The Board of the Polish Energy Group (PGE) announced on Friday that work was completed on testing for the loss of material values of durable assets in the company. These are segments: conventional and renewable energy.
“The results of the tests indicate loss of the balance sheet value of selected material assets of fixed assets of the PGE capital group in the amount of approx. PLN 9.1 billion” – we read in a message. Almost all falls on conventional energy (PLN 8.7 billion).
PGE also indicates that at the same time the need was identified in the course of the work reduction of the value of the assets for tax deferred in the conventional energy segment of approx. PLN 2.5 billion.
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The state giant informs that corrections updating the value of material fixed assets and assets for the deferred tax will be included in the consolidated financial statements for the first half of 2025. Its content will be published on September 9.
PGE emphasizes that the above events have Non -accessory nature. They will reduce the gross result of the PGE capital group for the first half of 2025 by about PLN 9.1 billion and the net result of about PLN 11.6 billion.
The presented quantities are estimated and may change.
PGE loses billions in conventional energy
Conventional energy, in which PGE has the greatest losses in assets, is the energy department based on traditional energy sources, mainly from fossil fuels, such as hard coal, brown coal, oil and natural gas. As part of it, electric and thermal energy is produced by burning these raw materials in thermal power plants.
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A characteristic feature of conventional energy is a large impact on the environment – mainly the emission of carbon dioxide, dust and other impurities.
