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Half Yearly Report/ASIC accounts

Document date:  Fri 26 Apr 2002
Published:  Fri 26 Apr 2002 10:32:23
Document No:  189561
Document part:  D
Market Flag:  Y
Classification:  Half Yearly Report , Half Year Audit Review , Half Year Directors' Statement , Half Year Accounts , Dividend Rate

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-04-26  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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FINANCIAL HIGHLIGHTS

NET PROFIT
                               HALF      HALF       MOVT
                               YEAR      YEAR      MAR 02
                              MAR 02    MAR 01    V MAR 01
                                  $M        $M         %
 
Net interest income            1,965     1,879        5%
Other operating income         1,409     1,240       14%
Operating income               3,374     3,119        8%
Operating expenses            (1,330)   (1,539)     -14%
Profit before debt provision   2,044     1,580       29%
Provision for doubtful debts    (551)     (241)     large
Profit before income tax       1,493     1,339       12%
Income tax expense             (441)     (443)         -
Outside equity interests         (2)       (1)      100%
Net profit attributable to
 members of the company       1,050       895        17%

NET PROFIT RECONCILIATION

Profit excluding NHB recovery and
 special general provision for
 doubtful debts               1,066       895        19%

Special general provision for
 doubtful debts after tax      (175)        -        N/A

Recovery from NHB litigation 
 after tax                      159         -        N/A

Net profit attributable to 
 members of the Company       1,050       895         17%

PROFIT EXCLUDING NHB RECOVERY AND SPECIAL GENERAL PROVISION FOR
DOUBTFUL DEBTS

                               HALF      HALF       MOVT
                               YEAR      YEAR      MAR 02
                              MAR 02    MAR 01    V MAR 01
                                 $M        $M           %

Net interest income           1,965     1,879          5%
Other operating income        1,409     1,240         14%
Operating income              3,374     3,119          8%
Operating expenses           (1,578)   (1,539)         3%
Profit before debt provision  1,796     1,580         14%
Provision for doubtful debts   (301)     (241)        25%
Profit before income tax      1,495     1,339         12%
Income tax expense             (427)     (443)        -4%
Outside equity interests         (2)       (1)       100%
Profit excluding NHB recovery 
 and special general provision
 for doubtful debts           1,066       895         19% 

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