Question ID
2018_4116
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
99
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
99
Type of submitter
Competent authority
Subject matter
Accumulated other comprehensive income in template C.01.00
Question

Is the accumulated other comprehensive income in template C.01.00 the same amount than in row 090 in F.01.03? Is row 280 in F.01.03 also taken into account?

Background on the question

Accumulated other comprehensive income has to be informed in row 180 in C.01.00 as established in Annex II of Implementing Regulation No 680/2014 (ITS). The amount to be reported is regulated according to Articles 4(1)(100) and 26(1) point (d) of Regulation (EU) No 575/2013. In FINREP there are Accumulated other comprehensive income both in rows 090 and 280 (from the minority interest). Although these two lines are defined under the same article of CRR, row 280 should be reported in C.01.00 within the same line than minority interest. Otherwise, clarifications on what is different from C.01.00 and row 090 in F.01.03 are necessary.

Submission date
Final publishing date
Final answer

In F 1.3 of Annex IV of Commission Implementing Regulation (EU) No. 680/2014 as amended (F 1.3; ITS on Reporting) the accumulated other comprehensive income (AOCI) as defined by Art. 4 Para. 1 No. 100 of Regulation (EU) No. 575/2013 (CRR), resulting from minority interest as defined by Art. 4 Para. 1 No. 120 of the CRR has to be reported separately from the institution’s AOCI regularly attributable to the institution. The former is reported in row 280, the latter in row 090 of F 1.3. This separation is in line with the presentation of financial statements according to IAS 1.54(q) and IAS 1.106(a) as applicable according to Regulation (EC) No. 1606/2002.

In C 01.00 of Annex I of the ITS on Reporting (C 01.00) the AOCI as defined by Art. 4 Para. 1 No. 100 and Art. 26 Para. 1 Lit. (d) of the CRR as an item of the institution’s Common Equity Tier 1 capital (CET1) is reported in row 180. Its value should be identical with that in row 090 of F 1.3 as long as the AOCI regularly attributable to the institution satisfies the requirements laid down in Art. 26 Para. 1 Subpara. 2 of the CRR.

Nevertheless, the figures being reported in FINREP and COREP have not to be equal due to differing principles with regard to the use of audited, verified and unaudited figures (cf. Q&A 2013_612), resulting in a lack of comparability between FINREP and COREP.

The minority interest given recognition in CET1 as defined by Art. 4 Para. 1 No. 120 of the CRR and as determined by Art. 84 of the CRR is reported in row 230 of C 01.00. For the purpose of Art. 84 of the CRR, the minority interest comprises items being eligible as CET1 according to Art. 81 Para. 1 of the CRR and does not include any minority interest’s AOCI.

Therefore, the minority interest’s AOCI is not part of the value being reported in row 230 of C 01.00, i. e. the value being reported in row 280 of F 1.3 is not included in row 230 of C 01.00.

The last paragraph of this answer is notwithstanding the application of the revised regulation amending Regulation (EU) No 575/2013.

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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