Bendigo & Adelaide Bank Ltd. · ASX:BEN
Bendigo & Adelaide Bank — Investor Presentation (August 2005)
7 slides from Bendigo & Adelaide Bank's investor presentation, Aug 15, 2005
Slide 1: International Financial Reporting Standards
Growing together Supporting communities, sharing success 15 August 2005 International Financial Reporting Standards © Bendigo Bank
Slide 2: Overview
Growing together Supporting communities, sharing success Overview * Bendigo Bank has transitioned its accounting policies and financial reporting from existing Australian standards to Australian equivalents of International Financial Reporting Standards (AIFRS) from 1 July 2005. « The majority of tr
Slide 3: Major impact items
Growing together Supporting communities, sharing success Major impact items * No change to cashflows or ability to pay dividends. « Minimal impact on Cash basis earnings per ordinary share. * Goodwill not longer amortised, but subject to annual impairment testing. «Securitisation special purpose veh
Slide 4: Major impact items
Growing together Supporting communities, sharing success Major impact items « Derivatives to be recognised on balance sheet at fair value. « Hedges required to be tested for effectiveness with ineffective hedge fair value movements reflected in profit. «Taxation moves to a balance sheet approach req
Slide 5: Indicative 05/06 impacts: goodwill, securitisation, loan provisions
Growing together Supporting communities, sharing success Major impacts Impact area Changes Indicative 05/06 Indicative Balance Sheet Profit & Loss impact impact $ million $ million Goodwill No amortisation of goodwill +$4 Nil Annual impairment testing — possible volatility =| Unknown Unknown — Goodw
Slide 6: Major impact items: hedging and taxation
Major impacts Impact area Changes Growing together Supporting communities, sharing success Indicative 05/06 = Indicative Balance Sheet Profit & Loss impact impact $ million $ million Hedging Derivaties carried on balance sheet at fair Nil +$2 Assets value +$13 Liabilities - $11 Equity Hedge accounti
Slide 7: Other impact items
Other impacts Impact area Changes Indicative 05/06 Profit & Loss impact Growing together Supporting communities, sharing success Indicative Balance Sheet impact $ million $ million investments carried at fair value, with movements in fair value recognised in asset revaluation reserve Intangible Asse
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