|
The Group's result was broadly based across all regions with good growth compared to March 2000 in Great Britain, Ireland and New Zealand.
The strong results in the Australian operations were due largely to the first full period contribution of the MLC Group.
| Contribution by Region and Major Entities (1)(2) |
Half Year to |
Favourable / (Unfavourable) Change from |
| |
Mar 01
$m |
Sept 00
$m |
Mar 00
$m |
Sept 00
% |
Mar 00
% |
March 00 excluding fx impact
% |
| |
|
|
|
|
|
|
| Continuing Operations |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Australia |
1,119 |
979 |
801 |
14.3 |
39.7 |
39.7 |
| Banking and Other Financial Services |
767 |
717 |
691 |
7.0 |
11.0 |
11.0 |
| Wealth Management |
336 |
224 |
56 |
50.0 |
large |
large |
| Earnings on Excess Capital |
16 |
43 |
57 |
(62.7) |
(71.9) |
(71.9) |
| |
|
|
|
|
|
|
| Great Britain |
361 |
327 |
303 |
10.4 |
19.1 |
10.2 |
| Clydesdale and Yorkshire (3) Banks |
403 |
372 |
335 |
8.3 |
20.3 |
10.7 |
| |
|
|
|
|
|
|
| Ireland |
106 |
84 |
90 |
26.2 |
17.8 |
10.0 |
| Northern and National Irish Banks |
105 |
84 |
90 |
25.0 |
16.7 |
8.6 |
| |
|
|
|
|
|
|
| New Zealand |
136 |
151 |
100 |
(9.9) |
36.0 |
36.0 |
| Bank of New Zealand |
172 |
183 |
128 |
(6.0) |
34.4 |
32.8 |
| |
|
|
|
|
|
|
| United States |
133 |
106 |
140 |
25.5 |
(5.0) |
(23.5) |
| HomeSide |
65 |
55 |
86 |
18.2 |
(24.4) |
(47.1) |
| NAB New York |
83 |
70 |
71 |
18.6 |
16.9 |
(2.2) |
| |
|
|
|
|
|
|
| Asia |
42 |
37 |
16 |
13.5 |
large |
large |
| |
|
|
|
|
|
|
 |
| Operating profit after tax from Continuing Operations |
1,897 |
1,684 |
1,450 |
12.6 |
30.8 |
26.5 |
|
| |
|
|
|
|
|
|
| Discontinuing Operations |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Michigan National Corporation |
132 |
120 |
123 |
10.0 |
7.3 |
(13.5) |
| |
|
|
|
|
|
|
|
| Operating Profit after tax (1) |
2,029 |
1,804 |
1,573 |
12.5 |
29.0 |
23.4 |
|
| |
|
|
|
|
|
|
| Net profit attributable to outside equity interests |
4 |
2 |
- |
large |
large |
large |
| |
|
|
|
|
|
|
|
| Net profit attributable to members of the parent entity (1) |
2,025 |
1,802 |
1,573 |
12.4 |
28.7 |
23.1 |
|
(1) The results have been presented before abnormal items. There were no abnormal items in the current period. In the September 2000 half year, abnormal items of $136 million after tax loss were recorded.
(2) The regional and Michigan National Corporation results include a charge for goodwill and the major entity results are before goodwill charges.
(3) Excluding the results of Vivid and the storecard operations of Yorkshire Bank Retail Services, which have been discontinued.
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