Accounting policies
Financial assets held to maturity are financial assets which are not derivatives, with determined or determinable payments and maturities, which were acquired with the intention of holding and the Group is able to hold them to maturity, other than those designated by the Group as measured at fair value through profit or loss upon initial recognition, designated by the Group as available for sale, meeting the definition of loans and advances.
These assets are measured at amortized cost using the effective interest rate, net of impairment losses.
Financial information
| INVESTMENT SECURITIES HELD TO MATURITY | 31.12.2017 | 31.12.2016 |
|---|---|---|
| Debt securities, of which | ||
| Treasury bonds (in PLN) | 1 663 | 199 |
| Treasury bonds (in foreign currencies) | 149 | 267 |
| Total | 1 812 | 466 |
The “PLN Treasury bonds” item includes the Republic of Poland State Treasury Bonds. The item “Foreign currency Treasury bonds” includes State Treasury Bonds of the Ukraine.
Debt securities held to maturity as at 31 December 2017 and 31 December 2016 are Treasury bonds which are not overdue and not impaired.
| DEBT SECURITIES IN THE HELD-TO-MATURITY PORTFOLIO AT CARRYING AMOUNT - BY MATURITY | 31.12.2017 | 31.12.2016 |
|---|---|---|
| up to 1 month | 95 | 3 |
| 1 to 3 months | 53 | 5 |
| 3 months to 1 year | 3 | 90 |
| 1 to 5 years | 557 | 342 |
| over 5 years | 1 104 | 26 |
| Total | 1 812 | 466 |