FirstRand : annual financial statements 2021

2021

annual financial statements

for the year ended 30 June

contents

1966/010753/06. Certain entities within the FirstRand group are authorised financial services and credit providers. This analysis is available on the group's website: www.firstrand.co.za

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a

Five-year review and economic impact

b

FirstRand group audited consolidated annual financial statements

c

Shareholders' and supplementary information

Simplified group structure	C378
Analysis of ordinary shareholders	C379
Analysis of B preference shareholders	C380
Performance on the JSE	C380
Company information	C381
Listed financial instruments of the group	C382
Credit ratings	C384
Definitions	C385
Abbreviations	C386
Abbreviations of financial reporting standards	C387

DIVIDERNEEDEDED

a

Five-year review and economic impact

Five-year review and economic impact

Five-year review	A5
a Economic impact	A8

FIVE-YEAR REVIEW

2021 FirstRand annual financial statements

-A5-

FIVE-YEAR REVIEW

						Compound
R million	2017	2018	2019*	2020	2021	growth %
Statement of financial position
Total assets	1 217 707	1 532 289	1 669 062	1 926 539	1 886 280	12
Average assets	1 183 492	1 374 998	1 600 676	1 797 801	1 906 410	13
Advances	893 106	1 121 227	1 205 752	1 261 715	1 223 434	8
Average advances	872 256	1 007 167	1 163 490	1 233 734	1 242 575	9
Impairment and fair value of credit
of advances	16 540	18 835	34 162	49 380	50 618	32
NPLs	21 905	26 947	41 349	57 281	60 705	29
Gross advances before impairments	909 646	1 140 062	1 239 914	1 311 095	1 274 052	9
Deposits	983 529	1 267 448	1 393 104	1 535 015	1 542 078	12
Capital and reserves attributable to
equityholders of the group	113 403	126 794	140 407	147 774	163 262	10
Treasury shares	32	15	(29)	72	25	(6)
Ordinary dividends	13 294	14 921	15 931	16 716	6 170	(17)
Total equity before dividends and
treasury shares	126 729	141 730	156 309	164 562	169 457	8
Total ordinary equity	108 884	121 025	129 673	137 529	151 617	9
Assets under administration	1 518 934	1 867 270	2 001 400	2 258 429	2 282 511	11
Income statement
Net interest income before impairment
of advances	44 917	49 098	60 457	62 915	63 290	9
Impairment and fair value of credit
of advances	(8 054)	(8 567)	(10 500)	(24 383)	(13 660)	14
Non-interest revenue	40 922	44 193	45 808	41 691	45 195	3
Share of profit of associates and joint
ventures after tax	1 038	909	1 230	29	1 538	10
Operating expenses	(44 585)	(48 462)	(54 043)	(55 276)	(57 556)	7
Earnings attributable to ordinary
equityholders	24 572	26 546	30 211	17 021	26 743	2
Headline earnings	23 762	26 509	27 887	17 326	26 950	3
Earnings per share (cents)
- Basic	438.2	473.3	538.6	303.5	476.9	2
- Diluted	438.2	473.3	538.6	303.5	476.9	2
Headline earnings per share (cents)
- Basic	423.7	472.7	497.3	308.9	480.5	3
- Diluted	423.7	472.7	497.3	308.9	480.5	3

* Reclassifications of prior year numbers.