Accounting policies
Valuation and classification into categories is carried out in accordance with the principles for determining the business model and assessing the characteristics of contractual cash flows referred to in note „General accounting policies for financial instruments”. Detailed policies concerning “Liabilities in respect of insurance products” are described in note „Insurance business” i „IFRS 17 Insurance contracts”.
The item “Amounts due to customers” also includes an adjustment relating to fair value hedge accounting for amounts due to customers representing hedged items (note „Hedge accounting and other derivative instruments”).
Financial information
| AMOUNTS DUE TO CUSTOMERS | Amounts due to households | Amounts due to business entities | Amounts due to state budget entities | Total |
|---|---|---|---|---|
| 31.12.2023 | ||||
| Measured at fair value through profit or loss | 165 | 277 | – | 442 |
| Liabilities in respect of a short position in securities | – | 277 | – | 277 |
| Liabilities in respect of insurance products | 165 | – | – | 165 |
| Measured at amortized cost | 306,450 | 76,372 | 15,517 | 398,339 |
| Cash on current accounts and overnight deposits of which | 201,238 | 55,097 | 14,551 | 270,886 |
| savings accounts and other interest-bearing assets | 49,845 | 18,765 | 9,956 | 78,566 |
| Term deposits | 104,689 | 20,450 | 927 | 126,066 |
| Other liabilities | 505 | 825 | 39 | 1,369 |
| Liabilities in respect of insurance products | 18 | – | – | 18 |
| Amounts due to customers (excluding adjustment relating to fair value hedge accounting) | 306,615 | 76,649 | 15,517 | 398,781 |
| Adjustment relating to fair value hedge accounting (note „Hedge accounting and other derivative instruments„) | 412 | – | – | 412 |
| Total | 307,027 | 76,649 | 15,517 | 399,193 |
| AMOUNTS DUE TO CUSTOMERS | Amounts due to households | Amounts due to business entities | Amounts due to state budget entities | Total |
|---|---|---|---|---|
| 31.12.2022 | ||||
| Measured at fair value through profit or loss | 149 | 5 | – | 154 |
| Liabilities in respect of a short position in securities | – | 5 | – | 5 |
| Liabilities in respect of insurance products | 149 | – | – | 149 |
| Measured at amortized cost | 262,948 | 58,634 | 17,188 | 338,770 |
| Cash on current accounts and overnight deposits of which | 180,298 | 40,290 | 16,224 | 236,812 |
| savings accounts and other interest-bearing assets | 41,953 | 12,933 | 11,615 | 66,501 |
| Term deposits | 82,127 | 17,748 | 913 | 100,788 |
| Other liabilities | 505 | 596 | 51 | 1,152 |
| Liabilities in respect of insurance products1 | 18 | – | – | 18 |
| Amounts due to customers (excluding adjustment relating to fair value hedge accounting) | 263,097 | 58,639 | 17,188 | 338,924 |
| Adjustment relating to fair value hedge accounting (note “Hedge accounting and other derivative instruments„) | (56) | – | – | (56) |
| Total | 263,041 | 58,639 | 17,188 | 338,868 |
1 Liabilities in respect of insurance products as at 31 December 2022 have been adjusted by PLN 714 million for the implementation of IFRS 17 "Insurance Contracts" (see note „IFRS 17 Insurance Contracts”)
| AMOUNTS DUE TO CUSTOMERS BY MATURITY (excluding adjustment relating to fair value hedge accounting) | 31.12.2023 | 31.12.2022 |
|---|---|---|
| Measured at fair value through profit or loss: | 442 | 154 |
| up to 1 month | 277 | 5 |
| Measured at amortized cost: | 398,339 | 338,770 |
| up to 1 month | 308,655 | 272,203 |
| 1 to 3 months | 35,935 | 29,307 |
| 3 months to 1 year | 39,428 | 10,392 |
| 1 to 5 years | 8,600 | 21,520 |
| more than 5 years | 5,721 | 5,348 |
| Total | 398,781 | 338,924 |
| AMOUNTS DUE TO CUSTOMERS BY SEGMENT | 31.12.2023 | 31.12.2022 |
|---|---|---|
| Amounts due to customers (excluding adjustment relating to fair value hedge accounting) | 398,781 | 338,924 |
| retail and private banking | 275,458 | 234,382 |
| corporate | 69,502 | 55,812 |
| companies and enterprises | 53,636 | 48,562 |
| other liabilities (including liabilities in respect of insurance products) | 185 | 168 |
| Adjustment relating to fair value hedge accounting (note “Hedge accounting and other derivative instruments„) | 412 | (56) |
| Total | 399,193 | 338,868 |