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Preliminary Final Report

Document date:  Thu 26 Oct 2000
Published:  Thu 26 Oct 2000 10:22:39
Document No:  168995
Document part:  S
Market Flag:  Y
Classification:  Preliminary Final Report , Dividend Record Date , Dividend Pay Date , Dividend Rate

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-10-26  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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

1.1  Sales revenue (interest income)            10,241        8,684

1.2  Share of associates net (loss)   
     attributable to members                         5          (2)

1.3  Other revenue (other operating
     income)                                     2,578        2,379

1.4  Operating  profit before abnormal
     items and tax                               2,568        2,222

1.5  Abnormal items before tax
     (detail in item 2.4)                          221            -

1.6  Operating profit before tax
     (items 1.4 + 1.5)                           2,789        2,222

1.7  Less tax                                  (1,040)        (736)

1.8  Operating profit after tax but
     before outside equity interests             1,749        1,486

1.9  Less outside equity interests                 (2)          (6)

1.10 Operating profit after tax
     attributable to members                     1,747        1,480
 
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 and
     extraordinary items after tax 
     (items 1.8 + 1.11)                          1,749        1,486

1.15 Operating profit and extra-
     ordinary items after tax 
     attributable to outside equity 
     interests (items 1.9 + 1.12)                  (2)          (6)

1.16 Operating profit and extra-
     ordinary items after tax 
     attributable to members 
     (items 1.10 + 1.13)                         1,747        1,480

1.17 Retained profits at beginning of
     financial period                            2,952        2,412

1.18 Changes in accounting policy                    -            -

1.19 Aggregate of amounts transferred
     from reserves                                   -            -

1.20 Total available for appropriation           4,699        3,892

1.21 Dividends provided for or paid            (1,043)        (886)

1.22 Aggregate of amounts transferred
     to reserves                                  (48)         (54) 

1.23 Retained profits at end of year             3,608        2,952


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

1.24 Operating profit after tax
     before outside equity interests
    (items 1.8) and amortisation of
     goodwill                                    1,761        1,496

1.25 Less outside equity interests                 (2)          (6)

1.26 Operating profit (before
     amortisation of goodwill) 
     attributable to members                     1,759        1,490



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                     12         -         -          12

2.2 Amortisation of 
    other intangibles             -         -         -           -

2.3 Total amortisation 
    of intangibles               12         -         -          12

2.4 Abnormal items              221     (177)         -          44

2.5 Total abnormal items        221     (177)         -          44

2.6 Extraordinary items           -         -         -           -

2.7 Total extraordinary
    items                         -         -         -           -


COMPARISON OF HALF YEAR PROFITS                Current     Previous
(Preliminary final statement only)               year         year
                                                AUDM       AUDM
3.1  Consolidated operating profit             
     after tax attributable to
     members reported for the 1st 
     half year (item 1.10 in the
     half yearly report)                           817          716
    
3.2  Consolidated operating profit              
     after tax attributable 
     to members for the 2nd half year              930          764 


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
      ASSETS                                                 
4.1   Liquid assets                 5,648        5,283        5,410
4.2   Due from other financial
      institutions                  5,822        3,472        4,543
4.3   Trading securities            4,126        4,259        4,871
4.4   Investment securities         3,006        4,695        4,409
4.5   Net loans and advances      116,315      104,063      114,022
4.6   Customers' liability for
      acceptances                  15,482       14,858       15,364
4.7   Life insurance investment
      assets                        4,739        4,063        4,443
4.8   Regulatory deposits             103          616          608
4.9   Shares in associates             29           32           44
4.10  Other assets                 15,938       10,036       11,760
4.11  Premises and equipment        1,259        1,424        1,484

4.12  Total assets                172,467      152,801      166,958

      LIABILITIES
4.13  Due to other financial
      institutions                 12,247        9,001        8,796
4.14  Deposits and other
      borrowings                  100,602       96,559      106,157
4.15  Liability for acceptances    15,482       14,858       15,364
4.16  Income tax liability          1,303        1,051        1,021
4.17  Creditors and other 
      liabilities                  13,371        9,421       10,697
4.18  Provisions                    2,089        1,010          979
4.19  Life insurance policy
      liabilities                   4,360        3,795        3,978
4.20  Bonds and notes               9,519        4,456        6,910
4.21  Loan capital                  3,687        3,221        3,394

4.22  Total liabilities           162,660      143,372      157,296

4.23  Net assets                    9,807        9,429        9,662
                                           
      EQUITY
4.24  Paid-up capital               5,402        5,915        5,631
4.25  Reserves                        785          536          753
4.26  Retained profits              3,608        2,952        3,265 
4.27  Share capital and reserves
      attributable to members
      of the Company                9,795        9,403        9,649
4.28  Outside equity interests         12           26           13

4.29  Total equity                  9,807        9,429        9,662

4.30  Preference capital 
      included as part of 4.32      1,374        1,145        1,232


ITEM 5 - EXPLORATION AND EVALUATION EXPENDITURE CAPITALISED
Not Applicable


ITEM 6 - DEVELOPMENT PROPERTIES
Not Applicable


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                          9,916        8,679

7.2   Dividends received                           192          157

7.3   Fees and other income received             2,460        2,089

7.4   Interest paid                            (6,108)      (5,039)

7.5   Personnel expenses paid                  (1,735)      (1,840)

7.6   Premises expenses paid                     (283)        (282)

7.7   Other operating expenses paid            (1,199)        (977)

7.8   Income taxes paid                          (754)        (535)

7.9   Goods and services tax received                4            -

7.10  Net (increase)/decrease in trading
      securities                                  (25)        1,442

7.11  Net operating cash flows                   2,468        3,694
                                               
CASH FLOWS RELATED TO INVESTING ACTIVITIES
7.11  Net decrease(increase) in
      i   Due from other financial 
          institutions                           (792)          616
      ii  Regulatory deposits                     (90)          828
      iii Net loans and advances              (17,633)     (12,936)
      iv  Shares in controlled entities
          and associates                          (50)            -

7.12  Investment securities
      i   Purchases                            (8,109)      (5,527)
      ii  Proceeds form sale or maturity         8,553        4,670
     
7.13  Controlled entities & associates
      i   Purchased (net of cash acquired)        (43)          (2)
      ii  Proceeds from sale (net of cash
          disposed)                              1,510            -
      iii Transferred from controlled 
          entities (net of cash)                     -         (94)

7.14  Premises and equipment
      i   Purchases                              (275)        (177)
      ii  Proceeds from sale                       249          142

7.15  Other                                    (3,157)        (610)
                                               
7.16  Net investing cash flows                (19,837)     (13,090)

CASH FLOWS RELATED TO FINANCING ACTIVITIES
7.17  Net (decrease)increase in
      i   Due to other financial
          institutions                           3,111        (779)
      ii  Deposits and other borrowings         12,763        5,202
      iii Creditors and other liabilities        (843)          743

7.18  Bonds and notes
      i   Issue proceeds                         5,555        4,330
      ii  Redemptions                          (1,341)        (479)

7.19  Loan capital
      i   Issue proceeds                           152            -
      ii  Redemptions                            (147)        (256)

7.20  Decrease in outside equity interests        (19)          (1)

7.21  Dividends paid                             (752)        (671)

7.22  Share capital issues                          36          591

7.22  Share buyback                            (1,014)            -

7.23  Net financing cash flows                  17,501        8,680

7.24  NET INCREASE (DECREASE) IN CASH HELD         132        (716)

7.25  Cash at beginning of year
      (see Reconciliation of cash)               6,634        8,981

7.26  Exchange rate adjustments
      to item 7.23.                              (304)      (1,631)

7.27  Cash at end of period
     (see Reconciliation of cash)                6,462        6,634


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                     236          176
 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           2,662        4,243

8.2  Due from other financial institutions
     - less than 3 months                        3,800        2,391
                                                 
8.3  Total cash at end of
     period (item 7.26)                          6,462        6,634


RATIOS                                         Current     Previous
                                                period   corresponding
                                                             period
     PROFIT BEFORE ABNORMALS AND TAX/SALES
9.1  Consolidated operating profit  
     before abnormal items and tax (item 
     1.4) as a percentage of sales revenue 
     (item 1.1)                                   25.1 %       25.6 %

     PROFIT AFTER TAX / EQUITY INTERESTS
9.2  Consolidated operating profit  
     after tax attributable to members
     (item 1.10) as a percentage of equity
     (similarly attributable) at the end of 
     the period (item 4.31)                       17.8 %        15.7 %


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                 103.9         90.6
         - after abnormal items                  106.8         90.6 

    (b)  Diluted EPS    
         - before abnormal items                 103.5         90.3
         - after abnormal items                  106.3         90.3 
        
    (c)  Weighted average number of
         ordinary shares outstanding
         during the year used in the
         calculation of the Basic EPS          1,540.3      1,553.5

NTA BACKING                                   Current     Previous
 (see note 7)                                   period   corresponding
                                                             period
11.1 Net tangible asset backing
     per ordinary security                     $  5.49      $  5.21 


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