Accounting policy applied
Payables are the Group’s present obligation resulting from future events, whose fulfillment will, according to expectations, cause the outflow from the entity of the means entailing economic benefits. Trade payables and liabilities related to purchase of non-financial non-current assets are initially carried at fair value. Later, financial liabilities are carried at amortized cost using the effective interest rate method. Other non-financial liabilities are carried at the amount which is required to be paid.
Structure of trade and other payables
Data in ths. PLN
|As at 31/12/2017 (audited)||As at31/12/2016 (audited)|
|Liabilities related to purchase of non-financial non-current assets||79,046||46,402|
|Liabilities related to received collateral (deposits, bid security guarantees, guarantees)||42,114||20,289|
|Settlements with employees||87,261||78,836|