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2004  Annual Report  
 
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Annual financial statements

Segmental analysis

for the year ended 31 December

 
 

 

   
 
2004 
2003* 
 
Total 
Total 
2004 
2003* 
2004 
2003* 
By
average 
average 
Operating 
Operating 
Headline 
Headline 
business/
assets 
assets 
income 
income 
earnings 
earnings 
operational
Rbn 
Rbn 
Rm 
 
Rm 
 
Rm 
 
Rm 
Nedbank Corporate
118 
108 
6 229 
5 715 
2 112 
1 841 
Imperial Bank
15 
10 
836 
786 
83 
116 
Nedbank Capital
61 
68 
2 440 
2 305 
878 
837 
Nedbank Retail
76 
73 
7 662 
7 145 
641 
455 
Shared Services
10 
11 
196 
(139)
(751)
(1 116)
Capital Management and Central Funding
39 
41 
(1 583)
(2 125)
(1 516)
(2 078)
Eliminations
(20)
(20)
(388)
(342)
 
 299 
291 
15 392 
 
13 345 
 
1 447 
 
55 
 
 
Operating 
Operating 
Headline 
Headline 
 
income 
income 
earnings 
earnings 
By geography
 
 
Rm 
 
Rm 
 
Rm 
 
Rm 
South Africa
14 236 
11 961 
1 216 
(422)
Business operations
14 236 
11 961 
2 242 
1 447 
Merger and recovery programme expenses**
 
 
(425)
(320)
Foreign currency translation losses
 
 
(372)
(1 416)
Minority interest income attributable to preference shareholders
 
 
(229)
(133)
Rest of Africa
347 
307 
49 
198 
Rest of world
809 
1 077 
182 
279 
Business operations
809 
1 077 
196 
279 
Merger and recovery programme expenses**        
(14)
   
 
 
 
 
15 392 
 
13 345 
 
1 447 
 
55 
* Restated as per note 3.
** Includes tax effect.