General Capital (GEN:NZX) 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 its quarterly unaudited report for the quarter
ended 30 September 2023 to the Disclose Register.
Mr. Brent King, Managing Director, explained that this report is required as General
Finance Limited holds a Non-bank Deposit Taker licence and the reporting is a
requirement of the Financial Markets Conduct Act 2013.
The information can be found at www.disclose-register.companiesoffice.govt.nz.

ENDS
This announcement was authorized by Brent King, Managing Director

For further information contact:
Brent King
Managing Director
General Capital Limited
+64 21 632 660
Brent.King@gencap.co.nz
27 October 2023

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Issue 32 27 October 2023

GENERAL FINANCE LIMITED
Quarterly report as at 30 September 2023
KEY RATIOS
Capital Ratio 30 September 2023
Our capital ratio calculated in accordance
with the 2010 Regulations*
23.90%
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 September 2023
Our aggregate exposures to related
parties as calculated in accordance with
the 2010 Regulations*
0.21% 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 32 27 October 2023
Liquidity 30 September 2023
Our liquidity calculated in accordance with
the quantitative liquidity requirements
included in our Trust Deed
4.05 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
30September2023
Total Assets 133,217,757
Total Liabilities 116,004,303
Net Profit / (Loss) After Tax 538,146
Net Cash Inflow (Outflow) from Operating Activities 177,464
Cash and Cash Equivalents 16,164,340
Term Deposits
1
12,070,454
Capital (per 2010 Regulations) 16,850,958

1
New Zealand Registered Bank deposits with original term of greater than 3 months.

Issue 32 27 October 2023
HOW THE RATIOS HAVE BEEN CALCULATED
CAPITAL RATIO
Position at 30 September 2023
Capital
Gross capital 17,213,454
Less deductions 362,496
Total capital 16,850,958
Risk
RiskWeighted
Exposures ExposureWeightExposures
NZ Registered Bank Deposits 28,247,158 20% 5,649,432
Residential mortgages:
LVR 70% and under 87,576,619 35% 30,651,817
LVR over 70% and under 80% -
50% -
Second or subsequent ranking 64,781 150% 97,171
Property development loans:
LVR over 60% and under 100% -
200% -
Other loans with qualifying security over land
and buildings:
LVR 70% and under 16,664,568 100% 16,664,568
Other assets 302,136 350% 1,057,475
Deductions from capital 362,496 -

Total credit risk weighted exposures (A) 54,120,463
Total assets (B) 133,217,757
Operational and Market Exposures (A+B)/2x0.17516,392,094
Total Exposures 70,512,557
Capital Ratio
23.90%
(being Total Capital/Total Exposures)
1
Refer to Deposit Takers (Credit Ratings, Capital Ratios,
and Related Party Exposures) Regulations 2010.

Issue 32 27 October 2023
AGGREGATE EXPOSURE TO RELATED PARTIES
Loans and other on balance sheet exposures to related
parties(A)35,589
Other related party exposures(B)Nil
Capital(C)16,850,927
(A +B)/C0.21%
*Related party exposures are calculated by dividing total related party exposures by Capital
(per 2010 Regulations).
LIQUIDITY
Liquidity (A) 28,247,158
3 month expected loan receivables (B) 7,477,847
3 month expected gross deposit redemptions (C) 8,828,943
(A + B)/ C4.05times

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