Financial information provided to Industrial and Commercial Bank of China Limited (“ICBC”)
Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
NSX share code: SNB ZAE000109815
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond codes: SBS, SBK, SBN, SBR, ETN series SSN series and CLN series (all JSE listed bonds issued in terms of The
Standard Bank of South Africa Limited’s Domestic Medium Term Note Programme and Credit Linked Note Programme)
(“Standard Bank Group” or “the group”)
Financial information provided to Industrial and Commercial Bank of China Limited (“ICBC”)
Standard Bank Group is required to disclose to ICBC sufficient information to enable ICBC to equity account the group's results
on a quarterly basis. Accordingly, the following consolidated financial information, prepared on an International Financial
Reporting Standards (“IFRS”) basis, is being provided to ICBC for the nine months ended 30 September 2013.
Statement of changes in ordinary shareholders' equity for the nine months ended 30 September 2013
Earnings
1 Balance at
Balance at attributable to Other movements
30 September
1 January 2013 ordinary for the period
2013
shareholders
Rm
Ordinary share capital
161 1 162
Ordinary share premium
17 931 150 18 081
Foreign currency reserves
412 4 843 5 255
Translation reserve 3
(2) 4 854 4 852
Cash flow hedging
reserve
414 (11) 403
Retained earnings 2
93 538 11 743 (6 596) 98 685
Empowerment reserve
and treasury shares
4
(3 460) 1 765 (1 695)
Other
2 503 299 2 802
Total ordinary
shareholders' equity
111 085 11 743 462 123 290
1
IFRS 10 – Consolidated Financial Statements, IFRS 11 – Joint Arrangements and the amendments to IAS 19 – Employee
Benefits were adopted retrospectively on 1 January 2013. These amendments resulted in an increase of R715m in the
group’s opening reserves, largely due to the recognition of a Retirement fund surplus.
2
Primarily comprises the cash component of the ordinary dividend declared in March 2013 and the ordinary dividend
declared in August 2013.
3
The change in translation reserve principally arises from the translation impact on the group’s foreign net assets of a
R10.03 Rand / 1 US dollar exchange rate at 30 September 2013 compared to a rate of R8.48 at 31 December 2012.
4
Comprises the positive impact on equity of replacing a portion of the internal financing of our Tutuwa Black Ownership
Initiative with external financing.
The information contained in this announcement has not been reviewed by or reported on by the group's auditors.
Johannesburg
24 October 2013
Lead sponsor
Standard Bank
Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
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