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As at 31 December 2016, GPW no longer applied hedge accounting. As at 31 December 2015, hedging covered cash flows under the agreement concerning the acquisition of a licence and delivery of a new trading system (UTP-Derivatives). The Company classified the EUR amount maintained for this purpose as a hedging instrument. The FX differences on the carrying value of the amount were recognised, as of 1 January 2012, in equity rather than in financial income and expenses. In 2015, the FX differences in equity were positive at PLN 0.1 million.
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