SpareBank 1 Boligkreditt AS Preliminary Annual Accounts, 2015 Contents

Transcription

1 Preliminary Annual Accounts, 2015 Contents Income Statement Statment of Comprehensive Income Balance Sheet Change in Equity Cash Flow Statement Quarterly Development

2 Preliminary statement Income statement 2015 NOK Note Total interest income 5 3,879,909 4,476,095 Total interest expenses 5-3,473,052-4,120,722 Net interest income 406, ,372 Net gains/losses from financial instruments 6 246,729-38,458 Net other operating income 246,729-38,458 Total operating income 653, ,915 Salaries and other ordinary personnel expenses ,700-10,224 Administration expenses 10-10,625-9,299 Other operating expenses 11-9,760-12,064 Depreciation/Amortization 13-1,985-1,702 Total operating expenses -33,070-33,290 Net profit before impairment losses 620, ,625 Write-downs on loans and guarantees Pre-tax operating result 620, ,625 Tax expense ,756-78,586 Net profit for the period 482, ,039 SpareBank 1 Boligkreditt AS Statemement of Comprehensive Income NOK Profit/loss for the year 482, ,039 Items which will not impact the income statement in future periods: Change in pension expense for an earlier period 4,700 Estimate change for pension expense 5,685-6,488 Tax effect of the estimate change -1,421 1,752 Total profit/loss accounted for in equity 4, Total profit/loss 487, ,003

3 Preliminary statement SpareBank 1 Boligkreditt AS Balance Sheet as of Dec. 31, 2015 NOK Note Assets Lending to and deposits with credit institutions 20,21 8,083,543 16,268,940 Norwegian Government Treasury Bills 20,21 8,705, ,553 Bonds 20,21 42,126,544 19,880,949 Lending to customers 14,20 169,338, ,205,282 Financial derivatives 19,20,21 40,947,743 29,746,665 Other assets 13,20 3,671 4,468 Total assets 269,206, ,593,858 Liabilities and equity Liabilities Debt incurred by issuing securities 17,20,21 218,853, ,719,491 Collateral received under derivatives contracts 20,31 36,950,453 27,181,223 Financial derivatives 19,20,21 690, ,043 Deferred tax 12,20 373, ,604 Tax payable - - Subordinated debt 18,20 2,434,380 1,954,262 Other Liabilities 9,20,23 156, ,836 Total liabilities 259,458, ,119,459 Equity Paid in equity capital ,568,470 8,268,470 Other paid in equity (not yet registered) ,000 Accrued equity ,852 2,039 Declared dividend , ,890 Total equity 9,747,533 8,474,399 Total liabilites and equity 269,206, ,593,858 Stavanger, Kjell Fordal Styreleder Inge Reinertsen Tore Anstein Dobloug Inger M S Eriksen Merete N Kristiansen Arve Austestad Adm direktør

4 Preliminary statement SpareBank 1 Boligkreditt AS Statement of changes in Equity NOK Share capital Premium Dividend Not yet registered equity capital increase Other Equity Total Equity Balance as of December 31, ,310,548 2,657, , ,289,025 Share increase February 26, , , ,000 Dividend , ,630 Result for the period ,890-1, ,039 Change in pension expense for an earlier period ,700 4,700 OCI - pension - estimate change ,736-4,736 Balance as of December 31, ,510,548 2,757, ,890-2,038 8,474,399 Dividend , ,890 Share increase 29. September , , ,000 Other paid in equity (not yet registered) 690, ,000 Net profit for the period * , , ,760 OCI result pensions - changes in estimate 4,264 4,264 Balance as of December 31, ,710,548 2,857, , , ,852 9,747,532 Due to prudence the Board has decided not to distribute all of the net profit as a dividend. The valuation adjustment for basis swaps at NOK 374 million (after tax) will not be paid out.

5 Preliminary statement Cash Flow Statement NOK Cash flows from operations Interest received 3,784,335 4,217,076 Payments for operations -27,767-34,248 Paid tax 0-20,537 Net cash flow relating to operations 3,756,568 4,162,291 Cash flows from investments Net purchase of loan portfolio -8,168,134 13,547,291 Net payments on the acquisition of government bills -8,214, ,608 Net payments on the acquisition of bonds -21,073,393-13,810,924 Net investments in intangible assets -1,054-1,603 Net cash flows relating to investments -37,457, ,372 Cash flows from funding activities Net receipt/payment from the issuance of certificates -749,970-2,649,531 Net receipt/payment from the issuance of bonds 19,811,929-8,996,950 Net receipt/payment from the issuance additional Tier 1 capital 480,000 1,950,000 Net receipt/payment from the issuance of loans to credit institutions 8,412,189 13,456,060 Equity capital subscription 990, ,000 Paid dividend -203, ,630 Net interest payments on funding activity -3,433,837-3,892,809 Net cash flow relating to funding activities 25,306, ,859 Net cash flow in the period -8,394,321 4,517,804 Balance of cash and cash equivalents beginning of period 16,268,940 11,882,469 Net receipt/payments on cash -8,394,321 4,517,804 Exchange rate difference 208, ,332 Balance of cash and cash equivalents end of period 8,083,543 16,268,940

6 Preliminary statement The quarterly statements have not been individually audited and are included for information purposes in the annual accounts. Quarterly Income Statements and Balance Sheets Income Statement 4. quarter 3. quarter 2. quarter 1. quarter 4. quarter NOK Total interest income 933, , ,788 1,006,916 1,089,772 Total interest expenses -838, , , , ,434 Net interest income 95, ,442 96, ,541 99,337 Net gains/losses from financial instruments 31,363 8,027-18, ,925 24,242 Net other operating income 31,363 8,027-18, ,925 24,242 Total operating income 126, ,469 77, , ,579 Salaries and other ordinary personnel expenses -3,622-2,409-2,075-2,594-2,200 Administration expenses -2,961-2,419-2,578-2,667-2,632 Other operating expenses -3,003-2,429-1,904-2,423-3,308 Depreciation/Amortization Total operating expenses -10,025-7,745-7,104-8,196-8,617 Net profit before impairment losses 116, ,724 70, , ,962 Write-downs on loans and guarantees Pre-tax operating result 116, ,724 70, , ,962 Tax expense -1,743-30,435-19,104-86,473-33,047 Net profit for the period 115,023 82,288 51, ,798 81,915 Other income and expense in comprehensive income 4, Total net profit for the period 119,286 82,288 51, ,798 81,879 Balance Sheet 4. quarter 3. quarter 2. quarter 1. quarter 4. quarter NOK Assets Lending to and deposits with credit institutions 8,083,543 16,896,170 13,049,194 14,824,479 16,268,940 Norwegian Government Treasury Bills 8,705,692-19, , ,553 Bonds 42,126,544 28,522,929 16,361,109 19,680,901 19,880,949 Lending to customers 169,338, ,201, ,072, ,915, ,205,282 Financial derivatives 40,947,743 37,885,017 27,178,048 29,953,871 29,746,665 Other assets 3,671 4,692 3,696 2,631 4,468 Total assets 269,206, ,510, ,684, ,625, ,593,858 Liabilities and equity Liabilities Debt incurred by issuing securities 218,853, ,403, ,577, ,054, ,719,491 Collateral received under derivatives contracts 36,950,453 35,800,968 24,404,974 25,767,483 27,181,223 Financial derivatives 690, , , , ,043 Deferred tax 373, , , , ,604 Tax payable Subordinated debt 2,434,380 2,434,246 1,953,999 1,954,021 1,954,262 Other Liabilities 156, , , , ,836 Total liabilities 259,458, ,571, ,128, ,916, ,119,459 Equity Paid in equity capital 8,568,470 8,268,470 8,268,470 8,268,470 8,268,470 Other paid in equity (not yet registered) 690, , Accrued equity 374,852 2,039 2,039 2,039 2,039 Net profit - 367, , ,798 - Declared dividend 114, , ,890 Total Equity 9,747,533 8,938,246 8,503,595 8,708,196 8,474,399 Total Liabilities and Equity 269,206, ,510, ,612, ,625, ,593,858