EBA Q&A · 2013_345
Allocating the FX differences as a result of subsidiaries' consolidation
Final Q&Afiled under Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed) (repealed)Submitted 07/10/2013 · published 07/03/2014
Question · verbatim
Table 46 requires the reconciliation of opening and closing balances for equity account, which is also a requirement under IFRS. Usually banks with foreign subsidiary operations have a separate line item in the IFRS reconciliation reporting to record the effects of FX reconversion of the subsidiaries. The line to account for the FX difference is missing in FINREP table 46. Where should FX differences be reported?
Background provided by the submitter · verbatim
Usually banks with foreign subsidiary operations have a separate line item in the IFRS reconciliation reporting to record the effects of FX reconversion of the subsidiaries.
Answer · verbatim
The gains or losses of foreign subsidiary operations are included as components in other comprehensive income.
As a consequence, in table F46.00, the accounting of the impact of foreign currency translation (gain or loss) is reported included in row 200 190 ("Other Increase or Decrease in equity" “Total comprehensive income for the year”) and, of course, in column 050 ("Accumulated other comprehensive income").
The detail of this record is consistent with F01.03 - Balance sheet statement: Equity (row 140: "Foreign currency translation"). In FINREP there is not a separate line in the statement of changes in equity.
* As of 13/03/2015 this Q&A has been amended to reflect the changes necessary based on the answer provided for Q&A
2014_1529
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Source: EBA Single Rulebook Q&A 2013_345 · text as published, not rephrased · collected on 2026-10-08