznaczonych <span class=\"_ _146\"> </span>do <span class=\"_ _57\"> </span>sprzeda\u017cy  (grupy <span class=\"_ _57\"> </span>zbycia) i zwi\u0105zanych <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>nimi <span class=\"_ _54\"> </span>zobowi\u0105za\u0144 <span class=\"_ _5a\"> </span>sp\u00f3\u0142ek <span class=\"_ _54\"> </span>S.C.M. <span class=\"_ _5a\"> </span>Franke, <span class=\"_ _5a\"> </span>Interferie <span class=\"_ _54\"> </span>S.A. <span class=\"_ _5a\"> </span>i <span class=\"_ _54\"> </span>Interf<span class=\"_ _3\"></span>erie <span class=\"_ _54\"> </span>Medical <span class=\"_ _5a\"> </span>SPA <span class=\"_ _5a\"> </span>sp. <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>o. <span class=\"_ _54\"> </span>o. <span class=\"_ _5a\"> </span>oraz  przekwalifikowani<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _53\"></span>przeznaczonych <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>(grupy <span class=\"_ _53\"></span>zbycia) <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>zwi\u0105zanych <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>nimi <span class=\"_ _53\"></span>zobowi\u0105za\u0144 <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>Carlota Copper Company d<span class=\"_ _3\"></span>o dzia\u0142alno\u015bci<span class=\"_ _3\"></span> kontynuowanej. Szczeg<span class=\"_ _3\"></span>\u00f3\u0142y przedstawione zosta<span class=\"_ _3\"></span>\u0142y w informacji p<span class=\"_ _3\"></span>oni\u017cej.<span class=\"ff1 fc2\"> </span>Nota 9.8.1 S.C.M. Fr<span class=\"_ _3\"></span>anke i Carlota Copp<span class=\"_ _3\"></span>er Company Dnia <span class=\"_ _1\"> </span>26 <span class=\"_ _1\"> </span>kwietnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>sp\u00f3\u0142ki <span class=\"_ _1\"> </span>zale\u017cne <span class=\"_ _1\"> </span>KGHM <span class=\"_ _1\"> </span>International <span class=\"_ _1\"> </span>Ltd., <span class=\"_ _0\"> </span>F<span class=\"_ _2\"></span>ranke <span class=\"_ _1\"> </span>Holdings <span class=\"_ _1\"> </span>Ltd. <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>Centenario <span class=\"_ _1\"> </span>Holdin<span class=\"_ _3\"></span>gs <span class=\"_ _1\"> </span>Ltd., podpisa\u0142y <span class=\"_ _2\"></span>umow\u0119 <span class=\"_ _2\"></span>zbycia 100% <span class=\"_ _2\"></span>udzia\u0142\u00f3w <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>p\u00f3\u0142ki Sociedad <span class=\"_ _2\"></span>Contractual <span class=\"_ _2\"></span>Minera F<span class=\"_ _2\"></span>ranke, b\u0119<span class=\"_ _2\"></span>d\u0105cej w\u0142<span class=\"_ _2\"></span>a\u015bcici<span class=\"_ _3\"></span>elem <span class=\"_ _2\"></span>kopalni <span class=\"_ _2\"></span>Franke w Chile, na r<span class=\"_ _3\"></span>zecz Minera Las Ceni<span class=\"_ _3\"></span>zas S.A., za wynegocj<span class=\"_ _3\"></span>owan\u0105 pocz\u0105tkow\u0105 cen\u0119 nab<span class=\"_ _3\"></span>ycia w wysoko\u015b<span class=\"_ _3\"></span>ci 25 mln USD.  Zgodnie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>umow\u0105 <span class=\"_ _53\"></span>zbycia, <span class=\"_ _53\"></span>wynegocjowana <span class=\"_ _53\"></span>pocz\u0105tkowa <span class=\"_ _53\"></span>cena <span class=\"_ _53\"></span>nabycia <span class=\"_ _53\"></span>zosta\u0142a <span class=\"_ _53\"></span>skorygowana <span class=\"_ _53\"></span>m.in. <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zmian\u0119 <span class=\"_ _53\"></span>stanu <span class=\"_ _53\"></span>kapita\u0142u obrotowego <span class=\"_ _1\"> </span>netto, <span class=\"_ _74\"> </span>\u015brodk\u00f3w <span class=\"_ _1\"> </span>pieni\u0119\u017cnych <span class=\"_ _74\"> </span>oraz <span class=\"_ _1\"> </span>zad\u0142u\u017cenia <span class=\"_ _74\"> </span>zewn\u0119trznego <span class=\"_ _1\"> </span>pomi\u0119dzy <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>marca<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>a dat\u0105 <span class=\"_ _74\"> </span>transakcji. Pocz\u0105tkowa <span class=\"_ _59\"> </span>skorygowana <span class=\"_ _59\"> </span>cena <span class=\"_ _5a\"> </span>nabycia <span class=\"_ _59\"> </span>100% <span class=\"_ _5a\"> </span>udzia\u0142\u00f3w <span class=\"_ _59\"> </span>S.C.M. <span class=\"_ _5a\"> </span>Franke <span class=\"_ _59\"> </span>wynios\u0142a <span class=\"_ _5a\"> </span>23 <span class=\"_ _59\"> </span>mln <span class=\"_ _59\"> </span>U<span class=\"_ _2\"></span>SD <span class=\"_ _5a\"> </span>(p\u0142atna <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>\u015brodkach pieni\u0119\u017cnych). <span class=\"_ _53\"></span>Warto\u015b\u0107 <span class=\"_ _53\"></span>bilansowa<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>zobowi\u0105za\u0144 <span class=\"_ _2\"></span>b\u0119d\u0105cych <span class=\"_ _53\"></span>przedmiotem <span class=\"_ _53\"></span>transakcji <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _53\"></span>transakcji wynosi\u0142a 19 mln <span class=\"_ _3\"></span>USD. Poza <span class=\"_ _5d\"> </span>p\u0142atno\u015bci\u0105 <span class=\"_ _5d\"> </span>pocz\u0105tkow\u0105 <span class=\"_ _5d\"> </span>(pocz\u0105tkowa <span class=\"_ _5d\"> </span>cena <span class=\"_ _5d\"> </span>nabycia), <span class=\"_ _5d\"> </span>mechanizm <span class=\"_ _5d\"> </span>ceny <span class=\"_ _64\"> </span>uwzgl\u0119dn<span class=\"_ _3\"></span>ia <span class=\"_ _5d\"> </span>p\u0142atno\u015bci <span class=\"_ _5d\"> </span>warunkowe o maksymalnej <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>45 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>USD. <span class=\"_ _53\"></span>Bior\u0105c <span class=\"_ _0\"></span>pod <span class=\"_ _53\"></span>uwag\u0119 <span class=\"_ _0\"></span>prawd<span class=\"_ _3\"></span>opodobie\u0144stwo <span class=\"_ _53\"></span>otrzymania <span class=\"_ _53\"></span>tych <span class=\"_ _53\"></span>p\u0142atno\u015bci <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>okres <span class=\"_ _0\"></span>ich realizacji, zosta\u0142y <span class=\"_ _3\"></span>one wycenione w <span class=\"_ _3\"></span>warto\u015bci zdyskontowane<span class=\"_ _3\"></span>j w kwocie 13 mln <span class=\"_ _3\"></span>USD i uj\u0119te w zysku z<span class=\"_ _3\"></span>e zbycia. Zysk ze zbycia S.C<span class=\"_ _3\"></span>.M. Franke zosta\u0142 uj\u0119ty w<span class=\"_ _3\"></span> pozycji \u201ePozosta\u0142<span class=\"_ _3\"></span>e przychody operacyjne\u201d.<span class=\"_ _3\"></span> Rozliczenie trans<span class=\"_ _3\"></span>akcji sprzeda\u017cy S.C.M. Fr<span class=\"_ _3\"></span>anke mln USD mln PLN Pocz\u0105tkowa cena nab<span class=\"_ _3\"></span>ycia  25<span class=\"_ _192\"> </span>109<span class=\"_ _192\"> </span>Zmiana stanu ka<span class=\"_ _3\"></span>pita\u0142u obrotowego netto, \u015br<span class=\"_ _3\"></span>odk\u00f3w pieni\u0119\u017cnych<span class=\"_ _192\"> </span>oraz zad\u0142u\u017cenia zewn<span class=\"_ _3\"></span>\u0119trznego pomi\u0119<span class=\"_ _3\"></span>dzy  dniem 31 mar<span class=\"_ _3\"></span>ca 2022 r. a 26<span class=\"_ _3\"></span> kwietnia 2022 r.  ( 2)<span class=\"_ _192\"> </span>( 9)<span class=\"_ _192\"> </span>Pocz\u0105tkowa skoryg<span class=\"_ _3\"></span>owana cena nabycia 23<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Warto\u015b\u0107 bilansowa <span class=\"_ _3\"></span>aktyw\u00f3w i zobowi\u0105za\u0144 <span class=\"_ _3\"></span>b\u0119d\u0105cych przedmio<span class=\"_ _3\"></span>tem transakcji sprzeda\u017cy<span class=\"_ _3\"></span>  19 86<span class=\"_ _192\"> </span>Wycena p\u0142atno\u015bci w<span class=\"_ _3\"></span>arunkowych na<span class=\"_ _3\"></span> dzie\u0144 zbycia 13<span class=\"_ _192\"> </span>60<span class=\"_ _192\"> </span>Aktualizacja wyc<span class=\"_ _3\"></span>eny p\u0142atno\u015bci warunk<span class=\"_ _3\"></span>owych na dzie\u0144 bilans<span class=\"_ _3\"></span>owy  1<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>Wynik na spr<span class=\"_ _3\"></span>zeda\u017cy 18<span class=\"_ _192\"> </span>79<span class=\"_ _192\"> </span>R\u00f3\u017cnice kursow<span class=\"_ _3\"></span>e przekwalifikowanie z <span class=\"_ _3\"></span>pozosta\u0142ych  ca\u0142kowitych doch<span class=\"_ _3\"></span>od\u00f3w do zysku ze z<span class=\"_ _3\"></span>bycia  -<span class=\"_ _192\"> </span>64<span class=\"_ _192\"> </span>Zysk ze zbycia w <span class=\"_ _3\"></span>skonsolidowanym <span class=\"_ _3\"></span>sprawozdaniu z wyni<span class=\"_ _3\"></span>ku  -<span class=\"_ _192\"> </span>143<span class=\"_ _192\"> </span>Na <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>30 <span class=\"_ _74\"> </span>czerwca <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>d<span class=\"_ _2\"></span>okonano <span class=\"_ _74\"> </span>ponownej <span class=\"_ _1\"> </span>oce<span class=\"_ _2\"></span>ny <span class=\"_ _1\"> </span>kryteri\u00f3w <span class=\"_ _74\"> </span>okre\u015blonych <span class=\"_ _74\"> </span>przez <span class=\"_ _74\"> </span>MSSF <span class=\"_ _74\"> </span>5, <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>podstawie <span class=\"_ _74\"> </span>kt\u00f3rych Carlota <span class=\"_ _53\"></span>Copper <span class=\"_ _0\"></span>Company <span class=\"_ _53\"></span>zosta\u0142a <span class=\"_ _53\"></span>zakwalifikowana <span class=\"_ _53\"></span>jako <span class=\"_ _0\"></span>aktywo <span class=\"_ _2\"></span>przeznaczone <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>sprzeda\u017cy. <span class=\"_ _53\"></span>W <span class=\"_ _0\"></span>wyniku <span class=\"_ _53\"></span>przeprowadzonej analizy <span class=\"_ _1\"> </span>Zarz\u0105d <span class=\"_ _1\"> </span>Jednostki <span class=\"_ _74\"> </span>Dominuj\u0105cej <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>30 <span class=\"_ _74\"> </span>czerwca <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>dokona\u0142 <span class=\"_ _74\"> </span>przekwalifikowania<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>aktyw\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _1\"> </span>i zobowi\u0105za\u0144 sp\u00f3\u0142ki <span class=\"_ _0\"></span>do dzia\u0142alno\u015bci <span class=\"_ _0\"></span>kon<span class=\"_ _3\"></span>tynuowanej, <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>uwagi <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>f<span class=\"_ _2\"></span>akt, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _0\"></span>sprzeda<span class=\"_ _3\"></span>\u017c <span class=\"_ _0\"></span>nie <span class=\"_ _0\"></span>by\u0142a <span class=\"_ _0\"></span>wysoce <span class=\"_ _0\"></span>prawdopodobna. <span class=\"_ _53\"></span>Proces <span class=\"_ _0\"></span>sprzeda\u017cy aktyw\u00f3w g\u00f3rniczych Ca<span class=\"_ _3\"></span>rlota Copper <span class=\"_ _3\"></span>Company nie zosta\u0142 zak<span class=\"_ _3\"></span>o\u0144czony. Zgodnie  z  M<span class=\"_ _2\"></span>SSF  5.27  bezpo<span class=\"_ _2\"></span>\u015brednio  po <span class=\"_ _146\"> </span>przekwalifikowaniu  ustalono  warto\u015b\u0107  odzyskiwaln\u0105  aktyw\u00f3w  Carlot<span class=\"_ _2\"></span>a  Copper Company. Nie wyst\u0105<span class=\"_ _3\"></span>pi\u0142y istotne r\u00f3\u017cnice w <span class=\"_ _3\"></span>stosunku do warto\u015bci <span class=\"_ _3\"></span>bilansowej na dzie\u0144 3<span class=\"_ _3\"></span>0 czerwca 2022 <span class=\"_ _3\"></span>r.<span class=\"_ _192\"> </span>W <span class=\"_ _0\"></span>listopadzie <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>proces <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _0\"></span>Carlota <span class=\"_ _53\"></span>Copper <span class=\"_ _0\"></span>Company <span class=\"_ _53\"></span>zosta\u0142 <span class=\"_ _0\"></span>wznowiony, <span class=\"_ _53\"></span>jednak <span class=\"_ _0\"></span>w ocenie <span class=\"_ _53\"></span>Zarz\u0105du <span class=\"_ _0\"></span>Jednostki<span class=\"_ _3\"></span> Dominuj\u0105cej <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>on <span class=\"_ _53\"></span>zaawan<span class=\"_ _3\"></span>sowany <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>tyle, <span class=\"_ _53\"></span>aby <span class=\"_ _2\"></span>stwierdzi\u0107, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _2\"></span>sprzeda\u017c <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>wysoce <span class=\"_ _2\"></span>prawdopodobna. <span class=\"_ _2\"></span>Tym <span class=\"_ _2\"></span>samym <span class=\"_ _2\"></span>na dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2022 r. aktywa sp\u00f3<span class=\"_ _3\"></span>\u0142ki i zwi\u0105zane z nim<span class=\"_ _3\"></span>i zobowi\u0105zania<span class=\"_ _3\"></span> nie s\u0105 ujmowane jako prz<span class=\"_ _3\"></span>eznaczone do zbycia.<span class=\"_ _3\"></span> Dzia\u0142alno\u015b\u0107 <span class=\"_ _69\"> </span>sp\u00f3\u0142ek <span class=\"_ _5d\"> </span>S.C.M. <span class=\"_ _69\"> </span>Franke <span class=\"_ _69\"> </span>i <span class=\"_ _5d\"> </span>Carlota <span class=\"_ _5d\"> </span>Copper <span class=\"_ _69\"> </span>Company <span class=\"_ _69\"> </span>zost<span class=\"_ _2\"></span>a\u0142a <span class=\"_ _69\"> </span>zaprezentowana<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>w <span class=\"_ _69\"> </span>ramach <span class=\"_ _5d\"> </span>segmentu<span class=\"_ _3\"></span> KGHM INTERNATIO<span class=\"_ _3\"></span>NAL LTD. Dane <span class=\"_ _0\"> </span>finansowe <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>wy\u017cszych <span class=\"_ _0\"></span>sp\u00f3\u0142ek <span class=\"_ _0\"></span>zaprezentowane <span class=\"_ _0\"></span>zosta\u0142y <span class=\"_ _0\"></span>\u0142\u0105cznie <span class=\"_ _0\"> </span>z dzia\u0142alno\u015bci\u0105 <span class=\"_ _0\"> </span>ko<span class=\"_ _2\"></span>ntynuow<span class=\"_ _3\"></span>an\u0105 <span class=\"_ _0\"></span>w skonsolidowanym sprawozdaniu <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>wyniku, <span class=\"_ _53\"></span>skonsolidowanym <span class=\"_ _53\"></span>sprawozdaniu <span class=\"_ _53\"></span>z przep\u0142yw\u00f3w <span class=\"_ _0\"></span>pieni<span class=\"_ _3\"></span>\u0119\u017cnych <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>notach <span class=\"_ _0\"></span>obja\u015bniaj\u0105cych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ych sprawozda\u0144 <span class=\"_ _1\"> </span>ze  w<span class=\"_ _3\"></span>zgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>to<span class=\"_ _2\"></span>, <span class=\"_ _74\"> </span>\u017ce <span class=\"_ _74\"> </span>nie <span class=\"_ _74\"> </span>stanowi\u0105  on<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>istotnej <span class=\"_ _74\"> </span>cz\u0119\u015bci  dz<span class=\"_ _3\"></span>ia\u0142alno\u015bci <span class=\"_ _74\"> </span>ani <span class=\"_ _74\"> </span>elementu <span class=\"_ _74\"> </span>wi\u0119kszego <span class=\"_ _74\"> </span>planu <span class=\"_ _74\"> </span>zbycia istotnej cz\u0119\u015bci dzia<span class=\"_ _3\"></span>\u0142alno\u015bci (MSSF <span class=\"_ _3\"></span>5.32 a i b).<span class=\"ff1 fc2\"> </span>Dane finansowe sp<span class=\"_ _3\"></span>\u00f3\u0142ek S.C.M. Franke i C<span class=\"_ _3\"></span>arlota Copper Comp<span class=\"_ _3\"></span>any zaprezentow<span class=\"_ _3\"></span>ano w tabelac<span class=\"_ _3\"></span>h poni\u017cej:<span class=\"_ _192\"> </span>G\u0142\u00f3wne grupy aktyw<span class=\"_ _3\"></span>\u00f3w i zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>akwalifikowanych do <span class=\"_ _3\"></span>Grupy sprzeda\u017cy Stan na 26.04.2022 (data zbycia - data utraty kontroli) Stan na 31.12.20<span class=\"_ _3\"></span>21  (prezentacja w <span class=\"_ _3\"></span>ramach aktyw\u00f3w  i zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>akwalifikowanych d<span class=\"_ _3\"></span>o Grupy sprzeda\u017cy)<span class=\"_ _3\"></span> S.C.M. Franke S.C.M. Franke <span class=\"_ _13a\"> </span>  Carlota Copper Company AKTYWA <span class=\"_ _179\"> </span>   <span class=\"_ _6a\"> </span>Aktywa niema<span class=\"_ _3\"></span>terialne g\u00f3rnicze i h<span class=\"_ _3\"></span>utnicze  125 116 3<span class=\"_ _192\"> </span>Inne instrumenty finansowe wy<span class=\"_ _3\"></span>ceniane w zamortyzowanym k<span class=\"_ _3\"></span>oszcie  2 3<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Aktywa trwa\u0142e  127 119 3<span class=\"_ _192\"> </span>Zapasy  91 87 62<span class=\"_ _192\"> </span>Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w, w tym:  14 13<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w wyceniane w <span class=\"_ _3\"></span>warto\u015bci godziwej przez wynik <span class=\"_ _3\"></span>finansowy  14 13<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u podatk\u00f3w  5 3<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Pozosta\u0142e aktywa <span class=\"_ _3\"></span>niefinansowe <span class=\"_ _30\"> </span>  15 3<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>\u015arodki pieni\u0119\u017cne i ich <span class=\"_ _3\"></span>ekwiwalenty  8 5<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Aktywa obrotowe<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>  133 111 62<span class=\"_ _192\"> </span>RAZEM AKTYWA W<span class=\"_ _3\"></span>CHODZ\u0104CE W SK\u0141AD <span class=\"_ _3\"></span>GRUPY DO ZBYCIA  260 230 65<span class=\"_ _192\"> </span>ZOBOWI\u0104ZANIA <span class=\"_ _3\"></span> Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w, po\u017cycz<span class=\"_ _3\"></span>ek, leasingu oraz d\u0142u\u017cnych papi<span class=\"_ _3\"></span>er\u00f3w warto\u015bciowych<span class=\"_ _3\"></span> -<span class=\"_ _192\"> </span>- 1<span class=\"_ _192\"> </span>Rezerwy na koszty likwida<span class=\"_ _3\"></span>cji kopal\u0144 i <span class=\"_ _3\"></span>innych obiekt\u00f3w technologicznych<span class=\"_ _3\"></span>  91 75 214<span class=\"_ _192\"> </span>Zobowi\u0105zania d\u0142<span class=\"_ _3\"></span>ugoterminowe  91 75 215<span class=\"_ _192\"> </span>Zobowi\u0105zania z tytu\u0142u kr<span class=\"_ _3\"></span>edyt\u00f3w, po\u017cyczek, leasin<span class=\"_ _3\"></span>gu oraz d\u0142u\u017cnych papi<span class=\"_ _3\"></span>er\u00f3w warto\u015bciowych<span class=\"_ _3\"></span>  1 2 1  <span class=\"_ _6a\"> </span>Zobowi\u0105zania <span class=\"_ _3\"></span>wobec dostawc\u00f3w<span class=\"_ _3\"></span>  <span class=\"_ _be\"> </span>  58 26 7  <span class=\"_ _6a\"> </span>Zobowi\u0105zania <span class=\"_ _3\"></span>z tytu\u0142u \u015bwiadcze\u0144<span class=\"_ _3\"></span> pracowniczych <span class=\"_ _e4\"> </span>  6 5 3  <span class=\"_ _6a\"> </span>Zobowi\u0105zania <span class=\"_ _3\"></span>z tytu\u0142u podatk\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>  1 1<span class=\"_ _192\"> </span>-  <span class=\"_ _6a\"> </span>Rezerwy na zob<span class=\"_ _3\"></span>owi\u0105zania i inne obci\u0105\u017c<span class=\"_ _3\"></span>enia <span class=\"_ _132\"> </span> -<span class=\"_ _192\"> </span>- 1  <span class=\"_ _6a\"> </span>Pozosta\u0142e zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _17a\"> </span>  18 21 4<span class=\"_ _192\"> </span>Zobowi\u0105zania kr<span class=\"_ _3\"></span>\u00f3tkoterminowe  84 55 16<span class=\"_ _192\"> </span>RAZEM ZOBOWI\u0104ZA<span class=\"_ _3\"></span>NIA WCHODZ\u0104<span class=\"_ _3\"></span>CE W SK\u0141AD GRUPY DO ZBYCIA  175 130 231<span class=\"_ _192\"> </span>Sprawozdanie z w<span class=\"_ _3\"></span>yniku dla dzia\u0142aln<span class=\"_ _3\"></span>o\u015bci przeznaczonej do sprzeda\u017cy<span class=\"_ _3\"></span> od 01.01.2022<span class=\"_ _192\"> </span>do 26.04.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> S.C.M. Franke S.C.M. Franke Carlota Copper Company Przychody  132 497 209<span class=\"_ _192\"> </span>Koszty  ( 197)<span class=\"_ _192\"> </span>( 443)<span class=\"_ _192\"> </span>( 111)<span class=\"_ _192\"> </span>Zysk/(strata) z d<span class=\"_ _3\"></span>zia\u0142alno\u015bci operacyjnej<span class=\"_ _3\"></span> ( 65) 54 98<span class=\"_ _192\"> </span>Koszty finansow<span class=\"_ _3\"></span>e ( 1)<span class=\"_ _192\"> </span>( 3)<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>Zysk/(strata) prz<span class=\"_ _3\"></span>ed opodatkowaniem<span class=\"_ _3\"></span> ( 66) 51 93<span class=\"_ _192\"> </span>Podatek dochodow<span class=\"_ _3\"></span>y -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>ZYSK/(STRATA) <span class=\"_ _3\"></span>NETTO ( 66) 51 93<span class=\"_ _192\"> </span>Przep\u0142ywy pieni\u0119<span class=\"_ _3\"></span>\u017cne dla dzia\u0142alno\u015bci<span class=\"_ _3\"></span> przeznaczonej do sprzeda\u017cy od 01.01.2022<span class=\"_ _192\"> </span>do 26.04.2022<span class=\"_ _192\"> </span>od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> S.C.M. Franke<span class=\"_ _192\"> </span>S.C.M. Franke Carlota Copper Company Przep\u0142ywy pieni\u0119\u017cn<span class=\"_ _3\"></span>e netto z dzia\u0142alno\u015bci <span class=\"_ _3\"></span>operacyjnej, w tym:<span class=\"_ _192\"> </span>( 40)<span class=\"_ _192\"> </span>( 7) 11           zmiana stan<span class=\"_ _3\"></span>u rezerwy na likwidacj\u0119 <span class=\"_ _3\"></span>kopal\u0144  10<span class=\"_ _192\"> </span>( 6)<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>Przep\u0142ywy pieni\u0119\u017cn<span class=\"_ _3\"></span>e netto z dzia\u0142alno\u015bci inw<span class=\"_ _3\"></span>estycyjnej -<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>( 10)<span class=\"_ _192\"> </span>Przep\u0142ywy pieni\u0119\u017cn<span class=\"_ _3\"></span>e netto z dzia\u0142alno\u015bci <span class=\"_ _3\"></span>finansowej  42<span class=\"_ _192\"> </span>( 2)<span class=\"_ _192\"> </span>( 2)<span class=\"_ _192\"> </span>PRZEP\u0141YWY PIENI<span class=\"_ _3\"></span>\u0118\u017bNE NETTO  2<span class=\"_ _192\"> </span>( 14)<span class=\"_ _192\"> </span>( 1)<span class=\"_ _192\"> </span>Nota 9.8.2 Interf<span class=\"_ _3\"></span>erie S.A. i Interferie Medi<span class=\"_ _3\"></span>cal SPA Sp. z o.o.  W <span class=\"_ _0\"></span>dniu <span class=\"_ _53\"></span>21 <span class=\"_ _0\"></span>lutego <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>VII <span class=\"_ _0\"></span>Fundusz <span class=\"_ _53\"></span>I<span class=\"_ _2\"></span>nwestycyjny <span class=\"_ _53\"></span>Zamkni\u0119ty <span class=\"_ _0\"></span>Aktyw\u00f3w <span class=\"_ _53\"></span>Niepublicznych <span class=\"_ _53\"></span>(dalej: <span class=\"_ _0\"></span>Fundusz), <span class=\"_ _53\"></span>kt\u00f3rego w\u0142a\u015bcicielem <span class=\"_ _59\"> </span>100% <span class=\"_ _57\"> </span>Certyfikat\u00f3w <span class=\"_ _59\"> </span>Inwestycyjn<span class=\"_ _3\"></span>ych <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>KGHM <span class=\"_ _57\"> </span>Polska <span class=\"_ _59\"> </span>Mied\u017a <span class=\"_ _59\"> </span>S.A, <span class=\"_ _59\"> </span> <span class=\"_ _57\"> </span>zby\u0142<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span> <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>rzecz <span class=\"_ _57\"> </span>Polskiego <span class=\"_ _59\"> </span>Holdingu Hotelowego  sp. z  o.o.  wszystkie  posiadane  bezp<span class=\"_ _3\"></span>o\u015brednio  udzia\u0142y  sp\u00f3\u0142ki  Interferie  Medical  SPA<span class=\"_ _3\"></span>  Sp.  z  o.o<span class=\"_ _2\"></span>.  z  siedzib\u0105 w Legnicy, <span class=\"_ _59\"> </span>tj. <span class=\"_ _59\"> </span>41.309 <span class=\"_ _59\"> </span>udzia\u0142\u00f3w <span class=\"_ _59\"> </span>stanowi\u0105cych <span class=\"_ _59\"> </span>67,37% <span class=\"_ _59\"> </span>udzia\u0142\u00f3w <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>kapitale<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>zak\u0142adowym <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>t<span class=\"_ _2\"></span>aki <span class=\"_ _59\"> </span>sam <span class=\"_ _59\"> </span>procent <span class=\"_ _5a\"> </span>g\u0142os\u00f3w w zgromadzeniu wsp\u00f3lnik\u00f3w. <span class=\"_ _2\"></span>W\u0142a\u015bcici<span class=\"_ _3\"></span>elem <span class=\"_ _2\"></span>pozosta\u0142ych <span class=\"_ _2\"></span>32,63% udzia\u0142\u00f3w w <span class=\"_ _2\"></span>kapitale <span class=\"_ _2\"></span>zak\u0142adowym s<span class=\"_ _2\"></span>p\u00f3\u0142ki <span class=\"_ _2\"></span>Interferie Medical SPA Sp. z o.o. by<span class=\"_ _3\"></span>\u0142a sp\u00f3\u0142ka po\u015brednia <span class=\"_ _3\"></span>Funduszu \u2013 INTERFERIE <span class=\"_ _3\"></span>S.A. W <span class=\"_ _1\"> </span>dniu <span class=\"_ _0\"> </span>28 <span class=\"_ _1\"> </span>lutego <span class=\"_ _0\"></span>2022 <span class=\"_ _1\"> </span>r., <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>wyniku <span class=\"_ _1\"> </span>rozliczenia <span class=\"_ _0\"></span>wezwania <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>zapisywania <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _1\"> </span>akcji <span class=\"_ _0\"></span>INTERFERIE <span class=\"_ _1\"> </span>S.A. <span class=\"_ _0\"></span>(dalej: sp\u00f3\u0142ka), <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>g\u0142oszonego <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>Polski <span class=\"_ _53\"></span>Holding <span class=\"_ _53\"></span>Hotelowy <span class=\"_ _2\"></span>sp. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>o.o., <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>portfelowe <span class=\"_ _2\"></span>F<span class=\"_ _2\"></span>unduszu: <span class=\"_ _2\"></span>Fundusz <span class=\"_ _53\"></span>Hotele <span class=\"_ _53\"></span>01 <span class=\"_ _2\"></span>Sp. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>o.o. S.K.A. <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>Fundusz <span class=\"_ _2\"></span>Hotele <span class=\"_ _2\"></span>01 <span class=\"_ _2\"></span>Sp. <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>o.o<span class=\"_ _2\"></span>., <span class=\"_ _2\"></span>zby\u0142y <span class=\"_ _2\"></span>wszystkie <span class=\"_ _2\"></span>posiadane akcje <span class=\"_ _2\"></span>sp\u00f3\u0142ki, <span class=\"_ _2\"></span>tj<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>\u0142\u0105cznie <span class=\"_ _2\"></span>10 <span class=\"_ _2\"></span>152 <span class=\"_ _2\"></span>625 <span class=\"_ _2\"></span>akcji, <span class=\"_ _2\"></span>stanowi\u0105cych 69,71% <span class=\"_ _3\"></span>w kapitale zak\u0142adowym i taki sa<span class=\"_ _3\"></span>m procent g\u0142os\u00f3w w <span class=\"_ _3\"></span>walnym zgromadzeniu. <span class=\"_ _3\"></span> W <span class=\"_ _1\"> </span>wyniku <span class=\"_ _1\"> </span>powy\u017cszego, <span class=\"_ _1\"> </span>Jednost<span class=\"_ _3\"></span>ka <span class=\"_ _1\"> </span>Dominuj\u0105ca <span class=\"_ _1\"> </span>ani <span class=\"_ _1\"> </span>\u017caden <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>podmiot\u00f3w <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>posiada <span class=\"_ _1\"> </span>akcji <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>udzia\u0142\u00f3w w sp\u00f3\u0142kach: INTERFERIE <span class=\"_ _3\"></span>S.A. oraz <span class=\"_ _3\"></span>Interferie Medical SPA Sp. z <span class=\"_ _3\"></span>o.o. Cena <span class=\"_ _0\"></span>sprzeda\u017c<span class=\"_ _3\"></span>y <span class=\"_ _0\"></span>akcji <span class=\"_ _53\"></span>obu <span class=\"_ _0\"></span>sp\u00f3\u0142ek <span class=\"_ _53\"></span>(p\u0142atna <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>\u015br<span class=\"_ _3\"></span>odkach <span class=\"_ _0\"></span>pieni\u0119\u017cny<span class=\"_ _3\"></span>ch) <span class=\"_ _0\"></span>wynosi<span class=\"_ _3\"></span>\u0142a <span class=\"_ _0\"></span>\u0142\u0105cznie <span class=\"_ _0\"></span>167 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>przewy\u017csza\u0142a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>warto\u015b\u0107  aktyw\u00f3w <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>nale\u017cnych <span class=\"_ _0\"></span>Grupie <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>37 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN. <span class=\"_ _0\"></span>Wynik <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>sprzeda\u017cy <span class=\"_ _0\"></span>(zysk) <span class=\"_ _0\"></span>zosta\u0142 <span class=\"_ _0\"></span>uj\u0119ty <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>pozycji <span class=\"_ _0\"></span>\u201ePozosta\u0142e <span class=\"_ _0\"></span>przychody operacyjne\u201d.<span class=\"_ _3\"></span> Dzia\u0142alno\u015b\u0107 <span class=\"_ _74\"> </span>sp\u00f3\u0142ek <span class=\"_ _74\"> </span>Interferie <span class=\"_ _74\"> </span>S<span class=\"_ _2\"></span>.A. <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>Int<span class=\"_ _2\"></span>erferie <span class=\"_ _74\"> </span>Medical <span class=\"_ _74\"> </span>SPA <span class=\"_ _74\"> </span>Sp\u00f3\u0142ka <span class=\"_ _74\"> </span>z  o.o. <span class=\"_ _74\"> </span>zosta\u0142a <span class=\"_ _74\"> </span>zaprezentowana <span class=\"_ _1\"> </span>w  ramach <span class=\"_ _1\"> </span>seg<span class=\"_ _2\"></span>mentu<span class=\"_ _3\"></span> Pozosta\u0142e segmenty<span class=\"_ _3\"></span>. Dane <span class=\"_ _0\"></span>finansowe <span class=\"_ _0\"></span>powy\u017cszych <span class=\"_ _0\"></span>sp\u00f3\u0142ek <span class=\"_ _0\"></span>zaprezen<span class=\"_ _3\"></span>towane <span class=\"_ _0\"></span>zosta\u0142y <span class=\"_ _0\"></span>\u0142\u0105cznie <span class=\"_ _0\"></span>z dzia\u0142alno\u015bci\u0105 <span class=\"_ _0\"></span>kontynu<span class=\"_ _3\"></span>owan\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>skonsolidowanym sprawozdaniu <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>wyniku, <span class=\"_ _53\"></span>skonsolidowanym <span class=\"_ _53\"></span>sprawozdaniu <span class=\"_ _53\"></span>z przep\u0142yw\u00f3w <span class=\"_ _0\"></span>pieni<span class=\"_ _3\"></span>\u0119\u017cnych <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>notach <span class=\"_ _0\"></span>obja\u015bniaj\u0105cych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ych sprawozda\u0144 <span class=\"_ _1\"> </span>ze  w<span class=\"_ _3\"></span>zgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>to<span class=\"_ _2\"></span>, <span class=\"_ _74\"> </span>\u017ce <span class=\"_ _74\"> </span>nie <span class=\"_ _74\"> </span>stanowi\u0105  on<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>istotnej <span class=\"_ _74\"> </span>cz\u0119\u015bci  dz<span class=\"_ _3\"></span>ia\u0142alno\u015bci <span class=\"_ _74\"> </span>ani <span class=\"_ _74\"> </span>elementu <span class=\"_ _74\"> </span>wi\u0119kszego <span class=\"_ _74\"> </span>planu <span class=\"_ _74\"> </span>zbycia istotnej cz\u0119\u015bci dzia<span class=\"_ _3\"></span>\u0142alno\u015bci (MSSF <span class=\"_ _3\"></span>5.32 a i b).<span class=\"_ _192\"> </span>Dane finansowe sp<span class=\"_ _3\"></span>\u00f3\u0142ek INTERFERIE S.A. i<span class=\"_ _3\"></span> Interferie Medic<span class=\"_ _3\"></span>al SPA Sp. z o.o. zaprezen<span class=\"_ _3\"></span>towano w tabelach poni<span class=\"_ _3\"></span>\u017cej:<span class=\"ff2 fc0\"> </span>G\u0142\u00f3wne grupy aktyw<span class=\"_ _3\"></span>\u00f3w i zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>akwalifikowanych do <span class=\"_ _3\"></span>Grupy sprzeda\u017cy Stan na  28.02.2022 Stan na  31.12.2021 AKTYWA <span class=\"_ _17c\"> </span>   <span class=\"_ _66\"> </span>Po<span class=\"_ _2\"></span>zosta\u0142e rzecz<span class=\"_ _3\"></span>owe aktywa trwa\u0142e   244 244<span class=\"_ _192\"> </span>Pozosta\u0142e aktywa <span class=\"_ _3\"></span>rzeczowe i niematerialn<span class=\"_ _3\"></span>e  244 244<span class=\"_ _192\"> </span>Aktywa trwa\u0142e  244 244<span class=\"_ _192\"> </span>Zapasy  1 1<span class=\"_ _192\"> </span>Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w  2 2<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u podatk\u00f3w  1 1<span class=\"_ _192\"> </span>Pozosta\u0142e aktywa <span class=\"_ _3\"></span>niefinansowe <span class=\"_ _17d\"> </span>  3<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>\u015arodki pieni\u0119\u017cne i ich <span class=\"_ _3\"></span>ekwiwalenty  15 15<span class=\"_ _192\"> </span>Aktywa obrotowe<span class=\"_ _3\"></span> <span class=\"_ _17e\"> </span>  22 19<span class=\"_ _192\"> </span>RAZEM AKTYWA W<span class=\"_ _3\"></span>CHODZ\u0104CE W SK\u0141AD <span class=\"_ _3\"></span>GRUPY DO ZBYCIA  266 263<span class=\"_ _192\"> </span>ZOBOWI\u0104ZANIA <span class=\"_ _3\"></span> Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w, po\u017cycz<span class=\"_ _3\"></span>ek, leasingu oraz d\u0142u\u017cny<span class=\"_ _3\"></span>ch papier\u00f3w warto\u015bci<span class=\"_ _3\"></span>owych  65 65  <span class=\"_ _66\"> </span>Zo<span class=\"_ _2\"></span>bowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u \u015bwiadcze\u0144<span class=\"_ _3\"></span> pracowniczych <span class=\"_ _d7\"> </span>  1 1  <span class=\"_ _66\"> </span>Po<span class=\"_ _2\"></span>zosta\u0142e zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _17f\"> </span>  6 3<span class=\"_ _192\"> </span>Zobowi\u0105zania d\u0142<span class=\"_ _3\"></span>ugoterminowe  72 69<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u kredyt\u00f3w, po\u017cycz<span class=\"_ _3\"></span>ek, leasingu oraz d\u0142u\u017cny<span class=\"_ _3\"></span>ch papier\u00f3w warto\u015bci<span class=\"_ _3\"></span>owych  12 16  <span class=\"_ _66\"> </span>Zo<span class=\"_ _2\"></span>bowi\u0105zania w<span class=\"_ _3\"></span>obec dostawc\u00f3w<span class=\"_ _3\"></span>  <span class=\"_ _16e\"> </span>  6 7  <span class=\"_ _66\"> </span>Zo<span class=\"_ _2\"></span>bowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u \u015bwiadcze\u0144<span class=\"_ _3\"></span> pracowniczych <span class=\"_ _d7\"> </span>  1 4  <span class=\"_ _66\"> </span>Zo<span class=\"_ _2\"></span>bowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u podatk\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _180\"> </span>  4 1  <span class=\"_ _66\"> </span>Po<span class=\"_ _2\"></span>zosta\u0142e zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _17f\"> </span>  5 4<span class=\"_ _192\"> </span>Zobowi\u0105zania kr<span class=\"_ _3\"></span>\u00f3tkoterminowe  28 32<span class=\"_ _192\"> </span>RAZEM ZOBOWI\u0104ZA<span class=\"_ _3\"></span>NIA WCHODZ\u0104<span class=\"_ _3\"></span>CE W SK\u0141AD GRUPY <span class=\"_ _3\"></span>DO ZBYCIA  100 101<span class=\"_ _192\"> </span>Sprawozdanie z w<span class=\"_ _3\"></span>yniku dla dzia\u0142aln<span class=\"_ _3\"></span>o\u015bci przeznaczonej <span class=\"_ _3\"></span>do sprzeda\u017cy od 01.01.2022<span class=\"_ _192\"> </span>do 28.02.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _3\"></span> Przychody  14 71<span class=\"_ _192\"> </span>Koszty  ( 15)<span class=\"_ _192\"> </span>( 68)<span class=\"_ _192\"> </span>Zysk/(strata) z d<span class=\"_ _3\"></span>zia\u0142alno\u015bci operacyjnej<span class=\"_ _3\"></span> ( 1) 3<span class=\"_ _192\"> </span>Koszty finansow<span class=\"_ _3\"></span>e -<span class=\"_ _192\"> </span>( 2)<span class=\"_ _192\"> </span>Zysk/(strata) prz<span class=\"_ _3\"></span>ed opodatkowaniem<span class=\"_ _3\"></span> ( 1) 1<span class=\"_ _192\"> </span>Podatek dochodow<span class=\"_ _3\"></span>y -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>ZYSK/(STRATA) <span class=\"_ _3\"></span>NETTO ( 1) 1<span class=\"_ _192\"> </span>Przep\u0142ywy pieni\u0119<span class=\"_ _3\"></span>\u017cne dla dzia\u0142alno\u015bci<span class=\"_ _3\"></span> przeznaczonej do spr<span class=\"_ _3\"></span>zeda\u017cy od 01.01.2022<span class=\"_ _3\"></span> do 28.02.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Przep\u0142ywy pieni\u0119\u017cn<span class=\"_ _3\"></span>e netto z dzia\u0142alno\u015bci <span class=\"_ _3\"></span>operacyjnej  1 4<span class=\"_ _192\"> </span>Przep\u0142ywy pieni\u0119\u017cn<span class=\"_ _3\"></span>e netto z dzia\u0142alno\u015bci inw<span class=\"_ _3\"></span>estycyjnej ( 1)<span class=\"_ _192\"> </span>( 11)<span class=\"_ _192\"> </span>Przep\u0142ywy pieni\u0119\u017cn<span class=\"_ _3\"></span>e netto z dzia\u0142alno\u015bci <span class=\"_ _3\"></span>finansowej - 17<span class=\"_ _192\"> </span>PRZEP\u0141YWY PIENI<span class=\"_ _3\"></span>\u0118\u017bNE NETTO - 10<span class=\"_ _192\"> </span>Nota 9.8.3 Projekt O<span class=\"_ _3\"></span>xide w Grupi<span class=\"_ _3\"></span>e Kapita\u0142owej KGHM INTER<span class=\"_ _3\"></span>NATIONAL LTD.<span class=\"ff2 fc0\"> </span>W <span class=\"_ _2\"></span>IV <span class=\"_ _53\"></span>kwartale <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>pomi\u0119dzy KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _2\"></span>Mied\u017a <span class=\"_ _2\"></span>S.A. <span class=\"_ _53\"></span>a <span class=\"_ _2\"></span>drugim <span class=\"_ _2\"></span>wsp\u00f3lnikiem <span class=\"_ _2\"></span>wsp\u00f3lnego <span class=\"_ _2\"></span>przedsi\u0119wzi\u0119cia <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>Gorda S.C.M. <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _59\"> </span>Sumitomo <span class=\"_ _146\"> </span>(<span class=\"_ _2\"></span>Sumitomo<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>M<span class=\"_ _2\"></span>etal <span class=\"_ _57\"> </span>Mining <span class=\"_ _59\"> </span>Co., <span class=\"_ _146\"> </span>Lt<span class=\"_ _2\"></span>d. <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>S<span class=\"_ _2\"></span>umitomo <span class=\"_ _146\"> </span>Co<span class=\"_ _2\"></span>rporation) <span class=\"_ _146\"> </span>zo<span class=\"_ _2\"></span>sta\u0142o <span class=\"_ _57\"> </span>zawarte <span class=\"_ _57\"> </span>porozumienie dotycz\u0105ce <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>projektu <span class=\"_ _1\"> </span>nale\u017c\u0105cego <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>sp\u00f3\u0142ki <span class=\"_ _1\"> </span>zale\u017cnej <span class=\"_ _74\"> </span>KGHM <span class=\"_ _74\"> </span>Chile <span class=\"_ _1\"> </span>SpA <span class=\"_ _1\"> </span>-<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>Oxide <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>Sierra <span class=\"_ _1\"> </span>Go<span class=\"_ _2\"></span>rda <span class=\"_ _1\"> </span>S.C.M. <span class=\"_ _74\"> </span>W <span class=\"_ _1\"> </span>dniu 15 grudnia 2<span class=\"_ _3\"></span>021 r. zosta\u0142a podpisana <span class=\"_ _3\"></span>umowa sprzeda\u017cy, gdzi<span class=\"_ _3\"></span>e data sprzeda\u017cy ustalona z<span class=\"_ _3\"></span>osta\u0142a na dzie\u0144 1<span class=\"_ _3\"></span> stycznia 2022 r. <span class=\"_ _3\"></span> Na <span class=\"_ _55\"> </span>dzie\u0144 <span class=\"_ _55\"> </span>31 <span class=\"_ _55\"> </span>grudnia <span class=\"_ _55\"> </span>2021 <span class=\"_ _55\"> </span>r. <span class=\"_ _55\"> </span>projekt <span class=\"_ _55\"> </span>Oxide <span class=\"_ _55\"> </span>zosta\u0142 <span class=\"_ _55\"> </span>przekwa<span class=\"_ _3\"></span>lifikowany <span class=\"_ _55\"> </span>z <span class=\"_ _55\"> </span>warto\u015bci <span class=\"_ _55\"> </span>niematerialnych <span class=\"_ _54\"> </span>nieoddanych do u\u017cytkowania  (aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w  mineralnych)  do  aktyw\u00f3w  trwa\u0142ych  przeznaczonych<span class=\"_ _3\"></span> do sprzeda\u017cy w kw<span class=\"_ _3\"></span>ocie 176 mln P<span class=\"_ _3\"></span>LN. Wp\u0142yw \u015brodk\u00f3w z <span class=\"_ _2\"></span>tytu\u0142u transakcji sprzeda\u017cy nast\u0105pi\u0142 <span class=\"_ _2\"></span>w dniu 4 marca <span class=\"_ _2\"></span>2022 r. <span class=\"_ _2\"></span>Zysk ze <span class=\"_ _2\"></span>sprzeda\u017cy w wysoko\u015bci 135 <span class=\"_ _2\"></span>mln PLN zosta\u0142 uj\u0119ty w poz<span class=\"_ _3\"></span>ycji \u201ePozosta\u0142e przychod<span class=\"_ _3\"></span>y operacyjne\u201d.  Zgodnie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>przyj\u0119t\u0105 <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _53\"></span>polityk\u0105 <span class=\"_ _53\"></span>rachunkowo\u015bci, <span class=\"_ _53\"></span>udzia\u0142 <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>w niezrealizowanym <span class=\"_ _53\"></span>zysku <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>transakcji <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>mi\u0119dzy<span class=\"_ _3\"></span> Grup\u0105 a jednostk\u0105 wycenian\u0105 metod\u0105 praw w<span class=\"_ _3\"></span>\u0142asno\u015bci pomniejsza zysk z tytu\u0142u tej transakcji w kor<span class=\"_ _3\"></span>espondencji z warto\u015bci\u0105 bilansow\u0105 <span class=\"_ _0\"></span>udzia\u0142u <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>tej<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>jednostce. <span class=\"_ _0\"></span>Ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>o, <span class=\"_ _0\"></span>i\u017c <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>dzie\u0144 <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"> </span>r. <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>bilansowa <span class=\"_ _0\"></span>udzia\u0142u Grupy <span class=\"_ _53\"></span>we <span class=\"_ _0\"></span>wsp\u00f3lnym <span class=\"_ _53\"></span>przedsi\u0119wz<span class=\"_ _3\"></span>i\u0119ciu <span class=\"_ _53\"></span>Sierra <span class=\"_ _0\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _53\"></span>wynosi <span class=\"_ _53\"></span>0 <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _53\"></span>eliminacja <span class=\"_ _53\"></span>niezrealizowanego <span class=\"_ _53\"></span>zysku <span class=\"_ _53\"></span>w proporcji do <span class=\"_ _2\"></span>udzia\u0142u G<span class=\"_ _2\"></span>rupy (55%) <span class=\"_ _2\"></span>zostanie uj\u0119t<span class=\"_ _2\"></span>a w <span class=\"_ _2\"></span>momencie, <span class=\"_ _2\"></span>gdy <span class=\"_ _2\"></span>warto\u015b\u0107<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>bilansowa udzia\u0142u <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>Sierra Gorda <span class=\"_ _2\"></span>S.C.M. o<span class=\"_ _2\"></span>si\u0105gnie poziom powy\u017cej war<span class=\"_ _3\"></span>to\u015bci 0 PLN. Nota 9.8.4 KGHM TO<span class=\"_ _3\"></span>WARZYSTWO FU<span class=\"_ _3\"></span>NDUSZY INWESTYCYJ<span class=\"_ _3\"></span>NYCH S.A. Na <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>31 <span class=\"_ _1\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>zidentyfikowa\u0142a <span class=\"_ _1\"> </span>aktywa <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>zwi\u0105zane <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>nimi <span class=\"_ _74\"> </span>zobowi\u0105zania <span class=\"_ _1\"> </span>jednostki <span class=\"_ _74\"> </span>zale\u017cnej <span class=\"_ _1\"> </span>KGHM TOWARZYSTWO <span class=\"_ _53\"></span>FUNDUSZY <span class=\"_ _53\"></span>INWESTYC<span class=\"_ _3\"></span>YJNYCH <span class=\"_ _53\"></span>S.A. <span class=\"_ _0\"></span>jako <span class=\"_ _53\"></span>przeznaczone <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>spe\u0142nieni<span class=\"_ _3\"></span>em <span class=\"_ _0\"></span>kry<span class=\"_ _3\"></span>teri\u00f3w okre\u015blonych  prz<span class=\"_ _3\"></span>ez  MSSF  5 <span class=\"_ _74\"> </span>(t<span class=\"_ _2\"></span>j.  s\u0105  dost\u0119pn<span class=\"_ _3\"></span>e  do  natychmias<span class=\"_ _3\"></span>towej  sprzeda\u017cy <span class=\"_ _74\"> </span>w  obecnym  stanie, <span class=\"_ _74\"> </span>sprzeda\u017c  jest  wysoce prawdopodobna, <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>tym <span class=\"_ _2\"></span>oczekuje <span class=\"_ _53\"></span>si\u0119, <span class=\"_ _2\"></span>\u017ce<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>nast\u0105pi <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>ci\u0105gu <span class=\"_ _53\"></span>1 <span class=\"_ _53\"></span>roku <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>dnia <span class=\"_ _53\"></span>klasyfikac<span class=\"_ _3\"></span>ji <span class=\"_ _53\"></span>jako <span class=\"_ _2\"></span>przeznaczone <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>sprzeda\u017cy). <span class=\"_ _2\"></span>Ze wzgl\u0119du <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>nieistotn\u0105 <span class=\"_ _2\"></span>warto\u015b\u0107, <span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>aktywa <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>zobowi\u0105zania <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>zosta\u0142y <span class=\"_ _2\"></span>wydzielone <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>sprawozdaniu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>sytuacji <span class=\"_ _2\"></span>finansowej <span class=\"_ _2\"></span>do odr\u0119bnych pozycji,<span class=\"_ _3\"></span> tj. \u201eAktyw\u00f3w pr<span class=\"_ _3\"></span>zeznaczonych do sprz<span class=\"_ _3\"></span>eda\u017cy (grupa zbycia)\u201d <span class=\"_ _3\"></span>i \u201eZobowi\u0105za\u0144 zwi\u0105z<span class=\"_ _3\"></span>anych z grup\u0105 zbycia\u201d<span class=\"_ _3\"></span>. Nota 9.8.5 Rzeczow<span class=\"_ _3\"></span>e aktywa trwa\u0142e w Merc<span class=\"_ _3\"></span>us Logistyka Sp. <span class=\"_ _3\"></span>z o.o. Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Grupa zidentyfikowa\u0142a <span class=\"_ _2\"></span>rzeczowe <span class=\"_ _2\"></span>akt<span class=\"_ _3\"></span>ywa <span class=\"_ _2\"></span>trwa\u0142e <span class=\"_ _2\"></span>jednostki <span class=\"_ _2\"></span>zale\u017cne<span class=\"_ _3\"></span>j <span class=\"_ _2\"></span>Mercus <span class=\"_ _2\"></span>Logistyka S<span class=\"_ _2\"></span>p. <span class=\"_ _2\"></span>z o.o. jako <span class=\"_ _74\"> </span>przeznaczone <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>sprzeda\u017cy <span class=\"_ _74\"> </span>w  zw<span class=\"_ _3\"></span>i\u0105zku  z<span class=\"_ _3\"></span>e  spe\u0142nieniem <span class=\"_ _74\"> </span>kryteri\u00f3w <span class=\"_ _74\"> </span>okre\u015blonych <span class=\"_ _74\"> </span>przez <span class=\"_ _74\"> </span>M<span class=\"_ _2\"></span>SSF <span class=\"_ _74\"> </span>5  (tj. <span class=\"_ _74\"> </span>s\u0105 <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>st\u0119pne <span class=\"_ _74\"> </span>do natychmiastowej <span class=\"_ _0\"></span>sprzeda\u017cy <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>obecny<span class=\"_ _2\"></span>m <span class=\"_ _1\"> </span>stanie, <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _1\"> </span>jest<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>wysoce <span class=\"_ _1\"> </span>prawdop<span class=\"_ _3\"></span>odobna, <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>tym <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>czekuje <span class=\"_ _1\"> </span>si\u0119, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _1\"> </span>nast\u0105pi w ci\u0105gu <span class=\"_ _0\"> </span>1 <span class=\"_ _1\"> </span>roku <span class=\"_ _1\"> </span>od <span class=\"_ _1\"> </span>dnia <span class=\"_ _0\"> </span>klasyfikacji <span class=\"_ _1\"> </span>jako <span class=\"_ _1\"> </span>przeznacz<span class=\"_ _3\"></span>one <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>sprz<span class=\"_ _3\"></span>eda\u017cy). <span class=\"_ _1\"> </span>Ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>nieistotn\u0105<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>warto\u015b\u0107, <span class=\"_ _1\"> </span>te <span class=\"_ _0\"> </span>aktywa <span class=\"_ _1\"> </span>nie zosta\u0142y <span class=\"_ _2\"></span>wydzielone <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>sprawozdaniu z <span class=\"_ _2\"></span>sytuacji <span class=\"_ _2\"></span>finansowej <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>odr\u0119bnej <span class=\"_ _2\"></span>pozycji, t<span class=\"_ _2\"></span>j. <span class=\"_ _2\"></span>\u201eAktyw\u00f3w <span class=\"_ _2\"></span>przeznacz<span class=\"_ _3\"></span>onych <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>sprzeda\u017cy (grupa zbycia)\u201d. Cz\u0119\u015b\u0107 10 \u2013 Kap<span class=\"_ _2\"></span>ita\u0142 obrot<span class=\"_ _2\"></span>owy Nota 10.1 Zapasy<span class=\"_ _3\"></span> Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _181\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy  Grupa <span class=\"_ _2\"></span>dokonuje <span class=\"_ _53\"></span>wyceny <span class=\"_ _2\"></span>zapas\u00f3w <span class=\"_ _2\"></span>wed\u0142ug <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>nabycia <span class=\"_ _2\"></span>lub <span class=\"_ _53\"></span>kosztu wytworzenia <span class=\"_ _55\"> </span>nie <span class=\"_ _5e\"> </span>wy\u017cszych <span class=\"_ _55\"> </span>ni\u017c <span class=\"_ _55\"> </span>cena <span class=\"_ _5e\"> </span>sprzeda\u017cy <span class=\"_ _55\"> </span>pomniejszon<span class=\"_ _3\"></span>a o koszty <span class=\"_ _5d\"> </span>doko\u0144czenia <span class=\"_ _5d\"> </span>produkcji <span class=\"_ _5d\"> </span>i <span class=\"_ _64\"> </span>doprowadzenia <span class=\"_ _5d\"> </span>sprzeda\u017cy do skutku.  Ewentualna <span class=\"_ _74\"> </span>r\u00f3\u017cnica <span class=\"_ _74\"> </span>warto\u015bci  dot<span class=\"_ _3\"></span>ycz\u0105ca <span class=\"_ _74\"> </span>wyt<span class=\"_ _2\"></span>worzonych <span class=\"_ _1\"> </span>wy<span class=\"_ _2\"></span>rob\u00f3<span class=\"_ _3\"></span>w, stanowi <span class=\"_ _56\"> </span>odpis <span class=\"_ _56\"> </span>aktualizuj\u0105cy <span class=\"_ _61\"> </span>i <span class=\"_ _5b\"> </span>jest <span class=\"_ _56\"> </span>ujmowana <span class=\"_ _56\"> </span>w <span class=\"_ _56\"> </span>ko<span class=\"_ _2\"></span>szcie wytworzenia sprze<span class=\"_ _3\"></span>danych produkt\u00f3w.<span class=\"_ _3\"></span> Koszt <span class=\"_ _54\"> </span>wytworzenia <span class=\"_ _54\"> </span>zapasu<span class=\"_ _3\"></span> <span class=\"_ _54\"> </span>wyrob\u00f3w <span class=\"_ _54\"> </span>gotowych, <span class=\"_ _5a\"> </span>p\u00f3\u0142fabrykat\u00f3w i produkcji <span class=\"_ _69\"> </span>w <span class=\"_ _67\"> </span>to<span class=\"_ _2\"></span>ku <span class=\"_ _67\"> </span>obejmuje <span class=\"_ _67\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _67\"> </span>be<span class=\"_ _2\"></span>zpo\u015br<span class=\"_ _3\"></span>ednio <span class=\"_ _69\"> </span>zwi\u0105zane z produkcj\u0105 <span class=\"_ _5e\"> </span>produktu <span class=\"_ _5e\"> </span>oraz <span class=\"_ _5e\"> </span>odpowiednio <span class=\"_ _67\"> </span>prz<span class=\"_ _3\"></span>ypisane <span class=\"_ _5e\"> </span>zmienne i sta\u0142e <span class=\"_ _64\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _64\"> </span>po\u015brednie <span class=\"_ _64\"> </span>produkcji. <span class=\"_ _62\"> </span>Sta\u0142e <span class=\"_ _64\"> </span>po\u015brednie <span class=\"_ _62\"> </span>k<span class=\"_ _3\"></span>oszty produkcji <span class=\"_ _14b\"> </span>przypisuje <span class=\"_ _14b\"> </span>si\u0119 <span class=\"_ _14b\"> </span>przyjmuj\u0105c <span class=\"_ _14b\"> </span>normalny <span class=\"_ _14b\"> </span>poziom<span class=\"_ _3\"></span> wykorzystania zdol<span class=\"_ _3\"></span>no\u015bci produkcyjnych<span class=\"_ _3\"></span>. Wyceny <span class=\"_ _5a\"> </span>bilansow<span class=\"_ _3\"></span>ej <span class=\"_ _5a\"> </span>rozchodu <span class=\"_ _59\"> </span>sk\u0142adnika <span class=\"_ _5a\"> </span>zapas\u00f3w <span class=\"_ _59\"> </span>dokonuje <span class=\"_ _5a\"> </span>si\u0119 wed\u0142ug <span class=\"_ _5a\"> </span>\u015bredniej <span class=\"_ _5a\"> </span>wa\u017conej <span class=\"_ _5a\"> </span>ceny<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>nabycia <span class=\"_ _5a\"> </span>oraz <span class=\"_ _5a\"> </span>\u015bredniowa\u017coneg<span class=\"_ _3\"></span>o rzeczywistego kosztu w<span class=\"_ _3\"></span>ytworzenia. Jako <span class=\"_ _0\"></span>zapasy <span class=\"_ _53\"></span>Grupa <span class=\"_ _0\"></span>klasyfikuje <span class=\"_ _0\"></span>r\u00f3wnie\u017c <span class=\"_ _53\"></span>awaryjne <span class=\"_ _0\"></span>cz\u0119\u015bci <span class=\"_ _0\"></span>zamien<span class=\"_ _3\"></span>ne, kt\u00f3re  nie<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>spe\u0142niaj\u0105  kryteri\u00f3w <span class=\"_ _57\"> </span>ujmowania  jako <span class=\"_ _57\"> </span>rzeczowe  aktywa trwa\u0142e <span class=\"_ _55\"> </span>zgodnie <span class=\"_ _55\"> </span>z <span class=\"_ _55\"> </span>MS<span class=\"_ _2\"></span>R <span class=\"_ _55\"> </span>16 <span class=\"_ _55\"> </span>par. <span class=\"_ _5e\"> </span>7 <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _54\"> </span>zgo<span class=\"_ _2\"></span>dnie <span class=\"_ _55\"> </span>z <span class=\"_ _55\"> </span>zasadami kapitalizacji <span class=\"_ _146\"> </span>istotnych <span class=\"_ _57\"> </span>cz\u0119\u015bci <span class=\"_ _57\"> </span>sk\u0142adowych <span class=\"_ _146\"> </span>przyj\u0119tych <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zasadach rachunkowo\u015bci <span class=\"_ _5d\"> </span>Jednostki <span class=\"_ _5d\"> </span>Dominuj\u0105cej, <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>kt\u00f3rych <span class=\"_ _5d\"> </span>okre\u015blono<span class=\"_ _3\"></span> warto\u015bciowy <span class=\"_ _59\"> </span>pr\u00f3g <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>ziomie <span class=\"_ _57\"> </span>co<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>najmniej <span class=\"_ _59\"> </span>300 <span class=\"_ _57\"> </span>ty<span class=\"_ _2\"></span>s. <span class=\"_ _59\"> </span>PLN, <span class=\"_ _59\"> </span>dla kt\u00f3rych to <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _2\"></span>zamiennych przeprowadza si\u0119 analiz\u0119 <span class=\"_ _2\"></span>pod k\u0105tem spe\u0142nienia <span class=\"_ _56\"> </span>kryteri\u00f3w <span class=\"_ _56\"> </span>kapitalizacji <span class=\"_ _56\"> </span>z <span class=\"_ _56\"> </span>MSR <span class=\"_ _56\"> </span>16. <span class=\"_ _5b\"> </span>W <span class=\"_ _56\"> </span>zwi\u0105zku z powy\u017cszym, <span class=\"_ _0\"></span>jako <span class=\"_ _0\"> </span>zapas <span class=\"_ _1\"> </span>ujmow<span class=\"_ _3\"></span>ane <span class=\"_ _0\"> </span>s<span class=\"_ _2\"></span>\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>szczeg\u00f3lno\u015bci <span class=\"_ _0\"></span>awaryjn<span class=\"_ _3\"></span>e cz\u0119\u015bci <span class=\"_ _5d\"> </span>zami<span class=\"_ _3\"></span>enne, <span class=\"_ _5d\"> </span>kt\u00f3ry<span class=\"_ _3\"></span>ch <span class=\"_ _5d\"> </span>war<span class=\"_ _3\"></span>to\u015b\u0107 <span class=\"_ _5d\"> </span>jest <span class=\"_ _69\"> </span>nieistotna <span class=\"_ _69\"> </span>b\u0105d\u017a <span class=\"_ _5d\"> </span>nie podlegaj\u0105  o<span class=\"_ _2\"></span>ne <span class=\"_ _146\"> </span>wymianom <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>regularnych <span class=\"_ _146\"> </span>odst\u0119pach <span class=\"_ _57\"> </span>czasu, <span class=\"_ _146\"> </span>lub kt\u00f3re, <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>zamontowaniu, <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>awari\u0105 <span class=\"_ _2\"></span>cz\u0119\u015bc<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>zamiennej w <span class=\"_ _59\"> </span>sk\u0142adniku <span class=\"_ _5a\"> </span>rzeczowych <span class=\"_ _59\"> </span>aktyw\u00f3w <span class=\"_ _5a\"> </span>trwa\u0142ych, <span class=\"_ _59\"> </span>nie <span class=\"_ _59\"> </span>przyczyni\u0105 <span class=\"_ _5a\"> </span>si\u0119 do uzyskania <span class=\"_ _5d\"> </span>wi\u0119kszych <span class=\"_ _5d\"> </span>korzy\u015bci <span class=\"_ _5d\"> </span>e<span class=\"_ _2\"></span>konomicznyc<span class=\"_ _3\"></span>h <span class=\"_ _5d\"> </span>z <span class=\"_ _64\"> </span>dalszego u\u017cytkowania <span class=\"_ _5d\"> </span>tego <span class=\"_ _64\"> </span>sk\u0142adnika, <span class=\"_ _5d\"> </span>od <span class=\"_ _64\"> </span>tych <span class=\"_ _64\"> </span>kt\u00f3re <span class=\"_ _64\"> </span>by\u0142y <span class=\"_ _64\"> </span>za\u0142o\u017c<span class=\"_ _3\"></span>one w momencie <span class=\"_ _5f\"> </span>pocz\u0105tkowego <span class=\"_ _5f\"> </span>uj\u0119cia <span class=\"_ _6b\"> </span>sk\u0142adnika <span class=\"_ _5f\"> </span>i <span class=\"_ _6b\"> </span>oddania do u\u017cytkowania. Ko<span class=\"_ _2\"></span>szty <span class=\"_ _2\"></span>takich <span class=\"_ _2\"></span>awaryjnych <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _53\"></span>zamienn<span class=\"_ _3\"></span>ych, <span class=\"_ _2\"></span>jako koszty  bie\u017c\u0105cego  utrzymania  aktyw\u00f3w,  ujmo<span class=\"_ _2\"></span>wane  s\u0105  w <span class=\"_ _146\"> </span>wyniku w momencie ich zu\u017cyc<span class=\"_ _3\"></span>ia. W <span class=\"_ _5e\"> </span>skonsolidowanym <span class=\"_ _55\"> </span>sprawozdaniu <span class=\"_ _55\"> </span>finansowym ilo\u015b\u0107 <span class=\"_ _60\"> </span>zapas\u00f3w <span class=\"_ _60\"> </span>Grupy <span class=\"_ _35\"> </span>Kapita\u0142owej <span class=\"_ _60\"> </span>KGHM INTERNATIONAL LT<span class=\"_ _3\"></span>D. <span class=\"_ _64\"> </span>powstaj\u0105cych <span class=\"_ _5d\"> </span>w <span class=\"_ _64\"> </span>procesie \u0142ugowania,  jest <span class=\"_ _57\"> </span>okre\u015blana  w oparciu <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span> szacowany<span class=\"_ _3\"></span> odzysk <span class=\"_ _14b\"> </span>metalu <span class=\"_ _14b\"> </span>z <span class=\"_ _14b\"> </span>rudy. <span class=\"_ _14b\"> </span>N<span class=\"_ _2\"></span>atura <span class=\"_ _14b\"> </span>procesu wyp\u0142ukiwania <span class=\"_ _74\"> </span>miedzi  z <span class=\"_ _74\"> </span>rudy  ogr<span class=\"_ _3\"></span>anicza  pr<span class=\"_ _3\"></span>ecyzyjne monitorowanie <span class=\"_ _55\"> </span>poziomu <span class=\"_ _5e\"> </span>zapas\u00f3w <span class=\"_ _5e\"> </span>powstaj\u0105cych<span class=\"_ _3\"></span> w wyniku <span class=\"_ _5e\"> </span>tego <span class=\"_ _5e\"> </span>procesu. <span class=\"_ _55\"> </span>W <span class=\"_ _5e\"> </span>kolejnych <span class=\"_ _5e\"> </span>okresach<span class=\"_ _3\"></span> sprawozdawczych,<span class=\"_ _3\"></span> <span class=\"_ _175\"> </span>dokonuje <span class=\"_ _175\"> </span>si\u0119 <span class=\"_ _175\"> </span>korekty szacowanego  w <span class=\"_ _74\"> </span>danym  okresie  spraw<span class=\"_ _3\"></span>ozdawczym odzysku <span class=\"_ _54\"> </span>miedzi <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>\u0142ugowan<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>rudy <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>poziomu produkcji osi\u0105gni\u0119<span class=\"_ _3\"></span>tej w kolejnym okresi<span class=\"_ _3\"></span>e. Na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>31 <span class=\"_ _59\"> </span>grudnia <span class=\"_ _5a\"> </span>2022 <span class=\"_ _5a\"> </span>r. <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _5a\"> </span>zapas\u00f3w ustalona <span class=\"_ _55\"> </span>pro<span class=\"_ _2\"></span>wizorycznie <span class=\"_ _55\"> </span>wynios\u0142a <span class=\"_ _5e\"> </span>38 <span class=\"_ _5e\"> </span>mln <span class=\"_ _5e\"> </span>PLN (na 31 grudnia <span class=\"_ _3\"></span>2021 r. 99 mln <span class=\"_ _3\"></span>PLN)<span class=\"_ _2\"></span>. Grupa <span class=\"_ _54\"> </span>dokonuje <span class=\"_ _54\"> </span>wyceny <span class=\"_ _54\"> </span>zapas\u00f3w <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>poziomie kosztu <span class=\"_ _64\"> </span>wytworz<span class=\"_ _3\"></span>enia, <span class=\"_ _64\"> </span>nie <span class=\"_ _5d\"> </span>wy\u017cszym <span class=\"_ _64\"> </span>jednak <span class=\"_ _5d\"> </span>od warto\u015bci <span class=\"_ _64\"> </span>netto <span class=\"_ _64\"> </span>mo\u017cliwej <span class=\"_ _64\"> </span>do <span class=\"_ _64\"> </span>uzyskania. <span class=\"_ _62\"> </span>Cen<span class=\"_ _3\"></span>\u0119 sprzeda\u017cy <span class=\"_ _54\"> </span>netto <span class=\"_ _54\"> </span>dla <span class=\"_ _54\"> </span>miedzi <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _54\"> </span>ko\u0144cz\u0105cy okres <span class=\"_ _74\"> </span>sprawozdawczy <span class=\"_ _1\"> </span>Grupa <span class=\"_ _74\"> </span>ustala <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>podstawie notowa\u0144 <span class=\"_ _53\"></span>cen <span class=\"_ _2\"></span>metalu <span class=\"_ _53\"></span>wg <span class=\"_ _2\"></span>krzywej <span class=\"_ _2\"></span>terminowej <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>LME (Londy\u0144skiej <span class=\"_ _0\"></span>Gie\u0142dy <span class=\"_ _0\"></span>Metali) <span class=\"_ _1\"> </span>usta<span class=\"_ _3\"></span>lonej <span class=\"_ _0\"> </span>dla <span class=\"_ _1\"> </span>miesi\u0119cy,<span class=\"_ _3\"></span> w <span class=\"_ _74\"> </span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _74\"> </span>b\u0119dzie <span class=\"_ _74\"> </span>nast\u0119<span class=\"_ _2\"></span>powa\u0142a <span class=\"_ _74\"> </span>sprzeda\u017c <span class=\"_ _74\"> </span>zapas\u00f3w miedzi.<span class=\"_ _192\"> </span>Stan na 31.12.2022 Stan na 31.12.2021 Materia\u0142y 2 084<span class=\"_ _192\"> </span>1 562<span class=\"_ _192\"> </span>P\u00f3\u0142produkty i produk<span class=\"_ _3\"></span>ty w toku 4 835<span class=\"_ _192\"> </span>3 494<span class=\"_ _192\"> </span>Produkty gotowe 1 777<span class=\"_ _192\"> </span>1 195<span class=\"_ _192\"> </span>Towary  206 236<span class=\"_ _192\"> </span>Nota 10.4 <span class=\"_ _65\"> </span><span class=\"ff1\">Razem warto\u015b\u0107 <span class=\"_ _3\"></span>zapas\u00f3w, z tego:<span class=\"_ _3\"></span> </span>8 902<span class=\"_ _192\"> </span>6 487   wykazan<span class=\"_ _3\"></span>e w ramach aktyw\u00f3w pr<span class=\"_ _3\"></span>zeznaczonych do sprz<span class=\"_ _3\"></span>eda\u017cy         (grupa<span class=\"_ _3\"></span> zbycia) - 150  wykazane  <span class=\"_ _3\"></span>jako \u201ezapasy\" <span class=\"_ _26\"> </span>8 90<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>6 337<span class=\"_ _192\"> </span>Nota 4.4<span class=\"_ _192\"> </span>Odpisy <span class=\"_ _3\"></span>aktua<span class=\"_ _2\"></span>lizuj<span class=\"_ _3\"></span>\u0105ce warto\u015b\u0107 zapas\u00f3w w o<span class=\"_ _3\"></span>kresie obrotowy<span class=\"_ _3\"></span>m<span class=\"_ _192\"> </span>od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021 do 31.12.20<span class=\"_ _3\"></span>21 Utworzony odpis <span class=\"_ _3\"></span>w koszty sprzedanych <span class=\"_ _3\"></span>produkt\u00f3w, towar<span class=\"_ _3\"></span>\u00f3w  i materia\u0142\u00f3w* ( 79)<span class=\"_ _192\"> </span>( 47)<span class=\"_ _192\"> </span>Odwr\u00f3cony odpis w k<span class=\"_ _3\"></span>osztach sprzedanych pr<span class=\"_ _3\"></span>odukt\u00f3w, towar\u00f3w <span class=\"_ _3\"></span> i materia\u0142\u00f3w**<span class=\"_ _3\"></span>  55 88<span class=\"_ _192\"> </span>Terminy realizacji <span class=\"_ _3\"></span>zapas\u00f3w<span class=\"_ _192\"> </span>Stan na 31.12.2022 Stan na 31.12.2021 O okresie d\u0142u\u017csz<span class=\"_ _3\"></span>ym ni\u017c 12 miesi\u0119cy od za<span class=\"_ _3\"></span>ko\u0144czenia okresu sprawozdawczeg<span class=\"_ _3\"></span>o  426 216<span class=\"_ _192\"> </span>O okresie do 12 m<span class=\"_ _3\"></span>iesi\u0119cy od zako\u0144cze<span class=\"_ _3\"></span>nia okresu sprawozdaw<span class=\"_ _3\"></span>czego 8 476<span class=\"_ _192\"> </span>6 271<span class=\"_ _192\"> </span>* <span class=\"_ _53\"></span>W <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ym <span class=\"_ _53\"></span>44 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PL<span class=\"_ _2\"></span>N <span class=\"_ _53\"></span>dotyczy <span class=\"_ _53\"></span>u<span class=\"_ _2\"></span>tworzenia <span class=\"_ _53\"></span>odp<span class=\"_ _2\"></span>isu <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>INTERNATIONAL L<span class=\"_ _2\"></span>TD. <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwagi <span class=\"_ _53\"></span>na<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>koszt <span class=\"_ _53\"></span>wytworzenia <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>y\u017cszy <span class=\"_ _53\"></span>ni\u017c <span class=\"_ _53\"></span>warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _53\"></span>netto mo\u017cliw<span class=\"_ _2\"></span>a do uzyskania<span class=\"_ _2\"></span> ze sprzeda\u017cy<span class=\"_ _2\"></span>. ** <span class=\"_ _2\"></span>W <span class=\"_ _53\"></span>tym <span class=\"_ _53\"></span>67 <span class=\"_ _2\"></span>ml<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>otyczy <span class=\"_ _53\"></span>odwr\u00f3<span class=\"_ _2\"></span>cenia <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dpisu <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>KGHM <span class=\"_ _53\"></span>INTERNATIO<span class=\"_ _2\"></span>NAL LTD. <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2021 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwagi <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>ust\u0105pienie <span class=\"_ _53\"></span>przes\u0142an<span class=\"_ _2\"></span>ek <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>owoduj\u0105cych <span class=\"_ _53\"></span>odpis zapasu<span class=\"_ _2\"></span> w poprzednich<span class=\"_ _2\"></span> okresach, tj.<span class=\"_ _2\"></span> zmian\u0119 szacun<span class=\"_ _2\"></span>k\u00f3w (wzrost)<span class=\"_ _2\"></span> ilo\u015bci szacowanej<span class=\"_ _2\"></span> produkcji<span class=\"_ _2\"></span> miedzi z ha\u0142dy<span class=\"_ _2\"></span> \u0142ugowania. Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>okresie <span class=\"_ _2\"></span>por\u00f3wnywalnym, <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _2\"></span>zapas\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>erminem <span class=\"_ _2\"></span>realizacji <span class=\"_ _2\"></span>powy\u017cej <span class=\"_ _2\"></span>12 <span class=\"_ _53\"></span>miesi\u0119cy sk\u0142adaj\u0105 <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>g\u0142\u00f3wnie <span class=\"_ _1\"> </span>zapasy <span class=\"_ _1\"> </span>awar<span class=\"_ _3\"></span>yjne <span class=\"_ _1\"> </span>materia\u0142\u00f3w <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>cz\u0119\u015bci <span class=\"_ _1\"> </span>zamiennych <span class=\"_ _0\"> </span>dla <span class=\"_ _1\"> </span>ut<span class=\"_ _2\"></span>rzymania <span class=\"_ _0\"></span>ci\u0105g\u0142o\u015bci <span class=\"_ _1\"> </span>produkcji <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>produk<span class=\"_ _3\"></span>t gotowy <span class=\"_ _74\"> </span>ren. <span class=\"_ _1\"> </span>Po<span class=\"_ _2\"></span>nadt<span class=\"_ _3\"></span>o <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>G<span class=\"_ _2\"></span>rupie <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _74\"> </span>KGHM <span class=\"_ _1\"> </span>INTERNATIONAL <span class=\"_ _74\"> </span>LTD. <span class=\"_ _74\"> </span>wyst\u0119puje <span class=\"_ _1\"> </span>zapas <span class=\"_ _74\"> </span>rudy, <span class=\"_ _1\"> </span>kt\u00f3<span class=\"_ _2\"></span>ry <span class=\"_ _1\"> </span>zostanie <span class=\"_ _74\"> </span>zu\u017cyty<span class=\"_ _3\"></span> w terminie powy\u017cej 1<span class=\"_ _3\"></span>2 miesi\u0119cy \u0142\u0105cz<span class=\"_ _3\"></span>nie z materia\u0142em eksploa<span class=\"_ _3\"></span>towanym w okresi<span class=\"_ _3\"></span>e bie\u017c\u0105cym o wy\u017cs<span class=\"_ _3\"></span>zej jako\u015bci. Nota 10.2 Nale\u017cn<span class=\"_ _3\"></span>o\u015bci od odbiorc\u00f3w Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w ujmuje si\u0119 pocz\u0105<span class=\"_ _3\"></span>tkowo w cenie transa<span class=\"_ _3\"></span>kcyjnej (chyba, \u017ce nal<span class=\"_ _3\"></span>e\u017cno\u015b\u0107 zawiera <span class=\"_ _3\"></span>istotny komponent finansowy podl<span class=\"_ _3\"></span>egaj\u0105cy wydzieleniu, <span class=\"_ _3\"></span>na skutek czego nale\u017cno\u015b<span class=\"_ _3\"></span>\u0107 jest pocz\u0105tkowo ujm<span class=\"_ _3\"></span>owana w warto\u015bci g<span class=\"_ _3\"></span>odziwej). Po pocz\u0105tkowym uj\u0119<span class=\"_ _3\"></span>ciu nale\u017cno\u015bci od o<span class=\"_ _3\"></span>dbiorc\u00f3w wycenia si\u0119 w <span class=\"_ _3\"></span>nast\u0119puj\u0105cy sp<span class=\"_ _3\"></span>os\u00f3b: -<span class=\"ff8\"> <span class=\"_ _6b\"> </span></span>Nale\u017cno\u015bci <span class=\"_ _5e\"> </span>nie<span class=\"_ _2\"></span>przekazywan<span class=\"_ _3\"></span>e <span class=\"_ _67\"> </span>do <span class=\"_ _67\"> </span>faktoringu <span class=\"_ _5e\"> </span>pe\u0142nego <span class=\"_ _67\"> </span>i <span class=\"_ _67\"> </span>nieoparte <span class=\"_ _67\"> </span>o <span class=\"_ _67\"> </span>formu\u0142<span class=\"_ _3\"></span>\u0119 <span class=\"_ _67\"> </span>cenow\u0105 <span class=\"_ _67\"> </span>M+: <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span> wysoko\u015bci zamortyzowaneg<span class=\"_ _3\"></span>o  kosz<span class=\"_ _3\"></span>tu <span class=\"_ _74\"> </span>z  uwzgl\u0119dni<span class=\"_ _3\"></span>eniem <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>dpis<span class=\"_ _3\"></span>\u00f3w  z <span class=\"_ _1\"> </span>tytu\u0142u  oczek<span class=\"_ _3\"></span>iwanej <span class=\"_ _74\"> </span>straty  kr<span class=\"_ _3\"></span>edytowej <span class=\"_ _74\"> </span>(ECL).  Nal<span class=\"_ _3\"></span>e\u017cno\u015bci<span class=\"_ _3\"></span> od odbiorc\u00f3w z dat\u0105 <span class=\"_ _3\"></span>zapadalno\u015bci <span class=\"_ _3\"></span>poni\u017cej 12 miesi\u0119cy <span class=\"_ _3\"></span>od dnia powstania nie p<span class=\"_ _3\"></span>odlegaj\u0105 dyskonto<span class=\"_ _3\"></span>waniu. -<span class=\"ff8\"> <span class=\"_ _5f\"> </span></span>Nale<span class=\"_ _2\"></span>\u017cno\u015bci  prz<span class=\"_ _3\"></span>ekazywane  do  faktoringu  pe\u0142nego:  w  warto\u015bci  godziwej  przez  wynik  finansowy,  gdzie  warto\u015b\u0107 godziwa <span class=\"_ _1\"> </span>ustalana <span class=\"_ _1\"> </span>jest <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>wysoko\u015bci <span class=\"_ _74\"> </span>ich <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _1\"> </span>bilansowej <span class=\"_ _1\"> </span>pomniejszonej <span class=\"_ _1\"> </span>o <span class=\"_ _74\"> </span>koszty <span class=\"_ _1\"> </span>wynagrodzenia <span class=\"_ _1\"> </span>faktora, <span class=\"_ _1\"> </span>na kt\u00f3re <span class=\"_ _57\"> </span>sk\u0142adaj\u0105 <span class=\"_ _57\"> </span>si\u0119 <span class=\"_ _57\"> </span>m.in. <span class=\"_ _57\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>dsetkow<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>i <span class=\"_ _57\"> </span>koszt <span class=\"_ _146\"> </span>przej\u0119cia <span class=\"_ _59\"> </span>r<span class=\"_ _3\"></span>yzyka. <span class=\"_ _57\"> </span>Ze <span class=\"_ _57\"> </span>wzgl\u0119du <span class=\"_ _59\"> </span>na <span class=\"_ _146\"> </span>kr\u00f3tki <span class=\"_ _57\"> </span>termin <span class=\"_ _57\"> </span>pomi\u0119dzy przekazaniem <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>faktora <span class=\"_ _53\"></span>a <span class=\"_ _2\"></span>je<span class=\"_ _2\"></span>j <span class=\"_ _53\"></span>zap\u0142at\u0105 <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>wzgl\u0119du <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>niskie <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>kredytowe <span class=\"_ _53\"></span>kontrahenta <span class=\"_ _2\"></span>(faktora) <span class=\"_ _2\"></span>warto<span class=\"_ _2\"></span>\u015b\u0107 godziwa <span class=\"_ _2\"></span>tych <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>uwzgl\u0119dnia <span class=\"_ _2\"></span>wp\u0142ywu <span class=\"_ _53\"></span>tych <span class=\"_ _2\"></span>czynnik\u00f3w. <span class=\"_ _2\"></span>Nale\u017cno\u015bci <span class=\"_ _2\"></span>przekazywane <span class=\"_ _2\"></span>do faktoringu <span class=\"_ _2\"></span>pe\u0142nego s\u0105  wy<span class=\"_ _2\"></span>znaczane  do <span class=\"_ _146\"> </span>kategorii <span class=\"_ _57\"> </span>aktyw\u00f3w  finansowych  wycenianych  w <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _146\"> </span>godziwej <span class=\"_ _146\"> </span>przez <span class=\"_ _146\"> </span>wynik <span class=\"_ _57\"> </span>finansowy obowi\u0105zkowo, <span class=\"_ _54\"> </span>poniewa\u017c <span class=\"_ _54\"> </span>zosta\u0142y <span class=\"_ _54\"> </span>zakwalifikowane <span class=\"_ _54\"> </span>do <span class=\"_ _55\"> </span>modelu <span class=\"_ _54\"> </span>biznesowego, <span class=\"_ _54\"> </span>w <span class=\"_ _55\"> </span>ramach <span class=\"_ _55\"> </span>kt\u00f3rego <span class=\"_ _54\"> </span>przep\u0142ywy<span class=\"_ _3\"></span> s\u0105 realizowane wy\u0142\u0105<span class=\"_ _3\"></span>cznie w drodz<span class=\"_ _3\"></span>e sprzeda\u017cy aktyw\u00f3w fina<span class=\"_ _3\"></span>nsowych. -<span class=\"ff8\"> <span class=\"_ _5f\"> </span></span>Nale<span class=\"_ _2\"></span>\u017cno\u015bci o<span class=\"_ _2\"></span>parte <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>formu\u0142\u0119 <span class=\"_ _2\"></span>cenow\u0105 <span class=\"_ _2\"></span>M<span class=\"_ _2\"></span>+: <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _2\"></span>godziwej <span class=\"_ _2\"></span>przez <span class=\"_ _2\"></span>wynik <span class=\"_ _53\"></span>finansowy, <span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>dzie <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>dziwa <span class=\"_ _2\"></span>jest ustalana  jako  wa<span class=\"_ _3\"></span>rto\u015b\u0107  nominal<span class=\"_ _3\"></span>na  (tj.  po  ceni<span class=\"_ _3\"></span>e  z  faktury  s<span class=\"_ _3\"></span>przeda\u017cy)  sk<span class=\"_ _3\"></span>orygowana  o  wp\u0142<span class=\"_ _3\"></span>yw  ryzyka <span class=\"_ _74\"> </span>rynkowego i kredytowego. Korekta z tytu\u0142u ryzyka rynkowego jest obliczana jako r\u00f3\u017cnica pomi\u0119dzy aktualn\u0105 cen\u0105 rynkow\u0105 dla danego <span class=\"_ _1\"> </span>okresu  k<span class=\"_ _3\"></span>wotowania <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>przysz\u0142o\u015bci <span class=\"_ _1\"> </span>(dla <span class=\"_ _74\"> </span>okresu, <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>kt\u00f3rym <span class=\"_ _1\"> </span>nast\u0105pi <span class=\"_ _74\"> </span>ostateczne <span class=\"_ _74\"> </span>ustalenie <span class=\"_ _1\"> </span>ceny  r<span class=\"_ _3\"></span>ozliczenia) a cen\u0105, <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>jakiej <span class=\"_ _74\"> </span>nale\u017cno\u015b\u0107 <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _74\"> </span>uj\u0119ta <span class=\"_ _74\"> </span>w  k<span class=\"_ _3\"></span>si\u0119gach <span class=\"_ _1\"> </span>rachunkowych <span class=\"_ _74\"> </span>(przemno\u017cona <span class=\"_ _1\"> </span>przez <span class=\"_ _74\"> </span>wolumen <span class=\"_ _74\"> </span>sprzeda\u017cy). Korekta <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>ryzyka <span class=\"_ _59\"> </span>kredytoweg<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>jest <span class=\"_ _5a\"> </span>obliczana <span class=\"_ _59\"> </span>w spos\u00f3b <span class=\"_ _59\"> </span>analogiczny <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>kalkulacji <span class=\"_ _59\"> </span>oczekiwanej <span class=\"_ _59\"> </span>straty<span class=\"_ _3\"></span> kredytowej <span class=\"_ _1\"> </span>dla nale\u017cno\u015bci <span class=\"_ _1\"> </span>handlowy<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>wycenianych <span class=\"_ _1\"> </span>wg zamortyzowanego <span class=\"_ _1\"> </span>kosztu. <span class=\"_ _0\"></span>Nale<span class=\"_ _2\"></span>\u017cno\u015bci <span class=\"_ _0\"> </span>oparte <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>formu\u0142\u0119<span class=\"_ _3\"></span> cenow\u0105 <span class=\"_ _74\"> </span>M+  s\u0105 <span class=\"_ _1\"> </span>wyznaczane  do<span class=\"_ _3\"></span>  k<span class=\"_ _3\"></span>ategorii  a<span class=\"_ _3\"></span>ktyw\u00f3w <span class=\"_ _74\"> </span>f<span class=\"_ _2\"></span>inansowyc<span class=\"_ _3\"></span>h <span class=\"_ _74\"> </span>wyce<span class=\"_ _2\"></span>nianych <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>warto\u015bci  godz<span class=\"_ _3\"></span>iwej  pr<span class=\"_ _3\"></span>zez <span class=\"_ _74\"> </span>wy<span class=\"_ _2\"></span>nik finansowy <span class=\"_ _54\"> </span>obowi\u0105zkowo, <span class=\"_ _54\"> </span>poniewa\u017c <span class=\"_ _54\"> </span>nale\u017cno\u015bci <span class=\"_ _55\"> </span>te <span class=\"_ _55\"> </span>nie <span class=\"_ _54\"> </span>zdaj\u0105 <span class=\"_ _55\"> </span>testu <span class=\"_ _55\"> </span>SPPI <span class=\"_ _55\"> </span>(tj. <span class=\"_ _54\"> </span>testu <span class=\"_ _55\"> </span>umownych <span class=\"_ _54\"> </span>przep\u0142yw\u00f3w pieni\u0119\u017cnych) ze wz<span class=\"_ _3\"></span>gl\u0119du wyst\u0119puj\u0105cy w n<span class=\"_ _3\"></span>ich element zmiany c<span class=\"_ _3\"></span>eny po dniu p<span class=\"_ _3\"></span>ocz\u0105tkowego uj\u0119cia nale\u017cno\u015b<span class=\"_ _3\"></span>ci. Nale\u017cno\u015bci wyceniane w <span class=\"_ _3\"></span>warto\u015bci godziwej mog\u0105 podlega\u0107 wycen<span class=\"_ _3\"></span>ie zar\u00f3wno z tytu\u0142u stosowanej formu\u0142y <span class=\"_ _3\"></span>cenowej M+ jak i z <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>przekazania <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>faktoringu. <span class=\"_ _1\"> </span>Wycen <span class=\"_ _74\"> </span>tych <span class=\"_ _1\"> </span>dokonuje <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>nie<span class=\"_ _2\"></span>zale\u017cnie <span class=\"_ _1\"> </span>od <span class=\"_ _1\"> </span>siebie. <span class=\"_ _74\"> </span>Skutek <span class=\"_ _1\"> </span>obydwu <span class=\"_ _1\"> </span>wycen <span class=\"_ _74\"> </span>ujmuje <span class=\"_ _1\"> </span>si\u0119 w wyniku finans<span class=\"_ _3\"></span>owym w pozosta\u0142ych prz<span class=\"_ _3\"></span>ychodach/ (kosztac<span class=\"_ _3\"></span>h) operacyjnych. Grupa <span class=\"_ _0\"></span>nara\u017cona <span class=\"_ _0\"></span>jest<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _53\"></span>kredy<span class=\"_ _2\"></span>towe <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>ryzyko <span class=\"_ _0\"> </span>walutowe <span class=\"_ _1\"> </span>zwi\u0105zane <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>nale\u017cno\u015bciami <span class=\"_ _0\"></span>od <span class=\"_ _1\"> </span>odbiorc\u00f3w. <span class=\"_ _0\"></span>Zarz\u0105dzanie<span class=\"_ _3\"></span> ryzykiem <span class=\"_ _74\"> </span>kredytowym <span class=\"_ _1\"> </span>oraz <span class=\"_ _74\"> </span>ocen\u0119 <span class=\"_ _74\"> </span>jako\u015bci <span class=\"_ _74\"> </span>kredytowej <span class=\"_ _74\"> </span>nale\u017cno\u015bci <span class=\"_ _74\"> </span>przedstawiono <span class=\"_ _1\"> </span>w <span class=\"_ _58\"> </span>Nocie <span class=\"_ _74\"> </span>7.5.2.3. <span class=\"_ _74\"> </span>Informacje <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>tema<span class=\"_ _3\"></span>t ryzyka walutowego prz<span class=\"_ _3\"></span>edstawiono w N<span class=\"_ _3\"></span>ocie 7.5.1.3. Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia warto\u015b\u0107 bila<span class=\"_ _3\"></span>nsow\u0105 nale\u017cno\u015bci <span class=\"_ _3\"></span>od odbiorc\u00f3w oraz kwot\u0119 <span class=\"_ _3\"></span>oczekiwanej straty kred<span class=\"_ _3\"></span>ytowej: Stan na 31.12.2022 Stan na 31.12.2021 Nale\u017cno\u015bci wyceniane w <span class=\"_ _3\"></span>zamortyzowanym <span class=\"_ _3\"></span>koszcie - warto\u015b\u0107 brutto<span class=\"_ _3\"></span>  466 435<span class=\"_ _192\"> </span>Odpis na oczekiwan\u0105<span class=\"_ _3\"></span> strat\u0119 kredytow\u0105 <span class=\"_ _3\"></span> ( 39)<span class=\"_ _192\"> </span>( 36)<span class=\"_ _192\"> </span>Nale\u017cno\u015bci wyceniane w <span class=\"_ _3\"></span>zamortyzowanym <span class=\"_ _3\"></span>koszcie - warto\u015b\u0107 netto<span class=\"_ _3\"></span>  427 399<span class=\"_ _192\"> </span>Nale\u017cno\u015bci wyceniane w <span class=\"_ _3\"></span>warto\u015bci godziwej<span class=\"_ _3\"></span>  751 627<span class=\"_ _192\"> </span>Nota 10.4 Razem, z tego:<span class=\"_ _3\"></span> 1 178<span class=\"_ _192\"> </span>1 026   wykazan<span class=\"_ _3\"></span>e w ramach aktyw\u00f3w pr<span class=\"_ _3\"></span>zeznaczonych do sprz<span class=\"_ _3\"></span>eda\u017cy        (grupa z<span class=\"_ _3\"></span>bycia) - 15  wykazane jako \u201en<span class=\"_ _3\"></span>ale\u017cno\u015bci od odbiorc\u00f3w\" i <span class=\"_ _3\"></span>\u201einne instrument<span class=\"_ _3\"></span>y        finansowe wyce<span class=\"_ _3\"></span>niane w zamortyzowanym k<span class=\"_ _3\"></span>oszcie\" 1 178<span class=\"_ _192\"> </span>1 011<span class=\"_ _192\"> </span>Nota 10.3 Zobowi\u0105<span class=\"_ _3\"></span>zania wobec <span class=\"_ _3\"></span>dostawc\u00f3w i podobne<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na 31.12.2021 Zobowi\u0105zania d\u0142u<span class=\"_ _3\"></span>goterminowe wobec dostawc<span class=\"_ _3\"></span>\u00f3w   186 187<span class=\"_ _192\"> </span>Zobowi\u0105zania kr<span class=\"_ _3\"></span>\u00f3tkoterminowe wobec do<span class=\"_ _3\"></span>stawc\u00f3w  3 076<span class=\"_ _192\"> </span>2 919<span class=\"_ _192\"> </span>Zobowi\u0105zania kr<span class=\"_ _3\"></span>\u00f3tkoterminowe podobn<span class=\"_ _3\"></span>e - faktoring d\u0142u\u017cny  18 95<span class=\"_ _192\"> </span>Nota 10.4 Zobowi\u0105zania wobec <span class=\"_ _3\"></span>dostawc\u00f3w i<span class=\"_ _3\"></span> podobne, z tego:<span class=\"_ _3\"></span> 3 280<span class=\"_ _192\"> </span>3 201   wykazan<span class=\"_ _3\"></span>e w ramach zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>wi\u0105zanych z grup\u0105 z<span class=\"_ _3\"></span>bycia - 40   wykazan<span class=\"_ _3\"></span>e jako \u201ezobowi\u0105zania wobec do<span class=\"_ _3\"></span>stawc\u00f3w i podobne<span class=\"_ _3\"></span>\"     i \u201epozosta\u0142e zobowi\u0105z<span class=\"_ _3\"></span>ania\"-d\u0142ugotermin<span class=\"_ _3\"></span>owe 3 280<span class=\"_ _192\"> </span>3 161 W 2022 r. <span class=\"_ _2\"></span>\u0142\u0105czny <span class=\"_ _2\"></span>ustalony <span class=\"_ _2\"></span>limit <span class=\"_ _2\"></span>zaanga\u017cowania faktor\u00f3w <span class=\"_ _2\"></span>w Grupie <span class=\"_ _2\"></span>Kapita\u0142owej wynosi <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>553 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>(w <span class=\"_ _2\"></span>tym <span class=\"_ _2\"></span>w Je<span class=\"_ _2\"></span>dnostc<span class=\"_ _3\"></span>e Dominuj\u0105cej <span class=\"_ _1\"> </span>1 <span class=\"_ _1\"> </span>500 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN). <span class=\"_ _1\"> </span>Je<span class=\"_ _2\"></span>dnostka <span class=\"_ _1\"> </span>Dominuj\u0105ca <span class=\"_ _1\"> </span>ma <span class=\"_ _1\"> </span>obecnie <span class=\"_ _0\"> </span>dwie<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>umowy <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>\u015bwiadczenie <span class=\"_ _1\"> </span>us\u0142ug <span class=\"_ _1\"> </span>faktoringu, <span class=\"_ _1\"> </span>kt\u00f3ry zosta\u0142 <span class=\"_ _1\"> </span>wdro\u017cony <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>roku <span class=\"_ _74\"> </span>2019 <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>celu <span class=\"_ _74\"> </span>umo\u017cliwienia <span class=\"_ _1\"> </span>dostawcom <span class=\"_ _1\"> </span>szybszego <span class=\"_ _1\"> </span>otrzymania <span class=\"_ _1\"> </span>sp\u0142aty <span class=\"_ _1\"> </span>wie<span class=\"_ _2\"></span>rzytelno\u015bci <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ramach standardowego <span class=\"_ _5a\"> </span>procesu <span class=\"_ _5a\"> </span>zakupoweg<span class=\"_ _3\"></span>o <span class=\"_ _5a\"> </span>realizowanego <span class=\"_ _5a\"> </span>przez <span class=\"_ _5a\"> </span>Jednostk\u0119 <span class=\"_ _5a\"> </span>Dominuj\u0105c\u0105, <span class=\"_ _5a\"> </span>przy <span class=\"_ _5a\"> </span>jednoczesnym <span class=\"_ _5a\"> </span>wyd\u0142u\u017ceniu terminu <span class=\"_ _53\"></span>sp\u0142aty <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>Jednostk\u0119 <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105c\u0105 <span class=\"_ _2\"></span>zobowi\u0105za\u0144 <span class=\"_ _2\"></span>wobec <span class=\"_ _53\"></span>faktora. <span class=\"_ _53\"></span>W <span class=\"_ _2\"></span>bie<span class=\"_ _2\"></span>\u017c\u0105cym <span class=\"_ _2\"></span>roku, <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>wzgl\u0119du <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>br\u0105 <span class=\"_ _2\"></span>sytuacj\u0119 p\u0142ynno\u015bciow\u0105 Jednostki Dominuj<span class=\"_ _3\"></span>\u0105cej, nie by\u0142o przes\u0142anek do korzystania z tej formy rozlicze\u0144, do faktor<span class=\"_ _3\"></span>\u00f3w nie przekazano zobowi\u0105za\u0144 <span class=\"_ _0\"></span>i nie <span class=\"_ _0\"></span>poj<span class=\"_ _2\"></span>awi\u0142y <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>handlowe <span class=\"_ _0\"></span>obj\u0119te <span class=\"_ _0\"></span>faktoringiem <span class=\"_ _0\"> </span>d\u0142u\u017cnym <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>Sp\u00f3\u0142ki Grupy <span class=\"_ _59\"> </span>przekaza\u0142y <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>bie\u017c\u0105cym <span class=\"_ _59\"> </span>roku <span class=\"_ _59\"> </span>obrotowym <span class=\"_ _59\"> </span>do fakt<span class=\"_ _3\"></span>or\u00f3w <span class=\"_ _59\"> </span>zobowi\u0105zania <span class=\"_ _59\"> </span>w \u0142\u0105czn<span class=\"_ _3\"></span>ej <span class=\"_ _59\"> </span>kwocie <span class=\"_ _59\"> </span>72 <span class=\"_ _59\"> </span>mln <span class=\"_ _59\"> </span>PLN <span class=\"_ _59\"> </span>(<span class=\"_ _2\"></span>w <span class=\"_ _59\"> </span>roku<span class=\"_ _3\"></span> zako\u0144czonym 31 grudnia 202<span class=\"_ _3\"></span>1 r. do faktora Jednostka Dominuj\u0105ca prz<span class=\"_ _3\"></span>ekaza\u0142a zobowi\u0105zania w kwocie 988 mln PLN, sp<span class=\"_ _3\"></span>\u00f3\u0142ki Grupy <span class=\"_ _53\"></span>przekaza\u0142y <span class=\"_ _53\"></span>zob<span class=\"_ _3\"></span>owi\u0105zania <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>67 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN). <span class=\"_ _2\"></span>St<span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>zobowi\u0105za\u0144 <span class=\"_ _53\"></span>handlowych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>bj\u0119tych <span class=\"_ _2\"></span>faktoringiem <span class=\"_ _53\"></span>d\u0142u\u017cnym <span class=\"_ _2\"></span>w sp\u00f3\u0142kach Grupy <span class=\"_ _2\"></span>na dzie\u0144 <span class=\"_ _2\"></span>31 grudnia 2022 r.<span class=\"_ _2\"></span> wyni\u00f3<span class=\"_ _2\"></span>s\u0142 18 mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>(na dzie\u0144 <span class=\"_ _2\"></span>31 grudnia 2021 r. w <span class=\"_ _2\"></span>Jednostce <span class=\"_ _2\"></span>Dominuj\u0105cej 55 mln <span class=\"_ _0\"></span>PLN, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>sp\u00f3\u0142kach <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupy <span class=\"_ _53\"></span>40 <span class=\"_ _0\"> </span>mln <span class=\"_ _0\"> </span>PLN). <span class=\"_ _0\"> </span>W bie\u017c\u0105cym <span class=\"_ _0\"></span>roku <span class=\"_ _0\"></span>obrotowym<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>dokona\u0142a <span class=\"_ _0\"></span>p\u0142atno\u015bci <span class=\"_ _53\"></span>na <span class=\"_ _0\"> </span>rzecz <span class=\"_ _0\"></span>faktor\u00f3w <span class=\"_ _0\"></span>w kwocie 150 mln<span class=\"_ _3\"></span> PLN (w roku obrotowym zak<span class=\"_ _3\"></span>o\u0144czonym 31 grudn<span class=\"_ _3\"></span>ia 2021 <span class=\"_ _3\"></span>r. 2 213 mln PLN). Koszty odsetkowe na<span class=\"_ _3\"></span>liczone i poniesi<span class=\"_ _3\"></span>one na rzecz faktora w <span class=\"_ _3\"></span>2022 r. wynios\u0142y 3 <span class=\"_ _3\"></span>mln PLN (w 2021 r<span class=\"_ _3\"></span>. 9 mln PLN). Terminy <span class=\"_ _53\"></span>sp\u0142aty <span class=\"_ _2\"></span>wierzytelno\u015bci <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _2\"></span>faktoringu <span class=\"_ _53\"></span>d\u0142u\u017cnego <span class=\"_ _53\"></span>nie <span class=\"_ _2\"></span>przekraczaj\u0105 <span class=\"_ _53\"></span>12 <span class=\"_ _2\"></span>miesi\u0119<span class=\"_ _2\"></span>cy, <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z czym <span class=\"_ _2\"></span>zo<span class=\"_ _2\"></span>bowi\u0105zania<span class=\"_ _3\"></span> obj\u0119te faktoringiem d<span class=\"_ _3\"></span>\u0142u\u017cnym w ca<span class=\"_ _3\"></span>\u0142o\u015bci prezentowane s\u0105 jak<span class=\"_ _3\"></span>o kr\u00f3tkoterminowe. W  pozycji <span class=\"_ _57\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144  wo<span class=\"_ _2\"></span>bec  dostawc\u00f3w  zawarte  zosta\u0142y <span class=\"_ _57\"> </span>zobowi\u0105zan<span class=\"_ _3\"></span>ia  z <span class=\"_ _146\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u  zakupu,  budowy <span class=\"_ _146\"> </span>\u015brodk\u00f3w  trwa\u0142ych i warto\u015bci <span class=\"_ _59\"> </span>nie<span class=\"_ _2\"></span>materialn<span class=\"_ _3\"></span>ych <span class=\"_ _5a\"> </span>wynosz\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>31 <span class=\"_ _59\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _59\"> </span>2022 <span class=\"_ _5a\"> </span>r. <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>cz\u0119\u015bci <span class=\"_ _5a\"> </span>d\u0142ugoterminowej <span class=\"_ _59\"> </span>185 <span class=\"_ _59\"> </span>mln <span class=\"_ _5a\"> </span>PLN, <span class=\"_ _5a\"> </span>a w cz\u0119\u015bci kr\u00f3tkoterminowej 627<span class=\"_ _3\"></span> mln PLN (na <span class=\"_ _3\"></span>31 grudnia 2021<span class=\"_ _3\"></span> r. odpowiednio 186 mln P<span class=\"_ _3\"></span>LN i 649 mln PLN). Grupa <span class=\"_ _2\"></span>Kapita\u0142owa nara\u017cona <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ryzyko <span class=\"_ _2\"></span>walutowe <span class=\"_ _2\"></span>wynikaj\u0105ce <span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>zobowi\u0105za\u0144 wobec <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>stawc\u00f3w oraz <span class=\"_ _2\"></span>ryzyko <span class=\"_ _2\"></span>p\u0142ynno\u015bci. Informacje na temat r<span class=\"_ _3\"></span>yzyka walutowego pr<span class=\"_ _3\"></span>zedstawiono w N<span class=\"_ _3\"></span>ocie 7.5.1.3 oraz ryzyka<span class=\"_ _3\"></span> p\u0142ynno\u015bci w Nocie 8<span class=\"_ _3\"></span>.3.1.  Warto\u015b\u0107 godziwa z<span class=\"_ _3\"></span>obowi\u0105za\u0144 wobec d<span class=\"_ _3\"></span>ostawc\u00f3w zbli\u017cona jest do i<span class=\"_ _3\"></span>ch warto\u015bci bilans<span class=\"_ _3\"></span>owej.  Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Zobowi\u0105zania <span class=\"_ _57\"> </span>wobec <span class=\"_ _59\"> </span>dostawc\u00f3<span class=\"_ _3\"></span>w <span class=\"_ _59\"> </span>i <span class=\"_ _57\"> </span>podo<span class=\"_ _2\"></span>bne <span class=\"_ _57\"> </span>ujmuje <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _57\"> </span>pocz\u0105tkowo <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _57\"> </span>godziwej <span class=\"_ _57\"> </span>pomniejszonej <span class=\"_ _59\"> </span>o <span class=\"_ _59\"> </span>k<span class=\"_ _3\"></span>oszty transakcyjne i wyc<span class=\"_ _3\"></span>enia si\u0119 na dzie\u0144 ko\u0144cz\u0105c<span class=\"_ _3\"></span>y okres sprawozdaw<span class=\"_ _3\"></span>czy w war<span class=\"_ _3\"></span>to\u015bci zamortyzowaneg<span class=\"_ _3\"></span>o kosztu. Naliczone <span class=\"_ _59\"> </span>odsetki <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>dokonania <span class=\"_ _59\"> </span>sp\u0142aty <span class=\"_ _5a\"> </span>zobowi\u0105za\u0144 <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>terminie <span class=\"_ _5a\"> </span>p\u00f3\u017aniejszym,<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>w <span class=\"_ _59\"> </span>szczeg\u00f3lno\u015bci <span class=\"_ _59\"> </span>przekazanych do faktoringu d\u0142u\u017cn<span class=\"_ _3\"></span>ego, ujmowane s\u0105 <span class=\"_ _3\"></span>w wyniku okresu w pozy<span class=\"_ _3\"></span>cji koszty finans<span class=\"_ _3\"></span>owe. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Zobowi\u0105zania <span class=\"_ _74\"> </span>wobec  dostaw<span class=\"_ _3\"></span>c\u00f3w <span class=\"_ _74\"> </span>i  podobne  pr<span class=\"_ _3\"></span>ezentowane <span class=\"_ _74\"> </span>w  sprawozdaniu <span class=\"_ _74\"> </span>z  sytuacji <span class=\"_ _74\"> </span>finansowej  zawieraj\u0105<span class=\"_ _3\"></span>  r\u00f3wnie\u017c<span class=\"_ _3\"></span> zobowi\u0105zania ha<span class=\"_ _3\"></span>ndlowe przekaza<span class=\"_ _3\"></span>ne do faktoringu d\u0142u\u017cneg<span class=\"_ _3\"></span>o, kt\u00f3re mieszcz\u0105 si\u0119 w <span class=\"_ _3\"></span>kategorii \u201epodobn<span class=\"_ _3\"></span>e\u201d.  Ponadto <span class=\"_ _2\"></span>pozycja <span class=\"_ _53\"></span>\u201ezobowi\u0105zania po<span class=\"_ _2\"></span>dobne\u201d <span class=\"_ _2\"></span>obejmuje <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ak\u017ce <span class=\"_ _2\"></span>zobowi\u0105zania <span class=\"_ _2\"></span>handlowe <span class=\"_ _53\"></span>wewn\u0105trz<span class=\"_ _3\"></span>grupowe <span class=\"_ _2\"></span>przekazane <span class=\"_ _53\"></span>przez<span class=\"_ _3\"></span> d\u0142u\u017cnika <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>faktora, <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>dniesieniu <span class=\"_ _146\"> </span>do <span class=\"_ _59\"> </span>kt\u00f3ry<span class=\"_ _3\"></span>ch <span class=\"_ _57\"> </span>wierzyciel <span class=\"_ _57\"> </span>otrzyma\u0142 <span class=\"_ _57\"> </span>p\u0142atno\u015b\u0107 <span class=\"_ _57\"> </span>od <span class=\"_ _57\"> </span>faktora. <span class=\"_ _57\"> </span>W momencie <span class=\"_ _57\"> </span>przekazania zobowi\u0105zania <span class=\"_ _74\"> </span>do  faktoringu <span class=\"_ _74\"> </span>d\u0142u\u017cnego <span class=\"_ _74\"> </span>Jednostka  D<span class=\"_ _3\"></span>ominuj\u0105ca  uj<span class=\"_ _3\"></span>muje  zobowi\u0105za<span class=\"_ _3\"></span>nie  w<span class=\"_ _3\"></span>obec  fakt<span class=\"_ _3\"></span>ora,  kt\u00f3ry <span class=\"_ _74\"> </span>  w <span class=\"_ _74\"> </span>zwi\u0105zku z dokonaniem <span class=\"_ _54\"> </span>subrogacji <span class=\"_ _54\"> </span>ustawowej <span class=\"_ _54\"> </span>wierzytelno\u015bci <span class=\"_ _55\"> </span>z <span class=\"_ _54\"> </span>prawnego <span class=\"_ _55\"> </span>punktu <span class=\"_ _54\"> </span>widzenia <span class=\"_ _54\"> </span>przejmuje <span class=\"_ _55\"> </span>prawa <span class=\"_ _54\"> </span>i <span class=\"_ _55\"> </span>obowi\u0105zki charakterystyczne dla <span class=\"_ _3\"></span>wierzytelno\u015bci handl<span class=\"_ _3\"></span>owych. Poniewa\u017c <span class=\"_ _0\"></span>faktoring <span class=\"_ _1\"> </span>d\u0142u\u017cny <span class=\"_ _1\"> </span>nie <span class=\"_ _0\"> </span>jest <span class=\"_ _1\"> </span>bezpo\u015brednio <span class=\"_ _0\"> </span>uregulowany <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>MSSF <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zwi\u0105zku <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>niejednoznacznym <span class=\"_ _0\"></span>charakterem transakcji <span class=\"_ _54\"> </span>ni<span class=\"_ _3\"></span>ezb\u0119dne <span class=\"_ _54\"> </span>by\u0142<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>dokonanie <span class=\"_ _5a\"> </span>przez <span class=\"_ _54\"> </span>Jednostk\u0119 <span class=\"_ _5a\"> </span>Dominuj\u0105c\u0105 <span class=\"_ _54\"> </span>istotnego <span class=\"_ _5a\"> </span>os\u0105du <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>zakresie <span class=\"_ _54\"> </span>prezentacji <span class=\"_ _5a\"> </span>sald zobowi\u0105za\u0144 oddanych <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>faktoringu w <span class=\"_ _2\"></span>sprawozdaniu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>sytuacji <span class=\"_ _2\"></span>finansowej <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz prezentacji <span class=\"_ _53\"></span>transak<span class=\"_ _3\"></span>cji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>sprawozdaniu <span class=\"_ _2\"></span>z przep\u0142yw\u00f3w pieni\u0119\u017cnych. Os\u0105d J<span class=\"_ _2\"></span>ednostki Dominuj\u0105cej zgodnie, z <span class=\"_ _2\"></span>kt\u00f3rym <span class=\"_ _2\"></span>prezentacja tych <span class=\"_ _2\"></span>sald w <span class=\"_ _2\"></span>sprawozdaniu z <span class=\"_ _2\"></span>sytuacji finansowej <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach <span class=\"_ _57\"> </span>pozycji <span class=\"_ _59\"> </span>\u201eZobowi\u0105zania <span class=\"_ _59\"> </span>wobec <span class=\"_ _59\"> </span>dostawc\u00f3w <span class=\"_ _57\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>podobne\u201d <span class=\"_ _59\"> </span>znalaz<span class=\"_ _3\"></span>\u0142 <span class=\"_ _59\"> </span>potwierdzenie <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>Interpretacji<span class=\"_ _3\"></span> Komitetu <span class=\"_ _2\"></span>Standard\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>grudnia <span class=\"_ _53\"></span>2020 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>wskazu<span class=\"_ _3\"></span>je, <span class=\"_ _2\"></span>\u017ce<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>termin <span class=\"_ _53\"></span>faktycznej <span class=\"_ _2\"></span>sp\u0142aty <span class=\"_ _2\"></span>zobowi\u0105za\u0144 <span class=\"_ _2\"></span>wobec dostawc\u00f3w <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>bj\u0119tych <span class=\"_ _74\"> </span>umowami <span class=\"_ _74\"> </span>fakto<span class=\"_ _2\"></span>ringu <span class=\"_ _74\"> </span>d\u0142u\u017cnego  j<span class=\"_ _3\"></span>est  d\u0142u\u017cs<span class=\"_ _3\"></span>zy  (do <span class=\"_ _74\"> </span>180  dni) <span class=\"_ _74\"> </span>od  terminu <span class=\"_ _74\"> </span>sp\u0142aty  zob<span class=\"_ _3\"></span>owi\u0105za\u0144  w<span class=\"_ _3\"></span>obec pozosta\u0142ych <span class=\"_ _0\"> </span>dostawc\u00f3w, <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _1\"> </span>zobowi\u0105zania <span class=\"_ _0\"></span>nie <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _1\"> </span>oddawane <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>faktoringu, <span class=\"_ _1\"> </span>kt\u00f3ry <span class=\"_ _1\"> </span>standar<span class=\"_ _3\"></span>dowo <span class=\"_ _1\"> </span>wynosi <span class=\"_ _1\"> </span>60 <span class=\"_ _1\"> </span>dni, <span class=\"_ _1\"> </span>co mo\u017ce  \u015bwiadczy\u0107  na  rzecz  zmiany  charak<span class=\"_ _3\"></span>teru  tych  zobowi\u0105za\u0144  z  handlowego  na  d\u0142u\u017cny.  J<span class=\"_ _3\"></span>ednak\u017ce  cecha  ta  zosta\u0142a<span class=\"_ _3\"></span> oceniona <span class=\"_ _146\"> </span>przez <span class=\"_ _57\"> </span>Jednostk\u0119 <span class=\"_ _57\"> </span>Dominuj\u0105c\u0105 <span class=\"_ _146\"> </span>za <span class=\"_ _57\"> </span>niewystarczaj\u0105c\u0105, <span class=\"_ _146\"> </span>aby <span class=\"_ _57\"> </span>uzna\u0107, <span class=\"_ _57\"> </span>\u017ce <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>momencie <span class=\"_ _57\"> </span>przekazania <span class=\"_ _146\"> </span>zo<span class=\"_ _2\"></span>bowi\u0105zania<span class=\"_ _3\"></span> handlowego <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>faktoringu <span class=\"_ _0\"></span>d\u0142u\u017cnego <span class=\"_ _53\"></span>nast\u0105pi\u0142a <span class=\"_ _0\"></span>ca\u0142kowita <span class=\"_ _53\"></span>zmiana <span class=\"_ _0\"></span>charakteru <span class=\"_ _53\"></span>zobowi\u0105zania. <span class=\"_ _0\"></span>Poza <span class=\"_ _53\"></span>powy\u017cszym <span class=\"_ _0\"></span>kryterium,<span class=\"_ _3\"></span> \u017cadne <span class=\"_ _0\"> </span>i<span class=\"_ _2\"></span>nne <span class=\"_ _0\"></span>warunki <span class=\"_ _1\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144 <span class=\"_ _1\"> </span>obj\u0119tych <span class=\"_ _0\"> </span>f<span class=\"_ _2\"></span>aktoringi<span class=\"_ _3\"></span>em <span class=\"_ _1\"> </span>d\u0142u\u017cnym<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>r\u00f3\u017cni\u0105 <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _0\"></span>od <span class=\"_ _1\"> </span>warunk\u00f3w <span class=\"_ _0\"></span>pozosta\u0142ych <span class=\"_ _1\"> </span>zob<span class=\"_ _3\"></span>owi\u0105za\u0144 handlowych.  Nota 10.4 Zmian<span class=\"_ _3\"></span>a stanu kapita\u0142u <span class=\"_ _3\"></span>obrotowego  Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci  Przep\u0142ywy <span class=\"_ _59\"> </span>pieni\u0119\u017cne <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>odsetek <span class=\"_ _59\"> </span>od <span class=\"_ _59\"> </span>transakcji <span class=\"_ _59\"> </span>faktoringu <span class=\"_ _59\"> </span>d\u0142u\u017cnego <span class=\"_ _59\"> </span>prezentowane <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach <span class=\"_ _59\"> </span>przep\u0142yw\u00f3w<span class=\"_ _3\"></span> z dzia\u0142alno\u015bci <span class=\"_ _1\"> </span>finansow<span class=\"_ _3\"></span>ej. <span class=\"_ _1\"> </span>Kwoty <span class=\"_ _1\"> </span>faktycznych <span class=\"_ _1\"> </span>sp\u0142at <span class=\"_ _1\"> </span>wierzytelno\u015bci <span class=\"_ _1\"> </span>podstawowej <span class=\"_ _0\"></span>oddanej <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>faktoringu <span class=\"_ _1\"> </span>d\u0142u\u017cne<span class=\"_ _3\"></span>go <span class=\"_ _1\"> </span>wobec faktora prezentowane s\u0105 <span class=\"_ _2\"></span>w ramach <span class=\"_ _2\"></span>przep\u0142yw\u00f3w z <span class=\"_ _2\"></span>dzia\u0142alno\u015bci operacyjnej i <span class=\"_ _2\"></span>cz\u0119\u015bciowo, r\u00f3wnie\u017c inwestycyjnej. Dodatkowo Jednostka Dominuj\u0105ca w <span class=\"_ _2\"></span>ramach zmiany stanu <span class=\"_ _2\"></span>kapita\u0142u obrotowego w <span class=\"_ _2\"></span>sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych wykazuje<span class=\"_ _3\"></span> w <span class=\"_ _59\"> </span>odr\u0119bnej <span class=\"_ _59\"> </span>linii <span class=\"_ _59\"> </span>\u201eZmian\u0119 <span class=\"_ _59\"> </span>stanu <span class=\"_ _59\"> </span>zobowi\u0105za\u0144 <span class=\"_ _59\"> </span>handlowych <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>ddanych <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>faktoringu\u201d,<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>dla <span class=\"_ _59\"> </span>ce<span class=\"_ _2\"></span>l\u00f3w <span class=\"_ _59\"> </span>jasnej <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>przejrzystej<span class=\"_ _3\"></span> prezentacji. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Jednostka <span class=\"_ _0\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>trakcie <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>kresu <span class=\"_ _0\"></span>zako\u0144czonego <span class=\"_ _53\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _53\"></span>2019 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>wdro\u017cy\u0142a <span class=\"_ _0\"></span>faktoring <span class=\"_ _0\"></span>d\u0142u\u017cny <span class=\"_ _53\"></span>(dalsze <span class=\"_ _0\"></span>info<span class=\"_ _2\"></span>rmacje<span class=\"_ _3\"></span> przedstawiono w N<span class=\"_ _3\"></span>ocie 10.3). Poniewa\u017c <span class=\"_ _59\"> </span>praktyka <span class=\"_ _59\"> </span>rynkowa <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>zakresie <span class=\"_ _59\"> </span>prezentacji <span class=\"_ _59\"> </span>transakcji<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>faktoringu <span class=\"_ _59\"> </span>d\u0142u\u017cnego <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>sprawozdaniu <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>przep\u0142yw\u00f3w<span class=\"_ _3\"></span> pieni\u0119\u017cnych nie jest jednolita, konieczne by\u0142o dokonanie przez Zarz\u0105d os\u0105du w tym obszarze. W przypadku tych <span class=\"_ _2\"></span>transakcj<span class=\"_ _3\"></span>i Jednostka <span class=\"_ _57\"> </span>Dominuj\u0105ca  musia\u0142a <span class=\"_ _57\"> </span>dokona\u0107 <span class=\"_ _57\"> </span>oceny, <span class=\"_ _57\"> </span>czy <span class=\"_ _57\"> </span>wydatki <span class=\"_ _146\"> </span>zwi\u0105zane <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>p\u0142atno<span class=\"_ _2\"></span>\u015bciami  do<span class=\"_ _2\"></span>kona<span class=\"_ _3\"></span>nymi <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>rzecz <span class=\"_ _57\"> </span>faktora powinny <span class=\"_ _2\"></span>by\u0107 <span class=\"_ _53\"></span>zaklasyfikowan<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>przep\u0142yw\u00f3w <span class=\"_ _2\"></span>pieni\u0119\u017cnych <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>dzia\u0142alno\u015bci <span class=\"_ _2\"></span>operacyjnej <span class=\"_ _2\"></span>czy <span class=\"_ _53\"></span>te\u017c <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>przep\u0142yw\u00f3w <span class=\"_ _2\"></span>z dzia\u0142alno\u015bci<span class=\"_ _3\"></span> finansowej  w  r<span class=\"_ _3\"></span>amach  spr<span class=\"_ _3\"></span>awozdania  z <span class=\"_ _74\"> </span>przep\u0142yw\u00f3w  pieni\u0119\u017cnyc<span class=\"_ _3\"></span>h.  Zgodnie  z <span class=\"_ _74\"> </span>MSR7.11  jedn<span class=\"_ _3\"></span>ostka  powinna  pr<span class=\"_ _3\"></span>ezentowa\u0107 przep\u0142ywy <span class=\"_ _53\"></span>pieni\u0119\u017cne <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>dzia\u0142alno\u015bci <span class=\"_ _53\"></span>operacyjnej, <span class=\"_ _53\"></span>inwestycyjnej <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>finansowej <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>spos\u00f3b <span class=\"_ _53\"></span>najbardziej <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>dpowiedni <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>rodzaju prowadzonej <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci, <span class=\"_ _1\"> </span>gdy\u017c <span class=\"_ _1\"> </span>informacja <span class=\"_ _1\"> </span>ta <span class=\"_ _74\"> </span>dostarcza <span class=\"_ _1\"> </span>u\u017cytkownikom <span class=\"_ _1\"> </span>sprawozda\u0144 <span class=\"_ _1\"> </span>finansowych <span class=\"_ _1\"> </span>dane <span class=\"_ _74\"> </span>pozwalaj\u0105ce <span class=\"_ _1\"> </span>na dokonanie <span class=\"_ _0\"></span>oceny <span class=\"_ _0\"></span>wp\u0142ywu <span class=\"_ _0\"> </span>tych\u017ce <span class=\"_ _0\"> </span>dzia\u0142alno\u015bci <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>sytuacj\u0119 <span class=\"_ _0\"></span>finansow\u0105 <span class=\"_ _0\"></span>jednostki <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>kwot\u0119 <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _0\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>i ich<span class=\"_ _3\"></span> ekwiwalent\u00f3w. W zwi\u0105zku z<span class=\"_ _3\"></span> powy\u017cszym w ocenie Jedn<span class=\"_ _3\"></span>ostki Dominuj\u0105cej: -<span class=\"ff8\"> <span class=\"_ _5f\"> </span></span>prezentacja <span class=\"_ _1\"> </span>sp\u0142aty <span class=\"_ _1\"> </span>kwoty <span class=\"_ _1\"> </span>wie<span class=\"_ _2\"></span>rzytelno\u015bci <span class=\"_ _0\"></span>podstawowej <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ramach <span class=\"_ _1\"> </span>fakto<span class=\"_ _2\"></span>ringu <span class=\"_ _0\"> </span>d\u0142<span class=\"_ _2\"></span>u\u017cnego <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>przep\u0142ywach <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci operacyjnej <span class=\"_ _59\"> </span>jest <span class=\"_ _57\"> </span>zgodna <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>celem <span class=\"_ _57\"> </span>poszczeg\u00f3lnych <span class=\"_ _59\"> </span>element<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _59\"> </span>transakcji <span class=\"_ _59\"> </span> <span class=\"_ _59\"> </span>i <span class=\"_ _57\"> </span>sp\u00f3jna <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>prezent<span class=\"_ _3\"></span>acj\u0105 <span class=\"_ _59\"> </span>tych <span class=\"_ _59\"> </span>transakcji<span class=\"_ _3\"></span> w sprawozdaniu <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>sytuacji <span class=\"_ _74\"> </span>finansowej. <span class=\"_ _1\"> </span>W <span class=\"_ _74\"> </span>przypadku <span class=\"_ _74\"> </span>dokonania<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>subrogacji <span class=\"_ _74\"> </span>ustawowej <span class=\"_ _1\"> </span>wierzytelno\u015bci <span class=\"_ _1\"> </span>przez <span class=\"_ _74\"> </span>faktora z prawnego <span class=\"_ _59\"> </span>punktu <span class=\"_ _57\"> </span>widzenia <span class=\"_ _59\"> </span>przejmuje <span class=\"_ _59\"> </span>on praw<span class=\"_ _3\"></span>a <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>obowi\u0105zki <span class=\"_ _59\"> </span>charakterystyczn<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>dla wierzytelno\u015bci <span class=\"_ _57\"> </span>handlowych. Jedynie  przep\u0142yw<span class=\"_ _3\"></span>y  wynikaj\u0105ce  z<span class=\"_ _3\"></span>e  sp\u0142aty  kw<span class=\"_ _3\"></span>ot  wierzytelno\u015bci  p<span class=\"_ _3\"></span>odstawowych,  po<span class=\"_ _3\"></span>chodz\u0105cych  z <span class=\"_ _74\"> </span>zobowi\u0105za\u0144  z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u zakupu, <span class=\"_ _53\"></span>budowy <span class=\"_ _0\"></span>\u015br<span class=\"_ _3\"></span>odk\u00f3w <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>rwa\u0142ych <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _0\"></span>niema<span class=\"_ _3\"></span>terialnych <span class=\"_ _53\"></span>prezentowane <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>ramach <span class=\"_ _53\"></span>dzia\u0142alno\u015bc<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>inwest<span class=\"_ _3\"></span>ycyjnej (dalsze informacj<span class=\"_ _3\"></span>e przedstawiono w <span class=\"_ _3\"></span>Nocie 10.3),   -<span class=\"ff8\"> <span class=\"_ _5f\"> </span></span>natomiast <span class=\"_ _59\"> </span>aspekt <span class=\"_ _59\"> </span>finansowy <span class=\"_ _59\"> </span>zwi\u0105zany <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>transakcj\u0105 <span class=\"_ _59\"> </span>faktoringu <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>wskazany <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>prezentacji <span class=\"_ _59\"> </span>odsetek <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach dzia\u0142alno\u015bci f<span class=\"_ _2\"></span>inansowej<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>Jest <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>sp\u00f3jne <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>ujmowaniem tych <span class=\"_ _2\"></span>odsetek <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kosztach <span class=\"_ _2\"></span>finansowych w <span class=\"_ _2\"></span>sprawozdaniu z <span class=\"_ _2\"></span>wyniku zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>przyj\u0119t\u0105 <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>Jednostk\u0119 <span class=\"_ _0\"></span>Dominuj\u0105c\u0105 <span class=\"_ _1\"> </span>polityk\u0105 <span class=\"_ _0\"></span>rachunkowo\u015bci <span class=\"_ _0\"></span>prezentacji <span class=\"_ _1\"> </span>koszt\u00f3w <span class=\"_ _0\"></span>odsetek <span class=\"_ _1\"> </span>od <span class=\"_ _1\"> </span>faktoringu<span class=\"_ _3\"></span> d\u0142u\u017cnego w dzia<span class=\"_ _3\"></span>\u0142alno\u015bci finansowej. Zapasy<span class=\"_ _192\"> </span>Nale\u017cno\u015bci od odbiorc\u00f3w<span class=\"_ _192\"> </span>Zobowi\u0105zania<span class=\"_ _3\"></span> wobec dostawc\u00f3w Zobowi\u0105zania<span class=\"_ _3\"></span> podobne Kapita\u0142 obrotowy<span class=\"_ _192\"> </span>Stan na 01.01.20<span class=\"_ _3\"></span>22 r.  (6 487)<span class=\"_ _192\"> </span>(1 026)<span class=\"_ _192\"> </span>3 106 95<span class=\"_ _192\"> </span>(4 312)<span class=\"_ _192\"> </span>Stan na 31.12.20<span class=\"_ _3\"></span>22 r. (8 902)<span class=\"_ _192\"> </span>(1 178)<span class=\"_ _192\"> </span>3 262 18<span class=\"_ _192\"> </span>(6 800)<span class=\"_ _192\"> </span>Zmiana stanu w <span class=\"_ _3\"></span>sprawozdaniu  z sytuacji finansow<span class=\"_ _3\"></span>ej (2 415)<span class=\"_ _192\"> </span>( 152) 156<span class=\"_ _192\"> </span>( 77)<span class=\"_ _192\"> </span>(2 488)<span class=\"_ _192\"> </span>R\u00f3\u017cnice kursow<span class=\"_ _3\"></span>e z przeliczenia  sprawozda\u0144 jednos<span class=\"_ _3\"></span>tek o walucie <span class=\"_ _3\"></span> funkcjonalnej innej ni\u017c<span class=\"_ _3\"></span> PLN  43 16<span class=\"_ _192\"> </span>( 17)<span class=\"_ _192\"> </span>- 42<span class=\"_ _192\"> </span>Amortyzacja uj\u0119ta w <span class=\"_ _3\"></span>wycenie zapas\u00f3w  117<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 117<span class=\"_ _192\"> </span>Zmiana stanu z<span class=\"_ _3\"></span>obowi\u0105za\u0144 z tytu\u0142u nabycia rzeczowych aktyw\u00f3w <span class=\"_ _3\"></span>trwa\u0142ych oraz<span class=\"_ _3\"></span> warto\u015bci niematerialn<span class=\"_ _3\"></span>ych -<span class=\"_ _192\"> </span>- 41<span class=\"_ _192\"> </span>- 41<span class=\"_ _192\"> </span>Przekwalifikowani<span class=\"_ _3\"></span>e do rzeczowych aktyw\u00f3w trwa\u0142ych<span class=\"_ _3\"></span> ( 10)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 10)<span class=\"_ _192\"> </span>Przekwalifikowani<span class=\"_ _3\"></span>e z rzeczowych <span class=\"_ _3\"></span>aktyw\u00f3w trwa\u0142ych  16<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 16<span class=\"_ _192\"> </span>Stan na dzie\u0144 utrat<span class=\"_ _3\"></span>y kontroli ( 94)<span class=\"_ _192\"> </span>( 20) 79<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 35)<span class=\"_ _192\"> </span>Korekty   72<span class=\"_ _192\"> </span>( 4) 103<span class=\"_ _192\"> </span>- 171<span class=\"_ _192\"> </span>Zmiana stanu uj\u0119t<span class=\"_ _3\"></span>a w sprawozdaniu  z przep\u0142yw\u00f3w pieni\u0119<span class=\"_ _3\"></span>\u017cnych (2 343)<span class=\"_ _192\"> </span>( 156) 259<span class=\"_ _192\"> </span>( 77)<span class=\"_ _192\"> </span>(2 317)<span class=\"_ _192\"> </span>Zapasy<span class=\"_ _192\"> </span>Nale\u017cno\u015bci od odbiorc\u00f3w<span class=\"_ _192\"> </span>Zobowi\u0105zania<span class=\"_ _3\"></span> wobec dostawc\u00f3w Zobowi\u0105zania<span class=\"_ _3\"></span> podobne Kapita\u0142 obrotowy<span class=\"_ _192\"> </span>Stan na 01.01.20<span class=\"_ _3\"></span>21 r.  (4 459)<span class=\"_ _192\"> </span>( 869)<span class=\"_ _192\"> </span>2 498<span class=\"_ _192\"> </span>1 264<span class=\"_ _192\"> </span>(1 566)<span class=\"_ _192\"> </span>Stan na 31.12.20<span class=\"_ _3\"></span>21 r. (6 487)<span class=\"_ _192\"> </span>(1 026)<span class=\"_ _192\"> </span>3 106 95<span class=\"_ _192\"> </span>(4 312)<span class=\"_ _192\"> </span>Zmiana stanu w <span class=\"_ _3\"></span>sprawozdaniu  z sytuacji finansow<span class=\"_ _3\"></span>ej (2 028)<span class=\"_ _192\"> </span>( 157) 608<span class=\"_ _192\"> </span>(1 169)<span class=\"_ _192\"> </span>(2 746)<span class=\"_ _192\"> </span>R\u00f3\u017cnice kursow<span class=\"_ _3\"></span>e z przeliczenia sprawozda\u0144 jednos<span class=\"_ _3\"></span>tek o walucie <span class=\"_ _3\"></span> funkcjonalnej innej ni\u017c<span class=\"_ _3\"></span> PLN  41 20<span class=\"_ _192\"> </span>( 15)<span class=\"_ _192\"> </span>- 46<span class=\"_ _192\"> </span>Amortyzacja uj\u0119ta w <span class=\"_ _3\"></span>wycenie zapas\u00f3w  91<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 91<span class=\"_ _192\"> </span>Zmiana stanu z<span class=\"_ _3\"></span>obowi\u0105za\u0144 z tytu\u0142u<span class=\"_ _3\"></span> nabycia rzeczowych aktyw\u00f3w <span class=\"_ _3\"></span>trwa\u0142ych oraz<span class=\"_ _3\"></span> warto\u015bci niematerialn<span class=\"_ _3\"></span>ych -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 176) 54<span class=\"_ _192\"> </span>( 122)<span class=\"_ _192\"> </span>Zmiana stanu z<span class=\"_ _3\"></span>obowi\u0105za\u0144 z tytu\u0142u <span class=\"_ _3\"></span>odsetek od faktoringu d\u0142u\u017cn<span class=\"_ _3\"></span>ego -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 1 1<span class=\"_ _192\"> </span>Przekwalifikowani<span class=\"_ _3\"></span>e do rzeczowych aktyw\u00f3w trwa\u0142ych<span class=\"_ _3\"></span> ( 37)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 37)<span class=\"_ _192\"> </span>Korekty   95 20<span class=\"_ _192\"> </span>( 191) 55<span class=\"_ _192\"> </span>( 21)<span class=\"_ _192\"> </span>Zmiana stanu uj\u0119t<span class=\"_ _3\"></span>a w sprawozdaniu  z przep\u0142yw\u00f3w pieni\u0119<span class=\"_ _3\"></span>\u017cnych, w tym:<span class=\"_ _3\"></span> (1 933)<span class=\"_ _192\"> </span>( 137) 417<span class=\"_ _192\"> </span>(1 114)<span class=\"_ _192\"> </span>(2 767)<span class=\"_ _192\"> </span>dotycz\u0105ce aktyw\u00f3w pr<span class=\"_ _3\"></span>zeznaczonych do sprzeda\u017cy (grupa zbyc<span class=\"_ _3\"></span>ia) oraz zobowi\u0105za\u0144<span class=\"_ _3\"></span> zwi\u0105zanych z <span class=\"_ _3\"></span>grup\u0105 zbycia  13<span class=\"_ _192\"> </span>( 26)<span class=\"_ _192\"> </span>( 34)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 47)<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 11 \u2013 \u015awiadczen<span class=\"_ _3\"></span>ia pracownicze<span class=\"_ _3\"></span> Nota 11.1 Zobowi\u0105<span class=\"_ _3\"></span>zania z tytu\u0142u \u015bw<span class=\"_ _3\"></span>iadcze\u0144 pracowniczych Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Grupa <span class=\"_ _53\"></span>zobowi\u0105zana <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>wyp\u0142aty <span class=\"_ _53\"></span>okre\u015blonych <span class=\"_ _53\"></span>\u015bwiadcze\u0144 <span class=\"_ _2\"></span>po <span class=\"_ _53\"></span>okresie <span class=\"_ _53\"></span>zatrudnienia <span class=\"_ _2\"></span>(\u015b<span class=\"_ _2\"></span>wiadcze\u0144 <span class=\"_ _2\"></span>emerytalnych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ytu\u0142u<span class=\"_ _3\"></span> jednorazowych <span class=\"_ _69\"> </span>odpraw <span class=\"_ _69\"> </span>emerytalno-r<span class=\"_ _3\"></span>entowych, <span class=\"_ _69\"> </span>odpraw <span class=\"_ _69\"> </span>po\u015bmiertnych, <span class=\"_ _69\"> </span>ekwiwalentu <span class=\"_ _69\"> </span>w\u0119gloweg<span class=\"_ _3\"></span>o) <span class=\"_ _69\"> </span>oraz <span class=\"_ _69\"> </span>i<span class=\"_ _2\"></span>nnych<span class=\"_ _3\"></span> d\u0142ugoterminowych <span class=\"_ _3\"></span>\u015bwiadcze\u0144 (w <span class=\"_ _3\"></span>postaci nagr\u00f3d jubileusz<span class=\"_ _3\"></span>owych), zgodnie z <span class=\"_ _3\"></span>Zak\u0142adowym Uk\u0142adem <span class=\"_ _3\"></span>Zbiorowym Pracy.<span class=\"_ _3\"></span> Wysoko\u015b\u0107 zo<span class=\"_ _2\"></span>bowi\u0105za\u0144 z tytu\u0142u <span class=\"_ _2\"></span>obu rodzaj\u00f3w <span class=\"_ _2\"></span>\u015bwiadcze\u0144 <span class=\"_ _2\"></span>szacowana jest<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>dzie\u0144 ko\u0144cz\u0105cy <span class=\"_ _2\"></span>okres sprawozdawczy <span class=\"_ _2\"></span>przez niezale\u017cnego aktuariusz<span class=\"_ _3\"></span>a metod\u0105<span class=\"_ _3\"></span> prognozowanych uprawn<span class=\"_ _3\"></span>ie\u0144 jednostkowych. <span class=\"_ _3\"></span> Warto\u015b\u0107 <span class=\"_ _57\"> </span>bie<span class=\"_ _2\"></span>\u017c\u0105c\u0105 <span class=\"_ _57\"> </span>zobowi\u0105zania <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>okre\u015blonych <span class=\"_ _57\"> </span>\u015bwiadcze\u0144 <span class=\"_ _57\"> </span>ust<span class=\"_ _2\"></span>ala <span class=\"_ _57\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>przez <span class=\"_ _57\"> </span>zdyskontowanie <span class=\"_ _57\"> </span>szacowanych przysz\u0142ych <span class=\"_ _74\"> </span>wyp\u0142yw\u00f3w <span class=\"_ _1\"> </span>pieni\u0119\u017cnych <span class=\"_ _1\"> </span>przy <span class=\"_ _74\"> </span>zastosowaniu <span class=\"_ _74\"> </span>st\u00f3p <span class=\"_ _74\"> </span>rentowno\u015bci <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bligacji <span class=\"_ _1\"> </span>skarbowych <span class=\"_ _74\"> </span>wyra\u017conych <span class=\"_ _1\"> </span>w walucie przysz\u0142ej <span class=\"_ _53\"></span>wyp\u0142aty <span class=\"_ _0\"></span>\u015bwiadcze\u0144, <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>terminach <span class=\"_ _0\"></span>zapadaln<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>zbli\u017conych <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>termin\u00f3w <span class=\"_ _53\"></span>regulowania <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>dno\u015bnych <span class=\"_ _53\"></span>zobowi\u0105za\u0144.<span class=\"_ _3\"></span> Zyski <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>straty <span class=\"_ _59\"> </span>aktuarialne <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>wyc<span class=\"_ _2\"></span>eny <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>kre\u015blonych <span class=\"_ _59\"> </span>\u015bwiadcze\u0144 <span class=\"_ _59\"> </span>po <span class=\"_ _5a\"> </span>okresie <span class=\"_ _5a\"> </span>zatrudnienia <span class=\"_ _59\"> </span>ujmuje <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>poz<span class=\"_ _3\"></span>osta\u0142ych ca\u0142kowitych  dochodach  w  okr<span class=\"_ _3\"></span>esie  w  kt\u00f3rym  powsta\u0142y.  Zyski  i  straty  aktuarialne  z  wyceny  pozosta\u0142ych  \u015bwiad<span class=\"_ _3\"></span>cze\u0144 (\u015bwiadczenia z <span class=\"_ _3\"></span>tytu\u0142u nagr\u00f3d jubileusz<span class=\"_ _3\"></span>owych) ujmowane s\u0105 <span class=\"_ _3\"></span>w wyniku finansowym.<span class=\"_ _3\"></span> Wa\u017cne oszacowani<span class=\"_ _3\"></span>a i za\u0142o\u017cenia<span class=\"_ _3\"></span> Zobowi\u0105zanie  bilansowe  z  tyt<span class=\"_ _2\"></span>u\u0142u  przysz\u0142ych  \u015bwiadcze\u0144 <span class=\"_ _146\"> </span>pracowniczych  r\u00f3wne  jes<span class=\"_ _2\"></span>t  warto\u015bci  bie\u017c\u0105cej <span class=\"_ _146\"> </span>zobowi\u0105zania  z <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>kre\u015bl<span class=\"_ _3\"></span>onych <span class=\"_ _1\"> </span>\u015bwiadcze\u0144. <span class=\"_ _1\"> </span>Wyso<span class=\"_ _2\"></span>ko\u015b\u0107 <span class=\"_ _1\"> </span>zobowi\u0105zania <span class=\"_ _1\"> </span>zale\u017cy <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>wielu <span class=\"_ _74\"> </span>czynnik\u00f3w, <span class=\"_ _1\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>wykorzystywane <span class=\"_ _1\"> </span>jako za\u0142o\u017cenia <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>metodzie <span class=\"_ _53\"></span>aktuarialnej. <span class=\"_ _2\"></span>Wszelkie <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>za\u0142o\u017ce\u0144 <span class=\"_ _53\"></span>maj\u0105<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>wp\u0142yw <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>bilansow\u0105 <span class=\"_ _2\"></span>zobowi\u0105zania. <span class=\"_ _2\"></span>Je<span class=\"_ _2\"></span>dnym  z  podstawowych  za\u0142o\u017ce\u0144  dla  ustalenia  wysoko\u015bci  zobowi\u0105zani<span class=\"_ _3\"></span>a  jest  st<span class=\"_ _2\"></span>opa  dyskontowa.  Na  dzie\u0144  ko\u0144cz\u0105cy  okres<span class=\"_ _3\"></span> sprawozdawczy <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>oparciu <span class=\"_ _54\"> </span>o <span class=\"_ _54\"> </span>opini\u0119 <span class=\"_ _5a\"> </span>niezale\u017cnego <span class=\"_ _54\"> </span>aktuariusz<span class=\"_ _3\"></span>a <span class=\"_ _54\"> </span>przyjmuje <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>odpowiedni\u0105 <span class=\"_ _5a\"> </span>sto<span class=\"_ _2\"></span>p\u0119 <span class=\"_ _54\"> </span>dyskonta <span class=\"_ _5a\"> </span>dla podmiot\u00f3w <span class=\"_ _146\"> </span>G<span class=\"_ _2\"></span>rupy  Kapita\u0142owej, <span class=\"_ _146\"> </span>przy <span class=\"_ _57\"> </span>u\u017cyciu <span class=\"_ _57\"> </span>kt\u00f3<span class=\"_ _2\"></span>rej <span class=\"_ _57\"> </span>ustala <span class=\"_ _146\"> </span>si\u0119<span class=\"_ _2\"></span>  warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _57\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _146\"> </span>szacowanych <span class=\"_ _146\"> </span>przysz\u0142ych <span class=\"_ _57\"> </span>wyp\u0142yw\u00f3w pieni\u0119\u017cnych  z  tytu\u0142u  tych  \u015bwiadcze\u0144. Przy  ustalaniu  stopy  dyskont<span class=\"_ _3\"></span>owej  dla  okresu  sprawozdawczego  aktuarius<span class=\"_ _3\"></span>z stosuje <span class=\"_ _5a\"> </span>dost\u0119pne <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>dat\u0119 <span class=\"_ _5a\"> </span>bilansow\u0105 <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>rentowno\u015bci <span class=\"_ _5a\"> </span>obligacji <span class=\"_ _5a\"> </span>Skarbu <span class=\"_ _54\"> </span>Pa\u0144<span class=\"_ _3\"></span>stwa <span class=\"_ _5a\"> </span>o <span class=\"_ _54\"> </span>zapada<span class=\"_ _3\"></span>lno\u015bci <span class=\"_ _5a\"> </span>zbli\u017conej do \u015bredniej zapadaln<span class=\"_ _3\"></span>o\u015bci wycenia<span class=\"_ _3\"></span>nych \u015bwiadcze\u0144. Pozosta\u0142e <span class=\"_ _59\"> </span>za\u0142o\u017cenia <span class=\"_ _5a\"> </span>makroeko<span class=\"_ _3\"></span>nomiczne <span class=\"_ _59\"> </span>wyko<span class=\"_ _2\"></span>rzystywan<span class=\"_ _3\"></span>e <span class=\"_ _5a\"> </span>dla <span class=\"_ _59\"> </span>wyceny <span class=\"_ _5a\"> </span>zobowi\u0105za\u0144 <span class=\"_ _59\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>przysz\u0142ych <span class=\"_ _5a\"> </span>\u015bwiadcze\u0144 pracowniczych, takie jak<span class=\"_ _3\"></span> stopa inflacji czy na<span class=\"_ _3\"></span>jni\u017csze wynagrodzen<span class=\"_ _3\"></span>ie, oparte s\u0105 <span class=\"_ _3\"></span>na obecnych warun<span class=\"_ _3\"></span>kach rynkowych.  Zgodnie <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>MSR <span class=\"_ _74\"> </span>19 <span class=\"_ _74\"> </span>par. <span class=\"_ _74\"> </span>78 <span class=\"_ _1\"> </span>za\u0142o<span class=\"_ _2\"></span>\u017cenia <span class=\"_ _74\"> </span>aktuarialne <span class=\"_ _74\"> </span>przyj\u0119te <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>cel\u00f3w <span class=\"_ _74\"> </span>wyceny <span class=\"_ _74\"> </span>\u015bwiadcze\u0144 <span class=\"_ _74\"> </span>pracowniczych <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>Grupie <span class=\"_ _74\"> </span>s\u0105 sp\u00f3jne, <span class=\"_ _67\"> </span>gdy\u017c <span class=\"_ _67\"> </span>o<span class=\"_ _2\"></span>dzwierciedlaj\u0105 <span class=\"_ _67\"> </span>relacje <span class=\"_ _67\"> </span>ekonomiczne <span class=\"_ _67\"> </span>pomi\u0119dzy <span class=\"_ _67\"> </span>t<span class=\"_ _2\"></span>akimi <span class=\"_ _67\"> </span>czynnikami <span class=\"_ _67\"> </span>jak <span class=\"_ _69\"> </span>inflacja, <span class=\"_ _67\"> </span>stopa <span class=\"_ _67\"> </span>wzrostu wynagrodze\u0144, <span class=\"_ _59\"> </span>stopa <span class=\"_ _59\"> </span>dy<span class=\"_ _2\"></span>skonta <span class=\"_ _59\"> </span>oraz <span class=\"_ _5a\"> </span>stopa <span class=\"_ _59\"> </span>wzrostu <span class=\"_ _5a\"> </span>cen <span class=\"_ _59\"> </span>w\u0119gla. <span class=\"_ _59\"> </span>Do<span class=\"_ _2\"></span>datkowa <span class=\"_ _59\"> </span>analiza <span class=\"_ _59\"> </span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _59\"> </span>przygotowana <span class=\"_ _59\"> </span>przez Jednostk\u0119 Dominuj\u0105c\u0105 wykaza\u0142a, \u017ce saldo rezerw uzyskane przy p<span class=\"_ _2\"></span>rzyj\u0119tych za\u0142o\u017ceniach wzrostu wynagrodze\u0144 i wzrostu ceny <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _2\"></span>mo\u017cna <span class=\"_ _53\"></span>uzyska\u0107 <span class=\"_ _2\"></span>przy <span class=\"_ _53\"></span>alternatywnych <span class=\"_ _2\"></span>\u015bcie\u017ckach <span class=\"_ _2\"></span>wzrostu <span class=\"_ _53\"></span>wynagrodze\u0144 <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>poziomie <span class=\"_ _2\"></span>6,0% <span class=\"_ _53\"></span>oraz <span class=\"_ _2\"></span>wzrostu <span class=\"_ _53\"></span>ceny w\u0119gla <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>poziomie <span class=\"_ _0\"></span>6,25%. <span class=\"_ _53\"></span>Bior\u0105c <span class=\"_ _0\"></span>pod <span class=\"_ _0\"></span>uwag\u0119 <span class=\"_ _53\"></span>przyj\u0119t\u0105 <span class=\"_ _0\"></span>stop\u0119 <span class=\"_ _53\"></span>dyskonta <span class=\"_ _0\"></span>finans<span class=\"_ _3\"></span>owego <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>poziomie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>6,75% <span class=\"_ _53\"></span>nale\u017cy <span class=\"_ _0\"></span>uzna\u0107, \u017ce przyj\u0119te do wyc<span class=\"_ _3\"></span>eny za\u0142o\u017cenia pozostaj\u0105 <span class=\"_ _3\"></span>sp\u00f3jne zgodnie z M<span class=\"_ _3\"></span>SR 19 par. 7<span class=\"_ _3\"></span>8. Za\u0142o\u017cenia przyj\u0119te d<span class=\"_ _3\"></span>o wyceny na 3<span class=\"_ _3\"></span>1 grudnia 2022 <span class=\"_ _3\"></span>r. zosta\u0142y przedstawione w Noc<span class=\"_ _3\"></span>ie 11.2. Wra\u017cliwo\u015b\u0107 <span class=\"_ _1\"> </span>zobowi\u0105za\u0144 <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _1\"> </span>przysz\u0142ych <span class=\"_ _1\"> </span>\u015bwiadcze\u0144 <span class=\"_ _74\"> </span>pracowni<span class=\"_ _3\"></span>czych <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>zmiany <span class=\"_ _1\"> </span>za\u0142o\u017ce\u0144 <span class=\"_ _74\"> </span>zosta\u0142a <span class=\"_ _1\"> </span>ustalona <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>salda zobowi\u0105za\u0144 <span class=\"_ _54\"> </span>Jednostki <span class=\"_ _54\"> </span>Dominuj\u0105cej <span class=\"_ _54\"> </span>(saldo <span class=\"_ _54\"> </span>zobowi\u0105za\u0144 <span class=\"_ _54\"> </span>Jednostki <span class=\"_ _54\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _54\"> </span>stanowi <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>bie\u017c\u0105cym <span class=\"_ _55\"> </span>roku <span class=\"_ _54\"> </span>91%, a w poprzednim 88% ca\u0142o<span class=\"_ _2\"></span>\u015bci salda zobowi\u0105za\u0144 Grupy Kapita\u0142owej). W pozosta\u0142ych sp\u00f3\u0142kach Grupy Kapita\u0142owej, z uwagi na <span class=\"_ _2\"></span>nieistotne <span class=\"_ _2\"></span>salda <span class=\"_ _2\"></span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144 <span class=\"_ _2\"></span>z tego <span class=\"_ _2\"></span>tytu\u0142u, <span class=\"_ _2\"></span>wp\u0142yw <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>podstawowych parametr\u00f3w <span class=\"_ _2\"></span>przyj\u0119tyc<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>kalkulacji <span class=\"_ _2\"></span>rezerw na <span class=\"_ _59\"> </span>wysoko\u015b\u0107 <span class=\"_ _59\"> </span>salda <span class=\"_ _59\"> </span>zob<span class=\"_ _3\"></span>owi\u0105za\u0144 <span class=\"_ _59\"> </span>z tytu\u0142u <span class=\"_ _59\"> </span>przysz<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _59\"> </span>\u015bwiadcze\u0144 <span class=\"_ _57\"> </span>pracowniczych <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>skonsolidowanym <span class=\"_ _57\"> </span>sprawozdaniu finansowym by\u0142by ni<span class=\"_ _3\"></span>eistotny. Wp\u0142yw zmian w<span class=\"_ _3\"></span>ska\u017anik\u00f3w na saldo z<span class=\"_ _3\"></span>obowi\u0105za\u0144 (Jednostki <span class=\"_ _3\"></span>Dominuj\u0105cej) Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>wzrost stopy dysk<span class=\"_ _3\"></span>onta o 1 p. p. (231)<span class=\"_ _192\"> </span>(242)<span class=\"_ _192\"> </span>obni\u017cenie stopy dysk<span class=\"_ _3\"></span>onta o 1 p. p. <span class=\"_ _f2\"> </span>278<span class=\"_ _192\"> </span>308<span class=\"_ _192\"> </span>wzrost o 1 p. p. <span class=\"_ _3\"></span>wska\u017anika wzrostu cen w<span class=\"_ _3\"></span>\u0119gla i wska\u017anika wz<span class=\"_ _3\"></span>rostu wynagrodze\u0144 299<span class=\"_ _192\"> </span>228<span class=\"_ _192\"> </span>obni\u017cenie o 1 p. <span class=\"_ _3\"></span>p.  wska\u017anika wz<span class=\"_ _3\"></span>rostu cen w\u0119gla i wska\u017anika wz<span class=\"_ _3\"></span>rostu wynagrodze\u0144 (227)<span class=\"_ _192\"> </span>(177)<span class=\"_ _192\"> </span>Sk\u0142adniki pozycji <span class=\"_ _3\"></span>zobowi\u0105za\u0144 z <span class=\"_ _3\"></span>tyt. \u015bwiadcze\u0144 pracownic<span class=\"_ _3\"></span>zych Stan na 31.12.2022 <span class=\"_ _13a\"> </span> Stan na 31.12.2021 D\u0142ugoterminowe  2 621<span class=\"_ _192\"> </span>2 307<span class=\"_ _192\"> </span>Kr\u00f3tkoterminowe <span class=\"_ _3\"></span>  272 161<span class=\"_ _192\"> </span>Nota 11.2 Zobowi\u0105zania z tytu\u0142u <span class=\"_ _3\"></span>program\u00f3w pr<span class=\"_ _3\"></span>zysz\u0142ych \u015bwiadcze\u0144 pracowniczych, <span class=\"_ _3\"></span>z tego: 2 893<span class=\"_ _192\"> </span>2 468    wykaz<span class=\"_ _3\"></span>ane w ramach zobowi\u0105za\u0144 <span class=\"_ _3\"></span>zwi\u0105zanych z grup\u0105 <span class=\"_ _3\"></span>zbycia - 1    wykaz<span class=\"_ _3\"></span>ane jako \u201ezobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u \u015bwiadcze\u0144 pracowni<span class=\"_ _3\"></span>czych\" 2 893<span class=\"_ _192\"> </span>2 467<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u wynagrodze\u0144  358 297<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u ubezpiecze\u0144 spo\u0142<span class=\"_ _3\"></span>ecznych  296 272<span class=\"_ _192\"> </span>Rozliczenia mi\u0119dzy<span class=\"_ _3\"></span>okresowe kosz<span class=\"_ _3\"></span>t\u00f3w bierne (niewykorzys<span class=\"_ _3\"></span>tane urlopy, premie, inne)  773 719<span class=\"_ _192\"> </span>Pozosta\u0142e kr\u00f3tk<span class=\"_ _3\"></span>oterminowe zobowi\u0105zani<span class=\"_ _3\"></span>a pracownicze, z teg<span class=\"_ _3\"></span>o: 1 427<span class=\"_ _192\"> </span>1 288   wykazan<span class=\"_ _3\"></span>e w ramach zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>wi\u0105zanych z grup\u0105 z<span class=\"_ _3\"></span>bycia - 12   wykazan<span class=\"_ _3\"></span>e jako \u201ezobowi\u0105zania z tytu<span class=\"_ _3\"></span>\u0142u \u015bwiadcze\u0144 pracownicz<span class=\"_ _3\"></span>ych\" 1 427<span class=\"_ _192\"> </span>1 276<span class=\"_ _192\"> </span>Razem zobowi\u0105<span class=\"_ _3\"></span>zania z tytu\u0142u \u015bw<span class=\"_ _3\"></span>iadcze\u0144 pracowniczych 4 320<span class=\"_ _192\"> </span>3 756<span class=\"_ _192\"> </span>Koszty \u015bwiadcze\u0144 <span class=\"_ _3\"></span>pracowniczych od 01.01.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _3\"></span> Koszty wynagrodze<span class=\"_ _3\"></span>\u0144 5 370<span class=\"_ _192\"> </span>4 725<span class=\"_ _192\"> </span>Koszty ubezpiecz<span class=\"_ _3\"></span>e\u0144 spo\u0142ecznych i inn<span class=\"_ _3\"></span>ych \u015bwiadcze\u0144 1 784<span class=\"_ _192\"> </span>1 578<span class=\"_ _192\"> </span>Koszty przysz\u0142ych \u015bwia<span class=\"_ _3\"></span>dcze\u0144  179 140<span class=\"_ _192\"> </span>Nota 4.1 Koszty \u015bwiadcze\u0144 <span class=\"_ _3\"></span>pracowniczych 7 333<span class=\"_ _192\"> </span>6 443<span class=\"_ _192\"> </span>Nota 11.2 Zmi<span class=\"_ _3\"></span>ana stanu zobow<span class=\"_ _3\"></span>i\u0105za\u0144 z tytu\u0142u p<span class=\"_ _3\"></span>rogram\u00f3w przy<span class=\"_ _3\"></span>sz\u0142ych \u015bwi<span class=\"_ _3\"></span>adcze\u0144 pracowniczy<span class=\"_ _3\"></span>ch  Og\u00f3\u0142em zobowi\u0105zani<span class=\"_ _3\"></span>a   Nagrody jubileuszowe  Odprawy<span class=\"_ _3\"></span> emerytalno - rentowe  Ekwiwalent w\u0119glowy  Inne \u015bwiadczenia Stan na dzie\u0144 01<span class=\"_ _3\"></span>.01.2021 3 169 585 4851 966 133Nota 11.1 \u0141\u0105czna kwota ko<span class=\"_ _3\"></span>szt\u00f3w uj\u0119ta w <span class=\"_ _3\"></span>wyniku finansowym<span class=\"_ _3\"></span>  140 25 39 66 10Koszty odsetek<span class=\"_ _3\"></span> <span class=\"_ _183\"> </span><span class=\"ff1\"> 41</span> 7 6 26 2Koszty bie\u017c\u0105c<span class=\"_ _3\"></span>ego zatrudnienia<span class=\"_ _3\"></span> <span class=\"_ _184\"> </span><span class=\"ff1\"> 128</span> 47 33 40 8Zyski aktuarialne u<span class=\"_ _3\"></span>jmowane w <span class=\"_ _3\"></span>wyniku finansowym<span class=\"_ _3\"></span> <span class=\"_ _185\"> </span><span class=\"ff1\">( 29)</span>( 29)---Nota 8.2.2Zyski aktuarialne u<span class=\"_ _3\"></span>jmowane w <span class=\"_ _3\"></span>pozosta\u0142ych ca\u0142kowity<span class=\"_ _3\"></span>ch dochoda<span class=\"_ _3\"></span>ch ( 694)-( 45)( 628)( 21)Wyp\u0142acone \u015bwiadcz<span class=\"_ _3\"></span>enia ( 147)( 58)( 37)( 50)( 2)Stan na dzie\u0144 31<span class=\"_ _3\"></span>.12.2021, z <span class=\"_ _3\"></span>tego: 2 468 552 4421 354 120   wykaza<span class=\"_ _3\"></span>ne w ramach z<span class=\"_ _3\"></span>obowi\u0105za\u0144 zwi\u0105zanych z<span class=\"_ _3\"></span> grup\u0105 zbycia  1- 1--   wykaza<span class=\"_ _3\"></span>ne jako \u201ezobowi\u0105zania <span class=\"_ _3\"></span>z tytu\u0142u \u015bwiadcz<span class=\"_ _3\"></span>e\u0144 pracowniczych<span class=\"_ _3\"></span>\" 2 467 552 4411 354 120Nota 11.1 \u0141\u0105czna kwota ko<span class=\"_ _3\"></span>szt\u00f3w uj\u0119ta w <span class=\"_ _3\"></span>wyniku finansowym<span class=\"_ _3\"></span>  179 52 44 72 11Koszty odsetek<span class=\"_ _3\"></span> <span class=\"_ _183\"> </span><span class=\"ff1\"> 88</span> 19 16 49 4Koszty bie\u017c\u0105c<span class=\"_ _3\"></span>ego zatrudnienia<span class=\"_ _3\"></span> <span class=\"_ _186\"> </span><span class=\"ff1\"> 98</span> 40 28 23 7Zyski aktuarialne u<span class=\"_ _3\"></span>jmowane w <span class=\"_ _3\"></span>wyniku finansowym<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span><span class=\"ff1\">( 7)</span>( 7)---Nota 8.2.2(Zyski)/Straty aktuar<span class=\"_ _3\"></span>ialne ujm<span class=\"_ _3\"></span>owane w pozosta<span class=\"_ _3\"></span>\u0142ych ca\u0142kowitych d<span class=\"_ _3\"></span>ochodach  422-( 20) 480( 38)Wyp\u0142acone \u015bwiadcz<span class=\"_ _3\"></span>enia ( 175)( 68)( 33)( 70)( 4)Zmiany z tytu<span class=\"_ _3\"></span>\u0142u utraty kontroli n<span class=\"_ _3\"></span>ad jednostkami za<span class=\"_ _3\"></span>le\u017cnymi ( 1)-( 1)--Stan na dzie\u0144 31<span class=\"_ _3\"></span>.12.2022, z <span class=\"_ _3\"></span>tego: 2 893 536 4321 836 89   wykaza<span class=\"_ _3\"></span>ne w ramach z<span class=\"_ _3\"></span>obowi\u0105za\u0144 zwi\u0105zanych z<span class=\"_ _3\"></span> grup\u0105 zbycia -----   wykaza<span class=\"_ _3\"></span>ne jako \u201ezobowi\u0105zania <span class=\"_ _3\"></span>z tytu\u0142u \u015bwiadcz<span class=\"_ _3\"></span>e\u0144 pracowniczych<span class=\"_ _3\"></span>\" 2 893 536 4321 836 89Stan na dzie\u0144  3<span class=\"_ _3\"></span>1 grudnia 20222021202020192018Warto\u015b\u0107 bie\u017c\u0105ca z<span class=\"_ _3\"></span>obowi\u0105za\u0144 z ty<span class=\"_ _3\"></span>tu\u0142u \u015bwiadcze\u0144 pra<span class=\"_ _3\"></span>cowniczych 2 8932 4683 1692 7702 618G\u0142\u00f3wne  za\u0142o\u017cenia <span class=\"_ _3\"></span>aktuarialne (Jednostki D<span class=\"_ _3\"></span>ominuj\u0105cej) przyj\u0119<span class=\"_ _3\"></span>te dla cel\u00f3w wyceny n<span class=\"_ _3\"></span>a 31 grudnia 2022<span class=\"_ _3\"></span> r.:  2023<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>2027 i nast\u0119pne - stopa dyskonta<span class=\"_ _3\"></span> 6,75%<span class=\"_ _192\"> </span>6,75%<span class=\"_ _192\"> </span>6,75%<span class=\"_ _192\"> </span>6,75%<span class=\"_ _192\"> </span>6,75% - stopa wzrostu c<span class=\"_ _3\"></span>en w\u0119gla* 87,90%<span class=\"_ _192\"> </span>5,90%<span class=\"_ _192\"> </span>3,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>stopa wzrostu najni\u017csz<span class=\"_ _3\"></span>ego    wynagrodzenia<span class=\"_ _3\"></span> 19,60%<span class=\"_ _192\"> </span>5,70%<span class=\"_ _192\"> </span>5,00%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>4,00% - przewidywana inf<span class=\"_ _3\"></span>lacja 13,10%<span class=\"_ _192\"> </span>5,90%<span class=\"_ _192\"> </span>3,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>przewidywany prz<span class=\"_ _3\"></span>ysz\u0142y wzrost    wynagrodze\u0144<span class=\"_ _3\"></span> 16,00%<span class=\"_ _192\"> </span>9,00%<span class=\"_ _192\"> </span>5,00%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>* <span class=\"_ _2\"></span><span class=\"ff3\">Wzros<span class=\"_ _2\"></span>t <span class=\"_ _53\"></span>cen <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _53\"></span>2023 <span class=\"_ _53\"></span>podan<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>ako <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>arto\u015b\u0107 <span class=\"_ _53\"></span>\u015bredni\u0105<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>dl<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>ws<span class=\"_ _2\"></span>zystkich <span class=\"_ _53\"></span>Oddzia<span class=\"_ _2\"></span>\u0142\u00f3w <span class=\"_ _53\"></span>Jednostki <span class=\"_ _53\"></span>Dominu<span class=\"_ _2\"></span>j\u0105cej. <span class=\"_ _53\"></span>Na <span class=\"_ _2\"></span>kon<span class=\"_ _2\"></span>iec <span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>oku <span class=\"_ _2\"></span>20<span class=\"_ _2\"></span>22 <span class=\"_ _53\"></span>ceny <span class=\"_ _53\"></span>w\u0119gla </span>w poszcze<span class=\"_ _2\"></span>g\u00f3lnych <span class=\"_ _0\"> </span>Odd<span class=\"_ _2\"></span>zia\u0142ach <span class=\"_ _0\"> </span>stano<span class=\"_ _2\"></span>wi\u0105ce <span class=\"_ _0\"></span>podstaw<span class=\"_ _2\"></span>\u0119 <span class=\"_ _0\"></span>dla <span class=\"_ _0\"> </span>usta<span class=\"_ _2\"></span>lenia <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"> </span>by\u0142<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>przedzi<span class=\"_ _2\"></span>ale <span class=\"_ _0\"></span>996,60 <span class=\"_ _0\"></span>PLN/t <span class=\"_ _0\"> </span>\u2013 <span class=\"_ _0\"> </span>1 <span class=\"_ _2\"></span>792,00 <span class=\"_ _0\"></span>PLN/t <span class=\"_ _0\"> </span>\u2013 <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _0\"> </span>2023 nast\u0105pi<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>wyr\u00f3wnanie<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>ceny <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>jednolitego<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>2 150 <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>za<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>ton\u0119, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _53\"></span>2024 <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>nast\u0119p<span class=\"_ _2\"></span>nych <span class=\"_ _53\"></span>lata<span class=\"_ _2\"></span>ch <span class=\"_ _53\"></span>stopa <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>zrostu <span class=\"_ _53\"></span>cen<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _53\"></span>zost<span class=\"_ _2\"></span>a\u0142a przyj\u0119ta<span class=\"_ _2\"></span> na poziomie p<span class=\"_ _2\"></span>rzewidywanej i<span class=\"_ _2\"></span>nflacji.<span class=\"ff2\"> </span>G\u0142\u00f3wne  za\u0142o\u017cenia <span class=\"_ _3\"></span>aktuarialne (Jednostki D<span class=\"_ _3\"></span>ominuj\u0105cej) przyj\u0119<span class=\"_ _3\"></span>te dla cel\u00f3w wyceny n<span class=\"_ _3\"></span>a 31 grudnia 2021<span class=\"_ _3\"></span> r.: 2022<span class=\"_ _192\"> </span>2023<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026 i nast\u0119pne - stopa dyskonta<span class=\"_ _3\"></span> 3,60%<span class=\"_ _192\"> </span>3,60%<span class=\"_ _192\"> </span>3,60%<span class=\"_ _192\"> </span>3,60%<span class=\"_ _192\"> </span>3,60% - stopa wzrostu c<span class=\"_ _3\"></span>en w\u0119gla* 10,00%<span class=\"_ _192\"> </span>3,60%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>stopa wzrostu najni\u017csz<span class=\"_ _3\"></span>ego    wynagrodzenia<span class=\"_ _3\"></span> 7,50%<span class=\"_ _192\"> </span>5,10%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>4,00% - przewidywana inf<span class=\"_ _3\"></span>lacja 7,60%<span class=\"_ _192\"> </span>3,60%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>2,50%<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>przewidywany prz<span class=\"_ _3\"></span>ysz\u0142y wzrost    wynagrodze\u0144<span class=\"_ _3\"></span> 8,00%<span class=\"_ _192\"> </span>6,50%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>4,00%<span class=\"_ _192\"> </span>* <span class=\"_ _53\"></span><span class=\"ff3\">N<span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>kon<span class=\"_ _2\"></span>iec <span class=\"_ _0\"></span>roku <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>ceny <span class=\"_ _0\"></span>w\u0119gla <span class=\"_ _0\"></span>b\u0119d\u0105ce <span class=\"_ _0\"> </span>pod<span class=\"_ _2\"></span>staw\u0105 <span class=\"_ _0\"></span>kalkulacji <span class=\"_ _0\"></span>deputat\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>w\u0119glowych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>p<span class=\"_ _2\"></span>oszczeg\u00f3l<span class=\"_ _2\"></span>nych <span class=\"_ _0\"></span>Oddzia\u0142ach <span class=\"_ _0\"></span>Jedno<span class=\"_ _2\"></span>stki <span class=\"_ _53\"></span>Do<span class=\"_ _2\"></span>minuj\u0105<span class=\"_ _2\"></span>cej <span class=\"_ _53\"></span>by\u0142<span class=\"_ _2\"></span>y </span>w przed<span class=\"_ _2\"></span>ziale <span class=\"_ _2\"></span>887,<span class=\"_ _2\"></span>95 <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N/t <span class=\"_ _2\"></span>\u2013 <span class=\"_ _53\"></span>983,60 <span class=\"_ _53\"></span>PLN/t. <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>przyj<span class=\"_ _2\"></span>\u0119to <span class=\"_ _53\"></span>za\u0142o\u017cenie <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>zrostu <span class=\"_ _53\"></span>cen <span class=\"_ _2\"></span>w\u0119gla<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>10%, <span class=\"_ _53\"></span>, <span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>roku <span class=\"_ _53\"></span>2023 <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ast\u0119pnych <span class=\"_ _53\"></span>latach <span class=\"_ _53\"></span>stopa wzrostu<span class=\"_ _2\"></span> cen w\u0119gla zosta<span class=\"_ _2\"></span>\u0142a przyj\u0119ta n<span class=\"_ _2\"></span>a poziomie<span class=\"_ _2\"></span> przewidywanej in<span class=\"_ _2\"></span>flacji. Zmiana <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>aktuarialnych <span class=\"_ _53\"></span>spowodowana <span class=\"_ _53\"></span>jest <span class=\"_ _53\"></span>zmian\u0105 <span class=\"_ _53\"></span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>zakr<span class=\"_ _3\"></span>esie <span class=\"_ _0\"></span>wzro<span class=\"_ _3\"></span>stu <span class=\"_ _0\"></span>stopy <span class=\"_ _53\"></span>dyskonta <span class=\"_ _53\"></span>oraz wzrost cen w\u0119gla <span class=\"_ _3\"></span>i przewidywanych przysz\u0142<span class=\"_ _3\"></span>ych wzrost\u00f3w  wynagr<span class=\"_ _3\"></span>odze\u0144. Do <span class=\"_ _1\"> </span>aktualizacji <span class=\"_ _0\"></span>zobowi\u0105za\u0144 <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>koniec <span class=\"_ _1\"> </span>bie\u017c\u0105cego <span class=\"_ _1\"> </span>okresu <span class=\"_ _0\"></span>przyj\u0119to <span class=\"_ _1\"> </span>parametry <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>podstawie <span class=\"_ _1\"> </span>dost\u0119pnych <span class=\"_ _0\"></span>prognoz <span class=\"_ _1\"> </span>inflacji, analizy <span class=\"_ _2\"></span>wska\u017anik\u00f3w <span class=\"_ _53\"></span>cen <span class=\"_ _2\"></span>w\u0119gla <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>najni\u017cszego <span class=\"_ _53\"></span>wynagrodzenia <span class=\"_ _2\"></span>oraz p<span class=\"_ _3\"></span>rzewidywanej <span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ntowno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _53\"></span>d\u0142ugotermin<span class=\"_ _3\"></span>owych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>bligacji skarbowych. Podzia\u0142 <span class=\"_ _53\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>aktuarialnyc<span class=\"_ _3\"></span>h <span class=\"_ _53\"></span>na<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sto<span class=\"_ _2\"></span>sunku <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>za\u0142o\u017ce\u0144 <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>31 grudnia<span class=\"_ _3\"></span> 2021 r.<span class=\"fc0\"> </span>Zmiana za\u0142o\u017ce\u0144 fin<span class=\"_ _3\"></span>ansowych ( 7)<span class=\"_ _192\"> </span>Zmiana za\u0142o\u017ce\u0144 d<span class=\"_ _3\"></span>emograficznych ( 40)<span class=\"_ _192\"> </span>Pozosta\u0142e zmiany<span class=\"_ _3\"></span>  462<span class=\"_ _192\"> </span>Razem (zyski)/strat<span class=\"_ _3\"></span>y aktuarialne  415<span class=\"_ _192\"> </span>Podzia\u0142 <span class=\"_ _53\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>aktuarialnyc<span class=\"_ _3\"></span>h <span class=\"_ _53\"></span>na<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sto<span class=\"_ _2\"></span>sunku <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>za\u0142o\u017ce\u0144 <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>31 grudnia<span class=\"_ _3\"></span> 2020 r. Zmiana za\u0142o\u017ce\u0144 fin<span class=\"_ _3\"></span>ansowych ( 713)<span class=\"_ _192\"> </span>Zmiana za\u0142o\u017ce\u0144 d<span class=\"_ _3\"></span>emograficznych ( 111)<span class=\"_ _192\"> </span>Pozosta\u0142e zmiany<span class=\"_ _3\"></span>  101<span class=\"_ _192\"> </span>Razem (zyski)/strat<span class=\"_ _3\"></span>y aktuarialne <span class=\"_ _187\"> </span> ( 723)<span class=\"_ _192\"> </span>Profil zapadaln<span class=\"_ _3\"></span>o\u015bci zobowi\u0105za\u0144 z <span class=\"_ _3\"></span>tytu\u0142u przysz\u0142ych \u015bwi<span class=\"_ _3\"></span>adcze\u0144 pracowniczych<span class=\"_ _3\"></span> Rok zapadalno\u015bci<span class=\"_ _3\"></span>: Og\u00f3\u0142em zobowi\u0105zania<span class=\"_ _192\"> </span>Nagrody jubileuszowe<span class=\"_ _192\"> </span>Odprawy emerytalno - rentowe<span class=\"_ _192\"> </span>Ekwiwalent w\u0119glowy<span class=\"_ _192\"> </span>Inne \u015bwiadczenia<span class=\"_ _192\"> </span>2023  272 68 64 129 11<span class=\"_ _192\"> </span>2024  251 54 63 129 5<span class=\"_ _192\"> </span>2025  198 48 22 123 5<span class=\"_ _192\"> </span>2026  189 44 26 114 5<span class=\"_ _192\"> </span>2027  173 42 21 105 5<span class=\"_ _192\"> </span>Pozosta\u0142e lata 1 810 282 234<span class=\"_ _192\"> </span>1 236 58<span class=\"_ _192\"> </span>Warto\u015b\u0107 zobowi\u0105<span class=\"_ _3\"></span>za\u0144 w sprawozdaniu<span class=\"_ _3\"></span> z sytuacji finansow<span class=\"_ _3\"></span>ej na dzie\u0144  31.12.2022 2 893 538 430<span class=\"_ _192\"> </span>1 836 8<span class=\"_ _192\"> <span class=\"_ _192\"> </span></span>Profil zapadaln<span class=\"_ _3\"></span>o\u015bci zobowi\u0105za\u0144 z <span class=\"_ _3\"></span>tytu\u0142u przysz\u0142ych \u015bwi<span class=\"_ _3\"></span>adcze\u0144 pracowniczych<span class=\"_ _3\"></span> Rok zapadalno\u015bci<span class=\"_ _3\"></span>: Og\u00f3\u0142em zobowi\u0105zania<span class=\"_ _192\"> </span>Nagrody jubileuszowe<span class=\"_ _192\"> </span>Odprawy emerytalno - rentowe<span class=\"_ _192\"> </span>Ekwiwalent w\u0119glowy<span class=\"_ _192\"> </span>Inne \u015bwiadczenia<span class=\"_ _192\"> </span>2022  161 57 39 55 10<span class=\"_ _192\"> </span>2023  191 52 69 66 4<span class=\"_ _192\"> </span>2024  129 41 20 64 4<span class=\"_ _192\"> </span>2025  126 41 20 60 5<span class=\"_ _192\"> </span>2026  125 39 24 57 5<span class=\"_ _192\"> </span>Pozosta\u0142e lata 1 736 324 270<span class=\"_ _192\"> </span>1 052 90<span class=\"_ _192\"> </span>Warto\u015b\u0107 zobowi\u0105<span class=\"_ _3\"></span>za\u0144 w sprawozdaniu<span class=\"_ _3\"></span> z sytuacji finansow<span class=\"_ _3\"></span>ej na dzie\u0144  31.12.2021 2 468 554 442<span class=\"_ _192\"> </span>1 354 118<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 12 \u2013 I<span class=\"_ _2\"></span>nne noty Nota 12.1 Transa<span class=\"_ _3\"></span>kcje z podmiotami p<span class=\"_ _3\"></span>owi\u0105zanymi Zasady <span class=\"_ _59\"> </span>rachunkowo\u015bci <span class=\"_ _59\"> </span>oraz <span class=\"_ _59\"> </span>wa\u017cne <span class=\"_ _59\"> </span>oszacowania <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>za\u0142o<span class=\"_ _2\"></span>\u017cenia <span class=\"_ _59\"> </span>zaprezentowan<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>Cz\u0119\u015bci <span class=\"_ _5a\"> </span>2 <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>10 <span class=\"_ _59\"> </span>m<span class=\"_ _2\"></span>aj\u0105 <span class=\"_ _59\"> </span>zastosowanie do transakcji przepr<span class=\"_ _3\"></span>owadzanych z<span class=\"_ _3\"></span> podmiotami powi\u0105zanym<span class=\"_ _3\"></span>i.<span class=\"_ _192\"> </span>Transakcje Grupy <span class=\"_ _3\"></span>z jednostkami powi\u0105zan<span class=\"_ _3\"></span>ymi obejmuj\u0105 transa<span class=\"_ _3\"></span>kcje z: \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">wsp\u00f3lnym przedsi<span class=\"_ _3\"></span>\u0119wzi\u0119ciem Sierr<span class=\"_ _3\"></span>a Gorda S.C.M.,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">jednostkami, nad <span class=\"_ _3\"></span>kt\u00f3rymi Skarb <span class=\"_ _3\"></span>Pa\u0144stwa sprawuje k<span class=\"_ _3\"></span>ontrol\u0119, wsp\u00f3\u0142kontrol\u0119 lub w<span class=\"_ _3\"></span>ywiera na nie znacz<span class=\"_ _3\"></span>\u0105cy wp\u0142yw,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">zarz\u0105dem oraz<span class=\"_ _3\"></span> organem nadzoruj\u0105cym (wyna<span class=\"_ _3\"></span>grodzenia) <span class=\"_ _3\"></span>\u2013 Nota 12.9. </span></span>Przychody operacyj<span class=\"_ _3\"></span>ne od jednoste<span class=\"_ _3\"></span>k powi\u0105zanych<span class=\"ff2 fc0\"> </span>od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021 do 31.12.20<span class=\"_ _3\"></span>21 Przychody ze sprz<span class=\"_ _3\"></span>eda\u017cy produkt\u00f3w, towa<span class=\"_ _3\"></span>r\u00f3w i materia\u0142\u00f3w <span class=\"_ _3\"></span> do wsp\u00f3lnego prz<span class=\"_ _3\"></span>edsi\u0119wzi\u0119cia 38<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>Przychody odsetk<span class=\"_ _3\"></span>owe od po\u017cyczek udziel<span class=\"_ _3\"></span>onych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu<span class=\"_ _3\"></span> 582<span class=\"_ _192\"> </span>494<span class=\"_ _192\"> </span>Przychody z innych <span class=\"_ _3\"></span>transakcji od <span class=\"_ _3\"></span>wsp\u00f3lnego przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119cia 376<span class=\"_ _192\"> </span>69<span class=\"_ _192\"> </span>Przychody z innych <span class=\"_ _3\"></span>transakcji od <span class=\"_ _3\"></span>pozosta\u0142ych podmiot\u00f3w powi\u0105zanych<span class=\"_ _3\"></span> 11<span class=\"_ _192\"> </span>11<span class=\"_ _192\"> </span>Razem 1 007<span class=\"_ _192\"> </span>597<span class=\"_ _192\"> </span>Zakup od jedn<span class=\"_ _3\"></span>ostek powi\u0105zanyc<span class=\"_ _3\"></span>h od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021 do 31.12.20<span class=\"_ _3\"></span>21 Zakup us\u0142ug, towar\u00f3w i <span class=\"_ _3\"></span>materia\u0142\u00f3w <span class=\"_ _3\"></span>  32 30<span class=\"_ _192\"> </span>Inne transakcje zaku<span class=\"_ _3\"></span>pu   3 2<span class=\"_ _192\"> </span>Razem  35 32<span class=\"_ _192\"> </span>Nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w oraz pozosta\u0142<span class=\"_ _3\"></span>e nale\u017cno\u015bci od podmi<span class=\"_ _3\"></span>ot\u00f3w powi\u0105zanych<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na 31.12.2021 Od wsp\u00f3lnego przeds<span class=\"_ _3\"></span>i\u0119wzi\u0119cia  Sierra<span class=\"_ _3\"></span> Gorda S.C.M. (po\u017cyczki)<span class=\"_ _3\"></span> 9 603<span class=\"_ _192\"> </span>8 314<span class=\"_ _192\"> </span>Od wsp\u00f3lnego przeds<span class=\"_ _3\"></span>i\u0119wzi\u0119cia  Sierra<span class=\"_ _3\"></span> Gorda S.C.M. (pozos<span class=\"_ _3\"></span>ta\u0142e)  69 66<span class=\"_ _192\"> </span>Od pozosta\u0142ych p<span class=\"_ _3\"></span>odmiot\u00f3w powi\u0105z<span class=\"_ _3\"></span>anych  5 3<span class=\"_ _192\"> </span>Razem 9 677<span class=\"_ _192\"> </span>8 383<span class=\"_ _192\"> </span>Zobowi\u0105zania wobec <span class=\"_ _3\"></span>dostawc\u00f3w or<span class=\"_ _3\"></span>az pozosta\u0142e zobowi\u0105<span class=\"_ _3\"></span>zania wobec podmi<span class=\"_ _3\"></span>ot\u00f3w powi\u0105zanyc<span class=\"_ _3\"></span>h Stan na 31.12.2022 Stan na 31.12.2021 Wobec wsp\u00f3lneg<span class=\"_ _3\"></span>o przedsi\u0119wzi\u0119cia  58 58<span class=\"_ _192\"> </span>Wobec pozosta\u0142ych p<span class=\"_ _3\"></span>odmiot\u00f3w powi\u0105za<span class=\"_ _3\"></span>nych  2 1<span class=\"_ _192\"> </span>Razem  60 59<span class=\"_ _192\"> </span>Skarb <span class=\"_ _57\"> </span>Pa\u0144stwa <span class=\"_ _57\"> </span>stanowi <span class=\"_ _57\"> </span>podmiot <span class=\"_ _57\"> </span>kontroluj\u0105cy <span class=\"_ _57\"> </span>KGHM <span class=\"_ _57\"> </span>Polska <span class=\"_ _57\"> </span>Mied\u017a <span class=\"_ _57\"> </span>S.A. <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>najwy\u017cszym<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>szczeblu. <span class=\"_ _57\"> </span>Sp\u00f3\u0142ka <span class=\"_ _57\"> </span>korzysta <span class=\"_ _57\"> </span>ze zwolnienia z <span class=\"_ _2\"></span>ujawniania <span class=\"_ _2\"></span>szczeg\u00f3\u0142owego zakresu <span class=\"_ _2\"></span>informacji <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>temat transakcji <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>rz\u0105dem <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>jednostkami, nad <span class=\"_ _2\"></span>kt\u00f3rymi <span class=\"_ _2\"></span>ten rz\u0105d sprawu<span class=\"_ _3\"></span>je kontrol\u0119 lub wsp\u00f3\u0142kontrol\u0119 lub <span class=\"_ _3\"></span>ma na nie znacz\u0105<span class=\"_ _3\"></span>cy wp\u0142yw (MSR 24.25).<span class=\"_ _3\"></span> Zgodnie  z<span class=\"_ _3\"></span>  zakr<span class=\"_ _3\"></span>esem  MSR  2<span class=\"_ _3\"></span>4.26  na<span class=\"_ _3\"></span>  dzie\u0144 <span class=\"_ _74\"> </span>31  grudnia <span class=\"_ _74\"> </span>2022  r.  i <span class=\"_ _74\"> </span>w<span class=\"_ _2\"></span>  okresie <span class=\"_ _74\"> </span>od  1 <span class=\"_ _74\"> </span>styc<span class=\"_ _2\"></span>znia <span class=\"_ _74\"> </span>do  31 <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _74\"> </span>2022  r.  Grupa Kapita\u0142owa <span class=\"_ _1\"> </span>realizowa\u0142a <span class=\"_ _1\"> </span>nast\u0119puj\u0105ce <span class=\"_ _1\"> </span>transakcje <span class=\"_ _1\"> </span>z rz\u0105dem <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>jednostkami, <span class=\"_ _1\"> </span>nad <span class=\"_ _1\"> </span>kt\u00f3rymi <span class=\"_ _74\"> </span>ten <span class=\"_ _74\"> </span>rz\u0105d <span class=\"_ _1\"> </span>sprawuje <span class=\"_ _1\"> </span>kontrol\u0119 <span class=\"_ _1\"> </span>lub wsp\u00f3\u0142kontrol\u0119 w<span class=\"_ _3\"></span>yr\u00f3\u017cniaj\u0105ce si\u0119 ze wzgl\u0119<span class=\"_ _3\"></span>du na istot\u0119 i kwot\u0119:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">z  tytu\u0142u <span class=\"_ _74\"> </span>umowy  o  ustan<span class=\"_ _3\"></span>owienie <span class=\"_ _74\"> </span>u\u017cytkowania  g\u00f3rnicz<span class=\"_ _3\"></span>ego  w <span class=\"_ _74\"> </span>celu  wydobycia <span class=\"_ _74\"> </span>kopalin  oraz<span class=\"_ _3\"></span>  p<span class=\"_ _3\"></span>oszukiwania <span class=\"_ _74\"> </span>i  rozpoznania </span></span>kopalin <span class=\"_ _2\"></span>\u2013 <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>aldo <span class=\"_ _2\"></span>zobowi\u0105zania<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>soko\u015bci <span class=\"_ _2\"></span>229 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2021 r. <span class=\"_ _2\"></span>228 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN<span class=\"_ _2\"></span>), <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>tym <span class=\"_ _2\"></span>op\u0142<span class=\"_ _2\"></span>aty <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u u\u017cytkowania <span class=\"_ _2\"></span>g\u00f3rniczego <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>elu <span class=\"_ _2\"></span>wydobycia <span class=\"_ _53\"></span>kopalin <span class=\"_ _2\"></span>rozpoznane <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kosztach <span class=\"_ _53\"></span>w wysoko\u015bci <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>mln PLN <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia 2021 r. <span class=\"_ _3\"></span>30 mln PLN), \u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>umowy <span class=\"_ _59\"> </span>o <span class=\"_ _5a\"> </span>\u015bwiadczeni<span class=\"_ _3\"></span>e <span class=\"_ _5a\"> </span>us\u0142ug <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>zakresie <span class=\"_ _59\"> </span>f<span class=\"_ _2\"></span>aktoringu<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>d\u0142<span class=\"_ _2\"></span>u\u017cnego <span class=\"_ _59\"> </span>ze <span class=\"_ _5a\"> </span>sp\u00f3\u0142k\u0105 <span class=\"_ _59\"> </span>PEKAO <span class=\"_ _59\"> </span>F<span class=\"_ _2\"></span>AKTORING <span class=\"_ _59\"> </span>SP. Z O.O., <span class=\"_ _59\"> </span>- </span></span>zobowi\u0105zanie <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>wysoko\u015bci <span class=\"_ _1\"> </span>18 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _1\"> </span>koszty <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>odsetek <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>wy<span class=\"_ _2\"></span>soko\u015bci <span class=\"_ _1\"> </span>3 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN <span class=\"_ _1\"> </span>(na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>31 grudnia <span class=\"_ _1\"> </span>2021 <span class=\"_ _0\"> </span>r.<span class=\"_ _2\"></span> zobowi\u0105zanie w wysoko\u015bci 68 mln PLN oraz koszty z tytu\u0142u odsetek od 1 stycznia do 31 g<span class=\"_ _2\"></span>rudnia 2021 r. w wysoko\u015bci 6 mln PLN),<span class=\"_ _192\"> </span>\u2022<span class=\"_ _192\"> </span>pozosta\u0142e <span class=\"_ _53\"></span>transakcje <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>operacj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>gospodarcze <span class=\"_ _53\"></span>dotycz\u0105ce <span class=\"_ _0\"></span>wymiany <span class=\"_ _53\"></span>walut <span class=\"_ _0\"></span>spot, <span class=\"_ _0\"></span>lokowania <span class=\"_ _53\"></span>\u015brodk\u00f3w <span class=\"_ _0\"></span>pieni\u0119\u017cn<span class=\"_ _3\"></span>ych, <span class=\"_ _0\"></span>udzielania kredyt\u00f3w, <span class=\"_ _0\"> </span>g<span class=\"_ _2\"></span>warancji <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>akredytyw <span class=\"_ _1\"> </span>(w <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>ym <span class=\"_ _1\"> </span>akredyt<span class=\"_ _3\"></span>yw <span class=\"_ _1\"> </span>dokumentowych), <span class=\"_ _0\"></span>prowadzenia <span class=\"_ _0\"> </span>rachunk\u00f3w <span class=\"_ _1\"> </span>bankowych, <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>bs\u0142ugi inkasa <span class=\"_ _59\"> </span>dokumentowego, <span class=\"_ _59\"> </span>obs\u0142ugi <span class=\"_ _59\"> </span>funduszy <span class=\"_ _59\"> </span>celowych <span class=\"_ _59\"> </span>oraz <span class=\"_ _59\"> </span>zawierania <span class=\"_ _59\"> </span>transakcji <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>walutowym <span class=\"_ _59\"> </span>rynku <span class=\"_ _59\"> </span>te<span class=\"_ _2\"></span>rminowym<span class=\"_ _3\"></span> z bankami <span class=\"_ _3\"></span>powi\u0105zanymi ze Skarbem <span class=\"_ _3\"></span>Pa\u0144stwa, \u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">z <span class=\"_ _2\"></span>tytu\u0142u zbyci<span class=\"_ _2\"></span>a na <span class=\"_ _2\"></span>rzecz Polskiego Holdingu <span class=\"_ _2\"></span>Hotelowe<span class=\"_ _3\"></span>go <span class=\"_ _2\"></span>sp. z <span class=\"_ _2\"></span>o.o. wszystkich <span class=\"_ _2\"></span>posiadanych udzia\u0142\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>sp\u00f3\u0142ki INTERFERIE S.A. </span></span>i Interferie Medical SPA<span class=\"_ _3\"></span> sp. z o.o.<span class=\"_ _3\"></span> przychody w kwocie 16<span class=\"_ _3\"></span>7 mln PLN, szczeg\u00f3<span class=\"_ _3\"></span>\u0142y zaprezentowano w <span class=\"_ _3\"></span>Nocie 9.8.2. Sp\u00f3\u0142ki Skarbu Pa\u0144stwa <span class=\"_ _3\"></span>mog\u0105 nabywa\u0107 <span class=\"_ _3\"></span>obligacje emitowane prz<span class=\"_ _3\"></span>ez KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. Pozosta\u0142e <span class=\"_ _2\"></span>transakcje <span class=\"_ _2\"></span>zawarte <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>Grup\u0119 <span class=\"_ _53\"></span>Kapita\u0142ow\u0105 <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>rz\u0105dem <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>jednostkami, <span class=\"_ _2\"></span>nad <span class=\"_ _53\"></span>kt\u00f3rymi <span class=\"_ _2\"></span>ten <span class=\"_ _2\"></span>rz\u0105d <span class=\"_ _53\"></span>sprawuje <span class=\"_ _2\"></span>kontrol\u0119 lub <span class=\"_ _0\"></span>wsp\u00f3\u0142kontrol\u0119 <span class=\"_ _0\"></span>lub <span class=\"_ _1\"> </span>ma <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>nie <span class=\"_ _0\"> </span>znacz\u0105cy <span class=\"_ _1\"> </span>wp\u0142yw, <span class=\"_ _0\"></span>wchodzi\u0142y <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>zakres <span class=\"_ _0\"> </span>no<span class=\"_ _2\"></span>rmalnych,<span class=\"_ _3\"></span> <span class=\"_ _0\"> </span>co<span class=\"_ _2\"></span>dziennyc<span class=\"_ _3\"></span>h <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>peracji <span class=\"_ _0\"></span>gospodarczych.<span class=\"_ _3\"></span> Transakcje te dotycz<span class=\"_ _3\"></span>y\u0142y: \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zakupu <span class=\"_ _57\"> </span>produkt\u00f3w <span class=\"_ _59\"> </span>(energii, <span class=\"_ _57\"> </span>paliw, <span class=\"_ _57\"> </span>us\u0142ug) <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>potrzeby <span class=\"_ _59\"> </span>bie\u017c\u0105cej <span class=\"_ _57\"> </span>dzia\u0142alno\u015bci <span class=\"_ _57\"> </span>operacyjnej. <span class=\"_ _57\"> </span>Obroty <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tytu<span class=\"_ _3\"></span>\u0142u <span class=\"_ _59\"> </span>tych </span></span>transakcji w okresie od 1 stycznia do 31 <span class=\"_ _2\"></span>grudnia 2022 r. <span class=\"_ _2\"></span>wynios\u0142y 2 914 mln PLN <span class=\"_ _2\"></span>(od 1 stycznia do<span class=\"_ _3\"></span> 31 grudnia 2021 r.<span class=\"_ _2\"></span> 1 663 m<span class=\"_ _3\"></span>ln PLN), nierozliczone salda <span class=\"_ _3\"></span>zobowi\u0105za\u0144 z tytu\u0142u tych tran<span class=\"_ _3\"></span>sakcji na dzie\u0144 31<span class=\"_ _3\"></span> grudnia 2022 <span class=\"_ _3\"></span>r. wynios\u0142y 340 mln PLN (na dzie\u0144 31 grud<span class=\"_ _3\"></span>nia 2021 r. 2<span class=\"_ _3\"></span>24 mln PLN), \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">sprzeda\u017cy  do  Sp\u00f3\u0142ek  Skarb<span class=\"_ _3\"></span>u  Pa\u0144stwa.  Obro<span class=\"_ _3\"></span>ty  z  tej  sprzeda\u017cy<span class=\"_ _3\"></span>  w  okresie  od  1 <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>ycznia  do  3<span class=\"_ _3\"></span>1  grudnia <span class=\"_ _74\"> </span>2022  r. </span></span>wynios\u0142y 430 mln PLN (od 1 stycz<span class=\"_ _3\"></span>nia do 31 grudnia 2021 r. 146 mln PLN), nierozliczone salda nale\u017c<span class=\"_ _3\"></span>no\u015bci z tytu\u0142u tych transakcji na dzie\u0144 3<span class=\"_ _3\"></span>1 grudnia 2022<span class=\"_ _3\"></span> r. wynios\u0142y 241 mln <span class=\"_ _3\"></span>PLN (na dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2021 r. 24 mln <span class=\"_ _3\"></span>PLN<span class=\"_ _2\"></span>). Nota 12.2 Dywidendy <span class=\"_ _3\"></span>wyp\u0142acone<span class=\"_ _3\"></span> Zgodnie <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>Uchwa\u0142\u0105 <span class=\"_ _0\"></span>Nr <span class=\"_ _0\"></span>6/202<span class=\"_ _3\"></span>2 <span class=\"_ _0\"></span>Zwyczajnego <span class=\"_ _0\"></span>Walnego <span class=\"_ _0\"></span>Zgr<span class=\"_ _3\"></span>omadzenia <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>dnia <span class=\"_ _0\"></span>21 <span class=\"_ _0\"></span>czerwca <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r.<span class=\"_ _3\"></span> w sprawie <span class=\"_ _2\"></span>podzia\u0142u <span class=\"_ _2\"></span>zysku <span class=\"_ _2\"></span>za <span class=\"_ _53\"></span>rok <span class=\"_ _53\"></span>zako\u0144czony <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _2\"></span>r., <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>kwocie <span class=\"_ _53\"></span>5 169 mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _2\"></span>wyprac<span class=\"_ _2\"></span>owany <span class=\"_ _2\"></span>zysk <span class=\"_ _2\"></span>podzielono w nast\u0119puj\u0105cy <span class=\"_ _53\"></span>spos\u00f3b: <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>dywidend\u0119 <span class=\"_ _53\"></span>dla <span class=\"_ _0\"></span>akcj<span class=\"_ _3\"></span>onariuszy <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kwocie <span class=\"_ _53\"></span>600 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _0\"></span>(<span>3,00</span> <span class=\"_ _53\"></span>PLN/akcj\u0119) <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>przekazanie <span class=\"_ _53\"></span>kwoty 4 569  mln <span class=\"_ _74\"> </span>PLN<span class=\"_ _2\"></span>  na <span class=\"_ _74\"> </span>k<span class=\"_ _2\"></span>apita\u0142  zapasowy  Sp\u00f3<span class=\"_ _3\"></span>\u0142ki.  Zwyczajne  Walne  Z<span class=\"_ _3\"></span>gromadzenie  KGHM <span class=\"_ _74\"> </span>Po<span class=\"_ _2\"></span>lska  Mied\u017a <span class=\"_ _74\"> </span>S.<span class=\"_ _2\"></span>A.  ustali<span class=\"_ _3\"></span>\u0142o  dzie\u0144 dywidendy za rok 2<span class=\"_ _3\"></span>021 na dzie\u0144 7<span class=\"_ _3\"></span> lipca 2022 r<span class=\"_ _3\"></span>., termin wyp\u0142aty dywidendy za <span class=\"_ _3\"></span>rok 2021 na <span class=\"_ _3\"></span>dzie\u0144 14 lipca 2022 r. Zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>Uchwa\u0142\u0105 <span class=\"_ _1\"> </span>Nr <span class=\"_ _0\"> </span>7/2021 <span class=\"_ _1\"> </span>Zwyczajnego <span class=\"_ _0\"></span>Walnego <span class=\"_ _1\"> </span>Zgromadzenia <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _1\"> </span>S.A. <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>dnia <span class=\"_ _1\"> </span>7 <span class=\"_ _0\"> </span>c<span class=\"_ _2\"></span>zerwca <span class=\"_ _0\"> </span>2021 <span class=\"_ _1\"> </span>r. w sprawie <span class=\"_ _2\"></span>podzia\u0142u <span class=\"_ _2\"></span>zysku <span class=\"_ _2\"></span>za <span class=\"_ _53\"></span>rok <span class=\"_ _53\"></span>zako\u0144czony <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _53\"></span>2020 <span class=\"_ _2\"></span>r., <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>kwocie <span class=\"_ _53\"></span>1 779 mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _2\"></span>wyprac<span class=\"_ _2\"></span>owany <span class=\"_ _2\"></span>zysk <span class=\"_ _2\"></span>podzielono w nast\u0119puj\u0105cy <span class=\"_ _53\"></span>spos\u00f3b: <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>dywidend\u0119 <span class=\"_ _53\"></span>dla <span class=\"_ _0\"></span>akcj<span class=\"_ _3\"></span>onariuszy <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kwocie <span class=\"_ _53\"></span>300 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _0\"></span>(<span>1,50</span> <span class=\"_ _53\"></span>PLN/akcj\u0119) <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>przekazanie <span class=\"_ _53\"></span>kwoty 1 479  mln <span class=\"_ _74\"> </span>PLN<span class=\"_ _2\"></span>  na <span class=\"_ _74\"> </span>k<span class=\"_ _2\"></span>apita\u0142  zapasowy  Sp\u00f3<span class=\"_ _3\"></span>\u0142ki.  Zwyczajne  Walne  Z<span class=\"_ _3\"></span>gromadzenie  KGHM <span class=\"_ _74\"> </span>Po<span class=\"_ _2\"></span>lska  Mied\u017a <span class=\"_ _74\"> </span>S.<span class=\"_ _2\"></span>A.  ustali<span class=\"_ _3\"></span>\u0142o  dzie\u0144 dywidendy za rok 2<span class=\"_ _3\"></span>020 na dzie\u0144 2<span class=\"_ _3\"></span>1 czerwca 2021 <span class=\"_ _3\"></span>r., termin wyp\u0142aty dywidendy z<span class=\"_ _3\"></span>a rok 2020 na<span class=\"_ _3\"></span> dzie\u0144 29 czerwca 2021<span class=\"_ _3\"></span> r. Wszystkie akcje Jedn<span class=\"_ _3\"></span>ostki Dominuj\u0105cej s\u0105 <span class=\"_ _3\"></span>akcjami zwyk\u0142ymi. Na dzie\u0144 publikacji <span class=\"_ _3\"></span>nie zosta\u0142a podj<span class=\"_ _3\"></span>\u0119ta decyzja o wyp\u0142acie dy<span class=\"_ _3\"></span>widendy i podziale z<span class=\"_ _3\"></span>ysku za rok 2022<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>Nota 12.3 Poz<span class=\"_ _3\"></span>osta\u0142e aktywa Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"fcf\"> </span>Nale\u017cno\u015bci niestanow<span class=\"_ _3\"></span>i\u0105ce aktyw\u00f3w finans<span class=\"_ _3\"></span>owych ujmuje si\u0119 pocz\u0105<span class=\"_ _3\"></span>tkowo w warto\u015bci nominaln<span class=\"_ _3\"></span>ej i wycenia na dzie\u0144 ko\u0144cz\u0105c<span class=\"_ _3\"></span>y okres sprawozdawczy w<span class=\"_ _3\"></span> kwocie wymagan<span class=\"_ _3\"></span>ej zap\u0142aty.<span class=\"_ _192\"> </span> Stan na 31.12.2022 Stan na 31.12.2021 Pozosta\u0142e aktywa ni<span class=\"_ _3\"></span>efinansowe d\u0142<span class=\"_ _3\"></span>ugoterminowe   220 161<span class=\"_ _192\"> </span>Nieruchomo\u015bci inwe<span class=\"_ _3\"></span>stycyjne   106 105<span class=\"_ _192\"> </span>Rozliczenia mi\u0119dzy<span class=\"_ _3\"></span>okresowe czynne<span class=\"_ _3\"></span>  14 5<span class=\"_ _192\"> </span>Zaliczki niefinanso<span class=\"_ _3\"></span>we  30 23<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u nadp\u0142aty podatku <span class=\"_ _3\"></span>od nieruchomo\u015bci<span class=\"_ _3\"></span>  69 25<span class=\"_ _192\"> </span>Pozosta\u0142e  1 3<span class=\"_ _192\"> </span>Pozosta\u0142e aktywa <span class=\"_ _3\"></span>kr\u00f3tkoterminowe, z t<span class=\"_ _3\"></span>ego: <span class=\"_ _7c\"> </span><span class=\"ff2 fc0\"> </span> 623 337<span class=\"_ _192\"> </span>Nota 7.1 Finansowe  337 172        Kwoty zatrzyman<span class=\"_ _3\"></span>e (kaucje) z tytu\u0142u um<span class=\"_ _3\"></span>\u00f3w d\u0142ugoterminowy<span class=\"_ _3\"></span>ch         o budow\u0119   13 10<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u udzielonych gwar<span class=\"_ _3\"></span>ancji  29 20<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u rozliczonych i<span class=\"_ _3\"></span>nstrument\u00f3w pochodnych<span class=\"_ _3\"></span>  37 10<span class=\"_ _192\"> </span>Nale\u017cno\u015bci dotycz\u0105c<span class=\"_ _3\"></span>e rekompensaty dla sek<span class=\"_ _3\"></span>tor\u00f3w         energoch\u0142onn<span class=\"_ _3\"></span>ych z tytu\u0142u przenosz<span class=\"_ _3\"></span>enia koszt\u00f3w zakupu<span class=\"_ _3\"></span>         upraw<span class=\"_ _3\"></span>nie\u0144 do emisji CO<span class=\"_ _192\"> </span>2 na ceny ener<span class=\"_ _3\"></span>gii elektrycznej  98 41<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u rozliczenia kontraktu na<span class=\"_ _3\"></span> dostaw\u0119          metali do <span class=\"_ _3\"></span>Franco Nevada  113 34<span class=\"_ _192\"> </span>Pozosta\u0142e <span class=\"_ _154\"> </span> 47<span class=\"_ _192\"> </span>57<span class=\"_ _192\"> </span>Niefinansowe  286 165<span class=\"_ _192\"> </span>Zaliczki niefinanso<span class=\"_ _3\"></span>we  108<span class=\"_ _192\"> </span>46<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u wyceny kontrakt\u00f3w d<span class=\"_ _3\"></span>\u0142ugoterminowych<span class=\"_ _3\"></span>  99<span class=\"_ _192\"> </span>62<span class=\"_ _192\"> </span>Nale\u017cno\u015bci z tytu<span class=\"_ _3\"></span>\u0142u ubezpiecze\u0144 maj\u0105tkow<span class=\"_ _3\"></span>ych i osobowych  26<span class=\"_ _192\"> </span>15<span class=\"_ _192\"> </span>Pozosta\u0142e  53 42<span class=\"_ _192\"> </span>Razem d\u0142ugotermin<span class=\"_ _3\"></span>owe i kr\u00f3tkotermin<span class=\"_ _3\"></span>owe, z tego:  843 498   wykazan<span class=\"_ _3\"></span>e w ramach aktyw\u00f3w pr<span class=\"_ _3\"></span>zeznaczonych do sprz<span class=\"_ _3\"></span>eda\u017cy     (grupa z<span class=\"_ _3\"></span>bycia) - 3   wykazan<span class=\"_ _3\"></span>e jako \u201epozosta\u0142e aktywa<span class=\"_ _3\"></span> finansowe\" i \u201epozosta\u0142<span class=\"_ _3\"></span>e     aktywa niefinans<span class=\"_ _3\"></span>owe\"  835 495<span class=\"_ _192\"> </span>Nota 12.4 Poz<span class=\"_ _3\"></span>osta\u0142e zobowi\u0105zani<span class=\"_ _3\"></span>a Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Pozosta\u0142e <span class=\"_ _0\"> </span>zo<span class=\"_ _2\"></span>bowi\u0105zania <span class=\"_ _0\"></span>finansowe <span class=\"_ _0\"> </span>ujmuje <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>pocz\u0105tkowo <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _1\"> </span>godziwej <span class=\"_ _0\"> </span>pomniejszonej <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>koszty <span class=\"_ _1\"> </span>transakcyjne i wycenia si\u0119 na dz<span class=\"_ _3\"></span>ie\u0144 ko\u0144cz\u0105cy ok<span class=\"_ _3\"></span>res sprawozdawczy w <span class=\"_ _3\"></span>warto\u015bci zamortyzowaneg<span class=\"_ _3\"></span>o kosztu. Stan na 31.12.2022 <span class=\"_ _175\"> </span>  Stan na 31.12.2021 Rozliczenia mi\u0119dzy<span class=\"_ _3\"></span>okresowe przychod\u00f3w, w <span class=\"_ _3\"></span>tym:  238 355     Zobowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u umowy na<span class=\"_ _3\"></span> dostaw\u0119 metali do Franco<span class=\"_ _3\"></span>      Nevada  137 210<span class=\"_ _192\"> </span>Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w  186 187<span class=\"_ _192\"> </span>Inne zobowi\u0105zan<span class=\"_ _3\"></span>ia   119 78<span class=\"_ _192\"> </span>Pozosta\u0142e zobowi<span class=\"_ _3\"></span>\u0105zania - d\u0142ugoterminow<span class=\"_ _3\"></span>e, z tego:  543 620   wykazan<span class=\"_ _3\"></span>e w ramach zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>wi\u0105zanych z grup\u0105 z<span class=\"_ _3\"></span>bycia - 3   wykazan<span class=\"_ _3\"></span>e jako \u201epozosta\u0142e zobowi\u0105za<span class=\"_ _3\"></span>nia\"  543 617<span class=\"_ _192\"> </span>Fundusze specjalne<span class=\"_ _3\"></span>* - 412<span class=\"_ _192\"> </span>Rozliczenia mi\u0119dzy<span class=\"_ _3\"></span>okresowe przychod\u00f3w, w <span class=\"_ _3\"></span>tym:  134 147    Zobowi\u0105zania <span class=\"_ _3\"></span>z tytu\u0142u um\u00f3w z klientami<span class=\"_ _3\"></span>  87 106    Otrz<span class=\"_ _3\"></span>ymane nieodp\u0142atnie aktywa<span class=\"_ _3\"></span> trwa\u0142e  2 5<span class=\"_ _192\"> </span>Rozliczenia mi\u0119dzy<span class=\"_ _3\"></span>okresowe bierne kosz<span class=\"_ _3\"></span>t\u00f3w, w tym:  976 830      Rezerwa <span class=\"_ _3\"></span>na zakup pra<span class=\"_ _3\"></span>w maj\u0105tko<span class=\"_ _2\"></span>wych d<span class=\"_ _3\"></span>otycz\u0105cych        zu\u017c<span class=\"_ _3\"></span>ytej ene<span class=\"_ _2\"></span>rgii el<span class=\"_ _3\"></span>ektrycznej   83 98      Op\u0142aty za <span class=\"_ _3\"></span>wprowadzanie gaz\u00f3w i py\u0142\u00f3w d<span class=\"_ _3\"></span>o powietrza  391 260      Inne zar<span class=\"_ _3\"></span>achowane koszty wsp\u00f3\u0142miern<span class=\"_ _3\"></span>e do osi\u0105gni\u0119tych        prz<span class=\"_ _3\"></span>ychod\u00f3w, stanowi\u0105ce przysz<span class=\"_ _3\"></span>\u0142e zobowi\u0105zania oszac<span class=\"_ _3\"></span>owane        na <span class=\"_ _3\"></span>podstawie zawartych um\u00f3w  220 196<span class=\"_ _192\"> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u rozliczonych instrumen<span class=\"_ _3\"></span>t\u00f3w pochodnych<span class=\"_ _3\"></span>  34 159<span class=\"_ _192\"> </span>Inne zobowi\u0105zan<span class=\"_ _3\"></span>ia finansowe  123 99<span class=\"_ _192\"> </span>Inne zobowi\u0105zan<span class=\"_ _3\"></span>ia niefinansowe  62 43<span class=\"_ _192\"> </span>Pozosta\u0142e zobowi<span class=\"_ _3\"></span>\u0105zania - kr\u00f3tkotermin<span class=\"_ _3\"></span>owe, z tego: 1 329<span class=\"_ _192\"> </span>1 690   wykazan<span class=\"_ _3\"></span>e w ramach zobowi\u0105za\u0144 z<span class=\"_ _3\"></span>wi\u0105zanych z grup\u0105 z<span class=\"_ _3\"></span>bycia - 29   wykazan<span class=\"_ _3\"></span>e jako \u201epozosta\u0142e zobowi\u0105za<span class=\"_ _3\"></span>nia\" 1 329<span class=\"_ _192\"> </span>1 661<span class=\"_ _192\"> </span>Razem  d\u0142ugoter<span class=\"_ _3\"></span>minowe i kr\u00f3tkotermin<span class=\"_ _3\"></span>owe 1 872<span class=\"_ _192\"> </span>2 310<span class=\"_ _192\"> </span>*  Zmiana  prezent<span class=\"_ _2\"></span>acji  na  prezentacj\u0119  \u0142\u0105cznie<span class=\"_ _2\"></span>  z  d\u0142ugoterminow\u0105  cz\u0119\u015bci\u0105  Rezerwy  na  koszty  likwida<span class=\"_ _2\"></span>cji  kopal\u0144  i  innych  obiekt\u00f3<span class=\"_ _2\"></span>w, wynika\u0142a<span class=\"_ _2\"></span> ze zmiany os\u0105<span class=\"_ _2\"></span>du w zakresie okresu<span class=\"_ _2\"></span> oczekiwany<span class=\"_ _2\"></span>ch wyp\u0142yw\u00f3<span class=\"_ _2\"></span>w \u015brodk\u00f3w pie<span class=\"_ _2\"></span>ni\u0119\u017cnych z fun<span class=\"_ _2\"></span>duszu, ujawn<span class=\"_ _2\"></span>ienie w Nocie 9.4.<span class=\"_ _192\"> </span>Nota 12.5 Aktyw<span class=\"_ _3\"></span>a, zobowi\u0105zani<span class=\"_ _3\"></span>a nieuj\u0119te w sprawozd<span class=\"_ _3\"></span>aniu z sytuacji finansow<span class=\"_ _3\"></span>ej Warto\u015bci  pozycji <span class=\"_ _74\"> </span>aktyw\u00f3w  i  zobowi\u0105za<span class=\"_ _3\"></span>\u0144  warunkowych <span class=\"_ _74\"> </span>oraz  innych  zobowi\u0105za<span class=\"_ _3\"></span>\u0144  nieuj\u0119tych <span class=\"_ _74\"> </span>w  sprawozdaniu  z sytuac<span class=\"_ _3\"></span>ji finansowej ustal<span class=\"_ _3\"></span>one zosta\u0142y na pods<span class=\"_ _3\"></span>tawie szacunk\u00f3w. Stan na 31.12.2022 Stan na 31.12.2021 Aktywa warun<span class=\"_ _3\"></span>kowe  366 509<span class=\"_ _192\"> </span>Otrzymane gwaranc<span class=\"_ _3\"></span>je   195 325<span class=\"_ _192\"> </span>Nale\u017cno\u015bci wekslow<span class=\"_ _3\"></span>e  147 134<span class=\"_ _192\"> </span>Pozosta\u0142e tytu\u0142y<span class=\"_ _3\"></span>  24 50<span class=\"_ _192\"> </span>Zobowi\u0105zania warun<span class=\"_ _3\"></span>kowe  452 466<span class=\"_ _192\"> </span>Nota 8.6 Zlecenia udzielenia gwa<span class=\"_ _3\"></span>rancji i akr<span class=\"_ _3\"></span>edytyw  187 179<span class=\"_ _192\"> </span>Nota 8.6 Zobowi\u0105zanie w<span class=\"_ _3\"></span>ekslowe   170 173<span class=\"_ _192\"> </span>Podatek od nieruch<span class=\"_ _3\"></span>omo\u015bci od wyrobisk <span class=\"_ _3\"></span>g\u00f3rniczych  34 47<span class=\"_ _192\"> </span>Pozosta\u0142e tytu\u0142y<span class=\"_ _3\"></span>  61 67<span class=\"_ _192\"> </span>Inne zobowi\u0105zania ni<span class=\"_ _3\"></span>euj\u0119te w sp<span class=\"_ _3\"></span>rawozdaniu z sytuacji<span class=\"_ _3\"></span> finansowej  34 99<span class=\"_ _192\"> </span>Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec jednostek sa<span class=\"_ _3\"></span>morz\u0105du terytorialnego<span class=\"_ _3\"></span> w zwi\u0105zku <span class=\"_ _3\"></span>z rozbudow\u0105 zbiornika <span class=\"_ _3\"></span>odpad\u00f3w produkcyjnych <span class=\"_ _3\"></span>  34 99<span class=\"_ _192\"> </span>Nota 12.6 Umown<span class=\"_ _3\"></span>e zobowi\u0105zania i<span class=\"_ _3\"></span>nwestycyjne zwi\u0105z<span class=\"_ _3\"></span>ane z aktywami rzeczowy<span class=\"_ _3\"></span>mi i niematerialnymi<span class=\"_ _3\"></span> Umowne <span class=\"_ _1\"> </span>zobowi\u0105zania <span class=\"_ _1\"> </span>inwestycyjne <span class=\"_ _1\"> </span>zaci\u0105gni\u0119te <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _1\"> </span>sprawozdawczym, <span class=\"_ _1\"> </span>ale <span class=\"_ _1\"> </span>nieuj\u0119te <span class=\"_ _1\"> </span>jeszcze <span class=\"_ _1\"> </span>w skonsolidowanym sprawozdaniu z sytua<span class=\"_ _3\"></span>cji finansowej, m<span class=\"_ _3\"></span>ia\u0142y nast\u0119puj\u0105c\u0105 warto<span class=\"_ _3\"></span>\u015b\u0107: Stan na 31.12.2022 Stan na 31.12.2021 Umowne zobowi\u0105zania <span class=\"_ _3\"></span>z tytu\u0142u nabycia:<span class=\"_ _3\"></span>      rzeczowych akt<span class=\"_ _3\"></span>yw\u00f3w trwa\u0142ych 1 390<span class=\"_ _192\"> </span>1 056     warto\u015bci niematerial<span class=\"_ _3\"></span>nych  18 26<span class=\"_ _192\"> </span>Umowne zobowi\u0105<span class=\"_ _3\"></span>zania inwestycyj<span class=\"_ _3\"></span>ne razem 1 408<span class=\"_ _192\"> </span>1 082<span class=\"_ _192\"> </span>Udzia\u0142  Grupy <span class=\"_ _74\"> </span>Kapita\u0142owej  w  umowny<span class=\"_ _3\"></span>ch  zobowi\u0105zaniach <span class=\"_ _74\"> </span>inwestycyjnych  wsp<span class=\"_ _3\"></span>\u00f3lnych  przedsi\u0119<span class=\"_ _3\"></span>wzi\u0119\u0107  wycenianych <span class=\"_ _74\"> </span>metod\u0105 praw w\u0142asno\u015bci (Si<span class=\"_ _3\"></span>erra Gorda S.C.M.) zosta\u0142 pr<span class=\"_ _3\"></span>zedstawiony w Noc<span class=\"_ _3\"></span>ie 6.1. Nota 12.7 Struktur<span class=\"_ _3\"></span>a zatrudnienia od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Pracownicy na <span class=\"_ _3\"></span>stanowiskach nierobotnicz<span class=\"_ _3\"></span>ych 10 650<span class=\"_ _192\"> </span>10 618<span class=\"_ _192\"> </span>Pracownicy na <span class=\"_ _3\"></span>stanowiskach robotniczych <span class=\"_ _3\"></span> 23 004<span class=\"_ _192\"> </span>22 884<span class=\"_ _192\"> </span>Razem (w przeli<span class=\"_ _3\"></span>czeniu na pe\u0142ne et<span class=\"_ _3\"></span>aty) <span class=\"_ _18\"> </span><span class=\"fc0\">33 654<span class=\"_ _192\"> </span></span>33 502<span class=\"_ _192\"> </span>Nota 12.8 Poz<span class=\"_ _3\"></span>osta\u0142e korekty w skonsoli<span class=\"_ _3\"></span>dowanym sprawozd<span class=\"_ _3\"></span>aniu z przep\u0142yw\u00f3w p<span class=\"_ _3\"></span>ieni\u0119\u017cnych od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Koszty z tytu\u0142u wyc<span class=\"_ _3\"></span>eny i realizacji <span class=\"_ _3\"></span> instrument\u00f3w pochodny<span class=\"_ _3\"></span>ch zwi\u0105zanych ze \u017a<span class=\"_ _3\"></span>r\u00f3d\u0142ami finansowa<span class=\"_ _3\"></span>nia zewn\u0119trznego  19 10<span class=\"_ _192\"> </span>Pozosta\u0142e   10<span class=\"_ _192\"> </span>( 9)<span class=\"_ _192\"> </span>Razem  29<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span>Nota 12.9 Wynagr<span class=\"_ _3\"></span>odzenie cz\u0142onk<span class=\"_ _3\"></span>\u00f3w kluczowego pers<span class=\"_ _3\"></span>onelu kierowniczego  od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022 Wynagrodzenie c<span class=\"_ _3\"></span>z\u0142onk\u00f3w Zarz\u0105du  (w tys. PLN) Okres pe\u0142nienia funkcji Wynagrodzenia w okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du<span class=\"_ _192\"> </span>Wynagrodzenia po okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du<span class=\"_ _192\"> </span>\u015awiadczenia z tytu\u0142u rozwi\u0105zania stosunku pracy<span class=\"_ _192\"> </span>\u0141\u0105czne dochody<span class=\"_ _192\"> </span>Cz\u0142onkowie Zarz\u0105d<span class=\"_ _3\"></span>u pe\u0142ni\u0105cy funkcj\u0119 na 31 grud<span class=\"_ _3\"></span>nia 2022 Tomasz Zdzikot<span class=\"_ _3\"></span> <span class=\"_ _b5\"> </span>01.09<span class=\"_ _3\"></span>-31.12  373<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 373<span class=\"_ _192\"> </span>Miros\u0142aw Kido\u0144 <span class=\"_ _b5\"> </span>10<span class=\"_ _3\"></span>.12-31.12  64<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 64<span class=\"_ _192\"> </span>Marek Pietrzak <span class=\"_ _f1\"> </span>01.01-31.12 1 079<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 079<span class=\"_ _192\"> </span>Marek \u015awider <span class=\"_ _bc\"> </span>15.03-31.12  836<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 836<span class=\"_ _192\"> </span>Mateusz Wodejko<span class=\"_ _3\"></span> <span class=\"_ _cf\"> </span>21.12-31.12  32<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 32<span class=\"_ _192\"> </span>Cz\u0142onkowie Zarz\u0105d<span class=\"_ _3\"></span>u niepe\u0142ni\u0105cy funkcji <span class=\"_ _3\"></span> na 31 grudnia 2022<span class=\"_ _3\"></span> Marcin Chludzi\u0144ski<span class=\"_ _3\"></span> 01.01-11.10 <span class=\"_ _63\"> </span> 1 939<span class=\"_ _192\"> </span>- 435<span class=\"_ _192\"> </span>2 374<span class=\"_ _192\"> </span>Adam Bugajczuk<span class=\"_ _3\"></span> <span class=\"_ _d0\"> </span>01.01-31.08 <span class=\"_ _65\"> </span> 1 667<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 667<span class=\"_ _192\"> </span>Pawe\u0142 Gruza <span class=\"_ _ad\"> </span>01<span class=\"_ _3\"></span>.01-09.08 <span class=\"_ _65\"> </span> 1 604<span class=\"_ _192\"> </span>- 163<span class=\"_ _192\"> </span>1 767<span class=\"_ _192\"> </span>Andrzej Kensbok<span class=\"_ _3\"></span> <span class=\"_ _15d\"> </span>01.01-06.12 <span class=\"_ _65\"> </span> 1 679<span class=\"_ _192\"> </span>- 298<span class=\"_ _192\"> </span>1 977<span class=\"_ _192\"> </span>Katarzyna Kreczma<span class=\"_ _3\"></span>\u0144ska - Gigol<span class=\"_ _192\"> </span>- <span class=\"_ _131\"> </span> - 277<span class=\"_ _192\"> </span>- 277<span class=\"_ _192\"> </span>Jerzy Paluchniak<span class=\"_ _3\"></span> <span class=\"_ _b8\"> </span>01.09-11.10 <span class=\"_ _63\"> </span>  120<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 120<span class=\"_ _192\"> </span>Rados\u0142aw Stach <span class=\"_ _5\"> </span>- <span class=\"_ _130\"> </span> - 277<span class=\"_ _192\"> </span>- 277<span class=\"_ _192\"> </span>Dariusz \u015awiderski<span class=\"_ _3\"></span> <span class=\"_ _ee\"> </span>01.01-21.02 <span class=\"_ _63\"> </span>  148 600 14 762<span class=\"_ _192\"> </span>RAZEM <span class=\"_ _4e\"> </span><span class=\"fc0\">  <span class=\"_ _2a\"> </span> </span>9 541<span class=\"_ _192\"> </span>1 154 910<span class=\"_ _192\"> </span>11 605<span class=\"_ _192\"> </span>od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021 Wynagrodzenie c<span class=\"_ _3\"></span>z\u0142onk\u00f3w Zarz\u0105du  (w tys. PLN) Okres pe\u0142nienia funkcji Wynagrodzenia w okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du<span class=\"_ _192\"> </span>Wynagrodzenia po okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du<span class=\"_ _192\"> </span>\u015awiadczenia z tytu\u0142u rozwi\u0105zania stosunku pracy<span class=\"_ _192\"> </span>\u0141\u0105czne dochody<span class=\"_ _192\"> </span>Cz\u0142onkowie Zarz\u0105d<span class=\"_ _3\"></span>u pe\u0142ni\u0105cy funkcj\u0119 na 31 grud<span class=\"_ _3\"></span>nia 2021 Marcin Chludzi\u0144ski<span class=\"_ _3\"></span> <span class=\"_ _189\"> </span>01.01-31.12 <span class=\"_ _63\"> </span> 2 220<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>2 220<span class=\"_ _192\"> </span>Adam Bugajczuk<span class=\"_ _3\"></span> <span class=\"_ _d0\"> </span>01.01-31.12 <span class=\"_ _65\"> </span> 1 886<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 886<span class=\"_ _192\"> </span>Pawe\u0142 Gruza <span class=\"_ _ad\"> </span>01<span class=\"_ _3\"></span>.01-31.12 <span class=\"_ _65\"> </span> 1 881<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 881<span class=\"_ _192\"> </span>Andrzej Kensbok<span class=\"_ _3\"></span> <span class=\"_ _15d\"> </span>16.04-31.12 <span class=\"_ _65\"> </span>  698<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 698<span class=\"_ _192\"> </span>Marek Pietrzak <span class=\"_ _f1\"> </span>26.10-31.12 <span class=\"_ _65\"> </span>  177<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 177<span class=\"_ _192\"> </span>Dariusz \u015awiderski<span class=\"_ _3\"></span> <span class=\"_ _ee\"> </span>15.05-31.12 <span class=\"_ _63\"> </span>  603<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 603<span class=\"_ _192\"> </span>Cz\u0142onkowie Zarz\u0105d<span class=\"_ _3\"></span>u niepe\u0142ni\u0105cy funkcji <span class=\"_ _3\"></span> na 31 grudnia 2021<span class=\"_ _3\"></span> Katarzyna Kreczma<span class=\"_ _3\"></span>\u0144ska - Gigol<span class=\"_ _192\"> </span>01.01-15.04 <span class=\"_ _63\"> </span> 1 193<span class=\"_ _192\"> </span>- 475<span class=\"_ _192\"> </span>1 668<span class=\"_ _192\"> </span>Rados\u0142aw Stach <span class=\"_ _ae\"> </span>01.01-15.04 <span class=\"_ _63\"> </span> 1 189<span class=\"_ _192\"> </span>- 41<span class=\"_ _192\"> </span>1 230<span class=\"_ _192\"> </span>RAZEM <span class=\"_ _4e\"> </span><span class=\"fc0\">  <span class=\"_ _2a\"> </span> </span>9 847<span class=\"_ _192\"> </span>- 516<span class=\"_ _192\"> </span>10 363<span class=\"_ _192\"> </span>od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022 Wynagrodzenie c<span class=\"_ _3\"></span>z\u0142onk\u00f3w Rady Nadzorczej (w tys<span class=\"_ _3\"></span>. PLN) Okres pe\u0142nienia funkcji<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _3\"></span>e \u015bwiadczenia pracownicze<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _3\"></span>e \u015bwiadczenia z tytu\u0142u pe\u0142nieni<span class=\"_ _3\"></span>a funkcji<span class=\"_ _192\"> </span>\u0141\u0105czne dochody<span class=\"_ _192\"> </span>Cz\u0142onkowie Rady Na<span class=\"_ _3\"></span>dzorczej pe\u0142ni\u0105cy <span class=\"_ _3\"></span> funkcj\u0119 na 31 grud<span class=\"_ _3\"></span>nia 2022 Agnieszka Winnik <span class=\"_ _3\"></span>-Kalemba <span class=\"_ _18a\"> </span>01.01-31.12 - 164 164<span class=\"_ _192\"> </span>Katarzyna Krupa<span class=\"_ _3\"></span> <span class=\"_ _2c\"> </span>01.01<span class=\"_ _3\"></span>-31.12 - 149 149<span class=\"_ _192\"> </span>Wojciech Zarzycki <span class=\"_ _18b\"> </span>22.06-31.12 - 78 78<span class=\"_ _192\"> </span>J\u00f3zef Czyczerski <span class=\"_ _dd\"> </span>01.01-31.12<span class=\"_ _3\"></span>  203 150 353<span class=\"_ _192\"> </span>Przemys\u0142aw Darowski<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>01.01<span class=\"_ _3\"></span>-31.12  109 149 258<span class=\"_ _192\"> </span>Andrzej Kisielewicz<span class=\"_ _3\"></span> <span class=\"_ _160\"> </span>01.01-31.12 - 149 149<span class=\"_ _192\"> </span>Bogus\u0142aw Szarek<span class=\"_ _3\"></span> <span class=\"_ _30\"> </span>01.01-31.12  372 149 521<span class=\"_ _192\"> </span>Marek Wojtk\u00f3w <span class=\"_ _dd\"> </span>07.10-31.12 - 35 35<span class=\"_ _192\"> </span>Rados\u0142aw Zimroz <span class=\"_ _116\"> </span>07.10-31.12 - 35 35<span class=\"_ _192\"> </span>Piotr Ziubroniewicz<span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>24.11-31.12<span class=\"_ _3\"></span> - 15 15<span class=\"_ _192\"> </span>Cz\u0142onkowie Rady Na<span class=\"_ _3\"></span>dzorczej niepe\u0142ni\u0105cy funkcji <span class=\"_ _3\"></span>na 31 grudnia 2022<span class=\"_ _3\"></span> Piotr Dytko <span class=\"_ _125\"> </span>22<span class=\"_ _3\"></span>.06-07.10 - 44 44<span class=\"_ _192\"> </span>Jaros\u0142aw Janas <span class=\"_ _18c\"> </span>01.01-21.06 - 71 71<span class=\"_ _192\"> </span>Robert Kaleta <span class=\"_ _18d\"> </span>01.01-07.10 - 115 115<span class=\"_ _192\"> </span>Bartosz Piechota <span class=\"_ _30\"> </span>01.01-21.06<span class=\"_ _3\"></span> - 71 71<span class=\"_ _192\"> </span>RAZEM <span class=\"_ _18e\"> </span><span class=\"fc0\">  </span> 684<span class=\"_ _192\"> </span>1 374<span class=\"_ _192\"> </span>2 058<span class=\"_ _192\"> </span>od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021 Wynagrodzenie cz\u0142onk\u00f3w R<span class=\"_ _3\"></span>ady Nadzorczej (w tys<span class=\"_ _3\"></span>. PLN) Okres pe\u0142nienia funkcji<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _3\"></span>e \u015bwiadczenia pracownicze<span class=\"_ _192\"> </span>Kr\u00f3tkoterminow<span class=\"_ _3\"></span>e \u015bwiadczenia z tytu\u0142u pe\u0142nieni<span class=\"_ _3\"></span>a funkcji<span class=\"_ _192\"> </span>\u0141\u0105czne dochody<span class=\"_ _192\"> </span>Cz\u0142onkowie Rady Na<span class=\"_ _3\"></span>dzorczej pe\u0142ni\u0105cy <span class=\"_ _3\"></span> funkcj\u0119 na 31 grud<span class=\"_ _3\"></span>nia 2021 Agnieszka Winnik <span class=\"_ _3\"></span>-Kalemba <span class=\"_ _18a\"> </span>01.01-31<span class=\"_ _3\"></span>.12 <span class=\"_ _175\"> </span> - 142 142<span class=\"_ _192\"> </span>Katarzyna Krupa<span class=\"_ _3\"></span> <span class=\"_ _79\"> </span>06.07-31.12 <span class=\"_ _175\"> </span> - 66 66<span class=\"_ _192\"> </span>Jaros\u0142aw Janas <span class=\"_ _df\"> </span>01.01-31.12 <span class=\"_ _175\"> </span> - 136 136<span class=\"_ _192\"> </span>J\u00f3zef Czyczerski <span class=\"_ _dd\"> </span>01<span class=\"_ _3\"></span>.01-31.12 <span class=\"_ _175\"> </span>  186 136 322<span class=\"_ _192\"> </span>Przemys\u0142aw Darowski<span class=\"_ _3\"></span> <span class=\"_ _18f\"> </span>01.01-31.12 <span class=\"_ _66\"> </span>  104 136 240<span class=\"_ _192\"> </span>Robert Kaleta <span class=\"_ _18d\"> </span>06.07-31<span class=\"_ _3\"></span>.12 <span class=\"_ _175\"> </span> - 66 66<span class=\"_ _192\"> </span>Andrzej Kisielewicz<span class=\"_ _3\"></span> <span class=\"_ _160\"> </span>01.01-31.12 <span class=\"_ _66\"> </span> - 144 144<span class=\"_ _192\"> </span>Bartosz Piechota <span class=\"_ _30\"> </span>01<span class=\"_ _3\"></span>.01-31.12 <span class=\"_ _175\"> </span> - 136 136<span class=\"_ _192\"> </span>Bogus\u0142aw Szarek<span class=\"_ _3\"></span> <span class=\"_ _30\"> </span>01.01-31.12  265 136 401<span class=\"_ _192\"> </span>Cz\u0142onkowie Rady Na<span class=\"_ _3\"></span>dzorczej niepe\u0142ni\u0105cy funkcji <span class=\"_ _3\"></span>na 31 grudnia 2021<span class=\"_ _3\"></span> Katarzyna Lewand<span class=\"_ _3\"></span>owska <span class=\"_ _124\"> </span>01.01-20.04 <span class=\"_ _66\"> </span> - 42 42<span class=\"_ _192\"> </span>Marek Pietrzak <span class=\"_ _ea\"> </span>01.01-25.10 <span class=\"_ _66\"> </span> - 111 111<span class=\"_ _192\"> </span>RAZEM <span class=\"_ _18e\"> </span><span class=\"fc0\">  <span class=\"_ _114\"> </span> </span> 555<span class=\"_ _192\"> </span>1 251<span class=\"_ _192\"> </span>1 806<span class=\"_ _192\"> </span>od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021<span class=\"_ _3\"></span> Kr\u00f3tkoterminow<span class=\"_ _3\"></span>e \u015bwiadczenia <span class=\"_ _3\"></span>pracownicze cz\u0142onk\u00f3w pozosta\u0142ego klucz<span class=\"_ _3\"></span>owego personelu kier<span class=\"_ _3\"></span>owniczego  (w tys. PLN) 3 496<span class=\"_ _192\"> </span>3 934<span class=\"_ _192\"> </span>Na <span class=\"_ _59\"> </span>podstawie <span class=\"_ _59\"> </span>definicji <span class=\"_ _57\"> </span>kluczowego <span class=\"_ _59\"> </span>personelu <span class=\"_ _57\"> </span>kie<span class=\"_ _2\"></span>rowniczeg<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>zgodnie <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>MSR <span class=\"_ _59\"> </span>24 <span class=\"_ _59\"> </span>oraz <span class=\"_ _57\"> </span>analizy<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>uprawnie\u0144 <span class=\"_ _57\"> </span>i <span class=\"_ _59\"> </span>zakresu odpowiedzialn<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _5d\"> </span>cz\u0142onk\u00f3w <span class=\"_ _69\"> </span>organ\u00f3w <span class=\"_ _69\"> </span>zarz\u0105dczych <span class=\"_ _5d\"> </span>Grupy <span class=\"_ _67\"> </span>Kapita\u0142owej <span class=\"_ _5d\"> </span>KGHM <span class=\"_ _69\"> </span>Polska <span class=\"_ _69\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _69\"> </span>S.A. <span class=\"_ _5d\"> </span>wynikaj\u0105cych<span class=\"_ _3\"></span> z dokument\u00f3w <span class=\"_ _2\"></span>korporacyjnych oraz <span class=\"_ _2\"></span>um\u00f3w <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>zarz\u0105dzanie, <span class=\"_ _2\"></span>za <span class=\"_ _2\"></span>pozosta\u0142y <span class=\"_ _2\"></span>kluczowy <span class=\"_ _2\"></span>personel <span class=\"_ _2\"></span>kierowniczy <span class=\"_ _2\"></span>Grupy <span class=\"_ _53\"></span>Kapita<span class=\"_ _3\"></span>\u0142owej uznano cz\u0142onk<span class=\"_ _3\"></span>\u00f3w Rady Dyrektor\u00f3w KGH<span class=\"_ _3\"></span>M INTERNATIONAL LTD. <span class=\"_ _3\"></span>oraz Prezesa Zarz<span class=\"_ _3\"></span>\u0105du KGHM INTER<span class=\"_ _3\"></span>NATIONAL LTD.<span class=\"_ _192\"> </span>Nota 12.10 Wynagr<span class=\"_ _3\"></span>odzenie podmiotu bad<span class=\"_ _3\"></span>aj\u0105cego sprawozd<span class=\"_ _3\"></span>anie finansowe i p<span class=\"_ _3\"></span>odmiot\u00f3w z nim p<span class=\"_ _3\"></span>owi\u0105zanych  <span class=\"_ _f5\"> </span>  <span class=\"_ _3\"></span> <span class=\"ff1\">  w tys. PLN </span>od 01.01.2022<span class=\"_ _3\"></span>  do 31.12.2022<span class=\"_ _3\"></span> od 01.01.2021<span class=\"_ _3\"></span>  do 31.12.2021<span class=\"_ _3\"></span> Razem Sp\u00f3\u0142ki grupy <span class=\"_ _3\"></span>Pricewater<span class=\"_ _3\"></span>houseCoopers  5 429<span class=\"_ _192\"> </span>4 376<span class=\"_ _192\"> </span>Z tytu\u0142u um\u00f3w o pr<span class=\"_ _3\"></span>zeprowadzenie p<span class=\"_ _3\"></span>rzegl\u0105du i badani<span class=\"_ _3\"></span>a<span class=\"_ _192\"> </span>sprawozda\u0144 finans<span class=\"_ _3\"></span>owych oraz um\u00f3w n<span class=\"_ _3\"></span>a us\u0142ugi atestacyj<span class=\"_ _3\"></span>ne,  z tego: 5 330<span class=\"_ _192\"> </span>4 207     badanie rocznych spr<span class=\"_ _3\"></span>awozda\u0144 <span class=\"_ _3\"></span>finansowych 4 307<span class=\"_ _192\"> </span>3 626     us\u0142ugi atestacyjn<span class=\"_ _3\"></span>e, z tego: 1 023 581         prz<span class=\"_ _3\"></span>egl\u0105d sprawozda\u0144 finansowych<span class=\"_ _3\"></span>  818 508         inne us\u0142ugi at<span class=\"_ _3\"></span>estacyjne  205 73<span class=\"_ _192\"> </span>Z realizacji <span class=\"_ _3\"></span>innych um\u00f3w<span class=\"ff2 fc0\"> </span> 99 169<span class=\"_ _192\"> </span>Nota 12.11 Sk\u0142ad Grup<span class=\"_ _3\"></span>y Kapita\u0142owej Procentowy udzia\u0142 <span class=\"_ _3\"></span>Grupy Nazwa jednostki<span class=\"_ _3\"></span> <span class=\"_ _84\"> </span>Siedziba stan na  31.12.2022 stan na  31.12.2021 BIPROMET S.A.<span class=\"_ _192\"> </span>Katowice<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>CBJ sp. z o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>CENTROZ\u0141OM WR<span class=\"_ _3\"></span>OC\u0141AW S.A.<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>CUPRUM Zdrowie sp<span class=\"_ _3\"></span>. z o.o. (dawniej CUPR<span class=\"_ _3\"></span>UM Nieruchomo\u015bci sp. z<span class=\"_ _3\"></span> o.o.) Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>\"Energetyka\" sp. z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Fundusz Hotele 01<span class=\"_ _3\"></span> Sp. z o.o.<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Fundusz Hotele 01<span class=\"_ _3\"></span> Sp. z o.o. S.K.A.<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>INOVA Sp\u00f3\u0142ka z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>INTERFERIE  S.A.<span class=\"_ _192\"> </span>Legnica<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>69,71<span class=\"_ _192\"> </span>Interferie Medical <span class=\"_ _3\"></span>SPA Sp. z o.o.<span class=\"_ _192\"> </span>Legnica<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>90,12<span class=\"_ _192\"> </span>KGHM CUPRUM  sp. <span class=\"_ _3\"></span>z o.o. -<span class=\"_ _192\"> </span>CBR<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>CUPRUM Developm<span class=\"_ _3\"></span>ent sp. z o.o.<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM Kupfer AG Wei\u00dfwasser<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM VII FIZAN<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM Metraco S.A.<span class=\"_ _192\"> </span>Legnica<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM (SHANGHAI<span class=\"_ _3\"></span>) COPPER TRADING CO.,<span class=\"_ _3\"></span> LTD.<span class=\"_ _192\"> </span>Shanghai<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM TFI S.A.<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM ZANAM S.A.<span class=\"_ _192\"> </span>Polkowice<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>\"MIEDZIOWE CE<span class=\"_ _3\"></span>NTRUM ZDROWIA\" S.A.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>NITROERG S.A.<span class=\"_ _192\"> </span>Bieru\u0144<span class=\"_ _192\"> </span>87,12<span class=\"_ _192\"> </span>87,12<span class=\"_ _192\"> </span>NITROERG SERWIS Sp<span class=\"_ _3\"></span>. z o.o. Wilk\u00f3w<span class=\"_ _192\"> </span>87,12<span class=\"_ _192\"> </span>87,12<span class=\"_ _192\"> </span>PeBeKa S.A.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>MERCUS Logistyka <span class=\"_ _3\"></span>sp. z o.o. Polkowice<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>PHU \"Lubinpex\" Sp. z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Future 1 Sp. z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM Centrum A<span class=\"_ _3\"></span>nalityki Sp. z<span class=\"_ _192\"> </span>o.o. Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Future 3 Sp. z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Future 4 Sp. z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Future 5 Sp. z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Future 7 Sp. z <span class=\"_ _3\"></span>o.o. w likwidacji<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>PMT Linie Kolejow<span class=\"_ _3\"></span>e Sp. z o.o. Owczary<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>POL-<span class=\"_ _192\"> </span>MIED\u0179 TRANS  Sp. z <span class=\"_ _3\"></span>o.o.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Polska Grupa Uzdr<span class=\"_ _3\"></span>owisk Sp. z o.o.<span class=\"_ _192\"> </span>Wroc\u0142aw<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Uzdrowisko Cieplic<span class=\"_ _3\"></span>e Sp. z o.o.-<span class=\"_ _192\"> </span>Grupa P<span class=\"_ _3\"></span>GU<span class=\"_ _192\"> </span>Jelenia G\u00f3ra<span class=\"_ _192\"> </span>98,85<span class=\"_ _192\"> </span>98,85<span class=\"_ _192\"> </span>Uzdrowiska K\u0142odz<span class=\"_ _3\"></span>kie S.A. -<span class=\"_ _192\"> </span>Grupa P<span class=\"_ _3\"></span>GU<span class=\"_ _192\"> </span>Polanica Zdr\u00f3j<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Uzdrowisko Po\u0142czyn<span class=\"_ _3\"></span> Grupa PGU S.A.<span class=\"_ _192\"> </span>Po\u0142czyn Zdr\u00f3j<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Uzdrowisko \u015awierad<span class=\"_ _3\"></span>\u00f3w-Czernia<span class=\"_ _3\"></span>wa Sp. z o.o.-Grupa PGU<span class=\"_ _192\"> </span>\u015awierad\u00f3w Zdr\u00f3j<span class=\"_ _192\"> </span>99,4<span class=\"_ _192\"> </span>99,4<span class=\"_ _192\"> </span>WMN \"\u0141AB\u0118DY\" S.A.<span class=\"_ _192\"> </span>Gliwice<span class=\"_ _192\"> </span>84,98<span class=\"_ _192\"> </span>84,98<span class=\"_ _192\"> </span>WPEC w Legnicy S.A.<span class=\"_ _192\"> </span>Legnica<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Zag\u0142\u0119bie Lubin S.A.<span class=\"_ _192\"> </span>Lubin<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>OOO ZANAM VOSTO<span class=\"_ _3\"></span>K<span class=\"_ _192\"> </span>Gaj (Rosja)<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>TUW Cuprum Lubin<span class=\"_ _192\"> </span>99,49<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Procentowy udzia\u0142 <span class=\"_ _3\"></span>Grupy Nazwa jednostki<span class=\"_ _3\"></span> <span class=\"_ _84\"> </span>Siedziba stan na  31.12.2022 stan na  31.12.2021 Grupa Kapita\u0142ow<span class=\"_ _3\"></span>a KGHM INTERNATIO<span class=\"_ _3\"></span>NAL LTD.<span class=\"_ _192\"> </span>KGHM INTERNATIO<span class=\"_ _3\"></span>NAL LTD.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM AJAX MINI<span class=\"_ _3\"></span>NG INC.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>80<span class=\"_ _192\"> </span>80<span class=\"_ _192\"> </span>Sugarloaf Ranches <span class=\"_ _3\"></span>Ltd.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>80<span class=\"_ _192\"> </span>80<span class=\"_ _192\"> </span>KGHMI HOLDIN<span class=\"_ _3\"></span>GS LTD.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Quadra FNX Holdin<span class=\"_ _3\"></span>gs Chile Limitada<span class=\"_ _192\"> </span>Chile<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Aguas de la Sierra Limi<span class=\"_ _3\"></span>tada<span class=\"_ _192\"> </span>Chile<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Quadra FNX FFI S.\u00e0 r<span class=\"_ _3\"></span>.l.<span class=\"_ _192\"> </span>Luksemburg<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Robinson Holdings (<span class=\"_ _3\"></span>USA) Ltd.<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Wendover Bulk Tr<span class=\"_ _3\"></span>anshipment Company<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Robins<span class=\"_ _192\"> </span>on Nevada Mining <span class=\"_ _3\"></span>Company<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Carlota Holdings C<span class=\"_ _3\"></span>ompany<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Carlota Copper Compan<span class=\"_ _3\"></span>y<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>FNX Mining Compan<span class=\"_ _3\"></span>y Inc.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>DMC Mining Ser<span class=\"_ _3\"></span>vices Ltd.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Quadra FNX Holdin<span class=\"_ _3\"></span>gs Partnership<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>DMC Mining Ser<span class=\"_ _3\"></span>vices Mexico, S.A<span class=\"_ _3\"></span>. de C.V. (dawniej Raise Boring Mining Service<span class=\"_ _3\"></span>s, S.A. de C.V.<span class=\"ff2\">) </span>Meksyk<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>FNX Mining Compan<span class=\"_ _3\"></span>y USA Inc.<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>DMC Mining Ser<span class=\"_ _3\"></span>vices Corporation<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Centenario Holdin<span class=\"_ _3\"></span>gs Ltd.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Minera Carr<span class=\"_ _3\"></span>izalillo SpA<span class=\"_ _192\"> </span>Chile<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>KGHM Chile SpA Chile<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>FRANKE HOLDINGS LT<span class=\"_ _3\"></span>D. Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Sociedad Contrac<span class=\"_ _3\"></span>tual Minera Franke<span class=\"_ _192\"> </span>Chile<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>0899196<span class=\"_ _3\"></span> B.C. Ltd.<span class=\"_ _192\"> </span>Kanada<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>DMC Mining Ser<span class=\"_ _3\"></span>vices (UK) Ltd.<span class=\"_ _192\"> </span>Wielka Brytania<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>DMC Mining Ser<span class=\"_ _3\"></span>vices Colombia SAS<span class=\"_ _192\"> </span>Kolumbia<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>DMC Mining Ser<span class=\"_ _3\"></span>vices Chile SpA<span class=\"_ _192\"> </span>Chile<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>Zmiany w str<span class=\"_ _3\"></span>ukturze organizac<span class=\"_ _3\"></span>yjnej Grupy Kapita\u0142owej <span class=\"_ _3\"></span>KGHM Polska Mied\u017a S.A.<span class=\"_ _3\"></span> W <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>realizowanym <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>II<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>po\u0142owie <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _53\"></span>procesem <span class=\"_ _53\"></span>reorganizacji <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _0\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zakresie <span class=\"_ _0\"></span>sp\u00f3\u0142<span class=\"_ _3\"></span>ek portfelowych Fund<span class=\"_ _3\"></span>uszu KGHM VII FIZA<span class=\"_ _3\"></span>N, wyst\u0105pi\u0142y nast\u0119pu<span class=\"_ _3\"></span>j\u0105ce zdarzenia:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">20  lipca  2<span class=\"_ _3\"></span>022  r.  Nadz<span class=\"_ _3\"></span>wyczajne  Zgromadzeni<span class=\"_ _3\"></span>e  Wsp\u00f3lnik\u00f3w  s<span class=\"_ _3\"></span>p\u00f3\u0142ki  bezp<span class=\"_ _3\"></span>o\u015brednio  zale\u017cnej <span class=\"_ _58\"> </span>CUPRUM <span class=\"_ _74\"> </span>Ni<span class=\"_ _2\"></span>eruchomo\u015bc<span class=\"_ _3\"></span>i  </span></span>sp. <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>o.o. <span class=\"_ _0\"></span>podwy\u017cszy\u0142o <span class=\"_ _53\"></span>kapita\u0142 <span class=\"_ _0\"></span>zak\u0142adowy <span class=\"_ _53\"></span>tego <span class=\"_ _0\"></span>podmio<span class=\"_ _3\"></span>tu <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>kwot\u0119 <span class=\"_ _53\"></span>368 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"></span>PLN. <span class=\"_ _53\"></span>Wszystkie <span class=\"_ _53\"></span>udzia\u0142y <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>podw<span class=\"_ _3\"></span>y\u017cszonym kapitale  obj\u0119\u0142a  KGHM  Polska  Mied\u017a  S.A.  Jedno<span class=\"_ _3\"></span>cze\u015bnie  dokonano  zmiany  firmy  sp\u00f3\u0142ki  z  CUPR<span class=\"_ _3\"></span>UM  Nieruchomo\u015bci sp. z o.o. na CUPR<span class=\"_ _3\"></span>UM Zdrowie sp. z o.o.;  \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\"> w <span class=\"_ _53\"></span>dniach <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>27 <span class=\"_ _53\"></span>lipca <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>1 <span class=\"_ _53\"></span>sierpnia <span class=\"_ _53\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>przeprowadzono <span class=\"_ _53\"></span>transakcje <span class=\"_ _53\"></span>zbycia <span class=\"_ _53\"></span>prz<span class=\"_ _3\"></span>ez <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>VII <span class=\"_ _53\"></span>FIZAN <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rzecz <span class=\"_ _53\"></span>sp\u00f3\u0142ki </span></span>CUPRUM <span class=\"_ _2\"></span>Nie<span class=\"_ _2\"></span>ruchom<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _53\"></span>sp. <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>.o., <span class=\"_ _2\"></span>akcji <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>udzia\u0142\u00f3w <span class=\"_ _2\"></span>wszyst<span class=\"_ _2\"></span>kich <span class=\"_ _2\"></span>sp\u00f3\u0142ek <span class=\"_ _53\"></span>portfelowych <span class=\"_ _2\"></span>Funduszu, <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>tym <span class=\"_ _53\"></span>czterech <span class=\"_ _53\"></span>sp\u00f3\u0142ek uzdrowiskowych: <span class=\"_ _0\"></span>Uzdrowiska <span class=\"_ _0\"></span>K\u0142odzkie <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"> </span>-<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Grupa <span class=\"_ _1\"> </span>PGU, <span class=\"_ _0\"></span>Uzdrowisko <span class=\"_ _1\"> </span>Po\u0142czyn <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>PGU <span class=\"_ _1\"> </span>S.A., <span class=\"_ _0\"></span>Uzdrowisko <span class=\"_ _1\"> </span>Cieplice  Sp. z o.o. - Grupa P<span class=\"_ _3\"></span>GU, Uzdrowisko \u015awi<span class=\"_ _3\"></span>erad\u00f3w - Czerniawa Sp. z<span class=\"_ _3\"></span> o.o. \u2013 Grupa PGU;<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">po  r<span class=\"_ _3\"></span>eorganizacji <span class=\"_ _74\"> </span>KGHM <span class=\"_ _74\"> </span>VII <span class=\"_ _74\"> </span>FIZAN  wyku<span class=\"_ _3\"></span>pi\u0142 <span class=\"_ _74\"> </span>od <span class=\"_ _74\"> </span>KGHM  Pol<span class=\"_ _3\"></span>ska <span class=\"_ _74\"> </span>Mied\u017a <span class=\"_ _74\"> </span>S.A.,  na <span class=\"_ _1\"> </span>\u017c\u0105danie <span class=\"_ _74\"> </span>Jednostki <span class=\"_ _74\"> </span>Dominuj\u0105cej, <span class=\"_ _74\"> </span>100 <span class=\"_ _74\"> </span>% </span></span>Certyfikat\u00f3w <span class=\"_ _2\"></span>Inwestycyjnych F<span class=\"_ _2\"></span>un<span class=\"_ _3\"></span>duszu <span class=\"_ _2\"></span>za <span class=\"_ _2\"></span>kwo<span class=\"_ _2\"></span>t\u0119 <span class=\"_ _2\"></span>367 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN, <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>dniu <span class=\"_ _2\"></span>22 <span class=\"_ _53\"></span>listopada <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>nast\u0105pi\u0142a <span class=\"_ _2\"></span>likwidacja <span class=\"_ _2\"></span>KGHM VII FIZAN.<span class=\"_ _192\"> </span>Schemat Grup<span class=\"_ _3\"></span>y Kapita\u0142owej K<span class=\"_ _3\"></span>GHM Polska Mied<span class=\"_ _3\"></span>\u017a S.A. na dzie\u0144 <span class=\"_ _3\"></span>31 grudnia 20<span class=\"_ _3\"></span>22 r. Jedno<span class=\"_ _3\"></span>stka<span class=\"_ _3\"></span> Do<span class=\"_ _1f\"></span>m<span class=\"_ _2\"></span>inu<span class=\"_ _3\"></span>j\u0105ca<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M P<span class=\"_ _3\"></span>olsk<span class=\"_ _3\"></span>a Mied<span class=\"_ _3\"></span>\u017a S.<span class=\"_ _3\"></span>A.<span class=\"_ _192\"> </span>PeB<span class=\"_ _3\"></span>eKa S<span class=\"_ _3\"></span>.A.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M CUP<span class=\"_ _1f\"></span>RUM <span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>p<span class=\"_ _3\"></span>. z o<span class=\"_ _3\"></span>.o. \u2013 CB<span class=\"_ _3\"></span>R<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Z<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>g\u0142<span class=\"_ _3\"></span>\u0119b<span class=\"_ _3\"></span>ie Lub<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n <span class=\"_ _3\"></span>S.A.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M TFI<span class=\"_ _1f\"></span> S.A.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>\u201eMIED<span class=\"_ _1f\"></span>Z<span class=\"_ _2\"></span>IOW<span class=\"_ _3\"></span>E CE<span class=\"_ _1f\"></span>N<span class=\"_ _2\"></span>TR<span class=\"_ _3\"></span>UM<span class=\"_ _3\"></span> ZDR<span class=\"_ _3\"></span>OWIA\u201d <span class=\"_ _3\"></span>S.A.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>CBJ<span class=\"_ _1f\"></span> <span class=\"_ _2\"></span>sp. z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>IN<span class=\"_ _3\"></span>OVA Sp<span class=\"_ _1f\"></span>\u00f3\u0142<span class=\"_ _2\"></span>k<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>z o.o<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M ZA<span class=\"_ _3\"></span>NA<span class=\"_ _3\"></span>M S.A<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M (SH<span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>NGHA<span class=\"_ _3\"></span>I) CO<span class=\"_ _3\"></span>PPER <span class=\"_ _3\"></span>TRA<span class=\"_ _3\"></span>DING<span class=\"_ _3\"></span> C<span class=\"_ _3\"></span>O., LT<span class=\"_ _3\"></span>D.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>\u201eEn<span class=\"_ _3\"></span>erg<span class=\"_ _3\"></span>etyka\u201d <span class=\"_ _3\"></span>sp.<span class=\"_ _3\"></span> z o.o<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>W<span class=\"_ _3\"></span>PEC w <span class=\"_ _1f\"></span>Le<span class=\"_ _2\"></span>gni<span class=\"_ _3\"></span>cy <span class=\"_ _3\"></span>S.A.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>PO<span class=\"_ _3\"></span>L-MIED<span class=\"_ _1f\"></span>\u0179<span class=\"_ _2\"></span> TRA<span class=\"_ _3\"></span>NS <span class=\"_ _3\"></span>Sp. z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>MER<span class=\"_ _3\"></span>CUS Lo<span class=\"_ _1f\"></span>gistyka <span class=\"_ _3\"></span>sp. z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>PHU <span class=\"_ _3\"></span>\u201eLub<span class=\"_ _3\"></span>inpe<span class=\"_ _3\"></span>x\u201d Sp<span class=\"_ _3\"></span>. z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>BIP<span class=\"_ _3\"></span>R<span class=\"_ _3\"></span>O<span class=\"_ _2\"></span>M<span class=\"_ _3\"></span>ET S.A<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>NI<span class=\"_ _3\"></span>TR<span class=\"_ _3\"></span>OERG <span class=\"_ _3\"></span>S.A.<span class=\"_ _192\"> </span>87,<span class=\"_ _3\"></span>12%<span class=\"_ _192\"> </span>CEN<span class=\"_ _1f\"></span>T<span class=\"_ _2\"></span>ROZ<span class=\"_ _3\"></span>\u0141OM W<span class=\"_ _3\"></span>ROC<span class=\"_ _3\"></span>\u0141<span class=\"_ _3\"></span>A<span class=\"_ _2\"></span>W<span class=\"_ _3\"></span> S.A.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>W<span class=\"_ _3\"></span>MN \u201e\u0141<span class=\"_ _3\"></span>AB\u0118D<span class=\"_ _1f\"></span>Y<span class=\"_ _2\"></span>\u201d S.A<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>84,9<span class=\"_ _3\"></span>8%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M M<span class=\"_ _3\"></span>etraco<span class=\"_ _3\"></span> S.A<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Fundu<span class=\"_ _3\"></span>sz<span class=\"_ _3\"></span> Hot<span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> 01<span class=\"_ _3\"></span> Sp. z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Fundu<span class=\"_ _3\"></span>sz<span class=\"_ _3\"></span> Hot<span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> 01<span class=\"_ _3\"></span> Sp. z<span class=\"_ _3\"></span> o.o.<span class=\"_ _3\"></span> S.K.A<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Po<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>sk<span class=\"_ _1f\"></span>a<span class=\"_ _2\"></span> G<span class=\"_ _3\"></span>rupa<span class=\"_ _3\"></span> Uzdrow<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>k Sp. z<span class=\"_ _3\"></span> o.o<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Uz<span class=\"_ _3\"></span>dro<span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>ka K<span class=\"_ _3\"></span>\u0142odz<span class=\"_ _3\"></span>kie<span class=\"_ _3\"></span> S.A. \u2013 <span class=\"_ _3\"></span>Grup<span class=\"_ _3\"></span>a P<span class=\"_ _3\"></span>GU<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Uz<span class=\"_ _3\"></span>dro<span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>ko<span class=\"_ _3\"></span> Po<span class=\"_ _3\"></span>\u0142cz<span class=\"_ _2\"></span>yn<span class=\"_ _3\"></span> G<span class=\"_ _3\"></span>rupa<span class=\"_ _3\"></span> PG<span class=\"_ _3\"></span>U<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Uz<span class=\"_ _3\"></span>dro<span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>ko<span class=\"_ _3\"></span> Ciep<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ic<span class=\"_ _3\"></span>e S<span class=\"_ _3\"></span>p. z o.<span class=\"_ _3\"></span>o. \u2013 Grup<span class=\"_ _1f\"></span>a <span class=\"_ _2\"></span>P<span class=\"_ _3\"></span>GU<span class=\"_ _192\"> </span>98,8<span class=\"_ _3\"></span>5%<span class=\"_ _192\"> </span>Uz<span class=\"_ _3\"></span>dro<span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>ko<span class=\"_ _3\"></span> \u015awi<span class=\"_ _3\"></span>erad\u00f3<span class=\"_ _3\"></span>w-Cze<span class=\"_ _3\"></span>rni<span class=\"_ _3\"></span>awa<span class=\"_ _3\"></span> Sp. z<span class=\"_ _3\"></span> o.o. \u2013<span class=\"_ _3\"></span> Grup<span class=\"_ _1f\"></span>a<span class=\"_ _2\"></span> PG<span class=\"_ _3\"></span>U<span class=\"_ _192\"> </span>99,4<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Fut<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>e 1<span class=\"_ _3\"></span> Sp\u00f3<span class=\"_ _3\"></span>\u0142ka z o.<span class=\"_ _3\"></span>o.<span class=\"_ _192\"> </span>100% <span class=\"_ _1f\"></span>(<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>\u0105g<span class=\"_ _3\"></span> dal<span class=\"_ _3\"></span>szy na<span class=\"_ _3\"></span> na<span class=\"_ _3\"></span>s<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>\u0119p<span class=\"_ _3\"></span>nej stro<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span>e)<span class=\"_ _192\"> </span>NI<span class=\"_ _3\"></span>TR<span class=\"_ _3\"></span>O<span class=\"_ _2\"></span>ERG <span class=\"_ _1f\"></span>SERWIS<span class=\"_ _3\"></span> Sp. z<span class=\"_ _3\"></span> o.o 87,1<span class=\"_ _3\"></span>2%<span class=\"_ _192\"> </span>CUPRU<span class=\"_ _3\"></span>M <span class=\"_ _1f\"></span>Z<span class=\"_ _2\"></span>drow<span class=\"_ _3\"></span>ie <span class=\"_ _3\"></span>sp. z o<span class=\"_ _3\"></span>.o.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>CUPRU<span class=\"_ _3\"></span>M <span class=\"_ _1f\"></span>De<span class=\"_ _2\"></span>ve<span class=\"_ _3\"></span>lopm<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>t sp. z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>PMT<span class=\"_ _3\"></span> Lini<span class=\"_ _3\"></span>e K<span class=\"_ _3\"></span>olejo<span class=\"_ _3\"></span>w<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> Sp.<span class=\"_ _3\"></span> z o.o.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGHM<span class=\"_ _3\"></span> C<span class=\"_ _3\"></span>entr<span class=\"_ _3\"></span>um<span class=\"_ _3\"></span> An<span class=\"_ _2\"></span>al<span class=\"_ _1f\"></span>it<span class=\"_ _2\"></span>yki S<span class=\"_ _3\"></span>p\u00f3\u0142k<span class=\"_ _3\"></span>a z o<span class=\"_ _3\"></span>.o.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Futu<span class=\"_ _3\"></span>re 3<span class=\"_ _3\"></span> Sp\u00f3<span class=\"_ _3\"></span>\u0142ka z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Futu<span class=\"_ _3\"></span>re 4<span class=\"_ _3\"></span> Sp\u00f3<span class=\"_ _3\"></span>\u0142ka z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Futu<span class=\"_ _3\"></span>re 5<span class=\"_ _3\"></span> Sp\u00f3<span class=\"_ _3\"></span>\u0142ka z<span class=\"_ _3\"></span> o.o.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>O<span class=\"_ _3\"></span>O<span class=\"_ _2\"></span>O <span class=\"_ _3\"></span>ZANA<span class=\"_ _1f\"></span>M VOST<span class=\"_ _3\"></span>OK 100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>TU<span class=\"_ _3\"></span>W Cu<span class=\"_ _3\"></span>prum<span class=\"_ _3\"></span> *<span class=\"_ _192\"> </span>99,49<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>* <span class=\"ff3\">Jedno<span class=\"_ _2\"></span>stka wy\u0142\u0105czona z kon<span class=\"_ _2\"></span>solidacji z uwagi na<span class=\"_ _2\"></span> nieistotny wp\u0142<span class=\"_ _2\"></span>yw na skonsolidowane<span class=\"_ _2\"></span> sprawozdanie fin<span class=\"_ _2\"></span>ansowe.</span>Fut<span class=\"_ _1f\"></span>u<span class=\"_ _53\"></span>r<span class=\"_ _1f\"></span>e<span class=\"_ _2\"></span> 1<span class=\"_ _3\"></span> Sp\u00f3<span class=\"_ _3\"></span>\u0142k<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span> z o<span class=\"_ _3\"></span>.o.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M I<span class=\"_ _1f\"></span>N<span class=\"_ _2\"></span>TE<span class=\"_ _3\"></span>RNA<span class=\"_ _3\"></span>TIO<span class=\"_ _3\"></span>NA<span class=\"_ _3\"></span>L LT<span class=\"_ _3\"></span>D.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>FNX <span class=\"_ _1f\"></span>Mi<span class=\"_ _2\"></span>ni<span class=\"_ _3\"></span>ng Co<span class=\"_ _1f\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1f\"></span>a<span class=\"_ _2\"></span>ny I<span class=\"_ _3\"></span>nc.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>089<span class=\"_ _3\"></span>91<span class=\"_ _3\"></span>9<span class=\"_ _2\"></span>6 <span class=\"_ _3\"></span>B.C<span class=\"_ _3\"></span>. Ltd<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>CEN<span class=\"_ _1f\"></span>T<span class=\"_ _53\"></span>EN<span class=\"_ _1f\"></span>A<span class=\"_ _2\"></span>RI<span class=\"_ _1f\"></span>O<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>H<span class=\"_ _2\"></span>O<span class=\"_ _3\"></span>LDIN<span class=\"_ _1f\"></span>G<span class=\"_ _2\"></span>S LT<span class=\"_ _3\"></span>D.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Mi<span class=\"_ _3\"></span>ner<span class=\"_ _3\"></span>a C<span class=\"_ _3\"></span>arrizali<span class=\"_ _3\"></span>llo<span class=\"_ _3\"></span> SpA<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M Ch<span class=\"_ _3\"></span>il<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> SpA<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>FRA<span class=\"_ _3\"></span>NKE<span class=\"_ _3\"></span> HO<span class=\"_ _1f\"></span>LDIN<span class=\"_ _2\"></span>G<span class=\"_ _3\"></span>S L<span class=\"_ _3\"></span>TD.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>DM<span class=\"_ _3\"></span>C Mi<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span>ng Se<span class=\"_ _3\"></span>rvi<span class=\"_ _3\"></span>ces<span class=\"_ _3\"></span> Ltd.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Q<span class=\"_ _3\"></span>uadra<span class=\"_ _3\"></span> FN<span class=\"_ _3\"></span>X H<span class=\"_ _3\"></span>oldin<span class=\"_ _3\"></span>gs <span class=\"_ _3\"></span>Pa<span class=\"_ _3\"></span>rtners<span class=\"_ _1f\"></span>hi<span class=\"_ _2\"></span>p<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>DM<span class=\"_ _2\"></span>C<span class=\"_ _2\"></span> Mi<span class=\"_ _2\"></span>nin<span class=\"_ _2\"></span>g <span class=\"_ _2\"></span>Servi<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span> Mex<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> S.A.<span class=\"_ _2\"></span> de <span class=\"_ _2\"></span>C.V.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>FNX <span class=\"_ _1f\"></span>Mi<span class=\"_ _2\"></span>ni<span class=\"_ _3\"></span>ng Co<span class=\"_ _1f\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1f\"></span>a<span class=\"_ _2\"></span>ny US<span class=\"_ _3\"></span>A I<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>c.<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>DMC<span class=\"_ _3\"></span> Min<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>g Se<span class=\"_ _3\"></span>rvice<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> Cor<span class=\"_ _3\"></span>porati<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Rob<span class=\"_ _1f\"></span>i<span class=\"_ _53\"></span>ns<span class=\"_ _3\"></span>on <span class=\"_ _1f\"></span>H<span class=\"_ _53\"></span>o<span class=\"_ _1f\"></span>ldin<span class=\"_ _3\"></span>gs (USA<span class=\"_ _3\"></span>) L<span class=\"_ _3\"></span>td.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>W<span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>nd<span class=\"_ _1f\"></span>over B<span class=\"_ _3\"></span>ul<span class=\"_ _3\"></span>k <span class=\"_ _2\"></span>Tr<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nshipm<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>nt Co<span class=\"_ _3\"></span>mp<span class=\"_ _3\"></span>any<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Rob<span class=\"_ _3\"></span>inson <span class=\"_ _1f\"></span>Nev<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>da<span class=\"_ _3\"></span> Mi<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span>ng Com<span class=\"_ _3\"></span>pa<span class=\"_ _1f\"></span>ny<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Ca<span class=\"_ _3\"></span>rlota<span class=\"_ _3\"></span> Holdi<span class=\"_ _3\"></span>ng<span class=\"_ _3\"></span>s Co<span class=\"_ _1f\"></span>m<span class=\"_ _2\"></span>pa<span class=\"_ _3\"></span>ny<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Ca<span class=\"_ _3\"></span>rl<span class=\"_ _3\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Co<span class=\"_ _3\"></span>ppe<span class=\"_ _3\"></span>r <span class=\"_ _2\"></span>C<span class=\"_ _1f\"></span>ompany<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>MI <span class=\"_ _3\"></span>H<span class=\"_ _3\"></span>OLDI<span class=\"_ _3\"></span>NGS <span class=\"_ _1f\"></span>LT<span class=\"_ _2\"></span>D.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Q<span class=\"_ _3\"></span>uadra<span class=\"_ _3\"></span> FN<span class=\"_ _3\"></span>X<span class=\"_ _3\"></span> Holdi<span class=\"_ _3\"></span>ngs <span class=\"_ _3\"></span>Chi<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e Li<span class=\"_ _3\"></span>m<span class=\"_ _1f\"></span>i<span class=\"_ _2\"></span>tada<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>A<span class=\"_ _3\"></span>gu<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> de la<span class=\"_ _1f\"></span> Sie<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ra Lim<span class=\"_ _1f\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>d<span class=\"_ _1f\"></span>a<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>Q<span class=\"_ _3\"></span>uadra<span class=\"_ _3\"></span> FN<span class=\"_ _3\"></span>X FFI<span class=\"_ _1f\"></span> <span class=\"_ _2\"></span>S.\u00e1<span class=\"_ _3\"></span> r.l.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M A<span class=\"_ _3\"></span>JAX<span class=\"_ _3\"></span> MIN<span class=\"_ _3\"></span>IN<span class=\"_ _3\"></span>G I<span class=\"_ _3\"></span>NC.<span class=\"_ _192\"> </span>80%<span class=\"_ _192\"> </span>Sug<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>rloaf <span class=\"_ _3\"></span>Ranc<span class=\"_ _3\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> Lt<span class=\"_ _3\"></span>d.<span class=\"_ _192\"> </span>80%<span class=\"_ _192\"> </span>KGH<span class=\"_ _3\"></span>M Ku<span class=\"_ _3\"></span>pfe<span class=\"_ _3\"></span>r A<span class=\"_ _3\"></span>G<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>DMC<span class=\"_ _3\"></span> Min<span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>g Se<span class=\"_ _3\"></span>rvice<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> Colo<span class=\"_ _3\"></span>mbia<span class=\"_ _3\"></span> SA<span class=\"_ _3\"></span>S<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>DM<span class=\"_ _3\"></span>C Mi<span class=\"_ _3\"></span>nin<span class=\"_ _3\"></span>g Se<span class=\"_ _3\"></span>rvi<span class=\"_ _3\"></span>ces<span class=\"_ _3\"></span> (UK) L<span class=\"_ _3\"></span>td.<span class=\"_ _192\"> </span>10<span class=\"_ _3\"></span>0%<span class=\"_ _192\"> </span>DMC<span class=\"_ _3\"></span> Mi<span class=\"_ _3\"></span>nin<span class=\"_ _3\"></span>g Se<span class=\"_ _3\"></span>rvi<span class=\"_ _3\"></span>c<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span> Chil<span class=\"_ _3\"></span>e<span class=\"_ _2\"></span> S<span class=\"_ _3\"></span>pA<span class=\"_ _192\"> </span>100<span class=\"_ _3\"></span>%<span class=\"_ _192\"> </span>Nota 12.12 Infor<span class=\"_ _3\"></span>macja o wp\u0142ywie Covid-19 i<span class=\"_ _3\"></span> wojny w Ukraini<span class=\"_ _3\"></span>e na funkcjonowanie Sp<span class=\"_ _3\"></span>\u00f3\u0142ki i Grupy <span class=\"_ _3\"></span>Kapita\u0142owej Najwi\u0119kszy <span class=\"_ _2\"></span>wp\u0142yw <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>funkcjonowa<span class=\"_ _3\"></span>nie <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>wyniki <span class=\"_ _2\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _2\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _53\"></span>ma <span class=\"_ _2\"></span>Jednostka <span class=\"_ _53\"></span>Dominuj\u0105ca oraz, w mniejszym <span class=\"_ _3\"></span>stopniu, Grupa <span class=\"_ _3\"></span>Kapita\u0142owa KGHM INTER<span class=\"_ _3\"></span>NATIONAL LTD. KLUCZOWE KATE<span class=\"_ _3\"></span>GORIE RYZYKA Najistotniejszymi <span class=\"_ _64\"> </span>kategoriami<span class=\"_ _3\"></span> <span class=\"_ _64\"> </span>ryzyka <span class=\"_ _62\"> </span>zwi\u0105z<span class=\"_ _3\"></span>anymi <span class=\"_ _64\"> </span>z <span class=\"_ _62\"> </span>pand<span class=\"_ _3\"></span>emi\u0105 <span class=\"_ _64\"> </span>COVID-19 <span class=\"_ _64\"> </span>i <span class=\"_ _62\"> </span>wojn\u0105 <span class=\"_ _64\"> </span>w <span class=\"_ _64\"> </span>Ukrainie <span class=\"_ _64\"> </span>wp\u0142ywaj\u0105cymi<span class=\"_ _3\"></span> na funkcjonowanie Sp<span class=\"_ _3\"></span>\u00f3\u0142ki i Grupy, <span class=\"_ _3\"></span>s\u0105: \u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">podwy\u017cszona <span class=\"_ _2\"></span>absencja <span class=\"_ _53\"></span>w\u015br\u00f3d <span class=\"_ _2\"></span>pracownik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _53\"></span>g\u0142\u00f3wn<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i\u0105gu <span class=\"_ _2\"></span>technologiczn<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>wyniku <span class=\"_ _2\"></span>kolejnych <span class=\"_ _2\"></span>fal <span class=\"_ _2\"></span>zaka\u017cenia </span></span>wirusem SARS CoV-2,<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">dalszy wzrost cen paliw oraz<span class=\"_ _3\"></span> no\u015bnik\u00f3w energii, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">zaburzenia w \u0142a\u0144cuchu dostaw i <span class=\"_ _3\"></span>dost\u0119pno\u015b\u0107 ma<span class=\"_ _3\"></span>teria\u0142\u00f3w (np. stal)<span class=\"_ _3\"></span>, paliw i energii na rynkach <span class=\"_ _3\"></span>mi\u0119dzynar<span class=\"_ _3\"></span>odowych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">zaburzenia oraz ograniczenia <span class=\"_ _3\"></span>logistyczne w transp<span class=\"_ _3\"></span>orcie mi\u0119dzynarodowym,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">og<span class=\"_ _2\"></span>raniczenia <span class=\"_ _53\"></span>na <span class=\"_ _0\"> </span>nie<span class=\"_ _2\"></span>kt\u00f3rych <span class=\"_ _53\"></span>rynkach <span class=\"_ _0\"></span>zbytu, <span class=\"_ _0\"></span>spadek <span class=\"_ _0\"></span>popytu <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>optymalizacja <span class=\"_ _0\"></span>zapas<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _0\"></span>surowc\u00f3w <span class=\"_ _0\"></span>i produkt\u00f3w<span class=\"_ _3\"></span> </span></span>gotowych u kontrahen<span class=\"_ _3\"></span>t\u00f3w,  \u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">\u015bwiatowe spowolnienie g<span class=\"_ _3\"></span>ospodarcze, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">potencjalne nadzwyczajne zmia<span class=\"_ _3\"></span>ny przepis\u00f3w pr<span class=\"_ _3\"></span>awa, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">zmienno\u015b\u0107 notowa\u0144 miedzi, sr<span class=\"_ _3\"></span>ebra i molibdenu,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">zmienno\u015b\u0107 notowa\u0144 molibdenu,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">zmienno\u015b\u0107 kursu walutow<span class=\"_ _3\"></span>ego USD/PLN, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">zmienno\u015b\u0107 <span class=\"_ _74\"> </span>koszt\u00f3w <span class=\"_ _1\"> </span>produkcji <span class=\"_ _74\"> </span>miedzi <span class=\"_ _1\"> </span>e<span class=\"_ _2\"></span>lektrolitycznej, <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>tym <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>szczeg\u00f3lno\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>podatku <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>wydobycia </span></span>niekt\u00f3rych <span class=\"_ _1\"> </span>kopalin, <span class=\"_ _1\"> </span>zmiany <span class=\"_ _74\"> </span>warto\u015bci <span class=\"_ _1\"> </span>zu\u017cytych <span class=\"_ _74\"> </span>obcych <span class=\"_ _1\"> </span>materia\u0142\u00f3w <span class=\"_ _1\"> </span>mie<span class=\"_ _2\"></span>dziono\u015bnych <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>waha\u0144 <span class=\"_ _1\"> </span>c<span class=\"_ _2\"></span>en <span class=\"_ _1\"> </span>no\u015bnik\u00f3w energii i energii elek<span class=\"_ _3\"></span>trycznej, \u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">wzrost cen materia\u0142\u00f3w i us\u0142u<span class=\"_ _3\"></span>g wynikaj\u0105cy z obs<span class=\"_ _3\"></span>erwowanej wysoki<span class=\"_ _3\"></span>ej inflacji, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _65\"> </span><span class=\"ff2\">og\u00f3lna niepewno\u015b\u0107 na rynka<span class=\"_ _3\"></span>ch finansowych oraz <span class=\"_ _3\"></span>skutki gospodarcze k<span class=\"_ _3\"></span>ryzysu. </span></span>Oceny <span class=\"_ _2\"></span>kluczow<span class=\"_ _3\"></span>ych <span class=\"_ _2\"></span>kategorii ryzyka, na kt\u00f3<span class=\"_ _2\"></span>re ma <span class=\"_ _2\"></span>wp\u0142yw <span class=\"_ _2\"></span>pandemia<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>koronawirusa i <span class=\"_ _2\"></span>wojna w <span class=\"_ _2\"></span>Ukrainie, dokonuje <span class=\"_ _2\"></span>si\u0119 poprzez bie\u017c\u0105cy  monitoring <span class=\"_ _74\"> </span>wy<span class=\"_ _2\"></span>branych <span class=\"_ _74\"> </span>info<span class=\"_ _2\"></span>rmacji <span class=\"_ _74\"> </span>z  obszaru  produkcji,  sprz<span class=\"_ _3\"></span>eda\u017cy,  \u0142a\u0144cucha  dostaw,  z<span class=\"_ _3\"></span>arz\u0105dzania <span class=\"_ _74\"> </span>pe<span class=\"_ _2\"></span>rsonelem i finans\u00f3w, <span class=\"_ _74\"> </span>w  celu <span class=\"_ _58\"> </span>wsparcia <span class=\"_ _74\"> </span>procesu  weryfikacji <span class=\"_ _74\"> </span>aktualnej  syt<span class=\"_ _3\"></span>uacji  finans<span class=\"_ _3\"></span>owej  i <span class=\"_ _74\"> </span>operacyjnej  Grupy <span class=\"_ _74\"> </span>Kapita\u0142owej  KGH<span class=\"_ _3\"></span>M Polska Mied\u017a S.A. <span class=\"_ _3\"></span> WP\u0141YW NA RYNE<span class=\"_ _3\"></span>K METALI I KURS AKCJI<span class=\"_ _3\"></span> Z <span class=\"_ _1\"> </span>punktu <span class=\"_ _74\"> </span>widzenia <span class=\"_ _1\"> </span>Grupy <span class=\"_ _74\"> </span>skutkiem <span class=\"_ _1\"> </span>pandemii <span class=\"_ _1\"> </span>COVID-19 <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>wojny <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>U<span class=\"_ _2\"></span>krainie <span class=\"_ _1\"> </span>jest <span class=\"_ _74\"> </span>wzrost <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>rynkowego <span class=\"_ _1\"> </span>zwi\u0105zanego z wahaniami  cen <span class=\"_ _146\"> </span>me<span class=\"_ _2\"></span>tali <span class=\"_ _146\"> </span>oraz <span class=\"_ _57\"> </span>indeks\u00f3w <span class=\"_ _146\"> </span>gie\u0142dowych. <span class=\"_ _146\"> </span>Kurs <span class=\"_ _57\"> </span>akcji <span class=\"_ _146\"> </span>Sp\u00f3<span class=\"_ _2\"></span>\u0142ki  na <span class=\"_ _57\"> </span>koniec <span class=\"_ _57\"> </span>2022  r. <span class=\"_ _57\"> </span>wzr\u00f3<span class=\"_ _2\"></span>s\u0142  o<span class=\"_ _2\"></span>  45% <span class=\"_ _57\"> </span>w <span class=\"_ _146\"> </span>sto<span class=\"_ _2\"></span>sunku do notowa\u0144 <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>koniec <span class=\"_ _0\"> </span>III <span class=\"_ _1\"> </span>kwarta\u0142u <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _0\"></span>spad\u0142 <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>9% <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>stosunku <span class=\"_ _0\"> </span>do <span class=\"_ _1\"> </span>ko\u0144ca <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"> </span>i <span class=\"_ _1\"> </span>na <span class=\"_ _0\"> </span>zamkni\u0119ciu <span class=\"_ _1\"> </span>sesji <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>dniu 30 grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>wyni\u00f3<span class=\"_ _2\"></span>s\u0142 <span class=\"_ _2\"></span>126,75 <span class=\"_ _2\"></span>PLN. <span class=\"_ _53\"></span>W <span class=\"_ _2\"></span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>samym <span class=\"_ _2\"></span>okresach <span class=\"_ _2\"></span>indeks <span class=\"_ _53\"></span>WIG <span class=\"_ _2\"></span>wzr\u00f3s\u0142 <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>14% <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>spad\u0142 <span class=\"_ _53\"></span>o <span class=\"_ _2\"></span>17%, <span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>WIG20 <span class=\"_ _2\"></span>wzr\u00f3s\u0142 o 30% i spad\u0142 o 21%. W <span class=\"_ _2\"></span>konsekw<span class=\"_ _3\"></span>encji zmiany cen akcji KGHM kapitalizacja Sp\u00f3\u0142ki spad\u0142a z 27,88<span class=\"_ _3\"></span> mld PLN <span class=\"_ _2\"></span>na koniec 2021 r. do 25,35 m<span class=\"_ _3\"></span>ld PLN na koniec 2022<span class=\"_ _3\"></span> r. Po stabilnym I p\u00f3\u0142roczu 2022 r., <span class=\"_ _2\"></span>gdzie \u015brednia cena miedzi wynios\u0142a 9 761 USD/t nast\u0105pi\u0142 spadek ceny o 18,6% w stos<span class=\"_ _2\"></span>unku do <span class=\"_ _1\"> </span>\u015bredniej <span class=\"_ _0\"> </span>ceny <span class=\"_ _1\"> </span>miedzi <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>II <span class=\"_ _1\"> </span>kwartale <span class=\"_ _0\"></span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _0\"> </span>Od <span class=\"_ _1\"> </span>listo<span class=\"_ _2\"></span>pada <span class=\"_ _0\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>odnotowano <span class=\"_ _1\"> </span>tendencj\u0119 <span class=\"_ _0\"></span>wzrostow\u0105 <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>IV<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>kwartale 2022 r. nast\u0105pi\u0142 wzrost \u015bredni<span class=\"_ _3\"></span>ej ceny miedzi o 3,3% w stosunku do \u015bredniej ceny miedzi w III kwartale 2<span class=\"_ _3\"></span>022 r. \u015arednia cena miedzi w ca\u0142ym r<span class=\"_ _3\"></span>oku 2022 wynios\u0142a 8 <span class=\"_ _3\"></span>797 USD/t, czyli kszta\u0142<span class=\"_ _3\"></span>towa\u0142a si\u0119 na poziomie z<span class=\"_ _3\"></span>ak\u0142adanym w bud\u017c<span class=\"_ _3\"></span>ecie. WP\u0141YW NA RYNE<span class=\"_ _3\"></span>K PALIW, NO\u015aNIK\u00d3<span class=\"_ _3\"></span>W ENERGII ORAZ <span class=\"_ _3\"></span>DOST\u0118PNO\u015a\u0106 SURO<span class=\"_ _3\"></span>WC\u00d3W I MATERIA\u0141\u00d3<span class=\"_ _3\"></span>W Ewentualna <span class=\"_ _0\"></span>kontynuacja <span class=\"_ _53\"></span>wzrost\u00f3w <span class=\"_ _0\"></span>cen <span class=\"_ _0\"></span>paliw <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>no\u015bnik\u00f3w <span class=\"_ _0\"></span>energii <span class=\"_ _0\"></span>mo\u017ce <span class=\"_ _0\"></span>by\u0107 <span class=\"_ _53\"></span>nadal <span class=\"_ _0\"> </span>g\u0142\u00f3wnym <span class=\"_ _0\"></span>czynnikiem <span class=\"_ _0\"></span>generuj\u0105cym<span class=\"_ _3\"></span> dalszy wzrost koszt<span class=\"_ _3\"></span>\u00f3w podstawowej dzia\u0142aln<span class=\"_ _3\"></span>o\u015bci.<span class=\"ff1 fc2\"> </span>Obserwowane <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>pojedyncze <span class=\"_ _59\"> </span>odchylenia <span class=\"_ _5a\"> </span>w <span class=\"_ _59\"> </span>dost\u0119pno\u015bci <span class=\"_ _5a\"> </span>surowc\u00f3w <span class=\"_ _59\"> </span>i <span class=\"_ _5a\"> </span>materia\u0142\u00f3w, <span class=\"_ _5a\"> </span>jednak <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>chwili <span class=\"_ _59\"> </span>obecnej <span class=\"_ _5a\"> </span>Grupa Kapita\u0142owa <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _53\"></span>Mie<span class=\"_ _2\"></span>d\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _53\"></span>wci\u0105\u017c <span class=\"_ _0\"></span>nie <span class=\"_ _53\"></span>odczuwa <span class=\"_ _53\"></span>istotnie <span class=\"_ _53\"></span>negatywnego <span class=\"_ _53\"></span>wp\u0142ywu <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ych <span class=\"_ _53\"></span>waha\u0144 <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>swoj\u0105 <span class=\"_ _53\"></span>dzia\u0142alno\u015b\u0107.<span class=\"_ _3\"></span> Bior\u0105c <span class=\"_ _0\"></span>pod <span class=\"_ _0\"></span>uwag\u0119 <span class=\"_ _53\"></span>kwesti\u0119 <span class=\"_ _0\"></span>ci\u0105g\u0142o\u015bci <span class=\"_ _0\"></span>dostaw <span class=\"_ _0\"></span>no\u015bnik\u00f3w <span class=\"_ _53\"></span>energii <span class=\"_ _0\"></span>(gaz, <span class=\"_ _53\"></span>w\u0119g<span class=\"_ _2\"></span>iel, <span class=\"_ _0\"></span>koks) <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>Kapita\u0142owa <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a<span class=\"_ _3\"></span> S.A.  na  chwil\u0119  obecn\u0105  nie<span class=\"_ _2\"></span>  odczuwa<span class=\"_ _3\"></span>  negatywnych  skutk\u00f3w  wstrzymania  dostaw  rosyjskiego  gazu,  w\u0119gla  oraz  koksu i posiada <span class=\"_ _64\"> </span>pe\u0142n\u0105 <span class=\"_ _5d\"> </span>zdolno\u015b\u0107 <span class=\"_ _5d\"> </span>do <span class=\"_ _64\"> </span>utrzymania <span class=\"_ _64\"> </span>ci\u0105g\u0142<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _64\"> </span>g\u0142\u00f3wnego <span class=\"_ _5d\"> </span>ci\u0105gu <span class=\"_ _64\"> </span>technologicz<span class=\"_ _3\"></span>nego <span class=\"_ _64\"> </span>i pozosta\u0142ych <span class=\"_ _5d\"> </span>proces\u00f3w<span class=\"_ _3\"></span> produkcyjnych.<span class=\"_ _3\"></span> KGHM <span class=\"_ _5a\"> </span>Polska <span class=\"_ _5a\"> </span>Mied\u017a <span class=\"_ _5a\"> </span>S.A. <span class=\"_ _5a\"> </span>jako<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>jeden <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>najwi\u0119kszych <span class=\"_ _5a\"> </span>odbiorc\u00f3w <span class=\"_ _5a\"> </span>energii <span class=\"_ _59\"> </span>e<span class=\"_ _2\"></span>lektrycznej <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>kraju <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _5a\"> </span>wielu <span class=\"_ _5a\"> </span>lat <span class=\"_ _5a\"> </span>swoje zapotrzebowanie <span class=\"_ _69\"> </span>na <span class=\"_ _5d\"> </span>energi\u0119 <span class=\"_ _5d\"> </span>elektryczn\u0105 <span class=\"_ _5d\"> </span>dywersyfiku<span class=\"_ _3\"></span>je <span class=\"_ _5d\"> </span>wed\u0142ug <span class=\"_ _5d\"> </span>wypracowan<span class=\"_ _3\"></span>ej <span class=\"_ _5d\"> </span>przez <span class=\"_ _5d\"> </span>lata <span class=\"_ _5d\"> </span>skutecznej <span class=\"_ _69\"> </span>st<span class=\"_ _2\"></span>rategii<span class=\"_ _3\"></span> uwzgl\u0119dniaj\u0105cej <span class=\"_ _59\"> </span>w\u0142<span class=\"_ _2\"></span>asn\u0105 <span class=\"_ _5a\"> </span>genera<span class=\"_ _3\"></span>cj\u0119. <span class=\"_ _5a\"> </span>Zakup <span class=\"_ _5a\"> </span>realizowany <span class=\"_ _5a\"> </span>jest <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>obr\u0119bie <span class=\"_ _5a\"> </span>kontrakt\u00f3w <span class=\"_ _5a\"> </span>bilateralnych, <span class=\"_ _59\"> </span>um\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _5a\"> </span>ramowych z wieloma <span class=\"_ _5a\"> </span>dostawcami <span class=\"_ _5a\"> </span>oraz <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>Towarowej <span class=\"_ _54\"> </span>Gi<span class=\"_ _3\"></span>e\u0142dzie <span class=\"_ _5a\"> </span>Energii <span class=\"_ _5a\"> </span>(kontrakty <span class=\"_ _5a\"> </span>te<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>nie <span class=\"_ _5a\"> </span>stanowi\u0105 <span class=\"_ _5a\"> </span>instrumentu <span class=\"_ _5a\"> </span>finansowego w rozumieniu MSSF). Pol<span class=\"_ _3\"></span>ityka zakupowa energii elektr<span class=\"_ _3\"></span>ycznej oraz paliwa <span class=\"_ _3\"></span>gazowego jest od lat realizowana w <span class=\"_ _3\"></span>ramach Sta\u0142ej Komisji zakupow<span class=\"_ _3\"></span>ej energii elektrycznej, paliwa <span class=\"_ _3\"></span>gazowego i pr<span class=\"_ _3\"></span>aw maj\u0105tkowych. Niezale\u017cnie <span class=\"_ _57\"> </span>jednak <span class=\"_ _59\"> </span>od <span class=\"_ _57\"> </span>braku <span class=\"_ _59\"> </span>istotni<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>niekorzystne<span class=\"_ _3\"></span>go <span class=\"_ _59\"> </span>wp\u0142ywu<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>opisanych <span class=\"_ _57\"> </span>powy\u017cej <span class=\"_ _57\"> </span>ogranicze\u0144 <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>dzia\u0142alno\u015b\u0107 <span class=\"_ _59\"> </span>Grupy,<span class=\"_ _3\"></span> Jednostka <span class=\"_ _0\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>dnotowa\u0142a <span class=\"_ _53\"></span>ne<span class=\"_ _2\"></span>gatywny <span class=\"_ _53\"></span>wp\u0142<span class=\"_ _2\"></span>yw <span class=\"_ _0\"></span>wzrostu <span class=\"_ _0\"></span>cen <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>rynku <span class=\"_ _0\"></span>paliw <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>no\u015bnik\u00f3w <span class=\"_ _0\"></span>energii, <span class=\"_ _0\"></span>kt\u00f3ry <span class=\"_ _0\"></span>ostatecznie spowodowa\u0142 <span class=\"_ _74\"> </span>odchylenia <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>realizacji <span class=\"_ _74\"> </span>za\u0142o\u017ce\u0144 <span class=\"_ _74\"> </span>bud\u017cetowych <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r.  po <span class=\"_ _74\"> </span>stronie <span class=\"_ _74\"> </span>kosztowej <span class=\"_ _74\"> </span>KGHM  P<span class=\"_ _3\"></span>olska <span class=\"_ _74\"> </span>Mied\u017a <span class=\"_ _74\"> </span>S.A.  Szczeg\u00f3\u0142y <span class=\"_ _54\"> </span>dotycz\u0105ce <span class=\"_ _54\"> </span>wynik\u00f3w <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>peracyjnych <span class=\"_ _54\"> </span>segm<span class=\"_ _3\"></span>ent\u00f3w <span class=\"_ _54\"> </span>znajduj\u0105 <span class=\"_ _54\"> </span>si\u0119 <span class=\"_ _54\"> </span>w  <span class=\"_ _54\"> </span>rozdzia\u0142ach <span class=\"_ _54\"> </span>8-11 <span class=\"_ _54\"> </span>Sprawozdania <span class=\"_ _54\"> </span>Zarz\u0105du z dzia\u0142alno\u015bci KGHM P<span class=\"_ _3\"></span>olska Mied\u017a <span class=\"_ _3\"></span>S.A. oraz Grupy Kapita\u0142owej KG<span class=\"_ _3\"></span>HM Polska Mied\u017a <span class=\"_ _3\"></span>S.A. w 2022 roku.<span class=\"_ _192\"> </span>WP\u0141YW NA DZIA\u0141A<span class=\"_ _3\"></span>LNO\u015a\u0106 UZDR<span class=\"_ _3\"></span>OWISKOW\u0104 GRUPY<span class=\"ff2 fc0\"> </span>Odnotowana  na  pocz<span class=\"_ _3\"></span>\u0105tku  2022  r.  wzmo\u017cona  liczba  ch<span class=\"_ _3\"></span>orych  na  wariant  omikr<span class=\"_ _3\"></span>on  wirusa  SARS-CoV-2,  a  w  k<span class=\"_ _3\"></span>olejnych miesi\u0105cach  wojna  w  Ukrainie,  spow<span class=\"_ _3\"></span>odowa\u0142y  czasowy  spadek  liczby  rezerwacji  i  przyjaz<span class=\"_ _3\"></span>d\u00f3w  klient\u00f3w  do  podmiot\u00f3w uzdrowiskowych. <span class=\"_ _1\"> </span>Niemniej <span class=\"_ _1\"> </span>sytuacja <span class=\"_ _1\"> </span>pocz\u0105wszy <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>prze\u0142omu <span class=\"_ _1\"> </span>kwietnia <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>maja <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _1\"> </span>uleg<span class=\"_ _2\"></span>a\u0142a <span class=\"_ _1\"> </span>systematycznej <span class=\"_ _1\"> </span>poprawie  i  stabilizacji.  Pocz\u0105wszy  od <span class=\"_ _146\"> </span>16  maja  2022  r. <span class=\"_ _146\"> </span> <span class=\"_ _146\"> </span>zniesio<span class=\"_ _2\"></span>ny  zosta\u0142  stan  pandemii,  a  w <span class=\"_ _146\"> </span>jego <span class=\"_ _146\"> </span>miejsce  wprowadzono  stan zagro\u017cenia <span class=\"_ _54\"> </span>pandemicznego, <span class=\"_ _54\"> </span>kt\u00f3ry <span class=\"_ _55\"> </span>obowi\u0105zywa\u0107 <span class=\"_ _55\"> </span>b\u0119dzie <span class=\"_ _54\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>dwo\u0142ania. <span class=\"_ _54\"> </span>W <span class=\"_ _55\"> </span>IV <span class=\"_ _55\"> </span>kwartale <span class=\"_ _55\"> </span>2022 <span class=\"_ _54\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _55\"> </span>nie <span class=\"_ _55\"> </span>odnotowano bezpo\u015bredniego <span class=\"_ _1\"> </span>negatywnego <span class=\"_ _1\"> </span>wp\u0142ywu <span class=\"_ _1\"> </span>COVID-19 <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>funkcjonowanie <span class=\"_ _74\"> </span>rynku, <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>ramach <span class=\"_ _1\"> </span>kt\u00f3<span class=\"_ _2\"></span>rego <span class=\"_ _1\"> </span>sp\u00f3\u0142ki <span class=\"_ _74\"> </span>prowadz\u0105 <span class=\"_ _1\"> </span>swo<span class=\"_ _2\"></span>j\u0105 dzia\u0142alno\u015b\u0107. <span class=\"_ _74\"> </span>Tym  samym <span class=\"_ _74\"> </span>sp\u00f3\u0142ki <span class=\"_ _74\"> </span>nie  prognozuj\u0105 <span class=\"_ _74\"> </span>w  sw<span class=\"_ _3\"></span>oich  za\u0142o\u017c<span class=\"_ _3\"></span>eniach  finan<span class=\"_ _3\"></span>sowych  na <span class=\"_ _74\"> </span>rok  2<span class=\"_ _3\"></span>023  oraz<span class=\"_ _3\"></span>  na <span class=\"_ _74\"> </span>lata  kolejne ogranicze\u0144 w prowadz<span class=\"_ _3\"></span>onej dzia\u0142alno\u015bci lub cz<span class=\"_ _3\"></span>asowego zamyka<span class=\"_ _3\"></span>nia dzia\u0142alno\u015bci w <span class=\"_ _3\"></span>posiadanych obi<span class=\"_ _3\"></span>ektach leczniczych. <span class=\"_ _3\"></span> Sp\u00f3\u0142ki <span class=\"_ _59\"> </span>uzdrowiskowe <span class=\"_ _57\"> </span>prowadz\u0105c <span class=\"_ _59\"> </span>dzia\u0142alno\u015b\u0107 <span class=\"_ _59\"> </span>lecznicz\u0105, <span class=\"_ _59\"> </span>finansowan<span class=\"_ _3\"></span>\u0105 <span class=\"_ _59\"> </span>ze <span class=\"_ _59\"> </span>\u015brodk\u00f3w <span class=\"_ _59\"> </span>publicznych, <span class=\"_ _57\"> </span>ko<span class=\"_ _2\"></span>rzystaj\u0105 <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>chrony wynikaj\u0105cej <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>ust<span class=\"_ _2\"></span>awy <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>szczeg\u00f3ln<span class=\"_ _3\"></span>ych <span class=\"_ _0\"></span>rozwi\u0105zaniach <span class=\"_ _53\"></span>s\u0142u\u017c\u0105cych <span class=\"_ _53\"></span>ochronie <span class=\"_ _53\"></span>odbiorc\u00f3w <span class=\"_ _53\"></span>paliw <span class=\"_ _0\"></span>gaz<span class=\"_ _3\"></span>owych <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>sy<span class=\"_ _2\"></span>tuacj\u0105 na rynku <span class=\"_ _2\"></span>gazu. <span class=\"_ _2\"></span>Ochrona <span class=\"_ _2\"></span>przewidziana <span class=\"_ _2\"></span>ustaw\u0105 <span class=\"_ _2\"></span>b\u0119<span class=\"_ _2\"></span>dzie <span class=\"_ _2\"></span>funkcjonowa\u0107 <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>\u0144ca <span class=\"_ _2\"></span>2023 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Zo<span class=\"_ _2\"></span>bowi\u0105zania f<span class=\"_ _2\"></span>inansowe <span class=\"_ _2\"></span>uzdrowisk wobec <span class=\"_ _53\"></span>kredytodawc\u00f3w <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>le<span class=\"_ _2\"></span>asingodawc<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>IV <span class=\"_ _53\"></span>kwartale <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _2\"></span>by<span class=\"_ _2\"></span>\u0142y <span class=\"_ _53\"></span>regulowane <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>bie\u017c\u0105c<span class=\"_ _3\"></span>o, <span class=\"_ _0\"></span>a <span class=\"_ _53\"></span>poprawa <span class=\"_ _53\"></span>wynik\u00f3w, <span class=\"_ _53\"></span>mimo wy\u017cszych  ni\u017c  oczekiwano  koszt\u00f3w  e<span class=\"_ _2\"></span>nergii  elektrycznej,  gazu  oraz  obs\u0142ugi  d\u0142<span class=\"_ _2\"></span>ugu,  wp\u0142yn\u0119\u0142y  pozytywnie  na  spe\u0142nienie warunk\u00f3w umowy w<span class=\"_ _3\"></span> ramach umowy kred<span class=\"_ _3\"></span>ytu inwestycyjneg<span class=\"_ _3\"></span>o z bankiem Pekao S.A.<span class=\"_ _3\"></span> W <span class=\"_ _74\"> </span>zwi\u0105zku <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>zyskanymi <span class=\"_ _1\"> </span>\u015brodkami <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>Tarczy <span class=\"_ _74\"> </span>2.0 <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>Du\u017cych <span class=\"_ _74\"> </span>Przedsi\u0119bi<span class=\"_ _3\"></span>orc\u00f3w <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>Polskiego <span class=\"_ _1\"> </span>F<span class=\"_ _2\"></span>und<span class=\"_ _3\"></span>uszu <span class=\"_ _74\"> </span>Rozwoju <span class=\"_ _74\"> </span>S.A. <span class=\"_ _1\"> </span>(PF<span class=\"_ _2\"></span>R) za okresy <span class=\"_ _74\"> </span>obj\u0119te  zamkni\u0119ci<span class=\"_ _3\"></span>em  dz<span class=\"_ _3\"></span>ia\u0142alno\u015bci,  w <span class=\"_ _74\"> </span>sierpniu <span class=\"_ _74\"> </span>2022  r. <span class=\"_ _74\"> </span>Uzdrowisko  Po\u0142czyn <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>PGU  S.A. <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _74\"> </span>Uzdrowiska K\u0142odzkie S.A. <span class=\"_ _2\"></span>Grupa PGU rozliczy\u0142y <span class=\"_ _2\"></span>pozyskani<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>wsparcie i o<span class=\"_ _2\"></span>trzyma\u0142y umorzenie po\u017cyczki. Pozosta\u0142e Sp\u00f3\u0142ki, kt\u00f3re <span class=\"_ _2\"></span>otrzyma\u0142y subwencje w rama<span class=\"_ _3\"></span>ch programu Tarczy Finans<span class=\"_ _3\"></span>owej PFR dla sektora Ma\u0142ych <span class=\"_ _3\"></span>i \u015arednich Przedsi\u0119bior<span class=\"_ _3\"></span>stw, oczekuj\u0105 na <span class=\"_ _3\"></span>decyzj\u0119 PFR o dokonaniu rozl<span class=\"_ _3\"></span>iczenia wsparcia.  WP\u0141YW NA DZIA\u0141A<span class=\"_ _3\"></span>LNO\u015a\u0106 JEDNOSTKI DOMI<span class=\"_ _3\"></span>NUJ\u0104CEJ I POZOS<span class=\"_ _3\"></span>TA\u0141YCH SP\u00d3\u0141EK <span class=\"_ _3\"></span>GRUPY Sytuacja pandemiczna spowodowana COVID-19 nie <span class=\"_ _2\"></span>mia\u0142a istotnego <span class=\"_ _2\"></span>wp\u0142ywu na dzia\u0142alno\u015b\u0107 operacyjn\u0105 Grupy Kapita\u0142owej. Na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>publikacji <span class=\"_ _1\"> </span>niniejszego <span class=\"_ _1\"> </span>raportu <span class=\"_ _74\"> </span>Zarz\u0105d <span class=\"_ _1\"> </span>Jednostki <span class=\"_ _1\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _1\"> </span>ocenia <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _74\"> </span>utraty <span class=\"_ _1\"> </span>ci\u0105g\u0142o\u015bci <span class=\"_ _74\"> </span>dzia\u0142ania <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u<span class=\"_ _3\"></span> COVID-19 nadal <span class=\"_ _3\"></span>jako niskie.  Sytuacja <span class=\"_ _1\"> </span>geopolityczna <span class=\"_ _0\"></span>zwi\u0105zana <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>bezpo\u015bredni\u0105 <span class=\"_ _1\"> </span>agresj\u0105 <span class=\"_ _1\"> </span>Rosji <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>U<span class=\"_ _2\"></span>krain\u0119 <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>wdro\u017conym <span class=\"_ _1\"> </span>sy<span class=\"_ _3\"></span>stemem <span class=\"_ _1\"> </span>sankcji <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>chwili obecnej <span class=\"_ _2\"></span>nie <span class=\"_ _53\"></span>ogranicza <span class=\"_ _53\"></span>dzia\u0142alno\u015bci <span class=\"_ _2\"></span>operacyjnej <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>rupy <span class=\"_ _2\"></span>Kapita\u0142owej, <span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>zak\u0142\u00f3cenia <span class=\"_ _2\"></span>ci\u0105g\u0142o\u015bci <span class=\"_ _53\"></span>dzia\u0142alno\u015bci <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tego tytu\u0142u oceniane j<span class=\"_ _3\"></span>est ci\u0105gle jako niskie.<span class=\"_ _3\"></span> Pomimo <span class=\"_ _0\"></span>obserwowanej <span class=\"_ _0\"></span>wysoki<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>inflacji <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>go<span class=\"_ _2\"></span>spodarce <span class=\"_ _0\"></span>\u015bwiatow<span class=\"_ _3\"></span>ej, <span class=\"_ _0\"></span>skutkuj\u0105cej <span class=\"_ _0\"></span>zacie\u015bnianiem <span class=\"_ _0\"></span>polityki <span class=\"_ _0\"></span>monetarnej, <span class=\"_ _0\"></span>popyt na kluczowe <span class=\"_ _53\"></span>produkty <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>nie <span class=\"_ _53\"></span>uleg\u0142 <span class=\"_ _0\"></span>znacz\u0105c<span class=\"_ _3\"></span>emu <span class=\"_ _53\"></span>pogorszeniu <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>IV <span class=\"_ _53\"></span>kwartale <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>Ceny <span class=\"_ _0\"></span>metali <span class=\"_ _53\"></span>charakteryzowa\u0142y <span class=\"_ _53\"></span>si\u0119 dynamik\u0105 <span class=\"_ _2\"></span>wzrostow\u0105 <span class=\"_ _2\"></span>b\u0119d\u0105c\u0105 <span class=\"_ _2\"></span>skutkiem <span class=\"_ _2\"></span>mi\u0119dzy <span class=\"_ _2\"></span>innymi <span class=\"_ _2\"></span>deprecjacji <span class=\"_ _2\"></span>dolara <span class=\"_ _2\"></span>ameryka\u0144skiego. <span class=\"_ _2\"></span>Dodat<span class=\"_ _3\"></span>kowo, <span class=\"_ _2\"></span>z\u0142agodzenie <span class=\"_ _2\"></span>przez w\u0142adze  chi\u0144skie  p<span class=\"_ _3\"></span>olityki  \u201ezer<span class=\"_ _3\"></span>o  COVID\u201d  zr<span class=\"_ _3\"></span>odzi\u0142o  nadziej\u0119  na <span class=\"_ _74\"> </span>wzrost  konsumpcji  m<span class=\"_ _3\"></span>etali  w  Pa\u0144<span class=\"_ _3\"></span>stwie  \u015arodka  w <span class=\"_ _74\"> </span>2023  r., co r\u00f3wnie\u017c wp\u0142yn<span class=\"_ _3\"></span>\u0119\u0142o pozytywnie na <span class=\"_ _3\"></span>wzrost cen metali w k<span class=\"_ _3\"></span>o\u0144c\u00f3wce 2022 r. W  nadchodz\u0105c<span class=\"_ _3\"></span>ym  roku  g\u0142<span class=\"_ _3\"></span>\u00f3wnymi  \u017ar\u00f3d\u0142ami  ryzyka <span class=\"_ _74\"> </span>dla  rozwoju <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>ospodarczego <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>zostaj\u0105 <span class=\"_ _74\"> </span>wysoki  poziom  inflacji <span class=\"_ _74\"> </span>oraz agresja <span class=\"_ _0\"></span>Rosji <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>Ukrain\u0119, <span class=\"_ _0\"></span>kt\u00f3re <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>ko<span class=\"_ _2\"></span>nsekw<span class=\"_ _3\"></span>encji <span class=\"_ _1\"> </span>mog\u0105 <span class=\"_ _0\"></span>przynie\u015b\u0107<span class=\"_ _3\"></span> <span class=\"_ _0\"> </span>spo<span class=\"_ _2\"></span>wolnienie <span class=\"_ _0\"></span>gospodarcz<span class=\"_ _3\"></span>e <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>bran\u017cach <span class=\"_ _0\"></span>kluczowych <span class=\"_ _0\"></span>dla konsumpcji <span class=\"_ _2\"></span>metali <span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>m.in. <span class=\"_ _2\"></span>budownictwo). <span class=\"_ _2\"></span>Dzi\u015b <span class=\"_ _2\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>mo\u017cliwe <span class=\"_ _2\"></span>oszacowanie <span class=\"_ _2\"></span>wp\u0142ywu <span class=\"_ _2\"></span>tych <span class=\"_ _53\"></span>czynnik\u00f3w <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ewentualny <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>nik netto, a sytuacja jes<span class=\"_ _3\"></span>t na bie\u017c\u0105co monitor<span class=\"_ _3\"></span>owana przy jednocz<span class=\"_ _3\"></span>esnym stosowaniu mo\u017cliwy<span class=\"_ _3\"></span>ch dzia\u0142a\u0144 mityguj\u0105<span class=\"_ _3\"></span>cych.  W <span class=\"_ _0\"></span>odniesieniu <span class=\"_ _0\"> </span>do <span class=\"_ _1\"> </span>dost\u0119pno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _1\"> </span>kapita\u0142u <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>poziomu <span class=\"_ _0\"></span>zad\u0142u\u017cenia, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>nie <span class=\"_ _1\"> </span>posiada <span class=\"_ _0\"></span>kredyt\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>instytucjach <span class=\"_ _0\"></span>zagro\u017conych sankcjami. Z <span class=\"_ _1\"> </span>punktu <span class=\"_ _1\"> </span>widzenia <span class=\"_ _1\"> </span>r\u00f3\u017cnic <span class=\"_ _1\"> </span>kursowych <span class=\"_ _0\"> </span>(<span class=\"_ _2\"></span>wycena <span class=\"_ _1\"> </span>pozycji <span class=\"_ _0\"> </span>bilansowych <span class=\"_ _1\"> </span>wyra\u017conych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>walutach <span class=\"_ _1\"> </span>obcych), <span class=\"_ _1\"> </span>os\u0142abienie <span class=\"_ _1\"> </span>z\u0142otego<span class=\"_ _3\"></span> mo\u017ce <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>znacza\u0107 <span class=\"_ _53\"></span>wzrost <span class=\"_ _0\"></span>dodatnic<span class=\"_ _3\"></span>h <span class=\"_ _0\"></span>r\u00f3\u017cnic <span class=\"_ _0\"></span>kurs<span class=\"_ _3\"></span>owych <span class=\"_ _0\"></span>(niezrealizowa<span class=\"_ _3\"></span>ne) <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>uwagi <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>to, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>\u017cyczk<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>udzielone <span class=\"_ _53\"></span>przez <span class=\"_ _0\"></span>KGHM w USD s\u0105 wi\u0119ksze o<span class=\"_ _3\"></span>d zaci\u0105gni\u0119tych kredyt\u00f3w w <span class=\"_ _3\"></span>USD. W <span class=\"_ _1\"> </span>zakresie <span class=\"_ _0\"> </span>pozosta\u0142ych <span class=\"_ _1\"> </span>sp\u00f3\u0142ek <span class=\"_ _0\"></span>wchodz\u0105cych <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>sk\u0142<span class=\"_ _2\"></span>ad <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _1\"> </span>S.A. <span class=\"_ _0\"> </span>sy<span class=\"_ _2\"></span>tuacja <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>Ukrainie w 2022 <span class=\"_ _3\"></span>r. nie mia\u0142a istotnego wp\u0142ywu <span class=\"_ _3\"></span>na wyniki operacyjne g<span class=\"_ _3\"></span>enerowane przez te p<span class=\"_ _3\"></span>odmioty. DZIA\u0141ANIA ZAPOBI<span class=\"_ _3\"></span>EGAWCZE W GRUPI<span class=\"_ _3\"></span>E W <span class=\"_ _53\"></span>KGHM <span class=\"_ _2\"></span>Polska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A., <span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>tak\u017ce <span class=\"_ _53\"></span>we <span class=\"_ _2\"></span>wszystkich <span class=\"_ _53\"></span>kopalniach <span class=\"_ _2\"></span>zagranicznych <span class=\"_ _2\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _2\"></span>Mie<span class=\"_ _2\"></span>d\u017a <span class=\"_ _2\"></span>S.A. oraz <span class=\"_ _0\"></span>Sierra <span class=\"_ _0\"></span>Gorda <span class=\"_ _0\"></span>S.C.M., <span class=\"_ _0\"> </span>dzi\u0119ki <span class=\"_ _0\"></span>podj\u0119<span class=\"_ _2\"></span>ciu <span class=\"_ _0\"></span>szeregu <span class=\"_ _0\"></span>dzia\u0142a\u0144 <span class=\"_ _0\"></span>zapobiegawczych <span class=\"_ _53\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>zanotowano <span class=\"_ _0\"></span>przestoj\u00f3w <span class=\"_ _0\"></span>produkcyjnych,<span class=\"_ _3\"></span> kt\u00f3rych  bezpo\u015brednim  powodem  by\u0142aby  pandemia  i <span class=\"_ _146\"> </span>wo<span class=\"_ _2\"></span>jna  w  Ukrainie. <span class=\"_ _146\"> </span>W <span class=\"_ _146\"> </span>zwi\u0105zku  z <span class=\"_ _146\"> </span>ty<span class=\"_ _2\"></span>m  produkcja  miedzi,  srebra i molibdenu w Grupi<span class=\"_ _3\"></span>e Kapita\u0142owej w roku 2<span class=\"_ _3\"></span>022 kszta\u0142towa\u0142a <span class=\"_ _3\"></span>si\u0119 powy\u017cej poziomu prz<span class=\"_ _3\"></span>ewidzianego w <span class=\"_ _3\"></span>bud\u017cecie. KGHM <span class=\"_ _59\"> </span>Polska <span class=\"_ _59\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _59\"> </span>S.A. <span class=\"_ _5a\"> </span>od <span class=\"_ _59\"> </span>lat <span class=\"_ _59\"> </span>stosuje <span class=\"_ _5a\"> </span>procedury <span class=\"_ _59\"> </span>zwi\u0105zane<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>monitoringiem <span class=\"_ _59\"> </span>nale\u017cno\u015bci. <span class=\"_ _59\"> </span>Terminowo\u015b\u0107 <span class=\"_ _59\"> </span>p\u0142<span class=\"_ _2\"></span>atn<span class=\"_ _3\"></span>o\u015bci odbiorc\u00f3w <span class=\"_ _5e\"> </span>podlega <span class=\"_ _67\"> </span>codzi<span class=\"_ _3\"></span>ennemu <span class=\"_ _5e\"> </span>raportowaniu, <span class=\"_ _67\"> </span>a <span class=\"_ _5e\"> </span>potencjalnie <span class=\"_ _5e\"> </span>odnotowane <span class=\"_ _5e\"> </span>zak\u0142\u00f3cenia <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span>przep\u0142ywie <span class=\"_ _5e\"> </span>\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>d  kontrah<span class=\"_ _3\"></span>ent\u00f3w  s\u0105 <span class=\"_ _74\"> </span>nie<span class=\"_ _2\"></span>zw\u0142ocznie <span class=\"_ _74\"> </span>wy<span class=\"_ _2\"></span>ja\u015bniane<span class=\"_ _3\"></span>.  W  obszar<span class=\"_ _3\"></span>ze  sprzeda\u017cy <span class=\"_ _74\"> </span>wi\u0119kszo\u015b\u0107  odbiorc<span class=\"_ _3\"></span>\u00f3w  nie  odczu<span class=\"_ _3\"></span>wa w chwili <span class=\"_ _1\"> </span>obecnej <span class=\"_ _74\"> </span>silnie <span class=\"_ _1\"> </span>negatywnego <span class=\"_ _1\"> </span>wp\u0142ywu <span class=\"_ _74\"> </span>poprzednich <span class=\"_ _1\"> </span>fal <span class=\"_ _74\"> </span>pandemii <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>swoj\u0105 <span class=\"_ _1\"> </span>dzia\u0142alno\u015b\u0107, <span class=\"_ _74\"> </span>dzi\u0119ki <span class=\"_ _1\"> </span>c<span class=\"_ _2\"></span>zemu <span class=\"_ _1\"> </span>nale\u017cno\u015bci z tytu\u0142u  sprzeda\u017c<span class=\"_ _3\"></span>y  Jednostki  D<span class=\"_ _3\"></span>ominuj\u0105cej  regul<span class=\"_ _3\"></span>owane  s\u0105  terminowo, <span class=\"_ _74\"> </span>a  realizacja  wysy\u0142ek  do <span class=\"_ _74\"> </span>klient\u00f3w  przebiega  bez wi\u0119kszych zak\u0142\u00f3ce\u0144<span class=\"_ _3\"></span>. Stosowana <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>ca\u0142ej <span class=\"_ _1\"> </span>Grupie <span class=\"_ _0\"> </span>Kapita\u0142owej <span class=\"_ _1\"> </span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _1\"> </span>Mied\u017a <span class=\"_ _0\"> </span>S.A. <span class=\"_ _1\"> </span>strategia <span class=\"_ _0\"> </span>dywersyfikacji <span class=\"_ _1\"> </span>dostaw<span class=\"_ _3\"></span>c\u00f3w <span class=\"_ _1\"> </span>oraz <span class=\"_ _0\"> </span>zastosowanie alternatywnych <span class=\"_ _74\"> </span>ro<span class=\"_ _2\"></span>zwi\u0105za\u0144 <span class=\"_ _74\"> </span>skutecznie,  w  chwili <span class=\"_ _58\"> </span>obecnej  mityguje <span class=\"_ _58\"> </span>ryzyko  zwi\u0105<span class=\"_ _3\"></span>zane  z  zab<span class=\"_ _3\"></span>urzeniami  \u0142a\u0144cuch\u00f3w  do<span class=\"_ _3\"></span>staw surowc\u00f3w i mat<span class=\"_ _3\"></span>eria\u0142\u00f3w.<span class=\"_ _192\"> </span>Grupa  Kapita<span class=\"_ _3\"></span>\u0142owa  posiada <span class=\"_ _74\"> </span>pe\u0142n\u0105  zdolno\u015b\u0107  d<span class=\"_ _3\"></span>o  regulowania <span class=\"_ _74\"> </span>zaci\u0105gni\u0119tych  zobowi\u0105za<span class=\"_ _3\"></span>\u0144.  Posiada<span class=\"_ _3\"></span>ne  przez  Grup<span class=\"_ _3\"></span>\u0119  \u015brodki pieni\u0119\u017cne <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>pozyskane <span class=\"_ _0\"></span>finansowanie <span class=\"_ _0\"></span>zewn\u0119trzne <span class=\"_ _0\"></span>gwarantuj\u0105 <span class=\"_ _0\"></span>jej <span class=\"_ _0\"></span>utrzymanie <span class=\"_ _0\"></span>p\u0142ynno\u015bci <span class=\"_ _0\"></span>finansowej. <span class=\"_ _0\"></span>Oparcie <span class=\"_ _0\"></span>struktury finansowania Grupy Ka<span class=\"_ _3\"></span>pita\u0142owej na poziomie Jednostki D<span class=\"_ _3\"></span>ominuj\u0105cej na d\u0142ugoterminow<span class=\"_ _3\"></span>ych i zdywersyfikowan<span class=\"_ _3\"></span>ych \u017ar\u00f3d\u0142ach finansowania, zapewni<span class=\"_ _3\"></span>\u0142o Sp\u00f3\u0142ce i Grupie Kapita\u0142owej d\u0142ug<span class=\"_ _3\"></span>ookresow\u0105 stabilno\u015b\u0107 finansow\u0105,<span class=\"_ _3\"></span> poprzez utrzymanie stabilne<span class=\"_ _3\"></span>go rozk\u0142adu dat zapadaln<span class=\"_ _3\"></span>o\u015bci zad\u0142u\u017c<span class=\"_ _3\"></span>enia oraz optymalizacji j<span class=\"_ _3\"></span>ego kosztu.  W <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>centralizacj\u0105 <span class=\"_ _2\"></span>procesu <span class=\"_ _53\"></span>pozyskiwania <span class=\"_ _2\"></span>finansowania <span class=\"_ _2\"></span>zewn\u0119trznego <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>potrzeby <span class=\"_ _53\"></span>ca\u0142ej <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>Kapita\u0142owej, <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>celu wewn\u0105trzgrupow<span class=\"_ _3\"></span>ego <span class=\"_ _54\"> </span>transferu <span class=\"_ _5a\"> </span>p\u0142ynno\u015bci, <span class=\"_ _54\"> </span>wykorzy<span class=\"_ _3\"></span>stuje <span class=\"_ _54\"> </span>si\u0119 <span class=\"_ _5a\"> </span>instrument <span class=\"_ _54\"> </span>d\u0142u\u017cn<span class=\"_ _3\"></span>y <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>postaci <span class=\"_ _54\"> </span>po\u017cyczek <span class=\"_ _5a\"> </span>w\u0142a\u015bcicielskich, wspieraj\u0105cych proces <span class=\"_ _2\"></span>inwestycji, a <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zakresie o<span class=\"_ _2\"></span>bs\u0142ugi bie\u017c\u0105cej <span class=\"_ _2\"></span>dzia\u0142alno\u015bci <span class=\"_ _2\"></span>Grupa ko<span class=\"_ _2\"></span>rzysta z <span class=\"_ _2\"></span>cash <span class=\"_ _2\"></span>poolingu <span class=\"_ _2\"></span>lokalnego <span class=\"_ _2\"></span>oraz mi\u0119dzynarodowe<span class=\"_ _3\"></span>go. Obecnie <span class=\"_ _1\"> </span>Jednostka <span class=\"_ _1\"> </span>Dominuj\u0105ca <span class=\"_ _1\"> </span>nie <span class=\"_ _74\"> </span>identyfikuje <span class=\"_ _1\"> </span>istotnego <span class=\"_ _1\"> </span>ryzyka<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>braku <span class=\"_ _1\"> </span>wywi\u0105zania <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _74\"> </span>z <span class=\"_ _1\"> </span>warunk\u00f3w <span class=\"_ _1\"> </span>finansowych <span class=\"_ _1\"> </span>(tzw. \u201ekowenant\u00f3w\u201d) za<span class=\"_ _3\"></span>wartych w umowach finan<span class=\"_ _3\"></span>sowania zewn\u0119<span class=\"_ _3\"></span>trznego w zwi\u0105zku z<span class=\"_ _3\"></span> pandemi\u0105 COVID<span class=\"_ _3\"></span>-19 i wojn\u0105 na Ukrainie<span class=\"_ _3\"></span>. Grupa <span class=\"_ _53\"></span>Kapita\u0142owa <span class=\"_ _0\"></span>kontynuuj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>realizacj<span class=\"_ _3\"></span>\u0119 <span class=\"_ _0\"></span>projekt\u00f3w <span class=\"_ _53\"></span>inwestycyjnych <span class=\"_ _53\"></span>zgodnie <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>przyj\u0119tymi <span class=\"_ _53\"></span>harmonogramami <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>tym <span class=\"_ _53\"></span>samym nie identyfikuje wz<span class=\"_ _3\"></span>rostu ryzyka zagra\u017c<span class=\"_ _3\"></span>aj\u0105cego ich kontynuacji w <span class=\"_ _3\"></span>wyniku pandem<span class=\"_ _3\"></span>ii koronawirusa i<span class=\"_ _3\"></span> wojny na Ukrainie.<span class=\"_ _3\"></span> W okresie sprawozdawczym nie wyst\u0105pi\u0142y r\u00f3wnie\u017c zak\u0142\u00f3cenia w c<span class=\"_ _2\"></span>i\u0105g\u0142o\u015bci dzia\u0142ania Grupy Kapita\u0142owej z powodu zaka\u017cenia wirusem w\u015br\u00f3d pr<span class=\"_ _3\"></span>acownik\u00f3w i nie odn<span class=\"_ _3\"></span>otowano istotnie podw<span class=\"_ _3\"></span>y\u017cszonej absenc<span class=\"_ _3\"></span>ji w\u015br\u00f3d pracownik\u00f3<span class=\"_ _3\"></span>w. W <span class=\"_ _53\"></span>Sp\u00f3\u0142ce <span class=\"_ _53\"></span>kontynuowany<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>jest <span class=\"_ _53\"></span>proces <span class=\"_ _53\"></span>wdro\u017cenia <span class=\"_ _53\"></span>kompleksow<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>systemu <span class=\"_ _53\"></span>zarz\u0105dzania <span class=\"_ _2\"></span>ci\u0105g\u0142o\u015bci\u0105 <span class=\"_ _53\"></span>dzia\u0142ania, <span class=\"_ _53\"></span>kt\u00f3ry <span class=\"_ _53\"></span>pozwala<span class=\"_ _3\"></span> r\u00f3wnie\u017c <span class=\"_ _5e\"> </span>na <span class=\"_ _67\"> </span>usz<span class=\"_ _3\"></span>czeg\u00f3\u0142owienie <span class=\"_ _55\"> </span>zakresu <span class=\"_ _67\"> </span>podejm<span class=\"_ _3\"></span>owanych <span class=\"_ _5e\"> </span>dzia\u0142a\u0144 <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span>ram<span class=\"_ _3\"></span>ach <span class=\"_ _5e\"> </span>zarz\u0105dzania <span class=\"_ _5e\"> </span>ryzykiem <span class=\"_ _67\"> </span>k<span class=\"_ _3\"></span>orporacyjnym dla kategorii ryzyka <span class=\"_ _3\"></span>o katastroficz<span class=\"_ _3\"></span>nym wp\u0142ywie i niewielkim<span class=\"_ _3\"></span> prawdopodobie\u0144stw<span class=\"_ _3\"></span>ie wyst\u0105pienia. Bior\u0105c <span class=\"_ _0\"></span>pod <span class=\"_ _0\"></span>uwag\u0119 <span class=\"_ _0\"></span>ryzyko<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pojawienia <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>nowych <span class=\"_ _53\"></span>mutacji <span class=\"_ _0\"></span>wirusa <span class=\"_ _0\"></span>SARS-CoV-2 <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>obserwowan\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>Chinach <span class=\"_ _0\"></span>kolejn\u0105 <span class=\"_ _0\"></span>fal\u0119<span class=\"_ _3\"></span> pandemii <span class=\"_ _54\"> </span>COVID-19, <span class=\"_ _5a\"> </span>wci<span class=\"_ _2\"></span>\u0105\u017c <span class=\"_ _54\"> </span>istnieje <span class=\"_ _54\"> </span>niepewno\u015b\u0107 <span class=\"_ _54\"> </span>co <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>potencjalnego <span class=\"_ _54\"> </span>rozw<span class=\"_ _3\"></span>oju <span class=\"_ _54\"> </span>sytuacji <span class=\"_ _54\"> </span>pandemicznej <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>\u015bwiecie,<span class=\"_ _3\"></span> w szczeg\u00f3lno\u015bci <span class=\"_ _1\"> </span>co <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>konsekwencji <span class=\"_ _1\"> </span>jej <span class=\"_ _1\"> </span>wp\u0142ywu <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>sytuacj\u0119 <span class=\"_ _0\"> </span>gospodarczo-spo\u0142eczn\u0105 <span class=\"_ _0\"> </span>w <span class=\"_ _74\"> </span>kraju <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>\u015bwiecie. <span class=\"_ _1\"> </span>Od <span class=\"_ _1\"> </span>pocz\u0105tku pandemii <span class=\"_ _2\"></span>COVID-19 <span class=\"_ _53\"></span>Chiny <span class=\"_ _2\"></span>utrzymywa\u0142y <span class=\"_ _53\"></span>rygorystyczn\u0105 <span class=\"_ _2\"></span>polityk\u0119 <span class=\"_ _53\"></span>\u201ezero <span class=\"_ _2\"></span>covid\u201d, <span class=\"_ _53\"></span>aby <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>IV <span class=\"_ _53\"></span>kwartale <span class=\"_ _53\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>zdecydowa\u0107 <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _2\"></span>na zniesienie  wi\u0119kszo\u015bc<span class=\"_ _3\"></span>i  obostrze\u0144.  Spodziewane <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>\u017cywienie  gosp<span class=\"_ _3\"></span>odarcze  w  kraju  i  na  \u015bwiecie <span class=\"_ _74\"> </span>w <span class=\"_ _146\"> </span>miar\u0119  dotychczasowej<span class=\"_ _3\"></span> poprawy  sytuacji  pand<span class=\"_ _3\"></span>emicznej  zosta\u0142o  wyham<span class=\"_ _3\"></span>owane  przez  agresj\u0119  Rosji  na  Ukrain<span class=\"_ _3\"></span>\u0119,  wp\u0142ywaj\u0105c  na  bezpi<span class=\"_ _3\"></span>ecze\u0144stwo \u017cywno\u015bciowe <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>wysokie <span class=\"_ _0\"></span>ceny <span class=\"_ _0\"></span>energii <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>inflacj\u0119 <span class=\"_ _0\"></span>producenck\u0105, <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tak\u017ce <span class=\"_ _0\"></span>problemy <span class=\"_ _0\"> </span>z <span class=\"_ _0\"> </span>do<span class=\"_ _2\"></span>st\u0119pem <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>nawoz\u00f3w <span class=\"_ _0\"></span>sztucznych.<span class=\"_ _3\"></span> Z punktu <span class=\"_ _54\"> </span>widzenia <span class=\"_ _54\"> </span>stabilno\u015bci <span class=\"_ _54\"> </span>i <span class=\"_ _54\"> </span>ci\u0105g\u0142o\u015bci <span class=\"_ _54\"> </span>\u0142<span class=\"_ _2\"></span>a\u0144cuch\u00f3w <span class=\"_ _54\"> </span>dostaw <span class=\"_ _54\"> </span>no\u015bnik\u00f3w <span class=\"_ _54\"> </span>energii <span class=\"_ _54\"> </span>istotne <span class=\"_ _54\"> </span>b\u0119<span class=\"_ _2\"></span>d\u0105 <span class=\"_ _54\"> </span>kierunki <span class=\"_ _54\"> </span>geopolityki energetyczno-klimaty<span class=\"_ _3\"></span>cznej <span class=\"_ _74\"> </span>w kontek\u015bcie <span class=\"_ _1\"> </span>zw\u0142aszcza <span class=\"_ _74\"> </span>uniezale\u017cnie<span class=\"_ _3\"></span>nia <span class=\"_ _74\"> </span>si\u0119 <span class=\"_ _74\"> </span>pa\u0144stw <span class=\"_ _1\"> </span>e<span class=\"_ _2\"></span>uropejskich <span class=\"_ _1\"> </span>od <span class=\"_ _1\"> </span>ro<span class=\"_ _2\"></span>syjskich <span class=\"_ _1\"> </span>dostaw <span class=\"_ _74\"> </span>gazu i w\u0119gla <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _74\"> </span>skutki  przyj\u0119t<span class=\"_ _3\"></span>ego  do <span class=\"_ _74\"> </span>realizacji  pr<span class=\"_ _3\"></span>zez  kra<span class=\"_ _3\"></span>je  cz\u0142<span class=\"_ _3\"></span>onkowskie <span class=\"_ _58\"> </span>Unii <span class=\"_ _74\"> </span>Europejskiej  planu<span class=\"_ _3\"></span>  redukcji <span class=\"_ _74\"> </span>zu\u017cycia <span class=\"_ _74\"> </span>gazu  w okresie <span class=\"_ _2\"></span>zimowym. Je<span class=\"_ _2\"></span>dnostka Dominuj\u0105ca na <span class=\"_ _2\"></span>bie\u017c\u0105co<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>monitoruje mi\u0119dzynarodow\u0105 <span class=\"_ _2\"></span>sytuacj\u0119 gospodarcz\u0105, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>celu <span class=\"_ _2\"></span>oceny <span class=\"_ _2\"></span>jej potencjalnego <span class=\"_ _0\"></span>negatywneg<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>wp\u0142ywu <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>Grup\u0119 <span class=\"_ _0\"></span>Kapita\u0142ow\u0105 <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"> </span>Po<span class=\"_ _2\"></span>lska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>podj\u0119cia <span class=\"_ _0\"></span>wyprzedzaj\u0105cych <span class=\"_ _0\"></span>dzia\u0142a\u0144 mityguj\u0105cych ten wp<span class=\"_ _3\"></span>\u0142yw. Nota 12.13 Ryzy<span class=\"_ _3\"></span>ko i zagro\u017cenia zwi<span class=\"_ _3\"></span>\u0105zane ze zmianami kli<span class=\"_ _3\"></span>matycznymi Grupa <span class=\"_ _2\"></span>Kapita\u0142owa KGHM<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Polska Mied\u017a <span class=\"_ _2\"></span>S.A. <span class=\"_ _2\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>\u015bwiadomym i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>odpowiedzialnym uczestnikiem <span class=\"_ _2\"></span>energetycznej transformacji i kluczowe <span class=\"_ _1\"> </span>dla <span class=\"_ _1\"> </span>nie<span class=\"_ _2\"></span>go <span class=\"_ _74\"> </span>jest <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span>stosowanie <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>zmian <span class=\"_ _74\"> </span>klimatu <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>zarz\u0105dzanie <span class=\"_ _1\"> </span>ryzykiem <span class=\"_ _74\"> </span>klimatycznym. <span class=\"_ _1\"> </span>Grupa <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>bie\u017c\u0105co ocenia <span class=\"_ _54\"> </span>ryzyko <span class=\"_ _54\"> </span>zwi\u0105zane <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>klimatem <span class=\"_ _55\"> </span>i <span class=\"_ _54\"> </span>jego <span class=\"_ _55\"> </span>wp\u0142yw <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>jej <span class=\"_ _54\"> </span>dzia\u0142alno\u015b\u0107 <span class=\"_ _54\"> </span>w <span class=\"_ _55\"> </span>ramach <span class=\"_ _54\"> </span>procesu <span class=\"_ _54\"> </span>Zarz\u0105dzania<span class=\"_ _3\"></span> <span class=\"_ _54\"> </span>Ryzykiem Korporacyjnym <span class=\"_ _146\"> </span>Grupy <span class=\"_ _59\"> </span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _57\"> </span>KGHM <span class=\"_ _59\"> </span>P<span class=\"_ _3\"></span>olska <span class=\"_ _57\"> </span>Mied\u017a <span class=\"_ _57\"> </span>S.A., <span class=\"_ _57\"> </span>kt\u00f3<span class=\"_ _2\"></span>ry <span class=\"_ _57\"> </span>szerzej <span class=\"_ _57\"> </span>zosta\u0142 <span class=\"_ _57\"> </span>opisany <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>Sprawozdaniu <span class=\"_ _57\"> </span>Zarz\u0105du z dzia\u0142alno\u015bci <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>POLSKA <span class=\"_ _0\"> </span>MIED\u0179 <span class=\"_ _1\"> </span>S.A. <span class=\"_ _1\"> </span>oraz <span class=\"_ _0\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>POLSKA <span class=\"_ _0\"></span>MI<span class=\"_ _2\"></span>ED\u0179 <span class=\"_ _0\"></span>S.A. <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"></span>roku, <span class=\"_ _1\"> </span>rozdzia\u0142 <span class=\"_ _1\"> </span>2.6. Zarz\u0105dzan<span class=\"_ _3\"></span>ie ryzykiem. Negatywny <span class=\"_ _59\"> </span>wp\u0142yw <span class=\"_ _57\"> </span>zmian <span class=\"_ _59\"> </span>klimatu <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>dzia\u0142alno\u015b\u0107 <span class=\"_ _59\"> </span>Grupy <span class=\"_ _59\"> </span>Kapita\u0142owej <span class=\"_ _57\"> </span>analizowany <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>wykorzystaniu <span class=\"_ _59\"> </span>poni\u017csz<span class=\"_ _3\"></span>ej klasyfikacji. Grupa  nara\u017cona  jest  na  ryzyk<span class=\"_ _3\"></span>o  klimatyczne  fizyczne,  wyn<span class=\"_ _3\"></span>ikaj\u0105ce  z  okre\u015blonych  zdarze\u0144,<span class=\"_ _3\"></span>  w  szczeg\u00f3lno\u015bci  zwi\u0105zanyc<span class=\"_ _3\"></span>h z gwa\u0142townymi i chronicznymi <span class=\"_ _2\"></span>zjawiskam<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>pogodowymi b\u0119d\u0105cymi nast\u0119pstwem zmian klimatu takimi j<span class=\"_ _2\"></span>ak burze, po<span class=\"_ _2\"></span>wodzie,<span class=\"_ _3\"></span> po\u017cary <span class=\"_ _53\"></span>lub <span class=\"_ _53\"></span>fale <span class=\"_ _53\"></span>upa\u0142\u00f3w <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>trwa\u0142e <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>schematach <span class=\"_ _53\"></span>pogodowych, <span class=\"_ _2\"></span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _53\"></span>mog\u0105 <span class=\"_ _53\"></span>wp\u0142ywa\u0107 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>dzia\u0142alno\u015b\u0107 <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>m.in.<span class=\"_ _192\"> </span>poprzez <span class=\"_ _53\"></span>zak\u0142\u00f3c<span class=\"_ _3\"></span>enia <span class=\"_ _53\"></span>\u0142a\u0144cucha <span class=\"_ _2\"></span>dostaw <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>i\u0105g\u0142o\u015bci <span class=\"_ _2\"></span>dzia\u0142ania <span class=\"_ _2\"></span>g\u0142\u00f3wnego <span class=\"_ _53\"></span>ci\u0105gu <span class=\"_ _2\"></span>technologicznego, <span class=\"_ _2\"></span>wzrost <span class=\"_ _2\"></span>koszt\u00f3w <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>peracyjnych<span class=\"_ _3\"></span> zwi\u0105zanych bezp<span class=\"_ _3\"></span>o\u015brednio z dzia\u0142alno\u015bci bizn<span class=\"_ _3\"></span>esow\u0105 jak i poprzez <span class=\"_ _3\"></span>wzrost uci\u0105\u017cliwo\u015b<span class=\"_ _3\"></span>ci pracy. Ryzyko klimatyczne <span class=\"_ _2\"></span>zwi\u0105zane z <span class=\"_ _2\"></span>przej\u015bciem, na kt\u00f3<span class=\"_ _2\"></span>re nara\u017cona je<span class=\"_ _2\"></span>st Grupa <span class=\"_ _2\"></span>Kapita\u0142owa, wynika z <span class=\"_ _2\"></span>konieczno\u015bci <span class=\"_ _2\"></span>dostosowani<span class=\"_ _3\"></span>a si\u0119 <span class=\"_ _1\"> </span>gospodarki <span class=\"_ _74\"> </span>do <span class=\"_ _74\"> </span>stopniowyc<span class=\"_ _3\"></span>h <span class=\"_ _1\"> </span>zmian <span class=\"_ _1\"> </span>klimatu. <span class=\"_ _74\"> </span>Ta <span class=\"_ _74\"> </span>kategoria <span class=\"_ _1\"> </span>ryzyk <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bejmuje <span class=\"_ _1\"> </span>kwestie <span class=\"_ _1\"> </span>zwi\u0105zane <span class=\"_ _1\"> </span>z wymogami <span class=\"_ _74\"> </span>prawnymi, post\u0119pem <span class=\"_ _0\"></span>technologicznym <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>kierunku <span class=\"_ _1\"> </span>gospodarki <span class=\"_ _0\"></span>niskoemisyj<span class=\"_ _3\"></span>nej, <span class=\"_ _0\"> </span>zmianami <span class=\"_ _0\"> </span>w popyc<span class=\"_ _2\"></span>ie <span class=\"_ _0\"></span>i <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>da\u017cy <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>niekt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _0\"></span>produkty<span class=\"_ _3\"></span> i us\u0142ugi, <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _1\"> </span>wytwarza<span class=\"_ _3\"></span>nie <span class=\"_ _0\"></span>zwi\u0105zane <span class=\"_ _0\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"></span>z <span class=\"_ _0\"> </span>rykie<span class=\"_ _2\"></span>m <span class=\"_ _0\"></span>klimatycznym <span class=\"_ _0\"></span>jak <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>rosn\u0105cymi <span class=\"_ _0\"></span>oczekiwaniam<span class=\"_ _3\"></span>i <span class=\"_ _1\"> </span>interesariuszy <span class=\"_ _0\"></span>wobec Grupy <span class=\"_ _54\"> </span>co <span class=\"_ _54\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>obni\u017cenia <span class=\"_ _5a\"> </span>je<span class=\"_ _2\"></span>j <span class=\"_ _54\"> </span>w<span class=\"_ _3\"></span>p\u0142ywu <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>klimat. <span class=\"_ _5a\"> </span>Szczeg\u00f3\u0142owy <span class=\"_ _5a\"> </span>opis <span class=\"_ _54\"> </span>zidentyfikowanych <span class=\"_ _5a\"> </span>kluczowych <span class=\"_ _54\"> </span>rodzaj\u00f3w <span class=\"_ _5a\"> </span>ryzyka klimatycznego <span class=\"_ _1\"> </span>zwi\u0105zanego <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>negatywnym <span class=\"_ _1\"> </span>wp\u0142y<span class=\"_ _2\"></span>wem <span class=\"_ _1\"> </span>zmian <span class=\"_ _1\"> </span>klimatu <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>dzia\u0142alno\u015b\u0107 <span class=\"_ _74\"> </span>Grupy <span class=\"_ _74\"> </span>Kapita\u0142owej, <span class=\"_ _1\"> </span>w tym <span class=\"_ _74\"> </span>wska\u017aniki stosowane <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>oceny <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>opis <span class=\"_ _1\"> </span>dzia\u0142a\u0144 <span class=\"_ _1\"> </span>podejmowanych <span class=\"_ _0\"> </span>przez <span class=\"_ _1\"> </span>Grup\u0119 <span class=\"_ _74\"> </span>mityguj\u0105cych <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>wp\u0142yw <span class=\"_ _1\"> </span>zosta\u0142 <span class=\"_ _1\"> </span>przedstawiony<span class=\"_ _3\"></span> w <span class=\"_ _1\"> </span>Sprawozdaniu <span class=\"_ _1\"> </span>Zarz\u0105du <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci <span class=\"_ _1\"> </span>KGHM <span class=\"_ _1\"> </span>POLSKA <span class=\"_ _1\"> </span>MIED\u0179 <span class=\"_ _1\"> </span>S.A. <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _1\"> </span>KGHM <span class=\"_ _1\"> </span>POLSKA <span class=\"_ _1\"> </span>MI<span class=\"_ _2\"></span>ED\u0179 <span class=\"_ _0\"> </span>S<span class=\"_ _2\"></span>.A.<span class=\"_ _3\"></span>  w 2022 <span class=\"_ _3\"></span>r., rozdzia\u0142  3.3. Podej\u015bcie do za<span class=\"_ _3\"></span>rz\u0105dzania ryzykiem k<span class=\"_ _3\"></span>limatycznym.  W  pr<span class=\"_ _3\"></span>ocesie  oceny  w<span class=\"_ _3\"></span>p\u0142ywu  zide<span class=\"_ _3\"></span>ntyfikowanych <span class=\"_ _74\"> </span>ryzyk  klimatycznych <span class=\"_ _74\"> </span>na  dzia\u0142alno\u015b\u0107 <span class=\"_ _74\"> </span>G<span class=\"_ _2\"></span>rupy <span class=\"_ _74\"> </span>Kapita\u0142owej,  w <span class=\"_ _74\"> </span>szczeg\u00f3<span class=\"_ _2\"></span>lno\u015bci<span class=\"_ _3\"></span>  zmiennych <span class=\"_ _53\"></span>koszt\u00f3w <span class=\"_ _53\"></span>uprawnie\u0144 <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>emisji <span class=\"_ _53\"></span>CO<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>, <span class=\"_ _53\"></span>wzrostu <span class=\"_ _53\"></span>koszt\u00f3w <span class=\"_ _53\"></span>zakupu <span class=\"_ _53\"></span>energii <span class=\"_ _53\"></span>elektrycznej, <span class=\"_ _53\"></span>koszt\u00f3w <span class=\"_ _53\"></span>dotycz\u0105cych <span class=\"_ _53\"></span>bada\u0144 oraz dodatkowych n<span class=\"_ _3\"></span>ak\u0142ad\u00f3w z tytu\u0142u rozw<span class=\"_ _3\"></span>oju w\u0142asnych \u017ar\u00f3de<span class=\"_ _3\"></span>\u0142 energii, szczeg\u00f3lnej <span class=\"_ _3\"></span>ocenie poddano obszary<span class=\"_ _3\"></span>:  \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">przyj\u0119tych okres<span class=\"_ _3\"></span>\u00f3w ekonomicznej u\u017c<span class=\"_ _3\"></span>yteczno\u015bci \u015brodk\u00f3w trwa<span class=\"_ _3\"></span>\u0142ych i ich war<span class=\"_ _3\"></span>to\u015bci rezydualnej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">istnienia przes<span class=\"_ _3\"></span>\u0142anek o mo\u017cliwo\u015bci utra<span class=\"_ _3\"></span>ty warto\u015bci rzeczowych <span class=\"_ _3\"></span>aktyw\u00f3w trwa\u0142ych, wart<span class=\"_ _3\"></span>o\u015bci niemateria<span class=\"_ _3\"></span>lnych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">za\u0142o\u017ce\u0144 stan<span class=\"_ _3\"></span>owi\u0105cych element w<span class=\"_ _3\"></span>yceny udzielonych po\u017c<span class=\"_ _3\"></span>yczek, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">aktualizacji rezerw<span class=\"_ _3\"></span>y na przysz\u0142e koszt<span class=\"_ _3\"></span>y zwi\u0105zane z likwidacj\u0105 <span class=\"_ _3\"></span>kopal\u0144 i innych obiekt<span class=\"_ _3\"></span>\u00f3w technologicz<span class=\"_ _3\"></span>nych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">aktualizacji rezerw na<span class=\"_ _3\"></span> dodatkowe koszt<span class=\"_ _3\"></span>y zwi\u0105zane z pods<span class=\"_ _3\"></span>tawow\u0105 dzia\u0142alno\u015bci\u0105<span class=\"_ _3\"></span> operacyjn\u0105, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">zobowi\u0105za\u0144 i <span class=\"_ _3\"></span>zobowi\u0105za\u0144 gwarancyjny<span class=\"_ _3\"></span>ch z tytu\u0142u ewentualnych <span class=\"_ _3\"></span>grzywien, ka<span class=\"_ _3\"></span>r \u015brodowiskowych.  </span></span>W wyniku powy\u017cszych <span class=\"_ _3\"></span>prac na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia 202<span class=\"_ _3\"></span>2 r. nie zidentyfikowan<span class=\"_ _3\"></span>o istotnego wp\u0142ywu ryz<span class=\"_ _3\"></span>yk klimatycznych na <span class=\"_ _3\"></span>ww. obszary.<span class=\"_ _192\"> </span>Nota 12.14 Zdar<span class=\"_ _3\"></span>zenia po dniu ko\u0144cz\u0105cy<span class=\"_ _3\"></span>m okres sprawozd<span class=\"_ _3\"></span>awczy Zawiadomienie <span class=\"_ _3\"></span>o przekroczeniu <span class=\"_ _3\"></span>5% w og\u00f3lnej liczbi<span class=\"_ _3\"></span>e g\u0142os\u00f3w W <span class=\"_ _57\"> </span> <span class=\"_ _59\"> </span>dniu <span class=\"_ _146\"> </span>6 <span class=\"_ _59\"> </span>styczna <span class=\"_ _146\"> </span>2023 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>Zarz\u0105d <span class=\"_ _146\"> </span>KGHM <span class=\"_ _59\"> </span>Polska <span class=\"_ _146\"> </span>Mied\u017a <span class=\"_ _59\"> </span>S.A<span class=\"_ _3\"></span>. <span class=\"_ _57\"> </span>poinformowa\u0142, <span class=\"_ _57\"> </span>\u017ce <span class=\"_ _59\"> </span>do  S<span class=\"_ _2\"></span>p\u00f3\u0142ki <span class=\"_ _146\"> </span>wp\u0142<span class=\"_ _2\"></span>yn\u0119\u0142o <span class=\"_ _57\"> </span>zawiadomieni<span class=\"_ _3\"></span>e Powszechnego Towarz<span class=\"_ _3\"></span>ystwa Emerytalnego A<span class=\"_ _3\"></span>llianz Polska S.A. z <span class=\"_ _3\"></span>dnia 5 stycznia 202<span class=\"_ _3\"></span>3 r.  Zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>przes\u0142anym <span class=\"_ _1\"> </span>zawiadomieniem, <span class=\"_ _1\"> </span>Powszechne <span class=\"_ _1\"> </span>Towarzystwo <span class=\"_ _1\"> </span>Emerytalne <span class=\"_ _74\"> </span>Allianz <span class=\"_ _1\"> </span>Polska <span class=\"_ _1\"> </span>S.A. <span class=\"_ _74\"> </span>zarz\u0105dzaj\u0105ce <span class=\"_ _1\"> </span>Allianz Polska <span class=\"_ _5a\"> </span>Otwartym <span class=\"_ _5a\"> </span>F<span class=\"_ _2\"></span>unduszem <span class=\"_ _5a\"> </span>Emerytalnym <span class=\"_ _5a\"> </span>(\u201eAllianz <span class=\"_ _5a\"> </span>OFE\u201d), <span class=\"_ _5a\"> </span>zarz\u0105dzaj\u0105ce <span class=\"_ _5a\"> </span>Allianz <span class=\"_ _5a\"> </span>Po<span class=\"_ _2\"></span>lska <span class=\"_ _5a\"> </span>Dobrowolnym <span class=\"_ _5a\"> </span>Funduszem Emerytalnym <span class=\"_ _0\"></span>(\u201eAllianz <span class=\"_ _53\"></span>D<span class=\"_ _2\"></span>FE\u201d) <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>wyniku <span class=\"_ _0\"></span>po\u0142\u0105czenia <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>dniu <span class=\"_ _0\"> </span>30 <span class=\"_ _0\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>sp\u00f3\u0142<span class=\"_ _2\"></span>k\u0105 <span class=\"_ _0\"></span>Aviva <span class=\"_ _0\"></span>Powszechne <span class=\"_ _0\"></span>Towarzystw<span class=\"_ _3\"></span>o Emerytalne <span class=\"_ _74\"> </span>Aviva  San<span class=\"_ _3\"></span>tander <span class=\"_ _74\"> </span>Sp\u00f3\u0142ka  Akcyjna <span class=\"_ _1\"> </span>zarz\u0105dzaj\u0105ce <span class=\"_ _74\"> </span>Drugim <span class=\"_ _74\"> </span>Allianz  P<span class=\"_ _3\"></span>olska  Otwar<span class=\"_ _3\"></span>ty  Fund<span class=\"_ _3\"></span>usz <span class=\"_ _74\"> </span>Emerytalny  (\u201eDru<span class=\"_ _3\"></span>gi Allianz OFE\u201d), udzia\u0142 w kapitale zak\u0142adowym i w og\u00f3lnej liczbie g<span class=\"_ _3\"></span>\u0142os\u00f3w Sp\u00f3\u0142ki na rachunkach Allian<span class=\"_ _3\"></span>z OFE, Allianz DFE i Drugi Allianz OFE zw<span class=\"_ _3\"></span>i\u0119kszy\u0142 si\u0119 powy\u017cej <span class=\"_ _3\"></span>5%. Przed <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>\u0142\u0105czeniem, <span class=\"_ _2\"></span>\u0142\u0105cznie <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>rachunkach <span class=\"_ _53\"></span>Allianz <span class=\"_ _2\"></span>OFE <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>Allianz <span class=\"_ _53\"></span>DFE <span class=\"_ _53\"></span>zapisanych <span class=\"_ _2\"></span>by\u0142o <span class=\"_ _53\"></span>1 741 <span class=\"_ _2\"></span>592 <span class=\"_ _53\"></span>akcji, <span class=\"_ _53\"></span>stanowi\u0105cych <span class=\"_ _53\"></span>0,87% udzia\u0142u <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>kapitale <span class=\"_ _1\"> </span>zak\u0142adowym <span class=\"_ _1\"> </span>Sp\u00f3\u0142ki, <span class=\"_ _0\"> </span>co<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>dawa\u0142o <span class=\"_ _0\"></span>prawo <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>wykonywania <span class=\"_ _1\"> </span>1 741 <span class=\"_ _0\"></span>592 <span class=\"_ _1\"> </span>g\u0142osy <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>akcji <span class=\"_ _1\"> </span>stanowi\u0105cych <span class=\"_ _0\"> </span>0,87% udzia\u0142u w og\u00f3lnej liczbi<span class=\"_ _3\"></span>e g\u0142os\u00f3w na <span class=\"_ _3\"></span>WZA Sp\u00f3\u0142ki. Na <span class=\"_ _2\"></span>rachunku D<span class=\"_ _2\"></span>rugiego <span class=\"_ _2\"></span>Allianz OF<span class=\"_ _2\"></span>E, zapisanych <span class=\"_ _2\"></span>by\u0142o <span class=\"_ _2\"></span>10 499 <span class=\"_ _2\"></span>861 <span class=\"_ _53\"></span>akcji, st<span class=\"_ _2\"></span>anowi\u0105cych 5,25% <span class=\"_ _2\"></span>udzia\u0142u <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kapitale <span class=\"_ _2\"></span>zak\u0142adowym Sp\u00f3\u0142ki, <span class=\"_ _2\"></span>co <span class=\"_ _2\"></span>dawa\u0142o <span class=\"_ _2\"></span>prawo <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>wykonywania<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>10 499 <span class=\"_ _2\"></span>861 <span class=\"_ _2\"></span>g\u0142<span class=\"_ _2\"></span>os\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>akcji <span class=\"_ _2\"></span>stanowi\u0105cych <span class=\"_ _2\"></span>5,25% <span class=\"_ _2\"></span>udzia\u0142u w <span class=\"_ _53\"></span>og\u00f3lnej <span class=\"_ _2\"></span>liczbie <span class=\"_ _2\"></span>g\u0142os\u00f3w na WZA Sp\u00f3\u0142ki.<span class=\"_ _3\"></span> Po <span class=\"_ _53\"></span>po\u0142\u0105czeniu, <span class=\"_ _53\"></span>\u0142<span class=\"_ _2\"></span>\u0105cznie <span class=\"_ _53\"></span>stan <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rachunkach <span class=\"_ _53\"></span>Allianz <span class=\"_ _53\"></span>OF<span class=\"_ _2\"></span>E, <span class=\"_ _53\"></span>Allianz <span class=\"_ _53\"></span>DFE <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>Drugi <span class=\"_ _53\"></span>Allianz <span class=\"_ _53\"></span>OFE <span class=\"_ _0\"></span>zwi\u0119kszy<span class=\"_ _3\"></span>\u0142 <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>12 241 <span class=\"_ _53\"></span>453 <span class=\"_ _53\"></span>akcji, stanowi\u0105cych <span class=\"_ _0\"></span>6,12% <span class=\"_ _0\"> </span>udzia\u0142u <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>kapitale <span class=\"_ _1\"> </span>zak\u0142adowym <span class=\"_ _0\"> </span>Sp\u00f3\u0142<span class=\"_ _2\"></span>ki, <span class=\"_ _0\"></span>co<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>daje <span class=\"_ _1\"> </span>prawo <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>wykonywania <span class=\"_ _0\"></span>12 241 <span class=\"_ _0\"></span>453 <span class=\"_ _1\"> </span>g\u0142o<span class=\"_ _2\"></span>s\u00f3w <span class=\"_ _0\"> </span>z <span class=\"_ _1\"> </span>akcji stanowi\u0105cych 6,<span class=\"_ _3\"></span>12% udzia\u0142u w og\u00f3lnej liczbi<span class=\"_ _3\"></span>e g\u0142os\u00f3w na WZA<span class=\"_ _3\"></span> Sp\u00f3\u0142ki. Zawarcie aneks\u00f3w <span class=\"_ _3\"></span>do gwarancji<span class=\"_ _3\"></span> bankowych Dnia <span class=\"_ _1\"> </span>3 <span class=\"_ _74\"> </span>lutego <span class=\"_ _1\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>BNP <span class=\"_ _74\"> </span>Paribas <span class=\"_ _1\"> </span>Bank <span class=\"_ _1\"> </span>Polska <span class=\"_ _74\"> </span>S.A. <span class=\"_ _1\"> </span>wystawi\u0142 <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>zlecenie <span class=\"_ _1\"> </span>Jednostki <span class=\"_ _1\"> </span>Dominuj\u0105cej <span class=\"_ _1\"> </span>aneksy <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>gwarancji bankowych <span class=\"_ _2\"></span>wystawionych <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>art. <span class=\"_ _53\"></span>137 <span class=\"_ _53\"></span>ust. <span class=\"_ _53\"></span>2 <span class=\"_ _53\"></span>ustawy <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>nia <span class=\"_ _2\"></span>14 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2012 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>odpadach <span class=\"_ _2\"></span>(t<span class=\"_ _2\"></span>.j. <span class=\"_ _53\"></span>Dz. <span class=\"_ _2\"></span>U<span class=\"_ _2\"></span>. <span class=\"_ _53\"></span>z   <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>r. poz. <span class=\"_ _0\"></span>699) <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>celu <span class=\"_ _0\"></span>utworzenia <span class=\"_ _53\"></span>funduszu <span class=\"_ _0\"></span>rekultywacji <span class=\"_ _53\"></span>sk\u0142adowisk <span class=\"_ _0\"></span>odpad\u00f3w <span class=\"_ _53\"></span>zwi\u0119kszaj\u0105ce <span class=\"_ _53\"></span>\u0142<span class=\"_ _2\"></span>\u0105czn\u0105 <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _0\"></span>gwarancji <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>kwoty 98 mln PLN do kwo<span class=\"_ _3\"></span>ty 120 mln PLN na okres d<span class=\"_ _3\"></span>o 15 lutego 20<span class=\"_ _3\"></span>24 r.    Zaci\u0105gni\u0119cie trans<span class=\"_ _3\"></span>zy niezabezpi<span class=\"_ _3\"></span>eczonego odnawialnego kr<span class=\"_ _3\"></span>edytu konsorcj<span class=\"_ _3\"></span>alnego W <span class=\"_ _55\"> </span>dniu <span class=\"_ _55\"> </span>6 <span class=\"_ _55\"> </span>lute<span class=\"_ _2\"></span>go <span class=\"_ _55\"> </span>2023 <span class=\"_ _55\"> </span>r. <span class=\"_ _55\"> </span>Jednostka <span class=\"_ _55\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105ca <span class=\"_ _54\"> </span>zaci\u0105gn\u0119\u0142a <span class=\"_ _55\"> </span>transz\u0119 <span class=\"_ _55\"> </span>niezabezpieczoneg<span class=\"_ _3\"></span>o <span class=\"_ _55\"> </span>odnawialnego <span class=\"_ _55\"> </span>kredytu konsorcjalnego <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>ramach <span class=\"_ _2\"></span>umowy <span class=\"_ _53\"></span>zawartej <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>dniu <span class=\"_ _53\"></span>20 <span class=\"_ _2\"></span>grudnia <span class=\"_ _53\"></span>2019 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>konsorcjum <span class=\"_ _53\"></span>bank\u00f3w. <span class=\"_ _53\"></span>Zob<span class=\"_ _3\"></span>owi\u0105zanie <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>wysoko\u015bci 50 <span class=\"_ _0\"></span>mln <span class=\"_ _1\"> </span>USD <span class=\"_ _0\"> </span>(<span class=\"_ _2\"></span>tj. <span class=\"_ _0\"> </span>219 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _1\"> </span>wed\u0142ug <span class=\"_ _0\"> </span>kursu <span class=\"_ _1\"> </span>NBP <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>dnia <span class=\"_ _0\"></span>ci\u0105gnienia) <span class=\"_ _1\"> </span>zosta\u0142o <span class=\"_ _0\"> </span>zaci\u0105gni\u0119te <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>okres <span class=\"_ _1\"> </span>2 <span class=\"_ _0\"></span>tygodni, <span class=\"_ _1\"> </span>po <span class=\"_ _0\"> </span>up\u0142<span class=\"_ _2\"></span>ywie<span class=\"_ _3\"></span> kt\u00f3rego <span class=\"_ _74\"> </span>zosta\u0142o <span class=\"_ _74\"> </span>przed\u0142u\u017c<span class=\"_ _3\"></span>one <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>okres <span class=\"_ _74\"> </span>1 <span class=\"_ _74\"> </span>miesi\u0105ca. <span class=\"_ _1\"> </span>Oprocentowanie <span class=\"_ _1\"> </span>kredytu <span class=\"_ _74\"> </span>oparte <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>o <span class=\"_ _74\"> </span>stawk\u0119 <span class=\"_ _1\"> </span>LIBOR <span class=\"_ _74\"> </span>powi\u0119kszon\u0105 o mar\u017c\u0119. Wystawienie gw<span class=\"_ _3\"></span>arancji bankowej na z<span class=\"_ _3\"></span>abezpieczenie zobowi<span class=\"_ _3\"></span>\u0105za\u0144 Dnia <span class=\"_ _74\"> </span>14 <span class=\"_ _74\"> </span>lutego <span class=\"_ _74\"> </span>2023 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>zlecenie <span class=\"_ _74\"> </span>Jednostki <span class=\"_ _1\"> </span>Dominuj\u0105cej <span class=\"_ _74\"> </span>wystawiona <span class=\"_ _74\"> </span>zosta\u0142a <span class=\"_ _1\"> </span>gwarancja <span class=\"_ _74\"> </span>bankowa <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>zabezpieczenie<span class=\"_ _3\"></span> zobowi\u0105za\u0144 <span class=\"_ _53\"></span>wynikaj\u0105cych <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>umowy <span class=\"_ _0\"></span>por\u0119czenia <span class=\"_ _53\"></span>zawartej <span class=\"_ _53\"></span>pomi\u0119dzy <span class=\"_ _53\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A., <span class=\"_ _53\"></span>Domem <span class=\"_ _0\"></span>Maklerskim <span class=\"_ _53\"></span>Banku Ochrony  \u015arodowiska  S.A.  oraz  Izb\u0105  Rozliczeni<span class=\"_ _3\"></span>ow\u0105  Gie\u0142d  Towarowych  S.A,  kt\u00f3rej  przedmi<span class=\"_ _3\"></span>otem  jest  por\u0119czenie  przez Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _53\"></span>za <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _53\"></span>Domu <span class=\"_ _53\"></span>Maklerskiego <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _0\"></span>rozlicze\u0144 <span class=\"_ _53\"></span>transakcji <span class=\"_ _53\"></span>dokonywanych <span class=\"_ _53\"></span>tytu\u0142em <span class=\"_ _0\"></span>zakupu<span class=\"_ _3\"></span> energii elektrycznej na <span class=\"_ _3\"></span>Towarowej Gie\u0142dzi<span class=\"_ _3\"></span>e Energii, do \u0142\u0105cznej wy<span class=\"_ _3\"></span>soko\u015bci 150 mln P<span class=\"_ _3\"></span>LN na okres do dnia <span class=\"_ _3\"></span>31 marca 2023 <span class=\"_ _3\"></span>r. Po\u017cyczka udziel<span class=\"_ _3\"></span>ona przez Jednostk<span class=\"_ _3\"></span>\u0119 Dominuj\u0105c\u0105 do K<span class=\"_ _3\"></span>GHM INTERNATIONAL L<span class=\"_ _3\"></span>TD. W <span class=\"_ _67\"> </span>dniu <span class=\"_ _67\"> </span>23 <span class=\"_ _67\"> </span>lutego <span class=\"_ _67\"> </span>2023 <span class=\"_ _67\"> </span>r. <span class=\"_ _67\"> </span>zawarta <span class=\"_ _67\"> </span>zosta\u0142a <span class=\"_ _67\"> </span>umowa <span class=\"_ _67\"> </span>po\u017cyczki <span class=\"_ _67\"> </span>pomi\u0119dzy <span class=\"_ _67\"> </span>KGHM <span class=\"_ _67\"> </span>Polska <span class=\"_ _67\"> </span>Mied\u017a <span class=\"_ _67\"> </span>S.A. <span class=\"_ _67\"> </span>a <span class=\"_ _67\"> </span>KGHM INTERNATIONAL LT<span class=\"_ _3\"></span>D. <span class=\"_ _59\"> </span>w wysoko\u015bci <span class=\"_ _59\"> </span>105,5 <span class=\"_ _59\"> </span>mln <span class=\"_ _59\"> </span>USD <span class=\"_ _59\"> </span>(473 <span class=\"_ _59\"> </span>mln <span class=\"_ _59\"> </span>PLN, <span class=\"_ _5a\"> </span>4,48<span class=\"_ _3\"></span>79 USD/PLN) <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>realizacj\u0119 <span class=\"_ _59\"> </span>projektu <span class=\"_ _59\"> </span>Victoria. Oprocentowanie po\u017c<span class=\"_ _3\"></span>yczki zosta\u0142o ustal<span class=\"_ _3\"></span>one na warunkach <span class=\"_ _3\"></span>rynkowych. Umowa zawa<span class=\"_ _3\"></span>rta zosta\u0142a do dnia <span class=\"_ _3\"></span>31 grudnia 203<span class=\"_ _3\"></span>3 r.  Zaci\u0105gni\u0119cie trans<span class=\"_ _3\"></span>zy po\u017cyczki z Europejs<span class=\"_ _3\"></span>kiego Banku Inwesty<span class=\"_ _3\"></span>cyjnego W <span class=\"_ _59\"> </span>dniu <span class=\"_ _59\"> </span>6 <span class=\"_ _57\"> </span>marca <span class=\"_ _59\"> </span>2023 <span class=\"_ _59\"> </span>r. <span class=\"_ _59\"> </span>Jednostka <span class=\"_ _59\"> </span>Dominu<span class=\"_ _3\"></span>j\u0105ca <span class=\"_ _59\"> </span>zaci\u0105gn\u0119\u0142a <span class=\"_ _59\"> </span>tran<span class=\"_ _3\"></span>sz\u0119 <span class=\"_ _59\"> </span>po\u017cyczki <span class=\"_ _59\"> </span>inwestycyjn<span class=\"_ _3\"></span>ej <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>Europejskiego <span class=\"_ _57\"> </span>Banku Inwestycyjnego w ramach <span class=\"_ _2\"></span>umowy zawartej <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>dniu 11 <span class=\"_ _2\"></span>grudnia 2017 <span class=\"_ _2\"></span>r. Zobo<span class=\"_ _2\"></span>wi\u0105zanie w <span class=\"_ _2\"></span>wysoko\u015bci 99 mln <span class=\"_ _2\"></span>USD <span class=\"_ _2\"></span>stanowi\u0105cej r\u00f3wnowarto\u015b\u0107 <span class=\"_ _53\"></span>dost\u0119pn<span class=\"_ _3\"></span>ej <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>wykorzystania <span class=\"_ _53\"></span>kwoty <span class=\"_ _53\"></span>440 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _53\"></span>zaci\u0105gni\u0119te <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>okres <span class=\"_ _53\"></span>12 <span class=\"_ _53\"></span>lat. <span class=\"_ _53\"></span>Otrzymane <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>transzy \u015brodki s\u0105 przeznaczon<span class=\"_ _3\"></span>e na kontynuacj\u0119 realiz<span class=\"_ _3\"></span>owanych przez <span class=\"_ _3\"></span>KGHM Polska Mi<span class=\"_ _3\"></span>ed\u017a S.A. projekt\u00f3w inw<span class=\"_ _3\"></span>estycyjnych.  Zawarcie Umowy s<span class=\"_ _3\"></span>przeda\u017cy akcji<span class=\"_ _3\"></span> KGHM TFI S.A.  W<span class=\"fc3\"> <span class=\"_ _0\"></span>dniu <span class=\"_ _0\"></span>13 <span class=\"_ _0\"></span>marca <span class=\"_ _0\"></span>2023 <span class=\"_ _53\"></span>r. <span class=\"_ _1\"> </span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>zawar<span class=\"_ _3\"></span>\u0142a <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>Agencj\u0105 <span class=\"_ _0\"></span>Rozwoju <span class=\"_ _0\"></span>Przemys\u0142u <span class=\"_ _53\"></span>S.A. <span class=\"_ _0\"></span>(dalej: <span class=\"_ _0\"></span>Kupuj\u0105cy) <span class=\"_ _0\"></span>Umow\u0119 </span>sprzeda\u017cy 100% <span class=\"_ _2\"></span>akcji <span class=\"_ _2\"></span>KGHM <span class=\"_ _2\"></span>TOWAR<span class=\"_ _3\"></span>ZYSTWO <span class=\"_ _2\"></span>FUNDUSZY INWESTYCYJNYCH SP\u00d3\u0141KA <span class=\"_ _2\"></span>AKCYJNA (dalej: <span class=\"_ _2\"></span>Akcje). <span class=\"_ _2\"></span>Sprzeda\u017c Akcji zosta\u0142a uzale\u017cniona od <span class=\"_ _2\"></span>spe\u0142nienia warunk\u00f3w zawieszaj\u0105cych, w tym m <span class=\"_ _2\"></span>in. braku <span class=\"_ _2\"></span>sprzeciwu Komisji Nadzoru Finansowego. Prawo <span class=\"_ _1\"> </span>w\u0142asno\u015bci <span class=\"_ _1\"> </span>Akcji <span class=\"_ _1\"> </span>przejdzie<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>Kupuj\u0105cego, <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>chwil\u0105 <span class=\"_ _1\"> </span>dokonania <span class=\"_ _1\"> </span>wpisu <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Rejestrze <span class=\"_ _1\"> </span>Akcjon<span class=\"_ _3\"></span>ariuszy. <span class=\"_ _1\"> </span>Zbycie <span class=\"_ _1\"> </span>Akcji <span class=\"_ _1\"> </span>jest ostatnim <span class=\"_ _0\"></span>etapem <span class=\"_ _1\"> </span>reorganizac<span class=\"_ _3\"></span>ji <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>ramach <span class=\"_ _0\"></span>struktury <span class=\"_ _0\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej, <span class=\"_ _0\"></span>obejmuj\u0105cej <span class=\"_ _0\"></span>likwidacj\u0119 <span class=\"_ _0\"></span>funduszy <span class=\"_ _0\"> </span>inwestycyjnych zamkni\u0119tych <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _53\"></span>niepublicz<span class=\"_ _3\"></span>nych. <span class=\"_ _53\"></span>Od <span class=\"_ _53\"></span>dnia <span class=\"_ _53\"></span>20 <span class=\"_ _53\"></span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r., <span class=\"_ _53\"></span>tj. <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>dnia <span class=\"_ _0\"></span>wykre\u015blenia <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>rejestru <span class=\"_ _53\"></span>f<span class=\"_ _2\"></span>unduszu <span class=\"_ _53\"></span>KGHM <span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>II FIZAN, KGHM TFI S.A. <span class=\"_ _3\"></span>nie zarz\u0105dz<span class=\"_ _3\"></span>a\u0142a \u017cadnym fundusz<span class=\"_ _3\"></span>em. Warto\u015b\u0107 <span class=\"_ _53\"></span>aktyw\u00f3w <span class=\"_ _53\"></span>netto <span class=\"_ _0\"></span>KGH<span class=\"_ _3\"></span>M <span class=\"_ _53\"></span>TFI <span class=\"_ _53\"></span>S<span class=\"_ _2\"></span>.A. <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>dzie\u0144 <span class=\"_ _53\"></span>ko\u0144cz\u0105c<span class=\"_ _3\"></span>y <span class=\"_ _0\"></span>okres <span class=\"_ _53\"></span>sprawozdawczy<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>wynios<span class=\"_ _3\"></span>\u0142a <span class=\"_ _0\"></span>2 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN. <span class=\"_ _0\"></span>Aktywa <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>zwi\u0105zane z nimi <span class=\"_ _53\"></span>zobowi\u0105zania <span class=\"_ _53\"></span>jednostk<span class=\"_ _3\"></span>i <span class=\"_ _53\"></span>zale\u017cnej <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>zosta\u0142y <span class=\"_ _53\"></span>przekwalifikowane <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>\u201eAktyw\u00f3w <span class=\"_ _53\"></span>przeznaczonych <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>(grupa<span class=\"_ _3\"></span> zbycia)\u201d i \u201eZobowi\u0105z<span class=\"_ _3\"></span>a\u0144 zwi\u0105zanych <span class=\"_ _3\"></span>z grup\u0105 zbycia\u201d, <span class=\"_ _3\"></span>szczeg\u00f3\u0142y w Nocie 9.8.4.<span class=\"_ _192\"> </span>Cz\u0119\u015b\u0107 13 \u2013 Kwarta<span class=\"_ _2\"></span>lna inf<span class=\"_ _2\"></span>ormacja finan<span class=\"_ _2\"></span>sowa Grup<span class=\"_ _2\"></span>y Kapita\u0142<span class=\"_ _2\"></span>owej SKONSOLIDOWA<span class=\"_ _3\"></span>NE SPRAWOZDANIE Z <span class=\"_ _3\"></span>WYNIKU od 01.10.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _2\"></span> od 01.10.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> od 01.01.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _2\"></span> od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> Nota 2.3 <span class=\"_ _63\"> </span><span class=\"fc0\">Przychody z um\u00f3<span class=\"_ _2\"></span>w z klientami<span class=\"_ _2\"></span> </span>8 151<span class=\"_ _192\"> </span>8 068<span class=\"_ _192\"> </span>33 847<span class=\"_ _192\"> </span>29 803<span class=\"_ _192\"> </span>Nota 4.1 Koszty sprze<span class=\"_ _2\"></span>danych prod<span class=\"_ _2\"></span>ukt\u00f3w, towar\u00f3w <span class=\"_ _2\"></span> i materia\u0142\u00f3w<span class=\"_ _2\"></span> (6 898)<span class=\"_ _192\"> </span>(6 745)<span class=\"_ _192\"> </span>(27 541)<span class=\"_ _192\"> </span>(23 529)<span class=\"_ _192\"> </span>Zysk brutto ze sp<span class=\"_ _2\"></span>rzeda\u017cy 1 253<span class=\"_ _192\"> </span>1 323<span class=\"_ _192\"> </span>6 306<span class=\"_ _192\"> </span>6 274<span class=\"_ _192\"> </span>Nota 4.1 <span class=\"_ _63\"> </span><span class=\"fc0\">Koszty sprze<span class=\"_ _2\"></span>da\u017cy i koszty og\u00f3lne<span class=\"_ _2\"></span>go zarz\u0105d<span class=\"_ _2\"></span>u </span>( 595)<span class=\"_ _192\"> </span>( 484)<span class=\"_ _192\"> </span>(1 962)<span class=\"_ _192\"> </span>(1 564)<span class=\"_ _192\"> </span>Zysk netto ze sp<span class=\"_ _2\"></span>rzeda\u017cy   658 839<span class=\"_ _192\"> </span>4 344<span class=\"_ _192\"> </span>4 710<span class=\"_ _192\"> </span>Nota 6.2       Zysk z tytu<span class=\"_ _2\"></span>\u0142u odwr\u00f3ceni<span class=\"_ _2\"></span>a utraty wart<span class=\"_ _2\"></span>o\u015bci po\u017cyczek       udzielonych<span class=\"_ _2\"></span> wsp\u00f3lnemu<span class=\"_ _2\"></span> przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119ciu  90 725 873<span class=\"_ _192\"> </span>2 380<span class=\"_ _192\"> </span>Nota 6.2       Przychody od<span class=\"_ _2\"></span>setkowe od po\u017c<span class=\"_ _2\"></span>yczek ud<span class=\"_ _2\"></span>zielonych       wsp\u00f3lnemu p<span class=\"_ _2\"></span>rzedsi\u0119<span class=\"_ _2\"></span>wzi\u0119ciu oblic<span class=\"_ _2\"></span>zone       zastosowanie<span class=\"_ _2\"></span>m metody efe<span class=\"_ _2\"></span>ktywnej<span class=\"_ _2\"></span> stopy       procent<span class=\"_ _2\"></span>owej  105 172 582 494<span class=\"_ _192\"> </span>Wynik z zaang<span class=\"_ _2\"></span>a\u017cowania we ws<span class=\"_ _2\"></span>p\u00f3lne pr<span class=\"_ _2\"></span>zedsi\u0119wzi\u0119<span class=\"_ _2\"></span>cie  195 897<span class=\"_ _192\"> </span>1 455<span class=\"_ _192\"> </span>2 874<span class=\"_ _192\"> </span>Nota 4.2 <span class=\"_ _63\"> </span><span class=\"fc0\">Pozosta\u0142e przychod<span class=\"_ _2\"></span>y operacyjne<span class=\"_ _2\"></span>, w tym:<span class=\"_ _2\"></span> </span> 24 348<span class=\"_ _192\"> </span>1 881<span class=\"_ _192\"> </span>1 757      pozosta\u0142e od<span class=\"_ _2\"></span>setki obli<span class=\"_ _2\"></span>czone z zastosowanie<span class=\"_ _2\"></span>m       metody efe<span class=\"_ _2\"></span>ktywnej stopy p<span class=\"_ _2\"></span>rocentowej  13<span class=\"_ _192\"> </span>- 54 1      odwr\u00f3cenie<span class=\"_ _2\"></span> strat z tytu<span class=\"_ _2\"></span>\u0142u utraty wart<span class=\"_ _2\"></span>o\u015bci       instrume<span class=\"_ _2\"></span>nt\u00f3w finan<span class=\"_ _2\"></span>sowych  1 9 5 27<span class=\"_ _192\"> </span>Pozosta\u0142e koszt<span class=\"_ _2\"></span>y operacyjne, w t<span class=\"_ _2\"></span>ym: (1 676)<span class=\"_ _192\"> </span>( 268)<span class=\"_ _192\"> </span>( 919)<span class=\"_ _192\"> </span>(1 046)      straty z tytu\u0142u<span class=\"_ _2\"></span> utraty warto\u015bc<span class=\"_ _2\"></span>i instrume<span class=\"_ _2\"></span>nt\u00f3w       finansowych<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>( 10)<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>( 13)<span class=\"_ _192\"> </span>Przychody fin<span class=\"_ _2\"></span>ansowe  537 35 148 70<span class=\"_ _192\"> </span>Nota 4.3 <span class=\"_ _63\"> </span><span class=\"fc0\">Koszty finans<span class=\"_ _2\"></span>owe </span>( 114)<span class=\"_ _192\"> </span>( 132)<span class=\"_ _192\"> </span>( 420)<span class=\"_ _192\"> </span>( 541)<span class=\"_ _192\"> </span>Zysk/(strata) p<span class=\"_ _2\"></span>rzed opoda<span class=\"_ _2\"></span>tkowaniem<span class=\"_ _2\"></span> ( 376)<span class=\"_ _192\"> </span>1 719<span class=\"_ _192\"> </span>6 489<span class=\"_ _192\"> </span>7 824<span class=\"_ _192\"> </span>Nota 5.1 <span class=\"_ _63\"> </span><span class=\"fc0\">Podatek dochod<span class=\"_ _2\"></span>owy  </span>( 117)<span class=\"_ _192\"> </span>( 326)<span class=\"_ _192\"> </span>(1 715)<span class=\"_ _192\"> </span>(1 669)<span class=\"_ _192\"> </span>ZYSK/(STRATA)<span class=\"_ _2\"></span> NETTO ( 493)<span class=\"_ _192\"> </span>1 393<span class=\"_ _192\"> </span>4 774<span class=\"_ _192\"> </span>6 155<span class=\"_ _192\"> </span>Zysk/(strata) ne<span class=\"_ _2\"></span>tto przypadaj\u0105c<span class=\"_ _2\"></span>a: Akcjonarius<span class=\"_ _2\"></span>zom Jednost<span class=\"_ _2\"></span>ki Dominuj\u0105cej <span class=\"_ _75\"> </span>( 494)<span class=\"_ _192\"> </span>1 394<span class=\"_ _192\"> </span>4 772<span class=\"_ _192\"> </span>6 156<span class=\"_ _192\"> </span>Na udzia\u0142y niek<span class=\"_ _2\"></span>ontroluj<span class=\"_ _2\"></span>\u0105ce <span class=\"_ _190\"> </span> 1<span class=\"_ _192\"> </span>( 1) 2<span class=\"_ _192\"> </span>( 1)<span class=\"_ _192\"> </span>\u015arednia wa\u017co<span class=\"_ _2\"></span>na liczba akcji<span class=\"_ _2\"></span> zwyk\u0142ych (<span class=\"_ _2\"></span>mln szt.) 200<span class=\"_ _192\"> </span>200<span class=\"_ _192\"> </span>200<span class=\"_ _192\"> </span>200<span class=\"_ _192\"> </span>Zysk/ (strata) na <span class=\"_ _2\"></span>akcj\u0119 pods<span class=\"_ _2\"></span>tawowy i rozwodniony (w<span class=\"_ _2\"></span> PLN) ( 2,47) 6,97 23,86 30,78<span class=\"_ _192\"> </span>Noty obja\u015bniaj\u0105ce d<span class=\"_ _3\"></span>o skonsolid<span class=\"_ _3\"></span>owanego sprawozdania z w<span class=\"_ _3\"></span>yniku<span class=\"ff2 fc0\"> </span>Nota 13.1 Koszty w<span class=\"_ _3\"></span>ed\u0142ug rodzaju od 01.10.2022<span class=\"_ _2\"></span> do 31.12.2022<span class=\"_ _2\"></span> od 01.10.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> od 01.01.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _2\"></span> od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> Amortyzacja \u015brod<span class=\"_ _2\"></span>k\u00f3w trwa\u0142ych<span class=\"_ _2\"></span> i warto\u015bc<span class=\"_ _2\"></span>i niemate<span class=\"_ _2\"></span>rialnych  663 526<span class=\"_ _192\"> </span>2 398<span class=\"_ _192\"> </span>2 254<span class=\"_ _192\"> </span>Koszty \u015bwiadc<span class=\"_ _2\"></span>ze\u0144 pracownic<span class=\"_ _2\"></span>zych    2 009<span class=\"_ _192\"> </span>1 692<span class=\"_ _192\"> </span>7 333<span class=\"_ _192\"> </span>6 443<span class=\"_ _192\"> </span>Zu\u017cycie mater<span class=\"_ _2\"></span>ia\u0142\u00f3w i energi<span class=\"_ _2\"></span>i, w tym: 4 045<span class=\"_ _192\"> </span>3 110<span class=\"_ _192\"> </span>15 876<span class=\"_ _192\"> </span>11 962<span class=\"_ _192\"> </span>wsady obce <span class=\"_ _2e\"> </span>2 158<span class=\"_ _192\"> </span>1 769<span class=\"_ _192\"> </span>8 859<span class=\"_ _192\"> </span>7 132<span class=\"_ _192\"> </span>Us\u0142ugi obce<span class=\"_ _2\"></span>  800 721<span class=\"_ _192\"> </span>2 604<span class=\"_ _192\"> </span>2 200<span class=\"_ _192\"> </span>Podatek od w<span class=\"_ _2\"></span>ydobycia niekt\u00f3r<span class=\"_ _2\"></span>ych kopalin<span class=\"_ _2\"></span>  746<span class=\"_ _192\"> </span>1 009<span class=\"_ _192\"> </span>3 046<span class=\"_ _192\"> </span>3 548<span class=\"_ _192\"> </span>Pozosta\u0142e podat<span class=\"_ _2\"></span>ki i op\u0142aty<span class=\"_ _2\"></span>  249<span class=\"_ _192\"> </span>( 34) 786 661<span class=\"_ _192\"> </span>Odwr\u00f3ceni<span class=\"_ _2\"></span>e odpis\u00f3w z tyt<span class=\"_ _2\"></span>u\u0142u utrat<span class=\"_ _2\"></span>y warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych<span class=\"_ _2\"></span> i warto\u015b<span class=\"_ _2\"></span>ci niemate<span class=\"_ _2\"></span>rialnych ( 2) 3<span class=\"_ _192\"> </span>( 3)<span class=\"_ _192\"> </span>( 42)<span class=\"_ _192\"> </span>Odwr\u00f3ceni<span class=\"_ _2\"></span>e odpis\u00f3w z tyt<span class=\"_ _2\"></span>u\u0142u utrat<span class=\"_ _2\"></span>y warto\u015bci zapas\u00f3w ( 15)<span class=\"_ _192\"> </span>( 31)<span class=\"_ _192\"> </span>( 55)<span class=\"_ _192\"> </span>( 88)<span class=\"_ _192\"> </span>Koszty reklamy i <span class=\"_ _2\"></span>wydatki re<span class=\"_ _2\"></span>prezent<span class=\"_ _2\"></span>acyjne  34 25 89 72<span class=\"_ _192\"> </span>Ubezpiec<span class=\"_ _2\"></span>zenia maj\u0105tkowe i osob<span class=\"_ _2\"></span>owe  22 20 80 76<span class=\"_ _192\"> </span>Odpisy z tytu<span class=\"_ _2\"></span>\u0142u utraty warto\u015b<span class=\"_ _2\"></span>ci rzeczowych a<span class=\"_ _2\"></span>ktyw\u00f3w  trwa\u0142ych i warto\u015b<span class=\"_ _2\"></span>ci niemate<span class=\"_ _2\"></span>rialnych  36 319 83 340<span class=\"_ _192\"> </span>Odpisy z tytu<span class=\"_ _2\"></span>\u0142u utraty warto\u015b<span class=\"_ _2\"></span>ci zapas\u00f3w<span class=\"_ _2\"></span>  34 18 74 47<span class=\"_ _192\"> </span>Pozosta\u0142e koszt<span class=\"_ _2\"></span>y  20 28 77 64<span class=\"_ _192\"> </span>Razem koszty<span class=\"_ _2\"></span> rodzajowe 8 641<span class=\"_ _192\"> </span>7 406<span class=\"_ _192\"> </span>32 388<span class=\"_ _192\"> </span>27 537<span class=\"_ _192\"> </span>Warto\u015b\u0107 sp<span class=\"_ _2\"></span>rzedanych t<span class=\"_ _2\"></span>owar\u00f3w i mate<span class=\"_ _2\"></span>ria\u0142\u00f3w (+)  136 215 792 790<span class=\"_ _192\"> </span>Zmiana stanu p<span class=\"_ _2\"></span>rodukt\u00f3w, produ<span class=\"_ _2\"></span>kcji w toku  (<span class=\"_ _2\"></span>+/-) ( 827) 112<span class=\"_ _192\"> </span>(2 008)<span class=\"_ _192\"> </span>(1 544)<span class=\"_ _192\"> </span>Koszty wytworzen<span class=\"_ _2\"></span>ia produkt\u00f3w<span class=\"_ _2\"></span> na w\u0142asn<span class=\"_ _2\"></span>e potrze<span class=\"_ _2\"></span>by  Grupy Kapit<span class=\"_ _2\"></span>a\u0142owej (-) ( 457)<span class=\"_ _192\"> </span>( 504)<span class=\"_ _192\"> </span>(1 669)<span class=\"_ _192\"> </span>(1 690)<span class=\"_ _192\"> </span>\u0141\u0105czne koszty sp<span class=\"_ _2\"></span>rzedanych<span class=\"_ _2\"></span> produkt\u00f3w, towa<span class=\"_ _2\"></span>r\u00f3w  i materia\u0142\u00f3w, sp<span class=\"_ _2\"></span>rzeda\u017cy i og<span class=\"_ _2\"></span>\u00f3lnego zarz\u0105du, <span class=\"_ _2\"></span>z tego: 7 493<span class=\"_ _192\"> </span>7 229<span class=\"_ _192\"> </span>29 503<span class=\"_ _192\"> </span>25 093   Koszty sprze<span class=\"_ _2\"></span>danych prod<span class=\"_ _2\"></span>ukt\u00f3w, towar\u00f3w i <span class=\"_ _2\"></span>materia\u0142\u00f3w<span class=\"_ _2\"></span> 6 898<span class=\"_ _192\"> </span>6 745<span class=\"_ _192\"> </span>27 541<span class=\"_ _192\"> </span>23 529   Koszty sprze<span class=\"_ _2\"></span>da\u017cy  149 120 560 450   Koszty og\u00f3lne<span class=\"_ _2\"></span>go zarz\u0105du<span class=\"_ _2\"></span>  446 364<span class=\"_ _192\"> </span>1 402<span class=\"_ _192\"> </span>1 114<span class=\"_ _192\"> </span>Nota 13.2 Poz<span class=\"_ _3\"></span>osta\u0142e przychody i<span class=\"_ _3\"></span> (koszty) operacyjne od 01.10.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _2\"></span> od 01.10.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> od 01.01.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _2\"></span> od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> Przychody z tytu<span class=\"_ _2\"></span>\u0142u instru<span class=\"_ _2\"></span>ment\u00f3w pochodn<span class=\"_ _2\"></span>ych, z tego: ( 12) 59 270 383     wycena ( 61)<span class=\"_ _192\"> </span>( 31) 109 208     realizacja   49 90 161 175<span class=\"_ _192\"> </span>Przychody z tytu<span class=\"_ _2\"></span>\u0142u odsete<span class=\"_ _2\"></span>k obliczone  z zastosowani<span class=\"_ _2\"></span>em metody ef<span class=\"_ _2\"></span>ektywnej st<span class=\"_ _2\"></span>opy procen<span class=\"_ _2\"></span>towej  13<span class=\"_ _192\"> </span>- 54 1<span class=\"_ _192\"> </span>R\u00f3\u017cnice kurs<span class=\"_ _2\"></span>owe z wyceny a<span class=\"_ _2\"></span>ktyw\u00f3w i zob<span class=\"_ _2\"></span>owi\u0105za\u0144  innych n<span class=\"_ _2\"></span>i\u017c zad\u0142u\u017cenie - 218 949 994<span class=\"_ _192\"> </span>Odwr\u00f3ceni<span class=\"_ _2\"></span>e strat z tyt<span class=\"_ _2\"></span>u\u0142u utraty warto\u015bc<span class=\"_ _2\"></span>i  \u015brodk\u00f3w trwa\u0142yc<span class=\"_ _2\"></span>h w budowie<span class=\"_ _2\"></span> - 2<span class=\"_ _192\"> </span>- 2<span class=\"_ _192\"> </span>Odwr\u00f3ceni<span class=\"_ _2\"></span>e strat z tyt<span class=\"_ _2\"></span>u\u0142u utraty warto\u015bc<span class=\"_ _2\"></span>i instru<span class=\"_ _2\"></span>ment\u00f3w finansowych<span class=\"_ _2\"></span>  1 9 5 27<span class=\"_ _192\"> </span>Rozwi\u0105zanie r<span class=\"_ _2\"></span>ezerw ( 36)<span class=\"_ _192\"> </span>( 1) 62 34<span class=\"_ _192\"> </span>Zysk ze zbycia w<span class=\"_ _2\"></span>arto\u015bci ni<span class=\"_ _2\"></span>ematerialn<span class=\"_ _2\"></span>ych ( 1)<span class=\"_ _192\"> </span>- 134 1<span class=\"_ _192\"> </span>Zysk ze zbycia rze<span class=\"_ _2\"></span>czowych a<span class=\"_ _2\"></span>ktyw\u00f3w trwa\u0142ych<span class=\"_ _2\"></span> - 8<span class=\"_ _192\"> </span>- 57<span class=\"_ _192\"> </span>Zysk ze zbycia je<span class=\"_ _2\"></span>dnostek zale\u017cn<span class=\"_ _2\"></span>ych  7<span class=\"_ _192\"> </span>- 180<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Otrzymane dotac<span class=\"_ _2\"></span>je pa\u0144st<span class=\"_ _2\"></span>wowe  5 11 19 24<span class=\"_ _192\"> </span>Przychody z obs\u0142ug<span class=\"_ _2\"></span>i akredytyw, g<span class=\"_ _2\"></span>warancj<span class=\"_ _2\"></span>i -<span class=\"_ _192\"> </span>- 28 66<span class=\"_ _192\"> </span>Otrzymane odsz<span class=\"_ _2\"></span>kodowania, <span class=\"_ _2\"></span>kary, grzywny<span class=\"_ _2\"></span>  3 10 66 34<span class=\"_ _192\"> </span>Otrzymana re<span class=\"_ _2\"></span>kompensata z t<span class=\"_ _2\"></span>ytu\u0142u zakup<span class=\"_ _2\"></span>u energi<span class=\"_ _2\"></span>i elektryczn<span class=\"_ _2\"></span>ej za 2020 r. -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>- 39<span class=\"_ _192\"> </span>Pozosta\u0142e  44 32 114 95<span class=\"_ _192\"> </span>Pozosta\u0142e pr<span class=\"_ _2\"></span>zychody ope<span class=\"_ _2\"></span>racyjne razem  24 348<span class=\"_ _192\"> </span>1 881<span class=\"_ _192\"> </span>1 757<span class=\"_ _192\"> </span>Koszty z tytu\u0142u<span class=\"_ _2\"></span> instru<span class=\"_ _2\"></span>ment\u00f3w pochodn<span class=\"_ _2\"></span>ych, z tego: ( 113)<span class=\"_ _192\"> </span>( 176)<span class=\"_ _192\"> </span>( 490)<span class=\"_ _192\"> </span>( 768)     wycena  ( 10) 3<span class=\"_ _192\"> </span>( 116)<span class=\"_ _192\"> </span>( 141)     realizacja  ( 103)<span class=\"_ _192\"> </span>( 179)<span class=\"_ _192\"> </span>( 374)<span class=\"_ _192\"> </span>( 627)<span class=\"_ _192\"> </span>Straty z tytu<span class=\"_ _2\"></span>\u0142u utraty warto\u015b<span class=\"_ _2\"></span>ci inst<span class=\"_ _2\"></span>rument\u00f3w finansowych<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>( 10)<span class=\"_ _192\"> </span>( 5)<span class=\"_ _192\"> </span>( 13)<span class=\"_ _192\"> </span>Straty z tytu<span class=\"_ _2\"></span>\u0142u zmian warto\u015b<span class=\"_ _2\"></span>ci godziwej<span class=\"_ _2\"></span> aktyw\u00f3w finansowych<span class=\"_ _2\"></span>  11 34<span class=\"_ _192\"> </span>( 58)<span class=\"_ _192\"> </span>( 39)<span class=\"_ _192\"> </span>Straty z tytu<span class=\"_ _2\"></span>\u0142u utraty warto\u015b<span class=\"_ _2\"></span>ci \u015brodk\u00f3w trwa\u0142ych <span class=\"_ _2\"></span> w budowie or<span class=\"_ _2\"></span>az warto\u015bci n<span class=\"_ _2\"></span>iemateri<span class=\"_ _2\"></span>alnych nieodd<span class=\"_ _2\"></span>anych do u\u017cytkowania<span class=\"_ _2\"></span> ( 58)<span class=\"_ _192\"> </span>( 27)<span class=\"_ _192\"> </span>( 64)<span class=\"_ _192\"> </span>( 38)<span class=\"_ _192\"> </span>R\u00f3\u017cnice kurs<span class=\"_ _2\"></span>owe z wyceny a<span class=\"_ _2\"></span>ktyw\u00f3w i zob<span class=\"_ _2\"></span>owi\u0105za\u0144  innych n<span class=\"_ _2\"></span>i\u017c zad\u0142u\u017cenie (1 519)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Utworzenie<span class=\"_ _2\"></span> rezerw  69<span class=\"_ _192\"> </span>( 45)<span class=\"_ _192\"> </span>( 27)<span class=\"_ _192\"> </span>( 88)<span class=\"_ _192\"> </span>Przekazane wsp<span class=\"_ _2\"></span>arcie fin<span class=\"_ _2\"></span>ansowe dla gmin<span class=\"_ _2\"></span> ( 1)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 100)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Straty ze zbyci<span class=\"_ _2\"></span>a rzeczowych akty<span class=\"_ _2\"></span>w\u00f3w t<span class=\"_ _2\"></span>rwa\u0142ych ( 17)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 26)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Darowizny prze<span class=\"_ _2\"></span>kazane ( 21)<span class=\"_ _192\"> </span>( 15)<span class=\"_ _192\"> </span>( 55)<span class=\"_ _192\"> </span>( 33)<span class=\"_ _192\"> </span>Pozosta\u0142e ( 27)<span class=\"_ _192\"> </span>( 29)<span class=\"_ _192\"> </span>( 94)<span class=\"_ _192\"> </span>( 67)<span class=\"_ _192\"> </span>Pozosta\u0142e kos<span class=\"_ _2\"></span>zty operacyjne <span class=\"_ _2\"></span>razem (1 676)<span class=\"_ _192\"> </span>( 268)<span class=\"_ _192\"> </span>( 919)<span class=\"_ _192\"> </span>(1 046)<span class=\"_ _192\"> </span>Pozosta\u0142e pr<span class=\"_ _2\"></span>zychody i (koszt<span class=\"_ _2\"></span>y) operacyjne<span class=\"_ _2\"></span> (1 652) 80 962 711<span class=\"_ _192\"> </span>Nota 13.3 Przych<span class=\"_ _3\"></span>ody i (koszty) fi<span class=\"_ _3\"></span>nansowe od 01.10.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _2\"></span> od 01.10.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> od 01.01.2022<span class=\"_ _192\"> </span>do 31.12.2022<span class=\"_ _2\"></span> od 01.01.2021<span class=\"_ _192\"> </span>do 31.12.2021<span class=\"_ _2\"></span> R\u00f3\u017cnice kurs<span class=\"_ _2\"></span>owe z wyceny i r<span class=\"_ _2\"></span>ealizacji zobowi\u0105z<span class=\"_ _2\"></span>a\u0144  z tytu\u0142u zad\u0142u\u017cen<span class=\"_ _2\"></span>ia  438<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Przychody z tytu<span class=\"_ _2\"></span>\u0142u instru<span class=\"_ _2\"></span>ment\u00f3w pochodn<span class=\"_ _2\"></span>ych - reali<span class=\"_ _2\"></span>zacja   83 35 130 70<span class=\"_ _192\"> </span>Skutek rozlicze<span class=\"_ _2\"></span>nia transakcji<span class=\"_ _2\"></span> zabezpieczaj\u0105ce<span class=\"_ _2\"></span>j ryzyko procen<span class=\"_ _2\"></span>towe w zwi\u0105zku z emisj<span class=\"_ _2\"></span>\u0105 obligacji ze<span class=\"_ _2\"></span> zmiennym oprocen<span class=\"_ _2\"></span>towaniem  16<span class=\"_ _192\"> </span>- 18<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Przychody fina<span class=\"_ _2\"></span>nsowe razem<span class=\"_ _2\"></span>  537 35 148 70<span class=\"_ _192\"> </span>Odsetki od zad\u0142u<span class=\"_ _2\"></span>\u017cenia, w tym:<span class=\"_ _2\"></span> ( 3)<span class=\"_ _192\"> </span>( 29)<span class=\"_ _192\"> </span>( 18)<span class=\"_ _192\"> </span>( 94)       z tytu\u0142u l<span class=\"_ _2\"></span>easingu ( 2)<span class=\"_ _192\"> </span>( 3)<span class=\"_ _192\"> </span>( 9)<span class=\"_ _192\"> </span>( 13)<span class=\"_ _192\"> </span>Skutek odwracania<span class=\"_ _2\"></span> dyskonta reze<span class=\"_ _2\"></span>rw ( 6)<span class=\"_ _192\"> </span>( 4)<span class=\"_ _192\"> </span>( 21)<span class=\"_ _192\"> </span>( 15)<span class=\"_ _192\"> </span>Op\u0142aty i prowizje<span class=\"_ _2\"></span> bankowe od z<span class=\"_ _2\"></span>aci\u0105gni<span class=\"_ _2\"></span>\u0119tych  kredyt\u00f3w i po\u017cycze<span class=\"_ _2\"></span>k  ( 6)<span class=\"_ _192\"> </span>( 6)<span class=\"_ _192\"> </span>( 29)<span class=\"_ _192\"> </span>( 25)<span class=\"_ _192\"> </span>Koszty z tytu\u0142u<span class=\"_ _2\"></span> instru<span class=\"_ _2\"></span>ment\u00f3w pochodn<span class=\"_ _2\"></span>ych, z tego: ( 98)<span class=\"_ _192\"> </span>( 41)<span class=\"_ _192\"> </span>( 149)<span class=\"_ _192\"> </span>( 80)       wycena <span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>( 1)       realizacja  ( 98)<span class=\"_ _192\"> </span>( 41)<span class=\"_ _192\"> </span>( 149)<span class=\"_ _192\"> </span>( 79)<span class=\"_ _192\"> </span>R\u00f3\u017cnice kurs<span class=\"_ _2\"></span>owe z wyceny i r<span class=\"_ _2\"></span>ealizacji zobowi\u0105z<span class=\"_ _2\"></span>a\u0144  z tytu\u0142u zad\u0142u\u017cen<span class=\"_ _2\"></span>ia -<span class=\"_ _192\"> </span>( 44)<span class=\"_ _192\"> </span>( 179)<span class=\"_ _192\"> </span>( 299)<span class=\"_ _192\"> </span>Pozosta\u0142e ( 1)<span class=\"_ _192\"> </span>( 8)<span class=\"_ _192\"> </span>( 24)<span class=\"_ _192\"> </span>( 28)<span class=\"_ _192\"> </span>Koszty finansow<span class=\"_ _2\"></span>e razem<span class=\"_ _2\"></span> ( 114)<span class=\"_ _192\"> </span>( 132)<span class=\"_ _192\"> </span>( 420)<span class=\"_ _192\"> </span>( 541)<span class=\"_ _192\"> </span>Przychody i (kos<span class=\"_ _2\"></span>zty) finansow<span class=\"_ _2\"></span>e  423<span class=\"_ _192\"> </span>( 97)<span class=\"_ _192\"> </span>( 272)<span class=\"_ _192\"> </span>( 471)<span class=\"_ _192\"> </span>PODPISY WSZYSTKI<span class=\"_ _3\"></span>CH CZ\u0141ONK\u00d3W ZAR<span class=\"_ _3\"></span>Z\u0104DU Niniejsze sprawozdani<span class=\"_ _3\"></span>e zosta\u0142o zatwierdz<span class=\"_ _3\"></span>one do publikacji dnia <span class=\"_ _3\"></span>21 marca 2<span class=\"_ _3\"></span>023 r. Prezes Zarz\u0105du <span class=\"_ _3\"></span> Tomasz Zdzikot<span class=\"_ _3\"></span> Wiceprezes Zarz\u0105du<span class=\"_ _3\"></span>  Mateusz Wodejko<span class=\"_ _3\"></span> Wiceprezes Zarz\u0105du<span class=\"_ _3\"></span>  Marek Pietrzak Wiceprezes Zarz\u0105du<span class=\"_ _3\"></span> <span class=\"_ _8f\"> </span> Miros\u0142aw Kido\u0144 Wiceprezes Zarz\u0105du<span class=\"_ _3\"></span> Marek \u015awider PODPIS OSOBY, <span class=\"_ _3\"></span>KT\u00d3REJ POWIERZONO PRO<span class=\"_ _3\"></span>WADZENIE KSI\u0104<span class=\"_ _3\"></span>G RACHUNKOWYCH Dyrektor Naczelny<span class=\"_ _3\"></span> Centrum Us\u0142ug Ksi\u0119<span class=\"_ _3\"></span>gowych G\u0142\u00f3wny Ksi\u0119gowy<span class=\"_ _3\"></span> Agnieszka Sinior",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "\u2013",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-409": {
   "value": "KGHM Polska Mied\u017a S.A. ",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-410": {
   "value": "w Lubinie przy ul. M. Sk\u0142odowskiej-Curie 48",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-411": {
   "value": "sp\u00f3\u0142k\u0105 akcyjn\u0105",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-412": {
   "value": "Rzeczpospolitej Polskiej",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-415": {
   "value": "KGHM Polska Mied\u017a S.A. jest przedsi\u0119biorstwem wielooddzia\u0142owym, w kt\u00f3rego sk\u0142ad wchodzi Centrala oraz 10 oddzia\u0142\u00f3w: 3 zak\u0142ady  g\u00f3rnicze  (ZG  Lubin,  ZG  Polkowice-Sieroszowice,  ZG  Rudna),  3  huty  miedzi  (HM  G\u0142og\u00f3w,  HM Legnica, HM Cedynia),  Zak\u0142ady  Wzbogacania  Rud  (ZWR),  Zak\u0142ad  Hydrotechniczny,  Jednostka  Ratownictwa  G\u00f3rniczo-Hutniczego i Centralny O\u015brodek Przetwarzania Informacji. Akcje KGHM Polska Mied\u017a S.A. s\u0105 notowane na Gie\u0142dzie Papier\u00f3w Warto\u015bciowych w Warszawie.  Podstawowy przedmiot dzia\u0142alno\u015bci Jednostki Dominuj\u0105cej stanowi: \u2013  g\u00f3rnictwo rud miedzi i metali nie\u017celaznych oraz \u2013  produkcja miedzi, metali szlachetnych i nie\u017celaznych. Grupa  Kapita\u0142owa  KGHM  Polska Mied\u017a  S.A.  (Grupa Kapita\u0142owa,  Grupa, GK)  prowadzi  r\u00f3wnie\u017c  inne rodzaje  dzia\u0142alno\u015bci opisane w Za\u0142\u0105czniku Nr 3 Sprawozdania Zarz\u0105du z dzia\u0142alno\u015bci KGHM Polska Mied\u017a S.A. oraz Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. w 2022 r. Dzia\u0142alno\u015b\u0107 Grupy Kapita\u0142owej KGHM  Polska Mied\u017a  S.A. w zakresie eksploracji  i  eksploatacji z\u0142\u00f3\u017c rud miedzi, niklu oraz metali szlachetnych opiera si\u0119 na posiadanych przez KGHM Polska Mied\u017a S.A. koncesjach na eksploatacj\u0119 z\u0142\u00f3\u017c w Polsce oraz  posiadanych  przez  sp\u00f3\u0142ki  Grupy  Kapita\u0142owej  KGHM  INTERNATIONAL  LTD.  tytu\u0142ach  prawnych  do  poszukiwania lub wydobycia tych surowc\u00f3w na terenie USA, Kanady i Chile. Szczeg\u00f3\u0142owe informacje s\u0105 przedstawione w Sprawozdaniu Zarz\u0105du z dzia\u0142alno\u015bci KGHM Polska Mied\u017a S.A. oraz Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. w 2022 r. (punkt 1.5)",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-429": {
   "value": "Lubin",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-430": {
   "value": "Polska",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-370": {
   "value": "Jednostka Dominuj\u0105ca Grupy  Kapita\u0142owej  w  2022 r.  obj\u0119\u0142a  skonsolidowanym sprawozdaniem finansowym  63  jednostki zale\u017cne Nota 12.11 Sk\u0142ad Grupy Kapita\u0142owej Procentowy udzia\u0142 Grupy Nazwa jednostki  Siedziba stan na  31.12.2022 stan na  31.12.2021 BIPROMET S.A. Katowice 100 100 CBJ sp. z o.o. Lubin 100 100 CENTROZ\u0141OM WROC\u0141AW S.A. Wroc\u0142aw 100 100 CUPRUM Zdrowie sp. z o.o. (dawniej CUPRUM Nieruchomo\u015bci sp. z o.o.) Wroc\u0142aw 100 100 \"Energetyka\" sp. z o.o. Lubin 100 100 Fundusz Hotele 01 Sp. z o.o. Wroc\u0142aw 100 100 Fundusz Hotele 01 Sp. z o.o. S.K.A. Wroc\u0142aw 100 100 INOVA Sp\u00f3\u0142ka z o.o. Lubin 100 100 INTERFERIE  S.A. Legnica - 69,71 Interferie Medical SPA Sp. z o.o. Legnica - 90,12 KGHM CUPRUM  sp. z o.o. - CBR Wroc\u0142aw 100 100 CUPRUM Development sp. z o.o. Wroc\u0142aw 100 100 KGHM Kupfer AG Wei\u00dfwasser 100 100 KGHM VII FIZAN Wroc\u0142aw - 100 KGHM Metraco S.A. Legnica 100 100 KGHM (SHANGHAI) COPPER TRADING CO., LTD. Shanghai 100 100 KGHM TFI S.A. Wroc\u0142aw 100 100 KGHM ZANAM S.A. Polkowice 100 100 \"MIEDZIOWE CENTRUM ZDROWIA\" S.A. Lubin 100 100 NITROERG S.A. Bieru\u0144 87,12 87,12 NITROERG SERWIS Sp. z o.o. Wilk\u00f3w 87,12 87,12 PeBeKa S.A. Lubin 100 100 MERCUS Logistyka sp. z o.o. Polkowice 100 100 PHU \"Lubinpex\" Sp. z o.o. Lubin 100 100 Future 1 Sp. z o.o. Lubin 100 100 KGHM Centrum Analityki Sp. z o.o. Lubin 100 100 Future 3 Sp. z o.o. Lubin 100 100 Future 4 Sp. z o.o. Lubin 100 100 Future 5 Sp. z o.o. Lubin 100 100 Future 7 Sp. z o.o. w likwidacji Lubin - 100 PMT Linie Kolejowe Sp. z o.o. Owczary 100 100 POL- MIED\u0179 TRANS  Sp. z o.o. Lubin 100 100 Polska Grupa Uzdrowisk Sp. z o.o. Wroc\u0142aw 100 100 Uzdrowisko Cieplice Sp. z o.o.- Grupa PGU Jelenia G\u00f3ra 98,85 98,85 Uzdrowiska K\u0142odzkie S.A. - Grupa PGU Polanica Zdr\u00f3j 100 100 Uzdrowisko Po\u0142czyn Grupa PGU S.A. Po\u0142czyn Zdr\u00f3j 100 100 Uzdrowisko \u015awierad\u00f3w-Czerniawa Sp. z o.o.-Grupa PGU \u015awierad\u00f3w Zdr\u00f3j 99,4 99,4 WMN \"\u0141AB\u0118DY\" S.A. Gliwice 84,98 84,98 WPEC w Legnicy S.A. Legnica 100 100 Zag\u0142\u0119bie Lubin S.A. Lubin 100 100 OOO ZANAM VOSTOK Gaj (Rosja) 100 100 TUW Cuprum Lubin 99,49 100 Procentowy udzia\u0142 Grupy Nazwa jednostki  Siedziba stan na  31.12.2022 stan na  31.12.2021 Grupa Kapita\u0142owa KGHM INTERNATIONAL LTD. KGHM INTERNATIONAL LTD. Kanada 100 100 KGHM AJAX MINING INC. Kanada 80 80 Sugarloaf Ranches Ltd. Kanada 80 80 KGHMI HOLDINGS LTD. Kanada 100 100 Quadra FNX Holdings Chile Limitada Chile 100 100 Aguas de la Sierra Limitada Chile 100 100 Quadra FNX FFI S.\u00e0 r.l. Luksemburg 100 100 Robinson Holdings (USA) Ltd. USA 100 100 Wendover Bulk Transhipment Company USA 100 100 Robins on Nevada Mining Company USA 100 100 Carlota Holdings Company USA 100 100 Carlota Copper Company USA 100 100 FNX Mining Company Inc. Kanada 100 100 DMC Mining Services Ltd. Kanada 100 100 Quadra FNX Holdings Partnership Kanada 100 100 DMC Mining Services Mexico, S.A. de C.V. (dawniej Raise Boring Mining Services, S.A. de C.V.) Meksyk 100 100 FNX Mining Company USA Inc. USA 100 100 DMC Mining Services Corporation USA 100 100 Centenario Holdings Ltd. Kanada 100 100 Minera Carrizalillo SpA Chile 100 100 KGHM Chile SpA Chile 100 100 FRANKE HOLDINGS LTD. Kanada 100 100 Sociedad Contractual Minera Franke Chile - 100 0899196 B.C. Ltd. Kanada 100 100 DMC Mining Services (UK) Ltd. Wielka Brytania 100 100 DMC Mining Services Colombia SAS Kolumbia 100 100 DMC Mining Services Chile SpA Chile 100 100 Zmiany w strukturze organizacyjnej Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. W zwi\u0105zku z realizowanym w II po\u0142owie 2022 r. procesem reorganizacji w ramach Grupy Kapita\u0142owej, w zakresie sp\u00f3\u0142ek portfelowych Funduszu KGHM VII FIZAN, wyst\u0105pi\u0142y nast\u0119puj\u0105ce zdarzenia: \u2022  20  lipca  2022  r.  Nadzwyczajne  Zgromadzenie  Wsp\u00f3lnik\u00f3w  sp\u00f3\u0142ki  bezpo\u015brednio  zale\u017cnej  CUPRUM  Nieruchomo\u015bci  sp. z o.o. podwy\u017cszy\u0142o kapita\u0142 zak\u0142adowy tego podmiotu o kwot\u0119 368 mln PLN. Wszystkie udzia\u0142y w podwy\u017cszonym kapitale  obj\u0119\u0142a  KGHM  Polska  Mied\u017a  S.A.  Jednocze\u015bnie  dokonano  zmiany  firmy  sp\u00f3\u0142ki  z  CUPRUM  Nieruchomo\u015bci sp. z o.o. na CUPRUM Zdrowie sp. z o.o.;  \u2022   w dniach od 27 lipca do 1 sierpnia 2022 r. przeprowadzono transakcje zbycia przez KGHM VII FIZAN na rzecz sp\u00f3\u0142ki CUPRUM Nieruchomo\u015bci sp. z o.o., akcji i udzia\u0142\u00f3w wszystkich sp\u00f3\u0142ek portfelowych Funduszu, w tym czterech sp\u00f3\u0142ek uzdrowiskowych: Uzdrowiska K\u0142odzkie S.A.  - Grupa  PGU, Uzdrowisko  Po\u0142czyn Grupa PGU  S.A., Uzdrowisko  Cieplice  Sp. z o.o. - Grupa PGU, Uzdrowisko \u015awierad\u00f3w - Czerniawa Sp. z o.o. \u2013 Grupa PGU; \u2022  po  reorganizacji  KGHM  VII  FIZAN  wykupi\u0142  od  KGHM  Polska  Mied\u017a  S.A.,  na  \u017c\u0105danie  Jednostki  Dominuj\u0105cej,  100  % Certyfikat\u00f3w Inwestycyjnych Funduszu za kwot\u0119 367 mln PLN, w dniu 22 listopada 2022 r. nast\u0105pi\u0142a likwidacja KGHM VII FIZAN.  Schemat Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. na dzie\u0144 31 grudnia 2022 r. Jednostka Dominuj\u0105ca KGHM Polska Mied\u017a S.A. PeBeKa S.A. 100% KGHM CUPRUM sp. z o.o. \u2013 CBR 100% Zag\u0142\u0119bie Lubin S.A. 100% KGHM TFI S.A. 100% \u201eMIEDZIOWE CENTRUM ZDROWIA\u201d S.A. 100% CBJ sp. z o.o. 100% INOVA Sp\u00f3\u0142ka z o.o. 100% KGHM ZANAM S.A. 100% KGHM (SHANGHAI) COPPER TRADING CO., LTD. 100% \u201eEnergetyka\u201d sp. z o.o. 100% WPEC w Legnicy S.A. 100% POL-MIED\u0179 TRANS Sp. z o.o. 100% MERCUS Logistyka sp. z o.o. 100% PHU \u201eLubinpex\u201d Sp. z o.o. 100% BIPROMET S.A. 100% NITROERG S.A. 87,12% CENTROZ\u0141OM WROC\u0141AW S.A. 100% WMN \u201e\u0141AB\u0118DY\u201d S.A. 84,98% KGHM Metraco S.A. 100% Fundusz Hotele 01 Sp. z o.o. 100% Fundusz Hotele 01 Sp. z o.o. S.K.A. 100% Polska Grupa Uzdrowisk Sp. z o.o. 100% Uzdrowiska K\u0142odzkie S.A. \u2013 Grupa PGU 100% Uzdrowisko Po\u0142czyn Grupa PGU S.A. 100% Uzdrowisko Cieplice Sp. z o.o. \u2013 Grupa PGU 98,85% Uzdrowisko \u015awierad\u00f3w-Czerniawa Sp. z o.o. \u2013 Grupa PGU 99,40% Future 1 Sp\u00f3\u0142ka z o.o. 100% (ci\u0105g dalszy na nast\u0119pnej stronie) NITROERG SERWIS Sp. z o.o 87,12% CUPRUM Zdrowie sp. z o.o. 100% CUPRUM Development sp. z o.o. 100% PMT Linie Kolejowe Sp. z o.o. 100% KGHM Centrum Analityki Sp\u00f3\u0142ka z o.o. 100% Future 3 Sp\u00f3\u0142ka z o.o. 100% Future 4 Sp\u00f3\u0142ka z o.o. 100% Future 5 Sp\u00f3\u0142ka z o.o. 100% OOO ZANAM VOSTOK 100% TUW Cuprum * 99,49% * Jednostka wy\u0142\u0105czona z konsolidacji z uwagi na nieistotny wp\u0142yw na skonsolidowane sprawozdanie finansowe. Future 1 Sp\u00f3\u0142ka z o.o. 100% KGHM INTERNATIONAL LTD. 100% FNX Mining Company Inc. 100% 0899196 B.C. Ltd. 100% CENTENARIO HOLDINGS LTD. 100% Minera Carrizalillo SpA 100% KGHM Chile SpA 100% FRANKE HOLDINGS LTD. 100% DMC Mining Services Ltd. 100% Quadra FNX Holdings Partnership 100% DMC Mining Services Mexico, S.A. de C.V. 100% FNX Mining Company USA Inc. 100% DMC Mining Services Corporation 100% Robinson Holdings (USA) Ltd. 100% Wendover Bulk Transhipment Company 100% Robinson Nevada Mining Company 100% Carlota Holdings Company 100% Carlota Copper Company 100% KGHMI HOLDINGS LTD. 100% Quadra FNX Holdings Chile Limitada 100% Aguas de la Sierra Limitada 100% Quadra FNX FFI S.\u00e1 r.l. 100% KGHM AJAX MINING INC. 80% Sugarloaf Ranches Ltd. 80% KGHM Kupfer AG 100% DMC Mining Services Colombia SAS 100% DMC Mining Services (UK) Ltd. 100% DMC Mining Services Chile SpA 100% ",
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  },
  "fact-413": {
   "value": "Jednostka Dominuj\u0105ca Grupy  Kapita\u0142owej  w  2022 r.  obj\u0119\u0142a  skonsolidowanym sprawozdaniem finansowym  63  jednostki zale\u017cne  oraz wyceni\u0142a metod\u0105 praw w\u0142asno\u015bci udzia\u0142y w dw\u00f3ch wsp\u00f3lnych przedsi\u0119wzi\u0119ciach (Sierra Gorda S.C.M. i NANO CARBON Sp. z o.o. w likwidacji). Nota 12.11 Sk\u0142ad Grupy Kapita\u0142owej Procentowy udzia\u0142 Grupy Nazwa jednostki  Siedziba stan na  31.12.2022 stan na  31.12.2021 BIPROMET S.A. Katowice 100 100 CBJ sp. z o.o. Lubin 100 100 CENTROZ\u0141OM WROC\u0141AW S.A. Wroc\u0142aw 100 100 CUPRUM Zdrowie sp. z o.o. (dawniej CUPRUM Nieruchomo\u015bci sp. z o.o.) Wroc\u0142aw 100 100 \"Energetyka\" sp. z o.o. Lubin 100 100 Fundusz Hotele 01 Sp. z o.o. Wroc\u0142aw 100 100 Fundusz Hotele 01 Sp. z o.o. S.K.A. Wroc\u0142aw 100 100 INOVA Sp\u00f3\u0142ka z o.o. Lubin 100 100 INTERFERIE  S.A. Legnica - 69,71 Interferie Medical SPA Sp. z o.o. Legnica - 90,12 KGHM CUPRUM  sp. z o.o. - CBR Wroc\u0142aw 100 100 CUPRUM Development sp. z o.o. Wroc\u0142aw 100 100 KGHM Kupfer AG Wei\u00dfwasser 100 100 KGHM VII FIZAN Wroc\u0142aw - 100 KGHM Metraco S.A. Legnica 100 100 KGHM (SHANGHAI) COPPER TRADING CO., LTD. Shanghai 100 100 KGHM TFI S.A. Wroc\u0142aw 100 100 KGHM ZANAM S.A. Polkowice 100 100 \"MIEDZIOWE CENTRUM ZDROWIA\" S.A. Lubin 100 100 NITROERG S.A. Bieru\u0144 87,12 87,12 NITROERG SERWIS Sp. z o.o. Wilk\u00f3w 87,12 87,12 PeBeKa S.A. Lubin 100 100 MERCUS Logistyka sp. z o.o. Polkowice 100 100 PHU \"Lubinpex\" Sp. z o.o. Lubin 100 100 Future 1 Sp. z o.o. Lubin 100 100 KGHM Centrum Analityki Sp. z o.o. Lubin 100 100 Future 3 Sp. z o.o. Lubin 100 100 Future 4 Sp. z o.o. Lubin 100 100 Future 5 Sp. z o.o. Lubin 100 100 Future 7 Sp. z o.o. w likwidacji Lubin - 100 PMT Linie Kolejowe Sp. z o.o. Owczary 100 100 POL- MIED\u0179 TRANS  Sp. z o.o. Lubin 100 100 Polska Grupa Uzdrowisk Sp. z o.o. Wroc\u0142aw 100 100 Uzdrowisko Cieplice Sp. z o.o.- Grupa PGU Jelenia G\u00f3ra 98,85 98,85 Uzdrowiska K\u0142odzkie S.A. - Grupa PGU Polanica Zdr\u00f3j 100 100 Uzdrowisko Po\u0142czyn Grupa PGU S.A. Po\u0142czyn Zdr\u00f3j 100 100 Uzdrowisko \u015awierad\u00f3w-Czerniawa Sp. z o.o.-Grupa PGU \u015awierad\u00f3w Zdr\u00f3j 99,4 99,4 WMN \"\u0141AB\u0118DY\" S.A. Gliwice 84,98 84,98 WPEC w Legnicy S.A. Legnica 100 100 Zag\u0142\u0119bie Lubin S.A. Lubin 100 100 OOO ZANAM VOSTOK Gaj (Rosja) 100 100 TUW Cuprum Lubin 99,49 100 Procentowy udzia\u0142 Grupy Nazwa jednostki  Siedziba stan na  31.12.2022 stan na  31.12.2021 Grupa Kapita\u0142owa KGHM INTERNATIONAL LTD. KGHM INTERNATIONAL LTD. Kanada 100 100 KGHM AJAX MINING INC. Kanada 80 80 Sugarloaf Ranches Ltd. Kanada 80 80 KGHMI HOLDINGS LTD. Kanada 100 100 Quadra FNX Holdings Chile Limitada Chile 100 100 Aguas de la Sierra Limitada Chile 100 100 Quadra FNX FFI S.\u00e0 r.l. Luksemburg 100 100 Robinson Holdings (USA) Ltd. USA 100 100 Wendover Bulk Transhipment Company USA 100 100 Robins on Nevada Mining Company USA 100 100 Carlota Holdings Company USA 100 100 Carlota Copper Company USA 100 100 FNX Mining Company Inc. Kanada 100 100 DMC Mining Services Ltd. Kanada 100 100 Quadra FNX Holdings Partnership Kanada 100 100 DMC Mining Services Mexico, S.A. de C.V. (dawniej Raise Boring Mining Services, S.A. de C.V.) Meksyk 100 100 FNX Mining Company USA Inc. USA 100 100 DMC Mining Services Corporation USA 100 100 Centenario Holdings Ltd. Kanada 100 100 Minera Carrizalillo SpA Chile 100 100 KGHM Chile SpA Chile 100 100 FRANKE HOLDINGS LTD. Kanada 100 100 Sociedad Contractual Minera Franke Chile - 100 0899196 B.C. Ltd. Kanada 100 100 DMC Mining Services (UK) Ltd. Wielka Brytania 100 100 DMC Mining Services Colombia SAS Kolumbia 100 100 DMC Mining Services Chile SpA Chile 100 100 Zmiany w strukturze organizacyjnej Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. W zwi\u0105zku z realizowanym w II po\u0142owie 2022 r. procesem reorganizacji w ramach Grupy Kapita\u0142owej, w zakresie sp\u00f3\u0142ek portfelowych Funduszu KGHM VII FIZAN, wyst\u0105pi\u0142y nast\u0119puj\u0105ce zdarzenia: \u2022  20  lipca  2022  r.  Nadzwyczajne  Zgromadzenie  Wsp\u00f3lnik\u00f3w  sp\u00f3\u0142ki  bezpo\u015brednio  zale\u017cnej  CUPRUM  Nieruchomo\u015bci  sp. z o.o. podwy\u017cszy\u0142o kapita\u0142 zak\u0142adowy tego podmiotu o kwot\u0119 368 mln PLN. Wszystkie udzia\u0142y w podwy\u017cszonym kapitale  obj\u0119\u0142a  KGHM  Polska  Mied\u017a  S.A.  Jednocze\u015bnie  dokonano  zmiany  firmy  sp\u00f3\u0142ki  z  CUPRUM  Nieruchomo\u015bci sp. z o.o. na CUPRUM Zdrowie sp. z o.o.;  \u2022   w dniach od 27 lipca do 1 sierpnia 2022 r. przeprowadzono transakcje zbycia przez KGHM VII FIZAN na rzecz sp\u00f3\u0142ki CUPRUM Nieruchomo\u015bci sp. z o.o., akcji i udzia\u0142\u00f3w wszystkich sp\u00f3\u0142ek portfelowych Funduszu, w tym czterech sp\u00f3\u0142ek uzdrowiskowych: Uzdrowiska K\u0142odzkie S.A.  - Grupa  PGU, Uzdrowisko  Po\u0142czyn Grupa PGU  S.A., Uzdrowisko  Cieplice  Sp. z o.o. - Grupa PGU, Uzdrowisko \u015awierad\u00f3w - Czerniawa Sp. z o.o. \u2013 Grupa PGU; \u2022  po  reorganizacji  KGHM  VII  FIZAN  wykupi\u0142  od  KGHM  Polska  Mied\u017a  S.A.,  na  \u017c\u0105danie  Jednostki  Dominuj\u0105cej,  100  % Certyfikat\u00f3w Inwestycyjnych Funduszu za kwot\u0119 367 mln PLN, w dniu 22 listopada 2022 r. nast\u0105pi\u0142a likwidacja KGHM VII FIZAN. Schemat Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. na dzie\u0144 31 grudnia 2022 r. Jednostka Dominuj\u0105ca KGHM Polska Mied\u017a S.A. PeBeKa S.A. 100% KGHM CUPRUM sp. z o.o. \u2013 CBR 100% Zag\u0142\u0119bie Lubin S.A. 100% KGHM TFI S.A. 100% \u201eMIEDZIOWE CENTRUM ZDROWIA\u201d S.A. 100% CBJ sp. z o.o. 100% INOVA Sp\u00f3\u0142ka z o.o. 100% KGHM ZANAM S.A. 100% KGHM (SHANGHAI) COPPER TRADING CO., LTD. 100% \u201eEnergetyka\u201d sp. z o.o. 100% WPEC w Legnicy S.A. 100% POL-MIED\u0179 TRANS Sp. z o.o. 100% MERCUS Logistyka sp. z o.o. 100% PHU \u201eLubinpex\u201d Sp. z o.o. 100% BIPROMET S.A. 100% NITROERG S.A. 87,12% CENTROZ\u0141OM WROC\u0141AW S.A. 100% WMN \u201e\u0141AB\u0118DY\u201d S.A. 84,98% KGHM Metraco S.A. 100% Fundusz Hotele 01 Sp. z o.o. 100% Fundusz Hotele 01 Sp. z o.o. S.K.A. 100% Polska Grupa Uzdrowisk Sp. z o.o. 100% Uzdrowiska K\u0142odzkie S.A. \u2013 Grupa PGU 100% Uzdrowisko Po\u0142czyn Grupa PGU S.A. 100% Uzdrowisko Cieplice Sp. z o.o. \u2013 Grupa PGU 98,85% Uzdrowisko \u015awierad\u00f3w-Czerniawa Sp. z o.o. \u2013 Grupa PGU 99,40% Future 1 Sp\u00f3\u0142ka z o.o. 100% (ci\u0105g dalszy na nast\u0119pnej stronie) NITROERG SERWIS Sp. z o.o 87,12% CUPRUM Zdrowie sp. z o.o. 100% CUPRUM Development sp. z o.o. 100% PMT Linie Kolejowe Sp. z o.o. 100% KGHM Centrum Analityki Sp\u00f3\u0142ka z o.o. 100% Future 3 Sp\u00f3\u0142ka z o.o. 100% Future 4 Sp\u00f3\u0142ka z o.o. 100% Future 5 Sp\u00f3\u0142ka z o.o. 100% OOO ZANAM VOSTOK 100% TUW Cuprum * 99,49% * Jednostka wy\u0142\u0105czona z konsolidacji z uwagi na nieistotny wp\u0142yw na skonsolidowane sprawozdanie finansowe.Future 1 Sp\u00f3\u0142ka z o.o. 100% KGHM INTERNATIONAL LTD. 100% FNX Mining Company Inc. 100% 0899196 B.C. Ltd. 100% CENTENARIO HOLDINGS LTD. 100% Minera Carrizalillo SpA 100% KGHM Chile SpA 100% FRANKE HOLDINGS LTD. 100% DMC Mining Services Ltd. 100% Quadra FNX Holdings Partnership 100% DMC Mining Services Mexico, S.A. de C.V. 100% FNX Mining Company USA Inc. 100% DMC Mining Services Corporation 100% Robinson Holdings (USA) Ltd. 100% Wendover Bulk Transhipment Company 100% Robinson Nevada Mining Company 100% Carlota Holdings Company 100% Carlota Copper Company 100% KGHMI HOLDINGS LTD. 100% Quadra FNX Holdings Chile Limitada 100% Aguas de la Sierra Limitada 100% Quadra FNX FFI S.\u00e1 r.l. 100% KGHM AJAX MINING INC. 80% Sugarloaf Ranches Ltd. 80% KGHM Kupfer AG 100% DMC Mining Services Colombia SAS 100% DMC Mining Services (UK) Ltd. 100% DMC Mining Services Chile SpA 100% ",
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  "fact-427": {
   "value": "obj\u0119\u0142a  skonsolidowanym sprawozdaniem finansowym  63  jednostki zale\u017cne Nota 12.11 Sk\u0142ad Grupy Kapita\u0142owej Procentowy udzia\u0142 Grupy Nazwa jednostki  Siedziba stan na  31.12.2022 stan na  31.12.2021 BIPROMET S.A. Katowice 100 100 CBJ sp. z o.o. Lubin 100 100 CENTROZ\u0141OM WROC\u0141AW S.A. Wroc\u0142aw 100 100 CUPRUM Zdrowie sp. z o.o. (dawniej CUPRUM Nieruchomo\u015bci sp. z o.o.) Wroc\u0142aw 100 100 \"Energetyka\" sp. z o.o. Lubin 100 100 Fundusz Hotele 01 Sp. z o.o. Wroc\u0142aw 100 100 Fundusz Hotele 01 Sp. z o.o. S.K.A. Wroc\u0142aw 100 100 INOVA Sp\u00f3\u0142ka z o.o. Lubin 100 100 INTERFERIE  S.A. Legnica - 69,71 Interferie Medical SPA Sp. z o.o. Legnica - 90,12 KGHM CUPRUM  sp. z o.o. - CBR Wroc\u0142aw 100 100 CUPRUM Development sp. z o.o. Wroc\u0142aw 100 100 KGHM Kupfer AG Wei\u00dfwasser 100 100 KGHM VII FIZAN Wroc\u0142aw - 100 KGHM Metraco S.A. Legnica 100 100 KGHM (SHANGHAI) COPPER TRADING CO., LTD. Shanghai 100 100 KGHM TFI S.A. Wroc\u0142aw 100 100 KGHM ZANAM S.A. Polkowice 100 100 \"MIEDZIOWE CENTRUM ZDROWIA\" S.A. Lubin 100 100 NITROERG S.A. Bieru\u0144 87,12 87,12 NITROERG SERWIS Sp. z o.o. Wilk\u00f3w 87,12 87,12 PeBeKa S.A. Lubin 100 100 MERCUS Logistyka sp. z o.o. Polkowice 100 100 PHU \"Lubinpex\" Sp. z o.o. Lubin 100 100 Future 1 Sp. z o.o. Lubin 100 100 KGHM Centrum Analityki Sp. z o.o. Lubin 100 100 Future 3 Sp. z o.o. Lubin 100 100 Future 4 Sp. z o.o. Lubin 100 100 Future 5 Sp. z o.o. Lubin 100 100 Future 7 Sp. z o.o. w likwidacji Lubin - 100 PMT Linie Kolejowe Sp. z o.o. Owczary 100 100 POL- MIED\u0179 TRANS  Sp. z o.o. Lubin 100 100 Polska Grupa Uzdrowisk Sp. z o.o. Wroc\u0142aw 100 100 Uzdrowisko Cieplice Sp. z o.o.- Grupa PGU Jelenia G\u00f3ra 98,85 98,85 Uzdrowiska K\u0142odzkie S.A. - Grupa PGU Polanica Zdr\u00f3j 100 100 Uzdrowisko Po\u0142czyn Grupa PGU S.A. Po\u0142czyn Zdr\u00f3j 100 100 Uzdrowisko \u015awierad\u00f3w-Czerniawa Sp. z o.o.-Grupa PGU \u015awierad\u00f3w Zdr\u00f3j 99,4 99,4 WMN \"\u0141AB\u0118DY\" S.A. Gliwice 84,98 84,98 WPEC w Legnicy S.A. Legnica 100 100 Zag\u0142\u0119bie Lubin S.A. Lubin 100 100 OOO ZANAM VOSTOK Gaj (Rosja) 100 100 TUW Cuprum Lubin 99,49 100 Procentowy udzia\u0142 Grupy Nazwa jednostki  Siedziba stan na  31.12.2022 stan na  31.12.2021 Grupa Kapita\u0142owa KGHM INTERNATIONAL LTD. KGHM INTERNATIONAL LTD. Kanada 100 100 KGHM AJAX MINING INC. Kanada 80 80 Sugarloaf Ranches Ltd. Kanada 80 80 KGHMI HOLDINGS LTD. Kanada 100 100 Quadra FNX Holdings Chile Limitada Chile 100 100 Aguas de la Sierra Limitada Chile 100 100 Quadra FNX FFI S.\u00e0 r.l. Luksemburg 100 100 Robinson Holdings (USA) Ltd. USA 100 100 Wendover Bulk Transhipment Company USA 100 100 Robins on Nevada Mining Company USA 100 100 Carlota Holdings Company USA 100 100 Carlota Copper Company USA 100 100 FNX Mining Company Inc. Kanada 100 100 DMC Mining Services Ltd. Kanada 100 100 Quadra FNX Holdings Partnership Kanada 100 100 DMC Mining Services Mexico, S.A. de C.V. (dawniej Raise Boring Mining Services, S.A. de C.V.) Meksyk 100 100 FNX Mining Company USA Inc. USA 100 100 DMC Mining Services Corporation USA 100 100 Centenario Holdings Ltd. Kanada 100 100 Minera Carrizalillo SpA Chile 100 100 KGHM Chile SpA Chile 100 100 FRANKE HOLDINGS LTD. Kanada 100 100 Sociedad Contractual Minera Franke Chile - 100 0899196 B.C. Ltd. Kanada 100 100 DMC Mining Services (UK) Ltd. Wielka Brytania 100 100 DMC Mining Services Colombia SAS Kolumbia 100 100 DMC Mining Services Chile SpA Chile 100 100 Zmiany w strukturze organizacyjnej Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. W zwi\u0105zku z realizowanym w II po\u0142owie 2022 r. procesem reorganizacji w ramach Grupy Kapita\u0142owej, w zakresie sp\u00f3\u0142ek portfelowych Funduszu KGHM VII FIZAN, wyst\u0105pi\u0142y nast\u0119puj\u0105ce zdarzenia: \u2022  20  lipca  2022  r.  Nadzwyczajne  Zgromadzenie  Wsp\u00f3lnik\u00f3w  sp\u00f3\u0142ki  bezpo\u015brednio  zale\u017cnej  CUPRUM  Nieruchomo\u015bci  sp. z o.o. podwy\u017cszy\u0142o kapita\u0142 zak\u0142adowy tego podmiotu o kwot\u0119 368 mln PLN. Wszystkie udzia\u0142y w podwy\u017cszonym kapitale  obj\u0119\u0142a  KGHM  Polska  Mied\u017a  S.A.  Jednocze\u015bnie  dokonano  zmiany  firmy  sp\u00f3\u0142ki  z  CUPRUM  Nieruchomo\u015bci sp. z o.o. na CUPRUM Zdrowie sp. z o.o.;  \u2022   w dniach od 27 lipca do 1 sierpnia 2022 r. przeprowadzono transakcje zbycia przez KGHM VII FIZAN na rzecz sp\u00f3\u0142ki CUPRUM Nieruchomo\u015bci sp. z o.o., akcji i udzia\u0142\u00f3w wszystkich sp\u00f3\u0142ek portfelowych Funduszu, w tym czterech sp\u00f3\u0142ek uzdrowiskowych: Uzdrowiska K\u0142odzkie S.A.  - Grupa  PGU, Uzdrowisko  Po\u0142czyn Grupa PGU  S.A., Uzdrowisko  Cieplice  Sp. z o.o. - Grupa PGU, Uzdrowisko \u015awierad\u00f3w - Czerniawa Sp. z o.o. \u2013 Grupa PGU; \u2022  po  reorganizacji  KGHM  VII  FIZAN  wykupi\u0142  od  KGHM  Polska  Mied\u017a  S.A.,  na  \u017c\u0105danie  Jednostki  Dominuj\u0105cej,  100  % Certyfikat\u00f3w Inwestycyjnych Funduszu za kwot\u0119 367 mln PLN, w dniu 22 listopada 2022 r. nast\u0105pi\u0142a likwidacja KGHM VII FIZAN. Schemat Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. na dzie\u0144 31 grudnia 2022 r. Jednostka Dominuj\u0105ca KGHM Polska Mied\u017a S.A. PeBeKa S.A. 100% KGHM CUPRUM sp. z o.o. \u2013 CBR 100% Zag\u0142\u0119bie Lubin S.A. 100% KGHM TFI S.A. 100% \u201eMIEDZIOWE CENTRUM ZDROWIA\u201d S.A. 100% CBJ sp. z o.o. 100% INOVA Sp\u00f3\u0142ka z o.o. 100% KGHM ZANAM S.A. 100% KGHM (SHANGHAI) COPPER TRADING CO., LTD. 100% \u201eEnergetyka\u201d sp. z o.o. 100% WPEC w Legnicy S.A. 100% POL-MIED\u0179 TRANS Sp. z o.o. 100% MERCUS Logistyka sp. z o.o. 100% PHU \u201eLubinpex\u201d Sp. z o.o. 100% BIPROMET S.A. 100% NITROERG S.A. 87,12% CENTROZ\u0141OM WROC\u0141AW S.A. 100% WMN \u201e\u0141AB\u0118DY\u201d S.A. 84,98% KGHM Metraco S.A. 100% Fundusz Hotele 01 Sp. z o.o. 100% Fundusz Hotele 01 Sp. z o.o. S.K.A. 100% Polska Grupa Uzdrowisk Sp. z o.o. 100% Uzdrowiska K\u0142odzkie S.A. \u2013 Grupa PGU 100% Uzdrowisko Po\u0142czyn Grupa PGU S.A. 100% Uzdrowisko Cieplice Sp. z o.o. \u2013 Grupa PGU 98,85% Uzdrowisko \u015awierad\u00f3w-Czerniawa Sp. z o.o. \u2013 Grupa PGU 99,40% Future 1 Sp\u00f3\u0142ka z o.o. 100% (ci\u0105g dalszy na nast\u0119pnej stronie) NITROERG SERWIS Sp. z o.o 87,12% CUPRUM Zdrowie sp. z o.o. 100% CUPRUM Development sp. z o.o. 100% PMT Linie Kolejowe Sp. z o.o. 100% KGHM Centrum Analityki Sp\u00f3\u0142ka z o.o. 100% Future 3 Sp\u00f3\u0142ka z o.o. 100% Future 4 Sp\u00f3\u0142ka z o.o. 100% Future 5 Sp\u00f3\u0142ka z o.o. 100% OOO ZANAM VOSTOK 100% TUW Cuprum * 99,49% * Jednostka wy\u0142\u0105czona z konsolidacji z uwagi na nieistotny wp\u0142yw na skonsolidowane sprawozdanie finansowe.Future 1 Sp\u00f3\u0142ka z o.o. 100% KGHM INTERNATIONAL LTD. 100% FNX Mining Company Inc. 100% 0899196 B.C. Ltd. 100% CENTENARIO HOLDINGS LTD. 100% Minera Carrizalillo SpA 100% KGHM Chile SpA 100% FRANKE HOLDINGS LTD. 100% DMC Mining Services Ltd. 100% Quadra FNX Holdings Partnership 100% DMC Mining Services Mexico, S.A. de C.V. 100% FNX Mining Company USA Inc. 100% DMC Mining Services Corporation 100% Robinson Holdings (USA) Ltd. 100% Wendover Bulk Transhipment Company 100% Robinson Nevada Mining Company 100% Carlota Holdings Company 100% Carlota Copper Company 100% KGHMI HOLDINGS LTD. 100% Quadra FNX Holdings Chile Limitada 100% Aguas de la Sierra Limitada 100% Quadra FNX FFI S.\u00e1 r.l. 100% KGHM AJAX MINING INC. 80% Sugarloaf Ranches Ltd. 80% KGHM Kupfer AG 100% DMC Mining Services Colombia SAS 100% DMC Mining Services (UK) Ltd. 100% DMC Mining Services Chile SpA 100% ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInSubsidiariesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "zale\u017cne  oraz wyceni\u0142a metod\u0105 praw w\u0142asno\u015bci udzia\u0142y w dw\u00f3ch wsp\u00f3lnych przedsi\u0119wzi\u0119ciach (Sierra Gorda S.C.M. i NANO CARBON Sp. z o.o. w likwidacji). Cz\u0119\u015b\u0107 6 \u2013 Zaanga\u017cowanie we wsp\u00f3lne przedsi\u0119wzi\u0119cia Zasady rachunkowo\u015bci Pozycja zaanga\u017cowanie  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  obejmuje:  inwestycje  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  wyceniane metod\u0105 praw w\u0142asno\u015bci oraz po\u017cyczki udzielone wsp\u00f3lnym przedsi\u0119wzi\u0119ciom. Grupa  kwalifikuje  do  inwestycji  wycenianych  metod\u0105  praw  w\u0142asno\u015bci  udzia\u0142y  we  wsp\u00f3lnych  przedsi\u0119wzi\u0119ciach b\u0119d\u0105cych wsp\u00f3lnymi ustaleniami umownymi, w kt\u00f3rych strony sprawuj\u0105ce wsp\u00f3\u0142kontrol\u0119 maj\u0105 prawa do  aktyw\u00f3w netto  tej  jednostki.  Wsp\u00f3\u0142kontrola  wyst\u0119puje  w\u00f3wczas,  gdy  decyzje  dotycz\u0105ce  istotnej  dzia\u0142alno\u015bci  wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 wymagaj\u0105 jednomy\u015blnej zgody stron wsp\u00f3\u0142kontroluj\u0105cych.  Inwestycje te pocz\u0105tkowo ujmuje si\u0119 wed\u0142ug ceny nabycia. Udzia\u0142 Grupy w zysku lub stracie jednostek wycenianych metod\u0105 praw w\u0142asno\u015bci (ustalony z uwzgl\u0119dnieniem wp\u0142ywu wycen do warto\u015bci godziwej z dnia nabycia inwestycji) od dnia  nabycia  ujmuje  si\u0119  w  wyniku  finansowym,  za\u015b  jej  udzia\u0142  w  zmianach  stanu  zakumulowanych  pozosta\u0142ych ca\u0142kowitych dochod\u00f3w od dnia nabycia w odpowiedniej pozycji zakumulowanych ca\u0142kowitych dochod\u00f3w.  Niezrealizowane zyski i straty z tytu\u0142u transakcji pomi\u0119dzy inwestorem a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem s\u0105 eliminowane w  kwocie  odpowiadaj\u0105cej  udzia\u0142owi  inwestora  w  tych  zyskach/(stratach)  w  korespondencji  z  warto\u015bci\u0105  bilansow\u0105 udzia\u0142u  Grupy  w  tej  jednostce.  W  sytuacji,  gdy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  udzia\u0142  Grupy w niezrealizowanym  zysku  na  transakcjach  pomi\u0119dzy  Grup\u0105  a  wsp\u00f3lnym  przedsi\u0119wzi\u0119ciem  przekracza  warto\u015b\u0107 bilansow\u0105 inwestycji w t\u0119 jednostk\u0119, udzia\u0142 Grupy w tych zyskach podlega eliminacji do poziomu bilansowego udzia\u0142u Grupy w tej jednostce. Eliminacji niezrealizowanych zysk\u00f3w w proporcji do udzia\u0142\u00f3w Grupy, nierozliczonych w okresie, w  kt\u00f3rym  nast\u0105pi\u0142a  transakcja,  dokonuje  si\u0119  w  kolejnych  okresach  sprawozdawczych  w  momencie,  gdy  warto\u015b\u0107 bilansowa udzia\u0142u Grupy w tej jednostce osi\u0105gnie warto\u015b\u0107 powy\u017cej zera. Inwestycja  testowana  jest  na  utrat\u0119  warto\u015bci  w  przypadku  wyst\u0105pienia  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107 wyst\u0105pienia utraty warto\u015bci poprzez wyliczenie warto\u015bci odzyskiwalnej. Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Istnienie wsp\u00f3\u0142kontroli Grupa Kapita\u0142owa kwalifikuje jako wsp\u00f3lne przedsi\u0119wzi\u0119cie zgodnie z MSSF 11 sp\u00f3\u0142k\u0119 Sierra Gorda S.C.M. z siedzib\u0105 w Chile,  w  kt\u00f3rej  udzia\u0142  kapita\u0142owy  KGHM  INTERNATIONAL  LTD.  wynosi  55%.  Kwalifikacji  Sierra  Gorda  S.C.M. do kategorii  wsp\u00f3lnych  przedsi\u0119wzi\u0119\u0107,  mimo  55%  udzia\u0142u  Grupy  Kapita\u0142owej,  dokonano  na  podstawie  analizy warunk\u00f3w porozumie\u0144 pomi\u0119dzy stronami oraz ustale\u0144 umownych, kt\u00f3re wskaza\u0142y na sprawowanie wsp\u00f3\u0142kontroli. Zgodnie z warunkami porozumie\u0144 wszystkie istotne dzia\u0142ania Sierra Gorda S.C.M. wymagaj\u0105 jednomy\u015blnej zgody obu w\u0142a\u015bcicieli.  W powo\u0142ywanej  Radzie  w\u0142a\u015bcicieli  Grupa  oraz  pozostali  w\u0142a\u015bciciele  maj\u0105  po  trzech  cz\u0142onk\u00f3w.  Rada w\u0142a\u015bcicieli  podejmuje  decyzje  strategiczne  i sprawuje  nadz\u00f3r  nad  ich  wykonaniem.  Zatwierdza  r\u00f3wnie\u017c  sk\u0142ad najwy\u017cszej kadry menad\u017cerskiej. W okresie sprawozdawczym nie uleg\u0142y zmianie postanowienia, kt\u00f3re by\u0142y podstaw\u0105 kwalifikacji inwestycji do kategorii wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107. Zgodnie z os\u0105dem Grupy, po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. nie spe\u0142niaj\u0105 kryteri\u00f3w uznania  za  inwestycj\u0119  netto  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczek  jest  planowane i prawdopodobne w daj\u0105cej si\u0119 przewidzie\u0107 przysz\u0142o\u015bci. Nota 6.1 Wsp\u00f3lne przedsi\u0119wzi\u0119cia wyceniane metod\u0105 praw w\u0142asno\u015bci W  okresie  sprawozdawczym  nast\u0105pi\u0142a  zmiana  partnera  Grupy  Kapita\u0142owej  KGHM  Polska  Mied\u017a  S.A.  we  wsp\u00f3lnym przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. W dniu 22 lutego 2022 r. zako\u0144czy\u0142a si\u0119 transakcja sprzeda\u017cy 45% udzia\u0142\u00f3w w Sierra Gorda S.C.M. przez Sumitomo Metal Mining Co., Ltd. oraz Sumitomo Corporation do South32 Limited, australijskiej grupy g\u00f3rniczej  z  siedzib\u0105  w Perth.  Transakcja  zosta\u0142a przeprowadzona  na  podstawie  um\u00f3w  sprzeda\u017cy  zawartych  w  dniu 14 pa\u017adziernika 2021 r.  Cena  nabycia  zawiera  kwot\u0119  1 408  mln  USD,  p\u0142atn\u0105  w  dniu  zawarcia  transakcji  oraz  500  mln  USD,  uzale\u017cnion\u0105  od kszta\u0142towania si\u0119 cen miedzi w latach 2022 \u2013 2025. Nowy partner Grupy to globalnie zdywersyfikowana firma wydobywcza i metalurgiczna posiadaj\u0105ca zak\u0142ady produkcyjne w Australii, Afryce Po\u0142udniowej i Ameryce Po\u0142udniowej. Firma wytwarza m.in. aluminium, w\u0119giel hutniczy, mangan, nikiel, srebro, o\u0142\u00f3w i cynk. Na dzie\u0144 31 grudnia 2022 r. \u017cadna z um\u00f3w reguluj\u0105cych wsp\u00f3\u0142prac\u0119 partner\u00f3w JV w przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. nie zosta\u0142a  zmodyfikowana.  Ze  sp\u00f3\u0142kami  Sumitomo  Metal  Mining  Co.,  Ltd.  oraz  Sumitomo  Corporation  Sierra  Gorda S.C.M. mia\u0142a podpisan\u0105 umow\u0119 off-take, zgodnie z kt\u00f3r\u0105 przys\u0142uguje im prawo odbioru 50% koncentratu miedzi. Prawo odbioru 50% koncentratu miedzi nie obowi\u0105zuje w odniesieniu do South32 Limited. Warto\u015b\u0107 inwestycji w skonsolidowanym  sprawozdaniu z sytuacji finansowej  2022     2021 Stan na 1 stycznia - - Udzia\u0142 w zysku netto za okres obrotowy  239 3 178 Rozliczenie udzia\u0142u Grupy w nierozliczonych stratach z lat ubieg\u0142ych (skumulowanych ujemnych ca\u0142kowitych dochodach) ( 183) (2 920) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie funkcjonalnej innej ni\u017c PLN  ( 56) ( 258) Stan na 31 grudnia - - od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Udzia\u0142 Grupy (55%) w zysku netto Sierra Gorda S.C.M. za okres obrotowy uj\u0119ty  w wycenie wsp\u00f3lnego przedsi\u0119wzi\u0119cia    239 3 178 Nieuj\u0119ty udzia\u0142 Grupy w stratach Sierra Gorda S.C.M.   2022     2021 Stan na 1 stycznia (1 283) (4 203) Rozliczenie udzia\u0142u Grupy w nierozliczonych stratach z lat ubieg\u0142ych (skumulowanych ujemnych ca\u0142kowitych dochodach)  183 2 920 Nieuj\u0119ta korekta z tytu\u0142u zysk\u00f3w niezrealizowanych na transakcji pomi\u0119dzy Grup\u0105 a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem (zbycie projektu Oxide, szczeg\u00f3\u0142y Nota 9.8.3)   ( 74) - Stan na 31 grudnia (1 174) (1 283) Na  dzie\u0144  31  grudnia  2022  r.  udzia\u0142  Grupy  KGHM  Polska  Mied\u017a  S.A.  w  nierozliczonych  skumulowanych  stratach  Sierra Gorda S.C.M. wynosi 1 174 mln PLN (362 mln USD), na dzie\u0144 31 grudnia 2021 r. 1 283 mln PLN (389 mln USD). Grupa zaprzesta\u0142a  ujmowania  swojego  udzia\u0142u  w  stratach  Sierra  Gorda  S.C.M.  w  momencie,  gdy  warto\u015b\u0107  tego  udzia\u0142u przekroczy\u0142a warto\u015b\u0107 bilansow\u0105 udzia\u0142u w inwestycji w Sierra Gorda S.C.M. Uj\u0119cie udzia\u0142u Grupy w stratach Sierra Gorda S.C.M. spowodowa\u0142o, \u017ce warto\u015b\u0107 bilansowa udzia\u0142\u00f3w w Sierra Gorda S.C.M. r\u00f3wna jest 0 PLN. Po zredukowaniu udzia\u0142u do warto\u015bci zerowej Grupa przeprowadzi\u0142a analiz\u0119 w zakresie istnienia prawnego lub zwyczajowo oczekiwanego obowi\u0105zku dokonania p\u0142atno\u015bci w imieniu Sierra Gorda S.C.M., co rodzi\u0142oby obowi\u0105zek ujmowania przez Grup\u0119 zobowi\u0105zania z tego tytu\u0142u.  Na  podstawie  wynik\u00f3w  przeprowadzonych  analiz  Grupa  nie  identyfikuje  istnienia  prawnego  lub  oczekiwanego obowi\u0105zku dokonania p\u0142atno\u015bci w imieniu Sierra Gorda S.C.M., o kt\u00f3rym mowa w MSR 28.39.   Grupa  przeprowadzi\u0142a  r\u00f3wnie\u017c  analiz\u0119  warunk\u00f3w  udzielonej  Sierra  Gorda  S.C.M.  gwarancji  ustanowionej  jako zabezpieczenie sp\u0142aty transzy kredytu, kt\u00f3ra spe\u0142nia definicj\u0119 gwarancji finansowej zgodnie z MSSF 9. Szczeg\u00f3\u0142y dotycz\u0105ce udzielonych Sierra Gorda S.C.M. gwarancji opisane zosta\u0142y w Nocie 8.6.  Skr\u00f3cone dane finansowe dotycz\u0105ce Sierra Gorda S.C.M. przedstawiono w tabeli poni\u017cej Stan na 31.12.2022  Stan na 31.12.2021 Aktywa trwa\u0142e   22 052 19 848 Aktywa obrotowe, w tym:   2 608 2 393 \u015arodki pieni\u0119\u017cne i ekwiwalenty \u015brodk\u00f3w pieni\u0119\u017cnych    377 776 Zobowi\u0105zania d\u0142ugoterminowe, w tym:   23 751 21 768 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek bankowych i leasingu   2 242 1 713 Zobowi\u0105zania z tytu\u0142u po\u017cyczek od podmiot\u00f3w wsp\u00f3\u0142kontroluj\u0105cych 20 891 19 531 Zobowi\u0105zania kr\u00f3tkoterminowe, w tym:   1 689 1 585 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek bankowych i leasingu    63 106 Warto\u015b\u0107 bilansowa aktyw\u00f3w netto (z uwzgl\u0119dnieniem wycen  do warto\u015bci godziwej z dnia obj\u0119cia wsp\u00f3\u0142kontroli) ( 780) (1 112) Udzia\u0142 Grupy Kapita\u0142owej w warto\u015bci aktyw\u00f3w netto (55%)   ( 429) ( 612) \u0141\u0105czne skumulowane nieuj\u0119te udzia\u0142y w stracie Sierra Gorda S.C.M. (ujemne skumulowane ca\u0142kowite dochody) 1 174 1 283 Saldo odpisu z tytu\u0142y utraty warto\u015bci udzia\u0142\u00f3w Sierra Gorda S.C.M.   ( 671) ( 671) Nieuj\u0119ta korekta z tytu\u0142u zysk\u00f3w niezrealizowanych na transakcji pomi\u0119dzy Grup\u0105 a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem (zbycie projektu Oxide) ( 74) - Warto\u015b\u0107 inwestycji w skonsolidowanym sprawozdaniu  z sytuacji finansowej - - od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Przychody z um\u00f3w z klientami 7 225 8 335 Amortyzacja (1 704) (1 413) Odwr\u00f3cenie odpisu z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych - 4 799 Koszty z tytu\u0142u odsetek (1 440) (1 349) Inne przychody/(koszty) (3 325) (2 670) Zysk brutto  756 7 702   Podatek dochodowy ( 321) (1 924) Zysk netto  435 5 778 R\u00f3\u017cnice kursowe z przeliczenia aktyw\u00f3w netto Sierra Gorda S.C.M. na walut\u0119 prezentacji w PLN    ( 103) ( 469) \u0141\u0105czne ca\u0142kowite dochody  332 5 309 Pozosta\u0142e informacje dot. udzia\u0142u Grupy Kapita\u0142owej w przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. Stan na 31.12.2022 Stan na 31.12.2021 Udzia\u0142 Grupy w umownych zobowi\u0105zaniach (inwestycyjnych i operacyjnych) 7 153 5 865 Udzia\u0142 Grupy w \u0142\u0105cznej kwocie przysz\u0142ych op\u0142at leasingowych brutto  z tytu\u0142u um\u00f3w leasingu sprz\u0119tu g\u00f3rniczego  459 495 Nota 8.6 Gwarancje udzielone przez Grup\u0119    969 670 2022 55    2022     2021 Stan na 1 stycznia   8 314 6 069 Sp\u0142ata po\u017cyczek (kapita\u0142 i odsetki)   ( 789) (1 259) Naliczone odsetki    582 494 Nota 4.4 Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci     873 2 380 R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek   o walucie funkcjonalnej innej ni\u017c PLN    623 630 Stan na 31 grudnia   9 603 8 314 Udzielona Sierra Gorda S.C.M. po\u017cyczka oprocentowana jest sta\u0142\u0105 stop\u0105 procentow\u0105 w wysoko\u015bci 8%. Na dzie\u0144 31 grudnia 2022 r. Grupa oszacowa\u0142a przewidywane przep\u0142ywy z tytu\u0142u sp\u0142aty nale\u017cno\u015bci z tytu\u0142u udzielonych po\u017cyczek Sierra Gorda S.C.M., w wyniku czego dokonano odwr\u00f3cenia odpisu z tytu\u0142u utraty warto\u015bci w kwocie 873 mln PLN (w I p\u00f3\u0142roczu 2022r. uj\u0119to odwr\u00f3cenie odpisu w kwocie 783 mln PLN, w II p\u00f3\u0142roczu 2022 r. w kwocie 90 mln PLN). W okresie por\u00f3wnywalnym dokonano odwr\u00f3cenia odpisu w kwocie 2 380 mln PLN.  Za\u0142o\u017cenia  przyj\u0119te  do  szacunku  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  Sierra  Gorda  S.C.M.  (notowania  cen  metali  oraz  pozosta\u0142e kluczowe za\u0142o\u017cenia) przedstawione zosta\u0142y poni\u017cej:  Podstawowe za\u0142o\u017cenia makroekonomiczne przyj\u0119te w szacowaniu przep\u0142yw\u00f3w pieni\u0119\u017cnych \u2013 notowania cen miedzi i z\u0142ota \u015acie\u017cki cenowe zosta\u0142y przyj\u0119te uwzgl\u0119dniaj\u0105c aktualne prognozy rynkowe: Okres 2023 2024 2025 2026 2027 LT Cena miedzi [USD/t] 8 2008 5008 5008 5008 5007 700Cena z\u0142ota [USD/oz] 1 7501 7501 7001 6001 5501 500Pozosta\u0142e kluczowe za\u0142o\u017cenia dla szacunku przep\u0142yw\u00f3w pieni\u0119\u017cnych  Okres \u017cycia kopalni / okres prognozy 26 Poziom produkcji miedzi w okresie \u017cycia kopalni  (tys. t) 3 781 Poziom produkcji molibdenu w okresie \u017cycia kopalni (mln funt\u00f3w) 239 Poziom produkcji z\u0142ota w okresie \u017cycia kopalni (tys. oz) 1 151 \u015arednia mar\u017ca operacyjna w okresie \u017cycia kopalni 43,97% Zastosowana stopa dyskonta po opodatkowaniu (wykorzystana do wyliczenia warto\u015bci godziwej dla cel\u00f3w ujawnienia w Nocie 7) 9,75% Poziom nak\u0142ad\u00f3w inwestycyjnych do poniesienia w okresie \u017cycia kopalni (mln USD)  1 573 Nota 6.2 Po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu (Sierra Gorda S.C.M.) Zasady rachunkowo\u015bci  Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Po\u017cyczki  udzielone  Sierra  Gorda  S.C.M.  zosta\u0142y zakwalifikowane  do  aktyw\u00f3w  finansowych  dotkni\u0119tych utrat\u0105 warto\u015bci ze wzgl\u0119du na wysokie ryzyko kredytowe na  moment  pocz\u0105tkowego  uj\u0119cia  (POCI).  Po\u017cyczki  POCI wyceniane  s\u0105  wed\u0142ug  zamortyzowanego  kosztu  przy zastosowaniu  metody  efektywnej  stopy  procentowej skorygowanej  o  ryzyko  kredytowe  przy  wykorzystaniu analizy  scenariuszowej  i  dost\u0119pnych  wolnych  \u015brodk\u00f3w pieni\u0119\u017cnych Sierra Gorda S.C.M. Warunki  sp\u0142aty  po\u017cyczek  udzielonych  na  finansowanie operacji zagranicznych, w  tym przewidywane terminy sp\u0142aty, zosta\u0142y  okre\u015blone  w  poszczeg\u00f3lnych  umowach.  Zgodnie z harmonogramem,  kwota  g\u0142\u00f3wna  i odsetki  p\u0142atne  s\u0105  na \u017c\u0105danie,  nie  p\u00f3\u017aniej  jednak  ni\u017c  do 15 grudnia  2024  r.  Ze wzgl\u0119du na implementacj\u0119 MSSF 9, na dzie\u0144 1 stycznia 2018 r. oszacowano oczekiwan\u0105 niezdyskontowan\u0105 strat\u0119 kredytow\u0105 na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln  USD  przeliczone  kursem  NBP  USD/PLN  3,4813 z dnia 29 grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od sytuacji  finansowej  tej  sp\u00f3\u0142ki.  W  zwi\u0105zku  z  dobr\u0105  sytuacj\u0105 finansow\u0105 w 2021 r. mia\u0142y  miejsce pierwsze  sp\u0142aty w \u0142\u0105cznej kwocie  308 mln  USD  (1  259  mln  PLN).  W  roku  2022  r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej  kwocie  193  mln  USD (789  mln  PLN).  Z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczki  jest planowane  i prawdopodobne  w  daj\u0105cej  si\u0119  przewidzie\u0107 przysz\u0142o\u015bci,  po\u017cyczka  ta  nie  stanowi  inwestycji  netto w rozumieniu MSR 21.15.  Grupa przeprowadzi\u0142a wycen\u0119 po\u017cyczki zgodnie z wymogami MSSF  9.5.5.17.  Dla  oszacowania  oczekiwanych  strat kredytowych  wykorzystano  analiz\u0119  scenariuszow\u0105  (MSSF 9.5.5.18)  obejmuj\u0105c\u0105  za\u0142o\u017cenia  Grupy  odno\u015bnie  sp\u0142acalno\u015bci udzielonej  po\u017cyczki.  Analiz\u0119  scenariuszow\u0105  oparto  o przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda  S.C.M.  oszacowane  w oparciu  o  aktualne  \u015bcie\u017cki  rynkowych  prognoz  cenowych metali,  kt\u00f3re  nast\u0119pnie  zosta\u0142y  zdyskontowane  przy zastosowaniu efektywnej stopy procentowej skorygowanej o ryzyko  kredytowe,  ustalonej  przy  pocz\u0105tkowym  uj\u0119ciu po\u017cyczki zgodnie z MSSF 9.B5.5.45 na poziomie 6,42%. Pozosta\u0142e  istotne  za\u0142o\u017cenia  wykorzystane  przy  wycenie po\u017cyczki dotycz\u0105: \u2022  prawdopodobie\u0144stwa realizacji poszczeg\u00f3lnych scenariuszy wyceny, \u2022  poziomu produkcji, \u2022  poziomu koszt\u00f3w, \u2022  poziomu nak\u0142ad\u00f3w inwestycyjnych, \u2022  finansowania zewn\u0119trznego Sierra Gorda S.C.M., \u2022  formy i poziomu finansowania w\u0142a\u015bcicielskiego Sierra Gorda S.C.M., \u2022  opodatkowania na poziomie Sierra Gorda S.C.M., \u2022  dystrybucji \u015brodk\u00f3w pieni\u0119\u017cnych.  Przysz\u0142a realizacja za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu czynnik\u00f3w makroekonomicznych, operacyjnych, finansowych oraz uzgodnie\u0144 pomi\u0119dzy partnerami JV (analiza wra\u017cliwo\u015bci warto\u015bci bilansowej po\u017cyczki w Nocie 7.5.2.4). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "wyceni\u0142a metod\u0105 praw w\u0142asno\u015bci udzia\u0142y w dw\u00f3ch wsp\u00f3lnych przedsi\u0119wzi\u0119ciach (Sierra Gorda S.C.M. i NANO CARBON Sp. z o.o. w likwidacji). Cz\u0119\u015b\u0107 6 \u2013 Zaanga\u017cowanie we wsp\u00f3lne przedsi\u0119wzi\u0119cia Zasady rachunkowo\u015bci Pozycja zaanga\u017cowanie  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  obejmuje:  inwestycje  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  wyceniane metod\u0105 praw w\u0142asno\u015bci oraz po\u017cyczki udzielone wsp\u00f3lnym przedsi\u0119wzi\u0119ciom. Grupa  kwalifikuje  do  inwestycji  wycenianych  metod\u0105  praw  w\u0142asno\u015bci  udzia\u0142y  we  wsp\u00f3lnych  przedsi\u0119wzi\u0119ciach b\u0119d\u0105cych wsp\u00f3lnymi ustaleniami umownymi, w kt\u00f3rych strony sprawuj\u0105ce wsp\u00f3\u0142kontrol\u0119 maj\u0105 prawa do  aktyw\u00f3w netto  tej  jednostki.  Wsp\u00f3\u0142kontrola  wyst\u0119puje  w\u00f3wczas,  gdy  decyzje  dotycz\u0105ce  istotnej  dzia\u0142alno\u015bci  wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 wymagaj\u0105 jednomy\u015blnej zgody stron wsp\u00f3\u0142kontroluj\u0105cych.  Inwestycje te pocz\u0105tkowo ujmuje si\u0119 wed\u0142ug ceny nabycia. Udzia\u0142 Grupy w zysku lub stracie jednostek wycenianych metod\u0105 praw w\u0142asno\u015bci (ustalony z uwzgl\u0119dnieniem wp\u0142ywu wycen do warto\u015bci godziwej z dnia nabycia inwestycji) od dnia  nabycia  ujmuje  si\u0119  w  wyniku  finansowym,  za\u015b  jej  udzia\u0142  w  zmianach  stanu  zakumulowanych  pozosta\u0142ych ca\u0142kowitych dochod\u00f3w od dnia nabycia w odpowiedniej pozycji zakumulowanych ca\u0142kowitych dochod\u00f3w.  Niezrealizowane zyski i straty z tytu\u0142u transakcji pomi\u0119dzy inwestorem a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem s\u0105 eliminowane w  kwocie  odpowiadaj\u0105cej  udzia\u0142owi  inwestora  w  tych  zyskach/(stratach)  w  korespondencji  z  warto\u015bci\u0105  bilansow\u0105 udzia\u0142u  Grupy  w  tej  jednostce.  W  sytuacji,  gdy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  udzia\u0142  Grupy w niezrealizowanym  zysku  na  transakcjach  pomi\u0119dzy  Grup\u0105  a  wsp\u00f3lnym  przedsi\u0119wzi\u0119ciem  przekracza  warto\u015b\u0107 bilansow\u0105 inwestycji w t\u0119 jednostk\u0119, udzia\u0142 Grupy w tych zyskach podlega eliminacji do poziomu bilansowego udzia\u0142u Grupy w tej jednostce. Eliminacji niezrealizowanych zysk\u00f3w w proporcji do udzia\u0142\u00f3w Grupy, nierozliczonych w okresie, w  kt\u00f3rym  nast\u0105pi\u0142a  transakcja,  dokonuje  si\u0119  w  kolejnych  okresach  sprawozdawczych  w  momencie,  gdy  warto\u015b\u0107 bilansowa udzia\u0142u Grupy w tej jednostce osi\u0105gnie warto\u015b\u0107 powy\u017cej zera. Inwestycja  testowana  jest  na  utrat\u0119  warto\u015bci  w  przypadku  wyst\u0105pienia  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107 wyst\u0105pienia utraty warto\u015bci poprzez wyliczenie warto\u015bci odzyskiwalnej. Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Istnienie wsp\u00f3\u0142kontroli Grupa Kapita\u0142owa kwalifikuje jako wsp\u00f3lne przedsi\u0119wzi\u0119cie zgodnie z MSSF 11 sp\u00f3\u0142k\u0119 Sierra Gorda S.C.M. z siedzib\u0105 w Chile,  w  kt\u00f3rej  udzia\u0142  kapita\u0142owy  KGHM  INTERNATIONAL  LTD.  wynosi  55%.  Kwalifikacji  Sierra  Gorda  S.C.M. do kategorii  wsp\u00f3lnych  przedsi\u0119wzi\u0119\u0107,  mimo  55%  udzia\u0142u  Grupy  Kapita\u0142owej,  dokonano  na  podstawie  analizy warunk\u00f3w porozumie\u0144 pomi\u0119dzy stronami oraz ustale\u0144 umownych, kt\u00f3re wskaza\u0142y na sprawowanie wsp\u00f3\u0142kontroli. Zgodnie z warunkami porozumie\u0144 wszystkie istotne dzia\u0142ania Sierra Gorda S.C.M. wymagaj\u0105 jednomy\u015blnej zgody obu w\u0142a\u015bcicieli.  W powo\u0142ywanej  Radzie  w\u0142a\u015bcicieli  Grupa  oraz  pozostali  w\u0142a\u015bciciele  maj\u0105  po  trzech  cz\u0142onk\u00f3w.  Rada w\u0142a\u015bcicieli  podejmuje  decyzje  strategiczne  i sprawuje  nadz\u00f3r  nad  ich  wykonaniem.  Zatwierdza  r\u00f3wnie\u017c  sk\u0142ad najwy\u017cszej kadry menad\u017cerskiej. W okresie sprawozdawczym nie uleg\u0142y zmianie postanowienia, kt\u00f3re by\u0142y podstaw\u0105 kwalifikacji inwestycji do kategorii wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107. Zgodnie z os\u0105dem Grupy, po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. nie spe\u0142niaj\u0105 kryteri\u00f3w uznania  za  inwestycj\u0119  netto  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczek  jest  planowane i prawdopodobne w daj\u0105cej si\u0119 przewidzie\u0107 przysz\u0142o\u015bci. Nota 6.1 Wsp\u00f3lne przedsi\u0119wzi\u0119cia wyceniane metod\u0105 praw w\u0142asno\u015bci W  okresie  sprawozdawczym  nast\u0105pi\u0142a  zmiana  partnera  Grupy  Kapita\u0142owej  KGHM  Polska  Mied\u017a  S.A.  we  wsp\u00f3lnym przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. W dniu 22 lutego 2022 r. zako\u0144czy\u0142a si\u0119 transakcja sprzeda\u017cy 45% udzia\u0142\u00f3w w Sierra Gorda S.C.M. przez Sumitomo Metal Mining Co., Ltd. oraz Sumitomo Corporation do South32 Limited, australijskiej grupy g\u00f3rniczej  z  siedzib\u0105  w Perth.  Transakcja  zosta\u0142a przeprowadzona  na  podstawie  um\u00f3w  sprzeda\u017cy  zawartych  w  dniu 14 pa\u017adziernika 2021 r.  Cena  nabycia  zawiera  kwot\u0119  1 408  mln  USD,  p\u0142atn\u0105  w  dniu  zawarcia  transakcji  oraz  500  mln  USD,  uzale\u017cnion\u0105  od kszta\u0142towania si\u0119 cen miedzi w latach 2022 \u2013 2025. Nowy partner Grupy to globalnie zdywersyfikowana firma wydobywcza i metalurgiczna posiadaj\u0105ca zak\u0142ady produkcyjne w Australii, Afryce Po\u0142udniowej i Ameryce Po\u0142udniowej. Firma wytwarza m.in. aluminium, w\u0119giel hutniczy, mangan, nikiel, srebro, o\u0142\u00f3w i cynk. Na dzie\u0144 31 grudnia 2022 r. \u017cadna z um\u00f3w reguluj\u0105cych wsp\u00f3\u0142prac\u0119 partner\u00f3w JV w przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. nie zosta\u0142a  zmodyfikowana.  Ze  sp\u00f3\u0142kami  Sumitomo  Metal  Mining  Co.,  Ltd.  oraz  Sumitomo  Corporation  Sierra  Gorda S.C.M. mia\u0142a podpisan\u0105 umow\u0119 off-take, zgodnie z kt\u00f3r\u0105 przys\u0142uguje im prawo odbioru 50% koncentratu miedzi. Prawo odbioru 50% koncentratu miedzi nie obowi\u0105zuje w odniesieniu do South32 Limited. Warto\u015b\u0107 inwestycji w skonsolidowanym  sprawozdaniu z sytuacji finansowej  2022     2021 Stan na 1 stycznia - - Udzia\u0142 w zysku netto za okres obrotowy  239 3 178 Rozliczenie udzia\u0142u Grupy w nierozliczonych stratach z lat ubieg\u0142ych (skumulowanych ujemnych ca\u0142kowitych dochodach) ( 183) (2 920) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie funkcjonalnej innej ni\u017c PLN  ( 56) ( 258) Stan na 31 grudnia - - od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Udzia\u0142 Grupy (55%) w zysku netto Sierra Gorda S.C.M. za okres obrotowy uj\u0119ty  w wycenie wsp\u00f3lnego przedsi\u0119wzi\u0119cia    239 3 178 Nieuj\u0119ty udzia\u0142 Grupy w stratach Sierra Gorda S.C.M.   2022     2021 Stan na 1 stycznia (1 283) (4 203) Rozliczenie udzia\u0142u Grupy w nierozliczonych stratach z lat ubieg\u0142ych (skumulowanych ujemnych ca\u0142kowitych dochodach)  183 2 920 Nieuj\u0119ta korekta z tytu\u0142u zysk\u00f3w niezrealizowanych na transakcji pomi\u0119dzy Grup\u0105 a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem (zbycie projektu Oxide, szczeg\u00f3\u0142y Nota 9.8.3)   ( 74) - Stan na 31 grudnia (1 174) (1 283) Na  dzie\u0144  31  grudnia  2022  r.  udzia\u0142  Grupy  KGHM  Polska  Mied\u017a  S.A.  w  nierozliczonych  skumulowanych  stratach  Sierra Gorda S.C.M. wynosi 1 174 mln PLN (362 mln USD), na dzie\u0144 31 grudnia 2021 r. 1 283 mln PLN (389 mln USD). Grupa zaprzesta\u0142a  ujmowania  swojego  udzia\u0142u  w  stratach  Sierra  Gorda  S.C.M.  w  momencie,  gdy  warto\u015b\u0107  tego  udzia\u0142u przekroczy\u0142a warto\u015b\u0107 bilansow\u0105 udzia\u0142u w inwestycji w Sierra Gorda S.C.M. Uj\u0119cie udzia\u0142u Grupy w stratach Sierra Gorda S.C.M. spowodowa\u0142o, \u017ce warto\u015b\u0107 bilansowa udzia\u0142\u00f3w w Sierra Gorda S.C.M. r\u00f3wna jest 0 PLN. Po zredukowaniu udzia\u0142u do warto\u015bci zerowej Grupa przeprowadzi\u0142a analiz\u0119 w zakresie istnienia prawnego lub zwyczajowo oczekiwanego obowi\u0105zku dokonania p\u0142atno\u015bci w imieniu Sierra Gorda S.C.M., co rodzi\u0142oby obowi\u0105zek ujmowania przez Grup\u0119 zobowi\u0105zania z tego tytu\u0142u.  Na  podstawie  wynik\u00f3w  przeprowadzonych  analiz  Grupa  nie  identyfikuje  istnienia  prawnego  lub  oczekiwanego obowi\u0105zku dokonania p\u0142atno\u015bci w imieniu Sierra Gorda S.C.M., o kt\u00f3rym mowa w MSR 28.39.   Grupa  przeprowadzi\u0142a  r\u00f3wnie\u017c  analiz\u0119  warunk\u00f3w  udzielonej  Sierra  Gorda  S.C.M.  gwarancji  ustanowionej  jako zabezpieczenie sp\u0142aty transzy kredytu, kt\u00f3ra spe\u0142nia definicj\u0119 gwarancji finansowej zgodnie z MSSF 9. Szczeg\u00f3\u0142y dotycz\u0105ce udzielonych Sierra Gorda S.C.M. gwarancji opisane zosta\u0142y w Nocie 8.6. Skr\u00f3cone dane finansowe dotycz\u0105ce Sierra Gorda S.C.M. przedstawiono w tabeli poni\u017cej Stan na 31.12.2022  Stan na 31.12.2021 Aktywa trwa\u0142e   22 052 19 848 Aktywa obrotowe, w tym:   2 608 2 393 \u015arodki pieni\u0119\u017cne i ekwiwalenty \u015brodk\u00f3w pieni\u0119\u017cnych    377 776 Zobowi\u0105zania d\u0142ugoterminowe, w tym:   23 751 21 768 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek bankowych i leasingu   2 242 1 713 Zobowi\u0105zania z tytu\u0142u po\u017cyczek od podmiot\u00f3w wsp\u00f3\u0142kontroluj\u0105cych 20 891 19 531 Zobowi\u0105zania kr\u00f3tkoterminowe, w tym:   1 689 1 585 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek bankowych i leasingu    63 106 Warto\u015b\u0107 bilansowa aktyw\u00f3w netto (z uwzgl\u0119dnieniem wycen  do warto\u015bci godziwej z dnia obj\u0119cia wsp\u00f3\u0142kontroli) ( 780) (1 112) Udzia\u0142 Grupy Kapita\u0142owej w warto\u015bci aktyw\u00f3w netto (55%)   ( 429) ( 612) \u0141\u0105czne skumulowane nieuj\u0119te udzia\u0142y w stracie Sierra Gorda S.C.M. (ujemne skumulowane ca\u0142kowite dochody) 1 174 1 283 Saldo odpisu z tytu\u0142y utraty warto\u015bci udzia\u0142\u00f3w Sierra Gorda S.C.M.   ( 671) ( 671) Nieuj\u0119ta korekta z tytu\u0142u zysk\u00f3w niezrealizowanych na transakcji pomi\u0119dzy Grup\u0105 a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem (zbycie projektu Oxide) ( 74) - Warto\u015b\u0107 inwestycji w skonsolidowanym sprawozdaniu  z sytuacji finansowej - - od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Przychody z um\u00f3w z klientami 7 225 8 335 Amortyzacja (1 704) (1 413) Odwr\u00f3cenie odpisu z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych - 4 799 Koszty z tytu\u0142u odsetek (1 440) (1 349) Inne przychody/(koszty) (3 325) (2 670) Zysk brutto  756 7 702   Podatek dochodowy ( 321) (1 924) Zysk netto  435 5 778 R\u00f3\u017cnice kursowe z przeliczenia aktyw\u00f3w netto Sierra Gorda S.C.M. na walut\u0119 prezentacji w PLN    ( 103) ( 469) \u0141\u0105czne ca\u0142kowite dochody  332 5 309 Pozosta\u0142e informacje dot. udzia\u0142u Grupy Kapita\u0142owej w przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. Stan na 31.12.2022 Stan na 31.12.2021 Udzia\u0142 Grupy w umownych zobowi\u0105zaniach (inwestycyjnych i operacyjnych) 7 153 5 865 Udzia\u0142 Grupy w \u0142\u0105cznej kwocie przysz\u0142ych op\u0142at leasingowych brutto  z tytu\u0142u um\u00f3w leasingu sprz\u0119tu g\u00f3rniczego  459 495 Nota 8.6 Gwarancje udzielone przez Grup\u0119    969 670 Skonsolidowane sprawozdanie finansowe za rok 2022 55    2022     2021 Stan na 1 stycznia   8 314 6 069 Sp\u0142ata po\u017cyczek (kapita\u0142 i odsetki)   ( 789) (1 259) Naliczone odsetki    582 494 Nota 4.4 Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci     873 2 380 R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek   o walucie funkcjonalnej innej ni\u017c PLN    623 630 Stan na 31 grudnia   9 603 8 314 Udzielona Sierra Gorda S.C.M. po\u017cyczka oprocentowana jest sta\u0142\u0105 stop\u0105 procentow\u0105 w wysoko\u015bci 8%. Na dzie\u0144 31 grudnia 2022 r. Grupa oszacowa\u0142a przewidywane przep\u0142ywy z tytu\u0142u sp\u0142aty nale\u017cno\u015bci z tytu\u0142u udzielonych po\u017cyczek Sierra Gorda S.C.M., w wyniku czego dokonano odwr\u00f3cenia odpisu z tytu\u0142u utraty warto\u015bci w kwocie 873 mln PLN (w I p\u00f3\u0142roczu 2022r. uj\u0119to odwr\u00f3cenie odpisu w kwocie 783 mln PLN, w II p\u00f3\u0142roczu 2022 r. w kwocie 90 mln PLN). W okresie por\u00f3wnywalnym dokonano odwr\u00f3cenia odpisu w kwocie 2 380 mln PLN.  Za\u0142o\u017cenia  przyj\u0119te  do  szacunku  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  Sierra  Gorda  S.C.M.  (notowania  cen  metali  oraz  pozosta\u0142e kluczowe za\u0142o\u017cenia) przedstawione zosta\u0142y poni\u017cej: Podstawowe za\u0142o\u017cenia makroekonomiczne przyj\u0119te w szacowaniu przep\u0142yw\u00f3w pieni\u0119\u017cnych \u2013 notowania cen miedzi i z\u0142ota \u015acie\u017cki cenowe zosta\u0142y przyj\u0119te uwzgl\u0119dniaj\u0105c aktualne prognozy rynkowe: Okres 2023 2024 2025 2026 2027 LT Cena miedzi [USD/t] 8 2008 5008 5008 5008 5007 700Cena z\u0142ota [USD/oz] 1 7501 7501 7001 6001 5501 500Pozosta\u0142e kluczowe za\u0142o\u017cenia dla szacunku przep\u0142yw\u00f3w pieni\u0119\u017cnych  Okres \u017cycia kopalni / okres prognozy 26 Poziom produkcji miedzi w okresie \u017cycia kopalni  (tys. t) 3 781 Poziom produkcji molibdenu w okresie \u017cycia kopalni (mln funt\u00f3w) 239 Poziom produkcji z\u0142ota w okresie \u017cycia kopalni (tys. oz) 1 151 \u015arednia mar\u017ca operacyjna w okresie \u017cycia kopalni 43,97% Zastosowana stopa dyskonta po opodatkowaniu (wykorzystana do wyliczenia warto\u015bci godziwej dla cel\u00f3w ujawnienia w Nocie 7) 9,75% Poziom nak\u0142ad\u00f3w inwestycyjnych do poniesienia w okresie \u017cycia kopalni (mln USD)  1 573 Nota 6.2 Po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu (Sierra Gorda S.C.M.) Zasady rachunkowo\u015bci  Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Po\u017cyczki  udzielone  Sierra  Gorda  S.C.M.  zosta\u0142y zakwalifikowane  do  aktyw\u00f3w  finansowych  dotkni\u0119tych utrat\u0105 warto\u015bci ze wzgl\u0119du na wysokie ryzyko kredytowe na  moment  pocz\u0105tkowego  uj\u0119cia  (POCI).  Po\u017cyczki  POCI wyceniane  s\u0105  wed\u0142ug  zamortyzowanego  kosztu  przy zastosowaniu  metody  efektywnej  stopy  procentowej skorygowanej  o  ryzyko  kredytowe  przy  wykorzystaniu analizy  scenariuszowej  i  dost\u0119pnych  wolnych  \u015brodk\u00f3w pieni\u0119\u017cnych Sierra Gorda S.C.M. Warunki  sp\u0142aty  po\u017cyczek  udzielonych  na  finansowanie operacji zagranicznych, w  tym przewidywane terminy sp\u0142aty, zosta\u0142y  okre\u015blone  w  poszczeg\u00f3lnych  umowach.  Zgodnie z harmonogramem,  kwota  g\u0142\u00f3wna  i odsetki  p\u0142atne  s\u0105  na \u017c\u0105danie,  nie  p\u00f3\u017aniej  jednak  ni\u017c  do 15 grudnia  2024  r.  Ze wzgl\u0119du na implementacj\u0119 MSSF 9, na dzie\u0144 1 stycznia 2018 r. oszacowano oczekiwan\u0105 niezdyskontowan\u0105 strat\u0119 kredytow\u0105 na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln  USD  przeliczone  kursem  NBP  USD/PLN  3,4813 z dnia 29 grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od sytuacji  finansowej  tej  sp\u00f3\u0142ki.  W  zwi\u0105zku  z  dobr\u0105  sytuacj\u0105 finansow\u0105 w 2021 r. mia\u0142y  miejsce pierwsze  sp\u0142aty w \u0142\u0105cznej kwocie  308 mln  USD  (1  259  mln  PLN).  W  roku  2022  r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej  kwocie  193  mln  USD (789  mln  PLN).  Z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczki  jest planowane  i prawdopodobne  w  daj\u0105cej  si\u0119  przewidzie\u0107 przysz\u0142o\u015bci,  po\u017cyczka  ta  nie  stanowi  inwestycji  netto w rozumieniu MSR 21.15.  Grupa przeprowadzi\u0142a wycen\u0119 po\u017cyczki zgodnie z wymogami MSSF  9.5.5.17.  Dla  oszacowania  oczekiwanych  strat kredytowych  wykorzystano  analiz\u0119  scenariuszow\u0105  (MSSF 9.5.5.18)  obejmuj\u0105c\u0105  za\u0142o\u017cenia  Grupy  odno\u015bnie  sp\u0142acalno\u015bci udzielonej  po\u017cyczki.  Analiz\u0119  scenariuszow\u0105  oparto  o przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda  S.C.M.  oszacowane  w oparciu  o  aktualne  \u015bcie\u017cki  rynkowych  prognoz  cenowych metali,  kt\u00f3re  nast\u0119pnie  zosta\u0142y  zdyskontowane  przy zastosowaniu efektywnej stopy procentowej skorygowanej o ryzyko  kredytowe,  ustalonej  przy  pocz\u0105tkowym  uj\u0119ciu po\u017cyczki zgodnie z MSSF 9.B5.5.45 na poziomie 6,42%. Pozosta\u0142e  istotne  za\u0142o\u017cenia  wykorzystane  przy  wycenie po\u017cyczki dotycz\u0105: \u2022  prawdopodobie\u0144stwa realizacji poszczeg\u00f3lnych scenariuszy wyceny, \u2022  poziomu produkcji, \u2022  poziomu koszt\u00f3w, \u2022  poziomu nak\u0142ad\u00f3w inwestycyjnych, \u2022  finansowania zewn\u0119trznego Sierra Gorda S.C.M., \u2022  formy i poziomu finansowania w\u0142a\u015bcicielskiego Sierra Gorda S.C.M., \u2022  opodatkowania na poziomie Sierra Gorda S.C.M., \u2022  dystrybucji \u015brodk\u00f3w pieni\u0119\u017cnych.  Przysz\u0142a realizacja za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu czynnik\u00f3w makroekonomicznych, operacyjnych, finansowych oraz uzgodnie\u0144 pomi\u0119dzy partnerami JV (analiza wra\u017cliwo\u015bci warto\u015bci bilansowej po\u017cyczki w Nocie 7.5.2.4). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-414": {
   "value": "Skonsolidowane  sprawozdanie  finansowe  zosta\u0142o  zatwierdzone  do  publikacji  oraz  podpisane  przez  Zarz\u0105d  Jednostki Dominuj\u0105cej dnia 21 marca 2023 r.   PODPISY WSZYSTKICH CZ\u0141ONK\u00d3W ZARZ\u0104DU Niniejsze sprawozdanie zosta\u0142o zatwierdzone do publikacji dnia 21 marca 2023 r. Prezes Zarz\u0105du  Tomasz Zdzikot Wiceprezes Zarz\u0105du  Mateusz Wodejko Wiceprezes Zarz\u0105du  Marek Pietrzak Wiceprezes Zarz\u0105du   Miros\u0142aw Kido\u0144 Wiceprezes Zarz\u0105du Marek \u015awider PODPIS OSOBY, KT\u00d3REJ POWIERZONO PROWADZENIE KSI\u0104G RACHUNKOWYCH Dyrektor Naczelny Centrum Us\u0142ug Ksi\u0119gowych G\u0142\u00f3wny Ksi\u0119gowy Agnieszka Sinior ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-416": {
   "value": "Nota 1.2 Podstawa sporz\u0105dzenia i prezentacji Skonsolidowane  sprawozdanie  finansowe  zosta\u0142o  sporz\u0105dzone  zgodnie  z  Mi\u0119dzynarodowymi  Standardami Sprawozdawczo\u015bci  Finansowej  zatwierdzonymi  przez  Uni\u0119  Europejsk\u0105  w  oparciu  o  zasad\u0119  kosztu  historycznego,  za wyj\u0105tkiem  instrument\u00f3w  finansowych  zaklasyfikowanych  jako  wyceniane  w  warto\u015bci  godziwej  i  nieruchomo\u015bci inwestycyjnych wycenianych w warto\u015bci godziwej. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-431": {
   "value": "Nota 1.2 Podstawa sporz\u0105dzenia i prezentacji Skonsolidowane  sprawozdanie  finansowe  zosta\u0142o  sporz\u0105dzone  zgodnie  z  Mi\u0119dzynarodowymi  Standardami Sprawozdawczo\u015bci  Finansowej  zatwierdzonymi  przez  Uni\u0119  Europejsk\u0105  w  oparciu  o  zasad\u0119  kosztu  historycznego, za wyj\u0105tkiem  instrument\u00f3w  finansowych  zaklasyfikowanych  jako  wyceniane  w  warto\u015bci  godziwej  i  nieruchomo\u015bci inwestycyjnych wycenianych w warto\u015bci godziwej. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-417": {
   "value": "Zasady Rachunkowo\u015bci Zasady rachunkowo\u015bci Grupy Kapita\u0142owej odnosz\u0105ce si\u0119  do skonsolidowanego sprawozdania finansowego jako ca\u0142o\u015bci, jak  r\u00f3wnie\u017c  poczynione  znacz\u0105ce  szacunki  i  ich  wp\u0142yw  na  warto\u015bci  prezentowane  w  skonsolidowanym  sprawozdaniu finansowym, zosta\u0142y zaprezentowane w niniejszej nocie.  Temat  Zasady rachunkowo\u015bci Znacz\u0105ce szacunki i os\u0105dy Zasady konsolidacji Skonsolidowane  sprawozdanie  finansowe  obejmuje sprawozdanie  finansowe  Jednostki  Dominuj\u0105cej  oraz  sp\u00f3\u0142ek od niej zale\u017cnych.  Za jednostki zale\u017cne uznaje si\u0119 jednostki, w odniesieniu  do  kt\u00f3rych  Jednostka  Dominuj\u0105ca, bezpo\u015brednio lub po\u015brednio poprzez swoje jednostki zale\u017cne sprawuje kontrol\u0119.  Obj\u0119cie  kontroli  nad  jednostk\u0105  zale\u017cn\u0105  stanowi\u0105c\u0105 przedsi\u0119wzi\u0119cie rozlicza si\u0119 metod\u0105 przej\u0119cia.  Jednostki  zale\u017cne  podlegaj\u0105  konsolidacji  metod\u0105  pe\u0142n\u0105 od dnia obj\u0119cia kontroli do dnia utraty kontroli.  Rozrachunki, przychody, koszty i  niezrealizowane zyski  uj\u0119te w  aktywach,  powsta\u0142e  na transakcjach  pomi\u0119dzy  sp\u00f3\u0142kami Grupy, podlegaj\u0105 eliminacji.  Ocena,  czy  Jednostka  Dominuj\u0105ca sprawuje  kontrol\u0119  nad  sp\u00f3\u0142k\u0105 wymaga  ustalenia,  czy  posiada  ona prawa  do  kierowania  istotn\u0105 dzia\u0142alno\u015bci\u0105  sp\u00f3\u0142ki.  Okre\u015blenie istotnej dzia\u0142alno\u015bci sp\u00f3\u0142ki oraz kt\u00f3ry z inwestor\u00f3w  j\u0105  kontroluje,  wymaga os\u0105du. W ocenie sytuacji i okre\u015bleniu istoty  powi\u0105za\u0144  bierze  si\u0119  pod uwag\u0119 m.in. prawa g\u0142osu, relatywnie posiadany udzia\u0142, rozproszenie praw g\u0142osu  posiadanych  przez  innych inwestor\u00f3w, zakres udzia\u0142u tych Inwestor\u00f3w w powo\u0142ywaniu kluczowego personelu kierowniczego lub cz\u0142onk\u00f3w rady nadzorczej. Wycena w warto\u015bci godziwej Warto\u015b\u0107  godziwa  stanowi  cen\u0119,  kt\u00f3r\u0105  otrzymano  by  ze sprzeda\u017cy  sk\u0142adnika  aktyw\u00f3w  lub  zap\u0142acono  by  za przeniesienie zobowi\u0105zania w transakcji mi\u0119dzy uczestnikami rynku  przeprowadzonej  na  zwyk\u0142ych  warunkach  na  dzie\u0144 wyceny.  Dla  cel\u00f3w  sprawozdawczo\u015bci  finansowej stosuje  si\u0119 hierarchi\u0119  ustalania  warto\u015bci  godziwej,  opart\u0105  na  trzech poziomach pozyskania informacji wej\u015bciowych: Poziom 1 Warto\u015b\u0107 oparta na danych wej\u015bciowych pochodz\u0105cych z aktywnego rynku, kt\u00f3re s\u0105  traktowane jako \u017ar\u00f3d\u0142o najbardziej wiarygodnych danych.  Poziom 2 Warto\u015b\u0107 oparta na danych wej\u015bciowych innych ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re jednak s\u0105 obserwowalne (obiektywne, mierzalne).  Poziom 3 Warto\u015b\u0107 oparta na danych o charakterze nieobserwowalnym, stosowanych w zakresie , w jakim odpowiednie  obserwowalne dane wej\u015bciowe s\u0105 niedost\u0119pne. Nieobserwowalne dane wej\u015bciowe odzwierciedlaj\u0105 za\u0142o\u017cenia, kt\u00f3re przyj\u0119liby uczestnicy rynku na potrzeby kalkulacji ceny sk\u0142adnika aktyw\u00f3w lub zobowi\u0105zania, w tym za\u0142o\u017cenia dotycz\u0105ce ryzyka. Przeniesienie  mi\u0119dzy  poziomami  hierarchii  warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142  pochodzenia  danych  wej\u015bciowych  na  potrzeby wyceny warto\u015bci godziwej, takich jak: \u2022 aktywny rynek, \u2022 brak  aktywnego  rynku,  jednak  dane  obserwowalne na rynku, \u2022 subiektywne dane wej\u015bciowe. Uznaje  si\u0119,  \u017ce  przeniesienia  pomi\u0119dzy  poziomami  hierarchii warto\u015bci  godziwej  maj\u0105  miejsce  na  koniec  okresu sprawozdawczego. Warto\u015b\u0107  godziwa  przedstawia obecne  szacunki,  kt\u00f3re  mog\u0105  ulec zmianie  w  kolejnych  okresach sprawozdawczych z tytu\u0142u warunk\u00f3w rynkowych  lub  innych  czynnik\u00f3w. Istnieje  wiele  metod  ustalania warto\u015bci  godziwej,  kt\u00f3re  mog\u0105 powodowa\u0107  r\u00f3\u017cnice  w  warto\u015bciach godziwych.  Co  wi\u0119cej,  za\u0142o\u017cenia b\u0119d\u0105ce podstaw\u0105 ustalenia warto\u015bci godziwej  mog\u0105  wymaga\u0107 oszacowania  zmian  koszt\u00f3w/cen w czasie,  stopy  dyskonta,  stopy inflacji  czy  innych  istotnych zmiennych. Pewne  za\u0142o\u017cenia  i  szacunki s\u0105 konieczne  dla  ustalenia, do kt\u00f3rego  poziomu  hierarchii warto\u015bci  godziwej  dany  instrument powinien zosta\u0107 zakwalifikowany. Sprawozdania jednostek  o walucie funkcjonalnej  innej ni\u017c PLN Dla  cel\u00f3w  sporz\u0105dzenia  skonsolidowanego  sprawozdania finansowego w walucie prezentacji Grupy Kapita\u0142owej KGHM Polska  Mied\u017a  S.A.  tj.  w  PLN,  dokonuje  si\u0119  przelicze\u0144 poszczeg\u00f3lnych  pozycji  sprawozda\u0144  finansowych  jednostek zagranicznych, dla kt\u00f3rych walut\u0105 funkcjonaln\u0105 jest waluta inna ni\u017c PLN, w nast\u0119puj\u0105cy spos\u00f3b: (i)  pozycje  aktyw\u00f3w  i  zobowi\u0105za\u0144  -  po  kursie  zamkni\u0119cia, tj. po  kursie  \u015brednim  obowi\u0105zuj\u0105cym  na  koniec  okresu sprawozdawczego  og\u0142oszonym  dla  danej  waluty  przez NBP, (ii)  pozycje  sprawozdania  z  wyniku,  sprawozdania z ca\u0142kowitych  dochod\u00f3w,  sprawozdania  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych  -  po  kursie  stanowi\u0105cym  \u015bredni\u0105 arytmetyczn\u0105 kurs\u00f3w  \u015brednich  og\u0142aszanych  dla  danej waluty  przez  NBP  na  ostatni  dzie\u0144  ka\u017cdego  miesi\u0105ca danego  okresu  sprawozdawczego.  W  przypadku znacznych waha\u0144  kursu  wymiany  w  danym  okresie przychody  i  koszty  sprawozdania  z  wyniku i sprawozdania  z  ca\u0142kowitych  dochod\u00f3w  przelicza  si\u0119 po kursach z dnia transakcji, R\u00f3\u017cnice  kursowe  z  przeliczenia  sprawozda\u0144  jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  ujmuje  si\u0119 w pozosta\u0142ych ca\u0142kowitych dochodach danego okresu. Skonsolidowane  sprawozdanie finansowe prezentowane jest w PLN, kt\u00f3ry  stanowi  r\u00f3wnie\u017c  walut\u0119 funkcjonaln\u0105  Jednostki  Dominuj\u0105cej i jednostek  zale\u017cnych  Grupy Kapita\u0142owej za wyj\u0105tkiem: Jednostki zale\u017cnej Future 1 Sp. z o.o. oraz  jednostek  grupy  kapita\u0142owej ni\u017cszego  szczebla  KGHM INTERNATIONAL  LTD.,  dla  kt\u00f3rych  walut\u0119 funkcjonaln\u0105 stanowi g\u0142\u00f3wnie dolar ameryka\u0144ski (USD). Saldo r\u00f3\u017cnic kursowych  z przeliczenia sprawozda\u0144 powy\u017cszych jednostek wynios\u0142o: w 2022 r. \u2013 2 554 mln PLN, w 2021 r. \u2013 2 619 mln PLN (patrz Nota 8.2.2 Zmiany pozosta\u0142ych kapita\u0142\u00f3w) . Transakcje w walucie obcej i wycena pozycji wyra\u017conych w walutach obcych Transakcje  wyra\u017cone  w  walutach  obcych  przelicza  si\u0119 na moment pocz\u0105tkowego uj\u0119cia na walut\u0119 funkcjonaln\u0105: \u2022  po kursie faktycznie zastosowanym, tj. po kursie kupna lub sprzeda\u017cy walut stosowanym przez bank, w kt\u00f3rym nast\u0119puje  transakcja,  w przypadku  operacji  sprzeda\u017cy lub  kupna  walut  oraz  operacji  zap\u0142aty  nale\u017cno\u015bci lub zobowi\u0105za\u0144, \u2022  po  \u015brednim  kursie  ustalonym  dla  danej  waluty, obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia  transakcji  dla pozosta\u0142ych transakcji.  Na  koniec  ka\u017cdego  okresu  sprawozdawczego  pozycje pieni\u0119\u017cne  wyra\u017cone  w  walucie  obcej  przelicza  si\u0119  przy zastosowaniu obowi\u0105zuj\u0105cego w tym dniu kursu zamkni\u0119cia. Zyski  i  straty  z  tytu\u0142u  r\u00f3\u017cnic  kursowych  powsta\u0142e  w  wyniku rozliczenia transakcji w walucie obcej oraz wyceny bilansowej aktyw\u00f3w  i  zobowi\u0105za\u0144  pieni\u0119\u017cnych  (innych  ni\u017c  instrumenty pochodne)  wyra\u017conych  w walutach  obcych  ujmuje si\u0119 w wyniku finansowym. Zyski i straty z tytu\u0142u zmiany kurs\u00f3w walut dotycz\u0105ce wyceny bilansowej instrument\u00f3w pochodnych wyra\u017conych w walucie obcej  ujmuje  si\u0119  w  wyniku  finansowym  jako  wycena do warto\u015bci  godziwej,  o  ile  nie  s\u0105  elementem  efektywnej cz\u0119\u015bci zmiany warto\u015bci godziwej transakcji zabezpieczaj\u0105cych przep\u0142ywy  pieni\u0119\u017cne.  W takim  przypadku  s\u0105  one  ujmowane w pozosta\u0142ych  ca\u0142kowitych  dochodach,  zgodnie  z  zasadami rachunkowo\u015bci zabezpiecze\u0144. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e  na pozycjach niepieni\u0119\u017cnych, takich jak instrumenty kapita\u0142owe zaklasyfikowane  do  aktyw\u00f3w  finansowych  wycenianych w warto\u015bci  godziwej  przez  pozosta\u0142e  ca\u0142kowite  dochody, ujmuje  si\u0119  w  pozosta\u0142ych  ca\u0142kowitych  dochodach  i prezentuje w ramach wyceny do warto\u015bci godziwej. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e na pozycjach pieni\u0119\u017cnych wycenianych w  warto\u015bci godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci  godziwej)  ujmuje  si\u0119  jako  element  wyceny w warto\u015bci godziwej. Od  dnia  1  stycznia  2022  r.  w  Grupie  Kapita\u0142owej  KGHM Polska  Mied\u017a  S.A.  zosta\u0142a  wdro\u017cona  zmiana  w  zakresie kurs\u00f3w  wymiany  walut  obcych  stosowanych  do  wyceny operacji  sprzeda\u017cy  lub  kupna  walut  oraz  operacji  zap\u0142aty nale\u017cno\u015bci  i  zobowi\u0105za\u0144  (w  tym  do  wyceny  transakcji otrzymania,  udzielenia  oraz  sp\u0142aty  kredyt\u00f3w  i po\u017cyczek) na walutowych  rachunkach  bankowych  Grupy. Do przeliczania  takich  transakcji  na  walut\u0119  funkcjonaln\u0105 stosuje  si\u0119  kurs  \u015bredni  obowi\u0105zuj\u0105cy  na  dzie\u0144  zawarcia transakcji,  gdzie  kursem  obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia transakcji jest \u015bredni kurs NBP z ostatniego dnia roboczego poprzedzaj\u0105cego  dzie\u0144  transakcji.  Zmiana  stosowanych kurs\u00f3w  wymiany  walut  stanowi,  zgodnie  z  MSR  8,  zmian\u0119 warto\u015bci  szacunkowych,  a  jej  skutki  s\u0105  ujmowane prospektywnie  dla  okres\u00f3w  rozpoczynaj\u0105cych  si\u0119 od 1 stycznia 2022 r. i p\u00f3\u017aniej. Dla lepszego zrozumienia danych uj\u0119tych w skonsolidowanym sprawozdaniu finansowym przedstawiono polityk\u0119 (zasady) rachunkowo\u015bci oraz wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy w poszczeg\u00f3lnych notach szczeg\u00f3\u0142owych, jak podano w tabeli poni\u017cej. W por\u00f3wnaniu do okresu sprawozdawczego zako\u0144czonego 31 grudnia 2021 r. nie mia\u0142y miejsca istotne zmiany w sposobie  dokonywania  szacunk\u00f3w.  Zmiany  w  warto\u015bciach  szacunk\u00f3w  na  31  grudnia  2022  r.,  w por\u00f3wnaniu do wymienionego okresu, wynikaj\u0105 ze zmian za\u0142o\u017ce\u0144 na skutek zmian okoliczno\u015bci biznesowych i/lub innych zmiennych. * W sprawozdaniu z sytuacji finansowej kr\u00f3tkoterminowe rezerwy na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w technologicznych uj\u0119te s\u0105 w pozycji Rezerwy na zobowi\u0105zania i inne obci\u0105\u017cenia. Zasady rachunkowo\u015bci opisane w niniejszej nocie jak i w notach szczeg\u00f3\u0142owych stosowane by\u0142y przez Grup\u0119 Kapita\u0142ow\u0105 w spos\u00f3b ci\u0105g\u0142y dla wszystkich prezentowanych okres\u00f3w.  Nota Tytu\u0142 Kwota uj\u0119ta w sprawozdaniu             finansowym Zasady rachunko - wo\u015bci Wa\u017cne oszacowania, za\u0142o\u017cenia  i os\u0105dy 2022  2021 2.3  Przychody z um\u00f3w z klientami  33 847  29 803  X  X 3.1  Utrata warto\u015bci aktyw\u00f3w   (230)  (438) X 5.1 Podatek dochodowy w sprawozdaniu z wynik\u00f3w (1 715)  (1 669)  X   5.1.1  Odroczony podatek dochodowy  (533)  (186)  X  X 5.3  Nale\u017cno\u015bci z tytu\u0142u podatk\u00f3w  367  368  X   5.3  Zobowi\u0105zania podatkowe  (1 233)  (1 455)  X   6.1 Wsp\u00f3lne przedsi\u0119wzi\u0119cia wyceniane metod\u0105 praw w\u0142asno\u015bci -  -  X  X 6.2 Po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu 9 603  8 314  X  X 7.2  Pochodne instrumenty finansowe  357  (1 174)  X  X 7.3 Inne instrumenty finansowe wyceniane  w warto\u015bci godziwej 606  637  X  X 7.4 Inne instrumenty finansowe wyceniane  w zamortyzowanym koszcie 469  499  X  X 8.2 Kapita\u0142 w\u0142asny akcjonariuszy Jednostki Dominuj\u0105cej (32 089)  (27 046) X 8.4.1  Zad\u0142u\u017cenie  (6 443)  (5 949) X 8.5  \u015arodki pieni\u0119\u017cne i ich ekwiwalenty  1 200  1 904 X 8.6 Zobowi\u0105zania z tytu\u0142u gwarancji i por\u0119cze\u0144 (1 326)  (1 022)  X  X 9.1 Rzeczowe i niematerialne aktywa g\u00f3rnicze i hutnicze i hutnicze 25 666  23 999  X  X 9.2 Pozosta\u0142e aktywa rzeczowe  i niematerialne 2 964  3 085  X   9.4 Rezerwy na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w* (1 893)  (1 552)  X  X 9.7 Ujawnienia dotycz\u0105ce leasingu \u2013 Grupa jako leasingobiorca 771  703  X  X 9.8 Aktywa przeznaczone do sprzeda\u017cy (grupa zbycia) i zwi\u0105zane z nimi zobowi\u0105zania  -  734  X   10.1  Zapasy  8 902  6 487  X  X 10.2  Nale\u017cno\u015bci od odbiorc\u00f3w  1 178  1 026  X  X 10.3 Zobowi\u0105zania wobec dostawc\u00f3w i podobne (3 280)  (3 201)  X  X 10.4  Zmiana stanu kapita\u0142u obrotowego  (2 317) (2 767)              ] X  X 11.1 Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych (4 320)  (3 756)  X  X 12.3  Pozosta\u0142e aktywa  843  498  X   12.4  Pozosta\u0142e zobowi\u0105zania  (1 872)  (2 310)  X   Dane  finansowe  przygotowywane  dla  cel\u00f3w  sprawozdawczo\u015bci  zarz\u0105dczej  oparte  s\u0105  na  tych  samych  zasadach rachunkowo\u015bci, jakie stosuje si\u0119 przy sporz\u0105dzaniu skonsolidowanych sprawozda\u0144 finansowych Grupy, przy czym dane finansowe  poszczeg\u00f3lnych  segment\u00f3w  sprawozdawczych  stanowi\u0105  warto\u015bci  pochodz\u0105ce  z  odpowiednich  sprawozda\u0144 finansowych przed uwzgl\u0119dnieniem korekt konsolidacyjnych na poziomie Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. tj.:   \u2022  Segment  KGHM  Polska  Mied\u017a  S.A.   -  stanowi\u0105  dane  z  jednostkowego  sprawozdania  finansowego  Jednostki Dominuj\u0105cej  sporz\u0105dzonego  wg  MSSF.  W  jednostkowym  sprawozdaniu  finansowym  udzia\u0142y  w  sp\u00f3\u0142kach  zale\u017cnych (w tym  po\u015bredni  udzia\u0142  w  KGHM  INTERNATIONAL  LTD.)  ujmowane  s\u0105  wed\u0142ug  kosztu  z  uwzgl\u0119dnieniem  odpis\u00f3w aktualizuj\u0105cych, \u2022  Segment KGHM INTERNATIONAL LTD. \u2013  stanowi\u0105 dane  skonsolidowane Grupy Kapita\u0142owej  KGHM INTERNATIONAL  LTD. sporz\u0105dzone wg MSSF. Zaanga\u017cowanie w Sierra Gorda S.C.M. uj\u0119te jest metod\u0105 praw w\u0142asno\u015bci,  \u2022  Segment  Sierra  Gorda  S.C.M.  \u2013  stanowi  55%  udzia\u0142u  w  aktywach,  zobowi\u0105zaniach,  przychodach  i  kosztach  tego przedsi\u0119wzi\u0119cia z jednostkowego sprawozdania finansowego Sierra Gorda S.C.M. sporz\u0105dzonego wg MSSF,   \u2022  Pozosta\u0142e  segmenty  \u2013  stanowi\u0105  dane  zagregowane  poszczeg\u00f3lnych  sp\u00f3\u0142ek  zale\u017cnych  po  dokonaniu  wy\u0142\u0105cze\u0144 transakcji i sald pomi\u0119dzy nimi.  Zasady rachunkowo\u015bci W  przychodach  z  um\u00f3w  z  klientami  w  sprawozdaniu  z  wyniku  ujmowane  s\u0105  przychody  powstaj\u0105ce  ze  zwyk\u0142ej  dzia\u0142alno\u015bci operacyjnej Grupy, tj. przychody ze sprzeda\u017cy produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w. Grupa  generuje  przychody  g\u0142\u00f3wnie  ze  sprzeda\u017cy:  miedzi,  srebra  i  z\u0142ota.  Pozosta\u0142e  mniejsze  strumienie  przychod\u00f3w  pochodz\u0105 ze sprzeda\u017cy us\u0142ug (w tym dystrybucji energii elektrycznej i innych medi\u00f3w oraz us\u0142ug budowy kopal\u0144) oraz pozosta\u0142ych produkt\u00f3w (w tym energii elektrycznej), towar\u00f3w i materia\u0142\u00f3w (w tym stali i ropy naftowej i jej pochodnych). Grupa  ujmuje  przychody  z  um\u00f3w  z  klientami  w  momencie  spe\u0142nienia  przez  Grup\u0119  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, poprzez  przekazanie  przyrzeczonego  towaru  lub  us\u0142ugi  nabywcy,  gdzie  przekazanie  to  stanowi  jednocze\u015bnie  uzyskanie  przez nabywc\u0119  kontroli  nad  tym  sk\u0142adnikiem  aktyw\u00f3w,  tj.  zdolno\u015bci  do  bezpo\u015bredniego  rozporz\u0105dzania  przekazanym  sk\u0142adnikiem aktyw\u00f3w  i  uzyskiwania  z  niego  zasadniczo  wszystkich  pozosta\u0142ych  korzy\u015bci  oraz  zdolno\u015b\u0107  do  niedopuszczania  innych  jednostek do rozporz\u0105dzania sk\u0142adnikiem aktyw\u00f3w i uzyskiwania z niego korzy\u015bci. Poniewa\u017c w wi\u0119kszo\u015bci transakcji sprzeda\u017cy po dokonaniu wysy\u0142ki  przyrzeczonego  towaru  i  przekazaniu  nad  nim  kontroli  Grupa  ma  bezwarunkowe  prawo  do  otrzymania  wynagrodzenia od klienta, gdy\u017c jedynym  warunkiem jego  otrzymania jest up\u0142yw czasu, Grupa ujmuje nale\u017cne jej  wynagrodzenie  z  tytu\u0142u um\u00f3w z klientami jako nale\u017cno\u015b\u0107 i tym samym Grupa nie rozpoznaje aktyw\u00f3w z tytu\u0142u wykonania  umowy. Ponadto,  przychody  ze  sprzeda\u017cy us\u0142ug  Grupa  ujmuje  w  wyniku  finansowym w  miar\u0119  up\u0142ywu czasu,  je\u017celi  spe\u0142niony  jest  jeden z nast\u0119puj\u0105cych warunk\u00f3w: -  klient  jednocze\u015bnie otrzymuje i czerpie korzy\u015bci ekonomiczne p\u0142yn\u0105ce ze \u015bwiadczenia Grupy w miar\u0119  jak  wykonuje ona swoje zobowi\u0105zanie, lub -  w  wyniku  spe\u0142nienia  zobowi\u0105zania  przez  Grup\u0119  powstaje  lub  zostaje  ulepszony  sk\u0142adnik  aktyw\u00f3w  (np.  produkcja  w toku), a kontrol\u0119 nad tym sk\u0142adnikiem w miar\u0119 jego powstawania lub ulepszania, sprawuje klient, lub -  w wyniku spe\u0142nienia zobowi\u0105zania przez Grup\u0119 powstaje sk\u0142adnik aktyw\u00f3w, kt\u00f3ry nie ma alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty za dotychczas wykonane \u015bwiadczenie. Je\u017celi  Grupa  ujmuje  przych\u00f3d  na  podstawie  obmiar\u00f3w  zgodnie  z  przyj\u0119t\u0105  metod\u0105  pomiaru  stopnia  zaawansowania  wykonania \u015bwiadczenia,  zanim  zostanie  wystawiona  faktura,  ujmuje  nale\u017cne  wynagrodzenie  jako  aktywo  z  tytu\u0142u  umowy  i  przenosi  je  na nale\u017cno\u015bci kiedy prawo do wynagrodzenia staje si\u0119 bezwarunkowe. Jako  zobowi\u0105zanie  do  wykonania  \u015bwiadczenia  Grupa  rozpoznaje  ka\u017cde,  zawarte  w  umowie  przyrzeczenie  przekazania  klientowi towaru lub us\u0142ugi, kt\u00f3re mo\u017cna wyodr\u0119bni\u0107, lub grupy wyodr\u0119bnionych towar\u00f3w lub us\u0142ug, kt\u00f3re s\u0105 zasadniczo takie same i w taki sam spos\u00f3b przekazywane klientowi. Dla ka\u017cdego zobowi\u0105zania do wykonania \u015bwiadczenia, Grupa ustala (na podstawie warunk\u00f3w umownych), czy b\u0119dzie je realizowa\u0107 w miar\u0119 up\u0142ywu czasu lub czy spe\u0142ni je w okre\u015blonym momencie. W szczeg\u00f3lno\u015bci dla um\u00f3w na sprzeda\u017c miedzi, srebra i z\u0142ota ka\u017cda jednostka miary przekazanego towaru (np. 1 tona miedzi lub 1 kg srebra) stanowi odr\u0119bne zobowi\u0105zanie do wykonania \u015bwiadczenia. W zwi\u0105zku z tym, dla ka\u017cdej sprzeda\u017cy lub wysy\u0142ki produkt\u00f3w, obejmuj\u0105cej wielokrotno\u015b\u0107 jednostki  miary  przekazanego  produktu,  kt\u00f3ra  jest  realizowana  w  tym  samym  czasie,  Grupa  wype\u0142nia  swoje  zobowi\u0105zania  do wykonania \u015bwiadczenia oraz ujmuje przych\u00f3d, w tym samym momencie. W  kontraktach handlowych,  w  kt\u00f3rych wype\u0142nienie  zobowi\u0105zania  do  wykonania \u015bwiadczenia  zachodzi  w  okre\u015blonym  momencie czasu, Grupa stosuje r\u00f3\u017cne warunki p\u0142atno\u015bci obejmuj\u0105ce zar\u00f3wno przedp\u0142aty do kilku dni przed dostaw\u0105 jak i odroczone terminy p\u0142atno\u015bci do 120 dni, przy czym odroczone terminy p\u0142atno\u015bci nie dotycz\u0105 srebra. Terminy p\u0142atno\u015bci uzale\u017cnione s\u0105 od oceny ryzyka kredytowego odbiorcy oraz mo\u017cliwo\u015bci zabezpieczenia nale\u017cno\u015bci. P\u0142atno\u015b\u0107 wynagrodzenia staje si\u0119 wymagalna, w zale\u017cno\u015bci od warunk\u00f3w  umownych,  tj.  przed  zrealizowaniem  przez  Grup\u0119  dostawy  (przedp\u0142ata)  lub  po  wype\u0142nieniu  przez  Grup\u0119  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia.  Je\u017celi  Grupa  otrzymuje  wynagrodzenie  od  klienta  przed  wype\u0142nieniem  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia,  ujmuje  je  jako  zobowi\u0105zanie  z  tytu\u0142u  umowy.  Natomiast  w  przypadku  odroczonych termin\u00f3w  p\u0142atno\u015bci,  Grupa  ujmuje  wymagalne  od  klienta  wynagrodzenie  jako  nale\u017cno\u015b\u0107,  dopiero  po  przekazaniu  klientowi przyrzeczonych produkt\u00f3w i wystawieniu faktury.    Przychody z um\u00f3w z klientami ujmuje si\u0119 w kwocie r\u00f3wnej cenie transakcyjnej, stanowi\u0105cej kwot\u0119 wynagrodzenia, kt\u00f3re \u2013 zgodnie z oczekiwaniem  Grupy  \u2013  b\u0119dzie  jej  przys\u0142ugiwa\u0107  w  zamian  za  przekazanie  przyrzeczonych  d\u00f3br  lub  us\u0142ug  na  rzecz  klienta, z wy\u0142\u0105czeniem kwot pobranych w imieniu os\u00f3b trzecich.  Cena  transakcyjna  odzwierciedla r\u00f3wnie\u017c  zmian\u0119 warto\u015bci  pieni\u0105dza  w  czasie,  je\u017celi  umowa  z klientem  zawiera istotny element finansowania, kt\u00f3ry okre\u015bla si\u0119 na podstawie umownych warunk\u00f3w p\u0142atno\u015bci, bez wzgl\u0119du na to czy zosta\u0142 on wyra\u017anie okre\u015blony w umowie. Oceniaj\u0105c, czy komponent  finansowania jest istotny dla  umowy, uwzgl\u0119dnia si\u0119 wszystkie fakty i okoliczno\u015bci,  w  tym ewentualn\u0105 r\u00f3\u017cnic\u0119 mi\u0119dzy kwot\u0105 przyrzeczonego wynagrodzenia a cen\u0105 sprzeda\u017cy got\u00f3wkowej przyrzeczonych towar\u00f3w i us\u0142ug oraz  \u0142\u0105czny  wp\u0142yw  obu  nast\u0119puj\u0105cych  czynnik\u00f3w:  (i)  przewidywany  okres  od  momentu,  w  kt\u00f3rym  jednostka  przekazuje przyrzeczone towary lub us\u0142ugi klientowi do momentu, w kt\u00f3rym klient p\u0142aci za te  towary lub us\u0142ugi, oraz (ii) stopy procentowe obowi\u0105zuj\u0105ce na danym rynku. W zrealizowanych umowach sprzeda\u017cy do klient\u00f3w w 2022 r. oraz 2021 r. Grupa zidentyfikowa\u0142a istotny komponent finansowania w kontrakcie z Franco Nevada (umowa opisana poni\u017cej w cz\u0119\u015bci Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy).  Grupa  przedstawia  skutki  finansowania  (koszty  z  tytu\u0142u  odsetek)  odr\u0119bnie  od  przychod\u00f3w  z  um\u00f3w  z  klientami w sprawozdaniu z ca\u0142kowitych dochod\u00f3w. W kontrakcie z Franco Nevada wyst\u0119puje r\u00f3wnie\u017c element zmienno\u015bci wynagrodzenia. W takiej  sytuacji  Grupa  rozpoznaje  przychody  oszacowuj\u0105c  kwot\u0119  wynagrodzenia,  do  kt\u00f3rego  b\u0119dzie  uprawniona  w  zamian za przekazane dobra na rzecz klienta i zalicza do ceny transakcyjnej cz\u0119\u015b\u0107 lub ca\u0142o\u015b\u0107 kwoty wynagrodzenia zmiennego wy\u0142\u0105cznie w takim  zakresie  w  jakim  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  odwr\u00f3cenie  znacz\u0105cej  cz\u0119\u015bci  wcze\u015bniej  uj\u0119tych skumulowanych przychod\u00f3w w momencie kiedy niepewno\u015b\u0107 co do wysoko\u015bci wynagrodzenia ustanie. W  przypadku  transakcji  sprzeda\u017cy  produkt\u00f3w  miedzi  i  srebra,  dla  kt\u00f3rych  cena  zostanie  ustalona  po  dniu  uj\u0119cia  sprzeda\u017cy w ksi\u0119gach  rachunkowych,  na  moment  pocz\u0105tkowego  uj\u0119cia  transakcji  dokonuje  si\u0119  korekty  przychod\u00f3w  ze  sprzeda\u017cy  z  tytu\u0142u r\u00f3\u017cnicy  pomi\u0119dzy  cen\u0105  terminow\u0105  metalu  wyra\u017con\u0105  w  USD  z  dnia  rozpoznania  sprzeda\u017cy  na  okres  odpowiadaj\u0105cy  okresowi rozliczenia  transakcji,  a  cen\u0105  wynikaj\u0105c\u0105  z faktury  prowizorycznej.  Korekta  ta  doprowadza  warto\u015b\u0107  transakcji  do  warto\u015bci oczekiwanej  jako  ceny  transakcyjnej  na  moment  pocz\u0105tkowego  uj\u0119cia.    Dotyczy  to  wy\u0142\u0105cznie  przypadk\u00f3w,  gdy  zmiana  ceny transakcyjnej wynika ze zmiany ceny metalu. Do tego typu zmiennych przychod\u00f3w nie ma zastosowania ograniczenie z MSSF 15 dotycz\u0105ce  ujmowania  zmiennego  wynagrodzenia  w kwocie,  co  do  kt\u00f3rej  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  jej odwr\u00f3cenie. Zmiany zarachowanej kwoty po momencie uj\u0119cia nie wp\u0142ywaj\u0105 na przychody ze sprzeda\u017cy lecz stanowi\u0105 zyski/straty z wyceny do warto\u015bci godziwej nale\u017cno\u015bci, zgodnie z zasadami rachunkowo\u015bci przedstawionymi w Nocie 10.2. Przychody  ze  sprzeda\u017cy  korygowane  s\u0105  o  wynik  z  rozliczenia  instrument\u00f3w  pochodnych  zabezpieczaj\u0105cych  przysz\u0142e  przep\u0142ywy pieni\u0119\u017cne, zgodnie z og\u00f3ln\u0105 zasad\u0105, \u017ce rozliczenie pochodnego instrumentu zabezpieczaj\u0105cego w cz\u0119\u015bci stanowi\u0105cej zabezpieczenie efektywne ujmuje si\u0119 w tej samej pozycji wyniku finansowego, w kt\u00f3rej ujmowana jest wycena pozycji zabezpieczanej w momencie, kiedy pozycja zabezpieczana wp\u0142ywa na wynik finansowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Grupa  ujmuje  przychody  ze  sprzeda\u017cy  produkt\u00f3w,  towar\u00f3w  i  materia\u0142\u00f3w  w  wyniku  finansowym  jednorazowo,  w momencie spe\u0142nienia zobowi\u0105zania do wykonania \u015bwiadczenia, w szczeg\u00f3lno\u015bci okre\u015blanym  w oparciu o formu\u0142y baz  dostawy  INCOTERMS. W wi\u0119kszo\u015bci kontrakt\u00f3w, moment przeniesienia kontroli na klienta nast\u0119puje po dostarczeniu d\u00f3br do klienta, przez co rozumie si\u0119 r\u00f3wnie\u017c dostarczenie d\u00f3br przewo\u017anikowi lub podstawienie ich klientowi na wyznaczony zak\u0142ad (bazy DAP, FCA i EX WORKS). W pozosta\u0142ych  kontraktach  przeniesienie  kontroli  nad  dobrami  na  klienta  nast\u0119puje  w  momencie  przekazania  przewo\u017anikowi morskiemu na pok\u0142ad statku (bazy CFR, CIF, CPT oraz CIP). W tych kontraktach Grupa jest zobowi\u0105zana r\u00f3wnie\u017c do zorganizowania  transportu. W takich przypadkach Grupa dzia\u0142a jako zleceniodawca, poniewa\u017c sprawuje kontrol\u0119 nad wykonaniem us\u0142ugi przed jej przekazaniem do klienta. Jednocze\u015bnie Grupa przypisuje cz\u0119\u015b\u0107 ceny transakcyjnej do us\u0142ugi transportu i ujmuje przych\u00f3d z tego tytu\u0142u w miar\u0119 up\u0142ywu czasu. Grupa  rozpoznaje  przychody  w  miar\u0119  up\u0142ywu  czasu  z  tytu\u0142u  realizowanych  us\u0142ug  budowy  kopal\u0144  i  prowadzenia  innych  rob\u00f3t geologicznych.  Grupa  spe\u0142nia  zobowi\u0105zania  w  czasie,  poniewa\u017c  klient  jednocze\u015bnie  otrzymuje  i  czerpie  korzy\u015bci  ekonomiczne wynikaj\u0105ce  ze  \u015bwiadczonej  us\u0142ugi  w  miar\u0119  jej  wykonywania  lub  ze  wzgl\u0119du  na  wytwarzanie  sk\u0142adnik\u00f3w,  kt\u00f3re  nie  maj\u0105 alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty. Do pomiaru stopnia zaawansowania wykonania \u015bwiadczenia Grupa stosuje  metod\u0119 opart\u0105 na  nak\u0142adach  poniesionych  przy  spe\u0142nianiu zobowi\u0105zania do wykonania \u015bwiadczenia na  bazie  poniesionych koszt\u00f3w oraz do innych kontrakt\u00f3w metod\u0119 opart\u0105 na wynikach, gdzie z g\u00f3ry okre\u015blona cena jednostkowa jest stosowana do wyceny jednostki produkcji (np. do wyceny metr\u00f3w wydr\u0105\u017conego chodnika). Kontrakt z Franco Nevada Zobowi\u0105zanie do wykonania \u015bwiadczenia Grupa realizuje umow\u0119 typu streaming arrangement, stanowi\u0105c\u0105 dost\u0119pne na rynku \u017ar\u00f3d\u0142o finansowania jednostek dzia\u0142aj\u0105cych w bran\u017cy wydobywczej. Umowa  dotyczy  sprzeda\u017cy  po\u0142owy  produkcji  z\u0142ota,  platyny  oraz  palladu  zawartych  w  rudzie  wydobytej  w  okresie  \u017cycia nast\u0119puj\u0105cych kopal\u0144:  Morr ison, McCreedy  West oraz  Podolsky wchodz\u0105cych  w  sk\u0142ad  OWSP  Sudbury. Na  podstawie warunk\u00f3w  umowy  Quadra  FNX  Mining  Ltd.  otrzyma\u0142a  przedp\u0142at\u0119  w wysoko\u015bci  400  mln  CAD.  Jednocze\u015bnie,  cena  sprzeda\u017cy  za  uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z umow\u0105, stanowi mniejsza z kwot: (a) 400 USD, powi\u0119kszone o 1% ka\u017cdego roku pocz\u0105wszy od 2011 r., b\u0105d\u017a (b) cena rynkowa z\u0142ota. Otrzymana przedp\u0142ata pokrywa r\u00f3\u017cnic\u0119 pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105 sprzedanej rudy, a jej warto\u015bci\u0105 w sta\u0142ej cenie sprzeda\u017cy. Grupa uj\u0119\u0142a zobowi\u0105zanie z tytu\u0142u umowy w kwocie zaliczki z tytu\u0142u zobowi\u0105zania jednostki do wykonania \u015bwiadczenia w postaci przekazania lub gotowo\u015bci do przekazania d\u00f3br lub us\u0142ug w przysz\u0142o\u015bci. Grupa zaprzestaje ujmowania tego zobowi\u0105zania  z  tytu\u0142u  umowy  i  ujmuje  przych\u00f3d  w  momencie, gdy  przenosi  owe  dobra  lub  us\u0142ugi  na  klienta,  spe\u0142niaj\u0105c  w  ten spos\u00f3b swoje zobowi\u0105zanie do wykonania \u015bwiadczenia. Wynagrodzenie zmienne W umowie z Franco Nevada \u0142\u0105czna cena transakcyjna jest zmienna i zale\u017cy od ilo\u015bci sprzedanych surowc\u00f3w, a ta z kolei zale\u017cy od wydobycia  rudy  w  przysz\u0142o\u015bci  przez  okres  \u017cycia  kopalni  (w  tym  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zatem,  je\u017celi  w  kolejnych  okresach sprawozdawczych  Grupa  dokona  zmiany  os\u0105du  w  zakresie  planowanego  wydobycia rudy,  a  w  konsekwencji  ilo\u015bci  sprzedanych surowc\u00f3w \u2013 dokona tak\u017ce aktualizacji ceny transakcyjnej. Kwoty  przypisane  do  spe\u0142nionych  zobowi\u0105za\u0144  do  wykonania  \u015bwiadczenia  Grupa  ujmuje  jako  przychody  lub  jako  zmniejszenie przychod\u00f3w w okresie, w kt\u00f3rym cena transakcyjna uleg\u0142a zmianie. Istotny element finansowania W kontek\u015bcie umowy z Franco Nevada, maj\u0105c na uwadze przewidywany okres od momentu, w kt\u00f3rym otrzymano przedp\u0142at\u0119 do momentu,  w  kt\u00f3rym  Grupa  przekazuje  przyrzeczone  dobra  (okres  \u017cycia  kopalni,  tj.  kilkadziesi\u0105t  lat)  oraz  charakter  tej  umowy uznano,  \u017ce  rozk\u0142ad  w  czasie  p\u0142atno\u015bci  daje  Grupie  korzy\u015bci  z  tytu\u0142u  finansowania  dostawy  surowc\u00f3w  przez  kupuj\u0105cego  (Franco Nevada), co skutkuje tym, \u017ce umowa zawiera istotny element finansowania. Grupa przedstawia skutki finansowania (koszty z tytu\u0142u odsetek) oddzielnie od przychod\u00f3w z um\u00f3w z klientami w sprawozdaniu z wyniku.  Koszty  z  tytu\u0142u  odsetek  ujmowane  s\u0105  tylko  w  takim  zakresie,  w  jakim  wcze\u015bniej  uj\u0119to  zobowi\u0105zanie  z  tytu\u0142u  umowy z Franco Nevada. Ustalenie ceny transakcyjnej przypisanej do pozosta\u0142ych zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 W  sytuacji,  kiedy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  Grupa  posiada  pozosta\u0142e  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, wymagane  jest  ujawnienie  ceny  transakcyjnej  przypisanej  do  tych  zobowi\u0105za\u0144  (MSSF  15.120-122).  Grupa  stosuje  rozwi\u0105zanie praktyczne i nie ujawnia zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 stanowi\u0105cych cz\u0119\u015b\u0107 um\u00f3w, kt\u00f3rych przewidywany pierwotny okres obowi\u0105zywania wynosi jeden rok lub kr\u00f3cej. Grupa posiada r\u00f3wnie\u017c kontrakty d\u0142ugoterminowe, w kt\u00f3rych cena jest oparta g\u0142\u00f3wnie na wynagrodzeniu zmiennym, kt\u00f3rego Grupa nie uwzgl\u0119dnia w szacunku ceny transakcyjnej. Ponadto, Grupa (przez sp\u00f3\u0142k\u0119 DMC) realizuje kontrakty d\u0142ugoterminowe na budow\u0119 kopal\u0144, w kt\u00f3rych do ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach  spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie,  kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. \u0141\u0105czna kwota ceny transakcyjnej przypisanej do zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144, kt\u00f3re pozosta\u0142y niespe\u0142nione na koniec okresu sprawozdawczego wynios\u0142a 899 mln PLN, z czego kwota 559 mln PLN zostanie zrealizowana w roku 2023, kwota 149 mln PLN zostanie zrealizowana w 2024 r., a kwota 191 mln PLN zostanie zrealizowana w 2025 r. lub p\u00f3\u017aniej. W tych kontraktach nie wyst\u0119puje zmienny element wynagrodzenia. Zasady rachunkowo\u015bci Podatek dochodowy uj\u0119ty w wyniku finansowym obejmuje podatek bie\u017c\u0105cy oraz podatek odroczony. Podatek bie\u017c\u0105cy wyliczany jest zgodnie z aktualnym prawem podatkowym.  W dniu 6 pa\u017adziernika 2021 r. podpisano umow\u0119 przed\u0142u\u017caj\u0105c\u0105 okres funkcjonowania Podatkowej Grupy Kapita\u0142owej \u201ePGK KGHM  II\u201d  na  3  kolejne  lata  podatkowe,  tj.  od  2022  r.  do  2024  r.  Jest  to  druga  Podatkowa  Grupa  Kapita\u0142owa  utworzona w ramach Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. Podatkowa Grupa Kapita\u0142owa \u201ePGK KGHM I\u201d funkcjonowa\u0142a w latach 2016-2018.  Realne  korzy\u015bci  odnotowane  w  okresie  funkcjonowania  pierwszej   PGK  KGHM,  w  tym  mo\u017cliwo\u015b\u0107  bie\u017c\u0105cego wykorzystywania  strat  generowanych  przez  cz\u0119\u015b\u0107  sp\u00f3\u0142ek  wchodz\u0105cych  w  sk\u0142ad  PGK  do  rozliczania  ich  z  dochodami pozosta\u0142ych  sp\u00f3\u0142ek oraz  pozytywny  wynik  analizy  sp\u00f3\u0142ek z  Grupy  pod  k\u0105tem  spe\u0142nienia  przes\u0142anek  wskazanych  w ustawie o podatku dochodowym od os\u00f3b prawnych stanowi\u0142y podstaw\u0119 do  utworzenia nowej podatkowej grupy kapita\u0142owej \u2013 PGK KGHM II. W sk\u0142ad PGK KGHM II wchodz\u0105:  1)      KGHM Polska Mied\u017a S.A. 2)      Energetyka sp. z o.o. 3)      Zag\u0142\u0119bie Lubin S.A. 4)      Miedziowe Centrum Zdrowia S.A. 5)      KGHM CUPRUM sp. z o.o. \u2013 Centrum Badawczo-Rozwojowe 6)      INOVA Centrum Innowacji Technicznych sp. z o.o. 7)      PeBeKa S.A. 8)      KGHM ZANAM S.A. 9)      POL-MIED\u0179 TRANS Sp. z o.o.      10)   Mercus Logistyka sp. z o.o. 11)   KGHM Metraco S.A. 12)   Sp\u00f3\u0142ki celowe: Future 1 Sp. z o.o., Future 3 Sp. z o.o., Future 4 Sp. z o.o., Future 5 Sp. z o.o.  13)   KGHM Centrum Analityki Sp. z o.o. 14)   Centrum Bada\u0144 Jako\u015bci Sp. z o.o. 15)   BIPROMET S.A. Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Odroczony  podatek  dochodowy  ustala  si\u0119  przy  zastosowaniu  stawek i  przepis\u00f3w  podatkowych,  kt\u00f3re  wed\u0142ug  przewidywa\u0144  b\u0119d\u0105 obowi\u0105zywa\u0107  wtedy,  gdy  sk\u0142adnik  aktyw\u00f3w  zostanie  zrealizowany a  zobowi\u0105zanie  rozliczone,  przyjmuj\u0105c  za  podstaw\u0119  stawki  i  przepisy podatkowe,  kt\u00f3re  obowi\u0105zywa\u0142y  prawnie  lub  faktycznie  na  koniec okresu sprawozdawczego. Zobowi\u0105zania  i  aktywa  z  tytu\u0142u  odroczonego  podatku  dochodowego tworzone  s\u0105  od  r\u00f3\u017cnic  przej\u015bciowych  pomi\u0119dzy  warto\u015bci\u0105  podatkow\u0105 aktyw\u00f3w  i  zobowi\u0105za\u0144,  a  ich  warto\u015bci\u0105  bilansow\u0105  w  sprawozdaniu finansowym,  za  wyj\u0105tkiem  r\u00f3\u017cnic  przej\u015bciowych  wynikaj\u0105cych z  pocz\u0105tkowego  uj\u0119cia  aktywa  lub  zobowi\u0105zania  w  transakcji niestanowi\u0105cej  po\u0142\u0105czenia  przedsi\u0119wzi\u0119\u0107,  kt\u00f3ra  w  momencie  jej przeprowadzenia, nie wp\u0142ywa na wynik finansowy brutto ani na zysk do opodatkowania (strat\u0119 podatkow\u0105). Aktywa z tytu\u0142u odroczonego podatku dochodowego ujmuje si\u0119, je\u017celi jest  prawdopodobne,  \u017ce  w  przysz\u0142o\u015bci  osi\u0105gni\u0119ty  zostanie  doch\u00f3d do opodatkowania,  kt\u00f3ry  umo\u017cliwi  potr\u0105cenie  r\u00f3\u017cnic  przej\u015bciowych lub wykorzystanie strat podatkowych. Kompensaty  aktyw\u00f3w  i  zobowi\u0105za\u0144  z  tytu\u0142u  podatku  odroczonego dokonuje si\u0119, gdy sp\u00f3\u0142ka posiada mo\u017cliwy do wyegzekwowania tytu\u0142 do przeprowadzenia  kompensaty  nale\u017cno\u015bci  i  zobowi\u0105za\u0144  z  tytu\u0142u bie\u017c\u0105cego  podatku  dochodowego  oraz,  gdy  aktywa  i  zobowi\u0105zania z  tytu\u0142u  podatku  odroczonego  dotycz\u0105  podatku  dochodowego na\u0142o\u017conego przez t\u0119 sam\u0105 w\u0142adz\u0119 podatkow\u0105. Ocena  prawdopodobie\u0144stwa  realizacji  aktyw\u00f3w z  tytu\u0142u  odroczonego  podatku  dochodowego z  przysz\u0142ymi  zyskami  podatkowymi  opiera  si\u0119  na bud\u017cetach sp\u00f3\u0142ek Grupy Kapita\u0142owej. Sp\u00f3\u0142ki Grupy Kapita\u0142owej uj\u0119\u0142y w ksi\u0119gach rachunkowych aktywa z  tytu\u0142u  odroczonego  podatku  dochodowego  do wysoko\u015bci,  do  kt\u00f3rej  jest  prawdopodobne, i\u017c osi\u0105gn\u0105 zysk do opodatkowania, kt\u00f3ry pozwoli na potr\u0105cenie ujemnych r\u00f3\u017cnic przej\u015bciowych. Sp\u00f3\u0142ki  Grupy  Kapita\u0142owej,  kt\u00f3re  historycznie generowa\u0142y  straty  i  kt\u00f3rych  projekcje  finansowe nie przewiduj\u0105 osi\u0105gni\u0119cia zysku do opodatkowania umo\u017cliwiaj\u0105cego  potr\u0105cenie  ujemnych  r\u00f3\u017cnic przej\u015bciowych, nie rozpoznaj\u0105  w  swoich  ksi\u0119gach rachunkowych  aktyw\u00f3w  z tytu\u0142u  odroczonego podatku dochodowego. Podatek  od  wydobycia  niekt\u00f3rych  kopalin  w  Jednostce  Dominuj\u0105cej  naliczany  jest  od  ilo\u015bci  miedzi  i  srebra  zawartej w wyprodukowanym  koncentracie i jego  wysoko\u015b\u0107 jest uzale\u017cniona od  notowa\u0144 tych  metali  i kursu USD/PLN.  Podatek obci\u0105\u017ca koszt wytworzenia produktu podstawowego, jednak nie stanowi kosztu uzyskania przychod\u00f3w do cel\u00f3w kalkulacji obci\u0105\u017ce\u0144 z tytu\u0142u CIT. Zasady rachunkowo\u015bci Nale\u017cno\u015bci  z  tytu\u0142u  podatk\u00f3w  obejmuj\u0105  nale\u017cno\u015bci  z  tytu\u0142u  bie\u017c\u0105cego  podatku  dochodowego  oraz  rozliczenia  z  tytu\u0142u podatku VAT. Nale\u017cno\u015bci  niestanowi\u0105ce  aktyw\u00f3w  finansowych  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  nominalnej  i  wycenia  na  dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty. Zobowi\u0105zania  z  tytu\u0142u  podatk\u00f3w  obejmuj\u0105  zobowi\u0105zania  Grupy  wobec  urz\u0119du  skarbowego  z  tytu\u0142u  podatku dochodowego  od  os\u00f3b  prawnych,  w  tym  z  tytu\u0142u  podatku  u  \u017ar\u00f3d\u0142a,  podatku  dochodowego  od  os\u00f3b  fizycznych  oraz zobowi\u0105zania z tytu\u0142u podatku od wydobycia niekt\u00f3rych kopalin oraz podatku akcyzowego.  Zobowi\u0105zania niezaliczone do zobowi\u0105za\u0144 finansowych wycenia si\u0119 w kwocie wymagaj\u0105cej zap\u0142aty. Zasady rachunkowo\u015bci Pozycja zaanga\u017cowanie  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  obejmuje:  inwestycje  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  wyceniane metod\u0105 praw w\u0142asno\u015bci oraz po\u017cyczki udzielone wsp\u00f3lnym przedsi\u0119wzi\u0119ciom. Grupa  kwalifikuje  do  inwestycji  wycenianych  metod\u0105  praw  w\u0142asno\u015bci  udzia\u0142y  we  wsp\u00f3lnych  przedsi\u0119wzi\u0119ciach b\u0119d\u0105cych wsp\u00f3lnymi ustaleniami umownymi, w kt\u00f3rych strony sprawuj\u0105ce wsp\u00f3\u0142kontrol\u0119 maj\u0105 prawa do  aktyw\u00f3w netto  tej  jednostki.  Wsp\u00f3\u0142kontrola  wyst\u0119puje  w\u00f3wczas,  gdy  decyzje  dotycz\u0105ce  istotnej  dzia\u0142alno\u015bci  wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 wymagaj\u0105 jednomy\u015blnej zgody stron wsp\u00f3\u0142kontroluj\u0105cych.  Inwestycje te pocz\u0105tkowo ujmuje si\u0119 wed\u0142ug ceny nabycia. Udzia\u0142 Grupy w zysku lub stracie jednostek wycenianych metod\u0105 praw w\u0142asno\u015bci (ustalony z uwzgl\u0119dnieniem wp\u0142ywu wycen do warto\u015bci godziwej z dnia nabycia inwestycji) od dnia  nabycia  ujmuje  si\u0119  w  wyniku  finansowym,  za\u015b  jej  udzia\u0142  w  zmianach  stanu  zakumulowanych  pozosta\u0142ych ca\u0142kowitych dochod\u00f3w od dnia nabycia w odpowiedniej pozycji zakumulowanych ca\u0142kowitych dochod\u00f3w.  Niezrealizowane zyski i straty z tytu\u0142u transakcji pomi\u0119dzy inwestorem a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem s\u0105 eliminowane w  kwocie  odpowiadaj\u0105cej  udzia\u0142owi  inwestora  w  tych  zyskach/(stratach)  w  korespondencji  z  warto\u015bci\u0105  bilansow\u0105 udzia\u0142u  Grupy  w  tej  jednostce.  W  sytuacji,  gdy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  udzia\u0142  Grupy w niezrealizowanym  zysku  na  transakcjach  pomi\u0119dzy  Grup\u0105  a  wsp\u00f3lnym  przedsi\u0119wzi\u0119ciem  przekracza  warto\u015b\u0107 bilansow\u0105 inwestycji w t\u0119 jednostk\u0119, udzia\u0142 Grupy w tych zyskach podlega eliminacji do poziomu bilansowego udzia\u0142u Grupy w tej jednostce. Eliminacji niezrealizowanych zysk\u00f3w w proporcji do udzia\u0142\u00f3w Grupy, nierozliczonych w okresie, w  kt\u00f3rym  nast\u0105pi\u0142a  transakcja,  dokonuje  si\u0119  w  kolejnych  okresach  sprawozdawczych  w  momencie,  gdy  warto\u015b\u0107 bilansowa udzia\u0142u Grupy w tej jednostce osi\u0105gnie warto\u015b\u0107 powy\u017cej zera. Inwestycja  testowana  jest  na  utrat\u0119  warto\u015bci  w  przypadku  wyst\u0105pienia  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107 wyst\u0105pienia utraty warto\u015bci poprzez wyliczenie warto\u015bci odzyskiwalnej. Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Istnienie wsp\u00f3\u0142kontroli Grupa Kapita\u0142owa kwalifikuje jako wsp\u00f3lne przedsi\u0119wzi\u0119cie zgodnie z MSSF 11 sp\u00f3\u0142k\u0119 Sierra Gorda S.C.M. z siedzib\u0105 w Chile,  w  kt\u00f3rej  udzia\u0142  kapita\u0142owy  KGHM  INTERNATIONAL  LTD.  wynosi  55%.  Kwalifikacji  Sierra  Gorda  S.C.M. do kategorii  wsp\u00f3lnych  przedsi\u0119wzi\u0119\u0107,  mimo  55%  udzia\u0142u  Grupy  Kapita\u0142owej,  dokonano  na  podstawie  analizy warunk\u00f3w porozumie\u0144 pomi\u0119dzy stronami oraz ustale\u0144 umownych, kt\u00f3re wskaza\u0142y na sprawowanie wsp\u00f3\u0142kontroli. Zgodnie z warunkami porozumie\u0144 wszystkie istotne dzia\u0142ania Sierra Gorda S.C.M. wymagaj\u0105 jednomy\u015blnej zgody obu w\u0142a\u015bcicieli.  W powo\u0142ywanej  Radzie  w\u0142a\u015bcicieli  Grupa  oraz  pozostali  w\u0142a\u015bciciele  maj\u0105  po  trzech  cz\u0142onk\u00f3w.  Rada w\u0142a\u015bcicieli  podejmuje  decyzje  strategiczne  i sprawuje  nadz\u00f3r  nad  ich  wykonaniem.  Zatwierdza  r\u00f3wnie\u017c  sk\u0142ad najwy\u017cszej kadry menad\u017cerskiej. W okresie sprawozdawczym nie uleg\u0142y zmianie postanowienia, kt\u00f3re by\u0142y podstaw\u0105 kwalifikacji inwestycji do kategorii wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107. Zgodnie z os\u0105dem Grupy, po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. nie spe\u0142niaj\u0105 kryteri\u00f3w uznania  za  inwestycj\u0119  netto  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczek  jest  planowane i prawdopodobne w daj\u0105cej si\u0119 przewidzie\u0107 przysz\u0142o\u015bci. Zasady rachunkowo\u015bci  Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Po\u017cyczki  udzielone  Sierra  Gorda  S.C.M.  zosta\u0142y zakwalifikowane  do  aktyw\u00f3w  finansowych  dotkni\u0119tych utrat\u0105 warto\u015bci ze wzgl\u0119du na wysokie ryzyko kredytowe na  moment  pocz\u0105tkowego  uj\u0119cia  (POCI).  Po\u017cyczki  POCI wyceniane  s\u0105  wed\u0142ug  zamortyzowanego  kosztu  przy zastosowaniu  metody  efektywnej  stopy  procentowej skorygowanej  o  ryzyko  kredytowe  przy  wykorzystaniu analizy  scenariuszowej  i  dost\u0119pnych  wolnych  \u015brodk\u00f3w pieni\u0119\u017cnych Sierra Gorda S.C.M. Warunki  sp\u0142aty  po\u017cyczek  udzielonych  na  finansowanie operacji zagranicznych, w  tym przewidywane terminy sp\u0142aty, zosta\u0142y  okre\u015blone  w  poszczeg\u00f3lnych  umowach.  Zgodnie z harmonogramem,  kwota  g\u0142\u00f3wna  i odsetki  p\u0142atne  s\u0105  na \u017c\u0105danie,  nie  p\u00f3\u017aniej  jednak  ni\u017c  do 15 grudnia  2024  r.  Ze wzgl\u0119du na implementacj\u0119 MSSF 9, na dzie\u0144 1 stycznia 2018 r. oszacowano oczekiwan\u0105 niezdyskontowan\u0105 strat\u0119 kredytow\u0105 na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln  USD  przeliczone  kursem  NBP  USD/PLN  3,4813 z dnia 29 grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od sytuacji  finansowej  tej  sp\u00f3\u0142ki.  W  zwi\u0105zku  z  dobr\u0105  sytuacj\u0105 finansow\u0105 w 2021 r. mia\u0142y  miejsce pierwsze  sp\u0142aty w \u0142\u0105cznej kwocie  308 mln  USD  (1  259  mln  PLN).  W  roku  2022  r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej  kwocie  193  mln  USD (789  mln  PLN).  Z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczki  jest planowane  i prawdopodobne  w  daj\u0105cej  si\u0119  przewidzie\u0107 przysz\u0142o\u015bci,  po\u017cyczka  ta  nie  stanowi  inwestycji  netto w rozumieniu MSR 21.15.  Grupa przeprowadzi\u0142a wycen\u0119 po\u017cyczki zgodnie z wymogami MSSF  9.5.5.17.  Dla  oszacowania  oczekiwanych  strat kredytowych  wykorzystano  analiz\u0119  scenariuszow\u0105  (MSSF 9.5.5.18)  obejmuj\u0105c\u0105  za\u0142o\u017cenia  Grupy  odno\u015bnie  sp\u0142acalno\u015bci udzielonej  po\u017cyczki.  Analiz\u0119  scenariuszow\u0105  oparto  o przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda  S.C.M.  oszacowane  w oparciu  o  aktualne  \u015bcie\u017cki  rynkowych  prognoz  cenowych metali,  kt\u00f3re  nast\u0119pnie  zosta\u0142y  zdyskontowane  przy zastosowaniu efektywnej stopy procentowej skorygowanej o ryzyko  kredytowe,  ustalonej  przy  pocz\u0105tkowym  uj\u0119ciu po\u017cyczki zgodnie z MSSF 9.B5.5.45 na poziomie 6,42%. Pozosta\u0142e  istotne  za\u0142o\u017cenia  wykorzystane  przy  wycenie po\u017cyczki dotycz\u0105: \u2022  prawdopodobie\u0144stwa realizacji poszczeg\u00f3lnych scenariuszy wyceny, \u2022  poziomu produkcji, \u2022  poziomu koszt\u00f3w, \u2022  poziomu nak\u0142ad\u00f3w inwestycyjnych, \u2022  finansowania zewn\u0119trznego Sierra Gorda S.C.M., \u2022  formy i poziomu finansowania w\u0142a\u015bcicielskiego Sierra Gorda S.C.M., \u2022  opodatkowania na poziomie Sierra Gorda S.C.M., \u2022  dystrybucji \u015brodk\u00f3w pieni\u0119\u017cnych.  Przysz\u0142a realizacja za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu czynnik\u00f3w makroekonomicznych, operacyjnych, finansowych oraz uzgodnie\u0144 pomi\u0119dzy partnerami JV (analiza wra\u017cliwo\u015bci warto\u015bci bilansowej po\u017cyczki w Nocie 7.5.2.4). Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych. Poziom 1 Akcje notowane Akcje wyceniono w oparciu o notowania GPW w Warszawie S.A. oraz TSX Venture Exchange w Toronto.  D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe wyceniono w oparciu o notowania na rynku Catalyst prowadzone na GPW w Warszawie S.A.  Poziom 2 Akcje/udzia\u0142y nienotowane Akcje/udzia\u0142y  nienotowane  wyceniane  s\u0105  z  zastosowaniem  wyceny  maj\u0105tkowej  wg  skorygowanych  aktyw\u00f3w  netto. Do wyceny zosta\u0142y wykorzystane dane wej\u015bciowe inne ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re s\u0105 obserwowalne (np. ceny transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny,  rynkowe  stopy  procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych).  Nale\u017cno\u015bci od odbiorc\u00f3w Nale\u017cno\u015bci  z  tytu\u0142u  realizacji  transakcji  sprzeda\u017cy  dla  kontrakt\u00f3w  rozliczaj\u0105cych  si\u0119  ostatecznie  wg  cen  z przysz\u0142o\u015bci, wyceniono do cen  terminowych w  zale\u017cno\u015bci od okresu/miesi\u0105ca kwotowania umownego.  Ceny  terminowe  uzyskuje  si\u0119 z systemu Reuters.   Dla  nale\u017cno\u015bci  obj\u0119tych  faktoringiem  pe\u0142nym  warto\u015b\u0107  godziw\u0105  ustala  si\u0119  na  poziomie  warto\u015bci  nale\u017cno\u015bci  przekazanej do faktora (warto\u015b\u0107 nominalna z faktury) pomniejszonej o odsetki stanowi\u0105ce wynagrodzenie faktora. Ze wzgl\u0119du na kr\u00f3tki okres pomi\u0119dzy przekazaniem nale\u017cno\u015bci do faktora a jej sp\u0142at\u0105, warto\u015bci godziwej nie  koryguje si\u0119 o  ryzyko  kredytowe faktora i wp\u0142yw up\u0142ywu czasu. Po\u017cyczki udzielone W pozycji tej uj\u0119to po\u017cyczki wycenione w warto\u015bci godziwej dla kt\u00f3rych warto\u015b\u0107 godziwa  zosta\u0142a oszacowana na bazie przep\u0142yw\u00f3w  kontraktowych  (z  umowy)  przy  wykorzystaniu  modelu  zdyskontowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych z uwzgl\u0119dnieniem ryzyka kredytowego po\u017cyczkobiorcy. Pozosta\u0142e aktywa/zobowi\u0105zania finansowe W pozycji tej uj\u0119to nale\u017cno\u015bci/zobowi\u0105zania z tytu\u0142u rozliczenia pochodnych instrument\u00f3w finansowych, kt\u00f3rych termin p\u0142atno\u015bci  przypada  dwa  dni  robocze  po  dniu  ko\u0144cz\u0105cym  okres  sprawozdawczy.  Instrumenty  te  wycenione  zosta\u0142y  do warto\u015bci godziwej ustalonej wed\u0142ug ceny referencyjnej rozliczenia tych transakcji. Pochodne instrumenty finansowe \u2013 walutowe oraz walutowo-odsetkowe W  przypadku  transakcji  instrument\u00f3w  pochodnych  na  rynku  walutowym  oraz  transakcji  walutowo-odsetkowych  (CIRS), w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119 cenami terminowymi na daty zapadalno\u015bci poszczeg\u00f3lnych transakcji. Cena terminowa dla kurs\u00f3w walutowych obliczona zosta\u0142a na podstawie fixingu i odpowiednich st\u00f3p procentowych. Stopy procentowe  dla  walut  oraz  wska\u017aniki  zmienno\u015bci  ich  kurs\u00f3w  s\u0105  uzyskiwane  z serwisu  Reuters.  Do  wyceny  opcji europejskich na rynkach walutowych pos\u0142u\u017cono si\u0119 standardowym modelem Garmana-Kohlhagena. Pochodne instrumenty finansowe \u2013 metale  W przypadku transakcji instrument\u00f3w pochodnych na rynku towarowym, w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119  cenami  terminowymi  na  daty  zapadalno\u015bci  poszczeg\u00f3lnych  transakcji.  W  przypadku  miedzi  u\u017cyto  oficjalne  ceny zamkni\u0119cia London Metal Exchange, a w odniesieniu do srebra oraz z\u0142ota - ceny fixing ustalonej na London Bullion Market Association. Wska\u017aniki zmienno\u015bci oraz krzywe terminowe s\u0142u\u017c\u0105ce do wyceny instrument\u00f3w pochodnych na koniec okresu sprawozdawczego  uzyskano  z systemu  Reuters.  Do  wyceny  opcji  azjatyckich  na  rynkach  metali  wykorzystana  zosta\u0142a aproksymacja Levy\u2019ego do metodologii Blacka-Scholesa. Otrzymane d\u0142ugoterminowe kredyty i po\u017cyczki Warto\u015b\u0107  godziwa  kredyt\u00f3w  i  po\u017cyczek  szacowana  jest  poprzez  zdyskontowanie  zwi\u0105zanych  z  tymi  zobowi\u0105zaniami przep\u0142yw\u00f3w finansowych w terminach i na warunkach wynikaj\u0105cych z um\u00f3w przy zastosowaniu bie\u017c\u0105cych st\u00f3p. Warto\u015b\u0107 godziwa r\u00f3\u017cni si\u0119 od warto\u015bci bilansowej o kwot\u0119 prowizji zap\u0142aconych w zwi\u0105zku z otrzymanym finansowaniem. Poziom 3 Po\u017cyczki udzielone  Do  kategorii  tej  zaliczamy  po\u017cyczki  udzielone  wyceniane  w  sprawozdaniu  z  sytuacji  finansowej  w  zamortyzowanym koszcie,  ze  wzgl\u0119du  na  wykorzystanie  w wycenie  do  warto\u015bci  godziwej  za\u0142o\u017ce\u0144  nieobserwowalnych.  W  oszacowaniu warto\u015bci  godziwej  tych  po\u017cyczek  istotnym  elementem  szacunku  s\u0105  prognozowane  przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda S.C.M.,  kt\u00f3re  stanowi\u0105  nieobserwowalne  dane  wej\u015bciowe  i  zgodnie  z  MSSF  13  warto\u015b\u0107  godziwa  tych  aktyw\u00f3w klasyfikowana  jest  do poziomu  3  hierarchii.  Stopa  dyskonta  przyj\u0119ta  do  wyliczenia  warto\u015bci  godziwej  po\u017cyczek wycenianych w zamortyzowanym koszcie wynosi 9,75% ( na dzie\u0144 31 grudnia 2021 r. 8%). Szczeg\u00f3\u0142owe  ujawnienia  w  zakresie  za\u0142o\u017ce\u0144  przyj\u0119tych  do  wyceny  po\u017cyczek  zaprezentowano  w  Nocie  6.2,  natomiast wra\u017cliwo\u015b\u0107  warto\u015bci  godziwej  zakwalifikowanej  do  poziomu  3  dla  udzielonych  po\u017cyczek  w  Nocie  7.5.2.4.  Na  dzie\u0144 31 grudnia  2022  r.  za\u0142o\u017cenia  przyj\u0119te  do  prognozowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  zastosowane  do  wyceny  warto\u015bci godziwej s\u0105 sp\u00f3jne z za\u0142o\u017ceniami dot. obliczenia warto\u015bci bilansowej, natomiast r\u00f3\u017cnica pomi\u0119dzy warto\u015bci\u0105 bilansowa a warto\u015bci\u0105 godziw\u0105 wynika z przyj\u0119cia r\u00f3\u017cnych st\u00f3p dyskontowych. Pozosta\u0142e aktywa finansowe W pozycji tej uj\u0119to nale\u017cno\u015b\u0107 z tytu\u0142u p\u0142atno\u015bci warunkowych zwi\u0105zanych z umow\u0105 zbycia sp\u00f3\u0142ki zale\u017cnej S.C.M. Franke, kt\u00f3ra zosta\u0142a oszacowana na podstawie modelu prawdopodobie\u0144stwa, wynikaj\u0105cego z oferty wi\u0105\u017c\u0105cej z uwzgl\u0119dnieniem dyskonta dla wyp\u0142at na lata przysz\u0142e. Nota 7.2 Pochodne instrumenty finansowe Zasady rachunkowo\u015bci Pochodne instrumenty finansowe  zalicza  si\u0119 do  aktyw\u00f3w/zobowi\u0105za\u0144 finansowych wycenianych w  warto\u015bci godziwej przez wynik finansowy, o ile nie zosta\u0142y wyznaczone jako instrumenty zabezpieczaj\u0105ce. Transakcje kupna lub sprzeda\u017cy instrument\u00f3w pochodnych ujmuje si\u0119 na dzie\u0144 przeprowadzenia (zawarcia) transakcji.  Instrumenty pochodne nie wyznaczone jako zabezpieczaj\u0105ce, okre\u015blane jako instrumenty pochodne handlowe, ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci godziwej z uj\u0119ciem zysk\u00f3w/strat z wyceny w wyniku finansowym.  W Grupie Kapita\u0142owej KGHM Polska Mied\u017a S.A. Jednostka Dominuj\u0105ca  stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Celem  stosowania  rachunkowo\u015bci  zabezpiecze\u0144  jest  ograniczenie  zmienno\u015bci  wyniku  netto  Jednostki Dominuj\u0105cej, wynikaj\u0105cej z  okresowych zmian wyceny  transakcji  zabezpieczaj\u0105cych poszczeg\u00f3lne  ryzyka rynkowe, na kt\u00f3re  nara\u017cona  jest  Jednostka Dominuj\u0105ca.  Instrumentami  zabezpieczaj\u0105cymi  mog\u0105  by\u0107  instrumenty  pochodne  oraz kredyty i po\u017cyczki w walucie obcej.  Wyznaczane  zabezpieczenia  dotycz\u0105  przysz\u0142ych  prognozowanych transakcji  sprzeda\u017cy  przyj\u0119tych  w  Planie  Sprzeda\u017cy na dany rok. Plany te sporz\u0105dzane s\u0105 w oparciu o mo\u017cliwo\u015bci produkcyjne na dany okres. Jednostka Dominuj\u0105ca ocenia prawdopodobie\u0144stwo wyst\u0105pienia transakcji uj\u0119tych w planie produkcji jako bardzo wysokie, poniewa\u017c z historycznego punktu  widzenia sprzeda\u017c  zawsze  realizowana by\u0142a  na  poziomach  za\u0142o\u017conych  w  poszczeg\u00f3lnych  Planach  Sprzeda\u017cy. Pozycj\u0119 zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie\u017c przysz\u0142e przep\u0142ywy z tytu\u0142u koszt\u00f3w odsetkowych od wyemitowanych obligacji w PLN. Jednostka  Dominuj\u0105ca  mo\u017ce  korzysta\u0107  z  naturalnych  zabezpiecze\u0144  ryzyka  walutowego  poprzez  zastosowanie rachunkowo\u015bci zabezpiecze\u0144 w stosunku do kredyt\u00f3w i po\u017cyczek denominowanych w USD, wyznaczaj\u0105c je jako pozycje zabezpieczaj\u0105ce  przed  ryzykiem  kursu  walutowego  zwi\u0105zanego  z  przysz\u0142ymi  przychodami  Jednostki  Dominuj\u0105cej ze sprzeda\u017cy miedzi, srebra i innych metali, denominowanych w USD. Zyski  i  straty  wynikaj\u0105ce ze  zmiany warto\u015bci  godziwej  instrumentu  zabezpieczaj\u0105cego przep\u0142ywy pieni\u0119\u017cne  ujmowane s\u0105 w pozosta\u0142ych  ca\u0142kowitych  dochodach,  w  takiej  cz\u0119\u015bci,  w  jakiej  dany  instrument  stanowi  skuteczne  zabezpieczenie zwi\u0105zanej  z nim  pozycji  zabezpieczanej.  Grupa  ujmuje  w  kapita\u0142ach  z  wyceny  cz\u0119\u015b\u0107  zmiany  instrumentu zabezpieczaj\u0105cego wynikaj\u0105cej ze zmiany warto\u015bci czasowej opcji, elementu terminowego oraz mar\u017cy walutowej. Cz\u0119\u015b\u0107 nieskuteczn\u0105 odnosi  si\u0119  do wyniku finansowego jako  pozosta\u0142e  przychody i koszty operacyjne. Zyski  lub straty powsta\u0142e  na  instrumencie  zabezpieczaj\u0105cym  przep\u0142ywy  pieni\u0119\u017cne  odnoszone  s\u0105 do wyniku  jako  korekta z przeklasyfikowania w momencie, gdy dana pozycja zabezpieczana wp\u0142ywa na wynik. Zaprzestaje  si\u0119  ujmowania instrument\u00f3w  pochodnych  jako  zabezpieczaj\u0105cych,  je\u017celi  instrument  pochodny  wyga\u015bnie, zostanie  sprzedany,  wypowiedziany,  zrealizowany  lub  je\u017celi  zmianie  uleg\u0142  cel  zarz\u0105dzania  ryzykiem  dla  danego powi\u0105zania.  Jednostka Dominuj\u0105ca mo\u017ce podj\u0105\u0107 decyzj\u0119 o ustanowieniu dla danego instrumentu pochodnego nowego powi\u0105zania zabezpieczaj\u0105cego,  dokona\u0107  zmiany  przeznaczenia  instrumentu  pochodnego  b\u0105d\u017a  wyznaczy\u0107  go  do  zabezpieczenia innego  rodzaju  ryzyka.  W\u00f3wczas,  dla zabezpiecze\u0144  przep\u0142yw\u00f3w  \u015brodk\u00f3w  pieni\u0119\u017cnych,  zyski  lub  straty  powsta\u0142e w okresach, w kt\u00f3rych zabezpieczenie by\u0142o efektywne pozostaj\u0105 w skumulowanych pozosta\u0142ych ca\u0142kowitych dochodach a\u017c do momentu, w kt\u00f3rym zabezpieczana pozycja wp\u0142ynie na wynik. Je\u015bli zabezpieczenie prognozowanej transakcji przestanie funkcjonowa\u0107 ze wzgl\u0119du na zaistnia\u0142e prawdopodobie\u0144stwo, \u017ce planowana  transakcja  nie  zostanie  zawarta,  w\u00f3wczas  zysk  lub  strata  netto  uj\u0119ta  w  pozosta\u0142ych  ca\u0142kowitych dochodach zostaje natychmiast przeniesiona do wyniku finansowego jako korekta wynikaj\u0105ca z przeklasyfikowania.    Je\u017celi umowa hybrydowa zawiera instrument podstawowy, kt\u00f3ry nie jest sk\u0142adnikiem aktyw\u00f3w finansowych, instrument pochodny  jest  oddzielany  od  instrumentu  podstawowego  i  jest  wyceniany  zgodnie  z  zasadami  przewidzianymi dla instrument\u00f3w  pochodnych,  wy\u0142\u0105cznie  gdy  (i)  ekonomiczna  charakterystyka  i  ryzyka  instrumentu  wbudowanego nie s\u0105 \u015bci\u015ble  powi\u0105zane  z  charakterem  umowy  zasadniczej  i  ryzykami  z  niej  wynikaj\u0105cymi,  (ii)  odr\u0119bny  instrument, kt\u00f3rego charakterystyka odpowiada cechom wbudowanego instrumentu pochodnego, spe\u0142nia\u0142by warunki instrumentu pochodnego,  oraz  (iii)  instrument  \u0142\u0105czny  nie  jest  zaliczany  do  aktyw\u00f3w  finansowych  wycenianych  wed\u0142ug  warto\u015bci godziwej,  kt\u00f3rych  skutki  przeszacowania  s\u0105  odnoszone  do  pozosta\u0142ych  przychod\u00f3w  lub    pozosta\u0142ych  koszt\u00f3w operacyjnych  okresu  sprawozdawczego.  Je\u017celi  wbudowany  instrument  pochodny  jest  wydzielany,  instrument podstawowy  jest  wyceniany  zgodnie  z  odpowiednimi  dla niego  zasadami  rachunkowo\u015bci.  Jednostka  Dominuj\u0105ca wydziela wbudowane instrumenty pochodne w transakcjach  zakupu surowc\u00f3w z terminem rozliczenia w przysz\u0142o\u015bci po dacie uj\u0119cia faktury zakupu w ksi\u0119gach rachunkowych do dnia ostatecznego rozlic zenia transakcji.  J e\u017celi  umowa  hybrydowa  zawiera  instrument  podstawowy,  kt\u00f3ry  jest  sk\u0142adnikiem  aktyw\u00f3w  finansowych,  kryteria przewidziane dla klasyfikacji aktyw\u00f3w finansowych stosuje si\u0119 do \u0142\u0105cznej umowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyceny do warto\u015bci godziwej instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1, w  punkcie  \u201e Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych\u201d  oraz w tabelach w Nocie 7.2 poni\u017cej. Zasady rachunkowo\u015bci Wa\u017cne oszacowania za\u0142o\u017cenia i os\u0105dy W  pozycji  inne  instrumenty  finansowe  wyceniane w zamortyzowanym koszcie wykazuje si\u0119 aktywa finansowe przeznaczone  na  pokrycie  koszt\u00f3w  likwidacji  kopal\u0144 (zasady  rachunkowo\u015bci  w zakresie  obowi\u0105zku  likwidacji kopal\u0144  przedstawiono  w  Nocie  9.4)  oraz  inne  aktywa finansowe nie zaklasyfikowane do pozosta\u0142ych pozycji. Aktywa  zaliczone  zgodnie  z  MSSF  9  do  kategorii \u201ewyceniane  w zamortyzowanym  koszcie\u201d  ujmuje  si\u0119 pocz\u0105tkowo  w warto\u015bci  godziwej  skorygowanej  o  koszty transakcyjne,  kt\u00f3re  mo\u017cna  bezpo\u015brednio  przypisa\u0107  do nabycia  tych  aktyw\u00f3w  oraz  wycenia  na  dzie\u0144  ko\u0144cz\u0105cy okres  sprawozdawczy  wed\u0142ug  zamortyzowanego  kosztu przy zastosowaniu metody efektywnej stopy procentowej, z uwzgl\u0119dnieniem utraty warto\u015bci. Analiza  wra\u017cliwo\u015bci  na  ryzyko  zmian  st\u00f3p  procentowych \u015brodk\u00f3w  pieni\u0119\u017cnych  zgromadzonych  na  rachunku bankowym Funduszu  Likwidacji  Zak\u0142adu  G\u00f3rniczego  oraz inwestycji w d\u0142u\u017cne papiery warto\u015bciowe zaprezentowana zosta\u0142a w Nocie 7.5.1.4. Zasady rachunkowo\u015bci Grupa  ujmuje  odpis  z  tytu\u0142u  oczekiwanych  strat  kredytowych  na  sk\u0142adnikach  aktyw\u00f3w  finansowych  wycenianych w zamortyzowanym  koszcie.  Oczekiwane  straty  kredytowe  s\u0105  to  straty  kredytowe  wa\u017cone  prawdopodobie\u0144stwem wyst\u0105pienia  niewykonania  zobowi\u0105zania.  Grupa  stosuje  nast\u0119puj\u0105ce  modele  wyznaczania  odpis\u00f3w  z tytu\u0142u  utraty warto\u015bci: - model uproszczony \u2013 dla nale\u017cno\u015bci od odbiorc\u00f3w, - model og\u00f3lny (podstawowy) \u2013 dla pozosta\u0142ych aktyw\u00f3w finansowych. W modelu og\u00f3lnym Grupa monitoruje zmiany poziomu ryzyka kredytowego zwi\u0105zanego z danym sk\u0142adnikiem aktyw\u00f3w finansowych oraz klasyfikuje aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu  o  obserwacj\u0119  zmiany  poziomu  ryzyka  kredytowego  w  stosunku  do  pocz\u0105tkowego  uj\u0119cia  instrumentu. W szczeg\u00f3lno\u015bci,  monitorowaniu  podlega:  rating  kredytowy  oraz  sytuacja  finansowa  kontrahenta  i  okres przeterminowania p\u0142atno\u015bci. W zale\u017cno\u015bci od zaklasyfikowania do poszczeg\u00f3lnych stopni, odpis z tytu\u0142u utraty warto\u015bci jest  szacowany  w horyzoncie  12-miesi\u0119cy  (stopie\u0144  1)  lub  w  horyzoncie  \u017cycia  instrumentu  (stopie\u0144  2  oraz  stopie\u0144  3). Bezwzgl\u0119dn\u0105  przes\u0142ank\u0105  na  okre\u015blenie  wyst\u0105pienia  stanu  niewyp\u0142acalno\u015bci  (default)  jest  przeterminowanie  p\u0142atno\u015bci o ponad 90 dni.  W modelu uproszczonym Grupa nie monitoruje zmian poziomu ryzyka  kredytowego w  trakcie \u017cycia instrumentu oraz szacuje oczekiwan\u0105 strat\u0119 kredytow\u0105 w horyzoncie do terminu zapadalno\u015bci instrumentu w oparciu o historyczne dane dotycz\u0105ce sp\u0142acalno\u015bci nale\u017cno\u015bci od odbiorc\u00f3w. Zasady rachunkowo\u015bci Grupa  stosuje  model  uproszczony  do  kalkulacji  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  (bez wzgl\u0119du  na  termin  zapadalno\u015bci).  Oczekiwana  strata  kredytowa  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jest  kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy po momencie uj\u0119cia nale\u017cno\u015bci w sprawozdaniu z sytuacji finansowej oraz  jest  aktualizowana  na  ka\u017cdy  kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy.  Dla  cel\u00f3w  oszacowania  oczekiwanej straty  kredytowej  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jednostki  Grupy  wykorzystuj\u0105  macierze  rezerw  (provision  matrix) zbudowane w oparciu o historyczne poziomy sp\u0142acalno\u015bci nale\u017cno\u015bci od kontrahent\u00f3w, kt\u00f3re s\u0105 poddawane okresowej rekalibracji w celu aktualizacji.  Odpis na oczekiwane straty kredytowe wycenia si\u0119 w kwocie r\u00f3wnej oczekiwanym stratom kredytowym w ca\u0142ym okresie \u017cycia nale\u017cno\u015bci. Grupa przyj\u0119\u0142a za\u0142o\u017cenie, \u017ce ryzyko nale\u017cno\u015bci charakteryzowane jest przez liczb\u0119 dni op\u00f3\u017anienia i ten parametr  determinuje  szacowane  PD,  czyli  prawdopodobie\u0144stwo  op\u00f3\u017anienia  p\u0142atno\u015bci  nale\u017cno\u015bci  handlowych o co najmniej  90  dni.  Na  potrzeby  estymacji  PD  wyodr\u0119bniono  5  grup  ryzyka  w  oparciu  o  kryterium  dni  op\u00f3\u017anienia w terminie p\u0142atno\u015bci, zgodnie z przedzia\u0142ami przedstawionymi poni\u017cej jako \u201eWa\u017cne oszacowania i za\u0142o\u017cenia\u201d.  Za zdarzenie niewyp\u0142acalno\u015bci (default) uznaje si\u0119 brak wywi\u0105zania si\u0119 ze zobowi\u0105zania przez kontrahenta po up\u0142ywie 90 dni od dnia wymagalno\u015bci nale\u017cno\u015bci. W celu obliczenia odpisu z tytu\u0142u oczekiwanej straty kredytowej  uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczenia przypisuj\u0105c poszczeg\u00f3lnym typom zabezpiecze\u0144 oczekiwan\u0105 stop\u0119 odzysku. Ponadto,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  informacje  dotycz\u0105ce  przysz\u0142o\u015bci  w  stosowanych  parametrach  modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik\u00f3w  prawdopodobie\u0144stwa  niewyp\u0142acalno\u015bci. Oznacza  to,  \u017ce  je\u017celi  w  wyniku  analizy  danych  makroekonomicznych  takich  jak  np.:    bie\u017c\u0105ca  dynamika  PKB,  warto\u015b\u0107 inflacji, wska\u017anik bezrobocia  czy warto\u015b\u0107 WIG, Grupa uzna, \u017ce nast\u0105pi\u0142o ich pogorszenie w stosunku do poprzedniego okresu,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  czynnik  looking  forward,  koryguj\u0105cy  ryzyko  zwi\u0105zane  ze  spadkiem  odzysk\u00f3w z nale\u017cno\u015bci.  Mimo  rosn\u0105cej  inflacji  przy  korzystnym  kszta\u0142towaniu  si\u0119  m.in.  wska\u017anik\u00f3w  PKB,  bezrobocia  a  tak\u017ce prognoz  tych wska\u017anik\u00f3w Jednostka Dominuj\u0105ca nie stwierdzi\u0142a pogorszenia czynnik\u00f3w makroekonomicznych na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy tj. na 31 grudnia 2022 r . Odpisy z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w pieni\u0119\u017cnych zgromadzonych na rachunkach bankowych w funduszach celowych Funduszu  Likwidacji  Zak\u0142adu  G\u00f3rniczego  ustalono  indywidualnie  dla  ka\u017cdego  salda  dotycz\u0105cego  danej  instytucji finansowej. Do oceny ryzyka kredytowego u\u017cyto zewn\u0119trzne ratingi bank\u00f3w. Analiza wykaza\u0142a, i\u017c aktywa te maj\u0105 niskie ryzyko  kredytowe  na  dzie\u0144  sprawozdawczy.  Grupa  skorzysta\u0142a  z  uproszczenia  dozwolonego  przez  standard  i  odpis z tytu\u0142u utraty warto\u015bci ustalono na podstawie 12-miesi\u0119cznych strat kredytowych. Kalkulacja odpisu wykaza\u0142a nieistotn\u0105 kwot\u0119 odpisu z tytu\u0142u utraty warto\u015bci. Aktywa te zaliczone s\u0105 do Stopnia 1 modelu utraty warto\u015bci.  Ponadto  Jednostka  Dominuj\u0105ca  dokona\u0142a  zmiany  formy  Funduszu  Rekultywacji  Sk\u0142adowisk  Odpad\u00f3w  z  rachunku bankowego na gwarancj\u0119 bankow\u0105 z dniem 15 lipca 2022 r. Zasady rachunkowo\u015bci Kapita\u0142 akcyjny wykazywany jest w warto\u015bci nominalnej. Kapita\u0142  z  tytu\u0142u  wyceny  instrument\u00f3w  finansowych  powstaje  w  wyniku  wyceny  instrument\u00f3w  zabezpieczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne (Nota  7.2 Zasady  rachunkowo\u015bci)  oraz wyceny  aktyw\u00f3w finansowych do  warto\u015bci  godziwej przez pozosta\u0142e ca\u0142kowite dochody (Nota 7.3 Zasady rachunkowo\u015bci) po pomniejszeniu o efekt podatku odroczonego. Na zakumulowane pozosta\u0142e ca\u0142kowite dochody sk\u0142adaj\u0105 si\u0119 r\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  (Nota  1.2  Zasady  rachunkowo\u015bci)  oraz  zyski  i  straty  aktuarialne  z  wyceny program\u00f3w  okre\u015blonych  \u015bwiadcze\u0144  pracowniczych  po  okresie  zatrudnienia  po  pomniejszeniu  o efekt  podatku odroczonego (Cz\u0119\u015b\u0107 11 Zasady rachunkowo\u015bci). Zyski  zatrzymane  stanowi\u0105  sum\u0119  zysku  roku  bie\u017c\u0105cego  oraz  zakumulowanych  zysk\u00f3w  z  lat  poprzednich,  kt\u00f3re  nie zosta\u0142y  wyp\u0142acone  w formie  dywidendy,  ale  zosta\u0142y  przekazane  na  powi\u0119kszenie  kapita\u0142u  zapasowego  lub s\u0105 niepodzielone. Zasady rachunkowo\u015bci  Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej pomniejszonej (w przypadku zap\u0142aty)  lub powi\u0119kszonej (w przypadku naliczenia) o koszty transakcyjne stanowi\u0105ce integraln\u0105 cz\u0119\u015b\u0107 zaci\u0105gni\u0119tego finansowania i wycenia  si\u0119  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  wed\u0142ug  zamortyzowanego  kosztu  z  zastosowaniem  metody efektywnej  stopy  procentowej.  Naliczone  odsetki  odnoszone  s\u0105  do  koszt\u00f3w  finansowych,  chyba  \u017ce  podlegaj\u0105 kapitalizacji w warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych lub warto\u015bciach niematerialnych. Zasady rachunkowo\u015bci \u015arodki  pieni\u0119\u017cne  i  ich  ekwiwalenty  obejmuj\u0105  g\u0142\u00f3wnie  \u015brodki  pieni\u0119\u017cne  na  rachunkach  bankowych  oraz  depozyty bankowe  o  terminie  wymagalno\u015bci  do  trzech  miesi\u0119cy  od  dnia  ich  za\u0142o\u017cenia  (r\u00f3wnie\u017c  dla  cel\u00f3w  sprawozdania z przep\u0142yw\u00f3w  pieni\u0119\u017cnych).  \u015arodki  pieni\u0119\u017cne  wycenia  si\u0119  w  kwocie  nominalnej  powi\u0119kszonej  o  odsetki, z uwzgl\u0119dnieniem odpis\u00f3w z tytu\u0142u oczekiwanych strat kredytowych (Nota 7.5.2.1). Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji Zasady rachunkowo\u015bci - aktywa rzeczowe  Najistotniejsze  rzeczowe  aktywa  trwa\u0142e  Grupy  Kapita\u0142owej  stanowi\u0105  nieruchomo\u015bci  zwi\u0105zane  z  dzia\u0142alno\u015bci\u0105  g\u00f3rnicz\u0105 i hutnicz\u0105, obejmuj\u0105ce grunty w\u0142asne, budynki, obiekty in\u017cynierii wodnej i l\u0105dowej, takie jak: kapitalne wyrobiska g\u00f3rnicze (w tym, w kopalniach g\u0142\u0119binowych: szyby, studnie, sztolnie, chodniki, komory g\u0142\u00f3wne), ruroci\u0105gi podsadzkowe, odwadniaj\u0105ce i przeciwpo\u017carowe,  otwory  piezometryczne,  linie  kablowe  elektroenergetyczne,  sygnalizacyjne  i  \u015bwiat\u0142owodowe. Do rzeczowych  aktyw\u00f3w  trwa\u0142ych  g\u00f3rniczych  i hutniczych  zalicza  si\u0119  r\u00f3wnie\u017c  koszty  usuwania  nadk\u0142adu  w  kopalniach odkrywkowych  oraz  maszyny,  urz\u0105dzenia  techniczne,  \u015brodki  transportu  i  inne  ruchome  \u015brodki  trwa\u0142e  oraz  prawa  do u\u017cytkowania aktyw\u00f3w ujmowane zgodnie z MSSF 16 Leasing, w tym prawo wieczystego u\u017cytkowania grunt\u00f3w. Rzeczowe aktywa trwa\u0142e z wy\u0142\u0105czeniem prawa do u\u017cytkowania aktyw\u00f3w, wycenia si\u0119 w cenie nabycia/koszcie wytworzenia pomniejszonych o skumulowan\u0105 amortyzacj\u0119 (umorzenie) oraz skumulowane odpisy z tytu\u0142u utraty warto\u015bci . W  warto\u015bci  pocz\u0105tkowej  \u015brodk\u00f3w  trwa\u0142ych  Grupa  ujmuje  zdyskontowane  koszty  likwidacji  \u015brodk\u00f3w  trwa\u0142ych,  kt\u00f3re  b\u0119d\u0105 ponoszone  po  zako\u0144czeniu dzia\u0142alno\u015bci  g\u00f3rniczej  podziemnej  i  odkrywkowej  oraz innych  obiekt\u00f3w,  kt\u00f3re  zgodnie z obowi\u0105zuj\u0105cym prawem podlegaj\u0105 likwidacji  po zako\u0144czeniu dzia\u0142alno\u015bci. Zasady ujmowania i  wyceny koszt\u00f3w likwidacji przedstawione s\u0105 w Nocie 9.4.  W warto\u015bci bilansowej \u015brodka trwa\u0142ego ujmuje si\u0119 koszty istotnych cz\u0119\u015bci sk\u0142adowych, regularnych, znacz\u0105cych przegl\u0105d\u00f3w, oraz koszty istotnych remont\u00f3w cyklicznych, kt\u00f3rych przeprowadzenie warunkuje dalsz\u0105 mo\u017cliwo\u015b\u0107 u\u017cytkowania aktywa. Cen\u0119  nabycia/koszt  wytworzenia  powi\u0119kszaj\u0105  koszty  finansowania  zewn\u0119trznego  (tj.  odsetki  oraz  r\u00f3\u017cnice  kursowe stanowi\u0105ce  korekt\u0119  kosztu  odsetek)  zaci\u0105gni\u0119tego  na  nabycie  lub wytworzenie  dostosowywanego  sk\u0142adnika  rzeczowych aktyw\u00f3w trwa\u0142ych. Sk\u0142adniki aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania wycenia si\u0119 pocz\u0105tkowo wed\u0142ug kosztu, kt\u00f3ry obejmuje kwot\u0119 pocz\u0105tkowej wyceny zobowi\u0105zania z tytu\u0142u leasingu, wszelkie op\u0142aty leasingowe zap\u0142acone w dacie rozpocz\u0119cia leasingu i przed t\u0105 dat\u0105, pomniejszone  o  wszelkie  otrzymane  zach\u0119ty  leasingowe,  wszelkie  pocz\u0105tkowe  koszty  bezpo\u015brednie  poniesione  przez leasingobiorc\u0119  oraz  szacunek  koszt\u00f3w,  kt\u00f3re  maj\u0105  zosta\u0107  poniesione  przez  leasingobiorc\u0119  w  zwi\u0105zku  z  demonta\u017cem i usuni\u0119ciem bazowego sk\u0142adnika aktyw\u00f3w lub przeprowadzeniem renowacji miejsca, w kt\u00f3rym si\u0119 znajdowa\u0142. Prawo wieczystego u\u017cytkowania grunt\u00f3w wyceniane jest w warto\u015bci zobowi\u0105zania z tytu\u0142u prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej  oraz  wszelkich  op\u0142at  leasingowych  zap\u0142aconych  w  dacie  rozpocz\u0119cia  lub przed t\u0105 dat\u0105 (w tym p\u0142atno\u015bci za nabycie tego prawa na rynku). Po pocz\u0105tkowym uj\u0119ciu sk\u0142adnik aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania,  z  wy\u0142\u0105czeniem prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej,  wycenia  si\u0119  wed\u0142ug  kosztu  pomniejszonego  o  skumulowane  odpisy amortyzacyjne i skumulowane odpisy z tytu\u0142u utraty warto\u015bci, skorygowanego o warto\u015b\u0107 aktualizacji wyceny zobowi\u0105zania z tytu\u0142u leasingu. Odpis\u00f3w amortyzacyjnych od \u015brodk\u00f3w trwa\u0142ych (z wy\u0142\u0105czeniem grunt\u00f3w i prawa wieczystego u\u017cytkowania grunt\u00f3w) Grupa dokonuje,  w  zale\u017cno\u015bci  od wzorca  konsumowania  korzy\u015bci  ekonomicznych  z  danego  sk\u0142adnika  rzeczowych  aktyw\u00f3w trwa\u0142ych: \u2022 metod\u0105 amortyzacji liniowej, dla sk\u0142adnik\u00f3w, kt\u00f3re s\u0105 wykorzystywane w procesie produkcji w r\u00f3wnomiernym stopniu w ca\u0142ym okresie ich u\u017cytkowania, oraz \u2022 metod\u0105 amortyzacji naturalnej (metod\u0105 jednostek produkcji), dla sk\u0142adnik\u00f3w w odniesieniu do kt\u00f3rych konsumpcja korzy\u015bci  ekonomicznych jest bezpo\u015brednio powi\u0105zana  z ilo\u015bci\u0105  wydobytej  kopaliny ze z\u0142o\u017ca lub z ilo\u015bci\u0105  wytworzonych jednostek produkcji i wydobycie to lub produkcja nie s\u0105 r\u00f3wnomierne w ca\u0142ym okresie ich u\u017cytkowania. W szczeg\u00f3lno\u015bci dotyczy  to  budynk\u00f3w  i  budowli  kopal\u0144,  jak  r\u00f3wnie\u017c  maszyn  i urz\u0105dze\u0144  g\u00f3rniczych  z  wyj\u0105tkiem  sk\u0142adnik\u00f3w  aktyw\u00f3w eksploatowanych  w  hutach,  gdzie  okres  u\u017cytkowania  wynika  z  okres\u00f3w  ekonomicznej  u\u017cyteczno\u015bci  poszczeg\u00f3lnych sk\u0142adnik\u00f3w aktyw\u00f3w.  Okresy  eksploatacji  i  tym  samym  stawki  amortyzacyjne  \u015brodk\u00f3w  trwa\u0142ych  funkcjonuj\u0105cych  w  ci\u0105gu  technologicznym produkcji miedzi, dostosowane s\u0105 do plan\u00f3w zako\u0144czenia dzia\u0142alno\u015bci, a w przypadku prawa do u\u017cytkowania aktyw\u00f3w do wcze\u015bniejszej z dw\u00f3ch dat \u2013 daty zako\u0144czenia okresu ekonomicznego u\u017cytkowania lub daty ko\u0144ca okresu leasingu, chyba \u017ce w\u0142asno\u015b\u0107  danego  sk\u0142adnika  zostanie  przeniesiona  na  Grup\u0119  przed  ko\u0144cem  okresu  leasingu,  wtedy  stawki  amortyzacji dostosowane s\u0105 do ko\u0144ca okresu szacowanego ekonomicznego u\u017cytkowania danego aktywa. Dla  poszczeg\u00f3lnych  grup  \u015brodk\u00f3w  trwa\u0142ych  przyj\u0119to  okresy  u\u017cytkowania  oszacowane  na  podstawie  oczekiwanego  \u017cycia kopal\u0144 i hut z uwzgl\u0119dnieniem zawarto\u015bci z\u0142o\u017ca, w nast\u0119puj\u0105cych przedzia\u0142ach: Dla \u015brodk\u00f3w trwa\u0142ych w\u0142asnych: Grupa Rodzaj \u015brodka trwa\u0142ego Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Grunty  Nie podlegaj\u0105 amortyzacji Budynki: - budynki w hutach i kopalniach, - wiaty, zbiorniki, kontenerowe rozdzielnie 40-100 lat 20-30 lat Kapitalne wyrobiska g\u00f3rnicze  22-90 lat Ruroci\u0105gi: - podsadzkowe do przesy\u0142u piasku z wod\u0105, - technologiczne, odwadniaj\u0105ce, gazowe, przeciwpo\u017carowe                             6-9 lat 22-90 lat Linie kablowe elektroenergetyczne, sygnalizacyjne i \u015bwiat\u0142owodowe 10-70 lat Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Urz\u0105dzenia techniczne i maszyny: - samojezdne maszyny g\u00f3rnicze,   obudowy    kopalniane - przeno\u015bniki ta\u015bmowe, wagi przeno\u015bnikowe - rozdzielnice, rozdzielnie   4-10 lat 10-66 lat 4-50 lat \u015arodki transportu: - lokomotywy do\u0142owe elektryczne, - wozy kopalniane, szynowe, cysterny, platformy do transportu - w\u00f3zki jezdne, wid\u0142owe, akumulatorowe - samochody osobowe, ci\u0119\u017carowe, specjalne - lokomotywy do\u0142owe spalinowe 20-50 lat 7-35 lat 7-22 lat 5-22 lat 10-20 lat Inne \u015brodki trwa\u0142e, w tym narz\u0119dzia i przyrz\u0105dy 5-25 lat         Koszty zdejmowania         Ca\u0142kowity okres u\u017cytkowania uzale\u017cniony jest od oczekiwanej          nadk\u0142adu                             d\u0142ugo\u015bci \u017cycia kopalni, kt\u00f3rej dotyczy nadk\u0142ad:                                                        - Robinson                                                                                                  14 lat                                                        - Carlota                                                                                                        2 lata Poszczeg\u00f3lne istotne cz\u0119\u015bci sk\u0142adowe \u015brodka trwa\u0142ego (istotne komponenty), kt\u00f3rych okres u\u017cytkowania r\u00f3\u017cni si\u0119 od okresu u\u017cytkowania  ca\u0142ego  \u015brodka  trwa\u0142ego,  amortyzowane  s\u0105  odr\u0119bnie,  przy  zastosowaniu  stawek  amortyzacyjnych odzwierciedlaj\u0105cych  przewidywany okres ich u\u017cytkowania. Dla rzeczowych aktyw\u00f3w trwa\u0142ych z tytu\u0142u prawa do u\u017cytkowania aktyw\u00f3w: Grupa  Rodzaj prawa do u\u017cytkowania  Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Prawo wieczystego u\u017cytkowania grunt\u00f3w             wyceniane metod\u0105 renty wieczystej Nie podlega amortyzacji S\u0142u\u017cebno\u015b\u0107 przesy\u0142u 6-54 lat (okres amortyzacji jest zale\u017cny  od okresu amortyzacji sk\u0142adnika aktyw\u00f3w w zwi\u0105zku z kt\u00f3rym s\u0142u\u017cebno\u015b\u0107 zosta\u0142a ustanowiona) Nieruchomo\u015bci gruntowe                                           5-30 lat Budynki i budowle                                                    3-5 lat Zespo\u0142y komputerowe    3 lata Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Maszyny i urz\u0105dzenia techniczne                               3-4 lat \u015arodki transportu                                     3 lata Wyposa\u017cenie i pozosta\u0142e                                                  5 lat Zasady rachunkowo\u015bci - aktywa niematerialne Aktywa  niematerialne  g\u00f3rnicze  i  hutnicze  obejmuj\u0105  przede  wszystkim:  aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w mineralnych oraz prawa do wody w Chile.  Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych W ramach aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych kwalifikowane s\u0105 nak\u0142ady na: \u2022 projekty rob\u00f3t geologicznych, \u2022 uzyskanie decyzji \u015brodowiskowych, \u2022 uzyskanie koncesji i u\u017cytkowania g\u00f3rniczego na poszukiwania geologiczne, \u2022 realizacj\u0119 rob\u00f3t i prac wiertniczych (wiercenia, badania geofizyczne, hydrogeologiczne, obs\u0142uga geologiczna, analityka, geotechnika, itd.), \u2022 zakup informacji geologicznych, \u2022 wykonanie dokumentacji geologicznej i jej zatwierdzenie, \u2022 wykonanie oceny ekonomiczno-technicznej zasob\u00f3w dla potrzeb decyzji  o wnioskowanie  o  koncesje na eksploatacj\u0119 g\u00f3rnicz\u0105, \u2022 koszty zu\u017cycia urz\u0105dze\u0144 i sprz\u0119tu (rzeczowe aktywa trwa\u0142e) s\u0142u\u017c\u0105cego do prowadzenia prac poszukiwawczych. Nak\u0142ady na  aktywa  z tytu\u0142u  poszukiwania i  oceny  zasob\u00f3w mineralnych wycenia  si\u0119 w  wysoko\u015bci kosztu pomniejszonego o skumulowane odpisy z tytu\u0142u utraty warto\u015bci i ujmuje si\u0119 je jako warto\u015bci niematerialne nieoddane do u\u017cytkowania. Testy na utrat\u0119 warto\u015bci na pojedynczej jednostce (projekcie) Grupa przeprowadza obowi\u0105zkowo z chwil\u0105: \u2022 wykazania technicznej wykonalno\u015bci i komercyjnej zasadno\u015bci wydobywania zasob\u00f3w mineralnych, oraz \u2022 gdy fakty i okoliczno\u015bci wskazuj\u0105, \u017ce warto\u015b\u0107 bilansowa aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych mo\u017ce przewy\u017csza\u0107 ich warto\u015b\u0107 odzyskiwaln\u0105. Ewentualne odpisy  ujmuje  si\u0119  przed  dokonaniem przeklasyfikowania  wynikaj\u0105cego  z  wykazania technicznej  wykonalno\u015bci i ekonomicznej zasadno\u015bci wydobywania zasob\u00f3w mineralnych.   Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Wa\u017cne  oszacowania  i  za\u0142o\u017cenia  dotycz\u0105ce  utraty  warto\u015bci  rzeczowych  i  niematerialnych  aktyw\u00f3w trwa\u0142ych  g\u00f3rniczych i hutniczych zosta\u0142y zaprezentowane w Nocie 3. Warto\u015b\u0107 netto rzecz owych aktyw\u00f3w g\u00f3rniczych i hutniczych podlegaj\u0105cych amortyzacji metod\u0105 naturaln\u0105 wynios\u0142a na dzie\u0144 31 grudnia 2022 r. 1 694 mln PLN (na dzie\u0144 31 grudnia 2021 r. 1 169 mln PLN). Zasady rachunkowo\u015bci Pozosta\u0142e  rzeczowe  aktywa  trwa\u0142e  wycenia  si\u0119  w  cenie  nabycia/koszcie  wytworzenia  pomniejszonych  o skumulowan\u0105 amortyzacj\u0119 (umorzenie) oraz skumulowane odpisy z tytu\u0142u utraty warto\u015bci. Odpis\u00f3w amortyzacyjnych dokonuje si\u0119 metod\u0105 liniow\u0105.  Dla poszczeg\u00f3lnych grup \u015brodk\u00f3w trwa\u0142ych przyj\u0119to okresy u\u017cytkowania w nast\u0119puj\u0105cych przedzia\u0142ach: Grupa Ca\u0142kowity okres u\u017cytkowania Budynki i budowle 25-60 lat Urz\u0105dzenia techniczne i maszyny 4-15 lat \u015arodki transportu 3-14 lat Inne \u015brodki trwa\u0142e 5-10 lat Warto\u015bci  niematerialne  wykazane  jako  \u201epozosta\u0142e  warto\u015bci  niematerialne\u201d  obejmuj\u0105  w  szczeg\u00f3lno\u015bci:  nabyte  prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3rnicz\u0105 i oprogramowanie komputerowe. Aktywa te wycenia si\u0119 w cenie nabycia lub koszcie wytworzenia pomniejszonych o skumulowane odpisy amortyzacyjne i skumulowane odpisy z tytu\u0142u utraty warto\u015bci. Odpis\u00f3w  amortyzacyjnych  od  warto\u015bci  niematerialnych  dokonuje  si\u0119  metod\u0105  liniow\u0105,  przez  okres  ich  przewidywanego u\u017cytkowania. Dla g\u0142\u00f3wnych grup warto\u015bci niematerialnych okres u\u017cytkowania wynosi: Grupa Ca\u0142kowity okres                      u\u017cytkowania Nabyte prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3rnicz\u0105 5-50 lat Oprogramowanie komputerowe 2-5 lat Inne warto\u015bci niematerialne 40-50 lat Nota 9.4 Rezerwa na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Rezerwa  na  przysz\u0142e  koszty  zwi\u0105zane  z  likwidacj\u0105 kopal\u0144  i  innych  obiekt\u00f3w  technologicznych  tworzona jest  na  bazie  szacunk\u00f3w  przewidywanych  koszt\u00f3w likwidacji  obiekt\u00f3w  i  przywr\u00f3cenia  do  stanu pierwotnego  terenu  po zako\u0144czeniu  ich  eksploatacji, wykonanych  w  oparciu  o prognozy  eksploatacji  z\u0142o\u017ca (dla obiekt\u00f3w  g\u00f3rniczych)  oraz  ekspertyzy technologiczno-ekonomiczne  sporz\u0105dzone  przez specjalistyczne  firmy  b\u0105d\u017a  wykonane  w  Jednostce Dominuj\u0105cej. W przypadku kopalni odkrywkowych niekt\u00f3re dzia\u0142ania oraz  koszty  mog\u0105ce  wp\u0142ywa\u0107  na  zakres  prac rekultywacyjnych, jak np. koszty odstawy ska\u0142y p\u0142onnej, ponoszone  w  trakcie  \u017cycia  kopalni  i  w  zwi\u0105zku  z  jej dzia\u0142alno\u015bci\u0105  operacyjn\u0105,  ujmuje  si\u0119  jako  koszty operacyjne  stanowi\u0105ce  integraln\u0105  cz\u0119\u015b\u0107  procesu produkcji  i wy\u0142\u0105cza  si\u0119  je  tym  samym  z  koszt\u00f3w stanowi\u0105cych podstaw\u0119 do kalkulacji rezerwy na koszty likwidacji kopal\u0144. Aktualizacji rezerwy dokonuje si\u0119 dwuetapowo: 1)  szacunek  koszt\u00f3w  likwidacji  kopal\u0144  do  aktualnej warto\u015bci  w  zwi\u0105zku  ze  zmian\u0105  cen  przy zastosowaniu  wska\u017anik\u00f3w  zmiany  cen  produkcji budowlano-monta\u017cowej publikowanych przez GUS. 2)  dyskontowanie  koszt\u00f3w  likwidacji  do  warto\u015bci bie\u017c\u0105cej    przy  u\u017cyciu  realnych  st\u00f3p  dyskontowych skalkulowanych  w  oparciu  o  stopy  procentowe nominalne  oraz  wska\u017anik  inflacji  (iloraz  stopy nominalnej i wska\u017anika inflacji), przy czym: -  nominalna  stopa  procentowa  w Jednostce Dominuj\u0105cej  opiera  si\u0119  na  rentowno\u015bci  obligacji skarbowych  na  koniec  okresu  sprawozdawczego, o terminach zapadalno\u015bci najbardziej zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w finansowych,  oraz  w  przypadku  braku  obligacji skarbowych o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w pieni\u0119\u017cnych  nominalna  stopa  procentowa  jest ustalana  na  podstawie  profesjonalnego  os\u0105du Kierownictwa  Jednostki  Dominuj\u0105cej  opartego  na sp\u00f3jno\u015bci  przyjmowanych  za\u0142o\u017ce\u0144.  W  Grupie Kapita\u0142owej  KGHM  INTERNATIONAL  LTD.  to  stopa zwrotu  z  inwestycji  w dziesi\u0119cio-  i  dwudziestoletnie bony  skarbowe  Federalnej  Rezerwy  Stan\u00f3w W  2022  r.  Jednostka  Dominuj\u0105ca  zrewidowa\u0142a  swoje  podej\u015bcie w zakresie  st\u00f3p  dyskonta  stosowanych  do  wyceny  rezerw \u015brodowiskowych.  Na  koniec  okresu  sprawozdawczego,  przy rentowno\u015bci  obligacji  na  poziomie  +/-6,845%  i  inflacji  +/-13,1% (na  koniec  okresu  por\u00f3wnywalnego  odpowiednio  +/-3,6%  i  +/- 7,6%)  Jednostka  Dominuj\u0105ca  otrzyma\u0142a  i  zastosowa\u0142a  dla  lat 2022 - 2023 ujemn\u0105 realn\u0105 stop\u0119 dyskontow\u0105 wynosz\u0105c\u0105 -5,53% zamiast  stopy  na  poziomie  0%.  Dla  kolejnych  dw\u00f3ch  okres\u00f3w wyceny  tj.  dla  2024  r.  oraz  2025  r.  Jednostka  Dominuj\u0105ca przyj\u0119\u0142a stopy inflacji na poziomie zgodnym z prognoz\u0105 NBP tj. 5,9%  oraz  3,5%  odpowiednio,  a  dla  nast\u0119pnych  okres\u00f3w  po prognozie NBP na poziomie 2,5%, zgodnym z d\u0142ugoterminowym celem  inflacyjnym.  Ponadto,  dla  pierwszych  10  lat  wyceny rezerwy (tj. do 2032 r.) przyj\u0119ta zosta\u0142a stopa wolna od ryzyka na poziomie  6,845%  (wycena  10-letnich  obligacji  skarbowych) w zwi\u0105zku  z  faktem,  i\u017c  jest  to  jedyna  dost\u0119pna  rynkowo informacja  o  poziomie  stopy  wolnej  od  ryzyka  dla  kolejnych 10 lat  i,  zgodnie  z  przyj\u0119tym  os\u0105dem,  stopa  ta  nie  podlega\u0142a modyfikacji. Jednostka Dominuj\u0105ca b\u0119dzie dostosowywa\u0107 stop\u0119 woln\u0105  od  ryzyka  do  poziomu  tej  stopy  og\u0142aszanego  na  ka\u017cdy kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  dla  cel\u00f3w dokonania wyceny rezerwy na te dni. Z  kolei  bior\u0105c  pod  uwag\u0119  du\u017c\u0105  zmienno\u015b\u0107  stopy  wolnej  od ryzyka,  jaka  mia\u0142a  miejsce  w  ostatnim  okresie,  opartej  na notowaniach  10-letnich  obligacji  skarbowych,  Jednostka Dominuj\u0105ca  zastosowa\u0142a  profesjonalny  os\u0105d  do  ustalenia  tej stopy  do  wyceny  rezerw  \u015brodowiskowych  przypadaj\u0105cych  po okresie 10 lat od dnia ko\u0144cz\u0105cego roczny okres sprawozdawczy, opieraj\u0105c  si\u0119  na  historycznej  obserwacji  stosunku  wysoko\u015bci stopy  wolnej  od  ryzyka  do  wysoko\u015bci  zak\u0142adanego  celu inflacyjnego.  W  wyniku  dokonanego  os\u0105du  Jednostka Dominuj\u0105ca  przyj\u0119\u0142a  do  wyceny  rezerw  \u015brodowiskowych przypadaj\u0105cych  po  okresie  10  lat  od  dnia  ko\u0144cz\u0105cego  roczny sprawozdawczy  stop\u0119  woln\u0105  od  ryzyka  na  poziomie  3,5%, co prze\u0142o\u017cy\u0142o si\u0119 na realn\u0105 stop\u0119 dyskonta w wysoko\u015bci 0,98%.  Dla oszacowania rezerwy na koszty likwidacji kopal\u0144 i obiekt\u00f3w technologicznych po\u0142o\u017conych w Stanach Zjednoczonych Ameryki oraz  w  Kanadzie  w  okresie  bie\u017c\u0105cym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta  na  poziomie  od  1,19%  do  1,67%  w  zale\u017cno\u015bci  od kopalni.  W  okresie  por\u00f3wnywalnym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta na poziomie 0% ze wzgl\u0119du na utrzymuj\u0105cy si\u0119 poziom inflacji na poziomie nominalnej stopy dyskonta.  W  zakresie  koszt\u00f3w  niekt\u00f3rych  prac  realizowanych  w  trakcie eksploatacji  kopalni  odkrywkowych,  kt\u00f3re  jednocze\u015bnie  s\u0142u\u017c\u0105 rekultywacji wyrobisk, Grupa dokona\u0142a os\u0105du, uznaj\u0105c \u017ce koszty  Zjednoczonych Ameryki oraz  stopa  zwrotu z inwestycji  w pi\u0119cioletnie  obligacje  rz\u0105dowe emitowane przez rz\u0105dy Kanady i Chile. -  stopa  inflacji  oparta  jest  na  prognozie  przysz\u0142ej inflacji  stosowanej  przy  kalkulacji  zobowi\u0105za\u0144  na przysz\u0142e \u015bwiadczenia pracownicze. Zmiana  stopy  dyskonta  lub  szacowanego  kosztu likwidacji  koryguje  warto\u015b\u0107  \u015brodka  trwa\u0142ego,  kt\u00f3rego dotyczy, chyba \u017ce przekracza warto\u015b\u0107 bilansow\u0105 \u015brodka trwa\u0142ego,  w\u00f3wczas  nadwy\u017cka  ujmowana  jest w pozosta\u0142ych przychodach operacyjnych. Wzrost  rezerwy  z  tytu\u0142u  up\u0142ywu  czasu  ujmowany  jest w kosztach finansowych. W  ramach  rezerwy  na  koszty  likwidacji  zak\u0142ad\u00f3w g\u00f3rniczych  i  innych  obiekt\u00f3w  technologicznych prezentowane  jest  saldo  Funduszu  Likwidacji  Zak\u0142adu G\u00f3rniczego  (FLZG)  oraz  Funduszu  Rekultywacji Sk\u0142adowisk  Odpad\u00f3w  (FRSO),  kt\u00f3re  Jednostka Dominuj\u0105ca  tworzy  na  mocy  odr\u0119bnych  przepis\u00f3w  tj. Ustawy  z  dnia  9  czerwca  2011  r.  Prawo  geologiczne i g\u00f3rnicze  oraz  Ustawy  z  dnia  14  grudnia  2012  r. o odpadach,  odpowiednio.  Rol\u0105  Funduszy  jest zabezpieczenie  \u015brodk\u00f3w  pieni\u0119\u017cnych  na  potrzeby przysz\u0142ej  realizacji  przez  Jednostk\u0119  Dominuj\u0105c\u0105 obowi\u0105zk\u00f3w  zwi\u0105zanych  z  zamkni\u0119ciem,  likwidacj\u0105 i rekultywacj\u0105  zak\u0142ad\u00f3w  g\u00f3rniczych  i  sk\u0142adowisk odpad\u00f3w,  poprzez  ich  gromadzenie  w  spos\u00f3b przewidziany przepisami ustaw. W przypadku FLZG Jednostka Dominuj\u0105ca wyodr\u0119bni\u0142a bankowy  rachunek  \u015brodk\u00f3w  pieni\u0119\u017cnych,  na  kt\u00f3ry odprowadza  \u015brodki  pieni\u0119\u017cne  w  wysoko\u015bci r\u00f3wnowarto\u015bci  3%  odpis\u00f3w  amortyzacyjnych  od \u015brodk\u00f3w  trwa\u0142ych  zak\u0142ad\u00f3w  g\u00f3rniczych,  ustalanych stosownie  do  przepis\u00f3w  ustawy  o  podatku dochodowym. Szczeg\u00f3\u0142y na temat ryzyka kredytowego zwi\u0105zanego  ze  \u015brodkami  pieni\u0119\u017cnymi  zgromadzonymi na  wyodr\u0119bnionym  rachunku  FLZG  zosta\u0142y zaprezentowane w Nocie 7.5.2.4. W przypadku FRSO Jednostka Dominuj\u0105ca, w lipcu 2022 roku, dokona\u0142a  zmiany formy  zabezpieczenia  \u015brodk\u00f3w finansowych  tego  Funduszu  zast\u0119puj\u0105c  wyodr\u0119bniony rachunek  bankowy  gwarancjami  finansowymi wystawianymi  przez  bank  na  zlecenie  Jednostki Dominuj\u0105cej,  kt\u00f3rych  Jednostka  Dominuj\u0105ca  jest jednocze\u015bnie beneficjentem. Wysoko\u015b\u0107 gwarancji na 31 grudnia  2022  r.  wynios\u0142a  98  mln  PLN,  a  ich  warto\u015b\u0107 podlega  aktualizacji  w  okresach  rocznych.  Jednostka Dominuj\u0105ca  d\u0105\u017cy  do  osi\u0105gni\u0119cia  pe\u0142nego zabezpieczenia  \u015brodk\u00f3w  na  rekultywacj\u0119 poszczeg\u00f3lnych  sk\u0142adowisk  w  roku,  na  kt\u00f3ry harmonogram  likwidacji  i  rekultywacji  przewiduje zamkni\u0119cie  danego  sk\u0142adowiska  odpad\u00f3w,  poprzez systematyczne zwi\u0119kszanie warto\u015bci tych gwarancji. te  maj\u0105  przede  wszystkim  charakter  bie\u017c\u0105cych  koszt\u00f3w produkcyjnych,  gdy\u017c  dzia\u0142ania  te  w  pierwszej  kolejno\u015bci warunkuj\u0105  bie\u017c\u0105c\u0105  eksploatacj\u0119  kopalni  i  generowanie przychod\u00f3w,  a  ich  skutkiem  drugorz\u0119dnym  jest  wykonywana rekultywacja.  W  zwi\u0105zku  z  tym  koszty  takich  dzia\u0142a\u0144  nie s\u0105 uwzgl\u0119dniane w wycenie rezerwy rekultywacyjnej. Zasady rachunkowo\u015bci Grupa jako leasingobiorca, identyfikuje leasing w umowach dotycz\u0105cych u\u017cytkowania m.in. nieruchomo\u015bci gruntowych, prawa  wieczystego  u\u017cytkowania  grunt\u00f3w,  s\u0142u\u017cebno\u015bci  przesy\u0142u,  urz\u0105dze\u0144  technicznych  i  maszyn  oraz  \u015brodk\u00f3w transportu. Grupa  stosuje  jednolity  model  uj\u0119cia  ksi\u0119gowego  leasingu,  kt\u00f3ry  zak\u0142ada  rozpoznanie  przez  leasingobiorc\u0119  aktyw\u00f3w z tytu\u0142u  prawa  do  u\u017cytkowania  i  zobowi\u0105za\u0144  z  tytu\u0142u  leasingu  zwi\u0105zanych  z  wszystkimi  umowami  leasingowymi, z uwzgl\u0119dnieniem zwolnie\u0144. Grupa nie ujmuje aktyw\u00f3w i zobowi\u0105za\u0144 z tytu\u0142u leasingu w odniesieniu do: \u2022  leasing\u00f3w kr\u00f3tkoterminowych - dotyczy um\u00f3w bez mo\u017cliwo\u015bci zakupu sk\u0142adnika aktyw\u00f3w, zawartych na okres kr\u00f3tszy  ni\u017c  12  miesi\u0119cy  od  momentu  rozpocz\u0119cia  umowy,  w  tym  um\u00f3w  zawartych  na  czas  nieokre\u015blony z kr\u00f3tkim  okresem  wypowiedzenia,  w  przypadku  kt\u00f3rych  nie  wyst\u0119puje  rozs\u0105dna  pewno\u015b\u0107,  i\u017c  Grupa  nie skorzysta z wypowiedzenia. \u2022  leasing\u00f3w, w kt\u00f3rych bazowy sk\u0142adnik aktyw\u00f3w ma nisk\u0105 warto\u015b\u0107.  W  przypadku  umowy,  kt\u00f3ra  jest  leasingiem  lub  zawiera  leasing,  Grupa  ujmuje  ka\u017cdy  element  leasingowy  w  ramach umowy jako leasing odr\u0119bnie od element\u00f3w nieleasingowych.  Grupa  okre\u015bla  okres  leasingu  jako  obejmuj\u0105cy  nieodwo\u0142ywalny  okres  umowy  leasingu,  \u0142\u0105cznie  z  okresami,  na  kt\u00f3re mo\u017cna  przed\u0142u\u017cy\u0107  leasing,  je\u017celi  mo\u017cna  z  wystarczaj\u0105c\u0105  pewno\u015bci\u0105  za\u0142o\u017cy\u0107,  \u017ce  Grupa  skorzysta  z  tego  prawa  oraz z okresami,  w  kt\u00f3rych  mo\u017cna  wypowiedzie\u0107  leasing,  je\u017celi  mo\u017cna  z  wystarczaj\u0105c\u0105  pewno\u015bci\u0105  za\u0142o\u017cy\u0107,  \u017ce  Grupa  nie skorzysta z tego prawa.  Sk\u0142adniki aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania oraz polityk\u0119 wyceny tych aktyw\u00f3w  przedstawia  Nota 9.1. Zobowi\u0105zanie  z  tytu\u0142u  leasingu  Grupa  wycenia  pocz\u0105tkowo  w  wysoko\u015bci  warto\u015bci  bie\u017c\u0105cej  op\u0142at  leasingowych pozostaj\u0105cych  do  zap\u0142aty  w  dacie  pocz\u0105tkowego  uj\u0119cia,  kt\u00f3re  obejmuj\u0105:  sta\u0142e  op\u0142aty  leasingowe,  zmienne  op\u0142aty leasingowe,  kt\u00f3re  zale\u017c\u0105  od  indeksu  lub  stawki,  kwoty,  kt\u00f3rych  zap\u0142aty  przez  leasingobiorc\u0119  oczekuje  si\u0119  w  ramach gwarantowanej warto\u015bci ko\u0144cowej, cen\u0119 wykonania opcji kupna je\u017celi jest rozs\u0105dnie pewne \u017ce leasingobiorca wykona opcj\u0119  oraz  kary  pieni\u0119\u017cne  za  wypowiedzenie  leasingu  je\u017celi  ustalony  okres  leasingu  ustalono  zak\u0142adaj\u0105c,  \u017ce leasingobiorca  wypowie  umow\u0119.  Do  sta\u0142ych  op\u0142at  leasingowych  Grupa  zalicza  r\u00f3wnie\u017c  op\u0142aty  z  tytu\u0142u  wy\u0142\u0105czenia grunt\u00f3w  z  produkcji  le\u015bnej  i  rolnej,  je\u017celi  dotycz\u0105  nieruchomo\u015bci  gruntowych  u\u017cytkowanych  na  podstawie  um\u00f3w stanowi\u0105cych leasing. Z op\u0142at leasingowych wy\u0142\u0105czone s\u0105 zmienne op\u0142aty ponoszone przez leasingobiorc\u0119 na rzecz leasingodawcy za prawo do u\u017cytkowania bazowego sk\u0142adnika aktyw\u00f3w w okresie leasingu, kt\u00f3re uzale\u017cnione s\u0105 od czynnik\u00f3w zewn\u0119trznych, inne ni\u017c op\u0142aty zale\u017cne od stawki lub indeksu.  Po dacie rozpocz\u0119cia leasingu Grupa wycenia warto\u015b\u0107 bilansow\u0105 zobowi\u0105zania z tytu\u0142u leasingu poprzez: - zwi\u0119kszenie z tytu\u0142u odsetek od zobowi\u0105zania z tytu\u0142u leasingu, - zmniejszenie z tytu\u0142u zap\u0142aconych op\u0142at leasingowych, - aktualizacj\u0119 z tytu\u0142u ponownej oceny lub modyfikacji umowy leasingu. Zobowi\u0105zania z tytu\u0142u leasingu zosta\u0142y zaprezentowane w Nocie 8. Stopa leasingowa -  op\u0142aty  leasingowe  Grupa dyskontuje kra\u0144cow\u0105 stop\u0105  procentow\u0105 leasingobiorcy, poniewa\u017c  stopy procentowej umowy leasingu z regu\u0142y nie mo\u017cna z \u0142atwo\u015bci\u0105 ustali\u0107.  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Identyfikacja komponent\u00f3w nieleasingowych W umowach dotycz\u0105cych najmu maszyn g\u00f3rniczych, opr\u00f3cz elementu leasingowego Grupa zidentyfikowa\u0142a komponenty nieleasingowe, zwi\u0105zane ze \u015bwiadczeniem us\u0142ug innych ni\u017c wynajem sk\u0142adnik\u00f3w aktyw\u00f3w. Do wydzielenia komponentu leasingowego  i  nieleasingowego  Grupa  zastosowa\u0142a  os\u0105d,  alokuj\u0105c  odpowiednio  wynagrodzenie  z  danej  umowy  na obydwa komponenty na podstawie wzgl\u0119dnej jednostkowej ceny elementu leasingowego oraz ca\u0142kowitej jednostkowej ceny element\u00f3w nieleasingowych.  Szacunek kra\u0144cowej stopy procentowej leasingu W celu obliczenia st\u00f3p dyskonta na potrzeby MSSF 16 Grupa przyjmuje, \u017ce stopa dyskonta powinna odzwierciedla\u0107 koszt finansowania, jakie by\u0142oby zaci\u0105gni\u0119te na zakup przedmiotu podlegaj\u0105cego leasingowi. Grupa kalkuluje kra\u0144cowe stopy procentowe  dla  poszczeg\u00f3lnych  zakres\u00f3w  czasowych  um\u00f3w  leasingowych  w  okresach  kwartalnych  i  stopa  ta  jest wykorzystywana  do  wyceny  zobowi\u0105za\u0144  leasingowych  powstaj\u0105cych  z  um\u00f3w  leasingowych  zawartych  lub zmodyfikowanych w trakcie danego kwarta\u0142u.  Poziom istotno\u015bci dla identyfikacji leasing\u00f3w aktyw\u00f3w o niskiej warto\u015bci sk\u0142adnika bazowego wynosi 20 000 PLN. Zasady rachunkowo\u015bci Aktywa  trwa\u0142e  (lub  grupy  do  zbycia) Grupa  klasyfikuje jako  przeznaczone  do  sprzeda\u017cy,  je\u017celi  ich  warto\u015b\u0107  bilansowa b\u0119dzie odzyskana raczej w drodze transakcji sprzeda\u017cy ni\u017c poprzez kontynuowanie u\u017cytkowania, pod warunkiem, i\u017c s\u0105 dost\u0119pne do natychmiastowej sprzeda\u017cy w obecnym stanie, z zachowaniem warunk\u00f3w, kt\u00f3re s\u0105 zwyczajowo stosowane przy sprzeda\u017cy tych aktyw\u00f3w (lub grup do zbycia) oraz ich sprzeda\u017c jest wysoce uprawdopodobniona. Sprzeda\u017c uznaje si\u0119 za wysoce uprawdopodobnion\u0105, gdy Grupa jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w lub grupy do zbycia, podj\u0119te zosta\u0142y dzia\u0142ania maj\u0105ce na celu aktywne poszukiwanie nabywcy, sk\u0142adnik aktyw\u00f3w oferowany jest na sprzeda\u017c po cenie, kt\u00f3ra jest racjonalna w odniesieniu do jego bie\u017c\u0105cej warto\u015bci godziwej, Grupa ma zamiar sprzeda\u0107 sk\u0142adnik aktyw\u00f3w w ci\u0105gu roku od dnia kwalifikacji. Wyd\u0142u\u017cenie okresu wymaganego do zako\u0144czenia sprzeda\u017cy powy\u017cej 1 roku mo\u017cliwe jest tylko wtedy, kiedy op\u00f3\u017anienie zosta\u0142o spowodowane przez zdarzenia i okoliczno\u015bci znajduj\u0105ce si\u0119 poza kontrol\u0105 Grupy, a sama Grupa mo\u017ce udowodni\u0107, \u017ce jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w. Na moment przekwalifikowania aktywa te wycenia si\u0119 wed\u0142ug ni\u017cszej z dw\u00f3ch warto\u015bci: warto\u015bci bilansowej lub warto\u015bci godziwej pomniejszonej o koszty zbycia. R\u00f3\u017cnica z wyceny do warto\u015bci godziwej ujmowana jest w pozosta\u0142ych kosztach operacyjnych. W  momencie  p\u00f3\u017aniejszej  wyceny, ewentualne  odwr\u00f3cenie warto\u015bci  godziwej ujmuje  si\u0119 w  pozosta\u0142ych przychodach operacyjnych.  Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy  Grupa dokonuje wyceny zapas\u00f3w wed\u0142ug ceny nabycia lub kosztu wytworzenia  nie  wy\u017cszych  ni\u017c  cena  sprzeda\u017cy  pomniejszona o koszty  doko\u0144czenia  produkcji  i  doprowadzenia  sprzeda\u017cy do skutku.  Ewentualna  r\u00f3\u017cnica  warto\u015bci  dotycz\u0105ca  wytworzonych  wyrob\u00f3w, stanowi  odpis  aktualizuj\u0105cy  i  jest  ujmowana  w  koszcie wytworzenia sprzedanych produkt\u00f3w. Koszt  wytworzenia  zapasu  wyrob\u00f3w  gotowych,  p\u00f3\u0142fabrykat\u00f3w i produkcji  w  toku  obejmuje  koszty  bezpo\u015brednio  zwi\u0105zane z produkcj\u0105  produktu  oraz  odpowiednio  przypisane  zmienne i sta\u0142e  koszty  po\u015brednie  produkcji.  Sta\u0142e  po\u015brednie  koszty produkcji  przypisuje  si\u0119  przyjmuj\u0105c  normalny  poziom wykorzystania zdolno\u015bci produkcyjnych. Wyceny  bilansowej  rozchodu  sk\u0142adnika  zapas\u00f3w  dokonuje  si\u0119 wed\u0142ug  \u015bredniej  wa\u017conej  ceny  nabycia  oraz  \u015bredniowa\u017conego rzeczywistego kosztu wytworzenia. Jako zapasy Grupa klasyfikuje r\u00f3wnie\u017c awaryjne cz\u0119\u015bci zamienne, kt\u00f3re  nie  spe\u0142niaj\u0105  kryteri\u00f3w  ujmowania  jako  rzeczowe  aktywa trwa\u0142e  zgodnie  z  MSR  16  par.  7  oraz  zgodnie  z  zasadami kapitalizacji  istotnych  cz\u0119\u015bci  sk\u0142adowych  przyj\u0119tych  w  zasadach rachunkowo\u015bci  Jednostki  Dominuj\u0105cej,  w  kt\u00f3rych  okre\u015blono warto\u015bciowy  pr\u00f3g  na  poziomie  co  najmniej  300  tys.  PLN,  dla kt\u00f3rych to cz\u0119\u015bci zamiennych przeprowadza si\u0119 analiz\u0119 pod k\u0105tem spe\u0142nienia  kryteri\u00f3w  kapitalizacji  z  MSR  16.  W  zwi\u0105zku z powy\u017cszym, jako  zapas  ujmowane  s\u0105 w  szczeg\u00f3lno\u015bci awaryjne cz\u0119\u015bci  zamienne,  kt\u00f3rych  warto\u015b\u0107  jest  nieistotna  b\u0105d\u017a  nie podlegaj\u0105  one  wymianom  w  regularnych  odst\u0119pach  czasu,  lub kt\u00f3re, po ich zamontowaniu, w zwi\u0105zku z awari\u0105 cz\u0119\u015bci zamiennej w  sk\u0142adniku  rzeczowych  aktyw\u00f3w  trwa\u0142ych,  nie  przyczyni\u0105  si\u0119 do uzyskania  wi\u0119kszych  korzy\u015bci  ekonomicznych  z  dalszego u\u017cytkowania  tego  sk\u0142adnika,  od  tych  kt\u00f3re  by\u0142y  za\u0142o\u017cone w momencie  pocz\u0105tkowego  uj\u0119cia  sk\u0142adnika  i  oddania do u\u017cytkowania. Koszty takich awaryjnych cz\u0119\u015bci zamiennych, jako koszty  bie\u017c\u0105cego  utrzymania  aktyw\u00f3w,  ujmowane  s\u0105  w  wyniku w momencie ich zu\u017cycia. W  skonsolidowanym  sprawozdaniu  finansowym ilo\u015b\u0107  zapas\u00f3w  Grupy  Kapita\u0142owej  KGHM INTERNATIONAL LTD.  powstaj\u0105cych  w  procesie \u0142ugowania,  jest  okre\u015blana  w oparciu  o szacowany odzysk  metalu  z  rudy.  Natura  procesu wyp\u0142ukiwania  miedzi  z  rudy  ogranicza  precyzyjne monitorowanie  poziomu  zapas\u00f3w  powstaj\u0105cych w wyniku  tego  procesu.  W  kolejnych  okresach sprawozdawczych,  dokonuje  si\u0119  korekty szacowanego  w  danym  okresie  sprawozdawczym odzysku  miedzi  z  \u0142ugowanej  rudy  do  poziomu produkcji osi\u0105gni\u0119tej w kolejnym okresie. Na  dzie\u0144  31  grudnia  2022  r.  warto\u015b\u0107  zapas\u00f3w ustalona  prowizorycznie  wynios\u0142a  38  mln  PLN (na 31 grudnia 2021 r. 99 mln PLN). Grupa  dokonuje  wyceny  zapas\u00f3w  na  poziomie kosztu  wytworzenia,  nie  wy\u017cszym  jednak  od warto\u015bci  netto  mo\u017cliwej  do  uzyskania.  Cen\u0119 sprzeda\u017cy  netto  dla  miedzi  na  dzie\u0144  ko\u0144cz\u0105cy okres  sprawozdawczy  Grupa  ustala  na  podstawie notowa\u0144 cen metalu wg krzywej terminowej z LME (Londy\u0144skiej Gie\u0142dy Metali)  ustalonej  dla  miesi\u0119cy, w  kt\u00f3rych  b\u0119dzie  nast\u0119powa\u0142a  sprzeda\u017c  zapas\u00f3w miedzi. Zasady rachunkowo\u015bci Nale\u017cno\u015bci od odbiorc\u00f3w ujmuje si\u0119 pocz\u0105tkowo w cenie transakcyjnej (chyba, \u017ce nale\u017cno\u015b\u0107 zawiera istotny komponent finansowy podlegaj\u0105cy wydzieleniu, na skutek czego nale\u017cno\u015b\u0107 jest pocz\u0105tkowo ujmowana w warto\u015bci godziwej). Po pocz\u0105tkowym uj\u0119ciu nale\u017cno\u015bci od odbiorc\u00f3w wycenia si\u0119 w nast\u0119puj\u0105cy spos\u00f3b: -  Nale\u017cno\u015bci  nieprzekazywane  do  faktoringu  pe\u0142nego  i  nieoparte  o  formu\u0142\u0119  cenow\u0105  M+:  w   wysoko\u015bci zamortyzowanego  kosztu  z  uwzgl\u0119dnieniem  odpis\u00f3w  z  tytu\u0142u  oczekiwanej  straty  kredytowej  (ECL).  Nale\u017cno\u015bci od odbiorc\u00f3w z dat\u0105 zapadalno\u015bci poni\u017cej 12 miesi\u0119cy od dnia powstania nie podlegaj\u0105 dyskontowaniu. -  Nale\u017cno\u015bci  przekazywane  do  faktoringu  pe\u0142nego:  w  warto\u015bci  godziwej  przez  wynik  finansowy,  gdzie  warto\u015b\u0107 godziwa  ustalana  jest  w  wysoko\u015bci  ich  warto\u015bci  bilansowej  pomniejszonej  o  koszty  wynagrodzenia  faktora,  na kt\u00f3re  sk\u0142adaj\u0105  si\u0119  m.in.  koszty  odsetkowe  i  koszt  przej\u0119cia  ryzyka.  Ze  wzgl\u0119du  na  kr\u00f3tki  termin  pomi\u0119dzy przekazaniem do faktora a jej zap\u0142at\u0105 oraz ze wzgl\u0119du na niskie ryzyko kredytowe kontrahenta (faktora) warto\u015b\u0107 godziwa tych nale\u017cno\u015bci nie uwzgl\u0119dnia wp\u0142ywu tych czynnik\u00f3w. Nale\u017cno\u015bci przekazywane do faktoringu pe\u0142nego s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik  finansowy obowi\u0105zkowo,  poniewa\u017c  zosta\u0142y  zakwalifikowane  do  modelu  biznesowego,  w  ramach  kt\u00f3rego  przep\u0142ywy s\u0105 realizowane wy\u0142\u0105cznie w drodze sprzeda\u017cy aktyw\u00f3w finansowych. -  Nale\u017cno\u015bci oparte o formu\u0142\u0119 cenow\u0105 M+: w warto\u015bci godziwej przez wynik finansowy, gdzie warto\u015b\u0107 godziwa jest ustalana  jako  warto\u015b\u0107  nominalna  (tj.  po  cenie  z  faktury  sprzeda\u017cy)  skorygowana  o  wp\u0142yw  ryzyka  rynkowego i kredytowego. Korekta z tytu\u0142u ryzyka rynkowego jest obliczana jako r\u00f3\u017cnica pomi\u0119dzy aktualn\u0105 cen\u0105 rynkow\u0105 dla danego  okresu  kwotowania  z  przysz\u0142o\u015bci  (dla  okresu,  w  kt\u00f3rym  nast\u0105pi  ostateczne  ustalenie  ceny  rozliczenia) a cen\u0105,  po  jakiej  nale\u017cno\u015b\u0107  zosta\u0142a  uj\u0119ta  w  ksi\u0119gach  rachunkowych  (przemno\u017cona  przez  wolumen  sprzeda\u017cy). Korekta  z  tytu\u0142u  ryzyka  kredytowego  jest  obliczana  w spos\u00f3b  analogiczny  do  kalkulacji  oczekiwanej  straty kredytowej  dla nale\u017cno\u015bci  handlowych  wycenianych  wg zamortyzowanego  kosztu. Nale\u017cno\u015bci  oparte  o  formu\u0142\u0119 cenow\u0105  M+  s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik finansowy  obowi\u0105zkowo,  poniewa\u017c  nale\u017cno\u015bci  te  nie  zdaj\u0105  testu  SPPI  (tj.  testu  umownych  przep\u0142yw\u00f3w pieni\u0119\u017cnych) ze wzgl\u0119du wyst\u0119puj\u0105cy w nich element zmiany ceny po dniu pocz\u0105tkowego uj\u0119cia nale\u017cno\u015bci. Nale\u017cno\u015bci wyceniane w warto\u015bci godziwej mog\u0105 podlega\u0107 wycenie zar\u00f3wno z tytu\u0142u stosowanej formu\u0142y cenowej M+ jak i z  tytu\u0142u  przekazania  do  faktoringu.  Wycen  tych  dokonuje  si\u0119  niezale\u017cnie  od  siebie.  Skutek  obydwu  wycen  ujmuje  si\u0119 w wyniku finansowym w pozosta\u0142ych przychodach/ (kosztach) operacyjnych. Zasady rachunkowo\u015bci Zobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej  o  koszty transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Naliczone  odsetki  z  tytu\u0142u  dokonania  sp\u0142aty  zobowi\u0105za\u0144  w  terminie  p\u00f3\u017aniejszym,  w  szczeg\u00f3lno\u015bci  przekazanych do faktoringu d\u0142u\u017cnego, ujmowane s\u0105 w wyniku okresu w pozycji koszty finansowe. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Zobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne  prezentowane  w  sprawozdaniu  z  sytuacji  finansowej  zawieraj\u0105  r\u00f3wnie\u017c zobowi\u0105zania handlowe przekazane do faktoringu d\u0142u\u017cnego, kt\u00f3re mieszcz\u0105 si\u0119 w kategorii \u201epodobne\u201d.  Ponadto pozycja \u201ezobowi\u0105zania podobne\u201d obejmuje tak\u017ce zobowi\u0105zania handlowe wewn\u0105trzgrupowe przekazane przez d\u0142u\u017cnika  do  faktora,  w  odniesieniu  do  kt\u00f3rych  wierzyciel  otrzyma\u0142  p\u0142atno\u015b\u0107  od  faktora.  W momencie  przekazania zobowi\u0105zania  do  faktoringu  d\u0142u\u017cnego  Jednostka  Dominuj\u0105ca  ujmuje  zobowi\u0105zanie  wobec  faktora,  kt\u00f3ry    w  zwi\u0105zku z dokonaniem  subrogacji  ustawowej  wierzytelno\u015bci  z  prawnego  punktu  widzenia  przejmuje  prawa  i  obowi\u0105zki charakterystyczne dla wierzytelno\u015bci handlowych. Poniewa\u017c faktoring  d\u0142u\u017cny  nie  jest  bezpo\u015brednio  uregulowany  w  MSSF  i  w  zwi\u0105zku z  niejednoznacznym charakterem transakcji  niezb\u0119dne  by\u0142o  dokonanie  przez  Jednostk\u0119  Dominuj\u0105c\u0105  istotnego  os\u0105du  w  zakresie  prezentacji  sald zobowi\u0105za\u0144 oddanych do faktoringu w sprawozdaniu z sytuacji finansowej oraz prezentacji transakcji w sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych. Os\u0105d Jednostki Dominuj\u0105cej zgodnie, z kt\u00f3rym prezentacja tych sald w sprawozdaniu z sytuacji finansowej  w  ramach  pozycji  \u201eZobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne\u201d  znalaz\u0142  potwierdzenie  w  Interpretacji Komitetu Standard\u00f3w z grudnia 2020 r. Jednostka Dominuj\u0105ca wskazuje, \u017ce termin faktycznej sp\u0142aty zobowi\u0105za\u0144 wobec dostawc\u00f3w  obj\u0119tych  umowami  faktoringu  d\u0142u\u017cnego  jest  d\u0142u\u017cszy  (do  180  dni)  od  terminu  sp\u0142aty  zobowi\u0105za\u0144  wobec pozosta\u0142ych  dostawc\u00f3w,  kt\u00f3rych  zobowi\u0105zania nie  s\u0105  oddawane  do  faktoringu,  kt\u00f3ry  standardowo  wynosi  60  dni,  co mo\u017ce  \u015bwiadczy\u0107  na  rzecz  zmiany  charakteru  tych  zobowi\u0105za\u0144  z  handlowego  na  d\u0142u\u017cny.  Jednak\u017ce  cecha  ta  zosta\u0142a oceniona  przez  Jednostk\u0119  Dominuj\u0105c\u0105  za  niewystarczaj\u0105c\u0105,  aby  uzna\u0107,  \u017ce  w  momencie  przekazania  zobowi\u0105zania handlowego do faktoringu d\u0142u\u017cnego nast\u0105pi\u0142a ca\u0142kowita zmiana charakteru zobowi\u0105zania. Poza powy\u017cszym kryterium, \u017cadne  inne warunki  zobowi\u0105za\u0144  obj\u0119tych  faktoringiem  d\u0142u\u017cnym  nie  r\u00f3\u017cni\u0105  si\u0119 od  warunk\u00f3w pozosta\u0142ych  zobowi\u0105za\u0144 handlowych. Zasady rachunkowo\u015bci  Przep\u0142ywy  pieni\u0119\u017cne  z  tytu\u0142u  odsetek  od  transakcji  faktoringu  d\u0142u\u017cnego  prezentowane  s\u0105  w  ramach  przep\u0142yw\u00f3w z dzia\u0142alno\u015bci  finansowej.  Kwoty  faktycznych  sp\u0142at  wierzytelno\u015bci  podstawowej oddanej  do  faktoringu  d\u0142u\u017cnego  wobec faktora prezentowane s\u0105 w ramach przep\u0142yw\u00f3w z dzia\u0142alno\u015bci operacyjnej i cz\u0119\u015bciowo, r\u00f3wnie\u017c inwestycyjnej. Dodatkowo Jednostka Dominuj\u0105ca w ramach zmiany stanu kapita\u0142u obrotowego w sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych wykazuje w  odr\u0119bnej  linii  \u201eZmian\u0119  stanu  zobowi\u0105za\u0144  handlowych  oddanych  do  faktoringu\u201d,  dla  cel\u00f3w  jasnej  i  przejrzystej prezentacji. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Jednostka Dominuj\u0105ca w trakcie okresu zako\u0144czonego 31 grudnia 2019 r. wdro\u017cy\u0142a faktoring d\u0142u\u017cny (dalsze informacje przedstawiono w Nocie 10.3). Poniewa\u017c  praktyka  rynkowa  w  zakresie  prezentacji  transakcji  faktoringu  d\u0142u\u017cnego  w  sprawozdaniu  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych nie jest jednolita, konieczne by\u0142o dokonanie przez Zarz\u0105d os\u0105du w tym obszarze. W przypadku tych transakcji Jednostka  Dominuj\u0105ca  musia\u0142a  dokona\u0107  oceny,  czy  wydatki  zwi\u0105zane  z  p\u0142atno\u015bciami  dokonanymi  na  rzecz  faktora powinny by\u0107 zaklasyfikowane do przep\u0142yw\u00f3w pieni\u0119\u017cnych z dzia\u0142alno\u015bci operacyjnej czy te\u017c do przep\u0142yw\u00f3w z dzia\u0142alno\u015bci finansowej  w  ramach  sprawozdania  z  przep\u0142yw\u00f3w  pieni\u0119\u017cnych.  Zgodnie  z  MSR7.11  jednostka  powinna  prezentowa\u0107 przep\u0142ywy pieni\u0119\u017cne z dzia\u0142alno\u015bci operacyjnej, inwestycyjnej i finansowej w spos\u00f3b najbardziej odpowiedni dla rodzaju prowadzonej  dzia\u0142alno\u015bci,  gdy\u017c  informacja  ta  dostarcza  u\u017cytkownikom  sprawozda\u0144  finansowych  dane  pozwalaj\u0105ce  na dokonanie oceny wp\u0142ywu  tych\u017ce  dzia\u0142alno\u015bci  na  sytuacj\u0119 finansow\u0105 jednostki oraz na  kwot\u0119 \u015brodk\u00f3w pieni\u0119\u017cnych i ich ekwiwalent\u00f3w. W zwi\u0105zku z powy\u017cszym w ocenie Jednostki Dominuj\u0105cej: -  prezentacja  sp\u0142aty  kwoty  wierzytelno\u015bci podstawowej  w  ramach  faktoringu  d\u0142u\u017cnego  w  przep\u0142ywach  z  dzia\u0142alno\u015bci operacyjnej  jest  zgodna  z  celem  poszczeg\u00f3lnych  element\u00f3w  transakcji    i  sp\u00f3jna  z  prezentacj\u0105  tych  transakcji w sprawozdaniu  z  sytuacji  finansowej.  W  przypadku  dokonania  subrogacji  ustawowej  wierzytelno\u015bci  przez  faktora z prawnego  punktu  widzenia  przejmuje  on prawa  i  obowi\u0105zki  charakterystyczne  dla wierzytelno\u015bci  handlowych. Jedynie  przep\u0142ywy  wynikaj\u0105ce  ze  sp\u0142aty  kwot  wierzytelno\u015bci  podstawowych,  pochodz\u0105cych  z  zobowi\u0105za\u0144  z  tytu\u0142u zakupu, budowy \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych prezentowane s\u0105 w ramach dzia\u0142alno\u015bci inwestycyjnej (dalsze informacje przedstawiono w Nocie 10.3),   -  natomiast  aspekt  finansowy  zwi\u0105zany  z  transakcj\u0105  faktoringu  jest  wskazany  w  prezentacji  odsetek  w  ramach dzia\u0142alno\u015bci finansowej. Jest to sp\u00f3jne z ujmowaniem tych odsetek w kosztach finansowych w sprawozdaniu z wyniku zgodnie  z przyj\u0119t\u0105  przez  Jednostk\u0119 Dominuj\u0105c\u0105  polityk\u0105 rachunkowo\u015bci prezentacji  koszt\u00f3w odsetek  od  faktoringu d\u0142u\u017cnego w dzia\u0142alno\u015bci finansowej. Zasady rachunkowo\u015bci Grupa zobowi\u0105zana jest do wyp\u0142aty okre\u015blonych \u015bwiadcze\u0144 po okresie zatrudnienia (\u015bwiadcze\u0144 emerytalnych z tytu\u0142u jednorazowych  odpraw  emerytalno-rentowych,  odpraw  po\u015bmiertnych,  ekwiwalentu  w\u0119glowego)  oraz  innych d\u0142ugoterminowych \u015bwiadcze\u0144 (w postaci nagr\u00f3d jubileuszowych), zgodnie z Zak\u0142adowym Uk\u0142adem Zbiorowym Pracy. Wysoko\u015b\u0107 zobowi\u0105za\u0144 z tytu\u0142u obu rodzaj\u00f3w \u015bwiadcze\u0144 szacowana jest na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy przez niezale\u017cnego aktuariusza metod\u0105 prognozowanych uprawnie\u0144 jednostkowych.  Warto\u015b\u0107  bie\u017c\u0105c\u0105  zobowi\u0105zania  z  tytu\u0142u  okre\u015blonych  \u015bwiadcze\u0144  ustala  si\u0119  poprzez  zdyskontowanie  szacowanych przysz\u0142ych  wyp\u0142yw\u00f3w  pieni\u0119\u017cnych  przy  zastosowaniu  st\u00f3p  rentowno\u015bci  obligacji  skarbowych  wyra\u017conych  w walucie przysz\u0142ej wyp\u0142aty \u015bwiadcze\u0144, o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w regulowania odno\u015bnych zobowi\u0105za\u0144. Zyski  i  straty  aktuarialne  z  wyceny  okre\u015blonych  \u015bwiadcze\u0144  po  okresie  zatrudnienia  ujmuje  si\u0119  w  pozosta\u0142ych ca\u0142kowitych  dochodach  w  okresie  w  kt\u00f3rym  powsta\u0142y.  Zyski  i  straty  aktuarialne  z  wyceny  pozosta\u0142ych  \u015bwiadcze\u0144 (\u015bwiadczenia z tytu\u0142u nagr\u00f3d jubileuszowych) ujmowane s\u0105 w wyniku finansowym. Wa\u017cne oszacowania i za\u0142o\u017cenia Zobowi\u0105zanie  bilansowe  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  r\u00f3wne  jest  warto\u015bci  bie\u017c\u0105cej  zobowi\u0105zania  z  tytu\u0142u  okre\u015blonych  \u015bwiadcze\u0144.  Wysoko\u015b\u0107  zobowi\u0105zania  zale\u017cy  od  wielu  czynnik\u00f3w,  kt\u00f3re  s\u0105  wykorzystywane  jako za\u0142o\u017cenia w metodzie aktuarialnej. Wszelkie zmiany za\u0142o\u017ce\u0144 maj\u0105 wp\u0142yw na warto\u015b\u0107 bilansow\u0105 zobowi\u0105zania. Jednym  z  podstawowych  za\u0142o\u017ce\u0144  dla  ustalenia  wysoko\u015bci  zobowi\u0105zania  jest  stopa  dyskontowa.  Na  dzie\u0144  ko\u0144cz\u0105cy  okres sprawozdawczy  w  oparciu  o  opini\u0119  niezale\u017cnego  aktuariusza  przyjmuje  si\u0119  odpowiedni\u0105  stop\u0119  dyskonta  dla podmiot\u00f3w  Grupy  Kapita\u0142owej,  przy  u\u017cyciu  kt\u00f3rej  ustala  si\u0119  warto\u015b\u0107  bie\u017c\u0105c\u0105  szacowanych  przysz\u0142ych  wyp\u0142yw\u00f3w pieni\u0119\u017cnych  z  tytu\u0142u  tych  \u015bwiadcze\u0144. Przy  ustalaniu  stopy  dyskontowej  dla  okresu  sprawozdawczego  aktuariusz stosuje  dost\u0119pne  na  dat\u0119  bilansow\u0105  warto\u015bci  rentowno\u015bci  obligacji  Skarbu  Pa\u0144stwa  o  zapadalno\u015bci  zbli\u017conej do \u015bredniej zapadalno\u015bci wycenianych \u015bwiadcze\u0144. Pozosta\u0142e  za\u0142o\u017cenia  makroekonomiczne  wykorzystywane  dla  wyceny  zobowi\u0105za\u0144  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144 pracowniczych, takie jak stopa inflacji czy najni\u017csze wynagrodzenie, oparte s\u0105 na obecnych warunkach rynkowych.  Zgodnie  z  MSR  19  par.  78  za\u0142o\u017cenia  aktuarialne  przyj\u0119te  dla  cel\u00f3w  wyceny  \u015bwiadcze\u0144  pracowniczych  w  Grupie  s\u0105 sp\u00f3jne,  gdy\u017c  odzwierciedlaj\u0105  relacje  ekonomiczne  pomi\u0119dzy  takimi  czynnikami  jak  inflacja,  stopa  wzrostu wynagrodze\u0144,  stopa  dyskonta  oraz  stopa  wzrostu  cen  w\u0119gla.  Dodatkowa  analiza  za\u0142o\u017ce\u0144  przygotowana  przez Jednostk\u0119 Dominuj\u0105c\u0105 wykaza\u0142a, \u017ce saldo rezerw uzyskane przy przyj\u0119tych za\u0142o\u017ceniach wzrostu wynagrodze\u0144 i wzrostu ceny w\u0119gla mo\u017cna uzyska\u0107 przy alternatywnych \u015bcie\u017ckach wzrostu wynagrodze\u0144 na poziomie 6,0% oraz wzrostu ceny w\u0119gla na poziomie 6,25%. Bior\u0105c pod uwag\u0119 przyj\u0119t\u0105 stop\u0119 dyskonta finansowego na poziomie 6,75% nale\u017cy uzna\u0107, \u017ce przyj\u0119te do wyceny za\u0142o\u017cenia pozostaj\u0105 sp\u00f3jne zgodnie z MSR 19 par. 78. Za\u0142o\u017cenia przyj\u0119te do wyceny na 31 grudnia 2022 r. zosta\u0142y przedstawione w Nocie 11.2. Wra\u017cliwo\u015b\u0107  zobowi\u0105za\u0144  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  na  zmiany  za\u0142o\u017ce\u0144  zosta\u0142a  ustalona  dla  salda zobowi\u0105za\u0144  Jednostki  Dominuj\u0105cej  (saldo  zobowi\u0105za\u0144  Jednostki  Dominuj\u0105cej  stanowi  w  bie\u017c\u0105cym  roku  91%, a w poprzednim 88% ca\u0142o\u015bci salda zobowi\u0105za\u0144 Grupy Kapita\u0142owej). W pozosta\u0142ych sp\u00f3\u0142kach Grupy Kapita\u0142owej, z uwagi na nieistotne salda zobowi\u0105za\u0144 z tego tytu\u0142u, wp\u0142yw zmian podstawowych parametr\u00f3w przyj\u0119tych do kalkulacji rezerw na  wysoko\u015b\u0107  salda  zobowi\u0105za\u0144  z tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  w  skonsolidowanym  sprawozdaniu finansowym by\u0142by nieistotny. Wp\u0142yw zmian wska\u017anik\u00f3w na saldo zobowi\u0105za\u0144 (Jednostki Dominuj\u0105cej) Stan na 31.12.2022 Stan na 31.12.2021 wzrost stopy dyskonta o 1 p. p. (231) (242) obni\u017cenie stopy dyskonta o 1 p. p.  278 308 wzrost o 1 p. p. wska\u017anika wzrostu cen w\u0119gla i wska\u017anika wzrostu wynagrodze\u0144 299 228 obni\u017cenie o 1 p. p.  wska\u017anika wzrostu cen w\u0119gla i wska\u017anika wzrostu wynagrodze\u0144 (227) (177) Zasady  rachunkowo\u015bci  oraz  wa\u017cne  oszacowania  i  za\u0142o\u017cenia  zaprezentowane  w  Cz\u0119\u015bci  2  i  10  maj\u0105  zastosowanie do transakcji przeprowadzanych z podmiotami powi\u0105zanymi. Zasady rachunkowo\u015bci Nale\u017cno\u015bci niestanowi\u0105ce aktyw\u00f3w finansowych ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci nominalnej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty. Zasady rachunkowo\u015bci Pozosta\u0142e  zobowi\u0105zania finansowe  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej o  koszty  transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-432": {
   "value": "Temat  Zasady rachunkowo\u015bci Znacz\u0105ce szacunki i os\u0105dy Zasady konsolidacji Skonsolidowane  sprawozdanie  finansowe  obejmuje sprawozdanie  finansowe  Jednostki  Dominuj\u0105cej  oraz  sp\u00f3\u0142ek od niej zale\u017cnych.  Za jednostki zale\u017cne uznaje si\u0119 jednostki, w odniesieniu  do  kt\u00f3rych  Jednostka  Dominuj\u0105ca, bezpo\u015brednio lub po\u015brednio poprzez swoje jednostki zale\u017cne sprawuje kontrol\u0119.  Obj\u0119cie  kontroli  nad  jednostk\u0105  zale\u017cn\u0105  stanowi\u0105c\u0105 przedsi\u0119wzi\u0119cie rozlicza si\u0119 metod\u0105 przej\u0119cia.  Jednostki  zale\u017cne  podlegaj\u0105  konsolidacji  metod\u0105  pe\u0142n\u0105 od dnia obj\u0119cia kontroli do dnia utraty kontroli.  Rozrachunki, przychody, koszty i  niezrealizowane zyski  uj\u0119te w  aktywach,  powsta\u0142e  na transakcjach  pomi\u0119dzy  sp\u00f3\u0142kami Grupy, podlegaj\u0105 eliminacji.  Ocena,  czy  Jednostka  Dominuj\u0105ca sprawuje  kontrol\u0119  nad  sp\u00f3\u0142k\u0105 wymaga  ustalenia,  czy  posiada  ona prawa  do  kierowania  istotn\u0105 dzia\u0142alno\u015bci\u0105  sp\u00f3\u0142ki.  Okre\u015blenie istotnej dzia\u0142alno\u015bci sp\u00f3\u0142ki oraz kt\u00f3ry z inwestor\u00f3w  j\u0105  kontroluje,  wymaga os\u0105du. W ocenie sytuacji i okre\u015bleniu istoty  powi\u0105za\u0144  bierze  si\u0119  pod uwag\u0119 m.in. prawa g\u0142osu, relatywnie posiadany udzia\u0142, rozproszenie praw g\u0142osu  posiadanych  przez  innych inwestor\u00f3w, zakres udzia\u0142u tych Inwestor\u00f3w w powo\u0142ywaniu kluczowego personelu kierowniczego lub cz\u0142onk\u00f3w rady nadzorczej.   Wycena w warto\u015bci godziwej Warto\u015b\u0107  godziwa  stanowi  cen\u0119,  kt\u00f3r\u0105  otrzymano  by  ze sprzeda\u017cy  sk\u0142adnika  aktyw\u00f3w  lub  zap\u0142acono  by  za przeniesienie zobowi\u0105zania w transakcji mi\u0119dzy uczestnikami rynku  przeprowadzonej  na  zwyk\u0142ych  warunkach  na  dzie\u0144 wyceny.  Dla  cel\u00f3w  sprawozdawczo\u015bci  finansowej stosuje  si\u0119 hierarchi\u0119  ustalania  warto\u015bci  godziwej,  opart\u0105  na  trzech poziomach pozyskania informacji wej\u015bciowych: Poziom 1 Warto\u015b\u0107 oparta na danych wej\u015bciowych pochodz\u0105cych z aktywnego rynku, kt\u00f3re s\u0105  traktowane jako \u017ar\u00f3d\u0142o najbardziej wiarygodnych danych.  Poziom 2 Warto\u015b\u0107 oparta na danych wej\u015bciowych innych ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re jednak s\u0105 obserwowalne (obiektywne, mierzalne).  Poziom 3 Warto\u015b\u0107 oparta na danych o charakterze nieobserwowalnym, stosowanych w zakresie , w jakim odpowiednie  obserwowalne dane wej\u015bciowe s\u0105 niedost\u0119pne. Nieobserwowalne dane wej\u015bciowe odzwierciedlaj\u0105 za\u0142o\u017cenia, kt\u00f3re przyj\u0119liby uczestnicy rynku na potrzeby kalkulacji ceny sk\u0142adnika aktyw\u00f3w lub zobowi\u0105zania, w tym za\u0142o\u017cenia dotycz\u0105ce ryzyka. Przeniesienie  mi\u0119dzy  poziomami  hierarchii  warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142  pochodzenia  danych  wej\u015bciowych  na  potrzeby wyceny warto\u015bci godziwej, takich jak: \u2022 aktywny rynek, \u2022 brak  aktywnego  rynku,  jednak  dane  obserwowalne na rynku, \u2022 subiektywne dane wej\u015bciowe. Uznaje  si\u0119,  \u017ce  przeniesienia  pomi\u0119dzy  poziomami  hierarchii warto\u015bci  godziwej  maj\u0105  miejsce  na  koniec  okresu sprawozdawczego. Warto\u015b\u0107  godziwa  przedstawia obecne  szacunki,  kt\u00f3re  mog\u0105  ulec zmianie  w  kolejnych  okresach sprawozdawczych z tytu\u0142u warunk\u00f3w rynkowych  lub  innych  czynnik\u00f3w. Istnieje  wiele  metod  ustalania warto\u015bci  godziwej,  kt\u00f3re  mog\u0105 powodowa\u0107  r\u00f3\u017cnice  w  warto\u015bciach godziwych.  Co  wi\u0119cej,  za\u0142o\u017cenia b\u0119d\u0105ce podstaw\u0105 ustalenia warto\u015bci godziwej  mog\u0105  wymaga\u0107 oszacowania  zmian  koszt\u00f3w/cen w czasie,  stopy  dyskonta,  stopy inflacji  czy  innych  istotnych zmiennych. Pewne  za\u0142o\u017cenia  i  szacunki s\u0105 konieczne  dla  ustalenia, do kt\u00f3rego  poziomu  hierarchii warto\u015bci  godziwej  dany  instrument powinien zosta\u0107 zakwalifikowany.   Sprawozdania jednostek  o walucie funkcjonalnej  innej ni\u017c PLN Dla  cel\u00f3w  sporz\u0105dzenia  skonsolidowanego  sprawozdania finansowego w walucie prezentacji Grupy Kapita\u0142owej KGHM Polska  Mied\u017a  S.A.  tj.  w  PLN,  dokonuje  si\u0119  przelicze\u0144 poszczeg\u00f3lnych  pozycji  sprawozda\u0144  finansowych  jednostek zagranicznych, dla kt\u00f3rych walut\u0105 funkcjonaln\u0105 jest waluta inna ni\u017c PLN, w nast\u0119puj\u0105cy spos\u00f3b: (i)  pozycje  aktyw\u00f3w  i  zobowi\u0105za\u0144  -  po  kursie  zamkni\u0119cia, tj. po  kursie  \u015brednim  obowi\u0105zuj\u0105cym  na  koniec  okresu sprawozdawczego  og\u0142oszonym  dla  danej  waluty  przez NBP, (ii)  pozycje  sprawozdania  z  wyniku,  sprawozdania z ca\u0142kowitych  dochod\u00f3w,  sprawozdania  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych  -  po  kursie  stanowi\u0105cym  \u015bredni\u0105 arytmetyczn\u0105 kurs\u00f3w  \u015brednich  og\u0142aszanych  dla  danej waluty  przez  NBP  na  ostatni  dzie\u0144  ka\u017cdego  miesi\u0105ca danego  okresu  sprawozdawczego.  W  przypadku znacznych waha\u0144  kursu  wymiany  w  danym  okresie przychody  i  koszty  sprawozdania  z  wyniku i sprawozdania  z  ca\u0142kowitych  dochod\u00f3w  przelicza  si\u0119 po kursach z dnia transakcji, R\u00f3\u017cnice  kursowe  z  przeliczenia  sprawozda\u0144  jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  ujmuje  si\u0119 w pozosta\u0142ych ca\u0142kowitych dochodach danego okresu. Skonsolidowane  sprawozdanie finansowe prezentowane jest w PLN, kt\u00f3ry  stanowi  r\u00f3wnie\u017c  walut\u0119 funkcjonaln\u0105  Jednostki  Dominuj\u0105cej i jednostek  zale\u017cnych  Grupy Kapita\u0142owej za wyj\u0105tkiem: Jednostki zale\u017cnej Future 1 Sp. z o.o. oraz  jednostek  grupy  kapita\u0142owej ni\u017cszego  szczebla  KGHM INTERNATIONAL  LTD.,  dla  kt\u00f3rych  walut\u0119 funkcjonaln\u0105 stanowi g\u0142\u00f3wnie dolar ameryka\u0144ski (USD). Saldo r\u00f3\u017cnic kursowych  z przeliczenia sprawozda\u0144 powy\u017cszych jednostek wynios\u0142o: w 2022 r. \u2013 2 554 mln PLN, w 2021 r. \u2013 2 619 mln PLN (patrz Nota 8.2.2 Zmiany pozosta\u0142ych kapita\u0142\u00f3w) . Transakcje w walucie obcej i wycena pozycji wyra\u017conych w walutach obcych Transakcje  wyra\u017cone  w  walutach  obcych  przelicza  si\u0119 na moment pocz\u0105tkowego uj\u0119cia na walut\u0119 funkcjonaln\u0105: \u2022  po kursie faktycznie zastosowanym, tj. po kursie kupna lub sprzeda\u017cy walut stosowanym przez bank, w kt\u00f3rym nast\u0119puje  transakcja,  w przypadku  operacji  sprzeda\u017cy lub  kupna  walut  oraz  operacji  zap\u0142aty  nale\u017cno\u015bci lub zobowi\u0105za\u0144, \u2022  po  \u015brednim  kursie  ustalonym  dla  danej  waluty, obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia  transakcji  dla pozosta\u0142ych transakcji.  Na  koniec  ka\u017cdego  okresu  sprawozdawczego  pozycje pieni\u0119\u017cne  wyra\u017cone  w  walucie  obcej  przelicza  si\u0119  przy zastosowaniu obowi\u0105zuj\u0105cego w tym dniu kursu zamkni\u0119cia. Zyski  i  straty  z  tytu\u0142u  r\u00f3\u017cnic  kursowych  powsta\u0142e  w  wyniku rozliczenia transakcji w walucie obcej oraz wyceny bilansowej aktyw\u00f3w  i  zobowi\u0105za\u0144  pieni\u0119\u017cnych  (innych  ni\u017c  instrumenty pochodne)  wyra\u017conych  w walutach  obcych  ujmuje si\u0119 w wyniku finansowym. Zyski i straty z tytu\u0142u zmiany kurs\u00f3w walut dotycz\u0105ce wyceny bilansowej instrument\u00f3w pochodnych wyra\u017conych w walucie obcej  ujmuje  si\u0119  w  wyniku  finansowym  jako  wycena do warto\u015bci  godziwej,  o  ile  nie  s\u0105  elementem  efektywnej cz\u0119\u015bci zmiany warto\u015bci godziwej transakcji zabezpieczaj\u0105cych przep\u0142ywy  pieni\u0119\u017cne.  W takim  przypadku  s\u0105  one  ujmowane w pozosta\u0142ych  ca\u0142kowitych  dochodach,  zgodnie  z  zasadami rachunkowo\u015bci zabezpiecze\u0144. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e  na pozycjach niepieni\u0119\u017cnych, takich jak instrumenty kapita\u0142owe zaklasyfikowane  do  aktyw\u00f3w  finansowych  wycenianych w warto\u015bci  godziwej  przez  pozosta\u0142e  ca\u0142kowite  dochody, ujmuje  si\u0119  w  pozosta\u0142ych  ca\u0142kowitych  dochodach  i prezentuje w ramach wyceny do warto\u015bci godziwej. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e na pozycjach pieni\u0119\u017cnych wycenianych w  warto\u015bci godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci  godziwej)  ujmuje  si\u0119  jako  element  wyceny w warto\u015bci godziwej. Od  dnia  1  stycznia  2022  r.  w  Grupie  Kapita\u0142owej  KGHM Polska  Mied\u017a  S.A.  zosta\u0142a  wdro\u017cona  zmiana  w  zakresie kurs\u00f3w  wymiany  walut  obcych  stosowanych  do  wyceny operacji  sprzeda\u017cy  lub  kupna  walut  oraz  operacji  zap\u0142aty nale\u017cno\u015bci  i  zobowi\u0105za\u0144  (w  tym  do  wyceny  transakcji otrzymania,  udzielenia  oraz  sp\u0142aty  kredyt\u00f3w  i po\u017cyczek) na walutowych  rachunkach  bankowych  Grupy. Do przeliczania  takich  transakcji  na  walut\u0119  funkcjonaln\u0105 stosuje  si\u0119  kurs  \u015bredni  obowi\u0105zuj\u0105cy  na  dzie\u0144  zawarcia transakcji,  gdzie  kursem  obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia transakcji jest \u015bredni kurs NBP z ostatniego dnia roboczego poprzedzaj\u0105cego  dzie\u0144  transakcji.  Zmiana  stosowanych kurs\u00f3w  wymiany  walut  stanowi,  zgodnie  z  MSR  8,  zmian\u0119 warto\u015bci  szacunkowych,  a  jej  skutki  s\u0105  ujmowane prospektywnie  dla  okres\u00f3w  rozpoczynaj\u0105cych  si\u0119 od 1 stycznia 2022 r. i p\u00f3\u017aniej. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "Temat  Zasady rachunkowo\u015bci Znacz\u0105ce szacunki i os\u0105dy Zasady konsolidacji Skonsolidowane  sprawozdanie  finansowe  obejmuje sprawozdanie  finansowe  Jednostki  Dominuj\u0105cej  oraz  sp\u00f3\u0142ek od niej zale\u017cnych.  Za jednostki zale\u017cne uznaje si\u0119 jednostki, w odniesieniu  do  kt\u00f3rych  Jednostka  Dominuj\u0105ca, bezpo\u015brednio lub po\u015brednio poprzez swoje jednostki zale\u017cne sprawuje kontrol\u0119.  Obj\u0119cie  kontroli  nad  jednostk\u0105  zale\u017cn\u0105  stanowi\u0105c\u0105 przedsi\u0119wzi\u0119cie rozlicza si\u0119 metod\u0105 przej\u0119cia.  Jednostki  zale\u017cne  podlegaj\u0105  konsolidacji  metod\u0105  pe\u0142n\u0105 od dnia obj\u0119cia kontroli do dnia utraty kontroli.  Rozrachunki, przychody, koszty i  niezrealizowane zyski  uj\u0119te w  aktywach,  powsta\u0142e  na transakcjach  pomi\u0119dzy  sp\u00f3\u0142kami Grupy, podlegaj\u0105 eliminacji.  Ocena,  czy  Jednostka  Dominuj\u0105ca sprawuje  kontrol\u0119  nad  sp\u00f3\u0142k\u0105 wymaga  ustalenia,  czy  posiada  ona prawa  do  kierowania  istotn\u0105 dzia\u0142alno\u015bci\u0105  sp\u00f3\u0142ki.  Okre\u015blenie istotnej dzia\u0142alno\u015bci sp\u00f3\u0142ki oraz kt\u00f3ry z inwestor\u00f3w  j\u0105  kontroluje,  wymaga os\u0105du. W ocenie sytuacji i okre\u015bleniu istoty  powi\u0105za\u0144  bierze  si\u0119  pod uwag\u0119 m.in. prawa g\u0142osu, relatywnie posiadany udzia\u0142, rozproszenie praw g\u0142osu  posiadanych  przez  innych inwestor\u00f3w, zakres udzia\u0142u tych Inwestor\u00f3w w powo\u0142ywaniu kluczowego personelu kierowniczego lub cz\u0142onk\u00f3w rady nadzorczej.   Wycena w warto\u015bci godziwej Warto\u015b\u0107  godziwa  stanowi  cen\u0119,  kt\u00f3r\u0105  otrzymano  by  ze sprzeda\u017cy  sk\u0142adnika  aktyw\u00f3w  lub  zap\u0142acono  by  za przeniesienie zobowi\u0105zania w transakcji mi\u0119dzy uczestnikami rynku  przeprowadzonej  na  zwyk\u0142ych  warunkach  na  dzie\u0144 wyceny.  Dla  cel\u00f3w  sprawozdawczo\u015bci  finansowej stosuje  si\u0119 hierarchi\u0119  ustalania  warto\u015bci  godziwej,  opart\u0105  na  trzech poziomach pozyskania informacji wej\u015bciowych: Poziom 1 Warto\u015b\u0107 oparta na danych wej\u015bciowych pochodz\u0105cych z aktywnego rynku, kt\u00f3re s\u0105  traktowane jako \u017ar\u00f3d\u0142o najbardziej wiarygodnych danych.  Poziom 2 Warto\u015b\u0107 oparta na danych wej\u015bciowych innych ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re jednak s\u0105 obserwowalne (obiektywne, mierzalne).  Poziom 3 Warto\u015b\u0107 oparta na danych o charakterze nieobserwowalnym, stosowanych w zakresie , w jakim odpowiednie  obserwowalne dane wej\u015bciowe s\u0105 niedost\u0119pne. Nieobserwowalne dane wej\u015bciowe odzwierciedlaj\u0105 za\u0142o\u017cenia, kt\u00f3re przyj\u0119liby uczestnicy rynku na potrzeby kalkulacji ceny sk\u0142adnika aktyw\u00f3w lub zobowi\u0105zania, w tym za\u0142o\u017cenia dotycz\u0105ce ryzyka. Przeniesienie  mi\u0119dzy  poziomami  hierarchii  warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142  pochodzenia  danych  wej\u015bciowych  na  potrzeby wyceny warto\u015bci godziwej, takich jak: \u2022 aktywny rynek, \u2022 brak  aktywnego  rynku,  jednak  dane  obserwowalne na rynku, \u2022 subiektywne dane wej\u015bciowe. Uznaje  si\u0119,  \u017ce  przeniesienia  pomi\u0119dzy  poziomami  hierarchii warto\u015bci  godziwej  maj\u0105  miejsce  na  koniec  okresu sprawozdawczego. Warto\u015b\u0107  godziwa  przedstawia obecne  szacunki,  kt\u00f3re  mog\u0105  ulec zmianie  w  kolejnych  okresach sprawozdawczych z tytu\u0142u warunk\u00f3w rynkowych  lub  innych  czynnik\u00f3w. Istnieje  wiele  metod  ustalania warto\u015bci  godziwej,  kt\u00f3re  mog\u0105 powodowa\u0107  r\u00f3\u017cnice  w  warto\u015bciach godziwych.  Co  wi\u0119cej,  za\u0142o\u017cenia b\u0119d\u0105ce podstaw\u0105 ustalenia warto\u015bci godziwej  mog\u0105  wymaga\u0107 oszacowania  zmian  koszt\u00f3w/cen w czasie,  stopy  dyskonta,  stopy inflacji  czy  innych  istotnych zmiennych. Pewne  za\u0142o\u017cenia  i  szacunki s\u0105 konieczne  dla  ustalenia, do kt\u00f3rego  poziomu  hierarchii warto\u015bci  godziwej  dany  instrument powinien zosta\u0107 zakwalifikowany.   Sprawozdania jednostek  o walucie funkcjonalnej  innej ni\u017c PLN Dla  cel\u00f3w  sporz\u0105dzenia  skonsolidowanego  sprawozdania finansowego w walucie prezentacji Grupy Kapita\u0142owej KGHM Polska  Mied\u017a  S.A.  tj.  w  PLN,  dokonuje  si\u0119  przelicze\u0144 poszczeg\u00f3lnych  pozycji  sprawozda\u0144  finansowych  jednostek zagranicznych, dla kt\u00f3rych walut\u0105 funkcjonaln\u0105 jest waluta inna ni\u017c PLN, w nast\u0119puj\u0105cy spos\u00f3b: (i)  pozycje  aktyw\u00f3w  i  zobowi\u0105za\u0144  -  po  kursie  zamkni\u0119cia, tj. po  kursie  \u015brednim  obowi\u0105zuj\u0105cym  na  koniec  okresu sprawozdawczego  og\u0142oszonym  dla  danej  waluty  przez NBP, (ii)  pozycje  sprawozdania  z  wyniku,  sprawozdania z ca\u0142kowitych  dochod\u00f3w,  sprawozdania  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych  -  po  kursie  stanowi\u0105cym  \u015bredni\u0105 arytmetyczn\u0105 kurs\u00f3w  \u015brednich  og\u0142aszanych  dla  danej waluty  przez  NBP  na  ostatni  dzie\u0144  ka\u017cdego  miesi\u0105ca danego  okresu  sprawozdawczego.  W  przypadku znacznych waha\u0144  kursu  wymiany  w  danym  okresie przychody  i  koszty  sprawozdania  z  wyniku i sprawozdania  z  ca\u0142kowitych  dochod\u00f3w  przelicza  si\u0119 po kursach z dnia transakcji, R\u00f3\u017cnice  kursowe  z  przeliczenia  sprawozda\u0144  jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  ujmuje  si\u0119 w pozosta\u0142ych ca\u0142kowitych dochodach danego okresu. Skonsolidowane  sprawozdanie finansowe prezentowane jest w PLN, kt\u00f3ry  stanowi  r\u00f3wnie\u017c  walut\u0119 funkcjonaln\u0105  Jednostki  Dominuj\u0105cej i jednostek  zale\u017cnych  Grupy Kapita\u0142owej za wyj\u0105tkiem: Jednostki zale\u017cnej Future 1 Sp. z o.o. oraz  jednostek  grupy  kapita\u0142owej ni\u017cszego  szczebla  KGHM INTERNATIONAL  LTD.,  dla  kt\u00f3rych  walut\u0119 funkcjonaln\u0105 stanowi g\u0142\u00f3wnie dolar ameryka\u0144ski (USD). Saldo r\u00f3\u017cnic kursowych  z przeliczenia sprawozda\u0144 powy\u017cszych jednostek wynios\u0142o: w 2022 r. \u2013 2 554 mln PLN, w 2021 r. \u2013 2 619 mln PLN (patrz Nota 8.2.2 Zmiany pozosta\u0142ych kapita\u0142\u00f3w) .  Transakcje w walucie obcej i wycena pozycji wyra\u017conych w walutach obcych Transakcje  wyra\u017cone  w  walutach  obcych  przelicza  si\u0119 na moment pocz\u0105tkowego uj\u0119cia na walut\u0119 funkcjonaln\u0105: \u2022  po kursie faktycznie zastosowanym, tj. po kursie kupna lub sprzeda\u017cy walut stosowanym przez bank, w kt\u00f3rym nast\u0119puje  transakcja,  w przypadku  operacji  sprzeda\u017cy lub  kupna  walut  oraz  operacji  zap\u0142aty  nale\u017cno\u015bci lub zobowi\u0105za\u0144, \u2022  po  \u015brednim  kursie  ustalonym  dla  danej  waluty, obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia  transakcji  dla pozosta\u0142ych transakcji.  Na  koniec  ka\u017cdego  okresu  sprawozdawczego  pozycje pieni\u0119\u017cne  wyra\u017cone  w  walucie  obcej  przelicza  si\u0119  przy zastosowaniu obowi\u0105zuj\u0105cego w tym dniu kursu zamkni\u0119cia. Zyski  i  straty  z  tytu\u0142u  r\u00f3\u017cnic  kursowych  powsta\u0142e  w  wyniku rozliczenia transakcji w walucie obcej oraz wyceny bilansowej aktyw\u00f3w  i  zobowi\u0105za\u0144  pieni\u0119\u017cnych  (innych  ni\u017c  instrumenty pochodne)  wyra\u017conych  w walutach  obcych  ujmuje si\u0119 w wyniku finansowym. Zyski i straty z tytu\u0142u zmiany kurs\u00f3w walut dotycz\u0105ce wyceny bilansowej instrument\u00f3w pochodnych wyra\u017conych w walucie obcej  ujmuje  si\u0119  w  wyniku  finansowym  jako  wycena do warto\u015bci  godziwej,  o  ile  nie  s\u0105  elementem  efektywnej cz\u0119\u015bci zmiany warto\u015bci godziwej transakcji zabezpieczaj\u0105cych przep\u0142ywy  pieni\u0119\u017cne.  W takim  przypadku  s\u0105  one  ujmowane w pozosta\u0142ych  ca\u0142kowitych  dochodach,  zgodnie  z  zasadami rachunkowo\u015bci zabezpiecze\u0144. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e  na pozycjach niepieni\u0119\u017cnych, takich jak instrumenty kapita\u0142owe zaklasyfikowane  do  aktyw\u00f3w  finansowych  wycenianych w warto\u015bci  godziwej  przez  pozosta\u0142e  ca\u0142kowite  dochody, ujmuje  si\u0119  w  pozosta\u0142ych  ca\u0142kowitych  dochodach  i prezentuje w ramach wyceny do warto\u015bci godziwej. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e na pozycjach pieni\u0119\u017cnych wycenianych w  warto\u015bci godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci  godziwej)  ujmuje  si\u0119  jako  element  wyceny w warto\u015bci godziwej.  Od  dnia  1  stycznia  2022  r.  w  Grupie  Kapita\u0142owej  KGHM Polska  Mied\u017a  S.A.  zosta\u0142a  wdro\u017cona  zmiana  w  zakresie kurs\u00f3w  wymiany  walut  obcych  stosowanych  do  wyceny operacji  sprzeda\u017cy  lub  kupna  walut  oraz  operacji  zap\u0142aty nale\u017cno\u015bci  i  zobowi\u0105za\u0144  (w  tym  do  wyceny  transakcji otrzymania,  udzielenia  oraz  sp\u0142aty  kredyt\u00f3w  i po\u017cyczek) na walutowych  rachunkach  bankowych  Grupy. Do przeliczania  takich  transakcji  na  walut\u0119  funkcjonaln\u0105 stosuje  si\u0119  kurs  \u015bredni  obowi\u0105zuj\u0105cy  na  dzie\u0144  zawarcia transakcji,  gdzie  kursem  obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia transakcji jest \u015bredni kurs NBP z ostatniego dnia roboczego poprzedzaj\u0105cego  dzie\u0144  transakcji.  Zmiana  stosowanych kurs\u00f3w  wymiany  walut  stanowi,  zgodnie  z  MSR  8,  zmian\u0119 warto\u015bci  szacunkowych,  a  jej  skutki  s\u0105  ujmowane prospektywnie  dla  okres\u00f3w  rozpoczynaj\u0105cych  si\u0119 od 1 stycznia 2022 r. i p\u00f3\u017aniej. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "Temat  Zasady rachunkowo\u015bci Znacz\u0105ce szacunki i os\u0105dy Zasady konsolidacji Skonsolidowane  sprawozdanie  finansowe  obejmuje sprawozdanie  finansowe  Jednostki  Dominuj\u0105cej  oraz  sp\u00f3\u0142ek od niej zale\u017cnych.  Za jednostki zale\u017cne uznaje si\u0119 jednostki, w odniesieniu  do  kt\u00f3rych  Jednostka  Dominuj\u0105ca, bezpo\u015brednio lub po\u015brednio poprzez swoje jednostki zale\u017cne sprawuje kontrol\u0119.  Obj\u0119cie  kontroli  nad  jednostk\u0105  zale\u017cn\u0105  stanowi\u0105c\u0105 przedsi\u0119wzi\u0119cie rozlicza si\u0119 metod\u0105 przej\u0119cia.  Jednostki  zale\u017cne  podlegaj\u0105  konsolidacji  metod\u0105  pe\u0142n\u0105 od dnia obj\u0119cia kontroli do dnia utraty kontroli.  Rozrachunki, przychody, koszty i  niezrealizowane zyski  uj\u0119te w  aktywach,  powsta\u0142e  na transakcjach  pomi\u0119dzy  sp\u00f3\u0142kami Grupy, podlegaj\u0105 eliminacji.  Ocena,  czy  Jednostka  Dominuj\u0105ca sprawuje  kontrol\u0119  nad  sp\u00f3\u0142k\u0105 wymaga  ustalenia,  czy  posiada  ona prawa  do  kierowania  istotn\u0105 dzia\u0142alno\u015bci\u0105  sp\u00f3\u0142ki.  Okre\u015blenie istotnej dzia\u0142alno\u015bci sp\u00f3\u0142ki oraz kt\u00f3ry z inwestor\u00f3w  j\u0105  kontroluje,  wymaga os\u0105du. W ocenie sytuacji i okre\u015bleniu istoty  powi\u0105za\u0144  bierze  si\u0119  pod uwag\u0119 m.in. prawa g\u0142osu, relatywnie posiadany udzia\u0142, rozproszenie praw g\u0142osu  posiadanych  przez  innych inwestor\u00f3w, zakres udzia\u0142u tych Inwestor\u00f3w w powo\u0142ywaniu kluczowego personelu kierowniczego lub cz\u0142onk\u00f3w rady nadzorczej.  Wycena w warto\u015bci godziwej Warto\u015b\u0107  godziwa  stanowi  cen\u0119,  kt\u00f3r\u0105  otrzymano  by  ze sprzeda\u017cy  sk\u0142adnika  aktyw\u00f3w  lub  zap\u0142acono  by  za przeniesienie zobowi\u0105zania w transakcji mi\u0119dzy uczestnikami rynku  przeprowadzonej  na  zwyk\u0142ych  warunkach  na  dzie\u0144 wyceny.  Dla  cel\u00f3w  sprawozdawczo\u015bci  finansowej stosuje  si\u0119 hierarchi\u0119  ustalania  warto\u015bci  godziwej,  opart\u0105  na  trzech poziomach pozyskania informacji wej\u015bciowych: Poziom 1 Warto\u015b\u0107 oparta na danych wej\u015bciowych pochodz\u0105cych z aktywnego rynku, kt\u00f3re s\u0105  traktowane jako \u017ar\u00f3d\u0142o najbardziej wiarygodnych danych.  Poziom 2 Warto\u015b\u0107 oparta na danych wej\u015bciowych innych ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re jednak s\u0105 obserwowalne (obiektywne, mierzalne).  Poziom 3 Warto\u015b\u0107 oparta na danych o charakterze nieobserwowalnym, stosowanych w zakresie , w jakim odpowiednie  obserwowalne dane wej\u015bciowe s\u0105 niedost\u0119pne. Nieobserwowalne dane wej\u015bciowe odzwierciedlaj\u0105 za\u0142o\u017cenia, kt\u00f3re przyj\u0119liby uczestnicy rynku na potrzeby kalkulacji ceny sk\u0142adnika aktyw\u00f3w lub zobowi\u0105zania, w tym za\u0142o\u017cenia dotycz\u0105ce ryzyka. Przeniesienie  mi\u0119dzy  poziomami  hierarchii  warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142  pochodzenia  danych  wej\u015bciowych  na  potrzeby wyceny warto\u015bci godziwej, takich jak: \u2022 aktywny rynek, \u2022 brak  aktywnego  rynku,  jednak  dane  obserwowalne na rynku, \u2022 subiektywne dane wej\u015bciowe. Uznaje  si\u0119,  \u017ce  przeniesienia  pomi\u0119dzy  poziomami  hierarchii warto\u015bci  godziwej  maj\u0105  miejsce  na  koniec  okresu sprawozdawczego. Warto\u015b\u0107  godziwa  przedstawia obecne  szacunki,  kt\u00f3re  mog\u0105  ulec zmianie  w  kolejnych  okresach sprawozdawczych z tytu\u0142u warunk\u00f3w rynkowych  lub  innych  czynnik\u00f3w. Istnieje  wiele  metod  ustalania warto\u015bci  godziwej,  kt\u00f3re  mog\u0105 powodowa\u0107  r\u00f3\u017cnice  w  warto\u015bciach godziwych.  Co  wi\u0119cej,  za\u0142o\u017cenia b\u0119d\u0105ce podstaw\u0105 ustalenia warto\u015bci godziwej  mog\u0105  wymaga\u0107 oszacowania  zmian  koszt\u00f3w/cen w czasie,  stopy  dyskonta,  stopy inflacji  czy  innych  istotnych zmiennych. Pewne  za\u0142o\u017cenia  i  szacunki s\u0105 konieczne  dla  ustalenia, do kt\u00f3rego  poziomu  hierarchii warto\u015bci  godziwej  dany  instrument powinien zosta\u0107 zakwalifikowany.   Sprawozdania jednostek  o walucie funkcjonalnej  innej ni\u017c PLN Dla  cel\u00f3w  sporz\u0105dzenia  skonsolidowanego  sprawozdania finansowego w walucie prezentacji Grupy Kapita\u0142owej KGHM Polska  Mied\u017a  S.A.  tj.  w  PLN,  dokonuje  si\u0119  przelicze\u0144 poszczeg\u00f3lnych  pozycji  sprawozda\u0144  finansowych  jednostek zagranicznych, dla kt\u00f3rych walut\u0105 funkcjonaln\u0105 jest waluta inna ni\u017c PLN, w nast\u0119puj\u0105cy spos\u00f3b: (i)  pozycje  aktyw\u00f3w  i  zobowi\u0105za\u0144  -  po  kursie  zamkni\u0119cia, tj. po  kursie  \u015brednim  obowi\u0105zuj\u0105cym  na  koniec  okresu sprawozdawczego  og\u0142oszonym  dla  danej  waluty  przez NBP, (ii)  pozycje  sprawozdania  z  wyniku,  sprawozdania z ca\u0142kowitych  dochod\u00f3w,  sprawozdania  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych  -  po  kursie  stanowi\u0105cym  \u015bredni\u0105 arytmetyczn\u0105 kurs\u00f3w  \u015brednich  og\u0142aszanych  dla  danej waluty  przez  NBP  na  ostatni  dzie\u0144  ka\u017cdego  miesi\u0105ca danego  okresu  sprawozdawczego.  W  przypadku znacznych waha\u0144  kursu  wymiany  w  danym  okresie przychody  i  koszty  sprawozdania  z  wyniku i sprawozdania  z  ca\u0142kowitych  dochod\u00f3w  przelicza  si\u0119 po kursach z dnia transakcji, R\u00f3\u017cnice  kursowe  z  przeliczenia  sprawozda\u0144  jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  ujmuje  si\u0119 w pozosta\u0142ych ca\u0142kowitych dochodach danego okresu. Skonsolidowane  sprawozdanie finansowe prezentowane jest w PLN, kt\u00f3ry  stanowi  r\u00f3wnie\u017c  walut\u0119 funkcjonaln\u0105  Jednostki  Dominuj\u0105cej i jednostek  zale\u017cnych  Grupy Kapita\u0142owej za wyj\u0105tkiem: Jednostki zale\u017cnej Future 1 Sp. z o.o. oraz  jednostek  grupy  kapita\u0142owej ni\u017cszego  szczebla  KGHM INTERNATIONAL  LTD.,  dla  kt\u00f3rych  walut\u0119 funkcjonaln\u0105 stanowi g\u0142\u00f3wnie dolar ameryka\u0144ski (USD). Saldo r\u00f3\u017cnic kursowych  z przeliczenia sprawozda\u0144 powy\u017cszych jednostek wynios\u0142o: w 2022 r. \u2013 2 554 mln PLN, w 2021 r. \u2013 2 619 mln PLN (patrz Nota 8.2.2 Zmiany pozosta\u0142ych kapita\u0142\u00f3w) Transakcje w walucie obcej i wycena pozycji wyra\u017conych w walutach obcych Transakcje  wyra\u017cone  w  walutach  obcych  przelicza  si\u0119 na moment pocz\u0105tkowego uj\u0119cia na walut\u0119 funkcjonaln\u0105: \u2022  po kursie faktycznie zastosowanym, tj. po kursie kupna lub sprzeda\u017cy walut stosowanym przez bank, w kt\u00f3rym nast\u0119puje  transakcja,  w przypadku  operacji  sprzeda\u017cy lub  kupna  walut  oraz  operacji  zap\u0142aty  nale\u017cno\u015bci lub zobowi\u0105za\u0144, \u2022  po  \u015brednim  kursie  ustalonym  dla  danej  waluty, obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia  transakcji  dla pozosta\u0142ych transakcji.  Na  koniec  ka\u017cdego  okresu  sprawozdawczego  pozycje pieni\u0119\u017cne  wyra\u017cone  w  walucie  obcej  przelicza  si\u0119  przy zastosowaniu obowi\u0105zuj\u0105cego w tym dniu kursu zamkni\u0119cia. Zyski  i  straty  z  tytu\u0142u  r\u00f3\u017cnic  kursowych  powsta\u0142e  w  wyniku rozliczenia transakcji w walucie obcej oraz wyceny bilansowej aktyw\u00f3w  i  zobowi\u0105za\u0144  pieni\u0119\u017cnych  (innych  ni\u017c  instrumenty pochodne)  wyra\u017conych  w walutach  obcych  ujmuje si\u0119 w wyniku finansowym. Zyski i straty z tytu\u0142u zmiany kurs\u00f3w walut dotycz\u0105ce wyceny bilansowej instrument\u00f3w pochodnych wyra\u017conych w walucie obcej  ujmuje  si\u0119  w  wyniku  finansowym  jako  wycena do warto\u015bci  godziwej,  o  ile  nie  s\u0105  elementem  efektywnej cz\u0119\u015bci zmiany warto\u015bci godziwej transakcji zabezpieczaj\u0105cych przep\u0142ywy  pieni\u0119\u017cne.  W takim  przypadku  s\u0105  one  ujmowane w pozosta\u0142ych  ca\u0142kowitych  dochodach,  zgodnie  z  zasadami rachunkowo\u015bci zabezpiecze\u0144. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e  na pozycjach niepieni\u0119\u017cnych, takich jak instrumenty kapita\u0142owe zaklasyfikowane  do  aktyw\u00f3w  finansowych  wycenianych w warto\u015bci  godziwej  przez  pozosta\u0142e  ca\u0142kowite  dochody, ujmuje  si\u0119  w  pozosta\u0142ych  ca\u0142kowitych  dochodach  i prezentuje w ramach wyceny do warto\u015bci godziwej. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e na pozycjach pieni\u0119\u017cnych wycenianych w  warto\u015bci godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci  godziwej)  ujmuje  si\u0119  jako  element  wyceny w warto\u015bci godziwej.  Od  dnia  1  stycznia  2022  r.  w  Grupie  Kapita\u0142owej  KGHM Polska  Mied\u017a  S.A.  zosta\u0142a  wdro\u017cona  zmiana  w  zakresie kurs\u00f3w  wymiany  walut  obcych  stosowanych  do  wyceny operacji  sprzeda\u017cy  lub  kupna  walut  oraz  operacji  zap\u0142aty nale\u017cno\u015bci  i  zobowi\u0105za\u0144  (w  tym  do  wyceny  transakcji otrzymania,  udzielenia  oraz  sp\u0142aty  kredyt\u00f3w  i po\u017cyczek) na walutowych  rachunkach  bankowych  Grupy. Do przeliczania  takich  transakcji  na  walut\u0119  funkcjonaln\u0105 stosuje  si\u0119  kurs  \u015bredni  obowi\u0105zuj\u0105cy  na  dzie\u0144  zawarcia transakcji,  gdzie  kursem  obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia transakcji jest \u015bredni kurs NBP z ostatniego dnia roboczego poprzedzaj\u0105cego  dzie\u0144  transakcji.  Zmiana  stosowanych kurs\u00f3w  wymiany  walut  stanowi,  zgodnie  z  MSR  8,  zmian\u0119 warto\u015bci  szacunkowych,  a  jej  skutki  s\u0105  ujmowane prospektywnie  dla  okres\u00f3w  rozpoczynaj\u0105cych  si\u0119 od 1 stycznia 2022 r. i p\u00f3\u017aniej. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Temat <span class=\"_ _3c\"> </span>Zasady rachunk<span class=\"_ _2\"></span>owo\u015bci Znacz\u0105ce szac<span class=\"_ _2\"></span>unki i os\u0105dy<span class=\"_ _2\"></span> Zasady konsolidacji Skonsolidowane <span class=\"_ _51\"> </span>spra<span class=\"_ _3\"></span>wozdanie <span class=\"_ _51\"> </span>finan<span class=\"_ _3\"></span>sowe <span class=\"_ _51\"> </span>obejmuj<span class=\"_ _3\"></span>e sprawozdanie <span class=\"_ _1\"> </span>finansowe <span class=\"_ _1\"> </span>Jednostki <span class=\"_ _1\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>sp\u00f3\u0142ek od niej <span class=\"_ _0\"></span>zale\u017cnych. <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Za <span class=\"_ _0\"></span>jednostki <span class=\"_ _53\"></span>zale\u017cne <span class=\"_ _0\"></span>uznaje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>jednostki, w odniesieniu <span class=\"_ _5c\"> </span>do <span class=\"_ _5c\"> </span>kt\u00f3rych <span class=\"_ _5c\"> </span>Jednostka <span class=\"_ _5c\"> </span>Dominuj\u0105ca, bezpo\u015brednio lub <span class=\"_ _2\"></span>po\u015brednio <span class=\"_ _53\"></span>poprzez <span class=\"_ _53\"></span>swoje <span class=\"_ _53\"></span>jednostki <span class=\"_ _53\"></span>zale\u017cne sprawuje kontrol\u0119. <span class=\"_ _3\"></span> Obj\u0119cie <span class=\"_ _37\"> </span>kontroli <span class=\"_ _24\"> </span>nad <span class=\"_ _37\"> </span>jednostk\u0105 <span class=\"_ _37\"> </span>zale\u017cn\u0105 <span class=\"_ _24\"> </span>st<span class=\"_ _2\"></span>anowi\u0105c\u0105<span class=\"_ _3\"></span> przedsi\u0119wzi\u0119cie rozli<span class=\"_ _3\"></span>cza si\u0119 metod\u0105 pr<span class=\"_ _3\"></span>zej\u0119cia.  Jednostki <span class=\"_ _5d\"> </span>zale\u017cne <span class=\"_ _5d\"> </span>podlegaj\u0105 <span class=\"_ _5d\"> </span>konsolidacji <span class=\"_ _5d\"> </span>metod\u0105 <span class=\"_ _5d\"> </span>pe\u0142n\u0105 od dnia obj\u0119cia k<span class=\"_ _3\"></span>ontroli do dnia utraty k<span class=\"_ _3\"></span>ontroli.  Rozrachunki, <span class=\"_ _0\"></span>przychody, <span class=\"_ _0\"></span>koszty <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>niezrealizowane <span class=\"_ _0\"></span>zyski <span class=\"_ _0\"> </span>uj\u0119te w <span class=\"_ _59\"> </span>aktywach, <span class=\"_ _59\"> </span>powsta\u0142e <span class=\"_ _59\"> </span>na trans<span class=\"_ _3\"></span>akcjach <span class=\"_ _59\"> </span>pomi\u0119dzy <span class=\"_ _57\"> </span>s<span class=\"_ _2\"></span>p\u00f3\u0142kami Grupy, podlegaj\u0105 <span class=\"_ _3\"></span>eliminacji.  Ocena, <span class=\"_ _5e\"> </span>czy <span class=\"_ _5e\"> </span>Jednostka <span class=\"_ _5e\"> </span>Dominuj\u0105ca sprawuje <span class=\"_ _5f\"> </span>kontrol\u0119 <span class=\"_ _5f\"> </span>nad <span class=\"_ _5f\"> </span>sp\u00f3\u0142k\u0105 wymaga <span class=\"_ _58\"> </span>ustalenia, <span class=\"_ _58\"> </span>czy <span class=\"_ _58\"> </span>posiada<span class=\"_ _3\"></span>  ona prawa <span class=\"_ _35\"> </span>do <span class=\"_ _35\"> </span>kierowania <span class=\"_ _35\"> </span>istotn\u0105 dzia\u0142alno\u015bci\u0105 <span class=\"_ _60\"> </span>sp\u00f3\u0142ki. <span class=\"_ _60\"> </span>Okre\u015blenie istotnej <span class=\"_ _2\"></span>dzia\u0142alno\u015bci s<span class=\"_ _2\"></span>p\u00f3\u0142ki oraz <span class=\"_ _2\"></span>kt\u00f3ry z inwestor\u00f3w <span class=\"_ _1\"> </span>j\u0105 <span class=\"_ _58\"> </span>kon<span class=\"_ _3\"></span>troluje, <span class=\"_ _1\"> </span>wymaga os\u0105du. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>ocenie sy<span class=\"_ _2\"></span>tuacji i <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kre\u015bleniu<span class=\"_ _3\"></span> istoty <span class=\"_ _61\"> </span>powi\u0105za\u0144 <span class=\"_ _62\"> </span>bierze <span class=\"_ _62\"> </span>si\u0119 <span class=\"_ _62\"> </span>po<span class=\"_ _2\"></span>d uwag\u0119 <span class=\"_ _53\"></span>m.in. <span class=\"_ _2\"></span>prawa <span class=\"_ _53\"></span>g\u0142osu, <span class=\"_ _53\"></span>relatywnie posiadany <span class=\"_ _53\"></span>udzia\u0142, <span class=\"_ _53\"></span>rozproszenie <span class=\"_ _2\"></span>praw g\u0142osu <span class=\"_ _61\"> </span>posiadanych <span class=\"_ _61\"> </span>przez <span class=\"_ _61\"> </span>innych inwestor\u00f3w, zak<span class=\"_ _3\"></span>res udzia\u0142u tych Inwestor\u00f3w w p<span class=\"_ _3\"></span>owo\u0142ywaniu kluczowego person<span class=\"_ _3\"></span>elu kierownicz<span class=\"_ _3\"></span>ego lub cz\u0142onk\u00f3w rady nadz<span class=\"_ _3\"></span>orczej.<span class=\"_ _192\"> </span>Wycena w warto\u015bci godziwej Warto\u015b\u0107 <span class=\"_ _55\"> </span>godziwa <span class=\"_ _55\"> </span>stanowi <span class=\"_ _55\"> </span>ce<span class=\"_ _2\"></span>n\u0119, <span class=\"_ _54\"> </span>kt\u00f3<span class=\"_ _2\"></span>r\u0105 <span class=\"_ _55\"> </span>otrzymano <span class=\"_ _55\"> </span>by <span class=\"_ _55\"> </span>ze sprzeda\u017cy <span class=\"_ _63\"> </span>sk\u0142adnika <span class=\"_ _63\"> </span>aktyw\u00f3w <span class=\"_ _63\"> </span>lub <span class=\"_ _63\"> </span>zap\u0142acono <span class=\"_ _63\"> </span>by <span class=\"_ _63\"> </span>za przeniesienie <span class=\"_ _2\"></span>zobowi\u0105zania <span class=\"_ _2\"></span>w transakcji <span class=\"_ _53\"></span>mi\u0119dzy <span class=\"_ _2\"></span>uczestnikami rynku <span class=\"_ _59\"> </span>przeprowadzonej <span class=\"_ _59\"> </span>na <span class=\"_ _5a\"> </span>zw<span class=\"_ _3\"></span>yk\u0142ych <span class=\"_ _5a\"> </span>warunkach <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 wyceny. <span class=\"_ _1\"> </span>Dla <span class=\"_ _0\"> </span>ce<span class=\"_ _2\"></span>l\u00f3w <span class=\"_ _0\"> </span>sprawozdawczo\u015bci <span class=\"_ _1\"> </span>finansowej <span class=\"_ _0\"></span>stosuje <span class=\"_ _1\"> </span>si\u0119 hierarchi\u0119 <span class=\"_ _54\"> </span>ustalania <span class=\"_ _54\"> </span>warto\u015bci <span class=\"_ _54\"> </span>godziwej, <span class=\"_ _54\"> </span>opart\u0105 <span class=\"_ _55\"> </span>na <span class=\"_ _54\"> </span>trzech poziomach pozyskan<span class=\"_ _3\"></span>ia informacji w<span class=\"_ _3\"></span>ej\u015bciowych: Poziom 1 Warto\u015b\u0107 <span class=\"_ _3\"></span>oparta na danych wej\u015bci<span class=\"_ _3\"></span>owych pochodz\u0105cych z <span class=\"_ _3\"></span>aktywnego rynku,<span class=\"_ _3\"></span> kt\u00f3re s\u0105  traktowane jak<span class=\"_ _3\"></span>o \u017ar\u00f3d\u0142o najbardziej wiar<span class=\"_ _3\"></span>ygodnych danych.  Poziom 2 Warto\u015b\u0107 <span class=\"_ _3\"></span>oparta na danych wej\u015bci<span class=\"_ _3\"></span>owych innych ni\u017c pochodz\u0105ce z <span class=\"_ _3\"></span>aktywnego rynku, kt\u00f3r<span class=\"_ _3\"></span>e jednak s\u0105 obserwowalne (obi<span class=\"_ _3\"></span>ektywne, mierzalne). <span class=\"_ _3\"></span> Poziom 3 Warto\u015b\u0107 <span class=\"_ _3\"></span>oparta na danych o charak<span class=\"_ _3\"></span>terze nieobserwowalnym,<span class=\"_ _3\"></span> stosowanych w <span class=\"_ _3\"></span>zakresie , w jakim odpowiedn<span class=\"_ _3\"></span>ie  obserwowalne da<span class=\"_ _3\"></span>ne wej\u015bciowe s\u0105 nied<span class=\"_ _3\"></span>ost\u0119pne. Nieobserw<span class=\"_ _3\"></span>owalne dane wej\u015bciowe odzwierci<span class=\"_ _3\"></span>edlaj\u0105 za\u0142o\u017cenia, <span class=\"_ _3\"></span>kt\u00f3re przyj\u0119liby uczestnic<span class=\"_ _3\"></span>y rynku na potrz<span class=\"_ _3\"></span>eby kalkulacji ceny sk\u0142adnika akty<span class=\"_ _3\"></span>w\u00f3w lub zobowi\u0105zania<span class=\"_ _3\"></span>, w tym za\u0142o\u017cenia dotycz\u0105c<span class=\"_ _3\"></span>e ryzyka. Przeniesienie <span class=\"_ _24\"> </span>mi\u0119dzy <span class=\"_ _37\"> </span>poziomami <span class=\"_ _24\"> </span>hierarchii <span class=\"_ _37\"> </span>warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142 <span class=\"_ _64\"> </span>pochodzenia <span class=\"_ _64\"> </span>danych <span class=\"_ _5d\"> </span>wej\u015bc<span class=\"_ _2\"></span>iowych <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>potrz<span class=\"_ _3\"></span>eby wyceny warto\u015bci g<span class=\"_ _3\"></span>odziwej, takich jak<span class=\"_ _3\"></span>: \u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">aktywny rynek, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">brak <span class=\"_ _64\"> </span>aktywnego <span class=\"_ _64\"> </span>rynku, <span class=\"_ _5d\"> </span>jednak <span class=\"_ _64\"> </span>dane <span class=\"_ _5d\"> </span>o<span class=\"_ _2\"></span>bserwowaln<span class=\"_ _3\"></span>e </span></span>na rynku, \u2022<span class=\"ff8\"> <span class=\"_ _0\"></span><span class=\"ff2\">subiektywne dane wej\u015bciow<span class=\"_ _3\"></span>e. </span></span>Uznaje <span class=\"_ _1\"> </span>si\u0119, <span class=\"_ _58\"> </span>\u017c<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>przeniesienia <span class=\"_ _1\"> </span>pomi\u0119dzy <span class=\"_ _1\"> </span>poziomami <span class=\"_ _1\"> </span>hierarchii warto\u015bci <span class=\"_ _65\"> </span>godziwej <span class=\"_ _65\"> </span>maj\u0105 <span class=\"_ _65\"> </span>miejsce <span class=\"_ _65\"> </span>na <span class=\"_ _65\"> </span>koniec <span class=\"_ _65\"> </span>okresu sprawozdawczeg<span class=\"_ _3\"></span>o.<span class=\"_ _192\"> </span>Warto\u015b\u0107 <span class=\"_ _66\"> </span>godziwa <span class=\"_ _66\"> </span>przedst<span class=\"_ _3\"></span>awia obecne <span class=\"_ _5a\"> </span>szacunk<span class=\"_ _3\"></span>i, <span class=\"_ _59\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _59\"> </span>mog\u0105 <span class=\"_ _59\"> </span>ulec zmianie <span class=\"_ _5f\"> </span>w <span class=\"_ _5f\"> </span>k<span class=\"_ _3\"></span>olejnych <span class=\"_ _5f\"> </span>okresach sprawozdawczych z tytu\u0142u warunk\u00f3w<span class=\"_ _3\"></span> rynkowych <span class=\"_ _67\"> </span>lub <span class=\"_ _67\"> </span>innych <span class=\"_ _67\"> </span>czynnik\u00f3w.<span class=\"_ _3\"></span> Istnieje <span class=\"_ _5f\"> </span>wiele <span class=\"_ _5f\"> </span>m<span class=\"_ _3\"></span>etod <span class=\"_ _5f\"> </span>ustalania<span class=\"_ _3\"></span> warto\u015bci <span class=\"_ _24\"> </span>godziwej, <span class=\"_ _24\"> </span>kt\u00f3re <span class=\"_ _24\"> </span>mo<span class=\"_ _2\"></span>g\u0105 powodowa\u0107 <span class=\"_ _59\"> </span>r\u00f3\u017cnice <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>warto\u015bciach godziwych. <span class=\"_ _56\"> </span>Co <span class=\"_ _5b\"> </span>wi\u0119cej, <span class=\"_ _56\"> </span>za\u0142o\u017cenia b\u0119d\u0105ce <span class=\"_ _0\"></span>podstaw\u0105 <span class=\"_ _0\"></span>ustalenia <span class=\"_ _53\"></span>warto\u015bci godziwej <span class=\"_ _38\"> </span>mog\u0105 <span class=\"_ _38\"> </span>wymaga\u0107 oszacowania <span class=\"_ _24\"> </span>zmian <span class=\"_ _37\"> </span>koszt\u00f3w/cen w czasie, <span class=\"_ _5b\"> </span>sto<span class=\"_ _2\"></span>py <span class=\"_ _5b\"> </span>dyskonta, <span class=\"_ _63\"> </span>stopy inflacji <span class=\"_ _51\"> </span>czy <span class=\"_ _51\"> </span>inn<span class=\"_ _3\"></span>ych <span class=\"_ _51\"> </span>istotnych<span class=\"_ _3\"></span> zmiennych. Pewne <span class=\"_ _51\"> </span>za\u0142o\u017cenia <span class=\"_ _51\"> </span>i <span class=\"_ _51\"> </span>szacunki s\u0105 konieczne <span class=\"_ _68\"> </span>dla <span class=\"_ _68\"> </span>ustalenia, do kt\u00f3rego <span class=\"_ _51\"> </span>poziomu <span class=\"_ _51\"> </span>hiera<span class=\"_ _3\"></span>rchii warto\u015bci <span class=\"_ _57\"> </span>godziwej <span class=\"_ _59\"> </span>dany <span class=\"_ _57\"> </span>instrument powinien zosta\u0107 za<span class=\"_ _3\"></span>kwalifikowany.<span class=\"_ _192\"> </span>Sprawozdania jednostek  o walucie funkcjonalnej  innej ni\u017c PLN Dla <span class=\"_ _5e\"> </span>cel\u00f3w <span class=\"_ _5e\"> </span>sporz\u0105dzenia <span class=\"_ _55\"> </span>skonsolidowanego <span class=\"_ _5e\"> </span>sprawozdania<span class=\"_ _3\"></span> finansowego <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>walucie <span class=\"_ _53\"></span>prezentacji <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _0\"></span>KGH<span class=\"_ _3\"></span>M Polska <span class=\"_ _69\"> </span>Mied\u017a <span class=\"_ _69\"> </span>S.A. <span class=\"_ _69\"> </span>tj. <span class=\"_ _69\"> </span>w <span class=\"_ _67\"> </span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _69\"> </span>dokonuje <span class=\"_ _67\"> </span>si\u0119 <span class=\"_ _5d\"> </span>przeli<span class=\"_ _3\"></span>cze\u0144 poszczeg\u00f3lnych  pozycji <span class=\"_ _57\"> </span>sprawozda<span class=\"_ _3\"></span>\u0144 <span class=\"_ _57\"> </span>finansowych  je<span class=\"_ _2\"></span>dnostek<span class=\"_ _3\"></span> zagranicznych, dla <span class=\"_ _3\"></span>kt\u00f3rych walut\u0105 funkcjonal<span class=\"_ _3\"></span>n\u0105 jest waluta inna ni\u017c PLN, w <span class=\"_ _3\"></span>nast\u0119puj\u0105cy spos\u00f3b:<span class=\"_ _3\"></span> (i)<span class=\"ff8\"> <span class=\"_ _56\"> </span></span>pozycje  aktyw\u00f3w  i <span class=\"_ _58\"> </span>zobowi\u0105za\u0144 <span class=\"_ _58\"> </span>-  po  kursie <span class=\"_ _58\"> </span>zamkni\u0119cia, tj. po  kursie  \u015brednim  ob<span class=\"_ _3\"></span>owi\u0105zuj\u0105cym  na  koniec  okr<span class=\"_ _3\"></span>esu sprawozdawczeg<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>og\u0142oszonym <span class=\"_ _59\"> </span>dla <span class=\"_ _57\"> </span>danej <span class=\"_ _59\"> </span>waluty <span class=\"_ _59\"> </span>przez<span class=\"_ _3\"></span> NBP, (ii)<span class=\"ff8\"> <span class=\"_ _67\"> </span></span>pozycje <span class=\"_ _35\"> </span>sprawozdania <span class=\"_ _6a\"> </span>z <span class=\"_ _6a\"> </span>wyniku, <span class=\"_ _35\"> </span>sprawozdania z ca\u0142kowitych <span class=\"_ _54\"> </span>dochod\u00f3w, <span class=\"_ _54\"> </span>sprawozdania <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>przep\u0142yw\u00f3w pieni\u0119\u017cnych <span class=\"_ _6b\"> </span>- <span class=\"_ _6b\"> </span>po <span class=\"_ _6b\"> </span>kursie <span class=\"_ _6b\"> </span>stanowi\u0105cym <span class=\"_ _6b\"> </span>\u015bredni\u0105<span class=\"_ _3\"></span> arytmetyczn\u0105 kurs<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5e\"> </span>\u015brednich <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>g\u0142aszanych <span class=\"_ _55\"> </span>dla <span class=\"_ _5e\"> </span>danej waluty <span class=\"_ _59\"> </span>przez <span class=\"_ _59\"> </span>NBP <span class=\"_ _57\"> </span>na<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>ostatni <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>ka\u017cdego <span class=\"_ _59\"> </span>miesi\u0105ca<span class=\"_ _3\"></span> danego <span class=\"_ _6c\"> </span>okresu <span class=\"_ _6c\"> </span>sprawozdaw<span class=\"_ _3\"></span>czego. <span class=\"_ _6c\"> </span>W <span class=\"_ _6c\"> </span>przypadku znacznych waha\u0144 <span class=\"_ _67\"> </span>kursu <span class=\"_ _69\"> </span>wymiany <span class=\"_ _69\"> </span>w <span class=\"_ _69\"> </span>danym <span class=\"_ _67\"> </span>o<span class=\"_ _2\"></span>kresie przychody <span class=\"_ _6d\"> </span>i <span class=\"_ _6d\"> </span>koszty <span class=\"_ _6d\"> </span>sprawozdania <span class=\"_ _6d\"> </span>z <span class=\"_ _6d\"> </span>wyniku i sprawozdania <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>ca\u0142kowitych <span class=\"_ _54\"> </span>dochod<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _54\"> </span>przelicza <span class=\"_ _54\"> </span>si\u0119 po kursach z dnia<span class=\"_ _3\"></span> transakcji, R\u00f3\u017cnice <span class=\"_ _64\"> </span>kursowe <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>przeliczenia <span class=\"_ _64\"> </span>sprawozda\u0144 <span class=\"_ _64\"> </span>jednostek<span class=\"_ _3\"></span>  o walucie <span class=\"_ _37\"> </span>funkcjonalnej <span class=\"_ _37\"> </span>innej <span class=\"_ _6c\"> </span>ni\u017c <span class=\"_ _37\"> </span>PLN<span class=\"_ _2\"></span> <span class=\"_ _37\"> </span>ujmuje <span class=\"_ _6c\"> </span>si\u0119 w pozosta\u0142ych ca<span class=\"_ _3\"></span>\u0142kowitych dochodach da<span class=\"_ _3\"></span>nego okresu. Skonsolidowane <span class=\"_ _6e\"> </span>sprawozdanie<span class=\"_ _3\"></span> finansowe <span class=\"_ _2\"></span>prezentowane <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>w PLN, kt\u00f3ry <span class=\"_ _6b\"> </span>stanowi <span class=\"_ _6b\"> </span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c <span class=\"_ _6b\"> </span>walut\u0119 funkcjonaln\u0105  Jednostki <span class=\"_ _57\"> </span>Dominu<span class=\"_ _3\"></span>j\u0105cej i jednostek <span class=\"_ _6f\"> </span>zale\u017cnych <span class=\"_ _6f\"> </span>Grupy<span class=\"_ _3\"></span> Kapita\u0142owej za <span class=\"_ _3\"></span>wyj\u0105tkiem: Jednostki <span class=\"_ _2\"></span>zale\u017cnej <span class=\"_ _53\"></span>Future <span class=\"_ _2\"></span>1 <span class=\"_ _53\"></span>Sp. <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>o.o. oraz <span class=\"_ _69\"> </span>jednostek <span class=\"_ _67\"> </span>grupy <span class=\"_ _69\"> </span>kapita\u0142owej ni\u017cszego <span class=\"_ _70\"> </span>szczebla <span class=\"_ _70\"> </span>KGHM INTERNATIONAL <span class=\"_ _55\"> </span>LTD., <span class=\"_ _55\"> </span>dla <span class=\"_ _5e\"> </span>kt\u00f3rych  walut\u0119 funkcjonaln\u0105 stanowi g<span class=\"_ _2\"></span>\u0142\u00f3wnie dolar ameryka\u0144ski (<span class=\"_ _3\"></span>USD). Saldo r\u00f3\u017cnic kursow<span class=\"_ _3\"></span>ych  z przeliczenia sprawozda\u0144<span class=\"_ _3\"></span> powy\u017cszych jedno<span class=\"_ _3\"></span>stek wynios\u0142o: w 2022 <span class=\"_ _3\"></span>r. \u2013 2 554 mln PLN, w 2021 <span class=\"_ _3\"></span>r. \u2013 2 619 mln PLN (patrz Nota 8.2.2 Z<span class=\"_ _3\"></span>miany pozosta\u0142ych kapita\u0142\u00f3w)<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span>Transakcje w walucie obcej <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>wycena pozycji wyra\u017conych w walutach obcych Transakcje <span class=\"_ _5d\"> </span>wyra\u017cone <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>walutach <span class=\"_ _5d\"> </span>obcych <span class=\"_ _5d\"> </span>przelicza <span class=\"_ _5d\"> </span>si\u0119 na moment pocz\u0105<span class=\"_ _3\"></span>tkowego uj\u0119cia n<span class=\"_ _3\"></span>a walut\u0119 funkcjonaln\u0105: \u2022<span class=\"ff8\"> <span class=\"_ _71\"> </span><span class=\"ff2\">po <span class=\"_ _53\"></span>kursie <span class=\"_ _53\"></span>faktycznie <span class=\"_ _53\"></span>zastosowan<span class=\"_ _3\"></span>ym, <span class=\"_ _53\"></span>tj. <span class=\"_ _53\"></span>po <span class=\"_ _53\"></span>kursie <span class=\"_ _53\"></span>kupna </span></span>lub <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>walut <span class=\"_ _53\"></span>stosowanym <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>bank, <span class=\"_ _53\"></span>w kt\u00f3rym nast\u0119puje  transakcja,  w przypa<span class=\"_ _3\"></span>dku  o<span class=\"_ _2\"></span>peracji  sprzeda\u017cy<span class=\"_ _3\"></span> lub <span class=\"_ _67\"> </span>kupna <span class=\"_ _69\"> </span>walut <span class=\"_ _67\"> </span>oraz <span class=\"_ _67\"> </span>operacji <span class=\"_ _67\"> </span>zap\u0142aty <span class=\"_ _69\"> </span>nale\u017cno\u015bci<span class=\"_ _3\"></span> lub zobowi\u0105za\u0144,<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _71\"> </span><span class=\"ff2\">po <span class=\"_ _64\"> </span>\u015brednim <span class=\"_ _64\"> </span>kursie <span class=\"_ _64\"> </span>ustalonym <span class=\"_ _64\"> </span>dla <span class=\"_ _5d\"> </span>danej<span class=\"_ _2\"></span> <span class=\"_ _64\"> </span>waluty, </span></span>obowi\u0105zuj\u0105cym <span class=\"_ _62\"> </span>na <span class=\"_ _62\"> </span>dzie\u0144 <span class=\"_ _62\"> </span>zawarcia <span class=\"_ _62\"> </span>transakcji <span class=\"_ _62\"> </span>dla pozosta\u0142ych transak<span class=\"_ _3\"></span>cji.  Na <span class=\"_ _62\"> </span>ko<span class=\"_ _2\"></span>niec <span class=\"_ _62\"> </span>ka\u017cdego <span class=\"_ _62\"> </span>o<span class=\"_ _2\"></span>kresu <span class=\"_ _62\"> </span>sprawozdawczego <span class=\"_ _62\"> </span>pozycje pieni\u0119\u017cne <span class=\"_ _5e\"> </span>wyra\u017cone <span class=\"_ _5e\"> </span>w <span class=\"_ _5e\"> </span>walucie <span class=\"_ _67\"> </span>obcej <span class=\"_ _55\"> </span>przelicza <span class=\"_ _67\"> </span>si<span class=\"_ _3\"></span>\u0119 <span class=\"_ _67\"> </span>prz<span class=\"_ _3\"></span>y zastosowaniu ob<span class=\"_ _3\"></span>owi\u0105zuj\u0105cego w <span class=\"_ _3\"></span>tym dniu kursu zamk<span class=\"_ _3\"></span>ni\u0119cia. Zyski <span class=\"_ _58\"> </span>i <span class=\"_ _1\"> </span>straty <span class=\"_ _58\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _58\"> </span>r\u00f3\u017cnic <span class=\"_ _1\"> </span>kursowych <span class=\"_ _58\"> </span>powsta\u0142e <span class=\"_ _1\"> </span>w <span class=\"_ _58\"> </span>wyniku rozliczenia <span class=\"_ _2\"></span>transakcji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>walucie <span class=\"_ _53\"></span>obcej <span class=\"_ _2\"></span>oraz wyceny <span class=\"_ _2\"></span>bilansowej aktyw\u00f3w <span class=\"_ _58\"> </span>i  z<span class=\"_ _3\"></span>obowi\u0105za\u0144  pien<span class=\"_ _3\"></span>i\u0119\u017cnych <span class=\"_ _58\"> </span>(innych <span class=\"_ _58\"> </span>ni\u017c <span class=\"_ _58\"> </span>instrument<span class=\"_ _3\"></span>y pochodne) <span class=\"_ _35\"> </span>wyra\u017conych <span class=\"_ _60\"> </span>w <span class=\"_ _3\"></span>walutach <span class=\"_ _60\"> </span>obcych <span class=\"_ _35\"> </span>ujmuje si\u0119 w wyniku finanso<span class=\"_ _3\"></span>wym. Zyski <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>raty <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _2\"></span>zmiany <span class=\"_ _53\"></span>kurs\u00f3w <span class=\"_ _53\"></span>walut <span class=\"_ _2\"></span>dotycz\u0105ce <span class=\"_ _53\"></span>wyceny bilansowej <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>wyra\u017conych <span class=\"_ _53\"></span>w walucie obcej <span class=\"_ _5d\"> </span>ujmuje <span class=\"_ _5d\"> </span>si\u0119 <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>wyniku <span class=\"_ _69\"> </span>finansowym <span class=\"_ _5d\"> </span>jako <span class=\"_ _5d\"> </span>wycena do warto\u015bci <span class=\"_ _59\"> </span>godziwej, <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>ile <span class=\"_ _5a\"> </span>nie <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>elementem <span class=\"_ _59\"> </span>efektywnej cz\u0119\u015bci <span class=\"_ _53\"></span>zmiany <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _53\"></span>zabezpieczaj\u0105cych<span class=\"_ _3\"></span> przep\u0142ywy <span class=\"_ _58\"> </span>pieni<span class=\"_ _3\"></span>\u0119\u017cne. <span class=\"_ _58\"> </span>W takim <span class=\"_ _1\"> </span>przypadku <span class=\"_ _58\"> </span>s\u0105 <span class=\"_ _1\"> </span>one  u<span class=\"_ _3\"></span>jmowane w pozosta\u0142ych <span class=\"_ _57\"> </span>ca\u0142k<span class=\"_ _3\"></span>owitych <span class=\"_ _57\"> </span>dochodach, <span class=\"_ _57\"> </span>zgodni<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>zasadami rachunkowo\u015bci zab<span class=\"_ _3\"></span>ezpiecze\u0144. Zyski <span class=\"_ _57\"> </span>i <span class=\"_ _59\"> </span>stra<span class=\"_ _3\"></span>ty <span class=\"_ _59\"> </span>z  t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _57\"> </span>zmiany <span class=\"_ _57\"> </span>kurs\u00f3w <span class=\"_ _57\"> </span>walut <span class=\"_ _57\"> </span>powsta\u0142e <span class=\"_ _57\"> </span>na pozycjach <span class=\"_ _2\"></span>niepieni\u0119\u017cnych, <span class=\"_ _53\"></span>takich <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>instrumenty <span class=\"_ _53\"></span>kapita\u0142owe zaklasyfikowane <span class=\"_ _69\"> </span>do <span class=\"_ _69\"> </span>aktyw\u00f3w <span class=\"_ _5d\"> </span>finansowyc<span class=\"_ _3\"></span>h <span class=\"_ _5d\"> </span>wycenian<span class=\"_ _3\"></span>ych w warto\u015bci <span class=\"_ _54\"> </span>godziwej <span class=\"_ _54\"> </span>przez <span class=\"_ _5a\"> </span>pozosta\u0142e <span class=\"_ _54\"> </span>ca\u0142kowite <span class=\"_ _54\"> </span>dochody, ujmuje <span class=\"_ _56\"> </span>si\u0119 <span class=\"_ _61\"> </span>w <span class=\"_ _56\"> </span>pozosta\u0142ych <span class=\"_ _61\"> </span>ca\u0142kowitych <span class=\"_ _56\"> </span>dochodach <span class=\"_ _61\"> </span>i prezentuje w rama<span class=\"_ _3\"></span>ch wyceny do <span class=\"_ _3\"></span>warto\u015bci godziwej. Zyski <span class=\"_ _5e\"> </span>i <span class=\"_ _5e\"> </span>straty <span class=\"_ _5e\"> </span>z <span class=\"_ _5e\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _5e\"> </span>zmiany <span class=\"_ _55\"> </span>kurs\u00f3w <span class=\"_ _67\"> </span>walut <span class=\"_ _55\"> </span>powsta\u0142e na pozycjach <span class=\"_ _0\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>wycenianych <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _0\"></span>godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci <span class=\"_ _67\"> </span>godziwej) <span class=\"_ _69\"> </span>ujmuje <span class=\"_ _67\"> </span>si\u0119 <span class=\"_ _69\"> </span>jako <span class=\"_ _67\"> </span>e<span class=\"_ _2\"></span>lement <span class=\"_ _67\"> </span>wyceny w warto\u015bci godziwej<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>Od <span class=\"_ _57\"> </span>dnia <span class=\"_ _57\"> </span>1 <span class=\"_ _59\"> </span>stycznia <span class=\"_ _57\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _57\"> </span>w<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>Grupie <span class=\"_ _59\"> </span>Kapita\u0142owej <span class=\"_ _57\"> </span>KGHM<span class=\"_ _3\"></span> Polska <span class=\"_ _5a\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _5a\"> </span>S.A. <span class=\"_ _54\"> </span>zosta\u0142a <span class=\"_ _5a\"> </span>wdro\u017cona <span class=\"_ _5a\"> </span>zmiana <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>zakresie kurs\u00f3w <span class=\"_ _54\"> </span>wym<span class=\"_ _3\"></span>iany <span class=\"_ _54\"> </span>walut <span class=\"_ _5a\"> </span>obcych <span class=\"_ _5a\"> </span>stosowanych <span class=\"_ _54\"> </span>do <span class=\"_ _5a\"> </span>wyceny operacji  sprzeda\u017cy <span class=\"_ _57\"> </span>lub <span class=\"_ _57\"> </span>kupna<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>walut  o<span class=\"_ _2\"></span>raz  operacji <span class=\"_ _57\"> </span>zap\u0142aty<span class=\"_ _3\"></span> nale\u017cno\u015bci <span class=\"_ _5e\"> </span>i <span class=\"_ _67\"> </span>zob<span class=\"_ _3\"></span>owi\u0105za\u0144 <span class=\"_ _5e\"> </span>(w <span class=\"_ _67\"> </span>tym <span class=\"_ _5e\"> </span>do <span class=\"_ _5e\"> </span>wyceny <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>ransakcji<span class=\"_ _3\"></span> otrzymania, <span class=\"_ _55\"> </span>udzielenia <span class=\"_ _55\"> </span>oraz <span class=\"_ _5e\"> </span>sp\u0142aty <span class=\"_ _55\"> </span>kredyt\u00f3w <span class=\"_ _5e\"> </span>i po\u017cyczek)<span class=\"_ _3\"></span> na walutowych <span class=\"_ _72\"> </span>rachunkach<span class=\"_ _3\"></span> <span class=\"_ _72\"> </span>bankowych <span class=\"_ _73\"> </span>Grupy. Do przeliczania <span class=\"_ _54\"> </span>takich <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>walut\u0119 <span class=\"_ _54\"> </span>funkcjonaln\u0105 stosuje <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _5a\"> </span>kurs <span class=\"_ _5a\"> </span>\u015bredni <span class=\"_ _5a\"> </span>obowi\u0105zuj\u0105cy <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>zawarcia<span class=\"_ _3\"></span> transakcji, <span class=\"_ _1\"> </span>gdzie <span class=\"_ _1\"> </span>kursem <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bowi\u0105z<span class=\"_ _3\"></span>uj\u0105cym <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>zawarcia transakcji <span class=\"_ _53\"></span>jest <span class=\"_ _0\"></span>\u015bredni <span class=\"_ _53\"></span>kurs <span class=\"_ _53\"></span>N<span class=\"_ _2\"></span>BP <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>statniego <span class=\"_ _53\"></span>dnia <span class=\"_ _0\"></span>roboczeg<span class=\"_ _3\"></span>o poprzedzaj\u0105cego <span class=\"_ _69\"> </span>dzie\u0144 <span class=\"_ _69\"> </span>transakcji. <span class=\"_ _69\"> </span>Zmiana <span class=\"_ _69\"> </span>stosowanych kurs\u00f3w  w<span class=\"_ _3\"></span>ymiany  wa<span class=\"_ _3\"></span>lut  s<span class=\"_ _3\"></span>tanowi, <span class=\"_ _74\"> </span>zgodnie  z <span class=\"_ _74\"> </span>MSR  8,<span class=\"_ _3\"></span>  zmia<span class=\"_ _3\"></span>n\u0119 warto\u015bci <span class=\"_ _5b\"> </span>szacunkowych, <span class=\"_ _63\"> </span>a <span class=\"_ _5b\"> </span>je<span class=\"_ _2\"></span>j <span class=\"_ _63\"> </span>skutki <span class=\"_ _5b\"> </span>s\u0105 <span class=\"_ _63\"> </span>ujmowane prospektywnie <span class=\"_ _60\"> </span>dla <span class=\"_ _60\"> </span>okres\u00f3<span class=\"_ _3\"></span>w <span class=\"_ _60\"> </span>rozpoczynaj\u0105cych <span class=\"_ _60\"> </span>si\u0119 od 1 stycznia 2022 <span class=\"_ _3\"></span>r. i p\u00f3\u017aniej.<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Grupa <span class=\"_ _57\"> </span>ujmuje <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>ze <span class=\"_ _57\"> </span>sprzeda\u017cy <span class=\"_ _57\"> </span>produkt\u00f3w,  t<span class=\"_ _2\"></span>owar\u00f3w  i <span class=\"_ _57\"> </span>materia\u0142\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>finansowym <span class=\"_ _57\"> </span>jednoraz<span class=\"_ _3\"></span>owo, <span class=\"_ _57\"> </span>w momencie<span class=\"_ _3\"></span> spe\u0142nienia <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia, <span class=\"_ _0\"></span>w szczeg\u00f3l<span class=\"_ _3\"></span>no\u015bci <span class=\"_ _0\"></span>okre\u015blanym <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>oparciu <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>formu\u0142y <span class=\"_ _0\"></span>baz <span class=\"_ _0\"> </span>dostawy <span class=\"_ _1\"> </span>INCOTERM<span class=\"_ _3\"></span>S. W wi\u0119kszo\u015bci <span class=\"_ _53\"></span>kontrakt\u00f3w, <span class=\"_ _53\"></span>moment <span class=\"_ _53\"></span>przeniesienia <span class=\"_ _53\"></span>kontroli <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>klienta <span class=\"_ _0\"></span>nast\u0119<span class=\"_ _3\"></span>puje <span class=\"_ _53\"></span>po <span class=\"_ _0\"></span>dostarcz<span class=\"_ _3\"></span>eniu <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>klienta, <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>co <span class=\"_ _0\"></span>rozum<span class=\"_ _3\"></span>ie si\u0119 <span class=\"_ _53\"></span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c <span class=\"_ _53\"></span>dostarczenie <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _53\"></span>przewo\u017anikowi <span class=\"_ _53\"></span>lub <span class=\"_ _0\"></span>podstawieni<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>ich <span class=\"_ _0\"></span>klientowi <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>wyznaczony <span class=\"_ _53\"></span>zak\u0142ad <span class=\"_ _0\"></span>(bazy <span class=\"_ _53\"></span>DAP, <span class=\"_ _53\"></span>F<span class=\"_ _2\"></span>CA <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>EX <span class=\"_ _53\"></span>WORKS). W pozosta\u0142ych  k<span class=\"_ _3\"></span>ontraktach  przenie<span class=\"_ _3\"></span>sienie  kontroli  n<span class=\"_ _3\"></span>ad  dobrami <span class=\"_ _74\"> </span>na  klienta  nast\u0119puje  w <span class=\"_ _74\"> </span>momencie  przekazania <span class=\"_ _74\"> </span>przewo\u017anikowi<span class=\"_ _3\"></span> morskiemu na <span class=\"_ _2\"></span>pok\u0142ad stat<span class=\"_ _2\"></span>ku (bazy CFR, <span class=\"_ _2\"></span>CIF, C<span class=\"_ _2\"></span>PT oraz CIP). W <span class=\"_ _2\"></span>tych <span class=\"_ _2\"></span>kontraktach <span class=\"_ _2\"></span>Grupa jest <span class=\"_ _2\"></span>zobowi\u0105zana r\u00f3wnie\u017c <span class=\"_ _2\"></span>do zorganizowania  transportu. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>akich <span class=\"_ _2\"></span>przypadkac<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>dzia\u0142a <span class=\"_ _2\"></span>jako <span class=\"_ _2\"></span>zle<span class=\"_ _2\"></span>ceniodaw<span class=\"_ _3\"></span>ca, <span class=\"_ _2\"></span>poniewa\u017c <span class=\"_ _53\"></span>sprawuje ko<span class=\"_ _2\"></span>ntrol\u0119 nad <span class=\"_ _53\"></span>wykonaniem <span class=\"_ _2\"></span>us\u0142ugi <span class=\"_ _2\"></span>przed <span class=\"_ _2\"></span>jej przekazaniem <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>klienta.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Jednocze\u015bnie <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>przypisuj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>cz\u0119\u015b\u0107 <span class=\"_ _0\"></span>ceny <span class=\"_ _0\"></span>transakcyjnej <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>us\u0142ugi <span class=\"_ _0\"></span>transportu <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ujmuje <span class=\"_ _0\"></span>przych\u00f3d <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>tego tytu\u0142u w miar\u0119 up\u0142ywu <span class=\"_ _3\"></span>czasu. Grupa <span class=\"_ _74\"> </span>rozpoznaje <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>miar\u0119  up\u0142<span class=\"_ _3\"></span>ywu  cz<span class=\"_ _3\"></span>asu <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>realizowanych <span class=\"_ _74\"> </span>us\u0142ug <span class=\"_ _74\"> </span>budowy <span class=\"_ _74\"> </span>kopal\u0144 <span class=\"_ _74\"> </span>i  prowadz<span class=\"_ _3\"></span>enia <span class=\"_ _74\"> </span>innych <span class=\"_ _74\"> </span>rob\u00f3t geologicznych. <span class=\"_ _74\"> </span>Grupa  spe\u0142nia  zobowi\u0105zania <span class=\"_ _74\"> </span>w  czasie,  poniewa\u017c<span class=\"_ _3\"></span>  klient  jednocze\u015bni<span class=\"_ _3\"></span>e  otrzymuje<span class=\"_ _3\"></span>  i  czerpie  korzy<span class=\"_ _3\"></span>\u015bci  ekonomiczn<span class=\"_ _3\"></span>e wynikaj\u0105ce <span class=\"_ _5a\"> </span>ze <span class=\"_ _5a\"> </span>\u015bwiadczonej <span class=\"_ _5a\"> </span>us\u0142<span class=\"_ _3\"></span>ugi <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>miar<span class=\"_ _3\"></span>\u0119 <span class=\"_ _5a\"> </span>jej <span class=\"_ _5a\"> </span>wykonywania <span class=\"_ _5a\"> </span>lub <span class=\"_ _5a\"> </span>ze <span class=\"_ _5a\"> </span>wzgl\u0119du <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>wytwarza<span class=\"_ _3\"></span>nie <span class=\"_ _5a\"> </span>sk\u0142adnik\u00f3w, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _5a\"> </span>nie <span class=\"_ _5a\"> </span>maj\u0105 alternatywnego <span class=\"_ _53\"></span>zastosowania <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>jedno<span class=\"_ _2\"></span>cze\u015bnie <span class=\"_ _53\"></span>Grupie <span class=\"_ _53\"></span>przys\u0142uguje <span class=\"_ _53\"></span>egzekwowalne <span class=\"_ _53\"></span>prawo <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>zap\u0142aty. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>pomiaru <span class=\"_ _53\"></span>stopnia zaawansowania <span class=\"_ _0\"></span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>stosuje <span class=\"_ _1\"> </span>metod\u0119 <span class=\"_ _0\"></span>opart\u0105 <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>nak\u0142adach <span class=\"_ _1\"> </span>poniesion<span class=\"_ _3\"></span>ych <span class=\"_ _0\"> </span>przy <span class=\"_ _1\"> </span>spe\u0142nianiu <span class=\"_ _0\"></span>zobowi\u0105zania do wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _53\"></span>na <span class=\"_ _0\"> </span>bazie <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>niesionych <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>szt\u00f3w <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>innych <span class=\"_ _0\"></span>kontrakt\u00f3w <span class=\"_ _0\"></span>metod\u0119 <span class=\"_ _0\"></span>opart\u0105 <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>wynikach, <span class=\"_ _0\"></span>gdzie <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>g\u00f3ry okre\u015blona cena jedn<span class=\"_ _3\"></span>ostkowa jest <span class=\"_ _3\"></span>stosowana do wyceny j<span class=\"_ _3\"></span>ednostki produkcji (np. <span class=\"_ _3\"></span>do wyceny metr\u00f3w<span class=\"_ _3\"></span> wydr\u0105\u017conego chodnika).<span class=\"_ _3\"></span> Kontrakt z Franco N<span class=\"_ _3\"></span>evada Zobowi\u0105zanie do wy<span class=\"_ _3\"></span>konania \u015bwiadczenia Grupa <span class=\"_ _53\"></span>re<span class=\"_ _2\"></span>alizuje <span class=\"_ _53\"></span>umow\u0119 <span class=\"_ _0\"></span>typu <span class=\"_ _53\"></span>streaming <span class=\"_ _0\"></span>arrangement, <span class=\"_ _53\"></span>stanowi\u0105c\u0105 <span class=\"_ _53\"></span>dost\u0119pne <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>rynku <span class=\"_ _53\"></span>\u017ar\u00f3d\u0142o <span class=\"_ _0\"></span>finansowania <span class=\"_ _53\"></span>jednostek <span class=\"_ _0\"></span>dzia<span class=\"_ _3\"></span>\u0142aj\u0105cych w bran\u017cy wydobywcz<span class=\"_ _3\"></span>ej. Umowa <span class=\"_ _54\"> </span>dotyczy <span class=\"_ _5a\"> </span>sprzeda\u017cy <span class=\"_ _5a\"> </span>po\u0142o<span class=\"_ _2\"></span>wy <span class=\"_ _5a\"> </span>produkcji <span class=\"_ _54\"> </span>z\u0142ota, <span class=\"_ _5a\"> </span>platyny <span class=\"_ _54\"> </span>oraz <span class=\"_ _5a\"> </span>palladu <span class=\"_ _54\"> </span>zawartych <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>rudzie <span class=\"_ _54\"> </span>wydobytej <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>okresie <span class=\"_ _54\"> </span>\u017cyc<span class=\"_ _3\"></span>ia nast\u0119puj\u0105cych <span class=\"_ _0\"></span>kopal\u0144: <span class=\"_ _1\"> </span>Morr<span class=\"_ _192\"> </span>ison, <span class=\"_ _0\"></span>McCreedy <span class=\"_ _1\"> </span>West <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>Podolsky <span class=\"_ _0\"></span>wchodz\u0105cych <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>sk\u0142ad <span class=\"_ _1\"> </span>OWSP <span class=\"_ _1\"> </span>Sudbury. <span class=\"_ _0\"></span>Na <span class=\"_ _1\"> </span>podstawie <span class=\"_ _0\"></span>warunk\u00f3w  umowy <span class=\"_ _59\"> </span>Quadra <span class=\"_ _59\"> </span>FNX <span class=\"_ _59\"> </span>Mining <span class=\"_ _59\"> </span>Ltd. <span class=\"_ _59\"> </span>otrzyma\u0142a <span class=\"_ _59\"> </span>przedp\u0142at\u0119 <span class=\"_ _59\"> </span>w wysoko\u015bci <span class=\"_ _59\"> </span>400 <span class=\"_ _59\"> </span>mln <span class=\"_ _59\"> </span>CAD. <span class=\"_ _59\"> </span>Jednocze\u015bnie, <span class=\"_ _59\"> </span>cena <span class=\"_ _59\"> </span>sprzeda\u017cy <span class=\"_ _59\"> </span>za <span class=\"_ _59\"> </span>uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z <span class=\"_ _2\"></span>umow\u0105, stanowi <span class=\"_ _2\"></span>mniejsza z kwot: (a) 400 <span class=\"_ _2\"></span>USD, <span class=\"_ _2\"></span>powi\u0119kszon<span class=\"_ _3\"></span>e o<span class=\"_ _2\"></span> 1% ka\u017cdego roku <span class=\"_ _2\"></span>pocz\u0105wszy od 2011 r., b\u0105d\u017a (<span class=\"_ _2\"></span>b) <span class=\"_ _2\"></span>cena <span class=\"_ _2\"></span>rynkowa z\u0142<span class=\"_ _2\"></span>ota. <span class=\"_ _2\"></span>Otrzymana<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>przedp\u0142ata <span class=\"_ _2\"></span>pokrywa <span class=\"_ _2\"></span>r\u00f3\u017cnic\u0119 <span class=\"_ _2\"></span>pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>sprzedanej <span class=\"_ _2\"></span>rudy, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>jej <span class=\"_ _2\"></span>warto\u015bci\u0105 w sta\u0142<span class=\"_ _2\"></span>ej cenie <span class=\"_ _2\"></span>sprzeda\u017cy. Grupa uj\u0119\u0142<span class=\"_ _2\"></span>a zobowi\u0105zanie z <span class=\"_ _2\"></span>tytu\u0142u umowy <span class=\"_ _2\"></span>w kwo<span class=\"_ _2\"></span>cie zaliczki z tytu\u0142u <span class=\"_ _2\"></span>zobowi\u0105zania jednostki do <span class=\"_ _2\"></span>wykonania \u015bwiadczenia <span class=\"_ _2\"></span>w postaci <span class=\"_ _53\"></span>przekaza<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>lub <span class=\"_ _2\"></span>gotowo\u015bci <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>przekazani<span class=\"_ _3\"></span>a <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _2\"></span>lub <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _53\"></span>w przysz\u0142o\u015bci. <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>zaprzestaje <span class=\"_ _53\"></span>ujmowania <span class=\"_ _2\"></span>tego zobowi\u0105zania <span class=\"_ _0\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>umowy <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _1\"> </span>przych\u00f3d <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>mo<span class=\"_ _2\"></span>mencie, <span class=\"_ _0\"></span>gdy <span class=\"_ _74\"> </span>przenosi <span class=\"_ _1\"> </span>owe <span class=\"_ _1\"> </span>dobra <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>us\u0142ugi <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>klienta, <span class=\"_ _1\"> </span>spe\u0142niaj\u0105c <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ten spos\u00f3b swoje zob<span class=\"_ _3\"></span>owi\u0105zanie do wykonania <span class=\"_ _3\"></span>\u015bwiadczenia.<span class=\"_ _3\"></span> Wynagrodzenie zmien<span class=\"_ _3\"></span>ne W <span class=\"_ _53\"></span>umowie <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _53\"></span>Nevada <span class=\"_ _2\"></span>\u0142\u0105czna <span class=\"_ _2\"></span>cena <span class=\"_ _53\"></span>transakcyjna <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>zmienna <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>zale\u017cy <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>ilo\u015bci <span class=\"_ _2\"></span>sprzedanych <span class=\"_ _2\"></span>surowc\u00f3w, <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>ta <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>kolei <span class=\"_ _53\"></span>zale\u017cy <span class=\"_ _2\"></span>od wydobycia  rudy  w  przy<span class=\"_ _3\"></span>sz\u0142o\u015bci  przez  okre<span class=\"_ _3\"></span>s  \u017cycia  kopalni  (w  tym<span class=\"_ _3\"></span>  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zat<span class=\"_ _3\"></span>em,  je\u017celi  w  kolejnych <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kresach sprawozdawczych <span class=\"_ _0\"> </span>Grupa <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span>kona<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>zmiany <span class=\"_ _1\"> </span>os\u0105du <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>zakresie <span class=\"_ _1\"> </span>planowanego <span class=\"_ _1\"> </span>wydobycia <span class=\"_ _0\"></span>rudy, <span class=\"_ _1\"> </span>a <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ko<span class=\"_ _2\"></span>nsekwencji <span class=\"_ _1\"> </span>ilo\u015bci <span class=\"_ _1\"> </span>sprzedanyc<span class=\"_ _3\"></span>h surowc\u00f3w \u2013 dok<span class=\"_ _3\"></span>ona tak\u017ce aktualizacji ceny <span class=\"_ _3\"></span>transakcyjnej. Kwoty <span class=\"_ _74\"> </span>przypisane <span class=\"_ _74\"> </span>do  spe<span class=\"_ _3\"></span>\u0142nionych <span class=\"_ _74\"> </span>zobowi\u0105za\u0144 <span class=\"_ _74\"> </span>do  w<span class=\"_ _3\"></span>ykonania <span class=\"_ _74\"> </span>\u015bwiadczenia <span class=\"_ _74\"> </span>Grupa  ujm<span class=\"_ _3\"></span>uje <span class=\"_ _74\"> </span>jako <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>lub  jak<span class=\"_ _3\"></span>o  z<span class=\"_ _3\"></span>mniejszenie przychod\u00f3w w okr<span class=\"_ _3\"></span>esie, w kt\u00f3rym cena tra<span class=\"_ _3\"></span>nsakcyjna uleg\u0142a zmia<span class=\"_ _3\"></span>nie. Istotny element finan<span class=\"_ _3\"></span>sowania W <span class=\"_ _53\"></span>kontek\u015bcie <span class=\"_ _0\"></span>umowy <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _0\"></span>Nevada, <span class=\"_ _53\"></span>maj\u0105c <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>uwadze <span class=\"_ _53\"></span>przewidywany <span class=\"_ _53\"></span>okres <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _53\"></span>momentu, <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kt\u00f3rym <span class=\"_ _53\"></span>otrzymano <span class=\"_ _53\"></span>przedp\u0142at\u0119 <span class=\"_ _53\"></span>do momentu, <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>kt\u00f3rym <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>przekazuje <span class=\"_ _74\"> </span>przyrzeczone <span class=\"_ _1\"> </span>dobra <span class=\"_ _74\"> </span>(okres <span class=\"_ _1\"> </span>\u017cycia <span class=\"_ _74\"> </span>kopalni, <span class=\"_ _74\"> </span>tj. <span class=\"_ _74\"> </span>kilkadziesi\u0105t <span class=\"_ _1\"> </span>lat) <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>charakter <span class=\"_ _74\"> </span>tej <span class=\"_ _74\"> </span>umowy uznano, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _1\"> </span>rozk\u0142ad <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>czasie <span class=\"_ _1\"> </span>p\u0142atno\u015bci <span class=\"_ _0\"> </span>daje <span class=\"_ _1\"> </span>Grupie <span class=\"_ _1\"> </span>korzy\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>finansowania <span class=\"_ _1\"> </span>dos<span class=\"_ _3\"></span>tawy <span class=\"_ _1\"> </span>surowc\u00f3w <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>kupuj\u0105ceg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>(Franco Nevada), co skutkuj<span class=\"_ _3\"></span>e tym, \u017ce umowa z<span class=\"_ _3\"></span>awiera istotny elem<span class=\"_ _3\"></span>ent finansowania. Grupa <span class=\"_ _53\"></span>przedst<span class=\"_ _2\"></span>awia <span class=\"_ _53\"></span>skutki <span class=\"_ _0\"></span>finansowania <span class=\"_ _0\"></span>(koszty <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>tytu\u0142<span class=\"_ _2\"></span>u <span class=\"_ _0\"></span>odsetek<span class=\"_ _3\"></span>) <span class=\"_ _0\"></span>oddzielnie <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>przychod\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>um\u00f3w <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>klie<span class=\"_ _2\"></span>ntami <span class=\"_ _0\"></span>w sprawozdan<span class=\"_ _3\"></span>iu z wyniku. <span class=\"_ _1\"> </span>Koszty <span class=\"_ _74\"> </span>z <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>dsetek <span class=\"_ _1\"> </span>ujmowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>tylko <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>takim <span class=\"_ _1\"> </span>zakresie, <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>jakim<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>wcze\u015bniej <span class=\"_ _74\"> </span>uj\u0119to <span class=\"_ _74\"> </span>zobowi\u0105zanie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _1\"> </span>umowy z Franco Nevada.<span class=\"_ _3\"></span> Ustalenie ceny tran<span class=\"_ _3\"></span>sakcyjnej przypisane<span class=\"_ _3\"></span>j do pozosta\u0142ych zo<span class=\"_ _3\"></span>bowi\u0105za\u0144 do wykonania<span class=\"_ _3\"></span> \u015bwiadcze\u0144 W <span class=\"_ _74\"> </span>syt<span class=\"_ _2\"></span>uacji, <span class=\"_ _1\"> </span>kiedy<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>na  dz<span class=\"_ _3\"></span>ie\u0144 <span class=\"_ _74\"> </span>ko\u0144cz\u0105cy <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _74\"> </span>sprawozdawczy <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>pozosta\u0142e <span class=\"_ _58\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>wykonania <span class=\"_ _74\"> </span>\u015bwiadczenia, wymagane  jest  ujawn<span class=\"_ _3\"></span>ienie  ceny <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ransakcyjnej <span class=\"_ _58\"> </span>przypisanej  do <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ych  zobowi\u0105za\u0144 <span class=\"_ _74\"> </span>(MSSF  15.120-122).  Gru<span class=\"_ _3\"></span>pa  stosuje  rozwi\u0105zanie<span class=\"_ _3\"></span> praktyczne <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>ujawnia <span class=\"_ _53\"></span>zobowi\u0105za\u0144 <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>wykonania <span class=\"_ _53\"></span>\u015bwiadcze\u0144 <span class=\"_ _53\"></span>stanowi\u0105cych <span class=\"_ _53\"></span>cz\u0119\u015b\u0107 <span class=\"_ _53\"></span>um\u00f3w, <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _53\"></span>przewidywany <span class=\"_ _53\"></span>pierwotny <span class=\"_ _53\"></span>okre<span class=\"_ _3\"></span>s obowi\u0105zywania wynosi jeden <span class=\"_ _2\"></span>rok lub kr\u00f3cej. <span class=\"_ _2\"></span>Grupa posiada r\u00f3wnie\u017c ko<span class=\"_ _2\"></span>ntrakty d\u0142ugoterminow<span class=\"_ _3\"></span>e, w <span class=\"_ _2\"></span>kt\u00f3rych cena j<span class=\"_ _2\"></span>est oparta g\u0142\u00f3wnie na wynagrodzeniu z<span class=\"_ _3\"></span>miennym, kt\u00f3re<span class=\"_ _3\"></span>go Grupa nie uwzgl\u0119dnia <span class=\"_ _3\"></span>w szacunku <span class=\"_ _3\"></span>ceny transakcyjnej.<span class=\"_ _192\"> </span>Ponadto, <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>(przez <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>p\u00f3\u0142k\u0119 <span class=\"_ _2\"></span>DMC) <span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>alizuje <span class=\"_ _2\"></span>kontrakty <span class=\"_ _2\"></span>d\u0142ugoterminowe <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>budow\u0119 <span class=\"_ _53\"></span>kopal\u0144, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kt<span class=\"_ _2\"></span>\u00f3rych <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach <span class=\"_ _57\"> </span>spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie, <span class=\"_ _57\"> </span>kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. <span class=\"_ _2\"></span>\u0141\u0105czna <span class=\"_ _2\"></span>kwota <span class=\"_ _2\"></span>ceny <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ransakcyjnej <span class=\"_ _2\"></span>przypisanej <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>zobowi\u0105za\u0144 do<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>wykonania <span class=\"_ _2\"></span>\u015bwiadcze\u0144, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>pozosta\u0142y <span class=\"_ _2\"></span>niespe\u0142nione na <span class=\"_ _2\"></span>koniec <span class=\"_ _2\"></span>okresu <span class=\"_ _53\"></span>sprawozdawcz<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>wynios\u0142a <span class=\"_ _2\"></span>899 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>czego <span class=\"_ _53\"></span>kwota 559 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _2\"></span>zostanie <span class=\"_ _2\"></span>zrealizowana <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>roku <span class=\"_ _2\"></span>2023, kwota 149 mln P<span class=\"_ _3\"></span>LN zostanie zrealizowana w <span class=\"_ _3\"></span>2024 r., a kwota 191 m<span class=\"_ _3\"></span>ln PLN zostanie zrealizowana w <span class=\"_ _3\"></span>2025 r. lub p\u00f3\u017aniej. W tych kon<span class=\"_ _3\"></span>traktach nie wyst\u0119puje zmie<span class=\"_ _3\"></span>nny element wynagr<span class=\"_ _3\"></span>odzenia. Zasady rachunkowo\u015bci<span class=\"_ _3\"></span> <span class=\"_ _ed\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Odroczony <span class=\"_ _74\"> </span>podatek <span class=\"_ _1\"> </span>dochodowy <span class=\"_ _1\"> </span>ustala <span class=\"_ _74\"> </span>si\u0119  pr<span class=\"_ _3\"></span>zy <span class=\"_ _74\"> </span>zastosowaniu <span class=\"_ _1\"> </span>stawek<span class=\"_ _192\"> </span>i <span class=\"_ _65\"> </span>pr<span class=\"_ _3\"></span>zepis\u00f3w <span class=\"_ _65\"> </span>p<span class=\"_ _3\"></span>odatkowych, <span class=\"_ _5b\"> </span>kt<span class=\"_ _2\"></span>\u00f3re <span class=\"_ _63\"> </span>wed\u0142ug <span class=\"_ _65\"> </span>prz<span class=\"_ _3\"></span>ewidywa\u0144 <span class=\"_ _63\"> </span>b\u0119d\u0105 obowi\u0105zywa\u0107 <span class=\"_ _54\"> </span>wtedy, <span class=\"_ _54\"> </span>gdy <span class=\"_ _55\"> </span>sk\u0142adnik <span class=\"_ _54\"> </span>aktyw\u00f3w <span class=\"_ _54\"> </span>zostanie <span class=\"_ _54\"> </span>zrealizowany a <span class=\"_ _74\"> </span>zobowi\u0105zanie <span class=\"_ _74\"> </span>rozlicz<span class=\"_ _3\"></span>one, <span class=\"_ _74\"> </span>przyjmuj\u0105c <span class=\"_ _1\"> </span>za <span class=\"_ _74\"> </span>podstaw\u0119 <span class=\"_ _74\"> </span>stawki <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>przepisy podatkowe, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _5a\"> </span>obowi\u0105zywa\u0142<span class=\"_ _3\"></span>y <span class=\"_ _5a\"> </span>prawnie <span class=\"_ _5a\"> </span>lub <span class=\"_ _5a\"> </span>faktycznie <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>koniec okresu sprawozdawcz<span class=\"_ _3\"></span>ego. Zobowi\u0105zania  i <span class=\"_ _74\"> </span>aktywa  z  tytu\u0142u <span class=\"_ _74\"> </span>odroczonego  podatku <span class=\"_ _74\"> </span>dochodowego tworzone <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>r\u00f3\u017cnic <span class=\"_ _1\"> </span>przej\u015bciowych <span class=\"_ _1\"> </span>pomi\u0119dzy <span class=\"_ _0\"> </span>w<span class=\"_ _2\"></span>arto\u015bci\u0105 <span class=\"_ _1\"> </span>podatkow\u0105<span class=\"_ _3\"></span> aktyw\u00f3w <span class=\"_ _57\"> </span>i <span class=\"_ _59\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144, <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>ich <span class=\"_ _57\"> </span>warto\u015bci\u0105 <span class=\"_ _57\"> </span>bilansow\u0105 <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>spra<span class=\"_ _3\"></span>wozdaniu finansowym, <span class=\"_ _63\"> </span>za <span class=\"_ _65\"> </span>wyj\u0105tk<span class=\"_ _3\"></span>iem <span class=\"_ _63\"> </span>r\u00f3\u017cnic <span class=\"_ _65\"> </span>przej\u015bci<span class=\"_ _3\"></span>owych <span class=\"_ _65\"> </span>wyni<span class=\"_ _3\"></span>kaj\u0105cych z <span class=\"_ _64\"> </span>pocz\u0105tkowego <span class=\"_ _64\"> </span>uj\u0119cia <span class=\"_ _64\"> </span>aktywa <span class=\"_ _5d\"> </span>lub <span class=\"_ _64\"> </span>zobowi<span class=\"_ _2\"></span>\u0105zania <span class=\"_ _5d\"> </span>w <span class=\"_ _64\"> </span>t<span class=\"_ _2\"></span>ransakcji niestanowi\u0105cej <span class=\"_ _69\"> </span>po\u0142\u0105czenia <span class=\"_ _67\"> </span>przedsi\u0119wzi\u0119\u0107, <span class=\"_ _67\"> </span>kt\u00f3<span class=\"_ _2\"></span>ra <span class=\"_ _69\"> </span>w <span class=\"_ _67\"> </span>momencie <span class=\"_ _69\"> </span>je<span class=\"_ _2\"></span>j przeprowadzenia, nie wp\u0142ywa na wynik finansowy brutto ani na zysk do opodatkowania (str<span class=\"_ _3\"></span>at\u0119 podatkow\u0105). Aktywa <span class=\"_ _0\"></span>z tytu\u0142u <span class=\"_ _0\"></span>odroczonego <span class=\"_ _0\"></span>podatku <span class=\"_ _0\"></span>dochodowe<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>ujmuje <span class=\"_ _0\"></span>si\u0119, <span class=\"_ _0\"></span>je\u017celi jest <span class=\"_ _5a\"> </span>prawdopod<span class=\"_ _3\"></span>obne, <span class=\"_ _5a\"> </span>\u017ce <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>przysz\u0142o\u015bci <span class=\"_ _59\"> </span>osi<span class=\"_ _2\"></span>\u0105gni\u0119ty <span class=\"_ _59\"> </span>zostanie <span class=\"_ _5a\"> </span>d<span class=\"_ _3\"></span>och\u00f3d do opodatkowania, <span class=\"_ _59\"> </span>kt<span class=\"_ _2\"></span>\u00f3ry <span class=\"_ _5a\"> </span>umo\u017cliwi <span class=\"_ _5a\"> </span>potr\u0105cenie <span class=\"_ _5a\"> </span>r\u00f3\u017cnic <span class=\"_ _5a\"> </span>p<span class=\"_ _2\"></span>rzej\u015bciowych<span class=\"_ _3\"></span> lub wykorzystanie strat p<span class=\"_ _3\"></span>odatkowych. Kompensaty <span class=\"_ _57\"> </span>aktyw\u00f3w <span class=\"_ _59\"> </span>i <span class=\"_ _57\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144 <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>podatku <span class=\"_ _57\"> </span>odroczonego dokonuje si\u0119, gdy sp\u00f3\u0142ka posiad<span class=\"_ _3\"></span>a mo\u017cliwy do wyegzekwowania t<span class=\"_ _3\"></span>ytu\u0142 do przeprowadzenia <span class=\"_ _67\"> </span>kompensaty <span class=\"_ _67\"> </span>nale\u017cno\u015bci<span class=\"_ _2\"></span> <span class=\"_ _67\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _67\"> </span>z<span class=\"_ _2\"></span>obowi\u0105za\u0144 <span class=\"_ _67\"> </span>z <span class=\"_ _69\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u bie\u017c\u0105cego <span class=\"_ _57\"> </span>podatku <span class=\"_ _57\"> </span>dochodowego <span class=\"_ _57\"> </span>oraz, <span class=\"_ _57\"> </span>gdy <span class=\"_ _57\"> </span>aktywa <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>zobowi\u0105zania z <span class=\"_ _5d\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _5d\"> </span>podatku <span class=\"_ _5d\"> </span>odroczonego <span class=\"_ _5d\"> </span>dotycz\u0105 <span class=\"_ _5d\"> </span>podatku <span class=\"_ _5d\"> </span>dochodowego na\u0142o\u017conego przez <span class=\"_ _3\"></span>t\u0119<span class=\"_ _2\"></span> sam\u0105 <span class=\"_ _3\"></span>w\u0142adz\u0119 podatkow\u0105.<span class=\"_ _3\"></span> Ocena <span class=\"_ _69\"> </span>prawdop<span class=\"_ _3\"></span>odobie\u0144stwa <span class=\"_ _67\"> </span>realizacji <span class=\"_ _69\"> </span>aktyw\u00f3w z <span class=\"_ _62\"> </span>tytu\u0142u <span class=\"_ _62\"> </span>odroczonego<span class=\"_ _3\"></span> <span class=\"_ _62\"> </span>podatku <span class=\"_ _62\"> </span>dochodow<span class=\"_ _3\"></span>ego<span class=\"_ _192\"> </span>z  przysz\u0142ymi  zyskami  podatk<span class=\"_ _3\"></span>owymi  opiera  si\u0119  na bud\u017cetach <span class=\"_ _53\"></span>s<span class=\"_ _2\"></span>p\u00f3<span class=\"_ _3\"></span>\u0142e<span class=\"_ _2\"></span>k <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupy <span class=\"_ _0\"></span>Ka<span class=\"_ _3\"></span>pita\u0142owej. <span class=\"_ _0\"></span>Sp\u00f3\u0142ki <span class=\"_ _53\"></span>G<span class=\"_ _2\"></span>rupy<span class=\"_ _3\"></span> Kapita\u0142owej <span class=\"_ _2\"></span>uj\u0119\u0142y <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>ksi\u0119gach rachunkowych <span class=\"_ _2\"></span>aktywa z <span class=\"_ _57\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _57\"> </span>od<span class=\"_ _2\"></span>rocz<span class=\"_ _3\"></span>onego <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>datku <span class=\"_ _57\"> </span>dochodowego <span class=\"_ _57\"> </span>do wysoko\u015bci, <span class=\"_ _37\"> </span>do <span class=\"_ _37\"> </span>kt\u00f3rej <span class=\"_ _6c\"> </span>jest <span class=\"_ _24\"> </span>prawdopodobne, i\u017c osi\u0105gn\u0105 zysk do opodatkowania,<span class=\"_ _3\"></span> kt\u00f3ry po<span class=\"_ _2\"></span>zwoli na potr\u0105cenie ujemn<span class=\"_ _3\"></span>ych r\u00f3\u017cnic przej<span class=\"_ _3\"></span>\u015bciowych. Sp\u00f3\u0142ki <span class=\"_ _56\"> </span>Grupy <span class=\"_ _5b\"> </span>Kapita\u0142owej, <span class=\"_ _56\"> </span>kt\u00f3re <span class=\"_ _56\"> </span>his<span class=\"_ _2\"></span>toryczn<span class=\"_ _3\"></span>ie generowa\u0142y <span class=\"_ _59\"> </span>straty <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>kt\u00f3rych <span class=\"_ _59\"> </span>projekcje <span class=\"_ _59\"> </span>finans<span class=\"_ _3\"></span>owe nie przewiduj\u0105 <span class=\"_ _3\"></span>osi\u0105gni\u0119cia zysku d<span class=\"_ _3\"></span>o opodatkowania umo\u017cliwiaj\u0105cego <span class=\"_ _65\"> </span>potr\u0105cenie <span class=\"_ _65\"> </span>ujemnych <span class=\"_ _65\"> </span>r\u00f3\u017cnic przej\u015bciowych, <span class=\"_ _3\"></span>nie rozpoznaj\u0105 <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>swoich <span class=\"_ _54\"> </span>ksi\u0119gach<span class=\"_ _3\"></span> rachunkowych <span class=\"_ _5b\"> </span>aktyw\u00f3w <span class=\"_ _5b\"> </span>z tytu\u0142u <span class=\"_ _63\"> </span>odroczoneg<span class=\"_ _3\"></span>o podatku dochod<span class=\"_ _3\"></span>owego. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a,  za\u0142o\u017cenia i<span class=\"_ _3\"></span> os\u0105dy Istnienie wsp\u00f3\u0142kontr<span class=\"_ _3\"></span>oli Grupa <span class=\"_ _53\"></span>Kapita\u0142owa <span class=\"_ _2\"></span>kwalifikuje <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>wsp\u00f3lne <span class=\"_ _53\"></span>przedsi\u0119wzi\u0119cie <span class=\"_ _2\"></span>zgodnie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>MSSF <span class=\"_ _53\"></span>11 <span class=\"_ _53\"></span>sp\u00f3\u0142k\u0119 <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>.C.M. <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>siedzib\u0105<span class=\"_ _3\"></span> w Chile, <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>kt\u00f3rej <span class=\"_ _59\"> </span>udzia\u0142 <span class=\"_ _59\"> </span>kapita\u0142owy <span class=\"_ _59\"> </span>KGHM <span class=\"_ _59\"> </span>INTERNATIONAL <span class=\"_ _59\"> </span>LTD. <span class=\"_ _59\"> </span>wynosi <span class=\"_ _59\"> </span>55%. <span class=\"_ _59\"> </span>Kwalifikacji <span class=\"_ _57\"> </span>Sierra <span class=\"_ _59\"> </span>Go<span class=\"_ _2\"></span>rda <span class=\"_ _59\"> </span>S.C.M. do kategorii <span class=\"_ _59\"> </span>wsp\u00f3lnych <span class=\"_ _5a\"> </span>przed<span class=\"_ _3\"></span>si\u0119wzi\u0119\u0107, <span class=\"_ _59\"> </span>mimo <span class=\"_ _5a\"> </span>55% <span class=\"_ _59\"> </span>udzia\u0142u <span class=\"_ _59\"> </span>Grupy <span class=\"_ _5a\"> </span>Kapita\u0142owej, <span class=\"_ _59\"> </span>dokonano <span class=\"_ _5a\"> </span>na <span class=\"_ _59\"> </span>podstawie <span class=\"_ _59\"> </span>analizy warunk\u00f3w <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>rozumie\u0144 <span class=\"_ _53\"></span>pomi\u0119dzy <span class=\"_ _53\"></span>stro<span class=\"_ _2\"></span>nami <span class=\"_ _53\"></span>oraz <span class=\"_ _0\"></span>ustale\u0144 <span class=\"_ _0\"></span>umown<span class=\"_ _3\"></span>ych, <span class=\"_ _0\"></span>kt\u00f3re <span class=\"_ _0\"></span>wskaza\u0142y <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>sprawowanie <span class=\"_ _53\"></span>wsp\u00f3\u0142kontroli. Zgodnie <span class=\"_ _2\"></span>z warunkam<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>porozumie\u0144 <span class=\"_ _2\"></span>wszystkie <span class=\"_ _2\"></span>istotne <span class=\"_ _2\"></span>dzia\u0142ania <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _2\"></span>S.C.M. <span class=\"_ _2\"></span>wymagaj\u0105 <span class=\"_ _2\"></span>jednomy\u015blnej <span class=\"_ _2\"></span>zgody <span class=\"_ _2\"></span>obu w\u0142a\u015bcicieli. <span class=\"_ _59\"> </span>W powo\u0142ywanej <span class=\"_ _59\"> </span>Radzie <span class=\"_ _59\"> </span>w\u0142a\u015bcicieli <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>oraz <span class=\"_ _59\"> </span>pozostali <span class=\"_ _59\"> </span>w\u0142a\u015bciciele <span class=\"_ _59\"> </span>maj\u0105 <span class=\"_ _59\"> </span>po <span class=\"_ _59\"> </span>t<span class=\"_ _2\"></span>rzech <span class=\"_ _59\"> </span>cz\u0142onk\u00f3w. <span class=\"_ _59\"> </span>Rada w\u0142a\u015bcicieli <span class=\"_ _5a\"> </span>podejmuje <span class=\"_ _5a\"> </span>decyzje <span class=\"_ _5a\"> </span>st<span class=\"_ _2\"></span>rategiczne <span class=\"_ _5a\"> </span>i sprawuje <span class=\"_ _5a\"> </span>nadz\u00f3r <span class=\"_ _5a\"> </span>nad <span class=\"_ _5a\"> </span>ich <span class=\"_ _54\"> </span>wykonaniem. <span class=\"_ _5a\"> </span>Zatwierdza <span class=\"_ _5a\"> </span>r\u00f3wnie\u017c <span class=\"_ _5a\"> </span>sk\u0142ad najwy\u017cszej <span class=\"_ _2\"></span>kadry <span class=\"_ _53\"></span>menad\u017cerskiej. <span class=\"_ _2\"></span>W <span class=\"_ _53\"></span>okresie <span class=\"_ _53\"></span>spraw<span class=\"_ _3\"></span>ozdawczym <span class=\"_ _53\"></span>nie <span class=\"_ _2\"></span>uleg\u0142y <span class=\"_ _53\"></span>zmianie <span class=\"_ _2\"></span>postanowienia, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _53\"></span>by\u0142y <span class=\"_ _53\"></span>podstaw\u0105<span class=\"_ _3\"></span> kwalifikacji inwes<span class=\"_ _3\"></span>tycji do kategorii <span class=\"_ _3\"></span>wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107.<span class=\"_ _3\"></span> Zgodnie <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>os\u0105dem <span class=\"_ _2\"></span>Grupy, <span class=\"_ _2\"></span>po\u017cyczki <span class=\"_ _2\"></span>udzielone <span class=\"_ _2\"></span>wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _2\"></span>S.C.M. <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>spe<span class=\"_ _2\"></span>\u0142niaj\u0105 kryte<span class=\"_ _2\"></span>ri\u00f3w uznania  za  inwestycj\u0119  netto  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczek  jest  planowane i prawdopodobne w <span class=\"_ _3\"></span>daj\u0105cej si\u0119 przewidzie\u0107 pr<span class=\"_ _3\"></span>zysz\u0142o\u015bci. Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _a7\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a,  za\u0142o\u017cenia i <span class=\"_ _3\"></span>os\u0105dy Po\u017cyczki <span class=\"_ _6c\"> </span>udzielone <span class=\"_ _37\"> </span>Sierra <span class=\"_ _6c\"> </span>Gorda <span class=\"_ _6c\"> </span>S.C.M. <span class=\"_ _6c\"> </span>zosta\u0142y zakwalifikowane <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>aktyw\u00f3w <span class=\"_ _5a\"> </span>finansowych <span class=\"_ _5a\"> </span>dotkni\u0119tych utrat\u0105 <span class=\"_ _0\"></span>wart<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>wzgl\u0119du <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>wysokie <span class=\"_ _53\"></span>ryzyko <span class=\"_ _0\"></span>kredytowe<span class=\"_ _3\"></span> na  moment  pocz\u0105<span class=\"_ _3\"></span>tkowego  uj\u0119cia <span class=\"_ _74\"> </span>(POCI).  Po\u017cyczki  POCI wyceniane <span class=\"_ _67\"> </span>s\u0105 <span class=\"_ _55\"> </span>we<span class=\"_ _2\"></span>d\u0142ug <span class=\"_ _5e\"> </span>zamortyzowanego <span class=\"_ _5e\"> </span>kosztu <span class=\"_ _67\"> </span>prz<span class=\"_ _3\"></span>y zastosowaniu <span class=\"_ _69\"> </span>metody <span class=\"_ _5d\"> </span>efektywnej <span class=\"_ _69\"> </span>stopy <span class=\"_ _5d\"> </span>procent<span class=\"_ _3\"></span>owej skorygowanej <span class=\"_ _5a\"> </span>o <span class=\"_ _5a\"> </span>ryzyko <span class=\"_ _5a\"> </span>kredytowe <span class=\"_ _5a\"> </span>przy <span class=\"_ _5a\"> </span>wy<span class=\"_ _2\"></span>korzystani<span class=\"_ _3\"></span>u analizy <span class=\"_ _59\"> </span>scenariuszowej <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>dost\u0119pnych <span class=\"_ _59\"> </span>wolnych <span class=\"_ _59\"> </span>\u015brodk\u00f3w pieni\u0119\u017cnych Sierra <span class=\"_ _3\"></span>Gorda S.C.M. Warunki <span class=\"_ _64\"> </span>sp\u0142aty <span class=\"_ _64\"> </span>po\u017cycz<span class=\"_ _3\"></span>ek <span class=\"_ _64\"> </span>udzielonych <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>finans<span class=\"_ _3\"></span>owanie operacji <span class=\"_ _53\"></span>zagranicznych, <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span> tym <span class=\"_ _2\"></span>przewidywane <span class=\"_ _53\"></span>terminy <span class=\"_ _53\"></span>sp\u0142aty, zosta\u0142y <span class=\"_ _67\"> </span>okre\u015blone <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>poszczeg\u00f3lnych <span class=\"_ _67\"> </span>umowach. <span class=\"_ _67\"> </span>Zgodni<span class=\"_ _3\"></span>e z harmonogram<span class=\"_ _3\"></span>em, <span class=\"_ _54\"> </span>kwota <span class=\"_ _54\"> </span>g\u0142\u00f3wna <span class=\"_ _54\"> </span>i ods<span class=\"_ _3\"></span>etki <span class=\"_ _54\"> </span>p\u0142atne <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _54\"> </span>na<span class=\"_ _3\"></span> \u017c\u0105danie, <span class=\"_ _59\"> </span>nie <span class=\"_ _59\"> </span>p\u00f3\u017aniej <span class=\"_ _59\"> </span>jednak <span class=\"_ _59\"> </span>ni\u017c <span class=\"_ _59\"> </span>do 15 grudnia <span class=\"_ _59\"> </span>2024 <span class=\"_ _59\"> </span>r. <span class=\"_ _59\"> </span>Ze wzgl\u0119du na implemen<span class=\"_ _3\"></span>tacj\u0119 MSSF 9,<span class=\"_ _3\"></span> na dzie\u0144 1 stycznia 2018 r. oszacowano <span class=\"_ _2\"></span>oczekiwan\u0105 <span class=\"_ _53\"></span>niezdyskontowan\u0105 <span class=\"_ _2\"></span>strat\u0119 <span class=\"_ _53\"></span>kredytow\u0105<span class=\"_ _3\"></span> na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln <span class=\"_ _57\"> </span>US<span class=\"_ _2\"></span>D <span class=\"_ _57\"> </span>przeliczone  kursem <span class=\"_ _57\"> </span>NBP <span class=\"_ _57\"> </span>USD/PLN <span class=\"_ _57\"> </span>3,48<span class=\"_ _3\"></span>13 z dnia 29 <span class=\"_ _3\"></span>grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez <span class=\"_ _3\"></span>Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od<span class=\"_ _3\"></span> sytuacji  fi<span class=\"_ _2\"></span>nansow<span class=\"_ _3\"></span>ej <span class=\"_ _57\"> </span>tej <span class=\"_ _57\"> </span>sp\u00f3<span class=\"_ _3\"></span>\u0142ki. <span class=\"_ _57\"> </span>W  zwi\u0105zku <span class=\"_ _57\"> </span>z  dobr\u0105 <span class=\"_ _57\"> </span>sytuacj\u0105 finansow\u0105 <span class=\"_ _0\"></span>w 2021<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>mia\u0142y <span class=\"_ _0\"> </span>mie<span class=\"_ _2\"></span>jsce <span class=\"_ _53\"></span>pierwsze <span class=\"_ _0\"> </span>sp\u0142aty <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>\u0142\u0105cznej kwocie <span class=\"_ _5a\"> </span>308 mln <span class=\"_ _5a\"> </span>USD<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>(1 <span class=\"_ _54\"> </span>259 <span class=\"_ _5a\"> </span>mln <span class=\"_ _5a\"> </span>PLN<span class=\"_ _2\"></span>). <span class=\"_ _5a\"> </span>W <span class=\"_ _54\"> </span>roku <span class=\"_ _5a\"> </span>2022 <span class=\"_ _5a\"> </span>r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej <span class=\"_ _57\"> </span>kwocie  193  mln  USD (789  mln <span class=\"_ _57\"> </span>PLN). <span class=\"_ _57\"> </span>Z uwagi  na<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>to,  \u017ce <span class=\"_ _57\"> </span>rozliczenie <span class=\"_ _57\"> </span>po\u017cyczki <span class=\"_ _57\"> </span>jest planowane <span class=\"_ _69\"> </span>i prawdopodobne <span class=\"_ _67\"> </span>w <span class=\"_ _5d\"> </span>daj\u0105cej <span class=\"_ _69\"> </span>si\u0119 <span class=\"_ _69\"> </span>przewidzie\u0107 przysz\u0142o\u015bci, <span class=\"_ _62\"> </span>po\u017cyczka <span class=\"_ _62\"> </span>ta <span class=\"_ _62\"> </span>nie <span class=\"_ _62\"> </span>stanowi <span class=\"_ _62\"> </span>inwestycji <span class=\"_ _62\"> </span>netto w rozumieniu MSR 2<span class=\"_ _3\"></span>1.15.  Grupa <span class=\"_ _53\"></span>przeprowadzi\u0142a <span class=\"_ _53\"></span>wycen\u0119 <span class=\"_ _53\"></span>po\u017cyczki <span class=\"_ _0\"></span>zgodni<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>z wymogam<span class=\"_ _3\"></span>i MSSF <span class=\"_ _65\"> </span>9.5.5.17. <span class=\"_ _65\"> </span>Dla <span class=\"_ _65\"> </span>oszaco<span class=\"_ _3\"></span>wania <span class=\"_ _65\"> </span>oczekiwanych <span class=\"_ _65\"> </span>strat<span class=\"_ _3\"></span> kredytowych <span class=\"_ _67\"> </span>wykorzystano <span class=\"_ _69\"> </span>analiz<span class=\"_ _3\"></span>\u0119 <span class=\"_ _69\"> </span>scenariuszow\u0105 <span class=\"_ _67\"> </span>(MSSF 9.5.5.18) <span class=\"_ _1\"> </span>obejmuj\u0105c\u0105 <span class=\"_ _1\"> </span>za\u0142o\u017cenia <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>odno\u015bnie <span class=\"_ _1\"> </span>sp\u0142<span class=\"_ _2\"></span>acalno\u015bci<span class=\"_ _3\"></span> udzielonej <span class=\"_ _5b\"> </span>po\u017cyczki. <span class=\"_ _5b\"> </span>Analiz\u0119 <span class=\"_ _5b\"> </span>sce<span class=\"_ _2\"></span>nariuszow\u0105 <span class=\"_ _5b\"> </span>oparto <span class=\"_ _5b\"> </span>o przep\u0142ywy <span class=\"_ _55\"> </span>pieni\u0119\u017cne <span class=\"_ _54\"> </span>Sierra <span class=\"_ _55\"> </span>Gorda <span class=\"_ _55\"> </span>S.C.M. <span class=\"_ _55\"> </span>oszacowane <span class=\"_ _54\"> </span>w oparciu <span class=\"_ _5a\"> </span>o <span class=\"_ _5a\"> </span>aktualne <span class=\"_ _5a\"> </span>\u015bcie\u017cki <span class=\"_ _54\"> </span>ry<span class=\"_ _3\"></span>nkowych <span class=\"_ _5a\"> </span>prognoz <span class=\"_ _5a\"> </span>cenowych metali, <span class=\"_ _63\"> </span>kt\u00f3re <span class=\"_ _65\"> </span>nas<span class=\"_ _3\"></span>t\u0119pnie <span class=\"_ _65\"> </span>z<span class=\"_ _3\"></span>osta\u0142y <span class=\"_ _63\"> </span>zdyskontowane <span class=\"_ _63\"> </span>przy zastosowaniu <span class=\"_ _53\"></span>e<span class=\"_ _2\"></span>fektywnej <span class=\"_ _0\"></span>stopy <span class=\"_ _53\"></span>procentowej <span class=\"_ _0\"></span>skorygowanej <span class=\"_ _0\"></span>o ryzyko <span class=\"_ _62\"> </span>kredy<span class=\"_ _3\"></span>towe, <span class=\"_ _62\"> </span>ustalonej <span class=\"_ _64\"> </span>przy <span class=\"_ _62\"> </span>pocz\u0105tkowym <span class=\"_ _62\"> </span>uj<span class=\"_ _3\"></span>\u0119ciu po\u017cyczki zgodnie z<span class=\"_ _3\"></span> MSSF 9.B5.5.45 <span class=\"_ _3\"></span>na poziomie 6,42%. Pozosta\u0142e <span class=\"_ _5d\"> </span>istotne <span class=\"_ _69\"> </span>za\u0142o\u017cenia <span class=\"_ _5d\"> </span>wykorzystan<span class=\"_ _3\"></span>e <span class=\"_ _5d\"> </span>przy <span class=\"_ _5d\"> </span>wycenie<span class=\"_ _3\"></span> po\u017cyczki dotycz\u0105:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">prawdopod<span class=\"_ _3\"></span>obie\u0144stwa realizacji poszcz<span class=\"_ _3\"></span>eg\u00f3lnych </span></span>scenariuszy wyc<span class=\"_ _3\"></span>eny, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">poziomu pr<span class=\"_ _3\"></span>odukcji, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">poziomu koszt<span class=\"_ _3\"></span>\u00f3w, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">poziomu na<span class=\"_ _3\"></span>k\u0142ad\u00f3w inwestycyjny<span class=\"_ _3\"></span>ch, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">finansowania <span class=\"_ _3\"></span>zewn\u0119trznego Sier<span class=\"_ _3\"></span>ra Gorda S.C.M., </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">formy i p<span class=\"_ _3\"></span>oziomu finansowania w<span class=\"_ _3\"></span>\u0142a\u015bcicielskiego Sierra </span></span>Gorda S.C.M., \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">opodatkowania <span class=\"_ _3\"></span>na poziomie Si<span class=\"_ _3\"></span>erra Gorda S.C.M., </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">dystrybucji \u015br<span class=\"_ _3\"></span>odk\u00f3w pieni\u0119\u017cnych<span class=\"_ _3\"></span>.  </span></span>Przysz\u0142a realizacja <span class=\"_ _3\"></span>za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu<span class=\"_ _3\"></span> czynnik\u00f3w <span class=\"_ _0\"></span>makroekon<span class=\"_ _3\"></span>omicznych, <span class=\"_ _0\"></span>operacyjnych, <span class=\"_ _53\"></span>f<span class=\"_ _2\"></span>inansowych<span class=\"_ _3\"></span> oraz <span class=\"_ _0\"></span>uzgodnie\u0144 <span class=\"_ _0\"></span>pomi\u0119dzy <span class=\"_ _0\"></span>partn<span class=\"_ _3\"></span>erami <span class=\"_ _0\"></span>JV <span class=\"_ _0\"></span>(analiza <span class=\"_ _0\"></span>wra\u017cliwo\u015bci<span class=\"_ _3\"></span> warto\u015bci bilans<span class=\"_ _3\"></span>owej po\u017cyczki w Noci<span class=\"_ _3\"></span>e 7.5.2.4).<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"_ _192\"> </span>Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyc<span class=\"_ _2\"></span>eny do warto\u015bci <span class=\"_ _2\"></span>godziwej<span class=\"_ _3\"></span> instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1,<span class=\"_ _2\"></span> w  punkcie  \u201e<span class=\"ff1\"> </span>Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  prz<span class=\"_ _3\"></span>y  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych ka<span class=\"_ _3\"></span>tegorii aktyw\u00f3w <span class=\"_ _3\"></span>finansowych lub zobowi\u0105z<span class=\"_ _3\"></span>a\u0144 finansowych\u201d <span class=\"_ _3\"></span> oraz w tabelach w <span class=\"_ _3\"></span>Nocie 7.2 poni\u017cej.<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"_ _192\"> </span>Warto\u015b\u0107 <span class=\"_ _5a\"> </span>godziw\u0105 <span class=\"_ _54\"> </span>akcji <span class=\"_ _5a\"> </span>nienotowanych <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>udzia\u0142\u00f3w <span class=\"_ _54\"> </span>ustala <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>zastosowaniem <span class=\"_ _5a\"> </span>wyceny maj\u0105tkowej <span class=\"_ _5a\"> </span>wg <span class=\"_ _54\"> </span>metody skorygowanych aktyw\u00f3w netto. Zastosowanie tej metody wynika ze specy<span class=\"_ _2\"></span>fiki aktyw\u00f3w sp\u00f3\u0142ek, kt\u00f3rych udzia\u0142y podlegaj\u0105 wycenie. <span class=\"_ _5a\"> </span>Do <span class=\"_ _5a\"> </span>wyceny <span class=\"_ _5a\"> </span>zosta\u0142y <span class=\"_ _5a\"> </span>wykorzystane <span class=\"_ _5a\"> </span>dane <span class=\"_ _5a\"> </span>wej\u015bciowe<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>inne <span class=\"_ _54\"> </span>ni\u017c <span class=\"_ _59\"> </span>po<span class=\"_ _2\"></span>chodz\u0105ce <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>aktywnego <span class=\"_ _5a\"> </span>rynku, <span class=\"_ _59\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>s\u0105<span class=\"_ _3\"></span> obserwowalne <span class=\"_ _1\"> </span>(np. <span class=\"_ _1\"> </span>ceny <span class=\"_ _74\"> </span>transakcyjne <span class=\"_ _1\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>podobnych <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>b\u0119d\u0105cych <span class=\"_ _1\"> </span>przedmiotem <span class=\"_ _1\"> </span>wyceny, rynkowe stopy procen<span class=\"_ _3\"></span>towe obligacji Skarbu <span class=\"_ _3\"></span>Pa\u0144stwa i lokat terminowych w <span class=\"_ _3\"></span>instytucjach finansowych, <span class=\"_ _3\"></span>stopa dyskontowa wolna od ryzyka <span class=\"_ _3\"></span>publikowana przez E<span class=\"_ _3\"></span>uropejski Urz\u0105d Nadzoru U<span class=\"_ _3\"></span>bezpiecze\u0144 i Pracownicz<span class=\"_ _3\"></span>ych Program\u00f3w E<span class=\"_ _3\"></span>merytalnych). Warto\u015b\u0107 <span class=\"_ _2\"></span>godziw\u0105 <span class=\"_ _2\"></span>akcji <span class=\"_ _53\"></span>notowany<span class=\"_ _3\"></span>ch <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>gie\u0142dzie <span class=\"_ _2\"></span>ustala <span class=\"_ _2\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>kurs <span class=\"_ _2\"></span>zamkni\u0119cia <span class=\"_ _2\"></span>notowa\u0144 <span class=\"_ _2\"></span>akcji <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _2\"></span>ko\u0144cz\u0105cy okres sprawozdawczy<span class=\"_ _3\"></span>. Warto\u015b\u0107 <span class=\"_ _1\"> </span>godziwa <span class=\"_ _74\"> </span>po\u017cyczki <span class=\"_ _74\"> </span>ustalana <span class=\"_ _1\"> </span>jest<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>jako <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>bie\u017c\u0105ca <span class=\"_ _74\"> </span>przysz\u0142ych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119\u017cnych <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem<span class=\"_ _3\"></span> zmiany czynnik<span class=\"_ _3\"></span>\u00f3w ryzyka rynkowego i kr<span class=\"_ _3\"></span>edytowego w trakcie \u017cyci<span class=\"_ _3\"></span>a po\u017cyczki<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span> Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a za\u0142o\u017cenia i<span class=\"_ _3\"></span> os\u0105dy<span class=\"_ _192\"> </span>W <span class=\"_ _65\"> </span>pozycji <span class=\"_ _63\"> </span>inne <span class=\"_ _65\"> </span>instrum<span class=\"_ _3\"></span>enty <span class=\"_ _65\"> </span>finans<span class=\"_ _3\"></span>owe <span class=\"_ _65\"> </span>wycenian<span class=\"_ _3\"></span>e w zamortyzowanym koszcie wykaz<span class=\"_ _3\"></span>uje si\u0119 <span class=\"_ _2\"></span>aktywa finansowe przeznaczone <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>pokrycie <span class=\"_ _64\"> </span>koszt\u00f3w <span class=\"_ _64\"> </span>likwidac<span class=\"_ _3\"></span>ji <span class=\"_ _64\"> </span>kopal\u0144 (zasady <span class=\"_ _55\"> </span>rachunkowo\u015bci <span class=\"_ _55\"> </span>w zakresie <span class=\"_ _5e\"> </span>obowi\u0105zku <span class=\"_ _55\"> </span>likwidacji kopal\u0144 <span class=\"_ _54\"> </span>przedstawiono <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>Nocie <span class=\"_ _54\"> </span>9.4) <span class=\"_ _54\"> </span>oraz <span class=\"_ _54\"> </span>inne <span class=\"_ _54\"> </span>aktywa finansowe nie za<span class=\"_ _3\"></span>klasyfikowane do poz<span class=\"_ _3\"></span>osta\u0142ych pozycji. Aktywa <span class=\"_ _64\"> </span>zaliczone <span class=\"_ _62\"> </span>zgodnie <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>MSSF <span class=\"_ _62\"> </span>9 <span class=\"_ _62\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _62\"> </span>kate<span class=\"_ _3\"></span>gorii \u201ewyceniane <span class=\"_ _62\"> </span>w zamortyzowanym <span class=\"_ _62\"> </span>ko<span class=\"_ _2\"></span>szcie\u201d <span class=\"_ _61\"> </span>ujmuje <span class=\"_ _61\"> </span>si\u0119 pocz\u0105tkowo  w warto\u015bci  godziw<span class=\"_ _3\"></span>ej  skorygowanej  o  koszty transakcyjne, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>m<span class=\"_ _3\"></span>o\u017cna <span class=\"_ _54\"> </span>be<span class=\"_ _3\"></span>zpo\u015brednio <span class=\"_ _54\"> </span>prz<span class=\"_ _3\"></span>ypisa\u0107 <span class=\"_ _5a\"> </span>do nabycia  t<span class=\"_ _2\"></span>ych  aktyw\u00f3w <span class=\"_ _57\"> </span>oraz  wycenia <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144  ko\u0144cz\u0105cy okres <span class=\"_ _57\"> </span>sprawozdawczy <span class=\"_ _57\"> </span>wed\u0142ug <span class=\"_ _59\"> </span>zamortyz<span class=\"_ _3\"></span>owanego <span class=\"_ _57\"> </span>kosztu przy <span class=\"_ _2\"></span>zasto<span class=\"_ _2\"></span>sowaniu<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>metody <span class=\"_ _2\"></span>efektywnej <span class=\"_ _2\"></span>stopy <span class=\"_ _53\"></span>procentowej, z uwzgl\u0119dnieniem u<span class=\"_ _3\"></span>traty warto\u015bci. Analiza <span class=\"_ _74\"> </span>wra\u017cliwo\u015bci <span class=\"_ _74\"> </span>na  ryzyko <span class=\"_ _74\"> </span>zmian <span class=\"_ _74\"> </span>st\u00f3<span class=\"_ _2\"></span>p <span class=\"_ _74\"> </span>procentowych \u015brodk\u00f3w <span class=\"_ _5b\"> </span>pieni\u0119\u017cnych <span class=\"_ _5b\"> </span>zgromadzonych <span class=\"_ _5b\"> </span>na <span class=\"_ _5b\"> </span>rachunku bankowym <span class=\"_ _0\"></span>Funduszu <span class=\"_ _1\"> </span>Likwidacji<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>Zak\u0142adu <span class=\"_ _0\"> </span>G\u00f3rniczego <span class=\"_ _1\"> </span>oraz inwestycji <span class=\"_ _53\"></span>w d\u0142u\u017cne <span class=\"_ _0\"></span>papier<span class=\"_ _3\"></span>y <span class=\"_ _0\"></span>warto\u015bci<span class=\"_ _3\"></span>owe <span class=\"_ _0\"></span>zaprezent<span class=\"_ _3\"></span>owana zosta\u0142a w Nocie 7<span class=\"_ _3\"></span>.5.1.4. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a i za\u0142o\u017cenia<span class=\"_ _3\"></span> 31.12.2022<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Przedzia\u0142y czasowe<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci<span class=\"_ _192\"> </span>Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Nieprzetermin<span class=\"_ _3\"></span>owane<span class=\"_ _192\"> </span>0,1-2,7<span class=\"_ _192\"> </span>401<span class=\"_ _192\"> </span>(2)<span class=\"_ _192\"> </span>0,2-5,1<span class=\"_ _192\"> </span>373<span class=\"_ _192\"> </span>(3)<span class=\"_ _192\"> </span>&lt;1,30)<span class=\"_ _192\"> </span>0,2-8,1<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>0,4-7,8<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>&lt;30,60)<span class=\"_ _192\"> </span>5,5-41,4<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>3,1-34,2<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>&lt;60,90)<span class=\"_ _192\"> </span>34,1-72,3<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>42,9-75,5<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Default<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>(35)<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>37<span class=\"_ _192\"> </span>(32)<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>466<span class=\"_ _192\"> </span>(39)<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>(36)<span class=\"_ _192\"> </span>*Prawdop<span class=\"_ _2\"></span>odobie\u0144stw<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>niew<span class=\"_ _2\"></span>ykonania <span class=\"_ _53\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rezentuj\u0105 <span class=\"_ _53\"></span>zakresy <span class=\"_ _53\"></span>kalkulowane <span class=\"_ _53\"></span>ind<span class=\"_ _2\"></span>ywidulanie <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>oparciu o <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>rzeczyw<span class=\"_ _2\"></span>iste <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>histo<span class=\"_ _2\"></span>ryczne <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zakresie<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>liczby <span class=\"_ _1\"> </span>dni <span class=\"_ _1\"> </span>op<span class=\"_ _2\"></span>\u00f3\u017anie\u0144 <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>przyj<span class=\"_ _2\"></span>\u0119tym <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Grup<span class=\"_ _2\"></span>ie <span class=\"_ _1\"> </span>modelem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>kalkula<span class=\"_ _2\"></span>cji <span class=\"_ _1\"> </span>oczekiwan<span class=\"_ _2\"></span>ej <span class=\"_ _1\"> </span>straty kredytow<span class=\"_ _2\"></span>ej dla nale\u017c<span class=\"_ _2\"></span>no\u015bci handlow<span class=\"_ _2\"></span>ych. **Kwota odp<span class=\"_ _2\"></span>isu uw<span class=\"_ _2\"></span>zgl\u0119dnia odzysk wy<span class=\"_ _2\"></span>nikaj\u0105cy z zabez<span class=\"_ _2\"></span>piecze\u0144 nal<span class=\"_ _2\"></span>e\u017cno\u015bci<span class=\"ff2\">. </span>Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia zmian\u0119 stanu <span class=\"_ _3\"></span>nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w wycenian<span class=\"_ _3\"></span>ych w zamortyzowan<span class=\"_ _3\"></span>ym koszcie. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"ff7\"> </span>Dla <span class=\"_ _53\"></span>kalkulacji <span class=\"_ _53\"></span>oc<span class=\"_ _2\"></span>zekiwanej <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>traty <span class=\"_ _53\"></span>kredytowej <span class=\"_ _53\"></span>\u2013 <span class=\"_ _53\"></span>ECL <span class=\"_ _0\"></span>- <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>przyjmuje <span class=\"_ _53\"></span>s<span class=\"_ _2\"></span>zacunki <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>ratingu, <span class=\"_ _53\"></span>parametr\u00f3w <span class=\"_ _53\"></span>PD <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>LGD. Obliczenie oczekiwanej straty <span class=\"_ _2\"></span>kredytowej nast\u0119puje w <span class=\"_ _2\"></span>horyzoncie pozosta\u0142ym <span class=\"_ _2\"></span>do ko\u0144ca <span class=\"_ _2\"></span>\u017cycia gwarancji, przy czym <span class=\"_ _2\"></span>jako rating podmiotu st<span class=\"_ _3\"></span>osowany na potrzeby <span class=\"_ _3\"></span>obliczenia param<span class=\"_ _3\"></span>etru PD przyjmuje si\u0119 ratin<span class=\"_ _3\"></span>g beneficjenta<span class=\"_ _3\"></span> gwarancji<span class=\"_ _192\"> </span>. Wa\u017cne oszacow<span class=\"_ _3\"></span>ania,  za\u0142o\u017ceni<span class=\"_ _3\"></span>a i os\u0105dy Wa\u017cne <span class=\"_ _57\"> </span>oszacowania <span class=\"_ _146\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>za\u0142o\u017cenia <span class=\"_ _146\"> </span>dotycz\u0105ce <span class=\"_ _57\"> </span>utraty <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _57\"> </span>rzeczowych <span class=\"_ _57\"> </span>i <span class=\"_ _57\"> </span>niematerialnych <span class=\"_ _57\"> </span>aktyw\u00f3w trwa\u0142ych <span class=\"_ _146\"> </span>g\u00f3rniczych i hutniczych z<span class=\"_ _3\"></span>osta\u0142y zaprezentow<span class=\"_ _3\"></span>ane w Nocie 3. Warto\u015b\u0107 <span class=\"_ _2\"></span>netto <span class=\"_ _53\"></span>rzecz<span class=\"_ _192\"> </span>owych <span class=\"_ _53\"></span>akty<span class=\"_ _3\"></span>w\u00f3w <span class=\"_ _53\"></span>g\u00f3rniczych <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>hutniczych <span class=\"_ _2\"></span>podlegaj\u0105cych <span class=\"_ _53\"></span>amortyzacj<span class=\"_ _3\"></span>i <span class=\"_ _53\"></span>metod\u0105 <span class=\"_ _2\"></span>naturaln\u0105 <span class=\"_ _53\"></span>wynios\u0142a <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>dzie\u0144 31 grudnia 2<span class=\"_ _3\"></span>022 r. 1 694<span class=\"_ _3\"></span> mln PLN (na dzie\u0144 31 gr<span class=\"_ _3\"></span>udnia 2021 <span class=\"_ _3\"></span>r. 1 169 mln P<span class=\"_ _3\"></span>LN). Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _125\"> </span>Wa\u017cne oszacowania, za\u0142o\u017c<span class=\"_ _3\"></span>enia i os\u0105dy Rezerwa <span class=\"_ _5e\"> </span>na <span class=\"_ _5e\"> </span>przysz\u0142e<span class=\"_ _2\"></span> <span class=\"_ _5e\"> </span>koszty <span class=\"_ _5e\"> </span>zwi\u0105zane <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>likwidacj\u0105<span class=\"_ _3\"></span> kopal\u0144  i <span class=\"_ _146\"> </span>innych <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>biekt\u00f3w  technologicznych  tworzona<span class=\"_ _3\"></span> jest <span class=\"_ _5e\"> </span>na <span class=\"_ _5e\"> </span>bazie <span class=\"_ _5e\"> </span>szacunk\u00f3w <span class=\"_ _5e\"> </span>przewidywanych <span class=\"_ _55\"> </span>koszt\u00f3w likwidacji <span class=\"_ _5f\"> </span>obiekt\u00f3w <span class=\"_ _5f\"> </span>i <span class=\"_ _5f\"> </span>przywr\u00f3cenia <span class=\"_ _5f\"> </span>do <span class=\"_ _5f\"> </span>stanu pierwotnego <span class=\"_ _59\"> </span>terenu <span class=\"_ _5a\"> </span>po zako\u0144cz<span class=\"_ _3\"></span>eniu <span class=\"_ _5a\"> </span>ich <span class=\"_ _5a\"> </span>eksploa<span class=\"_ _3\"></span>tacji, wykonanych  w <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>parciu  o prognozy <span class=\"_ _146\"> </span>e<span class=\"_ _2\"></span>kspl<span class=\"_ _3\"></span>oatacji <span class=\"_ _146\"> </span>z\u0142o\u017ca (dla obiekt\u00f3w <span class=\"_ _8c\"> </span>g\u00f3rniczych) <span class=\"_ _8c\"> </span>oraz <span class=\"_ _8c\"> </span>e<span class=\"_ _2\"></span>kspertyzy technologiczn<span class=\"_ _3\"></span>o-ekonomiczne <span class=\"_ _13a\"> </span>sporz\u0105dzone <span class=\"_ _138\"> </span>przez specjalistyczne <span class=\"_ _67\"> </span>firmy <span class=\"_ _67\"> </span>b\u0105d\u017a <span class=\"_ _67\"> </span>wykonane <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>Jednostce Dominuj\u0105cej. W <span class=\"_ _53\"></span>przypadku <span class=\"_ _53\"></span>kopalni <span class=\"_ _53\"></span>odkrywkowych <span class=\"_ _2\"></span>niekt\u00f3re <span class=\"_ _53\"></span>dzia\u0142ania oraz <span class=\"_ _5b\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _5b\"> </span>mog\u0105ce <span class=\"_ _63\"> </span>wp\u0142ywa\u0107 <span class=\"_ _5b\"> </span>na <span class=\"_ _63\"> </span>zakres <span class=\"_ _5b\"> </span>prac rekultywacyjnych, <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>np. <span class=\"_ _2\"></span>koszty <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dstawy <span class=\"_ _2\"></span>ska\u0142y <span class=\"_ _53\"></span>p\u0142onnej,<span class=\"_ _3\"></span> ponoszone  w  t<span class=\"_ _2\"></span>rakcie  \u017cycia  ko<span class=\"_ _2\"></span>palni  i  w <span class=\"_ _57\"> </span>zwi\u0105zku  z <span class=\"_ _146\"> </span>j<span class=\"_ _2\"></span>ej dzia\u0142alno\u015bci\u0105 <span class=\"_ _62\"> </span>operacyjn\u0105,<span class=\"_ _3\"></span> <span class=\"_ _62\"> </span>ujmuje <span class=\"_ _62\"> </span>si\u0119 <span class=\"_ _62\"> </span>jako <span class=\"_ _64\"> </span>koszty operacyjne <span class=\"_ _56\"> </span>st<span class=\"_ _2\"></span>anowi\u0105ce <span class=\"_ _56\"> </span>integraln\u0105 <span class=\"_ _5b\"> </span>cz\u0119\u015b\u0107 <span class=\"_ _5b\"> </span>procesu produkcji <span class=\"_ _67\"> </span>i wy\u0142\u0105cza <span class=\"_ _5e\"> </span>si\u0119 <span class=\"_ _67\"> </span>je <span class=\"_ _67\"> </span>tym <span class=\"_ _67\"> </span>samym <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>koszt\u00f3w stanowi\u0105cych podstaw\u0119 <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>kalkulacji <span class=\"_ _2\"></span>rezerwy <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>koszty likwidacji kopal\u0144.<span class=\"_ _3\"></span> Aktualizacji rezerw<span class=\"_ _3\"></span>y dokonuje si\u0119 dwuetap<span class=\"_ _3\"></span>owo: 1)<span class=\"ff8\"> <span class=\"_ _5e\"> </span></span>szacunek <span class=\"_ _54\"> </span>kosz<span class=\"_ _3\"></span>t\u00f3w <span class=\"_ _5a\"> </span>l<span class=\"_ _2\"></span>ikwidacji <span class=\"_ _5a\"> </span>kopal\u0144 <span class=\"_ _5a\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>aktualnej warto\u015bci <span class=\"_ _37\"> </span>w <span class=\"_ _37\"> </span>zwi\u0105zku <span class=\"_ _37\"> </span>ze <span class=\"_ _37\"> </span>z<span class=\"_ _2\"></span>mian\u0105 <span class=\"_ _37\"> </span>cen <span class=\"_ _37\"> </span>przy zastosowaniu <span class=\"_ _5e\"> </span>wska\u017anik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5e\"> </span>zmiany <span class=\"_ _5e\"> </span>cen <span class=\"_ _5e\"> </span>produkcji budowlano-monta\u017co<span class=\"_ _3\"></span>wej publikowanych pr<span class=\"_ _3\"></span>zez GUS. 2)<span class=\"ff8\"> <span class=\"_ _5e\"> </span></span>dyskontowanie <span class=\"_ _62\"> </span>koszt\u00f3w <span class=\"_ _62\"> </span>likwidacji <span class=\"_ _62\"> </span>do <span class=\"_ _61\"> </span>warto\u015bci bie\u017c\u0105cej   <span class=\"_ _58\"> </span>przy  u\u017cyciu <span class=\"_ _74\"> </span>re<span class=\"_ _2\"></span>alnych <span class=\"_ _58\"> </span>st\u00f3p  dyskontowy<span class=\"_ _3\"></span>ch skalkulowanych <span class=\"_ _5e\"> </span>w <span class=\"_ _5e\"> </span>oparciu <span class=\"_ _5e\"> </span>o <span class=\"_ _67\"> </span>stopy <span class=\"_ _5e\"> </span>procentowe nominalne <span class=\"_ _5d\"> </span>oraz <span class=\"_ _64\"> </span>wska\u017anik<span class=\"_ _3\"></span> <span class=\"_ _64\"> </span>inflacji <span class=\"_ _5d\"> </span>(iloraz <span class=\"_ _64\"> </span>stopy<span class=\"_ _3\"></span> nominalnej i wska\u017a<span class=\"_ _3\"></span>nika inflacji), prz<span class=\"_ _3\"></span>y czym: - <span class=\"_ _6c\"> </span>nominalna <span class=\"_ _37\"> </span>stopa <span class=\"_ _37\"> </span>procentowa <span class=\"_ _6c\"> </span>w Jedn<span class=\"_ _3\"></span>ostce Dominuj\u0105cej <span class=\"_ _54\"> </span>opiera <span class=\"_ _5a\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>re<span class=\"_ _3\"></span>ntowno\u015bci <span class=\"_ _54\"> </span>obligacji<span class=\"_ _3\"></span> skarbowych <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>koniec <span class=\"_ _54\"> </span>okr<span class=\"_ _3\"></span>esu <span class=\"_ _5a\"> </span>sprawozdawczego, o terminach <span class=\"_ _0\"></span>zapadaln<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>najbardziej <span class=\"_ _0\"></span>zbli\u017conych <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>o termin\u00f3w <span class=\"_ _60\"> </span>planowanych <span class=\"_ _60\"> </span>wy<span class=\"_ _3\"></span>p\u0142yw\u00f3w <span class=\"_ _60\"> </span>\u015brodk\u00f3w finansowych, <span class=\"_ _5e\"> </span>oraz <span class=\"_ _67\"> </span>w <span class=\"_ _5e\"> </span>przypadku <span class=\"_ _5e\"> </span>braku <span class=\"_ _67\"> </span>obligacji skarbowych o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w <span class=\"_ _60\"> </span>planowanych <span class=\"_ _60\"> </span>wy<span class=\"_ _3\"></span>p\u0142yw\u00f3w <span class=\"_ _60\"> </span>\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _64\"> </span>no<span class=\"_ _2\"></span>minalna <span class=\"_ _64\"> </span>stopa <span class=\"_ _64\"> </span>procentowa <span class=\"_ _62\"> </span>jest ustalana <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>po<span class=\"_ _2\"></span>dstawi<span class=\"_ _3\"></span>e <span class=\"_ _62\"> </span>pro<span class=\"_ _3\"></span>fesjonalnego <span class=\"_ _64\"> </span>os\u0105du Kierownictwa <span class=\"_ _59\"> </span>Jednostki <span class=\"_ _5a\"> </span>Dominuj\u0105cej <span class=\"_ _5a\"> </span>opartego <span class=\"_ _59\"> </span>na sp\u00f3jno\u015bci <span class=\"_ _63\"> </span>przyjmowanych <span class=\"_ _63\"> </span>za\u0142o\u017ce\u0144. <span class=\"_ _63\"> </span>W <span class=\"_ _63\"> </span>G<span class=\"_ _2\"></span>rupie<span class=\"_ _3\"></span> Kapita\u0142owej  KGHM <span class=\"_ _146\"> </span>INTERNATIONAL  L<span class=\"_ _2\"></span>TD.  to <span class=\"_ _57\"> </span>stopa zwrotu <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>inwestycji <span class=\"_ _1\"> </span>w dziesi\u0119ci<span class=\"_ _3\"></span>o- <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>dwudziestoletnie bony <span class=\"_ _37\"> </span>skarbowe <span class=\"_ _37\"> </span>Federalnej <span class=\"_ _37\"> </span>Rezerwy <span class=\"_ _37\"> </span>Stan\u00f3w W <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>Jednostka <span class=\"_ _1\"> </span>Dominuj\u0105ca<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>zrewidowa\u0142a <span class=\"_ _1\"> </span>swoje <span class=\"_ _1\"> </span>podej\u015bcie w zakresie <span class=\"_ _5e\"> </span>st\u00f3p <span class=\"_ _67\"> </span>dyskonta <span class=\"_ _5e\"> </span>stosowanych <span class=\"_ _67\"> </span>do <span class=\"_ _5e\"> </span>wyceny <span class=\"_ _67\"> </span>rez<span class=\"_ _3\"></span>erw \u015brodowiskowych. <span class=\"_ _54\"> </span>Na <span class=\"_ _54\"> </span>koniec <span class=\"_ _55\"> </span>okresu <span class=\"_ _54\"> </span>sprawozdawczego, <span class=\"_ _54\"> </span>przy rentowno\u015bci <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>bligacji <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>poziomie <span class=\"_ _1\"> </span>+/-6,845% <span class=\"_ _0\"> </span>i <span class=\"_ _74\"> </span>inflacji <span class=\"_ _1\"> </span>+/-13,1% (na <span class=\"_ _1\"> </span>koniec <span class=\"_ _74\"> </span>okresu <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>r\u00f3wn<span class=\"_ _3\"></span>ywalnego <span class=\"_ _1\"> </span>odpowiednio <span class=\"_ _1\"> </span>+/-3,6% <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>+/-<span class=\"_ _192\"> </span>7,6%) <span class=\"_ _57\"> </span>Jednostka <span class=\"_ _59\"> </span>Dominuj\u0105ca <span class=\"_ _146\"> </span>otrzyma\u0142a <span class=\"_ _57\"> </span>i <span class=\"_ _59\"> </span>zastosowa\u0142a <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>lat 2022 - 2023 uje<span class=\"_ _2\"></span>mn\u0105 realn\u0105 stop\u0119 dy<span class=\"_ _2\"></span>skontow\u0105 wynosz\u0105c\u0105 -5,53%<span class=\"_ _3\"></span> zamiast <span class=\"_ _1\"> </span>stopy<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>poziomie <span class=\"_ _1\"> </span>0%. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>kole<span class=\"_ _2\"></span>jnych <span class=\"_ _1\"> </span>dw\u00f3ch <span class=\"_ _74\"> </span>okres\u00f3w wyceny <span class=\"_ _5a\"> </span>tj. <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>2024 <span class=\"_ _5a\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>oraz <span class=\"_ _5a\"> </span>2025 <span class=\"_ _5a\"> </span>r. <span class=\"_ _54\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105ca<span class=\"_ _3\"></span> przyj\u0119\u0142a <span class=\"_ _53\"></span>stopy <span class=\"_ _0\"></span>inflacji <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>poziomie <span class=\"_ _53\"></span>zgodnym <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>prognoz\u0105 <span class=\"_ _53\"></span>NBP <span class=\"_ _0\"></span>tj. 5,9%  o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>3,5% <span class=\"_ _57\"> </span>odpowiednio, <span class=\"_ _57\"> </span>a <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>nast\u0119pnych <span class=\"_ _57\"> </span>okres\u00f3w <span class=\"_ _57\"> </span>po prognozie N<span class=\"_ _2\"></span>BP na <span class=\"_ _2\"></span>poziomie <span class=\"_ _2\"></span>2,5%, zgodnym <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>d\u0142ugoterminowym<span class=\"_ _3\"></span> celem <span class=\"_ _54\"> </span>inflacyjnym. <span class=\"_ _54\"> </span>Ponadto, <span class=\"_ _54\"> </span>dla <span class=\"_ _54\"> </span>pierwszych <span class=\"_ _54\"> </span>10 <span class=\"_ _54\"> </span>lat <span class=\"_ _54\"> </span>wyceny rezerwy (tj. do 2032<span class=\"_ _3\"></span> r.) przyj\u0119ta zosta\u0142a stopa wolna od ryzyka na poziomie <span class=\"_ _67\"> </span>6,845% <span class=\"_ _67\"> </span>(wycena <span class=\"_ _67\"> </span>10-letnich <span class=\"_ _67\"> </span>obligacji <span class=\"_ _67\"> </span>skarbowych) w zwi\u0105zku <span class=\"_ _55\"> </span>z <span class=\"_ _67\"> </span>faktem, <span class=\"_ _5e\"> </span>i\u017c <span class=\"_ _5e\"> </span>jest <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>o <span class=\"_ _5e\"> </span>jedyna <span class=\"_ _5e\"> </span>dost\u0119pna <span class=\"_ _5e\"> </span>rynkowo informacja  o <span class=\"_ _57\"> </span>poziomie <span class=\"_ _57\"> </span>stopy  wolnej <span class=\"_ _57\"> </span>od <span class=\"_ _57\"> </span>ryzyka  dla <span class=\"_ _57\"> </span>kolejnych 10 lat  i,  zgodnie  z  przyj\u0119tym <span class=\"_ _74\"> </span>os\u0105dem,  stopa  ta  nie  podlega\u0142a modyfikacji. <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>b\u0119dzie <span class=\"_ _0\"></span>dostosowywa\u0107 <span class=\"_ _2\"></span>stop\u0119 woln\u0105 <span class=\"_ _74\"> </span>od  ryz<span class=\"_ _3\"></span>yka <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>poziomu <span class=\"_ _74\"> </span>tej  st<span class=\"_ _3\"></span>opy <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>g\u0142aszaneg<span class=\"_ _3\"></span>o  na <span class=\"_ _1\"> </span>ka\u017cdy kolejny <span class=\"_ _64\"> </span>dzie\u0144 <span class=\"_ _64\"> </span>ko\u0144cz\u0105cy <span class=\"_ _64\"> </span>okres <span class=\"_ _64\"> </span>sprawozdaw<span class=\"_ _3\"></span>czy <span class=\"_ _64\"> </span>dla <span class=\"_ _64\"> </span>cel\u00f3w dokonania wyceny rez<span class=\"_ _3\"></span>erwy na te<span class=\"_ _3\"></span> dni. Z <span class=\"_ _57\"> </span>kolei <span class=\"_ _59\"> </span>bior\u0105c <span class=\"_ _57\"> </span>pod <span class=\"_ _59\"> </span>uwag\u0119 <span class=\"_ _146\"> </span>du\u017c\u0105 <span class=\"_ _59\"> </span>zmienno\u015b\u0107 <span class=\"_ _57\"> </span>stopy <span class=\"_ _57\"> </span>wolnej <span class=\"_ _59\"> </span>od<span class=\"_ _3\"></span> ryzyka, <span class=\"_ _54\"> </span>jaka <span class=\"_ _5a\"> </span>mia\u0142a <span class=\"_ _54\"> </span>miejsce <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>ostatnim <span class=\"_ _54\"> </span>okresie, <span class=\"_ _54\"> </span>opar<span class=\"_ _3\"></span>tej <span class=\"_ _54\"> </span>na notowaniach <span class=\"_ _24\"> </span>10-letnich <span class=\"_ _65\"> </span>obligacji <span class=\"_ _37\"> </span>skarbowych,<span class=\"_ _3\"></span> <span class=\"_ _24\"> </span>J<span class=\"_ _2\"></span>ednostka<span class=\"_ _3\"></span> Dominuj\u0105ca <span class=\"_ _146\"> </span>zastosowa\u0142a <span class=\"_ _57\"> </span>profesjonalny <span class=\"_ _146\"> </span>os\u0105d <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>ustalenia <span class=\"_ _57\"> </span>tej stopy <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>wyceny <span class=\"_ _57\"> </span>rezerw <span class=\"_ _57\"> </span>\u015brodowiskowych  przypadaj\u0105cych <span class=\"_ _57\"> </span>po okresie <span class=\"_ _2\"></span>10 <span class=\"_ _2\"></span>lat <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>dnia <span class=\"_ _2\"></span>ko\u0144cz\u0105cego roczny <span class=\"_ _2\"></span>okres <span class=\"_ _2\"></span>sprawozdawczy,<span class=\"_ _3\"></span> opieraj\u0105c <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>history<span class=\"_ _3\"></span>cznej <span class=\"_ _59\"> </span>obserwacji <span class=\"_ _59\"> </span>stosunk<span class=\"_ _3\"></span>u <span class=\"_ _59\"> </span>wysoko\u015bci stopy <span class=\"_ _5d\"> </span>wolnej <span class=\"_ _69\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _5d\"> </span>ryzyka <span class=\"_ _69\"> </span>do <span class=\"_ _5d\"> </span>wysoko\u015bci <span class=\"_ _5d\"> </span>zak\u0142adaneg<span class=\"_ _3\"></span>o <span class=\"_ _5d\"> </span>celu inflacyjnego. <span class=\"_ _37\"> </span>W <span class=\"_ _37\"> </span>wyniku <span class=\"_ _37\"> </span>dokonaneg<span class=\"_ _3\"></span>o <span class=\"_ _37\"> </span>os\u0105du <span class=\"_ _37\"> </span>Jednostka Dominuj\u0105ca <span class=\"_ _62\"> </span>przyj\u0119\u0142a <span class=\"_ _62\"> </span>do <span class=\"_ _62\"> </span>wyc<span class=\"_ _3\"></span>eny <span class=\"_ _62\"> </span>rezerw <span class=\"_ _62\"> </span>\u015brodowiskowych<span class=\"_ _3\"></span> przypadaj\u0105cych  p<span class=\"_ _3\"></span>o  okresie  10<span class=\"_ _3\"></span>  lat  od  dnia <span class=\"_ _74\"> </span>ko<span class=\"_ _2\"></span>\u0144cz\u0105ce<span class=\"_ _3\"></span>go  roczny sprawozdawczy <span class=\"_ _54\"> </span>stop\u0119 <span class=\"_ _54\"> </span>woln\u0105 <span class=\"_ _54\"> </span>od <span class=\"_ _54\"> </span>ryzyka <span class=\"_ _55\"> </span>na <span class=\"_ _54\"> </span>poziomie <span class=\"_ _54\"> </span>3,5%, co prze\u0142o\u017cy\u0142o si\u0119 na r<span class=\"_ _3\"></span>ealn\u0105 stop\u0119 dyskon<span class=\"_ _3\"></span>ta w wysoko\u015bci 0,9<span class=\"_ _3\"></span>8%.  Dla <span class=\"_ _0\"></span>oszacowania <span class=\"_ _53\"></span>rezerwy <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"></span>likwidacji <span class=\"_ _0\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>obiekt\u00f3w<span class=\"_ _3\"></span> technologicznych po\u0142o\u017conych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>Stanach <span class=\"_ _2\"></span>Zjednoczonych Ameryki oraz <span class=\"_ _5a\"> </span>w <span class=\"_ _59\"> </span>Kanadzie <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>okresie <span class=\"_ _5a\"> </span>bie\u017c\u0105cym <span class=\"_ _59\"> </span>przyj\u0119to <span class=\"_ _5a\"> </span>realn\u0105 <span class=\"_ _5a\"> </span>stop\u0119<span class=\"_ _3\"></span> dyskonta <span class=\"_ _59\"> </span>na <span class=\"_ _5a\"> </span>pozi<span class=\"_ _3\"></span>omie <span class=\"_ _5a\"> </span>od <span class=\"_ _59\"> </span>1,19% <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>1,67% <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>zale\u017cno\u015bci <span class=\"_ _59\"> </span>od kopalni. <span class=\"_ _67\"> </span>W <span class=\"_ _67\"> </span>okresie <span class=\"_ _67\"> </span>por\u00f3wnyw<span class=\"_ _3\"></span>alnym <span class=\"_ _67\"> </span>przyj\u0119to <span class=\"_ _67\"> </span>realn\u0105 <span class=\"_ _67\"> </span>stop\u0119 dyskonta na <span class=\"_ _2\"></span>poziomie 0% <span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>wzgl\u0119du na <span class=\"_ _2\"></span>utrzymuj\u0105cy si\u0119 <span class=\"_ _2\"></span>poziom inflacji na poziomi<span class=\"_ _3\"></span>e nominalnej stopy dysk<span class=\"_ _3\"></span>onta.  W <span class=\"_ _57\"> </span>zakresie <span class=\"_ _59\"> </span>koszt\u00f3w <span class=\"_ _146\"> </span>niekt\u00f3rych <span class=\"_ _57\"> </span>prac <span class=\"_ _57\"> </span>re<span class=\"_ _2\"></span>alizowanych <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>rakcie<span class=\"_ _3\"></span> eksploatacji <span class=\"_ _59\"> </span>kopalni <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>dkrywko<span class=\"_ _3\"></span>wych, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _59\"> </span>jednocze\u015bnie <span class=\"_ _59\"> </span>s\u0142u\u017c\u0105<span class=\"_ _192\"> </span>rekultywacji <span class=\"_ _53\"></span>wyrobisk,<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>dokona\u0142a <span class=\"_ _53\"></span>os\u0105du, <span class=\"_ _53\"></span>uznaj\u0105c <span class=\"_ _53\"></span>\u017ce <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>szty<span class=\"_ _192\"> </span> Zjednoczonych<span class=\"_ _192\"> </span>Ameryki<span class=\"_ _192\"> </span>oraz <span class=\"_ _51\"> </span>stopa <span class=\"_ _51\"> </span>zwrotu z inwestycji <span class=\"_ _6a\"> </span>w pi\u0119cioletnie <span class=\"_ _6a\"> </span>obligacje <span class=\"_ _6a\"> </span>rz\u0105dowe emitowane przez <span class=\"_ _3\"></span>rz\u0105dy Kanady i Ch<span class=\"_ _3\"></span>ile. - <span class=\"_ _146\"> </span>st<span class=\"_ _2\"></span>opa <span class=\"_ _146\"> </span>inflacji <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>parta  jest <span class=\"_ _57\"> </span>na <span class=\"_ _146\"> </span>pro<span class=\"_ _2\"></span>gnozie  przysz\u0142ej inflacji <span class=\"_ _59\"> </span>stosowanej <span class=\"_ _5a\"> </span>przy <span class=\"_ _59\"> </span>kalkulacji <span class=\"_ _59\"> </span>zobowi\u0105za\u0144 <span class=\"_ _59\"> </span>na przysz\u0142e \u015bwiadczenia pr<span class=\"_ _3\"></span>acownicze. Zmiana <span class=\"_ _5d\"> </span>st<span class=\"_ _2\"></span>opy <span class=\"_ _64\"> </span>dysk<span class=\"_ _3\"></span>onta <span class=\"_ _64\"> </span>lub <span class=\"_ _5d\"> </span>szaco<span class=\"_ _2\"></span>wanego <span class=\"_ _5d\"> </span>kosztu likwidacji <span class=\"_ _57\"> </span>koryguje <span class=\"_ _57\"> </span>warto\u015b\u0107 <span class=\"_ _57\"> </span>\u015brodka <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>rwa\u0142ego, <span class=\"_ _57\"> </span>kt\u00f3rego dotyczy, <span class=\"_ _2\"></span>chyba \u017ce <span class=\"_ _2\"></span>przekracza <span class=\"_ _2\"></span>warto\u015b\u0107 bilansow\u0105 <span class=\"_ _2\"></span>\u015brodka trwa\u0142ego, <span class=\"_ _6a\"> </span>w\u00f3wczas <span class=\"_ _35\"> </span>nadwy\u017cka <span class=\"_ _6a\"> </span>ujmowana <span class=\"_ _6a\"> </span>je<span class=\"_ _2\"></span>st w pozosta\u0142ych przych<span class=\"_ _3\"></span>odach operacyjnych.<span class=\"_ _3\"></span> Wzrost <span class=\"_ _74\"> </span>rezerwy  z<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>tytu\u0142u  up\u0142<span class=\"_ _3\"></span>ywu <span class=\"_ _74\"> </span>czasu <span class=\"_ _74\"> </span>ujmo<span class=\"_ _2\"></span>wany <span class=\"_ _74\"> </span>jest w kosztach finans<span class=\"_ _3\"></span>owych. W <span class=\"_ _67\"> </span>ramach <span class=\"_ _67\"> </span>rezerwy <span class=\"_ _67\"> </span>na <span class=\"_ _5e\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _67\"> </span>likwidacji <span class=\"_ _67\"> </span>zak\u0142ad\u00f3w<span class=\"_ _3\"></span> g\u00f3rniczych <span class=\"_ _24\"> </span>i <span class=\"_ _37\"> </span>innych <span class=\"_ _37\"> </span>o<span class=\"_ _2\"></span>biekt\u00f3w <span class=\"_ _24\"> </span>te<span class=\"_ _2\"></span>chnolo<span class=\"_ _3\"></span>gicznych prezentowane <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>saldo <span class=\"_ _74\"> </span>Funduszu <span class=\"_ _74\"> </span>Likwidacji <span class=\"_ _74\"> </span>Zak\u0142adu G\u00f3rniczego <span class=\"_ _37\"> </span>(FLZG) <span class=\"_ _6c\"> </span>oraz <span class=\"_ _37\"> </span>Funduszu <span class=\"_ _6c\"> </span>Rekultywacji Sk\u0142adowisk <span class=\"_ _6b\"> </span>Odpad\u00f3w <span class=\"_ _6b\"> </span>(FRSO), <span class=\"_ _6b\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _6b\"> </span>Je<span class=\"_ _2\"></span>dnostka<span class=\"_ _3\"></span> Dominuj\u0105ca <span class=\"_ _74\"> </span>tworzy <span class=\"_ _74\"> </span>na  m<span class=\"_ _3\"></span>ocy <span class=\"_ _58\"> </span>odr\u0119bnych <span class=\"_ _74\"> </span>przepis\u00f3w <span class=\"_ _74\"> </span>tj. Ustawy  z  dnia <span class=\"_ _146\"> </span>9 <span class=\"_ _146\"> </span>czerwca <span class=\"_ _146\"> </span>2011  r. <span class=\"_ _146\"> </span>Prawo <span class=\"_ _146\"> </span>geologic<span class=\"_ _2\"></span>zne<span class=\"_ _3\"></span> i g\u00f3rnicze <span class=\"_ _54\"> </span>oraz <span class=\"_ _54\"> </span>Ustawy <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>dnia <span class=\"_ _54\"> </span>14 <span class=\"_ _54\"> </span>grudnia <span class=\"_ _5a\"> </span>2012 <span class=\"_ _54\"> </span>r.<span class=\"_ _2\"></span> o odpadach, <span class=\"_ _5f\"> </span>odpowiednio. <span class=\"_ _5f\"> </span>Rol\u0105 <span class=\"_ _5f\"> </span>Funduszy <span class=\"_ _5f\"> </span>jest zabezpieczenie <span class=\"_ _64\"> </span>\u015brodk\u00f3w <span class=\"_ _62\"> </span>p<span class=\"_ _3\"></span>ieni\u0119\u017cnych <span class=\"_ _62\"> </span>na <span class=\"_ _64\"> </span>potrzeby<span class=\"_ _3\"></span> przysz\u0142ej <span class=\"_ _24\"> </span>realizacji <span class=\"_ _24\"> </span>przez <span class=\"_ _24\"> </span>Jednostk\u0119 <span class=\"_ _24\"> </span>Dominuj\u0105c\u0105 obowi\u0105zk\u00f3w <span class=\"_ _67\"> </span>zwi\u0105zanych <span class=\"_ _67\"> </span>z <span class=\"_ _69\"> </span>zamkni\u0119ciem, <span class=\"_ _67\"> </span>likwidacj\u0105 i rekultywacj\u0105 <span class=\"_ _63\"> </span>zak\u0142ad\u00f3w <span class=\"_ _65\"> </span>g\u00f3rniczych <span class=\"_ _63\"> </span>i <span class=\"_ _65\"> </span>sk\u0142adowisk<span class=\"_ _3\"></span> odpad\u00f3w, <span class=\"_ _5b\"> </span>poprzez <span class=\"_ _63\"> </span>ich <span class=\"_ _63\"> </span>gromadzenie <span class=\"_ _5b\"> </span>w <span class=\"_ _63\"> </span>spos\u00f3b przewidziany przepi<span class=\"_ _3\"></span>sami ustaw.<span class=\"_ _192\"> </span>W <span class=\"_ _53\"></span>przypadku <span class=\"_ _53\"></span>F<span class=\"_ _2\"></span>LZG <span class=\"_ _53\"></span>Je<span class=\"_ _2\"></span>dnostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>wyodr\u0119bni\u0142a bankowy <span class=\"_ _5e\"> </span>rachunek <span class=\"_ _5e\"> </span>\u015brodk\u00f3w <span class=\"_ _55\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017cnych, <span class=\"_ _55\"> </span>na <span class=\"_ _5e\"> </span>kt\u00f3ry odprowadza <span class=\"_ _5c\"> </span>\u015brodki <span class=\"_ _51\"> </span>pieni\u0119<span class=\"_ _3\"></span>\u017cne <span class=\"_ _51\"> </span>w <span class=\"_ _5c\"> </span>wysoko\u015bci r\u00f3wnowarto\u015bci <span class=\"_ _56\"> </span>3% <span class=\"_ _5b\"> </span>o<span class=\"_ _2\"></span>dpis\u00f3w <span class=\"_ _56\"> </span>amortyzacyjnych <span class=\"_ _5b\"> </span>od \u015brodk\u00f3w <span class=\"_ _67\"> </span>trwa\u0142ych <span class=\"_ _5e\"> </span>zak\u0142ad\u00f3w <span class=\"_ _67\"> </span>g\u00f3rniczych, <span class=\"_ _67\"> </span>ustalanych<span class=\"_ _3\"></span> stosownie <span class=\"_ _14b\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _14b\"> </span>przepis\u00f3w <span class=\"_ _6b\"> </span>ust<span class=\"_ _2\"></span>awy <span class=\"_ _6b\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _14b\"> </span>podatk<span class=\"_ _3\"></span>u dochodowym. <span class=\"_ _0\"></span>Szcz<span class=\"_ _3\"></span>eg\u00f3\u0142y <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>temat <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"></span>kredytow<span class=\"_ _3\"></span>ego zwi\u0105zanego <span class=\"_ _74\"> </span>ze  \u015brodkami <span class=\"_ _74\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017c<span class=\"_ _3\"></span>nymi  zgromadzon<span class=\"_ _3\"></span>ymi na <span class=\"_ _5c\"> </span>wyodr\u0119bnionym <span class=\"_ _5c\"> </span>rachunku <span class=\"_ _5c\"> </span>FLZG <span class=\"_ _5c\"> </span>zosta\u0142y zaprezentowane w<span class=\"_ _3\"></span> Nocie 7.5.2.4. W przypadku FRSO Jednostka Dominuj\u0105ca, w lipcu 2022 roku, <span class=\"_ _0\"></span>dokona\u0142a <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>formy <span class=\"_ _0\"> </span>zabezpieczenia <span class=\"_ _1\"> </span>\u015brodk\u00f3w<span class=\"_ _3\"></span> finansowych <span class=\"_ _74\"> </span>tego <span class=\"_ _74\"> </span>Funduszu <span class=\"_ _74\"> </span>zast\u0119puj\u0105c <span class=\"_ _74\"> </span>wyodr\u0119bniony rachunek <span class=\"_ _51\"> </span>bankowy <span class=\"_ _51\"> </span>gwara<span class=\"_ _3\"></span>ncjami <span class=\"_ _51\"> </span>finansowymi<span class=\"_ _3\"></span> wystawianymi <span class=\"_ _62\"> </span>przez <span class=\"_ _62\"> </span>bank <span class=\"_ _61\"> </span>na <span class=\"_ _61\"> </span>zlecenie <span class=\"_ _61\"> </span>Jednostki<span class=\"_ _3\"></span> Dominuj\u0105cej, <span class=\"_ _56\"> </span>kt\u00f3rych <span class=\"_ _56\"> </span>Jednostka <span class=\"_ _56\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105ca <span class=\"_ _56\"> </span>jest jednocze\u015bnie <span class=\"_ _2\"></span>beneficjentem<span class=\"_ _3\"></span>. <span class=\"_ _53\"></span>Wysoko\u015b\u0107 gwarancji <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>31 grudnia  2022  r.  wyni<span class=\"_ _3\"></span>os\u0142a  98  mln  PLN,  a  ich  wart<span class=\"_ _3\"></span>o\u015b\u0107 podlega <span class=\"_ _59\"> </span>aktualiza<span class=\"_ _3\"></span>cji <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>okresac<span class=\"_ _3\"></span>h <span class=\"_ _59\"> </span>rocznych. <span class=\"_ _59\"> </span>Jednostka<span class=\"_ _3\"></span> Dominuj\u0105ca <span class=\"_ _66\"> </span>d\u0105\u017cy <span class=\"_ _66\"> </span>do <span class=\"_ _175\"> </span>osi\u0105gni\u0119cia <span class=\"_ _66\"> </span>pe\u0142nego zabezpieczenia <span class=\"_ _113\"> </span>\u015brodk\u00f3w <span class=\"_ _113\"> </span>na <span class=\"_ _171\"> </span>rekultywacj\u0119 poszczeg\u00f3lnych <span class=\"_ _37\"> </span>sk\u0142adowisk <span class=\"_ _6c\"> </span>w <span class=\"_ _6c\"> </span>roku, <span class=\"_ _6c\"> </span>na <span class=\"_ _6c\"> </span>kt\u00f3ry harmonogram <span class=\"_ _64\"> </span>likwidacji <span class=\"_ _64\"> </span>i <span class=\"_ _64\"> </span>rekultywacji <span class=\"_ _64\"> </span>przewiduje zamkni\u0119cie <span class=\"_ _5e\"> </span>danego <span class=\"_ _5e\"> </span>sk\u0142adowiska <span class=\"_ _5e\"> </span>odpad\u00f3w, <span class=\"_ _5e\"> </span>poprzez systematyczne zwi<span class=\"_ _3\"></span>\u0119kszanie warto\u015bci tych g<span class=\"_ _3\"></span>warancji. te <span class=\"_ _62\"> </span>maj\u0105 <span class=\"_ _62\"> </span>przed<span class=\"_ _3\"></span>e <span class=\"_ _62\"> </span>wszystkim <span class=\"_ _64\"> </span>charakter <span class=\"_ _62\"> </span>bie\u017c\u0105cych <span class=\"_ _62\"> </span>koszt<span class=\"_ _3\"></span>\u00f3w produkcyjnych, <span class=\"_ _64\"> </span>gdy\u017c <span class=\"_ _62\"> </span>dzia\u0142ania <span class=\"_ _64\"> </span>te<span class=\"_ _2\"></span> <span class=\"_ _62\"> </span>w <span class=\"_ _62\"> </span>p<span class=\"_ _3\"></span>ierwszej <span class=\"_ _62\"> </span>kolejno\u015b<span class=\"_ _3\"></span>ci warunkuj\u0105 <span class=\"_ _65\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _65\"> </span>ekspl<span class=\"_ _3\"></span>oatacj\u0119 <span class=\"_ _65\"> </span>kopalni <span class=\"_ _65\"> </span>i <span class=\"_ _65\"> </span>generowanie<span class=\"_ _3\"></span> przychod\u00f3w, <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>ich <span class=\"_ _57\"> </span>skutkiem <span class=\"_ _59\"> </span>d<span class=\"_ _3\"></span>rugorz\u0119dnym <span class=\"_ _57\"> </span>jest <span class=\"_ _59\"> </span>wykonywana<span class=\"_ _3\"></span> rekultywacja. <span class=\"_ _67\"> </span>W <span class=\"_ _67\"> </span>zwi\u0105z<span class=\"_ _3\"></span>ku <span class=\"_ _67\"> </span>z <span class=\"_ _67\"> </span>tym <span class=\"_ _67\"> </span>koszty <span class=\"_ _67\"> </span>takich <span class=\"_ _67\"> </span>dzia\u0142a\u0144 <span class=\"_ _67\"> </span>nie s\u0105 uwzgl\u0119dniane w <span class=\"_ _3\"></span>wycenie rezerwy r<span class=\"_ _3\"></span>ekultywacyjnej. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"ff7\"> </span>Identyfikacja ko<span class=\"_ _3\"></span>mponent\u00f3w nieleasingowych<span class=\"_ _192\"> </span>W umowach dotycz\u0105cych najmu maszyn g\u00f3rniczych, opr\u00f3cz elementu leasing<span class=\"_ _3\"></span>owego Grupa zidentyfikowa\u0142a komponent<span class=\"_ _3\"></span>y nieleasingowe, zwi\u0105zane <span class=\"_ _53\"></span>ze <span class=\"_ _2\"></span>\u015bwiadczeni<span class=\"_ _3\"></span>em <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _2\"></span>innych <span class=\"_ _2\"></span>ni\u017c <span class=\"_ _2\"></span>wynajem <span class=\"_ _2\"></span>sk\u0142adnik\u00f3w <span class=\"_ _2\"></span>aktyw\u00f3w. <span class=\"_ _2\"></span>Do <span class=\"_ _2\"></span>wydzielenia <span class=\"_ _2\"></span>komponentu<span class=\"_ _3\"></span> leasingowego <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>nieleasingowego <span class=\"_ _1\"> </span>Grupa  z<span class=\"_ _3\"></span>astosowa\u0142a <span class=\"_ _74\"> </span>os\u0105d, <span class=\"_ _74\"> </span>alokuj\u0105c <span class=\"_ _74\"> </span>odpowiednio <span class=\"_ _74\"> </span>wynagrodzenie <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>danej  um<span class=\"_ _3\"></span>owy <span class=\"_ _74\"> </span>na obydwa <span class=\"_ _2\"></span>komponenty <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>podstawie <span class=\"_ _2\"></span>wzgl\u0119dnej <span class=\"_ _53\"></span>jednostkow<span class=\"_ _3\"></span>ej <span class=\"_ _53\"></span>ceny <span class=\"_ _53\"></span>elementu <span class=\"_ _53\"></span>leasingow<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>ca\u0142kowit<span class=\"_ _3\"></span>ej <span class=\"_ _53\"></span>jednostkowej ceny element\u00f3w ni<span class=\"_ _3\"></span>eleasingowych.  Szacunek kra\u0144cow<span class=\"_ _3\"></span>ej stopy proc<span class=\"_ _3\"></span>entowej leasingu<span class=\"fc0\"> </span>W celu obliczenia st\u00f3p dysk<span class=\"_ _3\"></span>onta na potrzeby MSSF 16<span class=\"_ _3\"></span> Grupa przyjmuje, \u017c<span class=\"_ _3\"></span>e stopa dyskonta powinna odzwierci<span class=\"_ _3\"></span>edla\u0107 koszt finansowania, jakie <span class=\"_ _2\"></span>by\u0142oby <span class=\"_ _2\"></span>zaci\u0105gni\u0119te na <span class=\"_ _2\"></span>zakup <span class=\"_ _2\"></span>przedmiotu podlegaj\u0105cego <span class=\"_ _2\"></span>leasing<span class=\"_ _3\"></span>owi. <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>kalkuluje <span class=\"_ _2\"></span>kra\u0144cowe stopy procentowe  dla  poszczeg\u00f3lnych  zakres\u00f3w  czasowych <span class=\"_ _146\"> </span>um\u00f3w  le<span class=\"_ _2\"></span>asingowych  w  okresach  kwartalnych  i <span class=\"_ _146\"> </span>stopa <span class=\"_ _146\"> </span>ta <span class=\"_ _146\"> </span>j<span class=\"_ _2\"></span>est wykorzystywana <span class=\"_ _5d\"> </span>do <span class=\"_ _64\"> </span>wyceny <span class=\"_ _64\"> </span>zobowi\u0105z<span class=\"_ _3\"></span>a\u0144 <span class=\"_ _64\"> </span>leasingowych <span class=\"_ _5d\"> </span>powstaj\u0105cych <span class=\"_ _5d\"> </span>z <span class=\"_ _64\"> </span>um\u00f3w <span class=\"_ _64\"> </span>leasingowych <span class=\"_ _5d\"> </span>zawartych <span class=\"_ _64\"> </span>lub zmodyfikowanych w <span class=\"_ _3\"></span>trakcie danego kw<span class=\"_ _3\"></span>arta\u0142u.  Poziom istotno\u015bci dla <span class=\"_ _3\"></span>identyfikacji leasing\u00f3w ak<span class=\"_ _3\"></span>tyw\u00f3w o niskiej w<span class=\"_ _3\"></span>arto\u015bci sk\u0142adnika bazo<span class=\"_ _3\"></span>wego wynosi 20 <span class=\"_ _3\"></span>000 PLN.<span class=\"ff1\"> </span>Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _181\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy  Grupa <span class=\"_ _2\"></span>dokonuje <span class=\"_ _53\"></span>wyceny <span class=\"_ _2\"></span>zapas\u00f3w <span class=\"_ _2\"></span>wed\u0142ug <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>nabycia <span class=\"_ _2\"></span>lub <span class=\"_ _53\"></span>kosztu wytworzenia <span class=\"_ _55\"> </span>nie <span class=\"_ _5e\"> </span>wy\u017cszych <span class=\"_ _55\"> </span>ni\u017c <span class=\"_ _55\"> </span>cena <span class=\"_ _5e\"> </span>sprzeda\u017cy <span class=\"_ _55\"> </span>pomniejszon<span class=\"_ _3\"></span>a o koszty <span class=\"_ _5d\"> </span>doko\u0144czenia <span class=\"_ _5d\"> </span>produkcji <span class=\"_ _5d\"> </span>i <span class=\"_ _64\"> </span>doprowadzenia <span class=\"_ _5d\"> </span>sprzeda\u017cy do skutku.  Ewentualna <span class=\"_ _74\"> </span>r\u00f3\u017cnica <span class=\"_ _74\"> </span>warto\u015bci  dot<span class=\"_ _3\"></span>ycz\u0105ca <span class=\"_ _74\"> </span>wyt<span class=\"_ _2\"></span>worzonych <span class=\"_ _1\"> </span>wy<span class=\"_ _2\"></span>rob\u00f3<span class=\"_ _3\"></span>w, stanowi <span class=\"_ _56\"> </span>odpis <span class=\"_ _56\"> </span>aktualizuj\u0105cy <span class=\"_ _61\"> </span>i <span class=\"_ _5b\"> </span>jest <span class=\"_ _56\"> </span>ujmowana <span class=\"_ _56\"> </span>w <span class=\"_ _56\"> </span>ko<span class=\"_ _2\"></span>szcie wytworzenia sprze<span class=\"_ _3\"></span>danych produkt\u00f3w.<span class=\"_ _3\"></span> Koszt <span class=\"_ _54\"> </span>wytworzenia <span class=\"_ _54\"> </span>zapasu<span class=\"_ _3\"></span> <span class=\"_ _54\"> </span>wyrob\u00f3w <span class=\"_ _54\"> </span>gotowych, <span class=\"_ _5a\"> </span>p\u00f3\u0142fabrykat\u00f3w i produkcji <span class=\"_ _69\"> </span>w <span class=\"_ _67\"> </span>to<span class=\"_ _2\"></span>ku <span class=\"_ _67\"> </span>obejmuje <span class=\"_ _67\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _67\"> </span>be<span class=\"_ _2\"></span>zpo\u015br<span class=\"_ _3\"></span>ednio <span class=\"_ _69\"> </span>zwi\u0105zane z produkcj\u0105 <span class=\"_ _5e\"> </span>produktu <span class=\"_ _5e\"> </span>oraz <span class=\"_ _5e\"> </span>odpowiednio <span class=\"_ _67\"> </span>prz<span class=\"_ _3\"></span>ypisane <span class=\"_ _5e\"> </span>zmienne i sta\u0142e <span class=\"_ _64\"> </span>ko<span class=\"_ _2\"></span>szty <span class=\"_ _64\"> </span>po\u015brednie <span class=\"_ _64\"> </span>produkcji. <span class=\"_ _62\"> </span>Sta\u0142e <span class=\"_ _64\"> </span>po\u015brednie <span class=\"_ _62\"> </span>k<span class=\"_ _3\"></span>oszty produkcji <span class=\"_ _14b\"> </span>przypisuje <span class=\"_ _14b\"> </span>si\u0119 <span class=\"_ _14b\"> </span>przyjmuj\u0105c <span class=\"_ _14b\"> </span>normalny <span class=\"_ _14b\"> </span>poziom<span class=\"_ _3\"></span> wykorzystania zdol<span class=\"_ _3\"></span>no\u015bci produkcyjnych<span class=\"_ _3\"></span>. Wyceny <span class=\"_ _5a\"> </span>bilansow<span class=\"_ _3\"></span>ej <span class=\"_ _5a\"> </span>rozchodu <span class=\"_ _59\"> </span>sk\u0142adnika <span class=\"_ _5a\"> </span>zapas\u00f3w <span class=\"_ _59\"> </span>dokonuje <span class=\"_ _5a\"> </span>si\u0119 wed\u0142ug <span class=\"_ _5a\"> </span>\u015bredniej <span class=\"_ _5a\"> </span>wa\u017conej <span class=\"_ _5a\"> </span>ceny<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>nabycia <span class=\"_ _5a\"> </span>oraz <span class=\"_ _5a\"> </span>\u015bredniowa\u017coneg<span class=\"_ _3\"></span>o rzeczywistego kosztu w<span class=\"_ _3\"></span>ytworzenia. Jako <span class=\"_ _0\"></span>zapasy <span class=\"_ _53\"></span>Grupa <span class=\"_ _0\"></span>klasyfikuje <span class=\"_ _0\"></span>r\u00f3wnie\u017c <span class=\"_ _53\"></span>awaryjne <span class=\"_ _0\"></span>cz\u0119\u015bci <span class=\"_ _0\"></span>zamien<span class=\"_ _3\"></span>ne, kt\u00f3re  nie<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>spe\u0142niaj\u0105  kryteri\u00f3w <span class=\"_ _57\"> </span>ujmowania  jako <span class=\"_ _57\"> </span>rzeczowe  aktywa trwa\u0142e <span class=\"_ _55\"> </span>zgodnie <span class=\"_ _55\"> </span>z <span class=\"_ _55\"> </span>MS<span class=\"_ _2\"></span>R <span class=\"_ _55\"> </span>16 <span class=\"_ _55\"> </span>par. <span class=\"_ _5e\"> </span>7 <span class=\"_ _55\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _54\"> </span>zgo<span class=\"_ _2\"></span>dnie <span class=\"_ _55\"> </span>z <span class=\"_ _55\"> </span>zasadami kapitalizacji <span class=\"_ _146\"> </span>istotnych <span class=\"_ _57\"> </span>cz\u0119\u015bci <span class=\"_ _57\"> </span>sk\u0142adowych <span class=\"_ _146\"> </span>przyj\u0119tych <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zasadach rachunkowo\u015bci <span class=\"_ _5d\"> </span>Jednostki <span class=\"_ _5d\"> </span>Dominuj\u0105cej, <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>kt\u00f3rych <span class=\"_ _5d\"> </span>okre\u015blono<span class=\"_ _3\"></span> warto\u015bciowy <span class=\"_ _59\"> </span>pr\u00f3g <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>ziomie <span class=\"_ _57\"> </span>co<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>najmniej <span class=\"_ _59\"> </span>300 <span class=\"_ _57\"> </span>ty<span class=\"_ _2\"></span>s. <span class=\"_ _59\"> </span>PLN, <span class=\"_ _59\"> </span>dla kt\u00f3rych to <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _2\"></span>zamiennych przeprowadza si\u0119 analiz\u0119 <span class=\"_ _2\"></span>pod k\u0105tem spe\u0142nienia <span class=\"_ _56\"> </span>kryteri\u00f3w <span class=\"_ _56\"> </span>kapitalizacji <span class=\"_ _56\"> </span>z <span class=\"_ _56\"> </span>MSR <span class=\"_ _56\"> </span>16. <span class=\"_ _5b\"> </span>W <span class=\"_ _56\"> </span>zwi\u0105zku z powy\u017cszym, <span class=\"_ _0\"></span>jako <span class=\"_ _0\"> </span>zapas <span class=\"_ _1\"> </span>ujmow<span class=\"_ _3\"></span>ane <span class=\"_ _0\"> </span>s<span class=\"_ _2\"></span>\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>szczeg\u00f3lno\u015bci <span class=\"_ _0\"></span>awaryjn<span class=\"_ _3\"></span>e cz\u0119\u015bci <span class=\"_ _5d\"> </span>zami<span class=\"_ _3\"></span>enne, <span class=\"_ _5d\"> </span>kt\u00f3ry<span class=\"_ _3\"></span>ch <span class=\"_ _5d\"> </span>war<span class=\"_ _3\"></span>to\u015b\u0107 <span class=\"_ _5d\"> </span>jest <span class=\"_ _69\"> </span>nieistotna <span class=\"_ _69\"> </span>b\u0105d\u017a <span class=\"_ _5d\"> </span>nie podlegaj\u0105  o<span class=\"_ _2\"></span>ne <span class=\"_ _146\"> </span>wymianom <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>regularnych <span class=\"_ _146\"> </span>odst\u0119pach <span class=\"_ _57\"> </span>czasu, <span class=\"_ _146\"> </span>lub kt\u00f3re, <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>zamontowaniu, <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>awari\u0105 <span class=\"_ _2\"></span>cz\u0119\u015bc<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>zamiennej w <span class=\"_ _59\"> </span>sk\u0142adniku <span class=\"_ _5a\"> </span>rzeczowych <span class=\"_ _59\"> </span>aktyw\u00f3w <span class=\"_ _5a\"> </span>trwa\u0142ych, <span class=\"_ _59\"> </span>nie <span class=\"_ _59\"> </span>przyczyni\u0105 <span class=\"_ _5a\"> </span>si\u0119 do uzyskania <span class=\"_ _5d\"> </span>wi\u0119kszych <span class=\"_ _5d\"> </span>korzy\u015bci <span class=\"_ _5d\"> </span>e<span class=\"_ _2\"></span>konomicznyc<span class=\"_ _3\"></span>h <span class=\"_ _5d\"> </span>z <span class=\"_ _64\"> </span>dalszego u\u017cytkowania <span class=\"_ _5d\"> </span>tego <span class=\"_ _64\"> </span>sk\u0142adnika, <span class=\"_ _5d\"> </span>od <span class=\"_ _64\"> </span>tych <span class=\"_ _64\"> </span>kt\u00f3re <span class=\"_ _64\"> </span>by\u0142y <span class=\"_ _64\"> </span>za\u0142o\u017c<span class=\"_ _3\"></span>one w momencie <span class=\"_ _5f\"> </span>pocz\u0105tkowego <span class=\"_ _5f\"> </span>uj\u0119cia <span class=\"_ _6b\"> </span>sk\u0142adnika <span class=\"_ _5f\"> </span>i <span class=\"_ _6b\"> </span>oddania do u\u017cytkowania. Ko<span class=\"_ _2\"></span>szty <span class=\"_ _2\"></span>takich <span class=\"_ _2\"></span>awaryjnych <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _53\"></span>zamienn<span class=\"_ _3\"></span>ych, <span class=\"_ _2\"></span>jako koszty  bie\u017c\u0105cego  utrzymania  aktyw\u00f3w,  ujmo<span class=\"_ _2\"></span>wane  s\u0105  w <span class=\"_ _146\"> </span>wyniku w momencie ich zu\u017cyc<span class=\"_ _3\"></span>ia. W <span class=\"_ _5e\"> </span>skonsolidowanym <span class=\"_ _55\"> </span>sprawozdaniu <span class=\"_ _55\"> </span>finansowym ilo\u015b\u0107 <span class=\"_ _60\"> </span>zapas\u00f3w <span class=\"_ _60\"> </span>Grupy <span class=\"_ _35\"> </span>Kapita\u0142owej <span class=\"_ _60\"> </span>KGHM INTERNATIONAL LT<span class=\"_ _3\"></span>D. <span class=\"_ _64\"> </span>powstaj\u0105cych <span class=\"_ _5d\"> </span>w <span class=\"_ _64\"> </span>procesie \u0142ugowania,  jest <span class=\"_ _57\"> </span>okre\u015blana  w oparciu <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span> szacowany<span class=\"_ _3\"></span> odzysk <span class=\"_ _14b\"> </span>metalu <span class=\"_ _14b\"> </span>z <span class=\"_ _14b\"> </span>rudy. <span class=\"_ _14b\"> </span>N<span class=\"_ _2\"></span>atura <span class=\"_ _14b\"> </span>procesu wyp\u0142ukiwania <span class=\"_ _74\"> </span>miedzi  z <span class=\"_ _74\"> </span>rudy  ogr<span class=\"_ _3\"></span>anicza  pr<span class=\"_ _3\"></span>ecyzyjne monitorowanie <span class=\"_ _55\"> </span>poziomu <span class=\"_ _5e\"> </span>zapas\u00f3w <span class=\"_ _5e\"> </span>powstaj\u0105cych<span class=\"_ _3\"></span> w wyniku <span class=\"_ _5e\"> </span>tego <span class=\"_ _5e\"> </span>procesu. <span class=\"_ _55\"> </span>W <span class=\"_ _5e\"> </span>kolejnych <span class=\"_ _5e\"> </span>okresach<span class=\"_ _3\"></span> sprawozdawczych,<span class=\"_ _3\"></span> <span class=\"_ _175\"> </span>dokonuje <span class=\"_ _175\"> </span>si\u0119 <span class=\"_ _175\"> </span>korekty szacowanego  w <span class=\"_ _74\"> </span>danym  okresie  spraw<span class=\"_ _3\"></span>ozdawczym odzysku <span class=\"_ _54\"> </span>miedzi <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>\u0142ugowan<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>rudy <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>poziomu produkcji osi\u0105gni\u0119<span class=\"_ _3\"></span>tej w kolejnym okresi<span class=\"_ _3\"></span>e. Na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>31 <span class=\"_ _59\"> </span>grudnia <span class=\"_ _5a\"> </span>2022 <span class=\"_ _5a\"> </span>r. <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _5a\"> </span>zapas\u00f3w ustalona <span class=\"_ _55\"> </span>pro<span class=\"_ _2\"></span>wizorycznie <span class=\"_ _55\"> </span>wynios\u0142a <span class=\"_ _5e\"> </span>38 <span class=\"_ _5e\"> </span>mln <span class=\"_ _5e\"> </span>PLN (na 31 grudnia <span class=\"_ _3\"></span>2021 r. 99 mln <span class=\"_ _3\"></span>PLN)<span class=\"_ _2\"></span>. Grupa <span class=\"_ _54\"> </span>dokonuje <span class=\"_ _54\"> </span>wyceny <span class=\"_ _54\"> </span>zapas\u00f3w <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>poziomie kosztu <span class=\"_ _64\"> </span>wytworz<span class=\"_ _3\"></span>enia, <span class=\"_ _64\"> </span>nie <span class=\"_ _5d\"> </span>wy\u017cszym <span class=\"_ _64\"> </span>jednak <span class=\"_ _5d\"> </span>od warto\u015bci <span class=\"_ _64\"> </span>netto <span class=\"_ _64\"> </span>mo\u017cliwej <span class=\"_ _64\"> </span>do <span class=\"_ _64\"> </span>uzyskania. <span class=\"_ _62\"> </span>Cen<span class=\"_ _3\"></span>\u0119 sprzeda\u017cy <span class=\"_ _54\"> </span>netto <span class=\"_ _54\"> </span>dla <span class=\"_ _54\"> </span>miedzi <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _54\"> </span>ko\u0144cz\u0105cy okres <span class=\"_ _74\"> </span>sprawozdawczy <span class=\"_ _1\"> </span>Grupa <span class=\"_ _74\"> </span>ustala <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>podstawie notowa\u0144 <span class=\"_ _53\"></span>cen <span class=\"_ _2\"></span>metalu <span class=\"_ _53\"></span>wg <span class=\"_ _2\"></span>krzywej <span class=\"_ _2\"></span>terminowej <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>LME (Londy\u0144skiej <span class=\"_ _0\"></span>Gie\u0142dy <span class=\"_ _0\"></span>Metali) <span class=\"_ _1\"> </span>usta<span class=\"_ _3\"></span>lonej <span class=\"_ _0\"> </span>dla <span class=\"_ _1\"> </span>miesi\u0119cy,<span class=\"_ _3\"></span> w <span class=\"_ _74\"> </span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _74\"> </span>b\u0119dzie <span class=\"_ _74\"> </span>nast\u0119<span class=\"_ _2\"></span>powa\u0142a <span class=\"_ _74\"> </span>sprzeda\u017c <span class=\"_ _74\"> </span>zapas\u00f3w miedzi.<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Zobowi\u0105zania <span class=\"_ _74\"> </span>wobec  dostaw<span class=\"_ _3\"></span>c\u00f3w <span class=\"_ _74\"> </span>i  podobne  pr<span class=\"_ _3\"></span>ezentowane <span class=\"_ _74\"> </span>w  sprawozdaniu <span class=\"_ _74\"> </span>z  sytuacji <span class=\"_ _74\"> </span>finansowej  zawieraj\u0105<span class=\"_ _3\"></span>  r\u00f3wnie\u017c<span class=\"_ _3\"></span> zobowi\u0105zania ha<span class=\"_ _3\"></span>ndlowe przekaza<span class=\"_ _3\"></span>ne do faktoringu d\u0142u\u017cneg<span class=\"_ _3\"></span>o, kt\u00f3re mieszcz\u0105 si\u0119 w <span class=\"_ _3\"></span>kategorii \u201epodobn<span class=\"_ _3\"></span>e\u201d.  Ponadto <span class=\"_ _2\"></span>pozycja <span class=\"_ _53\"></span>\u201ezobowi\u0105zania po<span class=\"_ _2\"></span>dobne\u201d <span class=\"_ _2\"></span>obejmuje <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ak\u017ce <span class=\"_ _2\"></span>zobowi\u0105zania <span class=\"_ _2\"></span>handlowe <span class=\"_ _53\"></span>wewn\u0105trz<span class=\"_ _3\"></span>grupowe <span class=\"_ _2\"></span>przekazane <span class=\"_ _53\"></span>przez<span class=\"_ _3\"></span> d\u0142u\u017cnika <span class=\"_ _57\"> </span>do <span class=\"_ _57\"> </span>faktora, <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>dniesieniu <span class=\"_ _146\"> </span>do <span class=\"_ _59\"> </span>kt\u00f3ry<span class=\"_ _3\"></span>ch <span class=\"_ _57\"> </span>wierzyciel <span class=\"_ _57\"> </span>otrzyma\u0142 <span class=\"_ _57\"> </span>p\u0142atno\u015b\u0107 <span class=\"_ _57\"> </span>od <span class=\"_ _57\"> </span>faktora. <span class=\"_ _57\"> </span>W momencie <span class=\"_ _57\"> </span>przekazania zobowi\u0105zania <span class=\"_ _74\"> </span>do  faktoringu <span class=\"_ _74\"> </span>d\u0142u\u017cnego <span class=\"_ _74\"> </span>Jednostka  D<span class=\"_ _3\"></span>ominuj\u0105ca  uj<span class=\"_ _3\"></span>muje  zobowi\u0105za<span class=\"_ _3\"></span>nie  w<span class=\"_ _3\"></span>obec  fakt<span class=\"_ _3\"></span>ora,  kt\u00f3ry <span class=\"_ _74\"> </span>  w <span class=\"_ _74\"> </span>zwi\u0105zku z dokonaniem <span class=\"_ _54\"> </span>subrogacji <span class=\"_ _54\"> </span>ustawowej <span class=\"_ _54\"> </span>wierzytelno\u015bci <span class=\"_ _55\"> </span>z <span class=\"_ _54\"> </span>prawnego <span class=\"_ _55\"> </span>punktu <span class=\"_ _54\"> </span>widzenia <span class=\"_ _54\"> </span>przejmuje <span class=\"_ _55\"> </span>prawa <span class=\"_ _54\"> </span>i <span class=\"_ _55\"> </span>obowi\u0105zki charakterystyczne dla <span class=\"_ _3\"></span>wierzytelno\u015bci handl<span class=\"_ _3\"></span>owych. Poniewa\u017c <span class=\"_ _0\"></span>faktoring <span class=\"_ _1\"> </span>d\u0142u\u017cny <span class=\"_ _1\"> </span>nie <span class=\"_ _0\"> </span>jest <span class=\"_ _1\"> </span>bezpo\u015brednio <span class=\"_ _0\"> </span>uregulowany <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>MSSF <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zwi\u0105zku <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>niejednoznacznym <span class=\"_ _0\"></span>charakterem transakcji <span class=\"_ _54\"> </span>ni<span class=\"_ _3\"></span>ezb\u0119dne <span class=\"_ _54\"> </span>by\u0142<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>dokonanie <span class=\"_ _5a\"> </span>przez <span class=\"_ _54\"> </span>Jednostk\u0119 <span class=\"_ _5a\"> </span>Dominuj\u0105c\u0105 <span class=\"_ _54\"> </span>istotnego <span class=\"_ _5a\"> </span>os\u0105du <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>zakresie <span class=\"_ _54\"> </span>prezentacji <span class=\"_ _5a\"> </span>sald zobowi\u0105za\u0144 oddanych <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>faktoringu w <span class=\"_ _2\"></span>sprawozdaniu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>sytuacji <span class=\"_ _2\"></span>finansowej <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz prezentacji <span class=\"_ _53\"></span>transak<span class=\"_ _3\"></span>cji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>sprawozdaniu <span class=\"_ _2\"></span>z przep\u0142yw\u00f3w pieni\u0119\u017cnych. Os\u0105d J<span class=\"_ _2\"></span>ednostki Dominuj\u0105cej zgodnie, z <span class=\"_ _2\"></span>kt\u00f3rym <span class=\"_ _2\"></span>prezentacja tych <span class=\"_ _2\"></span>sald w <span class=\"_ _2\"></span>sprawozdaniu z <span class=\"_ _2\"></span>sytuacji finansowej <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach <span class=\"_ _57\"> </span>pozycji <span class=\"_ _59\"> </span>\u201eZobowi\u0105zania <span class=\"_ _59\"> </span>wobec <span class=\"_ _59\"> </span>dostawc\u00f3w <span class=\"_ _57\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>podobne\u201d <span class=\"_ _59\"> </span>znalaz<span class=\"_ _3\"></span>\u0142 <span class=\"_ _59\"> </span>potwierdzenie <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>Interpretacji<span class=\"_ _3\"></span> Komitetu <span class=\"_ _2\"></span>Standard\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>grudnia <span class=\"_ _53\"></span>2020 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>wskazu<span class=\"_ _3\"></span>je, <span class=\"_ _2\"></span>\u017ce<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>termin <span class=\"_ _53\"></span>faktycznej <span class=\"_ _2\"></span>sp\u0142aty <span class=\"_ _2\"></span>zobowi\u0105za\u0144 <span class=\"_ _2\"></span>wobec dostawc\u00f3w <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>bj\u0119tych <span class=\"_ _74\"> </span>umowami <span class=\"_ _74\"> </span>fakto<span class=\"_ _2\"></span>ringu <span class=\"_ _74\"> </span>d\u0142u\u017cnego  j<span class=\"_ _3\"></span>est  d\u0142u\u017cs<span class=\"_ _3\"></span>zy  (do <span class=\"_ _74\"> </span>180  dni) <span class=\"_ _74\"> </span>od  terminu <span class=\"_ _74\"> </span>sp\u0142aty  zob<span class=\"_ _3\"></span>owi\u0105za\u0144  w<span class=\"_ _3\"></span>obec pozosta\u0142ych <span class=\"_ _0\"> </span>dostawc\u00f3w, <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _1\"> </span>zobowi\u0105zania <span class=\"_ _0\"></span>nie <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _1\"> </span>oddawane <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>faktoringu, <span class=\"_ _1\"> </span>kt\u00f3ry <span class=\"_ _1\"> </span>standar<span class=\"_ _3\"></span>dowo <span class=\"_ _1\"> </span>wynosi <span class=\"_ _1\"> </span>60 <span class=\"_ _1\"> </span>dni, <span class=\"_ _1\"> </span>co mo\u017ce  \u015bwiadczy\u0107  na  rzecz  zmiany  charak<span class=\"_ _3\"></span>teru  tych  zobowi\u0105za\u0144  z  handlowego  na  d\u0142u\u017cny.  J<span class=\"_ _3\"></span>ednak\u017ce  cecha  ta  zosta\u0142a<span class=\"_ _3\"></span> oceniona <span class=\"_ _146\"> </span>przez <span class=\"_ _57\"> </span>Jednostk\u0119 <span class=\"_ _57\"> </span>Dominuj\u0105c\u0105 <span class=\"_ _146\"> </span>za <span class=\"_ _57\"> </span>niewystarczaj\u0105c\u0105, <span class=\"_ _146\"> </span>aby <span class=\"_ _57\"> </span>uzna\u0107, <span class=\"_ _57\"> </span>\u017ce <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>momencie <span class=\"_ _57\"> </span>przekazania <span class=\"_ _146\"> </span>zo<span class=\"_ _2\"></span>bowi\u0105zania<span class=\"_ _3\"></span> handlowego <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>faktoringu <span class=\"_ _0\"></span>d\u0142u\u017cnego <span class=\"_ _53\"></span>nast\u0105pi\u0142a <span class=\"_ _0\"></span>ca\u0142kowita <span class=\"_ _53\"></span>zmiana <span class=\"_ _0\"></span>charakteru <span class=\"_ _53\"></span>zobowi\u0105zania. <span class=\"_ _0\"></span>Poza <span class=\"_ _53\"></span>powy\u017cszym <span class=\"_ _0\"></span>kryterium,<span class=\"_ _3\"></span> \u017cadne <span class=\"_ _0\"> </span>i<span class=\"_ _2\"></span>nne <span class=\"_ _0\"></span>warunki <span class=\"_ _1\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144 <span class=\"_ _1\"> </span>obj\u0119tych <span class=\"_ _0\"> </span>f<span class=\"_ _2\"></span>aktoringi<span class=\"_ _3\"></span>em <span class=\"_ _1\"> </span>d\u0142u\u017cnym<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>r\u00f3\u017cni\u0105 <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _0\"></span>od <span class=\"_ _1\"> </span>warunk\u00f3w <span class=\"_ _0\"></span>pozosta\u0142ych <span class=\"_ _1\"> </span>zob<span class=\"_ _3\"></span>owi\u0105za\u0144 handlowych.  Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Jednostka <span class=\"_ _0\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>trakcie <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>kresu <span class=\"_ _0\"></span>zako\u0144czonego <span class=\"_ _53\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _53\"></span>2019 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>wdro\u017cy\u0142a <span class=\"_ _0\"></span>faktoring <span class=\"_ _0\"></span>d\u0142u\u017cny <span class=\"_ _53\"></span>(dalsze <span class=\"_ _0\"></span>info<span class=\"_ _2\"></span>rmacje<span class=\"_ _3\"></span> przedstawiono w N<span class=\"_ _3\"></span>ocie 10.3). Poniewa\u017c <span class=\"_ _59\"> </span>praktyka <span class=\"_ _59\"> </span>rynkowa <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>zakresie <span class=\"_ _59\"> </span>prezentacji <span class=\"_ _59\"> </span>transakcji<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>faktoringu <span class=\"_ _59\"> </span>d\u0142u\u017cnego <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>sprawozdaniu <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>przep\u0142yw\u00f3w<span class=\"_ _3\"></span> pieni\u0119\u017cnych nie jest jednolita, konieczne by\u0142o dokonanie przez Zarz\u0105d os\u0105du w tym obszarze. W przypadku tych <span class=\"_ _2\"></span>transakcj<span class=\"_ _3\"></span>i Jednostka <span class=\"_ _57\"> </span>Dominuj\u0105ca  musia\u0142a <span class=\"_ _57\"> </span>dokona\u0107 <span class=\"_ _57\"> </span>oceny, <span class=\"_ _57\"> </span>czy <span class=\"_ _57\"> </span>wydatki <span class=\"_ _146\"> </span>zwi\u0105zane <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>p\u0142atno<span class=\"_ _2\"></span>\u015bciami  do<span class=\"_ _2\"></span>kona<span class=\"_ _3\"></span>nymi <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>rzecz <span class=\"_ _57\"> </span>faktora powinny <span class=\"_ _2\"></span>by\u0107 <span class=\"_ _53\"></span>zaklasyfikowan<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>przep\u0142yw\u00f3w <span class=\"_ _2\"></span>pieni\u0119\u017cnych <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>dzia\u0142alno\u015bci <span class=\"_ _2\"></span>operacyjnej <span class=\"_ _2\"></span>czy <span class=\"_ _53\"></span>te\u017c <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>przep\u0142yw\u00f3w <span class=\"_ _2\"></span>z dzia\u0142alno\u015bci<span class=\"_ _3\"></span> finansowej  w  r<span class=\"_ _3\"></span>amach  spr<span class=\"_ _3\"></span>awozdania  z <span class=\"_ _74\"> </span>przep\u0142yw\u00f3w  pieni\u0119\u017cnyc<span class=\"_ _3\"></span>h.  Zgodnie  z <span class=\"_ _74\"> </span>MSR7.11  jedn<span class=\"_ _3\"></span>ostka  powinna  pr<span class=\"_ _3\"></span>ezentowa\u0107 przep\u0142ywy <span class=\"_ _53\"></span>pieni\u0119\u017cne <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>dzia\u0142alno\u015bci <span class=\"_ _53\"></span>operacyjnej, <span class=\"_ _53\"></span>inwestycyjnej <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>finansowej <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>spos\u00f3b <span class=\"_ _53\"></span>najbardziej <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>dpowiedni <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>rodzaju prowadzonej <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci, <span class=\"_ _1\"> </span>gdy\u017c <span class=\"_ _1\"> </span>informacja <span class=\"_ _1\"> </span>ta <span class=\"_ _74\"> </span>dostarcza <span class=\"_ _1\"> </span>u\u017cytkownikom <span class=\"_ _1\"> </span>sprawozda\u0144 <span class=\"_ _1\"> </span>finansowych <span class=\"_ _1\"> </span>dane <span class=\"_ _74\"> </span>pozwalaj\u0105ce <span class=\"_ _1\"> </span>na dokonanie <span class=\"_ _0\"></span>oceny <span class=\"_ _0\"></span>wp\u0142ywu <span class=\"_ _0\"> </span>tych\u017ce <span class=\"_ _0\"> </span>dzia\u0142alno\u015bci <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>sytuacj\u0119 <span class=\"_ _0\"></span>finansow\u0105 <span class=\"_ _0\"></span>jednostki <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>kwot\u0119 <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _0\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>i ich<span class=\"_ _3\"></span> ekwiwalent\u00f3w. W zwi\u0105zku z<span class=\"_ _3\"></span> powy\u017cszym w ocenie Jedn<span class=\"_ _3\"></span>ostki Dominuj\u0105cej: -<span class=\"ff8\"> <span class=\"_ _5f\"> </span></span>prezentacja <span class=\"_ _1\"> </span>sp\u0142aty <span class=\"_ _1\"> </span>kwoty <span class=\"_ _1\"> </span>wie<span class=\"_ _2\"></span>rzytelno\u015bci <span class=\"_ _0\"></span>podstawowej <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ramach <span class=\"_ _1\"> </span>fakto<span class=\"_ _2\"></span>ringu <span class=\"_ _0\"> </span>d\u0142<span class=\"_ _2\"></span>u\u017cnego <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>przep\u0142ywach <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci operacyjnej <span class=\"_ _59\"> </span>jest <span class=\"_ _57\"> </span>zgodna <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>celem <span class=\"_ _57\"> </span>poszczeg\u00f3lnych <span class=\"_ _59\"> </span>element<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _59\"> </span>transakcji <span class=\"_ _59\"> </span> <span class=\"_ _59\"> </span>i <span class=\"_ _57\"> </span>sp\u00f3jna <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>prezent<span class=\"_ _3\"></span>acj\u0105 <span class=\"_ _59\"> </span>tych <span class=\"_ _59\"> </span>transakcji<span class=\"_ _3\"></span> w sprawozdaniu <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>sytuacji <span class=\"_ _74\"> </span>finansowej. <span class=\"_ _1\"> </span>W <span class=\"_ _74\"> </span>przypadku <span class=\"_ _74\"> </span>dokonania<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>subrogacji <span class=\"_ _74\"> </span>ustawowej <span class=\"_ _1\"> </span>wierzytelno\u015bci <span class=\"_ _1\"> </span>przez <span class=\"_ _74\"> </span>faktora z prawnego <span class=\"_ _59\"> </span>punktu <span class=\"_ _57\"> </span>widzenia <span class=\"_ _59\"> </span>przejmuje <span class=\"_ _59\"> </span>on praw<span class=\"_ _3\"></span>a <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>obowi\u0105zki <span class=\"_ _59\"> </span>charakterystyczn<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>dla wierzytelno\u015bci <span class=\"_ _57\"> </span>handlowych. Jedynie  przep\u0142yw<span class=\"_ _3\"></span>y  wynikaj\u0105ce  z<span class=\"_ _3\"></span>e  sp\u0142aty  kw<span class=\"_ _3\"></span>ot  wierzytelno\u015bci  p<span class=\"_ _3\"></span>odstawowych,  po<span class=\"_ _3\"></span>chodz\u0105cych  z <span class=\"_ _74\"> </span>zobowi\u0105za\u0144  z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u zakupu, <span class=\"_ _53\"></span>budowy <span class=\"_ _0\"></span>\u015br<span class=\"_ _3\"></span>odk\u00f3w <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>rwa\u0142ych <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _0\"></span>niema<span class=\"_ _3\"></span>terialnych <span class=\"_ _53\"></span>prezentowane <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>ramach <span class=\"_ _53\"></span>dzia\u0142alno\u015bc<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>inwest<span class=\"_ _3\"></span>ycyjnej (dalsze informacj<span class=\"_ _3\"></span>e przedstawiono w <span class=\"_ _3\"></span>Nocie 10.3),   -<span class=\"ff8\"> <span class=\"_ _5f\"> </span></span>natomiast <span class=\"_ _59\"> </span>aspekt <span class=\"_ _59\"> </span>finansowy <span class=\"_ _59\"> </span>zwi\u0105zany <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>transakcj\u0105 <span class=\"_ _59\"> </span>faktoringu <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>wskazany <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>prezentacji <span class=\"_ _59\"> </span>odsetek <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach dzia\u0142alno\u015bci f<span class=\"_ _2\"></span>inansowej<span class=\"_ _3\"></span>. <span class=\"_ _2\"></span>Jest <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>sp\u00f3jne <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>ujmowaniem tych <span class=\"_ _2\"></span>odsetek <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kosztach <span class=\"_ _2\"></span>finansowych w <span class=\"_ _2\"></span>sprawozdaniu z <span class=\"_ _2\"></span>wyniku zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>przyj\u0119t\u0105 <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>Jednostk\u0119 <span class=\"_ _0\"></span>Dominuj\u0105c\u0105 <span class=\"_ _1\"> </span>polityk\u0105 <span class=\"_ _0\"></span>rachunkowo\u015bci <span class=\"_ _0\"></span>prezentacji <span class=\"_ _1\"> </span>koszt\u00f3w <span class=\"_ _0\"></span>odsetek <span class=\"_ _1\"> </span>od <span class=\"_ _1\"> </span>faktoringu<span class=\"_ _3\"></span> d\u0142u\u017cnego w dzia<span class=\"_ _3\"></span>\u0142alno\u015bci finansowej. Wa\u017cne oszacowani<span class=\"_ _3\"></span>a i za\u0142o\u017cenia<span class=\"_ _3\"></span> Zobowi\u0105zanie  bilansowe  z  tyt<span class=\"_ _2\"></span>u\u0142u  przysz\u0142ych  \u015bwiadcze\u0144 <span class=\"_ _146\"> </span>pracowniczych  r\u00f3wne  jes<span class=\"_ _2\"></span>t  warto\u015bci  bie\u017c\u0105cej <span class=\"_ _146\"> </span>zobowi\u0105zania  z <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>kre\u015bl<span class=\"_ _3\"></span>onych <span class=\"_ _1\"> </span>\u015bwiadcze\u0144. <span class=\"_ _1\"> </span>Wyso<span class=\"_ _2\"></span>ko\u015b\u0107 <span class=\"_ _1\"> </span>zobowi\u0105zania <span class=\"_ _1\"> </span>zale\u017cy <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>wielu <span class=\"_ _74\"> </span>czynnik\u00f3w, <span class=\"_ _1\"> </span>kt\u00f3<span class=\"_ _2\"></span>re <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>wykorzystywane <span class=\"_ _1\"> </span>jako za\u0142o\u017cenia <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>metodzie <span class=\"_ _53\"></span>aktuarialnej. <span class=\"_ _2\"></span>Wszelkie <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>za\u0142o\u017ce\u0144 <span class=\"_ _53\"></span>maj\u0105<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>wp\u0142yw <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>bilansow\u0105 <span class=\"_ _2\"></span>zobowi\u0105zania. <span class=\"_ _2\"></span>Je<span class=\"_ _2\"></span>dnym  z  podstawowych  za\u0142o\u017ce\u0144  dla  ustalenia  wysoko\u015bci  zobowi\u0105zani<span class=\"_ _3\"></span>a  jest  st<span class=\"_ _2\"></span>opa  dyskontowa.  Na  dzie\u0144  ko\u0144cz\u0105cy  okres<span class=\"_ _3\"></span> sprawozdawczy <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>oparciu <span class=\"_ _54\"> </span>o <span class=\"_ _54\"> </span>opini\u0119 <span class=\"_ _5a\"> </span>niezale\u017cnego <span class=\"_ _54\"> </span>aktuariusz<span class=\"_ _3\"></span>a <span class=\"_ _54\"> </span>przyjmuje <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>odpowiedni\u0105 <span class=\"_ _5a\"> </span>sto<span class=\"_ _2\"></span>p\u0119 <span class=\"_ _54\"> </span>dyskonta <span class=\"_ _5a\"> </span>dla podmiot\u00f3w <span class=\"_ _146\"> </span>G<span class=\"_ _2\"></span>rupy  Kapita\u0142owej, <span class=\"_ _146\"> </span>przy <span class=\"_ _57\"> </span>u\u017cyciu <span class=\"_ _57\"> </span>kt\u00f3<span class=\"_ _2\"></span>rej <span class=\"_ _57\"> </span>ustala <span class=\"_ _146\"> </span>si\u0119<span class=\"_ _2\"></span>  warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _57\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _146\"> </span>szacowanych <span class=\"_ _146\"> </span>przysz\u0142ych <span class=\"_ _57\"> </span>wyp\u0142yw\u00f3w pieni\u0119\u017cnych  z  tytu\u0142u  tych  \u015bwiadcze\u0144. Przy  ustalaniu  stopy  dyskont<span class=\"_ _3\"></span>owej  dla  okresu  sprawozdawczego  aktuarius<span class=\"_ _3\"></span>z stosuje <span class=\"_ _5a\"> </span>dost\u0119pne <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>dat\u0119 <span class=\"_ _5a\"> </span>bilansow\u0105 <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>rentowno\u015bci <span class=\"_ _5a\"> </span>obligacji <span class=\"_ _5a\"> </span>Skarbu <span class=\"_ _54\"> </span>Pa\u0144<span class=\"_ _3\"></span>stwa <span class=\"_ _5a\"> </span>o <span class=\"_ _54\"> </span>zapada<span class=\"_ _3\"></span>lno\u015bci <span class=\"_ _5a\"> </span>zbli\u017conej do \u015bredniej zapadaln<span class=\"_ _3\"></span>o\u015bci wycenia<span class=\"_ _3\"></span>nych \u015bwiadcze\u0144. Pozosta\u0142e <span class=\"_ _59\"> </span>za\u0142o\u017cenia <span class=\"_ _5a\"> </span>makroeko<span class=\"_ _3\"></span>nomiczne <span class=\"_ _59\"> </span>wyko<span class=\"_ _2\"></span>rzystywan<span class=\"_ _3\"></span>e <span class=\"_ _5a\"> </span>dla <span class=\"_ _59\"> </span>wyceny <span class=\"_ _5a\"> </span>zobowi\u0105za\u0144 <span class=\"_ _59\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>przysz\u0142ych <span class=\"_ _5a\"> </span>\u015bwiadcze\u0144 pracowniczych, takie jak<span class=\"_ _3\"></span> stopa inflacji czy na<span class=\"_ _3\"></span>jni\u017csze wynagrodzen<span class=\"_ _3\"></span>ie, oparte s\u0105 <span class=\"_ _3\"></span>na obecnych warun<span class=\"_ _3\"></span>kach rynkowych.  Zgodnie <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>MSR <span class=\"_ _74\"> </span>19 <span class=\"_ _74\"> </span>par. <span class=\"_ _74\"> </span>78 <span class=\"_ _1\"> </span>za\u0142o<span class=\"_ _2\"></span>\u017cenia <span class=\"_ _74\"> </span>aktuarialne <span class=\"_ _74\"> </span>przyj\u0119te <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>cel\u00f3w <span class=\"_ _74\"> </span>wyceny <span class=\"_ _74\"> </span>\u015bwiadcze\u0144 <span class=\"_ _74\"> </span>pracowniczych <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>Grupie <span class=\"_ _74\"> </span>s\u0105 sp\u00f3jne, <span class=\"_ _67\"> </span>gdy\u017c <span class=\"_ _67\"> </span>o<span class=\"_ _2\"></span>dzwierciedlaj\u0105 <span class=\"_ _67\"> </span>relacje <span class=\"_ _67\"> </span>ekonomiczne <span class=\"_ _67\"> </span>pomi\u0119dzy <span class=\"_ _67\"> </span>t<span class=\"_ _2\"></span>akimi <span class=\"_ _67\"> </span>czynnikami <span class=\"_ _67\"> </span>jak <span class=\"_ _69\"> </span>inflacja, <span class=\"_ _67\"> </span>stopa <span class=\"_ _67\"> </span>wzrostu wynagrodze\u0144, <span class=\"_ _59\"> </span>stopa <span class=\"_ _59\"> </span>dy<span class=\"_ _2\"></span>skonta <span class=\"_ _59\"> </span>oraz <span class=\"_ _5a\"> </span>stopa <span class=\"_ _59\"> </span>wzrostu <span class=\"_ _5a\"> </span>cen <span class=\"_ _59\"> </span>w\u0119gla. <span class=\"_ _59\"> </span>Do<span class=\"_ _2\"></span>datkowa <span class=\"_ _59\"> </span>analiza <span class=\"_ _59\"> </span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _59\"> </span>przygotowana <span class=\"_ _59\"> </span>przez Jednostk\u0119 Dominuj\u0105c\u0105 wykaza\u0142a, \u017ce saldo rezerw uzyskane przy p<span class=\"_ _2\"></span>rzyj\u0119tych za\u0142o\u017ceniach wzrostu wynagrodze\u0144 i wzrostu ceny <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _2\"></span>mo\u017cna <span class=\"_ _53\"></span>uzyska\u0107 <span class=\"_ _2\"></span>przy <span class=\"_ _53\"></span>alternatywnych <span class=\"_ _2\"></span>\u015bcie\u017ckach <span class=\"_ _2\"></span>wzrostu <span class=\"_ _53\"></span>wynagrodze\u0144 <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>poziomie <span class=\"_ _2\"></span>6,0% <span class=\"_ _53\"></span>oraz <span class=\"_ _2\"></span>wzrostu <span class=\"_ _53\"></span>ceny w\u0119gla <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>poziomie <span class=\"_ _0\"></span>6,25%. <span class=\"_ _53\"></span>Bior\u0105c <span class=\"_ _0\"></span>pod <span class=\"_ _0\"></span>uwag\u0119 <span class=\"_ _53\"></span>przyj\u0119t\u0105 <span class=\"_ _0\"></span>stop\u0119 <span class=\"_ _53\"></span>dyskonta <span class=\"_ _0\"></span>finans<span class=\"_ _3\"></span>owego <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>poziomie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>6,75% <span class=\"_ _53\"></span>nale\u017cy <span class=\"_ _0\"></span>uzna\u0107, \u017ce przyj\u0119te do wyc<span class=\"_ _3\"></span>eny za\u0142o\u017cenia pozostaj\u0105 <span class=\"_ _3\"></span>sp\u00f3jne zgodnie z M<span class=\"_ _3\"></span>SR 19 par. 7<span class=\"_ _3\"></span>8. Za\u0142o\u017cenia przyj\u0119te d<span class=\"_ _3\"></span>o wyceny na 3<span class=\"_ _3\"></span>1 grudnia 2022 <span class=\"_ _3\"></span>r. zosta\u0142y przedstawione w Noc<span class=\"_ _3\"></span>ie 11.2. Wra\u017cliwo\u015b\u0107 <span class=\"_ _1\"> </span>zobowi\u0105za\u0144 <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _1\"> </span>przysz\u0142ych <span class=\"_ _1\"> </span>\u015bwiadcze\u0144 <span class=\"_ _74\"> </span>pracowni<span class=\"_ _3\"></span>czych <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>zmiany <span class=\"_ _1\"> </span>za\u0142o\u017ce\u0144 <span class=\"_ _74\"> </span>zosta\u0142a <span class=\"_ _1\"> </span>ustalona <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>salda zobowi\u0105za\u0144 <span class=\"_ _54\"> </span>Jednostki <span class=\"_ _54\"> </span>Dominuj\u0105cej <span class=\"_ _54\"> </span>(saldo <span class=\"_ _54\"> </span>zobowi\u0105za\u0144 <span class=\"_ _54\"> </span>Jednostki <span class=\"_ _54\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _54\"> </span>stanowi <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>bie\u017c\u0105cym <span class=\"_ _55\"> </span>roku <span class=\"_ _54\"> </span>91%, a w poprzednim 88% ca\u0142o<span class=\"_ _2\"></span>\u015bci salda zobowi\u0105za\u0144 Grupy Kapita\u0142owej). W pozosta\u0142ych sp\u00f3\u0142kach Grupy Kapita\u0142owej, z uwagi na <span class=\"_ _2\"></span>nieistotne <span class=\"_ _2\"></span>salda <span class=\"_ _2\"></span>zobowi\u0105za<span class=\"_ _3\"></span>\u0144 <span class=\"_ _2\"></span>z tego <span class=\"_ _2\"></span>tytu\u0142u, <span class=\"_ _2\"></span>wp\u0142yw <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>podstawowych parametr\u00f3w <span class=\"_ _2\"></span>przyj\u0119tyc<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>kalkulacji <span class=\"_ _2\"></span>rezerw na <span class=\"_ _59\"> </span>wysoko\u015b\u0107 <span class=\"_ _59\"> </span>salda <span class=\"_ _59\"> </span>zob<span class=\"_ _3\"></span>owi\u0105za\u0144 <span class=\"_ _59\"> </span>z tytu\u0142u <span class=\"_ _59\"> </span>przysz<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _59\"> </span>\u015bwiadcze\u0144 <span class=\"_ _57\"> </span>pracowniczych <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>skonsolidowanym <span class=\"_ _57\"> </span>sprawozdaniu finansowym by\u0142by ni<span class=\"_ _3\"></span>eistotny. Wp\u0142yw zmian w<span class=\"_ _3\"></span>ska\u017anik\u00f3w na saldo z<span class=\"_ _3\"></span>obowi\u0105za\u0144 (Jednostki <span class=\"_ _3\"></span>Dominuj\u0105cej) Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>wzrost stopy dysk<span class=\"_ _3\"></span>onta o 1 p. p. (231)<span class=\"_ _192\"> </span>(242)<span class=\"_ _192\"> </span>obni\u017cenie stopy dysk<span class=\"_ _3\"></span>onta o 1 p. p. <span class=\"_ _f2\"> </span>278<span class=\"_ _192\"> </span>308<span class=\"_ _192\"> </span>wzrost o 1 p. p. <span class=\"_ _3\"></span>wska\u017anika wzrostu cen w<span class=\"_ _3\"></span>\u0119gla i wska\u017anika wz<span class=\"_ _3\"></span>rostu wynagrodze\u0144 299<span class=\"_ _192\"> </span>228<span class=\"_ _192\"> </span>obni\u017cenie o 1 p. <span class=\"_ _3\"></span>p.  wska\u017anika wz<span class=\"_ _3\"></span>rostu cen w\u0119gla i wska\u017anika wz<span class=\"_ _3\"></span>rostu wynagrodze\u0144 (227)<span class=\"_ _192\"> </span>(177)<span class=\"_ _192\"> </span><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:709.9165px;\">G\u0142\u00f3wne  za\u0142o\u017cenia <span class=\"_ _3\"></span>aktuarialne (Jednostki D<span class=\"_ _3\"></span>ominuj\u0105cej) przyj\u0119<span class=\"_ _3\"></span>te dla cel\u00f3w wyceny n<span class=\"_ _3\"></span>a 31 grudnia 2022<span class=\"_ _3\"></span> r.:  </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:269.73236px; bottom:687.7645px;\">2023<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:343.67633px; bottom:687.7645px;\">2024<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:417.76517px; bottom:687.7645px;\">2025<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:491.25226px; bottom:687.7645px;\">2026<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:694.78455px;\">2027 i </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:540.8602px; bottom:680.58856px;\">nast\u0119pne</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:664.20856px;\"> - stopa dyskonta<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:264.26065px; bottom:664.20856px;\">6,75%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:337.90433px; bottom:664.20856px;\">6,75%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:412.0045px; bottom:664.20856px;\">6,75%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:664.20856px;\">6,75%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:664.20856px;\">6,75%</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:647.98456px;\"> - stopa wzrostu c<span class=\"_ _3\"></span>en w\u0119gla* </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.02002px; bottom:647.98456px;\">87,90%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:337.90433px; bottom:647.98456px;\">5,90%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:412.0045px; bottom:647.98456px;\">3,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:647.98456px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:647.98456px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"c w1a h2e\" style=\"left:2.348465px; bottom:629.26544px;\"><div class=\"t m4 x10 h8 yb93 ff2 fs6 fc0 sc0 ls0 ws0\">-<span class=\"_ _192\"> </span></div></div><div class=\"c w1a7 h2e\" style=\"left:7.9644623px; bottom:629.26544px;\"><div class=\"t m4 x10 h8 yb93 ff2 fs6 fc0 sc0 ls0 ws0\">stopa wzrostu najni\u017csz<span class=\"_ _3\"></span>ego </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:618.1886px;\">   wynagrodzenia<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.02002px; bottom:625.36456px;\">19,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:337.90433px; bottom:625.36456px;\">5,70%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:412.0045px; bottom:625.36456px;\">5,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:625.36456px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:625.36456px;\">4,00%</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:602.74457px;\"> - przewidywana inf<span class=\"_ _3\"></span>lacja </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.02002px; bottom:602.74457px;\">13,10%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:337.90433px; bottom:602.74457px;\">5,90%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:412.0045px; bottom:602.74457px;\">3,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:602.74457px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:602.74457px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"c w1a h2e\" style=\"left:2.348465px; bottom:584.02545px;\"><div class=\"t m4 x10 h8 y1a8d ff2 fs6 fc0 sc0 ls0 ws0\">-<span class=\"_ _192\"> </span></div></div><div class=\"c w1a8 h2e\" style=\"left:7.9644623px; bottom:584.02545px;\"><div class=\"t m4 x10 h8 y1a8d ff2 fs6 fc0 sc0 ls0 ws0\">przewidywany prz<span class=\"_ _3\"></span>ysz\u0142y wzrost</div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:572.9486px;\">    wynagrodze\u0144<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.02002px; bottom:580.1246px;\">16,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:337.90433px; bottom:580.1246px;\">9,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:412.0045px; bottom:580.1246px;\">5,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:580.1246px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:580.1246px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:555.63257px;\">* <span class=\"_ _2\"></span><span class=\"ff3\">Wzros<span class=\"_ _2\"></span>t <span class=\"_ _53\"></span>cen <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _53\"></span>2023 <span class=\"_ _53\"></span>podan<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>ako <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>arto\u015b\u0107 <span class=\"_ _53\"></span>\u015bredni\u0105<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>dl<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>ws<span class=\"_ _2\"></span>zystkich <span class=\"_ _53\"></span>Oddzia<span class=\"_ _2\"></span>\u0142\u00f3w <span class=\"_ _53\"></span>Jednostki <span class=\"_ _53\"></span>Dominu<span class=\"_ _2\"></span>j\u0105cej. <span class=\"_ _53\"></span>Na <span class=\"_ _2\"></span>kon<span class=\"_ _2\"></span>iec <span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>oku <span class=\"_ _2\"></span>20<span class=\"_ _2\"></span>22 <span class=\"_ _53\"></span>ceny <span class=\"_ _53\"></span>w\u0119gla </span></div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:543.3086px;\">w poszcze<span class=\"_ _2\"></span>g\u00f3lnych <span class=\"_ _0\"> </span>Odd<span class=\"_ _2\"></span>zia\u0142ach <span class=\"_ _0\"> </span>stano<span class=\"_ _2\"></span>wi\u0105ce <span class=\"_ _0\"></span>podstaw<span class=\"_ _2\"></span>\u0119 <span class=\"_ _0\"></span>dla <span class=\"_ _0\"> </span>usta<span class=\"_ _2\"></span>lenia <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"> </span>by\u0142<span class=\"_ _2\"></span>y <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>przedzi<span class=\"_ _2\"></span>ale <span class=\"_ _0\"></span>996,60 <span class=\"_ _0\"></span>PLN/t <span class=\"_ _0\"> </span>\u2013 <span class=\"_ _0\"> </span>1 <span class=\"_ _2\"></span>792,00 <span class=\"_ _0\"></span>PLN/t <span class=\"_ _0\"> </span>\u2013 <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _0\"> </span>2023 </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:530.8286px;\">nast\u0105pi<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>wyr\u00f3wnanie<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>ceny <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>jednolitego<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>2 150 <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>za<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>ton\u0119, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _53\"></span>2024 <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>nast\u0119p<span class=\"_ _2\"></span>nych <span class=\"_ _53\"></span>lata<span class=\"_ _2\"></span>ch <span class=\"_ _53\"></span>stopa <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>zrostu <span class=\"_ _53\"></span>cen<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>w\u0119gla <span class=\"_ _53\"></span>zost<span class=\"_ _2\"></span>a\u0142a </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:518.50464px;\">przyj\u0119ta<span class=\"_ _2\"></span> na poziomie p<span class=\"_ _2\"></span>rzewidywanej i<span class=\"_ _2\"></span>nflacji.<span class=\"ff2\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:490.58063px;\">G\u0142\u00f3wne  za\u0142o\u017cenia <span class=\"_ _3\"></span>aktuarialne (Jednostki D<span class=\"_ _3\"></span>ominuj\u0105cej) przyj\u0119<span class=\"_ _3\"></span>te dla cel\u00f3w wyceny n<span class=\"_ _3\"></span>a 31 grudnia 2021<span class=\"_ _3\"></span> r.: </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:271.13635px; bottom:469.36462px;\">2022<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:343.67633px; bottom:469.36462px;\">2023<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:417.76517px; bottom:469.36462px;\">2024<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:491.25226px; bottom:469.36462px;\">2025<span class=\"_ _192\"> </span></div><div class=\"c w13b h2e\" style=\"left:560.0482px; bottom:473.26544px;\"><div class=\"t m4 x10 h8 y14f1 ff1 fs6 fc2 sc0 ls0 ws0\">2026 i </div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:540.8602px; bottom:462.18866px;\">nast\u0119pne</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:446.74463px;\"> - stopa dyskonta<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:266.30035px; bottom:446.74463px;\">3,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:339.9323px; bottom:446.74463px;\">3,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:413.2525px; bottom:446.74463px;\">3,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:446.74463px;\">3,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:446.74463px;\">3,60%</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:430.52063px;\"> - stopa wzrostu c<span class=\"_ _3\"></span>en w\u0119gla* </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:259.59235px; bottom:430.52063px;\">10,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:339.9323px; bottom:430.52063px;\">3,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:413.2525px; bottom:430.52063px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:430.52063px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:430.52063px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"c w1a h2e\" style=\"left:2.348465px; bottom:411.80145px;\"><div class=\"t m4 x10 h8 y896 ff2 fs6 fc0 sc0 ls0 ws0\">-<span class=\"_ _192\"> </span></div></div><div class=\"c w1a7 h2e\" style=\"left:7.9644623px; bottom:411.80145px;\"><div class=\"t m4 x10 h8 y896 ff2 fs6 fc0 sc0 ls0 ws0\">stopa wzrostu najni\u017csz<span class=\"_ _3\"></span>ego </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:400.72467px;\">   wynagrodzenia<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:266.30035px; bottom:407.90063px;\">7,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:339.9323px; bottom:407.90063px;\">5,10%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:413.2525px; bottom:407.90063px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:407.90063px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:407.90063px;\">4,00%</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:385.28064px;\"> - przewidywana inf<span class=\"_ _3\"></span>lacja </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:266.30035px; bottom:385.28064px;\">7,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:339.9323px; bottom:385.28064px;\">3,60%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:413.2525px; bottom:385.28064px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:385.28064px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:385.28064px;\">2,50%<span class=\"_ _192\"> </span></div><div class=\"c w1a h2e\" style=\"left:2.348465px; bottom:366.56146px;\"><div class=\"t m4 x10 h8 y10db ff2 fs6 fc0 sc0 ls0 ws0\">-<span class=\"_ _192\"> </span></div></div><div class=\"c w1a8 h2e\" style=\"left:7.9644623px; bottom:366.56146px;\"><div class=\"t m4 x10 h8 y10db ff2 fs6 fc0 sc0 ls0 ws0\">przewidywany prz<span class=\"_ _3\"></span>ysz\u0142y wzrost</div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:355.48468px;\">    wynagrodze\u0144<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:266.30035px; bottom:362.66064px;\">8,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:339.9323px; bottom:362.66064px;\">6,50%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:413.2525px; bottom:362.66064px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:486.72827px; bottom:362.66064px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.0482px; bottom:362.66064px;\">4,00%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:336.7647px;\">*</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:5.780464px; bottom:336.7647px;\"> <span class=\"_ _53\"></span><span class=\"ff3\">N<span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>kon<span class=\"_ _2\"></span>iec <span class=\"_ _0\"></span>roku <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>ceny <span class=\"_ _0\"></span>w\u0119gla <span class=\"_ _0\"></span>b\u0119d\u0105ce <span class=\"_ _0\"> </span>pod<span class=\"_ _2\"></span>staw\u0105 <span class=\"_ _0\"></span>kalkulacji <span class=\"_ _0\"></span>deputat\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>w\u0119glowych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>p<span class=\"_ _2\"></span>oszczeg\u00f3l<span class=\"_ _2\"></span>nych <span class=\"_ _0\"></span>Oddzia\u0142ach <span class=\"_ _0\"></span>Jedno<span class=\"_ _2\"></span>stki <span class=\"_ _53\"></span>Do<span class=\"_ _2\"></span>minuj\u0105<span class=\"_ _2\"></span>cej <span class=\"_ _53\"></span>by\u0142<span class=\"_ _2\"></span>y </span></div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:323.97272px;\">w przed<span class=\"_ _2\"></span>ziale <span class=\"_ _2\"></span>887,<span class=\"_ _2\"></span>95 <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N/t <span class=\"_ _2\"></span>\u2013 <span class=\"_ _53\"></span>983,60 <span class=\"_ _53\"></span>PLN/t. <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>ku <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>przyj<span class=\"_ _2\"></span>\u0119to <span class=\"_ _53\"></span>za\u0142o\u017cenie <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span>zrostu <span class=\"_ _53\"></span>cen <span class=\"_ _2\"></span>w\u0119gla<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>10%, <span class=\"_ _53\"></span>, <span class=\"_ _2\"></span>a <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>roku <span class=\"_ _53\"></span>2023 <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ast\u0119pnych <span class=\"_ _53\"></span>latach <span class=\"_ _53\"></span>stopa </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:311.64868px;\">wzrostu<span class=\"_ _2\"></span> cen w\u0119gla zosta<span class=\"_ _2\"></span>\u0142a przyj\u0119ta n<span class=\"_ _2\"></span>a poziomie<span class=\"_ _2\"></span> przewidywanej in<span class=\"_ _2\"></span>flacji. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:283.72473px;\">Zmiana <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>aktuarialnych <span class=\"_ _53\"></span>spowodowana <span class=\"_ _53\"></span>jest <span class=\"_ _53\"></span>zmian\u0105 <span class=\"_ _53\"></span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>zakr<span class=\"_ _3\"></span>esie <span class=\"_ _0\"></span>wzro<span class=\"_ _3\"></span>stu <span class=\"_ _0\"></span>stopy <span class=\"_ _53\"></span>dyskonta <span class=\"_ _53\"></span>oraz </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:269.5287px;\">wzrost cen w\u0119gla <span class=\"_ _3\"></span>i przewidywanych przysz\u0142<span class=\"_ _3\"></span>ych wzrost\u00f3w  wynagr<span class=\"_ _3\"></span>odze\u0144. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:255.3327px;\">Do <span class=\"_ _1\"> </span>aktualizacji <span class=\"_ _0\"></span>zobowi\u0105za\u0144 <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>koniec <span class=\"_ _1\"> </span>bie\u017c\u0105cego <span class=\"_ _1\"> </span>okresu <span class=\"_ _0\"></span>przyj\u0119to <span class=\"_ _1\"> </span>parametry <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>podstawie <span class=\"_ _1\"> </span>dost\u0119pnych <span class=\"_ _0\"></span>prognoz <span class=\"_ _1\"> </span>inflacji, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:241.29272px;\">analizy <span class=\"_ _2\"></span>wska\u017anik\u00f3w <span class=\"_ _53\"></span>cen <span class=\"_ _2\"></span>w\u0119gla <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>najni\u017cszego <span class=\"_ _53\"></span>wynagrodzenia <span class=\"_ _2\"></span>oraz p<span class=\"_ _3\"></span>rzewidywanej <span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ntowno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _53\"></span>d\u0142ugotermin<span class=\"_ _3\"></span>owych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>bligacji </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:227.09674px;\">skarbowych. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:200.42075px;\">Podzia\u0142 <span class=\"_ _53\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>aktuarialnyc<span class=\"_ _3\"></span>h <span class=\"_ _53\"></span>na<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sto<span class=\"_ _2\"></span>sunku <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>za\u0142o\u017ce\u0144 <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>31 grudnia<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:186.38074px;\">2021 r.<span class=\"fc0\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:170.46875px;\">Zmiana za\u0142o\u017ce\u0144 fin<span class=\"_ _3\"></span>ansowych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:574.24426px; bottom:170.46875px;\">( 7)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:152.21677px;\">Zmiana za\u0142o\u017ce\u0144 d<span class=\"_ _3\"></span>emograficznych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:568.94025px; bottom:152.21677px;\">( 40)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:134.12076px;\">Pozosta\u0142e zmiany<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:568.94025px; bottom:134.12076px;\"> 462<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:115.868774px;\">Razem (zyski)/strat<span class=\"_ _3\"></span>y aktuarialne </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:568.94025px; bottom:115.868774px;\"> 415<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:87.00879px;\">Podzia\u0142 <span class=\"_ _53\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>aktuarialnyc<span class=\"_ _3\"></span>h <span class=\"_ _53\"></span>na<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sto<span class=\"_ _2\"></span>sunku <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>za\u0142o\u017ce\u0144 <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>31 grudnia<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:72.812775px;\">2020 r. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:56.900787px;\">Zmiana za\u0142o\u017ce\u0144 fin<span class=\"_ _3\"></span>ansowych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:561.9202px; bottom:56.900787px;\">( 713)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:38.80481px;\">Zmiana za\u0142o\u017ce\u0144 d<span class=\"_ _3\"></span>emograficznych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:561.9202px; bottom:38.80481px;\">( 111)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:20.552795px;\">Pozosta\u0142e zmiany<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:568.94025px; bottom:20.552795px;\"> 101<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:2.3008118px;\">Razem (zyski)/strat<span class=\"_ _3\"></span>y aktuarialne <span class=\"_ _187\"> </span> </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:561.9202px; bottom:2.3008118px;\">( 723)<span class=\"_ _192\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "Temat  Zasady rachunkowo\u015bci Znacz\u0105ce szacunki i os\u0105dy Zasady konsolidacji Skonsolidowane  sprawozdanie  finansowe  obejmuje sprawozdanie  finansowe  Jednostki  Dominuj\u0105cej  oraz  sp\u00f3\u0142ek od niej zale\u017cnych.  Za jednostki zale\u017cne uznaje si\u0119 jednostki, w odniesieniu  do  kt\u00f3rych  Jednostka  Dominuj\u0105ca, bezpo\u015brednio lub po\u015brednio poprzez swoje jednostki zale\u017cne sprawuje kontrol\u0119.  Obj\u0119cie  kontroli  nad  jednostk\u0105  zale\u017cn\u0105  stanowi\u0105c\u0105 przedsi\u0119wzi\u0119cie rozlicza si\u0119 metod\u0105 przej\u0119cia.  Jednostki  zale\u017cne  podlegaj\u0105  konsolidacji  metod\u0105  pe\u0142n\u0105 od dnia obj\u0119cia kontroli do dnia utraty kontroli.  Rozrachunki, przychody, koszty i  niezrealizowane zyski  uj\u0119te w  aktywach,  powsta\u0142e  na transakcjach  pomi\u0119dzy  sp\u00f3\u0142kami Grupy, podlegaj\u0105 eliminacji.  Ocena,  czy  Jednostka  Dominuj\u0105ca sprawuje  kontrol\u0119  nad  sp\u00f3\u0142k\u0105 wymaga  ustalenia,  czy  posiada  ona prawa  do  kierowania  istotn\u0105 dzia\u0142alno\u015bci\u0105  sp\u00f3\u0142ki.  Okre\u015blenie istotnej dzia\u0142alno\u015bci sp\u00f3\u0142ki oraz kt\u00f3ry z inwestor\u00f3w  j\u0105  kontroluje,  wymaga os\u0105du. W ocenie sytuacji i okre\u015bleniu istoty  powi\u0105za\u0144  bierze  si\u0119  pod uwag\u0119 m.in. prawa g\u0142osu, relatywnie posiadany udzia\u0142, rozproszenie praw g\u0142osu  posiadanych  przez  innych inwestor\u00f3w, zakres udzia\u0142u tych Inwestor\u00f3w w powo\u0142ywaniu kluczowego personelu kierowniczego lub cz\u0142onk\u00f3w rady nadzorczej. Wycena w warto\u015bci godziwej Warto\u015b\u0107  godziwa  stanowi  cen\u0119,  kt\u00f3r\u0105  otrzymano  by  ze sprzeda\u017cy  sk\u0142adnika  aktyw\u00f3w  lub  zap\u0142acono  by  za przeniesienie zobowi\u0105zania w transakcji mi\u0119dzy uczestnikami rynku  przeprowadzonej  na  zwyk\u0142ych  warunkach  na  dzie\u0144 wyceny.  Dla  cel\u00f3w  sprawozdawczo\u015bci  finansowej stosuje  si\u0119 hierarchi\u0119  ustalania  warto\u015bci  godziwej,  opart\u0105  na  trzech poziomach pozyskania informacji wej\u015bciowych: Poziom 1 Warto\u015b\u0107 oparta na danych wej\u015bciowych pochodz\u0105cych z aktywnego rynku, kt\u00f3re s\u0105  traktowane jako \u017ar\u00f3d\u0142o najbardziej wiarygodnych danych.  Poziom 2 Warto\u015b\u0107 oparta na danych wej\u015bciowych innych ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re jednak s\u0105 obserwowalne (obiektywne, mierzalne).  Poziom 3 Warto\u015b\u0107 oparta na danych o charakterze nieobserwowalnym, stosowanych w zakresie , w jakim odpowiednie  obserwowalne dane wej\u015bciowe s\u0105 niedost\u0119pne. Nieobserwowalne dane wej\u015bciowe odzwierciedlaj\u0105 za\u0142o\u017cenia, kt\u00f3re przyj\u0119liby uczestnicy rynku na potrzeby kalkulacji ceny sk\u0142adnika aktyw\u00f3w lub zobowi\u0105zania, w tym za\u0142o\u017cenia dotycz\u0105ce ryzyka. Przeniesienie  mi\u0119dzy  poziomami  hierarchii  warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142  pochodzenia  danych  wej\u015bciowych  na  potrzeby wyceny warto\u015bci godziwej, takich jak: \u2022 aktywny rynek, \u2022 brak  aktywnego  rynku,  jednak  dane  obserwowalne na rynku, \u2022 subiektywne dane wej\u015bciowe. Uznaje  si\u0119,  \u017ce  przeniesienia  pomi\u0119dzy  poziomami  hierarchii warto\u015bci  godziwej  maj\u0105  miejsce  na  koniec  okresu sprawozdawczego. Warto\u015b\u0107  godziwa  przedstawia obecne  szacunki,  kt\u00f3re  mog\u0105  ulec zmianie  w  kolejnych  okresach sprawozdawczych z tytu\u0142u warunk\u00f3w rynkowych  lub  innych  czynnik\u00f3w. Istnieje  wiele  metod  ustalania warto\u015bci  godziwej,  kt\u00f3re  mog\u0105 powodowa\u0107  r\u00f3\u017cnice  w  warto\u015bciach godziwych.  Co  wi\u0119cej,  za\u0142o\u017cenia b\u0119d\u0105ce podstaw\u0105 ustalenia warto\u015bci godziwej  mog\u0105  wymaga\u0107 oszacowania  zmian  koszt\u00f3w/cen w czasie,  stopy  dyskonta,  stopy inflacji  czy  innych  istotnych zmiennych. Pewne  za\u0142o\u017cenia  i  szacunki s\u0105 konieczne  dla  ustalenia, do kt\u00f3rego  poziomu  hierarchii warto\u015bci  godziwej  dany  instrument powinien zosta\u0107 zakwalifikowany. Sprawozdania jednostek  o walucie funkcjonalnej  innej ni\u017c PLN Dla  cel\u00f3w  sporz\u0105dzenia  skonsolidowanego  sprawozdania finansowego w walucie prezentacji Grupy Kapita\u0142owej KGHM Polska  Mied\u017a  S.A.  tj.  w  PLN,  dokonuje  si\u0119  przelicze\u0144 poszczeg\u00f3lnych  pozycji  sprawozda\u0144  finansowych  jednostek zagranicznych, dla kt\u00f3rych walut\u0105 funkcjonaln\u0105 jest waluta inna ni\u017c PLN, w nast\u0119puj\u0105cy spos\u00f3b: (i)  pozycje  aktyw\u00f3w  i  zobowi\u0105za\u0144  -  po  kursie  zamkni\u0119cia, tj. po  kursie  \u015brednim  obowi\u0105zuj\u0105cym  na  koniec  okresu sprawozdawczego  og\u0142oszonym  dla  danej  waluty  przez NBP, (ii)  pozycje  sprawozdania  z  wyniku,  sprawozdania z ca\u0142kowitych  dochod\u00f3w,  sprawozdania  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych  -  po  kursie  stanowi\u0105cym  \u015bredni\u0105 arytmetyczn\u0105 kurs\u00f3w  \u015brednich  og\u0142aszanych  dla  danej waluty  przez  NBP  na  ostatni  dzie\u0144  ka\u017cdego  miesi\u0105ca danego  okresu  sprawozdawczego.  W  przypadku znacznych waha\u0144  kursu  wymiany  w  danym  okresie przychody  i  koszty  sprawozdania  z  wyniku i sprawozdania  z  ca\u0142kowitych  dochod\u00f3w  przelicza  si\u0119 po kursach z dnia transakcji, R\u00f3\u017cnice  kursowe  z  przeliczenia  sprawozda\u0144  jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  ujmuje  si\u0119 w pozosta\u0142ych ca\u0142kowitych dochodach danego okresu. Skonsolidowane  sprawozdanie finansowe prezentowane jest w PLN, kt\u00f3ry  stanowi  r\u00f3wnie\u017c  walut\u0119 funkcjonaln\u0105  Jednostki  Dominuj\u0105cej i jednostek  zale\u017cnych  Grupy Kapita\u0142owej za wyj\u0105tkiem: Jednostki zale\u017cnej Future 1 Sp. z o.o. oraz  jednostek  grupy  kapita\u0142owej ni\u017cszego  szczebla  KGHM INTERNATIONAL  LTD.,  dla  kt\u00f3rych  walut\u0119 funkcjonaln\u0105 stanowi g\u0142\u00f3wnie dolar ameryka\u0144ski (USD). Saldo r\u00f3\u017cnic kursowych  z przeliczenia sprawozda\u0144 powy\u017cszych jednostek wynios\u0142o: w 2022 r. \u2013 2 554 mln PLN, w 2021 r. \u2013 2 619 mln PLN (patrz Nota 8.2.2 Zmiany pozosta\u0142ych kapita\u0142\u00f3w) .  Transakcje w walucie obcej i wycena pozycji wyra\u017conych w walutach obcych Transakcje  wyra\u017cone  w  walutach  obcych  przelicza  si\u0119 na moment pocz\u0105tkowego uj\u0119cia na walut\u0119 funkcjonaln\u0105: \u2022  po kursie faktycznie zastosowanym, tj. po kursie kupna lub sprzeda\u017cy walut stosowanym przez bank, w kt\u00f3rym nast\u0119puje  transakcja,  w przypadku  operacji  sprzeda\u017cy lub  kupna  walut  oraz  operacji  zap\u0142aty  nale\u017cno\u015bci lub zobowi\u0105za\u0144, \u2022  po  \u015brednim  kursie  ustalonym  dla  danej  waluty, obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia  transakcji  dla pozosta\u0142ych transakcji.  Na  koniec  ka\u017cdego  okresu  sprawozdawczego  pozycje pieni\u0119\u017cne  wyra\u017cone  w  walucie  obcej  przelicza  si\u0119  przy zastosowaniu obowi\u0105zuj\u0105cego w tym dniu kursu zamkni\u0119cia. Zyski  i  straty  z  tytu\u0142u  r\u00f3\u017cnic  kursowych  powsta\u0142e  w  wyniku rozliczenia transakcji w walucie obcej oraz wyceny bilansowej aktyw\u00f3w  i  zobowi\u0105za\u0144  pieni\u0119\u017cnych  (innych  ni\u017c  instrumenty pochodne)  wyra\u017conych  w walutach  obcych  ujmuje si\u0119 w wyniku finansowym. Zyski i straty z tytu\u0142u zmiany kurs\u00f3w walut dotycz\u0105ce wyceny bilansowej instrument\u00f3w pochodnych wyra\u017conych w walucie obcej  ujmuje  si\u0119  w  wyniku  finansowym  jako  wycena do warto\u015bci  godziwej,  o  ile  nie  s\u0105  elementem  efektywnej cz\u0119\u015bci zmiany warto\u015bci godziwej transakcji zabezpieczaj\u0105cych przep\u0142ywy  pieni\u0119\u017cne.  W takim  przypadku  s\u0105  one  ujmowane w pozosta\u0142ych  ca\u0142kowitych  dochodach,  zgodnie  z  zasadami rachunkowo\u015bci zabezpiecze\u0144. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e  na pozycjach niepieni\u0119\u017cnych, takich jak instrumenty kapita\u0142owe zaklasyfikowane  do  aktyw\u00f3w  finansowych  wycenianych w warto\u015bci  godziwej  przez  pozosta\u0142e  ca\u0142kowite  dochody, ujmuje  si\u0119  w  pozosta\u0142ych  ca\u0142kowitych  dochodach  i prezentuje w ramach wyceny do warto\u015bci godziwej. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e na pozycjach pieni\u0119\u017cnych wycenianych w  warto\u015bci godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci  godziwej)  ujmuje  si\u0119  jako  element  wyceny w warto\u015bci godziwej.  Od  dnia  1  stycznia  2022  r.  w  Grupie  Kapita\u0142owej  KGHM Polska  Mied\u017a  S.A.  zosta\u0142a  wdro\u017cona  zmiana  w  zakresie kurs\u00f3w  wymiany  walut  obcych  stosowanych  do  wyceny operacji  sprzeda\u017cy  lub  kupna  walut  oraz  operacji  zap\u0142aty nale\u017cno\u015bci  i  zobowi\u0105za\u0144  (w  tym  do  wyceny  transakcji otrzymania,  udzielenia  oraz  sp\u0142aty  kredyt\u00f3w  i po\u017cyczek) na walutowych  rachunkach  bankowych  Grupy. Do przeliczania  takich  transakcji  na  walut\u0119  funkcjonaln\u0105 stosuje  si\u0119  kurs  \u015bredni  obowi\u0105zuj\u0105cy  na  dzie\u0144  zawarcia transakcji,  gdzie  kursem  obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia transakcji jest \u015bredni kurs NBP z ostatniego dnia roboczego poprzedzaj\u0105cego  dzie\u0144  transakcji.  Zmiana  stosowanych kurs\u00f3w  wymiany  walut  stanowi,  zgodnie  z  MSR  8,  zmian\u0119 warto\u015bci  szacunkowych,  a  jej  skutki  s\u0105  ujmowane prospektywnie  dla  okres\u00f3w  rozpoczynaj\u0105cych  si\u0119 od 1 stycznia 2022 r. i p\u00f3\u017aniej. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "Temat  Zasady rachunkowo\u015bci Znacz\u0105ce szacunki i os\u0105dy Zasady konsolidacji Skonsolidowane  sprawozdanie  finansowe  obejmuje sprawozdanie  finansowe  Jednostki  Dominuj\u0105cej  oraz  sp\u00f3\u0142ek od niej zale\u017cnych.  Za jednostki zale\u017cne uznaje si\u0119 jednostki, w odniesieniu  do  kt\u00f3rych  Jednostka  Dominuj\u0105ca, bezpo\u015brednio lub po\u015brednio poprzez swoje jednostki zale\u017cne sprawuje kontrol\u0119.  Obj\u0119cie  kontroli  nad  jednostk\u0105  zale\u017cn\u0105  stanowi\u0105c\u0105 przedsi\u0119wzi\u0119cie rozlicza si\u0119 metod\u0105 przej\u0119cia.  Jednostki  zale\u017cne  podlegaj\u0105  konsolidacji  metod\u0105  pe\u0142n\u0105 od dnia obj\u0119cia kontroli do dnia utraty kontroli.  Rozrachunki, przychody, koszty i  niezrealizowane zyski  uj\u0119te w  aktywach,  powsta\u0142e  na transakcjach  pomi\u0119dzy  sp\u00f3\u0142kami Grupy, podlegaj\u0105 eliminacji.  Ocena,  czy  Jednostka  Dominuj\u0105ca sprawuje  kontrol\u0119  nad  sp\u00f3\u0142k\u0105 wymaga  ustalenia,  czy  posiada  ona prawa  do  kierowania  istotn\u0105 dzia\u0142alno\u015bci\u0105  sp\u00f3\u0142ki.  Okre\u015blenie istotnej dzia\u0142alno\u015bci sp\u00f3\u0142ki oraz kt\u00f3ry z inwestor\u00f3w  j\u0105  kontroluje,  wymaga os\u0105du. W ocenie sytuacji i okre\u015bleniu istoty  powi\u0105za\u0144  bierze  si\u0119  pod uwag\u0119 m.in. prawa g\u0142osu, relatywnie posiadany udzia\u0142, rozproszenie praw g\u0142osu  posiadanych  przez  innych inwestor\u00f3w, zakres udzia\u0142u tych Inwestor\u00f3w w powo\u0142ywaniu kluczowego personelu kierowniczego lub cz\u0142onk\u00f3w rady nadzorczej. Wycena w warto\u015bci godziwej Warto\u015b\u0107  godziwa  stanowi  cen\u0119,  kt\u00f3r\u0105  otrzymano  by  ze sprzeda\u017cy  sk\u0142adnika  aktyw\u00f3w  lub  zap\u0142acono  by  za przeniesienie zobowi\u0105zania w transakcji mi\u0119dzy uczestnikami rynku  przeprowadzonej  na  zwyk\u0142ych  warunkach  na  dzie\u0144 wyceny.  Dla  cel\u00f3w  sprawozdawczo\u015bci  finansowej stosuje  si\u0119 hierarchi\u0119  ustalania  warto\u015bci  godziwej,  opart\u0105  na  trzech poziomach pozyskania informacji wej\u015bciowych: Poziom 1 Warto\u015b\u0107 oparta na danych wej\u015bciowych pochodz\u0105cych z aktywnego rynku, kt\u00f3re s\u0105  traktowane jako \u017ar\u00f3d\u0142o najbardziej wiarygodnych danych.  Poziom 2 Warto\u015b\u0107 oparta na danych wej\u015bciowych innych ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re jednak s\u0105 obserwowalne (obiektywne, mierzalne).  Poziom 3 Warto\u015b\u0107 oparta na danych o charakterze nieobserwowalnym, stosowanych w zakresie , w jakim odpowiednie  obserwowalne dane wej\u015bciowe s\u0105 niedost\u0119pne. Nieobserwowalne dane wej\u015bciowe odzwierciedlaj\u0105 za\u0142o\u017cenia, kt\u00f3re przyj\u0119liby uczestnicy rynku na potrzeby kalkulacji ceny sk\u0142adnika aktyw\u00f3w lub zobowi\u0105zania, w tym za\u0142o\u017cenia dotycz\u0105ce ryzyka. Przeniesienie  mi\u0119dzy  poziomami  hierarchii  warto\u015bci godziwej nast\u0119puje w sytuacji wyst\u0105pienia zmiany w zakresie \u017ar\u00f3de\u0142  pochodzenia  danych  wej\u015bciowych  na  potrzeby wyceny warto\u015bci godziwej, takich jak: \u2022 aktywny rynek, \u2022 brak  aktywnego  rynku,  jednak  dane  obserwowalne na rynku, \u2022 subiektywne dane wej\u015bciowe. Uznaje  si\u0119,  \u017ce  przeniesienia  pomi\u0119dzy  poziomami  hierarchii warto\u015bci  godziwej  maj\u0105  miejsce  na  koniec  okresu sprawozdawczego. Warto\u015b\u0107  godziwa  przedstawia obecne  szacunki,  kt\u00f3re  mog\u0105  ulec zmianie  w  kolejnych  okresach sprawozdawczych z tytu\u0142u warunk\u00f3w rynkowych  lub  innych  czynnik\u00f3w. Istnieje  wiele  metod  ustalania warto\u015bci  godziwej,  kt\u00f3re  mog\u0105 powodowa\u0107  r\u00f3\u017cnice  w  warto\u015bciach godziwych.  Co  wi\u0119cej,  za\u0142o\u017cenia b\u0119d\u0105ce podstaw\u0105 ustalenia warto\u015bci godziwej  mog\u0105  wymaga\u0107 oszacowania  zmian  koszt\u00f3w/cen w czasie,  stopy  dyskonta,  stopy inflacji  czy  innych  istotnych zmiennych. Pewne  za\u0142o\u017cenia  i  szacunki s\u0105 konieczne  dla  ustalenia, do kt\u00f3rego  poziomu  hierarchii warto\u015bci  godziwej  dany  instrument powinien zosta\u0107 zakwalifikowany. Transakcje w walucie obcej i wycena pozycji wyra\u017conych w walutach obcych Transakcje  wyra\u017cone  w  walutach  obcych  przelicza  si\u0119 na moment pocz\u0105tkowego uj\u0119cia na walut\u0119 funkcjonaln\u0105: \u2022  po kursie faktycznie zastosowanym, tj. po kursie kupna lub sprzeda\u017cy walut stosowanym przez bank, w kt\u00f3rym nast\u0119puje  transakcja,  w przypadku  operacji  sprzeda\u017cy lub  kupna  walut  oraz  operacji  zap\u0142aty  nale\u017cno\u015bci lub zobowi\u0105za\u0144, \u2022  po  \u015brednim  kursie  ustalonym  dla  danej  waluty, obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia  transakcji  dla pozosta\u0142ych transakcji.  Na  koniec  ka\u017cdego  okresu  sprawozdawczego  pozycje pieni\u0119\u017cne  wyra\u017cone  w  walucie  obcej  przelicza  si\u0119  przy zastosowaniu obowi\u0105zuj\u0105cego w tym dniu kursu zamkni\u0119cia. Zyski  i  straty  z  tytu\u0142u  r\u00f3\u017cnic  kursowych  powsta\u0142e  w  wyniku rozliczenia transakcji w walucie obcej oraz wyceny bilansowej aktyw\u00f3w  i  zobowi\u0105za\u0144  pieni\u0119\u017cnych  (innych  ni\u017c  instrumenty pochodne)  wyra\u017conych  w walutach  obcych  ujmuje si\u0119 w wyniku finansowym. Zyski i straty z tytu\u0142u zmiany kurs\u00f3w walut dotycz\u0105ce wyceny bilansowej instrument\u00f3w pochodnych wyra\u017conych w walucie obcej  ujmuje  si\u0119  w  wyniku  finansowym  jako  wycena do warto\u015bci  godziwej,  o  ile  nie  s\u0105  elementem  efektywnej cz\u0119\u015bci zmiany warto\u015bci godziwej transakcji zabezpieczaj\u0105cych przep\u0142ywy  pieni\u0119\u017cne.  W takim  przypadku  s\u0105  one  ujmowane w pozosta\u0142ych  ca\u0142kowitych  dochodach,  zgodnie  z  zasadami rachunkowo\u015bci zabezpiecze\u0144. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e  na pozycjach niepieni\u0119\u017cnych, takich jak instrumenty kapita\u0142owe zaklasyfikowane  do  aktyw\u00f3w  finansowych  wycenianych w warto\u015bci  godziwej  przez  pozosta\u0142e  ca\u0142kowite  dochody, ujmuje  si\u0119  w  pozosta\u0142ych  ca\u0142kowitych  dochodach  i prezentuje w ramach wyceny do warto\u015bci godziwej. Zyski  i  straty  z  tytu\u0142u  zmiany  kurs\u00f3w  walut  powsta\u0142e na pozycjach pieni\u0119\u017cnych wycenianych w  warto\u015bci godziwej przez  wynik  finansowy  (np.  udzielone  po\u017cyczki  wyceniane w warto\u015bci  godziwej)  ujmuje  si\u0119  jako  element  wyceny w warto\u015bci godziwej.  Od  dnia  1  stycznia  2022  r.  w  Grupie  Kapita\u0142owej  KGHM Polska  Mied\u017a  S.A.  zosta\u0142a  wdro\u017cona  zmiana  w  zakresie kurs\u00f3w  wymiany  walut  obcych  stosowanych  do  wyceny operacji  sprzeda\u017cy  lub  kupna  walut  oraz  operacji  zap\u0142aty nale\u017cno\u015bci  i  zobowi\u0105za\u0144  (w  tym  do  wyceny  transakcji otrzymania,  udzielenia  oraz  sp\u0142aty  kredyt\u00f3w  i po\u017cyczek) na walutowych  rachunkach  bankowych  Grupy. Do przeliczania  takich  transakcji  na  walut\u0119  funkcjonaln\u0105 stosuje  si\u0119  kurs  \u015bredni  obowi\u0105zuj\u0105cy  na  dzie\u0144  zawarcia transakcji,  gdzie  kursem  obowi\u0105zuj\u0105cym  na  dzie\u0144  zawarcia transakcji jest \u015bredni kurs NBP z ostatniego dnia roboczego poprzedzaj\u0105cego  dzie\u0144  transakcji.  Zmiana  stosowanych kurs\u00f3w  wymiany  walut  stanowi,  zgodnie  z  MSR  8,  zmian\u0119 warto\u015bci  szacunkowych,  a  jej  skutki  s\u0105  ujmowane prospektywnie  dla  okres\u00f3w  rozpoczynaj\u0105cych  si\u0119 od 1 stycznia 2022 r. i p\u00f3\u017aniej. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "<div class=\"t m1 h3 ff1 fs1 fc0 sc0 ls0 ws0\" style=\"left:80.19243px; bottom:799.1463px;\">Cz\u0119\u015b\u0107 2 \u2013 <span class=\"_ _2\"></span>Segmenty dz<span class=\"_ _2\"></span>ia\u0142alno\u015bci i inform<span class=\"_ _2\"></span>acje na tem<span class=\"_ _2\"></span>at przych<span class=\"_ _2\"></span>od\u00f3w </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:757.6503px;\">Nota 2.1 Inform<span class=\"_ _3\"></span>acje dotycz\u0105ce segm<span class=\"_ _3\"></span>ent\u00f3w dzia\u0142alno\u015bci<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:743.6103px;\">Identyfikowane w <span class=\"_ _2\"></span>ramach <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>KGHM <span class=\"_ _2\"></span>Polska <span class=\"_ _2\"></span>Mied\u017a <span class=\"_ _2\"></span>S.A. <span class=\"_ _2\"></span>segmenty <span class=\"_ _2\"></span>operacyjne <span class=\"_ _2\"></span>wynikaj\u0105 ze struktury <span class=\"_ _2\"></span>Grupy, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:729.4143px;\">sposobu <span class=\"_ _67\"> </span>zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _5e\"> </span>Grup\u0105 <span class=\"_ _67\"> </span>oraz <span class=\"_ _5e\"> </span>poszczeg\u00f3lnymi <span class=\"_ _5e\"> </span>jednostkami <span class=\"_ _5e\"> </span>wchodz\u0105cymi <span class=\"_ _67\"> </span>w <span class=\"_ _5e\"> </span>sk\u0142ad <span class=\"_ _5e\"> </span>Grupy <span class=\"_ _67\"> </span>oraz <span class=\"_ _5e\"> </span>regularneg<span class=\"_ _3\"></span>o </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:715.2183px;\">raportowania do Zar<span class=\"_ _3\"></span>z\u0105du Jednostki Domin<span class=\"_ _3\"></span>uj\u0105cej. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:693.22235px;\">W <span class=\"_ _0\"></span>ramach <span class=\"_ _0\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>identyfikuje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>obecnie <span class=\"_ _0\"> </span>nast\u0119puj\u0105ce <span class=\"_ _1\"> </span>se<span class=\"_ _3\"></span>gmenty <span class=\"_ _0\"> </span>sprawozdawcze, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:679.0263px;\">kt\u00f3re powsta\u0142y na <span class=\"_ _3\"></span>podstawie agregacj<span class=\"_ _3\"></span>i segment\u00f3w opera<span class=\"_ _3\"></span>cyjnych, z uwzgl\u0119dnieniem k<span class=\"_ _3\"></span>ryteri\u00f3w wymieni<span class=\"_ _3\"></span>onych w MSSF 8: </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:639.40234px;\">Segment </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:625.20636px;\">sprawozdawczy<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:646.57837px;\">Segmenty operacyj<span class=\"_ _3\"></span>ne </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:632.3823px;\">zagregowane w dany<span class=\"_ _3\"></span>m </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:618.18634px;\">segmencie spraw<span class=\"_ _3\"></span>ozdawczym </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:646.57837px;\">Przes\u0142anki pod<span class=\"_ _3\"></span>obie\u0144stwa charakterys<span class=\"_ _3\"></span>tyki </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:632.3823px;\">ekonomicznej seg<span class=\"_ _3\"></span>ment\u00f3w uwzgl<span class=\"_ _3\"></span>\u0119dnione przy </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:618.18634px;\">dokonywaniu agr<span class=\"_ _3\"></span>egacji   </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:588.3904px;\">KGHM Polska Mied\u017a S.A<span class=\"_ _3\"></span>. <span class=\"_ _6c\"> </span><span class=\"ff2 fc0\">KGHM Polska Mi<span class=\"_ _3\"></span>ed\u017a S.A. </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:595.41034px;\">Nie dotyczy (segmen<span class=\"_ _3\"></span>t operacyjny <span class=\"_ _3\"></span>jest to\u017csamy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:581.21436px;\">ze sprawozdawczym<span class=\"_ _3\"></span>) </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:462.96643px;\">KGHM INTERNATIO<span class=\"_ _3\"></span>NAL </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:448.77045px;\">LTD. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:512.5744px;\">Sp\u00f3\u0142ki Grupy KGHM </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:498.37842px;\">INTERNATIONAL LT<span class=\"_ _3\"></span>D., gdzie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:484.18243px;\">segmentami op<span class=\"_ _3\"></span>eracyjnymi s\u0105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:469.9864px;\">nast\u0119puj\u0105ce kopalni<span class=\"_ _3\"></span>e, z\u0142o\u017ca lub </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:455.9464px;\">obszary wydobywcze <span class=\"_ _3\"></span>oraz </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:441.75043px;\">przedsi\u0119biorstwa g<span class=\"_ _3\"></span>\u00f3rnicze: </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:427.55444px;\">Zag\u0142\u0119bie Sudbury, <span class=\"_ _3\"></span>Robinson, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:413.35846px;\">Carlota, Franke*, D<span class=\"_ _3\"></span>MC, projekty </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:399.16248px;\">Victoria i Ajax. </div><div class=\"c w2c h2a\" style=\"left:308.87665px; bottom:559.06323px;\"><div class=\"t m4 x10 h8 y131 ff2 fs6 fc0 sc0 ls0 ws0\">Seg</div></div><div class=\"c w2d h2a\" style=\"left:326.9845px; bottom:559.06323px;\"><div class=\"t m4 x10 h8 y131 ff2 fs6 fc0 sc0 ls0 ws0\">menty o<span class=\"_ _3\"></span>peracyjne funkcjonuj<span class=\"_ _3\"></span>\u0105ce </div></div><div class=\"c w2e h2a\" style=\"left:489.68054px; bottom:559.06323px;\"><div class=\"t m4 x10 h8 y131 ff2 fs6 fc0 sc0 ls0 ws0\">w strukturach Grup<span class=\"_ _3\"></span>y </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:547.9864px;\">Kapita\u0142owej KGH<span class=\"_ _3\"></span>M INTERNATIONAL LTD. z<span class=\"_ _3\"></span>lokalizowane </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:533.7904px;\">s\u0105 w Ameryce P\u00f3\u0142n<span class=\"_ _3\"></span>ocnej i Po\u0142udniow<span class=\"_ _3\"></span>ej. Zarz\u0105d analizuje </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:519.5944px;\">wyniki dzia\u0142alno\u015bci <span class=\"_ _3\"></span>dla nast\u0119puj\u0105cych se<span class=\"_ _3\"></span>gment\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:505.39838px;\">operacyjnych: Zag<span class=\"_ _3\"></span>\u0142\u0119bie Sudbury, Robins<span class=\"_ _3\"></span>on, Carlota, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:491.3584px;\">Franke*, projekty Vic<span class=\"_ _3\"></span>toria i Ajax oraz pozo<span class=\"_ _3\"></span>sta\u0142ych. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:477.1624px;\">Dodatkowo otrzymuj<span class=\"_ _3\"></span>e i dokonuje analizy <span class=\"_ _3\"></span>raport\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:462.96643px;\">sprawozdawczych <span class=\"_ _3\"></span>dla ca\u0142ej Grupy Ka<span class=\"_ _3\"></span>pita\u0142owej KGHM </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:448.77045px;\">INTERNATIONAL LT<span class=\"_ _3\"></span>D. Przedmiotem dzia<span class=\"_ _3\"></span>\u0142alno\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:434.57446px;\">segment\u00f3w operac<span class=\"_ _3\"></span>yjnych jest dzia\u0142aln<span class=\"_ _3\"></span>o\u015b\u0107 poszukiwawcza </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:420.53442px;\">i eksploatacyjna z<span class=\"_ _3\"></span>\u0142\u00f3\u017c miedzi, molibdenu, <span class=\"_ _3\"></span>srebra, z\u0142ota, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:406.33844px;\">niklu, platyny oraz<span class=\"_ _3\"></span> palladu. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:392.14246px;\">Segmenty operac<span class=\"_ _3\"></span>yjne zosta\u0142y zagreg<span class=\"_ _3\"></span>owane na podstawie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:377.94647px;\">podobie\u0144stwa d\u0142ug<span class=\"_ _3\"></span>oterminowych <span class=\"_ _3\"></span>mar\u017c realizowanych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:363.90643px;\">przez poszczeg<span class=\"_ _3\"></span>\u00f3lne segmenty, podobnych <span class=\"_ _3\"></span>produkt\u00f3w, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:349.71045px;\">procesu i metod pr<span class=\"_ _3\"></span>odukcji. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:323.65845px;\">Sierra Gorda S.<span class=\"_ _3\"></span>C.M. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:330.67847px;\">Sierra Gorda S.C.<span class=\"_ _3\"></span>M. (wsp\u00f3lne </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:316.48248px;\">przedsi\u0119wzi\u0119cie) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:330.67847px;\">Nie dotyczy (segmen<span class=\"_ _3\"></span>t operacyjny <span class=\"_ _3\"></span>jest to\u017csamy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:316.48248px;\">ze sprawozdawczym<span class=\"_ _3\"></span>) </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:269.2145px;\">Pozosta\u0142e segmenty<span class=\"_ _3\"></span> </div><div class=\"c w2f h2e\" style=\"left:142.74841px; bottom:294.4872px;\"><div class=\"t m4 x10 h8 y688 ff2 fs6 fc0 sc0 ls0 ws0\">W ramach tej poz<span class=\"_ _3\"></span>ycji </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:283.4105px;\">uwzgl\u0119dniono p<span class=\"_ _3\"></span>ozosta\u0142e sp\u00f3\u0142ki </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:269.2145px;\">Grupy Kapita\u0142owej (ka\u017cd<span class=\"_ _3\"></span>a sp\u00f3\u0142ka </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:255.1745px;\">stanowi oddzieln<span class=\"_ _3\"></span>y segment </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:142.74841px; bottom:240.97852px;\">operacyjny). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:283.4105px;\">Agregacji dokonan<span class=\"_ _3\"></span>o z uwagi na to, \u017ce nie z<span class=\"_ _3\"></span>osta\u0142y spe\u0142nione </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:269.2145px;\">kryteria wymagaj\u0105c<span class=\"_ _3\"></span>e wydzielenia z <span class=\"_ _3\"></span>tej grupy odr\u0119bnego </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:255.1745px;\">dodatkowego s<span class=\"_ _3\"></span>egmentu sprawozd<span class=\"_ _3\"></span>awczego. </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:223.6625px;\">* Podmio<span class=\"_ _2\"></span>t zbyty w dni<span class=\"_ _2\"></span>u 26 kwietnia 2022 r. (<span class=\"_ _2\"></span>Nota 9.8)<span class=\"_ _2\"></span>. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:195.73853px;\">Do \u017cadnego z <span class=\"_ _3\"></span>wy\u017cej wymienionych segm<span class=\"_ _3\"></span>ent\u00f3w nie zosta\u0142y z<span class=\"_ _3\"></span>aklasyfikowane sp\u00f3\u0142ki:<span class=\"_ _3\"></span> </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:181.54254px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">Future 1 <span class=\"_ _3\"></span>Sp. z o.o., kt\u00f3ra pe\u0142ni fun<span class=\"_ _3\"></span>kcje holdingowe w stosunku <span class=\"_ _3\"></span>do Grupy Ka<span class=\"_ _3\"></span>pita\u0142owej KGHM INTER<span class=\"_ _3\"></span>NATIONAL LTD.,<span class=\"_ _3\"></span> </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:4.6884613px; bottom:167.34653px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">Future  3  Sp.  z <span class=\"_ _57\"> </span>o.o.,  Future  4  Sp.  z  o<span class=\"_ _2\"></span>.o.,  Future  5  Sp. <span class=\"_ _57\"> </span>z  o.o.,  kt\u00f3re  funkcjonuj\u0105  w ramach  struktury  zwi\u0105zane<span class=\"_ _3\"></span>j </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:27.620453px; bottom:153.15054px;\">z utworzeniem Poda<span class=\"_ _3\"></span>tkowej Grupy Kapita\u0142ow<span class=\"_ _3\"></span>ej. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:131.31055px;\">Sp\u00f3\u0142ki <span class=\"_ _59\"> </span>te <span class=\"_ _57\"> </span>nie <span class=\"_ _59\"> </span>prowadz\u0105 <span class=\"_ _57\"> </span>dzia\u0142alno\u015bci <span class=\"_ _57\"> </span>operacyjnej <span class=\"_ _57\"> </span>maj\u0105cej <span class=\"_ _59\"> </span>wp<span class=\"_ _3\"></span>\u0142yw <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>wyniki <span class=\"_ _59\"> </span>osi\u0105gane <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>poszczeg\u00f3lne <span class=\"_ _57\"> </span>s<span class=\"_ _2\"></span>egmenty,<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:117.11456px;\">w zwi\u0105zku  z  czym  ich  uwzgl\u0119dnienie  mog\u0142oby  zaburza\u0107  dane  prezentowane  w  rama<span class=\"_ _3\"></span>ch  tej  cz\u0119<span class=\"_ _2\"></span>\u015bci  skonsolidowane<span class=\"_ _3\"></span>go </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:102.91858px;\">sprawozdania <span class=\"_ _53\"></span>finansowego, <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>uwagi <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>istotne <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _0\"></span>rozrachunk\u00f3w <span class=\"_ _53\"></span>wewn\u0119trznych <span class=\"_ _0\"></span>z pozos<span class=\"_ _3\"></span>ta\u0142ymi <span class=\"_ _0\"></span>podmi<span class=\"_ _3\"></span>otami <span class=\"_ _0\"></span>Grupy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:88.722565px;\">Kapita\u0142owej. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:66.72659px;\">Segmenty <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>Po<span class=\"_ _2\"></span>lska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A., <span class=\"_ _0\"></span>KGHM <span class=\"_ _53\"></span>INTERNATIONAL <span class=\"_ _53\"></span>LTD. <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _0\"></span>S.C.M. <span class=\"_ _53\"></span>posiadaj\u0105 <span class=\"_ _53\"></span>oddzielne <span class=\"_ _53\"></span>Zarz\u0105dy, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:52.53058px;\">kt\u00f3re raportuj\u0105 wyn<span class=\"_ _3\"></span>iki prowadzonej dz<span class=\"_ _3\"></span>ia\u0142alno\u015bci do Zarz\u0105du<span class=\"_ _3\"></span> Jednostki Dominuj\u0105c<span class=\"_ _3\"></span>ej. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:30.690598px;\">W sk\u0142ad seg<span class=\"_ _2\"></span>mentu KGHM Polska Mied\u017a S.A. wchodzi tylko <span class=\"_ _2\"></span>Jednostka Dominuj\u0105ca, a w sk\u0142ad segmentu <span class=\"_ _2\"></span>Sierra Gorda S.C.M. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:16.494598px;\">wchodzi <span class=\"_ _1\"> </span>tylko <span class=\"_ _1\"> </span>wsp\u00f3ln<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>przedsi\u0119wzi\u0119cie <span class=\"_ _0\"> </span>Si<span class=\"_ _2\"></span>erra <span class=\"_ _0\"> </span>Go<span class=\"_ _2\"></span>rda <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>C.M. <span class=\"_ _0\"> </span>Poni\u017cej <span class=\"_ _1\"> </span>przedstawiono <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zosta\u0142e <span class=\"_ _0\"> </span>sp\u00f3\u0142ki <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:2.2985992px;\">KGHM Polska Mied\u017a <span class=\"_ _3\"></span>S.A. w podzia<span class=\"_ _3\"></span>le na segmenty: KGHM I<span class=\"_ _3\"></span>NTERNATIONAL LTD. <span class=\"_ _3\"></span>oraz Pozosta\u0142e segmen<span class=\"_ _3\"></span>ty. </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:208.26837px; bottom:656.7093px;\">SEGMENT K<span class=\"_ _2\"></span>GHM INTERNATI<span class=\"_ _2\"></span>ONAL L<span class=\"_ _2\"></span>TD. </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:642.0453px;\">Lokalizacja<span class=\"_ _2\"></span> <span class=\"_ _85\"> </span>Nazwa Sp\u00f3\u0142ki<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:604.9173px;\">Stany Zjedn<span class=\"_ _2\"></span>oczone </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:617.2413px;\">Carlota Copp<span class=\"_ _2\"></span>er Company, Carl<span class=\"_ _2\"></span>ota Hold<span class=\"_ _2\"></span>ings Compan<span class=\"_ _2\"></span>y, DMC Mining Ser<span class=\"_ _2\"></span>vices </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:604.9173px;\">Corporati<span class=\"_ _2\"></span>on, FNX Mining<span class=\"_ _2\"></span> Company USA Inc<span class=\"_ _2\"></span>., Robinson Hold<span class=\"_ _2\"></span>ings (USA) Ltd<span class=\"_ _2\"></span>., </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:592.4373px;\">Robinson<span class=\"_ _2\"></span> Nevada Mining Com<span class=\"_ _2\"></span>pany, Wen<span class=\"_ _2\"></span>dover Bul<span class=\"_ _2\"></span>k Transhipment C<span class=\"_ _2\"></span>ompany </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:552.9693px;\">Chile </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:565.44934px;\">Aguas de l<span class=\"_ _2\"></span>a Sierra Limit<span class=\"_ _2\"></span>ada, Minera Carr<span class=\"_ _2\"></span>izalillo SpA<span class=\"_ _2\"></span>, KGHM Chile SpA<span class=\"_ _2\"></span>, Quadra </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:552.9693px;\">FNX Holdi<span class=\"_ _2\"></span>ngs Chile Limi<span class=\"_ _2\"></span>tada, Sociedad<span class=\"_ _2\"></span> Contract<span class=\"_ _2\"></span>ual Minera Franke* , D<span class=\"_ _2\"></span>MC </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:540.6453px;\">Mining Ser<span class=\"_ _2\"></span>vices Chile<span class=\"_ _2\"></span> SpA </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:495.40533px;\">Kanada </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:513.96936px;\">KGHM INTERNAT<span class=\"_ _2\"></span>IONAL LTD., <span class=\"_ _2\"></span>0899196 B<span class=\"_ _2\"></span>.C. Ltd., Cent<span class=\"_ _2\"></span>enario Hold<span class=\"_ _2\"></span>ings Ltd., DMC </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:501.48932px;\">Mining Ser<span class=\"_ _2\"></span>vices Ltd<span class=\"_ _2\"></span>., FNX Mining Comp<span class=\"_ _2\"></span>any Inc., FRANK<span class=\"_ _2\"></span>E HOLDINGS L<span class=\"_ _2\"></span>TD., </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:489.16534px;\">KGHM AJAX MIN<span class=\"_ _2\"></span>ING INC., KGH<span class=\"_ _2\"></span>MI HOLDINGS LT<span class=\"_ _2\"></span>D., Quadra F<span class=\"_ _2\"></span>NX Holdin<span class=\"_ _2\"></span>gs </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:476.84137px;\">Partners<span class=\"_ _2\"></span>hip, Sugarloaf Ranch<span class=\"_ _2\"></span>es Ltd. </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:445.01733px;\">Meksyk </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:451.10138px;\">DMC Mining<span class=\"_ _2\"></span> Services<span class=\"_ _2\"></span> Mexico, S.A. de C.V. <span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:438.77734px;\">(<span class=\"ff3\">dawnie<span class=\"_ _2\"></span>j Raise Boring M<span class=\"_ _2\"></span>ining Services S.A.<span class=\"_ _2\"></span> de C.V.</span>) </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:422.39734px;\">Kolumbia <span class=\"_ _86\"> </span>DMC Mining<span class=\"_ _2\"></span> Services<span class=\"_ _2\"></span> Colombia SAS </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:407.10938px;\">Wielka Brytani<span class=\"_ _2\"></span>a <span class=\"_ _87\"> </span>DMC Mining<span class=\"_ _2\"></span> Services<span class=\"_ _2\"></span> (UK) Ltd. </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:391.82135px;\">Luksemburg<span class=\"_ _2\"></span> <span class=\"_ _88\"> </span>Quadra FNX FFI S<span class=\"_ _2\"></span>.\u00e0 r.l. </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:243.05637px; bottom:348.14142px;\">POZOSTA\u0141E SEGME<span class=\"_ _2\"></span>NTY<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:333.47742px;\">Rodzaj dzia\u0142alno\u015bci<span class=\"_ _2\"></span> <span class=\"_ _89\"> </span>Nazwa Sp\u00f3\u0142ki<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:288.86145px;\">Wsparcie<span class=\"_ _2\"></span> g\u0142\u00f3wnego ci\u0105gu<span class=\"_ _2\"></span> technol<span class=\"_ _2\"></span>ogicznego </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:301.34143px;\">BIPROMET S.A.<span class=\"_ _2\"></span>, CBJ sp. z o.o.<span class=\"_ _2\"></span>, \u201eEnerget<span class=\"_ _2\"></span>yka\u201d sp. z o.o., INOV<span class=\"_ _2\"></span>A Sp\u00f3\u0142ka z o.<span class=\"_ _2\"></span>o., </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:288.86145px;\">KGHM CUPRU<span class=\"_ _2\"></span>M  sp. z o.o. \u2013 CB<span class=\"_ _2\"></span>R, KGHM ZANA<span class=\"_ _2\"></span>M S.A., KGHM <span class=\"_ _2\"></span>Metraco S.A<span class=\"_ _2\"></span>., </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:276.5374px;\">PeBeKa S.A., P<span class=\"_ _2\"></span>OL-MIED\u0179 TRAN<span class=\"_ _2\"></span>S  Sp. z o.o., WP<span class=\"_ _2\"></span>EC w Legnicy S<span class=\"_ _2\"></span>.A. </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:218.97345px;\">Dzia\u0142alno\u015b\u0107 u<span class=\"_ _2\"></span>zdrowiskowa, us\u0142ug<span class=\"_ _2\"></span>i hotelars<span class=\"_ _2\"></span>kie </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:231.45343px;\">Interfe<span class=\"_ _2\"></span>rie Medical SPA<span class=\"_ _2\"></span> Sp. z o.o.*, INTERFERI<span class=\"_ _2\"></span>E S.A.*, Uzdro<span class=\"_ _2\"></span>wiska K\u0142odzkie S.<span class=\"_ _2\"></span>A. - </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:218.97345px;\">Grupa PGU, Uzd<span class=\"_ _2\"></span>rowisko Ciepl<span class=\"_ _2\"></span>ice Sp. z o.o. - Grup<span class=\"_ _2\"></span>a PGU, Uzdro<span class=\"_ _2\"></span>wisko Po\u0142czy<span class=\"_ _2\"></span>n </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:206.64948px;\">Grupa PGU S.A<span class=\"_ _2\"></span>., Uzdrowisko \u015awi<span class=\"_ _2\"></span>erad\u00f3w -<span class=\"_ _2\"></span> Czerniawa Sp<span class=\"_ _2\"></span>. z o.o. \u2013 Grup<span class=\"_ _2\"></span>a PGU </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:158.91348px;\">Fundus<span class=\"_ _2\"></span>ze inwestycyjne<span class=\"_ _2\"></span>, dzia\u0142alno\u015b\u0107 fin<span class=\"_ _2\"></span>ansowa </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:165.15344px;\">Fundus<span class=\"_ _2\"></span>z Hotele 01 Sp. z o.o., Fu<span class=\"_ _2\"></span>ndusz Hot<span class=\"_ _2\"></span>ele 01 Sp. z o.o<span class=\"_ _2\"></span>. S.K.A., KGH<span class=\"_ _2\"></span>M TFI S.A., </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:152.67346px;\">KGHM VII FIZAN <span class=\"_ _2\"></span>w likwidacji**, <span class=\"_ _2\"></span>Polska Grup<span class=\"_ _2\"></span>a Uzdrowisk Sp. <span class=\"_ _2\"></span>z o.o. </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:80.28952px;\">Pozosta\u0142a dzia\u0142<span class=\"_ _2\"></span>alno\u015b\u0107 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:117.41748px;\">CENTROZ\u0141OM WR<span class=\"_ _2\"></span>OC\u0141AW S<span class=\"_ _2\"></span>.A., CUPRUM De<span class=\"_ _2\"></span>velopment<span class=\"_ _2\"></span> sp. z o.o., CUPRU<span class=\"_ _2\"></span>M </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:105.093506px;\">Zdrowie sp<span class=\"_ _2\"></span>. z o.o. (<span class=\"ff3\">dawnie<span class=\"_ _2\"></span>j CUPRUM Nieru<span class=\"_ _2\"></span>chomo\u015bci<span class=\"_ _2\"></span> sp. z o.o.</span>), KGHM </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:92.613495px;\">(SHANGHAI) C<span class=\"_ _2\"></span>OPPER TRADING C<span class=\"_ _2\"></span>O., LTD.<span class=\"_ _2\"></span>, KGHM Kupf<span class=\"_ _2\"></span>er AG, MERCUS L<span class=\"_ _2\"></span>ogistyka </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:80.28952px;\">sp. z o.o., MIE<span class=\"_ _2\"></span>DZIOWE CENTRU<span class=\"_ _2\"></span>M ZDROWIA S.A<span class=\"_ _2\"></span>., NITROERG S<span class=\"_ _2\"></span>.A., NITROER<span class=\"_ _2\"></span>G </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:67.80951px;\">SERWIS Sp. z o<span class=\"_ _2\"></span>.o., PHU \"Lubin<span class=\"_ _2\"></span>pex\" Sp. z o.o., PM<span class=\"_ _2\"></span>T Linie Kol<span class=\"_ _2\"></span>ejowe Sp. z o.o., </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:55.485504px;\">WMN \"\u0141AB\u0118DY\"<span class=\"_ _2\"></span> S.A., Zag\u0142\u0119bi<span class=\"_ _2\"></span>e Lubin S.A., OO<span class=\"_ _2\"></span>O ZANAM VOST<span class=\"_ _2\"></span>OK, KGHM </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:254.60016px; bottom:43.16153px;\">Centr<span class=\"_ _2\"></span>um Analityki Sp. z o.o.<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:18.357544px;\"> * Podmio<span class=\"_ _2\"></span>ty zbyte w<span class=\"_ _2\"></span> okresie sprawo<span class=\"_ _2\"></span>zdawczym (Nota 9.<span class=\"_ _2\"></span>8). </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:1.9775391px;\">** Podmio<span class=\"_ _2\"></span>t zlikwidowa<span class=\"_ _2\"></span>ny w dniu 22 li<span class=\"_ _2\"></span>stopada 2022 r.<span class=\"_ _192\"> </span></div>Lokalizacja aktyw<span class=\"_ _3\"></span>\u00f3w g\u00f3rniczych Grupy<span class=\"_ _3\"></span> Kapita\u0142owej KGHM Pol<span class=\"_ _3\"></span>ska Mied\u017a S.A.<span class=\"_ _3\"></span> Legenda:<span class=\"_ _192\"> </span>Kopalnie KGHM<span class=\"_ _8a\"></span>Projekty g\u00f3rnicze KGHM<span class=\"_ _8b\"> </span>Huty KGHM<span class=\"_ _192\"> </span>KA<span class=\"_ _3\"></span>NADA (Ontario, Zag\u0142<span class=\"ffc\">\u0119</span>bie Sudbury)<span class=\"_ _192\"> </span>McCreedy West (Cu, Ni, TPM)<span class=\"_ _192\"> </span>Victoria (Cu, Ni, TPM)<span class=\"_ _192\"> </span>Eksploracja w re<span class=\"_ _3\"></span>gionie<span class=\"_ _192\"> </span>KANADA (Kolumbia Brytyjska)<span class=\"_ _192\"> </span>A<span class=\"_ _3\"></span>jax<span class=\"_ _58\"> </span>(Cu, Au)<span class=\"_ _192\"> </span>USA<span class=\"_ _192\"> </span>(Nevada &amp; Arizona)<span class=\"_ _192\"> </span>Robinson (Cu, Au, M<span class=\"_ _2\"></span>o)<span class=\"_ _192\"> </span>Carlota (Cu)<span class=\"_ _192\"> </span>Eksploracja w regionie<span class=\"_ _192\"> </span>CHILE<span class=\"_ _192\"> </span>(Antofagasta &amp; Ataka<span class=\"_ _3\"></span>ma)<span class=\"_ _192\"> </span>Sierra Gorda (Cu, Mo, Au, Ag)<span class=\"_ _192\"> </span>Eksploracja w regionie<span class=\"_ _192\"> </span>POLSKA<span class=\"_ _192\"> </span>(Dolny <span class=\"ffc\">\u015a</span>l<span class=\"ffc\">\u0105</span>sk)<span class=\"_ _192\"> </span>Polkowice-Sieroszowice (Cu, A<span class=\"_ _3\"></span>g)<span class=\"_ _192\"> </span>Lubin (Cu, Ag)<span class=\"_ _192\"> </span>Rudna (Cu, Ag)<span class=\"_ _192\"> </span>G\u0142og\u00f3w G\u0142<span class=\"ffd\">\u0119</span>boki Przemys\u0142owy (Cu,Ag)<span class=\"_ _192\"> </span>Eksploracja w re<span class=\"_ _3\"></span>gionie<span class=\"_ _192\"> </span>Huta G\u0142og\u00f3w I &amp; G\u0142og\u00f3w<span class=\"_ _2\"></span> II<span class=\"_ _192\"> </span>Huta Legnica<span class=\"_ _192\"> </span>Huta Cedynia (walc\u00f3wka)<span class=\"_ _192\"> </span>Zasadniczy <span class=\"_ _74\"> </span>wp\u0142yw <span class=\"_ _74\"> </span>na  struktur\u0119<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>akty<span class=\"_ _2\"></span>w\u00f3w <span class=\"_ _74\"> </span>i  generowa<span class=\"_ _3\"></span>nie  prz<span class=\"_ _3\"></span>ychod\u00f3w <span class=\"_ _74\"> </span>Grupy  Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _74\"> </span>KGHM  Polska <span class=\"_ _1\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _74\"> </span>S.A.  m<span class=\"_ _3\"></span>a Jednostka <span class=\"_ _59\"> </span>Dominuj\u0105ca <span class=\"_ _5a\"> </span>oraz <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>Kapita\u0142<span class=\"_ _2\"></span>owa <span class=\"_ _59\"> </span>KGHM <span class=\"_ _5a\"> </span>INTERNATIONAL <span class=\"_ _59\"> </span>LTD. <span class=\"_ _59\"> </span>(grupa <span class=\"_ _5a\"> </span>kapita\u0142owa <span class=\"_ _59\"> </span>ni\u017cszego <span class=\"_ _5a\"> </span>szczebla).<span class=\"_ _3\"></span> Dzia\u0142alno\u015b\u0107 <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a S.A. <span class=\"_ _53\"></span>sko<span class=\"_ _2\"></span>ncentrowana <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>przemy\u015ble <span class=\"_ _0\"></span>wydobywcz<span class=\"_ _3\"></span>ym <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>Polsce, <span class=\"_ _0\"></span>natomiast <span class=\"_ _0\"></span>dzia\u0142alno\u015b\u0107 Grupy <span class=\"_ _59\"> </span>Kapita\u0142owej <span class=\"_ _59\"> </span>KGHM <span class=\"_ _59\"> </span>INTE<span class=\"_ _3\"></span>RNATIONAL <span class=\"_ _59\"> </span>LTD. <span class=\"_ _59\"> </span>skonc<span class=\"_ _3\"></span>entrowana <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>przemy\u015ble <span class=\"_ _57\"> </span>wy<span class=\"_ _2\"></span>dobywczym <span class=\"_ _57\"> </span>zlokalizowanym w krajach Ameryki P\u00f3\u0142<span class=\"_ _2\"></span>nocnej i Po\u0142udniowej. Profil <span class=\"_ _2\"></span>dzia\u0142alno\u015bci wi\u0119kszo\u015bci <span class=\"_ _2\"></span>pozosta\u0142ych sp\u00f3\u0142ek zale\u017cnych <span class=\"_ _2\"></span>Grupy Kapita\u0142owej KGHM Polska Mied\u017a <span class=\"_ _3\"></span>S.A. odbiega od g\u0142\u00f3wn<span class=\"_ _3\"></span>ego profilu dzia\u0142al<span class=\"_ _3\"></span>no\u015bci Jednostki Dominuj\u0105<span class=\"_ _3\"></span>cej. Zarz\u0105d <span class=\"_ _54\"> </span>Jedno<span class=\"_ _2\"></span>stki <span class=\"_ _55\"> </span>Dominuj\u0105cej <span class=\"_ _54\"> </span>monit<span class=\"_ _2\"></span>oruje <span class=\"_ _55\"> </span>wyniki <span class=\"_ _55\"> </span>operacyjne <span class=\"_ _55\"> </span>oddzielnie <span class=\"_ _55\"> </span>dla <span class=\"_ _5e\"> </span>poszczeg\u00f3lnych <span class=\"_ _54\"> </span>segment\u00f3w <span class=\"_ _55\"> </span>w <span class=\"_ _5e\"> </span>celu podejmowania dec<span class=\"_ _3\"></span>yzji o alokowa<span class=\"_ _3\"></span>niu zasob\u00f3w Grupy Kapi<span class=\"_ _3\"></span>ta\u0142owej oraz oceny osi\u0105gan<span class=\"_ _3\"></span>ych wynik\u00f3w <span class=\"_ _3\"></span>finansowych. Dane <span class=\"_ _54\"> </span>finansowe <span class=\"_ _54\"> </span>przygotowywane <span class=\"_ _54\"> </span>dla <span class=\"_ _54\"> </span>cel\u00f3w <span class=\"_ _54\"> </span>sprawozdawczo\u015bci <span class=\"_ _54\"> </span>zarz\u0105dczej <span class=\"_ _54\"> </span>oparte <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _54\"> </span>na <span class=\"_ _54\"> </span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _54\"> </span>samych <span class=\"_ _54\"> </span>zasadach rachunkowo\u015bci, <span class=\"_ _53\"></span>jakie <span class=\"_ _0\"></span>stosuje <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _0\"></span>przy <span class=\"_ _53\"></span>spo<span class=\"_ _2\"></span>rz\u0105dzaniu <span class=\"_ _53\"></span>skonsolidowanych <span class=\"_ _53\"></span>sprawozda\u0144 <span class=\"_ _53\"></span>finansowych <span class=\"_ _53\"></span>Grupy, <span class=\"_ _0\"></span>przy <span class=\"_ _0\"></span>czym <span class=\"_ _53\"></span>dane finansowe <span class=\"_ _74\"> </span>poszczeg\u00f3lnych <span class=\"_ _74\"> </span>segment\u00f3w <span class=\"_ _74\"> </span>sprawozdawczych <span class=\"_ _74\"> </span>stanowi\u0105 <span class=\"_ _1\"> </span>warto\u015bci  p<span class=\"_ _3\"></span>ochodz\u0105ce <span class=\"_ _74\"> </span>z  odpowi<span class=\"_ _3\"></span>ednich  spr<span class=\"_ _3\"></span>awozda\u0144 finansowych przed <span class=\"_ _3\"></span>uwzgl\u0119dnieniem <span class=\"_ _3\"></span>korekt konsolidacyjnych <span class=\"_ _3\"></span>na poziomie Grup<span class=\"_ _3\"></span>y Kapita\u0142owej KGH<span class=\"_ _3\"></span>M Polska Mied\u017a S.A. tj.: <span class=\"_ _3\"></span>  \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Segment <span class=\"_ _54\"> </span>KGHM <span class=\"_ _54\"> </span>Polska <span class=\"_ _54\"> </span>M<span class=\"_ _2\"></span>ied\u017a <span class=\"_ _54\"> </span>S.A.  <span class=\"_ _54\"> </span>- <span class=\"_ _54\"> </span>stanowi\u0105 <span class=\"_ _55\"> </span>dane <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>jednostkowego <span class=\"_ _54\"> </span>sprawozdania <span class=\"_ _54\"> </span>finansowego <span class=\"_ _54\"> </span>Jednostki </span></span>Dominuj\u0105cej <span class=\"_ _74\"> </span>sporz\u0105dzon<span class=\"_ _3\"></span>ego <span class=\"_ _74\"> </span>wg <span class=\"_ _74\"> </span>MSSF.  W <span class=\"_ _1\"> </span>jednostkowym <span class=\"_ _1\"> </span>sprawozdaniu <span class=\"_ _74\"> </span>finansowym <span class=\"_ _1\"> </span>udzia\u0142y <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>sp\u00f3\u0142kach <span class=\"_ _74\"> </span>zale\u017cnych (w tym  po\u015bredni  u<span class=\"_ _3\"></span>dzia\u0142  w  K<span class=\"_ _3\"></span>GHM  INTERNATIONAL  L<span class=\"_ _3\"></span>TD.)  ujmowane <span class=\"_ _74\"> </span>s\u0105  wed\u0142ug  kosztu  z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem  odpis\u00f3w<span class=\"_ _3\"></span> aktualizuj\u0105cych, \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Segment <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>INTERNATIONA<span class=\"_ _3\"></span>L <span class=\"_ _0\"></span>LTD. <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"> </span>stanowi\u0105 <span class=\"_ _0\"></span>dane <span class=\"_ _0\"> </span>skonsolidowane <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142ow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"> </span>KGHM <span class=\"_ _0\"></span>INTERNATIONAL  </span></span>LTD. sporz\u0105dzone w<span class=\"_ _3\"></span>g MSSF. Zaanga\u017c<span class=\"_ _3\"></span>owanie w Sierra <span class=\"_ _3\"></span>Gorda S.C.M. uj\u0119te jest metod\u0105 <span class=\"_ _3\"></span>praw w\u0142asno\u015bci, <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Segment  Sierra  Gorda  S.C.M.  \u2013  stanowi  55%  udzia<span class=\"_ _3\"></span>\u0142u  w  aktywach,  zobowi\u0105zaniach,  prz<span class=\"_ _3\"></span>ychodach  i  kosztach  tego </span></span>przedsi\u0119wzi\u0119cia z jed<span class=\"_ _3\"></span>nostkowego spraw<span class=\"_ _3\"></span>ozdania finansowe<span class=\"_ _3\"></span>go Sierra Gorda S.C.<span class=\"_ _3\"></span>M. sporz\u0105dzonego wg MSS<span class=\"_ _3\"></span>F,   \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">Pozosta\u0142e <span class=\"_ _5a\"> </span>segmenty <span class=\"_ _59\"> </span>\u2013<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>stanowi\u0105<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>dane <span class=\"_ _5a\"> </span>zagregowane <span class=\"_ _5a\"> </span>poszczeg\u00f3lny<span class=\"_ _3\"></span>ch <span class=\"_ _5a\"> </span>sp\u00f3\u0142ek <span class=\"_ _5a\"> </span>zale\u017cnych <span class=\"_ _59\"> </span>po<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>dokonaniu <span class=\"_ _59\"> </span>wy\u0142<span class=\"_ _2\"></span>\u0105cze\u0144<span class=\"_ _3\"></span> </span></span>transakcji i sald pomi<span class=\"_ _3\"></span>\u0119dzy nimi.  Miar\u0105 <span class=\"_ _57\"> </span>wynik\u00f3w <span class=\"_ _57\"> </span>segment\u00f3w <span class=\"_ _57\"> </span>analizowan\u0105 <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>Zarz\u0105d <span class=\"_ _57\"> </span>Jednostki <span class=\"_ _57\"> </span>Dominuj\u0105c<span class=\"_ _3\"></span>ej <span class=\"_ _59\"> </span>j<span class=\"_ _3\"></span>est <span class=\"_ _57\"> </span>skorygowana <span class=\"_ _57\"> </span>EBITDA <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>wynik finansowy netto. <span class=\"_ _3\"></span> Grupa <span class=\"_ _53\"></span>definiuje <span class=\"_ _53\"></span>skorygowan\u0105 <span class=\"_ _2\"></span>EBITDA <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>zysk/strat\u0119 <span class=\"_ _53\"></span>netto <span class=\"_ _53\"></span>za <span class=\"_ _2\"></span>okres <span class=\"_ _0\"></span>ustal<span class=\"_ _3\"></span>one <span class=\"_ _53\"></span>zgodnie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>MSSF, <span class=\"_ _2\"></span>z wy\u0142\u0105czeniem <span class=\"_ _53\"></span>podatk\u00f3w<span class=\"_ _3\"></span> (dochodowego <span class=\"_ _53\"></span>bie\u017c\u0105cego <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>odroczonego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>g\u00f3<span class=\"_ _2\"></span>rniczego), <span class=\"_ _53\"></span>przychod\u00f3w <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _53\"></span>f<span class=\"_ _2\"></span>inansowych, <span class=\"_ _53\"></span>pozosta\u0142ych <span class=\"_ _53\"></span>przychod\u00f3w i koszt\u00f3w <span class=\"_ _74\"> </span>operacyjnych, <span class=\"_ _1\"> </span>wyniku <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>zaanga\u017cowania <span class=\"_ _74\"> </span>we <span class=\"_ _74\"> </span>wsp\u00f3lne <span class=\"_ _74\"> </span>przedsi\u0119wzi\u0119cia, <span class=\"_ _74\"> </span>amortyzacji, <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>dpis\u00f3w <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>odwr\u00f3cenia odpis\u00f3w <span class=\"_ _74\"> </span>z  t<span class=\"_ _3\"></span>ytu\u0142u <span class=\"_ _74\"> </span>ut<span class=\"_ _2\"></span>raty <span class=\"_ _74\"> </span>warto\u015bci <span class=\"_ _74\"> </span>rzeczowych <span class=\"_ _74\"> </span>i  ni<span class=\"_ _3\"></span>ematerialnych<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>aktyw\u00f3w  trwa<span class=\"_ _3\"></span>\u0142ych  z<span class=\"_ _3\"></span>aliczonych <span class=\"_ _1\"> </span>do kos<span class=\"_ _2\"></span>zt\u00f3w <span class=\"_ _1\"> </span>dzia\u0142alno\u015bci podstawowej. <span class=\"_ _54\"> </span>Sko<span class=\"_ _2\"></span>rygowana <span class=\"_ _54\"> </span>EBITDA <span class=\"_ _55\"> </span>\u2013 <span class=\"_ _5e\"> </span>jako <span class=\"_ _55\"> </span>miernik <span class=\"_ _55\"> </span>wyniku <span class=\"_ _55\"> </span>niezdefiniowany <span class=\"_ _55\"> </span>przez <span class=\"_ _55\"> </span>MSSF, <span class=\"_ _55\"> </span>nie <span class=\"_ _55\"> </span>st<span class=\"_ _2\"></span>anowi <span class=\"_ _55\"> </span>miernika zestandaryzowan<span class=\"_ _3\"></span>ego  i <span class=\"_ _1\"> </span>spo<span class=\"_ _2\"></span>s\u00f3b <span class=\"_ _74\"> </span>jego  wylicz<span class=\"_ _3\"></span>enia <span class=\"_ _74\"> </span>mo\u017ce<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>r\u00f3\u017cni\u0107  si\u0119<span class=\"_ _3\"></span>  p<span class=\"_ _3\"></span>omi\u0119dzy  podm<span class=\"_ _3\"></span>iotami, <span class=\"_ _74\"> </span>a w zwi\u0105zku <span class=\"_ _74\"> </span>z tym  pr<span class=\"_ _3\"></span>ezentacja i kalkulacja  skorygowanej  EBITDA  stosowana  przez  Grup\u0119  mo\u017ce  nie  by\u0107  por\u00f3wnywalna  do  stosowanych  przez  inne podmioty na rynk<span class=\"_ _3\"></span>u.  Przychody  z  t<span class=\"_ _2\"></span>ransakcji  z  podmio<span class=\"_ _2\"></span>tami  zewn\u0119trznymi  i <span class=\"_ _57\"> </span>transakc<span class=\"_ _3\"></span>je <span class=\"_ _57\"> </span>mi\u0119dzy  segmentami  realizowane  s\u0105  na <span class=\"_ _57\"> </span>warunkach rynkowych. <span class=\"_ _0\"> </span>Eliminacje <span class=\"_ _1\"> </span>wzajemn<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>rozrachunk\u00f3w, <span class=\"_ _0\"></span>przychod\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _1\"> </span>koszt\u00f3w <span class=\"_ _1\"> </span>mi\u0119dzy <span class=\"_ _0\"></span>segmentami <span class=\"_ _0\"></span>zaprezentowane <span class=\"_ _1\"> </span>zosta\u0142y w pozycji \u201eKorekty k<span class=\"_ _3\"></span>onsolidacyjne\u201d.<span class=\"_ _3\"></span> Aktywa i <span class=\"_ _2\"></span>zobowi\u0105zania niealokowane dotycz\u0105 <span class=\"_ _2\"></span>sp\u00f3\u0142ek, kt\u00f3re <span class=\"_ _2\"></span>nie zo<span class=\"_ _2\"></span>sta\u0142y zaklasyfikowane do <span class=\"_ _2\"></span>\u017cadnego z segment\u00f3w. Aktywa niealokowane <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>segment\u00f3w <span class=\"_ _1\"> </span>obejmuj\u0105 <span class=\"_ _1\"> </span>\u015brodki <span class=\"_ _1\"> </span>pieni\u0119\u017cne, <span class=\"_ _74\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>od <span class=\"_ _74\"> </span>odbiorc\u00f3w <span class=\"_ _1\"> </span>oraz <span class=\"_ _74\"> </span>aktywa <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>odroczoneg<span class=\"_ _3\"></span>o podatku <span class=\"_ _57\"> </span>dochodowe<span class=\"_ _3\"></span>go. <span class=\"_ _57\"> </span>Zobowi\u0105z<span class=\"_ _3\"></span>ania <span class=\"_ _57\"> </span>niealokowane <span class=\"_ _57\"> </span>do s<span class=\"_ _3\"></span>egment\u00f3w <span class=\"_ _57\"> </span>obejmuj\u0105  zobowi\u0105zania  wo<span class=\"_ _2\"></span>bec <span class=\"_ _57\"> </span>dostawc<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _57\"> </span>oraz zobowi\u0105zania z<span class=\"_ _3\"></span> tytu\u0142u bie\u017c\u0105cego podatku d<span class=\"_ _3\"></span>ochodowego.<span class=\"_ _192\"> </span><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:558.6068px;\">Nota 2.2 Wyniki fina<span class=\"_ _2\"></span>nsowe segm<span class=\"_ _2\"></span>ent\u00f3w sprawo<span class=\"_ _2\"></span>zdawczych </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:543.81256px; bottom:546.1268px;\">od 01.01.2022 do 31.12.2022 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:703.55646px; bottom:533.3348px;\">Pozycje uzgadniaj\u0105ce </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:686.86444px; bottom:522.5708px;\">do danych skonsolidowanych </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:322.13663px; bottom:506.0348px;\">KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:279.39264px; bottom:495.42682px;\">Polska Mied\u017a S.A. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:417.76517px; bottom:506.0348px;\"> KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:359.7445px; bottom:495.42682px;\">INTERNATIONAL LTD. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:492.6449px; bottom:506.0348px;\">Sierra Gorda</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:511.83258px; bottom:495.42682px;\"> S.C.M.* </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:601.5326px; bottom:506.0348px;\">Pozosta\u0142e </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:601.5326px; bottom:495.42682px;\">segmenty </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:697.0045px; bottom:511.3388px;\">Eliminacja </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:667.8325px; bottom:500.73083px;\">danych segmentu<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:665.0245px; bottom:490.1228px;\">Sierra Gorda S.C.M </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:808.8561px; bottom:506.0348px;\">Korekty<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:764.2405px; bottom:495.42682px;\">konsolidacyjne**** </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:874.22034px; bottom:511.3388px;\">Skonsolidowane</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:881.2404px; bottom:500.73083px;\"> sprawozdanie</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:895.2804px; bottom:490.1228px;\"> finansowe </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:477.0188px;\">Nota 2.3 <span class=\"_ _8c\"> </span><span class=\"ff1\">Przychody z um\u00f3w z klientami, z tego: <span class=\"_ _8d\"> </span><span class=\"fc0\">28 429 <span class=\"_ _8e\"> </span>3 217 <span class=\"_ _8e\"> </span>3 974 <span class=\"_ _8f\"> </span>12 889 <span class=\"_ _90\"> </span>(3 974) <span class=\"_ _8f\"> </span>(10 688) <span class=\"_ _91\"> </span>33 847 </span></span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:462.19885px;\">  <span class=\"_ _92\"> </span><span class=\"fc0\">- od innych segment\u00f3w <span class=\"_ _14\"> </span> 565 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _8f\"> </span>10 123 <span class=\"_ _94\"> </span>- <span class=\"_ _91\"> </span>(10<span class=\"_ _2\"></span> 688) <span class=\"_ _93\"> </span>- </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:448.0028px;\">  <span class=\"_ _92\"> </span><span class=\"fc0\">- od klient\u00f3w zewn\u0119trznych <span class=\"_ _95\"> </span>27 864 <span class=\"_ _8e\"> </span>3 217 <span class=\"_ _8e\"> </span>3 974 <span class=\"_ _8e\"> </span>2 766 <span class=\"_ _90\"> </span>(3<span class=\"_ _2\"></span> 974) <span class=\"_ _96\"> </span>- <span class=\"_ _91\"> </span>33 847 </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:433.65082px;\">  <span class=\"_ _92\"> </span>Wynik segmentu - zysk/(strata) netto <span class=\"_ _97\"> </span><span class=\"fc0\">3 533 <span class=\"_ _f\"> </span> 900 <span class=\"_ _f\"> </span> 23<span class=\"_ _2\"></span>9 <span class=\"_ _98\"> </span>( 51) <span class=\"_ _99\"> </span>( 239) <span class=\"_ _9a\"> </span> 392 <span class=\"_ _9b\"> </span>4 774 </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:415.71082px;\">Informacje dodatkowe dotycz\u0105ce istotnych  </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:405.10284px;\">pozycji przychod\u00f3w/koszt\u00f3w segmentu </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:392.77887px;\">Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _8d\"> </span>(1 434) <span class=\"_ _9e\"> </span>( 568) <span class=\"_ _9e\"> </span>( 937) <span class=\"_ _9e\"> </span>( 273) <span class=\"_ _9f\"> </span> 937 <span class=\"_ _a0\"> </span> 36 <span class=\"_ _8f\"> </span>(2 2<span class=\"_ _2\"></span>39) </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:380.45483px;\">(Straty) / odwr\u00f3cenie strat z tytu\u0142u utraty  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:369.84686px;\"> warto\u015bci aktyw\u00f3w trwa\u0142ych, w tym: </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:330.41602px; bottom:375.15088px;\"> 207 <span class=\"_ _f\"> </span> 781 <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _7b\"> </span>( 259) <span class=\"_ _f\"> </span> 72<span class=\"_ _2\"></span>9 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:358.61487px;\">     odwr\u00f3cenie strat z tytu\u0142u utraty  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:348.00687px;\">     warto\u015bci udzielonych po\u017cyczek </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:330.41602px; bottom:353.31085px;\"> 213 <span class=\"_ _f\"> </span> 873 <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _7b\"> </span>( 213) <span class=\"_ _f\"> </span> 87<span class=\"_ _2\"></span>3 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:561.9202px; bottom:330.06686px;\">Stan na 31.12.2022 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:317.27487px;\">  <span class=\"_ _92\"> </span>Aktywa, w tym: <span class=\"_ _9\"> </span><span class=\"fc0\">47 995 <span class=\"_ _8f\"> </span>15 228 <span class=\"_ _8f\"> </span>13 563 <span class=\"_ _8e\"> </span>6 071 <span class=\"_ _a1\"> </span>(13 563) <span class=\"_ _8f\"> </span>(15 850) <span class=\"_ _91\"> </span>53 444 </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:304.9509px;\">   Aktywa segmentu <span class=\"_ _a2\"> </span>47 995 <span class=\"_ _8f\"> </span>15 228 <span class=\"_ _8f\"> </span>13 563 <span class=\"_ _8e\"> </span>6 071 <span class=\"_ _a3\"> </span>(13 563) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>5 854) <span class=\"_ _91\"> </span>53 440 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:291.53488px;\">   Aktywa niealokowane do segment\u00f3w <span class=\"_ _a4\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _a5\"> </span> 4 <span class=\"_ _81\"> </span> 4 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:278.2749px;\">  <span class=\"_ _92\"> </span>Zobowi\u0105zania, w tym: <span class=\"_ _a6\"> </span><span class=\"fc0\">18 320 <span class=\"_ _8f\"> </span>19 276 <span class=\"_ _8f\"> </span>1<span class=\"_ _2\"></span>3 992 <span class=\"_ _9e\"> </span>3 4<span class=\"_ _2\"></span>46 <span class=\"_ _a1\"> </span>(13 992) <span class=\"_ _90\"> </span>(1<span class=\"_ _2\"></span>9 744) <span class=\"_ _91\"> </span>21 298 </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:264.85892px;\">   Zobowi\u0105zania segmentu <span class=\"_ _a7\"> </span>18 320 <span class=\"_ _8f\"> </span>19 276 <span class=\"_ _8f\"> </span>13 992 <span class=\"_ _8e\"> </span>3 446 <span class=\"_ _a3\"> </span>(13 992) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>9 804) <span class=\"_ _91\"> </span>21 238 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:251.5989px;\">   Zobowi\u0105zania niealokowane do segment\u00f3w <span class=\"_ _a8\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _a0\"> </span> 60 <span class=\"_ _a9\"> </span> 60 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:234.12692px;\">  <span class=\"_ _92\"> </span>Inne informacje </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:543.81256px; bottom:232.7229px;\">od 01.01.2022 do 31.12.2022 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:217.74692px;\">Wydatki na rzeczowe aktywa trwa\u0142e  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:207.13892px;\">i warto\u015bci niematerialne - przep\u0142ywy pieni\u0119\u017cne </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:326.9845px; bottom:205.11093px;\">2 731 <span class=\"_ _f\"> </span> 913 <span class=\"_ _8e\"> </span>1 031 <span class=\"_ _f\"> </span> 380 <span class=\"_ _8f\"> </span>(1 0<span class=\"_ _2\"></span>31) <span class=\"_ _a0\"> </span> 94 <span class=\"_ _8e\"> </span>4 118 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:188.73093px;\">Dane produkcyjne i kosztowe </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:543.81256px; bottom:187.63895px;\">od 01.01.2022 do 31.12.2022 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:174.37894px;\">Mied\u017a p\u0142atna (tys. t) <span class=\"_ _aa\"> </span> 586,0 <span class=\"_ _ab\"> </span> 56,2 <span class=\"_ _ab\"> </span> 90,8 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:161.11896px;\">Molibden (mln funt\u00f3w) <span class=\"_ _39\"> </span>- <span class=\"_ _ae\"> </span> 0,1 <span class=\"_ _ae\"> </span> 2,9 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:147.70294px;\">Srebro (t) <span class=\"_ _af\"> </span>1 298,4 <span class=\"_ _ae\"> </span> 2,0 <span class=\"_ _78\"> </span> 26,7 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:134.44296px;\">TPM (tys. troz) <span class=\"_ _b0\"> </span> 87,3 <span class=\"_ _ab\"> </span> 55,9 <span class=\"_ _78\"> </span> 3<span class=\"_ _2\"></span>4,3 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:121.02695px;\">Koszt got\u00f3wkowy produkcji miedzi  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:110.41896px;\">p\u0142atnej (C1)   (USD/funt    PLN/funt)** </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:305.61234px; bottom:109.326965px;\">2,38   10,62 <span class=\"_ _b1\"> </span>2,14   9,57 <span class=\"_ _b1\"> </span>1,50   6,69 <span class=\"_ _5d\"> </span><span class=\"ff1\">  <span class=\"_ _94\"> </span>  <span class=\"_ _94\"> </span>  <span class=\"_ _ad\"> </span>  </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:96.53497px;\">  <span class=\"_ _92\"> </span>Wynik segmentu - skorygowana EBITDA <span class=\"_ _b2\"> </span><span class=\"fc0\">5 400 <span class=\"_ _9e\"> </span>1<span class=\"_ _2\"></span> 001 <span class=\"_ _9e\"> </span>2 190 <span class=\"_ _f\"> </span> 27<span class=\"_ _2\"></span>4 <span class=\"_ _93\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _9b\"> </span>8 865 </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:82.18298px;\">  <span class=\"_ _92\"> </span>Mar\u017ca EBITDA*** <span class=\"_ _b3\"> </span><span class=\"fc0\">19% <span class=\"_ _b4\"> </span>31% <span class=\"_ _b4\"> </span>55% <span class=\"_ _b5\"> </span>2% <span class=\"_ _94\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _b4\"> </span>2<span class=\"_ _2\"></span>3% </span></div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:65.49098px;\"> * 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych i produkcyjnych Sierra Gorda S.C.M. </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:54.88298px;\">** <span class=\"_ _0\"> </span>Jednostkowy <span class=\"_ _0\"> </span>got\u00f3wkowy <span class=\"_ _53\"></span>koszt <span class=\"_ _0\"> </span>produkcji <span class=\"_ _0\"> </span>miedzi <span class=\"_ _0\"> </span>p\u0142atnej <span class=\"_ _0\"> </span>uwzgl\u0119dniaj\u0105cy <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>wydobycia <span class=\"_ _0\"> </span>i <span class=\"_ _0\"> </span>przerobu <span class=\"_ _0\"> </span>urobku, <span class=\"_ _0\"></span>koszt<span class=\"_ _3\"></span>y <span class=\"_ _0\"> </span>transportu, <span class=\"_ _0\"> </span>podatek <span class=\"_ _0\"></span>od <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>ydobycia <span class=\"_ _0\"> </span>niekt\u00f3rych <span class=\"_ _0\"> </span>kopalin, <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>administracyjne <span class=\"_ _0\"> </span>fazy <span class=\"_ _0\"> </span>g\u00f3rniczej <span class=\"_ _53\"></span>oraz <span class=\"_ _0\"> </span>premi\u0119 <span class=\"_ _0\"> </span>przerobow\u0105 <span class=\"_ _0\"> </span>hutniczo-rafinacyjn\u0105 <span class=\"_ _0\"> </span>(TC/RC) </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:44.274994px;\">pomniejszony <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>prod<span class=\"_ _2\"></span>ukt\u00f3w <span class=\"_ _2\"></span>ubocznych.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Koszt <span class=\"_ _53\"></span>C1 <span class=\"_ _2\"></span>odnoszony <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>koncentrac<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>w\u0142asnym <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>rzypadku <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _2\"></span>Polska <span class=\"_ _2\"></span>Mi<span class=\"_ _2\"></span>ed\u017a <span class=\"_ _2\"></span>S.A<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>produktach <span class=\"_ _53\"></span>ko\u0144cowych <span class=\"_ _2\"></span>poszczeg\u00f3ln<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>kopal\u0144 <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>International <span class=\"_ _2\"></span>Ltd. </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:33.666992px;\">i segmentu Sierra Gorda S.C.M. Koszt C1 w PLN/funt zosta\u0142 obliczony wg kursu \u015bredniego NBP (\u015brednia arytmetyczna z dziennych notowa\u0144 wg tabel NBP). </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:23.059006px;\">*** <span class=\"_ _53\"></span>Stosunek <span class=\"_ _2\"></span>skorygowanej <span class=\"_ _53\"></span>E<span class=\"_ _2\"></span>BITDA <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>przychod\u00f3w <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>um\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>klientami. <span class=\"_ _53\"></span>Na <span class=\"_ _53\"></span>potrzeby <span class=\"_ _53\"></span>kalkulacji <span class=\"_ _2\"></span>mar\u017cy <span class=\"_ _53\"></span>EBITDA <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>(23%) <span class=\"_ _53\"></span>skonsolidowane <span class=\"_ _53\"></span>przychody <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>klientami <span class=\"_ _53\"></span>powi\u0119kszone <span class=\"_ _2\"></span>zosta\u0142y <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>przychody <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>um\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>klientami <span class=\"_ _53\"></span>segmentu <span class=\"_ _53\"></span>Sierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:12.451004px;\">[8 865 / (33 847 + 3 974) * 100]  </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:1.8430023px;\">**** Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:578.57294px;\">Wyniki finansow<span class=\"_ _2\"></span>e segment\u00f3w spr<span class=\"_ _2\"></span>awozdawczyc<span class=\"_ _2\"></span>h za okres po<span class=\"_ _2\"></span>r\u00f3wnywalny </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:543.81256px; bottom:567.49695px;\">od 01.01.2021 do 31.12.2021 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:703.55646px; bottom:556.2649px;\">Pozycje uzgadniaj\u0105ce </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:686.86444px; bottom:545.6569px;\">do danych skonsolidowanych </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:322.13663px; bottom:529.1209px;\">KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:279.39264px; bottom:518.35693px;\">Polska Mied\u017a S.A. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:417.76517px; bottom:529.1209px;\"> KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:359.7445px; bottom:518.35693px;\">INTERNATIONAL LTD. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:492.6449px; bottom:529.1209px;\">Sierra Gorda </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:513.0925px; bottom:518.35693px;\">S.C.M.* </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:601.5326px; bottom:529.1209px;\">Pozosta\u0142e </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:601.5326px; bottom:518.35693px;\">segmenty </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:697.0045px; bottom:534.4249px;\">Eliminacja </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:667.8325px; bottom:523.66095px;\">danych segmentu<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:665.0245px; bottom:513.0529px;\">Sierra Gorda S.C.M </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:808.8561px; bottom:529.1209px;\">Korekty<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:764.2405px; bottom:518.35693px;\">konsolidacyjne**** </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:874.22034px; bottom:534.4249px;\">Skonsolidowane</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:881.2404px; bottom:523.66095px;\"> sprawozdanie</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:895.2804px; bottom:513.0529px;\"> finansowe </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:499.94897px;\">Nota 2.3 <span class=\"_ _8c\"> </span><span class=\"ff1\">Przychody z um\u00f3w z klientami, z tego: <span class=\"_ _8d\"> </span><span class=\"fc0\">24 618 <span class=\"_ _8e\"> </span>3 125 <span class=\"_ _9e\"> </span>4<span class=\"_ _2\"></span> 585 <span class=\"_ _8f\"> </span>10 329 <span class=\"_ _90\"> </span>(4 585) <span class=\"_ _9e\"> </span>(8 269) <span class=\"_ _91\"> </span>29 803 </span></span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:485.28497px;\">  <span class=\"_ _92\"> </span><span class=\"fc0\">- od innych segment\u00f3w <span class=\"_ _14\"> </span> 408 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _8e\"> </span>7 861 <span class=\"_ _93\"> </span>- <span class=\"_ _b6\"> </span>(8 269) <span class=\"_ _94\"> </span>- </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:470.62097px;\">  <span class=\"_ _92\"> </span><span class=\"fc0\">- od klient\u00f3w zewn\u0119trznych <span class=\"_ _95\"> </span>24 210 <span class=\"_ _9e\"> </span>3<span class=\"_ _2\"></span> 125 <span class=\"_ _9e\"> </span>4 585 <span class=\"_ _8e\"> </span>2 468 <span class=\"_ _8f\"> </span>(4 585) <span class=\"_ _96\"> </span>- <span class=\"_ _91\"> </span>29 803 </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:456.425px;\">  <span class=\"_ _92\"> </span>Wynik segmentu - zysk/(strata) netto <span class=\"_ _97\"> </span><span class=\"fc0\">5 169 <span class=\"_ _9e\"> </span>2<span class=\"_ _2\"></span> 632 <span class=\"_ _9e\"> </span>3 178 <span class=\"_ _99\"> </span>( 140) <span class=\"_ _90\"> </span>(3 178) <span class=\"_ _9e\"> </span>(1 506) <span class=\"_ _9b\"> </span>6 155 </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:440.201px;\">Informacje dodatkowe dotycz\u0105ce istotnych  </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:429.59296px;\">pozycji przychod\u00f3w/koszt\u00f3w segmentu </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:417.893px;\">Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _8d\"> </span>(1 363) <span class=\"_ _9e\"> </span>( 516) <span class=\"_ _9e\"> </span>( 777) <span class=\"_ _9e\"> </span>( 258) <span class=\"_ _9f\"> </span> 777 <span class=\"_ _a0\"> </span> 14 <span class=\"_ _8f\"> </span>(2<span class=\"_ _2\"></span> 123) </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:405.56897px;\">(Straty) / odwr\u00f3cenie strat z tytu\u0142u utraty  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:394.961px;\"> warto\u015bci aktyw\u00f3w trwa\u0142ych, w tym: </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:326.9845px; bottom:400.265px;\">1 742 <span class=\"_ _9e\"> </span>2 2<span class=\"_ _2\"></span>00 <span class=\"_ _9e\"> </span>2 639 <span class=\"_ _9e\"> </span>( 216) <span class=\"_ _8f\"> </span>(2 6<span class=\"_ _2\"></span>39) <span class=\"_ _8e\"> </span>(1<span class=\"_ _2\"></span> 680) <span class=\"_ _8e\"> </span>2 046 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:383.729px;\">    (straty) / odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:373.121px;\">     inwestycji w sp\u00f3\u0142ki zale\u017cne </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:326.9845px; bottom:378.425px;\">1 010 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _f\"> </span>( 86) <span class=\"_ _94\"> </span>- <span class=\"_ _b8\"> </span>( 924) <span class=\"_ _94\"> </span>- </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:361.733px;\">     (straty) / odwr\u00f3cenie strat z tytu\u0142u utraty  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:351.125px;\">     warto\u015bci udzielonych po\u017cyczek </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:330.41602px; bottom:356.42902px;\"> 752 <span class=\"_ _8e\"> </span>2 380 <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _b8\"> </span>( 752) <span class=\"_ _8e\"> </span>2 3<span class=\"_ _2\"></span>80 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:561.9202px; bottom:334.121px;\">Stan na 31.12.2021 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:322.57703px;\">  <span class=\"_ _92\"> </span>Aktywa, w tym: <span class=\"_ _9\"> </span><span class=\"fc0\">43 458 <span class=\"_ _8f\"> </span>13 646 <span class=\"_ _8f\"> </span>12 232 <span class=\"_ _8e\"> </span>6 066 <span class=\"_ _a1\"> </span>(12 232) <span class=\"_ _8f\"> </span>(15 143) <span class=\"_ _91\"> </span>48 027 </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:310.25302px;\">   Aktywa segmentu <span class=\"_ _a2\"> </span>43 458 <span class=\"_ _8f\"> </span>13 646 <span class=\"_ _8f\"> </span>12 232 <span class=\"_ _8e\"> </span>6 066 <span class=\"_ _a3\"> </span>(12 232) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>5 172) <span class=\"_ _91\"> </span>47 998 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:296.993px;\">   Aktywa niealokowane do segment\u00f3w <span class=\"_ _a4\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _a0\"> </span> 29 <span class=\"_ _a9\"> </span> 29 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:283.57703px;\">  <span class=\"_ _92\"> </span>Zobowi\u0105zania, w tym: <span class=\"_ _a6\"> </span><span class=\"fc0\">17 618 <span class=\"_ _8f\"> </span>18 185 <span class=\"_ _8f\"> </span>1<span class=\"_ _2\"></span>2 844 <span class=\"_ _9e\"> </span>3 3<span class=\"_ _2\"></span>39 <span class=\"_ _a1\"> </span>(12 844) <span class=\"_ _90\"> </span>(1<span class=\"_ _2\"></span>8 253) <span class=\"_ _91\"> </span>20 889 </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:270.31705px;\">   Zobowi\u0105zania segmentu <span class=\"_ _a7\"> </span>17 618 <span class=\"_ _8f\"> </span>18 185 <span class=\"_ _8f\"> </span>12 844 <span class=\"_ _8e\"> </span>3 339 <span class=\"_ _a3\"> </span>(12 844) <span class=\"_ _91\"> </span>(1<span class=\"_ _2\"></span>8 299) <span class=\"_ _91\"> </span>20 843 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:256.90103px;\">   Zobowi\u0105zania niealokowane do segment\u00f3w <span class=\"_ _a8\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _94\"> </span>- <span class=\"_ _93\"> </span>- <span class=\"_ _a0\"> </span> 46 <span class=\"_ _a9\"> </span> 46 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:238.80505px;\">  <span class=\"_ _92\"> </span>Inne informacje <span class=\"_ _b9\"> </span>od 01.01.2021 do 31.12.2021 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:224.45306px;\">Wydatki na rzeczowe aktywa trwa\u0142e  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:213.84506px;\">i warto\u015bci niematerialne - przep\u0142ywy pieni\u0119\u017cne </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:326.9845px; bottom:212.75305px;\">2 407 <span class=\"_ _9e\"> </span>1 0<span class=\"_ _2\"></span>14 <span class=\"_ _b4\"> </span> 6<span class=\"_ _2\"></span>05 <span class=\"_ _f\"> </span> 490 <span class=\"_ _8e\"> </span>( 605) <span class=\"_ _a9\"> </span>( 21) <span class=\"_ _9b\"> </span>3 890 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:188.72906px;\">Dane produkcyjne i kosztowe <span class=\"_ _ba\"> </span>od 01.01.2021 do 31.12.2021 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:174.37708px;\">Mied\u017a p\u0142atna (tys. t) <span class=\"_ _aa\"> </span> 577,6 <span class=\"_ _ab\"> </span> 71,7 <span class=\"_ _9e\"> </span>1<span class=\"_ _2\"></span>04,4 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:161.11707px;\">Molibden (mln funt\u00f3w) <span class=\"_ _39\"> </span>- <span class=\"_ _ae\"> </span> 0,2 <span class=\"_ _a9\"> </span>8,2<span class=\"_ _3\"></span> </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:147.70108px;\">Srebro (t) <span class=\"_ _af\"> </span>1 332,2 <span class=\"_ _ae\"> </span> 2,0 <span class=\"_ _78\"> </span> 31,9 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:134.44109px;\">TPM (tys. troz) <span class=\"_ _bb\"> </span>81,3 <span class=\"_ _f\"> </span>51<span class=\"_ _2\"></span>,3 <span class=\"_ _78\"> </span> 30<span class=\"_ _2\"></span>,9 </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:121.0251px;\">Koszt got\u00f3wkowy produkcji miedzi  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:110.4171px;\">p\u0142atnej (C1)   (USD/funt    PLN/funt)** </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:308.87665px; bottom:109.3251px;\">2,26   8,73 <span class=\"_ _b1\"> </span>2,01   7,78 <span class=\"_ _b1\"> </span>0,78   3,01 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:96.53311px;\">  <span class=\"_ _92\"> </span>Wynik segmentu - skorygowana EBITDA <span class=\"_ _b2\"> </span><span class=\"fc0\">5 474 <span class=\"_ _9e\"> </span>1<span class=\"_ _2\"></span> 340 <span class=\"_ _9e\"> </span>3 167 <span class=\"_ _f\"> </span> 34<span class=\"_ _2\"></span>6 <span class=\"_ _93\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _91\"> </span>1<span class=\"_ _2\"></span>0 327 </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:82.33711px;\">  <span class=\"_ _92\"> </span>Mar\u017ca EBITDA*** <span class=\"_ _b3\"> </span><span class=\"fc0\">22% <span class=\"_ _b4\"> </span>43% <span class=\"_ _b4\"> </span>69% <span class=\"_ _b5\"> </span>3% <span class=\"_ _94\"> </span>- <span class=\"_ _96\"> </span>- <span class=\"_ _b4\"> </span>3<span class=\"_ _2\"></span>0% </span></div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:65.64511px;\"> * 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych i produkcyjnych Sierra Gorda S.C.M. </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:55.037125px;\">** <span class=\"_ _0\"> </span>Jednostkowy <span class=\"_ _0\"> </span>got\u00f3wkowy <span class=\"_ _53\"></span>koszt <span class=\"_ _0\"> </span>produkcji <span class=\"_ _0\"> </span>miedzi <span class=\"_ _0\"> </span>p\u0142atnej <span class=\"_ _0\"> </span>uwzgl\u0119dniaj\u0105cy <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>wydobycia <span class=\"_ _0\"> </span>i <span class=\"_ _0\"> </span>przerobu <span class=\"_ _0\"> </span>urobku, <span class=\"_ _0\"></span>koszt<span class=\"_ _3\"></span>y <span class=\"_ _0\"> </span>transportu, <span class=\"_ _0\"> </span>podatek <span class=\"_ _0\"></span>od <span class=\"_ _53\"></span>w<span class=\"_ _2\"></span>ydobycia <span class=\"_ _0\"> </span>niekt\u00f3rych <span class=\"_ _0\"> </span>kopalin, <span class=\"_ _53\"></span>koszty <span class=\"_ _0\"> </span>administracyjne <span class=\"_ _0\"> </span>fazy <span class=\"_ _0\"> </span>g\u00f3rniczej <span class=\"_ _53\"></span>oraz <span class=\"_ _0\"> </span>premi\u0119 <span class=\"_ _0\"> </span>przerobow\u0105 <span class=\"_ _0\"> </span>hutniczo-rafinacyjn\u0105 <span class=\"_ _0\"> </span>(TC/RC) </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:44.429123px;\">pomniejszony <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>prod<span class=\"_ _2\"></span>ukt\u00f3w <span class=\"_ _2\"></span>ubocznych.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Koszt <span class=\"_ _53\"></span>C1 <span class=\"_ _2\"></span>odnoszony <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>koncentrac<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>w\u0142asnym <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>rzypadku <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _2\"></span>Polska <span class=\"_ _2\"></span>Mi<span class=\"_ _2\"></span>ed\u017a <span class=\"_ _2\"></span>S.A<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>oraz <span class=\"_ _53\"></span>miedzi <span class=\"_ _53\"></span>p\u0142atnej <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>produktach <span class=\"_ _53\"></span>ko\u0144cowych <span class=\"_ _2\"></span>poszczeg\u00f3ln<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>kopal\u0144 <span class=\"_ _2\"></span>segmentu <span class=\"_ _53\"></span>KGHM <span class=\"_ _53\"></span>International <span class=\"_ _2\"></span>Ltd. </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:33.66513px;\">i segmentu Sierra Gorda S.C.M. Koszt C1 w PLN/funt zosta\u0142 obliczony wg kursu \u015bredniego NBP (\u015brednia arytmetyczna z dziennych notowa\u0144 wg tabel NBP). </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:23.057129px;\">*** Stosunek skorygowanej EBITDA do przychod\u00f3w z um\u00f3w z klientami.<span class=\"_ _2\"></span> Na potrzeby kalkulacji mar\u017cy EBITDA Grupy Kapita\u0142owej (30%) skonsolidowane przychody z um\u00f3w z klien<span class=\"_ _2\"></span>tami <span class=\"_ _3\"></span>powi\u0119kszone zosta\u0142y o przychody z um\u00f3w z klie<span class=\"_ _2\"></span>ntami segmentu Sierra Gorda S.C.M. [10 327 </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:12.449142px;\">/ (29 803 + 4 585) * 100] </div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:1.8411407px;\">**** Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu<span class=\"_ _192\"> </span>. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:621.0398px;\">Uzgodnienie EBITDA skorygowana </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:543.81256px; bottom:619.6358px;\">od 01.01.2022 do 31.12.2022 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:322.13663px; bottom:597.95184px;\">KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:279.39264px; bottom:587.3438px;\">Polska Mied\u017a S.A. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:417.76517px; bottom:597.95184px;\"> KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:361.29248px; bottom:587.3438px;\">INTERNATIONAL LTD. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:505.76025px; bottom:597.95184px;\">Pozosta\u0142e </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:505.76025px; bottom:587.3438px;\">segmenty </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:610.8925px; bottom:597.95184px;\">Korekty<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:578.9245px; bottom:587.3438px;\">konsolidacyjne* </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:676.8805px; bottom:603.25586px;\">Skonsolidowane</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:684.21246px; bottom:592.6478px;\"> sprawozdanie</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:697.0045px; bottom:581.88385px;\"> finansowe </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:790.2925px; bottom:597.95184px;\">Sierra Gorda</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:803.2404px; bottom:587.3438px;\"> S.C.M. ** </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:886.0764px; bottom:603.25586px;\">Skorygowana<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:910.25604px; bottom:592.6478px;\">EBITDA<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:863.76843px; bottom:581.88385px;\">(suma segment\u00f3w) </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:341.16864px; bottom:561.7598px;\">1 <span class=\"_ _bc\"> </span>2 <span class=\"_ _bc\"> </span>3 <span class=\"_ _bc\"> </span>4 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:735.692px; bottom:567.06384px;\">5<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:703.55646px; bottom:556.4559px;\">(1+2+3+4) </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:834.5968px; bottom:561.7598px;\">6 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:933.18884px; bottom:567.06384px;\">7<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:913.0589px; bottom:556.4559px;\">(5+6-4) </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:544.13184px;\">Zysk / (Strata) netto <span class=\"_ _25\"> </span><span class=\"fc0\">3 533 <span class=\"_ _7b\"> </span> 900 <span class=\"_ _9f\"> </span>( 51) <span class=\"_ _7b\"> </span> 39<span class=\"_ _2\"></span>2 <span class=\"_ _b6\"> </span>4 774 <span class=\"_ _7b\"> </span> 2<span class=\"_ _2\"></span>39 <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:529.46783px;\">[-]  <span class=\"fc0\">Wynik z zaanga\u017cowania we wsp\u00f3lne  </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:518.85986px;\">       przedsi\u0119wzi\u0119cia </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:343.67633px; bottom:524.1639px;\">- <span class=\"_ _b\"> </span>1 455 <span class=\"_ _94\"> </span>- <span class=\"_ _a5\"> </span>- <span class=\"_ _b\"> </span>1 455 <span class=\"_ _ac\"> </span>- <span class=\"_ _a5\"> </span>  </div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:503.10388px;\">[-]  <span class=\"fc0\">Podatek dochodowy bie\u017c\u0105cy  </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:492.49585px;\">     i odroczony, podatek g\u00f3rniczy*** </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:322.13663px; bottom:497.79987px;\">(1 463) <span class=\"_ _b6\"> </span>( 12<span class=\"_ _2\"></span>2) <span class=\"_ _9f\"> </span>( 3<span class=\"_ _2\"></span>6) <span class=\"_ _b8\"> </span>(<span class=\"_ _2\"></span> 94) <span class=\"_ _bd\"> </span>(1 715) <span class=\"_ _b6\"> </span>( 17<span class=\"_ _2\"></span>7) <span class=\"_ _a5\"> </span>  </div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:478.14386px;\">[-]  <span class=\"fc0\">Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _be\"> </span>(1 434) <span class=\"_ _b6\"> </span>( 56<span class=\"_ _2\"></span>8) <span class=\"_ _9b\"> </span>( 273) <span class=\"_ _bf\"> </span> 36 <span class=\"_ _bd\"> </span>(2 239) <span class=\"_ _b6\"> </span>( 93<span class=\"_ _2\"></span>7) <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:464.7279px;\">[-]  <span class=\"fc0\">Przychody i (koszty) finansowe <span class=\"_ _c0\"> </span>( 269) <span class=\"_ _bd\"> </span>(1 033) <span class=\"_ _7b\"> </span>( 45) <span class=\"_ _b\"> </span>1 075 <span class=\"_ _9b\"> </span>( 272) <span class=\"_ _b6\"> </span>( 8<span class=\"_ _2\"></span>23) <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:451.4679px;\">[-]  <span class=\"fc0\">Pozosta\u0142e przychody i (koszty) operacyjne <span class=\"_ _c1\"> </span>1 299 <span class=\"_ _7b\"> </span> 203 <span class=\"_ _bf\"> </span> 28 <span class=\"_ _b6\"> </span>( 568) <span class=\"_ _7b\"> </span> 962 <span class=\"_ _7b\"> </span>( 14) <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:439.1439px;\">[-]  <span class=\"fc0\">(Straty)/odwr\u00f3cenie strat z tytu\u0142u </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:428.5359px;\">     utraty warto\u015bci aktyw\u00f3w trwa\u0142ych uj\u0119te  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:417.92792px;\">     w kosztach podstawowej  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:407.31992px;\">     dzia\u0142alno\u015bci operacyjnej </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:343.67633px; bottom:423.2319px;\">- <span class=\"_ _7b\"> </span>( 36) <span class=\"_ _a0\"> </span> 1 <span class=\"_ _7b\"> </span>( 4<span class=\"_ _2\"></span>5) <span class=\"_ _b8\"> </span>( 80) <span class=\"_ _a5\"> </span>- <span class=\"_ _a5\"> </span>  </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:394.9959px;\">Wynik segmentu - skorygowana EBITDA <span class=\"_ _c2\"> </span><span class=\"fc0\">5 400 <span class=\"_ _b6\"> </span>1<span class=\"_ _2\"></span> 001 <span class=\"_ _b8\"> </span> 2<span class=\"_ _2\"></span>74 <span class=\"_ _9f\"> </span>( 11) <span class=\"_ _b6\"> </span>6 6<span class=\"_ _2\"></span>64 <span class=\"_ _b6\"> </span>2 190 <span class=\"_ _b6\"> </span>8<span class=\"_ _2\"></span> 865 </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:382.6719px;\"> * <span class=\"ff3\">Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu. </span></div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:372.06393px;\">** 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych Sierra Gorda S.C.M. </div><div class=\"t m15 h6 ffe fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:362.23593px;\">*** Podatek g\u00f3rniczy dotyczy tylko segmentu Sierra Gorda S.C.M.<span class=\"ff3\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:339.30392px;\">Uzgodnienie EBITDA skorygowana </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:543.81256px; bottom:340.23993px;\">od 01.01.2021 do 31.12.2021 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:322.13663px; bottom:319.02396px;\">KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:279.39264px; bottom:308.41595px;\">Polska Mied\u017a S.A. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:417.76517px; bottom:319.02396px;\"> KGHM </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:361.29248px; bottom:308.41595px;\">INTERNATIONAL LTD. </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:505.76025px; bottom:319.02396px;\">Pozosta\u0142e </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:505.76025px; bottom:308.41595px;\">segmenty </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:610.8925px; bottom:319.02396px;\">Korekty<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:578.9245px; bottom:308.41595px;\">konsolidacyjne* </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:676.8805px; bottom:324.32794px;\">Skonsolidowane</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:684.21246px; bottom:313.71994px;\"> sprawozdanie</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:697.0045px; bottom:303.11194px;\"> finansowe </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:790.2925px; bottom:319.02396px;\">Sierra Gorda</div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:803.2404px; bottom:308.41595px;\"> S.C.M. ** </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:886.0764px; bottom:324.32794px;\">Skorygowana<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:910.25604px; bottom:313.71994px;\">EBITDA<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:863.76843px; bottom:303.11194px;\">(suma segment\u00f3w) </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:341.16864px; bottom:282.98795px;\">1 <span class=\"_ _bc\"> </span>2 <span class=\"_ _bc\"> </span>3 <span class=\"_ _bc\"> </span>4 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:735.692px; bottom:288.29196px;\">5<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:703.55646px; bottom:277.68396px;\">(1+2+3+4) </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:834.5968px; bottom:282.98795px;\">6 </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:933.18884px; bottom:288.29196px;\">7<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:913.0589px; bottom:277.68396px;\">(5+6-4) </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:265.35995px;\">Zysk / (Strata) netto <span class=\"_ _25\"> </span><span class=\"fc0\">5 169 <span class=\"_ _b6\"> </span>2<span class=\"_ _2\"></span> 632 <span class=\"_ _9e\"> </span>( 140<span class=\"_ _2\"></span>) <span class=\"_ _8f\"> </span>(1<span class=\"_ _2\"></span> 506) <span class=\"_ _b6\"> </span>6 155 <span class=\"_ _b\"> </span>3 178 <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:250.69598px;\">[-]  <span class=\"fc0\">Wynik z zaanga\u017cowania we wsp\u00f3lne  </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:240.08798px;\">       przedsi\u0119wzi\u0119cia </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:343.67633px; bottom:245.39197px;\">- <span class=\"_ _b\"> </span>2 874 <span class=\"_ _94\"> </span>- <span class=\"_ _a5\"> </span>- <span class=\"_ _b\"> </span>2 874 <span class=\"_ _ac\"> </span>- <span class=\"_ _a5\"> </span>  </div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:224.33197px;\">[-]  <span class=\"fc0\">Podatek dochodowy bie\u017c\u0105cy  </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:213.724px;\">     i odroczony, podatek g\u00f3rniczy*** </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:322.13663px; bottom:219.02798px;\">(1 547) <span class=\"_ _a0\"> </span> 1<span class=\"_ _2\"></span> <span class=\"_ _b8\"> </span>( 63<span class=\"_ _2\"></span>) <span class=\"_ _b8\"> </span>( 60<span class=\"_ _2\"></span>) <span class=\"_ _bd\"> </span>(1 669) <span class=\"_ _bd\"> </span>(1 059) <span class=\"_ _a5\"> </span>  </div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:199.37198px;\">[-]  <span class=\"fc0\">Amortyzacja uj\u0119ta w wyniku finansowym <span class=\"_ _be\"> </span>(1 363) <span class=\"_ _b6\"> </span>( 51<span class=\"_ _2\"></span>6) <span class=\"_ _9b\"> </span>( 258) <span class=\"_ _bf\"> </span> 14 <span class=\"_ _bd\"> </span>(2 123) <span class=\"_ _b6\"> </span>( 77<span class=\"_ _2\"></span>7) <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:185.956px;\">[-]  <span class=\"fc0\">Przychody i (koszty) finansowe <span class=\"_ _c0\"> </span>( 476) <span class=\"_ _b6\"> </span>( 974) <span class=\"_ _b8\"> </span>( 1<span class=\"_ _2\"></span>9) <span class=\"_ _7b\"> </span> 998 <span class=\"_ _b6\"> </span>( 47<span class=\"_ _2\"></span>1) <span class=\"_ _9b\"> </span>(<span class=\"_ _2\"></span> 787) <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:172.696px;\">[-]  <span class=\"fc0\">Pozosta\u0142e przychody i (koszty) operacyjne <span class=\"_ _c1\"> </span>3 088 <span class=\"_ _bf\"> </span> 69 <span class=\"_ _b8\"> </span>( 19) <span class=\"_ _bd\"> </span>(2<span class=\"_ _2\"></span> 427) <span class=\"_ _b8\"> </span> 71<span class=\"_ _2\"></span>1 <span class=\"_ _9a\"> </span>( 5) <span class=\"_ _a5\"> </span>  </span></div><div class=\"t m15 h6 ff2 fs4 fc8 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:160.37201px;\">[-]  <span class=\"fc0\">(Straty)/odwr\u00f3cenie strat z tytu\u0142u </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:149.764px;\">     utraty warto\u015bci aktyw\u00f3w trwa\u0142ych uj\u0119te  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:139.15602px;\">     w kosztach podstawowej  </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:128.54802px;\">     dzia\u0142alno\u015bci operacyjnej </div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:334.30466px; bottom:144.46px;\">( 7) <span class=\"_ _b6\"> </span>( 162) <span class=\"_ _b6\"> </span>( 127) <span class=\"_ _9a\"> </span>(<span class=\"_ _2\"></span> 3) <span class=\"_ _b6\"> </span>( 299) <span class=\"_ _b6\"> </span>2 6<span class=\"_ _2\"></span>39 <span class=\"_ _a5\"> </span>  </div><div class=\"t m15 h6 ff1 fs4 fc2 sc0 ls0 ws0\" style=\"left:55.37674px; bottom:116.22403px;\">Wynik segmentu - skorygowana EBITDA <span class=\"_ _c2\"> </span><span class=\"fc0\">5 474 <span class=\"_ _b6\"> </span>1<span class=\"_ _2\"></span> 340 <span class=\"_ _b8\"> </span> 3<span class=\"_ _2\"></span>46 <span class=\"_ _9f\"> </span>( 28) <span class=\"_ _b6\"> </span>7 1<span class=\"_ _2\"></span>32 <span class=\"_ _b6\"> </span>3 167 <span class=\"_ _bd\"> </span>1<span class=\"_ _2\"></span>0 327 </span></div><div class=\"t m15 h6 ff2 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:103.900024px;\">  * <span class=\"ff3\">Korekty wynikaj\u0105 z eliminacji konsolidacyjnych i danych finansowych sp\u00f3\u0142ek nieprzypisanych do \u017cadnego segmentu. </span></div><div class=\"t m15 h6 ff3 fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:93.29204px;\">** 55% udzia\u0142u Grupy Kapita\u0142owej w danych finansowych Sierra Gorda S.C.M. </div><div class=\"t m15 h6 ffe fs4 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:83.464035px;\">*** Podatek g\u00f3rniczy dotyczy tylko segmentu Sierra Gorda S.C.M.<span class=\"ff3\"> </span></div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:59.752045px;\">Szczeg\u00f3\u0142owe <span class=\"_ _53\"></span>om\u00f3wienie <span class=\"_ _0\"></span>wynik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _0\"></span>poszczeg<span class=\"_ _3\"></span>\u00f3lnych <span class=\"_ _0\"></span>segment\u00f3w <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _53\"></span>zaprezentowane <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>Sprawozdaniu <span class=\"_ _53\"></span>Zarz\u0105du <span class=\"_ _0\"></span>z dzia<span class=\"_ _3\"></span>\u0142alno\u015bci <span class=\"_ _0\"></span>KGHM <span class=\"_ _0\"></span>Polska <span class=\"_ _53\"></span>Mied\u017a <span class=\"_ _0\"></span>S.A. <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>KGHM <span class=\"_ _0\"></span>Polska </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:45.556053px;\">Mied\u017a S.A. w 2<span class=\"_ _3\"></span>022 roku w r<span class=\"_ _3\"></span>ozdzia\u0142ach: </div><div class=\"t md h2c ff7 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:31.360062px;\">-<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">segment KGHM Po<span class=\"_ _3\"></span>lska Mied\u017a S.A<span class=\"_ _3\"></span>. w rozdziale 8, </span></span></div><div class=\"t md h2c ff7 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:17.164062px;\">-<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">segment KGHM INTER<span class=\"_ _3\"></span>NATIONAL<span class=\"_ _3\"></span> LTD. w rozdziale 9,<span class=\"_ _3\"></span> </span></span></div><div class=\"t md h2c ff7 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.008460999px; bottom:3.1240692px;\">-<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">segment Sierra G<span class=\"_ _3\"></span>orda S.C.M. w rozdzia<span class=\"_ _3\"></span>le 10.</span></span><span class=\"ff8\"><span class=\"ff2\"> </span></span></div>Nota 2.3 Przych<span class=\"_ _3\"></span>ody z um\u00f3w z kli<span class=\"_ _3\"></span>entami Grupy Kapita\u0142owej <span class=\"_ _3\"></span>\u2013 podzia\u0142 wed\u0142ug asortym<span class=\"_ _3\"></span>entu Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci W <span class=\"_ _57\"> </span>przychodach <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>um\u00f3w <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>klientami <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>sprawozdaniu <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>ujmowane <span class=\"_ _57\"> </span>s\u0105 <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>powstaj\u0105ce <span class=\"_ _57\"> </span>ze <span class=\"_ _57\"> </span>zwyk\u0142ej <span class=\"_ _57\"> </span>dzia\u0142alno\u015bci<span class=\"_ _3\"></span> operacyjnej Grupy, tj<span class=\"_ _3\"></span>. przychody z<span class=\"_ _3\"></span>e sprzeda\u017cy produkt<span class=\"_ _3\"></span>\u00f3w, towar\u00f3w i ma<span class=\"_ _3\"></span>teria\u0142\u00f3w. Grupa <span class=\"_ _74\"> </span>generuje <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>g\u0142\u00f3wnie  z<span class=\"_ _3\"></span>e  sprz<span class=\"_ _3\"></span>eda\u017cy: <span class=\"_ _74\"> </span>miedzi, <span class=\"_ _74\"> </span>srebra <span class=\"_ _74\"> </span>i  z\u0142ota. <span class=\"_ _1\"> </span>Po<span class=\"_ _2\"></span>zosta\u0142e <span class=\"_ _74\"> </span>mniejsze <span class=\"_ _1\"> </span>strumienie  pr<span class=\"_ _3\"></span>zychod\u00f3w <span class=\"_ _74\"> </span>pochodz\u0105 ze sprzeda\u017cy us\u0142ug (w ty<span class=\"_ _2\"></span>m dystrybucji energii elektrycznej i <span class=\"_ _2\"></span>innych medi\u00f3w oraz us\u0142ug <span class=\"_ _2\"></span>budowy kopal\u0144) oraz pozosta\u0142ych produkt\u00f3w (w tym energii elek<span class=\"_ _3\"></span>trycznej), towar<span class=\"_ _3\"></span>\u00f3w i materia\u0142\u00f3w (w tym stali i r<span class=\"_ _3\"></span>opy naftowej i j<span class=\"_ _3\"></span>ej pochodnych). Grupa  ujmuje  p<span class=\"_ _3\"></span>rzychody  z <span class=\"_ _74\"> </span>um\u00f3w  z  klientami  w  m<span class=\"_ _3\"></span>omencie  spe\u0142n<span class=\"_ _3\"></span>ienia  przez  Grup<span class=\"_ _3\"></span>\u0119  zobowi\u0105za<span class=\"_ _3\"></span>nia  do  wykonania <span class=\"_ _74\"> </span>\u015bwiadczenia, poprzez  przekazanie  przyrze<span class=\"_ _3\"></span>czonego  towaru  lub  us\u0142ugi  nabywcy,  gdzie  przekazan<span class=\"_ _3\"></span>ie  to  stanowi  jednocze\u015bnie  uzyskani<span class=\"_ _3\"></span>e  przez nabywc\u0119 <span class=\"_ _57\"> </span>kontroli <span class=\"_ _57\"> </span>nad <span class=\"_ _57\"> </span>tym <span class=\"_ _57\"> </span>sk\u0142adnikiem <span class=\"_ _59\"> </span>akt<span class=\"_ _3\"></span>yw\u00f3w, <span class=\"_ _57\"> </span>tj. <span class=\"_ _59\"> </span>zdoln<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _57\"> </span>do <span class=\"_ _59\"> </span>bezp<span class=\"_ _3\"></span>o\u015bredniego <span class=\"_ _57\"> </span>rozporz\u0105dzania <span class=\"_ _57\"> </span>przekazanym <span class=\"_ _57\"> </span>sk\u0142adnikie<span class=\"_ _3\"></span>m aktyw\u00f3w <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>uzyskiwania <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>niego <span class=\"_ _1\"> </span>zasadniczo <span class=\"_ _1\"> </span>wszystkich <span class=\"_ _1\"> </span>pozosta\u0142y<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>korzy\u015bci <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>zdolno\u015b\u0107 <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>niedopuszczania <span class=\"_ _1\"> </span>innych <span class=\"_ _1\"> </span>jednostek<span class=\"_ _3\"></span> do rozporz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _2\"></span>sk\u0142<span class=\"_ _2\"></span>adnikiem <span class=\"_ _2\"></span>aktyw\u00f3w <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>uzyskiwania <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>niego <span class=\"_ _2\"></span>korzy\u015bci. <span class=\"_ _2\"></span>Poniewa\u017c <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>wi\u0119kszo\u015bci <span class=\"_ _2\"></span>transakcji <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>po <span class=\"_ _53\"></span>dokonani<span class=\"_ _3\"></span>u wysy\u0142ki <span class=\"_ _1\"> </span>przyrzeczoneg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>towaru <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>przekazaniu <span class=\"_ _1\"> </span>nad <span class=\"_ _1\"> </span>nim <span class=\"_ _1\"> </span>kontroli <span class=\"_ _1\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _1\"> </span>ma <span class=\"_ _1\"> </span>bezwarunkowe <span class=\"_ _0\"> </span>prawo <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>otrzymania <span class=\"_ _1\"> </span>wynagrodzeni<span class=\"_ _3\"></span>a od klienta, <span class=\"_ _0\"></span>gdy\u017c <span class=\"_ _0\"></span>jedynym <span class=\"_ _0\"> </span>warunkiem <span class=\"_ _0\"></span>jego <span class=\"_ _1\"> </span>otrzymania <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>up\u0142yw <span class=\"_ _0\"></span>czasu, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>ujmuje <span class=\"_ _0\"></span>nale\u017cne <span class=\"_ _0\"></span>jej <span class=\"_ _1\"> </span>wynagrodz<span class=\"_ _3\"></span>enie <span class=\"_ _0\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _0\"></span>um\u00f3w z klientami jako nal<span class=\"_ _3\"></span>e\u017cno\u015b\u0107 i tym samym <span class=\"_ _3\"></span>Grupa nie rozpoznaje ak<span class=\"_ _3\"></span>tyw\u00f3w z tytu\u0142u wyk<span class=\"_ _3\"></span>onania  umowy. Ponadto, <span class=\"_ _0\"> </span>przychody <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _0\"></span>us\u0142ug <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>wyniku <span class=\"_ _1\"> </span>finansowym <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>miar\u0119 <span class=\"_ _1\"> </span>up\u0142ywu <span class=\"_ _0\"></span>czasu, <span class=\"_ _1\"> </span>je\u017celi <span class=\"_ _1\"> </span>spe\u0142niony <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>jeden z nast\u0119puj\u0105cych war<span class=\"_ _3\"></span>unk\u00f3w: -<span class=\"ff8\"> <span class=\"_ _57\"> </span><span class=\"ff2\">klient <span class=\"_ _1\"> </span>jednocze\u015bni<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>trzymuje <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>czerpie <span class=\"_ _0\"></span>korzy\u015bci <span class=\"_ _0\"></span>ekonomiczne <span class=\"_ _0\"></span>p\u0142yn\u0105ce <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>miar\u0119 <span class=\"_ _0\"> </span>jak <span class=\"_ _1\"> </span>wykonuje <span class=\"_ _0\"></span>ona <span class=\"_ _0\"></span>swoje </span></span>zobowi\u0105zanie, lub<span class=\"_ _3\"></span> -<span class=\"ff8\"> <span class=\"_ _57\"> </span><span class=\"ff2\">w <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>spe\u0142nienia  zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _57\"> </span>przez  Grup\u0119 <span class=\"_ _57\"> </span>powstaje  lub  zos<span class=\"_ _2\"></span>taje  ulepszony <span class=\"_ _57\"> </span>sk\u0142adnik  aktyw\u00f3w  (np. <span class=\"_ _57\"> </span>produkcja  w toku), </span></span>a kontrol\u0119 nad tym sk<span class=\"_ _3\"></span>\u0142adnikiem w <span class=\"_ _3\"></span>miar\u0119 jego powstawania lub <span class=\"_ _3\"></span>ulepszania, spra<span class=\"_ _3\"></span>wuje klient, lub -<span class=\"ff8\"> <span class=\"_ _57\"> </span><span class=\"ff2\">w wyniku spe\u0142nienia zobowi\u0105zan<span class=\"_ _3\"></span>ia przez Grup\u0119 powstaje sk\u0142adnik<span class=\"_ _3\"></span> aktyw\u00f3w, kt\u00f3ry nie ma alternaty<span class=\"_ _3\"></span>wnego zastosowania dla <span class=\"_ _3\"></span>Grupy </span></span>i jednocze\u015bnie Grupi<span class=\"_ _3\"></span>e przys\u0142uguje egzekw<span class=\"_ _3\"></span>owalne prawo do zap<span class=\"_ _3\"></span>\u0142aty za dotychczas wyk<span class=\"_ _3\"></span>onane \u015bwiadcz<span class=\"_ _3\"></span>enie. Je\u017celi <span class=\"_ _1\"> </span>Grupa <span class=\"_ _74\"> </span>ujmuje <span class=\"_ _1\"> </span>przych\u00f3d <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>dstawie <span class=\"_ _1\"> </span>obmiar\u00f3w <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>przyj\u0119t\u0105 <span class=\"_ _74\"> </span>metod\u0105 <span class=\"_ _1\"> </span>pomiaru <span class=\"_ _74\"> </span>stopnia <span class=\"_ _1\"> </span>zaawansowania <span class=\"_ _1\"> </span>wykonan<span class=\"_ _3\"></span>ia \u015bwiadczenia, <span class=\"_ _1\"> </span>zanim <span class=\"_ _74\"> </span>zostanie <span class=\"_ _74\"> </span>wystawiona <span class=\"_ _1\"> </span>faktura, <span class=\"_ _74\"> </span>ujmuje <span class=\"_ _74\"> </span>nale\u017cne <span class=\"_ _74\"> </span>wynagrodzenie <span class=\"_ _1\"> </span>jako <span class=\"_ _74\"> </span>aktywo <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>umowy <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>przenosi <span class=\"_ _74\"> </span>je <span class=\"_ _74\"> </span>na nale\u017cno\u015bci kiedy pr<span class=\"_ _3\"></span>awo do wynagrodz<span class=\"_ _3\"></span>enia staje si\u0119 bezwarun<span class=\"_ _3\"></span>kowe. Jako <span class=\"_ _1\"> </span>zobowi\u0105zanie <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>wykonani<span class=\"_ _3\"></span>a <span class=\"_ _1\"> </span>\u015bwiadczenia <span class=\"_ _1\"> </span>Grupa <span class=\"_ _1\"> </span>rozpoznaje <span class=\"_ _0\"> </span>ka\u017cde, <span class=\"_ _1\"> </span>zawarte <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>umowie <span class=\"_ _0\"> </span>przyrzeczenie <span class=\"_ _1\"> </span>przekazania <span class=\"_ _1\"> </span>kliento<span class=\"_ _3\"></span>wi towaru <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>us\u0142ugi, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>mo\u017cna wyodr\u0119bni\u0107, <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>grupy <span class=\"_ _2\"></span>wyodr\u0119bnionych towar\u00f3w <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>us\u0142ug, kt<span class=\"_ _2\"></span>\u00f3re s<span class=\"_ _2\"></span>\u0105 zasadniczo takie <span class=\"_ _2\"></span>same <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>taki sam spos\u00f3b <span class=\"_ _2\"></span>przekazywane klientowi. Dla ka\u017cdego zo<span class=\"_ _2\"></span>bowi\u0105zania do wykonania \u015bwiadczenia, Grupa ustala <span class=\"_ _2\"></span>(na po<span class=\"_ _2\"></span>dstawie warunk\u00f3w<span class=\"_ _3\"></span> umownych), <span class=\"_ _2\"></span>czy <span class=\"_ _53\"></span>b\u0119dzie <span class=\"_ _53\"></span>je <span class=\"_ _53\"></span>realizowa\u0107 <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>miar\u0119 <span class=\"_ _53\"></span>up\u0142ywu <span class=\"_ _2\"></span>czasu <span class=\"_ _53\"></span>lub <span class=\"_ _2\"></span>czy <span class=\"_ _53\"></span>spe\u0142ni <span class=\"_ _53\"></span>je w okre\u015blonym <span class=\"_ _2\"></span>momencie. <span class=\"_ _53\"></span>W <span class=\"_ _2\"></span>szczeg\u00f3lno\u015bci <span class=\"_ _53\"></span>dla <span class=\"_ _2\"></span>um\u00f3w na sprzeda\u017c miedzi, srebra i z\u0142<span class=\"_ _2\"></span>ota ka\u017cda jedno<span class=\"_ _2\"></span>stka miary przekazanego towaru (np. 1 <span class=\"_ _2\"></span>tona miedzi lub 1 <span class=\"_ _2\"></span>kg srebra) stanowi o<span class=\"_ _2\"></span>dr\u0119bne<span class=\"_ _3\"></span> zobowi\u0105zanie do wykonania \u015bwiadczenia. W <span class=\"_ _2\"></span>zwi\u0105zku z tym, <span class=\"_ _2\"></span>dla ka\u017cdej sprzeda\u017cy lub <span class=\"_ _2\"></span>wysy\u0142ki produkt\u00f3w, obejmuj\u0105cej wielokrotno<span class=\"_ _3\"></span>\u015b\u0107 jednostki <span class=\"_ _74\"> </span>miary <span class=\"_ _74\"> </span>przekazanego <span class=\"_ _1\"> </span>pro<span class=\"_ _2\"></span>duktu, <span class=\"_ _74\"> </span>kt\u00f3ra <span class=\"_ _74\"> </span>jest  r<span class=\"_ _3\"></span>ealizowana <span class=\"_ _1\"> </span>w  tym <span class=\"_ _74\"> </span>samym <span class=\"_ _74\"> </span>czasie, <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>wype\u0142nia <span class=\"_ _74\"> </span>swoje <span class=\"_ _74\"> </span>zobowi\u0105zania <span class=\"_ _74\"> </span>do wykonania \u015bwiadczen<span class=\"_ _3\"></span>ia oraz ujmuje prz<span class=\"_ _3\"></span>ych\u00f3d, w tym samym mo<span class=\"_ _3\"></span>mencie. W <span class=\"_ _1\"> </span>kontraktach <span class=\"_ _0\"></span>handlowych, <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _0\"></span>wype\u0142nienie <span class=\"_ _1\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"> </span>zachodzi <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>okre\u015blonym <span class=\"_ _0\"> </span>mo<span class=\"_ _2\"></span>menci<span class=\"_ _3\"></span>e czasu, <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>stosuje <span class=\"_ _53\"></span>r\u00f3\u017cne <span class=\"_ _2\"></span>warunki <span class=\"_ _2\"></span>p\u0142atno\u015bci <span class=\"_ _2\"></span>obejmuj\u0105ce <span class=\"_ _2\"></span>zar\u00f3wno <span class=\"_ _53\"></span>przedp\u0142aty do<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>kilku <span class=\"_ _53\"></span>dni <span class=\"_ _2\"></span>przed <span class=\"_ _2\"></span>dostaw\u0105 <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>i odroczone <span class=\"_ _2\"></span>terminy<span class=\"_ _3\"></span> p\u0142atno\u015bci do <span class=\"_ _2\"></span>120 dni, <span class=\"_ _2\"></span>przy czym <span class=\"_ _2\"></span>odroczone t<span class=\"_ _2\"></span>erminy p\u0142atno\u015bci nie <span class=\"_ _2\"></span>dotycz\u0105 srebra. <span class=\"_ _2\"></span>Terminy p\u0142<span class=\"_ _2\"></span>atno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _2\"></span>uzale\u017cnione s\u0105 <span class=\"_ _2\"></span>od o<span class=\"_ _2\"></span>ceny ryzyka kredytowego <span class=\"_ _53\"></span>odbiorcy <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>mo\u017cliwo\u015bci <span class=\"_ _0\"></span>zabezpieczenia <span class=\"_ _53\"></span>nale\u017cno\u015bci. <span class=\"_ _0\"></span>P\u0142atno\u015b\u0107 <span class=\"_ _53\"></span>wynagrodzenia <span class=\"_ _0\"></span>staj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>wymagalna,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>zale\u017cno\u015bci <span class=\"_ _53\"></span>od warunk\u00f3w  umownych,  tj.  przed  zrealizowaniem  przez  Grup\u0119  dostawy <span class=\"_ _57\"> </span>(przedp<span class=\"_ _3\"></span>\u0142ata)  lub <span class=\"_ _57\"> </span>po  wype\u0142nieniu  przez  Grup\u0119  swojego<span class=\"_ _3\"></span> zobowi\u0105zania <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>wyk<span class=\"_ _3\"></span>onania <span class=\"_ _5a\"> </span>\u015bwiadczenia. <span class=\"_ _54\"> </span>Je\u017cel<span class=\"_ _3\"></span>i <span class=\"_ _5a\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _5a\"> </span>otrzymuje <span class=\"_ _5a\"> </span>wy<span class=\"_ _2\"></span>nagrodz<span class=\"_ _3\"></span>enie <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _5a\"> </span>klienta <span class=\"_ _5a\"> </span>przed <span class=\"_ _54\"> </span>wype\u0142nieniem <span class=\"_ _5a\"> </span>swojeg<span class=\"_ _3\"></span>o zobowi\u0105zania <span class=\"_ _74\"> </span>do  wykonania <span class=\"_ _74\"> </span>\u015bwiadczenia,  ujmuje <span class=\"_ _74\"> </span>je  jako  z<span class=\"_ _3\"></span>obowi\u0105zanie <span class=\"_ _74\"> </span>z  tytu\u0142u  um<span class=\"_ _3\"></span>owy.  Nato<span class=\"_ _3\"></span>miast  w <span class=\"_ _74\"> </span>przypadku  odrocz<span class=\"_ _3\"></span>onych termin\u00f3w <span class=\"_ _57\"> </span>p\u0142atno\u015bci, <span class=\"_ _59\"> </span>Grupa <span class=\"_ _57\"> </span>ujmuje <span class=\"_ _59\"> </span>wyma<span class=\"_ _3\"></span>galne <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _59\"> </span>kli<span class=\"_ _3\"></span>enta <span class=\"_ _59\"> </span>wynagrodz<span class=\"_ _3\"></span>enie <span class=\"_ _59\"> </span>jako <span class=\"_ _57\"> </span>nale\u017cno\u015b\u0107, <span class=\"_ _57\"> </span>dopiero <span class=\"_ _59\"> </span>po <span class=\"_ _57\"> </span>przekazaniu <span class=\"_ _59\"> </span>kli<span class=\"_ _3\"></span>entowi<span class=\"_ _3\"></span> przyrzeczonych prod<span class=\"_ _3\"></span>ukt\u00f3w i wystawieniu<span class=\"_ _3\"></span> faktury.    Przychody <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>um\u00f3w <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>klientami <span class=\"_ _2\"></span>ujmuje <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kwocie <span class=\"_ _2\"></span>r\u00f3wnej <span class=\"_ _2\"></span>cenie <span class=\"_ _2\"></span>transakcyjnej, <span class=\"_ _2\"></span>stanowi\u0105cej <span class=\"_ _2\"></span>kwot\u0119 <span class=\"_ _2\"></span>wynagrodzenia, kt<span class=\"_ _2\"></span>\u00f3re <span class=\"_ _2\"></span>\u2013 <span class=\"_ _53\"></span>zgodni<span class=\"_ _3\"></span>e z oczekiwaniem  G<span class=\"_ _2\"></span>rupy <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _57\"> </span>b\u0119dzie <span class=\"_ _57\"> </span>jej <span class=\"_ _57\"> </span>przys\u0142ugiwa\u0107 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zamian <span class=\"_ _57\"> </span>za <span class=\"_ _57\"> </span>przekazanie <span class=\"_ _57\"> </span>przyrzeczonych  d\u00f3br <span class=\"_ _57\"> </span>lub <span class=\"_ _57\"> </span>us\u0142ug<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>rzecz <span class=\"_ _57\"> </span>klienta, z wy\u0142\u0105czeniem kw<span class=\"_ _3\"></span>ot pobranych w im<span class=\"_ _3\"></span>ieniu os\u00f3b trzecich.  Cena <span class=\"_ _1\"> </span>transakc<span class=\"_ _3\"></span>yjna <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>dzwierciedla <span class=\"_ _0\"></span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>zmian\u0119 <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _1\"> </span>pieni\u0105dza<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>czasie, <span class=\"_ _0\"> </span>je\u017celi <span class=\"_ _1\"> </span>umowa <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>klientem <span class=\"_ _1\"> </span>zawiera <span class=\"_ _0\"></span>istotny <span class=\"_ _0\"></span>ele<span class=\"_ _2\"></span>men<span class=\"_ _3\"></span>t finansowania, <span class=\"_ _2\"></span>kt\u00f3ry <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kre\u015bla <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>podst<span class=\"_ _2\"></span>awie <span class=\"_ _2\"></span>umownych <span class=\"_ _2\"></span>warunk\u00f3w <span class=\"_ _2\"></span>p\u0142atno\u015bci, <span class=\"_ _2\"></span>bez <span class=\"_ _2\"></span>wzgl\u0119du <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>to <span class=\"_ _53\"></span>czy <span class=\"_ _2\"></span>zosta\u0142 <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>wyra\u017anie <span class=\"_ _2\"></span>okre\u015blony w umowie. <span class=\"_ _0\"></span>Oceniaj\u0105c, <span class=\"_ _0\"></span>czy <span class=\"_ _0\"></span>komponent <span class=\"_ _0\"> </span>finansowania <span class=\"_ _0\"></span>jest <span class=\"_ _0\"></span>istotny <span class=\"_ _0\"></span>dla <span class=\"_ _1\"> </span>umowy, <span class=\"_ _0\"></span>uwzgl\u0119dnia <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>wszystkie <span class=\"_ _0\"></span>fakty <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>okoliczno\u015bci, <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>ym<span class=\"_ _3\"></span> ewentualn\u0105 <span class=\"_ _53\"></span>r\u00f3\u017cnic\u0119 <span class=\"_ _53\"></span>mi\u0119dzy <span class=\"_ _0\"></span>kwo<span class=\"_ _3\"></span>t\u0105 <span class=\"_ _0\"></span>przyrz<span class=\"_ _3\"></span>eczonego <span class=\"_ _0\"></span>wyna<span class=\"_ _3\"></span>grodzenia <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>ce<span class=\"_ _2\"></span>n\u0105 <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>got\u00f3wkowej <span class=\"_ _53\"></span>przyrzeczonych <span class=\"_ _53\"></span>towar\u00f3w <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>us\u0142u<span class=\"_ _3\"></span>g oraz <span class=\"_ _54\"> </span>\u0142\u0105czny <span class=\"_ _5a\"> </span>wp\u0142yw <span class=\"_ _5a\"> </span>obu <span class=\"_ _54\"> </span>nast\u0119puj\u0105cych <span class=\"_ _5a\"> </span>czynnik\u00f3w: <span class=\"_ _5a\"> </span>(<span class=\"_ _2\"></span>i) <span class=\"_ _54\"> </span>przew<span class=\"_ _3\"></span>idywany <span class=\"_ _5a\"> </span>okres <span class=\"_ _54\"> </span>od <span class=\"_ _54\"> </span>m<span class=\"_ _3\"></span>omentu, <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>kt\u00f3rym <span class=\"_ _54\"> </span>jednos<span class=\"_ _3\"></span>tka <span class=\"_ _54\"> </span>przekazuj<span class=\"_ _3\"></span>e przyrzeczone <span class=\"_ _0\"></span>towary <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>us\u0142ugi <span class=\"_ _0\"></span>klientowi <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>momentu, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>kt\u00f3rym <span class=\"_ _0\"></span>klient <span class=\"_ _0\"></span>p\u0142aci <span class=\"_ _0\"></span>za <span class=\"_ _0\"></span>te <span class=\"_ _1\"> </span>towary <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>us\u0142ugi, <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>stopy <span class=\"_ _0\"></span>procentowe<span class=\"_ _3\"></span> obowi\u0105zuj\u0105ce <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>danym <span class=\"_ _0\"></span>rynku. <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>zrealizowanych <span class=\"_ _53\"></span>umowach <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>klient\u00f3w <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>2021 <span class=\"_ _0\"></span>r. <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>zidenty<span class=\"_ _2\"></span>fikowa\u0142<span class=\"_ _3\"></span>a istotny <span class=\"_ _53\"></span>komponent <span class=\"_ _53\"></span>fi<span class=\"_ _2\"></span>nansowani<span class=\"_ _3\"></span>a <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kontrakcie <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>Franco <span class=\"_ _53\"></span>N<span class=\"_ _2\"></span>evada <span class=\"_ _53\"></span>(umowa <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>pisana <span class=\"_ _53\"></span>poni\u017cej <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>cz\u0119\u015bci <span class=\"_ _0\"></span>Wa\u017cne <span class=\"_ _53\"></span>oszacowania, <span class=\"_ _53\"></span>za\u0142o\u017cenia i os\u0105dy). <span class=\"_ _5a\"> </span>Grupa <span class=\"_ _5a\"> </span>przedstawia <span class=\"_ _59\"> </span>skutki <span class=\"_ _5a\"> </span>finansowania <span class=\"_ _5a\"> </span>(koszty <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>odsetek) <span class=\"_ _59\"> </span>odr\u0119bnie <span class=\"_ _5a\"> </span>od <span class=\"_ _5a\"> </span>przychod\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>um\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>klientami w sprawozdaniu <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>ca\u0142kowitych <span class=\"_ _53\"></span>dochod\u00f3w. <span class=\"_ _53\"></span>W <span class=\"_ _0\"></span>kontrakc<span class=\"_ _3\"></span>ie <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _53\"></span>Nevada <span class=\"_ _0\"></span>wyst\u0119pu<span class=\"_ _3\"></span>je <span class=\"_ _0\"></span>r\u00f3wni<span class=\"_ _3\"></span>e\u017c <span class=\"_ _0\"></span>element <span class=\"_ _53\"></span>zmienno\u015bci <span class=\"_ _53\"></span>wynagrodz<span class=\"_ _3\"></span>enia. W takiej <span class=\"_ _57\"> </span>sytuacji  G<span class=\"_ _2\"></span>rupa <span class=\"_ _57\"> </span>rozpoz<span class=\"_ _3\"></span>naje <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>oszacowuj\u0105c  kwot\u0119 <span class=\"_ _57\"> </span>wynagrodzenia,  do<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>kt\u00f3rego <span class=\"_ _57\"> </span>b\u0119dzi<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>uprawniona <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>zamian<span class=\"_ _3\"></span> za przekaza<span class=\"_ _3\"></span>ne <span class=\"_ _0\"></span>dobra <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>rzecz <span class=\"_ _0\"></span>klienta <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>zali<span class=\"_ _3\"></span>cza <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>ceny <span class=\"_ _53\"></span>transakcyjnej <span class=\"_ _0\"></span>cz<span class=\"_ _3\"></span>\u0119\u015b\u0107 <span class=\"_ _0\"></span>lub <span class=\"_ _53\"></span>c<span class=\"_ _2\"></span>a\u0142o\u015b\u0107 <span class=\"_ _0\"></span>kw<span class=\"_ _3\"></span>oty <span class=\"_ _0\"></span>wynagrodze<span class=\"_ _3\"></span>nia <span class=\"_ _0\"></span>zmiennego <span class=\"_ _53\"></span>wy\u0142\u0105cznie<span class=\"_ _3\"></span> w takim <span class=\"_ _55\"> </span>zakresie <span class=\"_ _5e\"> </span>w <span class=\"_ _55\"> </span>jakim <span class=\"_ _5e\"> </span>jest <span class=\"_ _5e\"> </span>wysoce <span class=\"_ _5e\"> </span>prawdop<span class=\"_ _3\"></span>odobne, <span class=\"_ _55\"> </span>\u017ce <span class=\"_ _5e\"> </span>nie <span class=\"_ _5e\"> </span>nast\u0105pi <span class=\"_ _55\"> </span>odwr\u00f3cenie <span class=\"_ _5e\"> </span>znacz\u0105cej <span class=\"_ _55\"> </span>cz\u0119\u015bci <span class=\"_ _5e\"> </span>wcze\u015bniej <span class=\"_ _55\"> </span>uj\u0119tych<span class=\"_ _3\"></span> skumulowanych prz<span class=\"_ _3\"></span>ychod\u00f3w w momencie ki<span class=\"_ _3\"></span>edy niepewno\u015b\u0107 c<span class=\"_ _3\"></span>o do wysoko\u015bci wynagr<span class=\"_ _3\"></span>odzenia ustanie. W  przypadku  transakcji <span class=\"_ _57\"> </span>sprzed<span class=\"_ _3\"></span>a\u017cy  produkt\u00f3w <span class=\"_ _57\"> </span>miedzi  i  srebra,  dla  kt<span class=\"_ _2\"></span>\u00f3rych  ce<span class=\"_ _2\"></span>na  zostanie  ustalona  po  dniu <span class=\"_ _57\"> </span>uj\u0119cia  sprzeda\u017cy<span class=\"_ _3\"></span> w ksi\u0119gach <span class=\"_ _1\"> </span>rachunkowych, <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>moment <span class=\"_ _1\"> </span>pocz\u0105tkowego <span class=\"_ _1\"> </span>uj\u0119cia <span class=\"_ _74\"> </span>transakcji <span class=\"_ _1\"> </span>dokonuje <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>ko<span class=\"_ _2\"></span>rekty <span class=\"_ _1\"> </span>przychod\u00f3w <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _74\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u r\u00f3\u017cnicy  pomi<span class=\"_ _3\"></span>\u0119dzy  cen\u0105 <span class=\"_ _74\"> </span>terminow\u0105 <span class=\"_ _74\"> </span>metalu  wyra\u017con\u0105 <span class=\"_ _74\"> </span>w  USD  z <span class=\"_ _74\"> </span>dnia  rozpoznania <span class=\"_ _74\"> </span>sprzeda\u017cy  na  okres <span class=\"_ _74\"> </span>odpowiadaj\u0105cy  okres<span class=\"_ _3\"></span>owi rozliczenia <span class=\"_ _5a\"> </span>transakcji, <span class=\"_ _5a\"> </span>a <span class=\"_ _5a\"> </span>cen\u0105 <span class=\"_ _59\"> </span>wynikaj\u0105c\u0105 <span class=\"_ _5a\"> </span>z faktury <span class=\"_ _5a\"> </span>prowizorycznej. <span class=\"_ _5a\"> </span>Korekta <span class=\"_ _59\"> </span>t<span class=\"_ _2\"></span>a <span class=\"_ _5a\"> </span>doprowadza<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _5a\"> </span>transakcji <span class=\"_ _5a\"> </span>do <span class=\"_ _5a\"> </span>warto\u015bci oczekiwanej  jako  ceny <span class=\"_ _57\"> </span>transakc<span class=\"_ _3\"></span>yjnej <span class=\"_ _57\"> </span>na  moment  pocz\u0105tkowego  uj\u0119cia.   <span class=\"_ _57\"> </span>Dotyczy  to  wy\u0142<span class=\"_ _2\"></span>\u0105cznie  przypadk\u00f3w,  gdy <span class=\"_ _57\"> </span>zmiana  ceny transakcyjnej <span class=\"_ _53\"></span>wynika <span class=\"_ _53\"></span>ze <span class=\"_ _0\"></span>zmiany <span class=\"_ _53\"></span>ceny <span class=\"_ _0\"></span>metalu. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>tego <span class=\"_ _53\"></span>typu <span class=\"_ _0\"></span>zmiennych <span class=\"_ _53\"></span>przychod\u00f3w <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>ma <span class=\"_ _0\"></span>zastosowania <span class=\"_ _53\"></span>ograniczenie <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>M<span class=\"_ _2\"></span>SSF <span class=\"_ _53\"></span>15 dotycz\u0105ce <span class=\"_ _5a\"> </span>ujmowania <span class=\"_ _5a\"> </span>zmiennego <span class=\"_ _5a\"> </span>wynagrodzenia <span class=\"_ _5a\"> </span>w kwocie, <span class=\"_ _5a\"> </span>co <span class=\"_ _54\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>kt\u00f3re<span class=\"_ _3\"></span>j <span class=\"_ _54\"> </span>j<span class=\"_ _3\"></span>est <span class=\"_ _54\"> </span>wys<span class=\"_ _3\"></span>oce <span class=\"_ _5a\"> </span>prawdopodobne, <span class=\"_ _5a\"> </span>\u017ce <span class=\"_ _5a\"> </span>nie <span class=\"_ _54\"> </span>nast\u0105pi <span class=\"_ _5a\"> </span>jej<span class=\"_ _3\"></span> odwr\u00f3cenie. <span class=\"_ _53\"></span>Zmiany <span class=\"_ _53\"></span>zarachowanej <span class=\"_ _2\"></span>kwoty <span class=\"_ _0\"></span>po <span class=\"_ _53\"></span>momencie <span class=\"_ _53\"></span>uj\u0119cia <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>wp\u0142ywaj\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>przychody <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>lecz <span class=\"_ _53\"></span>stanowi\u0105 <span class=\"_ _53\"></span>zyski/straty z wyceny do wart<span class=\"_ _3\"></span>o\u015bci godziwej nale\u017cno\u015b<span class=\"_ _3\"></span>ci, zgodnie z zasa<span class=\"_ _3\"></span>dami rachunkowo\u015bci <span class=\"_ _3\"></span>przedstawionymi w<span class=\"_ _3\"></span> Nocie 10.2. Przychody <span class=\"_ _1\"> </span>ze <span class=\"_ _58\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>korygowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>o <span class=\"_ _74\"> </span>wynik <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>rozliczenia <span class=\"_ _74\"> </span>instrument\u00f3w <span class=\"_ _1\"> </span>pochodnych <span class=\"_ _1\"> </span>zabezpieczaj\u0105cych <span class=\"_ _1\"> </span>przysz\u0142e <span class=\"_ _74\"> </span>przep\u0142yw<span class=\"_ _3\"></span>y pieni\u0119\u017cne, zgodnie z <span class=\"_ _3\"></span>og\u00f3ln\u0105 zasad\u0105, \u017ce r<span class=\"_ _3\"></span>ozliczenie pochodnego instrumentu <span class=\"_ _3\"></span>zabezpieczaj\u0105cego w cz\u0119\u015bci stan<span class=\"_ _3\"></span>owi\u0105cej zabezpieczeni<span class=\"_ _3\"></span>e efektywne ujmuje si\u0119 w t<span class=\"_ _2\"></span>ej samej pozycji <span class=\"_ _2\"></span>wyniku finansowego, w kt\u00f3rej ujmowana je<span class=\"_ _2\"></span>st wycena pozycji zabezpieczanej w momencie, kiedy pozycja zab<span class=\"_ _3\"></span>ezpieczana wp\u0142ywa <span class=\"_ _3\"></span>na wynik finansowy.<span class=\"_ _3\"></span> Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy Grupa <span class=\"_ _57\"> </span>ujmuje <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>ze <span class=\"_ _57\"> </span>sprzeda\u017cy <span class=\"_ _57\"> </span>produkt\u00f3w,  t<span class=\"_ _2\"></span>owar\u00f3w  i <span class=\"_ _57\"> </span>materia\u0142\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>finansowym <span class=\"_ _57\"> </span>jednoraz<span class=\"_ _3\"></span>owo, <span class=\"_ _57\"> </span>w momencie<span class=\"_ _3\"></span> spe\u0142nienia <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia, <span class=\"_ _0\"></span>w szczeg\u00f3l<span class=\"_ _3\"></span>no\u015bci <span class=\"_ _0\"></span>okre\u015blanym <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>oparciu <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>formu\u0142y <span class=\"_ _0\"></span>baz <span class=\"_ _0\"> </span>dostawy <span class=\"_ _1\"> </span>INCOTERM<span class=\"_ _3\"></span>S. W wi\u0119kszo\u015bci <span class=\"_ _53\"></span>kontrakt\u00f3w, <span class=\"_ _53\"></span>moment <span class=\"_ _53\"></span>przeniesienia <span class=\"_ _53\"></span>kontroli <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>klienta <span class=\"_ _0\"></span>nast\u0119<span class=\"_ _3\"></span>puje <span class=\"_ _53\"></span>po <span class=\"_ _0\"></span>dostarcz<span class=\"_ _3\"></span>eniu <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>klienta, <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>co <span class=\"_ _0\"></span>rozum<span class=\"_ _3\"></span>ie si\u0119 <span class=\"_ _53\"></span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c <span class=\"_ _53\"></span>dostarczenie <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _53\"></span>przewo\u017anikowi <span class=\"_ _53\"></span>lub <span class=\"_ _0\"></span>podstawieni<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>ich <span class=\"_ _0\"></span>klientowi <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>wyznaczony <span class=\"_ _53\"></span>zak\u0142ad <span class=\"_ _0\"></span>(bazy <span class=\"_ _53\"></span>DAP, <span class=\"_ _53\"></span>F<span class=\"_ _2\"></span>CA <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>EX <span class=\"_ _53\"></span>WORKS). W pozosta\u0142ych  k<span class=\"_ _3\"></span>ontraktach  przenie<span class=\"_ _3\"></span>sienie  kontroli  n<span class=\"_ _3\"></span>ad  dobrami <span class=\"_ _74\"> </span>na  klienta  nast\u0119puje  w <span class=\"_ _74\"> </span>momencie  przekazania <span class=\"_ _74\"> </span>przewo\u017anikowi<span class=\"_ _3\"></span> morskiemu na <span class=\"_ _2\"></span>pok\u0142ad stat<span class=\"_ _2\"></span>ku (bazy CFR, <span class=\"_ _2\"></span>CIF, C<span class=\"_ _2\"></span>PT oraz CIP). W <span class=\"_ _2\"></span>tych <span class=\"_ _2\"></span>kontraktach <span class=\"_ _2\"></span>Grupa jest <span class=\"_ _2\"></span>zobowi\u0105zana r\u00f3wnie\u017c <span class=\"_ _2\"></span>do zorganizowania  transportu. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>akich <span class=\"_ _2\"></span>przypadkac<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>dzia\u0142a <span class=\"_ _2\"></span>jako <span class=\"_ _2\"></span>zle<span class=\"_ _2\"></span>ceniodaw<span class=\"_ _3\"></span>ca, <span class=\"_ _2\"></span>poniewa\u017c <span class=\"_ _53\"></span>sprawuje ko<span class=\"_ _2\"></span>ntrol\u0119 nad <span class=\"_ _53\"></span>wykonaniem <span class=\"_ _2\"></span>us\u0142ugi <span class=\"_ _2\"></span>przed <span class=\"_ _2\"></span>jej przekazaniem <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>klienta.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Jednocze\u015bnie <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>przypisuj<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>cz\u0119\u015b\u0107 <span class=\"_ _0\"></span>ceny <span class=\"_ _0\"></span>transakcyjnej <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>us\u0142ugi <span class=\"_ _0\"></span>transportu <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ujmuje <span class=\"_ _0\"></span>przych\u00f3d <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>tego tytu\u0142u w miar\u0119 up\u0142ywu <span class=\"_ _3\"></span>czasu. Grupa <span class=\"_ _74\"> </span>rozpoznaje <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>miar\u0119  up\u0142<span class=\"_ _3\"></span>ywu  cz<span class=\"_ _3\"></span>asu <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _74\"> </span>realizowanych <span class=\"_ _74\"> </span>us\u0142ug <span class=\"_ _74\"> </span>budowy <span class=\"_ _74\"> </span>kopal\u0144 <span class=\"_ _74\"> </span>i  prowadz<span class=\"_ _3\"></span>enia <span class=\"_ _74\"> </span>innych <span class=\"_ _74\"> </span>rob\u00f3t geologicznych. <span class=\"_ _74\"> </span>Grupa  spe\u0142nia  zobowi\u0105zania <span class=\"_ _74\"> </span>w  czasie,  poniewa\u017c<span class=\"_ _3\"></span>  klient  jednocze\u015bni<span class=\"_ _3\"></span>e  otrzymuje<span class=\"_ _3\"></span>  i  czerpie  korzy<span class=\"_ _3\"></span>\u015bci  ekonomiczn<span class=\"_ _3\"></span>e wynikaj\u0105ce <span class=\"_ _5a\"> </span>ze <span class=\"_ _5a\"> </span>\u015bwiadczonej <span class=\"_ _5a\"> </span>us\u0142<span class=\"_ _3\"></span>ugi <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>miar<span class=\"_ _3\"></span>\u0119 <span class=\"_ _5a\"> </span>jej <span class=\"_ _5a\"> </span>wykonywania <span class=\"_ _5a\"> </span>lub <span class=\"_ _5a\"> </span>ze <span class=\"_ _5a\"> </span>wzgl\u0119du <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>wytwarza<span class=\"_ _3\"></span>nie <span class=\"_ _5a\"> </span>sk\u0142adnik\u00f3w, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _5a\"> </span>nie <span class=\"_ _5a\"> </span>maj\u0105 alternatywnego <span class=\"_ _53\"></span>zastosowania <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>Grupy <span class=\"_ _0\"></span>i <span class=\"_ _53\"></span>jedno<span class=\"_ _2\"></span>cze\u015bnie <span class=\"_ _53\"></span>Grupie <span class=\"_ _53\"></span>przys\u0142uguje <span class=\"_ _53\"></span>egzekwowalne <span class=\"_ _53\"></span>prawo <span class=\"_ _0\"></span>do <span class=\"_ _53\"></span>zap\u0142aty. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>pomiaru <span class=\"_ _53\"></span>stopnia zaawansowania <span class=\"_ _0\"></span>wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>stosuje <span class=\"_ _1\"> </span>metod\u0119 <span class=\"_ _0\"></span>opart\u0105 <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>nak\u0142adach <span class=\"_ _1\"> </span>poniesion<span class=\"_ _3\"></span>ych <span class=\"_ _0\"> </span>przy <span class=\"_ _1\"> </span>spe\u0142nianiu <span class=\"_ _0\"></span>zobowi\u0105zania do wykonania <span class=\"_ _0\"></span>\u015bwiadczenia <span class=\"_ _53\"></span>na <span class=\"_ _0\"> </span>bazie <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>niesionych <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>szt\u00f3w <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>innych <span class=\"_ _0\"></span>kontrakt\u00f3w <span class=\"_ _0\"></span>metod\u0119 <span class=\"_ _0\"></span>opart\u0105 <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>wynikach, <span class=\"_ _0\"></span>gdzie <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>g\u00f3ry okre\u015blona cena jedn<span class=\"_ _3\"></span>ostkowa jest <span class=\"_ _3\"></span>stosowana do wyceny j<span class=\"_ _3\"></span>ednostki produkcji (np. <span class=\"_ _3\"></span>do wyceny metr\u00f3w<span class=\"_ _3\"></span> wydr\u0105\u017conego chodnika).<span class=\"_ _3\"></span> Kontrakt z Franco N<span class=\"_ _3\"></span>evada Zobowi\u0105zanie do wy<span class=\"_ _3\"></span>konania \u015bwiadczenia Grupa <span class=\"_ _53\"></span>re<span class=\"_ _2\"></span>alizuje <span class=\"_ _53\"></span>umow\u0119 <span class=\"_ _0\"></span>typu <span class=\"_ _53\"></span>streaming <span class=\"_ _0\"></span>arrangement, <span class=\"_ _53\"></span>stanowi\u0105c\u0105 <span class=\"_ _53\"></span>dost\u0119pne <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>rynku <span class=\"_ _53\"></span>\u017ar\u00f3d\u0142o <span class=\"_ _0\"></span>finansowania <span class=\"_ _53\"></span>jednostek <span class=\"_ _0\"></span>dzia<span class=\"_ _3\"></span>\u0142aj\u0105cych w bran\u017cy wydobywcz<span class=\"_ _3\"></span>ej. Umowa <span class=\"_ _54\"> </span>dotyczy <span class=\"_ _5a\"> </span>sprzeda\u017cy <span class=\"_ _5a\"> </span>po\u0142o<span class=\"_ _2\"></span>wy <span class=\"_ _5a\"> </span>produkcji <span class=\"_ _54\"> </span>z\u0142ota, <span class=\"_ _5a\"> </span>platyny <span class=\"_ _54\"> </span>oraz <span class=\"_ _5a\"> </span>palladu <span class=\"_ _54\"> </span>zawartych <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>rudzie <span class=\"_ _54\"> </span>wydobytej <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>okresie <span class=\"_ _54\"> </span>\u017cyc<span class=\"_ _3\"></span>ia nast\u0119puj\u0105cych <span class=\"_ _0\"></span>kopal\u0144: <span class=\"_ _1\"> </span>Morr<span class=\"_ _192\"> </span>ison, <span class=\"_ _0\"></span>McCreedy <span class=\"_ _1\"> </span>West <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>Podolsky <span class=\"_ _0\"></span>wchodz\u0105cych <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>sk\u0142ad <span class=\"_ _1\"> </span>OWSP <span class=\"_ _1\"> </span>Sudbury. <span class=\"_ _0\"></span>Na <span class=\"_ _1\"> </span>podstawie <span class=\"_ _0\"></span>warunk\u00f3w  umowy <span class=\"_ _59\"> </span>Quadra <span class=\"_ _59\"> </span>FNX <span class=\"_ _59\"> </span>Mining <span class=\"_ _59\"> </span>Ltd. <span class=\"_ _59\"> </span>otrzyma\u0142a <span class=\"_ _59\"> </span>przedp\u0142at\u0119 <span class=\"_ _59\"> </span>w wysoko\u015bci <span class=\"_ _59\"> </span>400 <span class=\"_ _59\"> </span>mln <span class=\"_ _59\"> </span>CAD. <span class=\"_ _59\"> </span>Jednocze\u015bnie, <span class=\"_ _59\"> </span>cena <span class=\"_ _59\"> </span>sprzeda\u017cy <span class=\"_ _59\"> </span>za <span class=\"_ _59\"> </span>uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z <span class=\"_ _2\"></span>umow\u0105, stanowi <span class=\"_ _2\"></span>mniejsza z kwot: (a) 400 <span class=\"_ _2\"></span>USD, <span class=\"_ _2\"></span>powi\u0119kszon<span class=\"_ _3\"></span>e o<span class=\"_ _2\"></span> 1% ka\u017cdego roku <span class=\"_ _2\"></span>pocz\u0105wszy od 2011 r., b\u0105d\u017a (<span class=\"_ _2\"></span>b) <span class=\"_ _2\"></span>cena <span class=\"_ _2\"></span>rynkowa z\u0142<span class=\"_ _2\"></span>ota. <span class=\"_ _2\"></span>Otrzymana<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>przedp\u0142ata <span class=\"_ _2\"></span>pokrywa <span class=\"_ _2\"></span>r\u00f3\u017cnic\u0119 <span class=\"_ _2\"></span>pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>sprzedanej <span class=\"_ _2\"></span>rudy, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>jej <span class=\"_ _2\"></span>warto\u015bci\u0105 w sta\u0142<span class=\"_ _2\"></span>ej cenie <span class=\"_ _2\"></span>sprzeda\u017cy. Grupa uj\u0119\u0142<span class=\"_ _2\"></span>a zobowi\u0105zanie z <span class=\"_ _2\"></span>tytu\u0142u umowy <span class=\"_ _2\"></span>w kwo<span class=\"_ _2\"></span>cie zaliczki z tytu\u0142u <span class=\"_ _2\"></span>zobowi\u0105zania jednostki do <span class=\"_ _2\"></span>wykonania \u015bwiadczenia <span class=\"_ _2\"></span>w postaci <span class=\"_ _53\"></span>przekaza<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>lub <span class=\"_ _2\"></span>gotowo\u015bci <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>przekazani<span class=\"_ _3\"></span>a <span class=\"_ _53\"></span>d\u00f3br <span class=\"_ _2\"></span>lub <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _53\"></span>w przysz\u0142o\u015bci. <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>zaprzestaje <span class=\"_ _53\"></span>ujmowania <span class=\"_ _2\"></span>tego zobowi\u0105zania <span class=\"_ _0\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>umowy <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>ujmuje <span class=\"_ _1\"> </span>przych\u00f3d <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>mo<span class=\"_ _2\"></span>mencie, <span class=\"_ _0\"></span>gdy <span class=\"_ _74\"> </span>przenosi <span class=\"_ _1\"> </span>owe <span class=\"_ _1\"> </span>dobra <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>us\u0142ugi <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>klienta, <span class=\"_ _1\"> </span>spe\u0142niaj\u0105c <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ten spos\u00f3b swoje zob<span class=\"_ _3\"></span>owi\u0105zanie do wykonania <span class=\"_ _3\"></span>\u015bwiadczenia.<span class=\"_ _3\"></span> Wynagrodzenie zmien<span class=\"_ _3\"></span>ne W <span class=\"_ _53\"></span>umowie <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _53\"></span>Nevada <span class=\"_ _2\"></span>\u0142\u0105czna <span class=\"_ _2\"></span>cena <span class=\"_ _53\"></span>transakcyjna <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>zmienna <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>zale\u017cy <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>ilo\u015bci <span class=\"_ _2\"></span>sprzedanych <span class=\"_ _2\"></span>surowc\u00f3w, <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>ta <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>kolei <span class=\"_ _53\"></span>zale\u017cy <span class=\"_ _2\"></span>od wydobycia  rudy  w  przy<span class=\"_ _3\"></span>sz\u0142o\u015bci  przez  okre<span class=\"_ _3\"></span>s  \u017cycia  kopalni  (w  tym<span class=\"_ _3\"></span>  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zat<span class=\"_ _3\"></span>em,  je\u017celi  w  kolejnych <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kresach sprawozdawczych <span class=\"_ _0\"> </span>Grupa <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span>kona<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>zmiany <span class=\"_ _1\"> </span>os\u0105du <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>zakresie <span class=\"_ _1\"> </span>planowanego <span class=\"_ _1\"> </span>wydobycia <span class=\"_ _0\"></span>rudy, <span class=\"_ _1\"> </span>a <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>ko<span class=\"_ _2\"></span>nsekwencji <span class=\"_ _1\"> </span>ilo\u015bci <span class=\"_ _1\"> </span>sprzedanyc<span class=\"_ _3\"></span>h surowc\u00f3w \u2013 dok<span class=\"_ _3\"></span>ona tak\u017ce aktualizacji ceny <span class=\"_ _3\"></span>transakcyjnej. Kwoty <span class=\"_ _74\"> </span>przypisane <span class=\"_ _74\"> </span>do  spe<span class=\"_ _3\"></span>\u0142nionych <span class=\"_ _74\"> </span>zobowi\u0105za\u0144 <span class=\"_ _74\"> </span>do  w<span class=\"_ _3\"></span>ykonania <span class=\"_ _74\"> </span>\u015bwiadczenia <span class=\"_ _74\"> </span>Grupa  ujm<span class=\"_ _3\"></span>uje <span class=\"_ _74\"> </span>jako <span class=\"_ _74\"> </span>przychody <span class=\"_ _74\"> </span>lub  jak<span class=\"_ _3\"></span>o  z<span class=\"_ _3\"></span>mniejszenie przychod\u00f3w w okr<span class=\"_ _3\"></span>esie, w kt\u00f3rym cena tra<span class=\"_ _3\"></span>nsakcyjna uleg\u0142a zmia<span class=\"_ _3\"></span>nie. Istotny element finan<span class=\"_ _3\"></span>sowania W <span class=\"_ _53\"></span>kontek\u015bcie <span class=\"_ _0\"></span>umowy <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>Franco <span class=\"_ _0\"></span>Nevada, <span class=\"_ _53\"></span>maj\u0105c <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>uwadze <span class=\"_ _53\"></span>przewidywany <span class=\"_ _53\"></span>okres <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _53\"></span>momentu, <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>kt\u00f3rym <span class=\"_ _53\"></span>otrzymano <span class=\"_ _53\"></span>przedp\u0142at\u0119 <span class=\"_ _53\"></span>do momentu, <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>kt\u00f3rym <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>przekazuje <span class=\"_ _74\"> </span>przyrzeczone <span class=\"_ _1\"> </span>dobra <span class=\"_ _74\"> </span>(okres <span class=\"_ _1\"> </span>\u017cycia <span class=\"_ _74\"> </span>kopalni, <span class=\"_ _74\"> </span>tj. <span class=\"_ _74\"> </span>kilkadziesi\u0105t <span class=\"_ _1\"> </span>lat) <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>charakter <span class=\"_ _74\"> </span>tej <span class=\"_ _74\"> </span>umowy uznano, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _1\"> </span>rozk\u0142ad <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>czasie <span class=\"_ _1\"> </span>p\u0142atno\u015bci <span class=\"_ _0\"> </span>daje <span class=\"_ _1\"> </span>Grupie <span class=\"_ _1\"> </span>korzy\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _1\"> </span>finansowania <span class=\"_ _1\"> </span>dos<span class=\"_ _3\"></span>tawy <span class=\"_ _1\"> </span>surowc\u00f3w <span class=\"_ _1\"> </span>przez <span class=\"_ _1\"> </span>kupuj\u0105ceg<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>(Franco Nevada), co skutkuj<span class=\"_ _3\"></span>e tym, \u017ce umowa z<span class=\"_ _3\"></span>awiera istotny elem<span class=\"_ _3\"></span>ent finansowania. Grupa <span class=\"_ _53\"></span>przedst<span class=\"_ _2\"></span>awia <span class=\"_ _53\"></span>skutki <span class=\"_ _0\"></span>finansowania <span class=\"_ _0\"></span>(koszty <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>tytu\u0142<span class=\"_ _2\"></span>u <span class=\"_ _0\"></span>odsetek<span class=\"_ _3\"></span>) <span class=\"_ _0\"></span>oddzielnie <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>przychod\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>um\u00f3w <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>klie<span class=\"_ _2\"></span>ntami <span class=\"_ _0\"></span>w sprawozdan<span class=\"_ _3\"></span>iu z wyniku. <span class=\"_ _1\"> </span>Koszty <span class=\"_ _74\"> </span>z <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>dsetek <span class=\"_ _1\"> </span>ujmowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>tylko <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>takim <span class=\"_ _1\"> </span>zakresie, <span class=\"_ _74\"> </span>w <span class=\"_ _1\"> </span>jakim<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>wcze\u015bniej <span class=\"_ _74\"> </span>uj\u0119to <span class=\"_ _74\"> </span>zobowi\u0105zanie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _1\"> </span>umowy z Franco Nevada.<span class=\"_ _3\"></span> Ustalenie ceny tran<span class=\"_ _3\"></span>sakcyjnej przypisane<span class=\"_ _3\"></span>j do pozosta\u0142ych zo<span class=\"_ _3\"></span>bowi\u0105za\u0144 do wykonania<span class=\"_ _3\"></span> \u015bwiadcze\u0144 W <span class=\"_ _74\"> </span>syt<span class=\"_ _2\"></span>uacji, <span class=\"_ _1\"> </span>kiedy<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>na  dz<span class=\"_ _3\"></span>ie\u0144 <span class=\"_ _74\"> </span>ko\u0144cz\u0105cy <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _74\"> </span>sprawozdawczy <span class=\"_ _74\"> </span>Grupa <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>pozosta\u0142e <span class=\"_ _58\"> </span>zobowi\u0105za<span class=\"_ _3\"></span>nia <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>wykonania <span class=\"_ _74\"> </span>\u015bwiadczenia, wymagane  jest  ujawn<span class=\"_ _3\"></span>ienie  ceny <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ransakcyjnej <span class=\"_ _58\"> </span>przypisanej  do <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ych  zobowi\u0105za\u0144 <span class=\"_ _74\"> </span>(MSSF  15.120-122).  Gru<span class=\"_ _3\"></span>pa  stosuje  rozwi\u0105zanie<span class=\"_ _3\"></span> praktyczne <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>ujawnia <span class=\"_ _53\"></span>zobowi\u0105za\u0144 <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>wykonania <span class=\"_ _53\"></span>\u015bwiadcze\u0144 <span class=\"_ _53\"></span>stanowi\u0105cych <span class=\"_ _53\"></span>cz\u0119\u015b\u0107 <span class=\"_ _53\"></span>um\u00f3w, <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _53\"></span>przewidywany <span class=\"_ _53\"></span>pierwotny <span class=\"_ _53\"></span>okre<span class=\"_ _3\"></span>s obowi\u0105zywania wynosi jeden <span class=\"_ _2\"></span>rok lub kr\u00f3cej. <span class=\"_ _2\"></span>Grupa posiada r\u00f3wnie\u017c ko<span class=\"_ _2\"></span>ntrakty d\u0142ugoterminow<span class=\"_ _3\"></span>e, w <span class=\"_ _2\"></span>kt\u00f3rych cena j<span class=\"_ _2\"></span>est oparta g\u0142\u00f3wnie na wynagrodzeniu z<span class=\"_ _3\"></span>miennym, kt\u00f3re<span class=\"_ _3\"></span>go Grupa nie uwzgl\u0119dnia <span class=\"_ _3\"></span>w szacunku <span class=\"_ _3\"></span>ceny transakcyjnej.<span class=\"_ _192\"> </span>Ponadto, <span class=\"_ _2\"></span>Grupa <span class=\"_ _2\"></span>(przez <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>p\u00f3\u0142k\u0119 <span class=\"_ _2\"></span>DMC) <span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>alizuje <span class=\"_ _2\"></span>kontrakty <span class=\"_ _2\"></span>d\u0142ugoterminowe <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>budow\u0119 <span class=\"_ _53\"></span>kopal\u0144, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kt<span class=\"_ _2\"></span>\u00f3rych <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach <span class=\"_ _57\"> </span>spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie, <span class=\"_ _57\"> </span>kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. <span class=\"_ _2\"></span>\u0141\u0105czna <span class=\"_ _2\"></span>kwota <span class=\"_ _2\"></span>ceny <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ransakcyjnej <span class=\"_ _2\"></span>przypisanej <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>zobowi\u0105za\u0144 do<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>wykonania <span class=\"_ _2\"></span>\u015bwiadcze\u0144, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>pozosta\u0142y <span class=\"_ _2\"></span>niespe\u0142nione na <span class=\"_ _2\"></span>koniec <span class=\"_ _2\"></span>okresu <span class=\"_ _53\"></span>sprawozdawcz<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>wynios\u0142a <span class=\"_ _2\"></span>899 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>czego <span class=\"_ _53\"></span>kwota 559 <span class=\"_ _2\"></span>mln <span class=\"_ _53\"></span>PLN <span class=\"_ _2\"></span>zostanie <span class=\"_ _2\"></span>zrealizowana <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>roku <span class=\"_ _2\"></span>2023, kwota 149 mln P<span class=\"_ _3\"></span>LN zostanie zrealizowana w <span class=\"_ _3\"></span>2024 r., a kwota 191 m<span class=\"_ _3\"></span>ln PLN zostanie zrealizowana w <span class=\"_ _3\"></span>2025 r. lub p\u00f3\u017aniej. W tych kon<span class=\"_ _3\"></span>traktach nie wyst\u0119puje zmie<span class=\"_ _3\"></span>nny element wynagr<span class=\"_ _3\"></span>odzenia. Przychody z um<span class=\"_ _3\"></span>\u00f3w z klient<span class=\"_ _3\"></span>ami Grupy Kapita\u0142owej <span class=\"_ _3\"></span>\u2013 podzia\u0142 w<span class=\"_ _3\"></span>ed\u0142ug asortymentu<span class=\"_ _3\"></span> od 01.01.2022 do 3<span class=\"_ _2\"></span>1.12.2022 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL L<span class=\"_ _2\"></span>TD.Sierra Gorda S.C.M<span class=\"_ _2\"></span>.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 22 2072 0153 248 10(3 248)( 51)24 181Srebro 4 341 30 82-( 82)-4 371Z\u0142oto  649 313 269-( 269)- 962Us\u0142ugi  174 595-2 307-(1 745)1 331Energia  35-- 358-( 212) 181S\u00f3l  36---- 23 59\u015arodki strza\u0142owe <span class=\"_ _2\"></span> i materia\u0142y wybu<span class=\"_ _2\"></span>chowe --- 300-( 151) 149Maszyny g\u00f3rnicze<span class=\"_ _2\"></span>, \u015brodki transpor<span class=\"_ _2\"></span>tu i inne t<span class=\"_ _2\"></span>ypy maszyn i urz\u0105dze\u0144 --- 315-( 271) 44Dodatki do paliw --- 159-- 159O\u0142\u00f3w  295----- 295Wyroby z innych met<span class=\"_ _2\"></span>ali nie\u017cel<span class=\"_ _2\"></span>aznych --- 179-( 4) 175Stal --- 623-( 142) 481Ropa naftowa i jej p<span class=\"_ _2\"></span>ochodne --- 528-( 431) 97Pozosta\u0142e towary i m<span class=\"_ _2\"></span>ateria\u0142y  367--7 313-(7 224) 456Pozosta\u0142e produkt<span class=\"_ _2\"></span>y  325 264 375 797( 375)( 480) 906RAZEM 28 4293 2173 97412 889(3 974)(10 688)33 847* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M.<span class=\"_ _192\"> </span>od 01.01.2021 do 3<span class=\"_ _2\"></span>1.12.2021 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL L<span class=\"_ _2\"></span>TD.Sierra Gorda S.C.M<span class=\"_ _2\"></span>.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 19 0792 3253 756 8(3 756)( 32)21 380Srebro 3 990 8 95-( 95)-3 998Z\u0142oto  548 243 212-( 212)- 791Us\u0142ugi  143 426-2 089-(1 581)1 077Energia  51-- 250-( 167) 134S\u00f3l  29---- 32 61\u015arodki strza\u0142owe <span class=\"_ _2\"></span> i materia\u0142y wybu<span class=\"_ _2\"></span>chowe --- 219-( 168) 51Maszyny g\u00f3rnicze<span class=\"_ _2\"></span>, \u015brodki transpor<span class=\"_ _2\"></span>tu i inne t<span class=\"_ _2\"></span>ypy maszyn i urz\u0105dze\u0144 --- 212-( 171) 41Dodatki do paliw --- 123-- 123O\u0142\u00f3w  271----- 271Wyroby z innych met<span class=\"_ _2\"></span>ali nie\u017cel<span class=\"_ _2\"></span>aznych --- 114-( 4) 110Stal --- 604-( 66) 538Ropa naftowa i jej p<span class=\"_ _2\"></span>ochodne --- 325-( 275) 50Pozosta\u0142e towary i m<span class=\"_ _2\"></span>ateria\u0142y  278--5 703-(5 518) 463Pozosta\u0142e produkt<span class=\"_ _2\"></span>y  229 123 522 682( 522)( 319) 715RAZEM 24 6183 1254 58510 329(4 585)(8 269)29 803* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M.<span class=\"_ _192\"> </span>Nota 2.4 Przych<span class=\"_ _3\"></span>ody z um\u00f3w z k<span class=\"_ _3\"></span>lientami Grupy <span class=\"_ _3\"></span>Kapita\u0142owej \u2013 podzia\u0142 <span class=\"_ _3\"></span>wed\u0142ug kat<span class=\"_ _3\"></span>egorii od 01.01.2022 do 3<span class=\"_ _2\"></span>1.12.2022 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em 28 4293 2173 97412 889(3 974)(10 688)33 847Przychody z um\u00f3w sp<span class=\"_ _2\"></span>rzeda\u017cy, dla kt\u00f3<span class=\"_ _2\"></span>rych cena je<span class=\"_ _2\"></span>st ustalana po dn<span class=\"_ _2\"></span>iu uj\u0119ci<span class=\"_ _2\"></span>a sprzeda\u017cy w ksi\u0119gach<span class=\"_ _2\"></span> (zasada M+) z tego: 21 7672 5563 9746 259(3 974)(6 038)24 544   rozliczone 21 0451 4592 0686 259(2 068)(6 038)22 725   nierozliczon<span class=\"_ _2\"></span>e  7221 0971 906-(1 906)-1 819Przychody z tytu\u0142u r<span class=\"_ _2\"></span>ealizacji kontra<span class=\"_ _2\"></span>kt\u00f3w d\u0142ugoterm<span class=\"_ _2\"></span>inowych dotycz\u0105cych b<span class=\"_ _2\"></span>udowy kopal\u0144<span class=\"_ _2\"></span> - 555- 165-( 146) 574Przychody z pozost<span class=\"_ _2\"></span>a\u0142ych um\u00f3w spr<span class=\"_ _2\"></span>zeda\u017cy 6 662 106-6 465 -(4 504)8 729Przychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em, z tego: 28 4293 2173 97412 889(3 974)(10 688)33 847   obj\u0119te faktor<span class=\"_ _2\"></span>ingiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 8 677-- 390-( 304)8 763   nieobj\u0119t<span class=\"_ _2\"></span>e faktoringiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 19 7523 2173 97412 499(3 974)(10 384)25 084* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2022  do 31.12.2022<span class=\"_ _2\"></span> od 01.01.2021  do 31.12.2021<span class=\"_ _2\"></span> Przychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em, z tego: 33 84729 803   przekazywane w o<span class=\"_ _2\"></span>kre\u015blonym mome<span class=\"_ _2\"></span>ncie 32 22928 592   przekazywane w miar<span class=\"_ _2\"></span>\u0119 up\u0142ywu czas<span class=\"_ _2\"></span>u 1 6181 211od 01.01.2021 do 3<span class=\"_ _2\"></span>1.12.2021 Pozycje uzgadniaj\u0105c<span class=\"_ _2\"></span>e  do danych skonsoli<span class=\"_ _2\"></span>dowanych<span class=\"_ _2\"></span> KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M<span class=\"_ _2\"></span>.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em 24 6183 1254 58510 329(4 585)(8 269)29 803Przychody z um\u00f3w sp<span class=\"_ _2\"></span>rzeda\u017cy, dla kt\u00f3<span class=\"_ _2\"></span>rych cena je<span class=\"_ _2\"></span>st ustalana po dn<span class=\"_ _2\"></span>iu uj\u0119ci<span class=\"_ _2\"></span>a sprzeda\u017cy w ksi\u0119gach<span class=\"_ _2\"></span> (zasada M+) z tego: 19 8382 6904 3694 751(4 369)(4 648)22 631   rozliczone 18 9522 6211 8744 751(1 874)(4 648)21 676   nierozliczon<span class=\"_ _2\"></span>e  886 692 495-(2 495)- 955Przychody z tytu\u0142u r<span class=\"_ _2\"></span>ealizacji kontra<span class=\"_ _2\"></span>kt\u00f3w d\u0142ugoterm<span class=\"_ _2\"></span>inowych dotycz\u0105cych b<span class=\"_ _2\"></span>udowy kopal\u0144<span class=\"_ _2\"></span> - 403- 220-( 211) 412Przychody z pozost<span class=\"_ _2\"></span>a\u0142ych um\u00f3w spr<span class=\"_ _2\"></span>zeda\u017cy 4 780 32 2165 358( 216)(3 410)6 760Przychody z um\u00f3w z<span class=\"_ _2\"></span> klientami og\u00f3\u0142<span class=\"_ _2\"></span>em, z tego: 24 6183 1254 58510 329(4 585)(8 269)29 803   obj\u0119te faktor<span class=\"_ _2\"></span>ingiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 8 575-- 106-( 46)8 635   nieobj\u0119t<span class=\"_ _2\"></span>e faktoringiem wier<span class=\"_ _2\"></span>zytelno\u015bciowym 16 0433 1254 58510 223(4 585)(8 223)21 168* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. Nota 2.5 Przych<span class=\"_ _3\"></span>ody z um\u00f3w z k<span class=\"_ _3\"></span>lientami Grupy <span class=\"_ _3\"></span>Kapita\u0142owej \u2013 podzia\u0142 <span class=\"_ _3\"></span>geograficzny <span class=\"_ _3\"></span>wed\u0142ug lokalizacj<span class=\"_ _3\"></span>i finalnych odbi<span class=\"_ _3\"></span>orc\u00f3w od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021       Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych Grupa Kapita\u0142owa KGHM Polska Mied\u017a S.A. KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Pozosta\u0142e segmenty Eliminacja danych segmentu Sierra Gorda S.C.M. Korekty<span class=\"_ _192\"> </span>konsolidacyjne Dane<span class=\"_ _192\"> </span>skonsolidowane Polska 7 158 <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 17 <span class=\"_ _a1\"> </span>12 474 <span class=\"_ _99\"> </span>( 17) <span class=\"_ _c7\"> </span>(10 646) <span class=\"_ _90\"> </span>8 986 7 608 Niemcy 5 502 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 101 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>5 603<span class=\"_ _3\"></span> 3 787 Chiny 2 147 <span class=\"_ _90\"> </span>1 595 <span class=\"_ _90\"> </span>1 701 <span class=\"_ _c8\"> </span>- <span class=\"_ _c9\"> </span>(1 701) <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>3 742 4 158 W\u0142ochy 2 319 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 29 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>2 348 2 022 Czechy 2 250 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 19 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>2 269 1 828 Wielka Brytania 1 676 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 6 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>1 682 1 290 W\u0119gry 1 408 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 11 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>1 419 1 129 Stany Zjednoczone Ameryki  997 <span class=\"_ _99\"> </span> 198 <span class=\"_ _b5\"> </span> 7 <span class=\"_ _98\"> </span> 16 <span class=\"_ _98\"> </span>( 7) <span class=\"_ _98\"> </span>( 1) <span class=\"_ _90\"> </span>1 210 2 261 Francja  896 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 5 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 901  794 Kanada  50 <span class=\"_ _99\"> </span> 855 <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span>( 40) <span class=\"_ _99\"> </span> 865  527 Szwajcaria  790 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 7 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 797  590 Australia  787 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _99\"> </span> 787 1 020 Austria  542 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 28 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 570  457 Tajlandia  437 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 5 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 442  463 Chile  7 <span class=\"_ _99\"> </span> 304 <span class=\"_ _90\"> </span>1 231 <span class=\"_ _b5\"> </span> 1 <span class=\"_ _c9\"> </span>(1 231) <span class=\"_ _98\"> </span>( 1) <span class=\"_ _99\"> </span> 311  201 Turcja  282 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 15 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 297  130 Wietnam  231 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _99\"> </span> 231  336 S\u0142owacja  178 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 19 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 197  140 Filipiny - <span class=\"_ _99\"> </span> 173 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 173  91 Rumunia  138 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 4 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 142  258 S\u0142owenia  130 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 2 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 132  150 Meksyk - <span class=\"_ _98\"> </span> 92 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 92 - Malezja  72 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b4\"> </span> 72  47 Tajwan  69 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b4\"> </span> 69 - Korea Po\u0142udniowa  68 <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 5<span class=\"_ _2\"></span>4 <span class=\"_ _c8\"> </span>- <span class=\"_ _99\"> </span>( 54) <span class=\"_ _c8\"> </span>- <span class=\"_ _b4\"> </span> 68  58 Belgia  51 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 16 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 67  29 Japonia  64 <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 786 <span class=\"_ _c8\"> </span>- <span class=\"_ _90\"> </span>( 786) <span class=\"_ _c8\"> </span>- <span class=\"_ _b4\"> </span> 64  139 Bu\u0142garia  29 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 18 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 47  41 Szwecja - <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 31 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 31  56 Dania  27 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 1 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 28  44 Bo\u015bnia i Hercegowina  23 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 2 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 25 - Litwa  3 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 1<span class=\"_ _2\"></span>9 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 22  12 Estonia  14 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 3 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 17  20 Norwegia - <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 16 <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 16  15 Holandia  7 <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 127 <span class=\"_ _c6\"> </span>- <span class=\"_ _90\"> </span>( 127)<span class=\"_ _3\"></span> <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 7  4 Rosja - <span class=\"_ _c6\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 6 <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 6  26 Indie - <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 1<span class=\"_ _2\"></span>0 <span class=\"_ _c8\"> </span>- <span class=\"_ _99\"> </span>( 10) <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>- - Brazylia - <span class=\"_ _c6\"> </span>- <span class=\"_ _98\"> </span> 3<span class=\"_ _2\"></span>8 <span class=\"_ _c8\"> </span>- <span class=\"_ _99\"> </span>( 38) <span class=\"_ _c8\"> </span>- <span class=\"_ _c6\"> </span>-  8 Pozosta\u0142e kraje  77 <span class=\"_ _c6\"> </span>- <span class=\"_ _b5\"> </span> 3 <span class=\"_ _98\"> </span> 35 <span class=\"_ _98\"> </span>( 3) <span class=\"_ _c6\"> </span>- <span class=\"_ _99\"> </span> 112  64 RAZEM 28 429 <span class=\"_ _90\"> </span>3 217 <span class=\"_ _90\"> </span>3 974 <span class=\"_ _c9\"> </span>12 889 <span class=\"_ _cb\"> </span>(3 974) <span class=\"_ _1a\"> </span>(10 688) <span class=\"_ _c9\"> </span>3<span class=\"_ _2\"></span>3 847 29 803    * 55% udzia\u0142u<span class=\"_ _2\"></span> Grupy Kapita\u0142<span class=\"_ _2\"></span>owej w przychoda<span class=\"_ _2\"></span>ch Sierra Gorda S.C.M<span class=\"_ _2\"></span>.<div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.011001587px; bottom:278.56476px;\">Nota 2.6 G\u0142\u00f3wni kli<span class=\"_ _3\"></span>enci  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.011001587px; bottom:260.46875px;\">W o<span class=\"_ _2\"></span>kresie od <span class=\"_ _2\"></span>1 st<span class=\"_ _2\"></span>ycznia 2022 r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>31 grudnia <span class=\"_ _2\"></span>2022 r. <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>w okr<span class=\"_ _2\"></span>esie po<span class=\"_ _2\"></span>r\u00f3wnywaln<span class=\"_ _3\"></span>ym <span class=\"_ _2\"></span>z \u017cadnym <span class=\"_ _2\"></span>odbiorc\u0105 nie<span class=\"_ _2\"></span> zrealizowano </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.011001587px; bottom:246.27277px;\">przychod\u00f3w przekracza<span class=\"_ _3\"></span>j\u0105cych 10% pr<span class=\"_ _3\"></span>zychod\u00f3w ze sprzeda\u017cy Gru<span class=\"_ _3\"></span>py Kapita\u0142owej. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.011001587px; bottom:218.0368px;\">Nota 2.7 Aktywa tr<span class=\"_ _3\"></span>wa\u0142e \u2013 podzi<span class=\"_ _3\"></span>a\u0142 geograficzny </div><div class=\"c w3f h2e\" style=\"left:436.96698px; bottom:178.88171px;\"><div class=\"t m4 x10 h8 y1a1 ff1 fs6 fc2 sc0 ls0 ws0\">Stan na </div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:431.1831px; bottom:167.80481px;\">31.12.2022 </div><div class=\"c w3f h2e\" style=\"left:531.80304px; bottom:178.88171px;\"><div class=\"t m4 x10 h8 y1a1 ff1 fs6 fc2 sc0 ls0 ws0\">Stan na </div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:525.87506px; bottom:167.80481px;\">31.12.2021 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:60.214523px; bottom:150.95685px;\">Polska </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:462.85107px; bottom:150.95685px;\">25 008<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.6467px; bottom:150.95685px;\">23 545<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:60.214523px; bottom:131.9248px;\">Kanada </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:468.79077px; bottom:131.9248px;\">1 919<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:563.0147px; bottom:131.9248px;\">1 577<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:60.214523px; bottom:113.04883px;\">Stany Zjednoczone A<span class=\"_ _3\"></span>meryki </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:468.79077px; bottom:113.04883px;\">1 841<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:563.0147px; bottom:113.04883px;\">1 765<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:60.214523px; bottom:94.016846px;\">Chile </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:474.7074px; bottom:94.016846px;\"> 204</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:569.09875px; bottom:94.016846px;\"> 229<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:60.214523px; bottom:74.98486px;\">Inne kraje </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:492.65875px; bottom:74.98486px;\">-</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:576.10706px; bottom:74.98486px;\"> 94<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:60.214523px; bottom:55.328857px;\">RAZEM* </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:462.85107px; bottom:55.328857px;\">28 972<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.6467px; bottom:55.328857px;\">27 210<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.011001587px; bottom:26.780884px;\">*<span class=\"ff3\">aktywa <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>rwa\u0142e <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>wy\u0142\u0105czeni<span class=\"_ _2\"></span>em: <span class=\"_ _53\"></span>poch<span class=\"_ _2\"></span>odnych <span class=\"_ _53\"></span>inst<span class=\"_ _2\"></span>rument\u00f3w <span class=\"_ _0\"></span>finansowych, <span class=\"_ _53\"></span>i<span class=\"_ _2\"></span>nnych <span class=\"_ _53\"></span>in<span class=\"_ _2\"></span>strument\u00f3w<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>finanso<span class=\"_ _2\"></span>wych, <span class=\"_ _53\"></span>inn<span class=\"_ _2\"></span>ych <span class=\"_ _53\"></span>aktyw\u00f3w<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>niefin<span class=\"_ _2\"></span>ansowych <span class=\"_ _0\"></span>oraz </span></div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.011001587px; bottom:14.456848px;\">aktyw\u00f3w <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>tytu\u0142u <span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>roczonego <span class=\"_ _2\"></span>podatku <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ochodowe<span class=\"_ _2\"></span>go <span class=\"_ _2\"></span>(MSSF <span class=\"_ _2\"></span>8.33b)<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>\u0142\u0105cznej <span class=\"_ _2\"></span>kwoci<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>11 448 <span class=\"_ _2\"></span>ml<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>na<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>zie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudn<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>(<span class=\"_ _2\"></span>9 813 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.011001587px; bottom:1.9768677px;\">na dzie<span class=\"_ _2\"></span>\u0144 31 grudnia 2021 r.)<span class=\"_ _2\"></span>.<span class=\"_ _192\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-433": {
   "value": "Dane  finansowe  przygotowywane  dla  cel\u00f3w  sprawozdawczo\u015bci  zarz\u0105dczej  oparte  s\u0105  na  tych  samych  zasadach rachunkowo\u015bci, jakie stosuje si\u0119 przy sporz\u0105dzaniu skonsolidowanych sprawozda\u0144 finansowych Grupy, przy czym dane finansowe  poszczeg\u00f3lnych  segment\u00f3w  sprawozdawczych  stanowi\u0105  warto\u015bci  pochodz\u0105ce  z  odpowiednich  sprawozda\u0144 finansowych przed uwzgl\u0119dnieniem korekt konsolidacyjnych na poziomie Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. tj.:   \u2022  Segment  KGHM  Polska  Mied\u017a  S.A.   -  stanowi\u0105  dane  z  jednostkowego  sprawozdania  finansowego  Jednostki Dominuj\u0105cej  sporz\u0105dzonego  wg  MSSF.  W  jednostkowym  sprawozdaniu  finansowym  udzia\u0142y  w  sp\u00f3\u0142kach  zale\u017cnych (w tym  po\u015bredni  udzia\u0142  w  KGHM  INTERNATIONAL  LTD.)  ujmowane  s\u0105  wed\u0142ug  kosztu  z  uwzgl\u0119dnieniem  odpis\u00f3w aktualizuj\u0105cych, \u2022  Segment KGHM INTERNATIONAL LTD. \u2013  stanowi\u0105 dane  skonsolidowane Grupy Kapita\u0142owej  KGHM INTERNATIONAL  LTD. sporz\u0105dzone wg MSSF. Zaanga\u017cowanie w Sierra Gorda S.C.M. uj\u0119te jest metod\u0105 praw w\u0142asno\u015bci,  \u2022  Segment  Sierra  Gorda  S.C.M.  \u2013  stanowi  55%  udzia\u0142u  w  aktywach,  zobowi\u0105zaniach,  przychodach  i  kosztach  tego przedsi\u0119wzi\u0119cia z jednostkowego sprawozdania finansowego Sierra Gorda S.C.M. sporz\u0105dzonego wg MSSF,   \u2022  Pozosta\u0142e  segmenty  \u2013  stanowi\u0105  dane  zagregowane  poszczeg\u00f3lnych  sp\u00f3\u0142ek  zale\u017cnych  po  dokonaniu  wy\u0142\u0105cze\u0144 transakcji i sald pomi\u0119dzy nimi.  Miar\u0105  wynik\u00f3w  segment\u00f3w  analizowan\u0105  przez  Zarz\u0105d  Jednostki  Dominuj\u0105cej  jest  skorygowana  EBITDA  oraz  wynik finansowy netto.  Grupa definiuje skorygowan\u0105 EBITDA jako zysk/strat\u0119 netto za okres ustalone zgodnie z MSSF, z wy\u0142\u0105czeniem podatk\u00f3w (dochodowego bie\u017c\u0105cego i odroczonego oraz g\u00f3rniczego), przychod\u00f3w i koszt\u00f3w finansowych, pozosta\u0142ych przychod\u00f3w i koszt\u00f3w  operacyjnych,  wyniku  z  zaanga\u017cowania  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia,  amortyzacji,  odpis\u00f3w  oraz  odwr\u00f3cenia odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  rzeczowych  i  niematerialnych  aktyw\u00f3w  trwa\u0142ych  zaliczonych  do koszt\u00f3w  dzia\u0142alno\u015bci podstawowej.  Skorygowana  EBITDA  \u2013  jako  miernik  wyniku  niezdefiniowany  przez  MSSF,  nie  stanowi  miernika zestandaryzowanego  i  spos\u00f3b  jego  wyliczenia  mo\u017ce  r\u00f3\u017cni\u0107  si\u0119  pomi\u0119dzy  podmiotami,  a w zwi\u0105zku  z tym  prezentacja i kalkulacja  skorygowanej  EBITDA  stosowana  przez  Grup\u0119  mo\u017ce  nie  by\u0107  por\u00f3wnywalna  do  stosowanych  przez  inne podmioty na rynku.  Przychody  z  transakcji  z  podmiotami  zewn\u0119trznymi  i  transakcje  mi\u0119dzy  segmentami  realizowane  s\u0105  na  warunkach rynkowych.  Eliminacje  wzajemnych  rozrachunk\u00f3w, przychod\u00f3w i  koszt\u00f3w  mi\u0119dzy segmentami zaprezentowane  zosta\u0142y w pozycji \u201eKorekty konsolidacyjne\u201d. Aktywa i zobowi\u0105zania niealokowane dotycz\u0105 sp\u00f3\u0142ek, kt\u00f3re nie zosta\u0142y zaklasyfikowane do \u017cadnego z segment\u00f3w. Aktywa niealokowane  do  segment\u00f3w  obejmuj\u0105  \u015brodki  pieni\u0119\u017cne,  nale\u017cno\u015bci  od  odbiorc\u00f3w  oraz  aktywa  z  tytu\u0142u  odroczonego podatku  dochodowego.  Zobowi\u0105zania  niealokowane  do segment\u00f3w  obejmuj\u0105  zobowi\u0105zania  wobec  dostawc\u00f3w  oraz zobowi\u0105zania z tytu\u0142u bie\u017c\u0105cego podatku dochodowego.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-371": {
   "value": "Nota 2.3 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug asortymentu Zasady rachunkowo\u015bci W  przychodach  z  um\u00f3w  z  klientami  w  sprawozdaniu  z  wyniku  ujmowane  s\u0105  przychody  powstaj\u0105ce  ze  zwyk\u0142ej  dzia\u0142alno\u015bci operacyjnej Grupy, tj. przychody ze sprzeda\u017cy produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w. Grupa  generuje  przychody  g\u0142\u00f3wnie  ze  sprzeda\u017cy:  miedzi,  srebra  i  z\u0142ota.  Pozosta\u0142e  mniejsze  strumienie  przychod\u00f3w  pochodz\u0105 ze sprzeda\u017cy us\u0142ug (w tym dystrybucji energii elektrycznej i innych medi\u00f3w oraz us\u0142ug budowy kopal\u0144) oraz pozosta\u0142ych produkt\u00f3w (w tym energii elektrycznej), towar\u00f3w i materia\u0142\u00f3w (w tym stali i ropy naftowej i jej pochodnych). Grupa  ujmuje  przychody  z  um\u00f3w  z  klientami  w  momencie  spe\u0142nienia  przez  Grup\u0119  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, poprzez  przekazanie  przyrzeczonego  towaru  lub  us\u0142ugi  nabywcy,  gdzie  przekazanie  to  stanowi  jednocze\u015bnie  uzyskanie  przez nabywc\u0119  kontroli  nad  tym  sk\u0142adnikiem  aktyw\u00f3w,  tj.  zdolno\u015bci  do  bezpo\u015bredniego  rozporz\u0105dzania  przekazanym  sk\u0142adnikiem aktyw\u00f3w  i  uzyskiwania  z  niego  zasadniczo  wszystkich  pozosta\u0142ych  korzy\u015bci  oraz  zdolno\u015b\u0107  do  niedopuszczania  innych  jednostek do rozporz\u0105dzania sk\u0142adnikiem aktyw\u00f3w i uzyskiwania z niego korzy\u015bci. Poniewa\u017c w wi\u0119kszo\u015bci transakcji sprzeda\u017cy po dokonaniu wysy\u0142ki  przyrzeczonego  towaru  i  przekazaniu  nad  nim  kontroli  Grupa  ma  bezwarunkowe  prawo  do  otrzymania  wynagrodzenia od klienta, gdy\u017c jedynym  warunkiem jego  otrzymania jest up\u0142yw czasu, Grupa ujmuje nale\u017cne jej  wynagrodzenie  z  tytu\u0142u um\u00f3w z klientami jako nale\u017cno\u015b\u0107 i tym samym Grupa nie rozpoznaje aktyw\u00f3w z tytu\u0142u wykonania  umowy. Ponadto,  przychody  ze  sprzeda\u017cy us\u0142ug  Grupa  ujmuje  w  wyniku  finansowym w  miar\u0119  up\u0142ywu czasu,  je\u017celi  spe\u0142niony  jest  jeden z nast\u0119puj\u0105cych warunk\u00f3w: -  klient  jednocze\u015bnie otrzymuje i czerpie korzy\u015bci ekonomiczne p\u0142yn\u0105ce ze \u015bwiadczenia Grupy w miar\u0119  jak  wykonuje ona swoje zobowi\u0105zanie, lub -  w  wyniku  spe\u0142nienia  zobowi\u0105zania  przez  Grup\u0119  powstaje  lub  zostaje  ulepszony  sk\u0142adnik  aktyw\u00f3w  (np.  produkcja  w toku), a kontrol\u0119 nad tym sk\u0142adnikiem w miar\u0119 jego powstawania lub ulepszania, sprawuje klient, lub -  w wyniku spe\u0142nienia zobowi\u0105zania przez Grup\u0119 powstaje sk\u0142adnik aktyw\u00f3w, kt\u00f3ry nie ma alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty za dotychczas wykonane \u015bwiadczenie. Je\u017celi  Grupa  ujmuje  przych\u00f3d  na  podstawie  obmiar\u00f3w  zgodnie  z  przyj\u0119t\u0105  metod\u0105  pomiaru  stopnia  zaawansowania  wykonania \u015bwiadczenia,  zanim  zostanie  wystawiona  faktura,  ujmuje  nale\u017cne  wynagrodzenie  jako  aktywo  z  tytu\u0142u  umowy  i  przenosi  je  na nale\u017cno\u015bci kiedy prawo do wynagrodzenia staje si\u0119 bezwarunkowe. Jako  zobowi\u0105zanie  do  wykonania  \u015bwiadczenia  Grupa  rozpoznaje  ka\u017cde,  zawarte  w  umowie  przyrzeczenie  przekazania  klientowi towaru lub us\u0142ugi, kt\u00f3re mo\u017cna wyodr\u0119bni\u0107, lub grupy wyodr\u0119bnionych towar\u00f3w lub us\u0142ug, kt\u00f3re s\u0105 zasadniczo takie same i w taki sam spos\u00f3b przekazywane klientowi. Dla ka\u017cdego zobowi\u0105zania do wykonania \u015bwiadczenia, Grupa ustala (na podstawie warunk\u00f3w umownych), czy b\u0119dzie je realizowa\u0107 w miar\u0119 up\u0142ywu czasu lub czy spe\u0142ni je w okre\u015blonym momencie. W szczeg\u00f3lno\u015bci dla um\u00f3w na sprzeda\u017c miedzi, srebra i z\u0142ota ka\u017cda jednostka miary przekazanego towaru (np. 1 tona miedzi lub 1 kg srebra) stanowi odr\u0119bne zobowi\u0105zanie do wykonania \u015bwiadczenia. W zwi\u0105zku z tym, dla ka\u017cdej sprzeda\u017cy lub wysy\u0142ki produkt\u00f3w, obejmuj\u0105cej wielokrotno\u015b\u0107 jednostki  miary  przekazanego  produktu,  kt\u00f3ra  jest  realizowana  w  tym  samym  czasie,  Grupa  wype\u0142nia  swoje  zobowi\u0105zania  do wykonania \u015bwiadczenia oraz ujmuje przych\u00f3d, w tym samym momencie. W  kontraktach handlowych,  w  kt\u00f3rych wype\u0142nienie  zobowi\u0105zania  do  wykonania \u015bwiadczenia  zachodzi  w  okre\u015blonym  momencie czasu, Grupa stosuje r\u00f3\u017cne warunki p\u0142atno\u015bci obejmuj\u0105ce zar\u00f3wno przedp\u0142aty do kilku dni przed dostaw\u0105 jak i odroczone terminy p\u0142atno\u015bci do 120 dni, przy czym odroczone terminy p\u0142atno\u015bci nie dotycz\u0105 srebra. Terminy p\u0142atno\u015bci uzale\u017cnione s\u0105 od oceny ryzyka kredytowego odbiorcy oraz mo\u017cliwo\u015bci zabezpieczenia nale\u017cno\u015bci. P\u0142atno\u015b\u0107 wynagrodzenia staje si\u0119 wymagalna, w zale\u017cno\u015bci od warunk\u00f3w  umownych,  tj.  przed  zrealizowaniem  przez  Grup\u0119  dostawy  (przedp\u0142ata)  lub  po  wype\u0142nieniu  przez  Grup\u0119  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia.  Je\u017celi  Grupa  otrzymuje  wynagrodzenie  od  klienta  przed  wype\u0142nieniem  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia,  ujmuje  je  jako  zobowi\u0105zanie  z  tytu\u0142u  umowy.  Natomiast  w  przypadku  odroczonych termin\u00f3w  p\u0142atno\u015bci,  Grupa  ujmuje  wymagalne  od  klienta  wynagrodzenie  jako  nale\u017cno\u015b\u0107,  dopiero  po  przekazaniu  klientowi przyrzeczonych produkt\u00f3w i wystawieniu faktury.    Przychody z um\u00f3w z klientami ujmuje si\u0119 w kwocie r\u00f3wnej cenie transakcyjnej, stanowi\u0105cej kwot\u0119 wynagrodzenia, kt\u00f3re \u2013 zgodnie z oczekiwaniem  Grupy  \u2013  b\u0119dzie  jej  przys\u0142ugiwa\u0107  w  zamian  za  przekazanie  przyrzeczonych  d\u00f3br  lub  us\u0142ug  na  rzecz  klienta, z wy\u0142\u0105czeniem kwot pobranych w imieniu os\u00f3b trzecich.  Cena  transakcyjna  odzwierciedla r\u00f3wnie\u017c  zmian\u0119 warto\u015bci  pieni\u0105dza  w  czasie,  je\u017celi  umowa  z klientem  zawiera istotny element finansowania, kt\u00f3ry okre\u015bla si\u0119 na podstawie umownych warunk\u00f3w p\u0142atno\u015bci, bez wzgl\u0119du na to czy zosta\u0142 on wyra\u017anie okre\u015blony w umowie. Oceniaj\u0105c, czy komponent  finansowania jest istotny dla  umowy, uwzgl\u0119dnia si\u0119 wszystkie fakty i okoliczno\u015bci,  w  tym ewentualn\u0105 r\u00f3\u017cnic\u0119 mi\u0119dzy kwot\u0105 przyrzeczonego wynagrodzenia a cen\u0105 sprzeda\u017cy got\u00f3wkowej przyrzeczonych towar\u00f3w i us\u0142ug oraz  \u0142\u0105czny  wp\u0142yw  obu  nast\u0119puj\u0105cych  czynnik\u00f3w:  (i)  przewidywany  okres  od  momentu,  w  kt\u00f3rym  jednostka  przekazuje przyrzeczone towary lub us\u0142ugi klientowi do momentu, w kt\u00f3rym klient p\u0142aci za te  towary lub us\u0142ugi, oraz (ii) stopy procentowe obowi\u0105zuj\u0105ce na danym rynku. W zrealizowanych umowach sprzeda\u017cy do klient\u00f3w w 2022 r. oraz 2021 r. Grupa zidentyfikowa\u0142a istotny komponent finansowania w kontrakcie z Franco Nevada (umowa opisana poni\u017cej w cz\u0119\u015bci Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy).  Grupa  przedstawia  skutki  finansowania  (koszty  z  tytu\u0142u  odsetek)  odr\u0119bnie  od  przychod\u00f3w  z  um\u00f3w  z  klientami w sprawozdaniu z ca\u0142kowitych dochod\u00f3w. W kontrakcie z Franco Nevada wyst\u0119puje r\u00f3wnie\u017c element zmienno\u015bci wynagrodzenia. W takiej  sytuacji  Grupa  rozpoznaje  przychody  oszacowuj\u0105c  kwot\u0119  wynagrodzenia,  do  kt\u00f3rego  b\u0119dzie  uprawniona  w  zamian za przekazane dobra na rzecz klienta i zalicza do ceny transakcyjnej cz\u0119\u015b\u0107 lub ca\u0142o\u015b\u0107 kwoty wynagrodzenia zmiennego wy\u0142\u0105cznie w takim  zakresie  w  jakim  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  odwr\u00f3cenie  znacz\u0105cej  cz\u0119\u015bci  wcze\u015bniej  uj\u0119tych skumulowanych przychod\u00f3w w momencie kiedy niepewno\u015b\u0107 co do wysoko\u015bci wynagrodzenia ustanie. W  przypadku  transakcji  sprzeda\u017cy  produkt\u00f3w  miedzi  i  srebra,  dla  kt\u00f3rych  cena  zostanie  ustalona  po  dniu  uj\u0119cia  sprzeda\u017cy w ksi\u0119gach  rachunkowych,  na  moment  pocz\u0105tkowego  uj\u0119cia  transakcji  dokonuje  si\u0119  korekty  przychod\u00f3w  ze  sprzeda\u017cy  z  tytu\u0142u r\u00f3\u017cnicy  pomi\u0119dzy  cen\u0105  terminow\u0105  metalu  wyra\u017con\u0105  w  USD  z  dnia  rozpoznania  sprzeda\u017cy  na  okres  odpowiadaj\u0105cy  okresowi rozliczenia  transakcji,  a  cen\u0105  wynikaj\u0105c\u0105  z faktury  prowizorycznej.  Korekta  ta  doprowadza  warto\u015b\u0107  transakcji  do  warto\u015bci oczekiwanej  jako  ceny  transakcyjnej  na  moment  pocz\u0105tkowego  uj\u0119cia.    Dotyczy  to  wy\u0142\u0105cznie  przypadk\u00f3w,  gdy  zmiana  ceny transakcyjnej wynika ze zmiany ceny metalu. Do tego typu zmiennych przychod\u00f3w nie ma zastosowania ograniczenie z MSSF 15 dotycz\u0105ce  ujmowania  zmiennego  wynagrodzenia  w kwocie,  co  do  kt\u00f3rej  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  jej odwr\u00f3cenie. Zmiany zarachowanej kwoty po momencie uj\u0119cia nie wp\u0142ywaj\u0105 na przychody ze sprzeda\u017cy lecz stanowi\u0105 zyski/straty z wyceny do warto\u015bci godziwej nale\u017cno\u015bci, zgodnie z zasadami rachunkowo\u015bci przedstawionymi w Nocie 10.2. Przychody  ze  sprzeda\u017cy  korygowane  s\u0105  o  wynik  z  rozliczenia  instrument\u00f3w  pochodnych  zabezpieczaj\u0105cych  przysz\u0142e  przep\u0142ywy pieni\u0119\u017cne, zgodnie z og\u00f3ln\u0105 zasad\u0105, \u017ce rozliczenie pochodnego instrumentu zabezpieczaj\u0105cego w cz\u0119\u015bci stanowi\u0105cej zabezpieczenie efektywne ujmuje si\u0119 w tej samej pozycji wyniku finansowego, w kt\u00f3rej ujmowana jest wycena pozycji zabezpieczanej w momencie, kiedy pozycja zabezpieczana wp\u0142ywa na wynik finansowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Grupa  ujmuje  przychody  ze  sprzeda\u017cy  produkt\u00f3w,  towar\u00f3w  i  materia\u0142\u00f3w  w  wyniku  finansowym  jednorazowo,  w momencie spe\u0142nienia zobowi\u0105zania do wykonania \u015bwiadczenia, w szczeg\u00f3lno\u015bci okre\u015blanym  w oparciu o formu\u0142y baz  dostawy  INCOTERMS. W wi\u0119kszo\u015bci kontrakt\u00f3w, moment przeniesienia kontroli na klienta nast\u0119puje po dostarczeniu d\u00f3br do klienta, przez co rozumie si\u0119 r\u00f3wnie\u017c dostarczenie d\u00f3br przewo\u017anikowi lub podstawienie ich klientowi na wyznaczony zak\u0142ad (bazy DAP, FCA i EX WORKS). W pozosta\u0142ych  kontraktach  przeniesienie  kontroli  nad  dobrami  na  klienta  nast\u0119puje  w  momencie  przekazania  przewo\u017anikowi morskiemu na pok\u0142ad statku (bazy CFR, CIF, CPT oraz CIP). W tych kontraktach Grupa jest zobowi\u0105zana r\u00f3wnie\u017c do zorganizowania  transportu. W takich przypadkach Grupa dzia\u0142a jako zleceniodawca, poniewa\u017c sprawuje kontrol\u0119 nad wykonaniem us\u0142ugi przed jej przekazaniem do klienta. Jednocze\u015bnie Grupa przypisuje cz\u0119\u015b\u0107 ceny transakcyjnej do us\u0142ugi transportu i ujmuje przych\u00f3d z tego tytu\u0142u w miar\u0119 up\u0142ywu czasu. Grupa  rozpoznaje  przychody  w  miar\u0119  up\u0142ywu  czasu  z  tytu\u0142u  realizowanych  us\u0142ug  budowy  kopal\u0144  i  prowadzenia  innych  rob\u00f3t geologicznych.  Grupa  spe\u0142nia  zobowi\u0105zania  w  czasie,  poniewa\u017c  klient  jednocze\u015bnie  otrzymuje  i  czerpie  korzy\u015bci  ekonomiczne wynikaj\u0105ce  ze  \u015bwiadczonej  us\u0142ugi  w  miar\u0119  jej  wykonywania  lub  ze  wzgl\u0119du  na  wytwarzanie  sk\u0142adnik\u00f3w,  kt\u00f3re  nie  maj\u0105 alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty. Do pomiaru stopnia zaawansowania wykonania \u015bwiadczenia Grupa stosuje  metod\u0119 opart\u0105 na  nak\u0142adach  poniesionych  przy  spe\u0142nianiu zobowi\u0105zania do wykonania \u015bwiadczenia na  bazie  poniesionych koszt\u00f3w oraz do innych kontrakt\u00f3w metod\u0119 opart\u0105 na wynikach, gdzie z g\u00f3ry okre\u015blona cena jednostkowa jest stosowana do wyceny jednostki produkcji (np. do wyceny metr\u00f3w wydr\u0105\u017conego chodnika). Kontrakt z Franco Nevada Zobowi\u0105zanie do wykonania \u015bwiadczenia Grupa realizuje umow\u0119 typu streaming arrangement, stanowi\u0105c\u0105 dost\u0119pne na rynku \u017ar\u00f3d\u0142o finansowania jednostek dzia\u0142aj\u0105cych w bran\u017cy wydobywczej. Umowa  dotyczy  sprzeda\u017cy  po\u0142owy  produkcji  z\u0142ota,  platyny  oraz  palladu  zawartych  w  rudzie  wydobytej  w  okresie  \u017cycia nast\u0119puj\u0105cych kopal\u0144:  Morr ison, McCreedy  West oraz  Podolsky wchodz\u0105cych  w  sk\u0142ad  OWSP  Sudbury. Na  podstawie warunk\u00f3w  umowy  Quadra  FNX  Mining  Ltd.  otrzyma\u0142a  przedp\u0142at\u0119  w wysoko\u015bci  400  mln  CAD.  Jednocze\u015bnie,  cena  sprzeda\u017cy  za  uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z umow\u0105, stanowi mniejsza z kwot: (a) 400 USD, powi\u0119kszone o 1% ka\u017cdego roku pocz\u0105wszy od 2011 r., b\u0105d\u017a (b) cena rynkowa z\u0142ota. Otrzymana przedp\u0142ata pokrywa r\u00f3\u017cnic\u0119 pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105 sprzedanej rudy, a jej warto\u015bci\u0105 w sta\u0142ej cenie sprzeda\u017cy. Grupa uj\u0119\u0142a zobowi\u0105zanie z tytu\u0142u umowy w kwocie zaliczki z tytu\u0142u zobowi\u0105zania jednostki do wykonania \u015bwiadczenia w postaci przekazania lub gotowo\u015bci do przekazania d\u00f3br lub us\u0142ug w przysz\u0142o\u015bci. Grupa zaprzestaje ujmowania tego zobowi\u0105zania  z  tytu\u0142u  umowy  i  ujmuje  przych\u00f3d  w  momencie, gdy  przenosi  owe  dobra  lub  us\u0142ugi  na  klienta,  spe\u0142niaj\u0105c  w  ten spos\u00f3b swoje zobowi\u0105zanie do wykonania \u015bwiadczenia. Wynagrodzenie zmienne W umowie z Franco Nevada \u0142\u0105czna cena transakcyjna jest zmienna i zale\u017cy od ilo\u015bci sprzedanych surowc\u00f3w, a ta z kolei zale\u017cy od wydobycia  rudy  w  przysz\u0142o\u015bci  przez  okres  \u017cycia  kopalni  (w  tym  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zatem,  je\u017celi  w  kolejnych  okresach sprawozdawczych  Grupa  dokona  zmiany  os\u0105du  w  zakresie  planowanego  wydobycia rudy,  a  w  konsekwencji  ilo\u015bci  sprzedanych surowc\u00f3w \u2013 dokona tak\u017ce aktualizacji ceny transakcyjnej. Kwoty  przypisane  do  spe\u0142nionych  zobowi\u0105za\u0144  do  wykonania  \u015bwiadczenia  Grupa  ujmuje  jako  przychody  lub  jako  zmniejszenie przychod\u00f3w w okresie, w kt\u00f3rym cena transakcyjna uleg\u0142a zmianie. Istotny element finansowania W kontek\u015bcie umowy z Franco Nevada, maj\u0105c na uwadze przewidywany okres od momentu, w kt\u00f3rym otrzymano przedp\u0142at\u0119 do momentu,  w  kt\u00f3rym  Grupa  przekazuje  przyrzeczone  dobra  (okres  \u017cycia  kopalni,  tj.  kilkadziesi\u0105t  lat)  oraz  charakter  tej  umowy uznano,  \u017ce  rozk\u0142ad  w  czasie  p\u0142atno\u015bci  daje  Grupie  korzy\u015bci  z  tytu\u0142u  finansowania  dostawy  surowc\u00f3w  przez  kupuj\u0105cego  (Franco Nevada), co skutkuje tym, \u017ce umowa zawiera istotny element finansowania. Grupa przedstawia skutki finansowania (koszty z tytu\u0142u odsetek) oddzielnie od przychod\u00f3w z um\u00f3w z klientami w sprawozdaniu z wyniku.  Koszty  z  tytu\u0142u  odsetek  ujmowane  s\u0105  tylko  w  takim  zakresie,  w  jakim  wcze\u015bniej  uj\u0119to  zobowi\u0105zanie  z  tytu\u0142u  umowy z Franco Nevada. Ustalenie ceny transakcyjnej przypisanej do pozosta\u0142ych zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 W  sytuacji,  kiedy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  Grupa  posiada  pozosta\u0142e  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, wymagane  jest  ujawnienie  ceny  transakcyjnej  przypisanej  do  tych  zobowi\u0105za\u0144  (MSSF  15.120-122).  Grupa  stosuje  rozwi\u0105zanie praktyczne i nie ujawnia zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 stanowi\u0105cych cz\u0119\u015b\u0107 um\u00f3w, kt\u00f3rych przewidywany pierwotny okres obowi\u0105zywania wynosi jeden rok lub kr\u00f3cej. Grupa posiada r\u00f3wnie\u017c kontrakty d\u0142ugoterminowe, w kt\u00f3rych cena jest oparta g\u0142\u00f3wnie na wynagrodzeniu zmiennym, kt\u00f3rego Grupa nie uwzgl\u0119dnia w szacunku ceny transakcyjnej. Ponadto, Grupa (przez sp\u00f3\u0142k\u0119 DMC) realizuje kontrakty d\u0142ugoterminowe na budow\u0119 kopal\u0144, w kt\u00f3rych do ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach  spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie,  kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. \u0141\u0105czna kwota ceny transakcyjnej przypisanej do zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144, kt\u00f3re pozosta\u0142y niespe\u0142nione na koniec okresu sprawozdawczego wynios\u0142a 899 mln PLN, z czego kwota 559 mln PLN zostanie zrealizowana w roku 2023, kwota 149 mln PLN zostanie zrealizowana w 2024 r., a kwota 191 mln PLN zostanie zrealizowana w 2025 r. lub p\u00f3\u017aniej. W tych kontraktach nie wyst\u0119puje zmienny element wynagrodzenia. Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug asortymentu od 01.01.2022 do 31.12.2022 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 22 2072 0153 248 10(3 248)( 51)24 181Srebro 4 341 30 82-( 82)-4 371Z\u0142oto  649 313 269-( 269)- 962Us\u0142ugi  174 595-2 307-(1 745)1 331Energia  35-- 358-( 212) 181S\u00f3l  36---- 23 59\u015arodki strza\u0142owe  i materia\u0142y wybuchowe --- 300-( 151) 149Maszyny g\u00f3rnicze, \u015brodki transportu i inne typy maszyn i urz\u0105dze\u0144 --- 315-( 271) 44Dodatki do paliw --- 159-- 159O\u0142\u00f3w  295----- 295Wyroby z innych metali nie\u017celaznych --- 179-( 4) 175Stal --- 623-( 142) 481Ropa naftowa i jej pochodne --- 528-( 431) 97Pozosta\u0142e towary i materia\u0142y  367--7 313-(7 224) 456Pozosta\u0142e produkty  325 264 375 797( 375)( 480) 906RAZEM 28 4293 2173 97412 889(3 974)(10 688)33 847* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2021 do 31.12.2021 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 19 0792 3253 756 8(3 756)( 32)21 380Srebro 3 990 8 95-( 95)-3 998Z\u0142oto  548 243 212-( 212)- 791Us\u0142ugi  143 426-2 089-(1 581)1 077Energia  51-- 250-( 167) 134S\u00f3l  29---- 32 61\u015arodki strza\u0142owe  i materia\u0142y wybuchowe --- 219-( 168) 51Maszyny g\u00f3rnicze, \u015brodki transportu i inne typy maszyn i urz\u0105dze\u0144 --- 212-( 171) 41Dodatki do paliw --- 123-- 123O\u0142\u00f3w  271----- 271Wyroby z innych metali nie\u017celaznych --- 114-( 4) 110Stal --- 604-( 66) 538Ropa naftowa i jej pochodne --- 325-( 275) 50Pozosta\u0142e towary i materia\u0142y  278--5 703-(5 518) 463Pozosta\u0142e produkty  229 123 522 682( 522)( 319) 715RAZEM 24 6183 1254 58510 329(4 585)(8 269)29 803* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. Nota 2.4 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug kategorii od 01.01.2022 do 31.12.2022 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z klientami og\u00f3\u0142em 28 4293 2173 97412 889(3 974)(10 688)33 847Przychody z um\u00f3w sprzeda\u017cy, dla kt\u00f3rych cena jest ustalana po dniu uj\u0119cia sprzeda\u017cy w ksi\u0119gach (zasada M+) z tego: 21 7672 5563 9746 259(3 974)(6 038)24 544   rozliczone 21 0451 4592 0686 259(2 068)(6 038)22 725   nierozliczone  7221 0971 906-(1 906)-1 819Przychody z tytu\u0142u realizacji kontrakt\u00f3w d\u0142ugoterminowych dotycz\u0105cych budowy kopal\u0144 - 555- 165-( 146) 574Przychody z pozosta\u0142ych um\u00f3w sprzeda\u017cy 6 662 106-6 465 -(4 504)8 729Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 28 4293 2173 97412 889(3 974)(10 688)33 847   obj\u0119te faktoringiem wierzytelno\u015bciowym 8 677-- 390-( 304)8 763   nieobj\u0119te faktoringiem wierzytelno\u015bciowym 19 7523 2173 97412 499(3 974)(10 384)25 084* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2022  do 31.12.2022 od 01.01.2021  do 31.12.2021 Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 33 84729 803   przekazywane w okre\u015blonym momencie 32 22928 592   przekazywane w miar\u0119 up\u0142ywu czasu 1 6181 211od 01.01.2021 do 31.12.2021 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z klientami og\u00f3\u0142em 24 6183 1254 58510 329(4 585)(8 269)29 803Przychody z um\u00f3w sprzeda\u017cy, dla kt\u00f3rych cena jest ustalana po dniu uj\u0119cia sprzeda\u017cy w ksi\u0119gach (zasada M+) z tego: 19 8382 6904 3694 751(4 369)(4 648)22 631   rozliczone 18 9522 6211 8744 751(1 874)(4 648)21 676   nierozliczone  886 692 495-(2 495)- 955Przychody z tytu\u0142u realizacji kontrakt\u00f3w d\u0142ugoterminowych dotycz\u0105cych budowy kopal\u0144 - 403- 220-( 211) 412Przychody z pozosta\u0142ych um\u00f3w sprzeda\u017cy 4 780 32 2165 358( 216)(3 410)6 760Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 24 6183 1254 58510 329(4 585)(8 269)29 803   obj\u0119te faktoringiem wierzytelno\u015bciowym 8 575-- 106-( 46)8 635   nieobj\u0119te faktoringiem wierzytelno\u015bciowym 16 0433 1254 58510 223(4 585)(8 223)21 168Nota 2.5 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 geograficzny wed\u0142ug lokalizacji finalnych odbiorc\u00f3w od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021       Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych Grupa Kapita\u0142owa KGHM Polska Mied\u017a S.A. KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Pozosta\u0142e segmenty Eliminacja danych segmentu Sierra Gorda S.C.M. Korekty konsolidacyjne Dane skonsolidowane Polska 7 158  -   17  12 474  ( 17)  (10 646)  8 986 7 608 Niemcy 5 502  -  -   101  -  -  5 603 3 787 Chiny 2 147  1 595  1 701  -  (1 701)  -  3 742 4 158 W\u0142ochy 2 319  -  -   29  -  -  2 348 2 022 Czechy 2 250  -  -   19  -  -  2 269 1 828 Wielka Brytania 1 676  -  -   6  -  -  1 682 1 290 W\u0119gry 1 408  -  -   11  -  -  1 419 1 129 Stany Zjednoczone Ameryki  997   198   7   16  ( 7)  ( 1)  1 210 2 261 Francja  896  -  -   5  -  -   901  794 Kanada  50   855  -  -  -  ( 40)   865  527 Szwajcaria  790  -  -   7  -  -   797  590 Australia  787  -  -  -  -  -   787 1 020 Austria  542  -  -   28  -  -   570  457 Tajlandia  437  -  -   5  -  -   442  463 Chile  7   304  1 231   1  (1 231)  ( 1)   311  201 Turcja  282  -  -   15  -  -   297  130 Wietnam  231  -  -  -  -  -   231  336 S\u0142owacja  178  -  -   19  -  -   197  140 Filipiny -   173  -  -  -  -   173  91 Rumunia  138  -  -   4  -  -   142  258 S\u0142owenia  130  -  -   2  -  -   132  150 Meksyk -   92  -  -  -  -   92 - Malezja  72  -  -  -  -  -   72  47 Tajwan  69  -  -  -  -  -   69 - Korea Po\u0142udniowa  68  -   54  -  ( 54)  -   68  58 Belgia  51  -  -   16  -  -   67  29 Japonia  64  -   786  -  ( 786)  -   64  139 Bu\u0142garia  29  -  -   18  -  -   47  41 Szwecja -  -  -   31  -  -   31  56 Dania  27  -  -   1  -  -   28  44 Bo\u015bnia i Hercegowina  23  -  -   2  -  -   25 - Litwa  3  -  -   19  -  -   22  12 Estonia  14  -  -   3  -  -   17  20 Norwegia -  -  -   16  -  -   16  15 Holandia  7  -   127  -  ( 127)  -   7  4 Rosja -  -  -   6  -  -   6  26 Indie -  -   10  -  ( 10)  -  - - Brazylia -  -   38  -  ( 38)  -  -  8 Pozosta\u0142e kraje  77  -   3   35  ( 3)  -   112  64 RAZEM 28 429  3 217  3 974  12 889  (3 974)  (10 688)  33 847 29 803    * 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "Nota 2.3 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug asortymentu Zasady rachunkowo\u015bci W  przychodach  z  um\u00f3w  z  klientami  w  sprawozdaniu  z  wyniku  ujmowane  s\u0105  przychody  powstaj\u0105ce  ze  zwyk\u0142ej  dzia\u0142alno\u015bci operacyjnej Grupy, tj. przychody ze sprzeda\u017cy produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w. Grupa  generuje  przychody  g\u0142\u00f3wnie  ze  sprzeda\u017cy:  miedzi,  srebra  i  z\u0142ota.  Pozosta\u0142e  mniejsze  strumienie  przychod\u00f3w  pochodz\u0105 ze sprzeda\u017cy us\u0142ug (w tym dystrybucji energii elektrycznej i innych medi\u00f3w oraz us\u0142ug budowy kopal\u0144) oraz pozosta\u0142ych produkt\u00f3w (w tym energii elektrycznej), towar\u00f3w i materia\u0142\u00f3w (w tym stali i ropy naftowej i jej pochodnych). Grupa  ujmuje  przychody  z  um\u00f3w  z  klientami  w  momencie  spe\u0142nienia  przez  Grup\u0119  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, poprzez  przekazanie  przyrzeczonego  towaru  lub  us\u0142ugi  nabywcy,  gdzie  przekazanie  to  stanowi  jednocze\u015bnie  uzyskanie  przez nabywc\u0119  kontroli  nad  tym  sk\u0142adnikiem  aktyw\u00f3w,  tj.  zdolno\u015bci  do  bezpo\u015bredniego  rozporz\u0105dzania  przekazanym  sk\u0142adnikiem aktyw\u00f3w  i  uzyskiwania  z  niego  zasadniczo  wszystkich  pozosta\u0142ych  korzy\u015bci  oraz  zdolno\u015b\u0107  do  niedopuszczania  innych  jednostek do rozporz\u0105dzania sk\u0142adnikiem aktyw\u00f3w i uzyskiwania z niego korzy\u015bci. Poniewa\u017c w wi\u0119kszo\u015bci transakcji sprzeda\u017cy po dokonaniu wysy\u0142ki  przyrzeczonego  towaru  i  przekazaniu  nad  nim  kontroli  Grupa  ma  bezwarunkowe  prawo  do  otrzymania  wynagrodzenia od klienta, gdy\u017c jedynym  warunkiem jego  otrzymania jest up\u0142yw czasu, Grupa ujmuje nale\u017cne jej  wynagrodzenie  z  tytu\u0142u um\u00f3w z klientami jako nale\u017cno\u015b\u0107 i tym samym Grupa nie rozpoznaje aktyw\u00f3w z tytu\u0142u wykonania  umowy. Ponadto,  przychody  ze  sprzeda\u017cy us\u0142ug  Grupa  ujmuje  w  wyniku  finansowym w  miar\u0119  up\u0142ywu czasu,  je\u017celi  spe\u0142niony  jest  jeden z nast\u0119puj\u0105cych warunk\u00f3w: -  klient  jednocze\u015bnie otrzymuje i czerpie korzy\u015bci ekonomiczne p\u0142yn\u0105ce ze \u015bwiadczenia Grupy w miar\u0119  jak  wykonuje ona swoje zobowi\u0105zanie, lub -  w  wyniku  spe\u0142nienia  zobowi\u0105zania  przez  Grup\u0119  powstaje  lub  zostaje  ulepszony  sk\u0142adnik  aktyw\u00f3w  (np.  produkcja  w toku), a kontrol\u0119 nad tym sk\u0142adnikiem w miar\u0119 jego powstawania lub ulepszania, sprawuje klient, lub -  w wyniku spe\u0142nienia zobowi\u0105zania przez Grup\u0119 powstaje sk\u0142adnik aktyw\u00f3w, kt\u00f3ry nie ma alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty za dotychczas wykonane \u015bwiadczenie. Je\u017celi  Grupa  ujmuje  przych\u00f3d  na  podstawie  obmiar\u00f3w  zgodnie  z  przyj\u0119t\u0105  metod\u0105  pomiaru  stopnia  zaawansowania  wykonania \u015bwiadczenia,  zanim  zostanie  wystawiona  faktura,  ujmuje  nale\u017cne  wynagrodzenie  jako  aktywo  z  tytu\u0142u  umowy  i  przenosi  je  na nale\u017cno\u015bci kiedy prawo do wynagrodzenia staje si\u0119 bezwarunkowe. Jako  zobowi\u0105zanie  do  wykonania  \u015bwiadczenia  Grupa  rozpoznaje  ka\u017cde,  zawarte  w  umowie  przyrzeczenie  przekazania  klientowi towaru lub us\u0142ugi, kt\u00f3re mo\u017cna wyodr\u0119bni\u0107, lub grupy wyodr\u0119bnionych towar\u00f3w lub us\u0142ug, kt\u00f3re s\u0105 zasadniczo takie same i w taki sam spos\u00f3b przekazywane klientowi. Dla ka\u017cdego zobowi\u0105zania do wykonania \u015bwiadczenia, Grupa ustala (na podstawie warunk\u00f3w umownych), czy b\u0119dzie je realizowa\u0107 w miar\u0119 up\u0142ywu czasu lub czy spe\u0142ni je w okre\u015blonym momencie. W szczeg\u00f3lno\u015bci dla um\u00f3w na sprzeda\u017c miedzi, srebra i z\u0142ota ka\u017cda jednostka miary przekazanego towaru (np. 1 tona miedzi lub 1 kg srebra) stanowi odr\u0119bne zobowi\u0105zanie do wykonania \u015bwiadczenia. W zwi\u0105zku z tym, dla ka\u017cdej sprzeda\u017cy lub wysy\u0142ki produkt\u00f3w, obejmuj\u0105cej wielokrotno\u015b\u0107 jednostki  miary  przekazanego  produktu,  kt\u00f3ra  jest  realizowana  w  tym  samym  czasie,  Grupa  wype\u0142nia  swoje  zobowi\u0105zania  do wykonania \u015bwiadczenia oraz ujmuje przych\u00f3d, w tym samym momencie. W  kontraktach handlowych,  w  kt\u00f3rych wype\u0142nienie  zobowi\u0105zania  do  wykonania \u015bwiadczenia  zachodzi  w  okre\u015blonym  momencie czasu, Grupa stosuje r\u00f3\u017cne warunki p\u0142atno\u015bci obejmuj\u0105ce zar\u00f3wno przedp\u0142aty do kilku dni przed dostaw\u0105 jak i odroczone terminy p\u0142atno\u015bci do 120 dni, przy czym odroczone terminy p\u0142atno\u015bci nie dotycz\u0105 srebra. Terminy p\u0142atno\u015bci uzale\u017cnione s\u0105 od oceny ryzyka kredytowego odbiorcy oraz mo\u017cliwo\u015bci zabezpieczenia nale\u017cno\u015bci. P\u0142atno\u015b\u0107 wynagrodzenia staje si\u0119 wymagalna, w zale\u017cno\u015bci od warunk\u00f3w  umownych,  tj.  przed  zrealizowaniem  przez  Grup\u0119  dostawy  (przedp\u0142ata)  lub  po  wype\u0142nieniu  przez  Grup\u0119  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia.  Je\u017celi  Grupa  otrzymuje  wynagrodzenie  od  klienta  przed  wype\u0142nieniem  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia,  ujmuje  je  jako  zobowi\u0105zanie  z  tytu\u0142u  umowy.  Natomiast  w  przypadku  odroczonych termin\u00f3w  p\u0142atno\u015bci,  Grupa  ujmuje  wymagalne  od  klienta  wynagrodzenie  jako  nale\u017cno\u015b\u0107,  dopiero  po  przekazaniu  klientowi przyrzeczonych produkt\u00f3w i wystawieniu faktury.    Przychody z um\u00f3w z klientami ujmuje si\u0119 w kwocie r\u00f3wnej cenie transakcyjnej, stanowi\u0105cej kwot\u0119 wynagrodzenia, kt\u00f3re \u2013 zgodnie z oczekiwaniem  Grupy  \u2013  b\u0119dzie  jej  przys\u0142ugiwa\u0107  w  zamian  za  przekazanie  przyrzeczonych  d\u00f3br  lub  us\u0142ug  na  rzecz  klienta, z wy\u0142\u0105czeniem kwot pobranych w imieniu os\u00f3b trzecich.  Cena  transakcyjna  odzwierciedla r\u00f3wnie\u017c  zmian\u0119 warto\u015bci  pieni\u0105dza  w  czasie,  je\u017celi  umowa  z klientem  zawiera istotny element finansowania, kt\u00f3ry okre\u015bla si\u0119 na podstawie umownych warunk\u00f3w p\u0142atno\u015bci, bez wzgl\u0119du na to czy zosta\u0142 on wyra\u017anie okre\u015blony w umowie. Oceniaj\u0105c, czy komponent  finansowania jest istotny dla  umowy, uwzgl\u0119dnia si\u0119 wszystkie fakty i okoliczno\u015bci,  w  tym ewentualn\u0105 r\u00f3\u017cnic\u0119 mi\u0119dzy kwot\u0105 przyrzeczonego wynagrodzenia a cen\u0105 sprzeda\u017cy got\u00f3wkowej przyrzeczonych towar\u00f3w i us\u0142ug oraz  \u0142\u0105czny  wp\u0142yw  obu  nast\u0119puj\u0105cych  czynnik\u00f3w:  (i)  przewidywany  okres  od  momentu,  w  kt\u00f3rym  jednostka  przekazuje przyrzeczone towary lub us\u0142ugi klientowi do momentu, w kt\u00f3rym klient p\u0142aci za te  towary lub us\u0142ugi, oraz (ii) stopy procentowe obowi\u0105zuj\u0105ce na danym rynku. W zrealizowanych umowach sprzeda\u017cy do klient\u00f3w w 2022 r. oraz 2021 r. Grupa zidentyfikowa\u0142a istotny komponent finansowania w kontrakcie z Franco Nevada (umowa opisana poni\u017cej w cz\u0119\u015bci Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy).  Grupa  przedstawia  skutki  finansowania  (koszty  z  tytu\u0142u  odsetek)  odr\u0119bnie  od  przychod\u00f3w  z  um\u00f3w  z  klientami w sprawozdaniu z ca\u0142kowitych dochod\u00f3w. W kontrakcie z Franco Nevada wyst\u0119puje r\u00f3wnie\u017c element zmienno\u015bci wynagrodzenia. W takiej  sytuacji  Grupa  rozpoznaje  przychody  oszacowuj\u0105c  kwot\u0119  wynagrodzenia,  do  kt\u00f3rego  b\u0119dzie  uprawniona  w  zamian za przekazane dobra na rzecz klienta i zalicza do ceny transakcyjnej cz\u0119\u015b\u0107 lub ca\u0142o\u015b\u0107 kwoty wynagrodzenia zmiennego wy\u0142\u0105cznie w takim  zakresie  w  jakim  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  odwr\u00f3cenie  znacz\u0105cej  cz\u0119\u015bci  wcze\u015bniej  uj\u0119tych skumulowanych przychod\u00f3w w momencie kiedy niepewno\u015b\u0107 co do wysoko\u015bci wynagrodzenia ustanie. W  przypadku  transakcji  sprzeda\u017cy  produkt\u00f3w  miedzi  i  srebra,  dla  kt\u00f3rych  cena  zostanie  ustalona  po  dniu  uj\u0119cia  sprzeda\u017cy w ksi\u0119gach  rachunkowych,  na  moment  pocz\u0105tkowego  uj\u0119cia  transakcji  dokonuje  si\u0119  korekty  przychod\u00f3w  ze  sprzeda\u017cy  z  tytu\u0142u r\u00f3\u017cnicy  pomi\u0119dzy  cen\u0105  terminow\u0105  metalu  wyra\u017con\u0105  w  USD  z  dnia  rozpoznania  sprzeda\u017cy  na  okres  odpowiadaj\u0105cy  okresowi rozliczenia  transakcji,  a  cen\u0105  wynikaj\u0105c\u0105  z faktury  prowizorycznej.  Korekta  ta  doprowadza  warto\u015b\u0107  transakcji  do  warto\u015bci oczekiwanej  jako  ceny  transakcyjnej  na  moment  pocz\u0105tkowego  uj\u0119cia.    Dotyczy  to  wy\u0142\u0105cznie  przypadk\u00f3w,  gdy  zmiana  ceny transakcyjnej wynika ze zmiany ceny metalu. Do tego typu zmiennych przychod\u00f3w nie ma zastosowania ograniczenie z MSSF 15 dotycz\u0105ce  ujmowania  zmiennego  wynagrodzenia  w kwocie,  co  do  kt\u00f3rej  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  jej odwr\u00f3cenie. Zmiany zarachowanej kwoty po momencie uj\u0119cia nie wp\u0142ywaj\u0105 na przychody ze sprzeda\u017cy lecz stanowi\u0105 zyski/straty z wyceny do warto\u015bci godziwej nale\u017cno\u015bci, zgodnie z zasadami rachunkowo\u015bci przedstawionymi w Nocie 10.2. Przychody  ze  sprzeda\u017cy  korygowane  s\u0105  o  wynik  z  rozliczenia  instrument\u00f3w  pochodnych  zabezpieczaj\u0105cych  przysz\u0142e  przep\u0142ywy pieni\u0119\u017cne, zgodnie z og\u00f3ln\u0105 zasad\u0105, \u017ce rozliczenie pochodnego instrumentu zabezpieczaj\u0105cego w cz\u0119\u015bci stanowi\u0105cej zabezpieczenie efektywne ujmuje si\u0119 w tej samej pozycji wyniku finansowego, w kt\u00f3rej ujmowana jest wycena pozycji zabezpieczanej w momencie, kiedy pozycja zabezpieczana wp\u0142ywa na wynik finansowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Grupa  ujmuje  przychody  ze  sprzeda\u017cy  produkt\u00f3w,  towar\u00f3w  i  materia\u0142\u00f3w  w  wyniku  finansowym  jednorazowo,  w momencie spe\u0142nienia zobowi\u0105zania do wykonania \u015bwiadczenia, w szczeg\u00f3lno\u015bci okre\u015blanym  w oparciu o formu\u0142y baz  dostawy  INCOTERMS. W wi\u0119kszo\u015bci kontrakt\u00f3w, moment przeniesienia kontroli na klienta nast\u0119puje po dostarczeniu d\u00f3br do klienta, przez co rozumie si\u0119 r\u00f3wnie\u017c dostarczenie d\u00f3br przewo\u017anikowi lub podstawienie ich klientowi na wyznaczony zak\u0142ad (bazy DAP, FCA i EX WORKS). W pozosta\u0142ych  kontraktach  przeniesienie  kontroli  nad  dobrami  na  klienta  nast\u0119puje  w  momencie  przekazania  przewo\u017anikowi morskiemu na pok\u0142ad statku (bazy CFR, CIF, CPT oraz CIP). W tych kontraktach Grupa jest zobowi\u0105zana r\u00f3wnie\u017c do zorganizowania  transportu. W takich przypadkach Grupa dzia\u0142a jako zleceniodawca, poniewa\u017c sprawuje kontrol\u0119 nad wykonaniem us\u0142ugi przed jej przekazaniem do klienta. Jednocze\u015bnie Grupa przypisuje cz\u0119\u015b\u0107 ceny transakcyjnej do us\u0142ugi transportu i ujmuje przych\u00f3d z tego tytu\u0142u w miar\u0119 up\u0142ywu czasu. Grupa  rozpoznaje  przychody  w  miar\u0119  up\u0142ywu  czasu  z  tytu\u0142u  realizowanych  us\u0142ug  budowy  kopal\u0144  i  prowadzenia  innych  rob\u00f3t geologicznych.  Grupa  spe\u0142nia  zobowi\u0105zania  w  czasie,  poniewa\u017c  klient  jednocze\u015bnie  otrzymuje  i  czerpie  korzy\u015bci  ekonomiczne wynikaj\u0105ce  ze  \u015bwiadczonej  us\u0142ugi  w  miar\u0119  jej  wykonywania  lub  ze  wzgl\u0119du  na  wytwarzanie  sk\u0142adnik\u00f3w,  kt\u00f3re  nie  maj\u0105 alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty. Do pomiaru stopnia zaawansowania wykonania \u015bwiadczenia Grupa stosuje  metod\u0119 opart\u0105 na  nak\u0142adach  poniesionych  przy  spe\u0142nianiu zobowi\u0105zania do wykonania \u015bwiadczenia na  bazie  poniesionych koszt\u00f3w oraz do innych kontrakt\u00f3w metod\u0119 opart\u0105 na wynikach, gdzie z g\u00f3ry okre\u015blona cena jednostkowa jest stosowana do wyceny jednostki produkcji (np. do wyceny metr\u00f3w wydr\u0105\u017conego chodnika). Kontrakt z Franco Nevada Zobowi\u0105zanie do wykonania \u015bwiadczenia Grupa realizuje umow\u0119 typu streaming arrangement, stanowi\u0105c\u0105 dost\u0119pne na rynku \u017ar\u00f3d\u0142o finansowania jednostek dzia\u0142aj\u0105cych w bran\u017cy wydobywczej. Umowa  dotyczy  sprzeda\u017cy  po\u0142owy  produkcji  z\u0142ota,  platyny  oraz  palladu  zawartych  w  rudzie  wydobytej  w  okresie  \u017cycia nast\u0119puj\u0105cych kopal\u0144:  Morr ison, McCreedy  West oraz  Podolsky wchodz\u0105cych  w  sk\u0142ad  OWSP  Sudbury. Na  podstawie warunk\u00f3w  umowy  Quadra  FNX  Mining  Ltd.  otrzyma\u0142a  przedp\u0142at\u0119  w wysoko\u015bci  400  mln  CAD.  Jednocze\u015bnie,  cena  sprzeda\u017cy  za  uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z umow\u0105, stanowi mniejsza z kwot: (a) 400 USD, powi\u0119kszone o 1% ka\u017cdego roku pocz\u0105wszy od 2011 r., b\u0105d\u017a (b) cena rynkowa z\u0142ota. Otrzymana przedp\u0142ata pokrywa r\u00f3\u017cnic\u0119 pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105 sprzedanej rudy, a jej warto\u015bci\u0105 w sta\u0142ej cenie sprzeda\u017cy. Grupa uj\u0119\u0142a zobowi\u0105zanie z tytu\u0142u umowy w kwocie zaliczki z tytu\u0142u zobowi\u0105zania jednostki do wykonania \u015bwiadczenia w postaci przekazania lub gotowo\u015bci do przekazania d\u00f3br lub us\u0142ug w przysz\u0142o\u015bci. Grupa zaprzestaje ujmowania tego zobowi\u0105zania  z  tytu\u0142u  umowy  i  ujmuje  przych\u00f3d  w  momencie, gdy  przenosi  owe  dobra  lub  us\u0142ugi  na  klienta,  spe\u0142niaj\u0105c  w  ten spos\u00f3b swoje zobowi\u0105zanie do wykonania \u015bwiadczenia. Wynagrodzenie zmienne W umowie z Franco Nevada \u0142\u0105czna cena transakcyjna jest zmienna i zale\u017cy od ilo\u015bci sprzedanych surowc\u00f3w, a ta z kolei zale\u017cy od wydobycia  rudy  w  przysz\u0142o\u015bci  przez  okres  \u017cycia  kopalni  (w  tym  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zatem,  je\u017celi  w  kolejnych  okresach sprawozdawczych  Grupa  dokona  zmiany  os\u0105du  w  zakresie  planowanego  wydobycia rudy,  a  w  konsekwencji  ilo\u015bci  sprzedanych surowc\u00f3w \u2013 dokona tak\u017ce aktualizacji ceny transakcyjnej. Kwoty  przypisane  do  spe\u0142nionych  zobowi\u0105za\u0144  do  wykonania  \u015bwiadczenia  Grupa  ujmuje  jako  przychody  lub  jako  zmniejszenie przychod\u00f3w w okresie, w kt\u00f3rym cena transakcyjna uleg\u0142a zmianie. Istotny element finansowania W kontek\u015bcie umowy z Franco Nevada, maj\u0105c na uwadze przewidywany okres od momentu, w kt\u00f3rym otrzymano przedp\u0142at\u0119 do momentu,  w  kt\u00f3rym  Grupa  przekazuje  przyrzeczone  dobra  (okres  \u017cycia  kopalni,  tj.  kilkadziesi\u0105t  lat)  oraz  charakter  tej  umowy uznano,  \u017ce  rozk\u0142ad  w  czasie  p\u0142atno\u015bci  daje  Grupie  korzy\u015bci  z  tytu\u0142u  finansowania  dostawy  surowc\u00f3w  przez  kupuj\u0105cego  (Franco Nevada), co skutkuje tym, \u017ce umowa zawiera istotny element finansowania. Grupa przedstawia skutki finansowania (koszty z tytu\u0142u odsetek) oddzielnie od przychod\u00f3w z um\u00f3w z klientami w sprawozdaniu z wyniku.  Koszty  z  tytu\u0142u  odsetek  ujmowane  s\u0105  tylko  w  takim  zakresie,  w  jakim  wcze\u015bniej  uj\u0119to  zobowi\u0105zanie  z  tytu\u0142u  umowy z Franco Nevada. Ustalenie ceny transakcyjnej przypisanej do pozosta\u0142ych zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 W  sytuacji,  kiedy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  Grupa  posiada  pozosta\u0142e  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, wymagane  jest  ujawnienie  ceny  transakcyjnej  przypisanej  do  tych  zobowi\u0105za\u0144  (MSSF  15.120-122).  Grupa  stosuje  rozwi\u0105zanie praktyczne i nie ujawnia zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 stanowi\u0105cych cz\u0119\u015b\u0107 um\u00f3w, kt\u00f3rych przewidywany pierwotny okres obowi\u0105zywania wynosi jeden rok lub kr\u00f3cej. Grupa posiada r\u00f3wnie\u017c kontrakty d\u0142ugoterminowe, w kt\u00f3rych cena jest oparta g\u0142\u00f3wnie na wynagrodzeniu zmiennym, kt\u00f3rego Grupa nie uwzgl\u0119dnia w szacunku ceny transakcyjnej. Ponadto, Grupa (przez sp\u00f3\u0142k\u0119 DMC) realizuje kontrakty d\u0142ugoterminowe na budow\u0119 kopal\u0144, w kt\u00f3rych do ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach  spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie,  kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. \u0141\u0105czna kwota ceny transakcyjnej przypisanej do zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144, kt\u00f3re pozosta\u0142y niespe\u0142nione na koniec okresu sprawozdawczego wynios\u0142a 899 mln PLN, z czego kwota 559 mln PLN zostanie zrealizowana w roku 2023, kwota 149 mln PLN zostanie zrealizowana w 2024 r., a kwota 191 mln PLN zostanie zrealizowana w 2025 r. lub p\u00f3\u017aniej. W tych kontraktach nie wyst\u0119puje zmienny element wynagrodzenia. Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug asortymentu od 01.01.2022 do 31.12.2022 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 22 2072 0153 248 10(3 248)( 51)24 181Srebro 4 341 30 82-( 82)-4 371Z\u0142oto  649 313 269-( 269)- 962Us\u0142ugi  174 595-2 307-(1 745)1 331Energia  35-- 358-( 212) 181S\u00f3l  36---- 23 59\u015arodki strza\u0142owe  i materia\u0142y wybuchowe --- 300-( 151) 149Maszyny g\u00f3rnicze, \u015brodki transportu i inne typy maszyn i urz\u0105dze\u0144 --- 315-( 271) 44Dodatki do paliw --- 159-- 159O\u0142\u00f3w  295----- 295Wyroby z innych metali nie\u017celaznych --- 179-( 4) 175Stal --- 623-( 142) 481Ropa naftowa i jej pochodne --- 528-( 431) 97Pozosta\u0142e towary i materia\u0142y  367--7 313-(7 224) 456Pozosta\u0142e produkty  325 264 375 797( 375)( 480) 906RAZEM 28 4293 2173 97412 889(3 974)(10 688)33 847* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2021 do 31.12.2021 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 19 0792 3253 756 8(3 756)( 32)21 380Srebro 3 990 8 95-( 95)-3 998Z\u0142oto  548 243 212-( 212)- 791Us\u0142ugi  143 426-2 089-(1 581)1 077Energia  51-- 250-( 167) 134S\u00f3l  29---- 32 61\u015arodki strza\u0142owe  i materia\u0142y wybuchowe --- 219-( 168) 51Maszyny g\u00f3rnicze, \u015brodki transportu i inne typy maszyn i urz\u0105dze\u0144 --- 212-( 171) 41Dodatki do paliw --- 123-- 123O\u0142\u00f3w  271----- 271Wyroby z innych metali nie\u017celaznych --- 114-( 4) 110Stal --- 604-( 66) 538Ropa naftowa i jej pochodne --- 325-( 275) 50Pozosta\u0142e towary i materia\u0142y  278--5 703-(5 518) 463Pozosta\u0142e produkty  229 123 522 682( 522)( 319) 715RAZEM 24 6183 1254 58510 329(4 585)(8 269)29 803* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. Nota 2.4 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug kategorii od 01.01.2022 do 31.12.2022 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z klientami og\u00f3\u0142em 28 4293 2173 97412 889(3 974)(10 688)33 847Przychody z um\u00f3w sprzeda\u017cy, dla kt\u00f3rych cena jest ustalana po dniu uj\u0119cia sprzeda\u017cy w ksi\u0119gach (zasada M+) z tego: 21 7672 5563 9746 259(3 974)(6 038)24 544   rozliczone 21 0451 4592 0686 259(2 068)(6 038)22 725   nierozliczone  7221 0971 906-(1 906)-1 819Przychody z tytu\u0142u realizacji kontrakt\u00f3w d\u0142ugoterminowych dotycz\u0105cych budowy kopal\u0144 - 555- 165-( 146) 574Przychody z pozosta\u0142ych um\u00f3w sprzeda\u017cy 6 662 106-6 465 -(4 504)8 729Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 28 4293 2173 97412 889(3 974)(10 688)33 847   obj\u0119te faktoringiem wierzytelno\u015bciowym 8 677-- 390-( 304)8 763   nieobj\u0119te faktoringiem wierzytelno\u015bciowym 19 7523 2173 97412 499(3 974)(10 384)25 084* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2022  do 31.12.2022 od 01.01.2021  do 31.12.2021 Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 33 84729 803   przekazywane w okre\u015blonym momencie 32 22928 592   przekazywane w miar\u0119 up\u0142ywu czasu 1 6181 211od 01.01.2021 do 31.12.2021 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z klientami og\u00f3\u0142em 24 6183 1254 58510 329(4 585)(8 269)29 803Przychody z um\u00f3w sprzeda\u017cy, dla kt\u00f3rych cena jest ustalana po dniu uj\u0119cia sprzeda\u017cy w ksi\u0119gach (zasada M+) z tego: 19 8382 6904 3694 751(4 369)(4 648)22 631   rozliczone 18 9522 6211 8744 751(1 874)(4 648)21 676   nierozliczone  886 692 495-(2 495)- 955Przychody z tytu\u0142u realizacji kontrakt\u00f3w d\u0142ugoterminowych dotycz\u0105cych budowy kopal\u0144 - 403- 220-( 211) 412Przychody z pozosta\u0142ych um\u00f3w sprzeda\u017cy 4 780 32 2165 358( 216)(3 410)6 760Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 24 6183 1254 58510 329(4 585)(8 269)29 803   obj\u0119te faktoringiem wierzytelno\u015bciowym 8 575-- 106-( 46)8 635   nieobj\u0119te faktoringiem wierzytelno\u015bciowym 16 0433 1254 58510 223(4 585)(8 223)21 168* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. Nota 2.5 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 geograficzny wed\u0142ug lokalizacji finalnych odbiorc\u00f3w od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021       Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych Grupa Kapita\u0142owa KGHM Polska Mied\u017a S.A. KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Pozosta\u0142e segmenty Eliminacja danych segmentu Sierra Gorda S.C.M. Korekty konsolidacyjne Dane skonsolidowane Polska 7 158  -   17  12 474  ( 17)  (10 646)  8 986 7 608 Niemcy 5 502  -  -   101  -  -  5 603 3 787 Chiny 2 147  1 595  1 701  -  (1 701)  -  3 742 4 158 W\u0142ochy 2 319  -  -   29  -  -  2 348 2 022 Czechy 2 250  -  -   19  -  -  2 269 1 828 Wielka Brytania 1 676  -  -   6  -  -  1 682 1 290 W\u0119gry 1 408  -  -   11  -  -  1 419 1 129 Stany Zjednoczone Ameryki  997   198   7   16  ( 7)  ( 1)  1 210 2 261 Francja  896  -  -   5  -  -   901  794 Kanada  50   855  -  -  -  ( 40)   865  527 Szwajcaria  790  -  -   7  -  -   797  590 Australia  787  -  -  -  -  -   787 1 020 Austria  542  -  -   28  -  -   570  457 Tajlandia  437  -  -   5  -  -   442  463 Chile  7   304  1 231   1  (1 231)  ( 1)   311  201 Turcja  282  -  -   15  -  -   297  130 Wietnam  231  -  -  -  -  -   231  336 S\u0142owacja  178  -  -   19  -  -   197  140 Filipiny -   173  -  -  -  -   173  91 Rumunia  138  -  -   4  -  -   142  258 S\u0142owenia  130  -  -   2  -  -   132  150 Meksyk -   92  -  -  -  -   92 - Malezja  72  -  -  -  -  -   72  47 Tajwan  69  -  -  -  -  -   69 - Korea Po\u0142udniowa  68  -   54  -  ( 54)  -   68  58 Belgia  51  -  -   16  -  -   67  29 Japonia  64  -   786  -  ( 786)  -   64  139 Bu\u0142garia  29  -  -   18  -  -   47  41 Szwecja -  -  -   31  -  -   31  56 Dania  27  -  -   1  -  -   28  44 Bo\u015bnia i Hercegowina  23  -  -   2  -  -   25 - Litwa  3  -  -   19  -  -   22  12 Estonia  14  -  -   3  -  -   17  20 Norwegia -  -  -   16  -  -   16  15 Holandia  7  -   127  -  ( 127)  -   7  4 Rosja -  -  -   6  -  -   6  26 Indie -  -   10  -  ( 10)  -  - - Brazylia -  -   38  -  ( 38)  -  -  8 Pozosta\u0142e kraje  77  -   3   35  ( 3)  -   112  64 RAZEM 28 429  3 217  3 974  12 889  (3 974)  (10 688)  33 847 29 803    * 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-434": {
   "value": "Nota 2.3 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug asortymentu Zasady rachunkowo\u015bci W  przychodach  z  um\u00f3w  z  klientami  w  sprawozdaniu  z  wyniku  ujmowane  s\u0105  przychody  powstaj\u0105ce  ze  zwyk\u0142ej  dzia\u0142alno\u015bci operacyjnej Grupy, tj. przychody ze sprzeda\u017cy produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w. Grupa  generuje  przychody  g\u0142\u00f3wnie  ze  sprzeda\u017cy:  miedzi,  srebra  i  z\u0142ota.  Pozosta\u0142e  mniejsze  strumienie  przychod\u00f3w  pochodz\u0105 ze sprzeda\u017cy us\u0142ug (w tym dystrybucji energii elektrycznej i innych medi\u00f3w oraz us\u0142ug budowy kopal\u0144) oraz pozosta\u0142ych produkt\u00f3w (w tym energii elektrycznej), towar\u00f3w i materia\u0142\u00f3w (w tym stali i ropy naftowej i jej pochodnych). Grupa  ujmuje  przychody  z  um\u00f3w  z  klientami  w  momencie  spe\u0142nienia  przez  Grup\u0119  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, poprzez  przekazanie  przyrzeczonego  towaru  lub  us\u0142ugi  nabywcy,  gdzie  przekazanie  to  stanowi  jednocze\u015bnie  uzyskanie  przez nabywc\u0119  kontroli  nad  tym  sk\u0142adnikiem  aktyw\u00f3w,  tj.  zdolno\u015bci  do  bezpo\u015bredniego  rozporz\u0105dzania  przekazanym  sk\u0142adnikiem aktyw\u00f3w  i  uzyskiwania  z  niego  zasadniczo  wszystkich  pozosta\u0142ych  korzy\u015bci  oraz  zdolno\u015b\u0107  do  niedopuszczania  innych  jednostek do rozporz\u0105dzania sk\u0142adnikiem aktyw\u00f3w i uzyskiwania z niego korzy\u015bci. Poniewa\u017c w wi\u0119kszo\u015bci transakcji sprzeda\u017cy po dokonaniu wysy\u0142ki  przyrzeczonego  towaru  i  przekazaniu  nad  nim  kontroli  Grupa  ma  bezwarunkowe  prawo  do  otrzymania  wynagrodzenia od klienta, gdy\u017c jedynym  warunkiem jego  otrzymania jest up\u0142yw czasu, Grupa ujmuje nale\u017cne jej  wynagrodzenie  z  tytu\u0142u um\u00f3w z klientami jako nale\u017cno\u015b\u0107 i tym samym Grupa nie rozpoznaje aktyw\u00f3w z tytu\u0142u wykonania  umowy. Ponadto,  przychody  ze  sprzeda\u017cy us\u0142ug  Grupa  ujmuje  w  wyniku  finansowym w  miar\u0119  up\u0142ywu czasu,  je\u017celi  spe\u0142niony  jest  jeden z nast\u0119puj\u0105cych warunk\u00f3w: -  klient  jednocze\u015bnie otrzymuje i czerpie korzy\u015bci ekonomiczne p\u0142yn\u0105ce ze \u015bwiadczenia Grupy w miar\u0119  jak  wykonuje ona swoje zobowi\u0105zanie, lub -  w  wyniku  spe\u0142nienia  zobowi\u0105zania  przez  Grup\u0119  powstaje  lub  zostaje  ulepszony  sk\u0142adnik  aktyw\u00f3w  (np.  produkcja  w toku), a kontrol\u0119 nad tym sk\u0142adnikiem w miar\u0119 jego powstawania lub ulepszania, sprawuje klient, lub -  w wyniku spe\u0142nienia zobowi\u0105zania przez Grup\u0119 powstaje sk\u0142adnik aktyw\u00f3w, kt\u00f3ry nie ma alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty za dotychczas wykonane \u015bwiadczenie. Je\u017celi  Grupa  ujmuje  przych\u00f3d  na  podstawie  obmiar\u00f3w  zgodnie  z  przyj\u0119t\u0105  metod\u0105  pomiaru  stopnia  zaawansowania  wykonania \u015bwiadczenia,  zanim  zostanie  wystawiona  faktura,  ujmuje  nale\u017cne  wynagrodzenie  jako  aktywo  z  tytu\u0142u  umowy  i  przenosi  je  na nale\u017cno\u015bci kiedy prawo do wynagrodzenia staje si\u0119 bezwarunkowe. Jako  zobowi\u0105zanie  do  wykonania  \u015bwiadczenia  Grupa  rozpoznaje  ka\u017cde,  zawarte  w  umowie  przyrzeczenie  przekazania  klientowi towaru lub us\u0142ugi, kt\u00f3re mo\u017cna wyodr\u0119bni\u0107, lub grupy wyodr\u0119bnionych towar\u00f3w lub us\u0142ug, kt\u00f3re s\u0105 zasadniczo takie same i w taki sam spos\u00f3b przekazywane klientowi. Dla ka\u017cdego zobowi\u0105zania do wykonania \u015bwiadczenia, Grupa ustala (na podstawie warunk\u00f3w umownych), czy b\u0119dzie je realizowa\u0107 w miar\u0119 up\u0142ywu czasu lub czy spe\u0142ni je w okre\u015blonym momencie. W szczeg\u00f3lno\u015bci dla um\u00f3w na sprzeda\u017c miedzi, srebra i z\u0142ota ka\u017cda jednostka miary przekazanego towaru (np. 1 tona miedzi lub 1 kg srebra) stanowi odr\u0119bne zobowi\u0105zanie do wykonania \u015bwiadczenia. W zwi\u0105zku z tym, dla ka\u017cdej sprzeda\u017cy lub wysy\u0142ki produkt\u00f3w, obejmuj\u0105cej wielokrotno\u015b\u0107 jednostki  miary  przekazanego  produktu,  kt\u00f3ra  jest  realizowana  w  tym  samym  czasie,  Grupa  wype\u0142nia  swoje  zobowi\u0105zania  do wykonania \u015bwiadczenia oraz ujmuje przych\u00f3d, w tym samym momencie. W  kontraktach handlowych,  w  kt\u00f3rych wype\u0142nienie  zobowi\u0105zania  do  wykonania \u015bwiadczenia  zachodzi  w  okre\u015blonym  momencie czasu, Grupa stosuje r\u00f3\u017cne warunki p\u0142atno\u015bci obejmuj\u0105ce zar\u00f3wno przedp\u0142aty do kilku dni przed dostaw\u0105 jak i odroczone terminy p\u0142atno\u015bci do 120 dni, przy czym odroczone terminy p\u0142atno\u015bci nie dotycz\u0105 srebra. Terminy p\u0142atno\u015bci uzale\u017cnione s\u0105 od oceny ryzyka kredytowego odbiorcy oraz mo\u017cliwo\u015bci zabezpieczenia nale\u017cno\u015bci. P\u0142atno\u015b\u0107 wynagrodzenia staje si\u0119 wymagalna, w zale\u017cno\u015bci od warunk\u00f3w  umownych,  tj.  przed  zrealizowaniem  przez  Grup\u0119  dostawy  (przedp\u0142ata)  lub  po  wype\u0142nieniu  przez  Grup\u0119  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia.  Je\u017celi  Grupa  otrzymuje  wynagrodzenie  od  klienta  przed  wype\u0142nieniem  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia,  ujmuje  je  jako  zobowi\u0105zanie  z  tytu\u0142u  umowy.  Natomiast  w  przypadku  odroczonych termin\u00f3w  p\u0142atno\u015bci,  Grupa  ujmuje  wymagalne  od  klienta  wynagrodzenie  jako  nale\u017cno\u015b\u0107,  dopiero  po  przekazaniu  klientowi przyrzeczonych produkt\u00f3w i wystawieniu faktury.    Przychody z um\u00f3w z klientami ujmuje si\u0119 w kwocie r\u00f3wnej cenie transakcyjnej, stanowi\u0105cej kwot\u0119 wynagrodzenia, kt\u00f3re \u2013 zgodnie z oczekiwaniem  Grupy  \u2013  b\u0119dzie  jej  przys\u0142ugiwa\u0107  w  zamian  za  przekazanie  przyrzeczonych  d\u00f3br  lub  us\u0142ug  na  rzecz  klienta, z wy\u0142\u0105czeniem kwot pobranych w imieniu os\u00f3b trzecich.  Cena  transakcyjna  odzwierciedla r\u00f3wnie\u017c  zmian\u0119 warto\u015bci  pieni\u0105dza  w  czasie,  je\u017celi  umowa  z klientem  zawiera istotny element finansowania, kt\u00f3ry okre\u015bla si\u0119 na podstawie umownych warunk\u00f3w p\u0142atno\u015bci, bez wzgl\u0119du na to czy zosta\u0142 on wyra\u017anie okre\u015blony w umowie. Oceniaj\u0105c, czy komponent  finansowania jest istotny dla  umowy, uwzgl\u0119dnia si\u0119 wszystkie fakty i okoliczno\u015bci,  w  tym ewentualn\u0105 r\u00f3\u017cnic\u0119 mi\u0119dzy kwot\u0105 przyrzeczonego wynagrodzenia a cen\u0105 sprzeda\u017cy got\u00f3wkowej przyrzeczonych towar\u00f3w i us\u0142ug oraz  \u0142\u0105czny  wp\u0142yw  obu  nast\u0119puj\u0105cych  czynnik\u00f3w:  (i)  przewidywany  okres  od  momentu,  w  kt\u00f3rym  jednostka  przekazuje przyrzeczone towary lub us\u0142ugi klientowi do momentu, w kt\u00f3rym klient p\u0142aci za te  towary lub us\u0142ugi, oraz (ii) stopy procentowe obowi\u0105zuj\u0105ce na danym rynku. W zrealizowanych umowach sprzeda\u017cy do klient\u00f3w w 2022 r. oraz 2021 r. Grupa zidentyfikowa\u0142a istotny komponent finansowania w kontrakcie z Franco Nevada (umowa opisana poni\u017cej w cz\u0119\u015bci Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy).  Grupa  przedstawia  skutki  finansowania  (koszty  z  tytu\u0142u  odsetek)  odr\u0119bnie  od  przychod\u00f3w  z  um\u00f3w  z  klientami w sprawozdaniu z ca\u0142kowitych dochod\u00f3w. W kontrakcie z Franco Nevada wyst\u0119puje r\u00f3wnie\u017c element zmienno\u015bci wynagrodzenia. W takiej  sytuacji  Grupa  rozpoznaje  przychody  oszacowuj\u0105c  kwot\u0119  wynagrodzenia,  do  kt\u00f3rego  b\u0119dzie  uprawniona  w  zamian za przekazane dobra na rzecz klienta i zalicza do ceny transakcyjnej cz\u0119\u015b\u0107 lub ca\u0142o\u015b\u0107 kwoty wynagrodzenia zmiennego wy\u0142\u0105cznie w takim  zakresie  w  jakim  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  odwr\u00f3cenie  znacz\u0105cej  cz\u0119\u015bci  wcze\u015bniej  uj\u0119tych skumulowanych przychod\u00f3w w momencie kiedy niepewno\u015b\u0107 co do wysoko\u015bci wynagrodzenia ustanie. W  przypadku  transakcji  sprzeda\u017cy  produkt\u00f3w  miedzi  i  srebra,  dla  kt\u00f3rych  cena  zostanie  ustalona  po  dniu  uj\u0119cia  sprzeda\u017cy w ksi\u0119gach  rachunkowych,  na  moment  pocz\u0105tkowego  uj\u0119cia  transakcji  dokonuje  si\u0119  korekty  przychod\u00f3w  ze  sprzeda\u017cy  z  tytu\u0142u r\u00f3\u017cnicy  pomi\u0119dzy  cen\u0105  terminow\u0105  metalu  wyra\u017con\u0105  w  USD  z  dnia  rozpoznania  sprzeda\u017cy  na  okres  odpowiadaj\u0105cy  okresowi rozliczenia  transakcji,  a  cen\u0105  wynikaj\u0105c\u0105  z faktury  prowizorycznej.  Korekta  ta  doprowadza  warto\u015b\u0107  transakcji  do  warto\u015bci oczekiwanej  jako  ceny  transakcyjnej  na  moment  pocz\u0105tkowego  uj\u0119cia.    Dotyczy  to  wy\u0142\u0105cznie  przypadk\u00f3w,  gdy  zmiana  ceny transakcyjnej wynika ze zmiany ceny metalu. Do tego typu zmiennych przychod\u00f3w nie ma zastosowania ograniczenie z MSSF 15 dotycz\u0105ce  ujmowania  zmiennego  wynagrodzenia  w kwocie,  co  do  kt\u00f3rej  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  jej odwr\u00f3cenie. Zmiany zarachowanej kwoty po momencie uj\u0119cia nie wp\u0142ywaj\u0105 na przychody ze sprzeda\u017cy lecz stanowi\u0105 zyski/straty z wyceny do warto\u015bci godziwej nale\u017cno\u015bci, zgodnie z zasadami rachunkowo\u015bci przedstawionymi w Nocie 10.2. Przychody  ze  sprzeda\u017cy  korygowane  s\u0105  o  wynik  z  rozliczenia  instrument\u00f3w  pochodnych  zabezpieczaj\u0105cych  przysz\u0142e  przep\u0142ywy pieni\u0119\u017cne, zgodnie z og\u00f3ln\u0105 zasad\u0105, \u017ce rozliczenie pochodnego instrumentu zabezpieczaj\u0105cego w cz\u0119\u015bci stanowi\u0105cej zabezpieczenie efektywne ujmuje si\u0119 w tej samej pozycji wyniku finansowego, w kt\u00f3rej ujmowana jest wycena pozycji zabezpieczanej w momencie, kiedy pozycja zabezpieczana wp\u0142ywa na wynik finansowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Grupa  ujmuje  przychody  ze  sprzeda\u017cy  produkt\u00f3w,  towar\u00f3w  i  materia\u0142\u00f3w  w  wyniku  finansowym  jednorazowo,  w momencie spe\u0142nienia zobowi\u0105zania do wykonania \u015bwiadczenia, w szczeg\u00f3lno\u015bci okre\u015blanym  w oparciu o formu\u0142y baz  dostawy  INCOTERMS. W wi\u0119kszo\u015bci kontrakt\u00f3w, moment przeniesienia kontroli na klienta nast\u0119puje po dostarczeniu d\u00f3br do klienta, przez co rozumie si\u0119 r\u00f3wnie\u017c dostarczenie d\u00f3br przewo\u017anikowi lub podstawienie ich klientowi na wyznaczony zak\u0142ad (bazy DAP, FCA i EX WORKS). W pozosta\u0142ych  kontraktach  przeniesienie  kontroli  nad  dobrami  na  klienta  nast\u0119puje  w  momencie  przekazania  przewo\u017anikowi morskiemu na pok\u0142ad statku (bazy CFR, CIF, CPT oraz CIP). W tych kontraktach Grupa jest zobowi\u0105zana r\u00f3wnie\u017c do zorganizowania  transportu. W takich przypadkach Grupa dzia\u0142a jako zleceniodawca, poniewa\u017c sprawuje kontrol\u0119 nad wykonaniem us\u0142ugi przed jej przekazaniem do klienta. Jednocze\u015bnie Grupa przypisuje cz\u0119\u015b\u0107 ceny transakcyjnej do us\u0142ugi transportu i ujmuje przych\u00f3d z tego tytu\u0142u w miar\u0119 up\u0142ywu czasu. Grupa  rozpoznaje  przychody  w  miar\u0119  up\u0142ywu  czasu  z  tytu\u0142u  realizowanych  us\u0142ug  budowy  kopal\u0144  i  prowadzenia  innych  rob\u00f3t geologicznych.  Grupa  spe\u0142nia  zobowi\u0105zania  w  czasie,  poniewa\u017c  klient  jednocze\u015bnie  otrzymuje  i  czerpie  korzy\u015bci  ekonomiczne wynikaj\u0105ce  ze  \u015bwiadczonej  us\u0142ugi  w  miar\u0119  jej  wykonywania  lub  ze  wzgl\u0119du  na  wytwarzanie  sk\u0142adnik\u00f3w,  kt\u00f3re  nie  maj\u0105 alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty. Do pomiaru stopnia zaawansowania wykonania \u015bwiadczenia Grupa stosuje  metod\u0119 opart\u0105 na  nak\u0142adach  poniesionych  przy  spe\u0142nianiu zobowi\u0105zania do wykonania \u015bwiadczenia na  bazie  poniesionych koszt\u00f3w oraz do innych kontrakt\u00f3w metod\u0119 opart\u0105 na wynikach, gdzie z g\u00f3ry okre\u015blona cena jednostkowa jest stosowana do wyceny jednostki produkcji (np. do wyceny metr\u00f3w wydr\u0105\u017conego chodnika). Kontrakt z Franco Nevada Zobowi\u0105zanie do wykonania \u015bwiadczenia Grupa realizuje umow\u0119 typu streaming arrangement, stanowi\u0105c\u0105 dost\u0119pne na rynku \u017ar\u00f3d\u0142o finansowania jednostek dzia\u0142aj\u0105cych w bran\u017cy wydobywczej. Umowa  dotyczy  sprzeda\u017cy  po\u0142owy  produkcji  z\u0142ota,  platyny  oraz  palladu  zawartych  w  rudzie  wydobytej  w  okresie  \u017cycia nast\u0119puj\u0105cych kopal\u0144:  Morr ison, McCreedy  West oraz  Podolsky wchodz\u0105cych  w  sk\u0142ad  OWSP  Sudbury. Na  podstawie warunk\u00f3w  umowy  Quadra  FNX  Mining  Ltd.  otrzyma\u0142a  przedp\u0142at\u0119  w wysoko\u015bci  400  mln  CAD.  Jednocze\u015bnie,  cena  sprzeda\u017cy  za  uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z umow\u0105, stanowi mniejsza z kwot: (a) 400 USD, powi\u0119kszone o 1% ka\u017cdego roku pocz\u0105wszy od 2011 r., b\u0105d\u017a (b) cena rynkowa z\u0142ota. Otrzymana przedp\u0142ata pokrywa r\u00f3\u017cnic\u0119 pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105 sprzedanej rudy, a jej warto\u015bci\u0105 w sta\u0142ej cenie sprzeda\u017cy. Grupa uj\u0119\u0142a zobowi\u0105zanie z tytu\u0142u umowy w kwocie zaliczki z tytu\u0142u zobowi\u0105zania jednostki do wykonania \u015bwiadczenia w postaci przekazania lub gotowo\u015bci do przekazania d\u00f3br lub us\u0142ug w przysz\u0142o\u015bci. Grupa zaprzestaje ujmowania tego zobowi\u0105zania  z  tytu\u0142u  umowy  i  ujmuje  przych\u00f3d  w  momencie, gdy  przenosi  owe  dobra  lub  us\u0142ugi  na  klienta,  spe\u0142niaj\u0105c  w  ten spos\u00f3b swoje zobowi\u0105zanie do wykonania \u015bwiadczenia. Wynagrodzenie zmienne W umowie z Franco Nevada \u0142\u0105czna cena transakcyjna jest zmienna i zale\u017cy od ilo\u015bci sprzedanych surowc\u00f3w, a ta z kolei zale\u017cy od wydobycia  rudy  w  przysz\u0142o\u015bci  przez  okres  \u017cycia  kopalni  (w  tym  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zatem,  je\u017celi  w  kolejnych  okresach sprawozdawczych  Grupa  dokona  zmiany  os\u0105du  w  zakresie  planowanego  wydobycia rudy,  a  w  konsekwencji  ilo\u015bci  sprzedanych surowc\u00f3w \u2013 dokona tak\u017ce aktualizacji ceny transakcyjnej. Kwoty  przypisane  do  spe\u0142nionych  zobowi\u0105za\u0144  do  wykonania  \u015bwiadczenia  Grupa  ujmuje  jako  przychody  lub  jako  zmniejszenie przychod\u00f3w w okresie, w kt\u00f3rym cena transakcyjna uleg\u0142a zmianie. Istotny element finansowania W kontek\u015bcie umowy z Franco Nevada, maj\u0105c na uwadze przewidywany okres od momentu, w kt\u00f3rym otrzymano przedp\u0142at\u0119 do momentu,  w  kt\u00f3rym  Grupa  przekazuje  przyrzeczone  dobra  (okres  \u017cycia  kopalni,  tj.  kilkadziesi\u0105t  lat)  oraz  charakter  tej  umowy uznano,  \u017ce  rozk\u0142ad  w  czasie  p\u0142atno\u015bci  daje  Grupie  korzy\u015bci  z  tytu\u0142u  finansowania  dostawy  surowc\u00f3w  przez  kupuj\u0105cego  (Franco Nevada), co skutkuje tym, \u017ce umowa zawiera istotny element finansowania. Grupa przedstawia skutki finansowania (koszty z tytu\u0142u odsetek) oddzielnie od przychod\u00f3w z um\u00f3w z klientami w sprawozdaniu z wyniku.  Koszty  z  tytu\u0142u  odsetek  ujmowane  s\u0105  tylko  w  takim  zakresie,  w  jakim  wcze\u015bniej  uj\u0119to  zobowi\u0105zanie  z  tytu\u0142u  umowy z Franco Nevada. Ustalenie ceny transakcyjnej przypisanej do pozosta\u0142ych zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 W  sytuacji,  kiedy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  Grupa  posiada  pozosta\u0142e  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, wymagane  jest  ujawnienie  ceny  transakcyjnej  przypisanej  do  tych  zobowi\u0105za\u0144  (MSSF  15.120-122).  Grupa  stosuje  rozwi\u0105zanie praktyczne i nie ujawnia zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 stanowi\u0105cych cz\u0119\u015b\u0107 um\u00f3w, kt\u00f3rych przewidywany pierwotny okres obowi\u0105zywania wynosi jeden rok lub kr\u00f3cej. Grupa posiada r\u00f3wnie\u017c kontrakty d\u0142ugoterminowe, w kt\u00f3rych cena jest oparta g\u0142\u00f3wnie na wynagrodzeniu zmiennym, kt\u00f3rego Grupa nie uwzgl\u0119dnia w szacunku ceny transakcyjnej. Ponadto, Grupa (przez sp\u00f3\u0142k\u0119 DMC) realizuje kontrakty d\u0142ugoterminowe na budow\u0119 kopal\u0144, w kt\u00f3rych do ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach  spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie,  kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. \u0141\u0105czna kwota ceny transakcyjnej przypisanej do zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144, kt\u00f3re pozosta\u0142y niespe\u0142nione na koniec okresu sprawozdawczego wynios\u0142a 899 mln PLN, z czego kwota 559 mln PLN zostanie zrealizowana w roku 2023, kwota 149 mln PLN zostanie zrealizowana w 2024 r., a kwota 191 mln PLN zostanie zrealizowana w 2025 r. lub p\u00f3\u017aniej. W tych kontraktach nie wyst\u0119puje zmienny element wynagrodzenia. Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug asortymentu od 01.01.2022 do 31.12.2022 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 22 2072 0153 248 10(3 248)( 51)24 181Srebro 4 341 30 82-( 82)-4 371Z\u0142oto  649 313 269-( 269)- 962Us\u0142ugi  174 595-2 307-(1 745)1 331Energia  35-- 358-( 212) 181S\u00f3l  36---- 23 59\u015arodki strza\u0142owe  i materia\u0142y wybuchowe --- 300-( 151) 149Maszyny g\u00f3rnicze, \u015brodki transportu i inne typy maszyn i urz\u0105dze\u0144 --- 315-( 271) 44Dodatki do paliw --- 159-- 159O\u0142\u00f3w  295----- 295Wyroby z innych metali nie\u017celaznych --- 179-( 4) 175Stal --- 623-( 142) 481Ropa naftowa i jej pochodne --- 528-( 431) 97Pozosta\u0142e towary i materia\u0142y  367--7 313-(7 224) 456Pozosta\u0142e produkty  325 264 375 797( 375)( 480) 906RAZEM 28 4293 2173 97412 889(3 974)(10 688)33 847* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2021 do 31.12.2021 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowaneMied\u017a 19 0792 3253 756 8(3 756)( 32)21 380Srebro 3 990 8 95-( 95)-3 998Z\u0142oto  548 243 212-( 212)- 791Us\u0142ugi  143 426-2 089-(1 581)1 077Energia  51-- 250-( 167) 134S\u00f3l  29---- 32 61\u015arodki strza\u0142owe  i materia\u0142y wybuchowe --- 219-( 168) 51Maszyny g\u00f3rnicze, \u015brodki transportu i inne typy maszyn i urz\u0105dze\u0144 --- 212-( 171) 41Dodatki do paliw --- 123-- 123O\u0142\u00f3w  271----- 271Wyroby z innych metali nie\u017celaznych --- 114-( 4) 110Stal --- 604-( 66) 538Ropa naftowa i jej pochodne --- 325-( 275) 50Pozosta\u0142e towary i materia\u0142y  278--5 703-(5 518) 463Pozosta\u0142e produkty  229 123 522 682( 522)( 319) 715RAZEM 24 6183 1254 58510 329(4 585)(8 269)29 803* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. Nota 2.4 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 wed\u0142ug kategorii od 01.01.2022 do 31.12.2022 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z klientami og\u00f3\u0142em 28 4293 2173 97412 889(3 974)(10 688)33 847Przychody z um\u00f3w sprzeda\u017cy, dla kt\u00f3rych cena jest ustalana po dniu uj\u0119cia sprzeda\u017cy w ksi\u0119gach (zasada M+) z tego: 21 7672 5563 9746 259(3 974)(6 038)24 544   rozliczone 21 0451 4592 0686 259(2 068)(6 038)22 725   nierozliczone  7221 0971 906-(1 906)-1 819Przychody z tytu\u0142u realizacji kontrakt\u00f3w d\u0142ugoterminowych dotycz\u0105cych budowy kopal\u0144 - 555- 165-( 146) 574Przychody z pozosta\u0142ych um\u00f3w sprzeda\u017cy 6 662 106-6 465 -(4 504)8 729Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 28 4293 2173 97412 889(3 974)(10 688)33 847   obj\u0119te faktoringiem wierzytelno\u015bciowym 8 677-- 390-( 304)8 763   nieobj\u0119te faktoringiem wierzytelno\u015bciowym 19 7523 2173 97412 499(3 974)(10 384)25 084* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. od 01.01.2022  do 31.12.2022 od 01.01.2021  do 31.12.2021 Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 33 84729 803   przekazywane w okre\u015blonym momencie 32 22928 592   przekazywane w miar\u0119 up\u0142ywu czasu 1 6181 211od 01.01.2021 do 31.12.2021 Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych KGHM Polska Mied\u017a S.A. KGHM INTERNATIONAL LTD.Sierra Gorda S.C.M.*Pozosta\u0142e segmentyEliminacja danych segmentu Sierra Gorda S.C.M.KorektykonsolidacyjneDaneskonsolidowanePrzychody z um\u00f3w z klientami og\u00f3\u0142em 24 6183 1254 58510 329(4 585)(8 269)29 803Przychody z um\u00f3w sprzeda\u017cy, dla kt\u00f3rych cena jest ustalana po dniu uj\u0119cia sprzeda\u017cy w ksi\u0119gach (zasada M+) z tego: 19 8382 6904 3694 751(4 369)(4 648)22 631   rozliczone 18 9522 6211 8744 751(1 874)(4 648)21 676   nierozliczone  886 692 495-(2 495)- 955Przychody z tytu\u0142u realizacji kontrakt\u00f3w d\u0142ugoterminowych dotycz\u0105cych budowy kopal\u0144 - 403- 220-( 211) 412Przychody z pozosta\u0142ych um\u00f3w sprzeda\u017cy 4 780 32 2165 358( 216)(3 410)6 760Przychody z um\u00f3w z klientami og\u00f3\u0142em, z tego: 24 6183 1254 58510 329(4 585)(8 269)29 803   obj\u0119te faktoringiem wierzytelno\u015bciowym 8 575-- 106-( 46)8 635   nieobj\u0119te faktoringiem wierzytelno\u015bciowym 16 0433 1254 58510 223(4 585)(8 223)21 168* 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M. Nota 2.5 Przychody z um\u00f3w z klientami Grupy Kapita\u0142owej \u2013 podzia\u0142 geograficzny wed\u0142ug lokalizacji finalnych odbiorc\u00f3w od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021       Pozycje uzgadniaj\u0105ce  do danych skonsolidowanych Grupa Kapita\u0142owa KGHM Polska Mied\u017a S.A. KGHM Polska Mied\u017a S.A.  KGHM INTERNATIONAL LTD. Sierra Gorda S.C.M.* Pozosta\u0142e segmenty Eliminacja danych segmentu Sierra Gorda S.C.M. Korekty konsolidacyjne Dane skonsolidowane Polska 7 158  -   17  12 474  ( 17)  (10 646)  8 986 7 608 Niemcy 5 502  -  -   101  -  -  5 603 3 787 Chiny 2 147  1 595  1 701  -  (1 701)  -  3 742 4 158 W\u0142ochy 2 319  -  -   29  -  -  2 348 2 022 Czechy 2 250  -  -   19  -  -  2 269 1 828 Wielka Brytania 1 676  -  -   6  -  -  1 682 1 290 W\u0119gry 1 408  -  -   11  -  -  1 419 1 129 Stany Zjednoczone Ameryki  997   198   7   16  ( 7)  ( 1)  1 210 2 261 Francja  896  -  -   5  -  -   901  794 Kanada  50   855  -  -  -  ( 40)   865  527 Szwajcaria  790  -  -   7  -  -   797  590 Australia  787  -  -  -  -  -   787 1 020 Austria  542  -  -   28  -  -   570  457 Tajlandia  437  -  -   5  -  -   442  463 Chile  7   304  1 231   1  (1 231)  ( 1)   311  201 Turcja  282  -  -   15  -  -   297  130 Wietnam  231  -  -  -  -  -   231  336 S\u0142owacja  178  -  -   19  -  -   197  140 Filipiny -   173  -  -  -  -   173  91 Rumunia  138  -  -   4  -  -   142  258 S\u0142owenia  130  -  -   2  -  -   132  150 Meksyk -   92  -  -  -  -   92 - Malezja  72  -  -  -  -  -   72  47 Tajwan  69  -  -  -  -  -   69 - Korea Po\u0142udniowa  68  -   54  -  ( 54)  -   68  58 Belgia  51  -  -   16  -  -   67  29 Japonia  64  -   786  -  ( 786)  -   64  139 Bu\u0142garia  29  -  -   18  -  -   47  41 Szwecja -  -  -   31  -  -   31  56 Dania  27  -  -   1  -  -   28  44 Bo\u015bnia i Hercegowina  23  -  -   2  -  -   25 - Litwa  3  -  -   19  -  -   22  12 Estonia  14  -  -   3  -  -   17  20 Norwegia -  -  -   16  -  -   16  15 Holandia  7  -   127  -  ( 127)  -   7  4 Rosja -  -  -   6  -  -   6  26 Indie -  -   10  -  ( 10)  -  - - Brazylia -  -   38  -  ( 38)  -  -  8 Pozosta\u0142e kraje  77  -   3   35  ( 3)  -   112  64 RAZEM 28 429  3 217  3 974  12 889  (3 974)  (10 688)  33 847 29 803    * 55% udzia\u0142u Grupy Kapita\u0142owej w przychodach Sierra Gorda S.C.M.Nota 4.1 Koszty wed\u0142ug rodzaju od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 9.3 Amortyzacja \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych 2 398 2 254 Nota 11.1 Koszty \u015bwiadcze\u0144 pracowniczych    7 333 6 443 Zu\u017cycie materia\u0142\u00f3w i energii, w tym: 15 876 11 962 wsady obce  8 859 7 132 Us\u0142ugi obce 2 604 2 200 Nota 5.2 Podatek od wydobycia niekt\u00f3rych kopalin 3 046 3 548 Pozosta\u0142e podatki i op\u0142aty  786 661 Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych ( 3) ( 42) Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci zapas\u00f3w ( 55) ( 88) Koszty reklamy i wydatki reprezentacyjne  89 72 Ubezpieczenia maj\u0105tkowe i osobowe  80 76 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych  83 340 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci zapas\u00f3w  74 47 Pozosta\u0142e koszty  77 64 Razem koszty rodzajowe 32 388 27 537 Warto\u015b\u0107 sprzedanych towar\u00f3w i materia\u0142\u00f3w (+)  792 790 Zmiana stanu produkt\u00f3w, produkcji w toku  (+/-) (2 008) (1 544) Koszty wytworzenia produkt\u00f3w na w\u0142asne potrzeby  Grupy Kapita\u0142owej (-) * (1 669) (1 690) \u0141\u0105czne koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w, sprzeda\u017cy i og\u00f3lnego zarz\u0105du, z tego: 29 503 25 093 Koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w  27 541 23 529 Koszty sprzeda\u017cy   560 450 Koszty og\u00f3lnego zarz\u0105du  1 402 1 114                           *  Kwota  stanowi  g\u0142\u00f3wnie  koszt  wytworzenia  maj\u0105tku  trwa\u0142ego  w  Grupie  Kapita\u0142owej  \u2013  w  szczeg\u00f3lno\u015bci  koszty  usuwania  nak\u0142adu                                w kopalniach odkrywkowych . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "Zasady rachunkowo\u015bci W  przychodach  z  um\u00f3w  z  klientami  w  sprawozdaniu  z  wyniku  ujmowane  s\u0105  przychody  powstaj\u0105ce  ze  zwyk\u0142ej  dzia\u0142alno\u015bci operacyjnej Grupy, tj. przychody ze sprzeda\u017cy produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w. Grupa  generuje  przychody  g\u0142\u00f3wnie  ze  sprzeda\u017cy:  miedzi,  srebra  i  z\u0142ota.  Pozosta\u0142e  mniejsze  strumienie  przychod\u00f3w  pochodz\u0105 ze sprzeda\u017cy us\u0142ug (w tym dystrybucji energii elektrycznej i innych medi\u00f3w oraz us\u0142ug budowy kopal\u0144) oraz pozosta\u0142ych produkt\u00f3w (w tym energii elektrycznej), towar\u00f3w i materia\u0142\u00f3w (w tym stali i ropy naftowej i jej pochodnych). Grupa  ujmuje  przychody  z  um\u00f3w  z  klientami  w  momencie  spe\u0142nienia  przez  Grup\u0119  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, poprzez  przekazanie  przyrzeczonego  towaru  lub  us\u0142ugi  nabywcy,  gdzie  przekazanie  to  stanowi  jednocze\u015bnie  uzyskanie  przez nabywc\u0119  kontroli  nad  tym  sk\u0142adnikiem  aktyw\u00f3w,  tj.  zdolno\u015bci  do  bezpo\u015bredniego  rozporz\u0105dzania  przekazanym  sk\u0142adnikiem aktyw\u00f3w  i  uzyskiwania  z  niego  zasadniczo  wszystkich  pozosta\u0142ych  korzy\u015bci  oraz  zdolno\u015b\u0107  do  niedopuszczania  innych  jednostek do rozporz\u0105dzania sk\u0142adnikiem aktyw\u00f3w i uzyskiwania z niego korzy\u015bci. Poniewa\u017c w wi\u0119kszo\u015bci transakcji sprzeda\u017cy po dokonaniu wysy\u0142ki  przyrzeczonego  towaru  i  przekazaniu  nad  nim  kontroli  Grupa  ma  bezwarunkowe  prawo  do  otrzymania  wynagrodzenia od klienta, gdy\u017c jedynym  warunkiem jego  otrzymania jest up\u0142yw czasu, Grupa ujmuje nale\u017cne jej  wynagrodzenie  z  tytu\u0142u um\u00f3w z klientami jako nale\u017cno\u015b\u0107 i tym samym Grupa nie rozpoznaje aktyw\u00f3w z tytu\u0142u wykonania  umowy. Ponadto,  przychody  ze  sprzeda\u017cy us\u0142ug  Grupa  ujmuje  w  wyniku  finansowym w  miar\u0119  up\u0142ywu czasu,  je\u017celi  spe\u0142niony  jest  jeden z nast\u0119puj\u0105cych warunk\u00f3w: -  klient  jednocze\u015bnie otrzymuje i czerpie korzy\u015bci ekonomiczne p\u0142yn\u0105ce ze \u015bwiadczenia Grupy w miar\u0119  jak  wykonuje ona swoje zobowi\u0105zanie, lub -  w  wyniku  spe\u0142nienia  zobowi\u0105zania  przez  Grup\u0119  powstaje  lub  zostaje  ulepszony  sk\u0142adnik  aktyw\u00f3w  (np.  produkcja  w toku), a kontrol\u0119 nad tym sk\u0142adnikiem w miar\u0119 jego powstawania lub ulepszania, sprawuje klient, lub -  w wyniku spe\u0142nienia zobowi\u0105zania przez Grup\u0119 powstaje sk\u0142adnik aktyw\u00f3w, kt\u00f3ry nie ma alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty za dotychczas wykonane \u015bwiadczenie. Je\u017celi  Grupa  ujmuje  przych\u00f3d  na  podstawie  obmiar\u00f3w  zgodnie  z  przyj\u0119t\u0105  metod\u0105  pomiaru  stopnia  zaawansowania  wykonania \u015bwiadczenia,  zanim  zostanie  wystawiona  faktura,  ujmuje  nale\u017cne  wynagrodzenie  jako  aktywo  z  tytu\u0142u  umowy  i  przenosi  je  na nale\u017cno\u015bci kiedy prawo do wynagrodzenia staje si\u0119 bezwarunkowe. Jako  zobowi\u0105zanie  do  wykonania  \u015bwiadczenia  Grupa  rozpoznaje  ka\u017cde,  zawarte  w  umowie  przyrzeczenie  przekazania  klientowi towaru lub us\u0142ugi, kt\u00f3re mo\u017cna wyodr\u0119bni\u0107, lub grupy wyodr\u0119bnionych towar\u00f3w lub us\u0142ug, kt\u00f3re s\u0105 zasadniczo takie same i w taki sam spos\u00f3b przekazywane klientowi. Dla ka\u017cdego zobowi\u0105zania do wykonania \u015bwiadczenia, Grupa ustala (na podstawie warunk\u00f3w umownych), czy b\u0119dzie je realizowa\u0107 w miar\u0119 up\u0142ywu czasu lub czy spe\u0142ni je w okre\u015blonym momencie. W szczeg\u00f3lno\u015bci dla um\u00f3w na sprzeda\u017c miedzi, srebra i z\u0142ota ka\u017cda jednostka miary przekazanego towaru (np. 1 tona miedzi lub 1 kg srebra) stanowi odr\u0119bne zobowi\u0105zanie do wykonania \u015bwiadczenia. W zwi\u0105zku z tym, dla ka\u017cdej sprzeda\u017cy lub wysy\u0142ki produkt\u00f3w, obejmuj\u0105cej wielokrotno\u015b\u0107 jednostki  miary  przekazanego  produktu,  kt\u00f3ra  jest  realizowana  w  tym  samym  czasie,  Grupa  wype\u0142nia  swoje  zobowi\u0105zania  do wykonania \u015bwiadczenia oraz ujmuje przych\u00f3d, w tym samym momencie. W  kontraktach handlowych,  w  kt\u00f3rych wype\u0142nienie  zobowi\u0105zania  do  wykonania \u015bwiadczenia  zachodzi  w  okre\u015blonym  momencie czasu, Grupa stosuje r\u00f3\u017cne warunki p\u0142atno\u015bci obejmuj\u0105ce zar\u00f3wno przedp\u0142aty do kilku dni przed dostaw\u0105 jak i odroczone terminy p\u0142atno\u015bci do 120 dni, przy czym odroczone terminy p\u0142atno\u015bci nie dotycz\u0105 srebra. Terminy p\u0142atno\u015bci uzale\u017cnione s\u0105 od oceny ryzyka kredytowego odbiorcy oraz mo\u017cliwo\u015bci zabezpieczenia nale\u017cno\u015bci. P\u0142atno\u015b\u0107 wynagrodzenia staje si\u0119 wymagalna, w zale\u017cno\u015bci od warunk\u00f3w  umownych,  tj.  przed  zrealizowaniem  przez  Grup\u0119  dostawy  (przedp\u0142ata)  lub  po  wype\u0142nieniu  przez  Grup\u0119  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia.  Je\u017celi  Grupa  otrzymuje  wynagrodzenie  od  klienta  przed  wype\u0142nieniem  swojego zobowi\u0105zania  do  wykonania  \u015bwiadczenia,  ujmuje  je  jako  zobowi\u0105zanie  z  tytu\u0142u  umowy.  Natomiast  w  przypadku  odroczonych termin\u00f3w  p\u0142atno\u015bci,  Grupa  ujmuje  wymagalne  od  klienta  wynagrodzenie  jako  nale\u017cno\u015b\u0107,  dopiero  po  przekazaniu  klientowi przyrzeczonych produkt\u00f3w i wystawieniu faktury.    Przychody z um\u00f3w z klientami ujmuje si\u0119 w kwocie r\u00f3wnej cenie transakcyjnej, stanowi\u0105cej kwot\u0119 wynagrodzenia, kt\u00f3re \u2013 zgodnie z oczekiwaniem  Grupy  \u2013  b\u0119dzie  jej  przys\u0142ugiwa\u0107  w  zamian  za  przekazanie  przyrzeczonych  d\u00f3br  lub  us\u0142ug  na  rzecz  klienta, z wy\u0142\u0105czeniem kwot pobranych w imieniu os\u00f3b trzecich.  Cena  transakcyjna  odzwierciedla r\u00f3wnie\u017c  zmian\u0119 warto\u015bci  pieni\u0105dza  w  czasie,  je\u017celi  umowa  z klientem  zawiera istotny element finansowania, kt\u00f3ry okre\u015bla si\u0119 na podstawie umownych warunk\u00f3w p\u0142atno\u015bci, bez wzgl\u0119du na to czy zosta\u0142 on wyra\u017anie okre\u015blony w umowie. Oceniaj\u0105c, czy komponent  finansowania jest istotny dla  umowy, uwzgl\u0119dnia si\u0119 wszystkie fakty i okoliczno\u015bci,  w  tym ewentualn\u0105 r\u00f3\u017cnic\u0119 mi\u0119dzy kwot\u0105 przyrzeczonego wynagrodzenia a cen\u0105 sprzeda\u017cy got\u00f3wkowej przyrzeczonych towar\u00f3w i us\u0142ug oraz  \u0142\u0105czny  wp\u0142yw  obu  nast\u0119puj\u0105cych  czynnik\u00f3w:  (i)  przewidywany  okres  od  momentu,  w  kt\u00f3rym  jednostka  przekazuje przyrzeczone towary lub us\u0142ugi klientowi do momentu, w kt\u00f3rym klient p\u0142aci za te  towary lub us\u0142ugi, oraz (ii) stopy procentowe obowi\u0105zuj\u0105ce na danym rynku. W zrealizowanych umowach sprzeda\u017cy do klient\u00f3w w 2022 r. oraz 2021 r. Grupa zidentyfikowa\u0142a istotny komponent finansowania w kontrakcie z Franco Nevada (umowa opisana poni\u017cej w cz\u0119\u015bci Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy).  Grupa  przedstawia  skutki  finansowania  (koszty  z  tytu\u0142u  odsetek)  odr\u0119bnie  od  przychod\u00f3w  z  um\u00f3w  z  klientami w sprawozdaniu z ca\u0142kowitych dochod\u00f3w. W kontrakcie z Franco Nevada wyst\u0119puje r\u00f3wnie\u017c element zmienno\u015bci wynagrodzenia. W takiej  sytuacji  Grupa  rozpoznaje  przychody  oszacowuj\u0105c  kwot\u0119  wynagrodzenia,  do  kt\u00f3rego  b\u0119dzie  uprawniona  w  zamian za przekazane dobra na rzecz klienta i zalicza do ceny transakcyjnej cz\u0119\u015b\u0107 lub ca\u0142o\u015b\u0107 kwoty wynagrodzenia zmiennego wy\u0142\u0105cznie w takim  zakresie  w  jakim  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  odwr\u00f3cenie  znacz\u0105cej  cz\u0119\u015bci  wcze\u015bniej  uj\u0119tych skumulowanych przychod\u00f3w w momencie kiedy niepewno\u015b\u0107 co do wysoko\u015bci wynagrodzenia ustanie. W  przypadku  transakcji  sprzeda\u017cy  produkt\u00f3w  miedzi  i  srebra,  dla  kt\u00f3rych  cena  zostanie  ustalona  po  dniu  uj\u0119cia  sprzeda\u017cy w ksi\u0119gach  rachunkowych,  na  moment  pocz\u0105tkowego  uj\u0119cia  transakcji  dokonuje  si\u0119  korekty  przychod\u00f3w  ze  sprzeda\u017cy  z  tytu\u0142u r\u00f3\u017cnicy  pomi\u0119dzy  cen\u0105  terminow\u0105  metalu  wyra\u017con\u0105  w  USD  z  dnia  rozpoznania  sprzeda\u017cy  na  okres  odpowiadaj\u0105cy  okresowi rozliczenia  transakcji,  a  cen\u0105  wynikaj\u0105c\u0105  z faktury  prowizorycznej.  Korekta  ta  doprowadza  warto\u015b\u0107  transakcji  do  warto\u015bci oczekiwanej  jako  ceny  transakcyjnej  na  moment  pocz\u0105tkowego  uj\u0119cia.    Dotyczy  to  wy\u0142\u0105cznie  przypadk\u00f3w,  gdy  zmiana  ceny transakcyjnej wynika ze zmiany ceny metalu. Do tego typu zmiennych przychod\u00f3w nie ma zastosowania ograniczenie z MSSF 15 dotycz\u0105ce  ujmowania  zmiennego  wynagrodzenia  w kwocie,  co  do  kt\u00f3rej  jest  wysoce  prawdopodobne,  \u017ce  nie  nast\u0105pi  jej odwr\u00f3cenie. Zmiany zarachowanej kwoty po momencie uj\u0119cia nie wp\u0142ywaj\u0105 na przychody ze sprzeda\u017cy lecz stanowi\u0105 zyski/straty z wyceny do warto\u015bci godziwej nale\u017cno\u015bci, zgodnie z zasadami rachunkowo\u015bci przedstawionymi w Nocie 10.2. Przychody  ze  sprzeda\u017cy  korygowane  s\u0105  o  wynik  z  rozliczenia  instrument\u00f3w  pochodnych  zabezpieczaj\u0105cych  przysz\u0142e  przep\u0142ywy pieni\u0119\u017cne, zgodnie z og\u00f3ln\u0105 zasad\u0105, \u017ce rozliczenie pochodnego instrumentu zabezpieczaj\u0105cego w cz\u0119\u015bci stanowi\u0105cej zabezpieczenie efektywne ujmuje si\u0119 w tej samej pozycji wyniku finansowego, w kt\u00f3rej ujmowana jest wycena pozycji zabezpieczanej w momencie, kiedy pozycja zabezpieczana wp\u0142ywa na wynik finansowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Grupa  ujmuje  przychody  ze  sprzeda\u017cy  produkt\u00f3w,  towar\u00f3w  i  materia\u0142\u00f3w  w  wyniku  finansowym  jednorazowo,  w momencie spe\u0142nienia zobowi\u0105zania do wykonania \u015bwiadczenia, w szczeg\u00f3lno\u015bci okre\u015blanym  w oparciu o formu\u0142y baz  dostawy  INCOTERMS. W wi\u0119kszo\u015bci kontrakt\u00f3w, moment przeniesienia kontroli na klienta nast\u0119puje po dostarczeniu d\u00f3br do klienta, przez co rozumie si\u0119 r\u00f3wnie\u017c dostarczenie d\u00f3br przewo\u017anikowi lub podstawienie ich klientowi na wyznaczony zak\u0142ad (bazy DAP, FCA i EX WORKS). W pozosta\u0142ych  kontraktach  przeniesienie  kontroli  nad  dobrami  na  klienta  nast\u0119puje  w  momencie  przekazania  przewo\u017anikowi morskiemu na pok\u0142ad statku (bazy CFR, CIF, CPT oraz CIP). W tych kontraktach Grupa jest zobowi\u0105zana r\u00f3wnie\u017c do zorganizowania  transportu. W takich przypadkach Grupa dzia\u0142a jako zleceniodawca, poniewa\u017c sprawuje kontrol\u0119 nad wykonaniem us\u0142ugi przed jej przekazaniem do klienta. Jednocze\u015bnie Grupa przypisuje cz\u0119\u015b\u0107 ceny transakcyjnej do us\u0142ugi transportu i ujmuje przych\u00f3d z tego tytu\u0142u w miar\u0119 up\u0142ywu czasu. Grupa  rozpoznaje  przychody  w  miar\u0119  up\u0142ywu  czasu  z  tytu\u0142u  realizowanych  us\u0142ug  budowy  kopal\u0144  i  prowadzenia  innych  rob\u00f3t geologicznych.  Grupa  spe\u0142nia  zobowi\u0105zania  w  czasie,  poniewa\u017c  klient  jednocze\u015bnie  otrzymuje  i  czerpie  korzy\u015bci  ekonomiczne wynikaj\u0105ce  ze  \u015bwiadczonej  us\u0142ugi  w  miar\u0119  jej  wykonywania  lub  ze  wzgl\u0119du  na  wytwarzanie  sk\u0142adnik\u00f3w,  kt\u00f3re  nie  maj\u0105 alternatywnego zastosowania dla Grupy i jednocze\u015bnie Grupie przys\u0142uguje egzekwowalne prawo do zap\u0142aty. Do pomiaru stopnia zaawansowania wykonania \u015bwiadczenia Grupa stosuje  metod\u0119 opart\u0105 na  nak\u0142adach  poniesionych  przy  spe\u0142nianiu zobowi\u0105zania do wykonania \u015bwiadczenia na  bazie  poniesionych koszt\u00f3w oraz do innych kontrakt\u00f3w metod\u0119 opart\u0105 na wynikach, gdzie z g\u00f3ry okre\u015blona cena jednostkowa jest stosowana do wyceny jednostki produkcji (np. do wyceny metr\u00f3w wydr\u0105\u017conego chodnika). Kontrakt z Franco Nevada Zobowi\u0105zanie do wykonania \u015bwiadczenia Grupa realizuje umow\u0119 typu streaming arrangement, stanowi\u0105c\u0105 dost\u0119pne na rynku \u017ar\u00f3d\u0142o finansowania jednostek dzia\u0142aj\u0105cych w bran\u017cy wydobywczej. Umowa  dotyczy  sprzeda\u017cy  po\u0142owy  produkcji  z\u0142ota,  platyny  oraz  palladu  zawartych  w  rudzie  wydobytej  w  okresie  \u017cycia nast\u0119puj\u0105cych kopal\u0144:  Morr ison, McCreedy  West oraz  Podolsky wchodz\u0105cych  w  sk\u0142ad  OWSP  Sudbury. Na  podstawie warunk\u00f3w  umowy  Quadra  FNX  Mining  Ltd.  otrzyma\u0142a  przedp\u0142at\u0119  w wysoko\u015bci  400  mln  CAD.  Jednocze\u015bnie,  cena  sprzeda\u017cy  za  uncj\u0119 ekwiwalentu z\u0142ota, zgodnie z umow\u0105, stanowi mniejsza z kwot: (a) 400 USD, powi\u0119kszone o 1% ka\u017cdego roku pocz\u0105wszy od 2011 r., b\u0105d\u017a (b) cena rynkowa z\u0142ota. Otrzymana przedp\u0142ata pokrywa r\u00f3\u017cnic\u0119 pomi\u0119dzy warto\u015bci\u0105 rynkow\u0105 sprzedanej rudy, a jej warto\u015bci\u0105 w sta\u0142ej cenie sprzeda\u017cy. Grupa uj\u0119\u0142a zobowi\u0105zanie z tytu\u0142u umowy w kwocie zaliczki z tytu\u0142u zobowi\u0105zania jednostki do wykonania \u015bwiadczenia w postaci przekazania lub gotowo\u015bci do przekazania d\u00f3br lub us\u0142ug w przysz\u0142o\u015bci. Grupa zaprzestaje ujmowania tego zobowi\u0105zania  z  tytu\u0142u  umowy  i  ujmuje  przych\u00f3d  w  momencie, gdy  przenosi  owe  dobra  lub  us\u0142ugi  na  klienta,  spe\u0142niaj\u0105c  w  ten spos\u00f3b swoje zobowi\u0105zanie do wykonania \u015bwiadczenia. Wynagrodzenie zmienne W umowie z Franco Nevada \u0142\u0105czna cena transakcyjna jest zmienna i zale\u017cy od ilo\u015bci sprzedanych surowc\u00f3w, a ta z kolei zale\u017cy od wydobycia  rudy  w  przysz\u0142o\u015bci  przez  okres  \u017cycia  kopalni  (w  tym  np.  od  wielko\u015bci  z\u0142\u00f3\u017c).  A  zatem,  je\u017celi  w  kolejnych  okresach sprawozdawczych  Grupa  dokona  zmiany  os\u0105du  w  zakresie  planowanego  wydobycia rudy,  a  w  konsekwencji  ilo\u015bci  sprzedanych surowc\u00f3w \u2013 dokona tak\u017ce aktualizacji ceny transakcyjnej. Kwoty  przypisane  do  spe\u0142nionych  zobowi\u0105za\u0144  do  wykonania  \u015bwiadczenia  Grupa  ujmuje  jako  przychody  lub  jako  zmniejszenie przychod\u00f3w w okresie, w kt\u00f3rym cena transakcyjna uleg\u0142a zmianie. Istotny element finansowania W kontek\u015bcie umowy z Franco Nevada, maj\u0105c na uwadze przewidywany okres od momentu, w kt\u00f3rym otrzymano przedp\u0142at\u0119 do momentu,  w  kt\u00f3rym  Grupa  przekazuje  przyrzeczone  dobra  (okres  \u017cycia  kopalni,  tj.  kilkadziesi\u0105t  lat)  oraz  charakter  tej  umowy uznano,  \u017ce  rozk\u0142ad  w  czasie  p\u0142atno\u015bci  daje  Grupie  korzy\u015bci  z  tytu\u0142u  finansowania  dostawy  surowc\u00f3w  przez  kupuj\u0105cego  (Franco Nevada), co skutkuje tym, \u017ce umowa zawiera istotny element finansowania. Grupa przedstawia skutki finansowania (koszty z tytu\u0142u odsetek) oddzielnie od przychod\u00f3w z um\u00f3w z klientami w sprawozdaniu z wyniku.  Koszty  z  tytu\u0142u  odsetek  ujmowane  s\u0105  tylko  w  takim  zakresie,  w  jakim  wcze\u015bniej  uj\u0119to  zobowi\u0105zanie  z  tytu\u0142u  umowy z Franco Nevada. Ustalenie ceny transakcyjnej przypisanej do pozosta\u0142ych zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 W  sytuacji,  kiedy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  Grupa  posiada  pozosta\u0142e  zobowi\u0105zania  do  wykonania  \u015bwiadczenia, wymagane  jest  ujawnienie  ceny  transakcyjnej  przypisanej  do  tych  zobowi\u0105za\u0144  (MSSF  15.120-122).  Grupa  stosuje  rozwi\u0105zanie praktyczne i nie ujawnia zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144 stanowi\u0105cych cz\u0119\u015b\u0107 um\u00f3w, kt\u00f3rych przewidywany pierwotny okres obowi\u0105zywania wynosi jeden rok lub kr\u00f3cej. Grupa posiada r\u00f3wnie\u017c kontrakty d\u0142ugoterminowe, w kt\u00f3rych cena jest oparta g\u0142\u00f3wnie na wynagrodzeniu zmiennym, kt\u00f3rego Grupa nie uwzgl\u0119dnia w szacunku ceny transakcyjnej. Ponadto, Grupa (przez sp\u00f3\u0142k\u0119 DMC) realizuje kontrakty d\u0142ugoterminowe na budow\u0119 kopal\u0144, w kt\u00f3rych do ujmowania przychod\u00f3w wykorzystuje  metod\u0119  opart\u0105  na  nak\u0142adach  spe\u0142niaj\u0105c\u0105  kryteria  dla  ujmowania  przychodu  w  kwocie,  kt\u00f3r\u0105  Grupa  ma  prawo zafakturowa\u0107. \u0141\u0105czna kwota ceny transakcyjnej przypisanej do zobowi\u0105za\u0144 do wykonania \u015bwiadcze\u0144, kt\u00f3re pozosta\u0142y niespe\u0142nione na koniec okresu sprawozdawczego wynios\u0142a 899 mln PLN, z czego kwota 559 mln PLN zostanie zrealizowana w roku 2023, kwota 149 mln PLN zostanie zrealizowana w 2024 r., a kwota 191 mln PLN zostanie zrealizowana w 2025 r. lub p\u00f3\u017aniej. W tych kontraktach nie wyst\u0119puje zmienny element wynagrodzenia. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-418": {
   "value": "Cz\u0119\u015b\u0107 3 - Utrata warto\u015bci aktyw\u00f3w   Nota 3.1 Utrata warto\u015bci aktyw\u00f3w na dzie\u0144 31 grudnia 2022 r. Zgodnie  z  MSR  36  na  dzie\u0144  31  grudnia  2022  r.  Grupa  dokona\u0142a  oceny  istnienia  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107 utraty warto\u015bci jej aktyw\u00f3w. Analiz\u0105 zosta\u0142y obj\u0119te kluczowe sk\u0142adniki maj\u0105tku trwa\u0142ego Grupy. W wyniku przeprowadzonej ewaluacji nie  stwierdzono  istnienia  przes\u0142anek wskazuj\u0105cych na mo\u017cliwo\u015b\u0107 utraty warto\u015bci tych  aktyw\u00f3w. Ze  wzgl\u0119du  na utrzymuj\u0105c\u0105  si\u0119  w  znacznej  cz\u0119\u015bci  roku  2022  rynkow\u0105  kapitalizacj\u0119  Jednostki  Dominuj\u0105cej  poni\u017cej  jej  aktyw\u00f3w  netto, g\u0142\u0119bszej analizie poddano w\u0142a\u015bnie ten obszar. Ocena ryzyka utraty warto\u015bci aktyw\u00f3w w kontek\u015bcie kapitalizacji gie\u0142dowej KGHM Polska Mied\u017a S.A. W roku 2022 na rynkach akcji mo\u017cna by\u0142o zaobserwowa\u0107 og\u00f3lne pogorszenie nastroj\u00f3w ze wzgl\u0119du na istniej\u0105c\u0105 du\u017c\u0105 niepewno\u015b\u0107 co do rozwoju globalnej sytuacji makroekonomicznej w reakcji na rozpocz\u0119ty konflikt zbrojny na Ukrainie oraz wci\u0105\u017c odczuwalne konsekwencje pandemii COVID-19 (koronawirus). W rezultacie mocno ucierpia\u0142y mi\u0119dzy innymi indeksy gie\u0142dowe. Kurs akcji KGHM Polska Mied\u017a S.A. w roku 2022 spad\u0142 o 9% w stosunku do ceny akcji z ko\u0144ca roku 2021 i na dzie\u0144 31 grudnia 2022 r. wyni\u00f3s\u0142 126,75 PLN. W tym samym okresie indeksy WIG i WIG 20 spad\u0142y odpowiednio o  17%  i  21%.  W  efekcie  kapitalizacja  gie\u0142dowa  Jednostki  Dominuj\u0105cej  spad\u0142a  z  27  880  mln  PLN  do  25  350  mln  PLN, co oznacza \u017ce  na dzie\u0144  31  grudnia 2022 r.  utrzymywa\u0142a si\u0119  na poziomie 15%  poni\u017cej poziomu aktyw\u00f3w netto  Sp\u00f3\u0142ki. Na dzie\u0144 15 marca 2023 r. kurs akcji Jednostki Dominuj\u0105cej wyni\u00f3s\u0142 113,30 PLN, w zwi\u0105zku z tym kapitalizacja gie\u0142dowa wynios\u0142a 22 660 mln PLN i utrzymywa\u0142a si\u0119 poni\u017cej poziomu aktyw\u00f3w netto Jednostki Dominuj\u0105cej o 24%. W  zwi\u0105zku  z  utrzymywaniem  si\u0119  w  znacznej  cz\u0119\u015bci  okresu  sprawozdawczym  kapitalizacji  gie\u0142dowej  Sp\u00f3\u0142ki  poni\u017cej warto\u015bci bilansowej aktyw\u00f3w netto, zgodnie z MSR 36 Utrata warto\u015bci aktyw\u00f3w, Zarz\u0105d KGHM Polska Mied\u017a S.A. dokona\u0142 analizy,  czy kt\u00f3rykolwiek obszar dzia\u0142alno\u015bci KGHM Polska Mied\u017a S.A. m\u00f3g\u0142by by\u0107 dotkni\u0119ty utrat\u0105 warto\u015bci. Analiza  w  obszarze  krajowych  aktyw\u00f3w  wykaza\u0142a,  i\u017c  nie  wszystkie  czynniki,  kt\u00f3re  maj\u0105  wp\u0142yw  na  poziom  kapitalizacji gie\u0142dowej KGHM Polska Mied\u017a S.A. to czynniki zwi\u0105zane z prowadzon\u0105 dzia\u0142alno\u015bci\u0105 gospodarcz\u0105. Spadki  notowa\u0144  cen  akcji  na  gie\u0142dach  dotyczy\u0142y  sp\u00f3\u0142ek  z  wi\u0119kszo\u015bci  bran\u017c,  z  r\u00f3\u017cnych  gospodarek  i  odzwierciedla\u0142y niepewno\u015b\u0107 inwestor\u00f3w co do przysz\u0142o\u015bci. W szczeg\u00f3lno\u015bci, konflikt zbrojny w Ukrainie spowodowa\u0142 odp\u0142yw inwestor\u00f3w zagranicznych z obszar\u00f3w granicz\u0105cych ze stref\u0105 wojny, co wida\u0107 nie tylko po sytuacji na gie\u0142dzie w Warszawie, ale i na gie\u0142dach z regionu Czech, S\u0142owacji, czy W\u0119gier oraz istotnie wp\u0142yn\u0105\u0142 na os\u0142abienie si\u0119 PLN w stosunku do USD. Z punktu widzenia dzia\u0142alno\u015bci Sp\u00f3\u0142ki, kluczowym czynnikiem wp\u0142ywaj\u0105cym na poziom kapitalizacji gie\u0142dowej jest cena miedzi. W grudniu 2021 r. \u015brednia cena miedzi wynosi\u0142a 9 550 USD/t, kt\u00f3ra po  pocz\u0105tkowej kontynuacji wzrostowego trendu w pierwszych miesi\u0105cach 2022 r.,  zanotowa\u0142a  istotny spadek. Minimum zosta\u0142o osi\u0105gni\u0119te w lipcu 2022 r., gdy \u015brednia  cena  miedzi  kszta\u0142towa\u0142a  si\u0119  na  poziomie  7 530  USD/t.  Jednak  z  czasem,  w  miar\u0119  nap\u0142ywu  uspokajaj\u0105cych informacji w odniesieniu do  popytu na surowiec, notowania powr\u00f3ci\u0142y do trendu z  pocz\u0105tku roku  i w grudniu  2022  r. \u015brednia cena miedzi wynosi\u0142a 8 367 USD/t. Kursy gie\u0142dowe sp\u00f3\u0142ek zajmuj\u0105cych si\u0119 wydobyciem i przetw\u00f3rstwem miedzi s\u0105 silnie skorelowane z cen\u0105 tego metalu. Nale\u017cy zwr\u00f3ci\u0107 uwag\u0119, \u017ce w przypadku aktyw\u00f3w polskich istotne znaczenie ma cena metali w PLN, na kt\u00f3r\u0105 ma r\u00f3wnie\u017c wp\u0142yw kurs USD/PLN. Wahania cen miedzi zwi\u0105zane z zawirowaniami na rynkach finansowych, spowodowane cz\u0119sto nie tyle  w  sferze  makroekonomii  ale  szeroko  rozumianej  geopolityki,  s\u0105  zwykle  w  du\u017cym  stopniu  niwelowane  zmianami kursu USD/PLN, kt\u00f3ry dodatkowo pozostaje pod wp\u0142ywem konfliktu zbrojnego w Ukrainie. Pomimo  wyst\u0119puj\u0105cej  niepewno\u015bci  w  otoczeniu  gospodarczym,  KGHM  Polska  Mied\u017a  S.A.  utrzymuje  pe\u0142ne  zdolno\u015bci operacyjne  i  konsekwentnie  realizuje  zak\u0142adane  zadania  produkcyjne  i  sprzeda\u017cowe.  Osi\u0105gane  przez  Sp\u00f3\u0142k\u0119  wyniki finansowe istotnie przekraczaj\u0105 za\u0142o\u017cenia bud\u017cetowe, co jest r\u00f3wnie\u017c efektem prowadzonych inicjatyw optymalizuj\u0105cych oraz dyscypliny kosztowej zastosowanej w odpowiedzi na warunki makroekonomiczne. W  wyniku  przeprowadzonej  oceny  stwierdzono  brak  zwi\u0105zku  spadku  kursu  akcji  KGHM  Polska  Mied\u017a  S.A.  zar\u00f3wno z  krajow\u0105  jak  i  zagraniczn\u0105  dzia\u0142alno\u015bci\u0105  KGHM  Polska  Mied\u017a  S.A.  Sp\u00f3\u0142ka  realizuje  zak\u0142adane  zadania  produkcyjne i  sprzeda\u017cowe  zar\u00f3wno  na  terenie  Polski  i  za  granic\u0105.  W  konsekwencji  nie  stwierdzono  wyst\u0105pienia  przes\u0142anek wskazuj\u0105cych  na  ryzyko  utraty  warto\u015bci  krajowych  i  zagranicznych  aktyw\u00f3w  produkcyjnych,  w  zwi\u0105zku  z  czym  nie przeprowadzono test\u00f3w na utrat\u0119 warto\u015bci dla tych aktyw\u00f3w na dzie\u0144 31 grudnia 2022 r.  Ze wzgl\u0119du  na niepewno\u015b\u0107  i  du\u017c\u0105 zmienno\u015b\u0107 podstawowych parametr\u00f3w ekonomicznych, w  tym cen metali  i kurs\u00f3w walut  oraz  dynamicznie  zmieniaj\u0105c\u0105  si\u0119  sytuacj\u0119  pandemiczn\u0105  na  \u015bwiecie,  oraz  jej  wp\u0142ywu  na  sytuacj\u0119  gospodarcz\u0105, Sp\u00f3\u0142ka na bie\u017c\u0105co monitoruje globaln\u0105 sytuacj\u0119. TEST NA UTRAT\u0118 WARTO\u015aCI AKTYW\u00d3W TRWA\u0141YCH SP\u00d3\u0141EK UZDROWISKOWYCH \u2013 Segment \u2013 Pozosta\u0142e segmenty Na  dzie\u0144  30 czerwca  2022  r. zidentyfikowane  zosta\u0142y nowe obszary  ryzyka  dla realizowania  prognozowanych wynik\u00f3w finansowych sp\u00f3\u0142ek Grupy Kapita\u0142owej \u015bwiadcz\u0105cych us\u0142ugi uzdrowiskowe (OWSP): Uzdrowiska K\u0142odzkie S.A. - Grupa PGU, Uzdrowisko  Po\u0142czyn  Grupa  PGU  S.A., Uzdrowisko  Cieplice  Sp.  z  o.o.  -  Grupa  PGU, Uzdrowisko  \u015awierad\u00f3w -  Czerniawa Sp. z o.o. \u2013 Grupa PGU. Obok wzrostu cen energii elektrycznej, no\u015bnik\u00f3w energetycznych, \u017cywno\u015bci oraz innych czynnik\u00f3w kosztowych, wynikaj\u0105cego z presji inflacyjnej, pojawia si\u0119 r\u00f3wnie\u017c ryzyko braku efektywnej mo\u017cliwo\u015bci prze\u0142o\u017cenia tych wzrost\u00f3w na ceny dla odbiorc\u00f3w ko\u0144cowych oraz/lub wp\u0142yw tych wzrost\u00f3w na popyt na oferowane us\u0142ugi.  Na  potrzeby  oszacowania  warto\u015bci  odzyskiwalnej,  w  przeprowadzonym  te\u015bcie  dokonano  wyceny  warto\u015bci  u\u017cytkowej o\u015brodk\u00f3w wypracowuj\u0105cych \u015brodki pieni\u0119\u017cne obejmuj\u0105cych rzeczowe aktywa trwa\u0142e oraz warto\u015bci niematerialne ka\u017cdej z ww.  sp\u00f3\u0142ek  uzdrowiskowych,  wykorzystuj\u0105c  podej\u015bcie  dochodowe  tj.  metod\u0119  zdyskontowanych  przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Warto\u015b\u0107  odzyskiwalna  OWSP  oszacowana  jak  powy\u017cej,  znalaz\u0142a  potwierdzenie  w  warto\u015bci  godziwej  stanowi\u0105cej  cen\u0119 transakcyjn\u0105 zbycia testowanych aktyw\u00f3w pomi\u0119dzy podmiotami Grupy Kapita\u0142owej, w ramach realizowanego w Grupie projektu reorganizacji (szczeg\u00f3\u0142y dotycz\u0105ce zmiany w strukturze organizacyjnej Grupy opisano w Nocie 12.11 Sk\u0142ad Grupy Kapita\u0142owej).  Podstawowe za\u0142o\u017cenia przyj\u0119te w testach na utrat\u0119 warto\u015bci Za\u0142o\u017cenie Uzdrowiska K\u0142odzkie S.A. - Grupa PGU Uzdrowisko Po\u0142czyn Grupa PGU S.A Uzdrowisko Cieplice Sp. z o.o. - Grupa PGU Uzdrowisko \u015awierad\u00f3w - Czerniawa  Sp. z o.o. \u2013 Grupa PGU Okres szczeg\u00f3\u0142owej prognozy * 2 po\u0142. 2022 r.-  1 po\u0142. 2028 r. 2 po\u0142. 2022 r.-  1 po\u0142. 2028 r. 2 po\u0142. 2022 r.-  1 po\u0142. 2028 r. 2 po\u0142. 2022 r.-  1 po\u0142. 2028 r. \u015arednia mar\u017ca EBITDA  w okresie szczeg\u00f3\u0142owej prognozy  12%  13%  12%  13% Mar\u017ca EBITDA w okresie rezydualnym 15%  14%  14%  16% Poziom nak\u0142ad\u00f3w inwestycyjnych w okresie szczeg\u00f3\u0142owej prognozy  58 mln PLN  12 mln PLN  12 mln PLN  9 mln PLN \u015arednia nominalna stopa dyskontowa w okresie szczeg\u00f3\u0142owej prognozy** 11,4%  11,3%  11,4%  11,5% Stopa dyskontowa nominalna w okresie rezydualnym** 11,4%  11,7%  11,5%  11,8% Stopa nominalna wzrostu po okresie szczeg\u00f3\u0142owej prognozy 2,0%  2,0%  2,0%  2,0% * Przyj\u0119to  6-letni  okres prognozy szczeg\u00f3\u0142owej,  zamiast 5-letniego, zgodnie z podej\u015bciem stosowanym przez  fundusz KGHM VII FIZAN przy wycenie lokat portfelowych, w celu zachowania r\u00f3wnie\u017c por\u00f3wnywalno\u015bci w czasie (metodyka stosowana w poprzednich okresach) **Prezentowane dane s\u0105 po opodatkowaniu pomimo modelu wyceny warto\u015bci u\u017cytkowej. Zastosowanie danych przed opodatkowaniem nie wp\u0142ywa istotnie na warto\u015b\u0107 odzyskiwaln\u0105. Wyniki przeprowadzonych test\u00f3w przedstawia poni\u017csza tabela: OWSP  Warto\u015b\u0107 bilansowa Warto\u015b\u0107 odzyskiwalna Odpis z tytu\u0142u utraty warto\u015bci Uzdrowiska K\u0142odzkie S.A. - Grupa PGU  114 102 12 Uzdrowisko Po\u0142czyn Grupa PGU S.A.  81 55 26 Uzdrowisko Cieplice  Sp. z o.o. - Grupa PGU 34 28 6 Uzdrowisko \u015awierad\u00f3w - Czerniawa  Sp. z o.o. \u2013 Grupa PGU 38 36 2 W  wyniku  przeprowadzonych  test\u00f3w  dokonano  odpisu  z  tytu\u0142u  utraty  warto\u015bci  dla  aktyw\u00f3w  trwa\u0142ych  w  \u0142\u0105cznej  kwocie 46 mln PLN \u2013 poprzez por\u00f3wnanie warto\u015bci bilansowej z warto\u015bci\u0105 odzyskiwaln\u0105.  Utworzony  odpis  uj\u0119to  w  pozycjach:  \u201eKoszty  sprzedanych  produkt\u00f3w,  towar\u00f3w  i  materia\u0142\u00f3w\u201d  w  kwocie  45  mln  PLN i \u201ePozosta\u0142e koszty operacyjne\u201d w kwocie 1 mln PLN. Warto\u015b\u0107 odzyskiwalna poszczeg\u00f3lnych OWSP wykazuje znaczn\u0105 wra\u017cliwo\u015b\u0107 na zmian\u0119 przyj\u0119tego poziomu stopy dyskonta, \u015bredniej mar\u017cy EBITDA oraz stopy wzrostu po okresie prognozy. Nale\u017cy ponadto wskaza\u0107, \u017ce wra\u017cliwo\u015b\u0107 na zmian\u0119 poziomu przychod\u00f3w jest odzwierciedlona we wra\u017cliwo\u015bci na zmian\u0119 mar\u017cy EBITDA.     Warto\u015b\u0107 odzyskiwalna \u015arednia mar\u017ca EBITDA w okresie prognozy  ni\u017cej o 2 pkt %  wg testu  wy\u017cej o 2 pkt % Uzdrowiska K\u0142odzkie S.A. - Grupa PGU  60  102  144 Uzdrowisko Po\u0142czyn Grupa PGU S.A  43  55  69 Uzdrowisko Cieplice Sp. z o.o. - Grupa PGU  20  28  35 Uzdrowisko \u015awierad\u00f3w - Czerniawa Sp. z o.o. \u2013 Grupa PGU 27  36  45 \u015arednia stopa dyskontowa w okresie prognozy ni\u017cej o 1 pkt %  wg testu  wy\u017cej o 1 pkt % Uzdrowiska K\u0142odzkie S.A. - Grupa PGU  119  102  88 Uzdrowisko Po\u0142czyn Grupa PGU S.A  63  55  50 Uzdrowisko Cieplice Sp. z o.o. - Grupa PGU  32  28  24 Uzdrowisko \u015awierad\u00f3w - Czerniawa Sp. z o.o. \u2013 Grupa PGU 41  36  32 Stopa wzrostu po okresie prognozy  ni\u017cej o 1 pkt %  wg testu  wy\u017cej o 1 pkt % Uzdrowiska K\u0142odzkie S.A. - Grupa PGU  92  102  113 Uzdrowisko Po\u0142czyn Grupa PGU S.A  52  55  60 Uzdrowisko Cieplice Sp. z o.o. - Grupa PGU  25  28  30 Uzdrowisko \u015awierad\u00f3w - Czerniawa Sp. z o.o. \u2013 Grupa PGU 33  36  39 Dla potrzeb monitorowania ryzyka dalszej utraty warto\u015bci aktyw\u00f3w operacyjnych w kolejnych okresach sprawozdawczych, jak r\u00f3wnie\u017c  na potrzeby  monitoringu mo\u017cliwo\u015bci dokonania odwr\u00f3cenia odpisu  aktualizuj\u0105cego  stwierdzono,  \u017ce warto\u015b\u0107 odzyskiwalna  osi\u0105gn\u0119\u0142aby  warto\u015b\u0107  r\u00f3wn\u0105  warto\u015bci  bilansowej  poszczeg\u00f3lnych  sp\u00f3\u0142ek  w sytuacji,  gdy  nominalna  stopa dyskonta kszta\u0142towa\u0142aby si\u0119 jak ni\u017cej:  Uzdrowiska K\u0142odzkie S.A. - Grupa PGU 10,54% Uzdrowisko Po\u0142czyn Grupa PGU S.A 8,50% Uzdrowisko Cieplice  Sp. z o.o. - Grupa PGU 10,00% Uzdrowisko \u015awierad\u00f3w - Czerniawa Sp. z o.o. \u2013 Grupa PGU 10,75% OCENA UTRATY WARTO\u015aCI PRAW DO WODY  W Grupie Kapita\u0142owej corocznie testowane pod k\u0105tem utraty warto\u015bci s\u0105 prawa do wody z posiadanych \u017ar\u00f3de\u0142 w Chile poprzez  por\u00f3wnanie  ich  warto\u015bci  bilansowej  do  warto\u015bci  odzyskiwalnej,  kt\u00f3ra  jest  ustalana  na  podstawie  warto\u015bci godziwej pomniejszonej o koszty zbycia. Warto\u015b\u0107 godziwa uprawnie\u0144 do wody jest klasyfikowana jako pozycja poziomu 2 hierarchii  warto\u015bci  godziwej,  w  kt\u00f3rej  pomiary  warto\u015bci  godziwej  s\u0105  oparte  na  istotnych  obserwowalnych  danych wej\u015bciowych innych ni\u017c notowane ceny rynkowe. Za rok zako\u0144czony 31 grudnia 2022 r. Grupa dokona\u0142a oceny czynnik\u00f3w wp\u0142ywaj\u0105cych na warto\u015b\u0107 odzyskiwaln\u0105 aktywa i uzna\u0142a, \u017ce nie ma podstaw do uj\u0119cia utraty warto\u015bci, poniewa\u017c zar\u00f3wno cena wody jak i oszacowana ilo\u015b\u0107 wody mo\u017cliwej do wydobycia nie zmieni\u0142y si\u0119 w stosunku do poziom\u00f3w tych czynnik\u00f3w  przyj\u0119tych do wyceny na dzie\u0144 31 grudnia 2021 r. Warto\u015b\u0107 bilansowa praw do wody wynios\u0142a na dzie\u0144 31 grudnia 2022 r. 73 mln PLN (na dzie\u0144 31.12.2021 r. 67 mln PLN).  Pozosta\u0142e odpisy z tytu\u0142u utraty warto\u015bci aktyw\u00f3w Pozosta\u0142e odpisy z tytu\u0142u utraty warto\u015bci aktyw\u00f3w dotycz\u0105: \u2022  \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych 38 mln PLN (w tym 36 mln PLN dotyczy segmentu KGHM INTERNATIONAL LTD.), \u2022  \u015brodk\u00f3w  trwa\u0142ych  w  budowie  i  pozosta\u0142ych  warto\u015bci  niematerialnych  nieoddanych  do  u\u017cytkowania 63 mln PLN  (w  tym  55  mln PLN  dotyczy segmentu  KGHM  INTERNATIONAL  LTD,  projekty pod  MSSF6, kt\u00f3re  zosta\u0142y  w  ca\u0142o\u015bci  odpisane  z uwagi  na  zako\u0144czenie  wierce\u0144  ze  wzgl\u0119du  na  brak  potwierdzenia ekonomicznej op\u0142acalno\u015bci badanych z\u0142\u00f3\u017c), \u2022  aktualizacji warto\u015bci zapas\u00f3w 74 mln PLN, \u2022  aktualizacji warto\u015bci nale\u017cno\u015bci 9 mln PLN. Informacj\u0119  dotycz\u0105c\u0105  miejsca  rozpoznania  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  w  skonsolidowanym  sprawozdaniu  z wyniku prezentuje Nota 4.4. Nota 3.2 Utrata warto\u015bci aktyw\u00f3w na dzie\u0144 31 grudnia 2021 r. TEST NA UTRAT\u0118 WARTO\u015aCI AKTYW\u00d3W GRUPY KGHM INTERNATIONAL LTD. \u2013 Segment KGHM INTERNATIONAL LTD. Na  dzie\u0144  30  czerwca  2021  r.  w  zwi\u0105zku  z  wyst\u0105pieniem  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107  zmiany  warto\u015bci odzyskiwalnej cz\u0119\u015bci zagranicznych aktyw\u00f3w g\u00f3rniczych wchodz\u0105cych w sk\u0142ad Grupy KGHM INTERNATIONAL LTD., Zarz\u0105d Jednostki  Dominuj\u0105cej  przeprowadzi\u0142  testy  na  utrat\u0119  warto\u015bci  tych  aktyw\u00f3w.  Dla  potrzeb  oszacowania  warto\u015bci odzyskiwalnej  aktyw\u00f3w  Grupy  KGHM  INTERNATIONAL  LTD.,  co  do  kt\u00f3rych  zidentyfikowano  przes\u0142anki  wskazuj\u0105ce  na mo\u017cliwo\u015b\u0107 zmiany warto\u015bci odzyskiwalnej, wyodr\u0119bniono nast\u0119puj\u0105ce o\u015brodki generuj\u0105ce \u015brodki pieni\u0119\u017cne (OWSP): \u2022  Kopalnia Robinson, \u2022  Zag\u0142\u0119bie Sudbury, w sk\u0142ad kt\u00f3rego wchodzi kopalnia Morrison oraz kopalnia McCreedy,  \u2022  Projekt w fazie przedoperacyjnej Victoria, \u2022  Projekt Ajax. Kluczowymi przes\u0142ankami do przeprowadzenia testu na utrat\u0119 warto\u015bci by\u0142y: \u2022  zmiana \u015bcie\u017cek rynkowych prognoz cenowych surowc\u00f3w,  \u2022  decyzja o rozpocz\u0119ciu procesu przygotowania do sprzeda\u017cy cz\u0119\u015bci aktyw\u00f3w zlokalizowanych w  OWSP  Sudbury (nie dotyczy projektu w fazie przedoperacyjnej  Victoria, kt\u00f3ry pozostaje w Grupie KGHM INTERNATIONAL LTD. jako aktywo strategiczne), \u2022  zmiana  parametr\u00f3w  techniczno-ekonomicznych  dla  aktyw\u00f3w  g\u00f3rniczych  OWSP  Sudbury  wchodz\u0105cych  w sk\u0142ad grupy  KGHM  INTERNATIONAL  LTD.  w  zakresie  wolumenu  produkcji,  zak\u0142adanych  koszt\u00f3w  operacyjnych  i poziomu nak\u0142ad\u00f3w inwestycyjnych w okresie \u017cycia kopalni. Do g\u0142\u00f3wnych przes\u0142anek wskazuj\u0105cych na to, \u017ce warto\u015b\u0107 odzyskiwalna mo\u017ce by\u0107 wy\u017csza ni\u017c warto\u015b\u0107 bilansowa, a w zwi\u0105zku z tym  zasadne  mo\u017ce  by\u0107  odwr\u00f3cenie  wcze\u015bniej  zawi\u0105zanych  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci,  nale\u017ca\u0142y  wzrost  \u015bcie\u017cek cenowych miedzi, z\u0142ota, palladu i srebra. Do g\u0142\u00f3wnych przes\u0142anek wskazuj\u0105cych na to, \u017ce warto\u015b\u0107 odzyskiwalna mo\u017ce by\u0107 ni\u017csza ni\u017c warto\u015b\u0107 bilansowa, a w zwi\u0105zku z tym konieczne mo\u017ce by\u0107 uj\u0119cie dodatkowego odpisu z tytu\u0142u utraty warto\u015bci, nale\u017ca\u0142y: \u2022  spadek \u015bcie\u017cek cenowych niklu,  \u2022  zmiany parametr\u00f3w techniczno\u2013ekonomicznych aktyw\u00f3w OWSP Sudbury, m.in. odsuni\u0119cie w czasie wznowienia produkcji, ni\u017cszy przewidywany wolumen produkcji, wzrost przewidywanych nak\u0142ad\u00f3w inwestycyjnych w okresie \u017cycia kopalni.  Na  potrzeby  ustalenia warto\u015bci  odzyskiwalnej  aktyw\u00f3w  w  poszczeg\u00f3lnych OWSP  w  przeprowadzonym  te\u015bcie  dokonano wyceny  do  warto\u015bci  godziwej  (pomniejszonej  o  szacowane  koszty  doprowadzenia  do  zbycia)  wykorzystuj\u0105c  podej\u015bcie dochodowe, tj. metod\u0119 zdyskontowanych przep\u0142yw\u00f3w pieni\u0119\u017cnych dla OWSP: Sudbury, Victoria oraz do warto\u015bci u\u017cytkowej dla OWSP Robinson.  Podstawowe za\u0142o\u017cenia makroekonomiczne przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci na 30 czerwca 2021 r. \u2013 notowania cen metali \u015acie\u017cki  cenowe  zosta\u0142y  przyj\u0119te  na  podstawie  dost\u0119pnych  wieloletnich  prognoz  instytucji  finansowych  i analitycznych. Szczeg\u00f3\u0142owa prognoza przygotowywana jest dla okresu  2022 \u2013 2026, dla  okresu 2027 \u2013  2031 stosowane  jest  techniczne dostosowanie  cen  pomi\u0119dzy  ostatnim  rokiem  szczeg\u00f3\u0142owej  prognozy,  a  rokiem  2032,  od kt\u00f3rego  wykorzystywana  jest d\u0142ugoterminowa prognoza ceny metalu na poziomie:   - dla miedzi \u2013 7 000 USD/t (3,18 USD/lb);   - dla z\u0142ota \u2013 1 500 USD/oz;  -  dla niklu \u2013 7,25 USD/lb. Za\u0142o\u017cenia przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci na 30 czerwca 2021 r.  Victoria  Sudbury  Robinson Okres \u017cycia kopalni / okres prognozy 14 14 7 Poziom produkcji miedzi w okresie \u017cycia kopalni ( tys. t) 249 43 358 Poziom produkcji niklu w okresie \u017cycia kopalni (tys.t) 221 23 - Poziom produkcji z\u0142ota w okresie \u017cycia kopalni (tys. oz) 157 27 263 \u015arednia mar\u017ca operacyjna w okresie \u017cycia kopalni 62% 27% 43% Poziom nak\u0142ad\u00f3w inwestycyjnych do poniesienia w okresie \u017cycia kopalni  [mln USD] 1 530 157 410 Zastosowana stopa dyskonta po opodatkowaniu dla aktyw\u00f3w w fazie operacyjnej* - 7,5% 7,5% Zastosowana stopa dyskonta po opodatkowaniu dla aktyw\u00f3w w fazie przedoperacyjnej 10,5% - - Koszty doprowadzenia do zbycia 2% Poziom hierarchii warto\u015bci godziwej do kt\u00f3rego zaklasyfikowano  wycen\u0119 do warto\u015bci godziwej Poziom 3 *  Prezentowane  dane  dla  OWSP  Robinson  s\u0105  po  opodatkowaniu  pomimo  modelu  wyceny  do  warto\u015bci  u\u017cytkowej.  Zastosowanie  danych  przed opodatkowaniem nie wp\u0142ywa istotnie na warto\u015b\u0107 odzyskiwaln\u0105.Kluczowe czynniki zmiany za\u0142o\u017ce\u0144 techniczno-ekonomicznych przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci na 30 czerwca 2021 r. Sudbury  W\u0142\u0105czenie do eksploatacji obszar\u00f3w wyst\u0119powania miedzi i metali szlachetnych (\u201e700 Zone\u201d i \u201ePM Zone\u201d) oraz wy\u0142\u0105czenie obszaru niklowego (\u201eIntermain Orebody\u201d). Odsuni\u0119cie wznowienia kopalni Levack do 2027 r. oraz zmniejszenie wolumenu produkcji. Wyniki przeprowadzonych test\u00f3w na dzie\u0144 30 czerwca 2021 r. przedstawia poni\u017csza tabela: OWSP Segment (Cz\u0119\u015b\u0107 2) Warto\u015b\u0107 bilansowa*  Warto\u015b\u0107 odzyskiwalna Odwr\u00f3cenie odpisu z tytu\u0142u utraty warto\u015bci mln USD mln PLN mln USD mln PLN mln USD mln PLN Victoria KGHM INTERNATIONAL LTD. 280 1 065 280 1 065 - - Sudbury 43 164 43 164 - - Robinson 369 1 404 614 2 335 10** 38** * Warto\u015b\u0107 bilansowa aktyw\u00f3w trwa\u0142ych pomniejszona o rezerw\u0119 z tytu\u0142u przysz\u0142ych koszt\u00f3w likwidacji kopal\u0144. ** Pomimo oszacowania warto\u015bci odzyskiwalnej OWSP Robinson na poziomie 614 mln USD (2 335 mln PLN), kt\u00f3ra przewy\u017csza\u0142a warto\u015b\u0107 bilansow\u0105 aktyw\u00f3w tego OWSP o kwot\u0119 245 mln USD (932 mln PLN) Grupa odwr\u00f3ci\u0142a, zgodnie z MSR 36.117, straty z tytu\u0142u utraty warto\u015bci aktyw\u00f3w dla tego OWSP uj\u0119te w okresach poprzednich w kwocie 10 mln USD (38 mln PLN) tj. do poziomu warto\u015bci bilansowej aktyw\u00f3w, jaka zosta\u0142aby ustalona (po pomniejszeniu o umorzenie), gdyby w poprzednich okresach w og\u00f3le nie uj\u0119to straty z tytu\u0142u utraty warto\u015bci tych aktyw\u00f3w.  W  wyniku  przeprowadzonego  testu  dokonano  odwr\u00f3cenia  odpisu  z  tytu\u0142u  utraty  warto\u015bci  aktyw\u00f3w  OWSP  Robinson w kwocie 38 mln PLN, kt\u00f3ra pomniejszy\u0142a pozycj\u0119 \u201e Koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w\u201d. Wyniki przeprowadzonych na dzie\u0144 30 czerwca 2021 r. test\u00f3w dla OWSP Victoria i OWSP Sudbury potwierdzi\u0142y, \u017ce warto\u015b\u0107 odzyskiwalna jest r\u00f3wna warto\u015bci bilansowej. Analiza wra\u017cliwo\u015bci warto\u015bci odzyskiwalnej OWSP Victoria (mln USD) Warto\u015b\u0107 odzyskiwalna Stopa dyskonta 11% 247 Stopa dyskonta 10,5% (test) 280 Stopa dyskonta 10% 329 Analiza wra\u017cliwo\u015bci warto\u015bci odzyskiwalnej OWSP Victoria (mln USD) Warto\u015b\u0107 odzyskiwalna Cena miedzi \u20130,10 $/lb 275 Cena miedzi (test) 280 Cena miedzi +0,10 $/lb 299 Analiza wra\u017cliwo\u015bci warto\u015bci odzyskiwalnej OWSP Victoria (mln USD) Warto\u015b\u0107 odzyskiwalna Cena niklu \u20130,10 $/lb 238 Cena niklu (test) 280 Cena niklu +0,10 $/lb 336 Analiza wra\u017cliwo\u015bci warto\u015bci odzyskiwalnej OWSP Robinson (mln USD) Warto\u015b\u0107 odzyskiwalna Stopa dyskonta 8% 604 Stopa dyskonta 7,5% (test) 614 Stopa dyskonta 7% 625 Analiza wra\u017cliwo\u015bci warto\u015bci odzyskiwalnej OWSP Robinson (mln USD) Warto\u015b\u0107 odzyskiwalna Cena miedzi \u20130,10 $/lb 564 Cena miedzi (test) 614 Cena miedzi +0,10 $/lb 665 Analiza  wra\u017cliwo\u015bci  warto\u015bci  odzyskiwalnej  OWSP  Sudbury  ze  wzgl\u0119du  na  nisk\u0105  warto\u015b\u0107  bilansow\u0105  aktyw\u00f3w  nie zosta\u0142a przedstawiona.  W  drugiej  po\u0142owie  2021  r.  w  zwi\u0105zku  z  wyst\u0105pieniem  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107  zmiany  warto\u015bci odzyskiwalnej  aktyw\u00f3w  g\u00f3rniczych  OWSP  Sudbury  wchodz\u0105cych  w  sk\u0142ad  Grupy  KGHM  INTERNATIONAL  LTD.,  Zarz\u0105d Jednostki  Dominuj\u0105cej  przeprowadzi\u0142  testy  na  utrat\u0119  warto\u015bci  tych  aktyw\u00f3w.  Kluczowymi  przes\u0142ankami  do przeprowadzenia testu na utrat\u0119 warto\u015bci i wskazuj\u0105cymi na to, \u017ce warto\u015b\u0107 odzyskiwalna aktyw\u00f3w mo\u017ce by\u0107 ni\u017csza ni\u017c ich warto\u015b\u0107 bilansowa, a w zwi\u0105zku z tym konieczne mo\u017ce by\u0107 uj\u0119cie dodatkowego odpisu z tytu\u0142u utraty warto\u015bci, by\u0142y decyzja o rezygnacji z wydobycia na dodatkowym z\u0142o\u017cu i spadek efektywno\u015bci tych aktyw\u00f3w. W dw\u00f3ch z kopalni OWSP Sudbury,  tj.  Morrison  i  Podolsky,  produkcja  zosta\u0142a  wstrzymana  i  s\u0105  one  utrzymywane  bez  prowadzenia  dzia\u0142alno\u015bci g\u00f3rniczej. Ponadto wyniki innej kopalni tego OWSP \u2013 McCreedy, by\u0142y w 2021 r. poni\u017cej oczekiwa\u0144 przede wszystkim ze wzgl\u0119du na znaczne zmniejszenie zawarto\u015bci metalu w wydobywanej rudzie. Na  potrzeby ustalenia warto\u015bci odzyskiwalnej  aktyw\u00f3w  OWSP  Sudbury w  przeprowadzonym te\u015bcie dokonano  wyceny warto\u015bci godziwej (pomniejszonej o szacowane koszty doprowadzenia do zbycia) wykorzystuj\u0105c podej\u015bcie dochodowe, tj. metod\u0119 zdyskontowanych przep\u0142yw\u00f3w pieni\u0119\u017cnych. Podstawowe za\u0142o\u017cenia makroekonomiczne przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci na dzie\u0144 31 grudnia 2021 r., tj. notowania cen metali, nie uleg\u0142y istotnej zmianie w stosunku do przyj\u0119tych w te\u015bcie na utrat\u0119 warto\u015bci na dzie\u0144 30 czerwca 2021 r. Za\u0142o\u017cenia przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci na 31 grudnia 2021 r.  Sudbury Okres \u017cycia kopalni / okres prognozy 5 Poziom produkcji miedzi w okresie \u017cycia kopalni ( tys. t) 14,8 Poziom produkcji niklu w okresie \u017cycia kopalni (tys.t) 3,7 Poziom produkcji z\u0142ota w okresie \u017cycia kopalni (tys. oz) 14,1 \u015arednia mar\u017ca operacyjna w okresie \u017cycia kopalni 7% Poziom nak\u0142ad\u00f3w inwestycyjnych do poniesienia w okresie \u017cycia kopalni  [mln USD] 14,28 Zastosowana stopa dyskonta po opodatkowaniu 7,5% Koszty doprowadzenia do zbycia 2% Poziom hierarchii warto\u015bci godziwej do kt\u00f3rego zaklasyfikowano wycen\u0119 do warto\u015bci godziwej Poziom 3 Kluczowe  czynniki  zmiany  za\u0142o\u017ce\u0144  techniczno-ekonomicznych  przyj\u0119te  w  te\u015bcie  na  utrat\u0119  warto\u015bci na 31 grudnia 2021 r. Sudbury  Zmniejszenie  wolumenu  produkcji  w  McCreedy  oraz  Morrison/Levack,  skr\u00f3cenie  okresu  \u017cycia kopalni McCreedy do 2026 r. Wynik przeprowadzonego testu na dzie\u0144 31 grudnia 2021 r. przedstawia poni\u017csza tabela: OWSP Segment (Cz\u0119\u015b\u0107 2) Warto\u015b\u0107 bilansowa*  Warto\u015b\u0107 odzyskiwalna Odpis z tytu\u0142u utraty warto\u015bci mln USD mln PLN mln USD mln PLN mln USD mln PLN Sudbury KGHM INTERNATIONAL LTD. 41 166 0 0 41 166 * Warto\u015b\u0107 bilansowa aktyw\u00f3w trwa\u0142ych pomniejszona o rezerw\u0119 z tytu\u0142u przysz\u0142ych koszt\u00f3w likwidacji kopal\u0144.  W wyniku przeprowadzonego testu dokonano utworzenia odpisu z tytu\u0142u utraty warto\u015bci aktyw\u00f3w OWSP Sudbury, kt\u00f3ry uj\u0119to  w  pozycjach:  \u201eKoszty  sprzedanych  produkt\u00f3w,  towar\u00f3w  i materia\u0142\u00f3w\u201d  w  kwocie  162  mln  PLN  i  \u201ePozosta\u0142e  koszty operacyjne\u201d w kwocie 4 mln PLN. Analiza  wra\u017cliwo\u015bci  warto\u015bci  odzyskiwalnej  OWSP  Sudbury  ze  wzgl\u0119du  na  nisk\u0105  warto\u015b\u0107  bilansow\u0105  aktyw\u00f3w  nie zosta\u0142a przedstawiona.  Ze wzgl\u0119du na fakt, \u017ce kopalnie Carlota oraz Franke (aktywa Grupy KGHM INTERNATIONAL LTD.) dnia 30 czerwca 2021 r. zosta\u0142y  przeklasyfikowane  do  aktyw\u00f3w  przeznaczonych  do  sprzeda\u017cy,  ich  uj\u0119cie  w  ksi\u0119gach  i  wycena  na moment przeklasyfikowania oraz na dzie\u0144 31 grudnia 2021 r. zosta\u0142y dokonane zgodnie z MSSF 5 (Nota 9.8). OCENA UTRATY WARTO\u015aCI PRAW DO WODY  W Grupie Kapita\u0142owej corocznie testowane pod k\u0105tem utraty warto\u015bci s\u0105 prawa do wody z posiadanych \u017ar\u00f3de\u0142 w Chile poprzez  por\u00f3wnanie  ich  warto\u015bci  bilansowej  do  warto\u015bci  odzyskiwalnej,  kt\u00f3ra  jest  ustalana  na  podstawie  warto\u015bci godziwej pomniejszonej o koszty zbycia. Warto\u015b\u0107 godziwa uprawnie\u0144 do wody jest klasyfikowana jako pozycja poziomu 2 hierarchii  warto\u015bci  godziwej,  w  kt\u00f3rej  pomiary  warto\u015bci  godziwej  s\u0105  oparte  na  istotnych  obserwowalnych  danych wej\u015bciowych innych ni\u017c notowane ceny rynkowe. Za rok zako\u0144czony 31 grudnia 2021 r. Grupa dokona\u0142a oceny czynnik\u00f3w wp\u0142ywaj\u0105cych na warto\u015b\u0107 odzyskiwaln\u0105 aktywa i uzna\u0142a, \u017ce nie ma podstaw do uj\u0119cia utraty warto\u015bci, poniewa\u017c zar\u00f3wno cena wody jak i oszacowana ilo\u015b\u0107 wody mo\u017cliwej do wydobycia nie zmieni\u0142y si\u0119 w stosunku do poziom\u00f3w tych czynnik\u00f3w  przyj\u0119tych do wyceny na dzie\u0144 31 grudnia 2020 r. Warto\u015b\u0107 bilansowa praw do wody wynios\u0142a na dzie\u0144 31 grudnia 2021 r. 67 mln PLN (na dzie\u0144 31.12.2020 r. 65 mln PLN). TEST NA UTRAT\u0118 WARTO\u015aCI RZECZOWYCH AKTYW\u00d3W TRWA\u0141YCH WPEC w Legnicy S.A. \u2013 Segment \u2013 Pozosta\u0142e segmenty W okresie  bie\u017c\u0105cym, w  zwi\u0105zku z wyst\u0105pieniem  przes\u0142anek wskazuj\u0105cych na mo\u017cliwo\u015b\u0107  zmiany warto\u015bci  odzyskiwalnej rzeczowych  aktyw\u00f3w  trwa\u0142ych  oraz  warto\u015bci  niematerialnych  sp\u00f3\u0142ki  WPEC  S.A.,  Sp\u00f3\u0142ka  przeprowadzi\u0142a  testy  na  utrat\u0119 warto\u015bci  tych  aktyw\u00f3w.  G\u0142\u00f3wnymi  przes\u0142ankami  do  przeprowadzenia  testu  na  utrat\u0119  warto\u015bci  w  bie\u017c\u0105cym  okresie sprawozdawczym by\u0142y ujemne wyniki na prowadzonej podstawowej dzia\u0142alno\u015bci, istotny wzrost cen uprawnie\u0144 do emisji CO 2 oraz ryzyko wyd\u0142u\u017cenia procesu inwestycyjnego w \u017ar\u00f3d\u0142o gazowe w Legnicy. Warto\u015b\u0107 bilansowa rzeczowych aktyw\u00f3w trwa\u0142ych oraz warto\u015bci niematerialnych WPEC S.A. pomniejszona o warto\u015b\u0107 bilansow\u0105 dotacji oraz gruntu zlokalizowanego na terenie miasta Lubin oraz o warto\u015b\u0107 uprawnie\u0144 do emisji CO 2 wynios\u0142a na dzie\u0144 31 grudnia 2021 r. 106 mln PLN. Na potrzeby  oszacowania  warto\u015bci  odzyskiwalnej  w przeprowadzonym  te\u015bcie  dokonano  wyceny  warto\u015bci  godziwej pomniejszonej  o  szacowane  koszty  doprowadzenia  do  zbycia,  wykorzystuj\u0105c  podej\u015bcie  dochodowe  tj.  metod\u0119 zdyskontowanych przep\u0142yw\u00f3w pieni\u0119\u017cnych. Podstawowe za\u0142o\u017cenia przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci Za\u0142o\u017cenie  Poziom przyj\u0119ty w te\u015bcie Okres prognozy szczeg\u00f3\u0142owej 2022-2031 Przedzia\u0142 mar\u017cy operacyjnej w okresie prognozy szczeg\u00f3\u0142owej -3,24% -  +3,25% Poziom nak\u0142ad\u00f3w inwestycyjnych w okresie prognozy szczeg\u00f3\u0142owej 202 mln PLN Stopa dyskonta 3,86 % (realna po opodatkowaniu) Stopa wzrostu po okresie prognozy 0% Warto\u015b\u0107  odzyskiwalna  poddanych  testowi  rzeczowych  aktyw\u00f3w  trwa\u0142ych  zosta\u0142a  ustalona  w  oparciu  o  analiz\u0119 zdyskontowanych  prognozowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych.  Jako  okres  prognozy  przyj\u0119to  10  lat.  Wyd\u0142u\u017cenie  okresu prognozy znajduje uzasadnienie przede wszystkim m.in. ze wzgl\u0119du na istotny i d\u0142ugoterminowy wp\u0142yw szacowanych zmian w otoczeniu regulacyjnym oraz w celu pe\u0142nego odzwierciedlenia wp\u0142ywu planowanych nak\u0142ad\u00f3w inwestycyjnych. Przyj\u0119ty poziom nak\u0142ad\u00f3w inwestycyjnych w okresie  prognozy dotyczy g\u0142\u00f3wnie realizacji zadania - Modernizacja systemu zaopatrzenia w ciep\u0142o miasta Legnicy oraz modernizacji sieci ciep\u0142owniczych.   Dla prognozy koszt\u00f3w na lata 2022 \u2013 2031 istotny wp\u0142yw ma zmiana technologii pracy \u017ar\u00f3d\u0142a ciep\u0142a w Legnicy pocz\u0105wszy od roku 2024 oraz redukcja ponoszonych strat przesy\u0142owych, a w szczeg\u00f3lno\u015bci: \u2022  redukcja  koszt\u00f3w  surowc\u00f3w  i  proces\u00f3w  produkcyjnych  gospodarki  w\u0119glowej  oraz  zwi\u0105zanych  z nimi bie\u017c\u0105cym utrzymaniem ruchu, eksploatacj\u0105, remontami i awariami;  \u2022  zmniejszenie wysoko\u015bci emisji CO 2 ok. 50 %; \u2022  reorganizacja w obszarze zatrudnienia w zwi\u0105zku ze zmian\u0105 technologii na gazow\u0105; \u2022  ograniczenia  strat  cieplnych  na  posiadanej  infrastrukturze  przesy\u0142owej  wynikaj\u0105ce  z przeprowadzonych     modernizacji infrastruktury przesy\u0142owej. Powy\u017csza prognoza uwzgl\u0119dnia istotne zmiany cen uprawnie\u0144 do emisji CO 2 oraz medi\u00f3w energetycznych jakie nast\u0105pi\u0142y w ostatnim okresie. W  konsekwencji  powy\u017cszych  za\u0142o\u017ce\u0144  i  przy  zachowaniu  ostro\u017cno\u015bci  szacowany  poziom  EBIT  wzro\u015bnie  w  okresie  2022- 2032 z poziomu -5 mln PLN do 8 mln PLN rocznie.Warto\u015b\u0107 EBIT w 2032 r. w kwocie 8 mln PLN jest podstaw\u0105 do wyliczenia wolnych przep\u0142yw\u00f3w pieni\u0119\u017cnych niezb\u0119dnych do ustalenia warto\u015bci rezydualnej, kt\u00f3ra jest szacowana na 115 mln PLN. W  wyniku  przeprowadzonego  testu  na  utrat\u0119  warto\u015bci  rzeczowych  aktyw\u00f3w  trwa\u0142ych  oraz  warto\u015bci  niematerialnych ustalono warto\u015b\u0107 odzyskiwaln\u0105 aktyw\u00f3w na poziomie 56 mln PLN, kt\u00f3ra by\u0142a  ni\u017csza od warto\u015bci bilansowej testowanych aktyw\u00f3w,  co  da\u0142o  podstawy  do dokonania  odpisu  z  tytu\u0142u  utraty  warto\u015bci  w  kwocie  50  mln  PLN,   kt\u00f3ry  uj\u0119to  w  pozycji \u201eKoszty sprzedanych produkt\u00f3w i towar\u00f3w\u201d. Wycena aktyw\u00f3w trwa\u0142ych oraz warto\u015bci niematerialnych sp\u00f3\u0142ki wykazuje  znaczn\u0105  wra\u017cliwo\u015b\u0107 na przyj\u0119te  poziomy  stopy dyskonta  oraz  wyceny  warto\u015bci  rezydualnej,  kt\u00f3ra  zosta\u0142a  ustalona  w  oparciu  o  EBIT  z  2032  r.  W  poni\u017cszej  tabeli przedstawiono wp\u0142yw zmian tych parametr\u00f3w na wycen\u0119 aktyw\u00f3w. Analiza wra\u017cliwo\u015bci warto\u015bci odzyskiwalnej rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych WPEC w Legnicy S.A.  Warto\u015b\u0107 odzyskiwalna przy stopie dyskonta  ni\u017cszej o 1 pkt %  wg testu  wy\u017cszej o 1 pkt % Stopa dyskonta 3,86 % (test)  113  56 23  Warto\u015b\u0107 odzyskiwalna przy EBIT w okresie rezydualnym   ni\u017cszym o 5 %  wg testu  wy\u017cszym o 5 % EBIT w okresie rezydualnym 8 mln PLN ( test)  50  56 62 Dla  potrzeb  monitorowania  ryzyka  utraty  warto\u015bci  aktyw\u00f3w  operacyjnych  w  kolejnych  okresach  sprawozdawczych stwierdzono,  \u017ce  warto\u015b\u0107  odzyskiwalna  osi\u0105gn\u0119\u0142aby  warto\u015b\u0107  r\u00f3wn\u0105  warto\u015bci  bilansowej  aktyw\u00f3w  w  sytuacji,  gdy  stopa dyskonta spad\u0142aby o 0,91 pkt % lub EBIT wzr\u00f3s\u0142by o 43,2 %. TEST NA UTRAT\u0118 WARTO\u015aCI RZECZOWYCH AKTYW\u00d3W TRWA\u0141YCH \u201eEnergetyka\u201d sp. z o.o.\u2013 Segment \u2013 Pozosta\u0142e segmenty W okresie  bie\u017c\u0105cym, w  zwi\u0105zku z wyst\u0105pieniem  przes\u0142anek wskazuj\u0105cych na mo\u017cliwo\u015b\u0107  zmiany warto\u015bci  odzyskiwalnej rzeczowych aktyw\u00f3w trwa\u0142ych oraz warto\u015bci niematerialnych sp\u00f3\u0142ki \u201eEnergetyka\u201d sp. z o.o., Sp\u00f3\u0142ka przeprowadzi\u0142a testy na utrat\u0119  warto\u015bci  tych  aktyw\u00f3w.  Kluczow\u0105  przes\u0142ank\u0105  do  przeprowadzenia  testu  na  utrat\u0119  warto\u015bci  w  bie\u017c\u0105cym okresie sprawozdawczym by\u0142y  gorsze od oczekiwanych wyniki ekonomiczne i istotny wzrost koszt\u00f3w uprawnie\u0144 do emisji CO 2 . Warto\u015b\u0107 bilansowa testowanych aktyw\u00f3w trwa\u0142ych \u201eEnergetyka\u201d sp. z o.o. wynios\u0142a na dzie\u0144 31 grudnia 2021 r. 386 mln PLN. Na potrzeby oszacowania warto\u015bci odzyskiwalnej w przeprowadzonym te\u015bcie dokonano wyceny warto\u015bci u\u017cytkowej OWSP, wykorzystuj\u0105c podej\u015bcie dochodowe tj. metod\u0119 zdyskontowanych przep\u0142yw\u00f3w pieni\u0119\u017cnych. Podstawowe za\u0142o\u017cenia przyj\u0119te w te\u015bcie na utrat\u0119 warto\u015bci Za\u0142o\u017cenie  Poziom przyj\u0119ty w te\u015bcie Okres prognozy szczeg\u00f3\u0142owej 2022-2031 Przedzia\u0142 mar\u017cy operacyjnej w okresie prognozy szczeg\u00f3\u0142owej -0,43% -  +2,07% Poziom nak\u0142ad\u00f3w inwestycyjnych w okresie prognozy szczeg\u00f3\u0142owej 313 mln PLN Stopa dyskonta* 3,80 % (realna po opodatkowaniu) Stopa wzrostu po okresie prognozy 0% * prezentowane dane s\u0105 po opodatkowaniu pomimo modelu wyceny warto\u015bci u\u017cytkowej. Zastosowanie danych przed opodatkowaniem nie wp\u0142ywa istotnie na warto\u015b\u0107 odzyskiwaln\u0105. Warto\u015b\u0107  odzyskiwalna  poddanych  testowi  rzeczowych  aktyw\u00f3w  trwa\u0142ych  zosta\u0142a  ustalona  w  oparciu  o  analiz\u0119 zdyskontowanych  prognozowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych.  Jako  okres  prognozy  przyj\u0119to  10  lat.  Wyd\u0142u\u017cenie  okresu prognozy  znajduje  uzasadnienie  przede  wszystkim  ze  wzgl\u0119du  na  istotny  i  d\u0142ugoterminowy  wp\u0142yw  szacowanych  zmian w otoczeniu  regulacyjnym.  Dodatkowo,  w  okresie  szczeg\u00f3\u0142owej  prognozy  konieczne  jest  ukazanie  wp\u0142ywu  dotychczas poniesionych  nak\u0142ad\u00f3w  inwestycyjnych,  ich  zwi\u0119kszonych  warto\u015bci  w  pierwszym  okresie  prognozy  (lata  2022/2023)  oraz braku konieczno\u015bci ponoszenia ich w podobnej wysoko\u015bci w kolejnych latach. Podstaw\u0119  opracowania  prognoz  przychod\u00f3w  i  koszt\u00f3w  stanowi  zatwierdzony  bud\u017cet  sp\u00f3\u0142ki  na  lata  2022  \u2013  2026 skorygowany w zwi\u0105zku z istotnymi zmianami cen uprawnie\u0144 do emisji CO 2 oraz medi\u00f3w energetycznych, jakie nast\u0105pi\u0142y w ostatnim okresie. Przyj\u0119ty poziom nak\u0142ad\u00f3w inwestycyjnych w okresie prognozy dotyczy g\u0142\u00f3wnie zada\u0144 modernizacyjnych i odtworzeniowych.  W konsekwencji powy\u017cszych za\u0142o\u017ce\u0144 i przy zachowaniu ostro\u017cno\u015bci, szacowany poziom EBIT wzro\u015bnie w okresie 2022- 2024 z poziomu -3 mln PLN do 17 mln PLN, natomiast od 2025 r. do 2032 r. EBIT b\u0119dzie kszta\u0142towa\u0142 si\u0119 na poziomie 16 mln PLN rocznie.  W  wyniku  przeprowadzonego  testu  na  utrat\u0119  warto\u015bci  rzeczowych  aktyw\u00f3w  trwa\u0142ych  oraz  warto\u015bci  niematerialnych ustalono warto\u015b\u0107 odzyskiwaln\u0105 testowanych aktyw\u00f3w na poziomie 307 mln PLN, kt\u00f3ra by\u0142a ni\u017csza od warto\u015bci bilansowej testowanych  aktyw\u00f3w,  co  da\u0142o  podstawy  do  dokonania  odpisu  z  tytu\u0142u  utraty  warto\u015bci  w  kwocie 79 mln PLN,  kt\u00f3ry uj\u0119to w pozycji \u201eKoszty sprzedanych produkt\u00f3w i towar\u00f3w\u201d. Wycena  testowanych  aktyw\u00f3w  trwa\u0142ych  wykazuje  znaczn\u0105  wra\u017cliwo\u015b\u0107  na  przyj\u0119te  poziomy  stopy  dyskonta  oraz umiarkowan\u0105  wra\u017cliwo\u015b\u0107  na  zmian\u0119  EBIT  b\u0119d\u0105cej  podstaw\u0105  ustalenia  warto\u015bci  rezydualnej.  W  poni\u017cszej  tabeli przedstawiono wp\u0142yw zmian tych parametr\u00f3w na wycen\u0119 aktyw\u00f3w. Analiza wra\u017cliwo\u015bci warto\u015bci odzyskiwalnej rzeczowych aktyw\u00f3w trwa\u0142ych \u201eEnergetyka\u201d sp. z o.o.  Warto\u015b\u0107 odzyskiwalna przy stopie dyskonta  ni\u017cszej o 1 pkt %  wg testu  wy\u017cszej o 1 pkt % Stopa dyskonta 3,80 % (test)  431  307 234  Warto\u015b\u0107 odzyskiwalna przy EBIT w okresie rezydualnym   ni\u017cszym o 5 %  wg testu  wy\u017cszym o 5 % EBIT w okresie rezydualnym 16 mln PLN ( test)  292  307 322 Dla  potrzeb  monitorowania  ryzyka  utraty  warto\u015bci  aktyw\u00f3w  operacyjnych  w  kolejnych  okresach  sprawozdawczych stwierdzono,  \u017ce  warto\u015b\u0107  odzyskiwalna  osi\u0105gn\u0119\u0142aby  warto\u015b\u0107  r\u00f3wn\u0105  warto\u015bci  bilansowej  aktyw\u00f3w  w  sytuacji,  gdy  stopa dyskonta spad\u0142aby o 0,71 pkt % lub EBIT wzr\u00f3s\u0142by o 26,3 %. Pozosta\u0142e odpisy z tytu\u0142u utraty warto\u015bci aktyw\u00f3w Pozosta\u0142e odpisy z tytu\u0142u utraty warto\u015bci aktyw\u00f3w dotycz\u0105: \u2022  \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych 49 mln PLN,  \u2022  \u015brodk\u00f3w  trwa\u0142ych  w  budowie  i  pozosta\u0142ych  warto\u015bci  niematerialnych  nieoddanych  do  u\u017cytkowania 34 mln PLN, \u2022  aktualizacji warto\u015bci zapas\u00f3w  47 mln PLN, \u2022  aktualizacji warto\u015bci nale\u017cno\u015bci 13 mln PLN. Informacj\u0119  dotycz\u0105c\u0105  miejsca  rozpoznania  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  w  skonsolidowanym  sprawozdaniu  z wyniku prezentuje Nota 4.4. Nota 4.4 Odwr\u00f3cenie strat i (straty) z tytu\u0142u utraty warto\u015bci uj\u0119te w sprawozdaniu z wyniku od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci aktyw\u00f3w rozpoznane w:  kosztach sprzedanych produkt\u00f3w, towar\u00f3w i  materia\u0142\u00f3w, z tego:  58 130 Nota 4.1        aktualizacja warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci         niematerialnych  3 42       aktualizacja warto\u015bci zapas\u00f3w  55 88 Nota 6.2  pozycji zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci po\u017cyczek   udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu  873 2 380 pozosta\u0142ych przychodach operacyjnych, z tego:  5 32       aktualizacja warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie - 2 Nota 4.2        aktualizacja warto\u015bci nale\u017cno\u015bci od odbiorc\u00f3w  2 8 Nota 4.2        aktualizacja warto\u015bci pozosta\u0142ych nale\u017cno\u015bci finansowych  3 19       aktualizacja warto\u015bci pozosta\u0142ych nale\u017cno\u015bci niefinansowych - 3 Razem odwr\u00f3cenie strat  936 2 542 Straty z tytu\u0142u utraty warto\u015bci aktyw\u00f3w rozpoznane w:  kosztach sprzedanych produkt\u00f3w, towar\u00f3w i  materia\u0142\u00f3w, z tego: ( 157) ( 387) Nota 4.1 aktualizacja warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci       niematerialnych ( 83) ( 340)       aktualizacja warto\u015bci zapas\u00f3w ( 74) ( 47) pozosta\u0142ych kosztach operacyjnych, z tego: ( 73) ( 51) Nota 4.2       aktualizacja warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie i warto\u015bci        niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38)      aktualizacja warto\u015bci nale\u017cno\u015bci niefinansowych ( 4) - Nota 4.2       aktualizacja  warto\u015bci nale\u017cno\u015bci od odbiorc\u00f3w  ( 4) ( 5) Nota 4.2       aktualizacja warto\u015bci pozosta\u0142ych nale\u017cno\u015bci finansowych ( 1) ( 8) Razem straty ( 230) ( 438) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-372": {
   "value": "Nota 4.1 Koszty wed\u0142ug rodzaju od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 9.3 Amortyzacja \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych 2 398 2 254 Nota 11.1 Koszty \u015bwiadcze\u0144 pracowniczych    7 333 6 443 Zu\u017cycie materia\u0142\u00f3w i energii, w tym: 15 876 11 962 wsady obce  8 859 7 132 Us\u0142ugi obce 2 604 2 200 Nota 5.2 Podatek od wydobycia niekt\u00f3rych kopalin 3 046 3 548 Pozosta\u0142e podatki i op\u0142aty  786 661 Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych ( 3) ( 42) Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci zapas\u00f3w ( 55) ( 88) Koszty reklamy i wydatki reprezentacyjne  89 72 Ubezpieczenia maj\u0105tkowe i osobowe  80 76 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych  83 340 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci zapas\u00f3w  74 47 Pozosta\u0142e koszty  77 64 Razem koszty rodzajowe 32 388 27 537 Warto\u015b\u0107 sprzedanych towar\u00f3w i materia\u0142\u00f3w (+)  792 790 Zmiana stanu produkt\u00f3w, produkcji w toku  (+/-) (2 008) (1 544) Koszty wytworzenia produkt\u00f3w na w\u0142asne potrzeby  Grupy Kapita\u0142owej (-) * (1 669) (1 690) \u0141\u0105czne koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w, sprzeda\u017cy i og\u00f3lnego zarz\u0105du, z tego: 29 503 25 093 Koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w  27 541 23 529 Koszty sprzeda\u017cy   560 450 Koszty og\u00f3lnego zarz\u0105du  1 402 1 114                           *  Kwota  stanowi  g\u0142\u00f3wnie  koszt  wytworzenia  maj\u0105tku  trwa\u0142ego  w  Grupie  Kapita\u0142owej  \u2013  w  szczeg\u00f3lno\u015bci  koszty  usuwania  nak\u0142adu                                w kopalniach odkrywkowych . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "Nota 4.1 Koszty wed\u0142ug rodzaju od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 9.3 Amortyzacja \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych 2 398 2 254 Nota 11.1 Koszty \u015bwiadcze\u0144 pracowniczych    7 333 6 443 Zu\u017cycie materia\u0142\u00f3w i energii, w tym: 15 876 11 962 wsady obce  8 859 7 132 Us\u0142ugi obce 2 604 2 200 Nota 5.2 Podatek od wydobycia niekt\u00f3rych kopalin 3 046 3 548 Pozosta\u0142e podatki i op\u0142aty  786 661 Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych ( 3) ( 42) Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci zapas\u00f3w ( 55) ( 88) Koszty reklamy i wydatki reprezentacyjne  89 72 Ubezpieczenia maj\u0105tkowe i osobowe  80 76 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych  83 340 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci zapas\u00f3w  74 47 Pozosta\u0142e koszty  77 64 Razem koszty rodzajowe 32 388 27 537 Warto\u015b\u0107 sprzedanych towar\u00f3w i materia\u0142\u00f3w (+)  792 790 Zmiana stanu produkt\u00f3w, produkcji w toku  (+/-) (2 008) (1 544) Koszty wytworzenia produkt\u00f3w na w\u0142asne potrzeby  Grupy Kapita\u0142owej (-) * (1 669) (1 690) \u0141\u0105czne koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w, sprzeda\u017cy i og\u00f3lnego zarz\u0105du, z tego: 29 503 25 093 Koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w  27 541 23 529 Koszty sprzeda\u017cy   560 450 Koszty og\u00f3lnego zarz\u0105du  1 402 1 114                           *  Kwota  stanowi  g\u0142\u00f3wnie  koszt  wytworzenia  maj\u0105tku  trwa\u0142ego  w  Grupie  Kapita\u0142owej  \u2013  w  szczeg\u00f3lno\u015bci  koszty  usuwania  nak\u0142adu                                w kopalniach odkrywkowych Nota 4.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego:  270 383     wycena   109 208     realizacja   161 175 Przychody z tytu\u0142u odsetek obliczone z zastosowaniem metody efektywnej stopy procentowej  54 1 Nota 7.1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie  949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie - 2 Nota 4.4  Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  5 27 Rozwi\u0105zanie rezerw   62 34 Zysk ze zbycia warto\u015bci niematerialnych  134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 57 Nota 9.8  Zysk ze zbycia jednostek zale\u017cnych  180 - Otrzymane dotacje pa\u0144stwowe   19 24 Przychody z obs\u0142ugi akredytyw, gwarancji  28 66 Otrzymane odszkodowania, kary, grzywny  66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - 39 Pozosta\u0142e  114 95 Pozosta\u0142e przychody operacyjne razem 1 881 1 757 Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 490) ( 768)     wycena ( 116) ( 141)     realizacja  ( 374) ( 627) Nota 4.4  Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych ( 58) ( 39) Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38) Utworzenie rezerw ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 26) - Darowizny przekazane ( 55) ( 33) Pozosta\u0142e ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne  962 711 Nota 4.3 Przychody i (koszty) finansowe od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  18 - Przychody finansowe razem  148 70 Nota 7.1 Odsetki od zad\u0142u\u017cenia, w tym: ( 18) ( 94)   z tytu\u0142u leasingu ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek ( 29) ( 25) Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 149) ( 80)     wycena  - ( 1)     realizacja  ( 149) ( 79) Nota 7.1 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144 z tytu\u0142u zad\u0142u\u017cenia ( 179) ( 299) Pozosta\u0142e ( 24) ( 28) Koszty finansowe razem ( 420) ( 541) Przychody i (koszty) finansowe ( 272) ( 471) Nota 4.4 Odwr\u00f3cenie strat i (straty) z tytu\u0142u utraty warto\u015bci uj\u0119te w sprawozdaniu z wyniku od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci aktyw\u00f3w rozpoznane w:  kosztach sprzedanych produkt\u00f3w, towar\u00f3w i  materia\u0142\u00f3w, z tego:  58 130 Nota 4.1        aktualizacja warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci         niematerialnych  3 42       aktualizacja warto\u015bci zapas\u00f3w  55 88 Nota 6.2  pozycji zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci po\u017cyczek   udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu  873 2 380 pozosta\u0142ych przychodach operacyjnych, z tego:  5 32       aktualizacja warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie - 2 Nota 4.2        aktualizacja warto\u015bci nale\u017cno\u015bci od odbiorc\u00f3w  2 8 Nota 4.2        aktualizacja warto\u015bci pozosta\u0142ych nale\u017cno\u015bci finansowych  3 19       aktualizacja warto\u015bci pozosta\u0142ych nale\u017cno\u015bci niefinansowych - 3 Razem odwr\u00f3cenie strat  936 2 542 Straty z tytu\u0142u utraty warto\u015bci aktyw\u00f3w rozpoznane w:  kosztach sprzedanych produkt\u00f3w, towar\u00f3w i  materia\u0142\u00f3w, z tego: ( 157) ( 387) Nota 4.1 aktualizacja warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci       niematerialnych ( 83) ( 340)       aktualizacja warto\u015bci zapas\u00f3w ( 74) ( 47) pozosta\u0142ych kosztach operacyjnych, z tego: ( 73) ( 51) Nota 4.2       aktualizacja warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie i warto\u015bci        niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38)      aktualizacja warto\u015bci nale\u017cno\u015bci niefinansowych ( 4) - Nota 4.2       aktualizacja  warto\u015bci nale\u017cno\u015bci od odbiorc\u00f3w  ( 4) ( 5) Nota 4.2       aktualizacja warto\u015bci pozosta\u0142ych nale\u017cno\u015bci finansowych ( 1) ( 8) Razem straty ( 230) ( 438) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "Nota 4.1 Koszty wed\u0142ug rodzaju od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 9.3 Amortyzacja \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych 2 398 2 254 Nota 11.1 Koszty \u015bwiadcze\u0144 pracowniczych    7 333 6 443 Zu\u017cycie materia\u0142\u00f3w i energii, w tym: 15 876 11 962 wsady obce  8 859 7 132 Us\u0142ugi obce 2 604 2 200 Nota 5.2 Podatek od wydobycia niekt\u00f3rych kopalin 3 046 3 548 Pozosta\u0142e podatki i op\u0142aty  786 661 Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych ( 3) ( 42) Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci zapas\u00f3w ( 55) ( 88) Koszty reklamy i wydatki reprezentacyjne  89 72 Ubezpieczenia maj\u0105tkowe i osobowe  80 76 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych  83 340 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci zapas\u00f3w  74 47 Pozosta\u0142e koszty  77 64 Razem koszty rodzajowe 32 388 27 537 Warto\u015b\u0107 sprzedanych towar\u00f3w i materia\u0142\u00f3w (+)  792 790 Zmiana stanu produkt\u00f3w, produkcji w toku  (+/-) (2 008) (1 544) Koszty wytworzenia produkt\u00f3w na w\u0142asne potrzeby  Grupy Kapita\u0142owej (-) * (1 669) (1 690) \u0141\u0105czne koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w, sprzeda\u017cy i og\u00f3lnego zarz\u0105du, z tego: 29 503 25 093 Koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w  27 541 23 529 Koszty sprzeda\u017cy   560 450 Koszty og\u00f3lnego zarz\u0105du  1 402 1 114                           *  Kwota  stanowi  g\u0142\u00f3wnie  koszt  wytworzenia  maj\u0105tku  trwa\u0142ego  w  Grupie  Kapita\u0142owej  \u2013  w  szczeg\u00f3lno\u015bci  koszty  usuwania  nak\u0142adu                                w kopalniach odkrywkowych . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "Nota 4.1 Koszty wed\u0142ug rodzaju od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 9.3 Amortyzacja \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych 2 398 2 254 Nota 11.1 Koszty \u015bwiadcze\u0144 pracowniczych    7 333 6 443 Zu\u017cycie materia\u0142\u00f3w i energii, w tym: 15 876 11 962 wsady obce  8 859 7 132 Us\u0142ugi obce 2 604 2 200 Nota 5.2 Podatek od wydobycia niekt\u00f3rych kopalin 3 046 3 548 Pozosta\u0142e podatki i op\u0142aty  786 661 Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych ( 3) ( 42) Nota 4.4 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci zapas\u00f3w ( 55) ( 88) Koszty reklamy i wydatki reprezentacyjne  89 72 Ubezpieczenia maj\u0105tkowe i osobowe  80 76 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych  83 340 Nota 4.4 Odpisy z tytu\u0142u utraty warto\u015bci zapas\u00f3w  74 47 Pozosta\u0142e koszty  77 64 Razem koszty rodzajowe 32 388 27 537 Warto\u015b\u0107 sprzedanych towar\u00f3w i materia\u0142\u00f3w (+)  792 790 Zmiana stanu produkt\u00f3w, produkcji w toku  (+/-) (2 008) (1 544) Koszty wytworzenia produkt\u00f3w na w\u0142asne potrzeby  Grupy Kapita\u0142owej (-) * (1 669) (1 690) \u0141\u0105czne koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w, sprzeda\u017cy i og\u00f3lnego zarz\u0105du, z tego: 29 503 25 093 Koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w  27 541 23 529 Koszty sprzeda\u017cy   560 450 Koszty og\u00f3lnego zarz\u0105du  1 402 1 114                           *  Kwota  stanowi  g\u0142\u00f3wnie  koszt  wytworzenia  maj\u0105tku  trwa\u0142ego  w  Grupie  Kapita\u0142owej  \u2013  w  szczeg\u00f3lno\u015bci  koszty  usuwania  nak\u0142adu                                w kopalniach odkrywkowych . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-373": {
   "value": "Nota 4.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego:  270 383     wycena   109 208     realizacja   161 175 Przychody z tytu\u0142u odsetek obliczone z zastosowaniem metody efektywnej stopy procentowej  54 1 Nota 7.1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie  949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie - 2 Nota 4.4  Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  5 27 Rozwi\u0105zanie rezerw   62 34 Zysk ze zbycia warto\u015bci niematerialnych  134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 57 Nota 9.8  Zysk ze zbycia jednostek zale\u017cnych  180 - Otrzymane dotacje pa\u0144stwowe   19 24 Przychody z obs\u0142ugi akredytyw, gwarancji  28 66 Otrzymane odszkodowania, kary, grzywny  66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - 39 Pozosta\u0142e  114 95 Pozosta\u0142e przychody operacyjne razem 1 881 1 757 Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 490) ( 768)     wycena ( 116) ( 141)     realizacja  ( 374) ( 627) Nota 4.4  Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych ( 58) ( 39) Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38) Utworzenie rezerw ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 26) - Darowizny przekazane ( 55) ( 33) Pozosta\u0142e ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne  962 711 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "Nota 4.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego:  270 383     wycena   109 208     realizacja   161 175 Przychody z tytu\u0142u odsetek obliczone z zastosowaniem metody efektywnej stopy procentowej  54 1 Nota 7.1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie  949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie - 2 Nota 4.4  Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  5 27 Rozwi\u0105zanie rezerw   62 34 Zysk ze zbycia warto\u015bci niematerialnych  134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 57 Nota 9.8  Zysk ze zbycia jednostek zale\u017cnych  180 - Otrzymane dotacje pa\u0144stwowe   19 24 Przychody z obs\u0142ugi akredytyw, gwarancji  28 66 Otrzymane odszkodowania, kary, grzywny  66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - 39 Pozosta\u0142e  114 95 Pozosta\u0142e przychody operacyjne razem 1 881 1 757 Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 490) ( 768)     wycena ( 116) ( 141)     realizacja  ( 374) ( 627) Nota 4.4  Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych ( 58) ( 39) Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38) Utworzenie rezerw ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 26) - Darowizny przekazane ( 55) ( 33) Pozosta\u0142e ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne  962 711 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "Nota 4.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego:  270 383     wycena   109 208     realizacja   161 175 Przychody z tytu\u0142u odsetek obliczone z zastosowaniem metody efektywnej stopy procentowej  54 1 Nota 7.1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie  949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie - 2 Nota 4.4  Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  5 27 Rozwi\u0105zanie rezerw   62 34 Zysk ze zbycia warto\u015bci niematerialnych  134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 57 Nota 9.8  Zysk ze zbycia jednostek zale\u017cnych  180 - Otrzymane dotacje pa\u0144stwowe   19 24 Przychody z obs\u0142ugi akredytyw, gwarancji  28 66 Otrzymane odszkodowania, kary, grzywny  66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - 39 Pozosta\u0142e  114 95 Pozosta\u0142e przychody operacyjne razem 1 881 1 757 Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 490) ( 768)     wycena ( 116) ( 141)     realizacja  ( 374) ( 627) Nota 4.4  Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych ( 58) ( 39) Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38) Utworzenie rezerw ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 26) - Darowizny przekazane ( 55) ( 33) Pozosta\u0142e ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne  962 711 Nota 4.3 Przychody i (koszty) finansowe od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  18 - Przychody finansowe razem  148 70 Nota 7.1 Odsetki od zad\u0142u\u017cenia, w tym: ( 18) ( 94)   z tytu\u0142u leasingu ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek ( 29) ( 25) Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 149) ( 80)     wycena  - ( 1)     realizacja  ( 149) ( 79) Nota 7.1 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144 z tytu\u0142u zad\u0142u\u017cenia ( 179) ( 299) Pozosta\u0142e ( 24) ( 28) Koszty finansowe razem ( 420) ( 541) Przychody i (koszty) finansowe ( 272) ( 471) ",
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   "value": "Nota 4.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego:  270 383     wycena   109 208     realizacja   161 175 Przychody z tytu\u0142u odsetek obliczone z zastosowaniem metody efektywnej stopy procentowej  54 1 Nota 7.1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie  949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie - 2 Nota 4.4  Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  5 27 Rozwi\u0105zanie rezerw   62 34 Zysk ze zbycia warto\u015bci niematerialnych  134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 57 Nota 9.8  Zysk ze zbycia jednostek zale\u017cnych  180 - Otrzymane dotacje pa\u0144stwowe   19 24 Przychody z obs\u0142ugi akredytyw, gwarancji  28 66 Otrzymane odszkodowania, kary, grzywny  66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - 39 Pozosta\u0142e  114 95 Pozosta\u0142e przychody operacyjne razem 1 881 1 757 Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 490) ( 768)     wycena ( 116) ( 141)     realizacja  ( 374) ( 627) Nota 4.4  Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych ( 58) ( 39) Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38) Utworzenie rezerw ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 26) - Darowizny przekazane ( 55) ( 33) Pozosta\u0142e ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne  962 711 ",
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   "value": "Nota 4.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego:  270 383     wycena   109 208     realizacja   161 175 Przychody z tytu\u0142u odsetek obliczone z zastosowaniem metody efektywnej stopy procentowej  54 1 Nota 7.1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie  949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie - 2 Nota 4.4  Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  5 27 Rozwi\u0105zanie rezerw   62 34 Zysk ze zbycia warto\u015bci niematerialnych  134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 57 Nota 9.8  Zysk ze zbycia jednostek zale\u017cnych  180 - Otrzymane dotacje pa\u0144stwowe   19 24 Przychody z obs\u0142ugi akredytyw, gwarancji  28 66 Otrzymane odszkodowania, kary, grzywny  66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - 39 Pozosta\u0142e  114 95 Pozosta\u0142e przychody operacyjne razem 1 881 1 757 Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 490) ( 768)     wycena ( 116) ( 141)     realizacja  ( 374) ( 627) Nota 4.4  Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych ( 58) ( 39) Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38) Utworzenie rezerw ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 26) - Darowizny przekazane ( 55) ( 33) Pozosta\u0142e ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne  962 711 ",
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   "value": "Nota 4.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego:  270 383     wycena   109 208     realizacja   161 175 Przychody z tytu\u0142u odsetek obliczone z zastosowaniem metody efektywnej stopy procentowej  54 1 Nota 7.1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie  949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie - 2 Nota 4.4  Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  5 27 Rozwi\u0105zanie rezerw   62 34 Zysk ze zbycia warto\u015bci niematerialnych  134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 57 Nota 9.8  Zysk ze zbycia jednostek zale\u017cnych  180 - Otrzymane dotacje pa\u0144stwowe   19 24 Przychody z obs\u0142ugi akredytyw, gwarancji  28 66 Otrzymane odszkodowania, kary, grzywny  66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - 39 Pozosta\u0142e  114 95 Pozosta\u0142e przychody operacyjne razem 1 881 1 757 Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 490) ( 768)     wycena ( 116) ( 141)     realizacja  ( 374) ( 627) Nota 4.4  Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych ( 58) ( 39) Nota 4.4 Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 64) ( 38) Utworzenie rezerw ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 26) - Darowizny przekazane ( 55) ( 33) Pozosta\u0142e ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne  962 711 ",
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  "fact-374": {
   "value": "Nota 4.3 Przychody i (koszty) finansowe od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  18 - Przychody finansowe razem  148 70 Nota 7.1 Odsetki od zad\u0142u\u017cenia, w tym: ( 18) ( 94)   z tytu\u0142u leasingu ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek ( 29) ( 25) Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 149) ( 80)     wycena  - ( 1)     realizacja  ( 149) ( 79) Nota 7.1 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144 z tytu\u0142u zad\u0142u\u017cenia ( 179) ( 299) Pozosta\u0142e ( 24) ( 28) Koszty finansowe razem ( 420) ( 541) Przychody i (koszty) finansowe ( 272) ( 471) ",
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  "fact-490": {
   "value": "Nota 4.3 Przychody i (koszty) finansowe od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  18 - Przychody finansowe razem  148 70 Nota 7.1 Odsetki od zad\u0142u\u017cenia, w tym: ( 18) ( 94)   z tytu\u0142u leasingu ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek ( 29) ( 25) Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 149) ( 80)     wycena  - ( 1)     realizacja  ( 149) ( 79) Nota 7.1 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144 z tytu\u0142u zad\u0142u\u017cenia ( 179) ( 299) Pozosta\u0142e ( 24) ( 28) Koszty finansowe razem ( 420) ( 541) Przychody i (koszty) finansowe ( 272) ( 471) Nota 9.5 Aktywowane koszty finansowania zewn\u0119trznego W okresie od 1 stycznia 2022 r. do 31 grudnia 2022 r. Grupa uj\u0119\u0142a w aktywach rzeczowych i niematerialnych 228 mln PLN koszt\u00f3w finansowania zewn\u0119trznego. W okresie od 1 stycznia 2021 r. do 31 grudnia 2021 r. Grupa uj\u0119\u0142a w aktywach rzeczowych i niematerialnych 173 mln PLN koszt\u00f3w finansowania zewn\u0119trznego. Stopa kapitalizacji zastosowana przez Grup\u0119 do ustalenia koszt\u00f3w finansowania zewn\u0119trznego za 2022 r. wynios\u0142a 4,45%, za 2021 r. 2,98%. ",
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    "entity": "scheme:G30CO71KTT9JDYJESN22",
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  "fact-457": {
   "value": "Nota 4.3 Przychody i (koszty) finansowe od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  18 - Przychody finansowe razem  148 70 Nota 7.1 Odsetki od zad\u0142u\u017cenia, w tym: ( 18) ( 94)   z tytu\u0142u leasingu ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek ( 29) ( 25) Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 149) ( 80)     wycena  - ( 1)     realizacja  ( 149) ( 79) Nota 7.1 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144 z tytu\u0142u zad\u0142u\u017cenia ( 179) ( 299) Pozosta\u0142e ( 24) ( 28) Koszty finansowe razem ( 420) ( 541) Przychody i (koszty) finansowe ( 272) ( 471) ",
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   "value": "Nota 4.3 Przychody i (koszty) finansowe od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  18 - Przychody finansowe razem  148 70 Nota 7.1 Odsetki od zad\u0142u\u017cenia, w tym: ( 18) ( 94)   z tytu\u0142u leasingu ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek ( 29) ( 25) Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 149) ( 80)     wycena  - ( 1)     realizacja  ( 149) ( 79) Nota 7.1 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144 z tytu\u0142u zad\u0142u\u017cenia ( 179) ( 299) Pozosta\u0142e ( 24) ( 28) Koszty finansowe razem ( 420) ( 541) Przychody i (koszty) finansowe ( 272) ( 471) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
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   "value": "Nota 4.3 Przychody i (koszty) finansowe od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 7.1 Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  18 - Przychody finansowe razem  148 70 Nota 7.1 Odsetki od zad\u0142u\u017cenia, w tym: ( 18) ( 94)   z tytu\u0142u leasingu ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek ( 29) ( 25) Nota 7.1 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 149) ( 80)     wycena  - ( 1)     realizacja  ( 149) ( 79) Nota 7.1 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144 z tytu\u0142u zad\u0142u\u017cenia ( 179) ( 299) Pozosta\u0142e ( 24) ( 28) Koszty finansowe razem ( 420) ( 541) Przychody i (koszty) finansowe ( 272) ( 471) ",
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  "fact-375": {
   "value": "Cz\u0119\u015b\u0107 5 - Opodatkowanie Nota 5.1 Podatek dochodowy w skonsolidowanym sprawozdaniu z wyniku Zasady rachunkowo\u015bci Podatek dochodowy uj\u0119ty w wyniku finansowym obejmuje podatek bie\u017c\u0105cy oraz podatek odroczony. Podatek bie\u017c\u0105cy wyliczany jest zgodnie z aktualnym prawem podatkowym.  W dniu 6 pa\u017adziernika 2021 r. podpisano umow\u0119 przed\u0142u\u017caj\u0105c\u0105 okres funkcjonowania Podatkowej Grupy Kapita\u0142owej \u201ePGK KGHM  II\u201d  na  3  kolejne  lata  podatkowe,  tj.  od  2022  r.  do  2024  r.  Jest  to  druga  Podatkowa  Grupa  Kapita\u0142owa  utworzona w ramach Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. Podatkowa Grupa Kapita\u0142owa \u201ePGK KGHM I\u201d funkcjonowa\u0142a w latach 2016-2018.  Realne  korzy\u015bci  odnotowane  w  okresie  funkcjonowania  pierwszej   PGK  KGHM,  w  tym  mo\u017cliwo\u015b\u0107  bie\u017c\u0105cego wykorzystywania  strat  generowanych  przez  cz\u0119\u015b\u0107  sp\u00f3\u0142ek  wchodz\u0105cych  w  sk\u0142ad  PGK  do  rozliczania  ich  z  dochodami pozosta\u0142ych  sp\u00f3\u0142ek oraz  pozytywny  wynik  analizy  sp\u00f3\u0142ek z  Grupy  pod  k\u0105tem  spe\u0142nienia  przes\u0142anek  wskazanych  w ustawie o podatku dochodowym od os\u00f3b prawnych stanowi\u0142y podstaw\u0119 do  utworzenia nowej podatkowej grupy kapita\u0142owej \u2013 PGK KGHM II. W sk\u0142ad PGK KGHM II wchodz\u0105:  1)      KGHM Polska Mied\u017a S.A. 2)      Energetyka sp. z o.o. 3)      Zag\u0142\u0119bie Lubin S.A. 4)      Miedziowe Centrum Zdrowia S.A. 5)      KGHM CUPRUM sp. z o.o. \u2013 Centrum Badawczo-Rozwojowe 6)      INOVA Centrum Innowacji Technicznych sp. z o.o. 7)      PeBeKa S.A. 8)      KGHM ZANAM S.A. 9)      POL-MIED\u0179 TRANS Sp. z o.o.      10)   Mercus Logistyka sp. z o.o. 11)   KGHM Metraco S.A. 12)   Sp\u00f3\u0142ki celowe: Future 1 Sp. z o.o., Future 3 Sp. z o.o., Future 4 Sp. z o.o., Future 5 Sp. z o.o.  13)   KGHM Centrum Analityki Sp. z o.o. 14)   Centrum Bada\u0144 Jako\u015bci Sp. z o.o. 15)   BIPROMET S.A. Podatek dochodowy od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Podatek bie\u017c\u0105cy 1 369 1 564 Nota 5.1.1 Podatek odroczony   315 124 Korekty podatku za poprzednie okresy  31 ( 19) Podatek dochodowy 1 715 1 669 Jednostki  Grupy  Kapita\u0142owej  zap\u0142aci\u0142y  w  2022  r.  do  w\u0142a\u015bciwych  urz\u0119d\u00f3w  skarbowych  podatek  dochodowy  w  wysoko\u015bci  1 696 mln PLN (w 2021 r. 740 mln PLN). W  tabeli  poni\u017cej  zaprezentowano  identyfikacj\u0119  r\u00f3\u017cnic  pomi\u0119dzy  podatkiem  dochodowym  od  zysku  przed  opodatkowaniem Grupy a podatkiem dochodowym, jaki mo\u017cna uzyska\u0107 stosuj\u0105c stawk\u0119 wynikaj\u0105c\u0105 z miejsca rozliczania podatku przez Jednostk\u0119 Dominuj\u0105c\u0105: Uzgodnienie efektywnej stawki podatkowej od 01.01.2022  do 31.12.2022 od 01.01.2021  do 31.12.2021 Zysk przed opodatkowaniem (brutto) 6 489 7 824 Podatek wyliczony wg stawki Jednostki Dominuj\u0105cej (2022: 19 %, 2021: 19%) 1 233 1 487 Skutek stosowania innych stawek podatkowych za granic\u0105 ( 26) 118 Efekty podatkowe przychod\u00f3w ksi\u0119gowych, kt\u00f3re nie podlegaj\u0105 opodatkowaniu ( 6) ( 19) Efekty podatkowe koszt\u00f3w ksi\u0119gowych, kt\u00f3re nie stanowi\u0105 koszt\u00f3w uzyskania przychod\u00f3w, w tym:  713 798 podatek od wydobyci a niekt\u00f3rych kopalin       niestanowi\u0105cy koszt\u00f3w uzyskania przychod\u00f3w  600 674 Ujemne r\u00f3\u017cnice przej\u015bciowe, od kt\u00f3rych nie rozpoznano aktyw\u00f3w z tytu\u0142u podatku dochodowego  2 10 Wykorzystanie w okresie uprzednio nierozpoznanych strat podatkowych ( 287) ( 590) Korekty bie\u017c\u0105cego podatku dochodowego za poprzednie okresy  31 ( 19) Straty i ulgi w okresie, od kt\u00f3rych nie rozpoznano aktyw\u00f3w z tytu\u0142u podatku odroczonego  160 5 Podatek odroczony od wyeliminowanych odsetek od po\u017cyczek wewn\u0105trz Grupy Kapita\u0142owej ( 81) ( 92) Pozosta\u0142e ( 24) ( 29) Podatek dochodowy w wyniku finansowym [efektywna stawka wynios\u0142a 26,4% zysku brutto  (w roku 2021: 21,3% zysku brutto)] 1 715 1 669 W Polsce organy skarbowe posiadaj\u0105 prawo kontroli deklaracji podatkowych przez okres pi\u0119ciu lat, jednak sp\u00f3\u0142ki mog\u0105 w tym okresie dokonywa\u0107 kompensat nale\u017cno\u015bci podatkowych z zobowi\u0105zaniami podatkowymi stanowi\u0105cymi doch\u00f3d Skarbu Pa\u0144stwa (w tym z tytu\u0142u bie\u017c\u0105cego podatku dochodowego). W Kanadzie deklaracje podatkowe mog\u0105 zosta\u0107 poddane weryfikacji przez okres trzech lat bez prawa kompensaty nale\u017cno\u015bci z zobowi\u0105zaniami z tytu\u0142u bie\u017c\u0105cego podatku dochodowego. Nota 5.1.1 Odroczony podatek dochodowy Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Odroczony  podatek  dochodowy  ustala  si\u0119  przy  zastosowaniu  stawek i  przepis\u00f3w  podatkowych,  kt\u00f3re  wed\u0142ug  przewidywa\u0144  b\u0119d\u0105 obowi\u0105zywa\u0107  wtedy,  gdy  sk\u0142adnik  aktyw\u00f3w  zostanie  zrealizowany a  zobowi\u0105zanie  rozliczone,  przyjmuj\u0105c  za  podstaw\u0119  stawki  i  przepisy podatkowe,  kt\u00f3re  obowi\u0105zywa\u0142y  prawnie  lub  faktycznie  na  koniec okresu sprawozdawczego. Zobowi\u0105zania  i  aktywa  z  tytu\u0142u  odroczonego  podatku  dochodowego tworzone  s\u0105  od  r\u00f3\u017cnic  przej\u015bciowych  pomi\u0119dzy  warto\u015bci\u0105  podatkow\u0105 aktyw\u00f3w  i  zobowi\u0105za\u0144,  a  ich  warto\u015bci\u0105  bilansow\u0105  w  sprawozdaniu finansowym,  za  wyj\u0105tkiem  r\u00f3\u017cnic  przej\u015bciowych  wynikaj\u0105cych z  pocz\u0105tkowego  uj\u0119cia  aktywa  lub  zobowi\u0105zania  w  transakcji niestanowi\u0105cej  po\u0142\u0105czenia  przedsi\u0119wzi\u0119\u0107,  kt\u00f3ra  w  momencie  jej przeprowadzenia, nie wp\u0142ywa na wynik finansowy brutto ani na zysk do opodatkowania (strat\u0119 podatkow\u0105). Aktywa z tytu\u0142u odroczonego podatku dochodowego ujmuje si\u0119, je\u017celi jest  prawdopodobne,  \u017ce  w  przysz\u0142o\u015bci  osi\u0105gni\u0119ty  zostanie  doch\u00f3d do opodatkowania,  kt\u00f3ry  umo\u017cliwi  potr\u0105cenie  r\u00f3\u017cnic  przej\u015bciowych lub wykorzystanie strat podatkowych. Kompensaty  aktyw\u00f3w  i  zobowi\u0105za\u0144  z  tytu\u0142u  podatku  odroczonego dokonuje si\u0119, gdy sp\u00f3\u0142ka posiada mo\u017cliwy do wyegzekwowania tytu\u0142 do przeprowadzenia  kompensaty  nale\u017cno\u015bci  i  zobowi\u0105za\u0144  z  tytu\u0142u bie\u017c\u0105cego  podatku  dochodowego  oraz,  gdy  aktywa  i  zobowi\u0105zania z  tytu\u0142u  podatku  odroczonego  dotycz\u0105  podatku  dochodowego na\u0142o\u017conego przez t\u0119 sam\u0105 w\u0142adz\u0119 podatkow\u0105. Ocena  prawdopodobie\u0144stwa  realizacji  aktyw\u00f3w z  tytu\u0142u  odroczonego  podatku  dochodowego z  przysz\u0142ymi  zyskami  podatkowymi  opiera  si\u0119  na bud\u017cetach sp\u00f3\u0142ek Grupy Kapita\u0142owej. Sp\u00f3\u0142ki Grupy Kapita\u0142owej uj\u0119\u0142y w ksi\u0119gach rachunkowych aktywa z  tytu\u0142u  odroczonego  podatku  dochodowego  do wysoko\u015bci,  do  kt\u00f3rej  jest  prawdopodobne, i\u017c osi\u0105gn\u0105 zysk do opodatkowania, kt\u00f3ry pozwoli na potr\u0105cenie ujemnych r\u00f3\u017cnic przej\u015bciowych. Sp\u00f3\u0142ki  Grupy  Kapita\u0142owej,  kt\u00f3re  historycznie generowa\u0142y  straty  i  kt\u00f3rych  projekcje  finansowe nie przewiduj\u0105 osi\u0105gni\u0119cia zysku do opodatkowania umo\u017cliwiaj\u0105cego  potr\u0105cenie  ujemnych  r\u00f3\u017cnic przej\u015bciowych, nie rozpoznaj\u0105  w  swoich  ksi\u0119gach rachunkowych  aktyw\u00f3w  z tytu\u0142u  odroczonego podatku dochodowego. od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Odroczony podatek dochodowy netto na pocz\u0105tek okresu, z tego:   ( 458) ( 249) Aktywa z tytu\u0142u odroczonego podatku dochodowego     185 193 Zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego    ( 643) ( 442) Odroczony podatek dochodowy w okresie:   ( 533) ( 186) Uj\u0119ty w wyniku finansowym   ( 315) ( 124) Uj\u0119ty w pozosta\u0142ych ca\u0142kowitych dochodach   ( 218) ( 62) R\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowego sprawozda\u0144 jednostek o walucie funkcjonalnej innej ni\u017c PLN ( 23) ( 23) Odroczony podatek dochodowy netto na koniec okresu, z tego:   (1 014) ( 458) Aktywa z tytu\u0142u odroczonego podatku dochodowego    137 185 Zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego   (1 151) ( 643) Aktywa z tytu\u0142u odroczonego podatku dochodowego (aktywa z tyt.  odroczonego podatku dochodowego przed dokonaniem kompensaty z zobowi\u0105zaniami z tyt. odroczonego podatku dochodowego na poziomie poszczeg\u00f3lnych sp\u00f3\u0142ek wchodz\u0105cych w sk\u0142ad Grupy Kapita\u0142owej) Stan na 31.12.2020 Uznanie/(Obci\u0105\u017cenie) Stan na 31.12.2021Uznanie/(Obci\u0105\u017cenie) Stan na 31.12.2022 wynik finansowypozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLN wynik finansowypozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLNzmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymiRezerwa na likwidacj\u0119 kopal\u0144 i innych obiekt\u00f3w technologicznych  253  ( 63)-   1 191 1- 2- 194Wycena transakcji terminowych innych ni\u017c instrumenty zabezpieczaj\u0105ce  36   35-  - 71( 27)--- 44R\u00f3\u017cnica pomi\u0119dzy ksi\u0119gowymi  i podatkowymi stawkami amortyzacyjnymi rzeczowych aktyw\u00f3w trwa\u0142ych  93  ( 5)-  - 88 7--- 95Zobowi\u0105zania na przysz\u0142e \u015bwiadczenia pracownicze  600  ( 3)( 132)  - 465- 80-- 545Instrumenty kapita\u0142owe wyceniane  w warto\u015bci godziwej  104  --  - 104- 19-- 123Zobowi\u0105zania z tytu\u0142u leasingu      61   14-  - 75 19-- 94Odsetki naliczone niezap\u0142acone od kredyt\u00f3w i po\u017cyczek     197   24-   14 235 45- 17- 297Odpisy /odwr\u00f3cenia odpis\u00f3w aktualizuj\u0105ce warto\u015b\u0107 aktyw\u00f3w     83  ( 25)-  - 58( 17)--( 1) 40Kr\u00f3tkookresowe rezerwy z tytu\u0142u wynagrodze\u0144      96   17-  - 113 12--- 125Aktualizacja wyceny instrument\u00f3w zabezpieczaj\u0105cych      235  - 70  - 305-( 292)-- 13Zobowi\u0105zanie z tyt. op\u0142aty sta\u0142ej z ust. u\u017cytkowania g\u00f3rniczego     30   5-  - 35---- 35\u015awiadczenia na rzecz pracownik\u00f3w (urlopy)      13  --  - 13---- 13Niewyp\u0142acone wynagrodzenia z narzutami      24  --  - 24 3--- 27Pozosta\u0142e  172   42-  - 214( 11)-( 4) 199Razem 1 997   41( 62)   151 991 32( 193) 19( 5)1 844Zobowi\u0105zania  z  tytu\u0142u  odroczonego  podatku  dochodowego  (zobowi\u0105zania  z  tyt.  odroczonego  podatku  dochodowego  przed  dokonaniem  kompensaty  z  aktywami  z  tyt.  odroczonego podatku dochodowego na poziomie poszczeg\u00f3lnych sp\u00f3\u0142ek wchodz\u0105cych w sk\u0142ad Grupy Kapita\u0142owej) Stan na 31.12.2020 (Uznanie) / Obci\u0105\u017cenie Stan na 31.12.2021(Uznanie) / Obci\u0105\u017cenie Stan na 31.12.2022 wynik finansowyr\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLN wynik finansowy   pozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLNzmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymiWycena transakcji terminowych innych ni\u017c instrumenty zabezpieczaj\u0105ce  35   15- 50( 9)  -  -- 41R\u00f3\u017cnica pomi\u0119dzy ksi\u0119gowymi  i podatkowymi stawkami amortyzacyjnymi, w tym: 1 514   122 231 659 159  -   26( 4)1 840    dotycz\u0105ca amortyzacji prawa do u\u017cytkowania   60   11- 71 18  -  -- 89Odsetki naliczone niezap\u0142acone od po\u017cyczek  470   17 17 504 119  -   20- 643Aktualizacja wyceny instrument\u00f3w zabezpieczaj\u0105cych -  ----   25  -- 25Instrumenty kapita\u0142owe wyceniane  w warto\u015bci godziwej  37   54- 91( 7)  -  -- 84Pozosta\u0142e  190  ( 43)( 2) 145 85  -  ( 4)( 1) 225Razem 2 246   165 382 449 347   25   42( 5)2 858Terminy realizacji aktyw\u00f3w i zobowi\u0105za\u0144 z tytu\u0142u odroczonego podatku dochodowego by\u0142y nast\u0119puj\u0105ce: Aktywa z tytu\u0142u odroczonego podatku dochodowego Zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego Stan na 31.12.2022 Stan na 31.12.2021 Stan na 31.12.2022 Stan na 31.12.2021 O okresie realizacji d\u0142u\u017cszym ni\u017c 12 miesi\u0119cy od zako\u0144czenia okresu sprawozdawczego  31 86 (1 238) ( 996) O okresie realizacji do 12 miesi\u0119cy  od zako\u0144czenia okresu sprawozdawczego  106 99 87 353 Razem  137 185 (1 151) ( 643) Daty  wyga\u015bni\u0119cia  niewykorzystanych  strat  i  ulg  podatkowych,  od  kt\u00f3rych  nie  uj\u0119to  aktywa  z  tytu\u0142u  podatku  odroczonego  w poszczeg\u00f3lnych krajach zosta\u0142y ujawnione w poni\u017cszej tabeli: Stan na 31.12.2022 Stan na 31.12.2021 Niewyko- rzystane straty podatkowe Data wyga\u015b- ni\u0119cia Niewyko- rzystane ulgi podatkowe Data wyga\u015b- ni\u0119cia Niewyko- rzystane straty podatkowe Data wyga\u015b- ni\u0119cia Niewyko- rzystane ulgi podatkowe Data wyga\u015b- ni\u0119cia Luksemburg  158 nieokre\u015blony - - 333 nieokre\u015blony - - 520 2036-2037 - - 1 359 2034-2037 - - Chile  91 nieokre\u015blony - - 1 056 nieokre\u015blony - - Kanada 1 602 2026-2042 60 2030-2039 1 443 2026-2040  42 2030-2039 Pozosta\u0142e  16 2025 - - 17 2025 - - Razem 2 387 60 4 208 42 Na  dzie\u0144  31  grudnia  2022  r.  Grupa  nie  uj\u0119\u0142a  aktywa  z  tytu\u0142u  odroczonego  podatku  dochodowego  od  ujemnych  r\u00f3\u017cnic przej\u015bciowych w kwocie 3 022 mln PLN (2 704 mln PLN na dzie\u0144 31 grudnia 2021r.), poniewa\u017c jest ma\u0142o prawdopodobne, \u017ce odwr\u00f3c\u0105 si\u0119 one w daj\u0105cej si\u0119 przewidzie\u0107 przysz\u0142o\u015bci oraz zostanie osi\u0105gni\u0119ty doch\u00f3d do opodatkowania, od kt\u00f3rego b\u0119dzie mo\u017cna je odpisa\u0107. Na  dzie\u0144  31  grudnia  2022  r.  na  poziomie  skonsolidowanego  sprawozdania  finansowego  nie  uj\u0119to  zobowi\u0105zania  z  tytu\u0142u odroczonego  podatku  dochodowego  od dodatnich  r\u00f3\u017cnic  przej\u015bciowych  w  kwocie  1  076  mln  PLN  (962  mln  PLN  na  dzie\u0144 31 grudnia 2021  r.)  zwi\u0105zanych  z  inwestycjami  w  jednostki  zale\u017cne  i udzia\u0142ami  we  wsp\u00f3lnych przedsi\u0119wzi\u0119ciach, poniewa\u017c spe\u0142nione zosta\u0142y warunki zdefiniowane w MSR 12.39. W tabelach poni\u017cej zaprezentowano aktywa i zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego przed dokonaniem ich kompensaty na poziomie poszczeg\u00f3lnych sp\u00f3\u0142ek wchodz\u0105cych w sk\u0142ad Grupy Kapita\u0142owej.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-437": {
   "value": "Zasady rachunkowo\u015bci Podatek dochodowy uj\u0119ty w wyniku finansowym obejmuje podatek bie\u017c\u0105cy oraz podatek odroczony. Podatek bie\u017c\u0105cy wyliczany jest zgodnie z aktualnym prawem podatkowym.  W dniu 6 pa\u017adziernika 2021 r. podpisano umow\u0119 przed\u0142u\u017caj\u0105c\u0105 okres funkcjonowania Podatkowej Grupy Kapita\u0142owej \u201ePGK KGHM  II\u201d  na  3  kolejne  lata  podatkowe,  tj.  od  2022  r.  do  2024  r.  Jest  to  druga  Podatkowa  Grupa  Kapita\u0142owa  utworzona w ramach Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. Podatkowa Grupa Kapita\u0142owa \u201ePGK KGHM I\u201d funkcjonowa\u0142a w latach 2016-2018.  Realne  korzy\u015bci  odnotowane  w  okresie  funkcjonowania  pierwszej   PGK  KGHM,  w  tym  mo\u017cliwo\u015b\u0107  bie\u017c\u0105cego wykorzystywania  strat  generowanych  przez  cz\u0119\u015b\u0107  sp\u00f3\u0142ek  wchodz\u0105cych  w  sk\u0142ad  PGK  do  rozliczania  ich  z  dochodami pozosta\u0142ych  sp\u00f3\u0142ek oraz  pozytywny  wynik  analizy  sp\u00f3\u0142ek z  Grupy  pod  k\u0105tem  spe\u0142nienia  przes\u0142anek  wskazanych  w ustawie o podatku dochodowym od os\u00f3b prawnych stanowi\u0142y podstaw\u0119 do  utworzenia nowej podatkowej grupy kapita\u0142owej \u2013 PGK KGHM II. W sk\u0142ad PGK KGHM II wchodz\u0105:  1)      KGHM Polska Mied\u017a S.A. 2)      Energetyka sp. z o.o. 3)      Zag\u0142\u0119bie Lubin S.A. 4)      Miedziowe Centrum Zdrowia S.A. 5)      KGHM CUPRUM sp. z o.o. \u2013 Centrum Badawczo-Rozwojowe 6)      INOVA Centrum Innowacji Technicznych sp. z o.o. 7)      PeBeKa S.A. 8)      KGHM ZANAM S.A. 9)      POL-MIED\u0179 TRANS Sp. z o.o.      10)   Mercus Logistyka sp. z o.o. 11)   KGHM Metraco S.A. 12)   Sp\u00f3\u0142ki celowe: Future 1 Sp. z o.o., Future 3 Sp. z o.o., Future 4 Sp. z o.o., Future 5 Sp. z o.o.  13)   KGHM Centrum Analityki Sp. z o.o. 14)   Centrum Bada\u0144 Jako\u015bci Sp. z o.o. 15)   BIPROMET S.A. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Odroczony  podatek  dochodowy  ustala  si\u0119  przy  zastosowaniu  stawek i  przepis\u00f3w  podatkowych,  kt\u00f3re  wed\u0142ug  przewidywa\u0144  b\u0119d\u0105 obowi\u0105zywa\u0107  wtedy,  gdy  sk\u0142adnik  aktyw\u00f3w  zostanie  zrealizowany a  zobowi\u0105zanie  rozliczone,  przyjmuj\u0105c  za  podstaw\u0119  stawki  i  przepisy podatkowe,  kt\u00f3re  obowi\u0105zywa\u0142y  prawnie  lub  faktycznie  na  koniec okresu sprawozdawczego. Zobowi\u0105zania  i  aktywa  z  tytu\u0142u  odroczonego  podatku  dochodowego tworzone  s\u0105  od  r\u00f3\u017cnic  przej\u015bciowych  pomi\u0119dzy  warto\u015bci\u0105  podatkow\u0105 aktyw\u00f3w  i  zobowi\u0105za\u0144,  a  ich  warto\u015bci\u0105  bilansow\u0105  w  sprawozdaniu finansowym,  za  wyj\u0105tkiem  r\u00f3\u017cnic  przej\u015bciowych  wynikaj\u0105cych z  pocz\u0105tkowego  uj\u0119cia  aktywa  lub  zobowi\u0105zania  w  transakcji niestanowi\u0105cej  po\u0142\u0105czenia  przedsi\u0119wzi\u0119\u0107,  kt\u00f3ra  w  momencie  jej przeprowadzenia, nie wp\u0142ywa na wynik finansowy brutto ani na zysk do opodatkowania (strat\u0119 podatkow\u0105). Aktywa z tytu\u0142u odroczonego podatku dochodowego ujmuje si\u0119, je\u017celi jest  prawdopodobne,  \u017ce  w  przysz\u0142o\u015bci  osi\u0105gni\u0119ty  zostanie  doch\u00f3d do opodatkowania,  kt\u00f3ry  umo\u017cliwi  potr\u0105cenie  r\u00f3\u017cnic  przej\u015bciowych lub wykorzystanie strat podatkowych. Kompensaty  aktyw\u00f3w  i  zobowi\u0105za\u0144  z  tytu\u0142u  podatku  odroczonego dokonuje si\u0119, gdy sp\u00f3\u0142ka posiada mo\u017cliwy do wyegzekwowania tytu\u0142 do przeprowadzenia  kompensaty  nale\u017cno\u015bci  i  zobowi\u0105za\u0144  z  tytu\u0142u bie\u017c\u0105cego  podatku  dochodowego  oraz,  gdy  aktywa  i  zobowi\u0105zania z  tytu\u0142u  podatku  odroczonego  dotycz\u0105  podatku  dochodowego na\u0142o\u017conego przez t\u0119 sam\u0105 w\u0142adz\u0119 podatkow\u0105. Ocena  prawdopodobie\u0144stwa  realizacji  aktyw\u00f3w z  tytu\u0142u  odroczonego  podatku  dochodowego z  przysz\u0142ymi  zyskami  podatkowymi  opiera  si\u0119  na bud\u017cetach sp\u00f3\u0142ek Grupy Kapita\u0142owej. Sp\u00f3\u0142ki Grupy Kapita\u0142owej uj\u0119\u0142y w ksi\u0119gach rachunkowych aktywa z  tytu\u0142u  odroczonego  podatku  dochodowego  do wysoko\u015bci,  do  kt\u00f3rej  jest  prawdopodobne, i\u017c osi\u0105gn\u0105 zysk do opodatkowania, kt\u00f3ry pozwoli na potr\u0105cenie ujemnych r\u00f3\u017cnic przej\u015bciowych. Sp\u00f3\u0142ki  Grupy  Kapita\u0142owej,  kt\u00f3re  historycznie generowa\u0142y  straty  i  kt\u00f3rych  projekcje  finansowe nie przewiduj\u0105 osi\u0105gni\u0119cia zysku do opodatkowania umo\u017cliwiaj\u0105cego  potr\u0105cenie  ujemnych  r\u00f3\u017cnic przej\u015bciowych, nie rozpoznaj\u0105  w  swoich  ksi\u0119gach rachunkowych  aktyw\u00f3w  z tytu\u0142u  odroczonego podatku dochodowego. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-438": {
   "value": "Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Odroczony  podatek  dochodowy  ustala  si\u0119  przy  zastosowaniu  stawek i  przepis\u00f3w  podatkowych,  kt\u00f3re  wed\u0142ug  przewidywa\u0144  b\u0119d\u0105 obowi\u0105zywa\u0107  wtedy,  gdy  sk\u0142adnik  aktyw\u00f3w  zostanie  zrealizowany a  zobowi\u0105zanie  rozliczone,  przyjmuj\u0105c  za  podstaw\u0119  stawki  i  przepisy podatkowe,  kt\u00f3re  obowi\u0105zywa\u0142y  prawnie  lub  faktycznie  na  koniec okresu sprawozdawczego. Zobowi\u0105zania  i  aktywa  z  tytu\u0142u  odroczonego  podatku  dochodowego tworzone  s\u0105  od  r\u00f3\u017cnic  przej\u015bciowych  pomi\u0119dzy  warto\u015bci\u0105  podatkow\u0105 aktyw\u00f3w  i  zobowi\u0105za\u0144,  a  ich  warto\u015bci\u0105  bilansow\u0105  w  sprawozdaniu finansowym,  za  wyj\u0105tkiem  r\u00f3\u017cnic  przej\u015bciowych  wynikaj\u0105cych z  pocz\u0105tkowego  uj\u0119cia  aktywa  lub  zobowi\u0105zania  w  transakcji niestanowi\u0105cej  po\u0142\u0105czenia  przedsi\u0119wzi\u0119\u0107,  kt\u00f3ra  w  momencie  jej przeprowadzenia, nie wp\u0142ywa na wynik finansowy brutto ani na zysk do opodatkowania (strat\u0119 podatkow\u0105). Aktywa z tytu\u0142u odroczonego podatku dochodowego ujmuje si\u0119, je\u017celi jest  prawdopodobne,  \u017ce  w  przysz\u0142o\u015bci  osi\u0105gni\u0119ty  zostanie  doch\u00f3d do opodatkowania,  kt\u00f3ry  umo\u017cliwi  potr\u0105cenie  r\u00f3\u017cnic  przej\u015bciowych lub wykorzystanie strat podatkowych. Kompensaty  aktyw\u00f3w  i  zobowi\u0105za\u0144  z  tytu\u0142u  podatku  odroczonego dokonuje si\u0119, gdy sp\u00f3\u0142ka posiada mo\u017cliwy do wyegzekwowania tytu\u0142 do przeprowadzenia  kompensaty  nale\u017cno\u015bci  i  zobowi\u0105za\u0144  z  tytu\u0142u bie\u017c\u0105cego  podatku  dochodowego  oraz,  gdy  aktywa  i  zobowi\u0105zania z  tytu\u0142u  podatku  odroczonego  dotycz\u0105  podatku  dochodowego na\u0142o\u017conego przez t\u0119 sam\u0105 w\u0142adz\u0119 podatkow\u0105. Ocena  prawdopodobie\u0144stwa  realizacji  aktyw\u00f3w z  tytu\u0142u  odroczonego  podatku  dochodowego z  przysz\u0142ymi  zyskami  podatkowymi  opiera  si\u0119  na bud\u017cetach sp\u00f3\u0142ek Grupy Kapita\u0142owej. Sp\u00f3\u0142ki Grupy Kapita\u0142owej uj\u0119\u0142y w ksi\u0119gach rachunkowych aktywa z  tytu\u0142u  odroczonego  podatku  dochodowego  do wysoko\u015bci,  do  kt\u00f3rej  jest  prawdopodobne, i\u017c osi\u0105gn\u0105 zysk do opodatkowania, kt\u00f3ry pozwoli na potr\u0105cenie ujemnych r\u00f3\u017cnic przej\u015bciowych. Sp\u00f3\u0142ki  Grupy  Kapita\u0142owej,  kt\u00f3re  historycznie generowa\u0142y  straty  i  kt\u00f3rych  projekcje  finansowe nie przewiduj\u0105 osi\u0105gni\u0119cia zysku do opodatkowania umo\u017cliwiaj\u0105cego  potr\u0105cenie  ujemnych  r\u00f3\u017cnic przej\u015bciowych, nie rozpoznaj\u0105  w  swoich  ksi\u0119gach rachunkowych  aktyw\u00f3w  z tytu\u0142u  odroczonego podatku dochodowego. od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Odroczony podatek dochodowy netto na pocz\u0105tek okresu, z tego:   ( 458) ( 249) Aktywa z tytu\u0142u odroczonego podatku dochodowego     185 193 Zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego    ( 643) ( 442) Odroczony podatek dochodowy w okresie:   ( 533) ( 186) Uj\u0119ty w wyniku finansowym   ( 315) ( 124) Uj\u0119ty w pozosta\u0142ych ca\u0142kowitych dochodach   ( 218) ( 62) R\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowego sprawozda\u0144 jednostek o walucie funkcjonalnej innej ni\u017c PLN ( 23) ( 23) Odroczony podatek dochodowy netto na koniec okresu, z tego:   (1 014) ( 458) Aktywa z tytu\u0142u odroczonego podatku dochodowego    137 185 Zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego   (1 151) ( 643) Terminy realizacji aktyw\u00f3w i zobowi\u0105za\u0144 z tytu\u0142u odroczonego podatku dochodowego by\u0142y nast\u0119puj\u0105ce: Aktywa z tytu\u0142u odroczonego podatku dochodowego Zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego Stan na 31.12.2022 Stan na 31.12.2021 Stan na 31.12.2022 Stan na 31.12.2021 O okresie realizacji d\u0142u\u017cszym ni\u017c 12 miesi\u0119cy od zako\u0144czenia okresu sprawozdawczego  31 86 (1 238) ( 996) O okresie realizacji do 12 miesi\u0119cy  od zako\u0144czenia okresu sprawozdawczego  106 99 87 353 Razem  137 185 (1 151) ( 643) Daty  wyga\u015bni\u0119cia  niewykorzystanych  strat  i  ulg  podatkowych,  od  kt\u00f3rych  nie  uj\u0119to  aktywa  z  tytu\u0142u  podatku  odroczonego  w poszczeg\u00f3lnych krajach zosta\u0142y ujawnione w poni\u017cszej tabeli: Stan na 31.12.2022 Stan na 31.12.2021 Niewyko- rzystane straty podatkowe Data wyga\u015b- ni\u0119cia Niewyko- rzystane ulgi podatkowe Data wyga\u015b- ni\u0119cia Niewyko- rzystane straty podatkowe Data wyga\u015b- ni\u0119cia Niewyko- rzystane ulgi podatkowe Data wyga\u015b- ni\u0119cia Luksemburg  158 nieokre\u015blony - - 333 nieokre\u015blony - - 520 2036-2037 - - 1 359 2034-2037 - - Chile  91 nieokre\u015blony - - 1 056 nieokre\u015blony - - Kanada 1 602 2026-2042 60 2030-2039 1 443 2026-2040  42 2030-2039 Pozosta\u0142e  16 2025 - - 17 2025 - - Razem 2 387 60 4 208 42 Na  dzie\u0144  31  grudnia  2022  r.  Grupa  nie  uj\u0119\u0142a  aktywa  z  tytu\u0142u  odroczonego  podatku  dochodowego  od  ujemnych  r\u00f3\u017cnic przej\u015bciowych w kwocie 3 022 mln PLN (2 704 mln PLN na dzie\u0144 31 grudnia 2021r.), poniewa\u017c jest ma\u0142o prawdopodobne, \u017ce odwr\u00f3c\u0105 si\u0119 one w daj\u0105cej si\u0119 przewidzie\u0107 przysz\u0142o\u015bci oraz zostanie osi\u0105gni\u0119ty doch\u00f3d do opodatkowania, od kt\u00f3rego b\u0119dzie mo\u017cna je odpisa\u0107. Na  dzie\u0144  31  grudnia  2022  r.  na  poziomie  skonsolidowanego  sprawozdania  finansowego  nie  uj\u0119to  zobowi\u0105zania  z  tytu\u0142u odroczonego  podatku  dochodowego  od dodatnich  r\u00f3\u017cnic  przej\u015bciowych  w  kwocie  1  076  mln  PLN  (962  mln  PLN  na  dzie\u0144 31 grudnia 2021  r.)  zwi\u0105zanych  z  inwestycjami  w  jednostki  zale\u017cne  i udzia\u0142ami  we  wsp\u00f3lnych przedsi\u0119wzi\u0119ciach, poniewa\u017c spe\u0142nione zosta\u0142y warunki zdefiniowane w MSR 12.39. W tabelach poni\u017cej zaprezentowano aktywa i zobowi\u0105zania z tytu\u0142u odroczonego podatku dochodowego przed dokonaniem ich kompensaty na poziomie poszczeg\u00f3lnych sp\u00f3\u0142ek wchodz\u0105cych w sk\u0142ad Grupy Kapita\u0142owej.  Aktywa z tytu\u0142u odroczonego podatku dochodowego (aktywa z tyt.  odroczonego podatku dochodowego przed dokonaniem kompensaty z zobowi\u0105zaniami z tyt. odroczonego podatku dochodowego na poziomie poszczeg\u00f3lnych sp\u00f3\u0142ek wchodz\u0105cych w sk\u0142ad Grupy Kapita\u0142owej) Stan na 31.12.2020 Uznanie/(Obci\u0105\u017cenie) Stan na 31.12.2021Uznanie/(Obci\u0105\u017cenie) Stan na 31.12.2022 wynik finansowypozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLN wynik finansowypozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLNzmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymiRezerwa na likwidacj\u0119 kopal\u0144 i innych obiekt\u00f3w technologicznych  253  ( 63)-   1 191 1- 2- 194Wycena transakcji terminowych innych ni\u017c instrumenty zabezpieczaj\u0105ce  36   35-  - 71( 27)--- 44R\u00f3\u017cnica pomi\u0119dzy ksi\u0119gowymi  i podatkowymi stawkami amortyzacyjnymi rzeczowych aktyw\u00f3w trwa\u0142ych  93  ( 5)-  - 88 7--- 95Zobowi\u0105zania na przysz\u0142e \u015bwiadczenia pracownicze  600  ( 3)( 132)  - 465- 80-- 545Instrumenty kapita\u0142owe wyceniane  w warto\u015bci godziwej  104  --  - 104- 19-- 123Zobowi\u0105zania z tytu\u0142u leasingu      61   14-  - 75 19-- 94Odsetki naliczone niezap\u0142acone od kredyt\u00f3w i po\u017cyczek     197   24-   14 235 45- 17- 297Odpisy /odwr\u00f3cenia odpis\u00f3w aktualizuj\u0105ce warto\u015b\u0107 aktyw\u00f3w     83  ( 25)-  - 58( 17)--( 1) 40Kr\u00f3tkookresowe rezerwy z tytu\u0142u wynagrodze\u0144      96   17-  - 113 12--- 125Aktualizacja wyceny instrument\u00f3w zabezpieczaj\u0105cych      235  - 70  - 305-( 292)-- 13Zobowi\u0105zanie z tyt. op\u0142aty sta\u0142ej z ust. u\u017cytkowania g\u00f3rniczego     30   5-  - 35---- 35\u015awiadczenia na rzecz pracownik\u00f3w (urlopy)      13  --  - 13---- 13Niewyp\u0142acone wynagrodzenia z narzutami      24  --  - 24 3--- 27Pozosta\u0142e  172   42-  - 214( 11)-( 4) 199Razem 1 997   41( 62)   151 991 32( 193) 19( 5)1 844Zobowi\u0105zania  z  tytu\u0142u  odroczonego  podatku  dochodowego  (zobowi\u0105zania  z  tyt.  odroczonego  podatku  dochodowego  przed  dokonaniem  kompensaty  z  aktywami  z  tyt.  odroczonego podatku dochodowego na poziomie poszczeg\u00f3lnych sp\u00f3\u0142ek wchodz\u0105cych w sk\u0142ad Grupy Kapita\u0142owej) Stan na 31.12.2020 (Uznanie) / Obci\u0105\u017cenie Stan na 31.12.2021(Uznanie) / Obci\u0105\u017cenie Stan na 31.12.2022 wynik finansowyr\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLN wynik finansowy   pozosta\u0142e ca\u0142kowite dochody r\u00f3\u017cnice kursowe z przeliczenia sald odroczonego podatku dochodowegosprawozda\u0144  jednostek o walucie funkcjonalnej innej ni\u017c PLNzmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymiWycena transakcji terminowych innych ni\u017c instrumenty zabezpieczaj\u0105ce  35   15- 50( 9)  -  -- 41R\u00f3\u017cnica pomi\u0119dzy ksi\u0119gowymi  i podatkowymi stawkami amortyzacyjnymi, w tym: 1 514   122 231 659 159  -   26( 4)1 840    dotycz\u0105ca amortyzacji prawa do u\u017cytkowania   60   11- 71 18  -  -- 89Odsetki naliczone niezap\u0142acone od po\u017cyczek  470   17 17 504 119  -   20- 643Aktualizacja wyceny instrument\u00f3w zabezpieczaj\u0105cych -  ----   25  -- 25Instrumenty kapita\u0142owe wyceniane  w warto\u015bci godziwej  37   54- 91( 7)  -  -- 84Pozosta\u0142e  190  ( 43)( 2) 145 85  -  ( 4)( 1) 225Razem 2 246   165 382 449 347   25   42( 5)2 858",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-376": {
   "value": "Podatek  od  wydobycia  niekt\u00f3rych  kopalin  w  Jednostce  Dominuj\u0105cej  naliczany  jest  od  ilo\u015bci  miedzi  i  srebra  zawartej w wyprodukowanym  koncentracie i jego  wysoko\u015b\u0107 jest uzale\u017cniona od  notowa\u0144 tych  metali  i kursu USD/PLN.  Podatek obci\u0105\u017ca koszt wytworzenia produktu podstawowego, jednak nie stanowi kosztu uzyskania przychod\u00f3w do cel\u00f3w kalkulacji obci\u0105\u017ce\u0144 z tytu\u0142u CIT. Zasady rachunkowo\u015bci Nale\u017cno\u015bci  z  tytu\u0142u  podatk\u00f3w  obejmuj\u0105  nale\u017cno\u015bci  z  tytu\u0142u  bie\u017c\u0105cego  podatku  dochodowego  oraz  rozliczenia  z  tytu\u0142u podatku VAT. Nale\u017cno\u015bci  niestanowi\u0105ce  aktyw\u00f3w  finansowych  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  nominalnej  i  wycenia  na  dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty. Zobowi\u0105zania  z  tytu\u0142u  podatk\u00f3w  obejmuj\u0105  zobowi\u0105zania  Grupy  wobec  urz\u0119du  skarbowego  z  tytu\u0142u  podatku dochodowego  od  os\u00f3b  prawnych,  w  tym  z  tytu\u0142u  podatku  u  \u017ar\u00f3d\u0142a,  podatku  dochodowego  od  os\u00f3b  fizycznych  oraz zobowi\u0105zania z tytu\u0142u podatku od wydobycia niekt\u00f3rych kopalin oraz podatku akcyzowego.  Zobowi\u0105zania niezaliczone do zobowi\u0105za\u0144 finansowych wycenia si\u0119 w kwocie wymagaj\u0105cej zap\u0142aty. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-439": {
   "value": "Nota 5.3 Nale\u017cno\u015bci i zobowi\u0105zania z tytu\u0142u podatk\u00f3w  Zasady rachunkowo\u015bci Nale\u017cno\u015bci  z  tytu\u0142u  podatk\u00f3w  obejmuj\u0105  nale\u017cno\u015bci  z  tytu\u0142u  bie\u017c\u0105cego  podatku  dochodowego  oraz  rozliczenia  z  tytu\u0142u podatku VAT. Nale\u017cno\u015bci  niestanowi\u0105ce  aktyw\u00f3w  finansowych  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  nominalnej  i  wycenia  na  dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty. Zobowi\u0105zania  z  tytu\u0142u  podatk\u00f3w  obejmuj\u0105  zobowi\u0105zania  Grupy  wobec  urz\u0119du  skarbowego  z  tytu\u0142u  podatku dochodowego  od  os\u00f3b  prawnych,  w  tym  z  tytu\u0142u  podatku  u  \u017ar\u00f3d\u0142a,  podatku  dochodowego  od  os\u00f3b  fizycznych  oraz zobowi\u0105zania z tytu\u0142u podatku od wydobycia niekt\u00f3rych kopalin oraz podatku akcyzowego.  Zobowi\u0105zania niezaliczone do zobowi\u0105za\u0144 finansowych wycenia si\u0119 w kwocie wymagaj\u0105cej zap\u0142aty. Stan na  31.12.2022 Stan na  31.12.2021 Nale\u017cno\u015bci z tytu\u0142u bie\u017c\u0105cego podatku dochodowego  od os\u00f3b prawnych  39 16 Nale\u017cno\u015bci z tytu\u0142u pozosta\u0142ych podatk\u00f3w  328 352 Nale\u017cno\u015bci z tytu\u0142u podatk\u00f3w, z tego:  367 368   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy         (grupa zbycia) - 4   wykazane jako \u201enale\u017cno\u015bci z tytu\u0142u podatk\u00f3w\"    367 364 Stan na  31.12.2022 Stan na  31.12.2021 Zobowi\u0105zania z tytu\u0142u bie\u017c\u0105cego podatku dochodowego  od os\u00f3b prawnych  612 881 Zobowi\u0105zania z tytu\u0142u pozosta\u0142ych podatk\u00f3w  621 574 Zobowi\u0105zania podatkowe, z tego: 1 233 1 455   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia  - 2   wykazane jako \u201ezobowi\u0105zania z tytu\u0142u podatk\u00f3w\"  1 233 1 453 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "Zasady rachunkowo\u015bci Pozycja zaanga\u017cowanie  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  obejmuje:  inwestycje  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  wyceniane metod\u0105 praw w\u0142asno\u015bci oraz po\u017cyczki udzielone wsp\u00f3lnym przedsi\u0119wzi\u0119ciom. Grupa  kwalifikuje  do  inwestycji  wycenianych  metod\u0105  praw  w\u0142asno\u015bci  udzia\u0142y  we  wsp\u00f3lnych  przedsi\u0119wzi\u0119ciach b\u0119d\u0105cych wsp\u00f3lnymi ustaleniami umownymi, w kt\u00f3rych strony sprawuj\u0105ce wsp\u00f3\u0142kontrol\u0119 maj\u0105 prawa do  aktyw\u00f3w netto  tej  jednostki.  Wsp\u00f3\u0142kontrola  wyst\u0119puje  w\u00f3wczas,  gdy  decyzje  dotycz\u0105ce  istotnej  dzia\u0142alno\u015bci  wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 wymagaj\u0105 jednomy\u015blnej zgody stron wsp\u00f3\u0142kontroluj\u0105cych.  Inwestycje te pocz\u0105tkowo ujmuje si\u0119 wed\u0142ug ceny nabycia. Udzia\u0142 Grupy w zysku lub stracie jednostek wycenianych metod\u0105 praw w\u0142asno\u015bci (ustalony z uwzgl\u0119dnieniem wp\u0142ywu wycen do warto\u015bci godziwej z dnia nabycia inwestycji) od dnia  nabycia  ujmuje  si\u0119  w  wyniku  finansowym,  za\u015b  jej  udzia\u0142  w  zmianach  stanu  zakumulowanych  pozosta\u0142ych ca\u0142kowitych dochod\u00f3w od dnia nabycia w odpowiedniej pozycji zakumulowanych ca\u0142kowitych dochod\u00f3w.  Niezrealizowane zyski i straty z tytu\u0142u transakcji pomi\u0119dzy inwestorem a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem s\u0105 eliminowane w  kwocie  odpowiadaj\u0105cej  udzia\u0142owi  inwestora  w  tych  zyskach/(stratach)  w  korespondencji  z  warto\u015bci\u0105  bilansow\u0105 udzia\u0142u  Grupy  w  tej  jednostce.  W  sytuacji,  gdy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  udzia\u0142  Grupy w niezrealizowanym  zysku  na  transakcjach  pomi\u0119dzy  Grup\u0105  a  wsp\u00f3lnym  przedsi\u0119wzi\u0119ciem  przekracza  warto\u015b\u0107 bilansow\u0105 inwestycji w t\u0119 jednostk\u0119, udzia\u0142 Grupy w tych zyskach podlega eliminacji do poziomu bilansowego udzia\u0142u Grupy w tej jednostce. Eliminacji niezrealizowanych zysk\u00f3w w proporcji do udzia\u0142\u00f3w Grupy, nierozliczonych w okresie, w  kt\u00f3rym  nast\u0105pi\u0142a  transakcja,  dokonuje  si\u0119  w  kolejnych  okresach  sprawozdawczych  w  momencie,  gdy  warto\u015b\u0107 bilansowa udzia\u0142u Grupy w tej jednostce osi\u0105gnie warto\u015b\u0107 powy\u017cej zera. Inwestycja  testowana  jest  na  utrat\u0119  warto\u015bci  w  przypadku  wyst\u0105pienia  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107 wyst\u0105pienia utraty warto\u015bci poprzez wyliczenie warto\u015bci odzyskiwalnej. Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Istnienie wsp\u00f3\u0142kontroli Grupa Kapita\u0142owa kwalifikuje jako wsp\u00f3lne przedsi\u0119wzi\u0119cie zgodnie z MSSF 11 sp\u00f3\u0142k\u0119 Sierra Gorda S.C.M. z siedzib\u0105 w Chile,  w  kt\u00f3rej  udzia\u0142  kapita\u0142owy  KGHM  INTERNATIONAL  LTD.  wynosi  55%.  Kwalifikacji  Sierra  Gorda  S.C.M. do kategorii  wsp\u00f3lnych  przedsi\u0119wzi\u0119\u0107,  mimo  55%  udzia\u0142u  Grupy  Kapita\u0142owej,  dokonano  na  podstawie  analizy warunk\u00f3w porozumie\u0144 pomi\u0119dzy stronami oraz ustale\u0144 umownych, kt\u00f3re wskaza\u0142y na sprawowanie wsp\u00f3\u0142kontroli. Zgodnie z warunkami porozumie\u0144 wszystkie istotne dzia\u0142ania Sierra Gorda S.C.M. wymagaj\u0105 jednomy\u015blnej zgody obu w\u0142a\u015bcicieli.  W powo\u0142ywanej  Radzie  w\u0142a\u015bcicieli  Grupa  oraz  pozostali  w\u0142a\u015bciciele  maj\u0105  po  trzech  cz\u0142onk\u00f3w.  Rada w\u0142a\u015bcicieli  podejmuje  decyzje  strategiczne  i sprawuje  nadz\u00f3r  nad  ich  wykonaniem.  Zatwierdza  r\u00f3wnie\u017c  sk\u0142ad najwy\u017cszej kadry menad\u017cerskiej. W okresie sprawozdawczym nie uleg\u0142y zmianie postanowienia, kt\u00f3re by\u0142y podstaw\u0105 kwalifikacji inwestycji do kategorii wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107. Zgodnie z os\u0105dem Grupy, po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. nie spe\u0142niaj\u0105 kryteri\u00f3w uznania  za  inwestycj\u0119  netto  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczek  jest  planowane i prawdopodobne w daj\u0105cej si\u0119 przewidzie\u0107 przysz\u0142o\u015bci. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-377": {
   "value": "Zasady rachunkowo\u015bci Pozycja zaanga\u017cowanie  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  obejmuje:  inwestycje  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cia  wyceniane metod\u0105 praw w\u0142asno\u015bci oraz po\u017cyczki udzielone wsp\u00f3lnym przedsi\u0119wzi\u0119ciom. Grupa  kwalifikuje  do  inwestycji  wycenianych  metod\u0105  praw  w\u0142asno\u015bci  udzia\u0142y  we  wsp\u00f3lnych  przedsi\u0119wzi\u0119ciach b\u0119d\u0105cych wsp\u00f3lnymi ustaleniami umownymi, w kt\u00f3rych strony sprawuj\u0105ce wsp\u00f3\u0142kontrol\u0119 maj\u0105 prawa do  aktyw\u00f3w netto  tej  jednostki.  Wsp\u00f3\u0142kontrola  wyst\u0119puje  w\u00f3wczas,  gdy  decyzje  dotycz\u0105ce  istotnej  dzia\u0142alno\u015bci  wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 wymagaj\u0105 jednomy\u015blnej zgody stron wsp\u00f3\u0142kontroluj\u0105cych.  Inwestycje te pocz\u0105tkowo ujmuje si\u0119 wed\u0142ug ceny nabycia. Udzia\u0142 Grupy w zysku lub stracie jednostek wycenianych metod\u0105 praw w\u0142asno\u015bci (ustalony z uwzgl\u0119dnieniem wp\u0142ywu wycen do warto\u015bci godziwej z dnia nabycia inwestycji) od dnia  nabycia  ujmuje  si\u0119  w  wyniku  finansowym,  za\u015b  jej  udzia\u0142  w  zmianach  stanu  zakumulowanych  pozosta\u0142ych ca\u0142kowitych dochod\u00f3w od dnia nabycia w odpowiedniej pozycji zakumulowanych ca\u0142kowitych dochod\u00f3w.  Niezrealizowane zyski i straty z tytu\u0142u transakcji pomi\u0119dzy inwestorem a wsp\u00f3lnym przedsi\u0119wzi\u0119ciem s\u0105 eliminowane w  kwocie  odpowiadaj\u0105cej  udzia\u0142owi  inwestora  w  tych  zyskach/(stratach)  w  korespondencji  z  warto\u015bci\u0105  bilansow\u0105 udzia\u0142u  Grupy  w  tej  jednostce.  W  sytuacji,  gdy  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  udzia\u0142  Grupy w niezrealizowanym  zysku  na  transakcjach  pomi\u0119dzy  Grup\u0105  a  wsp\u00f3lnym  przedsi\u0119wzi\u0119ciem  przekracza  warto\u015b\u0107 bilansow\u0105 inwestycji w t\u0119 jednostk\u0119, udzia\u0142 Grupy w tych zyskach podlega eliminacji do poziomu bilansowego udzia\u0142u Grupy w tej jednostce. Eliminacji niezrealizowanych zysk\u00f3w w proporcji do udzia\u0142\u00f3w Grupy, nierozliczonych w okresie, w  kt\u00f3rym  nast\u0105pi\u0142a  transakcja,  dokonuje  si\u0119  w  kolejnych  okresach  sprawozdawczych  w  momencie,  gdy  warto\u015b\u0107 bilansowa udzia\u0142u Grupy w tej jednostce osi\u0105gnie warto\u015b\u0107 powy\u017cej zera. Inwestycja  testowana  jest  na  utrat\u0119  warto\u015bci  w  przypadku  wyst\u0105pienia  przes\u0142anek  wskazuj\u0105cych  na  mo\u017cliwo\u015b\u0107 wyst\u0105pienia utraty warto\u015bci poprzez wyliczenie warto\u015bci odzyskiwalnej. Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Istnienie wsp\u00f3\u0142kontroli Grupa Kapita\u0142owa kwalifikuje jako wsp\u00f3lne przedsi\u0119wzi\u0119cie zgodnie z MSSF 11 sp\u00f3\u0142k\u0119 Sierra Gorda S.C.M. z siedzib\u0105 w Chile,  w  kt\u00f3rej  udzia\u0142  kapita\u0142owy  KGHM  INTERNATIONAL  LTD.  wynosi  55%.  Kwalifikacji  Sierra  Gorda  S.C.M. do kategorii  wsp\u00f3lnych  przedsi\u0119wzi\u0119\u0107,  mimo  55%  udzia\u0142u  Grupy  Kapita\u0142owej,  dokonano  na  podstawie  analizy warunk\u00f3w porozumie\u0144 pomi\u0119dzy stronami oraz ustale\u0144 umownych, kt\u00f3re wskaza\u0142y na sprawowanie wsp\u00f3\u0142kontroli. Zgodnie z warunkami porozumie\u0144 wszystkie istotne dzia\u0142ania Sierra Gorda S.C.M. wymagaj\u0105 jednomy\u015blnej zgody obu w\u0142a\u015bcicieli.  W powo\u0142ywanej  Radzie  w\u0142a\u015bcicieli  Grupa  oraz  pozostali  w\u0142a\u015bciciele  maj\u0105  po  trzech  cz\u0142onk\u00f3w.  Rada w\u0142a\u015bcicieli  podejmuje  decyzje  strategiczne  i sprawuje  nadz\u00f3r  nad  ich  wykonaniem.  Zatwierdza  r\u00f3wnie\u017c  sk\u0142ad najwy\u017cszej kadry menad\u017cerskiej. W okresie sprawozdawczym nie uleg\u0142y zmianie postanowienia, kt\u00f3re by\u0142y podstaw\u0105 kwalifikacji inwestycji do kategorii wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107. Zgodnie z os\u0105dem Grupy, po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. nie spe\u0142niaj\u0105 kryteri\u00f3w uznania  za  inwestycj\u0119  netto  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczek  jest  planowane i prawdopodobne w daj\u0105cej si\u0119 przewidzie\u0107 przysz\u0142o\u015bci. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "Nota 6.2 Po\u017cyczki udzielone wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu (Sierra Gorda S.C.M.) Zasady rachunkowo\u015bci  Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Po\u017cyczki  udzielone  Sierra  Gorda  S.C.M.  zosta\u0142y zakwalifikowane  do  aktyw\u00f3w  finansowych  dotkni\u0119tych utrat\u0105 warto\u015bci ze wzgl\u0119du na wysokie ryzyko kredytowe na  moment  pocz\u0105tkowego  uj\u0119cia  (POCI).  Po\u017cyczki  POCI wyceniane  s\u0105  wed\u0142ug  zamortyzowanego  kosztu  przy zastosowaniu  metody  efektywnej  stopy  procentowej skorygowanej  o  ryzyko  kredytowe  przy  wykorzystaniu analizy  scenariuszowej  i  dost\u0119pnych  wolnych  \u015brodk\u00f3w pieni\u0119\u017cnych Sierra Gorda S.C.M. Warunki  sp\u0142aty  po\u017cyczek  udzielonych  na  finansowanie operacji zagranicznych, w  tym przewidywane terminy sp\u0142aty, zosta\u0142y  okre\u015blone  w  poszczeg\u00f3lnych  umowach.  Zgodnie z harmonogramem,  kwota  g\u0142\u00f3wna  i odsetki  p\u0142atne  s\u0105  na \u017c\u0105danie,  nie  p\u00f3\u017aniej  jednak  ni\u017c  do 15 grudnia  2024  r.  Ze wzgl\u0119du na implementacj\u0119 MSSF 9, na dzie\u0144 1 stycznia 2018 r. oszacowano oczekiwan\u0105 niezdyskontowan\u0105 strat\u0119 kredytow\u0105 na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln  USD  przeliczone  kursem  NBP  USD/PLN  3,4813 z dnia 29 grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od sytuacji  finansowej  tej  sp\u00f3\u0142ki.  W  zwi\u0105zku  z  dobr\u0105  sytuacj\u0105 finansow\u0105 w 2021 r. mia\u0142y  miejsce pierwsze  sp\u0142aty w \u0142\u0105cznej kwocie  308 mln  USD  (1  259  mln  PLN).  W  roku  2022  r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej  kwocie  193  mln  USD (789  mln  PLN).  Z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczki  jest planowane  i prawdopodobne  w  daj\u0105cej  si\u0119  przewidzie\u0107 przysz\u0142o\u015bci,  po\u017cyczka  ta  nie  stanowi  inwestycji  netto w rozumieniu MSR 21.15.  Grupa przeprowadzi\u0142a wycen\u0119 po\u017cyczki zgodnie z wymogami MSSF  9.5.5.17.  Dla  oszacowania  oczekiwanych  strat kredytowych  wykorzystano  analiz\u0119  scenariuszow\u0105  (MSSF 9.5.5.18)  obejmuj\u0105c\u0105  za\u0142o\u017cenia  Grupy  odno\u015bnie  sp\u0142acalno\u015bci udzielonej  po\u017cyczki.  Analiz\u0119  scenariuszow\u0105  oparto  o przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda  S.C.M.  oszacowane  w oparciu  o  aktualne  \u015bcie\u017cki  rynkowych  prognoz  cenowych metali,  kt\u00f3re  nast\u0119pnie  zosta\u0142y  zdyskontowane  przy zastosowaniu efektywnej stopy procentowej skorygowanej o ryzyko  kredytowe,  ustalonej  przy  pocz\u0105tkowym  uj\u0119ciu po\u017cyczki zgodnie z MSSF 9.B5.5.45 na poziomie 6,42%. Pozosta\u0142e  istotne  za\u0142o\u017cenia  wykorzystane  przy  wycenie po\u017cyczki dotycz\u0105: \u2022  prawdopodobie\u0144stwa realizacji poszczeg\u00f3lnych scenariuszy wyceny, \u2022  poziomu produkcji, \u2022  poziomu koszt\u00f3w, \u2022  poziomu nak\u0142ad\u00f3w inwestycyjnych, \u2022  finansowania zewn\u0119trznego Sierra Gorda S.C.M., \u2022  formy i poziomu finansowania w\u0142a\u015bcicielskiego Sierra Gorda S.C.M., \u2022  opodatkowania na poziomie Sierra Gorda S.C.M., \u2022  dystrybucji \u015brodk\u00f3w pieni\u0119\u017cnych.  Przysz\u0142a realizacja za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu czynnik\u00f3w makroekonomicznych, operacyjnych, finansowych oraz uzgodnie\u0144 pomi\u0119dzy partnerami JV (analiza wra\u017cliwo\u015bci warto\u015bci bilansowej po\u017cyczki w Nocie 7.5.2.4). 2022 55    2022     2021 Stan na 1 stycznia   8 314 6 069 Sp\u0142ata po\u017cyczek (kapita\u0142 i odsetki)   ( 789) (1 259) Naliczone odsetki    582 494 Nota 4.4 Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci     873 2 380 R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek   o walucie funkcjonalnej innej ni\u017c PLN    623 630 Stan na 31 grudnia   9 603 8 314 Udzielona Sierra Gorda S.C.M. po\u017cyczka oprocentowana jest sta\u0142\u0105 stop\u0105 procentow\u0105 w wysoko\u015bci 8%. Na dzie\u0144 31 grudnia 2022 r. Grupa oszacowa\u0142a przewidywane przep\u0142ywy z tytu\u0142u sp\u0142aty nale\u017cno\u015bci z tytu\u0142u udzielonych po\u017cyczek Sierra Gorda S.C.M., w wyniku czego dokonano odwr\u00f3cenia odpisu z tytu\u0142u utraty warto\u015bci w kwocie 873 mln PLN (w I p\u00f3\u0142roczu 2022r. uj\u0119to odwr\u00f3cenie odpisu w kwocie 783 mln PLN, w II p\u00f3\u0142roczu 2022 r. w kwocie 90 mln PLN). W okresie por\u00f3wnywalnym dokonano odwr\u00f3cenia odpisu w kwocie 2 380 mln PLN.  Za\u0142o\u017cenia  przyj\u0119te  do  szacunku  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  Sierra  Gorda  S.C.M.  (notowania  cen  metali  oraz  pozosta\u0142e kluczowe za\u0142o\u017cenia) przedstawione zosta\u0142y poni\u017cej: Podstawowe za\u0142o\u017cenia makroekonomiczne przyj\u0119te w szacowaniu przep\u0142yw\u00f3w pieni\u0119\u017cnych \u2013 notowania cen miedzi i z\u0142ota \u015acie\u017cki cenowe zosta\u0142y przyj\u0119te uwzgl\u0119dniaj\u0105c aktualne prognozy rynkowe: Okres 2023 2024 2025 2026 2027 LT Cena miedzi [USD/t] 8 2008 5008 5008 5008 5007 700Cena z\u0142ota [USD/oz] 1 7501 7501 7001 6001 5501 500Pozosta\u0142e kluczowe za\u0142o\u017cenia dla szacunku przep\u0142yw\u00f3w pieni\u0119\u017cnych  Okres \u017cycia kopalni / okres prognozy 26 Poziom produkcji miedzi w okresie \u017cycia kopalni  (tys. t) 3 781 Poziom produkcji molibdenu w okresie \u017cycia kopalni (mln funt\u00f3w) 239 Poziom produkcji z\u0142ota w okresie \u017cycia kopalni (tys. oz) 1 151 \u015arednia mar\u017ca operacyjna w okresie \u017cycia kopalni 43,97% Zastosowana stopa dyskonta po opodatkowaniu (wykorzystana do wyliczenia warto\u015bci godziwej dla cel\u00f3w ujawnienia w Nocie 7) 9,75% Poziom nak\u0142ad\u00f3w inwestycyjnych do poniesienia w okresie \u017cycia kopalni (mln USD)  1 573 Nota  7.5.2.4  Ryzyko  kredytowe  zwi\u0105zane  z  po\u017cyczkami  udzielonymi  wsp\u00f3lnemu  przedsi\u0119wzi\u0119ciu  Sierra  Gorda S.C.M. (POCI) Ryzyko  kredytowe  zwi\u0105zane  z  udzielonymi  po\u017cyczkami  uzale\u017cnione  jest  od  ryzyka  zwi\u0105zanego  z realizacj\u0105  wsp\u00f3lnego przedsi\u0119wzi\u0119cia  g\u00f3rniczego  w  Chile  (Sierra  Gorda  S.C.M.).  Po\u017cyczki  te  ze  wzgl\u0119du  na  rozpoznan\u0105  utrat\u0119  warto\u015bci  na moment  pocz\u0105tkowego  uj\u0119cia  ze  wzgl\u0119du  na  ryzyko  kredytowe,  zakwalifikowane  zosta\u0142y  jako  POCI  i  na  kolejne  dni ko\u0144cz\u0105ce okresy sprawozdawcze s\u0105 wyceniane w zamortyzowanym koszcie przy zastosowaniu metody efektywnej stopy procentowej z wykorzystaniem  efektywnej stopy dyskontowej skorygowanej o ryzyko kredytowe.  Podstaw\u0119 naliczenia odsetek od po\u017cyczek POCI stanowi ich warto\u015b\u0107 brutto pomniejszona o kwot\u0119 odpisu z tytu\u0142u utraty warto\u015bci na moment pocz\u0105tkowego uj\u0119cia. Udzielona  po\u017cyczka  nie  posiada  zabezpiecze\u0144  ograniczaj\u0105cych  ekspozycj\u0119  na  ryzyko  kredytowe,  dlatego  maksymalna warto\u015b\u0107  nara\u017con\u0105  na  potencjaln\u0105  strat\u0119  z  tytu\u0142u  ryzyka  kredytowego  stanowi  warto\u015b\u0107  brutto  po\u017cyczki,  pomniejszona o oczekiwane straty kredytowe uj\u0119te zgodnie z MSSF9. Zmiany warto\u015bci udzielonych po\u017cyczek POCI w okresie sprawozdawczym i por\u00f3wnawczym przedstawia Nota 6.2. Zar\u00f3wno  w  okresie  sprawozdawczym  jak  i  por\u00f3wnawczym  nie  rozpoznano  oczekiwanej  utraty  warto\u015bci  dla  po\u017cyczek POCI. Analiza  wra\u017cliwo\u015bci  warto\u015bci  godziwej  po\u017cyczek  ze  wzgl\u0119du  na  zmiany  prognozowanych  przep\u0142yw\u00f3w Sierra Gorda S.C.M. Na  dzie\u0144  31  grudnia 2022 r. Grupa  Kapita\u0142owa zaklasyfikowa\u0142a wycen\u0119  do  warto\u015bci godziwej udzielonych po\u017cyczek do poziomu 3  hierarchii warto\u015bci godziwej, ze  wzgl\u0119du  na wykorzystanie w  wycenie istotnego parametru niemierzalnego, jakim s\u0105 prognozowane przep\u0142ywy Sierra Gorda S.C.M. Przep\u0142ywy te s\u0105 w najwi\u0119kszym stopniu wra\u017cliwe na zmian\u0119 cen miedzi,  kt\u00f3ra  implikuje pozosta\u0142e  za\u0142o\u017cenia takie  jak  prognozowana  produkcja  i  mar\u017ca  operacyjna.  Dlatego  te\u017c Grupa przeprowadzi\u0142a analiz\u0119 wra\u017cliwo\u015bci warto\u015bci godziwej po\u017cyczek na zmian\u0119 ceny miedzi. Ze  wzgl\u0119du  na  znaczn\u0105  wra\u017cliwo\u015b\u0107  prognozowanych  przep\u0142yw\u00f3w  Sierra  Gorda  S.C.M.  na  zmiany  cen  miedzi,  zgodnie z MSSF 13 p.93.f Grupa przeprowadzi\u0142a analiz\u0119 wra\u017cliwo\u015bci warto\u015bci godziwej (poziom 3) po\u017cyczek na zmian\u0119 cen miedzi. Ceny miedzi [USD/t] Scenariusze 31.12.2022  2023 2024 2025 2026 2027 LT Bazowy  8 200 8 500 8 500 8 500 8 500 7 700 Bazowy minus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni (220 USD/ton\u0119) 7 980 8 280 8 280 8 280 8 280 7 480 Bazowy plus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni (220 USD/ton\u0119) 8 420 8 720 8 720 8 720 8 720 7 920 Ceny miedzi [USD/t] Scenariusze 31.12.2021  2022 2023 2024 2025 2026 LT Bazowy  8 500 8 000 7 500 7 500 7 500 7 000 Bazowy minus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni (220 USD/ton\u0119) 8 280 7 780 7 280 7 280 7 280 6 780 Bazowy plus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni (220 USD/ton\u0119) 8 720 8 220 7 720 7 720 7 720 7 220 Warto\u015b\u0107godziwaAnaliza wra\u017cliwo\u015bci warto\u015bci godziwej  na zmian\u0119 ceny Cu Klasy instrument\u00f3w finansowych Bazowy plus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni Bazowy minus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni Po\u017cyczki udzielone wyceniane wed\u0142ug zamortyzowanego kosztu  7 787 8 064 7 465 Po\u017cyczki udzielone wyceniane wed\u0142ug zamortyzowanego kosztu (mln USD) 1 769 1 832 1 696 Warto\u015b\u0107bilansowaAnaliza wra\u017cliwo\u015bci warto\u015bci bilansowej  na zmian\u0119 ceny Cu Klasy instrument\u00f3w finansowych Bazowy plus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni Bazowy minus 0,1 USD/funt w ca\u0142ym okresie \u017cycia kopalni Po\u017cyczki udzielone wyceniane wed\u0142ug zamortyzowanego kosztu 9 603 9 7669 380Po\u017cyczki udzielone wyceniane wed\u0142ug zamortyzowanego kosztu (mln USD) 2 182 2 219 2 131 Maksymalna  potencjalna  warto\u015b\u0107  bilansowa  na  dzie\u0144  31  grudnia  2022  r.  przy  za\u0142o\u017ceniu  wype\u0142nienia  zobowi\u0105za\u0144 umownych wynosi 2 576 mln USD (11 339 mln PLN). W dniu 22 lutego 2022 r. mia\u0142o miejsce zako\u0144czenie transakcji sprzeda\u017cy 45% udzia\u0142\u00f3w sp\u00f3\u0142ki Sierra Gorda S.C.M. przez Sumitomo Metal Mining Co., Ltd. oraz Sumitomo Corporation do South32 Limited, australijskiej grupy g\u00f3rniczej z siedzib\u0105 w Perth. Transakcja zosta\u0142a przeprowadzona na podstawie um\u00f3w sprzeda\u017cy zawartych w dniu 14 pa\u017adziernika 2021 r.  Maj\u0105c na uwadze powy\u017csz\u0105 transakcj\u0119 oraz brak wiedzy na temat szczeg\u00f3\u0142\u00f3w procesu negocjacji warunk\u00f3w transakcji oraz za\u0142o\u017ce\u0144 wyceny dokonanych przez strony uczestnicz\u0105ce w transakcji, jak i fakt, i\u017c udzia\u0142y Sierra Gorda S.C.M. nie s\u0105 przedmiotem publicznych notowa\u0144, nie jest zasadne dokonanie wyceny bilansowej warto\u015bci po\u017cyczki poprzez odniesienie wprost do ceny transakcyjnej w transakcji sprzeda\u017cy 45% zaanga\u017cowania w Sierra Gorda S.C.M. (tj. udzia\u0142u kapita\u0142owego oraz nale\u017cno\u015bci po\u017cyczkowej).  Niemniej  jednak  Grupa  dokona\u0142a  por\u00f3wnania  warto\u015bci  bilansowej  zaanga\u017cowania  we  wsp\u00f3lne  przedsi\u0119wzi\u0119cie  Sierra Gorda  S.C.M.  (tj.  nale\u017cno\u015b\u0107  z  tyt.  po\u017cyczki  oraz  inwestycja  w  instrumenty  kapita\u0142owe)  do  ceny  transakcyjnej  w  celu weryfikacji,  czy  \u0142\u0105czna  warto\u015b\u0107  bilansowa  zaanga\u017cowania  nie  odbiega  istotnie  od  warto\u015bci  jaka  wynika\u0142aby  z  ceny transakcyjnej, uwzgl\u0119dniaj\u0105c: (i) ograniczenia co do mo\u017cliwo\u015bci uzyskania przez Grup\u0119  pe\u0142nej wiedzy  w zakresie  procesu doj\u015bcia do  ceny transakcyjnej  oraz  (ii) r\u00f3\u017cnice  w zastosowanych stopach dyskonta przysz\u0142ych  oczekiwanych  przep\u0142yw\u00f3w pieni\u0119\u017cnych mo\u017cliwych do uzyskania z JV (tj. efektywna stopa procentowa dla wyceny po\u017cyczki wg MSSF9 vs stopa zwrotu oczekiwana przez inwestora w wycenie ceny transakcyjnej).  W  ocenie  Zarz\u0105du  warto\u015b\u0107  po\u017cyczek  oszacowana  przez  Grup\u0119  nie  odbiega  istotnie  od  kwoty,  kt\u00f3ra  zosta\u0142aby ustalona poprzez odniesienie do ceny transakcyjnej.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "Zasady rachunkowo\u015bci  Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Po\u017cyczki  udzielone  Sierra  Gorda  S.C.M.  zosta\u0142y zakwalifikowane  do  aktyw\u00f3w  finansowych  dotkni\u0119tych utrat\u0105 warto\u015bci ze wzgl\u0119du na wysokie ryzyko kredytowe na  moment  pocz\u0105tkowego  uj\u0119cia  (POCI).  Po\u017cyczki  POCI wyceniane  s\u0105  wed\u0142ug  zamortyzowanego  kosztu  przy zastosowaniu  metody  efektywnej  stopy  procentowej skorygowanej  o  ryzyko  kredytowe  przy  wykorzystaniu analizy  scenariuszowej  i  dost\u0119pnych  wolnych  \u015brodk\u00f3w pieni\u0119\u017cnych Sierra Gorda S.C.M. Warunki  sp\u0142aty  po\u017cyczek  udzielonych  na  finansowanie operacji zagranicznych, w  tym przewidywane terminy sp\u0142aty, zosta\u0142y  okre\u015blone  w  poszczeg\u00f3lnych  umowach.  Zgodnie z harmonogramem,  kwota  g\u0142\u00f3wna  i odsetki  p\u0142atne  s\u0105  na \u017c\u0105danie,  nie  p\u00f3\u017aniej  jednak  ni\u017c  do 15 grudnia  2024  r.  Ze wzgl\u0119du na implementacj\u0119 MSSF 9, na dzie\u0144 1 stycznia 2018 r. oszacowano oczekiwan\u0105 niezdyskontowan\u0105 strat\u0119 kredytow\u0105 na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln  USD  przeliczone  kursem  NBP  USD/PLN  3,4813 z dnia 29 grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od sytuacji  finansowej  tej  sp\u00f3\u0142ki.  W  zwi\u0105zku  z  dobr\u0105  sytuacj\u0105 finansow\u0105 w 2021 r. mia\u0142y  miejsce pierwsze  sp\u0142aty w \u0142\u0105cznej kwocie  308 mln  USD  (1  259  mln  PLN).  W  roku  2022  r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej  kwocie  193  mln  USD (789  mln  PLN).  Z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczki  jest planowane  i prawdopodobne  w  daj\u0105cej  si\u0119  przewidzie\u0107 przysz\u0142o\u015bci,  po\u017cyczka  ta  nie  stanowi  inwestycji  netto w rozumieniu MSR 21.15.  Grupa przeprowadzi\u0142a wycen\u0119 po\u017cyczki zgodnie z wymogami MSSF  9.5.5.17.  Dla  oszacowania  oczekiwanych  strat kredytowych  wykorzystano  analiz\u0119  scenariuszow\u0105  (MSSF 9.5.5.18)  obejmuj\u0105c\u0105  za\u0142o\u017cenia  Grupy  odno\u015bnie  sp\u0142acalno\u015bci udzielonej  po\u017cyczki.  Analiz\u0119  scenariuszow\u0105  oparto  o przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda  S.C.M.  oszacowane  w oparciu  o  aktualne  \u015bcie\u017cki  rynkowych  prognoz  cenowych metali,  kt\u00f3re  nast\u0119pnie  zosta\u0142y  zdyskontowane  przy zastosowaniu efektywnej stopy procentowej skorygowanej o ryzyko  kredytowe,  ustalonej  przy  pocz\u0105tkowym  uj\u0119ciu po\u017cyczki zgodnie z MSSF 9.B5.5.45 na poziomie 6,42%. Pozosta\u0142e  istotne  za\u0142o\u017cenia  wykorzystane  przy  wycenie po\u017cyczki dotycz\u0105: \u2022  prawdopodobie\u0144stwa realizacji poszczeg\u00f3lnych scenariuszy wyceny, \u2022  poziomu produkcji, \u2022  poziomu koszt\u00f3w, \u2022  poziomu nak\u0142ad\u00f3w inwestycyjnych, \u2022  finansowania zewn\u0119trznego Sierra Gorda S.C.M., \u2022  formy i poziomu finansowania w\u0142a\u015bcicielskiego Sierra Gorda S.C.M., \u2022  opodatkowania na poziomie Sierra Gorda S.C.M., \u2022  dystrybucji \u015brodk\u00f3w pieni\u0119\u017cnych.  Przysz\u0142a realizacja za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu czynnik\u00f3w makroekonomicznych, operacyjnych, finansowych oraz uzgodnie\u0144 pomi\u0119dzy partnerami JV (analiza wra\u017cliwo\u015bci warto\u015bci bilansowej po\u017cyczki w Nocie 7.5.2.4). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "Zasady rachunkowo\u015bci  Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Po\u017cyczki  udzielone  Sierra  Gorda  S.C.M.  zosta\u0142y zakwalifikowane  do  aktyw\u00f3w  finansowych  dotkni\u0119tych utrat\u0105 warto\u015bci ze wzgl\u0119du na wysokie ryzyko kredytowe na  moment  pocz\u0105tkowego  uj\u0119cia  (POCI).  Po\u017cyczki  POCI wyceniane  s\u0105  wed\u0142ug  zamortyzowanego  kosztu  przy zastosowaniu  metody  efektywnej  stopy  procentowej skorygowanej  o  ryzyko  kredytowe  przy  wykorzystaniu analizy  scenariuszowej  i  dost\u0119pnych  wolnych  \u015brodk\u00f3w pieni\u0119\u017cnych Sierra Gorda S.C.M. Warunki  sp\u0142aty  po\u017cyczek  udzielonych  na  finansowanie operacji zagranicznych, w  tym przewidywane terminy sp\u0142aty, zosta\u0142y  okre\u015blone  w  poszczeg\u00f3lnych  umowach.  Zgodnie z harmonogramem,  kwota  g\u0142\u00f3wna  i odsetki  p\u0142atne  s\u0105  na \u017c\u0105danie,  nie  p\u00f3\u017aniej  jednak  ni\u017c  do 15 grudnia  2024  r.  Ze wzgl\u0119du na implementacj\u0119 MSSF 9, na dzie\u0144 1 stycznia 2018 r. oszacowano oczekiwan\u0105 niezdyskontowan\u0105 strat\u0119 kredytow\u0105 na  moment  pocz\u0105tkowego  uj\u0119cia  w  kwocie  6 105 mln  PLN (1 754  mln  USD  przeliczone  kursem  NBP  USD/PLN  3,4813 z dnia 29 grudnia 2017 r.). Sp\u0142aty zad\u0142u\u017cenia przez Sierra Gorda S.C.M. uzale\u017cnione s\u0105 od sytuacji  finansowej  tej  sp\u00f3\u0142ki.  W  zwi\u0105zku  z  dobr\u0105  sytuacj\u0105 finansow\u0105 w 2021 r. mia\u0142y  miejsce pierwsze  sp\u0142aty w \u0142\u0105cznej kwocie  308 mln  USD  (1  259  mln  PLN).  W  roku  2022  r. nast\u0105pi\u0142y  kolejne  p\u0142atno\u015bci  w  \u0142\u0105cznej  kwocie  193  mln  USD (789  mln  PLN).  Z uwagi  na  to,  \u017ce  rozliczenie  po\u017cyczki  jest planowane  i prawdopodobne  w  daj\u0105cej  si\u0119  przewidzie\u0107 przysz\u0142o\u015bci,  po\u017cyczka  ta  nie  stanowi  inwestycji  netto w rozumieniu MSR 21.15.  Grupa przeprowadzi\u0142a wycen\u0119 po\u017cyczki zgodnie z wymogami MSSF  9.5.5.17.  Dla  oszacowania  oczekiwanych  strat kredytowych  wykorzystano  analiz\u0119  scenariuszow\u0105  (MSSF 9.5.5.18)  obejmuj\u0105c\u0105  za\u0142o\u017cenia  Grupy  odno\u015bnie  sp\u0142acalno\u015bci udzielonej  po\u017cyczki.  Analiz\u0119  scenariuszow\u0105  oparto  o przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda  S.C.M.  oszacowane  w oparciu  o  aktualne  \u015bcie\u017cki  rynkowych  prognoz  cenowych metali,  kt\u00f3re  nast\u0119pnie  zosta\u0142y  zdyskontowane  przy zastosowaniu efektywnej stopy procentowej skorygowanej o ryzyko  kredytowe,  ustalonej  przy  pocz\u0105tkowym  uj\u0119ciu po\u017cyczki zgodnie z MSSF 9.B5.5.45 na poziomie 6,42%. Pozosta\u0142e  istotne  za\u0142o\u017cenia  wykorzystane  przy  wycenie po\u017cyczki dotycz\u0105: \u2022  prawdopodobie\u0144stwa realizacji poszczeg\u00f3lnych scenariuszy wyceny, \u2022  poziomu produkcji, \u2022  poziomu koszt\u00f3w, \u2022  poziomu nak\u0142ad\u00f3w inwestycyjnych, \u2022  finansowania zewn\u0119trznego Sierra Gorda S.C.M., \u2022  formy i poziomu finansowania w\u0142a\u015bcicielskiego Sierra Gorda S.C.M., \u2022  opodatkowania na poziomie Sierra Gorda S.C.M., \u2022  dystrybucji \u015brodk\u00f3w pieni\u0119\u017cnych.  Przysz\u0142a realizacja za\u0142o\u017ce\u0144 b\u0105d\u017a jej brak zale\u017ce\u0107 b\u0119d\u0105 od wielu czynnik\u00f3w makroekonomicznych, operacyjnych, finansowych oraz uzgodnie\u0144 pomi\u0119dzy partnerami JV (analiza wra\u017cliwo\u015bci warto\u015bci bilansowej po\u017cyczki w Nocie 7.5.2.4). Zasady rachunkowo\u015bci Nale\u017cno\u015bci od odbiorc\u00f3w ujmuje si\u0119 pocz\u0105tkowo w cenie transakcyjnej (chyba, \u017ce nale\u017cno\u015b\u0107 zawiera istotny komponent finansowy podlegaj\u0105cy wydzieleniu, na skutek czego nale\u017cno\u015b\u0107 jest pocz\u0105tkowo ujmowana w warto\u015bci godziwej). Po pocz\u0105tkowym uj\u0119ciu nale\u017cno\u015bci od odbiorc\u00f3w wycenia si\u0119 w nast\u0119puj\u0105cy spos\u00f3b: -  Nale\u017cno\u015bci  nieprzekazywane  do  faktoringu  pe\u0142nego  i  nieoparte  o  formu\u0142\u0119  cenow\u0105  M+:  w   wysoko\u015bci zamortyzowanego  kosztu  z  uwzgl\u0119dnieniem  odpis\u00f3w  z  tytu\u0142u  oczekiwanej  straty  kredytowej  (ECL).  Nale\u017cno\u015bci od odbiorc\u00f3w z dat\u0105 zapadalno\u015bci poni\u017cej 12 miesi\u0119cy od dnia powstania nie podlegaj\u0105 dyskontowaniu. -  Nale\u017cno\u015bci  przekazywane  do  faktoringu  pe\u0142nego:  w  warto\u015bci  godziwej  przez  wynik  finansowy,  gdzie  warto\u015b\u0107 godziwa  ustalana  jest  w  wysoko\u015bci  ich  warto\u015bci  bilansowej  pomniejszonej  o  koszty  wynagrodzenia  faktora,  na kt\u00f3re  sk\u0142adaj\u0105  si\u0119  m.in.  koszty  odsetkowe  i  koszt  przej\u0119cia  ryzyka.  Ze  wzgl\u0119du  na  kr\u00f3tki  termin  pomi\u0119dzy przekazaniem do faktora a jej zap\u0142at\u0105 oraz ze wzgl\u0119du na niskie ryzyko kredytowe kontrahenta (faktora) warto\u015b\u0107 godziwa tych nale\u017cno\u015bci nie uwzgl\u0119dnia wp\u0142ywu tych czynnik\u00f3w. Nale\u017cno\u015bci przekazywane do faktoringu pe\u0142nego s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik  finansowy obowi\u0105zkowo,  poniewa\u017c  zosta\u0142y  zakwalifikowane  do  modelu  biznesowego,  w  ramach  kt\u00f3rego  przep\u0142ywy s\u0105 realizowane wy\u0142\u0105cznie w drodze sprzeda\u017cy aktyw\u00f3w finansowych. -  Nale\u017cno\u015bci oparte o formu\u0142\u0119 cenow\u0105 M+: w warto\u015bci godziwej przez wynik finansowy, gdzie warto\u015b\u0107 godziwa jest ustalana  jako  warto\u015b\u0107  nominalna  (tj.  po  cenie  z  faktury  sprzeda\u017cy)  skorygowana  o  wp\u0142yw  ryzyka  rynkowego i kredytowego. Korekta z tytu\u0142u ryzyka rynkowego jest obliczana jako r\u00f3\u017cnica pomi\u0119dzy aktualn\u0105 cen\u0105 rynkow\u0105 dla danego  okresu  kwotowania  z  przysz\u0142o\u015bci  (dla  okresu,  w  kt\u00f3rym  nast\u0105pi  ostateczne  ustalenie  ceny  rozliczenia) a cen\u0105,  po  jakiej  nale\u017cno\u015b\u0107  zosta\u0142a  uj\u0119ta  w  ksi\u0119gach  rachunkowych  (przemno\u017cona  przez  wolumen  sprzeda\u017cy). Korekta  z  tytu\u0142u  ryzyka  kredytowego  jest  obliczana  w spos\u00f3b  analogiczny  do  kalkulacji  oczekiwanej  straty kredytowej  dla nale\u017cno\u015bci  handlowych  wycenianych  wg zamortyzowanego  kosztu. Nale\u017cno\u015bci  oparte  o  formu\u0142\u0119 cenow\u0105  M+  s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik finansowy  obowi\u0105zkowo,  poniewa\u017c  nale\u017cno\u015bci  te  nie  zdaj\u0105  testu  SPPI  (tj.  testu  umownych  przep\u0142yw\u00f3w pieni\u0119\u017cnych) ze wzgl\u0119du wyst\u0119puj\u0105cy w nich element zmiany ceny po dniu pocz\u0105tkowego uj\u0119cia nale\u017cno\u015bci. Nale\u017cno\u015bci wyceniane w warto\u015bci godziwej mog\u0105 podlega\u0107 wycenie zar\u00f3wno z tytu\u0142u stosowanej formu\u0142y cenowej M+ jak i z  tytu\u0142u  przekazania  do  faktoringu.  Wycen  tych  dokonuje  si\u0119  niezale\u017cnie  od  siebie.  Skutek  obydwu  wycen  ujmuje  si\u0119 w wyniku finansowym w pozosta\u0142ych przychodach/ (kosztach) operacyjnych. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-421": {
   "value": "Cz\u0119\u015b\u0107 7 \u2013 Instrumenty finansowe i zarz\u0105dzanie ryzykiem finansowym Nota 7.1 Instrumenty finansowe  Stan na 31.12.2022 Stan na 31.12.2021 Aktywa finansowe W warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe  521 9010 072 70911 392 615 328 366 5859 598Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia --9 603-9 603--7 867-7 867Pochodne instrumenty finansowe - 5- 709 714- 10- 585 595Inne instrumenty finansowe  wyceniane w warto\u015bci godziwej  521 85-- 606 615 22-- 637Inne instrumenty finansowe  wyceniane w zamortyzowanym koszcie* -- 469- 469-- 499- 499Kr\u00f3tkoterminowe - 8291 926 7553 510- 6322 920 2493 801Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia ------- 447- 447Nale\u017cno\u015bci od odbiorc\u00f3w* - 751 426-1 177- 627 397-1 024Pochodne instrumenty finansowe  - 41- 755 796- 5- 249 254\u015arodki pieni\u0119\u017cne i ekwiwalenty* --1 200-1 200--1 904-1 904   Pozosta\u0142e aktywa finansowe - 37 300- 337-- 172- 172Razem 521 91911 9981 46414 902 615 66411 286 83413 399* W tym salda dotycz\u0105ce aktyw\u00f3w i zobowi\u0105za\u0144 przeznaczonych do zbycia dotycz\u0105ce 2021 r. zaprezentowane w tabeli poni\u017cej. Pe\u0142na informacja dotycz\u0105ca aktyw\u00f3w i zobowi\u0105za\u0144 przeznaczonych do zbycia zaprezentowana w Nocie 9.8.Stan na 31.12.2022 Stan na 31.12.2021 Zobowi\u0105zania finansowe W warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu                             Instrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu                             Instrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe  195 460 7006 179 785 6961 0566 830Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych* -5 220-5 220-5 475-5 475Pochodne instrumenty finansowe  19- 700 719 78-1 0561 134   Pozosta\u0142e zobowi\u0105zania finansowe - 240- 240- 221- 221Kr\u00f3tkoterminowe  1884 440 2804 908 2003 587 8484 635Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych* -1 223-1 223- 474- 474Pochodne instrumenty finansowe  154- 280 434 41- 848 889Zobowi\u0105zania wobec dostawc\u00f3w* -3 076-3 076-2 919-2 919Zobowi\u0105zania podobne - faktoring d\u0142u\u017cny - 18- 18- 95- 95   Pozosta\u0142e zobowi\u0105zania finansowe*  34 123- 157 159 99- 258Razem  2079 900 98011 087 2789 2831 90411 465*W tym salda dotycz\u0105ce aktyw\u00f3w i zobowi\u0105za\u0144 przeznaczonych do zbycia dotycz\u0105ce 2021 r. zaprezentowane w tabelach poni\u017cej. Pe\u0142na informacja dotycz\u0105ca aktyw\u00f3w i zobowi\u0105za\u0144 przeznaczonych do zbycia zaprezentowana w Nocie 9.8Stan na 31.12.2021 Aktywa finansowe - przeznaczone do sprzeda\u017cy (grupa zbycia) W warto\u015bci godziwej przez wynik finansowy Wed\u0142ug zamortyzo- wanego kosztu Razem D\u0142ugoterminowe - 3 3 Inne instrumenty finansowe  wyceniane w zamortyzowanym koszcie - 3 3 Kr\u00f3tkoterminowe  13 22 35 Nale\u017cno\u015bci od odbiorc\u00f3w  13 2 15 \u015arodki pieni\u0119\u017cne i ekwiwalenty - 20 20 Razem     13 25 38 Stan na 31.12.2021 Aktywa finansowe - z wy\u0142\u0105czeniem aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia) W warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody W warto\u015bci godziwej przez wynik finansowy Wed\u0142ug zamortyzo- wanego kosztu Instrumenty zabezpie- czaj\u0105ce Razem D\u0142ugoterminowe  615 32 8 363 585 9 595 Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia - - 7 867 - 7 867 Pochodne instrumenty finansowe - 10 - 585 595 Inne instrumenty finansowe  wyceniane w warto\u015bci godziwej  615 22 - - 637 Inne instrumenty finansowe  wyceniane w zamortyzowanym koszcie - - 496 - 496 Kr\u00f3tkoterminowe - 619 2 898 249 3 766 Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia - - 447 - 447 Nale\u017cno\u015bci od odbiorc\u00f3w - 614 395 - 1 009 Pochodne instrumenty finansowe  - 5 - 249 254 \u015arodki pieni\u0119\u017cne i ekwiwalenty - - 1 884 - 1 884   Pozosta\u0142e aktywa finansowe - - 172 - 172 Razem 615 651 11 261 834 13 36 1 Stan na 31.12.2021 Zobowi\u0105zania finansowe - z wy\u0142\u0105czeniem zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia W warto\u015bci godziwej przez wynik finansowy Wed\u0142ug zamortyzo- wanego kosztu                             Instrumenty zabezpie- czaj\u0105ce Razem D\u0142ugoterminowe  78 5 630 1 056 6 764 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych - 5 409 - 5 409 Pochodne instrumenty finansowe  78 - 1 056 1 134   Pozosta\u0142e zobowi\u0105zania finansowe - 221 - 221 Kr\u00f3tkoterminowe  200 3 521 848 4 569 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych - 455 - 455 Pochodne instrumenty finansowe  41 - 848 889 Zobowi\u0105zania wobec dostawc\u00f3w - 2 879 - 2 879 Zobowi\u0105zania podobne - faktoring d\u0142u\u017cny - 95 - 95   Pozosta\u0142e zobowi\u0105zania finansowe  159 92 - 251 Razem  278 9 151 1 904 11 333 Hierarchia warto\u015bci godziwej instrument\u00f3w finansowych  Stan na 31.12.2022 Stan na 31.12.2021 warto\u015b\u0107 godziwa warto\u015b\u0107 bilansowawarto\u015b\u0107 godziwa warto\u015b\u0107 bilansowaKlasy instrument\u00f3w finansowych poziom 1poziom 2poziom 3poziom 1poziom 2poziom  3Po\u017cyczki udzielone  - 207 7879 623- 228 1938 336Akcje notowane  422-- 422 516-- 516Akcje nienotowane - 99- 99- 99- 99Nale\u017cno\u015bci od odbiorc\u00f3w - 751- 751- 627- 627Pochodne instrumenty finansowe, z tego: - 357- 357-(1 174)-(1 174)     aktywa  -1 510-1 510- 849- 849     zobowi\u0105zania -(1 153)-(1 153)-(2 023)-(2 023)D\u0142ugoterminowe kredyty i po\u017cyczki otrzymane -(2 560)-(2 560)-(2 913)-(2 901)D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe (1 952)--(2 000)(2 034)--(2 000)Pozosta\u0142e aktywa finansowe - 3765 102----Pozosta\u0142e zobowi\u0105zania finansowe -( 34)-( 34)-( 159)-( 159)Instrumenty pochodne zabezpieczaj\u0105ce \u2013 pozycje otwarte na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy Stan na 31.12.2022    Stan na 31.12.2021 Typ instrumentu pochodnego Aktywa finansowe  Zobowi\u0105zania finansowe RazemAktywa finansowe  Zobowi\u0105zania finansowe RazemD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweInstrumenty zabezpieczaj\u0105ce (CFH), w tym:    709755(700)(280)484585249(1 056)(848)(1 070)Instrumenty pochodne \u2013Metale (cena Cu, Ag)Strategie opcyjne \u2013 mewa* (Cu) 60440(36)(232)23229989(578)(837)(1 027)Strategie opcyjne \u2013 korytarz (Ag) -----1197--108Strategie opcyjne \u2013 mewa* (Ag) 550(1)(3)519249(14)-127Instrumenty pochodne \u2013Walutowe (kurs USDPLN)Strategie opcyjne \u2013 korytarz   328262(88)(11)49115(2)(6)(2)Strategie opcyjne \u2013 mewa*   13(6)(34)(36)209(31)(5)(7)Instrumenty pochodne \u2013 Walutowo-procentowe Swap walutowo-procentowy CIRS 315-(569)-(254)162-(431)-(269)Instrumenty handlowe, w tym:    541(14)(118)(86)63(73)(40)(104)Instrumenty pochodne \u2013Metale (cena Cu, Ag, Au)Sprzedane opcje sprzeda\u017cy (Cu)    --(13)(49)(62)--(57)(6)(63)Nabyte opcje sprzeda\u017cy (Cu)    -1--1-----Nabyte opcje kupna (Cu)    432--36-----Transakcje dostosowawcze \u2013 swap (Cu)    ---(10)(10)---(5)(5)Sprzedane opcje sprzeda\u017cy (Ag)    --(1)(1)(2)--(10)(3)(13)Nabyte opcje sprzeda\u017cy (Ag)    ------2--2Nabyte opcje kupna (Ag)    -----1---1Transakcje dostosowawcze \u2013 swap (Au)    -4-(14)(10)---(2)(2)Pochodne instrumenty \u2013WalutoweSprzedane opcje sprzeda\u017cy (USDPLN)    ---(1)(1)--(5)(2)(7)Nabyte opcje sprzeda\u017cy (USDPLN)    -----11--2Nabyte opcje kupna (USDPLN)    14--54---4Strategie korytarz oraz forward/swap (EURPLN)    -------(1)(1)(2)Wbudowane instrumenty pochodne (cena Cu, Ag, Au)Kontrakty zakupu wsad\u00f3w obcych ---(43)(43)---(21)(21)Instrumenty pierwotnie zabezpieczaj\u0105ce wy\u0142\u0105czone  spod rachunkowo\u015bci zabezpiecze\u0144, w tym: --(5)(36)(41)42(5)(1)-Instrumenty pochodne \u2013Walutowe (kurs USDPLN)Strategie opcyjne \u2013 mewa --(1)(4)(5)42(4)(1)1Instrumenty pochodne \u2013 Metale (cena Cu, Ag) Strategie opcyjne \u2013 mewa (Ag) ------  -(1)-(1)Strategie opcyjne \u2013 mewa (Cu) --(4)(32)(36)-  ----RAZEM OTWARTE INSTRUMENTY POCHODNE 714796(719)(434)357595254(1 134)(889)(1 174)* W ramach struktur opcyjnych mewa jako zabezpieczaj\u0105ce (CFH - Cash Flow Hedging) wyznaczono struktury korytarz, czyli nabyte opcje sprzeda\u017cy oraz sprzedane opcje kupna.W  tabeli  poni\u017cej  zaprezentowano  szczeg\u00f3\u0142owo  dane  transakcji  pochodnych  wyznaczonych  jako  zabezpieczaj\u0105ce, posiadanych przez Jednostk\u0119 Dominuj\u0105c\u0105 na dzie\u0144 31 grudnia 2022 r.  Otwarte pochodne instrumenty zabezpieczaj\u0105ce Nomina\u0142 transakcji \u015aredniowa\u017cona cena/ kurs/ stopa % Zapadalno\u015b\u0107 okres rozliczenia Okres uj\u0119cia wp\u0142ywu na wynik finansowy*** mied\u017a [t] srebro [mln uncji] waluty [mln USD] CIRS [mln PLN] [USD/t] [USD/uncj\u0119] [USD/PLN] [USD/PLN, sta\u0142a st.% dla USD] od do od do Typ instrumentu pochodnego Mied\u017a \u2013 strategie opcyjne mewa*  189 000  8 075 - 9 759  sty\u201823 - gru\u201823 sty\u201823 - sty\u201824 Srebro \u2013 strategie opcyjne mewa*  4,20  26,00 - 42,00 sty\u201823 - gru\u201823 sty\u201923 - sty\u201824 Walutowe \u2013 strategie opcyjne korytarz  2 640  4,58 - 5,78 sty\u201923 - gru\u201924 sty\u201923 - sty\u201925 Walutowe \u2013 strategie opcyjne mewa*  315  3,94 - 4,54 sty\u201823 - gru\u201823 sty\u201823 - sty\u201824 Walutowo-procentowe \u2013 CIRS**  400  3,78 i 3,23% cze \u201824  cze \u201824 Walutowo-procentowe \u2013 CIRS**  1 600  3,81 i 3,94%  cze \u201829 cze \u201829 - lip \u201829 *  W  ramach  struktur  opcyjnych  mewa  jako  zabezpieczaj\u0105ce  (CFH  -  Cash  Flow  Hedging)  wyznaczono  struktury  korytarz,  czyli  nabyte  opcje sprzeda\u017cy oraz sprzedane opcje kupna. ** Rozliczenia p\u0142atno\u015bci odsetkowych dokonywane s\u0105 w okresowo, co p\u00f3\u0142 roku, do momentu realizacji transakcji. *** Reklasyfikacja zysk\u00f3w lub strat powsta\u0142ych na instrumencie zabezpieczaj\u0105cym  przep\u0142ywy pieni\u0119\u017cne  z pozosta\u0142ych ca\u0142kowitych  dochod\u00f3w do sprawozdania  z wyniku  nast\u0119puje  w  okresie  sprawozdawczym,  w kt\u00f3rym  pozycja  zabezpieczana  wp\u0142ywa  na  wynik  (jako  korekta  pozycji zabezpieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/koszt\u00f3w  operacyjnych  dla  rozliczanego  kosztu  zabezpieczenia).  Natomiast  uj\u0119cie  w ksi\u0119gach wyniku z rozliczenia transakcji nast\u0119puje w dacie jej rozliczenia. W  tabeli  poni\u017cej  zaprezentowano  szczeg\u00f3\u0142owo  dane  transakcji  pochodnych  wyznaczonych  jako  zabezpieczaj\u0105ce, posiadanych przez Jednostk\u0119 Dominuj\u0105c\u0105 na dzie\u0144 31 grudnia 2021 r.  Otwarte pochodne instrumenty zabezpieczaj\u0105ce Nomina\u0142 transakcji \u015aredniowa\u017cona cena/ kurs/ stopa % Zapadaln o\u015b\u0107 okres rozliczenia Okres uj\u0119cia wp\u0142ywu na wynik finansowy*** mied\u017a [t] srebro [mln uncji] waluty [mln USD] CIRS [mln PLN] [USD/t] [USD/uncj\u0119] [USD/PLN] [USD/PLN, sta\u0142a st.% dla USD] od do od do Typ instrumentu pochodnego Mied\u017a \u2013 strategie opcyjne mewa*  243 000  7 553-9 227  sty\u201822 - gru\u201823 sty\u201822 - sty\u201824 Srebro \u2013 strategie opcyjne korytarz  6,60  26,36-55,00 sty\u201922 - gru\u201922 sty\u201922 - sty\u201923 Srebro \u2013 strategie opcyjne mewa*  7,80  26,00-42,00 sty\u201822 - gru\u201823 sty\u201822 - sty\u201824 Walutowe \u2013 strategie opcyjne korytarz  240  3,85-4,60 lip\u201922 - gru\u201922 lip\u201922 sty\u201923 Walutowe \u2013 strategie opcyjne mewa*  630  3,94-4,54 sty\u201822 - gru\u201823 sty\u201822 - sty\u201824 Walutowo-procentowe \u2013 CIRS**  400  3,78 i 3,23% cze \u201824  cze \u201824 Walutowo-procentowe \u2013 CIRS**  1 600  3,81 i 3,94%  cze \u201829 cze \u201829 - lip \u201829 * W ramach struktur opcyjnych mewa jako zabezpieczaj\u0105ce (CFH - Cash Flow Hedging) wyznaczono struktury korytarz, czyli nabyte opcje sprzeda\u017cy oraz sprzedane opcje kupna. ** Rozliczenia p\u0142atno\u015bci odsetkowych dokonywane s\u0105 w okresowo, co p\u00f3\u0142 roku, do momentu realizacji transakcji. *** Reklasyfikacja zysk\u00f3w lub strat powsta\u0142ych na instrumencie zabezpieczaj\u0105cym  przep\u0142ywy pieni\u0119\u017cne  z pozosta\u0142ych ca\u0142kowitych  dochod\u00f3w do sprawozdania  z wyniku  nast\u0119puje  w  okresie  sprawozdawczym,  w kt\u00f3rym  pozycja  zabezpieczana  wp\u0142ywa  na  wynik  (jako  korekta  pozycji zabezpieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/koszt\u00f3w  operacyjnych  dla  rozliczanego  kosztu  zabezpieczenia).  Natomiast  uj\u0119cie  w ksi\u0119gach wyniku z rozliczenia transakcji nast\u0119puje w dacie jej rozliczenia. Wp\u0142yw instrument\u00f3w pochodnych i transakcji zabezpieczaj\u0105cych na pozycje sprawozdania z wyniku oraz na sprawozdanie z ca\u0142kowitych dochod\u00f3w przedstawiono poni\u017cej. Sprawozdanie z wyniku od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Przychody z um\u00f3w z klientami (korekta z tytu\u0142u przeklasyfikowania)  (182) (1 651) Pozosta\u0142e przychody / (koszty) operacyjne (w tym korekta z tytu\u0142u przeklasyfikowania): (220) (385) z tytu\u0142u realizacji instrument\u00f3w pochodnych  (213) (452) z tytu\u0142u wyceny instrument\u00f3w pochodnych  (7) 67 Przychody / (koszty) finansowe:  41 (44) z tytu\u0142u realizacji instrument\u00f3w pochodnych  (19) (9) z tytu\u0142u wyceny instrument\u00f3w pochodnych  - (1) odsetki od zad\u0142u\u017cenia (korekta z tytu\u0142u przeklasyfikowania)  60 (34) Wp\u0142yw instrument\u00f3w pochodnych i zabezpieczaj\u0105cych  na wynik finansowy okresu (bez uwzgl\u0119dnienia efektu podatkowego) (361) (2 080) Sprawozdanie z pozosta\u0142ych ca\u0142kowitych dochod\u00f3w Wycena transakcji zabezpieczaj\u0105cych (cz\u0119\u015b\u0107 skuteczna)   1 239 (2 431) Reklasyfikacja do przychod\u00f3w z um\u00f3w z klientami w zwi\u0105zku z realizacj\u0105 pozycji zabezpieczanej  182 1 651 Reklasyfikacja do koszt\u00f3w finansowych w zwi\u0105zku z realizacj\u0105 pozycji zabezpieczanej (60) 34 Reklasyfikacja do pozosta\u0142ych koszt\u00f3w operacyjnych w zwi\u0105zku z realizacj\u0105 pozycji zabezpieczanej (rozliczenie kosztu zabezpieczenia) 310 379 Wp\u0142yw transakcji zabezpieczaj\u0105cych (bez uwzgl\u0119dnienia efektu podatkowego)* 1 671 (367) \u0141\u0104CZNE CA\u0141KOWITE DOCHODY 1 310 (2 447) * Kwoty podatku dochodowego odnosz\u0105ce si\u0119 do ka\u017cdego sk\u0142adnika pozosta\u0142ych ca\u0142kowitych dochod\u00f3w zaprezentowano w Nocie 8.2.2 .  Nota 7.3 Inne instrumenty finansowe wyceniane w warto\u015bci godziwej Zasady rachunkowo\u015bci Pozycja  \u201eInne  instrumenty  finansowe  wyceniane  w  warto\u015bci godziwej\u201d  obejmuje  g\u0142\u00f3wnie:  udzia\u0142y  i  akcje  (notowane i nienotowane),  kt\u00f3re  nie  zosta\u0142y  nabyte  z  przeznaczeniem  do  obrotu  i  dla  kt\u00f3rych  dokonano  wyboru  opcji  wyceny w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody w celu ograniczenia fluktuacji wyniku oraz udzielone po\u017cyczki  wyceniane w warto\u015bci godziwej przez wynik finansowy, poniewa\u017c nie zda\u0142y testu umownych przep\u0142yw\u00f3w pieni\u0119\u017cnych (SPPI), gdy\u017c w strukturze finansowania na ostatnim etapie u docelowego odbiorcy \u015brodk\u00f3w pieni\u0119\u017cnych d\u0142ug zamienia si\u0119 na udzia\u0142 kapita\u0142owy, w zwi\u0105zku z czym zosta\u0142y zakwalifikowane do tej kategorii wyceny obowi\u0105zkowo. Udzia\u0142y i akcje ujmowane s\u0105 pocz\u0105tkowo w warto\u015bci godziwej powi\u0119kszonej o koszty transakcyjne, a na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy wyceniane s\u0105  w warto\u015bci godziwej  z  uj\u0119ciem zysk\u00f3w/strat z  wyceny w pozosta\u0142ych ca\u0142kowitych dochodach.  Kwot  odniesionych  w  skumulowane  pozosta\u0142e  ca\u0142kowite  dochody  nie  przenosi  si\u0119  p\u00f3\u017aniej  do  wyniku finansowego,  natomiast  skumulowane  zyski/straty  na  danym  instrumencie  kapita\u0142owym  przenosi  si\u0119  w  ramach kapita\u0142\u00f3w do zysk\u00f3w zatrzymanych w momencie zaprzestania ujmowania instrumentu kapita\u0142owego. Dywidendy z takich inwestycji ujmuje si\u0119 w wyniku finansowym.  Przeliczenia pozycji wyra\u017conych w walucie obcej dokonuje si\u0119 wed\u0142ug zasad rachunkowo\u015bci opisanych w Nocie 1.2 Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Warto\u015b\u0107  godziw\u0105  akcji  nienotowanych  i  udzia\u0142\u00f3w  ustala  si\u0119  z  zastosowaniem  wyceny maj\u0105tkowej  wg  metody skorygowanych aktyw\u00f3w netto. Zastosowanie tej metody wynika ze specyfiki aktyw\u00f3w sp\u00f3\u0142ek, kt\u00f3rych udzia\u0142y podlegaj\u0105 wycenie.  Do  wyceny  zosta\u0142y  wykorzystane  dane  wej\u015bciowe  inne  ni\u017c  pochodz\u0105ce  z  aktywnego  rynku,  kt\u00f3re  s\u0105 obserwowalne  (np.  ceny  transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny, rynkowe stopy procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych). Warto\u015b\u0107 godziw\u0105 akcji notowanych na gie\u0142dzie ustala si\u0119 w oparciu o kurs zamkni\u0119cia notowa\u0144 akcji na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy. Warto\u015b\u0107  godziwa  po\u017cyczki  ustalana  jest  jako  warto\u015b\u0107  bie\u017c\u0105ca  przysz\u0142ych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  z  uwzgl\u0119dnieniem zmiany czynnik\u00f3w ryzyka rynkowego i kredytowego w trakcie \u017cycia po\u017cyczki Stan na 31.12.2022   Stan na 31.12.2021 Akcje w sp\u00f3\u0142kach notowanych na gie\u0142dzie (GPW w Warszawie oraz na TSX Venture Exchange), z tego:  422    516 TAURON POLSKA ENERGIA S.A.   386    483 GRUPA AZOTY S.A.   32    27 Pozosta\u0142e akcje notowane    4    6 Udzia\u0142y/akcje w sp\u00f3\u0142kach nienotowanych na gie\u0142dzie   99    99 Udzielone po\u017cyczki   20    22 Pozosta\u0142e nale\u017cno\u015bci  65   - Inne instrumenty finansowe wyceniane w warto\u015bci godziwej,  z tego:  606    637 wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)  - - wykazane jako \u201einne instrumenty finansowe wyceniane w warto\u015bci    godziwej\"  606 637 Wycena akcji notowanych zaliczana jest do poziomu 1 hierarchii warto\u015bci godziwej (tj. wycena wed\u0142ug kurs\u00f3w tych akcji z aktywnego rynku z dnia wyceny), wycena udzia\u0142\u00f3w/akcji nienotowanych jest zaliczana do poziomu 2 (tj. wycena oparta o dane o charakterze obserwowalnym, niepochodz\u0105ce z aktywnego rynku). Wycena udzielonych po\u017cyczek zaliczona jest do poziomu 2 hierarchii warto\u015bci godziwej. Zar\u00f3wno w roku 2022 jak i 2021 nie wyst\u0105pi\u0142y dywidendy od sp\u00f3\u0142ek, w kt\u00f3rych Grupa posiada akcje zaklasyfikowane jako inne instrumenty finansowe wyceniane w warto\u015bci godziwej.  W 2022 r. nie wyst\u0105pi\u0142y przeniesienia skumulowanego zysku ani straty w obr\u0119bie kapita\u0142u w\u0142asnego dotycz\u0105cego sp\u00f3\u0142ek, w kt\u00f3rych  Grupa  posiada  akcje  zaklasyfikowane  jako  inne  instrumenty  finansowe  wyceniane  w  warto\u015bci  godziwej.  W  2021  r.  po  transakcji  sprzeda\u017cy  udzia\u0142\u00f3w  sp\u00f3\u0142ki  PGE  EJ1  Sp.  z  o.o.  nast\u0105pi\u0142a  reklasyfikacja  wyniku  ze  zbycia  tych udzia\u0142\u00f3w w wysoko\u015bci 18 mln PLN.  Z  tytu\u0142u  inwestycji  w  sp\u00f3\u0142ki  notowane  w  obrocie  publicznym  Grupa  nara\u017cona  jest  na  ryzyko  cenowe.  Zmiany  kursu notowa\u0144  akcji  tych  sp\u00f3\u0142ek,  spowodowane  bie\u017c\u0105c\u0105  sytuacj\u0105  makroekonomiczn\u0105  mog\u0105  istotnie  wp\u0142ywa\u0107  na  wysoko\u015b\u0107 pozosta\u0142ych ca\u0142kowitych dochod\u00f3w oraz kwot\u0119 skumulowan\u0105 uj\u0119t\u0105 w kapitale w\u0142asnym. Poni\u017csza tabela przedstawia analiz\u0119 wra\u017cliwo\u015bci akcji sp\u00f3\u0142ek notowanych w obrocie publicznym na zmiany cen Stan na31.12.2022Zmiana procentowa ceny akcjiStan na 31.12.2021Zmiana procentowa ceny akcji14% -14% 12% -12% Warto\u015b\u0107 bilansowaPozosta\u0142e ca\u0142kowite dochodyPozosta\u0142e ca\u0142kowite dochodyWarto\u015b\u0107 bilansowaPozosta\u0142e ca\u0142kowite dochodyPozosta\u0142e ca\u0142kowite dochodyAkcje notowane  w obrocie publicznym422 60 (60) 516 63 (63) Analiza  wra\u017cliwo\u015bci  dla  istotnych  rodzaj\u00f3w  ryzyka  rynkowego,  na  kt\u00f3re  Grupa  Kapita\u0142owa  jest  nara\u017cona,  prezentuje szacunkowy  wp\u0142yw  jaki  mia\u0142yby  potencjalnie  mo\u017cliwe  zmiany  poszczeg\u00f3lnych  czynnik\u00f3w  ryzyka  (na  koniec  okresu sprawozdawczego) na wynik finansowy oraz pozosta\u0142e ca\u0142kowite dochody.  Potencjalne  odchylenia  kurs\u00f3w  akcji  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  ustalono  na  poziomie  odchylenia standardowego indeksu WIG20 za okres 3 lat kalendarzowych zako\u0144czonych w dniu sprawozdawczym.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-378": {
   "value": "Cz\u0119\u015b\u0107 7 \u2013 I<span class=\"_ _2\"></span>nstrumenty finansowe <span class=\"_ _2\"></span>i zarz\u0105dzan<span class=\"_ _2\"></span>ie ryzykiem finansow<span class=\"_ _2\"></span>ym Nota 7.1 Instr<span class=\"_ _3\"></span>umenty finanso<span class=\"_ _3\"></span>we  Stan na 31.12.202<span class=\"_ _2\"></span>2 Stan na 31.12.202<span class=\"_ _2\"></span>1 Aktywa finansowe<span class=\"_ _2\"></span> W warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe<span class=\"_ _2\"></span>  521 9010 072 70911 392 615 328 366 5859 598Po\u017cyczki udziel<span class=\"_ _2\"></span>one na rzecz wsp\u00f3l<span class=\"_ _2\"></span>nego przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia --9 603-9 603--7 867-7 867Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe - 5- 709 714- 10- 585 595Inne inst<span class=\"_ _2\"></span>rumenty finans<span class=\"_ _2\"></span>owe  wyceniane w warto\u015bc<span class=\"_ _2\"></span>i godziwej  521 85-- 606 615 22-- 637Inne inst<span class=\"_ _2\"></span>rumenty finans<span class=\"_ _2\"></span>owe  wyceniane w zamor<span class=\"_ _2\"></span>tyzowanym koszc<span class=\"_ _2\"></span>ie* -- 469- 469-- 499- 499Kr\u00f3tkoterminowe<span class=\"_ _2\"></span> - 8291 926 7553 510- 6322 920 2493 801Po\u017cyczki udziel<span class=\"_ _2\"></span>one na rzecz wsp\u00f3l<span class=\"_ _2\"></span>nego przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia ------- 447- 447Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w* - 751 426-1 177- 627 397-1 024Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe  - 41- 755 796- 5- 249 254\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty*<span class=\"_ _2\"></span> --1 200-1 200--1 904-1 904  <span class=\"_ _112\"> </span>Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe - 37 300- 337-- 172- 172Razem 521 91911 9981 46414 902 615 66411 286 83413 399* W tym salda do<span class=\"_ _2\"></span>tycz\u0105ce aktyw\u00f3w<span class=\"_ _2\"></span> i zobowi\u0105za\u0144<span class=\"_ _2\"></span> przeznaczonych d<span class=\"_ _2\"></span>o zbycia dotycz\u0105ce 2021 r. zap<span class=\"_ _2\"></span>rezento<span class=\"_ _2\"></span>wane w tabel<span class=\"_ _2\"></span>i poni\u017cej. Pe\u0142na in<span class=\"_ _2\"></span>formacja dotycz\u0105ca aktyw<span class=\"_ _2\"></span>\u00f3w i zobowi<span class=\"_ _2\"></span>\u0105za\u0144 przeznaczony<span class=\"_ _2\"></span>ch do zbycia zap<span class=\"_ _2\"></span>rezentowan<span class=\"_ _2\"></span>a w Nocie 9.8.Stan na 31.12.202<span class=\"_ _2\"></span>2 Stan na 31.12.202<span class=\"_ _2\"></span>1 Zobowi\u0105zania finans<span class=\"_ _2\"></span>owe W warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu     <span class=\"_ _2\"></span>                        Instrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu     <span class=\"_ _2\"></span>                        Instrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe<span class=\"_ _2\"></span>  195 460 7006 179 785 6961 0566 830Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> kredyt\u00f3w, <span class=\"_ _2\"></span> po\u017cyczek, leasin<span class=\"_ _2\"></span>gu oraz d\u0142u\u017cnych <span class=\"_ _2\"></span> papier\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych* -5 220-5 220-5 475-5 475Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe  19- 700 719 78-1 0561 134  <span class=\"_ _113\"> </span>Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> - 240- 240- 221- 221Kr\u00f3tkoterminowe<span class=\"_ _2\"></span>  1884 440 2804 908 2003 587 8484 635Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> kredyt\u00f3w, <span class=\"_ _2\"></span> po\u017cyczek, leasin<span class=\"_ _2\"></span>gu oraz d\u0142u\u017cnych <span class=\"_ _2\"></span> papier\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych* -1 223-1 223- 474- 474Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe  154- 280 434 41- 848 889Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w*<span class=\"_ _2\"></span> -3 076-3 076-2 919-2 919Zobowi\u0105zania podob<span class=\"_ _2\"></span>ne - faktoring d<span class=\"_ _2\"></span>\u0142u\u017cny - 18- 18- 95- 95  <span class=\"_ _113\"> </span>Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe*<span class=\"_ _2\"></span>  34 123- 157 159 99- 258Razem  2079 900 98011 087 2789 2831 90411 465*W tym salda do<span class=\"_ _2\"></span>tycz\u0105ce aktyw\u00f3w<span class=\"_ _2\"></span> i zobowi\u0105za\u0144<span class=\"_ _2\"></span> przeznaczonych d<span class=\"_ _2\"></span>o zbycia dotycz\u0105ce 2021 r. zap<span class=\"_ _2\"></span>rezento<span class=\"_ _2\"></span>wane w tabelach p<span class=\"_ _2\"></span>oni\u017cej. Pe\u0142na i<span class=\"_ _2\"></span>nformacja dotycz\u0105<span class=\"_ _2\"></span>ca aktyw\u00f3w i zob<span class=\"_ _2\"></span>owi\u0105za\u0144 przezn<span class=\"_ _2\"></span>aczonych do zb<span class=\"_ _2\"></span>ycia zaprezentowan<span class=\"_ _2\"></span>a w Nocie 9.8.<div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:462.70016px; bottom:728.6333px;\">Stan na 31.12.<span class=\"_ _2\"></span>2021 </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:715.5293px;\">Aktywa finans<span class=\"_ _2\"></span>owe - przezn<span class=\"_ _2\"></span>aczone do sp<span class=\"_ _2\"></span>rzeda\u017cy (grupa <span class=\"_ _2\"></span>zbycia) </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:397.9604px; bottom:715.5293px;\">W warto\u015bci </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:408.5682px; bottom:703.20526px;\">godziwej<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:393.8925px; bottom:690.7253px;\">przez wynik </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:401.37988px; bottom:678.4013px;\">finansowy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:465.04016px; bottom:715.5293px;\">Wed\u0142ug zamort<span class=\"_ _2\"></span>yzo- </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:483.59247px; bottom:703.20526px;\">wanego koszt<span class=\"_ _2\"></span>u<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:623.8481px; bottom:715.5293px;\">Razem<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:653.2853px;\">D\u0142ugoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:653.2853px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:543.97614px; bottom:653.2853px;\"> 3</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:646.6124px; bottom:653.2853px;\"> 3<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:56.63233px; bottom:636.5933px;\">Inne ins<span class=\"_ _2\"></span>trumenty fin<span class=\"_ _2\"></span>ansowe  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:56.63233px; bottom:624.11334px;\">wyceniane w za<span class=\"_ _2\"></span>mortyzowanym<span class=\"_ _2\"></span> koszcie </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:630.35333px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:543.97614px; bottom:630.35333px;\"> 3</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:646.6124px; bottom:630.35333px;\"> 3<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:607.4213px;\">Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:434.62024px; bottom:607.4213px;\"> 13</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:538.8168px; bottom:607.4213px;\"> 22</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:607.4213px;\"> 35<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:56.63233px; bottom:591.0413px;\">Nale\u017cno\u015bci<span class=\"_ _2\"></span> od odbiorc<span class=\"_ _2\"></span>\u00f3w </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:434.62024px; bottom:591.0413px;\"> 13</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:543.97614px; bottom:591.0413px;\"> 2</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:591.0413px;\"> 15<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:56.63233px; bottom:575.9093px;\">\u015arodki pie<span class=\"_ _2\"></span>ni\u0119\u017cne i ekwiwalent<span class=\"_ _2\"></span>y </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:575.9093px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:538.8168px; bottom:575.9093px;\"> 20</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:575.9093px;\"> 20<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:560.62134px;\">Razem <span class=\"_ _68\"> </span><span class=\"ff2 fc0\">  </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:434.62024px; bottom:560.62134px;\"> 13</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:538.8168px; bottom:560.62134px;\"> 25</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:560.62134px;\"> 38<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:498.84534px;\">Zobowi\u0105zania <span class=\"_ _2\"></span>finansowe w<span class=\"_ _2\"></span>ed\u0142ug zamo<span class=\"_ _2\"></span>rtyzowanego <span class=\"_ _2\"></span>kosztu  - zob<span class=\"_ _2\"></span>owi\u0105zania <span class=\"_ _2\"></span>zwi\u0105zane z gr<span class=\"_ _2\"></span>up\u0105 zbycia     <span class=\"_ _2\"></span>         </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:535.8524px; bottom:498.84534px;\">Stan na 31.12.<span class=\"_ _2\"></span>2021 </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:457.19336px;\">D\u0142ugoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:457.19336px;\"> 66<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:57.724335px; bottom:440.96936px;\">Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w, po\u017cyc<span class=\"_ _2\"></span>zek, leasingu or<span class=\"_ _2\"></span>az d\u0142u\u017cnych papie<span class=\"_ _2\"></span>r\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:440.96936px;\"> 66<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:424.58942px;\">Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:424.58942px;\"> 66<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:57.724335px; bottom:408.83337px;\">Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w, po\u017cyc<span class=\"_ _2\"></span>zek, leasingu or<span class=\"_ _2\"></span>az d\u0142u\u017cnych papie<span class=\"_ _2\"></span>r\u00f3w warto\u015bc<span class=\"_ _2\"></span>iowych </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:408.83337px;\"> 19<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:57.724335px; bottom:394.16943px;\">Zobowi\u0105zania w<span class=\"_ _2\"></span>obec dost<span class=\"_ _2\"></span>awc\u00f3w </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:394.16943px;\"> 40<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:57.724335px; bottom:378.8814px;\">Pozosta\u0142e zobo<span class=\"_ _2\"></span>wi\u0105zania finan<span class=\"_ _2\"></span>sowe </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:646.6124px; bottom:378.8814px;\"> 7<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:363.59344px;\">Razem </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:363.59344px;\"> 132<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:417.1352px; bottom:324.59344px;\">Stan na 31.12.<span class=\"_ _2\"></span>2021 </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:307.4334px;\">Aktywa finans<span class=\"_ _2\"></span>owe - z wy\u0142\u0105c<span class=\"_ _2\"></span>zeniem aktyw\u00f3w<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:294.95343px;\">przeznaczonyc<span class=\"_ _2\"></span>h do sprzeda\u017cy (g<span class=\"_ _2\"></span>rupa zbyci<span class=\"_ _2\"></span>a) </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:285.01627px; bottom:307.4334px;\">W warto\u015bci </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:269.41638px; bottom:294.95343px;\">godziwej przez<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:291.8679px; bottom:282.62946px;\">pozosta\u0142e </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:290.62057px; bottom:270.14948px;\">ca\u0142kowite </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:297.1719px; bottom:257.82544px;\">dochody<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:365.6682px; bottom:307.4334px;\">W warto\u015bci </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:375.3402px; bottom:294.95343px;\">godziwej<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:362.08054px; bottom:282.62946px;\">przez wynik </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:367.2282px; bottom:270.14948px;\">finansowy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:460.67218px; bottom:307.4334px;\">Wed\u0142ug </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:443.66837px; bottom:294.95343px;\">zamortyzo- </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:426.34048px; bottom:282.62946px;\">wanego koszt<span class=\"_ _2\"></span>u<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:516.98816px; bottom:307.4334px;\">Instrumenty </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:531.49615px; bottom:294.95343px;\">zabezpie-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:541.7921px; bottom:282.62946px;\">czaj\u0105ce<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:623.8481px; bottom:307.4334px;\">Razem<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:234.8935px;\">D\u0142ugoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:317.30823px; bottom:234.8935px;\"> 615</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:401.37988px; bottom:234.8935px;\"> 32<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:471.59216px; bottom:234.8935px;\">8 363</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:556.7681px; bottom:234.8935px;\"> 585<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:234.8935px;\">9 595<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:218.04547px;\">Po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzec<span class=\"_ _2\"></span>z wsp\u00f3lnego </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:205.72147px;\">przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:211.80548px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:412.00018px; bottom:211.80548px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:471.59216px; bottom:211.80548px;\">7 867<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:571.2644px; bottom:211.80548px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:211.80548px;\">7 867<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:188.7175px;\">Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:188.7175px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:401.37988px; bottom:188.7175px;\"> 10<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:491.7162px; bottom:188.7175px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:556.7681px; bottom:188.7175px;\"> 585</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:188.7175px;\"> 595<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:171.8695px;\">Inne ins<span class=\"_ _2\"></span>trumenty fin<span class=\"_ _2\"></span>ansowe  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:159.5455px;\">wyceniane w wart<span class=\"_ _2\"></span>o\u015bci godziwe<span class=\"_ _2\"></span>j </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:317.30823px; bottom:165.78549px;\"> 615</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:401.37988px; bottom:165.78549px;\"> 22<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:491.7162px; bottom:165.78549px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:571.2644px; bottom:165.78549px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:165.78549px;\"> 637<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:142.07352px;\">Inne ins<span class=\"_ _2\"></span>trumenty fin<span class=\"_ _2\"></span>ansowe  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:129.5935px;\">wyceniane w za<span class=\"_ _2\"></span>mortyzowanym<span class=\"_ _2\"></span> koszcie </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:135.8335px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:412.00018px; bottom:135.8335px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:476.5724px; bottom:135.8335px;\"> 496<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:571.2644px; bottom:135.8335px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:135.8335px;\"> 496<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:112.745514px;\">Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:112.745514px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:396.8559px; bottom:112.745514px;\"> 619<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:471.59216px; bottom:112.745514px;\">2 898</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:556.7681px; bottom:112.745514px;\"> 249<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:112.745514px;\">3 766<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:96.05353px;\">Po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzec<span class=\"_ _2\"></span>z wsp\u00f3lnego </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:83.72952px;\">przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119cia </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:89.96951px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:412.00018px; bottom:89.96951px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:476.5724px; bottom:89.96951px;\"> 447<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:571.2644px; bottom:89.96951px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:89.96951px;\"> 447<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:67.03754px;\">Nale\u017cno\u015bci<span class=\"_ _2\"></span> od odbiorc<span class=\"_ _2\"></span>\u00f3w </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:67.03754px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:396.8559px; bottom:67.03754px;\"> 614</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:476.5724px; bottom:67.03754px;\"> 395<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:571.2644px; bottom:67.03754px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:67.03754px;\">1 009<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:50.813538px;\">Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:50.813538px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:407.46436px; bottom:50.813538px;\"> 5<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:491.7162px; bottom:50.813538px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:556.7681px; bottom:50.813538px;\"> 249</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:50.813538px;\"> 254<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:38.484375px; bottom:34.58954px;\">\u015arodki pie<span class=\"_ _2\"></span>ni\u0119\u017cne i ekwiwalent<span class=\"_ _2\"></span>y </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:34.58954px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:412.00018px; bottom:34.58954px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:471.59216px; bottom:34.58954px;\">1 884<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:571.2644px; bottom:34.58954px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:34.58954px;\">1 884</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:18.36557px;\">  <span class=\"_ _112\"> </span>Pozost<span class=\"_ _2\"></span>a\u0142e aktywa fin<span class=\"_ _2\"></span>ansowe </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:333.06436px; bottom:18.36557px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:412.00018px; bottom:18.36557px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:476.5724px; bottom:18.36557px;\"> 172<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:571.2644px; bottom:18.36557px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:18.36557px;\"> 172<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:1.9855652px;\">Razem</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:317.30823px; bottom:1.9855652px;\"> 615</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:396.8559px; bottom:1.9855652px;\"> 651<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:467.21246px; bottom:1.9855652px;\">11 261</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:556.7681px; bottom:1.9855652px;\"> 834<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:625.0964px; bottom:1.9855652px;\">13 36<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:430.25238px; bottom:272.49115px;\">Stan na 31.12.<span class=\"_ _2\"></span>2021 </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:259.38715px;\">Zobowi\u0105zania <span class=\"_ _2\"></span>finansowe - <span class=\"_ _2\"></span>z wy\u0142\u0105czeniem<span class=\"_ _2\"></span> zobowi\u0105<span class=\"_ _2\"></span>za\u0144 </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:247.06317px;\">zwi\u0105zanych <span class=\"_ _2\"></span>z grup\u0105 zbycia </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:325.5645px; bottom:259.38715px;\">W warto\u015bci </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:334.78036px; bottom:247.06317px;\">godziwej<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:320.88452px; bottom:234.58319px;\">przez wynik </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:326.8119px; bottom:222.25916px;\">finansowy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:433.36047px; bottom:259.38715px;\">Wed\u0142ug </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:417.1352px; bottom:247.06317px;\">zamortyzo-<span class=\"_ _192\"> </span></div><div class=\"c wcd h16\" style=\"left:399.3519px; bottom:231.93207px;\"><div class=\"t m5 x10 h5 y123c ff1 fs3 fc2 sc0 ls0 ws0\">wanego koszt<span class=\"_ _2\"></span>u                             </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:505.13214px; bottom:259.38715px;\">Instrumenty </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:518.23615px; bottom:247.06317px;\">zabezpie-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:529.0001px; bottom:234.58319px;\">czaj\u0105ce<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:623.8481px; bottom:259.38715px;\">Razem<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:207.59515px;\">D\u0142ugoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:362.08054px; bottom:207.59515px;\"> 78<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:207.59515px;\">5 630<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:537.42413px; bottom:207.59515px;\">1 056<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:207.59515px;\">6 764<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:192.93115px;\">Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w,  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:180.60718px;\">po\u017cyczek, leas<span class=\"_ _2\"></span>ingu oraz d\u0142u\u017cnyc<span class=\"_ _2\"></span>h  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:168.1272px;\">papier\u00f3w wart<span class=\"_ _2\"></span>o\u015bciowych </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:370.8045px; bottom:180.60718px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:180.60718px;\">5 409<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:558.00446px; bottom:180.60718px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:180.60718px;\">5 409<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:153.4632px;\">Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:362.08054px; bottom:153.4632px;\"> 78<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:465.04016px; bottom:153.4632px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:537.42413px; bottom:153.4632px;\">1 056<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:153.4632px;\">1 134</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:137.2392px;\">  <span class=\"_ _d3\"> </span>Pozost<span class=\"_ _2\"></span>a\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:370.8045px; bottom:137.2392px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:449.12817px; bottom:137.2392px;\"> 221<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:558.00446px; bottom:137.2392px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:137.2392px;\"> 221<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:121.0152px;\">Kr\u00f3tkoterminow<span class=\"_ _2\"></span>e </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:356.15222px; bottom:121.0152px;\"> 200<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:121.0152px;\">3 521</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:542.8844px; bottom:121.0152px;\"> 848<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:121.0152px;\">4 569<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:106.3512px;\">Zobowi\u0105zania z tyt<span class=\"_ _2\"></span>u\u0142u kred<span class=\"_ _2\"></span>yt\u00f3w,  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:94.02722px;\">po\u017cyczek, leas<span class=\"_ _2\"></span>ingu oraz d\u0142u\u017cnyc<span class=\"_ _2\"></span>h  </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:81.54724px;\">papier\u00f3w wart<span class=\"_ _2\"></span>o\u015bciowych </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:370.8045px; bottom:94.02722px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:449.12817px; bottom:94.02722px;\"> 455<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:558.00446px; bottom:94.02722px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:94.02722px;\"> 455<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:66.88324px;\">Pochodne<span class=\"_ _2\"></span> instrumen<span class=\"_ _2\"></span>ty finansowe </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:362.08054px; bottom:66.88324px;\"> 41<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:465.04016px; bottom:66.88324px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:542.8844px; bottom:66.88324px;\"> 848</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:66.88324px;\"> 889<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:50.65924px;\">Zobowi\u0105zania w<span class=\"_ _2\"></span>obec dost<span class=\"_ _2\"></span>awc\u00f3w </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:370.8045px; bottom:50.65924px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:50.65924px;\">2 879<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:558.00446px; bottom:50.65924px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:630.7124px; bottom:50.65924px;\">2 879<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:33.076378px; bottom:34.43524px;\">Zobowi\u0105zania pod<span class=\"_ _2\"></span>obne - faktor<span class=\"_ _2\"></span>ing d\u0142u\u017cny </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:370.8045px; bottom:34.43524px;\">-</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:456.14816px; bottom:34.43524px;\"> 95<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:558.00446px; bottom:34.43524px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:641.9324px; bottom:34.43524px;\"> 95</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:18.211243px;\">  <span class=\"_ _d3\"> </span>Pozost<span class=\"_ _2\"></span>a\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:356.15222px; bottom:18.211243px;\"> 159</div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:456.14816px; bottom:18.211243px;\"> 92<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:558.00446px; bottom:18.211243px;\">-</div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:635.70435px; bottom:18.211243px;\"> 251<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.0043563843px; bottom:1.9872437px;\">Razem </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:356.15222px; bottom:1.9872437px;\"> 278<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.6839px; bottom:1.9872437px;\">9 151<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:537.42413px; bottom:1.9872437px;\">1 904<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:625.0964px; bottom:1.9872437px;\">11 333<span class=\"_ _192\"> </span></div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:618.28754px;\">Zyski/(straty) <span class=\"_ _3\"></span>z instrument\u00f3w <span class=\"_ _3\"></span>finansowych <span class=\"_ _3\"></span>uj\u0119te w wyniku <span class=\"_ _3\"></span>okresu </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:178.15253px; bottom:586.15155px;\">od 01.01.2022<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:178.15253px; bottom:573.8275px;\">do 31.12.2022<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:396.55252px; bottom:592.39154px;\">Aktywa/zobowi\u0105za<span class=\"_ _2\"></span>nia </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:397.64465px; bottom:580.0675px;\">finansowe wyc<span class=\"_ _2\"></span>eniane </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:405.301px; bottom:567.5875px;\">w warto\u015bci god<span class=\"_ _2\"></span>ziwej </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:388.1408px; bottom:555.26355px;\">do wyniku finans<span class=\"_ _2\"></span>owego</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:526.045px; bottom:592.39154px;\">Aktywa finansowe </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:545.689px; bottom:580.0675px;\">wyceniane wg </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:526.045px; bottom:567.5875px;\">zamortyzowanego </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:579.3967px; bottom:555.26355px;\">kosztu</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:660.349px; bottom:604.7155px;\">Zobowi\u0105zania </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:623.8451px; bottom:592.39154px;\">finansowe wyc<span class=\"_ _2\"></span>eniane </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:690.145px; bottom:580.0675px;\">wed\u0142ug </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:639.6011px; bottom:567.5875px;\">zamortyzowanego </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:692.6408px; bottom:555.26355px;\">kosztu</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:771.10895px; bottom:567.5875px;\">Instrumenty </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:755.04095px; bottom:555.26355px;\">Zabezpieczaj\u0105ce</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:896.53284px; bottom:555.26355px;\">Og\u00f3\u0142em</div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:543.56354px;\">Nota 4.2  </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:532.95557px;\">Nota 6.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:537.9476px;\">Przychody z tytu\u0142u odsetek <span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:537.9476px;\">-</div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:592.65674px; bottom:537.9476px;\"> 636<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:537.9476px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:537.9476px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:537.9476px;\"> 636<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:515.4836px;\">Nota 6.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:520.94354px;\">Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bc<span class=\"_ _2\"></span>i po\u017cyczek udzielonych </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:509.39954px;\">wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:515.1716px;\">-</div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:592.65674px; bottom:515.1716px;\"> 873<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:515.1716px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:515.1716px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:515.1716px;\"> 873<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:496.1396px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:495.82758px;\">Przychody / (Koszty) z tytu\u0142u odsetek<span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:495.82758px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:495.82758px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:708.08496px; bottom:495.82758px;\">(60)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:819.1569px; bottom:495.82758px;\">60<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:495.82758px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:481.00757px;\">Nota 4.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:480.69556px;\">Zyski / (Straty) z tytu\u0142u r\u00f3\u017cnic kursowych <span class=\"_ _2\"></span>innych ni\u017c zad\u0142u\u017cenie </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:480.69556px;\"> 233</div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:592.65674px; bottom:480.69556px;\"> 767<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:706.52496px; bottom:480.69556px;\">( 51)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:480.69556px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:480.69556px;\"> 949<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:466.03156px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:465.7196px;\">Straty z tytu\u0142u r\u00f3\u017cnic kursowych od zad\u0142<span class=\"_ _2\"></span>u\u017cenia </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:465.7196px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:465.7196px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:702.00116px; bottom:465.7196px;\">( 179)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:465.7196px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:909.6369px; bottom:465.7196px;\">( 179)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:450.8996px;\">Nota 4.4 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:450.5876px;\">Odwr\u00f3cenie strat z tytu\u0142u utraty warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _97\"> </span>  <span class=\"_ _82\"> </span>-</div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:603.2647px; bottom:450.5876px;\"> 5<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:450.5876px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:450.5876px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:925.3929px; bottom:450.5876px;\"> 5<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:435.76758px;\">Nota 4.4 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:435.45557px;\">Straty z tytu\u0142u utraty warto\u015bci  </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:435.45557px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:596.55676px; bottom:435.45557px;\">( 5)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:435.45557px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:435.45557px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:919.6209px; bottom:435.45557px;\">( 5)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:420.7916px;\">Nota 7.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:420.47958px;\">Przychody z um\u00f3w z klientami </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:420.47958px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:420.47958px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:420.47958px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:808.08093px; bottom:420.47958px;\">( 182)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:909.6369px; bottom:420.47958px;\">( 182)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:407.5316px;\">Nota 4.2 </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:396.9236px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:401.9156px;\">Przychody z tytu\u0142u wyceny i realizacji<span class=\"_ _2\"></span> instrument\u00f3w pochodnych </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:401.9156px;\"> 400<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:401.9156px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:401.9156px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:401.9156px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:401.9156px;\"> 400<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:385.69162px;\">Nota 4.2 </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:375.08362px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:380.07562px;\">Koszty z tytu\u0142u wyceny i realizacji i<span class=\"_ _2\"></span>nstrument\u00f3w pochodnych  </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:473.77252px; bottom:380.07562px;\">( 329)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:380.07562px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:380.07562px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:809.3289px; bottom:380.07562px;\">(310)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:909.6369px; bottom:380.07562px;\">( 639)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:361.8236px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:361.51163px;\">Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119t<span class=\"_ _2\"></span>ych kredyt\u00f3w </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:361.51163px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:361.51163px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:706.52496px; bottom:361.51163px;\">( 29)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:361.51163px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:361.51163px;\">( 29)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:14.625px; bottom:346.69162px;\">Nota 4.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:346.5356px;\">Straty z wyceny do warto\u015bci g<span class=\"_ _2\"></span>odziwej nale\u017cno\u015bci finansowych </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:346.5356px;\">( 58)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:346.5356px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:719.317px; bottom:346.5356px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:346.5356px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:346.5356px;\">( 58)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:70.213px; bottom:331.40363px;\">Pozosta\u0142e zyski / (straty) </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:331.40363px;\">-</div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:603.2647px; bottom:331.40363px;\"> 2<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:712.92096px; bottom:331.40363px;\">(2)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:825.5529px; bottom:331.40363px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:331.40363px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc2 sc0 ls0 ws0\" style=\"left:70.213px; bottom:315.64764px;\">Og\u00f3\u0142em zysk/(strata) netto </div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:481.27277px; bottom:315.64764px;\">246<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:587.0407px; bottom:315.64764px;\">2 278<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:315.64764px;\">( 321)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:805.4292px; bottom:315.64764px;\">( 432)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:315.64764px;\">1 771<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:177.06052px; bottom:274.46365px;\">od 01.01.2021<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:177.06052px; bottom:261.98367px;\">do 31.12.2021<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:394.38083px; bottom:280.54764px;\">Aktywa/zobowi\u0105za<span class=\"_ _2\"></span>nia </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:396.55252px; bottom:268.22366px;\">finansowe wyc<span class=\"_ _2\"></span>eniane </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:403.8851px; bottom:255.74365px;\">w warto\u015bci god<span class=\"_ _2\"></span>ziwej </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:388.1408px; bottom:243.41968px;\">do wyniku finans<span class=\"_ _2\"></span>owego</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:523.549px; bottom:280.54764px;\">Aktywa finansowe </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:544.45276px; bottom:268.22366px;\">wyceniane wg </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:524.94104px; bottom:255.74365px;\">zamortyzowanego </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:577.525px; bottom:243.41968px;\">kosztu</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:659.101px; bottom:293.02765px;\">Zobowi\u0105zania </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:622.75305px; bottom:280.54764px;\">finansowe wyc<span class=\"_ _2\"></span>eniane </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:688.585px; bottom:268.22366px;\">wed\u0142ug </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:637.4172px; bottom:255.74365px;\">zamortyzowanego </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:691.5485px; bottom:243.41968px;\">kosztu</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:769.70496px; bottom:255.74365px;\">Instrumenty </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:753.79297px; bottom:243.41968px;\">Zabezpieczaj\u0105ce</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:896.53284px; bottom:243.41968px;\">Og\u00f3\u0142em</div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:231.71967px;\">Nota 4.2  </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:221.11166px;\">Nota 6.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:226.10367px;\">Przychody z tytu\u0142u odsetek <span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:226.10367px;\">-</div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:591.25275px; bottom:226.10367px;\"> 495<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:226.10367px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:226.10367px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:226.10367px;\"> 495<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:203.01569px;\">Nota 6.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:208.47568px;\">Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bc<span class=\"_ _2\"></span>i po\u017cyczek udzielonych </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:196.93167px;\">wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:202.70367px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:587.0407px; bottom:202.70367px;\">2 380<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:202.70367px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:202.70367px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:202.70367px;\">2 380<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:182.8917px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:182.73569px;\">Koszty z tytu\u0142u odsetek </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:182.73569px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:182.73569px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:704.653px; bottom:182.73569px;\">( 94)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:182.73569px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:182.73569px;\">( 94)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:167.9157px;\">Nota 4.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:167.6037px;\">Zyski / (Straty) z tytu\u0142u r\u00f3\u017cnic kursowych <span class=\"_ _2\"></span>innych ni\u017c zad\u0142u\u017cenie </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.21698px; bottom:167.6037px;\"> 181<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:587.0407px; bottom:167.6037px;\">1 358<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:699.193px; bottom:167.6037px;\">( 545)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:167.6037px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:167.6037px;\"> 994<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:152.7837px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:152.4717px;\">Straty z tytu\u0142u r\u00f3\u017cnic kursowych od zad\u0142<span class=\"_ _2\"></span>u\u017cenia </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:152.4717px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:152.4717px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:699.193px; bottom:152.4717px;\">( 299)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:152.4717px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:909.6369px; bottom:152.4717px;\">( 299)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:137.6517px;\">Nota 4.4 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:137.49571px;\">Straty z tytu\u0142u utraty warto\u015bci  </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:137.49571px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:591.25275px; bottom:137.49571px;\">( 13)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:137.49571px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:137.49571px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:137.49571px;\">( 13)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:122.67572px;\">Nota 4.4 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:122.36371px;\">Odwr\u00f3cenie strat z tytu\u0142u utraty warto<span class=\"_ _2\"></span>\u015bci </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:122.36371px;\">-</div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:596.55676px; bottom:122.36371px;\"> 27<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:122.36371px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:122.36371px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:919.6209px; bottom:122.36371px;\"> 27<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:107.54372px;\">Nota 7.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:107.23172px;\">Przychody z um\u00f3w z klientami </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:107.23172px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:107.23172px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:107.23172px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:107.23172px;\">(1 651)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:905.2689px; bottom:107.23172px;\">(1 651)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:94.43973px;\">Nota 4.2 </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:83.831726px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:88.82373px;\">Przychody z tytu\u0142u wyceny i realizacji<span class=\"_ _2\"></span> instrument\u00f3w pochodnych </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.21698px; bottom:88.82373px;\"> 453<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:88.82373px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:88.82373px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:88.82373px;\">-</div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:88.82373px;\"> 453<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:72.44374px;\">Nota 4.2 </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:61.83574px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:66.82774px;\">Koszty z tytu\u0142u wyceny i realizacji i<span class=\"_ _2\"></span>nstrument\u00f3w pochodnych  </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:472.52454px; bottom:66.82774px;\">( 848)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:66.82774px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:66.82774px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:66.82774px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:909.6369px; bottom:66.82774px;\">( 848)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:48.73175px;\">Nota 4.3 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:48.41974px;\">Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119t<span class=\"_ _2\"></span>ych kredyt\u00f3w </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:48.41974px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:48.41974px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:704.653px; bottom:48.41974px;\">( 25)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:48.41974px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:48.41974px;\">( 25)<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:33.599747px;\">Nota 4.2 </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:33.28775px;\">Straty z wyceny do warto\u015bci g<span class=\"_ _2\"></span>odziwej nale\u017cno\u015bci finansowych </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.21698px; bottom:33.28775px;\">( 39)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:33.28775px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:33.28775px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:33.28775px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:915.5645px; bottom:33.28775px;\">( 39)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:18.155754px;\">Pozosta\u0142e straty </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:18.155754px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:18.155754px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:709.17694px; bottom:18.155754px;\">( 8)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:824.30493px; bottom:18.155754px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:919.6209px; bottom:18.155754px;\">( 8)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc2 sc0 ls0 ws0\" style=\"left:63.192993px; bottom:1.9317627px;\">Og\u00f3\u0142em zysk/(strata) netto </div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:471.4331px; bottom:1.9317627px;\">( 253)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:587.0407px; bottom:1.9317627px;\">4 247<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:699.193px; bottom:1.9317627px;\">( 971)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:1.9317627px;\">(1 651)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:1.9317627px;\">1 372<span class=\"_ _192\"> </span></div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:332.86935px;\">Hierarchia wart<span class=\"_ _3\"></span>o\u015bci godziwej i<span class=\"_ _3\"></span>nstrument\u00f3w fina<span class=\"_ _3\"></span>nsowych  </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:423.38522px; bottom:317.7374px;\">Stan na 31.12<span class=\"_ _3\"></span>.2022 </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:740.065px; bottom:317.7374px;\">Stan na 31.12<span class=\"_ _3\"></span>.2021 </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:394.38083px; bottom:299.32938px;\">warto\u015b\u0107 godziwa<span class=\"_ _3\"></span> </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:579.3967px; bottom:294.02536px;\">warto\u015b\u0107 </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:568.93304px; bottom:279.98538px;\">bilansowa</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:706.52496px; bottom:300.26535px;\">warto\u015b\u0107 godziwa<span class=\"_ _3\"></span> </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:900.9007px; bottom:286.8494px;\">warto\u015b\u0107 </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:890.1367px; bottom:272.6534px;\">bilansowa</div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:278.26938px;\">Klasy instrum<span class=\"_ _3\"></span>ent\u00f3w finansow<span class=\"_ _3\"></span>ych </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:346.94513px; bottom:278.26938px;\">poziom 1</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:423.38522px; bottom:278.26938px;\">poziom 2</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:278.26938px;\">poziom 3</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:659.101px; bottom:278.26938px;\">poziom 1</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:278.26938px;\">poziom 2</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:808.08093px; bottom:278.26938px;\">poziom  3</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:256.2734px;\">Po\u017cyczki udzielon<span class=\"_ _3\"></span>e  </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:256.2734px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:453.961px; bottom:256.2734px;\"> 20</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:517.93274px; bottom:256.2734px;\">7 787</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:591.25275px; bottom:256.2734px;\">9 623</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:256.2734px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:765.337px; bottom:256.2734px;\"> 22</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:829.1409px; bottom:256.2734px;\">8 193</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:913.06464px; bottom:256.2734px;\">8 336</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:239.42538px;\">Akcje notowane<span class=\"_ _3\"></span> </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:371.43652px; bottom:239.42538px;\"> 422</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:465.6728px; bottom:239.42538px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:239.42538px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.55676px; bottom:239.42538px;\"> 422</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:683.437px; bottom:239.42538px;\"> 516</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:777.19293px; bottom:239.42538px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:239.42538px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:917.5929px; bottom:239.42538px;\"> 516</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:222.73343px;\">Akcje nienotowan<span class=\"_ _3\"></span>e </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:222.73343px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:453.961px; bottom:222.73343px;\"> 99</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:222.73343px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:603.2647px; bottom:222.73343px;\"> 99</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:222.73343px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:765.337px; bottom:222.73343px;\"> 99</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:222.73343px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:925.3929px; bottom:222.73343px;\"> 99</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:205.8854px;\">Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:205.8854px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:447.7328px; bottom:205.8854px;\"> 751</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:205.8854px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.55676px; bottom:205.8854px;\"> 751</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:205.8854px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:759.2525px; bottom:205.8854px;\"> 627</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:205.8854px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:917.5929px; bottom:205.8854px;\"> 627</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:189.19339px;\">Pochodne instrum<span class=\"_ _3\"></span>enty finans<span class=\"_ _3\"></span>owe, z tego: </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:189.19339px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:447.7328px; bottom:189.19339px;\"> 357</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:189.19339px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.55676px; bottom:189.19339px;\"> 357</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:189.19339px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:747.24097px; bottom:189.19339px;\">(1 174)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:189.19339px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:906.5169px; bottom:189.19339px;\">(1 174)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:172.34543px;\">     aktywa  </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:172.34543px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:443.3531px; bottom:172.34543px;\">1 510</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:172.34543px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:591.25275px; bottom:172.34543px;\">1 510</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:172.34543px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:759.2525px; bottom:172.34543px;\"> 849</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:172.34543px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:917.5929px; bottom:172.34543px;\"> 849</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:155.65344px;\">     zobowi\u0105zania<span class=\"_ _3\"></span> </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:155.65344px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:155.65344px;\">(1 153)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:155.65344px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:585.4807px; bottom:155.65344px;\">(1 153)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:155.65344px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:747.24097px; bottom:155.65344px;\">(2 023)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:155.65344px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:906.5169px; bottom:155.65344px;\">(2 023)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:138.80545px;\">D\u0142ugoterminow<span class=\"_ _3\"></span>e kredyty i po\u017cyc<span class=\"_ _3\"></span>zki otrzymane </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:138.80545px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:138.80545px;\">(2 560)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:138.80545px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:585.4807px; bottom:138.80545px;\">(2 560)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:138.80545px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:747.24097px; bottom:138.80545px;\">(2 913)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:138.80545px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:906.5169px; bottom:138.80545px;\">(2 901)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:122.113434px;\">D\u0142ugoterminow<span class=\"_ _3\"></span>e d\u0142u\u017cne papier<span class=\"_ _3\"></span>y warto\u015bciowe </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:360.21683px; bottom:122.113434px;\">(1 952)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:465.6728px; bottom:122.113434px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:122.113434px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:585.4807px; bottom:122.113434px;\">(2 000)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:670.64453px; bottom:122.113434px;\">(2 034)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:777.19293px; bottom:122.113434px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:122.113434px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:906.5169px; bottom:122.113434px;\">(2 000)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:105.26544px;\">Pozosta\u0142e aktyw<span class=\"_ _3\"></span>a finansowe </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:105.26544px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:453.961px; bottom:105.26544px;\"> 37</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:105.26544px;\">65</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.55676px; bottom:105.26544px;\"> 102</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:105.26544px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:777.19293px; bottom:105.26544px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:105.26544px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:935.3714px; bottom:105.26544px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:88.573456px;\">Pozosta\u0142e zob<span class=\"_ _3\"></span>owi\u0105zania finanso<span class=\"_ _3\"></span>we </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:88.573456px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:447.7328px; bottom:88.573456px;\">( 34)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:542.413px; bottom:88.573456px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.55676px; bottom:88.573456px;\">( 34)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:700.285px; bottom:88.573456px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:753.79297px; bottom:88.573456px;\">( 159)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:88.573456px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:913.06464px; bottom:88.573456px;\">( 159)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:48.63748px;\">Grupa <span class=\"_ _53\"></span>nie <span class=\"_ _0\"></span>ujaw<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>finansowych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>wycenianych <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>spraw<span class=\"_ _3\"></span>ozdaniu <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>syt<span class=\"_ _2\"></span>uacji <span class=\"_ _53\"></span>finansowej <span class=\"_ _53\"></span>w zamorty<span class=\"_ _3\"></span>zowanym <span class=\"_ _53\"></span>koszcie <span class=\"_ _53\"></span>(za <span class=\"_ _53\"></span>wyj\u0105tkiem <span class=\"_ _53\"></span>udzielonych <span class=\"_ _53\"></span>po\u017cyczek, <span class=\"_ _53\"></span>otrzymanych </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:34.597473px;\">d\u0142ugoterminowy<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>kredyt\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>po\u017cycz<span class=\"_ _3\"></span>ek <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>d\u0142ugotermin<span class=\"_ _3\"></span>owych <span class=\"_ _0\"></span>d\u0142u\u017cnych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>papier\u00f3w <span class=\"_ _0\"></span>warto\u015bci<span class=\"_ _3\"></span>owych), <span class=\"_ _0\"></span>poniewa\u017c <span class=\"_ _53\"></span>korzysta <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>zwolnienia <span class=\"_ _0\"></span>wynika<span class=\"_ _3\"></span>j\u0105cego <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>MSSF <span class=\"_ _0\"></span>7.29<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(Ujawnianie <span class=\"_ _0\"></span>informacji <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>warto\u015bci </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:20.40149px;\">godziwej nie jes<span class=\"_ _3\"></span>t wymagane, gdy<span class=\"_ _3\"></span> warto\u015b\u0107 bilansowa j<span class=\"_ _3\"></span>est zasadnicz<span class=\"_ _3\"></span>o zbli\u017cona do warto\u015b<span class=\"_ _3\"></span>ci godziwej).<span class=\"_ _3\"></span> </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:2.305481px;\">W bie\u017c\u0105cym <span class=\"_ _3\"></span>okresie sprawozdaw<span class=\"_ _3\"></span>czym w Grup<span class=\"_ _3\"></span>ie nie dokonan<span class=\"_ _3\"></span>o przesuni\u0119\u0107 mi\u0119dz<span class=\"_ _3\"></span>y poszczeg\u00f3lnymi <span class=\"_ _3\"></span>poziomami <span class=\"_ _3\"></span>hierarchii warto\u015bci <span class=\"_ _3\"></span>godziwej instrum<span class=\"_ _3\"></span>ent\u00f3w finansow<span class=\"_ _3\"></span>ych.</div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:907.10254px;\">Metody <span class=\"_ _5e\"> </span>oraz <span class=\"_ _5e\"> </span>techniki <span class=\"_ _5e\"> </span>wyceny <span class=\"_ _5e\"> </span>wykorzystane <span class=\"_ _67\"> </span>pr<span class=\"_ _3\"></span>zez <span class=\"_ _5e\"> </span>Grup\u0119 <span class=\"_ _5e\"> </span>Kapita\u0142ow\u0105 <span class=\"_ _5e\"> </span>przy <span class=\"_ _67\"> </span>ust<span class=\"_ _3\"></span>alaniu <span class=\"_ _5e\"> </span>warto\u015bci <span class=\"_ _5e\"> </span>godziwych </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:892.90656px;\">poszczeg\u00f3lnych k<span class=\"_ _3\"></span>ategorii aktyw<span class=\"_ _3\"></span>\u00f3w finansowych lub <span class=\"_ _3\"></span>zobowi\u0105za\u0144 finans<span class=\"_ _3\"></span>owych. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:870.9105px;\">Poziom 1 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:852.8146px;\">Akcje notowane </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:838.77454px;\">Akcje wycenion<span class=\"_ _3\"></span>o w oparciu o not<span class=\"_ _3\"></span>owania GPW w Warszawie <span class=\"_ _3\"></span>S.A. oraz TSX Ventur<span class=\"_ _3\"></span>e Exchange w Toront<span class=\"_ _3\"></span>o.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:820.6786px;\">D\u0142ugoterminowe d\u0142u\u017cn<span class=\"_ _3\"></span>e papiery warto\u015bciow<span class=\"_ _3\"></span>e </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:802.5826px;\">D\u0142ugoterminowe <span class=\"_ _53\"></span>d\u0142u\u017cne <span class=\"_ _0\"></span>papiery <span class=\"_ _53\"></span>warto\u015bciowe <span class=\"_ _0\"></span>wyceniono <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>oparciu <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>notowania <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>rynku<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:449.11627px; bottom:802.5826px;\">Catalyst <span class=\"_ _0\"></span>prowadzon<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>GPW<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:788.3866px;\">w Warszawie S.A. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:766.39056px;\">Poziom 2 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:748.4506px;\">Akcje/udzia\u0142y nien<span class=\"_ _3\"></span>otowane </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:734.2546px;\">Akcje/udzia\u0142y <span class=\"_ _5a\"> </span>nien<span class=\"_ _3\"></span>otowane <span class=\"_ _5a\"> </span>wyceniane <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>zastosowaniem <span class=\"_ _59\"> </span>wyceny <span class=\"_ _5a\"> </span>maj\u0105tkowej <span class=\"_ _5a\"> </span>wg <span class=\"_ _5a\"> </span>skory<span class=\"_ _3\"></span>gowanych <span class=\"_ _5a\"> </span>aktyw\u00f3w <span class=\"_ _5a\"> </span>netto.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:720.0586px;\">Do wyceny zosta\u0142y wykorzys<span class=\"_ _3\"></span>tane dane wej\u015bciowe inne ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re s\u0105 obserwowal<span class=\"_ _3\"></span>ne (np. ceny </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:705.8626px;\">transakcyjne <span class=\"_ _1\"> </span>nieruchomo\u015bci <span class=\"_ _74\"> </span>podobnych <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>b\u0119d\u0105cych <span class=\"_ _74\"> </span>przedmiotem <span class=\"_ _1\"> </span>wyceny, <span class=\"_ _74\"> </span>rynkowe <span class=\"_ _74\"> </span>stopy  pr<span class=\"_ _3\"></span>ocentowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:691.6666px;\">obligacji Skarbu <span class=\"_ _2\"></span>Pa\u0144stwa i <span class=\"_ _2\"></span>lokat <span class=\"_ _2\"></span>terminowych w <span class=\"_ _2\"></span>instytucjach finansowych, stopa <span class=\"_ _2\"></span>dyskontowa wolna od <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>publikowana </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:677.62665px;\">przez Europejski <span class=\"_ _3\"></span>Urz\u0105d Nadzoru Ubezpi<span class=\"_ _3\"></span>ecze\u0144 i Pracownicz<span class=\"_ _3\"></span>ych Program\u00f3w Emery<span class=\"_ _3\"></span>talnych).  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:655.6306px;\">Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:641.43463px;\">Nale\u017cno\u015bci <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>tytu\u0142u  realizacji <span class=\"_ _57\"> </span>transakcji <span class=\"_ _57\"> </span>sprzeda\u017c<span class=\"_ _3\"></span>y <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>kontrakt\u00f3w <span class=\"_ _57\"> </span>rozliczaj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _57\"> </span>si\u0119 <span class=\"_ _57\"> </span>ostatecz<span class=\"_ _3\"></span>nie <span class=\"_ _57\"> </span>wg <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>z przysz\u0142o\u015bci,<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:627.23865px;\">wyceniono <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>cen <span class=\"_ _0\"> </span>te<span class=\"_ _2\"></span>rminow<span class=\"_ _3\"></span>ych <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>zale\u017cno\u015bci <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>okresu/miesi\u0105ca <span class=\"_ _0\"></span>kwotowania <span class=\"_ _0\"></span>umowneg<span class=\"_ _3\"></span>o. <span class=\"_ _1\"> </span>Cen<span class=\"_ _3\"></span>y <span class=\"_ _0\"> </span>terminowe <span class=\"_ _1\"> </span>uzyskuje<span class=\"_ _3\"></span> <span class=\"_ _0\"> </span>si\u0119 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:613.19867px;\">z systemu Reuters. <span class=\"_ _3\"></span>  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:599.0027px;\">Dla <span class=\"_ _74\"> </span>nale\u017cno\u015bci <span class=\"_ _74\"> </span>obj\u0119tych <span class=\"_ _74\"> </span>faktoringiem <span class=\"_ _1\"> </span>pe\u0142nym <span class=\"_ _58\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>godziw\u0105 <span class=\"_ _74\"> </span>ustala <span class=\"_ _74\"> </span>si\u0119 <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>ziomie <span class=\"_ _1\"> </span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _74\"> </span>przekazanej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:584.80664px;\">do faktora (warto\u015b\u0107 <span class=\"_ _2\"></span>nominalna z faktury) <span class=\"_ _2\"></span>pomni<span class=\"_ _3\"></span>ejszonej o <span class=\"_ _2\"></span>odsetki stanowi\u0105ce <span class=\"_ _2\"></span>wynagrodzeni<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>faktora. Ze wzgl\u0119du <span class=\"_ _2\"></span>na kr\u00f3tki </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:570.61066px;\">okres <span class=\"_ _0\"></span>pomi\u0119dzy <span class=\"_ _0\"></span>przekazaniem <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>faktora <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>jej <span class=\"_ _0\"></span>sp\u0142at\u0105, <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"></span>nie <span class=\"_ _0\"> </span>koryguje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>o <span class=\"_ _0\"> </span>ryzyko <span class=\"_ _0\"> </span>kredytowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:556.4147px;\">faktora i wp\u0142yw up<span class=\"_ _3\"></span>\u0142ywu czasu. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:538.4747px;\">Po\u017cyczki udzielone<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:524.2787px;\">W <span class=\"_ _0\"></span>pozycji <span class=\"_ _0\"></span>tej <span class=\"_ _0\"></span>uj\u0119to <span class=\"_ _0\"></span>po\u017cyczki <span class=\"_ _0\"></span>wycenione <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _53\"></span>g<span class=\"_ _2\"></span>odziwej <span class=\"_ _0\"></span>dla <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>godziwa <span class=\"_ _0\"> </span>zosta\u0142a <span class=\"_ _0\"></span>oszacowana <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>bazie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:510.0827px;\">przep\u0142yw\u00f3w <span class=\"_ _67\"> </span>kontraktowych <span class=\"_ _67\"> </span>(z <span class=\"_ _69\"> </span>umowy) <span class=\"_ _67\"> </span>przy <span class=\"_ _69\"> </span>wykorzystaniu <span class=\"_ _67\"> </span>modelu <span class=\"_ _69\"> </span>zdyskontowan<span class=\"_ _3\"></span>ych <span class=\"_ _69\"> </span>przep\u0142yw\u00f3w <span class=\"_ _67\"> </span>pieni\u0119\u017cnych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:495.88672px;\">z uwzgl\u0119dnieniem ryz<span class=\"_ _3\"></span>yka kredytoweg<span class=\"_ _3\"></span>o po\u017cyczkobiorcy.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:473.8907px;\">Pozosta\u0142e aktywa/zo<span class=\"_ _3\"></span>bowi\u0105zania fin<span class=\"_ _3\"></span>ansowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:459.8507px;\">W <span class=\"_ _53\"></span>pozycji <span class=\"_ _53\"></span>te<span class=\"_ _2\"></span>j <span class=\"_ _53\"></span>uj\u0119to <span class=\"_ _53\"></span>nale\u017cno\u015bci/zobowi\u0105zania <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>rozliczenia <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>finansowych, <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _53\"></span>termin </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:445.65472px;\">p\u0142atno\u015bci <span class=\"_ _1\"> </span>przypada <span class=\"_ _1\"> </span>dwa <span class=\"_ _1\"> </span>dni <span class=\"_ _1\"> </span>robocze <span class=\"_ _1\"> </span>po <span class=\"_ _74\"> </span>dniu <span class=\"_ _1\"> </span>ko\u0144cz\u0105cym <span class=\"_ _1\"> </span>okres <span class=\"_ _1\"> </span>sprawozdawczy. <span class=\"_ _1\"> </span>Instrumenty <span class=\"_ _1\"> </span>te <span class=\"_ _1\"> </span>wycenione <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _1\"> </span>do </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:431.45874px;\">warto\u015bci godziwej us<span class=\"_ _3\"></span>talonej wed\u0142u<span class=\"_ _3\"></span>g ceny referencyjnej r<span class=\"_ _3\"></span>ozliczenia tych transakcji<span class=\"_ _3\"></span>. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:409.4627px;\">Pochodne instrume<span class=\"_ _3\"></span>nty finansowe \u2013 walut<span class=\"_ _3\"></span>owe oraz walut<span class=\"_ _3\"></span>owo-odsetkowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:391.52274px;\">W <span class=\"_ _74\"> </span>przypadku <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _1\"> </span>instrument\u00f3w <span class=\"_ _74\"> </span>pochodnych <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>rynku <span class=\"_ _74\"> </span>walutowym <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>transakcji <span class=\"_ _74\"> </span>walutowo-odsetkowych <span class=\"_ _1\"> </span>(CIRS), </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:377.32675px;\">w celu <span class=\"_ _2\"></span>ustalenia ich <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>godziwej pos\u0142u\u017cono <span class=\"_ _2\"></span>si\u0119 ce<span class=\"_ _2\"></span>nami terminowymi na <span class=\"_ _2\"></span>daty <span class=\"_ _2\"></span>zapadalno\u015bci pos<span class=\"_ _2\"></span>zczeg<span class=\"_ _3\"></span>\u00f3lnych <span class=\"_ _2\"></span>transakcji.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:363.13074px;\">Cena <span class=\"_ _2\"></span>terminowa dla <span class=\"_ _2\"></span>kurs\u00f3w <span class=\"_ _53\"></span>walutowych o<span class=\"_ _2\"></span>bliczona zosta\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>fixingu <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>odpowiednich <span class=\"_ _2\"></span>st\u00f3p <span class=\"_ _2\"></span>procentowych. <span class=\"_ _2\"></span>Stopy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:348.93475px;\">procentowe <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>walut <span class=\"_ _54\"> </span>oraz <span class=\"_ _5a\"> </span>wska\u017aniki <span class=\"_ _54\"> </span>zmienno\u015bci <span class=\"_ _5a\"> </span>ich <span class=\"_ _54\"> </span>kurs\u00f3w <span class=\"_ _5a\"> </span>s\u0105 <span class=\"_ _5a\"> </span>uzyskiwane <span class=\"_ _54\"> </span>z <span class=\"_ _3\"></span>serwisu <span class=\"_ _54\"> </span>Reuters. <span class=\"_ _5a\"> </span>Do <span class=\"_ _54\"> </span>wyceny <span class=\"_ _5a\"> </span>opcji </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:334.73877px;\">europejskich na <span class=\"_ _3\"></span>rynkach walutowych po<span class=\"_ _3\"></span>s\u0142u\u017cono si\u0119 standar<span class=\"_ _3\"></span>dowym modelem Garmana<span class=\"_ _3\"></span>-Kohlhagena. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:312.89877px;\">Pochodne instrume<span class=\"_ _3\"></span>nty finansowe \u2013 me<span class=\"_ _3\"></span>tale  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:298.7028px;\">W przypadku <span class=\"_ _2\"></span>transakcji instrument\u00f3w pochodnych na <span class=\"_ _2\"></span>rynku towarowym, w <span class=\"_ _2\"></span>celu <span class=\"_ _2\"></span>ustalenia ich <span class=\"_ _2\"></span>warto\u015bci godziwej <span class=\"_ _2\"></span>pos\u0142u\u017cono<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:284.50677px;\">si\u0119 <span class=\"_ _57\"> </span>ce<span class=\"_ _2\"></span>nami <span class=\"_ _57\"> </span>terminowymi <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>daty <span class=\"_ _59\"> </span>zapadalno\u015bc<span class=\"_ _3\"></span>i <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>szczeg\u00f3lnyc<span class=\"_ _3\"></span>h <span class=\"_ _57\"> </span>transakcji. <span class=\"_ _57\"> </span>W <span class=\"_ _59\"> </span>przypadku <span class=\"_ _57\"> </span>miedzi <span class=\"_ _57\"> </span>u\u017cyto <span class=\"_ _59\"> </span>oficjalne <span class=\"_ _57\"> </span>ceny </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:270.3108px;\">zamkni\u0119cia L<span class=\"_ _2\"></span>ondon Metal <span class=\"_ _2\"></span>Exchange, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>w odniesieniu <span class=\"_ _2\"></span>do srebra oraz <span class=\"_ _2\"></span>z\u0142ota <span class=\"_ _2\"></span>- <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>fixing <span class=\"_ _2\"></span>ustalonej na <span class=\"_ _2\"></span>Lo<span class=\"_ _2\"></span>ndon Bullio<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Market </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:256.1148px;\">Association. Wska\u017aniki <span class=\"_ _2\"></span>zmienno\u015bci oraz <span class=\"_ _2\"></span>krzywe <span class=\"_ _2\"></span>terminowe s\u0142u\u017c\u0105ce <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>wyceny instrument\u00f3w pochodnych <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>koniec okresu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:242.0748px;\">sprawozdawczeg<span class=\"_ _3\"></span>o <span class=\"_ _57\"> </span>uzyskano  z systemu  Reuters.  Do<span class=\"_ _2\"></span>  wyceny  opcji  azjatyckich <span class=\"_ _57\"> </span>na  rynkach  metali <span class=\"_ _57\"> </span>wykorzystana  zosta\u0142a </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:227.87881px;\">aproksymacja Le<span class=\"_ _3\"></span>vy\u2019ego do metodol<span class=\"_ _3\"></span>ogii Blacka-Scholesa. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:205.88281px;\">Otrzymane d\u0142ug<span class=\"_ _3\"></span>oterminowe kredyty i po\u017cyczki<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:191.68683px;\">Warto\u015b\u0107 <span class=\"_ _59\"> </span>godziwa <span class=\"_ _59\"> </span>kredyt\u00f3w <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>po\u017cyczek <span class=\"_ _59\"> </span>szacowana <span class=\"_ _59\"> </span>jest <span class=\"_ _59\"> </span>poprzez <span class=\"_ _59\"> </span>zdyskontowanie <span class=\"_ _59\"> </span>zwi\u0105zanych <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tymi <span class=\"_ _59\"> </span>zobowi\u0105zaniami </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:177.49081px;\">przep\u0142yw\u00f3w <span class=\"_ _0\"></span>finans<span class=\"_ _3\"></span>owych <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>terminach <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>warunkach <span class=\"_ _53\"></span>wynikaj\u0105cych <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>um\u00f3<span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>przy <span class=\"_ _53\"></span>zastosowaniu <span class=\"_ _0\"></span>bie\u017c\u0105cych <span class=\"_ _53\"></span>st\u00f3p. <span class=\"_ _0\"></span>Warto\u015b\u0107 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:163.45084px;\">godziwa r\u00f3\u017cni si\u0119 <span class=\"_ _3\"></span>od warto\u015bci bilansow<span class=\"_ _3\"></span>ej o kwot\u0119 prowizji z<span class=\"_ _3\"></span>ap\u0142aconych w zwi\u0105z<span class=\"_ _3\"></span>ku z otrzymanym f<span class=\"_ _3\"></span>inansowaniem. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:141.45483px;\">Poziom 3 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:123.35884px;\">Po\u017cyczki udzielone <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:109.16286px;\">Do  kategorii  tej  zaliczamy  po\u017cyczki  udzielone  wycenian<span class=\"_ _3\"></span>e  w  sprawozdaniu  z  sytuacji  finansowej  w  zamortyzowanym<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:95.12286px;\">koszcie,  ze  wzgl\u0119du <span class=\"_ _57\"> </span>na  wykorz<span class=\"_ _3\"></span>ystanie  w wycenie  do <span class=\"_ _57\"> </span>warto\u015bci<span class=\"_ _3\"></span>  g<span class=\"_ _2\"></span>odziwej  za\u0142o\u017ce\u0144  nieobserwo<span class=\"_ _3\"></span>walnych.  W  o<span class=\"_ _2\"></span>szacowaniu<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:80.926865px;\">warto\u015bci <span class=\"_ _74\"> </span>godziwej  tych <span class=\"_ _74\"> </span>po\u017cyczek <span class=\"_ _74\"> </span>istotnym  elemen<span class=\"_ _3\"></span>tem  sz<span class=\"_ _3\"></span>acunku <span class=\"_ _74\"> </span>s\u0105  prognozowane <span class=\"_ _74\"> </span>przep\u0142ywy <span class=\"_ _74\"> </span>pieni\u0119\u017cne  Sierra <span class=\"_ _74\"> </span>Gorda </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:66.730865px;\">S.C.M., <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _5a\"> </span>s<span class=\"_ _2\"></span>tanowi\u0105 <span class=\"_ _54\"> </span>ni<span class=\"_ _3\"></span>eobserwowalne <span class=\"_ _54\"> </span>dan<span class=\"_ _3\"></span>e <span class=\"_ _54\"> </span>wej\u015bciowe <span class=\"_ _54\"> </span>i <span class=\"_ _54\"> </span>zgodnie <span class=\"_ _5a\"> </span>z <span class=\"_ _54\"> </span>MSSF <span class=\"_ _54\"> </span>13 <span class=\"_ _54\"> </span>warto\u015b\u0107 <span class=\"_ _5a\"> </span>go<span class=\"_ _2\"></span>dziwa <span class=\"_ _5a\"> </span>tych <span class=\"_ _54\"> </span>aktyw\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:52.53488px;\">klasyfikowana <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>do poziomu <span class=\"_ _54\"> </span>3 <span class=\"_ _54\"> </span>hie<span class=\"_ _2\"></span>rarchii. <span class=\"_ _54\"> </span>Stopa <span class=\"_ _54\"> </span>dyskonta <span class=\"_ _54\"> </span>przyj\u0119ta <span class=\"_ _54\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _54\"> </span>wyliczenia <span class=\"_ _54\"> </span>warto\u015bci <span class=\"_ _54\"> </span>godziwej <span class=\"_ _54\"> </span>po<span class=\"_ _2\"></span>\u017cyczek </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:38.338882px;\">wycenianych w zam<span class=\"_ _3\"></span>ortyzowanym k<span class=\"_ _3\"></span>oszcie wynosi 9,75% <span class=\"_ _3\"></span>( na dzie\u0144 31 grudn<span class=\"_ _3\"></span>ia 2021 r. 8%). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:16.498886px;\">Szczeg\u00f3\u0142owe <span class=\"_ _74\"> </span>ujawnienia <span class=\"_ _74\"> </span>w  z<span class=\"_ _3\"></span>akresie  z<span class=\"_ _3\"></span>a\u0142o\u017ce\u0144 <span class=\"_ _74\"> </span>przyj\u0119tych  do <span class=\"_ _74\"> </span>wyceny <span class=\"_ _74\"> </span>po\u017cyczek <span class=\"_ _74\"> </span>zaprezentowano <span class=\"_ _74\"> </span>w <span class=\"_ _58\"> </span>Nocie <span class=\"_ _74\"> </span>6.2,  natomias<span class=\"_ _3\"></span>t </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.3028946px;\">wra\u017cliwo\u015b\u0107 <span class=\"_ _57\"> </span>warto\u015bci  godziwej <span class=\"_ _57\"> </span>zakwalifikowanej  do <span class=\"_ _57\"> </span>poziomu <span class=\"_ _57\"> </span>3  dla <span class=\"_ _57\"> </span>udzielonych <span class=\"_ _57\"> </span>po\u017cyczek <span class=\"_ _57\"> </span>w  Nocie <span class=\"_ _57\"> </span>7.5.2.4. <span class=\"_ _57\"> </span>Na <span class=\"_ _57\"> </span>dzie\u0144<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:30.69629px;\">31 grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>za\u0142o\u017cenia <span class=\"_ _74\"> </span>przyj\u0119te <span class=\"_ _74\"> </span>do <span class=\"_ _74\"> </span>prognozowanych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>pieni\u0119\u017cnych <span class=\"_ _74\"> </span>zastosowane <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>wyceny <span class=\"_ _74\"> </span>warto\u015bci<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:16.500305px;\">godziwej <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _53\"></span>sp\u00f3jne <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>za\u0142o\u017ceniami <span class=\"_ _53\"></span>dot. <span class=\"_ _0\"></span>obliczenia <span class=\"_ _0\"></span>wart<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>bilansowej, <span class=\"_ _53\"></span>nato<span class=\"_ _2\"></span>miast <span class=\"_ _53\"></span>r\u00f3\u017cnica <span class=\"_ _0\"></span>pomi\u0119dzy <span class=\"_ _53\"></span>warto\u015bci\u0105 <span class=\"_ _0\"></span>bilansowa<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.3043213px;\">a warto\u015bci\u0105 godziw\u0105 wyn<span class=\"_ _3\"></span>ika z przyj\u0119cia r<span class=\"_ _3\"></span>\u00f3\u017cnych st\u00f3p dyskontowy<span class=\"_ _3\"></span>ch. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:830.34357px;\">Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:812.40356px;\">W <span class=\"_ _0\"></span>pozycji <span class=\"_ _53\"></span>te<span class=\"_ _2\"></span>j <span class=\"_ _0\"></span>uj\u0119to <span class=\"_ _53\"></span>nale\u017cno\u015b\u0107 <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>tytu\u0142u <span class=\"_ _53\"></span>p\u0142<span class=\"_ _2\"></span>atn<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _0\"></span>warunkowych <span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>wi\u0105zanych <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>umow\u0105 <span class=\"_ _0\"></span>zbycia <span class=\"_ _0\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>zale\u017cnej <span class=\"_ _0\"></span>S.C.M. <span class=\"_ _0\"></span>Franke,<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:798.2076px;\">kt\u00f3ra <span class=\"_ _53\"></span>zosta\u0142a <span class=\"_ _53\"></span>oszacowana <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>podstawie <span class=\"_ _53\"></span>modelu <span class=\"_ _53\"></span>prawdopodobie<span class=\"_ _3\"></span>\u0144stwa, <span class=\"_ _53\"></span>wynikaj\u0105cego <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>oferty <span class=\"_ _53\"></span>wi\u0105\u017c\u0105cej <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwzgl\u0119dnieniem </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:784.0116px;\">dyskonta dla wyp<span class=\"_ _3\"></span>\u0142at na lata przysz\u0142e. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:758.5836px;\">Nota 7.2 Pochodne i<span class=\"_ _3\"></span>nstrumenty fi<span class=\"_ _3\"></span>nansowe </div><div class=\"c wd1 h2a\" style=\"left:0.004714966px; bottom:736.74445px;\"><div class=\"t m4 x10 h8 y123 ff1 fs6 fc0 sc0 ls0 ws0\">Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:721.1436px;\">Pochodne <span class=\"_ _0\"></span>instrumenty <span class=\"_ _0\"></span>finansowe <span class=\"_ _0\"> </span>zalicza <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>aktyw\u00f3w/zobowi\u0105za\u0144 <span class=\"_ _0\"></span>finansowych <span class=\"_ _0\"></span>wycenianych <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>warto\u015bci<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>godziwej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:706.94763px;\">przez wynik finans<span class=\"_ _3\"></span>owy, o ile nie zosta\u0142y w<span class=\"_ _3\"></span>yznaczone jako ins<span class=\"_ _3\"></span>trumenty zabezpieczaj\u0105c<span class=\"_ _3\"></span>e. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:688.8516px;\">Transakcje kupna lub <span class=\"_ _3\"></span>sprzeda\u017cy instrumen<span class=\"_ _3\"></span>t\u00f3w pochodnych ujmuj<span class=\"_ _3\"></span>e si\u0119 na dzie\u0144 przepr<span class=\"_ _3\"></span>owadzenia (z<span class=\"_ _3\"></span>awarcia) transakcji. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:670.7556px;\">Instrumenty <span class=\"_ _2\"></span>pochodne <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>wyznaczone <span class=\"_ _53\"></span>jako <span class=\"_ _2\"></span>zabezpieczaj\u0105ce, <span class=\"_ _53\"></span>okre\u015blane <span class=\"_ _2\"></span>jako <span class=\"_ _53\"></span>instrumenty <span class=\"_ _53\"></span>pochodne <span class=\"_ _53\"></span>handlow<span class=\"_ _3\"></span>e, <span class=\"_ _53\"></span>ujmuje </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:656.55963px;\">si\u0119 <span class=\"_ _53\"></span>pocz\u0105tkowo <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>godziwej <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>wycenia <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _53\"></span>ko\u0144cz\u0105cy <span class=\"_ _53\"></span>okres <span class=\"_ _53\"></span>sprawozdawczy <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>war<span class=\"_ _3\"></span>to\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uj\u0119ciem </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:642.36365px;\">zysk\u00f3w/strat z <span class=\"_ _3\"></span>wyceny w wyniku finans<span class=\"_ _3\"></span>owym.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:624.42365px;\">W Grupie <span class=\"_ _2\"></span>Kapita\u0142owej KGHM Polska <span class=\"_ _2\"></span>Mied\u017a S.A. <span class=\"_ _2\"></span>Jednostka Dominuj\u0105ca  <span class=\"_ _2\"></span>stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:610.22766px;\">pieni\u0119\u017cnych.  Ce<span class=\"_ _2\"></span>lem <span class=\"_ _57\"> </span>stosowania<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>rachunkowo\u015bci <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>e\u0144 <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>ograniczenie  zmienno\u015bci <span class=\"_ _57\"> </span>wyniku <span class=\"_ _57\"> </span>netto <span class=\"_ _57\"> </span>Jednostki </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:596.0317px;\">Dominuj\u0105cej, <span class=\"_ _0\"></span>wynikaj\u0105cej <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>okresowych <span class=\"_ _0\"></span>zmian <span class=\"_ _0\"></span>wyceny <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>ransakcj<span class=\"_ _3\"></span>i <span class=\"_ _1\"> </span>zabezpieczaj\u0105cych <span class=\"_ _0\"></span>poszczeg\u00f3ln<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _0\"></span>rynkowe, <span class=\"_ _0\"></span>na </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:581.99164px;\">kt\u00f3re <span class=\"_ _1\"> </span>nara\u017cona <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>Jednostka <span class=\"_ _0\"></span>Dominuj\u0105ca. <span class=\"_ _1\"> </span>Instrumentami <span class=\"_ _0\"> </span>zabezpieczaj\u0105cymi <span class=\"_ _1\"> </span>mog\u0105 <span class=\"_ _0\"> </span>by\u0107 <span class=\"_ _1\"> </span>instrumenty <span class=\"_ _1\"> </span>pochodne <span class=\"_ _1\"> </span>oraz<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:567.79565px;\">kredyty i po\u017cyczki <span class=\"_ _3\"></span>w walucie obcej. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:549.69965px;\">Wyznaczane <span class=\"_ _1\"> </span>zabezpiecz<span class=\"_ _3\"></span>enia <span class=\"_ _1\"> </span>dotycz\u0105 <span class=\"_ _1\"> </span>przysz\u0142ych <span class=\"_ _1\"> </span>prognozowanych <span class=\"_ _0\"></span>transakcji <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>przyj\u0119tych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Planie <span class=\"_ _1\"> </span>Sprzeda\u017cy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:535.50366px;\">na dany rok. <span class=\"_ _2\"></span>Plany te sporz\u0105dzane s\u0105 <span class=\"_ _2\"></span>w oparciu o<span class=\"_ _2\"></span> mo\u017cliwo\u015bci produkcyjne <span class=\"_ _2\"></span>na dany okres. <span class=\"_ _2\"></span>Jednostka Dominuj\u0105ca ocenia </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:521.3077px;\">prawdopodobie\u0144stw<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>wyst\u0105pienia transakcji <span class=\"_ _2\"></span>uj\u0119tych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>planie <span class=\"_ _2\"></span>produkcji <span class=\"_ _2\"></span>jako bardzo <span class=\"_ _2\"></span>wysokie, <span class=\"_ _2\"></span>poniewa\u017c <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>historycznego<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:507.2677px;\">punktu <span class=\"_ _1\"> </span>widzenia <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _1\"> </span>zawsze <span class=\"_ _0\"> </span>re<span class=\"_ _2\"></span>alizowana <span class=\"_ _0\"></span>by\u0142<span class=\"_ _2\"></span>a <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>poziomach <span class=\"_ _1\"> </span>za\u0142o\u017conych <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>szczeg\u00f3lny<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>Planach <span class=\"_ _0\"> </span>Sprzeda\u017cy. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:493.07172px;\">Pozycj\u0119 <span class=\"_ _2\"></span>zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie<span class=\"_ _2\"></span>\u017c przysz\u0142e <span class=\"_ _2\"></span>przep\u0142ywy <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u ko<span class=\"_ _2\"></span>szt\u00f3w odsetkowych o<span class=\"_ _2\"></span>d wyemitowany<span class=\"_ _3\"></span>ch <span class=\"_ _2\"></span>obligacji </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:478.87573px;\">w PLN. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:460.77972px;\">Jednostka <span class=\"_ _55\"> </span>Dominuj\u0105ca <span class=\"_ _55\"> </span>mo\u017ce <span class=\"_ _55\"> </span>korzysta\u0107 <span class=\"_ _5e\"> </span>z <span class=\"_ _55\"> </span>naturalnych <span class=\"_ _5e\"> </span>zabezpiecze\u0144 <span class=\"_ _55\"> </span>ryzyka <span class=\"_ _55\"> </span>walutowego <span class=\"_ _55\"> </span>poprzez <span class=\"_ _55\"> </span>zastosowanie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:446.58374px;\">rachunkowo\u015bci zabezpiecze\u0144 <span class=\"_ _2\"></span>w stosunku do<span class=\"_ _2\"></span> kredyt\u00f3w i <span class=\"_ _2\"></span>po\u017cyczek <span class=\"_ _2\"></span>denominowanych <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>USD, wy<span class=\"_ _2\"></span>znaczaj\u0105c je <span class=\"_ _2\"></span>jako<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>pozycj<span class=\"_ _3\"></span>e </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:432.5437px;\">zabezpieczaj\u0105ce <span class=\"_ _59\"> </span>przed <span class=\"_ _59\"> </span>ryzykiem<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>kursu <span class=\"_ _59\"> </span>walutowego <span class=\"_ _59\"> </span>zwi\u0105zanego <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>przysz\u0142ymi <span class=\"_ _5a\"> </span>przychodami<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>Jednostki <span class=\"_ _59\"> </span>Dominuj\u0105cej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:418.34772px;\">ze sprzeda\u017cy miedzi, <span class=\"_ _3\"></span>srebra i innych meta<span class=\"_ _3\"></span>li, denominowanych w <span class=\"_ _3\"></span>USD. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:400.25174px;\">Zyski <span class=\"_ _1\"> </span>i <span class=\"_ _0\"> </span>st<span class=\"_ _2\"></span>raty <span class=\"_ _1\"> </span>wynikaj\u0105ce <span class=\"_ _0\"></span>ze <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _1\"> </span>godziwej <span class=\"_ _1\"> </span>instrume<span class=\"_ _3\"></span>ntu <span class=\"_ _1\"> </span>zabezpieczaj\u0105cego <span class=\"_ _0\"></span>przep\u0142ywy <span class=\"_ _0\"></span>pieni\u0119\u017cne <span class=\"_ _1\"> </span>ujmowane </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:386.05576px;\">s\u0105 w pozosta\u0142ych <span class=\"_ _1\"> </span>ca\u0142kowitych <span class=\"_ _1\"> </span>dochodach, <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>takiej <span class=\"_ _74\"> </span>cz\u0119\u015bci, <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>jakiej <span class=\"_ _1\"> </span>dany <span class=\"_ _1\"> </span>instrument <span class=\"_ _74\"> </span>stanowi <span class=\"_ _1\"> </span>skuteczne <span class=\"_ _1\"> </span>zabezpieczeni<span class=\"_ _3\"></span>e </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:371.85974px;\">zwi\u0105zanej <span class=\"_ _5d\"> </span>z nim <span class=\"_ _5d\"> </span>pozycj<span class=\"_ _2\"></span>i <span class=\"_ _5d\"> </span>zabezpieczanej. <span class=\"_ _5d\"> </span>Grupa <span class=\"_ _64\"> </span>ujmuje <span class=\"_ _5d\"> </span>w <span class=\"_ _5d\"> </span>kapita\u0142ach <span class=\"_ _64\"> </span>z <span class=\"_ _5d\"> </span>wyceny <span class=\"_ _64\"> </span>cz\u0119\u015b\u0107 <span class=\"_ _5d\"> </span>zmiany <span class=\"_ _5d\"> </span>instrumentu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:357.81976px;\">zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go wynikaj\u0105cej ze zmia<span class=\"_ _3\"></span>ny warto\u015bci czasowej <span class=\"_ _3\"></span>opcji, elementu terminowe<span class=\"_ _3\"></span>go oraz mar\u017c<span class=\"_ _3\"></span>y walutowej. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:343.62375px;\">Cz\u0119\u015b\u0107 <span class=\"_ _0\"></span>nieskuteczn\u0105 <span class=\"_ _0\"></span>odnosi <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _0\"> </span>do<span class=\"_ _2\"></span> wyniku <span class=\"_ _0\"></span>finansowego <span class=\"_ _0\"></span>jako <span class=\"_ _1\"> </span>po<span class=\"_ _3\"></span>zosta\u0142e <span class=\"_ _1\"> </span>przychody <span class=\"_ _0\"></span>i koszty <span class=\"_ _0\"></span>operacyjne. <span class=\"_ _0\"></span>Zyski <span class=\"_ _1\"> </span>lub <span class=\"_ _0\"></span>straty </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:329.42776px;\">powsta\u0142e <span class=\"_ _56\"> </span>na <span class=\"_ _56\"> </span>instrumencie <span class=\"_ _56\"> </span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105cym <span class=\"_ _56\"> </span>przep\u0142ywy <span class=\"_ _56\"> </span>pieni\u0119\u017cne <span class=\"_ _61\"> </span>o<span class=\"_ _2\"></span>dnoszone <span class=\"_ _61\"> </span>s\u0105 do wyniku <span class=\"_ _56\"> </span>jako <span class=\"_ _56\"> </span>korekta </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:315.23178px;\">z przeklasyfikowania <span class=\"_ _3\"></span>w momencie, gdy dana<span class=\"_ _3\"></span> pozycja zabezpi<span class=\"_ _3\"></span>eczana wp\u0142ywa na w<span class=\"_ _3\"></span>ynik. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:297.29178px;\">Zaprzestaje <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>ujmowania <span class=\"_ _0\"></span>instrument\u00f3w <span class=\"_ _1\"> </span>pochodn<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>jako <span class=\"_ _1\"> </span>zabezpieczaj\u0105cych, <span class=\"_ _0\"> </span>je\u017celi <span class=\"_ _1\"> </span>instrument <span class=\"_ _1\"> </span>pochodny <span class=\"_ _1\"> </span>wyga\u015b<span class=\"_ _3\"></span>nie, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:283.0958px;\">zostanie <span class=\"_ _5a\"> </span>sprzeda<span class=\"_ _3\"></span>ny, <span class=\"_ _5a\"> </span>wypowiedz<span class=\"_ _3\"></span>iany, <span class=\"_ _5a\"> </span>zrealizowany <span class=\"_ _59\"> </span>lub <span class=\"_ _5a\"> </span>je\u017celi <span class=\"_ _5a\"> </span>zmianie <span class=\"_ _59\"> </span>uleg\u0142 <span class=\"_ _5a\"> </span>cel <span class=\"_ _5a\"> </span>zarz\u0105<span class=\"_ _3\"></span>dzania <span class=\"_ _5a\"> </span>ryzykiem <span class=\"_ _59\"> </span>dla <span class=\"_ _5a\"> </span>danego </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:268.89978px;\">powi\u0105zania.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:250.8038px;\">Jednostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>mo\u017ce <span class=\"_ _53\"></span>podj\u0105\u0107 <span class=\"_ _53\"></span>decyzj\u0119 <span class=\"_ _53\"></span>o <span class=\"_ _53\"></span>ustanowieniu <span class=\"_ _2\"></span>dla <span class=\"_ _53\"></span>danego <span class=\"_ _53\"></span>instrumentu <span class=\"_ _53\"></span>pochodne<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>owego <span class=\"_ _53\"></span>powi\u0105zania<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:236.60779px;\">zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go,  dok<span class=\"_ _3\"></span>ona\u0107  z<span class=\"_ _3\"></span>miany <span class=\"_ _74\"> </span>przeznaczenia  instrum<span class=\"_ _3\"></span>entu <span class=\"_ _74\"> </span>pochodnego  b<span class=\"_ _3\"></span>\u0105d\u017a <span class=\"_ _74\"> </span>wyznaczy\u0107  go <span class=\"_ _74\"> </span>do  za<span class=\"_ _3\"></span>bezpieczenia </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:222.56781px;\">innego <span class=\"_ _5a\"> </span>rodzaju <span class=\"_ _5a\"> </span>ryzyka. <span class=\"_ _5a\"> </span>W\u00f3wczas, <span class=\"_ _5a\"> </span>dla zabezpiecze\u0144 <span class=\"_ _5a\"> </span>przep\u0142yw<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5a\"> </span>\u015brodk\u00f3w <span class=\"_ _5a\"> </span>pieni\u0119\u017cnych, <span class=\"_ _5a\"> </span>zyski <span class=\"_ _5a\"> </span>lub <span class=\"_ _5a\"> </span>straty <span class=\"_ _5a\"> </span>po<span class=\"_ _2\"></span>wsta\u0142e<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:208.37183px;\">w okresach, w kt\u00f3rych <span class=\"_ _2\"></span>zabezpieczenie <span class=\"_ _2\"></span>by\u0142o e<span class=\"_ _2\"></span>fektywne pozostaj\u0105 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>skumulowanych pozosta\u0142ych <span class=\"_ _2\"></span>ca\u0142kowitych dochodach </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:194.17581px;\">a\u017c do momentu, <span class=\"_ _3\"></span>w kt\u00f3rym zabezpieczana poz<span class=\"_ _3\"></span>ycja wp\u0142ynie na <span class=\"_ _3\"></span>wynik. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:176.07983px;\">Je\u015bli zabezpieczenie progn<span class=\"_ _3\"></span>ozowanej transakcji przestani<span class=\"_ _3\"></span>e funkcjonowa\u0107 ze wzgl\u0119du na<span class=\"_ _3\"></span> zaistnia\u0142e prawdopodobie\u0144stwo,<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:161.88382px;\">\u017ce planowana <span class=\"_ _59\"> </span>transakcja <span class=\"_ _57\"> </span>nie <span class=\"_ _59\"> </span>zost<span class=\"_ _2\"></span>anie <span class=\"_ _59\"> </span>zawa<span class=\"_ _3\"></span>rta, <span class=\"_ _59\"> </span>w\u00f3wczas <span class=\"_ _59\"> </span>zysk <span class=\"_ _59\"> </span>lub <span class=\"_ _57\"> </span>st<span class=\"_ _2\"></span>rata <span class=\"_ _59\"> </span>netto <span class=\"_ _59\"> </span>uj\u0119ta <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>pozosta\u0142ych <span class=\"_ _59\"> </span>ca\u0142kowitych<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:147.68784px;\">dochodach zostaj<span class=\"_ _3\"></span>e natychmiast przeniesi<span class=\"_ _3\"></span>ona do wyniku finans<span class=\"_ _3\"></span>owego jako korek<span class=\"_ _3\"></span>ta wynikaj\u0105ca z prz<span class=\"_ _3\"></span>eklasyfikowania.    </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:129.74785px;\">Je\u017celi <span class=\"_ _2\"></span>umowa hybrydowa zawiera instrument <span class=\"_ _2\"></span>podstawowy, kt\u00f3ry nie <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>sk\u0142adnikiem aktyw\u00f3w finansowych, instrument </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:115.55185px;\">pochodny <span class=\"_ _59\"> </span>jest <span class=\"_ _5a\"> </span>oddzielany <span class=\"_ _59\"> </span>od <span class=\"_ _59\"> </span>inst<span class=\"_ _2\"></span>rumentu <span class=\"_ _59\"> </span>podstawowego <span class=\"_ _59\"> </span>i <span class=\"_ _5a\"> </span>jest <span class=\"_ _59\"> </span>wyceniany <span class=\"_ _59\"> </span>zgodnie <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>zasadami <span class=\"_ _5a\"> </span>przewidzianym<span class=\"_ _3\"></span>i </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:101.35585px;\">dla instrument\u00f3w <span class=\"_ _74\"> </span>pochodnych,  wy\u0142\u0105czni<span class=\"_ _3\"></span>e  gdy  (i) <span class=\"_ _74\"> </span>e<span class=\"_ _2\"></span>konomiczna <span class=\"_ _74\"> </span>charakterystyka  i  ryzyka <span class=\"_ _74\"> </span>instrumentu  wbud<span class=\"_ _3\"></span>owanego </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:87.31586px;\">nie s\u0105 \u015bci\u015ble  powi\u0105zan<span class=\"_ _3\"></span>e  z  char<span class=\"_ _3\"></span>aktere<span class=\"_ _2\"></span>m  um<span class=\"_ _3\"></span>owy  zasadniczej <span class=\"_ _74\"> </span>i  ryzykami  z  niej  wynika<span class=\"_ _3\"></span>j\u0105cymi,  (ii)  odr\u0119bny  ins<span class=\"_ _3\"></span>trument, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:73.11987px;\">kt\u00f3rego <span class=\"_ _2\"></span>charakterystyka <span class=\"_ _2\"></span>odpowiada <span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>chom <span class=\"_ _2\"></span>wbudowanego <span class=\"_ _2\"></span>instrumentu <span class=\"_ _53\"></span>pochodn<span class=\"_ _3\"></span>ego, <span class=\"_ _53\"></span>spe\u0142nia\u0142by <span class=\"_ _2\"></span>warunki <span class=\"_ _2\"></span>instrumentu<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:58.923874px;\">pochodnego,  oraz<span class=\"_ _3\"></span>  (iii)  instrume<span class=\"_ _3\"></span>nt  \u0142\u0105czny  nie <span class=\"_ _74\"> </span>j<span class=\"_ _2\"></span>est  zalicza<span class=\"_ _3\"></span>ny  do <span class=\"_ _74\"> </span>akty<span class=\"_ _2\"></span>w\u00f3w  finans<span class=\"_ _3\"></span>owych  wycenia<span class=\"_ _3\"></span>nych  wed\u0142ug  w<span class=\"_ _3\"></span>arto\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:44.727875px;\">godziwej, <span class=\"_ _5a\"> </span>kt\u00f3rych <span class=\"_ _54\"> </span>skutki <span class=\"_ _5a\"> </span>przeszacowania <span class=\"_ _5a\"> </span>s\u0105 <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>dnoszone <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>pozosta<span class=\"_ _3\"></span>\u0142ych <span class=\"_ _54\"> </span>przych<span class=\"_ _3\"></span>od\u00f3w <span class=\"_ _54\"> </span>lub <span class=\"_ _5a\"> </span> <span class=\"_ _5a\"> </span>po<span class=\"_ _2\"></span>zosta\u0142ych <span class=\"_ _5a\"> </span>koszt\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:30.531876px;\">operacyjnych <span class=\"_ _67\"> </span>okresu <span class=\"_ _5e\"> </span>sprawozdawczego. <span class=\"_ _67\"> </span>Je\u017celi <span class=\"_ _67\"> </span>wbud<span class=\"_ _3\"></span>owany <span class=\"_ _67\"> </span>instrument <span class=\"_ _67\"> </span>pochodny <span class=\"_ _5e\"> </span>jest <span class=\"_ _67\"> </span>wydzielany, <span class=\"_ _67\"> </span>instrumen<span class=\"_ _3\"></span>t </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:16.49189px;\">podstawowy <span class=\"_ _59\"> </span>jest <span class=\"_ _5a\"> </span>wycenian<span class=\"_ _3\"></span>y <span class=\"_ _5a\"> </span>zgodnie <span class=\"_ _59\"> </span>z <span class=\"_ _5a\"> </span>odpowiednimi <span class=\"_ _59\"> </span>dla niego <span class=\"_ _59\"> </span>zasadami <span class=\"_ _59\"> </span>rachunkowo\u015bci. <span class=\"_ _59\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105<span class=\"_ _3\"></span>ca </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.2958908px;\">wydziela wbudowane instrumenty pochodne w transakcjach  <span class=\"_ _2\"></span>zakupu surowc\u00f3w z terminem rozliczenia w <span class=\"_ _2\"></span>przysz\u0142o\u015bci po<span class=\"_ _192\"> </span> </div><div class=\"c wd2 h2e\" style=\"left:0.004714966px; bottom:-0.8121948px;\"><div class=\"t m4 x10 h8 y141a ff2 fs6 fc0 sc0 ls0 ws0\">dacie uj\u0119cia faktur<span class=\"_ _3\"></span>y zakupu w ksi\u0119gach rachun<span class=\"_ _3\"></span>kowych do dnia <span class=\"_ _3\"></span>ostatecznego rozlic<span class=\"_ _192\"> </span></div></div><div class=\"c wd3 h2e\" style=\"left:393.43674px; bottom:-0.8121948px;\"><div class=\"t m4 x10 h8 y141a ff2 fs6 fc0 sc0 ls0 ws0\">zenia transak<span class=\"_ _3\"></span>cji.<span class=\"_ _192\"> </span> </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:16.491943px;\">J<span class=\"_ _192\"> </span>e\u017celi <span class=\"_ _57\"> </span>umowa  hybrydowa  zawiera  inst<span class=\"_ _2\"></span>rument  podstawowy,  kt\u00f3ry <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>sk\u0142adnikiem  aktyw\u00f3w  finansowych, <span class=\"_ _57\"> </span>kryteria<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.2958984px;\">przewidziane dla klas<span class=\"_ _3\"></span>yfikacji aktyw\u00f3w finan<span class=\"_ _3\"></span>sowych stosuje si<span class=\"_ _3\"></span>\u0119 do \u0142\u0105cznej umowy.<span class=\"_ _192\"> </span><span class=\"_ _3\"></span> </div><div class=\"c wd4 h2a\" style=\"left:0.004714966px; bottom:50.190735px;\"><div class=\"t m4 x10 h8 y1016 ff1 fs6 fc0 sc0 ls0 ws0\">Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:30.68982px;\">Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyc<span class=\"_ _2\"></span>eny do warto\u015bci <span class=\"_ _2\"></span>godziwej<span class=\"_ _3\"></span> instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1,<span class=\"_ _2\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:16.493835px;\">w  punkcie  \u201e<span class=\"ff1\"> </span>Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  prz<span class=\"_ _3\"></span>y  ustalaniu  warto\u015bci  godziwych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.2978516px;\">poszczeg\u00f3lnych ka<span class=\"_ _3\"></span>tegorii aktyw\u00f3w <span class=\"_ _3\"></span>finansowych lub zobowi\u0105z<span class=\"_ _3\"></span>a\u0144 finansowych\u201d <span class=\"_ _3\"></span> oraz w tabelach w <span class=\"_ _3\"></span>Nocie 7.2 poni\u017cej.<span class=\"_ _192\"> </span><span class=\"_ _3\"></span> </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:482.59113px; bottom:560.6193px;\">Instrumenty p<span class=\"_ _3\"></span>ochodne zabezp<span class=\"_ _3\"></span>ieczaj\u0105ce \u2013 pozycj<span class=\"_ _3\"></span>e otwarte na <span class=\"_ _3\"></span>dzie\u0144 ko\u0144cz\u0105cy o<span class=\"_ _3\"></span>kres sprawozd<span class=\"_ _3\"></span>awczy </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:902.3871px; bottom:533.63135px;\">Stan na 31.12.202<span class=\"_ _2\"></span>2 <span class=\"_ _f2\"> </span> <span class=\"_ _8d\"> </span>Stan na 31.12.2021<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:497.20312px; bottom:520.68335px;\">Typ instrumentu poc<span class=\"_ _2\"></span>hodnego<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:795.0591px; bottom:520.0593px;\">Aktywa finansowe<span class=\"_ _2\"></span> <span class=\"_ _114\"> </span>Zobowi\u0105zania finans<span class=\"_ _2\"></span>owe </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1083.8152px; bottom:493.22736px;\">Razem</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1150.883px; bottom:520.0593px;\">Aktywa finansowe<span class=\"_ _2\"></span> <span class=\"_ _115\"> </span>Zobowi\u0105zania finans<span class=\"_ _2\"></span>owe </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1402.199px; bottom:493.22736px;\">Razem</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:801.75464px; bottom:505.55133px;\">D\u0142ugo-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:784.28326px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:870.71893px; bottom:505.55133px;\">Kr\u00f3tko-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:855.57465px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:946.5349px; bottom:505.55133px;\">D\u0142ugo-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:928.1269px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1024.9912px; bottom:505.55133px;\">Kr\u00f3tko-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1010.6509px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1159.9307px; bottom:505.55133px;\">D\u0142ugo-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1141.6792px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1220.4591px; bottom:505.55133px;\">Kr\u00f3tko-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1205.3267px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1288.0073px; bottom:505.55133px;\">D\u0142ugo-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1269.1311px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1347.9111px; bottom:505.55133px;\">Kr\u00f3tko-</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1332.4667px; bottom:493.22736px;\">terminowe</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:491.79514px; bottom:477.7834px;\">Instrumenty zab<span class=\"_ _2\"></span>ezpieczaj\u0105ce (CFH)<span class=\"_ _2\"></span>, w tym: <span class=\"_ _9e\"> </span> <span class=\"_ _76\"> </span><span class=\"fc0\">709</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:886.46326px; bottom:477.7834px;\">755</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:952.1392px; bottom:477.7834px;\">(700)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1033.4269px; bottom:477.7834px;\">(280)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1098.9352px; bottom:477.7834px;\">484</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1172.7231px; bottom:477.7834px;\">585</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1236.3711px; bottom:477.7834px;\">249</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1286.135px; bottom:477.7834px;\">(1 056)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1358.363px; bottom:477.7834px;\">(848)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1402.199px; bottom:477.7834px;\">(1 070)</div><div class=\"c wd6 h12\" style=\"left:504.89908px; bottom:460.6233px;\"><div class=\"t me x10 h5 y142c ff1 fs3 fc2 sc0 ls0 ws0\">Instrumenty pochod<span class=\"_ _2\"></span>ne </div></div><div class=\"c w9 h12\" style=\"left:612.3831px; bottom:460.6233px;\"><div class=\"t me x10 h5 y142c ff1 fs3 fc2 sc0 ls0 ws0\">\u2013</div></div><div class=\"c wd7 h12\" style=\"left:618.155px; bottom:460.6233px;\"><div class=\"t me x10 h5 y142c ff1 fs3 fc2 sc0 ls0 ws0\">Metale (c<span class=\"_ _2\"></span>ena Cu, Ag)</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:450.6394px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa*</span> (Cu<span class=\"_ _2\"></span>) </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:818.7711px; bottom:450.6394px;\">60</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:886.46326px; bottom:450.6394px;\">440</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:957.7669px; bottom:450.6394px;\">(36)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1034.6631px; bottom:450.6394px;\">(232)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1098.9352px; bottom:450.6394px;\">232</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1172.7231px; bottom:450.6394px;\">299</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1240.5826px; bottom:450.6394px;\">89</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1293.6226px; bottom:450.6394px;\">(578)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1358.363px; bottom:450.6394px;\">(837)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1402.199px; bottom:450.6394px;\">(1 027)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:437.84735px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">korytarz </span>(Ag) </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:825.94696px; bottom:437.84735px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:437.84735px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:437.84735px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:437.84735px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1110.0234px; bottom:437.84735px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1177.5591px; bottom:437.84735px;\">11</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1240.5826px; bottom:437.84735px;\">97</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:437.84735px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:437.84735px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1415.1467px; bottom:437.84735px;\">108</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:424.8994px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa* </span>(Ag<span class=\"_ _2\"></span>) </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:824.38696px; bottom:424.8994px;\">5</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:890.6753px; bottom:424.8994px;\">50</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:963.8509px; bottom:424.8994px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1045.7509px; bottom:424.8994px;\">(3)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1104.0833px; bottom:424.8994px;\">51</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1177.5591px; bottom:424.8994px;\">92</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1240.5826px; bottom:424.8994px;\">49</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1299.707px; bottom:424.8994px;\">(14)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:424.8994px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1415.1467px; bottom:424.8994px;\">127</div><div class=\"c wd6 h62\" style=\"left:504.89908px; bottom:409.1433px;\"><div class=\"t me x10 h5 y1314 ff1 fs3 fc2 sc0 ls0 ws0\">Instrumenty pochod<span class=\"_ _2\"></span>ne </div></div><div class=\"c w9 h62\" style=\"left:612.3831px; bottom:409.1433px;\"><div class=\"t me x10 h5 y1314 ff1 fs3 fc2 sc0 ls0 ws0\">\u2013</div></div><div class=\"c wd8 h62\" style=\"left:618.155px; bottom:409.1433px;\"><div class=\"t me x10 h5 y1314 ff1 fs3 fc2 sc0 ls0 ws0\">Walutowe (<span class=\"_ _2\"></span>kurs USDPLN)</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:399.1594px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">korytarz</span> <span class=\"_ _116\"> </span><span class=\"ff1 fcb\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:813.7673px; bottom:399.0034px;\">328</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:886.46326px; bottom:399.0034px;\">262</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:957.7669px; bottom:399.0034px;\">(88)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1040.7592px; bottom:399.0034px;\">(11)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1098.9352px; bottom:399.1594px;\">491</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1182.863px; bottom:399.1594px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.6666px; bottom:399.1594px;\">5</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1304.855px; bottom:399.1594px;\">(2)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:399.1594px;\">(6)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1420.295px; bottom:399.1594px;\">(2)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:386.3674px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa*</span> <span class=\"_ _f2\"> </span><span class=\"ff1 fcb\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:824.38696px; bottom:386.0554px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:895.66724px; bottom:386.0554px;\">3</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:963.8509px; bottom:386.0554px;\">(6)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1040.7592px; bottom:386.0554px;\">(34)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:386.3674px;\">(36)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1177.5591px; bottom:386.3674px;\">20</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.6666px; bottom:386.3674px;\">9</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1299.707px; bottom:386.3674px;\">(31)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:386.3674px;\">(5)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1420.295px; bottom:386.3674px;\">(7)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:504.89908px; bottom:373.1074px;\">Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013 Walutow<span class=\"_ _2\"></span>o-procentow<span class=\"_ _2\"></span>e<span class=\"ff2 fc0\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:360.6274px;\">Swap walutowo-p<span class=\"_ _2\"></span>rocentowy CIRS </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:813.7673px; bottom:360.6274px;\">315</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:360.6274px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:954.0112px; bottom:360.6274px;\">(569)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:360.6274px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1091.9269px; bottom:360.6274px;\">(254)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1172.7231px; bottom:360.6274px;\">162</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:360.6274px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1293.6226px; bottom:360.6274px;\">(431)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:360.6274px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1409.999px; bottom:360.6274px;\">(269)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:491.79514px; bottom:345.0274px;\">Instrumenty handlow<span class=\"_ _2\"></span>e, w tym: <span class=\"_ _117\"> </span><span class=\"fcf\"> <span class=\"_ _ce\"> </span><span class=\"fc0\">5</span></span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:890.6753px; bottom:345.0274px;\">41</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:957.7669px; bottom:345.0274px;\">(14)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1033.4269px; bottom:345.0274px;\">(118)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:345.0274px;\">(86)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1182.863px; bottom:345.0274px;\">6</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.6666px; bottom:345.0274px;\">3</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1297.9911px; bottom:345.0274px;\">(73)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1362.5751px; bottom:345.0274px;\">(40)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1409.999px; bottom:345.0274px;\">(104)</div><div class=\"c wd6 h53\" style=\"left:504.89908px; bottom:327.71127px;\"><div class=\"t me x10 h5 y1440 ff1 fs3 fc2 sc0 ls0 ws0\">Instrumenty pochod<span class=\"_ _2\"></span>ne </div></div><div class=\"c w9 h53\" style=\"left:612.3831px; bottom:327.71127px;\"><div class=\"t me x10 h5 y1440 ff1 fs3 fc2 sc0 ls0 ws0\">\u2013</div></div><div class=\"c wd9 h53\" style=\"left:618.155px; bottom:327.71127px;\"><div class=\"t me x10 h5 y1440 ff1 fs3 fc2 sc0 ls0 ws0\">Metale (c<span class=\"_ _2\"></span>ena Cu, Ag, Au)</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:317.88342px;\">Sprzedane<span class=\"_ _2\"></span> opcje sprzeda\u017cy (Cu) <span class=\"_ _8b\"> </span><span class=\"ff1\"> <span class=\"_ _1a\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:317.88342px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:957.7669px; bottom:317.88342px;\">(13)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1040.7592px; bottom:317.88342px;\">(49)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:317.88342px;\">(62)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:317.88342px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:317.88342px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1299.707px; bottom:317.88342px;\">(57)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:317.88342px;\">(6)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1415.1467px; bottom:317.88342px;\">(63)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:304.93542px;\">Nabyte opcj<span class=\"_ _2\"></span>e sprzeda\u017cy (Cu) <span class=\"_ _118\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:895.66724px; bottom:304.93542px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:304.93542px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:304.93542px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1108.3071px; bottom:304.93542px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:304.93542px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:304.93542px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:304.93542px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:304.93542px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1428.719px; bottom:304.93542px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:292.14343px;\">Nabyte opcj<span class=\"_ _2\"></span>e kupna (Cu) <span class=\"_ _11a\"> </span><span class=\"ff1\"> <span class=\"_ _ce\"> </span></span>4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:890.6753px; bottom:292.14343px;\">32</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:292.14343px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:292.14343px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1104.0833px; bottom:292.14343px;\">36</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:292.14343px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:292.14343px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:292.14343px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:292.14343px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1428.719px; bottom:292.14343px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:279.19543px;\">Transakcje dost<span class=\"_ _2\"></span>osowawcze \u2013 <span class=\"ff3\">swap<span class=\"_ _2\"></span></span> (Cu) <span class=\"_ _ae\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:279.19543px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:279.19543px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1040.7592px; bottom:279.19543px;\">(10)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:279.19543px;\">(10)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:279.19543px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:279.19543px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:279.19543px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:279.19543px;\">(5)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1420.295px; bottom:279.19543px;\">(5)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:266.40344px;\">Sprzedane<span class=\"_ _2\"></span> opcje sprzeda\u017cy (Ag)<span class=\"_ _2\"></span> <span class=\"_ _11b\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:266.40344px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:963.8509px; bottom:266.40344px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1045.7509px; bottom:266.40344px;\">(1)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1102.3792px; bottom:266.40344px;\">(2)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:266.40344px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:266.40344px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1299.707px; bottom:266.40344px;\">(10)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:266.40344px;\">(3)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1415.1467px; bottom:266.40344px;\">(13)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:253.45544px;\">Nabyte opcj<span class=\"_ _2\"></span>e sprzeda\u017cy (Ag) <span class=\"_ _11c\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:253.45544px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:253.45544px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:253.45544px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1110.0234px; bottom:253.45544px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:253.45544px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.6666px; bottom:253.45544px;\">2</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:253.45544px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:253.45544px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1427.1545px; bottom:253.45544px;\">2</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:240.66345px;\">Nabyte opcj<span class=\"_ _2\"></span>e kupna (Ag) <span class=\"_ _11d\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:240.66345px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:240.66345px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:240.66345px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1110.0234px; bottom:240.66345px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1182.863px; bottom:240.66345px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:240.66345px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:240.66345px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:240.66345px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1427.1545px; bottom:240.66345px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:227.71545px;\">Transakcje dost<span class=\"_ _2\"></span>osowawcze \u2013 <span class=\"ff3\">swap<span class=\"_ _2\"></span></span> (Au) <span class=\"_ _ae\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:895.66724px; bottom:227.71545px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:227.71545px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1040.7592px; bottom:227.71545px;\">(14)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:227.71545px;\">(10)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:227.71545px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:227.71545px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:227.71545px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:227.71545px;\">(2)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1420.295px; bottom:227.71545px;\">(2)</div><div class=\"c wda h62\" style=\"left:504.89908px; bottom:211.95929px;\"><div class=\"t me x10 h5 y1450 ff1 fs3 fc2 sc0 ls0 ws0\">Pochodne instru<span class=\"_ _2\"></span>menty </div></div><div class=\"c w9 h62\" style=\"left:610.97906px; bottom:211.95929px;\"><div class=\"t me x10 h5 y1450 ff1 fs3 fc2 sc0 ls0 ws0\">\u2013</div></div><div class=\"c wdb h62\" style=\"left:618.155px; bottom:211.95929px;\"><div class=\"t me x10 h5 y1450 ff1 fs3 fc2 sc0 ls0 ws0\">Walutowe</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:201.97546px;\">Sprzedane<span class=\"_ _2\"></span> opcje sprzeda\u017cy (USDPLN)<span class=\"_ _2\"></span> <span class=\"_ _ca\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:201.97546px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:201.97546px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1045.7509px; bottom:201.97546px;\">(1)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1102.3792px; bottom:201.97546px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:201.97546px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:201.97546px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1304.855px; bottom:201.97546px;\">(5)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:201.97546px;\">(2)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1420.295px; bottom:201.97546px;\">(7)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:189.18347px;\">Nabyte opcj<span class=\"_ _2\"></span>e sprzeda\u017cy (USDPLN)<span class=\"_ _2\"></span> <span class=\"_ _11e\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:189.18347px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:189.18347px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:189.18347px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1110.0234px; bottom:189.18347px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1182.863px; bottom:189.18347px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.6666px; bottom:189.18347px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:189.18347px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:189.18347px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1427.1545px; bottom:189.18347px;\">2</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:176.23547px;\">Nabyte opcj<span class=\"_ _2\"></span>e kupna (USDPLN) <span class=\"_ _1b\"> </span><span class=\"ff1\"> <span class=\"_ _ce\"> </span></span>1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:895.66724px; bottom:176.23547px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:176.23547px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:176.23547px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1108.3071px; bottom:176.23547px;\">5</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1182.863px; bottom:176.23547px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:176.23547px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:176.23547px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:176.23547px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1427.1545px; bottom:176.23547px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:163.44348px;\">Strategi<span class=\"_ _2\"></span>e korytarz oraz <span class=\"ff3\">forward/swap<span class=\"_ _2\"></span></span> (EURPLN)<span class=\"_ _2\"></span> <span class=\"_ _e5\"> </span><span class=\"ff1\"> <span class=\"_ _119\"> </span></span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:163.44348px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:163.44348px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:163.44348px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1110.0234px; bottom:163.44348px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:163.44348px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:163.44348px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1304.855px; bottom:163.44348px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:163.44348px;\">(1)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1420.295px; bottom:163.44348px;\">(2)</div><div class=\"c wdc h62\" style=\"left:504.89908px; bottom:147.68729px;\"><div class=\"t me x10 h5 y1356 ff1 fs3 fc2 sc0 ls0 ws0\">Wbudowane inst<span class=\"_ _2\"></span>rumenty pochod<span class=\"_ _2\"></span>ne (cena Cu, Ag, <span class=\"_ _2\"></span>Au)</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:137.7035px;\">Kontrakty zakupu<span class=\"_ _2\"></span> wsad\u00f3w obcych </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:825.94696px; bottom:137.7035px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:137.7035px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:137.7035px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1040.7592px; bottom:137.7035px;\">(43)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:137.7035px;\">(43)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1184.5793px; bottom:137.7035px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1247.915px; bottom:137.7035px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:137.7035px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1362.5751px; bottom:137.7035px;\">(21)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1415.1467px; bottom:137.7035px;\">(21)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:491.79514px; bottom:119.60751px;\">Instrumenty pierwo<span class=\"_ _2\"></span>tnie zabezpiec<span class=\"_ _2\"></span>zaj\u0105ce wy\u0142\u0105czone <span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:491.79514px; bottom:107.28351px;\">spod rachunkowo\u015bci<span class=\"_ _2\"></span> zabezpiecz<span class=\"_ _2\"></span>e\u0144, w tym:<span class=\"ff2 fc0\"> </span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:825.94696px; bottom:113.52351px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:113.52351px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:963.8509px; bottom:113.52351px;\">(5)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1039.3433px; bottom:113.52351px;\">(36)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:113.52351px;\">(41)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1182.863px; bottom:113.52351px;\">4</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.6666px; bottom:113.52351px;\">2</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1303.295px; bottom:113.52351px;\">(5)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1367.4106px; bottom:113.52351px;\">(1)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1428.719px; bottom:113.52351px;\">-</div><div class=\"c wd6 h12\" style=\"left:504.89908px; bottom:87.62729px;\"><div class=\"t me x10 h5 y1465 ff1 fs3 fc2 sc0 ls0 ws0\">Instrumenty pochod<span class=\"_ _2\"></span>ne </div></div><div class=\"c w9 h12\" style=\"left:612.3831px; bottom:87.62729px;\"><div class=\"t me x10 h5 y1465 ff1 fs3 fc2 sc0 ls0 ws0\">\u2013</div></div><div class=\"c wd8 h12\" style=\"left:618.155px; bottom:87.62729px;\"><div class=\"t me x10 h5 y1465 ff1 fs3 fc2 sc0 ls0 ws0\">Walutowe (<span class=\"_ _2\"></span>kurs USDPLN)</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:77.95552px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa</span> </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:825.94696px; bottom:77.643524px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:77.643524px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:963.8509px; bottom:77.643524px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1045.7509px; bottom:77.643524px;\">(4)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1102.3792px; bottom:77.643524px;\">(5)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1182.863px; bottom:77.643524px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.6666px; bottom:77.643524px;\">2</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1304.855px; bottom:77.643524px;\">(4)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1368.659px; bottom:77.643524px;\">(1)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1427.1545px; bottom:77.643524px;\">1</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:504.89908px; bottom:64.85153px;\">Instrumenty pochod<span class=\"_ _2\"></span>ne \u2013 Metal<span class=\"_ _2\"></span>e (cena Cu, Ag)<span class=\"ff2 fc0\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:51.903534px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa </span>(Ag<span class=\"_ _2\"></span>) </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:825.94696px; bottom:51.903534px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:51.903534px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:971.1829px; bottom:51.903534px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1053.5508px; bottom:51.903534px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1110.0234px; bottom:51.903534px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1158.5266px; bottom:51.903534px;\">- <span class=\"_ _11f\"> </span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1304.855px; bottom:51.903534px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:51.903534px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1420.295px; bottom:51.903534px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.2591px; bottom:39.11154px;\">Strategi<span class=\"_ _2\"></span>e opcyjne \u2013 <span class=\"ff3\">mewa </span>(C<span class=\"_ _2\"></span>u) </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:825.94696px; bottom:39.11154px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.48694px; bottom:39.11154px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:963.8509px; bottom:39.11154px;\">(4)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1039.3433px; bottom:39.11154px;\">(32)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1096.7632px; bottom:39.11154px;\">(36)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1158.5266px; bottom:39.11154px;\">- <span class=\"_ _11f\"> </span>-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1311.719px; bottom:39.11154px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1375.835px; bottom:39.11154px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1428.719px; bottom:39.11154px;\">-</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:491.79514px; bottom:22.575546px;\">RAZEM OTWARTE<span class=\"_ _2\"></span> INSTRUMENTY <span class=\"_ _2\"></span>POCHODNE<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> </span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:813.7673px; bottom:22.575546px;\">714</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:886.46326px; bottom:22.575546px;\">796</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:952.1392px; bottom:22.575546px;\">(719)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1033.4269px; bottom:22.575546px;\">(434)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1098.9352px; bottom:22.575546px;\">357</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1172.7231px; bottom:22.575546px;\">595</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1236.3711px; bottom:22.575546px;\">254</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1286.135px; bottom:22.575546px;\">(1 134)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1358.363px; bottom:22.575546px;\">(889)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:1402.199px; bottom:22.575546px;\">(1 174)</div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:482.59113px; bottom:2.295555px;\">* W ramach struktur o<span class=\"_ _2\"></span>pcyjnych me<span class=\"_ _2\"></span>wa jako zabe<span class=\"_ _2\"></span>zpieczaj\u0105<span class=\"_ _2\"></span>ce (CFH - Cash Flow Hed<span class=\"_ _2\"></span>ging) wyznaczo<span class=\"_ _2\"></span>no struktury<span class=\"_ _2\"></span> korytarz, czyli nabyte<span class=\"_ _2\"></span> opcje sprzeda\u017cy o<span class=\"_ _2\"></span>raz sprzedane<span class=\"_ _2\"></span> opcje kupna.</div>W <span class=\"_ _54\"> </span>tabeli <span class=\"_ _54\"> </span>poni\u017cej <span class=\"_ _54\"> </span>zaprezentowano <span class=\"_ _54\"> </span>szczeg\u00f3\u0142owo <span class=\"_ _54\"> </span>dane <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>pochodnych <span class=\"_ _54\"> </span>wyzn<span class=\"_ _3\"></span>aczonych <span class=\"_ _54\"> </span>jako <span class=\"_ _54\"> </span>zabezpieczaj\u0105ce,<span class=\"_ _3\"></span> posiadanych przez <span class=\"_ _3\"></span>Jednostk\u0119 Dominuj\u0105c\u0105 <span class=\"_ _3\"></span>na dzie\u0144 31 grudnia<span class=\"_ _3\"></span> 2022 r.  Otwarte pochod<span class=\"_ _2\"></span>ne instrum<span class=\"_ _2\"></span>enty zabezpieczaj\u0105c<span class=\"_ _2\"></span>e<span class=\"ff2 fc0\"> </span>Nomina\u0142 transakcji \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena/ kurs/ stopa %<span class=\"_ _192\"> </span>Zapadalno\u015b\u0107 okres rozlic<span class=\"_ _2\"></span>zenia<span class=\"_ _192\"> </span>Okres uj\u0119cia w<span class=\"_ _2\"></span>p\u0142ywu na wynik finansowy*<span class=\"_ _2\"></span>**<span class=\"_ _192\"> </span>mied\u017a [t] srebro [ml<span class=\"_ _2\"></span>n uncji] waluty [mln US<span class=\"_ _2\"></span>D] CIRS [mln PLN]<span class=\"_ _2\"></span> [USD/t]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>] [USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN, sta\u0142a st<span class=\"_ _2\"></span>.% dla USD<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>Typ instrumen<span class=\"_ _2\"></span>tu pochodneg<span class=\"_ _2\"></span>o<span class=\"ff2 fc0\"> </span>Mied\u017a \u2013 strat<span class=\"_ _2\"></span>egie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _a9\"> </span>189 000 <span class=\"_ _9e\"> </span>8 07<span class=\"_ _2\"></span>5 - 9 759 <span class=\"_ _120\"> </span>sty\u201823<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Srebro \u2013 st<span class=\"_ _2\"></span>rategie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _9c\"> </span>4,20 <span class=\"_ _b4\"> </span>26,00 - 4<span class=\"_ _2\"></span>2,00<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">korytarz</span> <span class=\"_ _121\"> </span>2 640 <span class=\"_ _32\"> </span>4<span class=\"_ _3\"></span>,58 - 5,78<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>- gru\u201924<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>- sty\u201925<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">mewa<span class=\"_ _2\"></span>*</span> <span class=\"_ _bf\"> </span>315 <span class=\"_ _a0\"> </span>3,94<span class=\"_ _2\"></span> - 4,54<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201823<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _cc\"> </span>400 <span class=\"_ _ae\"> </span>3,78 i 3,23%<span class=\"_ _192\"> </span>cze \u201824 <span class=\"_ _d4\"> </span>cze \u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _7e\"> </span>1 600 <span class=\"_ _122\"> </span>3,81 i 3,94% <span class=\"_ _71\"> </span>cze \u201829<span class=\"_ _192\"> </span>cze \u201829<span class=\"_ _192\"> </span>- lip \u201829<span class=\"_ _192\"> </span>* <span class=\"_ _1\"> </span>W  ramach  struktur  opcyjnych <span class=\"_ _1\"> </span>me<span class=\"_ _2\"></span>wa <span class=\"_ _1\"> </span>ja<span class=\"_ _2\"></span>ko <span class=\"_ _1\"> </span>za<span class=\"_ _2\"></span>bezpieczaj<span class=\"_ _2\"></span>\u0105ce <span class=\"_ _1\"> </span>(CFH  - <span class=\"_ _1\"> </span>Cash  Flow  Hedging) <span class=\"_ _1\"> </span>wyzn<span class=\"_ _2\"></span>aczono  struktury <span class=\"_ _1\"> </span>kory<span class=\"_ _2\"></span>tarz,  czyli <span class=\"_ _1\"> </span>nabyte<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>opcje sprzeda<span class=\"_ _2\"></span>\u017cy oraz sprzed<span class=\"_ _2\"></span>ane opcje kupna<span class=\"_ _2\"></span>. ** Rozliczen<span class=\"_ _2\"></span>ia p\u0142atno\u015b<span class=\"_ _2\"></span>ci odsetkowych<span class=\"_ _2\"></span> dokonywane<span class=\"_ _2\"></span> s\u0105 w okresowo, co<span class=\"_ _2\"></span> p\u00f3\u0142 roku, do<span class=\"_ _2\"></span> momentu re<span class=\"_ _2\"></span>alizacji transakcji<span class=\"_ _2\"></span>. *** <span class=\"_ _53\"></span>Re<span class=\"_ _2\"></span>klasyfikacja<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zys<span class=\"_ _2\"></span>k\u00f3w <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>strat <span class=\"_ _53\"></span>p<span class=\"_ _2\"></span>owsta\u0142<span class=\"_ _2\"></span>ych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>i<span class=\"_ _2\"></span>nstrumencie<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span>abezpieczaj\u0105cym <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142ywy <span class=\"_ _0\"></span>pieni\u0119\u017cne <span class=\"_ _0\"> </span>z poz<span class=\"_ _2\"></span>osta\u0142ych <span class=\"_ _53\"></span>ca<span class=\"_ _2\"></span>\u0142kowitych <span class=\"_ _0\"> </span>doch<span class=\"_ _2\"></span>od\u00f3w <span class=\"_ _0\"></span>do sprawoz<span class=\"_ _2\"></span>dania <span class=\"_ _59\"> </span>z wyniku <span class=\"_ _59\"> </span>nast\u0119<span class=\"_ _2\"></span>puje <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>okresie <span class=\"_ _59\"> </span>sprawoz<span class=\"_ _2\"></span>dawczym, <span class=\"_ _59\"> </span>w kt\u00f3rym<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>pozycja <span class=\"_ _59\"> </span>zabezp<span class=\"_ _2\"></span>ieczana <span class=\"_ _59\"> </span>wp\u0142yw<span class=\"_ _2\"></span>a <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>wynik <span class=\"_ _59\"> </span>(jako <span class=\"_ _59\"> </span>korekta <span class=\"_ _59\"> </span>pozycji zabezp<span class=\"_ _2\"></span>ieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/kosz<span class=\"_ _2\"></span>t\u00f3w  operacyjnych  dla  rozliczanego<span class=\"_ _2\"></span>  kosztu  zabezpieczenia).  Natomiast<span class=\"_ _2\"></span>  uj\u0119cie  w ksi\u0119gach wyniku z ro<span class=\"_ _2\"></span>zliczenia tran<span class=\"_ _2\"></span>sakcji nast\u0119pu<span class=\"_ _2\"></span>je w dacie jej<span class=\"_ _2\"></span> rozliczenia. W <span class=\"_ _54\"> </span>tabeli <span class=\"_ _54\"> </span>poni\u017cej <span class=\"_ _54\"> </span>zaprezentowano <span class=\"_ _54\"> </span>szczeg\u00f3\u0142owo <span class=\"_ _54\"> </span>dane <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>pochodnych <span class=\"_ _54\"> </span>wyzn<span class=\"_ _3\"></span>aczonych <span class=\"_ _54\"> </span>jako <span class=\"_ _54\"> </span>zabezpieczaj\u0105ce, posiadanych przez <span class=\"_ _3\"></span>Jednostk\u0119 Dominuj\u0105c\u0105 <span class=\"_ _3\"></span>na dzie\u0144 31 grudnia<span class=\"_ _3\"></span> 2021 r.  Otwarte pochod<span class=\"_ _2\"></span>ne instrum<span class=\"_ _2\"></span>enty zabezpieczaj\u0105c<span class=\"_ _2\"></span>e<span class=\"ff2 fc0\"> </span>Nomina\u0142 transakcji \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena/ kurs/ stopa %<span class=\"_ _192\"> </span>Zapadaln<span class=\"_ _192\"> </span>o\u015b\u0107 okres rozlic<span class=\"_ _2\"></span>zenia<span class=\"_ _192\"> </span>Okres uj\u0119cia w<span class=\"_ _2\"></span>p\u0142ywu na wynik finansowy*<span class=\"_ _2\"></span>**<span class=\"_ _192\"> </span>mied\u017a [t] srebro [ml<span class=\"_ _2\"></span>n uncji] waluty [mln US<span class=\"_ _2\"></span>D] CIRS [mln PLN]<span class=\"_ _2\"></span> [USD/t]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>] [USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN, sta\u0142a st<span class=\"_ _2\"></span>.% dla USD<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>od<span class=\"_ _192\"> </span>do<span class=\"_ _192\"> </span>Typ instrumen<span class=\"_ _2\"></span>tu pochodneg<span class=\"_ _2\"></span>o<span class=\"ff2 fc0\"> </span>Mied\u017a \u2013 strat<span class=\"_ _2\"></span>egie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _a9\"> </span>243 000 <span class=\"_ _9f\"> </span>7 553-9 227<span class=\"_ _2\"></span> <span class=\"_ _120\"> </span>sty\u201822<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Srebro \u2013 st<span class=\"_ _2\"></span>rategie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">korytarz</span> <span class=\"_ _94\"> </span>6,60 <span class=\"_ _11f\"> </span>26,3<span class=\"_ _2\"></span>6-55,00<span class=\"_ _192\"> </span>sty\u201922<span class=\"_ _192\"> </span>- gru\u201922<span class=\"_ _192\"> </span>sty\u201922<span class=\"_ _192\"> </span>- sty\u201923<span class=\"_ _192\"> </span>Srebro \u2013 st<span class=\"_ _2\"></span>rategie opc<span class=\"_ _2\"></span>yjne <span class=\"ff3\">mewa*</span> <span class=\"_ _9c\"> </span>7,80 <span class=\"_ _a9\"> </span>26<span class=\"_ _3\"></span>,00-42<span class=\"_ _2\"></span>,00<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">korytarz</span> <span class=\"_ _123\"> </span>240 <span class=\"_ _124\"> </span>3,85-4,60<span class=\"_ _192\"> </span>lip\u201922<span class=\"_ _192\"> </span>- gru\u201922<span class=\"_ _192\"> </span>lip\u201922<span class=\"_ _192\"> </span>sty\u201923<span class=\"_ _192\"> </span>Walutowe \u2013 st<span class=\"_ _2\"></span>rategie<span class=\"_ _2\"></span> opcyjne <span class=\"ff3\">mewa<span class=\"_ _2\"></span>*</span> <span class=\"_ _bf\"> </span>630 <span class=\"_ _124\"> </span>3,94-4,54<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- gru\u201823<span class=\"_ _192\"> </span>sty\u201822<span class=\"_ _192\"> </span>- sty\u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _cc\"> </span>400 <span class=\"_ _ae\"> </span>3,78 i 3,23%<span class=\"_ _192\"> </span>cze \u201824 <span class=\"_ _d4\"> </span>cze \u201824<span class=\"_ _192\"> </span>Walutowo-pr<span class=\"_ _2\"></span>ocentowe<span class=\"_ _2\"></span> \u2013 CIRS** <span class=\"_ _7e\"> </span>1 600 <span class=\"_ _122\"> </span>3,81 i 3,94% <span class=\"_ _71\"> </span>cze \u201829<span class=\"_ _192\"> </span>cze \u201829<span class=\"_ _192\"> </span>- lip \u201829<span class=\"_ _192\"> </span>* W ram<span class=\"_ _2\"></span>ach stru<span class=\"_ _2\"></span>ktur opcyjn<span class=\"_ _2\"></span>ych mew<span class=\"_ _2\"></span>a jako zabez<span class=\"_ _2\"></span>pieczaj\u0105ce (CFH <span class=\"_ _2\"></span>- Cash <span class=\"_ _2\"></span>Flow He<span class=\"_ _2\"></span>dging) <span class=\"_ _2\"></span>wyznaczono <span class=\"_ _2\"></span>struktury kory<span class=\"_ _2\"></span>tarz, czyli <span class=\"_ _2\"></span>nabyte <span class=\"_ _2\"></span>opcje sp<span class=\"_ _2\"></span>rzeda\u017cy oraz sprze<span class=\"_ _2\"></span>dane opcje<span class=\"_ _2\"></span> kupna. ** Rozliczen<span class=\"_ _2\"></span>ia p\u0142atno\u015b<span class=\"_ _2\"></span>ci odsetkowych<span class=\"_ _2\"></span> dokonywane<span class=\"_ _2\"></span> s\u0105 w okresowo, co<span class=\"_ _2\"></span> p\u00f3\u0142 roku, do<span class=\"_ _2\"></span> momentu re<span class=\"_ _2\"></span>alizacji transakcji<span class=\"_ _2\"></span>. *** <span class=\"_ _53\"></span>Re<span class=\"_ _2\"></span>klasyfikacja<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>zys<span class=\"_ _2\"></span>k\u00f3w <span class=\"_ _0\"></span>lub <span class=\"_ _0\"></span>strat <span class=\"_ _53\"></span>p<span class=\"_ _2\"></span>owsta\u0142<span class=\"_ _2\"></span>ych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>i<span class=\"_ _2\"></span>nstrumencie<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span>abezpieczaj\u0105cym <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142ywy <span class=\"_ _0\"></span>pieni\u0119\u017cne <span class=\"_ _0\"> </span>z pozosta<span class=\"_ _2\"></span>\u0142ych <span class=\"_ _53\"></span>ca<span class=\"_ _2\"></span>\u0142kowitych <span class=\"_ _0\"> </span>doch<span class=\"_ _2\"></span>od\u00f3w <span class=\"_ _0\"></span>do sprawoz<span class=\"_ _2\"></span>dania <span class=\"_ _59\"> </span>z wyniku <span class=\"_ _59\"> </span>nast\u0119<span class=\"_ _2\"></span>puje <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>kresie <span class=\"_ _59\"> </span>sprawoz<span class=\"_ _2\"></span>dawczym, <span class=\"_ _59\"> </span>w kt\u00f3rym<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>pozycja <span class=\"_ _59\"> </span>zabezp<span class=\"_ _2\"></span>ieczana <span class=\"_ _59\"> </span>wp\u0142yw<span class=\"_ _2\"></span>a <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>wynik <span class=\"_ _59\"> </span>(jako <span class=\"_ _59\"> </span>korekta <span class=\"_ _59\"> </span>pozycji zabezp<span class=\"_ _2\"></span>ieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/koszt\u00f3w<span class=\"_ _2\"></span>  operacyjnych  dla  rozliczanego  kosztu  zabezpieczenia<span class=\"_ _2\"></span>). <span class=\"_ _1\"> </span>Nat<span class=\"_ _2\"></span>omiast  uj\u0119cie  w ksi\u0119gach wyniku z ro<span class=\"_ _2\"></span>zliczenia tran<span class=\"_ _2\"></span>sakcji nast\u0119pu<span class=\"_ _2\"></span>je w dacie jej<span class=\"_ _2\"></span> rozliczenia. <div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:716.3008px;\">Wp\u0142yw instrum<span class=\"_ _3\"></span>ent\u00f3w pochodnych i tra<span class=\"_ _3\"></span>nsakcji zabezpieczaj\u0105cych <span class=\"_ _3\"></span>na pozycje sprawozdania <span class=\"_ _3\"></span>z wyniku oraz <span class=\"_ _3\"></span>na sprawozdanie<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:702.1048px;\">z ca\u0142kowitych doch<span class=\"_ _3\"></span>od\u00f3w przedstawion<span class=\"_ _3\"></span>o poni\u017cej. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.0031280518px; bottom:679.0168px;\">Sprawozdanie z w<span class=\"_ _3\"></span>yniku<span class=\"ff2 fc0\"> </span></div><div class=\"c we1 h2e\" style=\"left:450.38922px; bottom:684.1657px;\"><div class=\"t m4 x10 h8 y14ba ff1 fs6 fc2 sc0 ls0 ws0\">od 01.01.2022<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:450.38922px; bottom:670.9048px;\">do 31.12.2022<span class=\"_ _192\"> </span></div><div class=\"c we1 h2e\" style=\"left:542.9091px; bottom:684.1657px;\"><div class=\"t m4 x10 h8 y14ba ff1 fs6 fc2 sc0 ls0 ws0\">od 01.01.2021<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:542.9091px; bottom:670.9048px;\">do 31.12.2021<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:653.2768px;\">Przychody z um\u00f3w <span class=\"_ _3\"></span>z klientami (korekta <span class=\"_ _3\"></span>z tytu\u0142u przeklasyfik<span class=\"_ _3\"></span>owania) <span class=\"_ _125\"> </span>(182)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:575.20087px; bottom:653.2768px;\">(1 651)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:635.02484px;\">Pozosta\u0142e przych<span class=\"_ _3\"></span>ody / (koszty) operacyjn<span class=\"_ _3\"></span>e (w tym korekta z<span class=\"_ _3\"></span> tytu\u0142u przeklasyfikowania)<span class=\"_ _3\"></span>:<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:495.78552px; bottom:635.02484px;\">(220)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:584.09283px; bottom:635.02484px;\">(385)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:19.21708px; bottom:616.6168px;\">z tytu\u0142u realizacji ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych <span class=\"_ _126\"> </span>(213)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:584.09283px; bottom:616.6168px;\">(452)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:19.21708px; bottom:598.3648px;\">z tytu\u0142u wyceny ins<span class=\"_ _3\"></span>trument\u00f3w pochodnych<span class=\"_ _3\"></span> <span class=\"_ _127\"> </span>(7)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:597.1852px; bottom:598.3648px;\">67<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:579.95685px;\">Przychody / (koszty<span class=\"_ _3\"></span>) finansowe: <span class=\"_ _128\"> </span>41<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:590.1769px; bottom:579.95685px;\">(44)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:19.21708px; bottom:561.70483px;\">z tytu\u0142u realizacji ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych <span class=\"_ _26\"> </span>(19)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.10486px; bottom:561.70483px;\">(9)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:19.21708px; bottom:543.2969px;\">z tytu\u0142u wyceny ins<span class=\"_ _3\"></span>trument\u00f3w pochodnych<span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.10486px; bottom:543.2969px;\">(1)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:19.21708px; bottom:525.04486px;\">odsetki od zad\u0142u\u017ce<span class=\"_ _3\"></span>nia (korekta z tytu\u0142u prz<span class=\"_ _3\"></span>eklasyfikowania) <span class=\"_ _108\"> </span>60<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:590.1769px; bottom:525.04486px;\">(34)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.0031280518px; bottom:506.16888px;\">Wp\u0142yw instr<span class=\"_ _3\"></span>ument\u00f3w pochodnyc<span class=\"_ _3\"></span>h i zabezpieczaj\u0105cych <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.0031280518px; bottom:489.78888px;\">na wynik finansowy <span class=\"_ _3\"></span>okresu (bez uwz<span class=\"_ _3\"></span>gl\u0119dnienia efektu p<span class=\"_ _3\"></span>odatkowego) </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:495.78552px; bottom:498.0569px;\">(361)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:575.20087px; bottom:498.0569px;\">(2 080)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:456.0929px;\">Sprawozdanie z p<span class=\"_ _3\"></span>ozosta\u0142ych ca\u0142kowitych <span class=\"_ _3\"></span>dochod\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:431.13287px;\">Wycena transakcji za<span class=\"_ _3\"></span>bezpieczaj\u0105cych (cz<span class=\"_ _3\"></span>\u0119\u015b\u0107 skuteczna)  <span class=\"_ _12a\"> </span>1 239<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:575.20087px; bottom:431.13287px;\">(2 431)<span class=\"_ _192\"> </span></div><div class=\"c we2 h2e\" style=\"left:10.013084px; bottom:410.8537px;\"><div class=\"t m4 x10 h8 y10d5 ff2 fs6 fc0 sc0 ls0 ws0\">Reklasyfikacja do przyc<span class=\"_ _3\"></span>hod\u00f3w z um\u00f3w z <span class=\"_ _3\"></span>klientami w zwi\u0105zku<span class=\"_ _3\"></span> z realizacj\u0105 </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:397.7489px;\">pozycji zabezpiecza<span class=\"_ _3\"></span>nej  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:503.2849px; bottom:405.8609px;\">182<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:580.81683px; bottom:405.8609px;\">1 651<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:377.31293px;\">Reklasyfikacja do k<span class=\"_ _3\"></span>oszt\u00f3w finansowy<span class=\"_ _3\"></span>ch w zwi\u0105zku z<span class=\"_ _3\"></span> realizacj\u0105 pozycji zabezpieczan<span class=\"_ _3\"></span>ej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:503.2849px; bottom:377.31293px;\">(60)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:596.10486px; bottom:377.31293px;\">34<span class=\"_ _192\"> </span></div><div class=\"c we3 h2e\" style=\"left:10.013084px; bottom:353.7577px;\"><div class=\"t m4 x10 h8 y14d5 ff2 fs6 fc0 sc0 ls0 ws0\">Reklasyfikacja do p<span class=\"_ _3\"></span>ozosta\u0142ych koszt\u00f3w <span class=\"_ _3\"></span>o</div></div><div class=\"c we4 h2e\" style=\"left:203.76501px; bottom:353.7577px;\"><div class=\"t m4 x10 h8 y14d5 ff2 fs6 fc0 sc0 ls0 ws0\">peracyjnych w <span class=\"_ _3\"></span>zwi\u0105zku z realizacj\u0105 </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:340.65295px;\">pozycji zabezpiecza<span class=\"_ _3\"></span>nej (rozliczen<span class=\"_ _3\"></span>ie kosztu zabezpieczenia<span class=\"_ _3\"></span>) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:503.2849px; bottom:348.76495px;\">310<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:590.1769px; bottom:348.76495px;\">379<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.0031280518px; bottom:322.71295px;\">Wp\u0142yw transakcji<span class=\"_ _3\"></span> zabezpieczaj\u0105cych (bez uw<span class=\"_ _3\"></span>zgl\u0119dnienia efe<span class=\"_ _3\"></span>ktu podatkowego)*<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:494.39288px; bottom:322.71295px;\">1 671<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:584.09283px; bottom:322.71295px;\">(367)<span class=\"_ _192\"> </span></div><div class=\"c we5 h2e\" style=\"left:0.0031280518px; bottom:301.6537px;\"><div class=\"t m4 x10 h8 y1083 ff1 fs6 fc2 sc0 ls0 ws0\">\u0141\u0104CZNE CA\u0141KOWI<span class=\"_ _3\"></span>TE DOCHODY<span class=\"_ _192\"> </span></div></div><div class=\"c w70 h2e\" style=\"left:494.39288px; bottom:301.6537px;\"><div class=\"t m4 x10 h8 y1083 ff1 fs6 fc0 sc0 ls0 ws0\">1 310<span class=\"_ _192\"> </span></div></div><div class=\"c w12 h2e\" style=\"left:575.20087px; bottom:301.6537px;\"><div class=\"t m4 x10 h8 y1083 ff1 fs6 fc0 sc0 ls0 ws0\">(2<span class=\"_ _192\"> </span></div></div><div class=\"c we6 h2e\" style=\"left:587.68115px; bottom:301.6537px;\"><div class=\"t m4 x10 h8 y1083 ff1 fs6 fc0 sc0 ls0 ws0\">447)<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:269.985px;\">*<span class=\"_ _192\"> </span></div><div class=\"t m5 h6f ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:10.013084px; bottom:269.985px;\">Kwoty pod<span class=\"_ _2\"></span>atku dochod<span class=\"_ _2\"></span>owego odnosz\u0105ce si<span class=\"_ _2\"></span>\u0119 do ka\u017cde<span class=\"_ _2\"></span>go sk\u0142adnika po<span class=\"_ _2\"></span>zosta\u0142ych ca\u0142kowit<span class=\"_ _2\"></span>ych dochod\u00f3<span class=\"_ _2\"></span>w zaprezen<span class=\"_ _2\"></span>towano w Nocie 8.<span class=\"_ _2\"></span>2.2<span class=\"_ _192\"> </span>.<span class=\"ff10\">  </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:229.26898px;\">Nota 7.3 Inne instrum<span class=\"_ _3\"></span>enty finansowe w<span class=\"_ _3\"></span>yceniane w wart<span class=\"_ _3\"></span>o\u015bci godziwej </div><div class=\"c wd1 h2e\" style=\"left:5.48909px; bottom:207.42969px;\"><div class=\"t m4 x10 h8 ybb8 ff1 fs6 fc0 sc0 ls0 ws0\">Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span></div></div><div class=\"c we7 h2e\" style=\"left:5.48909px; bottom:192.60971px;\"><div class=\"t m4 x10 h8 ybba ff2 fs6 fc0 sc0 ls0 ws0\">Pozycja <span class=\"_ _74\"> </span>\u201eInne <span class=\"_ _74\"> </span>instrumenty <span class=\"_ _74\"> </span>finansowe <span class=\"_ _74\"> </span>wyceniane <span class=\"_ _74\"> </span>w  war<span class=\"_ _3\"></span>to\u015bci </div></div><div class=\"c we8 h2e\" style=\"left:310.31317px; bottom:192.60971px;\"><div class=\"t m4 x10 h8 ybba ff2 fs6 fc0 sc0 ls0 ws0\">godziwej\u201d <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bejmuje <span class=\"_ _74\"> </span>g\u0142\u00f3wnie: <span class=\"_ _74\"> </span>udzia\u0142y <span class=\"_ _74\"> </span>i  ak<span class=\"_ _3\"></span>cje <span class=\"_ _74\"> </span>(notowane </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:181.53299px;\">i nienotowane), <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _74\"> </span>nie <span class=\"_ _1\"> </span>zosta\u0142y <span class=\"_ _1\"> </span>nabyte<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>przeznaczeniem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>obrotu <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>dla <span class=\"_ _1\"> </span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _1\"> </span>dokonano <span class=\"_ _1\"> </span>wyboru <span class=\"_ _74\"> </span>opcji <span class=\"_ _1\"> </span>wyceny </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:167.49301px;\">w warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>przez <span class=\"_ _0\"></span>pozosta\u0142e <span class=\"_ _53\"></span>ca\u0142kowite <span class=\"_ _53\"></span>dochody <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>celu <span class=\"_ _53\"></span>og<span class=\"_ _2\"></span>raniczenia <span class=\"_ _53\"></span>fluktuacji <span class=\"_ _53\"></span>wyniku <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>udzielone <span class=\"_ _0\"></span>po\u017cyczki  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:153.297px;\">wyceniane <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziw<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>wynik <span class=\"_ _0\"></span>finansowy, <span class=\"_ _0\"></span>poniewa<span class=\"_ _3\"></span>\u017c <span class=\"_ _0\"></span>nie <span class=\"_ _0\"></span>zda\u0142y <span class=\"_ _0\"></span>testu <span class=\"_ _0\"></span>umownych <span class=\"_ _0\"></span>przep\u0142yw<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _0\"></span>pieni\u0119\u017cnych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:139.10101px;\">(SPPI), <span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>dy\u017c <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>strukturze <span class=\"_ _53\"></span>finansowania <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ostat<span class=\"_ _2\"></span>nim <span class=\"_ _2\"></span>etapie <span class=\"_ _53\"></span>u <span class=\"_ _53\"></span>docelowego <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dbiorcy <span class=\"_ _2\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _53\"></span>d\u0142ug <span class=\"_ _2\"></span>zamienia </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:124.90503px;\">si\u0119 na udzia\u0142 kapita<span class=\"_ _3\"></span>\u0142owy, w zwi\u0105zku <span class=\"_ _3\"></span>z czym zosta\u0142y zakwalifik<span class=\"_ _3\"></span>owane do tej kat<span class=\"_ _3\"></span>egorii wyceny obowi\u0105<span class=\"_ _3\"></span>zkowo. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:110.709015px;\">Udzia\u0142y <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>akcje <span class=\"_ _2\"></span>ujmowane <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>pocz\u0105tkowo <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>dziwej <span class=\"_ _2\"></span>powi\u0119ksz<span class=\"_ _3\"></span>onej <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>koszty <span class=\"_ _2\"></span>transakcyjne, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>ko\u0144cz\u0105cy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:96.66904px;\">okres <span class=\"_ _0\"></span>sprawozdawczy <span class=\"_ _0\"></span>wycenian<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"> </span>w<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"> </span>z <span class=\"_ _0\"> </span>uj\u0119<span class=\"_ _2\"></span>ciem <span class=\"_ _0\"></span>zysk\u00f3w/strat <span class=\"_ _53\"></span>z <span class=\"_ _0\"> </span>wy<span class=\"_ _2\"></span>ceny <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>po<span class=\"_ _2\"></span>zosta\u0142ych <span class=\"_ _0\"></span>ca\u0142kowitych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:82.47302px;\">dochodach.  Kwot  odniesionych  w  skumulowane  pozosta\u0142e  ca\u0142kowite  dochody <span class=\"_ _57\"> </span>nie  przenosi  si\u0119  p\u00f3\u017aniej  do <span class=\"_ _57\"> </span>wyniku<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:68.27704px;\">finansowego, <span class=\"_ _59\"> </span>natomiast <span class=\"_ _59\"> </span>skumulowane <span class=\"_ _59\"> </span>zyski/straty <span class=\"_ _59\"> </span>na <span class=\"_ _5a\"> </span>danym <span class=\"_ _59\"> </span>instrumencie <span class=\"_ _59\"> </span>kapita\u0142owym <span class=\"_ _59\"> </span>przenosi <span class=\"_ _59\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>ramach<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:54.081055px;\">kapita\u0142\u00f3w do zysk\u00f3<span class=\"_ _3\"></span>w zatrzymanych <span class=\"_ _3\"></span>w momencie zaprzestania<span class=\"_ _3\"></span> ujmowania instrum<span class=\"_ _3\"></span>entu kapita\u0142oweg<span class=\"_ _3\"></span>o. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:39.88504px;\">Dywidendy z takich in<span class=\"_ _3\"></span>westycji ujm<span class=\"_ _3\"></span>uje si\u0119 w wyniku finans<span class=\"_ _3\"></span>owym.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.48909px; bottom:20.541046px;\">Przeliczenia pozycji w<span class=\"_ _3\"></span>yra\u017conych w walucie o<span class=\"_ _3\"></span>bcej dokonuje si\u0119 w<span class=\"_ _3\"></span>ed\u0142ug zasad rachunk<span class=\"_ _3\"></span>owo\u015bci opisanych w<span class=\"_ _3\"></span> Nocie 1.2<span class=\"_ _192\"> </span></div>Stan na 31.12.2022 <span class=\"_ _6f\"> </span> Stan na 31.12.2021 Akcje w sp\u00f3\u0142kach n<span class=\"_ _3\"></span>otowanych na gie\u0142dzie (<span class=\"_ _3\"></span>GPW w Warszawie oraz<span class=\"_ _3\"></span> na TSX Venture Exchange), <span class=\"_ _3\"></span>z tego:  422  <span class=\"_ _8f\"> </span><span class=\"fc0\"> 516<span class=\"_ _192\"> </span></span>TAURON POLSKA E<span class=\"_ _3\"></span>NERGIA S.A. <span class=\"_ _12b\"> </span> 386  <span class=\"_ _8f\"> </span><span class=\"fc0\"> 483<span class=\"_ _192\"> </span></span>GRUPA AZOTY S.A.<span class=\"_ _3\"></span> <span class=\"_ _12c\"> </span> 32  <span class=\"_ _b\"> </span><span class=\"fc0\"> 27<span class=\"_ _192\"> </span></span>Pozosta\u0142e akcje n<span class=\"_ _3\"></span>otowane  <span class=\"_ _12d\"> </span> 4  <span class=\"_ _122\"> </span><span class=\"fc0\"> 6<span class=\"_ _192\"> </span></span>Udzia\u0142y/akcje w sp\u00f3<span class=\"_ _3\"></span>\u0142kach nienotowanych <span class=\"_ _3\"></span>na gie\u0142dzie   99  <span class=\"_ _b\"> </span><span class=\"fc0\"> 99<span class=\"_ _192\"> </span></span>Udzielone po\u017cyczki <span class=\"_ _3\"></span>  20  <span class=\"_ _b\"> </span><span class=\"fc0\"> 22<span class=\"_ _192\"> </span></span>Pozosta\u0142e nale\u017cn<span class=\"_ _3\"></span>o\u015bci  65  <span class=\"_ _12e\"> </span><span class=\"fc0\">-<span class=\"_ _192\"> </span></span>Inne instrumenty <span class=\"_ _3\"></span>finansowe wycenian<span class=\"_ _3\"></span>e w warto\u015bci godziw<span class=\"_ _3\"></span>ej,  z tego:  606  <span class=\"_ _91\"> </span><span class=\"fc0\"> 637<span class=\"_ _192\"> </span></span>wykazane w ram<span class=\"_ _3\"></span>ach aktyw\u00f3w przeznaczon<span class=\"_ _3\"></span>ych do sprzeda\u017cy (gru<span class=\"_ _3\"></span>pa zbycia) <span class=\"_ _d6\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>wykazane jako \u201einn<span class=\"_ _3\"></span>e instrumenty<span class=\"_ _192\"> </span>finansowe wycenia<span class=\"_ _3\"></span>ne w warto\u015bci    godziwej\"  606 637<span class=\"_ _192\"> </span>Wycena <span class=\"_ _53\"></span>akcji <span class=\"_ _53\"></span>notowanych <span class=\"_ _53\"></span>zaliczana<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>jest<span class=\"_ _2\"></span> <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>1 <span class=\"_ _53\"></span>hierarchii <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _53\"></span>(tj. <span class=\"_ _53\"></span>wycena <span class=\"_ _2\"></span>we<span class=\"_ _2\"></span>d\u0142ug <span class=\"_ _53\"></span>kurs\u00f3w <span class=\"_ _53\"></span>tych <span class=\"_ _53\"></span>akcji z aktywnego <span class=\"_ _2\"></span>rynku <span class=\"_ _53\"></span>z dnia <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>ceny), <span class=\"_ _2\"></span>wycena <span class=\"_ _53\"></span>udzia\u0142\u00f3w/akcji <span class=\"_ _2\"></span>nienotowanych <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>zaliczana <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>poziomu <span class=\"_ _2\"></span>2 <span class=\"_ _53\"></span>(tj. <span class=\"_ _53\"></span>wycena <span class=\"_ _53\"></span>oparta o dane o charakterze <span class=\"_ _3\"></span>obserwowa<span class=\"_ _3\"></span>lnym, niepochodz\u0105ce z a<span class=\"_ _3\"></span>ktywnego rynku).<span class=\"_ _3\"></span> Wycena udzielony<span class=\"_ _3\"></span>ch po\u017cyczek za<span class=\"_ _3\"></span>liczona jest do poziomu 2<span class=\"_ _3\"></span> hierarchii war<span class=\"_ _3\"></span>to\u015bci godziwej. Zar\u00f3wno w <span class=\"_ _2\"></span>roku <span class=\"_ _2\"></span>2022 jak <span class=\"_ _2\"></span>i 2<span class=\"_ _2\"></span>021 nie<span class=\"_ _2\"></span> wyst\u0105pi\u0142y <span class=\"_ _2\"></span>dywidendy od <span class=\"_ _2\"></span>sp\u00f3\u0142ek, w <span class=\"_ _2\"></span>kt\u00f3rych <span class=\"_ _2\"></span>Grupa posiada <span class=\"_ _2\"></span>akcje <span class=\"_ _2\"></span>zaklasyfikowane jako inne instrumenty finans<span class=\"_ _3\"></span>owe wyceniane w wa<span class=\"_ _3\"></span>rto\u015bci godziwej.  W <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>nie <span class=\"_ _53\"></span>wyst\u0105pi\u0142y <span class=\"_ _2\"></span>przeniesienia <span class=\"_ _2\"></span>skumulowaneg<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>zysku <span class=\"_ _2\"></span>ani <span class=\"_ _2\"></span>straty <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>obr\u0119bie <span class=\"_ _2\"></span>kapita\u0142u <span class=\"_ _53\"></span>w\u0142asnego <span class=\"_ _2\"></span>dotycz\u0105cego <span class=\"_ _2\"></span>sp\u00f3\u0142ek, w kt\u00f3rych <span class=\"_ _57\"> </span>Grupa <span class=\"_ _57\"> </span>posiada <span class=\"_ _59\"> </span>akcj<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>zaklasyfikowane <span class=\"_ _57\"> </span>jako <span class=\"_ _59\"> </span>inne <span class=\"_ _57\"> </span>instrumenty <span class=\"_ _57\"> </span>finansowe <span class=\"_ _57\"> </span>wyceniane <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>warto\u015bci <span class=\"_ _59\"> </span>godziwe<span class=\"_ _3\"></span>j.  W  2<span class=\"_ _3\"></span>021  r<span class=\"_ _3\"></span>.  po <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>ransak<span class=\"_ _3\"></span>cji  sprzed<span class=\"_ _3\"></span>a\u017cy <span class=\"_ _74\"> </span>udzia\u0142\u00f3w  sp\u00f3\u0142ki <span class=\"_ _74\"> </span>PGE  EJ1 <span class=\"_ _74\"> </span>Sp.  z <span class=\"_ _74\"> </span>o.o.  nas<span class=\"_ _3\"></span>t\u0105pi\u0142a  reklas<span class=\"_ _3\"></span>yfikacja <span class=\"_ _74\"> </span>wyniku  ze  z<span class=\"_ _3\"></span>bycia <span class=\"_ _74\"> </span>tych udzia\u0142\u00f3w w wys<span class=\"_ _3\"></span>oko\u015bci 18 mln PLN. <span class=\"_ _3\"></span> Z  tytu\u0142u <span class=\"_ _74\"> </span>inwestycji  w <span class=\"_ _74\"> </span>sp\u00f3\u0142ki  notowan<span class=\"_ _3\"></span>e  w <span class=\"_ _74\"> </span>obrocie  publicznym <span class=\"_ _1\"> </span>G<span class=\"_ _2\"></span>rupa <span class=\"_ _74\"> </span>nara\u017cona  jest <span class=\"_ _74\"> </span>na  ryzyko <span class=\"_ _74\"> </span>ceno<span class=\"_ _2\"></span>we. <span class=\"_ _74\"> </span>Zmiany  kursu notowa\u0144  akcji  tych  sp\u00f3<span class=\"_ _3\"></span>\u0142ek,  spowodowane  bie\u017c\u0105c\u0105 <span class=\"_ _74\"> </span>sy<span class=\"_ _2\"></span>tuacj\u0105  m<span class=\"_ _3\"></span>akroekonomiczn\u0105  m<span class=\"_ _3\"></span>og\u0105  istotnie  wp\u0142ywa\u0107  na  wysok<span class=\"_ _3\"></span>o\u015b\u0107 pozosta\u0142ych ca\u0142kowit<span class=\"_ _3\"></span>ych dochod\u00f3w oraz <span class=\"_ _3\"></span>kwot\u0119 skumulowan\u0105 u<span class=\"_ _3\"></span>j\u0119t\u0105 w kapitale w<span class=\"_ _3\"></span>\u0142asnym. Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia analiz\u0119 wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci akcji sp\u00f3\u0142ek n<span class=\"_ _3\"></span>otowanych w obrocie pu<span class=\"_ _3\"></span>blicznym na zm<span class=\"_ _3\"></span>iany cen Stan na31.12.2022Zmiana p<span class=\"_ _3\"></span>rocentowa cen<span class=\"_ _3\"></span>y akcjiStan na 31.12.2021Zmiana p<span class=\"_ _3\"></span>rocentowa cen<span class=\"_ _3\"></span>y akcji14%<span class=\"_ _192\"> </span>-14%<span class=\"_ _192\"> </span>12%<span class=\"_ _192\"> </span>-12%<span class=\"_ _192\"> </span>Warto\u015b\u0107 bilansowaPozosta\u0142e ca\u0142kowite dochodyPozosta\u0142e ca\u0142kowite dochodyWarto\u015b\u0107 bilansowaPozosta\u0142e ca\u0142kowite dochodyPozosta\u0142e ca\u0142kowite dochodyAkcje noto<span class=\"_ _3\"></span>wane  w obrocie publi<span class=\"_ _3\"></span>cznym422<span class=\"_ _192\"> </span>60<span class=\"_ _192\"> </span>(60)<span class=\"_ _192\"> </span>516<span class=\"_ _192\"> </span>63<span class=\"_ _192\"> </span>(63)<span class=\"_ _192\"> </span>Analiza  w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci  dla  ist<span class=\"_ _3\"></span>otnych  rodzaj\u00f3w <span class=\"_ _74\"> </span>ryzyka  rynkowego, <span class=\"_ _74\"> </span>na  kt\u00f3re  Grupa <span class=\"_ _74\"> </span>Kapita\u0142owa  jest  nara\u017c<span class=\"_ _3\"></span>ona,  prezentuj<span class=\"_ _3\"></span>e szacunkowy <span class=\"_ _57\"> </span>wp\u0142yw <span class=\"_ _57\"> </span>jaki <span class=\"_ _59\"> </span>mia\u0142yby <span class=\"_ _57\"> </span>potencjalnie <span class=\"_ _57\"> </span>mo\u017cliwe <span class=\"_ _57\"> </span>zmiany <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>szczeg\u00f3lnych <span class=\"_ _57\"> </span>czynnik\u00f3w <span class=\"_ _57\"> </span>ryzyka <span class=\"_ _57\"> </span>(na <span class=\"_ _57\"> </span>ko<span class=\"_ _2\"></span>niec <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>kres<span class=\"_ _3\"></span>u sprawozdawczeg<span class=\"_ _3\"></span>o) na wynik finansowy oraz<span class=\"_ _3\"></span> pozosta\u0142e ca\u0142k<span class=\"_ _3\"></span>owite dochody.  Potencjalne <span class=\"_ _5a\"> </span>odchylenia <span class=\"_ _5a\"> </span>kurs\u00f3w <span class=\"_ _59\"> </span>akcji <span class=\"_ _54\"> </span>na <span class=\"_ _5a\"> </span>dzie\u0144 <span class=\"_ _5a\"> </span>ko\u0144cz\u0105cy <span class=\"_ _5a\"> </span>okres <span class=\"_ _54\"> </span>sprawozdawczy <span class=\"_ _59\"> </span>ust<span class=\"_ _2\"></span>alono <span class=\"_ _5a\"> </span>na <span class=\"_ _5a\"> </span>poziomie <span class=\"_ _5a\"> </span>odchylenia standardowego ind<span class=\"_ _3\"></span>eksu WIG20 za okres 3<span class=\"_ _3\"></span> lat kalendarzowych za<span class=\"_ _3\"></span>ko\u0144czonych w dniu spr<span class=\"_ _3\"></span>awozdawczym<span class=\"_ _3\"></span>.<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a, za\u0142o\u017cenia <span class=\"_ _3\"></span>i os\u0105dy<span class=\"_ _192\"> </span>Warto\u015b\u0107 <span class=\"_ _5a\"> </span>godziw\u0105 <span class=\"_ _54\"> </span>akcji <span class=\"_ _5a\"> </span>nienotowanych <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>udzia\u0142\u00f3w <span class=\"_ _54\"> </span>ustala <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>zastosowaniem <span class=\"_ _5a\"> </span>wyceny maj\u0105tkowej <span class=\"_ _5a\"> </span>wg <span class=\"_ _54\"> </span>metody skorygowanych aktyw\u00f3w netto. Zastosowanie tej metody wynika ze specy<span class=\"_ _2\"></span>fiki aktyw\u00f3w sp\u00f3\u0142ek, kt\u00f3rych udzia\u0142y podlegaj\u0105 wycenie. <span class=\"_ _5a\"> </span>Do <span class=\"_ _5a\"> </span>wyceny <span class=\"_ _5a\"> </span>zosta\u0142y <span class=\"_ _5a\"> </span>wykorzystane <span class=\"_ _5a\"> </span>dane <span class=\"_ _5a\"> </span>wej\u015bciowe<span class=\"_ _3\"></span> <span class=\"_ _5a\"> </span>inne <span class=\"_ _54\"> </span>ni\u017c <span class=\"_ _59\"> </span>po<span class=\"_ _2\"></span>chodz\u0105ce <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>aktywnego <span class=\"_ _5a\"> </span>rynku, <span class=\"_ _59\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>s\u0105<span class=\"_ _3\"></span> obserwowalne <span class=\"_ _1\"> </span>(np. <span class=\"_ _1\"> </span>ceny <span class=\"_ _74\"> </span>transakcyjne <span class=\"_ _1\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>podobnych <span class=\"_ _1\"> </span>do <span class=\"_ _74\"> </span>nieruchomo\u015bci <span class=\"_ _1\"> </span>b\u0119d\u0105cych <span class=\"_ _1\"> </span>przedmiotem <span class=\"_ _1\"> </span>wyceny, rynkowe stopy procen<span class=\"_ _3\"></span>towe obligacji Skarbu <span class=\"_ _3\"></span>Pa\u0144stwa i lokat terminowych w <span class=\"_ _3\"></span>instytucjach finansowych, <span class=\"_ _3\"></span>stopa dyskontowa wolna od ryzyka <span class=\"_ _3\"></span>publikowana przez E<span class=\"_ _3\"></span>uropejski Urz\u0105d Nadzoru U<span class=\"_ _3\"></span>bezpiecze\u0144 i Pracownicz<span class=\"_ _3\"></span>ych Program\u00f3w E<span class=\"_ _3\"></span>merytalnych). Warto\u015b\u0107 <span class=\"_ _2\"></span>godziw\u0105 <span class=\"_ _2\"></span>akcji <span class=\"_ _53\"></span>notowany<span class=\"_ _3\"></span>ch <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>gie\u0142dzie <span class=\"_ _2\"></span>ustala <span class=\"_ _2\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>kurs <span class=\"_ _2\"></span>zamkni\u0119cia <span class=\"_ _2\"></span>notowa\u0144 <span class=\"_ _2\"></span>akcji <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 <span class=\"_ _2\"></span>ko\u0144cz\u0105cy okres sprawozdawczy<span class=\"_ _3\"></span>. Warto\u015b\u0107 <span class=\"_ _1\"> </span>godziwa <span class=\"_ _74\"> </span>po\u017cyczki <span class=\"_ _74\"> </span>ustalana <span class=\"_ _1\"> </span>jest<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>jako <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>bie\u017c\u0105ca <span class=\"_ _74\"> </span>przysz\u0142ych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119\u017cnych <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem<span class=\"_ _3\"></span> zmiany czynnik<span class=\"_ _3\"></span>\u00f3w ryzyka rynkowego i kr<span class=\"_ _3\"></span>edytowego w trakcie \u017cyci<span class=\"_ _3\"></span>a po\u017cyczki<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span> Nota 7.4 Inne instrum<span class=\"_ _3\"></span>enty finansowe w<span class=\"_ _3\"></span>yceniane w zamorty<span class=\"_ _3\"></span>zowanym koszcie<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na 31.12.2021 \u015arodki pieni\u0119\u017cne Fun<span class=\"_ _3\"></span>duszu Likwidacji Z<span class=\"_ _3\"></span>ak\u0142ad\u00f3w G\u00f3rniczych i Funduszu Rekul<span class=\"_ _3\"></span>tywacji Sk\u0142adowisk Od<span class=\"_ _3\"></span>pad\u00f3w* 406<span class=\"_ _192\"> </span>427<span class=\"_ _192\"> </span>Pozosta\u0142e d\u0142ug<span class=\"_ _3\"></span>oterminowe nale\u017cno\u015bci finans<span class=\"_ _3\"></span>owe 63<span class=\"_ _192\"> </span>72<span class=\"_ _192\"> </span>Nota 7.1 Razem, z tego:<span class=\"_ _3\"></span> 469<span class=\"_ _192\"> </span>499<span class=\"_ _192\"> </span>wykazane w ram<span class=\"_ _3\"></span>ach aktyw\u00f3w przeznaczon<span class=\"_ _3\"></span>ych do sprzeda\u017cy<span class=\"_ _3\"></span> (grupa zbycia) - 3<span class=\"_ _192\"> </span>wykazane jako \u201einn<span class=\"_ _3\"></span>e instrumenty finans<span class=\"_ _3\"></span>owe wyceniane  w zamortyzowanym <span class=\"_ _3\"></span>koszcie\"  469 496<span class=\"_ _192\"> </span>* Z dn<span class=\"_ _2\"></span>iem 15<span class=\"_ _2\"></span> lipca <span class=\"_ _2\"></span>2022 r. Sp<span class=\"_ _2\"></span>\u00f3\u0142ka d<span class=\"_ _2\"></span>okona\u0142a <span class=\"_ _2\"></span>zmiany form<span class=\"_ _2\"></span>y Fund<span class=\"_ _2\"></span>uszu Re<span class=\"_ _2\"></span>kultywacji Sk\u0142a<span class=\"_ _2\"></span>dowisk <span class=\"_ _2\"></span>Odpad<span class=\"_ _2\"></span>\u00f3w w kw<span class=\"_ _2\"></span>ocie 98 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>z rachu<span class=\"_ _2\"></span>nku b<span class=\"_ _2\"></span>ankowego na gwaran<span class=\"_ _2\"></span>cj\u0119 bankow<span class=\"_ _2\"></span>\u0105.  \u015arodki zos<span class=\"_ _2\"></span>ta\u0142y z<span class=\"_ _2\"></span>gromadzo<span class=\"_ _2\"></span>ne przez Je<span class=\"_ _2\"></span>dnostk\u0119 Dom<span class=\"_ _2\"></span>inuj\u0105c\u0105 oraz G<span class=\"_ _2\"></span>rup\u0119 KG<span class=\"_ _2\"></span>HM INTERN<span class=\"_ _2\"></span>ATIONAL L<span class=\"_ _2\"></span>TD. na po<span class=\"_ _2\"></span>dstawie ob<span class=\"_ _2\"></span>owi\u0105zk\u00f3w wynikaj\u0105cy<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>z przepis<span class=\"_ _2\"></span>\u00f3w p<span class=\"_ _2\"></span>rawa <span class=\"_ _2\"></span>m.in. <span class=\"_ _2\"></span>Ustawy <span class=\"_ _2\"></span>Praw<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>Geologiczn<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>G\u00f3rnicze, <span class=\"_ _2\"></span>Ustawy<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span> odpad<span class=\"_ _2\"></span>ach <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>zgodnie<span class=\"_ _2\"></span> z <span class=\"_ _2\"></span>prawe<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>obowi\u0105zuj<span class=\"_ _2\"></span>\u0105cym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>Stanach Zjedno<span class=\"_ _2\"></span>czonych Ameryki P\u00f3<span class=\"_ _2\"></span>\u0142nocnej i Kanad<span class=\"_ _2\"></span>zie. Aktywa <span class=\"_ _59\"> </span>finansow<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>przeznaczone <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>likwidacj\u0119 <span class=\"_ _59\"> </span>kopal\u0144 <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>r<span class=\"_ _3\"></span>ekultywacj\u0119 <span class=\"_ _59\"> </span>sk<span class=\"_ _3\"></span>\u0142adowisk <span class=\"_ _59\"> </span>odpad\u00f3w <span class=\"_ _57\"> </span>nara\u017cone <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>ryzyko<span class=\"_ _3\"></span> kredytowe opisane w <span class=\"_ _3\"></span>Nocie 7.5.2.5. Szczeg\u00f3\u0142y <span class=\"_ _53\"></span>dotycz\u0105ce <span class=\"_ _53\"></span>aktualizacji <span class=\"_ _53\"></span>rezerwy <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>koszty <span class=\"_ _53\"></span>likwidacji <span class=\"_ _53\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>innych <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>biekt\u00f3w <span class=\"_ _53\"></span>technologicz<span class=\"_ _3\"></span>nych <span class=\"_ _53\"></span>opisane <span class=\"_ _0\"></span>zosta<span class=\"_ _3\"></span>\u0142y w Nocie 9.4. Nota 7.5 Zarz\u0105dz<span class=\"_ _3\"></span>anie ryzykiem <span class=\"_ _3\"></span>finansowym G\u0142\u00f3wne rodzaje ryzyka <span class=\"_ _3\"></span>finansowego, <span class=\"_ _3\"></span>na kt\u00f3re Grupa Kapita\u0142<span class=\"_ _3\"></span>owa jest nara\u017cona w r<span class=\"_ _3\"></span>amach prowadzone<span class=\"_ _3\"></span>j dzia\u0142alno\u015bci to:  \u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyka rynkow<span class=\"_ _3\"></span>e: </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian cen m<span class=\"_ _3\"></span>etali, </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian ku<span class=\"_ _3\"></span>rs\u00f3w walutowych,<span class=\"_ _3\"></span> </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian st<span class=\"_ _3\"></span>\u00f3p procentowych,<span class=\"_ _3\"></span>  </span></span>o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> cenowe zw<span class=\"_ _3\"></span>i\u0105zane z inwes<span class=\"_ _3\"></span>tycjami w akcje sp\u00f3\u0142<span class=\"_ _3\"></span>ek notowanych w <span class=\"_ _3\"></span>obrocie publicznym (Nota <span class=\"_ _3\"></span>7.3),  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyko kredytow<span class=\"_ _3\"></span>e, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyko p\u0142ynno\u015bci (<span class=\"_ _3\"></span>proces zarz\u0105dza<span class=\"_ _3\"></span>nia p\u0142ynno\u015bci\u0105 finansow\u0105<span class=\"_ _3\"></span> opisany jest w Noci<span class=\"_ _3\"></span>e 8). </span></span>Grupa <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>bie\u017c\u0105co <span class=\"_ _1\"> </span>identyfikuje <span class=\"_ _0\"> </span>i <span class=\"_ _1\"> </span>dokonuje <span class=\"_ _1\"> </span>pomiar\u00f3w <span class=\"_ _0\"> </span>ryzyka <span class=\"_ _1\"> </span>finansowego, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>tak\u017ce <span class=\"_ _1\"> </span>podejmuje <span class=\"_ _0\"> </span>dzia\u0142ania <span class=\"_ _1\"> </span>maj\u0105ce <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>celu<span class=\"_ _3\"></span> minimalizacj\u0119 ich wp<span class=\"_ _3\"></span>\u0142ywu na sytuacj\u0119 finans<span class=\"_ _3\"></span>ow\u0105. Jednostka <span class=\"_ _0\"></span>Dominuj\u0105<span class=\"_ _3\"></span>ca <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>parciu <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>przyj\u0119t\u0105 <span class=\"_ _0\"></span>Polityk\u0119 <span class=\"_ _0\"></span>Zarz\u0105d<span class=\"_ _3\"></span>zania <span class=\"_ _0\"></span>Ryzykiem <span class=\"_ _53\"></span>Rynkowym, <span class=\"_ _0\"></span>Polityk\u0119 <span class=\"_ _53\"></span>Zarz\u0105dzania <span class=\"_ _0\"></span>P\u0142ynno\u015bci\u0105 Finansow\u0105 <span class=\"_ _67\"> </span>oraz <span class=\"_ _5e\"> </span>Po<span class=\"_ _2\"></span>lityk\u0119 <span class=\"_ _67\"> </span>Zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _67\"> </span>Ryzykiem <span class=\"_ _5e\"> </span>Kredytowym, <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>spos\u00f3b <span class=\"_ _67\"> </span>\u015bwiadom<span class=\"_ _3\"></span>y <span class=\"_ _67\"> </span>i <span class=\"_ _67\"> </span>odpowiedzialn<span class=\"_ _3\"></span>y <span class=\"_ _67\"> </span>zarz\u0105dza zidentyfikowanym<span class=\"_ _3\"></span>i <span class=\"_ _74\"> </span>rodzajami <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>f<span class=\"_ _2\"></span>inansowego. <span class=\"_ _1\"> </span>Proces <span class=\"_ _74\"> </span>zarz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _1\"> </span>ryzykie<span class=\"_ _2\"></span>m <span class=\"_ _1\"> </span>finansowym <span class=\"_ _1\"> </span>w Jednostce <span class=\"_ _74\"> </span>Dominuj\u0105cej wspomagany <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>prac\u0119 <span class=\"_ _59\"> </span>Komitetu <span class=\"_ _57\"> </span>Ryzyka <span class=\"_ _57\"> </span>Rynkowego, <span class=\"_ _57\"> </span>Komitetu <span class=\"_ _57\"> </span>P\u0142ynno\u015bci <span class=\"_ _59\"> </span>Finansow<span class=\"_ _3\"></span>ej <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>Ko<span class=\"_ _2\"></span>mitetu <span class=\"_ _57\"> </span>Ryzyka Kredytowego.  <div class=\"c wd1 h2e\" style=\"left:0.004714966px; bottom:211.17761px;\"><div class=\"t m4 x10 h8 y5d6 ff1 fs6 fc0 sc0 ls0 ws0\">Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci<span class=\"_ _192\"> </span></div></div><div class=\"c wef h2e\" style=\"left:297.17227px; bottom:211.17761px;\"><div class=\"t m4 x10 h8 y5d6 ff1 fs6 fc0 sc0 ls0 ws0\">Wa\u017cne oszacowani<span class=\"_ _3\"></span>a za\u0142o\u017cenia i<span class=\"_ _3\"></span> os\u0105dy<span class=\"_ _192\"> </span></div></div><div class=\"c wf1 h2e\" style=\"left:0.004714966px; bottom:196.3576px;\"><div class=\"t m4 x10 h8 ybdf ff2 fs6 fc0 sc0 ls0 ws0\">W <span class=\"_ _65\"> </span>pozycji <span class=\"_ _63\"> </span>inne <span class=\"_ _65\"> </span>instrum<span class=\"_ _3\"></span>enty <span class=\"_ _65\"> </span>finans<span class=\"_ _3\"></span>owe <span class=\"_ _65\"> </span>wycenian<span class=\"_ _3\"></span>e </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:184.34467px;\">w zamortyzowanym koszcie wykaz<span class=\"_ _3\"></span>uje si\u0119 <span class=\"_ _2\"></span>aktywa finansowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:169.0567px;\">przeznaczone <span class=\"_ _64\"> </span>na <span class=\"_ _64\"> </span>pokrycie <span class=\"_ _64\"> </span>koszt\u00f3w <span class=\"_ _64\"> </span>likwidac<span class=\"_ _3\"></span>ji <span class=\"_ _64\"> </span>kopal\u0144 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:153.92468px;\">(zasady <span class=\"_ _55\"> </span>rachunkowo\u015bci <span class=\"_ _55\"> </span>w zakresie <span class=\"_ _5e\"> </span>obowi\u0105zku <span class=\"_ _55\"> </span>likwidacji </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:138.79272px;\">kopal\u0144 <span class=\"_ _54\"> </span>przedstawiono <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>Nocie <span class=\"_ _54\"> </span>9.4) <span class=\"_ _54\"> </span>oraz <span class=\"_ _54\"> </span>inne <span class=\"_ _54\"> </span>aktywa </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:123.660706px;\">finansowe nie za<span class=\"_ _3\"></span>klasyfikowane do poz<span class=\"_ _3\"></span>osta\u0142ych pozycji. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:108.37274px;\">Aktywa <span class=\"_ _64\"> </span>zaliczone <span class=\"_ _62\"> </span>zgodnie <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>MSSF <span class=\"_ _62\"> </span>9 <span class=\"_ _62\"> </span>d<span class=\"_ _3\"></span>o <span class=\"_ _62\"> </span>kate<span class=\"_ _3\"></span>gorii </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:93.24072px;\">\u201ewyceniane <span class=\"_ _62\"> </span>w zamortyzowanym <span class=\"_ _62\"> </span>ko<span class=\"_ _2\"></span>szcie\u201d <span class=\"_ _61\"> </span>ujmuje <span class=\"_ _61\"> </span>si\u0119 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:78.1087px;\">pocz\u0105tkowo  w warto\u015bci  godziw<span class=\"_ _3\"></span>ej  skorygowanej  o  koszty </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:62.976746px;\">transakcyjne, <span class=\"_ _5a\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>m<span class=\"_ _3\"></span>o\u017cna <span class=\"_ _54\"> </span>be<span class=\"_ _3\"></span>zpo\u015brednio <span class=\"_ _54\"> </span>prz<span class=\"_ _3\"></span>ypisa\u0107 <span class=\"_ _5a\"> </span>do </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:47.844727px;\">nabycia  t<span class=\"_ _2\"></span>ych  aktyw\u00f3w <span class=\"_ _57\"> </span>oraz  wycenia <span class=\"_ _57\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144  ko\u0144cz\u0105cy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:32.556763px;\">okres <span class=\"_ _57\"> </span>sprawozdawczy <span class=\"_ _57\"> </span>wed\u0142ug <span class=\"_ _59\"> </span>zamortyz<span class=\"_ _3\"></span>owanego <span class=\"_ _57\"> </span>kosztu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:17.424744px;\">przy <span class=\"_ _2\"></span>zasto<span class=\"_ _2\"></span>sowaniu<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>metody <span class=\"_ _2\"></span>efektywnej <span class=\"_ _2\"></span>stopy <span class=\"_ _53\"></span>procentowej, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.2927856px;\">z uwzgl\u0119dnieniem u<span class=\"_ _3\"></span>traty warto\u015bci. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:297.17227px; bottom:195.57666px;\">Analiza <span class=\"_ _74\"> </span>wra\u017cliwo\u015bci <span class=\"_ _74\"> </span>na  ryzyko <span class=\"_ _74\"> </span>zmian <span class=\"_ _74\"> </span>st\u00f3<span class=\"_ _2\"></span>p <span class=\"_ _74\"> </span>procentowych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:297.17227px; bottom:180.4447px;\">\u015brodk\u00f3w <span class=\"_ _5b\"> </span>pieni\u0119\u017cnych <span class=\"_ _5b\"> </span>zgromadzonych <span class=\"_ _5b\"> </span>na <span class=\"_ _5b\"> </span>rachunku </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:297.17227px; bottom:165.15668px;\">bankowym <span class=\"_ _0\"></span>Funduszu <span class=\"_ _1\"> </span>Likwidacji<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>Zak\u0142adu <span class=\"_ _0\"> </span>G\u00f3rniczego <span class=\"_ _1\"> </span>oraz </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:297.17227px; bottom:150.02472px;\">inwestycji <span class=\"_ _53\"></span>w d\u0142u\u017cne <span class=\"_ _0\"></span>papier<span class=\"_ _3\"></span>y <span class=\"_ _0\"></span>warto\u015bci<span class=\"_ _3\"></span>owe <span class=\"_ _0\"></span>zaprezent<span class=\"_ _3\"></span>owana </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:297.17227px; bottom:134.8927px;\">zosta\u0142a w Nocie 7<span class=\"_ _3\"></span>.5.1.4. </div>Nota 7.5.1 Ryzy<span class=\"_ _3\"></span>ko rynkowe Poprzez <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>rynkowe, <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _74\"> </span>nara\u017cona <span class=\"_ _1\"> </span>jest <span class=\"_ _74\"> </span>Grupa <span class=\"_ _1\"> </span>Kapita\u0142owa, <span class=\"_ _1\"> </span>rozumie <span class=\"_ _1\"> </span>s<span class=\"_ _2\"></span>i\u0119 <span class=\"_ _1\"> </span>mo\u017cliwo\u015b\u0107 <span class=\"_ _1\"> </span>wyst\u0105pienia <span class=\"_ _1\"> </span>negatywnego wp\u0142ywu <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>wyniki <span class=\"_ _1\"> </span>Grupy <span class=\"_ _74\"> </span>wynikaj\u0105cego <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>zmiany <span class=\"_ _74\"> </span>cen <span class=\"_ _1\"> </span>rynkowych <span class=\"_ _1\"> </span>to<span class=\"_ _2\"></span>war\u00f3w, <span class=\"_ _1\"> </span>kurs\u00f3w <span class=\"_ _1\"> </span>walutowych <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>st\u00f3p <span class=\"_ _74\"> </span>procentowych, d\u0142u\u017cnych papier<span class=\"_ _3\"></span>\u00f3w warto\u015bciowyc<span class=\"_ _3\"></span>h oraz cen akcji sp\u00f3\u0142ek n<span class=\"_ _3\"></span>otowanych w obrocie pub<span class=\"_ _3\"></span>licznym. Nota 7.5.1.1 Z<span class=\"_ _3\"></span>asady i techniki zarz<span class=\"_ _3\"></span>\u0105dzania ryzykiem rynk<span class=\"_ _3\"></span>owym W <span class=\"_ _57\"> </span>zakresie <span class=\"_ _57\"> </span>zarz\u0105dzania<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(w <span class=\"_ _57\"> </span>szczeg\u00f3lno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>zmian <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>metali  i <span class=\"_ _57\"> </span>walutowym) <span class=\"_ _57\"> </span>najwi\u0119ksze<span class=\"_ _3\"></span> znaczenie <span class=\"_ _74\"> </span>oraz  wp\u0142yw <span class=\"_ _74\"> </span>na  w<span class=\"_ _3\"></span>yniki  Gru<span class=\"_ _3\"></span>py  Kapi<span class=\"_ _3\"></span>ta\u0142owej  K<span class=\"_ _3\"></span>GHM  P<span class=\"_ _3\"></span>olska <span class=\"_ _58\"> </span>Mied\u017a <span class=\"_ _74\"> </span>S.A.  ma <span class=\"_ _74\"> </span>skala  i <span class=\"_ _74\"> </span>profil  dzia<span class=\"_ _3\"></span>\u0142alno\u015bci <span class=\"_ _58\"> </span>Jednostki Dominuj\u0105cej oraz <span class=\"_ _3\"></span>sp\u00f3\u0142ek wydobywczych <span class=\"_ _3\"></span>KGHM INTERNAT<span class=\"_ _3\"></span>IONAL LTD. Jednostka <span class=\"_ _55\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>aktywnie <span class=\"_ _55\"> </span>zarz\u0105dza <span class=\"_ _54\"> </span>ryzykiem <span class=\"_ _5e\"> </span>rynkowym,<span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>pode<span class=\"_ _2\"></span>jmuj\u0105c <span class=\"_ _55\"> </span>dzia\u0142ania <span class=\"_ _54\"> </span>i <span class=\"_ _5e\"> </span>decyzje <span class=\"_ _55\"> </span>w <span class=\"_ _55\"> </span>tym <span class=\"_ _55\"> </span>zakresie w kontek\u015bcie globaln<span class=\"_ _3\"></span>ej ekspozycji <span class=\"_ _3\"></span>w ca\u0142ej Grupie Kapita\u0142owe<span class=\"_ _3\"></span>j KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. Zgodnie z przyj\u0119<span class=\"_ _3\"></span>t\u0105 polityk\u0105, celami pr<span class=\"_ _3\"></span>ocesu zarz\u0105dzania <span class=\"_ _3\"></span>ryzykiem rynkowym w Grupie Ka<span class=\"_ _3\"></span>pita\u0142owej s\u0105: <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ograniczeni<span class=\"_ _3\"></span>e zmienno\u015bci wyniku finan<span class=\"_ _3\"></span>sowego, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zwi\u0119kszenie pr<span class=\"_ _3\"></span>awdopodobie\u0144st<span class=\"_ _3\"></span>wa realizacji za\u0142o\u017ce\u0144 bud\u017c<span class=\"_ _3\"></span>etowych,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zmniejszenie pr<span class=\"_ _3\"></span>awdopodobie\u0144st<span class=\"_ _3\"></span>wa utraty p\u0142ynno\u015bci finan<span class=\"_ _3\"></span>sowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">utrzymanie d<span class=\"_ _3\"></span>obrej kondycji finan<span class=\"_ _3\"></span>sowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">wspieranie <span class=\"_ _63\"> </span>procesu <span class=\"_ _63\"> </span>podejmowania <span class=\"_ _63\"> </span>decyzji <span class=\"_ _63\"> </span>strategicznych <span class=\"_ _63\"> </span>w <span class=\"_ _63\"> </span>o<span class=\"_ _2\"></span>bszarze <span class=\"_ _63\"> </span>dzia\u0142alno\u015bci <span class=\"_ _63\"> </span>inwestycyjnej, </span></span>z uwzgl\u0119dnieniem \u017ar<span class=\"_ _3\"></span>\u00f3de\u0142 finansowania<span class=\"_ _3\"></span> inwestycji. Wszystkie cele <span class=\"_ _2\"></span>zarz\u0105dzania ryzykiem <span class=\"_ _2\"></span>rynkowym nale\u017cy <span class=\"_ _2\"></span>rozpatrywa\u0107 \u0142\u0105cznie, a <span class=\"_ _2\"></span>ich <span class=\"_ _2\"></span>realizacja je<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>zale\u017cna przede <span class=\"_ _2\"></span>wszystkim od sytuacji wewn\u0119<span class=\"_ _3\"></span>trznej Grupy oraz<span class=\"_ _3\"></span> warunk\u00f3w rynkowych. <span class=\"_ _3\"></span> Cele <span class=\"_ _69\"> </span>zarz\u0105dzania <span class=\"_ _67\"> </span>ryzykiem <span class=\"_ _69\"> </span>rynkowym <span class=\"_ _69\"> </span>na <span class=\"_ _69\"> </span>poziomie <span class=\"_ _69\"> </span>Grupy <span class=\"_ _69\"> </span>Kapita\u0142owej <span class=\"_ _69\"> </span>s\u0105 <span class=\"_ _69\"> </span>osi\u0105gane <span class=\"_ _69\"> </span>w <span class=\"_ _69\"> </span>wyniku <span class=\"_ _69\"> </span>ich <span class=\"_ _69\"> </span>realizacji w poszczeg\u00f3lnych <span class=\"_ _57\"> </span>sp\u00f3\u0142kach <span class=\"_ _57\"> </span>wydobywczych <span class=\"_ _57\"> </span>Grupy, <span class=\"_ _57\"> </span>przy <span class=\"_ _57\"> </span>koordynacji <span class=\"_ _57\"> </span>tych <span class=\"_ _59\"> </span>dzia\u0142a\u0144 <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>poziomu <span class=\"_ _57\"> </span>Jednostki <span class=\"_ _57\"> </span>Dominuj\u0105cej,<span class=\"_ _3\"></span> w kt\u00f3rej  scentralizowane  zosta\u0142y  kluczowe <span class=\"_ _57\"> </span>zadania  zwi\u0105zane  z  proce<span class=\"_ _2\"></span>sem  zarz\u0105dzania  ryzykiem  rynkowym  w Grupie (m.in. koordynacja <span class=\"_ _55\"> </span>identyfikacji<span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>\u017ar\u00f3de\u0142 <span class=\"_ _5e\"> </span>ekspozycji <span class=\"_ _55\"> </span>na <span class=\"_ _5e\"> </span>ryzyko <span class=\"_ _55\"> </span>rynkowe, <span class=\"_ _55\"> </span>proponowanie <span class=\"_ _55\"> </span>strategii <span class=\"_ _5e\"> </span>zabezpieczaj\u0105c<span class=\"_ _3\"></span>ych, kontaktowanie  si\u0119  z  instytucjami  finansowymi  w  celu  zawierania,<span class=\"_ _3\"></span>  po<span class=\"_ _2\"></span>twierdzania  i rozliczan<span class=\"_ _3\"></span>ia  transakcji  pochodnych, kalkulowanie wyceny d<span class=\"_ _3\"></span>o warto\u015bci godziw<span class=\"_ _3\"></span>ej). G\u0142\u00f3wn\u0105 <span class=\"_ _53\"></span>technik\u0105 <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _2\"></span>ryzykiem <span class=\"_ _53\"></span>rynkowym <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>Je<span class=\"_ _2\"></span>dnostce <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>strategie <span class=\"_ _53\"></span>zabezpieczaj\u0105ce <span class=\"_ _2\"></span>wykorzystuj\u0105ce instrumenty <span class=\"_ _57\"> </span>pochodne. <span class=\"_ _59\"> </span>St<span class=\"_ _3\"></span>osuje <span class=\"_ _57\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>ak\u017ce <span class=\"_ _57\"> </span>hedging <span class=\"_ _59\"> </span>natura<span class=\"_ _3\"></span>lny. <span class=\"_ _59\"> </span>Niekt<span class=\"_ _3\"></span>\u00f3re <span class=\"_ _59\"> </span>krajowe <span class=\"_ _57\"> </span>sp\u00f3\u0142ki <span class=\"_ _59\"> </span>Grupy<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>r\u00f3wnie\u017c <span class=\"_ _57\"> </span>wykorzystuj\u0105 instrumenty <span class=\"_ _2\"></span>pochodne <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>swojej <span class=\"_ _2\"></span>dzia\u0142alno\u015bci, <span class=\"_ _53\"></span>jednak\u017ce <span class=\"_ _2\"></span>jedynie <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>stosuje <span class=\"_ _53\"></span>transakcje <span class=\"_ _2\"></span>zabezpieczaj\u0105c<span class=\"_ _3\"></span>e w rozumieniu rachunk<span class=\"_ _3\"></span>owo\u015bci zabezpie<span class=\"_ _3\"></span>cze\u0144.  Bior\u0105c <span class=\"_ _2\"></span>pod <span class=\"_ _53\"></span>uwag\u0119 <span class=\"_ _2\"></span>potencjaln\u0105 <span class=\"_ _2\"></span>skal\u0119 <span class=\"_ _2\"></span>wp\u0142<span class=\"_ _2\"></span>ywu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>niki <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>Kapita\u0142owej, <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>zynniki <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>rynkowego <span class=\"_ _2\"></span>zos<span class=\"_ _2\"></span>ta\u0142y <span class=\"_ _2\"></span>podzielone na grupy Grupa <span class=\"_ _a3\"> </span>Ryzyko ry<span class=\"_ _3\"></span>nkowe <span class=\"_ _6a\"> </span>Po<span class=\"_ _2\"></span>dej\u015bcie do z<span class=\"_ _3\"></span>arz\u0105dzania ryzyki<span class=\"_ _3\"></span>em Nota 7.2 Grupa I \u2013 o najwi\u0119kszy<span class=\"_ _3\"></span>m udziale w ca\u0142k<span class=\"_ _3\"></span>owitej ekspozycji G<span class=\"_ _3\"></span>rupy na ryzyko rynk<span class=\"_ _3\"></span>owe Cena mied<span class=\"_ _3\"></span>zi W <span class=\"_ _1\"> </span>odniesie<span class=\"_ _3\"></span>niu <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>tej <span class=\"_ _0\"></span>grupy <span class=\"_ _1\"> </span>stosuje<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>podej\u015bcie <span class=\"_ _0\"> </span>strategiczne <span class=\"_ _0\"></span>polegaj\u0105ce<span class=\"_ _3\"></span> na systemat<span class=\"_ _3\"></span>ycznym <span class=\"_ _69\"> </span>budowaniu <span class=\"_ _69\"> </span>pozycji <span class=\"_ _69\"> </span>zabezpiec<span class=\"_ _3\"></span>zaj\u0105cej, <span class=\"_ _69\"> </span>obejmuj\u0105cej<span class=\"_ _3\"></span> produkcj\u0119 <span class=\"_ _5d\"> </span>oraz <span class=\"_ _69\"> </span>p<span class=\"_ _2\"></span>rzycho<span class=\"_ _3\"></span>dy <span class=\"_ _5d\"> </span>ze <span class=\"_ _5d\"> </span>sprzeda\u017cy <span class=\"_ _5d\"> </span>na <span class=\"_ _5d\"> </span>kolejne <span class=\"_ _5d\"> </span>ok<span class=\"_ _3\"></span>resy, <span class=\"_ _5d\"> </span>przy uwzgl\u0119dnie<span class=\"_ _3\"></span>niu <span class=\"_ _1\"> </span>cy<span class=\"_ _2\"></span>kliczno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _74\"> </span>poszczeg\u00f3l<span class=\"_ _3\"></span>nych <span class=\"_ _74\"> </span>rynk\u00f3w <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>d\u0142u\u017cszym <span class=\"_ _1\"> </span>terminie.<span class=\"_ _3\"></span> Pozycja <span class=\"_ _35\"> </span>zabezpiec<span class=\"_ _3\"></span>zaj\u0105ca <span class=\"_ _35\"> </span>mo\u017ce <span class=\"_ _35\"> </span>by\u0107 <span class=\"_ _35\"> </span>restruktu<span class=\"_ _3\"></span>ryzowana <span class=\"_ _35\"> </span>przed<span class=\"_ _3\"></span> jej wyga\u015bni\u0119cie<span class=\"_ _3\"></span>m. Nota 7.2 <span class=\"_ _12f\"> </span>Cena srebra<span class=\"_ _3\"></span> Nota 7.2 <span class=\"_ _12f\"> </span>Kurs USD/PL<span class=\"_ _3\"></span>N Nota 7.2 Grupa II \u2013 p<span class=\"_ _3\"></span>ozosta\u0142a ekspozycja <span class=\"_ _3\"></span>na ryzyko rynk<span class=\"_ _3\"></span>owe Ceny pozost<span class=\"_ _3\"></span>a\u0142ych metali i towar<span class=\"_ _3\"></span>\u00f3w Ta <span class=\"_ _0\"></span>grupa <span class=\"_ _53\"></span>to <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"></span>mniej <span class=\"_ _53\"></span>kluczowe <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>punktu <span class=\"_ _0\"></span>widzenia <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>K<span class=\"_ _2\"></span>apita\u0142<span class=\"_ _3\"></span>owej, cho\u0107 <span class=\"_ _2\"></span>czasem <span class=\"_ _53\"></span>istotne z<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>punktu <span class=\"_ _2\"></span>widzenia <span class=\"_ _2\"></span>poszczeg\u00f3lnych <span class=\"_ _2\"></span>jednostek, dlatego zarz\u0105dzana <span class=\"_ _5f\"> </span>jest <span class=\"_ _6b\"> </span>w spos\u00f3b <span class=\"_ _6b\"> </span>taktyczny, <span class=\"_ _6b\"> </span>nie <span class=\"_ _6b\"> </span>maj\u0105cy <span class=\"_ _6b\"> </span>chara<span class=\"_ _3\"></span>kteru systematycz<span class=\"_ _3\"></span>nego, <span class=\"_ _5d\"> </span>cz\u0119sto <span class=\"_ _64\"> </span>wyk<span class=\"_ _3\"></span>orzystuj\u0105c <span class=\"_ _5d\"> </span>ponadprzeci\u0119t<span class=\"_ _3\"></span>nie <span class=\"_ _5d\"> </span>sprzyjaj\u0105ce warunki rynk<span class=\"_ _3\"></span>owe. Nota 7.2 Pozosta\u0142e ku<span class=\"_ _3\"></span>rsy walutowe<span class=\"_ _3\"></span> Nota 7.2 <span class=\"_ _12f\"> </span>Stopy proce<span class=\"_ _3\"></span>ntowe W zarz\u0105dz<span class=\"_ _3\"></span>aniu ryzykiem rynkowym stosu<span class=\"_ _3\"></span>je si\u0119 odr\u0119bne podej\u015b<span class=\"_ _3\"></span>cia dla poszcze<span class=\"_ _3\"></span>g\u00f3lnych, zidentyfik<span class=\"_ _3\"></span>owanych grup ekspozy<span class=\"_ _3\"></span>cji.  Przy wybo<span class=\"_ _2\"></span>rze <span class=\"_ _2\"></span>wdra\u017canych strategii <span class=\"_ _2\"></span>zabezpieczaj\u0105cych <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>restruk<span class=\"_ _3\"></span>turyzacji <span class=\"_ _2\"></span>pozycji <span class=\"_ _2\"></span>zabezpieczaj\u0105ce<span class=\"_ _3\"></span>j <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca uwzgl\u0119dnia <span class=\"_ _53\"></span>nast\u0119puj\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>czynniki: <span class=\"_ _53\"></span>aktualne <span class=\"_ _53\"></span>i prognoz<span class=\"_ _3\"></span>owane <span class=\"_ _53\"></span>warunki <span class=\"_ _53\"></span>rynkowe, <span class=\"_ _53\"></span>sytuacj\u0119 <span class=\"_ _53\"></span>wewn\u0119trz<span class=\"_ _3\"></span>n\u0105 <span class=\"_ _53\"></span>Jednostki, <span class=\"_ _53\"></span>efektywny<span class=\"_ _3\"></span> poziom i koszt zabezpi<span class=\"_ _3\"></span>eczenia oraz<span class=\"_ _3\"></span> wp\u0142yw podatku od niek<span class=\"_ _3\"></span>t\u00f3rych kopalin. Jednostka  Dominuj\u0105ca  stosuje  zintegrowan<span class=\"_ _3\"></span>e  podej\u015bcie  do  zarz\u0105dzania  ryzykiem  rynkowym,  na  kt\u00f3re  jest  nara\u017cona. Oznacza  to podej\u015bcie  ca\u0142o\u015bciow<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>do  ryzyka  rynkowego,  a  nie  do <span class=\"_ _57\"> </span>jego  poszczeg\u00f3lnych  element<span class=\"_ _3\"></span>\u00f3w  osobno. <span class=\"_ _57\"> </span>Przyk\u0142a<span class=\"_ _3\"></span>d stanowi\u0105 <span class=\"_ _2\"></span>transakcje <span class=\"_ _53\"></span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105ce <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _2\"></span>walutowym, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>\u015bci\u015ble <span class=\"_ _53\"></span>zwi\u0105zane <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>kontraktam<span class=\"_ _3\"></span>i <span class=\"_ _53\"></span>zawieranymi <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku metali. <span class=\"_ _0\"> </span>Zabezpieczanie <span class=\"_ _0\"></span>cen <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _0\"></span>metali <span class=\"_ _0\"></span>determinuje <span class=\"_ _0\"></span>prawdopodobie\u0144stwo <span class=\"_ _0\"></span>uzyskania <span class=\"_ _0\"></span>okre\u015blonych <span class=\"_ _0\"> </span>przychod\u00f3w <span class=\"_ _0\"> </span>ze sprzeda\u017cy w USD,<span class=\"_ _3\"></span> kt\u00f3re to stanowi\u0105 pozycj<span class=\"_ _3\"></span>\u0119 zabezpieczan\u0105 dla <span class=\"_ _3\"></span>strategii na rynku <span class=\"_ _3\"></span>walutowym.  Stosowane <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _5a\"> </span>tylko <span class=\"_ _54\"> </span>te <span class=\"_ _5a\"> </span>instrumenty <span class=\"_ _54\"> </span>pochodn<span class=\"_ _3\"></span>e, <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>J<span class=\"_ _3\"></span>ednostka <span class=\"_ _5a\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>stanie <span class=\"_ _54\"> </span>wyceni\u0107 <span class=\"_ _5a\"> </span>wewn\u0119trznie<span class=\"_ _3\"></span> z zastosowaniem <span class=\"_ _53\"></span>standardow<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>modeli <span class=\"_ _53\"></span>wyceny <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>danego <span class=\"_ _53\"></span>instrumentu, <span class=\"_ _53\"></span>jak <span class=\"_ _53\"></span>r\u00f3wnie\u017c <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _53\"></span>zby\u0107 <span class=\"_ _53\"></span>je <span class=\"_ _0\"></span>bez <span class=\"_ _53\"></span>znacznej <span class=\"_ _53\"></span>utraty<span class=\"_ _3\"></span> warto\u015bci <span class=\"_ _54\"> </span>u <span class=\"_ _54\"> </span>kontrahenta <span class=\"_ _54\"> </span>inn<span class=\"_ _3\"></span>ego <span class=\"_ _54\"> </span>ni\u017c <span class=\"_ _54\"> </span>ten, <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>kt\u00f3rym <span class=\"_ _54\"> </span>pierwotnie <span class=\"_ _5a\"> </span>zawar\u0142a <span class=\"_ _54\"> </span>transakcj\u0119. <span class=\"_ _54\"> </span>Do <span class=\"_ _54\"> </span>wyceny <span class=\"_ _54\"> </span>rynkow<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>danych instrument\u00f3w <span class=\"_ _53\"></span>Jednostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>wykorzystuje <span class=\"_ _0\"></span>informacje <span class=\"_ _53\"></span>uzyskane <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>wiod\u0105cych <span class=\"_ _53\"></span>serwis\u00f3w <span class=\"_ _0\"></span>informac<span class=\"_ _3\"></span>yjnych, <span class=\"_ _53\"></span>bank\u00f3w oraz firm brokerski<span class=\"_ _3\"></span>ch.  Polityka <span class=\"_ _54\"> </span>Zarz\u0105dzania <span class=\"_ _54\"> </span>Ryzykiem <span class=\"_ _54\"> </span>Rynkowym <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>Grupie <span class=\"_ _54\"> </span>Kapita\u0142owej <span class=\"_ _54\"> </span>dopuszcz<span class=\"_ _3\"></span>a <span class=\"_ _54\"> </span>stosowanie <span class=\"_ _54\"> </span>nast\u0119puj\u0105cych <span class=\"_ _54\"> </span>rodzaj\u00f3w instrument\u00f3w: \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty swap,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty forward,<span class=\"_ _3\"></span> futures, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty opcyjne,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">struktury z\u0142o\u017cone z w<span class=\"_ _3\"></span>y\u017cej wymienionych instrum<span class=\"_ _3\"></span>ent\u00f3w. </span></span>Wykorzystywane  instrum<span class=\"_ _3\"></span>enty  mog\u0105  mie\u0107  zatem  zar\u00f3wno  charakter  standaryzowany  (instrum<span class=\"_ _3\"></span>enty  b\u0119d\u0105ce  w obrocie gie\u0142dowym), j<span class=\"_ _2\"></span>ak r\u00f3wnie\u017c <span class=\"_ _2\"></span>charakter niestandaryzowany (instrumenty <span class=\"_ _2\"></span>b\u0119d\u0105ce w <span class=\"_ _2\"></span>obrocie <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rynku pozagie\u0142dowym <span class=\"_ _2\"></span>tzw. <span class=\"ff3\">ov<span class=\"_ _2\"></span>er </span>the  counter<span class=\"ff2\">). <span class=\"_ _57\"> </span>Stosow<span class=\"_ _3\"></span>ane  s\u0105 <span class=\"_ _57\"> </span>przede  wszystkim  instrument<span class=\"_ _3\"></span>y <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105ce  przep\u0142ywy  pieni\u0119\u017cne  spe\u0142niaj\u0105ce  wymogi </span>skuteczno\u015bci  w <span class=\"_ _57\"> </span>rozumieniu <span class=\"_ _57\"> </span>rac<span class=\"_ _3\"></span>hunkowo\u015bci <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>e\u0144. <span class=\"_ _57\"> </span>Skuteczno\u015b\u0107  zabezpieczaj\u0105cych  instrument\u00f3w <span class=\"_ _57\"> </span>finansowy<span class=\"_ _3\"></span>ch stosowanych <span class=\"_ _0\"> </span>przez <span class=\"_ _1\"> </span>Jednostk\u0119 <span class=\"_ _0\"></span>Dominuj\u0105c\u0105 <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>okresie <span class=\"_ _0\"> </span>sprawozdawczym <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>bie\u017c\u0105co <span class=\"_ _0\"> </span>mo<span class=\"_ _2\"></span>nito<span class=\"_ _3\"></span>rowana <span class=\"_ _1\"> </span>i podlega <span class=\"_ _0\"></span>ci\u0105g\u0142ej ocenie (szczeg\u00f3\u0142y w N<span class=\"_ _3\"></span>ocie 7.2 Pochodne in<span class=\"_ _3\"></span>strumenty finansow<span class=\"_ _3\"></span>e - zasady rachu<span class=\"_ _3\"></span>nkowo\u015bci). Powi\u0105zanie <span class=\"_ _0\"></span>ekonomiczn<span class=\"_ _3\"></span>e <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>mi\u0119<span class=\"_ _3\"></span>dzy <span class=\"_ _0\"></span>instrumentem <span class=\"_ _0\"></span>zabezpieczaj\u0105cym <span class=\"_ _53\"></span>a <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zycj\u0105 <span class=\"_ _0\"></span>zabezpieczan\u0105 <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"></span>oparte <span class=\"_ _0\"></span>o <span class=\"_ _0\"> </span>wra\u017cliwo\u015b\u0107 warto\u015bci <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zycji <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>te <span class=\"_ _1\"> </span>same <span class=\"_ _1\"> </span>czynniki <span class=\"_ _0\"></span>rynkowe <span class=\"_ _1\"> </span>(ceny <span class=\"_ _0\"> </span>metali, <span class=\"_ _1\"> </span>kursy <span class=\"_ _1\"> </span>walutowe <span class=\"_ _0\"> </span>lub <span class=\"_ _1\"> </span>stopy <span class=\"_ _1\"> </span>procentowe) <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>dopasowanie<span class=\"_ _3\"></span> odpowiednich <span class=\"_ _53\"></span>parametr\u00f3w <span class=\"_ _0\"></span>krytycznych <span class=\"_ _53\"></span>instrumentu <span class=\"_ _53\"></span>zabezpieczaj\u0105cego <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>zycji <span class=\"_ _53\"></span>zabezpieczanej <span class=\"_ _53\"></span>(wolumen/nomina\u0142, termin realizacji). <span class=\"_ _3\"></span> Wska\u017anik <span class=\"_ _54\"> </span>zabezpiecz<span class=\"_ _3\"></span>enia <span class=\"_ _54\"> </span>ustanowionego <span class=\"_ _54\"> </span>powi\u0105zania <span class=\"_ _5a\"> </span>zabezpieczaj\u0105cego <span class=\"_ _54\"> </span>ustalony <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>wysoko\u015bci <span class=\"_ _5a\"> </span>zapewniaj\u0105cej efektywno\u015b\u0107 <span class=\"_ _69\"> </span>powi\u0105zania <span class=\"_ _69\"> </span>oraz <span class=\"_ _5d\"> </span>jest <span class=\"_ _69\"> </span>sp\u00f3jny <span class=\"_ _69\"> </span>z <span class=\"_ _5d\"> </span>rzeczywistym<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>wolumen<span class=\"_ _3\"></span>em <span class=\"_ _5d\"> </span>zabezpi<span class=\"_ _3\"></span>eczanej <span class=\"_ _69\"> </span>pozycji <span class=\"_ _5d\"> </span>i <span class=\"_ _69\"> </span>instrumentu zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go. \u0179r\u00f3d\u0142a <span class=\"_ _2\"></span>potencjalnej niee<span class=\"_ _3\"></span>fektywno\u015bci powi\u0105zania wynikaj\u0105 z niedopasowaniu p<span class=\"_ _3\"></span>arametr\u00f3w instrumentu zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>pozycji <span class=\"_ _1\"> </span>zabezpieczanej <span class=\"_ _1\"> </span>(np. <span class=\"_ _74\"> </span>nomina\u0142, <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ermin, <span class=\"_ _1\"> </span>instrument <span class=\"_ _1\"> </span>bazowy, <span class=\"_ _1\"> </span>wp\u0142<span class=\"_ _2\"></span>yw <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>kredytowego). Przy <span class=\"_ _54\"> </span>strukturyzacji <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>zabezpieczaj\u0105cej <span class=\"_ _54\"> </span>Jednostka <span class=\"_ _54\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>d\u0105\u017cy <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>maksymalnego <span class=\"_ _54\"> </span>dopasowania <span class=\"_ _54\"> </span>tych parametr\u00f3w, aby zminim<span class=\"_ _3\"></span>alizowa\u0107 \u017a<span class=\"_ _3\"></span>r\u00f3d\u0142a nieefektywno\u015bci.<span class=\"_ _3\"></span> Jednostka Dominuj\u0105<span class=\"_ _3\"></span>ca kwantyfikuje wielk<span class=\"_ _3\"></span>o\u015b\u0107 ryzyka rynkoweg<span class=\"_ _3\"></span>o, na jakie jest nara\u017cona i stara<span class=\"_ _3\"></span> si\u0119 wyrazi\u0107 je sp\u00f3jn\u0105<span class=\"_ _3\"></span> i \u0142\u0105czn\u0105 miar\u0105.  Sporz\u0105dzane  symulacje  (m.in.  analizy  scenariusz<span class=\"_ _3\"></span>owe,  analizy  stress-testingu  i backtesti<span class=\"_ _3\"></span>ngu)  oraz  kalkulowane miary <span class=\"_ _74\"> </span>ryzyka  stanowi\u0105 <span class=\"_ _74\"> </span>wsparcie <span class=\"_ _74\"> </span>w  procesie <span class=\"_ _74\"> </span>zarz\u0105dzania <span class=\"_ _74\"> </span>ryzykiem  rynk<span class=\"_ _3\"></span>owym  w <span class=\"_ _74\"> </span>Grupie  Kap<span class=\"_ _3\"></span>ita\u0142owej. <span class=\"_ _74\"> </span>Wykorzystywane miary <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>parte <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>g\u0142\u00f3wnie <span class=\"_ _0\"></span>na modelowaniu <span class=\"_ _0\"></span>matematyczno-stat<span class=\"_ _3\"></span>ystycznym <span class=\"_ _0\"></span>bazuj\u0105cym <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>historycznych <span class=\"_ _0\"></span>i bie\u017c\u0105cych danych rynkowych d<span class=\"_ _3\"></span>otycz\u0105cych cz<span class=\"_ _3\"></span>ynnik\u00f3w ryzyka oraz u<span class=\"_ _3\"></span>wzgl\u0119dniaj\u0105 ak<span class=\"_ _3\"></span>tualn\u0105 ekspozycj\u0119 na ryz<span class=\"_ _3\"></span>yko rynkowe.  Jedn\u0105  z <span class=\"_ _74\"> </span>miar <span class=\"_ _58\"> </span>ryzyka <span class=\"_ _74\"> </span>wyko<span class=\"_ _2\"></span>rzystywan<span class=\"_ _3\"></span>ych  jako <span class=\"_ _74\"> </span>narz\u0119dzie  pom<span class=\"_ _3\"></span>ocnicze  w <span class=\"_ _74\"> </span>podejmowaniu  de<span class=\"_ _3\"></span>cyzji <span class=\"_ _74\"> </span>w  procesie  za<span class=\"_ _3\"></span>rz\u0105dzania ryzykiem <span class=\"_ _2\"></span>rynkowym <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>Jednostce<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>miara <span class=\"_ _2\"></span>EaR <span class=\"_ _2\"></span>-<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Earnings <span class=\"_ _53\"></span>at <span class=\"_ _2\"></span>Risk <span class=\"_ _53\"></span>(zysk <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>nara\u017cony <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ryzyko). <span class=\"_ _2\"></span>Miara <span class=\"_ _2\"></span>ta dla <span class=\"_ _1\"> </span>zadanego <span class=\"_ _1\"> </span>prawdopodobie\u0144stwa <span class=\"_ _0\"> </span>wskazuje <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span>ln\u0105 <span class=\"_ _1\"> </span>progow\u0105 <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>zysku <span class=\"_ _1\"> </span>netto <span class=\"_ _1\"> </span>(np. <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>95% <span class=\"_ _1\"> </span>prawdopodobie\u0144stwem zysk <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>w danym <span class=\"_ _53\"></span>roku <span class=\"_ _0\"></span>nie <span class=\"_ _53\"></span>b\u0119dzie <span class=\"_ _0\"></span>ni\u017cszy <span class=\"_ _0\"></span>ni\u017c\u2026). <span class=\"_ _53\"></span>Metodologia <span class=\"_ _0\"></span>EaR <span class=\"_ _53\"></span>umo\u017cliwia <span class=\"_ _0\"></span>kalkulacj\u0119 <span class=\"_ _0\"></span>zysku <span class=\"_ _53\"></span>netto <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>uwzgl\u0119dni<span class=\"_ _3\"></span>eniem wp\u0142ywu <span class=\"_ _74\"> </span>zmian  r<span class=\"_ _3\"></span>ynkowych <span class=\"_ _74\"> </span>cen  miedzi, <span class=\"_ _1\"> </span>srebra  oraz<span class=\"_ _3\"></span>  k<span class=\"_ _3\"></span>ursu <span class=\"_ _74\"> </span>waluto<span class=\"_ _2\"></span>wego <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>ko<span class=\"_ _2\"></span>ntek\u015bcie <span class=\"_ _74\"> </span>plan\u00f3w <span class=\"_ _74\"> </span>bud\u017cetowych. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>G<span class=\"_ _2\"></span>rupy KGHM INTERNATIO<span class=\"_ _3\"></span>NAL LTD. oraz <span class=\"_ _3\"></span>JV Sierra Gorda S.C.M. ka<span class=\"_ _3\"></span>lkulowana jest miara EB<span class=\"_ _3\"></span>ITDA-at-Risk. W zwi\u0105zku z ryzykiem o<span class=\"_ _2\"></span>graniczenia produkcji (na przyk\u0142ad spowodowanym dzia\u0142aniem \u201esi\u0142y wy\u017cszej\u201d) lub niezrealizowania<span class=\"_ _3\"></span> zak\u0142adanej  wielko\u015bci  przychod\u00f3<span class=\"_ _3\"></span>w  walutowych,  jak  i  zakupami  metali  zawartych  we wsadach  obcych,  ustalono  limity<span class=\"_ _3\"></span> zaanga\u017cowania w <span class=\"_ _3\"></span>instrumenty pochodn<span class=\"_ _3\"></span>e. Dla Jednostki Domin<span class=\"_ _3\"></span>uj\u0105cej limity na r<span class=\"_ _3\"></span>ynku metali i walutowym z<span class=\"_ _3\"></span>osta\u0142y ustalone:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">w <span class=\"_ _59\"> </span>wysoko\u015bci <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>85% <span class=\"_ _59\"> </span>wielko\u015bci <span class=\"_ _59\"> </span>planowanych <span class=\"_ _59\"> </span>miesi\u0119cznych <span class=\"_ _59\"> </span>wolum<span class=\"_ _3\"></span>en\u00f3w <span class=\"_ _59\"> </span>sprzeda\u017cy <span class=\"_ _59\"> </span>miedzi, <span class=\"_ _59\"> </span>srebra <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>z\u0142ota </span></span>z wsad\u00f3w <span class=\"_ _5a\"> </span>w\u0142asnych. <span class=\"_ _5a\"> </span>Przy <span class=\"_ _5a\"> </span>cz<span class=\"_ _3\"></span>ym <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>przypadku <span class=\"_ _5a\"> </span>miedzi <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>srebra <span class=\"_ _59\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>50% <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>odniesieniu <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>instrument\u00f3w stanowi\u0105cych <span class=\"_ _53\"></span>obowi\u0105zki <span class=\"_ _0\"></span>Jednost<span class=\"_ _3\"></span>ki <span class=\"_ _0\"></span>Dominuj\u0105c<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>(finansuj\u0105ce <span class=\"_ _53\"></span>strategie <span class=\"_ _0\"></span>zab<span class=\"_ _3\"></span>ezpieczaj\u0105ce) <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>85% <span class=\"_ _53\"></span>w odniesieniu do instrument\u00f3w s<span class=\"_ _3\"></span>tanowi\u0105cych prawa<span class=\"_ _3\"></span> Jednostki Dominuj\u0105cej<span class=\"_ _3\"></span>. \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">w <span class=\"_ _74\"> </span>wyso<span class=\"_ _2\"></span>ko\u015bci <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>  85<span class=\"_ _3\"></span>%  wielko\u015bci<span class=\"_ _3\"></span>  planowanych <span class=\"_ _74\"> </span>miesi\u0119cznych  pr<span class=\"_ _3\"></span>zychod\u00f3w  ze <span class=\"_ _74\"> </span>sprzeda\u017cy  produk<span class=\"_ _3\"></span>t\u00f3w  z <span class=\"_ _74\"> </span>wsad\u00f3w </span></span>w\u0142asnych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>USD <span class=\"_ _74\"> </span>lub <span class=\"_ _1\"> </span>wielko\u015bci <span class=\"_ _1\"> </span>zakontraktowanych <span class=\"_ _1\"> </span>miesi\u0119cznych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>walutowych <span class=\"_ _1\"> </span>netto <span class=\"_ _1\"> </span>w przypadku<span class=\"_ _3\"></span> innych <span class=\"_ _74\"> </span>walut. <span class=\"_ _58\"> </span>Dla <span class=\"_ _74\"> </span>cel\u00f3w  oblicza<span class=\"_ _3\"></span>nia <span class=\"_ _74\"> </span>limitu  wydatki <span class=\"_ _1\"> </span>z  tytu\u0142u <span class=\"_ _1\"> </span>obs\u0142ugi  z<span class=\"_ _3\"></span>ad\u0142u\u017cenia <span class=\"_ _74\"> </span>w  USD <span class=\"_ _74\"> </span>pomniejszaj\u0105 <span class=\"_ _1\"> </span>nomina\u0142 ekspozycji do zabezpi<span class=\"_ _3\"></span>eczenia. Odno\u015bnie <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>st\u00f3p <span class=\"_ _2\"></span>procentowych <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>ustali\u0142a <span class=\"_ _2\"></span>limit <span class=\"_ _53\"></span>zaanga\u017c<span class=\"_ _3\"></span>owania <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>instrumenty <span class=\"_ _53\"></span>pochodn<span class=\"_ _3\"></span>e do 100% warto\u015bci <span class=\"_ _3\"></span>nominalnej zad\u0142u\u017cenia <span class=\"_ _3\"></span>w ka\u017cdym okresi<span class=\"_ _3\"></span>e odsetkowym, wynikaj\u0105<span class=\"_ _3\"></span>cego z podpisa<span class=\"_ _3\"></span>nych um\u00f3w. Dla <span class=\"_ _2\"></span>wybranych <span class=\"_ _2\"></span>sp\u00f3\u0142ek wy<span class=\"_ _2\"></span>dobywczych Grupy <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>limity <span class=\"_ _2\"></span>zaanga\u017cowania w <span class=\"_ _2\"></span>inst<span class=\"_ _2\"></span>rumenty pochodne <span class=\"_ _2\"></span>na rynku miedzi oraz <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>walutowym <span class=\"_ _53\"></span>ustalon<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>poziomach <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>Jednostce <span class=\"_ _2\"></span>Dominuj\u0105cej, <span class=\"_ _53\"></span>natomiast <span class=\"_ _2\"></span>dla transakcji <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _2\"></span>niklu, srebra i z\u0142ota limit wyn<span class=\"_ _3\"></span>osi do 60% planowany<span class=\"_ _3\"></span>ch miesi\u0119cznych w<span class=\"_ _3\"></span>olumen\u00f3w sprz<span class=\"_ _3\"></span>eda\u017cy ze wsad\u00f3w <span class=\"_ _3\"></span>w\u0142asnych.  Limity odnosz\u0105 si\u0119 za<span class=\"_ _3\"></span>r\u00f3wno do tra<span class=\"_ _3\"></span>nsakcji zabezpieczaj\u0105cych<span class=\"_ _3\"></span>, jak i do instrument\u00f3w f<span class=\"_ _3\"></span>inansuj\u0105cych tak<span class=\"_ _3\"></span>ie transakcje. Maksymalny <span class=\"_ _53\"></span>horyzont <span class=\"_ _53\"></span>czasowy, <span class=\"_ _53\"></span>w obr\u0119bie <span class=\"_ _53\"></span>kt\u00f3rego <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>Kapita\u0142owa <span class=\"_ _53\"></span>podejmuje <span class=\"_ _53\"></span>decyzje <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zakresie <span class=\"_ _0\"></span>ograniczania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>ryzyka rynkowego, je<span class=\"_ _2\"></span>st zgo<span class=\"_ _2\"></span>dny z procesem <span class=\"_ _2\"></span>planowania <span class=\"_ _2\"></span>techniczn<span class=\"_ _3\"></span>o-ekonomicznego i <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>nosi 5 lat, <span class=\"_ _2\"></span>natomiast <span class=\"_ _2\"></span>w przypadku ryzyka stopy procentowej <span class=\"_ _3\"></span>obejmuje okres d\u0142u<span class=\"_ _3\"></span>goterminowych zo<span class=\"_ _3\"></span>bowi\u0105za\u0144 finansowych Grup<span class=\"_ _3\"></span>y. <div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:935.7721px;\">Nota 7.5.1.2 Ryzy<span class=\"_ _3\"></span>ko zmian cen met<span class=\"_ _3\"></span>ali </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:913.77606px;\">Jednostka Dominuj\u0105ca na<span class=\"_ _3\"></span>ra\u017cona jest na ryzyko zmian cen spr<span class=\"_ _3\"></span>zedawanych metali: miedzi, sr<span class=\"_ _3\"></span>ebra, z\u0142ota i o\u0142owiu. Natomiast </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:899.5801px;\">Grupa  KGHM <span class=\"_ _57\"> </span>INTERNATIONAL  LTD. <span class=\"_ _57\"> </span>jest  nara\u017cona <span class=\"_ _57\"> </span>na  ryzyko <span class=\"_ _57\"> </span>fluktuacji  cen <span class=\"_ _57\"> </span>miedzi,  z\u0142ota, <span class=\"_ _57\"> </span>niklu,  molibdenu, <span class=\"_ _57\"> </span>platyny </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:885.3841px;\">i palladu. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:863.54407px;\">W Jednostce Dominuj\u0105cej oraz Grupie KGHM INTERNAT<span class=\"_ _3\"></span>IONAL LTD. formu\u0142y ustalania cen zawarte w kontraktach fizycznej<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:849.3481px;\">sprzeda\u017cy <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>parte <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>\u0142\u00f3wnie <span class=\"_ _1\"> </span>na \u015brednich <span class=\"_ _74\"> </span>miesi\u0119cznych <span class=\"_ _1\"> </span>notowaniach <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>Londy\u0144skiej <span class=\"_ _74\"> </span>Gie\u0142dy <span class=\"_ _1\"> </span>M<span class=\"_ _2\"></span>etali <span class=\"_ _1\"> </span>w przypadku <span class=\"_ _74\"> </span>miedzi </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:835.1521px;\">i innych <span class=\"_ _1\"> </span>metali <span class=\"_ _0\"></span>podstawowych <span class=\"_ _0\"> </span>oraz <span class=\"_ _1\"> </span>z Londy\u0144skiego <span class=\"_ _1\"> </span>Rynku <span class=\"_ _0\"></span>Kruszc\u00f3w <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>dniesieniu <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>metali <span class=\"_ _1\"> </span>szlachetnych<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>W <span class=\"_ _1\"> </span>ramach </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:820.9561px;\">polityki <span class=\"_ _57\"> </span>handlowej, <span class=\"_ _57\"> </span>Jednostka <span class=\"_ _57\"> </span>Dominuj\u0105ca <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>KGHM <span class=\"_ _57\"> </span>INTERNATIONAL <span class=\"_ _57\"> </span>LTD. <span class=\"_ _57\"> </span>ustalaj\u0105 <span class=\"_ _57\"> </span>baz\u0119 <span class=\"_ _57\"> </span>ce<span class=\"_ _2\"></span>now\u0105 <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>kontrakt\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:806.76013px;\">fizycznych jako \u015bre<span class=\"_ _3\"></span>dni\u0105 cen z odpowiedni<span class=\"_ _3\"></span>ego miesi\u0105ca w prz<span class=\"_ _3\"></span>ysz\u0142o\u015bci. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:784.9201px;\">Trwa\u0142e <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>bezpo\u015brednie <span class=\"_ _59\"> </span>powi\u0105z<span class=\"_ _3\"></span>anie <span class=\"_ _59\"> </span>strumienia <span class=\"_ _59\"> </span>wp\u0142yw\u00f3w <span class=\"_ _59\"> </span>ze <span class=\"_ _59\"> </span>sprz<span class=\"_ _3\"></span>eda\u017cy <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>cenami <span class=\"_ _59\"> </span>metali, <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>jednoczesnym <span class=\"_ _59\"> </span>braku </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:770.7241px;\">analogicznej <span class=\"_ _53\"></span>relacji <span class=\"_ _2\"></span>po <span class=\"_ _53\"></span>stronie <span class=\"_ _53\"></span>wydatk\u00f3w, <span class=\"_ _53\"></span>prowadzi <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>powstania <span class=\"_ _53\"></span>ekspozycji <span class=\"_ _53\"></span>strategicznej. <span class=\"_ _2\"></span>Z <span class=\"_ _53\"></span>kolei <span class=\"_ _53\"></span>ekspozycja <span class=\"_ _2\"></span>operacyjna </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:756.52814px;\">wynika <span class=\"_ _59\"> </span>z mo\u017cliwych <span class=\"_ _5a\"> </span>niedopaso<span class=\"_ _3\"></span>wa\u0144 <span class=\"_ _59\"> </span>warunk\u00f3w <span class=\"_ _5a\"> </span>cenowych <span class=\"_ _59\"> </span>ko<span class=\"_ _2\"></span>ntrakt\u00f3w <span class=\"_ _59\"> </span>fizycznych <span class=\"_ _59\"> </span>wzgl\u0119dem <span class=\"_ _59\"> </span>pro<span class=\"_ _2\"></span>filu <span class=\"_ _59\"> </span>funkcjonuj\u0105ceg<span class=\"_ _3\"></span>o </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:742.33215px;\">w Grupie, w szczeg<span class=\"_ _3\"></span>\u00f3lno\u015bci w zakresi<span class=\"_ _3\"></span>e referencyjnych cen i <span class=\"_ _3\"></span>okres\u00f3w kwotowania. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:720.3362px;\">Na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>metali <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>posiada <span class=\"_ _53\"></span>tzw. <span class=\"_ _0\"></span>pozycj\u0119 <span class=\"_ _53\"></span>d\u0142ug\u0105, <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>znaczy <span class=\"_ _53\"></span>nadwy\u017ck\u0119 <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>nad <span class=\"_ _53\"></span>zakupami. <span class=\"_ _2\"></span>Analizuj\u0105c <span class=\"_ _53\"></span>ekspo<span class=\"_ _2\"></span>zycj\u0119<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:706.29614px;\">strategiczn\u0105 <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>rynkowe, <span class=\"_ _1\"> </span>nale\u017cy <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>mniejszy\u0107 <span class=\"_ _1\"> </span>wolum<span class=\"_ _3\"></span>en <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>metali <span class=\"_ _74\"> </span>o <span class=\"_ _1\"> </span>ilo\u015b\u0107 <span class=\"_ _1\"> </span>zakupionych <span class=\"_ _1\"> </span>metali <span class=\"_ _1\"> </span>we </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:692.10016px;\">wsadach obcych. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:670.1042px;\">W tabeli poni\u017cej zaprezentowano ekspozy<span class=\"_ _3\"></span>cj\u0119 strategiczn\u0105 Grupy Kapita\u0142owej na ryzyko zmian cen miedzi i srebra w <span class=\"_ _2\"></span>latach </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:655.9082px;\">2021-2022. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:174.41275px; bottom:640.7762px;\">od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:415.42142px; bottom:640.7762px;\">od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:109.34827px; bottom:620.6522px;\"> <span class=\"_ _e8\"> </span><span class=\"ff1 fc2\">Netto<span class=\"_ _192\"> </span></span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:232.75674px; bottom:620.6522px;\">Sprzeda\u017c<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:333.2204px; bottom:620.6522px;\">Zakup<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:410.90875px; bottom:620.6522px;\">Netto<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:466.60052px; bottom:620.6522px;\">Sprzeda\u017c<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:552.8688px; bottom:620.6522px;\">Zakup<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:600.9962px;\">Mied\u017a [t] <span class=\"_ _7d\"> </span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:156.47275px; bottom:598.8122px;\">391 180<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:240.71262px; bottom:598.8122px;\">619 944<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:326.8246px; bottom:598.8122px;\">228 764</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:376.12057px; bottom:598.8122px;\"> <span class=\"_ _113\"> </span>432 910<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:474.4005px; bottom:598.8122px;\">628 011<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:547.3968px; bottom:598.8122px;\">195 101<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:581.96423px;\">Srebro [t] <span class=\"_ _b1\"> </span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:168.79675px; bottom:579.7802px;\">1 322<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:252.25641px; bottom:579.7802px;\">1 347<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:354.28058px; bottom:579.7802px;\">25</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:376.12057px; bottom:579.7802px;\"> <span class=\"_ _130\"> </span>1 222 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:487.3368px; bottom:579.7802px;\">1 251<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:572.9925px; bottom:579.7802px;\">29<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:549.3602px;\">Nomina\u0142 strategii zabezpieczaj\u0105cych cen\u0119 miedzi rozliczonych w 2022 r. st<span class=\"_ _2\"></span>anowi\u0142 oko\u0142o 25% (w 2021 r.<span class=\"_ _2\"></span> 44%) zrealizowanej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:535.16425px;\">przez Jednostk\u0119 D<span class=\"_ _3\"></span>ominuj\u0105c\u0105 ca\u0142kowitej sprze<span class=\"_ _3\"></span>da\u017cy tego metalu (st<span class=\"_ _3\"></span>anowi\u0142o to oko\u0142o 42<span class=\"_ _3\"></span>% sprzeda\u017cy netto<span class=\"_ _192\"> </span></div><div class=\"t m6 ha ff2 fs7 fc0 sc0 ls0 ws0\" style=\"left:497.80054px; bottom:539.0642px;\">1</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:500.2848px; bottom:535.16425px;\"> w 2022<span class=\"_ _3\"></span> r. i 67% w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:520.96826px;\">2021 r.).  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:499.12823px;\">Nomina\u0142 strategii zabezpi<span class=\"_ _3\"></span>eczaj\u0105cych cen\u0119 srebra rozliczonych<span class=\"_ _3\"></span> w 2022 r. stanowi\u0142 oko\u0142o 24% zrealizowane<span class=\"_ _3\"></span>j przez Jednostk\u0119 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:484.93225px;\">Dominuj\u0105c\u0105 ca\u0142k<span class=\"_ _3\"></span>owitej sprzeda\u017cy tego m<span class=\"_ _3\"></span>etalu (25% w 2021 <span class=\"_ _3\"></span>r.). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:462.93628px;\">W  ramach <span class=\"_ _57\"> </span>realizacji  strategicznego  planu  zabezpiecze\u0144  Jednostki  Do<span class=\"_ _2\"></span>minuj\u0105cej  przed  ryzykiem  rynkowym  w <span class=\"_ _57\"> </span>2022 r. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:448.74023px;\">wdro\u017cono strategie za<span class=\"_ _3\"></span>bezpieczaj\u0105ce planowan<span class=\"_ _3\"></span>e przychody ze sprzeda\u017cy m<span class=\"_ _3\"></span>iedzi. Zawarto strategie opcyjne <span class=\"ff3\">m<span class=\"_ _3\"></span>ewa<span class=\"ff2\"> na okres </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:434.70026px;\">od <span class=\"_ _1\"> </span>stycznia <span class=\"_ _74\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>\u0142\u0105cznego <span class=\"_ _1\"> </span>tona\u017cu <span class=\"_ _74\"> </span>90 <span class=\"_ _1\"> </span>tys. <span class=\"_ _1\"> </span>ton. <span class=\"_ _74\"> </span>Ponadto <span class=\"_ _1\"> </span>zrestrukturyzowana <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _1\"> </span>pozycja </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:420.50427px;\">zabezpieczaj\u0105c\u0105 <span class=\"_ _74\"> </span>na  rynku <span class=\"_ _74\"> </span>miedzi <span class=\"_ _74\"> </span>na  ten <span class=\"_ _74\"> </span>sam  okr<span class=\"_ _3\"></span>es  dla <span class=\"_ _74\"> </span>\u0142\u0105cznego <span class=\"_ _74\"> </span>tona\u017cu  12<span class=\"_ _3\"></span>  tys. <span class=\"_ _74\"> </span>ton,  p<span class=\"_ _3\"></span>oprzez <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>dniesieni<span class=\"_ _3\"></span>e  poziomu<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:406.3083px;\">wykonania <span class=\"_ _2\"></span>g\u00f3rnych i <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>lnych wystawionych <span class=\"_ _2\"></span>opcji <span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>struktur <span class=\"_ _2\"></span><span class=\"ff3\">mewa</span> <span class=\"_ _2\"></span>zawartych w <span class=\"_ _2\"></span>2020 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>W <span class=\"_ _53\"></span>2022 r. <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _2\"></span>Dominuj\u0105ca<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:392.11227px;\">nie wdro\u017cy\u0142a stra<span class=\"_ _3\"></span>tegii zabezpiecza<span class=\"_ _3\"></span>j\u0105cych na rynku srebra.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:370.1163px;\">W ramach <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _53\"></span>pozycj\u0105 <span class=\"_ _53\"></span>handlow\u0105 <span class=\"_ _53\"></span>netto<span class=\"_ _192\"> </span></div><div class=\"t m6 ha ff2 fs7 fc0 sc0 ls0 ws0\" style=\"left:229.79263px; bottom:374.0163px;\">2</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:232.75674px; bottom:370.1163px;\"> <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>zawarto <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>zw. <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>stos<span class=\"_ _3\"></span>owawcze <span class=\"_ _53\"></span>transakcje <span class=\"_ _53\"></span>pochodne <span class=\"_ _53\"></span>typu <span class=\"_ _53\"></span><span class=\"ff3\">swap</span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:356.0763px;\">na rynku miedzi <span class=\"_ _3\"></span>oraz z\u0142ota z termin<span class=\"_ _3\"></span>ami zapadalno\u015bci do czerwca<span class=\"_ _3\"></span> 2023 <span class=\"_ _3\"></span>r.<span class=\"fcb\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:334.08032px;\">W  ef<span class=\"_ _3\"></span>ekcie,  we<span class=\"_ _3\"></span>d\u0142ug  stan<span class=\"_ _3\"></span>u  na <span class=\"_ _74\"> </span>31  grudnia<span class=\"_ _3\"></span>  2022<span class=\"_ _3\"></span>  r. <span class=\"_ _74\"> </span>Jednostka  D<span class=\"_ _3\"></span>ominuj\u0105ca <span class=\"_ _74\"> </span>  posiada\u0142a <span class=\"_ _74\"> </span>otwarte <span class=\"_ _74\"> </span>pozycje  w <span class=\"_ _74\"> </span>instrumentach<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:319.8843px;\">pochodnych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>rynku <span class=\"_ _1\"> </span>miedzi <span class=\"_ _1\"> </span>dla 193,5 tys. <span class=\"_ _1\"> </span>ton <span class=\"_ _1\"> </span>(w <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ym: <span class=\"_ _1\"> </span>189 <span class=\"_ _1\"> </span>tys. <span class=\"_ _1\"> </span>ton <span class=\"_ _1\"> </span>wy<span class=\"_ _2\"></span>nika\u0142o <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>strategicznego <span class=\"_ _1\"> </span>zarz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _1\"> </span>ryzykie<span class=\"_ _2\"></span>m </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:305.68832px;\">rynkowym, <span class=\"_ _2\"></span>natomiast <span class=\"_ _53\"></span>4,3 tys. ton <span class=\"_ _2\"></span>zawarte <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _53\"></span>pozycj\u0105 <span class=\"_ _53\"></span>handlow\u0105 <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span>to) <span class=\"_ _53\"></span>oraz <span class=\"_ _2\"></span>dla <span class=\"_ _53\"></span>4,2 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>uncji </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:291.49234px;\">troja\u0144skich srebra.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:269.65234px;\">Poni\u017csze <span class=\"_ _53\"></span>tabele <span class=\"_ _0\"></span>prezentuj\u0105 <span class=\"_ _53\"></span>skr\u00f3cone <span class=\"_ _53\"></span>zestawienie <span class=\"_ _53\"></span>otwartych <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>nsakcji <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>instrumentach <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>siadanych <span class=\"_ _53\"></span>przez </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:255.45633px;\">Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>mie<span class=\"_ _2\"></span>dzi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>srebra <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"></span>zawartych <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>rama<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>strategiczn<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zarz\u0105dzania </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:241.26035px;\">ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(zabezpieczony <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>prezentowanych <span class=\"_ _57\"> </span>okresach <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>roz\u0142o\u017cony <span class=\"_ _57\"> </span>r\u00f3wnomiernie <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>podziale </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:227.06436px;\">miesi\u0119cznym).<span class=\"_ _3\"></span> </div><div class=\"t m5 h71 ff3 fs1b fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:33.780685px;\">1</div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:2.3447113px; bottom:30.504692px;\"> Sprzeda\u017c<span class=\"_ _2\"></span> miedzi pomni<span class=\"_ _2\"></span>ejszona o za<span class=\"_ _2\"></span>kupy miedzi we w<span class=\"_ _2\"></span>sadach obcych. </div><div class=\"t m6 ha ff3 fs7 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:20.676697px;\">2</div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:2.3447113px; bottom:16.776695px;\"> Stosowan<span class=\"_ _2\"></span>e w celu re<span class=\"_ _2\"></span>agowania na<span class=\"_ _2\"></span> zmiany ustale\u0144<span class=\"_ _2\"></span> kontraktowych klien<span class=\"_ _2\"></span>t\u00f3w, wyst\u0119puj<span class=\"_ _2\"></span>\u0105ce niestandard<span class=\"_ _2\"></span>owe warunki ce<span class=\"_ _2\"></span>nowe przy sp<span class=\"_ _2\"></span>rzeda\u017cy meta<span class=\"_ _2\"></span>li </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:3.984703px;\">oraz zakup<span class=\"_ _2\"></span>y materia\u0142\u00f3w<span class=\"_ _2\"></span> miedziono\u015bn<span class=\"_ _2\"></span>ych.<span class=\"_ _192\"> </span></div>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen mied<span class=\"_ _3\"></span>zi \u2013 instrumenty p<span class=\"_ _3\"></span>ochodne otwarte na 31 grudni<span class=\"_ _3\"></span>a 2022 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"_ _192\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny miedzi<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[tony] <span class=\"_ _52\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>I p\u00f3\u0142. 2023 mewa <span class=\"_ _10b\"> </span>18 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _f7\"> </span>6 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>10 000<span class=\"_ _192\"> </span>(296)<span class=\"_ _192\"> </span>6 604<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>45 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>8 120<span class=\"_ _192\"> </span>9 120<span class=\"_ _192\"> </span>(143)<span class=\"_ _192\"> </span>7 977 II p\u00f3\u0142. 2023 mewa <span class=\"_ _10b\"> </span>18 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _f7\"> </span>6 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>10 000<span class=\"_ _192\"> </span>(296)<span class=\"_ _192\"> </span>6 604<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>mewa <span class=\"_ _10b\"> </span>45 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>8 100<span class=\"_ _192\"> </span>9 600<span class=\"_ _192\"> </span>(172)<span class=\"_ _192\"> </span>7 928<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _131\"> </span><span class=\"ff1\">189 000<span class=\"_ _192\"> </span></span></span>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen srebr<span class=\"_ _3\"></span>a \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31<span class=\"_ _3\"></span> grudnia 2022 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"ff2 fc0\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny srebra<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[mln uncj<span class=\"_ _2\"></span>i]<span class=\"ff1\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>2023<span class=\"_ _192\"> </span>mewa <span class=\"_ _f5\"> </span>4,20 16,00<span class=\"_ _192\"> </span>26,00<span class=\"_ _192\"> </span>42,00 <span class=\"_ _65\"> </span> <span class=\"_ _132\"> </span>(1,19)<span class=\"_ _192\"> </span>24,81<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _192\"> </span>4,20 Poni\u017csze <span class=\"_ _53\"></span>tabele <span class=\"_ _0\"></span>prezentuj\u0105 <span class=\"_ _53\"></span>skr\u00f3cone <span class=\"_ _53\"></span>zestawienie <span class=\"_ _53\"></span>otwartych <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>nsakcji <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>instrumentach <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>siadanych <span class=\"_ _53\"></span>przez Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>mie<span class=\"_ _2\"></span>dzi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>srebra <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"></span>zawartych <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>rama<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>strategiczn<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zarz\u0105dzania ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(zabezpieczony <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>prezentowanych <span class=\"_ _57\"> </span>okresach <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>roz\u0142o\u017cony <span class=\"_ _57\"> </span>r\u00f3wnomiernie <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>podziale miesi\u0119cznym).<span class=\"_ _3\"></span> Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen mied<span class=\"_ _3\"></span>zi \u2013 instrumenty p<span class=\"_ _3\"></span>ochodne otwarte na 31 grudni<span class=\"_ _3\"></span>a 2021 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"_ _192\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny miedzi<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[tony] <span class=\"_ _f7\"> </span>[USD<span class=\"_ _2\"></span>/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>[USD/t]<span class=\"_ _192\"> </span>I p\u00f3\u0142.<span class=\"ff1 fc2\"> </span>mewa <span class=\"_ _110\"> </span>30 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>4 600<span class=\"_ _192\"> </span>6 300<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>(160)<span class=\"_ _192\"> </span>6 140<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>24 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>10 5<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>II p\u00f3\u0142. mewa <span class=\"_ _110\"> </span>30 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>4 600<span class=\"_ _192\"> </span>6 300<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>(160)<span class=\"_ _192\"> </span>6 140<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>24 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>15 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _110\"> </span>10 5<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>SUMA 2022<span class=\"_ _192\"> </span>144 000<span class=\"_ _192\"> </span>I p\u00f3\u0142. mewa <span class=\"_ _10d\"> </span>24 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>II p\u00f3\u0142. mewa <span class=\"_ _10d\"> </span>24 000<span class=\"_ _192\"> </span>5 200<span class=\"_ _192\"> </span>6 900<span class=\"_ _192\"> </span>8 300<span class=\"_ _192\"> </span>(196)<span class=\"_ _192\"> </span>6 704<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>15 000<span class=\"_ _192\"> </span>6 000<span class=\"_ _192\"> </span>9 000<span class=\"_ _192\"> </span>11 400<span class=\"_ _192\"> </span>(248)<span class=\"_ _192\"> </span>8 752<span class=\"_ _192\"> </span>mewa <span class=\"_ _10d\"> </span>10 500<span class=\"_ _192\"> </span>6 700<span class=\"_ _192\"> </span>9 286<span class=\"_ _192\"> </span>11 486<span class=\"_ _192\"> </span>(227)<span class=\"_ _192\"> </span>9 059<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _10d\"> </span><span class=\"ff1\">99 000<span class=\"_ _192\"> </span></span></span>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen srebr<span class=\"_ _3\"></span>a \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31<span class=\"_ _3\"></span> grudnia 2021 r<span class=\"_ _3\"></span>. \u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>Instrument/<span class=\"_ _192\"> </span>struktura opcyjna<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"ff2 fc0\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>ceny srebra<span class=\"ff1\"> </span>ograniczenie partycypacji<span class=\"ff1\"> </span>[mln uncj<span class=\"_ _2\"></span>i]<span class=\"ff1\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span>2022 mewa <span class=\"_ _134\"> </span>3,60 16,00<span class=\"_ _192\"> </span>26,00<span class=\"_ _192\"> </span>42,00<span class=\"_ _192\"> </span>(0,88)<span class=\"_ _192\"> </span>25,12<span class=\"_ _192\"> </span>korytarz <span class=\"_ _134\"> </span>6,60 -<span class=\"_ _192\"> </span>26,36<span class=\"_ _192\"> </span>55,00*<span class=\"_ _192\"> </span>(1,96)<span class=\"_ _192\"> </span>24,40<span class=\"_ _192\"> </span>SUMA 2022<span class=\"_ _192\"> </span>10,20 2023 mewa <span class=\"_ _134\"> </span>4,20 16,00<span class=\"_ _192\"> </span>26,00<span class=\"_ _192\"> </span>42,00 <span class=\"_ _65\"> </span> <span class=\"_ _76\"> </span>(1,19)<span class=\"_ _192\"> </span>24,81<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _192\"> </span>4,20 * W ramach restru<span class=\"_ _2\"></span>kturyzacji p<span class=\"_ _2\"></span>odnies<span class=\"_ _2\"></span>iony zosta\u0142<span class=\"_ _2\"></span> poziom wykonan<span class=\"_ _2\"></span>ia sprzedan<span class=\"_ _2\"></span>ych opcji kupn<span class=\"_ _2\"></span>a z 42 i 43 USD/uncj\u0119<span class=\"_ _2\"></span> do 55 USD/uncj\u0119<span class=\"_ _2\"></span>. W <span class=\"_ _74\"> </span>2022 <span class=\"_ _1\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>2021 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>KGH<span class=\"_ _2\"></span>M <span class=\"_ _74\"> </span>INTERNATIONAL <span class=\"_ _74\"> </span>LTD. <span class=\"_ _74\"> </span>ani <span class=\"_ _74\"> </span>\u017cadna <span class=\"_ _1\"> </span>ze  sp\u00f3\u0142ek <span class=\"_ _1\"> </span>wydobywczych <span class=\"_ _74\"> </span>nie <span class=\"_ _1\"> </span>wdro<span class=\"_ _2\"></span>\u017cy\u0142y <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ransakcji<span class=\"_ _3\"></span> terminowych na <span class=\"_ _3\"></span>rynku metali. Na dzie\u0144 <span class=\"_ _57\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _57\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>ryzyko <span class=\"_ _57\"> </span>zmian <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>metali <span class=\"_ _57\"> </span>dotyczy\u0142o <span class=\"_ _57\"> </span>tak\u017ce <span class=\"_ _57\"> </span>instrument\u00f3w <span class=\"_ _57\"> </span>poch<span class=\"_ _3\"></span>odnych <span class=\"_ _57\"> </span>wbudowanych w kontraktach z<span class=\"_ _3\"></span>akupu wsad\u00f3w obcych, <span class=\"_ _3\"></span>zawartych przez J<span class=\"_ _3\"></span>ednostk\u0119 Dominuj\u0105c\u0105.<span class=\"_ _3\"></span> Analiza wra\u017cli<span class=\"_ _3\"></span>wo\u015bci Grupy Kap<span class=\"_ _3\"></span>ita\u0142owej na ryzy<span class=\"_ _3\"></span>ko zmian cen miedzi,<span class=\"_ _3\"></span> srebra i z\u0142ot<span class=\"_ _3\"></span>a w latach 20<span class=\"_ _3\"></span>21-2022 Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansow<span class=\"_ _2\"></span>e na dzie\u0144 31.12.202<span class=\"_ _2\"></span>2 Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2022Zmiana ceny MIEDZI <span class=\"_ _2\"></span>[USD/t] <span class=\"_ _e5\"> </span> <span class=\"_ _135\"> </span>Zmiana ceny SRE<span class=\"_ _2\"></span>BRA [USD/uncj\u0119]<span class=\"_ _2\"></span> <span class=\"_ _135\"> </span> <span class=\"_ _67\"> </span>Zmiana ce<span class=\"_ _2\"></span>n Z\u0141OTA [USD/u<span class=\"_ _2\"></span>ncj\u0119]10 293 (+23%)<span class=\"_ _2\"></span> <span class=\"_ _52\"> </span>6 463 (-23%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _110\"> </span></span>31,69 (+32%)<span class=\"_ _2\"></span> <span class=\"_ _136\"> </span>17,06 (-29%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _35\"> </span></span>2 107 (+15%) <span class=\"_ _60\"> </span>1 524 (-16%) wynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowywynik finansowyPochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Cu) <span class=\"_ _76\"> </span> <span class=\"_ _134\"> </span><span class=\"ff1\">161</span>161(49)(1 026)17935------Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Ag) <span class=\"_ _dc\"> </span> <span class=\"_ _107\"> </span><span class=\"ff1\">50</span>50----2(67)(17)106--Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Au) <span class=\"_ _76\"> </span> <span class=\"_ _135\"> </span><span class=\"ff1\">(10)</span>(10)--------(22)29Wbudowane in<span class=\"_ _2\"></span>strumenty poc<span class=\"_ _2\"></span>hodne (Cu, Ag, Au) <span class=\"_ _135\"> </span><span class=\"ff1\">(43)</span>(43)(164)-161-----(24)27Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy(213)-1782-(17)-(46)56Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody-(1 026)-935-(67)-106--Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2021Zmiana ceny MIEDZI <span class=\"_ _2\"></span>[USD/t] <span class=\"_ _e5\"> </span> <span class=\"_ _135\"> </span>Zmiana ceny SREBRA [USD/<span class=\"_ _2\"></span>uncj\u0119] <span class=\"_ _135\"> </span> <span class=\"_ _67\"> </span>Zmiana cen Z\u0141OTA [U<span class=\"_ _2\"></span>SD/uncj\u0119]Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansow<span class=\"_ _2\"></span>e na dzie\u0144 31.12.202<span class=\"_ _2\"></span>1  11 614 (+19%)<span class=\"_ _2\"></span> <span class=\"_ _52\"> </span>7 495 (-23%) <span class=\"_ _70\"> </span><span class=\"fcb\"> <span class=\"_ _33\"> </span></span>30,52 (+31%) <span class=\"_ _136\"> </span>16,55 (-29%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _5f\"> </span></span>2 122 (+17%) <span class=\"_ _138\"> </span>1 523 (-16%) wynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowywynik finansowyPochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Cu) <span class=\"_ _76\"> </span> <span class=\"_ _68\"> </span><span class=\"ff1\">(1 09<span class=\"_ _3\"></span>6)</span>(1 096)(74)(1 770)1731 701------Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Ag) <span class=\"_ _dc\"> </span> <span class=\"_ _134\"> </span><span class=\"ff1\">224</span>224----9(192)(39)334Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Au) <span class=\"_ _76\"> </span> <span class=\"_ _92\"> </span><span class=\"ff1\">-</span>---------(20)20Wbudowane in<span class=\"_ _2\"></span>strumenty poc<span class=\"_ _2\"></span>hodne (Cu, Ag, Au) <span class=\"_ _2a\"> </span><span class=\"ff1\">(<span class=\"_ _2\"></span>21)</span>(21)(129)-165-(1)-1-(11)11Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy(203)-3388-(38)-(31)31Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody-(1 770)-1 701-(192)-334-- Do wyznacz<span class=\"_ _3\"></span>enia zakresu poten<span class=\"_ _3\"></span>cjalnych zmian <span class=\"_ _3\"></span>cen metali dla cel\u00f3<span class=\"_ _3\"></span>w analizy wra<span class=\"_ _3\"></span>\u017cliwo\u015bci towarowyc<span class=\"_ _3\"></span>h czynnik\u00f3w ryzyka <span class=\"_ _3\"></span>(mied\u017a, srebr<span class=\"_ _3\"></span>o, z\u0142oto) wyk<span class=\"_ _3\"></span>orzystano powracaj<span class=\"_ _3\"></span>\u0105cy do \u015bredniej m<span class=\"_ _3\"></span>odel Schwartza<span class=\"_ _3\"></span> (geometryczny p<span class=\"_ _3\"></span>roces Ornsteina<span class=\"_ _3\"></span>-Uhlenbecka).Nota 7.5.1.3 Ryzy<span class=\"_ _3\"></span>ko zmian kurs\u00f3w w<span class=\"_ _3\"></span>alutowych W  odniesieniu <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>  ryzyka <span class=\"_ _74\"> </span>zmian  kurs\u00f3w  walutowych  w <span class=\"_ _74\"> </span>Grupie  Kapita\u0142owej  KGHM  Polska <span class=\"_ _74\"> </span>Mied\u017a  S.A.  identyfikowan<span class=\"_ _3\"></span>e s\u0105 nast\u0119puj\u0105ce rodz<span class=\"_ _3\"></span>aje ekspozycji:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja transak<span class=\"_ _3\"></span>cyjna dotycz\u0105ca <span class=\"_ _3\"></span>zmienno\u015bci warto\u015bci przep<span class=\"_ _3\"></span>\u0142yw\u00f3w pieni\u0119\u017cnych w <span class=\"_ _3\"></span>walucie bazowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja <span class=\"_ _74\"> </span>dotycz\u0105ca  z<span class=\"_ _3\"></span>mienno\u015bci <span class=\"_ _74\"> </span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _74\"> </span>wybranych  poz<span class=\"_ _3\"></span>ycji  spr<span class=\"_ _3\"></span>awozdania  z<span class=\"_ _3\"></span>  sytuacji <span class=\"_ _74\"> </span>finansowej  w<span class=\"_ _3\"></span> walucie </span></span>bazowej (funkcjonaln<span class=\"_ _3\"></span>ej), \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>tytu\u0142u <span class=\"_ _62\"> </span>inw<span class=\"_ _3\"></span>estycji <span class=\"_ _64\"> </span>netto <span class=\"_ _62\"> </span>w <span class=\"_ _64\"> </span>jednostkach <span class=\"_ _64\"> </span>zagranicznych <span class=\"_ _64\"> </span>dotycz\u0105ca <span class=\"_ _64\"> </span>zmienn<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _62\"> </span>wart<span class=\"_ _3\"></span>o\u015bci </span></span>skonsolidowaneg<span class=\"_ _3\"></span>o kapita\u0142u w\u0142asnego w wa<span class=\"_ _3\"></span>lucie bazowej (waluci<span class=\"_ _3\"></span>e prezentacji) Grupy Kapi<span class=\"_ _3\"></span>ta\u0142owej. \u0179r\u00f3d\u0142em <span class=\"_ _2\"></span>ekspozycji transakcyjnej <span class=\"_ _2\"></span>na ryzyko<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>walutowe <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>kontrakty skutkuj\u0105ce <span class=\"_ _2\"></span>przep\u0142ywami pieni\u0119\u017cnymi, <span class=\"_ _2\"></span>kt\u00f3rych <span class=\"_ _2\"></span>warto\u015b\u0107<span class=\"_ _3\"></span> w  wa<span class=\"_ _3\"></span>lucie  bazowej <span class=\"_ _74\"> </span>(funkcjonalnej) <span class=\"_ _74\"> </span>jest  uzale\u017cniona <span class=\"_ _74\"> </span>od  prz<span class=\"_ _3\"></span>ysz\u0142ych  pozi<span class=\"_ _3\"></span>om\u00f3w  kurs\u00f3w <span class=\"_ _74\"> </span>walut  o<span class=\"_ _3\"></span>bcych  wzgl\u0119d<span class=\"_ _3\"></span>em  walut<span class=\"_ _3\"></span>y bazowej. Przep\u0142ywy pi<span class=\"_ _3\"></span>eni\u0119\u017cne nar<span class=\"_ _3\"></span>a\u017cone na ryzyko walut<span class=\"_ _3\"></span>owe mog\u0105 posiada\u0107 nast<span class=\"_ _3\"></span>\u0119puj\u0105ce charakte<span class=\"_ _3\"></span>rystyki: \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">denominowan<span class=\"_ _3\"></span>ie <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>walutach <span class=\"_ _59\"> </span>obcych <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _5a\"> </span>przep\u0142yw<span class=\"_ _3\"></span>y <span class=\"_ _5a\"> </span>realizowane <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>walutach <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>bcych <span class=\"_ _59\"> </span>innych <span class=\"_ _5a\"> </span>ni\u017c <span class=\"_ _59\"> </span>waluta </span></span>funkcjonalna, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">indeksowani<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>kursu <span class=\"_ _59\"> </span>walu<span class=\"_ _3\"></span>t <span class=\"_ _59\"> </span>obcych <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _59\"> </span>przep\u0142ywy <span class=\"_ _59\"> </span>mog\u0105 <span class=\"_ _59\"> </span>by\u0107<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>realizowane <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>walucie <span class=\"_ _59\"> </span>bazowej, <span class=\"_ _59\"> </span>lecz<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>cena </span></span>(np. metalu) jest ustalana<span class=\"_ _3\"></span> w innej <span class=\"_ _3\"></span>walucie obcej. Kluczowym <span class=\"_ _53\"></span>\u017ar\u00f3d\u0142em <span class=\"_ _53\"></span>ekspozycji <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>ryzyko <span class=\"_ _53\"></span>walutowe <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>dzia\u0142alno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _0\"></span>biznesow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>Jednostki <span class=\"_ _2\"></span>D<span class=\"_ _2\"></span>ominu<span class=\"_ _3\"></span>j\u0105cej <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _53\"></span>wp\u0142ywy <span class=\"_ _53\"></span>z tytu\u0142u sprzeda\u017cy produk<span class=\"_ _3\"></span>t\u00f3w (w cz\u0119\u015bci d<span class=\"_ _3\"></span>otycz\u0105cej cen metali, premii <span class=\"_ _3\"></span>przerobowej i produ<span class=\"_ _3\"></span>cenckiej). \u0179r\u00f3d\u0142em  e<span class=\"_ _2\"></span>kspozycji  na <span class=\"_ _57\"> </span>ryzyko <span class=\"_ _57\"> </span>walutowe  s\u0105 <span class=\"_ _57\"> </span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c  pozycje <span class=\"_ _57\"> </span>skonsolidowanego  sprawozdania  z <span class=\"_ _57\"> </span>syt<span class=\"_ _2\"></span>uacji  f<span class=\"_ _2\"></span>inansowe<span class=\"_ _3\"></span>j w walutach <span class=\"_ _0\"></span>obcych, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>gruncie <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>bowi\u0105zuj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>zasad <span class=\"_ _0\"> </span>rachunkowo\u015bci, <span class=\"_ _1\"> </span>podl<span class=\"_ _3\"></span>egaj\u0105 <span class=\"_ _1\"> </span>przeliczeniu <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>bazie <span class=\"_ _1\"> </span>bie\u017c\u0105ceg<span class=\"_ _3\"></span>o kursu waluty obcej wzgl\u0119dem waluty bazowej (funkcjonaln<span class=\"_ _3\"></span>ej) w <span class=\"_ _2\"></span>zwi\u0105zku<span class=\"_ _3\"></span> z rozliczeniem lub o<span class=\"_ _2\"></span>kreso<span class=\"_ _3\"></span>w\u0105 wycen\u0105, w t<span class=\"_ _2\"></span>ym tak\u017ce z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>przelicz<span class=\"_ _3\"></span>enia <span class=\"_ _5a\"> </span>sprawozd<span class=\"_ _3\"></span>a\u0144 <span class=\"_ _5a\"> </span>jednostek <span class=\"_ _5a\"> </span>zagraniczn<span class=\"_ _3\"></span>ych. <span class=\"_ _5a\"> </span>Zmiany <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>bilansowych <span class=\"_ _59\"> </span>takich <span class=\"_ _5a\"> </span>pozycji <span class=\"_ _59\"> </span>pomi\u0119dzy momentami wyceny wp<span class=\"_ _3\"></span>\u0142ywaj\u0105 na z<span class=\"_ _3\"></span>mienno\u015b\u0107 zysku/straty netto l<span class=\"_ _3\"></span>ub pozosta\u0142ych ca\u0142kow<span class=\"_ _3\"></span>itych dochod\u00f3w.<span class=\"_ _3\"></span> Ekspozycja na <span class=\"_ _3\"></span>ryzyko walutowe pozycj<span class=\"_ _3\"></span>i skonsolidowane<span class=\"_ _3\"></span>go sprawozdania z sytuacj<span class=\"_ _3\"></span>i finansowej dot<span class=\"_ _3\"></span>yczy w szczeg\u00f3lno\u015bci:<span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci i zobowi\u0105za<span class=\"_ _3\"></span>\u0144 handlowych z<span class=\"_ _3\"></span> tytu\u0142u sprzeda\u017cy i <span class=\"_ _3\"></span>zakup\u00f3w denominowan<span class=\"_ _3\"></span>ych w walutach obc<span class=\"_ _3\"></span>ych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci finansow<span class=\"_ _3\"></span>ych z tytu\u0142u po\u017cycz<span class=\"_ _3\"></span>ek udzielonych w walutac<span class=\"_ _3\"></span>h obcych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zobowi\u0105za\u0144 finans<span class=\"_ _3\"></span>owych z tytu\u0142u <span class=\"_ _3\"></span>zad\u0142u\u017cenia w walutach <span class=\"_ _3\"></span>obcych, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _3\"></span>w walutach obcych,<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">instrument\u00f3w pochod<span class=\"_ _3\"></span>nych na rynku <span class=\"_ _3\"></span>metali. </span></span>W <span class=\"_ _57\"> </span>przypadku <span class=\"_ _57\"> </span>rynku <span class=\"_ _57\"> </span>waluto<span class=\"_ _2\"></span>wego, <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _59\"> </span>rozliczonych <span class=\"_ _57\"> </span>transakcji <span class=\"_ _57\"> </span>zabezpieczaj\u0105cych <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>ze sprzeda\u017cy <span class=\"_ _57\"> </span>metali stanowi\u0142 oko\u0142o 20% (w 2021 r. 28<span class=\"_ _2\"></span>%) ca\u0142kowitych przychod\u00f3w ze sprzeda\u017cy miedzi i srebra zrealizowanych przez Je<span class=\"_ _2\"></span>dnostk\u0119 Dominuj\u0105c\u0105 w 2<span class=\"_ _3\"></span>022 r.  W ramach realizacji strategiczne<span class=\"_ _3\"></span>go planu zabezpiecze\u0144 przed r<span class=\"_ _3\"></span>yzykiem rynkowym w 202<span class=\"_ _3\"></span>2 r. Jednostka Dominuj\u0105ca naby\u0142a<span class=\"_ _3\"></span> opcje sprzeda\u017cy <span class=\"_ _2\"></span>na rynku <span class=\"_ _2\"></span>walutowym dla <span class=\"_ _2\"></span>205 mln USD planowanych przychod\u00f3w <span class=\"_ _2\"></span>ze sprzeda\u017cy <span class=\"_ _2\"></span>z terminami zapadalno\u015bci od kwietnia <span class=\"_ _53\"></span>2022 r. <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>grudnia <span class=\"_ _2\"></span>2022 r., <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>tak\u017ce <span class=\"_ _0\"></span>struktury <span class=\"_ _53\"></span>opcyjne <span class=\"_ _2\"></span><span class=\"ff3\">k<span class=\"_ _2\"></span>orytarz</span> <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>walutowym <span class=\"_ _53\"></span>\u0142\u0105cznie <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>400 mln USD planowanych <span class=\"_ _1\"> </span>przychod\u00f3w <span class=\"_ _1\"> </span>ze <span class=\"_ _74\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _1\"> </span>sierpnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>oraz <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>ruktury <span class=\"_ _1\"> </span><span class=\"ff3\">korytarz</span> <span class=\"_ _74\"> </span>dla 2 640 m<span class=\"_ _3\"></span>ln USD na okres od stycznia <span class=\"_ _3\"></span>2023 r. do grudnia <span class=\"_ _3\"></span>2024 r. Ponadto <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach <span class=\"_ _59\"> </span>bie\u017c\u0105cego <span class=\"_ _59\"> </span>zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _59\"> </span>ryzykiem <span class=\"_ _59\"> </span>walutowym <span class=\"_ _59\"> </span>zawieran<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>kr\u00f3tkoterminowe <span class=\"_ _59\"> </span>transakcje <span class=\"_ _59\"> </span>sprzeda\u017c<span class=\"_ _3\"></span>y terminowej <span class=\"_ _0\"></span>(<span class=\"ff3\">forward</span>), <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _0\"> </span>celem <span class=\"_ _1\"> </span>by\u0142o <span class=\"_ _1\"> </span>zabezpieczenie <span class=\"_ _0\"></span>przed <span class=\"_ _0\"> </span>ryzykie<span class=\"_ _2\"></span>m <span class=\"_ _0\"> </span>zwi\u0105zanym <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>wahaniami <span class=\"_ _0\"></span>kursu <span class=\"_ _1\"> </span>USD/PLN, <span class=\"_ _0\"> </span>dla zaplanowanych k<span class=\"_ _3\"></span>r\u00f3tkoterminowych pr<span class=\"_ _3\"></span>zep\u0142yw\u00f3w finansowych. Tr<span class=\"_ _3\"></span>ansakcje <span class=\"ff3\">forwar<span class=\"_ _3\"></span>d<span class=\"ff2\"> zosta\u0142y rozliczo<span class=\"_ _3\"></span>ne w III kwartale 2022<span class=\"_ _3\"></span> r. </span></span>W  efekcie  na  dzie\u0144  31  grudnia  2022  r.  Jednostka  Dominuj\u0105ca<span class=\"_ _3\"></span>  posiada\u0142a  otwart\u0105  pozycj\u0119  zabezpie<span class=\"_ _3\"></span>czaj\u0105c\u0105  na  rynku walutowym <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>no<span class=\"_ _2\"></span>mina\u0142u <span class=\"_ _74\"> </span>2 955 <span class=\"_ _74\"> </span>mln  USD <span class=\"_ _74\"> </span>(1 050 <span class=\"_ _74\"> </span>mln  USD <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>dzie\u0144  31<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _74\"> </span>2021 <span class=\"_ _74\"> </span>r.)  oraz <span class=\"_ _74\"> </span>transakcje  CIR<span class=\"_ _3\"></span>S  <span class=\"_ _74\"> </span>(<span class=\"_ _2\"></span><span class=\"ff3\">Cross </span>Currency Interest Rate Sw<span class=\"_ _3\"></span>ap<span class=\"ff2\"> - swap walutowo<span class=\"_ _3\"></span>-procentowy) dla nomina<span class=\"_ _3\"></span>\u0142u 2 mld PLN, zar\u00f3wno zabe<span class=\"_ _3\"></span>zpieczaj\u0105ce przychody <span class=\"_ _3\"></span>ze </span>sprzeda\u017cy w waluci<span class=\"_ _3\"></span>e, jak i zmienne opr<span class=\"_ _3\"></span>ocentowanie wyemit<span class=\"_ _3\"></span>owanych obligacji.<span class=\"_ _3\"></span> Poni\u017csza <span class=\"_ _5e\"> </span>tabela <span class=\"_ _67\"> </span>prezen<span class=\"_ _3\"></span>tuje <span class=\"_ _5e\"> </span>skr\u00f3cone <span class=\"_ _67\"> </span>zestawienie <span class=\"_ _5e\"> </span>otwartyc<span class=\"_ _3\"></span>h <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _5e\"> </span>w <span class=\"_ _5e\"> </span>inst<span class=\"_ _2\"></span>rumentach <span class=\"_ _5e\"> </span>pochodnych <span class=\"_ _5e\"> </span>jednostki Dominuj\u0105cej  n<span class=\"_ _3\"></span>a rynku <span class=\"_ _74\"> </span>waluto<span class=\"_ _2\"></span>wym <span class=\"_ _74\"> </span>na  31 <span class=\"_ _58\"> </span>grudnia  202<span class=\"_ _3\"></span>2  r. <span class=\"_ _74\"> </span>(zab<span class=\"_ _2\"></span>ezpieczony <span class=\"_ _74\"> </span>wolumen  w <span class=\"_ _74\"> </span>prezentowanych  okresach <span class=\"_ _74\"> </span>jest roz\u0142o\u017cony r\u00f3wnomi<span class=\"_ _3\"></span>ernie w podzia<span class=\"_ _3\"></span>le miesi\u0119cznym).<span class=\"_ _192\"> </span>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian kursu <span class=\"_ _3\"></span>walutowego USD/ PLN \u2013 i<span class=\"_ _3\"></span>nstrumenty pochodn<span class=\"_ _3\"></span>e otwarte na 31 <span class=\"_ _3\"></span>grudnia 2022 r. Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian kursu <span class=\"_ _3\"></span>walutowego USD/PLN <span class=\"_ _3\"></span>\u2013 instrumenty pochodn<span class=\"_ _3\"></span>e otwarte na 31 grud<span class=\"_ _3\"></span>nia 2021 r. Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka walutowo-proc<span class=\"_ _3\"></span>entowego zwi\u0105zan<span class=\"_ _3\"></span>ego z emisj\u0105 <span class=\"_ _3\"></span>obligacji o zmiennym <span class=\"_ _3\"></span>oprocentowaniu w <span class=\"_ _3\"></span>PLN \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31 grud<span class=\"_ _3\"></span>nia 2022 r. oraz n<span class=\"_ _3\"></span>a 31 grudni<span class=\"_ _3\"></span>a 2021 r.<span class=\"fc0\"> </span>Instrument<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"_ _192\"> </span>\u015arednia stopa procentowa<span class=\"_ _192\"> </span>\u015aredni kurs wymiany<span class=\"_ _192\"> </span>[mln PLN]<span class=\"_ _192\"> </span>[<span class=\"_ _192\"> </span>sta\u0142a stopa % dl<span class=\"_ _2\"></span>a USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>VI  2024 CIRS<span class=\"_ _192\"> </span>400<span class=\"_ _192\"> </span>3,23%<span class=\"_ _192\"> </span>3,78<span class=\"_ _192\"> </span>VI 2029<span class=\"_ _192\"> </span>CIRS<span class=\"_ _192\"> </span>1 600<span class=\"_ _192\"> </span>3,94%<span class=\"_ _192\"> </span>3,81<span class=\"_ _192\"> </span>SUMA 2 000<span class=\"_ _192\"> </span>Niekt\u00f3re <span class=\"_ _0\"></span>polskie <span class=\"_ _1\"> </span>sp\u00f3\u0142ki <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _1\"> </span>zarz\u0105<span class=\"_ _3\"></span>dza\u0142y <span class=\"_ _1\"> </span>ryzykiem <span class=\"_ _0\"></span>walutowym, <span class=\"_ _0\"></span>zwi\u0105zanym <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>ich podstawow\u0105 <span class=\"_ _0\"></span>dzia\u0142alno\u015bci\u0105<span class=\"_ _3\"></span> (m.in. <span class=\"_ _1\"> </span>handlow\u0105), <span class=\"_ _0\"></span>poprzez <span class=\"_ _1\"> </span>zawieranie <span class=\"_ _0\"></span>transakcji <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>instrumenta<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>pochodnych <span class=\"_ _0\"> </span>m.in. <span class=\"_ _1\"> </span>na rynku <span class=\"_ _1\"> </span>USD/PLN <span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _0\"></span>EUR/PLN. Zestawienie otwartych transakcj<span class=\"_ _3\"></span>i na 31 grudnia 2022 r. oraz 31 grudnia 2021 r. nie je<span class=\"_ _2\"></span>st prezentow<span class=\"_ _3\"></span>ane ze wzgl\u0119du na ma\u0142\u0105 istotno\u015b\u0107 dla Grup<span class=\"_ _3\"></span>y Kapita\u0142owej. W <span class=\"_ _53\"></span>ramach <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span>arz\u0105dzania <span class=\"_ _53\"></span>ryzykiem <span class=\"_ _0\"></span>walutowym <span class=\"_ _53\"></span>Jednostka <span class=\"_ _53\"></span>Do<span class=\"_ _2\"></span>minuj<span class=\"_ _3\"></span>\u0105ca <span class=\"_ _53\"></span>sto<span class=\"_ _2\"></span>suje <span class=\"_ _53\"></span>hedging <span class=\"_ _0\"></span>naturalny <span class=\"_ _53\"></span>polegaj\u0105cy <span class=\"_ _53\"></span>na zaci\u0105ganiu kredyt\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>walutach, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>si\u0105ga <span class=\"_ _0\"></span>przychody. <span class=\"_ _53\"></span>Warto\u015b\u0107 <span class=\"_ _0\"></span>kredyt\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>po\u017cyczek <span class=\"_ _53\"></span>inwestycyjnych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. zaci\u0105gni\u0119tych w <span class=\"_ _3\"></span>walucie USD, po prz<span class=\"_ _3\"></span>eliczeniu na PLN wynios<span class=\"_ _3\"></span>\u0142a 3 435 mln <span class=\"_ _3\"></span>PLN (na 31 grudnia 20<span class=\"_ _3\"></span>21 r. 2 980 m<span class=\"_ _3\"></span>ln PLN).  Nomina\u0142<span class=\"_ _192\"> </span>\u015aredniowa\u017con<span class=\"_ _2\"></span>y kurs wyko<span class=\"_ _2\"></span>nania opcji<span class=\"_ _2\"></span> \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>Instrument/ struktura opcyjna<span class=\"_ _2\"></span> sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>ogranicze<span class=\"_ _2\"></span>nie zabezp<span class=\"_ _2\"></span>ieczenia<span class=\"_ _192\"> </span>zabezp<span class=\"_ _2\"></span>ieczenie<span class=\"_ _192\"> </span>kursu walu<span class=\"_ _2\"></span>towego ogranicze<span class=\"_ _2\"></span>nie partycypa<span class=\"_ _2\"></span>cji<span class=\"_ _192\"> </span>[mln USD]<span class=\"ff1\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[PLN za 1 USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>2023 mewa <span class=\"_ _68\"> </span>135,00 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>mewa <span class=\"_ _68\"> </span>180,00 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,03<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>5,48<span class=\"_ _192\"> </span>(0,03)<span class=\"_ _192\"> </span>4,45<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,69<span class=\"_ _192\"> </span>6,09<span class=\"_ _192\"> </span>(0,05)<span class=\"_ _192\"> </span>4,64 <span class=\"_ _139\"> </span><span class=\"ff1 fc2\">SUMA 2023<span class=\"_ _2\"></span></span> <span class=\"_ _13a\"> </span><span class=\"ff1\">1 635,00 </span>2024<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>5,48<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,69<span class=\"_ _192\"> </span>6,09<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>4,68<span class=\"_ _192\"> </span>SUMA 2024<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _13a\"> </span><span class=\"ff1\">1 320,00 </span></span>Nomina\u0142<span class=\"_ _192\"> </span>Kurs wykonania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny poziom zabezpieczenia<span class=\"_ _192\"> </span>Instrument/ struktura opcyjna<span class=\"_ _2\"></span> sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>kursu walutowego ograniczenie partycypacji<span class=\"ff1\"> </span>[mln USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[PLN za 1 USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>I p\u00f3\u0142. mewa<span class=\"_ _192\"> </span>67,5 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>3,99<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>90 3,50<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,04<span class=\"_ _192\"> </span>3,94<span class=\"_ _192\"> </span>zakup opcji sp<span class=\"_ _2\"></span>rzeda\u017cy<span class=\"_ _192\"> </span>180 -<span class=\"_ _192\"> </span>3,75<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(0,04)<span class=\"_ _192\"> </span>3,71<span class=\"_ _192\"> </span>II p\u00f3\u0142. mewa<span class=\"_ _192\"> </span>67,5 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>3,99<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>90 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,03<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>korytarz<span class=\"_ _192\"> </span>240 -<span class=\"_ _192\"> </span>3,85<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,04)<span class=\"_ _192\"> </span>3,81 <span class=\"_ _13b\"> </span><span class=\"ff1 fc2\">SUMA 2022<span class=\"_ _2\"></span></span> <span class=\"_ _115\"> </span><span class=\"ff1\">735 </span>2023<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>135 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>180 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>(0,03)<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _13c\"> </span><span class=\"ff1\">315<span class=\"_ _192\"> </span></span></span>Poni\u017csze  tabel<span class=\"_ _3\"></span>e  prezentuj\u0105  stru<span class=\"_ _3\"></span>ktur\u0119  walutow\u0105  instrum<span class=\"_ _3\"></span>ent\u00f3w  finans<span class=\"_ _3\"></span>owych  nara\u017conych <span class=\"_ _74\"> </span>na  ryzyko  walutowe  (zm<span class=\"_ _3\"></span>iany kurs\u00f3w USD/PLN , EUR/PLN, CAD/PLN oraz GBP/PLN) Grupy Kapita\u0142ow<span class=\"_ _3\"></span>ej KGHM Polska Mied\u017a S.A. oraz analiz\u0119 wra\u017cliwo\u015bci na ryzyko <span class=\"_ _2\"></span>zmian kurs\u00f3w walutowych. <span class=\"_ _2\"></span>Do wyznaczenia zakresu potencjalnych zmian kurs\u00f3w <span class=\"_ _2\"></span>USD/P<span class=\"_ _3\"></span>LN, <span class=\"_ _2\"></span>EUR/PLN, CAD/PLN oraz GBP/PLN dla <span class=\"_ _3\"></span>cel\u00f3w analizy wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci wykorzystan<span class=\"_ _3\"></span>o model Blacka-Scholesa <span class=\"_ _3\"></span>(geometryczny <span class=\"_ _3\"></span>ruch Browna). Instrumenty fin<span class=\"_ _3\"></span>ansowe<span class=\"_ _192\"> </span>Warto\u015b\u0107 nara\u017c<span class=\"_ _3\"></span>ona na ryzyko na 31.12.2<span class=\"_ _3\"></span>022<span class=\"_ _192\"> </span>razem mln PLN<span class=\"_ _3\"></span> <span class=\"_ _69\"> </span><span class=\"ff2\">mln USD </span>mln EUR <span class=\"_ _62\"> </span>mln CAD Udzia\u0142y i akcje 4 <span class=\"_ _f7\"> </span><span class=\"ff2\">- <span class=\"_ _10b\"> </span>- <span class=\"_ _107\"> </span>1 <span class=\"_ _13d\"> </span> </span>Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w  776 <span class=\"_ _10d\"> </span><span class=\"ff2\">140<span class=\"_ _3\"></span> <span class=\"_ _e4\"> </span>30<span class=\"_ _3\"></span> <span class=\"_ _107\"> </span>5 <span class=\"_ _13d\"> </span> </span>\u015arodki pieni\u0119\u017cne i ekwi<span class=\"_ _3\"></span>walenty  868 <span class=\"_ _10d\"> </span><span class=\"ff2\">163<span class=\"_ _3\"></span> <span class=\"_ _e4\"> </span>20<span class=\"_ _3\"></span> <span class=\"_ _134\"> </span>17 <span class=\"_ _1e\"> </span> </span>D\u0142ugoterminowe po\u017c<span class=\"_ _3\"></span>yczki udzielone na rz<span class=\"_ _3\"></span>ecz wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 9 603 <span class=\"_ _13e\"> </span><span class=\"ff2\">2 182 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span>Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe  234 <span class=\"_ _134\"> </span><span class=\"ff2\">44 <span class=\"_ _10b\"> </span>- <span class=\"_ _134\"> </span>12 <span class=\"_ _1e\"> </span> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe*<span class=\"_ _3\"></span> 357 <span class=\"_ _134\"> </span><span class=\"ff2\">36 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span>Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w <span class=\"_ _3\"></span>i podobne (1 063) <span class=\"_ _13f\"> </span><span class=\"ff2\">(153) <span class=\"_ _115\"> </span>(75) <span class=\"_ _33\"> </span>(11) <span class=\"_ _1e\"> </span> </span>Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia<span class=\"_ _3\"></span> (3 578) <span class=\"_ _13f\"> </span><span class=\"ff2\">(793) <span class=\"_ _115\"> </span>(10) <span class=\"_ _33\"> </span>(13) <span class=\"_ _1e\"> </span> </span>Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe (49) <span class=\"_ _140\"> </span><span class=\"ff2\">(9) <span class=\"_ _f9\"> </span>(2) <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span>* W <span class=\"_ _0\"></span>pozycji <span class=\"_ _0\"> </span>poch<span class=\"_ _2\"></span>odne<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>instrumenty<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>finansowe <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>kolu<span class=\"_ _2\"></span>mnie <span class=\"_ _0\"> </span>\u201emln<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>USD\u201d <span class=\"_ _0\"></span>zaprezent<span class=\"_ _2\"></span>owane <span class=\"_ _0\"> </span>s\u0105 <span class=\"_ _0\"> </span>tra<span class=\"_ _2\"></span>nsakcje <span class=\"_ _0\"> </span>na <span class=\"_ _0\"> </span>ryn<span class=\"_ _2\"></span>ku <span class=\"_ _0\"></span>metali, <span class=\"_ _0\"> </span>kt\u00f3re<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>s\u0105 wycenian<span class=\"_ _2\"></span>e w USD <span class=\"_ _2\"></span>i p<span class=\"_ _192\"> </span>rzeliczane n<span class=\"_ _2\"></span>a PLN po <span class=\"_ _2\"></span>kursie z <span class=\"_ _2\"></span>dnia ko<span class=\"_ _2\"></span>\u0144cz\u0105cego okre<span class=\"_ _2\"></span>s sprawozd<span class=\"_ _2\"></span>awczy, na<span class=\"_ _2\"></span>tomiast kol<span class=\"_ _2\"></span>umna \u201eraze<span class=\"_ _2\"></span>m mln <span class=\"_ _2\"></span>PLN\u201d uwzgl\u0119d<span class=\"_ _2\"></span>nia r\u00f3wnie\u017c wa<span class=\"_ _2\"></span>rto\u015b\u0107 godziw\u0105 instru<span class=\"_ _2\"></span>ment\u00f3w p<span class=\"_ _2\"></span>ochodnych w<span class=\"_ _2\"></span>ycenianych wy\u0142\u0105<span class=\"_ _2\"></span>cznie w PLN.<span class=\"ff2\"> </span>Instrumenty fin<span class=\"_ _3\"></span>ansowe<span class=\"_ _192\"> </span>Warto\u015b\u0107 nara\u017c<span class=\"_ _3\"></span>ona na ryzyko na 31.12.2021<span class=\"_ _192\"> </span>razem mln PLN<span class=\"_ _3\"></span> <span class=\"_ _69\"> </span><span class=\"ff2\">mln USD </span>mln EUR <span class=\"_ _62\"> </span>mln CAD <span class=\"_ _62\"> </span>mln GBP Udzia\u0142y i akcje 5<span class=\"_ _192\"> </span>- <span class=\"_ _10b\"> </span>- <span class=\"_ _107\"> </span>2 <span class=\"_ _f7\"> </span>- Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w  515<span class=\"_ _192\"> </span>80 <span class=\"_ _f9\"> </span>30 <span class=\"_ _141\"> </span>4 <span class=\"_ _107\"> </span>8 \u015arodki pieni\u0119\u017cne i ekwi<span class=\"_ _3\"></span>walenty  1 558<span class=\"_ _192\"> </span>341 <span class=\"_ _f9\"> </span>20 <span class=\"_ _134\"> </span>23 <span class=\"_ _107\"> </span>2 D\u0142ugoterminowe po\u017c<span class=\"_ _3\"></span>yczki udzielone na rz<span class=\"_ _3\"></span>ecz wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 7 867<span class=\"_ _192\"> </span>1 938 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- Kr\u00f3tkoterminowe p<span class=\"_ _3\"></span>o\u017cyczki udzielon<span class=\"_ _3\"></span>e na rzecz wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 447 110 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe  150<span class=\"_ _192\"> </span>26 <span class=\"_ _10b\"> </span>- <span class=\"_ _134\"> </span>12 <span class=\"_ _f7\"> </span>- Pochodne instrume<span class=\"_ _3\"></span>nty finansowe*<span class=\"_ _3\"></span> (1 174)<span class=\"_ _192\"> </span>220 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w <span class=\"_ _3\"></span>i podobne (1 132)<span class=\"_ _192\"> </span>(167) <span class=\"_ _115\"> </span>(87) <span class=\"_ _33\"> </span>(16) <span class=\"_ _f7\"> </span>- Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia<span class=\"_ _3\"></span> (3 121)<span class=\"_ _192\"> </span>(736) <span class=\"_ _115\"> </span>(18) <span class=\"_ _33\"> </span>(15) <span class=\"_ _f7\"> </span>- Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe (177)<span class=\"_ _192\"> </span>(41) <span class=\"_ _f9\"> </span>(3) <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- * W <span class=\"_ _0\"> </span>pozycji<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>poch<span class=\"_ _2\"></span>odne <span class=\"_ _0\"> </span>instrume<span class=\"_ _2\"></span>nty <span class=\"_ _0\"> </span>finansowe<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>ko<span class=\"_ _2\"></span>lumnie <span class=\"_ _0\"> </span>\u201emln <span class=\"_ _1\"> </span>USD\u201d <span class=\"_ _0\"></span>zaprezentow<span class=\"_ _2\"></span>ane <span class=\"_ _0\"> </span>s\u0105 <span class=\"_ _0\"> </span>tr<span class=\"_ _2\"></span>ansakcje <span class=\"_ _0\"> </span>n<span class=\"_ _2\"></span>a <span class=\"_ _0\"> </span>rynku <span class=\"_ _0\"> </span>m<span class=\"_ _2\"></span>etali, <span class=\"_ _0\"></span>kt\u00f3re <span class=\"_ _0\"> </span>s\u0105<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>wyceni<span class=\"_ _2\"></span>ane w USD <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>prz<span class=\"_ _2\"></span>eliczane<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>po <span class=\"_ _2\"></span>kursi<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>dnia <span class=\"_ _53\"></span>ko\u0144cz\u0105cego<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>okre<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>sp<span class=\"_ _2\"></span>rawozdawczy, <span class=\"_ _53\"></span>natomi<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>lumna <span class=\"_ _53\"></span>\u201erazem <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N\u201d <span class=\"_ _2\"></span>uwzgl\u0119<span class=\"_ _2\"></span>dnia <span class=\"_ _53\"></span>r\u00f3wnie\u017c warto\u015b\u0107 god<span class=\"_ _2\"></span>ziw\u0105 ins<span class=\"_ _2\"></span>trument\u00f3w po<span class=\"_ _2\"></span>chodnych wyceni<span class=\"_ _2\"></span>anych wy\u0142\u0105czn<span class=\"_ _2\"></span>ie w PLN.<span class=\"ff2\"> </span>Analiza wra\u017cli<span class=\"_ _3\"></span>wo\u015bci Grupy Kap<span class=\"_ _3\"></span>ita\u0142owej na ryzy<span class=\"_ _3\"></span>ko zmian kurs<span class=\"_ _3\"></span>\u00f3w walutowych w<span class=\"_ _3\"></span> 2022 r. i <span class=\"_ _3\"></span>2021 r.<span class=\"ff2 fc0\"> </span>Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2022Zmiana kursu USD<span class=\"_ _2\"></span>/PLN Zmiana kursu EU<span class=\"_ _2\"></span>R/PLN Zmiana kursu CAD/<span class=\"_ _2\"></span>PLN  <span class=\"_ _7\"> </span>5,03 (+14%) <span class=\"_ _e5\"> </span>3,91 (-11%) <span class=\"_ _120\"> </span> <span class=\"_ _65\"> </span>5,18 (+10%)4,48 (-5%) <span class=\"_ _56\"> </span>3,<span class=\"_ _2\"></span>68 (+13%) <span class=\"_ _6b\"> </span>2,88 (-11%) <span class=\"_ _6c\"> </span> Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansowe na dzie<span class=\"_ _2\"></span>\u0144 31.12.2022<span class=\"_ _2\"></span> wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e<span class=\"_ _192\"> </span>ca\u0142kowite dochody<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> wynik finansowy<span class=\"ff1\"> </span>wynik finansowy wynik finansowy<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> <span class=\"_ _c7\"> </span> <span class=\"_ _e8\"> </span> Udzia\u0142y i akcje<span class=\"_ _2\"></span> 4 <span class=\"_ _142\"> </span>521 --------Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w  776 <span class=\"_ _de\"> </span>1 17<span class=\"_ _3\"></span>8 88-(68)-15(6)2(2)\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty 868 <span class=\"_ _de\"> </span>1 20<span class=\"_ _3\"></span>0 102-(79)-10(4)7(6)D\u0142ugoterminowe<span class=\"_ _2\"></span> po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 9 603 <span class=\"_ _dc\"> </span>9 603<span class=\"_ _2\"></span> 1 372-(1 065)-----Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe  234 <span class=\"_ _142\"> </span>890 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">28</span>-(21)---5(4)Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe 357 <span class=\"_ _142\"> </span>357 (3)(1 197)(6)1 193(2)1--Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w <span class=\"_ _2\"></span> i podobne (1 063) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>3 280) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(96)</span>-75-(37)16(5)4Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> zad\u0142u\u017cenia<span class=\"_ _2\"></span> (3 578) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>6 443) <span class=\"_ _62\"> </span> <span class=\"_ _130\"> </span><span class=\"ff2\">(499)</span>-387-(5)2(5)5Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> (49) <span class=\"_ _e5\"> </span>(211) <span class=\"_ _62\"> </span> <span class=\"_ _143\"> </span><span class=\"ff2\">(6)</span>-4-(1)---Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy 986-(773)-(20)94(3)Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody (1 197)1 193----Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2021Zmiana kursu USD<span class=\"_ _2\"></span>/PLN Zmiana kursu EU<span class=\"_ _2\"></span>R/PLN Zmiana kursu CAD/<span class=\"_ _2\"></span>PLN  <span class=\"_ _5b\"> </span>Zmiana kursu <span class=\"_ _2\"></span>GBP/PLN<span class=\"_ _2\"></span>  <span class=\"_ _7\"> </span>4,57 (+13%) <span class=\"_ _e5\"> </span>3,66 (-10%) <span class=\"_ _120\"> </span> <span class=\"_ _144\"> </span>5,01 (+9%)4,37 (-5%) <span class=\"_ _56\"> </span>3,<span class=\"_ _2\"></span>55 (+11%) <span class=\"_ _6d\"> </span>2,90 (-9%) <span class=\"_ _35\"> </span> <span class=\"_ _60\"> </span>6,15 (+12%)4,98 (-9%)Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansowe na dzie<span class=\"_ _2\"></span>\u0144 31.12.2021<span class=\"_ _2\"></span> wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> </span>pozosta\u0142e<span class=\"_ _192\"> </span>ca\u0142kowite dochody<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> wynik finansowy<span class=\"ff1\"> </span>wynik finansowy wynik finansowy<span class=\"ff1\"> </span>wynik finansowy<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> wynik finansowy wynik finansowy Udzia\u0142y i akcje<span class=\"_ _2\"></span> 5 <span class=\"_ _142\"> </span>615 ------1---Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w  515 <span class=\"_ _de\"> </span>1 02<span class=\"_ _3\"></span>6 41-(32)-12(7)1(1)5(4)\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty 1 558 <span class=\"_ _dc\"> </span>1 904<span class=\"_ _2\"></span> 175-(138)-8(4)8(7)1(1)D\u0142ugoterminowe<span class=\"_ _2\"></span> po\u017cyczki udzie<span class=\"_ _2\"></span>lone na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 7 867 <span class=\"_ _136\"> </span>7 867997-(782)-------Kr\u00f3tkotermi<span class=\"_ _2\"></span>nowe po\u017cyczki udzielon<span class=\"_ _2\"></span>e na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 447 <span class=\"_ _142\"> </span>447 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">57</span>-(44)-------Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe  150 <span class=\"_ _142\"> </span>671 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">14</span>-(11)---4(3)--Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (1 174) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>1 174) 10<span class=\"_ _192\"> </span>(646)<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>527<span class=\"_ _192\"> </span>(7)4----Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w <span class=\"_ _2\"></span> i podobne (1 132) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>3 201) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(86)</span>-67-(36)20(6)5--Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> zad\u0142u\u017cenia<span class=\"_ _2\"></span> (3 121) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>5 949) <span class=\"_ _62\"> </span> <span class=\"_ _130\"> </span><span class=\"ff2\">(379)</span>-297-(7)4(6)4--Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> (177) <span class=\"_ _e5\"> </span>(479) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(21)</span>-16-(1)1----Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy 808-(625)-(31)182(2)6(5)Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody (646)527------<div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:886.1963px;\">Nota 7.5.1.4 Ryzy<span class=\"_ _3\"></span>ko zmian st\u00f3p <span class=\"_ _3\"></span>procentowych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:868.1003px;\">Na <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>st\u00f3p <span class=\"_ _53\"></span>pro<span class=\"_ _2\"></span>centowych <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _53\"></span>nara\u017cona <span class=\"_ _53\"></span>by\u0142a <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>udzielo<span class=\"_ _2\"></span>nymi <span class=\"_ _53\"></span>po\u017cyczkami <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rzecz <span class=\"_ _53\"></span>wsp\u00f3lnego </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:853.9043px;\">przedsi\u0119wzi\u0119cia, <span class=\"_ _53\"></span>lokowaniem <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych, <span class=\"_ _0\"></span>programem <span class=\"_ _53\"></span>faktoringu <span class=\"_ _0\"></span>d\u0142u\u017cnego <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>korzystaniem <span class=\"_ _0\"></span>z zewn\u0119trznyc<span class=\"_ _3\"></span>h </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:839.7083px;\">\u017ar\u00f3de\u0142 finansowania.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:817.8683px;\">Pozycje oprocentowane wed\u0142u<span class=\"_ _3\"></span>g stopy zmiennej nara\u017caj\u0105 Grup\u0119 na ryzyko zmiany przep\u0142yw\u00f3w pieni\u0119\u017cn<span class=\"_ _3\"></span>ych z danej <span class=\"_ _2\"></span>pozycji<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:803.6723px;\">w  wyniku<span class=\"_ _3\"></span>  zmian<span class=\"_ _3\"></span>y  st<span class=\"_ _3\"></span>\u00f3p  proc<span class=\"_ _3\"></span>entowych  (t<span class=\"_ _3\"></span>j.  wp<span class=\"_ _3\"></span>\u0142ywaj\u0105  na <span class=\"_ _74\"> </span>wysoko\u015b\u0107 <span class=\"_ _74\"> </span>koszt\u00f3w  lub <span class=\"_ _74\"> </span>przychod\u00f3w <span class=\"_ _74\"> </span>odsetkowych <span class=\"_ _74\"> </span>ujmowanych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:789.4763px;\">w wyniku <span class=\"_ _2\"></span>finansowym). <span class=\"_ _53\"></span>Pozycje <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>procentowane <span class=\"_ _2\"></span>wed\u0142ug <span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>opy <span class=\"_ _2\"></span>sta\u0142ej <span class=\"_ _53\"></span>nara\u017caj\u0105 <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>dziwej<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:775.28033px;\">danej pozycji, z wy\u0142\u0105czeniem pozycji wycenia<span class=\"_ _3\"></span>nych wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu, dla kt\u00f3rych zmiana warto\u015bci godziw<span class=\"_ _3\"></span>ej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:761.08435px;\">nie wp\u0142ywa na ich <span class=\"_ _3\"></span>wycen\u0119 oraz na <span class=\"_ _3\"></span>wynik finansowy.<span class=\"fc10\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:739.2443px;\">Poni\u017cej przedstawi<span class=\"_ _3\"></span>ono g\u0142\u00f3wne pozycje, <span class=\"_ _3\"></span>kt\u00f3re nara\u017cone s\u0105 na r<span class=\"_ _3\"></span>yzyko st\u00f3p procen<span class=\"_ _3\"></span>towych. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:224.65387px; bottom:722.8643px;\">Stan na 31.12.20<span class=\"_ _3\"></span>22 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:441.96167px; bottom:722.8643px;\">Stan na 31.12.20<span class=\"_ _3\"></span>21 </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:208.11789px; bottom:704.61237px;\">Ryzyko </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:185.34189px; bottom:692.1324px;\">przep\u0142yw\u00f3w </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:185.34189px; bottom:679.80835px;\">pieni\u0119\u017cnych<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:272.70172px; bottom:704.61237px;\">Ryzyko </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:265.20203px; bottom:692.1324px;\">warto\u015bci </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:265.20203px; bottom:679.80835px;\">godziwej<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:330.26572px; bottom:692.1324px;\">Razem<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:430.87454px; bottom:704.61237px;\">Ryzyko </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:407.79767px; bottom:692.1324px;\">przep\u0142yw\u00f3w </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:408.88986px; bottom:679.80835px;\">pieni\u0119\u017cnych<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:504.36163px; bottom:704.61237px;\">Ryzyko </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:498.43365px; bottom:692.1324px;\">warto\u015bci </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:497.02985px; bottom:679.80835px;\">godziwej<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:572.0656px; bottom:692.1324px;\">Razem<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:56.017822px; bottom:658.74835px;\">\u015arodki pieni\u0119\u017cne<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:213.73376px; bottom:658.74835px;\">1 200<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:301.71786px; bottom:658.74835px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:334.1657px; bottom:658.74835px;\">1 200<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:436.34564px; bottom:658.74835px;\">2 333<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:533.2099px; bottom:658.74835px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:575.0296px; bottom:658.74835px;\">2 333<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:56.017822px; bottom:638.7804px;\">Po\u017cyczki udzielone<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:236.35388px; bottom:638.7804px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:292.502px; bottom:638.7804px;\">20<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:348.67352px; bottom:638.7804px;\">20<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:460.35797px; bottom:638.7804px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:524.94196px; bottom:638.7804px;\">22<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:589.6936px; bottom:638.7804px;\">22<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc2 sc0 ls0 ws0\" style=\"left:3.471878px; bottom:615.0684px;\">Nota 7.1 </div><div class=\"c w108 h2e\" style=\"left:56.017822px; bottom:618.9692px;\"><div class=\"t m4 x10 h8 y137 ff2 fs6 fc0 sc0 ls0 ws0\">Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:56.017822px; bottom:607.8924px;\">zad\u0142u\u017cenia </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:208.11789px; bottom:615.0684px;\">(2 656)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:272.70172px; bottom:615.0684px;\">(3 787)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:326.98987px; bottom:615.0684px;\">(6 443)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:429.63766px; bottom:615.0684px;\">(2 153)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:504.36163px; bottom:615.0684px;\">(3 796)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:568.3219px; bottom:615.0684px;\">(5 949)<span class=\"_ _192\"> </span></div><div class=\"c w109 h2e\" style=\"left:56.017822px; bottom:589.9532px;\"><div class=\"t m4 x10 h8 y896 ff2 fs6 fc0 sc0 ls0 ws0\">Zobowi\u0105zania </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:56.017822px; bottom:579.0324px;\">podobne* </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:221.37775px; bottom:587.1444px;\">(18)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:301.71786px; bottom:587.1444px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:342.2777px; bottom:587.1444px;\">(18)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:444.75787px; bottom:587.1444px;\">(55)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:533.2099px; bottom:587.1444px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:583.4536px; bottom:587.1444px;\">(55)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.013877869px; bottom:565.4604px;\">* </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:23.569832px; bottom:562.8084px;\">W <span class=\"_ _1\"> </span>celu <span class=\"_ _1\"> </span>efektywn<span class=\"_ _2\"></span>ego <span class=\"_ _1\"> </span>zarz\u0105dzania <span class=\"_ _1\"> </span>kap<span class=\"_ _2\"></span>ita\u0142em <span class=\"_ _1\"> </span>obroto<span class=\"_ _2\"></span>wym <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>terminowej <span class=\"_ _1\"> </span>realizacji<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>wzajemnych <span class=\"_ _1\"> </span>zobow<span class=\"_ _2\"></span>i\u0105za\u0144 <span class=\"_ _1\"> </span>wynikaj\u0105cych <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bowi\u0105zuj\u0105cych </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:23.569832px; bottom:548.6124px;\">um\u00f3w <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>dostawcami, <span class=\"_ _57\"> </span>Grupa <span class=\"_ _57\"> </span>realizowa\u0142a <span class=\"_ _57\"> </span>umowy <span class=\"_ _57\"> </span>o \u015bwiadczenie <span class=\"_ _57\"> </span>us\u0142ug <span class=\"_ _146\"> </span>faktoringu <span class=\"_ _146\"> </span>d\u0142u<span class=\"_ _2\"></span>\u017cnego. <span class=\"_ _146\"> </span>W <span class=\"_ _146\"> </span>zw<span class=\"_ _2\"></span>i\u0105zku <span class=\"_ _146\"> </span>z <span class=\"_ _146\"> </span>p<span class=\"_ _2\"></span>owy\u017cszym <span class=\"_ _146\"> </span>dla<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>cz\u0119\u015bci <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>rtfela </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:23.569832px; bottom:534.41644px;\">zobow<span class=\"_ _2\"></span>i\u0105za\u0144  wobe<span class=\"_ _2\"></span>c  dostawc\u00f3<span class=\"_ _2\"></span>w  uzgodnio<span class=\"_ _2\"></span>no  wyd\u0142u\u017c<span class=\"_ _2\"></span>enie  termin<span class=\"_ _2\"></span>\u00f3w  sp\u0142a<span class=\"_ _2\"></span>ty  zobowi\u0105za<span class=\"_ _2\"></span>\u0144  za  d<span class=\"_ _2\"></span>odatkowym <span class=\"_ _146\"> </span>wynagrodzeniem<span class=\"_ _2\"></span>  w  formi<span class=\"_ _2\"></span>e  odsete<span class=\"_ _2\"></span>k. </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:23.569832px; bottom:520.22046px;\">Odsetki <span class=\"_ _57\"> </span>wyznacza<span class=\"_ _2\"></span>ne <span class=\"_ _146\"> </span>s\u0105 <span class=\"_ _57\"> </span>wed\u0142ug <span class=\"_ _57\"> </span>stopy <span class=\"_ _146\"> </span>zmie<span class=\"_ _2\"></span>nnej, <span class=\"_ _57\"> </span>w <span class=\"_ _146\"> </span>oparciu<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>o sta\u0142<span class=\"_ _2\"></span>\u0105 <span class=\"_ _146\"> </span>mar\u017c\u0119 <span class=\"_ _146\"> </span>pow<span class=\"_ _2\"></span>i\u0119kszon\u0105<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>o <span class=\"_ _146\"> </span>okre<span class=\"_ _2\"></span>\u015blony <span class=\"_ _146\"> </span>wska\u017an<span class=\"_ _2\"></span>ik <span class=\"_ _146\"> </span>referen<span class=\"_ _2\"></span>cyjny <span class=\"_ _146\"> </span>u<span class=\"_ _2\"></span>stalony <span class=\"_ _146\"> </span>d<span class=\"_ _2\"></span>la </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:23.569832px; bottom:505.8684px;\">poszcze<span class=\"_ _2\"></span>g\u00f3lnych walu<span class=\"_ _2\"></span>t. Szczeg\u00f3\u0142y do<span class=\"_ _2\"></span>tycz\u0105ce faktoringu d<span class=\"_ _2\"></span>\u0142u\u017cnego op<span class=\"_ _2\"></span>isano w Nocie 8.4.<span class=\"_ _2\"></span>1, nocie 10.3<span class=\"_ _2\"></span> oraz Nocie 10.<span class=\"_ _2\"></span>4.<span class=\"fcb\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:482.46844px;\">Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Jednost<span class=\"_ _2\"></span>ka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>posiada\u0142a <span class=\"_ _2\"></span>transakcje <span class=\"_ _2\"></span>CIRS <span class=\"_ _2\"></span>(Cross <span class=\"_ _53\"></span>Currency <span class=\"_ _2\"></span>Interest <span class=\"_ _2\"></span>Rate <span class=\"_ _53\"></span>Swap <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span>swap </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:468.27246px;\">walutowo-procent<span class=\"_ _3\"></span>owy)  z <span class=\"_ _1\"> </span>te<span class=\"_ _2\"></span>rminam<span class=\"_ _3\"></span>i  z<span class=\"_ _3\"></span>apadalno\u015bci <span class=\"_ _74\"> </span>w  czerwcu <span class=\"_ _74\"> </span>2024 <span class=\"_ _74\"> </span>r.  oraz <span class=\"_ _1\"> </span>czerwcu  202<span class=\"_ _3\"></span>9  r., <span class=\"_ _74\"> </span>dla  nomina\u0142u <span class=\"_ _74\"> </span>2 mld <span class=\"_ _74\"> </span>PLN, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:454.23248px;\">zabezpieczaj\u0105ce <span class=\"_ _1\"> </span>zar\u00f3wn<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>przychody <span class=\"_ _1\"> </span>ze <span class=\"_ _74\"> </span>sprzeda\u017cy <span class=\"_ _0\"> </span>w <span class=\"_ _74\"> </span>walucie, <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>zmienne <span class=\"_ _1\"> </span>oprocentowanie <span class=\"_ _1\"> </span>wyemitowanych <span class=\"_ _0\"></span>obligacji. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:440.03644px;\">Pozycj\u0119 zabezpi<span class=\"_ _3\"></span>eczaj\u0105c\u0105 otwart\u0105 na<span class=\"_ _3\"></span> dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2022 r. oraz 31 <span class=\"_ _3\"></span>grudnia 2021 r. <span class=\"_ _3\"></span>prezentuje tabela w Nocie 7.5.1.3.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:418.04047px;\">Poni\u017csza <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>abela <span class=\"_ _58\"> </span>prezentuje <span class=\"_ _74\"> </span>analiz\u0119  wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci  Gr<span class=\"_ _3\"></span>upy  Kapi<span class=\"_ _3\"></span>ta\u0142owej  na <span class=\"_ _74\"> </span>ryzyko  zmiany <span class=\"_ _74\"> </span>st\u00f3p <span class=\"_ _74\"> </span>procentowych,  zak<span class=\"_ _3\"></span>\u0142adaj\u0105c\u0105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:403.84448px;\">zmiany <span class=\"_ _5a\"> </span>st\u00f3p <span class=\"_ _54\"> </span>procentowych <span class=\"_ _5a\"> </span>dla <span class=\"_ _54\"> </span>pozycji <span class=\"_ _5a\"> </span>bilansowych <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>PLN, <span class=\"_ _54\"> </span>USD <span class=\"_ _54\"> </span>i <span class=\"_ _5a\"> </span>EUR <span class=\"_ _54\"> </span>(p<span class=\"_ _3\"></span>odane <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>punktach <span class=\"_ _54\"> </span>bazowych <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _54\"> </span>pb).<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:389.6485px;\">Do wyznaczenia <span class=\"_ _74\"> </span>zakresu  potencja<span class=\"_ _3\"></span>lnych  zmian <span class=\"_ _74\"> </span>st\u00f3p  procent<span class=\"_ _3\"></span>owych  zastosowan<span class=\"_ _3\"></span>o  metod<span class=\"_ _3\"></span>\u0119  eksper<span class=\"_ _3\"></span>ck\u0105  z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:375.45248px;\">wskaza\u0144 modelu AR<span class=\"_ _3\"></span>MA. </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:257.55807px; bottom:354.2365px;\">31.12.2022<span class=\"_ _3\"></span> </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:218.25775px; bottom:340.9765px;\">zmiana st\u00f3<span class=\"_ _3\"></span>p procentowyc<span class=\"_ _3\"></span>h </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:473.61737px; bottom:354.2365px;\">31.12.2021<span class=\"_ _3\"></span> </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:434.14996px; bottom:340.9765px;\">zmiana st\u00f3<span class=\"_ _3\"></span>p procentowyc<span class=\"_ _3\"></span>h </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:210.14575px; bottom:327.56052px;\">+150 pb </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:189.86588px; bottom:314.3005px;\">(PLN, USD, E<span class=\"_ _3\"></span>UR) </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:321.98602px; bottom:327.56052px;\">-100 pb  </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:301.71786px; bottom:314.3005px;\">(PLN, USD, E<span class=\"_ _3\"></span>UR) </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:416.06567px; bottom:327.56052px;\">+250 pb (P<span class=\"_ _3\"></span>LN)  </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:408.88986px; bottom:314.3005px;\">+150 pb (U<span class=\"_ _3\"></span>SD, EUR)</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:520.5859px; bottom:327.56052px;\">-100 pb (P<span class=\"_ _3\"></span>LN)  </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:514.3459px; bottom:314.3005px;\">-50 pb (US<span class=\"_ _3\"></span>D, EUR) </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:200.30606px; bottom:288.87253px;\">wynik </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:181.28577px; bottom:276.39252px;\">finansowy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:237.90204px; bottom:301.1965px;\">pozosta\u0142e </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:237.90204px; bottom:288.87253px;\">ca\u0142kowite </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:241.50186px; bottom:276.39252px;\">dochody<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:307.80173px; bottom:288.87253px;\">wynik </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:288.92587px; bottom:276.39252px;\">finansowy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:347.41403px; bottom:301.1965px;\">pozosta\u0142e </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:347.41403px; bottom:288.87253px;\">ca\u0142kowite </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:351.0137px; bottom:276.39252px;\">dochody<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:427.60968px; bottom:288.87253px;\">wynik </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:407.79767px; bottom:276.39252px;\">finansowy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:456.46967px; bottom:301.1965px;\">pozosta\u0142e </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:456.46967px; bottom:288.87253px;\">ca\u0142kowite </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:460.35797px; bottom:276.39252px;\">dochody<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:528.22986px; bottom:288.87253px;\">wynik </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:508.7296px; bottom:276.39252px;\">finansowy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:561.7696px; bottom:301.1965px;\">pozosta\u0142e </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:561.7696px; bottom:288.87253px;\">ca\u0142kowite </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:565.2019px; bottom:276.39252px;\">dochody<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:260.94855px;\">\u015arodki pieni\u0119<span class=\"_ _3\"></span>\u017cne <span class=\"_ _7b\"> </span> </div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:212.63007px; bottom:261.88452px;\">18</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:275.0301px; bottom:261.88452px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:315.59006px; bottom:261.88452px;\">(12)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:384.0727px; bottom:261.88452px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:439.766px; bottom:260.01254px;\">32</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:493.89795px; bottom:260.01254px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:535.24963px; bottom:260.01254px;\">(11)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:599.0539px; bottom:260.01254px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:245.03653px;\">Zobowi\u0105zanie <span class=\"_ _3\"></span>z tytu\u0142u zad\u0142u<span class=\"_ _3\"></span>\u017cenia </div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:206.08975px; bottom:245.97253px;\">(40)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:275.0301px; bottom:245.97253px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:321.98602px; bottom:245.97253px;\">27</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:384.0727px; bottom:245.97253px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:434.14996px; bottom:244.10056px;\">(54)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:493.89795px; bottom:244.10056px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:540.5414px; bottom:244.10056px;\">21</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:599.0539px; bottom:244.10056px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:230.06055px;\">Pochodne i<span class=\"_ _3\"></span>nstrumenty </div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:216.80054px;\">finansowe <span class=\"_ _3\"></span>\u2013 stopa proce<span class=\"_ _3\"></span>ntowa </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:219.34976px; bottom:223.35254px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:259.90988px; bottom:223.35254px;\">134<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:329.01804px; bottom:223.35254px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:369.7337px; bottom:223.35254px;\">(97)<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:448.0459px; bottom:223.50854px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:480.80566px; bottom:223.50854px;\">186</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:548.9779px; bottom:223.50854px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:585.1696px; bottom:223.50854px;\">(66)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:202.91656px;\">Zobowi\u0105zania <span class=\"_ _3\"></span>podobne<span class=\"ff1 fc2\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:221.37775px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:275.0301px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:329.01804px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:384.0727px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:448.0459px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:493.89795px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:548.9779px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:599.0539px; bottom:202.91656px;\">-</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:188.25256px;\">Wp\u0142yw na <span class=\"_ _3\"></span>wynik finansow<span class=\"_ _3\"></span>y </div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:206.08975px; bottom:188.25256px;\">(22)</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:275.0301px; bottom:188.25256px;\">-</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:321.98602px; bottom:188.25256px;\">15</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:384.0727px; bottom:188.25256px;\">-</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:434.14996px; bottom:188.25256px;\">(22)</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:493.89795px; bottom:188.25256px;\">-</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:540.5414px; bottom:188.25256px;\">10</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:599.0539px; bottom:188.25256px;\">-</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:174.36856px;\">Wp\u0142yw na p<span class=\"_ _3\"></span>ozosta\u0142e ca\u0142<span class=\"_ _3\"></span>kowite </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:8.671875px; bottom:161.10858px;\">dochody<span class=\"_ _3\"></span> </div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:261.61398px; bottom:167.81656px;\">134</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:369.7337px; bottom:167.81656px;\">(97)</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:448.0459px; bottom:167.81656px;\">-</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:480.80566px; bottom:167.81656px;\">186</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:548.9779px; bottom:167.81656px;\">-</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:583.4536px; bottom:167.81656px;\">(66)</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:131.00058px;\">Wp\u0142yw refor<span class=\"_ _3\"></span>my stawek <span class=\"_ _3\"></span>referencyjnyc<span class=\"_ _3\"></span>h</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:109.31659px;\">Grupa <span class=\"_ _54\"> </span>korzysta <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>instrum<span class=\"_ _3\"></span>ent\u00f3w <span class=\"_ _54\"> </span>finansowych <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>partych <span class=\"_ _54\"> </span>o <span class=\"_ _54\"> </span>zmienne <span class=\"_ _54\"> </span>stopy <span class=\"_ _54\"> </span>pro<span class=\"_ _3\"></span>centowe, <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>podlegaj\u0105 <span class=\"_ _54\"> </span>ref<span class=\"_ _3\"></span>ormie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:95.120605px;\">wska\u017anik\u00f3w referencyjnych. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>wyniku reformy <span class=\"_ _2\"></span>zaprzestano <span class=\"_ _2\"></span>publika<span class=\"_ _3\"></span>cji <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _2\"></span>stawek <span class=\"_ _2\"></span>IBOR <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>stycznia 2022 <span class=\"_ _2\"></span>r., <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>kolejne </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:80.92461px;\">przestan\u0105 by\u0107 pub<span class=\"_ _3\"></span>likowane z dniem <span class=\"_ _3\"></span>30 czerwca 2023<span class=\"_ _3\"></span> r. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:58.92862px;\">Grupa zidentyfikowa\u0142a um<span class=\"_ _3\"></span>owy, w kt\u00f3rych znajduj\u0105 si\u0119 zapisy oparte o stawk\u0119 LIBOR i kt\u00f3re uleg<span class=\"_ _3\"></span>n\u0105 zmianie po zast\u0105pieniu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:44.888626px;\">stawki <span class=\"_ _53\"></span>referencyjnej. <span class=\"_ _53\"></span>S\u0105 <span class=\"_ _53\"></span>to <span class=\"_ _53\"></span>przede <span class=\"_ _53\"></span>wszystkim <span class=\"_ _53\"></span>umowy <span class=\"_ _53\"></span>fi<span class=\"_ _2\"></span>nansowa<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>zewn\u0119trznego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>umowy <span class=\"_ _53\"></span>fakto<span class=\"_ _2\"></span>ringowe. <span class=\"_ _2\"></span> W <span class=\"_ _0\"></span>2022<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:30.692627px;\">cz\u0119\u015b\u0107 <span class=\"_ _1\"> </span>um\u00f3w <span class=\"_ _0\"></span>finansowania <span class=\"_ _0\"> </span>bilateralnego <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _0\"></span>aneksowana <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>celu <span class=\"_ _1\"> </span>wprowadzenia<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>stawki <span class=\"_ _0\"></span>SOFR <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>CME <span class=\"_ _0\"> </span>TERM <span class=\"_ _1\"> </span>SOFR. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:16.496628px;\">Z pozosta\u0142ymi <span class=\"_ _67\"> </span>instytucjami <span class=\"_ _67\"> </span>finansowymi <span class=\"_ _69\"> </span>prowadzone <span class=\"_ _67\"> </span>s\u0105 <span class=\"_ _69\"> </span>negocjacje <span class=\"_ _69\"> </span>maj\u0105ce <span class=\"_ _67\"> </span>na <span class=\"_ _69\"> </span>celu <span class=\"_ _69\"> </span>zast\u0105pienie <span class=\"_ _67\"> </span>stopy <span class=\"_ _69\"> </span>LIBOR </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:14.209877px; bottom:2.3006363px;\">alternatywnym wska\u017aniki<span class=\"_ _3\"></span>em.<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:532.6963px;\">Dnia <span class=\"_ _74\"> </span>7 <span class=\"_ _74\"> </span>lipca <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r.  z<span class=\"_ _3\"></span>osta\u0142a <span class=\"_ _58\"> </span>przyj\u0119ta <span class=\"_ _74\"> </span>ustawa <span class=\"_ _74\"> </span>o <span class=\"_ _74\"> </span>crowdfundingu <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>biznesu  i <span class=\"_ _1\"> </span>wsparciu <span class=\"_ _74\"> </span>kredytobiorc\u00f3w, <span class=\"_ _74\"> </span>kt\u00f3ra <span class=\"_ _74\"> </span>stanowi </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:518.5003px;\">fundament <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>wska\u017anika <span class=\"_ _0\"></span>WIBOR <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>WIBID <span class=\"_ _1\"> </span>maj\u0105cych <span class=\"_ _0\"></span>zastosowanie <span class=\"_ _0\"></span>dla <span class=\"_ _0\"> </span>inst<span class=\"_ _2\"></span>rument\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span>. <span class=\"_ _0\"> </span>W <span class=\"_ _1\"> </span>nast\u0119pstwie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:504.30432px;\">zmian <span class=\"_ _59\"> </span>legislacyjnych <span class=\"_ _57\"> </span>we <span class=\"_ _59\"> </span>wrze\u015bniu <span class=\"_ _59\"> </span>2022 <span class=\"_ _57\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>Komitet <span class=\"_ _59\"> </span>Steruj\u0105cy <span class=\"_ _57\"> </span>N<span class=\"_ _2\"></span>arodowej <span class=\"_ _59\"> </span>Grupy <span class=\"_ _57\"> </span>Roboczej <span class=\"_ _59\"> </span>ds. <span class=\"_ _59\"> </span>reformy <span class=\"_ _59\"> </span>wska\u017anik\u00f3w<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:490.10828px;\">referencyjnych <span class=\"_ _57\"> </span>wskaza\u0142 <span class=\"_ _59\"> </span>W<span class=\"_ _3\"></span>IRON <span class=\"_ _59\"> </span>jako <span class=\"_ _57\"> </span>docelowy <span class=\"_ _59\"> </span>ind<span class=\"_ _3\"></span>eks <span class=\"_ _59\"> </span>typu <span class=\"_ _57\"> </span>Risk-Free <span class=\"_ _59\"> </span>Rat<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>(RFR) <span class=\"_ _57\"> </span>dla <span class=\"_ _59\"> </span>polski<span class=\"_ _3\"></span>ego <span class=\"_ _59\"> </span>rynku <span class=\"_ _57\"> </span>finansowego. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:476.0683px;\">Szczeg\u00f3\u0142y <span class=\"_ _5e\"> </span>dotycz\u0105ce <span class=\"_ _5e\"> </span>zast\u0105pienia <span class=\"_ _5e\"> </span>obowi\u0105zuj\u0105cych <span class=\"_ _5e\"> </span>wska\u017anik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5e\"> </span>alte<span class=\"_ _2\"></span>rnatywnym <span class=\"_ _5e\"> </span>zostan\u0105<span class=\"_ _3\"></span> <span class=\"_ _67\"> </span>op<span class=\"_ _3\"></span>ublikowane <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span>2023<span class=\"_ _3\"></span> <span class=\"_ _5e\"> </span>r., </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:461.8723px;\">a publikacja starych s<span class=\"_ _3\"></span>tawek WIBOR oraz<span class=\"_ _3\"></span> WIBID zako\u0144czy si\u0119 w 2<span class=\"_ _3\"></span>025 r. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:439.87634px;\">Do <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>reforma <span class=\"_ _2\"></span>IBOR <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>b\u0119dzie <span class=\"_ _2\"></span>mia\u0142a <span class=\"_ _2\"></span>tak\u017ce <span class=\"_ _2\"></span>wp\u0142ywu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>stop\u0119 <span class=\"_ _2\"></span>procentow\u0105 <span class=\"_ _2\"></span>wykorzystywan\u0105 w <span class=\"_ _2\"></span>zakresie <span class=\"_ _2\"></span>inst<span class=\"_ _2\"></span>rument<span class=\"_ _3\"></span>\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:425.6803px;\">pochodnych <span class=\"_ _5a\"> </span>Grupy, <span class=\"_ _54\"> </span>poniewa\u017c <span class=\"_ _5a\"> </span>zawarte <span class=\"_ _54\"> </span>transakcje <span class=\"_ _54\"> </span>CIRS <span class=\"_ _5a\"> </span>(otwarte <span class=\"_ _54\"> </span>transakcj<span class=\"_ _3\"></span>e <span class=\"_ _54\"> </span>swapa <span class=\"_ _5a\"> </span>walutowo-procentowego) <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>raz </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:411.4843px;\">wyemitowane <span class=\"_ _1\"> </span>przez <span class=\"_ _74\"> </span>Grup\u0119 <span class=\"_ _74\"> </span>obligacje <span class=\"_ _74\"> </span>s\u0105 <span class=\"_ _74\"> </span>oparte <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>wska\u017aniku <span class=\"_ _1\"> </span>referencyjnym <span class=\"_ _74\"> </span>WIBOR. <span class=\"_ _74\"> </span>W <span class=\"_ _74\"> </span>przypadku <span class=\"_ _1\"> </span>tego  b<span class=\"_ _3\"></span>enchmarku,<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:397.44434px;\">do 2025 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>znajdujemy <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresie <span class=\"_ _2\"></span>przej\u015bciowym, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kt\u00f3rym <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>b\u0119d\u0105 <span class=\"_ _53\"></span>wymagane dostosowania <span class=\"_ _2\"></span>dla <span class=\"_ _2\"></span>transakcji <span class=\"_ _2\"></span>zawartych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:383.24835px;\">przed  reform\u0105.  Po  2025  r.  reforma  IBOR  mo\u017ce  mie\u0107  wp\u0142yw  na  zabezpieczenie  przep\u0142yw\u00f3w<span class=\"_ _3\"></span>  pieni\u0119\u017cnych  zmiennych<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:369.05237px;\">odsetek <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>wyemitowanych obligacji <span class=\"_ _2\"></span>(Transza <span class=\"_ _2\"></span>B) <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>wysoko\u015bci <span class=\"_ _53\"></span>1,6 mld <span class=\"_ _2\"></span>PLN, <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>WIBOR <span class=\"_ _2\"></span>6M, <span class=\"_ _2\"></span>tj. <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>transakcje <span class=\"_ _2\"></span>CIRS </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:354.85638px;\">(swap <span class=\"_ _2\"></span>walutowo-procentowy) z <span class=\"_ _53\"></span>terminem <span class=\"_ _2\"></span>realizacji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>2029 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>Grupa <span class=\"_ _2\"></span>zastosowa\u0142a <span class=\"_ _2\"></span>tymczasowe <span class=\"_ _2\"></span>odst\u0119pstwa o<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>stosowania </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:340.66034px;\">szczeg\u00f3lnych <span class=\"_ _53\"></span>wymog\u00f3w <span class=\"_ _2\"></span>rachunkowo\u015bci <span class=\"_ _53\"></span>zabezpiecze\u0144 <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>MSSF <span class=\"_ _2\"></span>9 <span class=\"_ _0\"></span>w <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>refo<span class=\"_ _2\"></span>rm\u0105 <span class=\"_ _53\"></span>IBOR <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>przyj\u0119\u0142a <span class=\"_ _53\"></span>za\u0142o\u017cenie, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _0\"></span>mo\u017ce<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:326.62036px;\">kontynuowa\u0107 <span class=\"_ _53\"></span>powi\u0105zania <span class=\"_ _53\"></span>zabezpieczaj\u0105ce. <span class=\"_ _53\"></span>Kwoty <span class=\"_ _0\"></span>nominalne <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>zabezpieczaj\u0105cych <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _53\"></span>stosowane <span class=\"_ _53\"></span>s\u0105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:312.42438px;\">te odst\u0119pstwa ujawn<span class=\"_ _3\"></span>ione s\u0105 w tabeli p<span class=\"_ _3\"></span>oni\u017cej.<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:290.4284px;\">Na  dzie\u0144  31grudnia  2022  r. <span class=\"_ _146\"> </span>Grupa  o<span class=\"_ _2\"></span>szacowa\u0142a,  \u017ce  wp\u0142yw  reformy  IBOR  na  sprawozdanie  finansowe  Grupy  b\u0119dzie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:276.23236px;\">nieistotny. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:254.3924px;\">Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>posiada\u0142a <span class=\"_ _2\"></span>instrumenty <span class=\"_ _2\"></span>finansowe <span class=\"_ _2\"></span>oparte <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>zmiennych <span class=\"_ _2\"></span>stopach <span class=\"_ _2\"></span>procentowych, <span class=\"_ _2\"></span>kt\u00f3re </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:240.19641px;\">nie zosta\u0142y jeszcz<span class=\"_ _3\"></span>e zast\u0105pione wska\u017an<span class=\"_ _3\"></span>ikami alternatywnymi.<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:179.04443px;\">Typ instrumentu fin<span class=\"_ _3\"></span>ansowego<span class=\"fc0\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:321.04288px; bottom:186.06439px;\">Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:335.70688px; bottom:171.86841px;\">na 31.12.2022 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:143.78845px;\">Kredyty </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:207.17462px; bottom:151.58844px;\">USD LIBOR 1M<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:396.40274px; bottom:151.58844px;\">(528)<span class=\"_ _192\"> </span></div><div class=\"c wbd h2e\" style=\"left:222.15076px; bottom:130.84119px;\"><div class=\"t m4 x10 h8 y1848 ff2 fs6 fc0 sc0 ls0 ws0\">WIBOR 1<span class=\"_ _192\"> </span></div></div><div class=\"c w10a h2e\" style=\"left:401.86255px; bottom:130.84119px;\"><div class=\"t m4 x10 h8 y1848 ff2 fs6 fc0 sc0 ls0 ws0\">(63)<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:106.504456px;\">D\u0142u\u017cne papiery wart<span class=\"_ _3\"></span>o\u015bciowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:217.47061px; bottom:106.504456px;\">WIBOR 6M </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:387.3546px; bottom:106.504456px;\">(2 002)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:68.75244px;\">Faktoring d\u0142u\u017cny<span class=\"_ _3\"></span><span class=\"ff1\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:217.47061px; bottom:68.75244px;\">WIBOR 6M </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:401.86255px; bottom:68.75244px;\">(18)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:39.580505px;\">Pochodne instrume<span class=\"_ _3\"></span>nty finansowe<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:25.384491px;\">(CIRS na 2029<span class=\"_ _3\"></span> r., 1 600 mln<span class=\"_ _3\"></span> PLN) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:217.47061px; bottom:32.40448px;\">WIBOR 6M </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:396.40274px; bottom:32.40448px;\">(198)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:4.4804993px;\">Razem<span class=\"fc0\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:386.09485px; bottom:4.4804993px;\">(2 809)<span class=\"_ _192\"> </span></div>Nota 7.5.1.5 Wp<span class=\"_ _3\"></span>\u0142yw stosowani<span class=\"_ _3\"></span>a rachunkowo\u015bci <span class=\"_ _3\"></span>zabezpiecze\u0144 <span class=\"_ _3\"></span>na sprawozdanie fi<span class=\"_ _3\"></span>nansowe Poni\u017csza <span class=\"_ _2\"></span>tabela <span class=\"_ _2\"></span>zawiera <span class=\"_ _2\"></span>informacje <span class=\"_ _53\"></span>dotycz\u0105ce zmian <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _2\"></span>instrument\u00f3w <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>koresponduj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>nimi <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _2\"></span>pozycji <span class=\"_ _2\"></span>zabezpieczanych w <span class=\"_ _53\"></span>okresie <span class=\"_ _2\"></span>sprawozdawczy<span class=\"_ _3\"></span>m, b\u0119d\u0105ce podstaw\u0105 <span class=\"_ _3\"></span>do uj\u0119cia cz<span class=\"_ _3\"></span>\u0119\u015bci efektywnej i ni<span class=\"_ _3\"></span>eefektywnej zmi<span class=\"_ _3\"></span>any warto\u015bci g<span class=\"_ _3\"></span>odziwej instrum<span class=\"_ _3\"></span>ent\u00f3w zabezpieczaj\u0105c<span class=\"_ _3\"></span>ych w latach<span class=\"_ _3\"></span> 2021-2022 <span class=\"_ _3\"></span>(bez uwzgl\u0119dniania <span class=\"_ _3\"></span>efektu podatkoweg<span class=\"_ _3\"></span>o). W <span class=\"_ _5a\"> </span>powi\u0105zaniach <span class=\"_ _59\"> </span>zabezpieczaj\u0105<span class=\"_ _3\"></span>cych <span class=\"_ _5a\"> </span>jako <span class=\"_ _59\"> </span>instrument <span class=\"_ _5a\"> </span>zabezpie<span class=\"_ _3\"></span>czaj\u0105cy <span class=\"_ _5a\"> </span>jest <span class=\"_ _59\"> </span>wyznaczona <span class=\"_ _5a\"> </span>wy\u0142\u0105c<span class=\"_ _3\"></span>znie <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>wewn\u0119trzna <span class=\"_ _5a\"> </span>opcj<span class=\"_ _3\"></span>i. <span class=\"_ _5a\"> </span>Warto\u015b\u0107 <span class=\"_ _5a\"> </span>czas<span class=\"_ _3\"></span>owa <span class=\"_ _5a\"> </span>zbiega <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>zera <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>horyzoncie <span class=\"_ _5a\"> </span>powi\u0105za<span class=\"_ _3\"></span>nia zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go.  Nieefektywn<span class=\"_ _3\"></span>o\u015b\u0107 zabezpiecz<span class=\"_ _3\"></span>enia uj\u0119ta w rach<span class=\"_ _3\"></span>unku wynik\u00f3w w <span class=\"_ _3\"></span>okresach sprawozdawcz<span class=\"_ _3\"></span>ych 2021 <span class=\"_ _3\"></span>\u2013 2022 by\u0142a nieist<span class=\"_ _3\"></span>otna.  <span class=\"_ _147\"> </span><span class=\"fc2\">Stan na 31.12.202<span class=\"_ _2\"></span>2</span>od 01.01.2022do 31.12.2022od 01.01.2022do 31.12.2022Stan na 31.12.202<span class=\"_ _2\"></span>1od 01.01.2021do 31.12.2021od 01.01.2021do 31.12.2021Saldo pozosta\u0142ych c<span class=\"_ _2\"></span>a\u0142kowitych doc<span class=\"_ _2\"></span>hod\u00f3w z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia przep\u0142yw\u00f3<span class=\"_ _2\"></span>w pieni\u0119\u017cnych dla powi\u0105<span class=\"_ _2\"></span>za\u0144Zmiana warto\u015bci pozycji zabezpieczanej Saldo pozosta\u0142ych c<span class=\"_ _2\"></span>a\u0142kowitych doc<span class=\"_ _2\"></span>hod\u00f3w z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia przep\u0142yw\u00f3<span class=\"_ _2\"></span>w pieni\u0119\u017cnych dla powi\u0105<span class=\"_ _2\"></span>za\u0144typ pow<span class=\"_ _2\"></span>i\u0105zania  typ ryzyka  typ instru<span class=\"_ _2\"></span>mentu \u2013 pozycji za<span class=\"_ _2\"></span>bezpieczanejpozostaj\u0105cych w rachunkowo\u015bci zabezpiecze\u0144<span class=\"_ _192\"> </span>dla kt\u00f3rych zaprzestano stosowa\u0107 rachunkowo\u015b\u0107 zabezpiecze\u0144<span class=\"_ _192\"> </span>Zmiana warto\u015bci instrumentu zabezpieczaj\u0105cego pozostaj\u0105cych w rachunkowo\u015bci zabezpiecze\u0144<span class=\"_ _192\"> </span>dla kt\u00f3rych zaprzestano stosowa\u0107 rachunkowo\u015b\u0107 zabezpiecze\u0144<span class=\"_ _192\"> </span>Zmiana warto\u015bci pozycji zabezpieczanejZmiana warto\u015bci instrumentu zabezpieczaj\u0105cegoZabezpieczenie pr<span class=\"_ _2\"></span>zep\u0142yw\u00f3w pieni\u0119<span class=\"_ _2\"></span>\u017cnych<span class=\"fc0\"> </span>Ryzyko towarowe<span class=\"_ _2\"></span> (mied\u017a) Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy (21)<span class=\"_ _192\"> </span>(11)<span class=\"_ _192\"> </span>(327)<span class=\"_ _192\"> </span>255<span class=\"_ _192\"> </span>(1 357)-979(981)warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 152<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>325<span class=\"_ _192\"> </span>(1 027)--(976)warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> (173)<span class=\"_ _192\"> </span>(11)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(70)<span class=\"_ _192\"> </span>(330)--(5)Ryzyko towarowe<span class=\"_ _2\"></span> (srebro)<span class=\"fc0\"> </span>Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy<span class=\"ff1\"> </span>19<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>16<span class=\"_ _192\"> </span>(21)<span class=\"_ _192\"> </span>9215(172)14warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 30<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(16)<span class=\"_ _192\"> </span>16312-172warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> (11)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(5)<span class=\"_ _192\"> </span>(71)3-(158)Ryzyko walutowe (U<span class=\"_ _2\"></span>SD)<span class=\"ff2 fc0\"> </span>Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy 402<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(183)<span class=\"_ _192\"> </span>403<span class=\"_ _192\"> </span>(1)-115(192)warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 193<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>182<span class=\"_ _192\"> </span>23--(114)warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> 209<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>221<span class=\"_ _192\"> </span>(24)--(78)Po\u017cyczki \u2013 Przych<span class=\"_ _2\"></span>ody ze sprzeda\u017cy<span class=\"_ _2\"></span> -<span class=\"_ _192\"> </span>(64)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-(80)--warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna -<span class=\"_ _192\"> </span>(64)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-(80)--Ryzyko walutowe i st<span class=\"_ _2\"></span>opy procent<span class=\"_ _2\"></span>owej Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy (569)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>154<span class=\"_ _192\"> </span>(137)<span class=\"_ _192\"> </span>(431)-406(371)warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna (569)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(137)<span class=\"_ _192\"> </span>(431)--(371)Opcje \u2013 Przychod<span class=\"_ _2\"></span>y/koszty finansowe<span class=\"_ _2\"></span> 315<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(181)<span class=\"_ _192\"> </span>152<span class=\"_ _192\"> </span>162-(332)300warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna 315<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>152<span class=\"_ _192\"> </span>162--300Razem, w tym:<span class=\"_ _2\"></span> 146<span class=\"_ _192\"> </span>(75)<span class=\"_ _192\"> </span>(521)<span class=\"_ _192\"> </span>652<span class=\"_ _192\"> </span>(1 535)(65)996(1 230)Razem warto\u015b\u0107<span class=\"_ _2\"></span> wewn\u0119trzna 121<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>506<span class=\"_ _192\"> </span>(1 110)(68)-(989)Razem warto\u015b\u0107<span class=\"_ _2\"></span> czasowa 25<span class=\"_ _192\"> </span>(75)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>146<span class=\"_ _192\"> </span>(425)3-(241)Poni\u017csza tabela za<span class=\"_ _3\"></span>wiera informa<span class=\"_ _3\"></span>cje dotycz\u0105ce  wp\u0142<span class=\"_ _3\"></span>ywu stosowania<span class=\"_ _3\"></span> rachunkowo\u015bci zab<span class=\"_ _3\"></span>ezpiecze\u0144 na <span class=\"_ _3\"></span>rachunek wynik\u00f3w oraz<span class=\"_ _3\"></span> pozosta\u0142e ca\u0142kow<span class=\"_ _3\"></span>ite dochody (bez uw<span class=\"_ _3\"></span>zgl\u0119dniania efek<span class=\"_ _3\"></span>tu podatkow<span class=\"_ _3\"></span>ego). od 01.01.20<span class=\"_ _3\"></span>22 do 31.12.2<span class=\"_ _3\"></span>022 od 01.01.20<span class=\"_ _3\"></span>21 do 31.12.2<span class=\"_ _3\"></span>021typ pow<span class=\"_ _2\"></span>i\u0105zania  typ ryzyka  typ instru<span class=\"_ _2\"></span>mentu<span class=\"ff2\"> <span class=\"_ _ea\"> </span></span> Zyski lub (straty)<span class=\"_ _2\"></span> z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zeniauj\u0119te w pozosta\u0142yc<span class=\"_ _2\"></span>h ca\u0142kowitych dochod<span class=\"_ _2\"></span>achKwota przeklasy<span class=\"_ _2\"></span>fikowana z pozost<span class=\"_ _2\"></span>a\u0142ych ca\u0142kowitych dochod<span class=\"_ _2\"></span>\u00f3w do sprawoz<span class=\"_ _2\"></span>dania z wyniku jako kor<span class=\"_ _2\"></span>ekta z tytu\u0142u przeklasyfikowani<span class=\"_ _2\"></span>a, ze wzgl\u0119du n<span class=\"_ _2\"></span>a realizacj\u0119 pozycji zabezpiec<span class=\"_ _2\"></span>zanej w okresieZyski lub (straty)<span class=\"_ _2\"></span> z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zeniauj\u0119te w pozosta\u0142yc<span class=\"_ _2\"></span>h ca\u0142kowitych dochod<span class=\"_ _2\"></span>achKwota przeklasy<span class=\"_ _2\"></span>fikowana z pozosta\u0142ych ca\u0142kowi<span class=\"_ _2\"></span>tych dochod<span class=\"_ _2\"></span>\u00f3w do sprawozdania z<span class=\"_ _2\"></span> wyniku jako ko<span class=\"_ _2\"></span>rekta z tytu\u0142u przeklasyfikow<span class=\"_ _2\"></span>ania, ze wzgl<span class=\"_ _2\"></span>\u0119du na realizacj\u0119 pozycj<span class=\"_ _2\"></span>i zabezpieczan<span class=\"_ _2\"></span>ej w okresieZabezpieczenie p<span class=\"_ _3\"></span>rzep\u0142yw\u00f3w pi<span class=\"_ _3\"></span>eni\u0119\u017cnych<span class=\"fc0\"> </span>Ryzyko towar<span class=\"_ _3\"></span>owe (mied\u017a)Opcje *800(525)(2 047)(1 903)Ryzyko towar<span class=\"_ _3\"></span>owe (srebro)Opcje *26114(11)(30)Ryzykowalutowe <span class=\"_ _3\"></span>(USD)Opcje *357(46)(260)(72)Po\u017cyczki **-(16)-(16)Ryzyko walut<span class=\"_ _3\"></span>owe i stopy proc<span class=\"_ _3\"></span>entowej CIRS ***5641(113)(43)Razem1 239(432)(2 431)(2 064)Pozycja w sp<span class=\"_ _2\"></span>rawozdaniu<span class=\"_ _2\"></span> z wyniku, kt\u00f3ra zawie<span class=\"_ _2\"></span>ra korekt\u0119 z tytu\u0142<span class=\"_ _2\"></span>u przeklasyfikowa<span class=\"_ _2\"></span>nia: * <span class=\"_ _14a\"> </span>przychod<span class=\"_ _2\"></span>y z um\u00f3w z klien<span class=\"_ _2\"></span>tami, pozosta\u0142e przych<span class=\"_ _2\"></span>ody i (koszty) o<span class=\"_ _2\"></span>peracyjne, **  <span class=\"_ _14b\"> </span>przychod<span class=\"_ _2\"></span>y z um\u00f3w z klien<span class=\"_ _2\"></span>tami, *** <span class=\"_ _65\"> </span>przychody<span class=\"_ _2\"></span> z um\u00f3w z klienta<span class=\"_ _2\"></span>mi, pozosta\u0142e przycho<span class=\"_ _2\"></span>dy i (koszty) fina<span class=\"_ _2\"></span>nsowe. Poni\u017csza <span class=\"_ _53\"></span>tabela <span class=\"_ _53\"></span>zawiera <span class=\"_ _2\"></span>informacje <span class=\"_ _53\"></span>dotycz\u0105ce <span class=\"_ _53\"></span>zmian <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>zosta\u0142ych <span class=\"_ _53\"></span>ca\u0142kow<span class=\"_ _3\"></span>itych <span class=\"_ _53\"></span>dochod\u00f3w <span class=\"_ _53\"></span>(bez <span class=\"_ _2\"></span>uwzgl\u0119dnienia <span class=\"_ _53\"></span>efektu <span class=\"_ _53\"></span>podatkoweg<span class=\"_ _3\"></span>o) <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>okresi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _53\"></span>ze stosowaniem <span class=\"_ _53\"></span>rachunk<span class=\"_ _3\"></span>owo\u015bci zabezpiecze\u0144 w <span class=\"_ _3\"></span>2021 i 20<span class=\"_ _3\"></span>22 r. 2022 2021<span class=\"ff2 fc0\"> </span>Pozosta\u0142e ca\u0142k<span class=\"_ _3\"></span>owite dochody z<span class=\"_ _3\"></span> tytu\u0142u zabezpieczeni<span class=\"_ _3\"></span>a przep\u0142yw\u00f3w pi<span class=\"_ _3\"></span>eni\u0119\u017cnychKwoty efektywne*Koszt zabezpiecze<span class=\"_ _2\"></span>nia**RazemKwoty efektywne*Koszt zabezpiecze<span class=\"_ _2\"></span>nia**RazemPozosta\u0142e ca\u0142kow<span class=\"_ _2\"></span>ite dochody \u2013 tra<span class=\"_ _2\"></span>nsakcje zabezpiecz<span class=\"_ _2\"></span>aj\u0105ce ryzyko zmian c<span class=\"_ _2\"></span>en towar\u00f3w i wal<span class=\"_ _2\"></span>utowe<span class=\"fc0\"> </span>\u2013 na 1 s<span class=\"_ _2\"></span>tycznia  <span class=\"_ _ca\"> </span>(1 178)(422) <span class=\"_ _143\"> </span>(1 600) <span class=\"_ _be\"> </span><span class=\"fc0\">(735)</span>(498) <span class=\"_ _cd\"> </span>(1 233)Wp\u0142yw wyceny tr<span class=\"_ _2\"></span>ansakcji zabezpiec<span class=\"_ _2\"></span>zaj\u0105cych (cz\u0119\u015b<span class=\"_ _2\"></span>\u0107 skuteczna) <span class=\"_ _13a\"> </span> <span class=\"_ _a5\"> </span>1 12<span class=\"_ _2\"></span>4115 <span class=\"_ _e2\"> </span>1 239(2 128)(303) <span class=\"_ _143\"> </span>(2 431)Reklasyfikacja do r<span class=\"_ _2\"></span>achunku wynik\u00f3w <span class=\"_ _2\"></span>w zwi\u0105zku z realizacj<span class=\"_ _2\"></span>\u0105 pozycji zabezpie<span class=\"_ _2\"></span>czanej  <span class=\"_ _75\"> </span>122310 <span class=\"_ _119\"> </span>4321 685379 <span class=\"_ _3b\"> </span>2 064Pozosta\u0142e ca\u0142kow<span class=\"_ _2\"></span>ite dochody \u2013 tra<span class=\"_ _2\"></span>nsakcje zabezpiecz<span class=\"_ _2\"></span>aj\u0105ce ryzyko zmian c<span class=\"_ _2\"></span>en towar\u00f3w i wal<span class=\"_ _2\"></span>utowe \u2013 na 31 grud<span class=\"_ _2\"></span>nia<span class=\"ff2 fc0\"> </span>683 <span class=\"_ _c9\"> </span>71(1 178)(422)<span class=\"ff2\"> <span class=\"_ _cd\"> </span></span>(1 600)* Cz\u0119\u015b\u0107 efektywn<span class=\"_ _2\"></span>ej zmiany w<span class=\"_ _2\"></span>arto\u015bci godziwe<span class=\"_ _2\"></span>j instrument\u00f3w z<span class=\"_ _2\"></span>abezpieczaj\u0105<span class=\"_ _2\"></span>cych z tytu\u0142u zabezp<span class=\"_ _2\"></span>ieczanego ryzyka - wart<span class=\"_ _2\"></span>o\u015b\u0107 wewn\u0119trzn<span class=\"_ _2\"></span>a opcji. **  Warto\u015b\u0107 czaso<span class=\"_ _2\"></span>wa opcji + mar\u017c<span class=\"_ _2\"></span>a CCBS Cross Curren<span class=\"_ _2\"></span>cy Basis Swap.Nota 7.5.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe Ryzyko <span class=\"_ _53\"></span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>rozumiane <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>mo\u017cliw<span class=\"_ _3\"></span>o\u015b\u0107 <span class=\"_ _53\"></span>niewywi\u0105zania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _53\"></span>d\u0142u\u017cnik\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>zobowi\u0105za\u0144<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>jest zwi\u0105zane z trz<span class=\"_ _3\"></span>ema g\u0142\u00f3wnymi obsza<span class=\"_ _3\"></span>rami: wiarygodno\u015bci\u0105 kred<span class=\"_ _3\"></span>ytow\u0105 klient\u00f3w, z<span class=\"_ _3\"></span> kt\u00f3rymi zawiera si\u0119 transa<span class=\"_ _3\"></span>kcje fizycznej sprz<span class=\"_ _3\"></span>eda\u017cy produkt\u00f3<span class=\"_ _3\"></span>w, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">wiarygodn<span class=\"_ _3\"></span>o\u015bci\u0105 <span class=\"_ _54\"> </span>kredytow\u0105 <span class=\"_ _5a\"> </span>instytucji <span class=\"_ _54\"> </span>finansowych <span class=\"_ _5a\"> </span>(bank\u00f3w/broker\u00f3w), <span class=\"_ _5a\"> </span>z kt\u00f3rymi <span class=\"_ _54\"> </span>zawiera <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>transakcje </span></span>zabezpieczaj\u0105ce <span class=\"_ _0\"></span>lub <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _0\"> </span>po\u015brednicz\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>zawieraniu, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>tak\u017ce <span class=\"_ _0\"></span>tych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _0\"></span>lokowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _0\"></span>wolne <span class=\"_ _1\"> </span>\u015brodki pieni\u0119\u017cne, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kondycj\u0105 finans<span class=\"_ _3\"></span>ow\u0105 sp\u00f3\u0142ek zale\u017c<span class=\"_ _3\"></span>nych \u2013 po\u017cyczkobi<span class=\"_ _3\"></span>orc\u00f3w. </span></span>W uj\u0119ciu szczeg<span class=\"_ _3\"></span>\u00f3\u0142owym \u017ar\u00f3d\u0142a ek<span class=\"_ _3\"></span>spozycji na ryzyko kredyt<span class=\"_ _3\"></span>owe stanowi\u0105:  \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">\u015brodki pieni\u0119\u017cn<span class=\"_ _3\"></span>e i lokaty bank<span class=\"_ _3\"></span>owe, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">instrumenty p<span class=\"_ _3\"></span>ochodne, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone p<span class=\"_ _3\"></span>o\u017cyczki (Nota 6.2),<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone gwa<span class=\"_ _3\"></span>rancje i por\u0119czeni<span class=\"_ _3\"></span>a (Nota 8.6), </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">pozosta\u0142e akt<span class=\"_ _3\"></span>ywa finansowe. </span></span>Nota 7.5.2.1 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane ze \u015brodkami pi<span class=\"_ _3\"></span>eni\u0119\u017cnymi i lokatami <span class=\"_ _3\"></span>bankowymi Grupa  Kapita\u0142owa <span class=\"_ _74\"> </span>alokuje  okresowo  woln<span class=\"_ _3\"></span>e  \u015brodki  pieni<span class=\"_ _3\"></span>\u0119\u017cne  zgodnie  z <span class=\"_ _74\"> </span>wymogami  zachowania <span class=\"_ _74\"> </span>p\u0142<span class=\"_ _2\"></span>ynno\u015bci  finans<span class=\"_ _3\"></span>owej i ograniczoneg<span class=\"_ _3\"></span>o ryzyka oraz w celu <span class=\"_ _3\"></span>ochrony kapita\u0142u i maksyma<span class=\"_ _3\"></span>lizacji przychod\u00f3w <span class=\"_ _3\"></span>odsetkowych. Wed\u0142ug  stanu  na <span class=\"_ _74\"> </span>31 grudnia  2022 <span class=\"_ _74\"> </span>r.  \u0142\u0105czna  kwota  \u015brodk\u00f3w  p<span class=\"_ _3\"></span>ieni\u0119\u017cnych  w  ram<span class=\"_ _3\"></span>ach  wolnych  \u015brodk<span class=\"_ _3\"></span>\u00f3w  oraz  \u015brodk\u00f3w o ograniczonej mo\u017cliwo\u015bci <span class=\"_ _2\"></span>dysponowania w <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>soko\u015bci 1 195 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>utrzymywana <span class=\"_ _2\"></span>by\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach bankowych <span class=\"_ _2\"></span>oraz lokatach kr\u00f3tkotermin<span class=\"_ _3\"></span>owych (na 31 <span class=\"_ _3\"></span>grudnia 2021 r<span class=\"_ _3\"></span>. \u0142\u0105cznie 1 904 mln PLN). Wszystkie <span class=\"_ _2\"></span>podmioty, kt\u00f3rym <span class=\"_ _2\"></span>Grupa powierza <span class=\"_ _2\"></span>\u015brodki <span class=\"_ _2\"></span>pieni\u0119\u017cne, dzia\u0142aj\u0105 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>ktorz<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>finansowym. <span class=\"_ _2\"></span>Analiza ekspozycji <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ten rodzaj <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>wykaza\u0142a, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>wy\u0142\u0105cznie <span class=\"_ _2\"></span>banki <span class=\"_ _2\"></span>posiadaj\u0105ce <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>ziomie najwy\u017cszym, <span class=\"_ _2\"></span>\u015bredniowysokim <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>\u015brednim, a tak\u017ce <span class=\"_ _0\"> </span>dysponuj\u0105ce <span class=\"_ _1\"> </span>odpowiednim <span class=\"_ _0\"></span>kapita\u0142em <span class=\"_ _1\"> </span>w\u0142asnym <span class=\"_ _1\"> </span>oraz <span class=\"_ _0\"></span>siln\u0105 <span class=\"_ _1\"> </span>i ustabilizowan\u0105 <span class=\"_ _0\"></span>pozycj\u0105 <span class=\"_ _1\"> </span>rynkow\u0105. <span class=\"_ _1\"> </span>Ryzyko <span class=\"_ _0\"></span>kredytowe z tego <span class=\"_ _57\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>jest <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>przez <span class=\"_ _57\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _57\"> </span>weryfikacj\u0119 <span class=\"_ _57\"> </span>kondycji <span class=\"_ _59\"> </span>finan<span class=\"_ _3\"></span>sowej <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>utrzymywanie <span class=\"_ _57\"> </span>odpowiedni<span class=\"_ _3\"></span>o niskiego poziomu <span class=\"_ _3\"></span>koncentracji w <span class=\"_ _3\"></span>poszczeg\u00f3lnych instytucjac<span class=\"_ _3\"></span>h finansowych.<span class=\"_ _3\"></span> W <span class=\"_ _53\"></span>tabeli <span class=\"_ _0\"></span>poni\u017cej <span class=\"_ _53\"></span>zaprezent<span class=\"_ _3\"></span>owano <span class=\"_ _53\"></span>poziom <span class=\"_ _0\"></span>kon<span class=\"_ _3\"></span>centracji <span class=\"_ _53\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokat <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwzgl\u0119dnieniem <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej instytucji finans<span class=\"_ _3\"></span>owych*.  Poziom ratingu<span class=\"_ _3\"></span> Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Najwy\u017cszy <span class=\"_ _13c\"> </span>AAA do AA<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od <span class=\"_ _3\"></span>Aaa do Aa3 wg <span class=\"_ _3\"></span>Moody\u2019s 10%<span class=\"_ _192\"> </span>22%<span class=\"_ _192\"> </span>\u015aredniowysoki od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> 73%<span class=\"_ _192\"> </span>53%<span class=\"_ _192\"> </span>\u015aredni  <span class=\"_ _77\"> </span>od BBB+ do BBB<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od Baa<span class=\"_ _3\"></span>1 do Baa3 wg Moody<span class=\"_ _3\"></span>\u2019s 17%<span class=\"_ _192\"> </span>25%<span class=\"_ _192\"> </span>* Wa\u017cone kwot<span class=\"_ _2\"></span>\u0105 \u015brodk\u00f3w p<span class=\"_ _2\"></span>ieni\u0119\u017cnych<span class=\"_ _2\"></span> zdeponowan<span class=\"_ _2\"></span>ych na rachun<span class=\"_ _2\"></span>kach bie\u017c\u0105cych i l<span class=\"_ _2\"></span>okatach.<span class=\"_ _192\"> </span>Zasady rachunk<span class=\"_ _2\"></span>owo\u015bci Grupa <span class=\"_ _59\"> </span>ujmuje <span class=\"_ _57\"> </span>odpis <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>czekiwanych <span class=\"_ _57\"> </span>strat <span class=\"_ _59\"> </span>kredytowych <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>sk\u0142adnikach <span class=\"_ _59\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>finansowych <span class=\"_ _59\"> </span>wycenian<span class=\"_ _3\"></span>ych w zamortyzowanym <span class=\"_ _146\"> </span>koszcie. <span class=\"_ _59\"> </span>Ocz<span class=\"_ _3\"></span>ekiwane <span class=\"_ _57\"> </span>straty <span class=\"_ _59\"> </span>kredytowe <span class=\"_ _57\"> </span>s\u0105 <span class=\"_ _57\"> </span>to <span class=\"_ _59\"> </span>straty <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _146\"> </span>wa\u017cone<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>prawdopodobie\u0144stw<span class=\"_ _3\"></span>em wyst\u0105pienia <span class=\"_ _59\"> </span>niewykonania <span class=\"_ _59\"> </span>zob<span class=\"_ _3\"></span>owi\u0105zania. <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>stosuje <span class=\"_ _59\"> </span>nast\u0119puj\u0105ce <span class=\"_ _59\"> </span>modele <span class=\"_ _59\"> </span>wyznaczania <span class=\"_ _57\"> </span>odpis\u00f3w <span class=\"_ _59\"> </span>z tytu\u0142u <span class=\"_ _59\"> </span>utraty warto\u015bci: - model uproszczon<span class=\"_ _3\"></span>y \u2013 dla nale\u017cno\u015bci <span class=\"_ _3\"></span>od odbiorc\u00f3w, - model og\u00f3lny (p<span class=\"_ _3\"></span>odstawowy) \u2013 dla pozosta\u0142<span class=\"_ _3\"></span>ych aktyw\u00f3w finans<span class=\"_ _3\"></span>owych. W <span class=\"_ _53\"></span>modelu <span class=\"_ _53\"></span>og\u00f3lnym <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>monitoruje <span class=\"_ _2\"></span>zmiany <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _2\"></span>kredy<span class=\"_ _2\"></span>towego <span class=\"_ _2\"></span>zwi\u0105zanego <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>danym <span class=\"_ _53\"></span>sk\u0142adnikiem <span class=\"_ _53\"></span>aktyw\u00f3w<span class=\"_ _3\"></span> finansowych oraz klasyfikuj<span class=\"_ _3\"></span>e aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis<span class=\"_ _3\"></span>\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>  obserwacj\u0119  zmiany  po<span class=\"_ _2\"></span>ziomu  ryzyka  kredytowego  w <span class=\"_ _57\"> </span>stosunku  do <span class=\"_ _146\"> </span>poc<span class=\"_ _2\"></span>z\u0105tkow<span class=\"_ _3\"></span>ego <span class=\"_ _146\"> </span>uj\u0119cia  inst<span class=\"_ _2\"></span>rumentu.<span class=\"_ _3\"></span> W szczeg\u00f3lno\u015bci, <span class=\"_ _62\"> </span>monit<span class=\"_ _3\"></span>orowaniu <span class=\"_ _62\"> </span>podlega: <span class=\"_ _62\"> </span>rating <span class=\"_ _62\"> </span>kredytowy <span class=\"_ _62\"> </span>oraz <span class=\"_ _62\"> </span>sytuacja <span class=\"_ _62\"> </span>finansowa <span class=\"_ _62\"> </span>kontrahenta <span class=\"_ _62\"> </span>i <span class=\"_ _62\"> </span>okres przeterminowania <span class=\"_ _2\"></span>p\u0142atno\u015bci. <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>zale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>zaklasyfikowania <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>oszczeg\u00f3lnych <span class=\"_ _53\"></span>stopni, <span class=\"_ _53\"></span>odpis <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci jest <span class=\"_ _74\"> </span>szacowany <span class=\"_ _1\"> </span>w horyzoncie <span class=\"_ _1\"> </span>12-miesi\u0119cy <span class=\"_ _74\"> </span>(stopie\u0144 <span class=\"_ _1\"> </span>1) <span class=\"_ _74\"> </span>lub <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>horyzoncie <span class=\"_ _74\"> </span>\u017cycia <span class=\"_ _74\"> </span>instrumentu <span class=\"_ _1\"> </span>(stopie\u0144 <span class=\"_ _74\"> </span>2 <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>stopie\u0144 <span class=\"_ _74\"> </span>3). Bezwzgl\u0119dn\u0105 <span class=\"_ _74\"> </span>przes\u0142ank\u0105 <span class=\"_ _58\"> </span>na <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kre\u015blenie <span class=\"_ _74\"> </span>wyst\u0105pienia <span class=\"_ _74\"> </span>stanu  niew<span class=\"_ _3\"></span>yp\u0142acalno\u015bci  (d<span class=\"_ _3\"></span>efault)  j<span class=\"_ _3\"></span>est  pr<span class=\"_ _3\"></span>zeterminowanie <span class=\"_ _58\"> </span>p\u0142atno\u015bc<span class=\"_ _3\"></span>i o ponad 90 dni. <span class=\"_ _3\"></span> W <span class=\"_ _0\"></span>modelu <span class=\"_ _0\"></span>uproszczonym <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>monitoruje <span class=\"_ _0\"></span>zmian <span class=\"_ _0\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"> </span>kredytowego <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>rakcie <span class=\"_ _0\"></span>\u017cycia <span class=\"_ _0\"></span>instrumentu <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz<span class=\"_ _3\"></span> szacuje <span class=\"_ _2\"></span>oczekiwan\u0105 <span class=\"_ _53\"></span>strat\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>horyzoncie <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>terminu <span class=\"_ _53\"></span>zapad<span class=\"_ _3\"></span>alno\u015bci <span class=\"_ _53\"></span>instrumentu <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>historyczne <span class=\"_ _2\"></span>dane dotycz\u0105ce sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci nale\u017cno\u015bci od odb<span class=\"_ _3\"></span>iorc\u00f3w.<span class=\"_ _192\"> </span>Poziom <span class=\"_ _54\"> </span>ryz<span class=\"_ _3\"></span>yka <span class=\"_ _54\"> </span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _54\"> </span>instytucji <span class=\"_ _5a\"> </span>finansowej <span class=\"_ _5a\"> </span>wynikaj\u0105cego <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>utrzymywania <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>niej <span class=\"_ _54\"> </span>\u015b<span class=\"_ _3\"></span>rodk\u00f3w <span class=\"_ _54\"> </span>pieni\u0119\u017cny<span class=\"_ _3\"></span>ch <span class=\"_ _54\"> </span>na rachunkach <span class=\"_ _1\"> </span>bankowych <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>zdeponowanych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>lokacie, <span class=\"_ _1\"> </span>maj\u0105c <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>uwadze <span class=\"_ _74\"> </span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>tych <span class=\"_ _1\"> </span>instrument\u00f3w, <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>na poziomie niemal\u017ce j<span class=\"_ _3\"></span>ednakowym, <span class=\"_ _3\"></span>st\u0105d zaprezentowano \u0142\u0105czni<span class=\"_ _3\"></span>e. Wed\u0142ug <span class=\"_ _1\"> </span>stanu <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"> </span>20<span class=\"_ _2\"></span>22 <span class=\"_ _0\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>maksymalny <span class=\"_ _0\"></span>udzia\u0142 <span class=\"_ _1\"> </span>jednego <span class=\"_ _1\"> </span>podmiotu <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>kwoc<span class=\"_ _2\"></span>ie <span class=\"_ _0\"> </span>nara\u017conej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"> </span>ryzyko<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>kredy<span class=\"_ _2\"></span>towe zwi\u0105zane <span class=\"_ _53\"></span>ze <span class=\"_ _0\"></span>\u015br<span class=\"_ _3\"></span>odkami <span class=\"_ _0\"></span>pieni<span class=\"_ _3\"></span>\u0119\u017cnymi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokatami <span class=\"_ _53\"></span>bankowymi <span class=\"_ _53\"></span>wyni\u00f3s\u0142 <span class=\"_ _53\"></span>30%, <span class=\"_ _53\"></span>tj. <span class=\"_ _0\"></span>354 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 r. 41%, tj. 778<span class=\"_ _3\"></span> mln PLN). Stan na 31.12.2022 Stan na 31.12.2021<span class=\"ff2\"> </span>Kontrahent 1 354 778 Kontrahent 2 335 322 Kontrahent 3 105 259 Kontrahent 4 76 156 Kontrahent 5 73 121 Pozostali 252 268 Razem 1 195 1 904 Odpisy <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>utraty <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _59\"> </span>\u015bro<span class=\"_ _2\"></span>dk\u00f3w <span class=\"_ _59\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017cnych <span class=\"_ _59\"> </span>i <span class=\"_ _5a\"> </span>ekwiwalent\u00f3w <span class=\"_ _5a\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidual<span class=\"_ _3\"></span>nie <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _5a\"> </span>salda dotycz\u0105cego <span class=\"_ _59\"> </span>danej <span class=\"_ _59\"> </span>i<span class=\"_ _3\"></span>nstytucji <span class=\"_ _59\"> </span>finansow<span class=\"_ _3\"></span>ej. <span class=\"_ _59\"> </span>Do <span class=\"_ _59\"> </span>oceny <span class=\"_ _59\"> </span>ryzyka <span class=\"_ _57\"> </span>kredytowego <span class=\"_ _59\"> </span>u\u017cyto <span class=\"_ _57\"> </span>zewn\u0119trzne <span class=\"_ _59\"> </span>ratingi <span class=\"_ _59\"> </span>bank\u00f3w. <span class=\"_ _57\"> </span>Analiza wykaza\u0142a, <span class=\"_ _57\"> </span>i\u017c <span class=\"_ _59\"> </span>aktywa <span class=\"_ _57\"> </span>te <span class=\"_ _59\"> </span>maj\u0105 <span class=\"_ _57\"> </span>niskie <span class=\"_ _59\"> </span>ryz<span class=\"_ _3\"></span>yko <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>spraw<span class=\"_ _3\"></span>ozdawczy. <span class=\"_ _57\"> </span>Grupa <span class=\"_ _59\"> </span>skor<span class=\"_ _3\"></span>zysta\u0142a <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>uproszczenia dozwolonego <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>standard <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>odpis <span class=\"_ _0\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>dstawi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>12-miesi\u0119cznych <span class=\"_ _53\"></span>strat <span class=\"_ _53\"></span>kredytowych<span class=\"_ _3\"></span>. Kalkulacja o<span class=\"_ _2\"></span>dpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 kwo<span class=\"_ _2\"></span>t\u0119 <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci. <span class=\"_ _2\"></span>Aktywa <span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>zaliczone <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>Stopnia <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>modelu utraty warto\u015bci.<span class=\"_ _192\"> </span>Nota 7.5.2.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z transakcjami w<span class=\"_ _3\"></span> instrumentach poch<span class=\"_ _3\"></span>odnych Wszystkie <span class=\"_ _54\"> </span>p<span class=\"_ _3\"></span>odmioty, <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>kt\u00f3rymi <span class=\"_ _5a\"> </span>Grupa <span class=\"_ _54\"> </span>Kapita\u0142owa <span class=\"_ _5a\"> </span>zawiera <span class=\"_ _54\"> </span>transak<span class=\"_ _3\"></span>cje <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>instrum<span class=\"_ _3\"></span>entach <span class=\"_ _54\"> </span>poch<span class=\"_ _3\"></span>odnych <span class=\"_ _54\"> </span>(z wyj\u0105<span class=\"_ _3\"></span>tkiem wbudowanych ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych), dzia\u0142aj\u0105 w sekt<span class=\"_ _3\"></span>orze finansowym. Ekspozycj\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>zwi\u0105zan\u0105 <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>instrumentami <span class=\"_ _2\"></span>pochodnymi <span class=\"_ _2\"></span>z podzia\u0142em <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>g\u0142\u00f3wnych <span class=\"_ _53\"></span>kontrahent<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _53\"></span>prezentu<span class=\"_ _3\"></span>je poni\u017csza tabela.<span class=\"_ _192\"> </span>3<span class=\"_ _192\"> </span>Stan na 31.1<span class=\"_ _3\"></span>2.2022 Stan na 31.1<span class=\"_ _3\"></span>2.2021 Nale\u017cno\u015bcifinansoweZobowi\u0105zaniafinansoweWarto\u015b\u0107 godziwaEkspozycja  na ryzyko kredytoweNale\u017cno\u015bcifinansoweZobowi\u0105zaniafinansoweWarto\u015b\u0107 godziwaEkspozycja  na ryzyko kredytoweKontrahent 1<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>260(250)10260227<span class=\"_ _192\"> </span>(195)<span class=\"_ _192\"> </span>32<span class=\"_ _192\"> </span>227<span class=\"_ _192\"> </span>Kontrahent 2<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>226(172)54226162<span class=\"_ _192\"> </span>(112)<span class=\"_ _192\"> </span>50<span class=\"_ _192\"> </span>162<span class=\"_ _192\"> </span>Kontrahent 3<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>154(33)121154113<span class=\"_ _192\"> </span>(437)<span class=\"_ _192\"> </span>(324)<span class=\"_ _192\"> </span>113<span class=\"_ _192\"> </span>Kontrahent 4<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>120(53)6712078<span class=\"_ _192\"> </span>(57)<span class=\"_ _192\"> </span>21<span class=\"_ _192\"> </span>78<span class=\"_ _192\"> </span>Pozostali <span class=\"_ _de\"> </span> <span class=\"_ _114\"> </span>787(636)151787279(1 360)(1 081)279Razem <span class=\"_ _14d\"> </span> <span class=\"_ _2a\"> </span><span class=\"fc0\">1 547</span>(1 144)4031 547859(2 161)(1 302)859Otwarte  instrument<span class=\"_ _3\"></span>y  pochodne*<span class=\"_ _3\"></span><span class=\"ff1 fc2\"> </span> <span class=\"_ _2a\"> </span><span class=\"ff2 fc0\">1 510</span>(1 110)400849(2 002)(1 153)Rozliczone  instrumenty <span class=\"_ _3\"></span> pochodne <span class=\"_ _3\"></span>netto<span class=\"ff1 fc2\"> </span> <span class=\"_ _92\"> </span><span class=\"ff2 fc0\">37</span>(34)310(159)(149)* Z wy\u0142\u0105cze<span class=\"_ _2\"></span>niem wbud<span class=\"_ _2\"></span>owanych instru<span class=\"_ _2\"></span>ment\u00f3w pocho<span class=\"_ _2\"></span>dnych<span class=\"_ _192\"> </span>Bior\u0105c  pod  uwag\u0119  nale\u017cno\u015bci  z  tytu\u0142u  otwartych  tran<span class=\"_ _3\"></span>sakcji  w  instrumentach  pochodnych  posiada<span class=\"_ _3\"></span>nych  przez  Grup\u0119 (z wy\u0142\u0105czeniem <span class=\"_ _1\"> </span>wbud<span class=\"_ _3\"></span>owanych <span class=\"_ _1\"> </span>instrument\u00f3w <span class=\"_ _0\"></span>pochodnych) <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"> </span>r. <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>netto<span class=\"_ _192\"> </span>4 <span class=\"_ _1\"> </span>z tytu\u0142u rozliczonych <span class=\"_ _2\"></span>instrumen<span class=\"_ _3\"></span>t\u00f3w <span class=\"_ _2\"></span>pochodnych, maksymalny <span class=\"_ _2\"></span>udzia\u0142 je<span class=\"_ _2\"></span>dn<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>podmiotu <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kwocie <span class=\"_ _2\"></span>nara\u017con<span class=\"_ _3\"></span>ej <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ryzyko <span class=\"_ _2\"></span>kredytowe wynikaj\u0105ce z tych tran<span class=\"_ _3\"></span>sakcji wyni\u00f3s\u0142 1<span class=\"_ _3\"></span>7%, tj. 260 mln <span class=\"_ _3\"></span>PLN (wed\u0142ug stanu na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia 202<span class=\"_ _3\"></span>1 r. 26%, tj. 227 <span class=\"_ _3\"></span>mln PLN).<span class=\"_ _192\"> </span>W  celu <span class=\"_ _74\"> </span>ograniczenia  prz<span class=\"_ _3\"></span>ep\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119<span class=\"_ _2\"></span>\u017cnych <span class=\"_ _74\"> </span>i jednocze\u015bnie <span class=\"_ _74\"> </span>ograniczenia  ryzyka <span class=\"_ _74\"> </span>kredytowego <span class=\"_ _74\"> </span>Je<span class=\"_ _2\"></span>dnostka <span class=\"_ _74\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105ca<span class=\"_ _3\"></span> dokonuje <span class=\"_ _2\"></span>rozlicze\u0144 <span class=\"_ _2\"></span>netto <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>zawartych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>kontrahentami <span class=\"_ _2\"></span>standardowych <span class=\"_ _53\"></span>porozumie\u0144<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>ramowych <span class=\"_ _53\"></span>reguluj\u0105cych obr\u00f3t <span class=\"_ _1\"> </span>instrumentami <span class=\"_ _0\"></span>finansowymi, <span class=\"_ _0\"></span>tj. <span class=\"_ _1\"> </span>ISDA <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>opartych <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>wz\u00f3r <span class=\"_ _0\"> </span>ZBP). <span class=\"_ _1\"> </span>Ponadto <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>z tego <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _0\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"> </span>na bie\u017c\u0105co <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _59\"> </span>poprzez<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>analiz\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>kredytowyc<span class=\"_ _3\"></span>h <span class=\"_ _59\"> </span>oraz <span class=\"_ _57\"> </span>ograniczane <span class=\"_ _59\"> </span>poprzez <span class=\"_ _57\"> </span>d\u0105\u017cenie <span class=\"_ _59\"> </span>d<span class=\"_ _3\"></span>o dywersyfikacji podmiotowej przy <span class=\"_ _3\"></span>wdra\u017caniu stra<span class=\"_ _3\"></span>tegii zabezpieczaj\u0105cych.<span class=\"_ _3\"></span> 3 Nie dot<span class=\"_ _2\"></span>yczy wbudow<span class=\"_ _2\"></span>anych instrumen<span class=\"_ _2\"></span>t\u00f3w pocho<span class=\"_ _2\"></span>dnych. 4 Jednostka <span class=\"_ _0\"> </span>Domi<span class=\"_ _2\"></span>nuj\u0105ca <span class=\"_ _0\"> </span>kompensu<span class=\"_ _2\"></span>je <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _0\"> </span>rozliczonych <span class=\"_ _0\"> </span>in<span class=\"_ _2\"></span>strument\u00f3w <span class=\"_ _0\"> </span>pocho<span class=\"_ _2\"></span>dnych, <span class=\"_ _0\"> </span>dla <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>ko\u0144cz\u0105cy okres <span class=\"_ _1\"> </span>sprawozd<span class=\"_ _2\"></span>awczy <span class=\"_ _1\"> </span>znany <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzysz\u0142y <span class=\"_ _1\"> </span>przep\u0142yw, <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>zas<span class=\"_ _2\"></span>adami <span class=\"_ _1\"> </span>nettowania<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142yw\u00f3w <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>ro<span class=\"_ _2\"></span>zlicze\u0144 <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzyj\u0119tymi <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>umowach <span class=\"_ _1\"> </span>ramowych  z poszcze<span class=\"_ _2\"></span>g\u00f3lnymi kontr<span class=\"_ _2\"></span>ahentami.<span class=\"_ _192\"> </span>Pomimo <span class=\"_ _5e\"> </span>koncentracji <span class=\"_ _5e\"> </span>ryzyka <span class=\"_ _5e\"> </span>kredytowego <span class=\"_ _67\"> </span>zwi\u0105<span class=\"_ _3\"></span>zanego <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>transakcjami <span class=\"_ _55\"> </span>w <span class=\"_ _67\"> </span>instrumentach <span class=\"_ _5e\"> </span>pochodnych <span class=\"_ _5e\"> </span>Jednostka Dominuj\u0105ca <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>cenia, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _58\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>wsp\u00f3\u0142prac\u0119  w<span class=\"_ _3\"></span>y\u0142\u0105cznie <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>re<span class=\"_ _2\"></span>nomowanymi <span class=\"_ _1\"> </span>instytucjami <span class=\"_ _74\"> </span>finansowymi, <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>r\u00f3wnie\u017c bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g ich ratingu, nie jes<span class=\"_ _3\"></span>t znacz\u0105co nara\u017cona na <span class=\"_ _3\"></span>ryzyko kredyt<span class=\"_ _3\"></span>owe wynikaj\u0105ce z z<span class=\"_ _3\"></span>awartych z nimi transakcji. <span class=\"_ _3\"></span> W <span class=\"_ _57\"> </span>tabeli <span class=\"_ _59\"> </span>poni\u017cej <span class=\"_ _146\"> </span>zaprezentowano <span class=\"_ _57\"> </span>struktur\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>ins<span class=\"_ _3\"></span>tytucji <span class=\"_ _57\"> </span>finansowych, <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>kt\u00f3rymi <span class=\"_ _146\"> </span>Grupy <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>siada\u0142a <span class=\"_ _146\"> </span>t<span class=\"_ _2\"></span>ransakcje<span class=\"_ _3\"></span> w instrumentach po<span class=\"_ _3\"></span>chodnych, sta<span class=\"_ _3\"></span>nowi\u0105ce ekspozycj\u0119 na r<span class=\"_ _3\"></span>yzyko kredytow<span class=\"_ _3\"></span>e. Poziom ratingu<span class=\"_ _3\"></span> Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021 \u015aredni<span class=\"_ _2\"></span>owysoki    od A+ do A<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od A1 <span class=\"_ _3\"></span>do A3 wg Moody\u2019s<span class=\"_ _3\"></span> <span class=\"_ _132\"> </span> <span class=\"_ _d4\"> </span>8<span class=\"_ _3\"></span>4%<span class=\"_ _192\"> </span>98%<span class=\"_ _192\"> </span>\u015aredni<span class=\"_ _2\"></span>  od BBB+ do BB<span class=\"_ _3\"></span>B- wg S&amp;P i Fitch oraz <span class=\"_ _3\"></span>od Baa1 do Baa3 <span class=\"_ _3\"></span>wg Moody\u2019s 16%<span class=\"_ _192\"> </span>2%<span class=\"_ _192\"> </span>Nota 7.5.2.3 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z nale\u017cno\u015bciami od <span class=\"_ _3\"></span>odbiorc\u00f3w<span class=\"fc0\"> </span>Znacz\u0105ce <span class=\"_ _53\"></span>salda <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>dostaw <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>Grupie <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>wyst\u0119powa\u0142y <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sp\u00f3\u0142kach: KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _53\"></span>517 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>KGHM INTERNATI<span class=\"_ _3\"></span>ONAL <span class=\"_ _0\"></span>LTD. <span class=\"_ _53\"></span>364 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _53\"></span>CENTROZ\u0141OM <span class=\"_ _53\"></span>WROC\u0141AW <span class=\"_ _53\"></span>S.A. 67 mln  PLN,  WPEC  w Legnicy<span class=\"_ _2\"></span>  S.A.  49  mln <span class=\"_ _146\"> </span>PLN<span class=\"_ _2\"></span>,  NITROERG  S<span class=\"_ _2\"></span>.A.  39  mln  PLN, <span class=\"_ _146\"> </span>M<span class=\"_ _2\"></span>etraco  S.A. <span class=\"_ _146\"> </span>28  mln  PLN<span class=\"_ _2\"></span>,  \u201eMCZ\u201d  S.A.  24 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>WMN <span class=\"_ _0\"></span>\"\u0141ab\u0119dy\" <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"> </span>19 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN, <span class=\"_ _1\"> </span>Energ<span class=\"_ _3\"></span>etyka <span class=\"_ _0\"></span>Sp. <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>o.o. <span class=\"_ _0\"> </span>11 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(na <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r.: <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>Polska<span class=\"_ _3\"></span> Mied\u017a S.A. <span class=\"_ _0\"> </span>537 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"> </span>KG<span class=\"_ _2\"></span>HM INTER<span class=\"_ _3\"></span>NATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _0\"></span>219 <span class=\"_ _0\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _1\"> </span>CENTROZ\u0141OM <span class=\"_ _0\"> </span>WROC\u0141AW <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>A. <span class=\"_ _0\"> </span>88 mln <span class=\"_ _1\"> </span>PLN, WPEC  w Legnicy  S.A.  39  mln  PLN,  NITROERG  S.A.  37  mln  PLN,  \u201eMCZ\u201d  S.A.  22  mln<span class=\"_ _3\"></span>  PLN,  Metraco  S.<span class=\"_ _2\"></span>A.  14  mln  PLN, WMN \"\u0141ab\u0119dy\" S.A<span class=\"_ _3\"></span>. 12 mln PLN). Ca\u0142kowita <span class=\"_ _0\"> </span>warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _0\"></span>netto <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>handlowych <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>uwzgl\u0119dnienia <span class=\"_ _0\"></span>warto\u015bci godziwej <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>zabezpiecze<span class=\"_ _3\"></span>\u0144, <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>wysoko\u015bci <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>Grupa <span class=\"_ _0\"></span>Kapita\u0142owa <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _0\"></span>by\u0107 <span class=\"_ _53\"></span>wystawiona <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>ryzyko <span class=\"_ _53\"></span>kredytowe, wynosi 1 178<span class=\"_ _3\"></span> mln PLN (wed\u0142ug stanu <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>021 r. 1 026 mln PLN).  Jednostka Dominuj\u0105ca ogranicza ekspozycj\u0119 na <span class=\"_ _2\"></span>ryzyko kredytowe zwi\u0105zane z <span class=\"_ _2\"></span>nale\u017cno\u015bciami od <span class=\"_ _2\"></span>odbiorc\u00f3w poprzez ocen\u0119 i monitoring <span class=\"_ _53\"></span>kondycji <span class=\"_ _53\"></span>finansowej <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>ustalanie <span class=\"_ _53\"></span>limit\u00f3w <span class=\"_ _53\"></span>kredytowych, <span class=\"_ _53\"></span>stosowanie <span class=\"_ _53\"></span>zabezpiecze\u0144 <span class=\"_ _53\"></span>wierzytelno\u015bci<span class=\"_ _3\"></span> oraz <span class=\"_ _1\"> </span>faktoringu <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>regresu. <span class=\"_ _0\"> </span>Warunki <span class=\"_ _1\"> </span>zawartych <span class=\"_ _1\"> </span>um\u00f3w <span class=\"_ _1\"> </span>faktoringowych <span class=\"_ _0\"> </span>spe\u0142niaj\u0105 <span class=\"_ _1\"> </span>kryteria <span class=\"_ _1\"> </span>usuni\u0119cia <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>ksi\u0105g w momencie i<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>nabycia przez <span class=\"_ _2\"></span>faktora. N<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>nale\u017cno\u015bci oddanych <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>faktoringu, za <span class=\"_ _2\"></span>kt\u00f3<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> nie <span class=\"_ _53\"></span>otrzyman<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>p\u0142atno\u015bci <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>faktor\u00f3w <span class=\"_ _53\"></span>wynios\u0142a <span class=\"_ _2\"></span>4 <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PLN<span class=\"_ _2\"></span> <span class=\"_ _53\"></span> <span class=\"_ _2\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _2\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>17 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN). <span class=\"_ _53\"></span>Informacja<span class=\"_ _3\"></span> o warto\u015bci przych<span class=\"_ _3\"></span>od\u00f3w ze sprzeda\u017cy obj<span class=\"_ _3\"></span>\u0119tych faktoringiem w ok<span class=\"_ _3\"></span>resie obrotowym prez<span class=\"_ _3\"></span>entowana jest w <span class=\"_ _3\"></span>Nocie 2.4. Nieod\u0142\u0105cznym <span class=\"_ _146\"> </span>e<span class=\"_ _2\"></span>lementem <span class=\"_ _57\"> </span>procesu <span class=\"_ _146\"> </span>zarz\u0105dzania <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>kredytowym <span class=\"_ _59\"> </span>real<span class=\"_ _3\"></span>izowanego <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>Jednostce <span class=\"_ _57\"> </span>Dominuj\u0105cej <span class=\"_ _57\"> </span>jest bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g stanu nale\u017cno\u015bci oraz<span class=\"_ _3\"></span> wewn\u0119trzny system <span class=\"_ _3\"></span>raportowania.  Kredyt <span class=\"_ _0\"></span>kupiecki <span class=\"_ _0\"></span>otrzymuj\u0105 <span class=\"_ _0\"></span>sprawdzeni <span class=\"_ _0\"></span>kontrahenci. <span class=\"_ _53\"></span>W <span class=\"_ _1\"> </span>przypadku <span class=\"_ _53\"></span>no<span class=\"_ _2\"></span>wych <span class=\"_ _0\"></span>klient\u00f3w <span class=\"_ _0\"></span>d\u0105\u017cy <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>aby <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _0\"></span>dokonywana by\u0142a  na  podstawie  przedp<span class=\"_ _3\"></span>\u0142at  lub  instrument\u00f3w  finanso<span class=\"_ _3\"></span>wania  handlu  przen<span class=\"_ _3\"></span>osz\u0105cych  ryzyko  kr<span class=\"_ _3\"></span>edytowe  na  instytucje finansowe. Jednostka Dominu<span class=\"_ _3\"></span>j\u0105ca posiada nast\u0119puj\u0105ce f<span class=\"_ _3\"></span>ormy zabezpiecz<span class=\"_ _3\"></span>enia nale\u017cno\u015bci: <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastawy <span class=\"_ _0\"></span>rejestrowe, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _53\"></span>bankowe, <span class=\"_ _0\"></span>weksle, <span class=\"_ _0\"></span>akty <span class=\"_ _0\"></span>notarialne <span class=\"_ _0\"></span>poddania<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>egzekucji, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _0\"></span>korporac<span class=\"_ _3\"></span>yjne, </span></span>cesje nale\u017cno\u015bci, hip<span class=\"_ _3\"></span>oteki i inkasa <span class=\"_ _3\"></span>dokumentowe; \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastrze\u017cenie przeniesienia pr<span class=\"_ _3\"></span>awa w\u0142asno\u015bci wyrob\u00f3w <span class=\"_ _3\"></span>na kontrahenta d<span class=\"_ _3\"></span>opiero po dokonaniu za<span class=\"_ _3\"></span>p\u0142aty;  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">umow\u0119 <span class=\"_ _0\"></span>ubezpieczenia <span class=\"_ _0\"></span>nale\u017cno\u015bci, <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>r\u0105 <span class=\"_ _0\"></span>obj\u0119te <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>jednostek <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>kredytem <span class=\"_ _0\"></span>kupieckim, <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>nie </span></span>otrzymano twardych <span class=\"_ _3\"></span>zabezpiecze\u0144 lub <span class=\"_ _3\"></span>otrzymano zabezpiecz<span class=\"_ _3\"></span>enia niepokrywaj\u0105ce ca<span class=\"_ _3\"></span>\u0142o\u015bci salda na<span class=\"_ _3\"></span>le\u017cno\u015bci.  Uwzgl\u0119dniaj\u0105c <span class=\"_ _55\"> </span>posiadane <span class=\"_ _55\"> </span>wy\u017cej <span class=\"_ _55\"> </span>wymienione <span class=\"_ _55\"> </span>formy <span class=\"_ _55\"> </span>zabezpiecze\u0144 <span class=\"_ _55\"> </span>oraz <span class=\"_ _55\"> </span>limity <span class=\"_ _55\"> </span>kredytowe <span class=\"_ _55\"> </span>przyznane <span class=\"_ _55\"> </span>przez <span class=\"_ _55\"> </span>firm\u0119 ubezpieczeniow\u0105, wed\u0142ug <span class=\"_ _2\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105ca posiada <span class=\"_ _2\"></span>zabezpieczenia dla <span class=\"_ _2\"></span>76% <span class=\"_ _2\"></span>nale\u017cno\u015bci handlowych (wed\u0142u<span class=\"_ _3\"></span>g stanu na 31 grudnia<span class=\"_ _3\"></span> 2021 r. 8<span class=\"_ _3\"></span>4%). KGHM <span class=\"_ _1\"> </span>INTERNATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>stos<span class=\"_ _2\"></span>uje <span class=\"_ _1\"> </span>zabezpiecze\u0144 <span class=\"_ _0\"> </span>nale<span class=\"_ _2\"></span>\u017cno<span class=\"_ _3\"></span>\u015bci, <span class=\"_ _1\"> </span>jednak <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _1\"> </span>zwi\u0105zane <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>nale\u017cno\u015bciami od odbiorc\u00f3w <span class=\"_ _57\"> </span>podlega <span class=\"_ _57\"> </span>monitoringowi <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>sprzeda\u017c <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>du\u017ce<span class=\"_ _3\"></span>j <span class=\"_ _59\"> </span>mierze <span class=\"_ _57\"> </span>realizowana <span class=\"_ _57\"> </span>jest <span class=\"_ _59\"> </span>do <span class=\"_ _57\"> </span>sprawdzonych, <span class=\"_ _57\"> </span>d\u0142ugoletnich kontrahent\u00f3w pro<span class=\"_ _3\"></span>wadz\u0105cych dzia\u0142alno\u015b\u0107 <span class=\"_ _3\"></span>mi\u0119dzynarodow\u0105. Ocena koncentracji r<span class=\"_ _3\"></span>yzyka kredytoweg<span class=\"_ _3\"></span>o w Grupie: Koncentracja bran\u017cowa Pomimo, <span class=\"_ _146\"> </span>\u017ce <span class=\"_ _57\"> </span>KGHM <span class=\"_ _146\"> </span>Po<span class=\"_ _2\"></span>lska  Mied\u017a <span class=\"_ _146\"> </span>S.<span class=\"_ _2\"></span>A.  o<span class=\"_ _2\"></span>raz  KGHM<span class=\"_ _192\"> </span>INTERNATION<span class=\"_ _192\"> </span>AL  L<span class=\"_ _2\"></span>TD.  funkcjonuj\u0105 <span class=\"_ _146\"> </span>w<span class=\"_ _192\"> </span>tej <span class=\"_ _57\"> </span>samej bran\u017cy, <span class=\"_ _5a\"> </span>sp\u00f3\u0142<span class=\"_ _2\"></span>ki <span class=\"_ _54\"> </span>r\u00f3\u017cni\u0105 <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>zar\u00f3wno <span class=\"_ _54\"> </span>portfelem <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>ferowanych <span class=\"_ _5a\"> </span>produkt\u00f3w, <span class=\"_ _5a\"> </span>jak <span class=\"_ _54\"> </span>i geograficzn\u0105 <span class=\"_ _54\"> </span>oraz<span class=\"_ _3\"></span> podmiotow\u0105 <span class=\"_ _69\"> </span>struktur\u0105 <span class=\"_ _69\"> </span>portfela <span class=\"_ _69\"> </span>klient\u00f3w, <span class=\"_ _69\"> </span>w zwi\u0105zku <span class=\"_ _69\"> </span>z <span class=\"_ _69\"> </span>czy<span class=\"_ _2\"></span>m <span class=\"_ _69\"> </span>bran\u017cowa <span class=\"_ _69\"> </span>konce<span class=\"_ _2\"></span>ntracja <span class=\"_ _69\"> </span>ryzyka kredytowego ocen<span class=\"_ _3\"></span>iana jest jako ak<span class=\"_ _3\"></span>ceptowalna.  Pozosta\u0142e <span class=\"_ _5a\"> </span>sp\u00f3\u0142ki <span class=\"_ _5a\"> </span>Grupy <span class=\"_ _54\"> </span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _54\"> </span>dzia<span class=\"_ _3\"></span>\u0142aj\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>r\u00f3\u017cnych <span class=\"_ _5a\"> </span>sektorach <span class=\"_ _5a\"> </span>gospodarki, <span class=\"_ _5a\"> </span>m.in. <span class=\"_ _54\"> </span>trans<span class=\"_ _3\"></span>port, budownictwo, <span class=\"_ _2\"></span>handel, <span class=\"_ _2\"></span>produkcja<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>przemys\u0142owa, <span class=\"_ _2\"></span>energetyka. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>przypadku <span class=\"_ _2\"></span>wi\u0119kszo\u015bci sp\u00f3\u0142ek <span class=\"_ _67\"> </span>Grupy <span class=\"_ _67\"> </span>Kapita\u0142owej, <span class=\"_ _67\"> </span>pod <span class=\"_ _67\"> </span>wzgl\u0119dem <span class=\"_ _67\"> </span>bran\u017cowym, <span class=\"_ _67\"> </span>nie <span class=\"_ _67\"> </span>dochodzi <span class=\"_ _67\"> </span>do koncentracji <span class=\"_ _67\"> </span>ryzyka<span class=\"_ _3\"></span> kredytowego. Koncentracja odbiorc\u00f3w Na 31 grudnia<span class=\"_ _192\"> </span>2022<span class=\"_ _192\"> </span>r. saldo nale\u017cno\u015bci od 7 najwi\u0119kszych odbior<span class=\"_ _3\"></span>c\u00f3w stanowi 58% salda nale\u017cno\u015bci od<span class=\"_ _3\"></span> odbiorc\u00f3w <span class=\"_ _1\"> </span>(2021 <span class=\"_ _1\"> </span>r.: <span class=\"_ _74\"> </span>49%). <span class=\"_ _1\"> </span>Po<span class=\"_ _2\"></span>mimo <span class=\"_ _74\"> </span>koncentracji <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>tego<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>ocenia <span class=\"_ _74\"> </span>si\u0119, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _74\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na dost\u0119pne <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>historyczne <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>wieloletnie <span class=\"_ _74\"> </span>do\u015bwiadczeni<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>we <span class=\"_ _1\"> </span>wsp\u00f3\u0142pracy <span class=\"_ _1\"> </span>z klientami, <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>r\u00f3wnie\u017c stosowane zabezpi<span class=\"_ _3\"></span>eczenia wyst\u0119puje niski s<span class=\"_ _3\"></span>topie\u0144 ryzyka kred<span class=\"_ _3\"></span>ytowego.<span class=\"_ _192\"> </span>Koncentracja geograficzna<span class=\"_ _3\"></span> Sp\u00f3\u0142ki Grupy <span class=\"_ _2\"></span>Kapita\u0142owej od wie<span class=\"_ _2\"></span>lu lat <span class=\"_ _2\"></span>wsp\u00f3\u0142pracuj\u0105 z du\u017c\u0105 <span class=\"_ _2\"></span>liczb\u0105 klient\u00f3w, co <span class=\"_ _2\"></span>wp\u0142ywa na <span class=\"_ _2\"></span>geograficzn\u0105 dywersyfikacj\u0119 <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>od<span class=\"_ _3\"></span>biorc\u00f3w. <span class=\"_ _53\"></span>S<span class=\"_ _2\"></span>topie\u0144 <span class=\"_ _53\"></span>geograficznej <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>ncentracji <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"></span>kredytow<span class=\"_ _3\"></span>ego <span class=\"_ _0\"></span>dla nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w przedsta<span class=\"_ _3\"></span>wia poni\u017csza tabela.  Nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w (netto) Stan na 31.12.2022 Stan na 31.12.2021 Polska 40%<span class=\"_ _192\"> </span>59%<span class=\"_ _192\"> </span>Kanada  19%<span class=\"_ _192\"> </span>8%<span class=\"_ _192\"> </span>Unia Europejska (z <span class=\"_ _3\"></span>wy\u0142. Polski) 10%<span class=\"_ _192\"> </span>10%<span class=\"_ _192\"> </span>Azja 26%<span class=\"_ _192\"> </span>17%<span class=\"_ _192\"> </span>Inne kraje 5%<span class=\"_ _192\"> </span>6%<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a i za\u0142o\u017cenia<span class=\"_ _3\"></span> 31.12.2022<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Przedzia\u0142y czasowe<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci<span class=\"_ _192\"> </span>Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Nieprzetermin<span class=\"_ _3\"></span>owane<span class=\"_ _192\"> </span>0,1-2,7<span class=\"_ _192\"> </span>401<span class=\"_ _192\"> </span>(2)<span class=\"_ _192\"> </span>0,2-5,1<span class=\"_ _192\"> </span>373<span class=\"_ _192\"> </span>(3)<span class=\"_ _192\"> </span>&lt;1,30)<span class=\"_ _192\"> </span>0,2-8,1<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>0,4-7,8<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>&lt;30,60)<span class=\"_ _192\"> </span>5,5-41,4<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>3,1-34,2<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>&lt;60,90)<span class=\"_ _192\"> </span>34,1-72,3<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>42,9-75,5<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Default<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>(35)<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>37<span class=\"_ _192\"> </span>(32)<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>466<span class=\"_ _192\"> </span>(39)<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>(36)<span class=\"_ _192\"> </span>*Prawdop<span class=\"_ _2\"></span>odobie\u0144stw<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>niew<span class=\"_ _2\"></span>ykonania <span class=\"_ _53\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rezentuj\u0105 <span class=\"_ _53\"></span>zakresy <span class=\"_ _53\"></span>kalkulowane <span class=\"_ _53\"></span>ind<span class=\"_ _2\"></span>ywidulanie <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>oparciu o <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>rzeczyw<span class=\"_ _2\"></span>iste <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>histo<span class=\"_ _2\"></span>ryczne <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zakresie<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>liczby <span class=\"_ _1\"> </span>dni <span class=\"_ _1\"> </span>op<span class=\"_ _2\"></span>\u00f3\u017anie\u0144 <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>przyj<span class=\"_ _2\"></span>\u0119tym <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Grup<span class=\"_ _2\"></span>ie <span class=\"_ _1\"> </span>modelem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>kalkula<span class=\"_ _2\"></span>cji <span class=\"_ _1\"> </span>oczekiwan<span class=\"_ _2\"></span>ej <span class=\"_ _1\"> </span>straty kredytow<span class=\"_ _2\"></span>ej dla nale\u017c<span class=\"_ _2\"></span>no\u015bci handlow<span class=\"_ _2\"></span>ych. **Kwota odp<span class=\"_ _2\"></span>isu uw<span class=\"_ _2\"></span>zgl\u0119dnia odzysk wy<span class=\"_ _2\"></span>nikaj\u0105cy z zabez<span class=\"_ _2\"></span>piecze\u0144 nal<span class=\"_ _2\"></span>e\u017cno\u015bci<span class=\"ff2\">. </span>Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia zmian\u0119 stanu <span class=\"_ _3\"></span>nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w wycenian<span class=\"_ _3\"></span>ych w zamortyzowan<span class=\"_ _3\"></span>ym koszcie. Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Grupa <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>osuje  m<span class=\"_ _3\"></span>odel  u<span class=\"_ _3\"></span>proszczony  d<span class=\"_ _3\"></span>o  kalkulacji <span class=\"_ _74\"> </span>odpis\u00f3w  z<span class=\"_ _3\"></span>  tytu\u0142u <span class=\"_ _74\"> </span>utraty  warto\u015bci <span class=\"_ _74\"> </span>dla  nale\u017cn<span class=\"_ _3\"></span>o\u015bci  od <span class=\"_ _74\"> </span>odbiorc\u00f3w <span class=\"_ _58\"> </span>(bez wzgl\u0119du <span class=\"_ _5a\"> </span>na <span class=\"_ _54\"> </span>termin <span class=\"_ _5a\"> </span>zapadalno\u015bci). <span class=\"_ _5a\"> </span>Oczekiwana <span class=\"_ _54\"> </span>strata <span class=\"_ _5a\"> </span>kredytowa <span class=\"_ _5a\"> </span>dla <span class=\"_ _54\"> </span>nale\u017cno\u015bci <span class=\"_ _5a\"> </span>od <span class=\"_ _54\"> </span>odbior<span class=\"_ _3\"></span>c\u00f3w <span class=\"_ _54\"> </span>jest <span class=\"_ _5a\"> </span>kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy o<span class=\"_ _2\"></span>kres sprawozdawczy po momencie uj\u0119cia <span class=\"_ _2\"></span>nale\u017cno\u015bci w sprawozdaniu z sytuacji <span class=\"_ _2\"></span>finans<span class=\"_ _3\"></span>owej oraz <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>aktualizowana <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>ka\u017cdy <span class=\"_ _74\"> </span>kolejny <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>ko\u0144cz\u0105cy <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _1\"> </span>sprawozdawczy. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>cel\u00f3w <span class=\"_ _74\"> </span>oszacowania <span class=\"_ _1\"> </span>oczekiwanej straty <span class=\"_ _5a\"> </span>kredyt<span class=\"_ _3\"></span>owej <span class=\"_ _5a\"> </span>dla <span class=\"_ _59\"> </span>nale\u017cno\u015bci <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _59\"> </span>odbiorc\u00f3w <span class=\"_ _5a\"> </span>jednostki <span class=\"_ _59\"> </span>Grupy <span class=\"_ _5a\"> </span>wykorzystuj\u0105 <span class=\"_ _59\"> </span>macierze <span class=\"_ _59\"> </span>rezerw <span class=\"_ _59\"> </span>(<span class=\"_ _2\"></span><span class=\"ff3\">provision <span class=\"_ _59\"> </span>matrix</span>) zbudowane <span class=\"_ _53\"></span>w oparciu <span class=\"_ _2\"></span>o historyczne <span class=\"_ _53\"></span>poziomy <span class=\"_ _53\"></span>sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>kt\u00f3re <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>poddawane <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresowe<span class=\"_ _3\"></span>j rekalibracji w celu <span class=\"_ _3\"></span>aktualizacji.  Odpis <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>oczekiwane <span class=\"_ _2\"></span>straty kredytowe <span class=\"_ _2\"></span>wycenia si\u0119 <span class=\"_ _53\"></span>w kwocie <span class=\"_ _2\"></span>r\u00f3wnej <span class=\"_ _2\"></span>oczekiwanym st<span class=\"_ _2\"></span>ratom kredytowym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>ca\u0142ym o<span class=\"_ _2\"></span>kresie \u017cycia <span class=\"_ _2\"></span>nale<span class=\"_ _2\"></span>\u017cno\u015bci. <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>przyj\u0119\u0142a <span class=\"_ _53\"></span>za\u0142o\u017cenie, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>charakteryzowane <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>liczb\u0119 <span class=\"_ _53\"></span>dni <span class=\"_ _53\"></span>op\u00f3\u017anienia <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>en parametr <span class=\"_ _5e\"> </span>determinuje <span class=\"_ _67\"> </span>szac<span class=\"_ _3\"></span>owane <span class=\"_ _67\"> </span>PD, <span class=\"_ _5e\"> </span>czyli <span class=\"_ _67\"> </span>prawd<span class=\"_ _3\"></span>opodobie\u0144stw<span class=\"_ _3\"></span>o <span class=\"_ _67\"> </span>op\u00f3\u017anienia <span class=\"_ _5e\"> </span>p\u0142atno\u015bci <span class=\"_ _67\"> </span>na<span class=\"_ _3\"></span>le\u017cno\u015bci <span class=\"_ _67\"> </span>handl<span class=\"_ _3\"></span>owych o co najmniej <span class=\"_ _1\"> </span>90 <span class=\"_ _74\"> </span>dni. <span class=\"_ _74\"> </span>Na <span class=\"_ _74\"> </span>potrzeby <span class=\"_ _74\"> </span>estymacji <span class=\"_ _1\"> </span>PD <span class=\"_ _74\"> </span>wyodr\u0119bniono <span class=\"_ _1\"> </span>5 <span class=\"_ _74\"> </span>grup <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>oparciu <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>kryterium <span class=\"_ _1\"> </span>dni <span class=\"_ _74\"> </span>op\u00f3\u017anienia w terminie p\u0142atno\u015b<span class=\"_ _3\"></span>ci, zgodnie z przedzia\u0142ami <span class=\"_ _3\"></span>przedstawionymi p<span class=\"_ _3\"></span>oni\u017cej jako \u201eWa\u017cn<span class=\"_ _3\"></span>e oszacowania i <span class=\"_ _3\"></span>za\u0142o\u017cenia\u201d.  Za <span class=\"_ _0\"></span>zdarzenie <span class=\"_ _0\"></span>niewyp\u0142acalno\u015bci <span class=\"_ _0\"></span>(<span class=\"ff3\">default</span>) <span class=\"_ _0\"></span>uznaje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wywi\u0105zania <span class=\"_ _53\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>kontrahenta <span class=\"_ _0\"></span>po <span class=\"_ _0\"></span>up\u0142ywie 90 dni od <span class=\"_ _2\"></span>dnia wymagalno\u015bci nale\u017cno\u015bci. W <span class=\"_ _2\"></span>celu obliczenia <span class=\"_ _2\"></span>odpisu z tyt<span class=\"_ _2\"></span>u\u0142u oczekiwanej straty kredytowej  <span class=\"_ _2\"></span>uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczen<span class=\"_ _3\"></span>ia przypisuj\u0105c poszcze<span class=\"_ _3\"></span>g\u00f3lnym typom zab<span class=\"_ _3\"></span>ezpiecze\u0144 oczekiwan\u0105 st<span class=\"_ _3\"></span>op\u0119 odzysku. Ponadto, <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>kalkulac<span class=\"_ _3\"></span>ji <span class=\"_ _5a\"> </span>ECL <span class=\"_ _59\"> </span>uwzgl\u0119dnia <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>informacje <span class=\"_ _5a\"> </span>dotycz\u0105<span class=\"_ _3\"></span>ce <span class=\"_ _5a\"> </span>przysz\u0142o\u015bci <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>stosowanych <span class=\"_ _59\"> </span>parametrach <span class=\"_ _59\"> </span>modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _146\"> </span>prawdopodobie\u0144<span class=\"_ _3\"></span>stwa  niewyp\u0142acalno\u015bci. Oznacza <span class=\"_ _1\"> </span>to, <span class=\"_ _74\"> </span>\u017ce <span class=\"_ _1\"> </span>je\u017celi <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>wyniku <span class=\"_ _1\"> </span>analizy <span class=\"_ _1\"> </span>danych <span class=\"_ _74\"> </span>makroekonomic<span class=\"_ _3\"></span>znych <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>akich <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>np.: <span class=\"_ _74\"> </span> <span class=\"_ _1\"> </span>bie\u017c\u0105ca <span class=\"_ _74\"> </span>dynamika <span class=\"_ _1\"> </span>PKB, <span class=\"_ _1\"> </span>warto\u015b\u0107 inflacji, <span class=\"_ _0\"></span>wska\u017anik <span class=\"_ _0\"></span>bezrob<span class=\"_ _3\"></span>ocia <span class=\"_ _0\"> </span>czy <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _0\"></span>WIG, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>uzna, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _0\"></span>nast\u0105pi\u0142o <span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>pogorsz<span class=\"_ _3\"></span>enie <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>stosunku <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>poprzedniego okresu, <span class=\"_ _74\"> </span>w  kalkula<span class=\"_ _3\"></span>cji <span class=\"_ _74\"> </span>ECL  uwz<span class=\"_ _3\"></span>gl\u0119dnia <span class=\"_ _74\"> </span>si\u0119  cz<span class=\"_ _3\"></span>ynnik <span class=\"_ _74\"> </span><span class=\"ff3\">looking <span class=\"_ _74\"> </span>forward</span>, <span class=\"_ _74\"> </span>koryguj\u0105cy  ryz<span class=\"_ _3\"></span>yko <span class=\"_ _58\"> </span>zwi\u0105zan<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>ze  spadki<span class=\"_ _3\"></span>em <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>dzysk\u00f3w<span class=\"_ _3\"></span> z nale\u017cno\u015bci. <span class=\"_ _146\"> </span>Mimo <span class=\"_ _57\"> </span>rosn\u0105cej <span class=\"_ _57\"> </span>inflacji <span class=\"_ _57\"> </span>przy <span class=\"_ _57\"> </span>korzystnym <span class=\"_ _146\"> </span>kszta\u0142towaniu <span class=\"_ _146\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>m.in. <span class=\"_ _57\"> </span>wska\u017anik\u00f3w  PKB, <span class=\"_ _57\"> </span>bezrobocia <span class=\"_ _57\"> </span>a <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>ak\u017ce<span class=\"_ _3\"></span> prognoz <span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>wska\u017anik\u00f3w <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>stwierdzi\u0142a <span class=\"_ _2\"></span>pogorszenia <span class=\"_ _2\"></span>czynnik\u00f3w <span class=\"_ _2\"></span>makroekonomicznyc<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 ko\u0144cz\u0105cy okres spraw<span class=\"_ _3\"></span>ozdawczy tj. <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>022 r<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span>2022 2021 Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 1 stycznia<span class=\"ff2\"> </span>435<span class=\"_ _192\"> </span>444<span class=\"_ _192\"> </span>Zmiana stanu na<span class=\"_ _3\"></span>le\u017cno\u015bci  31<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie -<span class=\"_ _192\"> </span>(14)<span class=\"_ _192\"> </span>Nota 10.2<span class=\"_ _192\"> </span>Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 31 grudnia<span class=\"fc0\"> </span>466<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>Poni\u017csza <span class=\"_ _146\"> </span>tabe<span class=\"_ _2\"></span>la <span class=\"_ _146\"> </span>przedstawia <span class=\"_ _57\"> </span>zmian\u0119 <span class=\"_ _57\"> </span>oszacowania <span class=\"_ _57\"> </span>oczekiwanej <span class=\"_ _146\"> </span>st<span class=\"_ _2\"></span>raty <span class=\"_ _57\"> </span>kredytowej <span class=\"_ _146\"> </span>z <span class=\"_ _57\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _146\"> </span>nale\u017cno<span class=\"_ _2\"></span>\u015bci <span class=\"_ _146\"> </span>od <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>dbiorc\u00f3w<span class=\"_ _3\"></span> wycenianych w zam<span class=\"_ _3\"></span>ortyzowanym <span class=\"_ _3\"></span>koszcie.  <span class=\"_ _14e\"> </span><span class=\"fc2\">2022 </span>2021 Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 1 stycznia<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> <span class=\"_ _5c\"> </span> </span>36<span class=\"_ _192\"> </span>53<span class=\"_ _192\"> </span>Zmiana odpisu w okr<span class=\"_ _3\"></span>esie uj\u0119ta w ra<span class=\"_ _3\"></span>chunku wynik\u00f3w 3 (3)<span class=\"_ _192\"> </span>Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie -<span class=\"_ _192\"> </span>(14)<span class=\"_ _192\"> </span>Nota 10.2<span class=\"_ _192\"> </span>Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 31 grudni<span class=\"_ _3\"></span>a <span class=\"fc0\"> <span class=\"_ _56\"> </span> </span>39<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>Na dzie\u0144 <span class=\"_ _2\"></span>31 g<span class=\"_ _2\"></span>rudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>kwota wie<span class=\"_ _2\"></span>rzytelno\u015bci spornych wynosi 36 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>(na dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2021 r.<span class=\"_ _2\"></span> 35 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN). Grupa <span class=\"_ _5a\"> </span>Kapita\u0142owa <span class=\"_ _54\"> </span>prowadzi <span class=\"_ _5a\"> </span>dzia\u0142ania <span class=\"_ _5a\"> </span>zmierzaj\u0105ce <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>odzys<span class=\"_ _3\"></span>kania <span class=\"_ _5a\"> </span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _5a\"> </span>wierzytelno\u015bci <span class=\"_ _5a\"> </span>lub <span class=\"_ _54\"> </span>wyja\u015bnienia <span class=\"_ _5a\"> </span>zasadno\u015bci dochodzenia roszcze<span class=\"_ _3\"></span>\u0144. Nota <span class=\"_ _74\"> </span>7.5.2.4  R<span class=\"_ _3\"></span>yzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane  z <span class=\"_ _1\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>wsp\u00f3lnemu  pr<span class=\"_ _3\"></span>zedsi\u0119wzi\u0119ciu <span class=\"_ _1\"> </span>Sierra  Gord<span class=\"_ _3\"></span>a S.C.M. (POCI) Ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>uzale\u017cnione <span class=\"_ _1\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _74\"> </span>od <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>zwi\u0105zanego <span class=\"_ _74\"> </span>z realizacj\u0105 <span class=\"_ _74\"> </span>wsp\u00f3lnego przedsi\u0119wzi\u0119cia <span class=\"_ _74\"> </span>g\u00f3rniczego <span class=\"_ _74\"> </span>w  Chile <span class=\"_ _74\"> </span>(Sierra  G<span class=\"_ _3\"></span>orda  S.C.<span class=\"_ _3\"></span>M.).  Po\u017cy<span class=\"_ _3\"></span>czki  te <span class=\"_ _74\"> </span>ze  wzgl<span class=\"_ _3\"></span>\u0119du  na <span class=\"_ _74\"> </span>rozpoznan\u0105 <span class=\"_ _74\"> </span>utrat\u0119  warto\u015bci <span class=\"_ _74\"> </span>na moment  p<span class=\"_ _3\"></span>ocz\u0105tkowego  uj\u0119cia <span class=\"_ _74\"> </span>ze  wzgl\u0119du  na <span class=\"_ _74\"> </span>ryzyko  kredyt<span class=\"_ _3\"></span>owe,  zakwalifik<span class=\"_ _3\"></span>owane  zosta\u0142<span class=\"_ _3\"></span>y  jako  POC<span class=\"_ _3\"></span>I  i  na <span class=\"_ _74\"> </span>kolejne  dni<span class=\"_ _3\"></span> ko\u0144cz\u0105ce <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresy <span class=\"_ _2\"></span>sprawozdawcze <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>wyceniane <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zamortyzowa<span class=\"_ _3\"></span>nym <span class=\"_ _53\"></span>koszcie <span class=\"_ _2\"></span>przy <span class=\"_ _53\"></span>zastosowaniu metody<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>efektywnej <span class=\"_ _2\"></span>stopy procentowej z <span class=\"_ _3\"></span>wykorzystaniem  efektyw<span class=\"_ _3\"></span>nej stopy dyskontow<span class=\"_ _3\"></span>ej skorygowanej o ryzyk<span class=\"_ _3\"></span>o kredytowe. <span class=\"_ _3\"></span> Podstaw\u0119 <span class=\"_ _2\"></span>naliczenia <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dsetek <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>po\u017cyczek <span class=\"_ _2\"></span>POCI <span class=\"_ _53\"></span>stanowi <span class=\"_ _53\"></span>ich <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>brutto <span class=\"_ _2\"></span>pomniejszona <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>kwot\u0119 <span class=\"_ _53\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>utraty<span class=\"_ _3\"></span> warto\u015bci na momen<span class=\"_ _3\"></span>t pocz\u0105tkowego uj\u0119<span class=\"_ _3\"></span>cia. Udzielona <span class=\"_ _74\"> </span>po\u017cyczka <span class=\"_ _74\"> </span>nie <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>zabezpiecze\u0144 <span class=\"_ _74\"> </span>ograniczaj\u0105cych <span class=\"_ _1\"> </span>ekspozycj\u0119 <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>ryzyko  k<span class=\"_ _3\"></span>redytowe, <span class=\"_ _74\"> </span>dlatego <span class=\"_ _74\"> </span>maksymalna warto\u015b\u0107 <span class=\"_ _74\"> </span>nara\u017con\u0105 <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>potencjaln\u0105 <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>rat\u0119 <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>kredytoweg<span class=\"_ _3\"></span>o <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>anowi <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>brutto <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>\u017cyczki, <span class=\"_ _1\"> </span>pomniejszona o oczekiwane strat<span class=\"_ _3\"></span>y kredytowe uj\u0119te z<span class=\"_ _3\"></span>godnie z MSSF9. Zmiany warto\u015bci udz<span class=\"_ _3\"></span>ielonych po\u017cyczek POC<span class=\"_ _3\"></span>I w okresie sprawozd<span class=\"_ _3\"></span>awczym i por\u00f3wnawcz<span class=\"_ _3\"></span>ym przedstawia<span class=\"_ _3\"></span> Nota 6.2. Zar\u00f3wno <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _74\"> </span>sprawozdawczym <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>por\u00f3<span class=\"_ _2\"></span>wnawczym <span class=\"_ _1\"> </span>nie <span class=\"_ _74\"> </span>rozpoznano <span class=\"_ _74\"> </span>oczekiwanej <span class=\"_ _74\"> </span>utraty <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>\u017cyczek POCI. Analiza <span class=\"_ _5d\"> </span>wra\u017cliwo\u015bci<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>warto\u015bci <span class=\"_ _69\"> </span>godziwej <span class=\"_ _5d\"> </span>po\u017cyczek <span class=\"_ _5d\"> </span>ze <span class=\"_ _5d\"> </span>wzgl\u0119du <span class=\"_ _69\"> </span>na <span class=\"_ _5d\"> </span>zmiany <span class=\"_ _5d\"> </span>prognozow<span class=\"_ _3\"></span>anych <span class=\"_ _5d\"> </span>przep\u0142yw\u00f3w Sierra Gorda S.C.M.<span class=\"_ _3\"></span> Na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>Grupa <span class=\"_ _1\"> </span>Kapita\u0142owa <span class=\"_ _0\"></span>zaklasyfik<span class=\"_ _3\"></span>owa\u0142a <span class=\"_ _0\"></span>wycen\u0119 <span class=\"_ _0\"> </span>do <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"></span>udzielonych <span class=\"_ _0\"></span>po\u017cyczek <span class=\"_ _0\"></span>do<span class=\"_ _3\"></span> poziomu <span class=\"_ _0\"></span>3 <span class=\"_ _0\"> </span>hie<span class=\"_ _2\"></span>rarchii <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej, <span class=\"_ _0\"></span>ze <span class=\"_ _0\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>wykorzystanie <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>wycenie <span class=\"_ _0\"></span>istotnego <span class=\"_ _0\"></span>parametru <span class=\"_ _0\"></span>niemierzalnego,<span class=\"_ _3\"></span> jakim <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>prognozowane <span class=\"_ _53\"></span>przep\u0142ywy <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _53\"></span>Przep\u0142ywy <span class=\"_ _53\"></span>te <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>najwi\u0119kszym <span class=\"_ _53\"></span>stopniu <span class=\"_ _2\"></span>wra\u017cliwe <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>zmian\u0119 <span class=\"_ _53\"></span>c<span class=\"_ _2\"></span>en miedzi, <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>ra <span class=\"_ _0\"> </span>i<span class=\"_ _2\"></span>mplikuje <span class=\"_ _0\"></span>pozosta\u0142e <span class=\"_ _1\"> </span>za\u0142o\u017cenia <span class=\"_ _0\"></span>takie <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>prognozowana<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>produkcja <span class=\"_ _1\"> </span>i <span class=\"_ _0\"> </span>mar\u017ca <span class=\"_ _1\"> </span>operacyjna. <span class=\"_ _1\"> </span>Dlatego <span class=\"_ _1\"> </span>te\u017c <span class=\"_ _0\"></span>Grupa przeprowadzi\u0142a an<span class=\"_ _3\"></span>aliz\u0119 wra\u017cliwo\u015bci warto\u015bci <span class=\"_ _3\"></span>godziwej po\u017cyczek n<span class=\"_ _3\"></span>a zmian\u0119 ceny mi<span class=\"_ _3\"></span>edzi. Ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>znaczn\u0105 <span class=\"_ _1\"> </span>wra\u017cliwo\u015b\u0107 <span class=\"_ _74\"> </span>prognozowanych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>Sierra <span class=\"_ _1\"> </span>Gorda <span class=\"_ _74\"> </span>S.C.M. <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>zmiany <span class=\"_ _1\"> </span>cen <span class=\"_ _74\"> </span>miedzi, <span class=\"_ _1\"> </span>zgodnie z MSSF 13 p.93<span class=\"_ _3\"></span>.f Grupa przeprowadzi\u0142a a<span class=\"_ _3\"></span>naliz\u0119 wra\u017cliwo\u015bci wart<span class=\"_ _3\"></span>o\u015bci godziwej (pozi<span class=\"_ _3\"></span>om 3) po\u017cyczek <span class=\"_ _3\"></span>na zmian\u0119 cen miedzi. Ceny miedzi [USD/t]<span class=\"_ _192\"> </span>Scenariusze 31.12<span class=\"_ _3\"></span>.2022 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>3<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>2027<span class=\"_ _192\"> </span>LT<span class=\"_ _192\"> </span>Bazowy <span class=\"_ _e\"> </span>8 200<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>7 700<span class=\"_ _192\"> </span>Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt<span class=\"_ _192\"> </span>w ca\u0142ym okresie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 7 980<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>7 480<span class=\"_ _192\"> </span>Bazowy plus 0,1<span class=\"_ _3\"></span> USD/funt w ca\u0142ym okresi<span class=\"_ _3\"></span>e \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 420<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>7 920<span class=\"_ _192\"> </span><div class=\"c w2f h2e\" style=\"left:358.65076px; bottom:896.17096px;\"><div class=\"t m4 x10 h8 y141a ff1 fs6 fc2 sc0 ls0 ws0\">Ceny miedzi [USD/t]<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:880.41406px;\">Scenariusze 31.12<span class=\"_ _3\"></span>.2021 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:322.14658px; bottom:880.41406px;\">2023<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:381.89474px; bottom:880.41406px;\">2024<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:442.26654px; bottom:880.41406px;\">2025<span class=\"_ _192\"> </span></div><div class=\"c w92 h2e\" style=\"left:501.5348px; bottom:878.54297px;\"><div class=\"t m4 x10 h8 y117d ff1 fs6 fc2 sc0 ls0 ws0\">2026<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:573.1505px; bottom:880.41406px;\">LT<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:864.19006px;\">Bazowy <span class=\"_ _e\"> </span>8 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:318.4026px; bottom:864.19006px;\">8 000<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:379.07486px; bottom:864.19006px;\">7 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:438.05457px; bottom:864.19006px;\">7 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:497.95874px; bottom:864.19006px;\">7 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.95447px; bottom:864.19006px;\">7 000<span class=\"_ _192\"> </span></div><div class=\"c w12f h2e\" style=\"left:5.7787094px; bottom:845.93896px;\"><div class=\"t m4 x10 h8 y14ba ff2 fs6 fc0 sc0 ls0 ws0\">Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt w ca\u0142ym okr<span class=\"_ _3\"></span>esie </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:834.86206px;\">\u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.4986px; bottom:842.0381px;\">8 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:318.4026px; bottom:842.0381px;\">7 780<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:379.07486px; bottom:842.0381px;\">7 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:438.05457px; bottom:842.0381px;\">7 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:497.95874px; bottom:842.0381px;\">7 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.95447px; bottom:842.0381px;\">6 780<span class=\"_ _192\"> </span></div><div class=\"c w130 h2e\" style=\"left:5.7787094px; bottom:816.923px;\"><div class=\"t m4 x10 h8 y107 ff2 fs6 fc0 sc0 ls0 ws0\">Bazowy plus 0,1<span class=\"_ _3\"></span> USD/f</div></div><div class=\"c w131 h2e\" style=\"left:112.17067px; bottom:816.923px;\"><div class=\"t m4 x10 h8 y107 ff2 fs6 fc0 sc0 ls0 ws0\">unt w ca\u0142y<span class=\"_ _3\"></span>m okresie </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:806.0021px;\">\u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.4986px; bottom:813.0221px;\">8 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:318.4026px; bottom:813.0221px;\">8 220<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:379.07486px; bottom:813.0221px;\">7 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:438.05457px; bottom:813.0221px;\">7 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:497.95874px; bottom:813.0221px;\">7 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.95447px; bottom:813.0221px;\">7 220<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:204.05463px; bottom:720.9821px;\">Warto\u015b\u0107</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:204.05463px; bottom:707.5661px;\">godziwa</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:298.42227px; bottom:758.7341px;\">Analiza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci godziwej <span class=\"_ _3\"></span> </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:344.45474px; bottom:745.4741px;\">na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:719.5781px;\">Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:273.6189px; bottom:732.3701px;\">Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:292.49426px; bottom:719.8901px;\">w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:352.08627px; bottom:707.5661px;\">kopalni </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:398.41827px; bottom:732.3701px;\">Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:425.56287px; bottom:719.8901px;\">w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia</div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:482.82672px; bottom:707.5661px;\"> kopalni </div><div class=\"c w132 h2e\" style=\"left:5.7787094px; bottom:689.31494px;\"><div class=\"t m4 x10 h8 y12a ff2 fs6 fc0 sc0 ls0 ws0\">Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:678.2381px;\">wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:215.13062px; bottom:685.4141px;\"> 7 787<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:355.53058px; bottom:685.4141px;\">8 064<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:490.1585px; bottom:685.4141px;\">7 465<span class=\"_ _192\"> </span></div><div class=\"c w132 h2e\" style=\"left:5.7787094px; bottom:660.29895px;\"><div class=\"t m4 x10 h8 y14f1 ff2 fs6 fc0 sc0 ls0 ws0\">Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:649.3781px;\">wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:635.1821px;\">(mln USD)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:217.47061px; bottom:649.3781px;\">1 769<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:355.53058px; bottom:649.3781px;\">1 832<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:490.1585px; bottom:649.3781px;\">1 696<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:199.53064px; bottom:556.55817px;\">Warto\u015b\u0107</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:189.39062px; bottom:543.29816px;\">bilansowa</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:292.49426px; bottom:594.3102px;\">Analiza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci bilans<span class=\"_ _3\"></span>owej  </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:344.45474px; bottom:581.0502px;\">na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:555.1542px;\">Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:268.6386px; bottom:567.94617px;\">Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:287.51474px; bottom:555.4662px;\">w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:346.62686px; bottom:543.14215px;\">kopalni </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:403.26654px; bottom:567.94617px;\">Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> </div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:430.55475px; bottom:555.4662px;\">w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia</div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:486.72675px; bottom:543.14215px;\"> kopalni </div><div class=\"c w132 h2e\" style=\"left:0.006752014px; bottom:524.8909px;\"><div class=\"t m4 x10 h8 y1de ff2 fs6 fc0 sc0 ls0 ws0\">Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:513.9702px;\">wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:214.03864px; bottom:520.9902px;\">9 603<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:354.11426px; bottom:521.1462px;\">9 766</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:495.61877px; bottom:521.1462px;\">9 380</div><div class=\"c w132 h2a\" style=\"left:0.006752014px; bottom:496.03094px;\"><div class=\"t m4 x10 h8 y1848 ff2 fs6 fc0 sc0 ls0 ws0\">Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:484.95422px;\">wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:470.75818px;\">(mln USD)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:214.03864px; bottom:484.95422px;\">2 182<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:352.08627px; bottom:484.95422px;\">2 219<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:494.5265px; bottom:484.95422px;\">2 131<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:448.13824px;\">Maksymalna <span class=\"_ _59\"> </span>po<span class=\"_ _3\"></span>tencjalna <span class=\"_ _59\"> </span>warto\u015b\u0107 <span class=\"_ _57\"> </span>bilansowa <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _59\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>za\u0142o\u017ceniu <span class=\"_ _59\"> </span>wype\u0142nienia <span class=\"_ _57\"> </span>zobowi\u0105za\u0144 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:433.9422px;\">umownych wyn<span class=\"_ _3\"></span>osi 2 576 mln USD (11 <span class=\"_ _3\"></span>339 mln PLN). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:411.94623px;\">W <span class=\"_ _53\"></span>dniu <span class=\"_ _2\"></span>22 <span class=\"_ _53\"></span>lutego <span class=\"_ _53\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>mia\u0142o <span class=\"_ _2\"></span>miejsce <span class=\"_ _53\"></span>zako\u0144czenie <span class=\"_ _2\"></span>transakcji <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>udzia\u0142\u00f3w <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>ierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _2\"></span>przez </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:397.90622px;\">Sumitomo Metal Mining Co., Ltd. oraz Sumitomo Corporation do South32 Limited, australijskiej grupy g\u00f3rniczej z siedzib\u0105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:383.71024px;\">w Perth. Transakcja <span class=\"_ _3\"></span>zosta\u0142a przeprowadzona na<span class=\"_ _3\"></span> podstawie um<span class=\"_ _3\"></span>\u00f3w sprzeda\u017cy za<span class=\"_ _3\"></span>wartych w dniu 1<span class=\"_ _3\"></span>4 pa\u017adziernika 20<span class=\"_ _3\"></span>21 r.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:365.61426px;\">Maj\u0105c <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>uwadze <span class=\"_ _0\"></span>powy\u017csz\u0105 <span class=\"_ _0\"></span>transakcj\u0119 <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wiedzy <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>mat <span class=\"_ _0\"></span>szczeg\u00f3\u0142\u00f3w <span class=\"_ _0\"></span>procesu <span class=\"_ _0\"></span>negocjacji <span class=\"_ _0\"></span>warunk\u00f3w <span class=\"_ _0\"></span>transakcji </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:351.41824px;\">oraz <span class=\"_ _2\"></span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>dok<span class=\"_ _3\"></span>onanych <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>strony <span class=\"_ _53\"></span>uczestnicz\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>transakcji, <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>akt, <span class=\"_ _2\"></span>i\u017c <span class=\"_ _53\"></span>udzia\u0142y <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>.C.M. <span class=\"_ _2\"></span>nie <span class=\"_ _53\"></span>s\u0105<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:337.37827px;\">przedmiotem publiczn<span class=\"_ _3\"></span>ych notowa\u0144, nie jest zasadne dokonanie wyceny bilan<span class=\"_ _3\"></span>sowej warto\u015bci po\u017cyczki poprzez <span class=\"_ _3\"></span>odniesienie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:323.18225px;\">wprost <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>transakcyjnej <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>transakcji <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>zaanga\u017cowania w <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda S.C.M. (<span class=\"_ _2\"></span>tj. <span class=\"_ _2\"></span>udzia\u0142u <span class=\"_ _53\"></span>kapita\u0142oweg<span class=\"_ _3\"></span>o </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:308.98627px;\">oraz nale\u017cno\u015bci po\u017c<span class=\"_ _3\"></span>yczkowej).  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:290.8903px;\">Niemniej  jednak <span class=\"_ _74\"> </span>Grupa  dokona\u0142a  por<span class=\"_ _3\"></span>\u00f3wnania  warto\u015bci  bilans<span class=\"_ _3\"></span>owej  zaanga\u017c<span class=\"_ _3\"></span>owania  we  wsp<span class=\"_ _3\"></span>\u00f3lne  przedsi\u0119wzi\u0119<span class=\"_ _3\"></span>cie  Sierra </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:276.69427px;\">Gorda  S.C.M. <span class=\"_ _146\"> </span>(tj. <span class=\"_ _146\"> </span>nale\u017cno\u015b\u0107 <span class=\"_ _146\"> </span>z <span class=\"_ _146\"> </span>ty<span class=\"_ _2\"></span>t.  po<span class=\"_ _2\"></span>\u017cyczki  oraz  inwestycja  w  instrumenty <span class=\"_ _146\"> </span>kapita\u0142owe)  do<span class=\"_ _2\"></span>  ceny <span class=\"_ _146\"> </span>transakcyjnej  w <span class=\"_ _146\"> </span>ce<span class=\"_ _2\"></span>lu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:262.6543px;\">weryfikacji, <span class=\"_ _59\"> </span>czy <span class=\"_ _57\"> </span>\u0142<span class=\"_ _2\"></span>\u0105czna <span class=\"_ _57\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>bilansowa <span class=\"_ _59\"> </span>zaanga\u017c<span class=\"_ _3\"></span>owania <span class=\"_ _59\"> </span>nie <span class=\"_ _57\"> </span>odbiega <span class=\"_ _59\"> </span>istotnie <span class=\"_ _59\"> </span>od <span class=\"_ _59\"> </span>warto\u015bci<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>jaka <span class=\"_ _59\"> </span>wynika\u0142aby <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>ceny </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:248.45828px;\">transakcyjnej, <span class=\"_ _0\"></span>uwzgl\u0119dniaj\u0105c: <span class=\"_ _0\"></span>(i) ograniczenia <span class=\"_ _0\"></span>co do mo\u017cliwo\u015bci <span class=\"_ _0\"></span>uzyskania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>Grup\u0119 <span class=\"_ _1\"> </span>pe\u0142nej <span class=\"_ _0\"></span>wiedzy <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>zakresie <span class=\"_ _1\"> </span>procesu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:234.2623px;\">doj\u015bcia <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>ceny <span class=\"_ _0\"></span>transakcyjnej <span class=\"_ _0\"> </span>oraz <span class=\"_ _0\"> </span>(ii)<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>r\u00f3\u017cnice <span class=\"_ _1\"> </span>w zastosowanych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sto<span class=\"_ _2\"></span>pach <span class=\"_ _0\"></span>dyskonta <span class=\"_ _0\"></span>przysz\u0142ych <span class=\"_ _0\"> </span>oczekiwanych <span class=\"_ _0\"> </span>przep\u0142yw\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:220.06631px;\">pieni\u0119\u017cnych <span class=\"_ _2\"></span>mo\u017cliwych <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>uzyskania <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>JV <span class=\"_ _53\"></span>(tj. efektywna <span class=\"_ _3\"></span>stopa <span class=\"_ _53\"></span>procent<span class=\"_ _3\"></span>owa <span class=\"_ _53\"></span>dla <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>po\u017cyczki <span class=\"_ _2\"></span>wg <span class=\"_ _53\"></span>MSSF9 <span class=\"_ _2\"></span>vs <span class=\"_ _53\"></span>stopa <span class=\"_ _53\"></span>zwr<span class=\"_ _3\"></span>otu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:205.8703px;\">oczekiwana prz<span class=\"_ _3\"></span>ez inwestora w wycenie c<span class=\"_ _3\"></span>eny transakcyjn<span class=\"_ _3\"></span>ej).  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:184.03033px;\">W <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>cenie <span class=\"_ _54\"> </span>Zarz\u0105du <span class=\"_ _55\"> </span>warto\u015b\u0107 <span class=\"_ _55\"> </span>po\u017cyczek <span class=\"_ _54\"> </span>oszacowana <span class=\"_ _54\"> </span>przez <span class=\"_ _55\"> </span>Grup\u0119 <span class=\"_ _55\"> </span>nie <span class=\"_ _55\"> </span>odbiega <span class=\"_ _54\"> </span>istot<span class=\"_ _2\"></span>nie <span class=\"_ _54\"> </span>od <span class=\"_ _55\"> </span>kwoty, <span class=\"_ _55\"> </span>kt\u00f3ra <span class=\"_ _54\"> </span>zost<span class=\"_ _2\"></span>a\u0142aby<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:169.83432px;\">ustalona poprzez <span class=\"_ _3\"></span>odniesienie do <span class=\"_ _3\"></span>ceny transakcyjnej.  </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:143.93834px;\">Nota 7.5.2.5 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z pozosta\u0142ymi aktyw<span class=\"_ _3\"></span>ami finansowymi<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:129.74234px;\">Na <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>31 <span class=\"_ _74\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>n<span class=\"_ _2\"></span>ajistotniejsz\u0105 <span class=\"_ _1\"> </span>pozycj\u0119 <span class=\"_ _74\"> </span>w  poz<span class=\"_ _3\"></span>osta\u0142ych <span class=\"_ _74\"> </span>aktywach <span class=\"_ _1\"> </span>finansowych <span class=\"_ _74\"> </span>stanowi\u0142y <span class=\"_ _74\"> </span>\u015brodki <span class=\"_ _74\"> </span>pieni\u0119\u017cne </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:115.54634px;\">zgromadzone <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach <span class=\"_ _2\"></span>bankowych F<span class=\"_ _2\"></span>unduszu L<span class=\"_ _2\"></span>ikwidacji <span class=\"_ _2\"></span>Zak\u0142adu G\u00f3rniczego <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kwocie <span class=\"_ _2\"></span>407 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:101.50635px;\">2021 r. <span class=\"_ _3\"></span>429 mln PLN). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:87.31036px;\">Wszystkie <span class=\"_ _57\"> </span>rachunki <span class=\"_ _59\"> </span>celowe <span class=\"_ _57\"> </span>Grupy, <span class=\"_ _59\"> </span>s\u0142u\u017c\u0105ce <span class=\"_ _57\"> </span>gromadzeniu <span class=\"_ _57\"> </span>\u015brodk\u00f3w <span class=\"_ _59\"> </span>pieni\u0119\u017cnych <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>celu <span class=\"_ _57\"> </span>pokrycia <span class=\"_ _59\"> </span>przysz\u0142<span class=\"_ _3\"></span>ych <span class=\"_ _59\"> </span>koszt\u00f3w<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:73.114365px;\">likwidacji <span class=\"_ _53\"></span>kopal\u0144 <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>innych <span class=\"_ _2\"></span>obiekt\u00f3w <span class=\"_ _53\"></span>technologicz<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>rekultywacji <span class=\"_ _53\"></span>sk\u0142adowisk <span class=\"_ _2\"></span>odpad\u00f3w, <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>prowadzone <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>banki </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:58.918365px;\">posiadaj\u0105ce ratin<span class=\"_ _3\"></span>g na poziomie najwy\u017csz<span class=\"_ _3\"></span>ym lub \u015bredniowys<span class=\"_ _3\"></span>okim, potwierdzaj\u0105cy b<span class=\"_ _3\"></span>ezpiecze\u0144stwo <span class=\"_ _3\"></span>ulokowanych \u015brodk\u00f3w.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:44.878372px;\">W <span class=\"_ _0\"></span>tabelach <span class=\"_ _53\"></span>poni\u017cej <span class=\"_ _0\"></span>zaprezento<span class=\"_ _3\"></span>wano <span class=\"_ _0\"></span>poziom <span class=\"_ _53\"></span>koncentracji <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _0\"></span>funduszy <span class=\"_ _53\"></span>celowych <span class=\"_ _0\"></span>s\u0142u\u017c\u0105cych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:30.682373px;\">gromadzeniu <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>celu <span class=\"_ _0\"></span>pokrycia<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>przysz\u0142ych <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _53\"></span>likwidacji <span class=\"_ _0\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>innych <span class=\"_ _53\"></span>obiekt\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:16.48639px;\">technologicznych,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>wed\u0142ug <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej <span class=\"_ _0\"></span>instytucji <span class=\"_ _53\"></span>finansowych, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _0\"></span>\u015brodki <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>przechowywane <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rachunkach </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:2.29039px;\">celowych.<span class=\"_ _192\"> </span> </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:291.93384px;\">Poziom ratingu<span class=\"_ _3\"></span> </div><div class=\"c w3f h2e\" style=\"left:408.88254px; bottom:294.89874px;\"><div class=\"t m4 x10 h8 y141a ff1 fs6 fc2 sc0 ls0 ws0\">Stan na </div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:401.86255px; bottom:283.82184px;\">31.12.2022 </div><div class=\"c w116 h2e\" style=\"left:519.0068px; bottom:294.89874px;\"><div class=\"t m4 x10 h8 y141a ff1 fs6 fc2 sc0 ls0 ws0\">Stan na<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:511.99878px; bottom:283.82184px;\">31.12.2021 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:267.28583px;\">Najwy\u017cszy <span class=\"_ _6f\"> </span>AAA do AA- wg S&amp;P i Fitch oraz<span class=\"_ _3\"></span> od Aaa do Aa<span class=\"_ _3\"></span>3 wg Moody\u2019s </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:449.1183px; bottom:267.28583px;\">12% </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:557.8625px; bottom:267.28583px;\">10% </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:248.25385px;\">\u015aredniowysoki </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:79.09868px; bottom:248.25385px;\">od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:449.1183px; bottom:248.25385px;\">88% </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:557.8625px; bottom:248.25385px;\">90% </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:410.91074px; bottom:213.93384px;\">Stan na  </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:403.26654px; bottom:197.70984px;\">31.12.2022 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:521.0465px; bottom:213.93384px;\">Stan na </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:514.02673px; bottom:197.70984px;\">31.12.2021<span class=\"ff2\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:179.14587px;\">Kontrahent 1 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:453.81073px; bottom:176.18188px;\">358 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:563.63446px; bottom:176.18188px;\">331 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:160.42584px;\">Kontrahent 2 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:459.41425px; bottom:157.30585px;\">49 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:569.2505px; bottom:157.30585px;\">53 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:141.54987px;\">Kontrahent 3 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:467.85052px; bottom:138.58588px;\">- </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:569.2505px; bottom:138.58588px;\">45 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:122.20587px;\">Razem </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:453.81073px; bottom:119.08588px;\">407 </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:563.63446px; bottom:119.08588px;\">429<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:103.64191px;\">Odpisy <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _53\"></span>zgromadzo<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rachunkach <span class=\"_ _2\"></span>bankowych w <span class=\"_ _53\"></span>funduszach <span class=\"_ _2\"></span>celowych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:89.44592px;\">Funduszu <span class=\"_ _54\"> </span>Lik<span class=\"_ _3\"></span>widacji <span class=\"_ _54\"> </span>Zak<span class=\"_ _3\"></span>\u0142adu <span class=\"_ _54\"> </span>G\u00f3rniczeg<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidualnie <span class=\"_ _54\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _54\"> </span>salda <span class=\"_ _5a\"> </span>dotycz\u0105cego <span class=\"_ _54\"> </span>dan<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>instytucj<span class=\"_ _3\"></span>i </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:75.40588px;\">finansowej. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>oceny <span class=\"_ _0\"></span>ryzyka<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>u\u017cyto <span class=\"_ _53\"></span>zewn\u0119trzne <span class=\"_ _0\"></span>ratingi <span class=\"_ _53\"></span>bank\u00f3w. <span class=\"_ _53\"></span>Analiza <span class=\"_ _0\"></span>wykaza\u0142a, <span class=\"_ _53\"></span>i\u017c <span class=\"_ _0\"></span>aktywa <span class=\"_ _53\"></span>te <span class=\"_ _0\"></span>maj\u0105 <span class=\"_ _53\"></span>niskie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:61.2099px;\">ryzyko  kredytowe  na  dzie\u0144  sprawozdawczy<span class=\"_ _3\"></span>.  Grupa  skorzysta\u0142a  z  uproszczenia  dozwolon<span class=\"_ _3\"></span>ego  przez  standard  i  odpis </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:47.013916px;\">z tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>12-miesi\u0119cznych st<span class=\"_ _2\"></span>rat <span class=\"_ _2\"></span>kredytowych. Kalkulacja <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:32.817932px;\">kwot\u0119 odpisu z ty<span class=\"_ _3\"></span>tu\u0142u utraty warto\u015bci. A<span class=\"_ _3\"></span>ktywa te zaliczone s\u0105 <span class=\"_ _3\"></span>do Stopnia 1 mod<span class=\"_ _3\"></span>elu utraty warto\u015bci. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:18.621948px;\">Ponadto <span class=\"_ _59\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105c<span class=\"_ _3\"></span>a <span class=\"_ _59\"> </span>do<span class=\"_ _2\"></span>kona\u0142a <span class=\"_ _59\"> </span>zmiany <span class=\"_ _59\"> </span>f<span class=\"_ _2\"></span>ormy <span class=\"_ _59\"> </span>Funduszu <span class=\"_ _59\"> </span>Rekultywacji <span class=\"_ _5a\"> </span>Sk\u0142ado<span class=\"_ _3\"></span>wisk <span class=\"_ _59\"> </span>Odpad\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>rachunku </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:4.581909px;\">bankowego na gwar<span class=\"_ _3\"></span>ancj\u0119 bankow\u0105 <span class=\"_ _3\"></span>z dniem 15 lipca 2<span class=\"_ _3\"></span>022 r.<span class=\"_ _192\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-440": {
   "value": "Cz\u0119\u015b\u0107 7 \u2013 Instrumenty finansowe i zarz\u0105dzanie ryzykiem finansowym Nota 7.1 Instrumenty finansowe  Stan na 31.12.2022 Stan na 31.12.2021 Aktywa finansowe W warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo- wanego kosztuInstrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe  521 9010 072 70911 392 615 328 366 5859 598Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia --9 603-9 603--7 867-7 867Pochodne instrumenty finansowe - 5- 709 714- 10- 585 595Inne instrumenty finansowe  wyceniane w warto\u015bci godziwej  521 85-- 606 615 22-- 637Inne instrumenty finansowe  wyceniane w zamortyzowanym koszcie* -- 469- 469-- 499- 499Kr\u00f3tkoterminowe - 8291 926 7553 510- 6322 920 2493 801Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia ------- 447- 447Nale\u017cno\u015bci od odbiorc\u00f3w* - 751 426-1 177- 627 397-1 024Pochodne instrumenty finansowe  - 41- 755 796- 5- 249 254\u015arodki pieni\u0119\u017cne i ekwiwalenty* --1 200-1 200--1 904-1 904   Pozosta\u0142e aktywa finansowe - 37 300- 337-- 172- 172Razem 521 91911 9981 46414 902 615 66411 286 83413 399* W tym salda dotycz\u0105ce aktyw\u00f3w i zobowi\u0105za\u0144 przeznaczonych do zbycia dotycz\u0105ce 2021 r. zaprezentowane w tabeli poni\u017cej. Pe\u0142na informacja dotycz\u0105ca aktyw\u00f3w i zobowi\u0105za\u0144 przeznaczonych do zbyciaStan na 31.12.2022 Stan na 31.12.2021 Zobowi\u0105zania finansowe W warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu                             Instrumenty zabezpie-czaj\u0105ceRazemW warto\u015bci godziwejprzez wynik finansowyWed\u0142ug zamortyzo-wanego kosztu                             Instrumenty zabezpie-czaj\u0105ceRazemD\u0142ugoterminowe  195 460 7006 179 785 6961 0566 830Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych* -5 220-5 220-5 475-5 475Pochodne instrumenty finansowe  19- 700 719 78-1 0561 134   Pozosta\u0142e zobowi\u0105zania finansowe - 240- 240- 221- 221Kr\u00f3tkoterminowe  1884 440 2804 908 2003 587 8484 635Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych* -1 223-1 223- 474- 474Pochodne instrumenty finansowe  154- 280 434 41- 848 889Zobowi\u0105zania wobec dostawc\u00f3w* -3 076-3 076-2 919-2 919Zobowi\u0105zania podobne - faktoring d\u0142u\u017cny - 18- 18- 95- 95   Pozosta\u0142e zobowi\u0105zania finansowe*  34 123- 157 159 99- 258Razem  2079 900 98011 087 2789 2831 90411 465*W tym salda dotycz\u0105ce aktyw\u00f3w i zobowi\u0105za\u0144 przeznaczonych do zbycia dotycz\u0105ce 2021 r. zaprezentowane w tabelach poni\u017cej. Stan na 31.12.2021 Aktywa finansowe - przeznaczone do sprzeda\u017cy (grupa zbycia) W warto\u015bci godziwej przez wynik finansowy Wed\u0142ug zamortyzo- wanego kosztu Razem D\u0142ugoterminowe - 3 3 Inne instrumenty finansowe  wyceniane w zamortyzowanym koszcie - 3 3 Kr\u00f3tkoterminowe  13 22 35 Nale\u017cno\u015bci od odbiorc\u00f3w  13 2 15 \u015arodki pieni\u0119\u017cne i ekwiwalenty - 20 20 Razem     13 25 38 Stan na 31.12.2021 Aktywa finansowe - z wy\u0142\u0105czeniem aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia) W warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody W warto\u015bci godziwej przez wynik finansowy Wed\u0142ug zamortyzo- wanego kosztu Instrumenty zabezpie- czaj\u0105ce Razem D\u0142ugoterminowe  615 32 8 363 585 9 595 Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia - - 7 867 - 7 867 Pochodne instrumenty finansowe - 10 - 585 595 Inne instrumenty finansowe  wyceniane w warto\u015bci godziwej  615 22 - - 637 Inne instrumenty finansowe  wyceniane w zamortyzowanym koszcie - - 496 - 496 Kr\u00f3tkoterminowe - 619 2 898 249 3 766 Po\u017cyczki udzielone na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia - - 447 - 447 Nale\u017cno\u015bci od odbiorc\u00f3w - 614 395 - 1 009 Pochodne instrumenty finansowe  - 5 - 249 254 \u015arodki pieni\u0119\u017cne i ekwiwalenty - - 1 884 - 1 884   Pozosta\u0142e aktywa finansowe - - 172 - 172 Razem 615 651 11 261 834 13 36 Stan na 31.12.2021 Zobowi\u0105zania finansowe - z wy\u0142\u0105czeniem zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia W warto\u015bci godziwej przez wynik finansowy Wed\u0142ug zamortyzo- wanego kosztu                             Instrumenty zabezpie- czaj\u0105ce Razem D\u0142ugoterminowe  78 5 630 1 056 6 764 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych - 5 409 - 5 409 Pochodne instrumenty finansowe  78 - 1 056 1 134   Pozosta\u0142e zobowi\u0105zania finansowe - 221 - 221 Kr\u00f3tkoterminowe  200 3 521 848 4 569 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w,  po\u017cyczek, leasingu oraz d\u0142u\u017cnych  papier\u00f3w warto\u015bciowych - 455 - 455 Pochodne instrumenty finansowe  41 - 848 889 Zobowi\u0105zania wobec dostawc\u00f3w - 2 879 - 2 879 Zobowi\u0105zania podobne - faktoring d\u0142u\u017cny - 95 - 95   Pozosta\u0142e zobowi\u0105zania finansowe  159 92 - 251 Razem  278 9 151 1 904 11 333 Hierarchia warto\u015bci godziwej instrument\u00f3w finansowych  Stan na 31.12.2022 Stan na 31.12.2021 warto\u015b\u0107 godziwa warto\u015b\u0107 bilansowawarto\u015b\u0107 godziwa warto\u015b\u0107 bilansowaKlasy instrument\u00f3w finansowych poziom 1poziom 2poziom 3poziom 1poziom 2poziom  3Po\u017cyczki udzielone  - 207 7879 623- 228 1938 336Akcje notowane  422-- 422 516-- 516Akcje nienotowane - 99- 99- 99- 99Nale\u017cno\u015bci od odbiorc\u00f3w - 751- 751- 627- 627Pochodne instrumenty finansowe, z tego: - 357- 357-(1 174)-(1 174)     aktywa  -1 510-1 510- 849- 849     zobowi\u0105zania -(1 153)-(1 153)-(2 023)-(2 023)D\u0142ugoterminowe kredyty i po\u017cyczki otrzymane -(2 560)-(2 560)-(2 913)-(2 901)D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe (1 952)--(2 000)(2 034)--(2 000)Pozosta\u0142e aktywa finansowe - 3765 102----Pozosta\u0142e zobowi\u0105zania finansowe -( 34)-( 34)-( 159)-( 159)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "Hierarchia warto\u015bci godziwej instrument\u00f3w finansowych  Stan na 31.12.2022 Stan na 31.12.2021 warto\u015b\u0107 godziwa warto\u015b\u0107 bilansowawarto\u015b\u0107 godziwa warto\u015b\u0107 bilansowaKlasy instrument\u00f3w finansowych poziom 1poziom 2poziom 3poziom 1poziom 2poziom  3Po\u017cyczki udzielone  - 207 7879 623- 228 1938 336Akcje notowane  422-- 422 516-- 516Akcje nienotowane - 99- 99- 99- 99Nale\u017cno\u015bci od odbiorc\u00f3w - 751- 751- 627- 627Pochodne instrumenty finansowe, z tego: - 357- 357-(1 174)-(1 174)     aktywa  -1 510-1 510- 849- 849     zobowi\u0105zania -(1 153)-(1 153)-(2 023)-(2 023)D\u0142ugoterminowe kredyty i po\u017cyczki otrzymane -(2 560)-(2 560)-(2 913)-(2 901)D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe (1 952)--(2 000)(2 034)--(2 000)Pozosta\u0142e aktywa finansowe - 3765 102----Pozosta\u0142e zobowi\u0105zania finansowe -( 34)-( 34)-( 159)-( 159)Grupa nie ujawnia warto\u015bci godziwej instrument\u00f3w finansowych wycenianych w sprawozdaniu z sytuacji finansowej w zamortyzowanym koszcie (za wyj\u0105tkiem udzielonych po\u017cyczek, otrzymanych d\u0142ugoterminowych kredyt\u00f3w i po\u017cyczek oraz d\u0142ugoterminowych d\u0142u\u017cnych papier\u00f3w warto\u015bciowych), poniewa\u017c korzysta ze zwolnienia wynikaj\u0105cego z MSSF 7.29 (Ujawnianie informacji o warto\u015bci godziwej nie jest wymagane, gdy warto\u015b\u0107 bilansowa jest zasadniczo zbli\u017cona do warto\u015bci godziwej). W bie\u017c\u0105cym okresie sprawozdawczym w Grupie nie dokonano przesuni\u0119\u0107 mi\u0119dzy poszczeg\u00f3lnymi poziomami hierarchii warto\u015bci godziwej instrument\u00f3w finansowych.Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych. Poziom 1 Akcje notowane Akcje wyceniono w oparciu o notowania GPW w Warszawie S.A. oraz TSX Venture Exchange w Toronto.  D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe wyceniono w oparciu o notowania na rynku Catalyst prowadzone na GPW w Warszawie S.A.  Poziom 2 Akcje/udzia\u0142y nienotowane Akcje/udzia\u0142y  nienotowane  wyceniane  s\u0105  z  zastosowaniem  wyceny  maj\u0105tkowej  wg  skorygowanych  aktyw\u00f3w  netto. Do wyceny zosta\u0142y wykorzystane dane wej\u015bciowe inne ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re s\u0105 obserwowalne (np. ceny transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny,  rynkowe  stopy  procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych).  Nale\u017cno\u015bci od odbiorc\u00f3w Nale\u017cno\u015bci  z  tytu\u0142u  realizacji  transakcji  sprzeda\u017cy  dla  kontrakt\u00f3w  rozliczaj\u0105cych  si\u0119  ostatecznie  wg  cen  z przysz\u0142o\u015bci, wyceniono do cen  terminowych w  zale\u017cno\u015bci od okresu/miesi\u0105ca kwotowania umownego.  Ceny  terminowe  uzyskuje  si\u0119 z systemu Reuters.   Dla  nale\u017cno\u015bci  obj\u0119tych  faktoringiem  pe\u0142nym  warto\u015b\u0107  godziw\u0105  ustala  si\u0119  na  poziomie  warto\u015bci  nale\u017cno\u015bci  przekazanej do faktora (warto\u015b\u0107 nominalna z faktury) pomniejszonej o odsetki stanowi\u0105ce wynagrodzenie faktora. Ze wzgl\u0119du na kr\u00f3tki okres pomi\u0119dzy przekazaniem nale\u017cno\u015bci do faktora a jej sp\u0142at\u0105, warto\u015bci godziwej nie  koryguje si\u0119 o  ryzyko  kredytowe faktora i wp\u0142yw up\u0142ywu czasu. Po\u017cyczki udzielone W pozycji tej uj\u0119to po\u017cyczki wycenione w warto\u015bci godziwej dla kt\u00f3rych warto\u015b\u0107 godziwa  zosta\u0142a oszacowana na bazie przep\u0142yw\u00f3w  kontraktowych  (z  umowy)  przy  wykorzystaniu  modelu  zdyskontowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych z uwzgl\u0119dnieniem ryzyka kredytowego po\u017cyczkobiorcy. Pozosta\u0142e aktywa/zobowi\u0105zania finansowe W pozycji tej uj\u0119to nale\u017cno\u015bci/zobowi\u0105zania z tytu\u0142u rozliczenia pochodnych instrument\u00f3w finansowych, kt\u00f3rych termin p\u0142atno\u015bci  przypada  dwa  dni  robocze  po  dniu  ko\u0144cz\u0105cym  okres  sprawozdawczy.  Instrumenty  te  wycenione  zosta\u0142y  do warto\u015bci godziwej ustalonej wed\u0142ug ceny referencyjnej rozliczenia tych transakcji. Pochodne instrumenty finansowe \u2013 walutowe oraz walutowo-odsetkowe W  przypadku  transakcji  instrument\u00f3w  pochodnych  na  rynku  walutowym  oraz  transakcji  walutowo-odsetkowych  (CIRS), w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119 cenami terminowymi na daty zapadalno\u015bci poszczeg\u00f3lnych transakcji. Cena terminowa dla kurs\u00f3w walutowych obliczona zosta\u0142a na podstawie fixingu i odpowiednich st\u00f3p procentowych. Stopy procentowe  dla  walut  oraz  wska\u017aniki  zmienno\u015bci  ich  kurs\u00f3w  s\u0105  uzyskiwane  z serwisu  Reuters.  Do  wyceny  opcji europejskich na rynkach walutowych pos\u0142u\u017cono si\u0119 standardowym modelem Garmana-Kohlhagena. Pochodne instrumenty finansowe \u2013 metale  W przypadku transakcji instrument\u00f3w pochodnych na rynku towarowym, w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119  cenami  terminowymi  na  daty  zapadalno\u015bci  poszczeg\u00f3lnych  transakcji.  W  przypadku  miedzi  u\u017cyto  oficjalne  ceny zamkni\u0119cia London Metal Exchange, a w odniesieniu do srebra oraz z\u0142ota - ceny fixing ustalonej na London Bullion Market Association. Wska\u017aniki zmienno\u015bci oraz krzywe terminowe s\u0142u\u017c\u0105ce do wyceny instrument\u00f3w pochodnych na koniec okresu sprawozdawczego  uzyskano  z systemu  Reuters.  Do  wyceny  opcji  azjatyckich  na  rynkach  metali  wykorzystana  zosta\u0142a aproksymacja Levy\u2019ego do metodologii Blacka-Scholesa. Otrzymane d\u0142ugoterminowe kredyty i po\u017cyczki Warto\u015b\u0107  godziwa  kredyt\u00f3w  i  po\u017cyczek  szacowana  jest  poprzez  zdyskontowanie  zwi\u0105zanych  z  tymi  zobowi\u0105zaniami przep\u0142yw\u00f3w finansowych w terminach i na warunkach wynikaj\u0105cych z um\u00f3w przy zastosowaniu bie\u017c\u0105cych st\u00f3p. Warto\u015b\u0107 godziwa r\u00f3\u017cni si\u0119 od warto\u015bci bilansowej o kwot\u0119 prowizji zap\u0142aconych w zwi\u0105zku z otrzymanym finansowaniem. Poziom 3 Po\u017cyczki udzielone  Do  kategorii  tej  zaliczamy  po\u017cyczki  udzielone  wyceniane  w  sprawozdaniu  z  sytuacji  finansowej  w  zamortyzowanym koszcie,  ze  wzgl\u0119du  na  wykorzystanie  w wycenie  do  warto\u015bci  godziwej  za\u0142o\u017ce\u0144  nieobserwowalnych.  W  oszacowaniu warto\u015bci  godziwej  tych  po\u017cyczek  istotnym  elementem  szacunku  s\u0105  prognozowane  przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda S.C.M.,  kt\u00f3re  stanowi\u0105  nieobserwowalne  dane  wej\u015bciowe  i  zgodnie  z  MSSF  13  warto\u015b\u0107  godziwa  tych  aktyw\u00f3w klasyfikowana  jest  do poziomu  3  hierarchii.  Stopa  dyskonta  przyj\u0119ta  do  wyliczenia  warto\u015bci  godziwej  po\u017cyczek wycenianych w zamortyzowanym koszcie wynosi 9,75% ( na dzie\u0144 31 grudnia 2021 r. 8%). Szczeg\u00f3\u0142owe  ujawnienia  w  zakresie  za\u0142o\u017ce\u0144  przyj\u0119tych  do  wyceny  po\u017cyczek  zaprezentowano  w  Nocie  6.2,  natomiast wra\u017cliwo\u015b\u0107  warto\u015bci  godziwej  zakwalifikowanej  do  poziomu  3  dla  udzielonych  po\u017cyczek  w  Nocie  7.5.2.4.  Na  dzie\u0144 31 grudnia  2022  r.  za\u0142o\u017cenia  przyj\u0119te  do  prognozowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  zastosowane  do  wyceny  warto\u015bci godziwej s\u0105 sp\u00f3jne z za\u0142o\u017ceniami dot. obliczenia warto\u015bci bilansowej, natomiast r\u00f3\u017cnica pomi\u0119dzy warto\u015bci\u0105 bilansowa a warto\u015bci\u0105 godziw\u0105 wynika z przyj\u0119cia r\u00f3\u017cnych st\u00f3p dyskontowych. Pozosta\u0142e aktywa finansowe W pozycji tej uj\u0119to nale\u017cno\u015b\u0107 z tytu\u0142u p\u0142atno\u015bci warunkowych zwi\u0105zanych z umow\u0105 zbycia sp\u00f3\u0142ki zale\u017cnej S.C.M. Franke, kt\u00f3ra zosta\u0142a oszacowana na podstawie modelu prawdopodobie\u0144stwa, wynikaj\u0105cego z oferty wi\u0105\u017c\u0105cej z uwzgl\u0119dnieniem dyskonta dla wyp\u0142at na lata przysz\u0142e. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych. Poziom 1 Akcje notowane Akcje wyceniono w oparciu o notowania GPW w Warszawie S.A. oraz TSX Venture Exchange w Toronto.  D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe wyceniono w oparciu o notowania na rynku Catalyst prowadzone na GPW w Warszawie S.A.  Poziom 2 Akcje/udzia\u0142y nienotowane Akcje/udzia\u0142y  nienotowane  wyceniane  s\u0105  z  zastosowaniem  wyceny  maj\u0105tkowej  wg  skorygowanych  aktyw\u00f3w  netto. Do wyceny zosta\u0142y wykorzystane dane wej\u015bciowe inne ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re s\u0105 obserwowalne (np. ceny transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny,  rynkowe  stopy  procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych).  Nale\u017cno\u015bci od odbiorc\u00f3w Nale\u017cno\u015bci  z  tytu\u0142u  realizacji  transakcji  sprzeda\u017cy  dla  kontrakt\u00f3w  rozliczaj\u0105cych  si\u0119  ostatecznie  wg  cen  z przysz\u0142o\u015bci, wyceniono do cen  terminowych w  zale\u017cno\u015bci od okresu/miesi\u0105ca kwotowania umownego.  Ceny  terminowe  uzyskuje  si\u0119 z systemu Reuters.   Dla  nale\u017cno\u015bci  obj\u0119tych  faktoringiem  pe\u0142nym  warto\u015b\u0107  godziw\u0105  ustala  si\u0119  na  poziomie  warto\u015bci  nale\u017cno\u015bci  przekazanej do faktora (warto\u015b\u0107 nominalna z faktury) pomniejszonej o odsetki stanowi\u0105ce wynagrodzenie faktora. Ze wzgl\u0119du na kr\u00f3tki okres pomi\u0119dzy przekazaniem nale\u017cno\u015bci do faktora a jej sp\u0142at\u0105, warto\u015bci godziwej nie  koryguje si\u0119 o  ryzyko  kredytowe faktora i wp\u0142yw up\u0142ywu czasu. Po\u017cyczki udzielone W pozycji tej uj\u0119to po\u017cyczki wycenione w warto\u015bci godziwej dla kt\u00f3rych warto\u015b\u0107 godziwa  zosta\u0142a oszacowana na bazie przep\u0142yw\u00f3w  kontraktowych  (z  umowy)  przy  wykorzystaniu  modelu  zdyskontowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych z uwzgl\u0119dnieniem ryzyka kredytowego po\u017cyczkobiorcy. Pozosta\u0142e aktywa/zobowi\u0105zania finansowe W pozycji tej uj\u0119to nale\u017cno\u015bci/zobowi\u0105zania z tytu\u0142u rozliczenia pochodnych instrument\u00f3w finansowych, kt\u00f3rych termin p\u0142atno\u015bci  przypada  dwa  dni  robocze  po  dniu  ko\u0144cz\u0105cym  okres  sprawozdawczy.  Instrumenty  te  wycenione  zosta\u0142y  do warto\u015bci godziwej ustalonej wed\u0142ug ceny referencyjnej rozliczenia tych transakcji. Pochodne instrumenty finansowe \u2013 walutowe oraz walutowo-odsetkowe W  przypadku  transakcji  instrument\u00f3w  pochodnych  na  rynku  walutowym  oraz  transakcji  walutowo-odsetkowych  (CIRS), w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119 cenami terminowymi na daty zapadalno\u015bci poszczeg\u00f3lnych transakcji. Cena terminowa dla kurs\u00f3w walutowych obliczona zosta\u0142a na podstawie fixingu i odpowiednich st\u00f3p procentowych. Stopy procentowe  dla  walut  oraz  wska\u017aniki  zmienno\u015bci  ich  kurs\u00f3w  s\u0105  uzyskiwane  z serwisu  Reuters.  Do  wyceny  opcji europejskich na rynkach walutowych pos\u0142u\u017cono si\u0119 standardowym modelem Garmana-Kohlhagena. Pochodne instrumenty finansowe \u2013 metale  W przypadku transakcji instrument\u00f3w pochodnych na rynku towarowym, w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119  cenami  terminowymi  na  daty  zapadalno\u015bci  poszczeg\u00f3lnych  transakcji.  W  przypadku  miedzi  u\u017cyto  oficjalne  ceny zamkni\u0119cia London Metal Exchange, a w odniesieniu do srebra oraz z\u0142ota - ceny fixing ustalonej na London Bullion Market Association. Wska\u017aniki zmienno\u015bci oraz krzywe terminowe s\u0142u\u017c\u0105ce do wyceny instrument\u00f3w pochodnych na koniec okresu sprawozdawczego  uzyskano  z systemu  Reuters.  Do  wyceny  opcji  azjatyckich  na  rynkach  metali  wykorzystana  zosta\u0142a aproksymacja Levy\u2019ego do metodologii Blacka-Scholesa. Otrzymane d\u0142ugoterminowe kredyty i po\u017cyczki Warto\u015b\u0107  godziwa  kredyt\u00f3w  i  po\u017cyczek  szacowana  jest  poprzez  zdyskontowanie  zwi\u0105zanych  z  tymi  zobowi\u0105zaniami przep\u0142yw\u00f3w finansowych w terminach i na warunkach wynikaj\u0105cych z um\u00f3w przy zastosowaniu bie\u017c\u0105cych st\u00f3p. Warto\u015b\u0107 godziwa r\u00f3\u017cni si\u0119 od warto\u015bci bilansowej o kwot\u0119 prowizji zap\u0142aconych w zwi\u0105zku z otrzymanym finansowaniem. Poziom 3 Po\u017cyczki udzielone  Do  kategorii  tej  zaliczamy  po\u017cyczki  udzielone  wyceniane  w  sprawozdaniu  z  sytuacji  finansowej  w  zamortyzowanym koszcie,  ze  wzgl\u0119du  na  wykorzystanie  w wycenie  do  warto\u015bci  godziwej  za\u0142o\u017ce\u0144  nieobserwowalnych.  W  oszacowaniu warto\u015bci  godziwej  tych  po\u017cyczek  istotnym  elementem  szacunku  s\u0105  prognozowane  przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda S.C.M.,  kt\u00f3re  stanowi\u0105  nieobserwowalne  dane  wej\u015bciowe  i  zgodnie  z  MSSF  13  warto\u015b\u0107  godziwa  tych  aktyw\u00f3w klasyfikowana  jest  do poziomu  3  hierarchii.  Stopa  dyskonta  przyj\u0119ta  do  wyliczenia  warto\u015bci  godziwej  po\u017cyczek wycenianych w zamortyzowanym koszcie wynosi 9,75% ( na dzie\u0144 31 grudnia 2021 r. 8%). Szczeg\u00f3\u0142owe  ujawnienia  w  zakresie  za\u0142o\u017ce\u0144  przyj\u0119tych  do  wyceny  po\u017cyczek  zaprezentowano  w  Nocie  6.2,  natomiast wra\u017cliwo\u015b\u0107  warto\u015bci  godziwej  zakwalifikowanej  do  poziomu  3  dla  udzielonych  po\u017cyczek  w  Nocie  7.5.2.4.  Na  dzie\u0144 31 grudnia  2022  r.  za\u0142o\u017cenia  przyj\u0119te  do  prognozowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  zastosowane  do  wyceny  warto\u015bci godziwej s\u0105 sp\u00f3jne z za\u0142o\u017ceniami dot. obliczenia warto\u015bci bilansowej, natomiast r\u00f3\u017cnica pomi\u0119dzy warto\u015bci\u0105 bilansowa a warto\u015bci\u0105 godziw\u0105 wynika z przyj\u0119cia r\u00f3\u017cnych st\u00f3p dyskontowych. Pozosta\u0142e aktywa finansowe W pozycji tej uj\u0119to nale\u017cno\u015b\u0107 z tytu\u0142u p\u0142atno\u015bci warunkowych zwi\u0105zanych z umow\u0105 zbycia sp\u00f3\u0142ki zale\u017cnej S.C.M. Franke, kt\u00f3ra zosta\u0142a oszacowana na podstawie modelu prawdopodobie\u0144stwa, wynikaj\u0105cego z oferty wi\u0105\u017c\u0105cej z uwzgl\u0119dnieniem dyskonta dla wyp\u0142at na lata przysz\u0142e. Nota 7.2 Pochodne instrumenty finansowe Zasady rachunkowo\u015bci Pochodne instrumenty finansowe  zalicza  si\u0119 do  aktyw\u00f3w/zobowi\u0105za\u0144 finansowych wycenianych w  warto\u015bci godziwej przez wynik finansowy, o ile nie zosta\u0142y wyznaczone jako instrumenty zabezpieczaj\u0105ce. Transakcje kupna lub sprzeda\u017cy instrument\u00f3w pochodnych ujmuje si\u0119 na dzie\u0144 przeprowadzenia (zawarcia) transakcji.  Instrumenty pochodne nie wyznaczone jako zabezpieczaj\u0105ce, okre\u015blane jako instrumenty pochodne handlowe, ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci godziwej z uj\u0119ciem zysk\u00f3w/strat z wyceny w wyniku finansowym.  W Grupie Kapita\u0142owej KGHM Polska Mied\u017a S.A. Jednostka Dominuj\u0105ca  stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Celem  stosowania  rachunkowo\u015bci  zabezpiecze\u0144  jest  ograniczenie  zmienno\u015bci  wyniku  netto  Jednostki Dominuj\u0105cej, wynikaj\u0105cej z  okresowych zmian wyceny  transakcji  zabezpieczaj\u0105cych poszczeg\u00f3lne  ryzyka rynkowe, na kt\u00f3re  nara\u017cona  jest  Jednostka Dominuj\u0105ca.  Instrumentami  zabezpieczaj\u0105cymi  mog\u0105  by\u0107  instrumenty  pochodne  oraz kredyty i po\u017cyczki w walucie obcej.  Wyznaczane  zabezpieczenia  dotycz\u0105  przysz\u0142ych  prognozowanych transakcji  sprzeda\u017cy  przyj\u0119tych  w  Planie  Sprzeda\u017cy na dany rok. Plany te sporz\u0105dzane s\u0105 w oparciu o mo\u017cliwo\u015bci produkcyjne na dany okres. Jednostka Dominuj\u0105ca ocenia prawdopodobie\u0144stwo wyst\u0105pienia transakcji uj\u0119tych w planie produkcji jako bardzo wysokie, poniewa\u017c z historycznego punktu  widzenia sprzeda\u017c  zawsze  realizowana by\u0142a  na  poziomach  za\u0142o\u017conych  w  poszczeg\u00f3lnych  Planach  Sprzeda\u017cy. Pozycj\u0119 zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie\u017c przysz\u0142e przep\u0142ywy z tytu\u0142u koszt\u00f3w odsetkowych od wyemitowanych obligacji w PLN. Jednostka  Dominuj\u0105ca  mo\u017ce  korzysta\u0107  z  naturalnych  zabezpiecze\u0144  ryzyka  walutowego  poprzez  zastosowanie rachunkowo\u015bci zabezpiecze\u0144 w stosunku do kredyt\u00f3w i po\u017cyczek denominowanych w USD, wyznaczaj\u0105c je jako pozycje zabezpieczaj\u0105ce  przed  ryzykiem  kursu  walutowego  zwi\u0105zanego  z  przysz\u0142ymi  przychodami  Jednostki  Dominuj\u0105cej ze sprzeda\u017cy miedzi, srebra i innych metali, denominowanych w USD. Zyski  i  straty  wynikaj\u0105ce ze  zmiany warto\u015bci  godziwej  instrumentu  zabezpieczaj\u0105cego przep\u0142ywy pieni\u0119\u017cne  ujmowane s\u0105 w pozosta\u0142ych  ca\u0142kowitych  dochodach,  w  takiej  cz\u0119\u015bci,  w  jakiej  dany  instrument  stanowi  skuteczne  zabezpieczenie zwi\u0105zanej  z nim  pozycji  zabezpieczanej.  Grupa  ujmuje  w  kapita\u0142ach  z  wyceny  cz\u0119\u015b\u0107  zmiany  instrumentu zabezpieczaj\u0105cego wynikaj\u0105cej ze zmiany warto\u015bci czasowej opcji, elementu terminowego oraz mar\u017cy walutowej. Cz\u0119\u015b\u0107 nieskuteczn\u0105 odnosi  si\u0119  do wyniku finansowego jako  pozosta\u0142e  przychody i koszty operacyjne. Zyski  lub straty powsta\u0142e  na  instrumencie  zabezpieczaj\u0105cym  przep\u0142ywy  pieni\u0119\u017cne  odnoszone  s\u0105 do wyniku  jako  korekta z przeklasyfikowania w momencie, gdy dana pozycja zabezpieczana wp\u0142ywa na wynik. Zaprzestaje  si\u0119  ujmowania instrument\u00f3w  pochodnych  jako  zabezpieczaj\u0105cych,  je\u017celi  instrument  pochodny  wyga\u015bnie, zostanie  sprzedany,  wypowiedziany,  zrealizowany  lub  je\u017celi  zmianie  uleg\u0142  cel  zarz\u0105dzania  ryzykiem  dla  danego powi\u0105zania.  Jednostka Dominuj\u0105ca mo\u017ce podj\u0105\u0107 decyzj\u0119 o ustanowieniu dla danego instrumentu pochodnego nowego powi\u0105zania zabezpieczaj\u0105cego,  dokona\u0107  zmiany  przeznaczenia  instrumentu  pochodnego  b\u0105d\u017a  wyznaczy\u0107  go  do  zabezpieczenia innego  rodzaju  ryzyka.  W\u00f3wczas,  dla zabezpiecze\u0144  przep\u0142yw\u00f3w  \u015brodk\u00f3w  pieni\u0119\u017cnych,  zyski  lub  straty  powsta\u0142e w okresach, w kt\u00f3rych zabezpieczenie by\u0142o efektywne pozostaj\u0105 w skumulowanych pozosta\u0142ych ca\u0142kowitych dochodach a\u017c do momentu, w kt\u00f3rym zabezpieczana pozycja wp\u0142ynie na wynik. Je\u015bli zabezpieczenie prognozowanej transakcji przestanie funkcjonowa\u0107 ze wzgl\u0119du na zaistnia\u0142e prawdopodobie\u0144stwo, \u017ce planowana  transakcja  nie  zostanie  zawarta,  w\u00f3wczas  zysk  lub  strata  netto  uj\u0119ta  w  pozosta\u0142ych  ca\u0142kowitych dochodach zostaje natychmiast przeniesiona do wyniku finansowego jako korekta wynikaj\u0105ca z przeklasyfikowania.    Je\u017celi umowa hybrydowa zawiera instrument podstawowy, kt\u00f3ry nie jest sk\u0142adnikiem aktyw\u00f3w finansowych, instrument pochodny  jest  oddzielany  od  instrumentu  podstawowego  i  jest  wyceniany  zgodnie  z  zasadami  przewidzianymi dla instrument\u00f3w  pochodnych,  wy\u0142\u0105cznie  gdy  (i)  ekonomiczna  charakterystyka  i  ryzyka  instrumentu  wbudowanego nie s\u0105 \u015bci\u015ble  powi\u0105zane  z  charakterem  umowy  zasadniczej  i  ryzykami  z  niej  wynikaj\u0105cymi,  (ii)  odr\u0119bny  instrument, kt\u00f3rego charakterystyka odpowiada cechom wbudowanego instrumentu pochodnego, spe\u0142nia\u0142by warunki instrumentu pochodnego,  oraz  (iii)  instrument  \u0142\u0105czny  nie  jest  zaliczany  do  aktyw\u00f3w  finansowych  wycenianych  wed\u0142ug  warto\u015bci godziwej,  kt\u00f3rych  skutki  przeszacowania  s\u0105  odnoszone  do  pozosta\u0142ych  przychod\u00f3w  lub    pozosta\u0142ych  koszt\u00f3w operacyjnych  okresu  sprawozdawczego.  Je\u017celi  wbudowany  instrument  pochodny  jest  wydzielany,  instrument podstawowy  jest  wyceniany  zgodnie  z  odpowiednimi  dla niego  zasadami  rachunkowo\u015bci.  Jednostka  Dominuj\u0105ca wydziela wbudowane instrumenty pochodne w transakcjach  zakupu surowc\u00f3w z terminem rozliczenia w przysz\u0142o\u015bci po dacie uj\u0119cia faktury zakupu w ksi\u0119gach rachunkowych do dnia ostatecznego rozlic zenia transakcji. J e\u017celi  umowa  hybrydowa  zawiera  instrument  podstawowy,  kt\u00f3ry  jest  sk\u0142adnikiem  aktyw\u00f3w  finansowych,  kryteria przewidziane dla klasyfikacji aktyw\u00f3w finansowych stosuje si\u0119 do \u0142\u0105cznej umowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyceny do warto\u015bci godziwej instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1, w  punkcie  \u201e Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych\u201d  oraz w tabelach w Nocie 7.2 poni\u017cej. Zasady rachunkowo\u015bci Pozycja  \u201eInne  instrumenty  finansowe  wyceniane  w  warto\u015bci godziwej\u201d  obejmuje  g\u0142\u00f3wnie:  udzia\u0142y  i  akcje  (notowane i nienotowane),  kt\u00f3re  nie  zosta\u0142y  nabyte  z  przeznaczeniem  do  obrotu  i  dla  kt\u00f3rych  dokonano  wyboru  opcji  wyceny w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody w celu ograniczenia fluktuacji wyniku oraz udzielone po\u017cyczki  wyceniane w warto\u015bci godziwej przez wynik finansowy, poniewa\u017c nie zda\u0142y testu umownych przep\u0142yw\u00f3w pieni\u0119\u017cnych (SPPI), gdy\u017c w strukturze finansowania na ostatnim etapie u docelowego odbiorcy \u015brodk\u00f3w pieni\u0119\u017cnych d\u0142ug zamienia si\u0119 na udzia\u0142 kapita\u0142owy, w zwi\u0105zku z czym zosta\u0142y zakwalifikowane do tej kategorii wyceny obowi\u0105zkowo. Udzia\u0142y i akcje ujmowane s\u0105 pocz\u0105tkowo w warto\u015bci godziwej powi\u0119kszonej o koszty transakcyjne, a na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy wyceniane s\u0105  w warto\u015bci godziwej  z  uj\u0119ciem zysk\u00f3w/strat z  wyceny w pozosta\u0142ych ca\u0142kowitych dochodach.  Kwot  odniesionych  w  skumulowane  pozosta\u0142e  ca\u0142kowite  dochody  nie  przenosi  si\u0119  p\u00f3\u017aniej  do  wyniku finansowego,  natomiast  skumulowane  zyski/straty  na  danym  instrumencie  kapita\u0142owym  przenosi  si\u0119  w  ramach kapita\u0142\u00f3w do zysk\u00f3w zatrzymanych w momencie zaprzestania ujmowania instrumentu kapita\u0142owego. Dywidendy z takich inwestycji ujmuje si\u0119 w wyniku finansowym.  Przeliczenia pozycji wyra\u017conych w walucie obcej dokonuje si\u0119 wed\u0142ug zasad rachunkowo\u015bci opisanych w Nocie 1.2 Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Warto\u015b\u0107  godziw\u0105  akcji  nienotowanych  i  udzia\u0142\u00f3w  ustala  si\u0119  z  zastosowaniem  wyceny maj\u0105tkowej  wg  metody skorygowanych aktyw\u00f3w netto. Zastosowanie tej metody wynika ze specyfiki aktyw\u00f3w sp\u00f3\u0142ek, kt\u00f3rych udzia\u0142y podlegaj\u0105 wycenie.  Do  wyceny  zosta\u0142y  wykorzystane  dane  wej\u015bciowe  inne  ni\u017c  pochodz\u0105ce  z  aktywnego  rynku,  kt\u00f3re  s\u0105 obserwowalne  (np.  ceny  transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny, rynkowe stopy procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych). Warto\u015b\u0107 godziw\u0105 akcji notowanych na gie\u0142dzie ustala si\u0119 w oparciu o kurs zamkni\u0119cia notowa\u0144 akcji na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy. Warto\u015b\u0107  godziwa  po\u017cyczki  ustalana  jest  jako  warto\u015b\u0107  bie\u017c\u0105ca  przysz\u0142ych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  z  uwzgl\u0119dnieniem zmiany czynnik\u00f3w ryzyka rynkowego i kredytowego w trakcie \u017cycia po\u017cyczki . Zasady rachunkowo\u015bci Wa\u017cne oszacowania za\u0142o\u017cenia i os\u0105dy W  pozycji  inne  instrumenty  finansowe  wyceniane w zamortyzowanym koszcie wykazuje si\u0119 aktywa finansowe przeznaczone  na  pokrycie  koszt\u00f3w  likwidacji  kopal\u0144 (zasady  rachunkowo\u015bci  w zakresie  obowi\u0105zku  likwidacji kopal\u0144  przedstawiono  w  Nocie  9.4)  oraz  inne  aktywa finansowe nie zaklasyfikowane do pozosta\u0142ych pozycji. Aktywa  zaliczone  zgodnie  z  MSSF  9  do  kategorii \u201ewyceniane  w zamortyzowanym  koszcie\u201d  ujmuje  si\u0119 pocz\u0105tkowo  w warto\u015bci  godziwej  skorygowanej  o  koszty transakcyjne,  kt\u00f3re  mo\u017cna  bezpo\u015brednio  przypisa\u0107  do nabycia  tych  aktyw\u00f3w  oraz  wycenia  na  dzie\u0144  ko\u0144cz\u0105cy okres  sprawozdawczy  wed\u0142ug  zamortyzowanego  kosztu przy zastosowaniu metody efektywnej stopy procentowej, z uwzgl\u0119dnieniem utraty warto\u015bci. Analiza  wra\u017cliwo\u015bci  na  ryzyko  zmian  st\u00f3p  procentowych \u015brodk\u00f3w  pieni\u0119\u017cnych  zgromadzonych  na  rachunku bankowym Funduszu  Likwidacji  Zak\u0142adu  G\u00f3rniczego  oraz inwestycji w d\u0142u\u017cne papiery warto\u015bciowe zaprezentowana zosta\u0142a w Nocie 7.5.1.4. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-441": {
   "value": "Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych. Poziom 1 Akcje notowane Akcje wyceniono w oparciu o notowania GPW w Warszawie S.A. oraz TSX Venture Exchange w Toronto.  D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe D\u0142ugoterminowe d\u0142u\u017cne papiery warto\u015bciowe wyceniono w oparciu o notowania na rynku Catalyst prowadzone na GPW w Warszawie S.A.  Poziom 2 Akcje/udzia\u0142y nienotowane Akcje/udzia\u0142y  nienotowane  wyceniane  s\u0105  z  zastosowaniem  wyceny  maj\u0105tkowej  wg  skorygowanych  aktyw\u00f3w  netto. Do wyceny zosta\u0142y wykorzystane dane wej\u015bciowe inne ni\u017c pochodz\u0105ce z aktywnego rynku, kt\u00f3re s\u0105 obserwowalne (np. ceny transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny,  rynkowe  stopy  procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych).  Nale\u017cno\u015bci od odbiorc\u00f3w Nale\u017cno\u015bci  z  tytu\u0142u  realizacji  transakcji  sprzeda\u017cy  dla  kontrakt\u00f3w  rozliczaj\u0105cych  si\u0119  ostatecznie  wg  cen  z przysz\u0142o\u015bci, wyceniono do cen  terminowych w  zale\u017cno\u015bci od okresu/miesi\u0105ca kwotowania umownego.  Ceny  terminowe  uzyskuje  si\u0119 z systemu Reuters.   Dla  nale\u017cno\u015bci  obj\u0119tych  faktoringiem  pe\u0142nym  warto\u015b\u0107  godziw\u0105  ustala  si\u0119  na  poziomie  warto\u015bci  nale\u017cno\u015bci  przekazanej do faktora (warto\u015b\u0107 nominalna z faktury) pomniejszonej o odsetki stanowi\u0105ce wynagrodzenie faktora. Ze wzgl\u0119du na kr\u00f3tki okres pomi\u0119dzy przekazaniem nale\u017cno\u015bci do faktora a jej sp\u0142at\u0105, warto\u015bci godziwej nie  koryguje si\u0119 o  ryzyko  kredytowe faktora i wp\u0142yw up\u0142ywu czasu. Po\u017cyczki udzielone W pozycji tej uj\u0119to po\u017cyczki wycenione w warto\u015bci godziwej dla kt\u00f3rych warto\u015b\u0107 godziwa  zosta\u0142a oszacowana na bazie przep\u0142yw\u00f3w  kontraktowych  (z  umowy)  przy  wykorzystaniu  modelu  zdyskontowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych z uwzgl\u0119dnieniem ryzyka kredytowego po\u017cyczkobiorcy. Pozosta\u0142e aktywa/zobowi\u0105zania finansowe W pozycji tej uj\u0119to nale\u017cno\u015bci/zobowi\u0105zania z tytu\u0142u rozliczenia pochodnych instrument\u00f3w finansowych, kt\u00f3rych termin p\u0142atno\u015bci  przypada  dwa  dni  robocze  po  dniu  ko\u0144cz\u0105cym  okres  sprawozdawczy.  Instrumenty  te  wycenione  zosta\u0142y  do warto\u015bci godziwej ustalonej wed\u0142ug ceny referencyjnej rozliczenia tych transakcji. Pochodne instrumenty finansowe \u2013 walutowe oraz walutowo-odsetkowe W  przypadku  transakcji  instrument\u00f3w  pochodnych  na  rynku  walutowym  oraz  transakcji  walutowo-odsetkowych  (CIRS), w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119 cenami terminowymi na daty zapadalno\u015bci poszczeg\u00f3lnych transakcji. Cena terminowa dla kurs\u00f3w walutowych obliczona zosta\u0142a na podstawie fixingu i odpowiednich st\u00f3p procentowych. Stopy procentowe  dla  walut  oraz  wska\u017aniki  zmienno\u015bci  ich  kurs\u00f3w  s\u0105  uzyskiwane  z serwisu  Reuters.  Do  wyceny  opcji europejskich na rynkach walutowych pos\u0142u\u017cono si\u0119 standardowym modelem Garmana-Kohlhagena. Pochodne instrumenty finansowe \u2013 metale  W przypadku transakcji instrument\u00f3w pochodnych na rynku towarowym, w celu ustalenia ich warto\u015bci godziwej pos\u0142u\u017cono si\u0119  cenami  terminowymi  na  daty  zapadalno\u015bci  poszczeg\u00f3lnych  transakcji.  W  przypadku  miedzi  u\u017cyto  oficjalne  ceny zamkni\u0119cia London Metal Exchange, a w odniesieniu do srebra oraz z\u0142ota - ceny fixing ustalonej na London Bullion Market Association. Wska\u017aniki zmienno\u015bci oraz krzywe terminowe s\u0142u\u017c\u0105ce do wyceny instrument\u00f3w pochodnych na koniec okresu sprawozdawczego  uzyskano  z systemu  Reuters.  Do  wyceny  opcji  azjatyckich  na  rynkach  metali  wykorzystana  zosta\u0142a aproksymacja Levy\u2019ego do metodologii Blacka-Scholesa. Otrzymane d\u0142ugoterminowe kredyty i po\u017cyczki Warto\u015b\u0107  godziwa  kredyt\u00f3w  i  po\u017cyczek  szacowana  jest  poprzez  zdyskontowanie  zwi\u0105zanych  z  tymi  zobowi\u0105zaniami przep\u0142yw\u00f3w finansowych w terminach i na warunkach wynikaj\u0105cych z um\u00f3w przy zastosowaniu bie\u017c\u0105cych st\u00f3p. Warto\u015b\u0107 godziwa r\u00f3\u017cni si\u0119 od warto\u015bci bilansowej o kwot\u0119 prowizji zap\u0142aconych w zwi\u0105zku z otrzymanym finansowaniem. Poziom 3 Po\u017cyczki udzielone  Do  kategorii  tej  zaliczamy  po\u017cyczki  udzielone  wyceniane  w  sprawozdaniu  z  sytuacji  finansowej  w  zamortyzowanym koszcie,  ze  wzgl\u0119du  na  wykorzystanie  w wycenie  do  warto\u015bci  godziwej  za\u0142o\u017ce\u0144  nieobserwowalnych.  W  oszacowaniu warto\u015bci  godziwej  tych  po\u017cyczek  istotnym  elementem  szacunku  s\u0105  prognozowane  przep\u0142ywy  pieni\u0119\u017cne  Sierra  Gorda S.C.M.,  kt\u00f3re  stanowi\u0105  nieobserwowalne  dane  wej\u015bciowe  i  zgodnie  z  MSSF  13  warto\u015b\u0107  godziwa  tych  aktyw\u00f3w klasyfikowana  jest  do poziomu  3  hierarchii.  Stopa  dyskonta  przyj\u0119ta  do  wyliczenia  warto\u015bci  godziwej  po\u017cyczek wycenianych w zamortyzowanym koszcie wynosi 9,75% ( na dzie\u0144 31 grudnia 2021 r. 8%). Szczeg\u00f3\u0142owe  ujawnienia  w  zakresie  za\u0142o\u017ce\u0144  przyj\u0119tych  do  wyceny  po\u017cyczek  zaprezentowano  w  Nocie  6.2,  natomiast wra\u017cliwo\u015b\u0107  warto\u015bci  godziwej  zakwalifikowanej  do  poziomu  3  dla  udzielonych  po\u017cyczek  w  Nocie  7.5.2.4.  Na  dzie\u0144 31 grudnia  2022  r.  za\u0142o\u017cenia  przyj\u0119te  do  prognozowanych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  zastosowane  do  wyceny  warto\u015bci godziwej s\u0105 sp\u00f3jne z za\u0142o\u017ceniami dot. obliczenia warto\u015bci bilansowej, natomiast r\u00f3\u017cnica pomi\u0119dzy warto\u015bci\u0105 bilansowa a warto\u015bci\u0105 godziw\u0105 wynika z przyj\u0119cia r\u00f3\u017cnych st\u00f3p dyskontowych. Pozosta\u0142e aktywa finansowe W pozycji tej uj\u0119to nale\u017cno\u015b\u0107 z tytu\u0142u p\u0142atno\u015bci warunkowych zwi\u0105zanych z umow\u0105 zbycia sp\u00f3\u0142ki zale\u017cnej S.C.M. Franke, kt\u00f3ra zosta\u0142a oszacowana na podstawie modelu prawdopodobie\u0144stwa, wynikaj\u0105cego z oferty wi\u0105\u017c\u0105cej z uwzgl\u0119dnieniem dyskonta dla wyp\u0142at na lata przysz\u0142e. Nota 7.2 Pochodne instrumenty finansowe Zasady rachunkowo\u015bci Pochodne instrumenty finansowe  zalicza  si\u0119 do  aktyw\u00f3w/zobowi\u0105za\u0144 finansowych wycenianych w  warto\u015bci godziwej przez wynik finansowy, o ile nie zosta\u0142y wyznaczone jako instrumenty zabezpieczaj\u0105ce. Transakcje kupna lub sprzeda\u017cy instrument\u00f3w pochodnych ujmuje si\u0119 na dzie\u0144 przeprowadzenia (zawarcia) transakcji.  Instrumenty pochodne nie wyznaczone jako zabezpieczaj\u0105ce, okre\u015blane jako instrumenty pochodne handlowe, ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci godziwej z uj\u0119ciem zysk\u00f3w/strat z wyceny w wyniku finansowym.  W Grupie Kapita\u0142owej KGHM Polska Mied\u017a S.A. Jednostka Dominuj\u0105ca  stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Celem  stosowania  rachunkowo\u015bci  zabezpiecze\u0144  jest  ograniczenie  zmienno\u015bci  wyniku  netto  Jednostki Dominuj\u0105cej, wynikaj\u0105cej z  okresowych zmian wyceny  transakcji  zabezpieczaj\u0105cych poszczeg\u00f3lne  ryzyka rynkowe, na kt\u00f3re  nara\u017cona  jest  Jednostka Dominuj\u0105ca.  Instrumentami  zabezpieczaj\u0105cymi  mog\u0105  by\u0107  instrumenty  pochodne  oraz kredyty i po\u017cyczki w walucie obcej.  Wyznaczane  zabezpieczenia  dotycz\u0105  przysz\u0142ych  prognozowanych transakcji  sprzeda\u017cy  przyj\u0119tych  w  Planie  Sprzeda\u017cy na dany rok. Plany te sporz\u0105dzane s\u0105 w oparciu o mo\u017cliwo\u015bci produkcyjne na dany okres. Jednostka Dominuj\u0105ca ocenia prawdopodobie\u0144stwo wyst\u0105pienia transakcji uj\u0119tych w planie produkcji jako bardzo wysokie, poniewa\u017c z historycznego punktu  widzenia sprzeda\u017c  zawsze  realizowana by\u0142a  na  poziomach  za\u0142o\u017conych  w  poszczeg\u00f3lnych  Planach  Sprzeda\u017cy. Pozycj\u0119 zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie\u017c przysz\u0142e przep\u0142ywy z tytu\u0142u koszt\u00f3w odsetkowych od wyemitowanych obligacji w PLN. Jednostka  Dominuj\u0105ca  mo\u017ce  korzysta\u0107  z  naturalnych  zabezpiecze\u0144  ryzyka  walutowego  poprzez  zastosowanie rachunkowo\u015bci zabezpiecze\u0144 w stosunku do kredyt\u00f3w i po\u017cyczek denominowanych w USD, wyznaczaj\u0105c je jako pozycje zabezpieczaj\u0105ce  przed  ryzykiem  kursu  walutowego  zwi\u0105zanego  z  przysz\u0142ymi  przychodami  Jednostki  Dominuj\u0105cej ze sprzeda\u017cy miedzi, srebra i innych metali, denominowanych w USD. Zyski  i  straty  wynikaj\u0105ce ze  zmiany warto\u015bci  godziwej  instrumentu  zabezpieczaj\u0105cego przep\u0142ywy pieni\u0119\u017cne  ujmowane s\u0105 w pozosta\u0142ych  ca\u0142kowitych  dochodach,  w  takiej  cz\u0119\u015bci,  w  jakiej  dany  instrument  stanowi  skuteczne  zabezpieczenie zwi\u0105zanej  z nim  pozycji  zabezpieczanej.  Grupa  ujmuje  w  kapita\u0142ach  z  wyceny  cz\u0119\u015b\u0107  zmiany  instrumentu zabezpieczaj\u0105cego wynikaj\u0105cej ze zmiany warto\u015bci czasowej opcji, elementu terminowego oraz mar\u017cy walutowej. Cz\u0119\u015b\u0107 nieskuteczn\u0105 odnosi  si\u0119  do wyniku finansowego jako  pozosta\u0142e  przychody i koszty operacyjne. Zyski  lub straty powsta\u0142e  na  instrumencie  zabezpieczaj\u0105cym  przep\u0142ywy  pieni\u0119\u017cne  odnoszone  s\u0105 do wyniku  jako  korekta z przeklasyfikowania w momencie, gdy dana pozycja zabezpieczana wp\u0142ywa na wynik. Zaprzestaje  si\u0119  ujmowania instrument\u00f3w  pochodnych  jako  zabezpieczaj\u0105cych,  je\u017celi  instrument  pochodny  wyga\u015bnie, zostanie  sprzedany,  wypowiedziany,  zrealizowany  lub  je\u017celi  zmianie  uleg\u0142  cel  zarz\u0105dzania  ryzykiem  dla  danego powi\u0105zania.  Jednostka Dominuj\u0105ca mo\u017ce podj\u0105\u0107 decyzj\u0119 o ustanowieniu dla danego instrumentu pochodnego nowego powi\u0105zania zabezpieczaj\u0105cego,  dokona\u0107  zmiany  przeznaczenia  instrumentu  pochodnego  b\u0105d\u017a  wyznaczy\u0107  go  do  zabezpieczenia innego  rodzaju  ryzyka.  W\u00f3wczas,  dla zabezpiecze\u0144  przep\u0142yw\u00f3w  \u015brodk\u00f3w  pieni\u0119\u017cnych,  zyski  lub  straty  powsta\u0142e w okresach, w kt\u00f3rych zabezpieczenie by\u0142o efektywne pozostaj\u0105 w skumulowanych pozosta\u0142ych ca\u0142kowitych dochodach a\u017c do momentu, w kt\u00f3rym zabezpieczana pozycja wp\u0142ynie na wynik. Je\u015bli zabezpieczenie prognozowanej transakcji przestanie funkcjonowa\u0107 ze wzgl\u0119du na zaistnia\u0142e prawdopodobie\u0144stwo, \u017ce planowana  transakcja  nie  zostanie  zawarta,  w\u00f3wczas  zysk  lub  strata  netto  uj\u0119ta  w  pozosta\u0142ych  ca\u0142kowitych dochodach zostaje natychmiast przeniesiona do wyniku finansowego jako korekta wynikaj\u0105ca z przeklasyfikowania.    Je\u017celi umowa hybrydowa zawiera instrument podstawowy, kt\u00f3ry nie jest sk\u0142adnikiem aktyw\u00f3w finansowych, instrument pochodny  jest  oddzielany  od  instrumentu  podstawowego  i  jest  wyceniany  zgodnie  z  zasadami  przewidzianymi dla instrument\u00f3w  pochodnych,  wy\u0142\u0105cznie  gdy  (i)  ekonomiczna  charakterystyka  i  ryzyka  instrumentu  wbudowanego nie s\u0105 \u015bci\u015ble  powi\u0105zane  z  charakterem  umowy  zasadniczej  i  ryzykami  z  niej  wynikaj\u0105cymi,  (ii)  odr\u0119bny  instrument, kt\u00f3rego charakterystyka odpowiada cechom wbudowanego instrumentu pochodnego, spe\u0142nia\u0142by warunki instrumentu pochodnego,  oraz  (iii)  instrument  \u0142\u0105czny  nie  jest  zaliczany  do  aktyw\u00f3w  finansowych  wycenianych  wed\u0142ug  warto\u015bci godziwej,  kt\u00f3rych  skutki  przeszacowania  s\u0105  odnoszone  do  pozosta\u0142ych  przychod\u00f3w  lub    pozosta\u0142ych  koszt\u00f3w operacyjnych  okresu  sprawozdawczego.  Je\u017celi  wbudowany  instrument  pochodny  jest  wydzielany,  instrument podstawowy  jest  wyceniany  zgodnie  z  odpowiednimi  dla niego  zasadami  rachunkowo\u015bci.  Jednostka  Dominuj\u0105ca wydziela wbudowane instrumenty pochodne w transakcjach  zakupu surowc\u00f3w z terminem rozliczenia w przysz\u0142o\u015bci po dacie uj\u0119cia faktury zakupu w ksi\u0119gach rachunkowych do dnia ostatecznego rozlic zenia transakcji. J e\u017celi  umowa  hybrydowa  zawiera  instrument  podstawowy,  kt\u00f3ry  jest  sk\u0142adnikiem  aktyw\u00f3w  finansowych,  kryteria przewidziane dla klasyfikacji aktyw\u00f3w finansowych stosuje si\u0119 do \u0142\u0105cznej umowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyceny do warto\u015bci godziwej instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1, w  punkcie  \u201e Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych\u201d  oraz w tabelach w Nocie 7.2 poni\u017cej. Zasady rachunkowo\u015bci Pozycja  \u201eInne  instrumenty  finansowe  wyceniane  w  warto\u015bci godziwej\u201d  obejmuje  g\u0142\u00f3wnie:  udzia\u0142y  i  akcje  (notowane i nienotowane),  kt\u00f3re  nie  zosta\u0142y  nabyte  z  przeznaczeniem  do  obrotu  i  dla  kt\u00f3rych  dokonano  wyboru  opcji  wyceny w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody w celu ograniczenia fluktuacji wyniku oraz udzielone po\u017cyczki  wyceniane w warto\u015bci godziwej przez wynik finansowy, poniewa\u017c nie zda\u0142y testu umownych przep\u0142yw\u00f3w pieni\u0119\u017cnych (SPPI), gdy\u017c w strukturze finansowania na ostatnim etapie u docelowego odbiorcy \u015brodk\u00f3w pieni\u0119\u017cnych d\u0142ug zamienia si\u0119 na udzia\u0142 kapita\u0142owy, w zwi\u0105zku z czym zosta\u0142y zakwalifikowane do tej kategorii wyceny obowi\u0105zkowo. Udzia\u0142y i akcje ujmowane s\u0105 pocz\u0105tkowo w warto\u015bci godziwej powi\u0119kszonej o koszty transakcyjne, a na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy wyceniane s\u0105  w warto\u015bci godziwej  z  uj\u0119ciem zysk\u00f3w/strat z  wyceny w pozosta\u0142ych ca\u0142kowitych dochodach.  Kwot  odniesionych  w  skumulowane  pozosta\u0142e  ca\u0142kowite  dochody  nie  przenosi  si\u0119  p\u00f3\u017aniej  do  wyniku finansowego,  natomiast  skumulowane  zyski/straty  na  danym  instrumencie  kapita\u0142owym  przenosi  si\u0119  w  ramach kapita\u0142\u00f3w do zysk\u00f3w zatrzymanych w momencie zaprzestania ujmowania instrumentu kapita\u0142owego. Dywidendy z takich inwestycji ujmuje si\u0119 w wyniku finansowym.  Przeliczenia pozycji wyra\u017conych w walucie obcej dokonuje si\u0119 wed\u0142ug zasad rachunkowo\u015bci opisanych w Nocie 1.2 Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Warto\u015b\u0107  godziw\u0105  akcji  nienotowanych  i  udzia\u0142\u00f3w  ustala  si\u0119  z  zastosowaniem  wyceny maj\u0105tkowej  wg  metody skorygowanych aktyw\u00f3w netto. Zastosowanie tej metody wynika ze specyfiki aktyw\u00f3w sp\u00f3\u0142ek, kt\u00f3rych udzia\u0142y podlegaj\u0105 wycenie.  Do  wyceny  zosta\u0142y  wykorzystane  dane  wej\u015bciowe  inne  ni\u017c  pochodz\u0105ce  z  aktywnego  rynku,  kt\u00f3re  s\u0105 obserwowalne  (np.  ceny  transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny, rynkowe stopy procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych). Warto\u015b\u0107 godziw\u0105 akcji notowanych na gie\u0142dzie ustala si\u0119 w oparciu o kurs zamkni\u0119cia notowa\u0144 akcji na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy. Warto\u015b\u0107  godziwa  po\u017cyczki  ustalana  jest  jako  warto\u015b\u0107  bie\u017c\u0105ca  przysz\u0142ych  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  z  uwzgl\u0119dnieniem zmiany czynnik\u00f3w ryzyka rynkowego i kredytowego w trakcie \u017cycia po\u017cyczki .  Zasady rachunkowo\u015bci Wa\u017cne oszacowania za\u0142o\u017cenia i os\u0105dy W  pozycji  inne  instrumenty  finansowe  wyceniane w zamortyzowanym koszcie wykazuje si\u0119 aktywa finansowe przeznaczone  na  pokrycie  koszt\u00f3w  likwidacji  kopal\u0144 (zasady  rachunkowo\u015bci  w zakresie  obowi\u0105zku  likwidacji kopal\u0144  przedstawiono  w  Nocie  9.4)  oraz  inne  aktywa finansowe nie zaklasyfikowane do pozosta\u0142ych pozycji. Aktywa  zaliczone  zgodnie  z  MSSF  9  do  kategorii \u201ewyceniane  w zamortyzowanym  koszcie\u201d  ujmuje  si\u0119 pocz\u0105tkowo  w warto\u015bci  godziwej  skorygowanej  o  koszty transakcyjne,  kt\u00f3re  mo\u017cna  bezpo\u015brednio  przypisa\u0107  do nabycia  tych  aktyw\u00f3w  oraz  wycenia  na  dzie\u0144  ko\u0144cz\u0105cy okres  sprawozdawczy  wed\u0142ug  zamortyzowanego  kosztu przy zastosowaniu metody efektywnej stopy procentowej, z uwzgl\u0119dnieniem utraty warto\u015bci. Analiza  wra\u017cliwo\u015bci  na  ryzyko  zmian  st\u00f3p  procentowych \u015brodk\u00f3w  pieni\u0119\u017cnych  zgromadzonych  na  rachunku bankowym Funduszu  Likwidacji  Zak\u0142adu  G\u00f3rniczego  oraz inwestycji w d\u0142u\u017cne papiery warto\u015bciowe zaprezentowana zosta\u0142a w Nocie 7.5.1.4. Zasady rachunkowo\u015bci Grupa  ujmuje  odpis  z  tytu\u0142u  oczekiwanych  strat  kredytowych  na  sk\u0142adnikach  aktyw\u00f3w  finansowych  wycenianych w zamortyzowanym  koszcie.  Oczekiwane  straty  kredytowe  s\u0105  to  straty  kredytowe  wa\u017cone  prawdopodobie\u0144stwem wyst\u0105pienia  niewykonania  zobowi\u0105zania.  Grupa  stosuje  nast\u0119puj\u0105ce  modele  wyznaczania  odpis\u00f3w  z tytu\u0142u  utraty warto\u015bci: - model uproszczony \u2013 dla nale\u017cno\u015bci od odbiorc\u00f3w, - model og\u00f3lny (podstawowy) \u2013 dla pozosta\u0142ych aktyw\u00f3w finansowych. W modelu og\u00f3lnym Grupa monitoruje zmiany poziomu ryzyka kredytowego zwi\u0105zanego z danym sk\u0142adnikiem aktyw\u00f3w finansowych oraz klasyfikuje aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu  o  obserwacj\u0119  zmiany  poziomu  ryzyka  kredytowego  w  stosunku  do  pocz\u0105tkowego  uj\u0119cia  instrumentu. W szczeg\u00f3lno\u015bci,  monitorowaniu  podlega:  rating  kredytowy  oraz  sytuacja  finansowa  kontrahenta  i  okres przeterminowania p\u0142atno\u015bci. W zale\u017cno\u015bci od zaklasyfikowania do poszczeg\u00f3lnych stopni, odpis z tytu\u0142u utraty warto\u015bci jest  szacowany  w horyzoncie  12-miesi\u0119cy  (stopie\u0144  1)  lub  w  horyzoncie  \u017cycia  instrumentu  (stopie\u0144  2  oraz  stopie\u0144  3). Bezwzgl\u0119dn\u0105  przes\u0142ank\u0105  na  okre\u015blenie  wyst\u0105pienia  stanu  niewyp\u0142acalno\u015bci  (default)  jest  przeterminowanie  p\u0142atno\u015bci o ponad 90 dni.  W modelu uproszczonym Grupa nie monitoruje zmian poziomu ryzyka  kredytowego w  trakcie \u017cycia instrumentu oraz szacuje oczekiwan\u0105 strat\u0119 kredytow\u0105 w horyzoncie do terminu zapadalno\u015bci instrumentu w oparciu o historyczne dane dotycz\u0105ce sp\u0142acalno\u015bci nale\u017cno\u015bci od odbiorc\u00f3w. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "Nota 7.2 Pochodne instrumenty finansowe Zasady rachunkowo\u015bci Pochodne instrumenty finansowe  zalicza  si\u0119 do  aktyw\u00f3w/zobowi\u0105za\u0144 finansowych wycenianych w  warto\u015bci godziwej przez wynik finansowy, o ile nie zosta\u0142y wyznaczone jako instrumenty zabezpieczaj\u0105ce. Transakcje kupna lub sprzeda\u017cy instrument\u00f3w pochodnych ujmuje si\u0119 na dzie\u0144 przeprowadzenia (zawarcia) transakcji.  Instrumenty pochodne nie wyznaczone jako zabezpieczaj\u0105ce, okre\u015blane jako instrumenty pochodne handlowe, ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci godziwej z uj\u0119ciem zysk\u00f3w/strat z wyceny w wyniku finansowym.  W Grupie Kapita\u0142owej KGHM Polska Mied\u017a S.A. Jednostka Dominuj\u0105ca  stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Celem  stosowania  rachunkowo\u015bci  zabezpiecze\u0144  jest  ograniczenie  zmienno\u015bci  wyniku  netto  Jednostki Dominuj\u0105cej, wynikaj\u0105cej z  okresowych zmian wyceny  transakcji  zabezpieczaj\u0105cych poszczeg\u00f3lne  ryzyka rynkowe, na kt\u00f3re  nara\u017cona  jest  Jednostka Dominuj\u0105ca.  Instrumentami  zabezpieczaj\u0105cymi  mog\u0105  by\u0107  instrumenty  pochodne  oraz kredyty i po\u017cyczki w walucie obcej.  Wyznaczane  zabezpieczenia  dotycz\u0105  przysz\u0142ych  prognozowanych transakcji  sprzeda\u017cy  przyj\u0119tych  w  Planie  Sprzeda\u017cy na dany rok. Plany te sporz\u0105dzane s\u0105 w oparciu o mo\u017cliwo\u015bci produkcyjne na dany okres. Jednostka Dominuj\u0105ca ocenia prawdopodobie\u0144stwo wyst\u0105pienia transakcji uj\u0119tych w planie produkcji jako bardzo wysokie, poniewa\u017c z historycznego punktu  widzenia sprzeda\u017c  zawsze  realizowana by\u0142a  na  poziomach  za\u0142o\u017conych  w  poszczeg\u00f3lnych  Planach  Sprzeda\u017cy. Pozycj\u0119 zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie\u017c przysz\u0142e przep\u0142ywy z tytu\u0142u koszt\u00f3w odsetkowych od wyemitowanych obligacji w PLN. Jednostka  Dominuj\u0105ca  mo\u017ce  korzysta\u0107  z  naturalnych  zabezpiecze\u0144  ryzyka  walutowego  poprzez  zastosowanie rachunkowo\u015bci zabezpiecze\u0144 w stosunku do kredyt\u00f3w i po\u017cyczek denominowanych w USD, wyznaczaj\u0105c je jako pozycje zabezpieczaj\u0105ce  przed  ryzykiem  kursu  walutowego  zwi\u0105zanego  z  przysz\u0142ymi  przychodami  Jednostki  Dominuj\u0105cej ze sprzeda\u017cy miedzi, srebra i innych metali, denominowanych w USD. Zyski  i  straty  wynikaj\u0105ce ze  zmiany warto\u015bci  godziwej  instrumentu  zabezpieczaj\u0105cego przep\u0142ywy pieni\u0119\u017cne  ujmowane s\u0105 w pozosta\u0142ych  ca\u0142kowitych  dochodach,  w  takiej  cz\u0119\u015bci,  w  jakiej  dany  instrument  stanowi  skuteczne  zabezpieczenie zwi\u0105zanej  z nim  pozycji  zabezpieczanej.  Grupa  ujmuje  w  kapita\u0142ach  z  wyceny  cz\u0119\u015b\u0107  zmiany  instrumentu zabezpieczaj\u0105cego wynikaj\u0105cej ze zmiany warto\u015bci czasowej opcji, elementu terminowego oraz mar\u017cy walutowej. Cz\u0119\u015b\u0107 nieskuteczn\u0105 odnosi  si\u0119  do wyniku finansowego jako  pozosta\u0142e  przychody i koszty operacyjne. Zyski  lub straty powsta\u0142e  na  instrumencie  zabezpieczaj\u0105cym  przep\u0142ywy  pieni\u0119\u017cne  odnoszone  s\u0105 do wyniku  jako  korekta z przeklasyfikowania w momencie, gdy dana pozycja zabezpieczana wp\u0142ywa na wynik. Zaprzestaje  si\u0119  ujmowania instrument\u00f3w  pochodnych  jako  zabezpieczaj\u0105cych,  je\u017celi  instrument  pochodny  wyga\u015bnie, zostanie  sprzedany,  wypowiedziany,  zrealizowany  lub  je\u017celi  zmianie  uleg\u0142  cel  zarz\u0105dzania  ryzykiem  dla  danego powi\u0105zania.  Jednostka Dominuj\u0105ca mo\u017ce podj\u0105\u0107 decyzj\u0119 o ustanowieniu dla danego instrumentu pochodnego nowego powi\u0105zania zabezpieczaj\u0105cego,  dokona\u0107  zmiany  przeznaczenia  instrumentu  pochodnego  b\u0105d\u017a  wyznaczy\u0107  go  do  zabezpieczenia innego  rodzaju  ryzyka.  W\u00f3wczas,  dla zabezpiecze\u0144  przep\u0142yw\u00f3w  \u015brodk\u00f3w  pieni\u0119\u017cnych,  zyski  lub  straty  powsta\u0142e w okresach, w kt\u00f3rych zabezpieczenie by\u0142o efektywne pozostaj\u0105 w skumulowanych pozosta\u0142ych ca\u0142kowitych dochodach a\u017c do momentu, w kt\u00f3rym zabezpieczana pozycja wp\u0142ynie na wynik. Je\u015bli zabezpieczenie prognozowanej transakcji przestanie funkcjonowa\u0107 ze wzgl\u0119du na zaistnia\u0142e prawdopodobie\u0144stwo, \u017ce planowana  transakcja  nie  zostanie  zawarta,  w\u00f3wczas  zysk  lub  strata  netto  uj\u0119ta  w  pozosta\u0142ych  ca\u0142kowitych dochodach zostaje natychmiast przeniesiona do wyniku finansowego jako korekta wynikaj\u0105ca z przeklasyfikowania.    Je\u017celi umowa hybrydowa zawiera instrument podstawowy, kt\u00f3ry nie jest sk\u0142adnikiem aktyw\u00f3w finansowych, instrument pochodny  jest  oddzielany  od  instrumentu  podstawowego  i  jest  wyceniany  zgodnie  z  zasadami  przewidzianymi dla instrument\u00f3w  pochodnych,  wy\u0142\u0105cznie  gdy  (i)  ekonomiczna  charakterystyka  i  ryzyka  instrumentu  wbudowanego nie s\u0105 \u015bci\u015ble  powi\u0105zane  z  charakterem  umowy  zasadniczej  i  ryzykami  z  niej  wynikaj\u0105cymi,  (ii)  odr\u0119bny  instrument, kt\u00f3rego charakterystyka odpowiada cechom wbudowanego instrumentu pochodnego, spe\u0142nia\u0142by warunki instrumentu pochodnego,  oraz  (iii)  instrument  \u0142\u0105czny  nie  jest  zaliczany  do  aktyw\u00f3w  finansowych  wycenianych  wed\u0142ug  warto\u015bci godziwej,  kt\u00f3rych  skutki  przeszacowania  s\u0105  odnoszone  do  pozosta\u0142ych  przychod\u00f3w  lub    pozosta\u0142ych  koszt\u00f3w operacyjnych  okresu  sprawozdawczego.  Je\u017celi  wbudowany  instrument  pochodny  jest  wydzielany,  instrument podstawowy  jest  wyceniany  zgodnie  z  odpowiednimi  dla niego  zasadami  rachunkowo\u015bci.  Jednostka  Dominuj\u0105ca wydziela wbudowane instrumenty pochodne w transakcjach  zakupu surowc\u00f3w z terminem rozliczenia w przysz\u0142o\u015bci po dacie uj\u0119cia faktury zakupu w ksi\u0119gach rachunkowych do dnia ostatecznego rozlic zenia transakcji. e\u017celi  umowa  hybrydowa  zawiera  instrument  podstawowy,  kt\u00f3ry  jest  sk\u0142adnikiem  aktyw\u00f3w  finansowych,  kryteria przewidziane dla klasyfikacji aktyw\u00f3w finansowych stosuje si\u0119 do \u0142\u0105cznej umowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyceny do warto\u015bci godziwej instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1, w  punkcie  \u201e Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych\u201d  oraz w tabelach w Nocie 7.2 poni\u017cej. Instrumenty pochodne zabezpieczaj\u0105ce \u2013 pozycje otwarte na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy Stan na 31.12.2022    Stan na 31.12.2021 Typ instrumentu pochodnego Aktywa finansowe  Zobowi\u0105zania finansowe RazemAktywa finansowe  Zobowi\u0105zania finansowe RazemD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweD\u0142ugo-terminoweKr\u00f3tko-terminoweInstrumenty zabezpieczaj\u0105ce (CFH), w tym:    709755(700)(280)484585249(1 056)(848)(1 070)Instrumenty pochodne \u2013Metale (cena Cu, Ag)Strategie opcyjne \u2013 mewa* (Cu) 60440(36)(232)23229989(578)(837)(1 027)Strategie opcyjne \u2013 korytarz (Ag) -----1197--108Strategie opcyjne \u2013 mewa* (Ag) 550(1)(3)519249(14)-127Instrumenty pochodne \u2013Walutowe (kurs USDPLN)Strategie opcyjne \u2013 korytarz   328262(88)(11)49115(2)(6)(2)Strategie opcyjne \u2013 mewa*   13(6)(34)(36)209(31)(5)(7)Instrumenty pochodne \u2013 Walutowo-procentowe Swap walutowo-procentowy CIRS 315-(569)-(254)162-(431)-(269)Instrumenty handlowe, w tym:    541(14)(118)(86)63(73)(40)(104)Instrumenty pochodne \u2013Metale (cena Cu, Ag, Au)Sprzedane opcje sprzeda\u017cy (Cu)    --(13)(49)(62)--(57)(6)(63)Nabyte opcje sprzeda\u017cy (Cu)    -1--1-----Nabyte opcje kupna (Cu)    432--36-----Transakcje dostosowawcze \u2013 swap (Cu)    ---(10)(10)---(5)(5)Sprzedane opcje sprzeda\u017cy (Ag)    --(1)(1)(2)--(10)(3)(13)Nabyte opcje sprzeda\u017cy (Ag)    ------2--2Nabyte opcje kupna (Ag)    -----1---1Transakcje dostosowawcze \u2013 swap (Au)    -4-(14)(10)---(2)(2)Pochodne instrumenty \u2013WalutoweSprzedane opcje sprzeda\u017cy (USDPLN)    ---(1)(1)--(5)(2)(7)Nabyte opcje sprzeda\u017cy (USDPLN)    -----11--2Nabyte opcje kupna (USDPLN)    14--54---4Strategie korytarz oraz forward/swap (EURPLN)    -------(1)(1)(2)Wbudowane instrumenty pochodne (cena Cu, Ag, Au)Kontrakty zakupu wsad\u00f3w obcych ---(43)(43)---(21)(21)Instrumenty pierwotnie zabezpieczaj\u0105ce wy\u0142\u0105czone  spod rachunkowo\u015bci zabezpiecze\u0144, w tym: --(5)(36)(41)42(5)(1)-Instrumenty pochodne \u2013Walutowe (kurs USDPLN)Strategie opcyjne \u2013 mewa --(1)(4)(5)42(4)(1)1Instrumenty pochodne \u2013 Metale (cena Cu, Ag) Strategie opcyjne \u2013 mewa (Ag) ------  -(1)-(1)Strategie opcyjne \u2013 mewa (Cu) --(4)(32)(36)-  ----RAZEM OTWARTE INSTRUMENTY POCHODNE 714796(719)(434)357595254(1 134)(889)(1 174)* W ramach struktur opcyjnych mewa jako zabezpieczaj\u0105ce (CFH - Cash Flow Hedging) wyznaczono struktury korytarz, czyli nabyte opcje sprzeda\u017cy oraz sprzedane opcje kupna.W  tabeli  poni\u017cej  zaprezentowano  szczeg\u00f3\u0142owo  dane  transakcji  pochodnych  wyznaczonych  jako  zabezpieczaj\u0105ce, posiadanych przez Jednostk\u0119 Dominuj\u0105c\u0105 na dzie\u0144 31 grudnia 2022 r.  Otwarte pochodne instrumenty zabezpieczaj\u0105ce Nomina\u0142 transakcji \u015aredniowa\u017cona cena/ kurs/ stopa % Zapadalno\u015b\u0107 okres rozliczenia Okres uj\u0119cia wp\u0142ywu na wynik finansowy*** mied\u017a [t] srebro [mln uncji] waluty [mln USD] CIRS [mln PLN] [USD/t] [USD/uncj\u0119] [USD/PLN] [USD/PLN, sta\u0142a st.% dla USD] od do od do Typ instrumentu pochodnego Mied\u017a \u2013 strategie opcyjne mewa*  189 000  8 075 - 9 759  sty\u201823 - gru\u201823 sty\u201823 - sty\u201824 Srebro \u2013 strategie opcyjne mewa*  4,20  26,00 - 42,00 sty\u201823 - gru\u201823 sty\u201923 - sty\u201824 Walutowe \u2013 strategie opcyjne korytarz  2 640  4,58 - 5,78 sty\u201923 - gru\u201924 sty\u201923 - sty\u201925 Walutowe \u2013 strategie opcyjne mewa*  315  3,94 - 4,54 sty\u201823 - gru\u201823 sty\u201823 - sty\u201824 Walutowo-procentowe \u2013 CIRS**  400  3,78 i 3,23% cze \u201824  cze \u201824 Walutowo-procentowe \u2013 CIRS**  1 600  3,81 i 3,94%  cze \u201829 cze \u201829 - lip \u201829 *  W  ramach  struktur  opcyjnych  mewa  jako  zabezpieczaj\u0105ce  (CFH  -  Cash  Flow  Hedging)  wyznaczono  struktury  korytarz,  czyli  nabyte  opcje sprzeda\u017cy oraz sprzedane opcje kupna. ** Rozliczenia p\u0142atno\u015bci odsetkowych dokonywane s\u0105 w okresowo, co p\u00f3\u0142 roku, do momentu realizacji transakcji. *** Reklasyfikacja zysk\u00f3w lub strat powsta\u0142ych na instrumencie zabezpieczaj\u0105cym  przep\u0142ywy pieni\u0119\u017cne  z pozosta\u0142ych ca\u0142kowitych  dochod\u00f3w do sprawozdania  z wyniku  nast\u0119puje  w  okresie  sprawozdawczym,  w kt\u00f3rym  pozycja  zabezpieczana  wp\u0142ywa  na  wynik  (jako  korekta  pozycji zabezpieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/koszt\u00f3w  operacyjnych  dla  rozliczanego  kosztu  zabezpieczenia).  Natomiast  uj\u0119cie  w ksi\u0119gach wyniku z rozliczenia transakcji nast\u0119puje w dacie jej rozliczenia. W  tabeli  poni\u017cej  zaprezentowano  szczeg\u00f3\u0142owo  dane  transakcji  pochodnych  wyznaczonych  jako  zabezpieczaj\u0105ce, posiadanych przez Jednostk\u0119 Dominuj\u0105c\u0105 na dzie\u0144 31 grudnia 2021 r.  Otwarte pochodne instrumenty zabezpieczaj\u0105ce Nomina\u0142 transakcji \u015aredniowa\u017cona cena/ kurs/ stopa % Zapadaln o\u015b\u0107 okres rozliczenia Okres uj\u0119cia wp\u0142ywu na wynik finansowy*** mied\u017a [t] srebro [mln uncji] waluty [mln USD] CIRS [mln PLN] [USD/t] [USD/uncj\u0119] [USD/PLN] [USD/PLN, sta\u0142a st.% dla USD] od do od do Typ instrumentu pochodnego Mied\u017a \u2013 strategie opcyjne mewa*  243 000  7 553-9 227  sty\u201822 - gru\u201823 sty\u201822 - sty\u201824 Srebro \u2013 strategie opcyjne korytarz  6,60  26,36-55,00 sty\u201922 - gru\u201922 sty\u201922 - sty\u201923 Srebro \u2013 strategie opcyjne mewa*  7,80  26,00-42,00 sty\u201822 - gru\u201823 sty\u201822 - sty\u201824 Walutowe \u2013 strategie opcyjne korytarz  240  3,85-4,60 lip\u201922 - gru\u201922 lip\u201922 sty\u201923 Walutowe \u2013 strategie opcyjne mewa*  630  3,94-4,54 sty\u201822 - gru\u201823 sty\u201822 - sty\u201824 Walutowo-procentowe \u2013 CIRS**  400  3,78 i 3,23% cze \u201824  cze \u201824 Walutowo-procentowe \u2013 CIRS**  1 600  3,81 i 3,94%  cze \u201829 cze \u201829 - lip \u201829 * W ramach struktur opcyjnych mewa jako zabezpieczaj\u0105ce (CFH - Cash Flow Hedging) wyznaczono struktury korytarz, czyli nabyte opcje sprzeda\u017cy oraz sprzedane opcje kupna. ** Rozliczenia p\u0142atno\u015bci odsetkowych dokonywane s\u0105 w okresowo, co p\u00f3\u0142 roku, do momentu realizacji transakcji. *** Reklasyfikacja zysk\u00f3w lub strat powsta\u0142ych na instrumencie zabezpieczaj\u0105cym  przep\u0142ywy pieni\u0119\u017cne  z pozosta\u0142ych ca\u0142kowitych  dochod\u00f3w do sprawozdania  z wyniku  nast\u0119puje  w  okresie  sprawozdawczym,  w kt\u00f3rym  pozycja  zabezpieczana  wp\u0142ywa  na  wynik  (jako  korekta  pozycji zabezpieczanej  oraz  do  pozosta\u0142ych  przychod\u00f3w/koszt\u00f3w  operacyjnych  dla  rozliczanego  kosztu  zabezpieczenia).  Natomiast  uj\u0119cie  w ksi\u0119gach wyniku z rozliczenia transakcji nast\u0119puje w dacie jej rozliczenia. Wp\u0142yw instrument\u00f3w pochodnych i transakcji zabezpieczaj\u0105cych na pozycje sprawozdania z wyniku oraz na sprawozdanie z ca\u0142kowitych dochod\u00f3w przedstawiono poni\u017cej. Sprawozdanie z wyniku od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Przychody z um\u00f3w z klientami (korekta z tytu\u0142u przeklasyfikowania)  (182) (1 651) Pozosta\u0142e przychody / (koszty) operacyjne (w tym korekta z tytu\u0142u przeklasyfikowania): (220) (385) z tytu\u0142u realizacji instrument\u00f3w pochodnych  (213) (452) z tytu\u0142u wyceny instrument\u00f3w pochodnych  (7) 67 Przychody / (koszty) finansowe:  41 (44) z tytu\u0142u realizacji instrument\u00f3w pochodnych  (19) (9) z tytu\u0142u wyceny instrument\u00f3w pochodnych  - (1) odsetki od zad\u0142u\u017cenia (korekta z tytu\u0142u przeklasyfikowania)  60 (34) Wp\u0142yw instrument\u00f3w pochodnych i zabezpieczaj\u0105cych  na wynik finansowy okresu (bez uwzgl\u0119dnienia efektu podatkowego) (361) (2 080) Sprawozdanie z pozosta\u0142ych ca\u0142kowitych dochod\u00f3w Wycena transakcji zabezpieczaj\u0105cych (cz\u0119\u015b\u0107 skuteczna)   1 239 (2 431) Reklasyfikacja do przychod\u00f3w z um\u00f3w z klientami w zwi\u0105zku z realizacj\u0105 pozycji zabezpieczanej  182 1 651 Reklasyfikacja do koszt\u00f3w finansowych w zwi\u0105zku z realizacj\u0105 pozycji zabezpieczanej (60) 34 Reklasyfikacja do pozosta\u0142ych koszt\u00f3w operacyjnych w zwi\u0105zku z realizacj\u0105 pozycji zabezpieczanej (rozliczenie kosztu zabezpieczenia) 310 379 Wp\u0142yw transakcji zabezpieczaj\u0105cych (bez uwzgl\u0119dnienia efektu podatkowego)* 1 671 (367) \u0141\u0104CZNE CA\u0141KOWITE DOCHODY 1 310 (2 447) * Kwoty podatku dochodowego odnosz\u0105ce si\u0119 do ka\u017cdego sk\u0142adnika pozosta\u0142ych ca\u0142kowitych dochod\u00f3w zaprezentowano w Nocie 8.2.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "Zasady rachunkowo\u015bci Pochodne instrumenty finansowe  zalicza  si\u0119 do  aktyw\u00f3w/zobowi\u0105za\u0144 finansowych wycenianych w  warto\u015bci godziwej przez wynik finansowy, o ile nie zosta\u0142y wyznaczone jako instrumenty zabezpieczaj\u0105ce. Transakcje kupna lub sprzeda\u017cy instrument\u00f3w pochodnych ujmuje si\u0119 na dzie\u0144 przeprowadzenia (zawarcia) transakcji.  Instrumenty pochodne nie wyznaczone jako zabezpieczaj\u0105ce, okre\u015blane jako instrumenty pochodne handlowe, ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci godziwej z uj\u0119ciem zysk\u00f3w/strat z wyceny w wyniku finansowym.  W Grupie Kapita\u0142owej KGHM Polska Mied\u017a S.A. Jednostka Dominuj\u0105ca  stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Celem  stosowania  rachunkowo\u015bci  zabezpiecze\u0144  jest  ograniczenie  zmienno\u015bci  wyniku  netto  Jednostki Dominuj\u0105cej, wynikaj\u0105cej z  okresowych zmian wyceny  transakcji  zabezpieczaj\u0105cych poszczeg\u00f3lne  ryzyka rynkowe, na kt\u00f3re  nara\u017cona  jest  Jednostka Dominuj\u0105ca.  Instrumentami  zabezpieczaj\u0105cymi  mog\u0105  by\u0107  instrumenty  pochodne  oraz kredyty i po\u017cyczki w walucie obcej.  Wyznaczane  zabezpieczenia  dotycz\u0105  przysz\u0142ych  prognozowanych transakcji  sprzeda\u017cy  przyj\u0119tych  w  Planie  Sprzeda\u017cy na dany rok. Plany te sporz\u0105dzane s\u0105 w oparciu o mo\u017cliwo\u015bci produkcyjne na dany okres. Jednostka Dominuj\u0105ca ocenia prawdopodobie\u0144stwo wyst\u0105pienia transakcji uj\u0119tych w planie produkcji jako bardzo wysokie, poniewa\u017c z historycznego punktu  widzenia sprzeda\u017c  zawsze  realizowana by\u0142a  na  poziomach  za\u0142o\u017conych  w  poszczeg\u00f3lnych  Planach  Sprzeda\u017cy. Pozycj\u0119 zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie\u017c przysz\u0142e przep\u0142ywy z tytu\u0142u koszt\u00f3w odsetkowych od wyemitowanych obligacji w PLN. Jednostka  Dominuj\u0105ca  mo\u017ce  korzysta\u0107  z  naturalnych  zabezpiecze\u0144  ryzyka  walutowego  poprzez  zastosowanie rachunkowo\u015bci zabezpiecze\u0144 w stosunku do kredyt\u00f3w i po\u017cyczek denominowanych w USD, wyznaczaj\u0105c je jako pozycje zabezpieczaj\u0105ce  przed  ryzykiem  kursu  walutowego  zwi\u0105zanego  z  przysz\u0142ymi  przychodami  Jednostki  Dominuj\u0105cej ze sprzeda\u017cy miedzi, srebra i innych metali, denominowanych w USD. Zyski  i  straty  wynikaj\u0105ce ze  zmiany warto\u015bci  godziwej  instrumentu  zabezpieczaj\u0105cego przep\u0142ywy pieni\u0119\u017cne  ujmowane s\u0105 w pozosta\u0142ych  ca\u0142kowitych  dochodach,  w  takiej  cz\u0119\u015bci,  w  jakiej  dany  instrument  stanowi  skuteczne  zabezpieczenie zwi\u0105zanej  z nim  pozycji  zabezpieczanej.  Grupa  ujmuje  w  kapita\u0142ach  z  wyceny  cz\u0119\u015b\u0107  zmiany  instrumentu zabezpieczaj\u0105cego wynikaj\u0105cej ze zmiany warto\u015bci czasowej opcji, elementu terminowego oraz mar\u017cy walutowej. Cz\u0119\u015b\u0107 nieskuteczn\u0105 odnosi  si\u0119  do wyniku finansowego jako  pozosta\u0142e  przychody i koszty operacyjne. Zyski  lub straty powsta\u0142e  na  instrumencie  zabezpieczaj\u0105cym  przep\u0142ywy  pieni\u0119\u017cne  odnoszone  s\u0105 do wyniku  jako  korekta z przeklasyfikowania w momencie, gdy dana pozycja zabezpieczana wp\u0142ywa na wynik. Zaprzestaje  si\u0119  ujmowania instrument\u00f3w  pochodnych  jako  zabezpieczaj\u0105cych,  je\u017celi  instrument  pochodny  wyga\u015bnie, zostanie  sprzedany,  wypowiedziany,  zrealizowany  lub  je\u017celi  zmianie  uleg\u0142  cel  zarz\u0105dzania  ryzykiem  dla  danego powi\u0105zania.  Jednostka Dominuj\u0105ca mo\u017ce podj\u0105\u0107 decyzj\u0119 o ustanowieniu dla danego instrumentu pochodnego nowego powi\u0105zania zabezpieczaj\u0105cego,  dokona\u0107  zmiany  przeznaczenia  instrumentu  pochodnego  b\u0105d\u017a  wyznaczy\u0107  go  do  zabezpieczenia innego  rodzaju  ryzyka.  W\u00f3wczas,  dla zabezpiecze\u0144  przep\u0142yw\u00f3w  \u015brodk\u00f3w  pieni\u0119\u017cnych,  zyski  lub  straty  powsta\u0142e w okresach, w kt\u00f3rych zabezpieczenie by\u0142o efektywne pozostaj\u0105 w skumulowanych pozosta\u0142ych ca\u0142kowitych dochodach a\u017c do momentu, w kt\u00f3rym zabezpieczana pozycja wp\u0142ynie na wynik. Je\u015bli zabezpieczenie prognozowanej transakcji przestanie funkcjonowa\u0107 ze wzgl\u0119du na zaistnia\u0142e prawdopodobie\u0144stwo, \u017ce planowana  transakcja  nie  zostanie  zawarta,  w\u00f3wczas  zysk  lub  strata  netto  uj\u0119ta  w  pozosta\u0142ych  ca\u0142kowitych dochodach zostaje natychmiast przeniesiona do wyniku finansowego jako korekta wynikaj\u0105ca z przeklasyfikowania.    Je\u017celi umowa hybrydowa zawiera instrument podstawowy, kt\u00f3ry nie jest sk\u0142adnikiem aktyw\u00f3w finansowych, instrument pochodny  jest  oddzielany  od  instrumentu  podstawowego  i  jest  wyceniany  zgodnie  z  zasadami  przewidzianymi dla instrument\u00f3w  pochodnych,  wy\u0142\u0105cznie  gdy  (i)  ekonomiczna  charakterystyka  i  ryzyka  instrumentu  wbudowanego nie s\u0105 \u015bci\u015ble  powi\u0105zane  z  charakterem  umowy  zasadniczej  i  ryzykami  z  niej  wynikaj\u0105cymi,  (ii)  odr\u0119bny  instrument, kt\u00f3rego charakterystyka odpowiada cechom wbudowanego instrumentu pochodnego, spe\u0142nia\u0142by warunki instrumentu pochodnego,  oraz  (iii)  instrument  \u0142\u0105czny  nie  jest  zaliczany  do  aktyw\u00f3w  finansowych  wycenianych  wed\u0142ug  warto\u015bci godziwej,  kt\u00f3rych  skutki  przeszacowania  s\u0105  odnoszone  do  pozosta\u0142ych  przychod\u00f3w  lub    pozosta\u0142ych  koszt\u00f3w operacyjnych  okresu  sprawozdawczego.  Je\u017celi  wbudowany  instrument  pochodny  jest  wydzielany,  instrument podstawowy  jest  wyceniany  zgodnie  z  odpowiednimi  dla niego  zasadami  rachunkowo\u015bci.  Jednostka  Dominuj\u0105ca wydziela wbudowane instrumenty pochodne w transakcjach  zakupu surowc\u00f3w z terminem rozliczenia w przysz\u0142o\u015bci po dacie uj\u0119cia faktury zakupu w ksi\u0119gach rachunkowych do dnia ostatecznego rozlic zenia transakcji. J e\u017celi  umowa  hybrydowa  zawiera  instrument  podstawowy,  kt\u00f3ry  jest  sk\u0142adnikiem  aktyw\u00f3w  finansowych,  kryteria przewidziane dla klasyfikacji aktyw\u00f3w finansowych stosuje si\u0119 do \u0142\u0105cznej umowy. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Za\u0142o\u017cenia i oszacowania przyj\u0119te do wyceny do warto\u015bci godziwej instrument\u00f3w pochodnych przedstawiono w Nocie 7 .1, w  punkcie  \u201e Metody  oraz  techniki  wyceny  wykorzystane  przez  Grup\u0119  Kapita\u0142ow\u0105  przy  ustalaniu  warto\u015bci  godziwych poszczeg\u00f3lnych kategorii aktyw\u00f3w finansowych lub zobowi\u0105za\u0144 finansowych\u201d  oraz w tabelach w Nocie 7.2 poni\u017cej. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "W Grupie Kapita\u0142owej KGHM Polska Mied\u017a S.A. Jednostka Dominuj\u0105ca  stosuje rachunkowo\u015b\u0107 zabezpiecze\u0144 przep\u0142yw\u00f3w pieni\u0119\u017cnych.  Celem  stosowania  rachunkowo\u015bci  zabezpiecze\u0144  jest  ograniczenie  zmienno\u015bci  wyniku  netto  Jednostki Dominuj\u0105cej, wynikaj\u0105cej z  okresowych zmian wyceny  transakcji  zabezpieczaj\u0105cych poszczeg\u00f3lne  ryzyka rynkowe, na kt\u00f3re  nara\u017cona  jest  Jednostka Dominuj\u0105ca.  Instrumentami  zabezpieczaj\u0105cymi  mog\u0105  by\u0107  instrumenty  pochodne  oraz kredyty i po\u017cyczki w walucie obcej.  Wyznaczane  zabezpieczenia  dotycz\u0105  przysz\u0142ych  prognozowanych transakcji  sprzeda\u017cy  przyj\u0119tych  w  Planie  Sprzeda\u017cy na dany rok. Plany te sporz\u0105dzane s\u0105 w oparciu o mo\u017cliwo\u015bci produkcyjne na dany okres. Jednostka Dominuj\u0105ca ocenia prawdopodobie\u0144stwo wyst\u0105pienia transakcji uj\u0119tych w planie produkcji jako bardzo wysokie, poniewa\u017c z historycznego punktu  widzenia sprzeda\u017c  zawsze  realizowana by\u0142a  na  poziomach  za\u0142o\u017conych  w  poszczeg\u00f3lnych  Planach  Sprzeda\u017cy. Pozycj\u0119 zabezpieczan\u0105 stanowi\u0105 r\u00f3wnie\u017c przysz\u0142e przep\u0142ywy z tytu\u0142u koszt\u00f3w odsetkowych od wyemitowanych obligacji w PLN. Jednostka  Dominuj\u0105ca  mo\u017ce  korzysta\u0107  z  naturalnych  zabezpiecze\u0144  ryzyka  walutowego  poprzez  zastosowanie rachunkowo\u015bci zabezpiecze\u0144 w stosunku do kredyt\u00f3w i po\u017cyczek denominowanych w USD, wyznaczaj\u0105c je jako pozycje zabezpieczaj\u0105ce  przed  ryzykiem  kursu  walutowego  zwi\u0105zanego  z  przysz\u0142ymi  przychodami  Jednostki  Dominuj\u0105cej ze sprzeda\u017cy miedzi, srebra i innych metali, denominowanych w USD. Zyski  i  straty  wynikaj\u0105ce ze  zmiany warto\u015bci  godziwej  instrumentu  zabezpieczaj\u0105cego przep\u0142ywy pieni\u0119\u017cne  ujmowane s\u0105 w pozosta\u0142ych  ca\u0142kowitych  dochodach,  w  takiej  cz\u0119\u015bci,  w  jakiej  dany  instrument  stanowi  skuteczne  zabezpieczenie zwi\u0105zanej  z nim  pozycji  zabezpieczanej.  Grupa  ujmuje  w  kapita\u0142ach  z  wyceny  cz\u0119\u015b\u0107  zmiany  instrumentu zabezpieczaj\u0105cego wynikaj\u0105cej ze zmiany warto\u015bci czasowej opcji, elementu terminowego oraz mar\u017cy walutowej. Cz\u0119\u015b\u0107 nieskuteczn\u0105 odnosi  si\u0119  do wyniku finansowego jako  pozosta\u0142e  przychody i koszty operacyjne. Zyski  lub straty powsta\u0142e  na  instrumencie  zabezpieczaj\u0105cym  przep\u0142ywy  pieni\u0119\u017cne  odnoszone  s\u0105 do wyniku  jako  korekta z przeklasyfikowania w momencie, gdy dana pozycja zabezpieczana wp\u0142ywa na wynik. Zaprzestaje  si\u0119  ujmowania instrument\u00f3w  pochodnych  jako  zabezpieczaj\u0105cych,  je\u017celi  instrument  pochodny  wyga\u015bnie, zostanie  sprzedany,  wypowiedziany,  zrealizowany  lub  je\u017celi  zmianie  uleg\u0142  cel  zarz\u0105dzania  ryzykiem  dla  danego powi\u0105zania.  Jednostka Dominuj\u0105ca mo\u017ce podj\u0105\u0107 decyzj\u0119 o ustanowieniu dla danego instrumentu pochodnego nowego powi\u0105zania zabezpieczaj\u0105cego,  dokona\u0107  zmiany  przeznaczenia  instrumentu  pochodnego  b\u0105d\u017a  wyznaczy\u0107  go  do  zabezpieczenia innego  rodzaju  ryzyka.  W\u00f3wczas,  dla zabezpiecze\u0144  przep\u0142yw\u00f3w  \u015brodk\u00f3w  pieni\u0119\u017cnych,  zyski  lub  straty  powsta\u0142e w okresach, w kt\u00f3rych zabezpieczenie by\u0142o efektywne pozostaj\u0105 w skumulowanych pozosta\u0142ych ca\u0142kowitych dochodach a\u017c do momentu, w kt\u00f3rym zabezpieczana pozycja wp\u0142ynie na wynik. Je\u015bli zabezpieczenie prognozowanej transakcji przestanie funkcjonowa\u0107 ze wzgl\u0119du na zaistnia\u0142e prawdopodobie\u0144stwo, \u017ce planowana  transakcja  nie  zostanie  zawarta,  w\u00f3wczas  zysk  lub  strata  netto  uj\u0119ta  w  pozosta\u0142ych  ca\u0142kowitych dochodach zostaje natychmiast przeniesiona do wyniku finansowego jako korekta wynikaj\u0105ca z przeklasyfikowania.    Je\u017celi umowa hybrydowa zawiera instrument podstawowy, kt\u00f3ry nie jest sk\u0142adnikiem aktyw\u00f3w finansowych, instrument pochodny  jest  oddzielany  od  instrumentu  podstawowego  i  jest  wyceniany  zgodnie  z  zasadami  przewidzianymi dla instrument\u00f3w  pochodnych,  wy\u0142\u0105cznie  gdy  (i)  ekonomiczna  charakterystyka  i  ryzyka  instrumentu  wbudowanego nie s\u0105 \u015bci\u015ble  powi\u0105zane  z  charakterem  umowy  zasadniczej  i  ryzykami  z  niej  wynikaj\u0105cymi,  (ii)  odr\u0119bny  instrument, kt\u00f3rego charakterystyka odpowiada cechom wbudowanego instrumentu pochodnego, spe\u0142nia\u0142by warunki instrumentu pochodnego,  oraz  (iii)  instrument  \u0142\u0105czny  nie  jest  zaliczany  do  aktyw\u00f3w  finansowych  wycenianych  wed\u0142ug  warto\u015bci godziwej,  kt\u00f3rych  skutki  przeszacowania  s\u0105  odnoszone  do  pozosta\u0142ych  przychod\u00f3w  lub    pozosta\u0142ych  koszt\u00f3w operacyjnych  okresu  sprawozdawczego.  Je\u017celi  wbudowany  instrument  pochodny  jest  wydzielany,  instrument podstawowy  jest  wyceniany  zgodnie  z  odpowiednimi  dla niego  zasadami  rachunkowo\u015bci.  Jednostka  Dominuj\u0105ca wydziela wbudowane instrumenty pochodne w transakcjach  zakupu surowc\u00f3w z terminem rozliczenia w przysz\u0142o\u015bci po dacie uj\u0119cia faktury zakupu w ksi\u0119gach rachunkowych do dnia ostatecznego rozlic zenia transakcji. J e\u017celi  umowa  hybrydowa  zawiera  instrument  podstawowy,  kt\u00f3ry  jest  sk\u0142adnikiem  aktyw\u00f3w  finansowych,  kryteria przewidziane dla klasyfikacji aktyw\u00f3w finansowych stosuje si\u0119 do \u0142\u0105cznej umowy. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "Zaprzestaje  si\u0119  ujmowania instrument\u00f3w  pochodnych  jako  zabezpieczaj\u0105cych,  je\u017celi  instrument  pochodny  wyga\u015bnie, zostanie  sprzedany,  wypowiedziany,  zrealizowany  lub  je\u017celi  zmianie  uleg\u0142  cel  zarz\u0105dzania  ryzykiem  dla  danego powi\u0105zania.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "Pozycja  \u201eInne  instrumenty  finansowe  wyceniane  w  warto\u015bci godziwej\u201d  obejmuje  g\u0142\u00f3wnie:  udzia\u0142y  i  akcje  (notowane i nienotowane),  kt\u00f3re  nie  zosta\u0142y  nabyte  z  przeznaczeniem  do  obrotu  i  dla  kt\u00f3rych  dokonano  wyboru  opcji  wyceny w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody w celu ograniczenia fluktuacji wyniku Udzia\u0142y i akcje ujmowane s\u0105 pocz\u0105tkowo w warto\u015bci godziwej powi\u0119kszonej o koszty transakcyjne, a na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy wyceniane s\u0105  w warto\u015bci godziwej  z  uj\u0119ciem zysk\u00f3w/strat z  wyceny w pozosta\u0142ych ca\u0142kowitych dochodach.  Kwot  odniesionych  w  skumulowane  pozosta\u0142e  ca\u0142kowite  dochody  nie  przenosi  si\u0119  p\u00f3\u017aniej  do  wyniku finansowego,  natomiast  skumulowane  zyski/straty  na  danym  instrumencie  kapita\u0142owym  przenosi  si\u0119  w  ramach kapita\u0142\u00f3w do zysk\u00f3w zatrzymanych w momencie zaprzestania ujmowania instrumentu kapita\u0142owego. Dywidendy z takich inwestycji ujmuje si\u0119 w wyniku finansowym.  Warto\u015b\u0107  godziw\u0105  akcji  nienotowanych  i  udzia\u0142\u00f3w  ustala  si\u0119  z  zastosowaniem  wyceny maj\u0105tkowej  wg  metody skorygowanych aktyw\u00f3w netto. Zastosowanie tej metody wynika ze specyfiki aktyw\u00f3w sp\u00f3\u0142ek, kt\u00f3rych udzia\u0142y podlegaj\u0105 wycenie.  Do  wyceny  zosta\u0142y  wykorzystane  dane  wej\u015bciowe  inne  ni\u017c  pochodz\u0105ce  z  aktywnego  rynku,  kt\u00f3re  s\u0105 obserwowalne  (np.  ceny  transakcyjne  nieruchomo\u015bci  podobnych  do  nieruchomo\u015bci  b\u0119d\u0105cych  przedmiotem  wyceny, rynkowe stopy procentowe obligacji Skarbu Pa\u0144stwa i lokat terminowych w instytucjach finansowych, stopa dyskontowa wolna od ryzyka publikowana przez Europejski Urz\u0105d Nadzoru Ubezpiecze\u0144 i Pracowniczych Program\u00f3w Emerytalnych). Warto\u015b\u0107 godziw\u0105 akcji notowanych na gie\u0142dzie ustala si\u0119 w oparciu o kurs zamkni\u0119cia notowa\u0144 akcji na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-442": {
   "value": "Stan na 31.12.2022   Stan na 31.12.2021 Akcje w sp\u00f3\u0142kach notowanych na gie\u0142dzie (GPW w Warszawie oraz na TSX Venture Exchange), z tego:  422    516 TAURON POLSKA ENERGIA S.A.   386    483 GRUPA AZOTY S.A.   32    27 Pozosta\u0142e akcje notowane    4    6 Udzia\u0142y/akcje w sp\u00f3\u0142kach nienotowanych na gie\u0142dzie   99    99 Udzielone po\u017cyczki   20    22 Pozosta\u0142e nale\u017cno\u015bci  65   - Inne instrumenty finansowe wyceniane w warto\u015bci godziwej,  z tego:  606    637 wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)  - - wykazane jako \u201einne instrumenty finansowe wyceniane w warto\u015bci    godziwej\"  606 637 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "Stan na 31.12.2022 Stan na 31.12.2021 \u015arodki pieni\u0119\u017cne Funduszu Likwidacji Zak\u0142ad\u00f3w G\u00f3rniczych i Funduszu Rekultywacji Sk\u0142adowisk Odpad\u00f3w* 406 427 Pozosta\u0142e d\u0142ugoterminowe nale\u017cno\u015bci finansowe 63 72 Nota 7.1 Razem, z tego: 469 499 wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia) - 3 wykazane jako \u201einne instrumenty finansowe wyceniane  w zamortyzowanym koszcie\"  469 496 Nota 9.8 Aktywa przeznaczone do sprzeda\u017cy (grupa zbycia) i zwi\u0105zane z nimi zobowi\u0105zania  Zasady rachunkowo\u015bci Aktywa  trwa\u0142e  (lub  grupy  do  zbycia) Grupa  klasyfikuje jako  przeznaczone  do  sprzeda\u017cy,  je\u017celi  ich  warto\u015b\u0107  bilansowa b\u0119dzie odzyskana raczej w drodze transakcji sprzeda\u017cy ni\u017c poprzez kontynuowanie u\u017cytkowania, pod warunkiem, i\u017c s\u0105 dost\u0119pne do natychmiastowej sprzeda\u017cy w obecnym stanie, z zachowaniem warunk\u00f3w, kt\u00f3re s\u0105 zwyczajowo stosowane przy sprzeda\u017cy tych aktyw\u00f3w (lub grup do zbycia) oraz ich sprzeda\u017c jest wysoce uprawdopodobniona. Sprzeda\u017c uznaje si\u0119 za wysoce uprawdopodobnion\u0105, gdy Grupa jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w lub grupy do zbycia, podj\u0119te zosta\u0142y dzia\u0142ania maj\u0105ce na celu aktywne poszukiwanie nabywcy, sk\u0142adnik aktyw\u00f3w oferowany jest na sprzeda\u017c po cenie, kt\u00f3ra jest racjonalna w odniesieniu do jego bie\u017c\u0105cej warto\u015bci godziwej, Grupa ma zamiar sprzeda\u0107 sk\u0142adnik aktyw\u00f3w w ci\u0105gu roku od dnia kwalifikacji. Wyd\u0142u\u017cenie okresu wymaganego do zako\u0144czenia sprzeda\u017cy powy\u017cej 1 roku mo\u017cliwe jest tylko wtedy, kiedy op\u00f3\u017anienie zosta\u0142o spowodowane przez zdarzenia i okoliczno\u015bci znajduj\u0105ce si\u0119 poza kontrol\u0105 Grupy, a sama Grupa mo\u017ce udowodni\u0107, \u017ce jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w. Na moment przekwalifikowania aktywa te wycenia si\u0119 wed\u0142ug ni\u017cszej z dw\u00f3ch warto\u015bci: warto\u015bci bilansowej lub warto\u015bci godziwej pomniejszonej o koszty zbycia. R\u00f3\u017cnica z wyceny do warto\u015bci godziwej ujmowana jest w pozosta\u0142ych kosztach operacyjnych. W  momencie  p\u00f3\u017aniejszej  wyceny, ewentualne  odwr\u00f3cenie warto\u015bci  godziwej ujmuje  si\u0119 w  pozosta\u0142ych przychodach operacyjnych.  W  okresie  bie\u017c\u0105cym  nast\u0105pi\u0142a  realizacja  transakcji  sprzeda\u017cy  aktyw\u00f3w  przeznaczonych  do  sprzeda\u017cy  (grupy  zbycia) i zwi\u0105zanych  z  nimi  zobowi\u0105za\u0144  sp\u00f3\u0142ek  S.C.M.  Franke,  Interferie  S.A.  i  Interferie  Medical  SPA  sp.  z  o.  o.  oraz  przekwalifikowanie aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupy zbycia) i zwi\u0105zanych z nimi zobowi\u0105za\u0144 sp\u00f3\u0142ki Carlota Copper Company do dzia\u0142alno\u015bci kontynuowanej. Szczeg\u00f3\u0142y przedstawione zosta\u0142y w informacji poni\u017cej. Nota 9.8.1 S.C.M. Franke i Carlota Copper Company Dnia  26  kwietnia  2022  r.  sp\u00f3\u0142ki  zale\u017cne  KGHM  International  Ltd.,  Franke  Holdings  Ltd.  oraz  Centenario  Holdings  Ltd., podpisa\u0142y umow\u0119 zbycia 100% udzia\u0142\u00f3w sp\u00f3\u0142ki Sociedad Contractual Minera Franke, b\u0119d\u0105cej w\u0142a\u015bcicielem kopalni Franke w Chile, na rzecz Minera Las Cenizas S.A., za wynegocjowan\u0105 pocz\u0105tkow\u0105 cen\u0119 nabycia w wysoko\u015bci 25 mln USD.  Zgodnie z umow\u0105 zbycia, wynegocjowana pocz\u0105tkowa cena nabycia zosta\u0142a skorygowana m.in. o zmian\u0119 stanu kapita\u0142u obrotowego  netto,  \u015brodk\u00f3w  pieni\u0119\u017cnych  oraz  zad\u0142u\u017cenia  zewn\u0119trznego  pomi\u0119dzy  31  marca  2022  r.  a dat\u0105  transakcji. Pocz\u0105tkowa  skorygowana  cena  nabycia  100%  udzia\u0142\u00f3w  S.C.M.  Franke  wynios\u0142a  23  mln  USD  (p\u0142atna  w  \u015brodkach pieni\u0119\u017cnych). Warto\u015b\u0107 bilansowa aktyw\u00f3w i zobowi\u0105za\u0144 b\u0119d\u0105cych przedmiotem transakcji sprzeda\u017cy na dzie\u0144 transakcji wynosi\u0142a 19 mln USD. Poza  p\u0142atno\u015bci\u0105  pocz\u0105tkow\u0105  (pocz\u0105tkowa  cena  nabycia),  mechanizm  ceny  uwzgl\u0119dnia  p\u0142atno\u015bci  warunkowe o maksymalnej warto\u015bci 45 mln USD. Bior\u0105c pod uwag\u0119 prawdopodobie\u0144stwo otrzymania tych p\u0142atno\u015bci oraz okres ich realizacji, zosta\u0142y one wycenione w warto\u015bci zdyskontowanej w kwocie 13 mln USD i uj\u0119te w zysku ze zbycia. Zysk ze zbycia S.C.M. Franke zosta\u0142 uj\u0119ty w pozycji \u201ePozosta\u0142e przychody operacyjne\u201d. Rozliczenie transakcji sprzeda\u017cy S.C.M. Franke mln USD mln PLN Pocz\u0105tkowa cena nabycia  25 109 Zmiana stanu kapita\u0142u obrotowego netto, \u015brodk\u00f3w pieni\u0119\u017cnych oraz zad\u0142u\u017cenia zewn\u0119trznego pomi\u0119dzy  dniem 31 marca 2022 r. a 26 kwietnia 2022 r.  ( 2) ( 9) Pocz\u0105tkowa skorygowana cena nabycia 23 100 Warto\u015b\u0107 bilansowa aktyw\u00f3w i zobowi\u0105za\u0144 b\u0119d\u0105cych przedmiotem transakcji sprzeda\u017cy  19 86 Wycena p\u0142atno\u015bci warunkowych na dzie\u0144 zbycia 13 60 Aktualizacja wyceny p\u0142atno\u015bci warunkowych na dzie\u0144 bilansowy  1 5 Wynik na sprzeda\u017cy 18 79 R\u00f3\u017cnice kursowe przekwalifikowanie z pozosta\u0142ych  ca\u0142kowitych dochod\u00f3w do zysku ze zbycia  - 64 Zysk ze zbycia w skonsolidowanym sprawozdaniu z wyniku  - 143 Na  dzie\u0144  30  czerwca  2022  r.  dokonano  ponownej  oceny  kryteri\u00f3w  okre\u015blonych  przez  MSSF  5,  na  podstawie  kt\u00f3rych Carlota Copper Company zosta\u0142a zakwalifikowana jako aktywo przeznaczone do sprzeda\u017cy. W wyniku przeprowadzonej analizy  Zarz\u0105d  Jednostki  Dominuj\u0105cej  na  dzie\u0144  30  czerwca  2022  r.  dokona\u0142  przekwalifikowania  aktyw\u00f3w  i zobowi\u0105za\u0144 sp\u00f3\u0142ki do dzia\u0142alno\u015bci kontynuowanej, z uwagi na fakt, \u017ce sprzeda\u017c nie by\u0142a wysoce prawdopodobna. Proces sprzeda\u017cy aktyw\u00f3w g\u00f3rniczych Carlota Copper Company nie zosta\u0142 zako\u0144czony. Zgodnie  z  MSSF  5.27  bezpo\u015brednio  po  przekwalifikowaniu  ustalono  warto\u015b\u0107  odzyskiwaln\u0105  aktyw\u00f3w  Carlota  Copper Company. Nie wyst\u0105pi\u0142y istotne r\u00f3\u017cnice w stosunku do warto\u015bci bilansowej na dzie\u0144 30 czerwca 2022 r. W listopadzie 2022 r. proces sprzeda\u017cy Carlota Copper Company zosta\u0142 wznowiony, jednak w ocenie Zarz\u0105du Jednostki Dominuj\u0105cej nie jest on zaawansowany na tyle, aby stwierdzi\u0107, \u017ce sprzeda\u017c jest wysoce prawdopodobna. Tym samym na dzie\u0144 31 grudnia 2022 r. aktywa sp\u00f3\u0142ki i zwi\u0105zane z nimi zobowi\u0105zania nie s\u0105 ujmowane jako przeznaczone do zbycia. Dzia\u0142alno\u015b\u0107  sp\u00f3\u0142ek  S.C.M.  Franke  i  Carlota  Copper  Company  zosta\u0142a  zaprezentowana  w  ramach  segmentu KGHM INTERNATIONAL LTD. Dane  finansowe  powy\u017cszych sp\u00f3\u0142ek zaprezentowane zosta\u0142y \u0142\u0105cznie  z dzia\u0142alno\u015bci\u0105  kontynuowan\u0105 w skonsolidowanym sprawozdaniu z wyniku, skonsolidowanym sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych oraz notach obja\u015bniaj\u0105cych do tych sprawozda\u0144  ze  wzgl\u0119du  na  to,  \u017ce  nie  stanowi\u0105  one  istotnej  cz\u0119\u015bci  dzia\u0142alno\u015bci  ani  elementu  wi\u0119kszego  planu  zbycia istotnej cz\u0119\u015bci dzia\u0142alno\u015bci (MSSF 5.32 a i b). Dane finansowe sp\u00f3\u0142ek S.C.M. Franke i Carlota Copper Company zaprezentowano w tabelach poni\u017cej: G\u0142\u00f3wne grupy aktyw\u00f3w i zobowi\u0105za\u0144 zakwalifikowanych do Grupy sprzeda\u017cy Stan na 26.04.2022 (data zbycia - data utraty kontroli) Stan na 31.12.2021  (prezentacja w ramach aktyw\u00f3w  i zobowi\u0105za\u0144 zakwalifikowanych do Grupy sprzeda\u017cy) S.C.M. Franke S.C.M. Franke    Carlota Copper Company AKTYWA      Aktywa niematerialne g\u00f3rnicze i hutnicze  125 116 3 Inne instrumenty finansowe wyceniane w zamortyzowanym koszcie  2 3 - Aktywa trwa\u0142e  127 119 3 Zapasy  91 87 62 Nale\u017cno\u015bci od odbiorc\u00f3w, w tym:  14 13 - nale\u017cno\u015bci od odbiorc\u00f3w wyceniane w warto\u015bci godziwej przez wynik finansowy  14 13 - Nale\u017cno\u015bci z tytu\u0142u podatk\u00f3w  5 3 - Pozosta\u0142e aktywa niefinansowe    15 3 - \u015arodki pieni\u0119\u017cne i ich ekwiwalenty  8 5 - Aktywa obrotowe    133 111 62 RAZEM AKTYWA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  260 230 65 ZOBOWI\u0104ZANIA  Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych - - 1 Rezerwy na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w technologicznych  91 75 214 Zobowi\u0105zania d\u0142ugoterminowe  91 75 215 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych  1 2 1   Zobowi\u0105zania wobec dostawc\u00f3w     58 26 7   Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych    6 5 3   Zobowi\u0105zania z tytu\u0142u podatk\u00f3w    1 1 -   Rezerwy na zobowi\u0105zania i inne obci\u0105\u017cenia   - - 1   Pozosta\u0142e zobowi\u0105zania    18 21 4 Zobowi\u0105zania kr\u00f3tkoterminowe  84 55 16 RAZEM ZOBOWI\u0104ZANIA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  175 130 231 Sprawozdanie z wyniku dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 26.04.2022 od 01.01.2021 do 31.12.2021 S.C.M. Franke S.C.M. Franke Carlota Copper Company Przychody  132 497 209 Koszty  ( 197) ( 443) ( 111) Zysk/(strata) z dzia\u0142alno\u015bci operacyjnej ( 65) 54 98 Koszty finansowe ( 1) ( 3) ( 5) Zysk/(strata) przed opodatkowaniem ( 66) 51 93 Podatek dochodowy - - - ZYSK/(STRATA) NETTO ( 66) 51 93 Przep\u0142ywy pieni\u0119\u017cne dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 26.04.2022 od 01.01.2021 do 31.12.2021 S.C.M. Franke S.C.M. Franke Carlota Copper Company Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci operacyjnej, w tym: ( 40) ( 7) 11           zmiana stanu rezerwy na likwidacj\u0119 kopal\u0144  10 ( 6) ( 5) Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci inwestycyjnej - ( 5) ( 10) Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci finansowej  42 ( 2) ( 2) PRZEP\u0141YWY PIENI\u0118\u017bNE NETTO  2 ( 14) ( 1) Nota 9.8.2 Interferie S.A. i Interferie Medical SPA Sp. z o.o.  W dniu 21 lutego 2022 r. KGHM VII Fundusz Inwestycyjny Zamkni\u0119ty Aktyw\u00f3w Niepublicznych (dalej: Fundusz), kt\u00f3rego w\u0142a\u015bcicielem  100%  Certyfikat\u00f3w  Inwestycyjnych  jest  KGHM  Polska  Mied\u017a  S.A,    zby\u0142    na  rzecz  Polskiego  Holdingu Hotelowego  sp. z  o.o.  wszystkie  posiadane  bezpo\u015brednio  udzia\u0142y  sp\u00f3\u0142ki  Interferie  Medical  SPA  Sp.  z  o.o.  z  siedzib\u0105 w Legnicy,  tj.  41.309  udzia\u0142\u00f3w  stanowi\u0105cych  67,37%  udzia\u0142\u00f3w  w  kapitale  zak\u0142adowym  i  taki  sam  procent  g\u0142os\u00f3w w zgromadzeniu wsp\u00f3lnik\u00f3w. W\u0142a\u015bcicielem pozosta\u0142ych 32,63% udzia\u0142\u00f3w w kapitale zak\u0142adowym sp\u00f3\u0142ki Interferie Medical SPA Sp. z o.o. by\u0142a sp\u00f3\u0142ka po\u015brednia Funduszu \u2013 INTERFERIE S.A. W  dniu  28  lutego 2022  r.,  w  wyniku  rozliczenia wezwania do  zapisywania si\u0119  na sprzeda\u017c  akcji INTERFERIE  S.A. (dalej: sp\u00f3\u0142ka), og\u0142oszonego przez Polski Holding Hotelowy sp. z o.o., sp\u00f3\u0142ki portfelowe Funduszu: Fundusz Hotele 01 Sp. z o.o. S.K.A. oraz Fundusz Hotele 01 Sp. z o.o., zby\u0142y wszystkie posiadane akcje sp\u00f3\u0142ki, tj. \u0142\u0105cznie 10 152 625 akcji, stanowi\u0105cych 69,71% w kapitale zak\u0142adowym i taki sam procent g\u0142os\u00f3w w walnym zgromadzeniu.  W  wyniku  powy\u017cszego,  Jednostka  Dominuj\u0105ca  ani  \u017caden  z  podmiot\u00f3w  Grupy  Kapita\u0142owej  nie  posiada  akcji  i  udzia\u0142\u00f3w w sp\u00f3\u0142kach: INTERFERIE S.A. oraz Interferie Medical SPA Sp. z o.o. Cena sprzeda\u017cy akcji obu sp\u00f3\u0142ek (p\u0142atna w \u015brodkach pieni\u0119\u017cnych) wynosi\u0142a \u0142\u0105cznie 167 mln PLN i przewy\u017csza\u0142a warto\u015b\u0107  aktyw\u00f3w netto nale\u017cnych Grupie o 37 mln PLN. Wynik na sprzeda\u017cy (zysk) zosta\u0142 uj\u0119ty w pozycji \u201ePozosta\u0142e przychody operacyjne\u201d. Dzia\u0142alno\u015b\u0107  sp\u00f3\u0142ek  Interferie  S.A.  i  Interferie  Medical  SPA  Sp\u00f3\u0142ka  z  o.o.  zosta\u0142a  zaprezentowana  w  ramach  segmentu Pozosta\u0142e segmenty. Dane finansowe powy\u017cszych sp\u00f3\u0142ek zaprezentowane zosta\u0142y \u0142\u0105cznie z dzia\u0142alno\u015bci\u0105 kontynuowan\u0105 w skonsolidowanym sprawozdaniu z wyniku, skonsolidowanym sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych oraz notach obja\u015bniaj\u0105cych do tych sprawozda\u0144  ze  wzgl\u0119du  na  to,  \u017ce  nie  stanowi\u0105  one  istotnej  cz\u0119\u015bci  dzia\u0142alno\u015bci  ani  elementu  wi\u0119kszego  planu  zbycia istotnej cz\u0119\u015bci dzia\u0142alno\u015bci (MSSF 5.32 a i b). Dane finansowe sp\u00f3\u0142ek INTERFERIE S.A. i Interferie Medical SPA Sp. z o.o. zaprezentowano w tabelach poni\u017cej: G\u0142\u00f3wne grupy aktyw\u00f3w i zobowi\u0105za\u0144 zakwalifikowanych do Grupy sprzeda\u017cy Stan na  28.02.2022 Stan na  31.12.2021 AKTYWA      Pozosta\u0142e rzeczowe aktywa trwa\u0142e   244 244 Pozosta\u0142e aktywa rzeczowe i niematerialne  244 244 Aktywa trwa\u0142e  244 244 Zapasy  1 1 Nale\u017cno\u015bci od odbiorc\u00f3w  2 2 Nale\u017cno\u015bci z tytu\u0142u podatk\u00f3w  1 1 Pozosta\u0142e aktywa niefinansowe    3 - \u015arodki pieni\u0119\u017cne i ich ekwiwalenty  15 15 Aktywa obrotowe    22 19 RAZEM AKTYWA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  266 263 ZOBOWI\u0104ZANIA  Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych  65 65   Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych    1 1   Pozosta\u0142e zobowi\u0105zania    6 3 Zobowi\u0105zania d\u0142ugoterminowe  72 69 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych  12 16   Zobowi\u0105zania wobec dostawc\u00f3w     6 7   Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych    1 4   Zobowi\u0105zania z tytu\u0142u podatk\u00f3w    4 1   Pozosta\u0142e zobowi\u0105zania    5 4 Zobowi\u0105zania kr\u00f3tkoterminowe  28 32 RAZEM ZOBOWI\u0104ZANIA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  100 101 Sprawozdanie z wyniku dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 28.02.2022 od 01.01.2021 do 31.12.2021 Przychody  14 71 Koszty  ( 15) ( 68) Zysk/(strata) z dzia\u0142alno\u015bci operacyjnej ( 1) 3 Koszty finansowe - ( 2) Zysk/(strata) przed opodatkowaniem ( 1) 1 Podatek dochodowy - - ZYSK/(STRATA) NETTO ( 1) 1 Przep\u0142ywy pieni\u0119\u017cne dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 28.02.2022 od 01.01.2021 do 31.12.2021 Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci operacyjnej  1 4 Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci inwestycyjnej ( 1) ( 11) Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci finansowej - 17 PRZEP\u0141YWY PIENI\u0118\u017bNE NETTO - 10 Nota 9.8.3 Projekt Oxide w Grupie Kapita\u0142owej KGHM INTERNATIONAL LTD. W IV kwartale 2021 r. pomi\u0119dzy KGHM Polska Mied\u017a S.A. a drugim wsp\u00f3lnikiem wsp\u00f3lnego przedsi\u0119wzi\u0119cia Sierra Gorda S.C.M.  \u2013  Sumitomo  (Sumitomo  Metal  Mining  Co.,  Ltd.  oraz  Sumitomo  Corporation)  zosta\u0142o  zawarte  porozumienie dotycz\u0105ce  sprzeda\u017cy  projektu  nale\u017c\u0105cego  do  sp\u00f3\u0142ki  zale\u017cnej  KGHM  Chile  SpA  -  Oxide  do  Sierra  Gorda  S.C.M.  W  dniu 15 grudnia 2021 r. zosta\u0142a podpisana umowa sprzeda\u017cy, gdzie data sprzeda\u017cy ustalona zosta\u0142a na dzie\u0144 1 stycznia 2022 r.  Na  dzie\u0144  31  grudnia  2021  r.  projekt  Oxide  zosta\u0142  przekwalifikowany  z  warto\u015bci  niematerialnych  nieoddanych do u\u017cytkowania  (aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w  mineralnych)  do  aktyw\u00f3w  trwa\u0142ych  przeznaczonych do sprzeda\u017cy w kwocie 176 mln PLN. Wp\u0142yw \u015brodk\u00f3w z tytu\u0142u transakcji sprzeda\u017cy nast\u0105pi\u0142 w dniu 4 marca 2022 r. Zysk ze sprzeda\u017cy w wysoko\u015bci 135 mln PLN zosta\u0142 uj\u0119ty w pozycji \u201ePozosta\u0142e przychody operacyjne\u201d.  Zgodnie z przyj\u0119t\u0105 przez Grup\u0119 polityk\u0105 rachunkowo\u015bci, udzia\u0142 Grupy w niezrealizowanym zysku na transakcji pomi\u0119dzy Grup\u0105 a jednostk\u0105 wycenian\u0105 metod\u0105 praw w\u0142asno\u015bci pomniejsza zysk z tytu\u0142u tej transakcji w korespondencji z warto\u015bci\u0105 bilansow\u0105 udzia\u0142u Grupy  w tej jednostce. Ze  wzgl\u0119du na  to, i\u017c  na dzie\u0144  31  grudnia 2022  r.  warto\u015b\u0107  bilansowa udzia\u0142u Grupy we wsp\u00f3lnym przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. wynosi 0 PLN, eliminacja niezrealizowanego zysku w proporcji do udzia\u0142u Grupy (55%) zostanie uj\u0119ta w momencie, gdy warto\u015b\u0107 bilansowa udzia\u0142u Grupy w Sierra Gorda S.C.M. osi\u0105gnie poziom powy\u017cej warto\u015bci 0 PLN. Nota 9.8.4 KGHM TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. Na  dzie\u0144  31  grudnia  2022  r.  Grupa  zidentyfikowa\u0142a  aktywa  i  zwi\u0105zane  z  nimi  zobowi\u0105zania  jednostki  zale\u017cnej  KGHM TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. jako przeznaczone do sprzeda\u017cy w zwi\u0105zku ze spe\u0142nieniem kryteri\u00f3w okre\u015blonych  przez  MSSF  5  (tj.  s\u0105  dost\u0119pne  do  natychmiastowej  sprzeda\u017cy  w  obecnym  stanie,  sprzeda\u017c  jest  wysoce prawdopodobna, w tym oczekuje si\u0119, \u017ce nast\u0105pi w ci\u0105gu 1 roku od dnia klasyfikacji jako przeznaczone do sprzeda\u017cy). Ze wzgl\u0119du na nieistotn\u0105 warto\u015b\u0107, te aktywa i zobowi\u0105zania nie zosta\u0142y wydzielone w sprawozdaniu z sytuacji finansowej do odr\u0119bnych pozycji, tj. \u201eAktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)\u201d i \u201eZobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia\u201d. Nota 9.8.5 Rzeczowe aktywa trwa\u0142e w Mercus Logistyka Sp. z o.o. Na dzie\u0144 31 grudnia 2022 r. Grupa zidentyfikowa\u0142a rzeczowe aktywa trwa\u0142e jednostki zale\u017cnej Mercus Logistyka Sp. z o.o. jako  przeznaczone  do  sprzeda\u017cy  w  zwi\u0105zku  ze  spe\u0142nieniem  kryteri\u00f3w  okre\u015blonych  przez  MSSF  5  (tj.  s\u0105  dost\u0119pne  do natychmiastowej sprzeda\u017cy  w  obecnym  stanie, sprzeda\u017c  jest  wysoce  prawdopodobna,  w  tym  oczekuje  si\u0119,  \u017ce  nast\u0105pi w ci\u0105gu  1  roku  od  dnia  klasyfikacji  jako  przeznaczone  do  sprzeda\u017cy).  Ze  wzgl\u0119du na  nieistotn\u0105  warto\u015b\u0107,  te  aktywa  nie zosta\u0142y wydzielone w sprawozdaniu z sytuacji finansowej do odr\u0119bnej pozycji, tj. \u201eAktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)\u201d. ",
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    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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   "value": "<div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:238.17578px;\">Nota 7.5 Zarz\u0105dz<span class=\"_ _3\"></span>anie ryzykiem <span class=\"_ _3\"></span>finansowym </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:216.17978px;\">G\u0142\u00f3wne rodzaje ryzyka <span class=\"_ _3\"></span>finansowego, <span class=\"_ _3\"></span>na kt\u00f3re Grupa Kapita\u0142<span class=\"_ _3\"></span>owa jest nara\u017cona w r<span class=\"_ _3\"></span>amach prowadzone<span class=\"_ _3\"></span>j dzia\u0142alno\u015bci to:  </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:202.1398px;\">\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyka rynkow<span class=\"_ _3\"></span>e: </span></span></div><div class=\"t m4 h2c ff11 fs6 fc0 sc0 ls0 ws0\" style=\"left:69.26807px; bottom:187.94379px;\">o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian cen m<span class=\"_ _3\"></span>etali, </span></span></div><div class=\"t m4 h2c ff11 fs6 fc0 sc0 ls0 ws0\" style=\"left:69.26807px; bottom:173.7478px;\">o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian ku<span class=\"_ _3\"></span>rs\u00f3w walutowych,<span class=\"_ _3\"></span> </span></span></div><div class=\"t m4 h2c ff11 fs6 fc0 sc0 ls0 ws0\" style=\"left:69.26807px; bottom:159.55182px;\">o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> zmian st<span class=\"_ _3\"></span>\u00f3p procentowych,<span class=\"_ _3\"></span>  </span></span></div><div class=\"t m4 h2c ff11 fs6 fc0 sc0 ls0 ws0\" style=\"left:69.26807px; bottom:145.3558px;\">o<span class=\"ff8\"> <span class=\"_ _6b\"> </span><span class=\"ff2\">ryzyko<span class=\"_ _2\"></span> cenowe zw<span class=\"_ _3\"></span>i\u0105zane z inwes<span class=\"_ _3\"></span>tycjami w akcje sp\u00f3\u0142<span class=\"_ _3\"></span>ek notowanych w <span class=\"_ _3\"></span>obrocie publicznym (Nota <span class=\"_ _3\"></span>7.3),  </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:131.31583px;\">\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyko kredytow<span class=\"_ _3\"></span>e, </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:117.11981px;\">\u2022<span class=\"ff8\"> <span class=\"_ _6d\"> </span><span class=\"ff2\">ryzyko p\u0142ynno\u015bci (<span class=\"_ _3\"></span>proces zarz\u0105dza<span class=\"_ _3\"></span>nia p\u0142ynno\u015bci\u0105 finansow\u0105<span class=\"_ _3\"></span> opisany jest w Noci<span class=\"_ _3\"></span>e 8). </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:95.12384px;\">Grupa <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>bie\u017c\u0105co <span class=\"_ _1\"> </span>identyfikuje <span class=\"_ _0\"> </span>i <span class=\"_ _1\"> </span>dokonuje <span class=\"_ _1\"> </span>pomiar\u00f3w <span class=\"_ _0\"> </span>ryzyka <span class=\"_ _1\"> </span>finansowego, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>tak\u017ce <span class=\"_ _1\"> </span>podejmuje <span class=\"_ _0\"> </span>dzia\u0142ania <span class=\"_ _1\"> </span>maj\u0105ce <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>celu<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:80.92784px;\">minimalizacj\u0119 ich wp<span class=\"_ _3\"></span>\u0142ywu na sytuacj\u0119 finans<span class=\"_ _3\"></span>ow\u0105. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:59.087845px;\">Jednostka <span class=\"_ _0\"></span>Dominuj\u0105<span class=\"_ _3\"></span>ca <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>parciu <span class=\"_ _53\"></span>o <span class=\"_ _0\"></span>przyj\u0119t\u0105 <span class=\"_ _0\"></span>Polityk\u0119 <span class=\"_ _0\"></span>Zarz\u0105d<span class=\"_ _3\"></span>zania <span class=\"_ _0\"></span>Ryzykiem <span class=\"_ _53\"></span>Rynkowym, <span class=\"_ _0\"></span>Polityk\u0119 <span class=\"_ _53\"></span>Zarz\u0105dzania <span class=\"_ _0\"></span>P\u0142ynno\u015bci\u0105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:44.89186px;\">Finansow\u0105 <span class=\"_ _67\"> </span>oraz <span class=\"_ _5e\"> </span>Po<span class=\"_ _2\"></span>lityk\u0119 <span class=\"_ _67\"> </span>Zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _67\"> </span>Ryzykiem <span class=\"_ _5e\"> </span>Kredytowym, <span class=\"_ _67\"> </span>w <span class=\"_ _67\"> </span>spos\u00f3b <span class=\"_ _67\"> </span>\u015bwiadom<span class=\"_ _3\"></span>y <span class=\"_ _67\"> </span>i <span class=\"_ _67\"> </span>odpowiedzialn<span class=\"_ _3\"></span>y <span class=\"_ _67\"> </span>zarz\u0105dza </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:30.695862px;\">zidentyfikowanym<span class=\"_ _3\"></span>i <span class=\"_ _74\"> </span>rodzajami <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>f<span class=\"_ _2\"></span>inansowego. <span class=\"_ _1\"> </span>Proces <span class=\"_ _74\"> </span>zarz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _1\"> </span>ryzykie<span class=\"_ _2\"></span>m <span class=\"_ _1\"> </span>finansowym <span class=\"_ _1\"> </span>w Jednostce <span class=\"_ _74\"> </span>Dominuj\u0105cej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:16.499863px;\">wspomagany <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>przez <span class=\"_ _57\"> </span>prac\u0119 <span class=\"_ _59\"> </span>Komitetu <span class=\"_ _57\"> </span>Ryzyka <span class=\"_ _57\"> </span>Rynkowego, <span class=\"_ _57\"> </span>Komitetu <span class=\"_ _57\"> </span>P\u0142ynno\u015bci <span class=\"_ _59\"> </span>Finansow<span class=\"_ _3\"></span>ej <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>Ko<span class=\"_ _2\"></span>mitetu <span class=\"_ _57\"> </span>Ryzyka </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.3038788px;\">Kredytowego.  </div>Nota 7.5.1 Ryzy<span class=\"_ _3\"></span>ko rynkowe Poprzez <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>rynkowe, <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _74\"> </span>nara\u017cona <span class=\"_ _1\"> </span>jest <span class=\"_ _74\"> </span>Grupa <span class=\"_ _1\"> </span>Kapita\u0142owa, <span class=\"_ _1\"> </span>rozumie <span class=\"_ _1\"> </span>s<span class=\"_ _2\"></span>i\u0119 <span class=\"_ _1\"> </span>mo\u017cliwo\u015b\u0107 <span class=\"_ _1\"> </span>wyst\u0105pienia <span class=\"_ _1\"> </span>negatywnego wp\u0142ywu <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>wyniki <span class=\"_ _1\"> </span>Grupy <span class=\"_ _74\"> </span>wynikaj\u0105cego <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>zmiany <span class=\"_ _74\"> </span>cen <span class=\"_ _1\"> </span>rynkowych <span class=\"_ _1\"> </span>to<span class=\"_ _2\"></span>war\u00f3w, <span class=\"_ _1\"> </span>kurs\u00f3w <span class=\"_ _1\"> </span>walutowych <span class=\"_ _1\"> </span>i <span class=\"_ _74\"> </span>st\u00f3p <span class=\"_ _74\"> </span>procentowych, d\u0142u\u017cnych papier<span class=\"_ _3\"></span>\u00f3w warto\u015bciowyc<span class=\"_ _3\"></span>h oraz cen akcji sp\u00f3\u0142ek n<span class=\"_ _3\"></span>otowanych w obrocie pub<span class=\"_ _3\"></span>licznym. Nota 7.5.1.1 Z<span class=\"_ _3\"></span>asady i techniki zarz<span class=\"_ _3\"></span>\u0105dzania ryzykiem rynk<span class=\"_ _3\"></span>owym W <span class=\"_ _57\"> </span>zakresie <span class=\"_ _57\"> </span>zarz\u0105dzania<span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(w <span class=\"_ _57\"> </span>szczeg\u00f3lno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>zmian <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>metali  i <span class=\"_ _57\"> </span>walutowym) <span class=\"_ _57\"> </span>najwi\u0119ksze<span class=\"_ _3\"></span> znaczenie <span class=\"_ _74\"> </span>oraz  wp\u0142yw <span class=\"_ _74\"> </span>na  w<span class=\"_ _3\"></span>yniki  Gru<span class=\"_ _3\"></span>py  Kapi<span class=\"_ _3\"></span>ta\u0142owej  K<span class=\"_ _3\"></span>GHM  P<span class=\"_ _3\"></span>olska <span class=\"_ _58\"> </span>Mied\u017a <span class=\"_ _74\"> </span>S.A.  ma <span class=\"_ _74\"> </span>skala  i <span class=\"_ _74\"> </span>profil  dzia<span class=\"_ _3\"></span>\u0142alno\u015bci <span class=\"_ _58\"> </span>Jednostki Dominuj\u0105cej oraz <span class=\"_ _3\"></span>sp\u00f3\u0142ek wydobywczych <span class=\"_ _3\"></span>KGHM INTERNAT<span class=\"_ _3\"></span>IONAL LTD. Jednostka <span class=\"_ _55\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>aktywnie <span class=\"_ _55\"> </span>zarz\u0105dza <span class=\"_ _54\"> </span>ryzykiem <span class=\"_ _5e\"> </span>rynkowym,<span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>pode<span class=\"_ _2\"></span>jmuj\u0105c <span class=\"_ _55\"> </span>dzia\u0142ania <span class=\"_ _54\"> </span>i <span class=\"_ _5e\"> </span>decyzje <span class=\"_ _55\"> </span>w <span class=\"_ _55\"> </span>tym <span class=\"_ _55\"> </span>zakresie w kontek\u015bcie globaln<span class=\"_ _3\"></span>ej ekspozycji <span class=\"_ _3\"></span>w ca\u0142ej Grupie Kapita\u0142owe<span class=\"_ _3\"></span>j KGHM Polska <span class=\"_ _3\"></span>Mied\u017a S.A. Zgodnie z przyj\u0119<span class=\"_ _3\"></span>t\u0105 polityk\u0105, celami pr<span class=\"_ _3\"></span>ocesu zarz\u0105dzania <span class=\"_ _3\"></span>ryzykiem rynkowym w Grupie Ka<span class=\"_ _3\"></span>pita\u0142owej s\u0105: <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ograniczeni<span class=\"_ _3\"></span>e zmienno\u015bci wyniku finan<span class=\"_ _3\"></span>sowego, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zwi\u0119kszenie pr<span class=\"_ _3\"></span>awdopodobie\u0144st<span class=\"_ _3\"></span>wa realizacji za\u0142o\u017ce\u0144 bud\u017c<span class=\"_ _3\"></span>etowych,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zmniejszenie pr<span class=\"_ _3\"></span>awdopodobie\u0144st<span class=\"_ _3\"></span>wa utraty p\u0142ynno\u015bci finan<span class=\"_ _3\"></span>sowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">utrzymanie d<span class=\"_ _3\"></span>obrej kondycji finan<span class=\"_ _3\"></span>sowej, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">wspieranie <span class=\"_ _63\"> </span>procesu <span class=\"_ _63\"> </span>podejmowania <span class=\"_ _63\"> </span>decyzji <span class=\"_ _63\"> </span>strategicznych <span class=\"_ _63\"> </span>w <span class=\"_ _63\"> </span>o<span class=\"_ _2\"></span>bszarze <span class=\"_ _63\"> </span>dzia\u0142alno\u015bci <span class=\"_ _63\"> </span>inwestycyjnej, </span></span>z uwzgl\u0119dnieniem \u017ar<span class=\"_ _3\"></span>\u00f3de\u0142 finansowania<span class=\"_ _3\"></span> inwestycji. Wszystkie cele <span class=\"_ _2\"></span>zarz\u0105dzania ryzykiem <span class=\"_ _2\"></span>rynkowym nale\u017cy <span class=\"_ _2\"></span>rozpatrywa\u0107 \u0142\u0105cznie, a <span class=\"_ _2\"></span>ich <span class=\"_ _2\"></span>realizacja je<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>zale\u017cna przede <span class=\"_ _2\"></span>wszystkim od sytuacji wewn\u0119<span class=\"_ _3\"></span>trznej Grupy oraz<span class=\"_ _3\"></span> warunk\u00f3w rynkowych. <span class=\"_ _3\"></span> Cele <span class=\"_ _69\"> </span>zarz\u0105dzania <span class=\"_ _67\"> </span>ryzykiem <span class=\"_ _69\"> </span>rynkowym <span class=\"_ _69\"> </span>na <span class=\"_ _69\"> </span>poziomie <span class=\"_ _69\"> </span>Grupy <span class=\"_ _69\"> </span>Kapita\u0142owej <span class=\"_ _69\"> </span>s\u0105 <span class=\"_ _69\"> </span>osi\u0105gane <span class=\"_ _69\"> </span>w <span class=\"_ _69\"> </span>wyniku <span class=\"_ _69\"> </span>ich <span class=\"_ _69\"> </span>realizacji w poszczeg\u00f3lnych <span class=\"_ _57\"> </span>sp\u00f3\u0142kach <span class=\"_ _57\"> </span>wydobywczych <span class=\"_ _57\"> </span>Grupy, <span class=\"_ _57\"> </span>przy <span class=\"_ _57\"> </span>koordynacji <span class=\"_ _57\"> </span>tych <span class=\"_ _59\"> </span>dzia\u0142a\u0144 <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>poziomu <span class=\"_ _57\"> </span>Jednostki <span class=\"_ _57\"> </span>Dominuj\u0105cej,<span class=\"_ _3\"></span> w kt\u00f3rej  scentralizowane  zosta\u0142y  kluczowe <span class=\"_ _57\"> </span>zadania  zwi\u0105zane  z  proce<span class=\"_ _2\"></span>sem  zarz\u0105dzania  ryzykiem  rynkowym  w Grupie (m.in. koordynacja <span class=\"_ _55\"> </span>identyfikacji<span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>\u017ar\u00f3de\u0142 <span class=\"_ _5e\"> </span>ekspozycji <span class=\"_ _55\"> </span>na <span class=\"_ _5e\"> </span>ryzyko <span class=\"_ _55\"> </span>rynkowe, <span class=\"_ _55\"> </span>proponowanie <span class=\"_ _55\"> </span>strategii <span class=\"_ _5e\"> </span>zabezpieczaj\u0105c<span class=\"_ _3\"></span>ych, kontaktowanie  si\u0119  z  instytucjami  finansowymi  w  celu  zawierania,<span class=\"_ _3\"></span>  po<span class=\"_ _2\"></span>twierdzania  i rozliczan<span class=\"_ _3\"></span>ia  transakcji  pochodnych, kalkulowanie wyceny d<span class=\"_ _3\"></span>o warto\u015bci godziw<span class=\"_ _3\"></span>ej). G\u0142\u00f3wn\u0105 <span class=\"_ _53\"></span>technik\u0105 <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _2\"></span>ryzykiem <span class=\"_ _53\"></span>rynkowym <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>Je<span class=\"_ _2\"></span>dnostce <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>strategie <span class=\"_ _53\"></span>zabezpieczaj\u0105ce <span class=\"_ _2\"></span>wykorzystuj\u0105ce instrumenty <span class=\"_ _57\"> </span>pochodne. <span class=\"_ _59\"> </span>St<span class=\"_ _3\"></span>osuje <span class=\"_ _57\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>ak\u017ce <span class=\"_ _57\"> </span>hedging <span class=\"_ _59\"> </span>natura<span class=\"_ _3\"></span>lny. <span class=\"_ _59\"> </span>Niekt<span class=\"_ _3\"></span>\u00f3re <span class=\"_ _59\"> </span>krajowe <span class=\"_ _57\"> </span>sp\u00f3\u0142ki <span class=\"_ _59\"> </span>Grupy<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>r\u00f3wnie\u017c <span class=\"_ _57\"> </span>wykorzystuj\u0105 instrumenty <span class=\"_ _2\"></span>pochodne <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>swojej <span class=\"_ _2\"></span>dzia\u0142alno\u015bci, <span class=\"_ _53\"></span>jednak\u017ce <span class=\"_ _2\"></span>jedynie <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>stosuje <span class=\"_ _53\"></span>transakcje <span class=\"_ _2\"></span>zabezpieczaj\u0105c<span class=\"_ _3\"></span>e w rozumieniu rachunk<span class=\"_ _3\"></span>owo\u015bci zabezpie<span class=\"_ _3\"></span>cze\u0144.  Bior\u0105c <span class=\"_ _2\"></span>pod <span class=\"_ _53\"></span>uwag\u0119 <span class=\"_ _2\"></span>potencjaln\u0105 <span class=\"_ _2\"></span>skal\u0119 <span class=\"_ _2\"></span>wp\u0142<span class=\"_ _2\"></span>ywu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>niki <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>Kapita\u0142owej, <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>zynniki <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>rynkowego <span class=\"_ _2\"></span>zos<span class=\"_ _2\"></span>ta\u0142y <span class=\"_ _2\"></span>podzielone na grupy Grupa <span class=\"_ _a3\"> </span>Ryzyko ry<span class=\"_ _3\"></span>nkowe <span class=\"_ _6a\"> </span>Po<span class=\"_ _2\"></span>dej\u015bcie do z<span class=\"_ _3\"></span>arz\u0105dzania ryzyki<span class=\"_ _3\"></span>em Nota 7.2 Grupa I \u2013 o najwi\u0119kszy<span class=\"_ _3\"></span>m udziale w ca\u0142k<span class=\"_ _3\"></span>owitej ekspozycji G<span class=\"_ _3\"></span>rupy na ryzyko rynk<span class=\"_ _3\"></span>owe Cena mied<span class=\"_ _3\"></span>zi W <span class=\"_ _1\"> </span>odniesie<span class=\"_ _3\"></span>niu <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>tej <span class=\"_ _0\"></span>grupy <span class=\"_ _1\"> </span>stosuje<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>si\u0119 <span class=\"_ _1\"> </span>podej\u015bcie <span class=\"_ _0\"> </span>strategiczne <span class=\"_ _0\"></span>polegaj\u0105ce<span class=\"_ _3\"></span> na systemat<span class=\"_ _3\"></span>ycznym <span class=\"_ _69\"> </span>budowaniu <span class=\"_ _69\"> </span>pozycji <span class=\"_ _69\"> </span>zabezpiec<span class=\"_ _3\"></span>zaj\u0105cej, <span class=\"_ _69\"> </span>obejmuj\u0105cej<span class=\"_ _3\"></span> produkcj\u0119 <span class=\"_ _5d\"> </span>oraz <span class=\"_ _69\"> </span>p<span class=\"_ _2\"></span>rzycho<span class=\"_ _3\"></span>dy <span class=\"_ _5d\"> </span>ze <span class=\"_ _5d\"> </span>sprzeda\u017cy <span class=\"_ _5d\"> </span>na <span class=\"_ _5d\"> </span>kolejne <span class=\"_ _5d\"> </span>ok<span class=\"_ _3\"></span>resy, <span class=\"_ _5d\"> </span>przy uwzgl\u0119dnie<span class=\"_ _3\"></span>niu <span class=\"_ _1\"> </span>cy<span class=\"_ _2\"></span>kliczno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _74\"> </span>poszczeg\u00f3l<span class=\"_ _3\"></span>nych <span class=\"_ _74\"> </span>rynk\u00f3w <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>d\u0142u\u017cszym <span class=\"_ _1\"> </span>terminie.<span class=\"_ _3\"></span> Pozycja <span class=\"_ _35\"> </span>zabezpiec<span class=\"_ _3\"></span>zaj\u0105ca <span class=\"_ _35\"> </span>mo\u017ce <span class=\"_ _35\"> </span>by\u0107 <span class=\"_ _35\"> </span>restruktu<span class=\"_ _3\"></span>ryzowana <span class=\"_ _35\"> </span>przed<span class=\"_ _3\"></span> jej wyga\u015bni\u0119cie<span class=\"_ _3\"></span>m. Nota 7.2 <span class=\"_ _12f\"> </span>Cena srebra<span class=\"_ _3\"></span> Nota 7.2 <span class=\"_ _12f\"> </span>Kurs USD/PL<span class=\"_ _3\"></span>N Nota 7.2 Grupa II \u2013 p<span class=\"_ _3\"></span>ozosta\u0142a ekspozycja <span class=\"_ _3\"></span>na ryzyko rynk<span class=\"_ _3\"></span>owe Ceny pozost<span class=\"_ _3\"></span>a\u0142ych metali i towar<span class=\"_ _3\"></span>\u00f3w Ta <span class=\"_ _0\"></span>grupa <span class=\"_ _53\"></span>to <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"></span>mniej <span class=\"_ _53\"></span>kluczowe <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>punktu <span class=\"_ _0\"></span>widzenia <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>K<span class=\"_ _2\"></span>apita\u0142<span class=\"_ _3\"></span>owej, cho\u0107 <span class=\"_ _2\"></span>czasem <span class=\"_ _53\"></span>istotne z<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>punktu <span class=\"_ _2\"></span>widzenia <span class=\"_ _2\"></span>poszczeg\u00f3lnych <span class=\"_ _2\"></span>jednostek, dlatego zarz\u0105dzana <span class=\"_ _5f\"> </span>jest <span class=\"_ _6b\"> </span>w spos\u00f3b <span class=\"_ _6b\"> </span>taktyczny, <span class=\"_ _6b\"> </span>nie <span class=\"_ _6b\"> </span>maj\u0105cy <span class=\"_ _6b\"> </span>chara<span class=\"_ _3\"></span>kteru systematycz<span class=\"_ _3\"></span>nego, <span class=\"_ _5d\"> </span>cz\u0119sto <span class=\"_ _64\"> </span>wyk<span class=\"_ _3\"></span>orzystuj\u0105c <span class=\"_ _5d\"> </span>ponadprzeci\u0119t<span class=\"_ _3\"></span>nie <span class=\"_ _5d\"> </span>sprzyjaj\u0105ce warunki rynk<span class=\"_ _3\"></span>owe. Nota 7.2 Pozosta\u0142e ku<span class=\"_ _3\"></span>rsy walutowe<span class=\"_ _3\"></span> Nota 7.2 <span class=\"_ _12f\"> </span>Stopy proce<span class=\"_ _3\"></span>ntowe W zarz\u0105dz<span class=\"_ _3\"></span>aniu ryzykiem rynkowym stosu<span class=\"_ _3\"></span>je si\u0119 odr\u0119bne podej\u015b<span class=\"_ _3\"></span>cia dla poszcze<span class=\"_ _3\"></span>g\u00f3lnych, zidentyfik<span class=\"_ _3\"></span>owanych grup ekspozy<span class=\"_ _3\"></span>cji.  Przy wybo<span class=\"_ _2\"></span>rze <span class=\"_ _2\"></span>wdra\u017canych strategii <span class=\"_ _2\"></span>zabezpieczaj\u0105cych <span class=\"_ _2\"></span>lub <span class=\"_ _2\"></span>restruk<span class=\"_ _3\"></span>turyzacji <span class=\"_ _2\"></span>pozycji <span class=\"_ _2\"></span>zabezpieczaj\u0105ce<span class=\"_ _3\"></span>j <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca uwzgl\u0119dnia <span class=\"_ _53\"></span>nast\u0119puj\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>czynniki: <span class=\"_ _53\"></span>aktualne <span class=\"_ _53\"></span>i prognoz<span class=\"_ _3\"></span>owane <span class=\"_ _53\"></span>warunki <span class=\"_ _53\"></span>rynkowe, <span class=\"_ _53\"></span>sytuacj\u0119 <span class=\"_ _53\"></span>wewn\u0119trz<span class=\"_ _3\"></span>n\u0105 <span class=\"_ _53\"></span>Jednostki, <span class=\"_ _53\"></span>efektywny<span class=\"_ _3\"></span> poziom i koszt zabezpi<span class=\"_ _3\"></span>eczenia oraz<span class=\"_ _3\"></span> wp\u0142yw podatku od niek<span class=\"_ _3\"></span>t\u00f3rych kopalin. Jednostka  Dominuj\u0105ca  stosuje  zintegrowan<span class=\"_ _3\"></span>e  podej\u015bcie  do  zarz\u0105dzania  ryzykiem  rynkowym,  na  kt\u00f3re  jest  nara\u017cona. Oznacza  to podej\u015bcie  ca\u0142o\u015bciow<span class=\"_ _3\"></span>e <span class=\"_ _57\"> </span>do  ryzyka  rynkowego,  a  nie  do <span class=\"_ _57\"> </span>jego  poszczeg\u00f3lnych  element<span class=\"_ _3\"></span>\u00f3w  osobno. <span class=\"_ _57\"> </span>Przyk\u0142a<span class=\"_ _3\"></span>d stanowi\u0105 <span class=\"_ _2\"></span>transakcje <span class=\"_ _53\"></span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105ce <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _2\"></span>walutowym, <span class=\"_ _2\"></span>kt\u00f3re <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>\u015bci\u015ble <span class=\"_ _53\"></span>zwi\u0105zane <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>kontraktam<span class=\"_ _3\"></span>i <span class=\"_ _53\"></span>zawieranymi <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku metali. <span class=\"_ _0\"> </span>Zabezpieczanie <span class=\"_ _0\"></span>cen <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _0\"></span>metali <span class=\"_ _0\"></span>determinuje <span class=\"_ _0\"></span>prawdopodobie\u0144stwo <span class=\"_ _0\"></span>uzyskania <span class=\"_ _0\"></span>okre\u015blonych <span class=\"_ _0\"> </span>przychod\u00f3w <span class=\"_ _0\"> </span>ze sprzeda\u017cy w USD,<span class=\"_ _3\"></span> kt\u00f3re to stanowi\u0105 pozycj<span class=\"_ _3\"></span>\u0119 zabezpieczan\u0105 dla <span class=\"_ _3\"></span>strategii na rynku <span class=\"_ _3\"></span>walutowym.  Stosowane <span class=\"_ _54\"> </span>s\u0105 <span class=\"_ _5a\"> </span>tylko <span class=\"_ _54\"> </span>te <span class=\"_ _5a\"> </span>instrumenty <span class=\"_ _54\"> </span>pochodn<span class=\"_ _3\"></span>e, <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>J<span class=\"_ _3\"></span>ednostka <span class=\"_ _5a\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>stanie <span class=\"_ _54\"> </span>wyceni\u0107 <span class=\"_ _5a\"> </span>wewn\u0119trznie<span class=\"_ _3\"></span> z zastosowaniem <span class=\"_ _53\"></span>standardow<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>modeli <span class=\"_ _53\"></span>wyceny <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>danego <span class=\"_ _53\"></span>instrumentu, <span class=\"_ _53\"></span>jak <span class=\"_ _53\"></span>r\u00f3wnie\u017c <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _53\"></span>zby\u0107 <span class=\"_ _53\"></span>je <span class=\"_ _0\"></span>bez <span class=\"_ _53\"></span>znacznej <span class=\"_ _53\"></span>utraty<span class=\"_ _3\"></span> warto\u015bci <span class=\"_ _54\"> </span>u <span class=\"_ _54\"> </span>kontrahenta <span class=\"_ _54\"> </span>inn<span class=\"_ _3\"></span>ego <span class=\"_ _54\"> </span>ni\u017c <span class=\"_ _54\"> </span>ten, <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>kt\u00f3rym <span class=\"_ _54\"> </span>pierwotnie <span class=\"_ _5a\"> </span>zawar\u0142a <span class=\"_ _54\"> </span>transakcj\u0119. <span class=\"_ _54\"> </span>Do <span class=\"_ _54\"> </span>wyceny <span class=\"_ _54\"> </span>rynkow<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>danych instrument\u00f3w <span class=\"_ _53\"></span>Jednostka <span class=\"_ _53\"></span>Dominuj\u0105ca <span class=\"_ _53\"></span>wykorzystuje <span class=\"_ _0\"></span>informacje <span class=\"_ _53\"></span>uzyskane <span class=\"_ _53\"></span>z <span class=\"_ _0\"></span>wiod\u0105cych <span class=\"_ _53\"></span>serwis\u00f3w <span class=\"_ _0\"></span>informac<span class=\"_ _3\"></span>yjnych, <span class=\"_ _53\"></span>bank\u00f3w oraz firm brokerski<span class=\"_ _3\"></span>ch.  <div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:876.3653px;\">Polityka <span class=\"_ _54\"> </span>Zarz\u0105dzania <span class=\"_ _54\"> </span>Ryzykiem <span class=\"_ _54\"> </span>Rynkowym <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>Grupie <span class=\"_ _54\"> </span>Kapita\u0142owej <span class=\"_ _54\"> </span>dopuszcz<span class=\"_ _3\"></span>a <span class=\"_ _54\"> </span>stosowanie <span class=\"_ _54\"> </span>nast\u0119puj\u0105cych <span class=\"_ _54\"> </span>rodzaj\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:862.1693px;\">instrument\u00f3w: </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:847.97327px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty swap,<span class=\"_ _3\"></span> </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:833.7773px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty forward,<span class=\"_ _3\"></span> futures, </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:819.5813px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kontrakty opcyjne,<span class=\"_ _3\"></span> </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:805.5413px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">struktury z\u0142o\u017cone z w<span class=\"_ _3\"></span>y\u017cej wymienionych instrum<span class=\"_ _3\"></span>ent\u00f3w. </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:783.5453px;\">Wykorzystywane  instrum<span class=\"_ _3\"></span>enty  mog\u0105  mie\u0107  zatem  zar\u00f3wno  charakter  standaryzowany  (instrum<span class=\"_ _3\"></span>enty  b\u0119d\u0105ce  w obrocie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:769.3493px;\">gie\u0142dowym), j<span class=\"_ _2\"></span>ak r\u00f3wnie\u017c <span class=\"_ _2\"></span>charakter niestandaryzowany (instrumenty <span class=\"_ _2\"></span>b\u0119d\u0105ce w <span class=\"_ _2\"></span>obrocie <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rynku pozagie\u0142dowym <span class=\"_ _2\"></span>tzw. <span class=\"ff3\">ov<span class=\"_ _2\"></span>er </span></div><div class=\"t m4 h8 ff3 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:755.1533px;\">the  counter<span class=\"ff2\">). <span class=\"_ _57\"> </span>Stosow<span class=\"_ _3\"></span>ane  s\u0105 <span class=\"_ _57\"> </span>przede  wszystkim  instrument<span class=\"_ _3\"></span>y <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>aj\u0105ce  przep\u0142ywy  pieni\u0119\u017cne  spe\u0142niaj\u0105ce  wymogi </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:740.95734px;\">skuteczno\u015bci  w <span class=\"_ _57\"> </span>rozumieniu <span class=\"_ _57\"> </span>rac<span class=\"_ _3\"></span>hunkowo\u015bci <span class=\"_ _57\"> </span>zabezpiecz<span class=\"_ _3\"></span>e\u0144. <span class=\"_ _57\"> </span>Skuteczno\u015b\u0107  zabezpieczaj\u0105cych  instrument\u00f3w <span class=\"_ _57\"> </span>finansowy<span class=\"_ _3\"></span>ch </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:726.91736px;\">stosowanych <span class=\"_ _0\"> </span>przez <span class=\"_ _1\"> </span>Jednostk\u0119 <span class=\"_ _0\"></span>Dominuj\u0105c\u0105 <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>okresie <span class=\"_ _0\"> </span>sprawozdawczym <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>bie\u017c\u0105co <span class=\"_ _0\"> </span>mo<span class=\"_ _2\"></span>nito<span class=\"_ _3\"></span>rowana <span class=\"_ _1\"> </span>i podlega <span class=\"_ _0\"></span>ci\u0105g\u0142ej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:712.7214px;\">ocenie (szczeg\u00f3\u0142y w N<span class=\"_ _3\"></span>ocie 7.2 Pochodne in<span class=\"_ _3\"></span>strumenty finansow<span class=\"_ _3\"></span>e - zasady rachu<span class=\"_ _3\"></span>nkowo\u015bci). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:690.72534px;\">Powi\u0105zanie <span class=\"_ _0\"></span>ekonomiczn<span class=\"_ _3\"></span>e <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>mi\u0119<span class=\"_ _3\"></span>dzy <span class=\"_ _0\"></span>instrumentem <span class=\"_ _0\"></span>zabezpieczaj\u0105cym <span class=\"_ _53\"></span>a <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zycj\u0105 <span class=\"_ _0\"></span>zabezpieczan\u0105 <span class=\"_ _53\"></span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"></span>oparte <span class=\"_ _0\"></span>o <span class=\"_ _0\"> </span>wra\u017cliwo\u015b\u0107 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:676.52936px;\">warto\u015bci <span class=\"_ _0\"> </span>po<span class=\"_ _2\"></span>zycji <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>te <span class=\"_ _1\"> </span>same <span class=\"_ _1\"> </span>czynniki <span class=\"_ _0\"></span>rynkowe <span class=\"_ _1\"> </span>(ceny <span class=\"_ _0\"> </span>metali, <span class=\"_ _1\"> </span>kursy <span class=\"_ _1\"> </span>walutowe <span class=\"_ _0\"> </span>lub <span class=\"_ _1\"> </span>stopy <span class=\"_ _1\"> </span>procentowe) <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>dopasowanie<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:662.3334px;\">odpowiednich <span class=\"_ _53\"></span>parametr\u00f3w <span class=\"_ _0\"></span>krytycznych <span class=\"_ _53\"></span>instrumentu <span class=\"_ _53\"></span>zabezpieczaj\u0105cego <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>zycji <span class=\"_ _53\"></span>zabezpieczanej <span class=\"_ _53\"></span>(wolumen/nomina\u0142, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:648.1374px;\">termin realizacji). <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:626.29736px;\">Wska\u017anik <span class=\"_ _54\"> </span>zabezpiecz<span class=\"_ _3\"></span>enia <span class=\"_ _54\"> </span>ustanowionego <span class=\"_ _54\"> </span>powi\u0105zania <span class=\"_ _5a\"> </span>zabezpieczaj\u0105cego <span class=\"_ _54\"> </span>ustalony <span class=\"_ _54\"> </span>jest <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>wysoko\u015bci <span class=\"_ _5a\"> </span>zapewniaj\u0105cej </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:612.1014px;\">efektywno\u015b\u0107 <span class=\"_ _69\"> </span>powi\u0105zania <span class=\"_ _69\"> </span>oraz <span class=\"_ _5d\"> </span>jest <span class=\"_ _69\"> </span>sp\u00f3jny <span class=\"_ _69\"> </span>z <span class=\"_ _5d\"> </span>rzeczywistym<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>wolumen<span class=\"_ _3\"></span>em <span class=\"_ _5d\"> </span>zabezpi<span class=\"_ _3\"></span>eczanej <span class=\"_ _69\"> </span>pozycji <span class=\"_ _5d\"> </span>i <span class=\"_ _69\"> </span>instrumentu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:597.9054px;\">zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go. \u0179r\u00f3d\u0142a <span class=\"_ _2\"></span>potencjalnej niee<span class=\"_ _3\"></span>fektywno\u015bci powi\u0105zania wynikaj\u0105 z niedopasowaniu p<span class=\"_ _3\"></span>arametr\u00f3w instrumentu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:583.8654px;\">zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>pozycji <span class=\"_ _1\"> </span>zabezpieczanej <span class=\"_ _1\"> </span>(np. <span class=\"_ _74\"> </span>nomina\u0142, <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ermin, <span class=\"_ _1\"> </span>instrument <span class=\"_ _1\"> </span>bazowy, <span class=\"_ _1\"> </span>wp\u0142<span class=\"_ _2\"></span>yw <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>kredytowego). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:569.6694px;\">Przy <span class=\"_ _54\"> </span>strukturyzacji <span class=\"_ _54\"> </span>transakcji <span class=\"_ _54\"> </span>zabezpieczaj\u0105cej <span class=\"_ _54\"> </span>Jednostka <span class=\"_ _54\"> </span>Dominuj\u0105ca <span class=\"_ _54\"> </span>d\u0105\u017cy <span class=\"_ _54\"> </span>do <span class=\"_ _54\"> </span>maksymalnego <span class=\"_ _54\"> </span>dopasowania <span class=\"_ _54\"> </span>tych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:555.4734px;\">parametr\u00f3w, aby zminim<span class=\"_ _3\"></span>alizowa\u0107 \u017a<span class=\"_ _3\"></span>r\u00f3d\u0142a nieefektywno\u015bci.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:533.4774px;\">Jednostka Dominuj\u0105<span class=\"_ _3\"></span>ca kwantyfikuje wielk<span class=\"_ _3\"></span>o\u015b\u0107 ryzyka rynkoweg<span class=\"_ _3\"></span>o, na jakie jest nara\u017cona i stara<span class=\"_ _3\"></span> si\u0119 wyrazi\u0107 je sp\u00f3jn\u0105<span class=\"_ _3\"></span> i \u0142\u0105czn\u0105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:519.28143px;\">miar\u0105.  Sporz\u0105dzane  symulacje  (m.in.  analizy  scenariusz<span class=\"_ _3\"></span>owe,  analizy  stress-testingu  i backtesti<span class=\"_ _3\"></span>ngu)  oraz  kalkulowane </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:505.24146px;\">miary <span class=\"_ _74\"> </span>ryzyka  stanowi\u0105 <span class=\"_ _74\"> </span>wsparcie <span class=\"_ _74\"> </span>w  procesie <span class=\"_ _74\"> </span>zarz\u0105dzania <span class=\"_ _74\"> </span>ryzykiem  rynk<span class=\"_ _3\"></span>owym  w <span class=\"_ _74\"> </span>Grupie  Kap<span class=\"_ _3\"></span>ita\u0142owej. <span class=\"_ _74\"> </span>Wykorzystywane </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:491.0454px;\">miary <span class=\"_ _0\"></span>ryzyka <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>parte <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>g\u0142\u00f3wnie <span class=\"_ _0\"></span>na modelowaniu <span class=\"_ _0\"></span>matematyczno-stat<span class=\"_ _3\"></span>ystycznym <span class=\"_ _0\"></span>bazuj\u0105cym <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>historycznych <span class=\"_ _0\"></span>i bie\u017c\u0105cych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:476.84943px;\">danych rynkowych d<span class=\"_ _3\"></span>otycz\u0105cych cz<span class=\"_ _3\"></span>ynnik\u00f3w ryzyka oraz u<span class=\"_ _3\"></span>wzgl\u0119dniaj\u0105 ak<span class=\"_ _3\"></span>tualn\u0105 ekspozycj\u0119 na ryz<span class=\"_ _3\"></span>yko rynkowe.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:454.85345px;\">Jedn\u0105  z <span class=\"_ _74\"> </span>miar <span class=\"_ _58\"> </span>ryzyka <span class=\"_ _74\"> </span>wyko<span class=\"_ _2\"></span>rzystywan<span class=\"_ _3\"></span>ych  jako <span class=\"_ _74\"> </span>narz\u0119dzie  pom<span class=\"_ _3\"></span>ocnicze  w <span class=\"_ _74\"> </span>podejmowaniu  de<span class=\"_ _3\"></span>cyzji <span class=\"_ _74\"> </span>w  procesie  za<span class=\"_ _3\"></span>rz\u0105dzania </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:440.65747px;\">ryzykiem <span class=\"_ _2\"></span>rynkowym <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>Jednostce<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105cej <span class=\"_ _2\"></span>jest <span class=\"_ _2\"></span>miara <span class=\"_ _2\"></span>EaR <span class=\"_ _2\"></span>-<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Earnings <span class=\"_ _53\"></span>at <span class=\"_ _2\"></span>Risk <span class=\"_ _53\"></span>(zysk <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>nara\u017cony <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ryzyko). <span class=\"_ _2\"></span>Miara <span class=\"_ _2\"></span>ta </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:426.61743px;\">dla <span class=\"_ _1\"> </span>zadanego <span class=\"_ _1\"> </span>prawdopodobie\u0144stwa <span class=\"_ _0\"> </span>wskazuje <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span>ln\u0105 <span class=\"_ _1\"> </span>progow\u0105 <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _1\"> </span>zysku <span class=\"_ _1\"> </span>netto <span class=\"_ _1\"> </span>(np. <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>95% <span class=\"_ _1\"> </span>prawdopodobie\u0144stwem </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:412.42145px;\">zysk <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>w danym <span class=\"_ _53\"></span>roku <span class=\"_ _0\"></span>nie <span class=\"_ _53\"></span>b\u0119dzie <span class=\"_ _0\"></span>ni\u017cszy <span class=\"_ _0\"></span>ni\u017c\u2026). <span class=\"_ _53\"></span>Metodologia <span class=\"_ _0\"></span>EaR <span class=\"_ _53\"></span>umo\u017cliwia <span class=\"_ _0\"></span>kalkulacj\u0119 <span class=\"_ _0\"></span>zysku <span class=\"_ _53\"></span>netto <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>uwzgl\u0119dni<span class=\"_ _3\"></span>eniem </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:398.22546px;\">wp\u0142ywu <span class=\"_ _74\"> </span>zmian  r<span class=\"_ _3\"></span>ynkowych <span class=\"_ _74\"> </span>cen  miedzi, <span class=\"_ _1\"> </span>srebra  oraz<span class=\"_ _3\"></span>  k<span class=\"_ _3\"></span>ursu <span class=\"_ _74\"> </span>waluto<span class=\"_ _2\"></span>wego <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>ko<span class=\"_ _2\"></span>ntek\u015bcie <span class=\"_ _74\"> </span>plan\u00f3w <span class=\"_ _74\"> </span>bud\u017cetowych. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>G<span class=\"_ _2\"></span>rupy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:384.02948px;\">KGHM INTERNATIO<span class=\"_ _3\"></span>NAL LTD. oraz <span class=\"_ _3\"></span>JV Sierra Gorda S.C.M. ka<span class=\"_ _3\"></span>lkulowana jest miara EB<span class=\"_ _3\"></span>ITDA-at-Risk. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:362.18948px;\">W zwi\u0105zku z ryzykiem o<span class=\"_ _2\"></span>graniczenia produkcji (na przyk\u0142ad spowodowanym dzia\u0142aniem \u201esi\u0142y wy\u017cszej\u201d) lub niezrealizowania<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:347.9935px;\">zak\u0142adanej  wielko\u015bci  przychod\u00f3<span class=\"_ _3\"></span>w  walutowych,  jak  i  zakupami  metali  zawartych  we wsadach  obcych,  ustalono  limity<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:333.7975px;\">zaanga\u017cowania w <span class=\"_ _3\"></span>instrumenty pochodn<span class=\"_ _3\"></span>e. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:311.8015px;\">Dla Jednostki Domin<span class=\"_ _3\"></span>uj\u0105cej limity na r<span class=\"_ _3\"></span>ynku metali i walutowym z<span class=\"_ _3\"></span>osta\u0142y ustalone:<span class=\"_ _3\"></span> </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:289.8055px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">w <span class=\"_ _59\"> </span>wysoko\u015bci <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>85% <span class=\"_ _59\"> </span>wielko\u015bci <span class=\"_ _59\"> </span>planowanych <span class=\"_ _59\"> </span>miesi\u0119cznych <span class=\"_ _59\"> </span>wolum<span class=\"_ _3\"></span>en\u00f3w <span class=\"_ _59\"> </span>sprzeda\u017cy <span class=\"_ _59\"> </span>miedzi, <span class=\"_ _59\"> </span>srebra <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>z\u0142ota </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:275.76553px;\">z wsad\u00f3w <span class=\"_ _5a\"> </span>w\u0142asnych. <span class=\"_ _5a\"> </span>Przy <span class=\"_ _5a\"> </span>cz<span class=\"_ _3\"></span>ym <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>przypadku <span class=\"_ _5a\"> </span>miedzi <span class=\"_ _5a\"> </span>i <span class=\"_ _5a\"> </span>srebra <span class=\"_ _59\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>50% <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>odniesieniu <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>instrument\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:261.56952px;\">stanowi\u0105cych <span class=\"_ _53\"></span>obowi\u0105zki <span class=\"_ _0\"></span>Jednost<span class=\"_ _3\"></span>ki <span class=\"_ _0\"></span>Dominuj\u0105c<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>(finansuj\u0105ce <span class=\"_ _53\"></span>strategie <span class=\"_ _0\"></span>zab<span class=\"_ _3\"></span>ezpieczaj\u0105ce) <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>85% <span class=\"_ _53\"></span>w odniesieniu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:247.37354px;\">do instrument\u00f3w s<span class=\"_ _3\"></span>tanowi\u0105cych prawa<span class=\"_ _3\"></span> Jednostki Dominuj\u0105cej<span class=\"_ _3\"></span>. </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:225.37753px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">w <span class=\"_ _74\"> </span>wyso<span class=\"_ _2\"></span>ko\u015bci <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>  85<span class=\"_ _3\"></span>%  wielko\u015bci<span class=\"_ _3\"></span>  planowanych <span class=\"_ _74\"> </span>miesi\u0119cznych  pr<span class=\"_ _3\"></span>zychod\u00f3w  ze <span class=\"_ _74\"> </span>sprzeda\u017cy  produk<span class=\"_ _3\"></span>t\u00f3w  z <span class=\"_ _74\"> </span>wsad\u00f3w </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:211.18155px;\">w\u0142asnych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>USD <span class=\"_ _74\"> </span>lub <span class=\"_ _1\"> </span>wielko\u015bci <span class=\"_ _1\"> </span>zakontraktowanych <span class=\"_ _1\"> </span>miesi\u0119cznych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>walutowych <span class=\"_ _1\"> </span>netto <span class=\"_ _1\"> </span>w przypadku<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:197.14154px;\">innych <span class=\"_ _74\"> </span>walut. <span class=\"_ _58\"> </span>Dla <span class=\"_ _74\"> </span>cel\u00f3w  oblicza<span class=\"_ _3\"></span>nia <span class=\"_ _74\"> </span>limitu  wydatki <span class=\"_ _1\"> </span>z  tytu\u0142u <span class=\"_ _1\"> </span>obs\u0142ugi  z<span class=\"_ _3\"></span>ad\u0142u\u017cenia <span class=\"_ _74\"> </span>w  USD <span class=\"_ _74\"> </span>pomniejszaj\u0105 <span class=\"_ _1\"> </span>nomina\u0142 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:182.94556px;\">ekspozycji do zabezpi<span class=\"_ _3\"></span>eczenia. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:160.94955px;\">Odno\u015bnie <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>st\u00f3p <span class=\"_ _2\"></span>procentowych <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>ustali\u0142a <span class=\"_ _2\"></span>limit <span class=\"_ _53\"></span>zaanga\u017c<span class=\"_ _3\"></span>owania <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>instrumenty <span class=\"_ _53\"></span>pochodn<span class=\"_ _3\"></span>e </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:146.75357px;\">do 100% warto\u015bci <span class=\"_ _3\"></span>nominalnej zad\u0142u\u017cenia <span class=\"_ _3\"></span>w ka\u017cdym okresi<span class=\"_ _3\"></span>e odsetkowym, wynikaj\u0105<span class=\"_ _3\"></span>cego z podpisa<span class=\"_ _3\"></span>nych um\u00f3w. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:124.75757px;\">Dla <span class=\"_ _2\"></span>wybranych <span class=\"_ _2\"></span>sp\u00f3\u0142ek wy<span class=\"_ _2\"></span>dobywczych Grupy <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _2\"></span>limity <span class=\"_ _2\"></span>zaanga\u017cowania w <span class=\"_ _2\"></span>inst<span class=\"_ _2\"></span>rumenty pochodne <span class=\"_ _2\"></span>na rynku miedzi </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:110.71759px;\">oraz <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>walutowym <span class=\"_ _53\"></span>ustalon<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>poziomach <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>Jednostce <span class=\"_ _2\"></span>Dominuj\u0105cej, <span class=\"_ _53\"></span>natomiast <span class=\"_ _2\"></span>dla transakcji <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _2\"></span>niklu, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:96.52159px;\">srebra i z\u0142ota limit wyn<span class=\"_ _3\"></span>osi do 60% planowany<span class=\"_ _3\"></span>ch miesi\u0119cznych w<span class=\"_ _3\"></span>olumen\u00f3w sprz<span class=\"_ _3\"></span>eda\u017cy ze wsad\u00f3w <span class=\"_ _3\"></span>w\u0142asnych.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:74.525604px;\">Limity odnosz\u0105 si\u0119 za<span class=\"_ _3\"></span>r\u00f3wno do tra<span class=\"_ _3\"></span>nsakcji zabezpieczaj\u0105cych<span class=\"_ _3\"></span>, jak i do instrument\u00f3w f<span class=\"_ _3\"></span>inansuj\u0105cych tak<span class=\"_ _3\"></span>ie transakcje. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:52.529602px;\">Maksymalny <span class=\"_ _53\"></span>horyzont <span class=\"_ _53\"></span>czasowy, <span class=\"_ _53\"></span>w obr\u0119bie <span class=\"_ _53\"></span>kt\u00f3rego <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>Kapita\u0142owa <span class=\"_ _53\"></span>podejmuje <span class=\"_ _53\"></span>decyzje <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zakresie <span class=\"_ _0\"></span>ograniczania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>ryzyka </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:38.48961px;\">rynkowego, je<span class=\"_ _2\"></span>st zgo<span class=\"_ _2\"></span>dny z procesem <span class=\"_ _2\"></span>planowania <span class=\"_ _2\"></span>techniczn<span class=\"_ _3\"></span>o-ekonomicznego i <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>nosi 5 lat, <span class=\"_ _2\"></span>natomiast <span class=\"_ _2\"></span>w przypadku ryzyka </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:24.293625px;\">stopy procentowej <span class=\"_ _3\"></span>obejmuje okres d\u0142u<span class=\"_ _3\"></span>goterminowych zo<span class=\"_ _3\"></span>bowi\u0105za\u0144 finansowych Grup<span class=\"_ _3\"></span>y. </div>Nota 7.5.1.2 Ryzy<span class=\"_ _3\"></span>ko zmian cen met<span class=\"_ _3\"></span>ali Jednostka Dominuj\u0105ca na<span class=\"_ _3\"></span>ra\u017cona jest na ryzyko zmian cen spr<span class=\"_ _3\"></span>zedawanych metali: miedzi, sr<span class=\"_ _3\"></span>ebra, z\u0142ota i o\u0142owiu. Natomiast Grupa  KGHM <span class=\"_ _57\"> </span>INTERNATIONAL  LTD. <span class=\"_ _57\"> </span>jest  nara\u017cona <span class=\"_ _57\"> </span>na  ryzyko <span class=\"_ _57\"> </span>fluktuacji  cen <span class=\"_ _57\"> </span>miedzi,  z\u0142ota, <span class=\"_ _57\"> </span>niklu,  molibdenu, <span class=\"_ _57\"> </span>platyny i palladu. W Jednostce Dominuj\u0105cej oraz Grupie KGHM INTERNAT<span class=\"_ _3\"></span>IONAL LTD. formu\u0142y ustalania cen zawarte w kontraktach fizycznej<span class=\"_ _3\"></span> sprzeda\u017cy <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>parte <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>\u0142\u00f3wnie <span class=\"_ _1\"> </span>na \u015brednich <span class=\"_ _74\"> </span>miesi\u0119cznych <span class=\"_ _1\"> </span>notowaniach <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>Londy\u0144skiej <span class=\"_ _74\"> </span>Gie\u0142dy <span class=\"_ _1\"> </span>M<span class=\"_ _2\"></span>etali <span class=\"_ _1\"> </span>w przypadku <span class=\"_ _74\"> </span>miedzi i innych <span class=\"_ _1\"> </span>metali <span class=\"_ _0\"></span>podstawowych <span class=\"_ _0\"> </span>oraz <span class=\"_ _1\"> </span>z Londy\u0144skiego <span class=\"_ _1\"> </span>Rynku <span class=\"_ _0\"></span>Kruszc\u00f3w <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>dniesieniu <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>metali <span class=\"_ _1\"> </span>szlachetnych<span class=\"_ _3\"></span>. <span class=\"_ _1\"> </span>W <span class=\"_ _1\"> </span>ramach polityki <span class=\"_ _57\"> </span>handlowej, <span class=\"_ _57\"> </span>Jednostka <span class=\"_ _57\"> </span>Dominuj\u0105ca <span class=\"_ _57\"> </span>oraz <span class=\"_ _57\"> </span>KGHM <span class=\"_ _57\"> </span>INTERNATIONAL <span class=\"_ _57\"> </span>LTD. <span class=\"_ _57\"> </span>ustalaj\u0105 <span class=\"_ _57\"> </span>baz\u0119 <span class=\"_ _57\"> </span>ce<span class=\"_ _2\"></span>now\u0105 <span class=\"_ _57\"> </span>dla <span class=\"_ _57\"> </span>kontrakt\u00f3w fizycznych jako \u015bre<span class=\"_ _3\"></span>dni\u0105 cen z odpowiedni<span class=\"_ _3\"></span>ego miesi\u0105ca w prz<span class=\"_ _3\"></span>ysz\u0142o\u015bci. Trwa\u0142e <span class=\"_ _59\"> </span>i <span class=\"_ _59\"> </span>bezpo\u015brednie <span class=\"_ _59\"> </span>powi\u0105z<span class=\"_ _3\"></span>anie <span class=\"_ _59\"> </span>strumienia <span class=\"_ _59\"> </span>wp\u0142yw\u00f3w <span class=\"_ _59\"> </span>ze <span class=\"_ _59\"> </span>sprz<span class=\"_ _3\"></span>eda\u017cy <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>cenami <span class=\"_ _59\"> </span>metali, <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>jednoczesnym <span class=\"_ _59\"> </span>braku analogicznej <span class=\"_ _53\"></span>relacji <span class=\"_ _2\"></span>po <span class=\"_ _53\"></span>stronie <span class=\"_ _53\"></span>wydatk\u00f3w, <span class=\"_ _53\"></span>prowadzi <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>powstania <span class=\"_ _53\"></span>ekspozycji <span class=\"_ _53\"></span>strategicznej. <span class=\"_ _2\"></span>Z <span class=\"_ _53\"></span>kolei <span class=\"_ _53\"></span>ekspozycja <span class=\"_ _2\"></span>operacyjna wynika <span class=\"_ _59\"> </span>z mo\u017cliwych <span class=\"_ _5a\"> </span>niedopaso<span class=\"_ _3\"></span>wa\u0144 <span class=\"_ _59\"> </span>warunk\u00f3w <span class=\"_ _5a\"> </span>cenowych <span class=\"_ _59\"> </span>ko<span class=\"_ _2\"></span>ntrakt\u00f3w <span class=\"_ _59\"> </span>fizycznych <span class=\"_ _59\"> </span>wzgl\u0119dem <span class=\"_ _59\"> </span>pro<span class=\"_ _2\"></span>filu <span class=\"_ _59\"> </span>funkcjonuj\u0105ceg<span class=\"_ _3\"></span>o w Grupie, w szczeg<span class=\"_ _3\"></span>\u00f3lno\u015bci w zakresi<span class=\"_ _3\"></span>e referencyjnych cen i <span class=\"_ _3\"></span>okres\u00f3w kwotowania. <span class=\"_ _3\"></span> Na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>metali <span class=\"_ _53\"></span>Grupa <span class=\"_ _53\"></span>posiada <span class=\"_ _53\"></span>tzw. <span class=\"_ _0\"></span>pozycj\u0119 <span class=\"_ _53\"></span>d\u0142ug\u0105, <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>znaczy <span class=\"_ _53\"></span>nadwy\u017ck\u0119 <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _53\"></span>nad <span class=\"_ _53\"></span>zakupami. <span class=\"_ _2\"></span>Analizuj\u0105c <span class=\"_ _53\"></span>ekspo<span class=\"_ _2\"></span>zycj\u0119<span class=\"_ _3\"></span> strategiczn\u0105 <span class=\"_ _1\"> </span>Grupy <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>rynkowe, <span class=\"_ _1\"> </span>nale\u017cy <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>mniejszy\u0107 <span class=\"_ _1\"> </span>wolum<span class=\"_ _3\"></span>en <span class=\"_ _1\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>metali <span class=\"_ _74\"> </span>o <span class=\"_ _1\"> </span>ilo\u015b\u0107 <span class=\"_ _1\"> </span>zakupionych <span class=\"_ _1\"> </span>metali <span class=\"_ _1\"> </span>we wsadach obcych. W tabeli poni\u017cej zaprezentowano ekspozy<span class=\"_ _3\"></span>cj\u0119 strategiczn\u0105 Grupy Kapita\u0142owej na ryzyko zmian cen miedzi i srebra w <span class=\"_ _2\"></span>latach 2021-2022. od 01.01.2022<span class=\"_ _3\"></span> do 31.12.2022 od 01.01.2021<span class=\"_ _3\"></span> do 31.12.2021  <span class=\"_ _e8\"> </span><span class=\"ff1 fc2\">Netto<span class=\"_ _192\"> </span></span>Sprzeda\u017c<span class=\"_ _192\"> </span>Zakup<span class=\"_ _192\"> </span>Netto<span class=\"_ _192\"> </span>Sprzeda\u017c<span class=\"_ _192\"> </span>Zakup<span class=\"_ _192\"> </span>Mied\u017a [t] <span class=\"_ _7d\"> </span> 391 180<span class=\"_ _192\"> </span>619 944<span class=\"_ _192\"> </span>228 764 <span class=\"_ _113\"> </span>432 910<span class=\"_ _192\"> </span>628 011<span class=\"_ _192\"> </span>195 101<span class=\"_ _192\"> </span>Srebro [t] <span class=\"_ _b1\"> </span> 1 322<span class=\"_ _192\"> </span>1 347<span class=\"_ _192\"> </span>25 <span class=\"_ _130\"> </span>1 222 1 251<span class=\"_ _192\"> </span>29<span class=\"_ _192\"> </span>Nomina\u0142 strategii zabezpieczaj\u0105cych cen\u0119 miedzi rozliczonych w 2022 r. st<span class=\"_ _2\"></span>anowi\u0142 oko\u0142o 25% (w 2021 r.<span class=\"_ _2\"></span> 44%) zrealizowanej przez Jednostk\u0119 D<span class=\"_ _3\"></span>ominuj\u0105c\u0105 ca\u0142kowitej sprze<span class=\"_ _3\"></span>da\u017cy tego metalu (st<span class=\"_ _3\"></span>anowi\u0142o to oko\u0142o 42<span class=\"_ _3\"></span>% sprzeda\u017cy netto<span class=\"_ _192\"> </span>1 w 2022<span class=\"_ _3\"></span> r. i 67% w 2021 r.).  Nomina\u0142 strategii zabezpi<span class=\"_ _3\"></span>eczaj\u0105cych cen\u0119 srebra rozliczonych<span class=\"_ _3\"></span> w 2022 r. stanowi\u0142 oko\u0142o 24% zrealizowane<span class=\"_ _3\"></span>j przez Jednostk\u0119 Dominuj\u0105c\u0105 ca\u0142k<span class=\"_ _3\"></span>owitej sprzeda\u017cy tego m<span class=\"_ _3\"></span>etalu (25% w 2021 <span class=\"_ _3\"></span>r.). W  ramach <span class=\"_ _57\"> </span>realizacji  strategicznego  planu  zabezpiecze\u0144  Jednostki  Do<span class=\"_ _2\"></span>minuj\u0105cej  przed  ryzykiem  rynkowym  w <span class=\"_ _57\"> </span>2022 r. wdro\u017cono strategie za<span class=\"_ _3\"></span>bezpieczaj\u0105ce planowan<span class=\"_ _3\"></span>e przychody ze sprzeda\u017cy m<span class=\"_ _3\"></span>iedzi. Zawarto strategie opcyjne <span class=\"ff3\">m<span class=\"_ _3\"></span>ewa<span class=\"ff2\"> na okres </span></span>od <span class=\"_ _1\"> </span>stycznia <span class=\"_ _74\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>do <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2023 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>\u0142\u0105cznego <span class=\"_ _1\"> </span>tona\u017cu <span class=\"_ _74\"> </span>90 <span class=\"_ _1\"> </span>tys. <span class=\"_ _1\"> </span>ton. <span class=\"_ _74\"> </span>Ponadto <span class=\"_ _1\"> </span>zrestrukturyzowana <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _1\"> </span>pozycja zabezpieczaj\u0105c\u0105 <span class=\"_ _74\"> </span>na  rynku <span class=\"_ _74\"> </span>miedzi <span class=\"_ _74\"> </span>na  ten <span class=\"_ _74\"> </span>sam  okr<span class=\"_ _3\"></span>es  dla <span class=\"_ _74\"> </span>\u0142\u0105cznego <span class=\"_ _74\"> </span>tona\u017cu  12<span class=\"_ _3\"></span>  tys. <span class=\"_ _74\"> </span>ton,  p<span class=\"_ _3\"></span>oprzez <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>dniesieni<span class=\"_ _3\"></span>e  poziomu<span class=\"_ _3\"></span> wykonania <span class=\"_ _2\"></span>g\u00f3rnych i <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>lnych wystawionych <span class=\"_ _2\"></span>opcji <span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>struktur <span class=\"_ _2\"></span><span class=\"ff3\">mewa</span> <span class=\"_ _2\"></span>zawartych w <span class=\"_ _2\"></span>2020 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>W <span class=\"_ _53\"></span>2022 r. <span class=\"_ _2\"></span>J<span class=\"_ _2\"></span>ednostka <span class=\"_ _2\"></span>Dominuj\u0105ca<span class=\"_ _3\"></span> nie wdro\u017cy\u0142a stra<span class=\"_ _3\"></span>tegii zabezpiecza<span class=\"_ _3\"></span>j\u0105cych na rynku srebra.<span class=\"_ _3\"></span> W ramach <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _53\"></span>pozycj\u0105 <span class=\"_ _53\"></span>handlow\u0105 <span class=\"_ _53\"></span>netto<span class=\"_ _192\"> </span>2 <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>zawarto <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>zw. <span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>stos<span class=\"_ _3\"></span>owawcze <span class=\"_ _53\"></span>transakcje <span class=\"_ _53\"></span>pochodne <span class=\"_ _53\"></span>typu <span class=\"_ _53\"></span><span class=\"ff3\">swap</span> na rynku miedzi <span class=\"_ _3\"></span>oraz z\u0142ota z termin<span class=\"_ _3\"></span>ami zapadalno\u015bci do czerwca<span class=\"_ _3\"></span> 2023 <span class=\"_ _3\"></span>r.<span class=\"fcb\"> </span>W  ef<span class=\"_ _3\"></span>ekcie,  we<span class=\"_ _3\"></span>d\u0142ug  stan<span class=\"_ _3\"></span>u  na <span class=\"_ _74\"> </span>31  grudnia<span class=\"_ _3\"></span>  2022<span class=\"_ _3\"></span>  r. <span class=\"_ _74\"> </span>Jednostka  D<span class=\"_ _3\"></span>ominuj\u0105ca <span class=\"_ _74\"> </span>  posiada\u0142a <span class=\"_ _74\"> </span>otwarte <span class=\"_ _74\"> </span>pozycje  w <span class=\"_ _74\"> </span>instrumentach<span class=\"_ _3\"></span> pochodnych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>rynku <span class=\"_ _1\"> </span>miedzi <span class=\"_ _1\"> </span>dla 193,5 tys. <span class=\"_ _1\"> </span>ton <span class=\"_ _1\"> </span>(w <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ym: <span class=\"_ _1\"> </span>189 <span class=\"_ _1\"> </span>tys. <span class=\"_ _1\"> </span>ton <span class=\"_ _1\"> </span>wy<span class=\"_ _2\"></span>nika\u0142o <span class=\"_ _1\"> </span>ze <span class=\"_ _1\"> </span>strategicznego <span class=\"_ _1\"> </span>zarz\u0105dzan<span class=\"_ _3\"></span>ia <span class=\"_ _1\"> </span>ryzykie<span class=\"_ _2\"></span>m rynkowym, <span class=\"_ _2\"></span>natomiast <span class=\"_ _53\"></span>4,3 tys. ton <span class=\"_ _2\"></span>zawarte <span class=\"_ _53\"></span>zosta\u0142o <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _2\"></span>zarz\u0105dzania <span class=\"_ _53\"></span>pozycj\u0105 <span class=\"_ _53\"></span>handlow\u0105 <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span>to) <span class=\"_ _53\"></span>oraz <span class=\"_ _2\"></span>dla <span class=\"_ _53\"></span>4,2 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>uncji troja\u0144skich srebra.<span class=\"_ _3\"></span> Poni\u017csze <span class=\"_ _53\"></span>tabele <span class=\"_ _0\"></span>prezentuj\u0105 <span class=\"_ _53\"></span>skr\u00f3cone <span class=\"_ _53\"></span>zestawienie <span class=\"_ _53\"></span>otwartych <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>nsakcji <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>instrumentach <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>siadanych <span class=\"_ _53\"></span>przez Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>mie<span class=\"_ _2\"></span>dzi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>srebra <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"></span>zawartych <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>rama<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>strategiczn<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zarz\u0105dzania ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(zabezpieczony <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>prezentowanych <span class=\"_ _57\"> </span>okresach <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>roz\u0142o\u017cony <span class=\"_ _57\"> </span>r\u00f3wnomiernie <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>podziale miesi\u0119cznym).<span class=\"_ _3\"></span> 1 Sprzeda\u017c<span class=\"_ _2\"></span> miedzi pomni<span class=\"_ _2\"></span>ejszona o za<span class=\"_ _2\"></span>kupy miedzi we w<span class=\"_ _2\"></span>sadach obcych. 2 Stosowan<span class=\"_ _2\"></span>e w celu re<span class=\"_ _2\"></span>agowania na<span class=\"_ _2\"></span> zmiany ustale\u0144<span class=\"_ _2\"></span> kontraktowych klien<span class=\"_ _2\"></span>t\u00f3w, wyst\u0119puj<span class=\"_ _2\"></span>\u0105ce niestandard<span class=\"_ _2\"></span>owe warunki ce<span class=\"_ _2\"></span>nowe przy sp<span class=\"_ _2\"></span>rzeda\u017cy meta<span class=\"_ _2\"></span>li oraz zakup<span class=\"_ _2\"></span>y materia\u0142\u00f3w<span class=\"_ _2\"></span> miedziono\u015bn<span class=\"_ _2\"></span>ych.<span class=\"_ _192\"> </span><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:863.4019px;\">Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen mied<span class=\"_ _3\"></span>zi \u2013 instrumenty p<span class=\"_ _3\"></span>ochodne otwarte na 31 grudni<span class=\"_ _3\"></span>a 2022 r<span class=\"_ _3\"></span>. </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:842.9659px;\">\u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1108.7979px; bottom:842.9659px;\">\u015aredniowa\u017con<span class=\"_ _2\"></span>y </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1112.686px; bottom:828.6139px;\">poziom premii<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1187.5778px; bottom:842.9659px;\">Efektywny po<span class=\"_ _2\"></span>ziom </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1201.306px; bottom:828.6139px;\">zabezpieczenia<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:898.978px; bottom:827.9899px;\">sprzeda\u017c </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:870.5859px; bottom:813.79395px;\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:994.60583px; bottom:827.9899px;\">zakup </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:952.32996px; bottom:813.79395px;\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1049.5181px; bottom:827.9899px;\">sprzeda\u017c </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1036.4009px; bottom:813.79395px;\">opcji kupna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:722.3859px; bottom:798.81793px;\">Instrument/<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:695.86536px; bottom:784.62195px;\">struktura opcyjna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:808.1859px; bottom:784.62195px;\">Nomina\u0142<span class=\"_ _192\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:895.5459px; bottom:796.16595px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:887.27783px; bottom:783.9979px;\">zabezpieczenia<span class=\"ff2\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:969.63416px; bottom:796.16595px;\">zabezpieczenie<span class=\"_ _192\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:981.3462px; bottom:783.9979px;\">ceny miedzi<span class=\"ff1\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1045.6061px; bottom:796.16595px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1047.0101px; bottom:783.9979px;\">partycypacji<span class=\"ff1\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:821.2775px; bottom:769.64594px;\">[tony]</div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:855.9219px; bottom:769.64594px;\"> <span class=\"_ _52\"> </span>[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:990.0701px; bottom:769.64594px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1059.0338px; bottom:769.64594px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1146.2261px; bottom:769.64594px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1239.6818px; bottom:769.64594px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.514px; bottom:704.74994px;\">I p\u00f3\u0142. 2023 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:754.20197px;\">mewa <span class=\"_ _10b\"> </span>18 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:754.20197px;\">5 200<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:754.20197px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:754.20197px;\">8 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:754.20197px;\">(196)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:754.20197px;\">6 704<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:739.22595px;\">mewa <span class=\"_ _f7\"> </span>6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:739.22595px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:739.22595px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:739.22595px;\">10 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:739.22595px;\">(296)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:739.22595px;\">6 604<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:724.24994px;\">mewa <span class=\"_ _10b\"> </span>15 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:724.24994px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:724.24994px;\">9 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:724.24994px;\">11 400<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:724.24994px;\">(248)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:724.24994px;\">8 752<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:709.42993px;\">mewa <span class=\"_ _10b\"> </span>10 500<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:709.42993px;\">6 700<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:709.42993px;\">9 286<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:709.42993px;\">11 486<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:709.42993px;\">(227)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:709.42993px;\">9 059<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:694.454px;\">mewa <span class=\"_ _10b\"> </span>45 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:694.454px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:694.454px;\">8 120<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:694.454px;\">9 120<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:694.454px;\">(143)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:694.454px;\">7 977</div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.514px; bottom:626.594px;\"> II p\u00f3\u0142. 2023 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:679.634px;\">mewa <span class=\"_ _10b\"> </span>18 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:679.634px;\">5 200<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:679.634px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:679.634px;\">8 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:679.634px;\">(196)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:679.634px;\">6 704<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:664.034px;\">mewa <span class=\"_ _f7\"> </span>6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:664.034px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:664.034px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:664.034px;\">10 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:664.034px;\">(296)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:664.034px;\">6 604<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:648.58997px;\">mewa <span class=\"_ _10b\"> </span>15 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:648.58997px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:648.58997px;\">9 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:648.58997px;\">11 400<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:648.58997px;\">(248)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:648.58997px;\">8 752<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:632.99px;\">mewa <span class=\"_ _10b\"> </span>10 500<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:632.99px;\">6 700<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:632.99px;\">9 286<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:632.99px;\">11 486<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:632.99px;\">(227)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:632.99px;\">9 059<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:748.1259px; bottom:617.39px;\">mewa <span class=\"_ _10b\"> </span>45 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:916.4375px; bottom:617.39px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:617.39px;\">8 100<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:617.39px;\">9 600<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:617.39px;\">(172)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:617.39px;\">7 928<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:723.9459px; bottom:601.79px;\">SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _131\"> </span><span class=\"ff1\">189 000<span class=\"_ _192\"> </span></span></span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:572.93px;\">Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen srebr<span class=\"_ _3\"></span>a \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31<span class=\"_ _3\"></span> grudnia 2022 r<span class=\"_ _3\"></span>. </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:895.5459px; bottom:552.338px;\">\u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji </div><div class=\"c wf4 h16\" style=\"left:1116.8975px; bottom:549.6868px;\"><div class=\"t m5 x10 h5 y244 ff1 fs3 fc2 sc0 ls0 ws0\">\u015aredniowa\u017con<span class=\"_ _2\"></span>y </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1120.342px; bottom:538.142px;\">poziom premii<span class=\"_ _192\"> </span></div><div class=\"c wf6 h16\" style=\"left:1195.21px; bottom:549.6868px;\"><div class=\"t m5 x10 h5 y244 ff1 fs3 fc2 sc0 ls0 ws0\">Efektywny po<span class=\"_ _2\"></span>ziom </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1210.8218px; bottom:538.142px;\">zabezpieczenia<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:904.28186px; bottom:537.518px;\">sprzeda\u017c </div><div class=\"c wf7 h16\" style=\"left:873.7059px; bottom:520.51483px;\"><div class=\"t m5 x10 h5 y160a ff1 fs3 fc2 sc0 ls0 ws0\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy  </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:998.1821px; bottom:537.518px;\">zakup </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:957.16583px; bottom:523.166px;\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1051.2222px; bottom:537.518px;\">sprzeda\u017c </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1037.5059px; bottom:523.166px;\">opcji kupna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:730.65393px; bottom:508.34607px;\">Instrument/<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:704.74585px; bottom:494.15002px;\">struktura opcyjna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:803.3499px; bottom:496.64606px;\">Nomina\u0142<span class=\"ff2 fc0\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:898.978px; bottom:505.69403px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:891.8019px; bottom:493.52606px;\">zabezpieczenia<span class=\"ff2\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:974.31415px; bottom:505.69403px;\">zabezpieczenie<span class=\"_ _192\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:986.49384px; bottom:493.52606px;\">ceny srebra<span class=\"ff1\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1047.0101px; bottom:505.69403px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1048.426px; bottom:493.52606px;\">partycypacji<span class=\"ff1\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:800.2299px; bottom:478.86206px;\">[mln uncj<span class=\"_ _2\"></span>i]<span class=\"ff1\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:478.86206px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:975.41785px; bottom:478.86206px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1039.6775px; bottom:478.86206px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1131.7297px; bottom:478.86206px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1224.3938px; bottom:478.86206px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:679.17395px; bottom:450.00208px;\">2023<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:757.64197px; bottom:457.95807px;\">mewa <span class=\"_ _f5\"> </span>4,20 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:920.03766px; bottom:457.95807px;\">16,00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1003.3418px; bottom:457.95807px;\">26,00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1064.9495px; bottom:457.95807px;\">42,00 <span class=\"_ _65\"> </span> <span class=\"_ _132\"> </span>(1,19)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1251.3821px; bottom:457.95807px;\">24,81<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:735.95795px; bottom:434.71405px;\">SUMA 2023<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:827.218px; bottom:434.71405px;\">4,20 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:400.2381px;\">Poni\u017csze <span class=\"_ _53\"></span>tabele <span class=\"_ _0\"></span>prezentuj\u0105 <span class=\"_ _53\"></span>skr\u00f3cone <span class=\"_ _53\"></span>zestawienie <span class=\"_ _53\"></span>otwartych <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>nsakcji <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>instrumentach <span class=\"_ _53\"></span>pochodnych <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>siadanych <span class=\"_ _53\"></span>przez </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:386.0421px;\">Jednostk\u0119 <span class=\"_ _53\"></span>Dominuj\u0105c\u0105 <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>mie<span class=\"_ _2\"></span>dzi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>srebra <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 <span class=\"_ _53\"></span>r., <span class=\"_ _0\"></span>zawartych <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>rama<span class=\"_ _3\"></span>ch <span class=\"_ _0\"></span>strategiczn<span class=\"_ _3\"></span>ego <span class=\"_ _53\"></span>zarz\u0105dzania </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:372.00208px;\">ryzykiem <span class=\"_ _57\"> </span>rynkowym <span class=\"_ _57\"> </span>(zabezpieczony <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>prezentowanych <span class=\"_ _57\"> </span>okresach <span class=\"_ _57\"> </span>jest <span class=\"_ _57\"> </span>roz\u0142o\u017cony <span class=\"_ _57\"> </span>r\u00f3wnomiernie <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>podziale </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:357.8061px;\">miesi\u0119cznym).<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:335.81012px;\">Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen mied<span class=\"_ _3\"></span>zi \u2013 instrumenty p<span class=\"_ _3\"></span>ochodne otwarte na 31 grudni<span class=\"_ _3\"></span>a 2021 r<span class=\"_ _3\"></span>. </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:882.754px; bottom:315.2181px;\">\u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1108.7979px; bottom:315.2181px;\">\u015aredniowa\u017con<span class=\"_ _2\"></span>y </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1112.686px; bottom:301.02213px;\">poziom premii<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1187.5778px; bottom:315.2181px;\">Efektywny po<span class=\"_ _2\"></span>ziom </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1201.306px; bottom:301.02213px;\">zabezpieczenia<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:876.982px; bottom:300.39813px;\">sprzeda\u017c </div><div class=\"c wf7 h16\" style=\"left:847.4862px; bottom:283.39484px;\"><div class=\"t m5 x10 h5 y297 ff1 fs3 fc2 sc0 ls0 ws0\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy  </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:981.3462px; bottom:300.39813px;\">zakup </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:938.1222px; bottom:286.04614px;\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1049.5181px; bottom:300.39813px;\">sprzeda\u017c </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1036.4009px; bottom:286.04614px;\">opcji kupna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:711.934px; bottom:271.22614px;\">Instrument/<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:686.194px; bottom:256.87415px;\">struktura opcyjna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:788.374px; bottom:256.87415px;\">Nomina\u0142<span class=\"_ _192\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:873.7059px; bottom:268.57413px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:866.0619px; bottom:256.25015px;\">zabezpieczenia<span class=\"ff2\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:957.16583px; bottom:268.57413px;\">zabezpieczenie<span class=\"_ _192\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:967.9182px; bottom:256.25015px;\">ceny miedzi<span class=\"ff1\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1045.6061px; bottom:268.57413px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1047.0101px; bottom:256.25015px;\">partycypacji<span class=\"ff1\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:801.3219px; bottom:242.05414px;\">[tony]</div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:836.578px; bottom:242.05414px;\"> <span class=\"_ _f7\"> </span>[USD<span class=\"_ _2\"></span>/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:976.9661px; bottom:242.05414px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1059.0338px; bottom:242.05414px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1146.2261px; bottom:242.05414px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1239.6818px; bottom:242.05414px;\">[USD/t]<span class=\"_ _192\"> </span></div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.514px; bottom:203.05417px;\">I p\u00f3\u0142.<span class=\"ff1 fc2\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:226.45416px;\">mewa <span class=\"_ _110\"> </span>30 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:226.45416px;\">4 600<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:226.45416px;\">6 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:226.45416px;\">7 500<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:226.45416px;\">(160)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:226.45416px;\">6 140<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:210.85416px;\">mewa <span class=\"_ _110\"> </span>24 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:210.85416px;\">5 200<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:210.85416px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:210.85416px;\">8 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:210.85416px;\">(196)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:210.85416px;\">6 704<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:195.41016px;\">mewa <span class=\"_ _110\"> </span>10 5<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:195.41016px;\">6 700<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:195.41016px;\">9 286<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:195.41016px;\">11 486<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:195.41016px;\">(227)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:195.41016px;\">9 059<span class=\"_ _192\"> </span></div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.514px; bottom:147.98618px;\">II p\u00f3\u0142. </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:180.43417px;\">mewa <span class=\"_ _110\"> </span>30 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:180.43417px;\">4 600<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:180.43417px;\">6 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:180.43417px;\">7 500<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:180.43417px;\">(160)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:180.43417px;\">6 140<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:164.83417px;\">mewa <span class=\"_ _110\"> </span>24 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:164.83417px;\">5 200<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:164.83417px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:164.83417px;\">8 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:164.83417px;\">(196)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:164.83417px;\">6 704<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:149.39017px;\">mewa <span class=\"_ _110\"> </span>15 0<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:149.39017px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:149.39017px;\">9 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:149.39017px;\">11 400<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:149.39017px;\">(248)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:149.39017px;\">8 752<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:133.79019px;\">mewa <span class=\"_ _110\"> </span>10 5<span class=\"_ _2\"></span>00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:133.79019px;\">6 700<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:133.79019px;\">9 286<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:133.79019px;\">11 486<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:133.79019px;\">(227)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:133.79019px;\">9 059<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:717.6942px; bottom:115.3822px;\">SUMA 2022<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:794.6139px; bottom:115.3822px;\">144 000<span class=\"_ _192\"> </span></div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.514px; bottom:73.73021px;\">I p\u00f3\u0142. </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:97.1302px;\">mewa <span class=\"_ _10d\"> </span>24 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:97.1302px;\">5 200<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:97.1302px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:97.1302px;\">8 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:97.1302px;\">(196)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:97.1302px;\">6 704<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:81.53021px;\">mewa <span class=\"_ _10d\"> </span>15 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:81.53021px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:81.53021px;\">9 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:81.53021px;\">11 400<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:81.53021px;\">(248)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:81.53021px;\">8 752<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:65.93022px;\">mewa <span class=\"_ _10d\"> </span>10 500<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:65.93022px;\">6 700<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:65.93022px;\">9 286<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:65.93022px;\">11 486<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:65.93022px;\">(227)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:65.93022px;\">9 059<span class=\"_ _192\"> </span></div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.514px; bottom:26.462234px;\">II p\u00f3\u0142. </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:51.11023px;\">mewa <span class=\"_ _10d\"> </span>24 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:51.11023px;\">5 200<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:51.11023px;\">6 900<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1066.5103px; bottom:51.11023px;\">8 300<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:51.11023px;\">(196)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:51.11023px;\">6 704<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:35.510223px;\">mewa <span class=\"_ _10d\"> </span>15 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:35.510223px;\">6 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:35.510223px;\">9 000<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:35.510223px;\">11 400<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:35.510223px;\">(248)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:35.510223px;\">8 752<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:738.2855px; bottom:19.910233px;\">mewa <span class=\"_ _10d\"> </span>10 500<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:893.82996px; bottom:19.910233px;\">6 700<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:984.93384px; bottom:19.910233px;\">9 286<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1061.218px; bottom:19.910233px;\">11 486<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1156.6897px; bottom:19.910233px;\">(227)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:19.910233px;\">9 059<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:715.054px; bottom:1.9702454px;\">SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _10d\"> </span><span class=\"ff1\">99 000<span class=\"_ _192\"> </span></span></span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:343.4724px;\">Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian cen srebr<span class=\"_ _3\"></span>a \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31<span class=\"_ _3\"></span> grudnia 2021 r<span class=\"_ _3\"></span>. </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:880.5699px; bottom:326.9364px;\">\u015aredniowa\u017con<span class=\"_ _2\"></span>a cena wyko<span class=\"_ _2\"></span>nania op<span class=\"_ _2\"></span>cji </div><div class=\"c wf9 h16\" style=\"left:1102.8582px; bottom:324.28534px;\"><div class=\"t m5 x10 h5 y1f2 ff1 fs3 fc2 sc0 ls0 ws0\">\u015aredniowa\u017con<span class=\"_ _2\"></span>y </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1107.0818px; bottom:312.5844px;\">poziom premii<span class=\"_ _192\"> </span></div><div class=\"c wf6 h16\" style=\"left:1180.558px; bottom:324.28534px;\"><div class=\"t m5 x10 h5 y1f2 ff1 fs3 fc2 sc0 ls0 ws0\">Efektywny po<span class=\"_ _2\"></span>ziom </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1195.21px; bottom:312.5844px;\">zabezpieczenia<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:882.754px; bottom:308.06042px;\">sprzeda\u017c </div><div class=\"c wf7 h16\" style=\"left:854.0499px; bottom:291.0573px;\"><div class=\"t m5 x10 h5 y1fd ff1 fs3 fc2 sc0 ls0 ws0\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy  </div></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:976.9661px; bottom:308.06042px;\">zakup </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:935.16986px; bottom:293.70844px;\">opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1047.0101px; bottom:308.06042px;\">sprzeda\u017c </div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1034.0739px; bottom:293.70844px;\">opcji kupna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:711.934px; bottom:278.88843px;\">Instrument/<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:684.634px; bottom:264.53644px;\">struktura opcyjna<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:781.51px; bottom:267.18842px;\">Nomina\u0142<span class=\"ff2 fc0\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:878.698px; bottom:276.23645px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:870.5859px; bottom:263.9124px;\">zabezpieczenia<span class=\"ff2\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:952.32996px; bottom:276.23645px;\">zabezpieczenie<span class=\"_ _192\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:964.9535px; bottom:263.9124px;\">ceny srebra<span class=\"ff1\"> </span></div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1043.9019px; bottom:276.23645px;\">ograniczenie </div><div class=\"t m3 h6 ff3 fs4 fc2 sc0 ls0 ws0\" style=\"left:1045.6061px; bottom:263.9124px;\">partycypacji<span class=\"ff1\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:778.7019px; bottom:246.59644px;\">[mln uncj<span class=\"_ _2\"></span>i]<span class=\"ff1\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:871.67786px; bottom:246.59644px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:954.046px; bottom:246.59644px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1035.3218px; bottom:246.59644px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1118.3137px; bottom:246.59644px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:1209.25px; bottom:246.59644px;\">[USD/uncj\u0119<span class=\"_ _2\"></span>]<span class=\"_ _192\"> </span></div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:679.17395px; bottom:208.06445px;\">2022 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:737.0493px; bottom:225.84845px;\">mewa <span class=\"_ _134\"> </span>3,60 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.978px; bottom:225.84845px;\">16,00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:981.3462px; bottom:225.84845px;\">26,00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1062.934px; bottom:225.84845px;\">42,00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1144.8337px; bottom:225.84845px;\">(0,88)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1237.4978px; bottom:225.84845px;\">25,12<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:728.7819px; bottom:205.8805px;\">korytarz <span class=\"_ _134\"> </span>6,60 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:918.63385px; bottom:205.8805px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:981.3462px; bottom:205.8805px;\">26,36<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1057.6298px; bottom:205.8805px;\">55,00*<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1144.8337px; bottom:205.8805px;\">(1,96)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1237.4978px; bottom:205.8805px;\">24,40<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:716.3019px; bottom:181.7005px;\">SUMA 2022<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:798.826px; bottom:181.7005px;\">10,20 </div><div class=\"t m20 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:679.17395px; bottom:142.5445px;\">2023 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:737.0493px; bottom:150.34448px;\">mewa <span class=\"_ _134\"> </span>4,20 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.978px; bottom:150.34448px;\">16,00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:981.3462px; bottom:150.34448px;\">26,00<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1059.0338px; bottom:150.34448px;\">42,00 <span class=\"_ _65\"> </span> <span class=\"_ _76\"> </span>(1,19)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1237.4978px; bottom:150.34448px;\">24,81<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:716.3019px; bottom:119.14447px;\">SUMA 2023<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:803.3499px; bottom:119.14447px;\">4,20 </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:94.0285px;\">* W ramach restru<span class=\"_ _2\"></span>kturyzacji p<span class=\"_ _2\"></span>odnies<span class=\"_ _2\"></span>iony zosta\u0142<span class=\"_ _2\"></span> poziom wykonan<span class=\"_ _2\"></span>ia sprzedan<span class=\"_ _2\"></span>ych opcji kupn<span class=\"_ _2\"></span>a z 42 i 43 USD/uncj\u0119<span class=\"_ _2\"></span> do 55 USD/uncj\u0119<span class=\"_ _2\"></span>. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:48.632507px;\">W <span class=\"_ _74\"> </span>2022 <span class=\"_ _1\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>oraz <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>2021 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>KGH<span class=\"_ _2\"></span>M <span class=\"_ _74\"> </span>INTERNATIONAL <span class=\"_ _74\"> </span>LTD. <span class=\"_ _74\"> </span>ani <span class=\"_ _74\"> </span>\u017cadna <span class=\"_ _1\"> </span>ze  sp\u00f3\u0142ek <span class=\"_ _1\"> </span>wydobywczych <span class=\"_ _74\"> </span>nie <span class=\"_ _1\"> </span>wdro<span class=\"_ _2\"></span>\u017cy\u0142y <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>ransakcji<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:34.59253px;\">terminowych na <span class=\"_ _3\"></span>rynku metali. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:16.496521px;\">Na dzie\u0144 <span class=\"_ _57\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _57\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>ryzyko <span class=\"_ _57\"> </span>zmian <span class=\"_ _57\"> </span>cen <span class=\"_ _57\"> </span>metali <span class=\"_ _57\"> </span>dotyczy\u0142o <span class=\"_ _57\"> </span>tak\u017ce <span class=\"_ _57\"> </span>instrument\u00f3w <span class=\"_ _57\"> </span>poch<span class=\"_ _3\"></span>odnych <span class=\"_ _57\"> </span>wbudowanych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:667.78595px; bottom:2.300537px;\">w kontraktach z<span class=\"_ _3\"></span>akupu wsad\u00f3w obcych, <span class=\"_ _3\"></span>zawartych przez J<span class=\"_ _3\"></span>ednostk\u0119 Dominuj\u0105c\u0105.<span class=\"_ _3\"></span> </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:443.77557px;\">Analiza wra\u017cli<span class=\"_ _3\"></span>wo\u015bci Grupy Kap<span class=\"_ _3\"></span>ita\u0142owej na ryzy<span class=\"_ _3\"></span>ko zmian cen miedzi,<span class=\"_ _3\"></span> srebra i z\u0142ot<span class=\"_ _3\"></span>a w latach 20<span class=\"_ _3\"></span>21-2022 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1.7289734px; bottom:363.5916px;\">Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansow<span class=\"_ _2\"></span>e </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:1.7289734px; bottom:349.23962px;\">na dzie\u0144 31.12.202<span class=\"_ _2\"></span>2 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:232.453px; bottom:404.46362px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:227.46088px; bottom:390.11157px;\">nara\u017cona </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:225.57718px; bottom:375.9156px;\">na ryzyko</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:294.99716px; bottom:404.46362px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:286.57315px; bottom:390.11157px;\">bilansowa </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:285.33685px; bottom:375.9156px;\">31.12.2022</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:394.38083px; bottom:415.3836px;\">Zmiana ceny MIEDZI <span class=\"_ _2\"></span>[USD/t] <span class=\"_ _e5\"> </span> <span class=\"_ _135\"> </span>Zmiana ceny SRE<span class=\"_ _2\"></span>BRA [USD/uncj\u0119]<span class=\"_ _2\"></span> <span class=\"_ _135\"> </span> <span class=\"_ _67\"> </span>Zmiana ce<span class=\"_ _2\"></span>n Z\u0141OTA [USD/u<span class=\"_ _2\"></span>ncj\u0119]</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:372.99652px; bottom:399.93958px;\">10 293 (+23%)<span class=\"_ _2\"></span> <span class=\"_ _52\"> </span>6 463 (-23%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _110\"> </span></span>31,69 (+32%)<span class=\"_ _2\"></span> <span class=\"_ _136\"> </span>17,06 (-29%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _35\"> </span></span>2 107 (+15%) <span class=\"_ _60\"> </span>1 524 (-16%) </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:374.101px; bottom:363.5916px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:355.05713px; bottom:349.23962px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:412.009px; bottom:377.9436px;\">pozosta\u0142e </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:413.0891px; bottom:363.5916px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:418.093px; bottom:349.23962px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:484.23676px; bottom:363.5916px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:465.6728px; bottom:349.23962px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:522.4568px; bottom:377.9436px;\">pozosta\u0142e</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:522.4568px; bottom:363.5916px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:526.045px; bottom:349.23962px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:363.5916px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:585.4807px; bottom:349.23962px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:642.7205px; bottom:377.9436px;\">pozosta\u0142e </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:643.969px; bottom:363.5916px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:647.41376px; bottom:349.23962px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:715.573px; bottom:363.5916px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:696.3845px; bottom:349.23962px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:752.701px; bottom:377.9436px;\">pozosta\u0142e</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:753.79297px; bottom:363.5916px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:756.91296px; bottom:349.23962px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:852.5405px; bottom:363.5916px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:833.9769px; bottom:349.23962px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:925.3929px; bottom:363.5916px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:906.5169px; bottom:349.23962px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1.7289734px; bottom:331.61163px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Cu) <span class=\"_ _76\"> </span> <span class=\"_ _134\"> </span><span class=\"ff1\">161</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:317.00485px; bottom:331.61163px;\">161</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:382.057px; bottom:331.61163px;\">(49)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:425.2688px; bottom:331.61163px;\">(1 026)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:499.05676px; bottom:331.61163px;\">17</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:547.405px; bottom:331.61163px;\">935</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:625.729px; bottom:332.5476px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.253px; bottom:332.5476px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:736.633px; bottom:332.5476px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:790.60895px; bottom:332.5476px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:872.6649px; bottom:332.5476px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:946.14087px; bottom:332.5476px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1.7289734px; bottom:314.91962px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Ag) <span class=\"_ _dc\"> </span> <span class=\"_ _107\"> </span><span class=\"ff1\">50</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:321.82852px; bottom:314.91962px;\">50</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:396.55252px; bottom:314.91962px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:450.0611px; bottom:314.91962px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:505.14075px; bottom:314.91962px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:559.7407px; bottom:314.91962px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:622.75305px; bottom:315.85565px;\">2</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:668.305px; bottom:315.85565px;\">(67)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:722.74854px; bottom:315.85565px;\">(17)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:777.19293px; bottom:315.85565px;\">106</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:872.6649px; bottom:315.85565px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:946.14087px; bottom:315.85565px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1.7289734px; bottom:298.22766px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Au) <span class=\"_ _76\"> </span> <span class=\"_ _135\"> </span><span class=\"ff1\">(10)</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:315.9005px; bottom:298.22766px;\">(10)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:396.55252px; bottom:298.22766px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:450.0611px; bottom:298.22766px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:505.14075px; bottom:298.22766px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:559.7407px; bottom:298.22766px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:625.729px; bottom:299.16364px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.253px; bottom:299.16364px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:736.633px; bottom:299.16364px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:790.60895px; bottom:299.16364px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:860.80853px; bottom:299.16364px;\">(22)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:939.12054px; bottom:299.16364px;\">29</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1.7289734px; bottom:281.53564px;\">Wbudowane in<span class=\"_ _2\"></span>strumenty poc<span class=\"_ _2\"></span>hodne (Cu, Ag, Au)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:212.79688px; bottom:281.53564px;\"> <span class=\"_ _135\"> </span><span class=\"ff1\">(43)</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:315.9005px; bottom:281.53564px;\">(43)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:377.5205px; bottom:281.53564px;\">(164)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:450.0611px; bottom:281.53564px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:281.53564px;\">161</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:559.7407px; bottom:281.53564px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:625.729px; bottom:282.47165px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.253px; bottom:282.47165px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:736.633px; bottom:282.47165px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:790.60895px; bottom:282.47165px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:860.80853px; bottom:282.47165px;\">(24)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:939.12054px; bottom:282.47165px;\">27</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:209.50919px; bottom:265.15564px;\">Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:377.5205px; bottom:264.21967px;\">(213)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:450.0611px; bottom:264.21967px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:493.12878px; bottom:264.21967px;\">178</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:622.75305px; bottom:265.15564px;\">2</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:681.253px; bottom:265.15564px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:722.74854px; bottom:265.15564px;\">(17)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:790.60895px; bottom:265.15564px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:859.0925px; bottom:265.15564px;\">(46)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:939.12054px; bottom:265.15564px;\">56</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:154.59721px; bottom:250.17966px;\">Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:396.55252px; bottom:249.24365px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:425.2688px; bottom:249.24365px;\">(1 026)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:505.14075px; bottom:249.24365px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:547.405px; bottom:249.24365px;\">935</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:625.729px; bottom:250.17966px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:667.2125px; bottom:250.17966px;\">(67)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:736.633px; bottom:250.17966px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:777.19293px; bottom:250.17966px;\">106</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:872.6649px; bottom:250.17966px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:946.14087px; bottom:250.17966px;\">-</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:233.857px; bottom:201.50769px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:228.55289px; bottom:189.02768px;\">nara\u017cona </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:227.46088px; bottom:176.70367px;\">na ryzyko</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:292.04486px; bottom:201.50769px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:281.90485px; bottom:189.02768px;\">bilansowa </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:281.90485px; bottom:176.70367px;\">31.12.2021</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:389.38882px; bottom:204.93967px;\">Zmiana ceny MIEDZI <span class=\"_ _2\"></span>[USD/t] <span class=\"_ _e5\"> </span> <span class=\"_ _135\"> </span>Zmiana ceny SREBRA [USD/<span class=\"_ _2\"></span>uncj\u0119] <span class=\"_ _135\"> </span> <span class=\"_ _67\"> </span>Zmiana cen Z\u0141OTA [U<span class=\"_ _2\"></span>SD/uncj\u0119]</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:3.5887527px; bottom:166.40768px;\">Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia finansow<span class=\"_ _2\"></span>e </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:3.5887527px; bottom:153.9277px;\">na dzie\u0144 31.12.202<span class=\"_ _2\"></span>1  </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:367.861px; bottom:192.45969px;\">11 614 (+19%)<span class=\"_ _2\"></span> <span class=\"_ _52\"> </span>7 495 (-23%) <span class=\"_ _70\"> </span><span class=\"fcb\"> <span class=\"_ _33\"> </span></span>30,52 (+31%) <span class=\"_ _136\"> </span>16,55 (-29%) <span class=\"_ _f3\"> </span><span class=\"fcb\"> <span class=\"_ _5f\"> </span></span>2 122 (+17%) <span class=\"_ _138\"> </span>1 523 (-16%) </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:368.95282px; bottom:166.40768px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:351.48083px; bottom:153.9277px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:408.09714px; bottom:178.73169px;\">pozosta\u0142e </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:409.5011px; bottom:166.40768px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:412.009px; bottom:153.9277px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:481.27277px; bottom:166.40768px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:461.46082px; bottom:153.9277px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:517.93274px; bottom:178.73169px;\">pozosta\u0142e</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:517.93274px; bottom:166.40768px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:522.4568px; bottom:153.9277px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:599.9887px; bottom:166.40768px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:581.26874px; bottom:153.9277px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:638.50854px; bottom:178.73169px;\">pozosta\u0142e </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:639.6011px; bottom:166.40768px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:642.7205px; bottom:153.9277px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:710.425px; bottom:166.40768px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:691.5485px; bottom:153.9277px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:747.24097px; bottom:178.73169px;\">pozosta\u0142e</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:748.48895px; bottom:166.40768px;\">ca\u0142kowite </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:752.701px; bottom:153.9277px;\">dochody</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:847.7045px; bottom:166.40768px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:829.1409px; bottom:153.9277px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:921.4929px; bottom:166.40768px;\">wynik </div><div class=\"t me h5 ff2 fs3 fc2 sc0 ls0 ws0\" style=\"left:903.5529px; bottom:153.9277px;\">finansowy</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:3.5887527px; bottom:138.4837px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Cu) <span class=\"_ _76\"> </span> <span class=\"_ _68\"> </span><span class=\"ff1\">(1 09<span class=\"_ _3\"></span>6)</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:299.5205px; bottom:138.4837px;\">(1 096)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:377.5205px; bottom:138.4837px;\">(74)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:421.82452px; bottom:138.4837px;\">(1 770)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:488.6048px; bottom:138.4837px;\">173</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:535.405px; bottom:138.4837px;\">1 701</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:621.50507px; bottom:140.35571px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:675.94855px; bottom:140.35571px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:730.70496px; bottom:140.35571px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:786.553px; bottom:140.35571px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:870.0125px; bottom:140.35571px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:944.5764px; bottom:140.35571px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:3.5887527px; bottom:121.79172px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Ag) <span class=\"_ _dc\"> </span> <span class=\"_ _134\"> </span><span class=\"ff1\">224</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:312.481px; bottom:121.79172px;\">224</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:390.94882px; bottom:121.79172px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.54877px; bottom:121.79172px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:121.79172px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:555.373px; bottom:121.79172px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:618.073px; bottom:123.6637px;\">9</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:659.101px; bottom:123.6637px;\">(192)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:123.6637px;\">(39)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:773.29297px; bottom:123.6637px;\">334</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:3.5887527px; bottom:105.0997px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe (Au) <span class=\"_ _76\"> </span> <span class=\"_ _92\"> </span><span class=\"ff1\">-</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:324.79318px; bottom:105.0997px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:390.94882px; bottom:105.0997px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.54877px; bottom:105.0997px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:105.0997px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:555.373px; bottom:105.0997px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:621.50507px; bottom:106.97171px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:675.94855px; bottom:106.97171px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:730.70496px; bottom:106.97171px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:786.553px; bottom:106.97171px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:856.9093px; bottom:106.97171px;\">(20)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:935.3714px; bottom:106.97171px;\">20</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:3.5887527px; bottom:88.407715px;\">Wbudowane in<span class=\"_ _2\"></span>strumenty poc<span class=\"_ _2\"></span>hodne (Cu, Ag, Au)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:215.29288px; bottom:88.407715px;\"> <span class=\"_ _2a\"> </span><span class=\"ff1\">(<span class=\"_ _2\"></span>21)</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:312.481px; bottom:88.407715px;\">(21)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:372.99652px; bottom:88.407715px;\">(129)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.54877px; bottom:88.407715px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:488.6048px; bottom:88.407715px;\">165</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:555.373px; bottom:88.407715px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:612.93713px; bottom:90.12372px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:675.94855px; bottom:90.12372px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:728.833px; bottom:90.12372px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:786.553px; bottom:90.12372px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:856.9093px; bottom:90.12372px;\">(11)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:935.3714px; bottom:90.12372px;\">11</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:204.36118px; bottom:72.80774px;\">Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:371.43652px; bottom:72.80774px;\">(203)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:445.54877px; bottom:72.80774px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:488.6048px; bottom:72.80774px;\">338</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:618.073px; bottom:72.80774px;\">8</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:675.94855px; bottom:72.80774px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:72.80774px;\">(38)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:786.553px; bottom:72.80774px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:856.9093px; bottom:72.80774px;\">(31)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:936.6249px; bottom:72.80774px;\">31</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:149.14891px; bottom:59.85974px;\">Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:390.94882px; bottom:59.85974px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:419.809px; bottom:59.85974px;\">(1 770)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:59.85974px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:535.405px; bottom:59.85974px;\">1 701</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:621.50507px; bottom:59.85974px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:657.853px; bottom:59.85974px;\">(192)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:730.70496px; bottom:59.85974px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:773.29297px; bottom:59.85974px;\">334</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:870.0125px; bottom:59.85974px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:944.5764px; bottom:59.85974px;\">-</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:16.335754px;\"> Do wyznacz<span class=\"_ _3\"></span>enia zakresu poten<span class=\"_ _3\"></span>cjalnych zmian <span class=\"_ _3\"></span>cen metali dla cel\u00f3<span class=\"_ _3\"></span>w analizy wra<span class=\"_ _3\"></span>\u017cliwo\u015bci towarowyc<span class=\"_ _3\"></span>h czynnik\u00f3w ryzyka <span class=\"_ _3\"></span>(mied\u017a, srebr<span class=\"_ _3\"></span>o, z\u0142oto) wyk<span class=\"_ _3\"></span>orzystano powracaj<span class=\"_ _3\"></span>\u0105cy do \u015bredniej m<span class=\"_ _3\"></span>odel Schwartza<span class=\"_ _3\"></span> </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:2.295761px;\">(geometryczny p<span class=\"_ _3\"></span>roces Ornsteina<span class=\"_ _3\"></span>-Uhlenbecka).</div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:717.7088px;\">Nota 7.5.1.3 Ryzy<span class=\"_ _3\"></span>ko zmian kurs\u00f3w w<span class=\"_ _3\"></span>alutowych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:695.71277px;\">W  odniesieniu <span class=\"_ _74\"> </span>do<span class=\"_ _2\"></span>  ryzyka <span class=\"_ _74\"> </span>zmian  kurs\u00f3w  walutowych  w <span class=\"_ _74\"> </span>Grupie  Kapita\u0142owej  KGHM  Polska <span class=\"_ _74\"> </span>Mied\u017a  S.A.  identyfikowan<span class=\"_ _3\"></span>e </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:681.5168px;\">s\u0105 nast\u0119puj\u0105ce rodz<span class=\"_ _3\"></span>aje ekspozycji:<span class=\"_ _3\"></span> </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:667.3208px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja transak<span class=\"_ _3\"></span>cyjna dotycz\u0105ca <span class=\"_ _3\"></span>zmienno\u015bci warto\u015bci przep<span class=\"_ _3\"></span>\u0142yw\u00f3w pieni\u0119\u017cnych w <span class=\"_ _3\"></span>walucie bazowej, </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:653.2808px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja <span class=\"_ _74\"> </span>dotycz\u0105ca  z<span class=\"_ _3\"></span>mienno\u015bci <span class=\"_ _74\"> </span>warto<span class=\"_ _2\"></span>\u015bci <span class=\"_ _74\"> </span>wybranych  poz<span class=\"_ _3\"></span>ycji  spr<span class=\"_ _3\"></span>awozdania  z<span class=\"_ _3\"></span>  sytuacji <span class=\"_ _74\"> </span>finansowej  w<span class=\"_ _3\"></span> walucie </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:639.08484px;\">bazowej (funkcjonaln<span class=\"_ _3\"></span>ej), </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:624.8888px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">ekspozycja <span class=\"_ _64\"> </span>z <span class=\"_ _64\"> </span>tytu\u0142u <span class=\"_ _62\"> </span>inw<span class=\"_ _3\"></span>estycji <span class=\"_ _64\"> </span>netto <span class=\"_ _62\"> </span>w <span class=\"_ _64\"> </span>jednostkach <span class=\"_ _64\"> </span>zagranicznych <span class=\"_ _64\"> </span>dotycz\u0105ca <span class=\"_ _64\"> </span>zmienn<span class=\"_ _3\"></span>o\u015bci <span class=\"_ _62\"> </span>wart<span class=\"_ _3\"></span>o\u015bci </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:610.6928px;\">skonsolidowaneg<span class=\"_ _3\"></span>o kapita\u0142u w\u0142asnego w wa<span class=\"_ _3\"></span>lucie bazowej (waluci<span class=\"_ _3\"></span>e prezentacji) Grupy Kapi<span class=\"_ _3\"></span>ta\u0142owej. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:588.69684px;\">\u0179r\u00f3d\u0142em <span class=\"_ _2\"></span>ekspozycji transakcyjnej <span class=\"_ _2\"></span>na ryzyko<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>walutowe <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>kontrakty skutkuj\u0105ce <span class=\"_ _2\"></span>przep\u0142ywami pieni\u0119\u017cnymi, <span class=\"_ _2\"></span>kt\u00f3rych <span class=\"_ _2\"></span>warto\u015b\u0107<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:574.65686px;\">w  wa<span class=\"_ _3\"></span>lucie  bazowej <span class=\"_ _74\"> </span>(funkcjonalnej) <span class=\"_ _74\"> </span>jest  uzale\u017cniona <span class=\"_ _74\"> </span>od  prz<span class=\"_ _3\"></span>ysz\u0142ych  pozi<span class=\"_ _3\"></span>om\u00f3w  kurs\u00f3w <span class=\"_ _74\"> </span>walut  o<span class=\"_ _3\"></span>bcych  wzgl\u0119d<span class=\"_ _3\"></span>em  walut<span class=\"_ _3\"></span>y </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:560.4609px;\">bazowej. Przep\u0142ywy pi<span class=\"_ _3\"></span>eni\u0119\u017cne nar<span class=\"_ _3\"></span>a\u017cone na ryzyko walut<span class=\"_ _3\"></span>owe mog\u0105 posiada\u0107 nast<span class=\"_ _3\"></span>\u0119puj\u0105ce charakte<span class=\"_ _3\"></span>rystyki: </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:546.26483px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">denominowan<span class=\"_ _3\"></span>ie <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>walutach <span class=\"_ _59\"> </span>obcych <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _5a\"> </span>przep\u0142yw<span class=\"_ _3\"></span>y <span class=\"_ _5a\"> </span>realizowane <span class=\"_ _59\"> </span>s\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _5a\"> </span>walutach <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>bcych <span class=\"_ _59\"> </span>innych <span class=\"_ _5a\"> </span>ni\u017c <span class=\"_ _59\"> </span>waluta </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:532.06885px;\">funkcjonalna, </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:517.87286px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">indeksowani<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>do <span class=\"_ _59\"> </span>kursu <span class=\"_ _59\"> </span>walu<span class=\"_ _3\"></span>t <span class=\"_ _59\"> </span>obcych <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _59\"> </span>przep\u0142ywy <span class=\"_ _59\"> </span>mog\u0105 <span class=\"_ _59\"> </span>by\u0107<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>realizowane <span class=\"_ _59\"> </span>w <span class=\"_ _57\"> </span>walucie <span class=\"_ _59\"> </span>bazowej, <span class=\"_ _59\"> </span>lecz<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>cena </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:45.556747px; bottom:503.8329px;\">(np. metalu) jest ustalana<span class=\"_ _3\"></span> w innej <span class=\"_ _3\"></span>walucie obcej. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:481.83685px;\">Kluczowym <span class=\"_ _53\"></span>\u017ar\u00f3d\u0142em <span class=\"_ _53\"></span>ekspozycji <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>ryzyko <span class=\"_ _53\"></span>walutowe <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>dzia\u0142alno<span class=\"_ _3\"></span>\u015bci <span class=\"_ _0\"></span>biznesow<span class=\"_ _3\"></span>ej <span class=\"_ _0\"></span>Jednostki <span class=\"_ _2\"></span>D<span class=\"_ _2\"></span>ominu<span class=\"_ _3\"></span>j\u0105cej <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _53\"></span>wp\u0142ywy <span class=\"_ _53\"></span>z tytu\u0142u </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:467.64087px;\">sprzeda\u017cy produk<span class=\"_ _3\"></span>t\u00f3w (w cz\u0119\u015bci d<span class=\"_ _3\"></span>otycz\u0105cej cen metali, premii <span class=\"_ _3\"></span>przerobowej i produ<span class=\"_ _3\"></span>cenckiej). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:445.6449px;\">\u0179r\u00f3d\u0142em  e<span class=\"_ _2\"></span>kspozycji  na <span class=\"_ _57\"> </span>ryzyko <span class=\"_ _57\"> </span>walutowe  s\u0105 <span class=\"_ _57\"> </span>r\u00f3<span class=\"_ _2\"></span>wnie\u017c  pozycje <span class=\"_ _57\"> </span>skonsolidowanego  sprawozdania  z <span class=\"_ _57\"> </span>syt<span class=\"_ _2\"></span>uacji  f<span class=\"_ _2\"></span>inansowe<span class=\"_ _3\"></span>j </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:431.60492px;\">w walutach <span class=\"_ _0\"></span>obcych, <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>gruncie <span class=\"_ _0\"> </span>o<span class=\"_ _2\"></span>bowi\u0105zuj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _1\"> </span>zasad <span class=\"_ _0\"> </span>rachunkowo\u015bci, <span class=\"_ _1\"> </span>podl<span class=\"_ _3\"></span>egaj\u0105 <span class=\"_ _1\"> </span>przeliczeniu <span class=\"_ _0\"></span>na <span class=\"_ _1\"> </span>bazie <span class=\"_ _1\"> </span>bie\u017c\u0105ceg<span class=\"_ _3\"></span>o </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:417.40894px;\">kursu waluty obcej wzgl\u0119dem waluty bazowej (funkcjonaln<span class=\"_ _3\"></span>ej) w <span class=\"_ _2\"></span>zwi\u0105zku<span class=\"_ _3\"></span> z rozliczeniem lub o<span class=\"_ _2\"></span>kreso<span class=\"_ _3\"></span>w\u0105 wycen\u0105, w t<span class=\"_ _2\"></span>ym tak\u017ce </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:403.2129px;\">z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>przelicz<span class=\"_ _3\"></span>enia <span class=\"_ _5a\"> </span>sprawozd<span class=\"_ _3\"></span>a\u0144 <span class=\"_ _5a\"> </span>jednostek <span class=\"_ _5a\"> </span>zagraniczn<span class=\"_ _3\"></span>ych. <span class=\"_ _5a\"> </span>Zmiany <span class=\"_ _59\"> </span>warto\u015bci <span class=\"_ _5a\"> </span>bilansowych <span class=\"_ _59\"> </span>takich <span class=\"_ _5a\"> </span>pozycji <span class=\"_ _59\"> </span>pomi\u0119dzy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:389.0169px;\">momentami wyceny wp<span class=\"_ _3\"></span>\u0142ywaj\u0105 na z<span class=\"_ _3\"></span>mienno\u015b\u0107 zysku/straty netto l<span class=\"_ _3\"></span>ub pozosta\u0142ych ca\u0142kow<span class=\"_ _3\"></span>itych dochod\u00f3w.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:367.02094px;\">Ekspozycja na <span class=\"_ _3\"></span>ryzyko walutowe pozycj<span class=\"_ _3\"></span>i skonsolidowane<span class=\"_ _3\"></span>go sprawozdania z sytuacj<span class=\"_ _3\"></span>i finansowej dot<span class=\"_ _3\"></span>yczy w szczeg\u00f3lno\u015bci:<span class=\"_ _3\"></span> </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:352.98096px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci i zobowi\u0105za<span class=\"_ _3\"></span>\u0144 handlowych z<span class=\"_ _3\"></span> tytu\u0142u sprzeda\u017cy i <span class=\"_ _3\"></span>zakup\u00f3w denominowan<span class=\"_ _3\"></span>ych w walutach obc<span class=\"_ _3\"></span>ych, </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:338.7849px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci finansow<span class=\"_ _3\"></span>ych z tytu\u0142u po\u017cycz<span class=\"_ _3\"></span>ek udzielonych w walutac<span class=\"_ _3\"></span>h obcych, </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:324.58893px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">zobowi\u0105za\u0144 finans<span class=\"_ _3\"></span>owych z tytu\u0142u <span class=\"_ _3\"></span>zad\u0142u\u017cenia w walutach <span class=\"_ _3\"></span>obcych, </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:310.39294px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _3\"></span>w walutach obcych,<span class=\"_ _3\"></span> </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:21.532753px; bottom:296.19696px;\">\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">instrument\u00f3w pochod<span class=\"_ _3\"></span>nych na rynku <span class=\"_ _3\"></span>metali. </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:274.357px;\">W <span class=\"_ _57\"> </span>przypadku <span class=\"_ _57\"> </span>rynku <span class=\"_ _57\"> </span>waluto<span class=\"_ _2\"></span>wego, <span class=\"_ _57\"> </span>nomina\u0142 <span class=\"_ _59\"> </span>rozliczonych <span class=\"_ _57\"> </span>transakcji <span class=\"_ _57\"> </span>zabezpieczaj\u0105cych <span class=\"_ _57\"> </span>przychody <span class=\"_ _57\"> </span>ze sprzeda\u017cy <span class=\"_ _57\"> </span>metali </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:260.16095px;\">stanowi\u0142 oko\u0142o 20% (w 2021 r. 28<span class=\"_ _2\"></span>%) ca\u0142kowitych przychod\u00f3w ze sprzeda\u017cy miedzi i srebra zrealizowanych przez Je<span class=\"_ _2\"></span>dnostk\u0119 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:245.96497px;\">Dominuj\u0105c\u0105 w 2<span class=\"_ _3\"></span>022 r.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:223.969px;\">W ramach realizacji strategiczne<span class=\"_ _3\"></span>go planu zabezpiecze\u0144 przed r<span class=\"_ _3\"></span>yzykiem rynkowym w 202<span class=\"_ _3\"></span>2 r. Jednostka Dominuj\u0105ca naby\u0142a<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:209.92899px;\">opcje sprzeda\u017cy <span class=\"_ _2\"></span>na rynku <span class=\"_ _2\"></span>walutowym dla <span class=\"_ _2\"></span>205 mln USD planowanych przychod\u00f3w <span class=\"_ _2\"></span>ze sprzeda\u017cy <span class=\"_ _2\"></span>z terminami zapadalno\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:195.733px;\">od kwietnia <span class=\"_ _53\"></span>2022 r. <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>grudnia <span class=\"_ _2\"></span>2022 r., <span class=\"_ _53\"></span>a <span class=\"_ _53\"></span>tak\u017ce <span class=\"_ _0\"></span>struktury <span class=\"_ _53\"></span>opcyjne <span class=\"_ _2\"></span><span class=\"ff3\">k<span class=\"_ _2\"></span>orytarz</span> <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rynku <span class=\"_ _53\"></span>walutowym <span class=\"_ _53\"></span>\u0142\u0105cznie <span class=\"_ _53\"></span>dla <span class=\"_ _53\"></span>400 mln USD </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:181.53699px;\">planowanych <span class=\"_ _1\"> </span>przychod\u00f3w <span class=\"_ _1\"> </span>ze <span class=\"_ _74\"> </span>sprzeda\u017cy <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _1\"> </span>sierpnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _1\"> </span>do<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _74\"> </span>oraz <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>ruktury <span class=\"_ _1\"> </span><span class=\"ff3\">korytarz</span> <span class=\"_ _74\"> </span>dla </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:167.341px;\">2 640 m<span class=\"_ _3\"></span>ln USD na okres od stycznia <span class=\"_ _3\"></span>2023 r. do grudnia <span class=\"_ _3\"></span>2024 r. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:145.345px;\">Ponadto <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>ramach <span class=\"_ _59\"> </span>bie\u017c\u0105cego <span class=\"_ _59\"> </span>zar<span class=\"_ _3\"></span>z\u0105dzania <span class=\"_ _59\"> </span>ryzykiem <span class=\"_ _59\"> </span>walutowym <span class=\"_ _59\"> </span>zawieran<span class=\"_ _3\"></span>o <span class=\"_ _59\"> </span>kr\u00f3tkoterminowe <span class=\"_ _59\"> </span>transakcje <span class=\"_ _59\"> </span>sprzeda\u017c<span class=\"_ _3\"></span>y </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:131.30502px;\">terminowej <span class=\"_ _0\"></span>(<span class=\"ff3\">forward</span>), <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _0\"> </span>celem <span class=\"_ _1\"> </span>by\u0142o <span class=\"_ _1\"> </span>zabezpieczenie <span class=\"_ _0\"></span>przed <span class=\"_ _0\"> </span>ryzykie<span class=\"_ _2\"></span>m <span class=\"_ _0\"> </span>zwi\u0105zanym <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>wahaniami <span class=\"_ _0\"></span>kursu <span class=\"_ _1\"> </span>USD/PLN, <span class=\"_ _0\"> </span>dla </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:117.10904px;\">zaplanowanych k<span class=\"_ _3\"></span>r\u00f3tkoterminowych pr<span class=\"_ _3\"></span>zep\u0142yw\u00f3w finansowych. Tr<span class=\"_ _3\"></span>ansakcje <span class=\"ff3\">forwar<span class=\"_ _3\"></span>d<span class=\"ff2\"> zosta\u0142y rozliczo<span class=\"_ _3\"></span>ne w III kwartale 2022<span class=\"_ _3\"></span> r. </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:95.11304px;\">W  efekcie  na  dzie\u0144  31  grudnia  2022  r.  Jednostka  Dominuj\u0105ca<span class=\"_ _3\"></span>  posiada\u0142a  otwart\u0105  pozycj\u0119  zabezpie<span class=\"_ _3\"></span>czaj\u0105c\u0105  na  rynku </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:80.91705px;\">walutowym <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>no<span class=\"_ _2\"></span>mina\u0142u <span class=\"_ _74\"> </span>2 955 <span class=\"_ _74\"> </span>mln  USD <span class=\"_ _74\"> </span>(1 050 <span class=\"_ _74\"> </span>mln  USD <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>dzie\u0144  31<span class=\"_ _3\"></span> <span class=\"_ _74\"> </span>g<span class=\"_ _2\"></span>rudnia <span class=\"_ _74\"> </span>2021 <span class=\"_ _74\"> </span>r.)  oraz <span class=\"_ _74\"> </span>transakcje  CIR<span class=\"_ _3\"></span>S  <span class=\"_ _74\"> </span>(<span class=\"_ _2\"></span><span class=\"ff3\">Cross </span></div><div class=\"t m4 h8 ff3 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:66.72104px;\">Currency Interest Rate Sw<span class=\"_ _3\"></span>ap<span class=\"ff2\"> - swap walutowo<span class=\"_ _3\"></span>-procentowy) dla nomina<span class=\"_ _3\"></span>\u0142u 2 mld PLN, zar\u00f3wno zabe<span class=\"_ _3\"></span>zpieczaj\u0105ce przychody <span class=\"_ _3\"></span>ze </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:52.68106px;\">sprzeda\u017cy w waluci<span class=\"_ _3\"></span>e, jak i zmienne opr<span class=\"_ _3\"></span>ocentowanie wyemit<span class=\"_ _3\"></span>owanych obligacji.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:30.685059px;\">Poni\u017csza <span class=\"_ _5e\"> </span>tabela <span class=\"_ _67\"> </span>prezen<span class=\"_ _3\"></span>tuje <span class=\"_ _5e\"> </span>skr\u00f3cone <span class=\"_ _67\"> </span>zestawienie <span class=\"_ _5e\"> </span>otwartyc<span class=\"_ _3\"></span>h <span class=\"_ _5e\"> </span>t<span class=\"_ _2\"></span>ransakcji <span class=\"_ _5e\"> </span>w <span class=\"_ _5e\"> </span>inst<span class=\"_ _2\"></span>rumentach <span class=\"_ _5e\"> </span>pochodnych <span class=\"_ _5e\"> </span>jednostki </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:16.489075px;\">Dominuj\u0105cej  n<span class=\"_ _3\"></span>a rynku <span class=\"_ _74\"> </span>waluto<span class=\"_ _2\"></span>wym <span class=\"_ _74\"> </span>na  31 <span class=\"_ _58\"> </span>grudnia  202<span class=\"_ _3\"></span>2  r. <span class=\"_ _74\"> </span>(zab<span class=\"_ _2\"></span>ezpieczony <span class=\"_ _74\"> </span>wolumen  w <span class=\"_ _74\"> </span>prezentowanych  okresach <span class=\"_ _74\"> </span>jest </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.004714966px; bottom:2.2930603px;\">roz\u0142o\u017cony r\u00f3wnomi<span class=\"_ _3\"></span>ernie w podzia<span class=\"_ _3\"></span>le miesi\u0119cznym).<span class=\"_ _192\"> </span></div>Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian kursu <span class=\"_ _3\"></span>walutowego USD/ PLN \u2013 i<span class=\"_ _3\"></span>nstrumenty pochodn<span class=\"_ _3\"></span>e otwarte na 31 <span class=\"_ _3\"></span>grudnia 2022 r. Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka zmian kursu <span class=\"_ _3\"></span>walutowego USD/PLN <span class=\"_ _3\"></span>\u2013 instrumenty pochodn<span class=\"_ _3\"></span>e otwarte na 31 grud<span class=\"_ _3\"></span>nia 2021 r. Zabezpieczenie ryzy<span class=\"_ _3\"></span>ka walutowo-proc<span class=\"_ _3\"></span>entowego zwi\u0105zan<span class=\"_ _3\"></span>ego z emisj\u0105 <span class=\"_ _3\"></span>obligacji o zmiennym <span class=\"_ _3\"></span>oprocentowaniu w <span class=\"_ _3\"></span>PLN \u2013 instrumenty poch<span class=\"_ _3\"></span>odne otwarte na 31 grud<span class=\"_ _3\"></span>nia 2022 r. oraz n<span class=\"_ _3\"></span>a 31 grudni<span class=\"_ _3\"></span>a 2021 r.<span class=\"fc0\"> </span>Instrument<span class=\"_ _192\"> </span>Nomina\u0142<span class=\"_ _192\"> </span>\u015arednia stopa procentowa<span class=\"_ _192\"> </span>\u015aredni kurs wymiany<span class=\"_ _192\"> </span>[mln PLN]<span class=\"_ _192\"> </span>[<span class=\"_ _192\"> </span>sta\u0142a stopa % dl<span class=\"_ _2\"></span>a USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>VI  2024 CIRS<span class=\"_ _192\"> </span>400<span class=\"_ _192\"> </span>3,23%<span class=\"_ _192\"> </span>3,78<span class=\"_ _192\"> </span>VI 2029<span class=\"_ _192\"> </span>CIRS<span class=\"_ _192\"> </span>1 600<span class=\"_ _192\"> </span>3,94%<span class=\"_ _192\"> </span>3,81<span class=\"_ _192\"> </span>SUMA 2 000<span class=\"_ _192\"> </span>Niekt\u00f3re <span class=\"_ _0\"></span>polskie <span class=\"_ _1\"> </span>sp\u00f3\u0142ki <span class=\"_ _0\"></span>Grupy <span class=\"_ _0\"></span>Kapita\u0142owej <span class=\"_ _1\"> </span>zarz\u0105<span class=\"_ _3\"></span>dza\u0142y <span class=\"_ _1\"> </span>ryzykiem <span class=\"_ _0\"></span>walutowym, <span class=\"_ _0\"></span>zwi\u0105zanym <span class=\"_ _0\"></span>z <span class=\"_ _1\"> </span>ich podstawow\u0105 <span class=\"_ _0\"></span>dzia\u0142alno\u015bci\u0105<span class=\"_ _3\"></span> (m.in. <span class=\"_ _1\"> </span>handlow\u0105), <span class=\"_ _0\"></span>poprzez <span class=\"_ _1\"> </span>zawieranie <span class=\"_ _0\"></span>transakcji <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>instrumenta<span class=\"_ _3\"></span>ch <span class=\"_ _1\"> </span>pochodnych <span class=\"_ _0\"> </span>m.in. <span class=\"_ _1\"> </span>na rynku <span class=\"_ _1\"> </span>USD/PLN <span class=\"_ _0\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _0\"></span>EUR/PLN. Zestawienie otwartych transakcj<span class=\"_ _3\"></span>i na 31 grudnia 2022 r. oraz 31 grudnia 2021 r. nie je<span class=\"_ _2\"></span>st prezentow<span class=\"_ _3\"></span>ane ze wzgl\u0119du na ma\u0142\u0105 istotno\u015b\u0107 dla Grup<span class=\"_ _3\"></span>y Kapita\u0142owej. W <span class=\"_ _53\"></span>ramach <span class=\"_ _53\"></span>z<span class=\"_ _2\"></span>arz\u0105dzania <span class=\"_ _53\"></span>ryzykiem <span class=\"_ _0\"></span>walutowym <span class=\"_ _53\"></span>Jednostka <span class=\"_ _53\"></span>Do<span class=\"_ _2\"></span>minuj<span class=\"_ _3\"></span>\u0105ca <span class=\"_ _53\"></span>sto<span class=\"_ _2\"></span>suje <span class=\"_ _53\"></span>hedging <span class=\"_ _0\"></span>naturalny <span class=\"_ _53\"></span>polegaj\u0105cy <span class=\"_ _53\"></span>na zaci\u0105ganiu kredyt\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>walutach, <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>si\u0105ga <span class=\"_ _0\"></span>przychody. <span class=\"_ _53\"></span>Warto\u015b\u0107 <span class=\"_ _0\"></span>kredyt\u00f3w <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>po\u017cyczek <span class=\"_ _53\"></span>inwestycyjnych <span class=\"_ _0\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _0\"></span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. zaci\u0105gni\u0119tych w <span class=\"_ _3\"></span>walucie USD, po prz<span class=\"_ _3\"></span>eliczeniu na PLN wynios<span class=\"_ _3\"></span>\u0142a 3 435 mln <span class=\"_ _3\"></span>PLN (na 31 grudnia 20<span class=\"_ _3\"></span>21 r. 2 980 m<span class=\"_ _3\"></span>ln PLN).  Nomina\u0142<span class=\"_ _192\"> </span>\u015aredniowa\u017con<span class=\"_ _2\"></span>y kurs wyko<span class=\"_ _2\"></span>nania opcji<span class=\"_ _2\"></span> \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny po<span class=\"_ _2\"></span>ziom zabezpieczenia<span class=\"_ _192\"> </span>Instrument/ struktura opcyjna<span class=\"_ _2\"></span> sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>ogranicze<span class=\"_ _2\"></span>nie zabezp<span class=\"_ _2\"></span>ieczenia<span class=\"_ _192\"> </span>zabezp<span class=\"_ _2\"></span>ieczenie<span class=\"_ _192\"> </span>kursu walu<span class=\"_ _2\"></span>towego ogranicze<span class=\"_ _2\"></span>nie partycypa<span class=\"_ _2\"></span>cji<span class=\"_ _192\"> </span>[mln USD]<span class=\"ff1\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[PLN za 1 USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>2023 mewa <span class=\"_ _68\"> </span>135,00 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>mewa <span class=\"_ _68\"> </span>180,00 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,03<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>5,48<span class=\"_ _192\"> </span>(0,03)<span class=\"_ _192\"> </span>4,45<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,69<span class=\"_ _192\"> </span>6,09<span class=\"_ _192\"> </span>(0,05)<span class=\"_ _192\"> </span>4,64 <span class=\"_ _139\"> </span><span class=\"ff1 fc2\">SUMA 2023<span class=\"_ _2\"></span></span> <span class=\"_ _13a\"> </span><span class=\"ff1\">1 635,00 </span>2024<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>5,48<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,48<span class=\"_ _192\"> </span>korytarz <span class=\"_ _68\"> </span>660,00 -<span class=\"_ _192\"> </span>4,69<span class=\"_ _192\"> </span>6,09<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>4,68<span class=\"_ _192\"> </span>SUMA 2024<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _13a\"> </span><span class=\"ff1\">1 320,00 </span></span>Nomina\u0142<span class=\"_ _192\"> </span>Kurs wykonania op<span class=\"_ _2\"></span>cji \u015aredniowa\u017con<span class=\"_ _2\"></span>y poziom premii<span class=\"_ _192\"> </span>Efektywny poziom zabezpieczenia<span class=\"_ _192\"> </span>Instrument/ struktura opcyjna<span class=\"_ _2\"></span> sprzeda\u017c opcji sprzeda<span class=\"_ _2\"></span>\u017cy  zakup opcji sprzeda<span class=\"_ _2\"></span>\u017cy<span class=\"_ _192\"> </span>sprzeda\u017c opcji kupna<span class=\"_ _192\"> </span>ograniczenie zabezpieczenia<span class=\"ff2\"> </span>zabezpieczenie<span class=\"_ _192\"> </span>kursu walutowego ograniczenie partycypacji<span class=\"ff1\"> </span>[mln USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>[PLN za 1 USD]<span class=\"_ _192\"> </span>[USD/PLN]<span class=\"_ _192\"> </span>I p\u00f3\u0142. mewa<span class=\"_ _192\"> </span>67,5 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>3,99<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>90 3,50<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,04<span class=\"_ _192\"> </span>3,94<span class=\"_ _192\"> </span>zakup opcji sp<span class=\"_ _2\"></span>rzeda\u017cy<span class=\"_ _192\"> </span>180 -<span class=\"_ _192\"> </span>3,75<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(0,04)<span class=\"_ _192\"> </span>3,71<span class=\"_ _192\"> </span>II p\u00f3\u0142. mewa<span class=\"_ _192\"> </span>67,5 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,01)<span class=\"_ _192\"> </span>3,99<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>90 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>0,03<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>korytarz<span class=\"_ _192\"> </span>240 -<span class=\"_ _192\"> </span>3,85<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,04)<span class=\"_ _192\"> </span>3,81 <span class=\"_ _13b\"> </span><span class=\"ff1 fc2\">SUMA 2022<span class=\"_ _2\"></span></span> <span class=\"_ _115\"> </span><span class=\"ff1\">735 </span>2023<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>135 3,30<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>4,60<span class=\"_ _192\"> </span>(0,00)<span class=\"_ _192\"> </span>4,00<span class=\"_ _192\"> </span>mewa<span class=\"_ _192\"> </span>180 3,30<span class=\"_ _192\"> </span>3,90<span class=\"_ _192\"> </span>4,50<span class=\"_ _192\"> </span>(0,03)<span class=\"_ _192\"> </span>3,93<span class=\"_ _192\"> </span>SUMA 2023<span class=\"_ _2\"></span><span class=\"ff2 fc0\"> <span class=\"_ _13c\"> </span><span class=\"ff1\">315<span class=\"_ _192\"> </span></span></span><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:607.72015px;\">Poni\u017csze  tabel<span class=\"_ _3\"></span>e  prezentuj\u0105  stru<span class=\"_ _3\"></span>ktur\u0119  walutow\u0105  instrum<span class=\"_ _3\"></span>ent\u00f3w  finans<span class=\"_ _3\"></span>owych  nara\u017conych <span class=\"_ _74\"> </span>na  ryzyko  walutowe  (zm<span class=\"_ _3\"></span>iany </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:593.5242px;\">kurs\u00f3w USD/PLN , EUR/PLN, CAD/PLN oraz GBP/PLN) Grupy Kapita\u0142ow<span class=\"_ _3\"></span>ej KGHM Polska Mied\u017a S.A. oraz analiz\u0119 wra\u017cliwo\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:579.3282px;\">na ryzyko <span class=\"_ _2\"></span>zmian kurs\u00f3w walutowych. <span class=\"_ _2\"></span>Do wyznaczenia zakresu potencjalnych zmian kurs\u00f3w <span class=\"_ _2\"></span>USD/P<span class=\"_ _3\"></span>LN, <span class=\"_ _2\"></span>EUR/PLN, CAD/PLN </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:565.13214px;\">oraz GBP/PLN dla <span class=\"_ _3\"></span>cel\u00f3w analizy wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci wykorzystan<span class=\"_ _3\"></span>o model Blacka-Scholesa <span class=\"_ _3\"></span>(geometryczny <span class=\"_ _3\"></span>ruch Browna). </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:532.99615px;\">Instrumenty fin<span class=\"_ _3\"></span>ansowe<span class=\"_ _192\"> </span></div><div class=\"c wfe h2a\" style=\"left:295.77026px; bottom:540.1731px;\"><div class=\"t m4 x10 h8 yc70 ff1 fs6 fc2 sc0 ls0 ws0\">Warto\u015b\u0107 nara\u017c<span class=\"_ _3\"></span>ona na ryzyko na 31.12.2<span class=\"_ _3\"></span>022<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:292.49426px; bottom:525.5082px;\">razem mln PLN<span class=\"_ _3\"></span> <span class=\"_ _69\"> </span><span class=\"ff2\">mln USD </span></div><div class=\"c wff h14\" style=\"left:430.55475px; bottom:522.3891px;\"><div class=\"t m4 x250 h8 y5dd ff2 fs6 fc2 sc0 ls0 ws0\">mln EUR</div></div><div class=\"t m4 h8 ff2 fs6 fc2 sc0 ls0 ws0\" style=\"left:470.97052px; bottom:525.5082px;\"> <span class=\"_ _62\"> </span>mln CAD </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:506.00818px;\">Udzia\u0142y i akcje </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:362.85086px; bottom:506.00818px;\">4 <span class=\"_ _f7\"> </span><span class=\"ff2\">- <span class=\"_ _10b\"> </span>- <span class=\"_ _107\"> </span>1 <span class=\"_ _13d\"> </span> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:487.75623px;\">Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w  </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:352.08627px; bottom:487.75623px;\">776 <span class=\"_ _10d\"> </span><span class=\"ff2\">140<span class=\"_ _3\"></span> <span class=\"_ _e4\"> </span>30<span class=\"_ _3\"></span> <span class=\"_ _107\"> </span>5 <span class=\"_ _13d\"> </span> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:469.3482px;\">\u015arodki pieni\u0119\u017cne i ekwi<span class=\"_ _3\"></span>walenty  </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:352.08627px; bottom:469.3482px;\">868 <span class=\"_ _10d\"> </span><span class=\"ff2\">163<span class=\"_ _3\"></span> <span class=\"_ _e4\"> </span>20<span class=\"_ _3\"></span> <span class=\"_ _134\"> </span>17 <span class=\"_ _1e\"> </span> </span></div><div class=\"c w100 h2e\" style=\"left:5.7787094px; bottom:449.53705px;\"><div class=\"t m4 x10 h8 y1ad ff2 fs6 fc0 sc0 ls0 ws0\">D\u0142ugoterminowe po\u017c<span class=\"_ _3\"></span>yczki udzielone na rz<span class=\"_ _3\"></span>ecz </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:438.4602px;\">wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:342.58258px; bottom:445.63623px;\">9 603 <span class=\"_ _13e\"> </span><span class=\"ff2\">2 182 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:421.9242px;\">Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe  </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:352.08627px; bottom:421.9242px;\">234 <span class=\"_ _134\"> </span><span class=\"ff2\">44 <span class=\"_ _10b\"> </span>- <span class=\"_ _134\"> </span>12 <span class=\"_ _1e\"> </span> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:403.51624px;\">Pochodne instrume<span class=\"_ _3\"></span>nty finansowe*<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:352.08627px; bottom:403.51624px;\">357 <span class=\"_ _134\"> </span><span class=\"ff2\">36 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:385.10822px;\">Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w <span class=\"_ _3\"></span>i podobne </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:336.81058px; bottom:385.10822px;\">(1 063) <span class=\"_ _13f\"> </span><span class=\"ff2\">(153) <span class=\"_ _115\"> </span>(75) <span class=\"_ _33\"> </span>(11) <span class=\"_ _1e\"> </span> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:366.70026px;\">Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:336.81058px; bottom:366.70026px;\">(3 578) <span class=\"_ _13f\"> </span><span class=\"ff2\">(793) <span class=\"_ _115\"> </span>(10) <span class=\"_ _33\"> </span>(13) <span class=\"_ _1e\"> </span> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:348.29224px;\">Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:350.69476px; bottom:348.29224px;\">(49) <span class=\"_ _140\"> </span><span class=\"ff2\">(9) <span class=\"_ _f9\"> </span>(2) <span class=\"_ _f7\"> </span>- <span class=\"_ _1e\"> </span> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:333.16028px;\">* </div><div class=\"c w101 h16\" style=\"left:22.782753px; bottom:330.5091px;\"><div class=\"t m5 x10 h5 y1717 ff3 fs3 fc0 sc0 ls0 ws0\">W <span class=\"_ _0\"></span>pozycji <span class=\"_ _0\"> </span>poch<span class=\"_ _2\"></span>odne<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>instrumenty<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>finansowe <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>kolu<span class=\"_ _2\"></span>mnie <span class=\"_ _0\"> </span>\u201emln<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>USD\u201d <span class=\"_ _0\"></span>zaprezent<span class=\"_ _2\"></span>owane <span class=\"_ _0\"> </span>s\u0105 <span class=\"_ _0\"> </span>tra<span class=\"_ _2\"></span>nsakcje <span class=\"_ _0\"> </span>na <span class=\"_ _0\"> </span>ryn<span class=\"_ _2\"></span>ku <span class=\"_ _0\"></span>metali, <span class=\"_ _0\"> </span>kt\u00f3re<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>s\u0105 </div></div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.782753px; bottom:320.68024px;\">wycenian<span class=\"_ _2\"></span>e w USD <span class=\"_ _2\"></span>i p<span class=\"_ _192\"> </span></div><div class=\"c w102 h16\" style=\"left:104.994675px; bottom:318.02905px;\"><div class=\"t m5 x10 h5 y23f ff3 fs3 fc0 sc0 ls0 ws0\">rzeliczane n<span class=\"_ _2\"></span>a PLN po <span class=\"_ _2\"></span>kursie z <span class=\"_ _2\"></span>dnia ko<span class=\"_ _2\"></span>\u0144cz\u0105cego okre<span class=\"_ _2\"></span>s sprawozd<span class=\"_ _2\"></span>awczy, na<span class=\"_ _2\"></span>tomiast kol<span class=\"_ _2\"></span>umna \u201eraze<span class=\"_ _2\"></span>m mln <span class=\"_ _2\"></span>PLN\u201d </div></div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.782753px; bottom:308.35626px;\">uwzgl\u0119d<span class=\"_ _2\"></span>nia r\u00f3wnie\u017c wa<span class=\"_ _2\"></span>rto\u015b\u0107 godziw\u0105 instru<span class=\"_ _2\"></span>ment\u00f3w p<span class=\"_ _2\"></span>ochodnych w<span class=\"_ _2\"></span>ycenianych wy\u0142\u0105<span class=\"_ _2\"></span>cznie w PLN.<span class=\"ff2\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:259.52826px;\">Instrumenty fin<span class=\"_ _3\"></span>ansowe<span class=\"_ _192\"> </span></div><div class=\"c w103 h2a\" style=\"left:325.89075px; bottom:266.70508px;\"><div class=\"t m4 x10 h8 y1d0 ff1 fs6 fc2 sc0 ls0 ws0\">Warto\u015b\u0107 nara\u017c<span class=\"_ _3\"></span>ona na ryzyko na 31</div></div><div class=\"c w104 h2a\" style=\"left:502.63873px; bottom:266.70508px;\"><div class=\"t m4 x10 h8 y1d0 ff1 fs6 fc2 sc0 ls0 ws0\">.12.2021<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:292.49426px; bottom:252.04028px;\">razem mln PLN<span class=\"_ _3\"></span> <span class=\"_ _69\"> </span><span class=\"ff2\">mln USD </span></div><div class=\"c wff h14\" style=\"left:430.55475px; bottom:248.92108px;\"><div class=\"t m4 x250 h8 y1d7 ff2 fs6 fc2 sc0 ls0 ws0\">mln EUR</div></div><div class=\"t m4 h8 ff2 fs6 fc2 sc0 ls0 ws0\" style=\"left:470.97052px; bottom:252.04028px;\"> <span class=\"_ _62\"> </span>mln CAD <span class=\"_ _62\"> </span>mln GBP </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:232.69629px;\">Udzia\u0142y i akcje </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:364.73456px; bottom:233.1643px;\">5<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:419.94684px; bottom:232.69629px;\">- <span class=\"_ _10b\"> </span>- <span class=\"_ _107\"> </span>2 <span class=\"_ _f7\"> </span>- </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:214.28833px;\">Nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w  </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:354.11426px; bottom:214.75629px;\">515<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:410.91074px; bottom:214.28833px;\">80 <span class=\"_ _f9\"> </span>30 <span class=\"_ _141\"> </span>4 <span class=\"_ _107\"> </span>8 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:195.88031px;\">\u015arodki pieni\u0119\u017cne i ekwi<span class=\"_ _3\"></span>walenty  </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:346.62686px; bottom:196.34833px;\">1 558<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:404.51474px; bottom:195.88031px;\">341 <span class=\"_ _f9\"> </span>20 <span class=\"_ _134\"> </span>23 <span class=\"_ _107\"> </span>2 </div><div class=\"c w100 h2e\" style=\"left:5.7787094px; bottom:176.06909px;\"><div class=\"t m4 x10 h8 y269 ff2 fs6 fc0 sc0 ls0 ws0\">D\u0142ugoterminowe po\u017c<span class=\"_ _3\"></span>yczki udzielone na rz<span class=\"_ _3\"></span>ecz </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:165.14832px;\">wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:346.62686px; bottom:172.63635px;\">7 867<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:396.40274px; bottom:172.16833px;\">1 938 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- </div><div class=\"c w105 h2a\" style=\"left:5.7787094px; bottom:147.20905px;\"><div class=\"t m4 x10 h8 y5fa ff2 fs6 fc0 sc0 ls0 ws0\">Kr\u00f3tkoterminowe p<span class=\"_ _3\"></span>o\u017cyczki udzielon<span class=\"_ _3\"></span>e na rzecz </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:136.13232px;\">wsp\u00f3lnych przedsi\u0119wzi<span class=\"_ _3\"></span>\u0119\u0107 </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:354.11426px; bottom:143.62036px;\">447 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:404.51474px; bottom:143.15234px;\">110 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:119.44037px;\">Pozosta\u0142e aktywa <span class=\"_ _3\"></span>finansowe  </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:354.11426px; bottom:119.908325px;\">150<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:410.91074px; bottom:119.44037px;\">26 <span class=\"_ _10b\"> </span>- <span class=\"_ _134\"> </span>12 <span class=\"_ _f7\"> </span>- </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:101.03235px;\">Pochodne instrume<span class=\"_ _3\"></span>nty finansowe*<span class=\"_ _3\"></span> </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:340.0749px; bottom:101.65634px;\">(1 174)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:404.51474px; bottom:101.03235px;\">220 <span class=\"_ _10b\"> </span>- <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:82.780365px;\">Zobowi\u0105zania wob<span class=\"_ _3\"></span>ec dostawc\u00f3w <span class=\"_ _3\"></span>i podobne </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:340.0749px; bottom:83.24835px;\">(1 132)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:398.41827px; bottom:82.780365px;\">(167) <span class=\"_ _115\"> </span>(87) <span class=\"_ _33\"> </span>(16) <span class=\"_ _f7\"> </span>- </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:64.372375px;\">Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia<span class=\"_ _3\"></span> </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:340.0749px; bottom:64.84036px;\">(3 121)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:398.41827px; bottom:64.372375px;\">(736) <span class=\"_ _115\"> </span>(18) <span class=\"_ _33\"> </span>(15) <span class=\"_ _f7\"> </span>- </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:45.964386px;\">Pozosta\u0142e zobowi\u0105zania<span class=\"_ _3\"></span> finansowe </div><div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:348.03027px; bottom:46.432373px;\">(177)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:404.51474px; bottom:45.964386px;\">(41) <span class=\"_ _f9\"> </span>(3) <span class=\"_ _f7\"> </span>- <span class=\"_ _f7\"> </span>- </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:30.676392px;\">* </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.782753px; bottom:26.776367px;\">W <span class=\"_ _0\"> </span>pozycji<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>poch<span class=\"_ _2\"></span>odne <span class=\"_ _0\"> </span>instrume<span class=\"_ _2\"></span>nty <span class=\"_ _0\"> </span>finansowe<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>w <span class=\"_ _0\"> </span>ko<span class=\"_ _2\"></span>lumnie <span class=\"_ _0\"> </span>\u201emln <span class=\"_ _1\"> </span>USD\u201d <span class=\"_ _0\"></span>zaprezentow<span class=\"_ _2\"></span>ane <span class=\"_ _0\"> </span>s\u0105 <span class=\"_ _0\"> </span>tr<span class=\"_ _2\"></span>ansakcje <span class=\"_ _0\"> </span>n<span class=\"_ _2\"></span>a <span class=\"_ _0\"> </span>rynku <span class=\"_ _0\"> </span>m<span class=\"_ _2\"></span>etali, <span class=\"_ _0\"></span>kt\u00f3re <span class=\"_ _0\"> </span>s\u0105<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>wyceni<span class=\"_ _2\"></span>ane </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.782753px; bottom:14.452393px;\">w USD <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>prz<span class=\"_ _2\"></span>eliczane<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>PLN <span class=\"_ _53\"></span>po <span class=\"_ _2\"></span>kursi<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>dnia <span class=\"_ _53\"></span>ko\u0144cz\u0105cego<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>okre<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>sp<span class=\"_ _2\"></span>rawozdawczy, <span class=\"_ _53\"></span>natomi<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span>ko<span class=\"_ _2\"></span>lumna <span class=\"_ _53\"></span>\u201erazem <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PL<span class=\"_ _2\"></span>N\u201d <span class=\"_ _2\"></span>uwzgl\u0119<span class=\"_ _2\"></span>dnia <span class=\"_ _53\"></span>r\u00f3wnie\u017c </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.782753px; bottom:1.9723816px;\">warto\u015b\u0107 god<span class=\"_ _2\"></span>ziw\u0105 ins<span class=\"_ _2\"></span>trument\u00f3w po<span class=\"_ _2\"></span>chodnych wyceni<span class=\"_ _2\"></span>anych wy\u0142\u0105czn<span class=\"_ _2\"></span>ie w PLN.<span class=\"ff2\"> </span></div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:558.9088px;\">Analiza wra\u017cli<span class=\"_ _3\"></span>wo\u015bci Grupy Kap<span class=\"_ _3\"></span>ita\u0142owej na ryzy<span class=\"_ _3\"></span>ko zmian kurs<span class=\"_ _3\"></span>\u00f3w walutowych w<span class=\"_ _3\"></span> 2022 r. i <span class=\"_ _3\"></span>2021 r.<span class=\"ff2 fc0\"> </span></div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:204.36118px; bottom:534.10486px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:199.069px; bottom:521.7808px;\">nara\u017cona </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:197.3529px; bottom:509.30084px;\">na ryzyko</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:278.941px; bottom:534.10486px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:269.113px; bottom:521.7808px;\">bilansowa </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:268.0085px; bottom:509.30084px;\">31.12.2022</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:383.60498px; bottom:537.22485px;\">Zmiana kursu USD<span class=\"_ _2\"></span>/PLN </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:556.7651px; bottom:537.22485px;\">Zmiana kursu EU<span class=\"_ _2\"></span>R/PLN </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:691.5485px; bottom:537.22485px;\">Zmiana kursu CAD/<span class=\"_ _2\"></span>PLN </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:181.129px; bottom:523.65283px;\"> <span class=\"_ _7\"> </span>5,03 (+14%) <span class=\"_ _e5\"> </span>3,91 (-11%) <span class=\"_ _120\"> </span> <span class=\"_ _65\"> </span>5,18 (+10%)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:621.50507px; bottom:523.65283px;\">4,48 (-5%)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:674.077px; bottom:523.65283px;\"> <span class=\"_ _56\"> </span>3,<span class=\"_ _2\"></span>68 (+13%) <span class=\"_ _6b\"> </span>2,88 (-11%) <span class=\"_ _6c\"> </span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:17.875px; bottom:503.52887px;\">Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:17.875px; bottom:491.20483px;\">finansowe na dzie<span class=\"_ _2\"></span>\u0144 31.12.2022<span class=\"_ _2\"></span> </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:362.2448px; bottom:501.50085px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:344.44913px; bottom:490.89282px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:402.4811px; bottom:512.1088px;\">pozosta\u0142e </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:403.8851px; bottom:501.50085px;\">ca\u0142kowite </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:406.393px; bottom:490.89282px;\">dochody<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:472.52454px; bottom:501.50085px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:457.24902px; bottom:490.89282px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:512.1088px;\">pozosta\u0142e<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:501.7088px; bottom:501.50085px;\">ca\u0142kowite </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:505.14075px; bottom:490.89282px;\">dochody<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:588.6007px; bottom:501.50085px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:572.05304px; bottom:490.89282px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:643.969px; bottom:501.50085px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:627.44525px; bottom:490.89282px;\">finansowy </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:501.50085px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:702.00116px; bottom:490.89282px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:782.18506px; bottom:501.50085px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:765.337px; bottom:490.89282px;\">finansowy<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> <span class=\"_ _c7\"> </span> <span class=\"_ _e8\"> </span> </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:476.38483px;\">Udzia\u0142y i akcje<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:232.453px; bottom:476.38483px;\">4 <span class=\"_ _142\"> </span>521 </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:378.93683px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:476.38483px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:460.94086px;\">Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w  </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:222.93689px; bottom:460.94086px;\">776 <span class=\"_ _de\"> </span>1 17<span class=\"_ _3\"></span>8 </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:371.43652px; bottom:460.94086px;\">88</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:460.94086px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:460.94086px;\">(68)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:460.94086px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:460.94086px;\">15</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:654.73303px; bottom:460.94086px;\">(6)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:460.94086px;\">2</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:460.94086px;\">(2)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:445.4969px;\">\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:222.93689px; bottom:445.4969px;\">868 <span class=\"_ _de\"> </span>1 20<span class=\"_ _3\"></span>0 </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:365.98883px; bottom:445.4969px;\">102</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:445.4969px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:445.4969px;\">(79)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:445.4969px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:445.4969px;\">10</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:654.73303px; bottom:445.4969px;\">(4)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:445.4969px;\">7</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:445.4969px;\">(6)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:431.30084px;\">D\u0142ugoterminowe<span class=\"_ _2\"></span> po\u017cyczki udzie<span class=\"_ _2\"></span>lone </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:418.97687px;\">na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:215.29288px; bottom:425.06085px;\">9 603 <span class=\"_ _dc\"> </span>9 603<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:359.11313px; bottom:425.06085px;\">1 372</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:425.06085px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:465.6728px; bottom:425.06085px;\">(1 065)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:425.06085px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:425.06085px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:425.06085px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:425.06085px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:425.06085px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:404.62488px;\">Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe  </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:222.93689px; bottom:404.62488px;\">234 <span class=\"_ _142\"> </span>890 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">28</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:404.62488px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:404.62488px;\">(21)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:404.62488px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:404.62488px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:404.62488px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:404.62488px;\">5</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:404.62488px;\">(4)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:389.33688px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:222.93689px; bottom:389.33688px;\">357 <span class=\"_ _142\"> </span>357 </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:371.43652px; bottom:390.2729px;\">(3)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:409.5011px; bottom:390.2729px;\">(1 197)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:482.8205px; bottom:390.2729px;\">(6)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:513.56476px; bottom:390.2729px;\">1 193</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:389.33688px;\">(2)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:659.101px; bottom:389.33688px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:389.33688px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:389.33688px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:374.9849px;\">Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w <span class=\"_ _2\"></span> </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:362.6609px;\">i podobne </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:209.50919px; bottom:368.9009px;\">(1 063) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>3 280) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(96)</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:368.9009px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:482.8205px; bottom:368.9009px;\">75</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:368.9009px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:594.37274px; bottom:368.9009px;\">(37)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:654.73303px; bottom:368.9009px;\">16</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:728.833px; bottom:368.9009px;\">(5)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:798.2529px; bottom:368.9009px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:348.4649px;\">Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> zad\u0142u\u017cenia<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:209.50919px; bottom:348.4649px;\">(3 578) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>6 443) <span class=\"_ _62\"> </span> <span class=\"_ _130\"> </span><span class=\"ff2\">(499)</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:348.4649px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:348.4649px;\">387</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:348.4649px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:348.4649px;\">(5)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:659.101px; bottom:348.4649px;\">2</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:728.833px; bottom:348.4649px;\">(5)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:798.2529px; bottom:348.4649px;\">5</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:333.0209px;\">Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:221.83319px; bottom:333.0209px;\">(49) <span class=\"_ _e5\"> </span>(211) <span class=\"_ _62\"> </span> <span class=\"_ _143\"> </span><span class=\"ff2\">(6)</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:333.0209px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:488.6048px; bottom:333.0209px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:333.0209px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:333.0209px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:333.0209px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:333.0209px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:333.0209px;\">-</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:193.453px; bottom:316.9529px;\">Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:367.861px; bottom:316.9529px;\">986</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:316.9529px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:473.77252px; bottom:316.9529px;\">(773)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:534.1451px; bottom:316.9529px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:594.37274px; bottom:316.9529px;\">(20)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:660.349px; bottom:316.9529px;\">9</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:316.9529px;\">4</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:316.9529px;\">(3)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:138.385px; bottom:301.5089px;\">Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:409.5011px; bottom:301.5089px;\">(1 197)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:514.9574px; bottom:301.5089px;\">1 193</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:608.257px; bottom:301.5089px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:663.4685px; bottom:301.5089px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:736.633px; bottom:301.5089px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:301.5089px;\">-</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:204.36118px; bottom:260.48093px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:199.069px; bottom:248.15695px;\">nara\u017cona </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:197.3529px; bottom:235.67694px;\">na ryzyko</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:278.941px; bottom:260.48093px;\">Warto\u015b\u0107 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:269.113px; bottom:248.15695px;\">bilansowa </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:268.0085px; bottom:235.67694px;\">31.12.2021</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:383.60498px; bottom:263.60095px;\">Zmiana kursu USD<span class=\"_ _2\"></span>/PLN </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:556.7651px; bottom:263.60095px;\">Zmiana kursu EU<span class=\"_ _2\"></span>R/PLN </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:691.5485px; bottom:263.60095px;\">Zmiana kursu CAD/<span class=\"_ _2\"></span>PLN </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:811.0445px; bottom:264.69293px;\"> <span class=\"_ _5b\"> </span>Zmiana kursu <span class=\"_ _2\"></span>GBP/PLN<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:181.129px; bottom:250.18494px;\"> <span class=\"_ _7\"> </span>4,57 (+13%) <span class=\"_ _e5\"> </span>3,66 (-10%) <span class=\"_ _120\"> </span> <span class=\"_ _144\"> </span>5,01 (+9%)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:621.50507px; bottom:250.18494px;\">4,37 (-5%)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:674.077px; bottom:250.18494px;\"> <span class=\"_ _56\"> </span>3,<span class=\"_ _2\"></span>55 (+11%) <span class=\"_ _6d\"> </span>2,90 (-9%) <span class=\"_ _35\"> </span> <span class=\"_ _60\"> </span>6,15 (+12%)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:893.2569px; bottom:250.18494px;\">4,98 (-9%)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:17.875px; bottom:230.06094px;\">Aktywa i zobowi\u0105za<span class=\"_ _2\"></span>nia </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:17.875px; bottom:217.58096px;\">finansowe na dzie<span class=\"_ _2\"></span>\u0144 31.12.2021<span class=\"_ _2\"></span> </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:362.2448px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:344.44913px; bottom:217.26895px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:402.4811px; bottom:238.48495px;\">pozosta\u0142e </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:403.8851px; bottom:227.87695px;\">ca\u0142kowite </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:406.393px; bottom:217.26895px;\">dochody<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:472.52454px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:457.24902px; bottom:217.26895px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:238.48495px;\">pozosta\u0142e<span class=\"_ _192\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:501.7088px; bottom:227.87695px;\">ca\u0142kowite </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:505.14075px; bottom:217.26895px;\">dochody<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:588.6007px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:572.05304px; bottom:217.26895px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:643.969px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:627.44525px; bottom:217.26895px;\">finansowy </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:717.91296px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:702.00116px; bottom:217.26895px;\">finansowy<span class=\"ff1\"> </span></div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:782.18506px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:765.337px; bottom:217.26895px;\">finansowy<span class=\"ff1\"> <span class=\"_ _62\"> </span></span> </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:855.81714px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:839.12494px; bottom:217.26895px;\">finansowy </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:227.87695px;\">wynik </div><div class=\"t m15 h6 ff2 fs4 fc2 sc0 ls0 ws0\" style=\"left:895.2849px; bottom:217.26895px;\">finansowy </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:202.76096px;\">Udzia\u0142y i akcje<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:232.453px; bottom:202.76096px;\">5 <span class=\"_ _142\"> </span>615 </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:378.93683px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:491.25677px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:202.76096px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:202.76096px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:187.31696px;\">Nale\u017cno\u015bci od<span class=\"_ _2\"></span> odbiorc\u00f3w  </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:221.83319px; bottom:187.31696px;\">515 <span class=\"_ _de\"> </span>1 02<span class=\"_ _3\"></span>6 </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:371.43652px; bottom:187.31696px;\">41</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:187.31696px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:187.31696px;\">(32)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:187.31696px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:187.31696px;\">12</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:654.73303px; bottom:187.31696px;\">(7)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:187.31696px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:187.31696px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:871.1045px; bottom:187.31696px;\">5</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:921.4929px; bottom:187.31696px;\">(4)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:171.87299px;\">\u015arodki pien<span class=\"_ _2\"></span>i\u0119\u017cne i ekwiwalenty </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:215.29288px; bottom:171.87299px;\">1 558 <span class=\"_ _dc\"> </span>1 904<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:365.98883px; bottom:171.87299px;\">175</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:171.87299px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:472.52454px; bottom:171.87299px;\">(138)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:171.87299px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:604.6687px; bottom:171.87299px;\">8</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:654.73303px; bottom:171.87299px;\">(4)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:171.87299px;\">8</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:171.87299px;\">(7)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:871.1045px; bottom:171.87299px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:921.4929px; bottom:171.87299px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:157.67697px;\">D\u0142ugoterminowe<span class=\"_ _2\"></span> po\u017cyczki udzie<span class=\"_ _2\"></span>lone </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:145.35298px;\">na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:215.29288px; bottom:151.43698px;\">7 867 <span class=\"_ _136\"> </span>7 867</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:365.98883px; bottom:151.43698px;\">997</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:472.52454px; bottom:151.43698px;\">(782)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:151.43698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:132.249px;\">Kr\u00f3tkotermi<span class=\"_ _2\"></span>nowe po\u017cyczki udzielon<span class=\"_ _2\"></span>e </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:119.92499px;\">na rzecz wsp\u00f3lnyc<span class=\"_ _2\"></span>h przedsi<span class=\"_ _2\"></span>\u0119wzi\u0119\u0107 </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:221.83319px; bottom:126.00899px;\">447 <span class=\"_ _142\"> </span>447 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">57</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:126.00899px;\">(44)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:126.00899px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:105.573px;\">Pozosta\u0142e aktywa fi<span class=\"_ _2\"></span>nansowe  </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:221.83319px; bottom:105.573px;\">150 <span class=\"_ _142\"> </span>671 <span class=\"_ _62\"> </span> <span class=\"_ _f7\"> </span><span class=\"ff2\">14</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:105.573px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:105.573px;\">(11)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:105.573px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:606.853px; bottom:105.573px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:661.4405px; bottom:105.573px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:105.573px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:105.573px;\">(3)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:105.573px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:105.573px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:89.97301px;\">Pochodne i<span class=\"_ _2\"></span>nstrumenty finans<span class=\"_ _2\"></span>owe </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:209.50919px; bottom:89.97301px;\">(1 174) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>1 174) </div><div class=\"t m21 h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:371.43652px; bottom:90.597px;\">10<span class=\"_ _192\"> </span></div><div class=\"t m21 h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:415.9088px; bottom:90.597px;\">(646)<span class=\"_ _192\"> </span></div><div class=\"t m21 h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:488.6048px; bottom:90.597px;\">2<span class=\"_ _192\"> </span></div><div class=\"t m21 h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:519.025px; bottom:90.597px;\">527<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:89.97301px;\">(7)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:659.101px; bottom:89.97301px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:89.97301px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:89.97301px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:89.97301px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:89.97301px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:75.46501px;\">Zobowi\u0105zania wob<span class=\"_ _2\"></span>ec dostawc\u00f3w <span class=\"_ _2\"></span> </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:63.14102px;\">i podobne </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:209.50919px; bottom:69.22502px;\">(1 132) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>3 201) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(86)</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:69.22502px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:482.8205px; bottom:69.22502px;\">67</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:69.22502px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:594.37274px; bottom:69.22502px;\">(36)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:654.73303px; bottom:69.22502px;\">20</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:728.833px; bottom:69.22502px;\">(6)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:798.2529px; bottom:69.22502px;\">5</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:69.22502px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:69.22502px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:48.945023px;\">Zobowi\u0105zania z tytu\u0142u<span class=\"_ _2\"></span> zad\u0142u\u017cenia<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:209.50919px; bottom:48.945023px;\">(3 121) <span class=\"_ _10b\"> </span>(<span class=\"_ _2\"></span>5 949) <span class=\"_ _62\"> </span> <span class=\"_ _130\"> </span><span class=\"ff2\">(379)</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:48.945023px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:479.24475px; bottom:48.945023px;\">297</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:48.945023px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:48.945023px;\">(7)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:659.101px; bottom:48.945023px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:728.833px; bottom:48.945023px;\">(6)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:798.2529px; bottom:48.945023px;\">4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:48.945023px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:48.945023px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:33.501022px;\">Pozosta\u0142e zobowi\u0105z<span class=\"_ _2\"></span>ania finansowe<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:217.32101px; bottom:33.501022px;\">(177) <span class=\"_ _e5\"> </span>(479) <span class=\"_ _62\"> </span> <span class=\"_ _7f\"> </span><span class=\"ff2\">(21)</span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:33.501022px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:482.8205px; bottom:33.501022px;\">16</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:532.90875px; bottom:33.501022px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:33.501022px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:659.101px; bottom:33.501022px;\">1</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:33.501022px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:33.501022px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:873.7569px; bottom:33.501022px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:33.501022px;\">-</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:193.453px; bottom:17.433037px;\">Wp\u0142yw na wynik <span class=\"_ _2\"></span>finansowy </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:367.861px; bottom:17.433037px;\">808</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:435.565px; bottom:17.433037px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:473.77252px; bottom:17.433037px;\">(625)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:534.1451px; bottom:17.433037px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:594.37274px; bottom:17.433037px;\">(31)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:654.73303px; bottom:17.433037px;\">18</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:734.761px; bottom:17.433037px;\">2</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:792.63696px; bottom:17.433037px;\">(2)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:872.6649px; bottom:17.433037px;\">6</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:921.4929px; bottom:17.433037px;\">(5)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:138.385px; bottom:1.9890442px;\">Wp\u0142yw na pozos<span class=\"_ _2\"></span>ta\u0142e ca\u0142kowite doc<span class=\"_ _2\"></span>hody </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:417.0008px; bottom:1.9890442px;\">(646)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:522.4568px; bottom:1.9890442px;\">527</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:608.257px; bottom:1.9890442px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:663.4685px; bottom:1.9890442px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:736.633px; bottom:1.9890442px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:801.061px; bottom:1.9890442px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:875.78485px; bottom:1.9890442px;\">-</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:930.0725px; bottom:1.9890442px;\">-</div>Nota 7.5.1.4 Ryzy<span class=\"_ _3\"></span>ko zmian st\u00f3p <span class=\"_ _3\"></span>procentowych Na <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>st\u00f3p <span class=\"_ _53\"></span>pro<span class=\"_ _2\"></span>centowych <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _53\"></span>nara\u017cona <span class=\"_ _53\"></span>by\u0142a <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>udzielo<span class=\"_ _2\"></span>nymi <span class=\"_ _53\"></span>po\u017cyczkami <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rzecz <span class=\"_ _53\"></span>wsp\u00f3lnego przedsi\u0119wzi\u0119cia, <span class=\"_ _53\"></span>lokowaniem <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych, <span class=\"_ _0\"></span>programem <span class=\"_ _53\"></span>faktoringu <span class=\"_ _0\"></span>d\u0142u\u017cnego <span class=\"_ _0\"></span>oraz <span class=\"_ _53\"></span>korzystaniem <span class=\"_ _0\"></span>z zewn\u0119trznyc<span class=\"_ _3\"></span>h \u017ar\u00f3de\u0142 finansowania.<span class=\"_ _3\"></span> Pozycje oprocentowane wed\u0142u<span class=\"_ _3\"></span>g stopy zmiennej nara\u017caj\u0105 Grup\u0119 na ryzyko zmiany przep\u0142yw\u00f3w pieni\u0119\u017cn<span class=\"_ _3\"></span>ych z danej <span class=\"_ _2\"></span>pozycji<span class=\"_ _3\"></span> w  wyniku<span class=\"_ _3\"></span>  zmian<span class=\"_ _3\"></span>y  st<span class=\"_ _3\"></span>\u00f3p  proc<span class=\"_ _3\"></span>entowych  (t<span class=\"_ _3\"></span>j.  wp<span class=\"_ _3\"></span>\u0142ywaj\u0105  na <span class=\"_ _74\"> </span>wysoko\u015b\u0107 <span class=\"_ _74\"> </span>koszt\u00f3w  lub <span class=\"_ _74\"> </span>przychod\u00f3w <span class=\"_ _74\"> </span>odsetkowych <span class=\"_ _74\"> </span>ujmowanych w wyniku <span class=\"_ _2\"></span>finansowym). <span class=\"_ _53\"></span>Pozycje <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>procentowane <span class=\"_ _2\"></span>wed\u0142ug <span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>opy <span class=\"_ _2\"></span>sta\u0142ej <span class=\"_ _53\"></span>nara\u017caj\u0105 <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>zmiany <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>dziwej<span class=\"_ _3\"></span> danej pozycji, z wy\u0142\u0105czeniem pozycji wycenia<span class=\"_ _3\"></span>nych wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu, dla kt\u00f3rych zmiana warto\u015bci godziw<span class=\"_ _3\"></span>ej nie wp\u0142ywa na ich <span class=\"_ _3\"></span>wycen\u0119 oraz na <span class=\"_ _3\"></span>wynik finansowy.<span class=\"fc10\"> </span>Poni\u017cej przedstawi<span class=\"_ _3\"></span>ono g\u0142\u00f3wne pozycje, <span class=\"_ _3\"></span>kt\u00f3re nara\u017cone s\u0105 na r<span class=\"_ _3\"></span>yzyko st\u00f3p procen<span class=\"_ _3\"></span>towych. Stan na 31.12.20<span class=\"_ _3\"></span>22 Stan na 31.12.20<span class=\"_ _3\"></span>21 Ryzyko przep\u0142yw\u00f3w pieni\u0119\u017cnych<span class=\"_ _192\"> </span>Ryzyko warto\u015bci godziwej<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>Ryzyko przep\u0142yw\u00f3w pieni\u0119\u017cnych<span class=\"_ _192\"> </span>Ryzyko warto\u015bci godziwej<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>\u015arodki pieni\u0119\u017cne<span class=\"_ _3\"></span> 1 200<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>1 200<span class=\"_ _192\"> </span>2 333<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>2 333<span class=\"_ _192\"> </span>Po\u017cyczki udzielone<span class=\"_ _3\"></span> -<span class=\"_ _192\"> </span>20<span class=\"_ _192\"> </span>20<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>22<span class=\"_ _192\"> </span>22<span class=\"_ _192\"> </span>Nota 7.1 Zobowi\u0105zania z <span class=\"_ _3\"></span>tytu\u0142u zad\u0142u\u017cenia (2 656)<span class=\"_ _192\"> </span>(3 787)<span class=\"_ _192\"> </span>(6 443)<span class=\"_ _192\"> </span>(2 153)<span class=\"_ _192\"> </span>(3 796)<span class=\"_ _192\"> </span>(5 949)<span class=\"_ _192\"> </span>Zobowi\u0105zania podobne* (18)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(18)<span class=\"_ _192\"> </span>(55)<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(55)<span class=\"_ _192\"> </span>* W <span class=\"_ _1\"> </span>celu <span class=\"_ _1\"> </span>efektywn<span class=\"_ _2\"></span>ego <span class=\"_ _1\"> </span>zarz\u0105dzania <span class=\"_ _1\"> </span>kap<span class=\"_ _2\"></span>ita\u0142em <span class=\"_ _1\"> </span>obroto<span class=\"_ _2\"></span>wym <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>terminowej <span class=\"_ _1\"> </span>realizacji<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>wzajemnych <span class=\"_ _1\"> </span>zobow<span class=\"_ _2\"></span>i\u0105za\u0144 <span class=\"_ _1\"> </span>wynikaj\u0105cych <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>bowi\u0105zuj\u0105cych um\u00f3w <span class=\"_ _57\"> </span>z <span class=\"_ _57\"> </span>dostawcami, <span class=\"_ _57\"> </span>Grupa <span class=\"_ _57\"> </span>realizowa\u0142a <span class=\"_ _57\"> </span>umowy <span class=\"_ _57\"> </span>o \u015bwiadczenie <span class=\"_ _57\"> </span>us\u0142ug <span class=\"_ _146\"> </span>faktoringu <span class=\"_ _146\"> </span>d\u0142u<span class=\"_ _2\"></span>\u017cnego. <span class=\"_ _146\"> </span>W <span class=\"_ _146\"> </span>zw<span class=\"_ _2\"></span>i\u0105zku <span class=\"_ _146\"> </span>z <span class=\"_ _146\"> </span>p<span class=\"_ _2\"></span>owy\u017cszym <span class=\"_ _146\"> </span>dla<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>cz\u0119\u015bci <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>rtfela zobow<span class=\"_ _2\"></span>i\u0105za\u0144  wobe<span class=\"_ _2\"></span>c  dostawc\u00f3<span class=\"_ _2\"></span>w  uzgodnio<span class=\"_ _2\"></span>no  wyd\u0142u\u017c<span class=\"_ _2\"></span>enie  termin<span class=\"_ _2\"></span>\u00f3w  sp\u0142a<span class=\"_ _2\"></span>ty  zobowi\u0105za<span class=\"_ _2\"></span>\u0144  za  d<span class=\"_ _2\"></span>odatkowym <span class=\"_ _146\"> </span>wynagrodzeniem<span class=\"_ _2\"></span>  w  formi<span class=\"_ _2\"></span>e  odsete<span class=\"_ _2\"></span>k. Odsetki <span class=\"_ _57\"> </span>wyznacza<span class=\"_ _2\"></span>ne <span class=\"_ _146\"> </span>s\u0105 <span class=\"_ _57\"> </span>wed\u0142ug <span class=\"_ _57\"> </span>stopy <span class=\"_ _146\"> </span>zmie<span class=\"_ _2\"></span>nnej, <span class=\"_ _57\"> </span>w <span class=\"_ _146\"> </span>oparciu<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>o sta\u0142<span class=\"_ _2\"></span>\u0105 <span class=\"_ _146\"> </span>mar\u017c\u0119 <span class=\"_ _146\"> </span>pow<span class=\"_ _2\"></span>i\u0119kszon\u0105<span class=\"_ _2\"></span> <span class=\"_ _146\"> </span>o <span class=\"_ _146\"> </span>okre<span class=\"_ _2\"></span>\u015blony <span class=\"_ _146\"> </span>wska\u017an<span class=\"_ _2\"></span>ik <span class=\"_ _146\"> </span>referen<span class=\"_ _2\"></span>cyjny <span class=\"_ _146\"> </span>u<span class=\"_ _2\"></span>stalony <span class=\"_ _146\"> </span>d<span class=\"_ _2\"></span>la poszcze<span class=\"_ _2\"></span>g\u00f3lnych walu<span class=\"_ _2\"></span>t. Szczeg\u00f3\u0142y do<span class=\"_ _2\"></span>tycz\u0105ce faktoringu d<span class=\"_ _2\"></span>\u0142u\u017cnego op<span class=\"_ _2\"></span>isano w Nocie 8.4.<span class=\"_ _2\"></span>1, nocie 10.3<span class=\"_ _2\"></span> oraz Nocie 10.<span class=\"_ _2\"></span>4.<span class=\"fcb\"> </span>Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Jednost<span class=\"_ _2\"></span>ka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>posiada\u0142a <span class=\"_ _2\"></span>transakcje <span class=\"_ _2\"></span>CIRS <span class=\"_ _2\"></span>(Cross <span class=\"_ _53\"></span>Currency <span class=\"_ _2\"></span>Interest <span class=\"_ _2\"></span>Rate <span class=\"_ _53\"></span>Swap <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span>swap walutowo-procent<span class=\"_ _3\"></span>owy)  z <span class=\"_ _1\"> </span>te<span class=\"_ _2\"></span>rminam<span class=\"_ _3\"></span>i  z<span class=\"_ _3\"></span>apadalno\u015bci <span class=\"_ _74\"> </span>w  czerwcu <span class=\"_ _74\"> </span>2024 <span class=\"_ _74\"> </span>r.  oraz <span class=\"_ _1\"> </span>czerwcu  202<span class=\"_ _3\"></span>9  r., <span class=\"_ _74\"> </span>dla  nomina\u0142u <span class=\"_ _74\"> </span>2 mld <span class=\"_ _74\"> </span>PLN, zabezpieczaj\u0105ce <span class=\"_ _1\"> </span>zar\u00f3wn<span class=\"_ _3\"></span>o <span class=\"_ _1\"> </span>przychody <span class=\"_ _1\"> </span>ze <span class=\"_ _74\"> </span>sprzeda\u017cy <span class=\"_ _0\"> </span>w <span class=\"_ _74\"> </span>walucie, <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>i <span class=\"_ _1\"> </span>zmienne <span class=\"_ _1\"> </span>oprocentowanie <span class=\"_ _1\"> </span>wyemitowanych <span class=\"_ _0\"></span>obligacji. Pozycj\u0119 zabezpi<span class=\"_ _3\"></span>eczaj\u0105c\u0105 otwart\u0105 na<span class=\"_ _3\"></span> dzie\u0144 31 grudnia <span class=\"_ _3\"></span>2022 r. oraz 31 <span class=\"_ _3\"></span>grudnia 2021 r. <span class=\"_ _3\"></span>prezentuje tabela w Nocie 7.5.1.3.<span class=\"_ _3\"></span> Poni\u017csza <span class=\"_ _74\"> </span>t<span class=\"_ _2\"></span>abela <span class=\"_ _58\"> </span>prezentuje <span class=\"_ _74\"> </span>analiz\u0119  wr<span class=\"_ _3\"></span>a\u017cliwo\u015bci  Gr<span class=\"_ _3\"></span>upy  Kapi<span class=\"_ _3\"></span>ta\u0142owej  na <span class=\"_ _74\"> </span>ryzyko  zmiany <span class=\"_ _74\"> </span>st\u00f3p <span class=\"_ _74\"> </span>procentowych,  zak<span class=\"_ _3\"></span>\u0142adaj\u0105c\u0105 zmiany <span class=\"_ _5a\"> </span>st\u00f3p <span class=\"_ _54\"> </span>procentowych <span class=\"_ _5a\"> </span>dla <span class=\"_ _54\"> </span>pozycji <span class=\"_ _5a\"> </span>bilansowych <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>PLN, <span class=\"_ _54\"> </span>USD <span class=\"_ _54\"> </span>i <span class=\"_ _5a\"> </span>EUR <span class=\"_ _54\"> </span>(p<span class=\"_ _3\"></span>odane <span class=\"_ _54\"> </span>w <span class=\"_ _5a\"> </span>punktach <span class=\"_ _54\"> </span>bazowych <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _54\"> </span>pb).<span class=\"_ _3\"></span> Do wyznaczenia <span class=\"_ _74\"> </span>zakresu  potencja<span class=\"_ _3\"></span>lnych  zmian <span class=\"_ _74\"> </span>st\u00f3p  procent<span class=\"_ _3\"></span>owych  zastosowan<span class=\"_ _3\"></span>o  metod<span class=\"_ _3\"></span>\u0119  eksper<span class=\"_ _3\"></span>ck\u0105  z <span class=\"_ _74\"> </span>uwzgl\u0119dnieniem wskaza\u0144 modelu AR<span class=\"_ _3\"></span>MA. 31.12.2022<span class=\"_ _3\"></span> zmiana st\u00f3<span class=\"_ _3\"></span>p procentowyc<span class=\"_ _3\"></span>h 31.12.2021<span class=\"_ _3\"></span> zmiana st\u00f3<span class=\"_ _3\"></span>p procentowyc<span class=\"_ _3\"></span>h +150 pb (PLN, USD, E<span class=\"_ _3\"></span>UR) -100 pb  (PLN, USD, E<span class=\"_ _3\"></span>UR) +250 pb (P<span class=\"_ _3\"></span>LN)  +150 pb (U<span class=\"_ _3\"></span>SD, EUR)-100 pb (P<span class=\"_ _3\"></span>LN)  -50 pb (US<span class=\"_ _3\"></span>D, EUR) wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>wynik finansowy<span class=\"_ _192\"> </span>pozosta\u0142e ca\u0142kowite dochody<span class=\"_ _192\"> </span>\u015arodki pieni\u0119<span class=\"_ _3\"></span>\u017cne <span class=\"_ _7b\"> </span> 18-(12)-32-(11)-Zobowi\u0105zanie <span class=\"_ _3\"></span>z tytu\u0142u zad\u0142u<span class=\"_ _3\"></span>\u017cenia (40)-27-(54)-21-Pochodne i<span class=\"_ _3\"></span>nstrumenty finansowe <span class=\"_ _3\"></span>\u2013 stopa proce<span class=\"_ _3\"></span>ntowa -<span class=\"_ _192\"> </span>134<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>(97)<span class=\"_ _192\"> </span>-186-(66)Zobowi\u0105zania <span class=\"_ _3\"></span>podobne<span class=\"ff1 fc2\"> </span>--------Wp\u0142yw na <span class=\"_ _3\"></span>wynik finansow<span class=\"_ _3\"></span>y (22)-15-(22)-10-Wp\u0142yw na p<span class=\"_ _3\"></span>ozosta\u0142e ca\u0142<span class=\"_ _3\"></span>kowite dochody<span class=\"_ _3\"></span> 134(97)-186-(66)Wp\u0142yw refor<span class=\"_ _3\"></span>my stawek <span class=\"_ _3\"></span>referencyjnyc<span class=\"_ _3\"></span>hGrupa <span class=\"_ _54\"> </span>korzysta <span class=\"_ _54\"> </span>z <span class=\"_ _54\"> </span>instrum<span class=\"_ _3\"></span>ent\u00f3w <span class=\"_ _54\"> </span>finansowych <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>partych <span class=\"_ _54\"> </span>o <span class=\"_ _54\"> </span>zmienne <span class=\"_ _54\"> </span>stopy <span class=\"_ _54\"> </span>pro<span class=\"_ _3\"></span>centowe, <span class=\"_ _54\"> </span>kt\u00f3re <span class=\"_ _54\"> </span>podlegaj\u0105 <span class=\"_ _54\"> </span>ref<span class=\"_ _3\"></span>ormie wska\u017anik\u00f3w referencyjnych. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>wyniku reformy <span class=\"_ _2\"></span>zaprzestano <span class=\"_ _2\"></span>publika<span class=\"_ _3\"></span>cji <span class=\"_ _2\"></span>cz\u0119\u015bci <span class=\"_ _2\"></span>stawek <span class=\"_ _2\"></span>IBOR <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>stycznia 2022 <span class=\"_ _2\"></span>r., <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>kolejne przestan\u0105 by\u0107 pub<span class=\"_ _3\"></span>likowane z dniem <span class=\"_ _3\"></span>30 czerwca 2023<span class=\"_ _3\"></span> r. Grupa zidentyfikowa\u0142a um<span class=\"_ _3\"></span>owy, w kt\u00f3rych znajduj\u0105 si\u0119 zapisy oparte o stawk\u0119 LIBOR i kt\u00f3re uleg<span class=\"_ _3\"></span>n\u0105 zmianie po zast\u0105pieniu stawki <span class=\"_ _53\"></span>referencyjnej. <span class=\"_ _53\"></span>S\u0105 <span class=\"_ _53\"></span>to <span class=\"_ _53\"></span>przede <span class=\"_ _53\"></span>wszystkim <span class=\"_ _53\"></span>umowy <span class=\"_ _53\"></span>fi<span class=\"_ _2\"></span>nansowa<span class=\"_ _3\"></span>nia <span class=\"_ _53\"></span>zewn\u0119trznego <span class=\"_ _53\"></span>oraz <span class=\"_ _53\"></span>umowy <span class=\"_ _53\"></span>fakto<span class=\"_ _2\"></span>ringowe. <span class=\"_ _2\"></span> W <span class=\"_ _0\"></span>2022<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r. cz\u0119\u015b\u0107 <span class=\"_ _1\"> </span>um\u00f3w <span class=\"_ _0\"></span>finansowania <span class=\"_ _0\"> </span>bilateralnego <span class=\"_ _1\"> </span>zosta\u0142a <span class=\"_ _0\"></span>aneksowana <span class=\"_ _0\"> </span>w <span class=\"_ _1\"> </span>celu <span class=\"_ _1\"> </span>wprowadzenia<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>stawki <span class=\"_ _0\"></span>SOFR <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>CME <span class=\"_ _0\"> </span>TERM <span class=\"_ _1\"> </span>SOFR. Z pozosta\u0142ymi <span class=\"_ _67\"> </span>instytucjami <span class=\"_ _67\"> </span>finansowymi <span class=\"_ _69\"> </span>prowadzone <span class=\"_ _67\"> </span>s\u0105 <span class=\"_ _69\"> </span>negocjacje <span class=\"_ _69\"> </span>maj\u0105ce <span class=\"_ _67\"> </span>na <span class=\"_ _69\"> </span>celu <span class=\"_ _69\"> </span>zast\u0105pienie <span class=\"_ _67\"> </span>stopy <span class=\"_ _69\"> </span>LIBOR alternatywnym wska\u017aniki<span class=\"_ _3\"></span>em.<span class=\"_ _192\"> </span>Dnia <span class=\"_ _74\"> </span>7 <span class=\"_ _74\"> </span>lipca <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r.  z<span class=\"_ _3\"></span>osta\u0142a <span class=\"_ _58\"> </span>przyj\u0119ta <span class=\"_ _74\"> </span>ustawa <span class=\"_ _74\"> </span>o <span class=\"_ _74\"> </span>crowdfundingu <span class=\"_ _1\"> </span>dla <span class=\"_ _74\"> </span>biznesu  i <span class=\"_ _1\"> </span>wsparciu <span class=\"_ _74\"> </span>kredytobiorc\u00f3w, <span class=\"_ _74\"> </span>kt\u00f3ra <span class=\"_ _74\"> </span>stanowi fundament <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>zmiany <span class=\"_ _0\"></span>wska\u017anika <span class=\"_ _0\"></span>WIBOR <span class=\"_ _0\"></span>oraz <span class=\"_ _1\"> </span>WIBID <span class=\"_ _1\"> </span>maj\u0105cych <span class=\"_ _0\"></span>zastosowanie <span class=\"_ _0\"></span>dla <span class=\"_ _0\"> </span>inst<span class=\"_ _2\"></span>rument\u00f3w <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span>. <span class=\"_ _0\"> </span>W <span class=\"_ _1\"> </span>nast\u0119pstwie zmian <span class=\"_ _59\"> </span>legislacyjnych <span class=\"_ _57\"> </span>we <span class=\"_ _59\"> </span>wrze\u015bniu <span class=\"_ _59\"> </span>2022 <span class=\"_ _57\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _59\"> </span>Komitet <span class=\"_ _59\"> </span>Steruj\u0105cy <span class=\"_ _57\"> </span>N<span class=\"_ _2\"></span>arodowej <span class=\"_ _59\"> </span>Grupy <span class=\"_ _57\"> </span>Roboczej <span class=\"_ _59\"> </span>ds. <span class=\"_ _59\"> </span>reformy <span class=\"_ _59\"> </span>wska\u017anik\u00f3w<span class=\"_ _3\"></span> referencyjnych <span class=\"_ _57\"> </span>wskaza\u0142 <span class=\"_ _59\"> </span>W<span class=\"_ _3\"></span>IRON <span class=\"_ _59\"> </span>jako <span class=\"_ _57\"> </span>docelowy <span class=\"_ _59\"> </span>ind<span class=\"_ _3\"></span>eks <span class=\"_ _59\"> </span>typu <span class=\"_ _57\"> </span>Risk-Free <span class=\"_ _59\"> </span>Rat<span class=\"_ _3\"></span>e <span class=\"_ _59\"> </span>(RFR) <span class=\"_ _57\"> </span>dla <span class=\"_ _59\"> </span>polski<span class=\"_ _3\"></span>ego <span class=\"_ _59\"> </span>rynku <span class=\"_ _57\"> </span>finansowego. Szczeg\u00f3\u0142y <span class=\"_ _5e\"> </span>dotycz\u0105ce <span class=\"_ _5e\"> </span>zast\u0105pienia <span class=\"_ _5e\"> </span>obowi\u0105zuj\u0105cych <span class=\"_ _5e\"> </span>wska\u017anik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _5e\"> </span>alte<span class=\"_ _2\"></span>rnatywnym <span class=\"_ _5e\"> </span>zostan\u0105<span class=\"_ _3\"></span> <span class=\"_ _67\"> </span>op<span class=\"_ _3\"></span>ublikowane <span class=\"_ _5e\"> </span>w <span class=\"_ _67\"> </span>2023<span class=\"_ _3\"></span> <span class=\"_ _5e\"> </span>r., a publikacja starych s<span class=\"_ _3\"></span>tawek WIBOR oraz<span class=\"_ _3\"></span> WIBID zako\u0144czy si\u0119 w 2<span class=\"_ _3\"></span>025 r. Do <span class=\"_ _2\"></span>2025 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>reforma <span class=\"_ _2\"></span>IBOR <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>b\u0119dzie <span class=\"_ _2\"></span>mia\u0142a <span class=\"_ _2\"></span>tak\u017ce <span class=\"_ _2\"></span>wp\u0142ywu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>stop\u0119 <span class=\"_ _2\"></span>procentow\u0105 <span class=\"_ _2\"></span>wykorzystywan\u0105 w <span class=\"_ _2\"></span>zakresie <span class=\"_ _2\"></span>inst<span class=\"_ _2\"></span>rument<span class=\"_ _3\"></span>\u00f3w pochodnych <span class=\"_ _5a\"> </span>Grupy, <span class=\"_ _54\"> </span>poniewa\u017c <span class=\"_ _5a\"> </span>zawarte <span class=\"_ _54\"> </span>transakcje <span class=\"_ _54\"> </span>CIRS <span class=\"_ _5a\"> </span>(otwarte <span class=\"_ _54\"> </span>transakcj<span class=\"_ _3\"></span>e <span class=\"_ _54\"> </span>swapa <span class=\"_ _5a\"> </span>walutowo-procentowego) <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>raz wyemitowane <span class=\"_ _1\"> </span>przez <span class=\"_ _74\"> </span>Grup\u0119 <span class=\"_ _74\"> </span>obligacje <span class=\"_ _74\"> </span>s\u0105 <span class=\"_ _74\"> </span>oparte <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>wska\u017aniku <span class=\"_ _1\"> </span>referencyjnym <span class=\"_ _74\"> </span>WIBOR. <span class=\"_ _74\"> </span>W <span class=\"_ _74\"> </span>przypadku <span class=\"_ _1\"> </span>tego  b<span class=\"_ _3\"></span>enchmarku,<span class=\"_ _3\"></span> do 2025 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>znajdujemy <span class=\"_ _2\"></span>si\u0119 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresie <span class=\"_ _2\"></span>przej\u015bciowym, <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kt\u00f3rym <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>b\u0119d\u0105 <span class=\"_ _53\"></span>wymagane dostosowania <span class=\"_ _2\"></span>dla <span class=\"_ _2\"></span>transakcji <span class=\"_ _2\"></span>zawartych przed  reform\u0105.  Po  2025  r.  reforma  IBOR  mo\u017ce  mie\u0107  wp\u0142yw  na  zabezpieczenie  przep\u0142yw\u00f3w<span class=\"_ _3\"></span>  pieni\u0119\u017cnych  zmiennych<span class=\"_ _3\"></span> odsetek <span class=\"_ _2\"></span>od <span class=\"_ _2\"></span>wyemitowanych obligacji <span class=\"_ _2\"></span>(Transza <span class=\"_ _2\"></span>B) <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>wysoko\u015bci <span class=\"_ _53\"></span>1,6 mld <span class=\"_ _2\"></span>PLN, <span class=\"_ _2\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>WIBOR <span class=\"_ _2\"></span>6M, <span class=\"_ _2\"></span>tj. <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>transakcje <span class=\"_ _2\"></span>CIRS (swap <span class=\"_ _2\"></span>walutowo-procentowy) z <span class=\"_ _53\"></span>terminem <span class=\"_ _2\"></span>realizacji <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>2029 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>Grupa <span class=\"_ _2\"></span>zastosowa\u0142a <span class=\"_ _2\"></span>tymczasowe <span class=\"_ _2\"></span>odst\u0119pstwa o<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>stosowania szczeg\u00f3lnych <span class=\"_ _53\"></span>wymog\u00f3w <span class=\"_ _2\"></span>rachunkowo\u015bci <span class=\"_ _53\"></span>zabezpiecze\u0144 <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>MSSF <span class=\"_ _2\"></span>9 <span class=\"_ _0\"></span>w <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>refo<span class=\"_ _2\"></span>rm\u0105 <span class=\"_ _53\"></span>IBOR <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>przyj\u0119\u0142a <span class=\"_ _53\"></span>za\u0142o\u017cenie, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _0\"></span>mo\u017ce<span class=\"_ _3\"></span> kontynuowa\u0107 <span class=\"_ _53\"></span>powi\u0105zania <span class=\"_ _53\"></span>zabezpieczaj\u0105ce. <span class=\"_ _53\"></span>Kwoty <span class=\"_ _0\"></span>nominalne <span class=\"_ _53\"></span>instrument\u00f3w <span class=\"_ _53\"></span>zabezpieczaj\u0105cych <span class=\"_ _53\"></span>do <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>rych <span class=\"_ _53\"></span>stosowane <span class=\"_ _53\"></span>s\u0105 te odst\u0119pstwa ujawn<span class=\"_ _3\"></span>ione s\u0105 w tabeli p<span class=\"_ _3\"></span>oni\u017cej.<span class=\"_ _192\"> </span>Na  dzie\u0144  31grudnia  2022  r. <span class=\"_ _146\"> </span>Grupa  o<span class=\"_ _2\"></span>szacowa\u0142a,  \u017ce  wp\u0142yw  reformy  IBOR  na  sprawozdanie  finansowe  Grupy  b\u0119dzie nieistotny. Na <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _53\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>posiada\u0142a <span class=\"_ _2\"></span>instrumenty <span class=\"_ _2\"></span>finansowe <span class=\"_ _2\"></span>oparte <span class=\"_ _53\"></span>na <span class=\"_ _2\"></span>zmiennych <span class=\"_ _2\"></span>stopach <span class=\"_ _2\"></span>procentowych, <span class=\"_ _2\"></span>kt\u00f3re nie zosta\u0142y jeszcz<span class=\"_ _3\"></span>e zast\u0105pione wska\u017an<span class=\"_ _3\"></span>ikami alternatywnymi.<span class=\"_ _192\"> </span>Typ instrumentu fin<span class=\"_ _3\"></span>ansowego<span class=\"fc0\"> </span>Warto\u015b\u0107 bil<span class=\"_ _3\"></span>ansowa<span class=\"_ _192\"> </span>na 31.12.2022 Kredyty USD LIBOR 1M<span class=\"_ _3\"></span> (528)<span class=\"_ _192\"> </span>WIBOR 1<span class=\"_ _192\"> </span>(63)<span class=\"_ _192\"> </span>D\u0142u\u017cne papiery wart<span class=\"_ _3\"></span>o\u015bciowe WIBOR 6M (2 002)<span class=\"_ _192\"> </span>Faktoring d\u0142u\u017cny<span class=\"_ _3\"></span><span class=\"ff1\"> </span>WIBOR 6M (18)<span class=\"_ _192\"> </span>Pochodne instrume<span class=\"_ _3\"></span>nty finansowe<span class=\"_ _192\"> </span>(CIRS na 2029<span class=\"_ _3\"></span> r., 1 600 mln<span class=\"_ _3\"></span> PLN) WIBOR 6M (198)<span class=\"_ _192\"> </span>Razem<span class=\"fc0\"> </span>(2 809)<span class=\"_ _192\"> </span><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:18.434875px; bottom:557.6588px;\">Nota 7.5.1.5 Wp<span class=\"_ _3\"></span>\u0142yw stosowani<span class=\"_ _3\"></span>a rachunkowo\u015bci <span class=\"_ _3\"></span>zabezpiecze\u0144 <span class=\"_ _3\"></span>na sprawozdanie fi<span class=\"_ _3\"></span>nansowe </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:18.434875px; bottom:529.42285px;\">Poni\u017csza <span class=\"_ _2\"></span>tabela <span class=\"_ _2\"></span>zawiera <span class=\"_ _2\"></span>informacje <span class=\"_ _53\"></span>dotycz\u0105ce zmian <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _2\"></span>instrument\u00f3w <span class=\"_ _2\"></span>oraz <span class=\"_ _2\"></span>koresponduj\u0105c<span class=\"_ _3\"></span>ych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>nimi <span class=\"_ _2\"></span>zmian <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>godziwej <span class=\"_ _2\"></span>pozycji <span class=\"_ _2\"></span>zabezpieczanych w <span class=\"_ _53\"></span>okresie <span class=\"_ _2\"></span>sprawozdawczy<span class=\"_ _3\"></span>m, </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:18.434875px; bottom:515.2268px;\">b\u0119d\u0105ce podstaw\u0105 <span class=\"_ _3\"></span>do uj\u0119cia cz<span class=\"_ _3\"></span>\u0119\u015bci efektywnej i ni<span class=\"_ _3\"></span>eefektywnej zmi<span class=\"_ _3\"></span>any warto\u015bci g<span class=\"_ _3\"></span>odziwej instrum<span class=\"_ _3\"></span>ent\u00f3w zabezpieczaj\u0105c<span class=\"_ _3\"></span>ych w latach<span class=\"_ _3\"></span> 2021-2022 <span class=\"_ _3\"></span>(bez uwzgl\u0119dniania <span class=\"_ _3\"></span>efektu podatkoweg<span class=\"_ _3\"></span>o). </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:18.434875px; bottom:493.23083px;\">W <span class=\"_ _5a\"> </span>powi\u0105zaniach <span class=\"_ _59\"> </span>zabezpieczaj\u0105<span class=\"_ _3\"></span>cych <span class=\"_ _5a\"> </span>jako <span class=\"_ _59\"> </span>instrument <span class=\"_ _5a\"> </span>zabezpie<span class=\"_ _3\"></span>czaj\u0105cy <span class=\"_ _5a\"> </span>jest <span class=\"_ _59\"> </span>wyznaczona <span class=\"_ _5a\"> </span>wy\u0142\u0105c<span class=\"_ _3\"></span>znie <span class=\"_ _5a\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>wewn\u0119trzna <span class=\"_ _5a\"> </span>opcj<span class=\"_ _3\"></span>i. <span class=\"_ _5a\"> </span>Warto\u015b\u0107 <span class=\"_ _5a\"> </span>czas<span class=\"_ _3\"></span>owa <span class=\"_ _5a\"> </span>zbiega <span class=\"_ _59\"> </span>do <span class=\"_ _5a\"> </span>zera <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>horyzoncie <span class=\"_ _5a\"> </span>powi\u0105za<span class=\"_ _3\"></span>nia </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:18.434875px; bottom:479.03485px;\">zabezpieczaj\u0105ce<span class=\"_ _3\"></span>go.  Nieefektywn<span class=\"_ _3\"></span>o\u015b\u0107 zabezpiecz<span class=\"_ _3\"></span>enia uj\u0119ta w rach<span class=\"_ _3\"></span>unku wynik\u00f3w w <span class=\"_ _3\"></span>okresach sprawozdawcz<span class=\"_ _3\"></span>ych 2021 <span class=\"_ _3\"></span>\u2013 2022 by\u0142a nieist<span class=\"_ _3\"></span>otna. </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:192.6744px; bottom:444.2469px;\"> <span class=\"_ _147\"> </span><span class=\"fc2\">Stan na 31.12.202<span class=\"_ _2\"></span>2</span></div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:419.1987px; bottom:458.44287px;\">od 01.01.2022</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:419.1987px; bottom:444.2469px;\">do 31.12.2022</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:511.55066px; bottom:458.44287px;\">od 01.01.2022</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:511.55066px; bottom:444.2469px;\">do 31.12.2022</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:690.1589px; bottom:444.2469px;\">Stan na 31.12.202<span class=\"_ _2\"></span>1</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:806.6907px; bottom:458.44287px;\">od 01.01.2021</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:806.6907px; bottom:444.2469px;\">do 31.12.2021</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:908.5586px; bottom:458.44287px;\">od 01.01.2021</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:908.5586px; bottom:444.2469px;\">do 31.12.2021</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:199.55087px; bottom:429.27087px;\">Saldo pozosta\u0142ych c<span class=\"_ _2\"></span>a\u0142kowitych doc<span class=\"_ _2\"></span>hod\u00f3w </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:224.66687px; bottom:415.0749px;\">z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia przep\u0142yw\u00f3<span class=\"_ _2\"></span>w </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:400.8789px;\">pieni\u0119\u017cnych dla powi\u0105<span class=\"_ _2\"></span>za\u0144</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:404.679px; bottom:385.2789px;\">Zmiana warto\u015bci </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:447.5904px; bottom:371.0829px;\">pozycji </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:410.61868px; bottom:356.7309px;\">zabezpieczanej </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:586.1186px; bottom:429.27087px;\">Saldo pozosta\u0142ych c<span class=\"_ _2\"></span>a\u0142kowitych doc<span class=\"_ _2\"></span>hod\u00f3w </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:611.0786px; bottom:415.0749px;\">z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia przep\u0142yw\u00f3<span class=\"_ _2\"></span>w </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:656.9304px; bottom:400.8789px;\">pieni\u0119\u017cnych dla powi\u0105<span class=\"_ _2\"></span>za\u0144</div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.014633179px; bottom:385.2789px;\">typ pow<span class=\"_ _2\"></span>i\u0105zania </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:13.130852px; bottom:371.0829px;\"> typ ryzyka  </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:23.102531px; bottom:356.7309px;\">typ instru<span class=\"_ _2\"></span>mentu \u2013 pozycji za<span class=\"_ _2\"></span>bezpieczanej</div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:231.21875px; bottom:382.7829px;\">pozostaj\u0105cych </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:217.49088px; bottom:369.6789px;\">w rachunkowo\u015bci </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:233.71475px; bottom:356.4189px;\">zabezpiecze\u0144<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:292.82703px; bottom:382.7829px;\">dla kt\u00f3rych zaprzestano </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:290.4864px; bottom:369.6789px;\">stosowa\u0107 rachunkowo\u015b\u0107 </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:334.3224px; bottom:356.4189px;\">zabezpiecze\u0144<span class=\"_ _192\"> </span></div><div class=\"c w10c h16\" style=\"left:501.24237px; bottom:382.62677px;\"><div class=\"t me x10 h5 y8ef ff1 fs3 fc2 sc0 ls0 ws0\">Zmiana warto\u015bci </div></div><div class=\"c w10d h16\" style=\"left:519.03864px; bottom:368.4308px;\"><div class=\"t me x10 h5 y4a5 ff1 fs3 fc2 sc0 ls0 ws0\">instrumentu </div></div><div class=\"c w10e h16\" style=\"left:492.1944px; bottom:354.07877px;\"><div class=\"t me x10 h5 y11d5 ff1 fs3 fc2 sc0 ls0 ws0\">zabezpieczaj\u0105cego </div></div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:608.42664px; bottom:382.7829px;\">pozostaj\u0105cych </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:595.9469px; bottom:369.6789px;\">w rachunkowo\u015bci </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:611.0786px; bottom:356.4189px;\">zabezpiecze\u0144<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:679.86237px; bottom:382.7829px;\">dla kt\u00f3rych zaprzestano </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:677.5229px; bottom:369.6789px;\">stosowa\u0107 rachunkowo\u015b\u0107 </div><div class=\"t m16 h6d ff2 fs1a fc2 sc0 ls0 ws0\" style=\"left:721.82684px; bottom:356.4189px;\">zabezpiecze\u0144<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:791.71484px; bottom:385.2789px;\">Zmiana warto\u015bci </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:835.55084px; bottom:371.0829px;\">pozycji </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:799.51483px; bottom:356.7309px;\">zabezpieczanej</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:894.2067px; bottom:385.2789px;\">Zmiana warto\u015bci </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:911.6788px; bottom:371.0829px;\">instrumentu </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:885.3148px; bottom:356.7309px;\">zabezpieczaj\u0105cego</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.014633179px; bottom:340.9749px;\">Zabezpieczenie pr<span class=\"_ _2\"></span>zep\u0142yw\u00f3w pieni\u0119<span class=\"_ _2\"></span>\u017cnych<span class=\"fc0\"> </span></div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:13.130852px; bottom:325.5309px;\">Ryzyko towarowe<span class=\"_ _2\"></span> (mied\u017a) </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.010628px; bottom:310.39893px;\">Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:310.55493px;\">(21)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:373.479px; bottom:310.55493px;\">(11)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:459.60266px; bottom:310.55493px;\">(327)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:310.55493px;\">255<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:634.77893px; bottom:310.39893px;\">(1 357)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:310.39893px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:852.3988px; bottom:310.39893px;\">979</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:310.39893px;\">(981)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:295.57892px;\">warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:295.57892px;\">152<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:295.57892px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:295.57892px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:295.57892px;\">325<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:634.77893px; bottom:295.57892px;\">(1 027)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:295.57892px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:295.57892px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:295.57892px;\">(976)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:280.60294px;\">warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:265.52704px; bottom:280.75894px;\">(173)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:373.479px; bottom:280.75894px;\">(11)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:280.75894px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:555.85486px; bottom:280.75894px;\">(70)<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:642.26697px; bottom:280.60294px;\">(330)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:280.60294px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:280.60294px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:957.5424px; bottom:280.60294px;\">(5)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:13.130852px; bottom:265.47095px;\">Ryzyko towarowe<span class=\"_ _2\"></span> (srebro)<span class=\"fc0\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.010628px; bottom:250.02695px;\">Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy<span class=\"ff1\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:275.83487px; bottom:250.18295px;\">19<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:250.18295px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:469.58667px; bottom:250.18295px;\">16<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:555.85486px; bottom:250.18295px;\">(21)<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:653.3429px; bottom:250.02695px;\">92</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:763.79083px; bottom:250.02695px;\">15</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:845.5348px; bottom:250.02695px;\">(172)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:957.5424px; bottom:250.02695px;\">14</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:234.58295px;\">warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:275.83487px; bottom:234.73895px;\">30<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:234.73895px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:234.73895px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:555.85486px; bottom:234.73895px;\">(16)<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:647.2584px; bottom:234.58295px;\">163</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:763.79083px; bottom:234.58295px;\">12</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:234.58295px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:953.7933px; bottom:234.58295px;\">172</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:219.29495px;\">warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:219.29495px;\">(11)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:219.29495px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:219.29495px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:560.8349px; bottom:219.29495px;\">(5)<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:647.2584px; bottom:219.29495px;\">(71)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:769.09485px; bottom:219.29495px;\">3</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:219.29495px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:219.29495px;\">(158)</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:13.130852px; bottom:203.85095px;\">Ryzyko walutowe (U<span class=\"_ _2\"></span>SD)<span class=\"ff2 fc0\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.010628px; bottom:188.40698px;\">Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:188.56296px;\">402<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:188.56296px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:459.60266px; bottom:188.56296px;\">(183)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:188.56296px;\">403<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:653.3429px; bottom:188.40698px;\">(1)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:188.40698px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:852.3988px; bottom:188.40698px;\">115</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:188.40698px;\">(192)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:172.96298px;\">warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:173.11899px;\">193<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:173.11899px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:173.11899px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:173.11899px;\">182<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:653.3429px; bottom:172.96298px;\">23</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:172.96298px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:172.96298px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:172.96298px;\">(114)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:157.67499px;\">warto\u015b\u0107 czasowa<span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:157.67499px;\">209<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:157.67499px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:157.67499px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:157.67499px;\">221<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:647.2584px; bottom:157.67499px;\">(24)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:157.67499px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:157.67499px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:953.7933px; bottom:157.67499px;\">(78)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.010628px; bottom:142.23099px;\">Po\u017cyczki \u2013 Przych<span class=\"_ _2\"></span>ody ze sprzeda\u017cy<span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:283.79074px; bottom:142.387px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:373.479px; bottom:142.387px;\">(64)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:142.387px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:568.1664px; bottom:142.387px;\">-<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:660.0508px; bottom:142.23099px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:758.4869px; bottom:142.23099px;\">(80)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:142.23099px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:965.8108px; bottom:142.23099px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:126.78699px;\">warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:283.79074px; bottom:126.94299px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:373.479px; bottom:126.94299px;\">(64)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:126.94299px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:568.1664px; bottom:126.94299px;\">-<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:660.0508px; bottom:126.78699px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:758.4869px; bottom:126.78699px;\">(80)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:126.78699px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:965.8108px; bottom:126.78699px;\">-</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:6.5666313px; bottom:111.343px;\">Ryzyko walutowe i st<span class=\"_ _2\"></span>opy procent<span class=\"_ _2\"></span>owej </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.010628px; bottom:96.05501px;\">Opcje \u2013 Przychod<span class=\"_ _2\"></span>y ze sprzeda\u017cy </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:265.52704px; bottom:96.05501px;\">(569)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:96.05501px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:463.97064px; bottom:96.05501px;\">154<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:551.3306px; bottom:96.05501px;\">(137)<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:642.26697px; bottom:96.05501px;\">(431)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:96.05501px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:852.3988px; bottom:96.05501px;\">406</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:96.05501px;\">(371)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:80.61101px;\">warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:265.52704px; bottom:80.76701px;\">(569)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:80.76701px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:80.76701px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:551.3306px; bottom:80.76701px;\">(137)<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:642.26697px; bottom:80.61101px;\">(431)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:80.61101px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:80.61101px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:80.61101px;\">(371)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:22.010628px; bottom:65.16702px;\">Opcje \u2013 Przychod<span class=\"_ _2\"></span>y/koszty finansowe<span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:65.32301px;\">315<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:65.32301px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:459.60266px; bottom:65.32301px;\">(181)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:65.32301px;\">152<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:647.2584px; bottom:65.16702px;\">162</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:65.16702px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:845.5348px; bottom:65.16702px;\">(332)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:953.7933px; bottom:65.16702px;\">300</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:49.723022px;\">warto\u015b\u0107 wewn\u0119t<span class=\"_ _2\"></span>rzna </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:49.87903px;\">315<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:49.87903px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:49.87903px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:49.87903px;\">152<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:647.2584px; bottom:49.723022px;\">162</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:771.12286px; bottom:49.723022px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:49.723022px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:953.7933px; bottom:49.723022px;\">300</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:0.014633179px; bottom:33.65503px;\">Razem, w tym:<span class=\"_ _2\"></span> </div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:33.811035px;\">146<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:371.1504px; bottom:33.811035px;\">(75)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:458.49954px; bottom:33.811035px;\">(521)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff1 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:33.811035px;\">652<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:633.6986px; bottom:33.65503px;\">(1 535)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:757.3944px; bottom:33.65503px;\">(65)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:852.3988px; bottom:33.65503px;\">996</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:939.9148px; bottom:33.65503px;\">(1 230)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:17.743042px;\">Razem warto\u015b\u0107<span class=\"_ _2\"></span> wewn\u0119trzna </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:270.84274px; bottom:17.743042px;\">121<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:384.4107px; bottom:17.743042px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:17.743042px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:17.743042px;\">506<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:634.77893px; bottom:17.743042px;\">(1 110)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:758.4869px; bottom:17.743042px;\">(68)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:17.743042px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:17.743042px;\">(989)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:40.742836px; bottom:2.2990417px;\">Razem warto\u015b\u0107<span class=\"_ _2\"></span> czasowa </div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:275.83487px; bottom:2.45504px;\">25<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:373.479px; bottom:2.45504px;\">(75)<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:477.0749px; bottom:2.45504px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m16 h6d ff2 fs1a fc0 sc0 ls0 ws0\" style=\"left:557.5706px; bottom:2.45504px;\">146<span class=\"_ _192\"> </span></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:642.26697px; bottom:2.2990417px;\">(425)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:769.09485px; bottom:2.2990417px;\">3</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:865.0348px; bottom:2.2990417px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:948.4944px; bottom:2.2990417px;\">(241)</div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:558.12756px;\">Poni\u017csza tabela za<span class=\"_ _3\"></span>wiera informa<span class=\"_ _3\"></span>cje dotycz\u0105ce  wp\u0142<span class=\"_ _3\"></span>ywu stosowania<span class=\"_ _3\"></span> rachunkowo\u015bci zab<span class=\"_ _3\"></span>ezpiecze\u0144 na <span class=\"_ _3\"></span>rachunek wynik\u00f3w oraz<span class=\"_ _3\"></span> pozosta\u0142e ca\u0142kow<span class=\"_ _3\"></span>ite dochody (bez uw<span class=\"_ _3\"></span>zgl\u0119dniania efek<span class=\"_ _3\"></span>tu podatkow<span class=\"_ _3\"></span>ego). </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:339.46884px; bottom:525.9916px;\">od 01.01.20<span class=\"_ _3\"></span>22 do 31.12.2<span class=\"_ _3\"></span>022 </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:690.145px; bottom:525.9916px;\">od 01.01.20<span class=\"_ _3\"></span>21 do 31.12.2<span class=\"_ _3\"></span>021</div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:486.2116px;\">typ pow<span class=\"_ _2\"></span>i\u0105zania </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:17.875px; bottom:473.88763px;\"> typ ryzyka  </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:27.000961px; bottom:461.4076px;\">typ instru<span class=\"_ _2\"></span>mentu<span class=\"ff2\"> <span class=\"_ _ea\"> </span></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:288.61285px; bottom:498.53558px;\">Zyski lub (straty)<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:258.64917px; bottom:486.2116px;\">z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:273.31253px; bottom:473.88763px;\">uj\u0119te w pozosta\u0142yc<span class=\"_ _2\"></span>h </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:257.413px; bottom:461.4076px;\">ca\u0142kowitych dochod<span class=\"_ _2\"></span>ach</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:396.55252px; bottom:511.01556px;\">Kwota przeklasy<span class=\"_ _2\"></span>fikowana z pozost<span class=\"_ _2\"></span>a\u0142ych </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:386.2571px; bottom:498.53558px;\">ca\u0142kowitych dochod<span class=\"_ _2\"></span>\u00f3w do sprawoz<span class=\"_ _2\"></span>dania z </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:445.54877px; bottom:486.2116px;\">wyniku jako kor<span class=\"_ _2\"></span>ekta z tytu\u0142u </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:372.99652px; bottom:473.88763px;\">przeklasyfikowani<span class=\"_ _2\"></span>a, ze wzgl\u0119du n<span class=\"_ _2\"></span>a realizacj\u0119 </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:427.921px; bottom:461.4076px;\">pozycji zabezpiec<span class=\"_ _2\"></span>zanej w okresie</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:628.83655px; bottom:498.53558px;\">Zyski lub (straty)<span class=\"_ _2\"></span> </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:598.8967px; bottom:486.2116px;\">z tytu\u0142u zabezpiec<span class=\"_ _2\"></span>zenia</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:614.185px; bottom:473.88763px;\">uj\u0119te w pozosta\u0142yc<span class=\"_ _2\"></span>h </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:597.64874px; bottom:461.4076px;\">ca\u0142kowitych dochod<span class=\"_ _2\"></span>ach</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:811.0445px; bottom:511.01556px;\">Kwota przeklasy<span class=\"_ _2\"></span>fikowana </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:759.2525px; bottom:498.53558px;\">z pozosta\u0142ych ca\u0142kowi<span class=\"_ _2\"></span>tych dochod<span class=\"_ _2\"></span>\u00f3w </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:740.065px; bottom:486.2116px;\">do sprawozdania z<span class=\"_ _2\"></span> wyniku jako ko<span class=\"_ _2\"></span>rekta z </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:740.065px; bottom:473.88763px;\">tytu\u0142u przeklasyfikow<span class=\"_ _2\"></span>ania, ze wzgl<span class=\"_ _2\"></span>\u0119du na </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:733.3565px; bottom:461.4076px;\">realizacj\u0119 pozycj<span class=\"_ _2\"></span>i zabezpieczan<span class=\"_ _2\"></span>ej w okresie</div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:444.24762px;\">Zabezpieczenie p<span class=\"_ _3\"></span>rzep\u0142yw\u00f3w pi<span class=\"_ _3\"></span>eni\u0119\u017cnych<span class=\"fc0\"> </span></div><div class=\"c w10f h2e\" style=\"left:17.875px; bottom:424.12354px;\"><div class=\"t md x10 h8 y499 ff1 fs6 fc2 sc0 ls0 ws0\">Ryzyko towar<span class=\"_ _3\"></span>owe (mied\u017a)</div></div><div class=\"c w6d h2a\" style=\"left:27.000961px; bottom:409.45953px;\"><div class=\"t md x10 h8 y13b6 ff2 fs6 fc0 sc0 ls0 ws0\">Opcje *</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:349.297px; bottom:413.0476px;\">800</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:553.95703px; bottom:413.0476px;\">(525)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:675.94855px; bottom:413.0476px;\">(2 047)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:898.8729px; bottom:413.0476px;\">(1 903)</div><div class=\"c w110 h2e\" style=\"left:17.875px; bottom:394.63953px;\"><div class=\"t md x10 h8 y13bd ff1 fs6 fc2 sc0 ls0 ws0\">Ryzyko towar<span class=\"_ _3\"></span>owe (srebro)</div></div><div class=\"c w6d h2a\" style=\"left:17.875px; bottom:379.97552px;\"><div class=\"t md x10 h8 y18d5 ff2 fs6 fc0 sc0 ls0 ws0\">Opcje *</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:352.72852px; bottom:383.56363px;\">26</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:559.7407px; bottom:383.56363px;\">114</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:688.585px; bottom:383.56363px;\">(11)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:383.56363px;\">(30)</div><div class=\"c w111 h2e\" style=\"left:17.875px; bottom:365.15552px;\"><div class=\"t md x10 h8 y4aa ff1 fs6 fc2 sc0 ls0 ws0\">Ryzyko</div></div><div class=\"c w112 h2e\" style=\"left:57.40883px; bottom:365.15552px;\"><div class=\"t md x10 h8 y4aa ff1 fs6 fc2 sc0 ls0 ws0\">walutowe <span class=\"_ _3\"></span>(USD)</div></div><div class=\"c w6d h2a\" style=\"left:27.000961px; bottom:350.49152px;\"><div class=\"t md x10 h8 y18da ff2 fs6 fc0 sc0 ls0 ws0\">Opcje *</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:349.297px; bottom:353.92365px;\">357</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:559.7407px; bottom:353.92365px;\">(46)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:683.437px; bottom:353.92365px;\">(260)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:353.92365px;\">(72)</div><div class=\"c w113 h2a\" style=\"left:27.000961px; bottom:335.67154px;\"><div class=\"t md x10 h8 y18de ff2 fs6 fc0 sc0 ls0 ws0\">Po\u017cyczki **</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:360.21683px; bottom:339.25964px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:559.7407px; bottom:339.25964px;\">(16)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:702.00116px; bottom:339.25964px;\">-</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:339.25964px;\">(16)</div><div class=\"c w114 h2e\" style=\"left:17.875px; bottom:320.85153px;\"><div class=\"t md x10 h8 y18e1 ff1 fs6 fc2 sc0 ls0 ws0\">Ryzyko walut<span class=\"_ _3\"></span>owe i stopy proc<span class=\"_ _3\"></span>entowej </div></div><div class=\"c w104 h2a\" style=\"left:27.000961px; bottom:306.18753px;\"><div class=\"t md x10 h8 y18e3 ff2 fs6 fc0 sc0 ls0 ws0\">CIRS ***</div></div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:352.72852px; bottom:309.77567px;\">56</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:566.12506px; bottom:309.77567px;\">41</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:683.437px; bottom:309.77567px;\">(113)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:910.8849px; bottom:309.77567px;\">(43)</div><div class=\"c w6c h73\" style=\"left:4.6806564px; bottom:291.36752px;\"><div class=\"t md x10 h8 y1337 ff1 fs6 fc2 sc0 ls0 ws0\">Razem</div></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:340.561px; bottom:294.64368px;\">1 239</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:553.95703px; bottom:294.64368px;\">(432)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:675.94855px; bottom:294.64368px;\">(2 431)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:897.62494px; bottom:294.64368px;\">(2 064)</div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:280.13568px;\">Pozycja w sp<span class=\"_ _2\"></span>rawozdaniu<span class=\"_ _2\"></span> z wyniku, kt\u00f3ra zawie<span class=\"_ _2\"></span>ra korekt\u0119 z tytu\u0142<span class=\"_ _2\"></span>u przeklasyfikowa<span class=\"_ _2\"></span>nia: </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:267.03168px;\">* <span class=\"_ _14a\"> </span>przychod<span class=\"_ _2\"></span>y z um\u00f3w z klien<span class=\"_ _2\"></span>tami, pozosta\u0142e przych<span class=\"_ _2\"></span>ody i (koszty) o<span class=\"_ _2\"></span>peracyjne, </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:253.9277px;\">**  <span class=\"_ _14b\"> </span>przychod<span class=\"_ _2\"></span>y z um\u00f3w z klien<span class=\"_ _2\"></span>tami, </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:240.9797px;\">*** <span class=\"_ _65\"> </span>przychody<span class=\"_ _2\"></span> z um\u00f3w z klienta<span class=\"_ _2\"></span>mi, pozosta\u0142e przycho<span class=\"_ _2\"></span>dy i (koszty) fina<span class=\"_ _2\"></span>nsowe. </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:198.5477px;\">Poni\u017csza <span class=\"_ _53\"></span>tabela <span class=\"_ _53\"></span>zawiera <span class=\"_ _2\"></span>informacje <span class=\"_ _53\"></span>dotycz\u0105ce <span class=\"_ _53\"></span>zmian <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>zosta\u0142ych <span class=\"_ _53\"></span>ca\u0142kow<span class=\"_ _3\"></span>itych <span class=\"_ _53\"></span>dochod\u00f3w <span class=\"_ _53\"></span>(bez <span class=\"_ _2\"></span>uwzgl\u0119dnienia <span class=\"_ _53\"></span>efektu <span class=\"_ _53\"></span>podatkoweg<span class=\"_ _3\"></span>o) <span class=\"_ _53\"></span>w <span class=\"_ _0\"></span>okresi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>zwi\u0105zku <span class=\"_ _53\"></span>ze stosowaniem <span class=\"_ _53\"></span>rachunk<span class=\"_ _3\"></span>owo\u015bci </div><div class=\"t md h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.013000488px; bottom:184.50772px;\">zabezpiecze\u0144 w <span class=\"_ _3\"></span>2021 i 20<span class=\"_ _3\"></span>22 r. </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:435.565px; bottom:162.97974px;\">2022 </div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:764.0885px; bottom:162.97974px;\">2021<span class=\"ff2 fc0\"> </span></div><div class=\"c w115 h2e\" style=\"left:4.6806564px; bottom:145.03952px;\"><div class=\"t md x10 h8 y18f7 ff1 fs6 fc2 sc0 ls0 ws0\">Pozosta\u0142e ca\u0142k<span class=\"_ _3\"></span>owite dochody z<span class=\"_ _3\"></span> tytu\u0142u </div></div><div class=\"t md h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:133.96375px;\">zabezpieczeni<span class=\"_ _3\"></span>a przep\u0142yw\u00f3w pi<span class=\"_ _3\"></span>eni\u0119\u017cnych</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:329.48505px; bottom:141.60774px;\">Kwoty efektywne*</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:427.921px; bottom:141.60774px;\">Koszt zabezpiecze<span class=\"_ _2\"></span>nia**</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:567.6967px; bottom:141.60774px;\">Razem</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:652.549px; bottom:141.60774px;\">Kwoty efektywne*</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:765.337px; bottom:141.60774px;\">Koszt zabezpiecze<span class=\"_ _2\"></span>nia**</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:900.9007px; bottom:141.60774px;\">Razem</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:119.92375px;\">Pozosta\u0142e ca\u0142kow<span class=\"_ _2\"></span>ite dochody \u2013 tra<span class=\"_ _2\"></span>nsakcje zabezpiecz<span class=\"_ _2\"></span>aj\u0105ce </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:107.59975px;\">ryzyko zmian c<span class=\"_ _2\"></span>en towar\u00f3w i wal<span class=\"_ _2\"></span>utowe<span class=\"fc0\"> </span>\u2013 na 1 s<span class=\"_ _2\"></span>tycznia </div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:289.69315px; bottom:113.68375px;\"> <span class=\"_ _ca\"> </span>(1 178)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:494.37677px; bottom:113.68375px;\">(422) <span class=\"_ _143\"> </span>(1 600)</div><div class=\"t me h5 ff1 fs3 fc4 sc0 ls0 ws0\" style=\"left:603.2647px; bottom:113.68375px;\"> <span class=\"_ _be\"> </span><span class=\"fc0\">(735)</span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:831.1686px; bottom:113.68375px;\">(498) <span class=\"_ _cd\"> </span>(1 233)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:92.46776px;\">Wp\u0142yw wyceny tr<span class=\"_ _2\"></span>ansakcji zabezpiec<span class=\"_ _2\"></span>zaj\u0105cych (cz\u0119\u015b<span class=\"_ _2\"></span>\u0107 skuteczna) <span class=\"_ _13a\"> </span> <span class=\"_ _a5\"> </span>1 12<span class=\"_ _2\"></span>4</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:92.46776px;\">115 <span class=\"_ _e2\"> </span>1 239</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:703.40497px; bottom:92.46776px;\">(2 128)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:831.1686px; bottom:92.46776px;\">(303) <span class=\"_ _143\"> </span>(2 431)</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:71.56377px;\">Reklasyfikacja do r<span class=\"_ _2\"></span>achunku wynik\u00f3w <span class=\"_ _2\"></span>w zwi\u0105zku z realizacj<span class=\"_ _2\"></span>\u0105 </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:12.675003px; bottom:59.08377px;\">pozycji zabezpie<span class=\"_ _2\"></span>czanej </div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:289.69315px; bottom:65.32376px;\"> <span class=\"_ _75\"> </span>122</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:500.61676px; bottom:65.32376px;\">310 <span class=\"_ _119\"> </span>432</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:709.17694px; bottom:65.32376px;\">1 685</div><div class=\"t me h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:837.40894px; bottom:65.32376px;\">379 <span class=\"_ _3b\"> </span>2 064</div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:40.36377px;\">Pozosta\u0142e ca\u0142kow<span class=\"_ _2\"></span>ite dochody \u2013 tra<span class=\"_ _2\"></span>nsakcje zabezpiecz<span class=\"_ _2\"></span>aj\u0105ce </div><div class=\"t me h5 ff1 fs3 fc2 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:28.03978px;\">ryzyko zmian c<span class=\"_ _2\"></span>en towar\u00f3w i wal<span class=\"_ _2\"></span>utowe \u2013 na 31 grud<span class=\"_ _2\"></span>nia<span class=\"ff2 fc0\"> </span></div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:400.77682px; bottom:34.279785px;\">68</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:510.133px; bottom:34.279785px;\">3 <span class=\"_ _c9\"> </span>71</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:703.40497px; bottom:34.279785px;\">(1 178)</div><div class=\"t me h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:831.1686px; bottom:34.279785px;\">(422)<span class=\"ff2\"> <span class=\"_ _cd\"> </span></span>(1 600)</div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:14.31179px;\">* Cz\u0119\u015b\u0107 efektywn<span class=\"_ _2\"></span>ej zmiany w<span class=\"_ _2\"></span>arto\u015bci godziwe<span class=\"_ _2\"></span>j instrument\u00f3w z<span class=\"_ _2\"></span>abezpieczaj\u0105<span class=\"_ _2\"></span>cych z tytu\u0142u zabezp<span class=\"_ _2\"></span>ieczanego ryzyka - wart<span class=\"_ _2\"></span>o\u015b\u0107 wewn\u0119trzn<span class=\"_ _2\"></span>a opcji. </div><div class=\"t me h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:4.6806564px; bottom:1.987793px;\">**  Warto\u015b\u0107 czaso<span class=\"_ _2\"></span>wa opcji + mar\u017c<span class=\"_ _2\"></span>a CCBS Cross Curren<span class=\"_ _2\"></span>cy Basis Swap.<span class=\"_ _2\"></span> </div>Nota 7.5.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe Ryzyko <span class=\"_ _53\"></span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>rozumiane <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>mo\u017cliw<span class=\"_ _3\"></span>o\u015b\u0107 <span class=\"_ _53\"></span>niewywi\u0105zania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _53\"></span>d\u0142u\u017cnik\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>zobowi\u0105za\u0144<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>jest zwi\u0105zane z trz<span class=\"_ _3\"></span>ema g\u0142\u00f3wnymi obsza<span class=\"_ _3\"></span>rami: wiarygodno\u015bci\u0105 kred<span class=\"_ _3\"></span>ytow\u0105 klient\u00f3w, z<span class=\"_ _3\"></span> kt\u00f3rymi zawiera si\u0119 transa<span class=\"_ _3\"></span>kcje fizycznej sprz<span class=\"_ _3\"></span>eda\u017cy produkt\u00f3<span class=\"_ _3\"></span>w, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">wiarygodn<span class=\"_ _3\"></span>o\u015bci\u0105 <span class=\"_ _54\"> </span>kredytow\u0105 <span class=\"_ _5a\"> </span>instytucji <span class=\"_ _54\"> </span>finansowych <span class=\"_ _5a\"> </span>(bank\u00f3w/broker\u00f3w), <span class=\"_ _5a\"> </span>z kt\u00f3rymi <span class=\"_ _54\"> </span>zawiera <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>transakcje </span></span>zabezpieczaj\u0105ce <span class=\"_ _0\"></span>lub <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _0\"> </span>po\u015brednicz\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>zawieraniu, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>tak\u017ce <span class=\"_ _0\"></span>tych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _0\"></span>lokowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _0\"></span>wolne <span class=\"_ _1\"> </span>\u015brodki pieni\u0119\u017cne, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kondycj\u0105 finans<span class=\"_ _3\"></span>ow\u0105 sp\u00f3\u0142ek zale\u017c<span class=\"_ _3\"></span>nych \u2013 po\u017cyczkobi<span class=\"_ _3\"></span>orc\u00f3w. </span></span>W uj\u0119ciu szczeg<span class=\"_ _3\"></span>\u00f3\u0142owym \u017ar\u00f3d\u0142a ek<span class=\"_ _3\"></span>spozycji na ryzyko kredyt<span class=\"_ _3\"></span>owe stanowi\u0105:  \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">\u015brodki pieni\u0119\u017cn<span class=\"_ _3\"></span>e i lokaty bank<span class=\"_ _3\"></span>owe, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">instrumenty p<span class=\"_ _3\"></span>ochodne, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone p<span class=\"_ _3\"></span>o\u017cyczki (Nota 6.2),<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone gwa<span class=\"_ _3\"></span>rancje i por\u0119czeni<span class=\"_ _3\"></span>a (Nota 8.6), </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">pozosta\u0142e akt<span class=\"_ _3\"></span>ywa finansowe. </span></span>Nota 7.5.2.1 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane ze \u015brodkami pi<span class=\"_ _3\"></span>eni\u0119\u017cnymi i lokatami <span class=\"_ _3\"></span>bankowymi Grupa  Kapita\u0142owa <span class=\"_ _74\"> </span>alokuje  okresowo  woln<span class=\"_ _3\"></span>e  \u015brodki  pieni<span class=\"_ _3\"></span>\u0119\u017cne  zgodnie  z <span class=\"_ _74\"> </span>wymogami  zachowania <span class=\"_ _74\"> </span>p\u0142<span class=\"_ _2\"></span>ynno\u015bci  finans<span class=\"_ _3\"></span>owej i ograniczoneg<span class=\"_ _3\"></span>o ryzyka oraz w celu <span class=\"_ _3\"></span>ochrony kapita\u0142u i maksyma<span class=\"_ _3\"></span>lizacji przychod\u00f3w <span class=\"_ _3\"></span>odsetkowych. Wed\u0142ug  stanu  na <span class=\"_ _74\"> </span>31 grudnia  2022 <span class=\"_ _74\"> </span>r.  \u0142\u0105czna  kwota  \u015brodk\u00f3w  p<span class=\"_ _3\"></span>ieni\u0119\u017cnych  w  ram<span class=\"_ _3\"></span>ach  wolnych  \u015brodk<span class=\"_ _3\"></span>\u00f3w  oraz  \u015brodk\u00f3w o ograniczonej mo\u017cliwo\u015bci <span class=\"_ _2\"></span>dysponowania w <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>soko\u015bci 1 195 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>utrzymywana <span class=\"_ _2\"></span>by\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach bankowych <span class=\"_ _2\"></span>oraz lokatach kr\u00f3tkotermin<span class=\"_ _3\"></span>owych (na 31 <span class=\"_ _3\"></span>grudnia 2021 r<span class=\"_ _3\"></span>. \u0142\u0105cznie 1 904 mln PLN). Wszystkie <span class=\"_ _2\"></span>podmioty, kt\u00f3rym <span class=\"_ _2\"></span>Grupa powierza <span class=\"_ _2\"></span>\u015brodki <span class=\"_ _2\"></span>pieni\u0119\u017cne, dzia\u0142aj\u0105 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>ktorz<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>finansowym. <span class=\"_ _2\"></span>Analiza ekspozycji <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ten rodzaj <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>wykaza\u0142a, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>wy\u0142\u0105cznie <span class=\"_ _2\"></span>banki <span class=\"_ _2\"></span>posiadaj\u0105ce <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>ziomie najwy\u017cszym, <span class=\"_ _2\"></span>\u015bredniowysokim <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>\u015brednim, a tak\u017ce <span class=\"_ _0\"> </span>dysponuj\u0105ce <span class=\"_ _1\"> </span>odpowiednim <span class=\"_ _0\"></span>kapita\u0142em <span class=\"_ _1\"> </span>w\u0142asnym <span class=\"_ _1\"> </span>oraz <span class=\"_ _0\"></span>siln\u0105 <span class=\"_ _1\"> </span>i ustabilizowan\u0105 <span class=\"_ _0\"></span>pozycj\u0105 <span class=\"_ _1\"> </span>rynkow\u0105. <span class=\"_ _1\"> </span>Ryzyko <span class=\"_ _0\"></span>kredytowe z tego <span class=\"_ _57\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>jest <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>przez <span class=\"_ _57\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _57\"> </span>weryfikacj\u0119 <span class=\"_ _57\"> </span>kondycji <span class=\"_ _59\"> </span>finan<span class=\"_ _3\"></span>sowej <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>utrzymywanie <span class=\"_ _57\"> </span>odpowiedni<span class=\"_ _3\"></span>o niskiego poziomu <span class=\"_ _3\"></span>koncentracji w <span class=\"_ _3\"></span>poszczeg\u00f3lnych instytucjac<span class=\"_ _3\"></span>h finansowych.<span class=\"_ _3\"></span> W <span class=\"_ _53\"></span>tabeli <span class=\"_ _0\"></span>poni\u017cej <span class=\"_ _53\"></span>zaprezent<span class=\"_ _3\"></span>owano <span class=\"_ _53\"></span>poziom <span class=\"_ _0\"></span>kon<span class=\"_ _3\"></span>centracji <span class=\"_ _53\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokat <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwzgl\u0119dnieniem <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej instytucji finans<span class=\"_ _3\"></span>owych*.  Poziom ratingu<span class=\"_ _3\"></span> Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Najwy\u017cszy <span class=\"_ _13c\"> </span>AAA do AA<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od <span class=\"_ _3\"></span>Aaa do Aa3 wg <span class=\"_ _3\"></span>Moody\u2019s 10%<span class=\"_ _192\"> </span>22%<span class=\"_ _192\"> </span>\u015aredniowysoki od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> 73%<span class=\"_ _192\"> </span>53%<span class=\"_ _192\"> </span>\u015aredni  <span class=\"_ _77\"> </span>od BBB+ do BBB<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od Baa<span class=\"_ _3\"></span>1 do Baa3 wg Moody<span class=\"_ _3\"></span>\u2019s 17%<span class=\"_ _192\"> </span>25%<span class=\"_ _192\"> </span>* Wa\u017cone kwot<span class=\"_ _2\"></span>\u0105 \u015brodk\u00f3w p<span class=\"_ _2\"></span>ieni\u0119\u017cnych<span class=\"_ _2\"></span> zdeponowan<span class=\"_ _2\"></span>ych na rachun<span class=\"_ _2\"></span>kach bie\u017c\u0105cych i l<span class=\"_ _2\"></span>okatach<div class=\"t m5 h5 ff1 fs3 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:270.6195px;\">Zasady rachunk<span class=\"_ _2\"></span>owo\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:244.4115px;\">Grupa <span class=\"_ _59\"> </span>ujmuje <span class=\"_ _57\"> </span>odpis <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>czekiwanych <span class=\"_ _57\"> </span>strat <span class=\"_ _59\"> </span>kredytowych <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>sk\u0142adnikach <span class=\"_ _59\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>finansowych <span class=\"_ _59\"> </span>wycenian<span class=\"_ _3\"></span>ych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:230.37152px;\">w zamortyzowanym <span class=\"_ _146\"> </span>koszcie. <span class=\"_ _59\"> </span>Ocz<span class=\"_ _3\"></span>ekiwane <span class=\"_ _57\"> </span>straty <span class=\"_ _59\"> </span>kredytowe <span class=\"_ _57\"> </span>s\u0105 <span class=\"_ _57\"> </span>to <span class=\"_ _59\"> </span>straty <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _146\"> </span>wa\u017cone<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>prawdopodobie\u0144stw<span class=\"_ _3\"></span>em </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:216.17554px;\">wyst\u0105pienia <span class=\"_ _59\"> </span>niewykonania <span class=\"_ _59\"> </span>zob<span class=\"_ _3\"></span>owi\u0105zania. <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>stosuje <span class=\"_ _59\"> </span>nast\u0119puj\u0105ce <span class=\"_ _59\"> </span>modele <span class=\"_ _59\"> </span>wyznaczania <span class=\"_ _57\"> </span>odpis\u00f3w <span class=\"_ _59\"> </span>z tytu\u0142u <span class=\"_ _59\"> </span>utraty </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:201.97955px;\">warto\u015bci: </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:187.78357px;\">- model uproszczon<span class=\"_ _3\"></span>y \u2013 dla nale\u017cno\u015bci <span class=\"_ _3\"></span>od odbiorc\u00f3w, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:173.58759px;\">- model og\u00f3lny (p<span class=\"_ _3\"></span>odstawowy) \u2013 dla pozosta\u0142<span class=\"_ _3\"></span>ych aktyw\u00f3w finans<span class=\"_ _3\"></span>owych. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:151.74756px;\">W <span class=\"_ _53\"></span>modelu <span class=\"_ _53\"></span>og\u00f3lnym <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>monitoruje <span class=\"_ _2\"></span>zmiany <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _2\"></span>kredy<span class=\"_ _2\"></span>towego <span class=\"_ _2\"></span>zwi\u0105zanego <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>danym <span class=\"_ _53\"></span>sk\u0142adnikiem <span class=\"_ _53\"></span>aktyw\u00f3w<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:137.55157px;\">finansowych oraz klasyfikuj<span class=\"_ _3\"></span>e aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis<span class=\"_ _3\"></span>\u00f3w z tytu\u0142u utraty warto\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:123.35559px;\">\u2013  w oparciu <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>  obserwacj\u0119  zmiany  po<span class=\"_ _2\"></span>ziomu  ryzyka  kredytowego  w <span class=\"_ _57\"> </span>stosunku  do <span class=\"_ _146\"> </span>poc<span class=\"_ _2\"></span>z\u0105tkow<span class=\"_ _3\"></span>ego <span class=\"_ _146\"> </span>uj\u0119cia  inst<span class=\"_ _2\"></span>rumentu.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:109.15961px;\">W szczeg\u00f3lno\u015bci, <span class=\"_ _62\"> </span>monit<span class=\"_ _3\"></span>orowaniu <span class=\"_ _62\"> </span>podlega: <span class=\"_ _62\"> </span>rating <span class=\"_ _62\"> </span>kredytowy <span class=\"_ _62\"> </span>oraz <span class=\"_ _62\"> </span>sytuacja <span class=\"_ _62\"> </span>finansowa <span class=\"_ _62\"> </span>kontrahenta <span class=\"_ _62\"> </span>i <span class=\"_ _62\"> </span>okres </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:94.96356px;\">przeterminowania <span class=\"_ _2\"></span>p\u0142atno\u015bci. <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>zale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>zaklasyfikowania <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>oszczeg\u00f3lnych <span class=\"_ _53\"></span>stopni, <span class=\"_ _53\"></span>odpis <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:80.923584px;\">jest <span class=\"_ _74\"> </span>szacowany <span class=\"_ _1\"> </span>w horyzoncie <span class=\"_ _1\"> </span>12-miesi\u0119cy <span class=\"_ _74\"> </span>(stopie\u0144 <span class=\"_ _1\"> </span>1) <span class=\"_ _74\"> </span>lub <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>horyzoncie <span class=\"_ _74\"> </span>\u017cycia <span class=\"_ _74\"> </span>instrumentu <span class=\"_ _1\"> </span>(stopie\u0144 <span class=\"_ _74\"> </span>2 <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>stopie\u0144 <span class=\"_ _74\"> </span>3). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:66.7276px;\">Bezwzgl\u0119dn\u0105 <span class=\"_ _74\"> </span>przes\u0142ank\u0105 <span class=\"_ _58\"> </span>na <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kre\u015blenie <span class=\"_ _74\"> </span>wyst\u0105pienia <span class=\"_ _74\"> </span>stanu  niew<span class=\"_ _3\"></span>yp\u0142acalno\u015bci  (d<span class=\"_ _3\"></span>efault)  j<span class=\"_ _3\"></span>est  pr<span class=\"_ _3\"></span>zeterminowanie <span class=\"_ _58\"> </span>p\u0142atno\u015bc<span class=\"_ _3\"></span>i </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:52.531616px;\">o ponad 90 dni. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:30.535614px;\">W <span class=\"_ _0\"></span>modelu <span class=\"_ _0\"></span>uproszczonym <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>monitoruje <span class=\"_ _0\"></span>zmian <span class=\"_ _0\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"> </span>kredytowego <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>rakcie <span class=\"_ _0\"></span>\u017cycia <span class=\"_ _0\"></span>instrumentu <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:16.495605px;\">szacuje <span class=\"_ _2\"></span>oczekiwan\u0105 <span class=\"_ _53\"></span>strat\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>horyzoncie <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>terminu <span class=\"_ _53\"></span>zapad<span class=\"_ _3\"></span>alno\u015bci <span class=\"_ _53\"></span>instrumentu <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>historyczne <span class=\"_ _2\"></span>dane </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:2.2996216px;\">dotycz\u0105ce sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci nale\u017cno\u015bci od odb<span class=\"_ _3\"></span>iorc\u00f3w.<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:919.5639px;\">Poziom <span class=\"_ _54\"> </span>ryz<span class=\"_ _3\"></span>yka <span class=\"_ _54\"> </span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _54\"> </span>instytucji <span class=\"_ _5a\"> </span>finansowej <span class=\"_ _5a\"> </span>wynikaj\u0105cego <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>utrzymywania <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>niej <span class=\"_ _54\"> </span>\u015b<span class=\"_ _3\"></span>rodk\u00f3w <span class=\"_ _54\"> </span>pieni\u0119\u017cny<span class=\"_ _3\"></span>ch <span class=\"_ _54\"> </span>na </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:905.3679px;\">rachunkach <span class=\"_ _1\"> </span>bankowych <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>zdeponowanych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>lokacie, <span class=\"_ _1\"> </span>maj\u0105c <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>uwadze <span class=\"_ _74\"> </span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>tych <span class=\"_ _1\"> </span>instrument\u00f3w, <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>na </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:891.17194px;\">poziomie niemal\u017ce j<span class=\"_ _3\"></span>ednakowym, <span class=\"_ _3\"></span>st\u0105d zaprezentowano \u0142\u0105czni<span class=\"_ _3\"></span>e. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:869.1759px;\">Wed\u0142ug <span class=\"_ _1\"> </span>stanu <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"> </span>20<span class=\"_ _2\"></span>22 <span class=\"_ _0\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>maksymalny <span class=\"_ _0\"></span>udzia\u0142 <span class=\"_ _1\"> </span>jednego <span class=\"_ _1\"> </span>podmiotu <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>kwoc<span class=\"_ _2\"></span>ie <span class=\"_ _0\"> </span>nara\u017conej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"> </span>ryzyko<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>kredy<span class=\"_ _2\"></span>towe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:855.1359px;\">zwi\u0105zane <span class=\"_ _53\"></span>ze <span class=\"_ _0\"></span>\u015br<span class=\"_ _3\"></span>odkami <span class=\"_ _0\"></span>pieni<span class=\"_ _3\"></span>\u0119\u017cnymi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokatami <span class=\"_ _53\"></span>bankowymi <span class=\"_ _53\"></span>wyni\u00f3s\u0142 <span class=\"_ _53\"></span>30%, <span class=\"_ _53\"></span>tj. <span class=\"_ _0\"></span>354 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 r. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:840.93994px;\">41%, tj. 778<span class=\"_ _3\"></span> mln PLN). </div><div class=\"c w3f h2e\" style=\"left:1107.0818px; bottom:823.6248px;\"><div class=\"t m4 x10 h8 yaa7 ff1 fs6 fc2 sc0 ls0 ws0\">Stan na </div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:1100.374px; bottom:812.5479px;\">31.12.2022 </div><div class=\"c w3f h2e\" style=\"left:1199.8901px; bottom:823.6248px;\"><div class=\"t m4 x10 h8 yaa7 ff1 fs6 fc2 sc0 ls0 ws0\">Stan na </div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:1192.8695px; bottom:812.5479px;\">31.12.2021<span class=\"ff2\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:670.126px; bottom:795.0759px;\">Kontrahent 1 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1146.2261px; bottom:793.204px;\">354 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1230.1658px; bottom:793.204px;\">778 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:670.126px; bottom:776.35596px;\">Kontrahent 2 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1146.2261px; bottom:774.32794px;\">335 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1230.1658px; bottom:774.32794px;\">322 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:670.126px; bottom:757.636px;\">Kontrahent 3 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1146.2261px; bottom:755.608px;\">105 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1230.1658px; bottom:755.608px;\">259 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:670.126px; bottom:738.75995px;\">Kontrahent 4 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1152.1658px; bottom:736.732px;\">76 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1230.1658px; bottom:736.732px;\">156 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:670.126px; bottom:720.04px;\">Kontrahent 5 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1152.1658px; bottom:718.01196px;\">73 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1230.1658px; bottom:718.01196px;\">121 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:670.126px; bottom:701.164px;\">Pozostali </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1146.2261px; bottom:699.292px;\">252 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1230.1658px; bottom:699.292px;\">268 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:670.126px; bottom:681.82px;\">Razem </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:1137.5017px; bottom:679.792px;\">1 195 </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:1222.5217px; bottom:679.792px;\">1 904 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:650.152px;\">Odpisy <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>utraty <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _59\"> </span>\u015bro<span class=\"_ _2\"></span>dk\u00f3w <span class=\"_ _59\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017cnych <span class=\"_ _59\"> </span>i <span class=\"_ _5a\"> </span>ekwiwalent\u00f3w <span class=\"_ _5a\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidual<span class=\"_ _3\"></span>nie <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _5a\"> </span>salda </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:635.956px;\">dotycz\u0105cego <span class=\"_ _59\"> </span>danej <span class=\"_ _59\"> </span>i<span class=\"_ _3\"></span>nstytucji <span class=\"_ _59\"> </span>finansow<span class=\"_ _3\"></span>ej. <span class=\"_ _59\"> </span>Do <span class=\"_ _59\"> </span>oceny <span class=\"_ _59\"> </span>ryzyka <span class=\"_ _57\"> </span>kredytowego <span class=\"_ _59\"> </span>u\u017cyto <span class=\"_ _57\"> </span>zewn\u0119trzne <span class=\"_ _59\"> </span>ratingi <span class=\"_ _59\"> </span>bank\u00f3w. <span class=\"_ _57\"> </span>Analiza </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:621.76px;\">wykaza\u0142a, <span class=\"_ _57\"> </span>i\u017c <span class=\"_ _59\"> </span>aktywa <span class=\"_ _57\"> </span>te <span class=\"_ _59\"> </span>maj\u0105 <span class=\"_ _57\"> </span>niskie <span class=\"_ _59\"> </span>ryz<span class=\"_ _3\"></span>yko <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>spraw<span class=\"_ _3\"></span>ozdawczy. <span class=\"_ _57\"> </span>Grupa <span class=\"_ _59\"> </span>skor<span class=\"_ _3\"></span>zysta\u0142a <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>uproszczenia </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:607.72003px;\">dozwolonego <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>standard <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>odpis <span class=\"_ _0\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>dstawi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>12-miesi\u0119cznych <span class=\"_ _53\"></span>strat <span class=\"_ _53\"></span>kredytowych<span class=\"_ _3\"></span>. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:593.52405px;\">Kalkulacja o<span class=\"_ _2\"></span>dpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 kwo<span class=\"_ _2\"></span>t\u0119 <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci. <span class=\"_ _2\"></span>Aktywa <span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>zaliczone <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>Stopnia <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>modelu </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:579.32806px;\">utraty warto\u015bci.<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:666.538px; bottom:551.09204px;\">Nota 7.5.2.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z transakcjami w<span class=\"_ _3\"></span> instrumentach poch<span class=\"_ _3\"></span>odnych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:529.09607px;\">Wszystkie <span class=\"_ _54\"> </span>p<span class=\"_ _3\"></span>odmioty, <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>kt\u00f3rymi <span class=\"_ _5a\"> </span>Grupa <span class=\"_ _54\"> </span>Kapita\u0142owa <span class=\"_ _5a\"> </span>zawiera <span class=\"_ _54\"> </span>transak<span class=\"_ _3\"></span>cje <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>instrum<span class=\"_ _3\"></span>entach <span class=\"_ _54\"> </span>poch<span class=\"_ _3\"></span>odnych <span class=\"_ _54\"> </span>(z wyj\u0105<span class=\"_ _3\"></span>tkiem </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:514.9001px;\">wbudowanych ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych), dzia\u0142aj\u0105 w sekt<span class=\"_ _3\"></span>orze finansowym. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:492.90405px;\">Ekspozycj\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>zwi\u0105zan\u0105 <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>instrumentami <span class=\"_ _2\"></span>pochodnymi <span class=\"_ _2\"></span>z podzia\u0142em <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>g\u0142\u00f3wnych <span class=\"_ _53\"></span>kontrahent<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _53\"></span>prezentu<span class=\"_ _3\"></span>je </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:478.70807px;\">poni\u017csza tabela.<span class=\"_ _192\"> </span></div><div class=\"t m6 ha ff2 fs7 fc0 sc0 ls0 ws0\" style=\"left:743.58954px; bottom:482.6081px;\">3<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:852.63416px; bottom:465.1361px;\">Stan na 31.1<span class=\"_ _3\"></span>2.2022 </div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:1120.342px; bottom:465.1361px;\">Stan na 31.1<span class=\"_ _3\"></span>2.2021 </div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:778.7019px; bottom:437.99207px;\">Nale\u017cno\u015bci</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:781.51px; bottom:424.73212px;\">finansowe</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:839.22986px; bottom:437.99207px;\">Zobowi\u0105zania</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:855.9219px; bottom:424.73212px;\">finansowe</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:920.03766px; bottom:437.99207px;\">Warto\u015b\u0107</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:917.53015px; bottom:424.73212px;\"> godziwa</div><div class=\"c w118 h25\" style=\"left:972.61005px; bottom:448.44482px;\"><div class=\"t mc x10 h7 y3cd ff2 fs5 fc2 sc0 ls0 ws0\">Ekspozycja  </div></div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:979.318px; bottom:437.99207px;\">na ryzyko </div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:974.31415px; bottom:424.73212px;\">kredytowe</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1047.0101px; bottom:437.99207px;\">Nale\u017cno\u015bci</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1048.426px; bottom:424.73212px;\">finansowe</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1107.0818px; bottom:437.99207px;\">Zobowi\u0105zania</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1122.3698px; bottom:424.73212px;\">finansowe</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1187.5778px; bottom:437.99207px;\">Warto\u015b\u0107</div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1185.5381px; bottom:424.73212px;\"> godziwa</div><div class=\"c w119 h25\" style=\"left:1239.6818px; bottom:448.44482px;\"><div class=\"t mc x10 h7 y3cd ff2 fs5 fc2 sc0 ls0 ws0\">Ekspozycja  </div></div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1246.3896px; bottom:437.99207px;\">na ryzyko </div><div class=\"t mc h7 ff2 fs5 fc2 sc0 ls0 ws0\" style=\"left:1240.7737px; bottom:424.73212px;\">kredytowe</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:407.7281px;\">Kontrahent 1<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>260</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:878.698px; bottom:407.7281px;\">(250)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:946.0775px; bottom:407.7281px;\">10</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1005.3698px; bottom:407.7281px;\">260</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1077.442px; bottom:407.5721px;\">227<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1144.8337px; bottom:407.5721px;\">(195)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1214.0977px; bottom:408.0401px;\">32<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1270.5703px; bottom:407.5721px;\">227<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:388.8521px;\">Kontrahent 2<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>226</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:878.698px; bottom:388.8521px;\">(172)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:946.0775px; bottom:388.8521px;\">54</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1005.3698px; bottom:388.8521px;\">226</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1077.442px; bottom:388.6961px;\">162<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1144.8337px; bottom:388.6961px;\">(112)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1214.0977px; bottom:389.3201px;\">50<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1270.5703px; bottom:388.6961px;\">162<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:370.1321px;\">Kontrahent 3<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>154</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:885.7179px; bottom:370.1321px;\">(33)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:940.15015px; bottom:370.1321px;\">121</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1005.3698px; bottom:370.1321px;\">154</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1077.442px; bottom:369.9761px;\">113<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1144.8337px; bottom:369.9761px;\">(437)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1202.8657px; bottom:370.44412px;\">(324)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1270.5703px; bottom:369.9761px;\">113<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:351.41214px;\">Kontrahent 4<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>120</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:885.7179px; bottom:351.41214px;\">(53)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:946.0775px; bottom:351.41214px;\">67</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1005.3698px; bottom:351.41214px;\">120</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1083.2026px; bottom:351.25613px;\">78<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1150.7617px; bottom:351.25613px;\">(57)<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:1214.0977px; bottom:351.72412px;\">21<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1276.3301px; bottom:351.25613px;\">78<span class=\"_ _192\"> </span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:332.53613px;\">Pozostali <span class=\"_ _de\"> </span> <span class=\"_ _114\"> </span>787</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:878.698px; bottom:332.53613px;\">(636)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:940.15015px; bottom:332.53613px;\">151</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1005.3698px; bottom:332.53613px;\">787</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1078.69px; bottom:332.53613px;\">279</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1139.0618px; bottom:332.53613px;\">(1 360)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1193.9738px; bottom:332.53613px;\">(1 081)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1271.9615px; bottom:332.53613px;\">279</div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:313.19214px;\">Razem <span class=\"_ _14d\"> </span> <span class=\"_ _2a\"> </span><span class=\"fc0\">1 547</span></div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:870.5859px; bottom:313.19214px;\">(1 144)</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:940.15015px; bottom:313.19214px;\">403</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:997.1018px; bottom:313.19214px;\">1 547</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1078.69px; bottom:313.19214px;\">859</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1137.5017px; bottom:313.19214px;\">(2 161)</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1192.8695px; bottom:313.19214px;\">(1 302)</div><div class=\"t mc h7 ff1 fs5 fc0 sc0 ls0 ws0\" style=\"left:1271.9615px; bottom:313.19214px;\">859</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:675.89795px; bottom:296.18814px;\">Otwarte </div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:675.89795px; bottom:282.77216px;\"> instrument<span class=\"_ _3\"></span>y  </div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:675.89795px; bottom:269.51215px;\">pochodne*<span class=\"_ _3\"></span><span class=\"ff1 fc2\"> </span></div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:762.79px; bottom:282.77216px;\"> <span class=\"_ _2a\"> </span><span class=\"ff2 fc0\">1 510</span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:870.5859px; bottom:282.77216px;\">(1 110)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:940.15015px; bottom:282.77216px;\">400</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1078.69px; bottom:282.77216px;\">849</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1139.0618px; bottom:282.77216px;\">(2 002)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1193.9738px; bottom:282.77216px;\">(1 153)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:675.89795px; bottom:255.62817px;\">Rozliczone  </div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:675.89795px; bottom:242.36816px;\">instrumenty <span class=\"_ _3\"></span> </div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:675.89795px; bottom:229.10818px;\">pochodne <span class=\"_ _3\"></span>netto<span class=\"ff1 fc2\"> </span></div><div class=\"t mc h7 ff1 fs5 fc2 sc0 ls0 ws0\" style=\"left:762.79px; bottom:242.36816px;\"> <span class=\"_ _92\"> </span><span class=\"ff2 fc0\">37</span></div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:885.7179px; bottom:242.36816px;\">(34)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:952.32996px; bottom:242.36816px;\">3</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1084.3058px; bottom:242.36816px;\">10</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1146.2261px; bottom:242.36816px;\">(159)</div><div class=\"t mc h7 ff2 fs5 fc0 sc0 ls0 ws0\" style=\"left:1201.306px; bottom:242.36816px;\">(149)</div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:213.04019px;\">* Z wy\u0142\u0105cze<span class=\"_ _2\"></span>niem wbud<span class=\"_ _2\"></span>owanych instru<span class=\"_ _2\"></span>ment\u00f3w pocho<span class=\"_ _2\"></span>dnych<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:196.50418px;\">Bior\u0105c  pod  uwag\u0119  nale\u017cno\u015bci  z  tytu\u0142u  otwartych  tran<span class=\"_ _3\"></span>sakcji  w  instrumentach  pochodnych  posiada<span class=\"_ _3\"></span>nych  przez  Grup\u0119 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:182.3082px;\">(z wy\u0142\u0105czeniem <span class=\"_ _1\"> </span>wbud<span class=\"_ _3\"></span>owanych <span class=\"_ _1\"> </span>instrument\u00f3w <span class=\"_ _0\"></span>pochodnych) <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"> </span>r. <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>netto<span class=\"_ _192\"> </span></div><div class=\"t m6 ha ff2 fs7 fc0 sc0 ls0 ws0\" style=\"left:1210.8218px; bottom:186.20819px;\">4</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:1214.0977px; bottom:182.3082px;\"> <span class=\"_ _1\"> </span>z tytu\u0142u </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:168.11221px;\">rozliczonych <span class=\"_ _2\"></span>instrumen<span class=\"_ _3\"></span>t\u00f3w <span class=\"_ _2\"></span>pochodnych, maksymalny <span class=\"_ _2\"></span>udzia\u0142 je<span class=\"_ _2\"></span>dn<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>podmiotu <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kwocie <span class=\"_ _2\"></span>nara\u017con<span class=\"_ _3\"></span>ej <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ryzyko <span class=\"_ _2\"></span>kredytowe </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:153.9162px;\">wynikaj\u0105ce z tych tran<span class=\"_ _3\"></span>sakcji wyni\u00f3s\u0142 1<span class=\"_ _3\"></span>7%, tj. 260 mln <span class=\"_ _3\"></span>PLN (wed\u0142ug stanu na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia 202<span class=\"_ _3\"></span>1 r. 26%, tj. 227 <span class=\"_ _3\"></span>mln PLN).<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:131.92021px;\">W  celu <span class=\"_ _74\"> </span>ograniczenia  prz<span class=\"_ _3\"></span>ep\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119<span class=\"_ _2\"></span>\u017cnych <span class=\"_ _74\"> </span>i jednocze\u015bnie <span class=\"_ _74\"> </span>ograniczenia  ryzyka <span class=\"_ _74\"> </span>kredytowego <span class=\"_ _74\"> </span>Je<span class=\"_ _2\"></span>dnostka <span class=\"_ _74\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105ca<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:117.88022px;\">dokonuje <span class=\"_ _2\"></span>rozlicze\u0144 <span class=\"_ _2\"></span>netto <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>zawartych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>kontrahentami <span class=\"_ _2\"></span>standardowych <span class=\"_ _53\"></span>porozumie\u0144<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>ramowych <span class=\"_ _53\"></span>reguluj\u0105cych </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:103.68422px;\">obr\u00f3t <span class=\"_ _1\"> </span>instrumentami <span class=\"_ _0\"></span>finansowymi, <span class=\"_ _0\"></span>tj. <span class=\"_ _1\"> </span>ISDA <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>opartych <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>wz\u00f3r <span class=\"_ _0\"> </span>ZBP). <span class=\"_ _1\"> </span>Ponadto <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>z tego <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _0\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"> </span>na </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:89.488235px;\">bie\u017c\u0105co <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _59\"> </span>poprzez<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>analiz\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>kredytowyc<span class=\"_ _3\"></span>h <span class=\"_ _59\"> </span>oraz <span class=\"_ _57\"> </span>ograniczane <span class=\"_ _59\"> </span>poprzez <span class=\"_ _57\"> </span>d\u0105\u017cenie <span class=\"_ _59\"> </span>d<span class=\"_ _3\"></span>o dywersyfikacji </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:75.29224px;\">podmiotowej przy <span class=\"_ _3\"></span>wdra\u017caniu stra<span class=\"_ _3\"></span>tegii zabezpieczaj\u0105cych.<span class=\"_ _3\"></span> </div><div class=\"t m5 h71 ff3 fs1b fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:42.37625px;\">3</div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:670.126px; bottom:39.10051px;\"> Nie dot<span class=\"_ _2\"></span>yczy wbudow<span class=\"_ _2\"></span>anych instrumen<span class=\"_ _2\"></span>t\u00f3w pocho<span class=\"_ _2\"></span>dnych. </div><div class=\"t m5 h71 ff3 fs1b fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:30.052513px;\">4 </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:672.30994px; bottom:26.776512px;\">Jednostka <span class=\"_ _0\"> </span>Domi<span class=\"_ _2\"></span>nuj\u0105ca <span class=\"_ _0\"> </span>kompensu<span class=\"_ _2\"></span>je <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _0\"> </span>rozliczonych <span class=\"_ _0\"> </span>in<span class=\"_ _2\"></span>strument\u00f3w <span class=\"_ _0\"> </span>pocho<span class=\"_ _2\"></span>dnych, <span class=\"_ _0\"> </span>dla <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>ko\u0144cz\u0105cy </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:14.296524px;\">okres <span class=\"_ _1\"> </span>sprawozd<span class=\"_ _2\"></span>awczy <span class=\"_ _1\"> </span>znany <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzysz\u0142y <span class=\"_ _1\"> </span>przep\u0142yw, <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>zas<span class=\"_ _2\"></span>adami <span class=\"_ _1\"> </span>nettowania<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142yw\u00f3w <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>ro<span class=\"_ _2\"></span>zlicze\u0144 <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzyj\u0119tymi <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>umowach <span class=\"_ _1\"> </span>ramowych  </div><div class=\"t m5 h5 ff3 fs3 fc0 sc0 ls0 ws0\" style=\"left:666.538px; bottom:1.9725266px;\">z poszcze<span class=\"_ _2\"></span>g\u00f3lnymi kontr<span class=\"_ _2\"></span>ahentami.<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:904.4463px;\">Pomimo <span class=\"_ _5e\"> </span>koncentracji <span class=\"_ _5e\"> </span>ryzyka <span class=\"_ _5e\"> </span>kredytowego <span class=\"_ _67\"> </span>zwi\u0105<span class=\"_ _3\"></span>zanego <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>transakcjami <span class=\"_ _55\"> </span>w <span class=\"_ _67\"> </span>instrumentach <span class=\"_ _5e\"> </span>pochodnych <span class=\"_ _5e\"> </span>Jednostka </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:890.2503px;\">Dominuj\u0105ca <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>cenia, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _58\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>wsp\u00f3\u0142prac\u0119  w<span class=\"_ _3\"></span>y\u0142\u0105cznie <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>re<span class=\"_ _2\"></span>nomowanymi <span class=\"_ _1\"> </span>instytucjami <span class=\"_ _74\"> </span>finansowymi, <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>r\u00f3wnie\u017c </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:876.0543px;\">bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g ich ratingu, nie jes<span class=\"_ _3\"></span>t znacz\u0105co nara\u017cona na <span class=\"_ _3\"></span>ryzyko kredyt<span class=\"_ _3\"></span>owe wynikaj\u0105ce z z<span class=\"_ _3\"></span>awartych z nimi transakcji. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:854.0583px;\">W <span class=\"_ _57\"> </span>tabeli <span class=\"_ _59\"> </span>poni\u017cej <span class=\"_ _146\"> </span>zaprezentowano <span class=\"_ _57\"> </span>struktur\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>ins<span class=\"_ _3\"></span>tytucji <span class=\"_ _57\"> </span>finansowych, <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>kt\u00f3rymi <span class=\"_ _146\"> </span>Grupy <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>siada\u0142a <span class=\"_ _146\"> </span>t<span class=\"_ _2\"></span>ransakcje<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:839.8623px;\">w instrumentach po<span class=\"_ _3\"></span>chodnych, sta<span class=\"_ _3\"></span>nowi\u0105ce ekspozycj\u0119 na r<span class=\"_ _3\"></span>yzyko kredytow<span class=\"_ _3\"></span>e. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:813.6543px;\">Poziom ratingu<span class=\"_ _3\"></span> </div><div class=\"c w116 h2e\" style=\"left:436.32684px; bottom:818.8032px;\"><div class=\"t m4 x10 h8 y5dd ff1 fs6 fc2 sc0 ls0 ws0\">Stan na<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:429.30676px; bottom:805.5423px;\">31.12.2022 </div><div class=\"c w116 h2e\" style=\"left:523.9988px; bottom:818.8032px;\"><div class=\"t m4 x10 h8 y5dd ff1 fs6 fc2 sc0 ls0 ws0\">Stan na<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:517.3025px; bottom:805.5423px;\">31.12.2021 </div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:787.29034px;\">\u015aredni<span class=\"_ _2\"></span>owysoki  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:74.10669px; bottom:786.97833px;\">  od A+ do A<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od A1 <span class=\"_ _3\"></span>do A3 wg Moody\u2019s<span class=\"_ _3\"></span> <span class=\"_ _132\"> </span> <span class=\"_ _d4\"> </span>8<span class=\"_ _3\"></span>4%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:560.8265px; bottom:786.97833px;\">98%<span class=\"_ _192\"> </span></div><div class=\"t m5 h5 ff2 fs3 fc0 sc0 ls0 ws0\" style=\"left:3.5947113px; bottom:768.25836px;\">\u015aredni<span class=\"_ _2\"></span>  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:79.09868px; bottom:767.94635px;\">od BBB+ do BB<span class=\"_ _3\"></span>B- wg S&amp;P i Fitch oraz <span class=\"_ _3\"></span>od Baa1 do Baa3 <span class=\"_ _3\"></span>wg Moody\u2019s </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:467.85052px; bottom:767.94635px;\">16%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:565.19446px; bottom:767.94635px;\">2%<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:735.65436px;\">Nota 7.5.2.3 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z nale\u017cno\u015bciami od <span class=\"_ _3\"></span>odbiorc\u00f3w<span class=\"fc0\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:713.81433px;\">Znacz\u0105ce <span class=\"_ _53\"></span>salda <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>dostaw <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>Grupie <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>wyst\u0119powa\u0142y <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sp\u00f3\u0142kach: </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:699.61835px;\">KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _53\"></span>517 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>KGHM INTERNATI<span class=\"_ _3\"></span>ONAL <span class=\"_ _0\"></span>LTD. <span class=\"_ _53\"></span>364 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _53\"></span>CENTROZ\u0141OM <span class=\"_ _53\"></span>WROC\u0141AW <span class=\"_ _53\"></span>S.A. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:685.42236px;\">67 mln  PLN,  WPEC  w Legnicy<span class=\"_ _2\"></span>  S.A.  49  mln <span class=\"_ _146\"> </span>PLN<span class=\"_ _2\"></span>,  NITROERG  S<span class=\"_ _2\"></span>.A.  39  mln  PLN, <span class=\"_ _146\"> </span>M<span class=\"_ _2\"></span>etraco  S.A. <span class=\"_ _146\"> </span>28  mln  PLN<span class=\"_ _2\"></span>,  \u201eMCZ\u201d  S.A.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:671.3824px;\">24 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>WMN <span class=\"_ _0\"></span>\"\u0141ab\u0119dy\" <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"> </span>19 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN, <span class=\"_ _1\"> </span>Energ<span class=\"_ _3\"></span>etyka <span class=\"_ _0\"></span>Sp. <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>o.o. <span class=\"_ _0\"> </span>11 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(na <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r.: <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>Polska<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:657.1864px;\">Mied\u017a S.A. <span class=\"_ _0\"> </span>537 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"> </span>KG<span class=\"_ _2\"></span>HM INTER<span class=\"_ _3\"></span>NATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _0\"></span>219 <span class=\"_ _0\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _1\"> </span>CENTROZ\u0141OM <span class=\"_ _0\"> </span>WROC\u0141AW <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>A. <span class=\"_ _0\"> </span>88 mln <span class=\"_ _1\"> </span>PLN, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:642.9904px;\">WPEC  w Legnicy  S.A.  39  mln  PLN,  NITROERG  S.A.  37  mln  PLN,  \u201eMCZ\u201d  S.A.  22  mln<span class=\"_ _3\"></span>  PLN,  Metraco  S.<span class=\"_ _2\"></span>A.  14  mln  PLN, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:628.7944px;\">WMN \"\u0141ab\u0119dy\" S.A<span class=\"_ _3\"></span>. 12 mln PLN). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:606.7984px;\">Ca\u0142kowita <span class=\"_ _0\"> </span>warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _0\"></span>netto <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>handlowych <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>uwzgl\u0119dnienia <span class=\"_ _0\"></span>warto\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:592.7584px;\">godziwej <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>zabezpiecze<span class=\"_ _3\"></span>\u0144, <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>wysoko\u015bci <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>Grupa <span class=\"_ _0\"></span>Kapita\u0142owa <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _0\"></span>by\u0107 <span class=\"_ _53\"></span>wystawiona <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>ryzyko <span class=\"_ _53\"></span>kredytowe, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:578.56244px;\">wynosi 1 178<span class=\"_ _3\"></span> mln PLN (wed\u0142ug stanu <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>021 r. 1 026 mln PLN).  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:556.5664px;\">Jednostka Dominuj\u0105ca ogranicza ekspozycj\u0119 na <span class=\"_ _2\"></span>ryzyko kredytowe zwi\u0105zane z <span class=\"_ _2\"></span>nale\u017cno\u015bciami od <span class=\"_ _2\"></span>odbiorc\u00f3w poprzez ocen\u0119 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:542.3704px;\">i monitoring <span class=\"_ _53\"></span>kondycji <span class=\"_ _53\"></span>finansowej <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>ustalanie <span class=\"_ _53\"></span>limit\u00f3w <span class=\"_ _53\"></span>kredytowych, <span class=\"_ _53\"></span>stosowanie <span class=\"_ _53\"></span>zabezpiecze\u0144 <span class=\"_ _53\"></span>wierzytelno\u015bci<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:528.17444px;\">oraz <span class=\"_ _1\"> </span>faktoringu <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>regresu. <span class=\"_ _0\"> </span>Warunki <span class=\"_ _1\"> </span>zawartych <span class=\"_ _1\"> </span>um\u00f3w <span class=\"_ _1\"> </span>faktoringowych <span class=\"_ _0\"> </span>spe\u0142niaj\u0105 <span class=\"_ _1\"> </span>kryteria <span class=\"_ _1\"> </span>usuni\u0119cia <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>ksi\u0105g </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:514.13446px;\">w momencie i<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>nabycia przez <span class=\"_ _2\"></span>faktora. N<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>nale\u017cno\u015bci oddanych <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>faktoringu, za <span class=\"_ _2\"></span>kt\u00f3<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:499.93842px;\">nie <span class=\"_ _53\"></span>otrzyman<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>p\u0142atno\u015bci <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>faktor\u00f3w <span class=\"_ _53\"></span>wynios\u0142a <span class=\"_ _2\"></span>4 <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PLN<span class=\"_ _2\"></span> <span class=\"_ _53\"></span> <span class=\"_ _2\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _2\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>17 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN). <span class=\"_ _53\"></span>Informacja<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:485.74243px;\">o warto\u015bci przych<span class=\"_ _3\"></span>od\u00f3w ze sprzeda\u017cy obj<span class=\"_ _3\"></span>\u0119tych faktoringiem w ok<span class=\"_ _3\"></span>resie obrotowym prez<span class=\"_ _3\"></span>entowana jest w <span class=\"_ _3\"></span>Nocie 2.4. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:463.74646px;\">Nieod\u0142\u0105cznym <span class=\"_ _146\"> </span>e<span class=\"_ _2\"></span>lementem <span class=\"_ _57\"> </span>procesu <span class=\"_ _146\"> </span>zarz\u0105dzania <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>kredytowym <span class=\"_ _59\"> </span>real<span class=\"_ _3\"></span>izowanego <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>Jednostce <span class=\"_ _57\"> </span>Dominuj\u0105cej <span class=\"_ _57\"> </span>jest </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:449.55048px;\">bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g stanu nale\u017cno\u015bci oraz<span class=\"_ _3\"></span> wewn\u0119trzny system <span class=\"_ _3\"></span>raportowania.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:427.71045px;\">Kredyt <span class=\"_ _0\"></span>kupiecki <span class=\"_ _0\"></span>otrzymuj\u0105 <span class=\"_ _0\"></span>sprawdzeni <span class=\"_ _0\"></span>kontrahenci. <span class=\"_ _53\"></span>W <span class=\"_ _1\"> </span>przypadku <span class=\"_ _53\"></span>no<span class=\"_ _2\"></span>wych <span class=\"_ _0\"></span>klient\u00f3w <span class=\"_ _0\"></span>d\u0105\u017cy <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>aby <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _0\"></span>dokonywana </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:413.51447px;\">by\u0142a  na  podstawie  przedp<span class=\"_ _3\"></span>\u0142at  lub  instrument\u00f3w  finanso<span class=\"_ _3\"></span>wania  handlu  przen<span class=\"_ _3\"></span>osz\u0105cych  ryzyko  kr<span class=\"_ _3\"></span>edytowe  na  instytucje </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:399.31848px;\">finansowe. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:377.32248px;\">Jednostka Dominu<span class=\"_ _3\"></span>j\u0105ca posiada nast\u0119puj\u0105ce f<span class=\"_ _3\"></span>ormy zabezpiecz<span class=\"_ _3\"></span>enia nale\u017cno\u015bci: <span class=\"_ _3\"></span> </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:9.366707px; bottom:363.2825px;\">\u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastawy <span class=\"_ _0\"></span>rejestrowe, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _53\"></span>bankowe, <span class=\"_ _0\"></span>weksle, <span class=\"_ _0\"></span>akty <span class=\"_ _0\"></span>notarialne <span class=\"_ _0\"></span>poddania<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>egzekucji, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _0\"></span>korporac<span class=\"_ _3\"></span>yjne, </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:27.91858px; bottom:349.08652px;\">cesje nale\u017cno\u015bci, hip<span class=\"_ _3\"></span>oteki i inkasa <span class=\"_ _3\"></span>dokumentowe; </div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:9.366707px; bottom:334.8905px;\">\u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastrze\u017cenie przeniesienia pr<span class=\"_ _3\"></span>awa w\u0142asno\u015bci wyrob\u00f3w <span class=\"_ _3\"></span>na kontrahenta d<span class=\"_ _3\"></span>opiero po dokonaniu za<span class=\"_ _3\"></span>p\u0142aty;  </span></span></div><div class=\"t m4 h2c ff9 fs6 fc0 sc0 ls0 ws0\" style=\"left:9.366707px; bottom:320.69452px;\">\u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">umow\u0119 <span class=\"_ _0\"></span>ubezpieczenia <span class=\"_ _0\"></span>nale\u017cno\u015bci, <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>r\u0105 <span class=\"_ _0\"></span>obj\u0119te <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>jednostek <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>kredytem <span class=\"_ _0\"></span>kupieckim, <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>nie </span></span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:27.91858px; bottom:306.49854px;\">otrzymano twardych <span class=\"_ _3\"></span>zabezpiecze\u0144 lub <span class=\"_ _3\"></span>otrzymano zabezpiecz<span class=\"_ _3\"></span>enia niepokrywaj\u0105ce ca<span class=\"_ _3\"></span>\u0142o\u015bci salda na<span class=\"_ _3\"></span>le\u017cno\u015bci.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:284.65854px;\">Uwzgl\u0119dniaj\u0105c <span class=\"_ _55\"> </span>posiadane <span class=\"_ _55\"> </span>wy\u017cej <span class=\"_ _55\"> </span>wymienione <span class=\"_ _55\"> </span>formy <span class=\"_ _55\"> </span>zabezpiecze\u0144 <span class=\"_ _55\"> </span>oraz <span class=\"_ _55\"> </span>limity <span class=\"_ _55\"> </span>kredytowe <span class=\"_ _55\"> </span>przyznane <span class=\"_ _55\"> </span>przez <span class=\"_ _55\"> </span>firm\u0119 </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:270.46252px;\">ubezpieczeniow\u0105, wed\u0142ug <span class=\"_ _2\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105ca posiada <span class=\"_ _2\"></span>zabezpieczenia dla <span class=\"_ _2\"></span>76% <span class=\"_ _2\"></span>nale\u017cno\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:256.26654px;\">handlowych (wed\u0142u<span class=\"_ _3\"></span>g stanu na 31 grudnia<span class=\"_ _3\"></span> 2021 r. 8<span class=\"_ _3\"></span>4%). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:234.27054px;\">KGHM <span class=\"_ _1\"> </span>INTERNATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>stos<span class=\"_ _2\"></span>uje <span class=\"_ _1\"> </span>zabezpiecze\u0144 <span class=\"_ _0\"> </span>nale<span class=\"_ _2\"></span>\u017cno<span class=\"_ _3\"></span>\u015bci, <span class=\"_ _1\"> </span>jednak <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _1\"> </span>zwi\u0105zane <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>nale\u017cno\u015bciami </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:220.07455px;\">od odbiorc\u00f3w <span class=\"_ _57\"> </span>podlega <span class=\"_ _57\"> </span>monitoringowi <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>sprzeda\u017c <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>du\u017ce<span class=\"_ _3\"></span>j <span class=\"_ _59\"> </span>mierze <span class=\"_ _57\"> </span>realizowana <span class=\"_ _57\"> </span>jest <span class=\"_ _59\"> </span>do <span class=\"_ _57\"> </span>sprawdzonych, <span class=\"_ _57\"> </span>d\u0142ugoletnich </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:206.03458px;\">kontrahent\u00f3w pro<span class=\"_ _3\"></span>wadz\u0105cych dzia\u0142alno\u015b\u0107 <span class=\"_ _3\"></span>mi\u0119dzynarodow\u0105. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:184.03857px;\">Ocena koncentracji r<span class=\"_ _3\"></span>yzyka kredytoweg<span class=\"_ _3\"></span>o w Grupie: </div><div class=\"c w11a h2e\" style=\"left:0.006752014px; bottom:162.82321px;\"><div class=\"t m4 x10 h8 y19a8 ff2 fs6 fc0 sc0 ls0 ws0\">Koncentracja </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:151.74658px;\">bran\u017cowa </div><div class=\"c w5a h2e\" style=\"left:100.31506px; bottom:162.82321px;\"><div class=\"t m4 x10 h8 y19a8 ff2 fs6 fc0 sc0 ls0 ws0\">Pomimo, <span class=\"_ _146\"> </span>\u017ce <span class=\"_ _57\"> </span>KGHM <span class=\"_ _146\"> </span>Po<span class=\"_ _2\"></span>lska  Mied\u017a <span class=\"_ _146\"> </span>S.<span class=\"_ _2\"></span>A.  o<span class=\"_ _2\"></span>raz  KGHM<span class=\"_ _192\"> </span></div></div><div class=\"c w8e h2e\" style=\"left:358.65076px; bottom:162.82321px;\"><div class=\"t m4 x10 h8 y19a8 ff2 fs6 fc0 sc0 ls0 ws0\">INTERNATION<span class=\"_ _192\"> </span></div></div><div class=\"c w11b h2e\" style=\"left:426.65485px; bottom:162.82321px;\"><div class=\"t m4 x10 h8 y19a8 ff2 fs6 fc0 sc0 ls0 ws0\">AL  L<span class=\"_ _2\"></span>TD.  funkcjonuj\u0105 <span class=\"_ _146\"> </span>w<span class=\"_ _192\"> </span></div></div><div class=\"c w11c h2e\" style=\"left:545.5268px; bottom:162.82321px;\"><div class=\"t m4 x10 h8 y19a8 ff2 fs6 fc0 sc0 ls0 ws0\">tej <span class=\"_ _57\"> </span>samej </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:151.74658px;\">bran\u017cy, <span class=\"_ _5a\"> </span>sp\u00f3\u0142<span class=\"_ _2\"></span>ki <span class=\"_ _54\"> </span>r\u00f3\u017cni\u0105 <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>zar\u00f3wno <span class=\"_ _54\"> </span>portfelem <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>ferowanych <span class=\"_ _5a\"> </span>produkt\u00f3w, <span class=\"_ _5a\"> </span>jak <span class=\"_ _54\"> </span>i geograficzn\u0105 <span class=\"_ _54\"> </span>oraz<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:137.70659px;\">podmiotow\u0105 <span class=\"_ _69\"> </span>struktur\u0105 <span class=\"_ _69\"> </span>portfela <span class=\"_ _69\"> </span>klient\u00f3w, <span class=\"_ _69\"> </span>w zwi\u0105zku <span class=\"_ _69\"> </span>z <span class=\"_ _69\"> </span>czy<span class=\"_ _2\"></span>m <span class=\"_ _69\"> </span>bran\u017cowa <span class=\"_ _69\"> </span>konce<span class=\"_ _2\"></span>ntracja <span class=\"_ _69\"> </span>ryzyka </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:123.51059px;\">kredytowego ocen<span class=\"_ _3\"></span>iana jest jako ak<span class=\"_ _3\"></span>ceptowalna.  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:105.4146px;\">Pozosta\u0142e <span class=\"_ _5a\"> </span>sp\u00f3\u0142ki <span class=\"_ _5a\"> </span>Grupy <span class=\"_ _54\"> </span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _54\"> </span>dzia<span class=\"_ _3\"></span>\u0142aj\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>r\u00f3\u017cnych <span class=\"_ _5a\"> </span>sektorach <span class=\"_ _5a\"> </span>gospodarki, <span class=\"_ _5a\"> </span>m.in. <span class=\"_ _54\"> </span>trans<span class=\"_ _3\"></span>port, </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:91.21861px;\">budownictwo, <span class=\"_ _2\"></span>handel, <span class=\"_ _2\"></span>produkcja<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>przemys\u0142owa, <span class=\"_ _2\"></span>energetyka. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>przypadku <span class=\"_ _2\"></span>wi\u0119kszo\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:77.02261px;\">sp\u00f3\u0142ek <span class=\"_ _67\"> </span>Grupy <span class=\"_ _67\"> </span>Kapita\u0142owej, <span class=\"_ _67\"> </span>pod <span class=\"_ _67\"> </span>wzgl\u0119dem <span class=\"_ _67\"> </span>bran\u017cowym, <span class=\"_ _67\"> </span>nie <span class=\"_ _67\"> </span>dochodzi <span class=\"_ _67\"> </span>do koncentracji <span class=\"_ _67\"> </span>ryzyka<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:62.826614px;\">kredytowego. </div><div class=\"c w11a h2e\" style=\"left:0.006752014px; bottom:41.76689px;\"><div class=\"t m4 x10 h8 y19b1 ff2 fs6 fc0 sc0 ls0 ws0\">Koncentracja </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:30.690628px;\">odbiorc\u00f3w </div><div class=\"c w11d h2e\" style=\"left:100.31506px; bottom:41.76689px;\"><div class=\"t m4 x10 h8 y19b1 ff2 fs6 fc0 sc0 ls0 ws0\">Na 31 grudnia<span class=\"_ _192\"> </span></div></div><div class=\"c w92 h2e\" style=\"left:170.04675px; bottom:41.76689px;\"><div class=\"t m4 x10 h8 y19b1 ff2 fs6 fc0 sc0 ls0 ws0\">2022<span class=\"_ _192\"> </span></div></div><div class=\"c w11e h2e\" style=\"left:197.03476px; bottom:41.76689px;\"><div class=\"t m4 x10 h8 y19b1 ff2 fs6 fc0 sc0 ls0 ws0\">r. saldo nale\u017cno\u015bci od 7 najwi\u0119kszych odbior<span class=\"_ _3\"></span>c\u00f3w stanowi 5</div></div><div class=\"c w8 h2e\" style=\"left:479.69482px; bottom:41.76689px;\"><div class=\"t m4 x10 h8 y19b1 ff2 fs6 fc0 sc0 ls0 ws0\">8</div></div><div class=\"c w11f h2e\" style=\"left:485.63452px; bottom:41.76689px;\"><div class=\"t m4 x10 h8 y19b1 ff2 fs6 fc0 sc0 ls0 ws0\">% salda nale\u017cno\u015bci od<span class=\"_ _3\"></span> </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:30.690628px;\">odbiorc\u00f3w <span class=\"_ _1\"> </span>(2021 <span class=\"_ _1\"> </span>r.: <span class=\"_ _74\"> </span>49%). <span class=\"_ _1\"> </span>Po<span class=\"_ _2\"></span>mimo <span class=\"_ _74\"> </span>koncentracji <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>tego<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>ocenia <span class=\"_ _74\"> </span>si\u0119, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _74\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:16.494637px;\">dost\u0119pne <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>historyczne <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>wieloletnie <span class=\"_ _74\"> </span>do\u015bwiadczeni<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>we <span class=\"_ _1\"> </span>wsp\u00f3\u0142pracy <span class=\"_ _1\"> </span>z klientami, <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>r\u00f3wnie\u017c </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:100.31506px; bottom:2.298645px;\">stosowane zabezpi<span class=\"_ _3\"></span>eczenia wyst\u0119puje niski s<span class=\"_ _3\"></span>topie\u0144 ryzyka kred<span class=\"_ _3\"></span>ytowego.<span class=\"_ _192\"> </span></div>Koncentracja geograficzna<span class=\"_ _3\"></span> Sp\u00f3\u0142ki Grupy <span class=\"_ _2\"></span>Kapita\u0142owej od wie<span class=\"_ _2\"></span>lu lat <span class=\"_ _2\"></span>wsp\u00f3\u0142pracuj\u0105 z du\u017c\u0105 <span class=\"_ _2\"></span>liczb\u0105 klient\u00f3w, co <span class=\"_ _2\"></span>wp\u0142ywa na <span class=\"_ _2\"></span>geograficzn\u0105 dywersyfikacj\u0119 <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>od<span class=\"_ _3\"></span>biorc\u00f3w. <span class=\"_ _53\"></span>S<span class=\"_ _2\"></span>topie\u0144 <span class=\"_ _53\"></span>geograficznej <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>ncentracji <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"></span>kredytow<span class=\"_ _3\"></span>ego <span class=\"_ _0\"></span>dla nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w przedsta<span class=\"_ _3\"></span>wia poni\u017csza tabela.  Nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w (netto) Stan na 31.12.2022 Stan na 31.12.2021 Polska 40%<span class=\"_ _192\"> </span>59%<span class=\"_ _192\"> </span>Kanada  19%<span class=\"_ _192\"> </span>8%<span class=\"_ _192\"> </span>Unia Europejska (z <span class=\"_ _3\"></span>wy\u0142. Polski) 10%<span class=\"_ _192\"> </span>10%<span class=\"_ _192\"> </span>Azja 26%<span class=\"_ _192\"> </span>17%<span class=\"_ _192\"> </span>Inne kraje 5%<span class=\"_ _192\"> </span>6%<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a i za\u0142o\u017cenia<span class=\"_ _3\"></span> 31.12.2022<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Przedzia\u0142y czasowe<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci<span class=\"_ _192\"> </span>Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Nieprzetermin<span class=\"_ _3\"></span>owane<span class=\"_ _192\"> </span>0,1-2,7<span class=\"_ _192\"> </span>401<span class=\"_ _192\"> </span>(2)<span class=\"_ _192\"> </span>0,2-5,1<span class=\"_ _192\"> </span>373<span class=\"_ _192\"> </span>(3)<span class=\"_ _192\"> </span>&lt;1,30)<span class=\"_ _192\"> </span>0,2-8,1<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>0,4-7,8<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>&lt;30,60)<span class=\"_ _192\"> </span>5,5-41,4<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>3,1-34,2<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>&lt;60,90)<span class=\"_ _192\"> </span>34,1-72,3<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>42,9-75,5<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Default<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>(35)<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>37<span class=\"_ _192\"> </span>(32)<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>466<span class=\"_ _192\"> </span>(39)<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>(36)<span class=\"_ _192\"> </span>*Prawdop<span class=\"_ _2\"></span>odobie\u0144stw<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>niew<span class=\"_ _2\"></span>ykonania <span class=\"_ _53\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rezentuj\u0105 <span class=\"_ _53\"></span>zakresy <span class=\"_ _53\"></span>kalkulowane <span class=\"_ _53\"></span>ind<span class=\"_ _2\"></span>ywidulanie <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>oparciu o <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>rzeczyw<span class=\"_ _2\"></span>iste <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>histo<span class=\"_ _2\"></span>ryczne <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zakresie<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>liczby <span class=\"_ _1\"> </span>dni <span class=\"_ _1\"> </span>op<span class=\"_ _2\"></span>\u00f3\u017anie\u0144 <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>przyj<span class=\"_ _2\"></span>\u0119tym <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Grup<span class=\"_ _2\"></span>ie <span class=\"_ _1\"> </span>modelem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>kalkula<span class=\"_ _2\"></span>cji <span class=\"_ _1\"> </span>oczekiwan<span class=\"_ _2\"></span>ej <span class=\"_ _1\"> </span>straty kredytow<span class=\"_ _2\"></span>ej dla nale\u017c<span class=\"_ _2\"></span>no\u015bci handlow<span class=\"_ _2\"></span>ych. **Kwota odp<span class=\"_ _2\"></span>isu uw<span class=\"_ _2\"></span>zgl\u0119dnia odzysk wy<span class=\"_ _2\"></span>nikaj\u0105cy z zabez<span class=\"_ _2\"></span>piecze\u0144 nal<span class=\"_ _2\"></span>e\u017cno\u015bci<span class=\"ff2\">. </span>Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia zmian\u0119 stanu <span class=\"_ _3\"></span>nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w wycenian<span class=\"_ _3\"></span>ych w zamortyzowan<span class=\"_ _3\"></span>ym koszcie. Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Grupa <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>osuje  m<span class=\"_ _3\"></span>odel  u<span class=\"_ _3\"></span>proszczony  d<span class=\"_ _3\"></span>o  kalkulacji <span class=\"_ _74\"> </span>odpis\u00f3w  z<span class=\"_ _3\"></span>  tytu\u0142u <span class=\"_ _74\"> </span>utraty  warto\u015bci <span class=\"_ _74\"> </span>dla  nale\u017cn<span class=\"_ _3\"></span>o\u015bci  od <span class=\"_ _74\"> </span>odbiorc\u00f3w <span class=\"_ _58\"> </span>(bez wzgl\u0119du <span class=\"_ _5a\"> </span>na <span class=\"_ _54\"> </span>termin <span class=\"_ _5a\"> </span>zapadalno\u015bci). <span class=\"_ _5a\"> </span>Oczekiwana <span class=\"_ _54\"> </span>strata <span class=\"_ _5a\"> </span>kredytowa <span class=\"_ _5a\"> </span>dla <span class=\"_ _54\"> </span>nale\u017cno\u015bci <span class=\"_ _5a\"> </span>od <span class=\"_ _54\"> </span>odbior<span class=\"_ _3\"></span>c\u00f3w <span class=\"_ _54\"> </span>jest <span class=\"_ _5a\"> </span>kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy o<span class=\"_ _2\"></span>kres sprawozdawczy po momencie uj\u0119cia <span class=\"_ _2\"></span>nale\u017cno\u015bci w sprawozdaniu z sytuacji <span class=\"_ _2\"></span>finans<span class=\"_ _3\"></span>owej oraz <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>aktualizowana <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>ka\u017cdy <span class=\"_ _74\"> </span>kolejny <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>ko\u0144cz\u0105cy <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _1\"> </span>sprawozdawczy. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>cel\u00f3w <span class=\"_ _74\"> </span>oszacowania <span class=\"_ _1\"> </span>oczekiwanej straty <span class=\"_ _5a\"> </span>kredyt<span class=\"_ _3\"></span>owej <span class=\"_ _5a\"> </span>dla <span class=\"_ _59\"> </span>nale\u017cno\u015bci <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _59\"> </span>odbiorc\u00f3w <span class=\"_ _5a\"> </span>jednostki <span class=\"_ _59\"> </span>Grupy <span class=\"_ _5a\"> </span>wykorzystuj\u0105 <span class=\"_ _59\"> </span>macierze <span class=\"_ _59\"> </span>rezerw <span class=\"_ _59\"> </span>(<span class=\"_ _2\"></span><span class=\"ff3\">provision <span class=\"_ _59\"> </span>matrix</span>) zbudowane <span class=\"_ _53\"></span>w oparciu <span class=\"_ _2\"></span>o historyczne <span class=\"_ _53\"></span>poziomy <span class=\"_ _53\"></span>sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>kt\u00f3re <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>poddawane <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresowe<span class=\"_ _3\"></span>j rekalibracji w celu <span class=\"_ _3\"></span>aktualizacji.  Odpis <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>oczekiwane <span class=\"_ _2\"></span>straty kredytowe <span class=\"_ _2\"></span>wycenia si\u0119 <span class=\"_ _53\"></span>w kwocie <span class=\"_ _2\"></span>r\u00f3wnej <span class=\"_ _2\"></span>oczekiwanym st<span class=\"_ _2\"></span>ratom kredytowym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>ca\u0142ym o<span class=\"_ _2\"></span>kresie \u017cycia <span class=\"_ _2\"></span>nale<span class=\"_ _2\"></span>\u017cno\u015bci. <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>przyj\u0119\u0142a <span class=\"_ _53\"></span>za\u0142o\u017cenie, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>charakteryzowane <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>liczb\u0119 <span class=\"_ _53\"></span>dni <span class=\"_ _53\"></span>op\u00f3\u017anienia <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>en parametr <span class=\"_ _5e\"> </span>determinuje <span class=\"_ _67\"> </span>szac<span class=\"_ _3\"></span>owane <span class=\"_ _67\"> </span>PD, <span class=\"_ _5e\"> </span>czyli <span class=\"_ _67\"> </span>prawd<span class=\"_ _3\"></span>opodobie\u0144stw<span class=\"_ _3\"></span>o <span class=\"_ _67\"> </span>op\u00f3\u017anienia <span class=\"_ _5e\"> </span>p\u0142atno\u015bci <span class=\"_ _67\"> </span>na<span class=\"_ _3\"></span>le\u017cno\u015bci <span class=\"_ _67\"> </span>handl<span class=\"_ _3\"></span>owych o co najmniej <span class=\"_ _1\"> </span>90 <span class=\"_ _74\"> </span>dni. <span class=\"_ _74\"> </span>Na <span class=\"_ _74\"> </span>potrzeby <span class=\"_ _74\"> </span>estymacji <span class=\"_ _1\"> </span>PD <span class=\"_ _74\"> </span>wyodr\u0119bniono <span class=\"_ _1\"> </span>5 <span class=\"_ _74\"> </span>grup <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>oparciu <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>kryterium <span class=\"_ _1\"> </span>dni <span class=\"_ _74\"> </span>op\u00f3\u017anienia w terminie p\u0142atno\u015b<span class=\"_ _3\"></span>ci, zgodnie z przedzia\u0142ami <span class=\"_ _3\"></span>przedstawionymi p<span class=\"_ _3\"></span>oni\u017cej jako \u201eWa\u017cn<span class=\"_ _3\"></span>e oszacowania i <span class=\"_ _3\"></span>za\u0142o\u017cenia\u201d.  Za <span class=\"_ _0\"></span>zdarzenie <span class=\"_ _0\"></span>niewyp\u0142acalno\u015bci <span class=\"_ _0\"></span>(<span class=\"ff3\">default</span>) <span class=\"_ _0\"></span>uznaje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wywi\u0105zania <span class=\"_ _53\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>kontrahenta <span class=\"_ _0\"></span>po <span class=\"_ _0\"></span>up\u0142ywie 90 dni od <span class=\"_ _2\"></span>dnia wymagalno\u015bci nale\u017cno\u015bci. W <span class=\"_ _2\"></span>celu obliczenia <span class=\"_ _2\"></span>odpisu z tyt<span class=\"_ _2\"></span>u\u0142u oczekiwanej straty kredytowej  <span class=\"_ _2\"></span>uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczen<span class=\"_ _3\"></span>ia przypisuj\u0105c poszcze<span class=\"_ _3\"></span>g\u00f3lnym typom zab<span class=\"_ _3\"></span>ezpiecze\u0144 oczekiwan\u0105 st<span class=\"_ _3\"></span>op\u0119 odzysku. Ponadto, <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>kalkulac<span class=\"_ _3\"></span>ji <span class=\"_ _5a\"> </span>ECL <span class=\"_ _59\"> </span>uwzgl\u0119dnia <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>informacje <span class=\"_ _5a\"> </span>dotycz\u0105<span class=\"_ _3\"></span>ce <span class=\"_ _5a\"> </span>przysz\u0142o\u015bci <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>stosowanych <span class=\"_ _59\"> </span>parametrach <span class=\"_ _59\"> </span>modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _146\"> </span>prawdopodobie\u0144<span class=\"_ _3\"></span>stwa  niewyp\u0142acalno\u015bci. Oznacza <span class=\"_ _1\"> </span>to, <span class=\"_ _74\"> </span>\u017ce <span class=\"_ _1\"> </span>je\u017celi <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>wyniku <span class=\"_ _1\"> </span>analizy <span class=\"_ _1\"> </span>danych <span class=\"_ _74\"> </span>makroekonomic<span class=\"_ _3\"></span>znych <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>akich <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>np.: <span class=\"_ _74\"> </span> <span class=\"_ _1\"> </span>bie\u017c\u0105ca <span class=\"_ _74\"> </span>dynamika <span class=\"_ _1\"> </span>PKB, <span class=\"_ _1\"> </span>warto\u015b\u0107 inflacji, <span class=\"_ _0\"></span>wska\u017anik <span class=\"_ _0\"></span>bezrob<span class=\"_ _3\"></span>ocia <span class=\"_ _0\"> </span>czy <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _0\"></span>WIG, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>uzna, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _0\"></span>nast\u0105pi\u0142o <span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>pogorsz<span class=\"_ _3\"></span>enie <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>stosunku <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>poprzedniego okresu, <span class=\"_ _74\"> </span>w  kalkula<span class=\"_ _3\"></span>cji <span class=\"_ _74\"> </span>ECL  uwz<span class=\"_ _3\"></span>gl\u0119dnia <span class=\"_ _74\"> </span>si\u0119  cz<span class=\"_ _3\"></span>ynnik <span class=\"_ _74\"> </span><span class=\"ff3\">looking <span class=\"_ _74\"> </span>forward</span>, <span class=\"_ _74\"> </span>koryguj\u0105cy  ryz<span class=\"_ _3\"></span>yko <span class=\"_ _58\"> </span>zwi\u0105zan<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>ze  spadki<span class=\"_ _3\"></span>em <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>dzysk\u00f3w<span class=\"_ _3\"></span> z nale\u017cno\u015bci. <span class=\"_ _146\"> </span>Mimo <span class=\"_ _57\"> </span>rosn\u0105cej <span class=\"_ _57\"> </span>inflacji <span class=\"_ _57\"> </span>przy <span class=\"_ _57\"> </span>korzystnym <span class=\"_ _146\"> </span>kszta\u0142towaniu <span class=\"_ _146\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>m.in. <span class=\"_ _57\"> </span>wska\u017anik\u00f3w  PKB, <span class=\"_ _57\"> </span>bezrobocia <span class=\"_ _57\"> </span>a <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>ak\u017ce<span class=\"_ _3\"></span> prognoz <span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>wska\u017anik\u00f3w <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>stwierdzi\u0142a <span class=\"_ _2\"></span>pogorszenia <span class=\"_ _2\"></span>czynnik\u00f3w <span class=\"_ _2\"></span>makroekonomicznyc<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 ko\u0144cz\u0105cy okres spraw<span class=\"_ _3\"></span>ozdawczy tj. <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>022 r<span class=\"_ _192\"> </span>.<span class=\"_ _192\"> </span><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:427.75854px; bottom:857.3268px;\">2022 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:537.5825px; bottom:857.3268px;\">2021 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:59.44275px; bottom:839.07477px;\">Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 1 stycznia<span class=\"ff2\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:469.72253px; bottom:841.8828px;\">435<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:577.83075px; bottom:841.8828px;\">444<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:64.12268px; bottom:822.6948px;\">Zmiana stanu na<span class=\"_ _3\"></span>le\u017cno\u015bci  </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:475.6505px; bottom:823.6308px;\">31<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:589.5309px; bottom:823.6308px;\">5<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:64.12268px; bottom:804.4428px;\">Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:484.23053px; bottom:805.3788px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:576.58246px; bottom:805.3788px;\">(14)<span class=\"_ _192\"> </span></div><div class=\"c w12c h2e\" style=\"left:1.254715px; bottom:784.7877px;\"><div class=\"t m4 x10 h8 y1016 ff2 fs6 fc2 sc0 ls0 ws0\">Nota 10.2<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:59.44275px; bottom:786.1908px;\">Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 31 grudnia<span class=\"fc0\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:469.72253px; bottom:787.28284px;\">466<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:577.83075px; bottom:787.28284px;\">435<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:761.8548px;\">Poni\u017csza <span class=\"_ _146\"> </span>tabe<span class=\"_ _2\"></span>la <span class=\"_ _146\"> </span>przedstawia <span class=\"_ _57\"> </span>zmian\u0119 <span class=\"_ _57\"> </span>oszacowania <span class=\"_ _57\"> </span>oczekiwanej <span class=\"_ _146\"> </span>st<span class=\"_ _2\"></span>raty <span class=\"_ _57\"> </span>kredytowej <span class=\"_ _146\"> </span>z <span class=\"_ _57\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _146\"> </span>nale\u017cno<span class=\"_ _2\"></span>\u015bci <span class=\"_ _146\"> </span>od <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>dbiorc\u00f3w<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:747.8148px;\">wycenianych w zam<span class=\"_ _3\"></span>ortyzowanym <span class=\"_ _3\"></span>koszcie. </div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:59.44275px; bottom:730.1868px;\"> <span class=\"_ _14e\"> </span><span class=\"fc2\">2022 </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:534.7748px; bottom:730.1868px;\">2021 </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:59.44275px; bottom:711.9348px;\">Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 1 stycznia<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> <span class=\"_ _5c\"> </span> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:473.62274px; bottom:714.74286px;\">36<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:576.58246px; bottom:714.74286px;\">53<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:62.250687px; bottom:695.5549px;\">Zmiana odpisu w okr<span class=\"_ _3\"></span>esie uj\u0119ta w ra<span class=\"_ _3\"></span>chunku wynik\u00f3w </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:479.69482px; bottom:696.49084px;\">3</div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:574.2425px; bottom:696.49084px;\"> (3)<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:62.250687px; bottom:677.30286px;\">Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:481.7345px; bottom:678.39484px;\">-<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:570.9665px; bottom:678.39484px;\">(14)<span class=\"_ _192\"> </span></div><div class=\"c w12c h2e\" style=\"left:1.254715px; bottom:657.0237px;\"><div class=\"t m4 x10 h8 y1751 ff2 fs6 fc2 sc0 ls0 ws0\">Nota 10.2<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:59.44275px; bottom:658.4269px;\">Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 31 grudni<span class=\"_ _3\"></span>a <span class=\"fc0\"> <span class=\"_ _56\"> </span> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:473.62274px; bottom:659.51886px;\">39<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc0 sc0 ls0 ws0\" style=\"left:576.58246px; bottom:659.51886px;\">36<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:625.6669px;\">Na dzie\u0144 <span class=\"_ _2\"></span>31 g<span class=\"_ _2\"></span>rudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>kwota wie<span class=\"_ _2\"></span>rzytelno\u015bci spornych wynosi 36 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>(na dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2021 r.<span class=\"_ _2\"></span> 35 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN). </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:611.4709px;\">Grupa <span class=\"_ _5a\"> </span>Kapita\u0142owa <span class=\"_ _54\"> </span>prowadzi <span class=\"_ _5a\"> </span>dzia\u0142ania <span class=\"_ _5a\"> </span>zmierzaj\u0105ce <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>odzys<span class=\"_ _3\"></span>kania <span class=\"_ _5a\"> </span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _5a\"> </span>wierzytelno\u015bci <span class=\"_ _5a\"> </span>lub <span class=\"_ _54\"> </span>wyja\u015bnienia <span class=\"_ _5a\"> </span>zasadno\u015bci </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:597.2749px;\">dochodzenia roszcze<span class=\"_ _3\"></span>\u0144. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:567.6349px;\">Nota <span class=\"_ _74\"> </span>7.5.2.4  R<span class=\"_ _3\"></span>yzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane  z <span class=\"_ _1\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>wsp\u00f3lnemu  pr<span class=\"_ _3\"></span>zedsi\u0119wzi\u0119ciu <span class=\"_ _1\"> </span>Sierra  Gord<span class=\"_ _3\"></span>a </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:553.4389px;\">S.C.M. (POCI) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:535.3429px;\">Ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>uzale\u017cnione <span class=\"_ _1\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _74\"> </span>od <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>zwi\u0105zanego <span class=\"_ _74\"> </span>z realizacj\u0105 <span class=\"_ _74\"> </span>wsp\u00f3lnego </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:521.1469px;\">przedsi\u0119wzi\u0119cia <span class=\"_ _74\"> </span>g\u00f3rniczego <span class=\"_ _74\"> </span>w  Chile <span class=\"_ _74\"> </span>(Sierra  G<span class=\"_ _3\"></span>orda  S.C.<span class=\"_ _3\"></span>M.).  Po\u017cy<span class=\"_ _3\"></span>czki  te <span class=\"_ _74\"> </span>ze  wzgl<span class=\"_ _3\"></span>\u0119du  na <span class=\"_ _74\"> </span>rozpoznan\u0105 <span class=\"_ _74\"> </span>utrat\u0119  warto\u015bci <span class=\"_ _74\"> </span>na </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:507.10693px;\">moment  p<span class=\"_ _3\"></span>ocz\u0105tkowego  uj\u0119cia <span class=\"_ _74\"> </span>ze  wzgl\u0119du  na <span class=\"_ _74\"> </span>ryzyko  kredyt<span class=\"_ _3\"></span>owe,  zakwalifik<span class=\"_ _3\"></span>owane  zosta\u0142<span class=\"_ _3\"></span>y  jako  POC<span class=\"_ _3\"></span>I  i  na <span class=\"_ _74\"> </span>kolejne  dni<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:492.91095px;\">ko\u0144cz\u0105ce <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresy <span class=\"_ _2\"></span>sprawozdawcze <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>wyceniane <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zamortyzowa<span class=\"_ _3\"></span>nym <span class=\"_ _53\"></span>koszcie <span class=\"_ _2\"></span>przy <span class=\"_ _53\"></span>zastosowaniu metody<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>efektywnej <span class=\"_ _2\"></span>stopy </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:478.71497px;\">procentowej z <span class=\"_ _3\"></span>wykorzystaniem  efektyw<span class=\"_ _3\"></span>nej stopy dyskontow<span class=\"_ _3\"></span>ej skorygowanej o ryzyk<span class=\"_ _3\"></span>o kredytowe. <span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:464.51892px;\">Podstaw\u0119 <span class=\"_ _2\"></span>naliczenia <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dsetek <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>po\u017cyczek <span class=\"_ _2\"></span>POCI <span class=\"_ _53\"></span>stanowi <span class=\"_ _53\"></span>ich <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>brutto <span class=\"_ _2\"></span>pomniejszona <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>kwot\u0119 <span class=\"_ _53\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>utraty<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:450.32294px;\">warto\u015bci na momen<span class=\"_ _3\"></span>t pocz\u0105tkowego uj\u0119<span class=\"_ _3\"></span>cia. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:422.08698px;\">Udzielona <span class=\"_ _74\"> </span>po\u017cyczka <span class=\"_ _74\"> </span>nie <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>zabezpiecze\u0144 <span class=\"_ _74\"> </span>ograniczaj\u0105cych <span class=\"_ _1\"> </span>ekspozycj\u0119 <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>ryzyko  k<span class=\"_ _3\"></span>redytowe, <span class=\"_ _74\"> </span>dlatego <span class=\"_ _74\"> </span>maksymalna </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:407.891px;\">warto\u015b\u0107 <span class=\"_ _74\"> </span>nara\u017con\u0105 <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>potencjaln\u0105 <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>rat\u0119 <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>kredytoweg<span class=\"_ _3\"></span>o <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>anowi <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>brutto <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>\u017cyczki, <span class=\"_ _1\"> </span>pomniejszona </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:393.69495px;\">o oczekiwane strat<span class=\"_ _3\"></span>y kredytowe uj\u0119te z<span class=\"_ _3\"></span>godnie z MSSF9. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:365.45898px;\">Zmiany warto\u015bci udz<span class=\"_ _3\"></span>ielonych po\u017cyczek POC<span class=\"_ _3\"></span>I w okresie sprawozd<span class=\"_ _3\"></span>awczym i por\u00f3wnawcz<span class=\"_ _3\"></span>ym przedstawia<span class=\"_ _3\"></span> Nota 6.2. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:337.067px;\">Zar\u00f3wno <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _74\"> </span>sprawozdawczym <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>por\u00f3<span class=\"_ _2\"></span>wnawczym <span class=\"_ _1\"> </span>nie <span class=\"_ _74\"> </span>rozpoznano <span class=\"_ _74\"> </span>oczekiwanej <span class=\"_ _74\"> </span>utraty <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>\u017cyczek </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:322.871px;\">POCI. </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:294.635px;\">Analiza <span class=\"_ _5d\"> </span>wra\u017cliwo\u015bci<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>warto\u015bci <span class=\"_ _69\"> </span>godziwej <span class=\"_ _5d\"> </span>po\u017cyczek <span class=\"_ _5d\"> </span>ze <span class=\"_ _5d\"> </span>wzgl\u0119du <span class=\"_ _69\"> </span>na <span class=\"_ _5d\"> </span>zmiany <span class=\"_ _5d\"> </span>prognozow<span class=\"_ _3\"></span>anych <span class=\"_ _5d\"> </span>przep\u0142yw\u00f3w </div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:280.43903px;\">Sierra Gorda S.C.M.<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:252.04703px;\">Na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>Grupa <span class=\"_ _1\"> </span>Kapita\u0142owa <span class=\"_ _0\"></span>zaklasyfik<span class=\"_ _3\"></span>owa\u0142a <span class=\"_ _0\"></span>wycen\u0119 <span class=\"_ _0\"> </span>do <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"></span>udzielonych <span class=\"_ _0\"></span>po\u017cyczek <span class=\"_ _0\"></span>do<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:238.00702px;\">poziomu <span class=\"_ _0\"></span>3 <span class=\"_ _0\"> </span>hie<span class=\"_ _2\"></span>rarchii <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej, <span class=\"_ _0\"></span>ze <span class=\"_ _0\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>wykorzystanie <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>wycenie <span class=\"_ _0\"></span>istotnego <span class=\"_ _0\"></span>parametru <span class=\"_ _0\"></span>niemierzalnego,<span class=\"_ _3\"></span> </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:223.81104px;\">jakim <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>prognozowane <span class=\"_ _53\"></span>przep\u0142ywy <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _53\"></span>Przep\u0142ywy <span class=\"_ _53\"></span>te <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>najwi\u0119kszym <span class=\"_ _53\"></span>stopniu <span class=\"_ _2\"></span>wra\u017cliwe <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>zmian\u0119 <span class=\"_ _53\"></span>c<span class=\"_ _2\"></span>en </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:209.61505px;\">miedzi, <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>ra <span class=\"_ _0\"> </span>i<span class=\"_ _2\"></span>mplikuje <span class=\"_ _0\"></span>pozosta\u0142e <span class=\"_ _1\"> </span>za\u0142o\u017cenia <span class=\"_ _0\"></span>takie <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>prognozowana<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>produkcja <span class=\"_ _1\"> </span>i <span class=\"_ _0\"> </span>mar\u017ca <span class=\"_ _1\"> </span>operacyjna. <span class=\"_ _1\"> </span>Dlatego <span class=\"_ _1\"> </span>te\u017c <span class=\"_ _0\"></span>Grupa </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:195.41904px;\">przeprowadzi\u0142a an<span class=\"_ _3\"></span>aliz\u0119 wra\u017cliwo\u015bci warto\u015bci <span class=\"_ _3\"></span>godziwej po\u017cyczek n<span class=\"_ _3\"></span>a zmian\u0119 ceny mi<span class=\"_ _3\"></span>edzi. </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:167.18307px;\">Ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>znaczn\u0105 <span class=\"_ _1\"> </span>wra\u017cliwo\u015b\u0107 <span class=\"_ _74\"> </span>prognozowanych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>Sierra <span class=\"_ _1\"> </span>Gorda <span class=\"_ _74\"> </span>S.C.M. <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>zmiany <span class=\"_ _1\"> </span>cen <span class=\"_ _74\"> </span>miedzi, <span class=\"_ _1\"> </span>zgodnie </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:0.006752014px; bottom:152.98706px;\">z MSSF 13 p.93<span class=\"_ _3\"></span>.f Grupa przeprowadzi\u0142a a<span class=\"_ _3\"></span>naliz\u0119 wra\u017cliwo\u015bci wart<span class=\"_ _3\"></span>o\u015bci godziwej (pozi<span class=\"_ _3\"></span>om 3) po\u017cyczek <span class=\"_ _3\"></span>na zmian\u0119 cen miedzi. </div><div class=\"c w2f h2e\" style=\"left:358.65076px; bottom:121.47571px;\"><div class=\"t m4 x10 h8 y19a8 ff1 fs6 fc2 sc0 ls0 ws0\">Ceny miedzi [USD/t]<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:105.87509px;\">Scenariusze 31.12<span class=\"_ _3\"></span>.2022 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>3<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:322.14658px; bottom:105.87509px;\">2024<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:381.89474px; bottom:105.87509px;\">2025<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:442.26654px; bottom:105.87509px;\">2026<span class=\"_ _192\"> </span></div><div class=\"c w92 h2e\" style=\"left:501.5348px; bottom:104.00371px;\"><div class=\"t m4 x10 h8 y1a08 ff1 fs6 fc2 sc0 ls0 ws0\">2027<span class=\"_ _192\"> </span></div></div><div class=\"t m4 h8 ff1 fs6 fc2 sc0 ls0 ws0\" style=\"left:573.1505px; bottom:105.87509px;\">LT<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:89.65109px;\">Bazowy <span class=\"_ _e\"> </span>8 200<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:318.4026px; bottom:89.65109px;\">8 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:379.07486px; bottom:89.65109px;\">8 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:438.05457px; bottom:89.65109px;\">8 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:497.95874px; bottom:89.65109px;\">8 500<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.95447px; bottom:89.65109px;\">7 700<span class=\"_ _192\"> </span></div><div class=\"c w12d h2a\" style=\"left:5.7787094px; bottom:71.399704px;\"><div class=\"t m4 x10 h8 y1153 ff2 fs6 fc0 sc0 ls0 ws0\">Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt<span class=\"_ _192\"> </span></div></div><div class=\"c wd3 h2a\" style=\"left:141.65466px; bottom:71.399704px;\"><div class=\"t m4 x10 h8 y1153 ff2 fs6 fc0 sc0 ls0 ws0\">w ca\u0142ym okresie </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:60.323105px;\">\u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.4986px; bottom:67.343094px;\">7 980<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:318.4026px; bottom:67.343094px;\">8 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:379.07486px; bottom:67.343094px;\">8 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:438.05457px; bottom:67.343094px;\">8 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:497.95874px; bottom:67.343094px;\">8 280<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.95447px; bottom:67.343094px;\">7 480<span class=\"_ _192\"> </span></div><div class=\"c w12e h2e\" style=\"left:5.7787094px; bottom:42.383713px;\"><div class=\"t m4 x10 h8 ybd0 ff2 fs6 fc0 sc0 ls0 ws0\">Bazowy plus 0,1<span class=\"_ _3\"></span> USD/funt w ca\u0142ym okresi<span class=\"_ _3\"></span>e </div></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:5.7787094px; bottom:31.307114px;\">\u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) </div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:258.4986px; bottom:38.48311px;\">8 420<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:318.4026px; bottom:38.48311px;\">8 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:379.07486px; bottom:38.48311px;\">8 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:438.05457px; bottom:38.48311px;\">8 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:497.95874px; bottom:38.48311px;\">8 720<span class=\"_ _192\"> </span></div><div class=\"t m4 h8 ff2 fs6 fc0 sc0 ls0 ws0\" style=\"left:558.95447px; bottom:38.48311px;\">7 920<span class=\"_ _192\"> </span></div>Ceny miedzi [USD/t]<span class=\"_ _192\"> </span>Scenariusze 31.12<span class=\"_ _3\"></span>.2021 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>2023<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>LT<span class=\"_ _192\"> </span>Bazowy <span class=\"_ _e\"> </span>8 500<span class=\"_ _192\"> </span>8 000<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 000<span class=\"_ _192\"> </span>Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt w ca\u0142ym okr<span class=\"_ _3\"></span>esie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 280<span class=\"_ _192\"> </span>7 780<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>6 780<span class=\"_ _192\"> </span>Bazowy plus 0,1<span class=\"_ _3\"></span> USD/funt w ca\u0142y<span class=\"_ _3\"></span>m okresie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 720<span class=\"_ _192\"> </span>8 220<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 220<span class=\"_ _192\"> </span>Warto\u015b\u0107godziwaAnaliza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci godziwej <span class=\"_ _3\"></span> na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu  7 787<span class=\"_ _192\"> </span>8 064<span class=\"_ _192\"> </span>7 465<span class=\"_ _192\"> </span>Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu (mln USD)<span class=\"_ _192\"> </span>1 769<span class=\"_ _192\"> </span>1 832<span class=\"_ _192\"> </span>1 696<span class=\"_ _192\"> </span>Warto\u015b\u0107bilansowaAnaliza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci bilans<span class=\"_ _3\"></span>owej  na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu 9 603<span class=\"_ _192\"> </span>9 7669 380Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu (mln USD)<span class=\"_ _192\"> </span>2 182<span class=\"_ _192\"> </span>2 219<span class=\"_ _192\"> </span>2 131<span class=\"_ _192\"> </span>Maksymalna <span class=\"_ _59\"> </span>po<span class=\"_ _3\"></span>tencjalna <span class=\"_ _59\"> </span>warto\u015b\u0107 <span class=\"_ _57\"> </span>bilansowa <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _59\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>za\u0142o\u017ceniu <span class=\"_ _59\"> </span>wype\u0142nienia <span class=\"_ _57\"> </span>zobowi\u0105za\u0144 umownych wyn<span class=\"_ _3\"></span>osi 2 576 mln USD (11 <span class=\"_ _3\"></span>339 mln PLN). W <span class=\"_ _53\"></span>dniu <span class=\"_ _2\"></span>22 <span class=\"_ _53\"></span>lutego <span class=\"_ _53\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>mia\u0142o <span class=\"_ _2\"></span>miejsce <span class=\"_ _53\"></span>zako\u0144czenie <span class=\"_ _2\"></span>transakcji <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>udzia\u0142\u00f3w <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>ierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _2\"></span>przez Sumitomo Metal Mining Co., Ltd. oraz Sumitomo Corporation do South32 Limited, australijskiej grupy g\u00f3rniczej z siedzib\u0105 w Perth. Transakcja <span class=\"_ _3\"></span>zosta\u0142a przeprowadzona na<span class=\"_ _3\"></span> podstawie um<span class=\"_ _3\"></span>\u00f3w sprzeda\u017cy za<span class=\"_ _3\"></span>wartych w dniu 1<span class=\"_ _3\"></span>4 pa\u017adziernika 20<span class=\"_ _3\"></span>21 r.  Maj\u0105c <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>uwadze <span class=\"_ _0\"></span>powy\u017csz\u0105 <span class=\"_ _0\"></span>transakcj\u0119 <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wiedzy <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>mat <span class=\"_ _0\"></span>szczeg\u00f3\u0142\u00f3w <span class=\"_ _0\"></span>procesu <span class=\"_ _0\"></span>negocjacji <span class=\"_ _0\"></span>warunk\u00f3w <span class=\"_ _0\"></span>transakcji oraz <span class=\"_ _2\"></span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>dok<span class=\"_ _3\"></span>onanych <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>strony <span class=\"_ _53\"></span>uczestnicz\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>transakcji, <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>akt, <span class=\"_ _2\"></span>i\u017c <span class=\"_ _53\"></span>udzia\u0142y <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>.C.M. <span class=\"_ _2\"></span>nie <span class=\"_ _53\"></span>s\u0105<span class=\"_ _3\"></span> przedmiotem publiczn<span class=\"_ _3\"></span>ych notowa\u0144, nie jest zasadne dokonanie wyceny bilan<span class=\"_ _3\"></span>sowej warto\u015bci po\u017cyczki poprzez <span class=\"_ _3\"></span>odniesienie wprost <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>transakcyjnej <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>transakcji <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>zaanga\u017cowania w <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda S.C.M. (<span class=\"_ _2\"></span>tj. <span class=\"_ _2\"></span>udzia\u0142u <span class=\"_ _53\"></span>kapita\u0142oweg<span class=\"_ _3\"></span>o oraz nale\u017cno\u015bci po\u017c<span class=\"_ _3\"></span>yczkowej).  Niemniej  jednak <span class=\"_ _74\"> </span>Grupa  dokona\u0142a  por<span class=\"_ _3\"></span>\u00f3wnania  warto\u015bci  bilans<span class=\"_ _3\"></span>owej  zaanga\u017c<span class=\"_ _3\"></span>owania  we  wsp<span class=\"_ _3\"></span>\u00f3lne  przedsi\u0119wzi\u0119<span class=\"_ _3\"></span>cie  Sierra Gorda  S.C.M. <span class=\"_ _146\"> </span>(tj. <span class=\"_ _146\"> </span>nale\u017cno\u015b\u0107 <span class=\"_ _146\"> </span>z <span class=\"_ _146\"> </span>ty<span class=\"_ _2\"></span>t.  po<span class=\"_ _2\"></span>\u017cyczki  oraz  inwestycja  w  instrumenty <span class=\"_ _146\"> </span>kapita\u0142owe)  do<span class=\"_ _2\"></span>  ceny <span class=\"_ _146\"> </span>transakcyjnej  w <span class=\"_ _146\"> </span>ce<span class=\"_ _2\"></span>lu weryfikacji, <span class=\"_ _59\"> </span>czy <span class=\"_ _57\"> </span>\u0142<span class=\"_ _2\"></span>\u0105czna <span class=\"_ _57\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>bilansowa <span class=\"_ _59\"> </span>zaanga\u017c<span class=\"_ _3\"></span>owania <span class=\"_ _59\"> </span>nie <span class=\"_ _57\"> </span>odbiega <span class=\"_ _59\"> </span>istotnie <span class=\"_ _59\"> </span>od <span class=\"_ _59\"> </span>warto\u015bci<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>jaka <span class=\"_ _59\"> </span>wynika\u0142aby <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>ceny transakcyjnej, <span class=\"_ _0\"></span>uwzgl\u0119dniaj\u0105c: <span class=\"_ _0\"></span>(i) ograniczenia <span class=\"_ _0\"></span>co do mo\u017cliwo\u015bci <span class=\"_ _0\"></span>uzyskania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>Grup\u0119 <span class=\"_ _1\"> </span>pe\u0142nej <span class=\"_ _0\"></span>wiedzy <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>zakresie <span class=\"_ _1\"> </span>procesu doj\u015bcia <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>ceny <span class=\"_ _0\"></span>transakcyjnej <span class=\"_ _0\"> </span>oraz <span class=\"_ _0\"> </span>(ii)<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>r\u00f3\u017cnice <span class=\"_ _1\"> </span>w zastosowanych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sto<span class=\"_ _2\"></span>pach <span class=\"_ _0\"></span>dyskonta <span class=\"_ _0\"></span>przysz\u0142ych <span class=\"_ _0\"> </span>oczekiwanych <span class=\"_ _0\"> </span>przep\u0142yw\u00f3w pieni\u0119\u017cnych <span class=\"_ _2\"></span>mo\u017cliwych <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>uzyskania <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>JV <span class=\"_ _53\"></span>(tj. efektywna <span class=\"_ _3\"></span>stopa <span class=\"_ _53\"></span>procent<span class=\"_ _3\"></span>owa <span class=\"_ _53\"></span>dla <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>po\u017cyczki <span class=\"_ _2\"></span>wg <span class=\"_ _53\"></span>MSSF9 <span class=\"_ _2\"></span>vs <span class=\"_ _53\"></span>stopa <span class=\"_ _53\"></span>zwr<span class=\"_ _3\"></span>otu oczekiwana prz<span class=\"_ _3\"></span>ez inwestora w wycenie c<span class=\"_ _3\"></span>eny transakcyjn<span class=\"_ _3\"></span>ej).  W <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>cenie <span class=\"_ _54\"> </span>Zarz\u0105du <span class=\"_ _55\"> </span>warto\u015b\u0107 <span class=\"_ _55\"> </span>po\u017cyczek <span class=\"_ _54\"> </span>oszacowana <span class=\"_ _54\"> </span>przez <span class=\"_ _55\"> </span>Grup\u0119 <span class=\"_ _55\"> </span>nie <span class=\"_ _55\"> </span>odbiega <span class=\"_ _54\"> </span>istot<span class=\"_ _2\"></span>nie <span class=\"_ _54\"> </span>od <span class=\"_ _55\"> </span>kwoty, <span class=\"_ _55\"> </span>kt\u00f3ra <span class=\"_ _54\"> </span>zost<span class=\"_ _2\"></span>a\u0142aby<span class=\"_ _3\"></span> ustalona poprzez <span class=\"_ _3\"></span>odniesienie do <span class=\"_ _3\"></span>ceny transakcyjnej.  Nota 7.5.2.5 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z pozosta\u0142ymi aktyw<span class=\"_ _3\"></span>ami finansowymi<span class=\"_ _3\"></span> Na <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>31 <span class=\"_ _74\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>n<span class=\"_ _2\"></span>ajistotniejsz\u0105 <span class=\"_ _1\"> </span>pozycj\u0119 <span class=\"_ _74\"> </span>w  poz<span class=\"_ _3\"></span>osta\u0142ych <span class=\"_ _74\"> </span>aktywach <span class=\"_ _1\"> </span>finansowych <span class=\"_ _74\"> </span>stanowi\u0142y <span class=\"_ _74\"> </span>\u015brodki <span class=\"_ _74\"> </span>pieni\u0119\u017cne zgromadzone <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach <span class=\"_ _2\"></span>bankowych F<span class=\"_ _2\"></span>unduszu L<span class=\"_ _2\"></span>ikwidacji <span class=\"_ _2\"></span>Zak\u0142adu G\u00f3rniczego <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kwocie <span class=\"_ _2\"></span>407 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia 2021 r. <span class=\"_ _3\"></span>429 mln PLN). Wszystkie <span class=\"_ _57\"> </span>rachunki <span class=\"_ _59\"> </span>celowe <span class=\"_ _57\"> </span>Grupy, <span class=\"_ _59\"> </span>s\u0142u\u017c\u0105ce <span class=\"_ _57\"> </span>gromadzeniu <span class=\"_ _57\"> </span>\u015brodk\u00f3w <span class=\"_ _59\"> </span>pieni\u0119\u017cnych <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>celu <span class=\"_ _57\"> </span>pokrycia <span class=\"_ _59\"> </span>przysz\u0142<span class=\"_ _3\"></span>ych <span class=\"_ _59\"> </span>koszt\u00f3w<span class=\"_ _3\"></span> likwidacji <span class=\"_ _53\"></span>kopal\u0144 <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>innych <span class=\"_ _2\"></span>obiekt\u00f3w <span class=\"_ _53\"></span>technologicz<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>rekultywacji <span class=\"_ _53\"></span>sk\u0142adowisk <span class=\"_ _2\"></span>odpad\u00f3w, <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>prowadzone <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>banki posiadaj\u0105ce ratin<span class=\"_ _3\"></span>g na poziomie najwy\u017csz<span class=\"_ _3\"></span>ym lub \u015bredniowys<span class=\"_ _3\"></span>okim, potwierdzaj\u0105cy b<span class=\"_ _3\"></span>ezpiecze\u0144stwo <span class=\"_ _3\"></span>ulokowanych \u015brodk\u00f3w.<span class=\"_ _3\"></span> W <span class=\"_ _0\"></span>tabelach <span class=\"_ _53\"></span>poni\u017cej <span class=\"_ _0\"></span>zaprezento<span class=\"_ _3\"></span>wano <span class=\"_ _0\"></span>poziom <span class=\"_ _53\"></span>koncentracji <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _0\"></span>funduszy <span class=\"_ _53\"></span>celowych <span class=\"_ _0\"></span>s\u0142u\u017c\u0105cych gromadzeniu <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>celu <span class=\"_ _0\"></span>pokrycia<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>przysz\u0142ych <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _53\"></span>likwidacji <span class=\"_ _0\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>innych <span class=\"_ _53\"></span>obiekt\u00f3w technologicznych,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>wed\u0142ug <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej <span class=\"_ _0\"></span>instytucji <span class=\"_ _53\"></span>finansowych, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _0\"></span>\u015brodki <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>przechowywane <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rachunkach celowych.<span class=\"_ _192\"> </span> Poziom ratingu<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021 Najwy\u017cszy <span class=\"_ _6f\"> </span>AAA do AA- wg S&amp;P i Fitch oraz<span class=\"_ _3\"></span> od Aaa do Aa<span class=\"_ _3\"></span>3 wg Moody\u2019s 12% 10% \u015aredniowysoki od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> 88% 90% Stan na  31.12.2022 Stan na 31.12.2021<span class=\"ff2\"> </span>Kontrahent 1 358 331 Kontrahent 2 49 53 Kontrahent 3 - 45 Razem 407 429<span class=\"_ _192\"> </span>Odpisy <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _53\"></span>zgromadzo<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rachunkach <span class=\"_ _2\"></span>bankowych w <span class=\"_ _53\"></span>funduszach <span class=\"_ _2\"></span>celowych Funduszu <span class=\"_ _54\"> </span>Lik<span class=\"_ _3\"></span>widacji <span class=\"_ _54\"> </span>Zak<span class=\"_ _3\"></span>\u0142adu <span class=\"_ _54\"> </span>G\u00f3rniczeg<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidualnie <span class=\"_ _54\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _54\"> </span>salda <span class=\"_ _5a\"> </span>dotycz\u0105cego <span class=\"_ _54\"> </span>dan<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>instytucj<span class=\"_ _3\"></span>i finansowej. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>oceny <span class=\"_ _0\"></span>ryzyka<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>u\u017cyto <span class=\"_ _53\"></span>zewn\u0119trzne <span class=\"_ _0\"></span>ratingi <span class=\"_ _53\"></span>bank\u00f3w. <span class=\"_ _53\"></span>Analiza <span class=\"_ _0\"></span>wykaza\u0142a, <span class=\"_ _53\"></span>i\u017c <span class=\"_ _0\"></span>aktywa <span class=\"_ _53\"></span>te <span class=\"_ _0\"></span>maj\u0105 <span class=\"_ _53\"></span>niskie ryzyko  kredytowe  na  dzie\u0144  sprawozdawczy<span class=\"_ _3\"></span>.  Grupa  skorzysta\u0142a  z  uproszczenia  dozwolon<span class=\"_ _3\"></span>ego  przez  standard  i  odpis z tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>12-miesi\u0119cznych st<span class=\"_ _2\"></span>rat <span class=\"_ _2\"></span>kredytowych. Kalkulacja <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 kwot\u0119 odpisu z ty<span class=\"_ _3\"></span>tu\u0142u utraty warto\u015bci. A<span class=\"_ _3\"></span>ktywa te zaliczone s\u0105 <span class=\"_ _3\"></span>do Stopnia 1 mod<span class=\"_ _3\"></span>elu utraty warto\u015bci. <span class=\"_ _3\"></span> Ponadto <span class=\"_ _59\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105c<span class=\"_ _3\"></span>a <span class=\"_ _59\"> </span>do<span class=\"_ _2\"></span>kona\u0142a <span class=\"_ _59\"> </span>zmiany <span class=\"_ _59\"> </span>f<span class=\"_ _2\"></span>ormy <span class=\"_ _59\"> </span>Funduszu <span class=\"_ _59\"> </span>Rekultywacji <span class=\"_ _5a\"> </span>Sk\u0142ado<span class=\"_ _3\"></span>wisk <span class=\"_ _59\"> </span>Odpad\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>rachunku bankowego na gwar<span class=\"_ _3\"></span>ancj\u0119 bankow\u0105 <span class=\"_ _3\"></span>z dniem 15 lipca 2<span class=\"_ _3\"></span>022 r.<span class=\"_ _192\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "Nota 7.5.1 Ryzyko rynkowe Poprzez  ryzyko  rynkowe,  na  kt\u00f3re  nara\u017cona  jest  Grupa  Kapita\u0142owa,  rozumie  si\u0119  mo\u017cliwo\u015b\u0107  wyst\u0105pienia  negatywnego wp\u0142ywu  na  wyniki  Grupy  wynikaj\u0105cego  ze  zmiany  cen  rynkowych  towar\u00f3w,  kurs\u00f3w  walutowych  i  st\u00f3p  procentowych, d\u0142u\u017cnych papier\u00f3w warto\u015bciowych oraz cen akcji sp\u00f3\u0142ek notowanych w obrocie publicznym. Nota 7.5.1.1 Zasady i techniki zarz\u0105dzania ryzykiem rynkowym W  zakresie  zarz\u0105dzania  ryzykiem  rynkowym  (w  szczeg\u00f3lno\u015bci  ryzykiem  zmian  cen  metali  i  walutowym)  najwi\u0119ksze znaczenie  oraz  wp\u0142yw  na  wyniki  Grupy  Kapita\u0142owej  KGHM  Polska  Mied\u017a  S.A.  ma  skala  i  profil  dzia\u0142alno\u015bci  Jednostki Dominuj\u0105cej oraz sp\u00f3\u0142ek wydobywczych KGHM INTERNATIONAL LTD. Jednostka  Dominuj\u0105ca  aktywnie  zarz\u0105dza  ryzykiem  rynkowym,  podejmuj\u0105c  dzia\u0142ania  i  decyzje  w  tym  zakresie w kontek\u015bcie globalnej ekspozycji w ca\u0142ej Grupie Kapita\u0142owej KGHM Polska Mied\u017a S.A. Zgodnie z przyj\u0119t\u0105 polityk\u0105, celami procesu zarz\u0105dzania ryzykiem rynkowym w Grupie Kapita\u0142owej s\u0105:  \u2022  ograniczenie zmienno\u015bci wyniku finansowego, \u2022  zwi\u0119kszenie prawdopodobie\u0144stwa realizacji za\u0142o\u017ce\u0144 bud\u017cetowych,  \u2022  zmniejszenie prawdopodobie\u0144stwa utraty p\u0142ynno\u015bci finansowej, \u2022  utrzymanie dobrej kondycji finansowej, \u2022  wspieranie  procesu  podejmowania  decyzji  strategicznych  w  obszarze  dzia\u0142alno\u015bci  inwestycyjnej, z uwzgl\u0119dnieniem \u017ar\u00f3de\u0142 finansowania inwestycji. Wszystkie cele zarz\u0105dzania ryzykiem rynkowym nale\u017cy rozpatrywa\u0107 \u0142\u0105cznie, a ich realizacja jest zale\u017cna przede wszystkim od sytuacji wewn\u0119trznej Grupy oraz warunk\u00f3w rynkowych.  Cele  zarz\u0105dzania  ryzykiem  rynkowym  na  poziomie  Grupy  Kapita\u0142owej  s\u0105  osi\u0105gane  w  wyniku  ich  realizacji w poszczeg\u00f3lnych  sp\u00f3\u0142kach  wydobywczych  Grupy,  przy  koordynacji  tych  dzia\u0142a\u0144  z  poziomu  Jednostki  Dominuj\u0105cej, w kt\u00f3rej  scentralizowane  zosta\u0142y  kluczowe  zadania  zwi\u0105zane  z  procesem  zarz\u0105dzania  ryzykiem  rynkowym  w Grupie (m.in. koordynacja  identyfikacji  \u017ar\u00f3de\u0142  ekspozycji  na  ryzyko  rynkowe,  proponowanie  strategii  zabezpieczaj\u0105cych, kontaktowanie  si\u0119  z  instytucjami  finansowymi  w  celu  zawierania,  potwierdzania  i rozliczania  transakcji  pochodnych, kalkulowanie wyceny do warto\u015bci godziwej). G\u0142\u00f3wn\u0105 technik\u0105 zarz\u0105dzania ryzykiem rynkowym w Jednostce Dominuj\u0105cej s\u0105 strategie zabezpieczaj\u0105ce wykorzystuj\u0105ce instrumenty  pochodne.  Stosuje  si\u0119  tak\u017ce  hedging  naturalny.  Niekt\u00f3re  krajowe  sp\u00f3\u0142ki  Grupy  r\u00f3wnie\u017c  wykorzystuj\u0105 instrumenty pochodne w swojej dzia\u0142alno\u015bci, jednak\u017ce jedynie Jednostka Dominuj\u0105ca stosuje transakcje zabezpieczaj\u0105ce w rozumieniu rachunkowo\u015bci zabezpiecze\u0144.  Bior\u0105c pod uwag\u0119 potencjaln\u0105 skal\u0119 wp\u0142ywu na wyniki Grupy Kapita\u0142owej, czynniki ryzyka rynkowego zosta\u0142y podzielone na grupy Grupa  Ryzyko rynkowe  Podej\u015bcie do zarz\u0105dzania ryzykiem Nota 7.2 Grupa I \u2013 o najwi\u0119kszym udziale w ca\u0142kowitej ekspozycji Grupy na ryzyko rynkowe Cena miedzi W  odniesieniu  do  tej grupy  stosuje  si\u0119  podej\u015bcie  strategiczne polegaj\u0105ce na systematycznym  budowaniu  pozycji  zabezpieczaj\u0105cej,  obejmuj\u0105cej produkcj\u0119  oraz  przychody  ze  sprzeda\u017cy  na  kolejne  okresy,  przy uwzgl\u0119dnieniu  cykliczno\u015bci  poszczeg\u00f3lnych  rynk\u00f3w  w  d\u0142u\u017cszym  terminie. Pozycja  zabezpieczaj\u0105ca  mo\u017ce  by\u0107  restrukturyzowana  przed jej wyga\u015bni\u0119ciem. Nota 7.2  Cena srebra Nota 7.2  Kurs USD/PLN Nota 7.2 Grupa II \u2013 pozosta\u0142a ekspozycja na ryzyko rynkowe Ceny pozosta\u0142ych metali i towar\u00f3w Ta grupa to ryzyka mniej kluczowe z punktu widzenia Grupy Kapita\u0142owej, cho\u0107 czasem istotne z punktu widzenia poszczeg\u00f3lnych jednostek, dlatego zarz\u0105dzana  jest  w spos\u00f3b  taktyczny,  nie  maj\u0105cy  charakteru systematycznego,  cz\u0119sto  wykorzystuj\u0105c  ponadprzeci\u0119tnie  sprzyjaj\u0105ce warunki rynkowe. Nota 7.2 Pozosta\u0142e kursy walutowe Nota 7.2  Stopy procentowe W zarz\u0105dzaniu ryzykiem rynkowym stosuje si\u0119 odr\u0119bne podej\u015bcia dla poszczeg\u00f3lnych, zidentyfikowanych grup ekspozycji.  Przy wyborze wdra\u017canych strategii zabezpieczaj\u0105cych lub restrukturyzacji pozycji zabezpieczaj\u0105cej Jednostka Dominuj\u0105ca uwzgl\u0119dnia nast\u0119puj\u0105ce czynniki: aktualne i prognozowane warunki rynkowe, sytuacj\u0119 wewn\u0119trzn\u0105 Jednostki, efektywny poziom i koszt zabezpieczenia oraz wp\u0142yw podatku od niekt\u00f3rych kopalin. Jednostka  Dominuj\u0105ca  stosuje  zintegrowane  podej\u015bcie  do  zarz\u0105dzania  ryzykiem  rynkowym,  na  kt\u00f3re  jest  nara\u017cona. Oznacza  to podej\u015bcie  ca\u0142o\u015bciowe  do  ryzyka  rynkowego,  a  nie  do  jego  poszczeg\u00f3lnych  element\u00f3w  osobno.  Przyk\u0142ad stanowi\u0105 transakcje zabezpieczaj\u0105ce na rynku walutowym, kt\u00f3re s\u0105 \u015bci\u015ble zwi\u0105zane z kontraktami zawieranymi na rynku metali.  Zabezpieczanie cen  sprzeda\u017cy metali determinuje prawdopodobie\u0144stwo uzyskania okre\u015blonych  przychod\u00f3w  ze sprzeda\u017cy w USD, kt\u00f3re to stanowi\u0105 pozycj\u0119 zabezpieczan\u0105 dla strategii na rynku walutowym.  Stosowane  s\u0105  tylko  te  instrumenty  pochodne,  kt\u00f3re  Jednostka  Dominuj\u0105ca  jest  w  stanie  wyceni\u0107  wewn\u0119trznie z zastosowaniem standardowych modeli wyceny dla danego instrumentu, jak r\u00f3wnie\u017c mo\u017ce zby\u0107 je bez znacznej utraty warto\u015bci  u  kontrahenta  innego  ni\u017c  ten,  z  kt\u00f3rym  pierwotnie  zawar\u0142a  transakcj\u0119.  Do  wyceny  rynkowej  danych Polityka  Zarz\u0105dzania  Ryzykiem  Rynkowym  w  Grupie  Kapita\u0142owej  dopuszcza  stosowanie  nast\u0119puj\u0105cych  rodzaj\u00f3w instrument\u00f3w: \u2022  kontrakty swap, \u2022  kontrakty forward, futures, \u2022  kontrakty opcyjne, \u2022  struktury z\u0142o\u017cone z wy\u017cej wymienionych instrument\u00f3w. Wykorzystywane  instrumenty  mog\u0105  mie\u0107  zatem  zar\u00f3wno  charakter  standaryzowany  (instrumenty  b\u0119d\u0105ce  w obrocie gie\u0142dowym), jak r\u00f3wnie\u017c charakter niestandaryzowany (instrumenty b\u0119d\u0105ce w obrocie na rynku pozagie\u0142dowym tzw. over the  counter).  Stosowane  s\u0105  przede  wszystkim  instrumenty  zabezpieczaj\u0105ce  przep\u0142ywy  pieni\u0119\u017cne  spe\u0142niaj\u0105ce  wymogi skuteczno\u015bci  w  rozumieniu  rachunkowo\u015bci  zabezpiecze\u0144.  Skuteczno\u015b\u0107  zabezpieczaj\u0105cych  instrument\u00f3w  finansowych stosowanych  przez  Jednostk\u0119 Dominuj\u0105c\u0105  w okresie  sprawozdawczym  jest  na  bie\u017c\u0105co  monitorowana  i podlega ci\u0105g\u0142ej ocenie (szczeg\u00f3\u0142y w Nocie 7.2 Pochodne instrumenty finansowe - zasady rachunkowo\u015bci). Powi\u0105zanie ekonomiczne  pomi\u0119dzy instrumentem zabezpieczaj\u0105cym a  pozycj\u0105 zabezpieczan\u0105 jest oparte o  wra\u017cliwo\u015b\u0107 warto\u015bci  pozycji na  te  same  czynniki rynkowe  (ceny  metali,  kursy  walutowe  lub  stopy  procentowe) oraz  dopasowanie odpowiednich parametr\u00f3w krytycznych instrumentu zabezpieczaj\u0105cego oraz pozycji zabezpieczanej (wolumen/nomina\u0142, termin realizacji).  Wska\u017anik  zabezpieczenia  ustanowionego  powi\u0105zania  zabezpieczaj\u0105cego  ustalony  jest  w  wysoko\u015bci  zapewniaj\u0105cej efektywno\u015b\u0107  powi\u0105zania  oraz  jest  sp\u00f3jny  z  rzeczywistym  wolumenem  zabezpieczanej  pozycji  i  instrumentu zabezpieczaj\u0105cego. \u0179r\u00f3d\u0142a potencjalnej nieefektywno\u015bci powi\u0105zania wynikaj\u0105 z niedopasowaniu parametr\u00f3w instrumentu zabezpieczaj\u0105cego  oraz  pozycji  zabezpieczanej  (np.  nomina\u0142,  termin,  instrument  bazowy,  wp\u0142yw  ryzyka  kredytowego). Przy  strukturyzacji  transakcji  zabezpieczaj\u0105cej  Jednostka  Dominuj\u0105ca  d\u0105\u017cy  do  maksymalnego  dopasowania  tych parametr\u00f3w, aby zminimalizowa\u0107 \u017ar\u00f3d\u0142a nieefektywno\u015bci. Jednostka Dominuj\u0105ca kwantyfikuje wielko\u015b\u0107 ryzyka rynkowego, na jakie jest nara\u017cona i stara si\u0119 wyrazi\u0107 je sp\u00f3jn\u0105 i \u0142\u0105czn\u0105 miar\u0105.  Sporz\u0105dzane  symulacje  (m.in.  analizy  scenariuszowe,  analizy  stress-testingu  i backtestingu)  oraz  kalkulowane miary  ryzyka  stanowi\u0105  wsparcie  w  procesie  zarz\u0105dzania  ryzykiem  rynkowym  w  Grupie  Kapita\u0142owej.  Wykorzystywane miary ryzyka  oparte s\u0105 g\u0142\u00f3wnie na modelowaniu matematyczno-statystycznym bazuj\u0105cym na historycznych i bie\u017c\u0105cych danych rynkowych dotycz\u0105cych czynnik\u00f3w ryzyka oraz uwzgl\u0119dniaj\u0105 aktualn\u0105 ekspozycj\u0119 na ryzyko rynkowe.  Jedn\u0105  z  miar  ryzyka  wykorzystywanych  jako  narz\u0119dzie  pomocnicze  w  podejmowaniu  decyzji  w  procesie  zarz\u0105dzania ryzykiem rynkowym w Jednostce Dominuj\u0105cej jest miara EaR - Earnings at Risk (zysk netto nara\u017cony na ryzyko). Miara ta dla  zadanego  prawdopodobie\u0144stwa  wskazuje  doln\u0105  progow\u0105  warto\u015b\u0107  zysku  netto  (np.  z  95%  prawdopodobie\u0144stwem zysk netto w danym roku nie b\u0119dzie ni\u017cszy ni\u017c\u2026). Metodologia EaR umo\u017cliwia kalkulacj\u0119 zysku netto z uwzgl\u0119dnieniem wp\u0142ywu  zmian  rynkowych  cen  miedzi,  srebra  oraz  kursu  walutowego  w  kontek\u015bcie  plan\u00f3w  bud\u017cetowych.  Dla  Grupy KGHM INTERNATIONAL LTD. oraz JV Sierra Gorda S.C.M. kalkulowana jest miara EBITDA-at-Risk. W zwi\u0105zku z ryzykiem ograniczenia produkcji (na przyk\u0142ad spowodowanym dzia\u0142aniem \u201esi\u0142y wy\u017cszej\u201d) lub niezrealizowania zak\u0142adanej  wielko\u015bci  przychod\u00f3w  walutowych,  jak  i  zakupami  metali  zawartych  we wsadach  obcych,  ustalono  limity zaanga\u017cowania w instrumenty pochodne. Dla Jednostki Dominuj\u0105cej limity na rynku metali i walutowym zosta\u0142y ustalone: \u2022  w  wysoko\u015bci  do  85%  wielko\u015bci  planowanych  miesi\u0119cznych  wolumen\u00f3w  sprzeda\u017cy  miedzi,  srebra  i  z\u0142ota z wsad\u00f3w  w\u0142asnych.  Przy  czym  w  przypadku  miedzi  i  srebra  do  50%  w  odniesieniu  do  instrument\u00f3w stanowi\u0105cych obowi\u0105zki Jednostki Dominuj\u0105cej (finansuj\u0105ce strategie zabezpieczaj\u0105ce) i do 85% w odniesieniu do instrument\u00f3w stanowi\u0105cych prawa Jednostki Dominuj\u0105cej. \u2022  w  wysoko\u015bci  do  85%  wielko\u015bci  planowanych  miesi\u0119cznych  przychod\u00f3w  ze  sprzeda\u017cy  produkt\u00f3w  z  wsad\u00f3w w\u0142asnych  w  USD  lub  wielko\u015bci  zakontraktowanych  miesi\u0119cznych  przep\u0142yw\u00f3w  walutowych  netto  w przypadku innych  walut.  Dla  cel\u00f3w  obliczania  limitu  wydatki  z  tytu\u0142u  obs\u0142ugi  zad\u0142u\u017cenia  w  USD  pomniejszaj\u0105  nomina\u0142 ekspozycji do zabezpieczenia. Odno\u015bnie ryzyka zmian st\u00f3p procentowych Jednostka Dominuj\u0105ca ustali\u0142a limit zaanga\u017cowania w instrumenty pochodne do 100% warto\u015bci nominalnej zad\u0142u\u017cenia w ka\u017cdym okresie odsetkowym, wynikaj\u0105cego z podpisanych um\u00f3w. Dla wybranych sp\u00f3\u0142ek wydobywczych Grupy Kapita\u0142owej limity zaanga\u017cowania w instrumenty pochodne na rynku miedzi oraz na rynku walutowym ustalono na poziomach jak w Jednostce Dominuj\u0105cej, natomiast dla transakcji na rynku niklu, srebra i z\u0142ota limit wynosi do 60% planowanych miesi\u0119cznych wolumen\u00f3w sprzeda\u017cy ze wsad\u00f3w w\u0142asnych.  Limity odnosz\u0105 si\u0119 zar\u00f3wno do transakcji zabezpieczaj\u0105cych, jak i do instrument\u00f3w finansuj\u0105cych takie transakcje. Maksymalny horyzont czasowy, w obr\u0119bie kt\u00f3rego Grupa Kapita\u0142owa podejmuje decyzje w zakresie ograniczania ryzyka rynkowego, jest zgodny z procesem planowania techniczno-ekonomicznego i wynosi 5 lat, natomiast w przypadku ryzyka stopy procentowej obejmuje okres d\u0142ugoterminowych zobowi\u0105za\u0144 finansowych Grupy. Nota 7.5.1.2 Ryzyko zmian cen metali Jednostka Dominuj\u0105ca nara\u017cona jest na ryzyko zmian cen sprzedawanych metali: miedzi, srebra, z\u0142ota i o\u0142owiu. Natomiast Grupa  KGHM  INTERNATIONAL  LTD.  jest  nara\u017cona  na  ryzyko  fluktuacji  cen  miedzi,  z\u0142ota,  niklu,  molibdenu,  platyny i palladu. W Jednostce Dominuj\u0105cej oraz Grupie KGHM INTERNATIONAL LTD. formu\u0142y ustalania cen zawarte w kontraktach fizycznej sprzeda\u017cy  oparte  s\u0105  g\u0142\u00f3wnie  na \u015brednich  miesi\u0119cznych  notowaniach  z  Londy\u0144skiej  Gie\u0142dy  Metali  w przypadku  miedzi i innych  metali podstawowych  oraz  z Londy\u0144skiego  Rynku Kruszc\u00f3w  w  odniesieniu do  metali  szlachetnych.  W  ramach polityki  handlowej,  Jednostka  Dominuj\u0105ca  oraz  KGHM  INTERNATIONAL  LTD.  ustalaj\u0105  baz\u0119  cenow\u0105  dla  kontrakt\u00f3w fizycznych jako \u015bredni\u0105 cen z odpowiedniego miesi\u0105ca w przysz\u0142o\u015bci. Trwa\u0142e  i  bezpo\u015brednie  powi\u0105zanie  strumienia  wp\u0142yw\u00f3w  ze  sprzeda\u017cy  z  cenami  metali,  przy  jednoczesnym  braku analogicznej relacji po stronie wydatk\u00f3w, prowadzi do powstania ekspozycji strategicznej. Z kolei ekspozycja operacyjna wynika  z mo\u017cliwych  niedopasowa\u0144  warunk\u00f3w  cenowych  kontrakt\u00f3w  fizycznych  wzgl\u0119dem  profilu  funkcjonuj\u0105cego w Grupie, w szczeg\u00f3lno\u015bci w zakresie referencyjnych cen i okres\u00f3w kwotowania.  Na rynku metali Grupa posiada tzw. pozycj\u0119 d\u0142ug\u0105, to znaczy nadwy\u017ck\u0119 sprzeda\u017cy nad zakupami. Analizuj\u0105c ekspozycj\u0119 strategiczn\u0105  Grupy  na  ryzyko  rynkowe,  nale\u017cy  pomniejszy\u0107  wolumen  sprzeda\u017cy  metali  o  ilo\u015b\u0107  zakupionych  metali  we wsadach obcych. W tabeli poni\u017cej zaprezentowano ekspozycj\u0119 strategiczn\u0105 Grupy Kapita\u0142owej na ryzyko zmian cen miedzi i srebra w latach 2021-2022. od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021   Netto Sprzeda\u017c Zakup Netto Sprzeda\u017c Zakup Mied\u017a [t]   391 180 619 944 228 764  432 910 628 011 195 101 Srebro [t]   1 322 1 347 25  1 222 1 251 29 Nomina\u0142 strategii zabezpieczaj\u0105cych cen\u0119 miedzi rozliczonych w 2022 r. stanowi\u0142 oko\u0142o 25% (w 2021 r. 44%) zrealizowanej przez Jednostk\u0119 Dominuj\u0105c\u0105 ca\u0142kowitej sprzeda\u017cy tego metalu (stanowi\u0142o to oko\u0142o 42% sprzeda\u017cy netto 1 w 2022 r. i 67% w 2021 r.).  Nomina\u0142 strategii zabezpieczaj\u0105cych cen\u0119 srebra rozliczonych w 2022 r. stanowi\u0142 oko\u0142o 24% zrealizowanej przez Jednostk\u0119 Dominuj\u0105c\u0105 ca\u0142kowitej sprzeda\u017cy tego metalu (25% w 2021 r.). W  ramach  realizacji  strategicznego  planu  zabezpiecze\u0144  Jednostki  Dominuj\u0105cej  przed  ryzykiem  rynkowym  w  2022 r. wdro\u017cono strategie zabezpieczaj\u0105ce planowane przychody ze sprzeda\u017cy miedzi. Zawarto strategie opcyjne mewa na okres od  stycznia  2023  r.  do  grudnia  2023  r.  dla  \u0142\u0105cznego  tona\u017cu  90  tys.  ton.  Ponadto  zrestrukturyzowana  zosta\u0142a  pozycja zabezpieczaj\u0105c\u0105  na  rynku  miedzi  na  ten  sam  okres  dla  \u0142\u0105cznego  tona\u017cu  12  tys.  ton,  poprzez  podniesienie  poziomu wykonania g\u00f3rnych i dolnych wystawionych opcji ze struktur mewa zawartych w 2020 r. W 2022 r. Jednostka Dominuj\u0105ca nie wdro\u017cy\u0142a strategii zabezpieczaj\u0105cych na rynku srebra. W ramach zarz\u0105dzania pozycj\u0105 handlow\u0105 netto 2 w 2022 r. zawarto tzw. dostosowawcze transakcje pochodne typu swap na rynku miedzi oraz z\u0142ota z terminami zapadalno\u015bci do czerwca 2023 r. W  efekcie,  wed\u0142ug  stanu  na  31  grudnia  2022  r.  Jednostka  Dominuj\u0105ca    posiada\u0142a  otwarte  pozycje  w  instrumentach pochodnych  na  rynku  miedzi  dla 193,5 tys.  ton  (w  tym:  189  tys.  ton  wynika\u0142o  ze  strategicznego  zarz\u0105dzania  ryzykiem rynkowym, natomiast 4,3 tys. ton zawarte zosta\u0142o w ramach zarz\u0105dzania pozycj\u0105 handlow\u0105 netto) oraz dla 4,2 mln uncji troja\u0144skich srebra. Poni\u017csze tabele prezentuj\u0105 skr\u00f3cone zestawienie otwartych transakcji w instrumentach pochodnych posiadanych przez Jednostk\u0119 Dominuj\u0105c\u0105 na rynku miedzi i srebra na 31 grudnia 2022 r., zawartych w ramach strategicznego zarz\u0105dzania ryzykiem  rynkowym  (zabezpieczony  nomina\u0142  w  prezentowanych  okresach  jest  roz\u0142o\u017cony  r\u00f3wnomiernie  w  podziale miesi\u0119cznym). 1 Sprzeda\u017c miedzi pomniejszona o zakupy miedzi we wsadach obcych. 2 Stosowane w celu reagowania na zmiany ustale\u0144 kontraktowych klient\u00f3w, wyst\u0119puj\u0105ce niestandardowe warunki cenowe przy sprzeda\u017cy metali oraz zakupy materia\u0142\u00f3w miedziono\u015bnych. Zabezpieczenie ryzyka zmian cen miedzi \u2013 instrumenty pochodne otwarte na 31 grudnia 2022 r. \u015aredniowa\u017cona cena wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia sprzeda\u017c opcji sprzeda\u017cy zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna Instrument/ struktura opcyjna Nomina\u0142 ograniczenie zabezpieczenia zabezpieczenie ceny miedzi ograniczenie partycypacji [tony]  [USD/t] [USD/t] [USD/t] [USD/t] [USD/t] I p\u00f3\u0142. 2023 mewa  18 000 5 200 6 900 8 300 (196) 6 704 mewa  6 000 6 000 6 900 10 000 (296) 6 604 mewa  15 000 6 000 9 000 11 400 (248) 8 752 mewa  10 500 6 700 9 286 11 486 (227) 9 059 mewa  45 000 6 000 8 120 9 120 (143) 7 977 II p\u00f3\u0142. 2023 mewa  18 000 5 200 6 900 8 300 (196) 6 704 mewa  6 000 6 000 6 900 10 000 (296) 6 604 mewa  15 000 6 000 9 000 11 400 (248) 8 752 mewa  10 500 6 700 9 286 11 486 (227) 9 059 mewa  45 000 6 000 8 100 9 600 (172) 7 928 SUMA 2023  189 000 Zabezpieczenie ryzyka zmian cen srebra \u2013 instrumenty pochodne otwarte na 31 grudnia 2022 r. \u015aredniowa\u017cona cena wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia sprzeda\u017c opcji sprzeda\u017cy  zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna Instrument/ struktura opcyjna Nomina\u0142 ograniczenie zabezpieczenia zabezpieczenie ceny srebra ograniczenie partycypacji [mln uncji] [USD/uncj\u0119] [USD/uncj\u0119] [USD/uncj\u0119] [USD/uncj\u0119] [USD/uncj\u0119] 2023 mewa  4,20 16,00 26,00 42,00    (1,19) 24,81 SUMA 2023 4,20 Poni\u017csze tabele prezentuj\u0105 skr\u00f3cone zestawienie otwartych transakcji w instrumentach pochodnych posiadanych przez Jednostk\u0119 Dominuj\u0105c\u0105 na rynku miedzi i srebra na 31 grudnia 2021 r., zawartych w ramach strategicznego zarz\u0105dzania ryzykiem  rynkowym  (zabezpieczony  nomina\u0142  w  prezentowanych  okresach  jest  roz\u0142o\u017cony  r\u00f3wnomiernie  w  podziale miesi\u0119cznym). Zabezpieczenie ryzyka zmian cen miedzi \u2013 instrumenty pochodne otwarte na 31 grudnia 2021 r. \u015aredniowa\u017cona cena wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia sprzeda\u017c opcji sprzeda\u017cy  zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna Instrument/ struktura opcyjna Nomina\u0142 ograniczenie zabezpieczenia zabezpieczenie ceny miedzi ograniczenie partycypacji [tony]  [USD/t] [USD/t] [USD/t] [USD/t] [USD/t] I p\u00f3\u0142. mewa  30 000 4 600 6 300 7 500 (160) 6 140 mewa  24 000 5 200 6 900 8 300 (196) 6 704 mewa  10 500 6 700 9 286 11 486 (227) 9 059 II p\u00f3\u0142. mewa  30 000 4 600 6 300 7 500 (160) 6 140 mewa  24 000 5 200 6 900 8 300 (196) 6 704 mewa  15 000 6 000 9 000 11 400 (248) 8 752 mewa  10 500 6 700 9 286 11 486 (227) 9 059 SUMA 2022 144 000 I p\u00f3\u0142. mewa  24 000 5 200 6 900 8 300 (196) 6 704 mewa  15 000 6 000 9 000 11 400 (248) 8 752 mewa  10 500 6 700 9 286 11 486 (227) 9 059 II p\u00f3\u0142. mewa  24 000 5 200 6 900 8 300 (196) 6 704 mewa  15 000 6 000 9 000 11 400 (248) 8 752 mewa  10 500 6 700 9 286 11 486 (227) 9 059 SUMA 2023  99 000 Zabezpieczenie ryzyka zmian cen srebra \u2013 instrumenty pochodne otwarte na 31 grudnia 2021 r. \u015aredniowa\u017cona cena wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia sprzeda\u017c opcji sprzeda\u017cy  zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna Instrument/ struktura opcyjna Nomina\u0142 ograniczenie zabezpieczenia zabezpieczenie ceny srebra ograniczenie partycypacji [mln uncji] [USD/uncj\u0119] [USD/uncj\u0119] [USD/uncj\u0119] [USD/uncj\u0119] [USD/uncj\u0119] 2022 mewa  3,60 16,00 26,00 42,00 (0,88) 25,12 korytarz  6,60 - 26,36 55,00* (1,96) 24,40 SUMA 2022 10,20 2023 mewa  4,20 16,00 26,00 42,00    (1,19) 24,81 SUMA 2023 4,20 * W ramach restrukturyzacji podniesiony zosta\u0142 poziom wykonania sprzedanych opcji kupna z 42 i 43 USD/uncj\u0119 do 55 USD/uncj\u0119. W  2022  r.  oraz  w  2021  r.  KGHM  INTERNATIONAL  LTD.  ani  \u017cadna  ze  sp\u00f3\u0142ek  wydobywczych  nie  wdro\u017cy\u0142y  transakcji terminowych na rynku metali. Na dzie\u0144  31  grudnia  2022  r.  ryzyko  zmian  cen  metali  dotyczy\u0142o  tak\u017ce  instrument\u00f3w  pochodnych  wbudowanych w kontraktach zakupu wsad\u00f3w obcych, zawartych przez Jednostk\u0119 Dominuj\u0105c\u0105. Analiza wra\u017cliwo\u015bci Grupy Kapita\u0142owej na ryzyko zmian cen miedzi, srebra i z\u0142ota w latach 2021-2022 Aktywa i zobowi\u0105zania finansowe na dzie\u0144 31.12.2022 Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2022Zmiana ceny MIEDZI [USD/t]    Zmiana ceny SREBRA [USD/uncj\u0119]    Zmiana cen Z\u0141OTA [USD/uncj\u0119]10 293 (+23%)  6 463 (-23%)    31,69 (+32%)  17,06 (-29%)    2 107 (+15%)  1 524 (-16%) wynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowywynik finansowyPochodne instrumenty finansowe (Cu)    161161(49)(1 026)17935------Pochodne instrumenty finansowe (Ag)    5050----2(67)(17)106--Pochodne instrumenty finansowe (Au)    (10)(10)--------(22)29Wbudowane instrumenty pochodne (Cu, Ag, Au)  (43)(43)(164)-161-----(24)27Wp\u0142yw na wynik finansowy(213)-1782-(17)-(46)56Wp\u0142yw na pozosta\u0142e ca\u0142kowite dochody-(1 026)-935-(67)-106--Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2021Zmiana ceny MIEDZI [USD/t]    Zmiana ceny SREBRA [USD/uncj\u0119]    Zmiana cen Z\u0141OTA [USD/uncj\u0119]Aktywa i zobowi\u0105zania finansowe na dzie\u0144 31.12.2021  11 614 (+19%)  7 495 (-23%)    30,52 (+31%)  16,55 (-29%)    2 122 (+17%)  1 523 (-16%) wynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowypozosta\u0142e ca\u0142kowite dochodywynik finansowypozosta\u0142eca\u0142kowite dochodywynik finansowywynik finansowyPochodne instrumenty finansowe (Cu)    (1 096)(1 096)(74)(1 770)1731 701------Pochodne instrumenty finansowe (Ag)    224224----9(192)(39)334Pochodne instrumenty finansowe (Au)    ----------(20)20Wbudowane instrumenty pochodne (Cu, Ag, Au)  (21)(21)(129)-165-(1)-1-(11)11Wp\u0142yw na wynik finansowy(203)-3388-(38)-(31)31Wp\u0142yw na pozosta\u0142e ca\u0142kowite dochody-(1 770)-1 701-(192)-334-- Do wyznaczenia zakresu potencjalnych zmian cen metali dla cel\u00f3w analizy wra\u017cliwo\u015bci towarowych czynnik\u00f3w ryzyka (mied\u017a, srebro, z\u0142oto) wykorzystano powracaj\u0105cy do \u015bredniej model Schwartza (geometryczny proces Ornsteina-Uhlenbecka).Nota 7.5.1.3 Ryzyko zmian kurs\u00f3w walutowych W  odniesieniu  do  ryzyka  zmian  kurs\u00f3w  walutowych  w  Grupie  Kapita\u0142owej  KGHM  Polska  Mied\u017a  S.A.  identyfikowane s\u0105 nast\u0119puj\u0105ce rodzaje ekspozycji: \u2022  ekspozycja transakcyjna dotycz\u0105ca zmienno\u015bci warto\u015bci przep\u0142yw\u00f3w pieni\u0119\u017cnych w walucie bazowej, \u2022  ekspozycja  dotycz\u0105ca  zmienno\u015bci  warto\u015bci  wybranych  pozycji  sprawozdania  z  sytuacji  finansowej  w walucie bazowej (funkcjonalnej), \u2022  ekspozycja  z  tytu\u0142u  inwestycji  netto  w  jednostkach  zagranicznych  dotycz\u0105ca  zmienno\u015bci  warto\u015bci skonsolidowanego kapita\u0142u w\u0142asnego w walucie bazowej (walucie prezentacji) Grupy Kapita\u0142owej. \u0179r\u00f3d\u0142em ekspozycji transakcyjnej na ryzyko walutowe s\u0105 kontrakty skutkuj\u0105ce przep\u0142ywami pieni\u0119\u017cnymi, kt\u00f3rych warto\u015b\u0107 w  walucie  bazowej  (funkcjonalnej)  jest  uzale\u017cniona  od  przysz\u0142ych  poziom\u00f3w  kurs\u00f3w  walut  obcych  wzgl\u0119dem  waluty bazowej. Przep\u0142ywy pieni\u0119\u017cne nara\u017cone na ryzyko walutowe mog\u0105 posiada\u0107 nast\u0119puj\u0105ce charakterystyki: \u2022  denominowanie  w  walutach  obcych  \u2013  przep\u0142ywy  realizowane  s\u0105  w  walutach  obcych  innych  ni\u017c  waluta funkcjonalna, \u2022  indeksowanie  do  kursu  walut  obcych  \u2013  przep\u0142ywy  mog\u0105  by\u0107  realizowane  w  walucie  bazowej,  lecz  cena (np. metalu) jest ustalana w innej walucie obcej. Kluczowym \u017ar\u00f3d\u0142em ekspozycji na ryzyko walutowe w dzia\u0142alno\u015bci biznesowej Jednostki Dominuj\u0105cej s\u0105 wp\u0142ywy z tytu\u0142u sprzeda\u017cy produkt\u00f3w (w cz\u0119\u015bci dotycz\u0105cej cen metali, premii przerobowej i producenckiej). \u0179r\u00f3d\u0142em  ekspozycji  na  ryzyko  walutowe  s\u0105  r\u00f3wnie\u017c  pozycje  skonsolidowanego  sprawozdania  z  sytuacji  finansowej w walutach obcych,  kt\u00f3re  na  gruncie  obowi\u0105zuj\u0105cych  zasad  rachunkowo\u015bci,  podlegaj\u0105  przeliczeniu na  bazie  bie\u017c\u0105cego kursu waluty obcej wzgl\u0119dem waluty bazowej (funkcjonalnej) w zwi\u0105zku z rozliczeniem lub okresow\u0105 wycen\u0105, w tym tak\u017ce z  tytu\u0142u  przeliczenia  sprawozda\u0144  jednostek  zagranicznych.  Zmiany  warto\u015bci  bilansowych  takich  pozycji  pomi\u0119dzy momentami wyceny wp\u0142ywaj\u0105 na zmienno\u015b\u0107 zysku/straty netto lub pozosta\u0142ych ca\u0142kowitych dochod\u00f3w. Ekspozycja na ryzyko walutowe pozycji skonsolidowanego sprawozdania z sytuacji finansowej dotyczy w szczeg\u00f3lno\u015bci: \u2022  nale\u017cno\u015bci i zobowi\u0105za\u0144 handlowych z tytu\u0142u sprzeda\u017cy i zakup\u00f3w denominowanych w walutach obcych, \u2022  nale\u017cno\u015bci finansowych z tytu\u0142u po\u017cyczek udzielonych w walutach obcych, \u2022  zobowi\u0105za\u0144 finansowych z tytu\u0142u zad\u0142u\u017cenia w walutach obcych, \u2022  \u015brodk\u00f3w pieni\u0119\u017cnych w walutach obcych, \u2022  instrument\u00f3w pochodnych na rynku metali. W  przypadku  rynku  walutowego,  nomina\u0142  rozliczonych  transakcji  zabezpieczaj\u0105cych  przychody  ze sprzeda\u017cy  metali stanowi\u0142 oko\u0142o 20% (w 2021 r. 28%) ca\u0142kowitych przychod\u00f3w ze sprzeda\u017cy miedzi i srebra zrealizowanych przez Jednostk\u0119 Dominuj\u0105c\u0105 w 2022 r.  W ramach realizacji strategicznego planu zabezpiecze\u0144 przed ryzykiem rynkowym w 2022 r. Jednostka Dominuj\u0105ca naby\u0142a opcje sprzeda\u017cy na rynku walutowym dla 205 mln USD planowanych przychod\u00f3w ze sprzeda\u017cy z terminami zapadalno\u015bci od kwietnia 2022 r. do grudnia 2022 r., a tak\u017ce struktury opcyjne korytarz na rynku walutowym \u0142\u0105cznie dla 400 mln USD planowanych  przychod\u00f3w  ze  sprzeda\u017cy  w  okresie  od  sierpnia  2022  r.  do  grudnia  2022  r.  oraz  struktury  korytarz  dla 2 640 mln USD na okres od stycznia 2023 r. do grudnia 2024 r. Ponadto  w  ramach  bie\u017c\u0105cego  zarz\u0105dzania  ryzykiem  walutowym  zawierano  kr\u00f3tkoterminowe  transakcje  sprzeda\u017cy terminowej (forward),  kt\u00f3rych  celem  by\u0142o  zabezpieczenie przed  ryzykiem  zwi\u0105zanym  z  wahaniami kursu  USD/PLN,  dla zaplanowanych kr\u00f3tkoterminowych przep\u0142yw\u00f3w finansowych. Transakcje forward zosta\u0142y rozliczone w III kwartale 2022 r. W  efekcie  na  dzie\u0144  31  grudnia  2022  r.  Jednostka  Dominuj\u0105ca  posiada\u0142a  otwart\u0105  pozycj\u0119  zabezpieczaj\u0105c\u0105  na  rynku walutowym  dla  nomina\u0142u  2 955  mln  USD  (1 050  mln  USD  na  dzie\u0144  31  grudnia  2021  r.)  oraz  transakcje  CIRS   (Cross Currency Interest Rate Swap - swap walutowo-procentowy) dla nomina\u0142u 2 mld PLN, zar\u00f3wno zabezpieczaj\u0105ce przychody ze sprzeda\u017cy w walucie, jak i zmienne oprocentowanie wyemitowanych obligacji. Poni\u017csza  tabela  prezentuje  skr\u00f3cone  zestawienie  otwartych  transakcji  w  instrumentach  pochodnych  jednostki Dominuj\u0105cej  na rynku  walutowym  na  31  grudnia  2022  r.  (zabezpieczony  wolumen  w  prezentowanych  okresach  jest roz\u0142o\u017cony r\u00f3wnomiernie w podziale miesi\u0119cznym). Zabezpieczenie ryzyka zmian kursu walutowego USD/ PLN \u2013 instrumenty pochodne otwarte na 31 grudnia 2022 r. Zabezpieczenie ryzyka zmian kursu walutowego USD/PLN \u2013 instrumenty pochodne otwarte na 31 grudnia 2021 r. Zabezpieczenie ryzyka walutowo-procentowego zwi\u0105zanego z emisj\u0105 obligacji o zmiennym oprocentowaniu w PLN \u2013 instrumenty pochodne otwarte na 31 grudnia 2022 r. oraz na 31 grudnia 2021 r. Instrument Nomina\u0142 \u015arednia stopa procentowa \u015aredni kurs wymiany [mln PLN] [ sta\u0142a stopa % dla USD] [USD/PLN] VI  2024 CIRS 400 3,23% 3,78 VI 2029 CIRS 1 600 3,94% 3,81 SUMA 2 000 Niekt\u00f3re polskie  sp\u00f3\u0142ki Grupy Kapita\u0142owej  zarz\u0105dza\u0142y  ryzykiem walutowym, zwi\u0105zanym z  ich podstawow\u0105 dzia\u0142alno\u015bci\u0105 (m.in.  handlow\u0105), poprzez  zawieranie transakcji  w  instrumentach  pochodnych  m.in.  na rynku  USD/PLN oraz EUR/PLN. Zestawienie otwartych transakcji na 31 grudnia 2022 r. oraz 31 grudnia 2021 r. nie jest prezentowane ze wzgl\u0119du na ma\u0142\u0105 istotno\u015b\u0107 dla Grupy Kapita\u0142owej. W ramach zarz\u0105dzania ryzykiem walutowym Jednostka Dominuj\u0105ca stosuje hedging naturalny polegaj\u0105cy na zaci\u0105ganiu kredyt\u00f3w w walutach, w kt\u00f3rych osi\u0105ga przychody. Warto\u015b\u0107 kredyt\u00f3w i po\u017cyczek inwestycyjnych na 31 grudnia 2022 r. zaci\u0105gni\u0119tych w walucie USD, po przeliczeniu na PLN wynios\u0142a 3 435 mln PLN (na 31 grudnia 2021 r. 2 980 mln PLN).  Nomina\u0142 \u015aredniowa\u017cony kurs wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia Instrument/ struktura opcyjna sprzeda\u017c opcji sprzeda\u017cy zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna ograniczenie zabezpieczenia zabezpieczenie kursu walutowego ograniczenie partycypacji [mln USD] [USD/PLN] [USD/PLN] [USD/PLN] [PLN za 1 USD] [USD/PLN] 2023 mewa  135,00 3,30 4,00 4,60 (0,00) 4,00 mewa  180,00 3,30 3,90 4,50 0,03 3,93 korytarz  660,00 - 4,48 5,48 (0,03) 4,45 korytarz  660,00 - 4,69 6,09 (0,05) 4,64  SUMA 2023  1 635,00 2024 korytarz  660,00 - 4,48 5,48 (0,00) 4,48 korytarz  660,00 - 4,69 6,09 (0,01) 4,68 SUMA 2024  1 320,00 Nomina\u0142 Kurs wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia Instrument/ struktura opcyjna sprzeda\u017c opcji sprzeda\u017cy  zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna ograniczenie zabezpieczenia zabezpieczenie kursu walutowego ograniczenie partycypacji [mln USD] [USD/PLN] [USD/PLN] [USD/PLN] [PLN za 1 USD] [USD/PLN] I p\u00f3\u0142. mewa 67,5 3,30 4,00 4,60 (0,01) 3,99 mewa 90 3,50 3,90 4,50 0,04 3,94 zakup opcji sprzeda\u017cy 180 - 3,75 - (0,04) 3,71 II p\u00f3\u0142. mewa 67,5 3,30 4,00 4,60 (0,01) 3,99 mewa 90 3,30 3,90 4,50 0,03 3,93 korytarz 240 - 3,85 4,60 (0,04) 3,81  SUMA 2022  735 2023 mewa 135 3,30 4,00 4,60 (0,00) 4,00 mewa 180 3,30 3,90 4,50 (0,03) 3,93 SUMA 2023  315  Poni\u017csze  tabele  prezentuj\u0105  struktur\u0119  walutow\u0105  instrument\u00f3w  finansowych  nara\u017conych  na  ryzyko  walutowe  (zmiany kurs\u00f3w USD/PLN , EUR/PLN, CAD/PLN oraz GBP/PLN) Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. oraz analiz\u0119 wra\u017cliwo\u015bci na ryzyko zmian kurs\u00f3w walutowych. Do wyznaczenia zakresu potencjalnych zmian kurs\u00f3w USD/PLN, EUR/PLN, CAD/PLN oraz GBP/PLN dla cel\u00f3w analizy wra\u017cliwo\u015bci wykorzystano model Blacka-Scholesa (geometryczny ruch Browna). Instrumenty finansowe Warto\u015b\u0107 nara\u017cona na ryzyko na 31.12.2022 razem mln PLN  mln USD mln EUR  mln CAD Udzia\u0142y i akcje 4  -  -  1   Nale\u017cno\u015bci od odbiorc\u00f3w  776  140  30  5   \u015arodki pieni\u0119\u017cne i ekwiwalenty  868  163  20  17   D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 9 603  2 182  -  -   Pozosta\u0142e aktywa finansowe  234  44  -  12   Pochodne instrumenty finansowe* 357  36  -  -   Zobowi\u0105zania wobec dostawc\u00f3w i podobne (1 063)  (153)  (75)  (11)   Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 578)  (793)  (10)  (13)   Pozosta\u0142e zobowi\u0105zania finansowe (49)  (9)  (2)  -   * W pozycji  pochodne instrumenty finansowe  w  kolumnie  \u201emln USD\u201d zaprezentowane  s\u0105  transakcje  na  rynku metali,  kt\u00f3re s\u0105 wyceniane w USD i p rzeliczane na PLN po kursie z dnia ko\u0144cz\u0105cego okres sprawozdawczy, natomiast kolumna \u201erazem mln PLN\u201d uwzgl\u0119dnia r\u00f3wnie\u017c warto\u015b\u0107 godziw\u0105 instrument\u00f3w pochodnych wycenianych wy\u0142\u0105cznie w PLN. Instrumenty finansowe Warto\u015b\u0107 nara\u017cona na ryzyko na 31.12.2021 razem mln PLN  mln USD mln EUR  mln CAD  mln GBP Udzia\u0142y i akcje 5 -  -  2  - Nale\u017cno\u015bci od odbiorc\u00f3w  515 80  30  4  8 \u015arodki pieni\u0119\u017cne i ekwiwalenty  1 558 341  20  23  2 D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 7 867 1 938  -  -  - Kr\u00f3tkoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 447 110  -  -  - Pozosta\u0142e aktywa finansowe  150 26  -  12  - Pochodne instrumenty finansowe* (1 174) 220  -  -  - Zobowi\u0105zania wobec dostawc\u00f3w i podobne (1 132) (167)  (87)  (16)  - Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 121) (736)  (18)  (15)  - Pozosta\u0142e zobowi\u0105zania finansowe (177) (41)  (3)  -  - * W  pozycji  pochodne  instrumenty  finansowe  w  kolumnie  \u201emln  USD\u201d zaprezentowane  s\u0105  transakcje  na  rynku  metali, kt\u00f3re  s\u0105  wyceniane w USD i przeliczane na PLN po kursie z dnia ko\u0144cz\u0105cego okres sprawozdawczy, natomiast kolumna \u201erazem mln PLN\u201d uwzgl\u0119dnia r\u00f3wnie\u017c warto\u015b\u0107 godziw\u0105 instrument\u00f3w pochodnych wycenianych wy\u0142\u0105cznie w PLN. Analiza wra\u017cliwo\u015bci Grupy Kapita\u0142owej na ryzyko zmian kurs\u00f3w walutowych w 2022 r. i 2021 r. Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2022Zmiana kursu USD/PLN Zmiana kursu EUR/PLN Zmiana kursu CAD/PLN   5,03 (+14%)  3,91 (-11%)    5,18 (+10%)4,48 (-5%)  3,68 (+13%)  2,88 (-11%)   Aktywa i zobowi\u0105zania finansowe na dzie\u0144 31.12.2022 wynik finansowy pozosta\u0142e ca\u0142kowite dochody wynik finansowy pozosta\u0142e ca\u0142kowite dochody   wynik finansowy wynik finansowy wynik finansowy wynik finansowy       Udzia\u0142y i akcje 4  521 --------Nale\u017cno\u015bci od odbiorc\u00f3w  776  1 178 88-(68)-15(6)2(2)\u015arodki pieni\u0119\u017cne i ekwiwalenty 868  1 200 102-(79)-10(4)7(6)D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 9 603  9 603 1 372-(1 065)-----Pozosta\u0142e aktywa finansowe  234  890    28-(21)---5(4)Pochodne instrumenty finansowe 357  357 (3)(1 197)(6)1 193(2)1--Zobowi\u0105zania wobec dostawc\u00f3w  i podobne (1 063)  (3 280)    (96)-75-(37)16(5)4Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 578)  (6 443)    (499)-387-(5)2(5)5Pozosta\u0142e zobowi\u0105zania finansowe (49)  (211)    (6)-4-(1)---Wp\u0142yw na wynik finansowy 986-(773)-(20)94(3)Wp\u0142yw na pozosta\u0142e ca\u0142kowite dochody (1 197)1 193----Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2021Zmiana kursu USD/PLN Zmiana kursu EUR/PLN Zmiana kursu CAD/PLN   Zmiana kursu GBP/PLN   4,57 (+13%)  3,66 (-10%)    5,01 (+9%)4,37 (-5%)  3,55 (+11%)  2,90 (-9%)    6,15 (+12%)4,98 (-9%)Aktywa i zobowi\u0105zania finansowe na dzie\u0144 31.12.2021 wynik finansowy pozosta\u0142e ca\u0142kowite dochody wynik finansowy pozosta\u0142e ca\u0142kowite dochody   wynik finansowy wynik finansowy wynik finansowy wynik finansowy   wynik finansowy wynik finansowy Udzia\u0142y i akcje 5  615 ------1---Nale\u017cno\u015bci od odbiorc\u00f3w  515  1 026 41-(32)-12(7)1(1)5(4)\u015arodki pieni\u0119\u017cne i ekwiwalenty 1 558  1 904 175-(138)-8(4)8(7)1(1)D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 7 867  7 867997-(782)-------Kr\u00f3tkoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 447  447    57-(44)-------Pozosta\u0142e aktywa finansowe  150  671    14-(11)---4(3)--Pochodne instrumenty finansowe (1 174)  (1 174) 10 (646) 2 527 (7)4----Zobowi\u0105zania wobec dostawc\u00f3w  i podobne (1 132)  (3 201)    (86)-67-(36)20(6)5--Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 121)  (5 949)    (379)-297-(7)4(6)4--Pozosta\u0142e zobowi\u0105zania finansowe (177)  (479)    (21)-16-(1)1----Wp\u0142yw na wynik finansowy 808-(625)-(31)182(2)6(5)Wp\u0142yw na pozosta\u0142e ca\u0142kowite dochody (646)527------Nota 7.5.1.4 Ryzyko zmian st\u00f3p procentowych Na ryzyko st\u00f3p procentowych Grupa w 2022 r. nara\u017cona by\u0142a w zwi\u0105zku z udzielonymi po\u017cyczkami na rzecz wsp\u00f3lnego przedsi\u0119wzi\u0119cia, lokowaniem \u015brodk\u00f3w pieni\u0119\u017cnych, programem faktoringu d\u0142u\u017cnego oraz korzystaniem z zewn\u0119trznych \u017ar\u00f3de\u0142 finansowania. Pozycje oprocentowane wed\u0142ug stopy zmiennej nara\u017caj\u0105 Grup\u0119 na ryzyko zmiany przep\u0142yw\u00f3w pieni\u0119\u017cnych z danej pozycji w  wyniku  zmiany  st\u00f3p  procentowych  (tj.  wp\u0142ywaj\u0105  na  wysoko\u015b\u0107  koszt\u00f3w  lub  przychod\u00f3w  odsetkowych  ujmowanych w wyniku finansowym). Pozycje oprocentowane wed\u0142ug stopy sta\u0142ej nara\u017caj\u0105 Grup\u0119 na ryzyko zmiany warto\u015bci godziwej danej pozycji, z wy\u0142\u0105czeniem pozycji wycenianych wed\u0142ug zamortyzowanego kosztu, dla kt\u00f3rych zmiana warto\u015bci godziwej nie wp\u0142ywa na ich wycen\u0119 oraz na wynik finansowy. Poni\u017cej przedstawiono g\u0142\u00f3wne pozycje, kt\u00f3re nara\u017cone s\u0105 na ryzyko st\u00f3p procentowych. Stan na 31.12.2022 Stan na 31.12.2021 Ryzyko przep\u0142yw\u00f3w pieni\u0119\u017cnych Ryzyko warto\u015bci godziwej Razem Ryzyko przep\u0142yw\u00f3w pieni\u0119\u017cnych Ryzyko warto\u015bci godziwej Razem \u015arodki pieni\u0119\u017cne 1 200 - 1 200 2 333 - 2 333 Po\u017cyczki udzielone - 20 20 - 22 22 Nota 7.1 Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (2 656) (3 787) (6 443) (2 153) (3 796) (5 949) Zobowi\u0105zania podobne* (18) - (18) (55) - (55) * W  celu  efektywnego  zarz\u0105dzania  kapita\u0142em  obrotowym  oraz  terminowej  realizacji  wzajemnych  zobowi\u0105za\u0144  wynikaj\u0105cych  z  obowi\u0105zuj\u0105cych um\u00f3w  z  dostawcami,  Grupa  realizowa\u0142a  umowy  o \u015bwiadczenie  us\u0142ug  faktoringu  d\u0142u\u017cnego.  W  zwi\u0105zku  z  powy\u017cszym  dla  cz\u0119\u015bci  portfela zobowi\u0105za\u0144  wobec  dostawc\u00f3w  uzgodniono  wyd\u0142u\u017cenie  termin\u00f3w  sp\u0142aty  zobowi\u0105za\u0144  za  dodatkowym  wynagrodzeniem  w  formie  odsetek. Odsetki  wyznaczane  s\u0105  wed\u0142ug  stopy  zmiennej,  w  oparciu  o sta\u0142\u0105  mar\u017c\u0119  powi\u0119kszon\u0105  o  okre\u015blony  wska\u017anik  referencyjny  ustalony  dla poszczeg\u00f3lnych walut. Szczeg\u00f3\u0142y dotycz\u0105ce faktoringu d\u0142u\u017cnego opisano w Nocie 8.4.1, nocie 10.3 oraz Nocie 10.4. Na dzie\u0144 31 grudnia 2022 r. Jednostka Dominuj\u0105ca posiada\u0142a transakcje CIRS (Cross Currency Interest Rate Swap - swap walutowo-procentowy)  z  terminami  zapadalno\u015bci  w  czerwcu  2024  r.  oraz  czerwcu  2029  r.,  dla  nomina\u0142u  2 mld  PLN, zabezpieczaj\u0105ce  zar\u00f3wno  przychody  ze  sprzeda\u017cy  w  walucie,  jak  i  zmienne  oprocentowanie  wyemitowanych obligacji. Pozycj\u0119 zabezpieczaj\u0105c\u0105 otwart\u0105 na dzie\u0144 31 grudnia 2022 r. oraz 31 grudnia 2021 r. prezentuje tabela w Nocie 7.5.1.3. Poni\u017csza  tabela  prezentuje  analiz\u0119  wra\u017cliwo\u015bci  Grupy  Kapita\u0142owej  na  ryzyko  zmiany  st\u00f3p  procentowych,  zak\u0142adaj\u0105c\u0105 zmiany  st\u00f3p  procentowych  dla  pozycji  bilansowych  w  PLN,  USD  i  EUR  (podane  w  punktach  bazowych  \u2013  pb). Do wyznaczenia  zakresu  potencjalnych  zmian  st\u00f3p  procentowych  zastosowano  metod\u0119  eksperck\u0105  z  uwzgl\u0119dnieniem wskaza\u0144 modelu ARMA. 31.12.2022 zmiana st\u00f3p procentowych 31.12.2021 zmiana st\u00f3p procentowych +150 pb (PLN, USD, EUR) -100 pb  (PLN, USD, EUR) +250 pb (PLN)  +150 pb (USD, EUR)-100 pb (PLN)  -50 pb (USD, EUR) wynik finansowy pozosta\u0142e ca\u0142kowite dochody wynik finansowy pozosta\u0142e ca\u0142kowite dochody wynik finansowy pozosta\u0142e ca\u0142kowite dochody wynik finansowy pozosta\u0142e ca\u0142kowite dochody \u015arodki pieni\u0119\u017cne   18-(12)-32-(11)-Zobowi\u0105zanie z tytu\u0142u zad\u0142u\u017cenia (40)-27-(54)-21-Pochodne instrumenty finansowe \u2013 stopa procentowa - 134 - (97) -186-(66)Zobowi\u0105zania podobne --------Wp\u0142yw na wynik finansowy (22)-15-(22)-10-Wp\u0142yw na pozosta\u0142e ca\u0142kowite dochody 134(97)-186-(66)Wp\u0142yw reformy stawek referencyjnychGrupa  korzysta  z  instrument\u00f3w  finansowych  opartych  o  zmienne  stopy  procentowe,  kt\u00f3re  podlegaj\u0105  reformie wska\u017anik\u00f3w referencyjnych. W wyniku reformy zaprzestano publikacji cz\u0119\u015bci stawek IBOR od 1 stycznia 2022 r., a kolejne przestan\u0105 by\u0107 publikowane z dniem 30 czerwca 2023 r. Grupa zidentyfikowa\u0142a umowy, w kt\u00f3rych znajduj\u0105 si\u0119 zapisy oparte o stawk\u0119 LIBOR i kt\u00f3re ulegn\u0105 zmianie po zast\u0105pieniu stawki referencyjnej. S\u0105 to przede wszystkim umowy finansowania zewn\u0119trznego oraz umowy faktoringowe.  W 2022 r. cz\u0119\u015b\u0107  um\u00f3w finansowania  bilateralnego  zosta\u0142a aneksowana  w  celu  wprowadzenia  stawki SOFR  lub  CME  TERM  SOFR. Z pozosta\u0142ymi  instytucjami  finansowymi  prowadzone  s\u0105  negocjacje  maj\u0105ce  na  celu  zast\u0105pienie  stopy  LIBOR alternatywnym wska\u017anikiem. Dnia  7  lipca  2022  r.  zosta\u0142a  przyj\u0119ta  ustawa  o  crowdfundingu  dla  biznesu  i  wsparciu  kredytobiorc\u00f3w,  kt\u00f3ra  stanowi fundament do  zmiany wska\u017anika WIBOR oraz  WIBID  maj\u0105cych zastosowanie dla  instrument\u00f3w w  PLN.  W  nast\u0119pstwie zmian  legislacyjnych  we  wrze\u015bniu  2022  r.  Komitet  Steruj\u0105cy  Narodowej  Grupy  Roboczej  ds.  reformy  wska\u017anik\u00f3w referencyjnych  wskaza\u0142  WIRON  jako  docelowy  indeks  typu  Risk-Free  Rate  (RFR)  dla  polskiego  rynku  finansowego. Szczeg\u00f3\u0142y  dotycz\u0105ce  zast\u0105pienia  obowi\u0105zuj\u0105cych  wska\u017anik\u00f3w  alternatywnym  zostan\u0105  opublikowane  w  2023  r., a publikacja starych stawek WIBOR oraz WIBID zako\u0144czy si\u0119 w 2025 r. Do 2025 r. reforma IBOR nie b\u0119dzie mia\u0142a tak\u017ce wp\u0142ywu na stop\u0119 procentow\u0105 wykorzystywan\u0105 w zakresie instrument\u00f3w pochodnych  Grupy,  poniewa\u017c  zawarte  transakcje  CIRS  (otwarte  transakcje  swapa  walutowo-procentowego)  oraz wyemitowane  przez  Grup\u0119  obligacje  s\u0105  oparte  na  wska\u017aniku  referencyjnym  WIBOR.  W  przypadku  tego  benchmarku, do 2025 r. znajdujemy si\u0119 w okresie przej\u015bciowym, w kt\u00f3rym nie b\u0119d\u0105 wymagane dostosowania dla transakcji zawartych przed  reform\u0105.  Po  2025  r.  reforma  IBOR  mo\u017ce  mie\u0107  wp\u0142yw  na  zabezpieczenie  przep\u0142yw\u00f3w  pieni\u0119\u017cnych  zmiennych odsetek od wyemitowanych obligacji (Transza B) w wysoko\u015bci 1,6 mld PLN, w oparciu o WIBOR 6M, tj. na transakcje CIRS (swap walutowo-procentowy) z terminem realizacji w 2029 r. Grupa zastosowa\u0142a tymczasowe odst\u0119pstwa od stosowania szczeg\u00f3lnych wymog\u00f3w rachunkowo\u015bci zabezpiecze\u0144 w MSSF 9 w zwi\u0105zku z reform\u0105 IBOR i przyj\u0119\u0142a za\u0142o\u017cenie, \u017ce mo\u017ce kontynuowa\u0107 powi\u0105zania zabezpieczaj\u0105ce. Kwoty nominalne instrument\u00f3w zabezpieczaj\u0105cych do kt\u00f3rych stosowane s\u0105 te odst\u0119pstwa ujawnione s\u0105 w tabeli poni\u017cej. Na  dzie\u0144  31grudnia  2022  r.  Grupa  oszacowa\u0142a,  \u017ce  wp\u0142yw  reformy  IBOR  na  sprawozdanie  finansowe  Grupy  b\u0119dzie nieistotny. Na dzie\u0144 31 grudnia 2022 r. Grupa posiada\u0142a instrumenty finansowe oparte na zmiennych stopach procentowych, kt\u00f3re nie zosta\u0142y jeszcze zast\u0105pione wska\u017anikami alternatywnymi. Typ instrumentu finansowego Warto\u015b\u0107 bilansowa na 31.12.2022 Kredyty USD LIBOR 1M (528) WIBOR 1 (63) D\u0142u\u017cne papiery warto\u015bciowe WIBOR 6M (2 002) Faktoring d\u0142u\u017cny WIBOR 6M (18) Pochodne instrumenty finansowe (CIRS na 2029 r., 1 600 mln PLN) WIBOR 6M (198) Razem (2 809) Nota 7.5.1.5 Wp\u0142yw stosowania rachunkowo\u015bci zabezpiecze\u0144 na sprawozdanie finansowe Poni\u017csza tabela zawiera informacje dotycz\u0105ce zmian warto\u015bci godziwej instrument\u00f3w oraz koresponduj\u0105cych z nimi zmian warto\u015bci godziwej pozycji zabezpieczanych w okresie sprawozdawczym, b\u0119d\u0105ce podstaw\u0105 do uj\u0119cia cz\u0119\u015bci efektywnej i nieefektywnej zmiany warto\u015bci godziwej instrument\u00f3w zabezpieczaj\u0105cych w latach 2021-2022 (bez uwzgl\u0119dniania efektu podatkowego). W  powi\u0105zaniach  zabezpieczaj\u0105cych  jako  instrument  zabezpieczaj\u0105cy  jest  wyznaczona  wy\u0142\u0105cznie  warto\u015b\u0107  wewn\u0119trzna  opcji.  Warto\u015b\u0107  czasowa  zbiega  do  zera  w  horyzoncie  powi\u0105zania zabezpieczaj\u0105cego.  Nieefektywno\u015b\u0107 zabezpieczenia uj\u0119ta w rachunku wynik\u00f3w w okresach sprawozdawczych 2021 \u2013 2022 by\u0142a nieistotna.   Stan na 31.12.2022od 01.01.2022do 31.12.2022od 01.01.2022do 31.12.2022Stan na 31.12.2021od 01.01.2021do 31.12.2021od 01.01.2021do 31.12.2021Saldo pozosta\u0142ych ca\u0142kowitych dochod\u00f3w z tytu\u0142u zabezpieczenia przep\u0142yw\u00f3w pieni\u0119\u017cnych dla powi\u0105za\u0144Zmiana warto\u015bci pozycji zabezpieczanej Saldo pozosta\u0142ych ca\u0142kowitych dochod\u00f3w z tytu\u0142u zabezpieczenia przep\u0142yw\u00f3w pieni\u0119\u017cnych dla powi\u0105za\u0144typ powi\u0105zania  typ ryzyka  typ instrumentu \u2013 pozycji zabezpieczanejpozostaj\u0105cych w rachunkowo\u015bci zabezpiecze\u0144 dla kt\u00f3rych zaprzestano stosowa\u0107 rachunkowo\u015b\u0107 zabezpiecze\u0144 Zmiana warto\u015bci instrumentu zabezpieczaj\u0105cego pozostaj\u0105cych w rachunkowo\u015bci zabezpiecze\u0144 dla kt\u00f3rych zaprzestano stosowa\u0107 rachunkowo\u015b\u0107 zabezpiecze\u0144 Zmiana warto\u015bci pozycji zabezpieczanejZmiana warto\u015bci instrumentu zabezpieczaj\u0105cegoZabezpieczenie przep\u0142yw\u00f3w pieni\u0119\u017cnych Ryzyko towarowe (mied\u017a) Opcje \u2013 Przychody ze sprzeda\u017cy (21) (11) (327) 255 (1 357)-979(981)warto\u015b\u0107 wewn\u0119trzna 152 - - 325 (1 027)--(976)warto\u015b\u0107 czasowa (173) (11) - (70) (330)--(5)Ryzyko towarowe (srebro) Opcje \u2013 Przychody ze sprzeda\u017cy 19 - 16 (21) 9215(172)14warto\u015b\u0107 wewn\u0119trzna 30 - - (16) 16312-172warto\u015b\u0107 czasowa (11) - - (5) (71)3-(158)Ryzyko walutowe (USD) Opcje \u2013 Przychody ze sprzeda\u017cy 402 - (183) 403 (1)-115(192)warto\u015b\u0107 wewn\u0119trzna 193 - - 182 23--(114)warto\u015b\u0107 czasowa 209 - - 221 (24)--(78)Po\u017cyczki \u2013 Przychody ze sprzeda\u017cy - (64) - - -(80)--warto\u015b\u0107 wewn\u0119trzna - (64) - - -(80)--Ryzyko walutowe i stopy procentowej Opcje \u2013 Przychody ze sprzeda\u017cy (569) - 154 (137) (431)-406(371)warto\u015b\u0107 wewn\u0119trzna (569) - - (137) (431)--(371)Opcje \u2013 Przychody/koszty finansowe 315 - (181) 152 162-(332)300warto\u015b\u0107 wewn\u0119trzna 315 - - 152 162--300Razem, w tym: 146 (75) (521) 652 (1 535)(65)996(1 230)Razem warto\u015b\u0107 wewn\u0119trzna 121 - - 506 (1 110)(68)-(989)Razem warto\u015b\u0107 czasowa 25 (75) - 146 (425)3-(241)Poni\u017csza tabela zawiera informacje dotycz\u0105ce  wp\u0142ywu stosowania rachunkowo\u015bci zabezpiecze\u0144 na rachunek wynik\u00f3w oraz pozosta\u0142e ca\u0142kowite dochody (bez uwzgl\u0119dniania efektu podatkowego). od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021typ powi\u0105zania  typ ryzyka  typ instrumentu   Zyski lub (straty) z tytu\u0142u zabezpieczeniauj\u0119te w pozosta\u0142ych ca\u0142kowitych dochodachKwota przeklasyfikowana z pozosta\u0142ych ca\u0142kowitych dochod\u00f3w do sprawozdania z wyniku jako korekta z tytu\u0142u przeklasyfikowania, ze wzgl\u0119du na realizacj\u0119 pozycji zabezpieczanej w okresieZyski lub (straty) z tytu\u0142u zabezpieczeniauj\u0119te w pozosta\u0142ych ca\u0142kowitych dochodachKwota przeklasyfikowana z pozosta\u0142ych ca\u0142kowitych dochod\u00f3w do sprawozdania z wyniku jako korekta z tytu\u0142u przeklasyfikowania, ze wzgl\u0119du na realizacj\u0119 pozycji zabezpieczanej w okresieZabezpieczenie przep\u0142yw\u00f3w pieni\u0119\u017cnych Ryzyko towarowe (mied\u017a)Opcje *800(525)(2 047)(1 903)Ryzyko towarowe (srebro)Opcje *26114(11)(30)Ryzykowalutowe (USD)Opcje *357(46)(260)(72)Po\u017cyczki **-(16)-(16)Ryzyko walutowe i stopy procentowej CIRS ***5641(113)(43)Razem1 239(432)(2 431)(2 064)Pozycja w sprawozdaniu z wyniku, kt\u00f3ra zawiera korekt\u0119 z tytu\u0142u przeklasyfikowania: *  przychody z um\u00f3w z klientami, pozosta\u0142e przychody i (koszty) operacyjne, **   przychody z um\u00f3w z klientami, ***  przychody z um\u00f3w z klientami, pozosta\u0142e przychody i (koszty) finansowe. Poni\u017csza tabela zawiera informacje dotycz\u0105ce zmian w ramach pozosta\u0142ych ca\u0142kowitych dochod\u00f3w (bez uwzgl\u0119dnienia efektu podatkowego) w okresie w zwi\u0105zku ze stosowaniem rachunkowo\u015bci zabezpiecze\u0144 w 2021 i 2022 r. 2022 2021 Pozosta\u0142e ca\u0142kowite dochody z tytu\u0142u zabezpieczenia przep\u0142yw\u00f3w pieni\u0119\u017cnychKwoty efektywne*Koszt zabezpieczenia**RazemKwoty efektywne*Koszt zabezpieczenia**RazemPozosta\u0142e ca\u0142kowite dochody \u2013 transakcje zabezpieczaj\u0105ce ryzyko zmian cen towar\u00f3w i walutowe \u2013 na 1 stycznia   (1 178)(422)  (1 600)  (735)(498)  (1 233)Wp\u0142yw wyceny transakcji zabezpieczaj\u0105cych (cz\u0119\u015b\u0107 skuteczna)    1 124115  1 239(2 128)(303)  (2 431)Reklasyfikacja do rachunku wynik\u00f3w w zwi\u0105zku z realizacj\u0105 pozycji zabezpieczanej   122310  4321 685379  2 064Pozosta\u0142e ca\u0142kowite dochody \u2013 transakcje zabezpieczaj\u0105ce ryzyko zmian cen towar\u00f3w i walutowe \u2013 na 31 grudnia 683  71(1 178)(422)  (1 600)* Cz\u0119\u015b\u0107 efektywnej zmiany warto\u015bci godziwej instrument\u00f3w zabezpieczaj\u0105cych z tytu\u0142u zabezpieczanego ryzyka - warto\u015b\u0107 wewn\u0119trzna opcji. **  Warto\u015b\u0107 czasowa opcji + mar\u017ca CCBS Cross Currency Basis Swap.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "Nota 7.5.1.3 Ryzyko zmian kurs\u00f3w walutowych W  odniesieniu  do  ryzyka  zmian  kurs\u00f3w  walutowych  w  Grupie  Kapita\u0142owej  KGHM  Polska  Mied\u017a  S.A.  identyfikowane s\u0105 nast\u0119puj\u0105ce rodzaje ekspozycji: \u2022  ekspozycja transakcyjna dotycz\u0105ca zmienno\u015bci warto\u015bci przep\u0142yw\u00f3w pieni\u0119\u017cnych w walucie bazowej, \u2022  ekspozycja  dotycz\u0105ca  zmienno\u015bci  warto\u015bci  wybranych  pozycji  sprawozdania  z  sytuacji  finansowej  w walucie bazowej (funkcjonalnej), \u2022  ekspozycja  z  tytu\u0142u  inwestycji  netto  w  jednostkach  zagranicznych  dotycz\u0105ca  zmienno\u015bci  warto\u015bci skonsolidowanego kapita\u0142u w\u0142asnego w walucie bazowej (walucie prezentacji) Grupy Kapita\u0142owej. \u0179r\u00f3d\u0142em ekspozycji transakcyjnej na ryzyko walutowe s\u0105 kontrakty skutkuj\u0105ce przep\u0142ywami pieni\u0119\u017cnymi, kt\u00f3rych warto\u015b\u0107 w  walucie  bazowej  (funkcjonalnej)  jest  uzale\u017cniona  od  przysz\u0142ych  poziom\u00f3w  kurs\u00f3w  walut  obcych  wzgl\u0119dem  waluty bazowej. Przep\u0142ywy pieni\u0119\u017cne nara\u017cone na ryzyko walutowe mog\u0105 posiada\u0107 nast\u0119puj\u0105ce charakterystyki: \u2022  denominowanie  w  walutach  obcych  \u2013  przep\u0142ywy  realizowane  s\u0105  w  walutach  obcych  innych  ni\u017c  waluta funkcjonalna, \u2022  indeksowanie  do  kursu  walut  obcych  \u2013  przep\u0142ywy  mog\u0105  by\u0107  realizowane  w  walucie  bazowej,  lecz  cena (np. metalu) jest ustalana w innej walucie obcej. Kluczowym \u017ar\u00f3d\u0142em ekspozycji na ryzyko walutowe w dzia\u0142alno\u015bci biznesowej Jednostki Dominuj\u0105cej s\u0105 wp\u0142ywy z tytu\u0142u sprzeda\u017cy produkt\u00f3w (w cz\u0119\u015bci dotycz\u0105cej cen metali, premii przerobowej i producenckiej). \u0179r\u00f3d\u0142em  ekspozycji  na  ryzyko  walutowe  s\u0105  r\u00f3wnie\u017c  pozycje  skonsolidowanego  sprawozdania  z  sytuacji  finansowej w walutach obcych,  kt\u00f3re  na  gruncie  obowi\u0105zuj\u0105cych  zasad  rachunkowo\u015bci,  podlegaj\u0105  przeliczeniu na  bazie  bie\u017c\u0105cego kursu waluty obcej wzgl\u0119dem waluty bazowej (funkcjonalnej) w zwi\u0105zku z rozliczeniem lub okresow\u0105 wycen\u0105, w tym tak\u017ce z  tytu\u0142u  przeliczenia  sprawozda\u0144  jednostek  zagranicznych.  Zmiany  warto\u015bci  bilansowych  takich  pozycji  pomi\u0119dzy momentami wyceny wp\u0142ywaj\u0105 na zmienno\u015b\u0107 zysku/straty netto lub pozosta\u0142ych ca\u0142kowitych dochod\u00f3w. Ekspozycja na ryzyko walutowe pozycji skonsolidowanego sprawozdania z sytuacji finansowej dotyczy w szczeg\u00f3lno\u015bci: \u2022  nale\u017cno\u015bci i zobowi\u0105za\u0144 handlowych z tytu\u0142u sprzeda\u017cy i zakup\u00f3w denominowanych w walutach obcych, \u2022  nale\u017cno\u015bci finansowych z tytu\u0142u po\u017cyczek udzielonych w walutach obcych, \u2022  zobowi\u0105za\u0144 finansowych z tytu\u0142u zad\u0142u\u017cenia w walutach obcych, \u2022  \u015brodk\u00f3w pieni\u0119\u017cnych w walutach obcych, \u2022  instrument\u00f3w pochodnych na rynku metali. W  przypadku  rynku  walutowego,  nomina\u0142  rozliczonych  transakcji  zabezpieczaj\u0105cych  przychody  ze sprzeda\u017cy  metali stanowi\u0142 oko\u0142o 20% (w 2021 r. 28%) ca\u0142kowitych przychod\u00f3w ze sprzeda\u017cy miedzi i srebra zrealizowanych przez Jednostk\u0119 Dominuj\u0105c\u0105 w 2022 r.  W ramach realizacji strategicznego planu zabezpiecze\u0144 przed ryzykiem rynkowym w 2022 r. Jednostka Dominuj\u0105ca naby\u0142a opcje sprzeda\u017cy na rynku walutowym dla 205 mln USD planowanych przychod\u00f3w ze sprzeda\u017cy z terminami zapadalno\u015bci od kwietnia 2022 r. do grudnia 2022 r., a tak\u017ce struktury opcyjne korytarz na rynku walutowym \u0142\u0105cznie dla 400 mln USD planowanych  przychod\u00f3w  ze  sprzeda\u017cy  w  okresie  od  sierpnia  2022  r.  do  grudnia  2022  r.  oraz  struktury  korytarz  dla 2 640 mln USD na okres od stycznia 2023 r. do grudnia 2024 r. Ponadto  w  ramach  bie\u017c\u0105cego  zarz\u0105dzania  ryzykiem  walutowym  zawierano  kr\u00f3tkoterminowe  transakcje  sprzeda\u017cy terminowej (forward),  kt\u00f3rych  celem  by\u0142o  zabezpieczenie przed  ryzykiem  zwi\u0105zanym  z  wahaniami kursu  USD/PLN,  dla zaplanowanych kr\u00f3tkoterminowych przep\u0142yw\u00f3w finansowych. Transakcje forward zosta\u0142y rozliczone w III kwartale 2022 r. W  efekcie  na  dzie\u0144  31  grudnia  2022  r.  Jednostka  Dominuj\u0105ca  posiada\u0142a  otwart\u0105  pozycj\u0119  zabezpieczaj\u0105c\u0105  na  rynku walutowym  dla  nomina\u0142u  2 955  mln  USD  (1 050  mln  USD  na  dzie\u0144  31  grudnia  2021  r.)  oraz  transakcje  CIRS   (Cross Currency Interest Rate Swap - swap walutowo-procentowy) dla nomina\u0142u 2 mld PLN, zar\u00f3wno zabezpieczaj\u0105ce przychody ze sprzeda\u017cy w walucie, jak i zmienne oprocentowanie wyemitowanych obligacji. Poni\u017csza  tabela  prezentuje  skr\u00f3cone  zestawienie  otwartych  transakcji  w  instrumentach  pochodnych  jednostki Dominuj\u0105cej  na rynku  walutowym  na  31  grudnia  2022  r.  (zabezpieczony  wolumen  w  prezentowanych  okresach  jest roz\u0142o\u017cony r\u00f3wnomiernie w podziale miesi\u0119cznym). Zabezpieczenie ryzyka zmian kursu walutowego USD/ PLN \u2013 instrumenty pochodne otwarte na 31 grudnia 2022 r. Zabezpieczenie ryzyka zmian kursu walutowego USD/PLN \u2013 instrumenty pochodne otwarte na 31 grudnia 2021 r. Zabezpieczenie ryzyka walutowo-procentowego zwi\u0105zanego z emisj\u0105 obligacji o zmiennym oprocentowaniu w PLN \u2013 instrumenty pochodne otwarte na 31 grudnia 2022 r. oraz na 31 grudnia 2021 r. Instrument Nomina\u0142 \u015arednia stopa procentowa \u015aredni kurs wymiany [mln PLN] [ sta\u0142a stopa % dla USD] [USD/PLN] VI  2024 CIRS 400 3,23% 3,78 VI 2029 CIRS 1 600 3,94% 3,81 SUMA 2 000 Niekt\u00f3re polskie  sp\u00f3\u0142ki Grupy Kapita\u0142owej  zarz\u0105dza\u0142y  ryzykiem walutowym, zwi\u0105zanym z  ich podstawow\u0105 dzia\u0142alno\u015bci\u0105 (m.in.  handlow\u0105), poprzez  zawieranie transakcji  w  instrumentach  pochodnych  m.in.  na rynku  USD/PLN oraz EUR/PLN. Zestawienie otwartych transakcji na 31 grudnia 2022 r. oraz 31 grudnia 2021 r. nie jest prezentowane ze wzgl\u0119du na ma\u0142\u0105 istotno\u015b\u0107 dla Grupy Kapita\u0142owej. W ramach zarz\u0105dzania ryzykiem walutowym Jednostka Dominuj\u0105ca stosuje hedging naturalny polegaj\u0105cy na zaci\u0105ganiu kredyt\u00f3w w walutach, w kt\u00f3rych osi\u0105ga przychody. Warto\u015b\u0107 kredyt\u00f3w i po\u017cyczek inwestycyjnych na 31 grudnia 2022 r. zaci\u0105gni\u0119tych w walucie USD, po przeliczeniu na PLN wynios\u0142a 3 435 mln PLN (na 31 grudnia 2021 r. 2 980 mln PLN).  Nomina\u0142 \u015aredniowa\u017cony kurs wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia Instrument/ struktura opcyjna sprzeda\u017c opcji sprzeda\u017cy zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna ograniczenie zabezpieczenia zabezpieczenie kursu walutowego ograniczenie partycypacji [mln USD] [USD/PLN] [USD/PLN] [USD/PLN] [PLN za 1 USD] [USD/PLN] 2023 mewa  135,00 3,30 4,00 4,60 (0,00) 4,00 mewa  180,00 3,30 3,90 4,50 0,03 3,93 korytarz  660,00 - 4,48 5,48 (0,03) 4,45 korytarz  660,00 - 4,69 6,09 (0,05) 4,64  SUMA 2023  1 635,00 2024 korytarz  660,00 - 4,48 5,48 (0,00) 4,48 korytarz  660,00 - 4,69 6,09 (0,01) 4,68 SUMA 2024  1 320,00 Nomina\u0142 Kurs wykonania opcji \u015aredniowa\u017cony poziom premii Efektywny poziom zabezpieczenia Instrument/ struktura opcyjna sprzeda\u017c opcji sprzeda\u017cy  zakup opcji sprzeda\u017cy sprzeda\u017c opcji kupna ograniczenie zabezpieczenia zabezpieczenie kursu walutowego ograniczenie partycypacji [mln USD] [USD/PLN] [USD/PLN] [USD/PLN] [PLN za 1 USD] [USD/PLN] I p\u00f3\u0142. mewa 67,5 3,30 4,00 4,60 (0,01) 3,99 mewa 90 3,50 3,90 4,50 0,04 3,94 zakup opcji sprzeda\u017cy 180 - 3,75 - (0,04) 3,71 II p\u00f3\u0142. mewa 67,5 3,30 4,00 4,60 (0,01) 3,99 mewa 90 3,30 3,90 4,50 0,03 3,93 korytarz 240 - 3,85 4,60 (0,04) 3,81  SUMA 2022  735 2023 mewa 135 3,30 4,00 4,60 (0,00) 4,00 mewa 180 3,30 3,90 4,50 (0,03) 3,93 SUMA 2023  315 Poni\u017csze  tabele  prezentuj\u0105  struktur\u0119  walutow\u0105  instrument\u00f3w  finansowych  nara\u017conych  na  ryzyko  walutowe  (zmiany kurs\u00f3w USD/PLN , EUR/PLN, CAD/PLN oraz GBP/PLN) Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. oraz analiz\u0119 wra\u017cliwo\u015bci na ryzyko zmian kurs\u00f3w walutowych. Do wyznaczenia zakresu potencjalnych zmian kurs\u00f3w USD/PLN, EUR/PLN, CAD/PLN oraz GBP/PLN dla cel\u00f3w analizy wra\u017cliwo\u015bci wykorzystano model Blacka-Scholesa (geometryczny ruch Browna). Instrumenty finansowe Warto\u015b\u0107 nara\u017cona na ryzyko na 31.12.2022 razem mln PLN  mln USD mln EUR  mln CAD Udzia\u0142y i akcje 4  -  -  1   Nale\u017cno\u015bci od odbiorc\u00f3w  776  140  30  5   \u015arodki pieni\u0119\u017cne i ekwiwalenty  868  163  20  17   D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 9 603  2 182  -  -   Pozosta\u0142e aktywa finansowe  234  44  -  12   Pochodne instrumenty finansowe* 357  36  -  -   Zobowi\u0105zania wobec dostawc\u00f3w i podobne (1 063)  (153)  (75)  (11)   Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 578)  (793)  (10)  (13)   Pozosta\u0142e zobowi\u0105zania finansowe (49)  (9)  (2)  -   * W pozycji  pochodne instrumenty finansowe  w  kolumnie  \u201emln USD\u201d zaprezentowane  s\u0105  transakcje  na  rynku metali,  kt\u00f3re s\u0105 wyceniane w USD i p rzeliczane na PLN po kursie z dnia ko\u0144cz\u0105cego okres sprawozdawczy, natomiast kolumna \u201erazem mln PLN\u201d uwzgl\u0119dnia r\u00f3wnie\u017c warto\u015b\u0107 godziw\u0105 instrument\u00f3w pochodnych wycenianych wy\u0142\u0105cznie w PLN. Instrumenty finansowe Warto\u015b\u0107 nara\u017cona na ryzyko na 31.12.2021 razem mln PLN  mln USD mln EUR  mln CAD  mln GBP Udzia\u0142y i akcje 5 -  -  2  - Nale\u017cno\u015bci od odbiorc\u00f3w  515 80  30  4  8 \u015arodki pieni\u0119\u017cne i ekwiwalenty  1 558 341  20  23  2 D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 7 867 1 938  -  -  - Kr\u00f3tkoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 447 110  -  -  - Pozosta\u0142e aktywa finansowe  150 26  -  12  - Pochodne instrumenty finansowe* (1 174) 220  -  -  - Zobowi\u0105zania wobec dostawc\u00f3w i podobne (1 132) (167)  (87)  (16)  - Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 121) (736)  (18)  (15)  - Pozosta\u0142e zobowi\u0105zania finansowe (177) (41)  (3)  -  - * W  pozycji  pochodne  instrumenty  finansowe  w  kolumnie  \u201emln  USD\u201d zaprezentowane  s\u0105  transakcje  na  rynku  metali, kt\u00f3re  s\u0105  wyceniane w USD i przeliczane na PLN po kursie z dnia ko\u0144cz\u0105cego okres sprawozdawczy, natomiast kolumna \u201erazem mln PLN\u201d uwzgl\u0119dnia r\u00f3wnie\u017c warto\u015b\u0107 godziw\u0105 instrument\u00f3w pochodnych wycenianych wy\u0142\u0105cznie w PLN. Analiza wra\u017cliwo\u015bci Grupy Kapita\u0142owej na ryzyko zmian kurs\u00f3w walutowych w 2022 r. i 2021 r. Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2022Zmiana kursu USD/PLN Zmiana kursu EUR/PLN Zmiana kursu CAD/PLN   5,03 (+14%)  3,91 (-11%)    5,18 (+10%)4,48 (-5%)  3,68 (+13%)  2,88 (-11%)   Aktywa i zobowi\u0105zania finansowe na dzie\u0144 31.12.2022 wynik finansowy pozosta\u0142e ca\u0142kowite dochody wynik finansowy pozosta\u0142e ca\u0142kowite dochody   wynik finansowy wynik finansowy wynik finansowy wynik finansowy       Udzia\u0142y i akcje 4  521 --------Nale\u017cno\u015bci od odbiorc\u00f3w  776  1 178 88-(68)-15(6)2(2)\u015arodki pieni\u0119\u017cne i ekwiwalenty 868  1 200 102-(79)-10(4)7(6)D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 9 603  9 603 1 372-(1 065)-----Pozosta\u0142e aktywa finansowe  234  890    28-(21)---5(4)Pochodne instrumenty finansowe 357  357 (3)(1 197)(6)1 193(2)1--Zobowi\u0105zania wobec dostawc\u00f3w  i podobne (1 063)  (3 280)    (96)-75-(37)16(5)4Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 578)  (6 443)    (499)-387-(5)2(5)5Pozosta\u0142e zobowi\u0105zania finansowe (49)  (211)    (6)-4-(1)---Wp\u0142yw na wynik finansowy 986-(773)-(20)94(3)Wp\u0142yw na pozosta\u0142e ca\u0142kowite dochody (1 197)1 193----Warto\u015b\u0107 nara\u017cona na ryzykoWarto\u015b\u0107 bilansowa 31.12.2021Zmiana kursu USD/PLN Zmiana kursu EUR/PLN Zmiana kursu CAD/PLN   Zmiana kursu GBP/PLN   4,57 (+13%)  3,66 (-10%)    5,01 (+9%)4,37 (-5%)  3,55 (+11%)  2,90 (-9%)    6,15 (+12%)4,98 (-9%)Aktywa i zobowi\u0105zania finansowe na dzie\u0144 31.12.2021 wynik finansowy pozosta\u0142e ca\u0142kowite dochody wynik finansowy pozosta\u0142e ca\u0142kowite dochody   wynik finansowy wynik finansowy wynik finansowy wynik finansowy   wynik finansowy wynik finansowy Udzia\u0142y i akcje 5  615 ------1---Nale\u017cno\u015bci od odbiorc\u00f3w  515  1 026 41-(32)-12(7)1(1)5(4)\u015arodki pieni\u0119\u017cne i ekwiwalenty 1 558  1 904 175-(138)-8(4)8(7)1(1)D\u0142ugoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 7 867  7 867997-(782)-------Kr\u00f3tkoterminowe po\u017cyczki udzielone na rzecz wsp\u00f3lnych przedsi\u0119wzi\u0119\u0107 447  447    57-(44)-------Pozosta\u0142e aktywa finansowe  150  671    14-(11)---4(3)--Pochodne instrumenty finansowe (1 174)  (1 174) 10 (646) 2 527 (7)4----Zobowi\u0105zania wobec dostawc\u00f3w  i podobne (1 132)  (3 201)    (86)-67-(36)20(6)5--Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia (3 121)  (5 949)    (379)-297-(7)4(6)4--Pozosta\u0142e zobowi\u0105zania finansowe (177)  (479)    (21)-16-(1)1----Wp\u0142yw na wynik finansowy 808-(625)-(31)182(2)6(5)Wp\u0142yw na pozosta\u0142e ca\u0142kowite dochody (646)527------",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "Nota 7.5.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe Ryzyko <span class=\"_ _53\"></span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>rozumiane <span class=\"_ _2\"></span>jest <span class=\"_ _53\"></span>jako <span class=\"_ _53\"></span>mo\u017cliw<span class=\"_ _3\"></span>o\u015b\u0107 <span class=\"_ _53\"></span>niewywi\u0105zania<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>si\u0119 <span class=\"_ _53\"></span>d\u0142u\u017cnik\u00f3w<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _53\"></span>ze <span class=\"_ _53\"></span>zobowi\u0105za\u0144<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>jest zwi\u0105zane z trz<span class=\"_ _3\"></span>ema g\u0142\u00f3wnymi obsza<span class=\"_ _3\"></span>rami: wiarygodno\u015bci\u0105 kred<span class=\"_ _3\"></span>ytow\u0105 klient\u00f3w, z<span class=\"_ _3\"></span> kt\u00f3rymi zawiera si\u0119 transa<span class=\"_ _3\"></span>kcje fizycznej sprz<span class=\"_ _3\"></span>eda\u017cy produkt\u00f3<span class=\"_ _3\"></span>w, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">wiarygodn<span class=\"_ _3\"></span>o\u015bci\u0105 <span class=\"_ _54\"> </span>kredytow\u0105 <span class=\"_ _5a\"> </span>instytucji <span class=\"_ _54\"> </span>finansowych <span class=\"_ _5a\"> </span>(bank\u00f3w/broker\u00f3w), <span class=\"_ _5a\"> </span>z kt\u00f3rymi <span class=\"_ _54\"> </span>zawiera <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>transakcje </span></span>zabezpieczaj\u0105ce <span class=\"_ _0\"></span>lub <span class=\"_ _1\"> </span>kt\u00f3re <span class=\"_ _0\"> </span>po\u015brednicz\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>zawieraniu, <span class=\"_ _0\"></span>a <span class=\"_ _1\"> </span>tak\u017ce <span class=\"_ _0\"></span>tych <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>kt\u00f3rych <span class=\"_ _0\"></span>lokowane <span class=\"_ _1\"> </span>s\u0105 <span class=\"_ _0\"></span>wolne <span class=\"_ _1\"> </span>\u015brodki pieni\u0119\u017cne, \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">kondycj\u0105 finans<span class=\"_ _3\"></span>ow\u0105 sp\u00f3\u0142ek zale\u017c<span class=\"_ _3\"></span>nych \u2013 po\u017cyczkobi<span class=\"_ _3\"></span>orc\u00f3w. </span></span>W uj\u0119ciu szczeg<span class=\"_ _3\"></span>\u00f3\u0142owym \u017ar\u00f3d\u0142a ek<span class=\"_ _3\"></span>spozycji na ryzyko kredyt<span class=\"_ _3\"></span>owe stanowi\u0105:  \u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">\u015brodki pieni\u0119\u017cn<span class=\"_ _3\"></span>e i lokaty bank<span class=\"_ _3\"></span>owe, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">instrumenty p<span class=\"_ _3\"></span>ochodne, </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w,  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone p<span class=\"_ _3\"></span>o\u017cyczki (Nota 6.2),<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">udzielone gwa<span class=\"_ _3\"></span>rancje i por\u0119czeni<span class=\"_ _3\"></span>a (Nota 8.6), </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _5c\"> </span><span class=\"ff2\">pozosta\u0142e akt<span class=\"_ _3\"></span>ywa finansowe. </span></span>Nota 7.5.2.1 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane ze \u015brodkami pi<span class=\"_ _3\"></span>eni\u0119\u017cnymi i lokatami <span class=\"_ _3\"></span>bankowymi Grupa  Kapita\u0142owa <span class=\"_ _74\"> </span>alokuje  okresowo  woln<span class=\"_ _3\"></span>e  \u015brodki  pieni<span class=\"_ _3\"></span>\u0119\u017cne  zgodnie  z <span class=\"_ _74\"> </span>wymogami  zachowania <span class=\"_ _74\"> </span>p\u0142<span class=\"_ _2\"></span>ynno\u015bci  finans<span class=\"_ _3\"></span>owej i ograniczoneg<span class=\"_ _3\"></span>o ryzyka oraz w celu <span class=\"_ _3\"></span>ochrony kapita\u0142u i maksyma<span class=\"_ _3\"></span>lizacji przychod\u00f3w <span class=\"_ _3\"></span>odsetkowych. Wed\u0142ug  stanu  na <span class=\"_ _74\"> </span>31 grudnia  2022 <span class=\"_ _74\"> </span>r.  \u0142\u0105czna  kwota  \u015brodk\u00f3w  p<span class=\"_ _3\"></span>ieni\u0119\u017cnych  w  ram<span class=\"_ _3\"></span>ach  wolnych  \u015brodk<span class=\"_ _3\"></span>\u00f3w  oraz  \u015brodk\u00f3w o ograniczonej mo\u017cliwo\u015bci <span class=\"_ _2\"></span>dysponowania w <span class=\"_ _2\"></span>wy<span class=\"_ _2\"></span>soko\u015bci 1 195 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>utrzymywana <span class=\"_ _2\"></span>by\u0142a <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach bankowych <span class=\"_ _2\"></span>oraz lokatach kr\u00f3tkotermin<span class=\"_ _3\"></span>owych (na 31 <span class=\"_ _3\"></span>grudnia 2021 r<span class=\"_ _3\"></span>. \u0142\u0105cznie 1 904 mln PLN). Wszystkie <span class=\"_ _2\"></span>podmioty, kt\u00f3rym <span class=\"_ _2\"></span>Grupa powierza <span class=\"_ _2\"></span>\u015brodki <span class=\"_ _2\"></span>pieni\u0119\u017cne, dzia\u0142aj\u0105 <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>ktorz<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>finansowym. <span class=\"_ _2\"></span>Analiza ekspozycji <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ten rodzaj <span class=\"_ _2\"></span>ryzyka <span class=\"_ _2\"></span>wykaza\u0142a, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>wy\u0142\u0105cznie <span class=\"_ _2\"></span>banki <span class=\"_ _2\"></span>posiadaj\u0105ce <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>ziomie najwy\u017cszym, <span class=\"_ _2\"></span>\u015bredniowysokim <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>\u015brednim, a tak\u017ce <span class=\"_ _0\"> </span>dysponuj\u0105ce <span class=\"_ _1\"> </span>odpowiednim <span class=\"_ _0\"></span>kapita\u0142em <span class=\"_ _1\"> </span>w\u0142asnym <span class=\"_ _1\"> </span>oraz <span class=\"_ _0\"></span>siln\u0105 <span class=\"_ _1\"> </span>i ustabilizowan\u0105 <span class=\"_ _0\"></span>pozycj\u0105 <span class=\"_ _1\"> </span>rynkow\u0105. <span class=\"_ _1\"> </span>Ryzyko <span class=\"_ _0\"></span>kredytowe z tego <span class=\"_ _57\"> </span>tytu\u0142u <span class=\"_ _59\"> </span>jest <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _146\"> </span>po<span class=\"_ _2\"></span>przez <span class=\"_ _57\"> </span>bie\u017c\u0105c\u0105 <span class=\"_ _57\"> </span>weryfikacj\u0119 <span class=\"_ _57\"> </span>kondycji <span class=\"_ _59\"> </span>finan<span class=\"_ _3\"></span>sowej <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _57\"> </span>utrzymywanie <span class=\"_ _57\"> </span>odpowiedni<span class=\"_ _3\"></span>o niskiego poziomu <span class=\"_ _3\"></span>koncentracji w <span class=\"_ _3\"></span>poszczeg\u00f3lnych instytucjac<span class=\"_ _3\"></span>h finansowych.<span class=\"_ _3\"></span> W <span class=\"_ _53\"></span>tabeli <span class=\"_ _0\"></span>poni\u017cej <span class=\"_ _53\"></span>zaprezent<span class=\"_ _3\"></span>owano <span class=\"_ _53\"></span>poziom <span class=\"_ _0\"></span>kon<span class=\"_ _3\"></span>centracji <span class=\"_ _53\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokat <span class=\"_ _53\"></span>z <span class=\"_ _53\"></span>uwzgl\u0119dnieniem <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej instytucji finans<span class=\"_ _3\"></span>owych*.  Poziom ratingu<span class=\"_ _3\"></span> Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Najwy\u017cszy <span class=\"_ _13c\"> </span>AAA do AA<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od <span class=\"_ _3\"></span>Aaa do Aa3 wg <span class=\"_ _3\"></span>Moody\u2019s 10%<span class=\"_ _192\"> </span>22%<span class=\"_ _192\"> </span>\u015aredniowysoki od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> 73%<span class=\"_ _192\"> </span>53%<span class=\"_ _192\"> </span>\u015aredni  <span class=\"_ _77\"> </span>od BBB+ do BBB<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od Baa<span class=\"_ _3\"></span>1 do Baa3 wg Moody<span class=\"_ _3\"></span>\u2019s 17%<span class=\"_ _192\"> </span>25%<span class=\"_ _192\"> </span>* Wa\u017cone kwot<span class=\"_ _2\"></span>\u0105 \u015brodk\u00f3w p<span class=\"_ _2\"></span>ieni\u0119\u017cnych<span class=\"_ _2\"></span> zdeponowan<span class=\"_ _2\"></span>ych na rachun<span class=\"_ _2\"></span>kach bie\u017c\u0105cych i l<span class=\"_ _2\"></span>okatach.<span class=\"_ _192\"> </span>Zasady rachunk<span class=\"_ _2\"></span>owo\u015bci Grupa <span class=\"_ _59\"> </span>ujmuje <span class=\"_ _57\"> </span>odpis <span class=\"_ _59\"> </span>z <span class=\"_ _59\"> </span>tytu\u0142u <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>czekiwanych <span class=\"_ _57\"> </span>strat <span class=\"_ _59\"> </span>kredytowych <span class=\"_ _57\"> </span>na <span class=\"_ _59\"> </span>sk\u0142adnikach <span class=\"_ _59\"> </span>aktyw\u00f3w <span class=\"_ _57\"> </span>finansowych <span class=\"_ _59\"> </span>wycenian<span class=\"_ _3\"></span>ych w zamortyzowanym <span class=\"_ _146\"> </span>koszcie. <span class=\"_ _59\"> </span>Ocz<span class=\"_ _3\"></span>ekiwane <span class=\"_ _57\"> </span>straty <span class=\"_ _59\"> </span>kredytowe <span class=\"_ _57\"> </span>s\u0105 <span class=\"_ _57\"> </span>to <span class=\"_ _59\"> </span>straty <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _146\"> </span>wa\u017cone<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>prawdopodobie\u0144stw<span class=\"_ _3\"></span>em wyst\u0105pienia <span class=\"_ _59\"> </span>niewykonania <span class=\"_ _59\"> </span>zob<span class=\"_ _3\"></span>owi\u0105zania. <span class=\"_ _59\"> </span>Grupa <span class=\"_ _59\"> </span>stosuje <span class=\"_ _59\"> </span>nast\u0119puj\u0105ce <span class=\"_ _59\"> </span>modele <span class=\"_ _59\"> </span>wyznaczania <span class=\"_ _57\"> </span>odpis\u00f3w <span class=\"_ _59\"> </span>z tytu\u0142u <span class=\"_ _59\"> </span>utraty warto\u015bci: - model uproszczon<span class=\"_ _3\"></span>y \u2013 dla nale\u017cno\u015bci <span class=\"_ _3\"></span>od odbiorc\u00f3w, - model og\u00f3lny (p<span class=\"_ _3\"></span>odstawowy) \u2013 dla pozosta\u0142<span class=\"_ _3\"></span>ych aktyw\u00f3w finans<span class=\"_ _3\"></span>owych. W <span class=\"_ _53\"></span>modelu <span class=\"_ _53\"></span>og\u00f3lnym <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>monitoruje <span class=\"_ _2\"></span>zmiany <span class=\"_ _53\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _2\"></span>kredy<span class=\"_ _2\"></span>towego <span class=\"_ _2\"></span>zwi\u0105zanego <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>danym <span class=\"_ _53\"></span>sk\u0142adnikiem <span class=\"_ _53\"></span>aktyw\u00f3w<span class=\"_ _3\"></span> finansowych oraz klasyfikuj<span class=\"_ _3\"></span>e aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis<span class=\"_ _3\"></span>\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu <span class=\"_ _146\"> </span>o<span class=\"_ _2\"></span>  obserwacj\u0119  zmiany  po<span class=\"_ _2\"></span>ziomu  ryzyka  kredytowego  w <span class=\"_ _57\"> </span>stosunku  do <span class=\"_ _146\"> </span>poc<span class=\"_ _2\"></span>z\u0105tkow<span class=\"_ _3\"></span>ego <span class=\"_ _146\"> </span>uj\u0119cia  inst<span class=\"_ _2\"></span>rumentu.<span class=\"_ _3\"></span> W szczeg\u00f3lno\u015bci, <span class=\"_ _62\"> </span>monit<span class=\"_ _3\"></span>orowaniu <span class=\"_ _62\"> </span>podlega: <span class=\"_ _62\"> </span>rating <span class=\"_ _62\"> </span>kredytowy <span class=\"_ _62\"> </span>oraz <span class=\"_ _62\"> </span>sytuacja <span class=\"_ _62\"> </span>finansowa <span class=\"_ _62\"> </span>kontrahenta <span class=\"_ _62\"> </span>i <span class=\"_ _62\"> </span>okres przeterminowania <span class=\"_ _2\"></span>p\u0142atno\u015bci. <span class=\"_ _53\"></span>W <span class=\"_ _53\"></span>zale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>zaklasyfikowania <span class=\"_ _2\"></span>do <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>oszczeg\u00f3lnych <span class=\"_ _53\"></span>stopni, <span class=\"_ _53\"></span>odpis <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci jest <span class=\"_ _74\"> </span>szacowany <span class=\"_ _1\"> </span>w horyzoncie <span class=\"_ _1\"> </span>12-miesi\u0119cy <span class=\"_ _74\"> </span>(stopie\u0144 <span class=\"_ _1\"> </span>1) <span class=\"_ _74\"> </span>lub <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>horyzoncie <span class=\"_ _74\"> </span>\u017cycia <span class=\"_ _74\"> </span>instrumentu <span class=\"_ _1\"> </span>(stopie\u0144 <span class=\"_ _74\"> </span>2 <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>raz <span class=\"_ _1\"> </span>stopie\u0144 <span class=\"_ _74\"> </span>3). Bezwzgl\u0119dn\u0105 <span class=\"_ _74\"> </span>przes\u0142ank\u0105 <span class=\"_ _58\"> </span>na <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>kre\u015blenie <span class=\"_ _74\"> </span>wyst\u0105pienia <span class=\"_ _74\"> </span>stanu  niew<span class=\"_ _3\"></span>yp\u0142acalno\u015bci  (d<span class=\"_ _3\"></span>efault)  j<span class=\"_ _3\"></span>est  pr<span class=\"_ _3\"></span>zeterminowanie <span class=\"_ _58\"> </span>p\u0142atno\u015bc<span class=\"_ _3\"></span>i o ponad 90 dni. <span class=\"_ _3\"></span> W <span class=\"_ _0\"></span>modelu <span class=\"_ _0\"></span>uproszczonym <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>nie<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>monitoruje <span class=\"_ _0\"></span>zmian <span class=\"_ _0\"></span>poziomu <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"> </span>kredytowego <span class=\"_ _0\"></span>w <span class=\"_ _0\"> </span>t<span class=\"_ _2\"></span>rakcie <span class=\"_ _0\"></span>\u017cycia <span class=\"_ _0\"></span>instrumentu <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>raz<span class=\"_ _3\"></span> szacuje <span class=\"_ _2\"></span>oczekiwan\u0105 <span class=\"_ _53\"></span>strat\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _53\"></span>w <span class=\"_ _2\"></span>horyzoncie <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>terminu <span class=\"_ _53\"></span>zapad<span class=\"_ _3\"></span>alno\u015bci <span class=\"_ _53\"></span>instrumentu <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>oparciu <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>historyczne <span class=\"_ _2\"></span>dane dotycz\u0105ce sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci nale\u017cno\u015bci od odb<span class=\"_ _3\"></span>iorc\u00f3w.<span class=\"_ _192\"> </span>Poziom <span class=\"_ _54\"> </span>ryz<span class=\"_ _3\"></span>yka <span class=\"_ _54\"> </span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _54\"> </span>instytucji <span class=\"_ _5a\"> </span>finansowej <span class=\"_ _5a\"> </span>wynikaj\u0105cego <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>utrzymywania <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>niej <span class=\"_ _54\"> </span>\u015b<span class=\"_ _3\"></span>rodk\u00f3w <span class=\"_ _54\"> </span>pieni\u0119\u017cny<span class=\"_ _3\"></span>ch <span class=\"_ _54\"> </span>na rachunkach <span class=\"_ _1\"> </span>bankowych <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>zdeponowanych <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>lokacie, <span class=\"_ _1\"> </span>maj\u0105c <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>uwadze <span class=\"_ _74\"> </span>r\u00f3wnie\u017c <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>tych <span class=\"_ _1\"> </span>instrument\u00f3w, <span class=\"_ _1\"> </span>jest <span class=\"_ _1\"> </span>na poziomie niemal\u017ce j<span class=\"_ _3\"></span>ednakowym, <span class=\"_ _3\"></span>st\u0105d zaprezentowano \u0142\u0105czni<span class=\"_ _3\"></span>e. Wed\u0142ug <span class=\"_ _1\"> </span>stanu <span class=\"_ _0\"> </span>na <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"> </span>20<span class=\"_ _2\"></span>22 <span class=\"_ _0\"> </span>r.<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>maksymalny <span class=\"_ _0\"></span>udzia\u0142 <span class=\"_ _1\"> </span>jednego <span class=\"_ _1\"> </span>podmiotu <span class=\"_ _1\"> </span>w <span class=\"_ _0\"> </span>kwoc<span class=\"_ _2\"></span>ie <span class=\"_ _0\"> </span>nara\u017conej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"> </span>ryzyko<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>kredy<span class=\"_ _2\"></span>towe zwi\u0105zane <span class=\"_ _53\"></span>ze <span class=\"_ _0\"></span>\u015br<span class=\"_ _3\"></span>odkami <span class=\"_ _0\"></span>pieni<span class=\"_ _3\"></span>\u0119\u017cnymi <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>lokatami <span class=\"_ _53\"></span>bankowymi <span class=\"_ _53\"></span>wyni\u00f3s\u0142 <span class=\"_ _53\"></span>30%, <span class=\"_ _53\"></span>tj. <span class=\"_ _0\"></span>354 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2021 r. 41%, tj. 778<span class=\"_ _3\"></span> mln PLN). Stan na 31.12.2022 Stan na 31.12.2021<span class=\"ff2\"> </span>Kontrahent 1 354 778 Kontrahent 2 335 322 Kontrahent 3 105 259 Kontrahent 4 76 156 Kontrahent 5 73 121 Pozostali 252 268 Razem 1 195 1 904 Odpisy <span class=\"_ _5a\"> </span>z <span class=\"_ _5a\"> </span>tytu\u0142u <span class=\"_ _5a\"> </span>utraty <span class=\"_ _5a\"> </span>warto\u015bci <span class=\"_ _59\"> </span>\u015bro<span class=\"_ _2\"></span>dk\u00f3w <span class=\"_ _59\"> </span>pie<span class=\"_ _2\"></span>ni\u0119\u017cnych <span class=\"_ _59\"> </span>i <span class=\"_ _5a\"> </span>ekwiwalent\u00f3w <span class=\"_ _5a\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidual<span class=\"_ _3\"></span>nie <span class=\"_ _5a\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _5a\"> </span>salda dotycz\u0105cego <span class=\"_ _59\"> </span>danej <span class=\"_ _59\"> </span>i<span class=\"_ _3\"></span>nstytucji <span class=\"_ _59\"> </span>finansow<span class=\"_ _3\"></span>ej. <span class=\"_ _59\"> </span>Do <span class=\"_ _59\"> </span>oceny <span class=\"_ _59\"> </span>ryzyka <span class=\"_ _57\"> </span>kredytowego <span class=\"_ _59\"> </span>u\u017cyto <span class=\"_ _57\"> </span>zewn\u0119trzne <span class=\"_ _59\"> </span>ratingi <span class=\"_ _59\"> </span>bank\u00f3w. <span class=\"_ _57\"> </span>Analiza wykaza\u0142a, <span class=\"_ _57\"> </span>i\u017c <span class=\"_ _59\"> </span>aktywa <span class=\"_ _57\"> </span>te <span class=\"_ _59\"> </span>maj\u0105 <span class=\"_ _57\"> </span>niskie <span class=\"_ _59\"> </span>ryz<span class=\"_ _3\"></span>yko <span class=\"_ _57\"> </span>kredytowe <span class=\"_ _59\"> </span>na <span class=\"_ _57\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>spraw<span class=\"_ _3\"></span>ozdawczy. <span class=\"_ _57\"> </span>Grupa <span class=\"_ _59\"> </span>skor<span class=\"_ _3\"></span>zysta\u0142a <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>uproszczenia dozwolonego <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>standard <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>odpis <span class=\"_ _0\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>utraty <span class=\"_ _53\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>po<span class=\"_ _2\"></span>dstawi<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>12-miesi\u0119cznych <span class=\"_ _53\"></span>strat <span class=\"_ _53\"></span>kredytowych<span class=\"_ _3\"></span>. Kalkulacja o<span class=\"_ _2\"></span>dpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 kwo<span class=\"_ _2\"></span>t\u0119 <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci. <span class=\"_ _2\"></span>Aktywa <span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>zaliczone <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>Stopnia <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>modelu utraty warto\u015bci.<span class=\"_ _192\"> </span>Nota 7.5.2.2 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z transakcjami w<span class=\"_ _3\"></span> instrumentach poch<span class=\"_ _3\"></span>odnych Wszystkie <span class=\"_ _54\"> </span>p<span class=\"_ _3\"></span>odmioty, <span class=\"_ _54\"> </span>z <span class=\"_ _5a\"> </span>kt\u00f3rymi <span class=\"_ _5a\"> </span>Grupa <span class=\"_ _54\"> </span>Kapita\u0142owa <span class=\"_ _5a\"> </span>zawiera <span class=\"_ _54\"> </span>transak<span class=\"_ _3\"></span>cje <span class=\"_ _54\"> </span>w <span class=\"_ _54\"> </span>instrum<span class=\"_ _3\"></span>entach <span class=\"_ _54\"> </span>poch<span class=\"_ _3\"></span>odnych <span class=\"_ _54\"> </span>(z wyj\u0105<span class=\"_ _3\"></span>tkiem wbudowanych ins<span class=\"_ _3\"></span>trument\u00f3w pochodn<span class=\"_ _3\"></span>ych), dzia\u0142aj\u0105 w sekt<span class=\"_ _3\"></span>orze finansowym. Ekspozycj\u0119 <span class=\"_ _2\"></span>kredytow\u0105 <span class=\"_ _2\"></span>Grupy <span class=\"_ _2\"></span>zwi\u0105zan\u0105 <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>instrumentami <span class=\"_ _2\"></span>pochodnymi <span class=\"_ _2\"></span>z podzia\u0142em <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>g\u0142\u00f3wnych <span class=\"_ _53\"></span>kontrahent<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _53\"></span>prezentu<span class=\"_ _3\"></span>je poni\u017csza tabela.<span class=\"_ _192\"> </span>3<span class=\"_ _192\"> </span>Stan na 31.1<span class=\"_ _3\"></span>2.2022 Stan na 31.1<span class=\"_ _3\"></span>2.2021 Nale\u017cno\u015bcifinansoweZobowi\u0105zaniafinansoweWarto\u015b\u0107 godziwaEkspozycja  na ryzyko kredytoweNale\u017cno\u015bcifinansoweZobowi\u0105zaniafinansoweWarto\u015b\u0107 godziwaEkspozycja  na ryzyko kredytoweKontrahent 1<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>260(250)10260227<span class=\"_ _192\"> </span>(195)<span class=\"_ _192\"> </span>32<span class=\"_ _192\"> </span>227<span class=\"_ _192\"> </span>Kontrahent 2<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>226(172)54226162<span class=\"_ _192\"> </span>(112)<span class=\"_ _192\"> </span>50<span class=\"_ _192\"> </span>162<span class=\"_ _192\"> </span>Kontrahent 3<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>154(33)121154113<span class=\"_ _192\"> </span>(437)<span class=\"_ _192\"> </span>(324)<span class=\"_ _192\"> </span>113<span class=\"_ _192\"> </span>Kontrahent 4<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span> <span class=\"_ _cd\"> </span>120(53)6712078<span class=\"_ _192\"> </span>(57)<span class=\"_ _192\"> </span>21<span class=\"_ _192\"> </span>78<span class=\"_ _192\"> </span>Pozostali <span class=\"_ _de\"> </span> <span class=\"_ _114\"> </span>787(636)151787279(1 360)(1 081)279Razem <span class=\"_ _14d\"> </span> <span class=\"_ _2a\"> </span><span class=\"fc0\">1 547</span>(1 144)4031 547859(2 161)(1 302)859Otwarte  instrument<span class=\"_ _3\"></span>y  pochodne*<span class=\"_ _3\"></span><span class=\"ff1 fc2\"> </span> <span class=\"_ _2a\"> </span><span class=\"ff2 fc0\">1 510</span>(1 110)400849(2 002)(1 153)Rozliczone  instrumenty <span class=\"_ _3\"></span> pochodne <span class=\"_ _3\"></span>netto<span class=\"ff1 fc2\"> </span> <span class=\"_ _92\"> </span><span class=\"ff2 fc0\">37</span>(34)310(159)(149)* Z wy\u0142\u0105cze<span class=\"_ _2\"></span>niem wbud<span class=\"_ _2\"></span>owanych instru<span class=\"_ _2\"></span>ment\u00f3w pocho<span class=\"_ _2\"></span>dnych<span class=\"_ _192\"> </span>Bior\u0105c  pod  uwag\u0119  nale\u017cno\u015bci  z  tytu\u0142u  otwartych  tran<span class=\"_ _3\"></span>sakcji  w  instrumentach  pochodnych  posiada<span class=\"_ _3\"></span>nych  przez  Grup\u0119 (z wy\u0142\u0105czeniem <span class=\"_ _1\"> </span>wbud<span class=\"_ _3\"></span>owanych <span class=\"_ _1\"> </span>instrument\u00f3w <span class=\"_ _0\"></span>pochodnych) <span class=\"_ _1\"> </span>na <span class=\"_ _1\"> </span>dzie\u0144 <span class=\"_ _1\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _0\"> </span>r. <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>netto<span class=\"_ _192\"> </span>4 <span class=\"_ _1\"> </span>z tytu\u0142u rozliczonych <span class=\"_ _2\"></span>instrumen<span class=\"_ _3\"></span>t\u00f3w <span class=\"_ _2\"></span>pochodnych, maksymalny <span class=\"_ _2\"></span>udzia\u0142 je<span class=\"_ _2\"></span>dn<span class=\"_ _3\"></span>ego <span class=\"_ _2\"></span>podmiotu <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>kwocie <span class=\"_ _2\"></span>nara\u017con<span class=\"_ _3\"></span>ej <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>ryzyko <span class=\"_ _2\"></span>kredytowe wynikaj\u0105ce z tych tran<span class=\"_ _3\"></span>sakcji wyni\u00f3s\u0142 1<span class=\"_ _3\"></span>7%, tj. 260 mln <span class=\"_ _3\"></span>PLN (wed\u0142ug stanu na dz<span class=\"_ _3\"></span>ie\u0144 31 grudnia 202<span class=\"_ _3\"></span>1 r. 26%, tj. 227 <span class=\"_ _3\"></span>mln PLN).<span class=\"_ _192\"> </span>W  celu <span class=\"_ _74\"> </span>ograniczenia  prz<span class=\"_ _3\"></span>ep\u0142yw\u00f3w <span class=\"_ _74\"> </span>pieni\u0119<span class=\"_ _2\"></span>\u017cnych <span class=\"_ _74\"> </span>i jednocze\u015bnie <span class=\"_ _74\"> </span>ograniczenia  ryzyka <span class=\"_ _74\"> </span>kredytowego <span class=\"_ _74\"> </span>Je<span class=\"_ _2\"></span>dnostka <span class=\"_ _74\"> </span>Do<span class=\"_ _2\"></span>minuj\u0105ca<span class=\"_ _3\"></span> dokonuje <span class=\"_ _2\"></span>rozlicze\u0144 <span class=\"_ _2\"></span>netto <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>zawartych <span class=\"_ _53\"></span>z <span class=\"_ _2\"></span>kontrahentami <span class=\"_ _2\"></span>standardowych <span class=\"_ _53\"></span>porozumie\u0144<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>ramowych <span class=\"_ _53\"></span>reguluj\u0105cych obr\u00f3t <span class=\"_ _1\"> </span>instrumentami <span class=\"_ _0\"></span>finansowymi, <span class=\"_ _0\"></span>tj. <span class=\"_ _1\"> </span>ISDA <span class=\"_ _1\"> </span>lub <span class=\"_ _1\"> </span>opartych <span class=\"_ _0\"></span>o <span class=\"_ _1\"> </span>wz\u00f3r <span class=\"_ _0\"> </span>ZBP). <span class=\"_ _1\"> </span>Ponadto <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _1\"> </span>kredytow<span class=\"_ _3\"></span>e <span class=\"_ _1\"> </span>z tego <span class=\"_ _1\"> </span>tytu\u0142u <span class=\"_ _0\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _0\"> </span>na bie\u017c\u0105co <span class=\"_ _57\"> </span>monitorowane <span class=\"_ _59\"> </span>poprzez<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>analiz\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>kredytowyc<span class=\"_ _3\"></span>h <span class=\"_ _59\"> </span>oraz <span class=\"_ _57\"> </span>ograniczane <span class=\"_ _59\"> </span>poprzez <span class=\"_ _57\"> </span>d\u0105\u017cenie <span class=\"_ _59\"> </span>d<span class=\"_ _3\"></span>o dywersyfikacji podmiotowej przy <span class=\"_ _3\"></span>wdra\u017caniu stra<span class=\"_ _3\"></span>tegii zabezpieczaj\u0105cych.<span class=\"_ _3\"></span> 3 Nie dot<span class=\"_ _2\"></span>yczy wbudow<span class=\"_ _2\"></span>anych instrumen<span class=\"_ _2\"></span>t\u00f3w pocho<span class=\"_ _2\"></span>dnych. 4 Jednostka <span class=\"_ _0\"> </span>Domi<span class=\"_ _2\"></span>nuj\u0105ca <span class=\"_ _0\"> </span>kompensu<span class=\"_ _2\"></span>je <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _0\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _0\"> </span>rozliczonych <span class=\"_ _0\"> </span>in<span class=\"_ _2\"></span>strument\u00f3w <span class=\"_ _0\"> </span>pocho<span class=\"_ _2\"></span>dnych, <span class=\"_ _0\"> </span>dla <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>ko\u0144cz\u0105cy okres <span class=\"_ _1\"> </span>sprawozd<span class=\"_ _2\"></span>awczy <span class=\"_ _1\"> </span>znany <span class=\"_ _1\"> </span>jest <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzysz\u0142y <span class=\"_ _1\"> </span>przep\u0142yw, <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>zas<span class=\"_ _2\"></span>adami <span class=\"_ _1\"> </span>nettowania<span class=\"_ _2\"></span> <span class=\"_ _0\"> </span>przep<span class=\"_ _2\"></span>\u0142yw\u00f3w <span class=\"_ _1\"> </span>z <span class=\"_ _0\"> </span>ro<span class=\"_ _2\"></span>zlicze\u0144 <span class=\"_ _0\"> </span>p<span class=\"_ _2\"></span>rzyj\u0119tymi <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>umowach <span class=\"_ _1\"> </span>ramowych  z poszcze<span class=\"_ _2\"></span>g\u00f3lnymi kontr<span class=\"_ _2\"></span>ahentami.<span class=\"_ _192\"> </span>Pomimo <span class=\"_ _5e\"> </span>koncentracji <span class=\"_ _5e\"> </span>ryzyka <span class=\"_ _5e\"> </span>kredytowego <span class=\"_ _67\"> </span>zwi\u0105<span class=\"_ _3\"></span>zanego <span class=\"_ _5e\"> </span>z <span class=\"_ _67\"> </span>transakcjami <span class=\"_ _55\"> </span>w <span class=\"_ _67\"> </span>instrumentach <span class=\"_ _5e\"> </span>pochodnych <span class=\"_ _5e\"> </span>Jednostka Dominuj\u0105ca <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>cenia, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _58\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>wsp\u00f3\u0142prac\u0119  w<span class=\"_ _3\"></span>y\u0142\u0105cznie <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>re<span class=\"_ _2\"></span>nomowanymi <span class=\"_ _1\"> </span>instytucjami <span class=\"_ _74\"> </span>finansowymi, <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>r\u00f3wnie\u017c bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g ich ratingu, nie jes<span class=\"_ _3\"></span>t znacz\u0105co nara\u017cona na <span class=\"_ _3\"></span>ryzyko kredyt<span class=\"_ _3\"></span>owe wynikaj\u0105ce z z<span class=\"_ _3\"></span>awartych z nimi transakcji. <span class=\"_ _3\"></span> W <span class=\"_ _57\"> </span>tabeli <span class=\"_ _59\"> </span>poni\u017cej <span class=\"_ _146\"> </span>zaprezentowano <span class=\"_ _57\"> </span>struktur\u0119 <span class=\"_ _57\"> </span>rating\u00f3w <span class=\"_ _59\"> </span>ins<span class=\"_ _3\"></span>tytucji <span class=\"_ _57\"> </span>finansowych, <span class=\"_ _57\"> </span>z <span class=\"_ _59\"> </span>kt\u00f3rymi <span class=\"_ _146\"> </span>Grupy <span class=\"_ _57\"> </span>po<span class=\"_ _2\"></span>siada\u0142a <span class=\"_ _146\"> </span>t<span class=\"_ _2\"></span>ransakcje<span class=\"_ _3\"></span> w instrumentach po<span class=\"_ _3\"></span>chodnych, sta<span class=\"_ _3\"></span>nowi\u0105ce ekspozycj\u0119 na r<span class=\"_ _3\"></span>yzyko kredytow<span class=\"_ _3\"></span>e. Poziom ratingu<span class=\"_ _3\"></span> Stan na<span class=\"_ _192\"> </span>31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021 \u015aredni<span class=\"_ _2\"></span>owysoki    od A+ do A<span class=\"_ _3\"></span>- wg S&amp;P i Fitch oraz od A1 <span class=\"_ _3\"></span>do A3 wg Moody\u2019s<span class=\"_ _3\"></span> <span class=\"_ _132\"> </span> <span class=\"_ _d4\"> </span>8<span class=\"_ _3\"></span>4%<span class=\"_ _192\"> </span>98%<span class=\"_ _192\"> </span>\u015aredni<span class=\"_ _2\"></span>  od BBB+ do BB<span class=\"_ _3\"></span>B- wg S&amp;P i Fitch oraz <span class=\"_ _3\"></span>od Baa1 do Baa3 <span class=\"_ _3\"></span>wg Moody\u2019s 16%<span class=\"_ _192\"> </span>2%<span class=\"_ _192\"> </span>Nota 7.5.2.3 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z nale\u017cno\u015bciami od <span class=\"_ _3\"></span>odbiorc\u00f3w<span class=\"fc0\"> </span>Znacz\u0105ce <span class=\"_ _53\"></span>salda <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>t<span class=\"_ _2\"></span>ytu\u0142u <span class=\"_ _53\"></span>dostaw <span class=\"_ _53\"></span>i <span class=\"_ _53\"></span>us\u0142ug <span class=\"_ _2\"></span>w <span class=\"_ _0\"></span>Grupie <span class=\"_ _2\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _53\"></span>2022 <span class=\"_ _53\"></span>r. <span class=\"_ _53\"></span>wyst\u0119powa\u0142y <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>sp\u00f3\u0142kach: KGHM <span class=\"_ _53\"></span>Polska <span class=\"_ _0\"></span>Mied\u017a <span class=\"_ _53\"></span>S.A. <span class=\"_ _53\"></span>517 <span class=\"_ _0\"></span>mln <span class=\"_ _53\"></span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _53\"></span>KGHM INTERNATI<span class=\"_ _3\"></span>ONAL <span class=\"_ _0\"></span>LTD. <span class=\"_ _53\"></span>364 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _53\"></span>CENTROZ\u0141OM <span class=\"_ _53\"></span>WROC\u0141AW <span class=\"_ _53\"></span>S.A. 67 mln  PLN,  WPEC  w Legnicy<span class=\"_ _2\"></span>  S.A.  49  mln <span class=\"_ _146\"> </span>PLN<span class=\"_ _2\"></span>,  NITROERG  S<span class=\"_ _2\"></span>.A.  39  mln  PLN, <span class=\"_ _146\"> </span>M<span class=\"_ _2\"></span>etraco  S.A. <span class=\"_ _146\"> </span>28  mln  PLN<span class=\"_ _2\"></span>,  \u201eMCZ\u201d  S.A.  24 <span class=\"_ _0\"></span>mln <span class=\"_ _0\"> </span>PLN<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span>WMN <span class=\"_ _0\"></span>\"\u0141ab\u0119dy\" <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"> </span>19 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN, <span class=\"_ _1\"> </span>Energ<span class=\"_ _3\"></span>etyka <span class=\"_ _0\"></span>Sp. <span class=\"_ _1\"> </span>z <span class=\"_ _0\"></span>o.o. <span class=\"_ _0\"> </span>11 <span class=\"_ _1\"> </span>mln <span class=\"_ _0\"></span>PLN <span class=\"_ _0\"></span>(na <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>r.: <span class=\"_ _0\"></span>KGHM <span class=\"_ _1\"> </span>Polska<span class=\"_ _3\"></span> Mied\u017a S.A. <span class=\"_ _0\"> </span>537 <span class=\"_ _1\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"> </span>KG<span class=\"_ _2\"></span>HM INTER<span class=\"_ _3\"></span>NATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _0\"></span>219 <span class=\"_ _0\"> </span>mln <span class=\"_ _1\"> </span>PLN, <span class=\"_ _1\"> </span>CENTROZ\u0141OM <span class=\"_ _0\"> </span>WROC\u0141AW <span class=\"_ _0\"> </span>S.<span class=\"_ _2\"></span>A. <span class=\"_ _0\"> </span>88 mln <span class=\"_ _1\"> </span>PLN, WPEC  w Legnicy  S.A.  39  mln  PLN,  NITROERG  S.A.  37  mln  PLN,  \u201eMCZ\u201d  S.A.  22  mln<span class=\"_ _3\"></span>  PLN,  Metraco  S.<span class=\"_ _2\"></span>A.  14  mln  PLN, WMN \"\u0141ab\u0119dy\" S.A<span class=\"_ _3\"></span>. 12 mln PLN). Ca\u0142kowita <span class=\"_ _0\"> </span>warto<span class=\"_ _2\"></span>\u015b\u0107 <span class=\"_ _0\"></span>netto <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>handlowych <span class=\"_ _0\"></span>Grupy <span class=\"_ _1\"> </span>Kapita\u0142owej <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _1\"> </span>2022 <span class=\"_ _1\"> </span>r. <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>uwzgl\u0119dnienia <span class=\"_ _0\"></span>warto\u015bci godziwej <span class=\"_ _53\"></span>przyj\u0119tych <span class=\"_ _0\"></span>zabezpiecze<span class=\"_ _3\"></span>\u0144, <span class=\"_ _53\"></span>do <span class=\"_ _0\"></span>wysoko\u015bci <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _53\"></span>Grupa <span class=\"_ _0\"></span>Kapita\u0142owa <span class=\"_ _53\"></span>mo\u017ce <span class=\"_ _0\"></span>by\u0107 <span class=\"_ _53\"></span>wystawiona <span class=\"_ _53\"></span>na <span class=\"_ _0\"></span>ryzyko <span class=\"_ _53\"></span>kredytowe, wynosi 1 178<span class=\"_ _3\"></span> mln PLN (wed\u0142ug stanu <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>021 r. 1 026 mln PLN).  Jednostka Dominuj\u0105ca ogranicza ekspozycj\u0119 na <span class=\"_ _2\"></span>ryzyko kredytowe zwi\u0105zane z <span class=\"_ _2\"></span>nale\u017cno\u015bciami od <span class=\"_ _2\"></span>odbiorc\u00f3w poprzez ocen\u0119 i monitoring <span class=\"_ _53\"></span>kondycji <span class=\"_ _53\"></span>finansowej <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>ustalanie <span class=\"_ _53\"></span>limit\u00f3w <span class=\"_ _53\"></span>kredytowych, <span class=\"_ _53\"></span>stosowanie <span class=\"_ _53\"></span>zabezpiecze\u0144 <span class=\"_ _53\"></span>wierzytelno\u015bci<span class=\"_ _3\"></span> oraz <span class=\"_ _1\"> </span>faktoringu <span class=\"_ _1\"> </span>bez <span class=\"_ _1\"> </span>regresu. <span class=\"_ _0\"> </span>Warunki <span class=\"_ _1\"> </span>zawartych <span class=\"_ _1\"> </span>um\u00f3w <span class=\"_ _1\"> </span>faktoringowych <span class=\"_ _0\"> </span>spe\u0142niaj\u0105 <span class=\"_ _1\"> </span>kryteria <span class=\"_ _1\"> </span>usuni\u0119cia <span class=\"_ _1\"> </span>nale\u017cno\u015bci <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>ksi\u0105g w momencie i<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>nabycia przez <span class=\"_ _2\"></span>faktora. N<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _2\"></span>nale\u017cno\u015bci oddanych <span class=\"_ _2\"></span>do <span class=\"_ _2\"></span>faktoringu, za <span class=\"_ _2\"></span>kt\u00f3<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> nie <span class=\"_ _53\"></span>otrzyman<span class=\"_ _3\"></span>o <span class=\"_ _53\"></span>p\u0142atno\u015bci <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>faktor\u00f3w <span class=\"_ _53\"></span>wynios\u0142a <span class=\"_ _2\"></span>4 <span class=\"_ _53\"></span>mln <span class=\"_ _2\"></span>PLN<span class=\"_ _2\"></span> <span class=\"_ _53\"></span> <span class=\"_ _2\"></span>(wed\u0142ug <span class=\"_ _53\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>31 <span class=\"_ _53\"></span>grudnia <span class=\"_ _2\"></span>2021 <span class=\"_ _53\"></span>r. <span class=\"_ _2\"></span>17 <span class=\"_ _53\"></span>mln <span class=\"_ _53\"></span>PLN). <span class=\"_ _53\"></span>Informacja<span class=\"_ _3\"></span> o warto\u015bci przych<span class=\"_ _3\"></span>od\u00f3w ze sprzeda\u017cy obj<span class=\"_ _3\"></span>\u0119tych faktoringiem w ok<span class=\"_ _3\"></span>resie obrotowym prez<span class=\"_ _3\"></span>entowana jest w <span class=\"_ _3\"></span>Nocie 2.4. Nieod\u0142\u0105cznym <span class=\"_ _146\"> </span>e<span class=\"_ _2\"></span>lementem <span class=\"_ _57\"> </span>procesu <span class=\"_ _146\"> </span>zarz\u0105dzania <span class=\"_ _57\"> </span>ryzykiem <span class=\"_ _57\"> </span>kredytowym <span class=\"_ _59\"> </span>real<span class=\"_ _3\"></span>izowanego <span class=\"_ _57\"> </span>w <span class=\"_ _57\"> </span>Jednostce <span class=\"_ _57\"> </span>Dominuj\u0105cej <span class=\"_ _57\"> </span>jest bie\u017c\u0105cy monitorin<span class=\"_ _3\"></span>g stanu nale\u017cno\u015bci oraz<span class=\"_ _3\"></span> wewn\u0119trzny system <span class=\"_ _3\"></span>raportowania.  Kredyt <span class=\"_ _0\"></span>kupiecki <span class=\"_ _0\"></span>otrzymuj\u0105 <span class=\"_ _0\"></span>sprawdzeni <span class=\"_ _0\"></span>kontrahenci. <span class=\"_ _53\"></span>W <span class=\"_ _1\"> </span>przypadku <span class=\"_ _53\"></span>no<span class=\"_ _2\"></span>wych <span class=\"_ _0\"></span>klient\u00f3w <span class=\"_ _0\"></span>d\u0105\u017cy <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>aby <span class=\"_ _0\"></span>sprzeda\u017c <span class=\"_ _0\"></span>dokonywana by\u0142a  na  podstawie  przedp<span class=\"_ _3\"></span>\u0142at  lub  instrument\u00f3w  finanso<span class=\"_ _3\"></span>wania  handlu  przen<span class=\"_ _3\"></span>osz\u0105cych  ryzyko  kr<span class=\"_ _3\"></span>edytowe  na  instytucje finansowe. Jednostka Dominu<span class=\"_ _3\"></span>j\u0105ca posiada nast\u0119puj\u0105ce f<span class=\"_ _3\"></span>ormy zabezpiecz<span class=\"_ _3\"></span>enia nale\u017cno\u015bci: <span class=\"_ _3\"></span> \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastawy <span class=\"_ _0\"></span>rejestrowe, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _53\"></span>bankowe, <span class=\"_ _0\"></span>weksle, <span class=\"_ _0\"></span>akty <span class=\"_ _0\"></span>notarialne <span class=\"_ _0\"></span>poddania<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>egzekucji, <span class=\"_ _0\"></span>gwarancje <span class=\"_ _0\"></span>korporac<span class=\"_ _3\"></span>yjne, </span></span>cesje nale\u017cno\u015bci, hip<span class=\"_ _3\"></span>oteki i inkasa <span class=\"_ _3\"></span>dokumentowe; \u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">zastrze\u017cenie przeniesienia pr<span class=\"_ _3\"></span>awa w\u0142asno\u015bci wyrob\u00f3w <span class=\"_ _3\"></span>na kontrahenta d<span class=\"_ _3\"></span>opiero po dokonaniu za<span class=\"_ _3\"></span>p\u0142aty;  </span></span>\u2022<span class=\"ff8\"> <span class=\"_ _24\"> </span><span class=\"ff2\">umow\u0119 <span class=\"_ _0\"></span>ubezpieczenia <span class=\"_ _0\"></span>nale\u017cno\u015bci, <span class=\"_ _53\"></span>kt\u00f3<span class=\"_ _2\"></span>r\u0105 <span class=\"_ _0\"></span>obj\u0119te <span class=\"_ _0\"></span>s\u0105 <span class=\"_ _0\"></span>nale\u017cno\u015bci <span class=\"_ _0\"></span>od <span class=\"_ _0\"></span>jednostek <span class=\"_ _0\"></span>z <span class=\"_ _0\"></span>kredytem <span class=\"_ _0\"></span>kupieckim, <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>kt\u00f3rych <span class=\"_ _0\"></span>nie </span></span>otrzymano twardych <span class=\"_ _3\"></span>zabezpiecze\u0144 lub <span class=\"_ _3\"></span>otrzymano zabezpiecz<span class=\"_ _3\"></span>enia niepokrywaj\u0105ce ca<span class=\"_ _3\"></span>\u0142o\u015bci salda na<span class=\"_ _3\"></span>le\u017cno\u015bci.  Uwzgl\u0119dniaj\u0105c <span class=\"_ _55\"> </span>posiadane <span class=\"_ _55\"> </span>wy\u017cej <span class=\"_ _55\"> </span>wymienione <span class=\"_ _55\"> </span>formy <span class=\"_ _55\"> </span>zabezpiecze\u0144 <span class=\"_ _55\"> </span>oraz <span class=\"_ _55\"> </span>limity <span class=\"_ _55\"> </span>kredytowe <span class=\"_ _55\"> </span>przyznane <span class=\"_ _55\"> </span>przez <span class=\"_ _55\"> </span>firm\u0119 ubezpieczeniow\u0105, wed\u0142ug <span class=\"_ _2\"></span>stanu <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Do<span class=\"_ _2\"></span>minuj\u0105ca posiada <span class=\"_ _2\"></span>zabezpieczenia dla <span class=\"_ _2\"></span>76% <span class=\"_ _2\"></span>nale\u017cno\u015bci handlowych (wed\u0142u<span class=\"_ _3\"></span>g stanu na 31 grudnia<span class=\"_ _3\"></span> 2021 r. 8<span class=\"_ _3\"></span>4%). KGHM <span class=\"_ _1\"> </span>INTERNATIONAL <span class=\"_ _1\"> </span>LTD. <span class=\"_ _1\"> </span>nie <span class=\"_ _1\"> </span>stos<span class=\"_ _2\"></span>uje <span class=\"_ _1\"> </span>zabezpiecze\u0144 <span class=\"_ _0\"> </span>nale<span class=\"_ _2\"></span>\u017cno<span class=\"_ _3\"></span>\u015bci, <span class=\"_ _1\"> </span>jednak <span class=\"_ _1\"> </span>ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _1\"> </span>zwi\u0105zane <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>nale\u017cno\u015bciami od odbiorc\u00f3w <span class=\"_ _57\"> </span>podlega <span class=\"_ _57\"> </span>monitoringowi <span class=\"_ _57\"> </span>a <span class=\"_ _59\"> </span>sprzeda\u017c <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>du\u017ce<span class=\"_ _3\"></span>j <span class=\"_ _59\"> </span>mierze <span class=\"_ _57\"> </span>realizowana <span class=\"_ _57\"> </span>jest <span class=\"_ _59\"> </span>do <span class=\"_ _57\"> </span>sprawdzonych, <span class=\"_ _57\"> </span>d\u0142ugoletnich kontrahent\u00f3w pro<span class=\"_ _3\"></span>wadz\u0105cych dzia\u0142alno\u015b\u0107 <span class=\"_ _3\"></span>mi\u0119dzynarodow\u0105. Ocena koncentracji r<span class=\"_ _3\"></span>yzyka kredytoweg<span class=\"_ _3\"></span>o w Grupie: Koncentracja bran\u017cowa Pomimo, <span class=\"_ _146\"> </span>\u017ce <span class=\"_ _57\"> </span>KGHM <span class=\"_ _146\"> </span>Po<span class=\"_ _2\"></span>lska  Mied\u017a <span class=\"_ _146\"> </span>S.<span class=\"_ _2\"></span>A.  o<span class=\"_ _2\"></span>raz  KGHM<span class=\"_ _192\"> </span>INTERNATION<span class=\"_ _192\"> </span>AL  L<span class=\"_ _2\"></span>TD.  funkcjonuj\u0105 <span class=\"_ _146\"> </span>w<span class=\"_ _192\"> </span>tej <span class=\"_ _57\"> </span>samej bran\u017cy, <span class=\"_ _5a\"> </span>sp\u00f3\u0142<span class=\"_ _2\"></span>ki <span class=\"_ _54\"> </span>r\u00f3\u017cni\u0105 <span class=\"_ _5a\"> </span>si\u0119 <span class=\"_ _54\"> </span>zar\u00f3wno <span class=\"_ _54\"> </span>portfelem <span class=\"_ _5a\"> </span>o<span class=\"_ _2\"></span>ferowanych <span class=\"_ _5a\"> </span>produkt\u00f3w, <span class=\"_ _5a\"> </span>jak <span class=\"_ _54\"> </span>i geograficzn\u0105 <span class=\"_ _54\"> </span>oraz<span class=\"_ _3\"></span> podmiotow\u0105 <span class=\"_ _69\"> </span>struktur\u0105 <span class=\"_ _69\"> </span>portfela <span class=\"_ _69\"> </span>klient\u00f3w, <span class=\"_ _69\"> </span>w zwi\u0105zku <span class=\"_ _69\"> </span>z <span class=\"_ _69\"> </span>czy<span class=\"_ _2\"></span>m <span class=\"_ _69\"> </span>bran\u017cowa <span class=\"_ _69\"> </span>konce<span class=\"_ _2\"></span>ntracja <span class=\"_ _69\"> </span>ryzyka kredytowego ocen<span class=\"_ _3\"></span>iana jest jako ak<span class=\"_ _3\"></span>ceptowalna.  Pozosta\u0142e <span class=\"_ _5a\"> </span>sp\u00f3\u0142ki <span class=\"_ _5a\"> </span>Grupy <span class=\"_ _54\"> </span>Kapita<span class=\"_ _3\"></span>\u0142owej <span class=\"_ _54\"> </span>dzia<span class=\"_ _3\"></span>\u0142aj\u0105 <span class=\"_ _5a\"> </span>w <span class=\"_ _54\"> </span>r\u00f3\u017cnych <span class=\"_ _5a\"> </span>sektorach <span class=\"_ _5a\"> </span>gospodarki, <span class=\"_ _5a\"> </span>m.in. <span class=\"_ _54\"> </span>trans<span class=\"_ _3\"></span>port, budownictwo, <span class=\"_ _2\"></span>handel, <span class=\"_ _2\"></span>produkcja<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>przemys\u0142owa, <span class=\"_ _2\"></span>energetyka. <span class=\"_ _2\"></span>W <span class=\"_ _2\"></span>zwi\u0105zku <span class=\"_ _2\"></span>z <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>przypadku <span class=\"_ _2\"></span>wi\u0119kszo\u015bci sp\u00f3\u0142ek <span class=\"_ _67\"> </span>Grupy <span class=\"_ _67\"> </span>Kapita\u0142owej, <span class=\"_ _67\"> </span>pod <span class=\"_ _67\"> </span>wzgl\u0119dem <span class=\"_ _67\"> </span>bran\u017cowym, <span class=\"_ _67\"> </span>nie <span class=\"_ _67\"> </span>dochodzi <span class=\"_ _67\"> </span>do koncentracji <span class=\"_ _67\"> </span>ryzyka<span class=\"_ _3\"></span> kredytowego. Koncentracja odbiorc\u00f3w Na 31 grudnia<span class=\"_ _192\"> </span>2022<span class=\"_ _192\"> </span>r. saldo nale\u017cno\u015bci od 7 najwi\u0119kszych odbior<span class=\"_ _3\"></span>c\u00f3w stanowi 58% salda nale\u017cno\u015bci od<span class=\"_ _3\"></span> odbiorc\u00f3w <span class=\"_ _1\"> </span>(2021 <span class=\"_ _1\"> </span>r.: <span class=\"_ _74\"> </span>49%). <span class=\"_ _1\"> </span>Po<span class=\"_ _2\"></span>mimo <span class=\"_ _74\"> </span>koncentracji <span class=\"_ _1\"> </span>ryzyka <span class=\"_ _1\"> </span>z <span class=\"_ _74\"> </span>tego<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>tyt<span class=\"_ _2\"></span>u\u0142u <span class=\"_ _1\"> </span>ocenia <span class=\"_ _74\"> </span>si\u0119, <span class=\"_ _1\"> </span>\u017ce <span class=\"_ _74\"> </span>ze <span class=\"_ _74\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na dost\u0119pne <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>historyczne <span class=\"_ _1\"> </span>oraz <span class=\"_ _1\"> </span>wieloletnie <span class=\"_ _74\"> </span>do\u015bwiadczeni<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>we <span class=\"_ _1\"> </span>wsp\u00f3\u0142pracy <span class=\"_ _1\"> </span>z klientami, <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>r\u00f3wnie\u017c stosowane zabezpi<span class=\"_ _3\"></span>eczenia wyst\u0119puje niski s<span class=\"_ _3\"></span>topie\u0144 ryzyka kred<span class=\"_ _3\"></span>ytowego.<span class=\"_ _192\"> </span>Koncentracja geograficzna<span class=\"_ _3\"></span> Sp\u00f3\u0142ki Grupy <span class=\"_ _2\"></span>Kapita\u0142owej od wie<span class=\"_ _2\"></span>lu lat <span class=\"_ _2\"></span>wsp\u00f3\u0142pracuj\u0105 z du\u017c\u0105 <span class=\"_ _2\"></span>liczb\u0105 klient\u00f3w, co <span class=\"_ _2\"></span>wp\u0142ywa na <span class=\"_ _2\"></span>geograficzn\u0105 dywersyfikacj\u0119 <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>o<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>od<span class=\"_ _3\"></span>biorc\u00f3w. <span class=\"_ _53\"></span>S<span class=\"_ _2\"></span>topie\u0144 <span class=\"_ _53\"></span>geograficznej <span class=\"_ _53\"></span>ko<span class=\"_ _2\"></span>ncentracji <span class=\"_ _53\"></span>ryzyka <span class=\"_ _0\"></span>kredytow<span class=\"_ _3\"></span>ego <span class=\"_ _0\"></span>dla nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w przedsta<span class=\"_ _3\"></span>wia poni\u017csza tabela.  Nale\u017cno\u015bci od odbi<span class=\"_ _3\"></span>orc\u00f3w (netto) Stan na 31.12.2022 Stan na 31.12.2021 Polska 40%<span class=\"_ _192\"> </span>59%<span class=\"_ _192\"> </span>Kanada  19%<span class=\"_ _192\"> </span>8%<span class=\"_ _192\"> </span>Unia Europejska (z <span class=\"_ _3\"></span>wy\u0142. Polski) 10%<span class=\"_ _192\"> </span>10%<span class=\"_ _192\"> </span>Azja 26%<span class=\"_ _192\"> </span>17%<span class=\"_ _192\"> </span>Inne kraje 5%<span class=\"_ _192\"> </span>6%<span class=\"_ _192\"> </span>Wa\u017cne oszacowani<span class=\"_ _3\"></span>a i za\u0142o\u017cenia<span class=\"_ _3\"></span> 31.12.2022<span class=\"_ _192\"> </span>31.12.2021<span class=\"_ _192\"> </span>Przedzia\u0142y czasowe<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci<span class=\"_ _192\"> </span>Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Procent odpisu* Warto\u015b\u0107 brutto nale\u017cno\u015bci Kwota odpisu <span class=\"_ _3\"></span>dla poszczeg\u00f3lnych przedzia\u0142\u00f3w czasowych**<span class=\"_ _3\"></span> Nieprzetermin<span class=\"_ _3\"></span>owane<span class=\"_ _192\"> </span>0,1-2,7<span class=\"_ _192\"> </span>401<span class=\"_ _192\"> </span>(2)<span class=\"_ _192\"> </span>0,2-5,1<span class=\"_ _192\"> </span>373<span class=\"_ _192\"> </span>(3)<span class=\"_ _192\"> </span>&lt;1,30)<span class=\"_ _192\"> </span>0,2-8,1<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>0,4-7,8<span class=\"_ _192\"> </span>23<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>&lt;30,60)<span class=\"_ _192\"> </span>5,5-41,4<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>(1)<span class=\"_ _192\"> </span>3,1-34,2<span class=\"_ _192\"> </span>2<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>&lt;60,90)<span class=\"_ _192\"> </span>34,1-72,3<span class=\"_ _192\"> </span>1<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>42,9-75,5<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>-<span class=\"_ _192\"> </span>Default<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>(35)<span class=\"_ _192\"> </span>100<span class=\"_ _192\"> </span>37<span class=\"_ _192\"> </span>(32)<span class=\"_ _192\"> </span>Razem<span class=\"_ _192\"> </span>466<span class=\"_ _192\"> </span>(39)<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>(36)<span class=\"_ _192\"> </span>*Prawdop<span class=\"_ _2\"></span>odobie\u0144stw<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>niew<span class=\"_ _2\"></span>ykonania <span class=\"_ _53\"></span>zobowi\u0105z<span class=\"_ _2\"></span>ania <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rezentuj\u0105 <span class=\"_ _53\"></span>zakresy <span class=\"_ _53\"></span>kalkulowane <span class=\"_ _53\"></span>ind<span class=\"_ _2\"></span>ywidulanie <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _53\"></span>Grupy <span class=\"_ _53\"></span>Kapita\u0142owej <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>oparciu o <span class=\"_ _1\"> </span>ich <span class=\"_ _1\"> </span>rzeczyw<span class=\"_ _2\"></span>iste <span class=\"_ _1\"> </span>dane <span class=\"_ _1\"> </span>histo<span class=\"_ _2\"></span>ryczne <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>zakresie<span class=\"_ _2\"></span> <span class=\"_ _1\"> </span>liczby <span class=\"_ _1\"> </span>dni <span class=\"_ _1\"> </span>op<span class=\"_ _2\"></span>\u00f3\u017anie\u0144 <span class=\"_ _1\"> </span>zgodnie <span class=\"_ _1\"> </span>z <span class=\"_ _1\"> </span>przyj<span class=\"_ _2\"></span>\u0119tym <span class=\"_ _1\"> </span>w <span class=\"_ _1\"> </span>Grup<span class=\"_ _2\"></span>ie <span class=\"_ _1\"> </span>modelem <span class=\"_ _1\"> </span>do <span class=\"_ _1\"> </span>kalkula<span class=\"_ _2\"></span>cji <span class=\"_ _1\"> </span>oczekiwan<span class=\"_ _2\"></span>ej <span class=\"_ _1\"> </span>straty kredytow<span class=\"_ _2\"></span>ej dla nale\u017c<span class=\"_ _2\"></span>no\u015bci handlow<span class=\"_ _2\"></span>ych. **Kwota odp<span class=\"_ _2\"></span>isu uw<span class=\"_ _2\"></span>zgl\u0119dnia odzysk wy<span class=\"_ _2\"></span>nikaj\u0105cy z zabez<span class=\"_ _2\"></span>piecze\u0144 nal<span class=\"_ _2\"></span>e\u017cno\u015bci<span class=\"ff2\">. </span>Poni\u017csza tabela prze<span class=\"_ _3\"></span>dstawia zmian\u0119 stanu <span class=\"_ _3\"></span>nale\u017cno\u015bci od <span class=\"_ _3\"></span>odbiorc\u00f3w wycenian<span class=\"_ _3\"></span>ych w zamortyzowan<span class=\"_ _3\"></span>ym koszcie. Zasady rachunkow<span class=\"_ _3\"></span>o\u015bci Grupa <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>osuje  m<span class=\"_ _3\"></span>odel  u<span class=\"_ _3\"></span>proszczony  d<span class=\"_ _3\"></span>o  kalkulacji <span class=\"_ _74\"> </span>odpis\u00f3w  z<span class=\"_ _3\"></span>  tytu\u0142u <span class=\"_ _74\"> </span>utraty  warto\u015bci <span class=\"_ _74\"> </span>dla  nale\u017cn<span class=\"_ _3\"></span>o\u015bci  od <span class=\"_ _74\"> </span>odbiorc\u00f3w <span class=\"_ _58\"> </span>(bez wzgl\u0119du <span class=\"_ _5a\"> </span>na <span class=\"_ _54\"> </span>termin <span class=\"_ _5a\"> </span>zapadalno\u015bci). <span class=\"_ _5a\"> </span>Oczekiwana <span class=\"_ _54\"> </span>strata <span class=\"_ _5a\"> </span>kredytowa <span class=\"_ _5a\"> </span>dla <span class=\"_ _54\"> </span>nale\u017cno\u015bci <span class=\"_ _5a\"> </span>od <span class=\"_ _54\"> </span>odbior<span class=\"_ _3\"></span>c\u00f3w <span class=\"_ _54\"> </span>jest <span class=\"_ _5a\"> </span>kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy o<span class=\"_ _2\"></span>kres sprawozdawczy po momencie uj\u0119cia <span class=\"_ _2\"></span>nale\u017cno\u015bci w sprawozdaniu z sytuacji <span class=\"_ _2\"></span>finans<span class=\"_ _3\"></span>owej oraz <span class=\"_ _74\"> </span>jest <span class=\"_ _74\"> </span>aktualizowana <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>ka\u017cdy <span class=\"_ _74\"> </span>kolejny <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>ko\u0144cz\u0105cy <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span>kres <span class=\"_ _1\"> </span>sprawozdawczy. <span class=\"_ _74\"> </span>Dla <span class=\"_ _74\"> </span>cel\u00f3w <span class=\"_ _74\"> </span>oszacowania <span class=\"_ _1\"> </span>oczekiwanej straty <span class=\"_ _5a\"> </span>kredyt<span class=\"_ _3\"></span>owej <span class=\"_ _5a\"> </span>dla <span class=\"_ _59\"> </span>nale\u017cno\u015bci <span class=\"_ _59\"> </span>o<span class=\"_ _2\"></span>d <span class=\"_ _59\"> </span>odbiorc\u00f3w <span class=\"_ _5a\"> </span>jednostki <span class=\"_ _59\"> </span>Grupy <span class=\"_ _5a\"> </span>wykorzystuj\u0105 <span class=\"_ _59\"> </span>macierze <span class=\"_ _59\"> </span>rezerw <span class=\"_ _59\"> </span>(<span class=\"_ _2\"></span><span class=\"ff3\">provision <span class=\"_ _59\"> </span>matrix</span>) zbudowane <span class=\"_ _53\"></span>w oparciu <span class=\"_ _2\"></span>o historyczne <span class=\"_ _53\"></span>poziomy <span class=\"_ _53\"></span>sp\u0142acalno\u015b<span class=\"_ _3\"></span>ci <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _53\"></span>od <span class=\"_ _53\"></span>kontrahent\u00f3w, <span class=\"_ _53\"></span>kt\u00f3re <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>poddawane <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresowe<span class=\"_ _3\"></span>j rekalibracji w celu <span class=\"_ _3\"></span>aktualizacji.  Odpis <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>oczekiwane <span class=\"_ _2\"></span>straty kredytowe <span class=\"_ _2\"></span>wycenia si\u0119 <span class=\"_ _53\"></span>w kwocie <span class=\"_ _2\"></span>r\u00f3wnej <span class=\"_ _2\"></span>oczekiwanym st<span class=\"_ _2\"></span>ratom kredytowym <span class=\"_ _2\"></span>w <span class=\"_ _2\"></span>ca\u0142ym o<span class=\"_ _2\"></span>kresie \u017cycia <span class=\"_ _2\"></span>nale<span class=\"_ _2\"></span>\u017cno\u015bci. <span class=\"_ _2\"></span>Grupa <span class=\"_ _53\"></span>przyj\u0119\u0142a <span class=\"_ _53\"></span>za\u0142o\u017cenie, <span class=\"_ _2\"></span>\u017ce <span class=\"_ _53\"></span>ryzyko <span class=\"_ _53\"></span>nale\u017cno\u015bci <span class=\"_ _2\"></span>charakteryzowane <span class=\"_ _53\"></span>jest <span class=\"_ _2\"></span>przez <span class=\"_ _53\"></span>liczb\u0119 <span class=\"_ _53\"></span>dni <span class=\"_ _53\"></span>op\u00f3\u017anienia <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>en parametr <span class=\"_ _5e\"> </span>determinuje <span class=\"_ _67\"> </span>szac<span class=\"_ _3\"></span>owane <span class=\"_ _67\"> </span>PD, <span class=\"_ _5e\"> </span>czyli <span class=\"_ _67\"> </span>prawd<span class=\"_ _3\"></span>opodobie\u0144stw<span class=\"_ _3\"></span>o <span class=\"_ _67\"> </span>op\u00f3\u017anienia <span class=\"_ _5e\"> </span>p\u0142atno\u015bci <span class=\"_ _67\"> </span>na<span class=\"_ _3\"></span>le\u017cno\u015bci <span class=\"_ _67\"> </span>handl<span class=\"_ _3\"></span>owych o co najmniej <span class=\"_ _1\"> </span>90 <span class=\"_ _74\"> </span>dni. <span class=\"_ _74\"> </span>Na <span class=\"_ _74\"> </span>potrzeby <span class=\"_ _74\"> </span>estymacji <span class=\"_ _1\"> </span>PD <span class=\"_ _74\"> </span>wyodr\u0119bniono <span class=\"_ _1\"> </span>5 <span class=\"_ _74\"> </span>grup <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>oparciu <span class=\"_ _1\"> </span>o<span class=\"_ _2\"></span> <span class=\"_ _74\"> </span>kryterium <span class=\"_ _1\"> </span>dni <span class=\"_ _74\"> </span>op\u00f3\u017anienia w terminie p\u0142atno\u015b<span class=\"_ _3\"></span>ci, zgodnie z przedzia\u0142ami <span class=\"_ _3\"></span>przedstawionymi p<span class=\"_ _3\"></span>oni\u017cej jako \u201eWa\u017cn<span class=\"_ _3\"></span>e oszacowania i <span class=\"_ _3\"></span>za\u0142o\u017cenia\u201d.  Za <span class=\"_ _0\"></span>zdarzenie <span class=\"_ _0\"></span>niewyp\u0142acalno\u015bci <span class=\"_ _0\"></span>(<span class=\"ff3\">default</span>) <span class=\"_ _0\"></span>uznaje <span class=\"_ _0\"></span>si\u0119 <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wywi\u0105zania <span class=\"_ _53\"></span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>ze <span class=\"_ _0\"></span>zobowi\u0105zania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>kontrahenta <span class=\"_ _0\"></span>po <span class=\"_ _0\"></span>up\u0142ywie 90 dni od <span class=\"_ _2\"></span>dnia wymagalno\u015bci nale\u017cno\u015bci. W <span class=\"_ _2\"></span>celu obliczenia <span class=\"_ _2\"></span>odpisu z tyt<span class=\"_ _2\"></span>u\u0142u oczekiwanej straty kredytowej  <span class=\"_ _2\"></span>uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczen<span class=\"_ _3\"></span>ia przypisuj\u0105c poszcze<span class=\"_ _3\"></span>g\u00f3lnym typom zab<span class=\"_ _3\"></span>ezpiecze\u0144 oczekiwan\u0105 st<span class=\"_ _3\"></span>op\u0119 odzysku. Ponadto, <span class=\"_ _59\"> </span>w <span class=\"_ _5a\"> </span>kalkulac<span class=\"_ _3\"></span>ji <span class=\"_ _5a\"> </span>ECL <span class=\"_ _59\"> </span>uwzgl\u0119dnia <span class=\"_ _59\"> </span>si\u0119 <span class=\"_ _59\"> </span>informacje <span class=\"_ _5a\"> </span>dotycz\u0105<span class=\"_ _3\"></span>ce <span class=\"_ _5a\"> </span>przysz\u0142o\u015bci <span class=\"_ _59\"> </span>w <span class=\"_ _59\"> </span>stosowanych <span class=\"_ _59\"> </span>parametrach <span class=\"_ _59\"> </span>modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik<span class=\"_ _3\"></span>\u00f3w <span class=\"_ _146\"> </span>prawdopodobie\u0144<span class=\"_ _3\"></span>stwa  niewyp\u0142acalno\u015bci. Oznacza <span class=\"_ _1\"> </span>to, <span class=\"_ _74\"> </span>\u017ce <span class=\"_ _1\"> </span>je\u017celi <span class=\"_ _1\"> </span>w <span class=\"_ _74\"> </span>wyniku <span class=\"_ _1\"> </span>analizy <span class=\"_ _1\"> </span>danych <span class=\"_ _74\"> </span>makroekonomic<span class=\"_ _3\"></span>znych <span class=\"_ _1\"> </span>t<span class=\"_ _2\"></span>akich <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>np.: <span class=\"_ _74\"> </span> <span class=\"_ _1\"> </span>bie\u017c\u0105ca <span class=\"_ _74\"> </span>dynamika <span class=\"_ _1\"> </span>PKB, <span class=\"_ _1\"> </span>warto\u015b\u0107 inflacji, <span class=\"_ _0\"></span>wska\u017anik <span class=\"_ _0\"></span>bezrob<span class=\"_ _3\"></span>ocia <span class=\"_ _0\"> </span>czy <span class=\"_ _0\"></span>warto\u015b\u0107 <span class=\"_ _0\"></span>WIG, <span class=\"_ _0\"></span>Grupa <span class=\"_ _0\"></span>uzna, <span class=\"_ _0\"></span>\u017ce <span class=\"_ _0\"></span>nast\u0105pi\u0142o <span class=\"_ _0\"></span>ich <span class=\"_ _0\"></span>pogorsz<span class=\"_ _3\"></span>enie <span class=\"_ _0\"></span>w <span class=\"_ _0\"></span>stosunku <span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>poprzedniego okresu, <span class=\"_ _74\"> </span>w  kalkula<span class=\"_ _3\"></span>cji <span class=\"_ _74\"> </span>ECL  uwz<span class=\"_ _3\"></span>gl\u0119dnia <span class=\"_ _74\"> </span>si\u0119  cz<span class=\"_ _3\"></span>ynnik <span class=\"_ _74\"> </span><span class=\"ff3\">looking <span class=\"_ _74\"> </span>forward</span>, <span class=\"_ _74\"> </span>koryguj\u0105cy  ryz<span class=\"_ _3\"></span>yko <span class=\"_ _58\"> </span>zwi\u0105zan<span class=\"_ _3\"></span>e <span class=\"_ _74\"> </span>ze  spadki<span class=\"_ _3\"></span>em <span class=\"_ _74\"> </span>o<span class=\"_ _2\"></span>dzysk\u00f3w<span class=\"_ _3\"></span> z nale\u017cno\u015bci. <span class=\"_ _146\"> </span>Mimo <span class=\"_ _57\"> </span>rosn\u0105cej <span class=\"_ _57\"> </span>inflacji <span class=\"_ _57\"> </span>przy <span class=\"_ _57\"> </span>korzystnym <span class=\"_ _146\"> </span>kszta\u0142towaniu <span class=\"_ _146\"> </span>si\u0119<span class=\"_ _2\"></span> <span class=\"_ _57\"> </span>m.in. <span class=\"_ _57\"> </span>wska\u017anik\u00f3w  PKB, <span class=\"_ _57\"> </span>bezrobocia <span class=\"_ _57\"> </span>a <span class=\"_ _57\"> </span>t<span class=\"_ _2\"></span>ak\u017ce<span class=\"_ _3\"></span> prognoz <span class=\"_ _2\"></span> <span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ych <span class=\"_ _2\"></span>wska\u017anik\u00f3w <span class=\"_ _2\"></span>Jednostka <span class=\"_ _2\"></span>Dominuj\u0105ca <span class=\"_ _2\"></span>nie <span class=\"_ _2\"></span>stwierdzi\u0142a <span class=\"_ _2\"></span>pogorszenia <span class=\"_ _2\"></span>czynnik\u00f3w <span class=\"_ _2\"></span>makroekonomicznyc<span class=\"_ _3\"></span>h <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>dzie\u0144 ko\u0144cz\u0105cy okres spraw<span class=\"_ _3\"></span>ozdawczy tj. <span class=\"_ _3\"></span>na 31 grudnia 2<span class=\"_ _3\"></span>022 r<span class=\"_ _192\"> </span>2022 2021 Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 1 stycznia<span class=\"ff2\"> </span>435<span class=\"_ _192\"> </span>444<span class=\"_ _192\"> </span>Zmiana stanu na<span class=\"_ _3\"></span>le\u017cno\u015bci  31<span class=\"_ _192\"> </span>5<span class=\"_ _192\"> </span>Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie -<span class=\"_ _192\"> </span>(14)<span class=\"_ _192\"> </span>Nota 10.2<span class=\"_ _192\"> </span>Warto\u015b\u0107 brutt<span class=\"_ _3\"></span>o na 31 grudnia<span class=\"fc0\"> </span>466<span class=\"_ _192\"> </span>435<span class=\"_ _192\"> </span>Poni\u017csza <span class=\"_ _146\"> </span>tabe<span class=\"_ _2\"></span>la <span class=\"_ _146\"> </span>przedstawia <span class=\"_ _57\"> </span>zmian\u0119 <span class=\"_ _57\"> </span>oszacowania <span class=\"_ _57\"> </span>oczekiwanej <span class=\"_ _146\"> </span>st<span class=\"_ _2\"></span>raty <span class=\"_ _57\"> </span>kredytowej <span class=\"_ _146\"> </span>z <span class=\"_ _57\"> </span>ty<span class=\"_ _2\"></span>tu\u0142u <span class=\"_ _146\"> </span>nale\u017cno<span class=\"_ _2\"></span>\u015bci <span class=\"_ _146\"> </span>od <span class=\"_ _57\"> </span>o<span class=\"_ _2\"></span>dbiorc\u00f3w<span class=\"_ _3\"></span> wycenianych w zam<span class=\"_ _3\"></span>ortyzowanym <span class=\"_ _3\"></span>koszcie.  <span class=\"_ _14e\"> </span><span class=\"fc2\">2022 </span>2021 Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 1 stycznia<span class=\"_ _3\"></span><span class=\"ff2 fc0\"> <span class=\"_ _5c\"> </span> </span>36<span class=\"_ _192\"> </span>53<span class=\"_ _192\"> </span>Zmiana odpisu w okr<span class=\"_ _3\"></span>esie uj\u0119ta w ra<span class=\"_ _3\"></span>chunku wynik\u00f3w 3 (3)<span class=\"_ _192\"> </span>Wykorzystanie od<span class=\"_ _3\"></span>pisu w okresie -<span class=\"_ _192\"> </span>(14)<span class=\"_ _192\"> </span>Nota 10.2<span class=\"_ _192\"> </span>Odpis <span class=\"_ _3\"></span>z tytu\u0142u oczekiwanej straty kredyt<span class=\"_ _3\"></span>owej na 31 grudni<span class=\"_ _3\"></span>a <span class=\"fc0\"> <span class=\"_ _56\"> </span> </span>39<span class=\"_ _192\"> </span>36<span class=\"_ _192\"> </span>Na dzie\u0144 <span class=\"_ _2\"></span>31 g<span class=\"_ _2\"></span>rudnia 2022 <span class=\"_ _2\"></span>r. <span class=\"_ _2\"></span>kwota wie<span class=\"_ _2\"></span>rzytelno\u015bci spornych wynosi 36 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _2\"></span>(na dzie\u0144 <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia <span class=\"_ _2\"></span>2021 r.<span class=\"_ _2\"></span> 35 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN). Grupa <span class=\"_ _5a\"> </span>Kapita\u0142owa <span class=\"_ _54\"> </span>prowadzi <span class=\"_ _5a\"> </span>dzia\u0142ania <span class=\"_ _5a\"> </span>zmierzaj\u0105ce <span class=\"_ _5a\"> </span>do <span class=\"_ _54\"> </span>odzys<span class=\"_ _3\"></span>kania <span class=\"_ _5a\"> </span>tyc<span class=\"_ _2\"></span>h <span class=\"_ _5a\"> </span>wierzytelno\u015bci <span class=\"_ _5a\"> </span>lub <span class=\"_ _54\"> </span>wyja\u015bnienia <span class=\"_ _5a\"> </span>zasadno\u015bci dochodzenia roszcze<span class=\"_ _3\"></span>\u0144. Nota <span class=\"_ _74\"> </span>7.5.2.4  R<span class=\"_ _3\"></span>yzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane  z <span class=\"_ _1\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>wsp\u00f3lnemu  pr<span class=\"_ _3\"></span>zedsi\u0119wzi\u0119ciu <span class=\"_ _1\"> </span>Sierra  Gord<span class=\"_ _3\"></span>a S.C.M. (POCI) Ryzyko <span class=\"_ _74\"> </span>kredytowe <span class=\"_ _74\"> </span>zwi\u0105zane <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>udzielonymi <span class=\"_ _74\"> </span>po\u017cyczkami <span class=\"_ _74\"> </span>uzale\u017cnione <span class=\"_ _1\"> </span>je<span class=\"_ _2\"></span>st <span class=\"_ _74\"> </span>od <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>zwi\u0105zanego <span class=\"_ _74\"> </span>z realizacj\u0105 <span class=\"_ _74\"> </span>wsp\u00f3lnego przedsi\u0119wzi\u0119cia <span class=\"_ _74\"> </span>g\u00f3rniczego <span class=\"_ _74\"> </span>w  Chile <span class=\"_ _74\"> </span>(Sierra  G<span class=\"_ _3\"></span>orda  S.C.<span class=\"_ _3\"></span>M.).  Po\u017cy<span class=\"_ _3\"></span>czki  te <span class=\"_ _74\"> </span>ze  wzgl<span class=\"_ _3\"></span>\u0119du  na <span class=\"_ _74\"> </span>rozpoznan\u0105 <span class=\"_ _74\"> </span>utrat\u0119  warto\u015bci <span class=\"_ _74\"> </span>na moment  p<span class=\"_ _3\"></span>ocz\u0105tkowego  uj\u0119cia <span class=\"_ _74\"> </span>ze  wzgl\u0119du  na <span class=\"_ _74\"> </span>ryzyko  kredyt<span class=\"_ _3\"></span>owe,  zakwalifik<span class=\"_ _3\"></span>owane  zosta\u0142<span class=\"_ _3\"></span>y  jako  POC<span class=\"_ _3\"></span>I  i  na <span class=\"_ _74\"> </span>kolejne  dni<span class=\"_ _3\"></span> ko\u0144cz\u0105ce <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>kresy <span class=\"_ _2\"></span>sprawozdawcze <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>wyceniane <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>zamortyzowa<span class=\"_ _3\"></span>nym <span class=\"_ _53\"></span>koszcie <span class=\"_ _2\"></span>przy <span class=\"_ _53\"></span>zastosowaniu metody<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>efektywnej <span class=\"_ _2\"></span>stopy procentowej z <span class=\"_ _3\"></span>wykorzystaniem  efektyw<span class=\"_ _3\"></span>nej stopy dyskontow<span class=\"_ _3\"></span>ej skorygowanej o ryzyk<span class=\"_ _3\"></span>o kredytowe. <span class=\"_ _3\"></span> Podstaw\u0119 <span class=\"_ _2\"></span>naliczenia <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>dsetek <span class=\"_ _2\"></span>od <span class=\"_ _53\"></span>po\u017cyczek <span class=\"_ _2\"></span>POCI <span class=\"_ _53\"></span>stanowi <span class=\"_ _53\"></span>ich <span class=\"_ _2\"></span>warto\u015b\u0107 <span class=\"_ _53\"></span>brutto <span class=\"_ _2\"></span>pomniejszona <span class=\"_ _2\"></span>o <span class=\"_ _53\"></span>kwot\u0119 <span class=\"_ _53\"></span>odpisu <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _53\"></span>utraty<span class=\"_ _3\"></span> warto\u015bci na momen<span class=\"_ _3\"></span>t pocz\u0105tkowego uj\u0119<span class=\"_ _3\"></span>cia. Udzielona <span class=\"_ _74\"> </span>po\u017cyczka <span class=\"_ _74\"> </span>nie <span class=\"_ _74\"> </span>posiada <span class=\"_ _74\"> </span>zabezpiecze\u0144 <span class=\"_ _74\"> </span>ograniczaj\u0105cych <span class=\"_ _1\"> </span>ekspozycj\u0119 <span class=\"_ _74\"> </span>na <span class=\"_ _74\"> </span>ryzyko  k<span class=\"_ _3\"></span>redytowe, <span class=\"_ _74\"> </span>dlatego <span class=\"_ _74\"> </span>maksymalna warto\u015b\u0107 <span class=\"_ _74\"> </span>nara\u017con\u0105 <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>potencjaln\u0105 <span class=\"_ _1\"> </span>st<span class=\"_ _2\"></span>rat\u0119 <span class=\"_ _74\"> </span>z <span class=\"_ _74\"> </span>tytu\u0142u <span class=\"_ _74\"> </span>ryzyka <span class=\"_ _74\"> </span>kredytoweg<span class=\"_ _3\"></span>o <span class=\"_ _74\"> </span>st<span class=\"_ _2\"></span>anowi <span class=\"_ _1\"> </span>warto\u015b\u0107 <span class=\"_ _74\"> </span>brutto <span class=\"_ _1\"> </span>po<span class=\"_ _2\"></span>\u017cyczki, <span class=\"_ _1\"> </span>pomniejszona o oczekiwane strat<span class=\"_ _3\"></span>y kredytowe uj\u0119te z<span class=\"_ _3\"></span>godnie z MSSF9. Zmiany warto\u015bci udz<span class=\"_ _3\"></span>ielonych po\u017cyczek POC<span class=\"_ _3\"></span>I w okresie sprawozd<span class=\"_ _3\"></span>awczym i por\u00f3wnawcz<span class=\"_ _3\"></span>ym przedstawia<span class=\"_ _3\"></span> Nota 6.2. Zar\u00f3wno <span class=\"_ _74\"> </span>w <span class=\"_ _74\"> </span>okresie <span class=\"_ _74\"> </span>sprawozdawczym <span class=\"_ _1\"> </span>jak <span class=\"_ _74\"> </span>i <span class=\"_ _74\"> </span>por\u00f3<span class=\"_ _2\"></span>wnawczym <span class=\"_ _1\"> </span>nie <span class=\"_ _74\"> </span>rozpoznano <span class=\"_ _74\"> </span>oczekiwanej <span class=\"_ _74\"> </span>utraty <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _74\"> </span>dla <span class=\"_ _74\"> </span>po<span class=\"_ _2\"></span>\u017cyczek POCI. Analiza <span class=\"_ _5d\"> </span>wra\u017cliwo\u015bci<span class=\"_ _3\"></span> <span class=\"_ _5d\"> </span>warto\u015bci <span class=\"_ _69\"> </span>godziwej <span class=\"_ _5d\"> </span>po\u017cyczek <span class=\"_ _5d\"> </span>ze <span class=\"_ _5d\"> </span>wzgl\u0119du <span class=\"_ _69\"> </span>na <span class=\"_ _5d\"> </span>zmiany <span class=\"_ _5d\"> </span>prognozow<span class=\"_ _3\"></span>anych <span class=\"_ _5d\"> </span>przep\u0142yw\u00f3w Sierra Gorda S.C.M.<span class=\"_ _3\"></span> Na <span class=\"_ _0\"> </span>dzie\u0144 <span class=\"_ _0\"> </span>31 <span class=\"_ _1\"> </span>grudnia <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>r. <span class=\"_ _0\"></span>Grupa <span class=\"_ _1\"> </span>Kapita\u0142owa <span class=\"_ _0\"></span>zaklasyfik<span class=\"_ _3\"></span>owa\u0142a <span class=\"_ _0\"></span>wycen\u0119 <span class=\"_ _0\"> </span>do <span class=\"_ _1\"> </span>warto\u015bci <span class=\"_ _0\"></span>godziwej <span class=\"_ _0\"></span>udzielonych <span class=\"_ _0\"></span>po\u017cyczek <span class=\"_ _0\"></span>do<span class=\"_ _3\"></span> poziomu <span class=\"_ _0\"></span>3 <span class=\"_ _0\"> </span>hie<span class=\"_ _2\"></span>rarchii <span class=\"_ _0\"></span>warto\u015bci <span class=\"_ _0\"></span>godziwej, <span class=\"_ _0\"></span>ze <span class=\"_ _0\"> </span>wzgl\u0119du <span class=\"_ _1\"> </span>na <span class=\"_ _0\"></span>wykorzystanie <span class=\"_ _0\"></span>w <span class=\"_ _1\"> </span>wycenie <span class=\"_ _0\"></span>istotnego <span class=\"_ _0\"></span>parametru <span class=\"_ _0\"></span>niemierzalnego,<span class=\"_ _3\"></span> jakim <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _53\"></span>prognozowane <span class=\"_ _53\"></span>przep\u0142ywy <span class=\"_ _53\"></span>Sierra <span class=\"_ _53\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _53\"></span>Przep\u0142ywy <span class=\"_ _53\"></span>te <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>najwi\u0119kszym <span class=\"_ _53\"></span>stopniu <span class=\"_ _2\"></span>wra\u017cliwe <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>zmian\u0119 <span class=\"_ _53\"></span>c<span class=\"_ _2\"></span>en miedzi, <span class=\"_ _0\"> </span>kt\u00f3<span class=\"_ _2\"></span>ra <span class=\"_ _0\"> </span>i<span class=\"_ _2\"></span>mplikuje <span class=\"_ _0\"></span>pozosta\u0142e <span class=\"_ _1\"> </span>za\u0142o\u017cenia <span class=\"_ _0\"></span>takie <span class=\"_ _1\"> </span>jak <span class=\"_ _1\"> </span>prognozowana<span class=\"_ _3\"></span> <span class=\"_ _1\"> </span>produkcja <span class=\"_ _1\"> </span>i <span class=\"_ _0\"> </span>mar\u017ca <span class=\"_ _1\"> </span>operacyjna. <span class=\"_ _1\"> </span>Dlatego <span class=\"_ _1\"> </span>te\u017c <span class=\"_ _0\"></span>Grupa przeprowadzi\u0142a an<span class=\"_ _3\"></span>aliz\u0119 wra\u017cliwo\u015bci warto\u015bci <span class=\"_ _3\"></span>godziwej po\u017cyczek n<span class=\"_ _3\"></span>a zmian\u0119 ceny mi<span class=\"_ _3\"></span>edzi. Ze <span class=\"_ _1\"> </span>wzgl\u0119du <span class=\"_ _74\"> </span>na <span class=\"_ _1\"> </span>znaczn\u0105 <span class=\"_ _1\"> </span>wra\u017cliwo\u015b\u0107 <span class=\"_ _74\"> </span>prognozowanych <span class=\"_ _1\"> </span>przep\u0142yw\u00f3w <span class=\"_ _1\"> </span>Sierra <span class=\"_ _1\"> </span>Gorda <span class=\"_ _74\"> </span>S.C.M. <span class=\"_ _1\"> </span>na <span class=\"_ _74\"> </span>zmiany <span class=\"_ _1\"> </span>cen <span class=\"_ _74\"> </span>miedzi, <span class=\"_ _1\"> </span>zgodnie z MSSF 13 p.93<span class=\"_ _3\"></span>.f Grupa przeprowadzi\u0142a a<span class=\"_ _3\"></span>naliz\u0119 wra\u017cliwo\u015bci wart<span class=\"_ _3\"></span>o\u015bci godziwej (pozi<span class=\"_ _3\"></span>om 3) po\u017cyczek <span class=\"_ _3\"></span>na zmian\u0119 cen miedzi. Ceny miedzi [USD/t]<span class=\"_ _192\"> </span>Scenariusze 31.12<span class=\"_ _3\"></span>.2022 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>3<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>2027<span class=\"_ _192\"> </span>LT<span class=\"_ _192\"> </span>Bazowy <span class=\"_ _e\"> </span>8 200<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>8 500<span class=\"_ _192\"> </span>7 700<span class=\"_ _192\"> </span>Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt<span class=\"_ _192\"> </span>w ca\u0142ym okresie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 7 980<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>8 280<span class=\"_ _192\"> </span>7 480<span class=\"_ _192\"> </span>Bazowy plus 0,1<span class=\"_ _3\"></span> USD/funt w ca\u0142ym okresi<span class=\"_ _3\"></span>e \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 420<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>8 720<span class=\"_ _192\"> </span>7 920<span class=\"_ _192\"> </span>Ceny miedzi [USD/t]<span class=\"_ _192\"> </span>Scenariusze 31.12<span class=\"_ _3\"></span>.2021 <span class=\"_ _c\"> </span>202<span class=\"_ _3\"></span>2<span class=\"_ _192\"> </span>2023<span class=\"_ _192\"> </span>2024<span class=\"_ _192\"> </span>2025<span class=\"_ _192\"> </span>2026<span class=\"_ _192\"> </span>LT<span class=\"_ _192\"> </span>Bazowy <span class=\"_ _e\"> </span>8 500<span class=\"_ _192\"> </span>8 000<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 500<span class=\"_ _192\"> </span>7 000<span class=\"_ _192\"> </span>Bazowy minus 0,<span class=\"_ _3\"></span>1 USD/funt w ca\u0142ym okr<span class=\"_ _3\"></span>esie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 280<span class=\"_ _192\"> </span>7 780<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>7 280<span class=\"_ _192\"> </span>6 780<span class=\"_ _192\"> </span>Bazowy plus 0,1<span class=\"_ _3\"></span> USD/funt w ca\u0142y<span class=\"_ _3\"></span>m okresie \u017cycia kopalni (220 U<span class=\"_ _3\"></span>SD/ton\u0119) 8 720<span class=\"_ _192\"> </span>8 220<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 720<span class=\"_ _192\"> </span>7 220<span class=\"_ _192\"> </span>Warto\u015b\u0107godziwaAnaliza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci godziwej <span class=\"_ _3\"></span> na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu  7 787<span class=\"_ _192\"> </span>8 064<span class=\"_ _192\"> </span>7 465<span class=\"_ _192\"> </span>Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu (mln USD)<span class=\"_ _192\"> </span>1 769<span class=\"_ _192\"> </span>1 832<span class=\"_ _192\"> </span>1 696<span class=\"_ _192\"> </span>Warto\u015b\u0107bilansowaAnaliza w<span class=\"_ _3\"></span>ra\u017cliwo\u015bci wa<span class=\"_ _3\"></span>rto\u015bci bilans<span class=\"_ _3\"></span>owej  na zmian\u0119 cen<span class=\"_ _3\"></span>y Cu Klasy instru<span class=\"_ _3\"></span>ment\u00f3w finans<span class=\"_ _3\"></span>owych Bazowy plus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Bazowy minus<span class=\"_ _2\"></span> 0,1 USD/funt<span class=\"_ _2\"></span> w ca\u0142ym okre<span class=\"_ _2\"></span>sie \u017cycia kopalni Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu 9 603<span class=\"_ _192\"> </span>9 7669 380Po\u017cyczki udzielone w<span class=\"_ _3\"></span>yceniane wed\u0142ug zamortyzowan<span class=\"_ _3\"></span>ego kosztu (mln USD)<span class=\"_ _192\"> </span>2 182<span class=\"_ _192\"> </span>2 219<span class=\"_ _192\"> </span>2 131<span class=\"_ _192\"> </span>Maksymalna <span class=\"_ _59\"> </span>po<span class=\"_ _3\"></span>tencjalna <span class=\"_ _59\"> </span>warto\u015b\u0107 <span class=\"_ _57\"> </span>bilansowa <span class=\"_ _59\"> </span>na <span class=\"_ _59\"> </span>dzie\u0144 <span class=\"_ _59\"> </span>31 <span class=\"_ _57\"> </span>grudnia <span class=\"_ _59\"> </span>2022 <span class=\"_ _57\"> </span>r. <span class=\"_ _59\"> </span>przy <span class=\"_ _59\"> </span>za\u0142o\u017ceniu <span class=\"_ _59\"> </span>wype\u0142nienia <span class=\"_ _57\"> </span>zobowi\u0105za\u0144 umownych wyn<span class=\"_ _3\"></span>osi 2 576 mln USD (11 <span class=\"_ _3\"></span>339 mln PLN). W <span class=\"_ _53\"></span>dniu <span class=\"_ _2\"></span>22 <span class=\"_ _53\"></span>lutego <span class=\"_ _53\"></span>2022 <span class=\"_ _2\"></span>r. <span class=\"_ _53\"></span>mia\u0142o <span class=\"_ _2\"></span>miejsce <span class=\"_ _53\"></span>zako\u0144czenie <span class=\"_ _2\"></span>transakcji <span class=\"_ _53\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>udzia\u0142\u00f3w <span class=\"_ _53\"></span>sp\u00f3\u0142ki <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>ierra <span class=\"_ _2\"></span>Gorda <span class=\"_ _53\"></span>S.C.M. <span class=\"_ _2\"></span>przez Sumitomo Metal Mining Co., Ltd. oraz Sumitomo Corporation do South32 Limited, australijskiej grupy g\u00f3rniczej z siedzib\u0105 w Perth. Transakcja <span class=\"_ _3\"></span>zosta\u0142a przeprowadzona na<span class=\"_ _3\"></span> podstawie um<span class=\"_ _3\"></span>\u00f3w sprzeda\u017cy za<span class=\"_ _3\"></span>wartych w dniu 1<span class=\"_ _3\"></span>4 pa\u017adziernika 20<span class=\"_ _3\"></span>21 r.  Maj\u0105c <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>uwadze <span class=\"_ _0\"></span>powy\u017csz\u0105 <span class=\"_ _0\"></span>transakcj\u0119 <span class=\"_ _0\"></span>oraz <span class=\"_ _0\"></span>brak <span class=\"_ _0\"></span>wiedzy <span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>te<span class=\"_ _2\"></span>mat <span class=\"_ _0\"></span>szczeg\u00f3\u0142\u00f3w <span class=\"_ _0\"></span>procesu <span class=\"_ _0\"></span>negocjacji <span class=\"_ _0\"></span>warunk\u00f3w <span class=\"_ _0\"></span>transakcji oraz <span class=\"_ _2\"></span>za\u0142o<span class=\"_ _2\"></span>\u017ce\u0144 <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>dok<span class=\"_ _3\"></span>onanych <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>strony <span class=\"_ _53\"></span>uczestnicz\u0105c<span class=\"_ _3\"></span>e <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>transakcji, <span class=\"_ _2\"></span>jak <span class=\"_ _53\"></span>i <span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>akt, <span class=\"_ _2\"></span>i\u017c <span class=\"_ _53\"></span>udzia\u0142y <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>.C.M. <span class=\"_ _2\"></span>nie <span class=\"_ _53\"></span>s\u0105<span class=\"_ _3\"></span> przedmiotem publiczn<span class=\"_ _3\"></span>ych notowa\u0144, nie jest zasadne dokonanie wyceny bilan<span class=\"_ _3\"></span>sowej warto\u015bci po\u017cyczki poprzez <span class=\"_ _3\"></span>odniesienie wprost <span class=\"_ _2\"></span>do <span class=\"_ _53\"></span>ceny <span class=\"_ _2\"></span>transakcyjnej <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>transakcji <span class=\"_ _2\"></span>sprzeda\u017cy <span class=\"_ _2\"></span>45% <span class=\"_ _2\"></span>zaanga\u017cowania w <span class=\"_ _2\"></span>Sierra <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>orda S.C.M. (<span class=\"_ _2\"></span>tj. <span class=\"_ _2\"></span>udzia\u0142u <span class=\"_ _53\"></span>kapita\u0142oweg<span class=\"_ _3\"></span>o oraz nale\u017cno\u015bci po\u017c<span class=\"_ _3\"></span>yczkowej).  Niemniej  jednak <span class=\"_ _74\"> </span>Grupa  dokona\u0142a  por<span class=\"_ _3\"></span>\u00f3wnania  warto\u015bci  bilans<span class=\"_ _3\"></span>owej  zaanga\u017c<span class=\"_ _3\"></span>owania  we  wsp<span class=\"_ _3\"></span>\u00f3lne  przedsi\u0119wzi\u0119<span class=\"_ _3\"></span>cie  Sierra Gorda  S.C.M. <span class=\"_ _146\"> </span>(tj. <span class=\"_ _146\"> </span>nale\u017cno\u015b\u0107 <span class=\"_ _146\"> </span>z <span class=\"_ _146\"> </span>ty<span class=\"_ _2\"></span>t.  po<span class=\"_ _2\"></span>\u017cyczki  oraz  inwestycja  w  instrumenty <span class=\"_ _146\"> </span>kapita\u0142owe)  do<span class=\"_ _2\"></span>  ceny <span class=\"_ _146\"> </span>transakcyjnej  w <span class=\"_ _146\"> </span>ce<span class=\"_ _2\"></span>lu weryfikacji, <span class=\"_ _59\"> </span>czy <span class=\"_ _57\"> </span>\u0142<span class=\"_ _2\"></span>\u0105czna <span class=\"_ _57\"> </span>warto\u015b\u0107 <span class=\"_ _59\"> </span>bilansowa <span class=\"_ _59\"> </span>zaanga\u017c<span class=\"_ _3\"></span>owania <span class=\"_ _59\"> </span>nie <span class=\"_ _57\"> </span>odbiega <span class=\"_ _59\"> </span>istotnie <span class=\"_ _59\"> </span>od <span class=\"_ _59\"> </span>warto\u015bci<span class=\"_ _3\"></span> <span class=\"_ _59\"> </span>jaka <span class=\"_ _59\"> </span>wynika\u0142aby <span class=\"_ _59\"> </span>z <span class=\"_ _57\"> </span>ceny transakcyjnej, <span class=\"_ _0\"></span>uwzgl\u0119dniaj\u0105c: <span class=\"_ _0\"></span>(i) ograniczenia <span class=\"_ _0\"></span>co do mo\u017cliwo\u015bci <span class=\"_ _0\"></span>uzyskania <span class=\"_ _0\"></span>przez <span class=\"_ _0\"></span>Grup\u0119 <span class=\"_ _1\"> </span>pe\u0142nej <span class=\"_ _0\"></span>wiedzy <span class=\"_ _1\"> </span>w <span class=\"_ _0\"></span>zakresie <span class=\"_ _1\"> </span>procesu doj\u015bcia <span class=\"_ _0\"></span>do <span class=\"_ _1\"> </span>ceny <span class=\"_ _0\"></span>transakcyjnej <span class=\"_ _0\"> </span>oraz <span class=\"_ _0\"> </span>(ii)<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>r\u00f3\u017cnice <span class=\"_ _1\"> </span>w zastosowanych<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sto<span class=\"_ _2\"></span>pach <span class=\"_ _0\"></span>dyskonta <span class=\"_ _0\"></span>przysz\u0142ych <span class=\"_ _0\"> </span>oczekiwanych <span class=\"_ _0\"> </span>przep\u0142yw\u00f3w pieni\u0119\u017cnych <span class=\"_ _2\"></span>mo\u017cliwych <span class=\"_ _53\"></span>do <span class=\"_ _2\"></span>uzyskania <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>JV <span class=\"_ _53\"></span>(tj. efektywna <span class=\"_ _3\"></span>stopa <span class=\"_ _53\"></span>procent<span class=\"_ _3\"></span>owa <span class=\"_ _53\"></span>dla <span class=\"_ _2\"></span>wyceny <span class=\"_ _53\"></span>po\u017cyczki <span class=\"_ _2\"></span>wg <span class=\"_ _53\"></span>MSSF9 <span class=\"_ _2\"></span>vs <span class=\"_ _53\"></span>stopa <span class=\"_ _53\"></span>zwr<span class=\"_ _3\"></span>otu oczekiwana prz<span class=\"_ _3\"></span>ez inwestora w wycenie c<span class=\"_ _3\"></span>eny transakcyjn<span class=\"_ _3\"></span>ej).  W <span class=\"_ _54\"> </span>o<span class=\"_ _2\"></span>cenie <span class=\"_ _54\"> </span>Zarz\u0105du <span class=\"_ _55\"> </span>warto\u015b\u0107 <span class=\"_ _55\"> </span>po\u017cyczek <span class=\"_ _54\"> </span>oszacowana <span class=\"_ _54\"> </span>przez <span class=\"_ _55\"> </span>Grup\u0119 <span class=\"_ _55\"> </span>nie <span class=\"_ _55\"> </span>odbiega <span class=\"_ _54\"> </span>istot<span class=\"_ _2\"></span>nie <span class=\"_ _54\"> </span>od <span class=\"_ _55\"> </span>kwoty, <span class=\"_ _55\"> </span>kt\u00f3ra <span class=\"_ _54\"> </span>zost<span class=\"_ _2\"></span>a\u0142aby<span class=\"_ _3\"></span> ustalona poprzez <span class=\"_ _3\"></span>odniesienie do <span class=\"_ _3\"></span>ceny transakcyjnej.  Nota 7.5.2.5 Ryzy<span class=\"_ _3\"></span>ko kredytowe zwi<span class=\"_ _3\"></span>\u0105zane z pozosta\u0142ymi aktyw<span class=\"_ _3\"></span>ami finansowymi<span class=\"_ _3\"></span> Na <span class=\"_ _74\"> </span>dzie\u0144 <span class=\"_ _74\"> </span>31 <span class=\"_ _74\"> </span>grudnia <span class=\"_ _74\"> </span>2022 <span class=\"_ _74\"> </span>r. <span class=\"_ _74\"> </span>n<span class=\"_ _2\"></span>ajistotniejsz\u0105 <span class=\"_ _1\"> </span>pozycj\u0119 <span class=\"_ _74\"> </span>w  poz<span class=\"_ _3\"></span>osta\u0142ych <span class=\"_ _74\"> </span>aktywach <span class=\"_ _1\"> </span>finansowych <span class=\"_ _74\"> </span>stanowi\u0142y <span class=\"_ _74\"> </span>\u015brodki <span class=\"_ _74\"> </span>pieni\u0119\u017cne zgromadzone <span class=\"_ _2\"></span>na <span class=\"_ _2\"></span>rachunkach <span class=\"_ _2\"></span>bankowych F<span class=\"_ _2\"></span>unduszu L<span class=\"_ _2\"></span>ikwidacji <span class=\"_ _2\"></span>Zak\u0142adu G\u00f3rniczego <span class=\"_ _2\"></span>w <span class=\"_ _53\"></span>kwocie <span class=\"_ _2\"></span>407 <span class=\"_ _2\"></span>mln <span class=\"_ _2\"></span>PLN <span class=\"_ _53\"></span>(na <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>grudnia 2021 r. <span class=\"_ _3\"></span>429 mln PLN). Wszystkie <span class=\"_ _57\"> </span>rachunki <span class=\"_ _59\"> </span>celowe <span class=\"_ _57\"> </span>Grupy, <span class=\"_ _59\"> </span>s\u0142u\u017c\u0105ce <span class=\"_ _57\"> </span>gromadzeniu <span class=\"_ _57\"> </span>\u015brodk\u00f3w <span class=\"_ _59\"> </span>pieni\u0119\u017cnych <span class=\"_ _57\"> </span>w <span class=\"_ _59\"> </span>celu <span class=\"_ _57\"> </span>pokrycia <span class=\"_ _59\"> </span>przysz\u0142<span class=\"_ _3\"></span>ych <span class=\"_ _59\"> </span>koszt\u00f3w<span class=\"_ _3\"></span> likwidacji <span class=\"_ _53\"></span>kopal\u0144 <span class=\"_ _2\"></span>i <span class=\"_ _53\"></span>innych <span class=\"_ _2\"></span>obiekt\u00f3w <span class=\"_ _53\"></span>technologicz<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>raz <span class=\"_ _2\"></span>rekultywacji <span class=\"_ _53\"></span>sk\u0142adowisk <span class=\"_ _2\"></span>odpad\u00f3w, <span class=\"_ _2\"></span>s\u0105 <span class=\"_ _53\"></span>prowadzone <span class=\"_ _53\"></span>przez <span class=\"_ _2\"></span>banki posiadaj\u0105ce ratin<span class=\"_ _3\"></span>g na poziomie najwy\u017csz<span class=\"_ _3\"></span>ym lub \u015bredniowys<span class=\"_ _3\"></span>okim, potwierdzaj\u0105cy b<span class=\"_ _3\"></span>ezpiecze\u0144stwo <span class=\"_ _3\"></span>ulokowanych \u015brodk\u00f3w.<span class=\"_ _3\"></span> W <span class=\"_ _0\"></span>tabelach <span class=\"_ _53\"></span>poni\u017cej <span class=\"_ _0\"></span>zaprezento<span class=\"_ _3\"></span>wano <span class=\"_ _0\"></span>poziom <span class=\"_ _53\"></span>koncentracji <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>ramach <span class=\"_ _0\"></span>funduszy <span class=\"_ _53\"></span>celowych <span class=\"_ _0\"></span>s\u0142u\u017c\u0105cych gromadzeniu <span class=\"_ _53\"></span>przez <span class=\"_ _53\"></span>Grup\u0119 <span class=\"_ _0\"></span>\u015brodk\u00f3w <span class=\"_ _53\"></span>pieni\u0119\u017cnych <span class=\"_ _0\"></span>w <span class=\"_ _53\"></span>celu <span class=\"_ _0\"></span>pokrycia<span class=\"_ _3\"></span> <span class=\"_ _53\"></span>przysz\u0142ych <span class=\"_ _0\"></span>koszt\u00f3w <span class=\"_ _53\"></span>likwidacji <span class=\"_ _0\"></span>kopal\u0144 <span class=\"_ _53\"></span>i <span class=\"_ _0\"></span>innych <span class=\"_ _53\"></span>obiekt\u00f3w technologicznych,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>wed\u0142ug <span class=\"_ _53\"></span>oceny <span class=\"_ _53\"></span>kredytowej <span class=\"_ _0\"></span>instytucji <span class=\"_ _53\"></span>finansowych, <span class=\"_ _53\"></span>w <span class=\"_ _53\"></span>kt\u00f3rych <span class=\"_ _0\"></span>\u015brodki <span class=\"_ _53\"></span>s\u0105 <span class=\"_ _0\"></span>przechowywane <span class=\"_ _53\"></span>na <span class=\"_ _53\"></span>rachunkach celowych.<span class=\"_ _192\"> </span>Poziom ratingu<span class=\"_ _3\"></span> Stan na 31.12.2022 Stan na<span class=\"_ _192\"> </span>31.12.2021 Najwy\u017cszy <span class=\"_ _6f\"> </span>AAA do AA- wg S&amp;P i Fitch oraz<span class=\"_ _3\"></span> od Aaa do Aa<span class=\"_ _3\"></span>3 wg Moody\u2019s 12% 10% \u015aredniowysoki od A+ do A- wg S<span class=\"_ _3\"></span>&amp;P i Fitch oraz od <span class=\"_ _3\"></span>A1 do A3 wg Moody\u2019s <span class=\"_ _3\"></span> 88% 90% Stan na  31.12.2022 Stan na 31.12.2021<span class=\"ff2\"> </span>Kontrahent 1 358 331 Kontrahent 2 49 53 Kontrahent 3 - 45 Razem 407 429<span class=\"_ _192\"> </span>Odpisy <span class=\"_ _2\"></span>z <span class=\"_ _53\"></span>tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _53\"></span>\u015brodk\u00f3w pieni\u0119\u017cnych <span class=\"_ _53\"></span>zgromadzo<span class=\"_ _3\"></span>nych <span class=\"_ _2\"></span>na <span class=\"_ _53\"></span>rachunkach <span class=\"_ _2\"></span>bankowych w <span class=\"_ _53\"></span>funduszach <span class=\"_ _2\"></span>celowych Funduszu <span class=\"_ _54\"> </span>Lik<span class=\"_ _3\"></span>widacji <span class=\"_ _54\"> </span>Zak<span class=\"_ _3\"></span>\u0142adu <span class=\"_ _54\"> </span>G\u00f3rniczeg<span class=\"_ _3\"></span>o <span class=\"_ _54\"> </span>ustalono <span class=\"_ _5a\"> </span>indywidualnie <span class=\"_ _54\"> </span>dla <span class=\"_ _5a\"> </span>ka\u017cdego <span class=\"_ _54\"> </span>salda <span class=\"_ _5a\"> </span>dotycz\u0105cego <span class=\"_ _54\"> </span>dan<span class=\"_ _3\"></span>ej <span class=\"_ _54\"> </span>instytucj<span class=\"_ _3\"></span>i finansowej. <span class=\"_ _53\"></span>Do <span class=\"_ _0\"></span>oceny <span class=\"_ _0\"></span>ryzyka<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>kredytowe<span class=\"_ _3\"></span>go <span class=\"_ _0\"></span>u\u017cyto <span class=\"_ _53\"></span>zewn\u0119trzne <span class=\"_ _0\"></span>ratingi <span class=\"_ _53\"></span>bank\u00f3w. <span class=\"_ _53\"></span>Analiza <span class=\"_ _0\"></span>wykaza\u0142a, <span class=\"_ _53\"></span>i\u017c <span class=\"_ _0\"></span>aktywa <span class=\"_ _53\"></span>te <span class=\"_ _0\"></span>maj\u0105 <span class=\"_ _53\"></span>niskie ryzyko  kredytowe  na  dzie\u0144  sprawozdawczy<span class=\"_ _3\"></span>.  Grupa  skorzysta\u0142a  z  uproszczenia  dozwolon<span class=\"_ _3\"></span>ego  przez  standard  i  odpis z tytu\u0142u <span class=\"_ _2\"></span>utraty <span class=\"_ _2\"></span>warto\u015bci <span class=\"_ _2\"></span>ustalono na <span class=\"_ _2\"></span>podstawie <span class=\"_ _2\"></span>12-miesi\u0119cznych st<span class=\"_ _2\"></span>rat <span class=\"_ _2\"></span>kredytowych. Kalkulacja <span class=\"_ _2\"></span>odpisu <span class=\"_ _2\"></span>wykaza\u0142a <span class=\"_ _2\"></span>nieistotn\u0105 kwot\u0119 odpisu z ty<span class=\"_ _3\"></span>tu\u0142u utraty warto\u015bci. A<span class=\"_ _3\"></span>ktywa te zaliczone s\u0105 <span class=\"_ _3\"></span>do Stopnia 1 mod<span class=\"_ _3\"></span>elu utraty warto\u015bci. <span class=\"_ _3\"></span> Ponadto <span class=\"_ _59\"> </span>Jednostka <span class=\"_ _5a\"> </span>Dominuj\u0105c<span class=\"_ _3\"></span>a <span class=\"_ _59\"> </span>do<span class=\"_ _2\"></span>kona\u0142a <span class=\"_ _59\"> </span>zmiany <span class=\"_ _59\"> </span>f<span class=\"_ _2\"></span>ormy <span class=\"_ _59\"> </span>Funduszu <span class=\"_ _59\"> </span>Rekultywacji <span class=\"_ _5a\"> </span>Sk\u0142ado<span class=\"_ _3\"></span>wisk <span class=\"_ _59\"> </span>Odpad\u00f3w <span class=\"_ _5a\"> </span>z <span class=\"_ _59\"> </span>rachunku bankowego na gwar<span class=\"_ _3\"></span>ancj\u0119 bankow\u0105 <span class=\"_ _3\"></span>z dniem 15 lipca 2<span class=\"_ _3\"></span>022 r.<span class=\"_ _192\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "Zasady rachunkowo\u015bci Grupa  ujmuje  odpis  z  tytu\u0142u  oczekiwanych  strat  kredytowych  na  sk\u0142adnikach  aktyw\u00f3w  finansowych  wycenianych w zamortyzowanym  koszcie.  Oczekiwane  straty  kredytowe  s\u0105  to  straty  kredytowe  wa\u017cone  prawdopodobie\u0144stwem wyst\u0105pienia  niewykonania  zobowi\u0105zania.  Grupa  stosuje  nast\u0119puj\u0105ce  modele  wyznaczania  odpis\u00f3w  z tytu\u0142u  utraty warto\u015bci: - model uproszczony \u2013 dla nale\u017cno\u015bci od odbiorc\u00f3w, - model og\u00f3lny (podstawowy) \u2013 dla pozosta\u0142ych aktyw\u00f3w finansowych. W modelu og\u00f3lnym Grupa monitoruje zmiany poziomu ryzyka kredytowego zwi\u0105zanego z danym sk\u0142adnikiem aktyw\u00f3w finansowych oraz klasyfikuje aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu  o  obserwacj\u0119  zmiany  poziomu  ryzyka  kredytowego  w  stosunku  do  pocz\u0105tkowego  uj\u0119cia  instrumentu. W szczeg\u00f3lno\u015bci,  monitorowaniu  podlega:  rating  kredytowy  oraz  sytuacja  finansowa  kontrahenta  i  okres przeterminowania p\u0142atno\u015bci. W zale\u017cno\u015bci od zaklasyfikowania do poszczeg\u00f3lnych stopni, odpis z tytu\u0142u utraty warto\u015bci jest  szacowany  w horyzoncie  12-miesi\u0119cy  (stopie\u0144  1)  lub  w  horyzoncie  \u017cycia  instrumentu  (stopie\u0144  2  oraz  stopie\u0144  3). Bezwzgl\u0119dn\u0105  przes\u0142ank\u0105  na  okre\u015blenie  wyst\u0105pienia  stanu  niewyp\u0142acalno\u015bci  (default)  jest  przeterminowanie  p\u0142atno\u015bci o ponad 90 dni.  W modelu uproszczonym Grupa nie monitoruje zmian poziomu ryzyka  kredytowego w  trakcie \u017cycia instrumentu oraz szacuje oczekiwan\u0105 strat\u0119 kredytow\u0105 w horyzoncie do terminu zapadalno\u015bci instrumentu w oparciu o historyczne dane dotycz\u0105ce sp\u0142acalno\u015bci nale\u017cno\u015bci od odbiorc\u00f3w. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . Poni\u017csza tabela przedstawia warto\u015b\u0107 bilansow\u0105 nale\u017cno\u015bci od odbiorc\u00f3w oraz kwot\u0119 oczekiwanej straty kredytowej: Stan na 31.12.2022 Stan na 31.12.2021 Nale\u017cno\u015bci wyceniane w zamortyzowanym koszcie - warto\u015b\u0107 brutto  466 435 Odpis na oczekiwan\u0105 strat\u0119 kredytow\u0105  ( 39) ( 36) Nale\u017cno\u015bci wyceniane w zamortyzowanym koszcie - warto\u015b\u0107 netto  427 399 Nale\u017cno\u015bci wyceniane w warto\u015bci godziwej  751 627 Nota 10.4 Razem, z tego: 1 178 1 026   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy        (grupa zbycia) - 15  wykazane jako \u201enale\u017cno\u015bci od odbiorc\u00f3w\" i \u201einne instrumenty        finansowe wyceniane w zamortyzowanym koszcie\" 1 178 1 011 Zasady rachunkowo\u015bci Grupa  stosuje  model  uproszczony  do  kalkulacji  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  (bez wzgl\u0119du  na  termin  zapadalno\u015bci).  Oczekiwana  strata  kredytowa  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jest  kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy po momencie uj\u0119cia nale\u017cno\u015bci w sprawozdaniu z sytuacji finansowej oraz  jest  aktualizowana  na  ka\u017cdy  kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy.  Dla  cel\u00f3w  oszacowania  oczekiwanej straty  kredytowej  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jednostki  Grupy  wykorzystuj\u0105  macierze  rezerw  (provision  matrix) zbudowane w oparciu o historyczne poziomy sp\u0142acalno\u015bci nale\u017cno\u015bci od kontrahent\u00f3w, kt\u00f3re s\u0105 poddawane okresowej rekalibracji w celu aktualizacji.  Odpis na oczekiwane straty kredytowe wycenia si\u0119 w kwocie r\u00f3wnej oczekiwanym stratom kredytowym w ca\u0142ym okresie \u017cycia nale\u017cno\u015bci. Grupa przyj\u0119\u0142a za\u0142o\u017cenie, \u017ce ryzyko nale\u017cno\u015bci charakteryzowane jest przez liczb\u0119 dni op\u00f3\u017anienia i ten parametr  determinuje  szacowane  PD,  czyli  prawdopodobie\u0144stwo  op\u00f3\u017anienia  p\u0142atno\u015bci  nale\u017cno\u015bci  handlowych o co najmniej  90  dni.  Na  potrzeby  estymacji  PD  wyodr\u0119bniono  5  grup  ryzyka  w  oparciu  o  kryterium  dni  op\u00f3\u017anienia w terminie p\u0142atno\u015bci, zgodnie z przedzia\u0142ami przedstawionymi poni\u017cej jako \u201eWa\u017cne oszacowania i za\u0142o\u017cenia\u201d.  Za zdarzenie niewyp\u0142acalno\u015bci (default) uznaje si\u0119 brak wywi\u0105zania si\u0119 ze zobowi\u0105zania przez kontrahenta po up\u0142ywie 90 dni od dnia wymagalno\u015bci nale\u017cno\u015bci. W celu obliczenia odpisu z tytu\u0142u oczekiwanej straty kredytowej  uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczenia przypisuj\u0105c poszczeg\u00f3lnym typom zabezpiecze\u0144 oczekiwan\u0105 stop\u0119 odzysku. Ponadto,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  informacje  dotycz\u0105ce  przysz\u0142o\u015bci  w  stosowanych  parametrach  modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik\u00f3w  prawdopodobie\u0144stwa  niewyp\u0142acalno\u015bci. Oznacza  to,  \u017ce  je\u017celi  w  wyniku  analizy  danych  makroekonomicznych  takich  jak  np.:    bie\u017c\u0105ca  dynamika  PKB,  warto\u015b\u0107 inflacji, wska\u017anik bezrobocia  czy warto\u015b\u0107 WIG, Grupa uzna, \u017ce nast\u0105pi\u0142o ich pogorszenie w stosunku do poprzedniego okresu,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  czynnik  looking  forward,  koryguj\u0105cy  ryzyko  zwi\u0105zane  ze  spadkiem  odzysk\u00f3w z nale\u017cno\u015bci.  Mimo  rosn\u0105cej  inflacji  przy  korzystnym  kszta\u0142towaniu  si\u0119  m.in.  wska\u017anik\u00f3w  PKB,  bezrobocia  a  tak\u017ce prognoz  tych wska\u017anik\u00f3w Jednostka Dominuj\u0105ca nie stwierdzi\u0142a pogorszenia czynnik\u00f3w makroekonomicznych na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy tj. na 31 grudnia 2022 r . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "Zasady rachunkowo\u015bci Grupa  ujmuje  odpis  z  tytu\u0142u  oczekiwanych  strat  kredytowych  na  sk\u0142adnikach  aktyw\u00f3w  finansowych  wycenianych w zamortyzowanym  koszcie.  Oczekiwane  straty  kredytowe  s\u0105  to  straty  kredytowe  wa\u017cone  prawdopodobie\u0144stwem wyst\u0105pienia  niewykonania  zobowi\u0105zania.  Grupa  stosuje  nast\u0119puj\u0105ce  modele  wyznaczania  odpis\u00f3w  z tytu\u0142u  utraty warto\u015bci: - model uproszczony \u2013 dla nale\u017cno\u015bci od odbiorc\u00f3w, - model og\u00f3lny (podstawowy) \u2013 dla pozosta\u0142ych aktyw\u00f3w finansowych. W modelu og\u00f3lnym Grupa monitoruje zmiany poziomu ryzyka kredytowego zwi\u0105zanego z danym sk\u0142adnikiem aktyw\u00f3w finansowych oraz klasyfikuje aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu  o  obserwacj\u0119  zmiany  poziomu  ryzyka  kredytowego  w  stosunku  do  pocz\u0105tkowego  uj\u0119cia  instrumentu. W szczeg\u00f3lno\u015bci,  monitorowaniu  podlega:  rating  kredytowy  oraz  sytuacja  finansowa  kontrahenta  i  okres przeterminowania p\u0142atno\u015bci. W zale\u017cno\u015bci od zaklasyfikowania do poszczeg\u00f3lnych stopni, odpis z tytu\u0142u utraty warto\u015bci jest  szacowany  w horyzoncie  12-miesi\u0119cy  (stopie\u0144  1)  lub  w  horyzoncie  \u017cycia  instrumentu  (stopie\u0144  2  oraz  stopie\u0144  3). Bezwzgl\u0119dn\u0105  przes\u0142ank\u0105  na  okre\u015blenie  wyst\u0105pienia  stanu  niewyp\u0142acalno\u015bci  (default)  jest  przeterminowanie  p\u0142atno\u015bci o ponad 90 dni.  W modelu uproszczonym Grupa nie monitoruje zmian poziomu ryzyka  kredytowego w  trakcie \u017cycia instrumentu oraz szacuje oczekiwan\u0105 strat\u0119 kredytow\u0105 w horyzoncie do terminu zapadalno\u015bci instrumentu w oparciu o historyczne dane dotycz\u0105ce sp\u0142acalno\u015bci nale\u017cno\u015bci od odbiorc\u00f3w. Zasady rachunkowo\u015bci Grupa  stosuje  model  uproszczony  do  kalkulacji  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  (bez wzgl\u0119du  na  termin  zapadalno\u015bci).  Oczekiwana  strata  kredytowa  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jest  kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy po momencie uj\u0119cia nale\u017cno\u015bci w sprawozdaniu z sytuacji finansowej oraz  jest  aktualizowana  na  ka\u017cdy  kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy.  Dla  cel\u00f3w  oszacowania  oczekiwanej straty  kredytowej  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jednostki  Grupy  wykorzystuj\u0105  macierze  rezerw  (provision  matrix) zbudowane w oparciu o historyczne poziomy sp\u0142acalno\u015bci nale\u017cno\u015bci od kontrahent\u00f3w, kt\u00f3re s\u0105 poddawane okresowej rekalibracji w celu aktualizacji.  Odpis na oczekiwane straty kredytowe wycenia si\u0119 w kwocie r\u00f3wnej oczekiwanym stratom kredytowym w ca\u0142ym okresie \u017cycia nale\u017cno\u015bci. Grupa przyj\u0119\u0142a za\u0142o\u017cenie, \u017ce ryzyko nale\u017cno\u015bci charakteryzowane jest przez liczb\u0119 dni op\u00f3\u017anienia i ten parametr  determinuje  szacowane  PD,  czyli  prawdopodobie\u0144stwo  op\u00f3\u017anienia  p\u0142atno\u015bci  nale\u017cno\u015bci  handlowych o co najmniej  90  dni.  Na  potrzeby  estymacji  PD  wyodr\u0119bniono  5  grup  ryzyka  w  oparciu  o  kryterium  dni  op\u00f3\u017anienia w terminie p\u0142atno\u015bci, zgodnie z przedzia\u0142ami przedstawionymi poni\u017cej jako \u201eWa\u017cne oszacowania i za\u0142o\u017cenia\u201d.  Za zdarzenie niewyp\u0142acalno\u015bci (default) uznaje si\u0119 brak wywi\u0105zania si\u0119 ze zobowi\u0105zania przez kontrahenta po up\u0142ywie 90 dni od dnia wymagalno\u015bci nale\u017cno\u015bci. W celu obliczenia odpisu z tytu\u0142u oczekiwanej straty kredytowej  uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczenia przypisuj\u0105c poszczeg\u00f3lnym typom zabezpiecze\u0144 oczekiwan\u0105 stop\u0119 odzysku. Ponadto,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  informacje  dotycz\u0105ce  przysz\u0142o\u015bci  w  stosowanych  parametrach  modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik\u00f3w  prawdopodobie\u0144stwa  niewyp\u0142acalno\u015bci. Oznacza  to,  \u017ce  je\u017celi  w  wyniku  analizy  danych  makroekonomicznych  takich  jak  np.:    bie\u017c\u0105ca  dynamika  PKB,  warto\u015b\u0107 inflacji, wska\u017anik bezrobocia  czy warto\u015b\u0107 WIG, Grupa uzna, \u017ce nast\u0105pi\u0142o ich pogorszenie w stosunku do poprzedniego okresu,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  czynnik  looking  forward,  koryguj\u0105cy  ryzyko  zwi\u0105zane  ze  spadkiem  odzysk\u00f3w z nale\u017cno\u015bci.  Mimo  rosn\u0105cej  inflacji  przy  korzystnym  kszta\u0142towaniu  si\u0119  m.in.  wska\u017anik\u00f3w  PKB,  bezrobocia  a  tak\u017ce prognoz  tych wska\u017anik\u00f3w Jednostka Dominuj\u0105ca nie stwierdzi\u0142a pogorszenia czynnik\u00f3w makroekonomicznych na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy tj. na 31 grudnia 2022 r . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "Zasady rachunkowo\u015bci Grupa  ujmuje  odpis  z  tytu\u0142u  oczekiwanych  strat  kredytowych  na  sk\u0142adnikach  aktyw\u00f3w  finansowych  wycenianych w zamortyzowanym  koszcie.  Oczekiwane  straty  kredytowe  s\u0105  to  straty  kredytowe  wa\u017cone  prawdopodobie\u0144stwem wyst\u0105pienia  niewykonania  zobowi\u0105zania.  Grupa  stosuje  nast\u0119puj\u0105ce  modele  wyznaczania  odpis\u00f3w  z tytu\u0142u  utraty warto\u015bci: - model uproszczony \u2013 dla nale\u017cno\u015bci od odbiorc\u00f3w, - model og\u00f3lny (podstawowy) \u2013 dla pozosta\u0142ych aktyw\u00f3w finansowych. W modelu og\u00f3lnym Grupa monitoruje zmiany poziomu ryzyka kredytowego zwi\u0105zanego z danym sk\u0142adnikiem aktyw\u00f3w finansowych oraz klasyfikuje aktywa finansowe do jednego z trzech etap\u00f3w wyznaczania odpis\u00f3w z tytu\u0142u utraty warto\u015bci \u2013  w oparciu  o  obserwacj\u0119  zmiany  poziomu  ryzyka  kredytowego  w  stosunku  do  pocz\u0105tkowego  uj\u0119cia  instrumentu. W szczeg\u00f3lno\u015bci,  monitorowaniu  podlega:  rating  kredytowy  oraz  sytuacja  finansowa  kontrahenta  i  okres przeterminowania p\u0142atno\u015bci. W zale\u017cno\u015bci od zaklasyfikowania do poszczeg\u00f3lnych stopni, odpis z tytu\u0142u utraty warto\u015bci jest  szacowany  w horyzoncie  12-miesi\u0119cy  (stopie\u0144  1)  lub  w  horyzoncie  \u017cycia  instrumentu  (stopie\u0144  2  oraz  stopie\u0144  3). Bezwzgl\u0119dn\u0105  przes\u0142ank\u0105  na  okre\u015blenie  wyst\u0105pienia  stanu  niewyp\u0142acalno\u015bci  (default)  jest  przeterminowanie  p\u0142atno\u015bci o ponad 90 dni.  W modelu uproszczonym Grupa nie monitoruje zmian poziomu ryzyka  kredytowego w  trakcie \u017cycia instrumentu oraz szacuje oczekiwan\u0105 strat\u0119 kredytow\u0105 w horyzoncie do terminu zapadalno\u015bci instrumentu w oparciu o historyczne dane dotycz\u0105ce sp\u0142acalno\u015bci nale\u017cno\u015bci od odbiorc\u00f3w. Zasady rachunkowo\u015bci Grupa  stosuje  model  uproszczony  do  kalkulacji  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  (bez wzgl\u0119du  na  termin  zapadalno\u015bci).  Oczekiwana  strata  kredytowa  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jest  kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy po momencie uj\u0119cia nale\u017cno\u015bci w sprawozdaniu z sytuacji finansowej oraz  jest  aktualizowana  na  ka\u017cdy  kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy.  Dla  cel\u00f3w  oszacowania  oczekiwanej straty  kredytowej  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jednostki  Grupy  wykorzystuj\u0105  macierze  rezerw  (provision  matrix) zbudowane w oparciu o historyczne poziomy sp\u0142acalno\u015bci nale\u017cno\u015bci od kontrahent\u00f3w, kt\u00f3re s\u0105 poddawane okresowej rekalibracji w celu aktualizacji.  Odpis na oczekiwane straty kredytowe wycenia si\u0119 w kwocie r\u00f3wnej oczekiwanym stratom kredytowym w ca\u0142ym okresie \u017cycia nale\u017cno\u015bci. Grupa przyj\u0119\u0142a za\u0142o\u017cenie, \u017ce ryzyko nale\u017cno\u015bci charakteryzowane jest przez liczb\u0119 dni op\u00f3\u017anienia i ten parametr  determinuje  szacowane  PD,  czyli  prawdopodobie\u0144stwo  op\u00f3\u017anienia  p\u0142atno\u015bci  nale\u017cno\u015bci  handlowych o co najmniej  90  dni.  Na  potrzeby  estymacji  PD  wyodr\u0119bniono  5  grup  ryzyka  w  oparciu  o  kryterium  dni  op\u00f3\u017anienia w terminie p\u0142atno\u015bci, zgodnie z przedzia\u0142ami przedstawionymi poni\u017cej jako \u201eWa\u017cne oszacowania i za\u0142o\u017cenia\u201d.  Za zdarzenie niewyp\u0142acalno\u015bci (default) uznaje si\u0119 brak wywi\u0105zania si\u0119 ze zobowi\u0105zania przez kontrahenta po up\u0142ywie 90 dni od dnia wymagalno\u015bci nale\u017cno\u015bci. W celu obliczenia odpisu z tytu\u0142u oczekiwanej straty kredytowej  uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczenia przypisuj\u0105c poszczeg\u00f3lnym typom zabezpiecze\u0144 oczekiwan\u0105 stop\u0119 odzysku. Ponadto,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  informacje  dotycz\u0105ce  przysz\u0142o\u015bci  w  stosowanych  parametrach  modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik\u00f3w  prawdopodobie\u0144stwa  niewyp\u0142acalno\u015bci. Oznacza  to,  \u017ce  je\u017celi  w  wyniku  analizy  danych  makroekonomicznych  takich  jak  np.:    bie\u017c\u0105ca  dynamika  PKB,  warto\u015b\u0107 inflacji, wska\u017anik bezrobocia  czy warto\u015b\u0107 WIG, Grupa uzna, \u017ce nast\u0105pi\u0142o ich pogorszenie w stosunku do poprzedniego okresu,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  czynnik  looking  forward,  koryguj\u0105cy  ryzyko  zwi\u0105zane  ze  spadkiem  odzysk\u00f3w z nale\u017cno\u015bci.  Mimo  rosn\u0105cej  inflacji  przy  korzystnym  kszta\u0142towaniu  si\u0119  m.in.  wska\u017anik\u00f3w  PKB,  bezrobocia  a  tak\u017ce prognoz  tych wska\u017anik\u00f3w Jednostka Dominuj\u0105ca nie stwierdzi\u0142a pogorszenia czynnik\u00f3w makroekonomicznych na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy tj. na 31 grudnia 2022 r . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-443": {
   "value": "Nota 7.5.2.3 Ryzyko kredytowe zwi\u0105zane z nale\u017cno\u015bciami od odbiorc\u00f3w Znacz\u0105ce salda nale\u017cno\u015bci z tytu\u0142u dostaw i us\u0142ug w Grupie Kapita\u0142owej na 31 grudnia 2022 r. wyst\u0119powa\u0142y w sp\u00f3\u0142kach: KGHM Polska Mied\u017a S.A. 517 mln PLN, Grupa KGHM INTERNATIONAL LTD. 364 mln PLN, CENTROZ\u0141OM WROC\u0141AW S.A. 67 mln  PLN,  WPEC  w Legnicy  S.A.  49  mln  PLN,  NITROERG  S.A.  39  mln  PLN,  Metraco  S.A.  28  mln  PLN,  \u201eMCZ\u201d  S.A.  24 mln  PLN, WMN \"\u0141ab\u0119dy\" S.A.  19  mln PLN,  Energetyka Sp.  z o.o.  11  mln PLN (na  31  grudnia 2021 r.: KGHM  Polska Mied\u017a S.A.  537  mln  PLN, Grupa  KGHM INTERNATIONAL  LTD. 219  mln  PLN,  CENTROZ\u0141OM  WROC\u0141AW  S.A.  88 mln  PLN, WPEC  w Legnicy  S.A.  39  mln  PLN,  NITROERG  S.A.  37  mln  PLN,  \u201eMCZ\u201d  S.A.  22  mln  PLN,  Metraco  S.A.  14  mln  PLN, WMN \"\u0141ab\u0119dy\" S.A. 12 mln PLN). Ca\u0142kowita  warto\u015b\u0107 netto  nale\u017cno\u015bci  handlowych Grupy  Kapita\u0142owej  na 31  grudnia  2022  r.  bez  uwzgl\u0119dnienia warto\u015bci godziwej przyj\u0119tych zabezpiecze\u0144, do wysoko\u015bci kt\u00f3rych Grupa Kapita\u0142owa mo\u017ce by\u0107 wystawiona na ryzyko kredytowe, wynosi 1 178 mln PLN (wed\u0142ug stanu na 31 grudnia 2021 r. 1 026 mln PLN).  Jednostka Dominuj\u0105ca ogranicza ekspozycj\u0119 na ryzyko kredytowe zwi\u0105zane z nale\u017cno\u015bciami od odbiorc\u00f3w poprzez ocen\u0119 i monitoring kondycji finansowej kontrahent\u00f3w, ustalanie limit\u00f3w kredytowych, stosowanie zabezpiecze\u0144 wierzytelno\u015bci oraz  faktoringu  bez  regresu.  Warunki  zawartych  um\u00f3w  faktoringowych  spe\u0142niaj\u0105  kryteria  usuni\u0119cia  nale\u017cno\u015bci  z  ksi\u0105g w momencie ich nabycia przez faktora. Na dzie\u0144 31 grudnia 2022 r. warto\u015b\u0107 nale\u017cno\u015bci oddanych do faktoringu, za kt\u00f3re nie otrzymano p\u0142atno\u015bci od faktor\u00f3w wynios\u0142a 4 mln PLN  (wed\u0142ug stanu na 31 grudnia 2021 r. 17 mln PLN). Informacja o warto\u015bci przychod\u00f3w ze sprzeda\u017cy obj\u0119tych faktoringiem w okresie obrotowym prezentowana jest w Nocie 2.4. Nieod\u0142\u0105cznym  elementem  procesu  zarz\u0105dzania  ryzykiem  kredytowym  realizowanego  w  Jednostce  Dominuj\u0105cej  jest bie\u017c\u0105cy monitoring stanu nale\u017cno\u015bci oraz wewn\u0119trzny system raportowania.  Kredyt kupiecki otrzymuj\u0105 sprawdzeni kontrahenci. W  przypadku nowych klient\u00f3w d\u0105\u017cy si\u0119 aby sprzeda\u017c dokonywana by\u0142a  na  podstawie  przedp\u0142at  lub  instrument\u00f3w  finansowania  handlu  przenosz\u0105cych  ryzyko  kredytowe  na  instytucje finansowe. Jednostka Dominuj\u0105ca posiada nast\u0119puj\u0105ce formy zabezpieczenia nale\u017cno\u015bci:  \u2022  zastawy rejestrowe, gwarancje bankowe, weksle, akty notarialne poddania si\u0119 egzekucji, gwarancje korporacyjne, cesje nale\u017cno\u015bci, hipoteki i inkasa dokumentowe; \u2022  zastrze\u017cenie przeniesienia prawa w\u0142asno\u015bci wyrob\u00f3w na kontrahenta dopiero po dokonaniu zap\u0142aty;  \u2022  umow\u0119 ubezpieczenia nale\u017cno\u015bci, kt\u00f3r\u0105 obj\u0119te s\u0105 nale\u017cno\u015bci od jednostek z kredytem kupieckim, od kt\u00f3rych nie otrzymano twardych zabezpiecze\u0144 lub otrzymano zabezpieczenia niepokrywaj\u0105ce ca\u0142o\u015bci salda nale\u017cno\u015bci.  Uwzgl\u0119dniaj\u0105c  posiadane  wy\u017cej  wymienione  formy  zabezpiecze\u0144  oraz  limity  kredytowe  przyznane  przez  firm\u0119 ubezpieczeniow\u0105, wed\u0142ug stanu na 31 grudnia 2022 r. Jednostka Dominuj\u0105ca posiada zabezpieczenia dla 76% nale\u017cno\u015bci handlowych (wed\u0142ug stanu na 31 grudnia 2021 r. 84%). KGHM  INTERNATIONAL  LTD.  nie  stosuje  zabezpiecze\u0144  nale\u017cno\u015bci,  jednak  ryzyko  kredytowe  zwi\u0105zane  z  nale\u017cno\u015bciami od odbiorc\u00f3w  podlega  monitoringowi  a  sprzeda\u017c  w  du\u017cej  mierze  realizowana  jest  do  sprawdzonych,  d\u0142ugoletnich kontrahent\u00f3w prowadz\u0105cych dzia\u0142alno\u015b\u0107 mi\u0119dzynarodow\u0105. Ocena koncentracji ryzyka kredytowego w Grupie: Koncentracja bran\u017cowa Pomimo,  \u017ce  KGHM  Polska  Mied\u017a  S.A.  oraz  KGHM INTERNATION AL  LTD.  funkcjonuj\u0105  w tej  samej bran\u017cy,  sp\u00f3\u0142ki  r\u00f3\u017cni\u0105  si\u0119  zar\u00f3wno  portfelem  oferowanych  produkt\u00f3w,  jak  i geograficzn\u0105  oraz podmiotow\u0105  struktur\u0105  portfela  klient\u00f3w,  w zwi\u0105zku  z  czym  bran\u017cowa  koncentracja  ryzyka kredytowego oceniana jest jako akceptowalna.  Pozosta\u0142e  sp\u00f3\u0142ki  Grupy  Kapita\u0142owej  dzia\u0142aj\u0105  w  r\u00f3\u017cnych  sektorach  gospodarki,  m.in.  transport, budownictwo, handel, produkcja przemys\u0142owa, energetyka. W zwi\u0105zku z tym w przypadku wi\u0119kszo\u015bci sp\u00f3\u0142ek  Grupy  Kapita\u0142owej,  pod  wzgl\u0119dem  bran\u017cowym,  nie  dochodzi  do koncentracji  ryzyka kredytowego. Koncentracja odbiorc\u00f3w Na 31 grudnia 2022 r. saldo nale\u017cno\u015bci od 7 najwi\u0119kszych odbiorc\u00f3w stanowi 58% salda nale\u017cno\u015bci od odbiorc\u00f3w  (2021  r.:  49%).  Pomimo  koncentracji  ryzyka  z  tego  tytu\u0142u  ocenia  si\u0119,  \u017ce  ze  wzgl\u0119du  na dost\u0119pne  dane  historyczne  oraz  wieloletnie  do\u015bwiadczenie  we  wsp\u00f3\u0142pracy  z klientami,  jak  r\u00f3wnie\u017c stosowane zabezpieczenia wyst\u0119puje niski stopie\u0144 ryzyka kredytowego. Koncentracja geograficzna Sp\u00f3\u0142ki Grupy Kapita\u0142owej od wielu lat wsp\u00f3\u0142pracuj\u0105 z du\u017c\u0105 liczb\u0105 klient\u00f3w, co wp\u0142ywa na geograficzn\u0105 dywersyfikacj\u0119 nale\u017cno\u015bci od odbiorc\u00f3w. Stopie\u0144 geograficznej koncentracji ryzyka kredytowego dla nale\u017cno\u015bci od odbiorc\u00f3w przedstawia poni\u017csza tabela.  Nale\u017cno\u015bci od odbiorc\u00f3w (netto) Stan na 31.12.2022 Stan na 31.12.2021 Polska 40% 59% Kanada  19% 8% Unia Europejska (z wy\u0142. Polski) 10% 10% Azja 26% 17% Inne kraje 5% 6% Nota 10.2 Nale\u017cno\u015bci od odbiorc\u00f3w Zasady rachunkowo\u015bci Nale\u017cno\u015bci od odbiorc\u00f3w ujmuje si\u0119 pocz\u0105tkowo w cenie transakcyjnej (chyba, \u017ce nale\u017cno\u015b\u0107 zawiera istotny komponent finansowy podlegaj\u0105cy wydzieleniu, na skutek czego nale\u017cno\u015b\u0107 jest pocz\u0105tkowo ujmowana w warto\u015bci godziwej). Po pocz\u0105tkowym uj\u0119ciu nale\u017cno\u015bci od odbiorc\u00f3w wycenia si\u0119 w nast\u0119puj\u0105cy spos\u00f3b: -  Nale\u017cno\u015bci  nieprzekazywane  do  faktoringu  pe\u0142nego  i  nieoparte  o  formu\u0142\u0119  cenow\u0105  M+:  w   wysoko\u015bci zamortyzowanego  kosztu  z  uwzgl\u0119dnieniem  odpis\u00f3w  z  tytu\u0142u  oczekiwanej  straty  kredytowej  (ECL).  Nale\u017cno\u015bci od odbiorc\u00f3w z dat\u0105 zapadalno\u015bci poni\u017cej 12 miesi\u0119cy od dnia powstania nie podlegaj\u0105 dyskontowaniu. -  Nale\u017cno\u015bci  przekazywane  do  faktoringu  pe\u0142nego:  w  warto\u015bci  godziwej  przez  wynik  finansowy,  gdzie  warto\u015b\u0107 godziwa  ustalana  jest  w  wysoko\u015bci  ich  warto\u015bci  bilansowej  pomniejszonej  o  koszty  wynagrodzenia  faktora,  na kt\u00f3re  sk\u0142adaj\u0105  si\u0119  m.in.  koszty  odsetkowe  i  koszt  przej\u0119cia  ryzyka.  Ze  wzgl\u0119du  na  kr\u00f3tki  termin  pomi\u0119dzy przekazaniem do faktora a jej zap\u0142at\u0105 oraz ze wzgl\u0119du na niskie ryzyko kredytowe kontrahenta (faktora) warto\u015b\u0107 godziwa tych nale\u017cno\u015bci nie uwzgl\u0119dnia wp\u0142ywu tych czynnik\u00f3w. Nale\u017cno\u015bci przekazywane do faktoringu pe\u0142nego s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik  finansowy obowi\u0105zkowo,  poniewa\u017c  zosta\u0142y  zakwalifikowane  do  modelu  biznesowego,  w  ramach  kt\u00f3rego  przep\u0142ywy s\u0105 realizowane wy\u0142\u0105cznie w drodze sprzeda\u017cy aktyw\u00f3w finansowych. -  Nale\u017cno\u015bci oparte o formu\u0142\u0119 cenow\u0105 M+: w warto\u015bci godziwej przez wynik finansowy, gdzie warto\u015b\u0107 godziwa jest ustalana  jako  warto\u015b\u0107  nominalna  (tj.  po  cenie  z  faktury  sprzeda\u017cy)  skorygowana  o  wp\u0142yw  ryzyka  rynkowego i kredytowego. Korekta z tytu\u0142u ryzyka rynkowego jest obliczana jako r\u00f3\u017cnica pomi\u0119dzy aktualn\u0105 cen\u0105 rynkow\u0105 dla danego  okresu  kwotowania  z  przysz\u0142o\u015bci  (dla  okresu,  w  kt\u00f3rym  nast\u0105pi  ostateczne  ustalenie  ceny  rozliczenia) a cen\u0105,  po  jakiej  nale\u017cno\u015b\u0107  zosta\u0142a  uj\u0119ta  w  ksi\u0119gach  rachunkowych  (przemno\u017cona  przez  wolumen  sprzeda\u017cy). Korekta  z  tytu\u0142u  ryzyka  kredytowego  jest  obliczana  w spos\u00f3b  analogiczny  do  kalkulacji  oczekiwanej  straty kredytowej  dla nale\u017cno\u015bci  handlowych  wycenianych  wg zamortyzowanego  kosztu. Nale\u017cno\u015bci  oparte  o  formu\u0142\u0119 cenow\u0105  M+  s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik finansowy  obowi\u0105zkowo,  poniewa\u017c  nale\u017cno\u015bci  te  nie  zdaj\u0105  testu  SPPI  (tj.  testu  umownych  przep\u0142yw\u00f3w pieni\u0119\u017cnych) ze wzgl\u0119du wyst\u0119puj\u0105cy w nich element zmiany ceny po dniu pocz\u0105tkowego uj\u0119cia nale\u017cno\u015bci. Nale\u017cno\u015bci wyceniane w warto\u015bci godziwej mog\u0105 podlega\u0107 wycenie zar\u00f3wno z tytu\u0142u stosowanej formu\u0142y cenowej M+ jak i z  tytu\u0142u  przekazania  do  faktoringu.  Wycen  tych  dokonuje  si\u0119  niezale\u017cnie  od  siebie.  Skutek  obydwu  wycen  ujmuje  si\u0119 w wyniku finansowym w pozosta\u0142ych przychodach/ (kosztach) operacyjnych. Grupa nara\u017cona jest na  ryzyko kredytowe oraz ryzyko  walutowe  zwi\u0105zane z nale\u017cno\u015bciami od  odbiorc\u00f3w. Zarz\u0105dzanie ryzykiem  kredytowym  oraz  ocen\u0119  jako\u015bci  kredytowej  nale\u017cno\u015bci  przedstawiono  w  Nocie  7.5.2.3.  Informacje  na  temat ryzyka walutowego przedstawiono w Nocie 7.5.1.3. Poni\u017csza tabela przedstawia warto\u015b\u0107 bilansow\u0105 nale\u017cno\u015bci od odbiorc\u00f3w oraz kwot\u0119 oczekiwanej straty kredytowej: Stan na 31.12.2022 Stan na 31.12.2021 Nale\u017cno\u015bci wyceniane w zamortyzowanym koszcie - warto\u015b\u0107 brutto  466 435 Odpis na oczekiwan\u0105 strat\u0119 kredytow\u0105  ( 39) ( 36) Nale\u017cno\u015bci wyceniane w zamortyzowanym koszcie - warto\u015b\u0107 netto  427 399 Nale\u017cno\u015bci wyceniane w warto\u015bci godziwej  751 627 Nota 10.4 Razem, z tego: 1 178 1 026   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy        (grupa zbycia) - 15  wykazane jako \u201enale\u017cno\u015bci od odbiorc\u00f3w\" i \u201einne instrumenty        finansowe wyceniane w zamortyzowanym koszcie\" 1 178 1 011 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "Zasady rachunkowo\u015bci Grupa  stosuje  model  uproszczony  do  kalkulacji  odpis\u00f3w  z  tytu\u0142u  utraty  warto\u015bci  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  (bez wzgl\u0119du  na  termin  zapadalno\u015bci).  Oczekiwana  strata  kredytowa  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jest  kalkulowana na najbli\u017cszy dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy po momencie uj\u0119cia nale\u017cno\u015bci w sprawozdaniu z sytuacji finansowej oraz  jest  aktualizowana  na  ka\u017cdy  kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy.  Dla  cel\u00f3w  oszacowania  oczekiwanej straty  kredytowej  dla  nale\u017cno\u015bci  od  odbiorc\u00f3w  jednostki  Grupy  wykorzystuj\u0105  macierze  rezerw  (provision  matrix) zbudowane w oparciu o historyczne poziomy sp\u0142acalno\u015bci nale\u017cno\u015bci od kontrahent\u00f3w, kt\u00f3re s\u0105 poddawane okresowej rekalibracji w celu aktualizacji.  Odpis na oczekiwane straty kredytowe wycenia si\u0119 w kwocie r\u00f3wnej oczekiwanym stratom kredytowym w ca\u0142ym okresie \u017cycia nale\u017cno\u015bci. Grupa przyj\u0119\u0142a za\u0142o\u017cenie, \u017ce ryzyko nale\u017cno\u015bci charakteryzowane jest przez liczb\u0119 dni op\u00f3\u017anienia i ten parametr  determinuje  szacowane  PD,  czyli  prawdopodobie\u0144stwo  op\u00f3\u017anienia  p\u0142atno\u015bci  nale\u017cno\u015bci  handlowych o co najmniej  90  dni.  Na  potrzeby  estymacji  PD  wyodr\u0119bniono  5  grup  ryzyka  w  oparciu  o  kryterium  dni  op\u00f3\u017anienia w terminie p\u0142atno\u015bci, zgodnie z przedzia\u0142ami przedstawionymi poni\u017cej jako \u201eWa\u017cne oszacowania i za\u0142o\u017cenia\u201d.  Za zdarzenie niewyp\u0142acalno\u015bci (default) uznaje si\u0119 brak wywi\u0105zania si\u0119 ze zobowi\u0105zania przez kontrahenta po up\u0142ywie 90 dni od dnia wymagalno\u015bci nale\u017cno\u015bci. W celu obliczenia odpisu z tytu\u0142u oczekiwanej straty kredytowej  uwzgl\u0119dnia si\u0119 tak\u017ce zabezpieczenia przypisuj\u0105c poszczeg\u00f3lnym typom zabezpiecze\u0144 oczekiwan\u0105 stop\u0119 odzysku. Ponadto,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  informacje  dotycz\u0105ce  przysz\u0142o\u015bci  w  stosowanych  parametrach  modelu szacowania  strat  oczekiwanych,  poprzez  korekt\u0119  bazowych  wsp\u00f3\u0142czynnik\u00f3w  prawdopodobie\u0144stwa  niewyp\u0142acalno\u015bci. Oznacza  to,  \u017ce  je\u017celi  w  wyniku  analizy  danych  makroekonomicznych  takich  jak  np.:    bie\u017c\u0105ca  dynamika  PKB,  warto\u015b\u0107 inflacji, wska\u017anik bezrobocia  czy warto\u015b\u0107 WIG, Grupa uzna, \u017ce nast\u0105pi\u0142o ich pogorszenie w stosunku do poprzedniego okresu,  w  kalkulacji  ECL  uwzgl\u0119dnia  si\u0119  czynnik  looking  forward,  koryguj\u0105cy  ryzyko  zwi\u0105zane  ze  spadkiem  odzysk\u00f3w z nale\u017cno\u015bci.  Mimo  rosn\u0105cej  inflacji  przy  korzystnym  kszta\u0142towaniu  si\u0119  m.in.  wska\u017anik\u00f3w  PKB,  bezrobocia  a  tak\u017ce prognoz  tych wska\u017anik\u00f3w Jednostka Dominuj\u0105ca nie stwierdzi\u0142a pogorszenia czynnik\u00f3w makroekonomicznych na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy tj. na 31 grudnia 2022 r . Zasady rachunkowo\u015bci Nale\u017cno\u015bci od odbiorc\u00f3w ujmuje si\u0119 pocz\u0105tkowo w cenie transakcyjnej (chyba, \u017ce nale\u017cno\u015b\u0107 zawiera istotny komponent finansowy podlegaj\u0105cy wydzieleniu, na skutek czego nale\u017cno\u015b\u0107 jest pocz\u0105tkowo ujmowana w warto\u015bci godziwej). Po pocz\u0105tkowym uj\u0119ciu nale\u017cno\u015bci od odbiorc\u00f3w wycenia si\u0119 w nast\u0119puj\u0105cy spos\u00f3b: -  Nale\u017cno\u015bci  nieprzekazywane  do  faktoringu  pe\u0142nego  i  nieoparte  o  formu\u0142\u0119  cenow\u0105  M+:  w   wysoko\u015bci zamortyzowanego  kosztu  z  uwzgl\u0119dnieniem  odpis\u00f3w  z  tytu\u0142u  oczekiwanej  straty  kredytowej  (ECL).  Nale\u017cno\u015bci od odbiorc\u00f3w z dat\u0105 zapadalno\u015bci poni\u017cej 12 miesi\u0119cy od dnia powstania nie podlegaj\u0105 dyskontowaniu. -  Nale\u017cno\u015bci  przekazywane  do  faktoringu  pe\u0142nego:  w  warto\u015bci  godziwej  przez  wynik  finansowy,  gdzie  warto\u015b\u0107 godziwa  ustalana  jest  w  wysoko\u015bci  ich  warto\u015bci  bilansowej  pomniejszonej  o  koszty  wynagrodzenia  faktora,  na kt\u00f3re  sk\u0142adaj\u0105  si\u0119  m.in.  koszty  odsetkowe  i  koszt  przej\u0119cia  ryzyka.  Ze  wzgl\u0119du  na  kr\u00f3tki  termin  pomi\u0119dzy przekazaniem do faktora a jej zap\u0142at\u0105 oraz ze wzgl\u0119du na niskie ryzyko kredytowe kontrahenta (faktora) warto\u015b\u0107 godziwa tych nale\u017cno\u015bci nie uwzgl\u0119dnia wp\u0142ywu tych czynnik\u00f3w. Nale\u017cno\u015bci przekazywane do faktoringu pe\u0142nego s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik  finansowy obowi\u0105zkowo,  poniewa\u017c  zosta\u0142y  zakwalifikowane  do  modelu  biznesowego,  w  ramach  kt\u00f3rego  przep\u0142ywy s\u0105 realizowane wy\u0142\u0105cznie w drodze sprzeda\u017cy aktyw\u00f3w finansowych. -  Nale\u017cno\u015bci oparte o formu\u0142\u0119 cenow\u0105 M+: w warto\u015bci godziwej przez wynik finansowy, gdzie warto\u015b\u0107 godziwa jest ustalana  jako  warto\u015b\u0107  nominalna  (tj.  po  cenie  z  faktury  sprzeda\u017cy)  skorygowana  o  wp\u0142yw  ryzyka  rynkowego i kredytowego. Korekta z tytu\u0142u ryzyka rynkowego jest obliczana jako r\u00f3\u017cnica pomi\u0119dzy aktualn\u0105 cen\u0105 rynkow\u0105 dla danego  okresu  kwotowania  z  przysz\u0142o\u015bci  (dla  okresu,  w  kt\u00f3rym  nast\u0105pi  ostateczne  ustalenie  ceny  rozliczenia) a cen\u0105,  po  jakiej  nale\u017cno\u015b\u0107  zosta\u0142a  uj\u0119ta  w  ksi\u0119gach  rachunkowych  (przemno\u017cona  przez  wolumen  sprzeda\u017cy). Korekta  z  tytu\u0142u  ryzyka  kredytowego  jest  obliczana  w spos\u00f3b  analogiczny  do  kalkulacji  oczekiwanej  straty kredytowej  dla nale\u017cno\u015bci  handlowych  wycenianych  wg zamortyzowanego  kosztu. Nale\u017cno\u015bci  oparte  o  formu\u0142\u0119 cenow\u0105  M+  s\u0105  wyznaczane  do  kategorii  aktyw\u00f3w  finansowych  wycenianych  w  warto\u015bci  godziwej  przez  wynik finansowy  obowi\u0105zkowo,  poniewa\u017c  nale\u017cno\u015bci  te  nie  zdaj\u0105  testu  SPPI  (tj.  testu  umownych  przep\u0142yw\u00f3w pieni\u0119\u017cnych) ze wzgl\u0119du wyst\u0119puj\u0105cy w nich element zmiany ceny po dniu pocz\u0105tkowego uj\u0119cia nale\u017cno\u015bci. Nale\u017cno\u015bci wyceniane w warto\u015bci godziwej mog\u0105 podlega\u0107 wycenie zar\u00f3wno z tytu\u0142u stosowanej formu\u0142y cenowej M+ jak i z  tytu\u0142u  przekazania  do  faktoringu.  Wycen  tych  dokonuje  si\u0119  niezale\u017cnie  od  siebie.  Skutek  obydwu  wycen  ujmuje  si\u0119 w wyniku finansowym w pozosta\u0142ych przychodach/ (kosztach) operacyjnych. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-379": {
   "value": "Cz\u0119\u015b\u0107 8 - Zad\u0142u\u017cenie, zarz\u0105dzanie p\u0142ynno\u015bci\u0105 i kapita\u0142em Nota 8.1 Polityka zarz\u0105dzania kapita\u0142em Zgodnie  z  przyj\u0119t\u0105  praktyk\u0105  rynkow\u0105,  Grupa  monitoruje  poziom  bezpiecze\u0144stwa  finansowego  mi\u0119dzy  innymi na podstawie wska\u017anika D\u0142ug Netto/Skorygowana EBITDA  zaprezentowanego w tabeli poni\u017cej: w * Warto\u015b\u0107 d\u0142ugu netto nie zawiera zobowi\u0105za\u0144 z tytu\u0142u faktoringu d\u0142u\u017cnego. ** Skorygowana EBITDA za okres 12 miesi\u0119cy ko\u0144cz\u0105cy si\u0119 w ostatnim dniu okresu sprawozdawczego, bez uwzgl\u0119dnienia EBITDA wsp\u00f3lnego przedsi\u0119wzi\u0119cia Sierra Gorda S.C.M. W procesie zarz\u0105dzania p\u0142ynno\u015bci\u0105 i kapita\u0142em Grupa zwraca tak\u017ce uwag\u0119 na warto\u015b\u0107 skorygowanego zysku z dzia\u0142alno\u015bci operacyjnej, stanowi\u0105cego podstaw\u0119 do wyliczenia kowenantu finansowego, na kt\u00f3r\u0105 sk\u0142adaj\u0105 si\u0119 nast\u0119puj\u0105ce pozycje: od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Zysk netto na sprzeda\u017cy 4 344 4 710 Przychody odsetkowe od po\u017cyczek udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu  582 494 Pozosta\u0142e przychody i (koszty) operacyjne  962 711 Skorygowany zysk z dzia\u0142alno\u015bci operacyjnej* 5 888 5 915 *Warto\u015b\u0107 nie uwzgl\u0119dnia zysku z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci po\u017cyczek udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu. Na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy,  w  trakcie  roku  obrotowego  oraz  po  dniu  ko\u0144cz\u0105cym  okres  sprawozdawczy, do dnia publikacji niniejszego Skonsolidowanego sprawozdania finansowego, warto\u015b\u0107 kowenantu finansowego obj\u0119tego obowi\u0105zkiem raportowania na  dzie\u0144 30 czerwca 2022  r.  oraz 31  grudnia 2022  r. spe\u0142nia\u0142a  zapisy zawarte  w umowach kredytowych. Wska\u017aniki  Obliczanie 31.12.2022  31.12.2021 D\u0142ug netto/Skorygowana EBITDA stosunek d\u0142ugu netto do skorygowanej EBITDA 0,8 0,6 D\u0142ug Netto* zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, d\u0142u\u017cnych papier\u00f3w warto\u015bciowych i leasingu pomniejszone o wolne \u015brodki pieni\u0119\u017cne oraz ich ekwiwalenty 5 264  4 069 Skorygowana EBITDA** zysk netto na sprzeda\u017cy powi\u0119kszony o amortyzacj\u0119 uj\u0119t\u0105 w wyniku finansowym oraz odpisy z tytu\u0142u utraty warto\u015bci aktyw\u00f3w trwa\u0142ych  6 675  7 160",
   "dimensions": {
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    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-380": {
   "value": "Nota 8.2 Kapita\u0142y Nota 8.2.1 Kapita\u0142 akcyjny Na  dzie\u0144  31  grudnia 2022 r.  i na dzie\u0144 podpisania niniejszego sprawozdania kapita\u0142 zak\u0142adowy  Jednostki Dominuj\u0105cej, zgodnie  z  wpisem  do  Krajowego  Rejestru  S\u0105dowego,  wynosi\u0142  2  000  mln  PLN  i  dzieli\u0142  si\u0119  na  200 000 000  akcji  serii  A, w pe\u0142ni op\u0142aconych, o warto\u015bci nominalnej 10 PLN ka\u017cda. Wszystkie akcje s\u0105 akcjami na okaziciela. Jednostka Dominuj\u0105ca nie wyemitowa\u0142a akcji uprzywilejowanych. Ka\u017cda akcja daje prawo do jednego g\u0142osu na walnym zgromadzeniu. Jednostka Dominuj\u0105ca nie posiada akcji w\u0142asnych. Sp\u00f3\u0142ki zale\u017cne i sp\u00f3\u0142ki b\u0119d\u0105ce wsp\u00f3lnymi przedsi\u0119wzi\u0119ciami nie posiadaj\u0105 akcji KGHM Polska Mied\u017a S.A. W latach zako\u0144czonych 31 grudnia 2022 r. i 31 grudnia 2021 r. nie mia\u0142y miejsca zmiany wysoko\u015bci kapita\u0142u zak\u0142adowego zarejestrowanego i liczby akcji. Ponadto, w 2022 oraz 2021 roku nie wyst\u0105pi\u0142y zmiany w\u0142asno\u015bci znacznych pakiet\u00f3w akcji KGHM Polska Mied\u017a S.A. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej  na  dzie\u0144  31  grudnia  2022  r.,  ustalona  na  podstawie  zawiadomie\u0144 otrzymanych przez Jednostk\u0119  Dominuj\u0105c\u0105 w  oparciu o  art. 69  Ustawy o  ofercie  publicznej  i warunkach wprowadzania instrument\u00f3w  finansowych  do  zorganizowanego  systemu  obrotu  oraz  o  sp\u00f3\u0142kach  publicznych,  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Aviva Otwarty Fundusz Emerytalny Aviva Santander  10 039 684  100 396 840  5,02% Pozostali akcjonariusze  116 266 062  1 162 660 620  58,14% Razem  200 000 000  2 000 000 000  100,00% W  dniu  5  stycznia  2023  r.  Sp\u00f3\u0142ka  zosta\u0142a  poinformowana  o  po\u0142\u0105czeniu  sp\u00f3\u0142ek:  Powszechne  Towarzystwo  Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna (PTE Allianz Polska S.A.) oraz Aviva Powszechne Towarzystwo Emerytalne Aviva Santander Sp\u00f3\u0142ka Akcyjna. W wyniku po\u0142\u0105czenia \u0142\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez  PTE  Allianz Polska S.A.: Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz  Polska Otwarty Fundusz  Emerytalny  wyni\u00f3s\u0142  12 241  453  akcji  KGHM  Polska  Mied\u017a  S.A.,  stanowi\u0105cych  6,12%  udzia\u0142u  w  kapitale zak\u0142adowym Sp\u00f3\u0142ki. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej    na  dzie\u0144  podpisania  niniejszego  sprawozdania  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna* 12 241 453  122 414 530  6,12% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Pozostali akcjonariusze  114 064 293  1 140 642 930  57,04% Razem  200 000 000  2 000 000 000  100,00% *\u0141\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna:  Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz Polska Otwarty Fundusz Emerytalny Zasady rachunkowo\u015bci Kapita\u0142 akcyjny wykazywany jest w warto\u015bci nominalnej. Kapita\u0142  z  tytu\u0142u  wyceny  instrument\u00f3w  finansowych  powstaje  w  wyniku  wyceny  instrument\u00f3w  zabezpieczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne (Nota  7.2 Zasady  rachunkowo\u015bci)  oraz wyceny  aktyw\u00f3w finansowych do  warto\u015bci  godziwej przez pozosta\u0142e ca\u0142kowite dochody (Nota 7.3 Zasady rachunkowo\u015bci) po pomniejszeniu o efekt podatku odroczonego. Na zakumulowane pozosta\u0142e ca\u0142kowite dochody sk\u0142adaj\u0105 si\u0119 r\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  (Nota  1.2  Zasady  rachunkowo\u015bci)  oraz  zyski  i  straty  aktuarialne  z  wyceny program\u00f3w  okre\u015blonych  \u015bwiadcze\u0144  pracowniczych  po  okresie  zatrudnienia  po  pomniejszeniu  o efekt  podatku odroczonego (Cz\u0119\u015b\u0107 11 Zasady rachunkowo\u015bci). Zyski  zatrzymane  stanowi\u0105  sum\u0119  zysku  roku  bie\u017c\u0105cego  oraz  zakumulowanych  zysk\u00f3w  z  lat  poprzednich,  kt\u00f3re  nie zosta\u0142y  wyp\u0142acone  w formie  dywidendy,  ale  zosta\u0142y  przekazane  na  powi\u0119kszenie  kapita\u0142u  zapasowego  lub s\u0105 niepodzielone. Nota 8.2.2 Zmiany pozosta\u0142ych kapita\u0142\u00f3w  Kapita\u0142 z tytu\u0142u wyceny instrument\u00f3w finansowych Inwestycje w instrumenty kapita\u0142owe wyceniane w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody Kapita\u0142 z tytu\u0142u wyceny instrument\u00f3w finansowych zabezpieczaj\u0105cych przysz\u0142e przep\u0142ywy pieni\u0119\u017cne Razem kapita\u0142 z tytu\u0142u wyceny instrument\u00f3w finansowych Zyski / (straty) aktuarialne z tytu\u0142u wyceny program\u00f3w okre\u015blonych \u015bwiadcze\u0144 po okresie zatrudnienia R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie funkcjonalnej innej ni\u017c PLN Zyski zatrzymane Stan na 1 stycznia 2021 r. ( 432) ( 998) (1 430) ( 962) 2 690 18 694 Transakcje z w\u0142a\u015bcicielami - Dywidenda - - - - - ( 300) Zysk netto  - - - - - 6 156            Zyski z tytu\u0142u zmiany warto\u015bci godziwej aktyw\u00f3w finansowych wycenianych              w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody  22* - 22 - - - Nota 7.2              Wp\u0142yw zawartych skutecznych transakcji zabezpieczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne - (2 431) (2 431) - - - Nota 7.2 Kwota przeniesiona do wyniku finansowego z tytu\u0142u rozliczenia             instrument\u00f3w zabezpieczaj\u0105cych - 2 064 2 064 - - - Nota 11.2              Zyski aktuarialne z tytu\u0142u wyceny \u015bwiadcze\u0144 po okresie zatrudnienia - - - 694 - - Nota 1.2             R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie              funkcjonalnej innej ni\u017c PLN - - - - ( 71) - Nota 5.1.1            Podatek odroczony  - 70 70 ( 132) - - Pozosta\u0142e ca\u0142kowite dochody   22 ( 297) ( 275) 562 ( 71) - \u0141\u0105czne ca\u0142kowite dochody  22 ( 297) ( 275) 562 ( 71) 6 156 Reklasyfikacja wyniku ze zbycia instrument\u00f3w kapita\u0142owych wycenianych w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody - - - - - ( 18) Stan na dzie\u0144  31 grudnia 2021 r. ( 410) (1 295) (1 705) ( 400) 2 619 24 532 Transakcje z w\u0142a\u015bcicielami - Dywidenda - - - - - ( 600) Zysk netto  - - - - - 4 772           Straty z tytu\u0142u zmiany warto\u015bci godziwej aktyw\u00f3w finansowych wycenianych             w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody ( 95) - ( 95) - - - Nota 7.2             Wp\u0142yw zawartych skutecznych transakcji zabezpieczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne - 1 239 1 239 - - - Nota 7.2 Kwota przeniesiona do wyniku finansowego z tytu\u0142u rozliczenia instrument\u00f3w            zabezpieczaj\u0105cych - 432 432 - - - Nota 11.2             Straty aktuarialne z tytu\u0142u wyceny \u015bwiadcze\u0144 po okresie zatrudnienia - - - ( 422) - - Nota 1.2            R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie             funkcjonalnej innej ni\u017c PLN - - - - ( 65) - Nota 5.1.1           Podatek odroczony   19 ( 317) ( 298) 80 - - Pozosta\u0142e ca\u0142kowite dochody  ( 76) 1 354 1 278 ( 342) ( 65) - \u0141\u0105czne ca\u0142kowite dochody ( 76) 1 354 1 278 ( 342) ( 65) 4 772 Stan na dzie\u0144  31 grudnia 2022 r. ( 486) 59 ( 427) ( 742) 2 554 28 704  *W pozosta\u0142ych ca\u0142kowitych dochodach uj\u0119to 18 mln PLN z tytu\u0142u reklasyfikacji wyniku ze zbycia instrument\u00f3w kapita\u0142owych wycenianych w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyNa  podstawie Ustawy  z  dnia 15  wrze\u015bnia 2000  r.  Kodeks Sp\u00f3\u0142ek  Handlowych Jednostka  Dominuj\u0105ca  jest  zobowi\u0105zana do tworzenia  obowi\u0105zkowych  odpis\u00f3w  z  zysku  na  kapita\u0142  zapasowy  w  celu  pokrycia  ewentualnych  (przysz\u0142ych) lub istniej\u0105cych  strat  w  wysoko\u015bci  co  najmniej  8%  zysku  za  dany  rok  obrotowy,  a\u017c  do  czasu,  gdy  warto\u015b\u0107  kapita\u0142u zapasowego osi\u0105gnie poziom co najmniej 1/3 kapita\u0142u zak\u0142adowego zarejestrowanego. Tak utworzony kapita\u0142 zapasowy nie podlega podzia\u0142owi, mo\u017ce by\u0107 wykorzystany wy\u0142\u0105cznie na pokrycie straty wykazanej w sprawozdaniu finansowym. Na  dzie\u0144  31  grudnia  2022  r.  kapita\u0142  zapasowy  z  tytu\u0142u  obowi\u0105zkowego  odpisu  dokonanego  przez  jednostki  Grupy Kapita\u0142owej wynosi\u0142 806 mln PLN, z tego 667 mln PLN dotyczy Jednostki Dominuj\u0105cej, uj\u0119ty jest w zyskach zatrzymanych. Informacje dotycz\u0105ce wyp\u0142aconej dywidendy zawarto w Nocie 12.2. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "Nota 8.2 Kapita\u0142y Nota 8.2.1 Kapita\u0142 akcyjny Na  dzie\u0144  31  grudnia 2022 r.  i na dzie\u0144 podpisania niniejszego sprawozdania kapita\u0142 zak\u0142adowy  Jednostki Dominuj\u0105cej, zgodnie  z  wpisem  do  Krajowego  Rejestru  S\u0105dowego,  wynosi\u0142  2  000  mln  PLN  i  dzieli\u0142  si\u0119  na  200 000 000  akcji  serii  A, w pe\u0142ni op\u0142aconych, o warto\u015bci nominalnej 10 PLN ka\u017cda. Wszystkie akcje s\u0105 akcjami na okaziciela. Jednostka Dominuj\u0105ca nie wyemitowa\u0142a akcji uprzywilejowanych. Ka\u017cda akcja daje prawo do jednego g\u0142osu na walnym zgromadzeniu. Jednostka Dominuj\u0105ca nie posiada akcji w\u0142asnych. Sp\u00f3\u0142ki zale\u017cne i sp\u00f3\u0142ki b\u0119d\u0105ce wsp\u00f3lnymi przedsi\u0119wzi\u0119ciami nie posiadaj\u0105 akcji KGHM Polska Mied\u017a S.A. W latach zako\u0144czonych 31 grudnia 2022 r. i 31 grudnia 2021 r. nie mia\u0142y miejsca zmiany wysoko\u015bci kapita\u0142u zak\u0142adowego zarejestrowanego i liczby akcji. Ponadto, w 2022 oraz 2021 roku nie wyst\u0105pi\u0142y zmiany w\u0142asno\u015bci znacznych pakiet\u00f3w akcji KGHM Polska Mied\u017a S.A. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej  na  dzie\u0144  31  grudnia  2022  r.,  ustalona  na  podstawie  zawiadomie\u0144 otrzymanych przez Jednostk\u0119  Dominuj\u0105c\u0105 w  oparciu o  art. 69  Ustawy o  ofercie  publicznej  i warunkach wprowadzania instrument\u00f3w  finansowych  do  zorganizowanego  systemu  obrotu  oraz  o  sp\u00f3\u0142kach  publicznych,  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Aviva Otwarty Fundusz Emerytalny Aviva Santander  10 039 684  100 396 840  5,02% Pozostali akcjonariusze  116 266 062  1 162 660 620  58,14% Razem  200 000 000  2 000 000 000  100,00% W  dniu  5  stycznia  2023  r.  Sp\u00f3\u0142ka  zosta\u0142a  poinformowana  o  po\u0142\u0105czeniu  sp\u00f3\u0142ek:  Powszechne  Towarzystwo  Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna (PTE Allianz Polska S.A.) oraz Aviva Powszechne Towarzystwo Emerytalne Aviva Santander Sp\u00f3\u0142ka Akcyjna. W wyniku po\u0142\u0105czenia \u0142\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez  PTE  Allianz Polska S.A.: Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz  Polska Otwarty Fundusz  Emerytalny  wyni\u00f3s\u0142  12 241  453  akcji  KGHM  Polska  Mied\u017a  S.A.,  stanowi\u0105cych  6,12%  udzia\u0142u  w  kapitale zak\u0142adowym Sp\u00f3\u0142ki. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej    na  dzie\u0144  podpisania  niniejszego  sprawozdania  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna* 12 241 453  122 414 530  6,12% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Pozostali akcjonariusze  114 064 293  1 140 642 930  57,04% Razem  200 000 000  2 000 000 000  100,00% *\u0141\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna:  Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz Polska Otwarty Fundusz Emerytalny Zasady rachunkowo\u015bci Kapita\u0142 akcyjny wykazywany jest w warto\u015bci nominalnej. Kapita\u0142  z  tytu\u0142u  wyceny  instrument\u00f3w  finansowych  powstaje  w  wyniku  wyceny  instrument\u00f3w  zabezpieczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne (Nota  7.2 Zasady  rachunkowo\u015bci)  oraz wyceny  aktyw\u00f3w finansowych do  warto\u015bci  godziwej przez pozosta\u0142e ca\u0142kowite dochody (Nota 7.3 Zasady rachunkowo\u015bci) po pomniejszeniu o efekt podatku odroczonego. Na zakumulowane pozosta\u0142e ca\u0142kowite dochody sk\u0142adaj\u0105 si\u0119 r\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie  funkcjonalnej  innej  ni\u017c  PLN  (Nota  1.2  Zasady  rachunkowo\u015bci)  oraz  zyski  i  straty  aktuarialne  z  wyceny program\u00f3w  okre\u015blonych  \u015bwiadcze\u0144  pracowniczych  po  okresie  zatrudnienia  po  pomniejszeniu  o efekt  podatku odroczonego (Cz\u0119\u015b\u0107 11 Zasady rachunkowo\u015bci). Zyski  zatrzymane  stanowi\u0105  sum\u0119  zysku  roku  bie\u017c\u0105cego  oraz  zakumulowanych  zysk\u00f3w  z  lat  poprzednich,  kt\u00f3re  nie zosta\u0142y  wyp\u0142acone  w formie  dywidendy,  ale  zosta\u0142y  przekazane  na  powi\u0119kszenie  kapita\u0142u  zapasowego  lub s\u0105 niepodzielone. Nota 8.2.2 Zmiany pozosta\u0142ych kapita\u0142\u00f3w  Kapita\u0142 z tytu\u0142u wyceny instrument\u00f3w finansowych Inwestycje w instrumenty kapita\u0142owe wyceniane w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody Kapita\u0142 z tytu\u0142u wyceny instrument\u00f3w finansowych zabezpieczaj\u0105cych przysz\u0142e przep\u0142ywy pieni\u0119\u017cne Razem kapita\u0142 z tytu\u0142u wyceny instrument\u00f3w finansowych Zyski / (straty) aktuarialne z tytu\u0142u wyceny program\u00f3w okre\u015blonych \u015bwiadcze\u0144 po okresie zatrudnienia R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie funkcjonalnej innej ni\u017c PLN Zyski zatrzymane Stan na 1 stycznia 2021 r. ( 432) ( 998) (1 430) ( 962) 2 690 18 694 Transakcje z w\u0142a\u015bcicielami - Dywidenda - - - - - ( 300) Zysk netto  - - - - - 6 156            Zyski z tytu\u0142u zmiany warto\u015bci godziwej aktyw\u00f3w finansowych wycenianych              w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody  22* - 22 - - - Nota 7.2              Wp\u0142yw zawartych skutecznych transakcji zabezpieczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne - (2 431) (2 431) - - - Nota 7.2 Kwota przeniesiona do wyniku finansowego z tytu\u0142u rozliczenia             instrument\u00f3w zabezpieczaj\u0105cych - 2 064 2 064 - - - Nota 11.2              Zyski aktuarialne z tytu\u0142u wyceny \u015bwiadcze\u0144 po okresie zatrudnienia - - - 694 - - Nota 1.2             R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie              funkcjonalnej innej ni\u017c PLN - - - - ( 71) - Nota 5.1.1            Podatek odroczony  - 70 70 ( 132) - - Pozosta\u0142e ca\u0142kowite dochody   22 ( 297) ( 275) 562 ( 71) - \u0141\u0105czne ca\u0142kowite dochody  22 ( 297) ( 275) 562 ( 71) 6 156 Reklasyfikacja wyniku ze zbycia instrument\u00f3w kapita\u0142owych wycenianych w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody - - - - - ( 18) Stan na dzie\u0144  31 grudnia 2021 r. ( 410) (1 295) (1 705) ( 400) 2 619 24 532 Transakcje z w\u0142a\u015bcicielami - Dywidenda - - - - - ( 600) Zysk netto  - - - - - 4 772           Straty z tytu\u0142u zmiany warto\u015bci godziwej aktyw\u00f3w finansowych wycenianych             w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochody ( 95) - ( 95) - - - Nota 7.2             Wp\u0142yw zawartych skutecznych transakcji zabezpieczaj\u0105cych przep\u0142ywy pieni\u0119\u017cne - 1 239 1 239 - - - Nota 7.2 Kwota przeniesiona do wyniku finansowego z tytu\u0142u rozliczenia instrument\u00f3w            zabezpieczaj\u0105cych - 432 432 - - - Nota 11.2             Straty aktuarialne z tytu\u0142u wyceny \u015bwiadcze\u0144 po okresie zatrudnienia - - - ( 422) - - Nota 1.2            R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie             funkcjonalnej innej ni\u017c PLN - - - - ( 65) - Nota 5.1.1           Podatek odroczony   19 ( 317) ( 298) 80 - - Pozosta\u0142e ca\u0142kowite dochody  ( 76) 1 354 1 278 ( 342) ( 65) - \u0141\u0105czne ca\u0142kowite dochody ( 76) 1 354 1 278 ( 342) ( 65) 4 772 Stan na dzie\u0144  31 grudnia 2022 r. ( 486) 59 ( 427) ( 742) 2 554 28 704  *W pozosta\u0142ych ca\u0142kowitych dochodach uj\u0119to 18 mln PLN z tytu\u0142u reklasyfikacji wyniku ze zbycia instrument\u00f3w kapita\u0142owych wycenianych w warto\u015bci godziwej przez pozosta\u0142e ca\u0142kowite dochodyNa  podstawie Ustawy  z  dnia 15  wrze\u015bnia 2000  r.  Kodeks Sp\u00f3\u0142ek  Handlowych Jednostka  Dominuj\u0105ca  jest  zobowi\u0105zana do tworzenia  obowi\u0105zkowych  odpis\u00f3w  z  zysku  na  kapita\u0142  zapasowy  w  celu  pokrycia  ewentualnych  (przysz\u0142ych) lub istniej\u0105cych  strat  w  wysoko\u015bci  co  najmniej  8%  zysku  za  dany  rok  obrotowy,  a\u017c  do  czasu,  gdy  warto\u015b\u0107  kapita\u0142u zapasowego osi\u0105gnie poziom co najmniej 1/3 kapita\u0142u zak\u0142adowego zarejestrowanego. Tak utworzony kapita\u0142 zapasowy nie podlega podzia\u0142owi, mo\u017ce by\u0107 wykorzystany wy\u0142\u0105cznie na pokrycie straty wykazanej w sprawozdaniu finansowym. Na  dzie\u0144  31  grudnia  2022  r.  kapita\u0142  zapasowy  z  tytu\u0142u  obowi\u0105zkowego  odpisu  dokonanego  przez  jednostki  Grupy Kapita\u0142owej wynosi\u0142 806 mln PLN, z tego 667 mln PLN dotyczy Jednostki Dominuj\u0105cej, uj\u0119ty jest w zyskach zatrzymanych. Informacje dotycz\u0105ce wyp\u0142aconej dywidendy zawarto w Nocie 12.2. ",
   "dimensions": {
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    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
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   "value": "Nota 8.2.1 Kapita\u0142 akcyjny Na  dzie\u0144  31  grudnia 2022 r.  i na dzie\u0144 podpisania niniejszego sprawozdania kapita\u0142 zak\u0142adowy  Jednostki Dominuj\u0105cej, zgodnie  z  wpisem  do  Krajowego  Rejestru  S\u0105dowego,  wynosi\u0142  2  000  mln  PLN  i  dzieli\u0142  si\u0119  na  200 000 000  akcji  serii  A, w pe\u0142ni op\u0142aconych, o warto\u015bci nominalnej 10 PLN ka\u017cda. Wszystkie akcje s\u0105 akcjami na okaziciela. Jednostka Dominuj\u0105ca nie wyemitowa\u0142a akcji uprzywilejowanych. Ka\u017cda akcja daje prawo do jednego g\u0142osu na walnym zgromadzeniu. Jednostka Dominuj\u0105ca nie posiada akcji w\u0142asnych. Sp\u00f3\u0142ki zale\u017cne i sp\u00f3\u0142ki b\u0119d\u0105ce wsp\u00f3lnymi przedsi\u0119wzi\u0119ciami nie posiadaj\u0105 akcji KGHM Polska Mied\u017a S.A. W latach zako\u0144czonych 31 grudnia 2022 r. i 31 grudnia 2021 r. nie mia\u0142y miejsca zmiany wysoko\u015bci kapita\u0142u zak\u0142adowego zarejestrowanego i liczby akcji. Ponadto, w 2022 oraz 2021 roku nie wyst\u0105pi\u0142y zmiany w\u0142asno\u015bci znacznych pakiet\u00f3w akcji KGHM Polska Mied\u017a S.A. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej  na  dzie\u0144  31  grudnia  2022  r.,  ustalona  na  podstawie  zawiadomie\u0144 otrzymanych przez Jednostk\u0119  Dominuj\u0105c\u0105 w  oparciu o  art. 69  Ustawy o  ofercie  publicznej  i warunkach wprowadzania instrument\u00f3w  finansowych  do  zorganizowanego  systemu  obrotu  oraz  o  sp\u00f3\u0142kach  publicznych,  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Aviva Otwarty Fundusz Emerytalny Aviva Santander  10 039 684  100 396 840  5,02% Pozostali akcjonariusze  116 266 062  1 162 660 620  58,14% Razem  200 000 000  2 000 000 000  100,00% W  dniu  5  stycznia  2023  r.  Sp\u00f3\u0142ka  zosta\u0142a  poinformowana  o  po\u0142\u0105czeniu  sp\u00f3\u0142ek:  Powszechne  Towarzystwo  Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna (PTE Allianz Polska S.A.) oraz Aviva Powszechne Towarzystwo Emerytalne Aviva Santander Sp\u00f3\u0142ka Akcyjna. W wyniku po\u0142\u0105czenia \u0142\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez  PTE  Allianz Polska S.A.: Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz  Polska Otwarty Fundusz  Emerytalny  wyni\u00f3s\u0142  12 241  453  akcji  KGHM  Polska  Mied\u017a  S.A.,  stanowi\u0105cych  6,12%  udzia\u0142u  w  kapitale zak\u0142adowym Sp\u00f3\u0142ki. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej    na  dzie\u0144  podpisania  niniejszego  sprawozdania  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna* 12 241 453  122 414 530  6,12% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Pozostali akcjonariusze  114 064 293  1 140 642 930  57,04% Razem  200 000 000  2 000 000 000  100,00% *\u0141\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna:  Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz Polska Otwarty Fundusz Emerytalny ",
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    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-483": {
   "value": "Skarb Pa\u0144stwa",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-516": {
   "value": "Skarb Pa\u0144stwa",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-444": {
   "value": "Kapita\u0142 akcyjny wykazywany jest w warto\u015bci nominalnej. Nota 8.2.1 Kapita\u0142 akcyjny Na  dzie\u0144  31  grudnia 2022 r.  i na dzie\u0144 podpisania niniejszego sprawozdania kapita\u0142 zak\u0142adowy  Jednostki Dominuj\u0105cej, zgodnie  z  wpisem  do  Krajowego  Rejestru  S\u0105dowego,  wynosi\u0142  2  000  mln  PLN  i  dzieli\u0142  si\u0119  na  200 000 000  akcji  serii  A, w pe\u0142ni op\u0142aconych, o warto\u015bci nominalnej 10 PLN ka\u017cda. Wszystkie akcje s\u0105 akcjami na okaziciela. Jednostka Dominuj\u0105ca nie wyemitowa\u0142a akcji uprzywilejowanych. Ka\u017cda akcja daje prawo do jednego g\u0142osu na walnym zgromadzeniu. Jednostka Dominuj\u0105ca nie posiada akcji w\u0142asnych. Sp\u00f3\u0142ki zale\u017cne i sp\u00f3\u0142ki b\u0119d\u0105ce wsp\u00f3lnymi przedsi\u0119wzi\u0119ciami nie posiadaj\u0105 akcji KGHM Polska Mied\u017a S.A. W latach zako\u0144czonych 31 grudnia 2022 r. i 31 grudnia 2021 r. nie mia\u0142y miejsca zmiany wysoko\u015bci kapita\u0142u zak\u0142adowego zarejestrowanego i liczby akcji. Ponadto, w 2022 oraz 2021 roku nie wyst\u0105pi\u0142y zmiany w\u0142asno\u015bci znacznych pakiet\u00f3w akcji KGHM Polska Mied\u017a S.A. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej  na  dzie\u0144  31  grudnia  2022  r.,  ustalona  na  podstawie  zawiadomie\u0144 otrzymanych przez Jednostk\u0119  Dominuj\u0105c\u0105 w  oparciu o  art. 69  Ustawy o  ofercie  publicznej  i warunkach wprowadzania instrument\u00f3w  finansowych  do  zorganizowanego  systemu  obrotu  oraz  o  sp\u00f3\u0142kach  publicznych,  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Aviva Otwarty Fundusz Emerytalny Aviva Santander  10 039 684  100 396 840  5,02% Pozostali akcjonariusze  116 266 062  1 162 660 620  58,14% Razem  200 000 000  2 000 000 000  100,00% W  dniu  5  stycznia  2023  r.  Sp\u00f3\u0142ka  zosta\u0142a  poinformowana  o  po\u0142\u0105czeniu  sp\u00f3\u0142ek:  Powszechne  Towarzystwo  Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna (PTE Allianz Polska S.A.) oraz Aviva Powszechne Towarzystwo Emerytalne Aviva Santander Sp\u00f3\u0142ka Akcyjna. W wyniku po\u0142\u0105czenia \u0142\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez  PTE  Allianz Polska S.A.: Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz  Polska Otwarty Fundusz  Emerytalny  wyni\u00f3s\u0142  12 241  453  akcji  KGHM  Polska  Mied\u017a  S.A.,  stanowi\u0105cych  6,12%  udzia\u0142u  w  kapitale zak\u0142adowym Sp\u00f3\u0142ki. Struktura  akcjonariatu  Jednostki  Dominuj\u0105cej    na  dzie\u0144  podpisania  niniejszego  sprawozdania  przedstawia\u0142a  si\u0119 nast\u0119puj\u0105co: akcjonariusz liczba akcji/liczba g\u0142os\u00f3w \u0142\u0105czna warto\u015b\u0107 nominalna akcji (PLN) udzia\u0142 w kapitale zak\u0142adowym/ og\u00f3lnej liczbie g\u0142os\u00f3w Skarb Pa\u0144stwa  63 589 900  635 899 000  31,79% Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna* 12 241 453  122 414 530  6,12% Nationale-Nederlanden Otwarty Fundusz Emerytalny  10 104 354  101 043 540  5,05% Pozostali akcjonariusze  114 064 293  1 140 642 930  57,04% Razem  200 000 000  2 000 000 000  100,00% *\u0141\u0105cznie stan na rachunkach funduszy zarz\u0105dzanych przez Powszechne Towarzystwo Emerytalne Allianz Polska Sp\u00f3\u0142ka Akcyjna:  Allianz Otwarty Fundusz Emerytalny, Allianz Polska Dobrowolny Fundusz Emerytalny oraz Drugi Allianz Polska Otwarty Fundusz Emerytalny ",
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    "language": "pl",
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    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-381": {
   "value": "Nota 8.3 Polityka zarz\u0105dzania p\u0142ynno\u015bci\u0105 Za  zarz\u0105dzanie  p\u0142ynno\u015bci\u0105  finansow\u0105  w  Grupie  i  przestrzeganie  przyj\u0119tej  w  tym  zakresie  polityki  odpowiada  Zarz\u0105d Jednostki Dominuj\u0105cej. Podmiotem wspieraj\u0105cym Zarz\u0105d w tym zakresie jest Komitet P\u0142ynno\u015bci Finansowej.  Zarz\u0105dzanie  p\u0142ynno\u015bci\u0105  finansow\u0105  Grupy  odbywa  si\u0119  zgodnie  z  Polityk\u0105  Zarz\u0105dzania  P\u0142ynno\u015bci\u0105  Finansow\u0105  w Grupie KGHM.  Dokument  ten  opisuje  procesy  zarz\u0105dzania  p\u0142ynno\u015bci\u0105  finansow\u0105  w  Grupie,  kt\u00f3re  realizowane  s\u0105 przez  sp\u00f3\u0142ki Grupy, natomiast  organizacja i koordynacja oraz nadz\u00f3r nad ich realizacj\u0105 prowadzone s\u0105  w Jednostce Dominuj\u0105cej, przy wykorzystaniu odpowiednich procedur i instrument\u00f3w. Podstawowymi zasadami wynikaj\u0105cymi z dokumentu s\u0105: \u2022  zapewnienie stabilnego i efektywnego finansowania dzia\u0142alno\u015bci Grupy, \u2022  ci\u0105g\u0142e monitorowanie poziomu zad\u0142u\u017cenia Grupy, \u2022  efektywne zarz\u0105dzanie kapita\u0142em obrotowym, \u2022  koordynowanie przez Jednostk\u0119 Dominuj\u0105c\u0105 proces\u00f3w zarz\u0105dzania p\u0142ynno\u015bci\u0105 finansow\u0105 w sp\u00f3\u0142kach Grupy. Realizuj\u0105c  proces  zarz\u0105dzania  p\u0142ynno\u015bci\u0105,  Grupa  korzysta  z  narz\u0119dzi  wspieraj\u0105cych  jego  efektywno\u015b\u0107.  Jednym z  instrument\u00f3w  wykorzystywanych  przez  Grup\u0119  w  zakresie  obs\u0142ugi  bie\u017c\u0105cej  dzia\u0142alno\u015bci,  jest  us\u0142uga  zarz\u0105dzania \u015brodkami pieni\u0119\u017cnymi w grupie rachunk\u00f3w - cash pooling lokalny w PLN, USD i EUR oraz mi\u0119dzynarodowy w USD i CAD. Cash pooling  ma  na  celu  optymalizacj\u0119  zarz\u0105dzania  posiadanymi  \u015brodkami  pieni\u0119\u017cnymi,  ograniczenie  koszt\u00f3w odsetkowych, efektywne finansowanie bie\u017c\u0105cych potrzeb w zakresie finansowania kapita\u0142u obrotowego oraz wspieranie kr\u00f3tkoterminowej p\u0142ynno\u015bci finansowej w Grupie Kapita\u0142owej. W 2022 r. Grupa wprowadzi\u0142a modyfikacje w systemie cash poolingu w celu zoptymalizowania procesu wymiany walut przez krajowe sp\u00f3\u0142ki Grupy. Zmodyfikowany system zapewnia codzienne  (automatyczne) przewalutowania na PLN sald dodatnich i  ujemnych w  walutach EUR  i  USD na  rachunkach sp\u00f3\u0142ek  uczestnicz\u0105cych  w cash  poolingu. Celem  wsparcia bie\u017c\u0105cej  p\u0142ynno\u015bci  oraz  optymalizacji  us\u0142ugi,  Sp\u00f3\u0142ka  zawar\u0142a  z  bankiem,  w  kt\u00f3rym  funkcjonuje  system  cash  poolingu,  umow\u0119  kredytu  w  rachunku  bie\u017c\u0105cym  na  kwot\u0119  200  mln  PLN  z  okresem  dost\u0119pno\u015bci  do  dnia  15  maja  2023  r. z mo\u017cliwo\u015bci\u0105 wykorzystania w walutach: PLN, USD i EUR. Nota 8.3.1 Umowne terminy wymagalno\u015bci dla zobowi\u0105za\u0144 finansowych Zobowi\u0105zania finansowe - stan na 31 grudnia 2022 r. Umowne terminy wymagalno\u015bci  od ko\u0144ca okresu sprawozdawczego Okresy wymagalno\u015bci Razem (bez dyskonta) Warto\u015b\u0107 bilansowa do 3 m-cy powy\u017cej 3 do 12 m- cy powy\u017cej 1 roku do 3 lat powy\u017cej 3 lat Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w i po\u017cyczek  803 390 946 1 778 3 917 3 697 Zobowi\u0105zania z tytu\u0142u d\u0142u\u017cnych papier\u00f3w warto\u015bciowych - 174 699 2 093 2 966 2 002 Zobowi\u0105zania z tytu\u0142u leasingu  27 63 165 1 303 1 558 744 Zobowi\u0105zania wobec dostawc\u00f3w 3 013 11 26 344 3 394 3 210 Zobowi\u0105zania podobne - faktoring d\u0142u\u017cny  5 13 - - 18 18 Pochodne instrumenty finansowe - waluty* - 2 1 - 3 146 Pochodne instrumenty finansowe - metale*  13 26 1 - 40 395 Pochodne instrumenty finansowe - stopy procentowe - - 28 348 376 569 Wbudowane instrumenty pochodne  43 - - - 43 43 Pozosta\u0142e zobowi\u0105zania finansowe  120 38 51 7 216 211 Razem  4 024 717 1 917 5 873 12 531 11 035 *  Zobowi\u0105zania  finansowe  z  tytu\u0142u  instrument\u00f3w  pochodnych  stanowi\u0105  warto\u015b\u0107  wewn\u0119trzn\u0105  tych  instrument\u00f3w  bez  uwzgl\u0119dniania  czynnika dyskontowego.  Zobowi\u0105zania przeterminowane Okresy przeterminowania do 1 m-ca powy\u017cej 3 do 12 m-cy powy\u017cej 1 do 3 lat powy\u017cej 3 lat Razem/ Warto\u015b\u0107 bilansowa Zobowi\u0105zania  wobec dostawc\u00f3w  12 3 36 1 52Powy\u017csze tabele dotycz\u0105ce termin\u00f3w wymagalno\u015bci nie zawieraj\u0105 gwarancji finansowych na kwot\u0119 969 mln PLN, a kt\u00f3re s\u0105  wymagalne w  przypadku z\u0142amania warunk\u00f3w  umownych przez strony  kt\u00f3rym  udzielono  gwarancji a  co  do  kt\u00f3rych Grupa nie ma mo\u017cliwo\u015bci odroczenia p\u0142atno\u015bci, tzn. musi je sp\u0142aci\u0107 na zadanie w okresie do 3 m-cy. Szczeg\u00f3\u0142y dotycz\u0105ce gwarancji finansowych i termin\u00f3w ich wymagalno\u015bci zosta\u0142y opisane w Nocie 8.6. Zobowi\u0105zania finansowe - stan na 31 grudnia 2021 r. Umowne terminy wymagalno\u015bci  od ko\u0144ca okresu sprawozdawczego Okresy wymagalno\u015bci Razem (bez dyskonta) Warto\u015b\u0107 bilansowa do 3 m-cy powy\u017cej 3 do 12 m- cy powy\u017cej 1 roku do 3 lat powy\u017cej 3 lat Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w i po\u017cyczek  118 370 1 518 1 598 3 604 3 303 Zobowi\u0105zania z tytu\u0142u d\u0142u\u017cnych papier\u00f3w warto\u015bciowych - 84 561 1 910 2 555 2 001 Zobowi\u0105zania z tytu\u0142u leasingu  26 55 139 1 231 1 451 645 Zobowi\u0105zania wobec dostawc\u00f3w 2 749 118 25 353 3 245 3 106 Zobowi\u0105zania podobne - faktoring d\u0142u\u017cny  26 69 - - 95 95 Pochodne instrumenty finansowe - waluty* - 1 1 - 2 57 Pochodne instrumenty finansowe - metale*  144 611 313 - 1 068 1 514 Pochodne instrumenty finansowe - stopy procentowe - - 20 294 314 431 Wbudowane instrumenty pochodne  21 - - - 21 21 Pozosta\u0142e zobowi\u0105zania finansowe  242 16 22 13 293 292 Razem  3 326 1 324 2 599 5 399 12 648 11 465 *  Zobowi\u0105zania  finansowe  z  tytu\u0142u  instrument\u00f3w  pochodnych  stanowi\u0105  warto\u015b\u0107  wewn\u0119trzn\u0105  tych  instrument\u00f3w  bez  uwzgl\u0119dniania  czynnika dyskontowego. Okresy przeterminowania do 1 m-ca powy\u017cej 3 do 12 m-cy powy\u017cej 1 do 3 lat powy\u017cej 3 lat Razem/ Warto\u015b\u0107 bilansowa Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w i po\u017cyczek  - 1 7 3 11Zobowi\u0105zania  wobec dostawc\u00f3w  29 1 21 1 52Zobowi\u0105zania przeterminowane ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "Nota 8.4 Zad\u0142u\u017cenie Nota 8.4.1 D\u0142ug netto Stan na 31.12.2022 Stan na 31.12.2021 Kredyty bankowe   573 703 Po\u017cyczki 1 987 2 198 D\u0142u\u017cne papiery warto\u015bciowe 2 000 2 000 Leasing  660 574 Nota 7.1 Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia d\u0142ugoterminowego 5 220 5 475 Kredyty bankowe   690 32 Po\u017cyczki  447 370 D\u0142u\u017cne papiery warto\u015bciowe  2 1 Leasing  84 71 Nota 7.1 Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia kr\u00f3tkoterminowego 1 223 474 Razem zad\u0142u\u017cenie, z tego: 6 443 5 949 wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 85 wykazane jako \u201ezobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu  oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych\" 6 443 5 864 Nota 8.5 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 179 1 880 D\u0142ug netto 5 264 4 069 Zad\u0142u\u017cenie  z  tytu\u0142u  kredyt\u00f3w,  po\u017cyczek,  d\u0142u\u017cnych  papier\u00f3w  warto\u015bciowych  i  leasingu  w  podziale  na  waluty (w przeliczeniu na PLN) wed\u0142ug rodzaju stopy procentowej Stan na 31.12.2022 Stan na 31.12.2021 PLN/WIBOR 2 069 2 133 EUR/EURIBOR 16 20 EUR/sta\u0142e 32 63 USD/USD LIBOR 528 (16) PLN/sta\u0142e 794 694 USD/sta\u0142e 2 961 3 004 CAD/sta\u0142e 41 49 pozosta\u0142e 2 2 Razem 6 443 5 949 Na  dzie\u0144  31  grudnia  2022  r.  zad\u0142u\u017cenie  Grupy  z  tytu\u0142u  zaci\u0105gni\u0119tych  kredyt\u00f3w,  po\u017cyczek,  wyemitowanych  d\u0142u\u017cnych papier\u00f3w  warto\u015bciowych  oraz  leasingu  w  przeliczeniu  na  PLN  wynios\u0142o  6  443  mln  PLN,  w  podziale  na  waluty  tj. Zasady rachunkowo\u015bci  Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej pomniejszonej (w przypadku zap\u0142aty)  lub powi\u0119kszonej (w przypadku naliczenia) o koszty transakcyjne stanowi\u0105ce integraln\u0105 cz\u0119\u015b\u0107 zaci\u0105gni\u0119tego finansowania i wycenia  si\u0119  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  wed\u0142ug  zamortyzowanego  kosztu  z  zastosowaniem  metody efektywnej  stopy  procentowej.  Naliczone  odsetki  odnoszone  s\u0105  do  koszt\u00f3w  finansowych,  chyba  \u017ce  podlegaj\u0105 kapitalizacji w warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych lub warto\u015bciach niematerialnych.  Nota 8.4.2 Zmiana d\u0142ugu netto Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia Stan na  31.12.2021 Przep\u0142ywy  \u015brodk\u00f3w  pieni\u0119\u017cnych  Odsetki  naliczone R\u00f3\u017cnice  kursowe Inne  zmiany Stan na  31.12.2022 Kredyty  735 530 68 ( 25) (45)* 1 263 Po\u017cyczki 2 568 ( 417) 79 206 ( 2) 2 434 D\u0142u\u017cne papiery warto\u015bciowe 2 001 ( 130) 131 - - 2 002 Leasing  645 ( 93) 33 - 159** 744 Razem zad\u0142u\u017cenie 5 949 ( 110) 311 181 112 6 443 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 880 ( 701) - - - 1 179 D\u0142ug netto 4 069 591 311 181 112 5 264 * W tym (60) mln PLN stan na dzie\u0144 utraty kontroli nad jednostkami zale\u017cnymi.  ** W tym 165 mln PLN modyfikacje i zwarcie nowych um\u00f3w leasingowych. Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia Stan na  31.12.2020 Przep\u0142ywy  \u015brodk\u00f3w  pieni\u0119\u017cnych  Odsetki  naliczone R\u00f3\u017cnice  kursowe Inne  zmiany Stan na  31.12.2021 Kredyty 1 994 (1 470) 62 150 ( 1) 735 Po\u017cyczki 2 685 ( 388) 79 190 2 2 568 D\u0142u\u017cne papiery warto\u015bciowe 2 000 ( 36) 37 - - 2 001 Leasing  656 ( 100) 31 - 58 645 Razem zad\u0142u\u017cenie 7 335 (1 994) 209 340 59 5 949 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 2 501 ( 621) - - - 1 880 D\u0142ug netto 4 834 (1 373) 209 340 59 4 069 D\u0142u\u017cne papiery warto\u015bciowe Program emisji obligacji Jednostki Dominuj\u0105cej na rynku polskim ustanowiony umow\u0105 emisyjn\u0105 z dnia 27 maja 2019 r.  Emisja o warto\u015bci nominalnej 2 000 mln PLN zosta\u0142a przeprowadzona w dniu 27 czerwca 2019 r., w ramach kt\u00f3rej zosta\u0142y wyemitowane obligacje 5-letnie na kwot\u0119 400 mln PLN z terminem wykupu up\u0142ywaj\u0105cym 27 czerwca 2024 r. oraz obligacje 10-letnie na kwot\u0119 1 600 mln PLN z terminem wykupu 27 czerwca 2029 r.  Warto\u015b\u0107 nominalna jednej obligacji wynosi 1 000 PLN, cena  emisyjna jest r\u00f3wna warto\u015bci nominalnej. Oprocentowanie obligacji oparte jest na zmiennej stopie procentowej WIBOR powi\u0119kszonej o mar\u017c\u0119. \u015arodki pozyskane z emisji obligacji przeznaczone s\u0105 na finansowanie og\u00f3lnych cel\u00f3w korporacyjnych.    2022  2022  2021 Warto\u015b\u0107 nominalna emisji  Kwota zobowi\u0105zania Kwota zobowi\u0105zania    2 000 2 002 2 001 Razem kredyty,  po\u017cyczki i d\u0142u\u017cne papiery warto\u015bciowe 15 386 5 699 5 320 Prowizja przygotowawcza pomniejszaj\u0105ca zobowi\u0105zanie z tytu\u0142u wykorzystania kredyt\u00f3w - (16) Warto\u015b\u0107 bilansowa zobowi\u0105za\u0144  z tytu\u0142u kredyt\u00f3w, po\u017cyczek i d\u0142u\u017cnych papier\u00f3w warto\u015bciowych 5 699 5 304 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-382": {
   "value": "Nota 8.4 Zad\u0142u\u017cenie Nota 8.4.1 D\u0142ug netto Stan na 31.12.2022 Stan na 31.12.2021 Kredyty bankowe   573 703 Po\u017cyczki 1 987 2 198 D\u0142u\u017cne papiery warto\u015bciowe 2 000 2 000 Leasing  660 574 Nota 7.1 Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia d\u0142ugoterminowego 5 220 5 475 Kredyty bankowe   690 32 Po\u017cyczki  447 370 D\u0142u\u017cne papiery warto\u015bciowe  2 1 Leasing  84 71 Nota 7.1 Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia kr\u00f3tkoterminowego 1 223 474 Razem zad\u0142u\u017cenie, z tego: 6 443 5 949 wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 85 wykazane jako \u201ezobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu  oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych\" 6 443 5 864 Nota 8.5 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 179 1 880 D\u0142ug netto 5 264 4 069 Zad\u0142u\u017cenie  z  tytu\u0142u  kredyt\u00f3w,  po\u017cyczek,  d\u0142u\u017cnych  papier\u00f3w  warto\u015bciowych  i  leasingu  w  podziale  na  waluty (w przeliczeniu na PLN) wed\u0142ug rodzaju stopy procentowej Stan na 31.12.2022 Stan na 31.12.2021 PLN/WIBOR 2 069 2 133 EUR/EURIBOR 16 20 EUR/sta\u0142e 32 63 USD/USD LIBOR 528 (16) PLN/sta\u0142e 794 694 USD/sta\u0142e 2 961 3 004 CAD/sta\u0142e 41 49 pozosta\u0142e 2 2 Razem 6 443 5 949 Na  dzie\u0144  31  grudnia  2022  r.  zad\u0142u\u017cenie  Grupy  z  tytu\u0142u  zaci\u0105gni\u0119tych  kredyt\u00f3w,  po\u017cyczek,  wyemitowanych  d\u0142u\u017cnych papier\u00f3w  warto\u015bciowych  oraz  leasingu  w  przeliczeniu  na  PLN  wynios\u0142o  6  443  mln  PLN,  w  podziale  na  waluty  tj. Zasady rachunkowo\u015bci  Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej pomniejszonej (w przypadku zap\u0142aty)  lub powi\u0119kszonej (w przypadku naliczenia) o koszty transakcyjne stanowi\u0105ce integraln\u0105 cz\u0119\u015b\u0107 zaci\u0105gni\u0119tego finansowania i wycenia  si\u0119  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  wed\u0142ug  zamortyzowanego  kosztu  z  zastosowaniem  metody efektywnej  stopy  procentowej.  Naliczone  odsetki  odnoszone  s\u0105  do  koszt\u00f3w  finansowych,  chyba  \u017ce  podlegaj\u0105 kapitalizacji w warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych lub warto\u015bciach niematerialnych. 793 mln USD,  2  863  mln  PLN,  10  mln  EUR,  13  mln  CAD  oraz  w  pozosta\u0142ych  walutach  w  wysoko\u015bci  2  mln  PLN  (na 31 grudnia 2021 r. zad\u0142u\u017cenie w przeliczeniu na PLN wynios\u0142o 5 949 mln PLN, w podziale na waluty tj. 736 mln USD, 2 827 mln PLN, 18 mln EUR, 15 mln CAD oraz w pozosta\u0142ych walutach w wysoko\u015bci 2 mln PLN). Na dzie\u0144 31 grudnia 2022 r. saldo zobowi\u0105za\u0144 handlowych przekazanych przez Grup\u0119 do faktoringu d\u0142u\u017cnego wynios\u0142o 18 mln PLN (na dzie\u0144 31 grudnia 2021 r. 95 mln PLN). Zobowi\u0105zania handlowe przekazane do faktoringu d\u0142u\u017cnego s\u0105 prezentowane w sprawozdaniu z sytuacji finansowej jako \u201eZobowi\u0105zania wobec dostawc\u00f3w i podobne\u201d i mieszcz\u0105 si\u0119 w kategorii \u201epodobne\u201d, gdy\u017c z uwagi na znacz\u0105cy os\u0105d Grupy Kapita\u0142owej  przedstawiony  w  Nocie  10.4  niniejszego  skonsolidowanego  sprawozdania  finansowego,  taka  prezentacja najlepiej odzwierciedla charakter tych transakcji. Struktura  zad\u0142u\u017cenia  potwierdza  skuteczn\u0105  realizacj\u0119  strategii  Grupy,  ukierunkowanej  na  zapewnienie  d\u0142ugookresowej stabilno\u015bci  finansowej  poprzez  oparcie  struktury  finansowania  na  zdywersyfikowanych  i  d\u0142ugoterminowych  \u017ar\u00f3d\u0142ach finansowania. Nota 8.4.2 Zmiana d\u0142ugu netto Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia Stan na  31.12.2021 Przep\u0142ywy  \u015brodk\u00f3w  pieni\u0119\u017cnych  Odsetki  naliczone R\u00f3\u017cnice  kursowe Inne  zmiany Stan na  31.12.2022 Kredyty  735 530 68 ( 25) (45)* 1 263 Po\u017cyczki 2 568 ( 417) 79 206 ( 2) 2 434 D\u0142u\u017cne papiery warto\u015bciowe 2 001 ( 130) 131 - - 2 002 Leasing  645 ( 93) 33 - 159** 744 Razem zad\u0142u\u017cenie 5 949 ( 110) 311 181 112 6 443 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 880 ( 701) - - - 1 179 D\u0142ug netto 4 069 591 311 181 112 5 264 * W tym (60) mln PLN stan na dzie\u0144 utraty kontroli nad jednostkami zale\u017cnymi.  ** W tym 165 mln PLN modyfikacje i zwarcie nowych um\u00f3w leasingowych. Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia Stan na  31.12.2020 Przep\u0142ywy  \u015brodk\u00f3w  pieni\u0119\u017cnych  Odsetki  naliczone R\u00f3\u017cnice  kursowe Inne  zmiany Stan na  31.12.2021 Kredyty 1 994 (1 470) 62 150 ( 1) 735 Po\u017cyczki 2 685 ( 388) 79 190 2 2 568 D\u0142u\u017cne papiery warto\u015bciowe 2 000 ( 36) 37 - - 2 001 Leasing  656 ( 100) 31 - 58 645 Razem zad\u0142u\u017cenie 7 335 (1 994) 209 340 59 5 949 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 2 501 ( 621) - - - 1 880 D\u0142ug netto 4 834 (1 373) 209 340 59 4 069 Uzgodnienie przep\u0142ywu \u015brodk\u00f3w pieni\u0119\u017cnych uj\u0119tych w zmianie d\u0142ugu netto do skonsolidowanego sprawozdania z przep\u0142yw\u00f3w pieni\u0119\u017cnych  od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 I. Dzia\u0142alno\u015b\u0107 finansowa  104 (1 872) Wp\u0142ywy z tytu\u0142u zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek  677 358 Sp\u0142ata kredyt\u00f3w i po\u017cyczek ( 425) (2 078) Sp\u0142ata zobowi\u0105za\u0144 z tytu\u0142u leasingu ( 59) ( 67) Sp\u0142ata odsetek z tytu\u0142u kredyt\u00f3w, po\u017cyczek, d\u0142u\u017cnych papier\u00f3w warto\u015bciowych ( 79) ( 70) Sp\u0142ata odsetek z tytu\u0142u leasingu ( 10) ( 15) II. Dzia\u0142alno\u015b\u0107 inwestycyjna ( 214) ( 122) Zap\u0142acone aktywowane odsetki od zad\u0142u\u017cenia ( 214) ( 122) III. Zmiana staniu wolnych \u015brodk\u00f3w pieni\u0119\u017cnych ( 701) ( 621) RAZEM (I+II-III)  591 (1 373) Z istniej\u0105cym zad\u0142u\u017ceniem wi\u0105\u017ce si\u0119 ryzyko kursowe oraz ryzyko stopy procentowej. Opis ekspozycji na ryzyka finansowe znajduje si\u0119 w Nocie 7.5. Nota 8.4.3 Szczeg\u00f3\u0142y dotycz\u0105ce g\u0142\u00f3wnych \u017ar\u00f3de\u0142 zad\u0142u\u017cenia zewn\u0119trznego Na  dzie\u0144  31  grudnia  2022  r.  Grupa  posiada\u0142a  otwarte  linie  kredytowe,  po\u017cyczki  oraz  d\u0142u\u017cne  papiery  warto\u015bciowe z \u0142\u0105cznym  saldem  udzielonego  finansowania  w r\u00f3wnowarto\u015bci  15  386  mln  PLN,  w  ramach  kt\u00f3rego  wykorzystano 5 699 mln PLN (na dzie\u0144 31 grudnia 2021 r. Grupa posiada\u0142a otwarte linie kredytowe oraz po\u017cyczki inwestycyjne z \u0142\u0105cznym saldem dost\u0119pnego finansowania w wysoko\u015bci 14 505 mln PLN, w ramach kt\u00f3rego wykorzystano  5 304  mln PLN). Poni\u017csze zestawienie prezentuje struktur\u0119 \u017ar\u00f3de\u0142 finansowania. Niezabezpieczony odnawialny kredyt konsorcjalny Kredyt na kwot\u0119 1 500 mln USD (6 603 mln PLN), uzyskany na podstawie umowy o finansowanie zawartej przez Jednostk\u0119 Dominuj\u0105c\u0105 z konsorcjum bank\u00f3w w 2019 r. z terminem zapadalno\u015bci 19 grudnia 2024 r. z opcj\u0105 przed\u0142u\u017cenia na kolejne 2  lata  (5+1+1).  W  latach  2020-2021  Jednostka  Dominuj\u0105ca  uzyska\u0142a  zgod\u0119  Uczestnik\u00f3w  Konsorcjum  na  wyd\u0142u\u017cenie terminu umowy \u0142\u0105cznie o 2 lata, tj. do  dnia  20 grudnia 2026 r.  Limit dost\u0119pnego finansowania w okresie  przed\u0142u\u017cenia b\u0119dzie  wynosi\u0142  1 438  mln  USD  (6  330  mln  PLN).  \u015arodki  pozyskane  w  ramach  udzielonego  kredytu  przeznaczone s\u0105 na finansowanie og\u00f3lnych cel\u00f3w korporacyjnych. Oprocentowanie oparte jest o stawk\u0119 LIBOR powi\u0119kszon\u0105 o mar\u017c\u0119 banku, kt\u00f3ra uzale\u017cniona jest od wska\u017anika finansowego d\u0142ug netto/EBITDA. Umowa kredytowa nak\u0142ada na Grup\u0119 obowi\u0105zek utrzymania kowenantu finansowego oraz kowenant\u00f3w niefinansowych. Parametry finansowania s\u0105 zgodne ze standardowymi warunkami dla tego typu transakcji. Zgodnie z zapisami umownymi Jednostka  Dominuj\u0105ca  ma  obowi\u0105zek  raportowania  poziomu  kowenantu  finansowego  na  okresy  sprawozdawcze, tj. na dzie\u0144  30  czerwca  oraz  31  grudnia.  Jednostka  Dominuj\u0105ca  na  bie\u017c\u0105co  monitoruje  ryzyko  przekroczenia  poziomu kowenantu  finansowego  zawartego  w  umowie  kredytu.  Na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy,  w  trakcie  roku obrotowego  oraz  po  dniu  ko\u0144cz\u0105cym  okres  sprawozdawczy,  do  dnia  publikacji  niniejszego  skonsolidowanego sprawozdania finansowego, warto\u015b\u0107 kowenantu finansowego obj\u0119tego obowi\u0105zkiem raportowania na dzie\u0144 30 czerwca 2022 r. oraz 31 grudnia 2022 r., spe\u0142nia\u0142a zapisy zawarte w umowie. W  2022  r.  Grupa  dokona\u0142a  zmiany  os\u0105du  w  zakresie  ujmowania  prowizji  przygotowawczej  i  uzna\u0142a,  \u017ce  prowizja przygotowawcza  zap\u0142acona  w  zwi\u0105zku  z  zawarciem  umowy  o  udost\u0119pnienie  finansowania  w  postaci  odnawialnego kredytu  stanowi  zap\u0142at\u0119  za  korzy\u015b\u0107  Grupy  w  postaci  uzyskanego  dost\u0119pu  do  finansowania  na  ustalonych i zaakceptowanych przez Grup\u0119 warunkach, a nie koszt zaci\u0105ganych w ramach tej umowy zobowi\u0105za\u0144 finansowych. Tym samym,  niezamortyzowana  warto\u015b\u0107  prowizji  przygotowawczej  zosta\u0142a  uj\u0119ta  jako  sk\u0142adnik  aktyw\u00f3w  i  przeksi\u0119gowana w sprawozdaniu z  sytuacji  finansowej  na  rozliczenia mi\u0119dzyokresowe  koszt\u00f3w  (odpowiednio kr\u00f3tko  i  d\u0142ugoterminowe) i w dalszym ci\u0105gu jest rozliczana liniowo do wyniku finansowego w okresie do ko\u0144ca obowi\u0105zywania umowy o odnawialny kredyt konsorcjalny. 2022  2022  2021 Kwota udzielonego finansowania Kwota zobowi\u0105zania Kwota zobowi\u0105zania    6 603 528 - Prowizja przygotowawcza - (14) Warto\u015b\u0107 bilansowa zobowi\u0105zania z tytu\u0142u kredytu 528 (14) Po\u017cyczki inwestycyjne Po\u017cyczki, w tym po\u017cyczki udzielone Jednostce Dominuj\u0105cej przez Europejski Bank Inwestycyjny na \u0142\u0105czn\u0105 kwot\u0119 3 340 mln PLN: 1.  Po\u017cyczka inwestycyjna w wysoko\u015bci 2 000 mln PLN zaci\u0105gni\u0119ta w trzech transzach z terminami sp\u0142aty up\u0142ywaj\u0105cymi dnia 30 pa\u017adziernika 2026 r., 30 sierpnia 2028 r.  oraz 23 maja 2029 r. i wykorzystana w pe\u0142nym zakresie dost\u0119pnego limitu.  \u015arodki pozyskane  w  ramach po\u017cyczki  zosta\u0142y  przeznaczone  na  finansowanie  realizowanych  przez Jednostk\u0119 Dominuj\u0105c\u0105  projekt\u00f3w  inwestycyjnych  zwi\u0105zanych  z  modernizacj\u0105  hutnictwa  oraz  rozbudow\u0105  obiektu unieszkodliwiania odpad\u00f3w  wydobywczych \u201e\u017belazny Most\u201d. Oprocentowanie transz po\u017cyczki oparte jest o sta\u0142\u0105 stop\u0119 procentow\u0105 . 2.  Po\u017cyczka  inwestycyjna  w  wysoko\u015bci  1  340  mln  PLN  udzielona  w  grudniu  2017  r.  z terminem  finansowania  12  lat. W ramach udzielonej  po\u017cyczki  Jednostka  Dominuj\u0105ca  zaci\u0105gn\u0119\u0142a  trzy  transze z  terminami sp\u0142aty up\u0142ywaj\u0105cymi dnia  28 czerwca 2030 r., 23 kwietnia 2031 r. oraz 11 wrze\u015bnia 2031 r. Termin dost\u0119pno\u015bci niewykorzystanej kwoty po\u017cyczki w wysoko\u015bci 440 mln PLN, o kt\u00f3r\u0105 w czerwcu 2021 r. zosta\u0142a zwi\u0119kszona kwota udzielonego Jednostce Dominuj\u0105cej finansowania,  up\u0142ynie  w  kwietniu  2023  r.  \u015arodki  pozyskane  w  ramach  udzielonej  po\u017cyczki  s\u0105  przeznaczone na finansowanie realizowanych przez Jednostk\u0119 Dominuj\u0105c\u0105 projekt\u00f3w o charakterze rozwojowym i odtworzeniowym na r\u00f3\u017cnych etapach ci\u0105gu technologicznego. Oprocentowanie transz po\u017cyczki oparte jest o sta\u0142\u0105 stop\u0119 procentow\u0105. Umowy  po\u017cyczek  z  Europejskiego  Banku  Inwestycyjnego  nak\u0142adaj\u0105  na  Grup\u0119  obowi\u0105zek  utrzymania  kowenantu finansowego  oraz  kowenant\u00f3w  niefinansowych  standardowo  stosowanych  w  tego  typu  umowach.  Zgodnie  z zapisami umownymi  Jednostka  Dominuj\u0105ca  ma  obowi\u0105zek  raportowania  poziomu  kowenantu  finansowego  na  okresy sprawozdawcze,  tj.  na  dzie\u0144  30 czerwca  oraz  31  grudnia.  Jednostka  Dominuj\u0105ca  na  bie\u017c\u0105co  monitoruje  ryzyko przekroczenia  poziom\u00f3w  kowenantu  finansowego  zawartych  w umowach  po\u017cyczek.  Na  dzie\u0144  ko\u0144cz\u0105cy  okres sprawozdawczy, w trakcie roku obrotowego oraz po dniu ko\u0144cz\u0105cym okres sprawozdawczy, do dnia publikacji niniejszego skonsolidowanego  sprawozdania  finansowego,  warto\u015b\u0107  kowenantu  finansowego  obj\u0119tego  obowi\u0105zkiem  raportowania na dzie\u0144 30 czerwca 2022 r. oraz 31 grudnia 2022 r., spe\u0142nia\u0142a zapisy zawarte w umowach po\u017cyczek. 2022  2022  2021  Kwota udzielonego finansowania Kwota zobowi\u0105zania Kwota zobowi\u0105zania  3 528 2 434 2 568 Pozosta\u0142e kredyty bankowe Kredyty  bilateralne  na  \u0142\u0105czn\u0105  kwot\u0119  3  255  mln  PLN  s\u0142u\u017c\u0105ce  finansowaniu  kapita\u0142u  obrotowego,  b\u0119d\u0105ce  narz\u0119dziem wspieraj\u0105cym  zarz\u0105dzanie  p\u0142ynno\u015bci\u0105  finansow\u0105  oraz  wspomagaj\u0105cym  finansowanie  realizowanych  przedsi\u0119wzi\u0119\u0107 inwestycyjnych.  Grupa  posiada  linie  kredytowe  w  ramach  zawartych  kr\u00f3tko  i  d\u0142ugoterminowych  um\u00f3w  kredytowych. \u015arodki finansowe w ramach otwartych linii kredytowych dost\u0119pne s\u0105 w walutach: PLN, USD oraz EUR, a oprocentowanie oparte jest na sta\u0142ej stopie procentowej lub zmiennej stopie procentowej WIBOR, LIBOR, EURIBOR powi\u0119kszonej o mar\u017c\u0119.    2022  2022  2021 Kwota udzielonego finansowania Kwota zobowi\u0105zania Kwota zobowi\u0105zania    3 255 735 751 Prowizja przygotowawcza - (2) Warto\u015b\u0107 bilansowa zobowi\u0105zania z tytu\u0142u kredyt\u00f3w 735 749 D\u0142u\u017cne papiery warto\u015bciowe Program emisji obligacji Jednostki Dominuj\u0105cej na rynku polskim ustanowiony umow\u0105 emisyjn\u0105 z dnia 27 maja 2019 r.  Emisja o warto\u015bci nominalnej 2 000 mln PLN zosta\u0142a przeprowadzona w dniu 27 czerwca 2019 r., w ramach kt\u00f3rej zosta\u0142y wyemitowane obligacje 5-letnie na kwot\u0119 400 mln PLN z terminem wykupu up\u0142ywaj\u0105cym 27 czerwca 2024 r. oraz obligacje 10-letnie na kwot\u0119 1 600 mln PLN z terminem wykupu 27 czerwca 2029 r.  Warto\u015b\u0107 nominalna jednej obligacji wynosi 1 000 PLN, cena  emisyjna jest r\u00f3wna warto\u015bci nominalnej. Oprocentowanie obligacji oparte jest na zmiennej stopie procentowej WIBOR powi\u0119kszonej o mar\u017c\u0119. \u015arodki pozyskane z emisji obligacji przeznaczone s\u0105 na finansowanie og\u00f3lnych cel\u00f3w korporacyjnych.    2022  2022  2021 Warto\u015b\u0107 nominalna emisji  Kwota zobowi\u0105zania Kwota zobowi\u0105zania    2 000 2 002 2 001 Razem kredyty,  po\u017cyczki i d\u0142u\u017cne papiery warto\u015bciowe 15 386 5 699 5 320 Prowizja przygotowawcza pomniejszaj\u0105ca zobowi\u0105zanie z tytu\u0142u wykorzystania kredyt\u00f3w - (16) Warto\u015b\u0107 bilansowa zobowi\u0105za\u0144  z tytu\u0142u kredyt\u00f3w, po\u017cyczek i d\u0142u\u017cnych papier\u00f3w warto\u015bciowych 5 699 5 304 Powy\u017csze  \u017ar\u00f3d\u0142a  zapewniaj\u0105  dost\u0119pno\u015b\u0107  finansowania  zewn\u0119trznego  w  kwocie 15 386 mln PLN.  Pozosta\u0142e do wykorzystania \u015brodki w pe\u0142ni zabezpieczaj\u0105 potrzeby p\u0142ynno\u015bciowe Grupy Kapita\u0142owej.  Kredyt konsorcjalny na kwot\u0119 1 500 mln USD (6 603 mln PLN), po\u017cyczki inwestycyjne na kwot\u0119 3 340 mln PLN, jak i kredyty bilateralne udzielone Jednostce Dominuj\u0105cej w kwocie 3 193 mln PLN s\u0105 niezabezpieczone.  Sp\u0142aty  cz\u0119\u015bci  zobowi\u0105za\u0144  pozosta\u0142ych  sp\u00f3\u0142ek  Grupy  z  tytu\u0142u  kredyt\u00f3w  bilateralnych  oraz  po\u017cyczek  obj\u0119te s\u0105 zabezpieczeniami w postaci o\u015bwiadcze\u0144 o poddaniu si\u0119 egzekucji, hipotek umownych, zastaw\u00f3w rejestrowych lub cesji wierzytelno\u015bci.  Warto\u015b\u0107  bilansowa  ustanowionych  zabezpiecze\u0144  sp\u0142aty  finansowania  zewn\u0119trznego  na  dzie\u0144 31 grudnia 2022  r.  wynios\u0142a  243  mln  PLN,  w  tym  warto\u015b\u0107  rzeczowych  aktyw\u00f3w  trwa\u0142ych  wynios\u0142a  117  mln  PLN  (na 31 grudnia 2021 r. 343 mln PLN, w tym warto\u015b\u0107 rzeczowych aktyw\u00f3w trwa\u0142ych wynios\u0142a 217 mln PLN). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "Nota 8.4 Zad\u0142u\u017cenie Nota 8.4.1 D\u0142ug netto Stan na 31.12.2022 Stan na 31.12.2021 Kredyty bankowe   573 703 Po\u017cyczki 1 987 2 198 D\u0142u\u017cne papiery warto\u015bciowe 2 000 2 000 Leasing  660 574 Nota 7.1 Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia d\u0142ugoterminowego 5 220 5 475 Kredyty bankowe   690 32 Po\u017cyczki  447 370 D\u0142u\u017cne papiery warto\u015bciowe  2 1 Leasing  84 71 Nota 7.1 Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia kr\u00f3tkoterminowego 1 223 474 Razem zad\u0142u\u017cenie, z tego: 6 443 5 949 wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 85 wykazane jako \u201ezobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu  oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych\" 6 443 5 864 Nota 8.5 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 179 1 880 D\u0142ug netto 5 264 4 069 Zad\u0142u\u017cenie  z  tytu\u0142u  kredyt\u00f3w,  po\u017cyczek,  d\u0142u\u017cnych  papier\u00f3w  warto\u015bciowych  i  leasingu  w  podziale  na  waluty (w przeliczeniu na PLN) wed\u0142ug rodzaju stopy procentowej Stan na 31.12.2022 Stan na 31.12.2021 PLN/WIBOR 2 069 2 133 EUR/EURIBOR 16 20 EUR/sta\u0142e 32 63 USD/USD LIBOR 528 (16) PLN/sta\u0142e 794 694 USD/sta\u0142e 2 961 3 004 CAD/sta\u0142e 41 49 pozosta\u0142e 2 2 Razem 6 443 5 949 Na  dzie\u0144  31  grudnia  2022  r.  zad\u0142u\u017cenie  Grupy  z  tytu\u0142u  zaci\u0105gni\u0119tych  kredyt\u00f3w,  po\u017cyczek,  wyemitowanych  d\u0142u\u017cnych papier\u00f3w  warto\u015bciowych  oraz  leasingu  w  przeliczeniu  na  PLN  wynios\u0142o  6  443  mln  PLN,  w  podziale  na  waluty  tj. Zasady rachunkowo\u015bci  Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci godziwej pomniejszonej (w przypadku zap\u0142aty)  lub powi\u0119kszonej (w przypadku naliczenia) o koszty transakcyjne stanowi\u0105ce integraln\u0105 cz\u0119\u015b\u0107 zaci\u0105gni\u0119tego finansowania i wycenia  si\u0119  na  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  wed\u0142ug  zamortyzowanego  kosztu  z  zastosowaniem  metody efektywnej  stopy  procentowej.  Naliczone  odsetki  odnoszone  s\u0105  do  koszt\u00f3w  finansowych,  chyba  \u017ce  podlegaj\u0105 kapitalizacji w warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych lub warto\u015bciach niematerialnych. Nota 9.7 Ujawnienia dotycz\u0105ce leasingu \u2013 Grupa jako leasingobiorca Zasady rachunkowo\u015bci Grupa jako leasingobiorca, identyfikuje leasing w umowach dotycz\u0105cych u\u017cytkowania m.in. nieruchomo\u015bci gruntowych, prawa  wieczystego  u\u017cytkowania  grunt\u00f3w,  s\u0142u\u017cebno\u015bci  przesy\u0142u,  urz\u0105dze\u0144  technicznych  i  maszyn  oraz  \u015brodk\u00f3w transportu. Grupa  stosuje  jednolity  model  uj\u0119cia  ksi\u0119gowego  leasingu,  kt\u00f3ry  zak\u0142ada  rozpoznanie  przez  leasingobiorc\u0119  aktyw\u00f3w z tytu\u0142u  prawa  do  u\u017cytkowania  i  zobowi\u0105za\u0144  z  tytu\u0142u  leasingu  zwi\u0105zanych  z  wszystkimi  umowami  leasingowymi, z uwzgl\u0119dnieniem zwolnie\u0144. Grupa nie ujmuje aktyw\u00f3w i zobowi\u0105za\u0144 z tytu\u0142u leasingu w odniesieniu do: \u2022  leasing\u00f3w kr\u00f3tkoterminowych - dotyczy um\u00f3w bez mo\u017cliwo\u015bci zakupu sk\u0142adnika aktyw\u00f3w, zawartych na okres kr\u00f3tszy  ni\u017c  12  miesi\u0119cy  od  momentu  rozpocz\u0119cia  umowy,  w  tym  um\u00f3w  zawartych  na  czas  nieokre\u015blony z kr\u00f3tkim  okresem  wypowiedzenia,  w  przypadku  kt\u00f3rych  nie  wyst\u0119puje  rozs\u0105dna  pewno\u015b\u0107,  i\u017c  Grupa  nie skorzysta z wypowiedzenia. \u2022  leasing\u00f3w, w kt\u00f3rych bazowy sk\u0142adnik aktyw\u00f3w ma nisk\u0105 warto\u015b\u0107.  W  przypadku  umowy,  kt\u00f3ra  jest  leasingiem  lub  zawiera  leasing,  Grupa  ujmuje  ka\u017cdy  element  leasingowy  w  ramach umowy jako leasing odr\u0119bnie od element\u00f3w nieleasingowych.  Grupa  okre\u015bla  okres  leasingu  jako  obejmuj\u0105cy  nieodwo\u0142ywalny  okres  umowy  leasingu,  \u0142\u0105cznie  z  okresami,  na  kt\u00f3re mo\u017cna  przed\u0142u\u017cy\u0107  leasing,  je\u017celi  mo\u017cna  z  wystarczaj\u0105c\u0105  pewno\u015bci\u0105  za\u0142o\u017cy\u0107,  \u017ce  Grupa  skorzysta  z  tego  prawa  oraz z okresami,  w  kt\u00f3rych  mo\u017cna  wypowiedzie\u0107  leasing,  je\u017celi  mo\u017cna  z  wystarczaj\u0105c\u0105  pewno\u015bci\u0105  za\u0142o\u017cy\u0107,  \u017ce  Grupa  nie skorzysta z tego prawa.  Sk\u0142adniki aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania oraz polityk\u0119 wyceny tych aktyw\u00f3w  przedstawia  Nota 9.1. Zobowi\u0105zanie  z  tytu\u0142u  leasingu  Grupa  wycenia  pocz\u0105tkowo  w  wysoko\u015bci  warto\u015bci  bie\u017c\u0105cej  op\u0142at  leasingowych pozostaj\u0105cych  do  zap\u0142aty  w  dacie  pocz\u0105tkowego  uj\u0119cia,  kt\u00f3re  obejmuj\u0105:  sta\u0142e  op\u0142aty  leasingowe,  zmienne  op\u0142aty leasingowe,  kt\u00f3re  zale\u017c\u0105  od  indeksu  lub  stawki,  kwoty,  kt\u00f3rych  zap\u0142aty  przez  leasingobiorc\u0119  oczekuje  si\u0119  w  ramach gwarantowanej warto\u015bci ko\u0144cowej, cen\u0119 wykonania opcji kupna je\u017celi jest rozs\u0105dnie pewne \u017ce leasingobiorca wykona opcj\u0119  oraz  kary  pieni\u0119\u017cne  za  wypowiedzenie  leasingu  je\u017celi  ustalony  okres  leasingu  ustalono  zak\u0142adaj\u0105c,  \u017ce leasingobiorca  wypowie  umow\u0119.  Do  sta\u0142ych  op\u0142at  leasingowych  Grupa  zalicza  r\u00f3wnie\u017c  op\u0142aty  z  tytu\u0142u  wy\u0142\u0105czenia grunt\u00f3w  z  produkcji  le\u015bnej  i  rolnej,  je\u017celi  dotycz\u0105  nieruchomo\u015bci  gruntowych  u\u017cytkowanych  na  podstawie  um\u00f3w stanowi\u0105cych leasing. Z op\u0142at leasingowych wy\u0142\u0105czone s\u0105 zmienne op\u0142aty ponoszone przez leasingobiorc\u0119 na rzecz leasingodawcy za prawo do u\u017cytkowania bazowego sk\u0142adnika aktyw\u00f3w w okresie leasingu, kt\u00f3re uzale\u017cnione s\u0105 od czynnik\u00f3w zewn\u0119trznych, inne ni\u017c op\u0142aty zale\u017cne od stawki lub indeksu.  Po dacie rozpocz\u0119cia leasingu Grupa wycenia warto\u015b\u0107 bilansow\u0105 zobowi\u0105zania z tytu\u0142u leasingu poprzez: - zwi\u0119kszenie z tytu\u0142u odsetek od zobowi\u0105zania z tytu\u0142u leasingu, - zmniejszenie z tytu\u0142u zap\u0142aconych op\u0142at leasingowych, - aktualizacj\u0119 z tytu\u0142u ponownej oceny lub modyfikacji umowy leasingu. Zobowi\u0105zania z tytu\u0142u leasingu zosta\u0142y zaprezentowane w Nocie 8. Stopa leasingowa -  op\u0142aty  leasingowe  Grupa dyskontuje kra\u0144cow\u0105 stop\u0105  procentow\u0105 leasingobiorcy, poniewa\u017c  stopy procentowej umowy leasingu z regu\u0142y nie mo\u017cna z \u0142atwo\u015bci\u0105 ustali\u0107.  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Identyfikacja komponent\u00f3w nieleasingowych W umowach dotycz\u0105cych najmu maszyn g\u00f3rniczych, opr\u00f3cz elementu leasingowego Grupa zidentyfikowa\u0142a komponenty nieleasingowe, zwi\u0105zane ze \u015bwiadczeniem us\u0142ug innych ni\u017c wynajem sk\u0142adnik\u00f3w aktyw\u00f3w. Do wydzielenia komponentu leasingowego  i  nieleasingowego  Grupa  zastosowa\u0142a  os\u0105d,  alokuj\u0105c  odpowiednio  wynagrodzenie  z  danej  umowy  na obydwa komponenty na podstawie wzgl\u0119dnej jednostkowej ceny elementu leasingowego oraz ca\u0142kowitej jednostkowej ceny element\u00f3w nieleasingowych.  Szacunek kra\u0144cowej stopy procentowej leasingu W celu obliczenia st\u00f3p dyskonta na potrzeby MSSF 16 Grupa przyjmuje, \u017ce stopa dyskonta powinna odzwierciedla\u0107 koszt finansowania, jakie by\u0142oby zaci\u0105gni\u0119te na zakup przedmiotu podlegaj\u0105cego leasingowi. Grupa kalkuluje kra\u0144cowe stopy procentowe  dla  poszczeg\u00f3lnych  zakres\u00f3w  czasowych  um\u00f3w  leasingowych  w  okresach  kwartalnych  i  stopa  ta  jest wykorzystywana  do  wyceny  zobowi\u0105za\u0144  leasingowych  powstaj\u0105cych  z  um\u00f3w  leasingowych  zawartych  lub zmodyfikowanych w trakcie danego kwarta\u0142u.  Poziom istotno\u015bci dla identyfikacji leasing\u00f3w aktyw\u00f3w o niskiej warto\u015bci sk\u0142adnika bazowego wynosi 20 000 PLN. Ujawnienia dotycz\u0105ce leasingu - Grupa jako leasingobiorca od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 9.1 Nota 9.2 Koszt amortyzacji  56 56 Nota 4.3  Koszt odsetek   9 13 Koszt zwi\u0105zany z leasingiem kr\u00f3tkoterminowym   7 6 Koszt zwi\u0105zany z umowami leasingowymi aktyw\u00f3w o niskiej warto\u015bci, kt\u00f3re nie s\u0105 umowami kr\u00f3tkoterminowymi  1 1 Koszt zwi\u0105zany ze zmiennymi op\u0142atami leasingowymi nieuj\u0119tymi w wycenie zobowi\u0105za\u0144 z tytu\u0142u leasingu  8 11 Nota 8.4.2 Ca\u0142kowity wyp\u0142yw \u015brodk\u00f3w pieni\u0119\u017cnych z tytu\u0142u leasingu  93 100 Nota 9.1 Nota 9.2 Zwi\u0119kszenia aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania   165 54 Stan na 31.12.2022 Stan na 31.12.2021 Nota 9.1 Nota 9.2 Warto\u015b\u0107 bilansowa aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania  (podzia\u0142 na klasy bazowego sk\u0142adnika aktyw\u00f3w  w notach zgodnie z referencj\u0105), z tego:  771 703   wykazane w ramach aktyw\u00f3w przeznaczonych        do sprzeda\u017cy (grupa zbycia) - 32   wykazane jako \u201erzeczowe i niematerialne aktywa g\u00f3rnicze        i hutnicze\" oraz \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"  771 671 Nota 8.4.2 Warto\u015b\u0107 bilansowa zobowi\u0105za\u0144 z tytu\u0142u prawa do u\u017cytkowania, z tego:  744 645   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych         z grup\u0105 zbycia  - 16   wykazane jako \u201ezobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek,         leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych\"   744 629 W roku 2022 Grupa nie dokona\u0142a transakcji sprzeda\u017cy i leasingu zwrotnego (w 2021 r. warto\u015b\u0107 transakcji z tego tytu\u0142u wynosi\u0142a  11  mln  PLN).  Celem  zawarcia  tych  transakcji  by\u0142o  pozyskanie  \u015brodk\u00f3w  na  finansowanie  bie\u017c\u0105cej  dzia\u0142alno\u015bci operacyjnej sp\u00f3\u0142ek zale\u017cnych Grupy. Grupa  na  dzie\u0144  31  grudnia  2022  r.  posiada  umowy  leasingowe,  kt\u00f3re  zawiera\u0142y  opcje  przed\u0142u\u017cenia  oraz  opcje wypowiedzenia,  a  warto\u015b\u0107  szacunkowa  przysz\u0142ych  wyp\u0142yw\u00f3w  pieni\u0119\u017cnych,  na  kt\u00f3re  Grupa  jest  potencjalnie  nara\u017cona i kt\u00f3re nie s\u0105 uwzgl\u0119dnione w wycenie zobowi\u0105za\u0144 z tytu\u0142u leasingu wynosi odpowiednio 19 mln PLN i 37 mln PLN (na dzie\u0144  31  grudnia  2021  r.  19  mln  PLN  i  41  mln  PLN).  Grupa  posiada  umowy  leasingowe  zawieraj\u0105ce  gwarantowane warto\u015bci  ko\u0144cowe,  zosta\u0142y  one  jednak  uwzgl\u0119dnione  w wycenie  zobowi\u0105za\u0144  z  tytu\u0142u  leasingu. Ponadto  Grupa  posiada nierozpocz\u0119te  jeszcze  umowy  z  tyt.  leasingu,  do  kt\u00f3rych  zobligowana  jest  jako  leasingobiorca,  a  warto\u015b\u0107  przysz\u0142ych wyp\u0142yw\u00f3w pieni\u0119\u017cnych z tego tytu\u0142u wynosi 10 mln PLN (na dzie\u0144 31 grudnia 2021 r. 59 mln PLN).  793 mln USD,  2  863  mln  PLN,  10  mln  EUR,  13  mln  CAD  oraz  w  pozosta\u0142ych  walutach  w  wysoko\u015bci  2  mln  PLN  (na 31 grudnia 2021 r. zad\u0142u\u017cenie w przeliczeniu na PLN wynios\u0142o 5 949 mln PLN, w podziale na waluty tj. 736 mln USD, 2 827 mln PLN, 18 mln EUR, 15 mln CAD oraz w pozosta\u0142ych walutach w wysoko\u015bci 2 mln PLN). Na dzie\u0144 31 grudnia 2022 r. saldo zobowi\u0105za\u0144 handlowych przekazanych przez Grup\u0119 do faktoringu d\u0142u\u017cnego wynios\u0142o 18 mln PLN (na dzie\u0144 31 grudnia 2021 r. 95 mln PLN). Zobowi\u0105zania handlowe przekazane do faktoringu d\u0142u\u017cnego s\u0105 prezentowane w sprawozdaniu z sytuacji finansowej jako \u201eZobowi\u0105zania wobec dostawc\u00f3w i podobne\u201d i mieszcz\u0105 si\u0119 w kategorii \u201epodobne\u201d, gdy\u017c z uwagi na znacz\u0105cy os\u0105d Grupy Kapita\u0142owej  przedstawiony  w  Nocie  10.4  niniejszego  skonsolidowanego  sprawozdania  finansowego,  taka  prezentacja najlepiej odzwierciedla charakter tych transakcji. Struktura  zad\u0142u\u017cenia  potwierdza  skuteczn\u0105  realizacj\u0119  strategii  Grupy,  ukierunkowanej  na  zapewnienie  d\u0142ugookresowej stabilno\u015bci  finansowej  poprzez  oparcie  struktury  finansowania  na  zdywersyfikowanych  i  d\u0142ugoterminowych  \u017ar\u00f3d\u0142ach finansowania. Nota 8.4.2 Zmiana d\u0142ugu netto Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia Stan na  31.12.2021 Przep\u0142ywy  \u015brodk\u00f3w  pieni\u0119\u017cnych  Odsetki  naliczone R\u00f3\u017cnice  kursowe Inne  zmiany Stan na  31.12.2022 Kredyty  735 530 68 ( 25) (45)* 1 263 Po\u017cyczki 2 568 ( 417) 79 206 ( 2) 2 434 D\u0142u\u017cne papiery warto\u015bciowe 2 001 ( 130) 131 - - 2 002 Leasing  645 ( 93) 33 - 159** 744 Razem zad\u0142u\u017cenie 5 949 ( 110) 311 181 112 6 443 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 880 ( 701) - - - 1 179 D\u0142ug netto 4 069 591 311 181 112 5 264 * W tym (60) mln PLN stan na dzie\u0144 utraty kontroli nad jednostkami zale\u017cnymi.  ** W tym 165 mln PLN modyfikacje i zwarcie nowych um\u00f3w leasingowych. Zobowi\u0105zania z tytu\u0142u zad\u0142u\u017cenia Stan na  31.12.2020 Przep\u0142ywy  \u015brodk\u00f3w  pieni\u0119\u017cnych  Odsetki  naliczone R\u00f3\u017cnice  kursowe Inne  zmiany Stan na  31.12.2021 Kredyty 1 994 (1 470) 62 150 ( 1) 735 Po\u017cyczki 2 685 ( 388) 79 190 2 2 568 D\u0142u\u017cne papiery warto\u015bciowe 2 000 ( 36) 37 - - 2 001 Leasing  656 ( 100) 31 - 58 645 Razem zad\u0142u\u017cenie 7 335 (1 994) 209 340 59 5 949 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 2 501 ( 621) - - - 1 880 D\u0142ug netto 4 834 (1 373) 209 340 59 4 069 Uzgodnienie przep\u0142ywu \u015brodk\u00f3w pieni\u0119\u017cnych uj\u0119tych w zmianie d\u0142ugu netto do skonsolidowanego sprawozdania z przep\u0142yw\u00f3w pieni\u0119\u017cnych  od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 I. Dzia\u0142alno\u015b\u0107 finansowa  104 (1 872) Wp\u0142ywy z tytu\u0142u zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek  677 358 Sp\u0142ata kredyt\u00f3w i po\u017cyczek ( 425) (2 078) Sp\u0142ata zobowi\u0105za\u0144 z tytu\u0142u leasingu ( 59) ( 67) Sp\u0142ata odsetek z tytu\u0142u kredyt\u00f3w, po\u017cyczek, d\u0142u\u017cnych papier\u00f3w warto\u015bciowych ( 79) ( 70) Sp\u0142ata odsetek z tytu\u0142u leasingu ( 10) ( 15) II. Dzia\u0142alno\u015b\u0107 inwestycyjna ( 214) ( 122) Zap\u0142acone aktywowane odsetki od zad\u0142u\u017cenia ( 214) ( 122) III. Zmiana staniu wolnych \u015brodk\u00f3w pieni\u0119\u017cnych ( 701) ( 621) RAZEM (I+II-III)  591 (1 373) Z istniej\u0105cym zad\u0142u\u017ceniem wi\u0105\u017ce si\u0119 ryzyko kursowe oraz ryzyko stopy procentowej. Opis ekspozycji na ryzyka finansowe znajduje si\u0119 w Nocie 7.5. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "Uzgodnienie przep\u0142ywu \u015brodk\u00f3w pieni\u0119\u017cnych uj\u0119tych w zmianie d\u0142ugu netto do skonsolidowanego sprawozdania z przep\u0142yw\u00f3w pieni\u0119\u017cnych  od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 I. Dzia\u0142alno\u015b\u0107 finansowa  104 (1 872) Wp\u0142ywy z tytu\u0142u zaci\u0105gni\u0119tych kredyt\u00f3w i po\u017cyczek  677 358 Sp\u0142ata kredyt\u00f3w i po\u017cyczek ( 425) (2 078) Sp\u0142ata zobowi\u0105za\u0144 z tytu\u0142u leasingu ( 59) ( 67) Sp\u0142ata odsetek z tytu\u0142u kredyt\u00f3w, po\u017cyczek, d\u0142u\u017cnych papier\u00f3w warto\u015bciowych ( 79) ( 70) Sp\u0142ata odsetek z tytu\u0142u leasingu ( 10) ( 15) II. Dzia\u0142alno\u015b\u0107 inwestycyjna ( 214) ( 122) Zap\u0142acone aktywowane odsetki od zad\u0142u\u017cenia ( 214) ( 122) III. Zmiana staniu wolnych \u015brodk\u00f3w pieni\u0119\u017cnych ( 701) ( 621) RAZEM (I+II-III)  591 (1 373) Z istniej\u0105cym zad\u0142u\u017ceniem wi\u0105\u017ce si\u0119 ryzyko kursowe oraz ryzyko stopy procentowej. Opis ekspozycji na ryzyka finansowe znajduje si\u0119 w Nocie 7.5.  Nota 9.1.3 Wydatki zwi\u0105zane z aktywami g\u00f3rniczymi i hutniczymi od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Zakup   (2 037) (2 133) Maj\u0105tek trwa\u0142y wytworzony we w\u0142asnym zakresie   (1 097) ( 733) Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych    ( 367) ( 537) Koszty finansowania zewn\u0119trznego   ( 226) ( 173) Zmiana stanu zobowi\u0105za\u0144 z tytu\u0142u nabycia   ( 21) 100 Pozosta\u0142e    70 93 Razem*   (3 678) (3 383) *W tym wydatki zwi\u0105zane z aktywami s\u0142u\u017c\u0105cymi poszukiwaniu i ocenie zasob\u00f3w mineralnych w kwocie 159 mln PLN (w 2021 r. 91 mln PLN). Nota 10.4 Zmiana stanu kapita\u0142u obrotowego  Zasady rachunkowo\u015bci  Przep\u0142ywy  pieni\u0119\u017cne  z  tytu\u0142u  odsetek  od  transakcji  faktoringu  d\u0142u\u017cnego  prezentowane  s\u0105  w  ramach  przep\u0142yw\u00f3w z dzia\u0142alno\u015bci  finansowej.  Kwoty  faktycznych  sp\u0142at  wierzytelno\u015bci  podstawowej oddanej  do  faktoringu  d\u0142u\u017cnego  wobec faktora prezentowane s\u0105 w ramach przep\u0142yw\u00f3w z dzia\u0142alno\u015bci operacyjnej i cz\u0119\u015bciowo, r\u00f3wnie\u017c inwestycyjnej. Dodatkowo Jednostka Dominuj\u0105ca w ramach zmiany stanu kapita\u0142u obrotowego w sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych wykazuje w  odr\u0119bnej  linii  \u201eZmian\u0119  stanu  zobowi\u0105za\u0144  handlowych  oddanych  do  faktoringu\u201d,  dla  cel\u00f3w  jasnej  i  przejrzystej prezentacji. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Jednostka Dominuj\u0105ca w trakcie okresu zako\u0144czonego 31 grudnia 2019 r. wdro\u017cy\u0142a faktoring d\u0142u\u017cny (dalsze informacje przedstawiono w Nocie 10.3). Poniewa\u017c  praktyka  rynkowa  w  zakresie  prezentacji  transakcji  faktoringu  d\u0142u\u017cnego  w  sprawozdaniu  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych nie jest jednolita, konieczne by\u0142o dokonanie przez Zarz\u0105d os\u0105du w tym obszarze. W przypadku tych transakcji Jednostka  Dominuj\u0105ca  musia\u0142a  dokona\u0107  oceny,  czy  wydatki  zwi\u0105zane  z  p\u0142atno\u015bciami  dokonanymi  na  rzecz  faktora powinny by\u0107 zaklasyfikowane do przep\u0142yw\u00f3w pieni\u0119\u017cnych z dzia\u0142alno\u015bci operacyjnej czy te\u017c do przep\u0142yw\u00f3w z dzia\u0142alno\u015bci finansowej  w  ramach  sprawozdania  z  przep\u0142yw\u00f3w  pieni\u0119\u017cnych.  Zgodnie  z  MSR7.11  jednostka  powinna  prezentowa\u0107 przep\u0142ywy pieni\u0119\u017cne z dzia\u0142alno\u015bci operacyjnej, inwestycyjnej i finansowej w spos\u00f3b najbardziej odpowiedni dla rodzaju prowadzonej  dzia\u0142alno\u015bci,  gdy\u017c  informacja  ta  dostarcza  u\u017cytkownikom  sprawozda\u0144  finansowych  dane  pozwalaj\u0105ce  na dokonanie oceny wp\u0142ywu  tych\u017ce  dzia\u0142alno\u015bci  na  sytuacj\u0119 finansow\u0105 jednostki oraz na  kwot\u0119 \u015brodk\u00f3w pieni\u0119\u017cnych i ich ekwiwalent\u00f3w. W zwi\u0105zku z powy\u017cszym w ocenie Jednostki Dominuj\u0105cej: -  prezentacja  sp\u0142aty  kwoty  wierzytelno\u015bci podstawowej  w  ramach  faktoringu  d\u0142u\u017cnego  w  przep\u0142ywach  z  dzia\u0142alno\u015bci operacyjnej  jest  zgodna  z  celem  poszczeg\u00f3lnych  element\u00f3w  transakcji    i  sp\u00f3jna  z  prezentacj\u0105  tych  transakcji w sprawozdaniu  z  sytuacji  finansowej.  W  przypadku  dokonania  subrogacji  ustawowej  wierzytelno\u015bci  przez  faktora z prawnego  punktu  widzenia  przejmuje  on prawa  i  obowi\u0105zki  charakterystyczne  dla wierzytelno\u015bci  handlowych. Jedynie  przep\u0142ywy  wynikaj\u0105ce  ze  sp\u0142aty  kwot  wierzytelno\u015bci  podstawowych,  pochodz\u0105cych  z  zobowi\u0105za\u0144  z  tytu\u0142u zakupu, budowy \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych prezentowane s\u0105 w ramach dzia\u0142alno\u015bci inwestycyjnej (dalsze informacje przedstawiono w Nocie 10.3),   -  natomiast  aspekt  finansowy  zwi\u0105zany  z  transakcj\u0105  faktoringu  jest  wskazany  w  prezentacji  odsetek  w  ramach dzia\u0142alno\u015bci finansowej. Jest to sp\u00f3jne z ujmowaniem tych odsetek w kosztach finansowych w sprawozdaniu z wyniku zgodnie  z przyj\u0119t\u0105  przez  Jednostk\u0119 Dominuj\u0105c\u0105  polityk\u0105 rachunkowo\u015bci prezentacji  koszt\u00f3w odsetek  od  faktoringu d\u0142u\u017cnego w dzia\u0142alno\u015bci finansowej. Nota 12.8 Pozosta\u0142e korekty w skonsolidowanym sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Koszty z tytu\u0142u wyceny i realizacji  instrument\u00f3w pochodnych zwi\u0105zanych ze \u017ar\u00f3d\u0142ami finansowania zewn\u0119trznego  19 10 Pozosta\u0142e   10 ( 9) Razem  29 Zapasy Nale\u017cno\u015bci od odbiorc\u00f3w Zobowi\u0105zania wobec dostawc\u00f3w Zobowi\u0105zania podobne Kapita\u0142 obrotowy Stan na 01.01.2022 r.  (6 487) (1 026) 3 106 95 (4 312) Stan na 31.12.2022 r. (8 902) (1 178) 3 262 18 (6 800) Zmiana stanu w sprawozdaniu  z sytuacji finansowej (2 415) ( 152) 156 ( 77) (2 488) R\u00f3\u017cnice kursowe z przeliczenia  sprawozda\u0144 jednostek o walucie  funkcjonalnej innej ni\u017c PLN  43 16 ( 17) - 42 Amortyzacja uj\u0119ta w wycenie zapas\u00f3w  117 - - - 117 Zmiana stanu zobowi\u0105za\u0144 z tytu\u0142u nabycia rzeczowych aktyw\u00f3w trwa\u0142ych oraz warto\u015bci niematerialnych - - 41 - 41 Przekwalifikowanie do rzeczowych aktyw\u00f3w trwa\u0142ych ( 10) - - - ( 10) Przekwalifikowanie z rzeczowych aktyw\u00f3w trwa\u0142ych  16 - - - 16 Stan na dzie\u0144 utraty kontroli ( 94) ( 20) 79 - ( 35) Korekty   72 ( 4) 103 - 171 Zmiana stanu uj\u0119ta w sprawozdaniu  z przep\u0142yw\u00f3w pieni\u0119\u017cnych (2 343) ( 156) 259 ( 77) (2 317) Zapasy Nale\u017cno\u015bci od odbiorc\u00f3w Zobowi\u0105zania wobec dostawc\u00f3w Zobowi\u0105zania podobne Kapita\u0142 obrotowy Stan na 01.01.2021 r.  (4 459) ( 869) 2 498 1 264 (1 566) Stan na 31.12.2021 r. (6 487) (1 026) 3 106 95 (4 312) Zmiana stanu w sprawozdaniu  z sytuacji finansowej (2 028) ( 157) 608 (1 169) (2 746) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek o walucie  funkcjonalnej innej ni\u017c PLN  41 20 ( 15) - 46 Amortyzacja uj\u0119ta w wycenie zapas\u00f3w  91 - - - 91 Zmiana stanu zobowi\u0105za\u0144 z tytu\u0142u nabycia rzeczowych aktyw\u00f3w trwa\u0142ych oraz warto\u015bci niematerialnych - - ( 176) 54 ( 122) Zmiana stanu zobowi\u0105za\u0144 z tytu\u0142u odsetek od faktoringu d\u0142u\u017cnego - - - 1 1 Przekwalifikowanie do rzeczowych aktyw\u00f3w trwa\u0142ych ( 37) - - - ( 37) Korekty   95 20 ( 191) 55 ( 21) Zmiana stanu uj\u0119ta w sprawozdaniu  z przep\u0142yw\u00f3w pieni\u0119\u017cnych, w tym: (1 933) ( 137) 417 (1 114) (2 767) dotycz\u0105ce aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia) oraz zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia  13 ( 26) ( 34) - ( 47",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "Sp\u0142aty  cz\u0119\u015bci  zobowi\u0105za\u0144  pozosta\u0142ych  sp\u00f3\u0142ek  Grupy  z  tytu\u0142u  kredyt\u00f3w  bilateralnych  oraz  po\u017cyczek  obj\u0119te s\u0105 zabezpieczeniami w postaci o\u015bwiadcze\u0144 o poddaniu si\u0119 egzekucji, hipotek umownych, zastaw\u00f3w rejestrowych lub cesji wierzytelno\u015bci.  Warto\u015b\u0107  bilansowa  ustanowionych  zabezpiecze\u0144  sp\u0142aty  finansowania  zewn\u0119trznego  na  dzie\u0144 31 grudnia 2022  r.  wynios\u0142a  243  mln  PLN,  w  tym  warto\u015b\u0107  rzeczowych  aktyw\u00f3w  trwa\u0142ych  wynios\u0142a  117  mln  PLN  (na 31 grudnia 2021 r. 343 mln PLN, w tym warto\u015b\u0107 rzeczowych aktyw\u00f3w trwa\u0142ych wynios\u0142a 217 mln PLN). Nota 9.6 Warto\u015b\u0107 bilansowa aktyw\u00f3w sp\u00f3\u0142ek Grupy Kapita\u0142owej stanowi\u0105ca zabezpieczenie sp\u0142aty zobowi\u0105za\u0144  Stan na 31.12.2022   Stan na 31.12.2021 Budynki i budowle  136 308 Urz\u0105dzenia techniczne i maszyny 33 38 Grunty  8 6 Razem  177 352 Warto\u015b\u0107 bilansowa aktyw\u00f3w  stanowi\u0105cych zabezpieczenie sp\u0142aty  zobowi\u0105za\u0144  finansowych  na  dzie\u0144 31  grudnia 2022 r. wynosi  177  mln  PLN,  w  tym  warto\u015b\u0107  bilansowa  aktyw\u00f3w  ustanowionych  jako  zabezpieczenie  sp\u0142aty  finansowania zewn\u0119trznego sp\u00f3\u0142ek Grupy Kapita\u0142owej KGHM Polska Mied\u017a S.A. na dzie\u0144 31 grudnia 2022 r. wynosi 117 mln PLN (na dzie\u0144 31 grudnia 2021 r. odpowiednio 352 mln PLN i 217 mln PLN). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "Nota 8.5 \u015arodki pieni\u0119\u017cne i ich ekwiwalenty Zasady rachunkowo\u015bci \u015arodki  pieni\u0119\u017cne  i  ich  ekwiwalenty  obejmuj\u0105  g\u0142\u00f3wnie  \u015brodki  pieni\u0119\u017cne  na  rachunkach  bankowych  oraz  depozyty bankowe  o  terminie  wymagalno\u015bci  do  trzech  miesi\u0119cy  od  dnia  ich  za\u0142o\u017cenia  (r\u00f3wnie\u017c  dla  cel\u00f3w  sprawozdania z przep\u0142yw\u00f3w  pieni\u0119\u017cnych).  \u015arodki  pieni\u0119\u017cne  wycenia  si\u0119  w  kwocie  nominalnej  powi\u0119kszonej  o  odsetki, z uwzgl\u0119dnieniem odpis\u00f3w z tytu\u0142u oczekiwanych strat kredytowych (Nota 7.5.2.1). Stan na 31.12.2022 Stan na 31.12.2021 \u015arodki pieni\u0119\u017cne na rachunkach bankowych  619 1 151 Inne aktywa finansowe o terminie p\u0142atno\u015bci do 3 miesi\u0119cy od dnia nabycia - depozyty  573 744 Pozosta\u0142e \u015brodki pieni\u0119\u017cne  8 9 Razem \u015brodki pieni\u0119\u017cne i ich ekwiwalenty, z tego: 1 200 1 904 wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia) - 20 wykazane jako \u201e\u015brodki pieni\u0119\u017cne i ich ekwiwalenty\" 1 200 1 884 \u015arodki pieni\u0119\u017cne o ograniczonej mo\u017cliwo\u015bci dysponowania  21 24 Nota 8.4.1 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 179 1 880 W ramach \u015brodk\u00f3w pieni\u0119\u017cnych na rachunkach bankowych na dzie\u0144 31 grudnia 2022 r. Grupa posiada\u0142a \u015brodki pieni\u0119\u017cne w kwocie 66 mln PLN (na 31 grudnia 2021 r. 31 mln PLN),  kt\u00f3re stanowi\u0105 \u015brodki na wyodr\u0119bnionych rachunkach VAT, s\u0142u\u017c\u0105ce  do  obs\u0142ugi  sp\u0142aty  zobowi\u0105za\u0144  w  ramach  mechanizmu  podzielonej  p\u0142atno\u015bci.  \u015arodki  te  s\u0105  sukcesywnie przeznaczane  g\u0142\u00f3wnie  na  regulowanie  p\u0142atno\u015bci  zobowi\u0105za\u0144  z  tytu\u0142u  podatku  VAT  wobec  dostawc\u00f3w  oraz  innych zobowi\u0105za\u0144 przewidzianych ustawowo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "Nota 8.5 \u015arodki pieni\u0119\u017cne i ich ekwiwalenty Zasady rachunkowo\u015bci \u015arodki  pieni\u0119\u017cne  i  ich  ekwiwalenty  obejmuj\u0105  g\u0142\u00f3wnie  \u015brodki  pieni\u0119\u017cne  na  rachunkach  bankowych  oraz  depozyty bankowe  o  terminie  wymagalno\u015bci  do  trzech  miesi\u0119cy  od  dnia  ich  za\u0142o\u017cenia  (r\u00f3wnie\u017c  dla  cel\u00f3w  sprawozdania z przep\u0142yw\u00f3w  pieni\u0119\u017cnych).  \u015arodki  pieni\u0119\u017cne  wycenia  si\u0119  w  kwocie  nominalnej  powi\u0119kszonej  o  odsetki, z uwzgl\u0119dnieniem odpis\u00f3w z tytu\u0142u oczekiwanych strat kredytowych (Nota 7.5.2.1). Stan na 31.12.2022 Stan na 31.12.2021 \u015arodki pieni\u0119\u017cne na rachunkach bankowych  619 1 151 Inne aktywa finansowe o terminie p\u0142atno\u015bci do 3 miesi\u0119cy od dnia nabycia - depozyty  573 744 Pozosta\u0142e \u015brodki pieni\u0119\u017cne  8 9 Razem \u015brodki pieni\u0119\u017cne i ich ekwiwalenty, z tego: 1 200 1 904 wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia) - 20 wykazane jako \u201e\u015brodki pieni\u0119\u017cne i ich ekwiwalenty\" 1 200 1 884 \u015arodki pieni\u0119\u017cne o ograniczonej mo\u017cliwo\u015bci dysponowania  21 24 Nota 8.4.1 Wolne \u015brodki pieni\u0119\u017cne i ich ekwiwalenty 1 179 1 880 W ramach \u015brodk\u00f3w pieni\u0119\u017cnych na rachunkach bankowych na dzie\u0144 31 grudnia 2022 r. Grupa posiada\u0142a \u015brodki pieni\u0119\u017cne w kwocie 66 mln PLN (na 31 grudnia 2021 r. 31 mln PLN),  kt\u00f3re stanowi\u0105 \u015brodki na wyodr\u0119bnionych rachunkach VAT, s\u0142u\u017c\u0105ce  do  obs\u0142ugi  sp\u0142aty  zobowi\u0105za\u0144  w  ramach  mechanizmu  podzielonej  p\u0142atno\u015bci.  \u015arodki  te  s\u0105  sukcesywnie przeznaczane  g\u0142\u00f3wnie  na  regulowanie  p\u0142atno\u015bci  zobowi\u0105za\u0144  z  tytu\u0142u  podatku  VAT  wobec  dostawc\u00f3w  oraz  innych zobowi\u0105za\u0144 przewidzianych ustawowo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-446": {
   "value": "Zasady rachunkowo\u015bci \u015arodki  pieni\u0119\u017cne  i  ich  ekwiwalenty  obejmuj\u0105  g\u0142\u00f3wnie  \u015brodki  pieni\u0119\u017cne  na  rachunkach  bankowych  oraz  depozyty bankowe  o  terminie  wymagalno\u015bci  do  trzech  miesi\u0119cy  od  dnia  ich  za\u0142o\u017cenia  (r\u00f3wnie\u017c  dla  cel\u00f3w  sprawozdania z przep\u0142yw\u00f3w  pieni\u0119\u017cnych).  \u015arodki  pieni\u0119\u017cne  wycenia  si\u0119  w  kwocie  nominalnej  powi\u0119kszonej  o  odsetki, z uwzgl\u0119dnieniem odpis\u00f3w z tytu\u0142u oczekiwanych strat kredytowych (Nota 7.5.2.1). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "Nota 8.6 Zobowi\u0105zania z tytu\u0142u udzielonych gwarancji i por\u0119cze\u0144 Istotnym narz\u0119dziem zarz\u0105dzania p\u0142ynno\u015bci\u0105 finansow\u0105 w Grupie s\u0105 gwarancje i akredytywy. Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . Na dzie\u0144 31 grudnia 2022 r. warto\u015b\u0107 zobowi\u0105za\u0144 Grupy z tytu\u0142u udzielonych gwarancji i akredytyw wynosi\u0142o \u0142\u0105cznie 1 156 mln PLN (na dzie\u0144 31 grudnia 2021 r. 849 mln PLN) natomiast z tytu\u0142u zobowi\u0105za\u0144 wekslowych wynosi\u0142o 170 mln PLN (na dzie\u0144 31 grudnia 2021 r. 173 mln PLN). Najistotniejsze pozycje stanowi\u0105 zobowi\u0105zania Jednostki Dominuj\u0105cej maj\u0105ce na celu zabezpieczenie zobowi\u0105za\u0144: \u2022  Sierra  Gorda  S.C.M.  \u2013  gwarancja  korporacyjna  w  kwocie  969  mln  PLN  (220  mln  USD)  ustanowiona  jako zabezpieczenie sp\u0142aty zaci\u0105gni\u0119tego przez Sierra Gorda S.C.M. kredytu (na dzie\u0144 31 grudnia 2021 r. w kwocie 670 mln PLN tj. 165 mln USD). Okres wa\u017cno\u015bci gwarancji up\u0142ynie we wrze\u015bniu 2024 r. Wycena bilansowa zobowi\u0105zania z tytu\u0142u udzielonej  gwarancji  finansowej  uj\u0119ta  w  ksi\u0119gach  wynosi  57  mln  PLN  (na  dzie\u0144  31  grudnia  2021r. 58 mln PLN) *, \u2022  pozosta\u0142ych podmiot\u00f3w, w tym Jednostki Dominuj\u0105cej: \u2022  126 mln PLN - zabezpieczenie nale\u017cytego wykonania przez Jednostk\u0119 Dominuj\u0105c\u0105 przysz\u0142ych zobowi\u0105za\u0144 \u015brodowiskowych  zwi\u0105zanych  z  obowi\u0105zkiem  rekultywacji  terenu  po  zako\u0144czeniu  eksploatacji  obiektu \u201e\u017belazny Most\u201d (na dzie\u0144 31 grudnia 2021 r. w kwocie 124 mln PLN), okres wa\u017cno\u015bci gwarancji do 1 roku, \u2022  14  mln  PLN  -  zabezpieczenie  roszcze\u0144  pokrycia  koszt\u00f3w  zwi\u0105zanych  ze  zbieraniem  i  przetwarzaniem odpad\u00f3w  ustanowione  na  rzecz  Marsza\u0142ka  Wojew\u00f3dztwa  Dolno\u015bl\u0105skiego,  okres  wa\u017cno\u015bci  gwarancji  do 1 roku, \u2022  37 mln PLN  (30 mln  PLN i  2 mln  CAD)  zabezpieczenie zobowi\u0105za\u0144 zwi\u0105zanych z nale\u017cytym  wykonaniem zawartych przez Grup\u0119 um\u00f3w (na dzie\u0144 31 grudnia 2021 r. w  kwocie 39 mln PLN tj. 32 mln PLN i 2 mln CAD), okres wa\u017cno\u015bci gwarancji do 3 lat, \u2022  2  mln  PLN  zabezpieczenie  zobowi\u0105za\u0144  zwi\u0105zanych  z  nale\u017cno\u015bciami  celno-podatkowymi,  okres  wa\u017cno\u015bci gwarancji: bezterminowo. W oparciu o posiadan\u0105 wiedz\u0119, na koniec okresu sprawozdawczego Grupa okre\u015bli\u0142a prawdopodobie\u0144stwo zap\u0142aty kwot wynikaj\u0105cych ze zobowi\u0105za\u0144 z tytu\u0142u udzielonych gwarancji i akredytyw jako niskie. * Gwarancja finansowa zosta\u0142a uj\u0119ta w ksi\u0119gach rachunkowych zgodnie z par. 4.2.1 pkt c MSSF 9. Nota 12.5 Aktywa, zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej Warto\u015bci  pozycji  aktyw\u00f3w  i  zobowi\u0105za\u0144  warunkowych  oraz  innych  zobowi\u0105za\u0144  nieuj\u0119tych  w  sprawozdaniu  z sytuacji finansowej ustalone zosta\u0142y na podstawie szacunk\u00f3w. Stan na 31.12.2022 Stan na 31.12.2021 Aktywa warunkowe  366 509 Otrzymane gwarancje   195 325 Nale\u017cno\u015bci wekslowe  147 134 Pozosta\u0142e tytu\u0142y  24 50 Zobowi\u0105zania warunkowe  452 466 Nota 8.6 Zlecenia udzielenia gwarancji i akredytyw  187 179 Nota 8.6 Zobowi\u0105zanie wekslowe   170 173 Podatek od nieruchomo\u015bci od wyrobisk g\u00f3rniczych  34 47 Pozosta\u0142e tytu\u0142y  61 67 Inne zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej  34 99 Zobowi\u0105zania wobec jednostek samorz\u0105du terytorialnego w zwi\u0105zku z rozbudow\u0105 zbiornika odpad\u00f3w produkcyjnych   34 99 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Nota 8.6 Zobowi\u0105zania z tytu\u0142u udzielonych gwarancji i por\u0119cze\u0144 Istotnym narz\u0119dziem zarz\u0105dzania p\u0142ynno\u015bci\u0105 finansow\u0105 w Grupie s\u0105 gwarancje i akredytywy. Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . Na dzie\u0144 31 grudnia 2022 r. warto\u015b\u0107 zobowi\u0105za\u0144 Grupy z tytu\u0142u udzielonych gwarancji i akredytyw wynosi\u0142o \u0142\u0105cznie 1 156 mln PLN (na dzie\u0144 31 grudnia 2021 r. 849 mln PLN) natomiast z tytu\u0142u zobowi\u0105za\u0144 wekslowych wynosi\u0142o 170 mln PLN (na dzie\u0144 31 grudnia 2021 r. 173 mln PLN). Najistotniejsze pozycje stanowi\u0105 zobowi\u0105zania Jednostki Dominuj\u0105cej maj\u0105ce na celu zabezpieczenie zobowi\u0105za\u0144: \u2022  Sierra  Gorda  S.C.M.  \u2013  gwarancja  korporacyjna  w  kwocie  969  mln  PLN  (220  mln  USD)  ustanowiona  jako zabezpieczenie sp\u0142aty zaci\u0105gni\u0119tego przez Sierra Gorda S.C.M. kredytu (na dzie\u0144 31 grudnia 2021 r. w kwocie 670 mln PLN tj. 165 mln USD). Okres wa\u017cno\u015bci gwarancji up\u0142ynie we wrze\u015bniu 2024 r. Wycena bilansowa zobowi\u0105zania z tytu\u0142u udzielonej  gwarancji  finansowej  uj\u0119ta  w  ksi\u0119gach  wynosi  57  mln  PLN  (na  dzie\u0144  31  grudnia  2021r. 58 mln PLN) *, \u2022  pozosta\u0142ych podmiot\u00f3w, w tym Jednostki Dominuj\u0105cej: \u2022  126 mln PLN - zabezpieczenie nale\u017cytego wykonania przez Jednostk\u0119 Dominuj\u0105c\u0105 przysz\u0142ych zobowi\u0105za\u0144 \u015brodowiskowych  zwi\u0105zanych  z  obowi\u0105zkiem  rekultywacji  terenu  po  zako\u0144czeniu  eksploatacji  obiektu \u201e\u017belazny Most\u201d (na dzie\u0144 31 grudnia 2021 r. w kwocie 124 mln PLN), okres wa\u017cno\u015bci gwarancji do 1 roku, \u2022  14  mln  PLN  -  zabezpieczenie  roszcze\u0144  pokrycia  koszt\u00f3w  zwi\u0105zanych  ze  zbieraniem  i  przetwarzaniem odpad\u00f3w  ustanowione  na  rzecz  Marsza\u0142ka  Wojew\u00f3dztwa  Dolno\u015bl\u0105skiego,  okres  wa\u017cno\u015bci  gwarancji  do 1 roku, \u2022  37 mln PLN  (30 mln  PLN i  2 mln  CAD)  zabezpieczenie zobowi\u0105za\u0144 zwi\u0105zanych z nale\u017cytym  wykonaniem zawartych przez Grup\u0119 um\u00f3w (na dzie\u0144 31 grudnia 2021 r. w  kwocie 39 mln PLN tj. 32 mln PLN i 2 mln CAD), okres wa\u017cno\u015bci gwarancji do 3 lat, \u2022  2  mln  PLN  zabezpieczenie  zobowi\u0105za\u0144  zwi\u0105zanych  z  nale\u017cno\u015bciami  celno-podatkowymi,  okres  wa\u017cno\u015bci gwarancji: bezterminowo. W oparciu o posiadan\u0105 wiedz\u0119, na koniec okresu sprawozdawczego Grupa okre\u015bli\u0142a prawdopodobie\u0144stwo zap\u0142aty kwot wynikaj\u0105cych ze zobowi\u0105za\u0144 z tytu\u0142u udzielonych gwarancji i akredytyw jako niskie. * Gwarancja finansowa zosta\u0142a uj\u0119ta w ksi\u0119gach rachunkowych zgodnie z par. 4.2.1 pkt c MSSF 9. Nota 12.5 Aktywa, zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej Warto\u015bci  pozycji  aktyw\u00f3w  i  zobowi\u0105za\u0144  warunkowych  oraz  innych  zobowi\u0105za\u0144  nieuj\u0119tych  w  sprawozdaniu  z sytuacji finansowej ustalone zosta\u0142y na podstawie szacunk\u00f3w. Stan na 31.12.2022 Stan na 31.12.2021 Aktywa warunkowe  366 509 Otrzymane gwarancje   195 325 Nale\u017cno\u015bci wekslowe  147 134 Pozosta\u0142e tytu\u0142y  24 50 Zobowi\u0105zania warunkowe  452 466 Nota 8.6 Zlecenia udzielenia gwarancji i akredytyw  187 179 Nota 8.6 Zobowi\u0105zanie wekslowe   170 173 Podatek od nieruchomo\u015bci od wyrobisk g\u00f3rniczych  34 47 Pozosta\u0142e tytu\u0142y  61 67 Inne zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej  34 99 Zobowi\u0105zania wobec jednostek samorz\u0105du terytorialnego w zwi\u0105zku z rozbudow\u0105 zbiornika odpad\u00f3w produkcyjnych   34 99 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "Nota 8.6 Zobowi\u0105zania z tytu\u0142u udzielonych gwarancji i por\u0119cze\u0144 Istotnym narz\u0119dziem zarz\u0105dzania p\u0142ynno\u015bci\u0105 finansow\u0105 w Grupie s\u0105 gwarancje i akredytywy. Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . Na dzie\u0144 31 grudnia 2022 r. warto\u015b\u0107 zobowi\u0105za\u0144 Grupy z tytu\u0142u udzielonych gwarancji i akredytyw wynosi\u0142o \u0142\u0105cznie 1 156 mln PLN (na dzie\u0144 31 grudnia 2021 r. 849 mln PLN) natomiast z tytu\u0142u zobowi\u0105za\u0144 wekslowych wynosi\u0142o 170 mln PLN (na dzie\u0144 31 grudnia 2021 r. 173 mln PLN). Najistotniejsze pozycje stanowi\u0105 zobowi\u0105zania Jednostki Dominuj\u0105cej maj\u0105ce na celu zabezpieczenie zobowi\u0105za\u0144: \u2022  Sierra  Gorda  S.C.M.  \u2013  gwarancja  korporacyjna  w  kwocie  969  mln  PLN  (220  mln  USD)  ustanowiona  jako zabezpieczenie sp\u0142aty zaci\u0105gni\u0119tego przez Sierra Gorda S.C.M. kredytu (na dzie\u0144 31 grudnia 2021 r. w kwocie 670 mln PLN tj. 165 mln USD). Okres wa\u017cno\u015bci gwarancji up\u0142ynie we wrze\u015bniu 2024 r. Wycena bilansowa zobowi\u0105zania z tytu\u0142u udzielonej  gwarancji  finansowej  uj\u0119ta  w  ksi\u0119gach  wynosi  57  mln  PLN  (na  dzie\u0144  31  grudnia  2021r. 58 mln PLN) *, \u2022  pozosta\u0142ych podmiot\u00f3w, w tym Jednostki Dominuj\u0105cej: \u2022  126 mln PLN - zabezpieczenie nale\u017cytego wykonania przez Jednostk\u0119 Dominuj\u0105c\u0105 przysz\u0142ych zobowi\u0105za\u0144 \u015brodowiskowych  zwi\u0105zanych  z  obowi\u0105zkiem  rekultywacji  terenu  po  zako\u0144czeniu  eksploatacji  obiektu \u201e\u017belazny Most\u201d (na dzie\u0144 31 grudnia 2021 r. w kwocie 124 mln PLN), okres wa\u017cno\u015bci gwarancji do 1 roku, \u2022  14  mln  PLN  -  zabezpieczenie  roszcze\u0144  pokrycia  koszt\u00f3w  zwi\u0105zanych  ze  zbieraniem  i  przetwarzaniem odpad\u00f3w  ustanowione  na  rzecz  Marsza\u0142ka  Wojew\u00f3dztwa  Dolno\u015bl\u0105skiego,  okres  wa\u017cno\u015bci  gwarancji  do 1 roku, \u2022  37 mln PLN  (30 mln  PLN i  2 mln  CAD)  zabezpieczenie zobowi\u0105za\u0144 zwi\u0105zanych z nale\u017cytym  wykonaniem zawartych przez Grup\u0119 um\u00f3w (na dzie\u0144 31 grudnia 2021 r. w  kwocie 39 mln PLN tj. 32 mln PLN i 2 mln CAD), okres wa\u017cno\u015bci gwarancji do 3 lat, \u2022  2  mln  PLN  zabezpieczenie  zobowi\u0105za\u0144  zwi\u0105zanych  z  nale\u017cno\u015bciami  celno-podatkowymi,  okres  wa\u017cno\u015bci gwarancji: bezterminowo. W oparciu o posiadan\u0105 wiedz\u0119, na koniec okresu sprawozdawczego Grupa okre\u015bli\u0142a prawdopodobie\u0144stwo zap\u0142aty kwot wynikaj\u0105cych ze zobowi\u0105za\u0144 z tytu\u0142u udzielonych gwarancji i akredytyw jako niskie. * Gwarancja finansowa zosta\u0142a uj\u0119ta w ksi\u0119gach rachunkowych zgodnie z par. 4.2.1 pkt c MSSF 9. Nota 12.5 Aktywa, zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej Warto\u015bci  pozycji  aktyw\u00f3w  i  zobowi\u0105za\u0144  warunkowych  oraz  innych  zobowi\u0105za\u0144  nieuj\u0119tych  w  sprawozdaniu  z sytuacji finansowej ustalone zosta\u0142y na podstawie szacunk\u00f3w. Stan na 31.12.2022 Stan na 31.12.2021 Aktywa warunkowe  366 509 Otrzymane gwarancje   195 325 Nale\u017cno\u015bci wekslowe  147 134 Pozosta\u0142e tytu\u0142y  24 50 Zobowi\u0105zania warunkowe  452 466 Nota 8.6 Zlecenia udzielenia gwarancji i akredytyw  187 179 Nota 8.6 Zobowi\u0105zanie wekslowe   170 173 Podatek od nieruchomo\u015bci od wyrobisk g\u00f3rniczych  34 47 Pozosta\u0142e tytu\u0142y  61 67 Inne zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej  34 99 Zobowi\u0105zania wobec jednostek samorz\u0105du terytorialnego w zwi\u0105zku z rozbudow\u0105 zbiornika odpad\u00f3w produkcyjnych   34 99 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "Nota 8.6 Zobowi\u0105zania z tytu\u0142u udzielonych gwarancji i por\u0119cze\u0144 Istotnym narz\u0119dziem zarz\u0105dzania p\u0142ynno\u015bci\u0105 finansow\u0105 w Grupie s\u0105 gwarancje i akredytywy. Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . Na dzie\u0144 31 grudnia 2022 r. warto\u015b\u0107 zobowi\u0105za\u0144 Grupy z tytu\u0142u udzielonych gwarancji i akredytyw wynosi\u0142o \u0142\u0105cznie 1 156 mln PLN (na dzie\u0144 31 grudnia 2021 r. 849 mln PLN) natomiast z tytu\u0142u zobowi\u0105za\u0144 wekslowych wynosi\u0142o 170 mln PLN (na dzie\u0144 31 grudnia 2021 r. 173 mln PLN). Najistotniejsze pozycje stanowi\u0105 zobowi\u0105zania Jednostki Dominuj\u0105cej maj\u0105ce na celu zabezpieczenie zobowi\u0105za\u0144: \u2022  Sierra  Gorda  S.C.M.  \u2013  gwarancja  korporacyjna  w  kwocie  969  mln  PLN  (220  mln  USD)  ustanowiona  jako zabezpieczenie sp\u0142aty zaci\u0105gni\u0119tego przez Sierra Gorda S.C.M. kredytu (na dzie\u0144 31 grudnia 2021 r. w kwocie 670 mln PLN tj. 165 mln USD). Okres wa\u017cno\u015bci gwarancji up\u0142ynie we wrze\u015bniu 2024 r. Wycena bilansowa zobowi\u0105zania z tytu\u0142u udzielonej  gwarancji  finansowej  uj\u0119ta  w  ksi\u0119gach  wynosi  57  mln  PLN  (na  dzie\u0144  31  grudnia  2021r. 58 mln PLN) *,  \u2022  pozosta\u0142ych podmiot\u00f3w, w tym Jednostki Dominuj\u0105cej: \u2022  126 mln PLN - zabezpieczenie nale\u017cytego wykonania przez Jednostk\u0119 Dominuj\u0105c\u0105 przysz\u0142ych zobowi\u0105za\u0144 \u015brodowiskowych  zwi\u0105zanych  z  obowi\u0105zkiem  rekultywacji  terenu  po  zako\u0144czeniu  eksploatacji  obiektu \u201e\u017belazny Most\u201d (na dzie\u0144 31 grudnia 2021 r. w kwocie 124 mln PLN), okres wa\u017cno\u015bci gwarancji do 1 roku, \u2022  14  mln  PLN  -  zabezpieczenie  roszcze\u0144  pokrycia  koszt\u00f3w  zwi\u0105zanych  ze  zbieraniem  i  przetwarzaniem odpad\u00f3w  ustanowione  na  rzecz  Marsza\u0142ka  Wojew\u00f3dztwa  Dolno\u015bl\u0105skiego,  okres  wa\u017cno\u015bci  gwarancji  do 1 roku, \u2022  37 mln PLN  (30 mln  PLN i  2 mln  CAD)  zabezpieczenie zobowi\u0105za\u0144 zwi\u0105zanych z nale\u017cytym  wykonaniem zawartych przez Grup\u0119 um\u00f3w (na dzie\u0144 31 grudnia 2021 r. w  kwocie 39 mln PLN tj. 32 mln PLN i 2 mln CAD), okres wa\u017cno\u015bci gwarancji do 3 lat, \u2022  2  mln  PLN  zabezpieczenie  zobowi\u0105za\u0144  zwi\u0105zanych  z  nale\u017cno\u015bciami  celno-podatkowymi,  okres  wa\u017cno\u015bci gwarancji: bezterminowo. W oparciu o posiadan\u0105 wiedz\u0119, na koniec okresu sprawozdawczego Grupa okre\u015bli\u0142a prawdopodobie\u0144stwo zap\u0142aty kwot wynikaj\u0105cych ze zobowi\u0105za\u0144 z tytu\u0142u udzielonych gwarancji i akredytyw jako niskie. * Gwarancja finansowa zosta\u0142a uj\u0119ta w ksi\u0119gach rachunkowych zgodnie z par. 4.2.1 pkt c MSSF 9. Nota 12.5 Aktywa, zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej Warto\u015bci  pozycji  aktyw\u00f3w  i  zobowi\u0105za\u0144  warunkowych  oraz  innych  zobowi\u0105za\u0144  nieuj\u0119tych  w  sprawozdaniu  z sytuacji finansowej ustalone zosta\u0142y na podstawie szacunk\u00f3w. Stan na 31.12.2022 Stan na 31.12.2021 Aktywa warunkowe  366 509 Otrzymane gwarancje   195 325 Nale\u017cno\u015bci wekslowe  147 134 Pozosta\u0142e tytu\u0142y  24 50 Zobowi\u0105zania warunkowe  452 466 Nota 8.6 Zlecenia udzielenia gwarancji i akredytyw  187 179 Nota 8.6 Zobowi\u0105zanie wekslowe   170 173 Podatek od nieruchomo\u015bci od wyrobisk g\u00f3rniczych  34 47 Pozosta\u0142e tytu\u0142y  61 67 Inne zobowi\u0105zania nieuj\u0119te w sprawozdaniu z sytuacji finansowej  34 99 Zobowi\u0105zania wobec jednostek samorz\u0105du terytorialnego w zwi\u0105zku z rozbudow\u0105 zbiornika odpad\u00f3w produkcyjnych   34 99 ",
   "dimensions": {
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    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-383": {
   "value": "Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "Zasady rachunkowo\u015bci Grupa  udzieli\u0142a  gwarancji  i  por\u0119cze\u0144,  kt\u00f3re  spe\u0142niaj\u0105 definicj\u0119  zobowi\u0105zania warunkowego zgodnie  z  MSR  37, kt\u00f3re ujmuje  w  zobowi\u0105zaniach  warunkowych  oraz  gwarancji,  kt\u00f3re  spe\u0142niaj\u0105  definicj\u0119  gwarancji  finansowych  zgodnie z MSSF 9, kt\u00f3re wycenia si\u0119 i rozpoznaje jako instrumenty finansowe zgodnie z tym standardem. Umowa  gwarancji  finansowej  jest  to  umowa  zobowi\u0105zuj\u0105ca  jej  wystawc\u0119  do  dokonania  okre\u015blonych  p\u0142atno\u015bci rekompensuj\u0105cych  posiadaczowi  gwarancji  strat\u0119,  jak\u0105  poniesie  z  powodu  niedokonania  przez  okre\u015blonego  d\u0142u\u017cnika p\u0142atno\u015bci  w  przypadaj\u0105cym  terminie,  zgodnie  z  pierwotnymi  lub  zmienionymi  warunkami  instrumentu  d\u0142u\u017cnego. Na moment  pocz\u0105tkowego  uj\u0119cia  Grupa  ujmuje  w  sprawozdaniu  z  sytuacji  finansowej  warto\u015b\u0107  gwarancji  finansowej w wysoko\u015bci jej warto\u015bci godziwej, w pozycji: \u2022  aktywa finansowe wyceniane w zamortyzowanym koszcie (pozosta\u0142e aktywa finansowe), \u2022  pozosta\u0142e zobowi\u0105zania (rozliczenia mi\u0119dzyokresowe przychod\u00f3w). Zobowi\u0105zanie z tytu\u0142u udzielonej gwarancji finansowej na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy ujmuje si\u0119 w warto\u015bci wy\u017cszej z dw\u00f3ch kwot: warto\u015bci pocz\u0105tkowej wystawionej gwarancji pomniejszonej o kwot\u0119 dochod\u00f3w uj\u0119t\u0105 w wyniku finansowym  z  tytu\u0142u  gwarancji  lub  kwoty  odpisu  na  oczekiwane  straty  kredytowe  \u2013  ustalonej  zgodnie  z  zasadami modelu og\u00f3lnego opisanego w zasadach rachunkowo\u015bci w Nocie 7.5.2. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Dla kalkulacji oczekiwanej straty kredytowej \u2013 ECL - Grupa przyjmuje szacunki dla ratingu, parametr\u00f3w PD oraz LGD. Obliczenie oczekiwanej straty kredytowej nast\u0119puje w horyzoncie pozosta\u0142ym do ko\u0144ca \u017cycia gwarancji, przy czym jako rating podmiotu stosowany na potrzeby obliczenia parametru PD przyjmuje si\u0119 rating beneficjenta gwarancji . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "Zasady rachunkowo\u015bci - aktywa rzeczowe  Najistotniejsze  rzeczowe  aktywa  trwa\u0142e  Grupy  Kapita\u0142owej  stanowi\u0105  nieruchomo\u015bci  zwi\u0105zane  z  dzia\u0142alno\u015bci\u0105  g\u00f3rnicz\u0105 i hutnicz\u0105, obejmuj\u0105ce grunty w\u0142asne, budynki, obiekty in\u017cynierii wodnej i l\u0105dowej, takie jak: kapitalne wyrobiska g\u00f3rnicze (w tym, w kopalniach g\u0142\u0119binowych: szyby, studnie, sztolnie, chodniki, komory g\u0142\u00f3wne), ruroci\u0105gi podsadzkowe, odwadniaj\u0105ce i przeciwpo\u017carowe,  otwory  piezometryczne,  linie  kablowe  elektroenergetyczne,  sygnalizacyjne  i  \u015bwiat\u0142owodowe. Do rzeczowych  aktyw\u00f3w  trwa\u0142ych  g\u00f3rniczych  i hutniczych  zalicza  si\u0119  r\u00f3wnie\u017c  koszty  usuwania  nadk\u0142adu  w  kopalniach odkrywkowych  oraz  maszyny,  urz\u0105dzenia  techniczne,  \u015brodki  transportu  i  inne  ruchome  \u015brodki  trwa\u0142e  oraz  prawa  do u\u017cytkowania aktyw\u00f3w ujmowane zgodnie z MSSF 16 Leasing, w tym prawo wieczystego u\u017cytkowania grunt\u00f3w. Rzeczowe aktywa trwa\u0142e z wy\u0142\u0105czeniem prawa do u\u017cytkowania aktyw\u00f3w, wycenia si\u0119 w cenie nabycia/koszcie wytworzenia pomniejszonych o skumulowan\u0105 amortyzacj\u0119 (umorzenie) oraz skumulowane odpisy z tytu\u0142u utraty warto\u015bci . W  warto\u015bci  pocz\u0105tkowej  \u015brodk\u00f3w  trwa\u0142ych  Grupa  ujmuje  zdyskontowane  koszty  likwidacji  \u015brodk\u00f3w  trwa\u0142ych,  kt\u00f3re  b\u0119d\u0105 ponoszone  po  zako\u0144czeniu dzia\u0142alno\u015bci  g\u00f3rniczej  podziemnej  i  odkrywkowej  oraz innych  obiekt\u00f3w,  kt\u00f3re  zgodnie z obowi\u0105zuj\u0105cym prawem podlegaj\u0105 likwidacji  po zako\u0144czeniu dzia\u0142alno\u015bci. Zasady ujmowania i  wyceny koszt\u00f3w likwidacji przedstawione s\u0105 w Nocie 9.4.  W warto\u015bci bilansowej \u015brodka trwa\u0142ego ujmuje si\u0119 koszty istotnych cz\u0119\u015bci sk\u0142adowych, regularnych, znacz\u0105cych przegl\u0105d\u00f3w, oraz koszty istotnych remont\u00f3w cyklicznych, kt\u00f3rych przeprowadzenie warunkuje dalsz\u0105 mo\u017cliwo\u015b\u0107 u\u017cytkowania aktywa. Cen\u0119  nabycia/koszt  wytworzenia  powi\u0119kszaj\u0105  koszty  finansowania  zewn\u0119trznego  (tj.  odsetki  oraz  r\u00f3\u017cnice  kursowe stanowi\u0105ce  korekt\u0119  kosztu  odsetek)  zaci\u0105gni\u0119tego  na  nabycie  lub wytworzenie  dostosowywanego  sk\u0142adnika  rzeczowych aktyw\u00f3w trwa\u0142ych. Sk\u0142adniki aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania wycenia si\u0119 pocz\u0105tkowo wed\u0142ug kosztu, kt\u00f3ry obejmuje kwot\u0119 pocz\u0105tkowej wyceny zobowi\u0105zania z tytu\u0142u leasingu, wszelkie op\u0142aty leasingowe zap\u0142acone w dacie rozpocz\u0119cia leasingu i przed t\u0105 dat\u0105, pomniejszone  o  wszelkie  otrzymane  zach\u0119ty  leasingowe,  wszelkie  pocz\u0105tkowe  koszty  bezpo\u015brednie  poniesione  przez leasingobiorc\u0119  oraz  szacunek  koszt\u00f3w,  kt\u00f3re  maj\u0105  zosta\u0107  poniesione  przez  leasingobiorc\u0119  w  zwi\u0105zku  z  demonta\u017cem i usuni\u0119ciem bazowego sk\u0142adnika aktyw\u00f3w lub przeprowadzeniem renowacji miejsca, w kt\u00f3rym si\u0119 znajdowa\u0142. Prawo wieczystego u\u017cytkowania grunt\u00f3w wyceniane jest w warto\u015bci zobowi\u0105zania z tytu\u0142u prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej  oraz  wszelkich  op\u0142at  leasingowych  zap\u0142aconych  w  dacie  rozpocz\u0119cia  lub przed t\u0105 dat\u0105 (w tym p\u0142atno\u015bci za nabycie tego prawa na rynku). Po pocz\u0105tkowym uj\u0119ciu sk\u0142adnik aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania,  z  wy\u0142\u0105czeniem prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej,  wycenia  si\u0119  wed\u0142ug  kosztu  pomniejszonego  o  skumulowane  odpisy amortyzacyjne i skumulowane odpisy z tytu\u0142u utraty warto\u015bci, skorygowanego o warto\u015b\u0107 aktualizacji wyceny zobowi\u0105zania z tytu\u0142u leasingu. Odpis\u00f3w amortyzacyjnych od \u015brodk\u00f3w trwa\u0142ych (z wy\u0142\u0105czeniem grunt\u00f3w i prawa wieczystego u\u017cytkowania grunt\u00f3w) Grupa dokonuje,  w  zale\u017cno\u015bci  od wzorca  konsumowania  korzy\u015bci  ekonomicznych  z  danego  sk\u0142adnika  rzeczowych  aktyw\u00f3w trwa\u0142ych: \u2022 metod\u0105 amortyzacji liniowej, dla sk\u0142adnik\u00f3w, kt\u00f3re s\u0105 wykorzystywane w procesie produkcji w r\u00f3wnomiernym stopniu w ca\u0142ym okresie ich u\u017cytkowania, oraz \u2022 metod\u0105 amortyzacji naturalnej (metod\u0105 jednostek produkcji), dla sk\u0142adnik\u00f3w w odniesieniu do kt\u00f3rych konsumpcja korzy\u015bci  ekonomicznych jest bezpo\u015brednio powi\u0105zana  z ilo\u015bci\u0105  wydobytej  kopaliny ze z\u0142o\u017ca lub z ilo\u015bci\u0105  wytworzonych jednostek produkcji i wydobycie to lub produkcja nie s\u0105 r\u00f3wnomierne w ca\u0142ym okresie ich u\u017cytkowania. W szczeg\u00f3lno\u015bci dotyczy  to  budynk\u00f3w  i  budowli  kopal\u0144,  jak  r\u00f3wnie\u017c  maszyn  i urz\u0105dze\u0144  g\u00f3rniczych  z  wyj\u0105tkiem  sk\u0142adnik\u00f3w  aktyw\u00f3w eksploatowanych  w  hutach,  gdzie  okres  u\u017cytkowania  wynika  z  okres\u00f3w  ekonomicznej  u\u017cyteczno\u015bci  poszczeg\u00f3lnych sk\u0142adnik\u00f3w aktyw\u00f3w.  Okresy  eksploatacji  i  tym  samym  stawki  amortyzacyjne  \u015brodk\u00f3w  trwa\u0142ych  funkcjonuj\u0105cych  w  ci\u0105gu  technologicznym produkcji miedzi, dostosowane s\u0105 do plan\u00f3w zako\u0144czenia dzia\u0142alno\u015bci, a w przypadku prawa do u\u017cytkowania aktyw\u00f3w do wcze\u015bniejszej z dw\u00f3ch dat \u2013 daty zako\u0144czenia okresu ekonomicznego u\u017cytkowania lub daty ko\u0144ca okresu leasingu, chyba \u017ce w\u0142asno\u015b\u0107  danego  sk\u0142adnika  zostanie  przeniesiona  na  Grup\u0119  przed  ko\u0144cem  okresu  leasingu,  wtedy  stawki  amortyzacji dostosowane s\u0105 do ko\u0144ca okresu szacowanego ekonomicznego u\u017cytkowania danego aktywa. Dla  poszczeg\u00f3lnych  grup  \u015brodk\u00f3w  trwa\u0142ych  przyj\u0119to  okresy  u\u017cytkowania  oszacowane  na  podstawie  oczekiwanego  \u017cycia kopal\u0144 i hut z uwzgl\u0119dnieniem zawarto\u015bci z\u0142o\u017ca, w nast\u0119puj\u0105cych przedzia\u0142ach: Dla \u015brodk\u00f3w trwa\u0142ych w\u0142asnych: Grupa Rodzaj \u015brodka trwa\u0142ego Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Grunty  Nie podlegaj\u0105 amortyzacji Budynki: - budynki w hutach i kopalniach, - wiaty, zbiorniki, kontenerowe rozdzielnie 40-100 lat 20-30 lat Kapitalne wyrobiska g\u00f3rnicze  22-90 lat Ruroci\u0105gi: - podsadzkowe do przesy\u0142u piasku z wod\u0105, - technologiczne, odwadniaj\u0105ce, gazowe, przeciwpo\u017carowe                             6-9 lat 22-90 lat Linie kablowe elektroenergetyczne, sygnalizacyjne i \u015bwiat\u0142owodowe 10-70 lat Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Urz\u0105dzenia techniczne i maszyny: - samojezdne maszyny g\u00f3rnicze,   obudowy    kopalniane - przeno\u015bniki ta\u015bmowe, wagi przeno\u015bnikowe - rozdzielnice, rozdzielnie   4-10 lat 10-66 lat 4-50 lat \u015arodki transportu: - lokomotywy do\u0142owe elektryczne, - wozy kopalniane, szynowe, cysterny, platformy do transportu - w\u00f3zki jezdne, wid\u0142owe, akumulatorowe - samochody osobowe, ci\u0119\u017carowe, specjalne - lokomotywy do\u0142owe spalinowe 20-50 lat 7-35 lat 7-22 lat 5-22 lat 10-20 lat Inne \u015brodki trwa\u0142e, w tym narz\u0119dzia i przyrz\u0105dy 5-25 lat         Koszty zdejmowania         Ca\u0142kowity okres u\u017cytkowania uzale\u017cniony jest od oczekiwanej          nadk\u0142adu                             d\u0142ugo\u015bci \u017cycia kopalni, kt\u00f3rej dotyczy nadk\u0142ad:                                                        - Robinson                                                                                                  14 lat                                                        - Carlota                                                                                                        2 lata Poszczeg\u00f3lne istotne cz\u0119\u015bci sk\u0142adowe \u015brodka trwa\u0142ego (istotne komponenty), kt\u00f3rych okres u\u017cytkowania r\u00f3\u017cni si\u0119 od okresu u\u017cytkowania  ca\u0142ego  \u015brodka  trwa\u0142ego,  amortyzowane  s\u0105  odr\u0119bnie,  przy  zastosowaniu  stawek  amortyzacyjnych odzwierciedlaj\u0105cych  przewidywany okres ich u\u017cytkowania. Dla rzeczowych aktyw\u00f3w trwa\u0142ych z tytu\u0142u prawa do u\u017cytkowania aktyw\u00f3w: Grupa  Rodzaj prawa do u\u017cytkowania  Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Prawo wieczystego u\u017cytkowania grunt\u00f3w             wyceniane metod\u0105 renty wieczystej Nie podlega amortyzacji S\u0142u\u017cebno\u015b\u0107 przesy\u0142u 6-54 lat (okres amortyzacji jest zale\u017cny  od okresu amortyzacji sk\u0142adnika aktyw\u00f3w w zwi\u0105zku z kt\u00f3rym s\u0142u\u017cebno\u015b\u0107 zosta\u0142a ustanowiona) Nieruchomo\u015bci gruntowe                                           5-30 lat Budynki i budowle                                                    3-5 lat Zespo\u0142y komputerowe    3 lata Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Maszyny i urz\u0105dzenia techniczne                               3-4 lat \u015arodki transportu                                     3 lata Wyposa\u017cenie i pozosta\u0142e                                                  5 lat Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Wa\u017cne  oszacowania  i  za\u0142o\u017cenia  dotycz\u0105ce  utraty  warto\u015bci  rzeczowych  i  niematerialnych  aktyw\u00f3w trwa\u0142ych  g\u00f3rniczych i hutniczych zosta\u0142y zaprezentowane w Nocie 3. Warto\u015b\u0107 netto rzecz owych aktyw\u00f3w g\u00f3rniczych i hutniczych podlegaj\u0105cych amortyzacji metod\u0105 naturaln\u0105 wynios\u0142a na dzie\u0144 31 grudnia 2022 r. 1 694 mln PLN (na dzie\u0144 31 grudnia 2021 r. 1 169 mln PLN). Pozosta\u0142e  rzeczowe  aktywa  trwa\u0142e  wycenia  si\u0119  w  cenie  nabycia/koszcie  wytworzenia  pomniejszonych  o skumulowan\u0105 amortyzacj\u0119 (umorzenie) oraz skumulowane odpisy z tytu\u0142u utraty warto\u015bci. Odpis\u00f3w amortyzacyjnych dokonuje si\u0119 metod\u0105 liniow\u0105.  Dla poszczeg\u00f3lnych grup \u015brodk\u00f3w trwa\u0142ych przyj\u0119to okresy u\u017cytkowania w nast\u0119puj\u0105cych przedzia\u0142ach: Grupa Ca\u0142kowity okres u\u017cytkowania Budynki i budowle 25-60 lat Urz\u0105dzenia techniczne i maszyny 4-15 lat \u015arodki transportu 3-14 lat Inne \u015brodki trwa\u0142e 5-10 lat ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "Zasady rachunkowo\u015bci - aktywa rzeczowe  Najistotniejsze  rzeczowe  aktywa  trwa\u0142e  Grupy  Kapita\u0142owej  stanowi\u0105  nieruchomo\u015bci  zwi\u0105zane  z  dzia\u0142alno\u015bci\u0105  g\u00f3rnicz\u0105 i hutnicz\u0105, obejmuj\u0105ce grunty w\u0142asne, budynki, obiekty in\u017cynierii wodnej i l\u0105dowej, takie jak: kapitalne wyrobiska g\u00f3rnicze (w tym, w kopalniach g\u0142\u0119binowych: szyby, studnie, sztolnie, chodniki, komory g\u0142\u00f3wne), ruroci\u0105gi podsadzkowe, odwadniaj\u0105ce i przeciwpo\u017carowe,  otwory  piezometryczne,  linie  kablowe  elektroenergetyczne,  sygnalizacyjne  i  \u015bwiat\u0142owodowe. Do rzeczowych  aktyw\u00f3w  trwa\u0142ych  g\u00f3rniczych  i hutniczych  zalicza  si\u0119  r\u00f3wnie\u017c  koszty  usuwania  nadk\u0142adu  w  kopalniach odkrywkowych  oraz  maszyny,  urz\u0105dzenia  techniczne,  \u015brodki  transportu  i  inne  ruchome  \u015brodki  trwa\u0142e  oraz  prawa  do u\u017cytkowania aktyw\u00f3w ujmowane zgodnie z MSSF 16 Leasing, w tym prawo wieczystego u\u017cytkowania grunt\u00f3w. Rzeczowe aktywa trwa\u0142e z wy\u0142\u0105czeniem prawa do u\u017cytkowania aktyw\u00f3w, wycenia si\u0119 w cenie nabycia/koszcie wytworzenia pomniejszonych o skumulowan\u0105 amortyzacj\u0119 (umorzenie) oraz skumulowane odpisy z tytu\u0142u utraty warto\u015bci . W  warto\u015bci  pocz\u0105tkowej  \u015brodk\u00f3w  trwa\u0142ych  Grupa  ujmuje  zdyskontowane  koszty  likwidacji  \u015brodk\u00f3w  trwa\u0142ych,  kt\u00f3re  b\u0119d\u0105 ponoszone  po  zako\u0144czeniu dzia\u0142alno\u015bci  g\u00f3rniczej  podziemnej  i  odkrywkowej  oraz innych  obiekt\u00f3w,  kt\u00f3re  zgodnie z obowi\u0105zuj\u0105cym prawem podlegaj\u0105 likwidacji  po zako\u0144czeniu dzia\u0142alno\u015bci. Zasady ujmowania i  wyceny koszt\u00f3w likwidacji przedstawione s\u0105 w Nocie 9.4.  W warto\u015bci bilansowej \u015brodka trwa\u0142ego ujmuje si\u0119 koszty istotnych cz\u0119\u015bci sk\u0142adowych, regularnych, znacz\u0105cych przegl\u0105d\u00f3w, oraz koszty istotnych remont\u00f3w cyklicznych, kt\u00f3rych przeprowadzenie warunkuje dalsz\u0105 mo\u017cliwo\u015b\u0107 u\u017cytkowania aktywa. Cen\u0119  nabycia/koszt  wytworzenia  powi\u0119kszaj\u0105  koszty  finansowania  zewn\u0119trznego  (tj.  odsetki  oraz  r\u00f3\u017cnice  kursowe stanowi\u0105ce  korekt\u0119  kosztu  odsetek)  zaci\u0105gni\u0119tego  na  nabycie  lub wytworzenie  dostosowywanego  sk\u0142adnika  rzeczowych aktyw\u00f3w trwa\u0142ych. Sk\u0142adniki aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania wycenia si\u0119 pocz\u0105tkowo wed\u0142ug kosztu, kt\u00f3ry obejmuje kwot\u0119 pocz\u0105tkowej wyceny zobowi\u0105zania z tytu\u0142u leasingu, wszelkie op\u0142aty leasingowe zap\u0142acone w dacie rozpocz\u0119cia leasingu i przed t\u0105 dat\u0105, pomniejszone  o  wszelkie  otrzymane  zach\u0119ty  leasingowe,  wszelkie  pocz\u0105tkowe  koszty  bezpo\u015brednie  poniesione  przez leasingobiorc\u0119  oraz  szacunek  koszt\u00f3w,  kt\u00f3re  maj\u0105  zosta\u0107  poniesione  przez  leasingobiorc\u0119  w  zwi\u0105zku  z  demonta\u017cem i usuni\u0119ciem bazowego sk\u0142adnika aktyw\u00f3w lub przeprowadzeniem renowacji miejsca, w kt\u00f3rym si\u0119 znajdowa\u0142. Prawo wieczystego u\u017cytkowania grunt\u00f3w wyceniane jest w warto\u015bci zobowi\u0105zania z tytu\u0142u prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej  oraz  wszelkich  op\u0142at  leasingowych  zap\u0142aconych  w  dacie  rozpocz\u0119cia  lub przed t\u0105 dat\u0105 (w tym p\u0142atno\u015bci za nabycie tego prawa na rynku). Po pocz\u0105tkowym uj\u0119ciu sk\u0142adnik aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania,  z  wy\u0142\u0105czeniem prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej,  wycenia  si\u0119  wed\u0142ug  kosztu  pomniejszonego  o  skumulowane  odpisy amortyzacyjne i skumulowane odpisy z tytu\u0142u utraty warto\u015bci, skorygowanego o warto\u015b\u0107 aktualizacji wyceny zobowi\u0105zania z tytu\u0142u leasingu. Odpis\u00f3w amortyzacyjnych od \u015brodk\u00f3w trwa\u0142ych (z wy\u0142\u0105czeniem grunt\u00f3w i prawa wieczystego u\u017cytkowania grunt\u00f3w) Grupa dokonuje,  w  zale\u017cno\u015bci  od wzorca  konsumowania  korzy\u015bci  ekonomicznych  z  danego  sk\u0142adnika  rzeczowych  aktyw\u00f3w trwa\u0142ych: \u2022 metod\u0105 amortyzacji liniowej, dla sk\u0142adnik\u00f3w, kt\u00f3re s\u0105 wykorzystywane w procesie produkcji w r\u00f3wnomiernym stopniu w ca\u0142ym okresie ich u\u017cytkowania, oraz \u2022 metod\u0105 amortyzacji naturalnej (metod\u0105 jednostek produkcji), dla sk\u0142adnik\u00f3w w odniesieniu do kt\u00f3rych konsumpcja korzy\u015bci  ekonomicznych jest bezpo\u015brednio powi\u0105zana  z ilo\u015bci\u0105  wydobytej  kopaliny ze z\u0142o\u017ca lub z ilo\u015bci\u0105  wytworzonych jednostek produkcji i wydobycie to lub produkcja nie s\u0105 r\u00f3wnomierne w ca\u0142ym okresie ich u\u017cytkowania. W szczeg\u00f3lno\u015bci dotyczy  to  budynk\u00f3w  i  budowli  kopal\u0144,  jak  r\u00f3wnie\u017c  maszyn  i urz\u0105dze\u0144  g\u00f3rniczych  z  wyj\u0105tkiem  sk\u0142adnik\u00f3w  aktyw\u00f3w eksploatowanych  w  hutach,  gdzie  okres  u\u017cytkowania  wynika  z  okres\u00f3w  ekonomicznej  u\u017cyteczno\u015bci  poszczeg\u00f3lnych sk\u0142adnik\u00f3w aktyw\u00f3w.  Okresy  eksploatacji  i  tym  samym  stawki  amortyzacyjne  \u015brodk\u00f3w  trwa\u0142ych  funkcjonuj\u0105cych  w  ci\u0105gu  technologicznym produkcji miedzi, dostosowane s\u0105 do plan\u00f3w zako\u0144czenia dzia\u0142alno\u015bci, a w przypadku prawa do u\u017cytkowania aktyw\u00f3w do wcze\u015bniejszej z dw\u00f3ch dat \u2013 daty zako\u0144czenia okresu ekonomicznego u\u017cytkowania lub daty ko\u0144ca okresu leasingu, chyba \u017ce w\u0142asno\u015b\u0107  danego  sk\u0142adnika  zostanie  przeniesiona  na  Grup\u0119  przed  ko\u0144cem  okresu  leasingu,  wtedy  stawki  amortyzacji dostosowane s\u0105 do ko\u0144ca okresu szacowanego ekonomicznego u\u017cytkowania danego aktywa. Dla  poszczeg\u00f3lnych  grup  \u015brodk\u00f3w  trwa\u0142ych  przyj\u0119to  okresy  u\u017cytkowania  oszacowane  na  podstawie  oczekiwanego  \u017cycia kopal\u0144 i hut z uwzgl\u0119dnieniem zawarto\u015bci z\u0142o\u017ca, w nast\u0119puj\u0105cych przedzia\u0142ach: Dla \u015brodk\u00f3w trwa\u0142ych w\u0142asnych: Grupa Rodzaj \u015brodka trwa\u0142ego Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Grunty  Nie podlegaj\u0105 amortyzacji Budynki: - budynki w hutach i kopalniach, - wiaty, zbiorniki, kontenerowe rozdzielnie 40-100 lat 20-30 lat Kapitalne wyrobiska g\u00f3rnicze  22-90 lat Ruroci\u0105gi: - podsadzkowe do przesy\u0142u piasku z wod\u0105, - technologiczne, odwadniaj\u0105ce, gazowe, przeciwpo\u017carowe                             6-9 lat 22-90 lat Linie kablowe elektroenergetyczne, sygnalizacyjne i \u015bwiat\u0142owodowe 10-70 lat Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Urz\u0105dzenia techniczne i maszyny: - samojezdne maszyny g\u00f3rnicze,   obudowy    kopalniane - przeno\u015bniki ta\u015bmowe, wagi przeno\u015bnikowe - rozdzielnice, rozdzielnie   4-10 lat 10-66 lat 4-50 lat \u015arodki transportu: - lokomotywy do\u0142owe elektryczne, - wozy kopalniane, szynowe, cysterny, platformy do transportu - w\u00f3zki jezdne, wid\u0142owe, akumulatorowe - samochody osobowe, ci\u0119\u017carowe, specjalne - lokomotywy do\u0142owe spalinowe 20-50 lat 7-35 lat 7-22 lat 5-22 lat 10-20 lat Inne \u015brodki trwa\u0142e, w tym narz\u0119dzia i przyrz\u0105dy 5-25 lat         Koszty zdejmowania         Ca\u0142kowity okres u\u017cytkowania uzale\u017cniony jest od oczekiwanej          nadk\u0142adu                             d\u0142ugo\u015bci \u017cycia kopalni, kt\u00f3rej dotyczy nadk\u0142ad:                                                        - Robinson                                                                                                  14 lat                                                        - Carlota                                                                                                        2 lata Poszczeg\u00f3lne istotne cz\u0119\u015bci sk\u0142adowe \u015brodka trwa\u0142ego (istotne komponenty), kt\u00f3rych okres u\u017cytkowania r\u00f3\u017cni si\u0119 od okresu u\u017cytkowania  ca\u0142ego  \u015brodka  trwa\u0142ego,  amortyzowane  s\u0105  odr\u0119bnie,  przy  zastosowaniu  stawek  amortyzacyjnych odzwierciedlaj\u0105cych  przewidywany okres ich u\u017cytkowania. Dla rzeczowych aktyw\u00f3w trwa\u0142ych z tytu\u0142u prawa do u\u017cytkowania aktyw\u00f3w: Grupa  Rodzaj prawa do u\u017cytkowania  Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Prawo wieczystego u\u017cytkowania grunt\u00f3w             wyceniane metod\u0105 renty wieczystej Nie podlega amortyzacji S\u0142u\u017cebno\u015b\u0107 przesy\u0142u 6-54 lat (okres amortyzacji jest zale\u017cny  od okresu amortyzacji sk\u0142adnika aktyw\u00f3w w zwi\u0105zku z kt\u00f3rym s\u0142u\u017cebno\u015b\u0107 zosta\u0142a ustanowiona) Nieruchomo\u015bci gruntowe                                           5-30 lat Budynki i budowle                                                    3-5 lat Zespo\u0142y komputerowe    3 lata Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Maszyny i urz\u0105dzenia techniczne                               3-4 lat \u015arodki transportu                                     3 lata Wyposa\u017cenie i pozosta\u0142e                                                  5 lat Zasady rachunkowo\u015bci - aktywa niematerialne Aktywa  niematerialne  g\u00f3rnicze  i  hutnicze  obejmuj\u0105  przede  wszystkim:  aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w mineralnych oraz prawa do wody w Chile.  Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych W ramach aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych kwalifikowane s\u0105 nak\u0142ady na: \u2022 projekty rob\u00f3t geologicznych, \u2022 uzyskanie decyzji \u015brodowiskowych, \u2022 uzyskanie koncesji i u\u017cytkowania g\u00f3rniczego na poszukiwania geologiczne, \u2022 realizacj\u0119 rob\u00f3t i prac wiertniczych (wiercenia, badania geofizyczne, hydrogeologiczne, obs\u0142uga geologiczna, analityka, geotechnika, itd.), \u2022 zakup informacji geologicznych, \u2022 wykonanie dokumentacji geologicznej i jej zatwierdzenie, \u2022 wykonanie oceny ekonomiczno-technicznej zasob\u00f3w dla potrzeb decyzji  o wnioskowanie  o  koncesje na eksploatacj\u0119 g\u00f3rnicz\u0105, \u2022 koszty zu\u017cycia urz\u0105dze\u0144 i sprz\u0119tu (rzeczowe aktywa trwa\u0142e) s\u0142u\u017c\u0105cego do prowadzenia prac poszukiwawczych. Nak\u0142ady na  aktywa  z tytu\u0142u  poszukiwania i  oceny  zasob\u00f3w mineralnych wycenia  si\u0119 w  wysoko\u015bci kosztu pomniejszonego o skumulowane odpisy z tytu\u0142u utraty warto\u015bci i ujmuje si\u0119 je jako warto\u015bci niematerialne nieoddane do u\u017cytkowania. Testy na utrat\u0119 warto\u015bci na pojedynczej jednostce (projekcie) Grupa przeprowadza obowi\u0105zkowo z chwil\u0105: \u2022 wykazania technicznej wykonalno\u015bci i komercyjnej zasadno\u015bci wydobywania zasob\u00f3w mineralnych, oraz \u2022 gdy fakty i okoliczno\u015bci wskazuj\u0105, \u017ce warto\u015b\u0107 bilansowa aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych mo\u017ce przewy\u017csza\u0107 ich warto\u015b\u0107 odzyskiwaln\u0105. Ewentualne odpisy  ujmuje  si\u0119  przed  dokonaniem przeklasyfikowania  wynikaj\u0105cego  z  wykazania technicznej  wykonalno\u015bci i ekonomicznej zasadno\u015bci wydobywania zasob\u00f3w mineralnych.   Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Wa\u017cne  oszacowania  i  za\u0142o\u017cenia  dotycz\u0105ce  utraty  warto\u015bci  rzeczowych  i  niematerialnych  aktyw\u00f3w trwa\u0142ych  g\u00f3rniczych i hutniczych zosta\u0142y zaprezentowane w Nocie 3. Warto\u015b\u0107 netto rzecz owych aktyw\u00f3w g\u00f3rniczych i hutniczych podlegaj\u0105cych amortyzacji metod\u0105 naturaln\u0105 wynios\u0142a na dzie\u0144 31 grudnia 2022 r. 1 694 mln PLN (na dzie\u0144 31 grudnia 2021 r. 1 169 mln PLN). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMiningAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-384": {
   "value": "W  warto\u015bci  pocz\u0105tkowej  \u015brodk\u00f3w  trwa\u0142ych  Grupa  ujmuje  zdyskontowane  koszty  likwidacji  \u015brodk\u00f3w  trwa\u0142ych,  kt\u00f3re  b\u0119d\u0105 ponoszone  po  zako\u0144czeniu dzia\u0142alno\u015bci  g\u00f3rniczej  podziemnej  i  odkrywkowej  oraz innych  obiekt\u00f3w,  kt\u00f3re  zgodnie z obowi\u0105zuj\u0105cym prawem podlegaj\u0105 likwidacji  po zako\u0144czeniu dzia\u0142alno\u015bci. Zasady ujmowania i  wyceny koszt\u00f3w likwidacji przedstawione s\u0105 w Nocie 9.4.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForStrippingCostsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-385": {
   "value": "W warto\u015bci bilansowej \u015brodka trwa\u0142ego ujmuje si\u0119 koszty istotnych cz\u0119\u015bci sk\u0142adowych, regularnych, znacz\u0105cych przegl\u0105d\u00f3w, oraz koszty istotnych remont\u00f3w cyklicznych, kt\u00f3rych przeprowadzenie warunkuje dalsz\u0105 mo\u017cliwo\u015b\u0107 u\u017cytkowania aktywa. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-386": {
   "value": "Cen\u0119  nabycia/koszt  wytworzenia  powi\u0119kszaj\u0105  koszty  finansowania  zewn\u0119trznego  (tj.  odsetki  oraz  r\u00f3\u017cnice  kursowe stanowi\u0105ce  korekt\u0119  kosztu  odsetek)  zaci\u0105gni\u0119tego  na  nabycie  lub wytworzenie  dostosowywanego  sk\u0142adnika  rzeczowych aktyw\u00f3w trwa\u0142ych. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-387": {
   "value": "Sk\u0142adniki aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania wycenia si\u0119 pocz\u0105tkowo wed\u0142ug kosztu, kt\u00f3ry obejmuje kwot\u0119 pocz\u0105tkowej wyceny zobowi\u0105zania z tytu\u0142u leasingu, wszelkie op\u0142aty leasingowe zap\u0142acone w dacie rozpocz\u0119cia leasingu i przed t\u0105 dat\u0105, pomniejszone  o  wszelkie  otrzymane  zach\u0119ty  leasingowe,  wszelkie  pocz\u0105tkowe  koszty  bezpo\u015brednie  poniesione  przez leasingobiorc\u0119  oraz  szacunek  koszt\u00f3w,  kt\u00f3re  maj\u0105  zosta\u0107  poniesione  przez  leasingobiorc\u0119  w  zwi\u0105zku  z  demonta\u017cem i usuni\u0119ciem bazowego sk\u0142adnika aktyw\u00f3w lub przeprowadzeniem renowacji miejsca, w kt\u00f3rym si\u0119 znajdowa\u0142. Prawo wieczystego u\u017cytkowania grunt\u00f3w wyceniane jest w warto\u015bci zobowi\u0105zania z tytu\u0142u prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej  oraz  wszelkich  op\u0142at  leasingowych  zap\u0142aconych  w  dacie  rozpocz\u0119cia  lub przed t\u0105 dat\u0105 (w tym p\u0142atno\u015bci za nabycie tego prawa na rynku). Po pocz\u0105tkowym uj\u0119ciu sk\u0142adnik aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania,  z  wy\u0142\u0105czeniem prawa wieczystego u\u017cytkowania grunt\u00f3w  wycenionego  metod\u0105  renty  wieczystej,  wycenia  si\u0119  wed\u0142ug  kosztu  pomniejszonego  o  skumulowane  odpisy amortyzacyjne i skumulowane odpisy z tytu\u0142u utraty warto\u015bci, skorygowanego o warto\u015b\u0107 aktualizacji wyceny zobowi\u0105zania z tytu\u0142u leasingu. Zasady rachunkowo\u015bci Grupa jako leasingobiorca, identyfikuje leasing w umowach dotycz\u0105cych u\u017cytkowania m.in. nieruchomo\u015bci gruntowych, prawa  wieczystego  u\u017cytkowania  grunt\u00f3w,  s\u0142u\u017cebno\u015bci  przesy\u0142u,  urz\u0105dze\u0144  technicznych  i  maszyn  oraz  \u015brodk\u00f3w transportu. Grupa  stosuje  jednolity  model  uj\u0119cia  ksi\u0119gowego  leasingu,  kt\u00f3ry  zak\u0142ada  rozpoznanie  przez  leasingobiorc\u0119  aktyw\u00f3w z tytu\u0142u  prawa  do  u\u017cytkowania  i  zobowi\u0105za\u0144  z  tytu\u0142u  leasingu  zwi\u0105zanych  z  wszystkimi  umowami  leasingowymi, z uwzgl\u0119dnieniem zwolnie\u0144. Grupa nie ujmuje aktyw\u00f3w i zobowi\u0105za\u0144 z tytu\u0142u leasingu w odniesieniu do: \u2022  leasing\u00f3w kr\u00f3tkoterminowych - dotyczy um\u00f3w bez mo\u017cliwo\u015bci zakupu sk\u0142adnika aktyw\u00f3w, zawartych na okres kr\u00f3tszy  ni\u017c  12  miesi\u0119cy  od  momentu  rozpocz\u0119cia  umowy,  w  tym  um\u00f3w  zawartych  na  czas  nieokre\u015blony z kr\u00f3tkim  okresem  wypowiedzenia,  w  przypadku  kt\u00f3rych  nie  wyst\u0119puje  rozs\u0105dna  pewno\u015b\u0107,  i\u017c  Grupa  nie skorzysta z wypowiedzenia. \u2022  leasing\u00f3w, w kt\u00f3rych bazowy sk\u0142adnik aktyw\u00f3w ma nisk\u0105 warto\u015b\u0107.  W  przypadku  umowy,  kt\u00f3ra  jest  leasingiem  lub  zawiera  leasing,  Grupa  ujmuje  ka\u017cdy  element  leasingowy  w  ramach umowy jako leasing odr\u0119bnie od element\u00f3w nieleasingowych.  Grupa  okre\u015bla  okres  leasingu  jako  obejmuj\u0105cy  nieodwo\u0142ywalny  okres  umowy  leasingu,  \u0142\u0105cznie  z  okresami,  na  kt\u00f3re mo\u017cna  przed\u0142u\u017cy\u0107  leasing,  je\u017celi  mo\u017cna  z  wystarczaj\u0105c\u0105  pewno\u015bci\u0105  za\u0142o\u017cy\u0107,  \u017ce  Grupa  skorzysta  z  tego  prawa  oraz z okresami,  w  kt\u00f3rych  mo\u017cna  wypowiedzie\u0107  leasing,  je\u017celi  mo\u017cna  z  wystarczaj\u0105c\u0105  pewno\u015bci\u0105  za\u0142o\u017cy\u0107,  \u017ce  Grupa  nie skorzysta z tego prawa.  Sk\u0142adniki aktyw\u00f3w z tytu\u0142u prawa do u\u017cytkowania oraz polityk\u0119 wyceny tych aktyw\u00f3w  przedstawia  Nota 9.1. Zobowi\u0105zanie  z  tytu\u0142u  leasingu  Grupa  wycenia  pocz\u0105tkowo  w  wysoko\u015bci  warto\u015bci  bie\u017c\u0105cej  op\u0142at  leasingowych pozostaj\u0105cych  do  zap\u0142aty  w  dacie  pocz\u0105tkowego  uj\u0119cia,  kt\u00f3re  obejmuj\u0105:  sta\u0142e  op\u0142aty  leasingowe,  zmienne  op\u0142aty leasingowe,  kt\u00f3re  zale\u017c\u0105  od  indeksu  lub  stawki,  kwoty,  kt\u00f3rych  zap\u0142aty  przez  leasingobiorc\u0119  oczekuje  si\u0119  w  ramach gwarantowanej warto\u015bci ko\u0144cowej, cen\u0119 wykonania opcji kupna je\u017celi jest rozs\u0105dnie pewne \u017ce leasingobiorca wykona opcj\u0119  oraz  kary  pieni\u0119\u017cne  za  wypowiedzenie  leasingu  je\u017celi  ustalony  okres  leasingu  ustalono  zak\u0142adaj\u0105c,  \u017ce leasingobiorca  wypowie  umow\u0119.  Do  sta\u0142ych  op\u0142at  leasingowych  Grupa  zalicza  r\u00f3wnie\u017c  op\u0142aty  z  tytu\u0142u  wy\u0142\u0105czenia grunt\u00f3w  z  produkcji  le\u015bnej  i  rolnej,  je\u017celi  dotycz\u0105  nieruchomo\u015bci  gruntowych  u\u017cytkowanych  na  podstawie  um\u00f3w stanowi\u0105cych leasing. Z op\u0142at leasingowych wy\u0142\u0105czone s\u0105 zmienne op\u0142aty ponoszone przez leasingobiorc\u0119 na rzecz leasingodawcy za prawo do u\u017cytkowania bazowego sk\u0142adnika aktyw\u00f3w w okresie leasingu, kt\u00f3re uzale\u017cnione s\u0105 od czynnik\u00f3w zewn\u0119trznych, inne ni\u017c op\u0142aty zale\u017cne od stawki lub indeksu.  Po dacie rozpocz\u0119cia leasingu Grupa wycenia warto\u015b\u0107 bilansow\u0105 zobowi\u0105zania z tytu\u0142u leasingu poprzez: - zwi\u0119kszenie z tytu\u0142u odsetek od zobowi\u0105zania z tytu\u0142u leasingu, - zmniejszenie z tytu\u0142u zap\u0142aconych op\u0142at leasingowych, - aktualizacj\u0119 z tytu\u0142u ponownej oceny lub modyfikacji umowy leasingu. Zobowi\u0105zania z tytu\u0142u leasingu zosta\u0142y zaprezentowane w Nocie 8. Stopa leasingowa -  op\u0142aty  leasingowe  Grupa dyskontuje kra\u0144cow\u0105 stop\u0105  procentow\u0105 leasingobiorcy, poniewa\u017c  stopy procentowej umowy leasingu z regu\u0142y nie mo\u017cna z \u0142atwo\u015bci\u0105 ustali\u0107.  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Identyfikacja komponent\u00f3w nieleasingowych W umowach dotycz\u0105cych najmu maszyn g\u00f3rniczych, opr\u00f3cz elementu leasingowego Grupa zidentyfikowa\u0142a komponenty nieleasingowe, zwi\u0105zane ze \u015bwiadczeniem us\u0142ug innych ni\u017c wynajem sk\u0142adnik\u00f3w aktyw\u00f3w. Do wydzielenia komponentu leasingowego  i  nieleasingowego  Grupa  zastosowa\u0142a  os\u0105d,  alokuj\u0105c  odpowiednio  wynagrodzenie  z  danej  umowy  na obydwa komponenty na podstawie wzgl\u0119dnej jednostkowej ceny elementu leasingowego oraz ca\u0142kowitej jednostkowej ceny element\u00f3w nieleasingowych.  Szacunek kra\u0144cowej stopy procentowej leasingu W celu obliczenia st\u00f3p dyskonta na potrzeby MSSF 16 Grupa przyjmuje, \u017ce stopa dyskonta powinna odzwierciedla\u0107 koszt finansowania, jakie by\u0142oby zaci\u0105gni\u0119te na zakup przedmiotu podlegaj\u0105cego leasingowi. Grupa kalkuluje kra\u0144cowe stopy procentowe  dla  poszczeg\u00f3lnych  zakres\u00f3w  czasowych  um\u00f3w  leasingowych  w  okresach  kwartalnych  i  stopa  ta  jest wykorzystywana  do  wyceny  zobowi\u0105za\u0144  leasingowych  powstaj\u0105cych  z  um\u00f3w  leasingowych  zawartych  lub zmodyfikowanych w trakcie danego kwarta\u0142u.  Poziom istotno\u015bci dla identyfikacji leasing\u00f3w aktyw\u00f3w o niskiej warto\u015bci sk\u0142adnika bazowego wynosi 20 000 PLN. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-388": {
   "value": "Odpis\u00f3w amortyzacyjnych od \u015brodk\u00f3w trwa\u0142ych (z wy\u0142\u0105czeniem grunt\u00f3w i prawa wieczystego u\u017cytkowania grunt\u00f3w) Grupa dokonuje,  w  zale\u017cno\u015bci  od wzorca  konsumowania  korzy\u015bci  ekonomicznych  z  danego  sk\u0142adnika  rzeczowych  aktyw\u00f3w trwa\u0142ych: \u2022 metod\u0105 amortyzacji liniowej, dla sk\u0142adnik\u00f3w, kt\u00f3re s\u0105 wykorzystywane w procesie produkcji w r\u00f3wnomiernym stopniu w ca\u0142ym okresie ich u\u017cytkowania, oraz \u2022 metod\u0105 amortyzacji naturalnej (metod\u0105 jednostek produkcji), dla sk\u0142adnik\u00f3w w odniesieniu do kt\u00f3rych konsumpcja korzy\u015bci  ekonomicznych jest bezpo\u015brednio powi\u0105zana  z ilo\u015bci\u0105  wydobytej  kopaliny ze z\u0142o\u017ca lub z ilo\u015bci\u0105  wytworzonych jednostek produkcji i wydobycie to lub produkcja nie s\u0105 r\u00f3wnomierne w ca\u0142ym okresie ich u\u017cytkowania. W szczeg\u00f3lno\u015bci dotyczy  to  budynk\u00f3w  i  budowli  kopal\u0144,  jak  r\u00f3wnie\u017c  maszyn  i urz\u0105dze\u0144  g\u00f3rniczych  z  wyj\u0105tkiem  sk\u0142adnik\u00f3w  aktyw\u00f3w eksploatowanych  w  hutach,  gdzie  okres  u\u017cytkowania  wynika  z  okres\u00f3w  ekonomicznej  u\u017cyteczno\u015bci  poszczeg\u00f3lnych sk\u0142adnik\u00f3w aktyw\u00f3w.  Okresy  eksploatacji  i  tym  samym  stawki  amortyzacyjne  \u015brodk\u00f3w  trwa\u0142ych  funkcjonuj\u0105cych  w  ci\u0105gu  technologicznym produkcji miedzi, dostosowane s\u0105 do plan\u00f3w zako\u0144czenia dzia\u0142alno\u015bci, a w przypadku prawa do u\u017cytkowania aktyw\u00f3w do wcze\u015bniejszej z dw\u00f3ch dat \u2013 daty zako\u0144czenia okresu ekonomicznego u\u017cytkowania lub daty ko\u0144ca okresu leasingu, chyba \u017ce w\u0142asno\u015b\u0107  danego  sk\u0142adnika  zostanie  przeniesiona  na  Grup\u0119  przed  ko\u0144cem  okresu  leasingu,  wtedy  stawki  amortyzacji dostosowane s\u0105 do ko\u0144ca okresu szacowanego ekonomicznego u\u017cytkowania danego aktywa. Dla  poszczeg\u00f3lnych  grup  \u015brodk\u00f3w  trwa\u0142ych  przyj\u0119to  okresy  u\u017cytkowania  oszacowane  na  podstawie  oczekiwanego  \u017cycia kopal\u0144 i hut z uwzgl\u0119dnieniem zawarto\u015bci z\u0142o\u017ca, w nast\u0119puj\u0105cych przedzia\u0142ach:  Dla \u015brodk\u00f3w trwa\u0142ych w\u0142asnych: Grupa Rodzaj \u015brodka trwa\u0142ego Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Grunty  Nie podlegaj\u0105 amortyzacji Budynki: - budynki w hutach i kopalniach, - wiaty, zbiorniki, kontenerowe rozdzielnie 40-100 lat 20-30 lat Kapitalne wyrobiska g\u00f3rnicze  22-90 lat Ruroci\u0105gi: - podsadzkowe do przesy\u0142u piasku z wod\u0105, - technologiczne, odwadniaj\u0105ce, gazowe, przeciwpo\u017carowe                             6-9 lat 22-90 lat Linie kablowe elektroenergetyczne, sygnalizacyjne i \u015bwiat\u0142owodowe 10-70 lat Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Urz\u0105dzenia techniczne i maszyny: - samojezdne maszyny g\u00f3rnicze,   obudowy    kopalniane - przeno\u015bniki ta\u015bmowe, wagi przeno\u015bnikowe - rozdzielnice, rozdzielnie   4-10 lat 10-66 lat 4-50 lat \u015arodki transportu: - lokomotywy do\u0142owe elektryczne, - wozy kopalniane, szynowe, cysterny, platformy do transportu - w\u00f3zki jezdne, wid\u0142owe, akumulatorowe - samochody osobowe, ci\u0119\u017carowe, specjalne - lokomotywy do\u0142owe spalinowe 20-50 lat 7-35 lat 7-22 lat 5-22 lat 10-20 lat Inne \u015brodki trwa\u0142e, w tym narz\u0119dzia i przyrz\u0105dy 5-25 lat         Koszty zdejmowania         Ca\u0142kowity okres u\u017cytkowania uzale\u017cniony jest od oczekiwanej          nadk\u0142adu                             d\u0142ugo\u015bci \u017cycia kopalni, kt\u00f3rej dotyczy nadk\u0142ad:                                                        - Robinson                                                                                                  14 lat                                                        - Carlota                                                                                                        2 lata Poszczeg\u00f3lne istotne cz\u0119\u015bci sk\u0142adowe \u015brodka trwa\u0142ego (istotne komponenty), kt\u00f3rych okres u\u017cytkowania r\u00f3\u017cni si\u0119 od okresu u\u017cytkowania  ca\u0142ego  \u015brodka  trwa\u0142ego,  amortyzowane  s\u0105  odr\u0119bnie,  przy  zastosowaniu  stawek  amortyzacyjnych odzwierciedlaj\u0105cych  przewidywany okres ich u\u017cytkowania. Dla rzeczowych aktyw\u00f3w trwa\u0142ych z tytu\u0142u prawa do u\u017cytkowania aktyw\u00f3w: Grupa  Rodzaj prawa do u\u017cytkowania  Ca\u0142kowity okres u\u017cytkowania Budynki, budowle i grunty Prawo wieczystego u\u017cytkowania grunt\u00f3w             wyceniane metod\u0105 renty wieczystej Nie podlega amortyzacji S\u0142u\u017cebno\u015b\u0107 przesy\u0142u 6-54 lat (okres amortyzacji jest zale\u017cny  od okresu amortyzacji sk\u0142adnika aktyw\u00f3w w zwi\u0105zku z kt\u00f3rym s\u0142u\u017cebno\u015b\u0107 zosta\u0142a ustanowiona) Nieruchomo\u015bci gruntowe                                           5-30 lat Budynki i budowle                                                    3-5 lat Zespo\u0142y komputerowe    3 lata Urz\u0105dzenia techniczne,  maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e Maszyny i urz\u0105dzenia techniczne                               3-4 lat \u015arodki transportu                                     3 lata Wyposa\u017cenie i pozosta\u0142e                                                  5 lat Odpis\u00f3w amortyzacyjnych dokonuje si\u0119 metod\u0105 liniow\u0105.  Dla poszczeg\u00f3lnych grup \u015brodk\u00f3w trwa\u0142ych przyj\u0119to okresy u\u017cytkowania w nast\u0119puj\u0105cych przedzia\u0142ach: Grupa Ca\u0142kowity okres u\u017cytkowania Budynki i budowle 25-60 lat Urz\u0105dzenia techniczne i maszyny 4-15 lat \u015arodki transportu 3-14 lat Inne \u015brodki trwa\u0142e 5-10 lat Odpis\u00f3w  amortyzacyjnych  od  warto\u015bci  niematerialnych  dokonuje  si\u0119  metod\u0105  liniow\u0105,  przez  okres  ich  przewidywanego u\u017cytkowania. Dla g\u0142\u00f3wnych grup warto\u015bci niematerialnych okres u\u017cytkowania wynosi: Grupa Ca\u0142kowity okres                      u\u017cytkowania Nabyte prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3rnicz\u0105 5-50 lat Oprogramowanie komputerowe 2-5 lat Inne warto\u015bci niematerialne 40-50 lat ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "Zasady rachunkowo\u015bci - aktywa niematerialne Aktywa  niematerialne  g\u00f3rnicze  i  hutnicze  obejmuj\u0105  przede  wszystkim:  aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w mineralnych oraz prawa do wody w Chile.  Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych W ramach aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych kwalifikowane s\u0105 nak\u0142ady na: \u2022 projekty rob\u00f3t geologicznych, \u2022 uzyskanie decyzji \u015brodowiskowych, \u2022 uzyskanie koncesji i u\u017cytkowania g\u00f3rniczego na poszukiwania geologiczne, \u2022 realizacj\u0119 rob\u00f3t i prac wiertniczych (wiercenia, badania geofizyczne, hydrogeologiczne, obs\u0142uga geologiczna, analityka, geotechnika, itd.), \u2022 zakup informacji geologicznych, \u2022 wykonanie dokumentacji geologicznej i jej zatwierdzenie, \u2022 wykonanie oceny ekonomiczno-technicznej zasob\u00f3w dla potrzeb decyzji  o wnioskowanie  o  koncesje na eksploatacj\u0119 g\u00f3rnicz\u0105, \u2022 koszty zu\u017cycia urz\u0105dze\u0144 i sprz\u0119tu (rzeczowe aktywa trwa\u0142e) s\u0142u\u017c\u0105cego do prowadzenia prac poszukiwawczych. Nak\u0142ady na  aktywa  z tytu\u0142u  poszukiwania i  oceny  zasob\u00f3w mineralnych wycenia  si\u0119 w  wysoko\u015bci kosztu pomniejszonego o skumulowane odpisy z tytu\u0142u utraty warto\u015bci i ujmuje si\u0119 je jako warto\u015bci niematerialne nieoddane do u\u017cytkowania. Testy na utrat\u0119 warto\u015bci na pojedynczej jednostce (projekcie) Grupa przeprowadza obowi\u0105zkowo z chwil\u0105: \u2022 wykazania technicznej wykonalno\u015bci i komercyjnej zasadno\u015bci wydobywania zasob\u00f3w mineralnych, oraz \u2022 gdy fakty i okoliczno\u015bci wskazuj\u0105, \u017ce warto\u015b\u0107 bilansowa aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych mo\u017ce przewy\u017csza\u0107 ich warto\u015b\u0107 odzyskiwaln\u0105. Ewentualne odpisy  ujmuje  si\u0119  przed  dokonaniem przeklasyfikowania  wynikaj\u0105cego  z  wykazania technicznej  wykonalno\u015bci i ekonomicznej zasadno\u015bci wydobywania zasob\u00f3w mineralnych.   Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Wa\u017cne  oszacowania  i  za\u0142o\u017cenia  dotycz\u0105ce  utraty  warto\u015bci  rzeczowych  i  niematerialnych  aktyw\u00f3w trwa\u0142ych  g\u00f3rniczych i hutniczych zosta\u0142y zaprezentowane w Nocie 3. Warto\u015b\u0107 netto rzecz owych aktyw\u00f3w g\u00f3rniczych i hutniczych podlegaj\u0105cych amortyzacji metod\u0105 naturaln\u0105 wynios\u0142a na dzie\u0144 31 grudnia 2022 r. 1 694 mln PLN (na dzie\u0144 31 grudnia 2021 r. 1 169 mln PLN). Warto\u015bci  niematerialne  wykazane  jako  \u201epozosta\u0142e  warto\u015bci  niematerialne\u201d  obejmuj\u0105  w  szczeg\u00f3lno\u015bci:  nabyte  prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3rnicz\u0105 i oprogramowanie komputerowe. Aktywa te wycenia si\u0119 w cenie nabycia lub koszcie wytworzenia pomniejszonych o skumulowane odpisy amortyzacyjne i skumulowane odpisy z tytu\u0142u utraty warto\u015bci. Odpis\u00f3w  amortyzacyjnych  od  warto\u015bci  niematerialnych  dokonuje  si\u0119  metod\u0105  liniow\u0105,  przez  okres  ich  przewidywanego u\u017cytkowania. Dla g\u0142\u00f3wnych grup warto\u015bci niematerialnych okres u\u017cytkowania wynosi: Grupa Ca\u0142kowity okres                      u\u017cytkowania Nabyte prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3rnicz\u0105 5-50 lat Oprogramowanie komputerowe 2-5 lat Inne warto\u015bci niematerialne 40-50 lat ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "Zasady rachunkowo\u015bci - aktywa niematerialne Aktywa  niematerialne  g\u00f3rnicze  i  hutnicze  obejmuj\u0105  przede  wszystkim:  aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w mineralnych oraz prawa do wody w Chile.  Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych W ramach aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych kwalifikowane s\u0105 nak\u0142ady na: \u2022 projekty rob\u00f3t geologicznych, \u2022 uzyskanie decyzji \u015brodowiskowych, \u2022 uzyskanie koncesji i u\u017cytkowania g\u00f3rniczego na poszukiwania geologiczne, \u2022 realizacj\u0119 rob\u00f3t i prac wiertniczych (wiercenia, badania geofizyczne, hydrogeologiczne, obs\u0142uga geologiczna, analityka, geotechnika, itd.), \u2022 zakup informacji geologicznych, \u2022 wykonanie dokumentacji geologicznej i jej zatwierdzenie, \u2022 wykonanie oceny ekonomiczno-technicznej zasob\u00f3w dla potrzeb decyzji  o wnioskowanie  o  koncesje na eksploatacj\u0119 g\u00f3rnicz\u0105, \u2022 koszty zu\u017cycia urz\u0105dze\u0144 i sprz\u0119tu (rzeczowe aktywa trwa\u0142e) s\u0142u\u017c\u0105cego do prowadzenia prac poszukiwawczych. Nak\u0142ady na  aktywa  z tytu\u0142u  poszukiwania i  oceny  zasob\u00f3w mineralnych wycenia  si\u0119 w  wysoko\u015bci kosztu pomniejszonego o skumulowane odpisy z tytu\u0142u utraty warto\u015bci i ujmuje si\u0119 je jako warto\u015bci niematerialne nieoddane do u\u017cytkowania. Testy na utrat\u0119 warto\u015bci na pojedynczej jednostce (projekcie) Grupa przeprowadza obowi\u0105zkowo z chwil\u0105: \u2022 wykazania technicznej wykonalno\u015bci i komercyjnej zasadno\u015bci wydobywania zasob\u00f3w mineralnych, oraz \u2022 gdy fakty i okoliczno\u015bci wskazuj\u0105, \u017ce warto\u015b\u0107 bilansowa aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych mo\u017ce przewy\u017csza\u0107 ich warto\u015b\u0107 odzyskiwaln\u0105. Ewentualne odpisy  ujmuje  si\u0119  przed  dokonaniem przeklasyfikowania  wynikaj\u0105cego  z  wykazania technicznej  wykonalno\u015bci i ekonomicznej zasadno\u015bci wydobywania zasob\u00f3w mineralnych.   Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Wa\u017cne  oszacowania  i  za\u0142o\u017cenia  dotycz\u0105ce  utraty  warto\u015bci  rzeczowych  i  niematerialnych  aktyw\u00f3w trwa\u0142ych  g\u00f3rniczych i hutniczych zosta\u0142y zaprezentowane w Nocie 3. Warto\u015b\u0107 netto rzecz owych aktyw\u00f3w g\u00f3rniczych i hutniczych podlegaj\u0105cych amortyzacji metod\u0105 naturaln\u0105 wynios\u0142a na dzie\u0144 31 grudnia 2022 r. 1 694 mln PLN (na dzie\u0144 31 grudnia 2021 r. 1 169 mln PLN). Warto\u015bci  niematerialne  wykazane  jako  \u201epozosta\u0142e  warto\u015bci  niematerialne\u201d  obejmuj\u0105  w  szczeg\u00f3lno\u015bci:  nabyte  prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3rnicz\u0105 i oprogramowanie komputerowe. Aktywa te wycenia si\u0119 w cenie nabycia lub koszcie wytworzenia pomniejszonych o skumulowane odpisy amortyzacyjne i skumulowane odpisy z tytu\u0142u utraty warto\u015bci. Odpis\u00f3w  amortyzacyjnych  od  warto\u015bci  niematerialnych  dokonuje  si\u0119  metod\u0105  liniow\u0105,  przez  okres  ich  przewidywanego u\u017cytkowania. Dla g\u0142\u00f3wnych grup warto\u015bci niematerialnych okres u\u017cytkowania wynosi: Grupa Ca\u0142kowity okres                      u\u017cytkowania Nabyte prawa maj\u0105tkowe niezwi\u0105zane z dzia\u0142alno\u015bci\u0105 g\u00f3rnicz\u0105 5-50 lat Oprogramowanie komputerowe 2-5 lat Inne warto\u015bci niematerialne 40-50 lat ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "Zasady rachunkowo\u015bci - aktywa niematerialne Aktywa  niematerialne  g\u00f3rnicze  i  hutnicze  obejmuj\u0105  przede  wszystkim:  aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w mineralnych oraz prawa do wody w Chile.  Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych W ramach aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych kwalifikowane s\u0105 nak\u0142ady na: \u2022 projekty rob\u00f3t geologicznych, \u2022 uzyskanie decyzji \u015brodowiskowych, \u2022 uzyskanie koncesji i u\u017cytkowania g\u00f3rniczego na poszukiwania geologiczne, \u2022 realizacj\u0119 rob\u00f3t i prac wiertniczych (wiercenia, badania geofizyczne, hydrogeologiczne, obs\u0142uga geologiczna, analityka, geotechnika, itd.), \u2022 zakup informacji geologicznych, \u2022 wykonanie dokumentacji geologicznej i jej zatwierdzenie, \u2022 wykonanie oceny ekonomiczno-technicznej zasob\u00f3w dla potrzeb decyzji  o wnioskowanie  o  koncesje na eksploatacj\u0119 g\u00f3rnicz\u0105, \u2022 koszty zu\u017cycia urz\u0105dze\u0144 i sprz\u0119tu (rzeczowe aktywa trwa\u0142e) s\u0142u\u017c\u0105cego do prowadzenia prac poszukiwawczych. Nak\u0142ady na  aktywa  z tytu\u0142u  poszukiwania i  oceny  zasob\u00f3w mineralnych wycenia  si\u0119 w  wysoko\u015bci kosztu pomniejszonego o skumulowane odpisy z tytu\u0142u utraty warto\u015bci i ujmuje si\u0119 je jako warto\u015bci niematerialne nieoddane do u\u017cytkowania. Testy na utrat\u0119 warto\u015bci na pojedynczej jednostce (projekcie) Grupa przeprowadza obowi\u0105zkowo z chwil\u0105: \u2022 wykazania technicznej wykonalno\u015bci i komercyjnej zasadno\u015bci wydobywania zasob\u00f3w mineralnych, oraz \u2022 gdy fakty i okoliczno\u015bci wskazuj\u0105, \u017ce warto\u015b\u0107 bilansowa aktyw\u00f3w z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych mo\u017ce przewy\u017csza\u0107 ich warto\u015b\u0107 odzyskiwaln\u0105. Ewentualne odpisy  ujmuje  si\u0119  przed  dokonaniem przeklasyfikowania  wynikaj\u0105cego  z  wykazania technicznej  wykonalno\u015bci i ekonomicznej zasadno\u015bci wydobywania zasob\u00f3w mineralnych.   Wa\u017cne oszacowania,  za\u0142o\u017cenia i os\u0105dy Wa\u017cne  oszacowania  i  za\u0142o\u017cenia  dotycz\u0105ce  utraty  warto\u015bci  rzeczowych  i  niematerialnych  aktyw\u00f3w trwa\u0142ych  g\u00f3rniczych i hutniczych zosta\u0142y zaprezentowane w Nocie 3. Warto\u015b\u0107 netto rzecz owych aktyw\u00f3w g\u00f3rniczych i hutniczych podlegaj\u0105cych amortyzacji metod\u0105 naturaln\u0105 wynios\u0142a na dzie\u0144 31 grudnia 2022 r. 1 694 mln PLN (na dzie\u0144 31 grudnia 2021 r. 1 169 mln PLN). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMiningRightsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-389": {
   "value": "Rzeczowe i niematerialne aktywa g\u00f3rnicze i hutnicze Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto 19 711  15 627  5 631  237  2 933   893 45 032 Umorzenie (9 396)  (7 905)  - -  -  ( 302) (17 603) Odpisy z tytu\u0142u utraty warto\u015bci (2 407)  ( 637)  ( 48) ( 172)  (1 537)  ( 28) (4 829) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 7 908  7 085  5 583  65  1 396   563 22 600 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  7 450  7 055  5 583  65  1 396   563 22 112 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   458   30  - -  -  -  488 Zmiany w roku 2021 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie 1 320  1 213  (2 533) -  -  - - Zakup  -  -  1 832  6   71   224 2 133 Leasing - nowe umowy, modyfikacje um\u00f3w  24   14  - -  -  -  38 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  537  -  - -  -  -  537 Wytworzenie we w\u0142asnym zakresie -  -   687 -   45   1  733 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   171 -   1   1  173 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 356)  -  - -  -  - ( 356) Nota 4.1  Amortyzacja, z tego: ( 782)  (1 127)  - -  -  ( 15) (1 924) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 757)  (1 115)  - -  -  ( 15) (1 887) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 25)  ( 12)  - -  -  - ( 37) Nota 4.4  (Utworzenie)/ odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 80)  ( 82)  ( 20) -  ( 10)  ( 2) ( 194) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  71   50   25  5   107   1  259 Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy -  -  - -  ( 176)  - ( 176) Darowizny i nieodp\u0142atne przyj\u0119cie z maj\u0105tku innych jednostek -  -  - -  -   268  268 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 3)  ( 7)  ( 9) -  -  ( 6) ( 25) Inne zmiany  9   40  ( 6) ( 9)  ( 3)  ( 98) ( 67) Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Zmiany w roku 2022 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie  691  1 750  (2 441) -  -  - - Zakup  -  -  1 901  4   114   18 2 037 Leasing - nowe umowy, modyfikacje um\u00f3w  133   12  - -  -  -  145 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  367  -  - -  -  -  367 Wytworzenie we w\u0142asnym zakresie -  -  1 027 -   68   2 1 097 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   182 -   42   2  226 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 42)  -  - -  -  - ( 42) Nota 4.1  Amortyzacja, z tego: ( 784)  (1 239)  - -  -  ( 20) (2 043) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 756)  (1 230)  - -  -  ( 20) (2 006) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 28)  ( 9)  - -  -  - ( 37) Nota 4.4  (Utworzenie) / odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci -  ( 7)  ( 6) -  ( 55)  ( 2) ( 70) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  77   51   40  6   108   2  284 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 5)  ( 40)  ( 19) -  -  ( 5) ( 69) Rozliczenie ze \u015brodk\u00f3w trwa\u0142ych w budowie na warto\u015bci niematerialne -  -  ( 38) -  -  - ( 38) Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105 -  -  - -  ( 125)  - ( 125) Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych  na pozosta\u0142e aktywa rzeczowe -  -  ( 197) -  -  - ( 197) Inne zmiany ( 3)  ( 24)  ( 56) ( 4)   94   88  95 Stan na 31.12.2022 Warto\u015b\u0107 brutto 23 383  17 466  6 147  274  3 480  1 411 52 161 Umorzenie (11 463)  (9 449)  - -  -  ( 362) (21 274) Odpisy z tytu\u0142u utraty warto\u015bci (2 838)  ( 328)  ( 24) ( 201)  (1 803)  ( 27) (5 221) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 9 082  7 689  6 123  73  1 677  1 022 25 666 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  8 521  7 652  6 123  73  1 677  1 022 25 068 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   561   37  - -  -  -  598  Nota 9.1.1 Rzeczowe aktywa trwa\u0142e g\u00f3rnicze i hutnicze \u2013 istotne \u015brodki trwa\u0142e w budowie Stan na  31.12.2022 Stan na  31.12.2021 Program Udost\u0119pnienie Z\u0142o\u017ca 3 318 2 796 Budowa szybu SW-4  589 565 Dzia\u0142alno\u015b\u0107 inwestycyjna zwi\u0105zana z rozbudow\u0105 i eksploatacj\u0105 Obiektu Unieszkodliwiania Odpad\u00f3w Wydobywczych  \u017belazny Most  280 424 Pompownia Dam\u00f3wka wraz z ruroci\u0105giem wody zwrotnej w Zak\u0142adzie Hydrotechnicznym  145 131 BAT As-Instalacja do usuwania arsenu i rt\u0119ci z gaz\u00f3w przed instalacj\u0105 Solinox  117 113 Modernizacja Hali Wanien HMG I- realizacja odtworzenia dachu i \u015bcian hali  96 89 Pozosta\u0142e aktywa rzeczowe i niematerialne  Rzeczowe aktywa trwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto  2 7822 754 288 4916 315Umorzenie  ( 899)(1 549)-( 207)(2 655)Odpisy z tytu\u0142u utraty warto\u015bci  ( 340)( 178)( 1)( 143)( 662)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5431 027 287 1412 998\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  1 377 976 287 1412 781\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   166 51-- 217Zmiany w roku 2021 netto  Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie   83 385( 468)--Zakup   -- 307 138 445Wytworzenie we w\u0142asnym zakresie  -- 78 1 79Leasing - nowe umowy, modyfikacje um\u00f3w  2 14-- 16 Nota 4.1  Amortyzacja, z tego: ( 84)( 221)-( 25)( 330)dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 83)( 203)-( 25)( 311)dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 1)( 18)--( 19) Nota 4.4  (Utworzenie)/odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 55)( 81)( 4)-( 140)Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ---( 18)( 18)Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy ( 2)---( 2)Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105  -----Inne zmiany   11- 11 13 35Stan na 31.12.2021 Warto\u015b\u0107 brutto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u utraty warto\u015bci  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  1 3341 078 211 2502 873   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   197 11 2- 210   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"  1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   166 46-- 212Rzeczowe aktywa trwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne RazemStan na 31.12.2021 Warto\u015b\u0107 brutto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u utraty warto\u015bci  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  1 3341 078 211 2502 873   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   197 11 2- 210   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"  1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   166 46-- 212   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   32--- 32   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"   134 46-- 180Zmiany w roku 2022 netto  Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie   267 284( 551)--Zakup   -- 218 107 325Wytworzenie we w\u0142asnym zakresie  -- 111- 111Leasing - nowe umowy, modyfikacje um\u00f3w  4 16-- 20 Nota 4.1  Amortyzacja, z tego: ( 94)( 236)-( 25)( 355)dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 93)( 218)-( 25)( 336)dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 1)( 18)--( 19) Nota 4.4  (Utworzenie)/odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 62)( 3)( 1)( 8)( 74)Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie -( 9)-( 32)( 41)Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych na pozosta\u0142e aktywa rzeczowe -- 197- 197Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105  ( 229)( 11)( 2)-( 242)Inne zmiany    7 18( 13)( 74)( 62)Stan na 31.12.2022 Warto\u015b\u0107 brutto  2 9193 194 176 6206 909Umorzenie  (1 058)(1 753)-( 250)(3 061)Odpisy z tytu\u0142u utraty warto\u015bci  ( 468)( 258)( 6)( 152)( 884)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 3931 183 170 2182 964\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  1 2631 140 170-2 573\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   130 43-- 173",
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  "fact-423": {
   "value": "Rzeczowe i niematerialne aktywa g\u00f3rnicze i hutnicze Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto 19 711  15 627  5 631  237  2 933   893 45 032 Umorzenie (9 396)  (7 905)  - -  -  ( 302) (17 603) Odpisy z tytu\u0142u utraty warto\u015bci (2 407)  ( 637)  ( 48) ( 172)  (1 537)  ( 28) (4 829) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 7 908  7 085  5 583  65  1 396   563 22 600 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  7 450  7 055  5 583  65  1 396   563 22 112 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   458   30  - -  -  -  488 Zmiany w roku 2021 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie 1 320  1 213  (2 533) -  -  - - Zakup  -  -  1 832  6   71   224 2 133 Leasing - nowe umowy, modyfikacje um\u00f3w  24   14  - -  -  -  38 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  537  -  - -  -  -  537 Wytworzenie we w\u0142asnym zakresie -  -   687 -   45   1  733 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   171 -   1   1  173 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 356)  -  - -  -  - ( 356) Nota 4.1  Amortyzacja, z tego: ( 782)  (1 127)  - -  -  ( 15) (1 924) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 757)  (1 115)  - -  -  ( 15) (1 887) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 25)  ( 12)  - -  -  - ( 37) Nota 4.4  (Utworzenie)/ odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 80)  ( 82)  ( 20) -  ( 10)  ( 2) ( 194) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  71   50   25  5   107   1  259 Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy -  -  - -  ( 176)  - ( 176) Darowizny i nieodp\u0142atne przyj\u0119cie z maj\u0105tku innych jednostek -  -  - -  -   268  268 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 3)  ( 7)  ( 9) -  -  ( 6) ( 25) Inne zmiany  9   40  ( 6) ( 9)  ( 3)  ( 98) ( 67) Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Zmiany w roku 2022 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie  691  1 750  (2 441) -  -  - - Zakup  -  -  1 901  4   114   18 2 037 Leasing - nowe umowy, modyfikacje um\u00f3w  133   12  - -  -  -  145 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  367  -  - -  -  -  367 Wytworzenie we w\u0142asnym zakresie -  -  1 027 -   68   2 1 097 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   182 -   42   2  226 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 42)  -  - -  -  - ( 42) Nota 4.1  Amortyzacja, z tego: ( 784)  (1 239)  - -  -  ( 20) (2 043) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 756)  (1 230)  - -  -  ( 20) (2 006) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 28)  ( 9)  - -  -  - ( 37) Nota 4.4  (Utworzenie) / odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci -  ( 7)  ( 6) -  ( 55)  ( 2) ( 70) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  77   51   40  6   108   2  284 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 5)  ( 40)  ( 19) -  -  ( 5) ( 69) Rozliczenie ze \u015brodk\u00f3w trwa\u0142ych w budowie na warto\u015bci niematerialne -  -  ( 38) -  -  - ( 38) Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105 -  -  - -  ( 125)  - ( 125) Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych  na pozosta\u0142e aktywa rzeczowe -  -  ( 197) -  -  - ( 197) Inne zmiany ( 3)  ( 24)  ( 56) ( 4)   94   88  95 Stan na 31.12.2022 Warto\u015b\u0107 brutto 23 383  17 466  6 147  274  3 480  1 411 52 161 Umorzenie (11 463)  (9 449)  - -  -  ( 362) (21 274) Odpisy z tytu\u0142u utraty warto\u015bci (2 838)  ( 328)  ( 24) ( 201)  (1 803)  ( 27) (5 221) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 9 082  7 689  6 123  73  1 677  1 022 25 666 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  8 521  7 652  6 123  73  1 677  1 022 25 068 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   561   37  - -  -  -  598 Nota 9.1.2 Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Istotne nak\u0142ady na poszukiwanie i ocen\u0119 zasob\u00f3w mineralnych przedstawiono w poni\u017cszej tabeli. Segment operacyjny Opis Stan na 31.12.2022 Stan na 31.12.2021 Warto\u015b\u0107 brutto Odpisy z tytu\u0142u utraty warto\u015bci Warto\u015b\u0107 brutto Odpisy z tytu\u0142u utraty warto\u015bci KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105zane z pracami eksploracyjnymi, g\u0142\u00f3wnie w ramach projektu Victoria po\u0142o\u017conego w Zag\u0142\u0119biu Sudbury w Kanadzie 2 087 832 1 838 768 KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105zane z pracami eksploracyjnymi  w ramach projektu Ajax  671 671 661 661 ",
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  "fact-447": {
   "value": "Rzeczowe i niematerialne aktywa g\u00f3rnicze i hutnicze Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto 19 711  15 627  5 631  237  2 933   893 45 032 Umorzenie (9 396)  (7 905)  - -  -  ( 302) (17 603) Odpisy z tytu\u0142u utraty warto\u015bci (2 407)  ( 637)  ( 48) ( 172)  (1 537)  ( 28) (4 829) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 7 908  7 085  5 583  65  1 396   563 22 600 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  7 450  7 055  5 583  65  1 396   563 22 112 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   458   30  - -  -  -  488 Zmiany w roku 2021 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie 1 320  1 213  (2 533) -  -  - - Zakup  -  -  1 832  6   71   224 2 133 Leasing - nowe umowy, modyfikacje um\u00f3w  24   14  - -  -  -  38 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  537  -  - -  -  -  537 Wytworzenie we w\u0142asnym zakresie -  -   687 -   45   1  733 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   171 -   1   1  173 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 356)  -  - -  -  - ( 356) Nota 4.1  Amortyzacja, z tego: ( 782)  (1 127)  - -  -  ( 15) (1 924) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 757)  (1 115)  - -  -  ( 15) (1 887) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 25)  ( 12)  - -  -  - ( 37) Nota 4.4  (Utworzenie)/ odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 80)  ( 82)  ( 20) -  ( 10)  ( 2) ( 194) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  71   50   25  5   107   1  259 Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy -  -  - -  ( 176)  - ( 176) Darowizny i nieodp\u0142atne przyj\u0119cie z maj\u0105tku innych jednostek -  -  - -  -   268  268 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 3)  ( 7)  ( 9) -  -  ( 6) ( 25) Inne zmiany  9   40  ( 6) ( 9)  ( 3)  ( 98) ( 67) Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Zmiany w roku 2022 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie  691  1 750  (2 441) -  -  - - Zakup  -  -  1 901  4   114   18 2 037 Leasing - nowe umowy, modyfikacje um\u00f3w  133   12  - -  -  -  145 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  367  -  - -  -  -  367 Wytworzenie we w\u0142asnym zakresie -  -  1 027 -   68   2 1 097 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   182 -   42   2  226 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 42)  -  - -  -  - ( 42) Nota 4.1  Amortyzacja, z tego: ( 784)  (1 239)  - -  -  ( 20) (2 043) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 756)  (1 230)  - -  -  ( 20) (2 006) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 28)  ( 9)  - -  -  - ( 37) Nota 4.4  (Utworzenie) / odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci -  ( 7)  ( 6) -  ( 55)  ( 2) ( 70) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  77   51   40  6   108   2  284 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 5)  ( 40)  ( 19) -  -  ( 5) ( 69) Rozliczenie ze \u015brodk\u00f3w trwa\u0142ych w budowie na warto\u015bci niematerialne -  -  ( 38) -  -  - ( 38) Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105 -  -  - -  ( 125)  - ( 125) Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych  na pozosta\u0142e aktywa rzeczowe -  -  ( 197) -  -  - ( 197) Inne zmiany ( 3)  ( 24)  ( 56) ( 4)   94   88  95 Stan na 31.12.2022 Warto\u015b\u0107 brutto 23 383  17 466  6 147  274  3 480  1 411 52 161 Umorzenie (11 463)  (9 449)  - -  -  ( 362) (21 274) Odpisy z tytu\u0142u utraty warto\u015bci (2 838)  ( 328)  ( 24) ( 201)  (1 803)  ( 27) (5 221) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 9 082  7 689  6 123  73  1 677  1 022 25 666 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  8 521  7 652  6 123  73  1 677  1 022 25 068 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   561   37  - -  -  -  598 Nota 9.1.2 Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Istotne nak\u0142ady na poszukiwanie i ocen\u0119 zasob\u00f3w mineralnych przedstawiono w poni\u017cszej tabeli. Segment operacyjny Opis Stan na 31.12.2022 Stan na 31.12.2021 Warto\u015b\u0107 brutto Odpisy z tytu\u0142u utraty warto\u015bci Warto\u015b\u0107 brutto Odpisy z tytu\u0142u utraty warto\u015bci KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105zane z pracami eksploracyjnymi, g\u0142\u00f3wnie w ramach projektu Victoria po\u0142o\u017conego w Zag\u0142\u0119biu Sudbury w Kanadzie 2 087 832 1 838 768 KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105zane z pracami eksploracyjnymi  w ramach projektu Ajax  671 671 661 661 Pozosta\u0142e aktywa rzeczowe i niematerialne  Rzeczowe aktywa trwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto  2 7822 754 288 4916 315Umorzenie  ( 899)(1 549)-( 207)(2 655)Odpisy z tytu\u0142u utraty warto\u015bci  ( 340)( 178)( 1)( 143)( 662)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5431 027 287 1412 998\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  1 377 976 287 1412 781\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   166 51-- 217Zmiany w roku 2021 netto  Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie   83 385( 468)--Zakup   -- 307 138 445Wytworzenie we w\u0142asnym zakresie  -- 78 1 79Leasing - nowe umowy, modyfikacje um\u00f3w  2 14-- 16 Nota 4.1  Amortyzacja, z tego: ( 84)( 221)-( 25)( 330)dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 83)( 203)-( 25)( 311)dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 1)( 18)--( 19) Nota 4.4  (Utworzenie)/odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 55)( 81)( 4)-( 140)Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ---( 18)( 18)Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy ( 2)---( 2)Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105  -----Inne zmiany   11- 11 13 35Stan na 31.12.2021 Warto\u015b\u0107 brutto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u utraty warto\u015bci  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  1 3341 078 211 2502 873   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   197 11 2- 210   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"  1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   166 46-- 212Rzeczowe aktywa trwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne RazemStan na 31.12.2021 Warto\u015b\u0107 brutto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u utraty warto\u015bci  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  1 3341 078 211 2502 873   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   197 11 2- 210   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"  1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   166 46-- 212   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   32--- 32   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"   134 46-- 180Zmiany w roku 2022 netto  Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie   267 284( 551)--Zakup   -- 218 107 325Wytworzenie we w\u0142asnym zakresie  -- 111- 111Leasing - nowe umowy, modyfikacje um\u00f3w  4 16-- 20 Nota 4.1  Amortyzacja, z tego: ( 94)( 236)-( 25)( 355)dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 93)( 218)-( 25)( 336)dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 1)( 18)--( 19) Nota 4.4  (Utworzenie)/odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 62)( 3)( 1)( 8)( 74)Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie -( 9)-( 32)( 41)Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych na pozosta\u0142e aktywa rzeczowe -- 197- 197Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105  ( 229)( 11)( 2)-( 242)Inne zmiany    7 18( 13)( 74)( 62)Stan na 31.12.2022 Warto\u015b\u0107 brutto  2 9193 194 176 6206 909Umorzenie  (1 058)(1 753)-( 250)(3 061)Odpisy z tytu\u0142u utraty warto\u015bci  ( 468)( 258)( 6)( 152)( 884)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 3931 183 170 2182 964\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  1 2631 140 170-2 573\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   130 43-- 173",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "Rzeczowe i niematerialne aktywa g\u00f3rnicze i hutnicze Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto 19 711  15 627  5 631  237  2 933   893 45 032 Umorzenie (9 396)  (7 905)  - -  -  ( 302) (17 603) Odpisy z tytu\u0142u utraty warto\u015bci (2 407)  ( 637)  ( 48) ( 172)  (1 537)  ( 28) (4 829) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 7 908  7 085  5 583  65  1 396   563 22 600 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  7 450  7 055  5 583  65  1 396   563 22 112 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   458   30  - -  -  -  488 Zmiany w roku 2021 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie 1 320  1 213  (2 533) -  -  - - Zakup  -  -  1 832  6   71   224 2 133 Leasing - nowe umowy, modyfikacje um\u00f3w  24   14  - -  -  -  38 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  537  -  - -  -  -  537 Wytworzenie we w\u0142asnym zakresie -  -   687 -   45   1  733 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   171 -   1   1  173 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 356)  -  - -  -  - ( 356) Nota 4.1  Amortyzacja, z tego: ( 782)  (1 127)  - -  -  ( 15) (1 924) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 757)  (1 115)  - -  -  ( 15) (1 887) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 25)  ( 12)  - -  -  - ( 37) Nota 4.4  (Utworzenie)/ odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 80)  ( 82)  ( 20) -  ( 10)  ( 2) ( 194) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  71   50   25  5   107   1  259 Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy -  -  - -  ( 176)  - ( 176) Darowizny i nieodp\u0142atne przyj\u0119cie z maj\u0105tku innych jednostek -  -  - -  -   268  268 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 3)  ( 7)  ( 9) -  -  ( 6) ( 25) Inne zmiany  9   40  ( 6) ( 9)  ( 3)  ( 98) ( 67) Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportu i inne \u015brodki trwa\u0142e \u015arodki trwa\u0142e w budowie Prawa do wody Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Pozosta\u0142e Razem Stan na 31.12.2021 Warto\u015b\u0107 brutto 21 852  16 851  5 791  253  3 095  1 295     49 137 Umorzenie (10 438)  (8 859)  - -  -  ( 333)     (19 630) Odpisy z tytu\u0142u utraty warto\u015bci (2 766)  ( 806)  ( 61) ( 186)  (1 664)  ( 25)     (5 508) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 8 648  7 186  5 730  67  1 431   937     23 999 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  8 191  7 152  5 730  67  1 431   937 23 508    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -   119  -  119    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\" 8 191  7 152  5 730  67  1 312   937 23 389 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   457   34  - -  -  -  491    wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) -  -  - -  -  - -    wykazane jako \u201erzeczowe i niematerialne aktywa     g\u00f3rnicze i hutnicze\"  457   34  - -  -  -  491 Zmiany w roku 2022 netto Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie  691  1 750  (2 441) -  -  - - Zakup  -  -  1 901  4   114   18 2 037 Leasing - nowe umowy, modyfikacje um\u00f3w  133   12  - -  -  -  145 Koszty usuwania nadk\u0142adu w kopalniach odkrywkowych  367  -  - -  -  -  367 Wytworzenie we w\u0142asnym zakresie -  -  1 027 -   68   2 1 097 Kwota aktywowanych koszt\u00f3w finansowania zewn\u0119trznego -  -   182 -   42   2  226 Nota 9.4 Zmiana stanu wysoko\u015bci  rezerwy na koszty likwidacji zak\u0142ad\u00f3w g\u00f3rniczych i sk\u0142adowisk odpad\u00f3w ( 42)  -  - -  -  - ( 42) Nota 4.1  Amortyzacja, z tego: ( 784)  (1 239)  - -  -  ( 20) (2 043) dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 756)  (1 230)  - -  -  ( 20) (2 006) dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 28)  ( 9)  - -  -  - ( 37) Nota 4.4  (Utworzenie) / odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci -  ( 7)  ( 6) -  ( 55)  ( 2) ( 70) R\u00f3\u017cnice kursowe z przeliczenia sprawozda\u0144 jednostek  o walucie funkcjonalnej innej ni\u017c PLN  77   51   40  6   108   2  284 Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ( 5)  ( 40)  ( 19) -  -  ( 5) ( 69) Rozliczenie ze \u015brodk\u00f3w trwa\u0142ych w budowie na warto\u015bci niematerialne -  -  ( 38) -  -  - ( 38) Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105 -  -  - -  ( 125)  - ( 125) Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych  na pozosta\u0142e aktywa rzeczowe -  -  ( 197) -  -  - ( 197) Inne zmiany ( 3)  ( 24)  ( 56) ( 4)   94   88  95 Stan na 31.12.2022 Warto\u015b\u0107 brutto 23 383  17 466  6 147  274  3 480  1 411 52 161 Umorzenie (11 463)  (9 449)  - -  -  ( 362) (21 274) Odpisy z tytu\u0142u utraty warto\u015bci (2 838)  ( 328)  ( 24) ( 201)  (1 803)  ( 27) (5 221) Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 9 082  7 689  6 123  73  1 677  1 022 25 666 \u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  8 521  7 652  6 123  73  1 677  1 022 25 068 \u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   561   37  - -  -  -  598 Nota 9.1.2 Aktywa z tytu\u0142u poszukiwania i oceny zasob\u00f3w mineralnych Istotne nak\u0142ady na poszukiwanie i ocen\u0119 zasob\u00f3w mineralnych przedstawiono w poni\u017cszej tabeli. Segment operacyjny Opis Stan na 31.12.2022 Stan na 31.12.2021 Warto\u015b\u0107 brutto Odpisy z tytu\u0142u utraty warto\u015bci Warto\u015b\u0107 brutto Odpisy z tytu\u0142u utraty warto\u015bci KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105zane z pracami eksploracyjnymi, g\u0142\u00f3wnie w ramach projektu Victoria po\u0142o\u017conego w Zag\u0142\u0119biu Sudbury w Kanadzie 2 087 832 1 838 768 KGHM INTERNATIONAL LTD. Nak\u0142ady zwi\u0105zane z pracami eksploracyjnymi  w ramach projektu Ajax  671 671 661 661 Pozosta\u0142e aktywa rzeczowe i niematerialne  Rzeczowe aktywa trwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne Razem Stan na 31.12.2020 Warto\u015b\u0107 brutto  2 7822 754 288 4916 315Umorzenie  ( 899)(1 549)-( 207)(2 655)Odpisy z tytu\u0142u utraty warto\u015bci  ( 340)( 178)( 1)( 143)( 662)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5431 027 287 1412 998\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  1 377 976 287 1412 781\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   166 51-- 217Zmiany w roku 2021 netto  Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie   83 385( 468)--Zakup   -- 307 138 445Wytworzenie we w\u0142asnym zakresie  -- 78 1 79Leasing - nowe umowy, modyfikacje um\u00f3w  2 14-- 16 Nota 4.1  Amortyzacja, z tego: ( 84)( 221)-( 25)( 330)dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 83)( 203)-( 25)( 311)dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 1)( 18)--( 19) Nota 4.4  (Utworzenie)/odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 55)( 81)( 4)-( 140)Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie ---( 18)( 18)Przekwalifikowanie do aktyw\u00f3w przeznaczonych do sprzeda\u017cy ( 2)---( 2)Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105  -----Inne zmiany   11- 11 13 35Stan na 31.12.2021 Warto\u015b\u0107 brutto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u utraty warto\u015bci  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  1 3341 078 211 2502 873   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   197 11 2- 210   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"  1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   166 46-- 212Rzeczowe aktywa trwa\u0142e   Budynki, budowle i grunty Urz\u0105dzenia techniczne, maszyny, \u015brodki transportui inne \u015brodki trwa\u0142e  \u015arodki trwa\u0142e w budowieWarto\u015bci niematerialne RazemStan na 31.12.2021 Warto\u015b\u0107 brutto  2 8973 058 216 6246 795Umorzenie  ( 993)(1 676)-( 230)(2 899)Odpisy z tytu\u0142u utraty warto\u015bci  ( 404)( 258)( 5)( 144)( 811)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 5001 124 211 2503 085\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne, z tego:  1 3341 078 211 2502 873   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   197 11 2- 210   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"  1 1371 067 209 2502 663\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania), z tego:   166 46-- 212   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)   32--- 32   wykazane jako \u201epozosta\u0142e aktywa rzeczowe i niematerialne\"   134 46-- 180Zmiany w roku 2022 netto  Rozliczenie \u015brodk\u00f3w trwa\u0142ych w budowie   267 284( 551)--Zakup   -- 218 107 325Wytworzenie we w\u0142asnym zakresie  -- 111- 111Leasing - nowe umowy, modyfikacje um\u00f3w  4 16-- 20 Nota 4.1  Amortyzacja, z tego: ( 94)( 236)-( 25)( 355)dot. \u015brodk\u00f3w trwa\u0142ych w\u0142asnych i warto\u015bci niematerialnych  ( 93)( 218)-( 25)( 336)dot. prawa do u\u017cytkowania (\u015brodk\u00f3w trwa\u0142ych w leasingu)  ( 1)( 18)--( 19) Nota 4.4  (Utworzenie)/odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci  ( 62)( 3)( 1)( 8)( 74)Likwidacja, sprzeda\u017c, darowizny i nieodp\u0142atne przekazanie -( 9)-( 32)( 41)Przesuni\u0119cie z rzeczowych aktyw\u00f3w g\u00f3rniczych i hutniczych na pozosta\u0142e aktywa rzeczowe -- 197- 197Stan na dzie\u0144 utraty kontroli nad jednostk\u0105 zale\u017cn\u0105  ( 229)( 11)( 2)-( 242)Inne zmiany    7 18( 13)( 74)( 62)Stan na 31.12.2022 Warto\u015b\u0107 brutto  2 9193 194 176 6206 909Umorzenie  (1 058)(1 753)-( 250)(3 061)Odpisy z tytu\u0142u utraty warto\u015bci  ( 468)( 258)( 6)( 152)( 884)Warto\u015b\u0107 ksi\u0119gowa netto, z tego: 1 3931 183 170 2182 964\u015brodki trwa\u0142e w\u0142asne i warto\u015bci niematerialne  1 2631 140 170-2 573\u015brodki trwa\u0142e w leasingu (prawo do u\u017cytkowania)   130 43-- 173",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "Nota 9.3 Amortyzacja Rzeczowe aktywa trwa\u0142e Warto\u015bci niematerialne od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 4.1 Razem 2 353 2 214 45 40 rozliczona w wynik finansowy 2 198 2 086 41 37 koszty wytworzenia produkt\u00f3w 2 153 2 043 37 34 koszty og\u00f3lnego zarz\u0105du   36 33 4 3 koszty sprzeda\u017cy   9 10 - - stanowi\u0105ca cz\u0119\u015b\u0107 kosztu wytworzenia aktyw\u00f3w  155 128 4 3 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-390": {
   "value": "Nota 9.4 Rezerwa na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Rezerwa  na  przysz\u0142e  koszty  zwi\u0105zane  z  likwidacj\u0105 kopal\u0144  i  innych  obiekt\u00f3w  technologicznych  tworzona jest  na  bazie  szacunk\u00f3w  przewidywanych  koszt\u00f3w likwidacji  obiekt\u00f3w  i  przywr\u00f3cenia  do  stanu pierwotnego  terenu  po zako\u0144czeniu  ich  eksploatacji, wykonanych  w  oparciu  o prognozy  eksploatacji  z\u0142o\u017ca (dla obiekt\u00f3w  g\u00f3rniczych)  oraz  ekspertyzy technologiczno-ekonomiczne  sporz\u0105dzone  przez specjalistyczne  firmy  b\u0105d\u017a  wykonane  w  Jednostce Dominuj\u0105cej. W przypadku kopalni odkrywkowych niekt\u00f3re dzia\u0142ania oraz  koszty  mog\u0105ce  wp\u0142ywa\u0107  na  zakres  prac rekultywacyjnych, jak np. koszty odstawy ska\u0142y p\u0142onnej, ponoszone  w  trakcie  \u017cycia  kopalni  i  w  zwi\u0105zku  z  jej dzia\u0142alno\u015bci\u0105  operacyjn\u0105,  ujmuje  si\u0119  jako  koszty operacyjne  stanowi\u0105ce  integraln\u0105  cz\u0119\u015b\u0107  procesu produkcji  i wy\u0142\u0105cza  si\u0119  je  tym  samym  z  koszt\u00f3w stanowi\u0105cych podstaw\u0119 do kalkulacji rezerwy na koszty likwidacji kopal\u0144. Aktualizacji rezerwy dokonuje si\u0119 dwuetapowo: 1)  szacunek  koszt\u00f3w  likwidacji  kopal\u0144  do  aktualnej warto\u015bci  w  zwi\u0105zku  ze  zmian\u0105  cen  przy zastosowaniu  wska\u017anik\u00f3w  zmiany  cen  produkcji budowlano-monta\u017cowej publikowanych przez GUS. 2)  dyskontowanie  koszt\u00f3w  likwidacji  do  warto\u015bci bie\u017c\u0105cej    przy  u\u017cyciu  realnych  st\u00f3p  dyskontowych skalkulowanych  w  oparciu  o  stopy  procentowe nominalne  oraz  wska\u017anik  inflacji  (iloraz  stopy nominalnej i wska\u017anika inflacji), przy czym: -  nominalna  stopa  procentowa  w Jednostce Dominuj\u0105cej  opiera  si\u0119  na  rentowno\u015bci  obligacji skarbowych  na  koniec  okresu  sprawozdawczego, o terminach zapadalno\u015bci najbardziej zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w finansowych,  oraz  w  przypadku  braku  obligacji skarbowych o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w pieni\u0119\u017cnych  nominalna  stopa  procentowa  jest ustalana  na  podstawie  profesjonalnego  os\u0105du Kierownictwa  Jednostki  Dominuj\u0105cej  opartego  na sp\u00f3jno\u015bci  przyjmowanych  za\u0142o\u017ce\u0144.  W  Grupie Kapita\u0142owej  KGHM  INTERNATIONAL  LTD.  to  stopa zwrotu  z  inwestycji  w dziesi\u0119cio-  i  dwudziestoletnie bony  skarbowe  Federalnej  Rezerwy  Stan\u00f3w W  2022  r.  Jednostka  Dominuj\u0105ca  zrewidowa\u0142a  swoje  podej\u015bcie w zakresie  st\u00f3p  dyskonta  stosowanych  do  wyceny  rezerw \u015brodowiskowych.  Na  koniec  okresu  sprawozdawczego,  przy rentowno\u015bci  obligacji  na  poziomie  +/-6,845%  i  inflacji  +/-13,1% (na  koniec  okresu  por\u00f3wnywalnego  odpowiednio  +/-3,6%  i  +/- 7,6%)  Jednostka  Dominuj\u0105ca  otrzyma\u0142a  i  zastosowa\u0142a  dla  lat 2022 - 2023 ujemn\u0105 realn\u0105 stop\u0119 dyskontow\u0105 wynosz\u0105c\u0105 -5,53% zamiast  stopy  na  poziomie  0%.  Dla  kolejnych  dw\u00f3ch  okres\u00f3w wyceny  tj.  dla  2024  r.  oraz  2025  r.  Jednostka  Dominuj\u0105ca przyj\u0119\u0142a stopy inflacji na poziomie zgodnym z prognoz\u0105 NBP tj. 5,9%  oraz  3,5%  odpowiednio,  a  dla  nast\u0119pnych  okres\u00f3w  po prognozie NBP na poziomie 2,5%, zgodnym z d\u0142ugoterminowym celem  inflacyjnym.  Ponadto,  dla  pierwszych  10  lat  wyceny rezerwy (tj. do 2032 r.) przyj\u0119ta zosta\u0142a stopa wolna od ryzyka na poziomie  6,845%  (wycena  10-letnich  obligacji  skarbowych) w zwi\u0105zku  z  faktem,  i\u017c  jest  to  jedyna  dost\u0119pna  rynkowo informacja  o  poziomie  stopy  wolnej  od  ryzyka  dla  kolejnych 10 lat  i,  zgodnie  z  przyj\u0119tym  os\u0105dem,  stopa  ta  nie  podlega\u0142a modyfikacji. Jednostka Dominuj\u0105ca b\u0119dzie dostosowywa\u0107 stop\u0119 woln\u0105  od  ryzyka  do  poziomu  tej  stopy  og\u0142aszanego  na  ka\u017cdy kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  dla  cel\u00f3w dokonania wyceny rezerwy na te dni. Z  kolei  bior\u0105c  pod  uwag\u0119  du\u017c\u0105  zmienno\u015b\u0107  stopy  wolnej  od ryzyka,  jaka  mia\u0142a  miejsce  w  ostatnim  okresie,  opartej  na notowaniach  10-letnich  obligacji  skarbowych,  Jednostka Dominuj\u0105ca  zastosowa\u0142a  profesjonalny  os\u0105d  do  ustalenia  tej stopy  do  wyceny  rezerw  \u015brodowiskowych  przypadaj\u0105cych  po okresie 10 lat od dnia ko\u0144cz\u0105cego roczny okres sprawozdawczy, opieraj\u0105c  si\u0119  na  historycznej  obserwacji  stosunku  wysoko\u015bci stopy  wolnej  od  ryzyka  do  wysoko\u015bci  zak\u0142adanego  celu inflacyjnego.  W  wyniku  dokonanego  os\u0105du  Jednostka Dominuj\u0105ca  przyj\u0119\u0142a  do  wyceny  rezerw  \u015brodowiskowych przypadaj\u0105cych  po  okresie  10  lat  od  dnia  ko\u0144cz\u0105cego  roczny sprawozdawczy  stop\u0119  woln\u0105  od  ryzyka  na  poziomie  3,5%, co prze\u0142o\u017cy\u0142o si\u0119 na realn\u0105 stop\u0119 dyskonta w wysoko\u015bci 0,98%.  Dla oszacowania rezerwy na koszty likwidacji kopal\u0144 i obiekt\u00f3w technologicznych po\u0142o\u017conych w Stanach Zjednoczonych Ameryki oraz  w  Kanadzie  w  okresie  bie\u017c\u0105cym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta  na  poziomie  od  1,19%  do  1,67%  w  zale\u017cno\u015bci  od kopalni.  W  okresie  por\u00f3wnywalnym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta na poziomie 0% ze wzgl\u0119du na utrzymuj\u0105cy si\u0119 poziom inflacji na poziomie nominalnej stopy dyskonta.  W  zakresie  koszt\u00f3w  niekt\u00f3rych  prac  realizowanych  w  trakcie eksploatacji  kopalni  odkrywkowych,  kt\u00f3re  jednocze\u015bnie  s\u0142u\u017c\u0105 Zjednoczonych Ameryki oraz  stopa  zwrotu z inwestycji  w pi\u0119cioletnie  obligacje  rz\u0105dowe emitowane przez rz\u0105dy Kanady i Chile. -  stopa  inflacji  oparta  jest  na  prognozie  przysz\u0142ej inflacji  stosowanej  przy  kalkulacji  zobowi\u0105za\u0144  na przysz\u0142e \u015bwiadczenia pracownicze. Zmiana  stopy  dyskonta  lub  szacowanego  kosztu likwidacji  koryguje  warto\u015b\u0107  \u015brodka  trwa\u0142ego,  kt\u00f3rego dotyczy, chyba \u017ce przekracza warto\u015b\u0107 bilansow\u0105 \u015brodka trwa\u0142ego,  w\u00f3wczas  nadwy\u017cka  ujmowana  jest w pozosta\u0142ych przychodach operacyjnych. Wzrost  rezerwy  z  tytu\u0142u  up\u0142ywu  czasu  ujmowany  jest w kosztach finansowych. W  ramach  rezerwy  na  koszty  likwidacji  zak\u0142ad\u00f3w g\u00f3rniczych  i  innych  obiekt\u00f3w  technologicznych prezentowane  jest  saldo  Funduszu  Likwidacji  Zak\u0142adu G\u00f3rniczego  (FLZG)  oraz  Funduszu  Rekultywacji Sk\u0142adowisk  Odpad\u00f3w  (FRSO),  kt\u00f3re  Jednostka Dominuj\u0105ca  tworzy  na  mocy  odr\u0119bnych  przepis\u00f3w  tj. Ustawy  z  dnia  9  czerwca  2011  r.  Prawo  geologiczne i g\u00f3rnicze  oraz  Ustawy  z  dnia  14  grudnia  2012  r. o odpadach,  odpowiednio.  Rol\u0105  Funduszy  jest zabezpieczenie  \u015brodk\u00f3w  pieni\u0119\u017cnych  na  potrzeby przysz\u0142ej  realizacji  przez  Jednostk\u0119  Dominuj\u0105c\u0105 obowi\u0105zk\u00f3w  zwi\u0105zanych  z  zamkni\u0119ciem,  likwidacj\u0105 i rekultywacj\u0105  zak\u0142ad\u00f3w  g\u00f3rniczych  i  sk\u0142adowisk odpad\u00f3w,  poprzez  ich  gromadzenie  w  spos\u00f3b przewidziany przepisami ustaw. W przypadku FLZG Jednostka Dominuj\u0105ca wyodr\u0119bni\u0142a bankowy  rachunek  \u015brodk\u00f3w  pieni\u0119\u017cnych,  na  kt\u00f3ry odprowadza  \u015brodki  pieni\u0119\u017cne  w  wysoko\u015bci r\u00f3wnowarto\u015bci  3%  odpis\u00f3w  amortyzacyjnych  od \u015brodk\u00f3w  trwa\u0142ych  zak\u0142ad\u00f3w  g\u00f3rniczych,  ustalanych stosownie  do  przepis\u00f3w  ustawy  o  podatku dochodowym. Szczeg\u00f3\u0142y na temat ryzyka kredytowego zwi\u0105zanego  ze  \u015brodkami  pieni\u0119\u017cnymi  zgromadzonymi na  wyodr\u0119bnionym  rachunku  FLZG  zosta\u0142y zaprezentowane w Nocie 7.5.2.4. W przypadku FRSO Jednostka Dominuj\u0105ca, w lipcu 2022 roku, dokona\u0142a  zmiany formy  zabezpieczenia  \u015brodk\u00f3w finansowych  tego  Funduszu  zast\u0119puj\u0105c  wyodr\u0119bniony rachunek  bankowy  gwarancjami  finansowymi wystawianymi  przez  bank  na  zlecenie  Jednostki Dominuj\u0105cej,  kt\u00f3rych  Jednostka  Dominuj\u0105ca  jest jednocze\u015bnie beneficjentem. Wysoko\u015b\u0107 gwarancji na 31 grudnia  2022  r.  wynios\u0142a  98  mln  PLN,  a  ich  warto\u015b\u0107 podlega  aktualizacji  w  okresach  rocznych.  Jednostka Dominuj\u0105ca  d\u0105\u017cy  do  osi\u0105gni\u0119cia  pe\u0142nego zabezpieczenia  \u015brodk\u00f3w  na  rekultywacj\u0119 poszczeg\u00f3lnych  sk\u0142adowisk  w  roku,  na  kt\u00f3ry harmonogram  likwidacji  i  rekultywacji  przewiduje zamkni\u0119cie  danego  sk\u0142adowiska  odpad\u00f3w,  poprzez systematyczne zwi\u0119kszanie warto\u015bci tych gwarancji. te  maj\u0105  przede  wszystkim  charakter  bie\u017c\u0105cych  koszt\u00f3w produkcyjnych,  gdy\u017c  dzia\u0142ania  te  w  pierwszej  kolejno\u015bci warunkuj\u0105  bie\u017c\u0105c\u0105  eksploatacj\u0119  kopalni  i  generowanie przychod\u00f3w,  a  ich  skutkiem  drugorz\u0119dnym  jest  wykonywana rekultywacja.  W  zwi\u0105zku  z  tym  koszty  takich  dzia\u0142a\u0144  nie s\u0105 uwzgl\u0119dniane w wycenie rezerwy rekultywacyjnej. od 01.01.2022 do 31.12.2022 od 01.01.2021  do 31.12.2021 Stan rezerw na pocz\u0105tek okresu sprawozdawczego  1 552 1 884 Nota 9.1 Zmiany szacunk\u00f3w odniesione w \u015brodki trwa\u0142e ( 42) ( 356) Reklasyfikacja salda Funduszu Likwidacji Zak\u0142adu G\u00f3rniczego i Funduszu Rekultywacji Sk\u0142adowisk Odpad\u00f3w*  496 - Zmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymi ( 91) - Pozosta\u0142e ( 22) 24 Stan rezerw na koniec okresu sprawozdawczego, z tego: 1 893 1 552 - rezerwy d\u0142ugoterminowe, z tego: 1 859 1 531   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105             zbycia - 289 wykazane jako \u201erezerwy na koszty likwidacji kopal\u0144           i innych obiekt\u00f3w technologicznych\" 1 859 1 242 - rezerwy kr\u00f3tkoterminowe, z tego:  34 21 wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105           zbycia - 1   wykazane jako \u201erezerwy na zobowi\u0105zania i inne            obci\u0105\u017cenia\"  34 20 * Zmiana prezentacji na prezentacj\u0119 \u0142\u0105cznie z d\u0142ugoterminow\u0105 cz\u0119\u015bci\u0105 Rezerwy na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w, wynika\u0142a ze zmiany os\u0105du w zakresie okresu oczekiwanych wyp\u0142yw\u00f3w \u015brodk\u00f3w pieni\u0119\u017cnych z funduszu. Wp\u0142yw zmiany stopy dyskonta na saldo rezerwy na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w technologicznych Stan na Stan na 31.12.2022  31.12.2021 wzrost stopy dyskonta o 1 p.p.   ( 341) ( 338) obni\u017cenie stopy dyskonta o 1 p.p.    795 4* * Przy za\u0142o\u017ceniu, ze stopa dyskonta nie mo\u017ce spa\u015b\u0107 poni\u017cej poziom 0%. rekultywacji wyrobisk, Grupa dokona\u0142a os\u0105du, uznaj\u0105c \u017ce koszty  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Rezerwa  na  przysz\u0142e  koszty  zwi\u0105zane  z  likwidacj\u0105 kopal\u0144  i  innych  obiekt\u00f3w  technologicznych  tworzona jest  na  bazie  szacunk\u00f3w  przewidywanych  koszt\u00f3w likwidacji  obiekt\u00f3w  i  przywr\u00f3cenia  do  stanu pierwotnego  terenu  po zako\u0144czeniu  ich  eksploatacji, wykonanych  w  oparciu  o prognozy  eksploatacji  z\u0142o\u017ca (dla obiekt\u00f3w  g\u00f3rniczych)  oraz  ekspertyzy technologiczno-ekonomiczne  sporz\u0105dzone  przez specjalistyczne  firmy  b\u0105d\u017a  wykonane  w  Jednostce Dominuj\u0105cej. W przypadku kopalni odkrywkowych niekt\u00f3re dzia\u0142ania oraz  koszty  mog\u0105ce  wp\u0142ywa\u0107  na  zakres  prac rekultywacyjnych, jak np. koszty odstawy ska\u0142y p\u0142onnej, ponoszone  w  trakcie  \u017cycia  kopalni  i  w  zwi\u0105zku  z  jej dzia\u0142alno\u015bci\u0105  operacyjn\u0105,  ujmuje  si\u0119  jako  koszty operacyjne  stanowi\u0105ce  integraln\u0105  cz\u0119\u015b\u0107  procesu produkcji  i wy\u0142\u0105cza  si\u0119  je  tym  samym  z  koszt\u00f3w stanowi\u0105cych podstaw\u0119 do kalkulacji rezerwy na koszty likwidacji kopal\u0144. Aktualizacji rezerwy dokonuje si\u0119 dwuetapowo: 1)  szacunek  koszt\u00f3w  likwidacji  kopal\u0144  do  aktualnej warto\u015bci  w  zwi\u0105zku  ze  zmian\u0105  cen  przy zastosowaniu  wska\u017anik\u00f3w  zmiany  cen  produkcji budowlano-monta\u017cowej publikowanych przez GUS. 2)  dyskontowanie  koszt\u00f3w  likwidacji  do  warto\u015bci bie\u017c\u0105cej    przy  u\u017cyciu  realnych  st\u00f3p  dyskontowych skalkulowanych  w  oparciu  o  stopy  procentowe nominalne  oraz  wska\u017anik  inflacji  (iloraz  stopy nominalnej i wska\u017anika inflacji), przy czym: -  nominalna  stopa  procentowa  w Jednostce Dominuj\u0105cej  opiera  si\u0119  na  rentowno\u015bci  obligacji skarbowych  na  koniec  okresu  sprawozdawczego, o terminach zapadalno\u015bci najbardziej zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w finansowych,  oraz  w  przypadku  braku  obligacji skarbowych o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w pieni\u0119\u017cnych  nominalna  stopa  procentowa  jest ustalana  na  podstawie  profesjonalnego  os\u0105du Kierownictwa  Jednostki  Dominuj\u0105cej  opartego  na sp\u00f3jno\u015bci  przyjmowanych  za\u0142o\u017ce\u0144.  W  Grupie Kapita\u0142owej  KGHM  INTERNATIONAL  LTD.  to  stopa zwrotu  z  inwestycji  w dziesi\u0119cio-  i  dwudziestoletnie bony  skarbowe  Federalnej  Rezerwy  Stan\u00f3w W  2022  r.  Jednostka  Dominuj\u0105ca  zrewidowa\u0142a  swoje  podej\u015bcie w zakresie  st\u00f3p  dyskonta  stosowanych  do  wyceny  rezerw \u015brodowiskowych.  Na  koniec  okresu  sprawozdawczego,  przy rentowno\u015bci  obligacji  na  poziomie  +/-6,845%  i  inflacji  +/-13,1% (na  koniec  okresu  por\u00f3wnywalnego  odpowiednio  +/-3,6%  i  +/- 7,6%)  Jednostka  Dominuj\u0105ca  otrzyma\u0142a  i  zastosowa\u0142a  dla  lat 2022 - 2023 ujemn\u0105 realn\u0105 stop\u0119 dyskontow\u0105 wynosz\u0105c\u0105 -5,53% zamiast  stopy  na  poziomie  0%.  Dla  kolejnych  dw\u00f3ch  okres\u00f3w wyceny  tj.  dla  2024  r.  oraz  2025  r.  Jednostka  Dominuj\u0105ca przyj\u0119\u0142a stopy inflacji na poziomie zgodnym z prognoz\u0105 NBP tj. 5,9%  oraz  3,5%  odpowiednio,  a  dla  nast\u0119pnych  okres\u00f3w  po prognozie NBP na poziomie 2,5%, zgodnym z d\u0142ugoterminowym celem  inflacyjnym.  Ponadto,  dla  pierwszych  10  lat  wyceny rezerwy (tj. do 2032 r.) przyj\u0119ta zosta\u0142a stopa wolna od ryzyka na poziomie  6,845%  (wycena  10-letnich  obligacji  skarbowych) w zwi\u0105zku  z  faktem,  i\u017c  jest  to  jedyna  dost\u0119pna  rynkowo informacja  o  poziomie  stopy  wolnej  od  ryzyka  dla  kolejnych 10 lat  i,  zgodnie  z  przyj\u0119tym  os\u0105dem,  stopa  ta  nie  podlega\u0142a modyfikacji. Jednostka Dominuj\u0105ca b\u0119dzie dostosowywa\u0107 stop\u0119 woln\u0105  od  ryzyka  do  poziomu  tej  stopy  og\u0142aszanego  na  ka\u017cdy kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  dla  cel\u00f3w dokonania wyceny rezerwy na te dni. Z  kolei  bior\u0105c  pod  uwag\u0119  du\u017c\u0105  zmienno\u015b\u0107  stopy  wolnej  od ryzyka,  jaka  mia\u0142a  miejsce  w  ostatnim  okresie,  opartej  na notowaniach  10-letnich  obligacji  skarbowych,  Jednostka Dominuj\u0105ca  zastosowa\u0142a  profesjonalny  os\u0105d  do  ustalenia  tej stopy  do  wyceny  rezerw  \u015brodowiskowych  przypadaj\u0105cych  po okresie 10 lat od dnia ko\u0144cz\u0105cego roczny okres sprawozdawczy, opieraj\u0105c  si\u0119  na  historycznej  obserwacji  stosunku  wysoko\u015bci stopy  wolnej  od  ryzyka  do  wysoko\u015bci  zak\u0142adanego  celu inflacyjnego.  W  wyniku  dokonanego  os\u0105du  Jednostka Dominuj\u0105ca  przyj\u0119\u0142a  do  wyceny  rezerw  \u015brodowiskowych przypadaj\u0105cych  po  okresie  10  lat  od  dnia  ko\u0144cz\u0105cego  roczny sprawozdawczy  stop\u0119  woln\u0105  od  ryzyka  na  poziomie  3,5%, co prze\u0142o\u017cy\u0142o si\u0119 na realn\u0105 stop\u0119 dyskonta w wysoko\u015bci 0,98%.  Dla oszacowania rezerwy na koszty likwidacji kopal\u0144 i obiekt\u00f3w technologicznych po\u0142o\u017conych w Stanach Zjednoczonych Ameryki oraz  w  Kanadzie  w  okresie  bie\u017c\u0105cym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta  na  poziomie  od  1,19%  do  1,67%  w  zale\u017cno\u015bci  od kopalni.  W  okresie  por\u00f3wnywalnym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta na poziomie 0% ze wzgl\u0119du na utrzymuj\u0105cy si\u0119 poziom inflacji na poziomie nominalnej stopy dyskonta.  W  zakresie  koszt\u00f3w  niekt\u00f3rych  prac  realizowanych  w  trakcie eksploatacji  kopalni  odkrywkowych,  kt\u00f3re  jednocze\u015bnie  s\u0142u\u017c\u0105 Zjednoczonych Ameryki oraz  stopa  zwrotu z inwestycji  w pi\u0119cioletnie  obligacje  rz\u0105dowe emitowane przez rz\u0105dy Kanady i Chile. -  stopa  inflacji  oparta  jest  na  prognozie  przysz\u0142ej inflacji  stosowanej  przy  kalkulacji  zobowi\u0105za\u0144  na przysz\u0142e \u015bwiadczenia pracownicze. Zmiana  stopy  dyskonta  lub  szacowanego  kosztu likwidacji  koryguje  warto\u015b\u0107  \u015brodka  trwa\u0142ego,  kt\u00f3rego dotyczy, chyba \u017ce przekracza warto\u015b\u0107 bilansow\u0105 \u015brodka trwa\u0142ego,  w\u00f3wczas  nadwy\u017cka  ujmowana  jest w pozosta\u0142ych przychodach operacyjnych. Wzrost  rezerwy  z  tytu\u0142u  up\u0142ywu  czasu  ujmowany  jest w kosztach finansowych. W  ramach  rezerwy  na  koszty  likwidacji  zak\u0142ad\u00f3w g\u00f3rniczych  i  innych  obiekt\u00f3w  technologicznych prezentowane  jest  saldo  Funduszu  Likwidacji  Zak\u0142adu G\u00f3rniczego  (FLZG)  oraz  Funduszu  Rekultywacji Sk\u0142adowisk  Odpad\u00f3w  (FRSO),  kt\u00f3re  Jednostka Dominuj\u0105ca  tworzy  na  mocy  odr\u0119bnych  przepis\u00f3w  tj. Ustawy  z  dnia  9  czerwca  2011  r.  Prawo  geologiczne i g\u00f3rnicze  oraz  Ustawy  z  dnia  14  grudnia  2012  r. o odpadach,  odpowiednio.  Rol\u0105  Funduszy  jest zabezpieczenie  \u015brodk\u00f3w  pieni\u0119\u017cnych  na  potrzeby przysz\u0142ej  realizacji  przez  Jednostk\u0119  Dominuj\u0105c\u0105 obowi\u0105zk\u00f3w  zwi\u0105zanych  z  zamkni\u0119ciem,  likwidacj\u0105 i rekultywacj\u0105  zak\u0142ad\u00f3w  g\u00f3rniczych  i  sk\u0142adowisk odpad\u00f3w,  poprzez  ich  gromadzenie  w  spos\u00f3b przewidziany przepisami ustaw. W przypadku FLZG Jednostka Dominuj\u0105ca wyodr\u0119bni\u0142a bankowy  rachunek  \u015brodk\u00f3w  pieni\u0119\u017cnych,  na  kt\u00f3ry odprowadza  \u015brodki  pieni\u0119\u017cne  w  wysoko\u015bci r\u00f3wnowarto\u015bci  3%  odpis\u00f3w  amortyzacyjnych  od \u015brodk\u00f3w  trwa\u0142ych  zak\u0142ad\u00f3w  g\u00f3rniczych,  ustalanych stosownie  do  przepis\u00f3w  ustawy  o  podatku dochodowym. Szczeg\u00f3\u0142y na temat ryzyka kredytowego zwi\u0105zanego  ze  \u015brodkami  pieni\u0119\u017cnymi  zgromadzonymi na  wyodr\u0119bnionym  rachunku  FLZG  zosta\u0142y zaprezentowane w Nocie 7.5.2.4. W przypadku FRSO Jednostka Dominuj\u0105ca, w lipcu 2022 roku, dokona\u0142a  zmiany formy  zabezpieczenia  \u015brodk\u00f3w finansowych  tego  Funduszu  zast\u0119puj\u0105c  wyodr\u0119bniony rachunek  bankowy  gwarancjami  finansowymi wystawianymi  przez  bank  na  zlecenie  Jednostki Dominuj\u0105cej,  kt\u00f3rych  Jednostka  Dominuj\u0105ca  jest jednocze\u015bnie beneficjentem. Wysoko\u015b\u0107 gwarancji na 31 grudnia  2022  r.  wynios\u0142a  98  mln  PLN,  a  ich  warto\u015b\u0107 podlega  aktualizacji  w  okresach  rocznych.  Jednostka Dominuj\u0105ca  d\u0105\u017cy  do  osi\u0105gni\u0119cia  pe\u0142nego zabezpieczenia  \u015brodk\u00f3w  na  rekultywacj\u0119 poszczeg\u00f3lnych  sk\u0142adowisk  w  roku,  na  kt\u00f3ry harmonogram  likwidacji  i  rekultywacji  przewiduje zamkni\u0119cie  danego  sk\u0142adowiska  odpad\u00f3w,  poprzez systematyczne zwi\u0119kszanie warto\u015bci tych gwarancji. te  maj\u0105  przede  wszystkim  charakter  bie\u017c\u0105cych  koszt\u00f3w produkcyjnych,  gdy\u017c  dzia\u0142ania  te  w  pierwszej  kolejno\u015bci warunkuj\u0105  bie\u017c\u0105c\u0105  eksploatacj\u0119  kopalni  i  generowanie przychod\u00f3w,  a  ich  skutkiem  drugorz\u0119dnym  jest  wykonywana rekultywacja.  W  zwi\u0105zku  z  tym  koszty  takich  dzia\u0142a\u0144  nie s\u0105 uwzgl\u0119dniane w wycenie rezerwy rekultywacyjnej. rekultywacji wyrobisk, Grupa dokona\u0142a os\u0105du, uznaj\u0105c \u017ce koszty  ",
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    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-448": {
   "value": "Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Rezerwa  na  przysz\u0142e  koszty  zwi\u0105zane  z  likwidacj\u0105 kopal\u0144  i  innych  obiekt\u00f3w  technologicznych  tworzona jest  na  bazie  szacunk\u00f3w  przewidywanych  koszt\u00f3w likwidacji  obiekt\u00f3w  i  przywr\u00f3cenia  do  stanu pierwotnego  terenu  po zako\u0144czeniu  ich  eksploatacji, wykonanych  w  oparciu  o prognozy  eksploatacji  z\u0142o\u017ca (dla obiekt\u00f3w  g\u00f3rniczych)  oraz  ekspertyzy technologiczno-ekonomiczne  sporz\u0105dzone  przez specjalistyczne  firmy  b\u0105d\u017a  wykonane  w  Jednostce Dominuj\u0105cej. W przypadku kopalni odkrywkowych niekt\u00f3re dzia\u0142ania oraz  koszty  mog\u0105ce  wp\u0142ywa\u0107  na  zakres  prac rekultywacyjnych, jak np. koszty odstawy ska\u0142y p\u0142onnej, ponoszone  w  trakcie  \u017cycia  kopalni  i  w  zwi\u0105zku  z  jej dzia\u0142alno\u015bci\u0105  operacyjn\u0105,  ujmuje  si\u0119  jako  koszty operacyjne  stanowi\u0105ce  integraln\u0105  cz\u0119\u015b\u0107  procesu produkcji  i wy\u0142\u0105cza  si\u0119  je  tym  samym  z  koszt\u00f3w stanowi\u0105cych podstaw\u0119 do kalkulacji rezerwy na koszty likwidacji kopal\u0144. Aktualizacji rezerwy dokonuje si\u0119 dwuetapowo: 1)  szacunek  koszt\u00f3w  likwidacji  kopal\u0144  do  aktualnej warto\u015bci  w  zwi\u0105zku  ze  zmian\u0105  cen  przy zastosowaniu  wska\u017anik\u00f3w  zmiany  cen  produkcji budowlano-monta\u017cowej publikowanych przez GUS. 2)  dyskontowanie  koszt\u00f3w  likwidacji  do  warto\u015bci bie\u017c\u0105cej    przy  u\u017cyciu  realnych  st\u00f3p  dyskontowych skalkulowanych  w  oparciu  o  stopy  procentowe nominalne  oraz  wska\u017anik  inflacji  (iloraz  stopy nominalnej i wska\u017anika inflacji), przy czym: -  nominalna  stopa  procentowa  w Jednostce Dominuj\u0105cej  opiera  si\u0119  na  rentowno\u015bci  obligacji skarbowych  na  koniec  okresu  sprawozdawczego, o terminach zapadalno\u015bci najbardziej zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w finansowych,  oraz  w  przypadku  braku  obligacji skarbowych o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w  planowanych  wyp\u0142yw\u00f3w  \u015brodk\u00f3w pieni\u0119\u017cnych  nominalna  stopa  procentowa  jest ustalana  na  podstawie  profesjonalnego  os\u0105du Kierownictwa  Jednostki  Dominuj\u0105cej  opartego  na sp\u00f3jno\u015bci  przyjmowanych  za\u0142o\u017ce\u0144.  W  Grupie Kapita\u0142owej  KGHM  INTERNATIONAL  LTD.  to  stopa zwrotu  z  inwestycji  w dziesi\u0119cio-  i  dwudziestoletnie bony  skarbowe  Federalnej  Rezerwy  Stan\u00f3w W  2022  r.  Jednostka  Dominuj\u0105ca  zrewidowa\u0142a  swoje  podej\u015bcie w zakresie  st\u00f3p  dyskonta  stosowanych  do  wyceny  rezerw \u015brodowiskowych.  Na  koniec  okresu  sprawozdawczego,  przy rentowno\u015bci  obligacji  na  poziomie  +/-6,845%  i  inflacji  +/-13,1% (na  koniec  okresu  por\u00f3wnywalnego  odpowiednio  +/-3,6%  i  +/- 7,6%)  Jednostka  Dominuj\u0105ca  otrzyma\u0142a  i  zastosowa\u0142a  dla  lat 2022 - 2023 ujemn\u0105 realn\u0105 stop\u0119 dyskontow\u0105 wynosz\u0105c\u0105 -5,53% zamiast  stopy  na  poziomie  0%.  Dla  kolejnych  dw\u00f3ch  okres\u00f3w wyceny  tj.  dla  2024  r.  oraz  2025  r.  Jednostka  Dominuj\u0105ca przyj\u0119\u0142a stopy inflacji na poziomie zgodnym z prognoz\u0105 NBP tj. 5,9%  oraz  3,5%  odpowiednio,  a  dla  nast\u0119pnych  okres\u00f3w  po prognozie NBP na poziomie 2,5%, zgodnym z d\u0142ugoterminowym celem  inflacyjnym.  Ponadto,  dla  pierwszych  10  lat  wyceny rezerwy (tj. do 2032 r.) przyj\u0119ta zosta\u0142a stopa wolna od ryzyka na poziomie  6,845%  (wycena  10-letnich  obligacji  skarbowych) w zwi\u0105zku  z  faktem,  i\u017c  jest  to  jedyna  dost\u0119pna  rynkowo informacja  o  poziomie  stopy  wolnej  od  ryzyka  dla  kolejnych 10 lat  i,  zgodnie  z  przyj\u0119tym  os\u0105dem,  stopa  ta  nie  podlega\u0142a modyfikacji. Jednostka Dominuj\u0105ca b\u0119dzie dostosowywa\u0107 stop\u0119 woln\u0105  od  ryzyka  do  poziomu  tej  stopy  og\u0142aszanego  na  ka\u017cdy kolejny  dzie\u0144  ko\u0144cz\u0105cy  okres  sprawozdawczy  dla  cel\u00f3w dokonania wyceny rezerwy na te dni. Z  kolei  bior\u0105c  pod  uwag\u0119  du\u017c\u0105  zmienno\u015b\u0107  stopy  wolnej  od ryzyka,  jaka  mia\u0142a  miejsce  w  ostatnim  okresie,  opartej  na notowaniach  10-letnich  obligacji  skarbowych,  Jednostka Dominuj\u0105ca  zastosowa\u0142a  profesjonalny  os\u0105d  do  ustalenia  tej stopy  do  wyceny  rezerw  \u015brodowiskowych  przypadaj\u0105cych  po okresie 10 lat od dnia ko\u0144cz\u0105cego roczny okres sprawozdawczy, opieraj\u0105c  si\u0119  na  historycznej  obserwacji  stosunku  wysoko\u015bci stopy  wolnej  od  ryzyka  do  wysoko\u015bci  zak\u0142adanego  celu inflacyjnego.  W  wyniku  dokonanego  os\u0105du  Jednostka Dominuj\u0105ca  przyj\u0119\u0142a  do  wyceny  rezerw  \u015brodowiskowych przypadaj\u0105cych  po  okresie  10  lat  od  dnia  ko\u0144cz\u0105cego  roczny sprawozdawczy  stop\u0119  woln\u0105  od  ryzyka  na  poziomie  3,5%, co prze\u0142o\u017cy\u0142o si\u0119 na realn\u0105 stop\u0119 dyskonta w wysoko\u015bci 0,98%.  Dla oszacowania rezerwy na koszty likwidacji kopal\u0144 i obiekt\u00f3w technologicznych po\u0142o\u017conych w Stanach Zjednoczonych Ameryki oraz  w  Kanadzie  w  okresie  bie\u017c\u0105cym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta  na  poziomie  od  1,19%  do  1,67%  w  zale\u017cno\u015bci  od kopalni.  W  okresie  por\u00f3wnywalnym  przyj\u0119to  realn\u0105  stop\u0119 dyskonta na poziomie 0% ze wzgl\u0119du na utrzymuj\u0105cy si\u0119 poziom inflacji na poziomie nominalnej stopy dyskonta.  W  zakresie  koszt\u00f3w  niekt\u00f3rych  prac  realizowanych  w  trakcie eksploatacji  kopalni  odkrywkowych,  kt\u00f3re  jednocze\u015bnie  s\u0142u\u017c\u0105 Zjednoczonych Ameryki oraz  stopa  zwrotu z inwestycji  w pi\u0119cioletnie  obligacje  rz\u0105dowe emitowane przez rz\u0105dy Kanady i Chile. -  stopa  inflacji  oparta  jest  na  prognozie  przysz\u0142ej inflacji  stosowanej  przy  kalkulacji  zobowi\u0105za\u0144  na przysz\u0142e \u015bwiadczenia pracownicze. Zmiana  stopy  dyskonta  lub  szacowanego  kosztu likwidacji  koryguje  warto\u015b\u0107  \u015brodka  trwa\u0142ego,  kt\u00f3rego dotyczy, chyba \u017ce przekracza warto\u015b\u0107 bilansow\u0105 \u015brodka trwa\u0142ego,  w\u00f3wczas  nadwy\u017cka  ujmowana  jest w pozosta\u0142ych przychodach operacyjnych. Wzrost  rezerwy  z  tytu\u0142u  up\u0142ywu  czasu  ujmowany  jest w kosztach finansowych. W  ramach  rezerwy  na  koszty  likwidacji  zak\u0142ad\u00f3w g\u00f3rniczych  i  innych  obiekt\u00f3w  technologicznych prezentowane  jest  saldo  Funduszu  Likwidacji  Zak\u0142adu G\u00f3rniczego  (FLZG)  oraz  Funduszu  Rekultywacji Sk\u0142adowisk  Odpad\u00f3w  (FRSO),  kt\u00f3re  Jednostka Dominuj\u0105ca  tworzy  na  mocy  odr\u0119bnych  przepis\u00f3w  tj. Ustawy  z  dnia  9  czerwca  2011  r.  Prawo  geologiczne i g\u00f3rnicze  oraz  Ustawy  z  dnia  14  grudnia  2012  r. o odpadach,  odpowiednio.  Rol\u0105  Funduszy  jest zabezpieczenie  \u015brodk\u00f3w  pieni\u0119\u017cnych  na  potrzeby przysz\u0142ej  realizacji  przez  Jednostk\u0119  Dominuj\u0105c\u0105 obowi\u0105zk\u00f3w  zwi\u0105zanych  z  zamkni\u0119ciem,  likwidacj\u0105 i rekultywacj\u0105  zak\u0142ad\u00f3w  g\u00f3rniczych  i  sk\u0142adowisk odpad\u00f3w,  poprzez  ich  gromadzenie  w  spos\u00f3b przewidziany przepisami ustaw. W przypadku FLZG Jednostka Dominuj\u0105ca wyodr\u0119bni\u0142a bankowy  rachunek  \u015brodk\u00f3w  pieni\u0119\u017cnych,  na  kt\u00f3ry odprowadza  \u015brodki  pieni\u0119\u017cne  w  wysoko\u015bci r\u00f3wnowarto\u015bci  3%  odpis\u00f3w  amortyzacyjnych  od \u015brodk\u00f3w  trwa\u0142ych  zak\u0142ad\u00f3w  g\u00f3rniczych,  ustalanych stosownie  do  przepis\u00f3w  ustawy  o  podatku dochodowym. Szczeg\u00f3\u0142y na temat ryzyka kredytowego zwi\u0105zanego  ze  \u015brodkami  pieni\u0119\u017cnymi  zgromadzonymi na  wyodr\u0119bnionym  rachunku  FLZG  zosta\u0142y zaprezentowane w Nocie 7.5.2.4. W przypadku FRSO Jednostka Dominuj\u0105ca, w lipcu 2022 roku, dokona\u0142a  zmiany formy  zabezpieczenia  \u015brodk\u00f3w finansowych  tego  Funduszu  zast\u0119puj\u0105c  wyodr\u0119bniony rachunek  bankowy  gwarancjami  finansowymi wystawianymi  przez  bank  na  zlecenie  Jednostki Dominuj\u0105cej,  kt\u00f3rych  Jednostka  Dominuj\u0105ca  jest jednocze\u015bnie beneficjentem. Wysoko\u015b\u0107 gwarancji na 31 grudnia  2022  r.  wynios\u0142a  98  mln  PLN,  a  ich  warto\u015b\u0107 podlega  aktualizacji  w  okresach  rocznych.  Jednostka Dominuj\u0105ca  d\u0105\u017cy  do  osi\u0105gni\u0119cia  pe\u0142nego zabezpieczenia  \u015brodk\u00f3w  na  rekultywacj\u0119 poszczeg\u00f3lnych  sk\u0142adowisk  w  roku,  na  kt\u00f3ry harmonogram  likwidacji  i  rekultywacji  przewiduje zamkni\u0119cie  danego  sk\u0142adowiska  odpad\u00f3w,  poprzez systematyczne zwi\u0119kszanie warto\u015bci tych gwarancji. te  maj\u0105  przede  wszystkim  charakter  bie\u017c\u0105cych  koszt\u00f3w produkcyjnych,  gdy\u017c  dzia\u0142ania  te  w  pierwszej  kolejno\u015bci warunkuj\u0105  bie\u017c\u0105c\u0105  eksploatacj\u0119  kopalni  i  generowanie przychod\u00f3w,  a  ich  skutkiem  drugorz\u0119dnym  jest  wykonywana rekultywacja.  W  zwi\u0105zku  z  tym  koszty  takich  dzia\u0142a\u0144  nie s\u0105 uwzgl\u0119dniane w wycenie rezerwy rekultywacyjnej. rekultywacji wyrobisk, Grupa dokona\u0142a os\u0105du, uznaj\u0105c \u017ce koszty ",
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    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-391": {
   "value": "Nota 9.8 Aktywa przeznaczone do sprzeda\u017cy (grupa zbycia) i zwi\u0105zane z nimi zobowi\u0105zania  Zasady rachunkowo\u015bci Aktywa  trwa\u0142e  (lub  grupy  do  zbycia) Grupa  klasyfikuje jako  przeznaczone  do  sprzeda\u017cy,  je\u017celi  ich  warto\u015b\u0107  bilansowa b\u0119dzie odzyskana raczej w drodze transakcji sprzeda\u017cy ni\u017c poprzez kontynuowanie u\u017cytkowania, pod warunkiem, i\u017c s\u0105 dost\u0119pne do natychmiastowej sprzeda\u017cy w obecnym stanie, z zachowaniem warunk\u00f3w, kt\u00f3re s\u0105 zwyczajowo stosowane przy sprzeda\u017cy tych aktyw\u00f3w (lub grup do zbycia) oraz ich sprzeda\u017c jest wysoce uprawdopodobniona. Sprzeda\u017c uznaje si\u0119 za wysoce uprawdopodobnion\u0105, gdy Grupa jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w lub grupy do zbycia, podj\u0119te zosta\u0142y dzia\u0142ania maj\u0105ce na celu aktywne poszukiwanie nabywcy, sk\u0142adnik aktyw\u00f3w oferowany jest na sprzeda\u017c po cenie, kt\u00f3ra jest racjonalna w odniesieniu do jego bie\u017c\u0105cej warto\u015bci godziwej, Grupa ma zamiar sprzeda\u0107 sk\u0142adnik aktyw\u00f3w w ci\u0105gu roku od dnia kwalifikacji. Wyd\u0142u\u017cenie okresu wymaganego do zako\u0144czenia sprzeda\u017cy powy\u017cej 1 roku mo\u017cliwe jest tylko wtedy, kiedy op\u00f3\u017anienie zosta\u0142o spowodowane przez zdarzenia i okoliczno\u015bci znajduj\u0105ce si\u0119 poza kontrol\u0105 Grupy, a sama Grupa mo\u017ce udowodni\u0107, \u017ce jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w. Na moment przekwalifikowania aktywa te wycenia si\u0119 wed\u0142ug ni\u017cszej z dw\u00f3ch warto\u015bci: warto\u015bci bilansowej lub warto\u015bci godziwej pomniejszonej o koszty zbycia. R\u00f3\u017cnica z wyceny do warto\u015bci godziwej ujmowana jest w pozosta\u0142ych kosztach operacyjnych. W  momencie  p\u00f3\u017aniejszej  wyceny, ewentualne  odwr\u00f3cenie warto\u015bci  godziwej ujmuje  si\u0119 w  pozosta\u0142ych przychodach operacyjnych.  W  okresie  bie\u017c\u0105cym  nast\u0105pi\u0142a  realizacja  transakcji  sprzeda\u017cy  aktyw\u00f3w  przeznaczonych  do  sprzeda\u017cy  (grupy  zbycia) i zwi\u0105zanych  z  nimi  zobowi\u0105za\u0144  sp\u00f3\u0142ek  S.C.M.  Franke,  Interferie  S.A.  i  Interferie  Medical  SPA  sp.  z  o.  o.  oraz  przekwalifikowanie aktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupy zbycia) i zwi\u0105zanych z nimi zobowi\u0105za\u0144 sp\u00f3\u0142ki Carlota Copper Company do dzia\u0142alno\u015bci kontynuowanej. Szczeg\u00f3\u0142y przedstawione zosta\u0142y w informacji poni\u017cej. Nota 9.8.1 S.C.M. Franke i Carlota Copper Company Dnia  26  kwietnia  2022  r.  sp\u00f3\u0142ki  zale\u017cne  KGHM  International  Ltd.,  Franke  Holdings  Ltd.  oraz  Centenario  Holdings  Ltd., podpisa\u0142y umow\u0119 zbycia 100% udzia\u0142\u00f3w sp\u00f3\u0142ki Sociedad Contractual Minera Franke, b\u0119d\u0105cej w\u0142a\u015bcicielem kopalni Franke w Chile, na rzecz Minera Las Cenizas S.A., za wynegocjowan\u0105 pocz\u0105tkow\u0105 cen\u0119 nabycia w wysoko\u015bci 25 mln USD.  Zgodnie z umow\u0105 zbycia, wynegocjowana pocz\u0105tkowa cena nabycia zosta\u0142a skorygowana m.in. o zmian\u0119 stanu kapita\u0142u obrotowego  netto,  \u015brodk\u00f3w  pieni\u0119\u017cnych  oraz  zad\u0142u\u017cenia  zewn\u0119trznego  pomi\u0119dzy  31  marca  2022  r.  a dat\u0105  transakcji. Pocz\u0105tkowa  skorygowana  cena  nabycia  100%  udzia\u0142\u00f3w  S.C.M.  Franke  wynios\u0142a  23  mln  USD  (p\u0142atna  w  \u015brodkach pieni\u0119\u017cnych). Warto\u015b\u0107 bilansowa aktyw\u00f3w i zobowi\u0105za\u0144 b\u0119d\u0105cych przedmiotem transakcji sprzeda\u017cy na dzie\u0144 transakcji wynosi\u0142a 19 mln USD. Poza  p\u0142atno\u015bci\u0105  pocz\u0105tkow\u0105  (pocz\u0105tkowa  cena  nabycia),  mechanizm  ceny  uwzgl\u0119dnia  p\u0142atno\u015bci  warunkowe o maksymalnej warto\u015bci 45 mln USD. Bior\u0105c pod uwag\u0119 prawdopodobie\u0144stwo otrzymania tych p\u0142atno\u015bci oraz okres ich realizacji, zosta\u0142y one wycenione w warto\u015bci zdyskontowanej w kwocie 13 mln USD i uj\u0119te w zysku ze zbycia. Zysk ze zbycia S.C.M. Franke zosta\u0142 uj\u0119ty w pozycji \u201ePozosta\u0142e przychody operacyjne\u201d. Rozliczenie transakcji sprzeda\u017cy S.C.M. Franke mln USD mln PLN Pocz\u0105tkowa cena nabycia  25 109 Zmiana stanu kapita\u0142u obrotowego netto, \u015brodk\u00f3w pieni\u0119\u017cnych oraz zad\u0142u\u017cenia zewn\u0119trznego pomi\u0119dzy  dniem 31 marca 2022 r. a 26 kwietnia 2022 r.  ( 2) ( 9) Pocz\u0105tkowa skorygowana cena nabycia 23 100 Warto\u015b\u0107 bilansowa aktyw\u00f3w i zobowi\u0105za\u0144 b\u0119d\u0105cych przedmiotem transakcji sprzeda\u017cy  19 86 Wycena p\u0142atno\u015bci warunkowych na dzie\u0144 zbycia 13 60 Aktualizacja wyceny p\u0142atno\u015bci warunkowych na dzie\u0144 bilansowy  1 5 Wynik na sprzeda\u017cy 18 79 R\u00f3\u017cnice kursowe przekwalifikowanie z pozosta\u0142ych  ca\u0142kowitych dochod\u00f3w do zysku ze zbycia  - 64 Zysk ze zbycia w skonsolidowanym sprawozdaniu z wyniku  - 143 Na  dzie\u0144  30  czerwca  2022  r.  dokonano  ponownej  oceny  kryteri\u00f3w  okre\u015blonych  przez  MSSF  5,  na  podstawie  kt\u00f3rych Carlota Copper Company zosta\u0142a zakwalifikowana jako aktywo przeznaczone do sprzeda\u017cy. W wyniku przeprowadzonej analizy  Zarz\u0105d  Jednostki  Dominuj\u0105cej  na  dzie\u0144  30  czerwca  2022  r.  dokona\u0142  przekwalifikowania  aktyw\u00f3w  i zobowi\u0105za\u0144 sp\u00f3\u0142ki do dzia\u0142alno\u015bci kontynuowanej, z uwagi na fakt, \u017ce sprzeda\u017c nie by\u0142a wysoce prawdopodobna. Proces sprzeda\u017cy aktyw\u00f3w g\u00f3rniczych Carlota Copper Company nie zosta\u0142 zako\u0144czony. Zgodnie  z  MSSF  5.27  bezpo\u015brednio  po  przekwalifikowaniu  ustalono  warto\u015b\u0107  odzyskiwaln\u0105  aktyw\u00f3w  Carlota  Copper Company. Nie wyst\u0105pi\u0142y istotne r\u00f3\u017cnice w stosunku do warto\u015bci bilansowej na dzie\u0144 30 czerwca 2022 r. W listopadzie 2022 r. proces sprzeda\u017cy Carlota Copper Company zosta\u0142 wznowiony, jednak w ocenie Zarz\u0105du Jednostki Dominuj\u0105cej nie jest on zaawansowany na tyle, aby stwierdzi\u0107, \u017ce sprzeda\u017c jest wysoce prawdopodobna. Tym samym na dzie\u0144 31 grudnia 2022 r. aktywa sp\u00f3\u0142ki i zwi\u0105zane z nimi zobowi\u0105zania nie s\u0105 ujmowane jako przeznaczone do zbycia. Dzia\u0142alno\u015b\u0107  sp\u00f3\u0142ek  S.C.M.  Franke  i  Carlota  Copper  Company  zosta\u0142a  zaprezentowana  w  ramach  segmentu KGHM INTERNATIONAL LTD. Dane  finansowe  powy\u017cszych sp\u00f3\u0142ek zaprezentowane zosta\u0142y \u0142\u0105cznie  z dzia\u0142alno\u015bci\u0105  kontynuowan\u0105 w skonsolidowanym sprawozdaniu z wyniku, skonsolidowanym sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych oraz notach obja\u015bniaj\u0105cych do tych sprawozda\u0144  ze  wzgl\u0119du  na  to,  \u017ce  nie  stanowi\u0105  one  istotnej  cz\u0119\u015bci  dzia\u0142alno\u015bci  ani  elementu  wi\u0119kszego  planu  zbycia istotnej cz\u0119\u015bci dzia\u0142alno\u015bci (MSSF 5.32 a i b). Dane finansowe sp\u00f3\u0142ek S.C.M. Franke i Carlota Copper Company zaprezentowano w tabelach poni\u017cej: G\u0142\u00f3wne grupy aktyw\u00f3w i zobowi\u0105za\u0144 zakwalifikowanych do Grupy sprzeda\u017cy Stan na 26.04.2022 (data zbycia - data utraty kontroli) Stan na 31.12.2021  (prezentacja w ramach aktyw\u00f3w  i zobowi\u0105za\u0144 zakwalifikowanych do Grupy sprzeda\u017cy) S.C.M. Franke S.C.M. Franke    Carlota Copper Company AKTYWA      Aktywa niematerialne g\u00f3rnicze i hutnicze  125 116 3 Inne instrumenty finansowe wyceniane w zamortyzowanym koszcie  2 3 - Aktywa trwa\u0142e  127 119 3 Zapasy  91 87 62 Nale\u017cno\u015bci od odbiorc\u00f3w, w tym:  14 13 - nale\u017cno\u015bci od odbiorc\u00f3w wyceniane w warto\u015bci godziwej przez wynik finansowy  14 13 - Nale\u017cno\u015bci z tytu\u0142u podatk\u00f3w  5 3 - Pozosta\u0142e aktywa niefinansowe    15 3 - \u015arodki pieni\u0119\u017cne i ich ekwiwalenty  8 5 - Aktywa obrotowe    133 111 62 RAZEM AKTYWA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  260 230 65 ZOBOWI\u0104ZANIA  Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych - - 1 Rezerwy na koszty likwidacji kopal\u0144 i innych obiekt\u00f3w technologicznych  91 75 214 Zobowi\u0105zania d\u0142ugoterminowe  91 75 215 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych  1 2 1   Zobowi\u0105zania wobec dostawc\u00f3w     58 26 7   Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych    6 5 3   Zobowi\u0105zania z tytu\u0142u podatk\u00f3w    1 1 -   Rezerwy na zobowi\u0105zania i inne obci\u0105\u017cenia   - - 1   Pozosta\u0142e zobowi\u0105zania    18 21 4 Zobowi\u0105zania kr\u00f3tkoterminowe  84 55 16 RAZEM ZOBOWI\u0104ZANIA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  175 130 231 Sprawozdanie z wyniku dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 26.04.2022 od 01.01.2021 do 31.12.2021 S.C.M. Franke S.C.M. Franke Carlota Copper Company Przychody  132 497 209 Koszty  ( 197) ( 443) ( 111) Zysk/(strata) z dzia\u0142alno\u015bci operacyjnej ( 65) 54 98 Koszty finansowe ( 1) ( 3) ( 5) Zysk/(strata) przed opodatkowaniem ( 66) 51 93 Podatek dochodowy - - - ZYSK/(STRATA) NETTO ( 66) 51 93 Przep\u0142ywy pieni\u0119\u017cne dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 26.04.2022 od 01.01.2021 do 31.12.2021 S.C.M. Franke S.C.M. Franke Carlota Copper Company Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci operacyjnej, w tym: ( 40) ( 7) 11           zmiana stanu rezerwy na likwidacj\u0119 kopal\u0144  10 ( 6) ( 5) Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci inwestycyjnej - ( 5) ( 10) Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci finansowej  42 ( 2) ( 2) PRZEP\u0141YWY PIENI\u0118\u017bNE NETTO  2 ( 14) ( 1) Nota 9.8.2 Interferie S.A. i Interferie Medical SPA Sp. z o.o.  W dniu 21 lutego 2022 r. KGHM VII Fundusz Inwestycyjny Zamkni\u0119ty Aktyw\u00f3w Niepublicznych (dalej: Fundusz), kt\u00f3rego w\u0142a\u015bcicielem  100%  Certyfikat\u00f3w  Inwestycyjnych  jest  KGHM  Polska  Mied\u017a  S.A,    zby\u0142    na  rzecz  Polskiego  Holdingu Hotelowego  sp. z  o.o.  wszystkie  posiadane  bezpo\u015brednio  udzia\u0142y  sp\u00f3\u0142ki  Interferie  Medical  SPA  Sp.  z  o.o.  z  siedzib\u0105 w Legnicy,  tj.  41.309  udzia\u0142\u00f3w  stanowi\u0105cych  67,37%  udzia\u0142\u00f3w  w  kapitale  zak\u0142adowym  i  taki  sam  procent  g\u0142os\u00f3w w zgromadzeniu wsp\u00f3lnik\u00f3w. W\u0142a\u015bcicielem pozosta\u0142ych 32,63% udzia\u0142\u00f3w w kapitale zak\u0142adowym sp\u00f3\u0142ki Interferie Medical SPA Sp. z o.o. by\u0142a sp\u00f3\u0142ka po\u015brednia Funduszu \u2013 INTERFERIE S.A. W  dniu  28  lutego 2022  r.,  w  wyniku  rozliczenia wezwania do  zapisywania si\u0119  na sprzeda\u017c  akcji INTERFERIE  S.A. (dalej: sp\u00f3\u0142ka), og\u0142oszonego przez Polski Holding Hotelowy sp. z o.o., sp\u00f3\u0142ki portfelowe Funduszu: Fundusz Hotele 01 Sp. z o.o. S.K.A. oraz Fundusz Hotele 01 Sp. z o.o., zby\u0142y wszystkie posiadane akcje sp\u00f3\u0142ki, tj. \u0142\u0105cznie 10 152 625 akcji, stanowi\u0105cych 69,71% w kapitale zak\u0142adowym i taki sam procent g\u0142os\u00f3w w walnym zgromadzeniu.  W  wyniku  powy\u017cszego,  Jednostka  Dominuj\u0105ca  ani  \u017caden  z  podmiot\u00f3w  Grupy  Kapita\u0142owej  nie  posiada  akcji  i  udzia\u0142\u00f3w w sp\u00f3\u0142kach: INTERFERIE S.A. oraz Interferie Medical SPA Sp. z o.o. Cena sprzeda\u017cy akcji obu sp\u00f3\u0142ek (p\u0142atna w \u015brodkach pieni\u0119\u017cnych) wynosi\u0142a \u0142\u0105cznie 167 mln PLN i przewy\u017csza\u0142a warto\u015b\u0107  aktyw\u00f3w netto nale\u017cnych Grupie o 37 mln PLN. Wynik na sprzeda\u017cy (zysk) zosta\u0142 uj\u0119ty w pozycji \u201ePozosta\u0142e przychody operacyjne\u201d. Dzia\u0142alno\u015b\u0107  sp\u00f3\u0142ek  Interferie  S.A.  i  Interferie  Medical  SPA  Sp\u00f3\u0142ka  z  o.o.  zosta\u0142a  zaprezentowana  w  ramach  segmentu Pozosta\u0142e segmenty. Dane finansowe powy\u017cszych sp\u00f3\u0142ek zaprezentowane zosta\u0142y \u0142\u0105cznie z dzia\u0142alno\u015bci\u0105 kontynuowan\u0105 w skonsolidowanym sprawozdaniu z wyniku, skonsolidowanym sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych oraz notach obja\u015bniaj\u0105cych do tych sprawozda\u0144  ze  wzgl\u0119du  na  to,  \u017ce  nie  stanowi\u0105  one  istotnej  cz\u0119\u015bci  dzia\u0142alno\u015bci  ani  elementu  wi\u0119kszego  planu  zbycia istotnej cz\u0119\u015bci dzia\u0142alno\u015bci (MSSF 5.32 a i b). Dane finansowe sp\u00f3\u0142ek INTERFERIE S.A. i Interferie Medical SPA Sp. z o.o. zaprezentowano w tabelach poni\u017cej: G\u0142\u00f3wne grupy aktyw\u00f3w i zobowi\u0105za\u0144 zakwalifikowanych do Grupy sprzeda\u017cy Stan na  28.02.2022 Stan na  31.12.2021 AKTYWA      Pozosta\u0142e rzeczowe aktywa trwa\u0142e   244 244 Pozosta\u0142e aktywa rzeczowe i niematerialne  244 244 Aktywa trwa\u0142e  244 244 Zapasy  1 1 Nale\u017cno\u015bci od odbiorc\u00f3w  2 2 Nale\u017cno\u015bci z tytu\u0142u podatk\u00f3w  1 1 Pozosta\u0142e aktywa niefinansowe    3 - \u015arodki pieni\u0119\u017cne i ich ekwiwalenty  15 15 Aktywa obrotowe    22 19 RAZEM AKTYWA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  266 263 ZOBOWI\u0104ZANIA  Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych  65 65   Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych    1 1   Pozosta\u0142e zobowi\u0105zania    6 3 Zobowi\u0105zania d\u0142ugoterminowe  72 69 Zobowi\u0105zania z tytu\u0142u kredyt\u00f3w, po\u017cyczek, leasingu oraz d\u0142u\u017cnych papier\u00f3w warto\u015bciowych  12 16   Zobowi\u0105zania wobec dostawc\u00f3w     6 7   Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych    1 4   Zobowi\u0105zania z tytu\u0142u podatk\u00f3w    4 1   Pozosta\u0142e zobowi\u0105zania    5 4 Zobowi\u0105zania kr\u00f3tkoterminowe  28 32 RAZEM ZOBOWI\u0104ZANIA WCHODZ\u0104CE W SK\u0141AD GRUPY DO ZBYCIA  100 101 Sprawozdanie z wyniku dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 28.02.2022 od 01.01.2021 do 31.12.2021 Przychody  14 71 Koszty  ( 15) ( 68) Zysk/(strata) z dzia\u0142alno\u015bci operacyjnej ( 1) 3 Koszty finansowe - ( 2) Zysk/(strata) przed opodatkowaniem ( 1) 1 Podatek dochodowy - - ZYSK/(STRATA) NETTO ( 1) 1 Przep\u0142ywy pieni\u0119\u017cne dla dzia\u0142alno\u015bci przeznaczonej do sprzeda\u017cy od 01.01.2022 do 28.02.2022 od 01.01.2021 do 31.12.2021 Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci operacyjnej  1 4 Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci inwestycyjnej ( 1) ( 11) Przep\u0142ywy pieni\u0119\u017cne netto z dzia\u0142alno\u015bci finansowej - 17 PRZEP\u0141YWY PIENI\u0118\u017bNE NETTO - 10 Nota 9.8.3 Projekt Oxide w Grupie Kapita\u0142owej KGHM INTERNATIONAL LTD. W IV kwartale 2021 r. pomi\u0119dzy KGHM Polska Mied\u017a S.A. a drugim wsp\u00f3lnikiem wsp\u00f3lnego przedsi\u0119wzi\u0119cia Sierra Gorda S.C.M.  \u2013  Sumitomo  (Sumitomo  Metal  Mining  Co.,  Ltd.  oraz  Sumitomo  Corporation)  zosta\u0142o  zawarte  porozumienie dotycz\u0105ce  sprzeda\u017cy  projektu  nale\u017c\u0105cego  do  sp\u00f3\u0142ki  zale\u017cnej  KGHM  Chile  SpA  -  Oxide  do  Sierra  Gorda  S.C.M.  W  dniu 15 grudnia 2021 r. zosta\u0142a podpisana umowa sprzeda\u017cy, gdzie data sprzeda\u017cy ustalona zosta\u0142a na dzie\u0144 1 stycznia 2022 r.  Na  dzie\u0144  31  grudnia  2021  r.  projekt  Oxide  zosta\u0142  przekwalifikowany  z  warto\u015bci  niematerialnych  nieoddanych do u\u017cytkowania  (aktywa  z  tytu\u0142u  poszukiwania  i  oceny  zasob\u00f3w  mineralnych)  do  aktyw\u00f3w  trwa\u0142ych  przeznaczonych do sprzeda\u017cy w kwocie 176 mln PLN. Wp\u0142yw \u015brodk\u00f3w z tytu\u0142u transakcji sprzeda\u017cy nast\u0105pi\u0142 w dniu 4 marca 2022 r. Zysk ze sprzeda\u017cy w wysoko\u015bci 135 mln PLN zosta\u0142 uj\u0119ty w pozycji \u201ePozosta\u0142e przychody operacyjne\u201d.  Zgodnie z przyj\u0119t\u0105 przez Grup\u0119 polityk\u0105 rachunkowo\u015bci, udzia\u0142 Grupy w niezrealizowanym zysku na transakcji pomi\u0119dzy Grup\u0105 a jednostk\u0105 wycenian\u0105 metod\u0105 praw w\u0142asno\u015bci pomniejsza zysk z tytu\u0142u tej transakcji w korespondencji z warto\u015bci\u0105 bilansow\u0105 udzia\u0142u Grupy  w tej jednostce. Ze  wzgl\u0119du na  to, i\u017c  na dzie\u0144  31  grudnia 2022  r.  warto\u015b\u0107  bilansowa udzia\u0142u Grupy we wsp\u00f3lnym przedsi\u0119wzi\u0119ciu Sierra Gorda S.C.M. wynosi 0 PLN, eliminacja niezrealizowanego zysku w proporcji do udzia\u0142u Grupy (55%) zostanie uj\u0119ta w momencie, gdy warto\u015b\u0107 bilansowa udzia\u0142u Grupy w Sierra Gorda S.C.M. osi\u0105gnie poziom powy\u017cej warto\u015bci 0 PLN. Nota 9.8.4 KGHM TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. Na  dzie\u0144  31  grudnia  2022  r.  Grupa  zidentyfikowa\u0142a  aktywa  i  zwi\u0105zane  z  nimi  zobowi\u0105zania  jednostki  zale\u017cnej  KGHM TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. jako przeznaczone do sprzeda\u017cy w zwi\u0105zku ze spe\u0142nieniem kryteri\u00f3w okre\u015blonych  przez  MSSF  5  (tj.  s\u0105  dost\u0119pne  do  natychmiastowej  sprzeda\u017cy  w  obecnym  stanie,  sprzeda\u017c  jest  wysoce prawdopodobna, w tym oczekuje si\u0119, \u017ce nast\u0105pi w ci\u0105gu 1 roku od dnia klasyfikacji jako przeznaczone do sprzeda\u017cy). Ze wzgl\u0119du na nieistotn\u0105 warto\u015b\u0107, te aktywa i zobowi\u0105zania nie zosta\u0142y wydzielone w sprawozdaniu z sytuacji finansowej do odr\u0119bnych pozycji, tj. \u201eAktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)\u201d i \u201eZobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia\u201d. Nota 9.8.5 Rzeczowe aktywa trwa\u0142e w Mercus Logistyka Sp. z o.o. Na dzie\u0144 31 grudnia 2022 r. Grupa zidentyfikowa\u0142a rzeczowe aktywa trwa\u0142e jednostki zale\u017cnej Mercus Logistyka Sp. z o.o. jako  przeznaczone  do  sprzeda\u017cy  w  zwi\u0105zku  ze  spe\u0142nieniem  kryteri\u00f3w  okre\u015blonych  przez  MSSF  5  (tj.  s\u0105  dost\u0119pne  do natychmiastowej sprzeda\u017cy  w  obecnym  stanie, sprzeda\u017c  jest  wysoce  prawdopodobna,  w  tym  oczekuje  si\u0119,  \u017ce  nast\u0105pi w ci\u0105gu  1  roku  od  dnia  klasyfikacji  jako  przeznaczone  do  sprzeda\u017cy).  Ze  wzgl\u0119du na  nieistotn\u0105  warto\u015b\u0107,  te  aktywa  nie zosta\u0142y wydzielone w sprawozdaniu z sytuacji finansowej do odr\u0119bnej pozycji, tj. \u201eAktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)\u201d",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-501": {
   "value": "Zasady rachunkowo\u015bci Aktywa  trwa\u0142e  (lub  grupy  do  zbycia) Grupa  klasyfikuje jako  przeznaczone  do  sprzeda\u017cy,  je\u017celi  ich  warto\u015b\u0107  bilansowa b\u0119dzie odzyskana raczej w drodze transakcji sprzeda\u017cy ni\u017c poprzez kontynuowanie u\u017cytkowania, pod warunkiem, i\u017c s\u0105 dost\u0119pne do natychmiastowej sprzeda\u017cy w obecnym stanie, z zachowaniem warunk\u00f3w, kt\u00f3re s\u0105 zwyczajowo stosowane przy sprzeda\u017cy tych aktyw\u00f3w (lub grup do zbycia) oraz ich sprzeda\u017c jest wysoce uprawdopodobniona. Sprzeda\u017c uznaje si\u0119 za wysoce uprawdopodobnion\u0105, gdy Grupa jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w lub grupy do zbycia, podj\u0119te zosta\u0142y dzia\u0142ania maj\u0105ce na celu aktywne poszukiwanie nabywcy, sk\u0142adnik aktyw\u00f3w oferowany jest na sprzeda\u017c po cenie, kt\u00f3ra jest racjonalna w odniesieniu do jego bie\u017c\u0105cej warto\u015bci godziwej, Grupa ma zamiar sprzeda\u0107 sk\u0142adnik aktyw\u00f3w w ci\u0105gu roku od dnia kwalifikacji. Wyd\u0142u\u017cenie okresu wymaganego do zako\u0144czenia sprzeda\u017cy powy\u017cej 1 roku mo\u017cliwe jest tylko wtedy, kiedy op\u00f3\u017anienie zosta\u0142o spowodowane przez zdarzenia i okoliczno\u015bci znajduj\u0105ce si\u0119 poza kontrol\u0105 Grupy, a sama Grupa mo\u017ce udowodni\u0107, \u017ce jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w. Na moment przekwalifikowania aktywa te wycenia si\u0119 wed\u0142ug ni\u017cszej z dw\u00f3ch warto\u015bci: warto\u015bci bilansowej lub warto\u015bci godziwej pomniejszonej o koszty zbycia. R\u00f3\u017cnica z wyceny do warto\u015bci godziwej ujmowana jest w pozosta\u0142ych kosztach operacyjnych. W  momencie  p\u00f3\u017aniejszej  wyceny, ewentualne  odwr\u00f3cenie warto\u015bci  godziwej ujmuje  si\u0119 w  pozosta\u0142ych przychodach operacyjnych.  ",
   "dimensions": {
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    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-486": {
   "value": "Zasady rachunkowo\u015bci Aktywa  trwa\u0142e  (lub  grupy  do  zbycia) Grupa  klasyfikuje jako  przeznaczone  do  sprzeda\u017cy,  je\u017celi  ich  warto\u015b\u0107  bilansowa b\u0119dzie odzyskana raczej w drodze transakcji sprzeda\u017cy ni\u017c poprzez kontynuowanie u\u017cytkowania, pod warunkiem, i\u017c s\u0105 dost\u0119pne do natychmiastowej sprzeda\u017cy w obecnym stanie, z zachowaniem warunk\u00f3w, kt\u00f3re s\u0105 zwyczajowo stosowane przy sprzeda\u017cy tych aktyw\u00f3w (lub grup do zbycia) oraz ich sprzeda\u017c jest wysoce uprawdopodobniona. Sprzeda\u017c uznaje si\u0119 za wysoce uprawdopodobnion\u0105, gdy Grupa jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w lub grupy do zbycia, podj\u0119te zosta\u0142y dzia\u0142ania maj\u0105ce na celu aktywne poszukiwanie nabywcy, sk\u0142adnik aktyw\u00f3w oferowany jest na sprzeda\u017c po cenie, kt\u00f3ra jest racjonalna w odniesieniu do jego bie\u017c\u0105cej warto\u015bci godziwej, Grupa ma zamiar sprzeda\u0107 sk\u0142adnik aktyw\u00f3w w ci\u0105gu roku od dnia kwalifikacji. Wyd\u0142u\u017cenie okresu wymaganego do zako\u0144czenia sprzeda\u017cy powy\u017cej 1 roku mo\u017cliwe jest tylko wtedy, kiedy op\u00f3\u017anienie zosta\u0142o spowodowane przez zdarzenia i okoliczno\u015bci znajduj\u0105ce si\u0119 poza kontrol\u0105 Grupy, a sama Grupa mo\u017ce udowodni\u0107, \u017ce jest zdecydowana wype\u0142ni\u0107 plan sprzeda\u017cy sk\u0142adnika aktyw\u00f3w. Na moment przekwalifikowania aktywa te wycenia si\u0119 wed\u0142ug ni\u017cszej z dw\u00f3ch warto\u015bci: warto\u015bci bilansowej lub warto\u015bci godziwej pomniejszonej o koszty zbycia. R\u00f3\u017cnica z wyceny do warto\u015bci godziwej ujmowana jest w pozosta\u0142ych kosztach operacyjnych. W  momencie  p\u00f3\u017aniejszej  wyceny, ewentualne  odwr\u00f3cenie warto\u015bci  godziwej ujmuje  si\u0119 w  pozosta\u0142ych przychodach operacyjnych.  ",
   "dimensions": {
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    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "Cz\u0119\u015b\u0107 10 \u2013 Kapita\u0142 obrotowy Nota 10.1 Zapasy Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy  Grupa dokonuje wyceny zapas\u00f3w wed\u0142ug ceny nabycia lub kosztu wytworzenia  nie  wy\u017cszych  ni\u017c  cena  sprzeda\u017cy  pomniejszona o koszty  doko\u0144czenia  produkcji  i  doprowadzenia  sprzeda\u017cy do skutku.  Ewentualna  r\u00f3\u017cnica  warto\u015bci  dotycz\u0105ca  wytworzonych  wyrob\u00f3w, stanowi  odpis  aktualizuj\u0105cy  i  jest  ujmowana  w  koszcie wytworzenia sprzedanych produkt\u00f3w. Koszt  wytworzenia  zapasu  wyrob\u00f3w  gotowych,  p\u00f3\u0142fabrykat\u00f3w i produkcji  w  toku  obejmuje  koszty  bezpo\u015brednio  zwi\u0105zane z produkcj\u0105  produktu  oraz  odpowiednio  przypisane  zmienne i sta\u0142e  koszty  po\u015brednie  produkcji.  Sta\u0142e  po\u015brednie  koszty produkcji  przypisuje  si\u0119  przyjmuj\u0105c  normalny  poziom wykorzystania zdolno\u015bci produkcyjnych. Wyceny  bilansowej  rozchodu  sk\u0142adnika  zapas\u00f3w  dokonuje  si\u0119 wed\u0142ug  \u015bredniej  wa\u017conej  ceny  nabycia  oraz  \u015bredniowa\u017conego rzeczywistego kosztu wytworzenia. Jako zapasy Grupa klasyfikuje r\u00f3wnie\u017c awaryjne cz\u0119\u015bci zamienne, kt\u00f3re  nie  spe\u0142niaj\u0105  kryteri\u00f3w  ujmowania  jako  rzeczowe  aktywa trwa\u0142e  zgodnie  z  MSR  16  par.  7  oraz  zgodnie  z  zasadami kapitalizacji  istotnych  cz\u0119\u015bci  sk\u0142adowych  przyj\u0119tych  w  zasadach rachunkowo\u015bci  Jednostki  Dominuj\u0105cej,  w  kt\u00f3rych  okre\u015blono warto\u015bciowy  pr\u00f3g  na  poziomie  co  najmniej  300  tys.  PLN,  dla kt\u00f3rych to cz\u0119\u015bci zamiennych przeprowadza si\u0119 analiz\u0119 pod k\u0105tem spe\u0142nienia  kryteri\u00f3w  kapitalizacji  z  MSR  16.  W  zwi\u0105zku z powy\u017cszym, jako  zapas  ujmowane  s\u0105 w  szczeg\u00f3lno\u015bci awaryjne cz\u0119\u015bci  zamienne,  kt\u00f3rych  warto\u015b\u0107  jest  nieistotna  b\u0105d\u017a  nie podlegaj\u0105  one  wymianom  w  regularnych  odst\u0119pach  czasu,  lub kt\u00f3re, po ich zamontowaniu, w zwi\u0105zku z awari\u0105 cz\u0119\u015bci zamiennej w  sk\u0142adniku  rzeczowych  aktyw\u00f3w  trwa\u0142ych,  nie  przyczyni\u0105  si\u0119 do uzyskania  wi\u0119kszych  korzy\u015bci  ekonomicznych  z  dalszego u\u017cytkowania  tego  sk\u0142adnika,  od  tych  kt\u00f3re  by\u0142y  za\u0142o\u017cone w momencie  pocz\u0105tkowego  uj\u0119cia  sk\u0142adnika  i  oddania do u\u017cytkowania. Koszty takich awaryjnych cz\u0119\u015bci zamiennych, jako koszty  bie\u017c\u0105cego  utrzymania  aktyw\u00f3w,  ujmowane  s\u0105  w  wyniku w momencie ich zu\u017cycia. W  skonsolidowanym  sprawozdaniu  finansowym ilo\u015b\u0107  zapas\u00f3w  Grupy  Kapita\u0142owej  KGHM INTERNATIONAL LTD.  powstaj\u0105cych  w  procesie \u0142ugowania,  jest  okre\u015blana  w oparciu  o szacowany odzysk  metalu  z  rudy.  Natura  procesu wyp\u0142ukiwania  miedzi  z  rudy  ogranicza  precyzyjne monitorowanie  poziomu  zapas\u00f3w  powstaj\u0105cych w wyniku  tego  procesu.  W  kolejnych  okresach sprawozdawczych,  dokonuje  si\u0119  korekty szacowanego  w  danym  okresie  sprawozdawczym odzysku  miedzi  z  \u0142ugowanej  rudy  do  poziomu produkcji osi\u0105gni\u0119tej w kolejnym okresie. Na  dzie\u0144  31  grudnia  2022  r.  warto\u015b\u0107  zapas\u00f3w ustalona  prowizorycznie  wynios\u0142a  38  mln  PLN (na 31 grudnia 2021 r. 99 mln PLN). Grupa  dokonuje  wyceny  zapas\u00f3w  na  poziomie kosztu  wytworzenia,  nie  wy\u017cszym  jednak  od warto\u015bci  netto  mo\u017cliwej  do  uzyskania.  Cen\u0119 sprzeda\u017cy  netto  dla  miedzi  na  dzie\u0144  ko\u0144cz\u0105cy okres  sprawozdawczy  Grupa  ustala  na  podstawie notowa\u0144 cen metalu wg krzywej terminowej z LME (Londy\u0144skiej Gie\u0142dy Metali)  ustalonej  dla  miesi\u0119cy, w  kt\u00f3rych  b\u0119dzie  nast\u0119powa\u0142a  sprzeda\u017c  zapas\u00f3w miedzi. Stan na 31.12.2022 Stan na 31.12.2021 Materia\u0142y 2 084 1 562 P\u00f3\u0142produkty i produkty w toku 4 835 3 494 Produkty gotowe 1 777 1 195 Towary  206 236 Nota 10.4  Razem warto\u015b\u0107 zapas\u00f3w, z tego: 8 902 6 487   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy         (grupa zbycia) - 150  wykazane  jako \u201ezapasy\"  8 902 6 337 Nota 4.4 Odpisy aktualizuj\u0105ce warto\u015b\u0107 zapas\u00f3w w okresie obrotowym od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Utworzony odpis w koszty sprzedanych produkt\u00f3w, towar\u00f3w  i materia\u0142\u00f3w* ( 79) ( 47) Odwr\u00f3cony odpis w kosztach sprzedanych produkt\u00f3w, towar\u00f3w  i materia\u0142\u00f3w**  55 88 Terminy realizacji zapas\u00f3w Stan na 31.12.2022 Stan na 31.12.2021 O okresie d\u0142u\u017cszym ni\u017c 12 miesi\u0119cy od zako\u0144czenia okresu sprawozdawczego  426 216 O okresie do 12 miesi\u0119cy od zako\u0144czenia okresu sprawozdawczego 8 476 6 271 * W tym 44 mln PLN dotyczy utworzenia odpisu w KGHM INTERNATIONAL LTD. w 2022 r. z uwagi na koszt wytworzenia wy\u017cszy ni\u017c warto\u015b\u0107 netto mo\u017cliwa do uzyskania ze sprzeda\u017cy. ** W tym 67 mln PLN dotyczy odwr\u00f3cenia odpisu w KGHM INTERNATIONAL LTD. w 2021 r. z uwagi na ust\u0105pienie przes\u0142anek powoduj\u0105cych odpis zapasu w poprzednich okresach, tj. zmian\u0119 szacunk\u00f3w (wzrost) ilo\u015bci szacowanej produkcji miedzi z ha\u0142dy \u0142ugowania. Na dzie\u0144 31 grudnia 2022 r. i w okresie por\u00f3wnywalnym, na warto\u015b\u0107 zapas\u00f3w z terminem realizacji powy\u017cej 12 miesi\u0119cy sk\u0142adaj\u0105  si\u0119  g\u0142\u00f3wnie  zapasy  awaryjne  materia\u0142\u00f3w  i  cz\u0119\u015bci  zamiennych  dla  utrzymania ci\u0105g\u0142o\u015bci  produkcji  oraz  produkt gotowy  ren.  Ponadto  w  Grupie  Kapita\u0142owej  KGHM  INTERNATIONAL  LTD.  wyst\u0119puje  zapas  rudy,  kt\u00f3ry  zostanie  zu\u017cyty w terminie powy\u017cej 12 miesi\u0119cy \u0142\u0105cznie z materia\u0142em eksploatowanym w okresie bie\u017c\u0105cym o wy\u017cszej jako\u015bci. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-392": {
   "value": "Zasady rachunkowo\u015bci  Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy  Grupa dokonuje wyceny zapas\u00f3w wed\u0142ug ceny nabycia lub kosztu wytworzenia  nie  wy\u017cszych  ni\u017c  cena  sprzeda\u017cy  pomniejszona o koszty  doko\u0144czenia  produkcji  i  doprowadzenia  sprzeda\u017cy do skutku.  Ewentualna  r\u00f3\u017cnica  warto\u015bci  dotycz\u0105ca  wytworzonych  wyrob\u00f3w, stanowi  odpis  aktualizuj\u0105cy  i  jest  ujmowana  w  koszcie wytworzenia sprzedanych produkt\u00f3w. Koszt  wytworzenia  zapasu  wyrob\u00f3w  gotowych,  p\u00f3\u0142fabrykat\u00f3w i produkcji  w  toku  obejmuje  koszty  bezpo\u015brednio  zwi\u0105zane z produkcj\u0105  produktu  oraz  odpowiednio  przypisane  zmienne i sta\u0142e  koszty  po\u015brednie  produkcji.  Sta\u0142e  po\u015brednie  koszty produkcji  przypisuje  si\u0119  przyjmuj\u0105c  normalny  poziom wykorzystania zdolno\u015bci produkcyjnych. Wyceny  bilansowej  rozchodu  sk\u0142adnika  zapas\u00f3w  dokonuje  si\u0119 wed\u0142ug  \u015bredniej  wa\u017conej  ceny  nabycia  oraz  \u015bredniowa\u017conego rzeczywistego kosztu wytworzenia. Jako zapasy Grupa klasyfikuje r\u00f3wnie\u017c awaryjne cz\u0119\u015bci zamienne, kt\u00f3re  nie  spe\u0142niaj\u0105  kryteri\u00f3w  ujmowania  jako  rzeczowe  aktywa trwa\u0142e  zgodnie  z  MSR  16  par.  7  oraz  zgodnie  z  zasadami kapitalizacji  istotnych  cz\u0119\u015bci  sk\u0142adowych  przyj\u0119tych  w  zasadach rachunkowo\u015bci  Jednostki  Dominuj\u0105cej,  w  kt\u00f3rych  okre\u015blono warto\u015bciowy  pr\u00f3g  na  poziomie  co  najmniej  300  tys.  PLN,  dla kt\u00f3rych to cz\u0119\u015bci zamiennych przeprowadza si\u0119 analiz\u0119 pod k\u0105tem spe\u0142nienia  kryteri\u00f3w  kapitalizacji  z  MSR  16.  W  zwi\u0105zku z powy\u017cszym, jako  zapas  ujmowane  s\u0105 w  szczeg\u00f3lno\u015bci awaryjne cz\u0119\u015bci  zamienne,  kt\u00f3rych  warto\u015b\u0107  jest  nieistotna  b\u0105d\u017a  nie podlegaj\u0105  one  wymianom  w  regularnych  odst\u0119pach  czasu,  lub kt\u00f3re, po ich zamontowaniu, w zwi\u0105zku z awari\u0105 cz\u0119\u015bci zamiennej w  sk\u0142adniku  rzeczowych  aktyw\u00f3w  trwa\u0142ych,  nie  przyczyni\u0105  si\u0119 do uzyskania  wi\u0119kszych  korzy\u015bci  ekonomicznych  z  dalszego u\u017cytkowania  tego  sk\u0142adnika,  od  tych  kt\u00f3re  by\u0142y  za\u0142o\u017cone w momencie  pocz\u0105tkowego  uj\u0119cia  sk\u0142adnika  i  oddania do u\u017cytkowania. Koszty takich awaryjnych cz\u0119\u015bci zamiennych, jako koszty  bie\u017c\u0105cego  utrzymania  aktyw\u00f3w,  ujmowane  s\u0105  w  wyniku w momencie ich zu\u017cycia. W  skonsolidowanym  sprawozdaniu  finansowym ilo\u015b\u0107  zapas\u00f3w  Grupy  Kapita\u0142owej  KGHM INTERNATIONAL LTD.  powstaj\u0105cych  w  procesie \u0142ugowania,  jest  okre\u015blana  w oparciu  o szacowany odzysk  metalu  z  rudy.  Natura  procesu wyp\u0142ukiwania  miedzi  z  rudy  ogranicza  precyzyjne monitorowanie  poziomu  zapas\u00f3w  powstaj\u0105cych w wyniku  tego  procesu.  W  kolejnych  okresach sprawozdawczych,  dokonuje  si\u0119  korekty szacowanego  w  danym  okresie  sprawozdawczym odzysku  miedzi  z  \u0142ugowanej  rudy  do  poziomu produkcji osi\u0105gni\u0119tej w kolejnym okresie. Na  dzie\u0144  31  grudnia  2022  r.  warto\u015b\u0107  zapas\u00f3w ustalona  prowizorycznie  wynios\u0142a  38  mln  PLN (na 31 grudnia 2021 r. 99 mln PLN). Grupa  dokonuje  wyceny  zapas\u00f3w  na  poziomie kosztu  wytworzenia,  nie  wy\u017cszym  jednak  od warto\u015bci  netto  mo\u017cliwej  do  uzyskania.  Cen\u0119 sprzeda\u017cy  netto  dla  miedzi  na  dzie\u0144  ko\u0144cz\u0105cy okres  sprawozdawczy  Grupa  ustala  na  podstawie notowa\u0144 cen metalu wg krzywej terminowej z LME (Londy\u0144skiej Gie\u0142dy Metali)  ustalonej  dla  miesi\u0119cy, w  kt\u00f3rych  b\u0119dzie  nast\u0119powa\u0142a  sprzeda\u017c  zapas\u00f3w miedzi. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-393": {
   "value": "Nota 10.3 Zobowi\u0105zania wobec dostawc\u00f3w i podobne Stan na 31.12.2022 Stan na 31.12.2021 Zobowi\u0105zania d\u0142ugoterminowe wobec dostawc\u00f3w   186 187 Zobowi\u0105zania kr\u00f3tkoterminowe wobec dostawc\u00f3w  3 076 2 919 Zobowi\u0105zania kr\u00f3tkoterminowe podobne - faktoring d\u0142u\u017cny  18 95 Nota 10.4 Zobowi\u0105zania wobec dostawc\u00f3w i podobne, z tego: 3 280 3 201   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 40   wykazane jako \u201ezobowi\u0105zania wobec dostawc\u00f3w i podobne\"     i \u201epozosta\u0142e zobowi\u0105zania\"-d\u0142ugoterminowe 3 280 3 161 W 2022 r. \u0142\u0105czny ustalony limit zaanga\u017cowania faktor\u00f3w w Grupie Kapita\u0142owej wynosi 1 553 mln PLN (w tym w Jednostce Dominuj\u0105cej  1  500  mln  PLN).  Jednostka  Dominuj\u0105ca  ma  obecnie  dwie  umowy  na  \u015bwiadczenie  us\u0142ug  faktoringu,  kt\u00f3ry zosta\u0142  wdro\u017cony  w  roku  2019  w  celu  umo\u017cliwienia  dostawcom  szybszego  otrzymania  sp\u0142aty  wierzytelno\u015bci  w  ramach standardowego  procesu  zakupowego  realizowanego  przez  Jednostk\u0119  Dominuj\u0105c\u0105,  przy  jednoczesnym  wyd\u0142u\u017ceniu terminu sp\u0142aty przez Jednostk\u0119 Dominuj\u0105c\u0105 zobowi\u0105za\u0144 wobec faktora. W bie\u017c\u0105cym roku, ze wzgl\u0119du na dobr\u0105 sytuacj\u0119 p\u0142ynno\u015bciow\u0105 Jednostki Dominuj\u0105cej, nie by\u0142o przes\u0142anek do korzystania z tej formy rozlicze\u0144, do faktor\u00f3w nie przekazano zobowi\u0105za\u0144 i nie pojawi\u0142y si\u0119 zobowi\u0105zania handlowe obj\u0119te faktoringiem  d\u0142u\u017cnym  na  dzie\u0144 31 grudnia  2022 r. Sp\u00f3\u0142ki Grupy  przekaza\u0142y  w  bie\u017c\u0105cym  roku  obrotowym  do faktor\u00f3w  zobowi\u0105zania  w \u0142\u0105cznej  kwocie  72  mln  PLN  (w  roku zako\u0144czonym 31 grudnia 2021 r. do faktora Jednostka Dominuj\u0105ca przekaza\u0142a zobowi\u0105zania w kwocie 988 mln PLN, sp\u00f3\u0142ki Grupy przekaza\u0142y zobowi\u0105zania o warto\u015bci 67 mln PLN). Stan zobowi\u0105za\u0144 handlowych obj\u0119tych faktoringiem d\u0142u\u017cnym w sp\u00f3\u0142kach Grupy na dzie\u0144 31 grudnia 2022 r. wyni\u00f3s\u0142 18 mln PLN (na dzie\u0144 31 grudnia 2021 r. w Jednostce Dominuj\u0105cej 55 mln PLN, w sp\u00f3\u0142kach Grupy 40  mln  PLN).  W bie\u017c\u0105cym roku obrotowym Grupa dokona\u0142a p\u0142atno\u015bci na  rzecz faktor\u00f3w w kwocie 150 mln PLN (w roku obrotowym zako\u0144czonym 31 grudnia 2021 r. 2 213 mln PLN). Koszty odsetkowe naliczone i poniesione na rzecz faktora w 2022 r. wynios\u0142y 3 mln PLN (w 2021 r. 9 mln PLN). Terminy sp\u0142aty wierzytelno\u015bci z tytu\u0142u faktoringu d\u0142u\u017cnego nie przekraczaj\u0105 12 miesi\u0119cy, w zwi\u0105zku z czym zobowi\u0105zania obj\u0119te faktoringiem d\u0142u\u017cnym w ca\u0142o\u015bci prezentowane s\u0105 jako kr\u00f3tkoterminowe. W  pozycji  zobowi\u0105za\u0144  wobec  dostawc\u00f3w  zawarte  zosta\u0142y  zobowi\u0105zania  z  tytu\u0142u  zakupu,  budowy  \u015brodk\u00f3w  trwa\u0142ych i warto\u015bci  niematerialnych  wynosz\u0105ce  na  31  grudnia  2022  r.  w  cz\u0119\u015bci  d\u0142ugoterminowej  185  mln  PLN,  a w cz\u0119\u015bci kr\u00f3tkoterminowej 627 mln PLN (na 31 grudnia 2021 r. odpowiednio 186 mln PLN i 649 mln PLN). Grupa Kapita\u0142owa nara\u017cona jest na ryzyko walutowe wynikaj\u0105ce ze zobowi\u0105za\u0144 wobec dostawc\u00f3w oraz ryzyko p\u0142ynno\u015bci. Informacje na temat ryzyka walutowego przedstawiono w Nocie 7.5.1.3 oraz ryzyka p\u0142ynno\u015bci w Nocie 8.3.1.  Warto\u015b\u0107 godziwa zobowi\u0105za\u0144 wobec dostawc\u00f3w zbli\u017cona jest do ich warto\u015bci bilansowej.  Zasady rachunkowo\u015bci Zobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej  o  koszty transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Naliczone  odsetki  z  tytu\u0142u  dokonania  sp\u0142aty  zobowi\u0105za\u0144  w  terminie  p\u00f3\u017aniejszym,  w  szczeg\u00f3lno\u015bci  przekazanych do faktoringu d\u0142u\u017cnego, ujmowane s\u0105 w wyniku okresu w pozycji koszty finansowe. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Zobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne  prezentowane  w  sprawozdaniu  z  sytuacji  finansowej  zawieraj\u0105  r\u00f3wnie\u017c zobowi\u0105zania handlowe przekazane do faktoringu d\u0142u\u017cnego, kt\u00f3re mieszcz\u0105 si\u0119 w kategorii \u201epodobne\u201d.  Ponadto pozycja \u201ezobowi\u0105zania podobne\u201d obejmuje tak\u017ce zobowi\u0105zania handlowe wewn\u0105trzgrupowe przekazane przez d\u0142u\u017cnika  do  faktora,  w  odniesieniu  do  kt\u00f3rych  wierzyciel  otrzyma\u0142  p\u0142atno\u015b\u0107  od  faktora.  W momencie  przekazania zobowi\u0105zania  do  faktoringu  d\u0142u\u017cnego  Jednostka  Dominuj\u0105ca  ujmuje  zobowi\u0105zanie  wobec  faktora,  kt\u00f3ry    w  zwi\u0105zku z dokonaniem  subrogacji  ustawowej  wierzytelno\u015bci  z  prawnego  punktu  widzenia  przejmuje  prawa  i  obowi\u0105zki charakterystyczne dla wierzytelno\u015bci handlowych. Poniewa\u017c faktoring  d\u0142u\u017cny  nie  jest  bezpo\u015brednio  uregulowany  w  MSSF  i  w  zwi\u0105zku z  niejednoznacznym charakterem transakcji  niezb\u0119dne  by\u0142o  dokonanie  przez  Jednostk\u0119  Dominuj\u0105c\u0105  istotnego  os\u0105du  w  zakresie  prezentacji  sald zobowi\u0105za\u0144 oddanych do faktoringu w sprawozdaniu z sytuacji finansowej oraz prezentacji transakcji w sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych. Os\u0105d Jednostki Dominuj\u0105cej zgodnie, z kt\u00f3rym prezentacja tych sald w sprawozdaniu z sytuacji finansowej  w  ramach  pozycji  \u201eZobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne\u201d  znalaz\u0142  potwierdzenie  w  Interpretacji Komitetu Standard\u00f3w z grudnia 2020 r. Jednostka Dominuj\u0105ca wskazuje, \u017ce termin faktycznej sp\u0142aty zobowi\u0105za\u0144 wobec dostawc\u00f3w  obj\u0119tych  umowami  faktoringu  d\u0142u\u017cnego  jest  d\u0142u\u017cszy  (do  180  dni)  od  terminu  sp\u0142aty  zobowi\u0105za\u0144  wobec pozosta\u0142ych  dostawc\u00f3w,  kt\u00f3rych  zobowi\u0105zania nie  s\u0105  oddawane  do  faktoringu,  kt\u00f3ry  standardowo  wynosi  60  dni,  co mo\u017ce  \u015bwiadczy\u0107  na  rzecz  zmiany  charakteru  tych  zobowi\u0105za\u0144  z  handlowego  na  d\u0142u\u017cny.  Jednak\u017ce  cecha  ta  zosta\u0142a oceniona  przez  Jednostk\u0119  Dominuj\u0105c\u0105  za  niewystarczaj\u0105c\u0105,  aby  uzna\u0107,  \u017ce  w  momencie  przekazania  zobowi\u0105zania handlowego do faktoringu d\u0142u\u017cnego nast\u0105pi\u0142a ca\u0142kowita zmiana charakteru zobowi\u0105zania. Poza powy\u017cszym kryterium, \u017cadne  inne warunki  zobowi\u0105za\u0144  obj\u0119tych  faktoringiem  d\u0142u\u017cnym  nie  r\u00f3\u017cni\u0105  si\u0119 od  warunk\u00f3w pozosta\u0142ych  zobowi\u0105za\u0144 handlowych.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "Zasady rachunkowo\u015bci Zobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej  o  koszty transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Naliczone  odsetki  z  tytu\u0142u  dokonania  sp\u0142aty  zobowi\u0105za\u0144  w  terminie  p\u00f3\u017aniejszym,  w  szczeg\u00f3lno\u015bci  przekazanych do faktoringu d\u0142u\u017cnego, ujmowane s\u0105 w wyniku okresu w pozycji koszty finansowe. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Zobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne  prezentowane  w  sprawozdaniu  z  sytuacji  finansowej  zawieraj\u0105  r\u00f3wnie\u017c zobowi\u0105zania handlowe przekazane do faktoringu d\u0142u\u017cnego, kt\u00f3re mieszcz\u0105 si\u0119 w kategorii \u201epodobne\u201d.  Ponadto pozycja \u201ezobowi\u0105zania podobne\u201d obejmuje tak\u017ce zobowi\u0105zania handlowe wewn\u0105trzgrupowe przekazane przez d\u0142u\u017cnika  do  faktora,  w  odniesieniu  do  kt\u00f3rych  wierzyciel  otrzyma\u0142  p\u0142atno\u015b\u0107  od  faktora.  W momencie  przekazania zobowi\u0105zania  do  faktoringu  d\u0142u\u017cnego  Jednostka  Dominuj\u0105ca  ujmuje  zobowi\u0105zanie  wobec  faktora,  kt\u00f3ry    w  zwi\u0105zku z dokonaniem  subrogacji  ustawowej  wierzytelno\u015bci  z  prawnego  punktu  widzenia  przejmuje  prawa  i  obowi\u0105zki charakterystyczne dla wierzytelno\u015bci handlowych. Poniewa\u017c faktoring  d\u0142u\u017cny  nie  jest  bezpo\u015brednio  uregulowany  w  MSSF  i  w  zwi\u0105zku z  niejednoznacznym charakterem transakcji  niezb\u0119dne  by\u0142o  dokonanie  przez  Jednostk\u0119  Dominuj\u0105c\u0105  istotnego  os\u0105du  w  zakresie  prezentacji  sald zobowi\u0105za\u0144 oddanych do faktoringu w sprawozdaniu z sytuacji finansowej oraz prezentacji transakcji w sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych. Os\u0105d Jednostki Dominuj\u0105cej zgodnie, z kt\u00f3rym prezentacja tych sald w sprawozdaniu z sytuacji finansowej  w  ramach  pozycji  \u201eZobowi\u0105zania  wobec  dostawc\u00f3w  i  podobne\u201d  znalaz\u0142  potwierdzenie  w  Interpretacji Komitetu Standard\u00f3w z grudnia 2020 r. Jednostka Dominuj\u0105ca wskazuje, \u017ce termin faktycznej sp\u0142aty zobowi\u0105za\u0144 wobec dostawc\u00f3w  obj\u0119tych  umowami  faktoringu  d\u0142u\u017cnego  jest  d\u0142u\u017cszy  (do  180  dni)  od  terminu  sp\u0142aty  zobowi\u0105za\u0144  wobec pozosta\u0142ych  dostawc\u00f3w,  kt\u00f3rych  zobowi\u0105zania nie  s\u0105  oddawane  do  faktoringu,  kt\u00f3ry  standardowo  wynosi  60  dni,  co mo\u017ce  \u015bwiadczy\u0107  na  rzecz  zmiany  charakteru  tych  zobowi\u0105za\u0144  z  handlowego  na  d\u0142u\u017cny.  Jednak\u017ce  cecha  ta  zosta\u0142a oceniona  przez  Jednostk\u0119  Dominuj\u0105c\u0105  za  niewystarczaj\u0105c\u0105,  aby  uzna\u0107,  \u017ce  w  momencie  przekazania  zobowi\u0105zania handlowego do faktoringu d\u0142u\u017cnego nast\u0105pi\u0142a ca\u0142kowita zmiana charakteru zobowi\u0105zania. Poza powy\u017cszym kryterium, \u017cadne  inne warunki  zobowi\u0105za\u0144  obj\u0119tych  faktoringiem  d\u0142u\u017cnym  nie  r\u00f3\u017cni\u0105  si\u0119 od  warunk\u00f3w pozosta\u0142ych  zobowi\u0105za\u0144 handlowych.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "Naliczone  odsetki  z  tytu\u0142u  dokonania  sp\u0142aty  zobowi\u0105za\u0144  w  terminie  p\u00f3\u017aniejszym,  w  szczeg\u00f3lno\u015bci  przekazanych do faktoringu d\u0142u\u017cnego, ujmowane s\u0105 w wyniku okresu w pozycji koszty finansowe. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-394": {
   "value": "Zasady rachunkowo\u015bci  Przep\u0142ywy  pieni\u0119\u017cne  z  tytu\u0142u  odsetek  od  transakcji  faktoringu  d\u0142u\u017cnego  prezentowane  s\u0105  w  ramach  przep\u0142yw\u00f3w z dzia\u0142alno\u015bci  finansowej.  Kwoty  faktycznych  sp\u0142at  wierzytelno\u015bci  podstawowej oddanej  do  faktoringu  d\u0142u\u017cnego  wobec faktora prezentowane s\u0105 w ramach przep\u0142yw\u00f3w z dzia\u0142alno\u015bci operacyjnej i cz\u0119\u015bciowo, r\u00f3wnie\u017c inwestycyjnej. Dodatkowo Jednostka Dominuj\u0105ca w ramach zmiany stanu kapita\u0142u obrotowego w sprawozdaniu z przep\u0142yw\u00f3w pieni\u0119\u017cnych wykazuje w  odr\u0119bnej  linii  \u201eZmian\u0119  stanu  zobowi\u0105za\u0144  handlowych  oddanych  do  faktoringu\u201d,  dla  cel\u00f3w  jasnej  i  przejrzystej prezentacji. Wa\u017cne oszacowania, za\u0142o\u017cenia i os\u0105dy Jednostka Dominuj\u0105ca w trakcie okresu zako\u0144czonego 31 grudnia 2019 r. wdro\u017cy\u0142a faktoring d\u0142u\u017cny (dalsze informacje przedstawiono w Nocie 10.3). Poniewa\u017c  praktyka  rynkowa  w  zakresie  prezentacji  transakcji  faktoringu  d\u0142u\u017cnego  w  sprawozdaniu  z  przep\u0142yw\u00f3w pieni\u0119\u017cnych nie jest jednolita, konieczne by\u0142o dokonanie przez Zarz\u0105d os\u0105du w tym obszarze. W przypadku tych transakcji Jednostka  Dominuj\u0105ca  musia\u0142a  dokona\u0107  oceny,  czy  wydatki  zwi\u0105zane  z  p\u0142atno\u015bciami  dokonanymi  na  rzecz  faktora powinny by\u0107 zaklasyfikowane do przep\u0142yw\u00f3w pieni\u0119\u017cnych z dzia\u0142alno\u015bci operacyjnej czy te\u017c do przep\u0142yw\u00f3w z dzia\u0142alno\u015bci finansowej  w  ramach  sprawozdania  z  przep\u0142yw\u00f3w  pieni\u0119\u017cnych.  Zgodnie  z  MSR7.11  jednostka  powinna  prezentowa\u0107 przep\u0142ywy pieni\u0119\u017cne z dzia\u0142alno\u015bci operacyjnej, inwestycyjnej i finansowej w spos\u00f3b najbardziej odpowiedni dla rodzaju prowadzonej  dzia\u0142alno\u015bci,  gdy\u017c  informacja  ta  dostarcza  u\u017cytkownikom  sprawozda\u0144  finansowych  dane  pozwalaj\u0105ce  na dokonanie oceny wp\u0142ywu  tych\u017ce  dzia\u0142alno\u015bci  na  sytuacj\u0119 finansow\u0105 jednostki oraz na  kwot\u0119 \u015brodk\u00f3w pieni\u0119\u017cnych i ich ekwiwalent\u00f3w. W zwi\u0105zku z powy\u017cszym w ocenie Jednostki Dominuj\u0105cej: -  prezentacja  sp\u0142aty  kwoty  wierzytelno\u015bci podstawowej  w  ramach  faktoringu  d\u0142u\u017cnego  w  przep\u0142ywach  z  dzia\u0142alno\u015bci operacyjnej  jest  zgodna  z  celem  poszczeg\u00f3lnych  element\u00f3w  transakcji    i  sp\u00f3jna  z  prezentacj\u0105  tych  transakcji w sprawozdaniu  z  sytuacji  finansowej.  W  przypadku  dokonania  subrogacji  ustawowej  wierzytelno\u015bci  przez  faktora z prawnego  punktu  widzenia  przejmuje  on prawa  i  obowi\u0105zki  charakterystyczne  dla wierzytelno\u015bci  handlowych. Jedynie  przep\u0142ywy  wynikaj\u0105ce  ze  sp\u0142aty  kwot  wierzytelno\u015bci  podstawowych,  pochodz\u0105cych  z  zobowi\u0105za\u0144  z  tytu\u0142u zakupu, budowy \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych prezentowane s\u0105 w ramach dzia\u0142alno\u015bci inwestycyjnej (dalsze informacje przedstawiono w Nocie 10.3),   -  natomiast  aspekt  finansowy  zwi\u0105zany  z  transakcj\u0105  faktoringu  jest  wskazany  w  prezentacji  odsetek  w  ramach dzia\u0142alno\u015bci finansowej. Jest to sp\u00f3jne z ujmowaniem tych odsetek w kosztach finansowych w sprawozdaniu z wyniku zgodnie  z przyj\u0119t\u0105  przez  Jednostk\u0119 Dominuj\u0105c\u0105  polityk\u0105 rachunkowo\u015bci prezentacji  koszt\u00f3w odsetek  od  faktoringu d\u0142u\u017cnego w dzia\u0142alno\u015bci finansowej. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-395": {
   "value": "Cz\u0119\u015b\u0107 11 \u2013 \u015awiadczenia pracownicze Nota 11.1 Zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych Zasady rachunkowo\u015bci Grupa zobowi\u0105zana jest do wyp\u0142aty okre\u015blonych \u015bwiadcze\u0144 po okresie zatrudnienia (\u015bwiadcze\u0144 emerytalnych z tytu\u0142u jednorazowych  odpraw  emerytalno-rentowych,  odpraw  po\u015bmiertnych,  ekwiwalentu  w\u0119glowego)  oraz  innych d\u0142ugoterminowych \u015bwiadcze\u0144 (w postaci nagr\u00f3d jubileuszowych), zgodnie z Zak\u0142adowym Uk\u0142adem Zbiorowym Pracy. Wysoko\u015b\u0107 zobowi\u0105za\u0144 z tytu\u0142u obu rodzaj\u00f3w \u015bwiadcze\u0144 szacowana jest na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy przez niezale\u017cnego aktuariusza metod\u0105 prognozowanych uprawnie\u0144 jednostkowych.  Warto\u015b\u0107  bie\u017c\u0105c\u0105  zobowi\u0105zania  z  tytu\u0142u  okre\u015blonych  \u015bwiadcze\u0144  ustala  si\u0119  poprzez  zdyskontowanie  szacowanych przysz\u0142ych  wyp\u0142yw\u00f3w  pieni\u0119\u017cnych  przy  zastosowaniu  st\u00f3p  rentowno\u015bci  obligacji  skarbowych  wyra\u017conych  w walucie przysz\u0142ej wyp\u0142aty \u015bwiadcze\u0144, o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w regulowania odno\u015bnych zobowi\u0105za\u0144. Zyski  i  straty  aktuarialne  z  wyceny  okre\u015blonych  \u015bwiadcze\u0144  po  okresie  zatrudnienia  ujmuje  si\u0119  w  pozosta\u0142ych ca\u0142kowitych  dochodach  w  okresie  w  kt\u00f3rym  powsta\u0142y.  Zyski  i  straty  aktuarialne  z  wyceny  pozosta\u0142ych  \u015bwiadcze\u0144 (\u015bwiadczenia z tytu\u0142u nagr\u00f3d jubileuszowych) ujmowane s\u0105 w wyniku finansowym. Wa\u017cne oszacowania i za\u0142o\u017cenia Zobowi\u0105zanie  bilansowe  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  r\u00f3wne  jest  warto\u015bci  bie\u017c\u0105cej  zobowi\u0105zania  z  tytu\u0142u  okre\u015blonych  \u015bwiadcze\u0144.  Wysoko\u015b\u0107  zobowi\u0105zania  zale\u017cy  od  wielu  czynnik\u00f3w,  kt\u00f3re  s\u0105  wykorzystywane  jako za\u0142o\u017cenia w metodzie aktuarialnej. Wszelkie zmiany za\u0142o\u017ce\u0144 maj\u0105 wp\u0142yw na warto\u015b\u0107 bilansow\u0105 zobowi\u0105zania. Jednym  z  podstawowych  za\u0142o\u017ce\u0144  dla  ustalenia  wysoko\u015bci  zobowi\u0105zania  jest  stopa  dyskontowa.  Na  dzie\u0144  ko\u0144cz\u0105cy  okres sprawozdawczy  w  oparciu  o  opini\u0119  niezale\u017cnego  aktuariusza  przyjmuje  si\u0119  odpowiedni\u0105  stop\u0119  dyskonta  dla podmiot\u00f3w  Grupy  Kapita\u0142owej,  przy  u\u017cyciu  kt\u00f3rej  ustala  si\u0119  warto\u015b\u0107  bie\u017c\u0105c\u0105  szacowanych  przysz\u0142ych  wyp\u0142yw\u00f3w pieni\u0119\u017cnych  z  tytu\u0142u  tych  \u015bwiadcze\u0144. Przy  ustalaniu  stopy  dyskontowej  dla  okresu  sprawozdawczego  aktuariusz stosuje  dost\u0119pne  na  dat\u0119  bilansow\u0105  warto\u015bci  rentowno\u015bci  obligacji  Skarbu  Pa\u0144stwa  o  zapadalno\u015bci  zbli\u017conej do \u015bredniej zapadalno\u015bci wycenianych \u015bwiadcze\u0144. Pozosta\u0142e  za\u0142o\u017cenia  makroekonomiczne  wykorzystywane  dla  wyceny  zobowi\u0105za\u0144  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144 pracowniczych, takie jak stopa inflacji czy najni\u017csze wynagrodzenie, oparte s\u0105 na obecnych warunkach rynkowych.  Zgodnie  z  MSR  19  par.  78  za\u0142o\u017cenia  aktuarialne  przyj\u0119te  dla  cel\u00f3w  wyceny  \u015bwiadcze\u0144  pracowniczych  w  Grupie  s\u0105 sp\u00f3jne,  gdy\u017c  odzwierciedlaj\u0105  relacje  ekonomiczne  pomi\u0119dzy  takimi  czynnikami  jak  inflacja,  stopa  wzrostu wynagrodze\u0144,  stopa  dyskonta  oraz  stopa  wzrostu  cen  w\u0119gla.  Dodatkowa  analiza  za\u0142o\u017ce\u0144  przygotowana  przez Jednostk\u0119 Dominuj\u0105c\u0105 wykaza\u0142a, \u017ce saldo rezerw uzyskane przy przyj\u0119tych za\u0142o\u017ceniach wzrostu wynagrodze\u0144 i wzrostu ceny w\u0119gla mo\u017cna uzyska\u0107 przy alternatywnych \u015bcie\u017ckach wzrostu wynagrodze\u0144 na poziomie 6,0% oraz wzrostu ceny w\u0119gla na poziomie 6,25%. Bior\u0105c pod uwag\u0119 przyj\u0119t\u0105 stop\u0119 dyskonta finansowego na poziomie 6,75% nale\u017cy uzna\u0107, \u017ce przyj\u0119te do wyceny za\u0142o\u017cenia pozostaj\u0105 sp\u00f3jne zgodnie z MSR 19 par. 78. Za\u0142o\u017cenia przyj\u0119te do wyceny na 31 grudnia 2022 r. zosta\u0142y przedstawione w Nocie 11.2. Wra\u017cliwo\u015b\u0107  zobowi\u0105za\u0144  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  na  zmiany  za\u0142o\u017ce\u0144  zosta\u0142a  ustalona  dla  salda zobowi\u0105za\u0144  Jednostki  Dominuj\u0105cej  (saldo  zobowi\u0105za\u0144  Jednostki  Dominuj\u0105cej  stanowi  w  bie\u017c\u0105cym  roku  91%, a w poprzednim 88% ca\u0142o\u015bci salda zobowi\u0105za\u0144 Grupy Kapita\u0142owej). W pozosta\u0142ych sp\u00f3\u0142kach Grupy Kapita\u0142owej, z uwagi na nieistotne salda zobowi\u0105za\u0144 z tego tytu\u0142u, wp\u0142yw zmian podstawowych parametr\u00f3w przyj\u0119tych do kalkulacji rezerw na  wysoko\u015b\u0107  salda  zobowi\u0105za\u0144  z tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  w  skonsolidowanym  sprawozdaniu finansowym by\u0142by nieistotny. Wp\u0142yw zmian wska\u017anik\u00f3w na saldo zobowi\u0105za\u0144 (Jednostki Dominuj\u0105cej) Stan na 31.12.2022 Stan na 31.12.2021 wzrost stopy dyskonta o 1 p. p. (231) (242) obni\u017cenie stopy dyskonta o 1 p. p.  278 308 wzrost o 1 p. p. wska\u017anika wzrostu cen w\u0119gla i wska\u017anika wzrostu wynagrodze\u0144 299 228 obni\u017cenie o 1 p. p.  wska\u017anika wzrostu cen w\u0119gla i wska\u017anika wzrostu wynagrodze\u0144 (227) (177) Sk\u0142adniki pozycji zobowi\u0105za\u0144 z tyt. \u015bwiadcze\u0144 pracowniczych Stan na 31.12.2022   Stan na 31.12.2021 D\u0142ugoterminowe  2 621 2 307 Kr\u00f3tkoterminowe   272 161 Nota 11.2 Zobowi\u0105zania z tytu\u0142u program\u00f3w przysz\u0142ych \u015bwiadcze\u0144 pracowniczych, z tego: 2 893 2 468    wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 1    wykazane jako \u201ezobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych\" 2 893 2 467 Zobowi\u0105zania z tytu\u0142u wynagrodze\u0144  358 297 Zobowi\u0105zania z tytu\u0142u ubezpiecze\u0144 spo\u0142ecznych  296 272 Rozliczenia mi\u0119dzyokresowe koszt\u00f3w bierne (niewykorzystane urlopy, premie, inne)  773 719 Pozosta\u0142e kr\u00f3tkoterminowe zobowi\u0105zania pracownicze, z tego: 1 427 1 288   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 12   wykazane jako \u201ezobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych\" 1 427 1 276 Razem zobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych 4 320 3 756 Koszty \u015bwiadcze\u0144 pracowniczych od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Koszty wynagrodze\u0144 5 370 4 725 Koszty ubezpiecze\u0144 spo\u0142ecznych i innych \u015bwiadcze\u0144 1 784 1 578 Koszty przysz\u0142ych \u015bwiadcze\u0144  179 140 Nota 4.1 Koszty \u015bwiadcze\u0144 pracowniczych 7 333 6 443 Nota 11.2 Zmiana stanu zobowi\u0105za\u0144 z tytu\u0142u program\u00f3w przysz\u0142ych \u015bwiadcze\u0144 pracowniczych  Og\u00f3\u0142em zobowi\u0105zania   Nagrody jubileuszowe  Odprawy emerytalno - rentowe  Ekwiwalent w\u0119glowy  Inne \u015bwiadczenia Stan na dzie\u0144 01.01.2021 3 169 585 4851 966 133Nota 11.1 \u0141\u0105czna kwota koszt\u00f3w uj\u0119ta w wyniku finansowym  140 25 39 66 10Koszty odsetek   41 7 6 26 2Koszty bie\u017c\u0105cego zatrudnienia   128 47 33 40 8Zyski aktuarialne ujmowane w wyniku finansowym  ( 29)( 29)---Nota 8.2.2Zyski aktuarialne ujmowane w pozosta\u0142ych ca\u0142kowitych dochodach ( 694)-( 45)( 628)( 21)Wyp\u0142acone \u015bwiadczenia ( 147)( 58)( 37)( 50)( 2)Stan na dzie\u0144 31.12.2021, z tego: 2 468 552 4421 354 120   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia  1- 1--   wykazane jako \u201ezobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych\" 2 467 552 4411 354 120Nota 11.1 \u0141\u0105czna kwota koszt\u00f3w uj\u0119ta w wyniku finansowym  179 52 44 72 11Koszty odsetek   88 19 16 49 4Koszty bie\u017c\u0105cego zatrudnienia   98 40 28 23 7Zyski aktuarialne ujmowane w wyniku finansowym  ( 7)( 7)---Nota 8.2.2(Zyski)/Straty aktuarialne ujmowane w pozosta\u0142ych ca\u0142kowitych dochodach  422-( 20) 480( 38)Wyp\u0142acone \u015bwiadczenia ( 175)( 68)( 33)( 70)( 4)Zmiany z tytu\u0142u utraty kontroli nad jednostkami zale\u017cnymi ( 1)-( 1)--Stan na dzie\u0144 31.12.2022, z tego: 2 893 536 4321 836 89   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia -----   wykazane jako \u201ezobowi\u0105zania z tytu\u0142u \u015bwiadcze\u0144 pracowniczych\" 2 893 536 4321 836 89Stan na dzie\u0144  31 grudnia 20222021202020192018Warto\u015b\u0107 bie\u017c\u0105ca zobowi\u0105za\u0144 z tytu\u0142u \u015bwiadcze\u0144 pracowniczych 2 8932 4683 1692 7702 618G\u0142\u00f3wne  za\u0142o\u017cenia aktuarialne (Jednostki Dominuj\u0105cej) przyj\u0119te dla cel\u00f3w wyceny na 31 grudnia 2022 r.:  2023 2024 2025 2026 2027 i nast\u0119pne - stopa dyskonta 6,75% 6,75% 6,75% 6,75% 6,75% - stopa wzrostu cen w\u0119gla* 87,90% 5,90% 3,50% 2,50% 2,50% - stopa wzrostu najni\u017cszego    wynagrodzenia 19,60% 5,70% 5,00% 4,00% 4,00% - przewidywana inflacja 13,10% 5,90% 3,50% 2,50% 2,50% - przewidywany przysz\u0142y wzrost    wynagrodze\u0144 16,00% 9,00% 5,00% 4,00% 4,00% * Wzrost cen w\u0119gla w roku 2023 podano jako warto\u015b\u0107 \u015bredni\u0105 dla wszystkich Oddzia\u0142\u00f3w Jednostki Dominuj\u0105cej. Na koniec roku 2022 ceny w\u0119gla w poszczeg\u00f3lnych  Oddzia\u0142ach  stanowi\u0105ce podstaw\u0119 dla  ustalenia  \u015bwiadczenia  by\u0142y w przedziale 996,60 PLN/t  \u2013  1 792,00 PLN/t  \u2013  w  roku  2023 nast\u0105pi wyr\u00f3wnanie ceny w\u0119gla do jednolitego poziomu 2 150 PLN za ton\u0119, w roku 2024 i w nast\u0119pnych latach stopa wzrostu cen w\u0119gla zosta\u0142a przyj\u0119ta na poziomie przewidywanej inflacji. G\u0142\u00f3wne  za\u0142o\u017cenia aktuarialne (Jednostki Dominuj\u0105cej) przyj\u0119te dla cel\u00f3w wyceny na 31 grudnia 2021 r.: 2022 2023 2024 2025 2026 i nast\u0119pne - stopa dyskonta 3,60% 3,60% 3,60% 3,60% 3,60% - stopa wzrostu cen w\u0119gla* 10,00% 3,60% 2,50% 2,50% 2,50% - stopa wzrostu najni\u017cszego    wynagrodzenia 7,50% 5,10% 4,00% 4,00% 4,00% - przewidywana inflacja 7,60% 3,60% 2,50% 2,50% 2,50% - przewidywany przysz\u0142y wzrost    wynagrodze\u0144 8,00% 6,50% 4,00% 4,00% 4,00% * Na koniec roku 2021 ceny w\u0119gla b\u0119d\u0105ce  podstaw\u0105 kalkulacji deputat\u00f3w w\u0119glowych w poszczeg\u00f3lnych Oddzia\u0142ach Jednostki Dominuj\u0105cej by\u0142y w przedziale 887,95 PLN/t \u2013 983,60 PLN/t. w roku 2022 przyj\u0119to za\u0142o\u017cenie wzrostu cen w\u0119gla o 10%, , a w roku 2023 i w nast\u0119pnych latach stopa wzrostu cen w\u0119gla zosta\u0142a przyj\u0119ta na poziomie przewidywanej inflacji. Zmiana warto\u015bci zysk\u00f3w/strat aktuarialnych spowodowana jest zmian\u0105 za\u0142o\u017ce\u0144 w zakresie wzrostu stopy dyskonta oraz wzrost cen w\u0119gla i przewidywanych przysz\u0142ych wzrost\u00f3w  wynagrodze\u0144. Do  aktualizacji zobowi\u0105za\u0144  na koniec  bie\u017c\u0105cego  okresu przyj\u0119to  parametry  na  podstawie  dost\u0119pnych prognoz  inflacji, analizy wska\u017anik\u00f3w cen w\u0119gla i najni\u017cszego wynagrodzenia oraz przewidywanej rentowno\u015bci d\u0142ugoterminowych obligacji skarbowych. Podzia\u0142 zysk\u00f3w/strat aktuarialnych na dzie\u0144 31 grudnia 2022 r. w stosunku do za\u0142o\u017ce\u0144 przyj\u0119tych na 31 grudnia 2021 r. Zmiana za\u0142o\u017ce\u0144 finansowych ( 7) Zmiana za\u0142o\u017ce\u0144 demograficznych ( 40) Pozosta\u0142e zmiany  462 Razem (zyski)/straty aktuarialne  415 Podzia\u0142 zysk\u00f3w/strat aktuarialnych na dzie\u0144 31 grudnia 2021 r. w stosunku do za\u0142o\u017ce\u0144 przyj\u0119tych na 31 grudnia 2020 r. Zmiana za\u0142o\u017ce\u0144 finansowych ( 713) Zmiana za\u0142o\u017ce\u0144 demograficznych ( 111) Pozosta\u0142e zmiany  101 Razem (zyski)/straty aktuarialne   ( 723) Profil zapadalno\u015bci zobowi\u0105za\u0144 z tytu\u0142u przysz\u0142ych \u015bwiadcze\u0144 pracowniczych Rok zapadalno\u015bci: Og\u00f3\u0142em zobowi\u0105zania Nagrody jubileuszowe Odprawy emerytalno - rentowe Ekwiwalent w\u0119glowy Inne \u015bwiadczenia 2023  272 68 64 129 11 2024  251 54 63 129 5 2025  198 48 22 123 5 2026  189 44 26 114 5 2027  173 42 21 105 5 Pozosta\u0142e lata 1 810 282 234 1 236 58 Warto\u015b\u0107 zobowi\u0105za\u0144 w sprawozdaniu z sytuacji finansowej na dzie\u0144  31.12.2022 2 893 538 430 1 836 8  Profil zapadalno\u015bci zobowi\u0105za\u0144 z tytu\u0142u przysz\u0142ych \u015bwiadcze\u0144 pracowniczych Rok zapadalno\u015bci: Og\u00f3\u0142em zobowi\u0105zania Nagrody jubileuszowe Odprawy emerytalno - rentowe Ekwiwalent w\u0119glowy Inne \u015bwiadczenia 2022  161 57 39 55 10 2023  191 52 69 66 4 2024  129 41 20 64 4 2025  126 41 20 60 5 2026  125 39 24 57 5 Pozosta\u0142e lata 1 736 324 270 1 052 90 Warto\u015b\u0107 zobowi\u0105za\u0144 w sprawozdaniu z sytuacji finansowej na dzie\u0144  31.12.2021 2 468 554 442 1 354 118 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "Zasady rachunkowo\u015bci Grupa zobowi\u0105zana jest do wyp\u0142aty okre\u015blonych \u015bwiadcze\u0144 po okresie zatrudnienia (\u015bwiadcze\u0144 emerytalnych z tytu\u0142u jednorazowych  odpraw  emerytalno-rentowych,  odpraw  po\u015bmiertnych,  ekwiwalentu  w\u0119glowego)  oraz  innych d\u0142ugoterminowych \u015bwiadcze\u0144 (w postaci nagr\u00f3d jubileuszowych), zgodnie z Zak\u0142adowym Uk\u0142adem Zbiorowym Pracy. Wysoko\u015b\u0107 zobowi\u0105za\u0144 z tytu\u0142u obu rodzaj\u00f3w \u015bwiadcze\u0144 szacowana jest na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy przez niezale\u017cnego aktuariusza metod\u0105 prognozowanych uprawnie\u0144 jednostkowych.  Warto\u015b\u0107  bie\u017c\u0105c\u0105  zobowi\u0105zania  z  tytu\u0142u  okre\u015blonych  \u015bwiadcze\u0144  ustala  si\u0119  poprzez  zdyskontowanie  szacowanych przysz\u0142ych  wyp\u0142yw\u00f3w  pieni\u0119\u017cnych  przy  zastosowaniu  st\u00f3p  rentowno\u015bci  obligacji  skarbowych  wyra\u017conych  w walucie przysz\u0142ej wyp\u0142aty \u015bwiadcze\u0144, o terminach zapadalno\u015bci zbli\u017conych do termin\u00f3w regulowania odno\u015bnych zobowi\u0105za\u0144. Zyski  i  straty  aktuarialne  z  wyceny  okre\u015blonych  \u015bwiadcze\u0144  po  okresie  zatrudnienia  ujmuje  si\u0119  w  pozosta\u0142ych ca\u0142kowitych  dochodach  w  okresie  w  kt\u00f3rym  powsta\u0142y.  Zyski  i  straty  aktuarialne  z  wyceny  pozosta\u0142ych  \u015bwiadcze\u0144 (\u015bwiadczenia z tytu\u0142u nagr\u00f3d jubileuszowych) ujmowane s\u0105 w wyniku finansowym. Wa\u017cne oszacowania i za\u0142o\u017cenia Zobowi\u0105zanie  bilansowe  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  r\u00f3wne  jest  warto\u015bci  bie\u017c\u0105cej  zobowi\u0105zania  z  tytu\u0142u  okre\u015blonych  \u015bwiadcze\u0144.  Wysoko\u015b\u0107  zobowi\u0105zania  zale\u017cy  od  wielu  czynnik\u00f3w,  kt\u00f3re  s\u0105  wykorzystywane  jako za\u0142o\u017cenia w metodzie aktuarialnej. Wszelkie zmiany za\u0142o\u017ce\u0144 maj\u0105 wp\u0142yw na warto\u015b\u0107 bilansow\u0105 zobowi\u0105zania. Jednym  z  podstawowych  za\u0142o\u017ce\u0144  dla  ustalenia  wysoko\u015bci  zobowi\u0105zania  jest  stopa  dyskontowa.  Na  dzie\u0144  ko\u0144cz\u0105cy  okres sprawozdawczy  w  oparciu  o  opini\u0119  niezale\u017cnego  aktuariusza  przyjmuje  si\u0119  odpowiedni\u0105  stop\u0119  dyskonta  dla podmiot\u00f3w  Grupy  Kapita\u0142owej,  przy  u\u017cyciu  kt\u00f3rej  ustala  si\u0119  warto\u015b\u0107  bie\u017c\u0105c\u0105  szacowanych  przysz\u0142ych  wyp\u0142yw\u00f3w pieni\u0119\u017cnych  z  tytu\u0142u  tych  \u015bwiadcze\u0144. Przy  ustalaniu  stopy  dyskontowej  dla  okresu  sprawozdawczego  aktuariusz stosuje  dost\u0119pne  na  dat\u0119  bilansow\u0105  warto\u015bci  rentowno\u015bci  obligacji  Skarbu  Pa\u0144stwa  o  zapadalno\u015bci  zbli\u017conej do \u015bredniej zapadalno\u015bci wycenianych \u015bwiadcze\u0144. Pozosta\u0142e  za\u0142o\u017cenia  makroekonomiczne  wykorzystywane  dla  wyceny  zobowi\u0105za\u0144  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144 pracowniczych, takie jak stopa inflacji czy najni\u017csze wynagrodzenie, oparte s\u0105 na obecnych warunkach rynkowych.  Zgodnie  z  MSR  19  par.  78  za\u0142o\u017cenia  aktuarialne  przyj\u0119te  dla  cel\u00f3w  wyceny  \u015bwiadcze\u0144  pracowniczych  w  Grupie  s\u0105 sp\u00f3jne,  gdy\u017c  odzwierciedlaj\u0105  relacje  ekonomiczne  pomi\u0119dzy  takimi  czynnikami  jak  inflacja,  stopa  wzrostu wynagrodze\u0144,  stopa  dyskonta  oraz  stopa  wzrostu  cen  w\u0119gla.  Dodatkowa  analiza  za\u0142o\u017ce\u0144  przygotowana  przez Jednostk\u0119 Dominuj\u0105c\u0105 wykaza\u0142a, \u017ce saldo rezerw uzyskane przy przyj\u0119tych za\u0142o\u017ceniach wzrostu wynagrodze\u0144 i wzrostu ceny w\u0119gla mo\u017cna uzyska\u0107 przy alternatywnych \u015bcie\u017ckach wzrostu wynagrodze\u0144 na poziomie 6,0% oraz wzrostu ceny w\u0119gla na poziomie 6,25%. Bior\u0105c pod uwag\u0119 przyj\u0119t\u0105 stop\u0119 dyskonta finansowego na poziomie 6,75% nale\u017cy uzna\u0107, \u017ce przyj\u0119te do wyceny za\u0142o\u017cenia pozostaj\u0105 sp\u00f3jne zgodnie z MSR 19 par. 78. Za\u0142o\u017cenia przyj\u0119te do wyceny na 31 grudnia 2022 r. zosta\u0142y przedstawione w Nocie 11.2. Wra\u017cliwo\u015b\u0107  zobowi\u0105za\u0144  z  tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  na  zmiany  za\u0142o\u017ce\u0144  zosta\u0142a  ustalona  dla  salda zobowi\u0105za\u0144  Jednostki  Dominuj\u0105cej  (saldo  zobowi\u0105za\u0144  Jednostki  Dominuj\u0105cej  stanowi  w  bie\u017c\u0105cym  roku  91%, a w poprzednim 88% ca\u0142o\u015bci salda zobowi\u0105za\u0144 Grupy Kapita\u0142owej). W pozosta\u0142ych sp\u00f3\u0142kach Grupy Kapita\u0142owej, z uwagi na nieistotne salda zobowi\u0105za\u0144 z tego tytu\u0142u, wp\u0142yw zmian podstawowych parametr\u00f3w przyj\u0119tych do kalkulacji rezerw na  wysoko\u015b\u0107  salda  zobowi\u0105za\u0144  z tytu\u0142u  przysz\u0142ych  \u015bwiadcze\u0144  pracowniczych  w  skonsolidowanym  sprawozdaniu finansowym by\u0142by nieistotny. Wp\u0142yw zmian wska\u017anik\u00f3w na saldo zobowi\u0105za\u0144 (Jednostki Dominuj\u0105cej) Stan na 31.12.2022 Stan na 31.12.2021 wzrost stopy dyskonta o 1 p. p. (231) (242) obni\u017cenie stopy dyskonta o 1 p. p.  278 308 wzrost o 1 p. p. wska\u017anika wzrostu cen w\u0119gla i wska\u017anika wzrostu wynagrodze\u0144 299 228 obni\u017cenie o 1 p. p.  wska\u017anika wzrostu cen w\u0119gla i wska\u017anika wzrostu wynagrodze\u0144 (227) (177) ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-396": {
   "value": "Nota 12.1 Transakcje z podmiotami powi\u0105zanymi Zasady  rachunkowo\u015bci  oraz  wa\u017cne  oszacowania  i  za\u0142o\u017cenia  zaprezentowane  w  Cz\u0119\u015bci  2  i  10  maj\u0105  zastosowanie do transakcji przeprowadzanych z podmiotami powi\u0105zanymi. Transakcje Grupy z jednostkami powi\u0105zanymi obejmuj\u0105 transakcje z: \u2022  wsp\u00f3lnym przedsi\u0119wzi\u0119ciem Sierra Gorda S.C.M.,  \u2022  jednostkami, nad kt\u00f3rymi Skarb Pa\u0144stwa sprawuje kontrol\u0119, wsp\u00f3\u0142kontrol\u0119 lub wywiera na nie znacz\u0105cy wp\u0142yw,  \u2022  zarz\u0105dem oraz organem nadzoruj\u0105cym (wynagrodzenia) \u2013 Nota 12.9. Przychody operacyjne od jednostek powi\u0105zanych od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Przychody ze sprzeda\u017cy produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w  do wsp\u00f3lnego przedsi\u0119wzi\u0119cia 38 23 Przychody odsetkowe od po\u017cyczek udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu 582 494 Przychody z innych transakcji od wsp\u00f3lnego przedsi\u0119wzi\u0119cia 376 69 Przychody z innych transakcji od pozosta\u0142ych podmiot\u00f3w powi\u0105zanych 11 11 Razem 1 007 597 Zakup od jednostek powi\u0105zanych od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Zakup us\u0142ug, towar\u00f3w i materia\u0142\u00f3w   32 30 Inne transakcje zakupu   3 2 Razem  35 32 Nale\u017cno\u015bci od odbiorc\u00f3w oraz pozosta\u0142e nale\u017cno\u015bci od podmiot\u00f3w powi\u0105zanych Stan na 31.12.2022 Stan na 31.12.2021 Od wsp\u00f3lnego przedsi\u0119wzi\u0119cia  Sierra Gorda S.C.M. (po\u017cyczki) 9 603 8 314 Od wsp\u00f3lnego przedsi\u0119wzi\u0119cia  Sierra Gorda S.C.M. (pozosta\u0142e)  69 66 Od pozosta\u0142ych podmiot\u00f3w powi\u0105zanych  5 3 Razem 9 677 8 383 Zobowi\u0105zania wobec dostawc\u00f3w oraz pozosta\u0142e zobowi\u0105zania wobec podmiot\u00f3w powi\u0105zanych Stan na 31.12.2022 Stan na 31.12.2021 Wobec wsp\u00f3lnego przedsi\u0119wzi\u0119cia  58 58 Wobec pozosta\u0142ych podmiot\u00f3w powi\u0105zanych  2 1 Razem  60 59 Skarb  Pa\u0144stwa  stanowi  podmiot  kontroluj\u0105cy  KGHM  Polska  Mied\u017a  S.A.  na  najwy\u017cszym  szczeblu.  Sp\u00f3\u0142ka  korzysta  ze zwolnienia z ujawniania szczeg\u00f3\u0142owego zakresu informacji na temat transakcji z rz\u0105dem oraz jednostkami, nad kt\u00f3rymi ten rz\u0105d sprawuje kontrol\u0119 lub wsp\u00f3\u0142kontrol\u0119 lub ma na nie znacz\u0105cy wp\u0142yw (MSR 24.25). Zgodnie  z  zakresem  MSR  24.26  na  dzie\u0144  31  grudnia  2022  r.  i  w  okresie  od  1  stycznia  do  31  grudnia  2022  r.  Grupa Kapita\u0142owa  realizowa\u0142a  nast\u0119puj\u0105ce  transakcje  z rz\u0105dem  oraz  jednostkami,  nad  kt\u00f3rymi  ten  rz\u0105d  sprawuje  kontrol\u0119  lub wsp\u00f3\u0142kontrol\u0119 wyr\u00f3\u017cniaj\u0105ce si\u0119 ze wzgl\u0119du na istot\u0119 i kwot\u0119: \u2022 z  tytu\u0142u  umowy  o  ustanowienie  u\u017cytkowania  g\u00f3rniczego  w  celu  wydobycia  kopalin  oraz  poszukiwania  i  rozpoznania kopalin \u2013 saldo zobowi\u0105zania w wysoko\u015bci 229 mln PLN (na dzie\u0144 31 grudnia 2021 r. 228 mln PLN), w tym op\u0142aty z tytu\u0142u u\u017cytkowania g\u00f3rniczego w celu wydobycia kopalin rozpoznane w kosztach w wysoko\u015bci 31 mln PLN (na dzie\u0144 31 grudnia 2021 r. 30 mln PLN), \u2022 z  tytu\u0142u  umowy  o  \u015bwiadczenie  us\u0142ug  w  zakresie  faktoringu  d\u0142u\u017cnego  ze  sp\u00f3\u0142k\u0105  PEKAO  FAKTORING  SP. Z O.O.,  - zobowi\u0105zanie  w  wysoko\u015bci  18  mln  PLN,  koszty  z  tytu\u0142u  odsetek  w  wysoko\u015bci  3  mln  PLN  (na  dzie\u0144  31 grudnia  2021  r. zobowi\u0105zanie w wysoko\u015bci 68 mln PLN oraz koszty z tytu\u0142u odsetek od 1 stycznia do 31 grudnia 2021 r. w wysoko\u015bci 6 mln PLN),  pozosta\u0142e transakcje i operacje gospodarcze dotycz\u0105ce wymiany walut spot, lokowania \u015brodk\u00f3w pieni\u0119\u017cnych, udzielania kredyt\u00f3w,  gwarancji oraz  akredytyw  (w  tym  akredytyw  dokumentowych), prowadzenia  rachunk\u00f3w  bankowych,  obs\u0142ugi inkasa  dokumentowego,  obs\u0142ugi  funduszy  celowych  oraz  zawierania  transakcji  na  walutowym  rynku  terminowym z bankami powi\u0105zanymi ze Skarbem Pa\u0144stwa, \u2022 z tytu\u0142u zbycia na rzecz Polskiego Holdingu Hotelowego sp. z o.o. wszystkich posiadanych udzia\u0142\u00f3w sp\u00f3\u0142ki INTERFERIE S.A. i Interferie Medical SPA sp. z o.o. przychody w kwocie 167 mln PLN, szczeg\u00f3\u0142y zaprezentowano w Nocie 9.8.2. Sp\u00f3\u0142ki Skarbu Pa\u0144stwa mog\u0105 nabywa\u0107 obligacje emitowane przez KGHM Polska Mied\u017a S.A. Pozosta\u0142e transakcje zawarte przez Grup\u0119 Kapita\u0142ow\u0105 z rz\u0105dem oraz jednostkami, nad kt\u00f3rymi ten rz\u0105d sprawuje kontrol\u0119 lub wsp\u00f3\u0142kontrol\u0119 lub  ma na nie  znacz\u0105cy  wp\u0142yw, wchodzi\u0142y w zakres  normalnych,  codziennych  operacji gospodarczych. Transakcje te dotyczy\u0142y: \u2022  zakupu  produkt\u00f3w  (energii,  paliw,  us\u0142ug)  na  potrzeby  bie\u017c\u0105cej  dzia\u0142alno\u015bci  operacyjnej.  Obroty  z  tytu\u0142u  tych transakcji w okresie od 1 stycznia do 31 grudnia 2022 r. wynios\u0142y 2 914 mln PLN (od 1 stycznia do 31 grudnia 2021 r. 1 663 mln PLN), nierozliczone salda zobowi\u0105za\u0144 z tytu\u0142u tych transakcji na dzie\u0144 31 grudnia 2022 r. wynios\u0142y 340 mln PLN (na dzie\u0144 31 grudnia 2021 r. 224 mln PLN), \u2022  sprzeda\u017cy  do  Sp\u00f3\u0142ek  Skarbu  Pa\u0144stwa.  Obroty  z  tej  sprzeda\u017cy  w  okresie  od  1  stycznia  do  31  grudnia  2022  r. wynios\u0142y 430 mln PLN (od 1 stycznia do 31 grudnia 2021 r. 146 mln PLN), nierozliczone salda nale\u017cno\u015bci z tytu\u0142u tych transakcji na dzie\u0144 31 grudnia 2022 r. wynios\u0142y 241 mln PLN (na dzie\u0144 31 grudnia 2021 r. 24 mln PLN). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-397": {
   "value": "Nota 12.2 Dywidendy wyp\u0142acone Zgodnie z Uchwa\u0142\u0105 Nr 6/2022 Zwyczajnego Walnego Zgromadzenia KGHM Polska Mied\u017a S.A. z dnia 21 czerwca 2022 r. w sprawie podzia\u0142u zysku za rok zako\u0144czony 31 grudnia 2021 r., w kwocie 5 169 mln PLN, wypracowany zysk podzielono w nast\u0119puj\u0105cy spos\u00f3b: na dywidend\u0119 dla akcjonariuszy w kwocie 600 mln PLN (3,00 PLN/akcj\u0119) oraz przekazanie kwoty 4 569  mln  PLN  na  kapita\u0142  zapasowy  Sp\u00f3\u0142ki.  Zwyczajne  Walne  Zgromadzenie  KGHM  Polska  Mied\u017a  S.A.  ustali\u0142o  dzie\u0144 dywidendy za rok 2021 na dzie\u0144 7 lipca 2022 r., termin wyp\u0142aty dywidendy za rok 2021 na dzie\u0144 14 lipca 2022 r. Zgodnie  z Uchwa\u0142\u0105  Nr  7/2021  Zwyczajnego Walnego  Zgromadzenia KGHM  Polska Mied\u017a  S.A.  z dnia  7  czerwca  2021  r. w sprawie podzia\u0142u zysku za rok zako\u0144czony 31 grudnia 2020 r., w kwocie 1 779 mln PLN, wypracowany zysk podzielono w nast\u0119puj\u0105cy spos\u00f3b: na dywidend\u0119 dla akcjonariuszy w kwocie 300 mln PLN (1,50 PLN/akcj\u0119) oraz przekazanie kwoty 1 479  mln  PLN  na  kapita\u0142  zapasowy  Sp\u00f3\u0142ki.  Zwyczajne  Walne  Zgromadzenie  KGHM  Polska  Mied\u017a  S.A.  ustali\u0142o  dzie\u0144 dywidendy za rok 2020 na dzie\u0144 21 czerwca 2021 r., termin wyp\u0142aty dywidendy za rok 2020 na dzie\u0144 29 czerwca 2021 r. Wszystkie akcje Jednostki Dominuj\u0105cej s\u0105 akcjami zwyk\u0142ymi. Na dzie\u0144 publikacji nie zosta\u0142a podj\u0119ta decyzja o wyp\u0142acie dywidendy i podziale zysku za rok 2022.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-424": {
   "value": "3",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:PLN/xbrli:shares"
   }
  },
  "fact-425": {
   "value": "1.5",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:PLN/xbrli:shares"
   }
  },
  "fact-398": {
   "value": "Nota 12.3 Pozosta\u0142e aktywa Zasady rachunkowo\u015bci Nale\u017cno\u015bci niestanowi\u0105ce aktyw\u00f3w finansowych ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci nominalnej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty.  Stan na 31.12.2022 Stan na 31.12.2021 Pozosta\u0142e aktywa niefinansowe d\u0142ugoterminowe   220 161 Nieruchomo\u015bci inwestycyjne   106 105 Rozliczenia mi\u0119dzyokresowe czynne  14 5 Zaliczki niefinansowe  30 23 Nale\u017cno\u015bci z tytu\u0142u nadp\u0142aty podatku od nieruchomo\u015bci  69 25 Pozosta\u0142e  1 3 Pozosta\u0142e aktywa kr\u00f3tkoterminowe, z tego:    623 337 Nota 7.1 Finansowe  337 172        Kwoty zatrzymane (kaucje) z tytu\u0142u um\u00f3w d\u0142ugoterminowych         o budow\u0119   13 10 Nale\u017cno\u015bci z tytu\u0142u udzielonych gwarancji  29 20 Nale\u017cno\u015bci z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  37 10 Nale\u017cno\u015bci dotycz\u0105ce rekompensaty dla sektor\u00f3w         energoch\u0142onnych z tytu\u0142u przenoszenia koszt\u00f3w zakupu         uprawnie\u0144 do emisji CO 2 na ceny energii elektrycznej  98 41 Nale\u017cno\u015bci z tytu\u0142u rozliczenia kontraktu na dostaw\u0119          metali do Franco Nevada  113 34 Pozosta\u0142e   47 57 Niefinansowe  286 165 Zaliczki niefinansowe  108 46 Nale\u017cno\u015bci z tytu\u0142u wyceny kontrakt\u00f3w d\u0142ugoterminowych  99 62 Nale\u017cno\u015bci z tytu\u0142u ubezpiecze\u0144 maj\u0105tkowych i osobowych  26 15 Pozosta\u0142e  53 42 Razem d\u0142ugoterminowe i kr\u00f3tkoterminowe, z tego:  843 498   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - 3   wykazane jako \u201epozosta\u0142e aktywa finansowe\" i \u201epozosta\u0142e     aktywa niefinansowe\"  835 495 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "Nota 12.3 Pozosta\u0142e aktywa Zasady rachunkowo\u015bci Nale\u017cno\u015bci niestanowi\u0105ce aktyw\u00f3w finansowych ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci nominalnej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty.  Stan na 31.12.2022 Stan na 31.12.2021 Pozosta\u0142e aktywa niefinansowe d\u0142ugoterminowe   220 161 Nieruchomo\u015bci inwestycyjne   106 105 Rozliczenia mi\u0119dzyokresowe czynne  14 5 Zaliczki niefinansowe  30 23 Nale\u017cno\u015bci z tytu\u0142u nadp\u0142aty podatku od nieruchomo\u015bci  69 25 Pozosta\u0142e  1 3 Pozosta\u0142e aktywa kr\u00f3tkoterminowe, z tego:    623 337 Nota 7.1 Finansowe  337 172        Kwoty zatrzymane (kaucje) z tytu\u0142u um\u00f3w d\u0142ugoterminowych         o budow\u0119   13 10 Nale\u017cno\u015bci z tytu\u0142u udzielonych gwarancji  29 20 Nale\u017cno\u015bci z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  37 10 Nale\u017cno\u015bci dotycz\u0105ce rekompensaty dla sektor\u00f3w         energoch\u0142onnych z tytu\u0142u przenoszenia koszt\u00f3w zakupu         uprawnie\u0144 do emisji CO 2 na ceny energii elektrycznej  98 41 Nale\u017cno\u015bci z tytu\u0142u rozliczenia kontraktu na dostaw\u0119          metali do Franco Nevada  113 34 Pozosta\u0142e   47 57 Niefinansowe  286 165 Zaliczki niefinansowe  108 46 Nale\u017cno\u015bci z tytu\u0142u wyceny kontrakt\u00f3w d\u0142ugoterminowych  99 62 Nale\u017cno\u015bci z tytu\u0142u ubezpiecze\u0144 maj\u0105tkowych i osobowych  26 15 Pozosta\u0142e  53 42 Razem d\u0142ugoterminowe i kr\u00f3tkoterminowe, z tego:  843 498   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - 3   wykazane jako \u201epozosta\u0142e aktywa finansowe\" i \u201epozosta\u0142e     aktywa niefinansowe\"  835 495 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "Nota 12.3 Pozosta\u0142e aktywa Zasady rachunkowo\u015bci Nale\u017cno\u015bci niestanowi\u0105ce aktyw\u00f3w finansowych ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci nominalnej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty.  Stan na 31.12.2022 Stan na 31.12.2021 Pozosta\u0142e aktywa niefinansowe d\u0142ugoterminowe   220 161 Nieruchomo\u015bci inwestycyjne   106 105 Rozliczenia mi\u0119dzyokresowe czynne  14 5 Zaliczki niefinansowe  30 23 Nale\u017cno\u015bci z tytu\u0142u nadp\u0142aty podatku od nieruchomo\u015bci  69 25 Pozosta\u0142e  1 3 Pozosta\u0142e aktywa kr\u00f3tkoterminowe, z tego:    623 337 Nota 7.1 Finansowe  337 172        Kwoty zatrzymane (kaucje) z tytu\u0142u um\u00f3w d\u0142ugoterminowych         o budow\u0119   13 10 Nale\u017cno\u015bci z tytu\u0142u udzielonych gwarancji  29 20 Nale\u017cno\u015bci z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  37 10 Nale\u017cno\u015bci dotycz\u0105ce rekompensaty dla sektor\u00f3w         energoch\u0142onnych z tytu\u0142u przenoszenia koszt\u00f3w zakupu         uprawnie\u0144 do emisji CO 2 na ceny energii elektrycznej  98 41 Nale\u017cno\u015bci z tytu\u0142u rozliczenia kontraktu na dostaw\u0119          metali do Franco Nevada  113 34 Pozosta\u0142e   47 57 Niefinansowe  286 165 Zaliczki niefinansowe  108 46 Nale\u017cno\u015bci z tytu\u0142u wyceny kontrakt\u00f3w d\u0142ugoterminowych  99 62 Nale\u017cno\u015bci z tytu\u0142u ubezpiecze\u0144 maj\u0105tkowych i osobowych  26 15 Pozosta\u0142e  53 42 Razem d\u0142ugoterminowe i kr\u00f3tkoterminowe, z tego:  843 498   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - 3   wykazane jako \u201epozosta\u0142e aktywa finansowe\" i \u201epozosta\u0142e     aktywa niefinansowe\"  835 495 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "Nota 12.3 Pozosta\u0142e aktywa Zasady rachunkowo\u015bci Nale\u017cno\u015bci niestanowi\u0105ce aktyw\u00f3w finansowych ujmuje si\u0119 pocz\u0105tkowo w warto\u015bci nominalnej i wycenia na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w kwocie wymaganej zap\u0142aty.  Stan na 31.12.2022 Stan na 31.12.2021 Pozosta\u0142e aktywa niefinansowe d\u0142ugoterminowe   220 161 Nieruchomo\u015bci inwestycyjne   106 105 Rozliczenia mi\u0119dzyokresowe czynne  14 5 Zaliczki niefinansowe  30 23 Nale\u017cno\u015bci z tytu\u0142u nadp\u0142aty podatku od nieruchomo\u015bci  69 25 Pozosta\u0142e  1 3 Pozosta\u0142e aktywa kr\u00f3tkoterminowe, z tego:    623 337 Nota 7.1 Finansowe  337 172        Kwoty zatrzymane (kaucje) z tytu\u0142u um\u00f3w d\u0142ugoterminowych         o budow\u0119   13 10 Nale\u017cno\u015bci z tytu\u0142u udzielonych gwarancji  29 20 Nale\u017cno\u015bci z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  37 10 Nale\u017cno\u015bci dotycz\u0105ce rekompensaty dla sektor\u00f3w         energoch\u0142onnych z tytu\u0142u przenoszenia koszt\u00f3w zakupu         uprawnie\u0144 do emisji CO 2 na ceny energii elektrycznej  98 41 Nale\u017cno\u015bci z tytu\u0142u rozliczenia kontraktu na dostaw\u0119          metali do Franco Nevada  113 34 Pozosta\u0142e   47 57 Niefinansowe  286 165 Zaliczki niefinansowe  108 46 Nale\u017cno\u015bci z tytu\u0142u wyceny kontrakt\u00f3w d\u0142ugoterminowych  99 62 Nale\u017cno\u015bci z tytu\u0142u ubezpiecze\u0144 maj\u0105tkowych i osobowych  26 15 Pozosta\u0142e  53 42 Razem d\u0142ugoterminowe i kr\u00f3tkoterminowe, z tego:  843 498   wykazane w ramach aktyw\u00f3w przeznaczonych do sprzeda\u017cy     (grupa zbycia) - 3   wykazane jako \u201epozosta\u0142e aktywa finansowe\" i \u201epozosta\u0142e     aktywa niefinansowe\"  835 495 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "Nota 12.4 Pozosta\u0142e zobowi\u0105zania Zasady rachunkowo\u015bci Pozosta\u0142e  zobowi\u0105zania finansowe  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej o  koszty  transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Stan na 31.12.2022    Stan na 31.12.2021 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  238 355     Zobowi\u0105zania z tytu\u0142u umowy na dostaw\u0119 metali do Franco      Nevada  137 210 Zobowi\u0105zania wobec dostawc\u00f3w  186 187 Inne zobowi\u0105zania   119 78 Pozosta\u0142e zobowi\u0105zania - d\u0142ugoterminowe, z tego:  543 620   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 3   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\"  543 617 Fundusze specjalne* - 412 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  134 147    Zobowi\u0105zania z tytu\u0142u um\u00f3w z klientami  87 106    Otrzymane nieodp\u0142atnie aktywa trwa\u0142e  2 5 Rozliczenia mi\u0119dzyokresowe bierne koszt\u00f3w, w tym:  976 830      Rezerwa na zakup praw maj\u0105tkowych dotycz\u0105cych        zu\u017cytej energii elektrycznej   83 98      Op\u0142aty za wprowadzanie gaz\u00f3w i py\u0142\u00f3w do powietrza  391 260      Inne zarachowane koszty wsp\u00f3\u0142mierne do osi\u0105gni\u0119tych        przychod\u00f3w, stanowi\u0105ce przysz\u0142e zobowi\u0105zania oszacowane        na podstawie zawartych um\u00f3w  220 196 Zobowi\u0105zania z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  34 159 Inne zobowi\u0105zania finansowe  123 99 Inne zobowi\u0105zania niefinansowe  62 43 Pozosta\u0142e zobowi\u0105zania - kr\u00f3tkoterminowe, z tego: 1 329 1 690   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 29   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\" 1 329 1 661 Razem  d\u0142ugoterminowe i kr\u00f3tkoterminowe 1 872 2 310 *  Zmiana  prezentacji  na  prezentacj\u0119  \u0142\u0105cznie  z  d\u0142ugoterminow\u0105  cz\u0119\u015bci\u0105  Rezerwy  na  koszty  likwidacji  kopal\u0144  i  innych  obiekt\u00f3w, wynika\u0142a ze zmiany os\u0105du w zakresie okresu oczekiwanych wyp\u0142yw\u00f3w \u015brodk\u00f3w pieni\u0119\u017cnych z funduszu, ujawnienie w Nocie 9.4.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "Nota 12.4 Pozosta\u0142e zobowi\u0105zania Zasady rachunkowo\u015bci Pozosta\u0142e  zobowi\u0105zania finansowe  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej o  koszty  transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Stan na 31.12.2022    Stan na 31.12.2021 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  238 355     Zobowi\u0105zania z tytu\u0142u umowy na dostaw\u0119 metali do Franco      Nevada  137 210 Zobowi\u0105zania wobec dostawc\u00f3w  186 187 Inne zobowi\u0105zania   119 78 Pozosta\u0142e zobowi\u0105zania - d\u0142ugoterminowe, z tego:  543 620   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 3   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\"  543 617 Fundusze specjalne* - 412 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  134 147    Zobowi\u0105zania z tytu\u0142u um\u00f3w z klientami  87 106    Otrzymane nieodp\u0142atnie aktywa trwa\u0142e  2 5 Rozliczenia mi\u0119dzyokresowe bierne koszt\u00f3w, w tym:  976 830      Rezerwa na zakup praw maj\u0105tkowych dotycz\u0105cych        zu\u017cytej energii elektrycznej   83 98      Op\u0142aty za wprowadzanie gaz\u00f3w i py\u0142\u00f3w do powietrza  391 260      Inne zarachowane koszty wsp\u00f3\u0142mierne do osi\u0105gni\u0119tych        przychod\u00f3w, stanowi\u0105ce przysz\u0142e zobowi\u0105zania oszacowane        na podstawie zawartych um\u00f3w  220 196 Zobowi\u0105zania z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  34 159 Inne zobowi\u0105zania finansowe  123 99 Inne zobowi\u0105zania niefinansowe  62 43 Pozosta\u0142e zobowi\u0105zania - kr\u00f3tkoterminowe, z tego: 1 329 1 690   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 29   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\" 1 329 1 661 Razem  d\u0142ugoterminowe i kr\u00f3tkoterminowe 1 872 2 310 *  Zmiana  prezentacji  na  prezentacj\u0119  \u0142\u0105cznie  z  d\u0142ugoterminow\u0105  cz\u0119\u015bci\u0105  Rezerwy  na  koszty  likwidacji  kopal\u0144  i  innych  obiekt\u00f3w, wynika\u0142a ze zmiany os\u0105du w zakresie okresu oczekiwanych wyp\u0142yw\u00f3w \u015brodk\u00f3w pieni\u0119\u017cnych z funduszu, ujawnienie w Nocie 9.4. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "Nota 12.4 Pozosta\u0142e zobowi\u0105zania Zasady rachunkowo\u015bci Pozosta\u0142e  zobowi\u0105zania finansowe  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej o  koszty  transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Stan na 31.12.2022    Stan na 31.12.2021 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  238 355     Zobowi\u0105zania z tytu\u0142u umowy na dostaw\u0119 metali do Franco      Nevada  137 210 Zobowi\u0105zania wobec dostawc\u00f3w  186 187 Inne zobowi\u0105zania   119 78 Pozosta\u0142e zobowi\u0105zania - d\u0142ugoterminowe, z tego:  543 620   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 3   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\"  543 617 Fundusze specjalne* - 412 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  134 147    Zobowi\u0105zania z tytu\u0142u um\u00f3w z klientami  87 106    Otrzymane nieodp\u0142atnie aktywa trwa\u0142e  2 5 Rozliczenia mi\u0119dzyokresowe bierne koszt\u00f3w, w tym:  976 830      Rezerwa na zakup praw maj\u0105tkowych dotycz\u0105cych        zu\u017cytej energii elektrycznej   83 98      Op\u0142aty za wprowadzanie gaz\u00f3w i py\u0142\u00f3w do powietrza  391 260      Inne zarachowane koszty wsp\u00f3\u0142mierne do osi\u0105gni\u0119tych        przychod\u00f3w, stanowi\u0105ce przysz\u0142e zobowi\u0105zania oszacowane        na podstawie zawartych um\u00f3w  220 196 Zobowi\u0105zania z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  34 159 Inne zobowi\u0105zania finansowe  123 99 Inne zobowi\u0105zania niefinansowe  62 43 Pozosta\u0142e zobowi\u0105zania - kr\u00f3tkoterminowe, z tego: 1 329 1 690   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 29   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\" 1 329 1 661 Razem  d\u0142ugoterminowe i kr\u00f3tkoterminowe 1 872 2 310 *  Zmiana  prezentacji  na  prezentacj\u0119  \u0142\u0105cznie  z  d\u0142ugoterminow\u0105  cz\u0119\u015bci\u0105  Rezerwy  na  koszty  likwidacji  kopal\u0144  i  innych  obiekt\u00f3w, wynika\u0142a ze zmiany os\u0105du w zakresie okresu oczekiwanych wyp\u0142yw\u00f3w \u015brodk\u00f3w pieni\u0119\u017cnych z funduszu, ujawnienie w Nocie 9.4. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "Nota 12.4 Pozosta\u0142e zobowi\u0105zania Zasady rachunkowo\u015bci Pozosta\u0142e  zobowi\u0105zania finansowe  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej o  koszty  transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Stan na 31.12.2022    Stan na 31.12.2021 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  238 355     Zobowi\u0105zania z tytu\u0142u umowy na dostaw\u0119 metali do Franco      Nevada  137 210 Zobowi\u0105zania wobec dostawc\u00f3w  186 187 Inne zobowi\u0105zania   119 78 Pozosta\u0142e zobowi\u0105zania - d\u0142ugoterminowe, z tego:  543 620   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 3   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\"  543 617 Fundusze specjalne* - 412 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  134 147    Zobowi\u0105zania z tytu\u0142u um\u00f3w z klientami  87 106    Otrzymane nieodp\u0142atnie aktywa trwa\u0142e  2 5 Rozliczenia mi\u0119dzyokresowe bierne koszt\u00f3w, w tym:  976 830      Rezerwa na zakup praw maj\u0105tkowych dotycz\u0105cych        zu\u017cytej energii elektrycznej   83 98      Op\u0142aty za wprowadzanie gaz\u00f3w i py\u0142\u00f3w do powietrza  391 260      Inne zarachowane koszty wsp\u00f3\u0142mierne do osi\u0105gni\u0119tych        przychod\u00f3w, stanowi\u0105ce przysz\u0142e zobowi\u0105zania oszacowane        na podstawie zawartych um\u00f3w  220 196 Zobowi\u0105zania z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  34 159 Inne zobowi\u0105zania finansowe  123 99 Inne zobowi\u0105zania niefinansowe  62 43 Pozosta\u0142e zobowi\u0105zania - kr\u00f3tkoterminowe, z tego: 1 329 1 690   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 29   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\" 1 329 1 661 Razem  d\u0142ugoterminowe i kr\u00f3tkoterminowe 1 872 2 310 *  Zmiana  prezentacji  na  prezentacj\u0119  \u0142\u0105cznie  z  d\u0142ugoterminow\u0105  cz\u0119\u015bci\u0105  Rezerwy  na  koszty  likwidacji  kopal\u0144  i  innych  obiekt\u00f3w, wynika\u0142a ze zmiany os\u0105du w zakresie okresu oczekiwanych wyp\u0142yw\u00f3w \u015brodk\u00f3w pieni\u0119\u017cnych z funduszu, ujawnienie w Nocie 9.4. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-399": {
   "value": "Nota 12.4 Pozosta\u0142e zobowi\u0105zania Zasady rachunkowo\u015bci Pozosta\u0142e  zobowi\u0105zania finansowe  ujmuje  si\u0119  pocz\u0105tkowo  w  warto\u015bci  godziwej  pomniejszonej o  koszty  transakcyjne i wycenia si\u0119 na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy w warto\u015bci zamortyzowanego kosztu. Stan na 31.12.2022    Stan na 31.12.2021 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  238 355     Zobowi\u0105zania z tytu\u0142u umowy na dostaw\u0119 metali do Franco      Nevada  137 210 Zobowi\u0105zania wobec dostawc\u00f3w  186 187 Inne zobowi\u0105zania   119 78 Pozosta\u0142e zobowi\u0105zania - d\u0142ugoterminowe, z tego:  543 620   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 3   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\"  543 617 Fundusze specjalne* - 412 Rozliczenia mi\u0119dzyokresowe przychod\u00f3w, w tym:  134 147    Zobowi\u0105zania z tytu\u0142u um\u00f3w z klientami  87 106    Otrzymane nieodp\u0142atnie aktywa trwa\u0142e  2 5 Rozliczenia mi\u0119dzyokresowe bierne koszt\u00f3w, w tym:  976 830      Rezerwa na zakup praw maj\u0105tkowych dotycz\u0105cych        zu\u017cytej energii elektrycznej   83 98      Op\u0142aty za wprowadzanie gaz\u00f3w i py\u0142\u00f3w do powietrza  391 260      Inne zarachowane koszty wsp\u00f3\u0142mierne do osi\u0105gni\u0119tych        przychod\u00f3w, stanowi\u0105ce przysz\u0142e zobowi\u0105zania oszacowane        na podstawie zawartych um\u00f3w  220 196 Zobowi\u0105zania z tytu\u0142u rozliczonych instrument\u00f3w pochodnych  34 159 Inne zobowi\u0105zania finansowe  123 99 Inne zobowi\u0105zania niefinansowe  62 43 Pozosta\u0142e zobowi\u0105zania - kr\u00f3tkoterminowe, z tego: 1 329 1 690   wykazane w ramach zobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia - 29   wykazane jako \u201epozosta\u0142e zobowi\u0105zania\" 1 329 1 661 Razem  d\u0142ugoterminowe i kr\u00f3tkoterminowe 1 872 2 310 *  Zmiana  prezentacji  na  prezentacj\u0119  \u0142\u0105cznie  z  d\u0142ugoterminow\u0105  cz\u0119\u015bci\u0105  Rezerwy  na  koszty  likwidacji  kopal\u0144  i  innych  obiekt\u00f3w, wynika\u0142a ze zmiany os\u0105du w zakresie okresu oczekiwanych wyp\u0142yw\u00f3w \u015brodk\u00f3w pieni\u0119\u017cnych z funduszu, ujawnienie w Nocie 9.4. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-400": {
   "value": "Nota 12.6 Umowne zobowi\u0105zania inwestycyjne zwi\u0105zane z aktywami rzeczowymi i niematerialnymi Umowne  zobowi\u0105zania  inwestycyjne  zaci\u0105gni\u0119te  w  okresie  sprawozdawczym,  ale  nieuj\u0119te  jeszcze  w skonsolidowanym sprawozdaniu z sytuacji finansowej, mia\u0142y nast\u0119puj\u0105c\u0105 warto\u015b\u0107: Stan na 31.12.2022 Stan na 31.12.2021 Umowne zobowi\u0105zania z tytu\u0142u nabycia:      rzeczowych aktyw\u00f3w trwa\u0142ych 1 390 1 056     warto\u015bci niematerialnych  18 26 Umowne zobowi\u0105zania inwestycyjne razem 1 408 1 082 Udzia\u0142  Grupy  Kapita\u0142owej  w  umownych  zobowi\u0105zaniach  inwestycyjnych  wsp\u00f3lnych  przedsi\u0119wzi\u0119\u0107  wycenianych  metod\u0105 praw w\u0142asno\u015bci (Sierra Gorda S.C.M.) zosta\u0142 przedstawiony w Nocie 6.1. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentContractsLiabilitiesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-401": {
   "value": "Nota 12.7 Struktura zatrudnienia od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Pracownicy na stanowiskach nierobotniczych 10 650 10 618 Pracownicy na stanowiskach robotniczych  23 004 22 884 Razem (w przeliczeniu na pe\u0142ne etaty)  33 654 33 502 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-402": {
   "value": "Nota 12.9 Wynagrodzenie cz\u0142onk\u00f3w kluczowego personelu kierowniczego  od 01.01.2022 do 31.12.2022 Wynagrodzenie cz\u0142onk\u00f3w Zarz\u0105du  (w tys. PLN) Okres pe\u0142nienia funkcji Wynagrodzenia w okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du Wynagrodzenia po okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du \u015awiadczenia z tytu\u0142u rozwi\u0105zania stosunku pracy \u0141\u0105czne dochody Cz\u0142onkowie Zarz\u0105du pe\u0142ni\u0105cy funkcj\u0119 na 31 grudnia 2022 Tomasz Zdzikot  01.09-31.12  373 - - 373 Miros\u0142aw Kido\u0144  10.12-31.12  64 - - 64 Marek Pietrzak  01.01-31.12 1 079 - - 1 079 Marek \u015awider  15.03-31.12  836 - - 836 Mateusz Wodejko  21.12-31.12  32 - - 32 Cz\u0142onkowie Zarz\u0105du niepe\u0142ni\u0105cy funkcji  na 31 grudnia 2022 Marcin Chludzi\u0144ski 01.01-11.10   1 939 - 435 2 374 Adam Bugajczuk  01.01-31.08   1 667 - - 1 667 Pawe\u0142 Gruza  01.01-09.08   1 604 - 163 1 767 Andrzej Kensbok  01.01-06.12   1 679 - 298 1 977 Katarzyna Kreczma\u0144ska - Gigol -   - 277 - 277 Jerzy Paluchniak  01.09-11.10    120 - - 120 Rados\u0142aw Stach  -   - 277 - 277 Dariusz \u015awiderski  01.01-21.02    148 600 14 762 RAZEM      9 541 1 154 910 11 605 od 01.01.2021 do 31.12.2021 Wynagrodzenie cz\u0142onk\u00f3w Zarz\u0105du  (w tys. PLN) Okres pe\u0142nienia funkcji Wynagrodzenia w okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du Wynagrodzenia po okresie pe\u0142nienia funkcji cz\u0142onka Zarz\u0105du \u015awiadczenia z tytu\u0142u rozwi\u0105zania stosunku pracy \u0141\u0105czne dochody Cz\u0142onkowie Zarz\u0105du pe\u0142ni\u0105cy funkcj\u0119 na 31 grudnia 2021 Marcin Chludzi\u0144ski  01.01-31.12   2 220 - - 2 220 Adam Bugajczuk  01.01-31.12   1 886 - - 1 886 Pawe\u0142 Gruza  01.01-31.12   1 881 - - 1 881 Andrzej Kensbok  16.04-31.12    698 - - 698 Marek Pietrzak  26.10-31.12    177 - - 177 Dariusz \u015awiderski  15.05-31.12    603 - - 603 Cz\u0142onkowie Zarz\u0105du niepe\u0142ni\u0105cy funkcji  na 31 grudnia 2021 Katarzyna Kreczma\u0144ska - Gigol 01.01-15.04   1 193 - 475 1 668 Rados\u0142aw Stach  01.01-15.04   1 189 - 41 1 230 RAZEM      9 847 - 516 10 363 od 01.01.2022 do 31.12.2022 Wynagrodzenie cz\u0142onk\u00f3w Rady Nadzorczej (w tys. PLN) Okres pe\u0142nienia funkcji Kr\u00f3tkoterminowe \u015bwiadczenia pracownicze Kr\u00f3tkoterminowe \u015bwiadczenia z tytu\u0142u pe\u0142nienia funkcji \u0141\u0105czne dochody Cz\u0142onkowie Rady Nadzorczej pe\u0142ni\u0105cy  funkcj\u0119 na 31 grudnia 2022 Agnieszka Winnik -Kalemba  01.01-31.12 - 164 164 Katarzyna Krupa  01.01-31.12 - 149 149 Wojciech Zarzycki  22.06-31.12 - 78 78 J\u00f3zef Czyczerski  01.01-31.12  203 150 353 Przemys\u0142aw Darowski  01.01-31.12  109 149 258 Andrzej Kisielewicz  01.01-31.12 - 149 149 Bogus\u0142aw Szarek  01.01-31.12  372 149 521 Marek Wojtk\u00f3w  07.10-31.12 - 35 35 Rados\u0142aw Zimroz  07.10-31.12 - 35 35 Piotr Ziubroniewicz  24.11-31.12 - 15 15 Cz\u0142onkowie Rady Nadzorczej niepe\u0142ni\u0105cy funkcji na 31 grudnia 2022 Piotr Dytko  22.06-07.10 - 44 44 Jaros\u0142aw Janas  01.01-21.06 - 71 71 Robert Kaleta  01.01-07.10 - 115 115 Bartosz Piechota  01.01-21.06 - 71 71 RAZEM     684 1 374 2 058 od 01.01.2021 do 31.12.2021 Wynagrodzenie cz\u0142onk\u00f3w Rady Nadzorczej (w tys. PLN) Okres pe\u0142nienia funkcji Kr\u00f3tkoterminowe \u015bwiadczenia pracownicze Kr\u00f3tkoterminowe \u015bwiadczenia z tytu\u0142u pe\u0142nienia funkcji \u0141\u0105czne dochody Cz\u0142onkowie Rady Nadzorczej pe\u0142ni\u0105cy  funkcj\u0119 na 31 grudnia 2021 Agnieszka Winnik -Kalemba  01.01-31.12   - 142 142 Katarzyna Krupa  06.07-31.12   - 66 66 Jaros\u0142aw Janas  01.01-31.12   - 136 136 J\u00f3zef Czyczerski  01.01-31.12    186 136 322 Przemys\u0142aw Darowski  01.01-31.12    104 136 240 Robert Kaleta  06.07-31.12   - 66 66 Andrzej Kisielewicz  01.01-31.12   - 144 144 Bartosz Piechota  01.01-31.12   - 136 136 Bogus\u0142aw Szarek  01.01-31.12  265 136 401 Cz\u0142onkowie Rady Nadzorczej niepe\u0142ni\u0105cy funkcji na 31 grudnia 2021 Katarzyna Lewandowska  01.01-20.04   - 42 42 Marek Pietrzak  01.01-25.10   - 111 111 RAZEM       555 1 251 1 806 od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Kr\u00f3tkoterminowe \u015bwiadczenia pracownicze cz\u0142onk\u00f3w pozosta\u0142ego kluczowego personelu kierowniczego  (w tys. PLN) 3 496 3 934 Na  podstawie  definicji  kluczowego  personelu  kierowniczego  zgodnie  z  MSR  24  oraz  analizy  uprawnie\u0144  i  zakresu odpowiedzialno\u015bci  cz\u0142onk\u00f3w  organ\u00f3w  zarz\u0105dczych  Grupy  Kapita\u0142owej  KGHM  Polska  Mied\u017a  S.A.  wynikaj\u0105cych z dokument\u00f3w korporacyjnych oraz um\u00f3w o zarz\u0105dzanie, za pozosta\u0142y kluczowy personel kierowniczy Grupy Kapita\u0142owej uznano cz\u0142onk\u00f3w Rady Dyrektor\u00f3w KGHM INTERNATIONAL LTD. oraz Prezesa Zarz\u0105du KGHM INTERNATIONAL LTD. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-403": {
   "value": "Nota 12.10 Wynagrodzenie podmiotu badaj\u0105cego sprawozdanie finansowe i podmiot\u00f3w z nim powi\u0105zanych        w tys. PLN od 01.01.2022  do 31.12.2022 od 01.01.2021  do 31.12.2021 Razem Sp\u00f3\u0142ki grupy PricewaterhouseCoopers  5 429 4 376 Z tytu\u0142u um\u00f3w o przeprowadzenie przegl\u0105du i badania sprawozda\u0144 finansowych oraz um\u00f3w na us\u0142ugi atestacyjne,  z tego: 5 330 4 207     badanie rocznych sprawozda\u0144 finansowych 4 307 3 626     us\u0142ugi atestacyjne, z tego: 1 023 581         przegl\u0105d sprawozda\u0144 finansowych  818 508         inne us\u0142ugi atestacyjne  205 73 Z realizacji innych um\u00f3w  99 169 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-404": {
   "value": "Nota 12.13 Ryzyko i zagro\u017cenia zwi\u0105zane ze zmianami klimatycznymi Grupa Kapita\u0142owa KGHM Polska Mied\u017a S.A. jest \u015bwiadomym i odpowiedzialnym uczestnikiem energetycznej transformacji i kluczowe  dla  niego  jest  dostosowanie  si\u0119  do  zmian  klimatu  i  zarz\u0105dzanie  ryzykiem  klimatycznym.  Grupa  na  bie\u017c\u0105co ocenia  ryzyko  zwi\u0105zane  z  klimatem  i  jego  wp\u0142yw  na  jej  dzia\u0142alno\u015b\u0107  w  ramach  procesu  Zarz\u0105dzania  Ryzykiem Korporacyjnym  Grupy  Kapita\u0142owej  KGHM  Polska  Mied\u017a  S.A.,  kt\u00f3ry  szerzej  zosta\u0142  opisany  w  Sprawozdaniu  Zarz\u0105du z dzia\u0142alno\u015bci KGHM  POLSKA  MIED\u0179  S.A.  oraz  Grupy  Kapita\u0142owej KGHM  POLSKA MIED\u0179 S.A.  w  2022 roku,  rozdzia\u0142  2.6. Zarz\u0105dzanie ryzykiem. Negatywny  wp\u0142yw  zmian  klimatu  na  dzia\u0142alno\u015b\u0107  Grupy  Kapita\u0142owej  analizowany  jest  przy  wykorzystaniu  poni\u017cszej klasyfikacji. Grupa  nara\u017cona  jest  na  ryzyko  klimatyczne  fizyczne,  wynikaj\u0105ce  z  okre\u015blonych  zdarze\u0144,  w  szczeg\u00f3lno\u015bci  zwi\u0105zanych z gwa\u0142townymi i chronicznymi zjawiskami pogodowymi b\u0119d\u0105cymi nast\u0119pstwem zmian klimatu takimi jak burze, powodzie, po\u017cary lub fale upa\u0142\u00f3w oraz trwa\u0142e zmiany w schematach pogodowych, kt\u00f3re mog\u0105 wp\u0142ywa\u0107 na dzia\u0142alno\u015b\u0107 Grupy m.in.  poprzez zak\u0142\u00f3cenia \u0142a\u0144cucha dostaw i ci\u0105g\u0142o\u015bci dzia\u0142ania g\u0142\u00f3wnego ci\u0105gu technologicznego, wzrost koszt\u00f3w operacyjnych zwi\u0105zanych bezpo\u015brednio z dzia\u0142alno\u015bci biznesow\u0105 jak i poprzez wzrost uci\u0105\u017cliwo\u015bci pracy. Ryzyko klimatyczne zwi\u0105zane z przej\u015bciem, na kt\u00f3re nara\u017cona jest Grupa Kapita\u0142owa, wynika z konieczno\u015bci dostosowania si\u0119  gospodarki  do  stopniowych  zmian  klimatu.  Ta  kategoria  ryzyk  obejmuje  kwestie  zwi\u0105zane  z wymogami  prawnymi, post\u0119pem technologicznym w kierunku  gospodarki niskoemisyjnej,  zmianami  w popycie i  poda\u017cy na niekt\u00f3re produkty i us\u0142ugi, kt\u00f3rych  wytwarzanie zwi\u0105zane  jest z  rykiem klimatycznym jak i  rosn\u0105cymi oczekiwaniami  interesariuszy wobec Grupy  co  do  obni\u017cenia  jej  wp\u0142ywu  na  klimat.  Szczeg\u00f3\u0142owy  opis  zidentyfikowanych  kluczowych  rodzaj\u00f3w  ryzyka klimatycznego  zwi\u0105zanego  z  negatywnym  wp\u0142ywem  zmian  klimatu  na  dzia\u0142alno\u015b\u0107  Grupy  Kapita\u0142owej,  w tym  wska\u017aniki stosowane  do  ich  oceny  jak  i  opis  dzia\u0142a\u0144  podejmowanych  przez  Grup\u0119  mityguj\u0105cych  ich  wp\u0142yw  zosta\u0142  przedstawiony w  Sprawozdaniu  Zarz\u0105du  z  dzia\u0142alno\u015bci  KGHM  POLSKA  MIED\u0179  S.A.  oraz  Grupy  Kapita\u0142owej  KGHM  POLSKA  MIED\u0179  S.A.  w 2022 r., rozdzia\u0142  3.3. Podej\u015bcie do zarz\u0105dzania ryzykiem klimatycznym.  W  procesie  oceny  wp\u0142ywu  zidentyfikowanych  ryzyk  klimatycznych  na  dzia\u0142alno\u015b\u0107  Grupy  Kapita\u0142owej,  w  szczeg\u00f3lno\u015bci  zmiennych koszt\u00f3w uprawnie\u0144 do emisji CO 2 , wzrostu koszt\u00f3w zakupu energii elektrycznej, koszt\u00f3w dotycz\u0105cych bada\u0144 oraz dodatkowych nak\u0142ad\u00f3w z tytu\u0142u rozwoju w\u0142asnych \u017ar\u00f3de\u0142 energii, szczeg\u00f3lnej ocenie poddano obszary:  \u2022  przyj\u0119tych okres\u00f3w ekonomicznej u\u017cyteczno\u015bci \u015brodk\u00f3w trwa\u0142ych i ich warto\u015bci rezydualnej, \u2022  istnienia przes\u0142anek o mo\u017cliwo\u015bci utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych, warto\u015bci niematerialnych, \u2022  za\u0142o\u017ce\u0144 stanowi\u0105cych element wyceny udzielonych po\u017cyczek, \u2022  aktualizacji rezerwy na przysz\u0142e koszty zwi\u0105zane z likwidacj\u0105 kopal\u0144 i innych obiekt\u00f3w technologicznych, \u2022  aktualizacji rezerw na dodatkowe koszty zwi\u0105zane z podstawow\u0105 dzia\u0142alno\u015bci\u0105 operacyjn\u0105, \u2022  zobowi\u0105za\u0144 i zobowi\u0105za\u0144 gwarancyjnych z tytu\u0142u ewentualnych grzywien, kar \u015brodowiskowych.  W wyniku powy\u017cszych prac na dzie\u0144 31 grudnia 2022 r. nie zidentyfikowano istotnego wp\u0142ywu ryzyk klimatycznych na ww. obszary. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-405": {
   "value": "Nota 12.14 Zdarzenia po dniu ko\u0144cz\u0105cym okres sprawozdawczy Zawiadomienie o przekroczeniu 5% w og\u00f3lnej liczbie g\u0142os\u00f3w W    dniu  6  styczna  2023  r.  Zarz\u0105d  KGHM  Polska  Mied\u017a  S.A.  poinformowa\u0142,  \u017ce  do  Sp\u00f3\u0142ki  wp\u0142yn\u0119\u0142o  zawiadomienie Powszechnego Towarzystwa Emerytalnego Allianz Polska S.A. z dnia 5 stycznia 2023 r.  Zgodnie  z  przes\u0142anym  zawiadomieniem,  Powszechne  Towarzystwo  Emerytalne  Allianz  Polska  S.A.  zarz\u0105dzaj\u0105ce  Allianz Polska  Otwartym  Funduszem  Emerytalnym  (\u201eAllianz  OFE\u201d),  zarz\u0105dzaj\u0105ce  Allianz  Polska  Dobrowolnym  Funduszem Emerytalnym (\u201eAllianz DFE\u201d) w wyniku po\u0142\u0105czenia  w  dniu  30  grudnia 2022 r. ze sp\u00f3\u0142k\u0105 Aviva Powszechne Towarzystwo Emerytalne  Aviva  Santander  Sp\u00f3\u0142ka  Akcyjna  zarz\u0105dzaj\u0105ce  Drugim  Allianz  Polska  Otwarty  Fundusz  Emerytalny  (\u201eDrugi Allianz OFE\u201d), udzia\u0142 w kapitale zak\u0142adowym i w og\u00f3lnej liczbie g\u0142os\u00f3w Sp\u00f3\u0142ki na rachunkach Allianz OFE, Allianz DFE i Drugi Allianz OFE zwi\u0119kszy\u0142 si\u0119 powy\u017cej 5%. Przed po\u0142\u0105czeniem, \u0142\u0105cznie na rachunkach Allianz OFE i Allianz DFE zapisanych by\u0142o 1 741 592 akcji, stanowi\u0105cych 0,87% udzia\u0142u  w kapitale  zak\u0142adowym  Sp\u00f3\u0142ki,  co  dawa\u0142o prawo  do  wykonywania  1 741 592  g\u0142osy  z  akcji  stanowi\u0105cych  0,87% udzia\u0142u w og\u00f3lnej liczbie g\u0142os\u00f3w na WZA Sp\u00f3\u0142ki. Na rachunku Drugiego Allianz OFE, zapisanych by\u0142o 10 499 861 akcji, stanowi\u0105cych 5,25% udzia\u0142u w kapitale zak\u0142adowym Sp\u00f3\u0142ki, co dawa\u0142o prawo do wykonywania 10 499 861 g\u0142os\u00f3w z akcji stanowi\u0105cych 5,25% udzia\u0142u w og\u00f3lnej liczbie g\u0142os\u00f3w na WZA Sp\u00f3\u0142ki. Po po\u0142\u0105czeniu, \u0142\u0105cznie stan na rachunkach Allianz OFE, Allianz DFE i Drugi Allianz OFE zwi\u0119kszy\u0142 si\u0119 do 12 241 453 akcji, stanowi\u0105cych 6,12%  udzia\u0142u  w  kapitale  zak\u0142adowym  Sp\u00f3\u0142ki, co daje  prawo  do  wykonywania 12 241 453  g\u0142os\u00f3w  z  akcji stanowi\u0105cych 6,12% udzia\u0142u w og\u00f3lnej liczbie g\u0142os\u00f3w na WZA Sp\u00f3\u0142ki. Zawarcie aneks\u00f3w do gwarancji bankowych Dnia  3  lutego  2023  r.  BNP  Paribas  Bank  Polska  S.A.  wystawi\u0142  na  zlecenie  Jednostki  Dominuj\u0105cej  aneksy  do  gwarancji bankowych wystawionych w zwi\u0105zku z art. 137 ust. 2 ustawy z dnia 14 grudnia 2012 r. o odpadach (t.j. Dz. U. z   2022 r. poz. 699) w celu utworzenia funduszu rekultywacji sk\u0142adowisk odpad\u00f3w zwi\u0119kszaj\u0105ce \u0142\u0105czn\u0105 warto\u015b\u0107 gwarancji z kwoty 98 mln PLN do kwoty 120 mln PLN na okres do 15 lutego 2024 r.    Zaci\u0105gni\u0119cie transzy niezabezpieczonego odnawialnego kredytu konsorcjalnego W  dniu  6  lutego  2023  r.  Jednostka  Dominuj\u0105ca  zaci\u0105gn\u0119\u0142a  transz\u0119  niezabezpieczonego  odnawialnego  kredytu konsorcjalnego w ramach umowy zawartej w dniu 20 grudnia 2019 r. z konsorcjum bank\u00f3w. Zobowi\u0105zanie w wysoko\u015bci 50 mln  USD  (tj.  219  mln PLN  wed\u0142ug  kursu  NBP z  dnia ci\u0105gnienia)  zosta\u0142o  zaci\u0105gni\u0119te  na okres  2 tygodni,  po  up\u0142ywie kt\u00f3rego  zosta\u0142o  przed\u0142u\u017cone  na  okres  1  miesi\u0105ca.  Oprocentowanie  kredytu  oparte  jest  o  stawk\u0119  LIBOR  powi\u0119kszon\u0105 o mar\u017c\u0119. Wystawienie gwarancji bankowej na zabezpieczenie zobowi\u0105za\u0144 Dnia  14  lutego  2023  r.  na  zlecenie  Jednostki  Dominuj\u0105cej  wystawiona  zosta\u0142a  gwarancja  bankowa  na  zabezpieczenie zobowi\u0105za\u0144 wynikaj\u0105cych z umowy por\u0119czenia zawartej pomi\u0119dzy KGHM Polska Mied\u017a S.A., Domem Maklerskim Banku Ochrony  \u015arodowiska  S.A.  oraz  Izb\u0105  Rozliczeniow\u0105  Gie\u0142d  Towarowych  S.A,  kt\u00f3rej  przedmiotem  jest  por\u0119czenie  przez Jednostk\u0119 Dominuj\u0105c\u0105 za zobowi\u0105zania Domu Maklerskiego z tytu\u0142u rozlicze\u0144 transakcji dokonywanych tytu\u0142em zakupu energii elektrycznej na Towarowej Gie\u0142dzie Energii, do \u0142\u0105cznej wysoko\u015bci 150 mln PLN na okres do dnia 31 marca 2023 r. Po\u017cyczka udzielona przez Jednostk\u0119 Dominuj\u0105c\u0105 do KGHM INTERNATIONAL LTD. W  dniu  23  lutego  2023  r.  zawarta  zosta\u0142a  umowa  po\u017cyczki  pomi\u0119dzy  KGHM  Polska  Mied\u017a  S.A.  a  KGHM INTERNATIONAL LTD.  w wysoko\u015bci  105,5  mln  USD  (473  mln  PLN,  4,4879 USD/PLN)  na  realizacj\u0119  projektu  Victoria. Oprocentowanie po\u017cyczki zosta\u0142o ustalone na warunkach rynkowych. Umowa zawarta zosta\u0142a do dnia 31 grudnia 2033 r.  Zaci\u0105gni\u0119cie transzy po\u017cyczki z Europejskiego Banku Inwestycyjnego W  dniu  6  marca  2023  r.  Jednostka  Dominuj\u0105ca  zaci\u0105gn\u0119\u0142a  transz\u0119  po\u017cyczki  inwestycyjnej  z  Europejskiego  Banku Inwestycyjnego w ramach umowy zawartej w dniu 11 grudnia 2017 r. Zobowi\u0105zanie w wysoko\u015bci 99 mln USD stanowi\u0105cej r\u00f3wnowarto\u015b\u0107 dost\u0119pnej do wykorzystania kwoty 440 mln PLN zosta\u0142o zaci\u0105gni\u0119te na okres 12 lat. Otrzymane z transzy \u015brodki s\u0105 przeznaczone na kontynuacj\u0119 realizowanych przez KGHM Polska Mied\u017a S.A. projekt\u00f3w inwestycyjnych.  Zawarcie Umowy sprzeda\u017cy akcji KGHM TFI S.A.  W dniu 13 marca 2023 r.  KGHM Polska Mied\u017a S.A. zawar\u0142a z Agencj\u0105 Rozwoju Przemys\u0142u S.A. (dalej: Kupuj\u0105cy) Umow\u0119 sprzeda\u017cy 100% akcji KGHM TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH SP\u00d3\u0141KA AKCYJNA (dalej: Akcje). Sprzeda\u017c Akcji zosta\u0142a uzale\u017cniona od spe\u0142nienia warunk\u00f3w zawieszaj\u0105cych, w tym m in. braku sprzeciwu Komisji Nadzoru Finansowego. Prawo  w\u0142asno\u015bci  Akcji  przejdzie  na  Kupuj\u0105cego,  z  chwil\u0105  dokonania  wpisu  w  Rejestrze  Akcjonariuszy.  Zbycie  Akcji  jest ostatnim etapem  reorganizacji  w  ramach struktury  Grupy  Kapita\u0142owej, obejmuj\u0105cej likwidacj\u0119 funduszy  inwestycyjnych zamkni\u0119tych aktyw\u00f3w niepublicznych. Od dnia 20 grudnia 2022 r., tj. od dnia wykre\u015blenia z rejestru funduszu KGHM VII FIZAN, KGHM TFI S.A. nie zarz\u0105dza\u0142a \u017cadnym funduszem. Warto\u015b\u0107 aktyw\u00f3w netto KGHM TFI S.A. na dzie\u0144 ko\u0144cz\u0105cy okres sprawozdawczy wynios\u0142a 2 mln PLN. Aktywa i zwi\u0105zane z nimi zobowi\u0105zania jednostki zale\u017cnej nie zosta\u0142y przekwalifikowane do \u201eAktyw\u00f3w przeznaczonych do sprzeda\u017cy (grupa zbycia)\u201d i \u201eZobowi\u0105za\u0144 zwi\u0105zanych z grup\u0105 zbycia\u201d, szczeg\u00f3\u0142y w Nocie 9.8.4.  ",
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    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-406": {
   "value": "Cz\u0119\u015b\u0107 13 \u2013 Kwartalna informacja finansowa Grupy Kapita\u0142owej SKONSOLIDOWANE SPRAWOZDANIE Z WYNIKU od 01.10.2022 do 31.12.2022 od 01.10.2021 do 31.12.2021 od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 2.3  Przychody z um\u00f3w z klientami 8 151 8 068 33 847 29 803 Nota 4.1 Koszty sprzedanych produkt\u00f3w, towar\u00f3w  i materia\u0142\u00f3w (6 898) (6 745) (27 541) (23 529) Zysk brutto ze sprzeda\u017cy 1 253 1 323 6 306 6 274 Nota 4.1  Koszty sprzeda\u017cy i koszty og\u00f3lnego zarz\u0105du ( 595) ( 484) (1 962) (1 564) Zysk netto ze sprzeda\u017cy   658 839 4 344 4 710 Nota 6.2       Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci po\u017cyczek       udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu  90 725 873 2 380 Nota 6.2       Przychody odsetkowe od po\u017cyczek udzielonych       wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu obliczone       zastosowaniem metody efektywnej stopy       procentowej  105 172 582 494 Wynik z zaanga\u017cowania we wsp\u00f3lne przedsi\u0119wzi\u0119cie  195 897 1 455 2 874 Nota 4.2  Pozosta\u0142e przychody operacyjne, w tym:  24 348 1 881 1 757      pozosta\u0142e odsetki obliczone z zastosowaniem       metody efektywnej stopy procentowej  13 - 54 1      odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci       instrument\u00f3w finansowych  1 9 5 27 Pozosta\u0142e koszty operacyjne, w tym: (1 676) ( 268) ( 919) (1 046)      straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w       finansowych - ( 10) ( 5) ( 13) Przychody finansowe  537 35 148 70 Nota 4.3  Koszty finansowe ( 114) ( 132) ( 420) ( 541) Zysk/(strata) przed opodatkowaniem ( 376) 1 719 6 489 7 824 Nota 5.1  Podatek dochodowy  ( 117) ( 326) (1 715) (1 669) ZYSK/(STRATA) NETTO ( 493) 1 393 4 774 6 155 Zysk/(strata) netto przypadaj\u0105ca: Akcjonariuszom Jednostki Dominuj\u0105cej  ( 494) 1 394 4 772 6 156 Na udzia\u0142y niekontroluj\u0105ce   1 ( 1) 2 ( 1) \u015arednia wa\u017cona liczba akcji zwyk\u0142ych (mln szt.) 200 200 200 200 Zysk/ (strata) na akcj\u0119 podstawowy i rozwodniony (w PLN) ( 2,47) 6,97 23,86 30,78 Noty obja\u015bniaj\u0105ce do skonsolidowanego sprawozdania z wyniku Nota 13.1 Koszty wed\u0142ug rodzaju od 01.10.2022 do 31.12.2022 od 01.10.2021 do 31.12.2021 od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Amortyzacja \u015brodk\u00f3w trwa\u0142ych i warto\u015bci niematerialnych  663 526 2 398 2 254 Koszty \u015bwiadcze\u0144 pracowniczych    2 009 1 692 7 333 6 443 Zu\u017cycie materia\u0142\u00f3w i energii, w tym: 4 045 3 110 15 876 11 962 wsady obce  2 158 1 769 8 859 7 132 Us\u0142ugi obce  800 721 2 604 2 200 Podatek od wydobycia niekt\u00f3rych kopalin  746 1 009 3 046 3 548 Pozosta\u0142e podatki i op\u0142aty  249 ( 34) 786 661 Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w trwa\u0142ych i warto\u015bci niematerialnych ( 2) 3 ( 3) ( 42) Odwr\u00f3cenie odpis\u00f3w z tytu\u0142u utraty warto\u015bci zapas\u00f3w ( 15) ( 31) ( 55) ( 88) Koszty reklamy i wydatki reprezentacyjne  34 25 89 72 Ubezpieczenia maj\u0105tkowe i osobowe  22 20 80 76 Odpisy z tytu\u0142u utraty warto\u015bci rzeczowych aktyw\u00f3w  trwa\u0142ych i warto\u015bci niematerialnych  36 319 83 340 Odpisy z tytu\u0142u utraty warto\u015bci zapas\u00f3w  34 18 74 47 Pozosta\u0142e koszty  20 28 77 64 Razem koszty rodzajowe 8 641 7 406 32 388 27 537 Warto\u015b\u0107 sprzedanych towar\u00f3w i materia\u0142\u00f3w (+)  136 215 792 790 Zmiana stanu produkt\u00f3w, produkcji w toku  (+/-) ( 827) 112 (2 008) (1 544) Koszty wytworzenia produkt\u00f3w na w\u0142asne potrzeby  Grupy Kapita\u0142owej (-) ( 457) ( 504) (1 669) (1 690) \u0141\u0105czne koszty sprzedanych produkt\u00f3w, towar\u00f3w  i materia\u0142\u00f3w, sprzeda\u017cy i og\u00f3lnego zarz\u0105du, z tego: 7 493 7 229 29 503 25 093   Koszty sprzedanych produkt\u00f3w, towar\u00f3w i materia\u0142\u00f3w 6 898 6 745 27 541 23 529   Koszty sprzeda\u017cy  149 120 560 450   Koszty og\u00f3lnego zarz\u0105du  446 364 1 402 1 114 Nota 13.2 Pozosta\u0142e przychody i (koszty) operacyjne od 01.10.2022 do 31.12.2022 od 01.10.2021 do 31.12.2021 od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Przychody z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 12) 59 270 383     wycena ( 61) ( 31) 109 208     realizacja   49 90 161 175 Przychody z tytu\u0142u odsetek obliczone  z zastosowaniem metody efektywnej stopy procentowej  13 - 54 1 R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie - 218 949 994 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci  \u015brodk\u00f3w trwa\u0142ych w budowie - 2 - 2 Odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych  1 9 5 27 Rozwi\u0105zanie rezerw ( 36) ( 1) 62 34 Zysk ze zbycia warto\u015bci niematerialnych ( 1) - 134 1 Zysk ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych - 8 - 57 Zysk ze zbycia jednostek zale\u017cnych  7 - 180 - Otrzymane dotacje pa\u0144stwowe  5 11 19 24 Przychody z obs\u0142ugi akredytyw, gwarancji - - 28 66 Otrzymane odszkodowania, kary, grzywny  3 10 66 34 Otrzymana rekompensata z tytu\u0142u zakupu energii elektrycznej za 2020 r. - - - 39 Pozosta\u0142e  44 32 114 95 Pozosta\u0142e przychody operacyjne razem  24 348 1 881 1 757 Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 113) ( 176) ( 490) ( 768)     wycena  ( 10) 3 ( 116) ( 141)     realizacja  ( 103) ( 179) ( 374) ( 627) Straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w finansowych - ( 10) ( 5) ( 13) Straty z tytu\u0142u zmian warto\u015bci godziwej aktyw\u00f3w finansowych  11 34 ( 58) ( 39) Straty z tytu\u0142u utraty warto\u015bci \u015brodk\u00f3w trwa\u0142ych  w budowie oraz warto\u015bci niematerialnych nieoddanych do u\u017cytkowania ( 58) ( 27) ( 64) ( 38) R\u00f3\u017cnice kursowe z wyceny aktyw\u00f3w i zobowi\u0105za\u0144  innych ni\u017c zad\u0142u\u017cenie (1 519) - - - Utworzenie rezerw  69 ( 45) ( 27) ( 88) Przekazane wsparcie finansowe dla gmin ( 1) - ( 100) - Straty ze zbycia rzeczowych aktyw\u00f3w trwa\u0142ych ( 17) - ( 26) - Darowizny przekazane ( 21) ( 15) ( 55) ( 33) Pozosta\u0142e ( 27) ( 29) ( 94) ( 67) Pozosta\u0142e koszty operacyjne razem (1 676) ( 268) ( 919) (1 046) Pozosta\u0142e przychody i (koszty) operacyjne (1 652) 80 962 711 Nota 13.3 Przychody i (koszty) finansowe od 01.10.2022 do 31.12.2022 od 01.10.2021 do 31.12.2021 od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144  z tytu\u0142u zad\u0142u\u017cenia  438 - - - Przychody z tytu\u0142u instrument\u00f3w pochodnych - realizacja   83 35 130 70 Skutek rozliczenia transakcji zabezpieczaj\u0105cej ryzyko procentowe w zwi\u0105zku z emisj\u0105 obligacji ze zmiennym oprocentowaniem  16 - 18 - Przychody finansowe razem  537 35 148 70 Odsetki od zad\u0142u\u017cenia, w tym: ( 3) ( 29) ( 18) ( 94)       z tytu\u0142u leasingu ( 2) ( 3) ( 9) ( 13) Skutek odwracania dyskonta rezerw ( 6) ( 4) ( 21) ( 15) Op\u0142aty i prowizje bankowe od zaci\u0105gni\u0119tych  kredyt\u00f3w i po\u017cyczek  ( 6) ( 6) ( 29) ( 25) Koszty z tytu\u0142u instrument\u00f3w pochodnych, z tego: ( 98) ( 41) ( 149) ( 80)       wycena  - - - ( 1)       realizacja  ( 98) ( 41) ( 149) ( 79) R\u00f3\u017cnice kursowe z wyceny i realizacji zobowi\u0105za\u0144  z tytu\u0142u zad\u0142u\u017cenia - ( 44) ( 179) ( 299) Pozosta\u0142e ( 1) ( 8) ( 24) ( 28) Koszty finansowe razem ( 114) ( 132) ( 420) ( 541) Przychody i (koszty) finansowe  423 ( 97) ( 272) ( 471) ",
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    "language": "pl",
    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-426": {
   "value": "SKONSOLIDOWANE SPRAWOZDANIE Z WYNIKU od 01.10.2022 do 31.12.2022 od 01.10.2021 do 31.12.2021 od 01.01.2022 do 31.12.2022 od 01.01.2021 do 31.12.2021 Nota 2.3  Przychody z um\u00f3w z klientami 8 151 8 068 33 847 29 803 Nota 4.1 Koszty sprzedanych produkt\u00f3w, towar\u00f3w  i materia\u0142\u00f3w (6 898) (6 745) (27 541) (23 529) Zysk brutto ze sprzeda\u017cy 1 253 1 323 6 306 6 274 Nota 4.1  Koszty sprzeda\u017cy i koszty og\u00f3lnego zarz\u0105du ( 595) ( 484) (1 962) (1 564) Zysk netto ze sprzeda\u017cy   658 839 4 344 4 710 Nota 6.2       Zysk z tytu\u0142u odwr\u00f3cenia utraty warto\u015bci po\u017cyczek       udzielonych wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu  90 725 873 2 380 Nota 6.2       Przychody odsetkowe od po\u017cyczek udzielonych       wsp\u00f3lnemu przedsi\u0119wzi\u0119ciu obliczone       zastosowaniem metody efektywnej stopy       procentowej  105 172 582 494 Wynik z zaanga\u017cowania we wsp\u00f3lne przedsi\u0119wzi\u0119cie  195 897 1 455 2 874 Nota 4.2  Pozosta\u0142e przychody operacyjne, w tym:  24 348 1 881 1 757      pozosta\u0142e odsetki obliczone z zastosowaniem       metody efektywnej stopy procentowej  13 - 54 1      odwr\u00f3cenie strat z tytu\u0142u utraty warto\u015bci       instrument\u00f3w finansowych  1 9 5 27 Pozosta\u0142e koszty operacyjne, w tym: (1 676) ( 268) ( 919) (1 046)      straty z tytu\u0142u utraty warto\u015bci instrument\u00f3w       finansowych - ( 10) ( 5) ( 13) Przychody finansowe  537 35 148 70 Nota 4.3  Koszty finansowe ( 114) ( 132) ( 420) ( 541) Zysk/(strata) przed opodatkowaniem ( 376) 1 719 6 489 7 824 Nota 5.1  Podatek dochodowy  ( 117) ( 326) (1 715) (1 669) ZYSK/(STRATA) NETTO ( 493) 1 393 4 774 6 155 Zysk/(strata) netto przypadaj\u0105ca: Akcjonariuszom Jednostki Dominuj\u0105cej  ( 494) 1 394 4 772 6 156 Na udzia\u0142y niekontroluj\u0105ce   1 ( 1) 2 ( 1) \u015arednia wa\u017cona liczba akcji zwyk\u0142ych (mln szt.) 200 200 200 200 Zysk/ (strata) na akcj\u0119 podstawowy i rozwodniony (w PLN) ( 2,47) 6,97 23,86 30,78 ",
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    "entity": "scheme:G30CO71KTT9JDYJESN22",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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 }
}