saxo-bank-annual-report-2015
saxo-bank-annual-report-2015
saxo-bank-annual-report-2015
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NOTES – SAXO BANK A/S<br />
Note (DKK 1,000) <strong>2015</strong> 2014<br />
10 Receivables from credit institutions and central <strong>bank</strong>s<br />
Demand deposits 612,230 1,265,653<br />
Total receivables from credit institutions and central <strong>bank</strong>s 612,230 1,265,653<br />
All receivables are Receivables from credit institutions in <strong>2015</strong> and 2014.<br />
11 Loans and advances at amortised cost<br />
Demand deposits:<br />
Trading clients 12,782 42,007<br />
Lending clients 140 -<br />
Subsidiaries 25,643 33,477<br />
Total loans and advances at amortised cost 38,565 75,484<br />
Loans, advances and guarantees by sector and industry<br />
Finance and insurance 69 % 30 %<br />
Other business 16 % 43 %<br />
Total corporate sector 85 % 73 %<br />
Private clients 15 % 27 %<br />
Total loans and advances at amortised cost 100 % 100 %<br />
12 Impairment allowance for loans, advances and guarantees<br />
Individual impairment allowance for loans, advances and guarantees<br />
Impairment allowance at 1 January 2,432 43,127<br />
Impairment for the year 828 12,014<br />
Reversals of impairment from previous years - (25,390)<br />
Amounts written off - (27,319)<br />
Individual impairment allowance for loans, advances and guarantees, end of period 3,260 2,432<br />
13 Bonds at fair value<br />
Quoted on NASDAQ OMX Nordic 4,099,206 1,084,510<br />
Quoted on other stock exchanges 12,707,560 14,027,257<br />
Total bonds at fair value 16,806,766 15,111,767<br />
124 · SAXO BANK · ANNUAL REPORT <strong>2015</strong>