Reporting institutions must provide a statement of financial position that categorizes assets and liabilities based on nature, in a sequence that reflects the liquidity of the asset and liability groups. Also, a statement of comprehensive income should display income and expenses grouped by nature, specifying the key categories of income and expenses.
The annual financial statements of banking institutions must disclose explanatory notes that consist of information such as: (a) customer deposits with a breakdown by (i) deposit types (e.g., savings, term, demand) and (ii) customer types.
The text pertains to maturity structures of term deposits and loans, advances, and financing. Under term deposits, different maturity structures (such as less than 6 months, 6-12 months, and 1-3 years) are indicated for government and business enterprises. The loans, advances, and financing breakdown, on the other hand, includes measurement basis details.
...This information is presented with for formatting.
When reporting financial information, it is important to include various details such as the amortised cost and fair value. For assets classified as fair value through profit or loss, it is necessary to separate those that were designated as fair upon initial recognition and those that are held-for-trading. Additionally, information on different types of loans and financing should be provided, including overdrafts, term loans/financing, revolving credit, hire-purchase, and housing loans/financing. The geographical distribution, interest rate/profit rate sensitivity (such as fixed or variable rate), sector or economic purpose, and residual contractual maturity (including the remaining life of agreements) should also be included.
The text contains information about loans and impairments, including the duration of loans (up to 1 year, 1-5 years, and more than 5 years) and a schedule of impairmen
provisions separated by individual and collective impairments. It also includes details about the amount charged and utilised to write-off impaired loans during the year, along with a breakdown of impaired loans, financing, and advances by geographical location and sector. The disclosure requires a movement schedule showing the amounts classified as impaired during the year, reclassified as non-impaired, recovered, and written off.
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