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).View entire presentation