Komplett Bank Annual Report 2020

RECONCILIATION OF IMPAIRMENTS OF CONSUMER LOANS TO CUSTOMERS SWEDEN NOK million stage 1 stage 2 stage 3 Total Impairment 01.01.2020 28.5 22.3 64.6 115.4 Q1 2020: Transfer from stage 1 to stage 2 -1.4 1.4 - - Transfer from stage 1 to stage 3 -0.2 - 0.2 - Transfer from stage 2 to stage 3 - -8.7 8.7 - Transfer from stage 3 to stage 2 - 0.3 -0.3 - Transfer from stage 2 to stage 1 3.2 -3.2 - - Transfer from stage 3 to stage 1 - - - - New financial assets originated 1.3 0.5 - 1.9 Increased expected credit loss 0.4 10.8 8.2 19.3 Assets derecognized -4.0 -0.8 -0.9 -5.7 Decreased expected credit loss -0.6 -0.3 -0.1 -1.1 Exchange rate movements 2.6 2.0 8.2 12.9 Macroeconomic model changes -2.1 -1.6 - -3.7 Other changes 0.4 -0.7 - -0.4 Impairment 31.03.2020 28.0 22.1 88.6 138.7 Q2 2020: Transfer from stage 1 to stage 2 -1.3 1.3 - - Transfer from stage 1 to stage 3 -0.2 - 0.2 - Transfer from stage 2 to stage 3 - -7.4 7.4 - Transfer from stage 3 to stage 2 - 0.1 -0.1 - Transfer from stage 2 to stage 1 2.8 -2.8 - - Transfer from stage 3 to stage 1 - - - - New financial assets originated 1.3 0.1 - 1.4 Increased expected credit loss 0.5 9.9 10.0 20.4 Assets derecognized -3.6 -0.7 -1.0 -5.2 Decreased expected credit loss -0.6 -0.6 -0.4 -1.6 Exchange rate movements -0.0 -0.0 -0.1 -0.1 Macroeconomic model changes 1.6 1.2 - 2.9 Other changes 0.9 -0.3 - 0.6 Impairment 30.06.2020 29.5 22.9 104.6 157.0 Q3 2020: Transfer from stage 1 to stage 2 -1.3 1.3 - - Transfer from stage 1 to stage 3 -0.3 - 0.3 - Transfer from stage 2 to stage 3 - -8.4 8.4 - Transfer from stage 3 to stage 2 - 0.7 -0.7 - Transfer from stage 2 to stage 1 3.3 -3.3 - - Transfer from stage 3 to stage 1 0.1 - -0.1 - New financial assets originated 5.5 1.6 - 7.1 Increased expected credit loss 0.7 9.6 10.8 21.2 Assets derecognized -4.1 -1.0 -6.7 -11.8 Decreased expected credit loss -0.7 -0.4 -0.4 -1.5 Exchange rate movements 0.5 0.3 8.1 8.8 Macroeconomic model changes -1.0 -0.7 - -1.7 Other changes 14.3 9.2 25.7 49.2 Impairment 30.09.2020 46.5 32.0 149.9 228.4 Q4 2020: Transfer from stage 1 to stage 2 -1.7 1.7 - - Transfer from stage 1 to stage 3 -0.4 - 0.4 - Transfer from stage 2 to stage 3 - -13.2 13.2 - Transfer from stage 3 to stage 2 - 0.1 -0.1 - Transfer from stage 2 to stage 1 4.4 -4.4 - - Transfer from stage 3 to stage 1 - - - - New financial assets originated 10.3 4.6 0.2 15.1 Increased expected credit loss 1.1 13.0 11.6 25.7 Assets derecognized -5.4 -0.8 -2.0 -8.1 Decreased expected credit loss -1.2 -0.2 -1.0 -2.5 Exchange rate movements -0.3 -0.2 -1.1 -1.6 Macroeconomic model changes -2.9 -1.7 - -4.6 Other changes 0.2 0.1 -4.2 -3.9 Impairment 31.12.2020 50.7 31.0 166.9 248.6 76 Notes to the financial statements