Note 17 - Earnings per Equity Capital Certificate

ECC owners share of profit have been calculated based on net profit allocated in accordance to the average number of certificates outstanding in the period. There is no option agreements in relation to the Equity Capital Certificates, diluted net profit is therefore equivalent to Net profit per ECC.

  First half    
(Nokm) 2019 2018   2018
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  1,667 1,163   2,018
Allocated to ECC Owners 2)  1,066 744   1,291
Issues Equity Captial Certificates adjusted for own certificates 129,565,508 129,331,186   129,411,807
Earnings per Equity Captial Certificate 8.23 5.75   9.97

 

  First half    
1) Adjusted Net Profit  2019 2018   2018
Net Profit for the group 1,729 1,209   2,090
Adjusted for non-controlling interests share of net profit -33 -27   -34
Adjusted for Tier 1 capital holders share of net profit -29 -20   -37
Adjusted Net Profit 1,667 1,163   2,018

 

         
2) Equity capital certificate ratio (parent bank) (NOKm) 30 June 2019 30 June 2018   31 Dec 2018
ECC capital 2,597 2,597   2,597
Dividend equalisation reserve 5,602 5,079   5,602
Premium reserve 895 895   895
Unrealised gains reserve 99 81   99
Other equity capital -1 -8   -
A. The equity capital certificate owners' capital 9,192 8,645   9,193
Ownerless capital 5,126 4,831   5,126
Unrealised gains reserve 56 45   56
Other equity capital -0 -4   -
B. The saving bank reserve 5,181 4,872   5,182
To be disbursed from gift fund - -   373
Dividend declared - -   661
Equity ex. profit 14,374 13,517   15,409
Equity capital certificate ratio A/(A+B) 63.95 % 63.95 %   63.95 %
         
Equity capital certificate ratio for distribution 63.95 % 63.95 %   63.95 %
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