Notes to the consolidated financial statements
Download note36.3 Revaluation reserve
Revaluation reserve results from recognition of:
- the effects of measurement of financial instruments classified as available for sale;
- the effective portion of net cash flow hedges;
- net actuarial gains and losses arising from measurement of post-employment defined benefit plans (provisions for retirement and disability benefits);
- deferred income tax on the above items.
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) with the assets measured 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 2016 | Revaluation of financial assets available for sale | Gain/loss on sales of financial assets available for sale reclassified to profit or loss | 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 profit or loss | 31 December 2016 | |
| PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
| Measurement of financial assets available for sale, including: | 12 751 | (4 388) | (16 398) | 0 | 0 | 0 | 0 | (8 035) |
| - deferred tax | (2 992) | 1 029 | 3 847 | 0 | 0 | 0 | 0 | 1 884 |
| Measurement of financial assets available for sale, reclassified to held to maturity, including: |
(1 165) | 0 | 0 | 442 | 0 | 0 | 0 | (723) |
| - deferred tax | 275 | 0 | 0 | (104) | 0 | 0 | 0 | 171 |
| Actuarial gains and losses on measurement of liabilities under the defined benefit plan, including: | 254 | 0 | 0 | 0 | (154) | 0 | 0 | 100 |
| - deferred tax | (62) | 0 | 0 | 0 | 37 | 0 | 0 | (25) |
| Due to effective cash flow hedges, including | 25 | 0 | 0 | 0 | 0 | (761) | 41 | (695) |
| - deferred tax | (6) | 0 | 0 | 0 | 0 | 178 | (10) | 162 |
| Total revaluation reserve | 11 865 | (4 388) | (16 398) | 442 | (154) | (761) | 41 | (9 353) |
| 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 profit or loss | 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 profit or loss | 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 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 |