Profit performance

QUARTERLY PROFIT (NOK million)	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018
Net interest income	77	69	70	66	66
Other operating income	-2	1	-1	1	-2
Total operating costs	13	10	10	11	11
Profit before impairment on loans	62	60	59	56	53
Impairment on loans	-1	-1	1	-2	2
Pre tax profit	63	61	58	58	51
Tax	13	14	16	13	11
Profit after tax	50	47	42	45	40

As a percentage of average assets:
Net interest income	1.21	1.13	1.17	1.02	1.11
Other operating income	-0.03	0.02	-0.01	0.01	-0.03
Total operating costs	0.20	0.17	0.17	0.16	0.20
Profit before impairment on loans	0.98	0.98	0.99	0.87	0.88
Impairment on loans	-0.02	-0.01	0.01	-0.02	0.02
Pre tax profit	1.00	0.99	0.98	0.89	0.86
Tax	0.22	0.22	0.28	0.20	0.20
Profit after tax	0.78	0.77	0.70	0.69	0.66

Average total assets (NOK million)	25 142	24 582	23 794	25 983	23 970

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.06.2019	30.06.2018	31.12.2018
Net interest income	146	138	274
Other operating income	-1	-1	-1
Total operating costs	23	21	42
Profit before impairment on loans	122	116	231
Impairment on loans	-2	1	1
Pre tax profit	124	115	230
Tax	27	26	56
Profit after tax	97	89	174

As a percentage of average assets:
Net interest income	1.17	1.21	1.15
Other operating income	-0.01	-0.01	0.00
Total operating costs	0.19	0.19	0.18
Profit before impairment on loans	0.97	1.01	0.97
Impairment on loans	-0.02	0.01	0.00
Pre tax profit	0.99	1.00	0.97
Tax	0.22	0.23	0.24
Profit after tax	0.77	0.77	0.73

Average total assets (NOK million)	24 862	22 780	20 225