Profit performance

QUARTERLY PROFIT (NOK million)	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Net interest income	56	66	65	76	86
Other operating income	-22	-5	-5	3	-12
Total operating costs	13	11	14	13	12
Profit before impairment on loans	21	50	46	66	62
Impairment on loans	1	0	4	1	0
Pre tax profit	20	50	42	65	62
Tax	4	11	10	14	13
Profit after tax	16	39	32	51	49

As a percentage of average assets:
Net interest income	0.73	0.90	0.83	1.01	1.11
Other operating income	-0.29	-0.06	-0.06	0.03	-0.15
Total operating costs	0.17	0.15	0.18	0.17	0.16
Profit before impairment on loans	0.27	0.69	0.59	0.87	0.80
Impairment on loans	0.00	0.00	0.06	0.01	0.00
Pre tax profit	0.27	0.69	0.53	0.86	0.80
Tax	0.07	0.15	0.12	0.19	0.18
Profit after tax	0.20	0.54	0.41	0.67	0.62

Average total assets (NOK million)	30 654	29 263	31 520	30 204	30 766

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.12.2022	31.12.2021
Net interest income	263	360
Other operating income	-29	-3
Total operating costs	51	51
Profit before impairment on loans	183	306
Impairment on loans	6	0
Pre tax profit	177	306
Tax	39	67
Profit after tax	138	239

As a percentage of average assets:
Net interest income	0.87	1.16
Other operating income	-0.10	-0.01
Total operating costs	0.17	0.17
Profit before impairment on loans	0.60	0.99
Impairment on loans	0.02	0.00
Pre tax profit	0.58	0.99
Tax	0.13	0.22
Profit after tax	0.45	0.77

Average total assets (NOK million)	30 410	30 922