Statement of Income

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GROUP				PARENT BANK
2018*	2019	(NOK million)	Note	2019	2018*
		Interest income from:
34	17	Loans to and receivables from credit institutions		34	47
1 816	2 181	Loans to and receivables from customers	16 21	1 446	1 227
90	130	Certificates, bonds and other interest-bearing securities		132	106
1 940	2 328	Total interest income	13	1 612	1 380
		Interest expenses:
23	13	Liabilities to credit institutions		31	32
277	396	Deposits from and liabilities to customers	16 21	396	277
391	530	Debt securities issued		104	94
42	33	Subordinated loan capital		33	42
28	42	Other interest	20	41	27
761	1 014	Total interest expenses	13	605	472
1 179	1 314	Net interest income	17	1 007	908
208	221	Commission income and income from banking services		220	208
25	26	Commission expenses and expenses from banking services		26	25
24	24	Other operating income		38	36
207	219	Net commission and other income	18	232	219
41	74	Net gains/losses from financial instruments	18	249	199
248	293	Total other operating income		481	418
1 427	1 607	Total income	17	1 488	1 326
340	354	Wages, salaries etc.	21 22	340	327
133	143	Administration costs	19 20	143	132
473	497	Total wages, salaries and general administration costs		483	459
35	50	Depreciation and impairment of non-financial assets	19 20 23 24	54	27
99	99	Other operating costs	16 19 20 21	80	99
820	961	Profit before impairment on loans		871	741
16	50	Impairment on loans, guarantees etc.	3 6 7	60	20
804	911	Pre tax profit	17	811	721
199	200	Taxes*	26	150	142
605	711	Profit after tax		661	580
590	688	Allocated to equity owners		638	565
15	23	Allocated to owners of Additional Tier 1 capital*		23	15
156	176	Dividend funds to the local community 1)		176	156
153	173	Dividend to the EC-holders 1)		173	153
129	146	Transferred to the primary capital fund		146	129
127	144	Transferred to the dividend equalisation fund		144	127
25	49	Transferred to other equity capital		0	0
590	688	Proposed distribution		638	565
29.60	34.50	Result per EC (NOK) 2)	27	32.00	28.35
29.60	34.50	Diluted earnings per EC (NOK) 2)	27	32.00	28.35
1) To be transferred to other equity capital until the final resolution has been passed
2) Calculated using the EC-holders share (49.6 %) of the period's profit to be allocated to equity owners
*) As a result of the change in IAS 12 with effect from 1.1.2019, comparative figures for 2018 have changed. See note 1.2 for an explanation and quantification of the effects related to tax expense and profit attributable to owners of Additional Tier 1 capital.

STATEMENT OF COMPREHENSIVE INCOME
GROUP				PARENT BANK
2018	2019	(NOK million)	Note	2019	2018
605	711	Profit after tax		661	580
		Other income/costs reversed in ordinary profit:
-18	2	Change in value on basis swap spreads		0	0
4	0	Tax effect of change in value on basis swap spreads	26	0	0
		Other income/costs not reversed in ordinary profit:
12	-29	Pension estimate deviations		-29	12
-3	7	Tax effect of deviations on pension estimates	26	7	-3
600	691	Total comprehensive income after tax		639	589
585	668	Allocated to equity owners		616	574
15	23	Allocated to owners of Additional Tier 1 capital*		23	15