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G1-6
PZU and PZU Życie have the status of a large entrepreneur within the meaning of the Law on Counteracting Excessive Delays in Commercial Transactions of March 8, 2013. Pursuant to the law, payment terms in transactions in which the creditor is a micro, small or medium-sized enterprise and the debtor is a large enterprise (the socalled asymmetric transaction) are 60 days. Internal regulations in place at PZU and PZU Życie reduce the standard payment term to 30 days and apply it to all categories of suppliers.
The following table shows the percentage distribution of invoices paid on time and late payments to small and medium-sized enterprises (SMEs) in 2023.
| Percentage of number of invoices paid in 2023 | ||||||
|---|---|---|---|---|---|---|
| on time | after | |||||
| up to 30 days | < 5 days | 6-30 days | 31-60 | 61-120 | >120 days | |
| PZU | 93.0% | 3.9% | 2.4% | 0.4% | 0.2% | 0.1% |
| PZU Życie | 92.6% | 3.0% | 3.4% | 0.6% | 0.2% | 0.1% |
In 2023, the average invoice payment time for small and medium-sized enterprises from the start of the contractual payment period was 29.3 days for PZU and 29.4 days for PZU Life.