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NEDBANK GROUP ANNUAL REPORT 2009

CONSOLIDATED CURRENCY-ADJUSTED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER

 

Millions

 2009
ZAR 		 2008
ZAR		 2009
USD		 2008
SDU		 2009
GBP		 2008
GBP		 2009
EUR		 2008
URE
Interest and similar income 50 537 57 986 6 080 7 022 3 907 3 856 4 387 4 807
Interest expense and similar charges 34 231 41 816 4 118 5 064 2 646 2 781 2 971 3 467
Net interest income 16 306 16 170 1 962 1 958 1 261 1 075 1 075 1 340
Impairments charge on loans and advances 6 634 4 822 798 584 513 321 576 400
Income from lending activities 9 672 11 348 1 164 1 374 748 754 840 940
Non-interest revenue 11 906 10 729  1 432 1 299 920 713 1 033 889
Operating income 21 578 22 077 2 596 2 673 1 668 1 467 1 873 1 829
Total operating expenses 15 100 13 741 1 816 1 664 1 167 913 1 311 1 138
  Operating expenses 14 974 13 547 1 801 1 641 1 157 900 1 300 1 122
  BEE transaction expenses 126 194 15 23 10 13 11 16
Indirect taxation 438 374  53 45 34 25 38 31
Profit from operations before non-trading and capital items 6 040 7 962 727 964 467 529 524 660
Non-trading and capital items 624 756 75 92 48 50 54 63
Profit from operations 6 664 8 718 802 1 056 515 579 578 723
Share of profits of associates and joint ventures 55 154  7 19 4 10 5 13
Profit before direct taxation 6 719 8 872   809 1 075 519 589 583 736
Direct taxation 1 307 1 868 158 226 100 124 114 155
Profit for the year 5 412 7 004 651 849 419 465 469 581
Non-controlling interest attributable to ordinary shareholders 242 257  29 31 19 17 21 21
Non-controlling interest attributable to preference shareholders 344 337  41 41 27 22 30 28
Profit attributable to equity holders of the parent 4 826 6 410 581 777 373 426 418 532
Less: non-trading and capital items 549 645 66 79 42 43 47 54
  Non-trading and capital items 624 756 75 92 48 50 54 63
  Tax on non-trading and capital items (75) (111)  (9) (13) (6) (7) (7) (9)
 
Headline earnings 4 277 5 765  515 698 331 383 371 478
Average exchange rate at 31 December for R1 1 1 0,1203 0,1211 0,0773 0,0665 0,0868 0,0829
The has been translated into other currencies at the averages statement of comprehensive income reported in South African rand exchange rates for the year. Refer to note 48.