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 |
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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 |