Financial Analysis Of Banking System

11 Pages 2670 Words

l Report, 2002, p. 156).

The directors and executive officers of Westpac own a combined total of 0.12% of the fully paid ordinary shares. (Westpac Annual Financial Report, 2002, p. 155). Ownership within Australia accounts for 94.45% of the percentage holdings, New Zealand holds 3.98%, United Kingdom 0.82%, Japan 0.01%, United States 0.16% and other overseas interests hold 0.58%. (Westpac Annual Financial Report, 2002, p. 152)

Within Australia, JP Morgan Nominees Australia Limited is the largest shareholder, holding 18.36% of the total fully paid ordinary shares issued. The top twenty shareholders in Australia hold 62.97% of the total fully paid ordinary shares issued. (Refer to Appendix A)
Within New Zealand, the New Zealand Central Securities Depository Limited holds the greatest number of New Zealand class shares at 16.30% and the top twenty shareholders account for 30.53% of the New Zealand holdings. (Refer to Appendix B)



3. FINANCIAL ANALYSIS

3.1 - Profitability Analysis
Firstly we will compare Westpac’s perfo...