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Navigation Map
Interactive navigation is a tool that goes beyond the standard navigation of the integrated content
(available in the report drop-down bar). New approach allowed to navigate in the two additional
business dimensions of the PZU Group, i.e .:
- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
Corporate Governance
Capitals (IIRC)
Business
Corporate Governance
List of GRIs
List of GRIs
List of GRIs
List of GRIs
- About the report
- Results
- Comment on the financial results for 2021
- Major factors contributing to the consolidated financial result
- PZU Group’s income
- PZU Group’s claims paid and technical provisions
- PZU Group’s acquisition and administrative expenses
- Drivers and atypical events affecting the results
- PZU Group’s asset and liability structure
- Contribution made by the market segments to the consolidated result
- Issuer’s financial results – PZU (PAS)
- Supplementary information and notes
- 1. Introduction
- 2. Composition of PZU Group
- 3. Shareholder structure
- 4. Composition of the Management Board, Supervisory Board and PZU Group Directors
- 5. Key accounting policies, key estimates and judgments
- 5.1 Changes in accounting policies and estimates, errors from previous years
- 5.2 Amendments to the applied IFRS
- 5.3 Explanation of the difference between the 2020 annual consolidated financial statements and these consolidated financial statements
- 5.4 Consolidation principles
- 5.5 Measurement of transactions and balances denominated in foreign currencies and FX rates used
- 5.6 Purchase method
- 5.7 Classification of insurance contracts in accordance with IFRS 4
- 6. Segment reporting
- 7. Risk management
- 8. Equity management
- 9. Fair value
- 10. Gross written premiums
- 11. Revenue from commissions and fees
- 12. Interest income calculated using the effective interest rate
- 13. Other net investment income
- 14. Result on derecognition of financial instruments and investments
- 15. Movement in allowances for expected credit losses and impairment losses on financial instruments
- 16. Net movement in fair value of assets and liabilities measured at fair value
- 17. Other operating income
- 18. Claims, benefits and movement in technical provisions
- 19. Fee and commission expenses
- 20. Interest expenses
- 21. Acquisition costs
- 22. Administrative expenses
- 23. Employee expenses
- 24. Other operating expenses
- 25. Income tax
- 26. Earnings per share
- 27. Goodwill
- 28. Intangible assets
- 29. Other assets
- 30. Deferred acquisition cost
- 31. Property, plant and equipment
- 32. Investment property
- 33. Entities measured by the equity method
- 34. Loan receivables from clients
- 35. Financial derivatives
- 36. Investment financial assets, including assets securing liabilities
- 37. Receivables
- 38. Impairment of financial assets
- 39.Cash and cash equivalents
- 40. Equity attributable to equity holders of the parent
- 41. Technical provisions
- 42. Subordinated liabilities
- 43. Liabilities on the issue of own debt securities
- 44. Liabilities to banks
- 45. Liabilities to clients under deposits
- 46. Other liabilities
- 47. Provisions
- 48. Deferred income tax
- 49. Assets and liabilities held for sale
- 50. Lease
- 51. Assets securing receivables, liabilities and contingent liabilities
- 52. Contingent assets and liabilities
- 53. Offsetting financial assets and financial liabilities
- 54. Notes to the consolidated cash flow statement
- 55. Disputes
- 56. Transactions with related entities
- 57. Headcount
- 58. Other information
- Financial data 2021
- Financial data (2017-2021) Focus on: Results - check the highlights of the year!
- Comment on the financial results for 2021
- Market and business
- Capitals (IIRC)
- Strategy and outlook 2021+
- Risk management
- Ethics and governance
- Ethical foundations of doing business
- Application of corporate governance rules
- Financial statements control system
- Audit firm auditing the financial statements
- PZU’s share capital and shareholders
- Rules for amending PZU’s Articles of Association
- Shareholder Meeting and shareholder rights
- Supervisory Board and Management Board
- Compensation paid to members of supervisory and management bodies
- Diversity policy Focus on: Ethics and governance - check the highlights of the year!
- Shares and bonds
Consolidated statement of changes in equity
Share on:
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Best Pratices in PZU
Policy
Covid-19
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| Consolidated statement of changes in equity | Equity attributable to equity holders of the parent | Non- controlling interest | Total equity | |||||||||
| Share capital | Other capital | Retained earnings | Total | |||||||||
| Treasury shares | Supplemen- tary capital | Other reserve capital | Cumulative other comprehensive income | Retained profit or loss | Net profit | |||||||
| Revaluation reserve | Actuarial gains and losses related to provisions for employee benefits |
Foreign exchange translation differences | ||||||||||
| Note | 40.1 | 40.3 | 40.3 | 40.3 | 40.3 | 2.4 | ||||||
| As at 1 January 2021 | 86 | -9 | 15 848 | 295 | 891 | 3 | 65 | 1 598 | - | 18 777 | 24 626 | 43 403 |
| Valuation of equity instruments | - | - | - | - | 49 | - | - | - | - | 49 | 25 | 74 |
| Valuation of debt instruments | - | - | - | - | -1 185 | - | - | - | - | -1 185 | -1 044 | -2 229 |
| Measurement of loan receivables from clients | - | - | - | - | -8 | - | - | - | - | -8 | -30 | -38 |
| Cash flow hedging | - | - | - | - | -872 | - | - | - | - | -872 | -2 119 | -2 991 |
| Foreign exchange translation differences | - | - | - | - | - | - | 4 | - | - | 4 | 1 | 5 |
| Actuarial gains and losses related to provisions for employee benefits | - | - | - | - | - | - | - | - | - | - | 31 | 31 |
| Total net other comprehensive income | - | - | - | - | -2 016 | - | 4 | - | - | -2 012 | -3 136 | -5 148 |
| Net profit (loss) | - | - | - | - | - | - | - | - | 3 336 | 3 336 | 2 098 | 5 434 |
| Total comprehensive income | - | - | - | - | -2 016 | - | 4 | - | 3 336 | 1 324 | -1 038 | 286 |
| Other changes, including: | - | 4 | -1 032 | 305 | -15 | - | - | -2 283 | - | -3 021 | -674 | -3 695 |
| Distribution of financial result | - | - | 1 020 | 305 | - | - | - | -1 325 | - | - | -674 | -674 |
| PZU dividend | - | - | -2 064 | - | - | - | - | -958 | - | -3 022 | - | -3 022 |
| Transactions on treasury shares | - | 4 | -3 | - | - | - | - | - | - | 1 | - | 1 |
| Transactions with holders of non-controlling interests | - | - | - | - | - | - | - | - | - | - | - | - |
| Sale of equity instruments designated for measurement at fair value through other | - | 10 | - | -10 | - | - | - | - | - | - | - | |
| comprehensive income | - | - | 5 | - | -5 | - | - | - | - | - | - | - |
| Sale of revalued properties and other | 86 | -5 | 14 816 | 600 | -1 140 | 3 | 69 | -685 | 3 336 | 17 080 | 22 914 | 39 994 |
| Consolidated statement of changes in equity | Equity attributable to equity holders of the parent | Non- controlling interest | Total equity | |||||||||
| Share capital | Other capital | Retained earnings | Total | |||||||||
| Treasury shares | Supplemen- tary capital | Other reserve capital | Cumulative other comprehensive income | Retained profit or loss | Net profit | |||||||
| Revaluation reserve | Actuarial gains and losses related to provisions for employee benefits |
Foreign exchange translation differences | ||||||||||
| Note | 40.1 | 40.3 | 40.3 | 40.3 | 40.3 | 2.4 | ||||||
| As at 1 January 2020 | 86 | -7 | 13 113 | -324 | 294 | 1 | -41 | 3 047 | - | 16 169 | 23 119 | 39 288 |
| Valuation of equity instruments | - | - | -4 | - | 1 | - | - | - | - | -3 | 61 | 58 |
| Valuation of debt instruments | - | - | - | - | 453 | - | - | - | - | 453 | 453 | 906 |
| Measurement of loan receivables from clients | - | - | - | - | 3 | - | - | - | - | 3 | 14 | 17 |
| Cash flow hedging | - | - | - | - | 146 | - | - | - | - | 146 | 376 | 522 |
| Foreign exchange translation differences | - | - | - | - | - | - | 106 | - | - | 106 | -2 | 104 |
| Actuarial gains and losses related to provisions for employee benefits | - | - | - | - | - | 2 | - | - | - | 2 | -7 | -5 |
| Total net other comprehensive income | - | - | -4 | - | 603 | 2 | 106 | - | - | 707 | 895 | 1 602 |
| Net profit (loss) | - | - | - | - | - | - | - | - | 1 912 | 1 912 | 618 | 2 530 |
| Total comprehensive income | - | - | -4 | - | 603 | 2 | 106 | - | 1 912 | 2 619 | 1 513 | 4 132 |
| Other changes, including: | - | -2 | 2 739 | 619 | -6 | - | - | -3 361 | - | -11 | -6 | -17 |
| Distribution of financial result | - | - | 2 741 | 620 | - | - | - | -3 361 | - | - | - | - |
| Transactions on treasury shares | - | -2 | 2 | - | - | - | - | - | - | - | - | - |
| Transactions with holders of non-controlling interests | - | - | -10 | - | - | - | - | - | - | -10 | -2 | -12 |
| Sale of revalued properties and other | - | - | 6 | -1 | -6 | - | - | - | - | -1 | -4 | -5 |
| As at 31 December 2020 | 86 | -9 | 15 848 | 295 | 891 | 3 | 65 | -314 | 1 912 | 18 777 | 24 626 | 43 403 |
Previous Year Content:
Investor Relations Team
e-mail: IR@pzu.pl
Magdalena Komaracka, IR Director, tel. +48 (22) 582 22 93
Piotr Wiśniewski, IR Manager, tel. +48 (22) 582 26 23
Aleksandra Jakima-Moskwa, tel. +48 (22) 582 26 17
Aleksandra Dachowska, tel. +48 (22) 582 43 92
Piotr Wąsiewicz, tel. +48 (22) 582 41 95