SCHEDULE 1Form and Content of Accounts of Banking Companies and Groups

CHAPTER IIINotes to the Accounts

Information supplementing the balance sheet

Reserves and provisions59

1

Where any amount is transferred:

a

to or from any reserves;

b

to any provisions for liabilities and charges; or

c

from any provision for liabilities and charges otherwise than for the purpose for which the provision was established;

and the reserves or provisions are or would but for paragraph 3(3) of this Part be shown as separate items in the company’s balance sheet, the information mentioned in sub-paragraph (2) shall be given in respect of the aggregate of reserves or provisions included in the same item.

2

That information is:

a

the amount of the reserves or provisions as at the date of the beginning of the financial year and as at the balance sheet date respectively;

b

any amounts transferred to or from the reserve or provisions during that year; and

c

the source and application respectively of any amounts so transferred.

3

Particulars shall be given of each provision included in Liabilities item 6(c) (Other provisions) in the company’s balance sheet in any case where the amount of that provision is material.