entities who report data points follow the ‘sign convention’ and allows to know the ‘credit/debit’ attribute that corresponds to each data point. Schematically, this convention works as in Table 1. Table 1 Credit/debit convention, positive and negative signs Element Credit /Debit Balance /Movement Figure reported Assets Balance on assets Positive (‘Normal’, no sign needed) Increase on assets Positive (‘Normal’, no sign needed) Negative balance on assets Negative (Minus ‘-’ sign needed) Decrease on assets Negative (Minus ‘-’ sign needed) Expenses Balance on expenses Positive (‘Normal’, no sign needed) Increase on expenses Positive (‘Normal’, no sign needed) Negative balance (including reversals) on expenses Negative (Minus ‘-’ sign needed) Decrease on expenses Negative (Minus ‘-’ sign needed) Liabilities Credit Balance on liabilities Positive (‘Normal’, no sign needed) Increase on liabilities Positive (‘Normal’, no sign needed) Negative balance on liabilities Negative ‘-’ sign needed) Decrease on liabilities Negative (Minus ‘-’ sign needed) Equity Balance on equity Positive (‘Normal’, no sign needed) Increase on equity Positive (‘Normal’, no sign needed) Negative balance on equity Negative ‘-’ sign needed) Decrease on equity Negative (Minus ‘-’ sign needed) Income Balance on income Positive (‘Normal’, no sign needed) Increase on income Positive (‘Normal’, no sign needed) Negative balance (including reversals) on income Negative (Minus ‘-’ sign needed) Decrease on income Negative ‘-’ sign needed)
‘Additions’ shall be reported where, for the accounting portfolio or main category of assets, the estimation of the impairment for the period results in recognition of net expenses. ‘Reversals’ shall be reported where, for the accounting portfolio or main category of assets, the estimation of the impairment for the period result in the recognition of net income. CRR (17) ‘Accounting scope of consolidation’ shall include the carrying amount of assets, liabilities and equity as well as the nominal amounts of the sheet exposures prepared using the accounting scope of consolidation; that is, including in the consolidation subsidiaries that are insurance undertakings and non-financial Institutions shall account for the subsidiaries, joint ventures and associates using the same method as in their financial statements. In this template, the item ‘Investments in subsidiaries, joint ventures and associates’ shall not include subsidiaries as with the accounting scope of consolidation all subsidiaries are fully consolidated. ‘Assets under reinsurance and insurance contracts’ shall include assets under reinsurance ceded as well as, if any, assets related to insurance and reinsurance contracts issued. ‘Liabilities under insurance and reinsurance contracts’ shall include liabilities under insurance and reinsurance contracts issued. (18)
Components of net defined benefit plan assets and liabilities (44.1) Template on components of net defined benefit plan assets and liabilities shall show the reconciliation of the accumulated present value of all net defined benefit liabilities (assets) as well as reimbursement rights [IAS 19.140 (a), (b)]. ‘Net defined benefit assets’ include, in the event of a surplus, the surplus amounts that shall be recognised in the balance sheet as they are not affected by the limits set up in IAS 19.63. The amount of this item and the amount recognised in the memo item ‘Fair value of any right to reimbursement recognized as asset’ shall be included in the item ‘Other assets’ of the balance sheet. Movements in defined benefit obligations (44.2) Template on movements in defined benefit obligations show the reconciliation of opening and closing balances of the accumulated present value of all defined benefit obligations of the institution. The effects of the different elements listed in IAS 19.141 during the period shall be presented separately. The amount of ‘Closing balance [present in the template for movements in defined benefit obligations shall be equal to ‘Present value defined benefit obligations’. taff expenses (44.3) For reporting of expenses, the following definitions shall be used: ‘Pension and similar expenses’ include the amount recognied in the period as staff expenses for any postemployment benefit obligations (both defined contributions plans and defined benefits plans) contributions to social security funds ‘Share based payments’ shall include the amount recognied in the period as staff expenses for share based payments
(o) Equity Equity instruments In FINREP, equities shall be separated as instruments under different categories of financial assets (p) items Various items of the balance sheet In FINREP, other items may be included under different asset categories. Table 3 Internal Ratings Based Approach IRBA exposure classes (CRR Article 147) FINREP counterparty sectors Comments (a) Central governments and central banks (1) Central banks (2) General governments (3) Credit institutions These exposures shall be assigned to FINREP counterparty sectors according to the nature of the immediate counterparty (b) Institutions (i.e. credit institution and investment firms as well as some general governments and multilateral banks) (2) General governments (3) Credit institutions (4) Other financial corporations These exposures shall be assigned to FINREP counterparty sectors according to the nature of the immediate counterparty (c) Corporates (2) General governments (4) Other financial corporations (5) Non-financial corporations (6) Households exposures shall be assigned to FINREP counterparty sectors according to the nature of the immediate counterparty (d) Retail (4) Other financial corporations (5) Non-financial corporations (6) Households These exposures shall be assigned to FINREP counterparty sectors according to the nature of the immediate counterparty (e) Equity Equity instruments In FINREP, equities shall be separated as instruments under different categories of financial assets (f) Securitisation positions (2) General governments (3) Credit institutions (4) Other financial corporations (5) Non-financial corporations (6) Households These exposures shall be assigned to FINREP counterparty sectors according to the underlying risk of the securitisation positions. In FINREP, where securitized positions remain recognised in the balance sheet, the counterparty sectors shall be the sectors of the immediate counterparties of these positions (g) Other non credit obligations Various items of the balance sheet In FINREP, other items may be included under different asset categories. ‘