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264 NEDBANK GROUP Limited INTEGRATED REPORT 2010Geographical segmental reportingFor the year ended 31 DecemberNedbank GroupSouth AfricaStatement of financial position (Rm) 2010 2009 2010 2009AssetsCash and cash equivalents 19 745 18 375 16 488 14 536Other short-term securities 27 044 18 550 20 488 13 847Derivative financial instruments 13 882 12 710 13 349 12 402Government and other securities 31 824 35 983 29 532 33 929Loans and advances 475 273 450 301 453 187 425 133Other assets 40 950 34 784 37 848 31 617Intergroup assets – – (6 676) (9 950)Total assets 608 718 570 703 564 216 521 514Equity and liabilitiesTotal equity 47 814 44 984 42 350 40 115Derivative financial instruments 12 052 11 551 11 506 11 226Amounts owed to depositors 490 440 469 355 462 379 435 956Provisions and other liabilities 32 308 24 729 31 469 23 676Long-term debt instruments 26 104 20 084 26 102 20 082Intergroup liabilities – – (9 590) (9 541)Total equity and liabilities 608 718 570 703 564 216 521 514Statement of comprehensive income (Rm)Net interest income 16 608 16 306 15 702 15 440Impairments charge on loans and advances 6 188 6 634 6 372 6 360Income from lending activities 10 420 9 672 9 330 9 080Non-interest revenue 13 215 11 906 12 248 10 787Operating income 23 635 21 578 21 578 19 867Total operating expenses 16 598 15 100 15 499 14 066Operating expenses 16 450 14 974 15 354 13 947BEE transaction expenses 148 126 145 119Indirect taxation 447 438 431 423Profit from operations 6 590 6 040 5 648 5 378Share of profits of associates and joint ventures 1 55 55Profit before direct taxation 6 591 6 095 5 648 5 433Direct taxation 1 366 1 232 1 191 1 080Profit after direct taxation 5 225 4 863 4 457 4 353Profit attributable to non-controlling interest:– ordinary shareholders 59 242 29 209– preference shareholders 266 344 266 344Headline earnings 4 900 4 277 4 162 3 800