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.
Attachments
- Original document
- Permalink
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.