Financial Highlights
 | Profitability Operating profit after tax and before abnormal items increased 19.8 per cent International activities contributed $1.598 billion profit after tax and before abnormal items Other operating income increased 43.0 per cent and represents 50.6 per cent of total income Cost to income ratio improved to 51.2 per cent (excluding the impact of MLC and the effect of the change in accounting for life insurance businesses) |
 | Earnings (1) Earnings per share climbed 13.2 per cent to 211.3 cents Cash earnings per share (before goodwill amortisation) were 224.4 cents EVA (2) increased 6.3 per cent Return on equity was 18.1 per cent Return on average tangible assets was 1.2 per cent Dividends per share increased 9.8 per cent (1) All calculations are based on earnings before abnormal items. |
| National credit ratings | ||
| Short term | Long term | |
| Standard & Poor's | A1+ | AA |
| Fitch | F1+ | AA |
| Moody's Investor Services | P-1 | Aa3 |
| Growth and diversification Acquisition of MLC for $4.648 billion Underlying growth of 30.6 per cent in total assets in local currency terms Movements in exchange rates increased total assets by $12 billion Gross loans and advances increased 14.2 per cent in local currency terms Funds under management and administration (including MLC) moved up $40 billion to $61 billion Assets under custody and administration was up 58.3 per cent to $285 billion |  |
| Wealth index Total shareholder returns have increased on average by 23.0 per cent a year over the past 10 years The wealth index measures shareholders' total accumulated value including share price appreciation and dividends The chart shows that $1,000 invested in National Australia Bank 10 years ago would now be worth more than $7,900 (assuming dividend reinvestment) |  |