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    S.02.01 — Balance sheet Solo

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    S.02.01 — Balance sheet

    General comments:

    This section relates to quarterly and annual submission of information for individual entities, ring-fenced funds and remaining part.

    The ‘Solvency II value’ column (C0010) shall be completed using the valuation principles set out in the Directive 2009/138/EC, Delegated Regulation (EU) 2015/35, Technical Standards issued under Directive 2009/138/EC and EIOPA Guidelines.

    With regards to the ‘Statutory accounts value’ column (C0020), recognition and valuation methods are the ones used by undertakings in their statutory accounts in accordance with the local GAAP or IFRS if accepted as local GAAP. In template SR.02.01 this column is only applicable if the development of financial statements by RFF is required by national law.

    The default instruction is that each item shall be reported in the ‘Statutory accounts value’ column, separately. However, in the ‘Statutory accounts value’ column the dotted rows were introduced in order to enable the reporting of aggregated figures if the split figures are not available.

    ITEMINSTRUCTIONS
    Assets
    Z0020Ring-fenced
    fund or
    remaining part    		Identifies whether the reported figures are with
    regard to an
    RFF or to the remaining part. One of
    the options in the following closed list shall be
    used:
    1 — RFF
    2 — Remaining part
    Z0030Fund numberWhen item Z0020 = 1, this is a unique number or
    code of fund, as attributed by the undertaking. It
    shall remain unvarying over time. It shall not be
    re-used for any other fund.
    When item Z0020 = 2, then report ‘0’
    C0020/R0010GoodwillIntangible asset that arises as the result of a
    business combination and that represents the
    economic value of assets that cannot be
    individually identified or separately recognised in
    a business combination.
    C0020/R0020Deferred
    acquisition costs    		Acquisition costs relating to contracts in force at
    the balance sheet date which are carried forward
    from one reporting period to subsequent reporting
    periods, relating to the unexpired periods of risks.
    In relation to life business, acquisition costs are
    deferred when it is probable that they will be
    recovered.
    C0010 – C0020/R0030Intangible assetsIntangible assets other than goodwill. An
    identifiable non-monetary asset without physical
    substance.
    C0010 – C0020/R0040Deferred tax
    assets    		Deferred tax assets are the amounts of income
    taxes recoverable in future periods in respect of:
    (a)
    deductible temporary differences;
    (b)
    the carry
    forward of unused tax
    losses; and/or
    (c)
    the carry
    forward of unused tax
    credits.
    C0010 – C0020/R0050Pension benefit
    surplus    		This is the total of net surplus related to
    employees’ pension scheme.
    C0010 – C0020/R0060Property, plant
    & equipment
    held for own use    		Tangible assets which are intended for permanent
    use and property held by the undertaking for own
    use. It also includes property for
    own use under
    construction.
    C0010 – C0020/R0070Investments
    (other than
    assets held for
    index-linked
    and unit-linked
    contracts)    		This is the total amount of investments, excluding
    assets held for index-linked and unit-linked
    contracts.
    C0010 – C0020/R0080
    C0010 – C0020/R0090    		Property (other
    than for own
    use)
    Holdings in
    related
    undertakings,
    including
    participations    		Amount of the property, other than for own use. It
    also includes property under construction other
    than for own use.
    Participations as defined in Article 13(20) and 212
    (2) and holdings in related undertakings in Article
    212(1)(b) of Directive 2009/138/EC.
    When part of the assets regarding participation
    and related undertakings refer to unit and index
    linked contracts, these parts shall be reported in
    ‘Assets held for index-linked and unit-linked
    contracts’ in C0010–C0020/R0220.
    C0010 – C0020/R0100EquitiesThis is the total amount of equities, listed and
    unlisted.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split between listed and
    unlisted is not available, this item shall reflect the
    sum.
    C0010 – C0020/R0110Equities — listedShares representing corporations’ capital, e.g.
    representing ownership in a corporation,
    negotiated on a regulated market or on a
    multilateral trading facility, as defined by
    Directive 2004/39/EC.
    It shall exclude holdings in related undertakings,
    including participations.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split between listed and
    unlisted is not available, this item shall not be
    reported.
    C0010 – C0020/R0120Equities — unlistedShares representing corporations’ capital, e.g.
    representing ownership in a corporation, not
    negotiated on a regulated market or on a
    multilateral trading facility, as defined by
    Directive 2004/39/EC.
    It shall exclude holdings in related undertakings,
    including participations.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split between listed and
    unlisted is not available, this item shall not be
    reported.
    C0010 – C0020/R0130BondsThis is the total amount of government bonds,
    corporate bonds, structured notes and
    collateralised securities.
    With regard to ‘statutory accounts values’ column
    (C0020) — where the split of bonds is not
    available, this item shall reflect the sum.
    C0010 – C0020/R0140Government
    Bonds    		Bonds issued by public authorities, whether by
    central governments, supra-national government
    institutions, regional governments or local
    authorities and bonds that are fully,
    unconditionally and irrevocably guaranteed by the
    European Central Bank, Member States’ central
    government and central banks, multilateral
    development banks referred to in paragraph 2 of
    Article 117 of Regulation (EU) No 575/2013 or
    international organisations referred to in Article
    118 of Regulation (EU) No 575/2013, regional
    governments and local authorities listed in
    Article
    1 of Implementing Regulation (EU)
    2015/2011, where the guarantee meets the
    requirements set out in Article 215 of Delegated
    Regulation (EU) 2015/35.
    With regard
    to ‘statutory accounts values’ column
    (C0020), where the split between bonds,
    structured products and collateralised securities is
    not available, this item shall not be reported.
    C0010 – C0020/R0150Corporate BondsBonds issued by corporations
    With regard to ‘statutory accounts values’ column
    (C0020), where – the split between bonds,
    structured products and collateralised securities is
    not available, this item shall not be reported.
    C0010 – C0020/R0160Structured notesHybrid securities, combining a fixed income
    (return in a form of fixed payments) instrument
    with a series of derivative components. Excluded
    from this category are fixed income securities that
    are issued by sovereign governments. Concerns
    securities that have embedded any categories of
    derivatives, including Credit Default Swaps
    (‘CDS’), Constant Maturity Swaps (‘CMS’),
    Credit Default Options (‘CDOp’).
    With regard to ‘statutory accounts values’ column
    (C0020), where – the split between bonds,
    structured products and collateralised securities is
    not available, this item shall not be reported.
    C0010 – C0020/R0170Collateralised
    securities    		Securities whose value and payments are derived
    from a portfolio of underlying assets. Includes
    Asset Backed Securities (‘ABS’), Mortgage
    Backed securities (‘MBS’), Commercial Mortgage
    Backed securities (‘CMBS’), Collateralised Debt
    Obligations (‘CDO’), Collateralised Loan
    Obligations (‘CLO’), Collateralised Mortgage
    Obligations (‘CMO’)
    With regard to ‘statutory accounts values’ column
    (C0020), where the split between bonds,
    structured products and collateralised securities is
    not available, this item shall not be reported.
    C0010 – C0020/R0180Collective
    Investments
    Undertakings    		Collective investment undertaking means an
    undertaking for collective investment in
    transferable securities (‘UCITS’) as defined in
    Article 1(2) of Directive 2009/65/EC of the
    European Parliament and of the Council or an
    alternative investment fund (AIF) as defined in
    Article 4(1)(a) of Directive 2011/61/EU of the
    European Parliament and of the Council.
    C0010 – C0020/R0190DerivativesA financial instrument or other contract with all
    three of the following characteristics:
    (a)
    Its value changes in response to the
    change
    in
    a
    specified
    interest
    rate,
    financial
    instrument
    price,
    commodity
    price, foreign exchange (‘FX’) rate, index
    of prices or rates, credit rating or credit
    index, or other variable, provided in the
    case of a non-financial variable that the
    variable is not specific to a party to the
    contract
    (sometimes
    called
    the
    ‘underlying’).
    (b)
    It requires no initial net investment
    or an initial net investment that is smaller
    than would be required for other types of
    contracts that would be expected to have a
    similar response to changes in market
    factors.
    (c)
    It is settled at a future date.
    Solvency II value, only if positive, of the
    derivative as of the reporting date is reported here
    (in case of negative value, see R0790).
    C0010 – C0020/R0200Deposits other
    than cash
    equivalents    		Deposits other than cash equivalents that cannot
    be used to make payments until before a specific
    maturity date and that are not exchangeable for
    currency or transferable deposits without any kind
    of significant restriction or penalty.
    C0010 – C0020/R0210Other
    investments    		Other investments not covered already within
    investments reported above.
    C0010 – C0020/R0220Assets held for
    index-linked
    and unit-linked
    contracts    		Assets held for index-linked and unit-linked
    contracts (classified in line of business 31 as
    defined in Annex I of Delegated Regulation (EU)
    2015/35).
    C0010 – C0020/R0230Loans and
    mortgages    		This is the total amount of loans and mortgages,
    i.e. financial assets created when undertakings
    lend funds, either with or without collateral,
    including cash pools.
    With regard to ‘statutory accounts values’ column
    (C0020) — where the split of the split of loans &
    mortgages is not available, this item shall reflect
    the sum
    C0010 – C0020/R0240Loans on
    policies    		Loans made to policyholders, collateralised on
    policies (underlying technical provisions).
    With regard to ‘statutory accounts values’ column
    (C0020), where – the split between loans on
    policies, loans on mortgages to individuals and
    other loans and mortgages is not available, this
    item shall not be reported.
    C0010 – C0020/R0250Loans and
    mortgages to
    individuals    		Financial assets created when creditors lend funds
    to debtors — individuals, with collateral or not,
    including cash pools.
    With regard to ‘statutory accounts values’ column
    (C0020), where – the split between loans on
    policies, loans on mortgages to individuals and
    other loans and mortgages is not available, this
    item shall not be reported.
    C0010 – C0020/R0260Other loans and
    mortgages    		Financial assets created when creditors lend funds
    to debtors — others, not classifiable in item
    R0240 or R0250, with collateral or not, including
    cash pools.
    With regard to ‘statutory accounts values’ column
    (C0020), where – the split between loans on
    policies, loans on mortgages to individuals and
    other loans and mortgages is not available, this
    item shall not be reported.
    C0010 – C0020/R0270Reinsurance
    recoverables
    from:    		This is the total amount of reinsurance
    recoverables. It corresponds to the amount of
    reinsurer share of technical provisions (including
    Finite reinsurance and SPV).
    For the ‘Solvency II value’ column (C0010) this
    cell
    in particular shall
    include all expected
    payments from reinsurers to the undertaking (or
    vice versa) corresponding to payments not yet
    made by the undertaking to policyholders
    (or by
    policyholders to the undertaking).
    While,
    all
    expected payments from reinsurers to the
    undertaking (or vice versa) corresponding to
    payments already made by the undertaking to
    policyholders (or by policyholders to the
    undertaking) shall
    be included
    in reinsurance
    receivables
    (or reinsurance payables).
    C0010 – C0020/R0280Non-life and
    health similar to
    non-life    		Reinsurance recoverables in respect of technical
    provisions for non-life and health similar to non – life.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split between non-life
    excluding health and health similar to non-life is
    not available this item shall reflect the sum.
    C0010 – C0020/R0290Non-life
    excluding health    		Reinsurance recoverables in respect of technical
    provisions for non-life business, excluding
    technical provisions for health – similar to non – life
    C0010 – C0020/R0300Health similar to
    non-life    		Reinsurance recoverables in respect of technical
    provisions for health similar to non — life.
    C0010 – C0020/R0310Life and health
    similar to life,
    excluding health    		Reinsurance recoverable in respect of technical
    provisions for life and health similar to life,
    excluding health and index-linked and unit-linked
    and index – linked and unit – linkedWith regard to ‘statutory accounts values’ column
    (C0020), where the split between life excluding
    health and index-linked and unit-linked and
    health similar to life is not available, this item
    shall reflect the sum.
    C0010 – C0020/R0320Health similar to
    life    		Reinsurance recoverables in respect of technical
    provisions for health-similar to life.
    C0010 – C0020/R0330Life excluding
    health and
    index-linked
    and unit-linked    		Reinsurance recoverables in respect of technical
    provisions for life business, excluding technical
    provisions health-similar to life techniques and
    technical provisions for index-linked and unit – linked.
    C0010 – C0020/R0340Life index – linked and unit – linkedReinsurance recoverables in respect of technical
    provisions for life index-linked and unit-linked
    business.
    C0010 – C0020/R0350Deposits to
    cedants    		Deposits relating to reinsurance accepted.
    C0010 – C0020/R0360Insurance and
    intermediaries
    receivables    		Amounts for payment by policyholders, insurers
    and other linked to insurance business that are not
    included in technical provisions.
    It shall include receivables from reinsurance
    accepted.
    C0010 – C0020/R0370Reinsurance
    receivables    		For the ‘Solvency II value’ column (C0010) this
    cell shall include
    all expected payments
    (due and
    past-due)
    from reinsurers linked to reinsurance
    business to the undertaking that are not included
    in reinsurance recoverables.
    These should not be included in the item “any
    other assets not elsewhere shown”.
    This cell in particular should take into account all
    expected payments from reinsurers to the
    undertaking corresponding to payments made by
    the undertaking to the policyholders.
    It also
    shall
    include all expected payments (due
    and past-due) from reinsurers in relation to other
    than insurance events or those that have been
    agreed between cedent and reinsurer and where
    the amount of the expected payment is certain.
    C0010 – C0020/R0380Receivables
    (trade, not
    insurance)    		Includes amounts receivables from employees or
    various business partners (not insurance-related),
    including public entities.
    C0010 – C0020/R0390Own shares
    (held directly)    		This is the total amount of own shares held
    directly by the undertaking.
    C0010 – C0020/R0400Amounts due in
    respect of own
    fund items or
    initial fund
    called up but not
    yet paid in    		Value of the amount due in respect of own fund
    items or initial fund called up but not yet paid in.
    C0010 – C0020/R0410Cash and cash
    equivalents    		Notes and coins in circulation that are commonly
    used to make payments, and deposits
    exchangeable for currency on demand at par and
    which are directly usable for making payments by
    cheque, draft, giro order, direct debit/credit, or
    other direct payment facility, without penalty or
    restriction.
    Bank accounts shall not be netted off, thus only
    positive accounts shall be recognised in this item
    and bank overdrafts shown within liabilities unless
    where both legal right of offset and demonstrable
    intention to settle net exist.
    C0010 – C0020/R0420Any other
    assets, not
    elsewhere
    shown    		This is the amount of any other assets not
    elsewhere already included within balance Sheet
    items.
    C0010 – C0020/R0500Total assetsThis is the overall total amount of all assets.
    Liabilities
    C0010 – C0020/R0510Technical
    provisions — non-life    		Sum of the technical provisions non-life.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    C0010 – C0020/R0520Technical
    provisions —    		used for the purposes of Minimum capital
    requirement (‘MCR’) calculation.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split of technical provisions
    for non –life between non — life (excluding
    health) and health (similar to non — life) is not
    possible, this item shall reflect the sum.
    This is the total amount of technical provisions for
    non — life business (excluding health).
    non-life
    (excluding
    health)    		This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0530Technical
    provisions — non-life
    (excluding    		This is the total amount of technical provisions
    calculated as whole (replicable/hedgeable
    portfolio) for non — life business (excluding
    health).
    health) — technical
    provisions
    calculated as a
    whole    		This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0540Technical
    provisions — non-life
    (excluding    		This is the total amount of best estimate of
    technical provisions for non — life business
    (excluding health).
    Best estimate shall be reported gross of
    health) — Best
    estimate    		reinsurance.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0550Technical
    provisions — non-life    		This is the total amount of risk margin of technical
    provisions for non — life business (excluding
    health).
    (excluding
    health) — Risk
    margin    		This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010 – C0020/R0560Technical
    provisions — health (similar to
    non-life)    		This is the total amount of technical provisions for
    health (similar to non — life).
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0570Technical
    provisions — health (similar to
    non-life) — technical
    provisions
    calculated as a
    whole    		This is the total amount of technical provisions
    calculated as a whole (replicable/hedgeable
    portfolio) for health (similar to non-life).
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0580Technical
    provisions — health(similar to
    non –life) — Best estimate    		This is the total amount of best estimate of
    technical provisions for health business (similar to
    non-life).
    Best estimate shall be reported gross of
    reinsurance.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    C0010/R0590Technicalin accordance with the contributory methodology
    used for the purposes of MCR calculation.
    This is the total amount of risk margin of technical
    provisions — health (similar to
    non — life) — Risk margin    		provisions for health business (similar to non – life).
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010 – C0020/R0600Technical
    provisions — life (excluding
    index-linked
    and unit-linked)    		Sum of the technical provisions life (excluding
    index-linked and unit-linked).
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split of technical provisions
    life (excluding index — linked and unit — linked)
    between health (similar to life) and life (excluding
    health, index – linked and unit — linked) is not
    C0010 – C0020/R0610Technical
    provisions — health (similar to
    life)    		possible, this item shall reflect the sum.
    This is the total amount of technical provisions for
    health (similar to life) business.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0620Technical
    provisions — health (similar to
    life) — technical
    provisions
    calculated as a
    whole    		This is the total amount of technical provisions
    calculated as a whole (replicable/hedgeable
    portfolio) for health (similar to life) business.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0630Technical
    provisions — health (similar to
    life) — Best
    estimate    		This is the total amount of best estimate of
    technical provisions for health (similar to life)
    business.
    Best estimate shall be reported gross of
    reinsurance.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0640Technical
    provisions — health (similar to
    life) — Risk
    margin    		This is the total amount of risk margin of technical
    provisions for health (similar to life) business.
    This
    amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010 – C0020/R0650Technical
    provisions — life (excl. health
    and index – linked and unit – linked)    		This is the total amount of technical provisions for
    life (excluding health and index — linked and unit
    — linked) business.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in
    accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0660TechnicalThis is the total amount of technical provisions
    provisions — life (excl. health
    and index – linked and unit – linked) — technical
    provisions
    calculated as a
    whole    		calculated as a whole (replicable/hedgeable
    portfolio) for life (excluding health and index — linked and unit — linked) business.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0670Technical
    provisions — life (excl. health
    and index – linked and unit – linked) — Best
    estimate    		This is the total amount of best estimate of
    technical provisions for life (excluding health and
    index — linked and unit — linked) business.
    Best estimate shall be reported gross of
    reinsurance.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0680Technical
    provisions — life (excl. health
    and index – linked and unit – linked) — Risk
    margin    		This is the total amount of risk margin of technical
    provisions for life (excluding health and index — linked and unit — linked) business.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010 – C0020/R0690Technical
    provisions — index-linked
    and unit-linked    		This is the total amount of technical provisions for
    index — linked and unit — linked business.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0700Technical
    provisions — index-linked
    and unit-linked
    — technical
    provisions
    calculated as a
    whole    		This is the total amount of technical provisions
    calculated as a whole (replicable/hedgeable
    portfolio) for index — linked and unit — linked
    business.
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0710Technical
    provisions — index-linked
    and unit-linked
    — Best estimate    		This is the total amount of best estimate of
    technical provisions for index — linked and unit
    — linked business.
    Best estimate shall be reported gross of
    reinsurance
    This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0010/R0720Technical
    provisions — index-linked    		This is the total amount of risk margin of technical
    provisions for index — linked and unit — linked
    business.
    and unit-linked
    — Risk margin    		This amount shall include the apportionment from
    the transitional deduction to technical provisions
    in accordance with the contributory methodology
    used for the purposes of MCR calculation.
    C0020/R0730Other technical
    provisions    		Other technical provisions, as recognised by
    undertakings in their statutory accounts, in
    accordance with the local GAAP or IFRS.
    C0010 – C0020/R0740Contingent
    liabilities    		A contingent liability is defined as:
    a)
    a possible obligation that arises
    from past events and whose existence will
    be confirmed only by the occurrence or
    non-occurrence of one or more uncertain
    future events not wholly within the control
    of the entity; or
    b)
    a present obligation that arises from
    past events even if:
    (i)
    it is not probable that an
    outflow
    of resources
    embodying
    economic benefits will be required
    to settle the obligation; or
    (ii)
    the amount of the obligation
    cannot be measured with sufficient
    reliability.
    C0010–Provisions otherThe amount of contingent liabilities recognised in
    the balance sheet shall follow the criteria set in
    Article 11 of the Delegated Regulation (EU)
    2015/35.
    Liabilities of uncertain timing or amount,
    C0020/R0750than technical
    provisions    		excluding the ones reported under ‘Pension
    benefit obligations’.
    The provisions are recognised as liabilities
    (assuming that a reliable estimate can be made)
    when they represent obligations and it is probable
    that an outflow of resources embodying economic
    benefits will be required to settle the obligations.
    C0010 – C0020/R0760Pension benefit
    obligations    		This is the total net obligations related to
    employees’ pension scheme.
    C0010 – C0020/R0770Deposits from
    reinsurers    		Amounts (e.g. cash) received from reinsurer or
    deducted by the reinsurer according to the
    reinsurance contract.
    C0010 – C0020/R0780Deferred tax
    liabilities    		Deferred tax liabilities are the amounts
    of income
    taxes payable in future periods in respect of
    taxable temporary differences.
    C0010 – C0020/R0790DerivativesA financial instrument or other contract with all
    three of the following characteristics:
    (a)
    Its value changes in response to the
    change
    in
    a
    specified
    interest
    rate,
    financial
    instrument
    price,
    commodity
    price, foreign exchange rate, index of
    prices or rates, credit rating or credit
    index, or other variable, provided in the
    case of a non-financial variable that the
    variable is not specific to a party to the
    contract
    (sometimes
    called
    the
    ‘underlying’).
    (b)
    It requires no initial net investment
    or an initial net investment that is smaller
    than would be required for other types of
    contracts that would be expected to have a
    similar response to changes in market
    factors.
    (c)
    It is settled at a future date.
    Only derivative liabilities shall be reported on this
    row (i.e. derivatives with negative values as of the
    reporting date.) Derivatives assets shall be
    reported under C0010–C0020/R0190.
    Undertakings which do not value derivatives in
    their Local GAAP do not need to provide a
    financial statements value.
    C0010 – C0020/R0800Debts owed to
    credit
    institutions    		Debts, such as mortgage and loans, owed to credit
    institutions, excluding bonds held by credit
    institutions (it is not possible for the undertaking
    to identify all the holders of the bonds that it
    issues) and subordinated liabilities. It shall
    also include bank overdrafts.
    C0010 – C0020/R0810Financial
    liabilities other
    than debts owed
    to credit
    institutions    		Financial liabilities including bonds issued by
    undertaking (held by credit institutions or not),
    structured notes issued by the undertaking itself
    and mortgage and loans due to other entities than
    credit institutions.
    Subordinated liabilities shall not be included here.
    C0010 – C0020/R0820Insurance and
    intermediaries
    payables    		Amounts payable to policyholders, insurers and
    other business linked to insurance that are not
    included in technical provisions.
    Includes amounts payable to (re)insurance
    intermediaries (e.g. commissions due to
    intermediaries but not yet paid by the
    undertaking).
    Excludes loans & mortgages due to other
    insurance companies, if they only relate to
    financing and are not linked to insurance business
    (such loans and mortgages shall be reported as
    financial liabilities).
    It shall include payables from reinsurance
    accepted.
    C0010 – C0020/R0830Reinsurance
    payables    		Amounts payable to reinsurers (in particular
    current accounts) other than deposits linked to
    reinsurance business that are not included in
    reinsurance recoverables, including payables from
    the undertaking to reinsurers in relation to other
    than insurance events.
    Includes payables to reinsurers that relate to ceded
    premiums.
    For the ‘Solvency II value’ column (C0010) this
    cell shall include all expected
    payments (due and
    past-due)
    from the undertaking to reinsurers
    that
    are not included in reinsurance recoverables.
    These should not be included in the item “any
    other liabilities not elsewhere shown”.
    This cell in particular should take into account all
    expected payments from the undertaking to
    reinsurers corresponding to payments made by the
    policyholders to the undertaking.
    It also shall include all expected payments (due
    and past-due) to reinsurers in relation to other than
    insurance events or those that have been agreed
    between cedent and reinsurer and where the
    amount of the expected payment is certain.
    C0010 – C0020/R0840Payables (trade,
    not insurance)    		This is the total amount trade payables, including
    amounts due to employees, suppliers, etc. and not
    insurance-related, parallel to receivables (trade,
    not insurance) on asset side; includes public
    entities.
    C0010 – C0020/R0850Subordinated
    liabilities    		Subordinated liabilities are debts which rank after
    other specified debts when undertaking is
    liquidated. This is the total of subordinated
    liabilities classified as Basic Own Funds and those
    that are not included in Basic Own Funds.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split between subordinated
    liabilities not in basic own funds and subordinated
    liabilities in basic own funds is not available, this
    C0010 – C0020/R0860Subordinated
    liabilities not in
    Basic Own
    Funds    		item shall reflect the sum.
    Subordinated
    liabilities are debts which rank after
    other specified debts when undertaking is
    liquidated. Other debts may be even more deeply
    subordinated. Only subordinated liabilities that are
    not classified in Basic Own Funds shall be
    presented here.
    With regard to ‘statutory accounts values’ column
    (C0020), where the split between subordinated
    liabilities not in basic own funds and subordinated
    liabilities in basic own funds is not available, this
    item shall not be reported.
    C0010 – C0020/R0870Subordinated
    liabilities in
    Basic Own
    Funds    		Subordinated liabilities classified in Basic Own
    Funds.
    With regard to ‘statutory accounts values’ column
    (C0020), where – the split between subordinated
    liabilities not in basic own funds and subordinated
    liabilities in basic own funds is not available, this
    item shall not be reported.
    C0010 – C0020/R0880Any other
    liabilities, not
    elsewhere
    shown    		This is the total of any other liabilities, not
    elsewhere already included in other Balance Sheet
    items.
    C0010 – C0020/R0900Total liabilitiesThis is the overall total amount of all liabilities
    C0010/R1000Excess of assets
    over liabilities    		This is the total of undertaking’s excess of assets
    over liabilities, valued in accordance with
    Solvency II valuation basis. Value of the assets
    minus liabilities.
    C0020/R1000Excess of assets
    over liabilities
    (statutory
    accounts value)    		This is the total of excess of assets over liabilities
    of statutory accounts value column.