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S.29.01 — Excess of Assets over Liabilities

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S.29.01 — Excess of Assets over Liabilities

General comments:

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

This template is not applicable to captive insurance and reinsurance undertakings complying with conditions specified in the Regulation.

This template, together with S.29.02 to S.29.04, explains the variation of Excess of Assets over Liabilities by reconciling the different sources of movements (please see the five main sources in b) below). In these templates, creation of value needs to be reported (such as income from investments).

The content of this template covers:

  • a) A presentation of all variations in Basic Own fund items during the reporting period. It isolates the variation of the Excess of Assets over Liabilities as part of this total variation. This first analysis is entirely performed based on information also reported in template S.23.01 (year N and N–1).
  • b) A summary of the 5 main sources affecting the variation of the Excess of Assets over Liabilities between the prior and the last reporting periods (cells C0030/R0190 to C0030/R0250):
  • * The variation related to investments and financial liabilities detailed in template S.29.02,
    • * The variation related to technical provisions detailed in templates S.29.03 and S.29.04,
    • * The variation of ‘pure’ capital items, which is not directly influenced by the business carried on (e.g., variations in ordinary shares numbers and values); these variations are analysed in detail within template S.23.03;
    • * Other main variations linked to tax and dividend distribution, namely:
      • * Variation in Deferred Tax position
      • * Income Tax of the reporting period
      • * Dividend distribution
    • * Other variations not explained elsewhere.
ITEM INSTRUCTIONS
C0010/R0010–
R0120		 Basic Own fund
items —
Year N		 These items do not cover all Basic Own fund
items, but only those before
adjustments/deductions
for:
–
Own
funds
from
the
financial
statements
that
shall
not
be
represented
by
the
reconciliation
reserve and do not meet the criteria to
be classified as Solvency II own
funds;

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–
Participations in financial and credit
institutions.
C0020/R0010 —
R0120		 Basic Own fund
items —
Year N–1		 These items do not cover all Basic Own fund
items, but only those before
adjustments/deductions for:
–
Own
funds
from
the
financial
statements
that
shall
not
be
represented
by
the
reconciliation
reserve and
do not meet the criteria to
be classified as Solvency II own
funds;
–
Participations in financial and credit
institutions
C0030/R0010–
R0120		 Basic Own fund
items —
Variation		 Variation between reporting period N and N–1
of own fund items.
C0030/R0130 Excess
of assets
over liabilities
(Variations of Basic
Own Funds
explained by
Variation Analysis
Templates)		 Variation of excess of assets over liabilities.
This item is further assessed in rows R0190 to
R0250 and then in templates S.29.02 to
S.29.04.
Excess of assets over liabilities shall be
considered before deductions for
Participations in financial and credit
institutions.
C0030/R0140 Own shares Variation of own shares included as assets on
the balance sheet.
C0030/R0150 Foreseeable
dividends,
distributions and
charges		 Variation of foreseeable dividends,
distributions and charges.
C0030/R0160 Other basic own
fund items		 Variation of other basic own fund items.
C0030/R0170 Restricted own fund
items due to ring
fencing and
matching		 Variation of restricted own fund items due to
ring fencing and matching.
C0030/R0180 Total variation of
Reconciliation
Reserve		 Total variation of Reconciliation Reserve.

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C0030/R0190 Variations due to
investments and
financial liabilities		 Variations in the Excess of assets over
liabilities explained by variations in
investments and financial liabilities (for
instance variations in value in the period,
financial revenues, etc.). This amount shall not
include amount of Own Shares.
C0030/R0200 Variations due to net
technical provisions		 Variations in the Excess of assets over
liabilities explained by variations in technical
provisions (for instance provision reversals or
new earned premiums, etc.).
C0030/R0210 Variations in capital
basic own fund
items and other
items approved		 This amount explains the part of the variation
of Excess of Assets over Liabilities due to
movements in ‘pure’ capital items, such as
Ordinary share capital (gross of own shares),
Preference shares, Surplus funds.
C0030/R0220 Variations in
Deferred Tax
position		 Variations in the Excess of assets over
liabilities explained by variation of deferred
tax assets and deferred tax liabilities
C0030/R0230 Income tax of the
reporting period		 Amount of corporate tax of the reporting
period, as stated in the financial statements of
the reporting period.
C0030/R0240 Dividend
distribution		 Amount of dividend distributed during the
reporting period, as stated in the financial
statements of the reporting period.
C0030/R0250 Other variations in
Excess of Assets
over Liabilities		 The remaining variations in the excess of
assets over liabilities.