27. Loans, borrowings, debt instruments and ather interest rate financial liabilities

in PLN thousand As at 31 December 2018 As at 31 December 2017
Non-current portion of secured loans and borrowings - 24 750
Finance lease liabilities 267 105
Liability due to forward exchange contracts - 292
Non-current liabilities 267 25 147
     
Current portion of secured loans and borrowings 24 781 24 811
Finance lease liabilities 185 172
Liability due to forward exchange contracts - 58
Current liabilities 24 966 25 041

27a. Timetable for repayment of loans and borrowings

As at 31 December 2018

in PLN thousand Total up to 1 year 1-3 years 3-5 years
Bank loans, dividends and other instruments, including: 25 233 24 966 267 -
KOGENERACJA S.A.        
Loan from WFOŚiGW (Voivodeship Fund for Environmental Protection and Water Management) 24 781 24 781 - -
Current portion of finance lease liabilities 158 70 88 -
EC Zielona Góra S.A        
Current portion of finance lease liabilities 294 115 179 -

As at 31 December 2017

in PLN thousand Total up to 1 year 1-3 years 3-5 years
Bank loans, dividends and other instruments, including: 50 188 25 041 25 147 -
KOGENERACJA S.A.        
Loan from WFOŚiGW (Voivodeship Fund for Environmental Protection and Water Management) 49 561 24 811 24 750 -
Current portion of finance lease liabilities 215 148 67 -
EC Zielona Góra S.A        
Liability due to foreign currency forward contracts 350 58 292 -
Current portion of finance lease liabilities 62 24 38 -

27b. Terms and dates of repayment of loans and borrowings

As at 31 December 2018

in PLN thousand Currency Nominal interest rate (in %) Repayment year Initial value Carrying value
Secured bank loans:          
KOGENERACJA S.A.- cash-pool PLN WIBOR 1M+0,52 2019 250 000 -
EC Zielona Góra S.A.- cash-pool PLN WIBOR 1M+0,52 2019 70 000 -
Borrowings:          
KOGENERACJA S.A.- Loan from WFOŚiGW (Voivodship Fund for Environmental Protection and Water Management) PLN 3,00 2019 99 000 24 781
Finance lease liabilities          
KOGENERACJA S.A. PLN 4,20 2020 342 158
EC Zielona Góra S.A. PLN 2,80 2020 322 294
        419 664 25 233

As at 31 December 2017

in PLN thousand Currency Nominal interest rate (in %) Repayment year Initial value Carrying value
Secured bank loans:          
KOGENERACJA S.A.- cash-pool PLN WIBOR 1M+0,53 2018 250 000 -
EC Zielona Góra S.A.- cash-pool PLN WIBOR 1M+0,53 2018 70 000 -
Borrowings:          
KOGENERACJA S.A.- Loan from WFOŚiGW (Voivodship Fund for Environmental Protection and Water Management) PLN 3,00 2019 99 000 49 561
Finance lease liabilities          
KOGENERACJA S.A. PLN 4,20 2020 342 215
EC Zielona Góra S.A. PLN 2,80 2019 322 62
Other          
Liability due to foreign currency forward contracts EUR - 2019 - 350
        419 664 50 188

27c. Securities on the Company's property

On 29 October 2013 KOGENERACJA S.A. concluded a loan agreement with Voivodship Fund for Environmental Protection and Water Management for the design and installation of wet flue gas desulfurization by limestone-gypsum technology in CHP Wrocław. The loan repayment and its proper handling is secured with blank promissory note of PLN 118 800 thousand, cession of trade receivables from PGE Energia Ciepła S.A. (previously EDF Polska S.A.) (receivables from the sale of electricity from PGE Energia Ciepła S.A. at 31 December 2017 amounted to PLN 33 131 thousand; at 31 December 2016: PLN 35 619 thousand) and the statement in the form of a notarial deed of voluntary submission to enforcement up to PLN 118 800 thousand.

27.Loans, borrowings, debt instruments and ather interest rate financial liabilities
Download document
icona
Add
to clipboard