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CA-2.1.5

Tier 1 capital comprises:

(a) Paid-up ordinary shares (net of treasury shares);
(b) Share premium reserve;
(c) Perpetual non-cumulative preference shares;
(d) General reserves, including statutory reserves, but excluding revaluation reserves;
(e) Unappropriated retained earnings brought forward;
(f) Audited retained profits net of declared dividends and tax expenses;
(g) Current year appropriations including statutory reserves, general reserves and other appropriations; and
(h) Minority interests, arising on consolidation, in the equity of subsidiaries which are less than wholly owned.

LESS:

(i) Goodwill; and
(j) Current year's cumulative net losses which have been reviewed or audited as per the International Standards on Auditing (ISA) by external auditors.
Amended: October 2009
Amended: January 2008
Amended: January 2007