Commonwealth Bank - Report to Shareholders 2003 - Statement of Financial Position as at 30 June 2003
 

Statement of Financial Position as at 30 June 2003

 
Group
2003
$M
Group
2002
$M

Assets
 
 
Cash and liquid assets
5,575
6,044
Receivables due from other financial institutions
7,066
7,728
Trading securities
10,435
8,389
Investment securities
11,036
10,766
Loans, advances and other receivables
160,347
147,074
Bank acceptances of customers
13,197
12,517
Life insurance investment assets
27,835
30,109
Deposits with regulatory authorities
23
89
Property, plant and equipment
821
862
Investment in associates
287
313
Intangible assets
5,029
5,391
Other assets
23,459
20,366

Total Assets
265,110
249,648

Liabilities
 
 
Deposits and other public borrowings
140,974
132,800
Payables due to other financial institutions
7,538
7,864
Bank acceptances
13,197
12,517
Provision for dividend
12
1,040
Income tax liability
876
1,276
Other provisions
819
834
Life insurance policyholder liabilities
23,861
25,917
Debt issues
30,629
23,575
Bills payable and other liabilities
19,027
17,342

236,933
223,165
Loan Capital
6,025
5,427

Total Liabilities
242,958
228,592

Net Assets
22,152
21,056

Shareholders’ Equity
 
 
Share Capital
 
 
Ordinary Share Capital
12,678
12,665
Preference Share Capital
687
687
Reserves
3,850
4,226
Retained profits
2,809
1,452

Shareholders’ equity attributable to members of the Bank
20,024
19,030

Outside equity interests:  
 
Controlled entities
304
9
Life insurance statutory funds and other funds
1,824
2,017

Total outside equity interests
2,128
2,026

Total Shareholders’ Equity
22,152
21,056

The liabilities of the Commonwealth Bank of Australia and its controlled entity, Commonwealth Development Bank of Australia, as at 30 June 1996 were guaranteed by the Commonwealth of Australia under a statute of the Australian Parliament.

This guarantee is being progressively phased out following the Government sale of its shareholding on 19 July 1996: