General Capital (GEN:NZ) Subsidiary General Finance Update

General Capital Limited
Level 8, General Capital House,
115 Queen Street, Auckland CBD
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145


General Capital (GEN:NZ) subsidiary General Finance update.

General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-
bank Deposit Taker, has uploaded an updated unaudited quarterly report for the quarter
ended 30 June 2022 to the Disclose Register.
The wording of Net Cash Outflow from Operating Activities in Selected Financial
Information has been updated to Net Cash Inflow (Outflow) from Operating Activities.

The information can be found at www.disclose-register.companiesoffice.govt.nz.

For further information contact:
Brent King
Managing Director
General Capital Limited
+64 21 632 660
Brent.King@gencap.co.nz
7 November 2022
END

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Issue 27 Update 7 November 2022

GENERAL FINANCE LIMITED
Quarterly report as at 30 June 2022


KEY RATIOS



Capital Ratio


30 June 2022


Our capital ratio calculated in accordance
with the 2010 Regulations*

17.98%

Minimum capital ratio required by our
Trust Deed if the issuer has a credit rating

8%


Minimum capital ratio that must be
included in the trust deed under reg 8(2) of
the 2010 Regulations* if the issuer has a
credit rating

8%


The capital ratio is a measure of the extent to which General Finance is able to absorb losses without becoming
insolvent. The lower the capital ratio, the fewer financial assets General Finance has to absorb unexpected losses
arising out of its business activities.




Related Party Exposures


30 June 2022


Our aggregate exposures to related
parties as calculated in accordance with
the 2010 Regulations*

0.11% of capital

Maximum limit on aggregate exposures to
related parties that we must not exceed
that is included in our Trust Deed

10% of capital

Maximum limit on aggregate exposures to
related parties that we must not exceed
that must be included in our Trust Deed
under reg 23(3)(b) of the 2010
Regulations*

15% of capital

Related party exposures are financial exposures that General Finance has to related parties. A related party is an
entity that is related to General Finance through common control or some other connection that may give the party
influence over General Finance (or General Finance over the related party).


* Deposit Takers (Credit Ratings, Capital Ratios, and Related Party Exposures) Regulations 2010

Issue 27 Update 7 November 2022




Liquidity

30 June 2022


Our liquidity calculated in accordance with
the quantitative liquidity requirements
included in our Trust Deed

5.44 times

The minimum liquidity requirements
required by our Trust Deed

A liquidity cover ratio of 1.25 times

Liquidity requirements help to ensure that General Finance has sufficient realisable assets on hand to pay its debts
as they become due in the ordinary course of business. Failure to comply with liquidity requirements may mean that
General Finance is unable to repay investors on time and may indicate other financial problems in its business.






SELECTED FINANCIAL INFORMATION

Quarter to
30 June 2022

Total Assets
111,866,605

Total Liabilities
101,451,746

Net Profit / (Loss) After Tax
671,754

Net Cash Inflow (Outflow) from Operating
Activities 6,248,818

Cash and Cash Equivalents
23,321,528

Term Deposits
1
Capital (per 2010 Regulations)
1,750,000
10,318,184


1
New Zealand Registered Bank deposits with original term of greater than 183 days.

Issue 27 Update 7 November 2022

HOW THE RATIOS HAVE BEEN CALCULATED


CAPITAL RATIO

Position at 30 June 2022



Capital


Gross capital 10,414,859

Less deductions 96,675

Total capital 10,318,184



Risk

Risk Weighted
Exposures Exposure Weight Exposures

NZ Registered Bank Deposits

25,071,528 20%

5,014,306
Residential mortgages:

LVR 70% and under 73,301,869 35%

25,655,654
LVR over 70% and under 80% 1,126,171 50%

563,086
Other loans with qualifying security
over land and buildings:

LVR 70% and under 12,167,737 100%

12,167,737

Other assets 102,625 350%

359,186
Deductions from capital 96,675

-

Total credit risk weighted exposures
(A)

43,759,969

Total assets (B) 111,866,605

Operational and Market Exposures (A+B)/2x0.175

13,617,325


Total Exposures

57,377,294

Capital Ratio

17.98%
(being Total Capital/Total Exposures)


1
Refer to Deposit Takers (Credit Ratings, Capital Ratios, and Related Party Exposures)
Regulations 2010.

Issue 27 Update 7 November 2022

AGGREGATE EXPOSURE TO RELATED PARTIES

Loans and other on balance sheet exposures to related
parties (A) 11,596
Other related party exposures (B) Nil
Capital 10,318,184
(A + B) / C 0.11%

*Related party exposures are calculated by dividing total related party exposures by Capital
(per 2010 Regulations).


LIQUIDITY

Liquidity (A) 25,071,528

3 month expected loan receivables (B) 11,086,514

3 month expected gross deposit redemptions (C) 6,651,947

(A + B) / C 5.44 times




*The Liquidity Cover Ratio is calculated by dividing Liquidity plus the 3 month expected loan
receivables, by the 3-month expected gross deposit redemptions.