7.4 Other financial instruments measured at amortised cost
in PLN millions, unless otherwise stated
The item other financial instruments measured at amortised cost includes financial assets designated to cover the costs of decommissioning mines (accounting policies with respect to the obligation to decommission mines are presented in Note 9.4) and other financial assets not classified to other items.
Assets included, in accordance with IFRS 9, in the category “measured at amortised cost”, are initially recognised at fair value adjusted by transaction costs, which
can be directly attributed to the purchase of these assets and measured at amortised cost at the end of the reporting period using the effective interest rate method, reflecting impairment.
Sensitivity analysis of the risk of changes in interest rates of cash accumulated on a bank account of the Mine Closure Fund and of investments in debt securities is presented in Note 7.5.1.4.
| As at 31 December 2022 |
As at 31 December 2021 |
||
| Nota 7.1 | Cash held in the Mine Closure Fund
and Tailings Storage Facility Restoration Fund* |
406 | 427 |
| Other non-current financial receivables | 63 | 72 | |
| Total, of which: | 469 | 499 | |
| recognised in assets held for sale (disposal group) | – | 3 | |
| recognised as “other financial instruments measured at amortised cost” |
469 | 496 | |
Financial assets designated for decommissioning mines and restoring tailings storage facilities are exposed to the credit risk described in Note 7.5.2.5.
Details regarding revaluation of the provision for the decommissioning costs of mines and other technological facilities are described in Note 9.4.