Note 19 - 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) 2021 2020 2020
Adjusted Net Profit to allocate between ECC owners and
Savings Bank Reserve 1) 		 1,395 915 1,793
Allocated to ECC Owners 2)  892 585 1,147
Issues Equity Captial Certificates adjusted for own certificates 129,324,795 129.303.137 129,347,626
Earnings per Equity Captial Certificate 6.90 4.53 8.87

 

  First half  
1) Adjusted Net Profit  2021 2020 2020
Net Profit for the group 1.523 1.008 1.978
adjusted for non-controlling interests share of net profit -98 -55 -126
Adjusted for Tier 1 capital holders share of net profit -30 -38 -59
Adjusted Net Profit 1.395 915 1.793

  

       
2) Equity capital certificate ratio (parent bank) (NOKm) 30 June 2021 30 June 2020 31 Dec 2020
ECC capital 2,597 2,597 2,597
Dividend equalisation reserve 6,556 6,338 6,556
Premium reserve 895 895 895
Unrealised gains reserve 153 121 153
Other equity capital -0 -28 -
A. The equity capital certificate owners' capital 10,201 9,923 10,201
Ownerless capital 5,664 5,541 5,664
Unrealised gains reserve 86 68 86
Other equity capital -0 -16 -
B. The saving bank reserve 5,750 5,593 5,750
To be disbursed from gift fund 226 - 321
Dividend declared 401 - 569
Equity ex. profit 16,578 15,517 16,842
Equity capital certificate ratio A/(A+B) 64.0 % 64.0 % 64.0 %
       
Equity capital certificate ratio for distribution 64.0 % 64.0 % 64.0 %

 


  

© SpareBank 1 SMN