Komplett Bank annual report 2019

Assumptions used in the calculation: Share price at the time of the grant The share price used equals the listed price at Oslo Børs at the time of the grant. Volatility Historical volatility is used as an indication of future volatility. Expected volatility is therefore using historic volatility equaling a volatility of 35% in 2019 and 46% in 2018. Expiration of the option The option’s expected time until expiration is 5 years. Risk-free rate Risk free rate used in the calculation of the options equals the interest rate on 5 year government bonds equaling 1.28% for 2019 and 1.43% for 2018. Note 15 Liquidity and interest rate risk The Board of Directors has established guidelines that sets the limit for maximum interest rate risk. Monitoring and reporting of liquidity and interest rate risk happens continuously according to provided instructions. Liquidity risk Different maturity for the Bank’s assets and liabilities have the potential to result in a liquidity risk for the Bank. Below is an overview of different time interval as to when the Bank’s assets and liabilities have maturity. LIQUIDITY RISK AS AT 31.12.2019 NOK million < 3 months 3 months < 1 year 1 year < 5 years 5 year < 10 years Without any term Total Assets Loans and deposits with credit institutions - - - - 614.7 614.7 Loans to customers 7.2 18.8 89.5 0.4 8,394.3 8,510.2 Certificates and bonds 250.2 100.1 30.8 89.1 840.8 1,311.0 Other assets without specified maturity term - - - - 180.2 180.2 Total assets 257.4 118.9 120.2 89.5 10,030.0 10,616.1 Liabilities Deposits from and debt to customers - 663.5 422.7 7,450.3 - 8,536.5 Subordinated loans - 4.5 89.6 - - 94.0 Other debt 39.0 147.5 - - - 186.5 Total liabilities 39.0 815.5 512.3 7,450.3 - 8,817.0 Loans to customers, certificates and bonds, fixed rate deposits from and debt to customers and subordinated loans includes expected interests in the liquidity overview above. 94 Notes to the financial statements