Selected financial data derived from the consolidated financial statements
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated statement of cash flows
1. Activities of the Group
2. Changes in the Group companies
3. Information on members of the supervisory board and management board
4. Approval of the consolidated financial statements
5. Representation by the management board
6. Statement of compliance
7. Going concern
8. The basis for preparation of the financial statements
9. Functional currency, presentation currency and foreign currencies
10. Basis of consolidation
10.1. Subsidiaries
10.2. Consolidation
10.3. Acquisition of subsidiaries (business combinations)
10.4. Associates and joint ventures
11. General accounting policies for financial instruments
11.1. Accounting for transactions
11.2. Offsetting financial instruments
11.3. Derecognition of financial instruments from the statement of financial position
11.4. The principles for classification of financial instruments
11.5. Financial assets measured at amortized cost
11.6. Financial assets measured at fair value through other comprehensive income
11.7. Financial assets measured at fair value through profit or loss
11.8. Equity instruments
11.9. Reclassification of financial assets
11.10. Modifications – changes in contractual cash flows
11.11. Measurement of purchased or originated credit-impaired financial assets (poci)
11.12. Measurement of financial liabilities
12. Environmental issues
13. Changes in accounting policies applicable from 1 january 2023 and explanation of the differences between previously published financial statements and these financial statements
14. IFRS 17 “Insurance contracts”
14.1. Measurement and presentation of insurance products
14.2. Impact assessment - classification and measurement
14.3. Impact of IFRS 17 on own funds and capital adequacy measures
15. New standards and interpretations and their amendments
16. Segment reporting
17. Interest income and expense
18. Fee and commission income and expenses
19. Dividend income
20. Gains/(losses) on financial transactions
21. Foreign exchange gains/ (losses)
22. Gains/(losses) on derecognition of financial instruments
23. Other operating income and expenses
24. Net allowances for expected credit losses
25. Impairment of non-financial assets
26. Cost of the legal risk of mortgage loans in convertible currencies
27. Administrative expenses
28. Tax on certain financial institutions
29. Income tax
30. Earnings per share
31. Cash and balances with central bank
32. Amounts due from banks
33. Hedge accounting and other derivative instruments
33.1. Hedge accounting – financial information
33.2. Other derivative instruments – financial information
34. Securities
35. Loans and advances to customers
36. Amounts due to banks
37. Amounts due to customers
38. Financing received
38.1. Loans and advances received
38.2. Liabilities in respect of debt securities in issue
38.3. Subordinated liabilities
39. Accounting policies
39.1. Transition date
39.2. Main elements of measurement according to ifrs 17
39.2.1. Identification and aggregation of insurance contracts
39.2.2. Contract boundaries
39.2.3. Valuation methods
39.2.4. Best estimate of future cash flows
39.2.5. Discounting
39.2.6. Adjustment for non-financial risk
39.2.7. Contractual service margin (csm)
39.2.8. Insurance finance income or expenses
39.2.9. Outward reinsurance contracts
39.3. Net income from insurance business and finance income and costs recognised in other comprehensive income
39.4. Change in assets and liabilities in respect of insurance activities broken down by liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC)
39.5. Change in assets and liabilities in respect of insurance activities, with a breakdown of the components: estimates of cash flows, estimates of present value of future cash flows, risk adjustment for non-financial risk and contractual service margin
39.6. Other disclosures
40. Intangible assets
41. Property, plant and equipment
42. Investments in associates and joint ventures
42.1. Joint ventures
42.2. Associates
43. Associates
44. Other liabilities
45. Provisions
46. Contingent liabilities and off-balance sheet liabilities received and granted
47. Legal claims
48. Equity and shareholding structure of the Bank
49. Fair value hierarchy
50. Financial assets and financial liabilities not presented at fair value in the consolidated statement of financial position
51. Risk management within the Group
52. Specific activities in the area of risk management undertaken by the Group n 2023
53. Credit risk management
54. Credit risk management - financial information
54.1. Financial assets by stage
54.2. Change in the gross carrying amount
54.3. Changes in allowances for expected credit losses
54.4. Other disclosures
55. Offsetting financial assets and financial liabilities
56. Managing credit concentration risk in the Group
57. Collateral
58. Exposure to the counterparty credit risk
59. Forbearance practices
60. Information on securitization of the lease portfolio and package sale of receivables
61. Management of currency risk associated with mortgage loans for individuals
62. Interest rate risk management
63. Currency risk management
63.1. Financial assets and liabilities by currency
64. Liquidity risk management
64.1. Contractual cash flows from the Group’s financial liabilities, including derivative financial instruments
64.2. Assets pledged as collateral for liabilities and transferred financial assets
64.3. Current and non-current assets and liabilities
65. Operational risk management
66. ESG risk management
67. Management of insurance and financial risks in the group's insurance business
67.1. Insurance risk
67.2. Financial risk
67.3. Capital
67.4. Insurance and financial risks in insurance business - financial information
68. Capital adequacy
69. Leverage ratio
70. Dividends and distribution of retained earnings
71. Notes to the consolidated cash flow statement
72. Transactions with the State Treasury and related parties
73. Benefits for the PKO Bank Polski SA key management
74. Leases
74.1. Leases - Lessor
74.2. Leases - lessee
74.3. Lessee
74.4. Lessor – Operating leases
74.5. Lessor – Finance leases
75. Government grants
76. Information on the entity authorized to audit the financial statements
77. Impact of the geopolitical situation in Ukraine on the PKO Bank Polski S.A. Group
78. Interest rate benchmarks reform
79. Events that occurred after the date on which the financial statements are prepared
