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 2018
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   254 232 -3 1 65 -0 - - 20 568
Interest from allocated capital 42 31 - - - - - - -74 -
Total interest income 296 263 -3 1 65 -0 -  - -54 568
Commission income and other income 204 50 101 104 14 121 - - -51 542
Net return on financial investments **) 0 1 34 - - - 36 29 81 181
Total income  501 314 131 104 79 120 36 29 -24 1,290
Total operating expenses 199 95 124 112 36 103 - - -24 645
Ordinary operating profit 302 219 7 -8 42 17 36 29 1 645
 Loss on loans, guarantees etc.  -3 48 - - 4 - - - - 48
Result before tax including held for sale 305 171 7 -8 38 17 36 29 2 597
Post-tax return on equity*) 14.5% 10.1%               11.2%
                      
Balance (NOKm)                     
Loans and advances to customers 104,999 39,821 - - 6,908 - - - -664 151,065
Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt -36,537 -1,354 - - - - - - 0 -37,891
Allowance for credit losses -64 -950 - - -39 - - - - -1,053
Other assets  160 1,312 2,535 821 21 402 1,601 1,175 31,937 39,964
Total assets   68,558 38,829 2,535 821 6,890 402 1,601 1,175 31,272 152,083
                      
Deposits to customers  37,811 37,358 - - - - - - 769 75,937
Other liabilities and equity 30,747 1,471 2,535 821 6,890 402 1,601 1,175 30,503 76,146
Total liabilites and equity 68,558 38,829 2,535 821 6,890 402 1,601 1,175 31,272 152,083

 

 

Group 31 March 2017
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   228 246 -2 1 51 -1 - - 10 533
Interest from allocated capital 31 30 - - - - - - -60 -
Total interest income 259 276 -2 1 51 -1 -  -  -50 533
Commission income and other income 173 47 59 113 12 105 - - -55 455
Net return on financial investments **) 0 2 18 - - - 66 29 22 138
Total income  432 325 75 114 63 104 66 29 -83 1,126
Total operating expenses 201 89 72 110 33 89 - - -23 571
Ordinary operating profit 230 237 2 4 30 15 66 29 -60 555
 Loss on loans, guarantees etc.  0 87 - - 2 - - - -0 89
Result before tax including held for sale 230 150 2 4 28 15 66 29 -60 466
Post-tax return on equity*) 14.9% 9.6%               9.4%
                      
Balance (NOKm)                     
Loans and advances to customers 95,482 39,421 - - 5,746 - - - -611 140,038
Adv. of this to SpareBank 1 Boligkreditt -33,919 -2,003 - - - - - - 0 -35,921
Individual allowance for impairment on loan -23 -528 - - -11 - - - -2 -564
Group allowance for impairment on loan -90 -218 - - -21 - - - -20 -349
Other assets  167 192 1,867 1,002 10 288 1,543 1,217 32,552 38,838
Total assets   61,618 36,863 1,867 1,002 5,725 288 1,543 1,217 31,919 142,042
                      
Deposits to customers  34,943 35,778 - - - - - - -545 70,176
Other liabilities and equity 26,675 1,086 1,867 1,002 5,725 288 1,543 1,217 32,464 71,866
Total liabilites and equity 61,618 36,863 1,867 1,002 5,725 288 1,543 1,217 31,919 142,042
*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 15.0 percent to be in line with the capital plan.

 

 

**) Specification of net return on financial investments incl. Investment held for sale (NOKm) 31 Mar 2018 31 Mar 2017
Dividends 2 1
Capital gains shares 5 8
Gain/(loss) on derivatives 119 -3
Gain/(loss) on other financial instruments at fair value (FVO)  4 11
Foreign exchange gain/(loss)   11 6
Gain/(loss) on sertificates and bonds   -59 49
Gain/(loss) on shares and share derivatives at SpareBank 1 Markets  17 12
Gain/(loss) on financial instruments related to hedging 1 -16
Net return on financial instruments 98 66
SpareBank 1 Gruppen 36 66
SpareBank 1 Boligkreditt  3 -24
SpareBank 1 Næringskreditt 4 8
BN Bank 30 29
SpareBank 1 Kredittkort   5 2
SpareBank 1 Betaling   -3 -
Other companies 6 -10
Income from investment in associates and joint ventures 81 71
Total net return on financial investments 181 138
     
Fair value hedging    
Changes in fair value on hedging instrument   -145 -77
Changes in fair value on hedging item 145 61
Net Gain or Loss from hedge accounting 1 -16

 

 

Report and notes

© SpareBank 1 SMN