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 June 2017
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   470 488 -4 1 106 -1 - - -16 1,043
Interest from allocated capital 59 56 - - - - - - -115 -
Total interest income 529 544 -4 1 106 -1 -  -  -131 1,043
Commission income and other income 364 96 156 254 27 210 - - -115 993
Net return on financial investments **) 0 5 35 - - - 134 48 50 272
Total income  894 645 186 255 133 210 134 48 -196 2,308
Total operating expenses 391 194 170 235 67 174 - - -61 1,169
Ordinary operating profit 503 451 16 20 66 36 134 48 -135 1,139
 Loss on loans, guarantees etc.  1 166  -  - 8 - - - -0 175
Result before tax including held for sale 501 286 16 20 58 36 134 48 -135 964
Post-tax return on equity*) 16.2 % 9.5 %               9.9 %
                      
Balance (NOKm)                     
Loans and advances to customers 98,262 39,895 - - 6,207 - - - -564 143,800
Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt -34,345 -2,097 - - - - - - -0 -36,442
Individual allowance for impairment on loan -20 -584 - - -13 - - - -2 -619
Group allowance for impairment on loan -90 -218 - - -23 - - - -20 -351
Other assets  177 2,486 1,915 1,509 31 323 1,379 1,103 34,137 43,061
Total assets   63,984 39,483 1,915 1,509 6,202 323 1,379 1,103 33,550 149,449
                      
Deposits to customers  37,437 37,669 - - - - - - 453 75,559
Other liabilities and equity 26,547 1,814 1,915 1,509 6,202 323 1,379 1,103 33,097 73,891
Total liabilites  63,984 39,483 1,915 1,509 6,202 323 1,379 1,103 33,550 149,449

 

 

Group 30 June 2016
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   449 471 -4 2 88 -0 - - -64 942
Interest from allocated capital 25 20 - - - - - - -46 -
Total interest income 474 492 -4 2 88 -0  -   -  -110 942
Commission income and other income 338 97 108 216 -5 126 - - -30 849
Net return on financial investments **) 0 6 33 - - - 141 51 211 441
Total income  812 594 136 217 83 126 141 51 71 2,232
Total operating expenses 401 182 129 174 29 100 - - 2 1,016
Ordinary operating profit 412 412 7 43 54 26 141 51 71 1,217
 Loss on loans, guarantees etc.  7 274 2 - 6 - - - -1 287
Result before tax including held for sale 405 138 5 43 48 26 141 51 71 928
Post-tax return on equity*) 13.3 % 2.4 %               10.9 %
                      
Balance (NOKm)                     
Loans and advances to customers 89,299 37,454 - - 4,933 - - - 896 132,583
Adv. of this to SpareBank 1 Boligkreditt -33,044 -1,749 - - - - - - 0 -34,793
Individual allowance for impairment on loan -23 -379 - - -8 - - - -2 -412
Group allowance for impairment on loan -95 -304 - - -19 - - - 1 -418
Other assets  213 7 1,604 296 13 220 1,508 1,153 39,172 44,185
Total assets   56,349 35,029 1,604 296 4,919 220 1,508 1,153 40,066 141,145
                      
Deposits to customers  35,457 31,511 - - - - - - 63 67,031
Other liabilities and equity 20,892 3,519 1,604 296 4,919 220 1,508 1,153 40,003 74,114
Total liabilites  56,349 35,029 1,604 296 4,919 220 1,508 1,153 40,066 141,145
*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 15.0(14.5) percent to be in line with the capital plan.

 

**) Specification of net return on financial investments incl. Investment held for sale (NOKm) 30 June 2017 30 June 2016
Dividends 4 74
Capital gains shares 34 69
Gain/(loss) on derivatives -3 21
Gain/(loss) on other financial instruments at fair value (FVO)  15 20
Foreign exchange gain / (loss) 19 28
Gain/(Loss) on sertificates and bonds 187 3
Gain/(loss) on financial instruments related to hedging -152 -17
Net return on financial instruments 100 124
SpareBank 1 Gruppen 134 141
SpareBank 1 Boligkreditt  -37 22
SpareBank 1 Næringskreditt 13 15
BN Bank 50 51
SpareBank 1 Kredittkort 7 14
SpareBank 1 Mobilbetaling -14 -9
Other companies 14 11
Income from investment in associates and joint ventures 167 244
Total net return on financial investments 272 441
© SpareBank 1 SMN