New Zealand Gazette – 2008 – No. 40

Page 955

✨ Banking Disclosure Requirements

27 FEBRUARY 2008

NEW ZEALAND GAZETTE, No. 40

955

(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 amounts taken from financial statements of the banking
group and 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 paid or provided for dividends:
(k) total assets:
(l) total individually impaired assets:
(m) total liabilities:
(n) equity.

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

16 Members of banking group
In respect of each member of the banking group other than 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.

17 Insurance business
A statement whether the banking group conducts any insurance
business, and if it does, the following information:
(a) the aggregate amount of insurance business, where the
amount so disclosed is calculated in accordance with the
registered bank’s conditions of registration:
(b) an explanation as to how the banking group manages its
insurance business, including information on whether—
(i) any insurance business is conducted in special
purpose subsidiaries whose business activities
predominantly comprise insurance business, and
if so, the name of each of those subsidiaries, and
a description of the insurance business
conducted in each subsidiary; and
(ii) in relation to any other member of the banking
group whether any insurance business is