Quarterly development

Income Statement Quarterly

NOK 1 000 3. quarter 2014 2. quarter 2014 1. quarter 2014 4. quarter 2013 3. quarter 2013
 
Total interest income 1,126,351 1,136,519 1,123,453 1,158,905 1,175,674
Total interest expenses -1,032,591 -1,064,944 -1,032,754 -1,055,943 -1,103,951
Net interest income 93,761 71,575 90,699 102,963 71,723
Net gains/losses from financial instruments -4,369 -30,043 -28,287 18,378 28,284
Net other operating income -4,369 -30,043 -28,287 18,378 28,284
Total operating income 89,392 41,532 62,412 121,341 100,007
Salaries and other ordinary personnel expenses -3,145 -2,416 -2,463 -2,437 -2,230
Administration expenses -2,270 -2,038 -2,359 -4,047 -2,701
Other operating expenses -3,565 -1,741 -3,450 -2,249 -2,087
Depreciation/Amortization -437 -399 -390 -391 -390
Total operating expenses -9,417 -6,593 -8,663 -9,123 -7,408
Net profit before impairment losses 79,975 34,939 53,750 112,218 92,599
Write-downs on loans and guarantees - - - - -
Pre-tax operating result 79,975 34,939 53,750 112,218 92,599
Tax expense -21,593 -9,434 -14,512 -24,988 -25,927
Net profit for the period 58,381 25,505 39,238 87,230 66,672
Other income and expense in comprehensive income -4,700 - 4,700 -405 -
Total net profit for the period 53,681 25,506 43,937 86,825 66,672

Balance Sheet

NOK 1 000 3. quarter 2014 2. quarter 2014 1. quarter 2014 4. quarter 2013 3. quarter 2013
 
Assets
Lending to and deposits with credit institutions 9,637,332 12,569,541 10,545,177 11,882,469 8,141,726
Norwegian Government Treasury Bills 297,525 1,189,286 967,828 1,261,795 5,289,918
Bonds 13,734,034 10,895,277 4,891,483 5,476,099 6,768,991
Lending to customers 159,820,373 159,444,399 175,315,196 174,781,222 169,577,344
Financial derivatives 14,803,363 15,736,719 11,986,042 12,760,351 10,181,153
Other assets 4,424 2,536 8,845 4,164 4,839
Total assets 198,297,051 199,837,758 203,714,573 206,166,101 199,963,972
 
Liabilities and equity
Liabilities
Debt incurred by issuing securities 173,041,757 174,164,672 181,362,838 183,146,411 182,065,316
Collateral received under derivatives contracts 11,921,491 12,337,063 8,977,523 10,611,584 5,970,786
Financial derivatives 769,378 718,770 761,473 797,417 826,967
Deferred tax 157,770 157,770 157,770 178,307 100,712
Tax payable - - 20,537 - -
Subordinated debt 1,954,337 1,954,120 1,604,400 - -
Other Liabilities 2,055,098 2,166,524 2,197,068 3,143,356 2,797,990
Total liabilities 189,899,831 191,498,919 195,081,609 197,877,075 191,761,771
 
Equity
Paid in equity capital 8,268,470 8,268,470 7,968,470 7,968,470 7,968,470
Other paid in equity (not yet registered) - - 300,000 -
Accrued equity 5,626 5,626 5,626 925 98,050
Net profit 123,124 64,743 39,237 135,681
Declared dividend - - 319,630 319,630 -
Total equity 8,397,220 8,338,839 8,632,964 8,289,025 8,202,201
Total liabilites and equity 198,297,051 199,837,758 203,714,573 206,166,101 199,963,972
 
Key figures
Number of shares 55,105,482 55,105,482 53,105,480 53,105,480 53,105,480
Net profit per share 0.97 0.46 0.82 1.64 1.26