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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ANZ)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 07/30
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Australia and New Zealand Banking : ANZ Bank New Zealand Disclosure Statement

05/09/2021 | 06:26pm EDT

10 May 2021

Market Announcements Office

ASX Limited

Level 4

20 Bridge Street

SYDNEY NSW 2000

ANZ Bank New Zealand Limited

Registered Bank Disclosure Statement

Australia and New Zealand Banking Group Limited (ANZ) today released its ANZ Bank New Zealand Limited Registered Bank Disclosure Statement for the six months ended 31 March 2021.

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 REGISTERED BANK DISCLOSURE STATEMENT

FOR THE SIX MONTHS ENDED 31 MARCH 2021

NUMBER 95 | ISSUED MAY 2021

CONTENTS

Glossary of terms

2

DISCLOSURE STATEMENT

Interim Financial Statements

3

Condensed consolidated interim financial statements

4

Notes to the interim financial statements

8

Registered Bank Disclosures

24

Directors' Statement

44

Independent Auditor's Review Report

45

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.

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

INTERIM FINANCIAL

STATEMENTS

Condensed consolidated interim 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 condensed consolidated interim financial statements

Basis of preparation

1. About our interim financial statements

8

Financial performance

2. Other operating income

9

3. Operating expenses

9

4. Segment reporting

10

Financial and non-financial assets

5. Net loans and advances

11

6. Allowance for expected credit losses

12

7. Goodwill and other intangible assets

16

Financial and non-financial liabilities

8. Deposits and other borrowings

18

9. Other provisions

18

10. Debt issuances

18

Financial instrument disclosures

11. Credit risk

19

12. Fair value of financial assets and financial liabilities

21

Other disclosures

13. Commitments and contingent liabilities

22

14. Subsequent events

22

3

ANZ BANK NEW ZEALAND LIMITED

UNAUDITED

INTERIM FINANCIAL STATEMENTS

INCOME STATEMENT

2021

2020

For the six months ended 31 March

Note

NZ$m

NZ$m

Interest income

2,334

2,998

Interest expense

(661)

(1,332)

Net interest income

1,673

1,666

Other operating income

2

338

483

Operating income

2,011

2,149

Operating expenses

3

(772)

(836)

Profit before credit impairment and income tax

1,239

1,313

Credit impairment release / (charge)

6

70

(233)

Profit before income tax

1,309

1,080

Income tax expense

(362)

(296)

Profit for the period

947

784

STATEMENT OF COMPREHENSIVE INCOME

2021

2020

For the six months ended 31 March

NZ$m

NZ$m

Profit for the period

947

784

Other comprehensive income

Items that will not be reclassified subsequently to profit or loss

43

(17)

Items that may be reclassified subsequently to profit or loss

Reserve movements:

Unrealised losses recognised directly in equity

(3)

(65)

Realised losses transferred to the income statement

4

14

Income tax attributable to the above items

(11)

19

Other comprehensive income after tax

33

(49)

Total comprehensive income for the period

980

735

The notes appearing on pages 8 to 22 form an integral part of these interim financial statements

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

ANZ - Australia & New Zealand Banking Group Ltd. published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2021 22:25:04 UTC.


© Publicnow 2021
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Sales 2021 17 506 M 12 849 M 12 849 M
Net income 2021 6 022 M 4 420 M 4 420 M
Net Debt 2021 - - -
P/E ratio 2021 13,6x
Yield 2021 5,01%
Capitalization 78 332 M 57 546 M 57 496 M
Capi. / Sales 2021 4,47x
Capi. / Sales 2022 4,31x
Nbr of Employees 37 844
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Number of Analysts 13
Last Close Price 27,71 AUD
Average target price 29,92 AUD
Spread / Average Target 7,98%
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Managers and Directors
Shayne Cary Elliott Chief Executive Officer & Executive Director
Shane Buggle Chief Financial Officer
Paul Dominic O'Sullivan Chairman
Gerard Florian Group Executive-Technology
Michael Liarakos Chief Compliance Officer