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 |
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Nedcor |
South Africa |
Rest of Africa |
Rest of world |
| Rm |
2004
|
2003*
|
2004
|
2003*
|
2004
|
2003*
|
2004
|
2003*
|
| Income statement |
|
|
|
|
|
|
|
|
| Net interest income |
7
567
|
6 808
|
6
995
|
6 322
|
301
|
163
|
271
|
323
|
| Non-interest revenue |
8
197
|
7 953
|
7
613
|
7 055
|
46
|
144
|
538
|
754
|
| Foreign currency |
|
|
|
|
|
|
|
|
| translation losses |
(372)
|
(1 416)
|
(372)
|
(1 416)
|
|
|
|
|
| Gross operating income |
15
392
|
13 345
|
14
236
|
11 961
|
347
|
307
|
809
|
1 077
|
| Impairment of advances |
1
416
|
2 063
|
1
352
|
2 033
|
35
|
6
|
29
|
24
|
| Income after impairment |
|
|
|
|
|
|
|
|
| of advances |
13
976
|
11 282
|
12
884
|
9 928
|
312
|
301
|
780
|
1 053
|
| Operating expenses |
11
041
|
10 305
|
10
215
|
9 408
|
266
|
167
|
560
|
730
|
| Fees to alliance |
|
|
|
|
|
|
|
|
| partners |
70
|
4
|
70
|
4
|
|
|
|
|
| Merger expenses |
246
|
394
|
246
|
394
|
|
|
|
|
| Recovery programme |
|
|
|
|
|
|
|
|
| expenses |
379
|
|
359
|
|
|
|
20
|
|
| Profit from operations |
2
240
|
579
|
1
994
|
122
|
46
|
134
|
200
|
323
|
| Attributable earnings |
|
|
|
|
|
|
|
|
| of associates and |
|
|
|
|
|
|
|
|
| joint ventures |
147
|
132
|
106
|
38
|
41
|
94
|
|
|
| Profit before taxation |
2
387
|
711
|
2
100
|
160
|
87
|
228
|
200
|
323
|
| Taxation |
576
|
390
|
541
|
337
|
27
|
24
|
8
|
29
|
| Profit/(Loss) after taxation |
1
811
|
321
|
1
559
|
(177)
|
60
|
204
|
192
|
294
|
| Minority interest income |
|
|
|
|
|
|
|
|
| attributable to: |
|
|
|
|
|
|
|
|
| Ordinary shareholders |
(135)
|
(133)
|
(114)
|
(112)
|
(11)
|
(6)
|
(10)
|
(15)
|
| Preference shareholders |
(229)
|
(133)
|
(229)
|
(133)
|
|
|
|
|
| Headline earnings |
1
447
|
55
|
1
216
|
(422)
|
49
|
198
|
182
|
279
|
| * |
|
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|
