Note 12 - Operating expenses
| Parent bank | Group | |||||
| Jan - Mar | Jan - Mar | |||||
| 2022 | 2022 | 2023 | (NOKm) | 2023 | 2022 | 2022 |
| 304 | 76 | 92 | IT costs | 106 | 89 | 355 |
| 11 | 3 | 3 | Postage and transport of valuables | 4 | 4 | 14 |
| 59 | 14 | 17 | Marketing | 23 | 19 | 86 |
| 77 | 19 | 23 | Ordinary depreciation | 29 | 29 | 117 |
| 46 | 21 | 13 | Operating expenses, real properties | 16 | 22 | 55 |
| 188 | 42 | 43 | Purchased services | 53 | 52 | 217 |
| 156 | 33 | 90 | Other operating expense *) | 99 | 40 | 195 |
| 841 | 208 | 280 | Total other operating expenses | 330 | 255 | 1,038 |
*) In the first quarter of 2023, an operational loss under other operating expenses of NOK 51 million has been expensed in connection with the embezzlement case.
On 19 January SpareBank 1 SMN reported a hired replacement employee to the police for gross embezzlement. The matter was brought to light by the bank’s own control systems. The embezzlement totals NOK 75m. The accused returned about NOK 9m to SpareBank 1 SMN before his arrest. The net amount taken out of SpareBank 1 SMN is accordingly just over NOK 66m. NOK 15m was returned to the bank from the police after being placed in safekeeping. SpareBank 1 SMN has insurance cover against economic crime, including embezzlement. The claim against the insurer is a contingent asset under IAS 37 which is not recognised as income since the standard requires an absence of all uncertainty as to the claim settlement before recognition can take place. The insurance policy carries a deductible of NOK 5m.
