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 30 June 2021                    
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 547 554 -7 1 227 -0 - - 45 1,366
Interest from allocated capital 12 2 - - - - - - -14 -
Total interest income 559 556 -7 1 227 -0 -  -  31 1,366
Comission income and other income 442 119 500 234 -45 317 - - -29 1,538
Net return on financial investments **) 2 7 58 10 - - 215 82 186 560
Total income 1,003 682 550 245 182 317 215 82 187 3,464
Total operating expenses 443 216 371 183 57 257 - - 3 1,531
Ordinary operating profit 560 466 179 62 125 60 215 82 184 1,933
 Loss on loans, guarantees etc.  -9 100 - - 6 - - - 1 98
Result before tax including held for sale 569 366 179 62 118 60 215 82 183 1,836
Post-tax-return on equity *) 13.0 % 10.4%               14,5 %
                     
Balance                    
Loans and advances to customers 132,992 46,956 - - 9,910 - - - -843 189,015
Adv.of this sold to SB1 Boligkreditt and SB1 Næringskreditt -45,922 -1,259 - - - - - - 100 -47,081
Allowance for credit loss -128 -1,366 - - -58 - - - -3 -1,555
Other assets 123 16,357 3,737 415 99 622 1,921 1,595 35,180 60,047
Total assets 87,064 60,688 3,737 415 9,951 622 1,921 1,595 34,434 200,426
                     
Deposits to customers 51,312 57,691 - - - - - - 1,130 110,133
Other liabilites and equity 35,752 2,997 3,737 415 9,951 622 1,921 1,595 33,304 90,293
Total liabilities and equity 87,064 60,688 3,737 415 9,951 622 1,921 1,595 34,434 200,426

 

  

Group 30 June 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  537 560 -3 -0 179 -0 - - 103 1,376
Interest from allocated capital 85 59 - - - - - - -144 -
Total interest income 622 619 -3 -0 179 -0 -  -  -41 1,376
Comission income and other income 371 113 234 188 -9 304 - - -48 1,153
Net return on financial investments **) -2 14 86 - - - -7 50 407 549
Total income  992 747 317 188 170 304 -7 50 318 3,078
Total operating expenses 471 217 269 158 64 237 - - -11 1,405
Ordinary operating profit 521 530 48 30 105 67 -7 50 329 1,673
 Loss on loans, guarantees etc.  42 410 - - 25 - - - -0 478
Result before tax including held for sale 478 119 48 30 81 67 -7 50 329 1,195
Post-tax-return on equity *) 11.4 % 4.1 %               10,3 %
                     
Balance                     
Loans and advances to customers 124,165 42,366 - - 9,384 - - - -742 175,100
Adv. of this sold to SpareBank 1 Boligkreditt -43,264 -1,308 - - - - - - 100 -44,473
Allowance for credit losses -146 -1,057 - - -61 - - - -2 -1,267
Other assets  199 8,518 2,267 327 42 580 1,950 1,441 45,799 61,124
Total assets  80,954 48,518 2,267 327 9,365 580 1,950 1,441 45,081 190,484
                     
Deposits to customers  48,103 44,715 - - - - - - 1,470 94,289
Other liabilites and equity 32,850 3,803 2,267 327 9,365 580 1,950 1,441 43,611 96,195
Total liabilities and equity 80,954 48,518 2,267 327 9,365 580 1,950 1,441 45,081 190,484
     

 

 

Group 31 December 2020                    
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 1,112 1,085 -13 2 387 1 - - 186 2,759
Interest from allocated capital 101 63 - - - - - - -165 -
Total interest income 1,213 1,149 -13 2 387 1 -  -  22 2,759
Commission income and other income 867 211 636 392 -22 533 - - -101 2,516
Net return on financial investments **) -2 21 137   - - 194 120 481 951
Total income  2,078 1,381 759 394 364 533 194 120 401 6,225
Total operating expenses 929 422 590 342 131 423     68 2,904
Ordinary operating profit 1,149 959 169 52 234 110 194 120 333 3,321
 Loss on loans, guarantees etc.  56 846 - - 49 - - - 1 951
Result before tax including held for sale 1,093 113 169 52 184 110 194 120 333 2,370
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 losses -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 liabilities and equity 34,780 3,244 3,265 357 9,598 592 2,151 1,514 34,883 90,383
Total liabilites and equity 82,258 52,663 3,265 357 9,598 592 2,151 1,514 35,514 187,912

 

 

**) Specification of net return on financial investments (NOKm) 30.6.21 30.6.20 31.12.20
Dividends 21 10 39
Capital gains/losses shares  125 -6 -4
Gain/(loss) on sertificates and bonds -123 174 103
Gain/(loss) on derivatives 137 -97 32
Gain/(loss) on financial instruments related to hedging -9 -3 1
Gain/(loss) on other financial instruments at fair value (FVO) 12 -11 -11
Foreign exchange gain/(loss) 31 68 82
Gain/(loss) on shares and share derivatives at SpareBank 1 Markets 28 21 28
Net return on financial instruments 199 145 230
SpareBank 1 Gruppen 215 -7 194
Gain Fremtind Forsikring - 340 340
SpareBank 1 Boligkreditt  7 10 18
SpareBank 1 Næringskreditt 7 9 18
BN Bank 82 50 120
SpareBank 1 Kredittkort 1 2 2
SpareBank 1 Betaling -4 -2 -2
Other companies 31 -9 -10
Income from investment in associates and joint ventures 340 217 681
Total net return on financial investments 560 549 950
          
Fair value hedging      
Changes in fair value on hedging instrument -354 492 467
Changes in fair value on hedging item 344 -495 -465
Net Gain or Loss from hedge accounting -9 -3 1
© SpareBank 1 SMN