BankVic Annual Report 2019
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Note 23: Regulatory Capital Reconciliation<br />
i. Tier 1 Capital<br />
<strong>2019</strong><br />
$’000<br />
2018<br />
$’000<br />
General Reserve 15,000 15,000<br />
Redeemed Preference Share Capital Account 487 451<br />
Retained Earnings 163,151 161,504<br />
Less Deduction’s from Tier 1 Capital<br />
178,638 176,955<br />
Deferred Tax Assets (1,560) (1,804)<br />
Intangible Assets – Software - -<br />
Equity Investment in Indue Ltd. (2,205) (2,205)<br />
Equity Investment in SPP Pty Ltd (20) (20)<br />
(3,785) (4,029)<br />
Total Tier 1 Capital 174,853 172,926<br />
ii. Tier 2 Capital<br />
General Reserve for Credit Losses 6,998 677<br />
Total Tier 2 Capital 6,998 677<br />
Total Regulatory Capital 181,851 173,603<br />
iii. Capital Ratios<br />
Tier 1 Capital 17.8% 19.6%<br />
Total Regulatory Capital 18.5% 19.7%<br />
Reconciliation of Regulatory Capital to Balance Sheet<br />
Total Members Funds 185,636 177,632<br />
Less Deductions from Tier 1 Capital (3,785) (4,029)<br />
Total Regulatory Capital 181,851 173,603<br />
Police Financial Services Limited is using the post 1 January 2018 common disclosure template because it is fully applying the<br />
Basel III regulatory adjustments as implemented by APRA.<br />
Legal Entities included<br />
Police Financial Services Limited<br />
Impetus Funding Trust No. 1<br />
Note 24: Events Subsequent To Balance Date<br />
There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event<br />
of a material and unusual nature likely, in the opinion of the Directors of the Company, to affect significantly the operations of the<br />
Company, the results of those operations, or the state of affairs of the Company, in future financial years.<br />
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