Amendment of the consolidated half-year report for the first half of 2017

Thursday, 09 November, 2017
32/2017

The Management Board of KGHM Polska Miedź S.A., in reference to regulatory filing no. 28/2017, announces that an amended consolidated half-year report PSr for the first half of 2017 will be published today. The amendment of the report is a result of the correction of the judgment on the functional currency of the subsidiary Future 1 Sp. z o.o. and its change from the Polish zloty (PLN) to the US dollar (USD) for the purposes of the consolidated financial statements.

Below, we present in brief the impact of the aforementioned change on the consolidated half-year report for the first half of 2017:

–    an increase in profit for the period from PLN 494 million to PLN 1 054 million – a change in the amount of PLN 560 million,

–    a decrease in other comprehensive income from PLN 981 million to PLN 333 million – a change in the amount of PLN 648 million,

–    a decrease in deferred tax assets from PLN 460 million to PLN 372 million – a change in the amount of PLN 88 million.

Legal basis: § 6 sec. 4 of the Decree of the Minister of Finance dated 19 February 2009 regarding current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (unified text: Journal of Laws 2014.133 with subsequent amendments)

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