3.5 Currency exchange rates

The following currency exchange rates have been adopted herein to translate data of foreign controlled entities:

Currency exchange rates adopted to translate financial data of foreign controlled entities1 January – 31 December 201331 December 20131 January – 31 December 201231 December 2012
LTL 1.2196 1.2011 1.2087 1.1840
UAH 00.3886 00.3706 00.4001 00.3825

The rates are:

  • average rates of the National Bank of Poland ruling as at the balance sheet date – for the statement of financial position;
  • rates determined as the arithmetic mean of the rates published by the National Bank of Poland, ruling as at the last day of each month of a given period - for the income statement, statement of comprehensive income and statement of cash flows.