Profit performance

QUARTERLY PROFIT (NOK million)	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Net interest income	76	86	96	90	88
Other operating income	3	-12	5	3	1
Total operating costs	13	12	12	14	13
Profit before impairment on loans	66	62	89	79	76
Impairment on loans	1	0	0	0	0
Pre tax profit	65	62	89	79	76
Tax	14	13	20	17	17
Profit after tax	51	49	69	62	59

As a percentage of average assets:
Net interest income	1.01	1.11	1.22	1.16	1.16
Other operating income	0.03	-0.15	0.07	0.03	0.02
Total operating costs	0.17	0.16	0.16	0.17	0.18
Profit before impairment on loans	0.87	0.80	1.13	1.02	1.00
Impairment on loans	0.01	0.00	0.00	0.01	0.00
Pre tax profit	0.86	0.80	1.13	1.01	1.00
Tax	0.19	0.18	0.25	0.22	0.22
Profit after tax	0.67	0.62	0.88	0.79	0.78

Average total assets (NOK million)	30 204	30 766	31 444	31 230	30 249

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.03.2022	31.03.2021	31.12.2021
Net interest income	76	88	360
Other operating income	3	1	-3
Total operating costs	13	13	51
Profit before impairment on loans	66	76	306
Impairment on loans	1	0	0
Pre tax profit	65	76	306
Tax	14	17	67
Profit after tax	51	59	239

As a percentage of average assets:
Net interest income	1.01	1.16	1.16
Other operating income	0.03	0.02	-0.01
Total operating costs	0.17	0.18	0.17
Profit before impairment on loans	0.87	1.00	0.99
Impairment on loans	0.01	0.00	0.00
Pre tax profit	0.86	1.00	0.99
Tax	0.19	0.22	0.22
Profit after tax	0.67	0.78	0.77

Average total assets (NOK million)	30 204	30 249	30 922