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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  SpareBank 1 Østlandet    SPOL   NO0010751910

SPAREBANK 1 ØSTLANDET

(SPOL)
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SpareBank 1 Østlandet : SPOL - Classification of distributions of gifts and customer dividends from the ownerless capital under IFRS

02/07/2020 | 01:33am EST
SPOL - Classification of distributions of gifts and customer dividends from the ownerless capital under IFRS
In connection with preparations of the audit of the annual accounts for the financial year 2019, the bank's auditor has expressed an assessment that the current practice for classification of distributions from the ownerless capital (gifts and customer dividends) for savings banks as an 'equity transaction' must be amended to ensure compliance with the requirements under IFRS. The Bank is of the opinion that the financial institutions act's regulation of distributions implies that a change in classification shall not affect the bank's dividend capacity, distribution of profits between ownerless capital and the equity certificate capital or the bank's capital adequacy. The Bank has initiated a process to clarify the question related to classification of distributions from the ownerless capital under IFRS and will update the market with further information once clarified. Enquiries: Geir-Egil Bolstad, CFO, tel: +47 91 88 20 71, e-mail: geir-egil.bolstad@sb1ostlandet.no

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Sparebank 1 Østlandet published this content on 07 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2020 06:32:07 UTC


© Publicnow 2020
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Sales 2020 4 100 M 482 M 482 M
Net income 2020 1 518 M 178 M 178 M
Net Debt 2020 - - -
P/E ratio 2020 11,2x
Yield 2020 4,45%
Capitalization 11 791 M 1 380 M 1 386 M
Capi. / Sales 2020 2,88x
Capi. / Sales 2021 2,80x
Nbr of Employees 1 136
Free-Float 33,7%
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Technical analysis trends SPAREBANK 1 ØSTLANDET
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TrendsBullishBullishBullish
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Mean consensus BUY
Number of Analysts 4
Average target price 102,75 NOK
Last Close Price 101,80 NOK
Spread / Highest target 8,06%
Spread / Average Target 0,93%
Spread / Lowest Target -7,66%
EPS Revisions
Managers and Directors
NameTitle
Richard Herman Heiberg Chief Executive Officer
Siri Jarandsen Strømmevold Chairman
Nina Cecilie Lier Vice Chairman
Guro Nina Vestvik Director
Hans-Christian Gabrielsen Director
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