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

 

 

Report and notes

© SpareBank 1 SMN