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49. Assets and liabilities held for sale

PZU AR 2020 > Results > Supplementary information and notes > 49. Assets and liabilities held for sale
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49.1 Accounting policy

Assets and liabilities or groups held for sale are classified as held for sale if there is a sale plan for them and there is an active program of finding the buyer.

Assets and liabilities held for sale or groups held for sale are measured as one of the two values, whichever is lower: previous carrying amount or fair value minus the costs of effecting the sale.

49.2 Quantitative data

Assets held for sale by classification before transfer 31 December 2020 31 December 2019
Assets 517 504
Investment property 439 454
Investment financial assets measured at fair value through other comprehensive income 28 -
Intangible assets 2 -
Property, plant and equipment 4 -
Receivables 5 9
Deferred tax assets - 6
Cash and cash equivalents 33 34
Other assets 6 1
Liabilities related directly to assets classified as held for sale 121 29
Liabilities to clients under deposits 76 -
Other liabilities 30 22
Deferred tax liability 14 6
Other provisions 1 1
Other assets held for sale 73 76
Property, plant and equipment 10 33
Investment property 63 43
Assets and groups of assets held for sale 590 580
Liabilities related directly to assets classified as held for sale 121 29

The “Investment property” line item and the “Groups held for sale” section presented mainly the properties held by real estate sector mutual funds as held for sale, since the expected investment horizon has been reached.

Data took into account in the measurement of investment properties presented as held for sale are presented in section 9.2.1.2.