report due tomorrow, page-4

Result
The financial report for the half-year ended 30 September
2010, and the results herein, are prepared in accordance
with Australian Accounting Standards.
The consolidated profit attributable to ordinary equity
holders of the Bank, in accordance with Australian
Accounting Standards, for the period was $294 million
(half-year to 31 March 2010: $406 million; half-year to
30 September 2009: $257 million).
Review of operations
Consolidated profit after income tax attributable to
ordinary equity holders of $294 million for the half-year
ended 30 September 2010 increased 14 per cent from
$257 million in the prior corresponding period and
decreased 28 per cent from $406 million in the prior
period.
Net operating income of $2,345 million for the half-year
ended 30 September 2010 increased 45 per cent from
$1,616 million in the prior corresponding period and
increased 15 per cent from $2,036 million in the prior
period.
Total operating expenses of $1,951 million for the halfyear
ended 30 September 2010 increased 47 per cent
from $1,329 million in the prior corresponding period and
increased 25 per cent from $1,561 million in the prior
period.
On 31 July 2010 unitholders in the Macquarie Cash
Management Trust (CMT) converted their units into at-call
deposits in the Macquarie Cash Management Account
(CMA). This resulted in an increase of $9.6 billion in
Macquarie Bank retail deposits.
The Bank has met its externally imposed capital
requirements throughout the period. The Bank is well
capitalised, and as at 30 September 2010, it had a Tier 1
capital ratio of 10.8 per cent and a total capital ratio of
12.8 per cent.
Events occurring after balance sheet date
There were no material events subsequent to
30 September 2010 that have not been reflected in the
financial statements.
Interim dividend
The Directors have resolved to pay an interim dividend for
the half-year ended 30 September 2010 of $185 million.
The dividend will be paid on 15 December 2010.