Integrated report 2021

35. Glossary of terms and abbreviations

Presented below is a set of the most frequently used terms and abbreviations in these consolidated financial statements.

Abbreviation Full term
CCIRS Cross Currency Interest Rate Swap
CGU Cash Generating Unite
EBIT Earnings Before Interest and Taxes
EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization
EPS 550 Carbon dioxide emission criterion per unit of electricity produced, introduced as part of the so-called „Winter Package”, conditioning the participation of generating units in the capacity market – this limit is 550 gCO2/kWh.
EUA European Union Allowances
EWB2, 3 ……. Elektrownia Wiatrowa Baltica–2 sp. z o.o., Elektrownia Wiatrowa Baltica–3 sp. z o.o.
MLF Mine Liquidation Fund
GIR Exchange Clearinghouse
PGE Group, Group PGE Polska Grupa Energetyczna S.A. Group
IRGiT Izba Rozliczeniowa Giełd Towarowych S.A.
IRS Interest Rate Swap
LTC Long-term capacity and electricity sale contracts
IFRIC Interpretations by the IFRS Interpretations Committee
KOGENARACJA S.A. Zespół Elektrociepłowni Wrocławskich KOGENARACJA S.A.
NPS National Power System
IFRS International Financial Reporting Standards
IFRS EU International Financial Reporting Standards approved by the European Union
NABE Narodowa Agencja Bezpieczeństwa Energetycznego S.A.
NFOŚiGW National Fund for Environmental Protection and Water Management
Investment property Investment property
TSO Transmission System Operator
BCP Business Continuity Plan
Right-of-use assets Right-of-use assets
PGE S.A., Company, Parent PGE Polska Grupa Energetyczna S.A.
PGE EC S.A. PGE Energia Cieplna S.A.
PGE EO S.A. PGE Energia Odnawialna S.A.
PGE PGK Tax group
PGG S.A. Polska Grupa Górnicza S.A.
PGNiG Polskie Górnictwo Naftowe i Gazownictwo S.A.
Perpetual usufruct of land Right of perpetual usufruct of land
Property, plant and equipment Property, plant and equipment
Financial statements, consolidated financial statements PGE Group’s consolidated financial statements
TGE Towarowa Giełda Energii
URE Urząd Regulacji Energetyki (Energy Regulatory Office)
WACC Weighted Average Cost of Capital
Voivodship Fund for Environmental Protection and Water Management (WFOŚiGW) Voivodship Fund for Environmental Protection and Water Management
Intangible assets Intangible assets
Organised part of enterprise Organised part of enterprise
Social Fund Social Fund
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