Komplett Bank Annual Report 2021

Komplett Bank in brief	4
2021 in numbers	6
Letter from the CEO	8
Repositioning the Bank for profitable growth	8
Shareholder information	10
Board of Directors	12
Management	14
Corporate governance	15
ESG/Sustainability/CSR report	22
Board of Directors’ Report	30
Confirmation of Annual Report and Board of Directors’ Report	38
Financial statements	41
Comprehensive income statement	42
Balance sheet	43
Statement of changes in equity	44
Cash flow statement	45
Notes to the financial statements	46
Note 1 Accounting principles	47
Note 2 Segments	53
Note 3 Loans to customers and impairments	54
Note 4 Income	58
Note 5 Operating expenses	59
Note 6 Share option programs	60
Note 7 Tax expenses	62
Note 8 Financial instruments	63
Note 9 Loans and deposits with credit institutions	64
Note 10 Certificates and bonds	64
Note 11 Fixed and intangible assets	65
Note 12 Other debt	66
Note 13 Lease agreements	67
Note 14 Capital adequacy	68
Note 15 Risk management	70
Note 16 Credit risk	71
Note 17 Liquidity and interest rate risk	73
Note 18 Earnings per share	76
Note 19 Shareholders	77
Note 20 Remuneration etc.	78
Note 21 Related parties and other information	85
Note 22 Alternative performance measures	86
Note 23 Restated financial figures	88
Note 24 Off-balance-sheet items	88
Note 25 Subsequent events	88
Auditor’s report	89

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