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NEDBANK GROUP ANNUAL REPORT 2009

GEOGRAPHIC SEGMENTAL REPORTING
FOR THE YEAR ENDED 31 DECEMBER

  Nedbank Group South Africa Rest of Africa Rest of world
STATEMENT OF FINANCIAL POSITION (Rm) 2009 2008 2009 2008 2009 2008 2009 2008
Assets                
Cash and cash equivalents 18 375 18 674 14 536 15 376 1 224 1 670 2 615 1 628
Other short-term securities 18 550 18 589 13 847 9 596 949 764 3 754 8 229
Derivative financial instruments 12 710 22 321 12 402 21 353 79 72 229 896
Government and other securities 35 983 42 138 33 929 39 789 95 116 1 959 2 233
Loans and advances 450 301 434 233 425 133 409 369 7 820 5 897 17 348 18 967
Other assets 34 784 31 068 31 617 27 547 691 542 2 476 2 979
Intergroup assets – – (9 950) (9 468) 1 639 1 502 8 311 7 966
Total assets 570 703 567 023 521 514 513 562 12 497 10 563 36 692 42 898
Equity and liabilities                
Total equity 44 984 40 073 40 115 34 648 1 446 1 123 3 423 4 302
Derivative financial instruments 11 551 23 737 11 226 22 607 76 68 249 1 062
Amounts owed to depositors 469 355 466 890 435 956 431 906 9 995 8 298 23 404 26 686
Provisions and other liabilities 24 729 22 262 23 676 21 378 378 403 675 481
Intergroup liabilities – – (9 541) (10 866) 600 669 8 941 10 197
Long-term debt instruments 20 084 14 061 20 082 13 889 2 2   170
Total equity and liabilities 570 703 567 023 521 514 513 562 12 497 10 563 36 692 42 898
STATEMENT OF COMPREHENSIVE INCOME (Rm)                  
Net interest income 16 306 16 170 15 440 15 182 519 516 347 472
Impairments charge on loans and advances 6 634 4 822 6 360 4 696 34 33 240 93
Income from lending activities 9 672 11 348 9 080 10 486 485 483 107 379
Non-interest revenue 11 906 10 729 10 787 10 018 375 281 744 430
Operating income 21 578 22 077 19 867 20 504 860 764 851 809
Total operating expenses 15 100 13 741 14 066 12 688 524 472 510 581
  Operating expenses 14 974 13 547 13 947 12 497 517 469 510 581
  BEE transaction expenses 126 194 119 1917   3    
Indirect taxation 438 374 423 358 11 10 4 6
Profit from operations 6 040 7 962 5 378 7 458 325 282 337 222
Share of profits of associates and joint ventures 55 154 55 154        
Profit before direct taxation 6 095 8 116 5 433 7 612 325 282 337 222
Direct taxation 1 232 1 757 1 080 1 665 94 84 58 8
Profit after direct taxation 4 863 6 359 4 353 5 947 231 198 279 214
Profit attributable to non-controlling interest:                
– ordinary shareholders 242 257 209 202 18 16 15 39
– preference shareholders 344 337 344 337        
Headline earnings 4 277 5 765 3 800 5 408 213 182 264 175