No notes
Basket is empty
Send to printer
Delete
ANNUAL
REPORT
2018

10.2. Future contractual liabilities and operating lease liabilities

Tools

Future contractual liabilities

Future contractual liabilities incurred on the dates ending the reporting periods that are not included in the consolidated statement of financial position include:

31.12.2018 31.12.2017
Contractual liabilities incurred to purchase property, plant and equipment and intangible assets 694.4 490.2
Other 33.4 9.2
TOTAL 727.8 499.4

Operating lease liabilities – Group as lessee (user)

The Group as a lessee has concluded non-cancellable operating lease agreements as at 31 December 2018 and 31 December 2017. The Group uses property, plant and equipment, including, without limitation: longwall shearers, heading machines and mining machines, under operating lease agreements (lease, hire).

As at 31 December 2018, the cost of leasing fees under operating leases (lease or hire agreements) is PLN 137.3 million (PLN 110.6 million as at 31 December 2017).

The total amounts of future leasing fees under operating lease agreements are:

31.12.2018 31.12.2017
Up to 1 year 80.9 132.6
Between 1 and 5 years 141.1 159.7
Over 5 years 19.7 34.2

The Group also classifies perpetual usufruct right to land acquired gratuitously as an operating lease. The fees for perpetual usufruct right to land captured in the consolidated result as at 31 December 2018 are PLN 6.2 million (PLN 6.6 million as at 31 December 2017).

Future fees for the perpetual usufruct right to land:

31.12.2018 31.12.2017
Up to 1 year 7.5 5.8
Between 1 and 5 years 23.3 22.7
Over 5 years 316.3 306.7

The liabilities arising from the right of perpetual usufruct right to land are estimated on the basis of annual rates arising from the most recent administrative decisions and the useful life of the land covered by that right.

Search results: