17 NOVEMBER
NEW ZEALAND GAZETTE
4415

and Liabilities—(1) The nature and face or contract amount of each Class of unrecognised assets or liabilities.
(2) The nature, and where quantifiable, the amount of each Class of unrecognised assets and liabilities arising from contracts for which there is no face or contract amount.
(3) Where within any of the Classes of unrecognised items disclosed pursuant to clauses 6(1) and 6(2) of this Schedule, unrecognised assets and liabilities are held for more than one purpose, such as trading, liquidity, investment, hedging, or providing financing, risk management, or other services to customers:
(a) a description of each purpose for which the unrecognised assets or liabilities are held, and the amount of unrecognised assets or liabilities held for that purpose; and
(b) the method used to value each amount disclosed pursuant to clause 6(3)(a) of this Schedule.
7. Accounting Policies—(1) Accounting policies followed for Financial Instruments with respect to the basis for recognising revenues and expenses (including gains and losses), including:
(a) interest revenue and expense, and policies on inter-period allocations of interest revenue and expense;
(b) fee revenue and expenses, distinguishing between yield related and non yield related items, and policies in relation to inter-period allocations;
(c) recognising gains or losses on Investment Securities and Other Securities.
(2) Accounting policies followed for recognising Financial Instruments in the financial reports or for treating Financial Instruments as unrecognised items, including:
(a) the classification and measurement of Investment Securities and Other Securities;
(b) accounting for Financial Instruments which are used for hedging purposes;
(c) accounting for leases, foreign exchange contracts and derivative instruments such as options, futures, and swaps;
(d) accounting for sale and repurchase agreements, reverse sale and repurchase agreements or their option derivatives;
(e) accounting for acceptances and endorsements of bills of exchange;
(f) accounting for loan transfers and the securitisation of Financial Assets.
(3) Accounting policies followed for Financial Instruments with respect to the basis of valuation.
(4) Accounting policies followed for Commodity Instruments, with respect to:
(a) the basis for recognising revenues and expenses (including gains and losses);
(b) the basis for recognising Commodity Instruments in the financial reports or for treating Commodity Instruments as unrecognised items;
(c) the basis of valuation.
(5) Policies for accounting for Impaired Assets, including criteria used to classify those assets, and policies for recognising and determining their carrying amounts in the statement of financial position.
(6) Accounting policies for determining Specific Provisions and General Provisions for both recognised and unrecognised assets, and the basis on which those provisions are recognised in the financial statements, including whether Specific Provisions are based on an identification on a Counterparty by Counterparty basis,

estimation in relation to a Class of assets, or some other basis.
(7) Policies for accounting for the recognition of revenue or principal payments received, and policies for accounting for revenue due but not received, in respect of each Class of Impaired Assets.
(8) Accounting policies for the valuation of investments in Subsidiaries, in-substance subsidiaries and associates.
(9) Accounting policies for funds under management.

Risk Concentrations

8. The General Disclosure Statement shall contain, in respect of the Registered Bank and the Banking Group, as at the Balance Date, the information required to be disclosed pursuant to clauses 11 and 12 of this Schedule.
9. The information required to be disclosed pursuant to clauses 11 and 12 of this Schedule shall include comparative figures for the previous corresponding period.
10. For the purposes of disclosing Credit Exposure information pursuant to clause 11 of this Schedule, where applicable Credit Exposures shall be calculated on the basis of credit equivalent amounts determined in accordance with the Reserve Bank document entitled “Capital Adequacy Framework” (BS2), as amended from time to time.
11. Concentrations of Credit Exposures—A statement of the amount of any significant concentration of Credit Exposures including:
    (a) customers’ industry or economic sectors;
    (b) geographical areas, showing, where applicable, the following categories separately:
    (i) Credit Exposure concentrations within New Zealand;
    (ii) Credit Exposure concentrations to other countries separately disclosing the amount of Credit Exposure to each country in respect of which there is a significant concentration of Credit Exposure.
12. Concentrations of Funding—A statement of the amount of any significant concentration of funding including:
    (a) sources of funding by category of product;
    (b) sources of funding by category of Counterparty;
    (c) geographical areas, showing, where applicable, the following categories separately:
    (i) funding concentrations from within New Zealand;
    (ii) funding concentrations from other countries, separately disclosing the amount of funding from each country in respect of which there is a significant concentration of funding.

Asset Quality

13. The information required to be disclosed pursuant to clauses 14(a) and 14(b) of this Schedule shall include comparative figures for the previous corresponding period.
14. The General Disclosure Statement shall contain, in respect of the Banking Group as at the Balance Date, the following information:
    (a) in respect of each of the following Classes of assets:
    (i) Non-Accrual Assets;
    (ii) Restructured Assets;
    (iii) Real Estate Assets Acquired Through the Enforcement of Security;
    (iv) Other Assets Acquired Through the Enforcement of Security; and
    (v) Past Due Assets;
    the following information: