27. Loans, borrowings, debt instruments and ather interest rate financial liabilities
| in PLN thousand | As at 31 December 2017 | As at 31 December 2016 |
| Non-current portion of secured loans and borrowings | 24 750 | 49 500 |
| Finance lease liabilities | 105 | 478 |
| Liability due to forward exchange contracts | 292 | - |
| Non-current liabilities | 25 147 | 74 570 |
| Current portion of secured loans and borrowings | 24 811 | 24 842 |
| Finance lease liabilities | 172 | 114 |
| Liability due to forward exchange contracts | 58 | 3 |
| Current liabilities | 25 041 | 24 959 |
27a. Timetable for repayment of loans and borrowings
As at 31 December 2017
| in PLN thousand | Total | up to 1 year | 1-3 years | 3-5 years |
| Bank loans, dividends and other instruments, including: | 50 188 | 25 041 | 25 147 | - |
| KOGENERACJA S.A. | ||||
| Loan from WFOŚiGW (Voivodeship Fund for Environmental Protection and Water Management) | 49 561 | 24 811 | 24 750 | - |
| Current portion of finance lease liabilities | 215 | 148 | 67 | - |
| EC Zielona Góra S.A | ||||
| Liability due to foreign currency forward contracts | 350 | 58 | 292 | - |
| Current portion of finance lease liabilities | 62 | 24 | 38 | - |
As at 31 December 2016
| in PLN thousand | Total | up to 1 year | 1-3 years | 3-5 years |
| Bank loans, dividends and other instruments, including: | 74 937 | 24 959 | 49 870 | 108 |
| KOGENERACJA S.A. | ||||
| Loan from WFOŚiGW (Voivodeship Fund for Environmental Protection and Water Management) | 74 342 | 24 842 | 49 500 | - |
| Liability due to foreign currency forward contracts | 1 | 1 | - | - |
| Current portion of finance lease liabilities | 351 | 64 | 192 | 95 |
| EC Zielona Góra S.A | ||||
| Liability due to foreign currency forward contracts | 2 | 2 | - | - |
| Current portion of finance lease liabilities | 241 | 50 | 178 | 13 |
27b. Terms and dates of repayment of loans and borrowings
As at 31 December 2017
| in PLN thousand | Currency | Nominal interest rate (in %) | Repayment year | Initial value | Carrying value |
| Secured bank loans: | |||||
| KOGENERACJA S.A.- cash-pool | PLN | WIBOR 1M+0,53 | 2018 | 250 000 | - |
| EC Zielona Góra S.A.- cash-pool | PLN | WIBOR 1M+0,53 | 2018 | 70 000 | - |
| Borrowings: | |||||
| KOGENERACJA S.A.- Loan from WFOŚiGW (Voivodship Fund for Environmental Protection and Water Management) | PLN | 3,00 | 2019 | 99 000 | 49 561 |
| Finance lease liabilities | |||||
| KOGENERACJA S.A. | PLN | 4,20 | 2020 | 342 | 215 |
| EC Zielona Góra S.A. | PLN | 2,80 | 2019 | 322 | 62 |
| Other | |||||
| Liability due to foreign currency forward contracts | EUR | - | 2019 | 350 | 350 |
| 420 014 | 50 188 |
As at 31 December 2016
| in PLN thousand | Currency | Nominal interest rate (in %) | Repayment year | Initial value | Carrying value |
| Secured bank loans: | |||||
| KOGENERACJA S.A.- cash-pool | PLN | WIBOR 1M+0,53 | 2017 | 250 000 | - |
| EC Zielona Góra S.A.- cash-pool | PLN | WIBOR 1M+0,53 | 2017 | 70 000 | - |
| Borrowings: | |||||
| KOGENERACJA S.A.- Loan from WFOŚiGW (Voivodship Fund for Environmental Protection and Water Management) | PLN | 3,00 | 2016 | 99 000 | 74 342 |
| Finance lease liabilities | |||||
| KOGENERACJA S.A. | PLN | 4,20 | 2020 | 342 | 351 |
| EC Zielona Góra S.A. | PLN | 2,80 | 2020 | 322 | 241 |
| Other | |||||
| Liability due to foreign currency forward contracts | EUR | - | 2017 | - | 3 |
| 419 664 | 74 937 |
27c. Securities on the Company's property
On 29 October 2013 KOGENERACJA S.A. concluded a loan agreement with Voivodship Fund for Environmental Protection and Water Management for the design and installation of wet flue gas desulfurization by limestone-gypsum technology in CHP Wrocław. The loan repayment and its proper handling is secured with blank promissory note of PLN 118 800 thousand, cession of trade receivables from PGE Energia Ciepła S.A. (previously EDF Polska S.A.) (receivables from the sale of electricity from PGE Energia Ciepła S.A. at 31 December 2017 amounted to PLN 33 131 thousand; at 31 December 2016: PLN 35 619 thousand) and the statement in the form of a notarial deed of voluntary submission to enforcement up to PLN 118 800 thousand.
