 |
|
|
|
|
|
|
|
| |
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Audited
|
Audited
|
| |
|
at 30 Jun
|
at 30 Jun
|
at 30 Jun
|
at 30 Jun
|
at 31 Dec
|
at 31 Dec
|
| |
%
|
2003
|
2003
|
2002
|
2002
|
2002
|
2002
|
| |
change
|
Pre Ac133
|
incl BoE
|
Actual
|
Actual
|
Actual
|
incl BoE
|
|
Rand income statement
|
Pro forma
|
Rm
|
Rm
|
Rm
|
Rm
|
Rm
|
Rm
|
| Interest income |
24
|
14 669
|
11 854
|
14 669 |
9 575 |
23 822 |
26 594 |
|
Interest expense
|
32
|
11 367
|
8 617
|
11 180
|
6 718
|
17 522
|
19 907
|
| Net interest income |
2
|
3 312
|
3 237
|
3 489 |
2 857 |
6 300 |
6 687 |
| Non-interest revenue |
(5) |
3 876 |
4 081 |
4 239 |
2 690 |
6 929 |
8 322 |
| Foreign exchange translation
|
|
|
|
|
|
|
|
|
(losses)/gains
|
|
(451)
|
(350)
|
(735)
|
(436)
|
(1 011)
|
(926)
|
| Total income |
(3) |
6 737 |
6 968 |
6 993 |
5 111 |
12 218 |
14 083 |
Impairment of advances
|
|
|
891 |
|
|
|
|
| Specific and general |
|
|
|
|
|
|
|
| provisions raised |
(14) |
795 |
921 |
|
560 |
1 778 |
2 147 |
Exceptional general
|
|
|
|
|
|
|
|
|
provision (reversed)/raised
|
|
|
(400)
|
|
(400)
|
(400)
|
(400)
|
Income after specific and
|
|
|
|
|
|
|
|
| general provisions |
(8) |
5 942 |
6 447 |
6 102 |
4 951 |
10 840 |
12 336 |
| Operating expenses |
7
|
4 562
|
4 282
|
4 562 |
2 962 |
7 334 |
8 655 |
Merger and reorganisation
|
|
|
|
|
|
|
|
|
expenses
|
|
134
|
134
|
|
|
193
|
169
|
Profit from operations before
|
|
|
|
|
|
|
|
| exceptional capital items |
(42) |
1 246 |
2 165 |
1 406 |
1 989 |
3 313 |
3 512 |
| Exceptional capital items |
|
(361) |
(1569) |
(309) |
(926) |
(1 793) |
(2 437) |
Net capital loss on investment
|
|
|
|
|
|
|
|
| in Dimension Data |
|
(136) |
(830) |
(84) |
(830) |
(1 080) |
(1 080) |
Amortisation and impairment
of goodwill
|
|
(209) |
(211) |
(209) |
(96) |
(501) |
(617) |
Loss on sale of
|
|
|
|
|
|
|
|
| investments and operations |
|
(16) |
(524) |
(16) |
|
(58) |
(588) |
Merger and
|
|
|
|
|
|
|
|
| reorganisation costs |
|
|
|
|
|
(35) |
(35) |
Impairment of investments
|
|
|
|
|
|
|
|
| and of property and equipment |
|
|
(4) |
|
|
(119) |
(117) |
| |
|
|
|
|
|
|
|
| Profit from operations |
|
885 |
596 |
1 097 |
1 063 |
1 520 |
1 075 |
Attributable earnings
|
|
|
|
|
|
|
|
|
of associates
|
(25)
|
70
|
93
|
70
|
92
|
162
|
162
|
| Profit before taxation |
|
955 |
689 |
1 167 |
1 155 |
1 682 |
1 237 |
| Taxation |
9 |
467 |
430 |
592 |
404 |
580 |
606 |
Taxation: Merger and
|
|
|
|
|
|
|
|
| reorganisation costs |
|
|
|
|
|
(23) |
|
Taxation: Exceptional
|
|
|
|
|
|
|
|
|
capital items
|
|
|
(298)
|
|
(140)
|
(192)
|
(350)
|
| Profit after taxation |
|
488 |
557 |
575 |
891 |
1 317 |
981 |
Minority interest attributable
|
|
|
|
|
|
|
|
| to ordinary shareholders |
18 |
97 |
82 |
90 |
153 |
333 |
241 |
Minority interest attributable
|
|
|
|
|
|
|
|
|
to preference shareholders
|
|
133
|
|
|
|
|
|
|
Net profit for the year
|
(46)
|
258
|
475
|
352
|
738
|
984
|
740
|
| |
|
|
|
|
|
|
|
| |
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Audited
|
Audited
|
| |
|
at 30 Jun
|
at 30 Jun
|
at 30 Jun
|
at 30 Jun
|
at 31 Dec
|
at 31 Dec
|
| |
|
2003
|
2002
|
2003
|
2002
|
2002
|
2001
|
| |
%
|
Pre Ac133
|
incl BoE
|
Actual
|
Actual
|
Actual
|
incl BoE
|
|
Dollar income statement
|
change
|
US$m
|
US$m
|
US$m
|
US$m
|
US$m
|
US$m
|
| Interest income |
68 |
1 948 |
1 158 |
1 948 |
936 |
2 770 |
3 092 |
|
Interest expense
|
79
|
1
508
|
842
|
1
485
|
656
|
2 037
|
2 315
|
| Net interest income |
39 |
440 |
316 |
463 |
280 |
733 |
777 |
| Non-interest revenue |
29 |
515 |
399 |
563 |
263 |
806 |
968 |
Foreign exchange translation
|
|
|
|
|
|
|
|
|
(losses)/gains
|
|
(60)
|
(34)
|
(98)
|
(43)
|
(118)
|
(108)
|
| Total income |
31 |
895 |
681 |
928 |
500 |
1 421 |
1 637 |
Specific and general
|
|
|
|
118 |
|
|
|
| provisions raised |
18 |
106 |
90 |
|
55 |
207 |
250 |
Exceptional general
|
|
|
|
|
|
|
|
|
provision (reversed)/raised
|
|
|
(39)
|
|
(39)
|
(47)
|
(47)
|
| Income after specific and |
|
|
|
|
|
|
|
| general provisions |
25 |
789 |
630 |
810 |
484 |
1 261 |
1 434 |
| Operating expenses |
45 |
606 |
418 |
606 |
289 |
853 |
1 006 |
| Merger and reorganisation |
|
|
|
|
|
|
|
|
expenses
|
|
18
|
|
18
|
|
22
|
20
|
| Profit from operations before
exceptional |
|
|
|
|
|
|
|
| capital items |
(22) |
165 |
212 |
186 |
195 |
386 |
408 |
| Exceptional capital items |
|
(48) |
(153) |
(41) |
(90) |
(209) |
(284) |
| Net capital loss on |
|
|
|
|
|
|
|
| investment in Dimension |
|
|
|
|
|
|
|
| Data |
|
(18) |
(81) |
(11) |
(81) |
(126) |
(126) |
| Amortisation and |
|
|
|
|
|
|
|
| impairment of goodwill |
|
(28) |
(21) |
(28) |
(9) |
(58) |
(72) |
| Loss on sale of investments
|
|
|
|
|
|
|
|
| and operations |
|
(2) |
(51) |
(2) |
|
(7) |
(68) |
| Merger and |
|
|
|
|
|
|
|
| reorganisation costs |
|
|
|
|
|
(4) |
(4) |
| Impairment of investments |
|
|
|
|
|
|
|
| and of property and |
|
|
|
|
|
|
|
| equipment |
|
|
|
|
|
(14) |
(14) |
| |
|
|
|
|
|
|
|
| Profit from operations |
|
117 |
59 |
145 |
105 |
177 |
124 |
| Attributable earnings |
|
|
|
|
|
|
|
|
of associates
|
–
|
9
|
9
|
9
|
9
|
19
|
19
|
| Profit before taxation |
|
126 |
68 |
154 |
114 |
196 |
143 |
| Taxation |
48 |
62 |
42 |
79 |
39 |
67 |
70 |
| Taxation: Merger and |
|
|
|
|
|
|
|
| reorganisation costs |
|
|
|
|
|
(3) |
|
| Taxation: Exceptional |
|
|
|
|
|
|
|
|
capital items
|
|
|
(29)
|
|
(14)
|
(22)
|
(41)
|
| Profit after taxation |
|
64 |
55 |
75 |
89 |
154 |
114 |
| Minority interest |
|
|
|
|
|
|
|
| attributable to ordinary |
|
|
|
|
|
|
|
| shareholders |
63 |
13 |
8 |
12 |
15 |
39 |
28 |
Minority interest
|
|
|
|
|
|
|
|
attributable to preference
|
|
|
|
|
|
|
|
|
shareholders
|
–
|
18
|
|
18
|
|
|
|
|
Net profit
for the year
|
(30)
|
33
|
47
|
45 |
74
|
115
|
86
|
| Exchange
rate at spot
|
|
7,530
|
10,235
|
7,530
|
10,235
|
8,600
|
8,600
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
