8.3.1 Contractual maturities for financial liabilities
in PLN millions, unless otherwise stated
Financial liabilities – as at 31 December 2022
| Maturity period | ||||||
| Contractual maturities from the end of the reporting period | up to 3 months |
over 3 months to 12 months |
over 1 to
3 years |
over 3 years |
Total (without discounting) |
Carrying amount |
| Borrowings | 803 | 390 | 946 | 1 778 | 3 917 | 3 697 |
| Debt securities liabilities | – | 174 | 699 | 2 093 | 2 966 | 2 002 |
| Lease liabilities | 27 | 63 | 165 | 1 303 | 1 558 | 744 |
| Trade payables | 3 013 | 11 | 26 | 344 | 3 394 | 3 210 |
| Similar payables – reverse factoring | 5 | 13 | – | – | 18 | 18 |
| Derivatives – currency contracts* | – | 2 | 1 | – | 3 | 146 |
| Derivatives – commodity contracts – metals* | 13 | 26 | 1 | – | 40 | 395 |
| Derivatives – interest rates | – | – | 28 | 348 | 376 | 569 |
| Embedded derivatives | 43 | – | – | – | 43 | 43 |
| Other financial liabilities | 120 | 38 | 51 | 7 | 216 | 211 |
| Total | 4 024 | 717 | 1 917 | 5 873 | 12 531 | 11 035 |
* Financial liabilities arising from derivatives are calculated at their intrinsic values excluding the discount effect.
| Overdue period | |||||
|---|---|---|---|---|---|
| Overdue liabilities | up to 1 month | over 3 months to 12 months | over 1 year to 3 years | over 3 years |
Total/Carrying amount |
| Trade payables | 12 | 3 | 36 | 1 | 52 |
The above tables regarding maturities do not include financial guarantees in the amount of PLN 969 million, which are due if there is a breach in contractual terms by parties to which the guarantees were granted and toward which the Group cannot postpone payments, that is they must be paid on demand within 3 months. Details on financial guarantees and their maturity dates were described in Note 8.6.
Financial liabilities – as at 31 December 2021
| Okresy wymagalności | ||||||
| Contractual maturities from the end of the reporting period |
up to |
over 3 months to 12 months |
over 1 to 3 years |
over |
Total (without discounting) |
Carrying amount |
| Borrowings | 118 | 370 | 1 518 | 1 598 | 3 604 | 3 303 |
| Debt securities liabilities | – | 84 | 561 | 1 910 | 2 555 | 2 001 |
| Lease liabilities | 26 | 55 | 139 | 1 231 | 1 451 | 645 |
| Trade payables | 2 749 | 118 | 25 | 353 | 3 245 | 3 106 |
| Similar payables – reverse factoring | 26 | 69 | – | – | 95 | 95 |
| Derivatives – currency contracts* | – | 1 | 1 | – | 2 | 57 |
| Derivatives – commodity contracts – metals* | 144 | 611 | 313 | – | 1 068 | 1 514 |
| Derivatives – interest rates | – | – | 20 | 294 | 314 | 431 |
| Embedded derivatives | 21 | – | – | – | 21 | 21 |
| Other financial liabilities | 242 | 16 | 22 | 13 | 293 | 292 |
| Total | 3 326 | 1 324 | 2 599 | 5 399 | 12 648 | 11 465 |
* Financial liabilities arising from derivatives are calculated at their intrinsic values excluding the discount effect.
| Overdue period | |||||
|---|---|---|---|---|---|
| Overdue liabilities | up to 1 month | over 3 months to 12 months | over 1 year to 3 years | over 3 years |
Total/Carrying amount |
| Borrowings | – | 1 | 7 | 3 | 11 |
| Trade payables | 29 | 1 | 21 | 1 | 52 |