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250 NEDBANK GROUP Limited INTEGRATED REPORT 2010Consolidatedstatement of comprehensive incomeFor the year ended 31 DecemberInterest and similar income 12 44 377 50 537Interest expense and similar charges 13 27 769 34 231Net interest income 16 608 16 306Impairments charge on loans and advances 27.1 6 188 6 634Income from lending activities 10 420 9 672Non-interest revenue 14 13 215 11 906Operating income 23 635 21 578Total operating expenses 16 598 15 100Operating expenses 15 16 450 14 974BEE transaction expenses 15.1 148 126Indirect taxation 16 447 438Profit from operations before non-trading and capital items 6 590 6 040Non-trading and capital items 17 (91) 624Profit from operations 6 499 6 664Share of profits of associates and joint ventures 30.1 1 55Profit before direct taxation 6 500 6 719Direct taxation 18.1 1 364 1 307Profit for the year 5 136 5 412Other comprehensive loss net of taxation (77) (228)Exchange differences on translating foreign operations (246) (335)Fair-value adjustments on available-for-sale assets (3) 21Gains on property revaluations 172 86Total comprehensive income for the year 5 059 5 184Notes2010Rm2009RmProfit attributable to:Equity holders of the parent 4 811 4 826Non-controlling interest – ordinary shareholders 59 242– preference shareholders 266 3445 136 5 412Total comprehensive income attributable to:Equity holders of the parent 4 734 4 603Non-controlling interest – ordinary shareholders 59 237– preference shareholders 266 344Total comprehensive income for the year 5 059 5 184Basic earnings per share (cents) 19.1 1 084 1 140Diluted earnings per share (cents) 19.1 1 050 1 109
251Reports andcertificationsConsolidatedannual financialstatementsShareholdermeeting mattersDefinitions andabbreviationsInstrumentcodesContactdetailsnotes to the financial statements for the year ended 31 December 2010Consolidatedstatement of financial positionAt 31 DecemberAssetsCash and cash equivalents 21 8 650 7 867Other short-term securities 22 27 044 18 550Derivative financial instruments 23 13 882 12 710Government and other securities 25 31 824 35 983Loans and advances 26 475 273 450 301Other assets 28 10 014 5 455Clients’ indebtedness for acceptances 1 953 2 031Current taxation receivable 483 602Investment securities 29 11 918 11 025Non-current assets held for sale 31 5 12Investments in associate companies and joint ventures 30 936 924Deferred taxation asset 32 284 282Investment property 33 199 211Property and equipment 34 5 612 4 967Long-term employee benefit assets 35 2 052 1 860Mandatory reserve deposits with central bank 21 11 095 10 508Intangible assets 36 7 494 7 415Total assets 608 718 570 703Notes2010Rm2009RmEquity and liabilitiesOrdinary share capital 38.1 449 436Ordinary share premium 15 522 13 728Reserves 28 130 25 485Total equity attributable to equity holders of the parent 44 101 39 649Non-controlling interest attributable to:– ordinary shareholders 153 1 849– preference shareholders 38.2 3 560 3 486Total equity 47 814 44 984Derivative financial instruments 23 12 052 11 551Amounts owed to depositors 39 490 440 469 355Provisions and other liabilities 40 18 245 11 252Liabilities under acceptances 1 953 2 031Current taxation liabilities 191 315Deferred taxation liabilities 32 1 804 1 945Long-term employee benefit liabilities 35 1 414 1 304Investment contract liabilities 41 7 309 6 749Insurance contract liabilities 42 1 392 1 133Long-term debt instruments 43 26 104 20 084Total liabilities 560 904 525 719Total equity and liabilities 608 718 570 703Guarantees on behalf of clients 44 29 614 28 161
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