Purchase of tangible fixed assets and intangible assets
Table 1
Export to Excel| Year ended 31 December 2020 |
Year ended 31 December 2019 |
|
|---|---|---|
| Purchase of property, plant and equipment | (3,370,927) | (3,436,312) |
| Purchase of intangible assets | (167,028) | (120,034) |
| Change in the balance of VAT-adjusted capital commitments | 82,473 | (20,887) |
| Change in the balance of advance payments | 63,950 | 22,460 |
| Costs of overhaul and internal manufacturing | (513,917) | (478,006) |
| Other | (2,159) | (2,353) |
| Total | (3,907,608) | (4,035,132) |
Loans granted
Borrowing expenses in the amount of PLN 105,275 thousand are related with the following loans granted by the Company:
- tranches of a loan to the jointly controlled entity, Elektrociepłownia Stalowa Wola S.A. in the total amount of PLN 94,775 thousand;
- a loan to PGE EJ 1 Sp. z o.o in the amount of PLN 10,500 thousand.
Purchase of financial assets
Expenditure on the acquisition of shares in the amount of PLN 32,812 thousand is related to the transfer of funds by the Company to the increase the capital of the following companies:
- PGE EJ 1 Sp. z o.o in the amount of PLN 18,858 thousand;
- EEC Magenta Sp. z o.o. 2 ASI spółka komandytowo-akcyjna in the amount of PLN 8,166 thousand;
- EEC Magenta Sp. z o.o. ASI spółka komandytowo-akcyjna in the amount of PLN 773 thousand.