28. Amounts due from banks
PKO Annual
Report Online
2020
Report Online
2020
Accounting policies
Principles of classification and measurement are described in the Note “Description of significant accounting policies”. In the case of receivables for which no future cash flow schedule can be determined, and therefore the effective interest rate cannot be determined, the receivable is measured at the amount due.
Financial information
| AMOUNTS DUE FROM BANKS | 31.12.2020 | 31.12.2019 |
| Measured at amortized cost | 2 557 | 4 093 |
|
Deposits with banks |
1 311 | 2 995 |
|
Current accounts |
887 | 997 |
|
Loans and advances granted |
358 | 99 |
|
Cash in transit |
1 | 2 |
| Gross amount | 2 557 | 4 093 |
|
Allowances for expected credit losses |
– | (1) |
| Net amount | 2 557 | 4 092 |
As at 31 December 2020 and 31 December 2019, all amounts due from banks were classified as Stage 1
| AMOUNTS DUE FROM BANKS -CHANGES IN GROSS CARRYING AMOUNT DURING THE PERIOD | 2020 | 2019 |
| Measured: at amortized cost | ||
| As at the beginning of the period | 4 093 | 7 662 |
|
Financial instruments granted or acquired |
3 211 | 2 372 |
|
Utilization of limits or disbursement of tranches |
2 | 40 |
|
Repayments |
(4 911) | (6 177) |
|
Derecognition, including sale |
– | (8) |
|
Other changes |
162 | 204 |
| As at the end of the period | 2 557 | 4 093 |
| AMOUNTS DUE FROM BANKS – CHANGE IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | 2020 | 2019 |
| As at the beginning of the period | (1) | (1) |
|
Increase due to recognition and purchase |
(1) | – |
|
Changes in credit risk (net) |
2 | – |
| As at the end of the period | – | (1) |
| AMOUNTS DUE FROM BANKS BY MATURITY | 31.12.2020 | 31.12.2019 |
| up to 1 month | 2 554 | 3 988 |
| 1 to 3 months | – | 78 |
| 3 months to 1 year | 1 | – |
| 1 to 5 years | 2 | 26 |
| Total | 2 557 | 4 092 |