✨ Banking Asset Quality Disclosure
NEW ZEALAND GAZETTE, No. 87
24 JUNE 2011
Schedule 7—Full year and half year
Asset quality
Contents
| 1 | Scope of asset quality disclosure |
| 2 | Past due assets |
| 3 | Movements in individually impaired assets |
| 4 | Movements in balances of total individual credit impairment allowances |
| 5 | Movements in balance of collective credit impairment allowance |
| 6 | Asset quality for financial assets designated at fair value |
| 7 | Other asset quality information |
| 8 | Registered bank asset quality less than |
1 Scope of asset quality disclosure
(1) For the full year disclosure statement, the information on asset quality required to be disclosed under clauses 2 to 7 must—
(a) relate to the branch and its registered bank’s banking group; and
(b) include comparative figures for the previous corresponding period.
(2) For the half year disclosure statement, the information on asset quality required to be disclosed under clauses 2 to 7 must relate to the registered bank’s banking group.
2 Past due assets
(1) The amount of assets that are, as at the reporting date, past due and not impaired, classified according to the following ageing categories:
(a) less than 30 days past due;
(b) at least 30 days but less than 60 days past due;
(c) at least 60 days but less than 90 days past due; and
(d) at least 90 days past due.
(2) To avoid doubt, a registered bank may disclose information in addition to that required by subclause (1) to provide further ageing analysis of past due assets but if additional ageing categories are used the amounts disclosed must be summed to provide the total amounts required to be disclosed by subclause (1).
3 Movements in individually impaired assets
Information on movements in the pre-allowance balance of individually impaired assets over the full year or half year accounting period as applicable, separately disclosing—
(a) the pre-allowance opening balance;
(b) additions;
(c) amounts written off;
(d) deletions;
(e) the pre-allowance closing balance; and
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NZ Gazette 2011, No 87
✨ LLM interpretation of page content
💰 Asset Quality Disclosure Requirements
💰 Finance & RevenueBanking, Asset quality, Disclosure, Financial statements, Impairment, Past due assets