EBA · 2018_4015 Final Q&A

Pre IFRS 9 Finrep - Template F07.00 reporting values as net or gross

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Submitted by
Credit institution
Submitted
2018-06-25
Answered
2020-06-19
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

Should the values reported in (pre IFRS9) Finrep template F07.00 columns 010-070, be on a gross or on a net basis?

Background

With reference to Annex V instructions Part 2 Paragraph 48, there is no specific indication on whether we should report on a gross or net basis.

Answer

Paragraph 48 of Part 2 of Annex V to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) in the version applicable until 31 December 2017 (based on IAS 39, reporting frameworks until and including version 2.6) explicitly requires the reporting of the carrying amount in column 070 of template F 07.00. But paragraph 48 does not specify which metric should be used for reporting the breakdown of financial assets that are past due but not impaired by the number of days past due in columns 010 - 060. However, the Data Point Model for template F 07.00 describes the values to be reported in columns 010 to 060 as carrying amounts (and not as gross carrying amounts). Thus, the amounts to be reported should be carrying amounts. Reporting carrying amounts also results a consistent approach for the presentation of the impaired assets in column 070 and the financial assets that are past due but not impaired in columns 010 to 060.

Original source: European Banking Authority, Q&A ID 2018_4015

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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