11 FEBRUARY 2005

NEW ZEALAND GAZETTE, No. 35

945

(viii) the aggregate amount of Specific Provisions or provisions for diminution in asset value;
(ix) the aggregate amount of General Provisions (if any);
(b) the amount of interest revenue foregone over the Accounting Period or Interim Accounting Period in respect of
holdings of Non-Accrual Assets and, holdings of Restructured Assets and Past Due Assets;
(c) the basis on which the amounts disclosed pursuant to clause 6 (b) of this Schedule have been calculated;
(d) information on movements in pre-provision balances over the Accounting Period or Interim Accounting Period for
each of the classes of assets set out in subparagraphs (i) to (va) of clause 6 (a) of this Schedule, separately
disclosing:
(i) pre-provision opening balance;
(ii) additions;
(iii) amounts written-off;
(iv) deletions;
(v) pre-provision closing balance;
(e) information on movements in the balances of total Specific Provisions or provisions for diminution in asset value
over the Accounting Period or Interim Accounting Period, for each of the classes of assets set out in subparagraphs
(i) to (va) of clause 6 (a) of this Schedule, separately disclosing:
(i) opening balance;
(ii) charge (credit) to the statement of financial performance for increase/decrease in Specific Provisions or
provisions for diminution in asset value;
(iii) amounts written off;
(iv) write-downs of Assets Acquired Through the Enforcement of Security;
(v) recoveries of provisions and write-offs charged in previous periods;
(vi) other movements, and the nature thereof;
(vii) closing balance;
with movements reconciled to the charges allocated to the statement of financial performance; and
(f) information on movements in the balance of the General Provision over the Accounting Period or Interim
Accounting Period, separately disclosing:
(i) opening balance;
(ii) charge (credit) to statement of financial performance for increase/decrease in the General Provision;
(iii) other movements, and the nature thereof;
(iv) closing balance;
with movements reconciled to the charges allocated to the statement of financial performance.

Voluntary Adoption of NZ IASs and NZ IFRSs

7. The information required to be disclosed pursuant to subclauses 8 (a) and (c) of this Schedule shall include comparative
   figures for the previous corresponding period.

8. Where a Registered Bank voluntarily adopts NZ IASs and NZ IFRSs over the period from 1 January 2005 to 31
   December 2006 (both inclusive), the General Disclosure Statement shall contain, in respect of the Registered Bank and
   Banking Group:

(a) in terms of the provisions of NZ IAS 24, information on:
(i) the nature and amount (or amount of outstanding balances, as applicable), of each type of related party
transaction set out in NZ IAS 24;
(ii) the nature and recorded value (or the total of outstanding balances, as applicable), of each of the following
types of related party transactions:
(A) management contracts;
(B) agency relationships;
(C) taxation grouping arrangements;
(D) debts or other amounts owing which have been forgiven over the reporting period;
(E) transactions which have taken place at nil or nominal value, including a brief description of those
transactions and a statement that no or nominal charge has been made.
The disclosures required by this subclause 8 (a) are subject to a Materiality criterion;

(b) the information that is required to be disclosed in accordance with paragraphs 6.4, 6.8, 6.9, 6.10, and 6.13 of
FRS-37: Consolidating Investments in Subsidiaries;

(c) where included in the income statement:
(i) the net gain or loss attributable to derivatives used for hedging purposes that do not qualify as designated and
effective hedging instruments in terms of the provisions of NZ IAS 39;
(ii) the net amount relating to the ineffective portion of any hedging activities that qualify for hedge accounting in
terms of the provisions of NZ IAS 39;
(iii) the net gain or loss on financial assets, other than on financial assets held for trading, designated as at fair
value through profit or loss in terms of the provisions of NZ IAS 39;
(iv) the net gain or loss on financial liabilities, other than on financial liabilities held for trading, designated as at
fair value through profit or loss in terms of the provisions of NZ IAS 39.
The disclosures required by this subclause 8 (c) are subject to a Materiality criterion;

(d) where risk attaches to monetary assets and monetary liabilities set-off in accordance with NZ IAS 32: