According to Article 314(2) of the CRR, the dividend component (DC) must include the institution's dividend income from investments in stocks and funds not consolidated in the financial statements of the institution, including dividend income from non-consolidated subsidiaries, associates and joint ventures. 

Does the phrase "from investments in stocks and funds not consolidated in the financial statements of the institution, including dividend income from non-consolidated subsidiaries, associates and joint ventures" mean “not consolidated in the institution's financial statements at the individual level (in its separate financial statements)” or “not included in the scope of consolidation of the Group of which the institution is the parent company”?

For example: Parent company A receives dividends of 100 euros from its wholly-owned subsidiary B. In the separate financial statements of the Parents company A, subsidiary B is accounted for at cost in accordance with IAS 27 (10), therefore, dividends are recognized in the income statement. At the consolidated level, subsidiary B is fully consolidated, therefore, dividends are eliminated as part of intercompany eliminations, because the subsidiary’s balance sheet and income statement are consolidated on a line-by-line basis.

When determining the dividend component of the Parent company A at the individual level, should this component include the 100 euros in dividends (which are included in template Finrep F.02 in row 192 of the Parent company A at the individual level) received from its wholly-owned subsidiary B?