| STATEMENT OF INCOME | | | | |
|---|
| (NOK million) | Note | 2021 | 2020 | |
|---|
| Interest income | 6 14 23 | 609 | 691 | |
| Interest expenses | 14 23 | 249 | 346 | |
| Net interest income | | 360 | 345 | |
| Commission income | | 0 | 0 | |
| Net gains/losses from financial instruments | 15 | -3 | -1 | |
| Total income | | 357 | 344 | |
| Wages, salaries and general administration costs | 16 | 2 | 3 | |
| Other operating costs | 23 | 49 | 46 | |
| Total operating costs | | 51 | 49 | |
| Profit before impairment on loans | | 306 | 295 | |
| Impairment on loans | 9 | 0 | 1 | |
| Pre-tax profit | | 306 | 294 | |
| Taxes | 17 | 67 | 64 | |
| Profit after tax | | 239 | 230 | |
| | | | | |
| Earnings/diluted earnings per share (NOK) | | 216.56 | 152.97 | |
| | | | | |
| STATEMENT OF COMPREHENSIVE INCOME | | | | |
|---|
| (NOK million) | | 2021 | 2020 | |
|---|
| Profit after tax | | 239 | 230 | |
| Items that may subsequently be reclassified to the income statement: | | | | |
| Basis swap spreads - changes in value | | 3 | 3 | |
| Tax effect of basis swap spreads | 17 | -1 | -1 | |
| Total comprehensive income after tax | | 241 | 232 | |
| | | | | |
| PROPOSED DISTRIBUTION | | | | |
|---|
| (NOK million) | | 2021 | 2020 | |
|---|
| Proposed dividends | | 241 | 232 | |
| Retained earnings | | 0 | 0 | |
| Total | | 241 | 232 | |