New Zealand Gazette – 2008 – No. 40

Page 1089

✨ Banking Disclosure Requirements



27 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 40 1089

9 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 registered bank and 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 accounting period or interim 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.

10 Movements in balance of collective credit impairment allowance

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

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

(a) opening balance; and

(b) charge (credit) to statement of financial performance for increase or decrease in the collective credit impairment allowance; and

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

(d) closing balance.

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



Next Page →



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, Aggregate Amounts, Interest Revenue, Pre-Allowance Balances, Credit Impairment Allowances, Impairment Loss, Non-Financial Assets, Movements in Balances, Opening Balance, Closing Balance, Charge to Statement of Financial Performance, Write-Offs, Recoveries, Collective Credit Impairment Allowance