Investor Presentaiton
GROUP
ROE/ROTE CALCULATION DETAIL
End of period (in EURm)
Q422
Q4 21
2022
2021
Shareholders' equity Group share
Deeply subordinated notes
Undated subordinated notes
66,451
65,067
66,451
65,067
(10,017)
(8,003)
(10,017)
(8,003)
Interest of deeeply & undated subodinated notes, issue premium amortisations
OCI excluding conversion reserves
(2)
Distribution provision 2
Distribution N-1 to be paid
ROE equity end-of-period
Average ROE equity*
Average Goodwill
Average Intangible Assets
(1)
(24)
20
(24)
20
1,279
(489)
1,279
(489)
(1,803)
(2,286)
(1,803)
(2,286)
0
0
55,886
54,310
55,886
54,310
55,889
53,878
55,164
52,634
(3,660)
(3,776)
(3,650)
(3,890)
(2,835)
(2,687)
(2,760)
(2,584)
Average ROTE equity*
49,394
47,415
48,754
46,160
Group net Income
1,160
1,787
2,018
5,641
Interest on deeply subordinated notes and undated subordinated notes
(192)
(151)
(596)
(590)
Cancellation of goodwill impairment
337
3
337
Ajusted Group net Income
968
1,973
1,425
5,388
Average ROTE equity*
49,394
47,415
48,754
46,160
ROTE
Underlying Group net income
Interest on deeply subordinated notes and undated subordinated notes
Cancellation of goodwill impairment
Ajusted Underlying Group net Income
Average ROTE equity (underlying)*
Underlying ROTE (3)
7.8%
16.6%
2.9%
11.7%
1,126
1,226
5,616
5,264
(192)
(151)
(596)
(590)
3
934
1,075
5,023
4,674
49,360
7.6%
46,854
9.2%
52,352
45,783
9.6%
10.2%
ROE/ROTE: see Methodology (1) Interest net of tax, payable or paid to holders of deeply subordinated notes & undated subordinated notes, issue premium amortisations, (2) Based on the 2022 proposed distribution, subject to the usual approvals of the General
meeting and the ECB, (3) Underlying data: adjusted for exceptional items and IFRIC 21 linearisation (see Supplement),
* Amounts restated compared with the financial statements published in 2021 (See Note 1.7 of the financial statements)
SOCIETE
GENERALE
4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023View entire presentation