38. Other assets
Report Online
2020
Accounting policies
Financial assets recognized in this item are stated at amounts due, comprising also potential interest on such assets, taking into consideration provisions for expected credit losses. Non-financial assets are measured in accordance with the valuation principles applicable to specific categories of assets recognized in this item.
Financial information
| OTHER ASSETS | 31.12.2020 | 31.12.2019 |
| Other financial assets | 1 937 | 1 766 |
|
Settlements in respect of card transactions |
1 222 | 1 301 |
|
Settlement of financial instruments |
164 | 73 |
|
Receivables in respect of cash settlements |
159 | 193 |
|
Receivables and settlements in respect of trading in securities |
9 | 3 |
|
Sale of foreign currencies |
7 | – |
|
Trade receivables |
210 | 146 |
|
Other |
166 | 50 |
| Other non-financial assets | 866 | 947 |
|
Inventories |
130 | 141 |
|
Assets for sale |
141 | 140 |
|
Prepayments and deferred costs |
131 | 186 |
|
VAT receivable |
358 | 270 |
|
Receivables from the State Budget in respect of lump-sum income tax |
– | 115 |
|
Other |
107 | 95 |
| Total | 2 804 | 2 713 |
| OTHER FINANCIAL ASSETS
31.12.2020 |
Stage 1 | Stage 3 | Total |
| Gross amount | 1 937 | 138 | 2 075 |
| Allowances for expected credit losses | – | (138) | (138) |
| Net amount | 1 938 | – | 1 937 |
| OTHER FINANCIAL ASSETS
31.12.2019 |
Stage 1 | Stage 3 | Total |
| Gross amount | 1 766 | 84 | 1 850 |
| Allowances for expected credit losses | – | (84) | (84) |
| Net amount | 1 766 | – | 1 766 |
| OTHER FINANCIAL ASSETS – CHANGES IN THE GROSS CARRYING AMOUNT DURING THE PERIOD
2020 |
Stage 1 | Stage 3 | Total |
| Carrying amount as at the beginning of the period, gross | 1 766 | 84 | 1 850 |
|
Granting or purchase of financial instruments |
1 821 | 2 | 1 823 |
|
Repayments |
(1 648) | (2) | (1 650) |
|
Other changes |
(2) | 54 | 52 |
| Carrying amount as at the end of the period, gross | 1 937 | 138 | 2 075 |
| OTHER FINANCIAL ASSETS – CHANGES IN THE GROSS CARRYING AMOUNT DURING THE PERIOD
2019 |
Stage 1 | Stage 3 | Total |
| Carrying amount as at the beginning of the period, gross | 2 153 | 89 | 2 242 |
|
Granting or purchase of financial instruments |
2 435 | – | 2 435 |
|
Repayments |
(2 825) | – | (2 825) |
|
Derecognition, including sale |
– | (5) | (5) |
|
Write-offs |
– | (3) | (3) |
|
Other changes |
3 | 3 | 6 |
| Carrying amount as at the end of the period, gross | 1 766 | 84 | 1 850 |
| OTHER FINANCIAL ASSETS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES IN THE PERIOD
2020 |
Stage 1 | Stage 3 | Total |
| As at the beginning of the period | – | (84) | (84) |
|
Other adjustments |
– | (54) | (54) |
| As at the end of the period | – | (138) | (138) |
| OTHER FINANCIAL ASSETS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES IN THE PERIOD
2019 |
Stage 1 | Stage 3 | Total |
| As at the beginning of the period | – | (89) | (89) |
|
Decrease due to derecognition |
– | 2 | 2 |
|
Write-offs |
– | 3 | 3 |
| As at the end of the period | – | (84) | (84) |
| OTHER ASSETS – INVENTORIES | 31.12.2020 | 31.12.2019 |
| Finished goods | 121 | 135 |
| Materials | 19 | 16 |
| Impairment allowances on inventories | (10) | (10) |
| Total | 130 | 141 |
| Other non-financial assets – CHANGES IN ALLOWANCES | 2020 | 2019 |
| As at the beginning of the period | (200) | (175) |
| Increase in the period | (93) | (42) |
| Derecognition of assets and settlements | 11 | – |
| Reversed during the period | 2 | – |
| Other | (12) | 17 |
| As at the end of the period | (292) | (200) |
Management of foreclosed collateral– item “assets for sale”
Foreclosed collaterals as a result of restructuring or debt collection activities are either designated for sale or used by the Group for internal purposes. Details of the foreclosed assets are analysed in order to determine whether they can be used by the Group for internal purposes. All of the assets foreclosed as a result of the restructuring and debt collection activities in the years ended 31 December 2020 and 31 December 2019, respectively, were designated for sale. Activities undertaken by the Group are aimed at selling assets as soon as possible. The primary procedure for the sale of assets is an open tender. In justified cases, the sale follows a different procedure depending on the specifics of the sold property.