ANZ profit highlights

ANZ's full year profit is a tale of two halves. On most indicators the second half is noticeably inferior to the first half.

* Net profit increased 13 per cent over the full year to $4.1 billion but fell one per cent over the half year to $2.1 billion.

* The cash profit, ANZ's preferred measure, increased nine per cent to $3.9 billion but increased three per cent over the half year to $2.0 billion.

* Earnings per share, on a cash basis, increased eight per cent over the full year to $2.10 and increased two per cent over the half year to $1.06.

* The full year dividend increased nine per cent to $1.36, and a payout ratio of 65 per cent, up half a percentage point on the year before.

* ANZ's cost to income ratio improved over the full year (down to 43.5 per cent from 44.6 per cent) but worsened over the second half.

* Return on equity fell to 19.6 per cent from 20.1 per cent over the full year, and was flat at 19.6 per cent over the half year.

* Return on assets fell to 1.08 per cent from 1.11 per cent over the full year, and fell to 1.05 per cent in the second half from 1.11 per cent in the first half.

* Return on risk weighted assets improved to 1.65 per cent from 1.59 per cent over the full year, but fell to 1.58 per cent from 1.73 per cent over the half year.

* Credit quality changed little over the year with the ratio of net non-performing loans to shareholders' equity at 1.8 per cent, up from 1.7 per cent six months ago but down from 1.8 per cent 12 months ago.