The rule in plain words
None of the values it checks in tangible and intangible assets can be negative.
EBA checks it for two columns: carrying amount and right-of-use assets. And for eleven rows, from property plant and equipment (0010) to cost model (0090). That makes 22 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.
Carrying amount: 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 42.00 as reported.
- 05This is a blocking check. A filing that fails it is normally rejected, so fix it before you submit.
The cells it reads
Tangible and intangible assets: carrying amount by measurement method (F 42.00)
Rows
- 0010Property plant and equipment
- 0015Of which: software assets
- 0020Revaluation model
- 0030Cost model
- 0040Investment property
- 0050Fair value model
- 0060Cost model
- 0070Other intangible assets
- 0075Of which: software assets
- 0080Revaluation model
- 0090Cost model
Columns
- 0010Carrying amount
- 0020Of which: right-of-use assets
A worked example
The first of its checks, with simple numbers.
Property plant and equipment, carrying amount 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_42.00,r0010,c0010,} >= 0The next five:
{F_42.00,r0010,c0020,} >= 0{F_42.00,r0015,c0010,} >= 0{F_42.00,r0015,c0020,} >= 0{F_42.00,r0020,c0010,} >= 0{F_42.00,r0020,c0020,} >= 0And 16 more, the same formula for the other cells it covers.
Other rules on F 42.00
- Other intangible assets must equal revaluation model plus cost model (v1099_m)Blocking
- Right-of-use assets cannot be more than carrying amount (v8104_m)Warning
- Software assets cannot be more than property plant and equipment (v09643_m)Warning
- Software assets cannot be more than other intangible assets (v09644_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.