Salient Features

Key salient features of Barclays Africa Group


30 June
  31 December
  2016 2015 Change % 2015
Statement of comprehensive income (Rm)
Income 36 508 34 423 13 67 198
Operating expenses 19 487 18 129 7 37 661
Profit attributable to ordinary equity holders 7 019 6 770 4 14 331
Headline earnings 7 252 6 755 7 14 287
Statement of financial position1
Loans and advances to customers (Rm) 715 209 657 412 9 703 359
Total assets (Rm) 1 142 469 1 038 945 10 1 144 604
Deposits due to customers (Rm) 676 968 649 226 4 688 419
Loans-to-deposits ratio (%) 87.1 85.5   86.1
Financial performance (%)
Return on equity 16.1 16.4   17.0
Return on assets 1.29 1.33   1.37
Return on risk-weighted assets 2.08 2.16   2.18
Non-performing loans (“NPL”) ratio on gross loans and advances¹ 3.84 3.97   3.88
Operating performance (%)
Net interest margin on average interest-bearing assets 4.97 4.70   4.81
Credit loss ratio on gross loans and advances to customers and banks 1.29 0.97   0.92
Credit loss ratio on gross loans and advances to customers 1.48 1.11   1.05
Non-interest income as percentage of revenue 42.2 43.1   42.8
Cost-to-income ratio 53.4 55.9   56.0
JAWS 5.11 0.86   1.39
Effective tax rate 28.3 28.6   27.7
Share statistics (million)
Number of ordinary shares in issue 847.8 847.8   847.8
Number of ordinary shares in issue (excluding treasury shares) 846.9 846.9   845.7
Weighted average number of ordinary shares in issue 846.5 846.9   846.8
Diluted weighted average number of ordinary shares in issue 846.5 847.6   847.3
Share statistics (cents)
Headline earnings per ordinary share 856.7 797.6 7 1 687.2
Diluted headline earnings per ordinary share 856.7 797.0 7 1 686.2
Basic earnings per ordinary share 829.2 799.4 4 1 692.4
Diluted earnings per ordinary share 829.2 798.7 4 1 691.4
Dividend per ordinary share relating to income for the reporting period 460 450 2 1 000
Dividend cover (times) 1.9 1.8   1.7
NAV per ordinary share 10 788 9 860 9 10 558
Tangible NAV per ordinary share 10 359 9 495 9 10 112
Capital adequacy (%)
Barclays Africa Group Limited 14.6 14.1   14.5
Absa Bank Limited 14.0 13.0   13.6
Common Equity Tier 1 (%)        
Barclays Africa Group Limited 12.1 11.7   11.9
Absa Bank Limited 10.8 10.0   10.3
1The calculation of the NPLs ratio has been changed to also include loans and advances to banks. Based on the previous methodology the NPLs ratio would be 4.28% (30 June 2015: 3.97%; 31 December 2015: 3.88%)
  31-Dec  
  2016 2015 Change %
Statement of comprehensive income (Rm)
Income

72 394

67 198

8

Operating expenses

39 956

37 661

6

Profit attributable to ordinary equity holders

14 708

14 331

3

Headline earnings

14 980

14 287

5

Statement of financial position¹
Loans and advances to customers (Rm)

720 309

703 359 

2

Total assets (Rm)

1 101 023

1 144 604

(4)

Deposits due to customers (Rm)

674 865

688 419

(2)

Loans-to-deposits ratio (%)

88.4

86.1

 
Financial performance (%)
Return on equity

16.6

17.0

 
Return on assets

1.34

1.37

 
Return on risk-weighted assets

2.14

2.18

 
Non-performing loans (“NPL”) ratio on gross loans and advances¹

3.94

3.47

 
Operating performance (%)
Net interest margin on average interest-bearing assets

4.92

4.81

 
Credit loss ratio on gross loans and advances to customers and banks

1.08

0.92

 
Credit loss ratio on gross loans and advances to customers

1.23

1.05

 
Non-interest income as percentage of revenue

42.0

42.8

 
Cost-to-income ratio

55.2

56.0

 
JAWS

1.64

1.39

 
Effective tax rate

26.9

27.7

 
Share statistics (million)
Number of ordinary shares in issue

847.8

847.8

 
Number of ordinary shares in issue (excluding treasury shares)

846.7

845.7

 
Weighted average number of ordinary shares in issue

846.5

846.8

 
Diluted weighted average number of ordinary shares in issue

846.6

847.3

 
Share statistics (cents)
Headline earnings per ordinary share

1 769.6

1 687.2

5

Diluted headline earnings per ordinary share

1 769.4

1 686.2

5

Basic earnings per ordinary share

1 737.5

1 692.4

3

Diluted earnings per ordinary share

1 737.3

1 691.4

3

Dividend per ordinary share relating to income for the reporting period

1 030

1 000

3

Dividend cover (times)

1.7

1.7

 

NAV per ordinary share

10 980

10 558

4

Tangible NAV per ordinary share

10 501

10 112

4

Capital adequacy (%)
Barclays Africa Group Limited

14.8

14.5

 
Absa Bank Limited

15.1

13.8

 
Common Equity Tier 1 (%)
Barclays Africa Group Limited

12.1

11.9

 
Absa Bank Limited

11.6

10.5

 

 

¹The calculation of the NPLs ratio has been changed to also include loans and advances to banks. Based on the previous methodology the NPLs ratio would be 4.28% (30 June 2015: 3.97%; 31 December 2015: 3.88%)