SYDBANK – INTERIM REPORT – Q1 2020 4/42 Group Financial Highlights Q1 2020 Q1 2019 Index Full year 20/19 2019 Income statement (DKKm) Core income Trading income Total income Costs, core earnings Core earnings before impairment Impairment of loans and advances etc Core earnings Investment portfolio earnings Profit before non-recurring items Non-recurring items, net Profit before tax Tax Profit for the period 960 900 107 3,655 7 96 7 224 967 996 97 3,879 718 719 100 2,783 249 277 90 1,096 84 (14) - (97) 165 291 57 1,193 (78) (14) - (61) 87 277 31 1,132 (17) (17) 100 (51) 70 260 27 1,081 15 55 27 228 55 205 27 853 Balance sheet highlights (DKKbn) Loans and advances at amortised cost Loans and advances at fair value Deposits and other debt Bonds issued at amortised cost Subordinated capital AT1 capital Shareholders’ equity Total assets 60.0 19.6 82.2 7.4 1.9 0.8 11.0 150.2 60.9 6.7 86.3 7.4 1.9 0.8 10.5 145.6 99 60.6 293 12.6 95 84.3 100 7.4 100 1.9 100 0.8 105 11.0 103 147.7 Financial ratios per share (DKK per share of DKK 10) Profit for the period Share price at end of period Book value Share price/book value Average number of shares outstanding (in millions) Dividend per share 0.7 96.1 185.8 0.52 59.2 - 3.2 138.0 172.6 0.80 61.0 - 13.4 139.8 184.9 0.76 60.4 - Other financial ratios and key figures CET1 ratio 19.0 16.9 17.8 T1 capital ratio 20.6 18.5 19.4 Capital ratio 24.3 22.0 22.9 Pre-tax profit as % p.a. of average equity 2.1 9.3 9.7 Post-tax profit as % p.a. of average equity 1.6 7.3 7.5 Costs (core earnings) as % of total income 74.3 72.2 71.7 Return on assets (%) 0.04 0.14 0.59 Interest rate risk 0.6 0.5 1.6 Foreign exchange position 2.3 1.4 1.6 Foreign exchange risk 0.0 0.0 0.0 Liquidity, LCR (%) 196 186 174 Loans and advances relative to deposits 0.6 0.6 0.6 Loans and advances relative to equity 5.5 5.8 5.5 Growth in loans and advances during the period (0.9) (0.2) (0.7) Total large exposures 141 147 143 Accumulated impairment ratio 2.7 3.6 2.7 Impairment ratio for the period 0.10 (0.02) (0.12) Number of full-time staff at end of period 2,004 2,111 95 2,030 When calculating financial ratios AT1 capital is considered a liability regardless of the fact that it is accounted for as equity.
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