Annual Financial Statements 2020
24
24
ANNUAL FINANCIAL STATEMENTS
INCOME STATEMENT
for the year ended 31 December 2020
Net interest income
Interest income
Interest expense
Non-interest revenue
Net fee and commission revenue
Fee and commission revenue
Fee and commission expense
Trading revenue
Other revenue
Other gains on financial instruments
Total income
Credit impairment charges
Income before operating expenses
Operating expenses
Net income before capital items and equity accounted earnings
Loss on derecognition of joint venture
Share of post-tax profit from joint venture
Net income before indirect taxation
Indirect taxation
Profit before direct taxation
Direct taxation
Profit for the year
STATEMENT OF OTHER
COMPREHENSIVE INCOME
for the year ended 31 December 2020
STANDARD BANK NAMIBIA LIMITED
Annual financial statements 2020
Note(s)
2020
N$'000
2019
N$'000
1 208 660
1 366 637
24
2 228 705
2 876 281
25
(1 020 045)
(1 509 644)
1 062 224
1 134 216
Profit for the year
Other comprehensive income - net of taxation¹
Items that may be subsequently reclassified to profit or loss
Net change in fair value of debt financial assets measured at fair value through other comprehensive
income (FVOCI)
2020
N$'000
N$'000
361 882
20 041
558 672
3 644
2019
827 147
864 941
Net change in expected credit loss (ECL)
27
29
22 20
26
1 006 726
1 034 932
Net change in fair value
4 655
3 644
1 133
706
3 522
2 938
(179 579)
28
99 561
1 755
30
133 761
2 270 884
31
(253 910)
2016 974
(169 991)
117 597
10 029
141 649
2 500 853
(239 165)
2 261 688
Items that may not be subsequently reclassified to profit or loss
Fair value movement on post-employment benefit (note 35)
Total comprehensive income for the year
15 386
381 923
562 316
1 Income tax relating to each component of other comprehensive income is disclosed in note 33.2.
32
21
(1 469 491)
(1 448 950)
8
547 483
(1 604)
8
812 738
3 929
545 879
816 667
33
(30 299)
(31 270)
515 580
785 397
33
(153 698)
(226 725)
361 882
558 672
25
25View entire presentation