Statement of financial position

	Note	At
		31 December 2014	31 December 2013
ASSETS
Non-current assets
Property, plant and equipment	1	11 562	9 744
Intangible assets	2	511	273
Shares and investment certificates in subsidiaries	3	11 760	11 744
Investments in joint ventures	3	18	33
Deferred tax assets	14	111	98
Available-for-sale financial assets	4	931	809
Financial assets for mine closure and restoration of tailing storage facilities	5	206	178
Derivatives	6	190	342
Trade and other receivables	7	2 150	314
		27 439	23 535
Current assets
Inventories	8	2 377	2 432
Trade and other receivables	7	2 142	2 475
Financial assets for mine closure	5	2	1
Derivatives	6	267	472
Cash and cash equivalents	9	85	123
		4 873	5 503
TOTAL ASSETS		32 312	29 038
EQUITY AND LIABILITIES
Equity
Share capital	10	2 000	2 000
Revaluation reserve from measurement of financial instruments	11	366	512
Actuarial gains/losses on post-employment benefits	11	(401)	(112)
Retained earnings	11	22 312	20 898
TOTAL EQUITY		24 277	23 298
LIABILITIES
Non-current liabilities
Trade and other payables	12	185	26
Borrowings	13	1 052	-
Derivatives	6	122	17
Employee benefits liabilities	15	1 842	1 423
Provisions for other liabilities and charges	16	994	523
		4 195	1 989
Current liabilities
Trade and other payables	12	2 537	2 431
Borrowings	13	1 056	1 123
Current corporate tax liabilities		56	50
Derivatives	6	36	6
Employee benefits liabilities	15	114	110
Provisions for other liabilities and charges	16	41	31
		3 840	3 751
TOTAL LIABILITIES		8 035	5 740
TOTAL EQUITY AND LIABILITIES		32 312	29 038

The amounts in the table are expressed in million PLN, unless otherwise stated.

statement_of_financial_position_2014.xlsx