Profit performance

QUARTERLY PROFIT (NOK million)	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017
Net interest income	66	72	75	68	61
Other operating income	-2	1	1	-3	-6
Total operating costs	11	10	10	9	9
Profit before impairment on loans	53	63	66	56	46
Impairment on loans	2	-2	-3	0	0
Pre tax profit	51	65	69	56	46
Tax	11	15	12	14	12
Profit after tax	40	50	57	42	34

As a percentage of average assets:
Net interest income	1.11	1.34	1.43	1.34	1.23
Other operating income	-0.03	0.02	0.02	-0.06	-0.11
Total operating costs	0.20	0.18	0.18	0.18	0.20
Profit before impairment on loans	0.88	1.18	1.27	1.10	0.92
Impairment on loans	0.03	-0.04	-0.06	0.00	0.00
Pre tax profit	0.85	1.22	1.33	1.10	0.92
Tax	0.20	0.28	0.23	0.28	0.23
Profit after tax	0.65	0.94	1.10	0.82	0.69

Average total assets (NOK million)	23 970	21 365	20 910	20 565	19 545

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.06.2018	30.06.2017	31.12.2017
Net interest income	138	118	261
Other operating income	-1	-11	-13
Total operating costs	21	19	38
Profit before impairment on loans	116	88	210
Impairment on loans	-1	0	-3
Pre tax profit	117	88	213
Tax	27	22	48
Profit after tax	90	66	165

As a percentage of average assets:
Net interest income	1.21	1.19	1.29
Other operating income	-0.01	-0.11	-0.06
Total operating costs	0.19	0.19	0.19
Profit before impairment on loans	1.01	0.89	1.04
Impairment on loans	-0.01	0.00	-0.01
Pre tax profit	1.02	0.89	1.05
Tax	0.24	0.22	0.24
Profit after tax	0.78	0.67	0.81

Average total assets (NOK million)	22 780	19 710	20 225