32.2 Quantitative data
Reference Areas:
Health
Investments
Banking
Best Pratices in PZU
| Associates | 31 December 2017 | 31 December 2016 | 31 December 2017 | 31 December 2016 |
| Name of the entity | EMC Instytut Medyczny SA | GSU Pomoc Górniczy Klub Ubezpieczonych SA | ||
| Nature of PZU’s relationship with the entity | Associate – non-strategic | Associate – non-strategic | ||
| Registered office of the entity | Wroclaw | Wroclaw | Tychy | Tychy |
| Equity stake in the entity | 28.31% | 28.31% | 30.00% | 30.00% |
| Percentage of votes in the entity | 25.44% | 25.44% | 30.00% | 30.00% |
| Measurement method in the consolidated financial statements | Equity method | Equity method | ||
| Accounting standard used by the entity | IFRS | PAS | ||
| Carrying amount of the exposure to the entity | 20 | 37 | - | - |
| Fair value of the exposure to the entity | 20 | 37 | None – unquoted entity | None – unquoted entity |
| Value of dividends received from the entity | - | - | - | - |
| Key financial highlights | ||||
| Assets, including: | 285 | 285 | 4 | 4 |
| Short-term assets, including: | 46 | 46 | 4 | 3 |
| Cash and cash equivalents | 12 | 11 | 4 | 3 |
| Long-term assets | 239 | 239 | - | 1 |
| Equity | 123 | 142 | 2 | 2 |
| Liabilities, including: | 162 | 143 | 2 | 2 |
| Short-term liabilities, including: | 86 | 76 | 2 | 2 |
| Current financial liabilities | 27 | 28 | - | - |
| Long-term liabilities, including: | 76 | 67 | - | - |
| Long-term financial liabilities | 59 | 50 | - | - |
| Revenues on core business | 312 | 278 | 2 | 2 |
| Depreciation and amortization | 15 | 14 | - | - |
| Interest income | - | - | - | - |
| Interest expense | 5 | 3 | - | - |
| Income tax | 1 | 2 | - | - |
| Comprehensive income, incl.: | (8) | (11) | - | - |
| Net financial result, including: | (8) | (11) | - | - |
| Net financial result on continuing operations | (8) | (11) | - | - |
| Net financial result on discontinued operations | - | - | - | - |
| Other comprehensive income | - | - | - | - |
There are no restrictions (e.g. resulting from any findings regarding borrowings, regulatory requirements or agreements) as to the ability of transferring funds by the associates in the form of cash dividends.
| Reconciliation of measurement of EMC | 1 January – 31 December 2017 | 1 January – 31 December 2016 |
| Net assets of EMC | 123 | 142 |
| Non-controlling interest in EMC’s accounts | (8) | (8) |
| Goodwill in EMC’s accounts at the moment significant influence was obtained | (1) | (1) |
| Net assets of EMC accepted for measurement by the equity method | 114 | 133 |
| PZU Group’s share in EMC’s capital | 33 | 38 |
| Goodwill | 29 | 29 |
| Impairment loss | (42) | (30) |
| Carrying amount | 20 | 37 |
