Tyro Payments Limited
APS330 PUBLIC
DISCLOSURE
only31 December 2021
For usepersonal
ABN 49 103 575 042
For personal use only
APS 330 Public Disclosure
Table of Contents1
Attachment A: Capital Disclosure Template | 3 |
Table 1: Capital Disclosure and Regulatory Capital Reconciliations | 3 |
Attachment B: Main Features of Capital Instruments | 6 |
Table 2: Main Features | 6 |
Attachment C: Risk Exposures and Assessment | 7 |
Table 3: Capital Adequacy | 7 |
Table 4: Credit Risk | 7 |
Table 5: Securitisation | 8 |
1 Table number references as per APS 330
2
APS 330 Public Disclosure
31 December 2021
For personal use only
Attachment A: Capital Disclosure Template
Table 1: Capital Disclosure and Regulatory Capital Reconciliations
Table 1A: Capital Disclosure
The table should be read in conjunction with Tables 1B and 1C.
Row | Description | 31 Dec 2021 | Reference |
$'million | |||
Common Equity Tier 1 Capital: instruments and reserves | |||
1 | Directly issued qualifying ordinary shares (and equivalent for mutually-owned entities) | 278.4 | |
capital | |||
2 | Retained earnings | (153.3) | |
3 | Accumulated other comprehensive income (and other reserves) | 40.9 | Table 1B |
6 | Common Equity Tier 1 capital before regulatory adjustments | 166.0 | Table 1C |
Common Equity Tier 1 capital: regulatory adjustments | |||
8 | Goodwill (net of related tax liability) | (13.7) | Table 1B |
9 | Other intangibles other than mortgage servicing rights (net of related tax liability) | (48.7) | Table 1B |
10 | Deferred tax assets that rely on future profitability excluding those arising from | (13.8) | Table 1B |
temporary differences (net of related tax liability) | |||
26 | APRA specific regulatory adjustments (sum of rows 26a, 26b, 26c, 26d, 26e,26f, 26g, | (13.6) | |
26h, 26i and 26j) | |||
26f | of which: capitalised expenses | (9.2) | Table 1B |
26g | of which: investments in commercial (non-financial) entities that are deducted | (3.8) | Table 1B |
under APRA prudential requirements | |||
26j | of which: other national specific regulatory adjustments not reported in rows 26a | (0.6) | Table 1B |
to 26i | |||
28 | Total regulatory adjustments to Common Equity Tier 1 | (89.8) | |
29 | Common Equity Tier 1 Capital (CET1) | 76.2 | |
45 | Tier 1 Capital (T1=CET1+AT1) | 76.2 | Table 1C |
Tier 2 Capital: instruments and provisions | |||
50 | Provisions - General Reserve for Credit Losses | 2.0 | Table 1C |
58 | Tier 2 capital (T2) | 2.0 | |
59 | Total capital (TC=T1+T2) | 78.2 | Table 1C |
60 | Total risk-weighted assets based on APRA standards | 172.9 | |
Capital ratios and buffers | |||
61 | Common Equity Tier 1 (as a percentage of risk-weighted assets) | 44% | |
62 | Tier 1 (as a percentage of risk-weighted assets) | 44% | |
63 | Total capital (as a percentage of risk-weighted assets) | 45% | |
64 | Buffer requirement (minimum CET1 requirement of 4.5% plus capital conservation | 6% | |
buffer of 1.5% plus any countercyclical buffer requirements expressed as a percentage | |||
of risk-weighted assets) | |||
65 | of which: capital conservation buffer requirement | 1.5% | |
66 | of which: ADI-specific countercyclical buffer requirements | 0% | |
68 | Common Equity Tier 1 available to meet buffers (as a percentage of risk-weighted | 38% | |
assets) |
All amounts are presented in Australian dollars and rounded to the nearest million.
TYRO PAYMENTS LIMITED - APS330 PUBLIC DISCLOSURE - 31 DECEMBER 2021 | 3 |
For personal use only
Attachment A: Capital Disclosure (continued)
Table 1B: Balance Sheet Reconciliation
As at 31 Dec 2021 | Statutory | Adjustment | Regulatory | Reference |
Balance Sheet | Balance Sheet | |||
$'million | $'million | $'million | ||
Assets | ||||
Cash and cash equivalents | 67.6 | 67.6 | ||
Due from other financial institutions | 19.1 | 19.1 | ||
Trade and other receivables | 29.1 | (1.9) | 27.2 | Table 1C |
Loans | 21.1 | (1.1) | 20.0 | Table 1C |
Prepayments and other assets | 5.6 | 5.6 | ||
Inventories | 0.2 | 0.2 | ||
Financial investments | 70.7 | 70.7 | ||
Floating rate notes | 70.7 | 70.7 | ||
Investment in associate | 3.8 | 3.8 | Table 1A Row 26g | |
Intangible assets and goodwill1 | 135.3 | (0.8) | 134.5 | Table 1A Row 8, |
Table 1A Row 9, | ||||
Table 1A Row 26f | ||||
Property, plant and equipment | 34.7 | 34.7 | ||
Right of use assets | 33.1 | 33.1 | ||
Deferred tax assets | 13.0 | 0.8 | 13.8 | Table 1A Row 10 |
Total Assets | 433.3 | (3.0) | 430.3 | |
Liabilities | ||||
Deposits | 100.8 | 100.8 | ||
Trade payables and other liabilities | 27.9 | 0.9 | 28.8 | |
Commission payable | 86.9 | 86.9 | ||
Lease liabilities | 33.6 | 33.6 | ||
Provisions | 14.2 | 14.2 | ||
Total Liabilities | 263.4 | 0.9 | 264.3 | |
Net Assets | 169.9 | (3.9) | 166.0 | |
Equity | ||||
Contributed equity | 278.4 | 278.4 | ||
Reserves | 44.8 | (3.9) | 40.9 | Table 1A Row 3 |
Accumulated losses | (153.3) | (153.3) | ||
Total Equity | 169.9 | (3.9) | 166.0 | Table 1C |
1. Intangible assets displayed on the Balance Sheet include both the minimum contractual payments as well as variable payments to Bendigo and Adelaide Bank Ltd under the Tyro-Bendigo Alliance agreement.
All amounts are presented in Australian dollars and rounded to the nearest million.
1 Table number references as per APS 330
TYRO PAYMENTS LIMITED - APS330 PUBLIC DISCLOSURE - 31 DECEMBER 2021 | 4 |
For personal use only
Attachment A: Capital Disclosure (continued)
Table 1C: Capital Reconciliation
Regulatory Capital Reconciliation | 31 Dec 2021 | Reference |
$'million | ||
Contributed equity | 278.4 | |
Retained and current year's earnings | (153.3) | |
Reserves | 44.8 | |
Total Equity per Balance Sheet | 169.9 | |
General reserves for credit losses | (3.0) | Table 1B |
Reserves from equity-settledshare-based payments granted to | (0.9) | Table 1B |
partners (non-employees) | ||
Total Equity per Regulatory Balance Sheet | 166.0 | Table 1A Row 6 |
Deferred tax assets in excess of deferred tax liabilities | (13.8) | |
Capitalised expenses | (9.2) | |
Equity exposures in commercial (non-financial) entities | (3.8) | |
Other intangibles other than mortgage services rights | (48.7) | |
Goodwill | (13.7) | |
Other Prudential adjustments1 | (0.6) | |
Tier 1 Capital | 76.2 | Table 1A Row 45 |
General reserve for credit losses - Standardised approach (to a | 2.0 | Table 1A Row 50 |
maximum of 1.25% of total credit RWA) | ||
Total Capital | 78.2 | Table 1A Row 59 |
1 Loans are measured at FVPL under AASB 9 in the Balance Sheet. A prudential adjustment to CET 1 is required when the total loans is higher than loans measured at amortised costs.
All amounts are presented in Australian dollars and rounded to the nearest million.
TYRO PAYMENTS LIMITED - APS330 PUBLIC DISCLOSURE - 31 DECEMBER 2021 | 5 |
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Tyro Payments Ltd. published this content on 20 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 February 2022 21:40:02 UTC.