Tyro Payments : APS330 - 31 December 2021

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