ASB Bank Limited
Consolidated Performance in Brief

										Previous			Previous
	NZ IFRS			NZ IFRS			NZ IFRS			NZ GAAP			NZ GAAP
For the year ended 30 June	2007			2006			2005			2004			2003
INCOME STATEMENT ($ MILLIONS)
Interest Income		3,816			3,210			2,682			2,099			1,899
Interest Expense		2,926			2,406			1,906			1,411			1,282
Net Interest Earnings		890			804			776			688			617
Other Income		420			344			268			249			234
Total Operating Income		1,310			1,148			1,044			937			851
Impairment Losses on Advances		18			19			16			21			25
Total Operating Income after Impairment Losses		1,292			1,129			1,028			916			826
Total Operating Expenses		533			495			470			446			407
Net Profit before Taxation		759			634			558			470			419
Taxation		227			194			179			153			141
Net Profit after Taxation *		532			440			379			317			278
BALANCE SHEET ($ MILLIONS)
Total Assets		52,893			44,568			38,796			33,048			27,538
Advances (includes Money Market Advances and Advances to Customers before Collective Provision for Impairment)		45,204			39,034			34,978			28,789			22,297
Collective Provision		84			79			123			108			89
Specific Provisions		7			1			9			9			10
Total Liabilities		49,773			41,879			36,527			31,452			26,228
Deposits (includes Money Market Deposits, Deposits from Customers and Amounts Due to Other Banks)		47,792			41,066			36,050			30,832			25,621
SHAREHOLDER’S EQUITY ($ MILLIONS)
Shareholder’s Equity at End of Year		3,120			2,689			2,269			1,596			1,310
Dividends: Ordinary		825			860			43			25			195
Perpetual Preference		31			30			16			10			6
PERFORMANCE
Return on Ordinary Shareholder’s Equity *		21.3	%		21.3	%		23.3	%		24.5	%		25.4	%
Return on Total Average Assets		1.1	%		1.1	%		1.1	%		1.1	%		1.1	%
Net Interest Margin as % of Total Average Assets		1.8	%		1.9	%		2.2	%		2.3	%		2.4	%
Total Operating Expenses as % of Total Operating Income *		40.7	%		43.1	%		45.0	%		47.7	%		47.9	%
Growth in Total Assets		18.7	%		14.9	%		17.4	%		20.0	%		13.6	%
PRUDENTIAL
Shareholder’s Equity as a Percentage of Total Assets		5.9	%		6.0	%		5.8	%		4.8	%		4.8	%
Tier One Capital as a Percentage of Total Risk Weighted Exposures		9.0	%		9.8	%		9.6	%		8.2	%		8.1	%
Total Capital as a Percentage of Total Risk Weighted Exposures		10.5	%		10.6	%		10.2	%		10.2	%		10.3	%

* Includes $52m in post tax accounting gains arising from the application of NZ IAS 39 Financial Instruments: Recognition and Measurement. ASB’s financial result media statement focuses on operational performance and exculdes this $52m.