Management believes that the provisions as at 31 December 2012 are sufficient to cover potential future outflows and the adverse outcome of the disputes will not have a significant negative impact on the Group’s financial situation.
Proceedings before the President of the Office of Competition and Consumer Protection (’UOKiK’) regarding the application of practices breaching collective interests of consumers
In 2009 the Parent received UOKiK’s decision whereby the President of UOKiK confirmed that certain statements included in the Company’s service delivery regulations in force prior to 1 November 2009, were breaching the collective interests of consumers and imposed a cash fine of PLN 994. At the same time, the President of UOKiK acknowledged that these unlawful provisions were eliminated from the amended regulations.
On 26 April 2012 the Court of Appeals has ruled to reduce the penalty imposed on the Company by UOKiK to PLN 500 which was paid by the Company on 6 June 2012.
On 24 August 2012 the Company appealed against the decision to the Supreme Court.
As at the date of approval of these financial statements, no changes occurred in respect of the above.
