35.2 Quantitative data
Reference Areas:
Health
Investments
Banking
Best Pratices in PZU
| Cash and cash equivalents in the statement of financial position and cash flow statement | 31 December 2017 | 31 December 2016 |
| Balances with the central bank 1) | 2,518 | 17 |
| Cash at bank and in hand | 5,390 | 2,956 |
| Other | 330 | - |
| Total cash and cash equivalents in the statement of financial position and cash flow statement | 8,239 | 2,973 |
1) This amount pertains to the required reserve that Pekao and Alior Bank maintain on their current accounts with the National Bank of Poland, at levels consistent with decisions of the Monetary Policy Council. The increase between the presented periods is a result of the consolidation of Pekao in 2017.
Notes to the consolidated cash flow statement
In the consolidated cash flow statement, Prevention Fund resources were recognized as restricted cash. According to the Polish law and internal regulations of PZU Group companies, which are based on that law, these funds may only be expended for specific purposes within the prevention activity and full control must be retained over these funds in prevention activity.
