Statement of Changes in Equity

Accounting Policy

Proposed dividends on equity certificates and gifts are recognised as equity capital in the period to the declaration of dividends by the bank’s supervisory board.

Parent Bank Issued equity   Earned equity    
(NOKm) EC capital Premium fund   Owner-less capital Equali-sation fund Dividend and gifts Un-realised gains reserve Other equity Additional Tier 1 Capital Total equity
                     
Equity at 1 January 2022 2,597 895   5,918 7,007 1,517 171 - 1,250 19,356
Net profit - -   440 781 1,314 -101 - 60 2,494
Other comprehensive income                    
Value changes on loans measured at fair value - -   - - - - 9 - 9
Actuarial gains (losses), pensions - -   - - - - 133 - 133
Other comprehensive income - -   - - - - 142 - 142
Total comprehensive income - -   440 781 1,314 -101 142 60 2,636
                     
Transactions with owners                    
Dividend declared for 2021 - -   - - -970 - - - -970
To be disbursed from gift fund - -   - - -547 - - - -547
Additional Tier 1 Capital - -   - - - - - 476 476
Interest payments additional Tier 1 capital - -   - - - - - -60 -60
Purchase and sale of own ECCs 0 -   - -0 - - - - -0
Direct recognitions in equity - -   50 88 - - -142 - -3
Total transactions with owners 0 -   50 88 -1,517 - -142 416 -1,105
Equity at 31 December 2022 2,597 895   6,408 7,877 1,314 70 0 1,726 20,887
Eksporter til Excel

 

Parent Bank Issued equity   Earned equity    
(NOKm) EC capital Premium fund   Owner-less capital Equali-sation fund Dividend and gifts Un-realised gains reserve Other equity Additional Tier 1 Capital Total equity
                     
Equity at 1 January 2023 2,597 895   6,408 7,877 1,314 70 0 1,726 20,887
Net profit - -   299 602 2,591 37 27 122 3,678
Other comprehensive income                    
Value changes on loans measured at fair value - -   - - - - -5 - -5
Actuarial gains (losses), pensions - -   - - - - -20 - -20
Other comprehensive income - -   - - - - -25 - -25
Total comprehensive income - -   299 602 2,591 37 3 122 3,653
                     
Transactions with owners                    
Dividend declared for 2022 - -   - - -840 - - - -840
To be disbursed from gift fund - -   - - -474 - - - -474
Additional Tier 1 Capital - -   - - - - - 416 416
Buyback Additional Tier 1 Capital issued - -   - - - - - -342 -342
Interest payments additional Tier 1 capital - -   - - - - - -122 -122
Purchase and sale of own ECCs -0 -   - 3 - - - - 2
Merger SpareBank 1 Søre Sunnmøre 288 1,526   158 - - - - - 1,972
Direct recognitions in equity - -   - - - - -3 - -3
Total transactions with owners 287 1,526   158 3 -1,314 - -3 -48 610
Equity at 31 December 2023 2,884 2,422   6,865 8,482 2,591 106 0 1,800 25,150
Eksporter til Excel

 

  Attributable to parent company equity holders      
Group Issued equity   Earned equity      
                       
(NOKm) EC capital Premium fund   Owner-less capital Equali-sation fund Dividend and gifts Un-realised gains reserve Other equity Additional Tier 1 Capital NCI Total equity
                       
Equity at 1 January 2022 2,588 895   5,918 6,974 1,517 171 2,896 1,293 989 23,241
Implementation effect of IFRS 17 in SpareBank 1 Gruppen 2) - -   - - - - -234 - - -234
Equity at 1 January 2022 2,588 895   5,918 6,974 1,517 171 2,662 1,293 989 23,007
Net profit - -   440 781 1,314 -101 158 63 130 2,785
Other comprehensive income                      
Share of other comprehensive income of associates and joint ventures - -   - - - - 117 - - 117
Value changes on loans measured at fair value - -   - - - - 9 - - 9
Actuarial gains (losses), pensions - -   - - - - 133 - - 133
Other comprehensive income - -   - - - - 259 - - 259
Total comprehensive income - -   440 781 1,314 -101 417 63 130 3,044
                       
Transactions with owners                      
Dividend declared for 2021 - -   - - -970 - - - - -970
To be disbursed from gift fund - -   - - -547 - - - - -547
Additional Tier 1 Capital issued - -   - - - - - 476 - 476
Buyback Additional Tier 1 Capital issued - -   - - - - - - - -
Interest payments additional Tier 1 capital - -   - - - - - -63 - -63
Purchase and sale of own ECCs 0 -   - -0 - - - - - -0
Own ECC held by SB1 Markets 1) -2 -   - -16 - - -2 - - -21
Direct recognitions in equity - -   50 88 - - -149 - - -11
Share of other transactions from associates and joint ventures - -   - - - - 13 - - 13
Change in non-controlling interests - -   - - - - - - -122 -122
Total transactions with owners -2 -   50 72 -1,517 - -138 413 -122 -1,244
Equity at 31 December 2022 2,586 895   6,408 7,828 1,314 70 2,940 1,769 997 24,807
Eksporter til Excel

 

  Attributable to parent company equity holders      
  Issued equity   Earned equity      
                       
(NOKm) EC capital Premium fund   Owner-less capital Equali-sation fund Dividend and gifts Un-realised gains reserve Other equity Additional Tier 1 Capital NCI Total equity
                       
Equity at 1 January 2023 2,586 895   6,408 7,828 1,314 70 2,940 1,769 997 24,807
Net profit - -   299 602 2,591 37 -40 125 74 3,688
Other comprehensive income                      
Share of other comprehensive income of associates and joint ventures - -   - - - - -133 - - -133
Value changes on loans measured at fair value - -   - - - - -5 - - -5
Actuarial gains (losses), pensions - -   - - - - -20 - - -20
Other comprehensive income - -   - - - - -158 - - -158
Total comprehensive income - -   299 602 2,591 37 -198 125 74 3,530
                       
Transactions with owners                      
Dividend declared for 2022 - -   - - -840 - - - - -840
To be disbursed from gift fund - -   - - -474 - - - - -474
Additional Tier 1 capital issued - -   - - - - - 519 - 519
Buyback additional Tier 1 Capital issued - -   - - - - - -385 - -385
Interest payments additional Tier 1 capital - -   - - - - - -125 - -125
Purchase and sale of own ECCs -0 -   - 3 - - - - - 2
Own ECC held by SB1 Markets 1) 11 -   - 49 - - 10 - - 70
Merging with SpareBank 1 Søre Sunnmøre 288 1,513   158 - - - - - -93 1,866
Direct recognitions in equity - -   - - - - 110 - - 110
Share of other transactions from associates and joint ventures - -   - - - - -3 - - -3
Other transactions from associates and joint ventures - -   - - - - -169 - - -169
Change in non-controlling interests - -   - - - - - - -312 -312
Total transactions with owners 298 1,513   158 52 -1,314 - -52 10 -405 260
Equity at 31 December 2023 2,884 2,409   6,865 8,482 2,591 106 2,690 1,903 666 28,597
1) Holding of own equity certificates as part of SpareBank 1 Markets' trading activity
2) The change in principle as a result of the implementation of IFRS 17 is described in Note 2 Accounting Principles
Eksporter til Excel



Annual report and notes

© SpareBank 1 SMN