Profit performance

QUARTERLY PROFIT (NOK million)	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Net interest income	65	76	86	96	90
Other operating income	-5	3	-12	5	3
Total operating costs	14	13	12	12	14
Profit before impairment on loans	46	66	62	89	79
Impairment on loans	4	1	0	0	0
Pre tax profit	42	65	62	89	79
Tax	10	14	13	20	17
Profit after tax	32	51	49	69	62

As a percentage of average assets:
Net interest income	0.83	1.01	1.11	1.22	1.16
Other operating income	-0.06	0.03	-0.15	0.07	0.03
Total operating costs	0.18	0.17	0.16	0.16	0.17
Profit before impairment on loans	0.59	0.87	0.80	1.13	1.02
Impairment on loans	0.06	0.01	0.00	0.00	0.01
Pre tax profit	0.53	0.86	0.80	1.13	1.01
Tax	0.12	0.19	0.18	0.25	0.22
Profit after tax	0.41	0.67	0.62	0.88	0.79

Average total assets (NOK million)	31 520	30 204	30 766	31 444	31 230

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.06.2022	30.06.2021	31.12.2021
Net interest income	141	178	360
Other operating income	-2	4	-3
Total operating costs	27	27	51
Profit before impairment on loans	112	155	306
Impairment on loans	5	0	0
Pre tax profit	107	155	306
Tax	24	34	67
Profit after tax	83	121	239

As a percentage of average assets:
Net interest income	0.92	1.16	1.16
Other operating income	-0.02	0.02	-0.01
Total operating costs	0.18	0.17	0.17
Profit before impairment on loans	0.72	1.01	0.99
Impairment on loans	0.03	0.00	0.00
Pre tax profit	0.69	1.01	0.99
Tax	0.15	0.22	0.22
Profit after tax	0.54	0.79	0.77

Average total assets (NOK million)	30 862	30 740	30 922