Medicines and Related Substances Act, 1965
R 385
Banks Act, 1990 (Act No. 94 of 1990)RegulationsRegulations relating to BanksChapter II : Financial, Risk-based and other related Returns and Instructions, Directives and Interpretations relating to the completion thereof20. Income statementDirectives and interpretations for completion of monthly income statement (Form BA 120) |
| (1) | The content of the relevant return is confidential and not available for inspection by the public. |
| (2) | The columns titled "Current year to date" in form BA 120 shall reflect the year-to-date amounts in respect of the financial year of the reporting bank. In order to ensure that the relevant columns titled "Current year to date" in form BA 120 reconcile with the aggregate amounts reported in the columns titled "Current month" for the particular financial year of the reporting bank a bank shall include any adjustment to amounts previously incorrectly reported in the columns titled "Current month", provided that amounts reported in columns 7 to 9 of items 1 to 91 relate only to the relevant year-to-date amounts. |
| (3) | All income and expense items, including gains and losses, shall be divided between those items relating to the bank's banking activities and those items relating to the bank's trading activities. |
| (4) | Instructions relating to the completion of the monthly income statement are furnished with reference to the item descriptions and line item numbers appearing on the form BA 120, as follows (where appropriate, the corresponding balance sheet item number is indicated): |
Line item
number
| 1 | Interest and similar income |
The items listed in the income statement under this heading shall reflect interest income in respect of the corresponding asset items listed in the balance sheet, as follows:
|
Item description |
Income statement Form BA120 |
Corresponding item on the balance sheet Form BA100 |
|
Line item |
Line item |
|
|
Short term negotiable securities |
2 |
7 |
|
Loans and advances to customers |
3 |
12 |
|
• Home loans |
4 |
13 |
|
• Commercial mortgages |
5 |
14 |
|
• Credit cards |
6 |
15 |
|
• Lease and instalment debtors |
7 |
16 |
|
• Overdrafts |
8 |
17 |
|
• Redeemable preference shares and other equivalent instruments |
9 |
18 |
|
• Trade, other bills and bankers' acceptances |
10 |
19 |
|
• Term loans |
11 |
20 |
|
• Factoring accounts |
12 |
21 |
|
Government and other securities |
14 |
30 plus 31 plus 37 plus 38 |
| 16 | Interest expense and similar charges |
The items listed in the income statement under this heading shall reflect the interest expense in respect of the corresponding liability items listed in the balance sheet, as follows:
|
Item description |
Income statement Form BA120 |
Corresponding item on the balance sheet Form BA100 |
|
Line item |
Line item |
|
|
Deposits, current accounts and other creditors |
17 |
55 |
|
• Current accounts |
18 |
56 |
|
• Savings deposits |
19 |
57 |
|
• Term and other deposits |
20 |
58 plus 59 |
|
• Negotiable certificates of deposit |
23 |
60 |
|
• Other deposits and loan accounts |
24 |
61 |
|
Term debt instruments |
26 |
69 |
| 47 | Subsidiary companies |
This item shall reflect the aggregate amount in respect of dividends received from subsidiary companies.
| 48 | Other |
This item shall reflect the aggregate amount in respect of dividends received from investments other than investments in subsidiary companies.
| 52 | Commodities |
This item shall include any profit or loss resulting from the reporting bank's trading in commodities.
| 68 | Staff costs |
This item shall include any relevant amount in respect of—
| • | salaries and wages for staff; |
| • | post retirement benefits; |
| • | training costs; |
| • | costs paid for contractors; |
| • | temporary staff costs; and |
| • | employee share-based payment expenses. |
| 69 | Computer processing |
This item shall include any amount relating to depreciation in respect of computer equipment.
| 70 | Communication and travel |
This item shall include any relevant amount in respect of—
| • | telecommunication costs; |
| • | local and foreign travel costs; |
| • | postage and freight costs; |
| • | vehicle depreciation costs; and |
| • | vehicle operating lease charges. |
| 71 | Occupation and accommodation |
This item shall include any relevant amount in respect of—
| • | external rental costs; |
| • | wear and tear on leasehold properties and improvements; |
| • | related operating lease charges; and |
| • | other occupation and accommodation costs. |
| 73 | Fees and insurances |
This item shall include any relevant amount in respect of fee and insurance costs but not any amount in respect of—
| • | fees paid for auditing services, which fees shall be included in item 75; or |
| • | direct fees and commissions paid in the generation of income, which fees and commissions shall be included in item 36. |
| 74 | Office equipment and consumables |
This item shall include any relevant amount in respect of—
| • | depreciation for furniture and other equipment; |
| • | operating lease charges for furniture and other equipment; |
| • | stationery and printing costs; and |
| • | other office equipment or office consumable cost. |
| 75 | Auditors remuneration |
This item shall include any relevant amount in respect of remuneration paid to auditors for audit services but not any fees paid to auditors for services other than audit services.
| 76 | Other |
This item shall include any relevant amount in respect of—
| • | share-based payment costs relating to BEE schemes; |
| • | joint venture fees; |
| • | deficiency; |
| • | theft and fraud expenditure; |
| • | maintenance costs relating to any property in possession; and |
| • | any other expenditure item not included in items 68 to 75. |
| 92 to | Du Pont analysis and other selected ratios |
130
For the completion of items 92 to 130 of the form BA 120, risk weighted assets shall in the case of—
| (a) | a bank, as envisaged in column 7 of the form BA 120, be deemed to be equal to item 6, column 7, of the form BA 700; |
| (b) | a consolidated bank, as envisaged in column 8 of the form BA 120, be deemed to be equal to item 6, column 7, of the form BA 700; |
| (c) | a consolidated bank controlling company, as envisaged in column 9 of the form BA 120, be deemed to be equal to item 6, column 7, of the form BA 700. |
Provided that the aforesaid form BA 700 used in the calculation of the relevant amount of risk-weighted assets shall be the form BA 700 relating to the reporting period immediately preceding the reporting period in respect of which the current form BA 120 is completed.
[Regulation 20(4)(items numbered 92 to 130) substituted by regulation 4 of Notice No. 297, GG 40002, dated 20 May 2016]
