JSE LIMITED SUMMARISED
CONSOLIDATED ANNUAL FINANCIAL RESULTS
AND ORDINARY
CASH DIVIDEND
DECLARATION
for the year ended 31 December
CONTENTS
COMMENTARY | CONSOLIDATED STATEMENT | CONSOLIDATED STATEMENT | CONSOLIDATED STATEMENT | CONSOLIDATED STATEMENT | NOTES TO THE CONSOLIDATED |
OF COMPREHENSIVE INCOME | OF FINANCIAL POSITION | OF CHANGES IN EQUITY | OF CASH FLOWS | FINANCIAL STATEMENTS | |
CONTENTS
PRESENTATION | 1 |
COMMENTARY | 18 |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | 25 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 26 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 28 |
CONSOLIDATED STATEMENT OF CASH FLOWS | 30 |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 31 |
SUMMARISED CONSOLIDATED ANNUAL FINANCIAL RESULTS 2022
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©Johannesburg Stock Exchange.
NOTES
Key highlights | 3-10 |
Financial review | 11-18 |
Conclusion | 19-21 |
Appendix | 22-37 |
©Johannesburg Stock Exchange. | 2 |
NOTES
SUMMARISED CONSOLIDATED ANNUAL FINANCIAL RESULTS 2022 | 1 |
©Johannesburg Stock Exchange.
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3
NOTES
FY 2022 key highlights
Diversified revenue growth, with non-trading Group revenue of 25%; 40% growth in net finance income
Cost growth reflects operating environment pressures across the board, including electricity and building utilities (e.g., diesel)
Continued strong cash generation alongside increased investing activities
Ordinary dividend of 769 cents per share for the year
Operational resilience (99.9%) above long-term average of 99.83%
Quality earnings underpinned by strategic delivery and innovation
R2.7bn
Operating
revenue
+5% YoY
R978m
Cash generated from operations +7% YOY
R1.9bn
Operating
expenses
+7.5% YoY
R749m
NPAT
+4% YoY
4
NOTES
2 | SUMMARISED CONSOLIDATED ANNUAL FINANCIAL RESULTS 2022 |
Diversified market structure and segments support performance
All Share index hits record high and ends the year ahead of major markets
Lower volatility in H2 vs H1, although structurally higher than the previous 5 years
South Africa's weighting within FTSE emerging markets index moved from 3.88% (31 Dec 2021) to 4.20% (31 Dec 2022)
Moderation in net foreign outflows in equity market with continued net inflows in bond market
Global Indices FY 2022 Performance | |||
10% | |||
5% | |||
0% | |||
-5% | |||
-10% | |||
-15% | |||
-20% | |||
-25% | |||
-30% | |||
-35% | |||
JALSH index | S&P 500 index | MSCI World index | MSCI EM index |
Equities market - Average Daily Value Traded (bn) / Average Daily
Volume Traded (x10 mn)
50
45
40
35
30
25
20
15
10
5
0
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
Value Traded - annual avg. | Volume divided by 10 |
Net foreign flows (Rbn)
150
100
50
0 -50
-100 | |||
-150 | |||
-200 | |||
2019 | 2020 | 2021 | 2022 |
Bond Market | Equity Market |
VIX half-year average
34
31
28
25
22
19
16
13
10
VIX half-year avg.
5
NOTES
Performance supported by growth in non-trading revenue and strong commercial execution
Capital
markets +3% YoY (R1 067m)
Global market volatility, increased hedging
JIS +28%
YoY
(R159m)
Post-trade
services +3% YoY (R884m)
Equity market activity, growth in funds under management
Information
services
+11% YoY
(R388m)
Capital markets:
- Overall increase in market capitalisation of listed companies up 4%
- Colocation an important enabler of activity
- Published equity market value traded flat YoY
- Equity derivatives value traded +13%
- Bond nominal value traded +4%
- Currency derivatives no. of contracts traded +15%
- Commodity derivatives no. of contracts traded +2%
Post-trade services:
- Published equity value traded flat YoY, with growth in OD trade types
- Funds under management revenue +18% owing to growth in JSE Trustee's cash balances
Information services:
- Solid growth across indices and derivative markets
- Positive FX impact (~R19m)
JIS:
Share plan services business | Solid growth across indices and | ▪ | 21 new JIS customers |
▪ | Strong commercial execution | ||
and new clients drive growth | derivative markets, positive FX |
6
NOTES
SUMMARISED CONSOLIDATED ANNUAL FINANCIAL RESULTS 2022 | 3 |
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JSE Limited published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2023 09:16:08 UTC.
