Saxo Bank believes meaningful management reporting is the key to transparency and consistency in defining the key measures of its business. In-house data custodians and external, independent auditors are charged with ensuring the Bank is actively managing its activities and reporting at the desired level of detail.
Saxo Bank invites you to read the following audited financial results and annual reports. If you would like to obtain a hard copy of the annual reports, please contact Saxo Bank Corporate Communications:
E-mail: team-corporatecommunications@saxobank.com
Annual Result 2008
Annual Report 2008, PDF format (English)
Annual Result 2007
Annual Report 2007, PDF format (English)
Annual Result 2006
Annual Report 2006, PDF format (English)
Annual Result 2005
Annual Report 2005, PDF format (English)
Annual Result 2004
Annual Report 2004, PDF format (English)
Annual Result 2003
Annual Report 2003, PDF format (English)
Annual Result 2002
Annual Report 2002, PDF format (English)
Annual Result 2001
Annual Report 2001, PDF format (English)
Profit and Loss Account
|
(DKK '000) |
Saxo Bank Group |
Saxo Bank A/S |
| 2007 |
2006 |
2007 |
2006 |
| Interest receivable |
785,133 |
512,604 |
796,264 |
515,075 |
| Interest payable |
-554,240 |
-302,501 |
-562,021 |
-301,391 |
| Net interest receivable |
230,893 |
210,103 |
234,243 |
213,684 |
| Fees and commissions receivable |
435,751 |
282,027 |
420,001 |
281,989 |
| Fees and commissions payable |
-875,357 |
-575,053 |
-870,060 |
-575,026 |
| Net interest, fees and commissions receivable |
-208,713 |
-82,923 |
-215,816 |
-79,353 |
| Price and exchange rate adjustments |
1,773,162 |
1,084,886 |
1,634,605 |
1,084,169 |
| Operating income |
1,564,449 |
1,001,963 |
1,418,789 |
1,004,816 |
| Other income |
686 |
839 |
1,616 |
1,155 |
| Staff costs and administrative expenses |
-1,138,226 |
-761,235 |
-1,071,557 |
-744,273 |
| Depreciation and amortisation of intangible and tangible assets |
-54,746 |
-33,811 |
-50,749 |
-32,294 |
| Other charges |
-4,242 |
-330 |
-4,242 |
-330 |
| Loss and provisions for bad debts |
-3,062 |
-2,317 |
-3,062 |
-2,317 |
| Result of participating interests in affiliated undertakings |
- |
- |
74,064 |
-21,648 |
| Profit on ordinary operations before tax |
364,859 |
205,109 |
364,859 |
205,109 |
| Tax |
-89,610 |
-60,979 |
-89,610 |
-60,979 |
| Net profit for the financial year |
275,249 |
144,130 |
275,249 |
144,130 |
|
| Proposed allocation of Profits |
| Dividend for the year |
90,832 |
47,563 |
90,832 |
47,563 |
| Equity method reserve |
- |
- |
38,208 |
0 |
| Allocation to retained earnings |
184,417 |
96,567 |
146,209 |
96,567 |
| Total allocation |
275,249 |
144,130 |
275,249 |
144,130 |
Balance Sheet as at December 31
|
(DKK '000) |
Saxo Bank Group |
Saxo Bank A/S |
| 2007 |
2006 |
2007 |
2006 |
| Assets |
| Cash in hand and demand deposits with central banks |
8,751 |
199 |
151 |
199 |
| Receivables from credit institutions and central banks |
2,942,157 |
2,055,777 |
2,441,917 |
2,023,392 |
| Loans and advances at amortised costs |
118,160 |
121,780 |
168,965 |
174,691 |
| Bonds at fair value |
4,604,484 |
2,651,823 |
4,143,251 |
2,651,823 |
| Equities |
597 |
0 |
0 |
0 |
| Holdings in associated undertakings |
2,796 |
0 |
0 |
0 |
| Participating interest in affiliated undertakings |
- |
- |
278,254 |
21,963 |
| Goodwill |
413,000 |
0 |
413,000 |
0 |
| Intangible assets |
111,930 |
47,744 |
91,481 |
47,744 |
| Domicile premises |
50,762 |
30,369 |
0 |
0 |
| Tangible assets |
123,608 |
103,244 |
88,813 |
66,858 |
| Deferred tax assets |
50,169 |
4,574 |
7,743 |
0 |
| Tax receivables |
40,537 |
0 |
40,245 |
0 |
| Other assets |
1,509,123 |
1,132,378 |
1,345,536 |
1,131,567 |
| Prepayments |
20,163 |
7,673 |
9,273 |
6,410 |
| Total assets |
9,996,237 |
6,155,561 |
9,028,629 |
6,124,647 |
|
| Shareholders' equity and liabilities |
| Debt to credit institutions and central banks |
154,824 |
18,330 |
154,244 |
2,587 |
| Deposits |
7,143,690 |
4,524,783 |
6,320,095 |
4,524,783 |
| Company tax |
13,661 |
26,773 |
0 |
26,288 |
| Other liabilities |
1,151,029 |
992,162 |
1,027,934 |
977,591 |
| Total debts |
8,463,204 |
5,562,048 |
7,502,273 |
5,531,249 |
| Provisions for pensions and similar liabilities |
2,695 |
0 |
0 |
0 |
| Provisions for deferred tax |
24,881 |
12,035 |
20,899 |
11,920 |
| Other provisions |
2,375 |
225 |
2,375 |
225 |
| Total provisions |
29,951 |
12,260 |
23,274 |
12,145 |
| Subordinated loan |
410,031 |
149,143 |
410,031 |
149,143 |
| Shareholders' equity |
| Share capital |
58,982 |
54,934 |
58,982 |
54,934 |
| Equity method reserve |
0 |
0 |
38,208 |
0 |
| Other reserves |
0 |
2,911 |
0 |
2,911 |
| Proposed dividend |
90,832 |
47,563 |
90,832 |
47,563 |
| Retained earnings |
943,237 |
326,702 |
905,029 |
326,702 |
| Total shareholders' equity |
1,093,051 |
432,110 |
1,093,051 |
432,110 |
| Total shareholders' equity and liabilities |
9,996,237 |
6,155,561 |
9,028,629 |
6,124,647 |
|
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