Preliminary Final Report & On-Market Buy-Back

Document date:  Wed 03 Nov 1999
Published:  Wed 03 Nov 1999 00:00:00
Document No:  154638
Document part:  D
Market Flag:  Y
Classification:  

HOMEX - Melbourne                                                     

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FINANCIAL HIGHLIGHTS

PROFIT & LOSS

                                     1999           1998        Movt
                                       $M             $M           %

Net interest income                 3,645          3,547          3%
Other operating income              2,321          2,099         11%
                                  -----------------------------------
Net operating income                5,966          5,646          6%
Operating expenses                 (3,294)        (3,438)        -4%
                                  -----------------------------------
Operating profit before 
 debt provisions                    2,672          2,208         21%
Provision for doubtful debts         (510)          (487)         5%
Income tax expense                   (676)          (537)        26%
Outside equity interests               (6)            (9)       -33% 
                                  -----------------------------------
Operating profit after tax        
 before abnormals                   1,480          1,175         26%
                                  -----------------------------------
Abnormal loss after tax                 -            (69)        n/a 
                                  -----------------------------------
Operating profit attributable 
 to members of the Company          1,480          1,106         34%
                                  -----------------------------------

CONTINUING/DISCONTINUED OPERATIONS

Operating profit after tax before abnormals

Continuing operations               1,486          1,262         18%
Discontinued operations                (6)           (87)        n/a
                                  -----------------------------------
                                    1,480          1,175         26%
                                  -----------------------------------


BALANCE SHEET

                                    1999           1998         Movt
                                      $M             $M            %

Assets

Liquid assets                      5,283          7,527         -30%
Due from other financial 
 institutions                      3,472          4,158         -16%
Trading and investment 
 securities                        8,954          9,952         -10%
Net loans and advances 
 including acceptances           118,921        110,105           8%
Other                             12,377         17,978         -31%
                                -------------------------------------
Total assets                     149,007        149,720           0%
                                -------------------------------------
Liabilities
Due to other financial 
 institutions                      9,001         10,758         -16%
Deposits and borrowings           96,559         94,599           2%
Acceptances                       14,858         15,648          -5%
Other                             19,160         20,324          -6%
                                -------------------------------------
Total liabilities                139,578        141,329          -1%
                                -------------------------------------
Total shareholders' equity 
 and outside equity interests      9,429          8,391          12% 
                                -------------------------------------

MORE TO FOLLOW

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