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 30 September 2016
Profit and loss account (NOKm) RM CM SB1 Markets EM 1 SB1 Finans MN SB1 Regnskaps- huset SMN SB1 Gruppen BN Bank Uncollated Total
Net interest   679 703 -7 3 135 0 - - -123 1,391
Interest from allocated capital 34 28 - - - - - - -61 -
Total interest income 713 731 -7 3 135 0  -   -  -184 1,391
Commission income and other income 513 148 153 327 -9 172 - - -45 1,260
Net return on financial investments **) 0 10 59 - - - 220 79 346 713
Total income  1,227 889 205 330 126 172 220 79 117 3,365
Total operating expenses 602 264 195 271 43 139 - - 7 1,521
Ordinary operating profit 625 625 10 59 83 33 220 79 109 1,844
 Loss on loans, guarantees etc.  10 398 4 - 9 - - - -3 417
Result before tax including held for sale 615 227 6 59 75 33 220 79 113 1,427
Post-tax return on equity*) 13.5 % 4.1 %               11.0 %
                      
Balance (NOKm)                     
Loans and advances to customers 91,655 38,312 - - 5,170 - - - -676 134,462
Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt -33,021 -1,872 - - - - - - 0 -34,893
Individual allowance for impairment on loan -24 -522 - - -10 - - - -2 -558
Group allowance for impairment on loan -95 -279 - - -18 - - - 1 -391
Other assets  203 47 1,636 323 9 213 1,590 1,181 35,995 41,196
Total assets   58,718 35,686 1,636 323 5,151 213 1,590 1,181 35,317 139,815
                      
Deposits to customers  34,911 31,441 - - - - - - -63 66,290
Other liabilities and equity 23,807 4,245 1,636 323 5,151 213 1,590 1,181 35,380 73,526
Total liabilites  58,718 35,686 1,636 323 5,151 213 1,590 1,181 35,317 139,815

 

Group 30 September 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   672 685 -2 2 112 -0 - - -70 1,399
Interest from allocated capital 37 44 - - - - - - -81 -
Total interest income 709 729 -2 2 112 -0  -   -  -151 1,399
Commission income and other income 530 135 25 282 24 153 - - 19 1,168
Net return on financial investments **) 1 11 31 - - - 183 31 93 349
Total income  1,239 874 55 284 136 153 183 31 -39 2,917
Total operating expenses 565 258 118 244 68 127 - - 36 1,416
Ordinary operating profit 674 617 -63 39 68 26 183 31 -74 1,501
 Loss on loans, guarantees etc.  6 100 - - 5 - - - 1 112
Result before tax including held for sale 668 517 -63 39 63 26 183 31 -76 1,388
Post-tax return on equity*) 16.2 % 12.9 %               11.5 %
                      
Balance (NOKm)                     
Loans and advances to customers 83,077 37,781 - - 4,199 - - - 1,124 126,180
Adv. of this to SpareBank 1 Boligkreditt -29,993 -1,269 - - - - - - -1 -31,263
Individual allowance for impairment on loan -24 -158 - - -7 - - - -2 -191
Group allowance for impairment on loan -90 -218 - - -17 - - - -0 -326
Other assets  140 9 1,316 281 14 137 1,453 1,145 30,341 34,836
Total assets   53,109 36,144 1,316 281 4,189 137 1,453 1,145 31,462 129,237
                      
Deposits to customers  33,449 29,567 - - - - - - 604 63,620
Other liabilities and equity 19,660 6,578 1,316 281 4,189 137 1,453 1,145 30,858 65,617
Total liabilites  53,109 36,144 1,316 281 4,189 137 1,453 1,145 31,462 129,237
*) 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 14.5 percent to be in line with the capital plan.

 

**) Specification of net return on financial investments incl. Investment held for sale (NOKm) 2016 2015
Capital gains/dividends, shares 110 79
Bonds and derivatives 158 -73
Change in discount factor in fair value model for fixed interest loans - -64
Forex and fixed income business, Markets 99 82
Net return on financial investments 368 24
SpareBank 1 Gruppen 220 183
SpareBank 1 Boligkreditt  9 65
SpareBank 1 Næringskreditt 20 22
BN Bank 79 31
SpareBank 1 Kredittkort   20 15
Companies owned by SpareBank 1 SMN Invest   19 13
Other companies -22 -3
Income from investment in associates and joint ventures 346 326
Total net return on financial investments 713 349
© SpareBank 1 SMN