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NEDBANK GROUP ANNUAL REPORT 2009

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER

  Notes 2009
Rm
 
2008
Rm
Interest and similar income  12  50 537  57 986
Interest expense and similar charges 13  34 231  41 816
       
Net interest income    16 306  16 170
Impairments charge on loans and charges 27.1  6 634  4 822
Income from lending activities    9 672  11 348
No-interest revenue    
Operating income    21 578  22 077
Total operating expenses   15 100  13 741
  Operating expenses 15  14 974  13 547
  BEE transaction expenses 15.1  126  194
Indirect taxation 16  438  374
Profit from operations before non-trading and capital items    6 040  7 962
Non-trading and capital items 17  624  756
Profit from operations    6 664  8 718
Share of profits of associates and joint ventures 30.2  55  154
Profit before direct taxation    6 719  8 872
Direct taxation 18.1  1 307  1 868
Profit for the year   5 412  7 004
Other comprehensive income net of taxation   (228)  255
  Exchange differences on translating foreign operations   (335)  242
  Fair-value adjustments on available-for-sale-assets   21  (71)
    Gains on property revaluations   86  84
       
Total comprehensive income for the year   5 184  7 259
Profit attributable to:        
Equity holders of the parent   4 826  6 410
Non-controlling interest - ordinary shareholders   242  257
  - preference shareholders   344  337
    5 412  7 004
Total comprehensive income attributable to:        
Equity holders of the parent   4 603  6 665
Non-controlling interest - ordinary shareholders   237  257
  - preference shareholders   344  337
Total comprehensive income for the year    5 184  7 259
Basic earnings per share (cents) 19.1  1 140  1 581
Diluted earnings per share (cents) 19.1  1 109  1 558
Dividend declared per share (cents) 20.1  440  620
Dividend paid per share (cents) 20.1  520  660