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Eight-year summary

 

Eight-year summary of selected ratios and share statitics

For the year ended 31 December/March  
  2009 
US$m1
5-year 
CAGR2
December 
2009 
Rm 
    December 
2008
Rm 
December 
2007
Rm 
December
2006
Rm
December 
20054
Rm 
March 
2005 
Rm 
March 
2004 
Rm 
March 
2003 
Rm 
 
Selected ratios                          
Statement of comprehensive income (Rm)                          
Headline earnings 1 031  7,2  7 621      9 965  9 413 7 872 6 282  5 394  4 447  3 441   
Attributable earnings 925  4,8  6 840      10 666  9 595 8 105 6 252  5 419  4 505  3 391   
Statement of financial position (Rm)                          
Total assets 97 084  15,6  717 740      774 157  641 014 495 112 404 561  347 161  306 848  269 064   
Loans and advances to customers and banks 72 996  14,7  539 662      576 806  509 983 395 624 327 661  271 768  222 395  199 297   
Deposits due to customers and banks 52 803  7,2  390 373      436 914  368 545 304 665 329 690  276 354  234 380  222 056   
Financial performance (%)                          
Return on average equity5     15,5      23,4  27,2 27,4 25,6  25,3  24,6  21,4   
Return on average assets5     1,02      1,38  1,68 1,74 1,72  1,65  1,55  1,35   
Operating performance (%)                          
Net interest margin on average assets     2,92      3,06  3,37 3,28 3,28  3,25  3,40  3,45   
Net interest margin on average interest-bearing assets     3,74      3,81  3,83 3,72 3,65  3,70  3,87  3,80   
Impairment losses on loans and advances as % of average loans and advances to customers     1,74      1,19  0,58 0,45 0,31  0,52  0,90  1,02   
Non-performing advances as % of loans and advances to customers     7,0      4,1  1,7 1,3 1,8  2,2  3,8  5,1   
Non-interest income as % of total operating income     48,1      48,5  47,0 50,2 53,8  53,8  52,5  50,8   
Cost-to-income ratio     49,6      49,2  51,7 53,8 57,0  56,6  57,1  60,0   
Capital adequacy (%)6                          
Absa Bank     14,7      14,0  12,5 12,3 10,7  11,4  12,3  11,5   
Absa Group     15,6      14,1  13,1 13,1 11,3  12,0  13,0  12,5   
Share statistics                          
Number of ordinary shares in issue (thousands):                          
– Weighted average     693 239      675 733  671 478 666 097 657 955  652 088  645 890  651 547   
– End of the year     718 210      680 278  678 573 671 955 666 855  655 055  651 055  651 547   
Dividend cover (times)7     2,5      2,5  2,5 2,5 2,5  2,8  3,8  3,8   
Dividend yield (%)     3,5      5,5  5,0 3,8 2,9  3,9  3,9  4,9   
Earnings yield (%)     8,6      13,6  12,6 9,4 9,5  11,0  14,8  17,7   
Price earnings ratio (times)     11,7      7,3  7,9 10,6 10,6  9,1  6,8  5,6   
Share price (cents per share):                          
– High     13 075      11 999  14 830 12 615 10 320  8 150  4 700  3 651   
– Low     7 690      7 900  10 832 9 650 7 125  4 320  3 000  2 500   
– Closing   11,3 12 850      10 815  11 100 12 510 10 100  7 540  4 664  2 940   
Closing price/net asset value per share     1,83      1,55  2,00 2,65 2,62  2,11  1,56  1,14   
Volume of shares traded (millions)     545,3      551,4  343,7 332,3 391,6  455,5  459,9  439,9   
Value of shares traded (Rm)     59 151,4      54 635,7  45 370,6 35 925,7 33 492,4  27 892,2  17 491,1  13 894,4   
Turnover in shares traded (%)     78,7      81,6  51,2 49,9 59,5  69,9  71,2  67,5   
Market capitalisation (Rm)   13,3 92 290,0      73 572,1  75 321,6 84 061,6 67 352,4  49 391,2  30 365,2  19 155,5   
Share statistics per ordinary share (cents)                          
Earnings   3,5 986,7      1 578,5  1 428,9 1 216,8 950,3  831,0  697,5  520,5   
Headline earnings   5,9 1 099,4      1 474,8  1 401,9 1 181,8 954,8  827,2  688,5  528,1   
Dividends per share relating to income for the year   8,6 445,0      595,0  560,0 473,0 295,0  295,0  182,0  145,0   
Net asset value per share   14,5 7 038      6 998  5 537 4 717 3 862  3 569  2 996  2 589   
Notes
Rand/US dollar exchange rate at 31 December 2009 of R7,39 was used.
2 Five-year CAGR: Compounded annual growth rate with March 2005 as base.
3 December 2008 and 2007 comparatives have been restated.
4 For the nine months ended 31 December 2005.
5 Ratios calculated using headline earnings.
6 Only December 2008 and 2009 reflects Basel II.
7 Dividend cover is calculated using the headline earnings per share and dividends per share.
 

Eight-year summary of the statement of comprehensive income

For the year ended 31 December/March
 
  2009 
US$m1
5-year 
CAGR2
December 
2009 
Rm 
    December 
20083
Rm 
December 
2007 
Rm 
December 
2006 
Rm 
December 
20054
Rm 
March 
2005 
Rm 
March 
2004 
Rm 
March 
2003 
Rm 
 
Interest and similar income 8 826  19,4  65 247      76 260  55 123  37 569  29 377  26 937  28 901  30 299   
Interest expense and similar charges (5 870) 21,3  (43 393)     (54 154) (36 233) (22 682) (17 567) (16 506) (19 183) (21 467)  
Net interest income 2 956  15,9  21 854      22 106  18 890  14 887  11 810  10 431  9 718  8 832   
Impairment losses on loans and advances (1 213) 47,5  (8 967)     (5 839) (2 433) (1 573) (875) (1 284) (1 900) (1 957)  
Net interest income after impairment losses on loans and advances 1 743  7,1  12 887      16 267  16 457  13 314  10 935  9 147  7 818  6 875   
Non-interest income 2 737  10,7  20 232      20 821  16 756  15 019  13 780  12 168  10 753  9 127   
Operating income before operating expenditure 4 480  9,2  33 119      37 088  33 213  28 333  24 715  21 315  18 571 16 002   
Operating expenses (2 821) 10,3  (20 857)     (21 114) (18 442) (16 089) (14 598) (12 785) (11 679) (10 731)  
Other impairments (197) 65,3  (1 457)     (18) (58) (75)  (68) (118) (116) (103)  
Indirect taxation (123) 2,5  (913)     (724) (709) (865) (949) (805) (672) (695)  
Share of retained earnings from associates and joint ventures (7) n/a  (50)     73  73  113  112  59  119  92   
Operating profit before income tax 1 332  5,1  9 842      15 305  14 077  11 417  9 212  7 666  6 223  4 565   
Taxation expense (317) 1,5  (2 340)     (3 988) (4 052) (3 151) (2 875) (2 172) (1 627) (1 104)  
Profit for the year 1 015  6,4  7 502      11 317  10 025  8 266  6 337  5 494  4 596  3 461   
Minority interest – ordinary shares (33) 26,3  (241)     (194) (117) (88) (85) (75) (91) (70)  
Minority interest – preference shares (57) n/a  (421)     (457) (313) (73) —  —  —  —   
Profit attributable to ordinary equity holders of the Group 925  4,8  6 840      10 666  9 595  8 105  6 252  5 419  4 505  3 391   
Headline earnings adjustments 106  n/a  781      (701) (182) (233) 30  (25) (58) 50   
Headline earnings 1 031  7,2  7 621      9 965  9 413  7 872  6 282  5 394  4 447  3 441   
Notes
Rand/US dollar exchange rate at 31 December 2009 of R7,39 was used.
2 Five-year CAGR: Compounded annual growth rate with March 2005 as base.
3 December 2008 comparative has been restated (refer to note 1.26 of the Notes to the consolidated financial statements).
4 For the nine months ended 31 December 2005.
 

Eight-year summary of the consolidated statement of financial position

For the year ended 31 December/March
 
  2009 
US$m1
5-year 
CAGR2
December 
2009 
Rm 
    December 
20083
Rm 
December 
2007
Rm 
December 
2006 
Rm 
December 
20054
Rm 
March 
2005 
Rm 
March 
2004 
Rm 
March 
2003 
Rm 
 
Assets                          
Loans and advances to customers and banks 72 996  14,7  539 662      576 806  509 983  395 624  327 661  271 768  222 395  199 297   
Total assets 97 084  15,6  717 740      774 157  641 014  495 112  404 561  347 161  306 848  269 064   
Equity and liabilities                          
Capital and reserves attributable to ordinary equity holders of the Group 6 837  16,8  50 547      47 607  37 638  31 693  25 755  23 273  19 350  16 866   
Minority interest – ordinary shares 176  41,1  1 299      1 042  341  236  246  232  171  241   
Minority interest – preference shares 628  n/a  4 644      4 644  4 644  2 992  —  —  —  —   
Total equity 7 641  19,2  56 490      53 293  42 623  34 921  26 001  23 505  19 521  17 107   
Liabilities                          
Deposits due to customers and banks 52 803  7,2  390 373      436 914  368 545  304 665  329 690  276 354  234 380  222 056   
Total liabilities 89 443  15,4  661 250      720 864  598 349  460 191  378 560  323 656  287 327  251 957   
Total equity and liabilities 97 084  15,6  717 740      774 157  641 014  495 112  404 561  347 161  306 848  269 064   
Notes
Rand/US dollar exchange rate at 31 December 2009 of R7,39 was used.
2 Five-year CAGR: Compounded annual growth rate with March 2005 as base.
3 December 2008 and 2007 comparatives have been restated.
4 For the nine months ended 31 December 2005.