Quarterly development

Income Statement

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

NOK 1 000 2th Quarter 2019 1th Quarter 2019 4th Quarter 2018 3th Quarter 2018 2th Quarter 2018
 
Total interest income 1,042,088 942,404 933,812 925,159 913,860
Total interest expenses -917,711 -840,389 -856,896 -845,254 -821,721
Net interest income 124,376 102,015 76,917 79,905 92,139
Net gains/losses from financial instruments -49,926 15,390 -113,543 -13,427 -125,375
Net other operating income -49,926 15,390 -113,543 -13,427 -125,375
Total operating income 74,450 117,405 -36,626 66,478 -33,236
Salaries and other ordinary personnel expenses -2,506 -2,835 -2,527 -3,100 -2,860
Other operating expenses -5,820 -5,344 -6,145 -4,406 -4,901
Total operating expenses -8,325 -8,178 -8,672 -7,507 -7,761
Operating result before losses 66,125 109,227 -45,299 58,971 -40,997
Write-downs on loans and guarantees 136 -2,234 -520 272 -665
Pre-tax operating result 66,261 106,993 -45,819 59,243 -41,662
Taxes -16,565 -26,748 11,453 -14,811 10,416
Profit/loss for the year 49,695 80,245 -34,365 44,433 -31,247
Other income and expense 87,888 -115,930 -104,207 -30,680 -81,450
Total Profit/Loss 137,583 -35,685 -138,572 13,752 -112,696

Balance Sheet

NOK 1 000 30.06.2019 31.03.2019 31.12.2018 30.09.2018 30.06.2018
 
Assets
Lending to and deposits with credit institutions 4,519,102 5,111,110 12,990,004 11,411,753 9,270,163
Certificates and bonds 29,554,116 25,623,908 25,271,910 35,032,317 43,651,308
Residential mortage loans 190,606,858 188,171,797 184,073,918 183,811,362 182,852,976
Financial derivatives 17,829,896 17,447,357 23,183,793 15,982,953 17,220,292
Defered tax asset 7,110 3,484 - 10,055 6,573
Other assets 1,040 1,801 1,750 1,507 1,897
Total assets 242,518,121 236,359,456 245,521,375 246,249,947 253,003,210
 
Liabilities and equity
Liabilities
Debt incurred by issuing securities 214,370,809 207,447,274 212,351,045 217,814,578 225,077,253
Collateral received under derivatives contracts 12,625,416 12,784,877 18,733,053 13,370,235 13,203,305
Repurchase agreement 553,863 1,508,401 - - -
Financial derivatives 1,030,359 1,048,763 1,042,108 1,479,191 1,225,000
Deferred tax 30,029 733 39,377 102,675 112,902
Tax payable - 15,503 15,503 - -
Subordinated debt 1,432,458 1,431,965 1,606,160 1,603,108 1,603,084
Other Liabilities 181,253 164,711 150,763 148,423 130,959
Total Liabilities 230,224,187 224,402,227 233,938,010 234,518,210 241,352,503
 
Equity
Contributed equity 11,418,470 11,208,470 10,788,470 10,638,470 10,398,470
Other paid in equity (not yet registered) - - - 150,000 240,000
Hybrid capital 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000
Accrued equity -434,476 -511,486 -389,980 -275,974 -234,848
Net profit 129,940 80,245 4,876 39,241 -5,191
Declared dividends - - - - 72,276
Total equity 12,293,934 11,957,229 11,583,366 11,731,737 11,650,707
Total liabilities and equity 242,518,121 236,359,456 245,521,375 246,249,947 253,003,210