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 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   498 477 -7 2 131 -0 - - 48 1,149
Interest from allocated capital 86 64 - - - - - - -151 -
Total interest income 584 541 -7 2 131 -0 -  -  -102 1,149
Commission income and other income 397 98 245 261 30 253 - - -135 1,149
Net return on financial investments **) 0 4 58 - - - 117 51 401 632
Total income  981 643 296 263 162 252 117 51 163 2,929
Total operating expenses 398 187 260 245 75 208 - - -67 1,306
Ordinary operating profit 583 456 36 18 87 44 117 51 230 1,622
 Loss on loans, guarantees etc.  10 102 - - 15 - - - -1 127
Result before tax including held for sale 573 354 36 18 72 44 117 51 231 1,496
Post-tax return on equity*) 13.2 % 10.8 %               14.4 %
                      
Balance (NOKm)                     
Loans and advances to customers 108,702 39,452 - - 7,304 - - - -668 154,790
Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt -37,304 -1,699 - - - - - - - -39,003
Allowance for credit losses -67 -997 - - -39 - - - 0 -1,103
Other assets  138 3,291 2,970 1,656 17 395 1,396 1,197 33,842 44,901
Total assets   71,471 40,094 2,970 1,656 7,282 395 1,396 1,197 33,123 159,584
                      
Deposits to customers  40,372 38,390 - - - - - - 1,581 80,343
Other liabilities and equity 31,099 1,704 2,970 1,656 7,282 395 1,396 1,197 31,542 79,241
Total liabilites and equity 71,471 40,094 2,970 1,656 7,282 395 1,396 1,197 33,123 159,584

 

 

Group 30 June 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   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 SpareBank 1 Boligkreditt -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 and equity 63,984 39,483 1,915 1,509 6,202 323 1,379 1,103 33,550 149,449
*) 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) 30 June 2018 30 June 2017
Dividends 6 4
Capital gains shares 268 9
Gain/(loss) on derivatives 142 22
Gain/(loss) on other financial instruments at fair value (FVO)  12 15
Foreign exchange gain/(loss)   26 19
Gain/(loss) on sertificates and bonds   -36 58
Gains/(Loss) on shares and share derivatives at SpareBank 1 Markets  37 25
Gain/(loss) on financial instruments related to hedging   -6 -48
Net return on financial instruments 444 100
SpareBank 1 Gruppen 117 134
SpareBank 1 Boligkreditt  -5 -37
SpareBank 1 Næringskreditt 8 13
BN Bank 53 50
SpareBank 1 Kredittkort   11 7
SpareBank 1 Betaling    -6 -
Other companies 4 -
Income from investment in associates and joint ventures 182 167
Total net return on financial investments 631 272
        
Fair value hedging    
Changes in fair value on hedging instrument   -115 -177
Changes in fair value on hedging item   109 129
Net Gain or Loss from hedge accounting -6 -48
© SpareBank 1 SMN