Preliminary Final Report

Document date:  Wed 04 Nov 1998
Published:  Wed 04 Nov 1998 00:00:00
Document No:  142712
Document part:  N
Market Flag:  Y
Classification:  

HOMEX - Melbourne                                                     

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STATEMENT OF CASH FLOWS
                        FULL        FULL         HALF        HALF    
                        YEAR        YEAR         YEAR        YEAR
                        SEP 98      SEP 97       SEP 98      MAR 98
                 PAGE   INFLOWS     INFLOWS      INFLOWS     INFLOWS
                 REF   (OUTFLOWS)  (OUTFLOWS)   (OUTFLOWS)  (OUTFLOWS)
CASH FLOWS FROM 
OPERATING ACTIVITIES      $M          $M           $M          $M

Interest received        9,403       9,389        4,819       4,584

Dividends received         169         327           98          71

Fees and other
Interest paid           (6,238)     (5,996)      (3,115)     (3,123)

Personnel expenses 
paid                    (2,001)     (2,155)        (999)     (1,002)

Premises expenses
paid                      (291)       (315)        (143)       (148)

Other operating
expenses paid           (1,085)       (759)        (519)       (566)
 
Income taxes paid
 Australia                (184)       (201)        (100)        (84)
 Overseas                 (239)       (225)        (106)       (133)

Net decrease(increase)
in trading securities      926         304        1,632        (706)
______________________________________________________________________

NET CASH PROVIDED 
BY(USED IN) OPERATING 
ACTIVITIES        54     2,257       2,033        2,354         (97) 
______________________________________________________________________

CASH FLOWS FROM
INVESTING ACTIVITIES

Net decrease(increase) in
 Due from other 
 financial institutions  2,299      1,840        1,691         608
 Regulatory deposits      (308)       (14)        (224)        (84)
 Net loans and advances (9,680)    (8,029)      (4,569)     (5,111)

Investment securities 
 Purchases              (5,490)    (3,140)      (2,224)     (3,266)
 Proceeds from sale
 or maturity             5,279      2,803        2,194       3,085

Controlled entities 
& associates
 Purchased 
 (net of cash acquired)     (8)       (11)          (8)          -
 Proceeds from sale
 (net of cash disposed)      -         41            -           -

Premises and equipment
 Purchases                (143)      (219)         (24)       (119)
 Proceeds from sale         75         47           49          26

Other                    1,483      1,389        1,194         289
______________________________________________________________________

NET CASH USED IN
INVESTING ACTIVITIES    (6,493)    (5,293)      (1,921)     (4,572)
______________________________________________________________________

CASH FLOWS FROM
FINANCING ACTIVITIES

Net (decrease)increase in
 Due to other financial 
 institutions           (2,047)    (2,787)         814      (2,861)
 Deposits and other
 borrowings              2,131      7,861       (3,438)      5,569
 Creditors and other
 liabilities              (288)       425       (2,219)      1,931

Bonds and notes
 Issue proceeds            802        973          404         398
 Redemptions            (2,174)    (1,434)      (1,003)     (1,171)

Loan capital
 Issue proceeds            559        323          559           -
 Redemptions              (273)      (851)        (108)       (165)

(Decrease)increase in
outside equity interests    (3)        (3)           1          (4)

Dividends paid            (491)      (478)        (238)       (253)

Share capital issues       714         39          710           4
______________________________________________________________________

NET CASH (USED IN)
PROVIDED BY
FINANCING ACTIVITIES    (1,070)     4,068       (4,518)      3,448 ______________________________________________________________________

Net cash provided by
(used in) operating
activities               2,257      2,033        2,354         (97)

Net cash used in 
investing activities    (6,493)    (5,293)      (1,921)     (4,572)

Net cash (used in)
provided by financing
activities              (1,070)     4,068       (4,518)      3,448
______________________________________________________________________

Net (decrease)
increase in cash and 
cash equivalents        (5,306)       808       (4,085)     (1,221)

Cash and cash
equivalents at
beginning of period     12,456     11,246       12,498      12,456

Foreign currency
translation on
opening balances         1,831        402          568       1,263
______________________________________________________________________

CASH AND CASH 
EQUIVALENTS AT END
OF PERIOD         54     8,981     12,456        8,981      12,498
______________________________________________________________________



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