Analysis of financial assets and liabilities by measurement basis
The significant accounting policies summary describes how the classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognized. The following table provides a breakdown of the carrying amounts of the financial assets and financial liabilities by category as defined by balance sheet heading.
December 31, 2022 | FVPL - mandatory | Fair value hedging instruments | FVOCI-equity instruments | Amortized cost | Financial liabilities used as hedged items | Financial liabilities designated at fair value | Total |
Financial assets measured at fair value | |||||||
Short-term deposits | 223,575 | - | - | - | - | - | 223,575 |
Derivative financial instruments | 177,554 | 17,685 | - | - | - | - | 195,239 |
Loans to the private sector | 486,067 | - | - | - | - | - | 486,067 |
Equity investments | 2,130,903 | - | 150,733 | - | - | - | 2,281,636 |
Total | 3,018,099 | 17,685 | 150,733 | - | - | - | 3,186,517 |
Financial assets not measured at fair value | |||||||
Banks | - | - | - | 26,807 | - | - | 26,807 |
Current accounts with state funds and other programs | - | - | - | 956 | - | - | 956 |
Short-term deposits | - | - | - | 1,144,801 | - | - | 1,144,801 |
Interest-bearing securities | - | - | - | 537,825 | - | - | 537,825 |
Loans to the private sector | - | - | - | 4,623,568 | - | - | 4,623,568 |
Other receivables | - | - | - | 17,251 | - | - | 17,251 |
Total | - | - | - | 6,351,208 | - | - | 6,351,208 |
Financial liabilities measured at fair value | |||||||
Derivative financial instruments | 335,045 | 275,931 | - | - | - | - | 610,976 |
Other financial liabilities | 82,328 | - | - | - | - | - | 82,328 |
Total | 417,373 | 275,931 | - | - | - | - | 693,304 |
Financial liabilities not measured at fair value | |||||||
Short-term credits | - | - | - | 52,156 | - | - | 52,156 |
Debentures and notes | - | - | - | 877,005 | 4,695,248 | - | 5,572,253 |
Current accounts with state funds and other programs | - | - | - | 1,058 | - | - | 1,058 |
Accrued liabilities | - | - | - | 24,466 | - | - | 24,466 |
Other liabilities | - | - | - | 52,263 | - | - | 52,263 |
Total | - | - | - | 1,006,948 | 4,695,248 | - | 5,702,196 |
December 31, 2021 | FVPL - mandatory | Fair value hedging instruments | FVOCI-equity instruments | Amortized cost | Financial liabilities used as hedged items | Total |
Financial assets measured at fair value | ||||||
Short-term deposits | 193,302 | - | - | - | - | 193,302 |
Derivative financial instruments | 129,345 | 106,328 | - | - | - | 235,673 |
Loans to the private sector | 621,978 | - | - | - | - | 621,978 |
Equity investments | 1,876,825 | - | 140,425 | - | - | 2,017,250 |
Total | 2,821,450 | 106,328 | 140,425 | - | - | 3,068,203 |
Financial assets not measured at fair value | ||||||
Banks | - | - | - | 95,873 | - | 95,873 |
Current accounts with state funds and other programs | - | - | - | 648 | - | 648 |
Short-term deposits | - | - | - | 1,149,877 | - | 1,149,877 |
Interest-bearing securities | - | - | - | 463,971 | - | 463,971 |
Loans to the private sector | - | - | - | 4,152,713 | - | 4,152,713 |
Other receivables | - | - | - | 22,477 | - | 22,477 |
Total | - | - | - | 5,885,559 | - | 5,885,559 |
Financial liabilities measured at fair value | ||||||
Derivative financial instruments | 167,719 | 24,506 | - | - | - | 192,225 |
Total | 167,719 | 24,506 | - | - | - | 192,225 |
Financial liabilities not measured at fair value | ||||||
Short-term credits | - | - | - | 123,359 | - | 123,359 |
Debentures and notes | - | - | - | 997,778 | 4,428,818 | 5,426,596 |
Current accounts with state funds and other programs | - | - | - | 1,017 | - | 1,017 |
Accrued liabilities | - | - | - | 28,208 | - | 28,208 |
Other liabilities | - | - | - | 22,400 | - | 22,400 |
Total | - | - | - | 1,172,762 | 4,428,818 | 5,601,580 |