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 December 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   906 960 -8 4 183 0 - - -163 1.883
Interest from allocated capital 47 40 - - - - - - -86 -
Total interest income 953 1.000 -8 4 183 0  -   -  -249 1.883
Commission income and other income 679 196 212 426 -11 234 - - -62 1.674
Net return on financial investments **) 1 9 88 - - - 317 86 448 949
Total income  1.633 1.205 292 430 172 235 317 86 137 4.506
Total operating expenses 770 332 282 363 55 191 - - 11 2.003
Ordinary operating profit 863 873 10 68 117 44 317 86 125 2.503
 Loss on loans, guarantees etc.  13 490 0 - 13 - - - 1 516
Result before tax including held for sale 850 384 10 68 104 44 317 86 124 1.988
Post-tax return on equity*) 13,8 % 6,9 %               11,3 %
                      
Balance (NOKm)                     
Loans and advances to customers 93.757 38.938 - - 5.430 - - - -590 137.535
Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt -33.307 -1.903 - - - - - - -0 -35.211
Individual allowance for impairment on loan -24 -596 - - -11 - - - -2 -632
Group allowance for impairment on loan -90 -228 - - -20 - - - -0 -339
Other assets  177 35 1.702 322 16 218 1.476 1.186 31.594 36.726
Total assets   60.514 36.245 1.702 322 5.414 218 1.476 1.186 31.002 138.080
                      
Deposits from and debt to customers  34.856 32.401 - - - - - - -89 67.168
Other liabilities and equity 25.658 3.845 1.702 322 5.414 218 1.476 1.186 31.091 70.912
Total liabilites & Equity  60.514 36.245 1.702 322 5.414 218 1.476 1.186 31.002 138.080

 

 

Group 31 December 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   907 922 -2 4 154 -0 - - -112 1.872
Interest from allocated capital 41 48 - - - - - - -89 -
Total interest income 948 971 -2 4 154 -0  -   -  -202 1.872
Commission income and other income 715 180 56 360 33 197 - - 5 1.545
Net return on financial investments **) 1 13 50 - - - 251 41 101 458
Total income  1.663 1.164 104 364 187 197 251 41 -96 3.875
Total operating expenses 779 353 188 317 97 162 - - 35 1.931
Ordinary operating profit 884 810 -85 47 91 35 251 41 -131 1.944
 Loss on loans, guarantees etc.  11 151 - - 8 - - - -2 169
Result before tax including held for sale 873 659 -85 47 83 35 251 41 -129 1.776
Post-tax return on equity*) 15,8 % 12,4 %               10,7 %
                      
Balance (NOKm)                     
Loans and advances to customers 84.981 37.226 - - 4.376 - - - 796 127.378
Adv. of this to SpareBank 1 Boligkreditt -32.061 -1.343 - - - - - - 0 -33.404
Individual allowance for impairment on loan -28 -146 - - -7 - - - -2 -183
Group allowance for impairment on loan -95 -264 - - -18 - - - 1 -376
Other assets  140 3 1.456 281 4 144 1.509 1.157 33.803 38.499
Total assets   52.937 35.476 1.456 281 4.355 144 1.509 1.157 34.598 131.914
                      
Deposits from and debt to customers  33.534 30.367 - - - - - - 188 64.090
Other liabilities and equity 19.402 5.108 1.456 281 4.355 144 1.509 1.157 34.410 67.824
Total liabilites & Equity 52.937 35.476 1.456 281 4.355 144 1.509 1.157 34.598 131.914
*) 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 149 62
Bonds and derivatives 236 -90
Change in discount factor in fair value model for fixed interest loan  - -64
Forex and fixed income business, Markets 136 102
Net return on financial investments 521 11
SpareBank 1 Gruppen 317 251
SpareBank 1 Boligkreditt  -17 80
SpareBank 1 Næringskreditt 29 30
BN Bank 86 41
SpareBank 1 Kredittkort 24 21
Companies owned by SpareBank 1 SMN Invest 15 27
SpareBank 1 Mobilbetaling -27 -2
Other companies 0 -2
Income from investment in associates and joint ventures  427  448
Total net return on financial investments  949 458
© SpareBank 1 SMN