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.

(NOKm) 2021 2020
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  2,692 1,793
Allocated to ECC Owners 2)  1,722 1,147
Issues Equity Captial Certificates adjusted for own certificates 129,339,665 129,358,537
Earnings per Equity Captial Certificate 13.31 8.87
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1) Adjusted Net Profit  2021 2020
Net Profit for the group 2,902 1,978
adjusted for non-controlling interests share of net profit -160 -126
Adjusted for Tier 1 capital holders share of net profit -50 -59
Adjusted Net Profit 2,692 1,793
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2) Equity capital certificate ratio (parent bank)     
(NOKm) 31 Dec 2021 31 Dec 2020
ECC capital 2,597 2,597
Dividend equalisation reserve 7,007 6,556
Premium reserve 895 895
Unrealised gains reserve 109 153
Other equity capital - -
A. The equity capital certificate owners' capital 10,609 10,201
Ownerless capital 5,918 5,664
Unrealised gains reserve 62 86
Other equity capital - -
B. The saving bank reserve 5,980 5,750
To be disbursed from gift fund 547 321
Dividend declared 970 569
Equity ex. profit 18,106 16,842
Equity capital certificate ratio A/(A+B) 64.0 % 64.0 %
     
Equity capital certificate ratio for distribution 64.0 % 64.0 %
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Annual report and notes

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