Home | Financial results | Additional information and notes | 33. Financial assets | 33.3 Financial instruments measured at fair value through profit or loss

33.3 Financial instruments measured at fair value through profit or loss

As at 31 December 2014 and 31 December 2013, the PZU Group entities were not parties to any contracts with embedded derivatives, the nature and the relating risks of which, would not be closely connected with the host contract.

Financial instruments measured at fair value through profit or loss31 December 201431 December 2013
Instruments designated as such upon initial recognition 12,571,137 10,988,879
Equity instruments 1,482,597 817,007
Listed on a regulated market 1,443,739 791,919
Not listed on a regulated market 38,858 25,088
Debt instruments 11,088,540 10,171,872
Government securities 11,005,221 10,138,525
Fixed rate 9,814,334 9,175,313
Floating rate 1,190,887 963,212
Other 83,319 33,347
Listed on a regulated market 83,319 33,347
Fixed rate 83,319 33,347
Instruments held for trading 6,525,347 8,915,297
Equity instruments 4,463,405 5,081,854
Listed on a regulated market 1,572,464 2,528,806
Not listed on a regulated market 2,890,941 2,553,048
Debt instruments 1,515,539 3,573,400
Government securities 1,441,296 3,499,207
Fixed rate 1,409,570 3,473,888
Floating rate 31,726 25,319
Other 74,243 74,193
Not listed on a regulated market 74,243 74,193
Floating rate 74,243 74,193
Derivative Instruments 546,403 260,043
Total financial instruments measured at fair value through profit or loss – held for trading 19,096,484 19,904,176

Additional information on involvement in derivative instruments and related risks are presented in point 8.6.2

Financial instruments measured at fair value through profit or loss31 December 201431 December 2013
Short-term 10,858,702 12,970,979
Long-term 8,237,782 6,933,197
Total financial instruments measured at fair value through profit or loss 19,096,484 19,904,176

Equity instruments are classified as long-term unless they are planned to be sold within 12 months from the end of the financial year or they are a part of the financial assets held for trading portfolio.

Carrying amount of debt instruments measured at fair value through profit or loss by redemption date as at 31 December 2014up to 1 yearover 1 year and up to 2 yearsover 2 years and up to 3 yearsover 3 years and up to 4 yearsover 4 years up to 5 yearsover 5 yearsTotal
Instruments classified as such upon initial recognition 564,379 2,537,527 1,770,867 2,132,417 1,721,732 2,361,618 11,088,540
Government securities 556,856 2,536,934 1,769,524 2,128,868 1,721,479 2,291,560 11,005,221
Fixed rate 556,856 2,536,838 1,542,427 1,944,593 1,277,261 1,956,359 9,814,334
Floating rate - 96 227,097 184,275 444,218 335,201 1,190,887
Other 7,523 593 1,343 3,549 253 70,058 83,319
Listed on a regulated market 7,523 593 1,343 3,549 253 70,058 83,319
Fixed rate 7,523 593 1,343 3,549 253 70,058 83,319
Instruments held for trading 27,063 458,380 350,305 352,300 325,609 1,882 1,515,539
Government securities 27,063 458,380 299,332 329,030 325,609 1,882 1,441,296
Fixed rate 1,720 451,997 299,332 329,030 325,609 1,882 1,409,570
Floating rate 25,343 6,383 - - - - 31,726
Other - - 50,973 23,270 - - 74,243
Not listed on a regulated market - - 50,973 23,270 - - 74,243
Floating rate - - 50,973 23,270 - - 74,243
Total carrying amount of debt instruments measured at fair value through profit or loss by redemption date 591,442 2,995,907 2,121,172 2,484,717 2,047,341 2,363,500 12,604,079

Carrying amount of debt instruments measured at fair value through profit or loss by redemption date as at 31 December 2013up to 1 yearover 1 year and up to 2 yearsover 2 years and up to 3 yearsover 3 years and up to 4 yearsover 4 years up to 5 yearsover 5 yearsTotal
Instruments classified as such upon initial recognition 527,985 192,344 2,278,299 1,995,778 993,229 4,184,237 10,171,872
Government securities 527,985 192,344 2,277,469 1,995,627 993,229 4,151,871 10,138,525
Fixed rate 527,985 192,344 2,231,404 1,138,457 993,229 4,091,894 9,175,313
Floating rate - - 46,065 857,170 - 59,977 963,212
Other - - 830 151 - 32,366 33,347
Listed on a regulated market - - 830 151 - 32,366 33,347
Fixed rate - - 830 151 - 32,366 33,347
Instruments held for trading 247,102 247,871 586,852 410,874 364,920 1,715,781 3,573,400
Government securities 247,102 247,871 586,852 359,838 341,763 1,715,781 3,499,207
Fixed rate 247,102 222,552 586,852 359,838 341,763 1,715,781 3,473,888
Floating rate - 25,319 - - - - 25,319
Other - - - 51,036 23,157 - 74,193
Not listed on a regulated market - - - 51,036 23,157 - 74,193
Floating rate - - - 51,036 23,157 - 74,193
Total carrying amount of debt instruments measured at fair value through profit or loss by redemption date 775,087 440,215 2,865,151 2,406,652 1,358,149 5,900,018 13,745,272

Financial instruments measured at fair value through profit or loss by currency31 December 2014
PLNUSDEURHUFOtherTotal
Instruments classified as such upon initial recognition 11,786,698 144,511 406,087 163,498 70,343 12,571,137
Equity instruments 1,392,993 12,683 63,973 - 12,948 1,482,597
Listed on a regulated market 1,392,536 356 39,291 - 11,556 1,443,739
Not listed on a regulated market 457 12,327 24,682 - 1,392 38,858
Debt instruments 10,393,705 131,828 342,114 163,498 57,395 11,088,540
Government securities 10,364,401 131,380 288,547 163,498 57,395 11,005,221
Fixed rate 9,198,609 131,380 288,547 138,403 57,395 1) 9,814,334
Floating rate 1,165,792 - - 25,095 - 1,190,887
Other 29,304 448 53,567 - - 83,319
Listed on a regulated market 29,304 448 53,567 - - 83,319
Fixed rate 29,304 448 53,567 - - 83,319
Instruments held for trading 5,851,418 190,206 232,091 92,574 159,058 6,525,347
Equity instruments 4,080,344 136,881 170,477 27,502 48,201 4,463,405
Listed on a regulated market 1,379,609 49,612 67,540 27,502 48,201 1,572,464
Not listed on a regulated market 2,700,735 87,269 102,937 - - 2,890,941
Debt instruments 1,479,939 10,758 24,842 - - 1,515,539
Government securities 1,405,696 10,758 24,842 - - 1,441,296
Fixed rate 1,373,970 10,758 24,842 - - 1,409,570
Floating rate 31,726 - - - - 31,726
Other 74,243 - - - - 74,243
Not listed on a regulated market 74,243 - - - - 74,243
Floating rate 74,243 - - - - 74,243
Derivative instruments 291,135 42,567 36,772 65,072 110,857 546,403
Total financial instruments measured at fair value through profit or loss by currency 17,638,116 334,717 638,178 256,072 229,401 19,096,484

1) including PLN 50,885 in RON

Financial instruments measured at fair value through profit or loss – designated as such upon initial recognition31 December 2013
PLNUSDEURLTLOtherTotal
Instruments classified as such upon initial recognition 10,182,335 307,754 260,651 8,262 202,216 10,988,879
Equity instruments 562,762 96,765 73,341 4,911 51,567 817,007
Listed on a regulated market 562,709 86,622 59,779 3,561 51,567 791,919
Not listed on a regulated market 53 10,143 13,542 1,350 - 25,088
Debt instruments 9,619,573 210,989

187,310

3,351 150,649 10,171,872
Government securities 9,587,207 210,911 186,407 3,351 150,649 10,138,525
Fixed rate 8,623,995 210,911 156,183 3,351 150,649 1) 9,175,313
Floating rate 963,212 - - - - 963,212
Other 32,366 78 903 - - 33,347
Listed on a regulated market 32,366 78 903 - - 33,347
Fixed rate 32,366 78 903 - - 33,347
Not listed on a regulated market - - - - - -
Floating rate - - - - - -
Instruments held for trading 7,071,487 528,861 1,194,527 - 120,422 8,915,297
Equity instruments 4,377,944 296,739 351,871 - 55,300 5,081,854
Listed on a regulated market 1,972,270 229,562 271,674 - 55,300 2,528,806
Not listed on a regulated market 2,405,674 67,177 80,197 - - 2,553,048
Debt instruments 2,583,280 175,132 814,988 - - 3,573,400
Government securities 2,509,087 175,132 814,988 - - 3,499,207
Fixed rate 2,483,768 175,132 814,988 - - 3,473,888
Floating rate 25,319 - - - - 25,319
Other 74,193 - - - - 74,193
Not listed on a regulated market 74,193 - - - - 74,193
Floating rate 74,193 - - - - 74,193
Derivative instruments 110,263 56,990 27,668 - 65,122 260,043
Total financial instruments measured at fair value through profit or loss by currency 17,253,822 836,615 1,455,178 8,262 322,638 19,904,176

1) including PLN 108,686 thousand in RON and PLN 41,963 thousand in TRL