Nordnet's interim report presentation for the period January -September 2013.
Some events during Q3:
- Highest savings capital ever, SEK 127 billion
- Profit more than doubled for the three-month period
- Digital sign up – become a customer simple and quick with mobile bank-ID
2. financial overview
July – September 2013
•
Operating income increased by 14 percent to SEK 243.2 million (212.5)
•
Profit after tax increased by 164 percent to SEK 58.1 million (22.0)
•
EPS before dilution were up by 164 percent to SEK 0.33 (0.13)
January – September 2013
•
Operating income increased by 2 percent to SEK 725.5 million (710.7)
•
Profit after tax increased by 25 percent to SEK 170.1 million (135.9)
•
EPS before dilution were up by 25 percent to SEK 0.97 (0.78)
2
3. events Q3
•
Highest savings capital ever, SEK 127 billion
•
Profit more than doubled for the three-month period
•
Digital sign up – become a customer simple and quick with mobile bank-ID
3
11. 11
income statement (SEK million)
3 months
3 months
9 months
9 months
12M rolling
12 months
Jul-Sep 2013
Jul-Sep 2012
Jan-Sep 2013
Jan-Sep 2012
Oct-Sep 2013
Jan-Dec 2012
Net interest income
119.9
125.5
358.3
395.1
483.8
520.6
Net commission income
100.4
79.2
292.7
266.9
370.0
344.2
22.9
7.9
74.5
48.8
99.3
73.6
243.2
212.5
725.5
710.7
953.2
938.4
-136.8
-144.6
-405.8
-421.5
-546.6
-562.3
-17.1
-15.7
-49.5
-47.1
-65.6
-63.2
-9.0
-9.4
-29.4
-31.1
-39.4
-41.1
Total operating expenses
-162.8
-169.7
-484.7
-499.7
-651.5
-666.5
Profit before credit losses
80.4
42.8
240.7
211.0
301.6
271.9
Net credit losses
-8.3
-9.7
-30.3
-32.5
-42.5
-44.7
Operating profit
72.1
33.0
210.4
178.5
259.1
227.2
-14.1
-11.0
-40.3
-42.6
-36.0
-38.3
Profit for the period
58.1
22.0
170.1
135.9
223.1
188.9
Earnings per share before dilution
0.33
0.13
0.97
0.78
1.27
1.08
Consolidated Income Statement (SEK million)
Other income
Total operating income
General administrativ e expenses
Depeciation and amortization
Other operating expenses
Tax on profit for the period
12. 12
balance sheet (SEK million)
Consolidated Statement of Financial Position (SEK million)
30/09/2013
30/09/2012
31/12/2012
Loans to credit institutions
1,004.6
861.2
1465.0
Loans to the public
5,509.3
5,046.4
4737.3
Financial assets
Financial assets - policy holders bearing the risk
Tangible and intangible assets
Current tax assets
8,340.2
6,647.9
5388.0
23,130.5
18,954.3
18961.7
489.9
515.1
507.1
102.8
4.9
7.2
1,005.1
144.9
213.9
122.9
128.0
111.8
Total assets
39,705.3
32,302.7
31,391.9
Deposits and borrowing by the public
12,263.3
10,484.7
10,487.7
Liabilities to policyholders
18,962.3
Other assets
Prepaid expenses and accrued income
23,131.2
18,955.0
Other liabilities
2,754.9
1,402.5
427.9
Shareholders' equity
1,551.0
1,460.5
1514.0
Non-controlling interest
Total equtity
Total liabilities and equity
5.0
-
-
1,555.9
1,460.5
1514.0
39,705.3
32,302.7
31391.9
13. 13
capital coverage (SEK million)
Capital requirements for the financial conglomerate (SEK million)
Total equity, Group
Less, profit that hav e not been subject to audit
Plus subordinated liablities
Less assumed div idend for current year
Less intangible fixed assets and deferred tax receiv ables
Capital base
30/09/2013
30/09/2012
31/12/2012
1,555.9
1,460.5
1,514.0
0.0
-
-
175.7
175.7
175.7
-102.1
-54.4
-122.5
-456.7
-482.6
-475.3
1,172.9
1,099.3
1,091.9
561.8
503.0
444.2
0.7
0.8
0.8
Capital requirement for regulated units within the banking
and securities sector
Theoretical solv ency requirement for non-regulated units in
the largest financial sector
Capital requirement for regulated units within the insurance
sector
31.9
30.6
32.2
Capital requirement
594.4
534.4
477.2
Capital surplus
578.5
564.9
614.7
1.97
2.06
2.29
Capital coverage ratio
14. looking ahead
•
Active cost management and a scalable operating model
•
Focus on innovation and social investing
•
Analytics
14