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| Changes in intangible assets (by group) in the year ended 31 December 2015 | ||||||
| Costs of completed development works | Acquired concessions, patents, licenses and similar items, including: | Computer software | Intangible assets under construction | Other intangible assets | Total intangible assets | |
| Gross value of tangible assets – opening balance | 51,233 | 942,948 | 817,592 | 187,851 | 547,722 | 1,729,754 |
| Increases (due to): | 3,362 | 371,930 | 367,165 | 252,721 | 310,484 | 938,497 |
| purchased and manufactured by use of own means | 1,842 | 6,701 | 6,391 | 191,065 | 291 | 199,899 |
| - change in group composition | 260 | 220,403 | 220,403 | 58,893 | 302,750 1) | 582,306 |
| - reclassification from tangible assets under construction | 1,260 | 144,357 | 140,363 | - | - | 145,617 |
| - other | - | 469 | 8 | 2,763 | 7,443 | 10,675 |
| Decreases (due to): | (6,938) | (44,856) | (3,947) | (265,655) | (3,752) | (321,201) |
| - sale and liquidation | (6,938) | (44,656) | (3,747) | (116,589) | (3,398) | (171,581) |
| - reclassification from tangible assets under construction | - | - | - | (145,617) | - | (145,617) |
| - other | - | (200) | (200) | (3,449) | (354) | (4,003) |
| Exchange differences | (81) | (620) | (584) | - | (202) | (903) |
| Gross value of tangible assets – closing balance | 47,576 | 1,269,402 | 1,180,226 | 174,917 | 854,252 | 2,346,147 |
| Accumulated depreciation – opening balance | (30,731) | (576,441) | (492,418) | (81) | (92,620) | (699,873) |
| Changes (due to): | (1,936) | (79,916) | (81,653) | - | (160,607) | (242,459) |
| - depreciation for the period | (6,595) | (89,390) | (84,856) | - | (161,619) | (257,604) |
| - sale and liquidation | 4,683 | 9,587 | 2,847 | - | 2,804 | 17,074 |
| - exchange differences | (24) | 241 | 257 | - | (2,146) | (1,929) |
| - other | - | (354) | 99 | - | 354 | - |
| Accumulated depreciation – closing balance | (32,667) | (656,357) | (574,071) | (81) | (253,227) | (942,332) |
| Impairment losses – opening balance | - | (42,267) | (8,102) | (118,922) | - | (161,189) |
| Changes in other operating expenses | - | - | - | (37) | - | (37) |
| Other changes | - | 34,1652) | - | 116,4142) | - | 150,579 |
| Impairment losses – closing balance | - | (8,102) | (8,102) | (2,545) | - | (10,647) |
| Net value of intangible assets – closing balance | 14,909 | 604,943 | 598,053 | 172,291 | 601,025 | 1,393,168 |
1) Including assets acquired in company takeover transactions (trademark, CDI) amounting to PLN 300,000 thousand.
2) The Item indicates, among others, derecognition of total expenditures incurred for the GraphTalk project in the amount of PLN 116,309 thousand and the life unit-linked insurance management module and the base license GraphTalk in the amount of PLN 34,165 thousand and charged to impairment losses reported in the preceding periods.
| Changes in intangible assets (by group) in the year ended 31 December 2014 | ||||||
| Costs of completed development works | Acquired concessions, patents, licenses and similar items, including: | Computer software | Intangible assets under construction | Other intangible assets | Total intangible assets | |
| Gross value of tangible assets – opening balance | - | 764,179 | 649,709 | 185,704 | 1,961 | 951,844 |
| Increases (due to): | 50,355 | 201,713 | 187,219 | 132,885 | 539,393 | 924,346 |
| -purchased and manufactured by use of own means | 469 | 9,682 | 8,409 | 129,640 | 128 | 139,919 |
| - change in group composition | 49,798 | 76,031 | 67,273 | 2,072 | 539,2651) | 667,166 |
| - reclassification from tangible assets under construction | 88 | 115,898 | 111,435 | - | - | 115,986 |
| - other | - | 102 | 102 | 1,173 | - | 1,275 |
| Decreases (due to): | - | (22,601) | (18,911) | (130,753) | (585) | (153,939) |
| - sale and liquidation | - | (7,739) | (4,049) | (13,301) | - | (21,040) |
| - transfer to a category of assets designated for sale in accordance with IFRS 5 2) | - | (14,853) | (14,853) | (70) | (485) | (15,408) |
| - reclassification from tangible assets under construction | - | - | - | (115,986) | - | (115,986) |
| - other | - | (9) | (9) | (1,396) | (100) | (1,505) |
| Exchange differences | 878 | (343) | (425) | 15 | 6,953 | 7,503 |
| Gross value of tangible assets – closing balance | 51,233 | 942,948 | 817,592 | 187,851 | 547,722 | 1,729,754 |
| Accumulated depreciation – opening balance | - | (476,148) | (398,033) | - | (836) | (476,984) |
| Changes (due to): | (30,731) | (100,293) | (94,385) | (81) | (91,784) | (222,889) |
| - depreciation for the period | (1,136) | (76,049) | (73,162) | - | (87,853) | (165,038) |
| - sale and liquidation | - | 7,283 | 3,590 | - | - | 7,283 |
| - change in group composition | (29,068) | (42,412) | (35,789) | (80) | (2,877) | (74,437) |
| - transfer to a category of assets designated for sale in accordance with IFRS 5 2) | - | 10,745 | 10,745 | - | - | 10,745 |
| - exchange differences | (527) | 249 | 360 | (1) | (1,154) | (1,433) |
| - other | - | (109) | (129) | - | 100 | (9) |
| Accumulated depreciation – closing balance | (30,731) | (576,441) | (492,418) | (81) | (92,620) | (699,873) |
| Impairment losses – opening balance | - | (34,165)3) | - | (131,969)3) | - | (166,134) |
| Changes in other operating expenses | - | (301) | (301) | (121) | - | (422) |
| Other changes: | - | (7,801) | (7,801) | 13,168 | - | 5,367 |
| - change in group composition | - | (8,075) | (8,075) | - | - | (8,075) |
| - other | - | 274 | 274 | 13,168 | - | 13,442 |
| Impairment losses – closing balance | - | (42,267)3) | (8,102) | (118,922)3) | - | (161,189) |
| Net value of intangible assets – closing balance | 20,502 | 324,240 | 317,072 | 68,848 | 455,102 | 868,692 |
1) Including assets acquired in company takeover transactions (customer relations, relations with brokers, future profits from concluded insurance contracts) amounting to PLN 536,387 thousand.
2) The item presents transfer of PZU Lithuania’s assets to assets held for sale due to the transaction described in Note 2.4.1. The decrease of assets was translated at average rate described in Note 5.3.
3) The item “Impairment losses” indicates losses for total expenditures incurred for the GraphTalk project in the amount of PLN 116,309 thousand and the life unit-linked insurance management module and the base license GraphTalk in the amount of PLN 34,165 thousand.
Intangible assets with indefinite period of use (trademarks with a total value of PLN 269,322 thousand as at 31 December 2014: PLN 169,344) were tested for impairment; as a result of the test, there was no reason found for impairment losses recognition.
| Amortization of intangible assets by position in the consolidated statement of profit or loss | 1 January - 31 December 2015 | 1 January - 31 December 2014 |
| Insurance claims and change in technical provisions | 18,527 | 18,650 |
| Acquisition costs | 29,691 | 19,111 |
| Administrative expenses | 46,273 | 38,365 |
| Other operating expenses 1) | 163,064 | 88,830 |
| Costs of investment activities | 45 | 81 |
| Other | 4 | 1 |
| Total depreciation | 257,604 | 165,038 |
1) Including amortization of intangible assets acquired in acquisitions transactions in the amount of PLN 161 081 thousand (in 2014: PLN 87 795 thousand).
