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Integrated Report 2020

13. Other operating income

XLS
Other operating income 12 months ended
31.12.2020		 12 months ended
31.12.2019
Sale or liquidation of property, plant and equipment and intangible assets 165,330 20,957
Release of allowances on other receivables 10,908 –
Sale of goods and services 7,777 32,994
Release of provisions for litigation and claims and other liabilities 51,628 12,336
Recovery of debt collection costs 25,206 18,512
Recovered indemnities 1,027 2,644
Income from leasing operations 30,633 9,155
Other operating income* 31,077 86,107
Total other operating income 323,586 182,705
* The amount of PLN 86,107 thousand results from the sale of the Bank’s organised part of enterprise dedicated to factoring activities in June 2019 to BGŻ BNP Paribas Faktoring Sp. z o.o. (the Factoring Entity) in the amount of PLN 42,435 thousand (the amount of PLN 45,000 thousand was recognised in the first half of 2019, whereas in July 2019 the Bank and Factoring Entity made a final verification of the transferred values of the transferred net factoring receivables, which were the basis for calculation of the sale price at the end of June 2019. The resulting difference of PLN 2,565 thousand was recognised in the third quarter of 2019).

 

The comparison of income realised in the analysed periods was primarily affected by the settlement and accounting treatment regarding the sale of the real estate, i.e. the Bank’s Headquarters at Kasprzaka in Warsaw in the first quarter of this year. The total result on this operation amounted to PLN 43,564 thousand (gross value) and was presented under other operating income (under Sale or liquidation of property, plant and equipment and intangible assets, in the amount of PLN 110,848 thousand) and under other operating expenses (items: Loss on sale or liquidation of property, plant and equipment and intangible assets, in the amount of PLN 64,371 thousand and Other operating expenses, in the amount of PLN 2,914 thousand).

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