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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

23. Suncorp Group capital management (continued)

AS AT 30 JUNE 2010

SGL, Corporate General Services and

Insurance  4 Banking Life Consolidation Group  5 $m $m $m $m $m

Tier 1

Ordinary share capital – 12,730 – – 12,730 Subsidiary share capital (eliminated upon consolidation) 8,321 – 2,225 (10,546) – Reserves 10 53 253 (257) 59 Retained profts 1 (81) 886 23 186 1,014 Preference shares – 879 – – 879 Insurance liabilities in excess of liability valuation 424 – – – 424 Less goodwill and brands (5,607) (7,809) (913) 7,795 (6,534) Less software assets (9) (61) (23) – (93) Less other intangible assets – (95) – – (95) Less deferred tax asset – (191) – 141 (50) Less other required deductions 2 (16) – – – (16) Less Tier 1 deductions for investments in subsidiaries,

capital support – (1,428) – 1,428 –

Total Tier 1 capital 3,042 4,964 1,565 (1,253) 8,318

Tier 2

APRA general reserve for credit losses – 346 – – 346 Asset revaluation reserves – 7 – – 7 Subordinated notes 778 1,628 – – 2,406 Less Tier 2 deductions for investments in subsidiaries,

capital support – (1,428) – 1,428 –

Total Tier 2 capital 778 553 – 1,428 2,759 Total capital base 3,820 5,517 1,565 175 11,077

Represented by:

Capital in regulated entities 3,782 5,478 1,654 – 10,914 Capital in unregulated entities 38 39 (89) 175 163 3,820 5,517 1,565 175 11,077 Target capital base 3 3,395 4,828 1,554 – 9,777

Notes

1 For Banking and General Insurance, this represents the business line retained profts determined by using the APRA calculation. APRA requires accrual of expected dividends in the Bank and General Insurance current year profts. To allow for consistency across the Suncorp Group, expected dividends are also included for Life.

2 Other required deductions include surpluses in defned beneft funds and internal funding transactions of a capital nature. 3 Internal capital targets.

4 These numbers are for consolidated segments. They do not align with the regulatory reporting groups used in the Banking capital adequacy and General Insurance minimum capital requirements calculations. 5 Represents the Suncorp Group position net of all consolidation eliminations.