2015-01-29 19:20 Author: (ed. TUL , Lands.), (Suteniec Gregory) [Photo: Stefan Maszewski / Reporter] 
According to preliminary estimates, PGE’s consolidated EBITDA in 2014 was 8.1 billion, and net profit attributable to shareholders of the parent company about 3.6 billion – the company said in a statement.
Update hours. 20:45
The estimates take into account the significant non-cash PGE-off events that occurred in 2014. Positive EBITDA (ie, earnings calculated before deduction of interest on loans taken out, among others) in 2014. Were as follows: income from LTC compensation in the amount of approximately 1,539 million zł, the reversal of provisions as a result of favorable judgments the Court of Appeal in respect of disputes relating to LTC compensation in the amount of approx. 246 million zł and release of provision for granted free CO2 emission allowances for 2013. in the amount of approx. zł 751 million.
– The Company is continuing the process of restructuring and reduction of fixed costs of current operations. On the occasion of the Voluntary Retirement Program (PDO) in 2014, was established a reserve of approx. 400 million zł. Provision affected the reported operating profit.
The creation of reserves for costs associated with the implementation of the Voluntary Retirement Program reported EBITDA declined. Impairment loss takes into account the estimated impairment of financial instruments in the amount of approximately 386 million zł, respectively, reduced the reported net profit.
PGE reported that a significant impact on the consolidated financial results is also a change in accounting policy of provision for mine reclamation pit, involving the activation of future reclamation costs incurred as a result of the excavation of overburden extraction. PGE plans to publish a consolidated report for 2014 years on February 17.
After three quarters of 2014 years was 2.88 billion PGE zł net profit attributable to shareholders of the parent, 4.06 billion zł EBIT, EBITDA of 6.3 billion zł and 20,86 zł billion in revenue.
In 2013, net profit attributable to shareholders of the parent company amounted to 4.12 billion PGE zł, operating profit of 5.06 billion zł, EBITDA zł 8.03 billion, and revenue 30.14 billion zł.
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