Question ID: 1945
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.02
Status: Final
Date of submission: 12 Jul 2019
Question
Regarding to Q&A 1809 could you clarify if undertakings can aggregate (for each CIC) in template S.06.02 leased assets in one line or it is required to disclosed separately each one right of use line by line?
Is column C0160 Acquisition value of S.06.02 is applicable for leased assets (or value of such items should be different from 0)?
If yes, could you clarify if column “C0160 - Acquisition value” means initial costs of leasing contract or asset value at the commencement date?
In fact undertaking hasn’t acquired assets which is subject of leasing contract and doesn't held such assets in the meaning of proprietary.
EIOPA answer
Rights of use recognised as applied in IFRS 16 shall be reported according to the nature of the leased asset. Therefore, rights of use are to be aggregated only when the underlying asset could be aggregated. For example, rights of use on plant and equipment for own use can be aggregated, but rights of use on buildings cannot be aggregated.
C0160 is applicable for rights of use and it should reflect all the costs of the transaction, i.e. the initial costs plus the present value of all future payments.