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.