On the basis of the input data used for fair value measurement, individual assets and liabilities for which the fair value is presented, have been classified to the following levels:
- Level I – Financial assets and liabilities measured based on listed prices (unadjusted) from active markets for identical assets and liabilities. The level includes:
- listed liquid debt securities;
- listed shares;
- listed derivatives;
- Level II – assets and liabilities measured based on input data other than listed prices, classified to Level I, which can be directly (as prices) or indirectly (on the basis of prices) observed on the market. The level includes:
- unlisted debt securities and non-liquid debt securities (including other than treasury debt securities issued by other financial entities, local government and entities from outside the financial sector);
- other than listed derivatives;
- investment fund units;
- investment property or property held for sale, measured with the use of the comparable method, including available development land and some smaller and less valuable buildings (such as residential premises, garages etc.);
- liabilities to participants in consolidated investment funds;
- unit-linked investment contracts.
- Level III – financial instruments measured based on input data unobserved on the existing markets (unobservable input data). The level includes:
investment property or property held for sale, measured using the income method.Assets and liabilities measured at fiar value as at 31 December 2013 | Level I | Level II | Level III | Total |
---|---|---|---|---|
Assets | ||||
Financial instruments held to maturity | 19 668 604 | 120 882 | - | 19 789 486 |
Financial instruments available for sale | 1 637 420 | 281 625 | - | 1 919 045 |
Equity instruments | 370 228 | 37 660 | - | 407 888 |
Debt securities | 1 267 192 | 243 965 | - | 1 511 157 |
Financial instruments measured at fair value through profit or loss - classified as such upon initial recognition | 10 610 724 | 264 117 | - | 10 874 841 |
Equity instruments | 487 287 | 264 117 | - | 751 404 |
Debt securities | 10 123 437 | - | - | 10 123 437 |
Financial instruments measured at fair value held for trading | 5 976 711 | 2 938 550 | - | 8 915 261 |
Equity instruments | 2 528 806 | 2 553 048 | - | 5 081 854 |
Debt securities | 3 442 825 | 130 575 | - | 3 573 400 |
Derivatives | 5 080 | 254 927 | - | 260 007 |
Investment property | - | 162 441 | 1 312 329 | 1 474 770 |
Assets held for sale 1 | - | 38 568 | 51 435 | 90 003 |
Liabilities | ||||
Derivatives | 1 169 | 236 580 | - | 237 749 |
Liabilities to participants in consolidated investment funds | - | 267 335 | - | 267 335 |
Unit-linked investment contracts | - | 870 545 | - | 870 545 |
1) Additional information concerning assets held for sale has been presented in Section 24.
Assets and liabilities measured at fiar value as at 31 December 2012 | Level I | Level II | Level III | Total |
---|---|---|---|---|
Aktywa | ||||
Financial instruments held to maturity | 22 668 336 | 120 018 | - | 22 788 354 |
Financial instruments available for sale | 1 737 277 | 2 060 876 | - | 3 798 153 |
Equity instruments | 429 482 | 1 370 655 | - | 1 800 137 |
Debt securities | 1 307 795 | 690 221 | - | 1 998 016 |
Financial instruments measured at fair value through profit or loss - classified as such upon initial recognition | 7 907 300 | 479 649 | - | 8 386 949 |
Equity instruments | 5 319 | 166 933 | - | 172 252 |
Debt securities | 7 901 981 | 312 716 | - | 8 214 697 |
Financial instruments measured at fair value held for trading | 4 711 205 | 2 530 247 | - | 7 241 452 |
Equity instruments | 1 968 840 | 2 258 049 | - | 4 226 889 |
Debt securities | 2 742 365 | 108 128 | - | 2 850 493 |
Derivatives | - | 164 070 | - | 164 070 |
Investment property | - | 112 797 | 451 607 | 564 404 |
Assets held for sale 1 | - | - | 4 461 | 4 461 |
Liabilities | ||||
Derivatives | - | 129 921 | - | 129 921 |
Liabilities to participants in consolidated investment funds | - | - | - | |
Unit-linked investment contracts | - | 1 001 923 | - | 1 001 923 |
1) Additional information concerning assets held for sale has been presented in Section 24.
Level III investment property | 31 December 2013 | 31 December 2012 |
---|---|---|
Office property | 888 458 | 395 635 |
Commercial property | 214 440 | - |
Warehouse property | 183 790 | - |
Other | 25 641 | 55 972 |
Level III investment property, total | 1 312 329 | 451 607 |