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

SBK - Standard Bank Group Limited - Financial information provided to Industrial

Release Date: 20/10/2011 08:00
Code(s): SBK
Wrap Text

SBK - Standard Bank Group Limited - 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") 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 International Financial Reporting Standards basis, is being provided to ICBC for purposes of ICBC`s equity accounting of Standard Bank Group`s results for the nine months ended 30 September 2011. Statement of changes in ordinary shareholders` equity for the nine months ended 30 September 2011 Rm Opening Earnings Other Balance at balance 1 attributable movements 30 September January to ordinary for the 2011 2011 shareholders period Ordinary share capital 159 159 Ordinary share premium 17 363 159 17 522 Foreign currency (4 993) 4 249 (744) reserves Translation reserve (5 672) ** 4 439 (1 233) Cash flow hedging 679 (190) 489 reserve Retained earnings 75 897 9 687 * (6 219) 79 365 Empowerment reserve and (3 470) 256 (3 214) treasury shares Other 2 117 (12) 2 105 Total ordinary 87 073 9 687 (1 567) 95 193 shareholders` equity * Primarily comprises the ordinary dividends paid in April 2011 and September 2011 ** The gain in the translation reserve principally arises from the translation impact on the group`s foreign net asset value of a R8.04 Rand / 1 US dollar exchange rate at 30 September 2011 compared to a rate of R6.64 at 31 December 2010 The information contained in this announcement has not been reviewed by or reported on by the group`s auditors. Johannesburg 20 October 2011 Lead sponsor Standard Bank Independent sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 20/10/2011 08:00:30 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