Komplett Bank Annual Report 2022

Note 13 Other debt The Bank’s debt consist of the following: Amounts in NOK million 31 Dec 2022 31 Dec 2021 Accounts payable 67.1 38.6 Social and other indirect taxes 9.5 16.3 Other short-term debt 85.6 87.5 Total other debt 162.1 142.4 Subordinated loans (ISIN NO0010941131) 3 months NIBOR + 5.0 % interest margin 65.0 65.0 Total subordinated loans (Tier 2) 65.0 65.0 RECONCILIATION OF SUBORDINATED LOANS: Amounts in NOK million 2022 2021 Opening balance as at 1 January 65.0 65.0 Amortisation of transaction costs/change interest rate - - Closing balance as at 31 December 65.0 65.0 Expiration date for the loan is 3 March 2031 with the option to call for first time as at 3 March 2026, and thereafter each quarter on every interest payment date. All deposits from the Bank’s customers are from individuals in Norway, Sweden and Germany. Interest rates for deposits are not fixed. The Bank’s average (weighted) offered interest rate in 2022 were 1.25% for Norwegian deposit customers (2021: 0.75%) , 0.61% for German deposit customers (2021: 0.53%) and 1.19 % for Swedish deposit customers (2021: 0.84 ). The calculation is based on actual interest expenses and average deposit balances each month. The Bank did not have any unused bank credit limits or other limit facilities as at 31 December 2022 nor 31 December 2021. 68 Notes to the financial statements

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