Average Balance Sheet and Related Interest

The following tables set forth the major categories of interest earning assets and interest bearing liabilities, together with their respective interest rates earned or paid by the Group. Averages are predominantly daily averages. Interest income figures include interest income on non-accruing loans to the extent cash payments have been received. Amounts classified as Other International represent interest earning assets or interest bearing liabilities of the controlled entities and overseas branches excluding Great Britain, HomeSide US and Michigan.

Average Assets and Interest Income		Year ended Sep 01			Year ended Sep 00

		Average Balance $m	Interest $m	Average rate %	Average Balance $m	Interest $m	Average rate %
Interest earning assets
Due from other financial institutions
	Australia	1,980	110	5.56	1,490	79	5.30
	Great Britain	3,879	194	5.00	2,537	192	7.57
	Other International	9,453	491	5.19	7,282	420	5.77
Regulatory deposits
	Great Britain	40	-	-	34	-	-
	Other International	91	3	3.30	75	2	2.67
Marketable debt securities
	Australia	11,813	624	5.28	12,182	638	5.24
	Great Britain	9,410	534	5.67	4,858	254	5.23
	Michigan	1,813	126	6.95	2,611	175	6.70
	Other International	10,838	576	5.31	6,635	398	6.00
Loans and advances⁽¹⁾
	Australia	101,941	7,525	7.38	91,120	6,797	7.46
	Great Britain	49,216	3,792	7.70	39,033	3,163	8.10
	HomeSide US	25	190	760.00	21	130	619.05
	Michigan	8,120	668	8.23	13,713	1,103	8.04
	Other International	41,959	3,084	7.35	35,276	2,661	7.54
Other interest earning assets ⁽²⁾
	Australia	13	1,570	n/a	14	1,123	n/a
	Great Britain	22	-	n/a	-	-	n/a
	HomeSide US	2,990	387	n/a	2,239	321	n/a
	Michigan	34	4	n/a	163	20	n/a
	Other International	2,966	41	n/a	1,704	41	n/a
Intragroup loans ⁽³⁾
	Great Britain	1,765	105	5.95	1,220	104	8.52
	Other International	8,483	350	4.13	3,179	169	5.32

Average interest earning assets and
interest income incl intragroup loans by:
	*Australia*	115,747	9,829	8.49	104,806	8,637	8.24
	*Great Britain*	64,332	4,625	7.19	47,682	3,713	7.79
	*HomeSide US*	3,015	577	19.14	2,260	451	19.96
	*Michigan*	9,967	798	8.01	16,487	1,298	7.87
	*Other International*	73,790	4,545	6.16	54,151	3,691	6.82

Total average interest earning assets and interest income incl intragroup loans		266,851	20,374	7.63	225,386	17,790	7.89

Average Assets and Interest Income		Year ended Sep 01			Year ended Sep 00
		Average Balance $m	Interest $m	Average rate %	Average Balance $m	Interest $m	Average rate %

Intragroup loans eliminations		(10,248)	(455)	4.44	(4,399)	(273)	6.21

Total average interest earning assets by:
	*Australia*	115,747	9,829	8.49	104,806	8,637	8.24
	*Great Britain*	62,567	4,520	7.22	46,462	3,609	7.77
	*HomeSide US*	3,015	577	19.14	2,260	451	19.96
	*Michigan*	9,967	798	8.01	16,487	1,298	7.87
	*Other International*	65,307	4,195	6.42	50,972	3,522	6.91

Total average interest earning assets		256,603	19,919	7.76	220,987	17,517	7.93



Non-interest earning assets
Investments relating to life insurance business ⁽⁴⁾
	Australia	30,642			7,329
	Great Britain	572			609
	Other International	19			18
Acceptances
	Australia	22,405			22,349
	Great Britain	406			632
	Other International	598			533
Fixed assets
	Australia	1,173			845
	Great Britain	560			562
	HomeSide US	92			99
	Michigan	98			165
	Other International	416			385
Other assets
	Australia	19,422			15,811
	Great Britain	5,230			3,691
	HomeSide US	11,206			8,421
	Michigan	1,050			1,894
	Other International	7,111			3,527

Total average non-interest earning assets by:
	*Australia*	73,642			46,334
	*Great Britain*	6,768			5,494
	*HomeSide US*	11,298			8,520
	*Michigan*	1,148			2,059
	*Other International*	8,144			4,463

Total average non-interest earning assets		101,000			66,870


Provision for doubtful debts
	Australia	(1,348)			(1,246)
	Great Britain	(703)			(609)
	HomeSide US	(32)			(57)
	Michigan	(165)			(291)
	Other International	(367)			(347)

Total average assets by:
	*Australia*	188,041			149,894
	*Great Britain*	68,632			51,347
	*HomeSide US*	14,281			10,723
	*Michigan*	10,950			18,255
	*Other International*	73,084			55,088

Total average assets		354,988			285,307



Percentage of total average assets applicable to international operations		47.0%			47.5%

Average Liabilities and Interest Expense		Year ended Sep 01			Year ended Sep 00
		Average Balance $m	Interest $m	Average rate %	Average Balance $m	Interest $m	Average rate %
Interest bearing liabilities
Time deposits
	Australia	33,709	1,856	5.51	33,321	1,761	5.28
	Great Britain	25,837	1,437	5.56	19,776	1,139	5.76
	Michigan	2,907	191	6.57	4,711	284	6.03
	Other International	29,106	1,434	4.93	21,469	1,131	5.27
Savings deposits
	Australia	5,584	290	5.19	5,919	300	5.07
	Great Britain	9,445	339	3.59	8,785	353	4.02
	Michigan	2,622	120	4.58	4,508	183	4.06
	Other International	5,350	183	3.42	4,593	159	3.46
Other demand deposits
	Australia	30,796	1,050	3.41	27,703	839	3.03
	Great Britain	10,732	307	2.86	8,323	233	2.80
	Michigan	456	7	1.54	824	11	1.33
	Other International	4,508	145	3.22	3,948	157	3.98
Government and Official Institutions
	Australia	750	36	4.80	788	37	4.70
	Michigan	407	25	6.14	821	47	5.72
	Other International	1,767	93	5.26	725	43	5.93
Due to other financial institutions
	Australia	4,178	203	4.86	3,350	170	5.07
	Great Britain	9,168	499	5.44	5,693	305	5.36
	Michigan	1,263	79	6.25	1,581	95	6.01
	Other International	23,207	1,126	4.85	14,757	852	5.77
Short-term borrowings
	HomeSide US	3,084	280	9.08	2,595	218	8.40
	Other International	4,300	243	5.65	4,559	282	6.19
Long-term borrowings
	Australia	18,515	1,158	6.25	13,404	844	6.30
	Great Britain	1,357	6	0.44	148	31	20.95
	HomeSide	3,789	211	5.57	2,284	146	6.39
	Michigan	57	4	7.02	28	-	-
	Other International	209	30	14.35	195	32	16.41
Other interest bearing liabilities⁽⁴⁾
	Australia	4,358	1,365	n/a	4,460	1,271	n/a
	Great Britain	10	-	n/a	8	-	n/a
	Michigan	52	22	n/a	140	26	n/a
	Other International	(353)	28	n/a	3	31	n/a
Loan Capital
	Australia	673	42	6.24	456	36	7.89
	Great Britain	1,220	150	12.30	1,283	130	10.13
Intragroup loans
	Australia	10,248	455	4.44	4,399	273	6.21

Average interest bearing liabilities and interest expense incl intragroup loans by:
	*Australia*	108,811	6,455	5.93	93,800	5,531	5.90
	*Great Britain*	57,769	2,738	4.74	44,016	2,191	4.98
	*HomeSide US*	6,873	491	7.14	4,879	364	7.46
	*Michigan*	7,764	448	5.77	12,613	646	5.12
	*Other International*	68,094	3,282	4.82	50,249	2,687	5.35

Total average interest bearing liabilities and interest expense incl intragroup loans		249,311	13,414	5.38	205,557	11,419	5.56

Average Liabilites and Interest Expense		Year ended Sep 01			Year ended Sep 00
		Average Balance $m	Interest $m	Average rate %	Average Balance $m	Interest $m	Average rate %

Intragroup loans eliminations		(10,248)	(455)	4.44	(4,399)	(273)	6.21

Total average interest bearing liabilities and interest expense by:
	*Australia*	98,563	6,000	6.09	89,401	5,258	5.88
	*Great Britain*	57,769	2,738	4.74	44,016	2,191	4.98
	*HomeSide US*	6,873	491	7.14	4,879	364	7.46
	*Michigan*	7,764	448	5.77	12,613	646	5.12
	*Other International*	68,094	3,282	4.82	50,249	2,687	5.35

Total average interest bearing liabilities and interest expense		239,063	12,959	5.42	201,158	11,146	5.54



Non-interest bearing liabilities
Deposits not bearing interest
	Australia	4,287			4,264
	Great Britain	3,161			2,755
	Michigan	1,422			2,576
	Other International	3,577			2,826
Liability on acceptances
	Australia	22,405			22,349
	Great Britain	406			632
	Michigan	1			1
	Other International	597			532
Life insurance policy liabilities ⁽⁴⁾
	Australia	29,550			11,413
	Great Britain	509			544
	Other International