31. Securities
Report Online
2020
Accounting policies
Securities are classified and valued in accordance with the principles of selecting the business model and assessing the characteristics of contractual cash flows referred to in the Note „Description of significant accounting policies”.
The item “Securities” also includes an adjustment relating to fair value hedge accounting for securities representing hedged items (note “Hedge Accounting”).
Financial information
| SECURITIES
31.12.2020 |
held for trading | not held for trading, measured at fair value through profit or loss | measured at fair value through OCI | measured at amortized cost | Total |
| Debt securities | 1 151 | 978 | 73 511 | 46 522 | 122 162 |
|
Treasury bonds (in PLN) |
684 | 430 | 52 930 | 29 647 | 83 691 |
|
Treasury bonds (in foreign currencies) |
4 | 367 | 2 872 | 39 | 3 282 |
|
Treasury bills |
349 | – | 500 | – | 849 |
|
corporate bonds (in PLN) secured with the State Treasury guarantees |
– | – | 8 702 | 9 887 | 18 589 |
|
municipal bonds (in PLN) |
15 | – | 4 649 | 5 060 | 9 724 |
|
corporate bonds (in foreign currencies) |
– | – | – | – | – |
|
corporate bonds (in PLN) |
99 | 181 | 3 835 | 1 518 | 5 633 |
|
corporate bonds (in foreign currencies) |
– | – | 23 | 371 | 394 |
| Equity securities | 27 | 1 488 | – | – | 1 515 |
|
shares in other entities – not listed |
– | 451 | – | – | 451 |
|
shares in other entities – listed |
25 | 135 | – | – | 160 |
|
participation units in investment funds, investment certificates, rights to shares, pre-emptive rights |
2 | 902 | – | – | 904 |
| Total (excluding adjustment relating to fair value hedge accounting) | 1 178 | 2 466 | 73 511 | 46 522 | 123 677 |
| Adjustment relating to fair value hedge accounting | – | – | – | 5 | 5 |
| Total | 1 178 | 2 466 | 73 511 | 46 527 | 123 682 |
| SECURITIES
31.12.2019 |
held for trading | not held for trading, measured at fair value through profit or loss | measured at fair value through OCI | measured at amortized cost | Total |
| Debt securities | 1 095 | 493 | 63 807 | 13 454 | 78 849 |
|
NBP money market bills |
– | – | 1 000 | – | 1 000 |
|
Treasury bonds (in PLN) |
982 | 301 | 51 541 | 7 406 | 60 230 |
|
Treasury bonds (in foreign currencies) |
2 | – | 2 520 | 60 | 2 582 |
|
municipal bonds (in PLN) |
15 | – | 5 232 | 4 563 | 9 810 |
|
corporate bonds (in PLN) |
95 | 192 | 3 514 | 1 083 | 4 884 |
|
corporate bonds (in foreign currencies) |
1 | – | – | 342 | 343 |
| Equity securities | 17 | 1 706 | – | – | 1 723 |
|
shares in other entities – not listed |
– | 436 | – | – | 436 |
|
shares in other entities – listed |
15 | 150 | – | – | 165 |
|
participation units in investment funds, investment certificates, rights to shares, pre-emptive rights |
2 | 1 120 | – | – | 1 122 |
| Total (excluding adjustment relating to fair value hedge accounting) | 1 112 | 2 199 | 63 807 | 13 454 | 80 572 |
| Adjustment relating to fair value hedge accounting | – | – | – | 1 | 1 |
| Total | 1 112 | 2 199 | 63 807 | 13 455 | 80 573 |
The item “T-bonds in PLN and in foreign currencies” comprises Polish T-bonds. As at 31 December 2020 and 31 December 2019, the item “Treasury bonds in foreign currencies” also includes bonds issued by the State Treasury of Ukraine of PLN 820 and PLN 492 million, respectively.