Note 13 - Net return on financial investments

Parent Bank   Group
  Second quarter First half   First half Second quarter  
2023 2023 2024 2023 2024 (NOKm) 2024 2023 2024 2023 2023
          Valued at fair value through profit/loss          
                     
17 -215 -37 -263 -163 Value change in interest rate instruments ** -163 -263 -39 -215 17
                     
          Value change in derivatives/hedging          
2 -0 -2 9 4 Net value change in hedged bonds and derivatives* 4 9 -2 0 2
5 14 13 -10 25 Net value change in hedged fixed rate loans and derivatives 25 -10 13 14 5
-118 156 11 99 107 Other derivatives 107 99 11 156 -118
                     
          Income from equity instruments          
- - - - - Income from owner interests 342 209 148 85 297
693 580 133 580 242 Dividend from owner instruments - - - 0 -
32 3 - 8 1 Value change and gain/loss on owner instruments 1 4 - 3 -5
18 5 8 9 14 Dividend from equity instruments 8 20 6 18 26
421 10 5 21 16 Value change and gain/loss on equity instruments 45 -28 4 -10 469
1,069 553 131 453 247 Total net income from financial assets and liabilities at fair value through profit/(loss) 369 40 141 50 692
                     
          Valued at amortised cost          
                     
-2 -0 -0 -1 0 Value change in interest rate instruments held to maturity 0 -1 -0 -0 -2
-2 -0 -0 -1 0 Total net income from financial assets and liabilities at amortised cost 0 -1 -0 -0 -2
                     
108 35 11 59 34 Total net gain from currency trading 34 59 11 36 108
1,175 588 142 511 280 Total net return on financial investments 404 99 153 86 799
                     
          * Fair value hedging          
896 -282 1 -97 -184 Changes in fair value on hedging instrument -184 -97 1 -282 896
-894 282 -4 106 187 Changes in fair value on hedging item 187 106 -4 282 -894
2 -0 -2 9 4 Net Gain or Loss from hedge accounting 4 9 -2 -0 2
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** In the second quarter of 2024, a reclassification has been made of interest income from treasury bills which in previous periods had been presented as value change in interest rate instruments. This has increased interest income and reduced values change in interest rate instruments by NOK 25 million in the second quarter, and NOK 55 million so far in 2024. Comparable figures have been restated.

 

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