Our results

Reconciliation of debt liabilities

The Group’s debt liabilities consist of the three main categories: bank loans and borrowings, financial lease and other.

Net debt

Data in ths. PLN

 As at 31/12/2017(audited) As at 31/12/2016(audited)
Bank loans and borrowings1,562,330 1,471,408
Financial lease139,095 200,490
Other- 118,704
Total debt1,701,425 1,790,602
Cash and cash equivalents516,776 755,919
Deposits above 3 months253,805 -
Total net debt930,844 1,034,683
    
EBITDA701,885 489,521
Net debt / EBITDA1.33 2.11

Debt liabilities – broken down into currencies / interest rate type

Data in ths. PLN

As at 31/12/2017 (audited)In functional currency PLN In foreign currency Total
   EURCZK  
Bank loans and borrowings967,344 546,27348,713 1,562,330
Financial lease liabilities64,089 67,3367,670 139,095
Total1,031,433 613,60956,383 1,701,425
Variable-interest-rate liabilities1,030,495 523,38248,713 1,602,590
Fixed-interest-rate liabilities938 90,2277,670 98,835
Total1,031,433 613,60956,383 1,701,425

Data in ths. PLN

As at 31/12/2016 (audited)In functional currency PLN In foreign currency Total
   EURCZK  
Bank loans and borrowings1,145,245 277,50048,663 1,471,408
Financial lease liabilities81,933 108,6259,932 200,490
Other  118,704- 118,704
Total1,227,178 504,82958,595 1,790,602
Variable-interest-rate liabilities1,222,992 258,47548,663 1,530,130
Fixed-interest-rate liabilities4,186 246,3549,932 260,472
Total1,227,178 504,82958,595 1,790,602

Reconciliation of debt liabilities

Data in ths. PLN

 Bank loans and borrowingsFinancialleaseOtherTotal
As at 1 January 2017 (audited)1,471,408200,490118,7041,790,602
Proceeds from take out debt366,3323,858-370,190
Commissions 1,6604 1,664
Accrual of interest28,1236,095-34,218
Payments under debt, including:    
Repayments of the principal(255,210)(59,632)-(314,842)
Paid interest(28,053)(6,095)-(34,148)
 Commissions (1,660)(4)-(1,664)
(Gains) / losses from revaluation of liability related to  put option for non-controlling interest--(4,694)(4,694)
Settlement of put option for non-controlling interest--(114,010)(114,010)
FX valuation(19,563)(5,735)-(25,298)
Foreign exchange differences resulting from translation of financial statements of foreign entities(707)114-(593)
As at 31 December 2017 (audited)1,562,330139,095-1,701,425

Data in ths. PLN

 Bank loans and borrowingsFinancial leaseOtherTotal
As at 1 January 2016 (audited)714,169258,916155,1981,128,283
Proceeds from take out debt1,004,5983,209-1,007,807
Commissions1,398--1,398
Accrual of interest17,7188,556-26,274
Payments under debt, including:  - 
Repayments of the principal(257,855)(67,393)-(325,248)
Paid interest(16,753)(8,556)-(25,309)
 Commissions(1,398)--(1,398)
(Gains) / losses from revaluation of liability related to put option for non-controlling interest--(36,494)(36,494)
FX valuation4,8953,517-8,412
Foreign exchange differences resulting from translation of financial statements of foreign entities4,6362,241-6,877
As at 31 December 2016 (audited)1,471,408200,490118,7041,790,602