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European Insurance and Occupational Pensions Authority

2196

Q&A

Question ID: 2196

Regulation Reference: (EU) No 2017/1469 - standardised presentation format for the insurance product information document

Topic: Own Funds (OF)

Article: N/A

Status: Revised

Date of submission: 23 Sep 2020

Question

Hi could i check my understanding, i have a deferred tax asset on my balance sheet, does this have to be reflected in "Own Funds" in R0160, C0050 Tier 3

Background of the question

I have a tax asset and not sure what if i have to reflect on own funds

EIOPA answer

Yes, as deferred tax assets reported on the balance sheet should be net from deferred tax liabilities according to Guideline 9 on the valuation of assets and liabilities other than technical provisions, in line with IAS 12.71. Therefore, S.23.01, R0160 / C0050 corresponds to the value of deferred tax assets in the solvency balance sheet S.02.01, R0040 / C0010.