Full integrated annual report - African Bank - Investoreports

64
Banking business unit
Financial statistics
for the year ended 30 September 2011
% change 2011
Pro forma
2010
Key shareholder statistics
Headline earnings R million 24 2 302 1 863
Economic profi t
Performance ratios
R million 92 847 442
Total income yield on average advances % 35,4 37,2
Bad debt expense to average advances % 10,1 9,9
Claims paid to average advances % 1,8 2,3
Cost to average advances % 6,9 7,7
Return on assets % 5,5 5,4
Return on equity
Asset and credit quality statistics
% 22,9 19,7
Gross advances R million 38 39 912 29 024
Performing books R million 45 28 938 19 985
Non-performing loans (NPLs) R million 21 10 974 9 039
Average gross advances R million 31 34 914 26 674
Written off book (at NRV) R million 13 1 928 1 700
Total impairment provisions (including
credit life reserves) R million 20 6 643 5 555
NPLs to gross advances % 27,5 31,1
Total impairment provisions and credit life
reserves to gross advances % 16,6 19,1
Total impairment provisions and credit life
reserves to NPLs (NPL coverage) % 60,5 61,5
Net bad debt write-offs to average
gross advances 7,5 10,4
Gross bad debt write-offs to average
gross advances
Bad debts rehabilitated to average
% 10,4 17,5
gross advances
Funding and cost of funds
% (2,9) (7,1)
Funding (including subordinated bonds) R million 40 33 843 24 097
Average cost of funds % 9,4 10,4
Cash and statutory assets
Capital ratios
R million 17 5 812 4 979
African Bank Limited capital adequacy % 30,4 28,9
Tier 1 % 21,7 20,4
Tier 2
Operational statistics
% 8,7 8,5
Disbursements R million 50 21 257 14 170
Number of customers 000 11 2 569 2 315
Distribution points 39 643 462
Number of employees 27 4 978 3 935
Comparatives in blue have been adjusted to include Ellerines Financial Services on a pro forma basis
Integrated report 2011 | African Bank Investments Limited