Specialized Financial Accounting

Specialized Financial Accounting

Reporting institutions shall present a statement of financial position that groups assets and liabilities by nature, listed in an order that reflects the relative liquidity of the groups of assets and liabilities.Similarly, a statement of comprehensive income should reflect income and expenses grouped by nature, quantifying the principal types of income and expenses. | |
The explanatory notes to be disclosed in the annual financial statements of banking institutions shall include the following information:(a) deposits from customers with a breakdown by:(i) types of deposits (e.g. demand, savings, term)(ii) types of customers (e.g. Government, business enterprises)(iii) maturity structures of term deposits3 (e.g. < 6 months, 6-12 months, 1-3 years) | |
loans, advances and financing with a breakdown by:(i) measurement basis (e.g. amortised cost, fair value)· for fair value through profit or loss, show separately thosedesignated as fair value upon initial recognition, and thoseclassified as held-for-trading(ii) types of loans/financing (e.g. overdrafts, term loans/financing,revolving credit, hire-purchase, housing loans/financing)(iii) geographical distribution(iv) interest rate/profit rate sensitivity (e.g. fixed rate, variable rate)(v) sector or economic purpose(vi) residual contractual maturity (e.g. up to 1 year, 1-5 years, > 5 years) | |
A movement schedule of impairment provisions segregated between individual impairment and collective impairment and showing separately the amount charged and the amount utilised to write-off impaired loans during the year. | |
Loans, advances and financing classified as impaired4 (irrespective of whether provisions are made) with separate disclosures of:(i) a movement schedule showing separately the amount classifiedduring the year as impaired, amount reclassified as non-impaired,amount recovered and amount written off(ii) a breakdown of impaired loans, financing and advances bygeographical area and by sector...

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