Standardbank Cover.indd - Standard Bank - Investor Relations

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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 Taxation Taxation charge and effective taxation rate Rm % 6 000 60 5 000 4 000 3 000 2 000 1 000 50 40 30 20 10 2006 2007 2008 2009 2010 2011 2012 Total taxation charge 3 988 4 940 4 839 4 725 3 987 5 397 5 766 Effective taxation rate 27.4 26.5 25.1 28.1 27.8 30.3 30.4 Taxation rate reconciliation Effective taxation rate 30.4 30.3 Indirect taxation (7.4) (6.1) Direct taxation – current and prior years 23.0 24.2 Prior year tax 5.8 0.1 Direct taxation – current year 28.8 24.3 Adjustments to direct taxation (1.7) (2.1) Capital gains tax (0.3) (0.2) Foreign tax (0.5) (0.5) Secondary tax benefit/(cost) on companies (0.6) (1.4) Deferred tax rate adjustment (0.3) Direct taxation – current year – normal 27.1 22.2 Permanent differences 0.9 5.8 Non-taxable income 8.9 8.3 Deductible indirect tax 2.0 1.7 Goodwill write-offs and other (10.0) (4.2) Direct taxation – statutory rate 28.0 28.0 2012 % 2011 % Favourable rate movements • Positive settlement of an outstanding tax appeal in South Africa. • Decreased secondary tax on companies due to its abolishment, effective 1 April 2012. • Increased non-taxable capital profit due the disposal of several investments. • Increased deductible irrecoverable indirect taxes. Unfavourable rate movements • Higher permanent differences primarily due to non-deductibility of losses outside Africa and a non-deductible goodwill impairment in the rest of Africa. • Deferred tax adjustment due to a change in the capital gains tax inclusion rate, effective 1 March 2012. • Increased capital gains tax due to the disposal of investments in South Africa. 54
Balance sheet analysis Loans and advances 56 Deposits and current accounts 57 Loans and advances performance 58 Banking activities average balance sheet 60 Liquidity management 62 Fair value heirarchy - Standard Bank Group 64
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
Page 51: Standard Bank Group Analysis of fin
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
Page 95 and 96: Shareholder information Analysis of
Page 99 and 100: Contact details Standard Bank Group

Standardbank Cover.indd - Standard Bank - Investor Relations

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