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
1. Activities of the Group
2. Changes in the Group companies
3. Information on members of the Supervisory Board and Management Board
4. Approval of the consolidated financial statements
5. Representation by the Management Board
6. Statement of compliance
7. Going concern
8. The basis for preparation of the financial statements
9. Functional currency, presentation currency and foreign currencies
10. Basis of consolidation
10.1. Subsidiaries
10.2. Consolidation
10.3. Acquisition of subsidiaries (business combinations)
10.4. Associates and joint ventures
11. General accounting policies for financial instruments
11.1. Accounting for transactions
11.2. Offsetting financial instruments
11.3. Derecognition of financial instruments from the statement of financial position
11.4. The principles for classification of financial instruments
11.5. Financial assets measured at amortized cost
11.6. Financial assets measured at fair value through other comprehensive income
11.7. Financial assets measured at fair value through profit or loss
11.8. Equity instruments
11.9. Reclassification of financial assets
11.10. Modifications – changes in contractual cash flows
11.11. Measurement of purchased or originated credit-impaired financial assets (POCI)
11.12. Measurement of financial liabilities
12. Environmental issues
13. Changes in accounting policies applicable from 1 January 2022 and explanation of the differences between previously published financial statements and these financial statements
14. IFRS 17 “insurance contracts”
14.1. Implementation schedule
14.2. Measurement and presentation of insurance products
14.2.1. IFRS 17 key assumptions
14.2.2. The current model for the measurement and recognition of insurance products, including those linked to loans and advances
14.2.3. Measurement and recognition of insurance products offered by the group, including those linked to loans and advances in accordance with IFRS 17
14.2.4. Measurement principles for insurance contracts
14.2.5. Identification and aggregation of insurance contracts
14.2.6. Main elements of measurement according to IFRS 17
14.2.6.1. Contract boundaries
14.2.6.2. Discounting and adjustment for non-financial risk
14.2.6.3. Contract margin
14.2.6.4. Financial costs of insurance operations
14.2.6.5. Transition date
14.2.7. Disclosures
14.3. Impact assessment - classification and measurement
14.4. Impact of IFRS 17 on own funds and capital adequacy measures
15. New standards and interpretations and their amendments
16. Information on operating segments
17. Interest income and expenses
18. Fee and commission income and expenses
19. Dividend income
20. Gains/(losses) on financial transactions
21. Foreign exchange gains/ (losses)
22. Gains/(losses) on derecognition of financial instruments
23. Other operating income and expenses
24. Net allowances for expected credit losses
25. Net impairment losses on non-financial assets
26. Cost of legal risk of mortgage loans in convertible currencies
27. Administrative expenses
28. Tax on certain financial institutions
29. Income tax
30. Earnings per share
31. Cash and balances with the Central Bank
32. Amounts due from banks
33. Hedge accounting and other derivative instruments
33.1. Hedge accounting – financial information
33.2. Other derivative instruments – financial information
34. Securities
35. Repo and reverse repo transactions
36. Loans and advances to customers
37. Amounts due to banks
38. Amounts due to customers
39. Financing received
39.1. Loans and advances received
39.2. Liabilities in respect of debt securities in issue
39.3. Subordinated liabilities
40. Assets and liabilities in respect of insurance activities
41. Intangible assets
42. Property, plant and equipment
43. Assets held for sale
44. Investments in associates and joint ventures
44.1. Joint ventures
44.2. Associates
45. Other assets
46. Other liabilities
47. Provisions
48. Contingent liabilities and off-balance sheet liabilities received and granted
49. Legal claims
50. Equity and shareholding structure of the Bank
51. Fair value hierarchy
52. Financial assets and financial liabilities not presented at fair value in the consolidated statement of financial position
53. Risk management within the Group
54. Specific activities in the area of risk management undertaken by the Group in 2022
55. Credit risk management
56. Credit risk – financial information
56.1. Financial assets by stage
56.2. Change in the gross carrying amount
56.3. Changes in allowances for expected credit losses
56.4. Other disclosures
57. Offsetting financial assets and financial liabilities
58. Managing credit concentration risk in the Group
59. Collateral
60. Exposure to the counterparty credit risk
61. Forbearance practices
62. Information on securitization of the lease portfolio and package sale of receivables
63. Management of currency risk associated with mortgage loans for individuals
64. Interest rate risk management
65. Currency risk management
65.1. Financial assets and liabilities by currency
66. Liquidity risk management
66.1. Contractual cash flows from the Group’s financial liabilities, including derivative financial instruments
66.2. Assets pledged as collateral for liabilities and transferred financial assets
66.3. Current and non-current assets and liabilities
67. Operational risk management
68. ESG risk management
69. Capital adequacy
70. Leverage ratio
71. Dividends and distribution of retained earnings
72. Notes to the consolidated cash flow statement
73. Transactions with the state treasury and related parties
74. Benefits for the PKO Bank Polski SA key management
75. Leasing
75.1. Leases - lessor
75.2. Leases - lessee
75.3. Lessee
75.4. Lessor – operating leases
75.5. Lessor – finance leases
76. Government grants
77. Information on the entity authorized to audit the financial statements
78. Impact of the geopolitical situation in Ukraine on the PKO Bank Polski S.A. Group
79. Interest rate benchmarks reform
80. Subsequent events
