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 First Half 2024                  
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 939 695 348 3 266 1 - 393 2,646
Interest from allocated capital 205 117 78 - - - - -401 -
Total interest income 1,144 812 426 3 266 1 - -7 2,646
Comission income and other income 359 117 79 266 -30 463 - 16 1,270
Net return on financial investments **) 1 0 4 1 - - 342 55 404
Total income 1,503 930 509 271 236 465 342 64 4,320
Total operating expenses 324 116 104 207 84 376 - 389 1,600
Ordinary operating profit 1,179 814 405 63 152 89 342 -325 2,720
Loss on loans, guarantees etc.  17 15 28 - 10 - - -0 70
Result before tax 1,162 798 377 63 143 89 342 -325 2,649
Return on equity *) 19.4 % 25.0 % 15.0 %           15.6 %
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Group First Half 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 863 622 246 1 252 2 - 174 2,160
Interest from allocated capital 143 84 44 - - - - -271 -
Total interest income 1,006 706 290 1 252 2 - -97 2,160
Comission income and other income 348 120 45 224 -53 398 - 20 1,102
Net return on financial investments **) 3 -3 10 1 -13  -  223 -122 99
Total income 1,356 823 345 226 186 400 223 -198 3,361
Total operating expenses 510 185 106 178 59 312   61 1,411
Ordinary operating profit 846 638 239 48 127 89 223 -260 1,950
 Loss on loans, guarantees etc.  -5 23 -91 - 32 - - -1 -42
Result before tax 851 615 329 48 95 89 223 -259 1,991
Return on equity *) 18,4 % 23,2 % 17,6 %           13.9 %
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Group 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 1,824 1,335 598 2 490 4 - 379 4,632
Interest from allocated capital 328 195 112 - - - - -634 -
Total interest income 2,151 1,530 709 2 490 4 - -255 4,632
Comission income and other income 652 234 110 432 -97 716 - 37 2,084
Net return on financial investments **) 1 6 7 1 -82 - 379 488 799
Total income 2,804 1,770 826 435 311 720 379 270 7,515
Total operating expenses 1,078 407 315 395 115 612 - 97 3,017
Ordinary operating profit 1,726 1,363 512 40 196 108 379 173 4,498
 Loss on loans, guarantees etc.  1 45 -118 - 86 - - -0 14
Result before tax 1,725 1,318 629 40 111 108 379 173 4,484
Return on equity *) 18.2 % 24.3 % 19.6 %           14.4 %
*) Regulatory capital is used as a basis for calculating capital used in the Private market and Business.
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**) Specification of other (NOKm) 30 Jun 24 30 Jun 23 31 Dec 23
SpareBank 1 Gruppen 41 30 -34
SpareBank 1 Boligkreditt  68 63 98
SpareBank 1 Næringskreditt 7 5 10
BN Bank 157 119 257
SpareBank 1 Markets 51 - 19
SpareBank 1 Kreditt -2 -6 -13
SpareBank 1 Betaling -14 -20 -37
SpareBank 1 Forvaltning 23 16 35
Other companies 10 16 46
Income from investment in associates and joint ventures 342 223 379
SpareBank 1 Mobilitet Holding - -13 -82
Net income from investment in associates and joint ventures 342 209 297
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© SpareBank 1 SMN