Financial Sector (Collection of Data) determination No. 97 of 2005 - Reporting Standard ARS 332.0 (2005) - Statement of Economic Activity
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Licensed ADI
This refers to the operations of the reporting ADI on a stand-alone basis
Reporting period
This form is to be completed on a financial year-to-date basis. The financial information requested in this form is for the twelve month period ending on the last day of the financial year of the reporting ADI. Please note that Part B should be reported for the last pay period in the financial year of the reporting ADI.
Locally incorporated banks, Foreign ADIs, Special Service Providers, Credit Unions, Building Societies, Specialist Credit Card Institutions (SCCIs) and Cairns Penny Savings & Loans Limited should submit the completed form to APRA within 40 business days of the end of the financial year of the ADI.
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, Specialist Credit Card Institutions (SCCIs) and Cairns Penny Savings & Loans Limited 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.
- 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.
Specific instructions
The items listed under Include and Exclude are examples and should not be taken as a complete list of items to be included or excluded.