Aktia plc: Aktia’s new business segments as of 1 January 2013
Aktia Plc
Stock exchange release
27 March 2013 at 1.35 p.m.
Aktia plc: Aktia’s new business segments as of 1 January 2013
As part of the Action Plan 2015 Aktia has renewed its organizational structure and changed its business segments as of 1 January 2013.
Aktia now has three business segments; Banking business, Asset Management & Life Insurance and Miscellaneous.
The previous segments Asset Management and Life Insurance were combined into one segment, Asset Management & Life Insurance. Further, Private Banking and Institutional Banking were transferred from the segment Asset Management to the segment Banking Business.
The segment Miscellaneous remained unchanged, but the new business segments have had a marginal impact on eliminations.
The comparative figures for 2012 are presented below and attached as an excel file to this stock exchange release.
| Income statement | Segment Banking Business | |||
| (EUR million) | 1.1-31.3 | 1.1-30.6 | 1.1-30.9 | 1.1-31.12 |
| Net interest income | 29.9 | 59.8 | 88.6 | 118.1 |
| Dividends | 0.0 | 0.0 | 0.0 | 0.0 |
| Net commission income | 12.0 | 26.0 | 38.4 | 51.2 |
| Net income from financial transactions | 0.3 | 0.5 | -0.2 | -0.1 |
| Net income from investment properties | 0.0 | 0.0 | 0.0 | 0.0 |
| Other operating income | 0.8 | 1.8 | 2.1 | 2.9 |
| Total operating income | 43.0 | 88.2 | 129.0 | 172.2 |
| Staff costs | -10.0 | -20.5 | -30.0 | -40.2 |
| IT-expenses | -3.7 | -7.7 | -11.2 | -15.0 |
| Depreciation of tangible and intangible assets | -0.5 | -1.1 | -1.5 | -2.0 |
| Other operating expenses | -15.0 | -31.7 | -46.5 | -66.6 |
| Total operating expenses | -29.3 | -60.9 | -89.2 | -123.8 |
| Write-downs on credits and other commitments | -1.9 | -2.8 | -4.6 | -6.4 |
| Operating profit from continuing operations | 11.8 | 24.4 | 35.2 | 42.0 |
| Income statement | Segment Asset Management & Life insurance | |||
| (EUR million) | 1.1-31.3 | 1.1-30.6 | 1.1-30.9 | 1.1-31.12 |
| Net interest income | 0.0 | 0.0 | 0.0 | 0.0 |
| Net commission income | 4.2 | 8.2 | 12.6 | 17.1 |
| Net income from life insurance | 5.9 | 12.8 | 18.0 | 25.7 |
| Net income from financial transactions | 0.0 | 0.0 | 0.0 | 0.0 |
| Other operating income | 0.0 | 0.0 | 0.1 | 0.1 |
| Total operating income | 10.1 | 21.1 | 30.7 | 42.9 |
| Staff costs | -2.6 | -5.1 | -7.7 | -10.2 |
| IT-expenses | -0.4 | -0.8 | -1.2 | -1.6 |
| Depreciation of tangible and intangible assets | -0.3 | -0.6 | -0.9 | -1.4 |
| Other operating expenses | -2.0 | -4.0 | -6.0 | -8.4 |
| Total operating expenses | -5.3 | -10.5 | -15.8 | -21.6 |
| Operating profit from continuing operations | 4.8 | 10.6 | 14.9 | 21.3 |
| Income statement | Segment Miscellaneous | |||
| (EUR million) | 1.1-31.3 | 1.1-30.6 | 1.1-30.9 | 1.1-31.12 |
| Net interest income | -0.4 | -0.6 | -0.9 | -1.1 |
| Dividends | 0.5 | 0.0 | 0.0 | 0.0 |
| Net commission income | 1.3 | 2.3 | 3.9 | 4.8 |
| Net income from financial transactions | 0.0 | 0.0 | 0.0 | 3.1 |
| Net income from investment properties | 0.0 | 0.2 | 0.2 | 0.4 |
| Other operating income | 1.3 | 2.0 | 3.0 | 5.8 |
| Total operating income | 2.8 | 3.9 | 6.2 | 13.1 |
| Staff costs | -5.8 | -11.8 | -17.2 | -24.5 |
| IT-expenses | -2.2 | -4.4 | -6.4 | -15.8 |
| Depreciation of tangible and intangible assets | -1.0 | -1.9 | -2.8 | -3.7 |
| Other operating expenses | 5.0 | 11.3 | 16.8 | 25.5 |
| Total operating expenses | -4.0 | -6.7 | -9.7 | -18.6 |
| Write-downs on other financial assets | - | - | -1.6 | -1.6 |
| Operating profit from continuing operations | -1.3 | -2.8 | -5.1 | -7.1 |
| Income statement | Eliminations | |||
| (EUR million) | 1.1-31.3 | 1.1-30.6 | 1.1-30.9 | 1.1-31.12 |
| Net interest income | 0.1 | 0.1 | 0.2 | 0.2 |
| Dividends | -0.5 | - | 0.0 | - |
| Net commission income | -1.8 | -3.6 | -5.5 | -7.8 |
| Net income from life insurance | 0.3 | 0.7 | 1.0 | 1.6 |
| Net income from financial transactions | - | - | - | 0.0 |
| Net income from investment properties | 0.0 | 0.0 | 0.0 | -0.1 |
| Other operating income | -0.7 | -1.3 | -2.0 | -4.2 |
| Total operating income | -2.6 | -4.2 | -6.4 | -10.2 |
| Staff costs | -0.1 | -0.3 | -0.4 | -0.5 |
| IT-expenses | - | - | - | 1.0 |
| Other operating expenses | 2.1 | 4.2 | 6.9 | 9.2 |
| Total operating expenses | 2.0 | 3.9 | 6.4 | 9.7 |
| Write-downs on other financial assets | - | - | -0.2 | -0.2 |
| Share of profit from associated companies | -0.3 | 0.2 | 0.8 | 0.5 |
| Operating profit from continuing operations | -1.0 | -0.1 | 0.6 | -0.2 |
| Income statement | Total Group | |||
| (EUR million) | 1.1-31.3 | 1.1-30.6 | 1.1-30.9 | 1.1-31.12 |
| Net interest income | 29.6 | 59.3 | 88.0 | 117.3 |
| Dividends | 0.0 | 0.1 | 0.1 | 0.1 |
| Net commission income | 15.7 | 32.9 | 49.4 | 65.3 |
| Net income from life insurance | 6.2 | 13.5 | 19.0 | 27.3 |
| Net income from financial transactions | 0.3 | 0.5 | -0.2 | 2.9 |
| Net income from investment properties | 0.0 | 0.1 | 0.2 | 0.3 |
| Other operating income | 1.4 | 2.6 | 3.2 | 4.7 |
| Total operating income | 53.2 | 109.0 | 159.5 | 217.9 |
| Staff costs | -18.6 | -37.7 | -55.3 | -75.4 |
| IT-expenses | -6.4 | -12.9 | -18.8 | -31.4 |
| Depreciation of tangible and intangible assets | -1.8 | -3.5 | -5.2 | -7.2 |
| Other operating expenses | -9.9 | -20.1 | -28.8 | -40.3 |
| Total operating expenses | -36.7 | -74.2 | -108.2 | -154.2 |
| Write-downs on other financial assets | - | - | -1.8 | -1.8 |
| Write-downs on credits and other commitments | -1.9 | -2.8 | -4.6 | -6.4 |
| Share of profit from associated companies | -0.3 | 0.2 | 0.8 | 0.5 |
| Operating profit from continuing operations | 14.3 | 32.2 | 45.6 | 56.0 |
| Balance sheet | Segment Banking Business | |||
| (EUR million) | 31.3 | 30.6 | 30.9 | 31.12 |
| Cash and balances with central banks | 219.6 | 70.2 | 236.1 | 585.9 |
| Financial assets reported at fair value via the income statement | - | 0.6 | - | - |
| Financial assets available for sale | 2,053.4 | 1,843.1 | 2,026.1 | 1,468.9 |
| Financial assets held until maturity | 19.3 | 15.8 | 10.1 | 350.0 |
| Loans and other receivables | 7,370.4 | 7,820.9 | 7,468.6 | 7,406.6 |
| Other assets | 501.3 | 508.7 | 466.3 | 363.4 |
| Total assets | 10,164.1 | 10,259.3 | 10,207.3 | 10,174.7 |
| Deposits | 4,682.1 | 4,814.9 | 4,771.6 | 4,714.1 |
| Debt securities issued | 3,771.3 | 3,807.3 | 3,745.2 | 3,549.1 |
| Other liabilities | 1,169.1 | 1,105.1 | 1,125.7 | 1,324.2 |
| Total liabilities | 9,622.5 | 9,727.3 | 9,642.6 | 9,587.5 |
| Balance sheet | Segment Asset Management & Life insurance | |||
| (EUR million) | 31.3 | 30.6 | 30.9 | 31.12 |
| Cash and balances with central banks | 11.3 | 16.7 | 14.1 | 15.5 |
| Financial assets reported at fair value via the income statement | 0.7 | 0.6 | 0.5 | 0.1 |
| Financial assets available for sale | 630.8 | 613.3 | 631.0 | 640.8 |
| Loans and other receivables | 5.0 | 7.6 | 9.2 | 7.5 |
| Investments for unit-linked provisions | 318.3 | 316.4 | 338.0 | 360.9 |
| Other assets | 49.7 | 56.1 | 57.2 | 51.7 |
| Total assets | 1,015.8 | 1,010.6 | 1,050.1 | 1,076.4 |
| Technical provision for insurance business | 850.2 | 838.3 | 855.1 | 878.5 |
| Other liabilities | 31.6 | 29.4 | 35.7 | 34.4 |
| Total liabilities | 881.7 | 867.8 | 890.8 | 912.9 |
| Balance sheet | Segment Miscellaneous | |||
| (EUR million) | 31.3 | 30.6 | 30.9 | 31.12 |
| Financial assets available for sale | 0.5 | 0.5 | 7.1 | 5.8 |
| Loans and other receivables | 0.3 | 1.5 | 0.2 | 3.3 |
| Other assets | 410.9 | 414.7 | 409.7 | 423.0 |
| Total assets | 411.7 | 416.6 | 417.0 | 432.0 |
| Deposits | 3.7 | - | 2.8 | 0.0 |
| Other liabilities | 228.6 | 227.8 | 224.9 | 261.4 |
| Total liabilities | 232.4 | 227.8 | 227.7 | 261.4 |
| Balance sheet | Eliminations | |||
| (EUR million) | 31.3 | 30.6 | 30.9 | 31.12 |
| Cash and balances with central banks | -10.5 | -16.1 | -13.6 | -13.7 |
| Financial assets available for sale | -8.2 | -8.2 | -8.9 | -8.8 |
| Loans and other receivables | -60.9 | -60.6 | -58.6 | -57.1 |
| Other assets | -454.4 | -373.3 | -373.1 | -363.3 |
| Total assets | -534.0 | -458.2 | -454.2 | -443.0 |
| Deposits | -19.5 | -25.1 | -25.7 | -25.1 |
| Debt securities issued | -8.2 | -8.2 | -8.9 | -8.8 |
| Other liabilities | -234.7 | -149.1 | -149.9 | -145.0 |
| Total liabilities | -262.4 | -182.3 | -184.5 | -178.9 |
| Balance sheet | Total Group | |||
| (EUR million) | 31.3 | 30.6 | 30.9 | 31.12 |
| Cash and balances with central banks | 220.4 | 70.8 | 236.6 | 587.6 |
| Financial assets reported at fair value via the income statement | 0.7 | 1.3 | 0.5 | 0.1 |
| Financial assets available for sale | 2,676.5 | 2,448.6 | 2,655.4 | 2,106.7 |
| Financial assets held until maturity | 19.3 | 15.8 | 10.1 | 350.0 |
| Loans and other receivables | 7,314.8 | 7,769.3 | 7,419.4 | 7,360.2 |
| Investments for unit-linked provisions | 318.3 | 316.4 | 338.0 | 360.9 |
| Other assets | 507.6 | 606.2 | 560.2 | 474.7 |
| Total assets | 11,057.6 | 11,228.4 | 11,220.3 | 11,240.2 |
| Deposits | 4,666.4 | 4,789.9 | 4,748.7 | 4,689.0 |
| Debt securities issued | 3,763.1 | 3,799.1 | 3,736.3 | 3,540.3 |
| Technical provision for insurance business | 850.2 | 838.3 | 855.1 | 878.5 |
| Other liabilities | 1,194.6 | 1,213.2 | 1,236.4 | 1,475.0 |
| Total liabilities | 10,474.3 | 10,640.5 | 10,576.5 | 10,582.8 |
AKTIA PLC
CFO Fredrik Westerholm, tel. +358 10 247 6505
IR Manager Anna Gabrán, tel. +358 10 247 6501, +358 40 7081807
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 60 branch offices and via Internet and telephone services. Aktia's shares are listed on the list of NASDAQ OMX Helsinki Ltd. For more information about Aktia, see www.aktia.fi.