Profit performance

(MNOK)	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017
QUARTERLY PROFIT
Net interest income	72	75	68	61	57
Other operating income	1	1	-3	-6	-5
Total operating costs	10	10	9	9	10
Profit before impairment on loans	63	66	56	46	42
Impairment on loans	-2	-3	0	0	0
Pre tax profit	65	69	56	46	42
Tax	15	12	14	12	10
Profit after tax	50	57	42	34	32

As a percentage of average assets
Net interest income	1.34	1.43	1.34	1.23	1.15
Other operating income	0.02	0.02	-0.06	-0.11	-0.11
Total operating costs	0.18	0.18	0.18	0.20	0.19
Profit before impairment on loans	1.18	1.27	1.10	0.92	0.85
Impairment on loans	-0.04	-0.06	0.00	0.00	0.00
Pre tax profit	1.22	1.33	1.10	0.92	0.85
Tax	0.28	0.23	0.28	0.23	0.21
Profit after tax	0.94	1.10	0.82	0.69	0.64

Average total assets (MNOK)	21 365	20 910	20 565	19 545	19 876

(MNOK)	31.03.2018	31.03.2017	31.12.2017
ACCUMULATED PROFIT FOR THE YEAR
Net interest income	72	57	261
Other operating income	1	-5	-13
Total operating costs	10	10	38
Profit before impairment on loans	63	42	210
Impairment on loans	-2	0	-3
Pre tax profit	65	42	213
Tax	15	10	48
Profit after tax	50	32	165

As a percentage of average assets
Net interest income	1.34	1.15	1.29
Other operating income	0.02	-0.11	-0.06
Total operating costs	0.18	0.19	0.19
Profit before impairment on loans	1.18	0.85	1.04
Impairment on loans	-0.04	0.00	-0.01
Pre tax profit	1.22	0.85	1.05
Tax	0.28	0.21	0.24
Profit after tax	0.94	0.64	0.81

Average total assets (MNOK)	21 365	19 876	20 225