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) 2022 2021
Adjusted Net Profit to allocate between ECC owners and Savings Bank Reserve 1)  2,592 2,692
Allocated to ECC Owners 2)  1,658 1,722
Issues Equity Captial Certificates adjusted for own certificates 129,316,131 129,339,665
Earnings per Equity Captial Certificate 12.82 13.31
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1) Adjusted Net Profit  2022 2021
Net Profit for the group 2,785 2,902
adjusted for non-controlling interests share of net profit -130 -160
Adjusted for Tier 1 capital holders share of net profit -63 -50
Adjusted Net Profit 2,592 2,692
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2) Equity capital certificate ratio (parent bank) (NOKm) 31 Dec 2022 31 Dec 2021
ECC capital 2,597 2,597
Dividend equalisation reserve 7,877 7,007
Premium reserve 895 895
Unrealised gains reserve 45 109
Other equity capital - -
A. The equity capital certificate owners' capital 11,413 10,609
Ownerless capital 6,408 5,918
Unrealised gains reserve 25 62
Other equity capital - -
B. The saving bank reserve 6,433 5,980
To be disbursed from gift fund 474 547
Dividend declared 840 970
Equity ex. profit 19,161 18,106
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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