35.3 Financial assets measured at fair value through profit or loss

As at 31 December 2015 and 31 December 2014, the PZU Group entities were not parties to any contracts with embedded derivatives, the nature and the relating risks of which would not be closely connected with the host contract.

Financial assets measured at fair value through profit or loss 31 December 2015 31 December 2014
Assets classified as such upon initial recognition 13,245,460 12,571,137
Equity instruments 2,384,554 1,482,597
Listed on a regulated market 2,274,062 1,443,739
Not listed on the regulated market 110,492 38,858
Debt instruments 10,860,906 11,088,540
Government securities 10,630,780 11,005,221
Fixed rate 9,047,572 9,814,334
Floating rate 1,583,208 1,190,887
Other 230,126 83,319
Listed on a regulated market 230,126 83,319
Fixed rate 230,126 83,319
Assets held for trading 7,402,943 6,525,347
Equity instruments 4,077,204 4,463,405
Listed on a regulated market 1,052,849 1,572,464
Not listed on the regulated market 3,024,355 2,890,941
Debt instruments 2,352,363 1,515,539
Government securities 2,278,369 1,441,296
Fixed rate 2,228,895 1,409,570
Floating rate 49,474 31,726
Other 73,994 74,243
Listed on a regulated market 311 -
Floating rate 311 -
Not listed on the regulated market 73,683 74,243
Floating rate 73,683 74,243
Derivative instruments 973,376 546,403
Total financial assets measured at fair value through profit or loss 20,648,403 19,096,484
financial_assets_10_pzu2015.xlsx

Additional information on involvement in derivatives and related risks are presented in Note 8.5.2

Financial assets measured at fair value through profit or loss 31 December 2015 31 December 2014
Short-term 12,527,527 10,858,702
Long-term 8,120,876 8,237,782
Total financial assets measured at fair value through profit or loss 20,648,403 19,096,484
financial_assets_11_pzu2015.xlsx

Equity instruments are classified as long-term unless they are planned to be sold within 12 months from the end of the financial year or they are a part of the financial assets held for trading portfolio.

Carrying amount of debt instruments measured at fair value through profit or loss by redemption date as at 31 December 2015 up to 1 year over 1 year and up to 2 years over 2 years and up to 3 years over 3 years and up to 4 years over 4 years and up to 5 years over 5 years Total
Instruments classified as such upon initial recognition 2,002,624 1,166,790 1,033,082 1,769,097 1,329,794 3,559,519 10,860,906
Government securities 1,883,747 1,163,974 1,014,508 1,763,377 1,312,032 3,493,142 10,630,780
Fixed rate 1,850,833 1,071,379 1,009,658 1,623,190 1,194,758 2,297,754 9,047,572
Floating rate 32,914 92,595 4,850 140,187 117,274 1,195,388 1,583,208
Other 118,877 2,816 18,574 5,720 17,762 66,377 230,126
Listed on a regulated market 118,877 2,816 18,574 5,720 17,762 66,377 230,126
Fixed rate 118,877 2,816 18,574 5,720 17,762 66,377 230,126
Instruments held for trading 23,682 405,335 429,829 444,114 336,548 712,855 2,352,363
Government securities 23,371 354,747 406,734 444,114 336,548 712,855 2,278,369
Fixed rate 4,170 344,654 386,554 444,114 336,548 712,855 2,228,895
Floating rate 19,201 10,093 20,180 - - - 49,474
Other 311 50,588 23,095 - - - 73,994
Listed on a regulated market 311 - - - - - 311
Floating rate 311 - - - - - 311
Not listed on the regulated market - 50,588 23,095 - - - 73,683
Floating rate - 50,588 23,095 - - - 73,683
Total carrying amount of debt instruments measured at fair value through profit or loss by redemption date 2,026,306 1,572,125 1,462,911 2,213,211 1,666,342 4,272,374 13,213,269
financial_assets_12_pzu2015.xlsx
   
Carrying amount of debt instruments measured at fair value through profit or loss by redemption date as at 31 December 2014 up to 1 year over 1 year and up to 2 years over 2 years and up to 3 years over 3 years and up to 4 years over 4 years and up to 5 years over 5 years Total
Instruments classified as such upon initial recognition 564,379 2,537,527 1,770,867 2,132,417 1,721,732 2,361,618 11,088,540
Government securities 556,856 2,536,934 1,769,524 2,128,868 1,721,479 2,291,560 11,005,221
Fixed rate 556,856 2,536,838 1,542,427 1,944,593 1,277,261 1,956,359 9,814,334
Floating rate - 96 227,097 184,275 444,218 335,201 1,190,887
Other 7,523 593 1,343 3,549 253 70,058 83,319
Listed on a regulated market 7,523 593 1,343 3,549 253 70,058 83,319
Fixed rate 7,523 593 1,343 3,549 253 70,058 83,319
Instruments held for trading 27,063 458,380 350,305 352,300 325,609 1,882 1,515,539
Government securities 27,063 458,380 299,332 329,030 325,609 1,882 1,441,296
Fixed rate 1,720 451,997 299,332 329,030 325,609 1,882 1,409,570
Floating rate 25,343 6,383 - - - - 31,726
Other - - 50,973 23,270 - - 74,243
Not listed on the regulated market - - 50,973 23,270 - - 74,243
Floating rate - - 50,973 23,270 - - 74,243
Total carrying amount of debt instruments measured at fair value through profit or loss by redemption date 591,442 2,995,907 2,121,172 2,484,717 2,047,341 2,363,500 12,604,079
financial_assets_13_pzu2015.xlsx
             
Financial assets measured at fair value through profit or loss by currency 31 December 2015
  PLN EUR USD HUF RON CZK Other Total
Assets classified as such upon initial recognition 12,128,694 505,859 302,717 76,326 78,455 122,308 31,101 13,245,460
Equity instruments 2,190,827 127,187 48,718 1,105 - 16,717 - 2,384,554
Listed on a regulated market 2,190,132 30,341 35,767 1,105 - 16,717 - 2,274,062
Not listed on the regulated market 695 96,846 12,951 - -   - 110,492
Debt instruments 9,937,867 378,672 253,999 75,221 78,455 105,591 31,101 10,860,906
Government securities 9,909,571 197,939 253,317 75,221 78,455 105,591 10,686 10,630,780
Fixed rate 8,505,742 197,939 253,317 1,433 78,455   10,686 9,047,572
Floating rate 1,403,829 - - 73,788 - 105,591 - 1,583,208
Other 28,296 180,733 682 - - - 20,415 230,126
Listed on a regulated market 28,296 180,733 682 - - - 20,415 230,126
Fixed rate 28,296 180,733 682 - - - 20,415 230,126
Assets held for trading 5,805,374 812,728 346,807 161,986 15,912 47,347 212,789 7,402,943
Equity instruments 3,763,404 152,533 117,826 27,803 13,941 1,697 - 4,077,204
Listed on a regulated market 939,885 44,029 25,494 27,803 13,941 1,697 - 1,052,849
Not listed on the regulated market 2,823,519 108,504 92,332 - - - - 3,024,355
Debt instruments 1,537,221 573,992 159,446 81,704 - - - 2,352,363
Government securities 1,463,227 573,992 159,446 81,704 - - - 2,278,369
Fixed rate 1,413,753 573,992 159,446 81,704 - - - 2,228,895
Floating rate 49,474 - - - - - - 49,474
Other 73,994 - - - - - - 73,994
Listed on a regulated market 311 - - - - - - 311
Floating rate 311 - - - - - - 311
Not listed on the regulated market 73,683 - - - - - - 73,683
Floating rate 73,683 - - - - - - 73,683
Derivative instruments 504,749 86,203 69,535 52,479 1,971 45,650 212,7891) 973,376
Total financial assets measured at fair value through profit or loss by currency 17,934,068 1,318,587 649,524 238,312 94,367 169,655 243,890 20,648,403

1) including PLN 156,058 denominated in BRL

financial_assets_14_pzu2015.xlsx

Financial assets measured at fair value through profit or loss by currency 31 December 2014
  PLN EUR USD HUF Other Total
Assets classified as such upon initial recognition 11,786,698 406,087 144,511 163,498 70,343 12,571,137
Equity instruments 1,392,993 63,973 12,683 - 12,948 1,482,597
Listed on a regulated market 1,392,536 39,291 356 - 11,556 1,443,739
Not listed on the regulated market 457 24,682 12,327 - 1,392 38,858
Debt instruments 10,393,705 342,114 131,828 163,498 57,395 11,088,540
Government securities 10,364,401 288,547 131,380 163,498 57,395 11,005,221
Fixed rate 9,198,609 288,547 131,380 138,403 57,3951) 9,814,334
Floating rate 1,165,792 - - 25,095 - 1,190,887
Other 29,304 53,567 448 - - 83,319
Listed on a regulated market 29,304 53,567 448 - - 83,319
Fixed rate 29,304 53,567 448 - - 83,319
Assets held for trading 5,851,418 232,091 190,206 92,574 159,058 6,525,347
Equity instruments 4,080,344 170,477 136,881 27,502 48,201 4,463,405
Listed on a regulated market 1,379,609 67,540 49,612 27,502 48,201 1,572,464
Not listed on the regulated market 2,700,735 102,937 87,269 - - 2,890,941
Debt instruments 1,479,939 24,842 10,758 - - 1,515,539
Government securities 1,405,696 24,842 10,758 - - 1,441,296
Fixed rate 1,373,970 24,842 10,758 - - 1,409,570
Floating rate 31,726 - - - - 31,726
Other 74,243 - - - - 74,243
Not listed on the regulated market 74,243 - - - - 74,243
Floating rate 74,243 - - - - 74,243
Derivative instruments 291,135 36,772 42,567 65,072 110,857 546,403
Total financial assets measured at fair value through profit or loss by currency 17,638,116 638,178 334,717 256,072 229,401 19,096,484

1) Including PLN 50,885 in RON.

financial_assets_15_pzu2015.xlsx