Question ID:
2019_4612
Legal Act:
Regulation (EU) No 575/2013 (CRR) as amended
Topic:
Supervisory reporting - FINREP (incl. FB&NPE)
Article:
99
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (as amended)
Article/Paragraph:
Annex V. Part 2 Title I Chapter I Article 25
Disclose name of institution / entity:
No
Type of submitter:
Credit institution
Subject Matter:
FINREP F01.03, F02 and F46 checks (V1226_m and V0786_m)
Question:

The non-xbrl check V1226_m is in contradiction with v0786_m

Background on the question:

The non-xbrl check v1226_m requires the opening balance of 'Profit or (-) loss attributable to the owners of the parent' as per F46 row 010 column 100 to be equal to the closing balance of 'Profit or (-) loss attributable to the owners of the parent' (as per row 210 column 100) of the prior year submission. Furthermore, row 200 column 0100 of F46 requires the total comprehensive income for the year. This means that the closing balance for the current year submission (as per row 210 column 100) would be equal to the sum of the opening balance and the profit for the year. This closing balance should then be equal to F01.03 row 250 column 010. However, the xbrl validation check v0786_m requires F01.03 row 250 column 010 to be equal to F02.00 row 690 column 010. The latter is equal to the profit or loss attributable to the owners of the parent FOR THE YEAR and not the accumulated balance - which is what is currently required by F01.03 row 250 column 010. Therefore, it seems that validation checks v1226_m and v0786_m are in contradiction. Resolving one check would hence result in failing the other check.

Date of submission:
14/03/2019
Published as Final Q&A:
08/05/2020
EBA Answer:

Validation rule v0786 compares the profit or (-) loss attributable to the owners of the parent between the Balance Sheet Statement and the Statement of profit or loss. They are the profit or (-) loss recognized during the year.
The Statement of changes in equity provides a reconciliation between the opening and the closing balance of each components of the equity. So, the opening balance is always equal to the closing balance of the previous year.

In case of profit or (-) loss attributable to the ow ners of the parent, the opening balance is allocated to the other components of equity unless paid out as dividends (in this case it w ill be reported as “decrease in equity”) and the closing balance is equal to the amount reported in row 200 (‘Total comprehensive income for the year’).
Therefore, v1226_m and v0786_m are valid.

Status:
Final Q&A