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40.1 Deferred acquisition costs – non-life insurance

Change in deferred acquisition costs in non-life insurance1 January – 31 December 20141 January – 31 December 2013
Carrying amount – opening balance 546,476 512,890
Deferred acquisition costs 689,604 571,978
Depreciation for the period recognized in the statement of profit or loss -572,310 -538,131
Transfer of PZU Lietuva's assets to assets held for sale due to the transaction described in point 60.7. 1). -15,136 -
Exchange difference -4,183 -261
Carrying amount – closing balance 644,451 546,476

1) The decrease of deferred acquisition expenses was translated at average rate described in Note 5.3.