Profit performance

(MNOK)	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016
QUARTERLY PROFIT
Net interest income	75	68	61	57	59
Other operating income	1	-3	-6	-5	-6
Total operating costs	10	9	9	10	8
Profit before impairment on loans	66	56	46	42	45
Impairment on loans	-3	0	0	0	1
Pre tax profit	69	56	46	42	44
Tax	12	14	12	10	11
Profit after tax	57	42	34	32	33

As a percentage of average assets
Net interest income	1.43	1.34	1.23	1.15	1.23
Other operating income	0.02	-0.06	-0.11	-0.11	-0.14
Total operating costs	0.18	0.18	0.20	0.19	0.18
Profit before impairment on loans	1.27	1.10	0.92	0.85	0.91
Impairment on loans	-0.06	0.00	0.00	0.00	0.02
Pre tax profit	1.33	1.10	0.92	0.85	0.89
Tax	0.23	0.28	0.23	0.21	0.23
Profit after tax	1.10	0.82	0.69	0.64	0.66

Average total assets (MNOK)	20 910	20 565	19 545	19 876	19 164

(MNOK)	31.12.2017	31.12.2016
ACCUMULATED PROFIT FOR THE YEAR
Net interest income	261	242
Other operating income	-13	0
Total operating costs	38	33
Profit before impairment on loans	210	209
Impairment on loans	-3	1
Pre tax profit	213	208
Tax	48	52
Profit after tax	165	156

As a percentage of average assets
Net interest income	1.29	1.33
Other operating income	-0.06	0.00
Total operating costs	0.19	0.18
Profit before impairment on loans	1.04	1.15
Impairment on loans	-0.01	0.01
Pre tax profit	1.05	1.14
Tax	0.24	0.29
Profit after tax	0.81	0.85

Average total assets (MNOK)	20 225	18 207