STATEMENT OF INCOME - GROUP (COMPRESSED) | | | | | | |
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(NOK million) | Note | Q2 2024 | Q2 2023 | 30.06.2024 | 30.06.2023 | 2023 |
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Interest income from assets at amortised cost | | 1 271 | 989 | 2 520 | 1 877 | 4 221 |
Interest income from assets at fair value | | 205 | 163 | 413 | 307 | 695 |
Interest expenses | | 958 | 690 | 1 907 | 1 277 | 3 016 |
Net interest income | 3 | 518 | 462 | 1 026 | 907 | 1 900 |
Commission income and revenues from banking services | | 64 | 61 | 120 | 118 | 258 |
Commission expenses and charges from banking services | | 10 | 9 | 20 | 19 | 42 |
Other operating income | | 16 | 8 | 24 | 16 | 34 |
Net commission and other operating income | 7 | 70 | 60 | 124 | 115 | 250 |
Dividends | | 0 | 1 | 4 | 1 | 1 |
Net change in value of financial instruments | | 20 | 20 | 32 | 20 | 44 |
Net result from financial instruments | 7 | 20 | 21 | 36 | 21 | 45 |
Total other income | 7 | 90 | 81 | 160 | 136 | 295 |
Total income | | 608 | 543 | 1 186 | 1 043 | 2 195 |
Salaries, wages etc. | | 137 | 116 | 261 | 227 | 482 |
Depreciation and impairment of non-financial assets | | 13 | 12 | 26 | 24 | 49 |
Other operating expenses | | 99 | 83 | 190 | 158 | 328 |
Total operating expenses | 8 | 249 | 211 | 477 | 409 | 859 |
Profit before impairment on loans | | 359 | 332 | 709 | 634 | 1 336 |
Impairment on loans, guarantees etc. | 5 | -35 | -3 | -18 | 30 | -53 |
Pre-tax profit | | 394 | 335 | 727 | 604 | 1 389 |
Taxes | | 93 | 80 | 172 | 142 | 334 |
Profit after tax | | 301 | 255 | 555 | 462 | 1 055 |
Allocated to equity owners | | 282 | 244 | 523 | 440 | 1 007 |
Allocated to owners of Additional Tier 1 capital | | 19 | 11 | 32 | 22 | 48 |
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Profit per EC (NOK) 1) | | 2.85 | 2.46 | 5.26 | 4.42 | 10.12 |
Diluted earnings per EC (NOK) 1) | | 2.85 | 2.46 | 5.26 | 4.42 | 10.12 |
Distributed dividend per EC (NOK) | | 7.50 | 4.00 | 7.50 | 4.00 | 4.00 |
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STATEMENT OF COMPREHENSIVE INCOME - GROUP (COMPRESSED) | | | | | | |
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(NOK million) | | Q2 2024 | Q2 2023 | 30.06.2024 | 30.06.2023 | 2023 |
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Profit after tax | | 301 | 255 | 555 | 462 | 1 055 |
Items that may subsequently be reclassified to the income statement: | | | | | | |
Basisswap spreads - changes in value | | -5 | -6 | -11 | -7 | -37 |
Tax effect of changes in value on basisswap spreads | | 2 | 1 | 3 | 1 | 8 |
Items that will not be reclassified to the income statement: | | | | | | |
Pension estimate deviations | | 0 | 0 | | 0 | 1 |
Tax effect of pension estimate deviations | | 0 | 0 | | 0 | 0 |
Total comprehensive income after tax | | 298 | 250 | 547 | 456 | 1 027 |
Allocated to equity owners | | 279 | 239 | 515 | 434 | 979 |
Allocated to owners of Additional Tier 1 capital | | 19 | 11 | 32 | 22 | 48 |
1) Calculated using the EC-holders' share (49.7 %) of the period's profit to be allocated to equity owners. | | |