28. Provisions for employee benefits

Due to the adopted accounting principles and the fact that the PZU Group companies did not separate defined benefit assets, the carrying amount of defined benefit provisions is equal to the present value of the corresponding liabilities.

The actuarial assumptions used for the purpose of estimating provisions for employee benefits have been presented in Section 4.8.

Provisions for employee benefits31 December 201331 December 2012
Provision for unused annual leave 60 094 46 658
Post-employment benefits 31 365 28 605
- defined benefit plans 12 141 12 145
- provisions for retirement severance pay 19 224 16 460
- provisions for death benefits 31 921 32 044
Other long-term employee benefits - 1 191
- other 1 31 921 30 853
Total provisions for employee benefits 123 380 107 307

1) This item includes mainly a provision for post-employment social benefits, as referred to in Section 3.19.3.

 

Net revenue and expenses recognized in profit or loss and related to provisions for employee benefits1 January - 31 December 20131 January - 31 December 2012
Net revenue (expenses) recognized in profit or loss (4 574) 176 705
Defined benefit plans (5 700) 67 043
- provisions for retirement benefits (2 654) 68 770
- provisions for death benefits (3 046) (1 727)
Other long-term employee benefits 1 126 109 662
- provisions for jubilee bonuses 1 191 109 516
- other (65) 146
Net revenue (expenses) recognized in other comprehensive income 902 -
Defined benefit plans 902 -
- provisions for retirement benefits 862 -
- provisions for death benefits 40 -
Total net revenue and expenses recognized in profit or loss and related to provisions for employee benefits (3 672) 176 705