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The comparison of financial assets and liabilities as at the date of first application of IFRS 9, i.e. as at 1 January 2018 is presented in Note 2.6.
The following tables present information on categories and classes of financial instruments.
| Financial instrument classes | Note | Financial instrument categories | TOTAL | ||
|---|---|---|---|---|---|
| Amortized cost | Fair value settled through the financial result | Hedging instruments | |||
| AS AT 31 DECEMBER 2018 | |||||
| Interests in other entities | – | 0.1 | – | 0.1 | |
| Trade receivables | 7.8 | 976.9 | – | – | 976.9 |
| gross value | 1,056.5 | – | – | 1,056.5 | |
| impairment losses | (79.6) | – | – | (79.6) | |
| Bank term deposits | 7.6, 7.9 | 10.6 | – | – | 10.6 |
| gross value | 10.6 | – | – | 10.6 | |
| Covered bonds | 7.5 | – | 183.4 | – | 183.4 |
| gross value | – | 183.4 | 183.4 | ||
| Debt securities | 7.5 | – | 644.0 | – | 644.0 |
| gross value | – | 644.0 | 644.0 | ||
| Deposits | 7.5 | 701.0 | – | – | 701.0 |
| gross value | 701.0 | – | 701.0 | ||
| Cash and cash equivalents in FIZ | 7.5 | 304.2 | – | – | 304.2 |
| gross value | 304.2 | – | – | 304.2 | |
| Cash and cash equivalents * | 7.6, 7.9 | 1,979.9 | – | – | 1,979.9 |
| gross value | 1,980.2 | – | – | 1,980.2 | |
| impairment losses | (0.3) | – | – | (0.3) | |
| Derivatives | 9.4 | – | 1.9 | 5.3 | 7.2 |
| TOTAL | 3,972.6 | 829.4 | 5.3 | 4,807.3 | |
*This item also includes funds accumulated to finance the decommissioning of a mine (Cash and cash equivalents of the Mine Closure Fund) – Note 7.6.
None of the significant financial assets that were not overdue were renegotiated during the last year.
| Financial instrument classes | Note | Financial instrument categories | Total | |||
|---|---|---|---|---|---|---|
| Financial assets at fair value through profit or loss | Financial assets available for sale | Loans and receivables | Hedging instruments | |||
| AS AT 31 DECEMBER 2017 | ||||||
| Ownership interest and shares not listed on a stock exchange | – | 0.1 | – | – | 0.1 | |
| Trade receivables | 7.8 | – | – | 688.1 | – | 688.1 |
| Receivables by virtue of the acquisition of investment certificates | 7.8 | 1,450.0 | – | – | – | 1,450.0 |
| Bank term deposits | – | – | 10.4 | – | 10.4 | |
| Cash and cash equivalents * | 7.9, 7.6 | – | – | 1,480.4 | – | 1,480.4 |
| Derivatives | 9.4 | 5.5 | – | – | 8.3 | 13.8 |
| TOTAL | 1,455.5 | 0.1 | 2,178.9 | 8.3 | 3,642.8 | |
* This item also includes funds accumulated to finance the decommissioning of a mine (Cash and cash equivalents of the Mine Closure Fund) – Note 7.6.
| Financial instrument classes | Note | Financial instrument categories | Total | ||
|---|---|---|---|---|---|
| Amortized cost | Financial liabilities measured at fair value through profit or loss |
Hedging instruments | |||
| AS AT 31 DECEMBER 2018 | |||||
| Derivatives | – | 5.6 | 0.4 | 6.0 | |
| FIZ derivatives – interest rate swap (IRS) in PLN) | 7.5 | 6.5 | – | – | 6.5 |
| Loans and borrowings | 6.1 | 70.0 | – | – | 70.0 |
| Liabilities under debt securities issued | 6.2 | 121.0 | – | – | 121.0 |
| Finance lease liabilities | 40.3 | – | – | 40.3 | |
| Trade liabilities and other financial liabilities | 7.13 | 1,971.5 | – | – | 1,971.5 |
| TOTAL | 2,209.3 | 5.6 | 0.4 | 2,215.3 | |
*Pozycja obejmuje również środki zgromadzone w celu finansowania likwidacji zakładu górniczego (Środki pieniężne i ich ekwiwalenty FLZG) – Nota 7.6.
| Financial instrument classes | Note | Financial instrument categories | Total | |||
|---|---|---|---|---|---|---|
| Financial liabilities measured at fair value through profit or loss |
Financial liabilities measured at amortized cost | Hedging instruments | Financial liabilities excluded from IAS 39 |
|||
| AS AT 31 DECEMBER 2017 | ||||||
| Loans and borrowings | 6.1 | – | 122.2 | – | – | 122.2 |
| Liabilities under debt securities issued | 6.2 | – | 856.0 | – | – | 856.0 |
| Finance lease liabilities | 6.3 | – | – | – | 66.8 | 66.8 |
| Trade liabilities and other financial liabilities | 7.13 | – | 1,409.6 | – | – | 1,409.6 |
| TOTAL | – | 2,387.8 | – | 66.8 | 2,454.6 | |
As at 31 December 2018 and as at 31 December 2017, the fair value of financial assets and liabilities measured at amortized cost did not differ significantly from their carrying amounts.