Statement of income - Parent Bank

Add to My Report Print

STATEMENT OF INCOME - PARENT BANK (COMPRESSED)
(NOK million)	Q2 2020	Q2 2019	30.06.2020	30.06.2019	2019
Interest income from assets at amortised cost	270	338	631	645	1 367
Interest income from assets at fair value	49	54	122	111	245
Interest costs	121	147	294	277	605
Net interest income	198	245	459	479	1 007
Commission income and revenues from banking services	50	54	104	104	220
Commission costs and expenditure from banking services	6	6	13	13	26
Other operating income	12	9	22	18	38
Net commission and other operating income	56	57	113	109	232
Dividends	0	4	233	177	184
Net gains/losses on financial instruments	69	21	25	47	65
Net return on financial instruments	69	25	258	224	249
Total income	323	327	830	812	1 488
Wages, salaries etc.	79	85	164	167	340
Administration costs	40	36	79	74	143
Depreciation and impairment	12	13	26	26	54
Other operating costs	19	18	41	37	80
Total operating costs	150	152	310	304	617
Profit before impairment on loans	173	175	520	508	871
Impairment on loans, guarantees etc.	43	8	73	22	60
Pre-tax profit	130	167	447	486	811
Taxes	27	37	48	72	150
Profit after tax	103	130	399	414	661
Allocated to equity owners	87	125	383	406	638
Allocated to owners of Additional Tier 1 capital	16	5	16	8	23

Profit per EC (NOK) 1)	4.76	6.20	19.23	20.35	32.00
Diluted earnings per EC (NOK) 1)	4.76	6.20	19.23	20.35	32.00
Distributed dividend per EC (NOK)	14.00	15.50	14.00	15.50	15.50


STATEMENT OF COMPREHENSIVE INCOME - PARENT BANK (COMPRESSED)
(NOK million)	Q2 2020	Q2 2019	30.06.2020	30.06.2019	2019
Profit after tax	103	130	399	414	661
Items that may subsequently be reclassified to the income statement:
Basisswap spreads - changes in value	0	0	0	0	0
Tax effect of changes in value on basisswap spreads	0	0	0	0	0
Items that will not subsequently be reclassified to the income statement:
Pension estimate deviations	0	0	0	0	-29
Tax effect of pension estimate deviations	0	0	0	0	7
Total comprehensive income after tax	103	130	399	414	639
Allocated to equity owners	87	125	383	406	616
Allocated to owners of Additional Tier 1 capital	16	5	16	8	23
1) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.