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 2022                
Profit and loss account (NOKm) RM CM EM 1 SB 1 Finans MN SB 1 Regnskaps-huset SMN Other Uncollated Total
Net interest 1,328 1,380 3 459 2 - 167 3,339
Interest from allocated capital 163 125 - - - - -288 -
Total interest income 1,491 1,505 3 459 2 - -121 3,339
Comission income and other income 796 290 418 -106 605 - 39 2,042
Net return on financial investments **) -4 9 8 -23 - 466 -76 380
Total income 2,283 1,804 429 329 607 466 -158 5,760
Total operating expenses 958 467 371 108 511 - 28 2,443
Ordinary operating profit 1,325 1,337 58 221 96 466 -186 3,317
 Loss on loans, guarantees etc.  29 -66 - 30 - - -0 -7
Result before tax 1,296 1,403 58 191 96 466 -186 3,324
Return on equity *) 13.6% 20.8%            
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Group 31 December 2021                
Profit and loss account (NOKm) RM CM EM 1 SB 1 Finans MN SB 1 Regnskaps-huset SMN Other Uncollated Total
Net interest 1,128 1,106 2 450 0 - 120 2,805
Interest from allocated capital 37 14 - - - - -52 -
Total interest income 1,165 1,120 2 450 0 - 68 2,805
Comission income and other income 906 251 441 -90 562 - 70 2,141
Net return on financial investments **) 2 15 10 4 - 701 107 840
Total income 2,074 1,386 453 364 562 701 246 5,786
Total operating expenses 916 446 382 141 476 - -1 2,360
Ordinary operating profit 1,157 940 71 223 86 701 247 3,426
 Loss on loans, guarantees etc.  -10 145 - 25 - - 1 161
Result before tax 1,167 795 71 198 86 701 246 3,266
Return on equity *) 13.4% 11.5%            
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*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 17.2 percent to be in line with the capital plan
**) Specification of other (NOKm) 31 Dec 22 31 Dec 21
SpareBank 1 Gruppen 175 471
SpareBank 1 Boligkreditt  1 16
SpareBank 1 Næringskreditt 3 7
BN Bank 203 164
SpareBank 1 Kreditt 9 13
SpareBank 1 Betaling 13 -15
SpareBank 1 Forvaltning 33 32
Other companies 29 13
Income from investment in associates and joint ventures 466 701
SpareBank 1 Mobilitet Holding -23 4
Net income from investment in associates and joint ventures 442 705
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© SpareBank 1 SMN