Standardbank Cover.indd - Standard Bank - Investor Relations

Contents
Group results in brief
Highlights 1
Financial results, ratios and statistics 2
Overview of financial results 4
Summarised group income statement 10
Headline earnings 11
Headline earnings and dividends per share 12
Diluted headline earnings per share 13
Statement of financial position 14
Statement of comprehensive income 16
Statement of changes in equity 16
Financial results, ratios and statistics – IFRS 18
Summarised group income statement – IFRS 19
Statement of comprehensive income – IFRS 20
Statement of changes in equity – IFRS 20
Explanation of principal differences between
normalised and IFRS results
22
Segmental reporting
Segmental structure for key business units 26
Segmental income statement 28
Segmental statement of financial position 30
Personal & Business Banking 32
Corporate & Investment Banking 36
Liberty 40
Income statement analysis
Net interest income and margin analysis 44
Non-interest revenue 46
Credit impairment charges 48
Operating expenses 52
Taxation 54
Balance sheet analysis
Loans and advances 56
Deposit and current accounts 57
Loans and advances performance 58
Banking activities average balance sheet 60
Liquidity management 62
Fair value hierarchy – Standard Bank Group 64
Capital management
Return on ordinary equity 66
Cost of equity and economic returns 67
Market capitalisation and price-to-book ratio 68
Ordinary shareholders' equity (net asset value) 69
Currency translation effects 70
Economic capital 71
Risk-weighted assets 72
Capital adequacy 74
Subordinated debt 76
Standard Bank Group is the largest
African banking group by assets and
earnings offering a full range of
banking and related financial services
– Operates in 18 countries in sub-Saharan Africa, as well as in
selected emerging markets
– Owns a controlling stake in the South African listed wealth
management group, Liberty Holdings Limited
– Three business units: Personal & Business Banking, Corporate &
Investment Banking and Liberty
– 150-year history in South Africa
– Listed on the Johannesburg Stock Exchange (JSE) since 1970
– Started building a franchise outside southern Africa in the early 1990s
The Standard Bank Group’s analysis of financial results for the year ended
31 December 2012 has not been audited or independently reviewed and should be read
in conjunction with the audited results announcement, released on the same date,
7 March 2013. The preparation of the financial results was supervised by the group
financial director, Simon Ridley, BCom (Natal), CA(SA), AMP (Oxford).
Key banking legal entity information
The Standard Bank of South Africa
Key financial results, ratios and statistics 78
Summarised income statement 80
Statement of financial position 81
Credit impairment charges 82
Loans and advances performance 84
Capital adequacy 86
Risk-weighted assets 87
Market share analysis 88
Discontinued operation – Argentina
Summarised income statement and
overview of the transaction
89
Standard Bank Plc
Summarised income statement 90
Statement of financial position and
key ratios
91
Rest of Africa
Summarised income statement 92
Statement of financial position and
key ratios
93
Other information and restatements
Changes in accounting policies and
restatements
Group statement of financial position
restatements
96
97
SBSA group restatements 98
Financial and other definitions 99
Shareholder information
Analysis of shareholders 102
Credit ratings 103
Dividend payment dates 104
Instrument codes 104
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