GENPRU 2 Annex 1 Capital resources table for an insurer

Core tier one capital

(A)

Permanent share capital

GENPRU 2.2.83 R

Profit and loss account and other reserves (taking into account interim net losses)

GENPRU 2.2.85 R; GENPRU 2.2.87 R to GENPRU 2.2.88 R

Share premium account

GENPRU 2.2.101 R

Externally verified interim net profits

GENPRU 2.2.102 R

Positive valuation differences

GENPRU 2.2.105 R

Fund for future appropriations

GENPRU 2.2.108 R

Perpetual non-cumulative preference shares

(B)

Perpetual non-cumulative preference shares

GENPRU 2.2.109 R

Innovative tier one capital

(C)

Innovative tier one instruments

GENPRU 2.2.113 R to GENPRU 2.2.121 R

Total tier one capital before deductions = A+B+C

(D)

Deductions from tier one capital

(E)

Investments in own shares

None

Intangible assets

GENPRU 2.2.155 R

Amounts deducted from technical provisions for discounting and other negative valuation differences

GENPRU 2.2.105 R to GENPRU 2.2.107 R

Total tier one capital after deductions = D-E

(F)

Upper tier two capital

(G)

Perpetual cumulative preference shares

GENPRU 2.2.159 R to GENPRU 2.2.181 R

Perpetual subordinated debt

See previous entry

Perpetual subordinated securities

See previous entry

Lower tier two capital

(H)

Fixed term preference shares

GENPRU 2.2.159 R to GENPRU 2.2.175 G; GENPRU 2.2.194 R to GENPRU 2.2.196 R

Long term subordinated debt

See previous entry

Fixed term subordinated securities

See previous entry

Total tier two capital = G+H

(I)

Positive adjustments for related undertakings

(J)

Related undertakings that are regulated related undertakings (other than insurance undertakings)

GENPRU 2.2.256 R

Total capital after positive adjustments for insurance undertakings but before deductions = F + I + J

(K)

Deductions from total capital

(L)

Inadmissible assets

GENPRU 2.2.250 R to GENPRU 2.2.251 R; GENPRU 2 Annex 7

Assets in excess of market risk and counterparty limits

INSPRU 2.1.22 R

Related undertakings that are ancillary services undertakings

GENPRU 2.2.255 R

Negative adjustments for Related undertakings that are regulated related undertakings (other than insurance undertakings)

GENPRU 2.2.256 R

Total capital after deductions = K - L

(M)

Other capital resources*

(N)

Unpaid share capital or, in the case of a mutual, unpaid initial funds and calls for supplementary contributions

GENPRU 2.2.266 G to GENPRU 2.2.269 G

Implicit items

GENPRU 2 Annex 8

Total capital resources after deductions = M + N

(O)

* Items in section (N) of the table can be included in capital resources if subject to a waiver under section 148 of the Act.

Note: Where the table refers to related text, it is necessary to refer to that text in order to understand fully what is included in the descriptions of capital items and deductions set out in the table.