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 2019                    
Profit and loss account (NOKm) RM CM SB 1 Markets EM 1 SB 1 Finans MN SB 1
Regnskaps- huset SMN		 SB 1
Gruppen		 BN Bank Un-
collated		 Total
Net interest 1,160 1,024 -17 -1 313 -0 - - 207 2,687
Interest from allocated capital 211 147 - - - - - - -358 -
Total interest income 1,372 1,171 -17 -1 313 -0 -  -  -151 2,687
Commission income and other income 805 205 509 540 73 502 - - -345 2,290
Net return on financial investments **) 0 12 117 - - - 252 107 714 1,201
Total income  2,177 1,388 609 540 386 502 252 107 218 6,178
Total operating expenses 875 410 566 538 184 394 - - -169 2,797
Ordinary operating profit 1,302 978 43 1 202 108 252 107 386 3,380
 Loss on loans, guarantees etc.  32 213 - - 52 - - - 2 299
Result before tax including held for sale 1,279 838 43 1 150 108 252 107 384 3,081
Post-tax return on equity*) 13.1 % 11.7 %               13.7 %
                     
Balance                     
Loans and advances to customers 119,381 40,162 - - 8,897 - - - -663 167,777
Adv. of this sold to SB1 Boligkreditt and SB1 Næringskreditt -40,122 -1,378 - - - - - - -0 -41,500
Allowance for credit losses -119 -819 - - -56 - - - -4 -998
Other assets  220 5,495 3,669 309 21 527 1,609 1,425 28,109 41,384
Total assets 79,360 43,460 3,669 309 8,861 527 1,609 1,425 27,442 166,662
                     
Deposits to customers  41,639 42,756 - - - - - - 1,522 85,917
Other liabilities and equity 37,721 704 3,669 309 8,861 527 1,609 1,425 25,920 80,745
Total liabilites and equity 79,360 43,460 3,669 309 8,861 527 1,609 1,425 27,442 166,662

 

Group 31 December 2018                    
Profit and loss account (NOKm) RM CM SB 1 Markets EM 1 SB 1
Finans
MN		 SB 1 Regnskaps-
huset
SMN		 SB 1 Gruppen BN Bank Un-
collated		 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 2,258 276 9 394 1,569 1,238 30,850 40,975
Total assets  74,552 42,560 2,258 276 7,723 394 1,569 1,238 30,134 160,704
                     
Deposits to customers 40,046 39,236 - - - - - - 1,333 80,615
Other liabilities and equity 34,506 3,324 2,258 276 7,723 394 1,569 1,238 28,801 80,089
Total liabilites and equity 74,552 42,560 2,258 276 7,723 394 1,569 1,238 30,134 160,704
*) 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 2019

 

 

 

**) Specification of net return on financial investments (NOKm) 31 Dec 2019 31 Dec 2018
Dividends 15 8
Capital gains shares  120 96
Gain/(loss) on sertificates and bonds -20 -77
Gain/(loss) on derivatives 132 187
Gain/(loss) on financial instruments related to hedging*** -9 -4
Gain/(loss) on other financial instruments at fair value (FVO) 9 10
Foreign exchange gain/(loss) 22 63
Gain/(loss) om shares and share derivatives at SpareBank 1 Markets 54 58
Net return on financial instruments 307 334
SpareBank 1 Gruppen 252 289
Gain Fremtind Forsikring 460 -
SpareBank 1 Boligkreditt  26 -7
SpareBank 1 Næringskreditt 21 15
BN Bank 113 97
SpareBank 1 Kredittkort 13 23
SpareBank 1 Betaling 3 -12
Other companies -8 12
Income from investment in associates and joint ventures 879 416
Total net return on financial investments 1,201 757
        
***) Fair value hedging    
Changes in fair value on hedging instrument -66 -46
Changes in fair value on hedging item 56 42
Net Gain or Loss from hedge accounting -9 -4

 

 

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