Integrated Annual Report 2014

← Statement Notes index

20. Cash and cash equivalents

PLN ’000 Dec 31 2014
Dec 31 2013
Jan 31 2013
Cash at bank 345,493 494,729 265,473
Cash in hand 400 335 342
Other cash 2,322 775 289
Total cash and cash equivalents in the statement of financial position 348,215 495,839 266,104
Overdraft facilities (514,902) (498,914) (508,988)
Total cash and cash equivalents in the statement of cash flow (166,687) (3,075) (242,884)

Cash at banks bears interest at variable rates linked to short-term interest rates prevailing on the interbank market. Short-term deposits are placed for a range of maturities, from one day to one month, depending on the Group’s current cash needs, and bear interest at interest rates set for them.

As at December 31st 2014, the amount of undrawn funds available to the Group under working capital facilities in respect of which all conditions precedent had been fulfilled (including the working capital facility provided by Bank Syndicate (4) (see Note 27.1) was PLN 676,138 thousand (December 31st 2013: PLN 683,147 thousand).

As at December 31st 2014, cash in bank accounts serving as security for the LOTOS Group’s liabilities was PLN 3,197 thousand  (December 31st 2013: PLN 2,629 thousand).

The Notes to the consolidated financial statements are an integral part of the statements.
(This is a translation of a document originally issued in Polish)