✨ Banking Disclosure Requirements
2310 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(2) The following information:
(a) the amount of interest revenue foregone over the accounting period or interim accounting period (as applicable):
(b) the basis on which the amount of interest revenue foregone has been calculated.
(3) The information that is required to be disclosed under subclause (2)(a) must include comparative figures for the previous corresponding period.
8 Movements in pre-allowance balances
(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 pre-allowance balances over the accounting period or interim accounting period (as applicable), separately disclosing—
(a) pre-allowance opening balance; and
(b) additions; and
(c) amounts written-off; and
(d) deletions; and
(e) pre-allowance closing balance.
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.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Banking Disclosure Requirements
(continued from previous page)
💰 Finance & RevenueDisclosure statements, Comparative figures, Material matters, Financial position, Related party transactions, Income statement, Accounting policies, Asset quality, Credit exposures, Risk management, Acceptances, Endorsements, Bills of exchange, Loan transfers, Securitisation, Financial assets, Individually impaired assets, Restructured assets, Enforcement of security, Real estate assets, Past due assets, Assets under administration, Interest revenue foregone, Pre-allowance balances, Movements in balances, Total individual credit impairment allowances, Allowances for impairment loss, Collective credit impairment allowance