Financial Overview
Key Features
Key financial features and information is available in our financial results announcements outlined below. Please feel free to peruse both the Bank’s and the Group’s key features.
Absa Group - Key Features
Outlined below are the Absa Group - Salient Features:
| For the year ended 31 December | |||
| 2011 | 2010 | Change | |
| (Audited) | % | ||
| Statement of comprehensive income (Rm) | |||
| Headline earnings2 | 9 719 | 8 041 | 21 |
| Profit attributable to ordinary equity holders of the Group | 9 674 | 8 118 | 19 |
| Statement of financial position | |||
| Total assets (Rm) | 786 719 | 725 957 | 8 |
| Loans and advances to customers (Rm) | 503 503 | 508 780 | (1) |
| Deposits due to customers (Rm) | 440 960 | 387 598 | 14 |
| Loans-to-deposits ratio (%) | 88,1 | 92,1 | |
| Off-statement of financial position (Rm) | |||
| Assets under management and administration3 | 213 186 | 194 949 | 9 |
| Financial Services4 | 167 669 | 163 415 | 8 |
|
Money market |
57 798 | 66 256 | (13) |
|
Non-money market |
109 871 | 97 159 | 13 |
| Financial performance (%) | |||
| Return on average equity | 16,4 | 15,1 | |
| Return on average assets5 | 1,32 | 1,10 | |
| Return on risk-weighted assets5 | 2,35 | 1,99 | |
| Operating performance (%) | |||
| Net interest margin on average interest-bearing assets5 | 4,11 | 3,94 | |
| Impairment losses on loans and advances as a % of average loans and advances to customers5 | 1,01 | 1,18 | |
| Non-performing advances as a % of loans and advances to customers5 | 6,9 | 7,6 | |
| Non-interest income as a % of total operating income | 46,7 | 45,5 | |
| Cost-to-income ratio | 55,5 | 56,2 | |
| Effective tax rate, excluding indirect taxation | 28,3 | 27,5 | |
| Share statistics (million) | |||
| Number of ordinary shares in issue | 718,2 | 718,2 | |
| Weighted average number of ordinary shares in issue | 716,8 | 716,3 | |
| Weighted average diluted number of ordinary shares in issue | 719,9 | 720,7 | |
| Share statistics (cents) | |||
| Headline earnings per share | 1 355,9 | 1 122,6 | 21 |
| Diluted headline earnings per share | 1 350,0 | 1 115,7 | 21 |
| Basic earnings per share | 1 349,6 | 1 133,3 | 19 |
| Diluted earnings per share | 1 343,8 | 1 126,4 | 19 |
| Dividends per ordinary share relating to income for the year5 | 684 | 455 | 50 |
| Dividend cover (times) | 2,0 | 2,5 | |
| Net asset value per share | 8 690 | 7 838 | 11 |
| Tangible net asset value per share | 8 392 | 7 588 | 11 |
| Capital adequacy (%)3 | |||
| Absa Group | 16,7 | 15,5 | |
| Absa Bank | 16,2 | 14,8 | |
| ¹Comparatives have been reclassified. | |||
| ²After allowing for R284 million (2010: R320 million) profit attributable to preference equity holders of the Group. | |||
| ³Comparatives have been restated for the inclusion of assets managed by Absa Capital on behalf of clients, alternative asset management and exchange-traded funds, in order to align assets under management and administration to current market practice. | |||
| 4The segmentation of assets under management and administration is unaudited. | |||
| 5These ratios are unaudited. | |||
Absa Bank - Key Features
Outlined below are the Absa Bank - Salient Features:
| For the year ended 31 December | |||
| 2011 | 2010¹ | Change | |
| (Audited) | % | ||
| Statement of comprehensive income (Rm) | |||
| Headline earnings2 | 7 957 | 6 412 | 24 |
| Profit attributable to ordinary equity holders of the Group | 7 901 | 6 432 | 23 |
| Statement of financial position | |||
| Total assets (Rm) | 742 436 | 610 410 | 8 |
| Loans and advances to customers (Rm) | 486 910 | 495 733 | (2) |
| Deposits due to customers (Rm) | 431 762 | 382 131 | 13 |
| Loans-to-deposits ratio (%) | 87,0 | 91,0 | |
| Off-statement of financial position (Rm) | |||
| Assets under management and administration3 | 22 741 | 21 861 | 4 |
| Financial performance (%) | |||
| Return on average equity | 15,8 | 14,2 | |
| Return on average assets4 | 1,13 | 0,93 | |
| Return on risk-weighted assets4 | 2,07 | 1,71 | |
| Operating performance (%) | |||
| Net interest margin on average interest-bearing assets4 | 3,80 | 3,62 | |
| Impairment losses on loans and advances as a % of average loans and advances to customers4 | 1,00 | 1,12 | |
| Non-performing loans as a % of loans and advances to customers4 | 6,9 | 7,5 | |
| Non-interest income as a % of total operating income | 42,8 | 41,0 | |
| Cost-to-income ratio | 55,6 | 56,7 | |
| Effective tax rate, excluding indirect taxation | 27,7 | 27,1 | |
| Share statistics (million) (including "A" ordinary shares) | |||
| Number of ordinary shares in issue | 374,1 | 374,1 | |
| Weighted average number of ordinary shares in issue | 374,1 | 369,9 | |
| Weighted average diluted number of ordinary shares in issue | 374,1 | 369,9 | |
| Share statistics (cents) | |||
| Headline earnings per share | 2 127,0 | 1 733,4 | 23 |
| Diluted headline earnings per share | 2 127,0 | 1 733,4 | 23 |
| Basic earnings per share | 2 112,0 | 1 738,8 | 21 |
| Diluted earnings per share | 2 112,0 | 1 738,8 | 21 |
| Dividends per ordinary share relating to income for the year | 1 034,4 | 959,2 | |
| Dividend cover (times) | 2,1 | 1,8 | |
| Net asset value per share | 14 058 | 12 810 | 10 |
| Tangible net asset value per share | 13 871 | 12 638 | 10 |
| Capital adequacy (%)³ | |||
| Absa Bank | 16,2 | 14,8 | |
| ¹Comparatives have been reclassified. | |||
| ²After allowing for R284 million (2010: R320 million) dividend paid to preference equity holders. | |||
| ³Comparatives have been restated for the inclusion of assets managed by Absa Capital on behalf of clients, alternative asset management funds and exchange traded funds, in order to align assets under management and administration to current market practice. | |||
| 4These ratios are unaudited. | |||
Contact Investor Relations
Call us on
+27 (0) 11 350 4000
E-mail us at
investorrelations@absa.co.za
Financial Indicators
