New Zealand Gazette – 2008 – No. 40

Page 1087

✨ Banking Financial Disclosure



27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1087

3

Supplementary information on income statement

(1) If included in the income statement, the information in
subclause (2) in respect of the registered bank and banking
group.

(2) The net gain or loss attributable to derivatives used for hedging
purposes that do not qualify as designated and effective
hedging instruments in terms of the provisions of NZ IAS 39.

(3) The information that is required to be disclosed under subclause
(2) must include comparative figures for the previous
corresponding period.

(4) The disclosure required by subclause (2) is subject to a
materiality criterion.

4

Accounting policies
The registered bank’s and banking group’s accounting policies
for recognising financial instruments in the financial reports or
for treating financial instruments as unrecognised items,
including—

(a) the basis for classifying, and for recognising and
measuring, each of the following classes of assets—

(i) 90 day past due assets; and

(ii) other assets under administration; and

(b) accounting for sale and repurchase agreements, reverse
sale and repurchase agreements or their option
derivatives; and

(c) whether securities are accounted for on a trade or
settlement date basis; and

(d) accounting for financial instruments which are used for
hedging purposes; and

(e) accounting for leases; and

(f) accounting for foreign exchange contracts, interest rate
contracts, and derivative instruments such as options,
futures, and swaps; and

(g) accounting for acceptances and endorsements of bills of
exchange; and

(h) accounting for loan transfers and the securitisation of
financial assets.

Asset quality

5

Classes of assets to which clauses 6 to 10 apply

(1) Clauses 6 to 10 apply to the following classes of assets:

(a) other individually impaired assets:

(b) restructured assets:

(c) financial assets acquired through the enforcement of
security:

(d) real estate assets acquired through the enforcement of
security:

(e) other assets acquired through the enforcement of
security:

(f) 90 day past due assets:

(g) other assets under administration.



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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, Financial Statements, Supplemental Disclosure, Auditor's Report, Risk Management