Contents

• Annual Report
• Financial Statements
• Corporate Governance

Notes to the Consolidated Financial Statements – Contents

29. Deferred Income

in PLN m

	Dec 31 2013	Dec 31 2012
Non-current
Non-depreciated portion of the value of gas service lines financed by gas buyers	387	436
Connection charge	403	429
Grants	740	578
Other deferred income	3	5
Total non-current	1,533	1,448
Current
Non-depreciated portion of the value of gas service lines financed by gas buyers	48	50
Connection charge	19	18
Other deferred income	119	33
Total current	186	101

Grants

The Group implements projects for which EU co-financing has been obtained. The largest projects are carried out by the Parent and involve extension of the gas storage capacities.
In 2013, the Parent received grants to finance the following projects:

• “Wierzchowice Underground Storage Facility” – PLN 31.9m (2012: PLN 226.3m),
• “Kosakowo Underground Storage Facility” – PLN 49.9m (2012: PLN 43.9m),
• “Husów Underground Gas Storage Facility” – PLN 17.8m.

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.

 

Polish Oil & Gas Company (PGNiG SA) KRS 0000059492, NIP 525-000-80-28, share capital 5,900,000,000 PLN – fully paid Headquarters – 25 M. Kasprzaka Street, 01-224 Warsaw, Poland Phone: +48 22 589 45 55, Fax: +48 22 691 82 73