17. Impairment of financial assets and receivables

Changes in impairment losses on financial assets in the year ended 31 December 2013Impairment losses – opening balanceImpairment losses recognized in the income statementRelease of impairment losses recognized in the income statementDerecognition of impairment losses from the accounting records (sale etc.)Exchange differencesChange in composition of the groupImpairment losses – closing balance
Financial assets available for sale 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 24 582 - - - 143 - 24 725
Term deposits with credit institutions 9 657 - - - 140 - 9 797
Loans 14 925 - - - 3 - 14 928
Receivables, including under insurance contracts 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
Receivables from reinsurance 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
Changes in impairment losses on financial assets in the year ended 31 December 2012Impairment losses – opening balanceImpairment losses recognized in the income statementRelease of impairment losses recognized in the income statementDerecognition of impairment losses from the accounting records (sale etc.)Exchange differencesImpairment losses – closing balance
Financial assets available for sale 253 372 14 915 - (103 814) (200) 164 273
- equity instruments 253 372 14 915 - (103 814) (200) 164 273
Loans 28 770 - - (3 400) (788) 24 582
Term deposits with credit institutions 10 434 - - - (777) 9 657
Loans 18 336 - - (3 400) (11) 14 925
Receivables, including under insurance contracts 581 209 96 860 (42 614) (27 581) (1 127) 606 747
Receivables from direct insurance 512 855 95 693 (37 340) (2 160) (921) 568 127
Receivables from reinsurance 4 848 89 (862) (116) - 3 959
Other receivables 63 506 1 078 (4 412) (25 305) (206) 34 661
Reinsurers’ share in technical provisions 18 613 12 064 (22 640) - - 8 037
Total 881 964 123 839 (65 254) (134 795) (2 115) 803 639
 
  Credit quality of financial assets as at 31 December 2013Net carrying amount of assets that are not past dueNet carrying amount of assets that are past dueNet carrying amountImpairment lossesGross value
 impairednot impairedup to 3 monthsover 3 months and up to 6 monthsover 6 months recognized for individual assetsrecognized collective 
Financial assets held to maturity - 18 859 902 - - - 18 859 902 1 202 - 18 861 104
Debt securities - 18 859 902 - - - 18 859 902 1 202 - 18 861 104
Financial assets available for sale - 1 511 157 - - - 1 511 157 - - 1 511 157
Debt securities - 1 511 157 - - - 1 511 157 - - 1 511 157
Loans - 14 116 537 - - - 14 116 537 24 725 - 14 141 262
Debt securities - 2 088 892 - - - 2 088 892 - - 2 088 892
Reverse repo transactions - 2 918 343 - - - 2 918 343 - - 2 918 343
Term deposits with credit institutions - 7 387 007 - - - 7 387 007 9 797 - 7 396 804
Deposits with ceding undertakings - 87 - - - 87 - - 87
Loans - 1 722 208 - - - 1 722 208 14 928 - 1 737 136
Receivables, including under insurance contracts 215 334 2 057 560 148 616 27 267 216 209 2 664 986 90 974 560 605 3 316 565
Receivables from direct insurance 207 110 893 232 145 401 25 953 112 629 1 384 325 37 114 560 494 1 981 933
Receivables from reinsurance 1 107 17 692 - - 29 18 828 4 619 - 23 447
Other receivables 7 117 1 146 636 3 215 1 314 103 551 1 1 261 833 49 241 111 1 311 185
Reinsurers’ share in technical provisions 38 870 487 735 - - - 526 605 4 828 - 531 433
Total 254 204 37 032 891 148 616 27 267 216 209 37 679 187 121 729 560 605 38 361 521

1) including PLN 83,203 thousand due to a mortgage loan extended to Metro-Projekt sp. z o.o. described in section 52.7 of the notes.

Credit quality of financial ssets as at 31 December 2012Net carrying amount of assets that are not past dueNet carrying amount of assets that are past dueNet carrying amountImpairment lossesGross value
 impairednot impairedup to 3 monthsover 3 months and up to 6 monthsover 6 months recognized for individual assetsrecognized for asset classes 
Financial assets held to maturity - 21 117 559 - - - 21 117 559 - - 21 117 559
Debt securities - 21 117 559 - - - 21 117 559 - - 21 117 559
Financial assets available for sale - 1 998 016 - - - 1 998 016 - - 1 998 016
Debt securities - 1 998 016 - - - 1 998 016 - - 1 998 016
Loans - 9 752 615 - - - 9 752 615 24 582 - 9 777 197
Debt securities - 1 748 834 - - - 1 748 834 - - 1 748 834
Reverse repo transactions - 2 466 157 - - - 2 466 157 - - 2 466 157
Term deposits with credit institutions - 4 516 174 - - - 4 516 174 9 657 - 4 525 831
Deposits with ceding undertakings - 329 - - - 329 - - 329
Loans - 1 021 121 - - - 1 021 121 14 925 - 1 036 046
Receivables, including under insurance contracts 204 639 1 220 702 81 082 63 243 266 127 1 835 793 77 146 529 601 2 442 540
Receivables from direct insurance 195 265 887 100 77 293 62 183 147 152 1 368 993 38 526 529 601 1 937 120
Receivables from reinsurance 2 330 12 709 - - 60 15 099 3 959 - 19 058
Other receivables 7 044 320 893 3 789 1 060 118 915 1) 451 701 34 661 - 486 362
Reinsurers’ share in technical provisions 67 298 682 036 - - - 749 334 8 037 - 757 371
Total 271 937 34 770 928 81 082 63 243 266 127 35 453 317 109 765 529 601 36 092 683

1) including PLN 98,373 thousand due to a mortgage loan extended to Metro-Projekt sp. z o.o. described in section 52.7 of the notes.