Promissory notes
| Beneficiary | Details | Currency | Date issued | Dec 31 2014 | Dec 31 2013 | |
|---|---|---|---|---|---|---|
| PKN Orlen S.A. | Trade credit security (trade payables) | PLN | Sep 2 2011 | 25,000 | 25,000 | |
| Polimex-Mostostal Siedlce S.A. | Security for liabilities under advance payment bond for contract with CNCCC China |
Jan 26 2005 | 2,069 (USD 590 thousand) | 1,777 (USD 590 thousand) | ||
| Director of Customs Chamber in Krakow |
Security for excise tax | PLN | Dec 20 2012 | 330 | 330 | |
| National Fund for Environmental Protection and Water Management |
Security for repayment of funds provided for implementation of ash utilization project |
PLN | Aug 9 2010 | 4,588 | 4,588 | |
| Director of Customs Chamber in Krakow |
Security for existing and future excise tax liabilities |
PLN | Aug 7 2012 | 1,050 | 1,050 | |
| National Fund for Environmental Protection and Water Management |
Security for grant repayment |
PLN | Dec 13 2013 | 358 | 358 | |
| Head of Customs Office of Nowy Sącz |
Security for excise tax | PLN | Jun 25 2014 | 200 | - | |
| National Fund for Environmental Protection and Water Management | Security for agreement on co-financing of Project No. KSI POIS.04.03.00-00-012/08 |
PLN | Dec 14 2009 | 20,000 | 20,000 | |
| Nordic Team Central Europe |
Security for lease payments | PLN | 2011 | 56 | 56 | |
| Customs Office in Opole | Security for excise tax | PLN | Dec 31 2010 | 648 | 648 | |
| 54,299 | 53,807 | |||||
* USD-denominated liabilities were translated into PLN at the USD/PLN mid rate quoted by the NBP for December 31st 2014: 3.5072
December 31st 2013: 3.0120
Blank promissory notes issued by the Grupa Azoty Group and guarantees issued by banks upon Grupa Azoty Group’s instruction as security for liabilities recognised in the statement of financial position, or liabilities with respect to which the likelihood of cash outflows connected with liability settlement is negligible, are not presented as contingent liabilities.