PGNiG reported that the estimates take into account the results tied in the fourth quarter of 2015 and write-downs recorded in the cost of expenditure relating to: fixed assets under construction to the exploration and evaluation of mineral resources for about . 0.36 billion zł, fixed assets related to the extraction of hydrocarbons at approx. 0.15 billion zł, supply high-methane gas at approx. 0.22 billion zł. They also take into account the negative result of the hedging instrument is approx. 0.11 billion zł, including the cost of gas 0.13 billion zł.
Together, they will reduce the operating result of the PGNiG group in the fourth quarter by about 0.84 billion zł.
“Making allowances for assets related to exploration and evaluation of mineral resources and the assets of mining the analysis of future cash flows, which takes into account the current path of the price of products, the expected changes in the regulatory environment (including the tax burden) and the updated long-term forecasts of production “- said in a statement.
added that the need to record impairment charges related to assets Poland and Norway.
“the amount of the allowance for supply of high-methane gas was the result of two factors: the loss of calorific gas in Wierzchowice and market valuation of stocks of high-methane gas based on forecasted sales price “- explains PGNiG.
the company also said that the estimated consolidated operating profit EBITDA entire 2015 years amounts to approx. 6.1 billion zł the estimated consolidated sales revenues in the amount of 36.5 billion zł.
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