13.9. Other operating income
| NOTE | 2021 | 2020 (restated data) |
|
|---|---|---|---|
| Profit on change in the ownership structure | 169 | – | |
| Profit on sale of non-current non-financial assets | 40 | 24 | |
| Gain on bargain purchase of subsidiaries | – | 4 063 | |
| Reversal of provisions | 91 | 104 | |
| Reversal of impairment allowances of property, plant and equipment and intangible assets, right-of-use asset, other non-current assets and classified as held for sale | 14.4 | 1 226 | 370 |
| Penalties and compensations | 155 | 134 | |
| Grants | 121 | 60 | |
| Settlement and valuation of derivative financial instruments related to operating exposure | 5 342 | 4 859 | |
| Limitation period of liabilities towards minority shareholders of ORLEN Unipetrol | 184 | – | |
| Ineffective part related to valuation and settlement of operating exposure | 17 | 23 | |
| Settlement of hedging costs | 288 | 173 | |
| Other | 278 | 268 | |
| 7 911 | 10 078 |
The line Profit on change in the ownership structure includes mainly PLN 156 million for the recognition of the difference between the net assets and the fair value of the investment held in Baltic Power as at the date of loss of control. Detailed information in note 7.3.7.
In the 2021 and 2020 the line reversal of impairment allowances of property, plant and equipment and intangible assets, right-of-use asset, other non-current assets and classified as held for sale concerned mainly of impairment allowances on non-current assets in the Upstream segment in the amount of PLN 1,046 million and PLN 265 million, respectively. Additional information in note 14.4.
In 2021 the Group recognised an effect of expiry of liability to former shareholders of ORLEN Unipetrol in the item Limitation of obligation towards minority shareholders of ORLEN Unipetrol in the amount of PLN 184 million, as well as in finance income in the amount of PLN 15 million resulted from the realisation of foreign exchange differences regarding the valuation of liability as at the expiry date. According to information published in the Financial Statements of 2019, after first phase of settlement with previous shareholders of ORLEN Unipetrol due to mandatory buy out of shares in this company, the bank Ceska Sporitelna a.s. transferred to PKN ORLEN 90% of unspent amounts due to previous shareholders.
PKN ORLEN was at the same time obliged to systematically supplementation of the provision in the bank for subsequent settlement with calling shareholders, so that to keep a safe level above 5% of the remaining amount due to payment for mandatory buy out of shares of ORLEN Unipetrol.
Due to the above, PKN ORLEN recognised the amount received from bank as a liability.
On 30 September 2021, expired a three year legal period, during which former shareholders of Unipetrol, who had shares called in the mandatory buy out by PKN ORLEN, could call for compensation for sold shares in ORLEN Unipetrol.
Thus, on 30 September 2021, the liability of PKN ORLEN to former shareholders of ORLEN Unipetrol ceased to exist.
Additionally, on 7 October 2021 the bank Ceska Sporitelna a.s. returned PKN ORLEN funds remaining from unused provision.