Komplett Bank Annual Report 2020

RECONCILIATION OF IMPAIRMENTS OF LOANS TO CUSTOMERS NOK million stage 1 stage 2 stage 3 Total Impairment 01.01.2020 143.7 172.8 493.6 810.1 Q1 2020: Transfer from stage 1 to stage 2 -7.8 7.8 - - Transfer from stage 1 to stage 3 -2.5 - 2.5 - Transfer from stage 2 to stage 3 - -47.1 47.1 - Transfer from stage 3 to stage 2 - 1.5 -1.5 - Transfer from stage 2 to stage 1 25.8 -25.8 - - Transfer from stage 3 to stage 1 1.1 - -1.1 - New financial assets originated 5.6 11.4 - 17.0 Increased expected credit loss 4.5 42.2 72.2 118.9 Assets derecognized -29.8 -5.9 -13.9 -49.6 Decreased expected credit loss -2.7 -1.7 -5.3 -9.7 Exchange rate movements 14.4 14.2 48.2 76.8 Macroeconomic model changes 21.9 28.1 - 50.0 Other changes 0.2 -0.5 -0.6 -1.0 Impairment 31.03.2020 174.4 197.0 641.2 1,012.7 Q2 2020: Transfer from stage 1 to stage 2 -9.4 9.4 - - Transfer from stage 1 to stage 3 -2.9 - 2.9 - Transfer from stage 2 to stage 3 - -55.5 55.5 - Transfer from stage 3 to stage 2 - 0.9 -0.9 - Transfer from stage 2 to stage 1 34.4 -34.4 - - Transfer from stage 3 to stage 1 1.2 - -1.2 - New financial assets originated 4.1 0.3 0.0 4.3 Increased expected credit loss 6.8 72.4 66.1 145.3 Assets derecognized -39.4 -7.6 -15.2 -62.2 Decreased expected credit loss -4.0 -3.1 -9.9 -16.9 Exchange rate movements -4.4 -4.6 -15.9 -24.9 Macroeconomic model changes 7.1 7.1 - 14.2 Other changes -2.3 -3.9 - -6.2 Impairment 30.06.2020 165.6 178.0 722.6 1,066.3 Q3 2020: Transfer from stage 1 to stage 2 -8.3 8.3 - - Transfer from stage 1 to stage 3 -2.6 - 2.6 - Transfer from stage 2 to stage 3 - -45.4 45.4 - Transfer from stage 3 to stage 2 - 1.8 -1.8 - Transfer from stage 2 to stage 1 28.9 -28.9 - - Transfer from stage 3 to stage 1 1.5 - -1.5 - New financial assets originated 9.5 2.0 0.0 11.5 Increased expected credit loss 5.6 66.3 62.2 134.2 Assets derecognized -35.4 -8.5 -37.3 -81.2 Decreased expected credit loss -2.3 -1.6 -1.3 -5.2 Exchange rate movements 1.7 1.7 14.0 17.4 Macroeconomic model changes -5.6 -5.8 - -11.4 Other changes 12.5 7.6 -3.3 16.7 Impairment 30.09.2020 171.3 175.5 801.5 1,148.2 Q4 2020: Transfer from stage 1 to stage 2 -8.2 8.2 - - Transfer from stage 1 to stage 3 -2.2 - 2.2 - Transfer from stage 2 to stage 3 - -50.8 50.8 - Transfer from stage 3 to stage 2 - 1.4 -1.4 - Transfer from stage 2 to stage 1 26.2 -26.2 - - Transfer from stage 3 to stage 1 6.5 - -6.5 - New financial assets originated 15.9 5.4 0.3 21.7 Increased expected credit loss 8.0 64.1 72.8 144.9 Assets derecognized -37.7 -8.9 -41.8 -88.4 Decreased expected credit loss -2.8 -1.3 -2.2 -6.4 Exchange rate movements -3.6 -3.7 -18.0 -25.3 Macroeconomic model changes -7.1 -6.0 - -13.1 Other changes -0.2 -7.6 -28.1 -35.9 Impairment 31.12.2020 166.1 150.0 829.7 1,145.8 Other changes for 2020 relates amongst other to changes in the Bank’s estimate of loss given default and probability of default not covered by other parts of the specifications in the reconciliation. 70 Notes to the financial statements