Aproximaciones referidas a la responsabilidad penal de la madre

Svensk Fastighetsförmedling AB

Recorded goodwill for Svensk Fastighetsförmedling AB including the housing loan portfolio in Sweden was SEK 232 million at year-end 2009. Svensk Fastighetsförmedling provides real estate brokerage services in Sweden and was acquired in the second quarter of 2007. In conse- quence of a revised strategy in Sweden, it has been decided to discontinue the sale of housing loans from DnB NOR in Sweden. The remaining goodwill, the equivalent of NOK 194 million, was thus impaired to nil in the second quarter of 2010. A required rate of return of 9.0 per cent after tax was used in the evaluation, which corresponds to approximately 10.8 per cent before tax. Impairment losses were also recorded in 2009, representing NOK 99 million. The cash-generating unit is included in the Retail Banking business area, see note 3 Segments.

Postbanken brand

The recorded value of the brand stems from the merger between DnB NOR and Postbanken in 1999. DnB NOR has decided to integrate Postbanken and DnB NOR, whereby the Postbanken brand will be phased out. In consequence of the decision, the remaining value of the brand, NOK 51 million, was impaired in its entirety in the second quarter of 2010.

SalusAnsvar

Goodwill relating to SalusAnsvar totalled SEK 266 million, the equivalent of NOK 231 million, at year-end 2010. DnB NOR has changed its strategy for these operations, whereby SalusAnsvar has now been given more independent responsibility for its strategic direction. The company showed a positive development in 2010, and no impairment losses relating to the company were identified for 2010, but the test is sensitive to changes in key assumptions. In 2009, impairment losses of SEK 124 million, the equivalent of NOK 102 million, were recorded. The cash-generating unit is included in the Retail Banking business area, see note 3 Segments.

DnB NORD

DnB NORD's recorded goodwill relates to operations in Poland and represented EUR 52.7 million or NOK 428 million at end-December 2010, of which DnB NOR recorded 51 per cent or NOK 218 million. DnB NORD has prepared plans covering the period up till 2019, which have been used in the impairment test. The cash flows are based on financial plans approved by DnB NORD's Board of Directors. The unit has shown low operational profitability, but Poland has a relatively strong economy, and the situation with respect to write-downs on loans is better than in the Baltic States. DnB NORD has initiated measures to reduce costs and increase income. Combined with relatively strong annual growth in net lending of 23 per cent during the plan period, these measures are gradually expected to increase profitability. Long-term growth is estimated at 3 per cent. The test did not identify further impairment losses relating to the unit for 2010, but the test is sensitive to changes in key assumptions. In 2009, the test identified an impairment loss of EUR 35.3 million, the equivalent of NOK 311 million, relating to DnB NORD's operations in Poland, of which DnB NOR's share was NOK 159 million. During 2009, recorded goodwill in DnB NORD relating to operations in Lithuania, Latvia and Estonia was impaired to nil. The write-down of acquisition costs and DnB NOR's share of impairment losses for goodwill in DnB NORD gave an overall cost of NOK 529 million in DnB NOR's accounts for 2009. The cash-generating unit is included in the DnB NORD profit centre, see note 3 Segments.

DnB NOR Group

Amounts in NOK million 31 Dec. 2010 31 Dec. 2009

Bank buildings and other properties 554 506 Machinery, equipment and vehicles 5 127 4 861 Other fixed assets 112 115

Total fixed assets 5 793 5 482

DnB NOR Group

Bank buildings Machinery, and other equipment and

Amounts in NOK million properties vehicles 1) _Total 2)

Recorded value as at 31 December 2008 570 4 577 5 146 Additions 185 1 809 1 994 Additions from the aquisition/establishment of other companies

Fixed assets, reclassified as held for sale

Depreciation 3) _{29 986 1 015}

Impairment

Disposals 161 469 630 Exchange rate movements (59) (69) (128) Recorded value as at 31 December 2009 506 4 861 5 367 Original cost 632 10 586 9 468 Total depreciation and impairment 126 5 726 4 102 Recorded value as at 31 December 2009 506 4 861 5 367 Additions 309 2 109 2 418 Additions from the aquisition/establishment of other companies

Fixed assets, reclassified as held for sale

Depreciation 3) _{17 1 106 1 123}

Impairment

Disposals 220 724 944 Exchange rate movements (24) (12) (36) Recorded value as at 31 December 2010 554 5 127 5 681 Original cost 693 11 166 11 858 Total depreciation and impairment 139 6 039 6 178 Recorded value as at 31 December 2010 554 5 127 5 681 The DnB NOR Group has not furnished security for loans/funding of fixed assets, including property.

1) Including computer equipment and related software. 2) The total does not include "Other fixed assets".

3) Based on cost less any residual value, other assets are subject to straight-line depreciation over their expected useful life within the following limits: Technical installations 10 years

Machinery 3-10 years Fixtures and fittings 5-10 years Computer equipment 3-5 years Means of transport 5-7 years

Note 43 Leasing

Financial leases (as lessor) DnB NOR Group

31 Dec. 31 Dec.

Amounts in NOK million 2010 2009

Gross investment in the lease

Due within 1 year 9 622 8 126 Due in 1-5 years 23 199 25 099 Due in more than 5 years 2 244 2 900 Total gross investment in the lease 35 065 36 126 Present value of minimum lease payments

Due within 1 year 9 170 7 775 Due in 1-5 years 18 838 20 674 Due in more than 5 years 1 501 1 975 Total present value of lease payments 29 509 30 425 Unearned financial income 5 556 5 701 Unguaranteed residual values accruing to the lessor 46 38 Accumulated loan-loss provisions 1 529 759 Variable lease payments recognised as income during the period 115 133

Operational leases (as lessor) DnB NOR Group

31 Dec. 31 Dec.

Amounts in NOK million 2010 2009

Future minimum lease payments under non-cancellable leases

Due within 1 year 2 221 1 904 Due in 1-5 years 6 618 5 955 Due in more than 5 years 3 562 3 332 Total future minimum lease payments under non-cancellable leases 12 400 11 191

Operational leases (as lessee) DnB NOR Group

31 Dec. 31 Dec.

Amounts in NOK million 2010 2009

Minimum future lease payments under non-cancellable leases

Due within 1 year 102 89 Due in 1-5 years 1 023 916 Due in more than 5 years 7 195 7 573 Total minimum future lease payments under non-cancellable leases 8 320 8 578 Total minimum future sublease payments expected to be received under non-cancellable subleases 36 76 Leases recognised as an expense during the period

Minimum lease payments 801 765 Variable lease payments 0 0 Total leases recognised as an expense during the period 801 765 Impairment on leases 11 17

Financial leases (as lessor)

The DnB NOR Group's financial leasing operations apply to DnB NOR Bank ASA and DnB NORD in Poland and the Baltic States.

Operational leases (as lessor)

Comprises operational leasing operations in DnB NOR Bank ASA and DnB NORD in Poland, in addition to leasing of investment properties in Vital.

Operational leases (as lessee)

Mainly comprises premises leased by DnB NOR Bank ASA. The strong growth in contractual minimum lease payments which are due in more than five years must be seen in conjunction with the agreement to lease new headquarters in Bjørvika in Oslo, which will be ready in 2012.

DnB NOR Group

Amounts in NOK million 31 Dec. 2010 31 Dec. 2009

Accrued expenses and prepaid revenues 1 847 1 127 Amounts outstanding on documentary credits and other payment services 1 374 744 Unsettled contract notes 983 1 041 Past due, unpaid insurance premiums 743 1 408 Other amounts outstanding 5 551 4 660

Total other assets 1) _{10 499 8 979}

1) Other assets are generally of a short-term nature.