Annual Financial Statements 2020
26
ANNUAL FINANCIAL STATEMENTS
STATEMENT OF CHANGES IN EQUITY
for the year ended 31 December 2020
Balance at 1 January 2019
Total comprehensive income for the year
Profit for the year
Other comprehensive income after tax for the year
Transactions with the shareholder, recorded directly in equity
Equity-settled share-based payment transactions
Contribution from owners
Dividends paid
Balance at 1 January 2020
Total comprehensive income for the year
Profit for the year
Other comprehensive income after tax for the year
Transactions with the shareholder, recorded directly in equity
Transfer of vested equity options
Transfer to reserve
Dividends paid
Balance at 31 December 2020
Ordinary
share capital
and premium
N$'000
Share-based
payment
reserve
N$'000
593 230
37 286
Fair value
adjustments
on FVOCI
financial
assets¹
N$'000
Capital
Post-
employment
benefit
reserve
N$'000
reserve
N$'000
(613)
19 643
Statutory
risk reserve
N$'000
1 050
1 050
3 644
3 644
200 000
Retained
earnings
N$'000
Total
equity
N$'000
2 233 824
2 883 370
558 672
562 316
558 672
558 672
3 644
(86 500)
114 550
STANDARD BANK NAMIBIA LIMITED
Annual financial statements 2020
200 000
(86 500)
1 050
200 000
(86 500)
593 230
38 336
3 031
200 000
19 643
2 705 996
3 560 236
4 655
15 386
361 882
381 923
361 882
361 882
593 230
1 The fair value through OCI reserve comprises of the FVOCI
Accounting policies regarding reserves are detailed in annexure E.
reserve for
debt financial investments.
All balances are stated net of tax where applicable.
4 655
(38 336)
(38 336)
15 386
20 041
58 510
(241 405)
(221 231)
58 510
38 336
(58 510)
(221 231)
(221 231)
7 686
200 000
35 029
58 510
2 826 473
3 720 928
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