OREANDA-NEWS. October 26, 2015. On a quarterly basis Standard Bank Group discloses to ICBC sufficient information to enable ICBC to equity account the group's results. Accordingly, the following consolidated financial information, prepared on an International Financial Reporting Standards basis, is being provided to ICBC for the nine months ended 30 September 2015.

Statement of changes in ordinary shareholders' equity for the nine months ended 30 September 2015

Rm Balance at
1 January 2015		 Earnings attributable to ordinary shareholders Other movements for the period Balance at
30 September 2015
Ordinary share capital 162 162

Ordinary share premium

17 905

(120)

17 785

Foreign currency and hedging reserves

7 411

 1 (1 537)

5 874

Translation reserve

7 359

 (635)

6 724

Foreign currency net investment and cash flow hedging reserve

52

(902)

(850)

Retained earnings

110 504

2 18 530

3 (10 663)

118 371

Empowerment reserve and treasury shares

 (2 570)

 1 279

(1 291)

Other

3 573

(385)

3 188

Total ordinary shareholders' equity

136 985

18 530

(11 426)

144 089

 

1 The decrease in the foreign currency and hedging reserves principally arises from the release to the income statement of historical foreign currency translation reserves (FCTR) referred to in note 2 below. This was offset by the translation impact of the group's remaining foreign net asset value as a result of the weakening of the Rand against the USD (R13.29/USD at 30 September 2015 from R11.57/USD at 31 December 2014) since December 2014.

2 Included in earnings attributable to ordinary shareholders is approximately R2.8 billion of earnings which is excluded from headline earnings. The majority of this relates to the disposal of a 60% controlling interest in Standard Bank Plc (SB Plc) and primarily comprises the release of the group's FCTR relating to SB Plc's net asset value less the recognition of the remaining unrecognised loss on the disposal.

3 Primarily comprises the ordinary dividends declared in March and August 2015.