KGHM POLSKA MIEDŹ S.A.
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KGHM POLSKA MIEDŹ S.A. GROUP

Annual consolidated financial statements

A general description of the employee benefit plans is presented in note 2.2.16.

 At
 31 December 201131 December 2010
restated
Jubilee awards 312 927 298 001
Retirement and disability benefits 245 259 226 203
Coal equivalent 855 274 764 060
Other benefits 56 063 50 345
Present value of obligations 1 469 523 1 338 609
Jubilee awards 312 927 298 001
Retirement and disability benefits 241 042 220 300
Coal equivalent 855 274 764 060
Other benefits 56 063 50 345
Carrying amount of liabilities 1 465 306 1 332 706
  of which:    
   Carrying amount of non-current liabilities 1 338 743 1 221 794
   Carrying amount of current liabilities 126 563 110 912
Main actuarial assumptions at 31 December 2011 
 20122013201420152016
and beyond
Discount rate 5.80% 5.80% 5.80% 5.80% 5.80%
Rate of increase in coal prices 8.00% 3.30% 3.00% 3.00% 3.00%
Rate of increase in the lowest salary 8.20% 4.00% 4.00% 4.00% 4.00%
Expected inflation 2.50% 2.50% 2.50% 2.50% 2.50%
Future expected increase in salary 5.30% 3.80% 3.50% 3.50% 3.50%
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