STATEMENT OF INCOME | | | |
---|
(NOK million) | Note | 2019 | 2018 |
---|
Interest income from: | | | |
---|
Loans to and receivables from credit institutions - amortised cost | 11 | 18 | 8 |
Loans to and receivables from customers - amortised cost | | 739 | 591 |
Certificates, bonds and other interest-bearing securities - fair value | | 7 | 4 |
Interest income | 2 | 764 | 603 |
Interest expenses in respect of: | | | |
Loans from credit institutions | 11 | 17 | 12 |
Debt securities | 9 10 11 | 435 | 317 |
Other interest expenses | | 4 | 0 |
Interest expenses | 9 | 456 | 329 |
Net interest income | 4 | 308 | 274 |
Commission income | | 1 | 0 |
Net change in value of securities and related derivatives | | -4 | -1 |
Wages, salaries and general administration costs | 12 | 3 | 3 |
Other operating costs | 11 | 42 | 39 |
Total operating costs | 12 | 45 | 42 |
Pre tax operating profit before impairment | | 260 | 231 |
Impairment on loans | 3 5 | -11 | 1 |
Pre-tax profit | | 271 | 230 |
Taxes | 13 | 49 | 56 |
Profit after tax | | 222 | 174 |
| | | |
Earnings/diluted earnings per share (NOK) | | 149.33 | 146.49 |
| | | |
STATEMENT OF COMPREHENSIVE INCOME | | | |
---|
(NOK million) | | 2019 | 2018 |
---|
Profit after tax | | 222 | 174 |
Items that may subsequently be reclassified to the income statement: | | | |
Basis swap spreads - changes in value | | 2 | -17 |
Tax effect of basis swap spreads | | 0 | 4 |
Total comprehensive income after tax | | 224 | 161 |
|
| | | |
| | | |
PROPOSED DISTRIBUTION | | | |
---|
(NOK million) | | 2019 | 2018 |
---|
Proposed dividends | | 224 | 167 |
Retained earnings | | 0 | -6 |
Total | | 224 | 161 |