Statement of income

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GROUP				PARENT BANK
2019	2020	(NOK million)	Note	2020	2019
2 328	1 954	Interest income		1 309	1 612
1 014	726	Interest expenses		426	605
1 314	1 228	Net interest income	15	883	1 007
221	210	Commission income and income from banking services		209	220
26	26	Commission expenses and expenses from banking services		26	26
24	27	Other operating income		44	38
219	211	Net commission and other income	16	227	232
74	74	Net gains/losses from financial instruments	17	303	249
293	285	Total other operating income		530	481
1 607	1 513	Total income	4	1 413	1 488
354	332	Wages, salaries etc.	18 20	317	340
143	143	Administration costs	19 30	142	143
497	475	Total wages, salaries and general administration costs		459	483
50	46	Depreciation and impairment of non-financial assets	19 30 31 32	51	54
99	109	Other operating costs	19 29 30 35	92	80
961	883	Profit before impairment on loans		811	871
50	149	Impairment on loans, guarantees etc.	9 10	148	60
911	734	Pre tax profit	4	663	811
200	167	Taxes	21	102	150
711	567	Profit after tax		561	661
688	540	Allocated to equity owners		534	638
23	27	Allocated to owners of Additional Tier 1 capital		27	23
176	45	Dividend funds to the local community 1)		45	176
173	44	Dividend to the EC-holders 1)		44	173
146	224	Transferred to the primary capital fund		224	146
144	221	Transferred to the dividend equalisation fund		221	144
49	6	Transferred to other equity capital		0	0
688	540	Proposed distribution		534	638
34.50	27.10	Result per EC (NOK) 2)	34	26.83	32.00
34.50	27.10	Diluted earnings per EC (NOK) 2)	34	26.83	32.00
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


STATEMENT OF COMPREHENSIVE INCOME
GROUP				PARENT BANK
2019	2020	(NOK million)	Note	2020	2019
711	567	Profit after tax		561	661
		Other income/costs reversed in ordinary profit:
2	3	Change in value on basis swap spreads		0	0
0	-1	Tax effect of change in value on basis swap spreads	21	0	0
		Other income/costs not reversed in ordinary profit:
-29	-36	Pension estimate deviations	20	-36	-29
7	9	Tax effect of deviations on pension estimates	21	9	7
691	542	Total comprehensive income after tax		534	639
668	515	Allocated to equity owners		507	616
23	27	Allocated to owners of Additional Tier 1 capital		27	23