24. Assets held for sale
in PLN m
| Item (or group) of non-current assets | Expected disposal date | Carrying amount as at Dec 31 2013 | Terms of disposal |
|---|---|---|---|
| Assets associated with subsidiary Geovita S.A., classified as held for sale | Q1 2014 | 82 | public invitation to negotiate |
| Other non-current assets held for sale | 2014 | 6 | tender |
| Total | 88 | ||
| Liabilities associated with non-current assets held for sale | Carrying amount as at Dec 31 2013 | ||
| Liabilities associated with subsidiary Geovita S.A., classified as held for sale | 15 | ||
| Total | 15 |
| Item (or group) of non-current assets | Expected disposal date | Carrying amount as at Dec 31 2012 | Terms of disposal |
|---|---|---|---|
| Assets associated with subsidiary Geovita S.A., classified as held for sale | H1 2013 | 91 | public invitation to negotiate |
| Shares in jointly-controlled entity InterTransGas GmbH, classified as held for sale | 2013 | 5 | request for bids |
| Other non-current assets held for sale | 2013 | 12 | tender |
| Total | 108 | ||
| Liabilities associated with groups of assets held for sale | Carrying amount as at Dec 31 2012 | ||
| Liabilities associated with subsidiary Geovita S.A., classified as held for sale | 20 | ||
| Total | 20 |
As at the end of 2012, the net carrying amount of non-current assets held for sale was PLN 108m. The largest items were two companies classified as held for sale: Geovita S.A., a consolidated subsidiary, and InterTransGas GmbH, a non-consolidated jointly-controlled entity.
In 2013, the process of selling shares in Geovita S.A. continued, while the procedure aimed at selling InterTransGas GmbH was ended with no transaction concluded. In December 2013, the General Meeting of InterTransGas resolved to wind up the company and begin the liquidation process – for more detail, see Note 38.8. Foreign operations.
Previous note