Half Yearly Report/ASIC Half Yearly Accounts

Document date:  Thu 26 Apr 2001
Published:  Thu 26 Apr 2001 10:42:26
Document No:  175940
Document part:  F
Market Flag:  Y
Classification:  Half Yearly Report , Half Year Audit Review , Half Year Directors' Statement , Half Year Accounts , Dividend Record Date , Dividend Pay Date , Dividend Rate , Other 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2001-04-26  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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FINANCIAL HIGHLIGHTS

CONTINUING OPERATIONS

                                            HALF      HALF     MOVT
                                            YEAR      YEAR     MAR 01
                                            MAR 01    MAR 00   V
                                                               MAR 00
                                            $M        $M        %

Net interest income                         1,859     1,689     10%
Other operating income                      1,280     1,157     11%

Operating income                            3,139     2,846     10%
Operating expenses                         (1,559)   (1,499)     4%

Profit before debt provision                1,580     1,347     17%
Provision for doubtful debts                 (233)     (221)     5%

Profit before income tax                    1,347     1,126     24%
Income tax expense                           (439)     (354)    24%
Outside equity interests                       (1)       (1)     -

Continuing operations                         907       771     18%


NET OPERATING RESULT RECONCILIATION
                                              
Continuing operations                         907       771     18%
Net abnormals                                   -        (1)    n/a
Discontinued businesses                       (12)       47     n/a

Net profit attributable to members 
 of the Company                               895       817     10%


NET OPERATING RESULT

Net interest income                         1,879     1,872      -
Other operating income                      1,261     1,290     -2%
Abnormal income                                 -        63    n/a

Operating income                            3,140     3,225     -3%
Operating expenses                         (1,560)   (1,663)    -6%
Abnormal expenses                               -         -    n/a

Profit before debt provision                1,580     1,562      1%
Provision for doubtful debts                 (241)     (256)    -6%

Profit before income tax                    1,339     1,306      3%
Income tax expense                           (443)     (424)     4%
Abnormal tax                                    -       (64)   n/a
Outside equity interests                       (1)       (1)     -

Net profit attributable to members  
 of the Company                               895       817     10%

                                            HALF YEAR        HALF YEAR
                                            MAR 2001         MAR 2000

PROFITABILITY RATIOS

Return on:

Average ordinary shareholders' equity (1)     19.6%            17.8%
Average assets                                1.04%            1.02%
Average risk weighted assets                  1.35%            1.34%
Total income                                  12.5%            12.5%

Net interest average margin                   2.77%            2.92%

EFFICIENCY RAITONS (2)

Operating expenses to operating income        49.4%            51.4%
Operating expenses to operatig income         49.4%            52.5%
- continuing businesses                        
Operating expenses to average assets           1.8%             2.1%

DEBT PROVISIONING

Economic loss provisioning ($M)                241              256
Net specific provisions ($M)                   181              197

EARNINGS PER ORDINARY SHARE (CENTS)

Earnings per ordinary share (basic)           55.8             49.3
Earnings per ordinary share (diluted)         55.4             49.1

ORDINARY SHARE DIVIDENDS (CENTS)

Interim - 100% franked (2000: 100% franked)     33               29
Final - 100% franked (2000: 100% franked)      n/a              n/a
                                              
Dividend payout ratio                         58.7%            57.9%
                                               
PREFERENCE SHARE DIVIDEND

Dividend paid ($M)                              59               49

(1) Ordinary shareholders' equity excluding outside equity interests

(2) Exclude goodwill amortisation

STATEMENT OF FINANCIAL POSITION

                                               AS AT         AS AT
                                               MAR 2001      MAR 2000
                                               $M            $M
ASSETS

Liquid assets                                  5,113           5,410
Due from other financial institutions          4,076           4,543
Trading and investment securities              8,122           9,280
Net loans and advances including             137,439         129,386
acceptances
Other                                         26,217          18,339

Total Assets                                 180,967         166,958

LIABILITIES

Due to other financial institutions           13,376           8,796
Deposits and other borrowings                102,046         106,157
Liability for acceptances                     14,532          15,364
Bonds and notes                               13,108           6,910
Other                                         27,705          20,069

Total Liabilities                            170,767         157,296
Total sharesholders' equity                   10,200           9,662

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