Polski
English
| Other provisions | 31 December 2014 | 31 December 2013 |
|---|---|---|
| Short-term | 177,400 | 177,307 |
| Long-term | 13,806 | 15,599 |
| Total other provisions | 191,206 | 192,906 |
| Changes in other provisions in the year ended 31 December 2014 | Opening balance | Increase | Utilisation | Release | Combinations | Exchange differences | Closing balance |
|---|---|---|---|---|---|---|---|
| Restructuring provision | - | 17,687 | -8,333 | - | - | - | 9,354 |
| Provisions created for potential liabilities relating to CLSiOR investments | 916 | - | - | -916 | - | - | - |
| Provision for disputed claims and potential liabilities under insurance contracts | 3,075 | 289 | - | -2,583 | - | - | 781 |
| Provision for the Office of Competition and Consumer Protection penalties | 119,549 | 2 | - | - | - | - | 119,551 |
| Provision for exit costs of the GraphTalk project | 50,944 | 509 | - | -28,785 | - | - | 22,668 |
| Provision for PTE’s reimbursement of undue fees to the Social Insurance Institution | 7,401 | - | -167 | - | - | - | 7,234 |
| Other | 11,021 | 14,878 | -4,506 | -2,489 | 12,522 | 192 | 31,618 |
| Total other provisions | 192,906 | 33,365 | -13,006 | -34,773 | 12,522 | 192 | 191,206 |
| Changes in other provisions in the year ended 31 December 2013 | Opening balance | Increase | Utilisation | Release | Closing balance |
|---|---|---|---|---|---|
| Provision for restructuring expenses | 58,194 | - | -39,568 | -18,626 | - |
| Provisions created for potential liabilities relating to CLSiOR investments | 916 | - | - | - | 916 |
| Provision for disputed claims and potential liabilities under insurance contracts | 2,687 | 388 | - | - | 3,075 |
| Provision for the Office of Competition and Consumer Protection penalties | 138,310 | - | -5,613 | -13,148 | 119,549 |
| Provision for exit costs of the GraphTalk project | 49,925 | 1,483 | - | -464 | 50,944 |
| Provision for PTE’s reimbursement of undue fees to the Social Insurance Institution | 8,836 | 477 | -329 | -1,583 | 7,401 |
| Other | 8,588 | 6,688 | -103 | -4,152 | 11,021 |
| Total other provisions | 267,456 | 9,036 | -45,613 | -37,973 | 192,906 |
The item "Provision for the Office of Competition and Consumer Protection penalties" is described in points 56.2 and 56.3.
Provisions for restructuring expenses are described in point 59.2.
Provision for the GraphTalk project exit costs in PZU Życie
The total “Provision for the GraphTalk project exit costs” includes the provision created for the costs of closing the IT GraphTalk project.
The provision was established in relation to completion of the GraphTalk project and failure to meet economic objectives. Additionally the provisions amount includes estimation of potential liabilities due to litigation with CSC Computer Sciences Sp. z o.o. – aspect described in point 56.4.
Provision for PTE’s reimbursement of fees collected from contributions overpaid by ZUS
A detailed method for determining and settlement of undue premiums to be returned is regulated in Article 100a of the Act on organisation and operation of pension funds of 28 August 1997 (Journal of Laws of 2013 item 989 as amended) pursuant to which if premiums unduly received are returned, the nominal amount of the service fee collected by the pension society managing a given fund should be returned to the Social Insurance Institution as well.
Since 2008, PTE PZU has been maintaining a provision for reimbursement of handling fees related to excess premiums paid by the Social Insurance Institution in previous periods. The calculation is made on the basis of information provided by the Social Security Institution for the years 1999 - 2013 (in 2014, the Social Security Institution has not provided any new information) and the rate of payment of premiums charged by PTE PZU.
Due to the fact that, as at signing of the consolidated financial statements, not all required information has been received from the Social Security Institution, it is not possible to specify the date of return of the fees on premiums.
