✨ Banking Regulations
2496 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(3) The information in subclause (4) in respect of the registered bank and banking group for each of the classes of assets set out in subclauses (a), (b), (f) and (g) of clause 5.
(4) The aggregate amount as at the balance date of any undrawn balances on lending commitments to counterparties for whom drawn balances fall within that class of assets, before deducting allowances for credit impairment loss where applicable.
(5) The information that is required to be disclosed under subclauses (2) and (4) must include comparative figures for the previous corresponding period.
7 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 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 first quarter accounting period or third quarter 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.
8 Movements in balance of collective credit impairment allowance
(1) The information in subclause (2) in respect of the banking group.
(2) Information on movements in the balance of the collective credit impairment allowance over the first quarter accounting period or third quarter accounting period (as applicable), separately disclosing—
(a) opening balance; and
(b) charge (credit) to the 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.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
💰
Financial disclosure requirements for banking groups
(continued from previous page)
💰 Finance & RevenueIncome statement, Balance sheet, Financial assets, Liabilities, Equity, NZ IAS 34, NZ IFRS 7
💰 Movements in balances of total individual credit impairment allowances
💰 Finance & RevenueCredit impairment, Allowances, Financial assets, Banking group
💰 Movements in balance of collective credit impairment allowance
💰 Finance & RevenueCollective credit impairment, Allowances, Banking group