Annual report 2019

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PL
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PL
  • 25. Securities measured at fair value through other comprehensive income

25. Securities measured at fair value through other comprehensive income

XLS
Debt securities 31.12.2019 31.12.2018
Bonds issued by banks 530,927 516,084
Treasury bonds issued by central governments 7,422,431 15,359,255
Securities measured at fair value through other comprehensive income 7,953,358 15,875,339

 

The measurement of debt securities measured at fair value through other comprehensive income is based on the discounted cash flow model using current market interest rates, taking into account the issuer’s credit risk in the amount corresponding to the parameters observed on the market for transactions with similar credit risk parameters and similar time horizon. The measurement does not take into account assumptions that cannot be observed directly on the market.

XLS
Change of securities measured at fair value through other comprehensive income 12 months ended
31.12.2019 		12 months ended
31.12.2018
Opening balance 15,875,339 –
Change resulting from IFRS 9 implementation – 6,834,249
Purchase of securities 6,224,070 13,343,720
Sale of securities (14,011,831) (17,544,720)
Change in measurement at fair value through other comprehensive income (18,747) 22,947
Change in measurement at fair value through profit or loss 1,035 11,275
Bonds acquired as a result of merger – 13,193,469
Change in interest due, foreign exchange differences, discounts and bonuses (116,508) 14,399
Closing balance 7,953,358 15,875,339
XLS
Gross securities measured at fair value through other comprehensive income by maturity: 31.12.2019 31.12.2018
From 3 months to 1 year 1,115,222 7,112,515
From 1 year to 5 years 5,291,902 6,264,867
Over 5 years 1,546,234 2,497,957
Total securities measured at fair value through other comprehensive income 7,953,358 15,875,339

The table below presents gains and losses related to securities measured at fair value through other comprehensive income, which in the given period were recognized directly in equity, and then were derecognised and recognized in profit or loss for a given period of 12 months until 31 December 2019 and 31 December 2018.

XLS
Securities measured at fair value through other comprehensive income 12 months ended
31.12.2019 		12 months ended
31.12.2018
Profits included directly in equity and then transferred from equity to the statement of profit or loss 2,862 39,507
Losses included directly in equity and then transferred from equity to the statement of profit or loss (2,147) (303)
Total 715 39,204
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Annual report 2019

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