| 31.12.2013 | 31.12.2012 | |
|---|---|---|
| Debt securities available for sale, gross | 13,870,733 | 12,049,073 |
| issued by the State Treasury | 8,818,500 | 7,902,479 |
| Treasury bonds PLN | 8,616,517 | 7,697,426 |
| Treasury bonds USD | 181,823 | 125,253 |
| Treasury bonds UAH | 20,160 | 79,800 |
| issued by local government bodies, municipal bonds PLN | 3,440,753 | 2,780,212 |
| issued by non-financial institutions | 1,000,549 | 1,315,490 |
| corporate bonds PLN | 1,000,549 | 1,315,490 |
| issued by banks, corporate bonds | 610,931 | 50,892 |
| corporate bonds PLN | 558,814 | 50,892 |
| corporate bonds UAH | 52,117 | - |
| Impairment allowances of debt securities available for sale | (3,296) | (5,536) |
| corporate bonds PLN | (3,296) | (5,536) |
| Total net debt securities available for sale | 13,867,437 | 12,043,537 |
| Equity securities available for sale, gross | 235,800 | 179,300 |
| Equity securities not admitted to public trading | 161,514 | 129,653 |
| Equity securities admitted to public trading | 74,286 | 49,647 |
| Impairment allowances of equity securities available for sale | (30,159) | (17,707) |
| Total net equity securities available for sale | 205,641 | 161,593 |
| Total net investment securities available for sale | 14,073,078 | 12,205,130 |
| Debt securities by nominal value | 31.12.2013 | 31.12.2012 |
|---|---|---|
| Treasury bonds PLN | 8,499,608 | 7,461,361 |
| municipal bonds PLN | 3,361,853 | 2,740,590 |
| corporate bonds PLN | 1,579,343 | 1,514,084 |
| Treasury bonds UAH | 21,147 | 81,699 |
| Treasury bonds USD | 182,768 | 124,433 |
| corporate bonds UAH | 50,329 | - |
| The average yield on debt securities | 3.35% | 3.24% |
| Change in investment securities available for sale | 2013 | 2012 |
|---|---|---|
| Balance at the beginning of the period | 12,205,130 | 14,393,276 |
| Currency translation differences | (7,575) | (21,591) |
| Increases | 45,177,267 | 38,667,521 |
| of which change in impairment allowance (Note 10) | - | 2,680 |
| Decreases | (43,222,205) | (40,907,752) |
| of which change in impairment allowance (Note 10) | 10,212 | - |
| Changes in the fair value recognised in other comprehensive income (Note 8) | (79,539) | 73,676 |
| Balance at the end of the period | 14,073,078 | 12,205,130 |
Details on risk related to investment securities available for sale has been described in Note 49 ‘Credit risk management’.
Investment debt securities available for sale by carrying amount - maturities
| As at 31 December 2013 | up to 1 month | 1 - 3 months | 3 months - 1 year | 1 - 5 years | over 5 years | Total |
|---|---|---|---|---|---|---|
| Debt securities | ||||||
| issued by the State Treasury | 3,563 | 17,658 | 345,879 | 6,939,901 | 1,511,499 | 8,818,500 |
| issued by local government bodies | - | 4,523 | 127,574 | 999,750 | 2,308,906 | 3,440,753 |
| issued by non-financial institutions | 68,085 | 16,566 | 62,536 | 685,456 | 164,610 | 997,253 |
| issued by banks | 19,543 | 989 | 31,585 | 509,284 | 49,530 | 610,931 |
| Total | 91,191 | 39,736 | 567,574 | 9,134,391 | 4,034,545 | 13,867,437 |
| As at 31 December 2012 | up to 1 month | 1 - 3 months | 3 months - 1 year | 1 - 5 years | over 5 years | Total |
|---|---|---|---|---|---|---|
| Debt securities | ||||||
| issued by the State Treasury | 5,792 | 58,410 | 203,120 | 5,608,719 | 2,026,438 | 7,902,479 |
| issued by local government bodies | 15,057 | 1,207 | 179,792 | 916,763 | 1,667,393 | 2,780,212 |
| issued by non-financial institutions | 313,747 | 32,310 | 108,514 | 669,685 | 185,698 | 1,309,954 |
| issued by banks | - | - | - | - | 50,892 | 50,892 |
| Total | 334,596 | 91,927 | 491,426 | 7,195,167 | 3,930,421 | 12,043,537 |
As at 31 December 2013 and as at 31 December 2012 the Group did not have transferred financial assets, which are derecognised from the financial statements, for which the Group would continue involvement in those assets.
Bank Deposit Guarantee Fund
The Parent Company of the Group contributes to the Bank Deposit Guarantee Fund in accordance with Article 25 of the Act on the Bank Guarantee Fund (Bankowy Fundusz Gwarancyjny) dated 14 December 1994 (Journal of Laws 2009, No. 84, item 711 with subsequent amendments).
| 31.12.2013 | 31.12.2012 | |
|---|---|---|
| Value of the fund | 800,545 | 798,974 |
| Nominal value of the pledge | 830,000 | 850,000 |
| Type of the pledge | Treasury bonds | Treasury bonds |
| Maturity of the pledge | 25.01.2015 | 25.01.2015 |
| Carrying amount of the pledged asset | 839,777 | 873,707 |
The Bank’s contribution to the Bank Guarantee Fund is secured by Treasury bonds with maturities sufficient to secure their carrying amount over the period defined by the Act. The Fund is increased or decreased on 1 July of each year, in proportion to the amount providing the basis for calculation of mandatory reserve deposits. Those funds are treated as assets held as collateral for own liabilities.