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Investor Presentaiton

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 25
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