35.Debt securities in issue

Accounting policies

Liabilities due to the issuance of securities are measured at amortized cost using the effective interest rate method, or – in respect of banking securities – at fair value through profit or loss.

In case of financial liabilities measured at amortized cost for which it is not possible to estimate the schedule of future cash flows and the effective interest rate, they are measured at amount due.

Financial information

DEBT SECURITIES IN ISSUE31.12.201631.12.2015
   
Financial instruments measured at amortised cost14 493.29 361.2
bonds issued by PKO Finance AB6 704.67 332.3
bonds issued by PKO Bank Polski SA1 693.01 645.9
bonds issued by the PKO Leasing SA Group*1 742.0363.1
bonds issued by PKO Bank Hipoteczny SA1 151.3-
mortgage-covered bonds issued by PKO Bank Hipoteczny SA3 202.319.9
Bank securities issued by PKO Bank Polski SA-71.7
   
Total 14 493.2 9 432.9

*including bonds taken up by the PKO Leasing SA as part of the acquisition of Raiffeisen Leasing Polska SA

 
DEBT SECURITIES IN ISSUE BY MATURITY31.12.201631.12.2015
   
up to 1 month375.846.4
from 1 month to 3 months985.9482.5
from 3 months to 1 year2 343.22 649.9
from 1 year to 5 years4 194.62 149.6
over 5 years6 593.74 104.5
   
Total 14 493.2 9 432.9
 
ADDITIONAL INFORMATION20162015
   
issuance of debt securities in period (nominal value)  
in PLN5 131.94 875.0
in original currency (EUR)700.0200.0
redemption of debt securities in period (nominal value)  
in PLN3 204.65 070.6
in original currency (EUR)200.0-
in original currency (CHF)250.0-
   

Bonds issued by PKO Finance AB

Issuance dateNominal valueCurrencyMaturity dateCarrying amount as at 31.12.2016Carrying amount as at 31.12.2015
      
07.07.2011250.0CHF07.07.2016-1 003.1
25.07.201250.0EUR25.07.2022222.0214.6
26.09.20121 000.0USD26.09.20224 223.53 938.5
23.01.2014500.0EUR23.01.20192 259.12 176.1
Total    6 704.6 7 332.3
 

Bonds issued by the PKO Leasing SA Group

Issuance dateNominal valueCurrencyMaturity dateCarrying amount as at 31.12.2016Carrying amount as at 31.12.2015
01.12.2014*1 253.7PLN02.10.20251 260.7-
27.11.2015135.0PLN26.02.2016-134.4
04.12.201535.0PLN30.04.2016-34.8
11.12.2015130.0PLN11.03.2016-129.3
18.12.201565.0PLN18.03.2016-64.6
01.06.2016*300.0PLN01.06.2019300.3-
08.11.201619.5PLN16.01.201719.5-
10.11.201667.1PLN10.02.201767.0-
14.11.201664.7PLN16.01.201764.6-
06.12.201630.0PLN06.03.201729.9-
Total    1 742.0 363.1
 

Mortgage-covered bonds issued by PKO Bank Hipoteczny SA

Issuance dateNominal valueCurrencyMaturity dateCarrying amount as at 31.12.2016Carrying amount as at 31.12.2015
11.12.201530.0PLN11.12.202016.419.9
27.04.2016500.0PLN28.04.2021486.3-
17.06.2016500.0PLN18.06.2021498.0-
24.10.2016500.0EUR24.06.20222 201.6-
Total    3 202.3 19.9