Back Custom print Link Text Only Rich Text Print

  • Core Capital

    • CA-1.1.6

      Core capital shall consist of the sum of items (a) to (e) below, less the sum of items (f) to (h) below:

      (a) Issued and fully paid ordinary shares (net of treasury shares);
      (b) Share premium reserve;
      (c) Preference shares;
      (d) All disclosed reserves brought forward, that are audited and approved by the shareholders, in the form of legal, general and other reserves created by appropriations of retained earnings; and
      (e) Retained earnings (losses) brought forward, including reviewed interim profits;

      LESS:

      (f) Goodwill;
      (g) Current interim cumulative net losses; and
      (h) Other deductions, as specified by the CBB.
      Amended: October 2014
      January 2013

    • CA-1.1.7

      Only interim profits which have been reviewed as per IAS 34 may be included as core capital.

      Amended: October 2014
      January 2013