|Investment contracts – carrying amount||31 December 2013||31 December 2012|
|Investment contracts with guaranteed and fixed terms and conditions||1 250 492||1 297 224|
|- measured at amortized cost||1 250 492||1 297 224|
|Unit linked investment contracts||870 545||1 001 923|
|Total investment contracts – carrying amount||2 121 037||2 299 147|
Upon initial recognition, unit-linked investment contracts were designated as financial liabilities measured at fair value through profit or loss.
The fair value of liabilities under investment contracts with guaranteed and fixed terms and conditions does not differ substantially from the carrying amount.
Financial assets related to investment contracts:
- with guaranteed and fixed terms – bank deposits presented as “Loans – term deposits with credit institutions” (Section 14.4) or treasury bonds classified mainly as held to maturity;
- unit-linked – include mainly units in investment funds, recognized as “Financial instruments measured at fair value through profit or loss – held for trading – equity instruments – not quoted on a regulated market”, derivatives recognized as “Financial instruments measured at fair value through profit or loss – held for trading – derivatives” (presented in Section 14.3) and bank deposits.