STATEMENT OF INCOME - compressed | | | | |
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(NOK million) | Notes | Q1 2020 | Q1 2019 | 2019 |
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Interest income from assets assessed at amortised cost | 2 | 213 | 164 | 757 |
Interest income from assets assessed at fair value | 2 | 2 | 1 | 7 |
Interest expenses | 2 | 134 | 96 | 456 |
Net interest income | 2 6 | 81 | 69 | 308 |
Commission income | | 0 | 0 | 1 |
Net change in value of securities and related derivatives | | -5 | 1 | -4 |
Total income | | 76 | 70 | 305 |
Wages, salaries and general administration costs | | 1 | 1 | 3 |
Other operating costs | 6 | 11 | 9 | 42 |
Total operating costs | | 12 | 10 | 45 |
Profit before impairment on loans and taxes | | 64 | 60 | 260 |
Impairment on loans | 3 | 3 | -1 | -11 |
Pre-tax profit | | 61 | 61 | 271 |
Taxes | | 13 | 14 | 49 |
Profit after tax | | 48 | 47 | 222 |
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STATEMENT OF COMPREHENSIVE INCOME - compressed | | | | |
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(NOK million) | | Q1 2020 | Q1 2019 | 2019 |
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Profit after tax | | 48 | 47 | 222 |
Items that may subsequently be reclassified to the income statement: | | | | |
Basis swap spreads - changes in value | | 6 | -4 | 2 |
Tax effect of basis swap spreads | | -1 | 1 | 0 |
Total comprehensive income for the period | | 52 | 44 | 224 |