Skip to content

Half Yearly Report

Document date:  Mon 01 May 2000
Published:  Mon 01 May 2000 11:43:02
Document No:  161583
Document part:  B
Market Flag:  Y
Classification:  Half Yearly Report , Dividend Record Date , Dividend Pay Date , Dividend Rate

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-05-01  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
CONSOLIDATED PROFIT AND LOSS ACCOUNT
(Equity Accounted)
                                                CURRENT     PREVIOUS
                                                PERIOD   CORRESPONDING
                                                             PERIOD
                                                AUDM       AUDM

1.1  Sales revenue (interest income)             4,776        4,386

1.2  Share of associates "net profit(loss)   
     attributable to members" 
     (equal to item 16.7)                            3          (2)

1.3  Other revenue(other operating income)       1,350        1,157

1.4  Operating  profit (loss) before
     abnormal items and tax                      1,306        1,067

1.5  Abnormal items before tax
     (detail in item 2.4)                            -            -

1.6  Operating profit (loss) before tax
     (items 1.4 + 1.5)                           1,306        1,067

1.7  Less tax                                    (488)        (347)

1.8  Operating profit (loss) after tax
     but before outside equity interests           818          720

1.9  Less outside equity interests                 (1)          (4)

1.10 Operating profit (loss) after tax
     attributable to members                       817          716

1.11 Extraordinary items after tax
     (detail in item 2.6)                            -            -

1.12 Less outside equity interests                   -            -

1.13 Extraordinary items after tax
     attributable to members                         -            -

1.14 Total operating profit (loss) and
     extraordinary items after tax 
     (items 1.8 + 1.11)                            818          720

1.15 Operating profit (loss) and
     extraordinary items after tax 
     attributable to outside equity 
     interests (items 1.9 + 1.12)                  (1)          (4)

1.16 Operating profit (loss) and
     extraordinary items after tax 
     attributable to members 
     (items 1.10 + 1.13)                           817          716

1.17 Retained profits (accumulated losses)
     at beginning of financial period            2,952        2,412

1.18 If change in accounting policy as set
     out in clause 11 of AASB 1018 Profit
     and Loss Accounts, adjustments as
     required by that clause (include brief
     (description)                                   -            -

1.19 Aggregate of amounts transferred
     from reserves                                   -            -

1.20 Total available for appropriation           3,769        3,128

1.21 Dividends provided for or paid              (476)        (401)

1.22 Aggregate of amounts transferred
     to reserves                                  (28)         (25) 

1.23 Retained profits (accumulated losses)
     at end of financial period                  3,265        2,702


PROFIT RESTATED TO EXCLUDE                     Current      Previous
AMORTISATION OF GOODWILL                        Period   Corresponding
                                                             Period
                                                AUDM       AUDM   

1.24 Operating profit(loss) after tax
     before outside equity interests
    (items 1.8) and amortisation of
     goodwill                                      822          724

1.25 Less (plus) outside equity interests          (1)          (4)

1.26 Operating profit(loss) after tax 
     (before amortisation of goodwill) 
      attributable to members                      821          720



INTANGIBLE, ABNORMAL AND EXTRAORDINARY ITEMS

                                   Consolidated  -  current period

                             Before   Related   Related     Amount 
                               tax      tax     outside     (after 
                                                 equity       tax)
                                               interests  attributable
                                                           to members

                             AUDM    AUDM    AUDM      AUDM

2.1 Amortisation of 
    goodwill                      5       (1)         -           4

2.2 Amortisation of 
    other intangibles             -         -         -           -

2.3 Total amortisation 
    of intangibles                5       (1)         -           4

2.4 Abnormal items                -         -         -           -

2.5 Total abnormal items          -         -         -           -

2.6 Extraordinary items           -         -         -           -

2.7 Total extraordinary
    items                         -         -         -           -


COMPARISON OF HALF YEAR PROFITS                Current     Previous
(Preliminary final statement only)               year         year
                                                AUDM       AUDM

The ASX does not require this disclosure for half year reports.

3.1  Consolidated operating profit             
     (loss) after tax attributable 
     to members reported for the 1st 
     half year (item 1.10 in the
     half yearly report)                             -            -
    
3.2  Consolidated operating profit              
     (loss) after tax attributable 
     to members for the 2nd half year                -            - 


CONSOLIDATED BALANCE SHEET
(See note 5)
                                  At end of  As in last    As in last
                                   current     annual     half yearly
                                   period      report      report
                                   AUDM       AUDM       AUDM
      CURRENT ASSETS                                                 
4.1   Liquid assets                 5,410        5,283        6,442
4.2   Due from other financial
      institutions                  4,543        3,472        3,354 
4.3   Trading securities            4,871        4,259        4,195 
4.4   Investment securities         4,409        4,695        4,473
4.5   Net loans and advances      114,022      104,063       99,566
4.6   Customer's liability 
      for acceptances              15,364       14,858       16,565
4.7   Life insurance 
      investment assets             4,443        4,063        3,868
4.8   Regulator deposits              608          616        1,366
4.9   Shares in associates             44           32           30
4.10  Other assets                 11,760       10,036       11,031
4.11  Premises and equipment        1,484        1,424        1,527

4.12  Total assets                166,958      152,801      152,417

LIABILITIES

4.13  Due to other financial
      institutions                  8,796        9,001        8,854
4.14  Deposits and other 
      borrowings                  106,157       96,559       97,269
4.15  Liability for acceptances    15,364       14,858       16,565

4.16  Income tax liability          1,021        1,051          975

4.17  Creditors and other
      liabilities                  10,697        9,421        9,551
4.18  Provisions                      979        1,010          923
4.19  Life insurance policy
      liabilities                   3,978        3,795        3,629
4.20  Bonds and notes               6,910        4,456        1,952
4.21  Loan capital                  3,394        3,221        3,469

4.22  Total liabilities           157,296      143,372      143,183

4.23  Net assets                    9,662        9,429        9,234
EQUITY

4.24  Paid-up capital               5,631        5,915        5,876
4.25  Reserves                        753          536          632
4.26  Retained profits              3,265        2,952        2,702

4.27  Share capital and reserves 
      attributable to members
      of the company                9,649        9,403        9,210

4.28  Outside equity interests         13           26           24

4.29  Total equity                  9,662        9,429        9,234

   
4.30  Preference Capital included 
      as part of 4.27               1,232        1,145        1,190 
4.31  Reserves                                                     
4.32  Retained profits
      (accumulated losses)              -            -            - 
4.33  Equity attributable to
      members of the parent
      entity                            -            -            -
4.34  Outside equity interests
      in controlled entities            -            -            -

4.35  Total equity                      -            -            -

4.36  Preference capital and
      related premium included 
      as part of 4.32                   -            -            -


EXPLORATION AND EVALUATION EXPENDITURE CAPITALISED

To be completed only by entities with mining interests if amounts are
material. Include all expenditure incurred regardless of whether 
written off directly against profit.
                                               Current     Previous
                                                period  corresponding
                                                             period
                                                AUDM       AUDM

5.1  Opening balance                               N/A          N/A
   
5.2  Expenditure incurred                            
     during current period                         N/A          N/A

5.3  Expenditure written off
     during current period                         N/A          N/A

5.4  Acquisitions, disposals, 
     revaluation increments, etc.                  N/A          N/A

5.5  Expenditure transferred to
     Development Properties                        N/A          N/A
    
5.6  Closing balance as shown in
     the consolidated balance sheet
     (item 4.10)                                   N/A          N/A


DEVELOPMENT PROPERTIES
(To be completed only by entities with mining interests if amounts 
are material)
                                               Current     Previous
                                                period  corresponding
                                                             period
                                                AUDM       AUDM

6.1  Opening balance                               N/A          N/A

6.2  Expenditure incurred 
     during current period                         N/A          N/A

6.3  Expenditure transferred from
     exploration and evaluation                    N/A          N/A

6.4  Expenditure written off
     during current period                         N/A          N/A

6.5  Acquisitions, disposals, 
     revaluation increments, etc.                  N/A          N/A

6.6  Expenditure transferred to
     mine properties                               N/A          N/A
    
6.7  Closing balance as shown in
     the consolidated balance sheet 
     (item 4.11)                                   N/A          N/A


CONSOLIDATED STATEMENT OF CASH FLOWS
(See note 6)
                                               Current     Previous
                                                period  corresponding
                                                            period
                                                AUDM       AUDM
CASH FLOWS RELATED TO OPERATING ACTIVITIES
7.1   Interest received                          4,432        4,311

7.2   Dividends received                            91           76

7.3   Fees and other income received             1,237        1,082

7.4   Interest paid                            (2,660)      (2,607)

7.5   Personnel expenses paid                    (930)        (933)

7.6   Premises expenses paid                     (139)        (143)
 
7.7   Other operating expenses paid              (519)        (544)

7.8   Income taxes paid                          (424)        (306)

7.9   Net decrease (increase) in
      trading securities                         (574)        1,600
                                               

7.10 Net operating cash flows                      514        2,536

CASH FLOWS RELATED TO INVESTING ACTIVITIES

7.11  Net decrease (increase) in
      
      i  Due from other financial institutions   (229)          677
     ii  Regulatory deposits                       51           124
    iii  Net loan and advances                 (8,740)       (6,592)

7.12  Investment securities
      
      i  Purchases                             (2,459)      (4,613)
     ii  Proceeds from sale or maturity         2,959        4,117

7.13  Controlled entities & associates
      i  Purchased (net of cash acquired)            -             
     ii  Transferred from controlled entities
         (net of cash)                               -         (94)

7.14  Premises and equipment
      i  Purchases                               (162)         (49)
     ii  Proceeds from sale                        53            8

7.15  Other                                      (807)      (1,175)

7.16  Net investing cash flows                  (9,334)     (7,597)
     
CASH FLOWS RELATED TO FINANCING ACTIVITIES        

7.17  (Net decrease) increase in   
      i  Due to other financial institutions      (656)      (1,221)
     ii  Deposits and other borrowings           7,741        4,243
    iii  Creditors and other liabilities          (347)        (313)


7.18  Bonds and notes
      i  Issue proceeds                          2,859        1,652
     ii  Redemptions                              (675)        (357)

7.19 Loan Capital
      i  Issue proceeds                             77            -
     ii  Redemptions                               (72)        (113)

7.20  Decrease in outside equity interests        (14)          (3)

7.21  Dividends paid                             (388)        (336)

7.22  Share capital issues                           -          577

7.23  Share buyback                               (509)           -   
                   
7.23  Net financing cash flows                   8,016        4,129

NET (DECREASE) IN CASH HELD                      (804)        (932)

7.24  Cash at beginning of period
      (see Reconciliation of cash)               6,634        8,981

7.25  Exchange rate adjustments                    867        (742)

7.26  Cash at end of period
     (see Reconciliation of cash)                6,697        7,307


NON-CASH FINANCING AND INVESTING ACTIVITIES

Details of financing and investing transactions which have had a 
material effect on consolidated assets and liabilities but did not
involve cash flows are as follows. If an amount is quantified, show
comparative amount.

 Share capital issues
 
  i Dividend reinvestment plan                      113          92
 ii Bonus option plan                                 -           -

RECONCILIATION OF CASH

Reconciliation of cash at the end of           Current     Previous
the period (as shown in the consolidated        period   corresponding
statement of cash flows) to the related                     period
items in the accounts is as follows.             AUDM      AUDM

8.1  Liquid assets - less than 3 months          3,530        5,035
 
8.2  Due from other financial institutions
     -less than 3 months                         3,167        2,272 

8.3  Total cash at end of period (item 7.26)     6,697        7,307 

                       -            -
 
                          -            -


RATIOS                                         Current     Previous
                                                period   corresponding
                                                             period
     PROFIT BEFORE ABNORMALS AND TAX/SALES
9.1  Consolidated operating profit (loss) 
     before abnormal items and tax (item 
     1.4) as a percentage of sales revenue 
     (item 1.1)                                  27.35 %       24.3 %

     PROFIT AFTER TAX / EQUITY INTERESTS
9.2  Consolidated operating profit (loss) 
     after tax attributable to members
     (item 1.10) as a percentage of equity
     (similarly attributable) at the end of 
     the period (item 4.29)                       16.9 %        15.5 %


EARNINGS PER SECURITY (EPS)

10.1 Calculation of basic, and fully diluted, 
     EPS in accordance with 
     "AASB 1027: Earnings per Share"

    (a)  Basic EPS                             
         - before abnormal items                  49.3 c       44.7 c
         - after abnormal items                   49.3 c       44.7 c
   
   (b)  Diluted EPS 
         - before abnormal items                  49.1 c       44.6 c
         - after abnormal items                   49.1 c       44.6 c

    (c)  Weighted average number of
         ordinary shares outstanding
         during the period used in 
         the calculation of the
         Basic EPS                             1,558.5      1,547.0 



NTA BACKING                                   Current     Previous
 (see note 7)                                   period   corresponding
                                                             period
11.1 Net tangible asset backing
     per ordinary security                     $   5.42   $   5.09

MORE TO FOLLOW