20. Gains/(losses) on financial transactions

Accounting policies

The net gain/(loss) on financial transactions includes gains and losses arising from disposal of financial instruments designated as financial assets / liabilities measured at fair value through profit or loss and the effect of their measurement at fair value. This item also includes the ineffective portion of cash flow hedges in the case of hedging strategies in which IRS contracts are the hedging instrument, as well as gains and losses on the hedging instrument and hedged item relating to the hedged risk (fair value hedges).

“Hedge accounting and other derivative instruments”,
“Securities”,
“Loans and advances to customers”

Financial information

Export to Excel

GAINS/(LOSSES) ON FINANCIAL TRANSACTIONS	2023	2022
Financial instruments held for trading, of which:	114	400
Derivatives¹	93	400
Equity instruments	4	(2)
Debt securities	16	2
Other	1	–
Financial instruments not held for trading, measured at fair value through profit or loss, of which:	62	(26)
Equity instruments	99	11
Debt securities	10	8
Loans and advances to customers	(47)	(45)
Hedge accounting	(9)	(16)
Total	167	358

¹ Of which due to stock options and stock exchange indices PLN 86 million (in 2022 - PLN 212 million) and IRS: PLN 66 million (in 2022 - PLN 145 million).