Note 3 - Account by business line

For the subsidiaries the figures refer to the respective company accounts, while for associates and 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 December 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  1,056 981 -14 -1 275 -0 - - 105 2,403
Interest from allocated capital 177 129 - - - - - - -306 -
Total interest income 1,234 1,110 -14 -1 275 -0 -  -  -201 2,403
Commission income and other income 793 202 460 497 62 444 - - -282 2,177
Net return on financial investments **) 0 17 105 - - - 289 92 255 757
Total income 2,027 1,329 551 496 337 444 289 92 -228 5,337
Total operating expenses 804 373 536 519 155 373 - - -137 2,624
Ordinary operating profit 1,223 956 15 -23 182 71 289 92 -92 2,713
 Loss on loans, guarantees etc.  17 212 - - 34 - - - 0 263
Result before tax 1,206 744 15 -23 149 71 289 92 -92 2,450
Return on equity*) 13.2 % 11.3 %               12.2 %
                     
Balance                    
Loans and advances to customers 112,723 40,548 - - 7,760 - - - -714 160,317
Adv. of this sold to SB1 Boligkreditt and SB1 Næringskreditt -38,189 -1,656 - - - - - - 0 -39,844
Allowance for credit losses -103 -594 - - -45 - - - -2 -744
Other assets 121 4,261 2,258 1,114 9 394 1,569 1,238 30,012 40,975
Total assets  74,552 42,560 2,258 1,114 7,723 394 1,569 1,238 29,296 160,704
                     
Deposits to customers 40,046 39,236 - - - - - - 1,333 80,615
Other liabilities and equity 34,506 3,324 2,258 1,114 7,723 394 1,569 1,238 27,963 80,089
Total liabilites and equity 74,552 42,560 2,258 1,114 7,723 394 1,569 1,238 29,296 160,704

 

 

 

Group 31 December 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  993 977 -15 3 228 -1 - - 38 2,225
Interest from allocated capital 144 131 - - - - - - -274 -
Total interest income 1,137 1,108 -15 3 228 -1 - - -236 2,225
Commission income and other income 789 199 369 473 55 377 - - -257 2,005
Net return on financial investments **) 0 9 82 -0 - - 349 94 226 760
Total income 1,926 1,315 437 477 283 376 349 94 -269 4,988
Total operating expenses 794 365 435 474 137 315 - - -152 2,369
Ordinary operating profit 1,132 950 2 3 146 61 349 94 -116 2,621
 Loss on loans, guarantees etc.  5 318 - - 18 - - - -0 341
Result before tax 1,127 632 2 3 128 61 349 94 -116 2,279
Return on equity*) 16.6 % 10.5 %               11.5 %
                     
Balance                    
Loans and advances to customers 103,131 39,482 - - 6,740 - - - -569 148,784
Adv. of this sold to SpareBank 1 Boligkreditt -35,047 -1,666 - - - - - - 0 -36,713
Individual allowance for impairment on loan -22 -729 - - -12 - - - -2 -765
Group allowance for impairment on loan -90 -218 - - -24 - - - -15 -347
Other assets 168 4,141 2,242 612 20 323 1,569 1,149 32,070 42,295
Total assets  68,141 41,010 2,242 612 6,724 323 1,569 1,149 31,483 153,254
                     
Deposits to customers 37,182 38,719 - - - - - - 574 76,476
Other liabilities and equity 30,959 2,290 2,242 612 6,724 323 1,569 1,149 30,909 76,778
Total liabilites and equity 68,141 41,010 2,242 612 6,724 323 1,569 1,149 31,483 153,254
*) 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 (NOKm) 31 Dec 2018 31 Dec 2017
Dividends 8 6
Capital gains shares (incl dividends) 96 62
Gain/(loss) on derivatives 187 124
Gain/(loss) on other financial instruments at fair value (FVO) 10 7
Foreign exchange gain/(loss) 63 45
Gain/(loss) on sertificates and bonds -77 58
Gains/(Loss) on shares and share derivatives at SpareBank 1 Markets 58 43
Gain/(loss) on financial instruments related to hedging ***) -4 -22
Net return on financial instruments 334 317
SpareBank 1 Gruppen 289 349
SpareBank 1 Boligkreditt  -7 -41
SpareBank 1 Næringskreditt 15 19
BN Bank 97 98
SpareBank 1 Kredittkort 23 15
SpareBank 1 Betaling -12 -14
Other companies 12 12
Income from investment in associates and joint ventures 416 437
Total net return on financial investments 757 760

 

 

 

    
***) Specification of gain/loss related to hedge accounting 31 Dec 2018 31 Dec 2017
Changes in fair value on hedging instrument -46 -214
Changes in fair value on hedging item 42 192
Net Gain or Loss from hedge accounting -4 -22
© SpareBank 1 SMN