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Major products, goods and services

Structure of the sales revenue of ELEKTROBUDOWA Group

SALES REVENUE2017 rok2016 rokChange
amountshare %amountshare %amount%
in PLN’000in PLN’000in PLN’000change
Construction and erection services 719 943 79,7 809 222 83,3 (89 279) spadek 11,0
Electrotechnical products 159 875 17,7 133 492 13,7 26 383 wzrost 19,8
Other services 21 150 2,4 24 735 2,6 (3 585) spadek 14,5
Materials 1 933 0,2 4 031 0,4 (2 098) spadek 52,0
Total 902 901 100,0 971 480 100,0 (68 579) spadek 7,1

File in XLSX format 
Sales revenue file .xlsx11,4 kB

Revenue from sales of construction and erection service

The Group uses the percentage of completion method in accounting its long-term contracts. The difference between actually received (invoiced) revenue and the revenue resulting from establishing the revenue proportionally to the stage of completion is presented by the Group in the items “Amounts due from customers for construction contract work” (assets) and “Amounts due to customers for construction contract work” (liabilities).

Total amount due from customers for construction contract work as at 31 December 2017 was 163 401 thousand PLN. The major items referred to the following contracts:

turnkey engineering, procurement and construction of the Metathesis Unit in the Production Plant of PKN ORLEN S.A. in Płock for PKN Orlen S.A. 67 281 thous. PLN Contract price: 247 498 thousand PLN. Scheduled completion date: 31 July 2018.
performance of works for the project: „Construction of power units 5 and 6 in the Opole Power Plant” for Polimex Opole sp. z o.o. sp.k. 27 404 thous. PLN Contract price: 72 003 thousand PLN. Scheduled completion date: 31 March 2019. The scope of works has been increased under the contract amendments.
extension and modernization of Byczyna electrical substation, including connection of the 400kV line, for PSE S.A. 13 849 thous. PLN Contract price: 215 000 thousand PLN. In March 2017 an amendment changing the deadline for completion was signed. The new deadline is 31 December 2018. The amendments has not changed the scope of works or the contract price.
modernization of the 220/110kV Konin station for Polskie Sieci Elektroenergetyczne S.A. 13 354 thous. PLN Contract price: 114 490 thousand PLN. Scheduled completion date: 30 May 2020. The works are being performed according to the schedule of works and expenditures.

Total amount due to customers for construction contract work as at 31 December 2017 was 110 091 thousand PLN, most of which concerned the following contracts:

  • supply of electrical systems form the construction of the supercritical 910MW power unit in the power station Jaworzno III - Power Pant II for Emerson Progress Management, Power and Water Solution Sp. z o.o.
  • supply, erection and commissioning of electrical and I&C components and systems for the Nuclear Power Plant Olkiluoto, Finland for AREVA NP GmbH
  • performance of building works relating to the project „Modernization of the Polypropylene 3 (PP3) plant and NPP Logistics Platform” for Basell Orlen Polyolefin sp. z o.o.
  • engineering and erection of electrical, lighting, receptacle and other installations relating to the construction of a new power unit in the Jaworzno III Power Plant – Power Plant II for PBG OIL AND GAS sp. z o.o.
  • supply of the electrical in Lotos Gdańsk - project BPLK 214 and 224 for Elektromontaż Gdańsk S.A. 
  • Redevelopment of the Mennicza electrical substation for Tauron Dystrybucja S.A.

During the reporting period, the invoiced sales of construction and erection services amounted to 787 211 thousand PLN and concerned mainly the following contracts:

extension and modernization of Byczyna electrical substation, including connection of the 400kV line, for PSE S.A 136 290 thous PLN
supply, erection and commissioning of electrical and I&C components and systems for the Nuclear Power Plant Olkiluoto, Finland for AREVA NP GmbH 126 520 thous PLN
turnkey engineering, procurement and construction of the Metathesis Unit in the Production Plant of PKN ORLEN S.A. in Płock for PKN Orlen S.A. 96 355 thous PLN
supply of electrical systems for the construction of the supercritical 910MW power unit in the power station Jaworzno III - Power Pant II for Emerson Progress Management, Power and Water Solution Sp. z o.o. 73 340 thous PLN
extension and modernization of Skawina 220/110kV electrical substation including connection to 2x2x400kV line for PSE S.A. 57 700 thous PLN
performance of works for the project: „Construction of power units 5 and 6 in Opole power plant” for Polimex Opole sp. z o.o. sp.k. 23 046 thous PLN
construction of Aegis Missile Defense System Complex, European Phased Adaptive Approach, Phase III Construction Contract in Redzikowo, Poland for Amec Foster Wheeler Environment & Infrastructure, Inc. 21 784 thous PLN

Revenue from sale of products

Breakdown of sales of goods by products is presented in the table below:

STRUCTURE OF REVENUE FROM SALE OF GOODS2017 rok2016 rok
amountshareamountshare
in PLN’000w %in PLN’000w %
Medium voltage switchgear 91 068 39,2 102 197 45,8
Low voltage switchgear 40 528 17,5 27 671 12,4
Busducts 52 875 22,8 31 208 14,0
OPTIMA switchgear 15 260 6,6 16 889 7,6
Mobile substations 16 002 6,9 6 159 2,8
Other products 16 375 7,0 38 936 17,4
Total 232 108 100,0 223 060 100,0

File in XLSX format 
Structure of revenue from sale of goods file .xlsx12,3 kB

In 2017, the biggest sale of products invoiced in the amount of 17 036 thousand PLN referred to the supply and installation of busducts, MV-Package P-33 for the construction of power units 5 and 6 at the site of the Opole Power Plant for Polimex Mostostal Opole sp. z o.o.


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