ANZ Group reported a full-year cash profit of A$7.59 billion for the year ended 30 September, up 31% from a year earlier. Cash profit grew 10% after adjusting the prior-year figure for significant items. Statutory profit rose 23% to A$7.27 billion.

The difference between the reported and adjusted growth rates came up on Thursday when ANZ chief executive Nuno Matos appeared before a parliamentary committee. “It’s up 31 per cent on a reported basis. On a real basis it’s up 10 per cent,” Matos said, according to ABC News. The 10% figure refers to the comparison after excluding the significant items ANZ identified in its prior-year results.

For shareholders, ANZ announced a final dividend of 83 Australian cents per share, franked at 80%. That brought the full-year dividend to A$1.66 per share. The bank also reported a cash return on tangible equity of 11.56%, up 1.09 percentage points on the adjusted prior-year comparison.