Note 8

Operating segments

Result - Q2 2018	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	291	2	113	176	0
Other operating income	78	19	26	28	5
Total income	369	21	139	204	5
Operating costs	150	34	26	85	5
Profit before impairment	219	-13	113	119	0
Impairment on loans, guarantees etc.	-5	0	-4	-1	0
Pre tax profit	224	-13	117	120	0
Taxes	50
Profit after tax	174


Result - 30.06.2018	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	580	1	223	356	0
Other operating income	131	21	50	51	9
Total income	711	22	273	407	9
Operating costs	299	54	57	179	9
Profit before impairment	412	-32	216	228	0
Impairment on loans, guarantees etc.	-3	0	-2	-1	0
Pre tax profit	415	-32	218	229	0
Taxes	100
Profit after tax	315



Key figures - 30.06.2018	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	58 869	1 161	17 634	40 074	0
Deposits from customers 1)	34 239	738	11 343	22 158	0
Guarantee liabilities	1 588	0	1 582	6	0
The deposit-to-loan ratio	58.2	63.6	64.3	55.3	0
Man-years	356	156	51	135	14


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	0.0
Man-years	364	152	52	147	13

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 2018	Q2 2017
	MØRE BOLIGKREDITT AS
Net interest income	66	61
Other operating income	-2	-6
Total income	64	55
Operating costs	11	9
Profit before impairment on loans	53	46
Impairment on loans, guarantees etc.	1	0
Pre tax profit	52	46
Taxes	12	12
Profit after tax	40	34


Statement of income	30.06.2018	30.06.2017
Net interest income	138	118
Other operating income	-1	-11
Total income	137	107
Operating costs	21	19
Profit before impairment on loans	116	88
Impairment on loans, guarantees etc.	-1	0
Pre tax profit	117	88
Taxes	27	22
Profit after tax	90	66


Statement of financial position	30.06.2018	30.06.2017
Loans to and receivables from customers	23 856	20 535
Total equity	1 683	1 569