SYDBANK – INTERIM REPORT – Q1 2023 3/45 Contents Group Financial Highlights .4 Highlights . 5 Financial Review – Performance in Q1 2023.8 Income Statement .16 Statement of Comprehensive Income .16 Balance Sheet.17 Financial Highlights – Quarterly .18 Statement of Changes in Equity .19 Capital Statement .20 Cash Flow Statement .21 Segment Reporting etc .22 Notes .24 Management Statement.44 Supplementary Information .45
SYDBANK – INTERIM REPORT – Q1 2023 4/45 Group Financial Highlights Q1 2023 Q1 2022 Index 23/22 Full year 2022 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 1,635 117 1,752 797 955 (10) 965 29 994 (14) 980 246 734 1,200 100 1,300 799 501 (61) 562 (29) 533 37 570 125 445 136 5,194 117 284 135 5,478 100 3,040 191 2,438 - (99) 172 2,537 - (141) 186 2,396 - 9 172 2,405 197 504 165 1,901 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 75.1 9.9 101.5 13.2 1.1 0.7 13.0 174.5 71.6 21.2 93.1 9.6 1.1 0.7 12.2 163.1 105 73.9 47 10.4 109 107.5 138 13.2 100 1.1 100 0.8 107 13.2 107 179.3 Financial ratios per share (DKK per share of DKK 10) EPS Share price at end of period Book value Share price/book value Average number of shares outstanding (in millions) Dividend per share 12.8 308.8 229.4 1.35 56.5 - 7.4 230.8 208.7 1.11 58.4 - 32.2 292.6 233.4 1.25 57.5 16.77 Other financial ratios and key figures CET1 ratio 18.2 16.5 T1 capital ratio 19.4 17.8 Capital ratio 20.5 19.1 Pre-tax profit as % p.a. of average equity 29.6 18.1 Post-tax profit as % p.a. of average equity 22.1 14.1 Costs (core earnings) as % of total income 45.5 61.5 Return on assets (%) 0.42 0.27 Interest rate risk 0.6 1.2 Foreign exchange position 5.4 1.6 Foreign exchange risk 0.0 0.0 Liquidity, LCR (%) 195 171 Loans and advances relative to deposits 0.6 0.6 Loans and advances relative to equity 5.8 5.9 Growth in loans and advances during the period 1.6 6.8 Total large exposures 144 150 Accumulated impairment ratio 2.1 2.1 Impairment ratio for the period (0.01) (0.06) Number of full-time staff at end of period 2,062 2,059 100 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 2022 Annual Report (page 127). 17.3 18.6 19.6 18.9 14.8 55.5 1.09 1.3 1.8 0.0 200 0.6 5.6 10.3 147 2.1 (0.1) 2,034