Financial statement
INCOME STATEMENT
| (Amounts in NOK 1 000 000) | Note | 1st quarter 2024 | 1st quarter 2023 | 2023 |
|---|---|---|---|---|
| Interest income from assets measured at amortised cost | 4 688 | 3 214 | 15 411 | |
| Interest income from assets measured at fair value | 1 993 | 1 051 | 6 933 | |
| Total interest income | 6 680 | 4 265 | 22 345 | |
| Interest expense | 6 127 | 3 757 | 20 240 | |
| Net interest income | 1 | 553 | 508 | 2 105 |
| Fees and commission expenses | 33 | 29 | 126 | |
| Net gain/(loss) on financial instruments | 2 | 81 | 114 | 212 |
| Increased/(reduced) provision for expected credit loss | 6 | (9) | 3 | (10) |
| Total other operating income | 57 | 82 | 96 | |
| Salaries and administrative expenses | 61 | 49 | 190 | |
| Depreciation of fixed and intangible assets | 12 | 10 | 43 | |
| Other operating expenses | 23 | 17 | 92 | |
| Total operating expenses | 96 | 77 | 325 | |
| Profit before tax | 514 | 514 | 1 876 | |
| Income tax | 124 | 125 | 444 | |
| Profit for the period | 390 | 389 | 1 432 | |
| Portion allocated to shareholder | 350 | 366 | 1 301 | |
| Portion allocated to owners of additional Tier 1 capital | 41 | 23 | 131 |
STATEMENT OF COMPREHENSIVE INCOME
| (Amounts in NOK 1 000 000) | Note | 1st quarter 2024 | 1st quarter 2023 | 2023 |
|---|---|---|---|---|
| Profit for the period | 390 | 389 | 1 432 | |
| Other comprehensive income | ||||
| Items which will not be reclassified to profit or loss | ||||
| Change in fair value of liabilities due to changes in own credit risk | 9 | (97) | (61) | 484 |
| Actuarial gain/(loss) on pension liability | 0 | 0 | (8) | |
| Tax | 24 | 15 | (119) | |
| Total other comprehensive income | (73) | (46) | 357 | |
| Total comprehensive income for the period | 318 | 343 | 1 789 | |
| Portion allocated to shareholder | 277 | 320 | 1 658 | |
| Portion allocated to owners of additional Tier 1 capital | 41 | 23 | 131 | |