Question ID: 1003
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.09.01
Status: Final
Date of submission: 16 Dec 2016
Question
I've a question about the C0070 Dividends of S 09 01 new QRT:
Situation:
- 1) 31/06/2016 : dividend paid by one subsidiary to the parent company 500k at 30/06/ 2016, this dividend is based on the result of the subisidiary of 31/12/2015 (between Q1 and Q2 there is Ordinary General Meeting who decides the amount of dividend to pay)
- 2) 31/12/2016 : forseeable dividend to pay by this subsidiary to the parent company is 600 K, this dividend is based on the result of 31 12 2016
Interprétation logs :
- At 31/12/2016(12 months up to the reporting date)
- Dividends for the current year including paid or declared but unpaid dividends => situation 2) since the dividend is declared in OF = declared but unpaid dividends
- Any deferred dividends from previous years paid during the reporting period (i.e. any deferred dividends paid that impacted the P&L for the reporting period)=> situation 1)
=> situation in S09 01: dividends of two years to report in this QRT ?
EIOPA answer
In the example provided the parent company would need to report 600K in C0070 of template S.09.01:
+ dividends received (+500)
- right to receive a dividend already recognised at the beginning of the reporting period (-500, assuming that were already foreseeable in 31/12/2015)
+ right to receive a dividend recognised at the end of the reporting period (+600).