2012 Eng.Pdf
170th year ANNUAL REPORT 2012 CONTENTS Key figures.................................................................... Page 2 Report of the Board of Directors……………………….. Page 3-14 Corporate governance………………………………….. Page 15-27 Declaration pursuant to Section 5-5 of the Norwegian Page 28 Securities Trading Act.... Income Statement……………………………………….. Page 29 Balance Sheet………………………………………….... Page 30 Changes in equity........................................................ Page 31 Cash Flow Statement.................................................. Page 32 Notes to the accounts................................................. Page 33-119 Donation allocation for 2011 paid out in 2012............ Page 120 Auditor's Report………………………………………… Page 121-122 Report from the Control Committee........................... Page 123 Side 2 Key figures - Group 2012 2011 2010 2009 2008 Average number of outstanding equity certificates 20.731.183 20.731.183 20.731.183 15.606.370 3.778.267 Average equity (NOK mill.) 1.966,5 1.814,5 1.632,2 1.343,4 1.305,4 Average total assets (NOK mill.) 28.693,6 26.502,2 23.515,3 23.556,2 22.885,9 1. Return on equity capital (%) 13,43 8,58 18,70 21,92 -29,56 2. Result - level I (%) 0,92 0,59 1,30 1,25 -1,69 3. Result - level II (%) 1,35 0,86 1,66 1,81 -1,15 4. Net interest income (%) 1,78 1,66 1,78 2,05 1,91 5. Costs/income (before credit losses) (%) 42,84 55,95 41,82 42,04 1.033,91 Costs/income excl. yields on financial investments (%) 48,06 55,77 56,77 55,43 57,06 6. Cost effectiveness - personnel costs (%) 0,56 0,63 0,60 0,75 0,68 7.
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