2019

Integrated Annual Report

Consolidated income statement

For the year ended 30 September

    2019 
Rm 
  2018  
Restated*
Rm  
 
Interest income   2 472    2 154    
Interest expense   (1 193)   (1 054)   
NET INTEREST INCOME   1 279    1 100    
Impairment of loans and advances   (336)   (321)   
RISK-ADJUSTED NET INTEREST INCOME   943    779    
Non-interest revenue   2 688    2 335    
   Net insurance result   364    301    
      Insurance revenue   823    685    
      Insurance service expense   (455)   (385)   
      Insurance finance (expense)/income   (4)   1    
   Other non-interest revenue   2 324    2 034    
Operating cost   (2 562)   (2 195)   
Non-operating profit/(loss)     (3)   
Equity accounted income     –   
PROFIT BEFORE TAX   1 080    916    
Income tax expense   (293)   (218)   
PROFIT FOR THE YEAR   787    698    
PROFIT FOR THE YEAR ATTRIBUTABLE TO:          
   Ordinary equity holders of the parent   727    682    
   Non-controlling interests   60    16    
EARNINGS PER SHARE (CENTS)          
Basic earnings per share   118.8    111.7    
Diluted basic earnings per share   117.4    110.6    

* Restated for the early adoption of IFRS 17 – Insurance Contracts.