✨ Financial Disclosure Requirements
21 FEBRUARY 2014 NEW ZEALAND GAZETTE, No. 21 565
15 Pending proceedings or arbitration
A description of any pending legal proceedings or arbitration concerning any member of the registered bank’s banking group or, if publicly available, its overseas banking group, whether in New Zealand or elsewhere, that may have a material adverse effect on the registered bank or its banking group.
16 Credit rating
If the registered bank is required, by a notice given to it under section 80 of the Act, to obtain or maintain a rating of its creditworthiness or financial condition by a person nominated or approved by the Reserve Bank, with respect to each rating obtained or maintained by the registered bank that complies with the notice given under section 80 of the Act, the following information:
(a) the name of the person who gave the rating;
(b) the type of rating;
(c) the current rating and all qualifications to that rating;
(d) any change made to the rating in the 2 years immediately before the balance date and the date on which the change occurred; and
(e) descriptions or explanations of all steps in the applicable rating scales.
17 Historical summary of financial statements
(1) A historical summary of financial statements for the registered bank’s banking group for each of the 5 most recent consecutive full year accounting periods.
(2) The amounts in the historical summary of financial statements must be amounts that—
(a) are taken from financial statements of the registered bank’s banking group; and
(b) give a true and fair view of the results and the state of affairs of the registered bank’s banking group for the period concerned.
(3) The amounts that appear in the historical summary of financial statements must include the following:
(a) total interest revenue;
(b) total interest expense;
(c) total other revenue;
(d) total credit impairment losses charged to the income statement;
(e) total other expenses;
(f) net profit or loss before taxation;
(g) taxation;
(h) net profit or loss after taxation;
(i) net profit or loss attributable to non-controlling interests;
(j) the amount of branch profits repatriated;
(k) total assets;
(l) total individually impaired assets;
(m) total liabilities; and
(n) head office account.
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NZ Gazette 2014, No 21
✨ LLM interpretation of page content
💰 Pending Legal Proceedings or Arbitration
💰 Finance & RevenueLegal proceedings, Arbitration, Banking group, Material adverse effect
💰 Credit Rating Requirements
💰 Finance & RevenueCredit rating, Financial condition, Reserve Bank, Rating scales
💰 Historical Summary of Financial Statements
💰 Finance & RevenueFinancial statements, Banking group, Revenue, Expenses, Profit and loss