General Capital Subsidiary General Finance Market 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 31 December 2023 to the Disclose Register.
The unaudited quarterly report shows that General Finance’s business has continued
to grow with total assets of $146m, up by 9.4% from 30 September 2023 and a
quarterly NPAT of $652k up 21.2% from the previous quarter.
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
26 January 2024

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Issue 33 25 January 2024
GENERAL FINANCE LIMITED
Quarterly report as at 31 December 2023
KEY RATIOS
Capital Ratio 31 December 2023
Our capital ratio calculated in accordance
with the 2010 Regulations*
22.97%
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 31 December 2023
Our aggregate exposures to related
parties as calculated in accordance with
the 2010 Regulations*
0.13% 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 33 25 January 2024
Liquidity 31 December 2023
Our liquidity calculated in accordance with
the quantitative liquidity requirements
included in our Trust Deed
5.88 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
31 December 2023
Total Assets 145,698,227
Total Liabilities 127,832,620
Net Profit / (Loss) After Tax 652,153
Net Cash Inflow (Outflow) from Operating Activities (4,875,308)
Cash and Cash Equivalents 10,090,669
Term Deposits
1
13,081,180
Capital (per 2010 Regulations) 17,496,131
1
New Zealand Registered Bank deposits with original term of greater than 3 months.

Issue 33 25 January 2024
HOW THE RATIOS HAVE BEEN CALCULATED
CAPITAL RATIO
Position at 31 December 2023
Capital
Gross capital 17,865,607
Less deductions 369,476
Total capital 17,496,131
Risk
Risk Weighted
Exposures Exposure Weight Exposures
NZ Registered Bank Deposits 23,171,850 20% 4,634,370
Residential mortgages:
LVR 70% and under 103,825,874 35% 36,339,056
LVR over 70% and under 80% 3,224,030 50% 1,612,015
Second or subsequent ranking 94,285 150% 141,428
Property development loans:
LVR over 60% and under 100% -200% -
Other loans with qualifying security over land
and buildings:
LVR 70% and under 14,784,452 100% 14,784,452
Other assets 228,260 350% 798,911
Deductions from capital 369,476 -
Total credit risk weighted exposures (A) 58,310,232
Total assets (B) 145,698,227
Operational and Market Exposures (A+B)/2x0.175 17,850,740
Total Exposures 76,160,972
Capital Ratio
22.97%
(being Total Capital/Total Exposures)
1
Refer to Deposit Takers (Credit Ratings, Capital Ratios,
and Related Party Exposures) Regulations 2010.

Issue 33 25 January 2024
AGGREGATE EXPOSURE TO RELATED PARTIES
Loans and other on balance sheet exposures to related
parties (A) 23,592
Other related party exposures (B) Nil
Capital (C) 17,496,131
(A + B) / C 0.13%
*Related party exposures are calculated by dividing total related party exposures by Capital
(per 2010 Regulations).
LIQUIDITY
Liquidity (A)
23,171,850
3 month expected loan receivables (B)
19,097,955
3 month expected gross deposit redemptions (C)
7,190,849
(A + B) / C 5.88 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.