Note 4 - Segment information

For the subsidiaries the figures refer to the respective company accounts, while for associates and 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 31. December 2021 
Profit and loss account (NOKm) RM CM SB1 Markets EM 1 SB 1 Finans MN SB 1 Regnskaps-huset SMN SB1 Gruppen BN Bank Uncollated Total
Net interest 1,128 1,106 -7 2 450 0 - - 117 2,796
Interest from allocated capital 37 14 - - - - - - -52 -
Total interest income 1,165 1,120 -7 2 450 0 -  -  66 2,796
Comission income and other income 906 251 782 441 -90 562 - - -20 2,832
Net return on financial investments **) 2 15 126 10 4 - 471 164 234 1,026
Total income 2,074 1,386 901 453 364 562 471 164 280 6,655
Total operating expenses 916 446 647 382 141 477 - - -15 2,993
Ordinary operating profit 1,157 940 254 71 224 85 471 164 294 3,662
 Loss on loans, guarantees etc.  -10 145 - - 25 - - - 1 161
Result before tax including held for sale 1,167 795 254 71 198 85 471 164 293 3,501
Post-tax-return on equity *) 13.4 % 11.5 %               13.5 %
                     
Balance                    
Loans and advances to customers 137,672 47,585 - - 10,321 - - - -225 195,353
Adv.of this sold to SB1 Boligkreditt and SB1 Næringskreditt -46,821 -1,231 - - - - - - 0 -48,052
Allowance for credit loss -125 -1,223 - - -60 - - - -3 -1,410
Other assets 123 18,526 2,820 436 111 625 2,177 1,488 26,649 52,954
Total assets 90,850 63,656 2,820 436 10,372 625 2,177 1,488 26,422 198,845
                     
Deposits to customers 50,691 59,619 - - - - - - 977 111,286
Other liabilites and equity 40,159 4,037 2,820 436 10,372 625 2,177 1,488 25,445 87,559
Total liabilities and equity 90,850 63,656 2,820 436 10,372 625 2,177 1,488 26,422 198,845
*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 16.9 percent to be in line with the capital plan
Eksporter til Excel

 

 

 

Group 31. December 2020
Profit and loss account (NOKm) RM CM SB1 Markets EM 1 SB 1 Finans MN SB 1 Regnskaps-huset SMN SB1 Gruppen BN Bank Uncollated Total
Net interest   1,112 1,085 -13 2 387 1 - - 186 2,759
Interest from allocated capital 101 63 - - - - - - -165 -
Total interest income 1,213 1,149 -13 2 387 1 -  -  21 2,759
Comission income and other income 867 211 636 392 -22 533 - - -101 2,516
Net return on financial investments **) -2 21 137 - - - 194 120 481 951
Total income   2,078 1,381 759 394 364 533 194 120 401 6,225
Total operating expenses 929 422 590 342 131 423 - - 68 2,904
Ordinary operating profit 1,149 959 169 52 234 110 194 120 333 3,321
 Loss on loans, guarantees etc.  56 846 - - 49 - - - 1 951
Result before tax including held for sale 1,093 113 169 52 184 110 194 120 333 2,370
Post-tax-return on equity *) 13.4 % 2.1 %               10.0 %
                       
Balance                      
Loans and advances to customers 129,149 44,845 - - 9,622 - - - -815 182,801
Adv. of this sold to SpareBank 1 Boligkreditt -46,899 -1,354 - - - - - - 100 -48,153
Allowance for credit losses -148 -1,298 - - -66 - - - -5 -1,517
Other assets   156 10,471 3,265 357 66 592 2,151 1,514 36,210 54,781
Total assets   82,258 52,663 3,265 357 9,623 592 2,151 1,514 35,490 187,912
                       
Deposits to customers   47,478 49,420 - - - - - - 631 97,529
Other liabilites and equity 34,780 3,244 3,265 357 9,623 592 2,151 1,514 34,859 90,383
Total liabilities and equity 82,258 52,663 3,265 357 9,623 592 2,151 1,514 35,490 187,912
*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 15.4 percent to be in line with the capital plan
Eksporter til Excel

 

 

 

**) Specification of net return on financial investments (NOKm) 31 Dec 21 31 Dec 20
Dividends 22 39
Capital gains/losses shares  176 -4
Gain/(loss) on sertificates and bonds  -285 103
Gain/(loss) on derivatives 301 32
Gain/(loss) on financial instruments related to hedging -6 1
Gain/(loss) on other financial instruments at fair value (FVO) 12 -11
Foreign exchange gain/(loss) 70 82
Gain/(loss) on shares and share derivatives at SpareBank 1 Markets 31 28
Net return on financial instruments 299 230
SpareBank 1 Gruppen 471 194
Gain Fremtind - 340
SpareBank 1 Boligkreditt  16 18
SpareBank 1 Næringskreditt 7 18
BN Bank 164 120
SpareBank 1 Kreditt 13 2
SpareBank 1 Betaling -15 -2
SpareBank 1 Forvaltning   32 -
Other companies 17 -10
Income from investment in associates and joint ventures 705 681
Total net return on financial investments 1,026 951
     
Fair value hedging    
Changes in fair value on hedging instrument -664 467
Changes in fair value on hedging item 657 -465
Net Gain or Loss from hedge accounting -6 1
Eksporter til Excel

Financial results

Annual report and notes

Downloads

© SpareBank 1 SMN