Half Yearly Report and Accounts

Document date:  Wed 27 May 1998
Published:  Wed 27 May 1998 00:00:00
Document No:  137675
Document part:  L
Market Flag:  Y
Classification:  

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
SEGMENT ANALYSIS



The following analysis shows segment income, operating profit, total 
assets and risk weighted assets issued on geographical locations and 
income, operating profit and total assets by industry segment.  
Provisions for doubtful debts have been calculated on an economic 
loss provisioning basis for all half-years.

GEOGRAPHICAL
                       Half      Half      Half      Movt      Movt
                       Year      Year      Year    Mar 98    Mar 98
                     Mar 98    Sep 97    Mar 97  v.Sep 97  v.Mar 97 
                         $M        $M        $M         %         %
--------------------------------------------------------------------
Income(1)  
Australia             3,122     3,137     3,253        0%       -4%
New Zealand             995       944       973        5%        2%
--------------------------------------------------------------------
Principal domestic 
 markets              4,117     4,081     4,226        1%       -3%
--------------------------------------------------------------------
UK and Europe           591       644       519       -8%       14%
Asia Pacific            461       446       417        3%       11%
South Asia              277       274       381        1%      -27%
Americas                198       182       180        9%       10%
Middle East             225       193       167       17%       35%
--------------------------------------------------------------------
International markets 1,752     1,739     1,664        1%        5%
--------------------------------------------------------------------
                      5,869     5,820     5,890        1%        0%
--------------------------------------------------------------------
Operating profit before tax  
Australia               520       402       488       29%        7%
New Zealand              92        89        79        3%       16%
--------------------------------------------------------------------
Principal domestic 
 markets                612       491       567       25%        8%
--------------------------------------------------------------------
UK and Europe            66        72        69       -8%       -4%
Asia Pacific             79        82        57       -4%       39%
South Asia               82        98        69      -16%       19%
Americas                 32        28        15       14%      113%
Middle East              56        47        50       19%       12%
--------------------------------------------------------------------
International markets   315       327       260       -4%       21%
--------------------------------------------------------------------
                        927       818       827       13%       12%
Abnormal (loss)(2)        -     (177)       (5)     -100%     -100%
                        927       641       822       45%       13%
--------------------------------------------------------------------
Operating profit after tax 
Australia               371       317       370       17%        0%
New Zealand              59        65        58       -9%        2%
--------------------------------------------------------------------
Principal domestic 
 markets                430       382       428       13%        0%
--------------------------------------------------------------------
UK and Europe            47        57        48      -18%       -2%
Asia Pacific             57        56        41        2%       39%
South Asia               44        55        29      -20%       52%
Americas                 16        17         7       -6%      129%
Middle East              31        24        27       29%       15%
--------------------------------------------------------------------
International markets   195       209       152       -7%       28%
--------------------------------------------------------------------
                        625       591       580        6%        8%
Abnormal (loss)(3)        -     (116)      (31)     -100%     -100%
--------------------------------------------------------------------
                        625       475       549       32%       14%
--------------------------------------------------------------------
Total Assets   
Australia            88,719    80,321    77,031       10%       15%
New Zealand          19,897    18,831    18,017        6%       10%
---------------------------------------------------------------------
principal domestic 
 markets            108,626    99,152    95,048       10%       14%
---------------------------------------------------------------------
UK and Europe        16,684    16,886    17,417       -1%       -4%
Asia Pacific          8,223     9,844    10,068      -16%      -18%
South Asia            4,366     3,959     3,863       10%       13%
Americas              5,692     4,611     5,666       23%        0%
Middle East           4,090     3,789     2,958        8%       38%
---------------------------------------------------------------------
International 
 markets             39,055      39,089    39,972        0%       -2%
---------------------------------------------------------------------
                    147,681   138,241   135,020        7%        9%
---------------------------------------------------------------------
Risk weighted assets 
Australia            70,878    66,687    62,987        6%       13%
New Zealand          13,656    14,332    13,840       -5%       -1%
---------------------------------------------------------------------
Principal domestic 
 markets             84,534    81,019    76,827        4%       10%
---------------------------------------------------------------------
UK and Europe        11,463     8,471     7,283       35%       57%
Asia Pacific          6,397     6,489     5,860       -1%        9%
South Asia            3,365     2,897     2,600       16%       29%
Americas              5,323     4,505     5,449       18%       -2%
Middle East           3,160     2,766     1,986       14%       59%
---------------------------------------------------------------------
International 
 markets             29,708    25,128    23,178       18%       28%
---------------------------------------------------------------------
                    114,242   106,147   100,005        8%       14%
---------------------------------------------------------------------


INDUSTRY 
                      Half      Half      Half      Movt      Movt
                       Year      Year      Year    Mar 98    Mar 98
                     Mar 98    Sep 97    Mar 97  v.Sep 97  v.Mar 97 
                         $M        $M        $M         %         %
---------------------------------------------------------------------
Income (1)    
General banking       4,008     3,914     4,206        2%       -5%
Asset based finance     524       567       606       -8%      -14%
Insurance and funds 
 management              88        91        92       -3%       -4%
Investment banking and
 markets              1,249     1,248       986        0%       27%
---------------------------------------------------------------------
                      5,869     5,820     5,890        1%        0%
---------------------------------------------------------------------
Operating profit before tax 
General banking         650       510       601       27%        8%
Asset based finance      83        78       108        6%      -23%
Insurance and funds 
 management              34        31        33       10%        3%
Investment banking and 
 markets                160       199        85      -20%       88%
--------------------------------------------------------------------- 
                        927       818       827       13%       12%
---------------------------------------------------------------------
Operating profit after tax 
General banking         408       295       390       38%        5%
Asset based finance      52        51        70        2%      -26%
Insurance and funds 
 management              28        28        26        0%        8%
Investment banking and 
 markets                137       217        94      -37%       46%
---------------------------------------------------------------------
                        625       591       580        6%        8%
---------------------------------------------------------------------
Total assets           
General banking      97,101    96,253    94,023        1%        3%
Asset based finance  10,793    11,258    10,899       -4%       -1%
Insurance and funds 
 management             806       311       272      159%      196%
investment banking and 
 markets             38,981    30,419    29,826       28%       31%
---------------------------------------------------------------------
                    147,681   138,241   135,020        7%        9%
---------------------------------------------------------------------




(1) Includes Abnormal Items
(2) Abnormal Items before Tax

                                        Half       Half        Half
                                        Year       Year        Year
                                      Mar 98     Sep 97      Mar 97
                                          $M         $M          $M
---------------------------------------------------------------------
Australia                                  -       (116)       (124)
New Zealand                                -        (50)        (11)
UK and Europe                              -         (3)        (10)
Asia Pacific                               -         (1)           -
Middle East                                -         (2)           -
---------------------------------------------------------------------
Total abnormal loss before tax             -       (177)         (5)
---------------------------------------------------------------------

(3) Abnormal items after tax
                                        Half       Half        Half
                                        Year       Year        Year
                                      Mar 98     Sep 97      Mar 97
                                          $M         $M          $M
---------------------------------------------------------------------
Australia                                  -        (75)        (80)
New Zealand                                -        (34)         (7)
UK and Europe                              -         (3)         (6)
Asia Pacific                               -           -           -
South Asia                                 -         (3)          62
Americas                                   -           -           -
Middle East                                -         (1)           -
---------------------------------------------------------------------
Total abnormal loss before tax             -       (116)        (31)
---------------------------------------------------------------------

                                                                                                                                                                                                                                     1