Aug 8 (Reuters) - Commonwealth Bank of Australia (CBA) :
- UPDATE ON ONE-OFF ITEMS IMPACTING FY22 FINANCIAL RESULTS
- RECOGNISED ONE-OFF EXPENSE ITEMS OF A$445 MILLION (PRE-TAX) DURING SECOND HALF OF 2022 FINANCIAL YEAR
- SOFTWARE AMORTISATION EXPENSE (EXCLUDING.ONE-OFFS) IS EXPECTED TO BE BROADLY FLAT IN FY23
- RECOGNISED ITEMS OF A$389 MILLION RELATED TO ACCELERATION OF AMORTISATION ON CERTAIN CAPITALISED SOFTWARE AS AT JUNE 2022 IN HALF
- DELIVERED A PRE-TAX GAIN OF A$516 MILLION SALE OF 10% SHAREHOLDING IN BANK OF HANGZHOU CO
- REMAINING 5.6% INVESTMENT IN HZB IS NOW TREATED AS A STRATEGIC EQUITY INVESTMENT
- GROUP WILL NO LONGER RECOGNISE ITS SHARE OF PROFITS FROM HZB AS AN ASSOCIATE WITHIN OTHER BANKING INCOME
News: CBA CBA Says Recognised One-Off Pretax Expense Items Of A$445 Mln In H2
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