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An interactive tool that presents Resurs Holdings financial data

Reconciliation of Alternative Performance Measures            
SEK thousand Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020
Interest income 739,215 744,652 774,619 799,601 835,380 849,294
Interest expense -88,330 -93,423 -93,237 -97,556 -104,507 -104,299
Net interest income/expenses Insurance 2,711 3,188 3,396 3,373 3,930 4,245
Net interest income/expenses excl. Insurance 648,174 648,041 677,986 698,672 726,943 740,750
           
Total expenses before credit losses -348,813 -353,564 -413,328 -332,466 -361,089 -364,909
whereof total expenses Insurance -26,519 -26,217 -22,597 -23,212 -27,367 -25,997
Total operating income 840,244 850,434 876,401 907,747 931,587 897,176
whereof total income Insurance 63,034 78,000 65,510 67,222 69,261 17,266
C/I before credit losses, % 41.5% 41.6% 47.2% 36.6% 38.8% 40.7%
           
Total expenses before credit losses, excl. Insurance -322,294 -327,347 -390,731 -309,254 -333,722 -338,912
Total operating Income excl. Insurance 777,210 772,434 810,891 840,525 862,326 879,910
Total operating Income excl. Insurance, excl. Nonrecurring costs 777,210 772,434 820,891 840,525 862,326 879,910
C/I before credit losses (excl. Insurance), % 41.5% 42.4% 48.2% 36.8% 38.7% 38.5%
C/I before credit losses, excl. Insurance, excl. nonrecurring costs % 41.5% 42.4% 40.3% 36.8% 38.7% 38.5%
           
Credit losses, net, excl. Insurance -178,743 -195,399 -195,116 -194,980 -201,293 -262,983
Credit losses, net, excl. Insurance, excl. Nonrecurring costs -178,743 -195,399 -195,116 -194,980 -201,293 -188,061
Credit losses yearly, net, excl Insurance -714,972 -781,596 -780,464 -779,920 -805,172 -1,051,932
Credit losses yearly, net, excl Insurance, excl. Nonrecurrin costs -714,972 -781,596 -780,464 -779,920 -805,172 -752,244
Credit loss ratio, excl. Insurance 2.3% 2.5% 2.5% 2.5% 2.6% 3.4%
Credit losses yearly, net, excl Insurance, excl. Nonrecurrin costs % 2.3% 2.5% 2.5% 2.5% 2.6% 2.4%
           
Nonrecurring costs          
Net income/expense from financial transactions     -10,000    
General administrative expenses 1)     -21,815    
Depreciation, amortisation and impairment of intangible and tangible fixed assets 1)     -37,906    
Credit losses, net           -74,922
Total nonrecurring costs     -69,721     -74,922
1) Income tax expense on nonrecurring costs   12,780     16,033
           
Operating profit/loss 312,688 301,471 267,957 380,301 369,205 269,284
Operating profit/loss excl. Nonrecurring costs 312,688 301,471 337,678 380,301 369,205 344,206
             
Net profit for the period 248,273 231,925 200,317 255,904 289,171 208,268
Net profit for the period excl. Nonrecurring costs 248,273 231,925 257,258 255,904 289,171 267,157
           
           
Opening balance Lending to the public 31,591,729 30,858,341 31,187,965 30,853,301 31,147,648 31,344,787
Lending to the public, gross 34,063,608 34,777,057 33,839,801 34,380,846 33,924,536 34,207,703
Provision for expected credit losses -2,915,636 -3,185,328 -2,981,460 -3,192,881 -3,071,235 -3,060,055
Provision for expected credit losses excl. Nonrecurring costs -2,805,714 -3,075,406 -2,871,538 -3,082,959 -2,961,313 -2,950,133
Lending to the public 31,147,972 31,591,729 30,858,341 31,187,965 30,853,301 31,147,648
Average Lending to the public 31,369,851 31,225,035 31,023,153 31,020,633 31,000,475 31,246,218
Average lending to the public excl. Nonrecurring costs 31,479,773 31,334,957 31,133,075 31,130,555 31,110,396.5 31,318,678
           
NBI margin, % 9.9% 9.9% 10.5% 10.8% 11.1% 11.3%
NBI margin, excl. Nonrecurring costs, % 9.9% 9.9% 10.5% 10.8% 11.1% 11.2%
Risk adjusted NBI margin, % 7.6% 7.4% 7.9% 8.3% 8.5% 7.9%
Risk adjusted NBI margin, excl. Nonrecurring costs, % 7.6% 7.4% 8.0% 8.3% 8.5% 8.8%
NIM, % 8.3% 8.3% 8.7% 9.0% 9.4% 9.5%
           
Increase Lending to the public, since the beginning of the year 289,631 733,388 -486,446 -156,822 -491,486 -197,139
Whereof exchange rate differences 354,135 654,077 -1,156,305 -783,294 -767,423 -294,205
Increase Lending to the public, excl. Exchange rate diff. -64,504 79,311 669,859 626,472 275,937 97,066
             
SEK thousand Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020
Equity 7,957,839 8,278,638 7,978,332 7,777,797 7,530,017 7,243,663
Equity excl. Nonrecurring costs 8,101,178 8,421,977 8,121,671 7,864,196 7,616,416 7,330,062
Intangible fixed assets 1,947,434 1,970,949 1,895,394 1,932,242 1,956,081 1,958,993
Intangible fixed assets excl. Nonrecurring costs 1,985,340 2,008,855 1,933,300 1,932,242 1,956,081 1,958,993
Equity excl. Intangible fixed assets 6,010,405 6,307,689 6,082,938 5,845,555 5,573,936 5,284,670
Equity excl. intangible fixed assets and nonrecurring costs 6,115,838 6,413,122 6,188,371 5,931,954 5,660,335 5,371,069
             
Dividend (propsed and foreseeable) 600,098 1,012,000 896,000 796,672 668,720 615,000
Equity excl. Intangible fixed assets excl. Nonrecurring costs, given the Common Equity Tier 1 ratio according to the board's target and deducted dividend from the capital base, %* 4,252,762 4,163,160 4,091,023 4,073,246 4,018,538 4,002,945
Equity excl. intangible fixed assets excl. nonrecurring costs, given the Common Equity Tier 1 ratio according to the board's target and deducted dividend from the capital base, %* 4,358,195 4,268,593 4,186,939 4,159,645 4,104,937 4,059,899
           
           
Average Equity 8,118,239 8,128,485 7,878,065 7,653,907 7,386,840 7,192,454
Average Intangible fixed assets 1,959,192 1,933,172 1,913,818 1,944,162 1,957,537 2,011,199
Average Equity excl. Intangible fixed assets 6,159,047 6,195,314 5,964,247 5,709,746 5,429,303 5,181,256
Average equity excl. intangible fixed assets and nonrecurring costs and shareholder contribution 6,264,480 6,300,747 6,060,163 5,796,144 5,515,702 5,238,210
           
Total Tier 1 capital 4,736,244 4,653,297 4,656,772 4,503,182 4,398,053 4,201,637
Tier 2 capital 5,432,753 5,361,895 5,366,686 5,227,660 5,137,558 4,966,601
Total riskweighted exposure and total capital requirement 31,148,745 31,364,891 30,841,730 30,951,131 30,732,590 30,675,065
Common Equity Tier 1 ratio, % 15.2% 14.8% 15.1% 14.6% 14.3% 13.7%
Adjustment for the Common Equity Tier 1 ratio given the Board's target* 1,154,138 1,046,335 1,109,973 943,802 863,805 674,005
             
             
SEK thousand   31 Mar 2020-
31 Mar 2021
31 Dec 2019-
31 Dec 2020
30 Sep 2019-
30 Sep 2020
30 Jun 2019-
30 Jun 2020
31 Mar 2019-
31 Mar 2020
             
Increase Lending to the public, year on year 294,671 444,081 -486,446 62,623 -491,486 1,965,448
Exchange rate differences -47,118 -197,787 -1,156,305 -1,240,557 -767,423 -594,030
Increase Lending to the public, year on year, excl. Exchange rate differences 341,789 641,868 669,859 1,303,180 275,937 2,559,478
             
             
*During Q4 2018, the financial target for the Common Equity Tier reduced from above 12.5% to above 11.5%.