Annual Financial Statements 2020

52 52 ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS CONTINUED 18. Classification of assets and liabilities Accounting classifications and fair values of assets and liabilities The tables that follow set out the company's classification of assets and liabilities, and their fair values. FVTPL 2020 Assets Cash and balances with the central bank Derivative assets Trading assets Pledged assets Financial investments Loans and advances Other financial assets³ Other non-financial assets Total assets Liabilities Derivative liabilities Trading liabilities Deposits and current accounts with banks Note Held-for- trading N$'000 Designated at fair value N$'000 FVTPL- default N$'000 123456 STANDARD BANK NAMIBIA LIMITED Annual financial statements 2020 53 FVOCI Other Debt N$'000 Equity instruments instruments N$'000 Total fair value N$'000 Amortised cost¹ N$'000 non-financial assets/ liabilities N$'000 Total carrying amount N$'000 Fair value² N$'000 718 860 718 860 305 478 372 288 372 288 383 240 383 240 520 956 520 956 2 435 781 1 728 321 4 164 102 1 024 338 1 024 338 372 288 372 288 383 240 383 240 520 956 520 956 54 732 24 931 346 203 344 4 218 834 4 218 834 24 931 346 1 655 163 1 276 484 3 154 641 1 728 321 6 159 446 25 494 900 1 655 163 203 344 1 655 163 33 309 509 24 994 388 230 362 123 230 1 909 497 24 511 353 1 909 497 24 511 353 1 620 305 1 620 305 268 592 362 123 230 268 592 362 123 230 1 909 497 24 521 561 1 657 018 916 481 916 481 362 353 362 353 28 309 747 916 481 29 588 581 13 15 Deposits and current accounts with customers 15 2355 362 123 Debt securities issued 16 Other financial liabilities³ Other non-financial liabilities Total liabilities 1 Includes financial assets and financial liabilities for which the carrying value has been adjusted for changes in fair value due to designated hedge risks. 2 Carrying value has been used where it closely approximates fair values, excluding non-financial instruments. Refer to the fair value section in accounting policy 4 Fair value and key management assumptions for a description on how fair values are determined. 3 The fair value of other financial assets and liabilities approximates the carrying value due to their short-term nature.

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