Consolidated Profit and Loss

	Three months to			%	%
	December 1996 A$M	September 1996 A$M	December 1995 A$M	Change Sept 96 to Dec 96	Change Dec 95 to Dec 96
Operating revenue	3,976	3,837	3,655	3.6	8.8
Interest income	3,163	3,069	2,973	3.1	6.4
Interest expense	1,847	1,784	1,722	3.5	7.3
Net interest income	1,316	1,285	1,251	2.4	5.2
Charge to provide for doubtful debts	39	69	58	(43.5)	(32.8)
Net interest income after provision for doubtful debts	1,277	1,216	1,193	5.0	7.0
Other operating income	813	768	682	5.9	19.2
Total operating income	2,090	1,984	1,875	5.3	11.5
Other operating expenses	1,169	1,211	1,093	(3.5)	7.0
Operating profit before tax	921	773	782	19.1	17.8
Income tax expense attributable to operating profit	339	174	268	94.8	26.5
Operating profit after income tax	582	599	514	(2.8)	13.2
Outside equity interests in operating profit after income tax	-	-	1	-	large
Operating profit after income tax attributable to members of the Company	582	599	513	(2.8)	13.5
Basic earnings per share	39.4c	40.6c	35.9c	(3.0)	9.7