GENERAL MEETING DRAFT - Bankier.pl

219
>> Financial Statements
Part A – Accounting Policies
Costs relating to TFR accruing in the year are taken to income statement item 180.a) “Payroll” and
include interest accrued in the year (interest cost) on the obligation already existing at the date of the
reform and the accrued installments for the year paid into the complementary pension scheme or to the
Treasury fund of INPS.
Actuarial gains (losses), i.e., the difference between the liabilities’ carrying value and the present value of
the obligation at the end of the periodare recognised according to the ‘corridor’ method, i.e., only when
they exceed 10% of the present value of the obligation at the period-end. Any surplus is taken to the
income statement and amortized over the residual working llife of the employees who are members of
the plan, as from the following financial year.
������������ �������
Equity-settled payments made to employees in consideration of services rendered, using equity
instruments comprise:
� Stock options
� Performance shares (i.e. awarded on attainment of certain objectives)
� Restricted shares (i.e. subject to a lock-up period).
Considering the difficulty of reliably measuring the fair value of the services acquired against equitysettled
payments, reference is made to the fair value of the instruments themselves, measured at the date
of the allocation.
This fair value is recognised as cost in profit and loss item 180 “Administrative costs” offsetting the liability
item 170 “Reserves”, on an accruals basis over the period in which the services are acquired.
The fair value of a cash-settled share-based payment, the services acquired and the liability incurred are
measured at the fair value of the liability, recognised in item 100 “Other liabilities”. The fair value of the
liability, as long as it remains unsettled, is remeasured at each balance sheet date and all changes in fair
value are recognised in profit and loss item 180 “Administrative costs”.
����� ��������� �������� ��������
Long-term employee benefits – e.g. long-service bonuses, paid on reaching a predefined number of
years’ service – are recognised in item 100 “Other liabilities” on the basis of the measurement at the
Balance Sheet Date of the liability, also in this case determined by an external actuary using the unit
credit projection method (see Section 12 – Provisions for risks and charges – retirement payments and
similar obligations). Gains (losses) on this type of benefit are recognised at once through profit or loss,
without using the ‘corridor’ method.
���������� ��� ������ ����������� �� ��� ���� �����
On first recognition guarantees given are recognized at fair value, which usually corresponds to the
amount received when the guarantee is issued.