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%)
  2017 2016 Change %
Statement of comprehensive income (Rm)
Income 72 900 72 394 1
Operating expenses 41 403 39 956 4
Profit attributable to ordinary equity holders 15 305 14 708 4
Headline earnings 15 558 14 980 4
Statement of financial position
Loans and advances to customers (Rm) 749 772 720 309               4
Total assets (Rm) 1 165 170 1 101 023 6
Deposits due to customers (Rm)       689 867     674 865               2
Loans to deposits and debt securities ratio (%)          90.6          88.4  
Financial performance (%)
Return on equity 16.4 16.6  
Return on average assets 1.38 1.34  
Return on risk-weighted assets 2.16 2.14  
Non-performing loans (“NPL”) ratio on gross loans and advances         3.75        3.94  
Operating performance (%)
Net interest margin on average interest-bearing assets 4.95 4.92  
Credit loss ratio on gross loans and advances to customers and banks         0.87         1.08  
Non-interest income as percentage of total income 41.9 42.0  
Cost-to-income ratio 56.8 55.2  
JAWS -3 1.64  
Effective tax rate 27.5 26.9  
Share statistics (million)
Number of ordinary shares in issue 847.8 847.8  
Number of ordinary shares in issue (excluding treasury shares) 845.6 846.7  
Weighted average number of ordinary shares in issue 846.5 846.5  
Diluted weighted average number of ordinary shares in issue 846.6 846.6  
Share statistics (cents)
Headline earnings per ordinary share 1 837.9 1 769.6 4
Diluted headline earnings per ordinary share 1 837.7 1 769.4 4
Basic earnings per ordinary share 1 808.0 1 737.3 4
Diluted earnings per ordinary share 1 807.8 1 737.3 4
Dividend per ordinary share relating to income for the reporting period        1 070         1 030              4
Dividend cover (times) 1.7 1.7 -
NAV per ordinary share 11 550 10 980 5
Tangible NAV per ordinary share 11 007 10 501 5
Capital adequacy (%)
Barclays Africa Group Limited 14.9 14.8  
Absa Bank Limited 15.0 15.1  
Common Equity Tier 1 (%)
Barclays Africa Group Limited 12.1 12.1  
Absa Bank Limited 11.6 11.6