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
(“Standard Bank Group” or “the group”)
Financial information provided to Industrial and Commercial
Bank of China Limited (“ICBC”)
On a quarterly basis Standard Bank Group discloses to ICBC sufficient
information to enable ICBC to equity account the group's results.
Accordingly, the following consolidated financial information, prepared
on an International Financial Reporting Standards basis, is being provided
to ICBC for the nine months ended 30 September 2014.
Statement of changes in ordinary shareholders' equity for the nine months
ended 30 September 2014
Balance
Earnings Other
Balance at at
attributable movements
1 January 30
to ordinary for the
2014 September
shareholders period
Rm 2014
Ordinary
share
capital 162 162
Ordinary
share
premium 17 964 (62) 17 902
Foreign
currency and
hedging
reserves 6 810 1 189 7 999
Translation
reserve 6 274 *1 568 7 842
Foreign
currency net
investment
and cash
flow hedging
reserve 536 (379) 157
Retained
earnings 103 162 13 079 **(9 641) 106 600
Empowerment
reserve and
treasury
shares (2 131) 137 (1 994)
Other
2 969 400 3 369
Total
ordinary
shareholders
' equity 128 936 13 079 (7 977) 134 038
* The change in translation reserve arises from the translation impact
of the group’s foreign net asset value following the weakening of the
Rand against several other African currencies as well as the USD
(R11.29 Rand / 1 US dollar exchange rate at 30 September 2014
compared to a rate of R10.49 at 31 December 2013) since December
2013.
** Primarily comprises the ordinary dividends declared in March and
August 2014.
The information contained in this announcement has not been reviewed by or reported on by the group's auditors.
Johannesburg
23 October 2014
Lead sponsor
The Standard Bank of South Africa Limited
Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
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