6.3.4 Grants
Table of contents
Accounting policies
Grants
Grants related to assets recognised by the Group are grants whose primary condition is that the Group should purchase, construct or otherwise acquire long-term assets.
Grants related to assets are recognised in the statement of financial position under ‘Grants’ (non-current and current portions), and subsequently taken – through equal annual charges – to profit or loss throughout the expected useful life of the assets.
| Grants | 2021 | 2020 |
| Grants to finance assets, including: | 738 | 745 |
| Kosakowo UGSC construction | 49 | 53 |
| Wierzchowice UGS extension | 335 | 356 |
| Strachocina UGS extension | 46 | 49 |
| Husów UGS extension | 20 | 23 |
| Construction of gas distribution systems in new areas and upgrades of existing distribution networks | 131 | 136 |
| Development of smart energy storage, transmission and distribution systems | 116 | 78 |
| Other | 41 | 50 |
| Total | 738 | 745 |
| non-current | 695 | 695 |
| current | 42 | 49 |
Companies of the Group are involved in projects for which EU co-financing has been obtained. The largest such projects are implemented by Polska Spółka Gazownictwa Sp. z o.o., which in 2021 performed agreements on grants for investment projects involving construction of new gas pipelines to develop gas distribution in towns and cities in Poland which have not been connected to the gas network so far. Under the agreements, in the reporting and comparative periods the Company received grants for a total amount of PLN 32m.