18 November 2020

Market Announcements Office

ASX Limited

Level 4

20 Bridge Street

SYDNEY NSW 2000

ANZ Bank New Zealand Limited

Annual Report and Registered Bank Disclosure

Statement

Australia and New Zealand Banking Group Limited (ANZ) today released its ANZ Bank New Zealand Limited Annual Report and Registered Bank Disclosure Statement for the year ended 30 September 2020.

It has been approved for distribution by ANZ's Continuous Disclosure Committee.

Yours faithfully

Simon Pordage

Company Secretary

Australia and New Zealand Banking Group Limited

Australia and New Zealand Banking Group Limited ABN 11 005 357 522 ANZ Centre Melbourne, Level 9A, 833 Collins Street, Docklands VIC 3008

ANZ BANK NEW ZEALAND LIMITED ANNUAL REPORT AND REGISTERED BANK DISCLOSURE STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2020

NUMBER 94 | ISSUED NOVEMBER 2020

CONTENTS

Annual Report and Glossary of terms

2

DISCLOSURE STATEMENT

Financial Statements

3

Consolidated financial statements

4

Notes to the financial statements

8

Registered Bank Disclosures

72

Directors' Statement

108

Independent Auditor's Report

109

ANNUAL REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Pursuant to section 211(3) of the Companies Act 1993, the shareholder of the Bank has agreed that the Annual Report of the Banking Group need not comply with any of the paragraphs (a), and (e) to (j) of subsection (1) and subsection (2) of section 211.

Accordingly, there is no information to be provided in this Annual Report other than the financial statements for the year ended 30 September 2020 and the audit report on those financial statements.

For and on behalf of the Board of Directors:

Rt Hon Sir John Key, GNZM AC

Antonia Watson

Chair

Executive Director

17 November 2020

17 November 2020

GLOSSARY OF TERMS

In this Registered Bank Disclosure Statement (Disclosure Statement) unless the context otherwise requires: Bank means ANZ Bank New Zealand Limited.

Banking Group, We or Our means the Bank and all its controlled entities. Immediate Parent Company means ANZ Holdings (New Zealand) Limited. Ultimate Parent Bank means Australia and New Zealand Banking Group Limited.

Overseas Banking Group means the worldwide operations of Australia and New Zealand Banking Group Limited including its controlled entities.

New Zealand business means all business, operations, or undertakings conducted in or from New Zealand identified and treated as if it were conducted by a company formed and registered in New Zealand.

NZ Branch means the New Zealand business of the Ultimate Parent Bank.

ANZ New Zealand means the New Zealand business of the Overseas Banking Group. OnePath means OnePath Life (NZ) Limited.

UDC means UDC Finance Limited.

Registered Office is Ground Floor, ANZ Centre, 23-29 Albert Street, Auckland, New Zealand, which is also the Banking Group's address for service.

RBNZ means the Reserve Bank of New Zealand.

APRA means the Australian Prudential Regulation Authority.

the Order means the Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2014.

Any term or expression which is defined in, or in the manner prescribed by, the Order shall have the meaning given in or prescribed by the Order.

2

FINANCIAL

STATEMENTS

Consolidated financial statements

Income statement

4

Statement of comprehensive income

4

Balance sheet

5

Cash flow statement

6

Statement of changes in equity

7

Notes to the consolidated financial statements

Basis of preparation

Non-financial assets

1. About our financial statements

8

19.

Goodwill and other intangible assets

55

Financial performance

Non-financial liabilities

2. Operating income

12

20.

Other provisions

58

3. Operating expenses

14

4. Income tax

15

Equity

5. Dividends

16

21.

Shareholders' equity

60

6. Segment reporting

16

22. Capital management

61

Financial assets

Consolidation and presentation

7. Cash and cash equivalents

18

23.

Controlled entities

62

8. Trading securities

19

24.

Structured entities

63

9. Derivative financial instruments

20

25.

Transfers of financial assets

65

10.

Investment securities

25

26.

Divestments

65

11. Net loans and advances

26

12.

Allowance for expected credit losses

27

Other disclosures

27.

Related party disclosures

66

Financial liabilities

28.

Commitments and contingent liabilities

68

13. Deposits and other borrowings

34

29. Compensation of auditors

70

14.

Debt issuances

35

Financial instrument disclosures

15.

Financial risk management

37

16.

Fair value of financial assets and financial liabilities

50

17.

Assets charged as security for liabilities

53

and collateral accepted as security for assets

18.

Offsetting

54

3

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ANZ - Australia & New Zealand Banking Group Ltd. published this content on 18 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2020 03:16:02 UTC