Note 7 - Losses

Provision for expected credit lossen on loans and guarantees are presented after implementation of IFRS 9 from january 1, 2018. See note 2 and 45 in the annual report for 2017 for detailed information about the implementation effect and transition. Comparative figures have not been restated, and the information about first half 2017 has been presented below in accordance with previous rules in IAS 32. 

Parent Bank        
  30 june 2018   
(NOKm) 1 January 18 Change in provision Net write-offs/  recoveries  30 June 18
Loans as amortised cost- CM 1,017 33 14 1,063
Loans as amortised cost- RM 32 3 0 35
Loans at fair value over OCI- RM 65 3 -0 68
Provision for expected credit losses on loans and guarantees  1,114 39 13 1,166
Presented as        
Provision for loan losses        1,064
Other debt- provisons       85
Other comprehensive income- fair value adjustment        17
         
         
         
Group        
  30 June 2018  
(NOKm)  1 January 18 Change in provision Net write-offs/  recoveries  30 June 18
Loans as amortised cost- CM 1,037 33 13 1,083
Loans as amortised cost- RM 52 3 -1 22
Loans at fair value over OCI- RM 65 3 -0 100
Provision for expected credit losses on loans and guarantees  1,154 39 13 1,205
Presented as        
Provision for loan losses        1,103
Other debt- provisons       85
Other comprehensive income- fair value adjustment         17
         
         
Parent Bank        
  30 June 2018    
Total Allowance for Credit Losses Stage 1 Stage 2 Stage 3 Total
Opening balance 1 January 96 256 762 1,114
Provision for credit losses         
   Transfer to (from) stage 1 24 -24 -0 -
   Transfer to (from) stage 2 -5 5 -0 -
   Transfer to (from) stage 3 -0 -2 2 -
Net remeasurement of loss allowances -30 48 49 67
Originations or purchases 28 21 1 50
Derecognitions -15 -47 -3 -65
Write-offs - - - -
Closing balance 30 June 98 257 811 1,166

 

 

Group        
  30 June 2018    
Total Allowance for Credit Losses Stage 1 Stage 2 Stage 3 Total
Opening balance 1 January 105 269 780 1,154
Provision for credit losses         
   Transfer to (from) stage 1 27 --26 0 -
   Transfer to (from) stage 2 -4 4 -0 -
   Transfer to (from) stage 3 0 -3 3 -
Net remeasurement of loss allowances -31 49 47 65
Originations or purchases 31 23 1 55
Derecognitions -16 -48 -4 -69
Write-offs - - - -
Closing balance 30 June 112 266 827 1,205

 

Parent Bank      
  30 June 2017
Individual write-downs (NOKm) RM CM Total
Individual write-downs to cover loss on loans and guarantees at 1.1 28 597 625
- Actual losses during the period for which provisions for individual impairment losses have been made previously 5 165 170
- Reversal of provisions from previous periods 4 6 10
+ Increased write-downs on provisions previously written down 1 102 103
+ Write-downs on provisions not previously written down 0 62 62
Individual write-downs to cover loss on loans and guarantees at period end *) 20 590 610
*) Individually assessed impairment write-downs on guarantees, totalling NOK 6.1m, are shown in the balance sheet as a liability under 'Other liabilities'   
       
  30 June 2017
Collective write-downs (NOKm) RM CM Total
Collective write-downs to cover loss on loans, guarantees at 1.1 90 228 318
Period's collective write-downs to cover loss on loans, guarantees etc - 10 10
Collective write-downs to cover loss on loans and guarantees at period end 90 238 328

 

Group      
  30 June 2017
Individual write-downs (NOKm) RM CM Total
Individual write-downs to cover loss on loans and guarantees at 1.1 31 607 638
- Actual losses during the period for which provisions for individual impairment losses have been made previously 5 165 170
- Reversal of provisions from previous periods 4 6 10
+ Increased write-downs on provisions previously written down 1 102 103
+ Write-downs on provisions not previously written down 0 64 64
Individual write-downs to cover loss on loans and guarantees at period end *) 23 602 625
*) Individually assessed impairment write-downs on guarantees, totalling NOK 6.1m, are shown in the balance sheet as a liability under 'Other liabilities'   
       
  30 June 2017
Collective write-downs (NOKm) RM CM Total
Collective write-downs to cover loss on loans, guarantees at 1.1 100 239 339
Period's collective write-downs to cover loss on loans, guarantees etc 2 10 12
Collective write-downs to cover loss on loans and guarantees at period end 102 249 351
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