Regulations > Regulations relating to Banks > Chapter II : Financial, Risk-based and other related Returns and Instructions, Directives and Interpretations relating to the completion thereof > 20. Income statement > Directives 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
Item description	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
Item description	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.

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.

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]

Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Regulations relating to Banks

Chapter II : Financial, Risk-based and other related Returns and Instructions, Directives and Interpretations relating to the completion thereof

20. Income statement

Directives and interpretations for completion of monthly income statement (Form BA 120)