2.85 in 2020,
2. 58 in 2021,
2.5 in 2022
Discount rate (%)
Average assumed annual growth of bases (%)
0.0 – 3.03
2.1 – 5.0
Employee turnover rate (%)
0.0 – 15.0
0.2 – 12.5
Forecast increase rate for the value of medical services (%)
2.5 – 2.58
0.0 – 2.5
Forecast increase rate for the value of allowance for Company Social Benefits Fund (%)
0.0 – 4.0
4.0 – 13.0
The employee attrition probability is based on the historical data on employee turnover in the Group and statistical data on employee attrition in the industry.
Mortality and the likelihood of living up to a certain age are adopted in accordance with the Life Expectancy Table published by the Chief Statistical Office, assuming that the population of the Group employees corresponds to the average for Poland with respect to mortality.
A statutory mode of retirement for employees was adopted according to the detailed rules set out in the Act amending the Act on pensions from the Social Insurance Fund and certain other acts of 16 November 2016.
The discount rate of 1.3% was adopted for discounting future payments of benefits as at the reporting date (December 31, 2019: 2.0%), i.e. at the level of profitability of securities issued by the State Treasury and listed on the Polish capital market.
Current book value of provisions for post-employment benefits and jubilee awards: