Standardbank Cover.indd - Standard Bank - Investor Relations

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<strong>Standard</strong> <strong>Bank</strong> Group Analysis of financial results for the year ended 31 December 2012 Policyholder liabilities (Rbn) CAGR (2006 – 2012): 6% 250 200 150 100 50 2006 2007 2008 2009 2010 2011 2012 169 186 173 184 198 209 237 BEE normalised summarised income statement Change % Insurance premium revenue 13 30 720 27 302 Reinsurance premiums (20) (1 089) (909) Net insurance premiums 12 29 631 26 393 Investment income and gains >100 43 679 19 972 Management and service fee income 19 2 893 2 423 Defined benefit pension fund employer deficit (>100) (45) (4) Total revenue 56 76 158 48 784 Benefits due to policyholders 68 56 878 33 799 Net insurance benefits and claims 54 43 864 28 480 Fair value adjustment to policyholders’ liabilities under investment contracts >100 10 035 4 089 Fair value adjustment on third party mutual fund interests >100 2 979 1 230 Income after policyholders’ benefits 29 19 280 14 985 Operating expenses 15 12 306 10 665 Insurance, investment and asset management acquisition costs 17 3 818 3 268 General marketing and administration expenses 15 7 445 6 498 Finance costs (10) 243 271 Preference dividend in subsidiary 27 800 628 Equity accounted earnings from joint ventures (67) 3 9 Profit before taxation 61 6 977 4 329 Taxation 96 2 717 1 383 Total earnings 45 4 260 2 946 Preference share dividend deducted – (2) (2) Headline earnings adjustable items (100) (71) Total headline earnings 42 4 187 2 944 Attributable to non-controlling interests 2 49 419 281 BEE normalised headline earnings 41 3 768 2 663 1 Gains and losses on owner-occupied properties are, in terms of Liberty’s accounting policies, measured at fair value through other comprehensive income. Liberty has restated its results for the impact of the above. The impact was considered immaterial to the group and therefore comparative results were not adjusted. 2 Non-controlling interest within Liberty Holdings. 2012 Rm 2011 1 Rm 41
Group results in brief Segmental reporting Income statement analysis Balance sheet analysis Capital management Key banking legal entity information Other information and restatements Shareholder information Liberty continued BEE normalised headline earnings by segment Change % Retail Insurance South Africa (1) 1 299 1 314 Liberty corporate >100 75 36 LibFin 88 2 116 1 124 Stanlib 18 489 414 Liberty properties (50) 48 96 Liberty Africa >100 69 21 Liberty health 35 (42) (65) Other (3) (286) (277) BEE normalised headline earnings 41 3 768 2 663 1 Gains and losses on owner-occupied properties are, in terms of Liberty’s accounting policies, measured at fair value through other comprehensive income. Liberty has restated its results for the impact of the above. The impact was considered immaterial to the group and therefore comparative results were not adjusted. 2012 Rm 2011 1 Rm External assets under management Change % Asset management – assets under management 5 42 40 Segregated funds 6 38 36 Properties – 4 4 Wealth management – funds under administration 10 236 215 Single manager unit trust 14 100 88 Institutional marketing 30 48 37 Linked and structured life products 30 43 33 Multi-manager (40) 9 15 Rest of Africa (14) 36 42 Total external assets under management 9 278 255 2012 Rbn 2011 Rbn 42
Page 1 and 2: Standard Bank Group financial resul
Page 3 and 4: Proof 8: 20 February 2013 Standard
Page 5 and 6: Proof 8: 20 February 2013 Standard
Page 7 and 8: Standard Bank Group Analysis of fin
Page 21 and 22: Group results in brief Segmental re
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Page 53 and 54: Balance sheet analysis Loans and ad
Page 61 and 62: Capital management Return on ordina
Page 73 and 74: Key banking legal entity informatio
Page 89 and 90: Other information and restatements
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Standard Bank Group Analysis of fin
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Shareholder information Analysis of
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Standard Bank Group Analysis of fin
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Contact details Standard Bank Group
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Standardbank Cover.indd - Standard Bank - Investor Relations

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