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Financial information provided to the 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
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond codes: SBS, SBK, SBN, SBC, SBAG1, SBAS1, SBAPL1,
SBAPD1, SBAE, SBACRN, SBAWHT, SBACOP, SBAOIL, SBACI, SSN
series and CLN series (all JSE listed bonds issued in terms of
The Standard Bank of South Africa Limited’s Domestic Medium
Term Note Programme and Structured Note Programme (formerly
the Credit Linked Note Programme))
(“Standard Bank Group” or “the group”)
Financial information provided to the 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 three months ended 31 March 2015.
Statement of changes in ordinary shareholders' equity for the
three months ended 31 March 2015
Balance Earnings Other Balance
at attributable movements at
1 January to ordinary for the 31 March
Rm 2015 shareholders period 2015
Ordinary share
162 162
capital
Ordinary share
17 905 17 905
premium
Foreign
currency
7 359 (3 588) 3 771
translation
reserve (FCTR)
FCTR for the
7 359 466 7 825
period
FCTR release
to income (4 054) (4 054)
statement
Foreign
currency net
investment and 1
52 (444) (392)
cash flow
hedging
reserve
Retained 2 3
earnings 110 504 8 289 (5 656) 113 137
Empowerment
reserve and 4
treasury (2 570) 1 179 (1 391)
shares
Other 3 573 345 3 918
Total ordinary
shareholders' 136 985 8 289 (8 164) 137 110
equity
1
Primarily comprises a release to the income statement relating to
the disposal of the group’s 60% controlling interest in Standard
Bank Plc (SB Plc) on 1 February 2015.
2
Included in earnings attributable to ordinary shareholders is
approximately R3.1 billion of earnings excluded from headline
earnings, the majority of which relates to the disposal of the
group’s 60% controlling interest in SB Plc. This primarily
comprises the release of R4.1 billion of the group’s FCTR to the
income statement, which relates to historical foreign currency
translation gains recognised on SB Plc’s net asset value, less the
recognition of the remaining unrecognised loss on the disposal.
3
Primarily comprises the ordinary dividends declared in March 2015.
4
The reduction of the negative empowerment reserve is primarily due
to the repayment of funding by Tutuwa participants following the
expiry of the lock-in period on 31 December 2014.
The information contained in this announcement has not been reviewed or
reported on by the group's external auditors.
Johannesburg
23 April 2015
Lead sponsor
The Standard Bank of South Africa Limited
Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 23/04/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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