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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

5. Segment reporting (continued)

5.2 Reconciliation of reportable segment revenues, proft before income tax, assets and liabilities

REVENUE PROFIT BEFORE INCOME TAX

2011 2010 2011 2010 $m $m $m $m

Consolidated

Segment total 19,112 15,766 692 1,121 Elimination of intra-group investment revenue (50) (49) (50) (49) Other consolidation eliminations (29) (35) 60 46 Consolidated total 19,033 15,682 702 1,118

ASSETS LIABILITIES

2011 2010 2011 2010 $m $m $m $m

Consolidated

Business area total 109,934 107,375 (82,540) (82,731) Elimination of investment in subsidiaries (13,253) (10,659) – – Elimination of intra-group investments (244) (502) 222 481 Elimination of other intra-group balances (746) (702) 629 695 Other consolidation eliminations

and reclassifcations (203) (173) 219 169 Consolidated total 95,488 95,339 (81,470) (81,386)

5.3 Geographical segments

While some business activities take place in New Zealand, the Suncorp Group operates predominantly in one geographical segment being Australia. Revenue from external customers and non-current assets in New Zealand are not material to the Suncorp Group.

5.4 Major customers

The Suncorp Group is not reliant on any external individual customer for 10% or more of the Suncorp Group’s revenue.

5.5 Results by business area

A summary of revenue and expenses by business area and a summary of assets and liabilities by business area are presented in notes 5.5.1 and 5.5.2. These disclosures are an extension to the operating segment information presented above and are prepared on the same basis as described in note 5.1. Inclusion of results by business area in addition to the operating segment information presented above is benefcial in understanding the nature and fnancial effects of the business activities of the Suncorp Group, which consist of a General Insurance Group, a Banking Group, a Life Group and a Corporate Group.