Note 8

Operating segments

Result - Q1 2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	250	-27	110	167	0
Other operating income	56	13	20	20	3
Total income	306	-14	130	187	3
Operating costs	148	23	30	91	4
Profit before impairment	158	-37	100	96	-1
Impairment on loans, guarantees etc.	-2	0	0	-2	0
Pre tax profit	160	-37	100	98	-1
Taxes	40
Profit after tax	120


Key figures - 31.03.2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	51 440	1 024	16 138	34 278	0
Deposits from customers 1)	29 738	840	10 000	18 898	0
Guarantee liabilities	1 693	0	1 685	8	0
The deposit-to-loan ratio	57.8	82.0	62.0	55.1	0
Man-years	388	148	56	166	18


Result - Q1 2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	255	-15	115	155	0
Other operating income	67	15	21	26	5
Total income	322	0	136	181	5
Operating costs	147	26	28	88	5
Profit before impairment	175	-26	108	93	0
Impairment on loans, guarantees etc.	8	10	-2	0	0
Pre tax profit	167	-36	110	93	0
Taxes	45
Profit after tax	122


Key figures - 31.03.2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	50 454	1 067	17 338	32 049	0
Deposits from customers 1)	28 477	694	9 470	18 313	0
Guarantee liabilities	1 652	0	1 643	9	0
The deposit-to-loan ratio	58.1	65.0	54.6	57.1	0
Man-years	380	150	53	161	16

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	Q1 2016	Q1 2015
	MØRE BOLIGKREDITT AS
Net interest income	60	75
Other operating income	4	8
Total income	64	83
Operating costs	8	7
Profit before impairment on loans	56	76
Impairment on loans, guarantees etc.	0	0
Pre tax profit	56	76
Taxes	14	21
Profit after tax	42	55


Statement of financial position	31.03.2016	31.03.2015
Loans to and receivables from customers	18 023	15 772
Total equity	1 395	1 208