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STANDARD BANK GROUP LIMITED - Financial information provided to Industrial and Commercial Bank of China Limited (ICBC)

Release Date: 23/10/2014 08:00
Code(s): SBK     PDF:  
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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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