Part 4.1 - Financial Sector (Collection of Data) (reporting standard) determination No. 49 of 2006 - Reporting Standard RRS 320.0 - Statement of Financial Position - Total acceptances of customers - Net | Zoe
Financial Sector (Collection of Data) (reporting standard) determination No. 49 of 2006 - Reporting Standard RRS 320.0 - Statement of Financial Position
4.1Total acceptances of customers - Net
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Acceptances comprise undertakings by a RFC to pay bills of exchange drawn on customers. These bills of exchange are not held as part of the RFC’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 RFC’s claim against each drawer of the bills of exchange.
Bills of exchange that have been accepted and held in a RFC’s asset portfolio can be included in the Statement of Financial Position 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.
Loans and advances
Loans and advances are investments of the RFC, which are deemed for this form not to be evidenced by the financing/issue of debt securities (e.g. bill financing). This type of financing/ investing is to be either recorded in the Trading Securities or Investment Securities.
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 should be brought to account at the gross value of the outstanding balance.
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 provision and collective provision 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 collective provision can be disclosed in aggregate. The specific provision and collective provision is a prudential classification determined in accordance with prudential standards.
5.1 Loans to households and persons
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.
5.1.1.1 (1) Housing: Owner-occupied – Gross of specific provisions and collective provision
Include:
the value of housing loans to Australian householders, for the construction or purchase of dwellings for owner occupation; and
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 and collective provisions.
5.1.1.1 (2) Housing: Owner-occupied – Specific provisions
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis.
Report the collective provision applied to this loan item if this is recorded or allocated by the institution on this basis.
5.1.1.1.1 (1) Housing: Owner-occupied – Of which revolving credit secured by residential mortgage – Gross of specific provisions and collective provision
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 and collective provision.
5.1.1.2 (1) Housing: Investment – Gross of specific provisions and collective provision
Include:
the value of investment housing loans to Australian householders, for the construction or purchase of dwellings for non-owner occupation; and
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 and collective provision.
5.1.1.2 (2) Housing: Investment – Specific provisions
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis.
Report the collective provision for this reporting line, if this is recorded or allocated by the institution on this basis.
5.1.1.2.1 (1) Housing: Investment – Of which revolving credit secured by residential mortgage – Gross of specific provisions and collective provision
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 and collective provision.
5.1.1.3 (2) Total housing – Specific provisions
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis.
5.1.1.3 (3) Total housing – Collective provision
Report the collective provision for this reporting line, if this is recorded or allocated by the institution on this basis.
5.1.1.3.1 (1) Total housing loans of which fixed interest rate – Gross of specific provisions and collective provision
Of the total reported for “Housing loans” identify the component that has a fixed interest rate. This reporting item should be reported gross of any specific provisions and collective provision.
5.1.1.3.2 (1) Total housing loans of which variable interest rate – Gross of specific provisions and collective provision
Of the total reported for “Housing loans” identify the component that has a variable interest rate. This reporting item should be reported gross of any specific provisions and collective provision.
5.1.2 (1) Revolving credit – Gross of specific provisions and collective provision
Include the gross value of loans of a revolving credit nature to Australian householders, which were 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 and collective provision.
5.1.2 (2) Revolving credit – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.1.2 (3) Revolving credit – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.1.2.1 (1) Revolving credit – Of which revolving credit secured by residential mortgage – Gross of specific provisions and collective provision
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 and collective provision.
5.1.2.2 (1) Revolving credit – Of which credit cards – Gross of specific provisions and collective provision
Include the gross value of credit card liabilities of Australian householders. This reporting item should be reported gross of any specific provisions and collective provision.
5.1.2.2 (2) Revolving credit – Of which credit cards – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.1.2.2 (3) Revolving Credit – Of which credit cards – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.1.2.3 (1) Revolving credit – Of which margin lending – Gross of specific provisions and collective provision
Of the total reported for “Revolving credit”, identify the component that is revolving credit facilities for the purpose of purchasing equities, where the underlying security is equities. This reporting item should be reported gross of any specific provisions and collective provision.
5.1.2.3 (2) Revolving Credit – Of which margin lending – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.1.2.3 (3) Revolving Credit – Of which margin lending – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.1.3 (1) Leasing - Gross of specific provisions and collective provision
Include the gross value of lease financing to Australian householders. This reporting item should be reported net of unearned revenue and gross of specific provisions.
5.1.3 (2) Leasing – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.1.3 (3) Leasing – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.1.4 (1) Other personal term loans – Gross of specific provisions and collective provision
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 and collective provision.
5.1.4 (2) Other personal term loans – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.1.4 (3) Other personal term loans – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.1.4.1 (1) Other personal term loans – Of which fixed interest rate – Gross of specific provisions and collective provision
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 and collective provision.
5.1.4.2 (1) Other personal term loans – Of which variable interest rate – Gross of specific provisions and collective provision
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.
Of the total reported for “Other personal term loans” identify the component that has a variable interest rate. This reporting item should be reported gross of any specific provisions and collective provision.
5.1.5 (1) Total loans to households and persons – Gross of specific provisions and collective provision
Sum the gross value of loans to Australian householders. This reporting item should be reported gross of any specific provisions and collective provision.
5.1.5 (2) Total loans to households and persons – Specific provisions
Report the specific provisions debts applied to this loan item.
5.1.5 (3) Total loans to households and persons – Collective provision
Report the collective provision for this reporting line.
5.2 Commercial lending to residents
5.2.1 (1) Loans to private trading corporations – Gross of specific provisions and collective provision
Include the gross value of loans to Australian private trading corporations.
5.2.1 (2) Loans to private trading corporations – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.2.1 (3) Loans to private trading corporations – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.2.1.1 (1) Loans to private trading corporations: 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 and collective provision.
5.2.1.2 (1) Loans to private trading corporations: Credit cards
Include the gross value of credit card liabilities by Australian counterparties.
5.2.1.3 (1) Loans to private trading corporations: Term loans
Include the gross value of term loans. Exclude loans to householders for the purpose of housing.
5.2.1.4 (1) Loans to private trading corporations: Leasing
Include the gross value of lease financing to counterparties.
This reporting item should be reported net of unearned revenue and gross of specific provisions.
5.2.1.5 (1) Loans to private trading corporations: FX denominated
Include the gross value of loans that are denominated in currencies other than Australian dollars, converted to AUD using the spot exchange rate effective as at the reporting date.
5.2.2 (1) Loans to public non-financial corporations – Gross of specific provisions and collective provision
Include the gross value of loans to Australian public non-financial corporations.
5.2.2 (2) Loans to public non-financial corporations – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.2.2 (3) Loans to public non-financial corporations – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.2.2.1 (1) Loans to public non-financial corporations: 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 and collective provision.
5.2.2.2 (1) Loans to public non-financial corporations: Credit cards
Include the gross value of credit card liabilities by Australian counterparties.
5.2.2.3 (1) Loans to public non-financial corporations: Term loans
Include the gross value of term loans. Exclude loans to householders for the purpose of housing.
5.2.2.4 (1) Loans to public non-financial corporations: Leasing
Include the gross value of lease financing to counterparties.
This reporting item should be reported net of unearned revenue and gross of specific provisions and collective provision.
5.2.2.5 (1) Loans to public non-financial corporations: FX denominated
Include the gross value of loans that are denominated in currencies other than Australian dollars, converted to AUD using the spot exchange rate effective as at the reporting date.
5.2.3 (1) Loans to unincorporated businesses and community service organisations – Gross of specific provisions and collective provision
Include the total gross value of loans to Australian CSOs and unincorporated businesses.
5.2.3 (2) Loans to unincorporated businesses and CSOs – Specific provisions
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis.
5.2.3 (3) Loans to unincorporated businesses and CSOs– Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.2.3.1 (1) Loans to unincorporated businesses and CSOs: 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 and collective provision.
5.2.3.2 (1) Loans to unincorporated businesses and CSOs: Credit cards
Include the gross value of credit card liabilities by Australian counterparties.
5.2.3.3 (1) Loans to unincorporated businesses and CSOs: Term loans
Include the gross value of term loans. Exclude loans to householders for the purpose of housing.
5.2.3.4 (1) Loans to unincorporated businesses and CSOs: Leasing
Include the gross value of lease financing to counterparties.
This reporting item should be reported net of unearned revenue and gross of specific provisions and collective provision.
5.2.3.5 (1) Loans to unincorporated businesses and CSOs: FX denominated
Include the gross value of loans that are denominated in currencies other than Australian dollars, converted to AUD using the spot exchange rate effective as at the reporting date.
5.2.4 (1) Loans to Banks – Gross of specific provisions and collective provision
Include the gross value of loans to Australian banks.
5.2.4 (2) Loans to Banks – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.2.4 (3) Loans to Banks – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.2.5 (1) Loans to other ADIs – Gross of specific provisions and collective provision
Include the gross value of loans to other Australian ADIs.
5.2.5 (2) Loans to other ADIs – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.2.5 (3) Loans to other ADIs – Collective provision
Report the collective provision for this reporting line, if this is recorded or allocated by the institution on this basis.
5.2.6 (1) Loans to RFCs – Gross of specific provisions and collective provision
Include the gross value of loans to RFCs.
5.2.6 (2) Loans to RFCs – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.2.6 (3) Loans to RFCs – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.2.7 (1) Loans to other financial corporations – Gross of specific provisions and collective provision
Include the gross value of loans to all other Australian financial corporations that are not banks or ADIs. This includes life insurance corporations, pension funds, other insurance corporations, central borrowing authorities and other financial institutions.
5.2.7 (2) Loans to other financial corporations – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.2.7 (3) Loans to other financial corporations – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.2.8 (1) Loans to Government – Gross of specific provisions and collective provision
Include the total gross value of loans to Commonwealth general government and State, Territory and local general government. This reporting item should be reported gross of any specific provisions and collective provision.
5.2.8 (2) Loans to Government – Specific provisions
Report the specific provisions applied to this loan item if this is recorded or allocated by the institution on this basis.
5.2.8 (3) Loans to Government – Collective provision
Report the collective provision for this reporting line if this is recorded or allocated by the institution on this basis.
5.2.9 (1) Total commercial lending - Gross of specific provisions and collective provision
Sum the gross value of commercial lending. This reporting item should be reported gross of any specific provisions and collective provision.
5.2.9 (2) Total commercial lending – Specific provisions
Report the aggregate specific provisions applying to commercial lending.
5.2.9 (3) Total commercial lending – Collective provision
Report the aggregate collective provision for this reporting line.
5.2.9.1 (1) Total commercial lending of which: Leasing
Report the gross total of leases from commercial lending. Leasing includes all finance, operating and leveraged leases.
5.3 (1) Total gross loans and advances – Gross of specific provisions and collective provision
Sum the gross value of loans and advances (to households and Commercial Lending).
5.3 (2) Total gross loans and advances – Specific provisions
Record the specific provisions applying to the total loan portfolio.
5.3 (3) Total gross loans and advances – Collective provision
Record the collective provision applying to the total loan portfolio.
5.3.1 (1) Total gross loans and advances of which: Margin lending
Lending for the purpose of purchasing equities, where the underlying security is equities.
5.3.2 (1) Total gross loans and advances of which: Loans and advances to rural producers
Record loans to rural producers. Use the following Australian and New Zealand Standard Industrial Classification (ANZSIC) categories:
ANZSIC
Types of Industry
011
Horticulture and Fruit Growing
012
Grain, Sheep and Beef Cattle Farming
013
Dairy Cattle Farming
014
Poultry Farming
015
Other Livestock Farming
016
Other Crop Growing
021
Services to Agriculture
5.3.3 (1) Total gross loans and advances of which: Loans held for sale
Loans held for sale are loans (e.g. mortgages) acquired and held by an RFC with the intention of resale in the short-term (i.e. within 12 months of acquisition).
5.4 Intra-group loans and advances
5.4.1 Total (gross of provisions for impairment and collective provision)
Report all intra-group loans and advances (which include loan categories as defined above) to related parties that are resident entities.
Include:
loans to related parties that are resident entities.
Exclude:
holdings of debt securities issued by related parties that are resident entities (report as Investment or Trading securities);
other accounts receivable (e.g. fees and commissions receivable) from related parties that are resident entities; and
account balances that qualify as deposits.
5.4.2 Total (net of provisions for impairment and collective provision)
Record the net loans and advances to related parties
Note: Specific provision and collective provision for Intragroup loans and advances are to be reported only if the data is already recorded and allocated on that basis by the institution. Otherwise the specific provision and collective provision can be disclosed in aggregate.
Intangible assets
Intangible assets have been divided into “intangible assets with a finite life” and “Intangible assets with an infinite life (including goodwill)”
Classification of assets as intangible must be in compliance with AASB 138 Intangible Assets. As a guide an ADI should adopt the disclosure used in its annual financial report.
6.1 Intangible assets with a finite life
Include total intangible assets with a finite life.
6.2 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.
6.3 Net intangible assets with a finite life
Subtract the “accumulated amortisation” from the “intangible assets with a finite life”.
6.4 Intangible assets with an infinite life (including goodwill)
Include total intangible assets with an infinite life.
6.5 Impairment
Include the total amount of impairment of intangible assets (including goodwill impairment) over the period from the date of acquisition to the end of the reporting period.
6.6 Net intangible assets with an infinite life
Subtract the “impairment” from the “intangible assets with an infinite life”.
Other domestic assets
7.1 Financial assets
7.1.1 Interest accruals not elsewhere included
Include:
interest accrued but not yet received and not accounted for elsewhere.
Exclude:
interest added to loan accounts; and
interest accrued on securities included in their carrying value.
7.1.2 Trade day vs settlement adjustments
Include any timing adjustments made to asset total for recording securities held on a settlement-day rather than trade-day basis.
7.1.3 Claims arising from repos and stock lending/borrowing
Include securities purchased under agreements to resell, stock borrowing.
Treatment is to be consistent with AASB 139. 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. 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 institution's physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected.
7.1.4 Derivative financial instruments
Include all trading and non trading derivatives consistent with the classification and measurement basis used for derivatives by institutions in accordance with AASB 132, AASB 7 and AASB 139. Derivative financial instruments should be reported at their net fair value in this item when favorable to the reporting entity. Fair values are obtained from quoted market prices, discount cash flow models and options pricing model.
7.1.5 Other accounts receivable
Include:
prepaid commissions, fees, premiums and other prepayments;
items in suspense - Report suspense or unreconciled/unidentified transactions/balances here; and
receivables not elsewhere included.
7.1.6 Defined benefit asset
Include defined benefit asset consistent with the classification and measurement basis used in AASB 119 Employee Benefits (AASB 119).
7.1.7 Tax asset
This is defined in accordance with AASB 112 Income Taxes (AASB 112).
Recognition of current and deferred tax assets are to be made in accordance with AASB 112.
7.2 Non-financial assets
Report any other investments not included elsewhere. The reporting of non-financial assets should be in accordance with applicable Australian accounting standards.
7.2.1 Operating lease arrangement receivables – Machinery and equipment
Report any receivables from operating leases of terms of one year or more for tangible assets (e.g. motor vehicles and other plant and equipment). Exclude Leasing of land and buildings.
7.2.2 Other non-financial assets
Report any other non financial assets not reported elsewhere.
Include:
plant, equipment, property, capitalised software;
physical stocks of commodities other than gold bullion;
valuables and artwork;
property purchased/held available for sale;
all property that has been acquired or is held available for sale. This may include land developments, land and buildings, Investment property and other property (e.g. motor vehicles); and
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 servicing right.
Total domestic assets
Sum all domestic assets.
Part 3 - Total assets
Sum all foreign and domestic assets.
Part 4 - Memo items
Outstanding principal balance of securitised assets
Report and provide a break up of the outstanding principal balance of all loans and other assets that have been sold to or originated into a SPV by or on behalf of the RFC or by a third party to a SPC Sponsored by the RFC (e.g. Warehouse Trust). Do not include in these amounts any assets reported in “total assets” above.
Include loans to:
households;
CSOs/non-profit institutions serving households;
non-financial corporations;
life insurance corporations;
pension funds;
other insurance corporations; and
other financial institutions (as defined in ‘Other Definitions’ above).
Exclude loans to:
general government;
RBA;
banks;
other ADIs;
RFCs;
central borrowing authorities; and
also exclude any securitized intra-group loans.
Section B: Liabilities
Part 1 - Liabilities issued to non-residents
Report all non-equity liabilities to non-residents, including liabilities to an overseas parent, subsidiaries, branches or associates. This includes:
Deposits
Include all deposit liabilities repayable to non-residents. This includes transferable deposits (those exchangeable on demand at par without restriction or penalty and are freely transferable by cheque) and other deposits, i.e. liabilities reflecting evidence of deposit, for example non-transferable savings deposits, time deposits.
Loans
Include financial liabilities that are created through the lending of funds by a creditor (the non-resident investor) to a debtor (the Australian reporting entity) through an arrangement in which the lender receives a non-tradable document or instrument or no security evidencing a transaction.
Debt securities
Include all debt securities issued by the Australian reporting entity to non-residents which are usually traded (or tradable) in organised or other financial markets.
Derivative financial instruments
Include all trading and non trading derivative contracts in a net liability position consistent with the classification and measurement basis used for derivatives by institutions in accordance with AASB 132, AASB 7 and AASB 139. Derivative financial instruments should be reported at their net fair value in this item when unfavourable to the reporting entity. Fair values are obtained from quoted market prices, discount cash flow models and options pricing models.
Other
Include the following liabilities issued to non-residents: trade credit liabilities; overdue settlements (arrears, or amounts past due and unpaid), miscellaneous accounts payable and any other liabilities not classified to the above categories.
Part 2 - Liabilities issued to residents
Deposits and placements due to
Deposits
This refers to deposits repayable to other domestic institutions. All deposits are to be reported net of any set-offs. Use the classification schema information that was provided as a reference guide at the start of this document to appropriately classify the sector disclosure required.
Include:
account balances from Australian banks and non-bank financial intermediaries such as merchant banks;
deposits from Australian banks and non-bank financial institutions;
$A equivalent of foreign currency deposits;
deposits from controlled and associated entities; and
purchased payment facilities such as smart cards and electronic cash.
Exclude:
negotiable and transferable certificates of deposit;
subordinated debt issues;
subordinated loans;
loans due to controlled entities and associates;
securities sold under agreements to repurchase;
treasury related short-term borrowings from other banks;
promissory notes; and
commercial paper.
Placements due to
This includes settlement account balances due to other domestic 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:
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; and
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.
1.2.1 Placements due to banks
Include settlement account balances due to other Australian resident banks.
1.2.2 Placements due to other ADIs and RFCs
Include settlement account balances due to other ADIs and RFCs.
1.2.3 Placements due to RBA
Include settlement account balances due to the RBA. Funds borrowed from the RBA should also be reported in this data item.
1.2.4 Placements due to other financial institutions
Include settlement account balances due to other financial institutions.
1.6 Total deposit and placement liabilities
Sum the reporting items for amounts reported for deposit and placement liabilities.
1.6.1 Total deposit and placement liabilities of which denominated in foreign currency (AUD equivalent)
Of the total amount reported for “total deposit and placement liabilities” identify the component that is denominated in a foreign currency. Report the Australian dollar equivalent of this foreign currency amount.
Due to clearing houses
Include amounts due to recognised clearing houses such as the ASXCH and SFXCH in Australia. Include margin calls from stock and derivative exchanges which are payable.
Acceptances
Acceptances comprise undertakings by an RFC to pay bills of exchange drawn on customers. The RFC expects most acceptances to be presented before being reimbursed by the customers. These bills of exchange are not held as part of the RFC’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 RFC’s claim against each drawer of the bills of exchange.
Bills of exchange that have been accepted and held in a RFC’s asset portfolio can be included in the Statement of Financial Position 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.
Other borrowings
Include:
subordinated loans with a residual maturity of 12 months or less;
short-term loans due to controlled entities and associates;
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;
short-term debt securities from controlled and associated entities;
negotiable and transferable certificates of deposits; and
subordinated loans, promissory notes, commercial paper with a residual maturity greater than 12 months.
Exclude:
deposits.
4.1 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 securities”.
4.2 Other short-term debt securities
Report all borrowings by the reporting entity in the form of short-term debt securities, other than promissory notes/commercial paper (identified above). Include negotiable and transferable certificates of deposits.
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 securities”.
4.3 Long-term debt securities
Report all borrowings by the reporting entity in the form of long-term debt securities. Include all debt securities issued with a residual term to maturity of greater than 12 months.
4.4.1 Short-term loans from ADIs - 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 “Deposits and Placements due to financial corporations: Banks”.
4.4.2 Short-term loans from ADIs - 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 “Deposits and Placements due to financial corporations: Banks”.
4.5.1 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 “Deposits and Placements due to financial corporations”.
4.5.2 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 “Deposits and Placements due to financial corporations”.
4.6.1 Long-term loans – Variable
Report all borrowings by the reporting entity in the form of variable interest rate long-term loans from all domestic counterparties.
A loan is considered to be long-term if its residual term to maturity is greater than 12 months.
4.6.2 Long-term loans - Fixed
Report all borrowings by the reporting entity in the form of fixed interest rate long-term loans from all domestic counterparties.
A loan is considered to be long-term if its residual term to maturity is greater than 12 months.
4.7 Total other borrowings
Sum the component parts listed under “Other Borrowings”.
Income tax liability
Recognition of current and deferred tax liabilities are to be made in accordance with AASB 112.
5.3 Total income tax liability
Sum the income tax liability items determined in accordance with AASB 112 above.
Other liabilities
6.1 Interest accruals not elsewhere included
Include:
interest accrued but not yet paid and not accounted for elsewhere.
Exclude:
interest added to loan and deposit accounts; and
interest accrued on securities included in their carrying value.
6.2 Trade day vs settlement adjustments
Include:
any timing adjustments made to liability total for recording securities held on a settlement-day rather than trade-day basis.
6.3 Claims arising from repos, stock lending
Include:
Securities sold under agreements to repurchase, stock lending
These transactions are to be recorded in accordance with AASB 139. 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. 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 RFC’s physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected.
6.4 Derivative financial instruments
Include all trading and non trading derivatives consistent with the classification and measurement basis used for derivatives by institutions in accordance with AASB 132, AASB 7 and AASB 139. Derivative financial instruments should be reported at their net fair value in this item when unfavorable to the reporting entity. Fair values are obtained from quoted market prices, discount cash flow models and options pricing models.
6.5 Other accounts payable
Include:
tax payable;
employee entitlements accrued;
prepaid commissions, fees, premiums and other prepayments received;
items in suspense - Report suspense or unreconciled/unidentified transactions/balances here; and
payables not elsewhere included.
6.6-6.7 Defined benefit liabilities
Include defined benefit liabilities consistent with the classification and measurement basis used in AASB 119.
Distinctions between current and non-current defined benefit liabilities are to be made in accordance with AASB 101 Presentation of Financial Statements.
Total liabilities issued to residents
Sum all liabilities issued to residents.
Part 3 - Total liabilities
Sum all liabilities issued to residents and non-residents.
Part 4 - Memo items
Contingent liabilities arising from bill endorsements
Endorsement of a bill of exchange creates a contingent liability by the endorser to pay out the funds conditional on the bearer/holder demanding payment.
Bills of exchange that have been endorsed and sold and are not in an RFC’s asset portfolio are included in this Memo item.
Bills of exchange that have been endorsed and held in an RFC’s asset portfolio are included in the Statement of Financial Position under either Trading Securities or Investment Securities.
Only endorsed bills where this entity is the first endorser of a non-ADI or RFC accepted bill should be included.
Include only these counterparties:
private trading corporations;
government non-financial corporations;
insurance corporations;
financial auxiliaries and other financial intermediaries; and
individuals, private unincorporated businesses, and CSOs.
Exclude:
bills of exchange accepted and then sold by the institution (these appear in acceptances); and
bills of exchange neither accepted nor endorsed.
Section C: Shareholders’ equity
Shareholders’ equity attributable to shareholders of the company.