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Integrated Annual Report 2012
The Culture of Values


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Grupa LOTOS S.A. - Integrated Annual Report 2012

20. Cash and cash equivalents

PLN '000 Dec 31 2012 Dec 31 2011 Dec 31 2010
Cash at bank 267,682 380,668 381,995
Cash in hand 362 322 273
Other cash 289 2,690 333
Total 268,333 383,680 382,601

Cash at banks bears interest at variable rates set on the basis of short-term interest rates prevailing on the interbank market. Short-term deposits are placed for various maturities, ranging from one day to one month, depending on the Group’s current cash requirement, and bear interest at the interest rates set for them.

As at December 31st 2012, the amount of undrawn funds available to the Group under working capital facilities in respect of which all conditions precedent had been fulfilled (including the working capital facility provided by Bank Syndicate (4); see Note 28) was PLN 764,086 thousand (December 31st 2011: PLN 1,621,940 thousand).

As at December 31st 2012, cash in bank accounts serving as security for the LOTOS Group’s liabilities amounted to PLN 1,484 thousand (December 31st 2011: PLN 772 thousand).


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