6.3.3. GRANTS

Accounting policies

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 related to assets, including:
 Kosakowo UGSC construction
 Wierzchowice UGS extension
 Strachocina UGS extension
 Husów UGS extension
 Construction of gas distribution systems in new areas and upgrades of existing distribution networks
Including non-current

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.

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