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Notes to the consolidated financial statements

24. Investments in financial assets

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Balance as at
31 December 2014		 Available for sale Held to maturity Total
  PLN’000 PLN’000 PLN’000
Quoted 620,592 393,688 1,014,280
Treasury bonds, including 611,726 393,688 1,005,414
     - covering Bank Guarantee Fund 0 37,383  37,383
Bank bonds and certificates of deposit 8,866 0 8,866
Unquoted 479,955 25,031 504,986
Shares 8 0 8
Debt instruments issued by the National Bank of
Poland		  479,947 0 479,947
Bank bonds and certificates of deposit  0 25,031 25,031
Total investments in financial assets 1,100,547 418,719 1,519,266 

 

Balance as at
31 December 2013
 		 Available for sale Held to maturity Total
  PLN’000 PLN’000 PLN’000
Quoted 615,185 372,080 987,265
Treasury bonds, including 585,445 372,080 957,525 
     - covering Bank Guarantee Fund 0 37,484 37,484
Bank bonds and certificates of deposit 29,740 0 29,740
Unquoted 839,833  14,938 854,771
Shares 8  0 8
Debt instruments issued by the National Bank of
Poland		 839,825 0 839,825
Bank bonds and certificates of deposit 0 14,938 14,938
Total investments in financial assets 1,455,018  387,018 1,842,036

 

Investment assets available for sale – by maturity

  Balance as at
31 December 2014		 Balance as at
31 December 2013
  tys. zł tys. zł
Up to 1 month 479,947 839,825
From 1 to 3 months 0 0
From 3 months to 1 year 91,491 212,630
From 1 year to 5 years 520,235 327,620
Over 5 years 8,866 74,935
With unspecified maturity 8 8
Total 1,100,547 1,455,018

 

Investment financial assets held to maturity – by maturity

  Balance as at
31 December 2014		 Balance as at
31 December 2013
  tys. zł tys. zł
Up to 1 month 4,996 4,996
From 1 to 3 months 9,957 9,942
From 3 months to 1 year 214,905 54,153
From 1 year to 5 years 178,233 317,927
Over 5 years 10,628 0
Total 418,719 387,018

 

Reclassificaton of securities

In 2010 and in 2014, following the intended use change, the Group reclassified securities from available for sale to
held to maturity, in accordance with classification criteria described in IAS 39.
The face value, the carrying amount and the fair value of reclassified securities as at 31 December 2014 and
31 December 2013 have been presented in detail in the table below.

  Balance as at
31 December 2014		 Balance as at
31 December 2013
  Nominal value
subject to
reclassification		  Carrying
amount		 Fair value Nominal value
subject to
reclassification		 Carrying
amount		  Fair value
  PLN’000 PLN’000 PLN’000 PLN’000 PLN’000 PLN’000
treasury bonds 382,271 393,688 406,348 359,271 372,080 384,652
Total  382,271 393,688 406,348 359,271 372,080 384,652

 

Figures which would have been recognized in the income statement and other comprehensive income if the reclassification had not been carried out

  Period
from 1 January 2014
to 31 December 2014		 Period
from 1 January 2013
to 31 December 2013
  Income statement Other comprehensive
income		 Income statement Other comprehensive
income
  PLN’000 PLN’000 PLN’000  PLN’000
treasury bonds 12,501 2,160 12,707 6,563
Total 12,501 2,160 12,707 6,563

 

Figures recognized in the income statement and other comprehensive income following the reclassification

  Period
from 1 January 2014
to 31 December 2014		 Period
from 1 January 2013
to 31 December 2013
  Income statement Other comprehensive
income		 Income statement Other comprehensive
income
  PLN’000 PLN’000 PLN’000 PLN’000
treasury bonds 12,294 (2,248) 13,100 (394)
Total 12,294 (2,248) 13,100 (394)

 

Annual Report 2014 - Bank Pocztowy