Notes to the consolidated financial statements

36c. Revaluation reserve

Download note 36c in XLS

Revaluation reserve is created upon recognition of the effects of measurement of financial instruments classified as available for sale on a net basis as well as net actuarial gains and losses arising from measurement of post-employment defined benefit plans.
The items in question are derecognized from the revaluation reserve (except for net actuarial gains/losses arising from measurement of post-employment defined benefit plans) when the assets measured are derecognized in whole or in part or when impairment is recognized (at which time the effects of measurement are recognized in profit or loss). The amount of PLN 366 thousand recognized under the revaluation reserve is a portion of measurement arising from reclassification of securities available for sale to the held-to-maturity category, which has not been settled yet.

	Balance as at 31 December 2013	Balance as at 31 December 2012 (restated)
	PLN ‘000	PLN ‘000
Measurement of financial assets available for sale	(2,309)	4,407
Measurement of securities available for sale reclassified to assets held to maturity	366	760
Actuarial gains and losses on measurement of liabilities under the defined benefit plan	277	243
Deferred tax on measurement recognized in the revaluation reserve	369	(982)
Deferred tax on other instruments recognized in the revaluation reserve	(54)	(47)
Total revaluation reserve	(1,351)	4,381