Profit performance

QUARTERLY PROFIT (NOK million)	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Net interest income	86	96	90	88	95
Other operating income	-12	5	3	1	0
Total operating costs	12	12	14	13	12
Profit before impairment on loans	62	89	79	76	83
Impairment on loans	0	0	0	0	-1
Pre tax profit	62	89	79	76	84
Tax	13	20	17	17	18
Profit after tax	49	69	62	59	66.0

As a percentage of average assets:
Net interest income	1.11	1.22	1.16	1.16	1.31
Other operating income	-0.15	0.07	0.03	0.02	0.00
Total operating costs	0.16	0.16	0.17	0.18	0.17
Profit before impairment on loans	0.80	1.13	1.02	1.00	1.14
Impairment on loans	0.00	0.00	0.01	0.00	-0.02
Pre tax profit	0.80	1.13	1.01	1.00	1.16
Tax	0.18	0.25	0.22	0.22	0.26
Profit after tax	0.62	0.88	0.79	0.78	0.90

Average total assets (NOK million)	30 766	31 444	31 230	30 249	29 043

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.12.2021	31.12.2020
Net interest income	360	345
Other operating income	-3	-1
Total operating costs	51	49
Profit before impairment on loans	306	295
Impairment on loans	0	1
Pre tax profit	306	294
Tax	67	64
Profit after tax	239	230

As a percentage of average assets:
Net interest income	1.16	1.20
Other operating income	-0.01	0.00
Total operating costs	0.17	0.17
Profit before impairment on loans	0.99	1.03
Impairment on loans	0.00	0.00
Pre tax profit	0.99	1.03
Tax	0.22	0.22
Profit after tax	0.77	0.81

Average total assets (NOK million)	30 922	28 813