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Social service fund assets, and liabilities to the Company Social Benefits Fund

The Act on Employee Benefits Fund of 4 March 1994, as amended, stipulates that each employer of more than 20 employees (full time job equivalents), should create the Company Social Benefits Fund.
The Group creates such fund and makes regular contributions in the amount of a basic contribution.
As the entities of the Group provide social service for their pensioners, they increase the Fund by making contributions for each pensioner eligible to such service. The purpose of the Fund is to subsidise social activities, loans to employees and other social spending.
The Group has offset the Fund’s assets against its liabilities towards the Fund as the assets do not meet the definition of the Group’s assets.

The following tables present the Fund’s assets, liabilities and expenses.

Liablities
  as at 31 December 2017as at 31 December 2016
Loans provided to employees 2 379 2 572
Cash 3 673 3 383
Liablities due to the Fund (4 844) (4 822)
Balance after offsetting 1 208 1 133

File in XLSX format 
Liablities plik .xlsx11,1 kB

Fund costs
  year ended 31 December 2017year ended 31 December 2016
Contributions to the Fund in the reporting period 2 334 2 286

File in XLSX format 
Fund costs plik .xlsx10,9 kB


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