Reporting Format

To assist with the interpretation of the Group's results, earnings have been reported under the following structure:

Ongoing core operations

• Retail Banking, which comprises:
  • Financial Services Australia
  • Financial Services Europe
  • Financial Services New Zealand
  • Other (including Corporate Centre);
• Wholesale Financial Services;
• Wealth Management; and
• Excess Capital & Group Funding.

Non-core and disposed operations

• HomeSide US - reflecting the Board's 2001 decision to seek a buyer for this business and the resulting sale of HomeSide US's operating platform and all of its operating assets to Washington Mutual Bank, FA as at 1 March 2002;
• Michigan National - sold by the Group on 1 April 2001; and
• Other non-core operations - incorporating writedowns of e-commerce investments and closure of the Vivid business in Great Britain in April 2001.