Investment Management & Group functions

Full Year
SEK m	2020	2019	2018	2017
Net interest income	-1,165	-378	509	50
Net fee and commission income	2,657	2,392	2,393	1,845
Net financial income	684	1,605	1,026	1,005
Net other income	120	554	91	452
Total operating income	2,295	4,173	4,018	3,350
Staff costs	-5,562	-5,294	-4,982	-4,958
Other expenses	5,185	4,465	3,178	3,613
Depreciation of assets	-1,717	-1,475	-549	-742
Total operating expenses	-2,094	-2,304	-2,353	-2,087
Profit before credit losses etc	202	1,869	1,665	1,263
Gains less losses from assets	-9	-1	-2	1
Net expected credit losses	-4	-22	25	4
Operating profit before Items affecting comparability	189	1,846	1,689	1,268
Items affecting comparability	-1,000		4,506	-1,896
Operating profit	-811	1,846	6,195	-628
Cost/Income ratio	0.91	0.55	0.59	0.62
Business equity, SEK bn
Return on equity after tax, %

Quarter	2020				2019				2018				2017
SEK m	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1
Net interest income	-242	-353	-294	-276	-11	91	-85	-373	-221	41	256	432	258	96	-92	-212
Net fee and commission income	749	667	634	607	659	588	617	528	744	594	531	523	619	402	431	392
Net financial income	129	201	705	-352	936	107	169	393	318	363	315	29	162	165	120	558
Net other income	-29	64	3	82	309	107	45	94	-12	76	-64	91	71	140	135	105
Total operating income	608	579	1,048	61	1,892	893	747	641	831	1,075	1,038	1,075	1,110	803	593	843
Staff costs	-1,488	-1,339	-1,457	-1,278	-1,355	-1,299	-1,328	-1,312	-1,075	-1,284	-1,352	-1,271	-1,253	-1,157	-1,307	-1,241
Other expenses	1,458	1,243	1,335	1,150	1,212	1,066	1,167	1,020	974	780	694	730	857	876	959	920
Depreciation of assets	-413	-414	-511	-379	-427	-328	-365	-356	-141	-136	-136	-135	-181	-276	-145	-140
Total operating expenses	-444	-510	-633	-507	-570	-561	-526	-647	-243	-640	-795	-675	-577	-556	-493	-461
Profit before credit losses etc	164	69	416	-446	1,322	332	222	-6	588	435	243	400	533	248	100	382
Gains less losses from assets	-6	-3			-1				-2	0				1	2	-2
Net expected credit losses	-19	-1		10	-9	-22	11	-2		6	34	-15	1	1		2
Operating profit before Items affecting comparability	139	64	422	-436	1,311	310	233	-8	586	441	277	385	534	250	102	382
Items affecting comparability			-1,000								4,506		-1,896.222
Operating profit	139	64	-578	-436	1,311	310	233	-8	586	441	4,783	385	-1,362	250	102	382