Rulebook on the Structure and Content and Method and Deadlines for Submission of Financial and Additional Reports of Leasing Companies

(Unofficial Consolidated Text - Official Gazette No. 41/16, 132/17, and 142/22)

The Rulebook on Amendments and Supplements to the Rulebook on the Structure and Content and Method and Deadlines for Submission of Financial and Additional Reports of Leasing Companies (Official Gazette No. 142/22) entered into force and applies from December 15, 2022, while the provision of Article 4 of the Rulebook applies from January 1, 2023.

Rulebook on the Structure and Content and Method and Deadlines for Submission of Financial and Additional Reports of Leasing Companies – Unofficial Consolidated Text (Official Gazette No. 41/16, 132/17, and 142/22)

Introductory Provisions

Article 1. (1) This Rulebook prescribes the structure and content of financial reports as well as additional reports by which a leasing company reports to the Croatian Financial Services Supervisory Agency (hereinafter: the Agency) and other users regarding the financial position, financial performance, cash flows, and other information on transactions material for the performance of supervision, as well as publication, and the method and deadlines for submission and reporting to the Agency. (2) The provisions of this Rulebook, in accordance with the provision of Article 73, paragraph 4 of the Leasing Act, apply mutatis mutandis to branches of leasing companies from other European Union member states as well as branches of leasing companies from third countries.

Article 2. (1) A leasing company is obliged to maintain business books, prepare accounting documents, value assets and liabilities, and prepare financial reports in accordance with the Leasing Act, while observing accounting and financial standards and principles as well as general accounting assumptions. (2) A leasing company is obliged to record business events in its business books using accounts at least to the extent prescribed by the chart of accounts.

Article 3. The integral parts of this Rulebook are:

1. financial reports of leasing companies,
2. additional reports of leasing companies.

Structure and Content of Financial Reports

Article 4. (1) Financial reports consist of:

1. Statement of Financial Position (FP),
2. Statement of Comprehensive Income (SD),
3. Statement of Cash Flows (NT),
4. Statement of Changes in Equity (PK),
5. Notes to the Financial Reports.

(2) The content and structure of financial reports are prescribed by the forms in Annex 1, which form an integral part of this Rulebook. (3) Notes to the financial reports from paragraph 1, item 5 of this Article are prepared in accordance with the provisions of International Financial Reporting Standards.

Structure and Content of Additional Reports

Article 5. (1) Additional reports consist of:

1. Report on Portfolio Structure – Operating Leasing (SP-OL),
2. Report on Portfolio Structure – Financial Leasing (SP-FL),
3. Report on Portfolio Structure – Loans (SP-Z),
4. Report on Changes in Allowance for Impairment (IV),
5. Report on Net Book Value of Assets in Operating Leasing (NKV-OL),
6. Report on Age Structure of Overdue Financial Assets (SFI),
7. Report on Currency Structure of Assets and Liabilities (VS-IO),
8. Report on Maturity Structure of Assets and Liabilities (RS-IO),
9. Report on Minimum Lease Payments (MP),
10. Report on Acquired Assets (PI),
11. Report on Objects Leased and Rented (Z-N),
12. Report on Large Exposures (VI),
13. Report on Creditors (KR),
14. Report on Portfolio Quality (KP).

(2) The content and structure of additional reports are prescribed by the forms in Annex 2, which form an integral part of this Rulebook.

Preparation of Financial and Additional Reports

Article 6. (1) A leasing company prepares annual and quarterly financial and additional reports. (2) The method of filling out financial and additional reports is prescribed by the Agency in the instruction for filling out financial and additional reports. (3) For the business year period with a balance sheet date of December 31, the leasing company prepares annual financial reports from Article 4, paragraph 1, and annual additional reports from Article 5, paragraph 1 of this Rulebook. (4) Annual financial reports must be audited by an independent authorized auditor. (5) For quarterly periods with balance sheet dates of March 31, June 30, September 30, and December 31 of the current year, the leasing company prepares quarterly financial reports from Article 4, paragraph 1, items 1 and 2, and quarterly additional reports from Article 5, paragraph 1, items 1, 2, 3, 4, 10, and 14 of this Rulebook.

Deadlines and Method of Submission of Reports

Article 7. (1) A leasing company is obliged to submit annual financial reports from Article 4, paragraph 1, and annual additional reports from Article 5, paragraph 1 of this Rulebook for the current business year to the Agency no later than April 30 of the following year. (2) A leasing company is obliged to submit quarterly financial reports from Article 4, paragraph 1, items 1 and 2, and quarterly additional reports from Article 5, paragraph 1, items 1, 2, 3, 4, 10, and 14 of this Rulebook to the Agency: – with a balance sheet date of March 31 of the current year no later than April 30 of the current year, – with a balance sheet date of June 30 of the current year no later than July 31 of the current year, – with a balance sheet date of September 30 of the current year no later than October 31 of the current year, – with a balance sheet date of December 31 of the current year no later than January 31 of the following year.

Article 8. (1) Leasing companies are obliged to submit financial and additional reports within the deadlines specified in Article 7 of this Rulebook in accordance with the Agency's technical instruction. (2) It is considered that a leasing company has submitted the reports from paragraph 1 of this Article at the moment when the report is accepted on the Agency's server for receiving reports. (3) In justified cases of inability to submit in the manner prescribed by paragraph 1 of this Article, the leasing company is obliged to submit reports in written form, directly or by mail, for the purpose of timely reporting. The leasing company is obliged to submit reports in the manner prescribed by paragraph 1 of this Article as soon as the reasons for inability to submit cease, and no later than within 8 days from the expiration of the deadline for submission of reports. (4) Exceptionally, leasing companies are obliged to submit Notes to the Financial Reports from Article 4, paragraph 1, item 5 of this Rulebook together with audited annual financial reports in the manner and within the deadlines prescribed by Article 74, paragraph 2 of the Leasing Act ("Official Gazette" No. 141/13).

Publication of Financial Reports

Article 9. (1) A leasing company is obliged to publish audited annual financial reports on its website within six months from the end of the year to which these reports relate. (2) A leasing company is obliged to have published on its website financial reports from paragraph 1 of this Article for at least the last 5 business years or shorter if the leasing company has been operating for less than 5 years.

Final Provisions

Article 10. (1) With the entry into force of this Rulebook, the Rulebook on the Structure and Content of Financial and Method and Deadlines for Submission of Financial and Additional Reports of Leasing Companies ("Official Gazette" No. 60/14) ceases to be valid. (2) This Rulebook enters into force on the eighth day from the date of publication in the "Official Gazette".

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ANNEX 1. Financial Reports of Leasing Companies

1. Statement of Financial Position - (FP)

Position Code	Sum Elements	Position Description	Previous Year	Current Year
1	2+3+15+21+24	LONG-TERM ASSETS	0.00	0.00
2		INTANGIBLE ASSETS
3	4+5+13+14	TANGIBLE ASSETS	0.00	0.00
4		Tangible assets in preparation (investments in progress)
5	6+…+12	Tangible assets leased in operating lease	0.00	0.00
6		Real estate
7		Passenger vehicles
8		Commercial vehicles
9		Vessels
10		Aircraft
11		Plants, machinery, transport equipment and equipment
12		Other
13		Other tangible assets
14		Assets leased and rented
15	16+…+20	LONG-TERM FINANCIAL ASSETS	0.00	0.00
16		Investments in subsidiaries, associates and joint ventures
17		Investments in long-term securities
18		Long-term loans granted
19		Long-term deposits granted
20		Other long-term financial assets
21	22+23	LONG-TERM RECEIVABLES	0.00	0.00
22		Receivables from financial leasing
23		Other long-term receivables
24		DEFERRED TAX ASSETS
25	26+27+32+38	CURRENT ASSETS	0.00	0.00
26		INVENTORIES
27	28+…+31	CURRENT RECEIVABLES	0.00	0.00
28		Receivables from operating leasing
29		Receivables from financial leasing
30		Receivables from the state and other institutions
31		Other current receivables
32	33+…+37	CURRENT FINANCIAL ASSETS	0.00	0.00
33		Investments in subsidiaries, associates and joint ventures
34		Investments in short-term securities
35		Short-term loans granted
36		Short-term deposits granted
37		Other current financial assets
38		CASH AT BANK AND IN HAND
39		PREPAID EXPENSES OF FUTURE PERIODS AND UNCOLLECTED REVENUE
40	1+25+39	TOTAL ASSETS	0.00	0.00
41		Off-balance sheet assets
42	43+45+…+48	EQUITY AND RESERVES	0.00	0.00
43		Share capital
44		Of which owned by non-residents
45		Other reserves
46		Capital reserves
47		Retained earnings/accumulated losses
48		Profit/loss for the current year
49		PROVISIONS
50	51+…+57	LONG-TERM LIABILITIES	0.00	0.00
51		Liabilities for long-term credits and loans from foreign banks and financial institutions
52		Liabilities for long-term credits and loans from domestic banks and financial institutions
53		Liabilities for leasing advances
54		Liabilities for deposits and guarantees from leasing
55		Liabilities for issued securities
56		Other long-term liabilities
57		Deferred tax liabilities
58	59+…+64	SHORT-TERM LIABILITIES	0.00	0.00
59		Liabilities for credits and loans from foreign banks and financial institutions
60		Liabilities for credits and loans from domestic banks and financial institutions
61		Liabilities for short-term securities
62		Liabilities for leasing advances
63		Liabilities for deposits and guarantees from leasing
64		Other short-term liabilities
65		DEFERRED INCOME AND REVENUE OF FUTURE PERIODS
66	42+49+50+58+65	TOTAL LIABILITIES AND EQUITY	0.00	0.00
67		Off-balance sheet liabilities
68	69 + 70	EQUITY AND RESERVES
69		Attributable to owners of the parent
70		Attributable to non-controlling interests

2. Statement of Comprehensive Income - (SD)

Position Code	Sum Elements	Position Description	Previous Year	Current Year
1	2+3+4	INTEREST INCOME	0.00	0.00
2		Interest income - financial leasing
3		Interest income - loans granted
4		Other interest income
5	6+7+8	INTEREST EXPENSE	0.00	0.00
6		Interest expense for credits received from domestic banks and financial institutions
7		Interest expense for credits received from foreign banks and financial institutions
8		Other interest expense
9	1-5	NET INTEREST INCOME	0.00	0.00
10		COMMISSION AND FEE INCOME
11		COMMISSION AND FEE EXPENSE
12	10-11	NET COMMISSION AND FEE INCOME	0.00	0.00
13	14+…+19	OTHER OPERATING INCOME	0.00	0.00
14		Income realized from operating leasing
15		Profit from sale of assets - operating leasing
16		Profit from sale of assets - financial leasing
17		Profit from reimbursable costs related to leasing
18		Profit from exchange rate differences
19		Other income
20	21+…+29	OTHER OPERATING EXPENSE	0.00	0.00
21		Loss from sale of assets - operating leasing
22		Loss from sale of assets - financial leasing
23		Loss from reimbursable costs related to leasing
24		Loss from exchange rate differences
25		Depreciation expense of assets in operating leasing
26		Depreciation expense of other assets
27		Personnel costs
28		General and administrative operating expenses
29		Other expenses
30	13-20	NET INCOME FROM OTHER OPERATING INCOME AND EXPENSE	0.00	0.00
31	9+12+30	PROFIT/LOSS BEFORE IMPAIRMENT LOSSES	0.00	0.00
32		Impairment losses expense (value adjustment costs)
33	31-32	PROFIT/LOSS BEFORE INCOME TAX	0.00	0.00
34		Income tax
35	33-34	PROFIT/LOSS AFTER INCOME TAX	0.00	0.00
36		Attributable to owners of the parent
37		Attributable to non-controlling interests
38	39+…+43-44	OTHER COMPREHENSIVE INCOME	0.00	0.00
39		Change in revaluation reserves (real estate, plants, equipment and intangible assets)
40		Unrealized gains/losses on financial assets at fair value through other comprehensive income
41		Gains/losses from cash flow hedging instruments
42		Actuarial gains/losses on defined benefit pension plans
43		Gains/losses arising from translating financial reports of foreign operations
44		Income tax on other comprehensive income
45	35+38	TOTAL COMPREHENSIVE INCOME	0.00	0.00
46		Attributable to owners of the parent
47		Attributable to non-controlling interests
48		Reclassification adjustments

3. Statement of Cash Flows (NT)

Position Code	Sum Elements	Position Description	Previous Year	Current Year
1		Operating Activities
2		Profit/loss for the current year
3	4+…+12	Adjustments for:	0.00	0.00
4		Income/expense from sale of leased assets
5		Depreciation of leased assets
6		Net accrued exchange rate differences
7		Gains/losses from impairment from leasing and loans granted
8		Tangible assets acquired in exchange for uncollected receivables under financial leasing and loan agreements
9		Income/expense from sale of other long-term assets
10		Depreciation of other long-term assets
11		Provisions for bonuses and pension plans
12		Other provisions and value adjustments that do not have cash flow
13		Increase/decrease in receivables from operating leasing
14		Increase/decrease in receivables from financial leasing
15		Increase/decrease in receivables from loans granted
16		Increase/decrease in receivables from advances for leased assets
17		Increase/decrease in receivables from sale of assets from leasing
18		Increase/decrease in receivables from relations with insurance companies for premiums, claims, annuities and other insurance policies
19		Increase/decrease in inventories
20		Increase/decrease in liabilities for purchase of assets for leasing
21		Increase/decrease in liabilities from received advances, deposits and guarantees from leasing
22		Increase/decrease in liabilities from relations with insurance companies for premiums, claims, annuities and other insurance policies
23		Increase/decrease in receivables from the state and other institutions, receivables from employees and other receivables
24		Increase/decrease in liabilities for taxes, contributions and other fees, and salaries, wages and allowances to employees
25		Increase/decrease in other operating receivables
26		Increase/decrease in other operating liabilities
27	2+3+13+…+26	Net Cash Flow from Operating Activities	0.00	0.00
28		Investing Activities
29		Increase/decrease in investment in long-term tangible assets in operating leasing
30		Increase/decrease in investment in long-term assets (other tangible assets)
31		Increase/decrease in investment in financial assets
32		Receipts from sale of other tangible assets
33		Increase/decrease in investments in subsidiaries, associates and joint ventures
34		Increase/decrease based on other investing activities
35	29+…+34	Net Cash Flow from Investing Activities	0.00	0.00
36		Financing Activities
37		Increase/decrease in share capital
38		Increase/decrease in liabilities from received loans and credits
39		Dividends paid/distribution of profit shares
40		Increase/decrease based on other financing activities
41	37+...+40	Net Cash Flow from Financing Activities	0.00	0.00
42	27+35+41	Net Increase/Decrease in Cash	0.00	0.00
43		Cash and cash equivalents at the beginning of the period
44		Cash and cash equivalents at the end of the period

4. Statement of Changes in Equity (PK)

Position Code	Sum Elements	Position Description	Attributable to Owners of Parent	Non-controlling Interest	Total Equity and Reserves	Share Capital	Other Reserves	Capital Reserves	Retained Earnings/Accumulated Losses	Profit/Loss for Current Year
1		Balance at January 1 of previous period	0.00
2		Changes in accounting policies and correction of errors	0.00
3	1+2	Restated balance at January 1 of previous period	0.00
4	5+6	Comprehensive income or loss of previous period	0.00
5		Profit/loss for the period	0.00
6	7+8+9	Other comprehensive income	0.00
7		Change in revaluation reserves (real estate, plants, equipment and intangible assets)	0.00
8		Unrealized gains/losses on financial assets at fair value through other comprehensive income	0.00
9		Other non-owner changes in equity	0.00
10	11+12+13	Transactions with owners (previous period)	0.00
11		Increase/decrease in share capital	0.00
12		Distribution of profit shares/dividends	0.00
13		Other distributions to owners	0.00
14	3+4+10	Balance at December 31 of previous period	0.00
15		Changes in accounting policies and correction of errors	0.00
16	14+15	Restated balance at December 31 of previous period	0.00
17	18+19	Comprehensive income or loss of current period	0.00
18		Profit/loss for the period	0.00
19	20+21+22	Other comprehensive income	0.00
20		Change in revaluation reserves (real estate, plants, equipment and intangible assets)	0.00
21		Unrealized gains/losses on financial assets at fair value through other comprehensive income	0.00
22		Other non-owner changes in equity	0.00
23	24+25+26	Transactions with owners (current period)	0.00
24		Increase/decrease in share capital	0.00
25		Distribution of profit shares/dividends	0.00
26		Other distributions to owners	0.00
27	16+17+23	Balance at December 31 of current period	0.00

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ANNEX 2. Additional Reports of Leasing Companies

1. Report on Portfolio Structure – Operating Leasing (SP-OL)

Position Code	Sum Elements	Position Description	Operating Leasing: New Contracts Concluded in Reporting Period	Portfolio on Date
			Number of New Contracts	Contracted Value
			Previous Year	Current Year
1	2+…+8	By Leasing Object	0.00	0.00
2		Real estate
3		Passenger vehicles
4		Commercial vehicles
5		Vessels
6		Aircraft
7		Plants, machinery, transport equipment and equipment
8		Other
9	10+…+12	By Original Maturity	0.00	0.00
10		Up to 1 year
11		Over 1 to 5 years
12		Over 5 years
13	14+…+19	By Sectors	0.00	0.00
14		Non-financial institutions (trading companies)
15		Financial institutions
16		State units
17		Non-profit institutions
18		Population (households)
19		Non-residents
20	21+…+31	By Activity of Lessee	0.00	0.00
21		Agriculture, forestry and fishing
22		Manufacturing, mining and quarrying and other industries
23		Construction
24		Wholesale and retail trade, transport and storage, accommodation, food preparation and catering
25		Information and communications
26		Financial activities and insurance activities
27		Real estate business
28		Professional, scientific, technical, administrative and auxiliary service activities
29		Public administration and defense, education, health care and social care activities
30		Other service activities
31		Population (households)

2. Report on Portfolio Structure – Financial Leasing (SP-FL)

Position Code	Sum Elements	Position Description	Financial Leasing: New Contracts Concluded in Reporting Period	Portfolio on Date
			Number of New Contracts	Financed Contract Value
			Previous Year	Current Year
1	2+…+8	By Leasing Object	0.00	0.00
2		Real estate
3		Passenger vehicles
4		Commercial vehicles
5		Vessels
6		Aircraft
7		Plants, machinery, transport equipment and equipment
8		Other
9	10+…+12	By Original Maturity	0.00	0.00
10		Up to 1 year
11		Over 1 to 5 years
12		Over 5 years
13	14+…+19	By Sectors	0.00	0.00
14		Non-financial institutions (trading companies)
15		Financial institutions
16		State units
17		Non-profit institutions
18		Population (households)
19		Non-residents
20	21+…+31	By Activity of Lessee	0.00	0.00
21		Agriculture, forestry and fishing
22		Manufacturing, mining and quarrying and other industries
23		Construction
24		Wholesale and retail trade, transport and storage, accommodation, food preparation and catering
25		Information and communications
26		Financial activities and insurance activities
27		Real estate business
28		Professional, scientific, technical, administrative and auxiliary service activities
29		Public administration and defense, education, health care and social care activities
30		Other service activities
31		Population (households)

3. Report on Portfolio Structure – Loans (SP-Z)

Position Code	Sum Elements	Position Description	Loans: Portfolio on Date
			Number of Contracts
			Previous Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100

(Note: The provided text ends abruptly at the header for the Loans report. The full table structure for Loans follows the pattern of the previous reports but is incomplete in the source text.)