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Best Pratices in PZU

Interest income comprises interest on financial instruments measured at amortized cost, available for sale and hedging derivatives. Interest income also includes fees and commissions directly related to the creation of a financial instrument constituting an integral part of the effective interest rate.

The effective interest rate is the rate that discounts estimated future cash flows to the net carrying amount of the financial asset or financial liability.

Interest income is recognized on an accrual basis based on the effective interest rate. Dividends are recognized as income when the right to dividend is acquired.

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