The rule in plain words
In column "Current period: Intragroup transactions" (column 0010) of Statement of profit or loss (SR02.00.03.01): "Interest income" (row 0010) must equal the sum of 7 rows (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- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 SR02.00.03 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
Statement of profit or loss (SR02.00.03.01)
Rows
- R0010Interest income
- R0020Financial assets held for trading
- R0025Non-trading financial assets mandatorily at fair value through profit or loss
- R0030Financial assets designated at fair value through profit or loss
- R0041Financial assets at fair value through other comprehensive income
- R0051Financial assets at amortised cost
- R0080Other assets
- R0085Interest income on liabilities
Column
- C0010Current period: Intragroup transactions
Which returns it applies to
Line4 Check runs it on the intragroup financial reporting (core) (RFB003) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to intragroup financial reporting (core) (RFB003) 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_v0787_m: T1: SR02.00.03.01; columns: {SR02.00.03.01, c0010}; Expression: {SR02.00.03.01, r0010} = sum({SR02.00.03.01, r0020-0085})
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
{t: SR02.00.03.01, r: 0010} = sum({t: SR02.00.03.01, r: 0020; 0025; 0030; 0041; 0051; 0080; 0085})Where it applies, in the Bank's words (its scope):
scope({t: SR02.00.03.01, c: 0010, seq: False, f: banking, fv: structural_reform})Other rules on Statement of profit or loss (SR02.00.03.01)
- Statement of profit or loss: "(Interest expenses)" must equal the sum of 5 rows (boe_v0788_m)Blocking
- Statement of profit or loss: a total must equal the sum of its parts (boe_v0789_m)Blocking
- Statement of profit or loss: a total must equal the sum of its parts (boe_v0790_m)Blocking
- "(Provisions or (-) reversal of provisions)" must equal the sum of "(Commitments and guarantees given)" and "(Other provisions)" (boe_v0792_m)Blocking
- Statement of profit or loss: a total must equal the sum of its parts (boe_v0793_m)Blocking
- Statement of profit or loss: a total must equal the sum of its parts (boe_v0795_m)Blocking
- Statement of profit or loss: "(Administrative expenses)" must equal the sum of "(Other administrative expenses)" and "(Staff expenses)" (boe_v0141_h)Blocking
- Statement of profit or loss: values must agree (boe_v1699_m)Blocking
Every PRA banking rule on SR02.00.03.01
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.