UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315
UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315
• Preference share capital approved by the APRA that qualifies as Tier 1 capital. Tier 2 Capital
Tier 2 capital consists of capital instruments that combine the features of debt and equity in that they are structured as debt instruments, but exhibit some of the loss absorption and funding flexibility features of equity. There are a number of criteria that capital instruments must meet for inclusion in Tier 2 capital resources as set down by the APRA. Tier 2 capital generally comprises: • General reserve for Credit Losses • Tier 2 capital instruments – subordinated loan Capital in the Bank is made up as follows:
2022 $'000 6,254 1,898
2021 $'000 6,254 1,431
Tier 1 Common Equity Asset revaluation reserves on property
FVOCI Reserve Capital Reserve General Reserve Retained Earnings
733
712
2,981 113,181 125,047 (9,838) 115,209
2,981 105,853 117,231 (7,843) 109,388
Less Prescribed Deductions Net Tier 1 Common Equity
Tier 1 Additional Equity Additional Tier 1 Capital instruments Less Prescribed Deductions / adjustments Net Tier 1 Additional Equity
- -
- -
(202) (202)
(202) (202)
Total Tier 1 Capital
115,007
109,186
Tier 2 Capital Reserve for Credit Losses Less Prescribed Deductions Net Tier 2 Capital
2,779 2,779
2,779 2,779
-
-
2,779 117,786
2,779 111,965
Total Capital
The Bank ’s policy is to maintain a capital level of 14.5% as compared to the risk weighted assets at any given time. The risk weights attached to each asset are based on the weights prescribed by the APRA in its Guidance AGN 112-1. The general rules apply the risk weights according to the level of underlying security. The capital ratio as at the end of the financial year over the past 5 years is as follows:
2022
2021
2020
2019
2018
Basel lll 15.31%
Basel lll
Basel lll
Basel lll
Basel lll
15.19% 16.13% 16.50% 17.11%
58
65
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