✨ Financial Statements
Schedule 3
Short form financial statements and asset quality
Contents
| Page | ||
|---|---|---|
| Short form financial statements | ||
| 1 | Currency must be New Zealand dollars | 2493 |
| 2 | Comparative information | 2493 |
| 3 | Changes in accounting policies | 2493 |
| 4 | Financial information | 2493 |
| Asset quality | ||
| 5 | Classes of assets to which clauses 6 to 8 apply | 2495 |
| 6 | Aggregate amounts | 2495 |
| 7 | Movements in balances of total individual credit impairment allowances or allowances for impairment loss created in respect of non-financial assets | 2496 |
| 8 | Movements in balance of collective credit impairment allowance | 2496 |
| 9 | Credit risk on loans and receivables at fair value | 2497 |
Short form financial statements
1 Currency must be New Zealand dollars
Any monetary amount that is required to be disclosed under clause 4 must be New Zealand dollars.
2 Comparative information
The information that is required to be disclosed under clause 4 must include comparative figures for the previous corresponding period.
3 Changes in accounting policies
(1) A statement whether there have been any changes in accounting policies since the date on which the signing of the previous disclosure statement is completed.
(2) A summary of those changes.
4 Financial information
(1) The financial information that is required to be disclosed under this clause—
(a) must be in the format determined by the registered bank; and
(b) is for the banking group; and
(c) is for the first quarter accounting period or third quarter accounting period (as applicable), or is as at the off-quarter balance date, as the case may require.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Directors’ and New Zealand chief executive officer’s statements
(continued from previous page)
💰 Finance & RevenueDirectors, Chief executive officer, Disclosure statement, Compliance, Risk management, Financial statements, Supplemental disclosure
💰 Short form financial statements
💰 Finance & RevenueFinancial statements, Currency, Comparative information, Accounting policies, Financial information
💰 Asset quality
💰 Finance & RevenueAsset quality, Classes of assets, Aggregate amounts, Credit impairment, Credit risk