Preliminary Final Report
Document date:
Wed 04 Nov 1998
Published:
Wed 04 Nov 1998 00:00:00
Document No:
142712
Document part:
R
Market Flag:
Y
Classification:
HOMEX - Melbourne
+++++++++++++++++++++++++
IMPAIRED ASSETS
AS AT AS AT AS AT
SEP 98 MAR 98 SEP 97
$M $M $M
SUMMARY OF IMPAIRED ASSETS
Non-accrual loans 1,662 1,235 872
Restructured loans 4 5 13
Unproductive facilities 104 41 75
______________________________________________________________________
Non-accrual loans (762) (587) (444)
Unproductive facilities (57) (24) (9)
______________________________________________________________________
NET IMPAIRED ASSETS 951 670 507
______________________________________________________________________
NON-ACCRUAL LOANS
Non-accrual loans 1,662 1,235 872
Specific provisions (762) (587) (444)
______________________________________________________________________
900 648 428
______________________________________________________________________
BEFORE SPECIFIC PROVISIONS
Australia 852 729 625
New Zealand 116 83 94
______________________________________________________________________
Principal domestic markets 968 812 719
International markets 694 423 153
______________________________________________________________________
TOTAL NON-ACCRUAL LOANS 1,662 1,235 872
______________________________________________________________________
AFTER SPECIFIC PROVISIONS
Australia 561 423 313
New Zealand 83 65 74
______________________________________________________________________
Principal domestic markets 644 488 387
International markets 256 160 41
______________________________________________________________________
TOTAL NET NON-ACCRUAL LOANS 900 648 428
______________________________________________________________________
AS AT AS AT AS AT
SEP 98 MAR 98 SEP 97
$M $M $M
RESTRUCTURED LOANS
Australia 4 4 4
New Zealand - - -
International markets - 1 9
______________________________________________________________________
4 5 13
______________________________________________________________________
OTHER REAL ESTATE OWNED (OREO) - - -
______________________________________________________________________
In the event of customer default, any loan security is held as
mortgagee in possession and therefore the Group does not hold any
other real estate owned assets.
UNPRODUCTIVE FACILITIES
Australia 35 32 17
New Zealand - - 49
International markets 69 9 9
______________________________________________________________________
104 41 75
Specific provisions (57) (24) (9)
______________________________________________________________________
NET UNPRODUCTIVE FACILITIES 47 17 66
______________________________________________________________________
ACCRUING LOANS PAST DUE 90 DAYS OR MORE(1)
The following amounts are not classified as impaired assets and
therefore are not included within the summary on page 35.
International markets 17 12 8
______________________________________________________________________
283 281 243
______________________________________________________________________
(1)Less than $100,000 or fully secured
Further analysis of non-accrual loans at 30 September 1998 and
interest and/or other income received during the period is as
follows:
INTEREST AND/OR
GROSS BALANCE SPECIFIC OTHER INCOME
OUTSTANDING PROVISION RECEIVED
$M $M $M
NON-ACCRUAL LOANS
Without provisions
Australia 166 - 12
New Zealand 22 - 2
International markets 60 - 2
______________________________________________________________________
248 - 16
______________________________________________________________________
With provisions and no,
or partial, performance(1)
Australia 568 243 8
New Zealand 85 27 1
International markets 566 395 2
______________________________________________________________________
1,219 665 11
______________________________________________________________________
With provisions and
full performance(1)
Australia 118 48 9
New Zealand 9 6 -
International markets 68 43 3
______________________________________________________________________
195 97 12
______________________________________________________________________
TOTAL NON-ACCRUAL LOANS 1,662 762 39
______________________________________________________________________
(1)A loan's performance is assessed against its contractual repayment
schedule
INTEREST AND OTHER INCOME FORGONE ON IMPAIRED ASSETS
The following table shows the estimated amount of interest and other
income forgone, net of interest recoveries, on average impaired
assets during the period.
FULL HALF HALF FULL
YEAR YEAR YEAR YEAR
SEP 98 SEP 98 MAR 98 SEP 97
$M $M $M $M
Gross interest and other
income receivable on
impaired assets
Australia 77 42 35 96
______________________________________________________________________
TOTAL GROSS INTEREST AND
OTHER INCOME RECEIVABLE
ON IMPAIRED ASSETS 122 76 46 121
______________________________________________________________________
Interest income and other
income received
Australia (29) (14) (15) (42)
New Zealand (3) (1) (2) (3)
International markets (7) (5) (2) (5)
______________________________________________________________________
TOTAL INTEREST INCOME AND
OTHER INCOME RECEIVED (39) (20) (19) (50)
______________________________________________________________________
Net interest and other
income forgone
Australia 48 28 20 54
New Zealand 5 4 1 7
TOTAL NET INTEREST AND
OTHER INCOME FORGONE 83 56 27 71
______________________________________________________________________
MORE TO FOLLOW
1
Sponsored links
Home | Contact us | FAQs | Sitemap | Glossary
Terms of use | Privacy Statement | Accessibility Statement
© 2013 ASX Limited ABN 98 008 624 691