Regional Performance

Contribution by Region and Major Entities ⁽¹⁾

Half Year to

Year to

Favourable/
(Unfavourable)
Change on Sep 00

Sep 01
$m

Mar 01
$m

Sep 01
$m

Sep 00
$m

excluding
fx impact
%

On-Going Core Operations

Australia - before significant items

1,157

1,130

2,287

1,780

28.5

Banking & Other Financial Services ⁽²⁾

779

774

1,553

1,399

11.0

Wealth Management ⁽³⁾

284

347

631

277

large

Earnings on Excess Capital

100

(6.0)

Australia - significant items, after tax

(132)

large

Great Britain

403

373

776

629

23.4

16.3

Clydesdale and Yorkshire Banks ⁽⁴⁾

426

403

829

707

17.3

5.4

Ireland

106

200

175

14.3

6.3

Northern and National Irish Banks

105

200

174

14.9

7.5

New Zealand

146

136

282

250

12.8

10.8

Bank of New Zealand

176

172

348

311

11.9

13.4

United States

190

160

18.8

2.4

NAB New York

165

141

17.0

1.2

Asia ⁽³⁾

63.3

11.5

Net profit after goodwill from On-Going Core Operations

1,945

1,870

3,815

2,911

31.1

27.1

Non-Core & Disposed Operations

HomeSide

HomeSide - before significant items

131

50.6

18.4

Significant operating items

Impairment loss on mortgage servicing rights (net)

(589)

(734)

(1,323)

large

Significant non-operating items

Change in assumptions

(1,436)

large

Write off of goodwill

(858)

large

Net profit/(loss) from HomeSide

(2,791)

(695)

(3,486)

large

Michigan National

132

243

(45.7)

(53.7)

Net profit on sale of Michigan National

1,681

large

Other Non-Core Operations

(42)

(12)

(54)

large

Net profit from Non-Core and Disposed Operations

(1,152)

(575)

(1,727)

330

large

Net profit

793

1,295

2,088

3,241

(35.6)

(27.6)

Net profit attributable to outside equity interests

large

Net profit attributable to members of the Company

792

1,291

2,083

3,239

(35.7)

(27.7)

⁽¹⁾ The regional, HomeSide US and Michigan National results include a charge for goodwill and the major entity results are before goodwill charges.
⁽²⁾ Comparatives have been restated to reflect the current organisation structure, such that HomeSide Australia activities are now classified within Banking & Other Financial Services (Business & Personal Financial Services, National Shared Services and Other). Comparatives have also been restated to reflect only the ongoing core activities of Banking & Other Financial Services, with the writedown of e-commerce investments and the Vivid net operating loss reclassified as non-core activities.
⁽³⁾ The Wealth Management Asia operations, previously reported as part of Wealth Management Australia, are now incorporated within the Asia results. Comparatives for the half year to March 2001 have been restated.
⁽⁴⁾ Excluding the results of Vivid and the storecard operations of Yorkshire Bank Retail Services, which have been discontinued.

Regional Performance

Share price

NAB

NABHA