Note 39 - Investments in owner interests

Transkript

1 Note 39 - Investments in owner interests Subsidiaries, affiliates, joint ventures and companies held for sale. Company Company number Registered office Stake in per cent Investment in significant subsidiaries Finans Midt-Norge AS Trondheim 90.1 Invest AS Trondheim EiendomsMegler 1 Midt-Norge AS Trondheim 87.0 Kvartalet AS Trondheim Regnskapshuset SMN AS Trondheim Allegro Kapitalforvaltning ASA Trondheim 90.1 Bygget Steinkjer AS Trondheim Bygget Trondheim AS Trondheim Card Solutions AS Trondheim Brannstasjonen SMN AS Trondheim St. Olavs Plass 1 SMN AS Trondheim Bilplan AS Trondheim Jernbanegata 19 SMN AS Trondheim Shares owned by subsidiaries and sub-subsidiaries Leksvik Regnskapskontor AS Leksvik 50.0 Regnskapshuset Merkantilservice AS Trondheim Regnskapshuset Ålesund AS Ålesund Regnskapshuset Rørvik AS Vikna GMA Invest AS Trondheim Sentrumsgården AS Leksvik 35.3 Aqua Venture AS Trondheim 37.6 Maritech Systems AS Averøy 23.1 Omega-3 Invest AS Molde 33.6 Tjeldbergodden Utvikling AS Aure 23.0 Grilstad Marina AS Trondheim 35.0 GMN 51 AS Trondheim 30.0 GMN 52 AS Trondheim 30.0 GMN 53 AS Trondheim 30.0 GMN 54 AS Trondheim 30.0 GMN 6 AS Trondheim 35.0 Grilstad Energi AS Trondheim 30.0 Hommelvik Sjøside AS Malvik 40.0 Investment in jont ventures Gruppen AS Tromsø 19.5 Banksamarbeidet DA Oslo 17.7 Investment in associates BN Bank ASA Trondheim 33.0 SpareBank1 Boligkreditt AS Stavanger 17.5 Næringskreditt AS Stavanger 34.1 Kredittkort AS Trondheim 18.1 Markets AS Oslo 23.8 PAB Consulting AS Ålesund 34.0 Molde Kunnskapspark AS Molde 20.0 Bjerkeløkkja AS Trondheim 40.7 Investment in companies held for sale Mavi XV AS Trondheim Norway Cod AS Bindal Mavi XI AS Trondheim Mavi XXIV AS Trondheim Mavi XXV AS Trondheim Mavi XXVI AS Trondheim Mavi XXVII AS Trondheim Mavi XXVIII AS Trondheim of 5

2 Shares in subsidiaries, Parent Bank Recorded at acquisition cost in the Parent Bank. Full consolidation in the Group accounts. costs include tax charge. The booked of subsidiaries in the tables below is the Parent Bank s booked. The respective companys result of the year is shown in the resultcolumn below (NOK million) Company's capital (NOK 1000) No. Of Nominal (NOK 1000) Assets Liabilities expenses Result Book Finans Midt-Norge AS 271,920 27, ,625 3, investments in credit institutions 368 Invest AS Group 457, , EiendomsMegler 1 Midt-Norge AS 57,803 5, Kvartalet AS 326,160 30, Regnskapshuset SMN AS Group 14, Allegro Kapitalforvaltning ASA 6,000 6, Bygget Steinkjer AS 6, Bygget Trondheim AS 94, , Card Solutions AS 200 2, Brannstasjonen SMN AS 10, , St. Olavs Plass 1 SMN AS 10, , Bilplan AS 5,769 41, Jernbanegata 19 SMN AS 1,000 1,000, investments in other subsidiaries 2,122 investments in Group companies, Parent Bank 2,490 2 of 5

3 2013 (NOK million) Company's capital (NOK 1000) No. Of Nominal (NOK 1000) Assets Liabilities expenses Result Book Finans Midt-Norge AS 271,920 27, ,264 2, investments in credit institutions 323 Invest AS konsern 457, , EiendomsMegler 1 Midt-Norge AS 57,803 5, Kvartalet AS 326,160 30, Regnskapshuset SMN AS konsern 14, Allegro Kapitalforvaltning ASA 6,000 6, Bygget Steinkjer AS 6, Bygget Trondheim AS 94, , Card Solutions AS 200 2, Brannstasjonen SMN AS 10, , St. Olavs Plass 1 SMN AS 10, , Bilplan AS 5,769 41, investments in other subsidiaries 2,119 investments in Group companies, Parent Bank 2,442 3 of 5

4 Shares in associates and joint ventures Associates and joint ventures are recorded at acquisition cost in the Parent Bank. Group figures are presented by the equity method. Parent Bank Group (NOK million) ,115 3,138 As at 1 January 4,624 4, Acquisition/sale Reclassification Equity capital changes Profit Dividend paid ,138 3,361 Book as at 31 December 5,129 4,624 Specification of year's change, Group Additions/disposal Equity change Gruppen AS BN Bank ASA - -0 Boligkreditt AS 68-0 Næringskreditt AS 35 - Markets AS 31 - Kredittkort AS Kundesenter AS -0 - Verdipapirservice AS Companies owned by sparebank Regnskapshuset SMN AS Molde Kunnskapspark AS -0 - Development companies owned by Invest Income from investments in associates and joint ventures Profit from affiliates and joint ventures is specified in the table below. Badwill and amortisation effects related to acquisitions are included in the profit. Parent Bank Group (NOK million) Profit from: - - Gruppen Group Bank 1 Oslo Akershus AS SpareBank1 Boligkreditt AS BN Bank ASA Markets AS Næringskreditt AS Verdipapirservice AS Kredittkort AS Development companies owned by Invest Other companies -5-1 Dividends from: Gruppen AS Boligkreditt AS BN Bank ASA Næringskreditt AS Other companies from associates and joint ventures of 5

5 Company information on the Group's stakes in affiliates and joint ventures The tables below contain company or Group accounting figures on a 100 per cent basis, except for profit which is stated as the Group s. Booked is the consolidated in the Group (NOK million) Assets Liabilities costs Profit Book Gruppen konsern 55,408 48,013 12,623 10, , % 364,728 Boligkreditt AS 227, , , % 9,284,830 BN Bank ASA 35,787 32, , % 4,658,389 Markets AS % 14,333 Næringskreditt AS 18,161 16, % 4,909,200 Kredittkort AS 4,772 3, % 125,877 Other companies 32 4,974 Development companies owned by Invest (not included in the foregoing table) Activity levels in 2014 were high at the development companies Grilstad Marina AS, GMN 51 AS, GMN 52 AS, GMN 53 AS, GMN 54 AS, GMN 6 AS and Hommelvik Sjøside AS. Further, in 2014 Hommelvik Sjøside AS completed and handed over the third and fourth construction stage, and Grilstad Marina AS completed and handed over the second construction stage. The above development companies are booked in the Group accounts at NOK 154.8m as at 31 December (NOK million) Assets Liabilities costs Profit Book Gruppen konsern 50,702 44,899 12,733 11, , % 364,728 Boligkreditt AS 206, , , % 9,737,324 BN Bank ASA 37,505 33, , % 4,658,389 Markets AS % 14,333 Næringskreditt AS 15,767 14, % 4,645,000 Verdipapirservice AS % 332,568 Kredittkort AS % 125,877 Other companies 54 4,470 Companies held for sale 's strategy is that ownership duse to defaulted exposures should at the outset be of brief duration, normally not longer than one year. Investments are recorded at fair in the Parent Bank's accounts. In the Group accounts one-line consolidation is undertaken. The tables below contain company or Group accounting figures on a 100 per cent basis (NOK million) Assets Liabilities costs Company's result of the year Mavi XV AS Group % 60,000 Norway Cod AS (Skei Marinfisk AS) % 2,000 Other minor companies % 2013 (NOK million) Assets Liabilities costs Company's result of the year Mavi XV AS Group % 60,000 Ranheim Eiendomsutvikling AS % 100 Norway Cod AS (Skei Marinfisk AS) % 2,000 Other minor companies % 5 of 5