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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

Award for LW Bogdanka S.A.

Thursday, 2012-10-25
Award for LW Bogdanka S.A.
We are happy to inform you that on 19 October 2012, our Company was honoured by the Polish Accounting and Tax Institute for applying the International Financial Reporting Standards in the Financial statements of GK LW Bogdanka. The award was presented during the Final Gala of the 7th Edition of Competition for the Best Annual Report 2011 (according to IFRS/IAS).

The Competition Jury justified their choice as follows:

“It is worth noticing that the consolidated statements of the Lubelski Węgiel Bogdanka Group have received high notes in this category starting from the first year it was submitted for the competition. The reporting standards, including the description of significant estimates and judgements adopted in preparation of the consolidated financial statements, were presented in a clear manner which allows understanding of the issues crucial for assessment of the Group's activity. They are adjusted to the Group’s character and completed with detailed rules, specific for its activity. The Jury appreciated especially the high quality and usefulness, from the point of view of a financial statements recipient, of the information enclosed in the notes to the consolidated financial statements. A proper selection of information makes the key data reader-friendly. As a result, the financial statements are succinct, very clear and include information which is important for assessing the Group’s financial situation.


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© LW „Bogdanka” S.A. - 2018
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