Statement of income

STATEMENT OF INCOME
(NOK million)	Notes	Q2 2018	Q2 2017	30.06.2018	30.06.2017	2017
Interest income from assets assessed at amortised cost	2	150	128	287	256	527
Interest income from assets assessed at fair value	2	1	1	1	2	3
Interest expenses	2	85	68	150	140	269
Net interest income	2 6	66	61	138	118	261
Commission income		0	0	0	0	1
Net change in value of securities and related derivatives		-2	-6	-1	-11	-14
Wages, salaries and general administration costs		0	0	1	1	3
Other operating costs	6	11	9	20	18	35
Total operating costs		11	9	21	19	38
Profit before impairment on loans and taxes		53	46	116	88	210
Impairment on loans	3	2	0	-1	0	-3
Pre tax profit		51	46	117	88	213
Taxes		11	12	27	22	48
Profit after tax		40	34	90	66	165


STATEMENT OF COMPREHENSIVE INCOME
(NOK million)		Q2 2018	Q2 2017	30.06.2018	30.06.2017	2017
Profit after tax		40	34	90	66	165
Items that may subsequently be reclassified to the income statement:
Basisswap spreads - changes in value 1)		-4	0	-9	0	0
Tax effect of basisswap spreads		1	0	2	0	0
Total comprehensive income after tax		37	34	83	66	165
1) Changes in value on basisswaps inherent in hedging instruments, have up to 31.12.2017 been recognised in the income statement. As of 1.1.2018, changes in value on basisswaps due to changes in basisswap spreads, will be recognised in OCI as a cost of hedging.