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SBK
SBK
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 Produced by the JSE SENS Department.
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