Table 1
Export to Excel| Year ended 31 December 2020 |
Year ended 31 December 2019 (restated figures) |
|
|---|---|---|
| Amortization, included in item: | (1,891,170) | (1,867,549) |
| Cost of sales | (1,781,551) | (1,753,115) |
| Selling and distribution expenses | (44,016) | (40,964) |
| Administrative expenses | (41,366) | (45,082) |
| Cost of goods produced for internal purposes | (24,237) | (28,388) |
| Impairment allowance, included in item: | (3,174,681) | (1,354,143) |
| Cost of sales | (3,128,975) | (1,319,623) |
| Selling and distribution expenses | 1,413 | (9,151) |
| Administrative expenses | (47,040) | (25,311) |
| Cost of goods produced for internal purposes | (79) | (58) |
| Total | (5,065,851) | (3,221,692) |
The increase in depreciation expense is mainly due to the recognition in the current period of the depreciation of the wind farm assets acquired from the in.ventus group in September 2019 and the commencement of depreciation, in connection with the commissioning of the 910 MW power unit in Jaworzno.
In the year ended 31 December 2020, as a result of impairment tests performed as at 31 December 2020 and as at 30 June 2020, the Group recognised impairment losses in the Generation and Mining segments in the total amount of PLN 3,170,316 thousand. The tests and their results are further described in detail in Note 11 to these consolidated financial statements.
In addition, in the year ended 31 December 2020, the Group companies created and reversed write-downs on individual assets, customer contract assets and non-current assets classified as held for sale, which charged the Group’s operating expenses with the total amount of PLN 4,365 thousand.
The total impairment loss on property, plant and equipment, intangible assets and rights-of-use assets in the year ended 31 December 2020 amounted to PLN 3,174,681 thousand.