Highlights

Macquarie Bank's profit after tax from ordinary activities (attributable to ordinary equity holders) increased 13 per cent to  $A916 million.

Removing the significant AIFRS 1 impacts, the profit after tax from ordinary activities would have been $A972 million, an increase of 33 per cent on the prior year excluding the one-off profit on formation of Macquarie Goodman Group (MGQ). Operating income increased 17 per cent to $A4,393 million.

• Earnings per share increased 8 per cent to $A4.00 per share.
  
  
• Total ordinary dividends for the year were $A2.15 per share, with the interim dividend franked to 90 per cent and final dividend franked to 100 per cent.
  
  
• Return on average ordinary shareholders' funds was 26.0 per cent.
  
  
• International income contributed 48 per cent of the Bank's operating income (excluding earnings on capital).
  
  
• Total assets under management increased 45 per cent to $A140 billion.
  
  
• Total assets grew by 56 per cent to $A106 billion.
  
  
• Total capital adequacy ratio of 14.1 per cent.

Consolidated Profit

Year ended 31 March	20062 $m	20052 $m	% Change
Total income	4, 393	3,752	17
Total expenses	(3,106)	(2,594)	20
Profit before income tax	1,287	1,158	11
Income tax expense	(290)	(288)	1
Profit from ordinary activities after income tax	997	870	15
Minority interests	(52)	(29)	79
Distribution on Macquarie Income Securities	(29)	(29)	-
Profit after income tax attributable to ordinary equity holders	916	812	13