Note 8

Operating segments

Result - Q1 2017	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	261	-1	102	160	0
Other operating income	66	21	21	20	4
Total income	327	20	123	180	4
Operating costs	150	23	29	93	5
Profit before impairment	177	-3	94	87	-1
Impairment on loans, guarantees etc.	2	0	3	-1	0
Pre tax profit	175	-3	91	88	-1
Taxes	44
Profit after tax	131


Key figures - 31.03.2017	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	53 993	889	15 990	37 114	0
Deposits from customers 1)	32 656	544	11 910	20 202	0
Guarantee liabilities	1 952	0	1 941	11	0
The deposit-to-loan ratio	60.5	61.2	74.5	54.4	0
Man-years	371	148	55	154	14


Result - Q1 2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	270	-7	110	167	0
Other operating income	56	13	20	20	3
Total income	326	6	130	187	3
Operating costs	148	23	30	91	4
Profit before impairment	178	-17	100	96	-1
Impairment on loans, guarantees etc.	-2	0	0	-2	0
Pre tax profit	180	-17	100	98	-1
Taxes	46
Profit after tax	134


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

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 2017	Q1 2016
	MØRE BOLIGKREDITT AS
Net interest income	57	60
Other operating income	-5	4
Total income	52	64
Operating costs	10	8
Profit before impairment on loans	42	56
Impairment on loans, guarantees etc.	0	0
Pre tax profit	42	56
Taxes	10	14
Profit after tax	32	42


Statement of financial position	31.03.2017	31.03.2016
Loans to and receivables from customers	18 534	18 023
Total equity	1 535	1 395