3rd Quarterly Report 2013 SpareBank 1 Boligkreditt AS
| NOK 1.000 | Note | 30.09.13 | 30.09.12 | 2012 |
|---|---|---|---|---|
| Total interest income | 2 | 3,523,917 | 3,826,592 | 5,031,867 |
| Total interest expenses | 2 | -3,331,691 | -3,679,550 | -4,846,847 |
| Net interest income | 192,225 | 147,042 | 185,020 | |
| Net gains/losses from financial instruments | 3 | 18,528 | 157,539 | 193,931 |
| Net other operating income | 18,528 | 157,539 | 193,931 | |
| Total operating income | 210,753 | 304,581 | 378,951 | |
| Salaries and other ordinary personnel expenses | 4 | -6,714 | -6,919 | -9,458 |
| Administration expenses | 5 | -7,153 | -4,603 | -7,009 |
| Other operating expenses | 6 | -7,125 | -8,106 | -11,216 |
| Depreciation/Amortisation | -1,315 | -1,139 | -1,713 | |
| Total operating expenses | -22,307 | -20,767 | -29,396 | |
| Operating result before losses | 188,446 | 283,814 | 349,555 | |
| Write-downs on loans and guarantees | 8 | 0 | 0 | -2,023 |
| Pre-tax operating result | 188,446 | 283,814 | 347,532 | |
| Taxes | 52,765 | 79,468 | 97,305 | |
| Profit/loss for the period | 135,681 | 204,346 | 250,227 | |
| NOK 1.000 | 30.09.13 | 30.09.12 | 2012 | |
|---|---|---|---|---|
| Profit/loss for the period | 135,681 | 204,346 | 250,227 | |
| Pension estimates deviation | 7,096 | |||
| Tax effect pension estimates deviation | -1,987 | |||
| Total profit/loss accounted for in equity | 0 | 0 | 5,109 | |
| Total profit/loss | 135,681 | 204,346 | 255,336 | |
| Allocations | ||||
| Declared dividends | 145,886 | |||
| Other equity | 135,681 | 204,346 | 109,450 | |
| Total allocations | 135,681 | 204,346 | 255,336 | |
| NOK 1.000 | Note | 30.09.13 | 30.09.12 | 2012 |
|---|---|---|---|---|
| Assets | ||||
| Lending to and deposits with credit institutions | 8,141,726 | 5,030,819 | 6,036,499 | |
| Norwegian treasury bills | 5,289,918 | 5,266,663 | 1,801,802 | |
| Bonds | 11 | 6,768,991 | 11,740,867 | 12,472,275 |
| Lending to customers | 8 | 169,577,344 | 157,261,220 | 160,233,984 |
| Financial derivatives | 10 | 10,181,153 | 6,107,841 | 6,104,499 |
| Other assets | 7 | 4,839 | 3,455 | 3,587 |
| Total assets | 199,963,972 | 185,410,866 | 186,652,647 | |
| Liabilities and equity | ||||
| Liabilities | ||||
| Debt incurred by issuing securities | 9 | 182,065,316 | 169,296,209 | 170,644,817 |
| Collateral received in derivates transactions | 5,970,786 | 3,495,568 | 3,213,665 | |
| Financial derivatives | 10 | 826,967 | 3,983,467 | 3,531,313 |
| Deferred tax | 100,712 | 0 | 100,712 | |
| Tax payable | 0 | 0 | 0 | |
| Other liabilities | 14 | 2,797,990 | 1,092,111 | 1,369,734 |
| Total liabilities | 191,761,771 | 177,867,355 | 178,860,241 | |
| Equity | ||||
| Common equity | 7,968,470 | 6,918,470 | 7,548,470 | |
| New common equity not yet registered | 0 | 420,000 | ||
| Retained earnings | 98,050 | 695 | 98,050 | |
| Result | 135,681 | 204,346 | 0 | |
| Declared dividends | 0 | 0 | 145,886 | |
| Total equity | 8,202,201 | 7,543,511 | 7,792,406 | |
| Total liabilities and equity | 199,963,972 | 185,410,866 | 186,652,647 | |
| NOK 1.000 | Share capital | Premium reserve | Declared dividend | Fund for unrealised profits | Other equity | Total equity |
|---|---|---|---|---|---|---|
| Balance as of 31 December 2011 | 3,770,548 | 1,887,922 | 82,952 | 695 | 5,742,118 | |
| Share increase 5 January 2012 | 280,000 | 140,000 | 420,000 | |||
| Share increase 27 January 2012 | 280,000 | 140,000 | 420,000 | |||
| Share increase 16 March 2012 | 280,000 | 140,000 | 420,000 | |||
| Share increase 20 August 2012 | 280,000 | 140,000 | 420,000 | |||
| Share increase 24 October 2012 | 140,000 | 70,000 | 210,000 | |||
| Dividend 2011 | -82,952 | -82,952 | ||||
| Result for the period | 145,886 | 97,072 | 7,269 | 250,227 | ||
| Pension estimates deviation net of tax effect | 5,109 | 5,109 | ||||
| Pension obligation accounted for in equity | -12,095 | -12,095 | ||||
| Balance as of 31 December 2012 | 5,030,548 | 2,517,922 | 145,886 | 97,072 | 978 | 7,792,406 |
| Share increase 8 April 2013 | 280,000 | 140,000 | 420,000 | |||
| Dividend 2012 | -145,886 | -145,886 | ||||
| Result for the period | 135,681 | 135,681 | ||||
| Balance as of 30 September 2013 | 5,310,548 | 2,657,922 | 0 | 97,072 | 136,659 | 8,202,201 |
| SpareBank 1 Boligkreditt AS | |||
|---|---|---|---|
| Cash flow statement | |||
| NOK 1.000 | 41,547 | 41,182 | 2,012 |
| Cash flows from operations | |||
| Interest received | 3,500,616 | 3,323,879 | 4,691,621 |
| Payments to operations | -29,128 | -20,286 | -22,007 |
| Paid tax | 0 | -38,644 | -32,259 |
| Net cash flow relating to operations | 3,471,488 | 3,264,949 | 4,637,355 |
| Cash flows from investments | |||
| Net purchase of loan portfolio | -9,329,153 | -30,226,498 | -33,205,024 |
| Net payments on the acquisition of government bills | -3,466,174 | -1,121,401 | 2,332,616 |
| Net payments on the acquisition of bonds | 6,130,923 | -2,996,810 | -3,720,224 |
| Net investments in intangible assets | -2,672 | -1,286 | -1,616 |
| Net cash flows relating to investments | -6,667,076 | -34,345,995 | -34,594,249 |
| Cash flows from funding activities | |||
| Net receipt/payment from the issuance of certificates | -60,269 | -519,220 | -480,627 |
| Net receipt/payment from the issuance of bonds | 4,204,117 | 32,570,291 | 33,482,836 |
| Net receipt/payment from the issuance of loans to credit institutions | 4,140,823 | 2,557,963 | 2,615,429 |
| Equity capital subscription | 420,000 | 1,680,000 | 1,890,000 |
| Paid dividend | -145,886 | -82,952 | -82,952 |
| Net interest payments on funding activity | -3,259,329 | -3,142,319 | -4,485,657 |
| Net cash flow relating to funding activities | 5,299,457 | 33,063,763 | 32,939,030 |
| Net cash flow in the period | 2,103,869 | 1,982,717 | 2,982,136 |
| Balance of cash and cash equivalents. starting balance | 6,036,499 | 3,046,116 | 3,046,116 |
| Net receipt/payments on cash | 2,103,869 | 1,982,717 | 2,982,136 |
| Exchange rate difference | 1,358 | 1,986 | 8,248 |
| Balance of cash and cash equivalents, ending balance | 8,141,726 | 5,030,819 | 6,036,499 |