Statement of income

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STATEMENT OF INCOME - GROUP (COMPRESSED)
(NOK million)	Note	Q1 2022	Q1 2021	2021
Interest income from assets at amortised cost		458	384	1 583
Interest income from assets at fair value		56	36	140
Interest expenses		180	116	457
Net interest income	3	334	304	1 266
Commission income and revenues from banking services		56	53	226
Commission expenses and charges from banking services		8	10	34
Other operating income		7	6	26
Net commission and other operating income	7	55	49	218
Dividends		0	1	3
Net change in value of financial instruments		-2	33	40
Net result from financial instruments	7	-2	34	43
Total other income	7	53	83	261
Total income		387	387	1 527
Salaries, wages etc.		105	86	360
Depreciation and impairment of non-financial assets		11	12	45
Other operating expenses		62	57	240
Total operating expenses	8	178	155	645
Profit before impairment on loans		209	232	882
Impairment on loans, guarantees etc.	5	0	14	49
Pre-tax profit		209	218	833
Taxes		46	48	191
Profit after tax		163	170	642
Allocated to equity owners		157	164	619
Allocated to owners of Additional Tier 1 capital		6	6	23

Profit per EC (NOK) 1)		7.85	8.26	31.10
Diluted earnings per EC (NOK) 1)		7.85	8.26	31.10
Distributed dividend per EC (NOK)		0.00	0.00	13.50


STATEMENT OF COMPREHENSIVE INCOME - GROUP (COMPRESSED)
(NOK million)		Q1 2022	Q1 2021	2021
Profit after tax		163	170	642
Items that may subsequently be reclassified to the income statement:
Basisswap spreads - changes in value		30	-9	3
Tax effect of changes in value on basisswap spreads		-7	2	-1
Items that will not 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		186	163	653
Allocated to equity owners		180	157	630
Allocated to owners of Additional Tier 1 capital		6	6	23
1) Calculated using the EC-holders' share (49.7 %) of the period's profit to be allocated to equity owners.