Final Results 1b of 2

Standard Chartered PLC 27 February 2007 STANDARD CHARTERED PLC - CAPITAL Capital The GALCO targets Tier 1 and Total capital ratios of 7-9 per cent and 12-14 per cent respectively. 2006 2005 $million $million ---------------------------------------- -------- -------- Tier 1 capital: Called up ordinary share capital and preference shares 7,771 5,982 Eligible reserves 8,937 6,151 Minority interests 211 115 Innovative Tier 1 securities 2,262 1,542 Less: Restriction on innovative Tier 1 securities (337) (83) Goodwill and other intangible assets (6,146) (4,321) Unconsolidated associated companies 229 186 Other regulatory adjustments (94) 153 ---------------------------------------- -------- -------- Total Tier 1 capital 12,833 9,725 ---------------------------------------- -------- -------- Tier 2 capital: Eligible revaluation reserves 509 195 Portfolio impairment provision 610 368 Qualifying subordinated liabilities: Perpetual subordinated debt 3,368 3,128 Other eligible subordinated debt 5,387 4,169 Less: Amortisation of qualifying subordinated liabilities (518) (229) Restricted innovative Tier 1 securities 337 83 ---------------------------------------- -------- -------- Total Tier 2 capital 9,693 7,714 ---------------------------------------- -------- -------- Investments in other banks (211) (148) Other deductions (320) (173) ---------------------------------------- -------- -------- Total capital base 21,995 17,118 ---------------------------------------- -------- -------- Banking book: Risk weighted assets 120,028 99,378 Risk weighted contingents 21,106 16,274 ---------------------------------------- -------- -------- 141,134 115,652 Trading book: Market risks 5,834 6,701 Counterparty/settlement risks 6,475 3,571 ---------------------------------------- -------- -------- Total risk weighted assets and contingents 153,443 125,924 ---------------------------------------- -------- -------- Capital ratios Tier 1 capital 8.4% 7.7% ---------------------------------------- -------- -------- Total capital 14.3% 13.6% ---------------------------------------- -------- -------- STANDARD CHARTERED PLC Consolidated Income Statement For the year ended 31 December 2006 2006 2005 --------------------- ------ --------------------------------- ---------------------------------- Notes Excluding Acquisitions Total Excluding Acquisitions Total acquisitions $million $million acquisitions $million $million $million $million --------------------- ------ ------ ------ ------ ------ ------ ------ Interest income 12,810 177 12,987 6,938 1,812 8,750 Interest expense (7,576) (83) (7,659) (3,384) (1,031) (4,415) --------------------- ------ ------ ------ ------ ------ ------ ------ Net interest income 5,234 94 5,328 3,554 781 4,335 ------ ------ ------ ------ ------ ------ Fees and commission income 2,232 43 2,275 1,724 116 1,840 Fees and commission expense (392) (2) (394) (258) (87) (345) Net trading income 914 6 920 746 23 769 Other operating income 485 6 491 236 26 262 ------ ------ ------ ------ ------ ------ 3,239 53 3,292 2,448 78 2,526 --------------------- ------ ------ ------ ------ ------ ------ ------ Operating income 8,473 147 8,620 6,002 859 6,861 ------ ------ ------ ------ ------ ------ Staff costs (2,873) (40) (2,913) (1,834) (311) (2,145) Premises costs (439) (5) (444) (321) (42) (363) General administrative expenses (1,144) (27) (1,171) (861) (159) (1,020) Depreciation and amortisation (249) (19) (268) (216) (67) (283) ------ ------ ------ ------ ------ ------ Operating expenses (4,705) (91) (4,796) (3,232) (579) (3,811) --------------------- ------ ------ ------ ------ ------ ------ ------ Operating profit before impairment losses and taxation 3,768 56 3,824 2,770 280 3,050 Impairment losses on loans and advances and other credit risk provisions (611) (18) (629) (266) (53) (319) Other impairment (15) - (15) (50) - (50) Loss from associates (2) - (2) - - - --------------------- ------ ------ ------ ------ ------ ------ ------ Profit before taxation 3,140 38 3,178 2,454 227 2,681 Taxation 3 (812) (12) (824) (657) (53) (710) --------------------- ------ ------ ------ ------ ------ ------ ------ Profit for the year 2,328 26 2,354 1,797 174 1,971 --------------------- ------ ------ ------ ------ ------ ------ ------ Profit attributable to: Minority interests 75 1 76 25 - 25 Parent company's shareholders 2,253 25 2,278 1,772 174 1,946 --------------------- ------ ------ ------ ------ ------ ------ ------ Profit for the year 2,328 26 2,354 1,797 174 1,971 --------------------- ------ ------ ------ ------ ------ ------ ------ Basic earnings per ordinary share 5 169.0c 148.5c --------------------- ------ ------ ------ ------ ------ ------ ------ Diluted earnings per ordinary share 5 167.0c 146.9c --------------------- ------ ------ ------ ------ ------ ------ ------ Paid and proposed dividends per Cents Cents ordinary share: ------ ----- -------- ---------------------- Interim paid 4 20.83 18.94 Final proposed* 4 50.21 45.06 ---------------------- ------ ----- -------- 71.04 64.00 ---------------------- ------ ----- -------- $million $million ---------------------- ------ ----- -------- Interim dividend 4 277 248 Final proposed dividend* 4 695 595 ---------------------- ------ ----- -------- 972 843 ---------------------- ------ ----- -------- * The final dividend will be accounted for in 2007 as explained in note 4 on page 39. STANDARD CHARTERED PLC Consolidated Balance Sheet As at 31 December 2006 2006 2005 $million $million ----------------------------------- -------- -------- Assets Cash and balances at central banks 7,698 8,012 Financial assets held at fair value through profit or loss 15,715 10,333 Derivative financial instruments 13,154 9,370 Loans and advances to banks 19,724 21,701 Loans and advances to customers 139,330 111,791 Investment securities 49,487 37,863 Interests in associates 218 128 Goodwill and intangible assets 6,146 4,321 Property, plant and equipment 2,168 1,644 Deferred tax assets 538 498 Other assets 8,601 7,163 Prepayments and accrued income 3,268 2,272 ----------------------------------- -------- -------- Total assets 266,047 215,096 ----------------------------------- -------- -------- Liabilities Deposits by banks 26,233 18,834 Customer accounts 147,382 119,931 Financial liabilities held at fair value through profit or loss 9,969 6,293 Derivative financial instruments 13,703 9,864 Debt securities in issue 23,514 25,913 Current tax liabilities 68 283 Other liabilities 11,355 8,446 Accruals and deferred income 3,210 2,319 Provisions for liabilities and charges 45 55 Retirement benefit obligations 472 476 Subordinated liabilities and other borrowed funds 12,699 10,349 ----------------------------------- -------- -------- Total liabilities 248,650 202,763 ----------------------------------- -------- -------- Equity Share capital 692 660 Reserves 16,161 11,222 ----------------------------------- -------- -------- Total parent company's shareholders' equity 16,853 11,882 Minority interests 544 451 ----------------------------------- -------- -------- Total equity 17,397 12,333 ----------------------------------- -------- -------- Total equity and liabilities 266,047 215,096 ----------------------------------- -------- -------- STANDARD CHARTERED PLC Consolidated Statement of Recognised Income and Expenses For the year ended 31 December 2006 2006 2005 $million $million ------------------------------ --------- --------- Exchange differences on translation of foreign 670 (90) operations Actuarial gains/(losses) on retirement 104 (150) benefits Available for sale investments: Valuation gains taken to equity 682 7 Transferred to income on disposal/redemption (190) (107) Cash flow hedges: Gains/(Losses) taken to equity 79 (65) (Gains)/Losses transferred to income for the year 20 (20) Taxation on items recognised directly in (131) 141 equity Other 7 1 ------------------------------ --------- --------- Net income/(expense) recognised in equity 1,241 (283) Profit for the year 2,354 1,971 ------------------------------ --------- --------- Total recognised income and expenses for the year 3,595 1,688 ------------------------------ --------- --------- Attributable to: Parent company's shareholders 3,484 1,663 Minority interests 111 25 ------------------------------ --------- --------- 3,595 1,688 ------------------------------ --------- --------- STANDARD CHARTERED PLC Consolidated Cash Flow Statement For the year ended 31 December 2006 2006 2005 $million $million --------------------------------------- -------- --------- Cash flow from operating activities Profit before taxation 3,178 2,681 Adjustment for items not involving cash flow or shown separately: Depreciation and amortisation 268 283 Gain/(loss) on disposal of property, plant and equipment (16) 1 Gain on disposal of investment securities (190) (107) Amortisation of investments (257) 17 Impairment losses 629 319 Other impairment 15 50 Assets written off, net of recoveries (940) (718) Decrease in accruals and deferred income 786 952 Increase in prepayments and accrued income (901) (1,248) Net increase in mark-to-market adjustment 45 939 Interest accrued on subordinated loan capital 643 388 UK and overseas taxes paid (903) (611) Net increase in treasury bills and other eligible bills (644) (686) Net increase in loans and advances to banks and customers (11,664) (5,730) Net increase in deposits from banks, customer accounts and debt securities in issue 16,914 18,996 Net increase in trading securities (3,615) (1,494) Net increase/(decrease) in other accounts 5,074 (3,982) --------------------------------------- -------- --------- Net cash from operating activities 8,422 10,050 --------------------------------------- -------- --------- Net cash flows from investing activities Purchase of property plant and equipment (245) (135) Acquisition of investment in subsidiaries, net of cash acquired (937) (1,093) Acquisition of treasury bills and other eligible bills (23,376) (13,443) Acquisition of debt securities (47,411) (33,655) Acquisition of equity shares (328) (658) Disposal of property, plant and equipment 40 8 Disposal and maturity of treasury bills 22,650 12,599 Disposal and maturity of debt securities 40,909 35,748 Disposal of equity shares 337 351 --------------------------------------- -------- --------- Net cash used in investing activities (8,361) (278) --------------------------------------- -------- --------- Net cash flows from financing activities Issue of ordinary share capital 1,996 2,000 Purchase of own shares, net of exercise, for share option awards 149 (73) Interest paid on subordinated loan capital (562) (297) Gross proceeds from issue of subordinated loan capital 1,591 3,874 Repayment of subordinated liabilities (390) (1,026) Dividends and payments to minority interests and preference shareholders (80) (173) Dividends paid to ordinary shareholders (496) (685) --------------------------------------- -------- --------- Net cash from financing activities 2,208 3,620 --------------------------------------- -------- --------- Net increase in cash and cash equivalents 2,269 13,392 Cash and cash equivalents at beginning of year 35,226 22,112 Effect of exchange rate change on cash and cash equivalents 666 (278) --------------------------------------- -------- --------- Cash and cash equivalents at end of year (note 6) 38,161 35,226 --------------------------------------- -------- --------- This information is provided by RNS The company news service from the London Stock Exchange MORE TO FOLLOW FR TRMBTMMITMBR

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