Financial statements of JSW S.A. for 2012
1.1. Name, registered office and line of business
Jastrzębska Spółka Węglowa S.A. (“Company”; “JSW S.A.”) was established on 1 April 1993. On 17 December 2001, JSW S.A. was entered in the National Court Register kept by the District Court in Gliwice, 10th Commercial Division of the National Court Register, under file number KRS 0000072093. The Company has been given the following statistical number: REGON 271747631. The Company’s registered office is located at Al. Jana Pawła II 4 in Jastrzębie-Zdrój. The Company's shares are publicly traded since 6 July 2011.
The Company is the parent company in the JSW S.A. Capital Group (“Group”, “Capital Group”) consisting of JSW S.A. and its subsidiaries. The Group has drawn up its consolidated financial statements for the 12 months ended 31 December 2012.
The Company’s core business is:
black coal mining,
sale of coke and hydrocarbons.
Statement of financial position Statement of comprehensive income Statement of changes in equity Cash flow statement 1.1. Name, registered office and line of business 1.2. Approval of the financial statements 1.3. Going concern assumption 2. Description of significant accounting policies applied 2.1. Basis for drawing up the financial statements 2.2. Measurement of items in foreign currencies 2.3. Property, plant and equipment 2.4. Investment property 2.5. Intangible assets 2.6. Impairment of non-financial assets 2.7. Investments in subsidiaries, associates and joint ventures 2.8. Financial assets 2.9. Derivatives 2.10. Inventories 2.11. Cash and cash equivalents 2.12. Share capital 2.13. Trade liabilities and other liabilities 2.14. Loans and borrowings 2.15. Current and deferred income tax 2.16. Employee benefits 2.17. Provisions 2.18. Subsidies 2.19. Contingent items 2.20. Revenues 2.21. Costs 2.22. Cost of external funding 2.23. Lease 2.24. Dividend payment 3.1. Financial risk factors 3.2. Capital risk management 3.3. Estimation of fair value 4. Significant accounting estimations and judgments 5.1. Employee package for eligible employees 5.2. Employee package for ineligible employees 6. Property, plant and equipment 7. Intangible assets 8. Investment property 9. Investments in subsidiaries, co-subsidiaries and associates 10. Financial instruments by type 11. Other long-term assets 12. Financial derivatives 13. Inventories 14. Trade receivables and other receivables 15. Other short-term financial assets 16. Cash and cash equivalents 17. Share capital 18. Retained earnings 19. Deferred income tax 20. Employee benefit liabilities 21. Provisions 22. Trade liabilities and other liabilities 23. Future contractual liabilities and operating lease liabilities 24. Sales revenues 25. Costs by type 26. Other income 27. Disputed property tax on underground mine workings 28. Other costs 29. Other net profits 30. Financial income and costs 31. Income tax 32. Dividends paid and proposed 33. Net cash inflows on operating activity 34. Contingent items 35. Transactions with related entities 36. Events taking place after the final day of the reporting period
