Commentary & highlights
 Financial statements
 Selected return ratios
 Key income statement
 Key balance sheet
 Capital adequacy
 Employees
 Historical review
 Ratings & comparison
 Market share analysis

 

 
Segmental analysis
 
Notes
     
30 June 2003
30 June 2002
   
%  
Pre AC133
Including BoE
   
change  
Rm 
% 
Rm
% 
Nedbank Corporate  
(20) 
1 396 
116 
1 745 
103 
Banking Business  
19  

903 

75 

758 

75 
– Corporate Banking  
(8) 
358 
30 
388 

23 
– Business Banking  
61  
339 
28 
210 

12 
– Property Finance  
6  
142 
12 
134 

8 
– Imperial Bank  
146  
64 
5 
26 

2 
Investment Bank  
(54) 
124 
10 
272 

16 
– Capital markets  
(53) 
109 
9 
234 

14 
– Corporate Finance  
(74) 
9 
1 
35 

2 
– ENF  
100  
6 
 
3 

 
Treasury  
(55) 
291 
24 
643 
38 
International  
8  
78 
6 
72 

4 
– Africa  
2  
61 
5 
60 

3 
– Asia & Europe  
42  
17 
2 
12 
1 
Peoples Bank  
(41) 
82 
7 
139 
8 
Retail and Wealth Management  
23  
284 
24 
231 
14 
Retail Banking  
98  

218 

18 

110 

6 
Wealth Management  

(54) 
45 
4 
97 

6 
Gerrard Private Bank  
(13) 
21 
2 
24 
1 
T & O Investments  
56  
(7)
(1)
(16)
(1)
BoE Funding  
(2) 
(266)
(22)
(261)
(15)
Shared services, funding and  
group operations  
 101  
(285)
(24)
(142)
(8)
Core earnings  
(29) 
1 204 
100 
1 696 
100 
Adjusted for Non-Core items  
(585)
50 
Headline earnings  

(65) 

619 

 

1 746 

 
By geography  

 

 

 

 

 
South Africa  
(20) 
944 
78 
1 179 
70 
Rest of Africa  
(30) 
67 
6 
96 
6 
Rest of the world  
(54) 
193 
16 
421 
25 
Core earnings  
(29) 
>1 204 
100 
1 696 
100 
   
 
30 June 2003
30 June 2002
31 Dec 2002
 
Actual
Actual
 
Rm  
%  
Rm
% 
Rm 
% 
Nedbank Corporate
1 801  
118 
1 391 
89 
2 786 
83 
Banking Business
950  

62 

684 

44 

1 297 

39 
– Corporate Banking
346  
23 
25 
745 

22 
– Business Banking
384  
25 
195 
13 
182 

5 
– Property Finance
158  
10 
74 
5 
298 

9 
– Imperial Bank
62  
4 
26 
2 
72 

2 
Investment Bank
(71) 
(5)
177 
11 
407 

12 
– Capital markets
(86) 
(6)
168 
11 
363 

11 
– Corporate Finance
9  
1 
6 
36 

1 
– ENF
6  
3 
 
8 

 
Treasury
826  
54 
458 
29 
943 

28 
International
96  
6 
72 
5 
139 

4 
– Africa
61  
4 
60 
4 
125 

4 
– Asia & Europe
35  
2 
12 
1 
14 
 
Peoples Bank
80  
5 
118 
8 
272 
8 
Retail and Wealth Management
259  
17 
228 
15 
597 
18 
Retail Banking
197  
13 
183 
12 
423 
13 
Wealth Management
41  
3 
21 
1 
118 

4 
Gerrard Private Bank
21  
1 
24 
2 
56 
2 
T & O Investments
(7) 
  
(16)
(1)
(32)
(1)
BoE Funding
(266) 
(17)
(254)
(8)
Shared services, funding and
group operations
 (337) 
(22)
(161)
(10)
(3)
Core earnings
1 530  
100 
1 560 
100 
3 366 
100 
Adjusted for Non-Core items
(869) 
(36)
(781)
Headline earnings
661  
 
1 524 
 
2 585 
 
By geography
South Africa
 1 252  
82 
1 286 
82 
2 830 
84 
Rest of Africa
67  
4 
90 
6 
272 
8 
Rest of the world
211  
14 
184 
12 
264 
8 
Core earnings
1 530  
100 
1 560 
100 
3 366 
100 
 
The segmental analysis is primarily based on management operating reports and ignores boundaries of the legal entities. Comparative figures are restated, where necessary, to afford a proper comparison. Capital is allocated to segments based on the related risk-weighted assets in terms of the Banks Act classifications and weightings. The aspects of capital allocation and transfer pricing of support costs between segments are under regular review.
             
This page was updated on 31 July, 2003
Printed from http:///book_index.asp?bookmark= Copyright © 2003 Nedcor Limited

 
  
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