Financial Performance
Income Statement
2008/2009 full year results
For the year ended 30 September 2009
|
Consolidated |
| Dollars in Millions |
30/9/09
|
30/9/08
|
|
| Interest income |
4,074 |
5,224 |
| Interest expense |
2,723 |
3,896 |
|
|
| Net interest income |
1,351 |
1,328 |
| Gains less losses on financial instruments at fair value |
(96) |
215 |
| Other operating income |
397 |
440 |
|
|
| Total operating income |
1,652 |
1,983 |
| Operating expenses |
777 |
786 |
|
|
|
Total operating profit before impairment losses on credit exposures
and income tax expense
|
875 |
1,197 |
| Impairment losses on credit exposures |
190 |
71 |
|
|
| Total operating profit before income tax expense |
685 |
1,126 |
| Income tax expense on operating profit |
205 |
341 |
| Income tax expense on New Zealand structured finance transactions |
416 |
- |
| Income tax expense interest costs on New Zealand structured finance transactions |
245 |
- |
|
|
| Total income tax expense |
866 |
341 |
|
|
| Net profit/(loss) attributable to shareholders of Bank of New Zealand |
(181) |
785 |
|
|
|