Australia and New Zealand Banking Group Ltd. — Interim / Quarterly Report 2012

Feb 7, 2013

ASX Release

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For Release: 8 February 2013

ANZ pro forma cash profit excel template

ANZ advised at the time of its Full Year Result in October 2012 that the Group would be adopting Cash Profit reporting in Financial Year 2013.

To assist analysts and investors, ANZ has today released a pro forma FY12 Cash Profit template. As usual a set of key table templates containing prior period numbers will be provided ahead of the 2013 Half Year result.

A short teleconference hosted by the Chief Financial Officer Shayne Elliott and Deputy Chief Financial Officer Shane Buggle will be held at 12.45pm to discuss the template released today. A replay will be available on the ANZ website later this afternoon.

For analyst and institutional shareholder enquiries contact:

Jill Craig Group GM, Investor Relations Tel: +61-3-8654 7749 or +61-412-047448 Email: Jill.Craig@anz.com

Ben Heath Senior Manager, Investor Relations Tel: +61-3-8654 7793 or +61-435-655033 Email: Ben.Heath@anz.com

Mark Chen Manager, Investor Relations Tel: +61-3-8655 0776 or +61-466-748553 Email: Mark.Chen@anz.com

Australia and New Zealand Banking Group Limited ABN 11 005 357 522

ANZ CASH PROFIT DEFINITION

The Group uses cash profit as a measure of the result of the ongoing business activities of the Group, enabling shareholders to assess Group and Divisional performance against prior periods and against peer institutions. To calculate cash profit, the Group excludes items within the statutory net profit as outlined below. These items are calculated consistently year on year and do not discriminate between positive and negative adjustments.

Gains and losses are adjusted where they are significant, or have the potential to be significant in any one period, and fall into one of three categories:

1. non-core gains or losses included in earnings arising from changes in tax, legal, accounting legislation or other non-core items not associated with the ongoing operations of the Group;

2. treasury shares, revaluation of policyholder liabilities, economic hedging impacts and similar accounting items that represent timing differences that will reverse through earnings in the future; and

3. accounting reclassifications between individual line items that do not impact reported results, such as policyholder tax recoveries.

Profit Reconciliation

Full YearSep 12$MMar 12$MSep 12$MStatutory profit attributable to shareholders of the Company2,7422,9195,661Adjustments29654350Underlying profit (current)/Cash profit (revised)3,0382,9736,011Full YearSep 12$MMar 12$MSep 12$MAdjustments between statutory profitand underlying profit/cash profitGain on sale of Visa shares(224)-(224)New Zealand Simplification programme5946105Acquisition related adjustments132841Treasury shares adjustment267096Economic hedging - fair value (gains)/losses20722229Revenue and net investment hedges (gains)/losses10(63)(53)Capitalised software impairment220-220NZ managed funds impacts-11Policyholder liability discount valuationNon continuing businessesCredit intermediation trades(16)(46)(62)Other1(4)(3)Total adjustments betweenstatutory profit and underlying profit/cash profit29654350As reported - Underlying profitHalf YearHalf Year	Full YearSep 12$MMar 12$MSep 12$M2,7422,9195,661192(23)1692,9342,8965,830Full YearSep 12$MMar 12$MSep 12$M2670962072222910(63)(53)(35)(6)(41)(16)(46)(62)192(23)169Revised approach - Cash profitHalf YearHalf Year	Full YearSep 12$MMar 12$MSep 12$M2,7422,9195,661192(23)1692,9342,8965,830Full YearSep 12$MMar 12$MSep 12$M2670962072222910(63)(53)(35)(6)(41)(16)(46)(62)192(23)169Revised approach - Cash profitHalf YearHalf Year
		Sep 12$M5,661169
Underlying profit (current)/Cash profit (revised)		5,830
Adjustments between statutory profitand underlying profit/cash profitGain on sale of Visa sharesNew Zealand Simplification programmeAcquisition related adjustmentsTreasury shares adjustmentEconomic hedging - fair value (gains)/lossesRevenue and net investment hedges (gains)/lossesCapitalised software impairmentNZ managed funds impactsPolicyholder liability discount valuationNon continuing businessesCredit intermediation tradesOther		Full Year
		Sep 12$M96229(53)(41)(62)
Total adjustments betweenstatutory profit and underlying profit/cash profit		169

Cash profit

Net interest incomeOther operating income	Full YearSep 12$MMar 12$MSep 12$M6,1285,98412,1123,0012,7365,7379,1298,72017,849(4,386)(4,133)(8,519)4,7434,5879,330(688)(570)(1,258)4,0554,0178,072(1,119)(1,117)(2,236)(2)(4)(6)2,9342,8965,830Half Year
Operating incomeOperating expenses
Profit before credit impairment and income taxProvision for credit impairment
Profit before income taxIncome tax expenseNon-controlling interests
Cash profit

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