STATEMENT OF INCOME - PARENT BANK (COMPRESSED) | | |
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(NOK million) | Q2 2024 | Q2 2023 | 30.06.2024 | 30.06.2023 | 2023 |
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Interest income from assets at amortised cost | 881 | 694 | 1 748 | 1 311 | 2 932 |
Interest income from assets at fair value | 170 | 122 | 338 | 239 | 560 |
Interest expenses | 605 | 413 | 1 203 | 768 | 1 825 |
Net interest income | 446 | 403 | 883 | 782 | 1 667 |
Commission income and revenues from banking services | 64 | 61 | 120 | 118 | 257 |
Commission expenses and expenditure from banking services | 10 | 9 | 20 | 19 | 41 |
Other operating income | 16 | 13 | 29 | 24 | 50 |
Net commission and other operating income | 70 | 65 | 129 | 123 | 266 |
Dividends | 0 | 1 | 136 | 153 | 154 |
Net change in value of financial instruments | 30 | 1 | 47 | 1 | 43 |
Net result from financial instruments | 30 | 2 | 183 | 154 | 197 |
Total other income | 100 | 67 | 312 | 277 | 463 |
Total income | 546 | 470 | 1 195 | 1 059 | 2 130 |
Salaries, wages etc. | 128 | 112 | 246 | 217 | 458 |
Depreciation and impairment of non-financial assets | 17 | 15 | 32 | 29 | 59 |
Other operating expenses | 92 | 76 | 177 | 147 | 308 |
Total operating expenses | 237 | 203 | 455 | 393 | 825 |
Profit before impairment on loans | 309 | 267 | 740 | 666 | 1 305 |
Impairment on loans, guarantees etc. | -24 | 1 | -4 | 29 | -68 |
Pre-tax profit | 333 | 266 | 744 | 637 | 1 373 |
Taxes | 79 | 64 | 146 | 115 | 296 |
Profit after tax | 254 | 202 | 598 | 522 | 1 077 |
Allocated to equity owners | 235 | 191 | 566 | 500 | 1 029 |
Allocated to owners of Additional Tier 1 capital | 19 | 11 | 32 | 22 | 48 |
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Profit per EC (NOK) 1) * | 2.37 | 1.92 | 5.69 | 5.02 | 10.34 |
Diluted earnings per EC (NOK) 1) * | 2.37 | 1.92 | 5.69 | 5.02 | 10.34 |
Distributed dividend per EC (NOK) | 7.50 | 4.00 | 7.50 | 4.00 | 4.00 |
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STATEMENT OF COMPREHENSIVE INCOME - PARENT BANK (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 | 254 | 202 | 598 | 522 | 1 077 |
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 be reclassified to the income statement: | | | | | |
Pension estimate deviations | 0 | 0 | 0 | 0 | 1 |
Tax effect of pension estimate deviations | 0 | 0 | 0 | 0 | 0 |
Total comprehensive income after tax | 254 | 202 | 598 | 522 | 1 078 |
Allocated to equity owners | 235 | 191 | 566 | 500 | 1 030 |
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. | | |