13. Principles of EU programmes settlement
The Group participated in the Human Capital training programme taking advantage of EU funds. The funds received are recognised at the time when there are reasonable grounds to conclude that the terms of funds granting were met and the funds will be paid out. The funds obtained are recognised in the Group’s financial statements in the manner ensuring commensurability with the corresponding costs for which the plan is to set them off with the EU funds obtained.
If the funding concerns an asset item, then the fair value is recognised as the deferred income, and is subsequently carried through profit and loss – gradually in equal annual write-offs – during the expected use period of the related asset item.