478 NEW ZEALAND GAZETTE, No. 21 23 FEBRUARY 2007

(2) Where a General 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 Disclosure Statement.

21. 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 Disclosure Statement, for or on behalf of all
    Directors and the New Zealand Chief Executive Officer is completed, and state the date as from which such Conditions of
    Registration apply, unless this information is already contained within the General Disclosure Statement.

22. Financial Statements of the Overseas Bank and Overseas Banking Group—The Supplemental Disclosure Statement
    shall contain a copy of the most recent publicly available financial statements of the Overseas Bank and Overseas Banking
    Group, unless this information is already contained within the General Disclosure Statement.

23. Financial Statements of Insurance Business and Non-Financial Activities—Where the Overseas Bank conducts in
    New Zealand outside the Banking Group any Insurance Business or non-financial activities, the Supplemental Disclosure
    Statement shall contain a copy of the most recent publicly available financial statements and group financial statements of that
    business or those activities (separately for the Insurance Business and for non-financial activities, as applicable), unless this
    information is already contained within the General Disclosure Statement.\n
    DIANE MORCOM, Clerk of the Executive Council.

First Schedule
Supplementary Financial Disclosures And Asset Quality
Supplementary Financial Disclosures

1. The General Disclosure Statement shall contain, in respect of the Registered Bank and the Banking Group, for the
   Accounting Period or the Interim Accounting Period, or as at the Balance Date, as the case may be, the information required to
   be disclosed pursuant to clauses 3 and 4 of this Schedule.

2. The information required to be disclosed pursuant to clause 3 of this Schedule shall include comparative figures for the
   previous corresponding period.

3. Supplementary Information on the Statement of Financial Position:

(1) total interest earning and discount bearing assets;

(2) total interest and discount bearing liabilities;

(3) where assets presented in the statement of financial position have been used to secure any obligations, the nature
and amount of the assets;

(4) the nature and amount of any assets not legally owned but presented in the statement of financial position;

(5) the total liabilities of the Registered Bank in New Zealand, net of amounts due to related parties (including amounts
due to a subsidiary or affiliate of the Registered Bank);

(6) if applicable, the total Retail Deposits of the Registered Bank in New Zealand, as defined in the Registered Bank’s
Conditions of Registration; and

(7) with respect to the insurance group for which group financial statements must be made available in accordance with
clause 14B of this Order, and with respect to any affiliated insurance group outside the Overseas Banking Group:

(a) the nature and amount of any credit enhancements provided by the Banking Group;

(b) the total amount of funding provided by the Banking Group;

(c) the total amount of any other Credit Exposures provided by the Banking Group, broken down according to
their ranking on a winding up of the insurance group;

(d) if the entity heading the insurance group has one or more financial strength ratings, claims paying ability
ratings, or credit ratings applicable to its long term senior unsecured obligations payable in New Zealand, in
New Zealand dollars, in respect of each such rating:

(i) the name of the person who gave the rating;

(ii) the current rating and all qualifications to that rating;

(iii) any changes to the rating in the two years preceding the Balance Date and the date on which any such
change occurred;

(iv) descriptions or explanations of all the steps in the applicable rating scales.

For the purpose of this subclause 3(7), the terms "credit enhancement", "affiliated insurance group", and "funding" shall be
interpreted in accordance with the Reserve Bank document entitled Capital Adequacy Framework (BS2), as amended from
time to time.

4. 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: