• 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

29. Deferred Income

in PLN m

Dec 31 2012 Dec 31 2011
Non-current
Non-depreciated portion of the value of gas service lines financed by gas buyers 436 487
Connection charge 429 449
Grants 578 214
Other deferred income 5 10
Total non-current deferred income 1,448 1,160
Current
Non-depreciated portion of the value of gas service lines financed by gas buyers 50 51
Connection charge 18 18
Other deferred income 33 26
Total current deferred income 101 95
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Grants

The Group is engaged in implementation of projects for which EU co-financing has been obtained. The largest such projects are carried out by the Parent and involve extension of the gas storage capacities.

In 2012, the Parent obtained a PLN 226.3m grant (2011: PLN 106.6m) as co-financing for the Wierzchowice underground Storage Facility project, a PLN 35.9m grant (2011: PLN 34.2m) as co-financing for the Strachocina underground storage facility and a PLN 43.9m grant (2011: PLN 9.6m) as co-financing for the Kosakowo underground storage facility.

The grant amounts are recognised as Deferred income and will be released to operating income gradually in proportion to the depreciation charges on the tangible assets financed.

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