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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 | 3th Quarter 2017 | 2th Quarter 2017 | 1th Quarter 2017 | 4th Quarter 2016 | 3th Quarter 2016 |
| --- | --- | --- | --- | --- | --- |
|   |  |  |  |  |  |
| Total interest income | 822,416 | 900,887 | 937,419 | 972,314 | 942,275 |
| Total interest expenses | -718,215 | -777,648 | -847,140 | -883,715 | -839,655 |
| Net interest income | 104,201 | 123,239 | 90,278 | 88,599 | 102,620 |
| Net gains/losses from financial instruments | -20,781 | -205,252 | -250,917 | -262,950 | -181,345 |
| Net other operating income | -20,781 | -205,252 | -250,917 | -262,950 | -181,345 |
| Total operating income | 83,420 | -82,013 | -160,639 | -174,351 | -78,725 |
| Salaries and other ordinary personnel expenses | -7,374 | -8,746 | -8,525 | -10,156 | -9,587 |
| Other operating expenses | -4,257 | -6,317 | -5,136 | -7,050 | -6,427 |
| Total operating expenses | -7,375 | -8,746 | -8,525 | -10,156 | -9,587 |
| Operating result before losses | 76,045 | -90,759 | -169,164 | -184,507 | -88,312 |
| Write-downs on loans and guarantees | - | - | - | - | - |
| Pre-tax operating result | 76,045 | -90,759 | -169,164 | -184,507 | -88,312 |
| Taxes | -19,011 | 22,690 | 42,291 | 46,126 | 22,078 |
| Profit/loss for the year | 57,034 | -68,069 | -126,873 | -138,381 | -66,234 |
| Other income and expense | - | - | - | -791 | - |
| Total Profit/Loss | 57,034 | -68,069 | -126,873 | -139,172 | -66,234 |

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## Balance Sheet

| NOK 1 000 | 30.09.2017 | 30.06.2017 | 31.03.2017 | 31.12.2016 | 30.09.2016 |
| --- | --- | --- | --- | --- | --- |
|   |  |  |  |  |  |
| Assets |   |   |   |   |   |
| Lending to and deposits with credit institutions | 4,200,397 | 10,490,289 | 8,251,587 | 8,129,096 | 10,261,328 |
| Certificates and bonds | 41,638,986 | 44,774,036 | 40,229,178 | 42,506,617 | 49,042,899 |
| Lending to customers | 176,093,142 | 173,571,981 | 175,654,209 | 174,463,203 | 173,328,663 |
| Financial derivatives | 21,637,545 | 24,684,813 | 25,160,358 | 27,150,388 | 27,278,826 |
| Defered tax asset | 9,299 | 6,174 | 3,005 | - | - |
| Other assets | 992 | 1,109 | 1,703 | 1,543 | 2,262 |
| Total assets | 243,580,361 | 253,528,402 | 249,300,040 | 252,250,848 | 259,913,978 |
|   |  |  |  |  |  |
| Liabilities and equity |   |   |   |   |   |
| Liabilities |   |   |   |   |   |
| Debt incurred by issuing securities | 211,526,141 | 216,466,932 | 212,822,181 | 213,056,583 | 220,083,440 |
| Collateral received under derivatives contracts | 17,848,036 | 23,245,875 | 22,005,476 | 24,304,397 | 25,331,451 |
| Financial derivatives | 1,231,492 | 1,074,719 | 1,514,308 | 1,781,221 | 1,415,786 |
| Deferred tax | 208,816 | 208,816 | 208,816 | 208,816 | 380,104 |
| Tax payable | - | - | 124,898 | 124,898 | - |
| Subordinated debt | 1,603,253 | 1,603,328 | 1,603,633 | 1,603,778 | 2,684,461 |
| Other Liabilities | 126,173 | 89,939 | 104,359 | 117,865 | 117,308 |
| Total Liabilities | 232,543,911 | 242,689,610 | 238,383,671 | 241,197,558 | 250,012,550 |
|   |  |  |  |  |  |
| Equity |   |   |   |   |   |
| Contributed equity | 9,708,470 | 9,708,470 | 9,708,470 | 9,498,470 | 9,498,470 |
| Other paid in equity (not yet registered) | 150,000 | - | - | 210,000 | - |
| Hybrid capital | 1,080,000 | 1,080,000 | 1,070,986 | 1,081,034 | - |
| Accrued equity | 121,938 | 131,314 | 149,836 | 149,836 | 374,328 |
| Net profit | -137,908 | -194,942 | -126,873 | - | 28,630 |
| Declared dividends | 113,950 | 113,950 | 113,950 | 113,950 |   |
| Total equity | 11,036,449 | 10,838,792 | 10,916,369 | 11,053,290 | 9,901,428 |
| Total liabilities and equity | 243,580,361 | 253,528,402 | 249,300,040 | 252,250,848 | 259,913,978 |

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