Description20192018201720162015
Sales (mn PLN) 22,723 20,526 20,358 19,156 20,008
Adjusted EBITDA (mn PLN)* 5,229 4,971 5,753 4,666 4,710
Net profit (mn PLN) 1,421 1,658 1,525 -4,449 -5,009
Total assets (mn PLN) 39,409 37,237 34,122 33,442 36,764
Equity (mn PLN) 20,202 19,225 17,785 15,911 20,414
Liabilities and provisions (mn PLN) 19,207 18,012 16,337 17,531 16,350
Cash expenditures on property, plant and equipment and intangible assets
- KGHM Polska Miedź (mn PLN)		 2,366 1,907 1,991 2,604 2,481
Equity investments - KGHM Polska Miedź (mn PLN)** 485 697 490 842 76
Concentrate production cost – C1 (USD/lb) 1.70 1.81 1.59 1.41 1.59
Concentrate production cost – C1 (USD/lb) - KGHM Polska Miedź 1.74 1.85 1.52 1.30 1.47

* since 2014 adjusted EBITDA = EBIT + depreciation/amortisation (recognised in profit or loss) + impairment loss (-reversal of impairment losses) on non-current assets (recognised in cost of sales, selling costs and administrative expenses) – together with Sierra Gorda S.C.M.; for 2013 EBITDA = operating profit + depreciation/amortisation
** from 2016 acquisition of shares and investment certificates of subsidiaries and loans granted and acquisition of available-for-sale financial assets; for the years 2012-2015 purchase/acquisition of shares and investment certificates