The rule in plain words
Items that may be reclassified to profit or loss must equal these eight added up:
- Hedge of net investments in foreign operations [effective portion]
- Foreign currency translation
- Cash flow hedges [effective portion]
- Hedging instruments [not designated elements]
- Financial assets at fair value through other comprehensive income
- Non-current assets and disposal groups held for sale
- Share of other recognised income and expense of investment in subsidiaries, joint venture and associate
- Income tax relating to items that may be reclassified to profit or (-) loss
All the values are in the current period column (0010) of F 03.00.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Items that may be reclassified to profit or loss = Hedge of net investments in foreign operations [effective portion] + Foreign currency translation + Cash flow hedges [effective portion] + Hedging instruments [not designated elements] + Financial assets at fair value through other comprehensive income + Non-current assets and disposal groups held for sale + Share of other recognised income and expense of investment in subsidiaries, joint venture and associate + Income tax relating to items that may be reclassified to profit or (-) loss
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Add up the parts in your file and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.
- 04EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark F 03.00 as reported.
- 06This 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
Statement of comprehensive income (F 03.00)
Rows
- 0100Items that may be reclassified to profit or loss
- 0110Hedge of net investments in foreign operations [effective portion]
- 0150Foreign currency translation
- 0190Cash flow hedges [effective portion]
- 0231Hedging instruments [not designated elements]
- 0241Financial assets at fair value through other comprehensive income
- 0280Non-current assets and disposal groups held for sale
- 0320Share of other recognised income and expense of investment in subsidiaries, joint venture and associate
- 0330Income tax relating to items that may be reclassified to profit or (-) loss
Column
- 0010Current period
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{F_03.00,r0100,c0010,} = {F_03.00,r0110,c0010,} + {F_03.00,r0150,c0010,} + {F_03.00,r0190,c0010,} + {F_03.00,r0231,c0010,} + {F_03.00,r0241,c0010,} + {F_03.00,r0280,c0010,} + {F_03.00,r0320,c0010,} + {F_03.00,r0330,c0010,}Other rules on F 03.00
- Items that will not to be reclassified to profit or loss must equal the sum of its nine parts (v4956_m)Warning
- Attributable to minority interest [Non-controlling interest], current period must equal the sum of its two parts (v4958_m)Warning
- Hedging instruments [not designated elements] must equal the sum of its three parts (v5112_m)Warning
- Attributable to owners of the parent, current period must equal the sum of its two parts (v1384_m)Warning
- Total comprehensive income for the year: total must equal current period (v1383_m)Warning
- Total comprehensive income for the year must equal the sum of its two parts (v1056_h)Blocking
- Non-current assets and disposal groups held for sale must equal the sum of its three parts (v1054_m)Warning
- Financial assets at fair value through other comprehensive income must equal the sum of its three parts (v1053_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.