23. Cash flow hedging reserve
Cash flow hedging reserve comprises changes in the valuation of foreign-currency denominated bank borrowings used as hedging instruments designated to hedge cash flows, less the effect of income tax.
PLN '000 | Note | Year ended Dec 31 2013 |
Year ended Dec 31 2012 |
---|---|---|---|
At beginning of the period | (36,801) | (419,281) | |
Valuation of cash flow hedging instruments | 120,765 | 472,197 | |
Income tax on valuation of cash flow hedging instruments | 10.1 | (22,945) | (89,717) |
At end of the period | 61,019 | (36,801) |