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

Balance Sheet: Forecast data [Equity]: a total must equal the sum of its parts (FF01.03.02.01, FF01.02.02.01, Bank of England check boe_v0785_m_2)

A blocking check on the balance Sheet: Forecast data [Equity] (FF01.03.02.01) and balance Sheet: Forecast data [Liabilities] (FF01.02.02.01) templates, 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 Balance Sheet: Forecast data [Equity] (FF01.03.02.01): "Total equity and total liabilities" (row 0310) must equal the sum of "Total equity" (row 0300) and "Total liabilities" (row 0300) in Balance Sheet: Forecast data [Liabilities] (FF01.02.02.01).

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 tables 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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 FF01.02.02 and FF01.03.02 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

Balance Sheet: Forecast data [Liabilities] (FF01.02.02.01)

Row

  • R0300Total liabilities

Columns

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

Balance Sheet: Forecast data [Equity] (FF01.03.02.01)

Rows

  • R0300Total equity
  • R0310Total equity and total liabilities

Columns

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

A worked example

With simple numbers.

Illustrative values
Total equity, Forecast - end current year1,200
Total liabilities, Forecast - end current year800
Together2,000
What the rule then expects

Total equity and total liabilities, Forecast - end current year must then be 2,000.

2,000Passes
2,100Fails

A file that reports 2,000 passes. One that reports 2,100 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_v0785_m_2: [FF 01.03.02 (C0010-0020)] {FF 01.03.02, r0310} = {FF 01.03.02, r0300} + {FF 01.02.02, r0300}
Show the formulaShow

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

{t: FF01.03.02.01, r: 0310} = {t: FF01.03.02.01, r: 0300} + {t: FF01.02.02.01, r: 0300}

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}, {t: FF01.02.02.01, c: 0010; 0020, seq: False, f: banking, fv: financialstatements})

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.