Integrated report 2020
- PGE’s vision
- Sustainable transformation
- PGE in 2020
- About the report
- Interactive data
Integrated report 2020
Cash comprises cash in hand and deposits payable on demand.
Cash equivalents comprise short-time investments with large liquidity, easily exchangeable into particular amounts of cash and exposed to a minimum risk of impairment.
Short-term deposits are placed for various maturities, ranging from one day to one month, depending on the Group’s current cash requirement.
The balance of cash and cash equivalents comprises the following items:
|
As at December 31, 2020 |
As at December 31, 2019 |
|
| Cash at bank and in hand | 1,415 | 1,093 |
| Overnight deposits | 309 | 19 |
| Short-term deposits | 1,423 | 103 |
| Funds in VAT accounts | 1,042 | 98 |
| TOTAL | 4,189 | 1,313 |
| Exchange differences on cash in foreign currencies | (16) | (2) |
| Balance of cash and cash equivalents presented in statement of cash flows | 4,173 | 1,311 |
| Undrawn credit facilities as at December 31 | 6,556 | 5,309 |
| including overdraft facilities | 1,811 | 1,035 |
A detailed description of credit agreements is presented in note 25.1.3 to these financial statements.
The balance of cash includes restricted cash in the amount of PLN 93 million (PLN 230 million in the comparative period) held in the accounts of customers of PGE Dom Maklerski S.A. as securities for settlements with the Warsaw Commodity Clearing House, cash in VAT accounts in the amount of PLN 1,042 million (PLN 98 million in the comparative period) as well as securities and sureties of PLN 104 million (PLN 100 million in the comparative period).