Investor Presentaiton
BankWest Financial Overview
2005
2006
2007
Unaudited 6 months
$m
$m
$m
to June 2008
Net interest income
Non interest income
609
716
857
487
213
208
279
176
Net operating income
822
924
1,136
663
Administrative expenses
(509)
(555)
(728)
N/A
Depreciation, amortisation and impairment
(27)
(34)
(40)
N/A
Operating expenses
(536)
(589)
(768)
(458)
Share of profits of associated undertakings
6
3
2
(0)
Impairment losses on loans and advances
(15)
(58)
(88)
(83)
Profit before income tax
277
280
282
122
Income tax expense
(84)
(87)
(78)
N/A
Profit for the period
193
193
204
N/A
NIM
1.79%
1.76%
1.66%
1.61%
Cost/Income
65.2%
63.8%
67.6%
69.1%
Impairment/average loans
0.05%
0.16%
0.19%
0.28%
Source: BankWest financial reports for the years ended 31 December 2005, 2006 and 2007.
21
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