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The business week in numbers

CBA reviews the allegations against it, punishes executives and counts the coffers; Virgin is on the domestic mend; and Baby Bunting made a big profit - here are some of the numbers that mattered this week.

MONDAY

580 pages - The Commonwealth Bank said it was taking allegations of a systemic failure to comply with anti-money laundering and counter-terrorism financing laws - on 53,530 occasions - seriously and was reviewing the 580-page statement of claim filed by the government's financial intelligence unit, AUSTRAC.

TUESDAY

Zero - Commonwealth Bank executives were hit hard in the pocket after the bank's alleged breaches of anti-money laundering and counter-terrorism financing laws, with chief executive Ian Narev and other executives seeing part of their short-term incentives slashed to zero to demonstrate "collective accountability" for what the bank said was an IT error.

WEDNESDAY

$9.9 billion - Commonwealth Bank posted its eighth consecutive record annual cash profit - up 4.6 per cent from the previous year - beating analyst predictions and delivering a dividend to shareholders of $4.29 for the 12 months, up from $4.20 per share over the previous year.

THURSDAY

69 per cent - Falls in domestic, corporate and leisure travel were behind Virgin Australia's 69 per cent drop in underlying annual earnings across its domestic business. But it's on the mend, Virgin said, despite the weaker demand leading to an underlying annual loss of $3.7 million.

FRIDAY

47 per cent - Prams, cots and car seats seller Baby Bunting posted a 47 per cent bounce in profit to $12.25 million while total sales jumped 17.4 per cent to $278 million for the 2017 financial year.

Austrlaian Associated PressBack to Breaking News

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