ASB Bank Limited
Consolidated Performance in Brief
Consolidated Performance in Brief
Previous | Previous | |||||||||||||||||||
NZ IFRS | NZ IFRS | NZ IFRS | NZ GAAP | NZ GAAP | ||||||||||||||||
For the year ended 30 June | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||
INCOME STATEMENT ($ MILLIONS) | ||||||||||||||||||||
Interest Income | 3,816 | 3,210 | 2,682 | 2,099 | 1,899 | |||||||||||||||
Interest Expense | 2,926 | 2,406 | 1,906 | 1,411 | 1,282 | |||||||||||||||
Net Interest Earnings | 890 | 804 | 776 | 688 | 617 | |||||||||||||||
Other Income | 420 | 344 | 268 | 249 | 234 | |||||||||||||||
Total Operating Income | 1,310 | 1,148 | 1,044 | 937 | 851 | |||||||||||||||
Impairment Losses on Advances | 18 | 19 | 16 | 21 | 25 | |||||||||||||||
Total Operating Income after Impairment Losses | 1,292 | 1,129 | 1,028 | 916 | 826 | |||||||||||||||
Total Operating Expenses | 533 | 495 | 470 | 446 | 407 | |||||||||||||||
Net Profit before Taxation | 759 | 634 | 558 | 470 | 419 | |||||||||||||||
Taxation | 227 | 194 | 179 | 153 | 141 | |||||||||||||||
Net Profit after Taxation * | 532 | 440 | 379 | 317 | 278 | |||||||||||||||
BALANCE SHEET ($ MILLIONS) | ||||||||||||||||||||
Total Assets | 52,893 | 44,568 | 38,796 | 33,048 | 27,538 | |||||||||||||||
Advances (includes Money Market Advances and Advances to Customers before Collective Provision for Impairment) | 45,204 | 39,034 | 34,978 | 28,789 | 22,297 | |||||||||||||||
Collective Provision | 84 | 79 | 123 | 108 | 89 | |||||||||||||||
Specific Provisions | 7 | 1 | 9 | 9 | 10 | |||||||||||||||
Total Liabilities | 49,773 | 41,879 | 36,527 | 31,452 | 26,228 | |||||||||||||||
Deposits (includes Money Market Deposits, Deposits from Customers and Amounts Due to Other Banks) | 47,792 | 41,066 | 36,050 | 30,832 | 25,621 | |||||||||||||||
SHAREHOLDER’S EQUITY ($ MILLIONS) | ||||||||||||||||||||
Shareholder’s Equity at End of Year | 3,120 | 2,689 | 2,269 | 1,596 | 1,310 | |||||||||||||||
Dividends: Ordinary | 825 | 860 | 43 | 25 | 195 | |||||||||||||||
Perpetual Preference | 31 | 30 | 16 | 10 | 6 | |||||||||||||||
PERFORMANCE | ||||||||||||||||||||
Return on Ordinary Shareholder’s Equity * | 21.3 | % | 21.3 | % | 23.3 | % | 24.5 | % | 25.4 | % | ||||||||||
Return on Total Average Assets | 1.1 | % | 1.1 | % | 1.1 | % | 1.1 | % | 1.1 | % | ||||||||||
Net Interest Margin as % of Total Average Assets | 1.8 | % | 1.9 | % | 2.2 | % | 2.3 | % | 2.4 | % | ||||||||||
Total Operating Expenses as % of Total Operating Income * | 40.7 | % | 43.1 | % | 45.0 | % | 47.7 | % | 47.9 | % | ||||||||||
Growth in Total Assets | 18.7 | % | 14.9 | % | 17.4 | % | 20.0 | % | 13.6 | % | ||||||||||
PRUDENTIAL | ||||||||||||||||||||
Shareholder’s Equity as a Percentage of Total Assets | 5.9 | % | 6.0 | % | 5.8 | % | 4.8 | % | 4.8 | % | ||||||||||
Tier One Capital as a Percentage of Total Risk Weighted Exposures | 9.0 | % | 9.8 | % | 9.6 | % | 8.2 | % | 8.1 | % | ||||||||||
Total Capital as a Percentage of Total Risk Weighted Exposures | 10.5 | % | 10.6 | % | 10.2 | % | 10.2 | % | 10.3 | % | ||||||||||
* | Includes $52m in post tax accounting gains arising from the application of NZ IAS 39Financial Instruments: Recognition and Measurement.ASB’s financial result media statement focuses on operational performance and exculdes this $52m. |