BOQ FY21 RESULTS WEBCAST DETAILS AND REVENUE RECLASSIFICATION Thursday, 30 September, 2021, Brisbane: Bank of Queensland Limited (BOQ) is scheduled to release
its financial results for the full year ended 31 August 2021 on Wednesday, 13 October 2021.
A market briefing on BOQ’s financial results is scheduled for 10:00am AEST (11:00am AEDT) on Wednesday, 13 October 2021, where Managing Director & CEO George Frazis, Chief Financial Officer & Chief Operating Officer Ewen Stafford, and other members of Management will present and discuss the results.
A live audio webcast of the briefing will be available on the day through the following webpage: https://edge.media-server.com/mmc/p/kf4dbgcx .
Virgin Money Australia (VMA) expense reclassification
VMA has completed its start-up phase and continues its growth. As a result, BOQ advises that costs related to VMA operational expenses, which had previously been netted off against non-interest income while the VMA business was in the start-up phase, will be restated for FY20 and 1H21. An amount of $18 million will be restated from non-interest income to operational expenses for FY20. The amount is immaterial to earnings and the reclassification has no impact on net profit after tax.
