Note
In the period ended 31 December 2016, the Group signed contracts concerning the continuation of previously launched and new investment projects. The contracts for realisation of the investment projects comprise construction, mechanical, electric, design and supervision services.
The most significant contracted investment liabilities include:
| As at 31.12.2016 | As at 31.12.2015 | |
|---|---|---|
| Construction of Polyamide Plant II | 66 980 | 74 128 |
| Construction of a new heat and power plant | 59 824 | 138 870 |
| Exhaust gas treatment system and modernisation | 49 485 | 2 232 |
| Raw gas compressor | 17 246 | - |
| Modernisation of a turbine and its auxiliary equipment | 12 710 | - |
In total, the Group is committed to incur capital expenditure of PLN 366 394 thousand
as at 31 December 2016 (31 December 2015: PLN 581 773 thousand).
Additionally, in the agreement on the acquisition of Grupa Azoty SIARKOPOL S.A. (with further annexes thereto), the Group has committed to incur capital expenditures in this entity of no less than PLN 30 million by 2019.
The translated consolidated financial statements of Grupa Azoty Group for the 12-month period ended 31 December 2016 contain 111 pages.