SpareBank 1 Sørøst-Norge
ISIN: NO0006000207 | Ticker: SOON | LEI: 5967007LIEEXZX4VQO21
Country: Norway
SpareBank 1 BV and Sparebanken Telemark merged and company changed its name to SpareBank 1 Sørøst-Norge. It is part of the SpareBank 1 alliance of 13 independent saving banks. The bank caters to retail and corporate customers and is present with 17 offices in the bank's market area. Through the SpareBank 1 alliance and its own subsidiaries,SpareBank 1 Sørøst-Norge secures access to competitive products within financing, savings, insurance and payment. The bank has an agreement with SpareBank 1 Boligkreditt on the mediation of loan applications. This is a wholly owned company by the banks in the SpareBank 1 alliance, which issues both covered bonds (OMF) and senior debt.
Year founded1859
Served areaNorway
HeadquartersPostboks 216, 3201 Sandefjord – Norway
| Line item in (nok) | 02.01.2020 | 01.01.2021 | 02.01.2021 | 01.01.2022 | 02.01.2022 | 01.01.2023 |
|---|---|---|---|---|---|---|
| Assets | N/A | 40,455,000,000.00 | N/A | 74,911,000,000.00 | N/A | 89,547,000,000.00 |
| Property Plant And Equipment | N/A | 102,000,000.00 | N/A | 277,000,000.00 | N/A | 326,000,000.00 |
| Goodwill | N/A | 25,000,000.00 | N/A | 34,000,000.00 | N/A | 458,000,000.00 |
| Investment Accounted For Using Equity Method | N/A | 713,000,000.00 | N/A | 1,141,000,000.00 | N/A | 1,452,000,000.00 |
| Investments In Subsidiaries Joint Ventures And Associates | N/A | 0.00 | N/A | 0.00 | N/A | 0.00 |
| Deferred Tax Assets | N/A | 12,000,000.00 | N/A | 23,000,000.00 | N/A | 39,000,000.00 |
| Cash and cash equivalents | 861,000,000.00 | 870,000,000.00 | 870,000,000.00 | 1,812,000,000.00 | 1,812,000,000.00 | 2,607,000,000.00 |
| Cash Equivalents | N/A | N/A | N/A | 114,000,000.00 | N/A | 108,000,000.00 |
| Shortterm Deposits Classified As Cash Equivalents | N/A | 769,000,000.00 | N/A | 1,698,000,000.00 | N/A | 2,499,000,000.00 |
| Other Cash And Cash Equivalents | N/A | 101,000,000.00 | N/A | 1,698,000,000.00 | N/A | 2,499,000,000.00 |
| Shortterm Deposits Not Classified As Cash Equivalents | N/A | N/A | N/A | 455,000,000.00 | N/A | 605,000,000.00 |
| Equity And Liabilities | N/A | 40,455,000,000.00 | N/A | 74,911,000,000.00 | N/A | 89,547,000,000.00 |
| Equity | 5,193,000,000.00 | 5,537,000,000.00 | 5,537,000,000.00 | 10,100,000,000.00 | 10,100,000,000.00 | 12,774,000,000.00 |
| Issued Capital | N/A | 947,000,000.00 | N/A | 1,778,000,000.00 | N/A | 2,101,000,000.00 |
| Share Premium | N/A | 1,026,000,000.00 | N/A | 2,777,000,000.00 | N/A | 3,779,000,000.00 |
| Other Equity Interest | N/A | 9,000,000.00 | N/A | 11,000,000.00 | N/A | N/A |
| Other Reserves | N/A | 258,000,000.00 | N/A | 318,000,000.00 | N/A | 310,000,000.00 |
| Reserve For Equalisation | N/A | N/A | N/A | 1,108,000,000.00 | N/A | 1,413,000,000.00 |
| Noncontrolling Interests | N/A | 2,000,000.00 | N/A | 10,000,000.00 | N/A | 7,000,000.00 |
| Liabilities | N/A | 34,919,000,000.00 | N/A | 64,811,000,000.00 | N/A | 76,773,000,000.00 |
| Current Tax Liabilities Current | N/A | N/A | N/A | 220,000,000.00 | N/A | 319,000,000.00 |
| Current Deposits From Customers | N/A | N/A | N/A | 46,212,000,000.00 | N/A | 55,216,000,000.00 |
| Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 1,260,000,000.00 | 1,995,000,000.00 | N/A |
| Interest Revenue Calculated Using Effective Interest Method | 884,000,000.00 | 1,157,000,000.00 | 2,296,000,000.00 |
| Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss | 96,000,000.00 | 96,000,000.00 | 287,000,000.00 |
| Interest Income On Loans And Advances To Banks | N/A | 10,000,000.00 | 39,000,000.00 |
| Revenue From Dividends | 31,000,000.00 | 33,000,000.00 | 77,000,000.00 |
| Other Income | 165,000,000.00 | 233,000,000.00 | 304,000,000.00 |
| Employee Benefits Expense | 359,000,000.00 | 529,000,000.00 | 716,000,000.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 31,000,000.00 | 79,000,000.00 | N/A |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 31,000,000.00 | 79,000,000.00 | N/A |
| Other Expense By Nature | 240,000,000.00 | 357,000,000.00 | 556,000,000.00 |
| Profit Loss From Operating Activities | N/A | 869,000,000.00 | 1,041,000,000.00 |
| Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 | 31,000,000.00 | 79,000,000.00 | 40,000,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 101,000,000.00 | 153,000,000.00 | 94,000,000.00 |
| Profit Loss Before Tax | 630,000,000.00 | 1,030,000,000.00 | 1,311,000,000.00 |
| Income Tax Expense Continuing Operations | 125,000,000.00 | 161,000,000.00 | 270,000,000.00 |
| Profit (loss) | 505,000,000.00 | 869,000,000.00 | 1,041,000,000.00 |
| Profit Loss Attributable To Owners Of Parent | 503,000,000.00 | 865,000,000.00 | 1,038,000,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 1,000,000.00 | 4,000,000.00 | 3,000,000.00 |
| Line item in (nok) | 01.01.2021 | 02.01.2020 | 01.01.2022 | 02.01.2021 | 01.01.2023 | 02.01.2022 |
|---|---|---|---|---|---|---|
| Profit (loss) | 505,000,000.00 | N/A | 869,000,000.00 | N/A | 1,041,000,000.00 | N/A |
| Adjustments For Income Tax Expense | -115,000,000.00 | N/A | -123,000,000.00 | N/A | -267,000,000.00 | N/A |
| Adjustments For Decrease Increase In Other Operating Receivables | 10,000,000.00 | N/A | -46,000,000.00 | N/A | -24,000,000.00 | N/A |
| Adjustments For Depreciation And Amortisation Expense | 9,000,000.00 | N/A | 36,000,000.00 | N/A | 54,000,000.00 | N/A |
| Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | N/A | 79,000,000.00 | N/A | 40,000,000.00 | N/A |
| Cash Flows From Used In Operations | N/A | N/A | 988,000,000.00 | N/A | 1,780,000,000.00 | N/A |
| Dividends Received Classified As Operating Activities | 31,000,000.00 | N/A | 33,000,000.00 | N/A | N/A | N/A |
| Interest Paid Classified As Operating Activities | 177,000,000.00 | N/A | -150,000,000.00 | N/A | -492,000,000.00 | N/A |
| Interest Received Classified As Operating Activities | 913,000,000.00 | N/A | 1,191,000,000.00 | N/A | 2,354,000,000.00 | N/A |
| Cash Flows From Used In Operating Activities | 526,000,000.00 | N/A | -1,888,000,000.00 | N/A | -794,000,000.00 | N/A |
| Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities | N/A | N/A | 1,186,000,000.00 | N/A | 642,000,000.00 | N/A |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | 8,000,000.00 | N/A | 23,000,000.00 | N/A | 15,000,000.00 | N/A |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | 48,000,000.00 | N/A | 29,000,000.00 | N/A | 39,000,000.00 | N/A |
| Proceeds From Other Longterm Assets Classified As Investing Activities | 78,000,000.00 | N/A | 223,000,000.00 | N/A | 130,000,000.00 | N/A |
| Purchase Of Other Longterm Assets Classified As Investing Activities | 68,000,000.00 | N/A | 81,000,000.00 | N/A | 114,000,000.00 | N/A |
| Dividends Received Classified As Investing Activities | N/A | N/A | 33,000,000.00 | N/A | 172,000,000.00 | N/A |
| Interest Paid Classified As Investing Activities | N/A | N/A | -154,000,000.00 | N/A | -482,000,000.00 | N/A |
| Interest Received Classified As Investing Activities | 58,000,000.00 | N/A | 57,000,000.00 | N/A | 189,000,000.00 | N/A |
| Cash Flows From Used In Investing Activities | -30,000,000.00 | N/A | 1,322,000,000.00 | N/A | 635,000,000.00 | N/A |
| Dividends Paid Classified As Financing Activities | 153,000,000.00 | N/A | 125,000,000.00 | N/A | N/A | N/A |
| Interest Paid Classified As Financing Activities | 134,000,000.00 | N/A | 154,000,000.00 | N/A | N/A | N/A |
| Cash Flows From Used In Financing Activities | -487,000,000.00 | N/A | 1,508,000,000.00 | N/A | 954,000,000.00 | N/A |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 9,000,000.00 | N/A | 942,000,000.00 | N/A | 796,000,000.00 | N/A |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | 9,000,000.00 | N/A | 942,000,000.00 | N/A | 796,000,000.00 | N/A |
| Cash and cash equivalents | 870,000,000.00 | 861,000,000.00 | 1,812,000,000.00 | 870,000,000.00 | 2,607,000,000.00 | 1,812,000,000.00 |
Please note that some sums might not add up.
NO0006000207
LEI5967007LIEEXZX4VQO21
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