EBA欧洲银行-CP50-ITS-on-reporting-Annex-III2C-IV2C-V_95页_1mb

Summary of Annex III: Templates for Reporting Financial Information According to IFRS

Core Content Overview

Annex III provides reporting templates and instructions for financial information under the IFRS framework, specifically for the Financial Information Reporting (FINREP) system. It outlines the structure and classification of financial assets, liabilities, equity, and related items, with detailed breakdowns and references to applicable IFRS standards and additional guidance from Annex V.

Main Sections and Key Topics

Part 1: Balance Sheet and Income Statement

• Balance Sheet Statement (Statement of Financial Position)

  • Assets

    • Includes categories like cash and cash equivalents, financial assets held for trading, derivatives, loans and advances, and tangible/intangible assets.
    • Each asset category is associated with specific IFRS standards (e.g., IAS 7, IAS 39, IFRS 3) and references to Annex V for further guidance.
    • Certain data points are greyed out to indicate they are not requested or not reportable.

  • Liabilities

    • Covers financial liabilities held for trading, derivatives, provisions, tax liabilities, and other liabilities.
    • References are provided for each liability type, such as IAS 39 and IAS 37, with some rows or columns in black to indicate non-submission for institutions following those references.

  • Equity

    • Includes capital, share premium, retained earnings, accumulated other comprehensive income, and minority interests.
    • References are based on IAS 1, IAS 32, and CRR articles, with specific breakdowns for equity components.

• Income Statement

  • Covers interest income and expenses, realised and unrealised gains/losses, fee and commission income/expenses, depreciation, and tax-related items.
  • Specific breakdowns by instrument, asset class, and counterparty are required for certain items, such as interest income and financial assets held for trading.
  • The income statement includes items like gains/losses on hedge accounting, exchange differences, and profit/loss from continuing and discontinued operations.

Part 2: Financial Assets and Liabilities Breakdown

• Breakdown of Financial Assets by Instrument and Asset Class

  • Includes demand deposits and cash equivalents, financial assets held for trading, financial assets designated at fair value through profit or loss, and available-for-sale financial assets.
  • Each category has a detailed breakdown by counterparty type (e.g., general governments, credit institutions, corporations).

• Breakdown of Financial Liabilities by Product and Counterparty

  • Covers financial liabilities held for trading, financial liabilities designated at fair value through profit or loss, and financial liabilities measured at amortised cost.
  • References are provided for each liability type, including guidance from ECB/2008/32 and ITS.

• Loan Commitments, Financial Guarantees, and Other Commitments

  • Includes both items given by the institution and items received.
  • References are based on IAS 37 and ITS for guidance on credit risk and off-balance sheet items.

Part 3: Additional Financial Breakdowns

• Derivatives

  • Includes derivatives held for trading and hedge accounting.
  • References to IFRS 7 and IAS 39 are provided for derivative classification and treatment.

• Credit Risk

  • Includes geographical breakdowns of financial exposures and loans to non-financial corporations by NACE codes.
  • Specific attention is given to past due, impaired, and defaulted assets.

• Impairment

  • Details impairment on financial and non-financial assets.
  • Includes movements in allowances for credit losses and impairment of equity instruments.

• Fair Value Hierarchy

  • Applies to financial instruments measured at fair value through profit or loss and amortised cost.
  • References to IFRS and IAS standards are provided for fair value measurement.

• Off-balance Sheet Activities

  • Includes asset management, custody, and other service functions.
  • Also covers interests in unconsolidated structured entities.

• Tangible and Intangible Assets

  • Includes breakdowns by operating lease and other classifications.
  • References to IAS 16, IAS 38, and CRR are provided.

• Provisions and Employee Benefits

  • Covers provisions for employee benefits, defined benefit plans, and other provisions.
  • References to IAS 37 and IAS 19 are included for guidance on provisions and employee benefits.

• Components of Own Funds

  • Includes subordinated financial liabilities, minority interests, and unrealised gains/losses.
  • References to CRR and IAS standards are provided.

Part 4: Comprehensive Income and Equity

• Statement of Comprehensive Income

  • Covers all income and expenses, including those not included in the income statement.
  • References to IFRS and IAS standards are provided for comprehensive income reporting.

• Equity

  • Includes breakdowns of capital, share premium, retained earnings, and accumulated other comprehensive income.
  • Specific guidance is given for equity components of compound financial instruments.

Part 5: Selected Income Statement Items and Related Parties

• Breakdown of Selected Income Statement Items

  • Includes interest income and expenses, gains/losses on financial assets and liabilities, and other operating income/expenses.
  • References to IFRS 7, IAS 39, and ITS are provided for each item.

• Related Parties

  • Covers amounts payable to and receivable from related parties.
  • Includes key management personnel compensation and transactions with related parties.

• Scope of Group

  • Provides guidance on the scope of group reporting and consolidation requirements.

Key Implementation Notes

• Reporting Templates

  • Institutions must submit only those parts of the templates that are relevant to their accounting framework.
  • For IFRS reporting institutions, templates must follow the "references based on IFRS".
  • Non-IFRS reporting institutions that apply an IFRS equivalent framework are also required to follow IFRS references.

• References and Conventions

  • References to IFRS standards are based on standards endorsed until 15 December 2011.
  • Grey shading indicates data points not requested or not reportable.
  • Black shading indicates data points not to be submitted by institutions following those references.

• Accounting Frameworks

  • "IFRS reporting institutions" apply Regulation (EC) No 1606/2002.
  • "Non-IFRS reporting institutions" apply national accounting frameworks under Directive 86/635/EEC.

• Breakdowns and Classifications

  • Detailed breakdowns are required for various financial instruments, including by counterparty type (e.g., general governments, credit institutions, corporations), location, and risk.
  • Specific IAS and IFRS standards are referenced for each category, such as IAS 39 for financial instruments and IAS 16 for property, plant, and equipment.

Key Standards and References

• IFRS 7: Applies to financial instruments, including classification and disclosure of financial assets and liabilities.
• IAS 39: Governs the accounting for financial instruments, including fair value, impairment, and hedge accounting.
• IAS 1: Provides general guidance on the presentation of financial statements.
• CRR: References are included for compliance with regulatory reporting requirements.
• ITS (Implementing Technical Standards): Provides detailed instructions for specific data points in the templates.

Conclusion

Annex III is a comprehensive guide for financial institutions to report financial information in accordance with IFRS and related national frameworks. It includes detailed templates for balance sheets, income statements, and various breakdowns of financial assets, liabilities, and equity. Institutions must follow specific IFRS and ITS references, with clear conventions on data submission and shading to indicate non-reportable or non-submittable items. The document emphasizes the importance of accurate classification and valuation of financial instruments, including those subject to credit risk, impairment, and hedge accounting.