STATEMENT OF INCOME - GROUP (COMPRESSED) | | | | | | |
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(NOK million) | Note | Q3 2024 | Q3 2023 | 30.09.2024 | 30.09.2023 | 2023 |
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Interest income from assets at amortised cost | | 1 299 | 1 137 | 3 819 | 3 014 | 4 221 |
Interest income from assets at fair value | | 202 | 184 | 615 | 491 | 695 |
Interest expenses | | 978 | 834 | 2 885 | 2 111 | 3 016 |
Net interest income | 3 | 523 | 487 | 1 549 | 1 394 | 1 900 |
Commission income and revenues from banking services | | 75 | 68 | 195 | 186 | 258 |
Commission expenses and charges from banking services | | 10 | 12 | 30 | 31 | 42 |
Other operating income | | 15 | 9 | 39 | 25 | 34 |
Net commission and other operating income | 7 | 80 | 65 | 204 | 180 | 250 |
Dividends | | 4 | 0 | 8 | 1 | 1 |
Net change in value of financial instruments | | 19 | 23 | 51 | 43 | 44 |
Net result from financial instruments | 7 | 23 | 23 | 59 | 44 | 45 |
Total other income | 7 | 103 | 88 | 263 | 224 | 295 |
Total income | | 626 | 575 | 1 812 | 1 618 | 2 195 |
Salaries, wages etc. | | 133 | 120 | 394 | 347 | 482 |
Depreciation and impairment of non-financial assets | | 14 | 13 | 40 | 37 | 49 |
Other operating expenses | | 96 | 75 | 286 | 233 | 328 |
Total operating expenses | 8 | 243 | 208 | 720 | 617 | 859 |
Profit before impairment on loans | | 383 | 367 | 1 092 | 1 001 | 1 336 |
Impairment on loans, guarantees etc. | 5 | 17 | 34 | -1 | 64 | -53 |
Pre-tax profit | | 366 | 333 | 1 093 | 937 | 1 389 |
Taxes | | 86 | 80 | 258 | 222 | 334 |
Profit after tax | | 280 | 253 | 835 | 715 | 1 055 |
Allocated to equity owners | | 265 | 240 | 788 | 680 | 1 007 |
Allocated to owners of Additional Tier 1 capital | | 15 | 13 | 47 | 35 | 48 |
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Profit per EC (NOK) 1) | | 2.66 | 2.42 | 7.92 | 6.84 | 10.12 |
Diluted earnings per EC (NOK) 1) | | 2.66 | 2.42 | 7.92 | 6.84 | 10.12 |
Distributed dividend per EC (NOK) | | 0.00 | 0.00 | 7.50 | 4.00 | 4.00 |
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STATEMENT OF COMPREHENSIVE INCOME - GROUP (COMPRESSED) | | | | | | |
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(NOK million) | | Q3 2024 | Q3 2023 | 30.09.2024 | 30.09.2023 | 2023 |
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Profit after tax | | 280 | 253 | 835 | 715 | 1 055 |
Items that may subsequently be reclassified to the income statement: | | | | | | |
Basisswap spreads - changes in value | | 1 | -16 | -10 | -23 | -37 |
Tax effect of changes in value on basisswap spreads | | -1 | 4 | 2 | 5 | 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 | | 280 | 241 | 827 | 697 | 1 027 |
Allocated to equity owners | | 265 | 228 | 780 | 662 | 979 |
Allocated to owners of Additional Tier 1 capital | | 15 | 13 | 47 | 35 | 48 |
1) Calculated using the EC-holders' share (49.7 %) of the period's profit to be allocated to equity owners. | | |