Investor Presentaiton
60
60
ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS CONTINUED
20.
Financial instruments subject to offsetting, enforceable master netting
arrangements or similar agreements
Gross
amount of
recognised
financial
assets¹
N$'000
Financial
liabilities
Net amount
of financial
set off in the
statement
of financial
position²
N$'000
assets
subject
to netting
agreements³
N$'000
Collateral
received 4.7
N$'000
Net
amount?
N$'000
2019
Assets
21.
21.1
STANDARD BANK NAMIBIA LIMITED
Annual financial statements 2020
61
Maturity analysis of assets
The following table discloses the maturity analysis for the company's financial assets on a contractual discounted basis.
Financial assets
2020
3 874 974
Cash and balances with
the central bank¹
Derivative assets
Trading assets
Pledged assets
Financial investments
Loans and advances.
Other financial assets
Derivative assets
149 910
Loans and advances5
26 262 827
Total
26 412 737
(1 295 658)
(1 295 658)
149 910
24 967 169
25 117 079
(149 910)
(21 092 195)
(21 242 105)
3 874 974
2019
Liabilities
Gross
amount of
recognised
financial
liabilities¹
N$'000
Financial
assets
set off in the
statement
of financial
position²
Rm
Net amounts
of financial
liabilities
subject
to netting
agreements³
Rm
Collateral
pledged 6
Rm
Net
amount
Rm
Derivative liabilities
(142 511)
Deposits and current accounts5
Total
(28 335 969)
(1 295 658)
(142 511)
(29 631 627)
142 511
(29 631 627)
(28 478 480)
(1 295 658)
(29 774 138)
142 511
(29 631 627)
2019
Cash and balances with
central bank¹
Derivative assets
Trading assets
Pledged assets
Financial investments
Loans and advances²
Other financial assets³
Note
Redeemable
on demand
N$'000
Maturing
within 1 year
N$'000
Maturing
within 1 to 5
years
N$'000
Maturing
after 5 years
N$'000
Total
N$'000
123456
123456
1 024 338
337 941
383 240
34 347
1 024 338
372 288
520 956
383 240
520 956
2 435 779
1 735 127
3 280 895
2 987 413
44 015
4 821 351
3 913
4 218 834
14 643 367
203 344
6 944 356
5 964 677
4 899 713
14 647 280
25 733 026
203 344
32 456 026
1 512 374
1 512 374
138 990
258 884
10 920
9 293
149 910
268 177
580 098
580 098
1 852 559
902 742
1 180 677
46 859
3 982 837
3 774 639
2 814 721
2 498 764
17 773 301
26 861 425
1 126 150
1 126 150
8 265 672
4 695 435
3 699 654
17 820 160
34 480 971
1 Gross amounts are disclosed for recognised financial assets and financial liabilities that are either offset in the statement of financial position or are
subject to a master netting arrangement or a similar agreement, irrespective of whether the IFRS offsetting criteria is met.
2 Gross amounts of recognised financial assets or financial liabilities that qualify for offset in accordance with the criteria per IFRS. The offsetting has not
been applied.
3
4
Related amounts not offset in the statement of financial position that are subject to a master netting arrangement or similar agreement.
This is the total collateral value held for loans and advances. This could include financial collateral (whether recognised or unrecognised), cash
collateral as well as exposures that are available to the company to be offset in the event of default. In most cases the company is allowed to sell
or repledge collateral received.
5 The most material amounts offset in the statement of financial position pertain to cash management accounts. The cash management accounts allow
holding companies (or central treasury functions) to manage the cash flows of its company by linking the current accounts of multiple legal entities
within a group. This allows for cash balances of the different legal entities to be offset against each other to arrive at a net balance for those groups.
6 In most instances, the counterparty may not sell or repledge collateral pledged by the company.
7 2019 Collateral received for loans and advances has been updated to exclude collateral relocated to off balance sheet items. As a result, the net
amount has also been updated.
The table below sets out the nature of agreements and the types of rights relating to items which do not qualify for offset but
that are subject to a master netting arrangement or similar agreement.
Derivative assets and derivative
liabilities
Loans and advances
Deposits and debt funding
Nature of agreement
International swaps and
derivatives association
agreements
Customer agreement
and Banks Act
Customer agreement
and Banks Act
Related rights
The agreement allows for offset in the event
of default
In the event of liquidation or bankruptcy, offset
shall be enforceable subject to all applicable
laws and regulations
In the event of liquidation or bankruptcy, offset
shall be enforceable subject to all applicable
laws and regulations
1 On demand cash and balances with the central bank includes notes and coins.
2 This line has been updated to age loans and advances on a gross basis (before ECL) and not on a net basis as previously presented.
3 This line has been updated to exclude non-financial assets from this table and include them as part of note 21.2.
Non-financial assets
21.2
The following table discloses the maturity analysis for the company's non-financial assets on a contractual discounted basis.
More than
12 months
Less than
Note
12 months
after
reporting
period
N$'000
after
reporting
period
Total
N$'000
N$'000
2020
*
Current tax asset
104 356
Property and equipment and right-of-use assets
Goodwill and other intangible assets
9
727 611
10
451 787
727 611
451 787
Deferred tax asset
14
*
*
294 624
7
76 785
76 785
76 785
1 179 398
1 655 163
Other assets
20191
Current tax asset
Interest in joint venture and subsidiaries
Property and equipment and right-of-use assets
Goodwill and other intangible assets
Deferred tax asset
Other assets
81047
*
84 075
15 435
15 435
516 072
516 072
451 853
451 853
224 971
60 048
60 048
60 048
983 360
1 352 454
*
Undated.
1 Table has been updated to include non-financial assets as per note 7.View entire presentation