Half Yearly Report/Accounts

Document date:  Thu 24 Apr 2003
Published:  Thu 24 Apr 2003 08:45:38
Document No:  203518
Document part:  H
Market Flag:  Y
Classification:  Half Yearly Report , Half Year Audit Review , Half Year Directors' Statement , Half Year Accounts , Dividend Record Date , Dividend Pay Date , Dividend Rate 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-04-24  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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FINANCIAL HIGHLIGHTS (CONTINUED)

STATEMENT OF FINANCIAL POSITION

                                   AS AT         AS AT         MOVT
                                   MAR 03        MAR 02       MAR 03
                                     $M            $M        V MAR 02
                                                                 %

ASSETS

Liquid assets                     7,759          6,752          15%

Due from other financial
 institutions                     3,123          3,468         -10%

Trading and investment
  securities                      9,520          7,905          20%

Net loans and advances
  including acceptances         155,235        139,779          11%

Other                            14,881         18,685         -20%

TOTAL ASSETS                    190,518        176,589           8%

LIABILITIES

Due to other financial
 institutions                     8,824          8,215           7%

Deposits and other borrowings   122,256        105,616          16%

Liability for acceptances        13,270         14,512          -9%

Bonds and notes                  14,917         14,437           3%

Other                            18,766         23,006         -18%

TOTAL LIABILITIES               178,033        165,786           7%

TOTAL SHAREHOLDERS' EQUITY       12,485         10,803          16%

ASSETS AND CAPITAL
                                                   AS AT       MOVT
                                                   MAR 03     MAR 03
                                                     $M      V MAR 02
                                                                 %  

Total assets                                      190,518        8%
Risk weighted assets                              148,603       10%
Shareholders' equity(1, 2)                         12,468       16%

Total advances                                    157,323       11%
Net advances                                      155,235       11%
Net tangible assets per ordinary share ($)           7.32       19%
Net tangible assets attributable to 
 ordinary shareholders                             11,072       20%
Total number of ordinary shares (M)               1,513.4        1%

                                                   AS AT       MOVT
                                                   MAR 03     MAR 03
                                                     %       V MAR 02
                                                                 %  
Capital adequacy ratio (%)
Inner Tier(1)                                       6.9%       1%
Tier(1)                                             7.7%      -1%
Tier(2)                                             3.4%      10%

Total capital ratio                                 9.9%      -5%
Adjusted common equity ratio                        5.7%     -10%

                                                   AS AT       MOVT
                                                   MAR 03     MAR 03
                                                     $M      V MAR 02
                                                                 % 
IMPAIRED ASSETS


General provision                                  1,530      -1%
General provision as a % of risk
  weighted assets                                   1.03%    -10%
Gross non-accrual loans                            1,153     -15%
Specific provisions                                 (553)      6%

Net non-accrual loans                                600     -28%
Specific provision as a % of total
 non-accrual loans                                  48.0%     24%
Total provisions 3 as a % of                               
 non-accrual loans                                 180.7%     18%
Net non-accrual loans as a % of
  net advances                                       0.4%    -33%
Net non-accrual loans as a % of
  shareholders' equity(4)                            4.8%    -38%

OTHER INFORMATION

Full time equivalent staff (FTE's)                22,483      -1%
Assets per FTE ($M)                                  8.5       9%
Market capitalisation of ordinary
  shares ($M)                                     27,135       2%

1. Excludes outside equity interests
2. Includes preference share capital of $1,225 million (Sep 2002:
   $1,375 million; Mar 2002: $1,410 million)
3. General provision plus specific provisions on non-accrual loans
4. Includes outside equity interests

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