Notes to the consolidated financial statements

35. Subordinated liabilities

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Classification	Balance as at 31 December 2013	Balance as at 31 December 2012 (restated)
	PLN ‘000	PLN ‘000
Financial instruments measured at amortized cost, including:	142,027	142,891
- loans	43,036	43,030
- bonds	98,991	99,861
Total	142,027	142,891

 

Balance as at 31 December 2013
Item	Par value	Interest	Maturity	Balance of subordinated liabilities
Loans	PLN ‘000			PLN ‘000
Poczta Polska	43,000	WIBOR 6M+3pp	8 July 2016	43,036
Bonds
Quoted	47,340	WIBOR6M+3.75pp (by 8 July 2016) WIBOR6M+3.75pp + 1.5pp (between 9 July 2016 and 8 July 2021)	8 July 2021	48,707
Quoted	50,000	WIBOR6M+3.50pp	5 October 2022	50,284
Total	140,340			142,027

Subordinated bonds are traded on the Over-The-Counter market of the Warsaw Stock Exchange (Catalyst).

Balance as at 31 December 2012 (restated)
Item	Par value	Interest	Maturity	Balance of subordinated liabilities
Loans	PLN ‘000			PLN ‘000
Poczta Polska	43,000	WIBOR 6M+3pp	8 July 2016	43,030
Bonds
Quoted	47,340	WIBOR6M+3.75pp (by 8 July 2016) WIBOR6M+3.75pp + 1.5pp (between 9 July 2016 and 8 July 2021)	8 July 2021	49,255
Quoted	50,000	WIBOR6M+3.50pp	5 October 2022	50,606
Total	140,340			142,891

Following the approval of the Polish Financial Supervision Authority, in October 2012 the Group classified funds raised through the second issue of subordinated bonds to supplementary capital. Subordinated bonds from the first issue are traded on the Warsaw Stock Exchange bond market (Catalyst), while the second issue subordinated bonds were marketed on 20 February 2013.