SPAREBANK 1 SØRØST-NORGE financials
SPAREBANK 1 SØRØST-NORGE
Country: NO Reporting currency: NOK Latest annual report: 2023-12-31
LEI:
5967007LIEEXZX4VQO21 Financial statements
(NOK, as reported — unscaled; 111 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Gross profit | NOK 1.31B | NOK 1.04B |
| Other income | NOK 325.0M | NOK 304.0M |
| Operating expenses | NOK 1.33B | NOK 1.27B |
| Employee benefits expense | NOK 767.0M | NOK 716.0M |
| Operating profit (EBIT) | NOK 1.31B | NOK 1.04B |
| Profit before tax | NOK 1.71B | NOK 1.31B |
| Income tax expense | NOK 400.0M | NOK 270.0M |
| Profit for the year | NOK 1.31B | NOK 1.04B |
| — attributable to owners | NOK 1.31B | NOK 1.04B |
| — attributable to NCI | NOK 1.0M | NOK 3.0M |
| Total comprehensive income | NOK 1.30B | NOK 1.08B |
| Per share | ||
| Basic EPS | NOK 5.47 | NOK 4.27 |
| Free cash flow / share | NOK -0.89 | NOK -3.42 |
| Cash flow statement | ||
| Cash generated from operations | NOK 2.11B | NOK 1.69B |
| Net cash from operating activities | -NOK 200.0M | -NOK 794.0M |
| Net cash from investing activities | NOK 195.0M | NOK 635.0M |
| Purchase of PP&E (capex) | NOK 14.0M | NOK 39.0M |
| Net cash from financing activities | -NOK 808.0M | NOK 954.0M |
| Proceeds from borrowings | NOK 123.0M | NOK 39.0M |
| Repayments of borrowings | NOK 1.0M | NOK 1.0M |
| Net change in cash | -NOK 814.0M | NOK 796.0M |
| Balance sheet | ||
| Total assets | NOK 90.00B | NOK 89.55B |
| Property, plant & equipment | NOK 275.0M | NOK 326.0M |
| Intangible assets & goodwill | NOK 465.0M | NOK 458.0M |
| Cash & equivalents | NOK 1.79B | NOK 2.61B |
| Total equity | NOK 13.05B | NOK 12.77B |
| — attributable to owners | NOK 13.05B | NOK 12.77B |
| Non-controlling interests | NOK 6.0M | NOK 7.0M |
| Derived metrics | ||
| Free cash flow | -NOK 214.0M | -NOK 833.0M |
| Return on equity | 10.0% | 8.1% |
| Cash conversion ratio | -0.15× | -0.76× |
| Capex coverage | -14.29× | -20.36× |
| Other reported items | ||
| Adjustments For Decrease Increase In Financial Assets Held For Trading | -NOK 1.35B | -NOK 1.69B |
| Adjustments For Decrease Increase In Loans and Advances To Banks | -NOK 88.0M | -NOK 150.0M |
| Adjustments For Decrease Increase In Loans and Advances To Customers | -NOK 69.0M | -NOK 143.0M |
| Adjustments For Decrease Increase In Other Operating Receivables | -NOK 21.0M | -NOK 24.0M |
| Adjustments For Depreciation and Amortisation Expense | NOK 54.0M | NOK 54.0M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | -NOK 57.0M | NOK 40.0M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Property Plant and Equipment | -NOK 3.0M | -NOK 6.0M |
| Adjustments For Income Tax Expense | -NOK 312.0M | -NOK 267.0M |
| Adjustments For Increase Decrease In Deposits From Customers | -NOK 33.0M | NOK 505.0M |
| Adjustments For Increase Decrease In Other Current Liabilities | NOK 14.0M | -NOK 262.0M |
| Cash and Bank Balances At Central Banks | NOK 105.0M | NOK 108.0M |
| Cash Equivalents | NOK 105.0M | NOK 108.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | NOK 1.0M | NOK 3.0M |
| Comprehensive Income Attributable To Owners of Parent | NOK 1.30B | NOK 1.07B |
| Current Deposits From Customers | NOK 55.18B | NOK 55.22B |
| Current Tax Liabilities Current | NOK 435.0M | NOK 319.0M |
| Debt Instruments Held | NOK 9.78B | NOK 8.43B |
| Debt Securities | NOK 19.77B | NOK 19.57B |
| Deferred Tax Assets | NOK 60.0M | NOK 39.0M |
| Deposits From Banks | NOK 16.0M | NOK 19.0M |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | NOK 951.0M | NOK 496.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | NOK 544.0M | NOK 574.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | NOK 3.88 | NOK 4.10 |
| Dividends Received Classified As Investing Activities | NOK 38.0M | NOK 77.0M |
| Dividends Recognised As Distributions To Owners of Parent Relating To Prior Years | NOK 948.0M | NOK 497.0M |
| Equity and Liabilities | NOK 90.00B | NOK 89.55B |
| Equity Instruments Held | NOK 2.45B | NOK 2.62B |
| Fee and Commission Expense | NOK 60.0M | NOK 39.0M |
| Fee and Commission Income | NOK 584.0M | NOK 618.0M |
| Gains Losses On Financial Assets At Fair Value Through Profit Or Loss | NOK 100.0M | NOK 167.0M |
| Gains Losses On Financial Assets At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition | NOK 18.0M | -NOK 5.0M |
| Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Net of Tax | -NOK 9.0M | NOK 3.0M |
| Gains Losses On Financial Assets Reclassified Out of Financial Assets At Fair Value Through Profit Or Loss Recognised In Profit Or Loss | -NOK 9.0M | NOK 3.0M |
| Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 | -NOK 57.0M | NOK 40.0M |
| Increase Decrease Through Change In Equity of Subsidiaries | NOK 61.0M | — |
| Increase Decrease Through Other Distributions To Owners | NOK 1.9M | NOK 600.0K |
| Increase Decrease Through Transfers and Other Changes Equity | -NOK 51.0M | -NOK 8.0M |
| Interest Expense | NOK 2.35B | NOK 1.01B |
| Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss | NOK 522.0M | NOK 287.0M |
| Interest Paid Classified As Investing Activities | NOK 984.0M | NOK 482.0M |
| Interest Paid Classified As Operating Activities | NOK 1.33B | NOK 492.0M |
| Interest Received Classified As Investing Activities | NOK 442.0M | NOK 189.0M |
| Interest Received Classified As Operating Activities | NOK 3.82B | NOK 2.35B |
| Interest Revenue Calculated Using Effective Interest Method | NOK 3.86B | NOK 2.30B |
| Interest Revenue Expense | NOK 2.04B | NOK 1.57B |
| Investment Accounted For Using Equity Method | NOK 1.41B | NOK 1.45B |
| Investments In Subsidiaries Joint Ventures and Associates | NOK 0 | NOK 0 |
| Issued Capital | NOK 2.10B | NOK 2.10B |
| Liabilities | NOK 76.95B | NOK 76.77B |
| Loans and Advances To Customers | NOK 72.63B | NOK 72.55B |
| Other Assets | NOK 382.0M | NOK 399.0M |
| Other Cash and Cash Equivalents | NOK 1.69B | NOK 2.50B |
| Other Cash Receipts From Sales of Equity Or Debt Instruments of Other Entities Classified As Investing Activities | NOK 0 | NOK 642.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | NOK 0 | NOK 35.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -NOK 8.0M | NOK 37.0M |
| Other Expense By Nature | NOK 567.0M | NOK 556.0M |
| Other Liabilities | NOK 802.0M | NOK 900.0M |
| Other Reserves | NOK 127.0M | NOK 310.0M |
| Proceeds From Issue of Bonds Notes and Debentures | NOK 3.53B | NOK 6.22B |
| Proceeds From Issue of Subordinated Liabilities | NOK 200.0M | NOK 416.0M |
| Proceeds From Other Longterm Assets Classified As Investing Activities | NOK 264.0M | NOK 130.0M |
| Proceeds From Sale Or Issue of Treasury Shares | NOK 6.0M | NOK 6.0M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | NOK 14.0M | NOK 15.0M |
| Purchase of Other Longterm Assets Classified As Investing Activities | NOK 69.0M | NOK 114.0M |
| Repayments of Bonds Notes and Debentures | NOK 3.39B | NOK 4.79B |
| Repayments of Subordinated Liabilities | NOK 200.0M | NOK 411.0M |
| Reserve For Equalisation | NOK 1.68B | NOK 1.41B |
| Reserve of Gains and Losses From Investments In Equity Instruments | NOK 112.0M | NOK 91.0M |
| Revenue and Operating Income | NOK 2.99B | NOK 2.62B |
| Revenue From Dividends | NOK 38.0M | NOK 77.0M |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method Before Tax | NOK 2.0M | -NOK 1.0M |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Before Tax | -NOK 44.0M | -NOK 158.0M |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax | NOK 2.0M | -NOK 1.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | NOK 44.0M | NOK 94.0M |
| Share Premium | NOK 3.78B | NOK 3.78B |
| Shortterm Deposits Classified As Cash Equivalents | NOK 1.69B | NOK 2.50B |
| Shortterm Deposits Not Classified As Cash Equivalents | NOK 761.0M | NOK 673.0M |
| Subordinated Liabilities | NOK 751.0M | NOK 749.0M |
| Transfers From To Other Retirement Benefit Plans | -NOK 1.0M | NOK 6.0M |
Methodology
Every line item above is a fact tagged in SPAREBANK 1 SØRØST-NORGE's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (NOK), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.