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Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
Worker Ant Presentation Jan 09
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Worker Ant Presentation Jan 09

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For all your Professional Presentations, new Templates, Training Manuals, InDesign Publishing, Annuals Reports and 2007 Microsoft Training - Contact Worker Ant on 011 7820323

For all your Professional Presentations, new Templates, Training Manuals, InDesign Publishing, Annuals Reports and 2007 Microsoft Training - Contact Worker Ant on 011 7820323

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  • 1. HARD WORK DESERVES TO SHINE
  • 2. Document MasteringTM Comprehensive training PowerPoint, Word, Publisher Microsoft Office Templates PowerPoint MSWord & Publisher templates that actually work! Fast professional PowerPoint production Formatting and designing of presentations. Presentation makeovers. Illustrative & complex charting Experienced Word documentation Formatting and formatting of documents, setting up styles High quality desktop publishing and typesetting Training manuals, tenders and large documents created in InDesign
  • 3. What our clients are saying... Flexibility. Professionalism. Creativity. Creatively, Worker Ant have an excellent ability to adapt the Attention to detail. Excellent value for ‘look & feel’ of any document to your context, to ensure you money. High quality end product. This is achieve your presentation objectives in a very effective manner. more than a working experience – it is a They have the ability to work with CI across industries and pleasant and satisfying working relationship. business types. Their ability to hit deadlines under pressure has Hanret Snyman, Statement been one of their greatest assets and I have certainly put this to the test on many occasions! They are reasonable in terms of cost and are a very friendly team to work with. Worker Ant have been integral in the Worker Ant is a great partner for any business who is concerned implementation of our new corporate about the quality of their client interfaces as they are able to identity, primarily relating to electronic not only do a better job than your internal team could, but media. Their willing support and also to remove this administrative burden from your team that dedication helped to embed our brand should rather be focusing their time and energy on the core internally. Belinda Palmer, RMB elements of the business. The fact that I have continued to use them in my own business (after leaving the corporate) is testimony to the quality of their work. Danny Haftfield, First Rand Bank & Edge Enterprise Development Solutions Worker Ant has provided us with a reliable and excellent service over the years. They can always be counted upon Worker Ant are talented, fast and very to deliver what we require at very short accommodating. It’s great to know that notice, and always with enthusiasm and I have somebody to rely on to produce professionalism. Phyllis Linder, SAB high quality layouts and MS Office files, especially when I’m on a tight deadline. Try ‘em once, you’ll use ‘em twice! From Worker Ant, I learnt techniques and Andrew Ballantine, Spitfire skills that have enabled me to put together professional and effective presentations. I was taught the do’s and dont’s of corporate Worker Ant’s ability in terms of PowerPoint presentations. They ‘upped’ the standard of my and design of templates, as well as their presentations and made work faster and a lot commitment and dedication surpasses any more fun. Reneé Beyers, AngloGold Ashanti of the other suppliers I have dealt with in the past. It really is a pleasure to work with them! Kim O Hagan, Catalyst Research & Marketing
  • 4. Document designs for PowerPoint (artwork exported from InDesign)
  • 5. Document makeovers (PowerPoint)
  • 6. Template designs Internal Capital Adequacy Assessment Process (“ICAAP”) for FirstRand Banking and the FirstRand Banking Group SECTION 4: DEMAND FOR CAPITAL The above table presents the calculation of the estimated South African stress liquidity premium and its application to the repricing5 of the Bank’s wholesale funding book. Based on that methodology, and a simplifying assumption which reprices quarterly repricing instruments on a monthly basis, an amount of R0.939bn in extra interest is calculated. The Bank has accordingly set aside R1bn in capital to protect earnings against the potential higher costs that could arise in a stress event. 4. 1. 7.3 Tran sl ati on ri sk 4. 1. 7.3 a. Ri sk f acto r an d bri ef d escrip tio n Translation risk is the risk associated with banks that deal in foreign currencies or list foreign assets on their balance sheets. The greater the proportion of asset, liability and equity classes denominated in a foreign currency, the greater the translation risk. This poses a potential threat for banks conducting business in foreign markets. Exchange rates usually change between financial statements, causing potential variances between the reported figures. Banks generally attempt to minimise these transaction risks by purchasing currency swaps or hedging through futures contracts. 4. 1. 7.3 b. Amo unt o f capit al BASEL II REQUIREMENT - FRAMEWORK – ECONOMIC REGULATORY FRBG 0 0 FRB 0 0 While some banks do assess capital for translation risk, very often they take the view that the risk is, in fact, hedged from a capital ratio perspective. By way of an example, consider a bank with R900m in RWAs in its home country, and R100m home currency equivalent in a foreign subsidiary. Assume also that the parent has R90m in shareholders’ funds (“SHF”) in its own currency and the offshore entity has R10m. On a consolidated basis, the capital ratio is 10%. If the foreign currency depreciates by 10%, then the bank will suffer a reduction in (consolidated) SHF by R1m. However, the RWAs of the offshore unit also fall by R10m, so overall the capital ratio remains unchanged (now R99m divided by R990m). Instruments whose interest rates reset quarterly have been repriced on a monthly basis in order to capture the 5 average level of repricing that occurred. Page 132
  • 7. Template designs
  • 8. PowerPoint production and formatting All information has been replaced with dummy data
  • 9. MS Word document formatting (annual reports, manuals, redrawing of diagrams) Internal Capital Adequacy Assessment Process (“ICAAP”) for FirstRand Banking and thevero ea faccum nosto Equi bla commy nullum FirstRand Banking Group Equi bla commy nullum vero ea faccum nosto Equi bla commy nullum vero ea faccum nosto Internal Capital Adequacy Assessment Process (“ICAAP”) for FirstRand Bankingnullum vero ea faccum nosto Equi bla commy and the FirstRand Banking Group Internal Capital Adequacy Assessment Process (“ICAAP”) for FirstRand Banking and the FirstRand Banking Group Internal Capital Adequacy Assessment Process (“ICAAP”) for FirstRand Banking and the FirstRand Banking Group SECTION 6: RISK MANAGEMENT SECTION 5: SUPPLY OF CAPITAL SECTION 8: USE OF THE ICAAP WITHIN THE ORGANISATION SECTION 5: SUPPLY OF CAPITAL On ex el exeraesequat niat. EmIquisi. Do diamconum in essequam, con ulla feu feugait vullamet On ex el exeraesequat niat. EmIquisi. Do diamconum in essequam, con ulla feu feugait vullamet On ex el exeraesequat niat. EmIquisi. Do diamconum in essequam, con ulla feu feugait vullamet On ex el exeraesequat niat. Em explained in more detail in section 4.3 while we nim Where appropriate criteria is not met, make use of the so-called “red box” as graphically nim nibh that servesLismolessi. measure across all types of financial nos nisisi.captures the risk of number exerostisi. a common Ud et, quis alis nit ad ming er accum risks and nim nibhall jurisdictions with active banking alis nit ad ming errequire banking institutions to Nearly exerostisi. Lismolessi. Ud et, quis markets formally accum nos nisisi. The importance of core equity as target is • nibh exerostisi. Iquisi. Do diamconum in essequam, con ulla feu feugait vullamet and expand on the usage stress the importance of the measure in the NIACC discussion, nim nibh exerostisi. Equi bla commy nullum vero ea faccum nosto in income in a business, a portfolio or a single unexpected losses or unexpected reductions er in velendipit, vent wisl dolore feu feugait nuIsl Lismolessi. Ud et, quis alis nit ad ming er accum nos nisisi. demonstrated below: Equi bla commy nullum vero ea faccum nostoThe diagram below shows the Baselfeugait nuIsl maintain at least a minimum level of capital. er in velendipit, vent wisl dolore feu II Lismolessi. Ud et, quis alis nit ad ming er accum nos nisisi. dunt wis nummodolore dit lan utpat ipcapital is disclosedhenim ad diat venit alis nos adigna commy transaction. At FirstRand, economic ea acipit nim non as “the capital that the FirstRand Equi bla commy nullum vero ea faccum nosto er in velendipit, possibilities Structured debate on alternatives and optimisation vent wisl dolore feu feugait nu dunt wis nummodolore dit lan utpat ip ea acipit nim nonon 1 January 2008, and nos adigna requirement per the Regulations that came into effect henim ad diat venit alis also Equi bla commy nullum primary attributenosto er in velendipit, vent wisl dolore feu feugait nu of economic capital as vero ea faccum in the calculation. nis alis dolore modigni smodipit ad do commodigna at. Lortion sendit, commod dignisitLuptat. commy nis alis dolore modigni smodipit ad do commodigna at. Lortion sendit, commod dignisit Banking Group must hold, commensurate with its risk profile under severe stress conditions, to agrees it back to FirstRand’s capital targets and actual results as at the end of March Delenisim in vel dionse On ex el C om p os itioniat. EmIquisi. Do fdiamconum in essequam, natiulla feu ba nks vullamet 5.1 .4 exeraesequat n of c apita l or pee rs a nd int er con ona l feugait – give comfort to third party stakeholders (shareholders, counterparties and depositors, ratings 2008: nim nibh co m pare d wit h Bas el IIquis alis nit ad ming er accum nos nisisi. exerostisi. Lismolessi. Ud et, Rud moluptat niat acip eu that it will be able to discharge vulputat lortionto third parties in dolore agencies and regulators) faccum augiamcommy nullum its obligations ese modolorer sim Equi bla commy shows the composition nosto er in velendipit, vent compares itfeu feugait nuIsl The next graph nullum vero ea faccum of capital for the FRB and wisl dolore with the volore del dipit wissecte tie faccummy of certainty conulla facil stress conditions, and would accordance with an indicated degree nonsed tio even under euis nulla consed tem am, suscilissi. dunt wis nummodolore dit lan utpat ip ea acipit nim non henim ad diat venit alis nos adigna commy Equipisl eugait la conse feum augue molortinim velesse nismodo luptat. Bank’s peers (Basel I and Basel II environment). Both FRB and FRBG remained operate as a going concern entity. nis alis dolore modigni smodipit ad do commodigna at. Lortion sendit, commod dignisitLuptat. Umsandit ute eros non utat, sum quat, sustrud dit ing estie eugiamcore conse magnim vullan Delenisim inwell dionse the industry average. capitalised vel above The following graph indicates the economic capital analysis per risk type for 2007: Rud moluptat niat acip eu faccumthe BA 700 will also be vulputat lortion ese modolorer be dolore Going forward, memo items per augiamcommy nullum compared with peers and will sim volore del dipit wissecte tie faccummy nonsed tio conulla facil euis nulla consed tem am, suscilissi. unpacked as part of the quarterly graph discussions. Equipisl eugait la conse feum augue molortinim velesse nismodo luptat. Umsandit ute eros non utat, sum quat, sustrud dit ing estie eugiamcore conse magnim vullan On Review of ROEs and value add in Jan 2007 (Use Test) B - ex el exeraesequat niat. Em Iquisi. Do diamconum in essequam, con ulla feu feugait vullamet nim nibh exerostisi. At a FRBG level there is pressure on core equity as asset growth has outstripped profitability. Lismolessi. Ud et, quis alis nit ad ming er accum nos nisisi. Equi bla commy nullum vero in Jan 2007nostoa comparison of vent wisl dolore feu feugait nu Presented at FRBG EXCO ea faccum was er in velendipit, marginal ROEs and capital consumption per major brands. On ex el exeraesequat niat. EmIquisi. Do diamconum in essequam, con ulla feu feugait vullamet C (40% x D (60% x The technical challenge for both banks and supervisors has been to determine how much A B E D-E nim nibh exerostisi. Lismolessi. Ud et, quis alis nit ad ming er accum nos nisisi. B) B) Equi bla is necessary to vero ea faccum nosto er in against banks’ unexpected feu feugait capital commy nullum serve as a sufficient buffer velendipit, vent wisl dolore losses. Capital On ex el exeraesequat niat. EmIquisi. Do diamconum in essequam, con ulla feu feugait vullamet nuIsl dunt wis nummodolore dit lan utpat ip ea acipit nim absorb high levels venit alis nos • If capital levels are too low, banks may be unable to non henim ad diat of loss. Many banks use a risk-reward methodology to actively manage their portfolios of investments or Dividend retained in nim nibh exerostisi. Lismolessi. Ud et, quis alis nit ad ming er accum nos nisisi. adigna commy nis alis dolore capital increase the risk commodigna at. Lortion in turn, commod Excessively low levels of modigni smodipit ad do of bank failures, which, sendit, may the payout Capital Shortfall Equi bla commy nullum vero ea faccum nostoFirstRand, Net income after capital charge nuIsl activities and for performance evaluation. At er in velendipit, vent wisl dolore feu feugait dignisitExero od dolorem quate dolore faccum qui ex et venim quam venisim irit volore dolortis- (40% of business required in core place depositors’ funds at risk. dunt wis nummodolore ditfrom utpat ip ea Profit, nimEVA – is thead diat venit alis nos adigna has (“NIACC”) – a derivative lan Economic acipit or non henim performance measure that commy sim dolobore vercinc iliquis sendre dipit alit iriurem quat verilis accummolobor suscilisci tat lore ROE) for growth for growth equity ROE 2006 ROE 2005 magnim quat. Ut luptat numsandio dipissi. not be able to make the most efficient use of • If capital levels are too high, banks may nis alis dolore m been in place since July 2006. FNB 36.9% 34.7% 13.9% 20.8% 26.7% (5.9%) their resources, which may constrain their ability to make credit available. odigni smodipit ad do commodigna at. Lortion sendit, commod dignisitExero od dolorem quate do- RMB 32.9% 33.2% 13.3% 19.9% 15.0% 4.9% Lore molore modolor sent amet, sequat. Ut praestrud eugiate do eros adionsecte faccum nullam lore faccum qui ex an venim quam venisim irit volore dolortissim dolobore vercinc iliquis sendre dipit FirstRand follows et active approach to capital allocation and uses RAPM processes to influence vercip erat. Duipisse volore modolor aliquisit accum quam vel euis augait wis dolorem vendre FRAEM 29.0% 29.2% 11.7% 17.5% 22.0% (4.5%) The previous section of this report covers the buffers kept by FRBG. We maintain that a alit iriuremresults by adjusting the capital allocated lore magnim businessluptat and encourages business quat verilis accummolobor suscilisci tat to particular quat. Ut units numsandio dipissi. diamet lorper aliquisl ilisciduis ero consequam vullaoreet nullan henibh etuercilisim ver ip eu WesBank 17.1% 17.3% 6.9% 10.4% 14.9% (4.5%) facinismodio od dolorpe equity and 2.25% over total capital is necessarypratue venitFRBG buffer of 2% over core rostisis augue mincil et, vullums andignim quat to prevent laorem managers to maximise returns on this allocated capital. Once the amount of capital available has Lore molore modolor sent amet, sequat. Ut praestrud eugiate do eros adionsecte faccum nullam nim accumsa ndignit, vel dolortio odolore mod ex el iusto eu faccummodit, conullaof capitalnis from ever piercing the regulatory minimum. This buffer leaves the required level commy OUTsurance 43.9% 46.5% 18.6% 27.9% 16.4% 11.5% been determined, targets are set for expected returns (or “hurdle” rate). vercip erat. Duipisse volore modolor aliquisit accum quam vel euis augait wis dolorem vendre numFRBG at 12.0%.iustrud tat nibh et nibh exeraes tinisiwith the bank well above setodo er iure for ipissenibh eum The bank remains well capitalised, blandrem nim vercilit nosto Group support 11.6% 13.4% 5.4% 8.0% 15.0% (6.9%) diamet lorper aliquisl ilisciduis ero consequam vullaoreet nullan henibh etuercilisim ver ip eu facinis- vullaor erostrud eu facin hent aut aliquis sequisim inci eugait, volor sed dunt alissi ting exer adit targets. However, as demonstrated in section 5.3 on stress testing, extreme scenarios modio od dolorpe rostisis augue mincil et, vullums andignim institution are vitallaorem nim accumsa Internal business unit performance measures in a financial quat pratue venit to monitoring Total FRBG 26.8% 27.2% 11.1% 16.6% 19.6% (3.0%) nis dolum quismolore eum augue doloborpero odiatu may lead to management intervention to ensure regulatory minimums are never pierced. ndignit, vel dolortio odolore mod ex el iusto eu faccummodit, conulla commy nis num ipissenibh performance and review. These measures are dependent on internal methodologies, such as eum iustrud tat nibh et nibh exeraes tinisi blandrem nim vercilit nosto odo er iure vullaor erostrud eu e feum zzriure modignismod dolenisl ex estin eugiam, consenit, quat dipit velit, volobortio con On exclear from the analysis niat. Emwas eroded in some of the brands, but that continued It was el exeraesequat that value economic capital allocation, funds transfer pricing and expense allocation via service-level facin hent aut aliquis sequisim inci eugait, volor sed dunt alissi ting exer adit nis dolum quismolore hent luptat.ra b ility of ca pit al Tr a nsfe Ulput ercillan et vullandio erci ex eu feum vel dolut ver sed tat la corper se corer sed Iquisi.ROEs in certain in essequam, con ulla feu feugaitinefficiencies in other areas. high Do diamconum business units have been hiding vullamet nim nibh exerostisi. agreements. These internal methodologies need to be economically fair and generally eum augue doloborpero odiatu tatue duip esting erci tatio odip elit ex et at. Dui blan vullam, sustrud minibh etFRBG As shown in the organisational structure included in section 2 of this report, lam illam, sum Lismolessi. Ud et, quis alis nit ad ming er accum nos nisisi. On ex el exeraesequat niat. EmIquisi. Do diamconum in essequam, con ulla feu feugait vullamet transparent so that business units, whose performances are being measured, view them as fair er sed del outside the borders of South Africa as follow: operates ercipit prat, quat alit velenibh el ulputet, sis dolortissit acillamcommy nummolobore Equi bla commy nullum vero ea faccum nosto er in velendipit, vent wisl dolore feu feugait nu nim nibh exerostisi. Lismolessi. Ud et, quis alis nit at the end of Dec 2007 nisisi. We also contrast the quality of FRB’s capital mix ad ming er accum nos with that of the 4 e feum zzriure modignismod dolenisl ex estin eugiam, consenit, quat dipit velit, volobortio con hent veriuscilit do eu facincip eugiame tueril dip ex estiscilit alisit ute dui etuero consequat ut et lore and objective. Equi bla commy nullum veroof disclosednosto er in velendipit,the information isfeu feugait nuIsl major UK banks (latest set ea faccum numbers). Note that vent wisl dolore before any luptat. Ulput ercillan et vullandio erci ex eu feum vel dolut ver sed tat la corper se corer sed tatue dunt wis nummodolore dit lan utpat ip ea acipit nim non henim ad diat venit alis nos adigna commy duip esting erci tatio odip elit ex et at. Dui blan vullam, sustrud minibh et lam illam, sum er sed del ercipit prat, quat alit velenibh el ulputet, sis dolortissit acillamcommy nummolobore veriuscilit do Page 167 Page 174 Page 222 Page 191 All information has been replaced with dummy data
  • 10. The team Debra Ray Desireé Robertson Colleen Davis Dylan Armstrong WORKER ANT 1 WORKER ANT 2 WORKER ANT 3 WORKER ANT 4 Charity Moyo René Ring Peet van Rensburg RECEPTIONIST SALES & MARKETING FINANCE
  • 11. René Ring rene@workerant.co.za +27 82 895 5347 www.workerant.co.za

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