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    S.29.02 — Excess of Assets over Liabilities — explained by investments and financial liabilities Solo

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    S.29.02 — Excess of Assets over Liabilities — explained by investments and financial liabilities PDF · reporting-explanations/EIOPA_Solvency_II/2.8.0/EIOPA_S.29.02_solo.pdf
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    Converted from the official instructions so it can be searched and copied. The PDF above is the document of record.

    S.29.02 — Excess of Assets over Liabilities — explained by investments and financial liabilities

    General comments:

    This section relates to annual submission of information for individual entities.

    This template focuses on changes in the Excess of Assets over Liabilities due to investments and financial liabilities.

    The scope of this template:

    • i. Includes investments;
    • ii. Includes liabilities position of derivatives (as investments);
    • iii. Includes Own shares;
    • iv. Includes Financial liabilities (comprising subordinated liabilities);
    • v. Includes assets held for unit-linked and index-linked funds;
    • vi. Excludes property held for own use.

    For all these items, the template covers the investments held at closing date of the prior reporting period (N–1) and the investments acquired/issued during the reporting period (N).

    The difference between template S.29.02 (last table) and information in template S.09.01 is the inclusion of the revenue from own shares and the exclusion of Property held for own use. The purpose of the template is to provide a detailed understanding of the changes in the Excess of Assets over Liabilities related to investments, considering:

    • i. Movements in valuation with an impact on the Excess of Assets over Liabilities (e.g. realised gains and losses from sales, but also valuation differences);
    • ii. Revenues triggered by investments;
    • iii. Expenses related to investments (including interest charges on financial liabilities.).
    ITEMINSTRUCTIONS
    C0010/R0010Valuation
    movements on
    investments    		Valuation movements on investments, including:
    – For those assets kept in the portfolio, the
    difference between Solvency II values at the end
    of the reporting period (N) and at the beginning
    of the Year (N–1);
    – For those investments divested between the two
    reporting periods (including where an asset was
    acquired
    during
    the
    reporting
    period),
    the
    difference between the selling
    price and the
    Solvency II value as at the last reporting period
    (or, in case of investments acquired during the
    period, the acquisition cost value);
    – For those assets acquired during the reporting
    period and still held at the end of the reporting
    period,
    the
    difference
    between
    the
    closing
    Solvency II value and the acquisition cost/value.
    It shall include amounts relative to derivatives regardless
    of derivatives being an asset or a liability.
    It shall not include amounts reported in ‘Investment
    revenues — R0040’ and ‘Investments expenses including
    Interest charges on subordinated and financial liabilities
    — R0050’.
    C0010/R0020Valuation
    movements on
    own shares    		Same as for cell C0010/R0010, but for own shares.
    C0010/R0030Valuation
    movements on
    financial
    liabilities and
    subordinated
    liabilities    		Valuation movements on financial liabilities and
    subordinated liabilities, including:
    – For those financial and subordinated liabilities
    issued prior to the reporting period and not
    redeemed, the difference between Solvency II
    values at the end of the reporting period (N) and
    at the beginning of the reporting period (N–1);
    – For those financial and subordinated liabilities
    redeemed
    during
    the
    reporting
    period,
    the
    difference between the redemption price and the
    Solvency II value as at the end of the last
    reporting period;
    – For those financial and subordinated liabilities
    issued during the reporting period and not
    redeemed
    during
    the
    period,
    the
    difference
    between the closing Solvency II value and
    issuance price.
    C0010/R0040Investment
    Revenues    		Includes dividends, interests, rents and other revenues,
    due to investments within scope of this template.
    C0010/R0050Investments
    expenses
    including
    interest charges
    on subordinated
    and financial
    liabilities    		Investments expenses including interest charges on
    subordinated and financial liabilities, including:
    – Investment management expenses – related to
    ‘Investments’ and to ‘Own shares’;
    – Interest charges on financial and subordinated
    liabilities related to ‘Financial liabilities other
    than debts owed to credit institutions’ as well as
    ‘Debts
    owed
    to
    credit
    institutions’
    and
    ‘Subordinated liabilities’.
    Those expenses and charges correspond to the ones
    recorded and recognised on an accrual basis at the end of
    the period.
    C0010/R0060Variation in
    Excess of Assets
    over Liabilities
    explained by
    investments and
    financial
    liabilities
    management    		Total of variation
    in Excess of Assets over Liabilities
    explained by investments and financial liabilities
    management.
    C0010/R0070DividendsAmount of dividends earned over the reporting period,
    excluding any dividends from property held for own use.
    The same definition as in S.09.01 shall apply (except for
    the scope of investments to consider).
    C0010/R0080InterestsAmount of interest earned over the reporting period,
    excluding any interest from property held for own use.
    The same definition as in S.09.01 shall apply (except for
    the scope of investments to consider).
    C0010/R0090RentsAmount of rent earned over the reporting period,
    excluding any rent from property held for own use.
    The same definition as in S.09.01 shall apply (except for
    the scope of investments to consider).
    C0010/R0100OtherAmount of other investments income received and
    accrued at the end of the reporting year. Applicable to
    other investment income not considered in cells
    C0010/R0070, C0010/R0080 and C0010/R0090, such as
    securities lending fees, commitment fees etc., excluding
    the ones from property held for own use.