New Zealand Gazette – 2012 – No. 21

Page 616

✨ Financial Disclosures

616
NEW ZEALAND GAZETTE, No. 21
24 FEBRUARY 2012

(f) the aggregate amount of individual credit impairment
allowances against individually impaired assets at the
reporting date.

4 Movements in balances of total individual credit
impairment allowances

(1) Information on movements in the balances of total individual
credit impairment allowances over the full year or half year
accounting period as applicable, separately disclosing—
(a) the opening balance;
(b) the charge (credit) to the statement of financial
performance for an increase or decrease in individual
credit impairment allowances;
(c) amounts written off;
(d) recoveries of amounts written off in previous periods;
(e) reversals of previously recognised impairment losses;
(f) other movements, and the nature of those other
movements; and
(g) the closing balance.

(2) Movements must be reconciled to the charges allocated to the
statement of financial performance.

5 Movements in balance of collective credit impairment
allowance

(1) Information on movements in the balance of the collective
credit impairment allowance over the full year or half year
accounting period as applicable, separately disclosing—
(a) the opening balance;
(b) the charge (credit) to the statement of financial
performance for increase or decrease in the collective
credit impairment allowance;
(c) other movements, and the nature of those other
movements; and
(d) the closing balance.

(2) Movements must be reconciled to the charges allocated to the
statement of financial performance.

6 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 paragraph 9(c) of NZ
IFRS 7, the information in subclause (2).

(2) The following information on the assets referred to in
subclause (1), separately from the equivalent information for
individually impaired financial assets:
(a) movements over the period in the total balance of such
assets, following the same breakdown as required for
individually impaired assets under clause 3;
(b) an analysis of credit risk adjustments on individual
financial assets designated at fair value, following the
same breakdown as required for total individual credit
impairment allowances under clause 4; and

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