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 30 September 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 1,431 1,069 533 4 403 2 - 558 4,001
Interest from allocated capital 310 179 120 - - - - -609 -
Total interest income 1,742 1,248 653 4 403 2 - -52 4,001
Comission income and other income 546 173 118 393 -73 626 - 29 1,812
Net return on financial investments **) -3 1 6 1 - - 1,027 41 1,074
Total income 2,285 1,422 777 399 330 628 1,027 18 6,887
Total operating expenses 491 172 157 327 98 547 - 606 2,399
Ordinary operating profit 1,794 1,251 620 71 232 81 1,027 -588 4,488
 Loss on loans, guarantees etc.  31 55 39 - 22 - - -0 146
Result before tax 1,763 1,196 581 71 211 81 1,027 -588 4,342
Return on equity *)   19.1 % 23.9 % 16.0 %   12.1 %       17.4 %
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Group 30 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 - 297 3,386
Interest from allocated capital 231 137 77 - - - - -445 -
Total interest income 1,557 1,108 490 1 376 3 - -148 3,386
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 -57 161
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 %   5.6 %       13.0 %
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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 %   1.5 %       14.4 %
*) Regulatory capital in line with the bank's capital target have been used as basis for calculating capital used in the Retail and Corporate market.  
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        Januar - September  
**) Specification of other (NOKm) 2024 2023 2023
SpareBank 1 Gruppen 127 17 -34
SpareBank 1 Boligkreditt  105 68 98
SpareBank 1 Næringskreditt 10 9 10
BN Bank 234 183 257
SpareBank 1 Markets 71 - 19
SpareBank 1 Kreditt -5 -9 -13
SpareBank 1 Betaling -15 -30 -37
SpareBank 1 Forvaltning 37 22 35
Other companies 11 18 46
Income from investment in associates and joint ventures 1,027 278 379
SpareBank 1 Mobilitet Holding - -71 -82
Net income from investment in associates and joint ventures 1,027 207 297
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© SpareBank 1 SMN