Investor Presentaiton
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Pro forma statement of net assets
Pro Forma
BOQ
$mil
28 Feb 14
Equity
Raising (1)
BOQ
28 Feb 14
IBAL (2)
28 Feb 14
Acquisition
Adjustments (3)
Transaction
Pro Forma
Consolidated
Costs (4)
28 Feb 14
Assets
Cash and equivalents
803
394
1,197
1,611
(210)
(6)
2,592
Other financial assets
5,755
5,755
5,755
Loans and advances
35,013
35,013
2,336
5
37,354
Other assets
256
256
5
4
2
267
Intangibles
Total assets
602
602
210
812
42,429
394
42,823
3,951
10
(4)
46,780
Liabilities
Deposits
31,968
31,968
2,777
10
34,755
Debt
6,949
6,949
1,153
8,102
Other liabilities
631
631
21
652
Total liabilities
39,548
39,548
3,951
10
43,509
Net assets
2,881
394
3,275
(4)
3,271
Capital ratios
CET 1 ratio
Tier 1 ratio
Total capital ratio
8.84%
10.22%
12.41%
10.65%
12.03%
14.21%
8.58%
9.80%
12.15%
Note: BOQ has relied on limited unaudited financial information provided by Investec Bank (Australia) Limited (IBAL) in preparing this pro forma statement of net assets
and capital ratios. BOQ is unable to verify the accuracy or completeness of all that information. This statement of net assets is based on the proposed transaction
structure which is subject to regulatory approval. Please see the "Acquisition Risks" in the "Key Risks" Section of this Presentation for more details.
1 Net of equity raising costs of $5.6m (after tax).
2 All IBAL loans assumed to be risk weighted at 100% and other risk weighted assets are presumed to be in line with BOQ's existing profile.
3 Acquisition adjustments include premium to book value paid to vendor ($210m), fair value adjustments to loan assets net of provisions ($5m), fair value adjustments
to deposit liabilities ($10m) and associated tax adjustments ($4m).
4 Transaction costs include M&A costs, insurance costs and associated tax adjustments.
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