Note 8

Operating segments

Result - Q2 2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	275	-3	108	170	0
Other operating income	106	53	23	25	5
Total income	381	50	131	195	5
Operating costs	147	34	26	82	5
Profit before impairment	234	16	105	113	0
Impairment on loans, guarantees etc.	-3	0	-1	-2	0
Pre tax profit	237	16	106	115	0
Taxes	51
Profit after tax	186


Result - 30.06.2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	525	-30	218	337	0
Other operating income	162	66	43	45	8
Total income	687	36	261	382	8
Operating costs	295	57	56	173	9
Profit before impairment	392	-21	205	209	-1
Impairment on loans, guarantees etc.	-5	0	-1	-4	0
Pre tax profit	397	-21	206	213	-1
Taxes	91
Profit after tax	306


Key figures - 30.06.2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	51 192	990	15 207	34 995	0
Deposits from customers 1)	31 595	934	10 630	20 031	0
Guarantee liabilities	1 662	0	1 653	9	0
The deposit-to-loan ratio	61.7	94.3	69.9	57.2	0
Man-years	381	148	55	162	16


Result - Q2 2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	275	2	116	157	0
Other operating income	65	11	24	24	6
Total income	340	13	140	181	6
Operating costs	144	28	26	85	5
Profit before impairment	196	-15	114	96	1
Impairment on loans, guarantees etc.	7	24	-16	-1	0
Pre tax profit	189	-39	130	97	1
Taxes	50
Profit after tax	139


Result - 30.06.2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	530	-13	231	312	0
Other operating income	132	26	45	50	11
Total income	662	13	276	362	11
Operating costs	291	54	54	173	10
Profit before impairment	371	-41	222	189	1
Impairment on loans, guarantees etc.	15	34	-18	-1	0
Pre tax profit	356	-75	240	190	1
Taxes	95
Profit after tax	261


Key figures - 30.06.2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	50 458	1 020	16 640	32 798	0
Deposits from customers 1)	29 959	939	9 696	19 324	0
Guarantee liabilities	1 711	0	1 702	9	0
The deposit-to-loan ratio	59.4	92.1	58.3	58.9	0
Man-years	385	151	56	163	15

1) The subsidiary, Møre Boligkreditt AS, is part of the Bank’s Retail segment. The mortgage company's main objective is to issue covered bonds for both national and international investors, and the company is part of Sparebanken Møre's long-term financing strategy. Key figures for Møre Boligkreditt AS are displayed in a separate table.

Statement of income	Q2 2016	Q2 2015
	MØRE BOLIGKREDITT AS
Net interest income	62	67
Other operating income	1	-1
Total income	63	66
Operating costs	9	9
Profit before impairment on loans	54	57
Impairment on loans, guarantees etc.	0	2
Pre tax profit	54	55
Taxes	14	14
Profit after tax	40	41


Statement of income	30.06.2016	30.06.2015
Net interest income	122	142
Other operating income	5	7
Total income	127	149
Operating costs	17	16
Profit before impairment on loans	110	133
Impairment on loans, guarantees etc.	0	2
Pre tax profit	110	131
Taxes	28	35
Profit after tax	82	96


Statement of financial position	30.06.2016	30.06.2015
Loans to and receivables from customers	18 137	16 030
Total equity	1 435	1 249