Validation rule v1384_m

Question

With reference to Question ID 2013_345. Here you defined that the accounting of the impact of foreign currency translation (gain or loss) is included in row 190 ("Other Increase or Decrease in equity") and in column 050 ("Accumulated other comprehensive income"). Validation rule v1384_m defines that: sum({F 46.00, r200, ({c050}, {c100})}) is on par with {F 03.00, r360,c010}. One part of F 03.00, r360, c010 is the position: F 03.00, r150, c010 "Foreign currency translation" (Sum of r160 & r170). So, if we see that correctly, the impact of foreign currency translation would be part of {F 03.00, r360,c010} but not part of sum({F 46.00, r200, ({c050}, {c100})}). Consequence is that is not possible that validation rule v1384_m succeeds.

European Banking Authority · Accepted Answer

The conclusion made by the submitter of this question is correct in that there is an inconsistency between the answer to Q&A 2013_345 and validation rule v1384_m. Foreign currency translation gains and losses are reported in F 03.00 row 150 of Regulation (EU) No 680/2014 13 ITS on Supervisory Reporting. The amount reported here is then carried forward to F 46.00 which reports the accumulated other comprehensive income for the year in row 200 column 050. Since F 03.00 reports on both profit and loss for the year and comprehensive income, then it is true also that the total profit and loss for the year attributable to the parent is reported in F 46.00 r 200 c100. This means that v1384_m is correct.  The answer to Q&A 2013_345 will be amended accordingly.

Validation rule v1384_m

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