Statement of income - Parent Bank

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STATEMENT OF INCOME - PARENT BANK (COMPRESSED)
(NOK million)	Q1 2020	Q1 2019	2019
Interest income from assets at amortised cost	361	307	1 367
Interest income from assets at fair value	73	57	245
Interest costs	173	130	605
Net interest income	261	234	1 007
Commission income and revenues from banking services	54	50	220
Commission costs and expenditure from banking services	7	7	26
Other operating income	10	9	38
Net commission and other operating income	57	52	232
Dividends	233	173	184
Net gains/losses on financial instruments	-44	25	65
Net return on financial instruments	189	198	249
Total income	507	484	1 488
Wages, salaries etc.	85	82	340
Administration costs	39	38	143
Depreciation and impairment	14	13	54
Other operating costs	22	19	80
Total operating costs	160	152	617
Profit before impairment on loans	347	332	871
Impairment on loans, guarantees etc.	30	13	60
Pre-tax profit	317	319	811
Taxes	21	35	150
Profit after tax	296	284	661
Allocated to equity owners	288	281	638
Allocated to owners of Additional Tier 1 capital	8	3	23

Profit per EC (NOK) 1)	14.47	14.13	32.00
Diluted earnings per EC (NOK) 1)	14.47	14.13	32.00
Distributed dividend per EC (NOK)	0.00	0.00	15.50


STATEMENT OF COMPREHENSIVE INCOME - PARENT BANK (COMPRESSED)
(NOK million)	Q1 2020	Q1 2019	2019
Profit after tax	296	284	661
Items that may subsequently be reclassified to the income statement:
Basisswap spreads - changes in value	0	0	0
Tax effect of changes in value on basisswap spreads	0	0	0
Items that will not subsequently be reclassified to the income statement:
Pension estimate deviations	0	0	-29
Tax effect of pension estimate deviations	0	0	7
Total comprehensive income after tax	296	284	639
Allocated to equity owners	288	281	616
Allocated to owners of Additional Tier 1 capital	8	3	23
1) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.