Note 21 - Shares, units and other equity interests
The Bank classifies shares in the categories fair value and available for sale. Securities that can be reliably measured, and which are reported internally at fair value, are recognised at fair value through profit and loss. Other shares are classified as available for sale. Investments in subordinated loans are booked at amortised cost.
| Parent bank | Group | ||||||||
| Shares and units | |||||||||
| 2009 | 2010 | 2011 | (NOK million) | 2011 | 2010 | 2009 | |||
| 562 | 624 | 546 | At fair value through profit or loss | 536 | 550 | 438 | |||
| 69 | 85 | 38 | Listed | 132 | 169 | 168 | |||
| 494 | 540 | 507 | Unlisted | 404 | 381 | 270 | |||
| 1 | 1 | 1 | Available for sale | 63 | 64 | 55 | |||
| - | - | - | Listed | 11 | - | - | |||
| 1 | 1 | 1 | Unlisted | 51 | 64 | 55 | |||
| - | - | - | At amortised cost | 13 | 4 | 12 | |||
| - | - | - | Unlisted | 13 | 4 | 12 | |||
| 563 | 625 | 546 | Total shares and units | 611 | 618 | 505 | |||
| 69 | 85 | 38 | Total listed companies | 143 | 169 | 168 | |||
| 494 | 540 | 508 | Total unlisted companies | 468 | 449 | 337 | |||
| Specification of Parent Bank | Stake | Our | Acquisiton | Market value/ | |||||
| over 10 % | holding | cost | book value | ||||||
| Listed companies | Principle * | (%) | (no.) | (NOK 1000) | (NOK 1000) | ||||
| Visa Inc. C-shares | FV | 15,884 | 6,750 | 9,157 | |||||
| Total quoted shares | 6,750 | 9,157 | |||||||
| Helgeland Sparebank | FV | 660,000 | 31,185 | 20,130 | |||||
| Klepp Sparebank | FV | 5,000 | 550 | 265 | |||||
| Nøtterø Sparebank | FV | 30,876 | 3,250 | 2,501 | |||||
| SpareBank 1 SR-Bank | FV | 156,433 | 5,747 | 6,367 | |||||
| Total quoted equity capital certificates | 40,732 | 29,263 | |||||||
| Total quoted shares and equity capital certificates | 47,482 | 38,419 | |||||||
| Unlisted companies | |||||||||
| Eksportfinans | FV | 1,857 | 16,406 | 22,581 | |||||
| Nets Holding | FV | 4,028,773 | 174,768 | 197,370 | |||||
| Nordisk Areal Invest | FV | 12.7 | 754,972 | 91,649 | 61,530 | ||||
| Nordito Property | FV | 487,761 | 1,273 | 8,767 | |||||
| Sparebank1 Private Equity I | FV | 65.6 | 2,034,621 | 203,473 | 215,466 | ||||
| Sparebankmateriell A/S Spama, A-shares | FV | 2,305 | 0 | 1,563 | |||||
| Tangen Næringsbygg | AFS | 250 | 250 | 250 | |||||
| Others | 727 | 369 | |||||||
| Total unquoted shares and units | 488,547 | 507,897 | |||||||
| Total shares, units and equity capital certificates, parent bank | 536,029 | 546,316 | |||||||
| Specification of Group | Stake | Our | Acquisiton | Market value/ | |||||
| over 10 % | holding | cost | book value | ||||||
| Listed companies | Principle * | (%) | (no.) | (NOK 1000) | (NOK 1000) | ||||
| Det norske oljeselskap | FV | 1,061,762 | 49,562 | 93,170 | |||||
| Norway Royal Salmon | AFS | 1,531,663 | 12,877 | 11,457 | |||||
| Total quoted shares | 62,439 | 104,626 | |||||||
| Unlisted companies | |||||||||
| Allegro Balansert Trippel*** | FV | 2,300 | 1,777 | ||||||
| Angvik Investor | AFS | 10.0 | 12,000 | 19,830 | 20,112 | ||||
| Aptomar | FV | 28,224 | 5,750 | 5,750 | |||||
| Aqua Venture | FV | 37.6 | 187,374 | 17,565 | 14,053 | ||||
| Aqualyng, subordinated loan | ** | 3,230 | 3,230 | ||||||
| Arctic Energy Fund | FV | 12,740 | 10,179 | 8,216 | |||||
| ASTI AS Trøndelag Industriel | FV | 2,000 | 740 | 740 | |||||
| Bachke & Co | AFS | 4,815 | 164 | 265 | |||||
| Bruhagen Sentrumsbygg | AFS | 350 | 350 | 350 | |||||
| Crosshair Embedded | FV | 125,000 | 5,000 | 5,000 | |||||
| Hommelvik Sjøside | FV | 40.0 | 1,600 | 1,608 | 1,632 | ||||
| Hommelvik Sjøside, subordinated loan | ** | 7,720 | 7,720 | ||||||
| Infond | AFS | 4,900 | 262 | 262 | |||||
| Kunnskapsparken Nord-Trøndelag | AFS | 10 | 250 | 250 | |||||
| Mavi XV | HFS | 100.0 | 60,000 | 6,020 | 6,020 | ||||
| Moldekraft | AFS | 14.4 | 10,545 | 11,600 | 18,981 | ||||
| Moldekvartalet | AFS | 2,500 | 2,501 | 2,501 | |||||
| Moldekvartalet, subordinated loan | ** | 800 | 800 | ||||||
| North Bridge Property | FV | 5,134 | 8,261 | 9,251 | |||||
| Omega-3 Invest | FV | 33.6 | 618,244 | 5,451 | 5,450 | ||||
| Opplev Oppdal | FV | 250,000 | 750 | 251 | |||||
| Proventure Seed, A-shares | FV | 352,812 | 389 | 494 | |||||
| Proventure Seed, subordinated loan | ** | 775 | 775 | ||||||
| RBK Investor | FV | 20.0 | 2,000 | 2,500 | 2,500 | ||||
| Real Estate Central Europe | FV | 3,000 | 5,500 | 6,348 | |||||
| Sentrumsbyen Molde | FV | 500 | 500 | 500 | |||||
| Sentrumsgården | AFS | 35.3 | 2,115 | 2,115 | 2,115 | ||||
| Såkorninvest Midt-Norge | FV | 16.9 | 81,749 | 5,962 | 3,200 | ||||
| Tjeldbergodden Utvikling | FV | 23.0 | 28,649 | 1,000 | 1,000 | ||||
| Viking Venture | FV | 13.2 | 267,878 | 25,445 | 8,733 | ||||
| Viking Venture II | FV | 232,875 | 22,305 | 11,484 | |||||
| Viking Venture II B | FV | 13,875 | 2,047 | 2,206 | |||||
| Viking Venture III | FV | 145,050 | 19,422 | 19,208 | |||||
| Wellcem | FV | 31,664 | 3,706 | 3,800 | |||||
| Others | 915 | 744 | |||||||
| Total unquoted shares and units | 202,911 | 175,719 | |||||||
| Total shares, units and equity capital certificates, Group | 265,350 | 280,345 | |||||||
| SpareBank 1 Private Equity I eliminated at Group level | -203,473 | -215,466 | |||||||
| Total shares, units and equity capital certificates, Group | 597,905 | 611,195 | |||||||
| Other shares in the Group are entered as held for sale | |||||||||
| Havila Shipping | FV | 916,475 | 48,115 | 31,618 | |||||
* Explanation of accounting principle: FV - fair value, AFS - available for sale, HFS - held for sale
** Booked at amortised cost
*** Allegro Balansert Trippel is a fund in fund in which Key Select Asia, Key Select Europe and Key Select Hedge are underlying funds
Financial results
Annual report and notes
