Full integrated annual report - African Bank - Investoreports

2006 2005 2004 2003 Defi nition
1 176 943 756 660 Profi t attributable to ordinary and preference shareholders
1 140 935 756 660 Profi t for the period – preference dividends paid in the period
229,5 198,7 160,3 136,2 Profi t attributable to ordinary shareholders/weighted number of ordinary shares
in issue
1 109 948 762,0 680 Basic earnings attributable to ordinary shareholders – goodwill impairments –
capital profi ts or losses of non-recurring nature
223,3 201,5 161,6 140,4 Headline earnings/weighted average number of ordinary shares in issue
496,9 495,1 472,3 474,2 Number of ordinary shares issued – shares held by the group classifi ed as
treasury shares
496,7 470,6 471,6 484,4 Ordinary shares in issue + [(new ordinary shares issued – ordinary shares
cancelled – treasury shares) x (number of days in issue/365)]
497,2 472,4 489,4 n/a Weighted number of ordinary shares in issue + dilution for outstanding options
5 n/a n/a n/a Number of preference shares issued/ordinary dividends per share for the period
808 602 397 n/a Headline earnings – (estimated cost of equity % x average ordinary
shareholders’ equity)
444,1 428,6 559,1 588,1 Ordinary shareholders’ equity/number of ordinary shares in issue (net of
treasury shares)
14,2 13 11,6 10,6 Headline earnings/average total assets
55,3 39,7 31,3 25,9 Headline earnings/average shareholders’ equity
200 122 92 56 Total ordinary dividends declared relating to the fi nancial year
– 100 53 100 Excess capital returned to shareholders in the form of special dividends declared
relating to the fi nancial year.
200 222 145 156 Total ordinary and special dividends declared relating to the fi nancial year
1,1 1,6 1,7 2,4 Headline earnings per share (adjusted for BEE charge)/ordinary dividends per
share for the period
89,6 110,2 89,7 111,1 Total ordinary and special dividends per share/headline earnings per share
753 530 n/a n/a Total preference share dividends declared relating to the fi nancial year
54,75 55,83 50,35 43,80 (Interest income + gross assurance income + non-interest income)/average
gross advances
8,5 7,9 7,7 6,7 Charge for credit losses/average gross advances
26,8 27,5 30,0 35,5 Operating expenses/(interest income + gross assurance income + non-interest
income)
14,7 15,4 15,1 15,5 Operating expenses/average gross advances
7 727 6 454 6 129 6 314 Total outstanding advances at the end of the period excluding the partially written
off book
2 213 1 642 2 246 2 625 Outstanding balance of loans that have more than three cumulative instalments in
arrears excluding partially written off book
1 435 1 117 1 657 1 961 Balance of all impairment provisions (including insurance reserves) raised
against advances
28,6 25,4 36,6 41,6 Non-performing loans/gross advances
18,6 17,3 27,0 31,1 Total impairment provisions/gross advances
64,8 68,0 73,8 74,7 Total impairment provisions/NPLs
6,4 19,7 13,5 13,1 Net bad debts written off/average gross advances
35,5 36,2 40,4 44,5 Group qualifying capital/group assets at risk
31,9 32,9 34,7 40,8 (Tier 1 capital + Tier 2 capital)/risk-weighted assets as per Banks Act
requirements
9,9 12,2 12,7 14,5 Interest expense/average interest-bearing liabilities
Integrated report 2011 | African Bank Investments Limited
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