Note 3 - Account by business line
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 31 March 2015 | |||||||||||
| 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 | 221 | 216 | -15 | 1 | 40 | 0 | - | - | 4 | 467 | |
| Interest from allocated capital | 18 | 19 | 0 | - | - | - | - | - | -36 | - | |
| Total interest income | 239 | 235 | -15 | 1 | 40 | 0 | - | - | -32 | 467 | |
| Commission income and other income | 173 | 43 | 3 | 83 | -5 | 53 | - | - | 28 | 377 | |
| Net return on financial investments ***) | 0 | 4 | 43 | 0 | 0 | - | 59 | 18 | 72 | 197 | |
| Total income *) | 411 | 282 | 32 | 83 | 35 | 53 | 59 | 18 | 67 | 1,042 | |
| Total operating expenses | 199 | 99 | 10 | 76 | 13 | 45 | - | - | 11 | 454 | |
| Ordinary operating profit | 212 | 183 | 21 | 8 | 23 | 8 | 59 | 18 | 56 | 588 | |
| Loss on loans, guarantees etc. | 3 | 17 | - | - | 2 | - | - | - | 0 | 22 | |
| Result before tax including held for sale | 209 | 165 | 21 | 8 | 21 | 8 | 59 | 18 | 56 | 566 | |
| Post-tax return on equity**) | 15.5 % | 11.9 % | 14.1 % | ||||||||
| Balance (NOKm) | |||||||||||
| Loans and advances to customers | 79,184 | 38,606 | - | - | 3,638 | - | - | - | 1,504 | 122,933 | |
| Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt | -29,250 | -1,371 | - | - | - | - | - | - | -1 | -30,622 | |
| Individual allowance for impairment on loan | -26 | -125 | - | - | -8 | - | - | - | -2 | -160 | |
| Group allowance for impairment on loan | -90 | -188 | - | - | -16 | - | - | - | - | -295 | |
| Other assets | 224 | 5 | - | 283 | 4 | 123 | 1,482 | 1,220 | 28,491 | 31,831 | |
| Total assets | 50,042 | 36,926 | - | 283 | 3,619 | 123 | 1,482 | 1,220 | 29,993 | 123,687 | |
| Deposits to customers | 31,782 | 28,219 | - | - | - | - | - | - | 588 | 60,589 | |
| Other liabilities and equity | 18,260 | 8,708 | - | 283 | 3,619 | 123 | 1,482 | 1,220 | 29,404 | 63,098 | |
| Total liabilites | 50,042 | 36,926 | - | 283 | 3,619 | 123 | 1,482 | 1,220 | 29,993 | 123,687 | |
| Group 31 March 2014 | |||||||||||
| Profit and loss account (NOKm) | RM | SME | Markets | EM 1 | SB1 Finans MN | SB1 Regnskaps huset SMN | SB1 Gruppen | BN Bank | Uncollated | Total | |
| Net interest | 197 | 206 | -3 | -1 | 32 | 0 | - | - | -20 | 412 | |
| Interest from allocated capital | 9 | 14 | 0 | - | - | - | - | - | -23 | - | |
| Total interest income | 206 | 220 | -2 | -1 | 32 | 0 | - | - | -43 | 412 | |
| Commission income and other income | 194 | 38 | 8 | 79 | -0 | 50 | - | - | 18 | 385 | |
| Net return on financial investments ***) | 0 | 9 | 11 | - | 0 | - | 46 | 25 | 168 | 259 | |
| Total income *) | 400 | 267 | 17 | 78 | 31 | 50 | 46 | 25 | 142 | 1,055 | |
| Total operating expenses | 204 | 84 | 16 | 75 | 13 | 43 | - | - | 7 | 441 | |
| Ordinary operating profit | 196 | 182 | 1 | 3 | 19 | 7 | 46 | 25 | 135 | 614 | |
| Loss on loans, guarantees etc. | 1 | 14 | - | - | 2 | - | - | - | 0 | 17 | |
| Result before tax including held for sale | 195 | 169 | 1 | 3 | 17 | 7 | 46 | 25 | 137 | 598 | |
| Post-tax return on equity**) | 36.3 % | 16.5 % | 17.7 % | ||||||||
| Balance (NOKm) | |||||||||||
| Loans and advances to customers | 73,812 | 33,579 | - | - | 3,382 | - | - | - | 1,026 | 111,800 | |
| Adv. of this to SpareBank 1 Boligkreditt | -31,054 | -1,138 | - | - | - | - | - | - | -3 | -32,194 | |
| Individual allowance for impairment on loan | -28 | -128 | - | - | -17 | - | - | - | 0 | -173 | |
| Group allowance for impairment on loan | -90 | -188 | - | - | -16 | - | - | - | - | -295 | |
| Other assets | 202 | 29 | - | 281 | 6 | 140 | 1,161 | 1,213 | 29,439 | 32,471 | |
| Total assets | 42,842 | 32,154 | - | 281 | 3,355 | 140 | 1,161 | 1,213 | 30,463 | 111,609 | |
| Deposits to customers | 29,314 | 24,969 | - | - | - | - | - | - | 360 | 54,643 | |
| Other liabilities and equity | 13,528 | 7,185 | - | 281 | 3,355 | 140 | 1,161 | 1,213 | 30,103 | 56,966 | |
| Total liabilites | 42,842 | 32,154 | - | 281 | 3,355 | 140 | 1,161 | 1,213 | 30,463 | 111,609 | |
| *) A portion of capital market income (Markets) is distributed on RM and CM | |||||||||||
| **) As from the third quarter 2014, calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 13.5 percent to be in line with the capital plan | |||||||||||
| ***) Specification of net return on financial investments (NOKm) | 31 Mar 2015 | 31 Mar 2014 | |||
| Capital gains/dividends, shares | 10 | 156 | |||
| Bonds and derivatives | 11 | -1 | |||
| Forex and fixed income business, Markets | 48 | 20 | |||
| Net return on financial investments | 69 | 175 | |||
| SpareBank 1 Gruppen | 59 | 46 | |||
| SpareBank 1 Boligkreditt | 41 | 8 | |||
| SpareBank 1 Næringskreditt | 8 | 11 | |||
| BN Bank | 18 | 25 | |||
| SpareBank 1 Markets | -2 | -4 | |||
| SpareBank 1 Kredittkort | 4 | -2 | |||
| Companies owned by SpareBank 1 SMN Invest | - | - | |||
| Other companies | -1 | 1 | |||
| Income from investment in related companies | 128 | 84 | |||
| Total | 197 | 259 | |||
