5. Functional and presentation currency

The Polish zloty has been used as the presentation currency of these consolidated financial statements and the functional currency of the parent entity and the subsidiaries covered by these consolidated financial statements, except TAURON Czech Energy s.r.o. The functional currency of TAURON Czech Energy s.r.o. is the Czech koruna (“CZK”). Items in the financial statements of TAURON Czech Energy s.r.o. are translated into the TAURON Group’s presentation currency using the relevant exchange rates.

These consolidated financial statements have been presented in the Polish zloty (“PLN”) and all figures are provided in PLN thousand, unless indicated otherwise.