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 2019
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 862 757 -13 -1 231 -1 - - 156 1,991
Interest from allocated capital 153 107 - - - - - - -260 -
Total interest income 1,015 864 -13 -1 231 -1 -  -  -104 1,991
Commission income and other income 597 148 376 418 54 391 - - -273 1,711
Net return on financial investments **) 0 9 89 - - - 264 79 744 1,185
Total income  1,612 1,021 452 418 285 390 264 79 367 4,886
Total operating expenses 654 307 412 410 137 309 - - -151 2,077
Ordinary operating profit 958 714 39 8 148 81 264 79 518 2,809
 Loss on loans, guarantees etc.  23 140 - - 33 - - - 3 198
Result before tax including held for sale 936 575 39 8 115 81 264 79 516 2,612
Post-tax return on equity*) 13.7 % 11.8 %               16.0 %
                     
Balance                     
Loans and advances to customers 116,882 40,502 - - 8,710 - - - -714 165,380
Adv. of this sold to SB1 Boligkreditt and SB1 Næringskreditt -40,006 -1,408 - - - - - - -0 -41,414
Allowance for credit losses -117 -756 - - -52 - - - -5 -930
Other assets  214 5,876 3,145 446 22 519 1,603 1,397 30,215 43,438
Total assets 76,974 44,214 3,145 446 8,680 519 1,603 1,397 29,496 166,475
                     
Deposits to customers  41,674 40,542 - - - - - - 1,424 83,641
Other liabilities and equity 35,300 3,671 3,145 446 8,680 519 1,603 1,397 28,072 82,834
Total liabilites and equity 76,974 44,214 3,145 446 8,680 519 1,603 1,397 29,496 166,475

 

 

 

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 70 313 662
Total income   1,490 993 401 391 247 336 189 70 -62 4,055
Total operating expenses 597 278 380 385 115 280 - - -113 1,922
Ordinary operating profit 893 714 21 6 131 57 189 70 51 2,133
 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 51 1,937
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 SpareBank 1 Boligkreditt -37,796 -1,986 - - - - - - - -39,782
Allowance for credit losses -96 -749 - - -44 - - - - -889
Other assets   123 2,434 3,212 314 16 384 1,469 1,216 33,015 42,184
Total assets    73,438 39,415 3,212 314 7,519 384 1,469 1,216 32,370 159,337
                       
Deposits to customers   39,879 37,201 - - - - - - 450 77,529
Other liabilities and equity 33,559 1,967 3,212 314 7,519 384 1,469 1,216 32,167 81,808
Total liabilites and equity 73,438 39,167 3,212 314 7,519 384 1,469 1,216 32,618 159,337
*) 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 during the year

 

**) Specification of net return on financial investments (NOKm) 30 Sept 2019 30 Sept 2018
Dividends 14 6
Capital gains shares  108 144
Gain/(loss) on sertificates and bonds   22 -81
Gain/(loss) on derivatives 92 192
Gain/(loss) on financial instruments related to hedging   -1 -5
Gain/(loss) on other financial instruments at fair value (FVO)  10 23
Foreign exchange gain/(loss)   32 47
Gains/(Loss) on shares and share derivatives at SpareBank 1 Markets  36 52
Net return on financial instruments 300 370
SpareBank 1 Gruppen 264 189
Gain Fremtind Forsikring   460  - 
SpareBank 1 Boligkreditt  26 2
SpareBank 1 Næringskreditt 15 10
BN Bank 84 73
SpareBank 1 Kredittkort   13 17
SpareBank 1 Betaling    7 -9
Other companies 2 4
Income from investment in associates and joint ventures 871 286
Total net return on financial investments 1,185 662
        
Fair value hedging    
Changes in fair value on hedging instrument   -250 -209
Changes in fair value on hedging item   249 204
Net Gain or Loss from hedge accounting -1 -5

 

 

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