General directions and notesGeneral directions and notes

Reporting Form ARF 322.0

Statement of Financial Position (Consolidated)

Instruction Guide

General directions and notes

Reporting entity

ARF 322.0 Statement of Financial Position (Consolidated) is to be completed by all locally incorporated ADIs (including Specialist Credit Card Institutions (SCCIs)) on a consolidated group basis (where applicable).

The basis of consolidation required in this form is in accordance with the Accounting Consolidated Group. The accounting consolidated group is to be determined in accordance with the requirements of the Australian accounting standards, notably AASB 1024 ‘Consolidated Accounts’.

Locally incorporated ADIs (including SCCIs) that do not have any controlled entities are not required to submit forms for this reporting entity.

Foreign ADIs[1] and SCCIs operating through branches in Australia are not required to complete this form.

Consolidated ADI Group

This refers to the global operations of the ADI and all its controlled entities (where relevant), consolidated in accordance with Australian accounting standards (AASB 1024).

‘Controlled entity’, ‘parent entity’; these terms are defined in accordance with AASB 1024.

Reporting period

The form is to be completed as at the last day of the stated reporting quarter (i.e. September, December, March and June). Locally incorporated banks and Special Service Providers must submit the completed form to APRA within 25 business days after the end of the relevant reporting quarter. Credit Unions, Penny Bank, Building Societies and SCCIs must submit the completed form to APRA within 15 business days after the end of the relevant reporting quarter.

Unit of measurement

Banks are asked to complete the form in millions of Australian dollars rounded to one decimal place. Special Service Providers, Building Societies, Credit Unions, SCCIs and Penny Bank are asked to complete the form in whole Australian dollars (no decimal place).

Amounts denominated in foreign currency are to be converted to AUD in accordance with AASB 1012 ‘Foreign Currency Translation’.

The general requirements of AASB 1012 for translation are:

1. Foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date; and
2. Other items outstanding at the reporting date must not be retranslated subsequent to initial recognition of the transaction.

Monetary items are defined to mean money held and assets and liabilities that are to be received or paid in fixed or determinable amounts of money.