Note 8

Operating segments

Result - Q2 2017	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	268	-8	105	171	0
Other operating income	63	8	24	26	5
Total income	331	0	129	197	5
Operating costs	151	36	26	84	5
Profit before impairment	180	-36	103	113	0
Impairment on loans, guarantees etc.	6	0	8	-2	0
Pre tax profit	174	-36	95	115	0
Taxes	44
Profit after tax	130


Result - 30.06.2017	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	529	-9	207	331	0
Other operating income	129	29	45	46	9
Total income	658	20	252	377	9
Operating costs	301	59	55	177	10
Profit before impairment	357	-39	197	200	-1
Impairment on loans, guarantees etc.	8	0	11	-3	0
Pre tax profit	349	-39	186	203	-1
Taxes	88
Profit after tax	261


Key figures - 30.06.2017	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	56 040	935	17 223	37 882	0
Deposits from customers 1)	33 514	620	11 538	21 356	0
Guarantee liabilities	1 803	0	1 792	11	0
The deposit-to-loan ratio	59.8	66.3	67.0	56.4	0
Man-years	364	152	52	147	13


Result - Q2 2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	268	-10	108	170	0
Other operating income	106	53	23	25	5
Total income	374	43	131	195	5
Operating costs	147	34	26	82	5
Profit before impairment	227	9	105	113	0
Impairment on loans, guarantees etc.	-3	0	-1	-2	0
Pre tax profit	230	9	106	115	0
Taxes	49
Profit after tax	181


Result - 30.06.2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	538	-17	218	337	0
Other operating income	162	66	43	45	8
Total income	700	49	261	382	8
Operating costs	295	57	56	173	9
Profit before impairment	405	-8	205	209	-1
Impairment on loans, guarantees etc.	-5	0	-1	-4	0
Pre tax profit	410	-8	206	213	-1
Taxes	95
Profit after tax	315


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

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 2017	Q2 2016
	MØRE BOLIGKREDITT AS
Net interest income	61	62
Other operating income	-6	1
Total income	55	63
Operating costs	9	9
Profit before impairment on loans	46	54
Impairment on loans, guarantees etc.	0	0
Pre tax profit	46	54
Taxes	12	14
Profit after tax	34	40


Statement of income	30.06.2017	30.06.2016
Net interest income	118	122
Other operating income	-11	5
Total income	107	127
Operating costs	19	17
Profit before impairment on loans	88	110
Impairment on loans, guarantees etc.	0	0
Pre tax profit	88	110
Taxes	22	28
Profit after tax	66	82


Statement of financial position	30.06.2017	30.06.2016
Loans to and receivables from customers	20 535	18 137
Total equity	1 569	1 435