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Statement of capital - Danske Bank GroupStatement of capital - Danske Bank Group

 
(DKr m)
Mar. 31,
2008
Jan. 1,
2008
Dec. 31,
2007
Mar. 31,
2007
 Solvency     
Shareholders' equity 101,124104,355104,35593,688
Revaluation of domicile property1,6981,8731,8731,341
Pension obligations at fair value549381381333
Tax effect-174-101-101-92
Minority interests3,0173,0173,0173,010
Shareholders' equity according to the rules of the Danish FSA106,214109,525109,52598,280
Proposed dividends-1,026-5,940-5,940-1,529
Intangible assets of banking business-29,175-29,411-29,411-30,511
Deferred tax assets-388-499-499-364
Deferred tax on intangible assets1,5291,4641,4641,386
Revaluation of real property-1,223-1,602-1,602-988
Core (tier 1) capital, excl. hybrid core capital75,93173,53773,53766,274
Hybrid core capital13,39912,97712,97711,320
Difference between expected losses and impairment charges-838-906--
Statutory deduction for insurance subsidiaries-2,296-2,230-2,230-2,108
Other statutory deductions-19-18-18-18
Core (tier 1) capital86,17783,36084,26675,468
Subordinated debt, excl. hybrid core capital36,23934,71434,71434,598
Hybrid core capital2,2893,4773,4776,061
Revaluation of real property1,2231,6021,602988
Difference between expected losses and impairment charges-838-906--
Statutory deduction for insurance subsidiaries-2,296-2,230-2,230-2,108
Other statutory deductions-19-18-18-18
Capital base122,775119,999121,811114,989
 Risk-weighted assets    
Credit risk, IRB approach499,135562,984  
Credit risk, standardised approach230,279218,400  
Counterparty risk26,60126,769  
Total credit risk756,015808,1531,211,4381,061,665
Market risk71,45172,648101,46875,778
Operational risk76,55173,682  
Total risk-weighted assets904,017954,4831,312,9061,137,443
 Capital requirements    
Pillar I72,32176,359  
Pillar II and transition rules24,45218,170  
Total capital requirements96,77394,529105,03290,995
Core (tier 1) capital ratio, excl. hybrid core capital, %8.47.75.65.6
Core (tier 1) capital ratio, %9.58.76.46.6
Solvency ratio, %13.612.69.310.1
As of 2008, the solvency and core capital ratios are calculated in accordance with the CRD. Solvency for 2007 is calculated in accordance with the rules of the Danish FSA in force at that time (Basel 1).