36.4. Currency risk
The Group records revenue and expenses in several basic currencies (PLN, EUR, GBP and USD). The revenue and expenses in other currencies do not exert significant influence on the Group currency risk. The balance of revenue and expenses in foreign currencies is usually positive for EUR and negative for USD, and the EUR surplus exceeds the USD deficit. It results in an exposure to changes in EUR/USD and PLN/EUR relations.
The Group exposures to the currency risk as at the balance sheet date are presented in the table below.
| 31.12.2023 | 31.12.2022 | |||
|---|---|---|---|---|
| Amount in foreign currency | Amount translated to PLN | Amount in foreign currency | Amount translated to PLN | |
| Cash in EUR | 7,386 | 32,116 | 6,275 | 29,429 |
| Cash in GBP | 1,947 | 9,734 | 2,987 | 15,819 |
| Cash in USD | 332 | 1,307 | 243 | 1,068 |
| Receivables in EUR | 77,372 | 336,414 | 86,508 | 405,713 |
| Receivables in GBP | 4,768 | 23,840 | 6,514 | 34,497 |
| Receivables in USD | 4,376 | 17,220 | 3,636 | 16,006 |
| Bank loans in EUR | (26,623) | (115,755) | (32,358) | (151,754) |
| Bank loans in GBP | (2,714) | (13,568) | (122) | (644) |
| Bank loans in USD | (550) | (2,165) | (18) | (79) |
| Liabilities in EUR | (78,287) | (340,391) | (57,170) | (268,121) |
| Liabilities in GBP | (264) | (1,321) | (297) | (1,571) |
| Liabilities in USD | (3,818) | (15,023) | (714) | (3,145) |
| Total net exposure to EUR risk | (20,152) | (87,616) | 3,255 | 15,267 |
| Total net exposure to GBP risk | 3,737 | 18,685 | 9,082 | 48,101 |
| Total net exposure to USD risk | 340 | 1,339 | 3,147 | 13,850 |
Information with regard to hedging the Group exchange position is presented in note 36.4.