Information provided to ICBC
April 21 2009 - 7:49AM
UK Regulatory
TIDM66ZZ
RNS Number : 9191Q
Standard Bank of South Africa Ltd
21 April 2009
Standard Bank Group Limited
(Incorporated in the Republic of South
Africa)
(Registration number 1969/017128/06)
South African Share Code:
SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
("Standard Bank
Group" or "the group")
Financial Information Provided To Industrial and
Commercial Bank of China Limited ("ICBC")
Introduction
ICBC acquired a
20% shareholding in Standard Bank Group in March 2008, consequently Standard
Bank Group is required to disclose to ICBC sufficient information to enable ICBC
to equity account the group's results on a quarterly basis. The following
consolidated financial information, prepared on an IFRS basis, has been
disclosed to ICBC for purposes of ICBC's equity accounting of Standard Bank
Group's results for the quarter ended 31 March 2009.
Statement of changes
in ordinary shareholders' equity for the quarter ended 31 March 2009
+---------------+---------+--------------+-----------+---------+
| Rm | Opening | Earnings | Other | Total |
| | balance | attributable | movements | |
| | 1 | to ordinary | for the | |
| | January | shareholders | period | |
| | 2009 | | | |
+---------------+---------+--------------+-----------+---------+
| Ordinary | 153 | | | 153 |
| share | | | | |
| capital | | | | |
+---------------+---------+--------------+-----------+---------+
| Ordinary | 16 844 | | 49 | 16 893 |
| share | | | | |
| premium | | | | |
+---------------+---------+--------------+-----------+---------+
| Foreign | 5 288 | | (621) | 4 667 |
| currency | | | | |
| translation | | | | |
| reserve | | | | |
+---------------+---------+--------------+-----------+---------+
| Foreign | 1 682 | | (207) | 1 475 |
| currency | | | | |
| and cash | | | | |
| flow | | | | |
| hedging | | | | |
| reserve | | | | |
+---------------+---------+--------------+-----------+---------+
| Retained | 59 693 | 2 662 | *(815) | 61 540 |
| earnings | | | | |
+---------------+---------+--------------+-----------+---------+
| Empowerment | (3 411) | | (250) | (3 661) |
| reserve and | | | | |
| treasury | | | | |
| shares | | | | |
+---------------+---------+--------------+-----------+---------+
| Other | 1 704 | | 72 | 1 776 |
+---------------+---------+--------------+-----------+---------+
| Total | 81 953 | 2 662 | (1 772) | 82 843 |
| ordinary | | | | |
| shareholders' | | | | |
| equity | | | | |
+---------------+---------+--------------+-----------+---------+
*Represents the cash component of the ordinary dividend declared in March
2009.
As is customary, a trading update regarding the group's performance for the
first four months of 2009 will be provided at the group's annual general meeting
to be held on 28 May 2009 and will be released on the Securities Exchange News
Service of the JSE Limited on the same date.
The information contained in this announcement has not been reviewed by or
reported on by the group's auditors.
Johannesburg
21 April 2009
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Sponsor
Standard Bank
This information is provided by RNS
The company news service from the London Stock Exchange
END
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