Nedbank Group | Nine-year review

Nine-year review

Nine-year review Statistics and ratios at 31 December

	Nine- year CAGR* %		2012	2011	2010	2009	2008	2007	2006	2005	2004
Share statistics
Earnings per share
Headline	16,6	cents	1 646	1 365	1 104	1 010	1 422	1 485	1 110	797	483
Diluted headline	16,1	cents	1 595	1 340	1 069	983	1 401	1 429	1 076	791	482
Basic	18,4	cents	1 638	1 367	1 084	1 140	1 581	1 511	1 135	966	423
Diluted basic	18,0	cents	1 588	1 341	1 050	1 109	1 558	1 454	1 099	958	422
Dividends/distributions
Declared per share	25,8	cents	752	605	480	440	620	660	493	290	120
Paid/capitalised per share	30,9	cents	680	533	442	520	660	594	394	181	79
Dividend/distribution cover	(7,3)	cents	2,19	2,26	2,30	2,30	2,29	2,25	2,25	2,75	4,00
Net asset value per share	12,3	cents	11 798	10 753	9 831	9 100	8 522	7 513	6 363	5 597	4 654
Tangible net asset value per share	14,7	cents	10 065	9 044	8 160	7 398	7 179	6 207	5 106	4 351	3 361
Shares
Gross number in issue		m	507	507	515	499	469	459	451	443	394
Treasury shares		m	(50)	(52)	(66)	(63)	(59)	(57)	(56)	(41)	**
Net number in issue		m	457	455	449	436	410	402	395	402	394
Weighted average number		m	456	453	444	423	405	399	400	397	361
Fully diluted weighted average		m	471	462	458	435	412	414	412	400	362
Share price and related statistics
Nedbank Group traded price
Closing		cents	18 800	14 500	13 035	12 405	9 550	13 600	13 350	10 000	7 780
High		cents	18 881	15 445	15 000	12 900	13 975	15 810	13 950	10 280	7 999
Low		cents	18 501	12 360	11 725	6 492	7 498	12 325	9 790	6 700	5 240
JSE Banks index – closing			53 362	41 177	40 985	36 675	30 566	35 876	36 121	29 234	22 975
JSE All Share index – closing			39 250	31 985	32 119	27 666	21 509	28 958	24 915	18 097	12 657
Market capitalisation		Rbn	95,4	73,6	67,1	61,9	44,8	62,5	60,2	44,3	30,7
Number of shares traded		m	149,8	206,1	265,2	272,7	305,4	232,2	191,7	168,1	245,8
Number traded to weighted average number of shares		%	32,9	45,5	59,7	64,5	75,4	58,2	48,0	42,3	68,1
Value of shares traded		Rm	28 166	28 578	35 379	27 512	31 237	31 954	22 219	13 709	15 345
Value traded to market capitalisation		%	29,5	38,8	52,7	44,5	69,8	51,1	36,9	31,0	50,0
Price/earnings ratio		historical	11,4	10,6	11,8	12,3	6,7	9,2	12,0	12,5	16,1
Price to book		times	1,6	1,3	1,3	1,4	1,1	1,8	2,1	1,8	1,7
Dividend yield		%	4,0	4,2	3,7	3,5	6,5	4,9	3,7	2,9	1,5
Earnings yield		%	8,8	9,4	8,5	8,1	14,9	10,9	8,3	8,0	6,2
Closing price/tangible net asset value		times	1,9	1,6	1,6	1,7	1,3	2,2	2,6	2,3	2,3
Performance ratios
Net interest income to interest-earning banking assets		%	3,53	3,48	3,36	3,39	3,66	3,94	3,94	3,55	3,18
Non-interest revenue to total income		%	46,8	46,1	44,3	42,2	39,9	42,5	46,3	49,8	53,1
Credit loss ratio – banking advances+		%	1,05	1,13	1,36	1,52	1,17	0,62	0,52	0,49	0,55
Non-interest revenue to total operating expenses		%	84,4	81,5	79,6	78,8	78,1	77,4	79,7	76,9	74,0
Efficiency ratio
Including BEE transaction expense		%	55,5	56,6	55,7	53,5	51,1	54,9	58,2	64,8	71,8
Excluding BEE transaction expense		%	55,3	56,0	55,2	53,1	50,4	54,2	57,5	62,5	71,8
Expenses to average assets		%	3,08	3,01	2,81	2,65	2,60	2,95	3,06	3,24	3,41
Effective taxation rate		%	26,8	25,2	20,7	20,2	21,6	26,3	27,8	23,4	24,2
Return on total assets+		%	1,13	0,99	0,82	0,76	1,09	1,30	1,14	0,93	0,54
Return on risk-weighted assets		%	2,09	1,86	1,51	1,31	1,62	1,76	1,60	1,40	0,82
ROE+		%	14,8	13,6	11,8	11,8	17,7	21,4	18,6	15,5	11,0
ROE (excluding goodwill)+		%	16,4	15,3	13,4	13,4	20,1	24,8	22,1	18,9	14,4
Assets and related ratios
Advances
Performing advances	11,2	Rm	518 763	487 310	461 687	435 085	427 815	372 376	308 581	250 609	221 711
Defaulted/impaired loans and advances***		Rm	19 273	23 210	26 765	27 045	17 301	9 909	7 743	4 304	7 490
Gross advances	11,3	Rm	538 036	510 520	488 452	462 130	445 116	382 285	316 324	254 913	229 201
Impairment of advances		Rm	(10 870)	(11 497)	(11 226)	(9 798)	(7 859)	(6 078)	(5 184)	(5 214)	(6 684)
Net advances		Rm	527 166	499 023	477 226	452 332	437 257	376 207	311 140	249 699	222 517
NPAs to gross advances		%	3,6	4,5	5,5	5,9	3,9	2,6	2,4	1,7	3,3
Impairment of advances to gross advances		%	2,0	2,3	2,3	2,1	1,8	1,6	1,6	2,0	2,9
Assets
Total assets on statement of financial position	9,6	Rm	682 979	648 127	608 718	570 703	567 023	488 856	424 912	352 258	327 840
Assets under management		Rm	150 495	112 231	102 570	87 204	84 381	85 438	86 212	63 925	60 369
Total assets administered by the group	10,0	Rm	833 474	760 358	711 288	657 907	651 404	574 294	511 124	416 183	388 209
Capital and related ratios
Total equity attributable to equity holders of the parent	14,4	Rm	53 950	48 946	44 101	39 649	34 913	30 193	25 116	22 490	18 337
Regulatory capital****
Tier 1		Rm	46 227	41 707	36 861	36 627	33 967	26 611	22 932	21 151	17 274
Total qualifying capital		Rm	53 483	50 884	47 372	47 538	44 120	37 421	32 683	29 099	25 663
Risk-weighted assets****		Rm	359 658	331 980	323 437	326 466	355 235	334 876	276 914	225 756	212 459
Group capital adequacy ratios****
Common equity Tier 1		%	11,4	11,0	10,1	9,9	8,2	7,2
Tier 1		%	12,9	12,6	11,7	11,5	9,6	8,2	8,3	9,4	8,1
Total		%	14,9	15,3	15,0	14,9	12,4	11,4	11,8	12,9	12,1
Employee statistics and ratios
Number of employees			28 748	28 494	27 525	27 037	27 570	26 522	24 034	22 188	21 103
Revenue per employee		R'000	1 106	987	859	798	801	846	788	713	665
Expenses per employee		R'000	714	664	603	558	498	509	495	497	518
Headline earnings per employee		R'000	261	217	158	158	209	223	185	143	83

*	Compound annual growth rate.
**	Represents amounts less than R1m.
***	The amounts for 2007 to 2012 represent defaulted advances, while those for 2004 to 2006 represent impaired advances.
****	Ratios and balances for 2012 were calculated according to Basel II.5 principles, 2007 to 2011 according to Basel II principles, while ratios and balances for prior years were calculated according to Basel I principles.
+	2009 to 2012 are calculated using a daily average denominator. 2004 to 2008 are calculated using simple average denominator.



	Return to top