New Zealand Gazette – 2008 – No. 40

Page 1081

✨ Banking Disclosure Requirements



27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40

or approved by the Reserve Bank, with respect to each rating obtained or maintained by the registered bank that complies with the notice given under section 80 of the Act, the following information:

(a) the name of the person who gave the rating:

(b) the type of rating:

(c) the current rating and all qualifications to that rating:

(d) any change made to the rating in the 2 years immediately before the balance date and the date on which the change occurred:

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

17

Historical summary of financial statements

(1) A historical summary of financial statements for the banking group—

(a) in the case of an accounting period, for each of the 5 most recent consecutive accounting periods; or

(b) in the case of an interim accounting period, for that interim accounting period and each of the 5 most recent consecutive accounting periods.

(2) The amounts in the historical summary of financial statements must be taken from financial statements of the banking group that give a true and fair view of the results and state of affairs of the banking group for the period concerned.

(3) The amounts that appear in the historical summary of financial statements must 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:

(g) taxation:

(h) net profit or loss after taxation:

(i) minority interests:

(j) the amount of branch profits repatriated:

(k) total assets:

(l) total individually impaired assets:

(m) total liabilities:

(n) head office account.

(4) A statement whether the amounts specified in subclause (3) have been taken from audited financial statements.

18

Members of banking group

In respect of each member of the banking group (excluding the registered bank):

(a) the name of the member:

(b) the nature of the business of each such member:

(c) the country of incorporation of the member:

(d) the banking group’s percentage ownership interest in the member.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 40


Gazette.govt.nz — PDF NZ Gazette 2008, No 40




✨ LLM interpretation of page content

💰 Banking Disclosure Requirements (continued from previous page)

💰 Finance & Revenue
Disclosure Statement, Banking, Directors, Audit Committee, Conditions of Registration