Barclays Africa Group Limited - ShareData

1 Barclays Africa Group Limited Interim financial resultsfor the reporting period ended 30 June 2014 Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2014 | 1 Group performance Group performance overview4 Group profile5 Consolidated salient features7 Consolidated salient features by segment8 Profit and dividend announcement9 Condensed consolidated statement of comprehensive income17 Condensed consolidated statement of financial position19 Condensed consolidated statement of changes in equity20 Condensed consolidated statement of cash flows24 Performance indicators and condensed notes to the consolidated financial statements25 Segment performanceSegment performance overview53 Segment report per market segment58 Segment report per geographical segment60 Segment report per market and geographical segment62 Retail and Business Banking ( RBB )65 Corporate and Investment Bank ( CIB )93 Wealth, Investment Management and Insurance ( WIMI )

2 101 Head Office and other operations115 Risk managementRisk management overview118 Capital management130 Reporting changesReporting changes overview142 Impact of the reporting changes on the Group s results144 Impact of the reporting changes on the Group s segment results150 AppendicesTransition to Barclays Africa Group Limited160 Share performance162 Shareholder information and diary163 Glossary164 Abbreviations and acronyms17 0 Administration and contact details172 The term Barclays Africa or the Group , refers to Barclays Africa Group Limited and its subsidiaries. This report is printed on recycled paper that is 100% post-consumer waste sourced from either office or printing waste with no harmful chemicals used during the bleaching process.

3 The by-products of production of the paper are recycled into fertiliser, building materials and 2 | Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2014 Disclosure updatesCertain structural and naming convention changes have been made to the interim financial results booklet, and certain disclosures have been reordered, the most notable of which have been listed below: Operational key performance indicators, previously disclosed in the Group performance overview , have been moved to the Segment performance overview on pages 54 and 56. The split between the financial results for CIB South Africa and Rest of Africa has been replaced by the split between Corporate and Investment Bank as disclosed on pages 94 to 95.

4 The order of line items disclosed in the Condensed consolidated statement of comprehensive income was changed. As a result, Impairment losses on loans and advances (previously disclosed as note 3) has been moved to note 4 on pages 34 to 38. WIMI s calculation of the cost-efficiency ratio as well as the reconciliation of non-interest income to the Group s Condensed consolidated statement of comprehensive income has been moved from the Performance indicators and condensed notes to the consolidated financial statements to the WIMI segment performance section. Refer to page 107. Cheque accounts in Loans and advances to customers has been renamed to Overdrafts to align with industry naming conventions. Refer to pages 42 to 43.

5 Deposits due to customers and Debt securities in issue which were previously reported in the same note, have been disclosed in separate notes. Refer to pages 44 to 46. Retail Bank, a sub-segment within Retail Banking South Africa , has been renamed Transactional and Deposits . Personal Loans and Transactional and Deposits have been collapsed into a sub-segment named Consumer Bank . Refer to pages 72 to 74. The Edcon portfolio has been collapsed into Card within the Retail Banking South Africa noteworthy changesReporting changesThe following changes have impacted the overall financial results of the Group for the comparative reporting periods ended 30 June 2013 and 31 December 2013, accordingly the comparative balances presented have been restated.

6 Refer to pages 141 to 157 for additional details on the reporting Acquisition of Barclays Africa Limited On 31 July 2013 Absa Group Limited concluded the transaction to buy 100% of the issued ordinary share capital of Barclays Africa Limited , which was settled by the issuance of 129 540 636 Absa Group Limited ordinary shares. This transaction was accounted for as a business combination of entities under common control by applying the principles of predecessor accounting. The Group s comparative financial results have subsequently been restated as if Barclays Africa Limited has always been part of the Group s Business portfolio changes WIMI has been disclosed as a separate market segment. WIMI consists of the Wealth sub-segment, Absa Alternative Asset Management (Pty) Ltd (both previously reported in Corporate, Investment Bank and Wealth) as well as the previous Financial Services segment.

7 Refer to pages 101 to 114 for the market segment report. The cost allocation methodology and segmentation of tax balances for the Barclays Africa Limited subsidiaries have been refined which resulted in a reallocation of costs between RBB and CIB. A client resegmentation exercise has been performed in Barclays Bank Mozambique and Barclays Bank of Ghana Limited which has resulted in a reallocation of revenue between Business Banking in RBB and Corporate in Internal accounting policy changes The Group refined its disclosure of the service fees paid as well as the share of credit sales received from Edcon (Pty) Ltd. This resulted in a reclassification between Operating expenses and Net fee and commission income for the reporting period ended 30 June Accounting policy changes due to amended International Financial Reporting Standards ( IFRS ) The application of International Accounting Standard ( IAS ) 32 Financial Instruments: Presentation (revised) ( IAS 32 ) has resulted in the Group no longer presenting certain derivative balances on a net basis.

8 Comparative balances for the 30 June 2013 and 31 December 2013 reporting periods have been restated enhancements to the interim financial results bookletBarclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2014 | 3 Group performanceContentsGroup performance overview 4 Group profile5 Consolidated salient features7 Consolidated salient features by segment8 Profit and dividend announcement9 Condensed consolidated statement of comprehensive income17 Condensed consolidated statement of financial position19 Condensed consolidated statement of changes in equity20 Condensed consolidated statement of cash flows24 Performance indicators and condensed notes to the consolidated financial statements25 Barclays Africa Group Limited (1986/003934/06)Interim financial results for the reporting period ended 30 June unaudited interim financial results were prepared by Barclays Africa Group Financial Control under the direction and supervision of the Financial Director, D W P Hodnett CA(SA).

9 Date of publication: 30 July 20144 | Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2014 Group performance overview We are on track in executing against our strategy and are gaining real traction in delivery. There is a sense of excitement and drive across all of our businesses, but we are not alone in seeing the opportunity in Africa and there is an absolute determination to go faster. Maria Ramos, Chief Executive OfficerNotes1 Share metrics per ordinary share include the ordinary shares issued on 31 July 2013 for the acquisition of Barclays Africa Limited as if the ordinary shares had always been in issue. The provision of these metrics does not impact the legal effective date of the ordinary share For the calculation of RoRWA, the RWA of the Group as at 30 June 2013 are restated to include the RWA of Barclays Africa Limited as if they had always been a part of the Group s RWA.

10 This does not alter any submissions made to the South African Reserve Bank ( SARB ).Net asset value ( NAV ) per ordinary share, RoE and pro forma RoRWA2 (cents and %) 201420131 NAV per ordinary share (cents) Dec NAV per ordinary share (cents) Jun NAV per ordinary share (cents) JunRoE (%)RoRWA (%)2,1815,59 1252,1416,19 2612,0414,39 442 headline earnings per ordinary share, dividends and special dividend per ordinary share (cents) 1 397,770810%742,0655,7820470350720,9 Dividends per ordinary share Jun headline earnings per ordinary share Dec headline earnings per ordinary share Jun Dividends per ordinary share DecSpecial dividend per ordinary share Jun201420131400 zz zzzzzz 2014 zzzzzz2012120131 Favourable Return on equity ( RoE ) increased to 16,1% (2013.)