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SBK
SBK
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 IFRS 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 2010.
Statement of changes in ordinary shareholders` equity for the nine months
ended 30 September 2010
Rm Opening Earnings Other Total
balance 1 attributable movements
January 2010 to ordinary for the
shareholders period
Ordinary share 156 3 159
capital
Ordinary share 17 041 246 17 287
premium
Foreign currency (454) (2 966) (3 420)
reserves
Translation (2 115) (2 251) (4 366)
reserve
Cash flow 1 661 (715) 946
hedging reserve
Retained 67 999 **8 482 *(3 470) 73 011
earnings
Empowerment (2 794) (439) (3 233)
reserve and
treasury shares
Other 2 074 511 2 585
Total ordinary 84 022 8 482 (6 115) 86 389
shareholders`
equity
* Comprises the cash component of the ordinary dividend paid in April 2010 and
September 2010.
**Normalised headline earnings for the nine months ended 31 September 2010
amounted to R8 931m.
Results are normalised to reflect the legal and economic substance of the
group`s black ownership initiative and deemed treasury shares held for the
benefit of Liberty policyholders and to facilitate client trading activities.
The information contained in this announcement has not been reviewed by or
reported on by the group`s auditors.
Johannesburg
21 October 2010
Lead sponsor
Standard Bank
Date: 21/10/2010 07:30:01 Produced by the JSE SENS Department.
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