Additional financial information
Capital adequacy
The group’s capital adequacy ratio and risk-weighted assets are based on the aggregation of the banks within the group. The requirement of capital adequacy is not a group concept, but is a requirement of each bank.
The table below is indicative of the group as a whole, as if it were a bank.
| Weighted assets | |||
| Restated | |||
| Percentage | December | December | |
| weighting | 2005 | 2004 | |
| Nedbank Group | % | Rm | Rm |
| Money, interbank deposits and claims on central government | |||
| Land Bank and other public sector bodies | 10 | 86 | 101 |
| Trade transactions with recourse to other banks | 20 | 7 002 | 4 580 |
| Residential mortgage loans | 50 | 28 738 | 25 050 |
| All other banking assets excluding intragroup | 100 | 146 554 | 136 448 |
| Notional trading assets | 100 | 8 391 | 11 947 |
| All other non-banking assets | 100 | 23 154 | 20 973 |
| Total on-balance-sheet items | 213 925 | 199 099 | |
| Off-balance-sheet items | 0-100 | 9 759 | 7 957 |
| Counterparty risk | 0-100 | 2 072 | 4 946 |
| Large exposure requirements | 1 000 | 457 | |
| Total risk-weighted assets | 225 756 | 212 459 | |
| December | December | ||||
| 2005 | 2004 | ||||
| Capital | Capital | ||||
| Nedbank Group | Rm | % | Rm | % | |
| Tier 1 capital (primary) | 21 151 | 9,4 | 17 274 | 8,1 | |
| Share capital and reserves | 22 490 | 10,0 | 18 095 | 8,5 | |
| Minority interest: ordinary shareholders | 1 049 | 0,5 | 721 | 0,3 | |
| Minority interest: preference shareholders | 2 770 | 1,2 | 2 770 | 1,3 | |
| Impairments | (20) | ||||
| Goodwill | (3 687) | (1,6) | (3 441) | (1,6) | |
| Other regulatory differences | (1 471) | (0,7) | (851) | (0,4) | |
| Tier 2 capital (secondary) | 7 648 | 3,4 | 8 095 | 3,8 | |
| Long-term debt instruments | 7 273 | 3,2 | 7 308 | 3,4 | |
| Tier 2 bonds not qualifying as Tier 2 capital | (420) | (0,2) | (83) | – | |
| Provision for performing loans | 795 | 0,4 | 880 | 0,4 | |
| Impairments | (10) | ||||
| Tier 3 capital (tertiary) | 300 | 0,1 | 294 | 0,2 | |
| 29 099 | 12,9 | 25 663 | 12,1 | ||
| Capital adequacy analysis by bank | Weighted | Weighted | |||
| Country | assets | Capital | assets | Capital | |
| CAR | 2005 | 2005 | 2004 | 2004 | |
| (Solo supervision) | % | Rm | % | Rm | % |
| Nedbank Limited | 10 | 194 524 | 13,3 | 184 872 | 12,5 |
| Imperial Bank Limited | 10 | 19 997 | 10,2 | 15 467 | 10,2 |
| Peoples Bank Limited | 5 439 | 25,5 | |||
| Nedbank (Lesotho) Limited | 8 | 329 | 28,7 | 211 | 38,5 |
| Nedbank (Swaziland) Limited | 8 | 435 | 17,4 | 395 | 15,2 |
| Nedbank (Malawi) Limited | 8 | 55 | 30,3 | 129 | 13,4 |
| Nedbank (Namibia) Limited | 10 | 2 516 | 11,2 | 1 863 | 10,4 |
| SBM Nedbank International Limited | 10 | 116 | 62,4 | 228 | 28,3 |
| Fairbairn Private Bank (Jersey) Limited | 11 | 1 184 | 13,0 | 1 105 | 12,9 |
| Fairbairn Private Bank (IOM) Limited | 11,5 | 1 806 | 14,8 | 1 703 | 13,5 |
