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Availability Of The Standard Bank Of South Africa Limited Annual Financial Statements
The Standard Bank of South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number 1962/000738/06)
(“the Company”)
AVAILABILITY OF THE STANDARD BANK OF SOUTH AFRICA LIMITED ANNUAL
FINANCIAL STATEMENTS
As per the JSE Debt Listings Requirements, Noteholders are
advised that the Annual Financial Statements of The Standard Bank
of South Africa Limited, for the year ended 31 December 2020
have been made available on the Company’s website:
https://reporting.standardbank.com/results-reports/annual-reports/
Noteholders are also advised that the issuer’s audit reports
were unqualified and the following restatement of the previously
published annual financial statements occurred:
During the current reporting period, following a review of the
allocation of interest funding to the trading book, it was identified
that trading book revenue was erroneously allocated from the trading
revenue to interest income rather than the interest expenditure being
allocated from interest expense to trading revenue. The correction of
this allocation is equal and opposite on interest income and interest
expense line items and did not impact The Standard Bank of South
Africa Limited’s (SBSA) group and company net interest income, trading
revenue, profit for the year, earning per share (basic and diluted),
headline earnings, the statement of financial position or key ratios.
Refer to the SBSA annual financial statements for further details.
Johannesburg
13 April 2021
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 13-04-2021 02:25:00
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