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 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   768 730 -11 2 200 -0 - - 70 1,759
Interest from allocated capital 132 98 - - - - - - -229 -
Total interest income 900 827 -11 2 200 -0 -  -  -160 1,759
Commission income and other income 590 150 337 389 46 337 - - -215 1,634
Net return on financial investments **) 0 15 75 - - - 189 70 470 820
Total income  1,490 993 401 391 247 336 189 70 96 4,212
Total operating expenses 597 278 380 385 115 280 - - -113 1,922
Ordinary operating profit 893 714 21 6 131 57 189 70 209 2,290
 Loss on loans, guarantees etc.  18 153 - - 24 - - - 0 196
Result before tax including held for sale 874 561 21 6 107 57 189 70 209 2,094
Post-tax return on equity*) 13.1 % 10.8 %               13.3 %
                      
Balance                    
Loans and advances to customers 111,207 39,716 - - 7,546 - - - -644 157,825
Adv. of this sold to SB1 Boligkreditt and SB1 Næringskreditt -37,796 -1,986 - - - - - - - -39,782
Allowance for credit losses -96 -749 - - -44 - - - - -890
Other assets  123 2,434 3,212 1,534 16 384 1,469 1,216 32,043 42,184
Total assets   73,438 39,167 3,212 1,534 7,519 384 1,469 1,216 31,398 159,337
                      
Deposits to customers  39,879 37,201 - - - - - - 450 77,529
Other liabilities and equity 33,559 1,967 3,212 1,534 7,519 384 1,469 1,216 30,948 81,808
Total liabilites and equity 73,438 39,167 3,212 1,534 7,519 384 1,469 1,216 31,398 159,337

 

 

Group 30 September 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   728 730 -11 1 165 -1  -   -  23 1,636
Interest from allocated capital 92 84  -   -   -   -   -   -  -175  - 
Total interest income 819 814 -11 1 165 -1  -   -  -152 1,636
Commission income and other income 576 151 239 371 41 285  -   -  -189 1,475
Net return on financial investments **) - 9 50  -   -   -  214 70 162 507
Total income  1,396 974 279 373 206 284 214 70 -179 3,618
Total operating expenses 598 276 289 360 101 239  -   -  -111 1,751
Ordinary operating profit 798 699 -10 12 105 45 214 70 -68 1,867
 Loss on loans, guarantees etc.  3 249  -   -  12  -   -   -  - 263
Result before tax including held for sale 796 450 -10 12 94 45 214 70 -68 1,604
Post-tax return on equity*) 16.3 % 10.1 %               10.8 %
                      
Balance                    
Loans and advances to customers 100,745 40,419  -   -  6,502  -   -   -  -520 147,146
Adv. of this sold to SpareBank 1 Boligkreditt -34,361 -2,090  -   -   -   -   -   -  - -36,451
Individual allowance for impairment on loan -20 -665  -   -  -12  -   -   -  -2 -700
Group allowance for impairment on loan -90 -218  -   -  -23  -   -   -  -15 -346
Other assets  157 928 2,076 899 15 307 1,460 1,126 30,297 37,265
Total assets   66,430 38,374 2,076 899 6,482 307 1,460 1,126 29,759 146,913
                      
Deposits to customers  36,974 36,275  -   -   -   -   -   -  -164 73,086
Other liabilities and equity 29,456 2,099 2,076 899 6,482 307 1,460 1,126 29,923 73,828
Total liabilites and equity 66,430 38,374 2,076 899 6,482 307 1,460 1,126 29,759 146,913
*) 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 per 31 December 2018

 

 

**) Specification of net return on financial investments incl. Investment held for sale (NOKm) 30 Sept 2018 30 Sept 2017
Dividends 6 5
Capital gains shares (incl dividends) 144 46
Gain/(loss) on derivatives 192 32
Gain/(loss) on other financial instruments at fair value (FVO)  23 11
Foreign exchange gain/(loss)   47 26
Gain/(loss) on sertificates and bonds   -81 81
Gains/(Loss) on shares and share derivatives at SpareBank 1 Markets  52 33
Gain/(loss) on financial instruments related to hedging   -5 -20
Net return on financial instruments 370 209
SpareBank 1 Gruppen 189 214
SpareBank 1 Boligkreditt  2 -26
SpareBank 1 Næringskreditt 10 18
BN Bank 73 70
SpareBank 1 Kredittkort   17 11
SpareBank 1 Betaling    -9 -14
Other companies 162 19
Income from investment in associates and joint ventures 443 293
Total net return on financial investments 820 507
     
Fair value hedging    
Changes in fair value on hedging instrument -209 -147
Changes in fair value on hedging item 204 127
Net Gain or Loss from hedge accounting -5 -20

 

 

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