16. Financial Assets Measured at Fair Value Through the Profit and Loss Account (Held for Trading) and Adjustment Due to Fair Value Hedge Accounting

16b. Financial assets valued at fair value through profit and loss (held for trading)

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	31.12.2016	31.12.2015
Trading financial assets	552 685	746 498
Adjustment due to fair value hedge	11 889	22 152
Financial assets valued at fair value when initially recognized	0	0
Total	564 574	768 650

Information on financial assets securing liabilities is presented in Supplementary Information.

16c. Debt securities valued at fair value through profit and loss (held for trading), at balance sheet value

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	31.12.2016	31.12.2015
– with fixed interest rate	310 095	348 262
– with variable interest rate	4 381	60 310
Total	314 476	408 572

16d. Debt securities valued at fair value through profit and loss (held for trading), by maturity

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	31.12.2016	31.12.2015
to 1 month	1 209	0
above 1 month to 3 months	0	0
above 3 months to 1 year	120 261	57 912
above 1 year to 5 years	110 666	299 092
above 5 years	82 340	51 568
Total	314 476	408 572

16e. Change of debt securities and equity instruments valued at fair value through profit and loss (held for trading)

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	01.01.2016 – 31.12.2016	01.01.2015 – 31.12.2015
Balance at the beginning of the period	410 254	934 234
Increases (purchase and accrual of interest and discount)	43 059 887	46 381 367
Reductions (sale and redemption)	(43 154 764)	(46 906 460)
Differences from valuation at fair value	(792)	1 113
Balance at the end of the period	314 585	410 254

Note 16f. Valuation of derivatives and: Adjustment due to fair value hedge, Liabilities from short sale of securities as at 31.12.2016

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	Par value of instruments with future maturity				Fair values
	below 3 months	from 3 months to 1 year	from 1 year to 5 years	above 5 years	Total	Assets	Liabilities
1. Interest rate derivatives	1 351 240	2 149 931	6 119 325	359 232	(5 481)	134 128	139 609
Forward Rate Agreements (FRA)	0	0	0	0	0	0	0
Interest rate swaps (IRS)	1 331 240	2 087 921	5 895 471	359 232	(5 481)	134 128	139 609
Other interest rate contracts: options	20 000	62 010	223 854	0	0	0	0
2. FX derivatives *	10 162 663	3 746 721	833 573	0	22 231	76 503	54 272
FX contracts	1 621 367	1 110 527	204 180	0	(4 542)	12 502	17 044
FX swaps	8 108 396	1 528 591	33 921	0	53 113	58 023	4 910
Other FX contracts (CIRS)	432 900	1 091 360	595 472	0	(26 340)	5 813	32 153
FX options	0	16 243	0	0	0	165	165
3. Embedded instruments	431 398	851 227	975 897	0	(26 116)	237	26 353
Options embedded in deposits	404 327	821 702	828 129	0	(22 128)	0	22 128
Options embedded in securities issued	27 071	29 525	147 768	0	(3 988)	237	4 225
4. Indexes options	487 246	893 226	950 131	0	26 199	27 231	1 032
Valuation of derivatives, TOTAL	12 432 547	7 641 105	8 878 926	359 232	16 833	238 099	221 266
Valuation of balance sheet items designated to fair value hedge accounting						11 889	10 896
Liabilities from short sale of securities							106 853

* Notional value for double-currency derivatives constitutes the sum of both transactions expressed in PLN

Note 16g. Valuation of derivatives and: Adjustment due to fair value hedge, Liabilities from short sale of securities as at 31.12.2015

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	Par value of instruments with future maturity				Fair values
	below 3 months	from 3 months to 1 year	from 1 year to 5 years	above 5 years	Total	Assets	Liabilities
1. Interest rate derivatives	5 793 902	3 843 867	8 053 556	505 959	17 828	254 288	236 460
Forward Rate Agreements (FRA)	2 500 000	750 000	0	0	417	452	35
Interest rate swaps (IRS)	3 293 902	3 093 867	7 968 054	505 959	17 411	253 835	236 424
Other interest rate contracts: options	0	0	85 502	0	0	1	1
2. FX derivatives *	12 091 708	2 261 527	855 008	0	(7 491)	39 667	47 158
FX contracts	2 021 293	999 949	250 256	0	(5 358)	6 628	11 986
FX swaps	7 517 015	410 928	20 480	0	8 442	30 997	22 555
Other FX contracts (CIRS)	2 553 400	850 650	584 272	0	(10 575)	2 042	12 617
FX options	0	0	0	0	0	0	0
3. Embedded instruments	281 321	1 499 753	906 470	0	(38 642)	0	38 642
Options embedded in deposits	258 949	1 409 228	752 722	0	(31 623)	0	31 623
Options embedded in securities issued	22 372	90 525	153 748	0	(7 019)	0	7 019
4. Indexes options	463 854	1 581 024	900 776	0	38 273	42 289	4 016
Valuation of derivatives, TOTAL	18 630 785	9 186 171	10 715 810	505 959	9 968	336 244	326 276
Valuation of balance sheet items designated to fair value hedge accounting						22 152	18 413
Liabilities from short sale of securities							0

* Notional value for double-currency derivatives constitutes the sum of both transactions expressed in PLN