✨ Financial Disclosure Requirements for Registered Banks
24 AUGUST 2012 NEW ZEALAND GAZETTE, No. 102 2881
2 End-period balances
(1) The information in subclause (2) in respect of the registered bank’s banking group.
(2) The following information as at the reporting date:
(a) the aggregate amount of individually impaired assets that has been recognised, before deducting allowances for credit impairment loss;
(b) the aggregate amount of individual credit impairment allowances;
(c) the aggregate amount of collective credit impairment allowances; and
(d) the aggregate amount of assets that are at least 90 days past due but not impaired.
3 Charges to the statement of financial performance
(1) The information in subclause (2) in respect of the registered bank’s banking group.
(2) The following information for the off quarter accounting period—
(a) the charge (credit) to the statement of financial performance for an increase or decrease in individual credit impairment allowances; and
(b) the charge (credit) to the statement of financial performance for an increase or decrease in collective credit impairment allowances.
4 Asset quality for financial assets designated at fair value
(1) For any financial assets designated as at fair value through profit and loss on which there have been changes in fair value that are attributable to changes in credit risk of the financial asset determined in accordance with NZ IFRS 7 paragraph 9(c), the information in subclause (2).
(2) The following information on the assets referred to in subclause (1) as at the reporting date—
(a) the total balance of such assets, separately from the total amount of individually impaired assets required under clause 2(2)(a);
(b) the total value of credit risk adjustments on individual financial assets designated at fair value, separately from the total amount of individual credit impairment allowances required under clause 2(2)(b); and
(c) the total value of credit risk adjustments on groups of financial assets designated at fair value, separately from the total amount of collective credit impairment allowances required under clause 2(2)(c).
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NZ Gazette 2012, No 102
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Financial Disclosure Requirements for Registered Banks
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💰 Finance & RevenueDisclosure, Financial statements, Asset quality, Credit exposure, Impaired assets, Banking group