14.3. Investment expenditures incurred and future commitments resulting from signed investment contracts

The total amount of investment expenditures together with borrowing costs incurred in 2019 and in 2018 amounted to PLN 8,773 million and PLN 4,280 million, respectively, including PLN 198 million and PLN 204 million of investments relating to environmental protection. The total amount of investment expenditures together with borrowing costs incurred in 2019 takes into account the impact of IFRS 16 implementation in the amount of PLN 3,316 million.

As at 31 December 2019 and as at 31 December 2018 the value of future commitments resulting from contracts signed until this date amounted to PLN 5,100 million and PLN 1,281 million, respectively.