New Zealand Gazette – 2008 – No. 40

Page 1024

✨ Banking Disclosure Requirements

1024 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008

(2) The following information as at the off-quarter balance date:

(a) the aggregate amount that has been recognised, before
    deducting allowances for credit impairment loss or
    allowances for impairment loss created in respect of
    non-financial assets where applicable; and

(b) the aggregate amount of individual credit impairment
    allowances or allowances for impairment loss created in
    respect of non-financial assets.

(3) The information in subclause (4) in respect of the registered
bank and banking group for each of the classes of assets set out
in subclauses (a), (b), (f) and (g) of clause 5.

(4) The aggregate amount as at the balance date of any undrawn
balances on lending commitments to counterparties for whom
drawn balances fall within that class of assets, before deducting
allowances for credit impairment loss where applicable.

(5) The information that is required to be disclosed under
subclauses (2) and (4) must include comparative figures for the
previous corresponding period.

7 Movements in balances of total individual credit
impairment allowances or allowances for impairment loss
created in respect of non-financial assets

(1) The information in subclause (2) in respect of the banking
    group for each of the classes of assets set out in clause 5.

(2) Information on movements in the balances of total individual
    credit impairment allowances or allowances for impairment
    loss created in respect of non-financial assets over the first
    quarter accounting period or third quarter accounting period (as
    applicable), separately disclosing—

    (a) opening balance; and

    (b) charge (credit) to the statement of financial performance
        for increase or decrease in individual credit impairment
        allowances or allowances for impairment loss created in
        respect of non-financial assets; and

    (c) amounts written-off; and

    (d) write-downs of assets acquired through the enforcement
        of security; and

    (e) recoveries of impairment allowances and write-offs
        charged in previous periods; and

    (f) other movements, and the nature of those other
        movements; and

    (g) closing balance.

(3) Movements must be reconciled to the charges allocated to the
    statement of financial performance.

8 Movements in balance of collective credit impairment
allowance

(1) The information in subclause (2) in respect of the banking
    group.

(2) Information on movements in the balance of the collective
    credit impairment allowance over the first quarter accounting
    period or third quarter accounting period (as applicable),
    separately disclosing—

    (a) opening balance; and

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