To view the PDF file, sign up for a MySharenet subscription.

SBK - Standard Bank Group - Financial Information Provided To Industrial And

Release Date: 20/04/2010 17:05
Code(s): SBK
Wrap Text

SBK - Standard Bank Group - Financial Information Provided To Industrial And Commercial Bank Of China Limited ("ICBC") Standard Bank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) South African Share Code: SBK Namibian Share Code: SNB ISIN: ZAE000109815 ("Standard Bank Group" or "the group") Financial Information Provided To Industrial and Commercial Bank of China Limited ("ICBC") ICBC acquired a 20% shareholding in Standard Bank Group in March 2008. Consequently 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. The following consolidated financial information, prepared on an IFRS basis, has been disclosed to ICBC for purposes of ICBC`s equity accounting of Standard Bank Group`s results for the quarter ended 31 March 2010. Statement of changes in ordinary shareholders` equity for the period ended 31 March 2010 Rm Opening Earnings Other Total balance attributable movements 1 to ordinary for the January shareholders period 2010
Ordinary 156 156 share capital Ordinary 17 041 82 17 123 share premium Foreign (454) *(1 492) (1 currency 946) reserves Translation (2 115) (863) (2 reserve 978) Cash flow 1 661 (629) 1 032 hedging reserve Retained 67 999 3 027 **(2 489) 68 537 earnings Empowerment (2 794) (571) (3 reserve and 365) treasury shares Other 2 074 291 2 365 Total 84 022 3 027 (4 179) 82 870 ordinary shareholders` equity *Reflects the impact of the stronger rand on the group`s net investment in foreign subsidiaries. **Mainly comprises the estimated cash component of the ordinary dividend declared on 3 March 2010. The information contained in this announcement has not been reviewed by or reported on by the group`s auditors. Johannesburg 20 April 2010 Lead sponsor Standard Bank Independent Sponsor Deutsche Securities (SA) Proprietary Limited Date: 20/04/2010 17:05:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story