Investor Presentaiton slide image

Investor Presentaiton

GROUP CASH EARNINGS RECONCILIATION TO STATUTORY NET PROFIT • NAB uses cash earnings (rather than statutory net profit attributable to owners of NAB) for its internal management reporting purposes and considers it a better reflection of the Group's underlying performance. Accordingly, information is presented on a cash earnings basis unless otherwise stated. . Cash earnings is not a statutory financial measure and is not presented in accordance with Australian Accounting Standards nor audited or reviewed in accordance with Australian Auditing Standards. Cash earnings is calculated by excluding discontinued operations and certain other items which are included within the statutory net profit attributable to owners of NAB. These non-cash earning items, and a reconciliation to statutory net profit attributable to owners of NAB, are presented in the table below. • The definition of cash earnings is set out on page 2 of the 2021 Half Year Results Announcement, and a discussion of non-cash earnings items and a full reconciliation of the cash earnings to statutory net profit attributable to owners of NAB is set out on pages 91 - 93 of the 2021 Half Year Results Announcement. The Group's financial statements, prepared in accordance with the Corporations Act 2001 (Cth) and Australian Accounting Standards, and reviewed by the auditors in accordance with Australian Auditing Standards, are set out in the 2021 Half Year Results Announcement. 1H21 ($m) 1H21 v 2H20 1H21 v 1H20 3,343 67.7% 94.8% Cash earnings Non-cash earnings items (after tax) Distributions Fair value and hedge ineffectiveness Net profit from continuing operations 13 (23.5%) (40.9%) (126) Large Large 3,230 65% Large Net loss attributable to owners of NAB from discontinued operations (22) (96.9%) (90.4%) Statutory net profit attributable to owners of NAB 3,208 Large Large 114 National Australia Bank
View entire presentation