Preliminary Final Report

Document date:  Thu 24 Oct 2002
Published:  Thu 24 Oct 2002 13:28:34
Document No:  196680
Document part:  T
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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CONSOLIDATED STATEMENT OF CASH FLOWS
                                                    Full        Full
                                                    year        year
                                                  Sep 02      Sep 01
                                                 Inflows     Inflows
                                               (Outflows)  (Outflows)
                                                      $M          $M

CASH FLOWS FROM OPERATING ACTIVITIES
Interest received                                10,148      11,054
Dividends received                                    3          75
Fees and other income received                    2,919       2,783
Interest paid                                    (5,367)     (6,703)
Personnel expenses paid                          (1,900)     (1,827)
Premises expenses paid                             (268)       (253)
Other operating expenses paid                    (1,893)     (1,775)
Income taxes paid
 Australia                                         (677)       (613)
 Overseas                                          (176)       (210)
GST paid Net (increase) decrease                    (28)        (53)
 in trading securities                           (1,030)       (629)

NET CASH PROVIDED BY OPERATING ACTIVITIES         1,731       1,849

CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease(increase)
 Liquid assets - greater than three months         (442)      1,755
 Due from other financial institutions              554         909
 Regulatory deposits                                 37         (27)
 Loans and advances                              (9,441)     (4,829)
 Shares in controlled entities and associates        (1)        (36)
Investment securities
 Purchases                                       (1,973)     (4,005)
 Proceeds from sale or maturity                   1,558       3,630
Controlled entities and associates
 Purchased (net of cash acquired)                (1,050)       (36)
 Proceeds from sale (net of cash disposed)            -          -
Premises and equipment
 Purchases                                         (385)      (452)
 Proceeds from sale                                 101        127
Recovery from NHB litigation                        248          -
Other                                               201     (1,226)

NET CASH (USED IN) INVESTING ACTIVITIES         (10,593)    (4,190)

CASH FLOWS FROM FINANCING ACTIVITIES
Net (decrease)increase
 Due to other financial institutions             (1,211)      (826)
 Deposits and other borrowings                    9,152        890
 Payables and other liabilities                     362        581
Bonds and notes
 Issue proceeds                                   4,538      7,542
 Redemptions                                     (3,519)    (2,878)
Loan capital
 Issue proceeds                                     759          -
 Redemptions                                       (589)      (244)
Decrease in outside equity interests                  1         (1)
Dividends paid                                   (1,178)    (1,028)
Share capital issues                                112        114
Share buyback                                         -       (495)

NET CASH PROVIDED BY FINANCING ACTIVITIES         8,427      3,655

Net cash provided by operating activities          1,731     1,849
Net cash (used in) investing activities          (10,593)   (4,190)
Net cash provided by financing activities          8,427     3,655

Net (decrease)increase in cash and
 cash equivalents                                   (435)    1,314
Cash and cash equivalents at beginning
 of period                                         9,071     6,462
Foreign currency translation on opening balances    (711)    1,295

CASH AND CASH EQUIVALENTS AT END OF PERIOD         7,925     9,071


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