47.3 Investment contracts

 

Total expected cash flows from investment contracts 31 December 2015 31 December 2014
Up to 1 year 504,864 989,481
Over 1 year and up to 5 years 44,562 124,908
Total 549,426 1,114,389
financial_liabilities_9_pzu2015.xlsx

Financial assets related to investment contracts:

  • with guaranteed and fixed terms and conditions – bank deposits presented as "Loans and receivables – term deposits with credit institutions" described in Note 35.4 or treasury bonds classified mainly as held to maturity.
  • unit-linked – include mainly units in investment funds, recognized as "Financial instruments measured at fair value through profit or loss – held for trading – equity instruments – not listed on the regulated market", derivatives recognized as "Financial instruments measured at fair value through profit or loss – held for trading – derivatives" (presented in Note 35.3), and bank deposits.