SYDBANK – INTERIM REPORT – Q1 2021 4/43 Group Financial Highlights Q1 2021 Q1 2020 Index Full year 21/20 2020 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 1,105 960 115 3,670 73 7 - 278 1,178 967 122 3,948 833 718 116 2,774 345 249 139 1,174 (81) 84 - 47 426 165 258 1,127 (21) (78) 27 (31) 405 87 466 1,096 (32) (17) 188 (75) 373 70 533 1,021 82 15 547 222 291 55 529 799 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 61.5 18.2 93.0 9.6 1.9 0.8 11.8 164.8 60.0 19.6 82.2 7.4 1.9 0.8 11.0 150.2 103 60.2 93 18.0 113 95.9 130 9.6 100 1.9 100 0.8 107 11.7 110 165.8 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 4.7 170.9 198.5 0.86 59.3 - 0.7 96.1 185.8 0.52 59.2 - 12.8 134.5 197.6 0.68 60.4 4.00 Other financial ratios and key figures CET1 ratio 18.1 19.0 18.8 T1 capital ratio 19.5 20.6 20.4 Capital ratio 23.0 24.3 24.0 Pre-tax profit as % p.a. of average equity 12.3 2.1 8.6 Post-tax profit as % p.a. of average equity 9.5 1.6 6.6 Costs (core earnings) as % of total income 70.7 74.3 70.3 Return on assets (%) 0.18 0.04 0.51 Interest rate risk 1.2 0.6 1.6 Foreign exchange position 2.0 2.3 1.2 Foreign exchange risk 0.0 0.0 0.0 Liquidity, LCR (%) 211 196 210 Loans and advances relative to deposits 0.6 0.6 0.5 Loans and advances relative to equity 5.2 5.5 5.1 Growth in loans and advances during the period 2.1 (0.9) (0.5) Total large exposures 151 139 149 Accumulated impairment ratio 2.6 2.7 2.7 Impairment ratio for the period (0.10) 0.10 0.10 Number of full-time staff at end of period 2,166 2,004 108 2,286 When calculating financial ratios AT1 capital is considered a liability regardless of the fact that it is accounted for as equity. Reference is made to financial ratio definitions in the 2020 Annual Report (page 118).
Download PDF fil