STATEMENT OF INCOME - compressed | | | | |
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(NOK million) | Notes | Q1 2019 | Q1 2018 | 2018 |
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Interest income from assets assessed at amortised cost | 2 | 164 | 137 | 599 |
Interest income from assets assessed at fair value | 2 | 1 | 0 | 4 |
Interest expenses | 2 | 96 | 65 | 329 |
Net interest income | 2 6 | 69 | 72 | 274 |
Commission income | | 0 | 0 | 0 |
Net change in value of securities and related derivatives | | 1 | 1 | -1 |
Wages, salaries and general administration costs | | 1 | 1 | 3 |
Other operating costs | 6 | 9 | 9 | 39 |
Total operating costs | | 10 | 10 | 42 |
Profit before impairment on loans and taxes | | 60 | 63 | 231 |
Impairment on loans | 3 | -1 | -1 | 1 |
Pre-tax profit | | 61 | 64 | 230 |
Taxes | | 14 | 15 | 56 |
Profit after tax | | 47 | 49 | 174 |
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STATEMENT OF COMPREHENSIVE INCOME - compressed | | | | |
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(NOK million) | | Q1 2019 | Q1 2018 | 2018 |
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Profit after tax | | 47 | 49 | 174 |
Items that may subsequently be reclassified to the income statement: | | | | |
Basis swap spreads - changes in value | | -4 | -5 | -17 |
Tax effect of basis swap spreads | | 1 | 1 | 4 |
Total comprehensive income for the period | | 44 | 45 | 161 |