Komplett Bank Annual Report 2020

RECONCILIATION OF IMPAIRMENTS OF CONSUMER LOANS TO CUSTOMERS NORWAY NOK million stage 1 stage 2 stage 3 Total Impairment 01.01.2020 45.0 72.4 168.9 286.3 Q1 2020: Transfer from stage 1 to stage 2 -2.2 2.2 - - Transfer from stage 1 to stage 3 -0.2 - 0.2 - Transfer from stage 2 to stage 3 - -14.0 14.0 - Transfer from stage 3 to stage 2 - 0.3 -0.3 - Transfer from stage 2 to stage 1 10.9 -10.9 - - Transfer from stage 3 to stage 1 0.5 - -0.5 - New financial assets originated 0.2 10.3 - 10.5 Increased expected credit loss 1.9 -0.9 24.4 25.4 Assets derecognized -11.7 -2.2 -3.2 -17.1 Decreased expected credit loss -1.0 -0.8 -4.3 -6.0 Exchange rate movements - - - - Macroeconomic model changes 11.5 15.6 - 27.1 Other changes -0.7 1.9 -0.6 0.6 Impairment 31.03.2020 54.1 74.0 198.7 326.8 Q2 2020: Transfer from stage 1 to stage 2 -2.4 2.4 - - Transfer from stage 1 to stage 3 -0.2 - 0.2 - Transfer from stage 2 to stage 3 - -15.9 15.9 - Transfer from stage 3 to stage 2 - 0.1 -0.1 - Transfer from stage 2 to stage 1 17.9 -17.9 - - Transfer from stage 3 to stage 1 0.6 - -0.6 - New financial assets originated 0.2 0.1 - 0.3 Increased expected credit loss 2.0 21.2 22.9 46.1 Assets derecognized -20.0 -3.1 -3.4 -26.5 Decreased expected credit loss -2.2 -2.0 -7.7 -11.8 Exchange rate movements - - - - Macroeconomic model changes 0.3 0.5 - 0.8 Other changes -6.1 -2.8 - -8.9 Impairment 30.06.2020 44.2 56.7 225.8 326.8 Q3 2020: Transfer from stage 1 to stage 2 -2.0 2.0 - - Transfer from stage 1 to stage 3 -0.1 - 0.1 - Transfer from stage 2 to stage 3 - -10.7 10.7 - Transfer from stage 3 to stage 2 - 0.1 -0.1 - Transfer from stage 2 to stage 1 11.7 -11.7 - - Transfer from stage 3 to stage 1 0.9 - -0.9 - New financial assets originated 0.6 0.1 - 0.7 Increased expected credit loss 1.2 20.0 29.2 50.3 Assets derecognized -14.7 -3.6 -16.6 -34.9 Decreased expected credit loss -0.2 -0.3 -0.2 -0.8 Exchange rate movements - - - - Macroeconomic model changes -0.7 -0.9 - -1.6 Other changes -0.1 -0.7 -29.0 -29.8 Impairment 30.09.2020 40.9 51.0 218.8 310.7 Q4 2020: Transfer from stage 1 to stage 2 -1.6 1.6 - - Transfer from stage 1 to stage 3 -0.2 - 0.2 - Transfer from stage 2 to stage 3 - -11.4 11.4 - Transfer from stage 3 to stage 2 - 0.4 -0.4 - Transfer from stage 2 to stage 1 10.6 -10.6 - - Transfer from stage 3 to stage 1 5.9 - -5.9 - New financial assets originated 1.0 0.2 -0.0 1.2 Increased expected credit loss 2.6 16.7 32.1 51.3 Assets derecognized -18.5 -3.8 -26.5 -48.8 Decreased expected credit loss -0.2 -0.3 -0.4 -1.0 Exchange rate movements - - - Macroeconomic model changes -0.9 -1.1 - -2.0 Other changes 1.6 0.7 18.4 20.7 Impairment 31.12.2020 41.0 43.5 247.7 332.2 72 Notes to the financial statements