FINREP - F7 Financial assets subject to impairment that are past due or impaired - Column 110 "Accumulated write-offs"

Answer · verbatim

The content of the "Accumulated write-offs" (column 110) is described in Annex V. Part 2, paragraphs 49 and 50 of the Regulation (EU) No 680/2014 13 ITS on supervisory reporting of institutionsDraft ITS on Supervisory reporting. Reporting should also comply with guidance of IAS 39 AG 84-92, IFRS 7.16, 37 (b) and B5 (d).

Discounts on debt instruments that have been restructured due to counterparty default should be included in "Accumulated write-offs" provided that they lead to reductions of the carrying amount of the related debt instruments recognised directly in profit or loss. They should be reported until the total extinguishment of all the institution 19s rights or until recovery.

*As of 1/8/2014 the content of this answer was modified to reflect the publication of the final ITS on supervisory reporting of institutions in the Official Journal of the European Union. As a result, the references to the ITS were updated and the disclaimer deleted. For reasons of transparency, revisions are highlighted in track changes.