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Contents Overview Financial highlights 1 Overview of financial results 2 Declaration of dividends 10 Normalised results 14 Provisional audited results in accordance with IFRS Financial statistics 15 Consolidated income statement 16 Headline earnings 17 Consolidated statement of financial position 18 Contingent liabilities and capital commitments 19 Consolidated cash flow information 19 Consolidated statement of other comprehensive income 20 Consolidated statement of changes in equity 21 Segment report 22 Private equity associates and joint venture 23 Accounting policies and restatement 24 Other Administrative and contact details 25 The Standard Bank Group Limited’s (group) summary consolidated annual financial statements (results) are prepared in accordance with the requirements of the JSE Limited Listings Requirements for provisional reports, the requirements of the Companies Act applicable to summary financial statements, the framework, measurement and recognition requirements of International Financial Reporting Standards (IFRS), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and the requirements of IAS 34 Interim Financial Reporting. The accounting policies applied in the preparation of the consolidated financial statements from which the results have been derived are in terms of IFRS and are consistent with the accounting policies applied in the preparation of the group’s previous consolidated annual financial statements. The results for the year ended 31 December 2012 have been audited by the group’s external auditors KPMG Inc. and PricewaterhouseCoopers Inc. Their unmodified audit report is available for inspection at the company’s registered office. The results are presented on a normalised basis, unless otherwise indicated as being on an IFRS basis. Results are normalised to reflect the group’s view of the economics of its Black Economic Empowerment Ownership initiative, the group’s share exposures entered into to facilitate client trading activities and for the benefit of Liberty Holdings Limited’s policyholders that are deemed to be treasury shares. The normalised results reflect the basis on which management manages the group and is consistent with that reported in the group’s segmental report. The pro forma constant currency information disclosed in these results (as referenced by*) is the responsibility of the group’s directors. The pro forma constant currency information has been presented to illustrate the impact of changes in currency rates on the group’s results and hence may not fairly present the group’s results of operations. In determining the change in constant currency terms, the comparative financial reporting period’s results have been adjusted for the difference between the current and prior period’s average exchange rates (determined as the average of the daily exchange rates). The measurement has been performed for each of the group’s currencies, materially that of the USD, Nigerian Naira and Kenyan Shilling. The pro forma constant currency information has been reviewed by the group’s external auditors and their unmodified review report is available for inspection at the company’s registered office.
Standard Bank Group Limited Audited results and dividend announcement for the year ended 31 December 2012 Financial highlights Headline earnings R15 010 million, up 10% (2011: R13 599 million) Headline earnings per share 941 cents (2011: 857 cents) Net asset value per share 7 092 cents (2011: 6 453 cents) Return on equity (ROE) 14.2% (2011: 14.3%) Cost-to-income ratio 58.7% (2011: 58.8%) Tier I capital adequacy ratio 11.7% (2011: 12.0%) Credit loss ratio 1.08% (2011: 0.87%) Headline earnings (Rm) CAGR 1 (2006 – 2012): 6% Headline earnings and dividends per share (cents) CAGR (2006 – 2012): Headline earnings per share : 3% Dividends per share : 6% 16 000 12 000 8 000 4 000 1 000 800 600 400 200 2006 2007 2008 2009 2010 2011 2012 10 818 13 153 14 150 11 718 11 283 13 599 15 010 1 Compound annual growth rate. Dividends per share Headline earnings per share 2006 2007 2008 2009 2010 2011 2012 320 386 386 386 386 425 455 796 961 943 757 716 857 941 The preparation of the group’s results was supervised by the group financial director, Simon Ridley, BCom (Natal), CA(SA), AMP (Oxford). These results were made publicly available on 7 March 2013. Investors are referred to www.standardbank.com/reporting where a detailed analysis of the group’s financial results, including an income statement and a statement of financial position for The Standard Bank of South Africa Limited (SBSA) and Standard Bank Plc, can be found. 1
Page 1: Standard Bank Group audited results
Page 5 and 6: Standard Bank Group Limited Audited
Page 27 and 28: Administrative and contact details

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