Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

At the end of each financial year and any time there are any indications of impairment, shares in associates and joint ventures are tested for impairment. The test involves assessing the recoverable amount of the individual entities and comparing it to the carrying amount (including goodwill). If the recoverable amount is lower then the impairment loss applies first to goodwill.

The impairment test performed as at 31 December 2017 showed the need to recognize an impairment loss for EMC shares in the amount of PLN 12 million. The recoverable amount was determined on the basis of value in use.

 

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