Total Year Financial Summary

2002
2001
2000
1999
1998

A$m
A$m
A$m
 A$m
A$m
Sales revenue
20,196
18,679
19,343
17,571
16,703
Total revenue (including interest)
20,928
23,086
20,567
18,218
17,288

EBITDA(1)
9,483
9,834
8,563
8,351
7,375
EBIT(2)
6,216
6,963
5,917
5,849
5,053
Profit before income tax expense
5,446
6,297
5,349
5,320
4,468
Net profit after minorities
3,661
4,058
3,677
3,486
3,004

Dividends
2,830
2,445
2,316
4,247
1,802

Total Assets
37,597
37,473
30,339
27,682
26,470
Gross Debt
13,726
13,990
9,821
7,211
7,722
Net Debt
11,553
10,630
8,531
5,769
6,458
Shareholders' equity
14,106
13,722
11,602
10,294
11,079

Operating cash flow
7,098
6,599
6,547
6,574
5,635
Investing cash flow
(3,258)
(6,370)
(4,896)
(4,064)
(3,609)
Financing cash flow
(3,817)
94
(1,881)
(2,484)
(1,808)
Net movement in cash
23
323
(230)
26
218

Capital expenditure & investments (including capitalised interest)
(3,777)
(7,712)
(5,428)
(4,478)
(3,973)

Financial Ratios
%
%
%
%
%
Return on average assets
17.8
21.9
21.2
22.7
20.1
Return on average equity(3)
26.8
32.7
33.7
29.9
28.7
Interest cover (times)
7.0
9.0
8.5
9.4
7.6

Gross debt to capitalisation(3) (4)
49.3
50.5
45.8
36.9
41.1
Net debt to capitalisation(3) (5)
45.0
43.7
42.4
31.8
36.8


(1) Net profit before interest received/receivable, interest expense (borrowing costs), depreciation and amortisation and income tax expense. EBITDA is used as a measure of financial performance by excluding certain variables that affect net profit but which may not directly relate to all financial aspects of the operations of the company. EBITDA is not a measure of operating income, operating performance or liquidity under Australian GAAP or USGAAP. Other companies may calculate EBITDA in a different manner to us.
 (2) EBITDA less depreciation and amortisation.
 (3) Excludes the effect of the special dividend of A$2,059 million provided for in the financial statements as at 30 June 1999.
 (4) Based on gross debt (total current and non current borrowings) as a percentage of gross debt plus shareholders' equity.
 (5) Based on net debt (gross debt less interest bearing assets and loans to employees) as a percentage of net debt plus shareholders' equity.
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