Statement of Financial Position

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ASSETS
GROUP				PARENT BANK
31.12.2018	31.12.2019	(NOK million)	Note	31.12.2019	31.12.2018
857	1 072	Cash and claims on Norges Bank		1 072	857
813	369	Loans to and receivables from credit institutions, on a call basis		369	678
475	719	Loans to and receivables from credit institutions, with a fixed maturity		2 890	1 652
1 288	1 088	Total loans to and receivables from credit institutions	16	3 259	2 330
60 346	64 029	Net loans to and receivables from customers	3 4 5 6 7 16 17 21	38 494	37 059
6 789	6 938	Certificates, bonds and other interest-bearing securities	13 15	6 260	7 095
1 209	1 176	Financial derivatives	10	586	584
182	194	Shares and other securities	13 15	194	182
0	0	Equity stakes in financial institutions (subsidiaries)		2 050	1 600
0	0	Equity stakes in other Group companies		21	21
0	0	Total equity stakes in Group companies	16	2 071	1 621
54	0	Deferred tax benefit	26	0	50
42	53	Intangible assets	24	53	42
14	9	Machinery, equipment, fixtures and fittings and vehicles	23	9	14
172	227	Buildings and other real estate	20 23	189	20
186	236	Total fixed assets		198	34
17	0	Excess funding defined benefit plan	22	0	17
70	89	Other assets	25	84	66
71 040	74 875	Total assets	9 10 13 14 15	52 271	49 937

LIABILITIES AND EQUITY
GROUP				PARENT BANK
31.12.2018	31.12.2019	(NOK million)	Note	31.12.2019	31.12.2018
201	67	Loans and deposits from credit institutions, on a call basis		769	914
754	750	Loans and deposits from credit institutions, with a fixed maturity		750	754
955	817	Total loans and deposits from credit institutions	16	1 519	1 668
24 620	25 538	Deposits from customers, on a call basis		25 559	24 643
9 794	11 265	Deposits from customers, with a fixed maturity		11 265	9 794
34 414	36 803	Total deposits from customers	4 5 16 17 21	36 824	34 437
26 980	28 271	Bonds issued	12 13 14 15	5 209	5 415
525	288	Financial derivatives	10	242	502
76	86	Incurred costs and prepaid income		86	77
30	32	Pension liabilities	22	32	30
187	100	Tax payable	26	88	132
95	116	Provisions against guarantee liabilities	7	116	95
0	146	Deferred tax liability	26	81	0
422	542	Other liabilities	8 20	646	419
810	1 022	Total provisions and other liabilities		1 049	753
293	0	Additional Tier 1 capital		0	293
703	704	Subordinated loan capital		704	703
996	704	Total subordinated loan capital	11 14	704	996
64 680	67 905	Total liabilities	9 10 12 13 14 15	45 547	43 771
989	989	EC capital	29	989	989
-3	-3	ECs owned by the Bank	29	-3	-3
356	357	Share premium		357	356
349	599	Additional Tier 1 capital	11	599	349
1 691	1 942	Total paid-in equity		1 942	1 691
2 649	2 783	Primary capital fund		2 783	2 649
125	125	Gift fund		125	125
1 391	1 525	Dividend equalisation fund		1 525	1 391
504	595	Other equity		349	310
4 669	5 028	Total retained earnings		4 782	4 475
6 360	6 970	Total equity	28	6 724	6 166
71 040	74 875	Total liabilities and equity		52 271	49 937

Ålesund, 31 December 2019
26 February 2020

THE BOARD OF DIRECTORS OF SPAREBANKEN MØRE

LEIF-ARNE LANGØY, Chairman
ROY REITE, Deputy Chairman
RAGNA BRENNE BJERKESET
HENRIK GRUNG
JILL AASEN
ANN MAGRITT BJÅSTAD VIKEBAKK
HELGE KARSTEN KNUDSEN
MARIE REKDAL HIDE

TROND LARS NYDAL, CEO