Direct economic value generated taking into account income, operating costs, employee remuneration, subsidies and other investments for the community, undistributed profits, and payments to capital owners and state institutions
Income (all income and profits included in the financial statements)
Operating expenses (value in PLN)
Operating expenses (taking into account the exclusions shown) (value in PLN)
Operating expenses (taking into account the exclusions shown)
Payroll, social security and other benefits
Investment in communities*
Payments to investors (value in PLN)
Payments to the state (value in PLN)
Profit distribution payment
Retained value (value in PLN)
* We carry on a regulated activity, generating our core income from the transmission tariff approved by the President of ERO. In practice, this means that we have limited capabilities to develop social engagement programmes, in particular by making donations to public benefit organisations and other organisations, which influences the scale of investment in communities.
** In 2018, 69 percent of PSE’s interest expense was remitted directly to the state budget, and in 2017 it was 76 percent.