Australia and New Zealand Banking : ANZ NZ Branch DS 31 March 2021

10 May 2021

Market Announcements Office

ASX Limited

Level 4

20 Bridge Street

SYDNEY NSW 2000

Australia and New Zealand Banking Group Limited - ANZ New Zealand Branch

Registered Bank Disclosure Statement

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

It has been approved for distribution by ANZ's Board of Directors.

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

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ANZ NEW ZEALAND REGISTERED BANK DISCLOSURE STATEMENT

FOR THE SIX MONTHS ENDED 31 MARCH 2021

NUMBER 44 | 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' and New Zealand Chief Executive Officer's Statement	34
Independent Auditor's Review Report	35

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 means the Bank and all its controlled entities.

Immediate Parent Company means ANZ Funds Pty Limited, which is the immediate parent company of 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, We or Our means the New Zealand business of the Overseas Banking Group.

Registered Office is Level 10, 171 Featherston Street, Wellington, New Zealand, which is also ANZ New Zealand'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 (Overseas 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.

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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

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	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ANZ NEW ZEALAND			UNAUDITED
	INTERIM FINANCIAL STATEMENTS
	INCOME STATEMENT
			2021	2020
	For the six months ended 31 March	Note	NZ$m	NZ$m
	Interest income		2,338	3,006
	Interest expense		(677)	(1,358)
	Net interest income		1,661	1,648
	Other operating income	2	327	507
	Operating income		1,988	2,155
	Operating expenses	3	(772)	(836)
	Profit before credit impairment and income tax		1,216	1,319
	Credit impairment release / (charge)	6	70	(232)
	Profit before income tax		1,286	1,087
	Income tax expense		(356)	(298)
	Profit for the period		930	789

STATEMENT OF COMPREHENSIVE INCOME

	2021	2020
For the six months ended 31 March	NZ$m	NZ$m
Profit for the period	930	789
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	963	740

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

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