Profit performance

(MNOK)	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
QUARTERLY PROFIT
Net interest income	57	59	61	62	60
Other operating income	-5	-6	1	1	4
Total operating costs	10	8	8	9	8
Profit before impairment on loans	42	45	54	54	56
Impairment on loans	0	1	0	0	0
Pre tax profit	42	44	54	54	56
Tax	10	11	13	14	14
Profit after tax	32	33	41	40	42

As a percentage of average assets
Net interest income	1.15	1.23	1.34	1.40	1.35
Other operating income	-0.11	-0.14	0.03	0.01	0.11
Total operating costs	0.19	0.18	0.17	0.21	0.18
Profit before impairment on loans	0.85	0.91	1.20	1.20	1.28
Impairment on loans	0.00	0.02	0.00	0.00	0.00
Pre tax profit	0.85	0.89	1.20	1.20	1.28
Tax	0.21	0.23	0.30	0.30	0.32
Profit after tax	0.64	0.66	0.90	0.90	0.96

Average total assets (MNOK)	19 876	19 164	18 003	18 046	17 615

(MNOK)	31.03.2017	31.03.2016	31.12.2016
ACCUMULATED PROFIT FOR THE YEAR
Net interest income	57	60	242
Other operating income	-5	4	0
Total operating costs	10	8	33
Profit before impairment on loans	42	56	209
Impairment on loans	0	0	1
Pre tax profit	42	56	208
Tax	10	14	52
Profit after tax	32	42	156

As a percentage of average assets
Net interest income	1.15	1.35	1.33
Other operating income	-0.11	0.11	0.00
Total operating costs	0.19	0.18	0.18
Profit before impairment on loans	0.85	1.28	1.15
Impairment on loans	0.00	0.00	0.01
Pre tax profit	0.85	1.28	1.14
Tax	0.21	0.32	0.29
Profit after tax	0.64	0.96	0.85

Average total assets (MNOK)	19 876	17 615	18 207