4.7. Classification of financial assets and financial liabilities according to IFRS on first-time application of IFRS 9
Categories of measurement of financial instruments pursuant to IAS 39 and new measurement categories pursuant to IFRS 9 for the Group’s financial assets and financial liabilities, taking into account changes in measurement and impairment allowances set up in accordance with IFRS 9 as at 1 January 2018 are shown in the table below.
2018
| As at 01.01.2018 | Classification under IAS 39 | Carrying amount under IAS 39 | New classification under IFRS 9 | New carrying amount under IFRS 9 |
|---|---|---|---|---|
| Financial assets | ||||
| Cash and balances with the Central Bank | loans and receivables | 17 810 | measured at amortized cost | 17 810 |
| Amounts due from banks | loans and receivables | 5 233 | measured at amortized cost | 5 233 |
| Hedging derivatives | measured at fair value through profit or loss | 887 | not held for trading, measured at fair value through profit or loss | 887 |
| Other derivative instruments | held for trading | 1 711 | held for trading | 1 699 |
| Securities held for trading | held for trading | 431 | held for trading | 431 |
| Financial instruments designated at fair value through profit or loss upon initial recognition – debt instruments | measured at fair value through profit or loss | 6 688 | measured at fair value through other comprehensive income | 4 199 |
| not held for trading, measured at fair value through profit or loss | 2 489 | |||
| Financial instruments designated at fair value through profit or loss upon initial recognition – equity instruments | measured at fair value through profit or loss | 1 469 | not held for trading, measured at fair value through profit or loss | 1 469 |
| Available-for-sale investment securities – debt instruments | available for sale | 43 192 | measured at fair value through other comprehensive income | 43 024 |
| not held for trading, measured at fair value through profit or loss | 157 | |||
| Available-for-sale investment securities – equity instruments | available for sale1 | 483 | not held for trading, measured at fair value through profit or loss | 575 |
| Investment securities held to maturity – debt securities | held to maturity | 1 812 | measured at amortized cost | 1 812 |
| Loans and advances to customers | loans and receivables | 201 260 | measured at amortized cost | 199 393 |
| not held for trading, measured at fair value through profit or loss | 1 070 | |||
| Loans and advances to customers – (debt instruments, corporate and municipal bonds) | loans and receivables | 4 368 | ||
| Investment securities – debt instruments | measured at amortized cost | 4 368 | ||
| Other financial assets | loans and receivables | 2 377 | measured at amortized cost | 2 377 |
| TOTAL financial assets | 287 721 | – | 286 993 | |
1 In accordance with IAS 39 part of the portfolio referred to above, consisting of equity instruments not quoted on active markets were measured, after initial recognition, at cost net of impairment.
Corporate and communal bonds which in accordance with IAS 39 met the definition of loans and advances, as at 31 December 2017 had been presented in “Loans and advances to customers”. After IFRS 9 became binding, due to the fact that the securities meet the SPPI test criterion and are classified to “hold to collect” model, they are qualified to the category of financial assets measured at amortized cost and presented in the item dedicated to securities measured at amortized cost.
| As at 01.01.2018 | Classification under IAS 39 | Carrying amount under IAS 39 | New classification under IFRS 9 | New carrying amount under IFRS 9 |
|---|---|---|---|---|
| Financial liabilities | ||||
| Amounts due to the Central Bank | measured at amortized cost | 6 | measured at amortized cost | 6 |
| Amounts due to banks | measured at amortized cost | 4 558 | measured at amortized cost | 4 558 |
| Hedging derivatives | measured at fair value through profit or loss | 204 | measured at fair value through profit or loss | 204 |
| Other derivative instruments | measured at fair value through profit or loss | 2 536 | measured at fair value through profit or loss | 2 536 |
| Amounts due to customers | measured at amortized cost | 220 917 | measured at amortized cost | 220 917 |
| Debt securities in issue | measured at amortized cost | 23 932 | measured at amortized cost | 23 932 |
| Subordinated liabilities | measured at amortized cost | 1 720 | measured at amortized cost | 1 720 |
| Other financial liabilities | measured at amortized cost | 4 129 | measured at amortized cost | 4 129 |
| TOTAL financial liabilities | 258 002 | 258 002 | ||