CRR scope of application and own funds
The scope of consolidation of the Capital Group of Bank Millennium SA as determined in accordance with the prudential regulations (Regulation CRR) is the same as the scope of consolidation made for the preparation of consolidated financial statements prepared by the Group in accordance with IAS/IFRS. The Group did not make any exclusions of consolidated entities in comparison to IFRS financial statements, based on possibility provided by article 19.1 of the CRR.
Items non deducted from own funds
As at 31 December 2016 the Group did not make significant investments in financial sector entities, as mentioned in article 43 CRR.
In case of deferred tax assets, mentioned in article 38 CRR, their value constitutes 4.4% of adjusted Tier I and in consequence it is exempted from deductions in keeping with article 48 CRR. At the same time this amount was assigned a risk weight of 250% for purposes of calculation of capital requirements.