Note 17 - Earnings per EC

Equity certificate (EC) holders' share of the profit is calculated as after-tax profit distributed in relation to the average number of ECs in the financial year. No options contracts are attached to the ECs so that diluted profit is consistent with earnings per EC. Upon presentation of accounts for 2016, earnings per EC were incorrectly stated as NOK 8.11. This has now been corrected in the comparative figures.

 

(mill. kr) 31 Dec 2017 31 Dec 2016
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  1,763 1,606
Allocated to ECC Owners 2)  1,128 1,027
Issues Equity Captial Certificates adjusted for own certificates 129,507,851 129,534,387
Earnings per Equity Captial Certificate 8.71 7.93
     
     
     
Adjusted Net Profit 1)  31 Dec 2017 31 Dec 2016
Net Profit for the group 1,828 1,681
adjusted for non-controlling interests share of net profit -32 -41
Adjusted for Tier 1 capital holders share of net profit -33 -34
Adjusted Net Profit 1,763 1,606

 

Equity capital certificate ratio (parent bank) 2)     
(NOKm) 31 Dec 2017 31 Dec 2016
ECC capital 2,597 2,597
Dividend equalisation reserve 5,079 4,490
Premium reserve 895 895
Unrealised gains reserve 81 81
Other equity capital - -
A. The equity capital certificate owners' capital 8,652 8,063
Ownerless capital 4,831 4,499
Unrealised gains reserve 45 45
Other equity capital - -
B. The saving bank reserve 4,877 4,545
To be disbursed from gift fund 322 220
Dividend declared 571 389
Equity ex. hybrid capital 14,422 13,216
Equity capital certificate ratio A/(A+B) 63.95 % 63.95 %
     
Equity capital certificate ratio for distribution 63.95 % 63.95 %
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