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 31 March 23 | |||||||||
| Profit and loss account (NOKm) | RM | CM | EM 1 | SB 1 Finans MN | SB 1 Regnskaps-huset SMN | Other | Uncollated | Total | |
| Net interest | 433 | 406 | 1 | 123 | 1 | - | 70 | 1,035 | |
| Interest from allocated capital | 91 | 68 | - | - | - | - | -158 | - | |
| Total interest income | 524 | 474 | 1 | 123 | 1 | - | -88 | 1,035 | |
| Comission income and other income | 181 | 63 | 105 | -27 | 201 | - | 17 | 541 | |
| Net return on financial investments **) | 1 | 4 | - | -7 | - | 131 | -101 | 28 | |
| Total income | 706 | 541 | 107 | 90 | 202 | 131 | -172 | 1,604 | |
| Total operating expenses | 325 | 127 | 89 | 30 | 158 | - | -0 | 728 | |
| Ordinary operating profit | 381 | 413 | 18 | 59 | 44 | 131 | -172 | 875 | |
| Loss on loans, guarantees etc. | 9 | -86 | - | 7 | - | - | -0 | -71 | |
| Result before tax | 372 | 500 | 18 | 53 | 44 | 131 | -172 | 946 | |
| Equity return *) | 15.8% | 28.4% | 13.0% | ||||||
| Group 31 March 22 | |||||||||
| Profit and loss account (NOKm) | RM | CM | EM 1 | SB 1 Finans MN | SB 1 Regnskaps-huset SMN | Other | Uncollated | Total | |
| Net interest | 287 | 309 | 1 | 111 | 0 | - | 52 | 759 | |
| Interest from allocated capital | 25 | 22 | - | - | - | - | -47 | - | |
| Total interest income | 313 | 330 | 1 | 111 | 0 | - | 5 | 759 | |
| Comission income and other income | 203 | 72 | 94 | -25 | 166 | - | 12 | 522 | |
| Net return on financial investments **) | -0 | 2 | - | -6 | - | 68 | 112 | 175 | |
| Total income | 515 | 404 | 95 | 80 | 166 | 62 | 129 | 1,456 | |
| Total operating expenses | 248 | 124 | 81 | 28 | 143 | - | 4 | 629 | |
| Ordinary operating profit | 266 | 280 | 14 | 51 | 23 | 62 | 124 | 827 | |
| Loss on loans, guarantees etc. | -7 | 3 | - | 4 | - | - | -0 | -0 | |
| Result before tax | 274 | 277 | 14 | 47 | 23 | 62 | 125 | 827 | |
| Equity return *) | 13.4% | 11.5% | 12.6% | ||||||
| Group 31 December 22 | |||||||||
| 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 | |
| Equity return *) | 13.6% | 20.8% | 12.3% | ||||||
| *) Regulatory capital is used as a basis for calculating capital used in retail market (RM) and corporate market (CM). This capital has been grossed up to 17.2 per cent to be in line with the Bank's capital target. | |||||||||
| **) Specification of other (NOKm) | 31 Mar 23 | 31 Mar 22 | 31 Dec 22 | |||
| SpareBank 1 Gruppen | 34 | 13 | 175 | |||
| SpareBank 1 Boligkreditt | 33 | -5 | 1 | |||
| SpareBank 1 Næringskreditt | 2 | -0 | 3 | |||
| BN Bank | 62 | 49 | 203 | |||
| SpareBank 1 Kreditt | -4 | 3 | 9 | |||
| SpareBank 1 Betaling | -8 | -5 | 13 | |||
| SpareBank 1 Forvaltning | 8 | 8 | 33 | |||
| Other companies | 4 | 5 | 29 | |||
| Income from investment in associates and joint ventures | 131 | 68 | 466 | |||
| SpareBank 1 Mobilitet Holding | -7 | -6 | -23 | |||
| Net income from investment in associates and joint ventures | 125 | 62 | 442 | |||
