14.5 Net working capital

14.5. Net working capital

Net working capital
The Group defines net working capital as: inventories and trade and other receivables decreased by trade and other liabilities.

	Inventories	Trade and other receivables	Trade and other liabilities	Net working capital
31/12/2021	18,410	15,041	19,811	13,640
31/12/2022	45,127	37,905	40,257	42,775
Change in working capital in the statement of financial position	(26,717)	(22,864)	20,446	(29,135)
Adjustments	26,760	13,212	(22,139)	17,833
Change in rights and advances for non-financial non-current assets	-	(86)	-	(86)
Change in investment liabilities	-	-	(3,275)	(3,275)
Change in receivables due to subsidies	-	(306)	-	(306)
Combination of units *	26,274	14,429	(22,739)	17,964
Foreign exchange differences	493	(651)	(280)	(438)
Unsettled positions of the ORLEN Group with the LOTOS Group and PGNiG Group as at the merger date	-	(61)	3,805	3,744
Other	(7)	(113)	350	230
Change in working capital in the statement of cash flows	43	(9,652)	(1,693)	(11,302)
incl.impairment	610	(316)	-	294

* the line includes also recognition of a joint operation in Rafineria Gdańska at the time of initial recognition

	Inventories	Trade and other receivables	Trade and other liabilities	Net working capital
31/12/2020	12,279	9,640	14,023	7,896
31/12/2021	18,410	15,041	19,811	13,640
Change in working capital in the statement of financial position	(6,131)	(5,401)	5,788	(5,744)
Adjustments	362	1,611	(671)	1,302
Change in rights and advances for non-financial non-current assets	-	1,353	-	1,353
Change in investment liabilities	-	-	(255)	(255)
Acquisition of subsidiary	23	79	(71)	31
Foreign exchange differences	334	192	(334)	192
Other	5	(13)	(11)	(19)
Change in working capital in the statement of cash flows	(5,769)	(3,790)	5,117	(4,442)
incl.impairment	39	(94)	-	(55)

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