Profit performance

QUARTERLY PROFIT (NOK million)	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Net interest income	67	56	66	65	76
Other operating income	-5	-22	-5	-5	3
Total operating expenses	14	13	11	14	13
Profit before impairment on loans	48	21	50	46	66
Impairment on loans	0	1	0	4	1
Pre-tax profit	48	20	50	42	65
Taxes	10	4	11	10	14
Profit after tax	38	16	39	32	51

As a percentage of average assets:
Net interest income	0.83	0.73	0.90	0.83	1.01
Other operating income	-0.06	-0.29	-0.06	-0.06	0.03
Total operating expenses	0.17	0.17	0.15	0.18	0.17
Profit before impairment on loans	0.60	0.27	0.69	0.59	0.87
Impairment on loans	0.00	0.00	0.00	0.06	0.01
Pre-tax profit	0.60	0.27	0.69	0.53	0.86
Taxes	0.13	0.07	0.15	0.12	0.19
Profit after tax	0.47	0.20	0.54	0.41	0.67

Average total assets (NOK million)	31 981	30 654	29 263	31 520	30 204

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.03.2023	31.03.2022	31.12.2022
Net interest income	67	76	263
Other operating income	-5	3	-29
Total operating expenses	14	13	51
Profit before impairment on loans	48	66	183
Impairment on loans	0	1	6
Pre-tax profit	48	65	177
Taxes	10	14	39
Profit after tax	38	51	138

As a percentage of average assets:
Net interest income	0.83	1.01	0.87
Other operating income	-0.06	0.03	-0.10
Total operating expenses	0.17	0.17	0.17
Profit before impairment on loans	0.60	0.87	0.60
Impairment on loans	0.00	0.01	0.02
Pre-tax profit	0.60	0.86	0.58
Taxes	0.13	0.19	0.13
Profit after tax	0.47	0.67	0.45

Average total assets (NOK million)	31 981	30 204	30 410