Question ID
2016_2911
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Article
99
Paragraph
2
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex III, F 46.00 and Annex III, F 03.00
Name of institution / submitter
MUFG Bank (Europe) NV
Country of incorporation / residence
Netherlands
Type of submitter
Credit institution
Subject matter
Allocating Revaluation Reserves in F 46.00 / Difference Total Comprehensive Income in F 46.00 and F 03.00
Question

The Total comprehensive income for the year in table F 46.00 should be equal to the Total comprehensive income for the year in table F 03.00. All tables in the FINREP should comply with IAS/IFRS. There are two validation rules to ensure this reconciliation: V1383_m (Blocking) and V1384_m (Non-Blocking) Validation rule V1384_m takes into account less items for the Total comprehensive income in F 46.00 than does validation rule V1383_m. V1384_m does not take into account Item Revaluation reserves in F 46.00, which is taken into account for the Total comprehensive income in F 03.00. How can one comply with both V1383_m and V1384_m at the same time, when both validation rules take into account different line-items?

Background on the question

In table F 03.00 we recognize Revaluation Reserves which we believe should also be specified in table F 46.00 (Column 070) in order to reconcile the Total Comprehensive Income of the year in both tables (F 03.00 and F 46.00).

Submission date
Final publishing date
Final answer
The total comprehensive income attributable to the owners of the parent has to be reported exclusively in r200, c050 and c100 of template F 46.00 of Annexes III and IV of Regulation (EU) No 680/2014 (ITS on Supervisory Reporting). Validation rule v1384_m checks that this total is equal to the amount reported in template F 03.00, r360, c010 (‘total comprehensive income attributable to owners of the parent’). The total comprehensive income for minority interest is shown in r200, c120 and c130 of template F 46.00. Validation rule v1383_m ensures that the total comprehensive income (whether attributable to minority interest or to the owners of the parent) reported in F 46.00 equals the total comprehensive income reported in F 03.00. This presentation is compliant with IAS 1.106 (a) for reporting entities preparing their consolidated accounts in IFRS.
Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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