Statement of income - Group

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Amounts in NOK million	Note	Q1 2018	Q1 2017	2017
STATEMENT OF INCOME - GROUP
Interest income from assets assessed at amortised cost		418	383	1 612
Interest income from assets assessed at fair value		40	55	175
Interest expenses		169	177	687
Net interest income	9	289	261	1 100
Commission income and revenues from banking services		49	44	196
Commission costs and expenditure from banking services		7	7	26
Other operating income		5	5	24
Net commission and other operating income		47	42	194
Dividends		1	1	2
Net gains/losses from financial instruments	5	5	23	46
Net return from financial instruments		6	24	48
Total income		342	327	1 342
Wages, salaries etc.		84	85	335
Administration costs		38	35	128
Depreciation and impairment		7	8	31
Other operating costs		20	22	96
Total operating costs		149	150	590
Profit before impairment on loans		193	177	752
Impairment on loans, guarantees etc.	3	2	2	13
Pre tax profit		191	175	739
Taxes		50	44	182
Profit after tax		141	131	557
Allocated to equity owners		138	131	551
Allocated to owners of Additional Tier 1 capital		3	0	6

Profit per EC (NOK) 1)		7.00	6.55	27.70
Diluted earnings per EC (NOK) 1)		7.00	6.55	27.70
Distributed dividend per EC (NOK)		0.00	0.00	14.00


STATEMENT OF COMPREHENSIVE INCOME - GROUP
Amounts in NOK million		Q1 2018	Q1 2017	2017
Profit after tax		141	131	557
Items that may subsequently be reclassified to the income statement:
Equities available for sale - changes in value 2)			0	27
Basisswap spreads - changes in value 3)		-5
Tax effect of changes in value on basisswap spreads		1
Items that will not subsequently be reclassified to the income statement:
Pension estimate deviations		0	0	-12
Tax effect of pension estimate deviations		0	0	3
Total comprehensive income after tax		137	131	575
Allocated to equity owners		134	131	569
Allocated to owners of Additional Tier 1 capital		3	0	6
1) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.
2) The category Available for sale does not exist in IFRS 9. Shares and other securities are as of 1 January 2018 assessed at fair value with any changes in value recognised in the income statement under Net gains/losses from financial instruments.
3) Changes in value on the Group's basisswaps inherent in hedging instruments, have up to 31.12.2017 been recognised in the income statement. As of 1.1.2018, changes in value on basisswaps due to changes in basisswap spreads, will be recognised in OCI as a cost of hedging.