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
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