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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).
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
39.2 Quantitative data
| Assets held for sale by classification before transfer | 31 December 2019 | 31 December 2018 |
| Groups held for sale | 475 | 1,021 |
| Assets | 504 | 1,070 |
| Investment property | 454 | 973 |
| Receivables | 9 | 12 |
| Deferred tax assets | 6 | 5 |
| Cash and cash equivalents | 34 | 76 |
| Other assets | 1 | 4 |
| Liabilities related directly to assets classified as held for sale | 29 | 49 |
| Deferred tax liability | 6 | 27 |
| Other liabilities | 11 | 22 |
| Liabilities for borrowings | 5 | - |
| Other financial liabilities | 6 | - |
| Other provisions | 1 | - |
| Other assets held for sale | 76 | 77 |
| Property, plant and equipment | 33 | 34 |
| Investment property | 43 | 43 |
| Assets and groups of assets held for sale | 580 | 1,147 |
| Liabilities related directly to assets classified as held for sale | 29 | 49 |
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.
The table below contains the list of the largest real properties designated for sale along with important parameters which were taken into consideration in valuation.
All real properties classified as level III fair value were valuated by the income approach using the investment method and the straight capitalization technique. That valuation employed unobservable input data such as:
- capitalization rate – determined through analysis of rates of return obtained in transactions for similar real properties;
- monthly rental rate per 1 m2 of relevant space or per parking space
| Investment property classified as Level III | Type of space | 31 December 2019 | 31 December 2018 | ||||
| Carrying amount | Rental fees included in the measurement | Capitalization rates included in the measurement | Carrying amount | Rental fees included in the measurement | Capitalization rates included in the measurement | ||
| Office properties | Office Parking lot | - | - | - | 44 | 12.90 – 14.45 EUR 79.85 – 80.00 EUR | 6.40% |
| Commercial properties | Commercial | 153 | depending on size of leased space | 7.65% – 9.75% | 179 | depending on size of leased space | 7.40% – 8.80% |
| Warehousing properties | Office Warehouse | 296 | 9.00 EUR 3.40 – 3.50 EUR | 6.50% – 6.95% | 750 | 2.65 – 9.00 EUR 2.42 – 4.16 EUR | 6.50% – 7.55% |
| Other | 48 | 43 | |||||
| Total | 497 | 1,016 | |||||