| STATEMENT OF INCOME | | | |
|---|
| (NOK million) | Note | 2020 | 2019 |
|---|
| Interest income | 6 14 23 | 691 | 764 |
| Interest expenses | 14 23 | 346 | 456 |
| Net interest income | | 345 | 308 |
| Commission income | | 0 | 1 |
| Net gains/losses from financial instruments | 15 | -1 | -4 |
| Total income | | 344 | 305 |
| Wages, salaries and general administration costs | 16 | 3 | 3 |
| Other operating costs | 23 | 46 | 42 |
| Total operating costs | | 49 | 45 |
| Profit before impairment on loans | | 295 | 260 |
| Impairment on loans | 9 | 1 | -11 |
| Pre-tax profit | | 294 | 271 |
| Taxes | 17 | 64 | 49 |
| Profit after tax | | 230 | 222 |
| | | | |
| Earnings/diluted earnings per share (NOK) | | 152.97 | 147.85 |
| | | | |
| STATEMENT OF COMPREHENSIVE INCOME | | | |
|---|
| (NOK million) | | 2020 | 2019 |
|---|
| Profit after tax | | 230 | 222 |
| Items that may subsequently be reclassified to the income statement: | | | |
| Basis swap spreads - changes in value | | 3 | 2 |
| Tax effect of basis swap spreads | 17 | -1 | 0 |
| Total comprehensive income after tax | | 232 | 224 |
| | | | |
| PROPOSED DISTRIBUTION | | | |
|---|
| (NOK million) | | 2020 | 2019 |
|---|
| Proposed dividends | | 232 | 224 |
| Retained earnings | | 0 | 0 |
| Total | | 232 | 224 |