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NEW ZEALAND GAZETTE, No. 21

23 FEBRUARY 2007

(a) subclause 12(1)(c) and subclause 12(2)(a)(iii) of this clause shall be interpreted to relate to the reporting exemption
provided by paragraph 2.1(e) of NZ IAS 30 or by paragraph (a) of the definition of "financial institution" in
paragraph E23 of NZ IFRS 7, as applicable;

(b) where there is any differential reporting framework which applies to entities adopting NZ IASs and NZ IFRSs, then
subclause 12(1)(b) and subclause 12(2)(a)(ii) shall be interpreted to relate to that differential reporting framework;

(c) the financial statements of the Registered Bank and Banking Group shall be presented in New Zealand dollars.

(3) The General Disclosure Statement shall contain 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), 12(2) or 12(2A) of this Order.

(4) The General Disclosure Statement shall contain 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), 12(2) or 12(2A) 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.

14A. Insurance Business—

The General Disclosure Statement shall state whether the Banking Group conducts any Insurance Business, and if so, contain the following information:

(1) the aggregate amount of Insurance Business, where the amount so disclosed is calculated in accordance with the
Registered Bank’s Conditions of Registration;

(2) an explanation as to how the Banking Group manages its Insurance Business, including information on whether:

(a) any Insurance Business is conducted in special purpose subsidiaries whose business activities predominantly
comprise Insurance Business, and if so, the name of each of those subsidiaries, and a description of the Insurance
Business conducted in each subsidiary; and

(b) in relation to any other member of the Banking Group, any Insurance Business is accounted for in its statement of
financial position, and if so:

(i) the name of that member;
(ii) whether the assets relating to that member’s Insurance Business are managed and accounted for as separate
funds;
(iii) a description of the Insurance Business conducted by that member;

(3) comparatives for the previous corresponding period for the information required to be disclosed pursuant to subclause 14A(1).

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