31.12.2018 | | | | | |
(NOK million) | Note | Total
equity | Share
capital | Share
premium | Retained earnings |
---|
Equity as at 31 December 2017 | | 1 667 | 1 325 | 175 | 167 |
Effect of transition to IFRS 9 01.01.2018 1) | | -9 | | | -9 |
Equity as at 1 January 2018 | | 1 658 | 1 325 | 175 | 158 |
Total comprehensive income for the period | | 161 | | | 161 |
Issue of share capital | | 100 | 100 | | |
Dividends | | -152 | | | -152 |
Equity as at 31 December 2018 | 14 15 | 1 767 | 1 425 | 175 | 167 |
1) The effect of transition to IFRS 9 is entirely related to increased impairments for expected credit losses of NOK 12 million, less tax effect of NOK 3 million. |
The share capital consists of 1 140 000 shares at NOK 1 250, a total of NOK 1 425 million. All shares are owned by Sparebanken Møre. |
Proposed dividend as of 31 December 2018 amounts to NOK 167 million. | |
| | | | | |
31.12.2017 | | | | | |
(NOK million) | Note | Total
equity | Share
capital | Share
premium | Retained earnings |
---|
Equity as at 31 December 2016 | | 1 509 | 1 175 | 175 | 159 |
Total comprehensive income for the period | | 165 | | | 165 |
Issue of share capital | | 150 | 150 | | |
Dividends | | -156 | | | -156 |
Equity as at 31 December 2017 | 14 15 | 1 667 | 1 325 | 175 | 167 |
The share capital consisted of 1 060 000 shares at NOK 1 250, a total of NOK 1 325 million. All shares were owned by Sparebanken Møre. Dividend as of 31 December 2017 amounted to NOK 152 million. |