Note 3 - Account by business line

    Group 31 Dec 2011
Profit and loss account (NOK million) RM CM Markets EM 1 SMN Finans Allegro SMN Regnskap Uncollated Total
Net interest    521 783 10 5 94 1 0 -132 1,281
Allocated   29 117 3 - - - - -150 -
Total interest income 551 900 13 5 94 1 0 -281 1,281
Commission income and other income 327 132 24 308 -1 12 79 38 919
Net return on financial investments **) 6 36 64 0 -1 - 0 483 588
Total income *)  883 1,069 101 313 92 12 79 239 2,789
Total operating expenses 603 352 99 237 50 18 74 49 1,482
Ordinary operating profit 280 717 2 76 42 -5 5 189 1,306
 Loss on loans, guarantees etc.  7 5 - - 15 - - 0 27
Result before tax 273 712 2 76 27 -5 5 189 1,279
Post-tax return on equity 21.3 % 13.8 %             12.8 %
                     
Balance (NOK million)                  
Loans and advances to customers 52,055 38,655 - - 2,941 - 0 1,580 95,232
Adv. of this to SpareBank 1 Boligkreditt -21,079 -257 - - - - - -790 -22,126
Individual allowance for impairment on loan -31 -120 - - -22 - - 0 -172
Group allowance for impairment on loan - - - - -16 - - -273 -290
Other assets   265 609 - 146 -2,461 17 18 30,216 28,812
Total assets   31,210 38,888 - 146 443 17 19 30,732 101,455
                     
Deposits to customers 21,185 25,345 - - - - - 1,340 47,871
Other liabilities and equity 10,025 13,543 - 146 443 17 18 29,392 53,584
Total liabilites  31,210 38,888 - 146 443 17 19 30,732 101,455

 

    Group 31 Dec 2010
Profit and loss account (NOK million) RM CM Markets EM 1 SMN Finans Allegro SMN Regnskap Uncollated Total
Net interest    579 714 18 4 93 1 0 -198 1,210
Allocated   13 56 1 - - - - -70 -
Total interest income 592 770 19 4 93 1 0 -269 1,210
Commission income and other income 319 135 30 245 5 19 51 51 855
Net return on financial investments **) 2 16 19 0 1 - 0 452 490
Total income *)  913 921 68 249 99 20 51 235 2,555
Total operating expenses 468 278 67 198 39 18 40 32 1,140
Ordinary operating profit 445 642 1 51 60 2 11 203 1,414
 Loss on loans, guarantees etc.  4 104 - - 24 - - 0 132
Result before tax 441 539 1 51 35 2 11 203 1,282
Post-tax return on equity 25.5 % 12.0 %             14.6 %
                     
Balance (NOK million)                  
Loans and advances to customers 46,932 36,379 - - 2,965 - - 1,389 87,665
Adv. of this to SpareBank 1 Boligkreditt -16,906 -239 - - - - - -672 -17,818
Individual allowance for impairment on loan -32 -155 - - - - - -36 -222
Group allowance for impairment on loan - - - - - - - -290 -290
Other assets   249 160 - 97 -2,458 3 13 30,598 28,662
Total assets   30,243 36,145 - 97 507 3 13 30,989 97,997
                     
Deposits to customers 19,098 22,709 - - - - - 979 42,786
Other liabilities and equity 11,145 13,437 - 97 507 3 13 30,010 55,212
Total liabilites  30,243 36,145 - 97 507 3 13 30,989 97,997

*) A portion of capital market income (Markets) is distributed on RM and CM

**) Specification of net return on financial investments (NOKm) 31.12.11 31.12.10
Income from investment in related companies 290 249
adv. of this from SpareBank1 Gruppen 96 164
adv. of this from BN Bank ASA 89 59
adv. of this from Bank 1 Oslo Akershus AS 15 37
adv. of this SpareBank 1 Boligkreditt   16 16
adv. of this SpareBank 1 Næringskreditt   9 2
adv. of this Polaris Media    23 0
Net gain and dividends on securities 101 121
adv. of this from SpareBank 1 SMN Invest 92 -19
Net gain on bonds 100 80
Net gain on trading and derivatives SMN Markets 96 39
Net return on financial investments 588 490
© SpareBank 1 SMN