24. Securities

Significant accounting policies

Securities are classified in the individual measurement categories in accordance with the principles for selecting the business model and evaluating the characteristics of contractual cash flows referred to in the Note 5.4.

Financial data

	31.12.2023	31.12.2022
Debt securities held for trading	1,458	879
Debt securities measured at amortised cost	93,160	62,655
Debt securities measured at fair value through other comprehensive income	14,441	16,235
Equity instruments held for trading	4	2
Equity instruments designated for measurement at fair value through other comprehensive income	389	359
Equity instruments mandatorily measured at fair value through profit or loss	210	187
Total	109,662	80,317

Debt securities held for trading

	31.12.2023	31.12.2022
Debt securities issued by central governments	1,082	674
T- bills	–	–
T- bonds	1,082	674
Debt securities issued by banks	246	20
Debt securities issued by business entities	128	185
Debt securities issued by local governments	2	–
Total	1,458	879

Debt securities measured at amortised cost

	31.12.2023	31.12.2022
Debt securities issued by State Treasury	42,744	27,892
T-bills	8,715	3,034
T-bonds	34,029	24,858
Debt securities issued by central banks	18,502	12,246
Debt securities issued by banks	15,914	9,859
Debt securities issued by business entities	11,153	8,941
Debt securities issued by local governments	4,847	3,717
Total	93,160	62,655
including impairment of assets	-157	-154

Debt securities measured at fair value through other comprehensive income

	31.12.2023	31.12.2022
Debt securities issued by State Treasury	7,424	8,006
T-bills	–	–
T-bonds	7,424	7,757
Other	–	249
Debt securities issued by central banks	999	999
Debt securities issued by banks	2,175	3,114
Debt securities issued by business entities	2,226	2,526
Debt securities issued by local governments	1,617	1,590
Total	14,441	16,235
including impairment of assets (*)	-26	-36

(*) The impairment allowance for debt securities measured at fair value through other comprehensive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount.

Equity instruments designated at fair value through other comprehensive income

	31.12.2023	31.12.2022
Shares	4	2
Total	4	2

Equity instruments designated for measurement at fair value through other comprehensive income.

The portfolio of equity instruments designated for measurement at fair value through other comprehensive income includes the following investments

	FAIR VALUE AS AT 31.12.2023	DIVIDENDS RECOGNIZED IN 2023
Entity X from construction sector	9	–
Entity Z from construction sector	10	–
Entity Q from construction sector	12	–
Entity providing credit information	321	26
Infrastructure entity of Polish banking sector	29	2
Intermediary in transactions among financial entities	8	–
Total	389	28

	FAIR VALUE AS AT 31.12.2022	DIVIDENDS RECOGNIZED IN 2022
Entity X from construction sector	49	–
Entity Z from construction sector	8	–
Entity Q from construction sector	10	–
Entity providing credit information	269	24
Infrastructure entity of Polish banking sector	15	2
Intermediary in transactions among financial entities	8	–
Total	359	26

Equity instruments mandatorily measured at fair value through profit or loss

	31.12.2023	31.12.2022
Shares	210	187
Total	210	187

Debt securities according to contractual maturity

	31.12.2023	31.12.2022
Debt securities, including:
up to 1 month	22,808	15,518
between 1 and 3 months	9,495	3,528
between 3 months and 1 year	14,042	6,651
between 1 and 5 years	43,172	41,290
over 5 years	19,542	12,782
Total	109,059	79,769

The currency structure for the Securities item is presented in Note 46.4 in the section on currency risk.