STATEMENT OF INCOME - GROUP (COMPRESSED) | | | | | |
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(NOK million) | Note | Q4 2022 | Q4 2021 | 2022 | 2021 |
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Interest income from assets at amortised cost | | 804 | 406 | 2 386 | 1 583 |
Interest income from assets at fair value | | 129 | 42 | 344 | 140 |
Interest expenses | | 501 | 113 | 1 213 | 457 |
Net interest income | 3 | 432 | 335 | 1 517 | 1 266 |
Commission income and revenues from banking services | | 68 | 60 | 248 | 226 |
Commission expenses and charges from banking services | | 9 | 6 | 34 | 34 |
Other operating income | | 8 | 7 | 32 | 26 |
Net commission and other operating income | 7 | 67 | 61 | 246 | 218 |
Dividends | | 10 | 1 | 11 | 3 |
Net change in value of financial instruments | | 25 | -17 | -18 | 40 |
Net result from financial instruments | 7 | 35 | -16 | -7 | 43 |
Total other income | 7 | 102 | 45 | 239 | 261 |
Total income | | 534 | 380 | 1 756 | 1 527 |
Salaries, wages etc. | | 122 | 97 | 430 | 360 |
Depreciation and impairment of non-financial assets | | 12 | 11 | 46 | 45 |
Other operating expenses | | 82 | 66 | 271 | 240 |
Total operating expenses | 8 | 216 | 174 | 747 | 645 |
Profit before impairment on loans | | 318 | 206 | 1 009 | 882 |
Impairment on loans, guarantees etc. | 5 | 2 | 5 | -4 | 49 |
Pre-tax profit | | 316 | 201 | 1 013 | 833 |
Taxes | | 74 | 48 | 236 | 191 |
Profit after tax | | 242 | 153 | 777 | 642 |
Allocated to equity owners | | 231 | 147 | 746 | 619 |
Allocated to owners of Additional Tier 1 capital | | 11 | 6 | 31 | 23 |
| | | | | |
Profit per EC (NOK) 1) * | | 2.33 | 7.00 | 7.50 | 31.10 |
Diluted earnings per EC (NOK) 1) * | | 2.33 | 7.00 | 7.50 | 31.10 |
Distributed dividend per EC (NOK) | | 0.00 | 9.00 | 16.00 | 13.50 |
* The figures for 2022 are calculated based on a split where the number of equity cerfitcates increased from 9,886,954 to 49,434,770. |
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STATEMENT OF COMPREHENSIVE INCOME - GROUP (COMPRESSED) | | | | | |
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(NOK million) | | Q4 2022 | Q4 2021 | 2022 | 2021 |
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Profit after tax | | 242 | 153 | 777 | 642 |
Items that may subsequently be reclassified to the income statement: | | | | | |
Basisswap spreads - changes in value | | -28 | 8 | 30 | 3 |
Tax effect of changes in value on basisswap spreads | | 7 | -2 | -6 | -1 |
Items that will not be reclassified to the income statement: | | | | | |
Pension estimate deviations | | 46 | 12 | 46 | 12 |
Tax effect of pension estimate deviations | | -12 | -3 | -12 | -3 |
Total comprehensive income after tax | | 255 | 168 | 835 | 653 |
Allocated to equity owners | | 244 | 162 | 804 | 630 |
Allocated to owners of Additional Tier 1 capital | | 11 | 6 | 31 | 23 |
1) Calculated using the EC-holders' share (49.7 %) of the period's profit to be allocated to equity owners. |