The rule in plain words
Carrying amount cannot be negative.
EBA checks it for nine rows, from property plant and equipment (0010) to cost model (0090). That makes nine checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Property plant and equipment >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark F 21.00 as reported.
- 05This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
Tangible and intangible assets: assets subject to operating lease (F 21.00)
Rows
- 0010Property plant and equipment
- 0020revaluation model
- 0030cost model
- 0040Investment property
- 0050fair value model
- 0060cost model
- 0070Other intangible assets
- 0080revaluation model
- 0090cost model
Column
- 0010Carrying amount
A worked example
The first of its checks, with simple numbers.
Property plant and equipment must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{F_21.00,r0010,c0010,} >= 0The next five:
{F_21.00,r0080,c0010,} >= 0{F_21.00,r0070,c0010,} >= 0{F_21.00,r0020,c0010,} >= 0{F_21.00,r0060,c0010,} >= 0{F_21.00,r0030,c0010,} >= 0And 3 more, the same formula for the other cells it covers.
Other rules on F 21.00
- Other intangible assets: cost model cannot be more than cost model (v1115_m)Warning
- Other intangible assets: revaluation model cannot be more than revaluation model (v1114_m)Warning
- Other intangible assets in F 21.00 cannot be more than other intangible assets in F 42.00 (v1113_m)Warning
- Investment property: cost model cannot be more than cost model (v1112_m)Warning
- Fair value model cannot be more than fair value model (v1111_m)Warning
- Investment property in F 21.00 cannot be more than investment property in F 42.00 (v1110_m)Warning
- Property plant and equipment: cost model cannot be more than cost model (v1109_m)Warning
- Property plant and equipment: revaluation model cannot be more than revaluation model (v1108_m)Warning
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.