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Preliminary Final Report

Document date:  Thu 24 Oct 2002
Published:  Thu 24 Oct 2002 11:39:02
Document No:  196680
Document part:  G
Market Flag:  Y
Classification:  Preliminary Final Report , Periodic Reports - Other , Dividend Record Date , Dividend Pay Date , Dividend Rate

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-10-24  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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CHIEF FINANCIAL OFFICERS REVIEW (continued)

BUSINESS SEGMENT PERFORMANCE

Analysis of the segment and business unit results appears on pages 15
to 55. The principles used to compile business unit results are
explained in the glossary on page 122.

Net profit for each business is determined after service transfer
pricing and equity standardisation.

The Group from time to time modifies the organisation of its
businesses to enhance the focus on delivery of specialised products
or services to customers. Prior period numbers are adjusted for such
organisational changes to allow comparability.

                                     FULL       FULL      MOVT
                                     YEAR       YEAR      SEP 02
                                     SEP 02     SEP 01    V.SEP 01
                                      $M         $M         %
Personal Banking 
and Wealth Management                 573        526        9%
Corporate Businesses                  527        466       13%
ANZ Investment Bank                   311        288        8%
Small to Medium Business              157        130       21%
Mortgages                             246        236        4%
Consumer Finance                      149         99       51%
Asset Finance                         102         92       11%
Group Treasury                        124         75       65%
Operating segments total            2,189      1,912       14%
Corporate Centre                      (21)       (42)     -50%
Profit excluding 
significant transactions 1          2,168      1,870       16%

1. Significant transaction during the half year ended 30 September,
2002 was sale of businesses to INGA joint venture; during half year
ended 31 March, 2002 were NHB recovery and special provision for
doubtful debts.

SPECIALIST BUSINESS UNITS
                                     FULL       FULL      MOVT
                                     YEAR       YEAR      SEP 02
                                     SEP 02     SEP 01    V.SEP 01
                                      $M         $M         %
Personal Banking Australia           252        243         4%
Personal Banking New Zealand          95        102        -7%
Asia Pacific Personal Banking         92         66        39%
Wealth Management                    101         70        44%
INGA Joint Venture /                                      
ANZ Funds Management                  33         45       -27%
Corporate Banking                    134        126         6%
Global Institutional Banking         243        205        19%
Global Transaction Services          150        135        11%
Global Foreign Exchange               84         87        -3%
Global Capital Markets                64         53        21%
Global Structured Finance             84         76        11%
Corporate Finance & Advisory          79         72        10%
Small to Medium Business             157        130        21%
Mortgages                            246        236         4%
Consumer Finance                     149         99        51%
Asset Finance                        102         92        11%
Group Treasury                       124         75        14%
Corporate Centre                     (21)       (42)      -50%
Profit excluding 
significant transactions 1         2,168      1,870        16%

1. Significant transaction during the half year ended 30 September,
2002 was sale of businesses to INGA joint venture; during half year
ended 31 March, 2002 were NHB recovery and special provision for
doubtful debts.


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