Grupa Azoty Zakłady Chemiczne Police Group
Consolidated financial highlights
(PLN ‘000)
(EUR ‘000)
for the period
Jan 1 −
Dec 31 2020
for the period
Jan 1 −
Dec 31 2019
for the period
Jan 1 −
Dec 31 2020
for the period
Jan 1 −
Dec 31 2019
Revenue
2,427,966
2,432,318
542,659
565,419
Operating profit
59,117
48,254
13,213
11,217
Profit before tax
147,516
54,966
32,970
12,777
Net profit
123,649
43,537
27,636
10,121
Comprehensive income for period
128,172
40,130
28,647
9,329
Number of shares
124,175,768
75,000,000
124,175,768
75,000,000
Earnings per ordinary share
0.94
0.66
0.21
0.15
Net cash from operating
activities
171,262
302,236
38,278
70,258
Net cash from investing activities
(2,166,827)
(168,763)
(484,294)
(39,231)
Net cash from financing activities
1,613,510
152,230
360,625
35,388
Total net cash flows
(382,055)
285,703
(85,391)
66,415
Cash and cash equivalents at
beginning of period
445,456
160,209
99,561
37,242
Cash and cash equivalents at end
of period
64,332
445,456
14,378
103,551
as at
Dec 31 2020
as at
Dec 31 2019
as at
Dec 31 2020
as at
Dec 31 2019
Non-current assets
2,659,146
1,837,782
576,221
431,556
Current assets
749,717
1,095,718
162,459
257,301
Non-current liabilities
766,719
531,230
166,143
124,746
Current liabilities
897,855
1,065,144
194,560
250,122
Equity
1,744,289
1,337,126
377,977
313,990
Share capital
1,241,758
750,000
269,082
176,118
Non-controlling interests
45
203,373
10
47,757
The selected items of the consolidated statement of profit or loss and other comprehensive income,
statement of financial position and statement of cash flows were translated into the euro using the
method described below:
Items of assets and equity and liabilities in the statement of financial position were translated
at the exchange rate effective for the last day of the reporting period:
the exchange rate as at December 31st 2019 was EUR 1 = PLN 4.2585 (table No.
251/A/NBP/2019),
the exchange rate as at December 31st 2020 was EUR 1 = PLN 4.6148 (table No.
255/A/NBP/2020).
Items of the statement of profit or loss and other comprehensive income and statement of cash
flows were translated at the arithmetic mean of the EUR/PLN rates quoted by the National
Bank of Poland as effective for the last day of each month in the reporting period:
in the period January 1st–December 31st 2019, the average exchange rate was EUR 1 = PLN
4.3018,
in the period January 1st–December 31st 2020, the average exchange rate was EUR 1 = PLN
4.4742.
The translation was made using the exchange rates specified above by dividing amounts expressed
in thousands of the złoty by the exchange rate.
