Note 3 - Account by business line

    Group 30 Sept 2011
Profit and loss account (NOK million) RM CM Markets EM 1 SMN Finans Allegro SMN Regnskap Uncollated Total
Net interest  385 584 9 4 71 1 0 -89 965
Allocated   22 91 2   -   -   - - -115   -
Total interest income 408 675 12 4 71 1 0 -204 965
Commission income and other income 264 100 16 226 -1 9 54 21 687
Net return on financial investments **) 3 26 41 0 0   - 0 295 365
Total income *) 675 800 68 230 70 10 54 112 2,017
Total operating expenses 452 259 62 174 35 13 49 27 1,070
Ordinary operating profit 223 541 7 55 34 -3 5 85 948
 Loss on loans, guarantees etc.  7 -17   -   - 12   - - 0 1
Result before tax 217 559 7 55 23 -3 5 85 946
Post-tax return on equity 23.2 % 14.8 %             12.5 %
                     
Balance (NOK million)                  
Loans and advances to customers 50,730 37,499   -   - 2,942   - -3 1,505 92,671
Adv. of this to Boligkreditt -20,132 -245   -   -   -   - - -725 -21,101
Individual allowance for impairment on loan -31 -103   -   - -24   - - 0 -159
Group allowance for impairment on loan 0 0   -   - -16   - - -273 -290
Other assets 184 202   - 151 -2,476 17 21 30,788 28,888
Total assets  30,750 37,353   - 151 425 17 18 31,295 100,009
                     
Deposits to customers 20,519 23,932   -   -   -   - - 1,573 46,024
Other liabilities and equity 10,231 13,422   - 151 425 17 21 29,718 53,985
Total liabilites 30,750 37,353   - 151 425 17 18 31,295 100,009

 

    Group 30 Sept 2010
Profit and loss account (NOK million) RM CM Markets EM 1 SMN Finans Allegro SMN Regnskap Uncollated Total
Net interest  394 524 15 3 69 1 0 -88 917
Allocated   10 42 1   -   -   - - -53   -
Total interest income 404 566 16 3 69 1 0 -141 917
Commission income and other income 276 98 21 187 4 7 40 -1 632
Net return on financial investments **) 1 12 25   - 1   - 0 253 292
Total income *) 682 675 62 190 74 7 40 111 1,841
Total operating expenses 414 232 60 145 26 12 29 -90 829
Ordinary operating profit 267 443 2 45 47 -5 11 201 1,012
 Loss on loans, guarantees etc.  4 84   -   - 20   - - 0 108
Result before tax 263 359 2 45 27 -5 11 201 904
Post-tax return on equity 28.1 % 9.7 %             13.9 %
                     
Balance (NOK million)                  
Loans and advances to customers 46,035 35,632   -   - 2,991   - - 1,387 86,046
Adv. of this to Boligkreditt -18,020 -258   -   -   -   - - -699 -18,977
Individual allowance for impairment on loan -34 -213   -   - -36   - -   - -283
Group allowance for impairment on loan 0 0   -   - -15   - - -273 -289
Other assets 207 170   - 115 16 -1 14 28,310 28,830
Total assets  28,188 35,331   - 115 2,956 -1 14 28,724 95,327
                     
Deposits to customers 19,349 18,925   -   -   -   - - 369 38,643
Other liabilities and equity 8,840 16,407   - 115 2,956 -1 14 28,355 56,684
Total liabilites 28,188 35,331   - 115 2,956 -1 14 28,724 95,327

  

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

**) Specification of net return on financial investments (NOKm) 30 Sept 2011 30 Sept 2010
Income from investment in related companies 171 167
adv. of this from SpareBank1 Gruppen 50 103
adv. of this from BN Bank ASA 73 34
adv. of this from Bank 1 Oslo 14 32
Net gain and dividends on securities 66 56
adv. of this from SpareBank 1 SMN Invest 51 -22
Net gain on bonds 71 38
Net gain on trading and derivatives SMN Markets 56 31
Net return on financial investments 365 292

 

 

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