| Key Financial Ratios2 | |||||
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| (in $millions unless otherwise indicated) |
2007 | 2006 | 2005 | 2004 | 2003 |
 | |||||
| Shareholder value | |||||
| |||||
| Dividends per ordinary share (cents) | 131 | 116 | 100 | 86 | 78 |
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| Dividend payout ratio (%) | 70.1 | 69.4 | 67.2 | 66.6 | 67.5 |
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| Dividend payout ratio – cash earnings (%) | 69.2 | 69.4 | 66 | 62 | 62.6 |
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| Return on average ordinary equity (%) | 23.5 | 23 | 21.7 | 19.9 | 19.2 |
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| Cash earnings to average ordinary equity (%) | 23.8 | 23 | 22.2 | 21.4 | 20.7 |
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| Earnings per share (cents) | 186.9 | 167.2 | 148.9 | 129.2 | 115.6 |
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| Net tangible assets per ordinary share ($) | 6.96 | 6.12 | 5.69 | 5.47 | 4.97 |
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| Share price ($): | |||||
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| High | 28.69 | 25.35 | 21.4 | 18.28 | 17.14 |
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| Low | 22.53 | 20.14 | 17.52 | 15 | 12.83 |
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| Close | 28.5 | 22.71 | 21.1 | 17.73 | 16.2 |
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| Business performance | |||||
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| Operating expenses to operating income ratio (%) | 44.7 | 46.6 | 47.7 | 49.2 | 51.3 |
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| Net interest margin (%) | 2.19 | 2.29 | 2.45 | 2.53 | 2.62 |
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| Productivity ratio (net operating income to salaries and other staff expenses) | 4.01 | 4.01 | 4.08 | 4.03 | 3.99 |
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| Capital adequacy | |||||
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| Total equity to total assets (%) | 4.8 | 5.4 | 6.3 | 6.7 | 6.3 |
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| Total equity to total average assets (%) | 5.4 | 5.7 | 6.6 | 6.9 | 6.7 |
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| Tier 1 ratio (%) | 6.5 | 6.9 | 7.2 | 6.9 | 7.2 |
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| Adjusted common equity (ACE) (%) | 4.5 | 4.6 | 4.8 | 4.8 | 5 |
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| Total capital ratio (%) | 9.5 | 9.6 | 9.7 | 9.7 | 10.5 |
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| Credit quality | |||||
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| Net impaired assets to equity and collectively assessed provisions (%) | 1.4 | 1.5 | 1.9 | 2.5 | 2.9 |
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| Total provisions to gross loans and acceptances (basis points) | 61.6 | 63 | 84 | 91 | 94 |
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| Other information | |||||
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| Points of bank representation (number at financial year end) | 1,073 | 1,068 | 1,060 | 1,065 | 1,069 |
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| Full-time equivalent employees (number at financial year end) | 28,018 | 27,224 | 27,138 | 27,013 | 26,780 |
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1 The Summary Income Statement and the Summary Balance Sheet have been extracted from the Westpac 2007 audited Annual Report.
The 2007, 2006 and 2005 results are presented on an AIFRS basis. The 2004 and 2003 results are presented on the previous AGAAP basis.
2 For more detail please refer to the 2007 Westpac Annual Report, which is available at www.westpac.com.au/investorcentre.