Overview of financial results - Standard Bank - Investor Relations

Standard Bank Group Analysis of financial results for the six months ended 30 June 2013
Summarised group income statement
– IFRS
Change 1H13 1H12 FY12
% Rm Rm Rm
Net interest income 20 18 809 15 688 34 015
Non-interest revenue 7 17 732 16 503 34 499
Net fee and commission revenue 10 11 029 10 016 21 319
Trading revenue 8 5 054 4 668 8 893
Other revenue (9) 1 649 1 819 4 287
Total income 14 36 541 32 191 68 514
Credit impairment charges 28 5 065 3 945 8 800
Specific credit impairments 28 4 755 3 710 9 040
Impaired loss 29 4 357 3 366 8 240
Discounting of expected recoveries 16 398 344 800
Portfolio credit impairments 32 310 235 (240)
Income after credit impairment charges 11 31 476 28 246 59 714
Operating expenses 10 21 129 19 230 40 068
Staff costs 12 12 082 10 765 22 265
Other operating expenses 7 9 047 8 465 17 803
Net income before restructure charge 15 10 347 9 016 19 646
Restructure charge – – 758
Net income before goodwill 15 10 347 9 016 18 888
Goodwill impairment – – 777
Net income before disposal of subsidiary and equity accounted
earnings 15 10 347 9 016 18 111
Loss on disposal of subsidiaries – – (86)
Share of profit from associates and joint ventures 69 248 147 675
Net income before taxation 16 10 595 9 163 18 700
Taxation 2 2 754 2 697 5 753
Profit for the period from continuing operations 21 7 841 6 466 12 947
Discontinued operation – Argentina (100) – 431 2 435
Profit for the period 14 7 841 6 897 15 382
Attributable to non-controlling interests 28 522 407 855
Attributable to preference shareholders 5 176 168 352
Attributable to ordinary shareholders – banking activities 13 7 143 6 322 14 175
Headline adjustable items – banking activities (>100) (20) 18 (1 443)
Headline earnings – banking activities 12 7 123 6 340 12 732
Headline earnings – Liberty 20 923 770 1 832
Standard Bank Group headline earnings 13 8 046 7 110 14 564
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