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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 | 3rd Quarter 2018 | 2nd Quarter 2018 | 1th Quarter 2018 | 4th Quarter 2017 | 3rd Quarter 2017 |
| --- | --- | --- | --- | --- | --- |
|   |  |  |  |  |  |
| Total interest income | 925,159 | 913,860 | 804,935 | 809,548 | 822,416 |
| Total interest expenses | -845,254 | -821,721 | -720,757 | -701,413 | -718,215 |
| Net interest income | 79,905 | 92,139 | 84,178 | 108,134 | 104,201 |
| Net gains/losses from financial instruments | -13,427 | -125,375 | -41,185 | -153,411 | -20,781 |
| Net other operating income | -13,427 | -125,375 | -41,185 | -153,411 | -20,781 |
| Total operating income | 66,478 | -33,236 | 42,993 | -45,277 | 83,420 |
| Salaries and other ordinary personnel expenses | -3,100 | -2,860 | -3,279 | -3,081 | -3,118 |
| Other operating expenses | -4,406 | -4,901 | -5,037 | -6,679 | -4,257 |
| Total operating expenses | -7,507 | -7,761 | -8,316 | -9,760 | -7,375 |
| Operating result before losses | 58,971 | -40,997 | 34,677 | -55,037 | 76,045 |
| Write-downs on loans and guarantees | 272 | -665 | 64 | - | - |
| Pre-tax operating result | 59,243 | -41,662 | 34,740 | -55,037 | 76,045 |
| Taxes | -14,811 | 10,416 | -8,685 | 13,750 | -19,011 |
| Profit/loss for the year | 44,433 | -31,247 | 26,055 | -41,286 | 57,034 |
| Other income and expense | -30,680 | -81,450 | 10,254 | -260 | - |
| Total Profit/Loss | 13,752 | -112,696 | 36,309 | -41,546 | 57,034 |

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## Balance Sheet

| NOK 1 000 | 30.09.2018 | 30.06.2018 | 31.03.2018 | 31.12.2017 | 30.09.2017 |
| --- | --- | --- | --- | --- | --- |
|   |  |  |  |  |  |
| Assets |   |   |   |   |   |
| Lending to and deposits with credit institutions | 11,411,753 | 9,270,163 | 6,778,074 | 3,044,644 | 4,200,397 |
| Certificates and bonds | 35,032,317 | 43,651,308 | 44,775,172 | 54,318,384 | 41,638,986 |
| Residential mortgage loans | 183,811,362 | 182,852,976 | 181,205,294 | 177,675,130 | 176,093,142 |
| Financial derivatives | 15,982,953 | 17,220,292 | 20,488,383 | 27,144,125 | 21,637,545 |
| Defered tax asset | 10,055 | 6,573 | 2,968 | - | 9,299 |
| Other assets | 1,507 | 1,897 | 1,281 | 1,188 | 992 |
| Total assets | 246,249,947 | 253,003,210 | 253,251,172 | 262,183,472 | 243,580,361 |
|   |  |  |  |  |  |
| Liabilities and equity |   |   |   |   |   |
| Liabilities |   |   |   |   |   |
| Debt incurred by issuing securities | 217,814,578 | 225,077,253 | 223,053,410 | 224,462,981 | 211,526,141 |
| Collateral received under derivatives contracts | 13,370,235 | 13,203,305 | 15,716,295 | 23,628,253 | 17,848,036 |
| Financial derivatives | 1,479,191 | 1,225,000 | 1,010,264 | 898,292 | 1,231,492 |
| Deferred tax | 102,675 | 112,902 | 140,052 | 136,634 | 208,816 |
| Tax payable | - | - | - | - | - |
| Subordinated debt | 1,603,108 | 1,603,084 | 1,603,656 | 1,603,356 | 1,603,253 |
| Other Liabilities | 148,423 | 130,959 | 193,433 | 182,231 | 126,173 |
| Total Liabilities | 234,518,210 | 241,352,503 | 241,717,109 | 250,911,747 | 232,543,911 |
|   |  |  |  |  |  |
| Equity |   |   |   |   |   |
| Contributed equity | 10,638,470 | 10,398,470 | 10,158,470 | 9,858,470 | 9,708,470 |
| Other paid in equity (not yet registered) | 150,000 | 240,000 | 240,000 | 300,000 | 150,000 |
| Hybrid capital | 1,180,000 | 1,180,000 | 1,180,000 | 1,180,000 | 1,080,000 |
| Accrued equity | -275,974 | -234,848 | -142,738 | -139,022 | 121,938 |
| Net profit | 39,241 | -5,191 | 26,055 | - | -137,908 |
| Declared dividends | - | 72,276 | 72,276 | 72,276 | 113,950 |
| Total equity | 11,731,737 | 11,650,707 | 11,534,063 | 11,271,724 | 11,036,449 |
| Total liabilities and equity | 246,249,947 | 253,003,210 | 253,251,173 | 262,183,472 | 243,580,361 |

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