CA-2.1.5
Past version: Effective from 18 Jul 2025 to 30 Jun 2007
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Tier 1 capital comprises:
(a) paid-up ordinary shares;
(b) share premium reserve;
(c) perpetual non-cumulative preference shares, but excluding cumulative preference shares;
(d) general reserves, including statutory reserves, but excluding revaluation reserves;
(e) unappropriated retained earnings brought forward;
(f) audited current year's earnings 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.