ANZ reported a net profit of A$5.7 billion for the 12 months to September - a fall of 24 per cent compared with the previous corresponding period. On a cash basis profit fell 18 per cent to $5.9 billion.The bank also presented its results on a pro forma basis, adjusting for five "specified items". These included a change to the way the bank capitalises software development costs, restructuring expenses, a write-down in the value of minority holdings in Asian banks, the sale of Esanda Dealer Finance and a change in credit valuation adjustment methodology. On a pro forma basis, adjusted earnings fell 2.5 per cent to $6.9 billion.Income: Net interest income rose three per cent to $15.1 billion. Half-on-half, net interest income was down one percent to $7.5 billion. Other operating income was down 16 per cent to $5.4 billion. Operating income fell three per cent to $20.5 billion.Expenses and cost-to-income: Operating expenses rose 11 per cent to $10.4 billion. The cost-to-income ratio blew out from 44.5 per cent to 50.8 per cent (on a cash basis, from 45.7 per cent to 50.6 per cent). The cost-to-income ratio for the Australian division was 34.5 per cent.Impairment charges and credit quality: The charge for bad and doubtful debts was $1.9 billion - a 64 per cent increase over the previous corresponding period. The settlement of the Oswal case accounted for $147 million of the charge. The credit impairment charge as a percentage of gross loans and acceptances rose from 22 basis points in 2014/15 to 34 basis points in the year to September. The value of gross impaired assets rose 17 per cent to $3.2 billion and the ratio of gross impaired assets to gross loans and advances rose from 47 bps to 55 bps.Margin: The group's net interest margin fell four bps to two per cent. Deposit and other funding costs ate into the margin, there was a two bps impact from the sale of Esanda and the markets and treasury margin was down. This was offset by higher margins on Australian lending and Asian trade finance.Return on equity: ROE fell from 14.5 per cent in 2014/15 to ten per cent for the year to September. On a cash basis the ROE was 10.3 per cent and on a pro forma basis it was 12.2 per cent (down from 13.8 per cent).Earnings per share: On a cash basis EPS fell 22.2 per cent to $2.02 a share. On a pro forma basis EPS was down seven per cent to $2.39 a share.Dividends: The bank declared a final dividend of 80 cents a share, taking the total dividend payout for the year to $1.60 a share.The divisions: The Australian division contributed $3.6 billion to group cash profit. This was an increase of 4.7 per cent over the previous corresponding period and made up 60.7 per cent of total earnings. New Zealand contributed $1.3 billion - an increase of one per cent. Institutional contributed $1.1 billion - down 46.3 per cent. Wealth