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54. Assets recognised as collateral of receivables, liabilities and contingent liabilities

54.1 Financial assets recognised as collateral of liabilites

As at 31 December 2014 the treasury bonds with the carrying amount of PLN 4,413,363 thousand (PLN 5,123,990 thousand, as at 31 December 2013) held by the companies in PZU Group were used as collateral of the sell buy-back transactions described in point 52.2..

54.2 Financial assets recognised as collateral for granted loans

As at 31 December 2014 and 31 December 2013, PZU and PZU Życie were party to buy sell-back transactions and granted loans secured on financial assets.

Information about the values of these transactions has been provided in point 33.4.

Tangible assets

As at 31 December 2014, assets held for sale were mortgaged up to the total amount of PLN 51,209 thousand (PLN 49,146 thousand, as at 31 December 2013).