Profit performance

QUARTERLY PROFIT (NOK million)	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019
Net interest income	81	82	80	77	69
Other operating income	-5	-4	2	-2	1
Total operating costs	12	12	10	13	10
Profit before impairment on loans	64	66	72	62	60
Impairment on loans	3	1	-10	-1	-1
Pre tax profit	61	65	82	63	61
Tax	13	4	18	13	14
Profit after tax	48	61	64	50	47

As a percentage of average assets:
Net interest income	1.24	1.22	1.28	1.21	1.13
Other operating income	-0.07	-0.06	0.03	-0.03	0.02
Total operating costs	0.18	0.18	0.16	0.20	0.17
Profit before impairment on loans	0.99	0.98	1.15	0.98	0.98
Impairment on loans	0.05	0.01	-0.16	-0.02	-0.01
Pre tax profit	0.94	0.97	1.31	1.00	0.99
Tax	0.20	0.06	0.29	0.22	0.22
Profit after tax	0.74	0.91	1.02	0.78	0.77

Average total assets (NOK million)	26 293	26 891	25 223	25 142	24 582

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.03.2020	31.03.2019	31.12.2019
Net interest income	81	69	308
Other operating income	-5	1	-3
Total operating costs	12	10	45
Profit before impairment on loans	64	60	260
Impairment on loans	3	-1	-11
Pre tax profit	61	61	271
Tax	13	14	49
Profit after tax	48	47	222

As a percentage of average assets:
Net interest income	1.24	1.13	1.21
Other operating income	-0.07	0.02	-0.01
Total operating costs	0.18	0.17	0.18
Profit before impairment on loans	0.99	0.98	1.02
Impairment on loans	0.05	-0.01	-0.04
Pre tax profit	0.94	0.99	1.06
Tax	0.20	0.22	0.19
Profit after tax	0.74	0.77	0.87

Average total assets (NOK million)	26 293	24 582	25 460