SBN HOLDINGS LIMITED Annual Report 2022

NOTES TO THE ANNUAL FINANCIAL STATEMENTS continued 96 19. Financial instruments subject to offsetting, enforceable master netting arrangements or similar agreements 20. 20.1 IFRS requires a financial asset and a financial liability to be offset and the net amount presented in the statement of financial position when, and only when, the company has a current legally enforceable right to set off recognised amounts, as well as the intention to settle on a net basis or to realise the asset and settle the liability simultaneously. There are no instances where the group has a current legally enforceable right to offset as well as the intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Maturity analysis of assets Financial assets The following table discloses the maturity for the group and company's financial assets on a contractual discounted basis. GROUP 2022 Cash and balances with the central bank¹ Derivative assets Trading assets Financial investments Loans and advances Other financial assets Note Redeemable on demand N$'000 Maturing within Maturing within 1 to 5 1 year N$'000 years N$'000 Maturing after five years N$'000 Total N$'000 123456 1 673 337 138 918 474 621 1 180 088 3 627 971 72 372 42 583 6 780 414 4 403 783 6 265 460 9 281 576 239 298 9 873 137 8 645 293 6 337 832 9 324 159 2021 Cash and balances with the central bank¹ Derivative assets Trading assets Financial investments Loans and advances Other financial assets 1234 1 488 497 1 701 417 73 326 619 584 3 825 059 130 380 5 4 137 496 3 448 334 4 504 119 13 690 14 287 812 6 96 564 7 423 974 7 966 303 4 634 499 14 301 502 1 On demand cash and balances with the central bank includes notes and coins. 20. Maturity analysis of assets continued 20.1 Financial assets continued 20.2 1 673 337 138 918 474 621 4 923 014 26 731 233 239 298 34 180 421 SBN HOLDINGS LIMITED Annual report 2022 97 Note Redeemable on demand N$'000 Maturing within 1 year N$'000 Maturing within 1 to 5 years N$'000 Maturing after 5 years N$'000 Total N$'000 COMPANY 2022 Cash balances 1 291 326 Other financial assets 6 346 297 672 2021 Cash balances 1 312 401 Other financial assets 37 763 350 164 291 326 Non-financial assets The following table discloses the maturity for the company's non-financial assets on a contractual discounted basis. Less than 12 More than 12 months 1 488 497 73 326 619 584 5 670 546 26 377 761 96 564 34 326 278 2022 GROUP Normal tax asset Property, equipment and right-of-use assets Goodwill and other intangible assets Deferred tax asset Properties in possession Other assets 2021 Normal tax asset Property, equipment and right-of-use assets Goodwill and other intangible assets Deferred tax asset Properties in possession Other assets 6 346 297 672 312 401 37 763 350 164 Note months after reporting period N$'000 after reporting period N$'000 Total N$'000 42 80326 9 13 49 351 951 764 49 351 951 764 517 733 517 733 44 059 44 059 491 154 491 154 201 998 201 998 201 998 2 054 061 2 256 059 165 126 13 823 1 027 366 9 389 547 857 1 171 24 892 165 126 1 027 366 547 857 1 560 24 892 6 221 409 221 409 221 798 1 766 412 1988 210

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