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FSR FSRP
FSR
FSR/ FSRP - FirstRand Limited - Quarterly disclosure on basel ii capital
adequacy
FirstRand Limited
(Incorporated in South Africa)
(Registration number 1966/010753/06)
JSE Ordinary Share Code: FSR
JSE ISIN: ZAE000066304
JSE "B" Preference Share Code: FSRP
JSE ISIN: ZAE000060141
NSX Ordinary Share Code: FSR
("FirstRand" or "the Company")
QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY
FirstRand is a registered bank controlling company, therefore it is required in
terms of Pillar 3 of the Basel II Capital Accord, to disclose quantitative
information on its capital adequacy ratios on a quarterly basis. The
consolidated capital position of FirstRand is set out below.
March 2012 December 2011
Rm % Rm %
Primary capital
Ordinary share capital and 5 158 5 222
premium
Qualifying reserves 48 702 48 707
Non-cumulative non-redeemable 4 519 4 519
preference shares
Non-controlling interests 3 056 3 074
Regulatory deductions against (3 320) (3 492)
primary capital
Total primary capital 58 115 58 030
Secondary capital
Subordinated debt instruments 6 930 5 784
Qualifying Upper Tier 2 1 063 1 044
instruments
Other qualifying reserves 215 208
Regulatory deductions against (1 300) (1 128)
secondary capital
Total secondary capital 6 908 5 908
Total regulatory capital 65 023 63 938
Total capital requirement 42 461 39 435
Primary capital adequacy ratio 13.0 14.0
Total capital adequacy ratio 14.5 15.4
Notes:
The figures above have not been reviewed and reported on by the Company`s
external auditors.
Qualifying reserves exclude any unappropriated profits.
The total capital requirement excludes any Pillar 2b add-on. The increase in the
total capital requirement reflects the implementation of the revisions to the
Basel II framework. These revisions, commonly referred to as Basel 2.5 became
effective from 1 January 2012.
Sandton
24 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/05/2012 11:18:01 Produced by the JSE SENS Department.
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