- A +
PL EN

ESG Report of the
ENEA Capital Group for 2020

  • Operating segments

Operating segments

The Group presents segment information in accordance with IFRS 8 Operating Segments. Operating segments correspond to the reporting segments and are not aggregated. The Group’s activities are managed in operating segments that are distinct in terms of products and services. ENEA Group reports four operating segments and other activity, as shown below

Export to Excel

TRADE Purchase and sale of electricity
DISTRIBUTION Electricity distribution and transmission services.
GENERATION Generation of electricity from conventional and renewable sources, generation of industrial heat.
MINING Production and sale of coal, companies providing support services to mines.
AND
OTHER ACTIVITIES Maintenance and modernisation of road lighting equipment, transport services, repair and construction services.

 

Segment revenue is revenue generated from sales to external customers and transactions with other segments that can be directly attributed to the given segment. In 2020, within the mining segment, external customers whose shares in the Group’s external sales exceeded 10% included: Grupa Azoty Zakłady Azotowe „Puławy” (50.0%) and PGE Group (14.0%).

Segment costs include the cost of sales to external customers and costs of transactions with other segments within the Group that result from the operating activities of a given segment and can be directly attributed to the given segment. Market prices are applied to inter-segment transactions, which makes it possible for units to generate margins sufficient to independently operate on the market. In analysing segment results, the Group especially focuses on EBITDA.

EBITDA is defined as operating profit (calculated as result before tax adjusted by the share of results of associates and jointly controlled entities, impairment of financial assets at amortised cost, impairment of investments in associates and jointly controlled entities, finance income, dividend income and finance costs) plus amortisation and impairment of non-financial non-current assets.

Rules for determining segment results and segment assets and liabilities are in compliance with the accounting rules used in preparing consolidated financial statements.

In the third quarter of 2020, ENEA Logistyka Sp. z o.o. became a subsidiary of ENEA Operator Sp. z o.o. According to the Parent’s Management Board, placing this company in the distribution segment better reflects the nature of its business. This is why the revenue, costs, assets and liabilities of ENEA Logistyka Sp. z o.o. are presented in these consolidated financial statements in the distribution segment rather than in the other activities segment. The comparative period in notes concerning segments was also appropriately restated.

Information on geographic segments

The Group’s activities in 2020 and 2019 were in one geographic segment, i.e. in Poland, and all of its assets were located in Poland.

Segment results:

Segment results for the period from 1 January to 31 December 2020 are as follows:

Export to Excel

TRADE DISTRIBUTION GENERATION MINING OTHER ACTIVITY EXCLUSIONS TOTAL
Net revenue from sales 6 749 844 3 190 313 7 855 482 267 094 113 772 − 18 176 505
Inter-segment sales 3 585 598 37 829 565 189 1 545 731 354 936 (6 089 283) −
Total net revenue from sales 10 335 442 3 228 142 8 420 671 1 812 825 468 708 (6 089 283) 18 176 505
Compensations 3 284 − − − − − 3 284
Revenue from operating leases and subleases − − 603 9 287 4 925 (50) 14 765
Revenue from sales and other income 10 338 726 3 228 142 8 421 274 1 822 112 473 633 (6 089 333) 18 194 554
Total costs (10 355 101) (2 548 287) (10 864 630) (1 694 685) (459 548) 6 093 093 (19 829 158)
Segment result (16 375) 679 855 (2 443 356) 127 427 14 085 3 760 (1 634 604)
Depreciation/amortisation (1 540) (633 451) (569 439) (336 549) (73 371)
Impairment losses on non-financial non-current assets − − (3 403 993) (6 161) −
Segment result – EBITDA (14 835) 1 313 306 1 530 076 470 137 87 456
% of revenue from sales and other income (0,1%) 40,70% 18,20% 25,80% 18,50%
Unallocated costs at Group level (administration expenses) (71 655)
Operating loss (1 706 259)
Finance costs (346 336)
Finance income 54 346
Dividend income 283
Impairment of financial assets at amortised cost (144 014)
Share of results of associates and jointly controlled entities (332 361)
Impairment of investments in associates and jointly controlled entities (129 208)
Income tax 369 212
Net loss (2 234 337)
Share of profit attributable to non-controlling interests 34 075

Segment results:

Segment results for the period from 1 January to 31 December 2019 are as follows:

Export to Excel

TRADE DISTRIBUTION GENERATION MINING OTHER ACTIVITY EXCLUSIONS Total
Net revenue from sales 7 377 688 2 922 390 5 082 660 314 635 98 925 − 15 796 298
Inter-segment sales 2 260 086 44 471 2 989 230 1 840 921 345 481 (7 480 189) −
Total net revenue from sales 9 637 774 2 966 861 8 071 890 2 155 556 444 406 (7 480 189) 15 796 298
Compensations 597 163 − 115 − − − 597 278
Revenue from operating leases and subleases − − 340 2 302 5 151 (71) 7 722
Revenue from sales and other income 10 234 937 2 966 861 8 072 345 2 157 858 449 557 (7 480 260) 16 401 298
Total costs (10 286 317) (2 473 819) (7 041 787) (1 739 665) (423 242) 7 416 425 (14 548 405)
Segment result (51 380) 493 042 1 030 558 418 193 26 315 (63 835) 1 852 893
Depreciation/amortisation (1 711) (603 664) (553 534) (352 984) (61 295)
Impairment losses on non-financial non-current assets − 4 279 (10 050) 250 −
Segment result – EBITDA (49 669) 1 092 427 1 594 142 770 927 87 610
% of revenue from sales and other income (0,5%) 36,8% 19,8% 35,7% 19,5%
Unallocated costs at Group level (administration expenses) (68 766)
Operating loss 1 784 127
Finance costs (369 234)
Finance income 63 890
Dividend income 201
Impairment of financial assets at amortised cost (65 771)
Share of results of associates and jointly controlled entities (482 165)
Impairment of investments in associates and jointly controlled entities (59 777)
Income tax (330 574)
Net loss 540 697
Share of profit attributable to non-controlling interests 117 492

 

Other information concerning segments as at 31 December 2020 and for the 12-month period ended on that date is as follows:

Export to Excel

Trade Distribution Generation Mining Other Activity Exclusions Total
Property, plant and equipment 14 392 9 889 504 5 978 596 3 158 735 368 500 (515 537) 18 894 190
Trade and other receivables 1 421 069 313 950 735 455 268 999 93 293 (630 881) 2 201 885
Costs related to the conclusion of agreements 24 684 − − − − − 24 684
Assets arising from contracts with customers 127 988 206 426 18 − 311 (12 297) 322 446
Total 1 588 133 10 409 880 6 714 069 3 427 734 462 104 (1 158 715) 21 443 205
ASSETS excluded from segments 8 446 658
– including property, plant and equipment 9 532
– including trade and other receivables 2 687
TOTAL ASSETS 29 889 863
Trade and other payables 338 466 526 855 625 379 244 462 204 054 (351 012) 1 588 204
Liabilities arising from contracts with customers 324 455 222 155 − 1 329 1 689 (292 166) 257 462
Total 662 921 749 010 625 379 245 791 205 743 (643 178) 1 845 666
Equity and liabilities excluded from segments 28 044 197
– including trade and other payables 582 515
TOTAL EQUITY AND LIABILITIES  29 889 863
For the year ended 31 December 2020
Investment expenditures on property, plant and equipment and intangible assets 627 1 128 385 531 754 612 461 47 395 (55 566) 2 265 056
Investment expenditures on property, plant and equipment and intangible assets excluded from segments −
Depreciation/amortisation 1 540 633 451 569 439 336 549 73 371 (18 530) 1 595 820
Amortisation excluded from segments 2 243
Recognition/(reversal/use) of impairment losses on receivables 4 095 (11 429) (10 143) (1 100) 445 (117) (18 249)
Recognition of impairment losses on non-financial non-current assets − − 3 403 993 6 161 − − 3 410 154

 

Other information concerning segments as at 31 December 2019 and for the 12-month period ending on that day is as follows:

Export to Excel

Trade Distribution Generation Mining Other Activity Exclusions Total
Property, plant and equipment 14 777 9 286 046 9 399 673 2 877 136 370 997 (487 292) 21 461 337
Trade and other receivables 1 276 901 311 253 1 068 321 245 030 86 534 (891 869) 2 096 170
Costs related to the conclusion of agreements 25 395 − − − − − 25 395
Assets arising from contracts with customers 119 665 214 946 388 − 504 (5 056) 330 447
Total 1 436 738 9 812 245 10 468 382 3 122 166 458 035 (1 384 217) 23 913 349
ASSETS excluded from segments 8 930 505
– including property, plant and equipment 9 467
– including trade and other receivables 48 259
TOTAL ASSETS 32 843 854
Trade and other payables 562 020 468 229 873 069 251 396 194 856 (396 943) 1 952 627
Liabilities arising from contracts with customers 512 613 101 221 − 444 1 405 (499 982) 115 701
Total 1 074 633 569 450 873 069 251 840 196 261 (896 925) 2 068 328
Equity and liabilities excluded from segments 30 775 526
– including trade and other payables 80 588
TOTAL EQUITY AND LIABILITIES  32 843 854
For the year ended 31 December 2020
Investment expenditures on property, plant and equipment and intangible assets 722 986 337 788 326 409 507 84 841 (36 992) 2 232 741
Investment expenditures on property, plant and equipment and intangible assets excluded from segments −
Depreciation/amortisation 1 711 603 664 553 534 352 984 61 295 (27 094) 1 546 094
Amortisation excluded from segments 2 174
Recognition/(reversal/use) of impairment losses on receivables (5 560) 1 610 (822) 724 (353) 141 (4 260)
Recognition of impairment losses on non-financial non-current assets − (4 279) 10 050 (250) − − 5 521
Previous page
7. Functional currency and transactions in foreign currencies
Next page
Impairment of non-financial assets

Search results