34. Receivables
Reference Areas:
Health
Investments
Banking
Best Pratices in PZU
| Receivables – carrying amount | 31 December 2017 | 31 December 2016 (restated) |
| Receivables on direct insurance, including: | 2,482 | 2,233 |
| - receivables from policyholders | 2,320 | 1,996 |
| - receivables from insurance intermediaries | 134 | 213 |
| - other receivables | 28 | 24 |
| Reinsurance receivables | 68 | 76 |
| Other receivables | 6,546 | 3,355 |
| - receivables from disposal of securities and security deposits 1) | 4,658 | 2,413 |
| - receivables on account of payment card settlements | 716 | 202 |
| - trade receivables | 295 | 148 |
| Receivables from the state budget, other than corporate income tax receivables | 100 | 55 |
| - receivables from debt factoring | 68 | - |
| - prevention settlements | 58 | 47 |
| - receivables from direct claims handling on behalf of other insurance undertakings | 29 | 40 |
| - disputed settlements | 7 | - |
| - receivables for acting as an emergency adjuster | 12 | 11 |
| - receivables on account of Corporate Income Tax | 57 | 16 |
| - receivables from purchase price allocation of the acquisition of Bank BPH’s Core Business | 94 | 94 |
| - receivables from security and bid deposits | 91 | 12 |
| - other | 361 | 317 |
| Total receivables | 9,096 | 5,664 |
1) this line item presents receivables associated with executed but outstanding transactions on financial instruments.
As at 31 December 2017 and 31 December 2016, the fair value of receivables did not differ significantly from their carrying amount, primarily due to their short-term nature and the policy of recognizing impairment losses.
| Receivables by contractual maturity | 31 December 2017 | 31 December 2016 (restated) |
| Up to 1 year 1) | 9,038 | 5,388 |
| 1 to 5 years | 55 | 267 |
| Over 5 years | 3 | 9 |
| Total receivables by contractual maturity | 9,096 | 5,664 |
1) Including past due receivables
