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2 min readBlockingBank of England banking taxonomy 4.1.1Updated 11 November 2026

Statement of profit or loss: Forecast data: a total must equal the sum of its parts (FF02.00.02.01, Bank of England check boe_v0136_h_2)

A blocking check on the statement of profit or loss: Forecast data template (FF02.00.02.01), in the PRA 104, 105, 106, 107 GAAP based balance sheet and profit & loss forecasts (PRA_GAAP) return.

Line4 Check runs it on the PRA 104, 105, 106, 107 GAAP based balance sheet and profit & loss forecasts (PRA_GAAP) return, proven on test files, check by check: the same outcome on all seven test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

In each of "Forecast - end current year" (column 0010) and "Forecast - end next year" (column 0020) of Statement of profit or loss: Forecast data (FF02.00.02.01): "Profit or (-) loss for the year" (row 0670) must equal the sum of "Profit or (-) loss after tax from continuing operations" (row 0630), "Profit or (-) loss after tax from discontinued operations" (row 0640) and "Extraordinary profit or (-) loss after tax" (row 0632).

The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.

What to do if your return fails it

  1. 01Open the table below and find the cells the rule reads.
  2. 02Add up the parts in your return and compare the result with the total.
  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
  4. 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
  5. 05It runs only when your filing indicators mark FF02.00.02 as reported.
  6. 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Statement of profit or loss: Forecast data (FF02.00.02.01)

Rows

  • R0630Profit or (-) loss after tax from continuing operations
  • R0632Extraordinary profit or (-) loss after tax
  • R0640Profit or (-) loss after tax from discontinued operations
  • R0670Profit or (-) loss for the year

Columns

  • C0010Forecast - end current year
  • C0020Forecast - end next year

A worked example

With simple numbers.

Illustrative values
Profit or (-) loss after tax from continuing operations1,200
Profit or (-) loss after tax from discontinued operations800
Extraordinary profit or (-) loss after tax450
Together2,450
What the rule then expects

Profit or (-) loss for the year must then be 2,450.

2,450Passes
2,550Fails

A file that reports 2,450 passes. One that reports 2,550 fails, by 100.

The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.

Which returns it applies to

Line4 Check runs it on the PRA 104, 105, 106, 107 GAAP based balance sheet and profit & loss forecasts (PRA_GAAP) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to PRA 104, 105, 106, 107 GAAP based balance sheet and profit & loss forecasts (PRA_GAAP) returns, as a blocking check.

The Bank’s own words and formula

The plain words above spell out the Bank’s formula, with each cell named from its templates. In the Bank of England’s list of validations, word for word:

boe_v0136_h_2: [FF 02.00.02 (C0010-0020)] {r0670} = +{r0630} + {r0640} + {r0632}
Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: FF02.00.02.01, r: 0670} = {t: FF02.00.02.01, r: 0630} + {t: FF02.00.02.01, r: 0640} + {t: FF02.00.02.01, r: 0632}

Where it applies, in the Bank's words (its scope):

scope({t: FF02.00.02.01, c: 0010; 0020, seq: False, f: banking, fv: financialstatements})

Every PRA banking rule on FF02.00.02.01

Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.