Template Release for Full Year 2018 Results

Australia and New Zealand Banking Group Limited ABN 11 005 357 522

News Release
For release: 26 October 2018

Template Release for Full Year 2018 Results

ANZ will announce its Full Year 2018 Financial Results on Wednesday 31 October. In
advance of that announcement, the Group is releasing two templates to assist market
participants preparing to analyse the Group’s financial performance.

Large/Notable items within continuing operations

Consistent with Group practice, ANZ will disclose a summary of large and notable items,
which are included within the cash profit of its continuing operations.

The large/notable items for FY18 relate to:

 The impact of announced divestments on continuing operations, including any gains
or losses on sale, and the underlying business results of completed divestments. The
total net gain on sale for divestments in FY18 was $191 million (after tax) including a
total net gain in 2H18 of $53 million (after tax).

 Items outlined in the Group’s ASX Announcement of 8 October including charges
taken in 2H18 related to restructuring, customer remediation, Royal Commission
legal costs and accelerated software amortisation.


The materials lodged today with the ASX, including supporting templates are all
available on shareholder.anz.com

For media enquiries contact:

Stephen Ries, +61 409 655 551

For investor enquiries contact:

Jill Campbell, +61 412 047 448
Cameron Davis, +61 421 613 819

Large/Notable items - continuing operations
Within continuing cash profit, the Group has recognised some large/notable items. These items are shown in the tables below.
September 2018 Full YearSeptember 2017 Full Year
1
Large/notable items included in continuing cash profitLarge/notable items included in continuing cash profit
Gain/(Loss)
on sale from
divestments
$M
Divested
business
results
2
$M
Customer
remediation
$M
Accelerated
software
amortisation
$M
Royal
Commission
legal costs
$M
Restructuring
$M
Total
$M
Gain/(Loss)
on sale from
divestments
$M
Divested
business
results
2
$M
Customer
remediation
$M
Restructuring
$M
Gain on sale
of 100 Queen
St, Melbourne
$M
Total
$M
Cash Profit
Net interest income-53(105)---(52)-442(36)--406
Other operating income29848(123)---223(310)321(34)-11491
Operating income298101(228)---171(310)763(70)-114497
Operating expenses(10)(35)(191)(251)(55)(227)(769)-(217)(83)(62)-(362)
Profit before credit impairment and
income tax
28866(419)(251)(55)(227)(598)(310)546(153)(62)114135
Credit impairment charge-(26)----(26)-(124)---(124)
28840(419)(251)(55)(227)(624)(310)422(153)(62)11411
Profit before income tax
Income tax
benefit/(expense) and
non-controlling interests
(97)(6)12445176815140(63)4119(2)35
Cash profit from continuing
operations
19134(295)(206)(38)(159)(473)(270)359(112)(43)11246
September 2018 Half YearMarch 2018 Half Year
Large/notable items included in continuing cash profitLarge/notable items included in continuing cash profit
Gain/(Loss)
on sale from
divestments
$M
Divested
business
results
2
$M
Customer
remediation
$M
Accelerated
software
amortisation
$M
Royal
Commission
legal costs
$M
Restructuring
$M
Total
$M
Gain/(Loss)
on sale from
divestments
$M
Divested
business
results
2
$M
Customer
remediation
$M
Royal
Commission
legal costs
$M
Restructuring
$M
Total
$M
Cash Profit
Net interest income--(86)---(86)-53(19)--34
Other operating income6010(110)---(40)23838(13)--263
Operating income6010(196)---(126)23891(32)--297
Operating expenses(10)-(156)(251)(39)(149)(605)-(35)(35)(16)(78)(164)
Profit before credit impairment and
income tax
5010(352)(251)(39)(149)(731)23856(67)(16)(78)133
Credit impairment charge--------(26)---(26)
5010(352)(251)(39)(149)(731)23830(67)(16)(78)107
Profit before income tax
Income tax benefit/(expense) and
non-controlling interests
3-102451245207(100)(6)22523(56)
Cash profit from continuing
operations
5310(250)(206)(27)(104)(524)13824(45)(11)(55)51
1.Where applicable, comparative information has been restated for Large/notable items included in the 2018 full year. Derivative valuation adjustments for the September 2018 full year are not considered to be a large/notable item and the September 2017 full year large/notable items have been
restated accordingly.
2.Relates to business results for completed divestments.

Gain/(Loss) on sale from divestmentsCompleted divestment business results
Half YearFull YearHalf YearFull Year
Cash Profit Impact
Sep 18
$M
Mar 18
1
$M
Sep 18
1
$M
Sep 17
$M
Sep 18
$M
Mar 18
$M
Sep 18
$M
Sep 17
$M
-9999(310)-3030325
-22----58
(7)1811-----
121119240-10-1039
(42)-(42)-----
(3)-(3)-----
Asia Retail and Wealth businesses (Asia Retail)
Shanghai Rural Commercial Bank (SRCB)
UDC Finance (UDC)
Metrobank Card Corporation (MCC)
ANZ Royal Bank (Cambodia) Ltd (Cambodia JV)
OnePath Life NZ Ltd (OPL NZ)
PNG Retail, Commercial and SME
(19)-(19)-----
Profit/(Loss) before income tax50238288(310)103040422
Income tax benefit/(expense) and non-controlling interests3(100)(97)40-(6)(6)(63)
Cash profit/(loss) from continuing operations53138191(270)102434359
1.The table presents the pre-tax cash profit
impacts of each divestment. Gain/(Loss) on sale on p
age 19 of the 2018 First Half Results Presentation and Discussion pack were presented on a
post-tax basis (Asia Retail $85 million gain, SRCB $
86 million loss, MCC $121 million gain, UDC $18 million gain).