Komplett Bank annual report 2019

Note 7 Specification of debt NOK million 31.12.2019 31.12.2018 The Bank's other debt consist of Payables to suppliers 39.0 11.3 Remaining other debt: Social secutity tax 5.3 5.9 Other liablilities 105.2 82.8 Total other debt 149.5 100.0 The Bank's subordinated loans consist of "Subordinated loans (ISIN NO0010757768) 3 months NIBOR + 5,0% interest margin" 64.9 64.7 Total subordinated loans 64.9 64.7 The Bank's senior unsecured bond consist of "Senior unsecured bond (ISIN NO0010800972) 3 months NIBOR + 1,55% interest margin" - 399.8 Total senior unsecured bond - 399.8 Reconciliation of subordinated loans Opening balance 64.7 64.6 Amortisation of transaction costs/change NIBOR interest rate recognised against "interest expenses" 0.1 0.1 Closing balance 64.9 64.7 Reconciliation of senior unsecured bond Opening balance 399.8 399.3 Paid unsecured bond - - Amortisation of transaction costs/change NIBOR interest rate recognised against "interest expenses" 400.0 - Closing balance 0.3 0.5 Utgående balanse - 399.8 As at 31 December 2019 and 31 December 2018, the Bank had no unused overdraft facilities or other drawing rights. The Bank’s senior unsecured bond was in its entirety paid back in 2019 in accordance with the term in the bond agreement. The Bank’s subordinated loan has a maturity date of 23 February 2026. All deposits from the Bank’s customers come from private individuals. The Bank’s average (weighted) offered interest rate in 2019 was 1.96% (1.92% for 2018) for Norwegian deposit customers and 0.59% for German deposit customers (0.55% for 2018). The calculation is based on actual interest costs and average deposit balances per month. Interest rates for deposits and loans are variable. As at 31 December 2019, the Bank did not offer fixed-interest deposits to Norwegian customers, but offered one and year fixed rates to German deposit customers. Deposits from German customers was NOK 2,540.4 million as at 31 December 2019 (6.3 million as at 31 December 2018). Komplett Bank Annual Report 2019 83