Profit performance

QUARTERLY PROFIT (NOK million)	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019
Net interest income	69	81	82	80	77
Other operating income	4	-5	-4	2	-2
Total operating costs	14	12	12	10	13
Profit before impairment on loans	59	64	66	72	62
Impairment on loans	0	3	1	-10	-1
Pre tax profit	59	61	65	82	63
Tax	13	13	4	18	13
Profit after tax	46	48	61	64	50

As a percentage of average assets:
Net interest income	0.93	1.24	1.21	1.28	1.21
Other operating income	0.05	-0.07	-0.07	0.03	-0.03
Total operating costs	0.18	0.18	0.17	0.16	0.20
Profit before impairment on loans	0.80	0.99	0.97	1.15	0.98
Impairment on loans	0.00	0.05	0.01	-0.16	-0.02
Pre tax profit	0.80	0.94	0.96	1.31	1.00
Tax	0.17	0.20	0.06	0.29	0.22
Profit after tax	0.63	0.74	0.90	1.02	0.78

Average total assets (NOK million)	29 473	26 293	25 223	25 142	24 582

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.06.2020	30.06.2019	31.12.2019
Net interest income	150	146	308
Other operating income	-1	-1	-3
Total operating costs	26	23	45
Profit before impairment on loans	123	122	260
Impairment on loans	3	-2	-11
Pre tax profit	120	124	271
Tax	26	27	49
Profit after tax	94	97	222

As a percentage of average assets:
Net interest income	1.07	1.17	1.21
Other operating income	-0.01	-0.01	-0.01
Total operating costs	0.18	0.19	0.18
Profit before impairment on loans	0.88	0.97	1.02
Impairment on loans	0.02	-0.02	-0.04
Pre tax profit	0.86	0.99	1.06
Tax	0.19	0.22	0.19
Profit after tax	0.67	0.77	0.87

Average total assets (NOK million)	27 883	24 862	25 460