Income statement

 

Parent bank     Group
    Jan-Dec     Jan-Dec    
4Q 17 4Q 18 2017 2018* (NOKm) Note 2018* 2017 4Q 18 4Q 17
920 995 3,571 3,737 Interest income    4,057 3,825 1,082 989
  501   1,902 Of which interest income at amortised cost   2,226   589  
403 434 1,599 1,640 Interest expenses    1,655 1,600 438 400
517 561 1,972 2,097 Net interest  10 2,403 2,225 644 589
291 280 1,098 1,102 Commission income   1,387 1,390 343 372
28 23 98 92 Commission expenses   168 168 42 49
12 9 38 32 Other operating income   958 783 242 206
275 266 1,038 1,042 Commission income and other income   2,177 2,005 543 529
22 2 629 516 Dividends   8 6 2 0
- - - - Income from investment in related companies 3 416 437 130 147
49 -52 146 152 Net return on financial investments 3 334 317 -37 108
71 -50 776 668 Net return on financial investments   757 760 95 256
862 777 3,786 3,807 Total income   5,337 4,989 1,282 1,374
126 129 575 577 Staff costs   1,584 1,426 391 362
169 198 634 685 Other operating expenses   1,040 943 311 255
295 327 1,209 1,262 Total operating expenses  11 2,624 2,369 701 618
567 451 2,577 2,546 Result before losses   2,713 2,621 580 756
72 58 323 229 Loss on loans, guarantees etc. 6.7 263 341 67 78
495 393 2,253 2,316 Result before tax 3 2,450 2,279 513 678
116 102 403 456 Tax charge   509 450 104 122
- -18 - 62 Result investment held for sale, after tax  2, 3  149 -1 -8 -4
379 273 1,850 1,922 Net profit   2,090 1,828 401 553
8 9 33 36 Attributable to additional Tier 1 Capital holders    37 33 9 8
237 169 1,162 1,207 Attributable to Equity capital certificate holders    1,291 1,128 247 341
134 95 655 680 Attributable to the saving bank reserve    727 636 139 192
- - - - Attributable to non-controlling interests   34 32 6 12
379 273 1,850 1,922 Net profit   2,090 1,828 401 553
        Profit/diluted profit per ECC 17 9.97 8.71 1.90 2.63
                   
*The income statement for the period January to December 2018 reflect IFRS 9 implementation from 1 January 2018. For further information about the transition, see note 2 and 45 in the annual report for 2017. Comparative figures have not been restated. 

 

 

Other comprehensive income

Parent bank    Group
    Jan-Dec    Jan-Dec    
4Q 17 4Q 18 2017 2018 (NOKm) 2018 2017 4Q 18 4Q 17
379 273 1,850 1,922 Net profit 2,090 1,828 401 553
        Items that will not be reclassified to profit/loss        
-24 18 -24 18 Actuarial gains and losses pensions 18 -20 - -20
6 -6 6 -6 Tax  -6 5 - 5
- - - - Share of other comprehensive income of associates and joint venture 1 4 0 5
-18 12 -18 12 Total 13 -11 0 -10
                 
        Items that will be reclassified to profit/loss        
9 -7 15 - Fair value change on financial assets through other comprehensive income - 15 -7 9
- -0 - -2 Value changes on loans measured at fair value -2 - -0 2
- - - - Share of other comprehensive income of associates and joint venture -38 4 -3 -
- - - - Tax  - - 0 -
9 -7 15 -2 Total -40 19 -9 12
-8 6 -3 11 Net other comprehensive income -27 8 -9 1
371 278 1,847 1,933 Total other comprehensive income 2,063 1,836 392 554
8 9 33 36 Attributable to additional Tier 1 Capital holders  37 33 9 8
232 172 1,160 1,213 Attributable to Equity capital certificate holders  1,274 1,132 241 341
131 97 654 684 Attributable to the saving bank reserve  718 638 136 192
        Attributable to non-controlling interests 34 32 6 13
371 278 1,847 1,933 Total other comprehensive Income  2,063 1,836 392 554
 

Other comprehensive income comprise items reflected directly in equity capital that are not transactions with owners, cf. IAS 1.

 

 

© SpareBank 1 SMN