Statement of income - Parent Bank

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STATEMENT OF INCOME - PARENT BANK
(NOK million)	Q2 2018	Q2 2017	30.06.2018	30.06.2017	2017
Interest income from assets at amortised cost	294	281	583	549	1 116
Interest income from assets at fair value	48	42	88	95	172
Interest costs	118	115	228	231	447
Net interest income	224	208	443	413	841
Commission income and revenues from banking services	53	50	102	94	195
Commission costs and expenditure from banking services	7	5	14	12	26
Other operating income	10	7	18	15	36
Net commission and other operating income	56	52	106	97	205
Dividends	1	1	154	157	158
Net gains/losses from financial instruments	26	18	30	47	60
Net return from financial instruments	27	19	184	204	218
Total income	307	279	733	714	1 264
Wages, salaries etc.	81	82	162	163	322
Administration costs	30	29	68	68	127
Depreciation and impairment	6	6	13	13	27
Other operating costs	26	24	46	46	95
Total operating costs	143	141	289	290	571
Profit before impairment on loans	164	138	444	424	693
Impairment on loans, guarantees etc.	-6	6	-2	8	16
Pre tax profit	170	132	446	416	677
Taxes	38	34	72	66	133
Profit after tax	132	98	374	350	544
Allocated to equity owners	128	98	367	350	538
Allocated to owners of Additional Tier 1 capital	4	0	7	0	6

Profit per EC (NOK) 1)	6.40	4.95	18.40	17.60	27.00
Diluted earnings per EC (NOK) 1)	6.40	4.95	18.40	17.60	27.00
Distributed dividend per EC (NOK)	0.00	14.00	0.00	14.00	14.00


STATEMENT OF COMPREHENSIVE INCOME - PARENT BANK
(NOK million)	Q2 2018	Q2 2017	30.06.2018	30.06.2017	2017
Profit after tax	132	98	374	350	544
Items that may subsequently be reclassified to the income statement:
Equities available for sale - changes in value	-	6	0	6	27
Basisswap spreads - changes in value 3)	0		0	-	-
Tax effect of changes in value on basisswap spreads	0		0	-	-
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	132	104	374	356	562
Allocated to equity owners	128	104	367	356	556
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) Change in value on the Group's basisswaps inherent in hedging instruments, has 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.