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PRU 2.2.25 Guidance for form PIB 13 — Provisions for Impairment

Instructional guidelines

Authorised Firms in category 1 and 5 are required to complete this form. All entries are to be converted from the relevant currency to US dollars at the closing spot mid price on the reporting date.

Specific Guidance

Item No Item Guidance
13.1 Opening Balance Report the provisions as at the end of the previous period.
13.2 Charge from Profit and Loss The additional provisions that management considers adequate to reduce the recorded investment in the firm's books net of other movements. The amount of provisions should be the same as recorded on the profit and loss statement.
13.3 Write offs The reduction of provisions due to a write off of the corresponding investment.
13.4 Recoveries The increase of provisions due to funds recovered from an investment that had previously been written off.
13.5 Other Include and specify any other credit related adjustments to provisions occurring during the period.
13.6 Closing Balance Report the provisions as at the end of the current period. This amount should be the opening balance adjusted by the items in 13.2, 13.3, 13.4 and 13.5. (13.1+13.2-13.3+13.4+13.5)