Note 8

Operating segments

Result - Q4 2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	279	-1	108	172	0
Other operating income	45	-3	23	21	4
Total income	324	-4	131	193	4
Operating costs	143	19	30	88	6
Profit before impairment	181	-23	101	105	-2
Impairment on loans, guarantees etc.	22	30	-8	0	0
Pre tax profit	159	-53	109	105	-2
Taxes	43
Profit after tax	116


Result - 31.12.2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	1 082	-36	433	685	0
Other operating income	281	85	87	92	17
Total income	1 363	49	520	777	17
Operating costs	586	102	115	349	20
Profit before impairment	777	-53	405	428	-3
Impairment on loans, guarantees etc.	22	35	-9	-4	0
Pre tax profit	755	-88	414	432	-3
Taxes	181
Profit after tax	574


Key figures - 31.12.2016	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	52 691	824	15 508	36 359	0
Deposits from customers 1)	32 562	480	12 083	19 999	0
Guarantee liabilities	1 741	0	1 733	8	0
The deposit-to-loan ratio	61,8	58,3	77,9	55,0	0
Man-years	378	150	55	159	14


Result - Q4 2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	279	-12	117	174	0
Other operating income	40	-8	21	23	4
Total income	319	-20	138	197	4
Operating costs	124	3	32	83	6
Profit before impairment	195	-23	106	114	-2
Impairment on loans, guarantees etc.	25	24	2	-1	0
Pre tax profit	170	-47	104	115	-2
Taxes	48
Profit after tax	122


Result - 31.12.2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Net interest income	1 098	-22	468	652	0
Other operating income	205	-10	90	105	20
Total income	1 303	-32	558	757	20
Operating costs	561	78	117	346	20
Profit before impairment	742	-110	441	411	0
Impairment on loans, guarantees etc.	50	96	-42	-4	0
Pre tax profit	692	-206	483	415	0
Taxes	189
Profit after tax	503


Key figures - 31.12.2015	Group	Eliminations/ other	Corporate	Retail 1)	Real estate brokerage
Loans to customers 1)	51 286	1 007	16 245	34 034	0
Deposits from customers 1)	29 389	731	9 673	18 985	0
Guarantee liabilities	1 605	0	1 595	10	0
The deposit-to-loan ratio	57,3	72,6	59,5	55,8	0
Man-years	388	155	58	160	15

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	Q4 2016	Q4 2015
	MØRE BOLIGKREDITT AS
Net interest income	59	65
Other operating income	-6	-3
Total income	53	62
Operating costs	8	8
Profit before impairment on loans	45	54
Impairment on loans, guarantees etc.	1	0
Pre tax profit	44	54
Taxes	11	15
Profit after tax	33	39


Statement of income	31.12.2016	31.12.2015
Net interest income	242	273
Other operating income	0	1
Total income	242	274
Operating costs	33	31
Profit before impairment on loans	209	243
Impairment on loans, guarantees etc.	1	2
Pre tax profit	208	241
Taxes	52	65
Profit after tax	156	176


Statement of financial position	31.12.2016	31.12.2015
Loans to and receivables from customers	19 810	16 907
Total equity	1 509	1 329