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2 min readBlockingBank of England taxonomy 2.2.0Updated 11 November 2026

Balance sheet and assets and liabilities by currency: a total must equal the sum of its parts (IR.02.01, IR.02.02, Bank of England rule IR_bv0824)

A blocking check on the balance sheet (IR.02.01) and assets and liabilities by currency (IR.02.02) templates, in the annual solo (ARS) and annual group (ARG) returns.

Check your file for this ruleWhat to do if it fails

The rule in plain words

The item "Any other assets" reported in template Balance Sheet (IR.02.01) should be equal to sum of the same items in template Assets and liabilities by currency (IR.02.02)

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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 IR.02.01 and IR.02.02 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 (IR.02.01.01.01)

Rows

  • R0030Intangible assets
  • R0040Deferred tax assets
  • R0050Pension benefit surplus
  • R0380Receivables (trade, not insurance)
  • R0390Own shares (held directly)
  • R0400Amounts due in respect of own fund items or initial fund called up but not yet paid in
  • R0420Any other assets, not elsewhere shown

Column

  • C0010Solvency II value

Assets and liabilities by currency: all currencies (IR.02.02.01.01)

Row

  • R0070Any other assets

Column

  • C0020Total value of all currencies

A worked example

With simple numbers.

Illustrative values
Intangible assets, Solvency II value1,200
Deferred tax assets, Solvency II value800
Pension benefit surplus, Solvency II value450
Receivables (trade, not insurance), Solvency II value300
Own shares (held directly), Solvency II value150
Amounts due in respect of own fund items or initial fund called up but not yet paid in, Solvency II value100
Any other assets, not elsewhere shown, Solvency II value60
Together3,060
What the rule then expects

Any other assets, Total value of all currencies must then be 3,060.

3,060Passes
3,160Fails

A file that reports 3,060 passes. One that reports 3,160 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 annual solo (ARS) and annual group (ARG) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual solo (ARS) and annual group (ARG) returns, as a blocking check.

The Bank’s own words and formula

In the Bank of England’s list of validations, word for word:

The item "Any other assets" reported in template IR.02.01 - Balance Sheet should be equal to sum of the same items in template IR.02.02 - Assets and liabilities by currency.
Show the formulaShow

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

{t: IR.02.01.01.01, r: R0030, c: C0010} + {t: IR.02.01.01.01, r: R0040, c: C0010} + {t: IR.02.01.01.01, r: R0050, c: C0010} + {t: IR.02.01.01.01, r: R0380, c: C0010} + {t: IR.02.01.01.01, r: R0390, c: C0010} + {t: IR.02.01.01.01, r: R0400, c: C0010} + {t: IR.02.01.01.01, r: R0420, c: C0010} = {t: IR.02.02.01.01, r: R0070, c: C0020, z: Z0001}

Every Solvency UK rule on IR.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.