Annual Financial Statements 2020 slide image

Annual Financial Statements 2020

50 50 ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS CONTINUED 16. Debt securities issued 17. 17.1 Maturity date 10/25/2020 SBKN20 SBKN212 7/31/2021 SBNA21 7/13/2021 SBNA22 5/24/2021 SBNA23 Subordinated debt 10/26/2023 30/04/2025 STANDARD BANK NAMIBIA LIMITED Annual financial statements 2020 51 17. 17.1 Carrying value¹ 2020 N$'000 Notional value¹ Carrying 2020 N$'000 Notional value¹ value¹ Provisions and other liabilities continued Reconciliation of lease liabilities continued Maturity analysis of discounted lease liabilities: 2019 N$'000 2019 N$'000 Within From After 1 year N$'000 1 to 5 years N$'000 5 years N$'000 Total N$'000 203 230 200 000 540 739 536 000 543 629 536 000 209 402 207 000 238 300 234 000 466 445 463 500 504 409 499 800 302 540 300 000 101 179 100 000 101 776 100 000 2020 Buildings Branches ATM spacing and other 31 279 13 781 81 151 992 61 778 5 781 81 Total 45 141 157 773 61 778 264 692 245 049 19 562 1 620 305 1 606 500 1 591 344 1 569 800 1 The difference the carrying and notional amount value represents transaction costs included in the initial carrying amounts and accrued interest. 2 This debt security is listed on the JSE Provisions and other liabilities 2020 N$'000 20192 N$'000 268 592 55 398 Financial instruments ECL for off-balance sheet exposures¹ Lease liabilities (note 17.1) Non-financial instruments Staff-related accruals Obligation toward post-employment benefits (note 35) Other liabilities and accruals Total² 3 900 264 692 108 000 434 104 4 353 51 045 1 343 796 88 472 118 896 1 136 428 619 169 77 065 887 761 1 399 194 1 Refer to note 31 for the current year credit impairment release of N$453 thousand (2019: N$1.5 million charge) on off-balance sheet exposures. The presentation of this note has been updated to show the split between financial liabilities and non-financial liabilities. There was no change to total provisions and other liabilities. 2 Reconciliation of lease liabilities 2019 Within From 1 year N$'000 1 to 5 years N$'000 After 5 years N$'000 Total N$'000 Buildings 3 585 4 205 Branches 15 917 27 114 ATM spacing and other 224 7 790 43 031 224 Total 19 726 31 319 51 045 Maturity analysis of undiscounted contractual cash flows: Within 1 year N$'000 From After 1 to 5 years N$'000 5 years N$'000 Total N$'000 2020 Buildings Branches 40 974 14 426 153 064 151 752 ATM spacing and other Total 213 55 613 9 136 17 162 217 151 752 Within From 1 to 5 years After 345 790 23 562 230 369 582 Balance at 1 January Additions/ 2020 modification N$'000 N$'000 Interest expense N$'000 Payments¹ N$'000 Balance at 31 December 2020 N$'000 1 year N$'000 N$'000 5 years N$'000 Total N$'000 2019 Buildings 3 820 4 629 Buildings 7 790 264 098 13 880 (40 719) 245 049 Branches 19 381 27 761 Branches 43 031 1 940 ATM spacing and other 224 28 (25 409) (171) 19 562 ATM spacing and other 104 125 8 449 47 142 229 81 Total 23 305 32 515 55 820 Total 51 045 264 098 15 848 (66 299) 264 692 Buildings Branches ATM spacing and other Total amounts include Balance at 1 January 2019 N$'000 Additions/ modification N$'000 Interest expense N$'000 31 December Payments¹ N$'000 10 900 718 533 (4 361) Balance at 2019 N$'000 7 790 54 002 8 058 2 864 (21 893) 43 031 473 19 (268) 224 65 375 8 776 3 416 (26 522) 51 045 1 These The remainder is the interest expense paid during the year. the principal lease payments as disclosed in the statement of cash flows of N$50.5 million (2019: N$23.1 million).
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