Regulations Governing the Preparation of Financial Reports by Insurance Enterprises｜第 11 條｜保險｜Regulation｜In Force
第 二 章/第 一 節｜金融監督管理委員會｜v1.0
Effective Date: 2026-01-01｜Last Amended: 2026-02-05
Equity items, their components, and information to be disclosed in the balance sheet are as follows: 1.Equity attributable to owners of the parent: (1) Share capital: A.Capital contributed by shareholders to an insurance enterprise and registered with the competent authority in charge of company registration, but excluding preferred shares in the nature of liabilities. B.For share capital, the classes, par value per share, the number of shares authorized, the number of shares issued and fully paid, a reconciliation of the number of shares outstanding at the beginning and at the end of the period, the rights, preferences and restrictions attaching to each class of share capital, shares of the insurance enterprise held by the insurance enterprise or by its subsidiaries or associates, shares reserved for issue (or for transfer or conversion) under options and contracts for the sale of shares, and special conditions shall be disclosed in the Notes. C.If convertible preferred shares or overseas depositary receipts are issued, the issuing area, issuance and conversion methods, converted amount, and special conditions shall be disclosed. (2) Capital surplus: A.It means the equity components of financial instruments issued by an insurance enterprise or premiums resulting from share capital transactions between an insurance enterprise and its owners, which typically includes premium in excess of the par value of the shares issued, treasury shares traded, donated surplus, and others arising as a result of regulatory provisions associated with these Regulations. B.Capital surpluses shall be presented separately according to their nature; if there is any restriction on their use, the restriction shall be disclosed in the Notes. (3)Retained earnings (or accumulated deficit): Equity resulting from operating activities, including legal reserves, special reserves, and undistributed earnings (or deficit to be offset). A.Legal reserve: A fixed-percentage reserve to be appropriated in accordance with the Act and the Company Act. B.Special reserve: A reserve appropriated from earnings in accordance with the Act, Regulations Governing the setting aside of various Reserves by Insurance Enterprises, Regulations Governing Financial and Business Operations of Professional Reinsurance Enterprises, as well as relevant regulations, contracts, or articles of incorporation, or as resolved at the shareholders meetings. C.Undistributed earnings (or deficit to be offset): Undistributed and unappropriated earnings ("deficit to be offset" is deficit not yet offset). D.An earnings distribution or deficit offset shall not be accounted for unless and until approved by a shareholders meeting. However, an earnings distribution or deficit offset proposed before the financial reporting date shall be disclosed in the Notes for the period. (4)Other equity: It includes the accumulated balances of exchange differences resulting from translating the financial statements of a foreign operation, of gain or loss from financial assets measured at fair value through other comprehensive income, of gain and loss on hedging instruments, of revaluation surplus, insurance finance income or expenses recognized in other comprehensive income, and finance income or expenses from reinsurance contracts held recognized in other comprehensive income. (5)Treasury shares: Treasury shares shall be accounted for using the cost method and presented as a deduction from equity. The number of shares shall be noted. 2. Non-controlling interest: (1)It means the equity in a subsidiary not attributable, directly or indirectly, to a parent. (2)For each business combination, the components of non-controlling interest in the acquiree shall be measured in accordance with IFRS 3. (3)An insurance enterprise shall disclose information on any subsidiary in which it has a non-controlling interest of materiality and on the non-controlling interest in accordance with IFRS 12. An insurance enterprise may elect to recognize the remeasurements of defined benefit plans in retained earnings or other equity, and disclose the accounting policy in the Notes. Remeasurements of defined benefit plans that have been recognized in other equity may not be reclassified into profit or loss or transferred into retained earnings in a subsequent period.