Statement of income - Group

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STATEMENT OF INCOME - GROUP
(NOK million)	Note	Q3 2018	Q3 2017	30.09.2018	30.09.2017	2017
Interest income from assets at amortised cost		442	413	1 301	1 205	1 612
Interest income from assets at fair value		45	40	125	127	175
Interest expenses		197	172	556	522	687
Net interest income	9	290	281	870	810	1 100
Commission income and revenues from banking services		56	52	158	146	196
Commission costs and charges from banking services		6	8	20	20	26
Other operating income		6	7	17	17	24
Net commission and other operating income		56	51	155	143	194
Dividends		0	1	3	2	2
Net gains/losses from financial instruments	5	5	3	34	39	46
Net return from financial instruments		5	4	37	41	48
Total income		351	336	1 062	994	1 342
Wages, salaries etc.		85	83	254	253	335
Administration costs		31	30	99	98	128
Depreciation and impairment		8	8	23	24	31
Other operating costs		28	24	75	71	96
Total operating costs		152	145	451	446	590
Profit before impairment on loans		199	191	611	548	752
Impairment on loans, guarantees etc.	3	7	6	4	14	13
Pre-tax profit		192	185	607	534	739
Taxes		43	46	143	134	182
Profit after tax		149	139	464	400	557
Allocated to equity owners		147	135	455	396	551
Allocated to owners of Additional Tier 1 capital		2	4	9	4	6

Profit per EC (NOK) 1)		7.35	6.95	22.85	20.10	27.70
Diluted earnings per EC (NOK) 1)		7.35	6.95	22.85	20.10	27.70
Distributed dividend per EC (NOK)		0.00	0.00	14.00	14.00	14.00


STATEMENT OF COMPREHENSIVE INCOME - GROUP
(NOK million)		Q3 2018	Q3 2017	30.09.2018	30.09.2017	2017
Profit after tax		149	139	464	400	557
Items that may subsequently be reclassified to the income statement:
Equities available for sale - changes in value 2)			0		6	27
Basis swap spreads - changes in value 3)		-2		-10
Tax effect of changes in value on basis swap spreads		0		2
Items that will not 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		147	139	456	406	575
Allocated to equity owners		145	135	447	402	569
Allocated to owners of Additional Tier 1 capital		2	4	9	4	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 basis swaps 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 basis swaps due to changes in basis swap spreads, will be recognised in OCI as a cost of hedging.