Komplett Bank annual report 2019

Note 19 Classification of financial instruments Financial instruments (held for trading) at fair value through profit or loss Financial instruments measured at amortised cost NOK million 31.12.2019 31.12.2018 31.12.2019 31.12.2018 Assets Loans and deposits with credit institutions - - 614.7 1,232.4 Other receivables - - 18.8 10.4 Loans to customers - - 8,495.8 7,844.3 Certificates and bonds 1,329.8 436.4 - - Total financial assets 1,329.8 436.4 9,129.2 9,087.0 Liabilities Deposits from and debt to customers - - 8,519.5 7,365.6 Other debt - - 149.5 100.0 Subordinated loans - - 64.9 64.7 Senior unsecured bond - - - 399.8 Total financial liabilities - - 8,733.9 7,930.1 Fair value of financial assets and liabilities assessed at amortised cost Loans and deposits with credit institutions Fair value is estimated as corresponding to amortised cost. Other receivables Fair value is estimated as corresponding to amortised cost. Loans to customers Loans to customers are highly exposed to market competition so that any additional values in the loan balance will not be able to be maintained over time. At the same time, an impairment is recognised for this accounting item if observable events occur that indicate a fall in value. The impairments are based on an assessment of the future cash flow, discounted by the effective rate of interest. The fair value is therefore essentially regarded as corresponding to amortised cost. Deposits from and debt to customers Fair value is estimated as corresponding to amortised cost. Other debt Fair value is estimated as corresponding to amortised cost. Subordinated loans and senior unsecured bond The Bank’s subordinated loans and senior unsecured bond is traded in a market place, but the sale of the instrument takes place relatively infrequently. As compensation for the observable prices, it is assessed that the amortised cost can be used as an approximation of the fair value. 100 Notes to the financial statements