Common use of PRESENTATION OF FINANCIAL INFORMATION Clause in Contracts

PRESENTATION OF FINANCIAL INFORMATION. The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements have been prepared in accordance with accounting practice generally accepted in New Zealand (“NZ GAAP”) and do not contain a reconciliation to generally accepted accounting principles in the United States (“U.S. GAAP”). The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements comply with the New Zealand equivalents to International Financial Reporting Standards (“NZ IFRS”), International Financial Reporting Standards (“IFRS”) and Interpretations adopted by the International Accounting Standards Board (“IASB”). The independent auditors of the ANZ New Zealand Financial Statements and the ANZNIL Financial Statements for the 2016, 2015, and 2014 years are subject to auditing and auditor independence standards applicable in New Zealand, which differ from those applicable in the United States. For the convenience of the reader, this Offering Memorandum contains translations of certain NZ dollar amounts into U.S. dollars at specified rates. These translations should not be construed as representations that the NZ dollar amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. See “Exchange Rates”. Due to rounding, the numbers presented throughout this Offering Memorandum may not add up precisely, and percentages may not precisely reflect absolute figures.

PRESENTATION OF FINANCIAL INFORMATION. The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements have been prepared in accordance with accounting practice generally accepted in New Zealand (“NZ GAAP”) and do not contain a reconciliation to generally accepted accounting principles in the United States (“U.S. GAAP”). The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements comply with the New Zealand equivalents to International Financial Reporting Standards (“NZ IFRS”), International Financial Reporting Standards (“IFRS”) and Interpretations adopted by the International Accounting Standards Board (“IASB”). Unless the context otherwise requires, references herein to “2014”, when used in connection with a discussion of the ANZ New Zealand Financial Statements, means our fiscal year ended September 30, 2014. We refer to prior and subsequent fiscal years and periods in a corresponding manner. The independent auditors of the ANZ New Zealand Financial Statements and the ANZNIL Financial Statements for the 20162014, 2015, 2013 and 2014 2012 years are subject to auditing and auditor independence standards applicable in New Zealand, which differ from those applicable in the United States. For the convenience of the reader, this Offering Memorandum contains translations of certain NZ dollar amounts into U.S. dollars at specified rates. These translations should not be construed as representations that the NZ dollar amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. See “Exchange Rates”. Due to rounding, the numbers presented throughout this Offering Memorandum may not add up precisely, and percentages may not precisely reflect absolute figures.

PRESENTATION OF FINANCIAL INFORMATION. The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements have been prepared in accordance with accounting practice generally accepted in New Zealand (“NZ GAAP”) and do not contain a reconciliation to generally accepted accounting principles in the United States (“U.S. GAAP”). The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements comply with the New Zealand equivalents to International Financial Reporting Standards (“NZ IFRS”), International Financial Reporting Standards (“IFRS”) and Interpretations adopted by the International Accounting Standards Board (“IASB”). The independent auditors of the ANZ New Zealand Financial Statements and the ANZNIL Financial Statements for the 20162014, 2015, 2013 and 2014 2012 years are subject to auditing and auditor independence standards applicable in New Zealand, which differ from those applicable in the United States. For the convenience of the reader, this Offering Memorandum contains translations of certain NZ dollar amounts into U.S. dollars at specified rates. These translations should not be construed as representations that the NZ dollar amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. See “Exchange Rates”. Due to rounding, the numbers presented throughout this Offering Memorandum may not add up precisely, and percentages may not precisely reflect absolute figures.

PRESENTATION OF FINANCIAL INFORMATION. The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements have been prepared in accordance with accounting practice generally accepted in New Zealand (“NZ GAAP”) and do not contain a reconciliation to generally accepted accounting principles in the United States (“U.S. GAAP”). The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements comply with the New Zealand equivalents to International Financial Reporting Standards (“NZ IFRS”), International Financial Reporting Standards (“IFRS”) and Interpretations adopted by the International Accounting Standards Board (“IASB”). Unless the context otherwise requires, references herein to “2013”, when used in connection with a discussion of the ANZ New Zealand Financial Statements, means our fiscal year ended September 30, 2013. We refer to prior and subsequent fiscal years and periods in a corresponding manner. The independent auditors of the ANZ New Zealand Financial Statements and the ANZNIL Audited Financial Statements for the 20162013, 2015, 2012 and 2014 2011 years are subject to auditing and auditor independence standards applicable in New Zealand, which differ from those applicable in the United States. For the convenience of the reader, this Offering Memorandum contains translations of certain NZ dollar amounts into U.S. dollars at specified rates. These translations should not be construed as representations that the NZ dollar amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. See “Exchange Rates”. Due to rounding, the numbers presented throughout this Offering Memorandum may not add up precisely, and percentages may not precisely reflect absolute figures.

PRESENTATION OF FINANCIAL INFORMATION. The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements have been prepared in accordance with accounting practice generally accepted in New Zealand (“NZ GAAP”) and do not contain a reconciliation to generally accepted accounting principles in the United States (“U.S. GAAP”). The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements comply with the New Zealand equivalents to International Financial Reporting Standards (“NZ IFRS”), International Financial Reporting Standards (“IFRS”) IFRS and Interpretations adopted by the International Accounting Standards Board (“IASB”). The independent auditors of the ANZ New Zealand Financial Statements and the ANZNIL Financial Statements for the 2017, 2016, 2015, and 2014 2015 years are subject to auditing and auditor independence standards applicable in New Zealand, which differ from those applicable in the United States. For the convenience of the reader, this Offering Memorandum contains translations of certain NZ dollar amounts into U.S. dollars at specified rates. These translations should not be construed as representations that the NZ dollar amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. See “Exchange Rates”. Due to rounding, the numbers presented throughout this Offering Memorandum may not add up precisely, and percentages may not precisely reflect absolute figures.

PRESENTATION OF FINANCIAL INFORMATION. The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements have been prepared in accordance with accounting practice generally accepted in New Zealand (“NZ GAAP”) and do not contain a reconciliation to generally accepted accounting principles in the United States (“U.S. GAAP”). The ANZ New Zealand Financial Statements and the ANZNIL Financial Statements comply with the New Zealand equivalents to International Financial Reporting Standards (“NZ IFRS”), International Financial Reporting Standards (“IFRS”) and Interpretations adopted by the International Accounting Standards Board (“IASB”). The independent auditors of the ANZ New Zealand Financial Statements and the ANZNIL Financial Statements for the 2016, 2015, 2014 and 2014 2013 years are subject to auditing and auditor independence standards applicable in New Zealand, which differ from those applicable in the United States. For the convenience of the reader, this Offering Memorandum contains translations of certain NZ dollar amounts into U.S. dollars at specified rates. These translations should not be construed as representations that the NZ dollar amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. See “Exchange Rates”. Due to rounding, the numbers presented throughout this Offering Memorandum may not add up precisely, and percentages may not precisely reflect absolute figures.