**Exhibit 7**

**Weighted Average Number of Ordinary Shares**

 
| **Number outstanding at start of period**      |   | 822,601,167 |     | 633,192,071 |     |
|------------------------------------------------|--------|-------------|----------|-------------|----------|
| *Plus Weighted Average movement of:*           |   |        | * * |        | * * |
| Ordinary Shares                                |   | 11,169,520  |     | 27,200,247  |     |
| Ordinary Share Equivalents                     |   | n/a         |     | n/a         |     |
| Contingently Issuable Shares                   |   | n/a         |     | n/a         |     |
| Bonus Element Current Year                     |   | 1,403,542   |     | 4,636,009   |     |
| Current Bonus Element Applied to Prior Year    |   |        |     | 1,482,718   |     |
| **Total Weighted Avge No. of Ordinary Shares** |   | 835,174,229 |     | 666,511,545 |     |

 

**Diluted EPS**

 
| **Before Significant Items**              |   |        | ** ** |        | ** ** |
|-------------------------------------------|--------|-------------|------------|-------------|------------|
| Earnings before PACRS per above           |   | 431,361,044 |       | 316,890,523 |       |
| *Plus*                                    |   |        | * *   |        | * *   |
| Additional Potential Income After Tax     |   | 26,814,217  |       | 53,588,254  |       |
| less OEI at Average Rate                  |   |        |       |        |       |
| less Interest on PACRS                    |   | (52,298,631 | )          | (36,383,648 | )          |
| Earnings After PACRS interest             |   | 405,876,629 |       | 334,095,128 |       |
|                                      |   |        |       |        |       |
| Weighted Avge Ordinary Shares for Basic   |   | 835,174,229 |       | 666,511,545 |       |
| Plus Potential Ordinary Shares            |   | 71,120,895  |       | 123,337,389 |       |
| Weighted Avge Ordinary Shares for Diluted |   | 906,295,124 |       | 789,848,933 |       |
|                                      |   |        |       |        |       |
| EPS                                       |   | 44.8 cents  |       | 42.3 cents  |       |
|                                      |   |        |       |        |       |
| **After Significant Items**               |   |        | ** ** |        | ** ** |
| Earnings                                  |   | 361,277,797 |       | 851,697,376 |       |
| *Plus*                                    |   |        | * *   |        | * *   |
| Additional Potential Income               |   | 6,070,243   |       | 53,588,254  |       |
| less OEI at Average Rate                  |   |        |       |        |       |
| less Interest on PACRS                    |   | (52,298,631 | )          | (36,383,648 | )          |
| Earnings After PACRS interest             |   | 315,049,408 |       | 868,901,981 |       |
|                                      |   |        |       |        |       |
| Weighted Avge Ordinary Shares for Basic   |   | 835,174,229 |       | 666,511,545 |       |
| Plus Potential Ordinary Shares            |   | 22,135,552  |       | 123,337,389 |       |
| Weighted Avge Ordinary Shares for Diluted |   | 857,309,781 |       | 789,848,933 |       |
|                                      |   |        |       |        |       |
| EPS                                       |   | 36.7 cents  |       | 110.0 cents |       |

 

----

 
|                                                             |   | **Basic EPS**  |       | **Diluted EPS** |       | **Prior Year as Published** |       | **After 02/03  Bonus Factor  Applied  0.9977?** |     |
|------------------------------------------------------------------|--------|----------------|------------|-----------------|------------|-----------------------------|------------|-------------------------------------------------|----------|
|                                                             |   | **30-Jun-03**  |       | **30-Jun-02**   |       | **30-Jun-03**               |       | **30-Jun-02**                                   |     | **Basic** |   | **Diluted** |   |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **Statutory**                                                    |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **Note 42. Earnings per Share (EPS)**                            |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **Weighted Average Ordinary Shares**                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| Weighted Average pre-Bonus Elements                              |   | 833,771        |       | 660,393         |       | 833,711                     |       | 660,393                                         |     | 660,393 |   | 660,393 |   | 651,86? |   |
| Bonus Element Current Year                                       |   | 1,404          |       | 4,636           |       | 1,404                       |       | 4,636                                           |     | 4,636 |   | 4,636 |   | 4,64? |   |
| Current Bonus Element Applied to Prior  Financial Year           |   | —         |       | 1,483           |       | —                      |       | 1,483                                           |     |   |   |   |   |   |   |
| Total Weighted Average Ordinary Shares                           |   | 835,175        |       | 668,512         |       | 835,174                     |       | 666,512                                         |     | 665,029 |   | 665,029 |   | 666,512 |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **EPS Before Significants**                                      |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **Weighted Average Ordinary Shares Before Significants**         |   | 835,174        |       | 666,512         |       | 835,174                     |       | 666,512                                         |     | 665,029 |   | 665,029 |   | 66,512 |   |
| *(Millions - after Bonus  Elements included)*                    |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| Effect of employee options                                       |   |           |       |            |       | 3,654                       |       | 1,433                                           |     |   |   | 1,430 |   | 1,433 |   |
| Effect of PACRS                                                  |   |           |       |            |       | —                      |       | 53,967                                          |     |   |   | 53,847 |   | 53,967 |   |
| Effect of partly-paid shares                                     |   |           |       |            |       | 0.434                       |       | 0.311                                           |     |   |   | 0.310 |   | 0.314 |   |
| Effect of convertible securities                                 |   |           |       |            |       | 67,033                      |       | 67,626                                          |     |   |   | 67,476 |   | 67,626 |   |
| Number for Diluted EPS                                           |   |           |       |            |       | 906,295                     |       | 789,849                                         |     | 665,029 |   | 788,092 |   | 789,849 |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **EPS before Significants (PACRS as Debt)**                      |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| Post Goodwill                                                    |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| PAT before Significant items ($m) PACRS as  Equity               |   | 431.4          |       | 315.9           |       | 468.2                       |       | 370.5                                           |     | 316.9 |   | 370.5 |   |   |   |
| less PACRS Interest Paid as Equity                               |   | (52.3          | )          | (35.4           | )          | (62.3                       | )          | (36.4                                           | )        | (36.4 | ) | (36.4 | ) |   |   |
| PAT before Significant items ($m) PACRS as  Debt - Post Goodwill |   | 379.1          |       | 280.5           |       | 405.9                       |       | 334.1                                           |     | 280.5 |   | 334.1 |   |   |   |
| **Basic EPS before Significants - Post Goodwill**                |   | **45.4 cents** | ** ** | **42.1 cents**  |       | 44.8 cents                  |       | 42.3 cents                                      |     | 42.2 cents |   | 42.4 cents |   |   |   |
| Change from Restated Prior Period                                |   | *7.9*          | *%*        | *3.3? cents*    | * *   | *11.7*                      | *%*        | *2.50 cents*                                    | * * |   |   |   |   |   |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| Pre Goodwill                                                     |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| PAT before Significant Items ($m) PACRS as  Debt                 |   | 379.1          |       | 280.5           |       | 405.?                       |       | 334.1                                           |     | 280.5 |   | 334.1 |   |   |   |
| Add back Goodwill Amortisation                                   |   | 138.8          |       | 54.5            |       |                        |       |                                            |     |   |   |   |   |   |   |
| Less Tax Effecting Goodwill                                      |   | (10.1          | )          | —          |       |                        |       |                                            |     |   |   |   |   |   |   |
| PAT before Significant Items ($m) PACRS as  Debt - Pre Goodwill  |   | 507.8          |       | 335.0           |       |                        |       |                                            |     |   |   |   |   |   |   |
| **Basic EPS before Significants - Pre Goodwill**                 |   | **60.8 cents** | ** ** | **50.3 cents**  |       |                        |       |                                            |     |   |   |   |   |   |   |
| Change from Restated Prior Period                                |   | 20.9           | %          | 10.50 cents     |       |                        |       |                                            |     |   |   |   |   |   |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **EPS before Significants (PACRS as Equity)**                    |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| PAT before Significant Items ($m) PACRS as  Equity               |   | 431.4          |       | 31?.9           |       | 455.2                       |       | 370.5                                           |     | 316.9 |   | 370.5 |   |   |   |
| Basic EPS before Significants                                    |   | 51.7 cents     |       | 47.5 cents      |       | 50.6 cents                  |       | 46.9 cents                                      |     | 47.7 cents |   | 47.0 cents |   |   |   |
| Change from Prior Period                                         |   | *6.6*          | *%*        | *4.20 cents*    | * *   | *7.9*                       | *%*        | *3.70 cents*                                    |     |   |   |   |   |   |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **EPS After Significants**                                       |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| Weighted Average Ordinary Shares After  Significants             |   | 835.174        |       | 666.512         |       | 835.174                     |       | 666.512                                         |     | 665.029 |   | 665.029 |   | 665.512 |   |
| *(Millions - after Bonus  Elements included)*                    |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| Effect of employee options                                       |   |           |       |            |       | 3.654                       |       | 1.433                                           |     |   |   | 1.430 |   | 1.433 |   |
| Effect of PACRS                                                  |   |           |       |            |       | —                      |       | 53.967                                          |     |   |   | 53.647 |   | 53.967 |   |
| Effect of partly-paid shares                                     |   |           |       |            |       | 0.434                       |       | 0.311                                           |     |   |   | 0.510 |   | 0.311 |   |
| Effect of convertible securities                                 |   |           |       |            |       | 18.048                      |       | 67.626                                          |     |   |   | 67.476 |   | 67.626 |   |
| Number for Diluted EPS                                           |   |           |       |            |       | 857.310                     |       | 789.849                                         |     |   |   | 788.092 |   | 788.849 |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **EPS after Significants (PACRS as Debt)**                       |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| PAT after Signficant Items ($m) PACRS as  Debt                   |   | 361.3          |       | 651.7           |       | 367.3                       |       | 905.3                                           |     | 851.7 |   | 905.3 |   |   |   |
| less PACRS Interest Paid as Equity                               |   | (52.3          | )          | (36.4           | )          | (52.3                       | )          | (36.4                                           | )        | (38.4 | ) | (36.4 | ) |   |   |
| PAT after Significant Items ($m) PACRS as  Debt                  |   | 309.0          |       | 815.3           |       | 315.3                       |       | 868.9                                           |     | 815.3 |   | 868.9 |   |   |   |
| **Basic EPS after Significants**                                 |   | **37.0 cents** | ** ** | **122.3 cents** | ** ** | **36.7 cents**              | ** ** | **110.0 cents**                                 |     | 122.5 cents |   | 110.3 cents |   |   |   |
| Change from Restated Prior Period                                |   | *-69.7*        | *%*        | *65.30 cents*   | * *   | *-12.0*                     | *%*        | *7?.50 cents*                                   | * * |   |   |   |   |   |   |
|                                                             |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| **EPS after Significants (PACRS as Equity)**                     |   |           |       |            |       |                        |       |                                            |     |   |   |   |   |   |   |
| PAT after Significant Items ($m)                                 |   | 361.3          |       | 851.7           |       | 367.3                       |       | 906.3                                           |     | 851.7 |   | 905.3 |   |   |   |
| Basic EPS after Significants                                     |   | 43.3 cents     |       | 127.5 cents     |       | 42.8 cents                  |       | 114.5 cents                                     |     | 12?.1 cents |   | 114.3 cents |   |   |   |
| Change from Prior Period                                         |   | *-66.1*        | *%*        | *64.50 cents*   | * *   | *-62.7*                     | *%*        | *71.?0 cents*                                   | * * |   |   |   |   |   |   |

 

----

 
|          |   | **Note 42. Earnings Per Share (EPS)**         |   |               |       |
|---------------|--------|-----------------------------------------------|--------|--------------------|------------|
|          |   |                                          |   |               |       |
|          |   |                                          |   | **Revised Method** |       |
|          |   |                                          |   | **30-Jun-03**      |       | **30-Jun-02** |   |
|          |   | **Basic EPS**                                 |   |               |       |   |   |
|          |   | **Earnings**                                  |   |               | ** ** |   | ** ** |
|          |   | **Before Significant Items**                  |   |               | ** ** |   | ** ** |
| T_PBST        |   | T_PBT -  excl. Significant Items              |   | 575,273,012        |       | 446,364,271 |   |
|          |   | *Less*                                        |   |               | * *   |   | * * |
| T500          |   | Tax exp op  profit before abnormals           |   | (127,100,620       | )          | (120,180,252 | ) |
|          |   | *Excluding:*                                  |   |               | * *   |   | * * |
|          |   | *Portion Attributable to OEI*                 |   |               |       |   |   |
| U510          |   | OEI- share  of oper profit after tax          |   | (16,811,348        | )          | (9,293,496 | ) |
| U511          |   | OEI - share  of abnormals after tax           |   | —             |       | — |   |
|          |   | *Cost of Servicing Equity*                    |   |               |       |   |   |
|          |   | Preference  Share Dividends                   |   | n/a                |       | n/a |   |
|          |   |                                          |   |               |       |   |   |
| T_PATSIGN     |   | **Profit After Tax before Sign Items**        |   | 431,361,044        |       | 316,890,523 |   |
|          |   |                                          |   |               |       |   |   |
|          |   | **After Significant Items**                   |   |               | ** ** |   | ** ** |
| T_PATSIGN     |   | Profit After  Tax before Sign Items           |   | 431,361,044        |       | 316,890,523 |   |
|          |   | *Less*                                        |   |               | * *   |   | * * |
| T_ABN         |   | Total  Abnormal                               |   | —             |       | — |   |
| T_SIGNIFICANT |   | Total  Significant PL Items                   |   | (86,629,636        | )          | 534,806,853 |   |
| T_TAX_SIGN    |   | Total Tax  Significant Items                  |   | 16,546,389         |       | 0 |   |
| T_NETRECHRG   |   | Overhead  Recharges after Tax                 |   | —             |       | — |   |
|          |   |                                          |   |               |       |   |   |
| T_PATEXOEIR   |   | **Total PAT Extra & OEI & Recharges** |   | 361,277,797        |       | 851,697,376 |   |

 

----

 

 
|                                           |   | **02/03**   |   | **01/02**   |   |
|------------------------------------------------|--------|-------------|--------|-------------|--------|
| **Weighted Average Number of Ordinary Shares** |   |        |   |        |   |
|                                           |   |        |   |        |   |
| **Number outstanding at start of period**      |   | 822,601,167 |   | 633,192,071 |   |
| *Plus Weighted Average movement of:*           |   |        |   |        |   |
| Ordinary Shares                                |   | 11,169,520  |   | 27,200,747  |   |
| Ordinary Share Equivalents                     |   | n/a         |   | n/a         |   |
| Contingently Issuable Shares                   |   | n/a         |   | n/a         |   |
| Bonus Element Current Year                     |   | 1,403,542   |   | 4,636,009   |   |
| Current Bonus Element Applied to Prior Year    |   |        |   | 1,482,718   |   |
| **Total Weighted Avge No. of Ordinary Shares** |   | 835,174,229 |   | 666,511,545 |   |

*12*

**Basic EPS (PACRS as DEBT)**

 
| **Before Significant Items**                                  |   |        |   |        |   |
|---------------------------------------------------------------|--------|-------------|--------|-------------|--------|
| Earnings before PACRS                                         |   | 431,361,044 |   | 316,890,523 |   |
| less Interest on PACRS                                        |   | (52,298,631 | )      | (36,383,648 | )      |
| Earnings After PACRS Interest                                 |   | 379,062,413 |   | 280,506,875 |   |
|                                                          |   |        |   |        |   |
| Weighted Avge Ordinary Shares (Including  All Bonus Elements) |   | 835,174,229 |   | 666,511,545 |   |
|                                                          |   |        |   |        |   |
| EPS                                                           |   | 45.4 cents  |   | 42.1 cents  |   |
| *Change from Prior Period*                                    |   | *7.8*       | *%*    | 3.30 cents  |   |
|                                                          |   |        |   |        |   |
| **After Significant Items**                                   |   |        |   |        |   |
| Earnings                                                      |   | 361,277,797 |   | 851,697,376 |   |
| less Interest on PACRS                                        |   | (52,298,631 | )      | (36,383,648 | )      |
| Earnings After PACRS Interest                                 |   | 308,979,165 |   | 815,313,728 |   |
|                                                          |   |        |   |        |   |
| Weighted Avge Ordinary Shares                                 |   | 835,174,229 |   | 666,511,545 |   |
|                                                          |   |        |   |        |   |
| EPS                                                           |   | 37.0 cents  |   | 122.3 cents |   |
| *Change from Prior Period*                                    |   | *-69.7*     | *%*    | 85.30 cents |   |

 

----

 
|          |   | **Note 42. Earnings Per Share (EPS)**        |   |               |   |          |   |
|---------------|--------|----------------------------------------------|--------|--------------------|--------|---------------|--------|
|          |   |                                         |   |               |   |          |   |
|          |   |                                         |   | **LEGAL**          |   | **LEGALPY1**  |   |
|          |   |                                         |   | **Revised Method** |   |
|          |   |                                         |   | **30-Jun-03**      |   | **30-Jun-02** |   |
|          |   | **Diluted EPS**                              |   |               |   |          |   |
|          |   | **Earnings**                                 |   |               |   |          |   |
|          |   | **Before Significant Items**                 |   |               |   |          |   |
| T_PBST        |   | T_PBT -  excl. Significant Items             |   | 575,273,012        |   | 446,384,271   |   |
|          |   | *Less*                                       |   |               |   |          |   |
| T500          |   | Tax exp op  profit before abnormals          |   | (127,100,620       | )      | (120,180,252  | )      |
|          |   | *Excluding:*                                 |   |               |   |          |   |
|          |   | *Portion Attributable to OEI*                |   |               |   |          |   |
| U510          |   | OEI - share  of oper profit after tax        |   | (16,811,348        | )      | (9,293,496    | )      |
| U511          |   | OEI - share  of abnormals after tax          |   | —             |   | —        |   |
|          |   | *Cost of Servicing Equity*                   |   |               |   |          |   |
|          |   | Preference  Share Dividends                  |   | n/a                |   | n/a           |   |
|          |   |                                         |   |               |   |          |   |
| T_PATSIGN     |   | **Profit After Tax before Sign Items**       |   | 431,361,044        |   | 316,890,523   |   |
|          |   |                                         |   |               |   |          |   |
|          |   | **After Significant Items**                  |   |               |   |          |   |
| T_PATSIGN     |   | Profit After  Tax before Sign items          |   | 431,361,044        |   | 316,890,523   |   |
|          |   | *Less*                                       |   |               |   |          |   |
| T_ABN         |   | Total  Abnormal                              |   | —             |   | —        |   |
| T_SIGNIFICANT |   | Total  Significant PL Items                  |   | (86,629,636        | )      | 534,806,853   |   |
| T_TAX_SIGN    |   | Total Tax  Significant Items                 |   | 16,546,389         |   | 0             |   |
| T_NETRECHRG   |   | Overhead  Recharges after Tax                |   | —             |   | —        |   |
|          |   |                                         |   |               |   |          |   |
| T_PATEXOEIR   |   | **Total PAT Extra &OEI & Recharges** |   | 361,277,797        |   | 851,697,376   |   |

 

----