UNITY BANK LIMITED 2022 Financial Report UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315
ABN 11 087 650 315
27. ASSET REVALUATION RESERVE
2022 $'000
2021 $'000
6,254
6,254
Asset revaluation reserve - Land and Buildings
Movements in Reserves - Land and Buildings The asset revaluation reserve accounts for the unrealised gains on assets due to revaluation to fair value Balance at beginning of the year
6,254
6,884 (899) (269) 6,254
(Decrease) on revaluation Less: Deferred tax liability Balance at the end of year
- -
6,254
28. GENERAL RESERVE FOR CREDIT LOSSES
2,779
2,779
General Reserve for Credit Losses
General Reserve for Credit Losses This reserve records amount previously set aside as a General Provision and is maintained to comply with the Prudential Standards set down by APRA Balance at beginning of the year
2,779
2,779
Add: increase transferred from retained earnings
-
-
Balance at the end of year
2,779
2,779
29. FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (FVOCI) RESERVE
Balance at beginning of the year Add: increase in fair value during the year Balance at the end of the year
1,431
1,409
467
22
1,898
1,431
56
49
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