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PRU-EPRS 1.16 Instructional Guidelines

Past version: effective from 16/12/2007 - 13/04/2013
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1. All figures relating to income statement items, other expense accounts, volumes, activity levels, number of accounts or units sold/traded and any other data relating to amounts invested/deposited except outstanding balances in any of the quarterly returns must correspond to the current reporting period (quarter) and not cumulative or year-to-date amounts.
2. The instructional guidelines below are regarding certain specific data elements in the form:
Item No. Item Instructional Guidelines
B300_1100 Interest income Include both actually received interest and receivable interest which has accrued but has not yet been received, generated for example by:
•  Cash and liquid assets
•  Trading securities
•  Investment securities
•  Derivatives in the non-trading book
•  Loans and advances
•  Investment / loans to parent entity / loans to associates / joint venture
•  Other investments
•  Other interest earning assets
B300_1200 Interest expense Include both interest actually paid and interest payable which has accrued but has not yet been paid, linked to, for example:
•  Deposits;
•  Other borrowings;
•  Derivatives in the non-trading book;
•  Bonds, notes and other borrowings;
•  Loan capital;
•  Loan from parent entity;
•  Loan from associates / joint ventures; Other interest bearing liabilities.
B300_2100 Income from fees and commissions Include income received and income receivable but has been accrued for services provided by the Authorised Firm, for example the provision of:
•  Current account facilities;
•  Corporate advice;
•  Investment management and trustee services;
•  Guarantees and indemnities;
•  Commission on the sale of insurance or travellers cheques;
Foreign exchange services (if they can be separately identified).
B300_2200 Fees and commission expense Include revenue generated for all services rendered to the company by third parties (excluding those which have the character of interest).
B300_3200 Net income from trading securities Include all profits or losses (including revaluation profits or losses) other than those arising from the sale of investments in subsidiary or associated companies, trade investments or the amortisation of premiums or discounts on the purchase of fixed maturity investments which are not held for dealing.
B300_3300 Net income from investment securities Include net income/(losses) from investments other than the trading securities, such as available for sale and held to maturity investments.
B300_3400 Income from Islamic contracts Income derived from any islamic contracts in which the Authorised Firm has invested in.
B300_3500 Other operating income Include under this heading income from any other source (other than extraordinary items), for example:
•  Revaluations of foreign exchange positions;
•  Revaluation of any investment in subsidiaries or associates (if equity accounting);
•  Share of profits from associated companies (if reporting on a consolidated basis);
•  Profit or loss on the sale of non-trading assets — e.g. premises, equipment, subsidiary and associated companies and trade investments;
•  Revaluation surpluses/deficits — following normal accounting practice.
•  Any other source (other than extraordinary items)
B300_3610 General provisions Report here the general provisions recorded by the Authorised Firm to reflect the overall level of credit losses expected in respect of the Authorised Firm's exposures.
B300_3620 Specific provisions This item includes total provisions made to cover losses foreseen in respect of specific exposures.
B300_3630 Provisions for Islamic contracts Include here provisions arising from any Islamic business undertaken
B300_3650 Other To include, for example, provisions made for taxation or dividends.
B300_3700 Staff expenses Include, for example:
•  Salary costs;
•  Employer's contribution to any pension scheme;
•  Costs of staff benefits paid on a per capita basis such as private medical insurance.
B300_3800 Depreciation & Amortisation Charges relating, for example, to depreciation / amortisation of property, plant and equipment and other amounts written off in respect of tangible and intangible fixed assets.
B300_3900 Other operating expenses Examples of expenses can be as follows:
•  Occupancy expenses — for example, rates, rent, insurance of building, lighting, heating, maintenance costs and subsidised restaurants;
•  Equipment;
•  Other overhead expenses;
•  All other expenditure not falling into one of the other specific categories.
B300_300T Operating profit from ordinary activities This item is calculated by EPRS and is calculated as the sum of B30 item nos. B300_1100 to B300_3900. (excluding sub totals at items nos B300_100T and B300_200T).
B300_4100 Net income from subsidiaries and associated companies Profit / losses received from subsidiaries, joints ventures and other associated undertakings.
B300_4200 Profit (loss) from extraordinary Items For example:

Profit or losses on sale or termination of an operation;

Profits or losses on disposal of fixed assts.
B300_400T Profit (loss) before tax This item is calculated by EPRS and is calculated as the sum of B30 item nos. B300_300T, B300_4100 and B300_4200.
B300_5100 Tax on (profit)/loss Any amount that has been or is expected to be paid in taxation.
B300_500T Profit / (loss) after tax This item is calculated by EPRS and is calculated as the sum of B30 item nos. B300_400T and B300_5100.
B300_600T Net profit / (loss) The amount of profit / loss that could be distributed to shareholders (or partners) or retained for future use within the company.

This is calculated by EPRS as the sum of B30 item nos B300_500T and B300_6100.
B300_7100 Dividends and other distributions, declared or paid The amount to be distributed in the current year to shareholders out of the profits of a company.
B300_7200 Partners' drawings, declared or paid The amount to be distributed in the current year to partners out of the profits of a partnership.
B300_7300 Other adjustments Any other adjustments that affect the retained profits.
B300_700T Retained profits for the reporting period Profits that have not been paid out as dividends to shareholders or withdrawn by partners but retained for further investment by the company.

This is calculated by EPRS as the sum of B30 item nos B300_600T, B300_7100, B300_7200 and B300_7300.
Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]