Integrated report 2020
- PGE’s vision
- Sustainable transformation
- PGE in 2020
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Integrated report 2020
|
As at December 31, 2020 |
As at December 31, 2019 |
|
|---|---|---|
| OTHER CURRENT LIABILITIES | ||
| Liabilities related to output VAT | 540 | 176 |
| Excise tax liabilities | 33 | 35 |
| Environmental fees | 202 | 213 |
| Payroll liabilities | 284 | 292 |
| Bonuses for employees | 272 | 238 |
| Accrued annual leave entitlements | 113 | 143 |
| Liabilities under Voluntary Leave Programmes | 1 | 6 |
| Awards for Management Boards | 20 | 27 |
| Estimates of other employee benefit liabilities | 5 | 6 |
| Personal income tax | 95 | 89 |
| Social insurance liabilities | 269 | 276 |
| Contract liabilities | 296 | 290 |
| Dividends payable | 7 | 7 |
| Other | 66 | 67 |
| TOTAL OTHER CURRENT LIABILITIES | 2,203 | 1,865 |
Environmental fees relate mainly to charges for the use of water and gas emissions in conventional power plants as well as mining fees paid by the lignite mines.
The item “Other” comprises mainly payments to the Employment Pension Programme, the State Fund for Rehabilitation of Persons with Disabilities and withholdings from employee salaries.
Contract liabilities mainly include advances for deliveries and prepayments made by customers for connection to the distribution grid as well as forecasts for electricity consumption concerning future periods.
In 2020, the Group recognised revenue of PLN 165 million (PLN 119 million in 2019) that was included in the balance of contract liabilities at the beginning of the period.