8.2.2 Changes of other equity items
in PLN millions, unless otherwise stated
| Other reserves from measurement of financial instruments | |||||||
|---|---|---|---|---|---|---|---|
| Investments in equity instruments measured at fair value through other comprehensive income |
Other reserves from measurement of future cash flow hedging financial instruments | Other reserves from measurement of financial instruments, total | Actuarial gains /(losses) on post-employment benefits programs | Exchange differences from the translation of statements of operations with a functional currency other than PLN |
Retained earnings | ||
| As at 1 January 2021 | (432) | (998) | (1 430) | (962) | 2 690 | 18 694 | |
| Transactions with owners – Dividend | – | – | – | – | – | (300) | |
| Profit for the period | – | – | – | – | – | 6 156 | |
| Fair value gains on financial assets measured at fair value through other comprehensive income | 22* | – | 22 | – | – | – | |
| Nota 7.2 | Impact of effective cash flow hedging transactions entered into | – | (2 431) | (2 431) | – | – | – |
| Nota 7.2 | Amount transferred to profit or loss due to settlement of hedging instruments | – | 2 064 | 2 064 | – | – | – |
| Nota 11.2 | Actuarial gains on post-employment benefits | – | – | – | 694 | – | – |
| Nota 1.2 | Exchange differences from the translation of statements of operations with a functional currency other than PLN | – | – | – | – | (71) | – |
| Nota 5.1.1 | Deferred income tax | – | 70 | 70 | (132) | – | – |
| Other comprehensive income | 22 | (297) | (275) | 562 | (71) | – | |
| Total comprehensive income | 22 | (297) | (275) | 562 | (71) | 6 156 | |
| Reclassification of the result on the disposal of equity instruments measured at fair value through other comprehensive income | – | – | – | – | – | (18) | |
| As at 31 December 2021 | (410) | (1 295) | (1 705) | (400) | 2 619 | 24 532 | |
| Transactions with owners – Dividend | – | – | – | – | – | (600) | |
| Profit for the period | – | – | – | – | – | 4 772 | |
| Fair value losses on financial assets measured at fair value through other comprehensive income | (95) | – | (95) | – | – | – | |
| Nota 7.2 | Impact of effective cash flow hedging transactions entered into | – | 1 239 | 1 239 | – | – | – |
| Nota 7.2 | Amount transferred to profit or loss due to settlement of hedging instruments | – | 432 | 432 | – | – | – |
| Nota 11.2 | Actuarial losses on post-employment benefits | – | – | – | (422) | – | – |
| Nota 1.2 | Exchange differences from the translation of statements of operations with a functional currency other than PLN | – | – | – | – | (65) | – |
| Nota 5.1.1 | Deferred income tax | 19 | (317) | (298) | 80 | – | – |
| Other comprehensive income | (76) | 1 354 | 1 278 | (342) | (65) | – | |
| Total comprehensive income | (76) | 1 354 | 1 278 | (342) | (65) | 4 772 | |
| As at 31 December 2022 | (486) | 59 | (427) | (742) | 2 554 | 28 704 | |
Based on the Act of 15 September 2000, i.e. the Commercial Partnerships and Companies Code, the Parent Entity is required to create reserve capital for any potential (future) or existing losses, to which no less than 8% of a given financial year’s profit is transferred until the reserve capital has been built up to no less than one-third of the registered share capital. The reserve capital created in this manner may not be employed otherwise than in covering the loss reported in the financial statements.
As at 31 December 2022 the statutory reserve capital in the Group’s entities amounted to PLN 806 million, of which PLN 667 million relates to the Parent Entity, and is recognised in retained earnings.
Information related to dividends paid may be found in Note 12.2.