|
|
| Six-year
financial review – June |
| |
|
Core
(excluding translation (losses)/gains
and exceptional items) |
 |
|
|
|
|
|
|
|
| Translation gains and |
|
|
|
|
|
|
|
| exceptional items |
CAGR |
2003 |
2002 |
2001 |
2000 |
1999 |
1998 |
| Exceptional capital items |
|
345 |
926 |
3 515 |
1 |
(193) |
– |
| Taxation on exceptional
capital items |
|
|
(140) |
– |
– |
(83) |
– |
| Income
statement effect: headline earnings |
|
345 |
786 |
3 515 |
1 |
(276) |
– |
| Foreign exchange translation
losses/(gains) |
|
451 |
436 |
(168) |
(128) |
– |
(27) |
| Exceptional general risk |
|
|
|
|
|
|
|
| provision (reversed)/raised |
|
|
(400) |
– |
– |
– |
– |
| Merger and reorganisation
expenses |
|
134 |
– |
– |
– |
– |
– |
| Income statement effect:core
earnings |
|
930 |
822 |
3 347 |
(127) |
(276) |
(27) |
|
Key balance sheet items |
|
|
|
|
|
|
|
| Share capital (Rm) |
|
271 |
243 |
241 |
240 |
235 |
231 |
| Shareholders' funds (Rm) |
18 |
18 099 |
16 593 |
13 601 |
11 184 |
9 862 |
8 006 |
| Deposit, current and other |
|
|
|
|
|
|
|
| accounts (Rm) |
24 |
280 904 |
178 224 |
157 141 |
119 170 |
115 537 |
95 877 |
| Total assets (Rm) |
25 |
315 703 |
200 701 |
173 012 |
131 914 |
126 817 |
105 436 |
| Cash and short-term |
|
|
|
|
|
|
|
| funds (Rm) |
9 |
9 401 |
15 221 |
14 699 |
4 084 |
2 963 |
5 973 |
| Advances and other |
|
|
|
|
|
|
|
| accounts (Rm) |
23 |
246 162 |
153 413 |
135 079 |
105 276 |
100 057 |
86 874 |
| Acceptances (Rm) |
|
822 |
1 070 |
736 |
838 |
846 |
1 198 |
| Specific provisions for bad |
|
|
|
|
|
|
|
| and doubtful debts (Rm) |
|
5 931 |
3 436 |
3 428 |
1 611 |
1 802 |
1 309 |
| General provision (Rm) |
|
1 164 |
1 255 |
1 080 |
899 |
651 |
469 |
| Specific and general |
|
|
|
|
|
|
|
| provision (Rm) |
|
7 095 |
4 691 |
4 508 |
2 510 |
2 453 |
1 778 |
| Key income statement
items |
|
|
|
|
|
|
|
| Total income (Rm) |
16 |
6 992 |
5 111 |
4 913 |
4 291 |
3 815 |
3 371 |
| Specific and general risk |
|
|
|
|
|
|
|
| provisions (Rm) |
19 |
891 |
560 |
494 |
484 |
501 |
378 |
| Net income before |
|
|
|
|
|
|
|
| exceptional items (Rm) |
7 |
1 407 |
1 989 |
1 869 |
1 572 |
1 251 |
1 026 |
| Core earnings (Rm) |
16 |
1 530 |
1 560 |
1 317 |
1 103 |
969 |
732 |
| Income attributable to |
|
|
|
|
|
|
|
| shareholders (Rm) |
(14) |
352 |
740 |
(2 030) |
1 230 |
969 |
759 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| June |
CAGR §
|
2003 |
2002 |
2001 |
2000 |
1999 |
1998 |
| |
|
|
|
|
|
|
|
| Share statistics |
|
|
|
|
|
|
|
| Weighted average |
|
|
|
|
|
|
|
| number of fully paid |
|
|
|
|
|
|
|
| shares in issue (millions) |
|
271 |
242 |
239 |
235 |
231 |
226 |
| Core earnings |
|
|
|
|
|
|
|
| per share (cents) |
12 |
565 |
645 |
549 |
506 |
415 |
318 |
| Earnings per share (cents) |
(17) |
130 |
306 |
(846) |
506 |
415 |
318 |
| Dividends per share (cents) |
|
205 |
205 |
190 |
160 |
128 |
103 |
| Dividend cover (times) |
|
2,8 |
3,1 |
2,9 |
2,9 |
3,2 |
3,1 |
| Net asset value per share |
|
|
|
|
|
|
|
| at book value (cents) |
9 |
5 398 |
6 105 |
5 316 |
4 520 |
4 194 |
3 469 |
| Share price (cents) |
(7) |
8 950 |
11 700 |
15 800 |
12 240 |
13 600 |
12 700 |
| Market capitalisation (Rbn) |
1 |
24,6 |
28,9 |
38,5 |
34,1 |
32,0 |
29,3 |
| Selected returns and ratios |
|
|
|
|
|
|
|
| Return on average |
|
|
|
|
|
|
|
| shareholders' funds (%) |
|
18,5 |
21,4 |
19,2 |
21,8 |
20,6 |
19,4 |
| Return on average |
|
|
|
|
|
|
|
| total assets (%) |
|
1,20 |
1,73 |
1,70 |
1,77 |
1,60 |
1,43 |
| Return on risk weighted – |
|
|
|
|
|
|
|
| assets |
|
1,58 |
1,89 |
2,04 |
2,21 |
2,11 |
1,87 |
| Net interest income |
|
|
|
|
|
|
|
| to interest earning |
|
|
|
|
|
|
|
| assets** (%) |
|
2,59 |
3,05 |
3,36 |
3,66 |
3,72 |
3,69 |
| Non-interest revenue to |
|
|
|
|
|
|
|
| total income (%) |
|
54,9 |
48,5 |
45,1 |
45,2 |
42,9 |
45,2 |
| Efficiency ratio (%) |
|
59,0 |
53,4 |
53,7 |
53,7 |
54,1 |
58,8 |
| Capital adequacy |
|
|
|
|
|
|
|
| Primary capital to risk |
|
|
|
|
|
|
|
| – weighted assets (%) |
|
6,3 |
9,0 |
9,5 |
10,5 |
9,2 |
7,7 |
| Total capital to risk |
|
|
|
|
|
|
|
| – weighted assets (%) |
|
10,1 |
11,2 |
11,1 |
12,0 |
11,0 |
11,0 |
| Employees |
|
24
178 |
18 927 |
18 914 |
833 |
17 017‡ |
18 909 |
| Rand/US$ exchange rate |
|
7
530 |
10,235 |
8,070 |
6,840 |
6,020 |
5,950 |
| |
|
|
|
|
|
|
|
|
‡ Has
been restated to include all employees based on contractual
obligations
|
|
|
|
| |
|
|
|
|
|
|
|
|
| This
page was updated on
31 July, 2003
|
| Printed from http:///book_index.asp?bookmark= Copyright © 2003 Nedcor Limited | |
|
|
