Profit performance

QUARTERLY PROFIT (NOK million)	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020
Net interest income	88	95	101	69	81
Other operating income	1	0	0	4	-5
Total operating costs	13	12	12	14	12
Profit before impairment on loans	76	83	89	59	64
Impairment on loans	0	-1	-1	0	3
Pre tax profit	76	84	90	59	61
Tax	17	18	20	13	13
Profit after tax	59	66	70	46	48

As a percentage of average assets:
Net interest income	1.16	1.31	1.32	0.93	1.24
Other operating income	0.02	0.00	0.00	0.05	-0.07
Total operating costs	0.18	0.17	0.16	0.18	0.18
Profit before impairment on loans	1.00	1.14	1.16	0.80	0.99
Impairment on loans	0.00	-0.02	-0.01	0.00	0.05
Pre tax profit	1.00	1.16	1.17	0.80	0.94
Tax	0.22	0.26	0.26	0.17	0.20
Profit after tax	0.78	0.90	0.91	0.63	0.74

Average total assets (NOK million)	30 249	29 043	30 443	29 473	26 293

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.03.2021	31.03.2020	31.12.2020
Net interest income	88	81	345
Other operating income	1	-5	-1
Total operating costs	13	12	49
Profit before impairment on loans	76	64	295
Impairment on loans	0	3	1
Pre tax profit	76	61	294
Tax	17	13	64
Profit after tax	59	48	230

As a percentage of average assets:
Net interest income	1.16	1.24	1.20
Other operating income	0.02	-0.07	0.00
Total operating costs	0.18	0.18	0.17
Profit before impairment on loans	1.00	0.99	1.03
Impairment on loans	0.00	0.05	0.00
Pre tax profit	1.00	0.94	1.03
Tax	0.22	0.20	0.22
Profit after tax	0.78	0.74	0.81

Average total assets (NOK million)	30 249	26 293	28 813