Statement of income - Group

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STATEMENT OF INCOME - GROUP (COMPRESSED)
(NOK million)	Note	Q1 2020	Q1 2019	2019
Interest income from assets at amortised cost		565	465	2 085
Interest income from assets at fair value		75	53	243
Interest expenses		298	214	1 014
Net interest income	9	342	304	1 314
Commission income and revenues from banking services		54	50	221
Commission costs and charges from banking services		7	7	26
Other operating income		6	6	24
Net commission and other operating income		53	49	219
Dividends		6	1	12
Net gains/losses on financial instruments	5	-47	27	62
Net return on financial instruments		-41	28	74
Total income		354	381	1 607
Wages, salaries etc.		89	85	354
Administration costs		39	38	143
Depreciation and impairment		13	11	50
Other operating costs		26	23	99
Total operating costs		167	157	646
Profit before impairment on loans		187	224	961
Impairment on loans, guarantees etc.	3	36	13	50
Pre-tax profit		151	211	911
Taxes		34	49	200
Profit after tax		117	162	711
Allocated to equity owners		109	159	688
Allocated to owners of Additional Tier 1 capital		8	3	23

Profit per EC (NOK) 1)		5.46	7.95	34.50
Diluted earnings per EC (NOK) 1)		5.46	7.95	34.50
Distributed dividend per EC (NOK)		0.00	0.00	15.50


STATEMENT OF COMPREHENSIVE INCOME - GROUP (COMPRESSED)
(NOK million)		Q1 2020	Q1 2019	2019
Profit after tax		117	162	711
Items that may subsequently be reclassified to the income statement:
Basisswap spreads - changes in value		6	-5	2
Tax effect of changes in value on basisswap spreads		-1	1	0
Items that will not subsequently be reclassified to the income statement:
Pension estimate deviations		0	0	-29
Tax effect of pension estimate deviations		0	0	7
Total comprehensive income after tax		122	158	691
Allocated to equity owners		114	155	668
Allocated to owners of Additional Tier 1 capital		8	3	23
1) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.