23 FEBRUARY 2007

NEW ZEALAND GAZETTE, No. 21

453

(2) Where a General Short Form Disclosure Statement states that a person or persons have entered into any Material cross guaranteeing arrangements with the Registered Bank, the Supplemental Disclosure Statement shall contain a copy of the full guarantee contract if:

(a) there is a single contract which sets out the rights and obligations of all the cross guarantors; or

(b) there is a standard contract which is representative of the rights and obligations of each of the cross guarantors;

unless this information is already contained within the General Short Form Disclosure Statement.

15. Conditions of Registration—The Supplemental Disclosure Statement shall contain a copy of the Conditions of Registration which are applicable as at the date on which the signing of the Short Form Disclosure Statement, for or on behalf of all Directors is completed, and state the date as from which such Conditions of Registration apply, unless this information is already contained within the General Short Form Disclosure Statement.

16. Bilateral Netting Agreements—Where a General Short Form Disclosure Statement states that a Registered Bank has calculated its aggregate Credit Exposure to Connected Persons on a net basis, the Supplemental Disclosure Statement shall contain a copy of the bilateral netting agreement, and as applicable, a copy of the advice from an independent third party expert validating the robustness of that agreement, unless this information is already contained within the General Short Form Disclosure Statement.

DIANE MORCOM, Clerk of the Executive Council.

First Schedule

Short Form Financial Statements

1. The information required to be disclosed pursuant to clause 3 of this Schedule shall be presented in New Zealand dollars, and shall include comparative figures for the previous corresponding period.

2. The General Short Form Disclosure Statement shall contain a statement as to whether there have been any changes in accounting policies since the Publication Date of the previous Disclosure Statement, and, if so, a summary of those changes.

3. The General Short Form Disclosure Statement shall contain the following financial information for the Banking Group, in such format as the Registered Bank determines, for the First Quarter Accounting Period or Third Quarter Accounting Period, or as at the Off-Quarter Balance Date, as the case may be.

Financial Performance

1. Interest revenue
2. Interest expense
3. Net interest income
4. Net trading gains/losses
5. Other operating revenue
6. Other operating expenses
7. Impaired asset expense
8. Operating profit/(loss) before tax
9. Taxation expense/(credit)
10. Operating profit/(loss) after tax
11. Income from associates accounted for on the basis of the equity method (net of tax)
12. Minority interests
13. Net profit/(loss) after tax
14. Extraordinary items (and nature thereof)
15. Net profit/(loss) after tax and extraordinary items
16. Dividend expense for each category of ordinary capital
17. Other adjustments to current period’s net profit/(loss)
18. Retained profit/(loss)

Financial Position

Assets

1. Cash and demand balances with central banks
2. Balances with other financial institutions which may be withdrawn without prior notice
3. Other securities eligible for refinancing by central banks
4. Other securities held for liquidity and other purposes
5. Equity investment securities
6. Other investment securities
7. Bills accepted but not held in a portfolio (if recognised)
8. Loans, advances and lease finance

(Note: Each of the above categories of assets shall be shown net of Specific Provisions)

9. Deferred tax asset
10. Intangible assets
11. Fixed assets
12. Other assets
13. Total assets