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.