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CA-1.1.6

Past version: Effective from 01 Jan 2013 to 30 Sep 2014
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Core capital shall consist of the sum of items (a) to (e) below, less the sum of items (f) to (i) below:

(a) Issued and fully paid ordinary shares (net of treasury shares);
(b) Share premium reserve;
(c) Perpetual non-cumulative 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, excluding fair value reserve1; and
(e) Retained profit brought forward;

LESS:

(f) Goodwill;
(g) Current interim cumulative net losses;
(h) Unrealised gross losses arising from fair valuing securities2; and
(i) Other deductions, as specified by the CBB.

1 This refers to unrealised fair value gains reported directly in equity

2 This refers to both 'net losses taken through P&L' and 'gross losses reported directly in equity'.

January 2013