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 31 March 2020
Profit and loss account (NOKm) RM CM SB1 Markets EM 1 SB1 Finans MN SB1 Regnskapshuset
SMN		 SB1 Gruppen BN Bank Uncollated Total
Net interest    301 271 -2 -0 82 0 - - 59 710
Interest from allocated capital 53 38 - - - - - - -91 -
Total interest income 354 308 -2 -0 82 0 -  -  -32 710
Commission income and other income 198 54 60 83 19 156 - - -1 570
Net return on financial investments   **) -2 10 45 - - - -115 23 140 101
Total income   550 373 103 83 101 156 -115 23 107 1,381
Total operating expenses 246 113 118 83 49 129 - - -22 716
Ordinary operating profit 304 261 -15 -0 52 27 -115 23 130 665
 Loss on loans, guarantees etc.  44 258 - - 5 - - - 1 308
Result before tax including held for sale 260 3 -15 -0 47 27 -115 23 128 357
Post-tax return on equity*) 9.5 % 0.2 %               5.7 %
Balance                      
Loans and advances to customers 121,269 41,174 - - 8,957 - - - -629 170,771
Adv. of this sold to SB1 Boligkreditt and SB1 Næringskreditt -42,254 -1,245 - - - - - - -0 -43,498
Allowance for credit losses -157 -930 - - -52 - - - -6 -1,144
Other assets   197 7,932 2,636 301 23 551 1,834 1,449 44,132 59,054
Total assets    79,055 46,931 2,636 301 8,928 551 1,834 1,449 43,497 185,182
                       
Deposits to customers   43,961 42,710 - - - - - - 1,482 88,152
Other liabilities and equity 35,095 4,222 2,636 301 8,928 551 1,834 1,449 42,015 97,030
Total liabilites and equity 79,055 46,931 2,636 301 8,928 551 1,834 1,449 43,497 185,182

 

Group 31 March 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    278 247 -4 -0 75 -0 - - 52 649
Interest from allocated capital 52 36 - - - - - - -88 -
Total interest income 330 284 -4 -0 75 -0 -  -  -36 649
Commission income and other income 188 55 124 115 16 140 - - -85 551
Net return on financial investments **) 0 2 21 - - - 38 23 643 727
Total income   518 340 140 114 92 140 38 23 522 1,926
Total operating expenses 217 104 138 123 44 119 - - -41 704
Ordinary operating profit 301 236 2 -9 47 21 38 23 564 1,223
 Loss on loans, guarantees etc.  6 53 - - 8 - - - - 67
Result before tax including held for sale 295 183 2 -9 40 21 38 23 564 1,155
Post-tax return on equity*) 12.7 % 10.9%                 12.2 %
Balance                      
Loans and advances to customers 113,040 38,881 - - 7,980 - - - 1,190 161,091
Adv. of this sold to SB1 Boligkreditt and SB1 Næringskreditt -39,349 -1,642 - - - - - - -0 -40,991
Allowance for credit losses -109 -654 - - -48 - - - -5 -815
Other assets   203 2,886 2,715 993 25 458 1,723 1,263 35,092 45,356
Total assets    73,785 39,471 2,715 993 7,957 458 1,723 1,263 36,277 164,641
                       
Deposits to customers   40,734 39,471 - - - - - - 906 81,111
Other liabilities and equity 33,051 -0 2,715 993 7,957 458 1,723 1,263 35,372 83,530
Total liabilites and equity 73,785 39,471 2,715 993 7,957 458 1,723 1,263 36,277 164,641

  

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

*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 15.4 percent to be in line with the capital plan during the year  

**) Specification of net return on financial investments (NOKm) 31 March
2020		 31 March
2019		 31 Dec
2019
Dividends 8 2 15
Capital gains shares  -42 84 120
Gain/(loss) on sertificates and bonds 50 32 -20
Gain/(loss) on derivatives -148 23 132
Gain/(loss) on financial instruments related to hedging -6 -4 -9
Gain/(loss) on other financial instruments at fair value (FVO) -57 10 9
Foreign exchange gain/(loss) 65 9 22
Gain/(loss) om shares and share derivatives at SpareBank 1 Markets 14 15 54
Net return on financial instruments -124 169 307
SpareBank 1 Gruppen -115 38 252
Gain Fremtind Forsikring 340 460 460
SpareBank 1 Boligkreditt  -31 14 26
SpareBank 1 Næringskreditt 2 8 21
BN Bank 23 24 113
SpareBank 1 Kredittkort 0 3 13
SpareBank 1 Betaling -2 12 3
Other companies -0 -4 -8
Income from investment in associates and joint ventures 217 555 879
Total net return on financial investments 101 727 1.201
          
Fair value hedging      
Changes in fair value on hedging instrument 359 82 -66
Changes in fair value on hedging item -365 -85 56
Net Gain or Loss from hedge accounting -6 -4 -9

 

 

1st quarter 2020

Report and notes

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© SpareBank 1 SMN