| By carrying amount | 31.12.2013 | 31.12.2012 |
|---|---|---|
| Debt securities | 467,931 | 273,576 |
| issued by the State Treasury, of which: | 395,202 | 216,521 |
| Treasury bonds PLN | 390,660 | 216,521 |
| Treasury bonds EUR | 4,542 | - |
| issued by local government bodies, municipal bonds PLN | 41,907 | 26,673 |
| issued by non-financial institution, corporate bonds PLN | 23,892 | 15,064 |
| issued by other financial institutions, of which: | 6,762 | 13,947 |
| bonds issued by WSE PLN | 6,628 | 13,880 |
| corporate bonds PLN | 134 | 67 |
| issued by banks, of which: | 168 | 1,371 |
| BGK bonds PLN | 158 | 1,361 |
| Shares in other entities - listed on stock exchanges | 10,799 | 3,237 |
| Investment certificates | 1,151 | 713 |
| Rights issues | - | 40 |
| Total | 479,881 | 277,566 |
| Debt securities by nominal value | 31.12.2013 | 31.12.2012 |
| Treasury bonds PLN | 389,455 | 213,650 |
| municipal bonds PLN | 39,158 | 25,678 |
| corporate bonds PLN | 30,470 | 33,157 |
| Treasury bonds EUR | 4,174 | - |
| BGK bonds PLN | 148 | 1,308 |
| The average yield on debt securities issued by the State Treasury | 3.79% | 3.26% |
| Change in trading assets | 2013 | 2012 |
|---|---|---|
| Balance at the beginning of the period | 277,566 | 1,311,089 |
| Currency translation differences | (71) | (47) |
| Increases | 378,331,420 | 324,864,253 |
| Decreases | (378,129,976) | (325,899,787) |
| Changes in fair value | 942 | 2,058 |
| Balance at the end of the period | 479,881 | 277,566 |
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.
Transferred trading assets, which are not derecognised from the statement of financial position
Financial assets which the Group does not derecognise from the financial statements include the assets pledged as collateral for liabilities due to sell-buy-back transactions (treasury bonds). The carrying amounts of transferred trading assets and related liabilities as at 31 December 2013
and 2012 were as follows:
| Carrying amount | 31.12.2013 | 31.12.2012 |
|---|---|---|
| Trading assets | 1,682,616 | - |
| Sell-buy-back liabilities | 1,684,506 | - |
| Net position | (1,890) | - |
Initial Settlement Deposit of the National Depository for Securities (KDPW).
The Brokerage House of PKO Bank Polski SA holds bonds in the National Depository for Securities pledged as collateral for settlement of transactions with the Clearing House.
| Carrying amount/fair value | 31.12.2013 | 31.12.2012 |
|---|---|---|
| Value of the deposit | 7,589 | 7,359 |
| Nominal value of the pledge | 8,000 | 8,000 |
| Type of the pledge | Treasury bonds | Treasury bonds |
| Carrying amount of the pledged asset | 7,990 | 7,744 |
| 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 | 50,070 | 1,082 | 141,700 | 175,947 | 26,403 | 395,202 |
| issued by local government bodies | - | 20 | 47 | 7,901 | 33,939 | 41,907 |
| issued by non-financial institutions | - | - | 29 | 21,096 | 2,767 | 23,892 |
| issued by other financial institutions | - | 72 | - | 6,658 | 32 | 6,762 |
| issued by banks | - | - | 114 | 54 | - | 168 |
| Total | 50,070 | 1,174 | 141,890 | 211,656 | 63,141 | 467,931 |
| 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 | 10,565 | 372 | 4,234 | 150,491 | 50,859 | 216,521 |
| issued by local government bodies | - | 9 | 8 | 9,055 | 17,601 | 26,673 |
| issued by non-financial institutions | - | 24 | 1,129 | 13,911 | - | 15,064 |
| issued by other financial institutions | - | - | - | 13,947 | - | 13,947 |
| issued by banks | - | - | - | 1,371 | - | 1,371 |
| Total | 10,565 | 405 | 5,371 | 188,775 | 68,460 | 273,576 |