Legal basis:
Art. 17.1 of MAR - Inside information
The Management Board of Grupa Azoty S.A. (the 'Company'), in reference to the information communicated in Current Report No. 34/2017 of August 4th 2017 by Grupa Azoty Zakłady Azotowe Puławy S.A., a subsidiary of the Company ('Grupa Azoty Puławy'), concerning the expected effect on the H1 2017 consolidated financial statements of Grupa Azoty Puławy of a one-off non-monetary event - i.e. recognition of PLN 14.7m impairment losses on property, plant and equipment and intangible assets in its subsidiary Zakłady Azotowe Chorzów S.A., announces the expected effect of the event on the Company's consolidated financial statements:
effect on the Company's consolidated EBIT: PLN -14.7m.
The impairment loss is another impairment loss on the assets of the fat processing unit at Zakłady Azotowe Chorzów S.A. The first impairment loss of PLN 18.4m, announced by the Company in Current Report No. 17/2016 on February 8th 2016, was accounted for in the 2015 financial statements. The second impairment loss of PLN 10m, announced by the Company in Current Report No. 4/2017 on February 13th 2017, was accounted for in the 2016 financial statements. The current impairment loss of PLN -14.7m will be accounted for in the Company's financial statements for H1 2017.
Note: As the audit of the Company's H1 financial statements has not yet been completed, these amounts are not final and may be subject to change. The half-year report of Grupa Azoty S.A. for H1 2017 will be issued on August 24th 2017.
Legal basis: Article 17(1) of Regulation (EU) 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ EU of June 12th 2014, No. L 173/1, as amended).
Grupa Azoty SA published this content on 04 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 August 2017 18:24:03 UTC.
Original documenthttp://tarnow.grupaazoty.com/creport-39-2017.html
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Grupa Azoty SA is a Poland-based producer of chemical products. Its products portfolio is divided into five segments. Fertilizers segment includes manufacturing and sales of nitrogenous fertilizers (urea, nitrate, ammonium nitrates, ammonium sulphate nitrate, a mixture of ammonium sulphate and urea, ammonium sulphate), compound fertilizers, ammonia; Plastics segment is engaged in manufacturing and sales of polyamide 6 (Tarnamid, Alphalon), polyacetal (Tarnoform), caprolactam; OXO segment includes manufacturing and sales of alcohols (2-ethylohexanol, n-butanol, isobutanol, octanol F) and plasticizers, such as bis(2-ethylhexyl) phthalate, diisobutyl phthalate, among others; Pigment segment is engaged in manufacturing and sales of titanium white, Tytanpol; Other Activities segment includes energy, laboratory services, catalysts, rental of properties. The Company operates through subsidiaries, including Grupa Azoty ZAK SA, ATT Polymers GmbH, Zaklady Chemiczne Police SA, among others.
GRUPA AZOTY S.A. 
