Nota 26.6 Hedge accounting
Since 28 September 2015, the Group applies cash flow hedge. The hedged item are future, highly probable inflows from sales in EUR that will be recognized in the statement of profit or loss from December 2018 to June 2025. The risk being hedged against is the currency risk.
The hedging item is the foreign currency loan in EUR, with a nominal value of EUR 50 million as at 31 December 2015, which will be repaid in the period from December 2018 to June 2025 in 14 equal, semi-annual instalments of EUR 3,571 thousand each. The loan’s fair value as at 31 December 2015 amounts to PLN 213 394 thousand. The Group recognised in 2015 PLN 65 thousand being an effective portion of hedge in the hedging reserve. In 2015, the Group did not reclassify any amounts relating to hedge accounting from other comprehensive income to the statement of profit or loss.
