T31 Non-deposit taking finance companies: Balance sheet ($m)

Released
31 January 2017 03:00 p.m.
Next release
28 April 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
Data files
T31 (2004-current) (XLS 37 KB)
Previous years: Quarterly:
Dec 2014 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016
LIABILITIES, CAPITAL & RESERVES
A6 Total liabilities1 8,197 9,169 9,292 9,323 8,647 8,810
A1 New Zealand dollar funding
A1.1 NZ residents 3,291 3,873 3,877 3,928 3,934 3,992
A1.3 Non-residents 2,946 2,148 2,262 2,244 2,407 2,563
A1.5 Total 6,237 6,021 6,139 6,172 6,340 6,555
A3 Foreign currency funding
A3.1 NZ residents 16 10 5 5 5 5
A3.2 Non-residents 604 575 577 557 558 578
A3.3 Total 619 585 582 562 564 583
A4 Capital & reserves
A4 Capital & reserves 641 1,825 1,868 1,862 1,118 1,103
A5 Other liabilities
A5.5 Total other liabilities 699 738 703 727 626 569
A7 Liabilities memo item
A7 Funding from associates 3,498 1,534 1,536 1,550 1,595 1,630
ASSETS
A15 Total assets1 8,197 9,169 9,292 9,323 8,647 8,810
A8 NZ Government securities
A8.3 NZ Government securities 0 - - - - -
A9 NZ Currency (notes & coins)
A9.1 NZ currency (notes & coins) 12 13 13 13 13 13
A10 New Zealand dollar claims
A10.1 NZ residents (registered banks) 320 975 990 929 179 166
A10.3 NZ residents (all other lending) 6,386 6,707 6,616 6,604 6,612 6,769
A10.5 Non-residents 12 70 304 388 426 480
A10.7 Total 6,718 7,751 7,910 7,920 7,217 7,414
A11 Foreign currency claims
A11.1 NZ residents 53 34 15 14 14 17
A11.2 Non-residents 34 18 18 17 18 18
A11.3 Total 86 52 33 31 32 35
A14 Other assets
A14.5 Total other assets 1,380 1,353 1,337 1,359 1,385 1,348
A16 Assets memo item
A16 Financial claims on associates 12 10 18 10 10 10
  1. A6 Total liabilities and A15 Total assets do not represent a total balance sheet under International Financial Reporting Standards (IFRS) definitions. Total assets (and liabilities) on an IFRS basis for the aggregate NBFI SSR must have the values for securitised household and consumer lending added to A6 and A15 - (see Sectoral analysis tab) For total IFRS assets and liabilities for sub-aggregate groups of the aggregate NBFI SSR, 'counterpart funding' must be added to A6 and A15 - see Sectoral analysis tab under D1 for these values.

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Since December 2004, the Bank has conducted a quarterly survey of non-bank financial institutions (NBLIs) NBLIs are financial institutions with total assets of $5m or more at the consolidated group level, whose principal business is credit provision and borrowing money from the public and/or other sources.

Non-deposit-taking finance companies (NDTFCs) are NBLIs that do not issue a prospectus or take deposits from the public. Funding for these institutions generally comes from 'wholesale' financial markets or from parent companies.

Data is sourced from the Non-Bank Standard Statistical Return (SSR). The SSR obtains balance sheet data from NBLIs using the same template as for registered banks, with lesser completion requirements.

Figures are aggregates of each data cell of the actual survey templates. Data are in millions of New Zealand dollars and are collected as at the last business day of the quarter.

There are aggregates for NBLIs classified as savings institutions, deposit taking finance companies and non-deposit taking finance companies, as well as the all NBLIs.

The assets and liabilities summary present a summarised balance sheet, excluding securitised loan assets and counterpart funding. Funding and claims are broken down by maturity or sector.

Balance sheet figures reported by the surveyed financial institutions conform to generally accepted accounting practice adopted by the institutions. In particular, values may be at book or ‘marked to market’ according to appropriate practice for the instruments involved.

Where possible the resident/non-resident distinction in these tables is based on the geographical location of respondents and counterpart transactions. To facilitate statistical reporting however, the New Zealand income tax rules on residency are accepted as an approximation, and are the predominant definition.

Periodicity

Quarterly, as at the last business day.

Timeliness

On or before the last business day of the month after the end of the reference quarter.

Access by the public

Advance release calendar

The “Statistics Release Calendar” is also updated and released each Friday on the website. This is a long-term plan of scheduled releases.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.

Provision of information about revisions and advance notice of major changes in methodology

Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a ‘special note’.

Any major changes in methodology are posted on the website as a special note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

An Excel Template is completed and returned each quarter by NBLIs.

Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness

Deposit-taking finance companies and savings institutions provide prospectus disclosure annually, in addition to statutory reports, which enable checks for reasonableness.

Series Breaks

Series breaks occur when NBLI data are affected by survey changes that are not 'organic' but arise from one period to another because of factors such as merger with another institution or a change in substance in business practice that interrupts a 'like for like' time series comparison (e.g. simultaneous repayment of loans to one funder to be replaced by another, a change in business practice).

Non-deposit-taking finance companies

Series breaks

Loans

Less: Counter-part funding

Total Assets (A15)

Memo: House-hold Deposits

Break date

Table C5

Table C6

Agriculture

Business

Housing

Consumer

May 16


-39

 


-39


Sep 15




57


62


Sep 12

10

33




233


Dec 09

83

Jun 09

718

1,158

Mar 09

56

Sep 08

104

104

Mar 08

9

284

32

Sep 06

-555

Series breaks last updated: 29 July 2016

Non-deposit-taking finance companies are non-bank lending institutions that do not issue a prospectus or take deposits from the public. Funding for these institutions generally comes from 'wholesale' financial markets or from parent companies.

Respondents use book or market values as determined by their accounting policies and exclude contingent items. Data is provided according to accounting policies that meet the terms of the Financial Reporting Act 1993.

New Zealand residents and non-residents

"Resident in New Zealand" has the same meaning as that used in current New Zealand income tax practice, where a non-resident withholding tax (NRWT) ‘flag' is used to identify non-residents. The tax definition is used for convenience - it is not ideal for monetary policy data. The ideal relates to the location of the customer, to accord with international conventions used for balance of payments and other cross-border data collection purposes. Therefore, entities that are clearly located overseas, (but are classed as New Zealand residents for tax purposes), are treated as non-residents if their transactions are usually separately identified as ‘non-resident'. Companies incorporated in New Zealand are regarded as New Zealand residents.

A1 New Zealand dollar funding

All deposits and loans that are denominated in New Zealand dollars are considered to be New Zealand dollar funding. New Zealand dollar funding includes funds received from the Reserve Bank. Contingent liabilities arising from bill acceptances made on behalf of clients are excluded, as well as bills the reporting institution has issued but has subsequently bought back and not re-issued.

A3, A11 Foreign currency funding and claims

For reporting purposes, foreign currency funding and claims items are normally converted into New Zealand dollars at the "mid-rates", or similar rate used by the respondent, applying at the end of the month. An exception would be an arrangement in which a foreign currency loan or deposit will be repaid at a pre-arranged exchange rate. In such a case this pre-set exchange rate should be used.

A4 Capital and reserves

Paid-in capital, retained earnings, reserves and provisions, or any other items commonly disclosed as equity under New Zealand reporting practices adopted for published accounts.

A7, A16 Funding from, and claims on, associates

An associate of the reporting institution is any organisation that has substantially the same shareholders as the reporting institution, or any organisation (or individual) that holds 20 percent or more of the reporting institution's paid-up capital, or any organisation in which the reporting institution holds 20 percent or more in paid-up capital. When calculating financial claims on associates share capitals are excluded.

A8 New Zealand Government bonds and Treasury bills

SOE or Housing Corporation of New Zealand securities are not included. That part (if any) of the portfolio that is valued at historic cost according to the institution's accounting policies, and trading stock marked to market values, are aggregated in the one number.

A10, A11 New Zealand dollar and foreign currency claims

Claims are all loans and an institution's deposits with other institutions. They include bill acceptances on balance sheet. Claims are recorded gross of provisions for doubtful debts, which are ‘subtracted out' of the balance sheet in item A14.5. Claims include sellbacks (repos) and other agreements which are similar to collateralised loans. Claims include net deposits made in connection with futures contracts. Claims also include the net of payments made and receipts received on options contracts. If, however, receipts exceed payments the net amount is included in funding.

Most claims are book value, but clearly certain categories must be market-valued in accordance with generally-accepted accounting practice.

Symbols and conventions

0 Value rounded to zero
- Zero or not applicable
.. Not available
bold Revised/new
italics Provisional

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.