Template Release – Adoption of AASB 9 and AASB 15

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

ASX Release
For release: 24 April 2019

Template Release - Adoption of Accounting
Standards AASB 9 and AASB 15

ANZ will announce its Half Year 2019 Financial Results on Wednesday 1 May. In advance of
that announcement, the Group is releasing a template to assist market participants
preparing to analyse the Group’s financial performance.
ACCOUNTING STANDARDS ADOPTED
During the half, ANZ adopted two new Accounting Standards - AASB 9 Financial Instruments
(AASB 9) and AASB 15 Revenue from Contracts with Customers (AASB 15):
 AASB 9 – As discussed in the FY18 results, the Group implemented an expected credit
loss methodology for impairment of financial assets, and revised the classification and
measurement of certain financial assets from 1 October 2018. Consequently, the
Group increased its provision for credit impairment by $813 million through opening
retained earnings. Comparative information has not been restated.
 AASB 15 - the primary impact of adoption is that certain items previously netted are
now presented gross in operating income and operating expenses. Comparative
information for the prior Financial Year has been restated to assist with comparisons.
The impact was an increase to total operating income for the 2H18 of $91 million
(1H18: $62 million) and a commensurate increase in total operating expenses.
Presentation of Divisional Results
The presentation of divisional results is impacted by several minor methodology and structural
changes during the period. Prior period comparatives have been restated and these will be
provided on 1 May 2019.

The materials lodged today with the ASX, including template 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

AASB 15
Revenue from Contracts with Customers
(AASB 15)
Statutory Profit Results
Full Year
Full Year
Sep 18

$M
Mar 18

$M
Sep 18

$M
Sep 18

$M
Mar 18

$M
Sep 18

$M
Net interest income
7,164
7,350
14,514
7,164
7,350
14,514
Other operating income
2,492
2,825
5,317
2,583
2,887
5,470
Operating income
9,656
10,175
19,831
9,747
10,237
19,984
Operating expenses
(4,837)
(4,411)
(9,248)
(4,928)
(4,473)
(9,401)
Profit before credit impairment and income tax
4,819
5,764
10,583
4,819
5,764
10,583
Credit impairment charge
(280)
(408)
(688)
(280)
(408)
(688)
Profit before income tax
4,539
5,356
9,895
4,539
5,356
9,895
Income tax expense
(1,358)
(1,426)
(2,784)
(1,358)
(1,426)
(2,784)
Non-controlling interests
(9)
(7)
(16)
(9)
(7)
(16)
Profit attributable to shareholders of the Company from continu
ing operations
3,172
3,923
7,095
3,172
3,923
7,095
Profit/(Loss) from discontinued operations
(95)
(600)
(695)
(95)
(600)
(695)
Profit attributable to shareholders of the Company
3,077
3,323
6,400
3,077
3,323
6,400
Cash Profit Results
Full Year
Full Year
Sep 18

$M
Mar 18

$M
Sep 18

$M
Sep 18

$M
Mar 18

$M
Sep 18

$M
Net interest income
7,164
7,350
14,514
7,164
7,350
14,514
Other operating income
2,242
2,458
4,700
2,333
2,520
4,853
Operating income
9,406
9,808
19,214
9,497
9,870
19,367
Operating expenses
(4,837)
(4,411)
(9,248)
(4,928)
(4,473)
(9,401)
Profit before credit impairment and income tax
4,569
5,397
9,966
4,569
5,397
9,966
Credit impairment charge
(280)
(408)
(688)
(280)
(408)
(688)
Profit before income tax
4,289
4,989
9,278
4,289
4,989
9,278
Income tax expense
(1,286)
(1,489)
(2,775)
(1,286)
(1,489)
(2,775)
Non-controlling interests
(9)
(7)
(16)
(9)
(7)
(16)
Cash profit from continuing operations
2,994
3,493
6,487
2,994
3,493
6,487
Cash profit/(loss) from discontinued operations
(65)
(617)
(682)
(65)
(617)
(682)
Cash profit
2,929
2,876
5,805
2,929
2,876
5,805
Half Year
Half Year
The main impact of adopting AASB 15 is that certain items previ
ously netted are now presented gross in operating income and op
erating expenses. Comparative information has been restated whi
ch
increased total operating income for the September 2018 half by
$91 million (March 2018 half: $62 million) and increased total
operating expenses by the same amount.
As reported
Restated for IFRS 15
Half Year
Half Year
As reported
Restated for IFRS 15