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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 International
Financial Reporting Standards 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 2011.
Statement of changes in ordinary shareholders` equity for the nine months ended
30 September 2011
Rm Opening Earnings Other Balance at
balance 1 attributable movements 30 September
January to ordinary for the 2011
2011 shareholders period
Ordinary share capital 159 159
Ordinary share premium 17 363 159 17 522
Foreign currency (4 993) 4 249 (744)
reserves
Translation reserve (5 672) ** 4 439 (1 233)
Cash flow hedging 679 (190) 489
reserve
Retained earnings 75 897 9 687 * (6 219) 79 365
Empowerment reserve and (3 470) 256 (3 214)
treasury shares
Other 2 117 (12) 2 105
Total ordinary 87 073 9 687 (1 567) 95 193
shareholders` equity
* Primarily comprises the ordinary dividends paid in April 2011 and September
2011
** The gain in the translation reserve principally arises from the translation
impact on the group`s foreign net asset value of a R8.04 Rand / 1 US dollar
exchange rate at 30 September 2011 compared to a rate of R6.64 at 31
December 2010
The information contained in this announcement has not been reviewed by or
reported on by the group`s auditors.
Johannesburg
20 October 2011
Lead sponsor
Standard Bank
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 20/10/2011 08:00:30 Produced by the JSE SENS Department.
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