27. Investments in associates

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27. Investments in associates

Significant accounting policies

The accounting policies are described in Note 5.2.

Financial data

The table below contains information about the associate that is significant to the Group

NAME OF ENTITY	LOCATION	PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING		METHOD VALUATIONS	TYPE OF ASSOCIATION
NAME OF ENTITY	LOCATION	31.12.2023	31.12.2022	METHOD VALUATIONS	TYPE OF ASSOCIATION
Krajowy Integrator Płatności S.A.	Poland	38.33	38.33	Equity method	A company providing services as a domestic payment institution, operator of the Tpay.com system

Condensed financial information of the associate of Krajowy Integrator Płatności S.A.

	31.12.2023	31.12.2022
Assets	96	86
Property, plant and equipment	41	26
Total assets	137	112
Short term liabilities	88	78
Long term liabilities	–	–
Total liabilities	88	78
Net assets	49	34

Condensed financial information of the associate of Krajowy Integrator Płatności S.A.

	2023	2022
Income	75	64
Net profit (loss) from continuing operations	16	12
Other comprehensive income	–	–
Total comprehensive income	16	12

Reconciliation of condensed financial information to the carrying amount of shares in the associate Krajowy Integrator Płatności S.A.

	2023	2022
Group’s share in net assets at the beginning of the period	48	44
Group’s share in the net profit (loss) for the period	6	5
Group’s share of other comprehensive income	–	–
Dividends received from an associate	-1	-1
Group’s share of net assets at the end of the period	53	48
Shares carrying amount	53	48

26. Assets held for sale

28. Intangible assets