| Balance as at 31.12.2016 | Number of shares | Nominal value per share (in PLN) | Carrying amount |
|---|---|---|---|
| Series of shares | |||
| “A” series | 295 987 473 | 1 | 295 988 |
| “B” series | 41 638 955 | 1 | 41 639 |
| “C” series | 103 816 150 | 1 | 103 816 |
| Total number of shares | 441 442 578 | ||
| Total share capital | 441 443 | ||
| Share capital (face value) | 441 443 | ||
| Capital from business combination | 38 810 | ||
| Hyperinflation adjustment of share capital | 107 765 | ||
| TOTAL SHARE CAPITAL | 588 018 | ||
| Share premium | 3 632 464 | ||
| Retained earnings | 7 946 612 | ||
| Reserve capital from valuation of hedging instruments | 33 826 | ||
| Financial instruments revaluation reserve | 744 | ||
| Other capital | (25 652) | ||
| Non-controlling interests | 835 717 | ||
| TOTAL EQUITY | 13 011 729 |
| Balance as at 31.12.2015 | Number of shares | Nominal value per share (in PLN) | Carrying amount |
|---|---|---|---|
| Series of shares | |||
| “A” series | 295 987 473 | 1 | 295 988 |
| “B” series | 41 638 955 | 1 | 41 639 |
| “C” series | 103 816 150 | 1 | 103 816 |
| Total number of shares | 441 442 578 | ||
| Total share capital | 441 443 | ||
| Share capital (face value) | 441 443 | ||
| Capital from business combination | 38 810 | ||
| Hyperinflation adjustment of share capital | 107 765 | ||
| TOTAL SHARE CAPITAL | 588 018 | ||
| Share premium | 3 632 464 | ||
| Retained earnings | 7 158 352 | ||
| Reserve capital from valuation of hedging instruments | 3 980 | ||
| Financial instruments revaluation reserve | 814 | ||
| Other capital | (45 883) | ||
| Non-controlling interests | 784 858 | ||
| TOTAL EQUITY | 12 122 603 |
Lubelski Węgiel Bogdanka S.A. launched in 2013 the Management Options Programme. The Programme was launched for the period 2013-2017. Exercise of the options is subject to certain conditions.
As at 31 December 2016, the number of the options granted under the Programme was 1 143 863 and the total value of the Management Stock Options Programme amounted PLN 3 839 thousand (31 December 2015: PLN 13 642 thousand). The number of options vested for years 2013-2014 equal 335 199. In the current period, on the basis of the carried out analyses, the absence of the possibility of achieving of the non-market targets required under the Programme was determined and, as a result, the options worth PLN 5 913 thousand were declared forfeit. As a result, the total costs of the programme as at 31 December 2016 under “Retained earnings” were PLN 3 839 thousand (as at 31 December 2015: PLN 9 752 thousand).
In 2015 PLN 5 913 thousand was presented as payroll expenses (2015: PLN 1 409 thousand).
