2009 Annual report - Nedbank Group Limited

More documents

Recommendations

Info

N E D N A M I B I AH O L D I N G SNotes to the Consolidated Annual Financial StatementsFOR THE YEAR ENDED 31 DECEMBER 20098. government and public sector securities2009 2008N$’000N$’000Financial assets classification:At fair value through profit and loss - held for trading8.1 Investment portfolioTreasury bills 419,793 300,959Government registered stock 19,744 87,784Other public sector securities 59,766 –499,303 388,7438.2 Expected maturity structureOne year or less 434,919 303,987Five years or less but over one year 3,249 82,248Over five years 61,135 2,508499,303 388,7438.3 ValuationUnlisted– Book value 504,012 389,705– Market valuation 499,303 388,743Treasury bills with a maturity value of N$345 million (2008: N$68 million) have been encumbered to secure the currentaccount with Bank of Namibia. No government registered stock or other public sector securities (2008: maturity valueof N$113.5 million) have been encumbered in 2009.Banking institutions may overdraw their current account against certain pledged eligible securities to cover possibleshortages. Overdrafts are limited to 90% of the maturity or redemption value of the securities pledged. Daily interestis charged at the prevailing repo rate on the amount received from Bank of Namibia (90% of the maturity value).9. loans and advances to customersFinancial assets classification: Loans and receivables9.1 Category analysisHome Loans 1,911,264 1,628,946Other loans and overdrafts 1,855,346 1,650,239Preference share finance 41,750 46,200Leases and instalment debtors 999,371 1,037,462Less: Unearned finance charges on leases and instalment debtors (208,169) (250,184)Micro loans 322,594 237,9464,922,156 4,350,609Impairment of loans and advances (note 31) (75,797) (65,091)4,846,359 4,285,5189.2 Sectoral analysisIndividuals 2,745,561 2,461,688Manufacturing 162,529 174,864Wholesale and trade 52,672 64,615Retailers, catering and accommodation 117,702 120,755Agriculture, hunting, forestry and fishing 421,180 251,836Mining and quarrying 284,904 186,697Financial services, insurances and real estates 377,309 397,113Government and public sector 81,129 93,419Building and property development 90,768 81,203Transport, storage and communication 106,323 110,234Other services 482,079 408,1854,922,156 4,350,60998 G RO U P A N N U A L F I N A N C I A L STAT E M E N T S
2009 2008N$’000N$’0009. loans and advances to customers (continued)9.3 Expected maturity structureLess than three months but not repayable on demand or at short-term notice 468,471 247,382One year or less but over three months 425,212 618,087Five years or less but over one year 2,170,141 3,426,957Over five years 1,858,332 58,1834,922,156 4,350,6099.4 Geographical analysisNamibia 4,922,156 4,350,6099.5 Non-performing advances9.5.1 Category analysis (included under note 9.1)Home Loans 42,166 50,459Other loans and overdrafts 36,865 34,742Net leases and instalment debtors 7,891 5,444Micro loans 19,581 17,944106,503 108,5899.5.2 Sectoral analysis (included under note 9.2)Individuals 81,093 82,681Manufacturing 4,070 4,150Wholesale and trade 1,504 1,533Retailers, catering and accommodation 1,501 1,530Agriculture, hunting, forestry and fishing 2,562 2,612Mining and quarrying 397 405Financial services, insurances and real estates 9,799 9,991Government and public sector – –Building and property development 1,889 1,926Transport, storage and communication 2,566 2,616Other services 1,122 1,145106,503 108,58910. other ASSETSFinancial assets classification: Loans and receivables 116,122 249,656Remittances in transit 58,602 151,277Zero coupon bonds 32,389 86,898Sundry debtors and other accounts 25,131 11,481Non - financial instruments 23,599 34,265Deferred staff compensation 8,387 13,155Prepayments 2,251 3,150Taxation 9,544 17,960Deferred taxation asset 3,417 –139,721 283,92111. investment in subsidiaries, associates,JOINT VENTURES AND LISTED INVESTMENTSFinancial assets classification: At fair value through profit and loss - held for tradingInvestment in associates 2,431 5,168– Carrying value at beginning of the year 5,168 4,734– Repayment of share premium (3,000) –– Share of associate’s profit 263 434Listed investments 27,164 16,37529,595 21,543Market valuation 29,595 21,543GROUP ANNUAL FINANCIAL STATEMENT S 99
Page 4 and 5:
N E D N A M I B I AH O L D I N G SH
Page 6 and 7:
N E D N A M I B I AH O L D I N G SG
Page 11 and 12:
06 | Christopher J PearceIndependen
Page 13 and 14:
Left to Right: Andre Ventér; Nevil
Page 15 and 16:
35,1% increasein net profit after t
Page 17 and 18:
APPRECIATIONOur thanks are due to o
Page 19 and 20:
Major improvementin the quality of
Page 21:
LOOKING AHEADOur strategic focus in
Page 24 and 25:
N E D N A M I B I AH O L D I N G SA
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
N E D N A M I B I AH O L D I N G Su
Page 36 and 37:
N E D N A M I B I AH O L D I N G SV
Page 38 and 39:
N E D N A M I B I AH O L D I N G SC
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51: N E D N A M I B I AH O L D I N G SC
Page 59: NEDNAMIBIA HOLDINGS GROUPAUDIT COMM
Page 62 and 63: N E D N A M I B I AH O L D I N G SS
Page 64 and 65: N E D N A M I B I AH O L D I N G SR
Page 72 and 73: N E D N A M I B I AH O L D I N G SN
Page 113: 32. OPERATING EXPENDITUREExpenses i
Page 148 and 149: N E D N A M I B I AH O L D I N G SS
Page 150 and 151:
N E D N A M I B I AH O L D I N G SS
Page 152 and 153:
N E D N A M I B I AH O L D I N G SN
Page 154 and 155:
N E D N A M I B I AH O L D I N G SN
Page 156 and 157:
Page 158:
32N E D N A M I B I AH O L D I N G
show all

2009 Annual report - Nedbank Group Limited

Create successful ePaper yourself

Delete template?

Save as template?