|Change in deferred acquisition costs in non-life insurance||1 January – 31 December 2015||1 January – 31 December 2014|
|Carrying amount – opening balance||644,451||546,476|
|Deferred acquisition costs||1,149,975 1)||689,604|
|Depreciation for the period recognized in the statement of profit or loss||(714,632)||(572,310)|
|Transfer of PZU Lithuania's assets to assets held for sale due to the transaction described in Note 2.4.1 2)||-||(15,136)|
|Carrying amount – closing balance||1,078,307||644,451|
1) The increase of deferred acquisition expenses results mainly from deferring a part of indirect acquisition costs (see Note 6.2.5 for additional information) and the consolidation of AAS Balta, Lietuvos Draudimas AB, and Link4 for the full financial year.
2) The decrease of deferred acquisition expenses was translated at average rate described in Note 5.3.