Note 20 - 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) 2023 2022 2022
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  1,572 1,293 2,692
Allocated to ECC Owners 2)  1,050 827 1,722
Issues Equity Captial Certificates adjusted for own certificates 134,169,938 129,387,872 129,339,665
Earnings per Equity Captial Certificate 7.82 6.39 13.31
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  First half  
1) Adjusted Net Profit  2023 2022 2022
Net Profit for the group 1,701 1,400 2,902
adjusted for non-controlling interests share of net profit -70 -74 -160
Adjusted for Tier 1 capital holders share of net profit -60 -33 -50
Adjusted Net Profit 1,572 1,293 2,692
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2) Equity capital certificate ratio (parent bank) (NOKm) 30 Jun 2023 30 Jun 2022 31 Dec 2022
ECC capital 2,884 2,597 2,597
Dividend equalisation reserve 7,879 7,007 7,007
Premium reserve 2,422 895 895
Unrealised gains reserve 45 109 109
Other equity capital -3 - -
A. The equity capital certificate owners' capital 13,227 10,609 10,609
Ownerless capital 6,566 5,918 5,918
Unrealised gains reserve 25 62 62
Other equity capital -1 - -
B. The saving bank reserve 6,589 5,980 5,980
To be disbursed from gift fund - - 547
Dividend declared -0 - 970
Equity ex. profit 19,816 16,588 18,106
Equity capital certificate ratio A/(A+B) 66.8 % 64.0 % 64.0 %
       
Equity capital certificate ratio for distribution 66.8 % 66.8 % 66.8 %
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