28 AUGUST NEW ZEALAND GAZETTE 3071

qualify for the reporting exemption provided in paragraph 4. 16 (a) of FRS-33.

(2) Subject to paragraph (b) of this subclause, for the Interim Accounting Period the General Disclosure Statement shall contain or be accompanied by financial statements of the Registered Bank and the Banking Group prepared in accordance with the requirements of the Financial Reporting Act 1993 including, without limitation, section 13 of the Financial Reporting Act 1993, as if the Interim Accounting Period were an Accounting Period, and as though:

(i) the references in the Financial Reporting Act 1993 to a ‘group’ were to the Banking Group;

(ii) the Registered Bank and the Banking Group do not qualify for any exemptions pursuant to the Framework for Differential Reporting issued by the Institute of Chartered Accountants of New Zealand; and

(iii) the Registered Bank and the Banking Group do not qualify for the reporting exemption provided in paragraph 4. 16 (a) of FRS-33.

(b) Nothing in paragraph (a) of this subclause requires an auditor to state whether, to the auditor’s opinion, the financial statements referred to in that paragraph give a true and fair view of the matters to which they relate, provided that the General Disclosure Statement complies with clause 15 (2) of this Order.

(3) The General Disclosure Statement shall contain, where Material, the supplementary information for the Accounting Period or the Interim Accounting Period prescribed by Schedules 1 to 6 of this Order unless this information is included in the financial statements prepared in accordance with clauses 12 (1) or 12 (2) of this Order.

(4) The General Disclosure Statement shall contain, where Material, the supplementary information for the Accounting Period or the Interim Accounting Period prescribed by Schedules 7 to 8 of this Order unless this information is included in the financial statements prepared in accordance with clauses 12 (1) or 12 (2) of this Order.

13. Historical Summary of Financial Statements—(1) The General Disclosure Statement shall contain a historical summary of financial statements in respect of the Banking Group.

(2) The amounts in the historical summary of financial statements required to be disclosed pursuant to subclause (1) of this clause shall be amounts that appear in financial statements of the Banking Group giving a true and fair view of the results and state of affairs of the Banking Group for the period concerned, or, where no such statements have been prepared, amounts that would have appeared in such statements if they had been prepared.

(3) The amounts that appear in the historical summary of financial statements required to be disclosed pursuant to subclause (1) of this clause shall include the following:

(a) total interest revenue;

(b) total interest expense;

(c) total other revenue;

(d) total Impaired Asset expense;

(e) total other expenses;

(f) net profit or loss before taxation and extraordinary items;

(g) taxation;

(h) net profit or loss before extraordinary items;

(i) extraordinary items;

(j) net profit or loss after extraordinary items;

(k) minority interests;

(l) the amount paid or provided for dividends;

(m) profit or loss retained;

(n) total assets;

(o) total Impaired Assets;

(p) total liabilities;

(q) equity;

in the case of a Disclosure Statement prepared in respect of:

(r) an Accounting Period, for each of the five most recent consecutive Accounting Periods; or

(s) an Interim Accounting Period, for that Interim Accounting Period and each of the five most recent consecutive Accounting Periods.

(4) The General Disclosure Statement shall state whether the amounts required to be disclosed pursuant to subclause (3) of this clause have been taken from audited financial statements.

14. Members of Banking Group—The General Disclosure Statement shall state the name and nature of business of each member of the Banking Group other than the Registered Bank.

15. Auditor’s Report—(1) A General Disclosure Statement Published in respect of an Accounting Period shall contain a copy of a report by an auditor signed by that auditor, either in the auditor’s own name or the name of that auditor’s firm, that states, with respect to the financial statements and supplementary information prepared in accordance with clauses 12 (1), 12 (2), 12 (3) and 12 (4) of this Order:

(a) the work done by the auditor;

(b) the scope and limitations of the audit;

(c) the existence of any relationship (other than that of auditor) which the auditor has with, or interest the auditor has in, the Registered Bank and any of its Subsidiaries or in-substance subsidiaries;

(d) whether the auditor has obtained all the information and explanations that the auditor has required;

(e) whether, in the auditor’s opinion, as far as appears from an examination of them, proper accounting records have been kept by the Registered Bank and the Banking Group;

(f) whether, in the auditor’s opinion, the financial statements of the Registered Bank and the Banking Group comply with generally accepted accounting practice, and if they do not, the respects in which they fail to comply;

(g) where applicable, whether, in the auditor’s opinion, the supplementary information has been prepared in accordance with guidelines issued pursuant to section 78 (3) of the Act (if any) or any Conditions of Registration, and is in accordance with the books and records of the Registered Bank and the Banking Group;

(h) whether, in the auditor’s opinion, and having regard to any information or explanations that may have been added to the Registered Bank pursuant to sections 11 (2) and 14 (2) of the Financial Reporting Act 1993, the financial statements of the Registered Bank and the Banking Group give a true and fair view of the matters to which they relate and, if they do not, the respects in which they fail to give such a view;

(i) whether, in the auditor’s opinion, the supplementary information disclosed in accordance with clause 12 (3) of this Order gives a true and fair view of the matters to which it relates and, if it does not, the respects in which it fails to give such a view;

(j) whether, in the auditor’s opinion, the supplementary information disclosed in accordance with clause 12 (4)