Cash and cash equivalents include, among other things, cash at hand and on current bank accounts, including the account kept with NBP.
Cash is recognized at its nominal value.
The consolidated cash flow statement carries the cash of insurance companies’ Preventive Funds and VAT split-payments as restricted cash. Pursuant to the Polish regulations and the internal regulations of the PZU Group companies that are based on them, this cash may be spent only for specific purposes as part of preventive activities or VAT split-payments.
|Cash and cash equivalents carried in the statement of financial position and in the cash flow statement||31 December 2020||31 December 2019|
|Cash in the central bank 1||1,098||2,655|
|Cash on hand and on bank accounts||6,841||5,132|
|Cash and cash equivalents carried in the statement of financial position and in the cash flow statement, total||7,939||7,788|