Investor Presentaiton

22 72 ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS CONTINUED 36. 36.4 36.5 Related party transactions Purchase/(rendering) of services Relationship Type 2020 N$'000 2019 N$'000 The Standard Bank of South Africa (SBSA) Fellow subsidiary Royalty fees 70 137 79 083 SBSA SBSA SBSA SBSA Stanbic Bank Kenya Limited Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary Information technology 20 885 20 945 Stanbic Bank Kenya Limited Stanbic Bank Uganda Standard Bank Malawi Standard Bank Insurance Brokers (Namibia) Limited Namclear (Proprietary) Limited Mobicash Payment Solutions (Proprietary) Limited Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary License fees Other services Training Training Other services 34 168 19 767 (1 592) 1 792 233 (2) (56) 1 314 Other services Other services Other services (38) 580 59 (535) Stanfin (Namibia) (Proprietary) Limited Fellow subsidiary Joint venture Other services Interbank clearing costs (489) 20 342 1 244 4 311 Fellow subsidiary Payment solution fees Arleo Investment Sixteen (Proprietary) Limited 37 938 Fellow subsidiary Rent paid Commissions and dividends received/(paid) 36. Related party transactions continued 36.9 Related party year end balances Relationship Type STANDARD BANK NAMIBIA LIMITED Annual financial statements 2020 2020 N$'000 2019 N$'000 73 Receivables from related parties SBSA 548 (507) (78) SBSA Stanbic Bank Botswana Limited Stanbic Bank Zambia Limited Stanbic Bank Kenya Limited Arleo Investments Sixteen (Proprietary) Limited SBSA SBSA Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary Trading assets Loans and advances Loans and advances Loans and advances Loans and advances 10 348 1 131 591 1 599 399 1 282 487 342 104 1 179 Stanbic Bank Zimbabwe Limited Standard Bank Mauritius Standard Bank Insurance Brokers (Namibia) (Proprietary) Limited Stanlib (Namibia) (Proprietary) Limited Stanfin (Namibia) Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary Loans and advances Derivatives Other assets Other assets Other assets 600 000 600 000 307 333 93 571 20 634 12 972 90 90 31 30 Fellow subsidiary Other assets 347 334 Fellow subsidiary Other assets 23 (Proprietary) Limited Arleo Investments Sixteen (Proprietary) Limited Purros Investment (Proprietary) Limited SBN Holdings (Proprietary) Limited Parent Fellow subsidiary Other assets 593 1 445 Fellow subsidiary Other assets 97 354 41 380 Employee share trust Other assets Other assets 4 183 361 3 253 202 835 2 167 160 2 564 431 161 893 148 156 Relationship Type 2020 N$'000 2019 N$'000 SBSA SBSA Fellow subsidiary Fellow subsidiary Stanfin (Namibia) (Proprietary) Limited Fellow subsidiary Mobicash Payment Solutions Fellow subsidiary Commission paid Commission received Commission paid Commission received (10 052) (3 061) 865 429 725 (Proprietary) Limited SBN Holdings Limited Parent company Dividends paid 2 073 (221 231) 1 030 (86 500) (227 620) (88 102) 36.6 Interest income/(expense) The loans issued to subsidiaries and fellow subsidiaries are repayable on demand. Interest is charged based on the prevailing market rate. The loans are unsecured and the loans are fully performing. Derivatives are carried at fair value. Sundry receivables with subsidiaries and fellow subsidiaries are repayable on demand and attract no interest. All related party transactions were made on terms equivalent to those that prevail in arm's length transactions. Relationship Type 2020 N$'000 2019 N$'000 Relationship Type 2020 N$'000 2019 N$'000 Payables to related parties SBSA SBSA SBSA Arleo Investment Sixteen Fellow subsidiary Fellow subsidiary Fellow subsidiary Interest income Interest expense Interest income 32 427 (51 602) 104 324 50 112 58 165 30 937 77 192 36.7 Trading income SBSA Relationship Туре 2020 N$'000 2019 N$'000 Fellow subsidiary Trading income 202 958 22 590 202 958 22 590 36.8 Contributions to funds Relationship Type Standard Bank Namibia Pension Fund Defined contribution plan 2020 N$'000 2019 N$'000 (85 297) Purros Investment (Proprietary) Limited Arleo Investments Sixteen (Proprietary) Limited SBSA SBSA Fellow subsidiary Fellow subsidiary SBN Holdings (Proprietary) Limited Parent Stanlib (Namibia) Purros Investment (Proprietary) Limited Standard Bank Insurance Brokers (Namibia) (Proprietary) Limited Stanfin (Namibia) (Proprietary) Limited Arleo Investments Sixteen (Proprietary) Limited Stanbic Bank Uganda Stanbic Bank Botswana Limited Standard Bank Angola Stanbic Bank Zambia Limited Fellow subsidiary Fellow subsidiary Fellow subsidiary Fellow subsidiary Employee share trust Deposit and current accounts Deposit and current accounts Deposit and current accounts Deposits and current accounts Deposits and current accounts 1 057 023 1 394 362 26 53 26 118 293 900 Fellow subsidiary Deposits and current accounts Derivatives Other liabilities 229 64 111 55 470 26 902 64 155 Other liabilities 28 778 16 427 (Proprietary) Limited Fellow subsidiary Other liabilities 128 Employee share trust Other liabilities 3 Fellow subsidiary Other liabilities 312 182 Fellow subsidiary Other liabilities 725 Fellow subsidiary Other liabilities 43 628 Fellow subsidiary Other liabilities Contributions 65 852 64 993 Stanbic Bank Zimbabwe Limited SBSA Fellow subsidiary Fellow subsidiary Other liabilities Subordinated debt 60 222 60 101 179 101 776 65 852 64 993 1 323 926 1 633 222 Deposit and current accounts held with subsidiaries and fellow subsidiaries are repayable on demand. Interest is charged based on the prevailing market rate. Sundry payables with subsidiaries and fellow subsidiaries are repayable on demand and attract no interest.

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