Nota 30 Capital commitments
In the period ended 31 December 2015, the Group signed contracts concerning the continuation of previously launched and new investment projects. The contracts for realisation of the investment projects comprise construction, mechanical, electric, design and supervision services.
The most significant contracted investment include:
| As at 31.12.2015 |
As at 31.12.2014 |
|
|---|---|---|
| Construction of a new heat and power plant | 138 870 | 262 400 |
| Construction of Polyamide Plant II | 74 128 | 83 722 |
| Construction of installation of mechanical granulation II | 49 626 | 16 538 |
| Modernisation of the process of ammonia synthesis | 45 161 | – |
| Construction of the installation of flue gas desulphurisation | 29 689 | – |
| Construction of the installation of flue gas denitrification | 23 689 | – |
| Construction of condensing extraction turbine | 23 360 | 44 105 |
| Intensification of ammonia production capacity | 20 337 | – |
| Modification of the DA-HF phosphoric acid production technology | 17 934 | – |
| Delivery of the technology, equipment and services for the flue gas desulphurization plant | 17 526 | – |
In total, the Company is committed to incur capital expenditure of PLN 581 773 thousand as at 31 December 2015 (31 December 2014: PLN 526 986 thousand).
Additionally, in the agreement on the acquisition of Grupa Azoty SIARKOPOL S.A. (with further annexes thereto), the Group has committed to incur capital expenditures in this entity of no less than PLN 30 million by 2019.
