A
PL

Integrated Report 2020

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

25. Securities measured at fair value through other comprehensive income

XLS
Debt securities 31.12.2020 31.12.2019
Bonds issued by banks 4,319,718 530,927
Treasury bonds issued by central governments 4,685,483 7,422,431
Bonds issued by other financial institutions 1,223,359 –
Securities measured at fair value through other comprehensive income 10,228,560 7,953,358

 

 

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
31.12.2020		 12 months ended
31.12.2019
Opening balance 7,953,358 15,875,339
Purchase of securities 50,342,450 6,224,070
Sale of securities (48,329,550) (14,011,831)
Change in measurement at fair value through other comprehensive income 163,408 (18,747)
Change in measurement at fair value through profit or loss 36,601 1,035
Change in interest due, foreign exchange differences, discounts and bonuses 62,293 (116,508)
Closing balance 10,228,560 7,953,358

 

The gross amount of securities measured at fair value through other comprehensive income as at 31 December 2020 was PLN 10,072,024 thousand (PLN 6,838,136 thousand as at 31 December 2019).

The table below presents gains and losses related to securities measured at fair value through other comprehensive income, which in the given period were recognised directly in equity, and then were derecognised and recognised in profit or loss for a given period of 12 months until 31 December 2020 and 31 December 2019.

XLS
Securities measured at fair value through other comprehensive income 12 months ended
31.12.2020		 12 months ended
31.12.2019
Profits included directly in equity and then transferred from equity to the statement of profit or loss 76,998 2,862
Losses included directly in equity and then transferred from equity to the statement of profit or loss (1,229) (2,147)
Total securities measured at fair value through other comprehensive income 75,769 715

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