GENPRU 2 Annex 3 Capital resources table for a building society

Core tier one capital

(A)

3Deferred shares

GENPRU 2.2.108A R

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

GENPRU 2.2.85 R to 2.2.90

Externally verified interim net profits

GENPRU 2.2.102 R

3Hybrid capital

Stage B1

GENPRU 2.2.115A R to GENPRU 2.2.117B R

(B1)

Stage B2

GENPRU 2.2.115D R to GENPRU 2.2.117B R

(B2)

Stage C3

GENPRU 2.2.115F R to GENPRU 2.2.117B R3

(C)3

Total tier one capital before deductions = A + B1 + B2 + C3

(D)

Deductions from tier one capital

(E)

Investments in own shares

None

Intangible assets

GENPRU 2.2.155 R

Net losses on equities held in the available-for-sale financial asset category

GENPRU 2.2.185 R

(For certain limited purposes only certain additional deductions are made here)

GENPRU 2.2.239R (2) to GENPRU 2.2.239R (4)

Total tier one capital after deductions = D-E

(F)

Upper tier two capital

(G)

Perpetual subordinated debt

GENPRU 2.2.159 R to GENPRU 2.2.181 R

Perpetual subordinated securities

See previous entry

Revaluation reserves

GENPRU 2.2.185 R

General/collective provisions

GENPRU 2.2.187 R to GENPRU 2.2.189 R

Surplus provisions

GENPRU 2.2.190 R to GENPRU 2.2.193 R

Lower tier two capital

(H)

Long term subordinated debt

GENPRU 2.2.159 R to GENPRU 2.2.174 R; GENPRU 2.2.194 R to GENPRU 2.2.196 R

Fixed term subordinated securities

See previous entry

Total tier two capital = G+H

(I)

Deductions from tier two capital

(J)

(For certain limited purposes only certain additional deductions are made here)

GENPRU 2.2.239R (2) to GENPRU 2.2.239R (4)

Total tier two capital after deductions = I - J

(K)

Total tier one capital plus tier two capital = F+K

(L)

Deductions from the totals of tier one and two

(M)

Qualifying holdings

GENPRU 2.2.202 R to GENPRU 2.2.207 R

Material holdings

GENPRU 2.2.208 R to GENPRU 2.2.215 R

(Part 1 of stage M)

Expected loss amounts and other negative amounts

GENPRU 2.2.236 R

Securitisation positions

GENPRU 2.2.237 R

Reciprocal cross-holdings

GENPRU 2.2.217 R to GENPRU 2.2.220 R

(Part 2 of stage M)

Investments in subsidiary undertakings and participations excluding any amount which is already deducted as1 material holdings or qualifying holdings

GENPRU 2.2.216A G2

Total tier one capital plus tier two capital after deductions = L-M

(N)

In calculating whether a building society's capital resources exceed its capital resources requirement:

• the credit risk capital component, the operational risk capital requirement and the counterparty risk capital component; or
• the base capital resources requirement;

as the case may be, must be deducted here.

Upper tier three

(O)

Short term subordinated debt

GENPRU 2.2.241 R to GENPRU 2.2.245 R

Lower tier three

(P)

Net interim trading book profit and loss

GENPRU 2.2.246 R to GENPRU 2.2.249 R

Total tier three capital=O+P

(Q)

Total capital before deductions = N+Q

(R)

Deductions from total capital

(S)

Excess trading book position

GENPRU 2.2.263 R to GENPRU 2.2.265 R

Free deliveries

BIPRU 14.4

Total capital after deductions (R – S)

(T)

In calculating whether a building society's capital resources exceed its capital resources requirement, the market risk capital requirement and the concentration risk capital component must be deducted here.

Note (1): 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.

Note (2): If the amount calculated at:

• stage N less the deductions in respect of the capital resources requirement made immediately following stage N; or
• stage T less the deductions in respect of the capital resources requirement made immediately following stages N and T;

is a negative number the building society's capital resources are less than its capital resources requirement.