Appendix of Tables

 

The Appendix comprises four tables. Table 1 provides an overview of developments in a number of macroeconomic variables in the baseline scenario and the three stress scenarios specified in the Stress Test chapter.

Tables 2-4 provide an overview of the development in the financial statements of the banking institutions in groups 1 and 2 as defined on p. 14. The tables are supplemented with the development in the financial statements of the Danish Financial Supervisory Authority's group 3.

Specification of scenarios for the Danish economy
– latest forecast – To be continued 		Table 1
 
Base line scenario
Scenario 1
Scenario 2
Scenario 3
2010
Real growth, per cent, year-on-year
GDP
1.3
0.6
0.5
0.2
Private consumption
1.7
0.7
0.7
0.5
Public consumption
1.3
1.3
1.3
1.3
Housing investment
-8.5
-15.7
-16.5
-18.5
Business investment
-7.7
-13.1
-13.3
-13.3
Public-sector investments
18.9
18.9
18.9
18.9
Inventory investments (contribution to GDP growth)
0.7
0.7
0.7
0.7
Exports
-1.5
-1.5
-1.6
-2.9
- of which industrial exports
-0.8
-0.8
-1.0
-3.1
Imports
-2.4
-3.9
-4.0
-4.8
Export market growth
4.3
4.3
3.9
1.2
Nominal growth, per cent, year-on-year
Private sectors disposable income
3.9
3.4
3.7
2.9
HICP
2.0
2.0
2.0
2.0
Hourly wages (industry)
2.3
2.3
2.3
2.3
House prices
0.6
-3.7
-5.8
-3.2
Average level for the year
Bond yield, per cent p.a.
3.4
3.4
4.1
3.0
3-month money market interest rate, per cent p.a.
0.9
0.9
0.9
0.8
Unemployment, thousands
152.0
158.9
159.5
163.1
Total employment, thousands
2,734
2,727
2,727
2,723
- of which private sector, thousands
1,731
1,724
1,723
1,719
Labour force, thousands
2,886
2,886
2,886
2,886
Unemployment rate, per cent
5.3
5.5
5.5
5.7
Net borrowing/net lending, private sector, kr. billion
150.1
167.3
171.4
163.9
Government budget balance, kr. billion
-96.9
-103.1
-107.3
-103.9
B.o.p. current account, kr. billion
52.8
63.8
63.7
59.7
Crude oil price, dollar/barrel
80.2
80.2
80.2
80.2
 
2011
Real growth, per cent, year-on-year
GDP
1.7
0.0
-0.7
-2.6
Private consumption
2.8
0.4
0.0
-2.0
Public consumption
0.8
0.8
0.8
0.8
Housing investment
0.6
-13.6
-22.4
-20.4
Business investment
3.9
-3.8
-7.1
-8.0
Public-sector investments
-10.6
10.6
-10.6
10.6
Inventory investments (contribution to GDP growth)
0.7
0.7
0.7
0.7
Exports
2.9
3.0
2.4
-3.0
- of which industrial exports
4.9
5.2
4.7
-2.4
Imports
5.1
2.7
1.6
-2.3
Export market growth
6.6
6.6
4.7
-4.5
Nominal growth, per cent, year-on-year
Private sectors disposable income
3.0
2.1
2.2
-0.4
HICP
1.5
1.5
1.5
1.4
Hourly wages (industry)
2.5
2.1
2.1
1.7
House prices
1.8
-7.7
-13.1
-11.4
Average level for the year
Bond yield, per cent p.a.
4.1
4.1
6.1
3.2
3-month money market interest rate, per cent p.a.
1.6
1.6
1.6
0.8
Unemployment, thousands
167.6
200.1
209.5
244.5
Total employment, thousands
2,709
2,676
2,667
2,632
- of which private sector, thousands
1,704
1,672
1,662
1,627
Labour force, thousands
2,877
2,877
2,877
2,877
Unemployment rate, per cent
5.8
7.0
7.3
8.5
Net borrowing/net lending, private sector, kr. billion
125.1
179.2
200.2
180.2
Government budget balance, kr. billion
-85.4
-108.7
-127.1
-125.9
B.o.p. current account, kr. billion
39.3
70.1
72.7
53.9
Crude oil price, dollar/barrel
84.7
84.7
84.7
84.7
 
2012
Real growth, per cent, year-on-year
GDP
1.9
1.5
0.5
-1.5
Private consumption
3.3
2.5
1.6
-1.2
Public consumption
0.8
0.8
0.8
0.8
Housing investment
1.8
0.4
-9.8
-9.2
Business investment
3.8
3.3
-0.5
-5.7
Public-sector investments
-7.8
-7.8
-7.8
-7.8
Inventory investments (contribution to GDP growth)
0.1
0.1
0.1
0.1
Exports
3.0
3.1
2.2
-1.2
- of which industrial exports
5.0
5.2
4.6
1.9
Imports
4.0
4.0
2.5
-1.2
Export market growth
6.0
6.0
3.9
0.0
Nominal growth, per cent, year-on-year
Private sectors disposable income
3.6
3.6
3.2
1.7
HICP
1.5
1.5
1.4
1.2
Hourly wages (industry)
2.7
1.9
1.6
0.4
House prices
1.8
-2.8
-5.6
-13.1
Average level for the year
Bond yield, per cent p.a.
4.8
4.8
6.8
4.1
3-month money market interest rate, per cent p.a.
2.0
2.0
2.0
0.8
Unemployment, thousands
154.3
201.6
230.4
315.0
Total employment, thousands
2,713
2,665
2,637
2,552
- of which private sector, thousands
1,708
1,661
1,632
1,548
Labour force, thousands
2,867
2,867
2,867
2,867
Unemployment rate, per cent
5.4
7.0
8.0
11.0
Net borrowing/net lending, private sector, kr. billion
112.8
178.5
218.0
215.2
Government budget balance, kr. billion
-80.0
-112.6
-145.8
-163.9
B.o.p. current account, kr. billion
32.3
65.6
71.7
50.9
Crude oil price, dollar/barrel
86.5
86.5
86.5
86.5


Profit/Loss Table 2
  Group 1 Group 2 The Danish Financial
Supervisory Authority's Group 3
Kr. million 2009 2008 Index 09/08 2009 2008 Index 09/08 2009 2008 Index 09/08
Income
Net interest income
51,436
36,553
141
7,064
6,149
115
9,737
9,295
105
Net fee income
13,497
14,188
95
2,018
2,151
94
2,689
2,780
97
Value adjustments
6,603
-3,274
-
913
-1,250
-
3,081
-312
-
Value adjustments of participating interests
4,293
5,809
74
-68
-63
107
-2,551
-49
-
Other income from ordinary activities
3,089
3,243
95
165
377
44
298
384
78
Expenses
Operating expenses
40,770
37,466
109
6,941
5,741
121
12,008
10,683
112
Write-downs on loans
31,943
14,528
220
10,298
4,282
240
11,947
4,986
240
Profit/loss before tax
6,205
4,524
137
-7,148
-2,658
269
-10,701
-3,570
-
Profit/los safter tax
3,674
3,728
99
-5,371
-1,946
276
-10,321
-3,170
-
Source: Danish Financial Supervisory Authority.

 

Balance sheet Table 3
 
Group 1
Group 2
The Danish Financial
Supervisory Authority's Group 3
Kr. million
2009
2008
Index 09/08
2009
2008
Index 09/08
2009
2008
Index 09/08
Selected assets
Cash in hand, etc.
30,359
19,296
157
2,400
2,215
108
8,290
9,050
92
Claims on credit institutions and central banks
503,098
484,692
104
21,069
22,946
92
37,844
38,280
99
Loans
1,582,512
1,812,643
87
165,996
185,938
89
199,866
231,626
86
Bonds
897,139
799,801
112
56,425
38,742
146
50,658
39,319
129
Shares, etc.
10,526
8,822
119
4,758
4,098
116
8,468
8,348
101
Selected liabilities
Debt to credit institutions and
central banks
734,104
988,578
74
50,365
72,408
70
51,955
80,243
65
Deposits and other debt
1,278,915
1,322,761
97
149,219
140,593
106
201,346
195,754
103
Bonds issued
639,289
559,417
114
28,732
18,905
152
6,994
6,961
100
Subordinated debt
90,901
72,128
126
13,044
9,217
142
16,849
11,796
143
Equity
171,120
163,107
105
19,860
19,709
101
45,331
48,902
93
Total assets/liabilities
3,666,001
4,037,639
91
269,021
274,067
98
322,678
354,106
94
Note: Cash in hand, etc., is cash in hand and demand deposits with central banks. Lending and deposits are actual lending and deposits, not adjusted for mergers and acquisitions.
Source: Danish Financial Supervisory Authority.

 

Capital Structure Table 4
  Group 1 Group 2 The Danish Financial
Supervisory Authority's Group 3
Kr. million
2009
2008
Index 09/08
2009
2008
Index 09/08
2009
2008
Index 09/08
Tier 1 (incl. hybrid core capital)
188,158
151,056
125
24,146
19,348
125
45,074
44,543
101
Capital base
231,709
203,806
114
29,844
26,115
114
55,623
54,421
102
Risk-weighted assets
1,305,056
1,447,533
90
193,877
215,986
90
271,274
313,749
86
Source: Danish Financial Supervisory Authority .

 

 
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