Regulatory Alerts2022-12-27
Instructions for Filling Out Financial and Additional Reports of Factoring Companies
The Croatian Financial Services Supervisory Agency (HANFA) issued these Instructions to standardize the completion of financial and additional reports by factoring companies in compliance with the Rulebook on Financial and Additional Reports and International Financial Reporting Standards. The document mandates that all reports be prepared in EUR and provides detailed definitions for factoring transaction types, collateral adequacy, and reporting periods. It further specifies the exact structure, account group mappings, and line-item calculation rules for the Statement of Financial Position, Statement of Comprehensive Income, Statement of Cash Flows, and Statement of Changes in Equity, alongside thirteen supplementary portfolio and exposure reports.