6.3.3. GRANTS

Accounting policies

Grants 
The Group recognises grants related to assets, receivable on condition that the Group purchases, produces, or otherwise obtains non-current assets.

Grants related to assets are recognised in the statement of financial position under ‘Grants’ (non-current portion) and ‘Other liabilities’ (current portion), and subsequently taken – through equal annual charges – to profit or loss throughout the expected useful life of the assets.

 

Grants
2019
2018
Grants related to assets, including:
 754
 761
 Kosakowo UGSC construction
 62
 71
 Wierzchowice UGS extension
 378
 399
 Strachocina UGS extension
 51
 53
 Husów UGS extension
 25
 27
 Construction of gas distribution systems in new areas and upgrades of existing distribution networks
 182
 149
 Other
 56
 62
Total
 754
 761
Including non-current
 705
 720

Group companies are executing projects for which EU co-financing has been obtained. The largest projects of this type were reported by Polska Spółka Gazownictwa Sp. z o.o., which in 2019 was a party to co-financing agreements covering nine projects, executed under the Operational Programme Infrastructure and Environment for 2014-2020. In connection  with these contracts, in the reporting period the Company received a PLN 38m EU grant from Instytut Nafty i Gazu. In the comparative period, the grant amount was PLN 1.8m.