Profit performance

QUARTERLY PROFIT (NOK million)	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Net interest income	70	57	53	60	67
Other operating income	-4	-14	-17	22	-5
Total operating expenses	15	15	13	16	14
Profit before impairment on loans	51	28	23	66	48
Impairment on loans	-2	0	3	-2	0
Pre-tax profit	53	28	20	68	48
Taxes	12	6	4	16	10
Profit after tax	41	22	16	52	38

As a percentage of average assets:
Net interest income	0.79	0.64	0.62	0.67	0.83
Other operating income	-0.05	-0.15	-0.20	0.24	-0.06
Total operating expenses	0.17	0.17	0.16	0.18	0.17
Profit before impairment on loans	0.57	0.32	0.26	0.73	0.60
Impairment on loans	-0.02	0.00	0.02	-0.02	0.00
Pre-tax profit	0.59	0.32	0.24	0.75	0.60
Taxes	0.13	0.07	0.06	0.16	0.13
Profit after tax	0.46	0.25	0.18	0.59	0.47

Average total assets (NOK million)	35 808	35 468	34 663	35 985	31 981

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.03.2024	31.03.2023	31.12.2023
Net interest income	70	67	237
Other operating income	-4	-5	-14
Total operating expenses	15	14	58
Profit before impairment on loans	51	48	165
Impairment on loans	-2	0	1
Pre-tax profit	53	48	164
Taxes	12	10	36
Profit after tax	41	38	128

As a percentage of average assets:
Net interest income	0.79	0.83	0.69
Other operating income	-0.05	-0.06	-0.04
Total operating expenses	0.17	0.17	0.17
Profit before impairment on loans	0.57	0.60	0.48
Impairment on loans	-0.02	0.00	0.00
Pre-tax profit	0.59	0.60	0.48
Taxes	0.13	0.13	0.11
Profit after tax	0.46	0.47	0.37

Average total assets (NOK million)	35 808	31 981	34 524