Professional Documents
Culture Documents
Part I
Part II
10
11
12
the fair value of financial assets at fair value through profit or loss
are included in the income statement in the period in which they
arise.
Gains and losses arising from changes in the fair value of
available-for-sale financial assets are recognised in other
comprehensive income until the financial asset is derecognised
or impaired, at which time the cumulative gain or loss previously
recognised in other comprehensive income is recognised in the
income statement.
13
14
15
Evidence of Impairment
Significant financial difficulty of the issuer or obligor.
A breach of contract, such as a default or delinquency in interest
or principal payments;
The Group granting to the borrower, for economic or legal
reasons relating to the borrowers financial difficulty, a
concession that the Group would not otherwise consider;
It becoming probable that the borrower will enter bankruptcy or
other financial reorganisation;
The disappearance of an active market for that financial asset
because of financial difficulties; or
16
17
18
19
20
Shareholders Equity
Ordinary shares
Ordinary shares are recognised at the amount paid up per
ordinary share net of directly attributable issue costs.
Retained Profits (as of 30 September, 2013)
21
Non-controlling interests
Non-controlling interests represents the share in the net assets of
subsidiaries attributable to equity interests that are not owned
directly or indirectly by the Parent Entity.
22
23
24
25
26
27
Part III
28
Credit
$50,000
$50,000
29
Recoveries:
The dollar amount of loans that were previously charged-off but
now collected.
Recoveries add to the balance in the Allowance for Loan Losses
account.
30
Beginning balance
+ Provisions for loan losses
Gross charge off
+ Recoveries
-------------------------------------------------------Ending balance
Net charge off = Gross charge-off - Recoveries
31