Liabilities to clients under deposits are recognized in the statement of financial position when the PZU Group company becomes a party to a binding contract in which it assumes the risk associated with the financial instrument.
In the next periods they are measured at amortized cost.
Liabilities to clients under deposits (or parts thereof) are excluded from the consolidated statement of financial position when the obligation specified in the contract is discharged or canceled or expires.
|Liabilities to clients under deposits||31 December 2020||31 December 2019|
|Liabilities to clients under deposits, total||241,975||218,588|
|Liabilities to clients under deposits by maturity||31 December 2020||31 December 2019|
|Up to 1 year||241,238||216,990|
|1 to 5 years||720||1,534|
|Over 5 years||17||64|
|Liabilities to clients under deposits by maturity, total||241,975||218,588|