In accordance with Annex II of Commission Implementing Regulation (EU) 2021/451, institutions must ensure that the total deferred assets and total deferred liabilities, as reported in template C.04.00, match the figures from their most recently verified or audited accounting balance sheet.

To provide clarity, the total deferred liabilities reported in row 0050 are calculated as the sum of deferred tax liabilities that can and cannot be deducted from deferred tax assets based on future profitability. Specifically, this comprises rows 0060 and 0070, respectively. Non-deductible deferred tax liabilities are those that do not meet the conditions outlined in Article 38, paragraphs 3 and 4 of Regulation (EU) No 575/2013. This includes, among others, deferred tax liabilities associated with goodwill, other intangible assets, and defined benefit pension fund assets, which are reported in rows 0330, 0360, and 0410, respectively, within template C.01.00.

Therefore, row 0060 should encompass not only deferred tax liabilities that reduce the value of intangible assets or defined benefit pension fund assets required to be deducted as stipulated in Article 38, paragraph 4 but also any remaining deferred liabilities that fail to meet the conditions outlined in Article 38, paragraph 3.