Quarterly development

Income Statement

Quarterly

1. quarter 4. quarter 3. quarter 2. quarter 1. quarter
 
NOK 1 000 2,014 2,013 2,013 2,013 2,013
Total interest income 1,123,453 1,158,905 1,175,674 1,184,976 1,163,267
Total interest expenses -1,032,754 -1,055,943 -1,103,951 -1,138,467 -1,089,274
Net interest income 90,699 102,963 71,723 46,509 73,993
Net gains/losses from financial instruments -28,287 18,378 28,284 -35,524 25,768
Net other operating income -28,287 18,378 28,284 -35,524 25,768
Total operating income 62,412 121,341 100,007 10,985 99,762
Salaries and other ordinary personnel expenses -2,463 -2,437 -2,230 -2,753 -2,613
Administration expenses -2,359 -4,047 -2,701 -2,195 -1,375
Other operating expenses -3,450 -2,249 -2,087 -1,622 -3,416
Depreciation/Amortization -390 -391 -390 -487 -438
Total operating expenses -8,663 -9,123 -7,408 -7,057 -7,842
Net profit before impairment losses 53,750 112,218 92,599 3,928 91,920
Write-downs on loans and guarantees 0 0 0 0 0
Pre-tax operating result 53,750 112,218 92,599 3,928 91,920
Tax expense -14,512 -130,518 79,602 -1,100 -25,737
Net profit for the period 39,238 87,230 66,672 2,828 66,182
Other income and expense in comprehensive income 4,700 -405 0 0 0
Total net profit for the period 43,937 86,825 66,672 2,828 66,182
 

Balance Sheet

1. quarter 4. quarter 3. quarter 2. quarter 1. quarter
 
NOK 1 000 2,014 2,013 2,013 2,013 2,013
Assets
Deposits and balances due from credit institutions 10,545,177 11,882,469 8,141,726 7,125,187 4,677,406
Certificates issued by the Norwegian government 967,828 1,261,795 5,289,918 5,071,915 1,612,305
Bonds 4,891,483 5,476,099 6,768,991 13,656,316 12,612,044
Loans to customers 175,315,196 174,781,222 169,577,344 166,914,671 164,866,968
Financial derivatives 11,986,042 12,760,351 10,181,153 8,778,292 6,651,730
Other assets 8,845 4,164 4,839 5,100 3,515
Total assets 203,714,573 206,166,101 199,963,972 201,551,481 190,423,968
 
Liabilities and equity
Liabilities
Debt incurred by issuing securities 181,362,838 183,146,411 182,065,316 185,028,695 174,827,620
Collateral received under derivatives contracts 8,977,523 10,611,584 5,970,786 4,706,383 3,361,575
Financial derivatives 761,473 797,417 826,967 1,312,415 2,514,262
Deferred tax 80,017 178,307 100,712 100,712 100,712
Tax payable 20,537 0 0 0 0
Additional Tier 1 capital 1,604,400 0 0 0 0
Other Liabilities 2,274,821 3,143,356 2,797,990 2,240,909 1,761,209
Total liabilities 195,081,609 197,877,075 191,761,771 193,389,114 182,565,378
 
Equity
Paid in equity capital 7,968,470 7,968,470 7,968,470 7,968,470 7,548,470
Other paid in equity (not yet registered) 300,000 0 98,050 0
Accrued equity 5,626 18,450 98,050 69,010 98,050
Net profit 39,237 135,681 0 66,182
Declared dividend 319,630 302,105 0 0 145,886
Total equity 8,632,964 8,289,025 8,202,201 8,135,530 7,858,588
Total liabilites and equity 203,714,573 206,166,101 199,963,972 201,551,481 190,423,967
 
Key figures
Number of shares 53,105,480 53,105,480 53,105,480 53,105,480 50,305,482
Net profit per share 1 2 1 0 1