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36. Impairment of financial assets and receivables

Changes in impairment losses on financial assets in the year ended 31 December 2014Impairment losses – opening balanceRecognition of impairment losses in the statement of profit or lossReversal of impairment losses in the statement of profit or lossDerecognition of impairment losses (sale, write-off etc.)Exchange differenceChange in group compositionOther changes in impairment losses 2)Impairment losses – closing balance
Available-for-sale financial instruments 154,899 3,945 - - -681 - - 158,163
Equity instruments 154,899 3,945 - - -681 - - 158,163
Financial assets held to maturity 1,202 - - - 33 - - 1,235
Debt instruments 1,202 - - - 33 - - 1,235
Loans and receivables 24,725 10,242 - - 86 - -10,033 25,020
Debt instruments - 10,144 - - - - - 10,144
Term deposits with credit institutions 9,797 - - - 100 - -9,897 -
Loans 14,928 98 - - -14 - -136 14,876
Receivables, including insurance receivables 651,579 66,974 -128,024 -4,269 -3,216 13,273 -2,670 593,647
Receivables from direct insurance 597,608 58,748 -94,279 -1,418 -2,616 10,143 -2,285 565,901
Reinsurance receivables 4,619 5,319 -4,938 - - 21 - 5,021
Other receivables 49,352 2,907 -28,807 1) -2,851 -600 3,109 -385 22,725
Reinsurers’ share in technical provisions 4,828 21,88 -9,178 - 1 - - 17,531
Total 837,233 103,041 -137,202 -4,269 -3,777 13,273 -12,703 795,596

1) including reversal of impairment losses in the amount of PLN 26,275 thousand due to a mortgage loan granted to Metro-Projekt Sp. z o.o. described in point 56.6.
2) this item presents the transfer of impairment losses of PZU Lietuva's assets to assets held for sale due to the transaction described in point 59.9.1. The decreaseof impairment losses was translated at average rate presented in Note 5.3.

Changes in impairment losses on financial assets in the year ended 31 December 2013Impairment losses – opening balanceRecognition of impairment losses in the statement of profit or lossReversal of impairment losses in the statement of profit or lossDerecognition of impairment losses (sale, write-off etc.)Exchange differenceChange in group compositionImpairment losses – closing balance
Available-for-sale financial instruments 164,273 110 - -9,429 -55 - 154,899
- equity instruments 164,273 110 - -9,429 -55 - 154,899
Financial assets held to maturity - - - - -19 1,221 1,202
- debt instruments - - - - -19 1,221 1,202
Loans and receivables 24,582 - - - 143 - 24,725
Term deposits with credit institutions 9,657 - - - 140 - 9,797
Loans 14,925 - - - 3 - 14,928
Receivables, including insurance receivables 606,747 58,572 -11,900 -3,342 -229 1,731 651,579
Receivables from direct insurance 568,127 40,847 -10,111 -2,687 -182 1,614 597,608
Reinsurance receivables 3,959 1,220 -438 -122 - - 4,619
Other receivables 34,661 16,505 -1,351 -533 -47 117 49,352
Reinsurers’ share in technical provisions 8,037 1,348 -4,557 - - - 4,828
Total 803,639 60,030 -16,457 -12,771 -160 2,952 837,233

Credit quality of financial assets as at 31 December 2014Carrying amount of assets that are not past dueCarrying amount of past due assetsCarrying amountImpairment lossesGross book value
impairednot impairedup to 3 monthsover 3 months and up to 6 monthsover 6 monthsindividualgroup
Financial assets held to maturity - 19,983,689 - - - 19,983,689 1,235 - 19,984,924
Available-for-sale financial instruments - 2,434,865 - - - 2,434,865 - - 2,434,865
Loans and receivables 193,144 14,501,059 278 -   14,694,481 25,020 - 14,719,501
Debt instruments 193,144 2,797,411 - - - 2,990,555 10,144 - 3,000,699
Buy sell-back transactions - 3,250,173 - - - 3,250,173 - - 3,250,173
Term deposits with credit institutions - 6,143,503 278 -   6,143,781 - - 6,143,781
Loans - 2,309,972 - - - 2,309,972 14,876 - 2,324,848
Receivables, including insurance receivables 658,762 2,012,489 142,696 36,282 218,584 3,068,813 62,866 530,781 3,662,460
Receivables from direct insurance 654,682 791,053 133,175 34,199 96,974 1,710,083 35,25 530,651 2,275,984
Reinsurance receivables 98 20,042 6,266 461 1,815 28,682 5,021 - 33,703
Other receivables 3,982 1,201,394 3,255 1,622 119,795 1) 1,330,048 22,595 130 1,352,773
Reinsurers’ share in technical provisions 79,569 673,546 - - - 753,115 17,531 - 770,646
Total 931,475 39,605,648 142,974 36,282 218,584 40,934,963 106,652 530,781 41,572,396

1) including PLN 109,478 thousand due to a mortgage loan to Metro-Projekt sp. z o.o. described in 56.6.

Credit quality of financial assets as at 31 December 2013Carrying amount of assets that are not past dueCarrying amount of past due assetsCarrying amountImpairment lossesGross book value
impairednot impairedup to 3 monthsover 3 months and up to 6 monthsover 6 monthsindividualgroup
Financial assets held to maturity - 18,859,902 - - - 18,859,902 1,202 - 18,861,104
Available-for-sale financial instruments - 1,511,157 - - - 1,511,157 - - 1,511,157
Loans and receivables - 14,401,538 - - - 14,401,538 24,725 - 14,141,262
Debt instruments - 2,088,892 - - - 2,088,892 - - 2,088,892
Buy sell-back transactions - 3,203,344 - - - 3,203,344 - - 3,203,344
Term deposits with credit institutions - 7,387,007 - - - 7,387,007 9,797 - 7,396,804
Deposits with ceding undertaking - 87 - - - 87 - - 87
Loans - 1,722,208 - - - 1,722,208 14,928 - 1,737,136
Receivables, including insurance receivables 215,334 2,064,538 148,616 27,267 216,209 2,671,964 90,974 560,605 3,323,543
Receivables from direct insurance 207,110 893,232 145,401 25,953 112,629 1,384,325 37,114 560,494 1,981,933
Reinsurance receivables 1,107 17,692 - - 29 18,828 4,619 - 23,447
Other receivables 7,117 1,153,614 3,215 1,314 103,551 1) 1,268,811 49,241 111 1,318,163
Reinsurers’ share in technical provisions 38,870 487,735 - - - 526,605 4,828 - 531,433
Total 254,204 37,324,870 148,616 27,267 216,209 37,971,166 121,729 560,605 38,653,500

1) including PLN 83,203 thousand due to a mortgage loan to Metro-Projekt sp. z o.o. described in point 56.6.