33.4 Loans and receivables

Loans and receivables31 December 201431 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

Loans and receivables as at 31 December 2014Carrying value by redemption date
up 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 and up to 5 yearsover 5 yearsTotal
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.

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 2013Carrying value by redemption date
up 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 and up to 5 yearsover 5 yearsTotal
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.

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 2014PLNEURHUFUAHOtherTotal
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

Loans and receivables as at 31 December 2013PLNUSDEURLTLUAHTotal
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