33.4 Loans and receivables

User Kit

Loans and receivables	31 December 2014	31 December 2013
Short-term	9,286,581	10,351,969
Long-term	5,407,900	4,049,569
Loans and receivables, total	14,694,481	14,401,538

33.4_loans_and_receivables_pzu_2014.xlsx

Loans and receivables as at 31 December 2014	Carrying value by redemption date
Loans and receivables as at 31 December 2014	up to 1 year	over 1 year and up to 2 years	over 2 years and up to 3 years	over 3 years and up to 4 years	over 4 years and up to 5 years	over 5 years	Total
Debt instruments	31,938	704,738	722,721	214,196	61,336	1,255,626	2,990,555
Government securities	28,056	2,788	1,246	-	3,056	-	35,146
Fixed rate	28,056	2,788	1,246	-	3,056	-	35,146
Other	3,882	701,950	721,475	214,196	58,280	1,255,626	2,955,409
Listed on a regulated market	3,882	-	-	-	-	-	3,882
Fixed rate	3,882	-	-	-	-	-	3,882
Not listed on a regulated market	-	701,95	721,475	214,196	58,280	1,255,626	2,951,527
Floating rate	-	701,95	721,475	214,196	58,280	1,255,626	2,951,527
Other, including:	9,254,643	220,963	620,571	456,343	775,407	375,999	11,703,926
- buy sell-back transactions	3,250,173	-	-	-	-	-	3,250,173
- term deposits with credit institutions	5,958,563	124,525	-	-	20,433	40,260	6,143,781 ¹⁾
- loans	45,907	96,438	620,571	456,343	754,974	335,739	2,309,972 ²⁾
Total	9,286,581	925,701	1,343,292	670,539	836,743	1,631,625	14,694,481

1) For more than 89% of term deposits with credit institutions the maturity date falls before the end of March 2015.
2) Over 96% of loans and receivables are loans with collaterals such as pledges on shares, liability portfolios as well as bank accounts, other loans or other forms of collateral.

33.4_loans_and_receivables-2014_pzu_2014.xlsx

As at 31 December 2014 the fair value of debt securities that was classified to Level II amounted PLN 3,091,685 thousand, while the fair value of loans amounted PLN 2,398,454 thousand. The fair value of buy sell-back transactions and term deposits at credit institutions that was classified to Level III did not significantly differ from their carrying amounts due to their short-term nature.

Loans and receivables as at 31 December 2013	Carrying value by redemption date
Loans and receivables as at 31 December 2013	up to 1 year	over 1 year and up to 2 years	over 2 years and up to 3 years	over 3 years and up to 4 years	over 4 years and up to 5 years	over 5 years	Total
Debt instruments	56,997	29,898	291,704	700,816	100,224	909,253	2,088,892
Government securities	2,142	28,079	-	-	-	-	30,221
Fixed rate	2,142	28,079	-	-	-	-	30,221
Other	54,855	1,819	291,704	700,816	100,224	909,253	2,058,671
Listed on a regulated market	8,916	1,819	-	-	-	-	10,735
Fixed rate	8,916	1,819	-	-	-	-	10,735
Not listed on a regulated market	45,939	-	291,704	700,816	100,224	909,253	2,047,936
Floating rate	45,939	-	291,704	700,816	100,224	909,253	2,047,936
Other, including:	10,294,972	220,941	328,920	583,350	356,072	528,391	12,312,646
- buy sell-back transactions	3,203,344	-	-	-	-	-	3,203,344
- term deposits with credit institutions	7,091,470	175,671	119,866	-	-	-	7,387,007
- deposits with ceding undertakings	87	-	-	-	-	-	87
- loans	71	45,270	209,054	583,350	356,072	528,391	1,722,208 ¹⁾
Total	10,351,969	250,839	620,624	1,284,166	456,296	1,437,644	14,401,538

1) Over 99% loans and receivables are loans with collaterals such as pledges on shares, liability portfolios, as well as bank accounts, other loans or other forms of collateral.

33.4_loans_and_receivables-2013_pzu_2014.xlsx

As at 31 December 2013, the fair value of loans and receivables portfolio that was classified to Level III did not differ substantially from their carrying amounts.

Loans and receivables as at 31 December 2014	PLN	EUR	HUF	UAH	Other	Total
Debt instruments	2,951,527	-	-	13,112	25,916	2,990,555
Government securities	-	-	-	9,230	25,916	35,146
Fixed rate	-	-	-	9,230	25,916	35,146
Other	2,951,527	-	-	3,882	-	2,955,409
Listed on a regulated market	-	-	-	3,882	-	3,882
Fixed rate	-	-	-	3,882	-	3,882
Not listed on a regulated market	2,951,527	-	-	-	-	2,951,527
Floating rate	2,951,527	-	-	-	-	2,951,527
Other, including:	10,057,726	1,137,511	380,702	72,068	55,919	11,703,926
- buy sell-back transactions	3,250,173	-	-	-	-	3,250,173
- term deposits with credit institutions	4,642,200	1,005,698	380,702	59,262	55,919	6,143,781
- loans	2,165,353	131,813	-	12,806	-	2,309,972
Loans and receivables, total	13,009,253	1,137,511	380,702	85,180	81,835	14,694,481

33.4_loans_and_receivables-fair_value-2014_pzu_2014.xlsx

Loans and receivables as at 31 December 2013	PLN	USD	EUR	LTL	UAH	Total
Debt instruments	2,047,936	15,665	-	-	25,291	2,088,892
Government securities	-	15,665	-	-	14,556	30,221
Fixed rate	-	15,665	-	-	14,556	30,221
Other	2,047,936	-	-	-	10,735	2,058,671
Listed on a regulated market	-	-	-	-	10,735	10,735
Fixed rate	-	-	-	-	10,735	10,735
Not listed on a regulated market	2,047,936	-	-	-	-	2,047,936
Floating rate	2,047,936	-	-	-	-	2,047,936
Other, including:	12,121,423	49,892	17,596	13,874	109,861	12,312,646
- buy sell-back transactions	3,203,344	-	-	-	-	3,203,344
- term deposits with credit institutions	7,205,697	49,805	17,596	13,874	100,035	7,387,007
- deposits with ceding undertakings	-	87	-	-	-	87
- loans	1,712,382	-	-	-	9,826	1,722,208
Loans and receivables, total	14,169,359	65,557	17,596	13,874	135,152	14,401,538

33.4_loans_and_receivables-fair_value-2014_pzu_2013.xlsx