Note 19 - Earnings per EC

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.

  January - September  
(NOKm) 2024 2023 2023
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  3,361 2,277 3,489
Allocated to ECC Owners 2)  2,245 1,521 2,331
Issues Equity Captial Certificates adjusted for own certificates 144,182,532 136,581,953 138,106,331
Earnings per Equity Captial Certificate 15.57 11.14 16.88
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  January - September  
1) Adjusted Net Profit  2024 2023 2023
Net Profit for the group 3,540 2,441 3,688
adjusted for non-controlling interests share of net profit -76 -78 -74
Adjusted for Tier 1 capital holders share of net profit -103 -86 -125
Adjusted Net Profit 3,361 2,277 3,489
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2) Equity capital certificate ratio (parent bank) (NOKm) 30 Sep 2024 30 Sep 2023 31 Dec 2023
ECC capital 2,884 2,884 2,884
Dividend equalisation reserve 8,482 7,879 8,482
Premium reserve 2,422 2,422 2,422
Unrealised gains reserve 71 47 71
Other equity capital -2 3 0
A. The equity capital certificate owners' capital 13,857 13,235 13,859
Ownerless capital 6,865 6,566 6,865
Unrealised gains reserve 35 23 35
Other equity capital -1 2 0
B. The saving bank reserve 6,899 6,590 6,900
To be disbursed from gift fund - - 860
Dividend declared - -0 1,730
Equity ex. profit 20,757 19,825 23,350
Equity capital certificate ratio A/(A+B) 66.8 % 66.8 % 66.8 %
       
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