The rule in plain words
In each of "Forecast - end current year" (column 0010) and "Forecast - end next year" (column 0020) of Balance Sheet: Forecast data [Equity] (FF01.03.02.01): "Total equity" (row 0300) must equal the sum of 14 cells (listed below).
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Add up the parts in your return and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark FF01.03.02 as reported.
- 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Balance Sheet: Forecast data [Equity] (FF01.03.02.01)
Rows
- R0010Capital
- R0040Share premium
- R0050Equity instruments issued other than capital
- R0080Other equity
- R0090Accumulated other comprehensive income
- R0190Retained earnings
- R0200Revaluation reserves
- R0205Fair value reserves
- R0210Other reserves
- R0235First consolidation differences
- R0240(-) Treasury shares
- R0250Profit or loss attributable to owners of the parent
- R0260(-) Interim dividends
- R0270Minority interests [Non-controlling interests]
- R0300Total equity
Columns
- C0010Forecast - end current year
- C0020Forecast - end next year
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_v0780_m_2: [FF 01.03.02 (C0010-0020)] {r0300} = {r0010} + {r0040} + {r0050} + {r0080} + {r0090} + {r0190} + {r0200} + {r0205} + {r0210} + {r0235} + {r0240} + {r0250} + {r0260} + {r0270}
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
{t: FF01.03.02.01, r: 0300} = {t: FF01.03.02.01, r: 0010} + {t: FF01.03.02.01, r: 0040} + {t: FF01.03.02.01, r: 0050} + {t: FF01.03.02.01, r: 0080} + {t: FF01.03.02.01, r: 0090} + {t: FF01.03.02.01, r: 0190} + {t: FF01.03.02.01, r: 0200} + {t: FF01.03.02.01, r: 0205} + {t: FF01.03.02.01, r: 0210} + {t: FF01.03.02.01, r: 0235} + {t: FF01.03.02.01, r: 0240} + {t: FF01.03.02.01, r: 0250} + {t: FF01.03.02.01, r: 0260} + {t: FF01.03.02.01, r: 0270}Where it applies, in the Bank's words (its scope):
scope({t: FF01.03.02.01, c: 0010; 0020, seq: False, f: banking, fv: financialstatements})Other rules on Balance Sheet: Forecast data [Equity] (FF01.03.02.01)
- "Total equity and total liabilities" must equal "Total assets" in Balance Sheet: Forecast data [Assets] (boe_v0783_m_2)Blocking
- Balance Sheet: Forecast data [Equity]: a total must equal the sum of its parts (boe_v0784_m_2)Blocking
- "Total equity and total liabilities" must equal the sum of 13 rows in Balance Sheet: Forecast data [Liabilities] plus "Total equity" (boe_v0775_m_2)Blocking
- Balance Sheet: Forecast data [Equity]: a total must equal the sum of its parts (boe_v0785_m_2)Blocking
- Balance Sheet: Forecast data [Equity]: every value in the cells it covers must be zero or less (boe_v2060_s_2)Blocking
- Balance Sheet: Forecast data [Equity]: every value in the cells it covers must be zero or more (boe_v3899_s_2)Blocking
Every PRA banking rule on FF01.03.02.01
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.