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

FIRSTRAND LIMITED - Trading statement in respect of the year ended 30 June 2014

Release Date: 02/09/2014 14:30
Code(s): FSR FSRP     PDF:  
Wrap Text
Trading statement in respect of the year ended 30 June 2014

FirstRand Limited
(Incorporated in the Republic of South Africa)
Registration number: 1966/010753/06
JSE Ordinary Share Code: FSR
JSE Ordinary Share ISIN: ZAE000066304
JSE B Preference Share Code: FSRP
JSE B Preference Share ISIN: ZAE000060141
NSX Ordinary Share Code: FST
(Firstrand or the Group)

TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 30 JUNE 2014

In terms of the Listings Requirements of the JSE Limited, an issuer
is required to publish a trading statement as soon as it becomes
apparent that earnings per share (EPS) and/or headline earnings per
share (HEPS) for the next period to be reported on are expected, with
a reasonable degree of certainty, to differ by at least 20% from
those of the previous corresponding reporting period.

Accordingly, the tables below provide guidance for the increases in
the Group’s HEPS, EPS and diluted normalised EPS for the year ended
30 June 2014.

Shareholders were previously advised of changes in accounting
policies as a result of the adoption of new and revised IFRS
standards. These changes resulted in the restatement of prior period
comparatives. The earnings guidance provided below is based on both a
previously reported and restated basis.

As previously communicated to shareholders, FirstRand considers
diluted normalised EPS to most accurately represent operational
performance.

                              For the year       Guidance increase for
                        ended 30 June 2013     year ended 30 June 2014
                               As reported
Headline EPS Basic (IFRS)           276.70                    21 - 23%
Actual EPS Basic (IFRS)             266.20                    24 - 26%
Diluted normalised EPS              271.80                    20 - 22%

                              For the year       Guidance increase for
                        ended 30 June 2013     year ended 30 June 2014
                               As restated
Headline EPS Basic (IFRS)            279.6                    21 - 23%
Actual EPS Basic (IFRS)              269.7                    24 - 26%
Diluted normalised EPS               273.5                    20 - 22%

Shareholders are advised that the financial information on which this
trading statement is based has not been reviewed and reported on by
the Group’s external auditors. FirstRand’s results for the year ended
30 June 2014 are expected to be released on SENS on Tuesday, 9
September 2014.

2 September 2014
Sandton

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 02/09/2014 02:30:00 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