Profit performance

QUARTERLY PROFIT (NOK million)	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Net interest income	57	53	60	67	56
Other operating income	-14	-17	22	-5	-22
Total operating expenses	15	13	16	14	13
Profit before impairment on loans	28	23	66	48	21
Impairment on loans	0	3	-2	0	1
Pre-tax profit	28	20	68	48	20
Taxes	6	4	16	10	4
Profit after tax	22	16	52	38	16

As a percentage of average assets:
Net interest income	0.64	0.62	0.67	0.83	0.73
Other operating income	-0.15	-0.20	0.24	-0.06	-0.29
Total operating expenses	0.17	0.16	0.18	0.17	0.17
Profit before impairment on loans	0.32	0.26	0.73	0.60	0.27
Impairment on loans	0.00	0.02	-0.02	0.00	0.00
Pre-tax profit	0.32	0.24	0.75	0.60	0.27
Taxes	0.07	0.06	0.16	0.13	0.07
Profit after tax	0.25	0.18	0.59	0.47	0.20

Average total assets (NOK million)	35 468	34 663	35 985	31 981	30 654

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.12.2023	31.12.2022
Net interest income	237	263
Other operating income	-14	-29
Total operating expenses	58	51
Profit before impairment on loans	165	183
Impairment on loans	1	6
Pre-tax profit	164	177
Taxes	36	39
Profit after tax	128	138

As a percentage of average assets:
Net interest income	0.69	0.87
Other operating income	-0.04	-0.10
Total operating expenses	0.17	0.17
Profit before impairment on loans	0.48	0.60
Impairment on loans	0.00	0.02
Pre-tax profit	0.48	0.58
Taxes	0.11	0.13
Profit after tax	0.37	0.45

Average total assets (NOK million)	34 524	30 410