Note 24 - Categories of financial assets and financial liabilities

Shares, sertificates, bonds and derivatives are classified at fair value through profit/loss.

All financial instruments classified at fair value through profit/loss are measured at fair value, and any change in value from the opening balance is recognised as gain or losses from other financial investments. Financial assets held for trading purposes are characterised by the fact that instruments in the portfolio are traded frequently and that positions are established with the aim of short-term gain. Other such financial assets at fair value through profit or loss are investments which, on initial recognition, are designated at fair value through profit or loss.

Financial derivatives are presented as assets when fair value is positive, and as liabilities when fair value is negative.

 

Group Financial instruments at fair value through profit or loss Financial
instruments
at fair value
through other comprehensive
income
Financial
instruments
measured at
amortised
cost
Total
31 Dec 2022 (NOKm) Designated as
such
upon initial
recognition
Mandatorily Held for
trading
Assets            
Cash and receivables from central banks - - - - 1,171 1,171
Deposits with and loans to credit institutions - - - - 11,663 11,663
Loans to and receivables from customers 4,708 - - 81,901 64,940 151,549
Shares, units and other equity interests - 700 140 - - 840
Fixed-income CDs and bonds - 38,073 - - - 38,073
Derivatives 294 - 6,510 - - 6,804
Earned income not yet received - - - - 104 104
Accounts receivable, securities - - - - 262 262
Total financial assets 5,002 38,773 6,649 81,901 78,140 210,465
             
Liabilities            
Deposits from credit institutions  - - - - 14,636 14,636
Deposits from and debt to customers - - - - 122,010 122,010
Debt created by issue of securities - - - - 47,474 47,474
Derivatives 2,368 - 5,939 - - 8,307
Subordinated loan capital - - - - 2,058 2,058
Equity instruments - - - - - -
Lease liabilities - - - - 339 339
Debt from securities - - - - 176 176
Total financial liabilities  2,368 - 5,939 - 186,693 195,000
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Group Financial instruments at fair value
through profit or loss
Financial
instruments
at fair value
through other
comprehensive
income
Financial
instruments
measured at
amortised
cost
Total
31 Dec 2021 (NOKm) Designated
as such
upon initial
recognition
Mandatorily Held for
trading
Assets            
Cash and receivables from central banks - - - - 1,252 1,252
Deposits with and loans to credit institutions - - - - 4,704 4,704
Loans to and receivables from customers 4,198 - - 83,055 58,637 145,890
Shares, units and other equity interests - 670 1,984 - - 2,654
Fixed-income CDs and bonds - 30,762 - - - 30,762
Derivatives 353 - 2,871 - - 3,224
Earned income not yet received - - - - 186 186
Accounts receivable, securities - - - - 300 300
Total financial assets 4,551 31,432 4,855 83,055 65,081 188,974
             
Liabilities            
Deposits from credit institutions  - - - - 15,063 15,063
Deposits from and debt to customers - - - - 111,286 111,286
Debt created by issue of securities - - - - 40,332 40,332
Derivatives 511 - 3,398 - - 3,909
Subordinated loan capital - - - - 1,796 1,796
Equity instruments - - 31 - - 31
Lease liabilities - - - - 476 476
Debt from securities - - - - 351 351
Total financial liabilities  511 - 3,429 - 169,304 173,244
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Annual report and notes

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