Notes to the consolidated financial statements
Download note 36.3 in XLS36.3 Revaluation reserve
Revaluation reserve is created upon recognition of the effects of measurement of financial instruments classified as available for sale on a net basis, the effective portion of net cash flow hedges, as well as net actuarial gains and losses arising from measurement of post-employment defined benefit plans (provisions for retirement and disability benefits).
The aforesaid items are reclassified from the revaluation reserve (except for net actuarial gains or losses arising from measurement of post-employment defined benefit plans) when the assets measured are derecognized in whole or in part, when cash flow hedge accounting is discontinued or when impairment is recognized (at which time the effects of measurement are recognized in profit or loss).
| Revaluation reserve | Balance as at | Consolidated other comprehensive income | Balance as at | |||||
|---|---|---|---|---|---|---|---|---|
| 1 January 2015 | Revaluation of financial assets available for sale | Gain/loss on sales of financial assets available for sale reclassified to income statement | Settlement of measurement of financial assets available for sale reclassified to assets held to maturity | Gains/losses on measurement of liabilities under the defined benefit plan | Revaluation of cash flow hedges | Revaluation of hedging instruments in the portion constituting ineffective cash flow hedge charged to income statement | 31 December 2015 | |
| PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
| Measurement of financial assets available for sale, including: | 4 053 | 12 678 | (3 980) | 0 | 0 | 0 | 0 | 12 751 |
| - deferred tax | (952) | (2 974) | 934 | 0 | 0 | 0 | 0 | (2 992) |
| Measurement of financial assets available for sale reclassified to assets held to maturity, including: | (1 523) | 0 | 0 | 358 | 0 | 0 | 0 | (1 165) |
| - deferred tax | 359 | 0 | 0 | (84) | 0 | 0 | 0 | 275 |
| Actuarial gains and losses on measurement of liabilities under the defined benefit plan, including: | 347 | 0 | 0 | 0 | (93) | 0 | 0 | 254 |
| - deferred tax | (83) | 0 | 0 | 0 | 21 | 0 | 0 | (62) |
| Due to effective cash flow hedges, including | 0 | 0 | 0 | 0 | 0 | 69 | (44) | 25 |
| - deferred tax | 0 | 0 | 0 | 0 | 0 | (16) | 10 | (6) |
| Total revaluation reserve | 2 877 | 12 678 | (3 980) | 358 | (93) | 69 | (44) | 11 865 |
| Revaluation reserve | Balance as at | Consolidated other comprehensive income | Balance as at | |||
|---|---|---|---|---|---|---|
| 1 January 2014 | Revaluation of financial assets available for sale | Gain/loss on sales of financial assets available for sale reclassified to income statement | Settlement of measurement of financial assets available for sale reclassified to assets held to maturity | Gains/losses on measurement of liabilities under the defined benefit plan | 31 December 2014 | |
| PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
| Measurement of financial assets available for sale, including: | (1 871) | 7 151 | (1 227) | 0 | 0 | 4 053 |
| - deferred tax | 438 | (1 678) | 288 | 0 | 0 | (952) |
| Measurement of financial assets available for sale reclassified to assets held to maturity, including: | 297 | 0 | 0 | (1 820) | 0 | (1 523) |
| - deferred tax | (69) | 0 | 0 | 428 | 0 | 359 |
| Actuarial gains and losses on measurement of liabilities under the defined benefit plan, | 223 | 0 | 0 | 0 | 124 | 347 |
| - deferred tax | (54) | 0 | 0 | 0 | (29) | (83) |
| Total revaluation reserve | (1 351) | 7 151 | (1 227) | (1 820) | 124 | 2 877 |