| 2009 $m |
2008 $m |
2007 $m |
2006 $m |
2005 $m |
|
Income statements – years ended 30 September2 |
|||||
| Net interest income | 11,646 | 7,222 | 6,313 | 5,642 | 5,259 |
| Non-interest income | 4,859 | 4,383 | 4,006 | 3,693 | 3,554 |
| Net operating income | 16,505 | 11,605 | 10,319 | 9,335 | 8,813 |
| Operating expenses4 | (7,171) | (5,455) | (4,689) | (4,413) | (4,259) |
| Impairment losses on loans | (3,238) | (931) | (482) | (375) | (382) |
| Profit from ordinary activities before income tax expense | 6,096 | 5,219 | 5,148 | 4,547 | 4,172 |
| Income tax expense | (2,579) | (1,287) | (1,630) | (1,422) | (1,223) |
| Net profit attributable to outside equity interests | (71) | (73) | (67) | (54) | (251) |
| Net profit attributable to equity holders | 3,446 | 3,859 | 3,451 | 3,071 | 2,698 |
| St.George cash earnings prior to merger | 163 | 1,321 | – | – | – |
| Cash earnings adjustments – non-merger related3 | 812 | (144) | 56 | 8 | 106 |
| St.George merger related cash earnings adjustments | 206 | 11 | – | – | – |
| Cash earnings | 4,627 | 5,047 | 3,507 | 3,079 | 2,804 |
Financial position and key financial ratios2 |
|||||
| Balance sheet | |||||
| Total assets ($m) | 589,587 | 439,676 | 377,620 | 301,461 | 267,664 |
| Shareholders’ equity and minority interests ($m) | 36,571 | 19,471 | 17,908 | 16,126 | 16,927 |
| Business performance | |||||
| Operating expenses to operating income ratio (%) | 43.4 | 47.0 | 45.4 | 47.3 | 48.3 |
| Net interest margin (%) | 2.38 | 2.07 | 2.19 | 2.29 | 2.45 |
| Productivity ratio (net operating income to salaries and other staff expenses) | 4.47 | 4.16 | 4.07 | 4.06 | 4.05 |
| Capital adequacy | |||||
| Tier 1 ratio (%) | 8.1 | 7.8 | 6.5 | 6.9 | 7.2 |
| Total capital ratio (%) | 10.8 | 10.8 | 9.5 | 9.6 | 9.7 |
| Total equity to total assets (%) | 6.2 | 4.4 | 4.7 | 5.3 | 6.3 |
| Credit quality | |||||
| Net impaired assets to equity and collectively assessed provisions (%) | 5.7 | 3.0 | 1.4 | 1.5 | 1.9 |
| Total provisions to gross loans and acceptances (basis points) | 101.2 | 69.0 | 61.6 | 63.0 | 84.0 |
| Shareholder value | |||||
| Dividends per ordinary share (cents) | 116 | 142 | 131 | 116 | 100 |
| Dividend payout ratio (%) | 92.6 | 68.9 | 70.1 | 69.4 | 67.2 |
| Dividend payout ratio – cash earnings (%) | 73.4 | 71.6 | 69.2 | 69.4 | 66.0 |
| Cash earnings to average ordinary equity (%) | 13.8 | 22.3 | 23.8 | 23.0 | 22.2 |
| Earnings per share (cents) | 125.3 | 206.0 | 186.9 | 167.2 | 148.9 |
| Net tangible assets per ordinary share ($) | 7.89 | 7.71 | 7.00 | 6.14 | 5.71 |
| Share price as at 30 September ($): | 26.25 | 21.48 | 28.50 | 22.71 | 21.10 |
| Other information | |||||
| Points of bank representation (number at financial year end) | 1,491 | 1,089 | 1,073 | 1,068 | 1,060 |
| Total employees (number at financial year end)4 | 34,188 | 26,717 | 25,903 | 25,363 | 25,583 |
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