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2013-11-01 10:00:00 CET 2013-11-01 10:00:05 CET REGLAMENTUOJAMA INFORMACIJA Aktia Pankki Oyj - Company AnnouncementComparative figures for Aktia Groups Interim reports 1 January 2012–30 June 2013 and Financial statements 1 January–31 December 2012Helsinki, Finland, 2013-11-01 10:00 CET (GLOBE NEWSWIRE) -- Aktia Bank plc Stock Exchange Release 1.11.2013 at 11.00 a.m. Comparative figures for Aktia Groups Interim reports 1 January 2012-30 June 2013 and Financial statements 1 January-31 December 2012 The former parent company of the Aktia Group, Aktia plc, merged with its wholly-owned subsidiary Aktia Bank plc on 1 July 2013. Following the merger, Aktia Bank plc has become the parent company of the Group. The merger is part of the Aktia Group's Plan of Action 2015, which aims to simplify the structure of the Group and increase cost-effectiveness within administration, processes and common functions. Effect of the merger on the Group's financial position Because the merger took place within the Group and Aktia plc owned 100% of the shares in Aktia Bank plc, the merger had no direct effect on the results for the Aktia Group. Nor did the merger have any effect on the Aktia Group's balance-sheet total or total equity. The new Group structure, with Aktia Bank plc as the parent company for the Group's insurance operations also, affected the Bank Group's capital adequacy as of 1 July 2013 by -0.9 percentage points and its Tier 1 capital ratio by -0.4 percentage points. Comparative figures for the Group Aktia Bank plc The merger of the Group's former parent company brought no significant changes to the Aktia Group's financial position or operating activities. The comparative figures in this interim report have been compiled so that the financial information for the present Group with Aktia Bank plc as its parent can be compared with the same, completely equivalent financial information that was published in earlier periods when Aktia plc was the parent company for the Group. Starting with Aktia Bank plc's Interim report 1-9/2013 comparative figures will be included according to this principle. The comparative figures will vary from earlier figures reported by Aktia Bank plc, as Aktia Bank plc was not parent company of the Aktia Group earlier. Aktia Bank plc's Interim report 1 January-30 September 2013 will be published on 7 November 2013. The tables below show comparative figures for the Group Aktia Bank plc's income statement, key figures and balance sheet for previous periods. Aktia Bank Group's income statement (EUR million) 1-3/201 1-6/201 1-9/201 1-12/20 1-3/201 1-6/201 2 2 2 12 3 3 Continuing operations Net interest income 29.6 59.3 88.0 117.3 30.1 58.4 Dividends 0.0 0.1 0.1 0.1 0.0 0.1 Commission income 19.6 40.6 60.7 80.8 21.0 44.1 Commission expenses -3.9 -7.6 -11.3 -15.5 -4.1 -8.6 Net commission income 15.7 32.9 49.4 65.3 16.9 35.5 Net income from life 6.2 13.5 19.0 27.3 7.6 13.1 insurance Net income from financial 0.3 0.5 -0.2 2.9 2.2 4.1 transactions Net income from investment 0.0 0.1 0.2 0.3 0.0 0.4 properties Other operating income 1.4 2.6 3.2 4.7 0.8 1.6 Total operating income 53.2 109.0 159.5 217.9 57.5 113.2 Staff costs -18.6 -37.7 -55.3 -75.4 -19.2 -38.0 IT-expenses -6.4 -12.9 -18.8 -31.4 -5.9 -14.0 Depreciation of tangible -1.8 -3.5 -5.2 -7.2 -1.7 -3.4 and intangible assets Other operating expenses -9.9 -20.1 -28.8 -40.3 -10.7 -21.3 Total operating expenses -36.7 -74.2 -108.2 -154.2 -37.5 -76.8 Write-downs on other - - -1.8 -1.8 - - financial assets Write-downs on credits and -1.9 -2.8 -4.6 -6.4 -1.1 -1.5 other commitments Share of profit from -0.3 0.2 0.8 0.5 0.6 -0.3 associated companies Operating profit from 14.3 32.2 45.6 56.0 19.5 34.6 continuing operations Taxes from continuing -4.1 -8.2 -11.7 -15.8 -4.7 -8.8 operations Profit for the period from 10.2 24.0 33.9 40.3 14.8 25.8 continuing operations Discontinued operations Profit for the period from 9.3 9.8 9.8 9.8 - - discontinued operations Profit for the period 19.6 33.8 43.7 50.0 14.8 25.8 Attributable to: Shareholders in Aktia Bank 19.3 33.3 43.1 49.2 14.8 25.6 plc Non-controlling interest 0.3 0.5 0.6 0.8 0.0 0.2 Total 19.6 33.8 43.7 50.0 14.8 25.8 Aktia Bank Group's statement of comprehensive income (EUR million) 1-3/201 1-6/201 1-9/201 1-12/20 1-3/201 1-6/201 2 2 2 12 3 3 Continuing operations Profit for the period from 10.2 24.0 33.9 40.3 14.8 25.8 continuing operations Other comprehensive income after taxes: Change in valuation of 41.9 47.5 95.4 94.6 -3.3 -21.7 fair value for financial assets available for sale Change in valuation of - - 0.0 0.2 0.8 1.5 fair value for financial assets held until maturity Change in valuation of -3.0 -4.3 -6.5 -3.3 -2.9 -5.9 fair value for cash flow hedging Transferred to the income 5.3 5.2 5.2 16.1 -1.5 -3.6 statement for financial assets available for sale Transferred to the income - - - -5.8 - - statement for cash flow hedging Comprehensive income from 44.3 48.5 94.1 101.8 -7.0 -29.7 items which can be transferred to the income statement Defined benefit plan - - - -0.6 - - pensions Comprehensive income from - - - -0.6 - - items which can not be transferred to the income statement Total comprehensive income 54.5 72.5 128.0 141.5 7.7 -3.9 for the period from continuing operations Discontinued operations Profit for the period from 9.3 9.8 9.8 9.8 - - discontinued operations Other comprehensive income after taxes: Change in valuation of 1.8 1.8 1.8 1.8 - - fair value for financial assets available for sale Transferred to the income -6.3 -6.3 -6.3 -6.3 - - statement for financial assets available for sale Comprehensive income from -4.5 -4.5 -4.5 -4.5 - - items which can be transferred to the income statement Total comprehensive income 4.9 5.3 5.3 5.3 - - for the period from discontinued operations Total comprehensive income 59.4 77.8 133.3 146.8 7.7 -3.9 for the period Total comprehensive income attributable to: Shareholders in Aktia Bank 58.8 77.5 132.1 145.6 7.4 -4.7 plc Non-controlling interest 0.5 0.4 1.2 1.2 0.3 0.8 Total 59.4 77.8 133.3 146.8 7.7 -3.9 Key figures (EUR million) 1-3/201 1-6/201 1-9/201 1-12/20 1-3/201 1-6/201 2 2 2 12 3 3 Earnings per share (EPS), 0.15 0.35 0.50 0.59 0.22 0.38 continuing operations, EUR Earnings per share (EPS), 0.14 0.15 0.15 0.15 - - discontinued operations, EUR Earnings per share (EPS), 0.29 0.50 0.65 0.74 0.22 0.38 EUR Equity per share (NAV), 7.89 7.88 8.70 8.91 9.02 8.34 EUR 1) Return on equity (ROE), % 14.1 12.2 10.0 8.5 8.9 8.1 Total earnings per share, 0.88 1.16 1.99 2.19 0.11 -0,07 EUR Capital adequacy ratio 184.9 190.5 203.4 205.1 203.5 202.9 (finance and insurance conglomerate), % 1) Average number of shares, 66.5 66.5 66.5 66.5 66.5 66.6 million 2) Number of shares at the 66.5 66.5 66.5 66.5 66.6 66.6 end of the period, million 1) Personnel (FTEs), average 1,148 1,089 1,056 1,044 1,013 1,010 number of employees from the beginning of the year 1) Group financial assets 2,813.8 2,443.3 2.817,0 2.955.0 2,814.9 3,379.7 1) *) Banking Business (incl. Private Banking) Cost-to-Income ratio 0.68 0.69 0.69 0.74 0.67 0.68 Borrowing from the public 3,689.4 3,714.4 3,651.4 3,631.5 3,631.8 3,807.2 1) Lending to the public 1) 7,183.8 7,217.8 7,251.6 7,201.6 7,132.6 6,984.9 Capital adequacy ratio, % 18.1 18.9 19.9 20.2 20.0 20.3 1) Tier 1 capital ratio, % 11.3 11.7 11.8 11.8 11.7 12.1 1) Risk-weighted commitments 3,767.3 3,742.0 3,727.9 3,611.2 3,683.7 3,625.3 1) Asset Management & Life Insurance Assets under management 5,409.8 5,256.9 5,569.0 5,877.4 6,214.0 5,901.7 1) **) Premiums written before 30.0 49.7 71.6 111.2 46.1 83.5 reinsurers' share Expense ratio, % 2) 93.4 94.4 93.1 90.8 95.6 95.0 Solvency margin 1) 131.6 141.1 160.5 158.6 157.3 147.5 Solvency ratio, % 2) 22.8 24.7 27.9 27.4 27.2 25.3 Investments at fair value 960.6 950.3 987.9 1,020.7 1,034.2 1,050.1 1) Technical provisions for 532.3 523.2 517.5 519.9 517.0 512.2 interest-related insurances 1) Technical provisions for 317.8 315.1 337.7 358.5 400.5 410.3 unit-linked insurances 1) 1) At the end of the period 2) Cumulative from the beginning of the year *) Group financial assets = the Bank Group's liquidity portfolio and the life insurance company's investment portfolio **) Assets under management = Aktia Fund Management Company's assets under management and brokered mutual funds and assets managed by Aktia Invest, Aktia Asset Management, Aktia Bank's Private Banking and Aktia Life Insurance Formulas for key figures are presented in Aktia plc's annual report 2012 page 18. Aktia Bank Group's balance sheet (EUR million) 31.3.2012 30.6.2012 30.9.2012 31.12.2012 31.3.2013 30.6.2013 Assets Cash and 220.4 70.8 236.6 587.6 295.1 448.5 balances with central banks Financial 0.7 1.3 0.5 0.1 0.0 0.0 assets reported at fair value via the income statement Interest-bear 2,588.7 2,360.0 2,558.3 2,011.7 2,158.2 2,549.3 ing securities Shares and 87.8 88.6 97.1 95.0 98.8 98.3 participatio ns Financial 2,676.5 2,448.6 2,655.4 2,106.7 2,257.0 2,647.6 assets available for sale Financial 19.3 15.8 10.1 350.0 362.5 355.7 assets held until maturity Derivative 309.3 350.1 395.7 302.2 270.8 210.5 instruments Lending to 131.0 551.5 167.8 158.7 129.0 109.6 Bank of Finland and credit institutions Lending to 7,183.8 7,217.8 7,251.6 7 201.6 7,132.6 6,984.9 the public and public sector entities Loans and 7,314.8 7,769.3 7,419.4 7 360.2 7,261.6 7,094.5 other receivables Investments 318.3 316.4 338.0 360.9 401.1 412.7 for unit-linked provisions Investments 20.4 21.3 21.1 21.1 21.2 18.4 in associated companies Intangible 14.0 14.5 14.3 14.2 14.5 15.0 assets Investment 18.6 28.3 27.8 28.3 28.3 51.0 properties Other 6.7 6.5 6.0 5.7 5.4 5.3 tangible assets Accrued 85.4 74.0 81.2 75.0 70.8 70.5 income and advance payments Other assets 45.4 104.3 7.5 3.3 124.9 4.4 Total other 130.8 178.3 88.7 78.3 195.7 74.9 assets Income tax 3.4 4.0 3.8 0.1 0.9 2.0 receivables Deferred tax 2.2 1.2 0.9 23.5 22.3 21.8 receivables Tax 5.6 5.1 4.6 23.6 23.1 23.8 receivables Assets 2.2 2.1 2.0 1.5 1.4 1.2 classified as held for sale Total assets 11,057,6 11,228.4 11,220.3 11, 240.2 11,137.7 11,359.2 Liabilities Liabilities 977.0 1,075.5 1,097,3 1,057.6 983.5 1,051.5 to credit institutions Liabilities 3 689.4 3,714.4 3,651,4 3,631.5 3,631.8 3,807.2 to the public and public sector entities Deposits 4 666.4 4,789.9 4,748,7 4,689.0 4,615.2 4,858.7 Derivatinstru 157.6 174.3 188,0 186.4 161.6 145.4 ment Debt 3 889.0 3,930.5 3,871,3 3,878.9 3,888.1 4,065.9 securities issued Subordinated 251.6 263.6 265,4 268.2 274.2 269.7 liabilities Other 360.2 311.3 260,1 290.9 250.8 141.5 liabilities to credit institutions Other 65.1 108.1 162,8 146.7 128.7 51.1 liabilities to the public and public sector entities Other 4 565.9 4,613.5 4,559,5 4,584.7 4,541.8 4,528.2 financial liabilities Technical 532.3 523.2 517,5 519.9 517.0 512.2 provisions for interest-rel ated insurances Technical 317.8 315.1 337,7 358.5 400.5 410.3 provisions for unit-linked insurances Technical 850.2 838.3 855.1 878.5 917.4 922.5 provisions Accrued 118.9 98.0 100.6 93.1 100.5 73.2 expenses and income received in advance Other 66.2 77.5 59.2 55.2 39.8 142.7 liabilities Total other 185.1 175.5 159.9 148.3 140.4 215.8 liabilities Provisions - - - 6.9 6.9 6.9 Income tax 3.4 1.5 2.7 23.3 24.1 1.0 liabilities Deferred tax 45.6 47.3 62.4 65.5 64.8 60.5 liabilities Tax 49.0 48.8 65.1 88.8 88.9 61.5 liabilities Liabilities 0.2 0.2 0.2 0.2 0.2 0.2 for assets classified as held for sale Total 10,474.3 10,640.5 10,576.5 10,582.8 10,472.4 10,739.1 liabilities Equity Restricted 162.8 167,4 212.3 220.2 212.9 190.0 equity Unrestricted 362.2 356,5 366.6 372.4 387.4 365.1 equity Shareholders' 525.0 523,9 578.9 592.6 600.2 555.1 share of equity Non-controlli 58.3 64,0 64.8 64.8 65.1 64.9 ng interest's share of equity Equity 583.3 587,8 643.7 657.4 665.4 620.0 Total 11,057.6 11,228,4 11,220.3 11,240.2 11,137.7 11,359.2 liabilities and equity AKTIA BANK PLC CFO Fredrik Westerholm, tel. +358 10 247 6505 IR Anna Gabrán, tel. +358 10 247 6501, ir@aktia.fi Distribution: Nasdaq OMX Helsinki, mass media, www.aktia.fi Aktia Group provides a broad range of products within banking, insurance and real estate agency. Aktia operates in Finland's coastal areas and inland growth areas. Aktia has some 300,000 customers who are served by 1,000 employees at branch offices and via Internet and telephone services. Aktia's shares are listed on NASDAQ OMX Helsinki Ltd. For more information about Aktia, see www.aktia.fi. |
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