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As at the reporting date the carrying amount of property, plant and equipment related to the distribution activity amounted to approx. PLN 18 billion and represented approx. 31% of total consolidated property, plant and equipment. Their recoverable amount depends mainly on tariffs granted by President of the Energy Regulatory Office. Regulated revenue (tariff) which is determined annually provides covering justified costs: operating costs, depreciation and amortisation, taxes, purchase of energy to cover balancing difference and transferred costs. It provides also a return on capital employed in the distribution activity at a justified level. Return on capital employed and depreciation charges depend on the so called Regulatory Asset Base.
As at the date of preparation of these consolidated financial statements, PGE Group did not identify any indications for impairment of property, plant and equipment allocated to the distribution activities.
