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NEDBANK GROUP ANNUAL REPORT 2009

CONSOLIDATED CURRENCY-ADJUSTED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 DECEMBER

  2009  2008 2009 2008 2009 2008 2009 2008

Millions

 ZAR  ZAR USD USD GBP BPG EUR EUR
ASSETS                
Cash and cash equivalents 7 867 8 609 1 066 918 661 633 740 652
Other short-term securities 18 550 18 589 2 514 1 983 1 558 1 366 1 746 1 407
Derivative financial instruments 12 710 22 321 1 722 2 382 1 068 1 641 1 196 1 690
Government and other securities 35 983 42 138 4 876 4 496 3 022 3 097 3 386 3 190
Loans and advances 450 301 434 233 61 016 46 333 37 825 31 916 42 373 32 871
Other assets 5 455 6 084  739 649 458 447 513 461
Clients’ indebtedness for acceptances 2 031 3 024  275 323 171 222 191 229
Current taxation receivable 602 346 81 37 50 25 57 26
Investment securities 11 025 8 455 1 494 902 926 621 1 037 640
Non-current assets held for sale 12 10  2 1 1 1 1 1
Investments in associate companies and joint ventures 924 1 167  125 125 78 86 87 88
Deferred taxation asset 282 200 38 21 24 15 27 15
Investment property 211 213  28 23 18 16 20 16
Property and equipment 4 967 4 327  673 462 417 318 467 327
Long-term employee benefit assets 1 860 1 741 252 186 156 128 175 132
Mandatory reserve deposits with central bank 10 508 10 065 1 424 1 074 883 740 989 762
Intangible assets 7 415 5 501  1 005 586 623 404 698 417
Total assets 570 703 567 023 77 330 60 501 47 939 41 676 53 703 42 924
EQUITY AND LIABILITIES                
Ordinary share capital 436 410  59 44 37 30 41 31
Ordinary share premium 13 728 11 370 1 860 1 213 1 153 836 1 292 861
Reserves 25 485 23 133 3 453 2 468 2 141 1 700 2 398 1 751
Total equity attributable to equity holders of the parent 39 649 34 913 5 372 3 725 3 331 2 566 3 731 2 643
Non-controlling interest attributable to:                
  – ordinary shareholders 1 849 1 881 251 201 155 138 174 143
  – preference shareholders 3 486 3 279 472 350 293 241 328 248
Total equity 44 984 40 073 6 095 4 276 3 779 2 945 4 233 3 034
Derivative financial instruments 11 551 23 737 1 565 2 533 970 1 745 1 087 1 797
Amounts owed to depositors 469 355 466 890 63 598 49 817 39 426 34 316 44 166 35 344
Provisions and other liabilities 11 252 9 829 1 525 1 049 945 722 1 059 744
Liabilities under acceptances 2 031 3 024 275 323 171 222 191 229
Current taxation liabilities 315 235 43 25 26 17 30 18
Deferred taxation liabilities 1 945 2 100 264 224 163 154 183 159
Long-term employee benefit liabilities 1 304 1 231 177 131 110 91 123 93
Investment contract liabilities 6 749 5 843 914 623 567 430 635 442
Insurance contract liabilities 1 133     153   95   106  
Long-term debt instruments 20 084 14 061  2 721 1 500 1 687 1 034 1 890 1 064
Total liabilities 525 719 526 950 71 235 56 225 44 160 38 731 49 470 39 890
Total equity and liabilities 570 703 567 023 77 330 60 501 47 939 41 676 53 703 42 924
Guarantees on behalf of clients 28 161 25 226 3 816 2 692 2 366 1 854 2 650 1 910
Exchange rate at 31 December for R1 1 1 0,1355 0,1067 0,0840 0,0735 0,0941 0,0757
The statement of financial position reported in South African rands has been translated into other currencies at the closing exchange rate at 31 December. Refer to note 48