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title: Quarterly development
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## Income Statement

These quarterly statements are not individually audited and are included as additional information to these accounts.

| NOK 1 000 | 1th Quarter 2018 | 4th Quarter 2017 | 3th Quarter 2017 | 2th Quarter 2017 | 1th Quarter 2017 |
| --- | --- | --- | --- | --- | --- |
|   |  |  |  |  |  |
| Total interest income | 804,935 | 809,548 | 822,416 | 900,887 | 937,419 |
| Total interest expenses | -720,757 | -701,413 | -718,215 | -777,648 | -847,140 |
| Net interest income | 84,178 | 108,134 | 104,201 | 123,239 | 90,278 |
| Net gains/losses from financial instruments | -41,185 | -153,411 | -20,781 | -205,252 | -250,917 |
| Net other operating income | -41,185 | -153,411 | -20,781 | -205,252 | -250,917 |
| Total operating income | 42,993 | -45,277 | 83,420 | -82,013 | -160,639 |
| Salaries and other ordinary personnel expenses | -3,279 | -3,081 | -3,118 | -2,429 | -3,389 |
| Other operating expenses | -5,037 | -6,679 | -4,257 | -6,317 | -5,136 |
| Total operating expenses | -8,316 | -9,760 | -7,375 | -8,746 | -8,525 |
| Operating result before losses | 34,677 | -55,037 | 76,045 | -90,759 | -169,164 |
| Write-downs on loans and guarantees | 64 | - | - | - | - |
| Pre-tax operating result | 34,740 | -55,037 | 76,045 | -90,759 | -169,164 |
| Taxes | -8,685 | 13,750 | -19,011 | 22,690 | 42,291 |
| Profit/loss for the year | 26,055 | -41,286 | 57,034 | -68,069 | -126,873 |
| Other income and expense | 10,254 | -260 | - | - | - |
| Total Profit/Loss | 36,309 | -41,546 | 57,034 | -68,069 | -126,873 |

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## Balance Sheet

| NOK 1 000 | 31.03.2018 | 31.12.2017 | 30.09.2017 | 30.06.2017 | 31.03.2017 |
| --- | --- | --- | --- | --- | --- |
|   |  |  |  |  |  |
| Assets |   |   |   |   |   |
| Lending to and deposits with credit institutions | 6,778,074 | 3,044,644 | 4,200,397 | 10,490,289 | 8,251,587 |
| Certificates and bonds | 44,775,172 | 54,318,384 | 41,638,986 | 44,774,036 | 40,229,178 |
| Residential mortgage loans | 181,205,294 | 177,675,130 | 176,093,142 | 173,571,981 | 175,654,209 |
| Financial derivatives | 20,488,383 | 27,144,125 | 21,637,545 | 24,684,813 | 25,160,358 |
| Defered tax asset | 2,968 | - | 9,299 | 6,174 | 3,005 |
| Other assets | 1,281 | 1,188 | 992 | 1,109 | 1,703 |
| Total assets | 253,251,172 | 262,183,472 | 243,580,361 | 253,528,402 | 249,300,040 |
|   |  |  |  |  |  |
| Liabilities and equity |   |   |   |   |   |
| Liabilities |   |   |   |   |   |
| Debt incurred by issuing securities | 223,053,410 | 224,462,981 | 211,526,141 | 216,466,932 | 212,822,181 |
| Collateral received under derivatives contracts | 15,716,295 | 23,628,253 | 17,848,036 | 23,245,875 | 22,005,476 |
| Financial derivatives | 1,010,264 | 898,292 | 1,231,492 | 1,074,719 | 1,514,308 |
| Deferred tax | 140,052 | 136,634 | 208,816 | 208,816 | 208,816 |
| Tax payable | - | - | - | - | 124,898 |
| Subordinated debt | 1,603,656 | 1,603,356 | 1,603,253 | 1,603,328 | 1,603,633 |
| Other Liabilities | 193,433 | 182,231 | 126,173 | 89,939 | 104,359 |
| Total Liabilities | 241,717,109 | 250,911,747 | 232,543,911 | 242,689,610 | 238,383,671 |
|   |  |  |  |  |  |
| Equity |   |   |   |   |   |
| Contributed equity | 10,158,470 | 9,858,470 | 9,708,470 | 9,708,470 | 9,708,470 |
| Other paid in equity (not yet registered) | 240,000 | 300,000 | 150,000 | - | - |
| Hybrid capital | 1,180,000 | 1,180,000 | 1,080,000 | 1,080,000 | 1,070,986 |
| Accrued equity | -142,738 | -139,022 | 121,938 | 131,314 | 149,836 |
| Net profit | 26,055 | - | -137,908 | -194,942 | -126,873 |
| Declared dividends | 72,276 | 72,276 | 113,950 | 113,950 | 113,950 |
| Total equity | 11,534,063 | 11,271,724 | 11,036,449 | 10,838,792 | 10,916,369 |
| Total liabilities and equity | 253,251,173 | 262,183,472 | 243,580,361 | 253,528,402 | 249,300,040 |

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