7.2 Costs by nature and function


Cost of sales

Cost of goods sold includes:

  • production costs incurred in the reporting period adjusted for related changes in inventories (finished goods, semi-finished products and production in progress) and costs related to production of goods for own use,
  • value of electricity, goods and materials sold at cost,
  • changes in the fair value of financial instruments related to coal measured at fair value, as well as changes in the valuation of coal stocks measured at fair value.

Production costs directly attributable to the revenue generated by the entities affect the Group’s financial result for the reporting period in which the revenue occurred.

Production costs that are only indirectly attributable to revenue or other economic benefits generated by the Group affect the Group’s profit or loss for the part of the reporting period, ensuring that they are commensurate with revenue or other economic benefits.

(in PLNm) Year ended
December 31, 2022
Year ended
December 31, 2021
restated data
Depreciation, amortisation and impairment losses 4.371 4.419
Materials and energy 11.348 5.993
External services 2.787 2.499
Taxes and fees 23.278 13.988
Employee benefits expenses 6.092 5.098
Other costs by nature 436 365
TOTAL COST BY NATURE  48.312  32.362 
Change in product inventories (7) 4
Cost of products and services for internal purposes (689) (563)
Distribution and selling expenses (2.012) (1.515)
General and administrative expenses (1.382) (1.028)
Cost of goods and materials sold 23.472 19.903
COST OF SALES  67.694  49.163 

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