Segment reporting - Danske Bank Group

View an illustration and verbal explanation of the connection between the financial highlights and the income statement.

Business segments, Q1 2008 (DKr m)	Banking activities	Danske Markets	Danske Capital	Danica Pension	Other areas	Total	Reclassi- fication	Highlights
Interest income	25,144	24,220	460	1,948	-15,082	36,690
Interest expense	18,932	22,789	402	497	-15,100	27,520
Net interest income	6,212	1,431	58	1,451	18	9,170	-2,934	6,236
Net fee income	1,812	78	405	-171	-4	2,120	93	2,213
Net trading income	378	-586	14	-2,095	2	-2,287	3,645	1,358
Other income	624	1	-	293	366	1,284	-247	1,037
Net premiums	-	-	-	4,757	-	4,757	-4,757	-
Net insurance benefits	-	-	-	4,541	-	4,541	-4,541	-
Income from equity investments	-	-12	-7	9	54	44	-44	-
Net income from insurance business	-	-	-	-	-	-	-565	-565
Total income	9,026	912	470	-297	436	10,547	-268	10,279
Operating expenses	5,409	741	238	268	-65	6,591	-268	6,323
Credit loss expenses	540	-	2	-	-	542	-	542
Profit before tax	3,077	171	230	-565	501	3,414	-	3,414

Loans and advances, excl. reverse transactions	1,667,738	51,393	27,672	-	-26,431	1,720,372	-	1,720,372
Other assets	432,090	3,592,334	17,096	233,232	-2,551,719	1,723,033	-	1,723,033
Total assets	2,099,828	3,643,727	44,768	233,232	-2,578,150	3,443,405	-	3,443,405
Deposits, excl. repo deposits	615,395	228,510	11,211	-	16,028	871,144	-	871,144
Other liabilities	1,415,224	3,413,076	32,776	228,090	-2,618,029	2,471,137	-	2,471,137
Allocated capital	69,209	2,141	781	5,142	23,851	101,124	-	101,124
Total liabilities and equity	2,099,828	3,643,727	44,768	233,232	-2,578,150	3,443,405	-	3,443,405

Internal income	2,418	5,256	223	528	-8,425	-	-	-
Pre-tax profit as % p.a. of allocated capital (avg.)	17.8	31.9	117.9	-44.0	-	13.5	-	13.5
Cost/income ratio, %	59.9	81.3	50.6	-90.2	-	62.5	-	61.5
Full-time-equivalent staff (avg.)	14,362	900	546	951	6,976	23,735	-	23,735
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Business segments, Q1 2007 (DKr m)	Banking activities	Danske Markets	Danske Capital	Danica Pension	Other areas	Total	Reclassi- fication	Highlights
Interest income	20,851	18,735	323	1,587	-11,940	29,556
Interest expense	15,137	18,388	279	90	-11,978	21,916
Net interest income	5,714	347	44	1,497	38	7,640	-1,910	5,730
Net fee income	1,848	89	393	-186	-6	2,138	97	2,235
Net trading income	334	1,117	21	533	-187	1,818	16	1,834
Other income	615	4	1	566	253	1,439	-566	873
Net premiums	-	-	-	4,255	-	4,255	-4,255	-
Net insurance benefits	-	-	-	6,147	-	6,147	-6,147	-
Income from equity investments	1	43	-2	12	5	59	-59	-
Net income from insurance business	-	-	-	-	-	-	311	311
Total income	8,512	1,600	457	530	103	11,202	-219	10,983
Operating expenses	4,876	674	204	219	113	6,086	-219	5,867
Credit loss expenses	-182	5	-	-	-1	-178	-	-178
Profit before tax	3,818	921	253	311	-9	5,294	-	5,294

Loans and advances, excl. reverse transactions	1,489,818	34,389	23,900	-	-7,598	1,540,509		1,540,509
Other assets	330,452	3,030,597	14,137	234,893	-2,199,441	1,410,638		1,410,638
Total assets	1,820,270	3,064,986	38,037	234,893	-2,207,039	2,951,147		2,951,147
Deposits, excl. repo deposits	558,517	113,017	8,307	-	166	680,007		680,007
Other liabilities	1,201,179	2,948,407	29,043	229,961	-2,231,138	2,177,452		2,177,452
Allocated capital	60,574	3,562	687	4,932	23,933	93,688		93,688
Total liabilities and equity	1,820,270	3,064,986	38,037	234,893	-2,207,039	2,951,147		2,951,147

Internal income	3,240	5,964	227	449	-9,880	-		-
Pre-tax profit as % p.a. of allocated capital (avg.)	25.2	103.4	147.4	25.2	-	22.6		22.6
Cost/income ratio, %	57.3	42.1	44.6	41.3	-	54.3		53.4
Full-time-equivalent staff (avg.)	13,806	820	477	904	6,184	22,191		22,191
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