Note 43 - Earnings per ECC

ECC owners share of profit have been calculated based on net profit allocated in accordance to the average number of certificates outstanding in the period. There is no option agreements in relation to the Equity Capital certificates, diluted net profit is therefore equivalent to Net profit per ECC.

(Nok million) 2018 2017
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  2,018 1,763
Allocated to ECC Owners 2)  1,291 1,128
Issues Equity Capital Certificates adjusted for own certificates 129,411,807 129,487,830
Earnings per Equity Capital Certificate 9.97 8.71

 

Adjusted Net Profit 1)  2018 2017
Net Profit for the group 2,090 1,828
Adjusted for non-controlling interests share of net profit -34 -32
Adjusted for Tier 1 capital holders share of net profit -37 -33
Adjusted Net Profit 2,018 1,763

 

Equity capital certificate ratio (parent bank) 2)     
(NOK million) 31 Dec 2018 31 Dec 2017
ECC capital 2,597 2,597
Dividend equalisation reserve 5,602 5,079
Premium reserve 895 895
Unrealised gains reserve 99 81
Other equity capital - -
A. The equity capital certificate owners' capital 9,193 8,652
Ownerless capital 5,126 4,831
Unrealised gains reserve 56 45
Other equity capital - -
B. The saving bank reserve 5,182 4,877
To be disbursed from gift fund 373 322
Dividend declared 661 571
Equity ex. profit 15,409 14,422
Equity capital certificate ratio A/(A+B) 63.95 % 63.95 %
     
Equity capital certificate ratio for distribution 63.95 % 63.95 %

 

 

Annual report and notes

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