Note 42 - ECC capital and ownership structure
The Bank's ECC capital totals NOK 2,596,728,860 distributed on 129,836,443 equiry capital certificates (ECCs), each with a face value of NOK 20. As at 31 December 2014 there was 8,395 ECC holders (8,741 as at 31 December 2013).
ECC capital has been raised by the following means:
| Year | Change | Change in ECC capital (NOK) |
Total ECC capital (NOK) |
No. of ECCs | |
| 1991 | Placing | 525,000,000 | 525,000,000 | 5,250,000 | |
| 1992 | Placing | 75,000,000 | 600,000,000 | 6,000,000 | |
| 2000 | Employee placing | 5,309,900 | 605,309,900 | 6,053,099 | |
| 2001 | Employee placing | 4,633,300 | 609,943,200 | 6,099,432 | |
| 2002 | Employee placing | 4,862,800 | 614,806,000 | 6,148,060 | |
| 2004 | Bonus Issue | 153,701,500 | 768,507,500 | 7,685,075 | |
| 2005 | Placing | 217,424,200 | 985,931,700 | 9,859,317 | |
| 2005 | Employee placing | 23,850,000 | 1,009,781,700 | 10,097,817 | |
| 2005 | Split | - | 1,009,781,700 | 40,391,268 | |
| 2005 | Rights issue | 252,445,425 | 1,262,227,125 | 50,489,085 | |
| 2007 | Dividend issue | 81,752,950 | 1,343,980,075 | 53,752,203 | |
| 2007 | Employee placing | 5,420,000 | 1,349,400,075 | 53,976,003 | |
| 2008 | Dividend issue | 90,693,625 | 1,440,093,700 | 57,603,748 | |
| 2008 | Employee placing | 6,451,450 | 1,446,545,150 | 57,861,806 | |
| 2009 | Bonus issue | 289,309,025 | 1,735,854,175 | 69,434,167 | |
| 2010 | Employee placing | 12,695,300 | 1,748,549,475 | 69,941,979 | |
| 2010 | Rights issue | 624,082,675 | 2,372,632,150 | 94,905,286 | |
| 2011 | Rights issue | 625,000 | 2,373,257,150 | 94,930,286 | |
| 2012 | Reduction in nominal value | -474,651,430 | 1,898,605,720 | 94,930,286 | |
| 2012 | Rights issue | 569,543,400 | 2,468,149,120 | 123,407,456 | |
| 2012 | Employee placing | 16,220,200 | 2,484,369,320 | 124,218,466 | |
| 2012 | Placing | 112,359,540 | 2,596,728,860 | 129,836,443 | |
| Parent Bank (NOK million) | 2014 | 2013 | ||
| ECC capital | 2,597 | 2,597 | ||
| Dividend equalisation reserve | 3,122 | 2,496 | ||
| Premium reserve | 895 | 895 | ||
| Unrealised gains reserve | 90 | 126 | ||
| A. The equity capital certificate owners' capital | 6,704 | 6,114 | ||
| Ownerless capital | 3,619 | 3,276 | ||
| Unrealised gains reserve | 49 | 69 | ||
| B. The saving bank reserve | 3,668 | 3,345 | ||
| Other equity | 160 | 124 | ||
| Dividend declared | 292 | 227 | ||
| Equity ex. profit | 10,824 | 9,811 | ||
| Equity capital certificate ratio A/(A+B) | 64.64 % | 64.64 % | ||
| Average of ratio | 64.64 % | 64.64 % | ||
| 20 largest ECC holders at 31 Dec 2014 | No. of ECCs | Holding | ||
| Verdipapirfondet DNB Norge (IV) | 4,309,928 | 3.32 % | ||
| Sparebankstiftelsen SpareBank 1 SMN | 3,965,391 | 3.05 % | ||
| Odin Norge | 3,823,131 | 2.94 % | ||
| VPF Nordea Norge Verdi | 3,538,004 | 2.72 % | ||
| Pareto Aksje Norge | 3,302,488 | 2.54 % | ||
| The Bank of New York Mellon (nominee) | 3,118,007 | 2.40 % | ||
| Odin Norden | 2,854,979 | 2.20 % | ||
| Vind LV AS | 2,736,435 | 2.11 % | ||
| State Street Bank and Trust CO (nominee) | 2,609,428 | 2.01 % | ||
| Wimoh Invest AS | 2,359,388 | 1.82 % | ||
| MP Pensjon PK | 2,058,415 | 1.59 % | ||
| Danske Invest Norske Aksjer Inst. II | 2,003,167 | 1.54 % | ||
| Forsvarets Personellservice | 1,491,146 | 1.15 % | ||
| DNB Livsforsikring AS | 1,472,982 | 1.13 % | ||
| Pareto Aktiv | 1,412,325 | 1.09 % | ||
| Pareto AS | 1,330,202 | 1.02 % | ||
| VPF Nordea Kapital | 1,222,189 | 0.94 % | ||
| Danske Invest Norske Aksjer Instit. I | 1,110,223 | 0.86 % | ||
| Fondsfinans Spar | 1,075,000 | 0.83 % | ||
| Verdipapirfondet Handelsbanken | 1,050,000 | 0.81 % | ||
| The 20 largest ECC holders in total | 46,842,828 | 36.08 % | ||
| Others | 82,993,615 | 63.92 % | ||
| Total issued ECCs | 129,836,443 | 100.00 % | ||
Financial results
Annual report and notes
