In Annex V it is stated in paragraph 120 that "institutions shall include the portions of balances and transactions with joint ventures and associates of the group to which the entity belongs that have not been eliminated when either proportional consolidation or the equity method is applied." If a financial institution uses equity method for consolidation purposes for assiciates of the group, does this mean that column 030 in table F 31.01 is to be left empty?

We find the fomulation in Annex V somewhat confusing and wonder if this column needs to be reported as the financial institution uses equity method for consolidation purposes in annual reporting.

In case the entity uses the equity method, table F 31.01 column 030 Annex III and IV of Regulation (EU) No 680/2014 – ITS on Supervisory Reporting of institutions (ITS on reporting) needs to be filled out.

To be reported are the portions of balances and transactions with joint ventures and associates of the group to which the entity belongs. Only the part of the balances and transactions which has not been eliminated as intra-group transactions or intra-group outstanding balances has to be inserted into the template.