Profit performance

QUARTERLY PROFIT (NOK million)	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019
Net interest income	101	69	81	82	80
Other operating income	0	4	-5	-4	2
Total operating costs	12	14	12	12	10
Profit before impairment on loans	89	59	64	66	72
Impairment on loans	-1	0	3	1	-10
Pre tax profit	90	59	61	65	82
Tax	20	13	13	4	18
Profit after tax	70	46	48	61	64

As a percentage of average assets:
Net interest income	1.32	0.93	1.24	1.21	1.28
Other operating income	0.00	0.05	-0.07	-0.07	0.03
Total operating costs	0.16	0.18	0.18	0.17	0.16
Profit before impairment on loans	1.16	0.80	0.99	0.97	1.15
Impairment on loans	-0.01	0.00	0.05	0.01	-0.16
Pre tax profit	1.17	0.80	0.94	0.96	1.31
Tax	0.26	0.17	0.20	0.06	0.29
Profit after tax	0.91	0.63	0.74	0.90	1.02

Average total assets (NOK million)	30 443	29 473	26 293	26 891	25 223

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.09.2020	30.09.2019	31.12.2019
Net interest income	250	226	308
Other operating income	-1	1	-3
Total operating costs	37	33	45
Profit before impairment on loans	212	194	260
Impairment on loans	2	-12	-11
Pre tax profit	210	206	271
Tax	46	45	49
Profit after tax	164	161	222

As a percentage of average assets:
Net interest income	1.16	1.21	1.21
Other operating income	-0.01	0.01	-0.01
Total operating costs	0.17	0.18	0.18
Profit before impairment on loans	0.98	1.04	1.02
Impairment on loans	0.01	-0.06	-0.04
Pre tax profit	0.97	1.10	1.06
Tax	0.21	0.24	0.19
Profit after tax	0.76	0.86	0.87

Average total assets (NOK million)	28 736	24 982	25 460