Financial Sector (Collection of Data) determination No. 39 of 2005 - Reporting Standard ARS 323.0 (2005) - Statement of Financial Position (Licensed ADI)
Section B: LiabilitiesSection B: Liabilities
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) determination No. 39 of 2005 - Reporting Standard ARS 323.0 (2005) - Statement of Financial Position (Licensed ADI).
This form relates to the operations of the Licensed ADI. If an ADI has subsidiaries or interest in joint venture operations, the ADI must also complete ARF 322.0 Statement of Financial Position (Consolidated ADI).
If the ADI has material business, operations or dealings outside of Australia or with non-residents, then the institution will be required to complete ARF 320.0 Statement of Financial Position (Domestic Books) and ARF 321.0 Statement of Financial Position (Offshore Operations), instead of this form.
General directions and notes
Reporting entity
ARF 323.0 Statement of Financial Position (Licensed ADI) should be completed by Credit Unions, Building Societies, Cairns Penny Savings & Loans Limited and Specialist Credit Card Institutions (SCCIs) on a Licensed ADI basis. SCCIs that operate as branches in Australia are required to complete this form for the Australian branch only.
Licensed ADI
This refers to the operations of the reporting ADI on a stand-alone basis.
Reporting period
If the Credit Union, Building Society or SCCI is a Monetary Aggregates Reporter (broadly, it has total assets greater than or equal to $50 million), this form is to be completed as at the last day of the reporting month. The completed form must be submitted to APRA within 10 business days after the end of the relevant reporting month. In addition, this form is also to be completed as at the last day of the stated reporting quarter (i.e. September, December, March and June). The completed form must be submitted to APRA within 15 business days after the end of the relevant reporting quarter.
If the Credit Union or Building Society or Cairns Penny Savings & Loans Limited or SCCI is not a Monetary Aggregates Reporter, this form is to be completed as at the last day of the stated reporting quarter (i.e. September, December, March and June). The completed form must be submitted to APRA within 15 business days after the end of the relevant reporting quarter.
Unit of measurement
Credit Unions, Building Societies, Cairns Penny Savings & Loans Limited and SCCIs 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:
Foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date; and
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.
Monetary items arising under foreign currency derivative contracts at the reporting date must be translated as follows:
Where the exchange rate is fixed in the contract, at that fixed exchange rate; and
Where the exchange rate varies, at the spot rate at the reporting date.
Netting
Unless otherwise specifically stated, institutions are allowed to take advantage of netting agreements in relation to disclosure of data items in this form. Institutions are to comply with the prerequisite for netting outlined in Australian accounting standards AASB 1014 ‘Set-off and Extinguishment of Debt’ and AASB 1033 ‘Presentation and Disclosure of Financial Instruments’.
Term to maturity
Any references to ‘term to maturity’ in this form refer to residual term to maturity.
Basis of preparation
The nature of the disclosure and format of this form may not be strictly consistent with the annual financial statements prepared by the institution. Notwithstanding this, in completing this form (unless otherwise specifically stated for individual items of assets, liabilities or equity), institutions are requested to follow the basis that is used for the preparation of its annual financial statements in accordance with the Australian accounting standards, specifically in regard to the:
Interpretation/definition of specific asset, liability and equity items;
Appropriate measurement basis for asset, liability and equity items; and
Netting of financial assets and financial liabilities.
If additional clarification is required for specific asset, liability or equity items in this form, reference should be made to the section “Specific instructions”, which is provided as a guide.
Specific instructions
Section A: Assets
1. Cash and liquid assets
Generally include the following in this category:
Australian notes and coins;
Foreign currency;
Cash at branches;
Cash at bankers;
Deposits at call;
Money at short call;
Exchange settlement accounts;
Securities purchased under agreement to resell;
Margin deposit accounts; and
Gold bullion.
Exclude the following from this reporting category:
Bills of exchange (reported as either a Trading Security or Investment Security); and
Bills receivable and remittances in transit.
This reporting item should be brought to account at the face value or the gross value of the outstanding balance where appropriate. Interest is taken to profit and loss when earned.
1.1. Notes and coins
Include Australian and foreign currency notes and coins of the reporting entity. Notes and coins in transit between any branches or offices of the reporting entity should be reported.
1.2. Deposits at call
1.2.1. Banks
Include all deposits with Australian resident banks that are available on demand. Report 11am accounts and 24-hour money. Exclude exchange settlement accounts.
1.2.2. Other ADIs
Include all deposits with Australian resident ADIs other than banks that are available on demand. Report 11am accounts and 24-hour money. Exclude exchange settlement accounts.
1.2.3. Registered financial corporations
Include all deposits with Registered Financial Corporations that are available on demand. Report 11am accounts and 24-hour money. Exclude exchange settlement accounts.
1.2.4. Other financial institutions
Include all deposits with other financial institutions that are available on demand. Report 11am accounts and 24-hour money. Exclude exchange settlement accounts.
1.3. Gold bullion
Include:
Gold coin;
Gold bullion held in Australia and elsewhere; and
Gold certificates held as investments.
Exclude:
Loans repayable in gold bullion.
1.4. Due from clearing houses
Include net claims on recognised clearinghouses such as the ASXCH and SFECH in Australia.
1.5. Securities purchased under agreements to resell
Treatment is to be consistent with International Accounting Standard 39. Where the transferee of the stock effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying stock is not effectively transferred), these transactions are to be accounted for as collateralised borrowing activities (treating stock borrowing as on balance sheet exposures). Securities purchased under agreements to resell, represents the receivable due from counterparties from whom the stock has been borrowed and with whom cash has been lodged. Under this method of accounting the banks physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected.
1.6. Due from financial institutions
Generally include the following in this reporting category:
settlement account balances – Austraclear and RITS balances with banks and non-bank financial institutions;
amounts owing from banks and other financial institutions in relation to the payments system;
items in the course of collection from banks and other financial institutions in relation to the payments system;
amounts due to the reporting entity in relation to an involvement in an overseas payment system;
securities sold not delivered/security settlements - record receivables for unsettled sales of securities. This item arises only if the reporting institution record securities on a settlement date basis as opposed to trade date basis; and
margin deposit accounts with brokers.
Exclude the following from this reporting category:
Certificates of deposit. These items should be reported as short-term debt securities in either the Trading Securities or Investment Securities category.
This reporting item should be brought to account at the gross value of the outstanding balance, unless a legal right of set-off exists in accordance with AASB 1014 and AASB 1033.
Deposits that are not on a call basis (eg deposits lodged at term that are not on a call basis).
1.6.1. Due from RBA
Include settlement account balances due from the RBA and other central banks, as well as securities sold not delivered/security settlements. Funds held with the Reserve Bank of Australia or any foreign central bank should also be reported in this data item.
1.6.2. Due from banks
Include settlement account balances due from other banks, as well as securities sold not delivered/security settlements.
1.6.3. Due from other ADIs
Include settlement account balances due from other ADIs, as well as securities sold not delivered/security settlements.
1.6.4. Due from registered financial corporations
Include settlement account balances due from Registered Financial Corporations, as well as securities sold not delivered/security settlements.
1.6.5. Due from other financial institutions
Include settlement account balances due from other financial institutions, as well as securities sold not delivered/security settlements.
1.7. Total cash and liquid assets
Sum all cash and liquid assets reporting items above.
Trading securities
Trading securities are defined in accordance with AASB 1032 ‘Specific Disclosures by Financial Institutions’.
Trading securities are recorded at net fair value, which is defined in accordance with AASB 1032.
Interest earned on trading securities is reported as Interest Income in ARF 330.0 Statement of Financial Performance and ARF 330.1 Interest Income and Interest Expense. Dividends received are viewed as dividend income and accordingly, are to be classified as Other Operating Income in ARF 330.2 Other Operating Income.
All gains and losses, realised and unrealised are reported in net trading income in ARF 330.2 Other Operating Income.
Report short sold positions as a negative asset against the appropriate debt or equity security item.
Include all securities (stock) lent or sold under repurchase agreements. The payable due to counterparties with whom the stock has been lent or sold and from whom cash has been lodged is recorded in Securities sold under agreements to repurchase.
All securities borrowed or purchased under resale agreements should be excluded. The receivable due from counterparties from whom the stock has been borrowed or purchased and with whom cash has been lodged is recorded in Securities purchased under agreements to resell.
Loans and advances” should not be affected by the reporting of “Securities lent or sold under repurchase agreements
Include holdings of debt securities issued by the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Debt securities
Include all debt securities consistent with the classification and measurement basis used for Trading Securities by institutions in accordance with AASB 1032.
2.1. Australian Commonwealth government securities
Include debt securities issued by the Australian Commonwealth Government. Do not include securities issued by Government business enterprises.
2.2. Other Australian government securities
Include debt securities issued by Australian State & Territory Governments and Australian State & Territory central borrowing authorities. Do not include securities issued by Australian State & Territory Government business enterprises.
2.3. Bank debt securities
Include debt securities that have been issued by banks (e.g. Negotiable certificates of deposits; Transferable certificates of deposits; Medium term notes; Debentures; Unsecured notes).
2.4. Other ADI debt securities
Include debt securities that have been issued by ADIs other than banks (e.g. Negotiable certificates of deposits; Transferable certificates of deposits; Medium term notes; Debentures; Unsecured notes).
2.5. Corporate paper
Include debt securities that have been issued by corporate entities other than banks and other ADIs.
2.6. Asset backed debt securities
An asset-backed security is a debt security that is secured or supported by a pool of assets. These forms of securities are usually issued by a special purpose vehicle.
2.7. Other debt securities
2.8. Equity securities
Include all equity trading securities consistent with the classification and measurement basis used for Trading Securities by institutions in accordance with AASB 1032.
2.9. Total trading securities
Sum all “Trading securities” reporting items.
Investment securities
Investment securities are those securities, which are not Trading Securities (as defined in accordance with AASB 1032). These are generally securities purchased with the intent that they be generally held to maturity or held for a period of time, though not necessarily maturity (i.e. equity securities where it is not technically possible to hold to maturity).
ADI’s strategic investment in the equity securities of entities that are deemed to be controlled entities, associates or joint ventures, defined in accordance with AASB 1024 ‘Consolidated Accounts’, AASB 1016 ‘Accounting for Investments in Associates’ and AASB 1006 ‘Interests in Joint Ventures’), are to be disclosed in “Other Investments” in ARF 320.0 Statement of Financial Position (Domestic Books) (same for ARF 322.0 Statement of Financial Position (Consolidated)).
Investment securities are recorded at cost and adjusted for the amortisation of any premiums and discounts on purchase over the period of maturity.
Interest earned on trading securities is reported as Interest Income in ARF 330.1 Interest Income and Interest Expense.
Dividends received on equity securities are viewed as dividend income and accordingly, are to be classified as Other Operating Income in ARF 330.2 Other Operating Income.
All realised gains and losses are reported in “Gain on Sale” income in ARF 330.2 Other Operating Income.
Include all securities (stock) lent or sold under repurchase agreements. The payable due to counterparties with whom the stock has been lent or sold and from whom cash has been lodged is recorded in Securities sold under agreements to repurchase.
All securities borrowed or purchased under resale agreements should be excluded. The receivable due from counterparties from whom the stock has been borrowed or purchased and with whom cash has been lodged is recorded in Securities purchased under agreements to resell.
Loans and advances” should not be affected by the reporting of “Securities lent or sold under repurchase agreements
Include holdings of debt securities issued by the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Debt securities
Include all debt securities, consistent with the classification and measurement basis used for Investment Securities by institutions.
3.1. Australian Commonwealth government securities
Include debt securities issued by the Australian Commonwealth Government. Do not include securities issued by Government business enterprises.
3.2. Other Australian government securities
Include debt securities issued by Australian State & Territory Governments and Australian State & Territory central borrowing authorities. Do not include securities issued by Australian State & Territory Government business enterprises.
3.3. Bank debt securities
Include debt securities that have been issued by banks (e.g. Negotiable certificates of deposits; Transferable certificates of deposits; Medium term notes; Debentures; Unsecured notes).
3.4. Other ADI debt securities
Include debt securities that have been issued by ADIs other than banks (e.g. Negotiable certificates of deposits; Transferable certificates of deposits; Medium term notes; Debentures; Unsecured notes).
3.5. Corporate paper
Include debt securities that have been issued by corporate entities other than banks and other ADIs.
3.6. Asset backed debt securities
An asset-backed security is a debt security that is secured or supported by a pool of assets. These forms of securities are usually issued by a special purpose vehicle.
3.7. Other debt securities
Equity securities
Include all equity securities consistent with the classification used for Investment Securities by institutions.
3.8. Banks and other ADI equity securities
Record the holding of equity securities issued by banks and other ADIs that are held as Investment Securities.
Exclude: equity investments in “Parent Entity” or “Controlled Entities” or “Associates”. These investments are to be reported in the classification “Other Investments”.
3.9. Insurance corporations
Record the holding of equity securities issued by insurance corporations that are held as Investment Securities.
Exclude: equity investments in “Parent Entity”, “Controlled Entities” or “Associates”. These investments are to be reported in the classification “Other Investments”.
3.10. Other
Record the holding of equity securities issued by corporations other than ADIs and insurance corporations that are held in the Investment Securities.
Exclude: equity investments in “Parent Entity”, “Controlled Entities” or “Associates”. These investments are to be reported in the classification “Other Investments”.
3.11. Total investment securities
Sum all “Investment securities” reporting items.
4. Other deposits
Include deposits that are not invested on a call or short term basis i.e. term deposits that are not on a call/demand basis. Disclose total deposits invested with the following counterparty classifications:
4.1. Banks
4.2. Other ADIs
4.3. Other
4.4. Total other deposits
5. Acceptances of customers
Total acceptances of customers – net
Acceptances comprise undertakings by an ADI to pay bills of exchange drawn on customers. These bills of exchange are not held as part of the ADI’s asset portfolio. Acceptances are accounted for and disclosed as a liability with a corresponding contra asset. The contra asset is recognised to reflect the ADI’s claim against each drawer of the bills of exchange.
Bills of exchange that have been accepted and held in an ADI’s asset portfolio should be excluded from this item. Include these holdings of own acceptances under either Trading Securities or Investment Securities.
Netting is allowed in accordance with the requirements specified in the Australian accounting standards (i.e. only if there is a legal right to set off and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).
Acceptances generate fee income that is taken to profit and loss when earned.
6. Loans and advances
Note: Loans and advances are investments of the ADI generally include:
Overdrafts;
Secured and unsecured lending;
Financial lease agreements;
Account balances which do not qualify as deposits;
Credit card outstanding balances;
Term loans;
Mortgage lending;
Commercial loans;
Equity participation in leveraged leases;
Redeemable preference share finance;
Subordinated loans; and
Loans to controlled entities, associates and joint ventures.
Loans and advances are recognised at recoverable amount, after assessing required provisions for impairment.
Loans and advances should be recorded net of unearned revenue; this is mainly with respect to unearned lease receivables.
Netting is permitted in accordance with the requirements of the Australian accounting standards (i.e. were there is a legal right to set off the recognised amounts and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).
Note: Specific provisions and general provisions for products and counterparties where indicated in the form are to be reported only if the data is already recorded and allocated on that basis by the institution. Otherwise the specific provision and general provision can be disclosed in aggregate.
Do not include associated future income tax benefits (FITB) in the amounts reported for general provisions or specific provisions. Include associated FITB in 'Other Assets - Future income tax benefits - Provisions for doubtful debts'.
6.1. Loans to households
This comprises individuals, or groups of individuals, whose dealings with other sectors are for personal or household purposes.
Exclude:
Family trusts, sole proprietors, partnerships and any other unincorporated enterprises owned by households. Record these as private unincorporated businesses.
Include the value of housing loans to Australian householders, for the construction or purchase of dwellings for owner occupation.
Include revolving credit or redraw facilities originally approved for a purpose of predominantly owner occupied housing
This reporting item should be reported gross of any specific provisions.
6.1.1.1. Housing: Owner occupied – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.1.1. Housing: Owner occupied – General provisions (3)
Report the general provision for doubtful debts applied to this loan item if already recorded/allocated by the institution, otherwise leave blank.
6.1.1.1.1. Housing: Owner-occupied – of which revolving credit secured by residential mortgage – Gross of specific provisions (1)
Of the total reported for “Housing: Owner occupied” identify the component that is revolving credit facilities secured by residential mortgage.
This reporting item should be reported gross of any specific provisions.
Include the value of investment housing loans to Australian householders, for the construction or purchase of dwellings for non-owner occupation.
Include revolving credit or redraw facilities originally approved for a purpose of predominantly investment housing.
This reporting item should be reported gross of any specific provisions.
6.1.1.2. Housing: Investment – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.1.2. Housing: Investment – General provisions (3)
Report the general provision for doubtful debts applied to this loan item if already recorded/allocated by the institution, otherwise leave blank.
6.1.1.2.1. Housing: Investment – of which revolving credit secured by residential mortgage – Gross of specific provisions (1)
Of the total reported for “Housing: Investment” identify the component that is revolving credit facilities secured by residential mortgage.
This reporting item should be reported gross of any specific provisions.
6.1.2. Revolving credit – Balance outstanding (1)
Include the gross value of loans of a revolving credit nature to Australian householders, other than credit cards, or loans originally approved for a purpose other than housing.
Revolving credit is a loan arrangement in which the borrowing party may repay funds on loan and immediately borrow it again up to an agreed limit.
This reporting item should be reported gross of any specific provisions.
6.1.2. Revolving credit – Specific provision (2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.2. Revolving credit – General provision (3)
Report the general provision for doubtful debts for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.2.1. Revolving credit – of which revolving credit secured by residential mortgage – Balance outstanding (1)
Of the total reported for ”Revolving credit”, identify the component that is revolving credit facilities secured by residential mortgage originally approved for a purpose other than housing.
This reporting item should be reported gross of any specific provisions.
6.1.3. Credit cards – Balance outstanding (1)
Include the gross value of credit card liabilities of Australian householders.
This reporting item should be reported gross of any specific provisions.
6.1.3. Credit cards – Specific provision (2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.3. Credit cards – General provision (3)
Report the general provision for doubtful debts for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.4. Leasing – Balance outstanding (1)
Include the gross value of lease financing to Australian householders.
This reporting item should be reported net of unearned revenue and gross of specific provision for doubtful debts.
6.1.4. Leasing – Specific provision (2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.4. Leasing – General provision (3)
Report the general provision for this reporting line, if this recorded or allocated by the institution on this basis.
6.1.5. Other personal term loans – Balance outstanding (1)
Include the gross value of personal term loans to Australian householders for purposes other than housing and other than revolving credit, credit card and lease financing.
This reporting item should be reported gross of any specific provisions.
6.1.5. Other personal term loans – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.5. Other personal term loans – General provision (3)
Report the general provision for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.5.1. Other personal term loans of which fixed interest rate – Balance outstanding (1)
Of the total reported for “Other personal term loans” identify the component that has a fixed interest rate.
This reporting item should be reported gross of any specific provisions.
6.1.5.1. Other personal term loans of which fixed interest rate – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.5.1. Other personal term loans of which fixed interest rate – General provisions (3)
Report the general provision for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.5.2. Other personal term loans of which variable interest rate – Balance outstanding (1)
Of the total reported for “Other personal term loans” identify the component that has a variable interest rate.
Include the gross value of variable rate term loans to Australian householders for purposes other than housing and other than revolving credit, credit card and lease financing.
This reporting item should be reported gross of any specific provisions.
6.1.5.2. Other personal term loans of which variable rate – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.5.2. Other personal term loans of which variable rate – General provisions (3)
Report the general provision for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.6. Total loans to households – Balance outstanding (1)
Sum the gross value of loans to Australian householders.
This reporting item should be reported gross of any specific provisions.
6.1.6. Total loans to households – Specific provisions (2)
Report the specific provisions applying to loans to Australian householders. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.1.6. Total loans to households – General provisions (3)
Report the general provision for this reporting line.
6.2. Commercial lending
Loans to public and private trading corporations
Private trading corporations
Private trading corporations are those owned and controlled by the private sector.
Include:
All resident private corporate trading enterprises;
Intra-group financiers (Financial Sector (Collection of Data) Act 2001 Category I) and parent companies with significant holdings of shares in private trading companies;
Privately owned schools and hospitals;
Any unincorporated unit that is a branch in Australia of a non-resident company and which is not included in the financial sector; and
Any unincorporated business owned and operated by trading corporations (e.g. joint ventures).
Exclude:
Unincorporated businesses, except for branches of non-resident companies and joint ventures or partnerships owned by corporations; and
Non-resident enterprises.
Public non-financial corporations
Commonwealth, state, territory and local government
Trading enterprises owned by the Commonwealth, state, territory or local government are those businesses, which are owned and controlled by the Australian Commonwealth Government, state, territory and local government and which produce goods or non-financial services for sale at market prices.
Include:
All resident trading enterprises, 50% or more owned by the Commonwealth, state, territory and local government or controlled by the Commonwealth, state, territory and local government, through legislation, decree or regulation (e.g. Telstra, Australia Post, and Australian Government Solicitor, state rail and water authorities, gas and fuel authorities, housing commissions, port authorities, non-privatised power authorities)
Exclude:
Government departments (show as Commonwealth general government);
Government-owned financial institutions (these are classified as financial institutions);
State government owned financial institutions and entities in the general government; and
State and territory central borrowing authorities,
6.2.1. Loans to public and private trading corporations – Balance outstanding (1)
Include the gross value of loans to Australian private trading corporations that are denominated in Australian dollars.
6.2.1. Loans to public and private trading corporations – Specific provision (2)
Report the specific provision for doubtful debts applied to this loan item. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.2.1. Loans to public and private trading corporations – General provision (3)
Report the specific provision for doubtful debts applied to this loan item.
Loans to unincorporated business and community service organisations (CSO)/non-profit institutions serving households
Private unincorporated businesses
This comprises individuals acting as sole proprietors or in partnerships, for commercial or professional purposes. The major businesses to be included in this sub-sector are unincorporated farms, unincorporated retailers, unincorporated professional practices (medical, legal, dental, accounting, etc.), unincorporated businesses of tradesmen such as plumbers, carpenters, etc.
Community service organisations
Include:
Institutions financed mostly by members’ contributions, e.g. trade unions, professional societies, consumer associations, political parties, churches and religious societies, and social, cultural, recreational and sports clubs
Charities and aid organisations financed by voluntary transfers
Exclude:
Community service organisations and non-profit institutions controlled and mainly financed by government (include in general government).
6.2.2. Loans to unincorporated business and community service organisations (CSO) – Balance outstanding (1)
Include the total gross value of loans to Australian community service organisations and unincorporated businesses.
This reporting item should be reported gross of any specific provisions.
6.2.2. Loans to unincorporated business and community service organisations (CSO) – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.2.2. Loans to unincorporated business and community service organisations (CSO) – General provisions (3)
Report the general provision for this reporting line, if this recorded or allocated by the institution on this basis.
Loans to ADIs and other financial institutions
Include:
treasury related short-term lending to other banks;
corporate banking customer relationship lending to other financial institutions;
loans and advances to other banks;
loans with banks and non-bank financial institutions; and
loans and advances to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity that are financial institutions.
This reporting item should be brought to account at the gross value of the outstanding balance. Interest is taken to profit and loss when earned.
Include the following counterparties:
Reserve Bank of Australia
The Reserve Bank of Australia is a public financial corporation and has responsibility for monetary policy, issuing banknotes, holding Australia’s international reserves and providing banking services to the Commonwealth.
Other Central Bank Institutions
This sub-sector includes the Australian Prudential Regulation Authority (APRA).
Banks
Banks refers to corporations, in relation to which an authority under subsection 9(3) is in force and which holds a consent under section 66 of the Banking Act 1959 to use the word bank.
Include:
Development banks; and
Foreign banks licensed to operate in Australia under the Banking Act 1959.
Exclude:
Merchant banks (record as non-bank financial intermediaries); and
Non-resident banks (report as non-resident counterparties).
Other ADIs
Other ADIs (Authorised Deposit-taking Institutions) refers to corporations, in relation to which an authority under subsection 9(3) is in force, but which do not hold a consent under section 66 under the Banking Act 1959 to use the word bank.
Registered financial corporations
Registered Financial Corporations refers to corporations registered under the Financial Sector (Collection of Data) Act 2001 that are classified as Categories D and Other and cash management trusts.
Include:
Money market corporations (also referred to as “merchant banks”) (D);
Pastoral finance companies, Finance companies and General financiers (Other); and
Cash management trusts.
A list of corporations registered under the Financial Sector (Collection of Data) Act 2001 and their classification is available on request.
Exclude:
Intra group financiers registered under the Financial Sector (Collection of Data) Act 2001 Category I (record as private trading corporations).
Central borrowing authorities
These are corporations established by state and territory governments to provide finance for government authorities and to manage their surplus funds.
Include:
New South Wales Treasury Corporation (NSW TCorp);
Treasury Corporation of Victoria (TCV);
Queensland Treasury Corporation (QTC);
South Australian Government Financing Authority (SAFA);
Western Australian Treasury Corporation (WATC);
Tasmanian Public Finance Corporation (Tas Corp);
Northern Territory Treasury Corporation (NT TCorp); and
ACT Treasury.
Financial auxiliaries
These are corporations and quasi-corporations engaged primarily in activities closely related to financial intermediation, but which do not themselves perform an intermediation role.
Include:
fund managers as principal;
stockbrokers; and
insurance brokers.
Financial intermediaries
Securitisers
These are financial vehicles that issue short and/or long-term securities (called asset-backed securities) using specifically selected assets (e.g. mortgages, receivables). They provide backing (collateral) for the securities and generate the payment streams necessary to fulfil interest and principal requirements for investors.
Unit trusts
Include:
Mortgage, fixed interest and equity unit trusts.
Exclude:
Cash management trusts: include in Registered Financial Corporations; and
Property and trading trusts, include in private trading corporations.
Other financial intermediaries
Comprise all financial intermediaries other than central bank institutions, depository corporations, insurance corporations, pension funds, CBAs, securitisers and unit trusts.
Include:
Economic development corporations owned by governments;
Co-operative housing societies;
Investment companies; and
Common funds including cash common funds.
6.2.3. Loans to ADIs and other financial Institutions – Balance outstanding (1)
Include the gross value of loans to ADIs and other financial Institutions. This reporting item should be reported gross of any specific provisions.
6.2.3. Loans to ADIs and other financial Institutions – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.2.3. Loans to ADIs and other financial Institutions – General provisions (3)
Report the general provision for this reporting item, if this recorded or allocated by the institution on this basis.
Loans to government (All levels of Australian government)
Include:
Overdrafts;
Secured and unsecured borrowings;
Financial lease agreements;
Account balances which do not qualify as deposits;
Credit card outstanding balances; and
Term loans.
Loans and advances are recognised at recoverable amount, after assessing required provisions for impairment.
Commonwealth general government
Commonwealth government departments and agencies principal function is to provide non-market goods and services, principally financed by taxes, to regulate economic activity, maintain law and order and to redistribute income and wealth by means of transfers.
Include:
Departments and agencies such as Department of Finance, Department of Defence, ABC, SBS, Australian Film Commission and CSIRO;
Commonwealth government unincorporated enterprises which provide goods and services to the Commonwealth government and/or to the public for free or at prices that are not economically significant (e.g. government employee cafeterias, munitions factories);
Non-profit institutions controlled and mainly financed by the Commonwealth government;
Commonwealth government quasi-corporations which sell their output, at near market prices, exclusively to other government units (e.g. government printers and defence force housing schemes); and
Public universities.
Exclude:
Government trading enterprises such as Telstra and Australia Post (record as Trading enterprises owned by the Commonwealth Government);
Departments of the ACT and Northern Territory governments (record as State, territory and local general government); and
Reserve Bank of Australia and Commonwealth Government financial institutions such as AIDC and EFIC (record as financial institutions as appropriate).
State, territory and local general government
State, territory and local general government provides non-market goods and services principally financed by taxes to regulate economic activity, maintain law and order and to redistribute income and wealth by means of transfers and hence provided free of charge or at nominal prices well below the cost of production.
Include:
State and local government unincorporated enterprises which provide goods and services to their government and/or to the public for free or at prices that are not economically significant (e.g. government employee cafeterias, municipal swimming pools);
Non-profit institutions controlled and mainly financed by state and local government;
State government quasi-corporations which sell their output, at near market prices, exclusively to other government units (e.g. government printers);
ACT and Northern Territory Government departments and agencies; and
State schools, technical and further education colleges and state owned hospitals.
Exclude:
All state and local government trading enterprises and financial enterprises (e.g. rail, and municipal water authorities); and
State and territory central borrowing authorities.
6.2.4. Loans to government – Balance outstanding (1)
Include the gross value of loans to Australian Commonwealth government. This reporting item should be reported gross of any specific provisions.
6.2.4. Loans to government – Specific provision (2)
If applicable sum the specific provisions applying to loans to Australian government bodies. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.2.5. Total commercial lending – Balance outstanding (1)
Sum the gross value of commercial lending.
This reporting item should be reported gross of any specific provisions.
6.2.5. Total commercial lending – Specific provision (2)
Report the aggregate specific provisions applying to commercial lending. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.2.5. Total commercial lending – General provision (3)
Report the aggregate general provision for this reporting line.
6.2.5.1. Total commercial lending of which: Revolving credit
Include the gross value of loans of a revolving credit nature. Exclude loans to Australian householders, for the purpose of housing.
A revolving credit is a loan arrangement in which the borrowing party may repay funds on loan and immediately borrow it again up to an agreed limit. This reporting item should be reported gross of any specific provisions.
6.2.5.2. Total commercial lending of which: Credit cards
Include the gross value of credit card liabilities by Australian counterparties.
6.2.5.3. Total commercial lending of which: Term loans – fixed rate
Include the gross value of term loans that have a fixed interest rate. Exclude loans to householders for the purpose of housing.
6.2.5.4. Total commercial lending of which: Term loans – variable rate
Include the gross value of term loans that have a variable interest rate. Exclude loans to householders for the purpose of housing.
6.2.5.5. Total commercial lending of which: Leasing
Include the gross value of lease financing to counterparties.
This reporting item should be reported net of unearned revenue and gross of specific provision for doubtful debts.
6.2.5.6. Total commercial lending of which: Other loans
Include the gross value of loans to counterparties other than revolving credit loans; credit cards; housing loans; term loans; and leasing finance.
6.3. Total gross loans and advances – Balance outstanding (1)
Sum the gross value of loans and advances (to households and Commercial Lending).
6.3. Total gross loans and advances – Specific provision (2)
Record the specific provisions applying to the total loan portfolio. Where an ADI adopts a standardised approach under APS 220 Credit Quality (paragraph 11), as described in AGN 220.3 Prescribed Provisioning, the value of the prescribed provision should also be included here.
6.3. Total gross loans and advances – General provision (3)
Record the general provisions applying to the total loan portfolio.
6.3.1. Total gross loans and advances of Which: Margin lending
Lending for the purpose of purchasing equities, where the underlying security is equities.
6.3.2. Total gross loans and advances of Which: Loans held for sale
Loans held for sale are loans (e.g. mortgages) acquired and held by the ADI with the intention of resale in the short-term (i.e. within 12 months of acquisition).
6.4. Loans and advances (net of provisions for impairment)
Subtract “general provisions for doubtful debts” and “specific provisions for doubtful debts” from “total gross loans and advances”.
7. Other investments
7.1. Parent entity
Report the total amount of equity investments in the parent entity defined in accordance with AASB 1024.
7.2. Controlled entities
Report the total amount of equity investments in controlled entities defined in accordance with AASB 1024.
7.3. Associates
Report the total amount of equity investments in associates. Defined in accordance with AASB 1016 ‘Accounting for Investments in Associates’.
7.4. Equity investments in former SSPs
Report the total value of shareholdings in former Special Service Providers (SSPs) and is to be completed by ADIs that have affiliations with SSPs.
7.5. Joint ventures
Report the total amount of interests in joint ventures (entities) defined in accordance with AASB 1006 ‘Accounting for Interests in Joint Ventures’.
7.6. Other
Report any other investments not included above.
7.7. Total other investments
Sum all reporting line items for “Other investments”.
8. Fixed assets
The reporting of all fixed asset items should be in accordance with applicable Australian accounting standards. Do not include property acquired or held available for sale. These assets are to be disclosed in “Other Assets” category under line item “Property acquired or held available for sale”.
8.1. Property, plant and equipment
This includes land, buildings, furniture, equipment (excluding Information Technology), re-modeling costs to existing premises, and interest capitalised during the period of construction of buildings.
8.2. Accumulated depreciation/amortisation - Property, plant and equipment
Report accumulated depreciation/amortisation relating to property, plant and equipment
8.3. Property, plant and equipment net of accumulated depreciation
8.4. Information technology
8.4.1. Information technology - Work in progress (WIP)
8.4.1.1. Hardware and software application costs
Include the cost of hardware and software purchased from third parties not yet in use i.e. material costs.
8.4.1.2. Development and other on costs
Include software development, hardware installation costs and associated overheads that are carried out internally not yet in use i.e. labour and overhead costs.
8.4.1.3. Information technology - Total WIP
Sum of line items Hardware and software application costs and Development and other on costs.
8.4.2. Information technology - In use
8.4.2.1. Hardware and software application costs
Include the cost of hardware and software purchased from third parties in use i.e. material costs.
8.4.2.2. Development and other on costs
Include software development, hardware installation costs and associated overheads that are carried out internally which is in use i.e. labour and overhead costs.
8.4.2.3. Information technology - Total in use
Sum of line items Hardware and software application costs and Development and other on costs.
8.4.3. Other information technology
Report other Information technology expenditure which is not separately reported above.
8.4.4. Total information technology (WIP plus In Use plus Other information technology
Sum information technology WIP, In use here and other information technology.
8.5. Accumulated depreciation/amortisation - Information technology
Report accumulated depreciation/amortisation in total for all Information technology assets.
8.6. Total information technology net of accumulated depreciation/amortisation
8.7. Other
Report other fixed asset items not specifically mentioned above; e.g. leasehold improvements and capital leases.
8.8. Accumulated depreciation/amortisation – Other
Report accumulated depreciation relating to Other.
8.9. Total Other net of accumulated depreciation/amortisation
Deduct accumulated depreciation/amortisation from the gross values for Other fixed assets.
8.10. Net fixed assets
Deduct Accumulated depreciation/amortisation from the gross values for Property, plant and equipment, Information technology and Other.
Intangible assets
The reporting of intangible assets should be in accordance with Australian accounting pronouncements.
9.1. Intangible assets
Record the aggregate value of all intangible assets.
9.2. Accumulated amortisation
Include the total amount of amortisation of intangible assets, over the period from the date of acquisition to the end of the reporting period.
9.3. Net Intangible assets
Subtract the “Accumulated amortisation” from the “Intangible assets”.
10. Other assets
10.1. Interest receivable
Include interest accrued for but not yet received.
10.2. Capitalised debt raising/funding costs
Report costs associated with debt raisings and other similar transaction related costs.
10.3. Capitalised costs associated with establishing/setting up securitisation vehicles/programs
Report the balance of securitisation establishment costs that are capitalised and deferred.
10.4. Capitalised loan and lease origination fees and commissions paid to mortgage originators and brokers
Report origination fees and commissions deferred.
10.5. Other capitalised expenses of a general nature
Report any other capitalised expenses not reported above.
10.6. Unrealised gains on trading derivatives
Traded derivative financial instruments should be reported at their net fair value in “Other Assets” when favourable to the reporting entity. These derivative positions may be speculation or hedging physical trading positions/portfolios.
Fair values are obtained from quoted market prices, discount cash flow models and options pricing models.
10.7. Future income tax benefits
“Future income tax benefits” are to be calculated and recognised in accordance with AASB 1020. The amounts calculated and recognised must be noted separately in the following categories:
10.7.1. From tax losses
Report all future income tax benefits arising out of tax.
10.7.2. Provision for doubtful debts
10.7.2.1. Specific provision for doubtful debts
Report all future income tax benefits associated with specific provision for doubtful debts.
10.7.2.2. General provision for doubtful debts
Report all future income tax benefits associated with general provision for doubtful debts.
10.7.3. Other
Report all future income tax benefits other than from tax losses and provision for doubtful debts.
10.8. Loan/credit card servicing rights
Report the carrying value of purchased loan (e.g. mortgages) and credit card relationships when the reporting entity purchases the right to receive existing loan payments and credit card receivables in consideration for providing lending and credit card services to those customers. Also report any purchased loan/credit card servicing rights arising in the acquisition of an entire financial institution. The carrying value consists of the cost of the servicing right less accumulated amortisation for the right.
10.9. Property purchased/held for resale
Include all property that has been acquired or is held available for sale. This may include land developments, land and buildings, other property (e.g. motor vehicles).
10.10. Items in suspense
Report suspense or unreconciled/unidentified transactions/balances here. A list of examples is not provided as these may vary between institutions. It is recommended that the institutions internal procedures be adopted regarding the recording and reporting of these types of balances.
10.11. Other
Include all other assets not separately identified above.
For example, include:
Commodities other than gold bullion;
Valuables;
Artwork;
Other receivables (commissions and fees); and
Prepayments.
Exclude:
Deposits, loans and other claims on related parties of the reporting entity, including claims on the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. These claims should be reported to the relevant item above.
10.12. Total other assets
Sum all the reporting items listed under “Other assets”.
11. Total assets
Sum all assets.
11.1.1. Total assets of which deposits, debt securities and loans to controlled entities and associates – subordinated
Report the total amount of investments of a subordinated nature in controlled entities or associates of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be included where appropriate.
A subordinated debt is a loan or debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.2. Total assets of which deposits, debt securities and loans to controlled entities and associates – secured
Report the total amount of investments of a secured nature in controlled entities or associates of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be included where appropriate.
A secured debt is a loan or debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.3. Total assets of which deposits, debt securities and loans to controlled entities and associates – other
Report the total amount of investments other than subordinated or secured in nature, in controlled entities or associates of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be included where appropriate.
11.2.1. Total assets of which deposits, debt securities and loans to the parent entity – subordinated
Report the total amount of investments of a subordinated nature in the parent entity of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be included where appropriate.
A subordinated debt is a loan/debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.2. Total assets of which deposits, debt securities and loans to the parent entity – secured
Report the total amount of investments of a secured nature in the parent entity of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be included where appropriate.
A secured debt is a loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.3. Total assets of which deposits, debt securities and loans to the parent entity – other
Report the total amount of investments other than subordinated or secured in nature, in the parent entity of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be included where appropriate.
Memo items
12.1. Outstanding value of all assets held at the reporting date that have been securitised
Report the outstanding value of assets originated by the ADI and securitised.
12.2. Credit card chargebacks paid to card issuers during the reporting period
For SCCIs that are acquirers of credit card transactions for merchants, report the total value of chargebacks (transactions charged back to the merchant under card scheme rules as a result of disputes or fraud) paid to card issuers during the reporting period.
Section B: Liabilities
1. Due to clearing houses
Only include amounts due to recognised clearinghouses such as the ASXCH and SFXCH in Australia or overseas. Include margin calls from stock and derivative exchanges which are payable.
Due to financial institutions
Include:
settlement account balances – Austraclear, and RITS balances with banks and non-bank financial institutions;
amounts owing to banks and other financial institutions in relation to the payments system;
items in the course of collection – due to banks and other financial institutions in relation to the payments system;
amounts due in relation to an involvement in an overseas payments system;
Securities purchased not delivered/security settlements – record payables for unsettled purchases of securities only with financial institutions here. This item only arises if securities are recorded on a settlement date basis as opposed to a trade date basis; and
Vostro balances from banks and non-bank financial institutions.
This reporting item should be brought to account at the gross value of the outstanding balance. Interest is taken to profit and loss when earned.
2.1. Due to RBA
Include settlement account balances due to the RBA. Funds borrowed from the RBA should also be reported in this data item.
2.2. Due to banks
Include settlement account balances due to other Australian resident banks.
2.3. Due to other ADIs
Include settlement account balances due to other ADIs.
2.4. Due to registered financial corporations
Include settlement account balances due to Registered Financial Corporations.
2.5. Due to other financial institutions
Include settlement account balances due to other financial institutions.
2.6. Total due to financial institutions
Sum the reporting items for amounts due to Australian resident financial institutions.
3. Acceptances
Acceptances comprise undertakings by an ADI to pay bills of exchange drawn on customers. The ADI expects most acceptances to be presented before being reimbursed by the customers. These bills of exchange are not held as part of the ADI’s asset portfolio. Acceptances are accounted for and disclosed as a liability with a corresponding contra asset. The contra asset is recognised to reflect the ADI’s claim against each drawer of the bills of exchange.
Bills of exchange that have been accepted and held in an ADI’s asset portfolio should be excluded from this item. Include these holdings of own acceptances under either Trading Securities or Investment Securities.
Netting is allowed in accordance with the requirements specified in the Australian accounting standards (i.e. only if there is a legal right to set off and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).
Acceptances generate fee income that is taken to profit and loss when earned.
Accounts which provide checking facilities of any kind. This account can either be interest bearing or non-interest bearing. This account may be linked with other accounts offering transaction or non-transaction facilities. Do not include accounts which have a cheque facility but a cheque book has never been issued.
Other payment methods
Accounts from which payments may be made to third parties – ATMs, debit card or another electronic device.
All deposits are to be reported net off any setoffs (only if in accordance with AASB 1014).
Exclude from this classification:
negotiable and transferable certificates of deposit;
subordinated debt issues;
subordinated loans;
loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity;
Securities sold under agreements to repurchase;
treasury related short-term borrowings from other banks; and
The term households/retail is to be interpreted in the same way as for loans and advances.
4.1.2.2. Deposits: Call/on demand: Non-transaction accounts – Other
Include all other non-transaction deposit call accounts from other parties that are not classified as being from households.
4.2. Term deposits
An account in which money has be placed for a fixed period for a stated interest rate.
4.2.1. Term deposits – Households/retail
The term households/retail is to be interpreted in the same way as for loans and advances.
4.2.2. Term deposits – Other
Include all other term deposit accounts from other parties that are not classified as being from households.
4.3. Deposits: Certificates of deposit
Certificates of deposit are negotiable bearer debt securities. They are issued at a discount to the face value and do not require endorsement when sold.
4.4. Deposits: Retirement saving accounts
Retirement savings accounts (RSAs) are low risk/low return capital guaranteed products subject to the same restrictions as other superannuation products. Only an approved deposit taking institution, building society, credit union, life insurance company or a prescribed financial institution can be approved as an RSA. Some superannuation funds offer RSA lookalike products, but RSA's themselves are specifically approved non-trustee institutions.
4.5 Deposits: Other
Record in aggregate all other forms of deposits that are not included in the deposit account classifications noted above. For SCCIs, report all incidental credit balances on credit card accounts within this item (i.e. credit balances arising in the normal course of the SCCI’s credit card operations, such as prepayments by or refunds to credit card holders).
4.6 Total deposits
Sum the total of “Transaction”, “Non-transaction”, “Term deposits”, “Certificates of deposit” and “Other”.
5. Other borrowings
Include:
Securities sold under agreements to repurchase;
Subordinated loans with a residual maturity of 12 months or less;
Short-term loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity;
Treasury related short-term borrowings from other banks;
Promissory notes with a residual maturity of 12 months or less;
Commercial paper with a residual maturity of 12 months or less; and
Short-term debt securities from the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Exclude:
Negotiable and transferable certificates of deposits;
Subordinated loans, Promissory notes, Commercial paper with a residual maturity greater than 12 months; and
Deposits.
Securities sold under agreements to repurchase
These transactions are to be recorded consistently with International Accounting Standard 39.
Where the transferee of the stock effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying stock is not effectively transferred), these transactions are to be accounted for as collateralised lending activities (treating stock lending as on balance sheet exposures). Securities sold under agreements to repurchase, represents the payable due to counterparties with whom the stock has been lent and from whom cash has been lodged. Under this method of accounting the banks physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected.
5.2 Promissory notes/commercial paper
Report all borrowings by the reporting entity in the form of commercial paper or promissory notes. Commercial paper or promissory notes are short-term debt securities usually issued with an original term to maturity of less than 180 days.
Include all commercial paper or promissory notes issued with a residual term to maturity of 12 months or less. Commercial paper or promissory notes with a residual maturity greater than 12 months should be reported as “long-term debt”.
5.3 Other short-term debt securities
Report all borrowings by the reporting entity in the form of short-term debt securities, other than certificates of deposits and promissory notes/commercial paper (identified above).
Include all debt securities issued with a residual term to maturity of 12 months or less. Other debt securities with a residual maturity greater than 12 months should be reported as “long-term debt”.
5.4.1. Short-term loans from ADIs/banks - Variable
Report all borrowings by the reporting entity in the form of variable interest rate short-term loans from ADIs/banks.
A loan is considered to be short-term if its residual term to maturity is of 12 months or less.
Settlement account balances due to other banks should be separately identified and reported as “Due to financial institutions: Banks”.
5.4.2. Short-term loans from ADIs/banks - Fixed
Report all borrowings by the reporting entity in the form of fixed interest rate short-term loans from ADIs/banks.
A loan is considered to be short-term if its residual term to maturity is of 12 months or less.
Settlement account balances due to other banks should be separately identified and reported as “Due to financial institutions: Banks”.
5.5.1. Short-term loans: Other - Variable
Report all borrowings by the reporting entity in the form of variable interest rate short-term loans from counterparties other than banks and other ADIs.
A loan is considered to be short-term if its residual term to maturity is of 12 months or less.
Amounts due to clearing houses should be separately identified and reported as “Due to clearing houses”. Settlement account balances should be separately identified and reported as “Due to financial institutions.
5.5.2. Short-term loans: Other - Fixed
Report all borrowings by the reporting entity in the form of fixed interest rate short-term loans from counterparties other than banks and other ADIs.
A loan is considered to be short-term if its residual term to maturity is of 12 months or less.
Amounts due to clearing houses should be separately identified and reported as “Due to clearing houses”. Settlement account balances should be separately identified and reported as “Due to financial institutions.
5.6. Total other borrowings
Sum the component parts listed under “Other borrowings”.
6. Income tax liability
6.1. Provision for income tax
This is defined in accordance with AASB 1020 ‘Accounting for Income Taxes’. In addition, this should relate to Australian business operations.
6.2. Provision for deferred income tax
This is defined in accordance with AASB 1020 ‘Accounting for Income Taxes’. In addition, this should relate to Australian business operations.
6.3. Total income tax liability
Sum the income tax liability items relating to Australian business operations.
7. Provisions
7.1. Dividends
A provision for dividends is the allowance that the reporting entity has made in terms of the obligation for declared dividends.
7.2. Employee entitlements
This includes provisions for long service leave, annual leave, staff housing loan benefits, health fund subsidy and other employee entitlements. This should be reported in accordance with the requirements of AASB 1028: Accounting for Employee Entitlements.
7.3. Non-lending losses
Include:
Provision for self insurance;
Frauds;
Litigation, fraud detection and prevention;
Forgeries; and
Non-transferred insurance risks.
7.4. Restructuring costs
Report all provisions raised for the restructuring of an organisation.
Include:
Severance, termination and redundancy payments
Integration costs
7.5. Other provisions
Report all other provisions not identified above.
Include:
Specific provision for off-balance sheet credit related commitments;
Leased premises surplus to current requirements; and
Provision for subsidiary integration costs.
7.6. Total provisions
Sum all the “Provisions” reporting items.
8. Bonds, notes and long-term borrowings
Bonds, notes and long-term borrowings have a residual term to maturity of more than one year. This includes loans and debt securities.
8.1. Debt securities
Report debt securities that have been issued and have a residual term to maturity of more than one year. Measurement is to be consistent with Australian accounting standards
As a guide include:
bonds;
debentures;
unsecured notes;
fixed-interest securities;
medium-term notes (MTNs);
inflation-indexed bonds;
floating-rate notes (FRNs);
other floating-rate debt securities;
mortgage-backed bonds;
asset-backed bonds;
Euro notes;
Euro bonds;
Euro medium-term notes;
non-participating preference shares (a special type where the holder has no entitlement to a share in the residual value on dissolution of the issuing company); and
subordinated bonds and notes.
As a guide exclude:
hybrid securities;
trading derivatives;
convertible notes prior to conversion;
negotiable and transferable certificates of deposit;
subordinated debt issues with a residual maturity of 12 months or less;
promissory notes with a residual maturity of 12 months or less;
commercial paper with a residual maturity of 12 months or less; and
short-term debt securities from the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
8.2. Loans
Report the face value of all loans and borrowings that have a residual term to maturity of more than one year.
Include:
secured and unsecured borrowings;
financial lease agreements;
term loans;
mortgages;
commercial loans;
equity participation in leveraged leases;
redeemable preference share finance; and
loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Exclude:
loan capital (e.g. subordinated loans);
short-term loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity; and
treasury related short-term borrowings from other banks.
Long-term loans – Variable rate
Report the face value of all variable interest rate loans and borrowings that have a residual term to maturity of more than one year.
8.2.2. Long-term loans – Fixed rate
Report the face value of all fixed interest rate loans and borrowings that have a residual term to maturity of more than one year.
8.3. Total bonds, notes and long-term borrowings
Sum the total face value of all "Bonds, notes and long-term borrowings"
9. Creditors and other liabilities
9.1. Interest payable
Include interest accrued for but not yet paid.
9.2. Unearned interest
Include interest received but not yet earned e.g. interest received in advance on fixed interest loan portfolio.
9.3. Unrealised losses on trading derivatives
Traded derivative financial instruments should be reported at their fair value in “Other Liabilities” when unfavourable to the reporting entity.
Fair values are obtained from quoted market prices, discount cash flow models and options pricing models.
9.4. Items in suspense
Report suspense or unreconciled/unidentified transactions/balances here that are in a liability position. A list of examples is not provided as these may vary between institutions. It is recommended that the institutions internal procedures be adopted regarding the recording and reporting of these types of balances.
9.5. Due to merchants
For SCCIs, report any amounts owed to merchants as a result of acquiring credit card transactions.
9.6. Other
Include other liabilities not separately identified above. E.g. unearned fees and commission received in advance but not recognised as earned for accounting purposes.
Exclude:
Deposits, loans and other liabilities to related parties of the reporting entity, including liabilities to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. These liabilities should be reported to the relevant item above.
9.7. Total creditors and other liabilities
Sum the reporting items listed under “Creditors and other liabilities”.
10. Loan capital and hybrid securities
Report the face value of all loan capital and hybrid securities and have a residual term to maturity of more than one year.
Classification is to be consistent with AASB 1033 ‘Presentation and Disclosure of Financial Instruments’.
As a guide include:
preference shares;
convertible notes; and
subordinated loans of a residual maturity of more than one year.
10.1. Members withdrawable shares
Include the value of credit union member withdrawable shares. This item should be prepared in accordance with the APRA prudential treatment and not applicable accounting standards. For prudential purposes, a credit union member share is classified as a liability and is not capital. In the event of redemption, the liability would be reduced by the issue value of shares redeemed.
10.2. Loan capital
As a guide include:
subordinated loans of a residual maturity of more than one year.
10.3. Hybrid securities
As a guide include:
converting preference shares; and
convertible notes.
10.4. Total loan capital and hybrid securities
Total all “Loan capital and hybrid securities” items listed above.
11. Total liabilities
Sum all liabilities.
11.1.1. Total liabilities of which deposits, debt securities and loans from controlled entities and associates – subordinated
Report the total amount of liabilities of a subordinated nature from controlled entities or associates of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A subordinated debt is a loan/debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.2. Total liabilities of which deposits, debt securities and loans from controlled entities and associates – secured
Report the total amount of liabilities of a secured nature from controlled entities or associates of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.3. Total liabilities of which deposits, debt securities and loans from controlled entities and associates – other
Report the total amount of liabilities other than subordinated or secured in nature, from controlled entities or associates of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
Total liabilities of which deposits, debt securities and loans from the parent entity – subordinated
Report the total amount of liabilities of a subordinated nature from the parent entity of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A subordinated debt is a loan/debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.2. Total liabilities of which deposits, debt securities and loans from the parent entity – secured
Report the total amount of liabilities of a secured nature from the parent entity of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.3. Total liabilities of which deposits, debt securities and loans from the parent entity – other
Report the total amount of liabilities other than subordinated or secured in nature, from the parent entity of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
11.3. Total liabilities of which other secured deposits, debt securities and loans
Report the total amount of liabilities of a secured nature from parties other than the parent, controlled or associated entities of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
Section C: Net Assets
Subtract total liabilities from total assets
Section D: Shareholders’ Equity
Note:
On a monthly basis, institutions only need to provide shareholders’ equity value in aggregate, however the detailed disclosure may be provided if the institution prefers.
On a quarterly basis, (month ending on a calendar quarter e.g. March, June, September, December), the full detail of shareholders value is to be provided.
1. Share capital
1.1. Ordinary shares
Include ordinary share capital on issue.
1.2. Preference shares
Preference shares have a priority over dividend payments and to the assets of the reporting company.
1.3. Other
Include any other form of share capital not included above (e.g. income securities).
1.4. Total share capital
Total all “Share capital” items listed above.
2. Reserves
2.1. General reserves
This is derived from revenue profits and is mostly available for dividend payment.
2.2. Capital profits reserve
Capital profits reserve represents the realised value of revaluations associated with an asset or class of assets that have been disposed of. These assets have been subject to the fair value basis of measurement and revaluations accounted for in accordance with accounting standard AASB 1041 ‘Revaluation of Non-Current Assets’. Due to the disposal of these assets, the balance of the Asset Revaluation Reserve associated with these assets has been transferred to a capital profits reserve.
2.3.1. Asset revaluation reserve – Property, plant and equipment
Include balance of the asset revaluation reserve relating to the revaluation of property, plant and equipment.
2.3.2. Asset revaluation reserve - Intangibles
Include balance of the asset revaluation reserve relating to the revaluation of intangible assets.
2.3.3. Asset revaluation reserve – Investment in subsidiaries
Include the balance of the asset revaluation reserve relating to the revaluation of investment in subsidiaries.
2.3.4. Asset revaluation reserve – Investments in associates/share of associates ARR
Include the balance of the asset revaluation reserve relating to the revaluation of investments in associates.
2.3.5. Asset revaluation reserve - Other
Asset revaluation reserve relating to the revaluation of other assets.
2.5. Foreign currency translation reserve
Include the exchange rate differences arising on translation of assets and liabilities in accordance with AASB 1012 ‘Foreign Currency Translation’.
2.6. Other reserves
Include all reserves not separately identified above. Report dividend reinvestment plan reserve in this reporting item.
2.7. Total reserves
Sum the reporting items listed under “Reserves”.
3. Retained profits or accumulated losses at the end of the period
4. Total shareholders’ equity
Sum the reporting items: “Shareholders’ equity attributable to shareholders of the company”.