20. Gains/(losses) on financial transactions
2022 Annual Report
Accounting policies
The net gain/(loss) on financial transactions includes gains and losses arising from disposal of financial instruments designated as financial assets / liabilities measured at fair value through profit or loss and the effect of their measurement at fair value. This item also includes the ineffective portion of cash flow hedges in the case of hedging strategies in which IRS contracts are the hedging instrument, as well as gains and losses on the hedging instrument and hedged item relating to the hedged risk (fair value hedges).
Related notes
Financial information
| GAINS/(LOSSES) ON FINANCIAL TRANSACTIONS | 2022 | 2021 |
|---|---|---|
| Financial instruments held for trading, of which: | 400 | 221 |
| Derivatives1 | 400 | 219 |
| Equity instruments | (2) | 4 |
| Debt securities | 2 | (2) |
| Financial instruments not held for trading, measured at fair value through profit or loss, of which: | (26) | (126) |
| Equity instruments | 11 | – |
| Debt securities | 8 | (15) |
| Loans and advances to customers | (45) | (111) |
| Hedge accounting | (16) | (31) |
| Total | 358 | 64 |
1 Of which due to stock options and stock exchange indices PLN 212 million (PLN 25 million in 2021).