• CLEAN AND ENVIRONMENTALLY FRIENDLY Natural gas is the cleanest and most environmentally friendly of all fossil fuels...Read more

  • WELL DRILLING PADThe size of a typical drilling pad is about 1 hectare. To compare, the floorage of an average shopping centre is 4.5 hectares... Read more

  • SECURING OF WELL DRILLING PADA drilling pad as well as the adjacent pool are reinforced and tightened with concrete slabs. Protective foil is additionally laid where necessary.

  • WORK NOISEWell drilling does not produce onerous noise. The intensity of sounds generated in connection with drilling work is lower than that generated by street traffic.Read more

  • SAFETY OF FRACTURING PROCESSIn Poland, exploration wells in shale rock are drilled to depths of over 2.5 km.Read more

  • COMPOSITION OF FRACTURING FLUIDFracturing fluid is 95% water. Read more

  • NO MAJOR LANDSCAPE INTERFERENCEIf gas production is launched, the land surrounding the isolated, secured zone, is subject to a reclamation treatment. Read more

Notes to the Consolidated Financial Statements – Contents

16. Deferred Tax Assets

in PLN m

  Dec 31 2012 Dec 31 2011
Provisions for length-of-service awards and severance payments  60 61
Provision for unused holiday entitlement  5 5
Provision for well decommissioning costs  143 121
Provision for environmental liabilities 22 22
Other provisions 75 36
Impairment losses on property, plant and equipment 72 81
Impairment losses on shares  7 7
Impairment losses on interest on receivables 7 5
Negative valuation of derivatives 87 87
Foreign exchange losses 5 5
Accrued interest on borrowings and liabilities 5 2
Connection charge 66 70
Unpaid salaries and wages, including contributions to the Social Insurance Institution (ZUS) 9 6
Revaluation of prepayments/deferred income due to hyperinflation 7 8
Investment tax credit (Norway) 492 365
Tax loss for period 4  - 
Other 58 39
Total 1,124 920
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