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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).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
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31.2 Quantitative data

Annual Report 2019 > 31.2 Quantitative data
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Movement in investment property 1 January – 31 December 2019 1 January – 31 December 2018
Net carrying amount at the beginning of the period 1,697 2,355
Posting of right-of-use assets as at the time of application of IFRS 16 45 -
Additions 215 154
– purchase 195 139
– transfers from owner-occupied property 3 15
– transfers from held for sale categories under IFRS 5 17 -
Reductions (30) (842)
– sale and liquidation (14) (2)
– transfers to held for sale categories under IFRS 5 (16) (831)
– other - (9)
Gain (loss) on remeasurement to fair value 54 30
– through profit or loss 46 26
– through other comprehensive income 8 4
Net carrying amount at the end of the period, including 1,981 1,697
– buildings and structures 1,798 1,571
– own land 135 122
– perpetual usufruct right to land and cooperative ownership right to premises 48 4

The item “Perpetual usufruct of land” contains the right to use land for up to 99 years. This right may be traded.

The item “transfers from owner-occupied property” contains the value of properties at their carrying amounts (historical cost less accumulated depreciation and impairment losses) as at the date of transfer, which is the date of the change of use.

The fair value of investment property results from valuations by independent appraisers conducted mainly in 2019.