GENERAL MEETING DRAFT - Bankier.pl

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>> Financial Statements
Part A – Accounting Policies
Objective evidence of impairment is initially assessed individually; however, if it is determined that there is
no objective evidence of individual impairment, the asset is included in a group of financial assets with
similar credit risk characteristics and assessed collectively.
Formula-based approaches and statistical methods may be used to assess impairment losses on a group
of financial assets. Models used incorporate the time value of money, and consider cash flows over the
entire residual life of the asset (not just the following year) and do not give rise to an impairment loss on
initial recognition of a financial asset. They take into account losses already sustained but not manifest in
the group of financial assets at the time of measurement, on the basis of past experience of losses on
assets having a similar credit risk to the group of assets being measured..
The process of estimating impairment losses considers all credit exposures, not only those of low credit
quality, which reflect a serious impairment.
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If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related
objectively to an event occurring after the impairment was recognised (such as an improvement in the
debtor’s credit rating), the previously recognised impairment loss is reversed and the amount of the
reversal is recognised in profit and loss item 130 “Impairment losses” except in the case of AfS equity
instruments (see Section 2 above).
The reversal shall not result – at the date the impairment is reversed – in a carrying amount of the
financial asset that exceeds what the amortised cost would have been had the impairment not been
recognised.