2011 Group Micro Property Mortgage
Figures in rand Finance Investment Origination Reconciling Consolidated
Interest revenue 56 956 267 -         51 985 1 419 036 58 427 288
Interest expense -12 673 035 -45 922 - -3 230 069 -15 949 026
Net interest revenue 44 283 232 -45 922         51 985 -1 811 033 42 478 262
Fee income 96 150 062 - - - 96 150 062
Net commission income - - 1 312 513         68 806 1 381 319
Other microfinance income 21 661 411 - - - 21 661 411
Fair value adjustment         22 586 - -         22 586
Net impairment charge on loans and advances -23 461 057 - - - -23 461 057
Operating expenses -130 983 651 -855 953 -416 429 -13 071 052 -145 327 085
Operating (loss)/ profit 7 672 583 -901 876      948 069 -14 813 278 -7 094 503
Net impairment charge on intangibles - - - -19 444 029 -19 444 029
Loss on sale of subsidiary - - - -115 697 -115 697
Gain on a bargain purchase - - -      167 383      167 383
(Loss)/ profit before taxation 7 672 583 -901 876      948 069 -34 205 621 -26 486 845
Taxation      101 382 - -230 840 6 272 594 6 143 136
(Loss)/ profit for the  year 7 773 965 -901 876      717 229 -27 933 027 -20 343 709
38% -4% 4% -137% -100%
Attributable to:
Equity holders of the parent 8 096 868 -901 876 717 229 -27 933 027 -20 020 806
Non-controlling interest -322 903 - - - -322 903
Segment assets 203 601 245 207 000 000 3 900 112 24 922 364 439 423 721
Investment property - 207 000 000 - -  207 000 000
Loans and advances 95 720 902 - - - 95 720 902
Cash & cash equivalents 24 662 140 - 1 012 308 11 263 754 36 938 202
-
Segment liabilities 185 885 621 -      898 194 17 545 185 204 329 000
2010 Group
Figures in rand
Micro
Finance
Property
Investment
Mortgage
Origination
Reconciling Consolidated
Interest revenue 61 538 590 -         95 820 3 964 760   65 599 170
Interest expense -6 514 755 -4 798 782 -8 893 -8 401 932 -19 724 362
Net interest revenue 55 023 835 -4 798 782         86 927 -4 437 172  45 874 808
Fee income 72 618 652 - - -   72 618 652
Net commission income - - 1 392 910 - 1 392 910
Other microfinance income 15 917 543 - - -  15 917 543
Fair value adjustment - 138 781 647 - -  138 781 647
Net impairment charge on loans and advances -27 668 720 - - - -27 668 720
Operating expenses -112 094 352 -14 070 306 6 860 650 -56 281 224 -189 306 532
Operating profit 3 796 958 119 912 559 -5 380 813 -60 718 396  57 610 308
Gain on a bargain purchase 3 738 160 - - - 3 738 160
Profit/(Loss) before taxation 7 535 118 119 912 559 -5 380 813 -60 718 396   61 348 468
Taxation -3 448 941 -14 146 08      710 104 13 734 459 -3 150 464
(Loss)/ profit for the  year 4 086 177 105 766 473 -4 670 709 -46 983 937  58 198 004
7% 182% -8% -81% 100%
Attributable to:
Equity holders of the parent 4 086 177 105 766 473 -4 670 709 -46 983 937   58 198 004
Non-controlling interest - - - - -
Segment assets  220 870 423 207 000 000 23 727 125 31 175 789  482 773 337
Investment property - 207 000 000 - -  207 000 000
Loans and advances 96 174 927 - - -   96 174 927
Cash & cash equivalents 24 379 618 - 3 130 831 31 175 789  58 686 238
-
Segment liabilities  172 262 346 5 878 343 2 645 359 49 394 081  230 180 129