25. Exchange differences on translating foreign operations

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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		 Year ended
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.