Five-year summary ........................................................O Profit and Loss accounts SEKm 2007 2006 2005 20041) 20032) Net interest income 11,603 4,711 4,885 5,047 5,790 Net commission income 7,124 7,163 5,081 4,813 4,216 Net result of financial transactions 2,490 3,515 2,558 1,778 1,570 Other income 4,583 3,515 2,884 2,235 2,234 Total operating income 25,800 18,904 15,408 13,873 13,810 Administrative expenses –12,589 –13,073 –10,854 –9,791 –9,271 Depreciation and write-downs –4,847 –399 –336 –310 –340 Total operating costs –17,436 –13,472 –11,190 –10,101 –9,611 Profit before credit losses 8,364 5,432 4,218 3,772 4,199 Lending losses and changes in value –24 –134 –88 –42 –121 Write-downs of financial fixed assets –106 –100 –220 –392 –416 Operating profit 8,234 5,198 3,910 3,338 3,662 Appropriations including pension compensation –158 –345 –1,058 3,654 –943 Taxes –591 –691 –293 –1,978 –435 Net profit for the year 7,485 4,162 2,559 5,014 2,284 1) Restated to IFRS except for IAS 32 and IAS 39. 2) Not prepared under IFRS. Full IFRS compliance would require revaluations of assets and liabilities. Balance sheets SEKm 2007 2006 2005 20041) 20032) Loans to credit institutions 357,482 361,615 331,451 290,448 228,077 Loans to the public 637,138 336,562 291,861 251,857 219,643 Financial assets 511,800 434,596 473,073 350,434 293,796 Other assets 52,899 39,276 35,438 53,466 32,390 Total assets 1,559,319 1,172,049 1,131,823 946,205 773,906 Deposits by credit institutions 367,699 334,116 345,510 290,247 197,619 Deposits and borrowing from the public 412,499 390,085 324,719 310,145 302,822 Financial liabilities 642,132 315,765 349,550 225,590 131,726 Other liabilities 34,995 41,481 26,756 51,774 79,421 Subordinated liabilities 43,046 42,700 43,049 29,296 21,567 Shareholders’ equity and untaxed reserves 58,948 47,902 42,239 39,153 40,751 Total liabilities, provisions and shareholders’ equity 1,559,319 1,172,049 1,131,823 946,205 773,906 1) Restated to IFRS except for IAS 32 and IAS 39. 2) Not prepared under IFRS, only major groups of assets and liabilities have been reclassified in line with 2006. Full IFRS compliance would require revaluations of assets and liabilities and further reclassifications. 122 SEB ANNUAL REPORT 2007
