2.2. Eligible Capital Calculation Table

The Eligible Capital Calculation Table is as follows:

(A) Tier 1 Capital:

Permanent Share Capital

Undistributable Reserves

Fund for future appropriations

(B) Deductions from Tier 1 Capital

Investments in own shares

Intangible assets

Interim net losses

(C) Tier 1 Capital after deductions = A-B

(D) Tier 2 Capital:

Perpetual qualifying hybrid capital instruments

Fixed dividend ordinary shares

Subordinated debt

Fixed term preference shares

Any other item approved for inclusion as Tier 2 Capital at the discretion of the AFSA

(E) Total Tier 1 Capital plus Tier 2 Capital = C+D

(F) Deductions from Total of Tier 1 and Tier 2 Capital:

Investments in subsidiaries and associates

Connected lending of a capital nature

Inadmissible assets

(G) Total Tier 1 Capital plus Tier 2 Capital after deductions = E-F = Total Eligible Capital