GENERAL MEETING DRAFT - Bankier.pl

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>> Financial Statements
Part A – Accounting Policies
A.3.2.2 Annual changes in financial assets at fair value (level 3) (� '000)
held for
trading
Changes in 2009
Financial Assets
at fair value
through P&L
available
for sale
hedging
derivatives
1.Opening balances 6,593,941 290,325 5,768,924 115
2. Increases 3,072,974 451,787 2,275,373 1,006
2.1 Purchases 1,423,079 30,623 1,342,699 668
2.2 Profits recognized in 821,987 5,001 135,431 -
2.2.1 Income Statement 821,987 5,001 34,322 -
- of which Unrealized gains 146,623 3,540 1,471 -
2.2.2 Equity X X 101,109 -
2.3 Transfers from other levels 294,992 113,981 185,824 -
2.4 Other increases 532,916 302,182 611,419 338
3. Decreases 6,495,346 200,418 2,984,963 115
3.1 Sales 1,266,551 87,882 1,338,149 -
3.2 Redemptions 3,075,195 76,395 225,720 30
3.3 Losses recognized in: 1,012,916 14,716 592,880 85
3.3.1 Income Statement 1,012,916 14,716 494,349 85
- of which Unrealized losses 644,696 12,825 376,150 85
3.3.2 Equity X X 98,531 -
3.4 Transfers to other levels 832,205 1 241,876 -
3.5 Other decreases 308,479 21,424 586,338 -
4. Closing balances 3,171,569 541,694 5,059,334 1,006
A.3.2.3 Annual changes in financial liabilities at fair value (level 3) (� '000)
held for
trading
Changes in 2009
Financial Liabilities
at fair value
through P&L
hedging
derivatives
1.Opening balances 7,982,030 63,021 7,371
2. Increases 2,043,906 1,341 10,266
2.1 Issuance 102,472 - 93
2.2 Losses recognized in: 977,654 116 -
2.2.1 Income Statement 977,654 116 -
- of which Unrealized losses 56,706 116 -
2.2.2 Equity X X -
2.3 Transfers from other levels 328,453 - 9,565
2.4 Other increases 635,327 1,225 608
3. Decreases 7,426,391 12,465 8,138
3.1 Redemptions 4,543,999 - 542
3.2 Purchases 279,951 12,465 -
3.3 Profits recognized in: 1,069,726 - 1,362
3.3.1 Income Statement 1,069,726 - 1,362
- of which Unrealized gains 726,546 - -
3.3.2 Equity X X -
3.4 Transfers to other levels 1,438,752 - -
3.5 Other decreases 93,963 - 6,234
4. Closing balances 2,599,545 51,897 9,499
The non-observable market parameters used for the valuation of Level 3 instruments (already
subject to FVA to price the estimate limits) are:
(i) determination of the credit standing of the issuer or the underlying portfolios for ABS-type
exposures
(ii) the assumptions (distribution of cashflow, sum of parts) contained in the models used to
measure equities and UCITS
(iii) volatility, correlation and credit spread parameters used to measure certain types of structured
derivatives.
Sensitivity to a simultaneous variation of 1% of the above risk factors is less than 2% of the carrying
value of Level 3 assets and mainly refers to parameters used to assess credit standing.