The standard layout & does not exist

What causes this issue?

The standard layout &v1& which is assigned to report &v2&, does not
exist in the current client. Possible causes of the error: The report
was imported from another client or from a different system without
dependent objects.

System Response

The function cannot be executed.

How to fix this error?

Import the report once again with the dependent objects
(<DS:TRAN.GR39> import report </>). If the error still occurs, contact
the SAP Hotline and send this long text as well as detailed information
describing the circumstances in which this error occurred.

Error message extract from SAP system. Copyright SAP SE.