reduced by a deferred tax liability amount. The difference between the Solvency II balance sheet and the tax balance sheet must be considered in the calculation of the deferred taxes in general. This is the result of not being included in the line item subordinated liabilities primarily and therefore the check of the equity requirements have to be fulfilled in the moment of building up the balance sheet. This mechanism be avoided if the subordinated liabilities will be shown in the line item subordinated liabilities in the first step. In a further step (after calculation of deferred taxes) this securities would be adjusted to the equity position. Calculating deferred on subordinated liabilities which are treated as equity must be avoided and have to be clarified in the LOG. 231. CEA BS-C1- cell L16 This comment applies to BS-C1-cells L16 to LS16. Further clarification required: They should be presented in L20-LS20 We whether structured notes should be categorised as liabilities other ‘Financial derivatives, since there is no specific row for structured notes on the than debts owed to liability side? credit institutions’ 232. Danish Insurance BS-C1- cell L16 It should be specified whether derivatives attached to Unit-linked Please see comment n. Association contracts with a negative value (from D2O) should be included in the 81 A12-sum. Or if they are to be included in the liabilities in cell L16. 233. German Insurance BS-C1- cell L16 This comment applies to L16 LS16. Please see comment n. – Association (GDV) 231 Further clarification required:
reduced by a deferred tax liability amount. The difference between the Solvency II balance sheet and the tax balance sheet must be considered in the calculation of the deferred taxes in general. This is the result of not being included in the line item subordinated liabilities primarily and therefore the check of the equity requirements have to be fulfilled in the moment of building up the balance sheet. This mechanism be avoided if the subordinated liabilities will be shown in the line item subordinated liabilities in the first step. In a further step (after calculation of deferred taxes) this securities would be adjusted to the equity position. Calculating deferred on subordinated liabilities which are treated as equity must be avoided and have to be clarified in the LOG. 231. CEA BS-C1- cell L16 This comment applies to BS-C1-cells L16 to LS16. Further clarification required: We whether structured notes should be categorised as derivatives, since there is no specific row for structured notes on the liability side? They should be presented in L20-LS20 ‘Financial liabilities other than debts owed to credit institutions’ 232. Danish Insurance Association BS-C1- cell L16 It should be specified whether derivatives attached to Unit-linked contracts with a negative value (from D2O) should be included in the A12-sum. Or if they are to be included in the liabilities in cell L16. Please see comment n. 81 233. German Insurance Association (GDV) BS-C1- cell L16 This comment applies to L16 – LS16. Further clarification required: Please see comment n. 231
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