Statement of income - Group

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STATEMENT OF INCOME - GROUP
(NOK million)	Note	Q2 2018	Q2 2017	30.06.2018	30.06.2017	2017
Interest income from assets at amortised cost		441	394	859	792	1 612
Interest income from assets at fair value		40	47	80	87	175
Interest expenses		190	173	359	350	687
Net interest income	9	291	268	580	529	1 100
Commission income and revenues from banking services		53	50	102	94	196
Commission costs and charges from banking services		7	5	14	12	26
Other operating income		6	5	11	10	24
Net commission and other operating income		52	50	99	92	194
Dividends		2	0	3	1	2
Net gains/losses from financial instruments	5	24	13	29	36	46
Net return from financial instruments		26	13	32	37	48
Total income		369	331	711	658	1 342
Wages, salaries etc.		85	85	169	170	335
Administration costs		30	33	68	68	128
Depreciation and impairment		8	8	15	16	31
Other operating costs		27	25	47	47	96
Total operating costs		150	151	299	301	590
Profit before impairment on loans		219	180	412	357	752
Impairment on loans, guarantees etc.	3	-5	6	-3	8	13
Pre tax profit		224	174	415	349	739
Taxes		50	44	100	88	182
Profit after tax		174	130	315	261	557
Allocated to equity owners		170	130	308	261	551
Allocated to owners of Additional Tier 1 capital		4	0	7	0	6

Profit per EC (NOK) 1)		8.50	6.50	15.45	13.10	27.70
Diluted earnings per EC (NOK) 1)		8.50	6.50	15.45	13.10	27.70
Distributed dividend per EC (NOK)		0.00	14.00	0.00	14.00	14.00


STATEMENT OF COMPREHENSIVE INCOME - GROUP
(NOK million)		Q2 2018	Q2 2017	30.06.2018	30.06.2017	2017
Profit after tax		174	130	315	261	557
Items that may subsequently be reclassified to the income statement:
Equities available for sale - changes in value 2)			6		6	27
Basisswap spreads - changes in value 3)		-3		-8
Tax effect of changes in value on basisswap spreads		1		2
Items that will not subsequently be reclassified to the income statement:
Pension estimate deviations		0	0	0	0	-12
Tax effect of pension estimate deviations		0	0	0	0	3
Total comprehensive income after tax		172	136	309	267	575
Allocated to equity owners		168	136	302	267	569
Allocated to owners of Additional Tier 1 capital		4	0	7	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 01.01.2018, changes in value on basisswaps due to changes in basisswap spreads, will be recognised in OCI as a cost of hedging.