⁽¹⁾ Including PLN 629,443  thousand in liabilities related to excise duty and fuel charge (December 31st 2011: PLN 728,310 thousand).

⁽¹⁾ Effect of the acquisition of control over UAB Manifoldas by AB LOTOS Geonafta; for more information see Note 2.

⁽²⁾ Effect of the acquisition of control over AB Geonafta (currently AB LOTOS Geonafta); for more information see Note 2 to the consolidated financial statements for 2011.

⁽¹⁾ As at December 31st 2012, the Management Board of LOTOS Petrobaltic S.A. analysed the costs of decommissioning of the offshore oil and gas facilities in the B-3 and B-8 mining areas. It was concluded that in 2012 the costs to be incurred in the future on decommissioning of the offshore oil and gas facilities in the B-3 and B-8 mining areas increased  due to a change in the expected expenditure caused by price changes - by PLN 11,823 thousand (December 31st 2011: PLN 2,967 thousand), and due to the passage of time and the related change in the time value of money - by PLN 7,358 thousand (December 31st 2011: PLN 8,760 thousand), charged to finance costs in 2012. Another change in the provision resulted from the fact that an amount corresponding to the contributions calculated and transferred to the bank account of the Oil and Gas Facility Decommissioning Fund (created pursuant to the Geological and Mining Law of February 4th 1994 and the Minister of Economy’s Regulation of June 24th 2002) was released from the provision. For 2012, this amount totalled PLN 1,886 thousand (2011: PLN 1,898 thousand). Cash in the bank account of the Oil and Gas Facility Decommissioning Fund amounted to PLN 27,481 thousand as at December 31st 2012 (December 31st 2011: PLN 24,491 thousand). In the consolidated statement of financial position the Oil and Gas Facility Decommissioning Fund is disclosed under other non-current assets. As at December 31st 2012, LOTOS Petrobaltic S.A. also recognised a liability of PLN 27,481 thousand (December 31st 2011: PLN 24,491  thousand) for calculated costs of future decommissioning of oil and gas facilities. In the consolidated statement of financial position the liability is disclosed under other non-current liabilities and provisions. As at December 31st 2012, the provision for decommissioning of the offshore oil and gas facilities in the B-3 and B-8 mining areas totalled PLN 180,817 thousand (December 31st 2011: PLN 163,522 thousand).

As at December 31st 2012, LOTOS Exploration and Production Norge AS recognised PLN 117,132  thousand (NOK 210,974 thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for that day) provision for future costs of decommissioning of offshore oil and gas facilities at the YME field..  As at December 31st 2011 it was PLN 59,064 thousand  (NOK 104,060 thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for that day). The liquidation of the offshore oil and gas facilities at the YME field and land reclamation are scheduled for 2029. In 2012, the provision was increased by an upward adjustment in the estimated future costs amounting to PLN 56,506 thousand (NOK 101,012  thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for the period) and by a discount representing the estimated changes in the time value of money, amounting to PLN 3,324 thousand (NOK 5,942 thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for the period). As at December 31st 2011 this provision was increased by PLN 20,333 thousand (NOK 35,823 thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for the period) and by a discount representing the estimated changes in the time value of money, amounting to PLN 3,193 thousand (NOK 3,864 thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for the period). The amount of the provision also changed due to its actual use – by PLN 22 thousand (NOK 40 thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for the period). As at December 31st 2011 it changed due to its actual use by PLN 15 thousand (NOK 27 thousand, translated at the mid-exchange rate quoted by the National Bank of Poland for the period).

⁽¹⁾ Licences obtained by Grupa LOTOS S.A. free of charge in connection with the IGCC project, in respect of which impairment losses of PLN 19,352 thousand were recognised in 2011 (see Note 13 ).