6.5 Reporting financial figures (informative)
In Records RS02.01, RD01.01, RD02.01, RD03.01, SRS1 and SRD1, amounts are reported that have to be added or deducted from the revenue to calculate the net revenue. These amounts shall be given as positive numbers in the revenue reporting message if they are added to the revenue, and as negative numbers if they are subtracted from it. Hence, all additions are shown as positive numbers and all deductions as negative numbers, independent of the semantics of the Cell name. This means the amounts can simply be added together to get the net revenue, that is, revenue + (deductions/additions) = net revenue.
The following Cells in RS02.01, RD01.01, RD02.01, RD03.01 usually contain values that are deducted from the revenue and that are therefore negative numbers:
CollectingMlcCommission,PayingMlcCommissionCollectingMlcSocialCulturalDeduction,PayingMlcSocialCulturalDeductionCollectingMlcAdministrationCostDeduction,PayingMlcAdministrationCostDeductionCollectingMlcOtherDeduction,PayingMlcOtherDeductionCollectingMlcWithholdingTax,PayingMlcWithholdingTax
The following Cells in SRS1 and SRD1 usually contain values that are deducted from the revenue and that are therefore negative numbers:
CollectingMlcCommission,PayingMlcCommissionCollectingMlcSocialCulturalDeduction,PayingMlcSocialCulturalDeductionCollectingMlcAdministrationCostDeduction,PayingMlcAdministrationCostDeductionCollectingMlcOtherDeduction1etc.,PayingMlcOtherDeduction1etc.CollectingMlcInterestWithholdingTax,PayingMlcInterestWithholdingTaxCollectingMlcRoyaltyWithholdingTax,PayingMlcRoyaltyWithholdingTaxCollectingMlcOtherWithholdingTax,PayingMlcOtherWithholdingTax
If the above Cells do contain positive numbers, this represents an adjustment that will increase the revenue.
The following Cells in Records RS02.01, RD01.01, RD02.01, RD03.01, SRS1 and SRD1 usually contain values that are added to the revenue and that are therefore positive numbers:
CollectingMlcInterest,PayingMlcInterestCollectingMlcVAT,PayingMlcVAT
If the above Cells do contain negative numbers, this represents an adjustment that will decrease the revenue.
For example, a music licensing company that generated revenue of €1,000 and charges a 2% commission should provide the following information in the RD01 Record. The relevant currency would be provided in the CurrencyOfAccounting Cell of the relevant summary Record:
Cell Name | Value |
|---|---|
| 1000 |
| -20 |
As a consequence, the music licensing company would report €980 in the NetAmount Cell.
If the music licensing company wants to correct an earlier calculation in which too much commission, say €30 too much, was deducted, it can set the CollectingMlcOtherDeductions to be positive, meaning a positive adjustment:
Cell Name | Value |
|---|---|
| 1000 |
| -20 |
| 30 |
As a consequence, the music licensing company would report €1010 in the NetAmount Cell.
As a general rule across the entire standard the following principle shall be applied to all Cells that refer to optional numerical values:
In order to distinguish between a value zero and a value that is unknown, the value 0 shall indicate a known value of zero, whereas an empty Cell shall indicate that the value is unknown;
This applies, e.g., to
CollectingMlcWithholdingTaxandPayingMlcWithholdingTaxacross RecordsRS02.01,RD01.01,RD02.01, andRD03.01and toCollectingMlcInterestWithholdingTax,PayingMlcInterestWithholdingTax,CollectingMlcRoyaltyWithholdingTax,PayingMlcRoyaltyWithholdingTax,CollectingMlcOtherWithholdingTaxandPayingMlcOtherWithholdingTaxin RecordsSRS1andSRD1.