Note 3 - Account by business line

As from 1 January 2014 the Bank's SMB portfolio is split up and assigned to Retail Banking and Corporate Banking respectively. Limited companies are transferred to Corporate Banking. Sole proprietorships, agricultural customers and associations etc are transferred to Retail Banking. Historical data have not been reworked owing to the difficulty of reconstructing such data at a sufficiently precise level.

For the subsidiaries the figures refer to the respective company accounts, while for joint ventures incorporated by the equity method the Group’s profit share is stated, after tax, as well as book value of the investment at group level.

Group 30 June 2014
Profit and loss account (NOKm) RM CM Markets EM 1 SB1 Finans MN SB1 Regnskaps-
huset SMN		 SB1 Gruppen BN Bank Uncollated Total
Net interest    404   411   -3 1 62   -0  -   -    -33   843
Interest from allocated capital 21 33 0   -   - -  -   -    -54   -
Total interest income   425   444   -3 1 62   -0  -   -    -87   843
Commission income and other income   383 80 12   177   -2 106  -   -  25   780
Net return on financial investments **) 0 13 20   -   - - 150 55   219   459
Total income *) 809 537 30 178 60 106 150 55 156 2,081
Total operating expenses 380 150 31 152 26 87 - - 57 884
Ordinary operating profit 428 387 -2 26 34 19 150 55 99 1,197
 Loss on loans, guarantees etc.  1 28 0   - 3 - - - 0 32
Result before tax including held for sale 427 359 -2 26 32 19 150 55 99 1,165
Post-tax return on equity 39.3 % 18.0 %               16.8 %
                     
Balance (NOKm)                    
Loans and advances to customers 75,490 34,656   -   - 3,511 -  -   -    903   114,561
Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt   -28,208   -1,146   -   -   - -  -   -    -1 -29,355
Individual allowance for impairment on loan   -28 -134   -   -   -13 -  -   -    -0 -176
Group allowance for impairment on loan   -90 -188   -   -   -16 -  -   -    - -295
Other assets   239   134   -   256 12 138 1,228 1,164 30,851   34,023
Total assets  47,403 33,322   -   256 3,494 138 1,228 1,164 31,753   118,758
                     
Deposits to customers 32,150 25,872   -   -   - - - - 1,386   59,408
Other liabilities and equity 15,253 7,450   -   256 3,494 138 1,228 1,164 30,367   59,351
Total liabilites 47,403 33,322   -   256 3,494 138 1,228 1,164 31,753   118,758

 

Group 30 June 2013
Profit and loss account (NOKm) RM SME Group Corporates Markets EM 1 SB1 Finans MN SB1 Regnskaps-
huset SMN		 SB1 Gruppen BN Bank Uncollated Total
Net interest    285   139   325   -2 2 58   -0  -   -    -61   746
Interest from allocated capital 5 1 19   -0   -   - -  -   -    -25   -
Total interest income   291   140   344   -2 2 58   -0  -   -    -86   746
Commission income and other income   310 38 42 19   174   -1 73  -   -  58   713
Net return on financial investments **) 0 1 11 27   -   - - 79 43 53   214
Total income *) 601 179 397 44 176 57 73 79 43 25 1,673
Total operating expenses 325 67 138 41 134 21 61 - - 61 850
Ordinary operating profit 277 112 259 2 42 35 12 79 43 -36 823
 Loss on loans, guarantees etc.  6 3 24   -   - 6 - - - -1 38
Result before tax including held for sale 270 109   235 2 42 29 12 79 43 -35 785
Post-tax return on equity 31.9 % 31.5 % 10.0 %               11.9 %
                       
Balance (NOKm)                      
Loans and advances to customers 63,875 8,827 32,420   -   - 3,224 -  -  -   622   108,968
Adv. of this to SpareBank 1 Boligkreditt   -30,485 -402 -577   -   -   - -  -  - 1,471 -29,992
Individual allowance for impairment on loan   -27   -18   -95   -   -   -13 -  -  - 0 -153
Group allowance for impairment on loan   -73   -30 -175   -   -   -16 -  -  -   -0 -295
Other assets   254 28   171   -   190 12 49 957 1,136 32,278   35,074
Total assets  33,544 8,405 31,744   -   190 3,207 49 957 1,136 33,958   113,190
                       
Deposits to customers 24,695 8,640 20,601   -   -   - 5 - - 1,354   55,294
Other liabilities and equity 8,850 -235 11,143   -   190   3,207 44 957 1,136 32,604   57,896
Total liabilites 33,544 8,405 31,744   -   190   3,207 49 957 1,136 33,958   113,190
*) A portion of capital market income (Markets) is distributed on RM and CM         

**) Specification of net return on financial investments (NOKm) 30 Jun 2014 30 Jun 2013
Capital gains/dividends, shares   214 26
Bonds and derivatives   -3 5
Forex and fixed income business, Markets 34 42
Net return on financial investments   245 74
SpareBank 1 Gruppen   150 79
SpareBank 1 Boligkreditt  12 13
SpareBank 1 Næringskreditt 20 3
BN Bank 55 43
SpareBank 1 Markets   -18   -
Other jointly controlled companies   -6 2
Income from investment in related companies   214   140
Total   459   214
© SpareBank 1 SMN