Example page. Performance Rankings. Performance Rankings FIPS FIPS Performance Rankings

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1 28 FIPS Performance Rankings Performance Rankings Ranking of New Zealand Total Assets Increase in Total Assets Capital Adequacy Ratio Net Profit After Tax Incorporated Banks (a), (b) $Million % % $Million 1 ANZ National Bank 114,623 Kiwibank Bank of Baroda ASB Bank 425 (New Zealand) 2 Bank of New Zealand 69,847 TSB Bank TSB Bank ANZ National Bank ASB Bank 65,182 Rabobank New Zealand Rabobank New Zealand Westpac New Zealand Westpac New Zealand 54,032 ASB Bank 9.83 ANZ National Bank Kiwibank 64 5 Kiwibank 10,366 Bank of New Zealand 8.81 Southland Building Society TSB Bank 43 6 Rabobank New Zealand 6,936 Southland Building Society 4.74 ASB Bank Southland Building Society 12 7 TSB Bank 3,832 Westpac New Zealand 4.27 Westpac New Zealand Rabobank New Zealand 8 8 Southland Building Society 2,540 ANZ National Bank Bank of New Zealand Bank of Baroda -2 (New Zealand) 3 ANZ Banking Group 9,152 Rabobank Nederland Rabobank Nederland ANZ Banking Group 28 New Zealand Group UFJ, Auckland UFJ, Auckland 4 Rabobank Nederland 6,398 Kookmin Bank Auckland 1.15 Kookmin Bank Auckland Citibank, N.A. New Zealand 21 Banking Corporation, UFJ, Auckland 5 The Hongkong and Shanghai 4,750 Westpac Banking Corporation Deutsche Bank AG, Rabobank Nederland 14 Banking Corporation, New Zealand Group New Zealand Group 6 Citibank, N.A. New Zealand 3,501 Citibank, N.A. New Zealand ANZ Banking Group Kookmin Bank Auckland 7 7 Deutsche Bank AG, 3,099 Commonwealth Bank of JPMorgan Chase Bank, N.A Commonwealth Bank of 7 New Zealand Group Australia New Zealand Australia New Zealand UFJ, Auckland New Zealand Group 8 The Bank of Tokyo-Mitsubishi 1,138 Deutsche Bank AG, The Bank of Tokyo-Mitsubishi The Bank of Tokyo-Mitsubishi 6 UFJ, Auckland New Zealand Group UFJ, Auckland UFJ, Auckland 9 Kookmin Bank Auckland 432 The Hongkong and Shanghai Westpac Banking Corporation JPMorgan Chase Bank, N.A. 2 Banking Corporation, 10 JPMorgan Chase Bank, N.A. 170 ANZ Banking Group n/a Commonwealth Bank of Westpac Banking Corporation -513 Australia New Zealand Total 63,828 Average 7.56 Average n/a Total -293 Performance Rankings FIPS 29 Increase in Underlying Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expenses/ Profit % Average Equity % Average Total Assets % Average Gross Loans & Advances % Operating Income % Kiwibank Kiwibank Rabobank New Zealand 2.79 TSB Bank 0.14 TSB Bank TSB Bank 4.40 TSB Bank TSB Bank 2.62 Kiwibank 0.20 ASB Bank ASB Bank ASB Bank Westpac New Zealand 2.49 Bank of New Zealand 0.35 Westpac New Zealand Southland Building Society Southland Building Society 7.76 Southland Building Society 2.46 ASB Bank 0.46 ANZ National Bank Bank of New Zealand Westpac New Zealand 5.71 Bank of New Zealand 2.02 Southland Building Society 0.52 Bank of New Zealand ANZ National Bank Rabobank New Zealand 3.24 ANZ National Bank 2.01 ANZ National Bank 0.93 Rabobank New Zealand Westpac New Zealand ANZ National Bank 3.00 Kiwibank 1.86 Westpac New Zealand 1.29 Southland Building Society Rabobank New Zealand Bank of New Zealand ASB Bank 1.57 Rabobank New Zealand 1.30 Kiwibank Bank of Baroda 39 Bank of Baroda n/a Kiwibank Bank of New Zealand -181 Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a (New Zealand) (New Zealand) (New Zealand) (New Zealand) (New Zealand) (New Zealand) (New Zealand) Incorporated Total 327,397 Incorporated Average 4.32 Incorporated Average Incorporated Total 915 Incorporated Average Incorporated Average 4.09 Incorporated Average 2.03 Incorporated Average 0.76 Incorporated Average Ranking of New Zealand Total Assets Increase in Total Assets Capital Adequacy Ratio (e) Net Profit After Tax Increase in Underlying Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expenses/ Banks (c), (d) $Million % % $Million Profit % Average Equity % Average Total Assets % Average Gross Loans & Advances % Operating Income % 1 Westpac Banking Corporation 25,290 The Bank of Tokyo-Mitsubishi The Hongkong and Shanghai Deutsche Bank AG, 84 Kookmin Bank Auckland The Hongkong and Shanghai Deutsche Bank AG, 2.74 Citibank, N.A. New Zealand 0.00 Rabobank Nederland 2.53 UFJ, Auckland Banking Corporation, New Zealand Group Banking Corporation, New Zealand Group 2 Commonwealth Bank of 9,897 JPMorgan Chase Bank, N.A Citibank, N.A. New Zealand The Hongkong and Shanghai 51 The Bank of Tokyo-Mitsubishi Kookmin Bank Auckland Kookmin Bank Auckland 2.42 JPMorgan Chase Bank, N.A Commonwealth Bank of 8.24 Australia New Zealand Banking Corporation, UFJ, Auckland Australia New Zealand Deutsche Bank AG, The Bank of Tokyo-Mitsubishi Rabobank Nederland 2.19 Kookmin Bank Auckland 0.00 The Bank of Tokyo-Mitsubishi Westpac Banking Corporation JPMorgan Chase Bank, N.A The Hongkong and Shanghai 1.78 The Bank of Tokyo-Mitsubishi 0.00 Westpac Banking Corporation JPMorgan Chase Bank, N.A Deutsche Bank AG, Westpac Banking Corporation 1.10 Rabobank Nederland 0.04 ANZ Banking Group The Hongkong and Shanghai Citibank, N.A. New Zealand Citibank, N.A. New Zealand 0.80 The Hongkong and Shanghai 0.18 Kookmin Bank Auckland Banking Corporation, Banking Corporation, Rabobank Nederland Rabobank Nederland The Bank of Tokyo-Mitsubishi 0.77 Westpac Banking Corporation 0.84 Deutsche Bank AG, Citibank, N.A. New Zealand Commonwealth Bank of 1.85 JPMorgan Chase Bank, N.A Commonwealth Bank of 1.25 Citibank, N.A. New Zealand Australia New Zealand Australia Commonwealth Bank of Westpac Banking Corporation Commonwealth Bank of 0.38 Deutsche Bank AG, 3.66 The Hongkong and Shanghai Australia New Zealand Australia New Zealand New Zealand Group Banking Corporation, ANZ Banking Group n/a ANZ Banking Group n/a ANZ Banking Group n/a ANZ Banking Group n/a JPMorgan Chase Bank, N.A Average Average Average 1.24 Average 0.64 Average Sector Total 376,321 Sector Average 5.04 Sector Average Sector Total 299 Sector Average Sector Average 1.50 Sector Average 1.91 Sector Average 0.75 Sector Average (a) Incorporated Banks for the purposes of aiding comparison we have separated certain banking groups to report the locally incorporated entity in the performance rankings as a New Zealand incorporated bank; ANZ National Bank, ASB Bank, Westpac New Zealand and Rabobank New Zealand (b) Bank of Baroda (New Zealand) ( Baroda ) became a registered New Zealand bank on 1 September Baroda is a subsidiary of Bank of Baroda (India) and is in its start-up phase. Certain ratios are therefore not applicable and have not been presented. (c) Banks for the purposes of aiding comparison we have separated certain branch banks from its locally incorporated entities for presentation in the performance rankings as a New Zealand branch bank; Australia and New Zealand Banking Group, Commonwealth Bank of Australia, Westpac Banking Corporation (separate from the New Zealand Division) and Rabobank Nederland New Zealand. Rabobank Nederland s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios. (d) Australia and New Zealand Banking Group (presented as ANZ Banking Group for brevity) became a registered New Zealand bank on 5 January Certain ratios are therefore not applicable and have not been presented. (e) The capital adequacy ratio disclosed is for the Overseas Banking Group, and in most instances has been calculated under the Basel II accord. The 31 December 2009 capital adequacy ratios for Kookmin Bank were not publicly available at the date the Survey went to print.

2 30 FIPS Analysis of Annual Results Registered Banks Analysis of Annual Results of Registered Banks (a) Rank by Location of Balance Year Total Net Total Risk Total Head Office Date Assets Assets Weighted Assets Exposures (m) $Million $Million $Million ABN AMRO Bank N.V. New Zealand Banking Group (b) Auckland 31-Dec , ,195 Australia and New Zealand Banking Group 1 Wellington 30-Sep ,050 4,066 73,596 New Zealand Banking Group (c) ,813 3,862 74,266 Bank of Baroda (New Zealand) (d) 15 Wellington 31-Mar Bank of New Zealand 4 Auckland 30-Sep ,847 3,730 28, ,194 3,918 26,499 Citibank, N.A. (e) 9 Auckland 31-Dec , , Commonwealth Bank of Australia New Zealand 3 Auckland 30-Jun ,733 3,102 41,843 Banking Group (f) ,048 3,135 40,316 Deutsche Bank AG, New Zealand Group (g) 10 Auckland 31-Dec , , The Hongkong and Shanghai Banking Corporation 7 Auckland 31-Dec , ,846, , ,605 JPMorgan Chase Bank N.A. (h) 14 Auckland 31-Dec Kiwibank 5 Wellington 30-Jun , , , ,784 Kookmin Bank Auckland (i) 13 Auckland 31-Dec Rabobank Nederland New Zealand Banking Group (j) 6 Auckland 31-Dec , , , ,855 Southland Building Society (k) 11 Invercargill 31-Mar , , , ,399 The Bank of Tokyo-Mitsubishi UFJ, 12 Auckland 31-Mar , ,126 Auckland TSB Bank 8 New Plymouth 31-Mar , , , ,119 Westpac Banking Corporation New Zealand Division 2 Auckland 30-Sep ,919 3,380 40, ,357 3,607 42,231 Bank Sector Total ,321 15, , ,275 15, ,994 ANZ National Bank Wellington 30-Sep ,623 6,820 38, ,647 6,539 39,438 Australia and New Zealand Banking Group Wellington 30-Sep , ,730 (l) ASB Bank Auckland 30-Jun ,182 3,110 27, ,350 3,199 25,487 Commonwealth Bank of Australia New Zealand Auckland 30-Jun , , , ,371 Rabobank Nederland Auckland 31-Dec , , , ,704 Rabobank New Zealand Wellington 31-Dec , , , ,292 Westpac Banking Corporation Auckland 30-Sep ,290 2,676 12, ,842 1,458 15,322 Westpac New Zealand Auckland 30-Sep ,032 3,287 28, ,818 4,438 26,866 Key: n/a = not available/applicable Size & Strength Measures Analysis of Annual Results FIPS 31 Growth Measures Total Tier 1 Net Number of Number of Number of Increase in Increase in Increase in Capital Capital Loans & Employees es Owned Net Profit Underlying Total Adequacy Adequacy Advances (n) (o) ATMs After Tax Profit Assets Ratio Ratio (p) (q) (q) (m) (m) % % $Million % % % ,170 n/a ,225 9, ,748 9, n/a n/a n/a ,511 4, ,398 4, ,232 4, ,115 4, , , , , , , , , , , , , ,183 4, ,039 4, ,549 24,641 1,210 2, ,817 25,133 1,208 2, ,454 9, ,748 9, , n/a n/a n/a ,404 4, ,123 4, , , , , , , , , ,661 4, ,190 4, Changes in accounting policy that have not had a material below has been to impact certain ratios, or led to the (a) If in their latest published financials an entity has changed their comparative year figures we have restated the numbers accordingly. (b) ABN AMRO 2009 figures are not presented as the entity was acquired by Royal Bank of Scotland (RBS) during the year. ABN AMRO New Zealand relinquished its banking license on 29 May 2009 and has ceased operations in New Zealand. The 2008 figures are presented for comparison purposes and are for the New Zealand Banking Group (as defined by the RBNZ), which comprised of ABN AMRO Bank N.V., and all the New Zealand incorporated subsidiaries of ABN AMRO N.V., Amsterdam. (c) Figures are for the New Zealand Banking Group, which comprises the aggregated NZ operations of Australia and New Zealand Banking Group, including those operations conducted through the New Zealand and the ANZ National Bank Group. Consolidated accounts for ANZ National Bank include the results of UDC Finance, which is also shown separately within the Finance Companies section. (d) Bank of Baroda (New Zealand) (Baroda) became a registered New Zealand bank on 1 September Baroda is a subsidiary of Bank of Baroda (India). Certain ratios and comparative numbers are not applicable and have not been presented. (e) Figures are for the New Zealand Banking Group, which comprises Citibank, N.A. and Citicorp Services and its subsidiaries. (f) Figures are for the New Zealand Banking Group, which comprises Commonwealth Bank of Australia including various controlled entities and the ASB Banking Group Operations comprising ASB Bank, ASB Holdings and ASB Funding. (g) Figures are for the New Zealand Banking Group, which comprises Deutsche Bank AG, New Zealand, in-substance subsidiaries and other New Zealand subsidiaries of Deutsche New Zealand. (h) Figures shown are for the New Zealand Banking Group, which comprises of JPMorgan Chase Bank New Zealand and associated entities. (i) The 31 December 2008 capital adequacy ratio for Kookmin Bank was not publicly available at the date the Survey went to print. (j) Figures are for the New Zealand Banking Group, which comprises Rabobank Nederland New Zealand, Rabobank New Zealand and various subsidiaries. Rabobank Nederland s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios. (k) Southland Building Society, which became a registered bank on 7 October 2008, has been included in sector totals for both 2009 and (l) Australia and New Zealand Banking Group became a registered New Zealand bank on 5 January Certain ratios and comparative numbers are therefore not applicable and have not been presented. (m) Risk weighted assets and capital adequacy ratio are as at the applicable balance date. Capital adequacy ratios for the branch banks relate to either the overseas bank or the overseas banking group, whichever is publicly available but where both are available the overseas banking group will be presented. Total and tier 1 capital adequacy sector totals, as presented, are calculated using New Zealand incorporated banks results only. (n) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) as at the applicable balance date. (o) Number of branches includes all retail outlets as at the applicable balance date. (p) Number of owned ATMs as at the applicable balance date. (q) Where comparatives are not for the equivalent period or the entity was not operational in either period, the increase in net profit after tax and underlying performance has not been provided.

3 32 FIPS Analysis of Annual Results Registered Banks Analysis of Annual Results of Registered Banks (a) (continued) Credit Quality Measures Year Impaired Past Due Gross Individual Collective Total Provision Impaired Asset Assets Impaired Provision Provision/ for Doubtful Asset Expense Assets for Doubtful Net Debts/ Expense/ Debts/Gross Loans & Gross Average Impaired Advances Loans & Gross Loans Assets Advances & Advances $Million $Million $Million % % % % ABN AMRO Bank N.V. New Zealand Banking Group (b) Australia and New Zealand Banking Group , New Zealand Banking Group (c) Bank of Baroda (New Zealand) (d) Bank of New Zealand Citibank, N.A. (e) Commonwealth Bank of Australia New Zealand Banking Group (f) Deutsche Bank AG, New Zealand Group (g) The Hongkong and Shanghai Banking Corporation , JPMorgan Chase Bank N.A. (h) Kiwibank Kookmin Bank Auckland Rabobank Nederland New Zealand Banking Group (i) Southland Building Society (j) The Bank of Tokyo-Mitsubishi UFJ, Auckland TSB Bank Westpac Banking Corporation New Zealand Division Bank Sector Total ,198 1,497 3, , ANZ National Bank , Australia and New Zealand Banking Group (k) ASB Bank Commonwealth Bank of Australia New Zealand Rabobank Nederland Rabobank New Zealand Westpac Banking Corporation Westpac New Zealand Key: n/a = not available/applicable Profitability Measures Analysis of Annual Results FIPS 33 Efficiency Measures Total Net Interest Interest Non- Net Net Profit Net Profit Underlying Underlying Operating Operating Operating Interest Margin Spread interest Profit After Tax/ After Tax/ Profit Profit/ Expenses/ Expenses/ Income Income/ Income/ After Tax Average Average Average Average Operating Average Average Equity Total Assets Total Assets Total Assets Income Total Assets Total Assets $Million % % % % $Million % % $Million % % % , , , n/a 0.02 n/a n/a n/a -2 n/a n/a , , , , , , , , , , , , , , , , n/a n/a n/a 28 n/a n/a 40 n/a n/a , , , , Changes in accounting policy that have not had a material below has been to impact certain ratios, or led to the (a) If in their latest published financials an entity has changed their comparative year figures we have restated the numbers accordingly. (b) ABN AMRO 2009 figures are not presented as the entity was acquired by Royal Bank of Scotland (RBS) during the year. ABN AMRO New Zealand relinquished its banking license on 29 May 2009 and has ceased operations in New Zealand. The 2008 figures are presented for comparison purposes and are for the New Zealand Banking Group (as defined by the RBNZ), which comprised of ABN AMRO Bank N.V., and all the New Zealand incorporated subsidiaries of ABN AMRO N.V., Amsterdam. (c) Figures are for the New Zealand Banking Group, which comprises the aggregated NZ operations of Australia and New Zealand Banking Group, including those operations conducted through the New Zealand and the ANZ National Bank Group. Consolidated accounts for ANZ National Bank include the results of UDC Finance, which is also shown separately within the Finance Companies section. (d) Bank of Baroda (New Zealand) (Baroda) became a registered New Zealand bank on 1 September Baroda is a subsidiary of Bank of Baroda (India). Certain ratios and comparative numbers are not applicable and have not been presented. (e) Figures are for the New Zealand Banking Group, which comprises Citibank, N.A. and Citicorp Services and its subsidiaries. (f) Figures are for the New Zealand Banking Group, which comprises Commonwealth Bank of Australia including various controlled entities and the ASB Banking Group Operations comprising ASB Bank, ASB Holdings and ASB Funding. (g) Figures are for the New Zealand Banking Group, which comprises Deutsche Bank AG, New Zealand, in-substance subsidiaries and other New Zealand subsidiaries of Deutsche New Zealand. (h) Figures shown are for the New Zealand Banking Group, which comprises of JPMorgan Chase Bank New Zealand and associated entities. (i) Figures are for the New Zealand Banking Group, which comprises Rabobank Nederland New Zealand, Rabobank New Zealand and various subsidiaries. Rabobank Nederland s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios. (j) Southland Building Society, which became a registered bank on 7 October 2008, has been included in sector totals for both 2009 and (k) Australia and New Zealand Banking Group became a registered New Zealand bank on 5 January Certain ratios and comparative numbers are therefore not applicable and have not been presented.

4 34 FIPS Retail Banks Quarterly Analysis Retail Banks Quarterly Analysis Quarterly Analysis Size & Strength Measures 31-Mar Jun Sep Dec Mar Jun-09 Total Assets ANZ Banking Group (a) 109, , , , , ,905 Bank of New Zealand 58,892 60,169 64,130 76,004 73,214 70,080 Commonwealth Bank of Australia (a) 63,812 66,048 69,522 72,263 72,524 71,662 Kiwibank 6,582 7,183 8,146 9,370 9,700 10,328 Southland Building Society 2,424 n/a 2,488 2,562 2,538 2,562 TSB Bank 3,168 3,281 3,403 3,650 3,831 3,924 Westpac Banking Corporation (a) 63,872 65,698 70,255 77,109 77,230 73,642 72,821 71, Total/Average 307, , , , , ,103 Total Risk Weighted Assets ANZ Banking Group (a) 77,129 77,031 75,449 77,260 83,826 82,421 Bank of New Zealand 48,192 49,015 45,555 45,749 46,075 48,537 Commonwealth Bank of Australia (a) 41,095 42,829 43,893 44,892 45,177 42,829 Kiwibank 3,518 3,378 3,815 4,341 4,639 4,966 Southland Building Society 1,593 n/a 1,637 1,667 1,654 1,664 TSB Bank 1,429 1,472 1,494 1,562 1,689 1,766 Westpac Banking Corporation (a) 45,690 47,273 49,163 51,065 50,798 49,163 Total/Average 218, , , , , ,346 Capital Adequacy ANZ Banking Group (a), (b) Bank of New Zealand Commonwealth Bank of Australia (a), (b) Kiwibank Southland Building Society 9.59 n/a TSB Bank Westpac Banking Corporation (a), (b) Average Net Profit ANZ Banking Group (a) Bank of New Zealand Commonwealth Bank of Australia (a) Kiwibank Southland Building Society 3 n/a TSB Bank Westpac Banking Corporation (a) Total/Average 1, Profitability Retail Banks Quarterly Analysis FIPS Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec-09 Interest Margins 122, , ,760 67, ,062 70, ,743 11, ,609 2, n/a n/a ,055 4, , , Non-interest Income/Total Assets 81,181 72, ,838 42, ,626 43, ,421 5, ,687 1, n/a ,900 1, ,877 47, , , Impaired Asset Expense/Average Gross Loans n/a Operating Expenses/Operating Income n/a ,176 1, (a) The results for ANZ Banking Group, Commonwealth Bank of Australia and Westpac Banking Corporation relates to the New Zealand banking group division of these entities. (b) The capital adequacy ratios reported are for the overseas banking group. n/a = not available/applicable ANZ Bank of New Zealand CBA Kiwibank Westpac ANZ Bank of New Zealand CBA Kiwibank Westpac ANZ Bank of New Zealand CBA Kiwibank Westpac

5 36 FIPS Balance Sheets Balance Sheets Analysis of Balance Sheets of Assets Liabilities Equity Registered Banks All amounts expressed in $Millions 2009 Australia and New Zealand Banking Group New Zealand Banking Group 30-Sep 7,276 6,141 11,015 97, , ,315 Bank of Baroda (New Zealand) 31-Mar Bank of New Zealand 30-Sep 2,959 4,000 5,918 55, ,374 69,862 Citibank, N.A. 31-Dec 350 1, , ,501 Commonwealth Bank of Australia New Zealand Banking Group 30-Jun 2,896 6,773 2,517 59, ,056 Deutsche Bank AG, New Zealand Group 31-Dec , ,099 The Hongkong and Shanghai Banking Corporation, 31-Dec , ,770 JPMorgan Chase Bank, N.A. 31-Dec Kiwibank 30-Jun 294 1, , ,371 Kookmin Bank Auckland 31-Dec Rabobank Nederland New Zealand Banking Group 31-Dec , ,904 Southland Building Society 31-Mar , ,541 The Bank of Tokyo-Mitsubishi UFJ, Auckland 31-Mar , ,138 Balances with Related Parties Intangibles TSB Bank 31-Mar 62 1, , ,832 3, , Westpac Banking Corporation New Zealand Division 30-Sep 1,641 5,490 6,328 55,724 2, ,444 Bank Sector Total 16,378 27,437 26, ,801 8, ,511 3, , ABN AMRO Bank N.V. New Zealand Banking Group 31-Dec , ,492 Australia and New Zealand Banking Group New Zealand Banking Group 30-Sep 8,543 3,096 7,603 98,214 1, , ,078 Bank of Baroda (New Zealand) 31-Mar Bank of New Zealand 30-Sep 3,227 2,858 5,128 52, ,209 Citibank, N.A. 31-Dec , ,832 Commonwealth Bank of Australia New Zealand Banking Group 30-Jun 2,846 5,402 1,249 56, ,323 Deutsche Bank AG, New Zealand Group 31-Dec , ,973 The Hongkong and Shanghai Banking Corporation Balance Date Cash on Hand, Money at Call and Balances with Other Banks Trading, Investment Securities, Investments in Subsidiaries and Investment Properties, 31-Dec , ,190 JPMorgan Chase Bank, N.A. 31-Dec Kiwibank 30-Jun 408 1, , ,230 Kookmin Bank Auckland 31-Dec Rabobank Nederland New Zealand Banking Group 31-Dec , ,411 Southland Building Society 31-Mar , ,426 The Bank of Tokyo-Mitsubishi UFJ, Auckland 31-Mar TSB Bank 31-Mar , ,169 Westpac Banking Corporation New Zealand Division 30-Sep 2,508 3,610 5,137 55,780 2, ,882 Bank Sector Total 19,436 19,362 19, ,682 9, ,425 2, ,400 Derivative Financial Instruments Loans and Advances (Less Provisions) Fixed Assets Other Assets Total Assets (a) Customer Deposits Balances with Other Banks/Money Market Deposits Debt Securities Derivative Financial Instruments Balances with Related Parties Subordinated Debt Other Liabilities Total Liabilities Share Capital Ordinary Shares Head Office Account Convertible Debentures/Perpetual Preference Shares Other Equity/Cash Balance Sheets FIPS 37 Flow Hedge Reserves Retained Earnings Total Equity 58,309 3,228 23,074 10,974 21, , ,984 6, , ,671 3,892 16,304 7,643 7, ,083 66,117 1, ,587 3,745 1, , , ,376 20, ,725 14, , , , , , , , , , ,383 1, , , , , , , , ,837 6,970 8, ,541 69, ,392 1, ,227 3, ,545 30,349 57,561 29,856 61,155 2,195 6, ,521 9,142 2,023 3, ,529 19, , ,188 2,310 28,816 6,472 19, , ,951 5, ,667 7, ,794 1,188 19,451 4,656 5, ,276 1, ,025 3,933 1, , , ,284 20, ,000 13, , , , , , , , , , , , , ,989 1, , , , , , , , ,265 4,602 11, ,822 66, , ,305 4, ,530 26,968 67,274 17,233 58,060 2,112 5, ,442 8, , ,343 19,958 Footnote (a) Total assets is based on audited financial statements and includes intangible assets.

6 42 FIPS Performance Rankings Performance Rankings Finance Companies Motor Vehicles and Vendor Total Assets Increase in Total Assets Gearing Net Profit After Tax Finance (MV/VF) $ 000 % % $ Custom Fleet NZ 1,156,413 Custom Fleet NZ Canon Finance New Zealand Motor Trade Finances 8,764 2 Toyota Finance New Zealand 991,628 Toyota Finance New Zealand ORIX New Zealand Toyota Finance New Zealand 8,458 3 Motor Trade Finances 536,368 Mercedes-Benz Financial Fuji Xerox Finance ORIX New Zealand 3,589 Services New Zealand 3 UDC Finance 1,877,578 PGG Wrightson Finance UDC Finance UDC Finance 2,688 MARAC Finance 1.97 PGG Wrightson Finance Oxford Finance 5.11 MARAC Finance 1.02 Oxford Finance DF Segment Total 9,200,419 Segment Average Segment Average Segment Total -305,398 Consumer Finance (CF) Total Assets Increase in Total Assets Gearing Net Profit After Tax $ 000 % % $ 000 Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % 1 Fisher & Paykel Finance 642,118 NZF Money 3.34 Instant Finance NZ Fisher & Paykel Finance 9,370 Group 2 NZF Money 264,796 Fisher & Paykel Finance Geneva Finance Instant Finance NZ 1,092 Group 3 Geneva Finance 111,513 Instant Finance NZ NZF Money 4.38 NZF Money -2,195 CF Segment Total 1,082,754 Segment Average Segment Average Segment Total 1,269 Finance Companies Sector Total 15,620,682 Sector Average Sector Average Sector Total -660,822 Savings Institutions Group Performance Rankings FIPS 43 Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % Canon Finance New Zealand 6.81 John Deere Credit Canon Finance New Zealand 9.70 John Deere Credit 0.00 Canon Finance New Zealand John Deere Credit 2.01 Motor Trade Finances ORIX New Zealand 6.74 ORIX New Zealand 0.29 John Deere Credit Toyota Finance New Zealand 1.45 Canon Finance New Zealand Motor Trade Finances 6.11 Motor Trade Finances 0.35 Toyota Finance New Zealand MV/VF Segment Total 4,305,736 Segment Average 8.86 Segment Average Segment Total -24,542 Segment Average Segment Average Segment Average 2.70 Segment Average 0.79 Segment Average Property Development and Total Assets Increase in Total Assets Gearing (b) Net Profit After Tax Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Commercial Finance (PD/CF) (a) $ 000 % % $ 000 Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % 1 Strategic Finance 340,867 Equitable Mortgages CIT Group (New Zealand) CIT Group (New Zealand) 4,025 CIT Group (New Zealand) 8.24 North South Finance Strategic Finance Equitable Mortgages 0.06 Strategic Finance Hanover Finance 286,169 CIT Group (New Zealand) Equitable Mortgages Equitable Mortgages 2,347 Equitable Mortgages 1.98 CIT Group (New Zealand) Hanover Finance 9.48 CIT Group (New Zealand) 0.33 CIT Group (New Zealand) Equitable Mortgages 162,002 Strategic Finance North South Finance -19,964 North South Finance Equitable Mortgages CIT Group (New Zealand) 6.56 North South Finance Equitable Mortgages PD/CF Segment Total 1,031,773 Segment Average Segment Average Segment Total -332,151 Segment Average Segment Average (b) Segment Average 8.89 Segment Average Segment Average Diversified Finance (DF) (c) Total Assets Increase in Total Assets Gearing Net Profit After Tax Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ $ 000 % % $ 000 Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income % 1 South Canterbury Finance 2,335,774 Allied Nationwide Finance Farmers Mutual Finance MARAC Finance 19,054 Oxford Finance 2.46 Oxford Finance Dorchester Finance 6.76 Medical Securities 0.11 PGG Wrightson Finance GE Finance and Insurance 1,897,445 South Canterbury Finance Dorchester Finance PGG Wrightson Finance 7,778 PGG Wrightson Finance 2.05 MARAC Finance S.H. Lock (NZ) 5.86 PGG Wrightson Finance 0.54 MARAC Finance Segment Average Segment Average Segment Average 3.72 Segment Average 4.47 Segment Average Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Fisher & Paykel Finance 2.98 Fisher & Paykel Finance Instant Finance NZ NZF Money 1.70 Fisher & Paykel Finance Group Group Group Instant Finance NZ 2.43 Instant Finance NZ 6.07 Geneva Finance Fisher & Paykel Finance 3.31 Instant Finance NZ Group NZF Money NZF Money Fisher & Paykel Finance 7.59 Instant Finance NZ 3.99 Geneva Finance Group Segment Average 1.12 Segment Average 1.01 Segment Average 7.37 Segment Average 3.72 Segment Average Sector Average Sector Average Sector Average 4.17 Sector Average 7.81 Sector Average Savings Institutions Total Assets Increase in Total Assets Gearing Net Profit After Tax $ 000 % % $ PSIS 1,326,953 Credit Union Baywide Credit Union Baywide PSIS 7,889 2 CBS Canterbury 539,998 Nelson Building Society First Credit Union Police and Families Credit 1,150 Union 3 Southern Cross Building 412,012 First Credit Union 7.62 Credit Union South Credit Union South 795 Society Savings Institutions Sector Total 3,358,500 Sector Average 2.78 Sector Average 9.84 Sector Total -3,825 Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/ Average Total Assets % Average Net Assets % Average Total Assets % Average Loans & Advances % Operating Income % Police and Families Credit 1.72 Police and Families Credit Credit Union South 7.82 Police and Families Credit 0.22 CBS Canterbury Union Union Union PSIS 0.83 PSIS 7.91 Credit Union Baywide 6.90 Wairarapa Building Society 0.27 Police and Families Credit Union Credit Union South 0.75 Credit Union South 4.77 Credit Union North 5.49 PSIS 0.41 Nelson Building Society Sector Average 0.09 Sector Average Sector Average 3.02 Sector Average 1.12 Sector Average (a) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (b) Due to a number of PD/CF entities having negative Net Profit after Tax and negative Equity, the segment average could not be calculated to reflect its true position. (c) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available.

7 44 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts of Finance Companies (a), (b) Rank by Total Assets Location of Retail Deposit Balance Date Year Total Assets Head Office Guarantee Scheme (o) $ 000 Motor Vehicle and Vendor Finance (MV/VF) BMW Financial Services New Zealand 18 Auckland 31-Dec , ,507 Canon Finance New Zealand (c) 31 Auckland 31-Dec , ,063 Custom Fleet NZ (d) 5 Auckland 31-Dec ,156, ,433 Fuji Xerox Finance 19 Auckland 31-Mar , ,026 GMAC Financial Services NZ 15 Auckland 31-Dec , ,283 John Deere Credit 21 Auckland 31-Oct , ,497 Mercedes-Benz Financial Services 12 Auckland 31-Dec , ,653 Motor Trade Finances (e) 9 Dunedin 30-Sep , ,893 ORIX New Zealand 14 Auckland 31-Mar , ,440 Speirs Group (f) Palmerston North 31-Mar ,744 Toyota Finance New Zealand 6 Auckland 31-Mar , ,802 MV/VF Segment Total ,305, ,955,341 Property Development and Commercial Finance (PD/CF) CIT Group (New Zealand) 30 Auckland 31-Dec , ,039 Equitable Mortgages (g) 20 Auckland 31-Mar , ,203 Hanover Finance (h), (i). (j) 16 Auckland 30-Jun , ,917 North South Finance (i), (j), (k) 28 Auckland 31-Mar , ,522 St Laurence (d), (j), (k), (l) 22 Wellington 31-Mar , ,217 Strategic Finance (i), (j), (k), (m), (n) 13 Wellington 30-Jun , ,920 PD/CF Segment Total ,031, ,745,818 Key: n/a = not available/applicable; n/d = not disclosed. = Approved institution Original Retail Deposit Guarantee Scheme. = Approved institution Original and Extended Retail Deposit Guarantee Scheme (to 31 December 2011). Size & Strength Measures Analysis of Annual Results FIPS 45 Growth Measures Net Assets Gearing Net Loans and Number of Employees Increase in Net Profit Increase in Underlying Increase in Total Assets Advances (p) (q) After Tax Profit $ 000 % $ 000 % % % 20, , , , , , , , n/a 510,154 n/d n/a 23,527 n/d , , , , , , , , , , , , , , , , , , , , , , , , , ,607 n/a n/a n/a , , , , , ,783, , ,628, , ,717 n/d , , , , , n/a 271, , , , , n/a 42, n/a 97, n/a 48, , , , n/a 325, , , , , , , , , ,460, Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

8 46 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts of Finance Companies (a), (b) (continued) Rank by Total Assets Location of Retail Deposit Balance Date Year Total Assets Head Office Guarantee Scheme (n) Diversified Finance (DF) Allied Nationwide Finance 11 Wellington $ Jun , ,167 Dorchester Finance (i), (r) 23 Auckland 31-Mar , ,317 Farmers Mutual Finance 27 Palmerston North 31-Mar , ,801 GE Finance and Insurance (d), (s) 2 Auckland 31-Dec ,897, ,470,255 MARAC Finance (t), (u) 4 Auckland 30-Jun ,412, ,352,264 Nissan Finance New Zealand (t) ,348 Medical Securities 10 Wellington 31-Mar , ,239 Oxford Finance (c) 29 Levin 31-Mar , ,666 PGG Wrightson Finance 8 Christchurch 30-Jun , ,464 S.H. Lock (NZ) 24 Auckland 30-Jun , ,479 South Canterbury Finance (v) 1 Timaru 30-Jun ,335, ,970,601 UDC Finance 3 Auckland 30-Sep ,877, ,033,259 DF Segment Total ,200, ,543,860 Consumer Finance (CF) Fisher & Paykel Finance Group (d), (w) 7 Auckland 31-Mar , ,854 Geneva Finance 25 Auckland 31-Mar , ,054 Instant Finance NZ 26 Auckland 31-Mar , ,921 NZF Money 17 Auckland 31-Mar , ,244 CF Segment Total ,082, ,274,073 Finance Sector Total (x) ,620, ,519, Financial Statements not available (y) Easy Factors International 30-Jun ,531 Liberty Financial 30-Jun ,518 The Warehouse Financial Services 30-Sep ,531 Truck Leasing 30-Sep ,735 In Receivership PD/CF Segment Mascot Finance (z) 31-Mar ,960 Key: n/a = not available/applicable; n/d = not disclosed. = Approved institution Original Retail Deposit Guarantee Scheme. = Approved institution Original and Extended Retail Deposit Guarantee Scheme (to 31 December 2011). Size & Strength Measures Analysis of Annual Results FIPS 47 Growth Measures Net Assets Gearing Net Loans and Number of Employees Increase in Net Profit Increase in Underlying Increase in Total Assets Advances (p) (q) After Tax Profit $ 000 % $ 000 % % % 30, , , , , , , , , , , , , ,820,468 n/d -1, n/a 2,378,706 n/d , ,300, , ,309, , , , , , , , , , , , , , , , , , , , ,643, , ,380, , ,865, , ,027, , ,167, , ,620, n/a 609, , , , , , , , , , , , , , , , ,022, , ,054, ,287, ,703,440 1, ,463, ,764,026 1, , , , ,063 n/d -1, , ,950 n/d , , , , Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

9 48 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts Credit Quality Measures Profitability Measures of Finance Companies (a), (b) (continued) Year Impaired Asset Provision for Doubtful Past Due Assets Gross Impaired Impaired Asset Expense Debts/Gross Loans Assets Expense/Average and Advances Loans and Advances $ 000 % $ 000 $ 000 % Motor Vehicle and Vendor Finance (MV/VF) BMW Financial Services New Zealand Canon Finance New Zealand (c) , , Custom Fleet NZ (d) , , Fuji Xerox Finance , , GMAC Financial Services NZ , John Deere Credit Mercedes-Benz Financial Services , , , Motor Trade Finances (e) , , , ORIX New Zealand , Speirs Group (f) , Toyota Finance New Zealand , , , , MV/VF Segment Total , ,961 37, Property Development and Commercial Finance (PD/CF) , ,127 25, , , CIT Group (New Zealand) , , Equitable Mortgages (g) n/a n/a 21,033 9, , Hanover Finance (h), (i), (j) , , , , ,357 61, , , North South Finance (i), (j), (k) , , , ,683 53, , , St Laurence (d), (j), (k), (l) , ,674 69, , , , , Strategic Finance (i), (j), (k), (m), (n) , , , , , , , , PD/CF Segment Total , , , Key: n/a = not available/applicable; n/d = not disclosed. Analysis of Annual Results FIPS 49 Efficiency Measures Interest Margin Interest Spread Non-interest Income/ Net Profit After Tax Net Profit After Tax/ Underlying Profit Operating Operating Average Total Assets Average Net Expenses/Average Expenses/ Tangible Assets Total Assets Operating Income % % % $ 000 % $ 000 % % , , , , , ,620 n/a -37, n/a ,961 n/a -9, , , , , , , , , , , , , , , , , , , , , , n/a n/a n/a n/a 0.00 n/a n/a n/a , , , , , , , , , , , , ,964 n/a -33, ,806-1, , n/a , , , , , , , , , Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

10 50 FIPS Analysis of Annual Results Finance Companies Analysis of Consolidated Accounts Credit Quality Measures Profitability Measures of Finance Companies (a), (b) (continued) Year Impaired Asset Provision for Doubtful Past Due Assets Gross Impaired Impaired Asset Expense Debts/Gross Loans Assets Expense/Average and Advances Loans and Advances $ 000 % $ 000 $ 000 % Diversified Finance (DF) Allied Nationwide Finance , ,434 32, , ,204 6, Dorchester Finance (i), (r) , ,554 46, , , , ,768 48, Farmers Mutual Finance , , , GE Finance and Insurance (d), (s) , , MARAC Finance (t), (u) , ,680 26, , ,615 22, Nissan Finance New Zealand (t) , Medical Securities Oxford Finance (c) , , ,442 1, PGG Wrightson Finance , ,404 23, ,232 1, S.H. Lock (NZ) , ,100 44, , ,514 10, South Canterbury Finance (v) , , , , ,287 61, UDC Finance , ,818 59, , ,955 38, , , DF Segment Total , , , Consumer Finance , , , , , Fisher & Paykel Finance Group (d), (w) , , , , ,942 n/a 24, Geneva Finance , , , , , , Instant Finance NZ , ,808 36, , ,630 33, , , NZF Money , ,476 16, , , , CF Segment Total , , , , , , , , Finance Sector Total (x) ,063, ,334 1,639, Financial Statements not available (y) , , , Easy Factors International , ,174 14, Liberty Financial , , The Warehouse Financial Services , Truck Leasing In Receivership PD/CF Segment Mascot Finance (z) , ,577 26, Key: n/a = not available/applicable; n/d = not disclosed. Analysis of Annual Results FIPS 51 Efficiency Measures Interest Margin Interest Spread Non-interest Income/ Net Profit After Tax Net Profit After Tax/ Underlying Profit Operating Operating Average Total Assets Average Net Expenses/Average Expenses/ Tangible Assets Total Assets Operating Income % % % $ 000 % $ 000 % % , , , , , , , , ,112 n/a -18, , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,370 n/a 21, , , , , , , , , , , , , , , , , , , , , Changes in accounting policy that have an immaterial below has been to impact certain ratios, or to lead to the (a) Where comparatives have been restated in the latest financial statements, we have restated the tables accordingly. (b) Where applicable, consolidated Group numbers have been used. (c) Canon Finance New Zealand and Oxford Finance have been included in this FIPS as their total assets as at their latest balance dates now exceed $50 million. (d) As at their respective balance dates, Custom Fleet NZ, Fisher & Paykel Finance Group, GE Finance and Insurance, and St Laurence had goodwill and other intangible assets which exceeded their equity. In accordance with the Survey definitions, total assets and net assets are adjusted to exclude goodwill intangibles. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (e) Motor Trade Finances has previously operated as a cooperative and with the exception of non-member income and certain timing differences on member income, the Group incurred minimal taxation. The Group has restructured in the current year. The 2008 comparative includes a proforma tax expense and net profit after tax that has been calculated on this basis. No such adjustment is required in the current year. (f) Speirs Group portfolio was sold to Allied Nationwide during the 2009 financial year. For comparison purposes, their 2008 results have been included in the 2008 sector totals. (g) All of Equitable Mortgages s loans and advances have been sold to a Group Investment Fund and are therefore treated as Available for Sale securities. (h) The results for Hanover Finance are for the Charging Group which comprise charging subsidiaries. Hanover s fair value adjustment on debt restructure has been (i) Hanover Finance, North South Finance, St Laurence, Strategic Finance, and Dorchester Finance were all in moratorium s for debt and debenture repayments. As the financial results for these companies were still publicly available and so as to provide a true and fair view of the sector, they have been included in all segment and sector totals. (j) As at their respective balance dates, Hanover Finance, North South Finance, and Strategic Finance, all of whom were in moratorium, had total liabilities which exceeded their total assets. We do not believe it is appropriate to present negative net tangible assets or gearing ratios and therefore segment and sector net assets have been adjusted to exclude these companies. (k) North South Finance, St Laurence, and Strategic Finance s fair value adjustments on debt have been treated as abnormal. (l) St Laurence had nil employees as the company is managed at the Group level. (m) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector. (n) Strategic Finance s goodwill write-off has been treated as abnormal. (o) Total assets exclude goodwill. (p) Net loans and advances exclude operating lease assets. (q) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) at the annual balance date and the prior balance date. (r) Dorchester Finance s debenture fair value adjustment and interest accrual write-back has been (s) GE Finance and Insurance results include $20 million (2008: $18 million) of management income from their parent company and their write-off of goodwill has been treated as an abnormal expense. (t) MARAC Finance amalgamated with Nissan Finance New Zealand during the financial year ended 30 June (u) MARAC Finance s results include securitisation vehicles. (v) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available. (w) Fisher & Paykel Finance Group comprises Fisher & Paykel Finance and Fisher & Paykel Finance Holdings (and their respective subsidiaries). (x) Where information is not available for 2009, 2008 or 2007 sector averages have been adjusted. The 2009 sector totals include companies with financial reporting periods ended 1 October 2008 to 30 September (y) Current financial results for Truck Leasing, Liberty Financial, The Warehouse Financial Services, and Easy Factors International were not available at publication date. The financial data for 2008 has been included for reference only and is not included in the sector totals. (z) Mascot Finance was placed under receivership on 2 March 2009 and became the first entity to trigger the Government s deposit guarantees scheme.

11 54 FIPS Analysis of Annual Results Savings Institutions Analysis of Consolidated Accounts of Savings Institutions Rank by Approved Institutions Balance Date Year Total Assets Total Assets Retail Deposit Guarantee Scheme $ 000 CBS Canterbury 2 31-Mar , ,054 Credit Union Baywide 6 30-Jun , ,654 Credit Union North (a), (b), (d) 7 30-Jun , Jul ,232 Credit Union South 9 31-Mar , ,426 First Credit Union Jun , ,264 Hastings Building Society 5 31-Mar , ,033 Nelson Building Society 4 31-Mar , ,054 Police and Families Credit Union Jun , ,937 PSIS 1 31-Mar ,326, ,245,753 Southern Cross Building Society 3 30-Jun , ,916 Wairarapa Building Society 8 31-Mar , ,490 Sector Total ,358, ,267,813 Southland Building Society (c) 31-Mar ,540, ,425,256 Analysis of Consolidated Accounts of Savings Institutions Credit Quality Measures CBS Canterbury ,363 n/a 531 5, n/a 1,399 5, n/a n/a n/a 884 n/a 4,402 n/a Credit Union Baywide , , , , , Credit Union North (a), (b), (d) , ,079 4, ,024 4,482 n/a Credit Union South , , , First Credit Union , , , , Hastings Building Society , , , Nelson Building Society , Police and Families Credit Union PSIS , ,404 1, , Southern Cross Building Society , ,033 35, ,891 5, Wairarapa Building Society Sector Total , ,515 61, , ,165 23, Size & Strength Measures Analysis of Annual Results FIPS 55 Growth Measures Net Assets Gearing Net Loans Number of Employees Increase in Increase in Increase in and Advances Net Profit After Tax Underlying Profit Total Assets $'000 % $'000 % % % 39, , , , n/a n/a , ,079 n/d , , , , n/a n/a , , n/a n/a n/a 17, , , , , , , , , , , , , , , , , , , , , ,065, , ,057, , , , , , , , , , ,605, , ,673, , ,408, , ,337, Profitability Measures Efficiency Measures Year Impaired Asset Provision for Doubtful Past Due Assets Gross Impaired Impaired Asset Interest Margin Interest Spread Non-interest Income/ Net Profit After Tax Net Profit After Tax/ Underlying Profit Operating Operating Expense Debts/Gross Loans Assets Expense/Average Average Total Assets Average Total Assets Expenses/Average Expenses/ and Advances Loans and Advances Total Assets Operating Income $'000 % $'000 $'000 % % % % $'000 % $'000 % % , , n/a n/a n/a 277 n/a 278 n/a , , , , , , , , , , , , , , , , , , , , , , , , , Southland Building Society (c) , ,383 21, , ,438 8, Key: n/a = not available/applicable; n/d = not disclosed , , , , (a) The trading name of Credit Union North is NZCU North. Credit Union North s 2009 financial year was for an 11 months period. (b) During the 2008 financial year, Credit Union North amalgamated with Credit Union Mount Maunganui and Credit Union Waikato. As a result, there are no equivalent comparable figures prior to the 2008 financial year. Credit Union North is therefore excluded from certain profit related sector totals. (c) Southland Building Society (SBS) was registered as a bank under the Reserve Bank of New Zealand Act 1989 on 7 October As such, SBS is now excluded from the 2009 savings institutions sector totals of this FIPS and is included within the registered banks sector. For comparison purposes, SBS results have been included at the bottom of the Savings Institutions Analysis of Annual Results table as well as in graphs and tables where appropriate for comparative purposes. (d) Where comparatives are not for an equivalent period, the increase in net profit after tax and underlying profit has not been provided.