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Economic sustainability
2010 PERFORMANCE HIGHLIGHTS
| % change 2009 – 2010 |
2010 | 2009 | 2008 | |||
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| ECONOMIC | ||||||
| Headline earnings | Rm | 14,6 | 4 900 | 4 277 | 5 765 | |
| Income attributable to shareholders | Rm | (0,3) | 4 811 | 4 826 | 6 410 | |
| Diluted earnings per share: | ||||||
| – Headline | cents | 8,7 | 1 069 | 983 | 1 401 | |
| – Basic | cents | (5,3) | 1 050 | 1 109 | 1 558 | |
| Dividend declared per share | cents | 9,1 | 480 | 440 | 620 | |
| Dividend cover | times | 2,30 | 2,30 | 2,29 | ||
| Net asset value | Rm | 6,3 | 47 814 | 44 984 | 40 073 | |
| Tangible net asset value per share | cents | 10,3 | 8 160 | 7 398 | 7 179 | |
| Net interest income to average interest-earning banking assets | % | 3,35 | 3,39 | 3,66 | ||
| Credit loss ratio – banking advances* | % | 1,36 | 1,52 | 1,17 | ||
| Non-interest revenue (NIR) to total income | % | 44,3 | 42,2 | 39,9 | ||
| NIR to total operating expenses | % | 79,6 | 78,8 | 78,1 | ||
| Efficiency ratio | % | 55,7 | 53,5 | 51,1 | ||
| Group capital adequacy ratios: Basel II (including unappropriated profits) | ||||||
| – Core Tier 1 | % | 10,1 | 9,9 | 8,2 | ||
| – Tier 1 | % | 11,7 | 11,5 | 9,6 | ||
| – Total | % | 15,0 | 14,9 | 12,4 | ||
| Average interest-earning banking assets | Rm | 3,0 | 495 930 | 481 378 | 441 713 | |
| Total assets under administration** | Rm | 7,1 | 711 288 | 657 907 | 644 250 | |
| Total assets | Rm | 6,7 | 608 718 | 570 703 | 567 023 | |
| Assets under management** | Rm | 9,6 | 102 570 | 87 204 | 77 227 | |
| Return on total assets (ROA)* | % | 0,82 | 0,76 | 1,09 | ||
| Return on shareholders’ equity (ROE) (excluding goodwill)* | % | 13,4 | 13,4 | 20,1 | ||
| ROE* | % | 11,8 | 11,8 | 17,7 | ||
| Economic (loss)/profit* | Rm | (289) | 57 | 1 790 | ||
| Life assurance embedded value | Rm | 29,7 | 1 031 | 795 | 566 | |
| Life assurance value of new business | Rm | 57,8 | 295 | 187 | 121 | |
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| HEADLINE EARNINGS RECONCILIATION | 2010 | 2009 | 2008 | |||
| Income attributable to shareholders | Rm | 4 811 | 4 826 | 6 410 | ||
| Non-headline earnings items: | Rm | (89) | 549 | 645 | ||
| – Non-trading and capital items | Rm | (91) | 624 | 756 | ||
| – Taxation on non-trading and capital items | Rm | 2 | (75) | (111) | ||
| Headline earnings | Rm | 4 900 | 4 277 | 5 765 | ||
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| ENVIRONMENTAL | ||||||
| Residual carbon emissions following reduction initiatives but including expanding scope and boundary of carbon footprint calculations |
tCO2e*** | 0,16 | 213 428 | 213 081 | 135 469 | |
| Offset through carbon emission reduction projects allowing buffer | tCO2e*** | 220 000 | 220 000 | – | ||
| Carbon status | tCO2e*** | Neutral | Neutral | 135 469 | ||
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| SOCIAL | ||||||
| Socioeconomic development spend | Rm | 9,6 | 80 | 73 | 67 | |
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| CULTURAL | ||||||
| Headline earnings per employee | R’000 | 12,7 | 178 | 158 | 209 | |
* 2010 and 2009 are calculated using a daily-average denominator. 2008 is calculated using a simple-average denominator.
** Restated 2009 and 2008.
*** tCO2e = tonnes of CO2 equivalent.
| This page was updated on 4 April, 2011 |  Return to top |
