Country by Country Reporting
The Capital Requirements (Country-by-Country Reporting) Regulations 2013 introduced reporting obligations for institutions within the scope of the European Union's Capital Requirements Directive (CRD IV).
Article 89 of CRD IV requires credit institutions and investment firms in the EU to disclose annually, specifying, by Member State and by third country in which it has an establishment, the following information on a consolidated basis for the year ended 31 December 2016:
|Name||Type of entity||Nature of Activity||Location||Number of employees||Turnover||Pre-tax profit||Corporation tax paid||Public subsidies received|
|Saffron Building Society||Credit Institution||Deposit taking and mortgage lending||United Kingdom||178||£19,726,000||£1,231,000||£436,000||nil|
Turnover is derived from the Income statement as total net income.