Page 73 - Suncorp_Review

Suncorp Group Limited Annual Report 2010/11 71

7. Banking – Specifc disclosures

7.1 Contribution to proft from Banking activities

BANKING

2011 2010 $m $m

Net interest income

Interest income 4,404 4,023 Interest expense (3,494) (3,095) 910 928

Net banking fee and commission income

Fee and commission income 196 234 Fee and commission expense (78) (79) 118 155

Investment revenue

Net profts on derivative and other fnancial instruments 10 17 Other income – 3 10 20 Non-interest income 128 175 Total income from Banking activities 1,038 1,103 Operating expenses (568) (546) Impairment losses on loans and advances (325) (479) Contribution to proft before tax from Banking activities 145 78

7.2 Banking – Trading and Investment securities

CONSOLIDATED

2011 2010 $m $m

Trading securities – current

Financial assets at fair value through proft or loss

Interest-bearing securities: Bank bills, certifcates of deposit

and other negotiable securities 4,952 8,233

BANKING

2011 2010 $m $m

Investment securities – current

Available-for-sale fnancial assets

Interest-bearing securities: Negotiable securities 5,731 3,117 Other 11 13 5,742 3,130

Investment at cost

Shares in subsidiaries – 10,659 Total investment securities 5,742 13,789

Current 212 334 Non-current 5,530 13,455 Total investment securities 5,742 13,789

Consolidated net gains of $296 million (2010: $158 million) on fnancial assets held for trading and net losses of $21 million (2010: $21 million) on fnancial liabilities designated at fair value through proft or loss are recognised in proft or loss.