Note 4 - 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 January - September 2023 | ||||||||||
| Profit and loss account (NOKm) | RM | CM | Sunnmøre og Fjordane | EM 1 | SB 1 Finans MN | SB 1 Regnskaps-huset SMN | Other | Uncollated | Total | |
| Net interest | 1,326 | 971 | 412 | 1 | 376 | 3 | - | 231 | 3,319 | |
| Interest from allocated capital | 231 | 137 | 77 | - | - | - | - | -445 | - | |
| Total interest income | 1,557 | 1,108 | 490 | 1 | 376 | 3 | - | -215 | 3,319 | |
| Comission income and other income | 500 | 179 | 78 | 334 | -79 | 550 | - | 24 | 1,586 | |
| Net return on financial investments **) | 0 | -4 | 13 | 1 | -71 | - | 278 | 10 | 228 | |
| Total income | 2,057 | 1,283 | 580 | 336 | 226 | 553 | 278 | -181 | 5,133 | |
| Total operating expenses | 769 | 282 | 202 | 289 | 89 | 453 | - | 68 | 2,152 | |
| Ordinary operating profit | 1,288 | 1,001 | 378 | 47 | 137 | 100 | 278 | -249 | 2,981 | |
| Loss on loans, guarantees etc. | 3 | 34 | -81 | - | 38 | - | - | -0 | -6 | |
| Result before tax | 1,286 | 968 | 459 | 47 | 99 | 100 | 278 | -249 | 2,988 | |
| Return on equity *) | 18.1 % | 24.2 % | 18.0 % | 13.0 % | ||||||
| Group January - September 2022 | |||||||||
| Profit and loss account (NOKm) | RM | CM | EM 1 | SB 1 Finans MN | SB 1 Regnskaps-huset SMN | Other | Uncollated | Total | |
| Net interest | 930 | 977 | 4 | 339 | 1 | - | 127 | 2,377 | |
| Interest from allocated capital | 85 | 69 | - | - | - | - | -155 | - | |
| Total interest income | 1,015 | 1,047 | 4 | 339 | 1 | - | -28 | 2,377 | |
| Comission income and other income | 620 | 206 | 324 | -78 | 467 | - | 29 | 1,568 | |
| Net return on financial investments **) | -3 | 7 | 8 | -18 | - | 265 | -42 | 217 | |
| Total income | 1,631 | 1,260 | 336 | 243 | 468 | 265 | -40 | 4,163 | |
| Total operating expenses | 705 | 348 | 271 | 83 | 392 | - | -2 | 1,797 | |
| Ordinary operating profit | 926 | 913 | 64 | 160 | 76 | 265 | -38 | 2,366 | |
| Loss on loans, guarantees etc. | 2 | -47 | - | 20 | - | - | -0 | -26 | |
| Result before tax | 924 | 959 | 64 | 141 | 76 | 265 | -38 | 2,391 | |
| Return on equity *) | 13.5 % | 18.4 % | 12.0 % | ||||||
| Group 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 % | 12.3 % | ||||||
| *) Regulatory capital use is used a basis for calculating capital used in Private market and Business. This capital has been grossed up to 17.2 per cent to be in line with the bank's capital target. | |||||||||
| January - september | ||||||
| **) Specification of other (NOKm) | 2023 | 2022 | 2022 | |||
| SpareBank 1 Gruppen | 17 | 46 | 175 | |||
| SpareBank 1 Boligkreditt | 68 | 2 | 1 | |||
| SpareBank 1 Næringskreditt | 9 | 2 | 3 | |||
| BN Bank | 183 | 149 | 203 | |||
| SpareBank 1 Kreditt | -9 | 9 | 9 | |||
| SpareBank 1 Betaling | -30 | -9 | 13 | |||
| SpareBank 1 Forvaltning | 22 | 28 | 33 | |||
| Other companies | 18 | 38 | 29 | |||
| Income from investment in associates and joint ventures | 278 | 265 | 466 | |||
| SpareBank 1 Mobilitet Holding | -71 | -18 | -23 | |||
| Net income from investment in associates and joint ventures | 207 | 248 | 442 | |||
