close
Navigation Map
Interactive navigation is a tool that goes beyond the standard navigation of the integrated content (available in the report drop-down bar). New approach allowed to navigate in the two additional business dimensions of the PZU Group, i.e .:
- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
Operating model
Climate
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
Market
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
27.2 Quantitative data
| Movement in intangible assets (by type groups) in the year ended 31 December 2019 | Software, licenses and similar assets | Trademarks | Client relations | Intangible assets under development | Other intangible assets | Total intangible assets |
| Gross value at the beginning of the period | 2,563 | 611 | 1,900 | 365 | 80 | 5,519 |
| Changes: | 392 | - | 15 | 98 | 5 | 510 |
| – purchases and in-house production | 43 | - | - | 486 | 5 | 534 |
| – change in composition of the Group | - | 2 | 18 | 1 | 1 | 22 |
| – transfers | 370 | - | - | (377) | (1) | (8) |
| – sale and liquidation | (22) | - | - | (3) | - | (25) |
| – foreign exchange differences and other | 1 | (2) | (3) | (9) | - | (13) |
| Gross value at the end of the period | 2,955 | 611 | 1,915 | 463 | 85 | 6,029 |
| Accumulated amortization at the beginning of the period | (1,299) | - | (947) | - | (64) | (2,310) |
| Changes: | (363) | - | (230) | - | (4) | (597) |
| – amortization for the period | (383) | - | (233) | - | (8) | (624) |
| – sale and liquidation | 22 | - | - | - | - | 22 |
| – transfers | - | - | - | - | 4 | 4 |
| – foreign exchange differences and other | (2) | - | 3 | - | - | 1 |
| Accumulated amortization at the end of the period | (1,662) | - | (1,177) | - | (68) | (2,907) |
| Impairment losses at the beginning of the period | (14) | - | - | (11) | (4) | (29) |
| Changes charged to other operating expenses | (1) | - | - | (2) | - | (3) |
| Other changes | - | - | - | 2 | 4 | 6 |
| Impairment losses – at the end of the period | (15) | - | - | (11) | - | (26) |
| Net value of intangible assets at the end of the period | 1,278 | 611 | 738 | 452 | 17 | 3,096 |
| Movement in intangibles (by type groups) in the year ended 31 December 2018 | Software, licenses and similar assets | Trademarks | Client relations | Intangible assets under development | Other intangible assets | Total intangible assets |
| Gross value at the beginning of the period | 2,312 | 607 | 1,891 | 259 | 75 | 5,144 |
| Changes: | 251 | 4 | 9 | 106 | 5 | 375 |
| – purchases and in-house production | 90 | - | - | 341 | 2 | 433 |
| – transfers | 201 | - | - | (203) | 2 | - |
| – sale and liquidation | (69) | - | - | - | (2) | (71) |
| – foreign exchange differences and other | 29 | 4 | 9 | (32) | 3 | 13 |
| Gross value at the end of the period | 2,563 | 611 | 1,900 | 365 | 80 | 5,519 |
| Accumulated amortization at the beginning of the period | (1,017) | - | (609) | - | (53) | (1,679) |
| Changes: | (282) | - | (338) | - | (11) | (631) |
| – amortization for the period | (348) | - | (331) | - | (9) | (688) |
| – sale and liquidation | 66 | - | - | - | 1 | 67 |
| – foreign exchange differences and other | - | - | (7) | - | (3) | (10) |
| Accumulated amortization at the end of the period | (1,299) | - | (947) | - | (64) | (2,310) |
| Impairment losses at the beginning of the period | (13) | - | - | (8) | (1) | (22) |
| Changes charged to other operating expenses | (1) | - | - | (3) | - | (4) |
| Other changes | - | - | - | - | (3) | (3) |
| Impairment losses – at the end of the period | (14) | - | - | (11) | (4) | (29) |
| Net value of intangible assets at the end of the period | 1,250 | 611 | 953 | 354 | 12 | 3,180 |
Trademarks, which are intangible assets with an indefinite period of useful life, were subject to an impairment test together with the CGUs to which they belong. The tests have shown no need to recognize impairment losses. Additional information about the tests is presented in section 26.3.
| Amortization of intangible assets, by their presentation in consolidated profit and loss account | 1 January – 31 December 2019 | 1 January – 31 December 2018 |
| Claims, benefits and movement in technical provisions | 23 | 22 |
| Acquisition expenses | 36 | 39 |
| Administrative expenses | 326 | 293 |
| Other operating expenses1 | 239 | 334 |
| Total amortization | 624 | 688 |
1 Including the amortization of intangible assets purchased in company acquisition transactions in the amount of PLN 233 million (PLN 331 million in 2018).