GENERAL MEETING DRAFT - Bankier.pl

Allowances for unsecured loans to residents of countries experiencing debt service difficulties, where the
transfer risk is not included in the rating system applied, are generally determined, country by country,
with the aim of attributing latent impairment on the basis of shared parameters.
Allowances for impairment reduce the loan or receivable’s carrying amount. The risk inherent in offbalance-sheet
items, such as loan commitments, is recognised in profit or loss under item 130(d)
“Impairment losses (d) other financial assets” offsetting the liability item 120(b) “Provisions: other
provisions” (except for losses due to impairment of guarantees and comparable credit derivatives under
IAS 39, offsetting item 100 “Other liabilities”).
Loans and receivables also include according to the applicable product breakdown, loans securitised after
1 January 2002 which cannot be derecognised under IAS 39 (see Section 18 – Other Information -
Derecognition).
Corresponding amounts received for securitised loans net of the amount of any retained risk (issued
securities retained in the portfolio) are recognised in liability items 10 “Deposits from banks” and 20
“Deposits from customers”.
Both assets and liabilities are measured at amortised cost and interest received is recognised through
profit or loss.
Impairment losses on retained risk securities (arising out of securitisation transactions carried out by the
entity) are recognised in item 130(a) “Impairment losses (a) loans and receivables”.
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Any financial asset may be designated as a financial instrument measured at fair value through profit and
loss on initial recognition, except for the following:
� investments in equity instruments for which there is no price quoted in active markets and whose
fair value cannot be reliably determined;
� derivatives.
FIaFV include non-HfT financial assets, but whose risk is:
� connected with debt positions measured at fair value (see also item 15 “Financial liabilities at fair
value through profit and loss”);
� and managed by the use of derivatives not treatable as hedges.
FIaFV are accounted for in a similar manner to HfT financial assets (see Section 1), however gains and
losses, whether realised or not, are recognised in item 110 “Gains (losses) on financial assets and
liabilities measured at fair value”.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
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