Financial notes

Tables from the consolidated financial statements and complete financial notes have been attached below:

Annual Report
2019

THE CONSOLIDATED FINANCIAL STATEMENTS

Selected financial data derived from the consolidated financial statements

Consolidated income statement

Consolidated statement of comprehensive income

Consolidated statement of financial position

Consolidated statement of changes in equity

Consolidated statement of cash flows

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

1. General information about the Group

2. Basis of preparation of the financial statements

2.1. Statement of compliance

2.2. Going concern

2.3. Management representation

2.4. Approval of the financial statements

3. Description of significant accounting policies

3.1. Functional currency, presentation currency and foreign currencies

3.2. Basis of consolidation

3.3. Accounting for transactions

3.4. Derecognition of financial instruments from the statement of financial position

3.5. The principles for classification of financial instruments

3.6. Financial assets measured at amortized cost

3.7. Financial assets measured at fair value through other comprehensive income

3.8. Financial assets measured at fair value through profit or loss

3.9. Equity instruments

3.10 Reclassification of financial assets

3.11. Modifications – changes in contractual cash flows

3.12. Measurement of purchased or originated credit impaired financial assets (POCI)

3.13. Measurement of financial liabilities

3.14. Standards and interpretations applied in the financial statements for the first time in 2019

3.15. New standards and interpretations and amendments thereto that have been published and endorsed by the european union, but have not come into force yet and are not applied by the Group

3.16. New standards and interpretations, as well as their amendments, which were published and have not yet been endorsed by the European Union

4. Explanation of the differences between previously published financial statements and these financial statements

5. Information on operating segments

6. Interest income and expenses

7. Fee and commission income and expenses

8. Dividend income

9. Net gain/(loss) on financial instruments measured at fair value through profit or loss

10. Foreign exchange gains/(losses)

11. Gains/(losses) on derecognition of financial instruments not measured at fair value through profit or loss

12. Allowances for expected credit losses

13. Impairment of non-financial assets

14. Other operating income and expenses

15. Administrative expenses

16. Net regulatory charges

17. Tax on certain financial institutions

19. Cash and balances with the central bank

20. Amounts due from banks

21. Hedge accounting

22. Other derivative instruments

23. Nominal amounts of instruments underlying hedging instruments and other derivative instruments

25. Loans and advances to customers

26. Financial assets by stage of impairment and allowances for expected credit losses

27. Intangible assets and property, plant and equipment

28. Other assets

29. Amounts due to banks

30. Amounts due to customers

31. Loans and advances received

32. Liabilities in respect of insurance activities

33. Debt securities in issue

34. Subordinated liabilities

35. Other liabilities

37. Equity and shareholding structure of the Bank

38. Structure and the scope of activities of the PKO Bank Polski SA Group

39. Investments in associates and joint ventures

40. Changes to companies comprising the Group

41. Dividends per share

43. Contingent liabilities and off-balance sheet liabilities received and granted

44. Legal claims

45. Notes to the consolidated cash flow statement

46. Transactions with the state treasury and related parties

47. Benefits for the PKO Bank Polski SA key management

48. Fair value hierarchy

49. Financial assets and financial liabilities not presented at fair value in the consolidated statement of financial position

50. Offsetting financial assets and financial liabilities

51. Assets pledged as collateral for liabilities and transferred financial assets

52. Fiduciary activities

53. Information on the entity authorized to audit the financial statements

54. Risk management within the Group

55. Credit risk management

56. Credit risk - financial information

57. Managing credit concentration risk in the Group

59. Forbearance practices

60. Exposure to counterparty credit risk

61. Management of currency risk associated with mortgage loans for households

62. Interest rate risk management

63. Currency risk management

64. Liquidity risk management

65. Capital adequacy

66. Leverage ratio

67. Information on securitization of lease portfolio and portfolio sale of receivables

68. Subsequent events

Group in 2019

Bank’s financial position

Group in 2019

Group on the WSE