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Investor Presentaiton

A strong, all round performance in FY13 (NZ$m) 1 Assets FY11 FY122 FY13 Variance ($) Variance (%) Other assets Total assets Net loans 51,250 59,422 61,585 2,163 4% Funded Liquids 6,693 6,651 6,270 (381) (6%) Due from related entities 1,565 1,575 1,424 (151) (10%) 1,148 1,174 1,233 59 5% 60,656 68,822 70,512 1,690 2% Liabilities 4 Customer deposits 33,330 41,967 46,648 4,681 11% Wholesale funding 19,186 14,337 13,179 (1,158) (8%) Intra-company borrowings 970 4,070 2,100 (1,970) (48%) Other due to related entities 1,806 1,579 1,097 (482) (31%) Other liabilities 868 1,073 922 (151) (14%) Total liabilities 56,160 63,026 63,946 920 1% : 12 1. Source: WNZL Disclosure Statements 2. FY12 includes 11 months of the institutional business which vested on 1 November 2011. FY11 excludes the institutional business. 3. Funded Liquids exclude inter entity cash balance between WNZL and NZ Branch, which is included in Due from related entities ($467m) 4. Excluding Registered Certificates of Deposit which are included in wholesale funding W
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