Profit performance

QUARTERLY PROFIT (NOK million)	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018
Net interest income	69	70	66	66	72
Other operating income	1	-1	1	-2	1
Total operating costs	10	10	11	11	10
Profit before impairment on loans	60	59	56	53	63
Impairment on loans	-1	1	-2	3	-1
Pre tax profit	61	58	58	50	64
Tax	14	16	13	11	15
Profit after tax	47	42	45	39	49

As a percentage of average assets:
Net interest income	1.13	1.17	1.02	1.11	1.34
Other operating income	0.02	-0.01	0.01	-0.03	0.02
Total operating costs	0.17	0.17	0.16	0.20	0.18
Profit before impairment on loans	0.98	0.99	0.87	0.88	1.18
Impairment on loans	-0.01	0.01	-0.02	0.04	-0.01
Pre tax profit	0.99	0.98	0.89	0.84	1.19
Tax	0.22	0.28	0.20	0.19	0.27
Profit after tax	0.77	0.70	0.69	0.65	0.92

Average total assets (NOK million)	24 582	23 794	25 983	23 970	21 365

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.03.2019	31.03.2018	31.12.2018
Net interest income	69	72	274
Other operating income	1	1	-1
Total operating costs	10	10	42
Profit before impairment on loans	60	63	231
Impairment on loans	-1	-1	1
Pre tax profit	61	64	230
Tax	14	15	56
Profit after tax	47	49	174

As a percentage of average assets:
Net interest income	1.13	1.34	1.15
Other operating income	0.02	0.02	0.00
Total operating costs	0.17	0.18	0.18
Profit before impairment on loans	0.98	1.18	0.97
Impairment on loans	-0.01	-0.01	0.00
Pre tax profit	0.99	1.19	0.97
Tax	0.22	0.27	0.24
Profit after tax	0.77	0.92	0.73

Average total assets (NOK million)	24 582	21 365	20 225