14.5 Exposure to debt securities issued by treasuries other than Polish treasury, companies and local government authorities

The table below presents the exposure of the PZU Group companies to bonds issued by treasuries other than the Polish treasury, companies and local government authorities. Financial instruments classified to portfolios held to maturity as well as loans have been presented as measured at amortized cost, while financial instruments classified as available for sale and measured at fair value through profit or loss (classified as such both upon initial recognition and held for trading) have been presented as measured at fair value.

14.5.1 Debt securities issued by treasuries other than Polish treasury

As at 31 December 2013CurrencyClassificationPurchase priceCarrying amountFair valueImpair-ment loss
Croatia EUR At fair value 142 143 143 -
Croatia USD At fair value 37 855 36 590 36 590 -
Iceland USD At fair value 88 150 84 365 84 365 -
Lithuania EUR At fair value 1 888 1 992 1 992 -
Lithuania LTL At fair value 3 255 3 351 3 351 -
Lithuania USD At fair value 14 354 14 893 14 893 -
Lithuania EUR At amortized cost 74 206 75 835 79 247 -
Lithuania LTL At amortized cost 81 242 82 012 84 393 -
Latvia USD At fair value 35 960 33 737 33 737 -
Germany EUR At fair value 129 700 126 939 126 939 -
Romania EUR At fair value 367 476 376 748 376 748 -
Romania RON At fair value 108 132 108 686 108 686 -
Romania USD At fair value 27 985 27 856 27 856 -
Slovenia EUR At fair value 370 715 422 048 422 048 -
Slovenia USD At fair value 131 869 127 969 127 969 -
Ukraine USD At fair value 12 678 10 933 10 933 -
Ukraine UAH At amortized cost 25 095 14 556 no data -
Ukraine USD At amortized cost 17 070 15 665 no data -
Hungary EUR At fair value 121 054 131 296 131 296 -
Hungary EUR At amortized cost 5 124 5 324 5 420 -
Turkey TRL At fair value 45 746 41 963 41 963 -
Other EUR/USD At fair value 57 363 59 068 59 068 -
Total     1 757 059 1 801 969 n/a -
   
As at 31 December 2012CurrencyClassificationPurchase priceCarrying amountFair valueImpair-ment loss
Iceland USD At fair value 220 577 227 493 227 493 -
Lithuania LTL At amortized cost 57 395 63 981 67 105 -
Lithuania EUR At amortized cost 39 989 39 909 43 200 -
Lithuania LTL At fair value 15 164 14 980 14 980 -
Lithuania EUR At fair value 4 455 4 455 4 455 -
Germany EUR At fair value 62 787 59 448 59 448 -
Romania EUR At fair value 340 284 344 041 344 041 -
Slovenia EUR At fair value 109 990 115 576 115 576 -
Slovenia USD At fair value 77 104 81 735 81 735 -
Ukraine UAH At amortized cost 17 114 14 090 No data -
Ukraine USD At amortized cost 3 344 3 206 3 294 -
Hungary EUR At amortized cost 2 278 2 430 2 459 -
Hungary CHF At fair value 8 685 8 613 8 613 -
Hungary EUR At fair value 37 319 41 157 41 157 -
Hungary HUF At fair value 270 683 264 689 264 689 -
Total     1 267 168 1 285 803 n/a -

All debt securities issued by governments other than the government of Poland, which have been measured at fair value or for which the fair value has been presented (classified to the portfolio held to maturity) are at Level I of the fair value hierarchy.

14.5.2 Debt securities issued by companies and local government authorities

As at 31 December 2013ClassificationPurchase priceCarrying amountFair valueImpair-ment loss
Companies from WIG – Banki At fair value 138 661 140 340 140 340 -
  At amortized cost 1 336 121 1 349 381 No data -
Companies from WIG-Paliwa At fair value 268 489 283 249 283 249 -
  At amortized cost 700 000 700 816 No data -
Domestic banks not listed At amortized cost 65 000 66 227 No data -
Foreign banks At fair value 552 634 634 -
  At amortized cost 90 548 92 296 No data -
Local authorities At fair value 45 632 54 279 54 279 -
  At amortized cost 50 000 52 507 No data -
Other At fair value 5 154 5 573 5 573 -
  At amortized cost 23 657 23 835 22 408 -
Other impaired At fair value 11 630 - - 11 630
Foreign banks impaired At amortized cost 1 142 - - 1 142
Razem   2 736 586 2 769 137 n/a 12 772
   
As at 31 December 2012ClassificationPurchase priceCarrying amountFair valueImpair-ment loss
Companies from WIG – Banki At fair value 161 653 163 261 163 261 -
  At amortizec cost 954 838 971 931 No data -
Companies from WIG-Paliwa At fair value 259 390 275 928 275 928 -
  At amortizec cost 700 000 701 234 No data -
Domestic banks not listed At amortizec cost 65 000 66 866 No data -
Foreign banks At fair value 102 142 142 -
  At amortizec cost 86 936 87 248 No data -
Local authorities At fair value 45 632 53 010 53 010 -
  At amortizec cost 50 000 52 509 54 398 -
Other At amortizec cost 62 805 63 024 No data -
Other impaired At fair value 11 630 - - 11 630
Total   2 397 986 2 435 153 n/a 11 630