GEOGRAPHICAL SEGMENTAL REPORTING

FOR THE YEAR ENDED 31 DECEMBER

   Nedbank Group      South Africa      Rest of Africa Rest of  world
  2008   2007   2008   2007   2008   2007      2008   2007
Balance sheet (Rm)                              
Assets                              
Cash and cash equivalents 18 674   18 708   15 376   16 856   1 670   1 274   1 628   578
Other short-term securities 18 589   25 793   9 596   17 547   764   576   8 229   7 670
Derivative financial instruments 22 321   9 047   21 353   8 793   72   2   896   252
Government and other securities 42 138   29 637   39 789   28 232   116   104   2 233   1 301
Loans and advances 434 233   373 956   409 369   354 227   5 897   7 128   18 967   12 601
Other assets 31 068   31 715   27 547   28 784   542   505   2 979   2 426
Intergroup assets –   –   (9 468)   (1 600)   1 502   415   7 966   1 185
Total assets 567 023   488 856   513 562   452 839   10 563   10 004   42 898   26 013
Equity and liabilities                  
Total equity 40 073   35 125   34 648   30 515   1 123   944   4 302   3 666
Derivative financial instruments 23 737   11 432   22 607   11 248   68   2   1 062   182
Amounts owed to depositors 466 890   384 541   431 906   362 745   8 298   7 091   26 686   14 705
Provisions and other liabilities 22 262   45 432   21 378   44 733   403   358   481   341
Intergroup liabilities –   –   (10 866)   (8 602)   669   1 608   10 197   6 994
Long-term debt instruments 14 061   12 326   13 889   12 200   2   1   170   125
Total equity and liabilities 567 023   488 856   513 562   452 839   10 563   10 004   42 898   26 013
Income statement (Rm)                  
Net interest income 16 170   14 146   15 182   13 336   516   441   472   369
Impairments charge on loans and advances 4 822   2 164   4 696   2 087   33   17   93   60
Income from lending activities 11 348   11 982   10 486   11 249   483   424   379   309
Non-interest revenue 10 729   10 446   10 018   9 775   281   245   430   426
Operating income 22 077   22 428   20 504   21 024   764   669   809   735
Total operating expenses 13 741   13 489   12 688   12 538   472   461   581   490
   – Operating expenses 13 547   13 341   12 497   12 393   469   458   581   490
   – BEE transaction expenses 194   148   191   145   3   3        
Indirect taxation 374   305   358   298   10   3   6   4
Profit from operations 7 962   8 634   7 458   8 188   282   205   222   241
Share of profits of associates and joint ventures 154   239   154   238       1        
Profit before direct taxation 8 116   8 873   7 612   8 426   282   206   222   241
Direct taxation 1 757   2 336   1 665   2 247   84   57   8   32
Profit after taxation 6 359   6 537   5 947   6 179   198   149   214   209
Profit attributable to minority interest                              
   – ordinary shareholders 257   344   202   284   16   33   39   27
   – preference shareholders 337   272   337   272                
Headline earnings 5 765   5 921   5 408   5 623   182   116   175   182