SUNCORP GROUP LIMITED Release date: 11 February 2016
APS330
as at 31 December 2015
Basis of preparation
This document has been prepared by Suncorp Bank to meet the disclosure obligations under the Australian Prudential Regulation Authority (APRA) Australian Prudential Standard (APS) 330 Public Disclosure.
Suncorp Bank is represented by Suncorp-Metway Limited (SML) and its subsidiaries. SML is an authorised deposit-taking institution (ADI) and a wholly owned subsidiary of Suncorp Group Limited. Suncorp Group is represented by Suncorp Group Limited and its subsidiaries.
Other than statutory information required by a regulator (including APRA), all financial information is measured in accordance with Australian Accounting Standards. All figures have been quoted in Australian dollars and have been rounded to the nearest million.
This document has not been audited nor reviewed in accordance with Australian Auditing Standards. It should be read in conjunction with Suncorp Group's consolidated annual and interim financial reports which have been either audited or reviewed in accordance with Australian Auditing Standards.
Figures relate to the quarter ended 31 December 2015 (unless otherwise stated) and should be read in conjunction with other information concerning Suncorp Group filed with the Australian Securities Exchange (ASX).
Disclaimer
This report contains general information which is current as at 11 February 2016. It is information given in summary form and does not purport to be complete.
It is not a recommendation or advice in relation to the Suncorp Group and Suncorp Bank or any product or service offered by its entities. It is not intended to be relied upon as advice to investors or potential investors, and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate.
The information in this report is for general information only. To the extent that the information may constitute forward-looking statements, the information reflects Suncorp Group's intent, belief or current expectations with respect to our business and operations, market conditions, results of operations and financial condition, capital adequacy, specific provisions and risk management practices at the date of this report. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties, many of which are beyond Suncorp Group's control, which may cause actual results to differ materially from those expressed or implied.
Suncorp Group and Suncorp Bank undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date of this report (subject to ASX disclosure requirements).
Registered Office Investor Relations
Level 28, 266 George Street, Mark Ley
Brisbane Queensland 4000 Head of Investor Relations
Telephone: (07) 3362 1222 Telephone: (02) 8121 1221
www.suncorpgroup.com.au mark.ley@suncorp.com.au
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APS330
as at 31 December 2015
Suncorp BankTable of contents
Basis of preparation 2
Regulatory capital reconciliation 4
Table 1: Capital disclosure template 6
Table 2: Main features of capital instruments 10
Table 3: Capital adequacy. 11
Table 4: Credit risk 12
Table 5: Securitisation exposures 17
Table 20: Liquidity coverage ratio disclosure 18
Appendix - Definitions 20
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Suncorp BankAPS330
as at 31 December 2015
REGULATORY CAPITAL RECONCILIATION
The following table discloses the consolidated balance sheet of SML and its subsidiaries (Suncorp Bank), as published in its reviewed consolidated interim financial report, and the balance sheet under the Level 2 regulatory scope of consolidation pursuant to APS 111 Capital Adequacy: Measurement of Capital.
Each component of capital reported below in Table 1: Common Disclosures - Composition of Capital can be reconciled to the balance sheets below using the reference letters included in both tables.
BALANCE SHEET | ADJUSTMENTS | BALANCE SHEET | REFERENCE |
PER PUBLISHED | UNDER | ||
REVIEWED | REGULATORY | ||
FINANCIAL | SCOPE OF | ||
STATEMENTS | CONSOLIDATION |
765 | 765 | |||
Cash and cash equivalents | - | |||
Receivables due from other banks | 464 | - | 464 | |
Trading securities | 1,119 | - | 1,119 | |
Derivatives | 663 | - | 663 | |
Investment securities | 5,520 | - | 5,520 | |
Investment in regulatory non-consolidated subsidiaries | - | 12 | 12 | (j) |
Loans, advances and other receivables | 52,941 | (2,872) | 50,069 | |
of which: eligible collective provision component of GRCL in tier 2 capital | (93) | (o) | ||
of which: loan and lease origination fees and commissions paid to mortgage originators and brokers in CET1 regulatory adjustments | 192 | (f) | ||
of which: costs associated with debt raisings in CET1 regulatory adjustments | 8 | (g) | ||
Deferred tax assets | 47 | - | 47 | |
of which: arising from temporary differences included in CET1 regulatory . adjustments | 51 | (e) | ||
Other assets | 191 | (34) | 157 | |
of which: loan and lease origination fees and commissions paid to mortgage originators and brokers in CET1 regulatory adjustments | 3 | (h) | ||
Goodwill and intangible assets | 21 | - | 21 | (d) |
Total assets | 61,731 | (2,894) | 58,837 | |
Liabilities | ||||
Payables due to other banks | (401) | - | (401) | |
Deposits and short-term borrowings | (44,022) | (13) | (44,035) | |
Derivatives | (358) | 11 | (347) | |
Securitisation derivatives in CET1 regulatory adjustments | - | (4) | (4) | (q) |
Payables and other liabilities | (422) | 9 | (413) | |
Due to regulatory non-consolidated subsidiaries | - | (44) | (44) | |
Securitisation liabilities | (3,154) | 2,919 | (235) | |
of which: securitisation start-up costs in CET1 regulatory adjustments | 8 | (i) | ||
Debt issues | (8,891) | - | (8,891) | |
Total liabilities excluding loan capital | (57,248) | 2,878 | (54,370) | |
Loan capital | - | |||
Subordinated notes | (742) | - | (742) | |
of which: directly issued qualifying tier 2 instruments | (670) | (m) | ||
of which: directly issued instruments subject to phase out from tier 2 | (72) | (n) | ||
Preference shares | - | - | - | (l) |
Total loan capital | (742) | - | (742) | |
Total liabilities | (57,990) | 2,878 | (55,112) | |
Net assets | 3,741 | (16) | 3,725 | |
Equity | (2,648) | (2,648) | ||
Share capital | - | (a) | ||
Capital notes | (450) | - | (450) | (k) |
Reserves | 262 | - | 262 | |
of which: equity component of GRCL in tier 2 capital | (96) | (p) | ||
of which: AFS reserve | (4) | (c) | ||
Retained profits | (905) | 16 | (889) | |
of which: included in CET1 | (520) | (b) | ||
Total equity | (3,741) | 16 | (3,725) |
DEC-15 | DEC-15 | DEC-15 |
$M | $M | $M |
Assets
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Suncorp Group Ltd. issued this content on 11 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 February 2016 21:52:26 UTC
Original Document: http://www.suncorpgroup.com.au/announcements-pdf/749649
