Statement of income - Group

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STATEMENT OF INCOME - GROUP (COMPRESSED)
(NOK million)	Note	Q1 2021	Q1 2020	2020
Interest income from assets at amortised cost		384	565	1 762
Interest income from assets at fair value		36	75	192
Interest expenses		115	298	726
Net interest income	3	305	342	1 228
Commission income and revenues from banking services		53	54	210
Commission expenses and charges from banking services		8	7	26
Other operating income		6	6	27
Net commission and other operating income	7	51	53	211
Dividends		1	6	22
Net change in value of financial instruments		33	-47	52
Net result from financial instruments	7	34	-41	74
Total other income		85	12	285
Total income	7	390	354	1 513
Salaries, wages etc.		83	89	332
Depreciation and impairment of non-financial assets		12	13	46
Other operating expenses		63	65	252
Total operating expenses	8	158	167	630
Profit before impairment on loans		232	187	883
Impairment on loans, guarantees etc.	5	14	36	149
Pre-tax profit		218	151	734
Taxes		48	34	167
Profit after tax		170	117	567
Allocated to equity owners		164	109	540
Allocated to owners of Additional Tier 1 capital		6	8	27

Profit per EC (NOK) 1)		8.26	5.46	27.10
Diluted earnings per EC (NOK) 1)		8.26	5.46	27.10
Distributed dividend per EC (NOK)		0.00	0.00	14.00


STATEMENT OF COMPREHENSIVE INCOME - GROUP (COMPRESSED)
(NOK million)		Q1 2021	Q1 2020	2020
Profit after tax		170	117	567
Items that may subsequently be reclassified to the income statement:
Basisswap spreads - changes in value		-9	6	3
Tax effect of changes in value on basisswap spreads		2	-1	-1
Items that will not subsequently be reclassified to the income statement:
Pension estimate deviations		0	0	-36
Tax effect of pension estimate deviations		0	0	9
Total comprehensive income after tax		163	122	542
Allocated to equity owners		157	114	515
Allocated to owners of Additional Tier 1 capital		6	8	27
1) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.