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  • integrated report 2019

2.2. KEY DATA ON THE REPORTABLE SEGMENTS

2019
 Exploration and Production Trade and Storage Distribution Generation Other Segments
Total
Reconciliation with consolidated data*
Total
Sales to external customers
 3,351
 32,415
 4,481
 1,606
 170
 42,023
 
 
Inter-segment sales
 2,471
 835
 106
 959
 330
 4,701
 
 
Total revenue
 5,822
 33,250
 4,587
 2,565
 500
 46,724
 (4,701)
 42,023
EBITDAear­nings be­fo­re in­te­rest, ta­xes, de­pre­cia­tion and amor­ti­za­tion
 3,360
 (470)
 1,995
 856
 (258)
 5,483
 21
 5,504
Depreciation and amortisation expense 
 (1,056)
 (214)
 (1,015)
 (707)
 (64)
 (3,056)
 -
 (3,056)
EBITear­nings be­fo­re in­te­rest and ta­xes (operating profit)
 2,304
 (684)
 980
 149
 (322)
 2,427
 21
 2,448
Recognition and reversal of impairment losses on property, plant and equipment, intangible assets, and rights to use assets
 (613)
 (5)
 6
 -
 (47)
 (659)
 -
 (659)
Profit/(loss) from equity-accounted investees  
 (239)
 -
 -
 -
 4
 (235)
 -
 (235)
Expenditure on acquisition of property, plant and equipment and intangible assets
 (2,446)
 (79)
 (2,265)
 (1,074)
 (146)
 (6,010)
 (59)
 (6,069)
Property, plant and equipment 
 14,576
 3,325
 16,455
 5,239
 653
 40,248
 (246)
 40,002
Employment**
 6,746
 3,061
 11,482
 1,833
 1,663
 24,785
 
 
*Inter-company aliminations and consolidation adjustments      
*Excluding employees of equity-accounted investees.      

2018
 Exploration and Production Trade and Storage Distribution Generation Other Segments
Total
Reconciliation with consolidated data*
Total
Sales to external customers
 3,795
 31,038
 4,604
 1,617
 180
 41,234
 
 
Inter-segment sales
 3,876
 666
 323
 770
 323
 5,958
 
 
Total revenue
 7,671
 31,704
 4,927
 2,387
 503
 47,192
 (5,958)
 41,234
EBITDAear­nings be­fo­re in­te­rest, ta­xes, de­pre­cia­tion and amor­ti­za­tion
 5,019
 (848)
 2,385
 788
 (214)
 7,130
 (15)
 7,115
Depreciation and amortisation expense 
 (1,063)
 (189)
 (927)
 (472)
 (70)
 (2,721)
 1
 (2,720)
EBITear­nings be­fo­re in­te­rest and ta­xes (operating profit)
 3,956
 (1,037)
 1,458
 316
 (284)
 4,409
 (14)
 4,395
Recognition and reversal of impairment losses on property, plant and equipment, intangible assets, and rights to use assets
 (484)
 -
 (2)
 16
 7
 (463)
 -
 (463)
Profit/(loss) from equity-accounted investees  
 93
 -
 -
 -
 18
 111
 -
 111
Expenditure on acquisition of property, plant and equipment and intangible assets
 (2,216)
 (54)
 (1,713)
 (391)
 (142)
 (4,516)
 (18)
 (4,534)
Property, plant and equipment 
 13,132
 3,196
 14,018
 3,588
 528
 34,462
 (226)
 34,236
Employment**
 6,958
 3,051
 11,542
 1,813
 1,510
 24,874
 
 
*Inter-company aliminations and consolidation adjustments      
*Excluding employees of equity-accounted investees.      

The segment information has been prepared in accordance with the accounting policies applied in these consolidated financial statements.

The Management Board analyses the segments’ results using basic performance measures, such as segment’s net profit, as well as key efficiency indicators such as EBITDAear­nings be­fo­re in­te­rest, ta­xes, de­pre­cia­tion and amor­ti­za­tion, which is not a standardised measure.

The definition of EBITDAear­nings be­fo­re in­te­rest, ta­xes, de­pre­cia­tion and amor­ti­za­tion and how it is calculated by the Group are presented below.

Definition adopted by the Group:

EBITDAear­nings be­fo­re in­te­rest, ta­xes, de­pre­cia­tion and amor­ti­za­tion – profit before tax, less net finance costs, share of profit/(loss) of equity-accounted investees, and depreciation and amortisation. .

 

Chart 1 Segments’ contributions to the Group’s EBITDAear­nings be­fo­re in­te­rest, ta­xes, de­pre­cia­tion and amor­ti­za­tion (PLNbn)

For more information on the operations of each segment, see the Directors’ Report on the operations of PGNiG S.A. and the PGNiG Group.

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2.1. Key information on the Group and its reportable segments.
2.3. Revenue by segment