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 2020  
Profit and loss account (NOKm) RM CM SB1 Markets EM 1 SB 1
Finans MN		 SB 1
Regnskaps-
huset SMN		 SB1 Gruppen BN Bank Un-
collated		 Total
Net interest 1,112 1,085 -14 2 371 1 - - 202 2,759
Interest from allocated capital 101 63 - - - - - - -165 -
Total interest income 1,213 1,149 -14 2 371 1 -  -  37 2,759
Comission income and other income 867 211 693 392 -22 533 - - -102 2,572
Net return on financial investments **) -2 21 137  - - - 194 120 481 951
Total income 2,078 1,381 816 394 349 533 194 120 416 6,281
Total operating expenses 929 422 637 342 86 423  -  - 114 2,952
Ordinary operating profit 1,149 959 179 52 263 110 194 120 301 3,329
 Loss on loans, guarantees etc.  56 846 - - 49 - - - 1 951
Result before tax 1,093 113 179 52 214 110 194 120 301 2,378
Post-tax-return on equity *) 13.4 % 2.1 %               10.0 %
                     
Balance                    
Loans and advances to customers 129,149 44,845 - - 9,549 - - - -742 182,801
Adv.of this sold to SB1 Boligkreditt and SB1 Næringskreditt -46,899 -1,354 - - - - - - 100 -48,153
Allowance for credit loss -148 -1,298 - - -67 - - - -4 -1,517
Other assets 156 10,471 3,265 357 116 592 2,151 1,514 36,160 54,781
Total assets 82,258 52,663 3,265 357 9,598 592 2,151 1,514 35,514 187,912
                     
Deposits to customers 47,478 49,420 - - - - - - 631 97,529
Other liabilites and equity 34,780 3,244 3,265 357 9,598 592 2,151 1,514 34,883 90,383
Total liabilities and equity 82,258 52,663 3,265 357 9,598 592 2,151 1,514 35,514 187,912
*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 15.4 per cent to be in line with the capital plan during the period

 

 

Group 31 December 2019
Profit and loss account (NOKm) RM CM SB1
Markets		 EM 1 SB 1
Finans
MN		 SB 1
Regnskaps-
huset SMN		 SB1
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
Comission income and other income 805 205 509 390 -26 502 - - -97 2,290
Net return on financial investments **) 0 12 117  - - - 252 107 714 1,201
Total income  2,177 1,388 609 390 287 502 252 107 467 6,178
Total operating expenses 875 410 566 388 85 394  -  - 80 2,797
Ordinary operating profit 1,302 978 43 1 202 108 252 107 387 3,380
 Loss on loans, guarantees etc.  32 213 - - 52 - - - 2 299
Result before tax 1,270 765 43 1 150 108 252 107 384 390
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 SpareBank 1 Boligkreditt -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 liabilites and equity 37,721 704 3,669 309 8,861 527 1,609 1,425 25,920 80,745
Total liabilities 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 15.0 per cent to be in line with the capital plan during the period 

 

**) Specification of net return on financial investments (NOKm) 31 Dec
2020
 31 Dec
2019
Dividends 39 15
Gain/(loss) on financial instruments related to hedging -4 120
Capital gains/losses shares  103 -20
Gain/(loss) on sertificates and bonds 32 132
Gain/(loss) on derivatives 1 -9
Gain/(loss) on other financial instruments at fair value (FVO) -11 9
Foreign exchange gain/(loss) 82 22
Gain/(loss) on shares and share derivatives at SpareBank 1 Markets 28 54
Net return on financial instruments 230 307
SpareBank 1 Gruppen 194 252
Gain Fremtind Forsikring 340 460
SpareBank 1 Boligkreditt  18 26
SpareBank 1 Næringskreditt 18 21
BN Bank 120 113
SpareBank 1 Kredittkort 2 13
SpareBank 1 Betaling -2 3
Other companies -10 -8
Income from investment in associates and joint ventures 681 879
Total net return on financial investments 951 1,201
        
Fair value hedging    
Changes in fair value on hedging instrument 467 -66
Changes in fair value on hedged item -465 56
Net Gain or Loss from hedge accounting 1 -9

 

 

© SpareBank 1 SMN