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Preliminary Final Report

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

HOMEX - Melbourne                                                     

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SEGMENT ANALYSIS

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

GEOGRAPHICAL
                              Full     Full     Movt     Half    Half
                              year     year     Sep 98   year    year
                             Sep 98   Sep 97  v.Sep 97  Sep 98  Mar 98
                              $M        $M       %       $M       $M

INCOME (1)
Australia                    6,403     6,390     0%    3,281    3,122
New Zealand                  2,008     1,917     5%    1,013      995
Principal domestic markets   8,411     8,307     1%    4,294    4,117
UK and Europe                  800     1,163   -31%      209      591
Asia Pacific                   868       863     1%      407      461
South Asia                     572       655   -13%      295      277
Americas                       419       362    16%      221      198
Middle East                    458       360    27%      233      225
International markets        3,117     3,403    -8%    1,365    1,752 
______________________________________________________________________
Total                       11,528    11,710    -2%    5,659    5,869 
______________________________________________________________________

OPERATING PROFIT BEFORE TAX
Australia                    1,107       890    24%      596      511
New Zealand                    229       168    36%      128      101
Principal domestic markets   1,336     1,058    26%      724      612
UK and Europe                  (85)      141    n/a     (151)      66
Asia Pacific                   157       139    13%       78       79
South Asia                     145       167   -13%       63       82
Americas                        65        43    51%       33       32
Middle East                    103        97     6%       47       56
International markets          385       587   -34%       70      315 
Sub-total                    1,721     1,645     5%      794      927
Abnormal loss (2)             (102)     (182)  -44%     (102)       -
______________________________________________________________________
Total                        1,619     1,463    11%      692      927 
______________________________________________________________________

OPERATING PROFIT AFTER TAX
Australia                      796       687    16%      431      365
New Zealand                    158       123    28%       93       65
Principal domestic markets     954       810    18%      524      430
UK and Europe                  (56)      105    n/a     (103)      47
Asia Pacific                   108        97    11%       51       57
South Asia                      78        84    -7%       34       44
Americas                        36        24    50%       20       16 
Middle East                     55        51     8%       24       31
International markets          221       361   -39%       26      195 
Sub-total                    1,175     1,171     0%      550      625
Abnormal loss (3)              (69)     (147)  -53%      (69)       -
______________________________________________________________________
Total                        1,106     1,024     8%      481      625
______________________________________________________________________
 

TOTAL ASSETS
                                                                 Movt
                                 As at      As at      As at    Sep 98
                                Sep 98     Mar 98      Sep 97 v.Sep 97
                                 $M          $M          $M       %

Australia                       94,194      88,729      80,321    17% 
New Zealand                     20,155      19,897      18,831     7%
Principal domestic markets     114,349     108,626      99,152    15%
UK and Europe                   13,803      16,684      16,886   -18% 
Asia Pacific                     7,104       8,223       9,844   -28% 
South Asia                       5,008       4,366       3,959    26% 
Americas                         4,919       5,692       4,611     7% 
Middle East                      4,537       4,090       3,789    20%
International markets           35,371      39,055      39,089   -10% 
______________________________________________________________________
Total                          149,720     147,681     138,241     8% 
______________________________________________________________________

RISK WEIGHTED ASSETS

Australia                       75,063      70,878      66,687    13% 
New Zealand                     13,766      13,656      14,332    -4%
Principal domestic markets      88,829      84,534      81,019    10%
UK and Europe                    8,597      11,463       8,471     1% 
Asia Pacific                     6,034       6,397       6,489    -7% 
South Asia                       3,642       3,365       2,897    26% 
Americas                         5,081       5,323       4,505    13% 
Middle East                      3,913       3,160       2,766    41%
International markets           27,267      29,708      25,128     9% 
______________________________________________________________________
Total                          116,096     114,242     106,147     9% 
______________________________________________________________________

INDUSTRY
                             Full     Full      Movt    Half   Half
                             year     year     Sep 98   year   year
                            Sep 98   Sep 97  v. Sep 97 Sep 98 Mar 98
                              $M        $M       %      $M     $M

INCOME (1) 
(equity standardised)         
Principal Domestic Markets
Personal Banking             4,347     4,499    -3%   2,200   2,147
Business Banking             1,125     1,075     5%     581     544
Asset Finance                1,006     1,039    -3%     500     506
Funds Management               177       231   -23%     101      76
Investment Banking           1,245     1,137    10%     629     616 
Sub-total                    7,900     7,981    -1%   4,011   3,889 
International Markets                               
Commercial Banking           1,564     1,518     3%     772     792
Investment Banking           1,678     1,998   -16%     672   1,006 
Sub-total                    3,242     3,516    -8%   1,444   1,798
Other                          386       213    81%     204     182 
______________________________________________________________________
Total                       11,528    11,710    -2%   5,659   5,869 
______________________________________________________________________

OPERATING PROFIT BEFORE TAX (equity standardised)
Principal Domestic Markets
Personal Banking               712       551    29%     405     307
Business Banking               344       286    20%     185     159
Asset Finance                  118       121    -2%      56      62
Funds Management                61        59     3%      37      24
Investment Banking             179        77   132%     106      73 
Sub-total                    1,414     1,094    29%     789     625

International Markets
Commercial Banking             257       284   -10%     119     138
Investment Banking             (38)      212  -118%    (143)    105 
Sub-total                      219       496   -56%     (24)    243
Other                           88        55    60%      29      59 
______________________________________________________________________
Total                        1,721     1,645     5%     794     927 
______________________________________________________________________

OPERATING PROFIT AFTER TAX (equity standardised)
Principal Domestic Markets
Personal Banking               462       359    29%     265     197
Business Banking               223       183    22%     120     103
Asset Finance                   77        82    -6%      39      38
Funds Management                61        47    30%      34      27
Investment Banking             192       163    18%     117      75 
Sub-total                    1,015       834    22%     575     440 
International Markets
Commercial Banking             160       159     1%      73      87
Investment Banking             (56)      139  -140%    (120)     64 
Sub-total                      104       298   -65%     (47)    151
Other                           56        39    44%      22      34 
______________________________________________________________________
Total                        1,175     1,171     0%     550     625 
______________________________________________________________________

                                   As at       As at       As at
                                  Sep 98      Mar 98      Sep 97
                                    $M          $M          $M
TOTAL ASSETS
Principal Domestic Markets
Personal Banking                  46,884      44,481      43,806
Business Banking                  23,911      21,824      18,364
Asset Finance                     11,366      10,803      11,212
Funds Management                     225         820         673
Investment Banking                27,703      26,984      19,753
Sub-total                        110,089     104,912      93,808
International Markets
Commercial Banking                13,791      13,749      16,568
Other                              6,217       5,410       5,565
______________________________________________________________________
Total                            149,720     147,681     138,241
______________________________________________________________________

1 Includes abnormal items
2 Abnormal items before tax

                                  Full        Full      Half    Half
                                  year        year      year    year
                                 Sep 98      Sep 97    Sep 98  Mar 98
                                   $M          $M       $M       $M 

Australia                         (17)       (240)      (17)      -
New Zealand                         -         (61)        -       -
UK and Europe                     (85)        (13)      (85)      -
Asia Pacific                        -          (1)        -       -
South Asia                          -         136         -       -
Americas                            -          (1)        -       -
Middle East                         -          (2)        -       -
______________________________________________________________________
Total abnormal loss before tax   (102)       (182)     (102)      -
______________________________________________________________________

3 Abnormal items after tax
    
                                                      
                                  Full       Full      Half    Half
                                  year       year      year    year
                                 Sep 98     Sep 97    Sep 98  Mar 98
                                   $M         $M        $M       $M 

Australia                         (11)       (155)      (11)     - 
New Zealand                         -         (41)        -      -
UK and Europe                     (58)         (9)      (58)     -
Asia Pacific                        -           -         -      -
South Asia                          -          59         -      -
Americas                            -           -         -      -
Middle East                         -          (1)        -      -
______________________________________________________________________
Total abnormal loss after tax     (69)       (147)      (69)     -
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