Due to the adopted accounting policy and the fact that the PZU Group entities did not separate defined benefit assets, the carrying amount of defined benefit provisions is equal to the current value of the corresponding liabilities.
The actuarial assumptions used for the purpose of estimating provisions for employee benefits have been presented in Note 6.2.5.
Provisions for employee benefits | 31 December 2016 | 31 December 2015 |
---|---|---|
Provision for employee leaves | 76 | 67 |
Defined benefits plans | 49 | 47 |
- provisions for retirement severance pay | 33 | 23 |
- provisions for death benefits | 16 | 24 |
Other long-term employee benefits | 3 | 3 |
Total provisions for employee benefits | 128 | 117 |