Komplett Bank Annual Report 2020

RECONCILIATION OF IMPAIRMENTS OF CONSUMER LOANS TO CUSTOMERS FINLAND NOK million stage 1 stage 2 stage 3 Total Impairment 01.01.2020 58.9 62.8 197.4 319.1 Q1 2020: Transfer from stage 1 to stage 2 -3.1 3.1 - - Transfer from stage 1 to stage 3 -0.6 - 0.6 - Transfer from stage 2 to stage 3 - -20.7 20.7 - Transfer from stage 3 to stage 2 - 0.6 -0.6 - Transfer from stage 2 to stage 1 7.5 -7.5 - - Transfer from stage 3 to stage 1 - - - - New financial assets originated 3.6 0.5 - 4.1 Increased expected credit loss 0.9 25.5 23.3 49.8 Assets derecognized -8.6 -1.9 -4.3 -14.8 Decreased expected credit loss -1.0 -0.3 -0.2 -1.5 Exchange rate movements 11.5 11.9 39.5 63.0 Macroeconomic model changes 10.9 11.3 - 22.2 Other changes 0.4 -2.0 - -1.6 Impairment 31.03.2020 80.4 83.5 276.4 440.3 Q2 2020: Transfer from stage 1 to stage 2 -4.7 4.7 - - Transfer from stage 1 to stage 3 -0.7 - 0.7 - Transfer from stage 2 to stage 3 - -28.7 28.7 - Transfer from stage 3 to stage 2 - 0.2 -0.2 - Transfer from stage 2 to stage 1 7.6 -7.6 - - Transfer from stage 3 to stage 1 0.2 - -0.2 - New financial assets originated 2.1 0.1 - 2.1 Increased expected credit loss 1.3 35.3 23.2 59.7 Assets derecognized -8.8 -2.5 -5.2 -16.5 Decreased expected credit loss -1.1 -0.3 -0.7 -2.1 Exchange rate movements -4.3 -4.6 -15.8 -24.8 Macroeconomic model changes 4.9 5.2 - 10.1 Other changes 2.5 -1.1 - 1.3 Impairment 30.06.2020 79.3 84.1 306.8 470.2 Q3 2020: Transfer from stage 1 to stage 2 -3.9 3.9 - - Transfer from stage 1 to stage 3 -0.6 - 0.6 - Transfer from stage 2 to stage 3 - -23.7 23.7 - Transfer from stage 3 to stage 2 - 0.5 -0.5 - Transfer from stage 2 to stage 1 8.9 -8.9 - - Transfer from stage 3 to stage 1 - - - - New financial assets originated 2.7 0.2 - 3.0 Increased expected credit loss 0.3 29.9 15.3 45.5 Assets derecognized -9.9 -2.9 -7.3 -20.1 Decreased expected credit loss -1.3 -0.7 -0.2 -2.1 Exchange rate movements 1.2 1.3 5.9 8.4 Macroeconomic model changes -3.7 -4.0 - -7.7 Other changes 0.0 -0.4 - -0.4 Impairment 30.09.2020 73.0 79.3 344.4 496.8 Q4 2020: Transfer from stage 1 to stage 2 -3.9 3.9 - - Transfer from stage 1 to stage 3 -0.7 - 0.7 - Transfer from stage 2 to stage 3 - -23.7 23.7 - Transfer from stage 3 to stage 2 - 0.5 -0.5 - Transfer from stage 2 to stage 1 6.4 -6.4 - - Transfer from stage 3 to stage 1 - - - - New financial assets originated 4.1 0.5 0.1 4.7 Increased expected credit loss 0.3 28.8 19.2 48.2 Assets derecognized -7.5 -3.3 -7.4 -18.2 Decreased expected credit loss -1.2 -0.6 -0.1 -1.9 Exchange rate movements -3.1 -3.5 -16.9 -23.6 Macroeconomic model changes -2.4 -2.6 - -5.0 Other changes -12.7 -14.8 -62.7 -90.2 Impairment 31.12.2020 52.2 58.2 300.4 410.8 74 Notes to the financial statements