25. Exchange differences on translating foreign operations
Exchange differences on translating foreign operations comprise exchange differences resulting from the translation into PLN of the financial statements of foreign companies and groups of companies.
|PLN ’000||Year ended
Dec 31 2013
Dec 31 2012
|At beginning of the period||33,878||59,100|
|Exchange differences on translating foreign operations||(13,644)||(39,086)|
|Corporate income tax relating to currency-translation differences||-||13,864 (1)|
|At end of the period||20,234||33,878|
(1) Reversal of the deferred tax liability following review of IAS 12 Income Taxes (paragraph 40) by the Group in 2012.