Income statement

Parent bank     Group
4Q 13 4Q 14 2013 2014 (NOKm) Note 2014 2013 4Q 14 4Q 13
1,053 1,091 4,092 4,223 Interest income    4,265 4,118 1,103 1,059
651 647 2,604 2,578 Interest expenses    2,475 2,502 618 624
402 444 1,487 1,644 Net interest  1 1,790 1,616 485 436
261 262 970 1,031 Commission income   1,281 1,230 323 323
21 33 81 104 Commission expenses   113 94 33 25
11 12 57 47 Other operating income   344 327 81 84
252 241 946 973 Commission income and other income   1,512 1,463 371 382
0 - 371 311 Dividends   65 41 5 0
- - - - Income from investment in related companies   527 355 144 98
50 9 176 197 Net return on financial investments 1.2 128 106 -58 58
50 9 547 508 Net return on financial investments   720 502 91 156
704 694 2,981 3,125 Total income   4,021 3,580 947 974
143 184 592 645 Staff costs   1,002 923 267 222
107 104 357 410 Administration costs   500 447 129 134
61 61 248 209 Other operating expenses   287 351 83 110
311 349 1,197 1,265 Total operating expenses  4 1,789 1,721 479 465
393 344 1,783 1,860 Result before losses   2,232 1,859 467 508
25 32 82 83 Loss on loans, guarantees etc. 2,6,7 89 101 34 32
368 313 1,701 1,777 Result before tax 3 2,143 1,758 434 476
108 60 358 330 Tax charge   362 388 60 110
- - 6 - Result investment held for sale, after tax 3 0 30 0 -4
260 253 1,348 1,447 Net profit   1,782 1,400 375 361
        Majority share   1,772 1,390 372 359
        Minority interest   10 10 2 2
                   
        Profit per ECC   8.87 6.97 1.87 1.80
        Diluted profit per ECC   8.82 6.92 1.85 1.79

 

Other comprehensive income

Parent bank    Group
4Q 13 4Q 14 2013 2014 (NOKm) 2014 2013 4Q 14 4Q 13
260 253 1,348 1,447 Net profit 1,782 1,400 375 361
        Items that will not be reclassified to profit/loss        
-9 -23 -9 -111 Actuarial gains and losses pensions -117 -11 -21 -11
3 5 3 29 Tax  31 3 6 3
- - - - Share of other comprehensive income of associates and joint venture -9 11 -12 11
-7 -17 -7 -82 Total -94 3 -27 3
                  
        Items that will be reclassified to profit/loss        
- - - - Available-for-sale financial assets  -2 -6 -2 -6
- - - - Share of other comprehensive income of associates and joint venture 0 14 0 6
- - - - Tax   - - - -
- - - - Total  -2 8 -2 1
253 235 1,342 1,365 Total other comprehensive income 1,685 1,411 345 365
        Majority share of comprehensive income 1,676 1,401 343 363
        Minority interest of comprehensive income 10 10 2 2
Other comprehensive income comprise items reflected directly in equity capital that are not transactions with owners, cf. IAS 1.

Key figures

Parent bank   Group
4Q 13 4Q 14 2013 2014 Result as per cent of average total assets: 2014 2013 4Q 14 4Q 13
1.43 1.48 1.34 1.41 Net interest 1.52 1.44 1.59 1.53
0.90 0.80 0.85 0.84 Commission income and other income 1.28 1.31 1.22 1.34
0.18 0.03 0.49 0.44 Net return on financial investments 0.61 0.45 0.30 0.55
1.11 1.16 1.08 1.09 Total operating expenses 1.52 1.54 1.58 1.64
1.40 1.15 1.61 1.60 Result before losses 1.89 1.66 1.54 1.79
0.09 0.11 0.07 0.07 Loss on loans, guarantees etc. 0.08 0.09 0.11 0.11
1.31 1.04 1.54 1.53 Result before tax 1.82 1.57 1.43 1.67
0.44 0.50 0.40 0.40 Cost -income ratio 0.44 0.48 0.51 0.48
    73 % 72 % Loan-to-deposit ratio 69 % 70 %    
10.7 % 9.4 % 14.7 % 14.1 % Return on equity  15.1 % 13.3 % 12.1 % 13.1 %
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