GENERAL MEETING DRAFT - Bankier.pl

If however the fall in the fair value of the instrument is over 20% but less than or equal to 50% or
continues for no less than 9 but no longer than 18 months, the Group analyses further income and market
indicators.
If the results of the analysis are such as to prejudice the recovery of the amount originally invested, a
lasting loss of value is recognized.
The amount taken to profit and loss is the difference between the carrying amount (acquisition cost less
any impairment loss already recognized in profit or loss) and current fair value.
Where instruments are valued at cost, the amount of the loss is determined as the difference between
their carrying value and the present value of estimated future cash flows, discounted at the current market
yield on similar financial assets.
If, in a subsequent period, the fair value of a debt instrument increases and the increase can be
objectively related to an event occurring after the impairment loss was recognised in profit or loss, the
impairment loss is reversed and the amount of the reversal is recognised in the same profit or loss item.
The reversal cannot result in a carrying amount of the financial asset that exceeds what the amortised
cost would have been had the impairment not been recognised.
Impairment losses recognised in profit or loss for an investment in an equity instrument classified as
available for sale are not reversed through profit or loss, but recognised at equity, even when the reasons
for impairment no longer obtain.
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Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and
fixed maturity for which there is the positive intention and ability to hold to maturity.
If, during the financial year, more than an insignificant amount of held-to-maturity investments are sold or
reclassified before maturity, the remaining HtM financial assets are reclassified as available-for-sale and
no financial assets are classified as HtM investments for the two following financial years, unless the
sales or reclassifications:
� are so close to maturity or the financial asset’s call date that changes in the market rate of interest
would not have a significant effect on the financial asset’s fair value;
� occur after substantially all of the financial asset’s original principal has been collected through
scheduled payments or prepayments;
� are attributable to an isolated event that is beyond the reporting entity’s control, is non-recurring
and could not have been reasonably anticipated.
After initial recognition at its fair value, which will usually be the price paid including transaction costs and
income directly attributable to the acquisition or provision of the financial asset (even if not yet settled), a
held-to-maturity financial asset is measured at amortised cost using the effective interest method. A gain
or loss is recognised in profit or loss in item 100 c) “Gains (losses) on disposal of HtM financial assets”
when the financial asset is derecognised.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
200