25. Securities measured at fair value through other comprehensive income
| Debt securities | 31.12.2021 | 31.12.2020 |
|---|---|---|
| Bonds issued by banks | 2,608,513 | 4,319,718 |
| Treasury bonds issued by central governments | 4,101,875 | 4,685,483 |
| Bonds issued by other financial institutions | 2,432,965 | 1,223,359 |
| Securities measured at fair value through other comprehensive income | 9,143,353 | 10,228,560 |
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.
| Change of securities measured at fair value through other comprehensive income | 12 months ended 31.12.2021 | 12 months ended 31.12.2020 |
|---|---|---|
| Opening balance | 10,228 560 | 7,953,358 |
| Purchase of securities | 87,312 000 | 50,342,450 |
| Sale of securities | (87,328 265) | (48,329,550) |
| Change in measurement at fair value through other comprehensive income | (969,416) | 163,408 |
| Change in measurement at fair value through profit or loss | (44,296) | 36,601 |
| Change in interest due, foreign exchange differences, discounts and bonuses | (55,230) | 62,293 |
| Closing balance | 9,143,353 | 10,228,560 |
The gross amount of securities measured at fair value through other comprehensive income as at 31 December 2021 was PLN 8,261,704 thousand (PLN 10,072,024 thousand as at 31 December 2020).
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 2021 and 31 December 2020.
| Securities measured at fair value through other comprehensive income | 12 months ended 31.12.2021 |
12 months ended 31.12.2020 |
|---|---|---|
| Profits included directly in equity and then transferred from equity to the statement of profit or loss | 31,559 | 76,998 |
| Losses included directly in equity and then transferred from equity to the statement of profit or loss | (33,835) | (1,229) |
| Total securities measured at fair value through other comprehensive income | (2,276) | 75,769 |