Our results

Explanations to the cash flow statement

(Increase) / decrease in trade and other receivables

Data in ths. PLN

  Year ended 31/12/2017 (audited)Year ended 31/12/2016 (audited)
Change in the balance from the statement of financial position(89,282)17,101
Change in the balance of receivables for sale of non-current assets90(1,786)
Change in the balance of receivable interest(775)(238)
Offsetting mutual settlements(4,656)-
Other(156)(863)
Change in the balance of trade and other receivables in the cash flow statement(94,779)14,214

(Increase) / decrease in inventories

Data in ths. PLN

Year ended 31/12/2017 (audited)Year ended 31/12/2016 (audited)
Change in the balance from the statement of financial position(27,275)7,324
Change in the balance of inventories reclassified from fixed assets30,3552,795
Change in the balance of inventories in the cash flow statement3,08010,119

(Increase) / decrease in other assets

Data in ths. PLN

(Increase) / decrease in other assetsYear ended 31/12/2017 (audited)Year ended 31/12/2016 (audited)
Change in the balance from the statement of financial position(261,721)(2,963)
Change in the balance of advances paid for the purchase of fixed assets(9,322)(2,908)
Change in the balance of other assets from bank term deposits longer than 3 months253,000(1,282)
Change in the balance of other assets from granted loans117(1,867)
Change in the balance of other assets from sale and liquidation of shares and ownership interests(1,101)(1,540)
Other36223
Change in the balance of other assets in the cash flow statement(18,991)(10,337)

Increase / (decrease) in trade and other payables

Data in ths. PLN

 Year ended 31/12/2017 (audited)Year ended 31/12/2016 (audited)
Change in the balance from the statement of financial position79,448(93,596)
Change in the balance of liabilities related to purchase of non-financial non-current assets(32,873)64,776
Change in the balance of liabilities related to grant received1,969(8,393)
Other62-
Change in the balance of trade and other payables in the cash flow statement48,606(37,213)

Increase / (decrease) in other financial liabilities

Data in ths. PLN

 Year ended 31/12/2017 (audited)Year ended 31/12/2016 (audited)
Change in the balance from the statement of financial position(119,659)(37,441)
Settlement of put option for non-controlling interest114,010-
Change in the balance of other financial liabilities in the cash flow statement(5,649)(37,441)

Other adjustments

Data in ths. PLN

  Year ended 31/12/2017 (audited)Year ended 31/12/2016 (audited)
Actuarial earnings / (losses) recognized in other comprehensive income(35,982)21,482
Effective portion of profits and losses related to a hedging instrument to hedge cash flow12,766966
Foreign exchange differences resulting from translationof financial statements of foreign entities3581,621
Other adjustments in the cash flow statement(22,858)24,069
 

Non-financial transactions

In the 12-month period ended 31 December 2017 and 31 December 2016, major non-financial transactions concerning investing and financial activity which were not reflected in the consolidated cash flow statement were as follows:

a) Purchase of asset components in the form of financial lease

In the 12-month period ended 31 December 2017, the Group, under executed financial lease agreements, purchased fixed assets worth PLN 3,858 thousand. In the 12-month period ended 31 December 2016, the value of fixed assets acquired under financial lease agreements was PLN 3,209 thousand.

b) Derecognition of rolling stock

When it is decided to derecognize a rolling stock component, its residual value is recognized in the item of inventories. In 2017, the residual value of fixed asset components reclassified to inventories was PLN 30,355 thousand, while it was PLN 2,795 thousand in 2016.

c) Offsetting mutual settlements

In 2017, the Company offset trade receivables with liabilities relating to purchase of non-financial non-current assets. The total amount of the offsetting was PLN 4,656 thousand in 2017.