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 |
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| 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 |
| 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 |
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| 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 |
Financial results
Annual report and notes
