STATEMENT OF INCOME | | | |
Amounts in NOK million | Notes | 2017 | 2016 |
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Interest income from: | | | |
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Loans to and receivables from credit institutions | 11 | 2 | 2 |
Loans to and receivables from customers | | 525 | 494 |
Certificates, bonds and other interest-bearing securities | | 3 | 6 |
Interest income | 2 | 530 | 502 |
Interest expenses in respect of: | | | |
Loans from credit institutions | 11 | 17 | 18 |
Debt securities | 9 10 11 | 252 | 242 |
Interest expenses | 9 | 269 | 260 |
Net interest income | 4 | 261 | 242 |
Commission income | | 1 | 0 |
Net change in value of securities and related derivatives | | -14 | 0 |
Wages, salaries and general administration costs | | 3 | 2 |
Other operating costs | 11 | 35 | 31 |
Total operating costs | 12 | 38 | 33 |
Profit before impairment on loans and taxes | | 210 | 209 |
Impairment on loans | 3 5 | -3 | 1 |
Pre tax profit | | 213 | 208 |
Taxes | 13 | 48 | 52 |
Profit after tax | | 165 | 156 |
Proposed distribution: | | | |
Proposed dividends | | 152 | 156 |
Retained earnings | | 13 | 0 |
Total | | 165 | 156 |
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STATEMENT OF COMPREHENSIVE INCOME | | | |
Amounts in NOK million | | 2017 | 2016 |
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Profit after tax | | 165 | 156 |
Other comprehensive income | | 0 | 0 |
Total comprehensive income after tax | | 165 | 156 |