Statement of income - Parent Bank

STATEMENT OF INCOME - PARENT BANK   
Amounts in NOK millionQ1 2018Q1 20172017
Interest income from assets assessed at amortised cost2892681 116
Interest income from assets assessed at fair value4053172
Interest expenses110116447
Net interest income219205841
Commission income and revenues from banking services4944195
Commission costs and expenditure from banking services7726
Other operating income8836
Net commission and other operating income5045205
Dividends153156158
Net gains/losses from financial instruments42960
Net return from financial instruments157185218
Total income4264351 264
Wages, salaries etc.8181322
Administration costs3839127
Depreciation and impairment7727
Other operating costs202295
Total operating costs146149571
Profit before impairment on loans280286693
Impairment on loans, guarantees etc.4216
Pre tax profit276284677
Taxes3432133
Profit after tax242252544
Allocated to equity owners239252538
Allocated to owners of Additional Tier 1 capital306
    
Profit per EC (NOK) 1)12.0012.6027.00
Diluted earnings per EC (NOK) 1)12.0012.6027.00
Distributed dividend per EC (NOK)0.000.0014.00
    
    
STATEMENT OF COMPREHENSIVE INCOME - PARENT BANK   
Amounts in NOK millionQ1 2018Q1 20172017
Profit after tax242252544
Items that may subsequently be reclassified to the income statement:   
Equities available for sale - changes in value 2) 027
Basisswap spreads - changes in value 3)0  
Tax effect of changes in value on basisswap spreads0  
Items that will not subsequently be reclassified to the income statement:   
Pension estimate deviations00-12
Tax effect of pension estimate deviations003
Total comprehensive income after tax242252562
Allocated to equity owners239252556
Allocated to owners of Additional Tier 1 capital306
    
1) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.
2) The category Available for sale does not exist in IFRS 9. Shares and other securities are as of 1 January 2018 assessed at fair value with any changes in value recognised in the income statement under Net gains/losses from financial instruments.
3) Change in value on the Group's basisswaps inherent in hedging instruments, has up to 31.12.2017 been recognised in the income statement. As of 1.1.2018, changes in value on basisswaps due to changes in basisswap spreads, will be recognised in OCI as a cost of hedging.