Financial statement
INCOME STATEMENT
| (Amounts in NOK 1 000 000) | Note | 1st quarter 2023 | 1st quarter 2022 | 2022 |
|---|---|---|---|---|
| Interest income from assets measured at amortised cost | 2 858 | 838 | 6 185 | |
| Interest income from assets measured at fair value | 1 406 | 483 | 2 995 | |
| Total interest income | 4 265 | 1 321 | 9 180 | |
| Interest expense | 3 757 | 885 | 7 315 | |
| Net interest income | 1 | 508 | 436 | 1 866 |
| Fees and commission expenses | 29 | 27 | 133 | |
| Net unrealised gain/(loss) on financial instruments | 2 | 114 | (821) | (1 622) |
| Increased/(reduced) provision for expected credit loss | 6 | 3 | 6 | 28 |
| Net realised gain/(loss) on financial instruments | 1 | 11 | 6 | |
| Total other operating income | 82 | (843) | (1 775) | |
| Salaries and administrative expenses | 49 | 46 | 166 | |
| Depreciation of fixed and intangible assets | 10 | 9 | 38 | |
| Other operating expenses | 17 | 11 | 67 | |
| Total operating expenses | 77 | 66 | 271 | |
| Profit before tax | 514 | (473) | (180) | |
| Income tax | 125 | (121) | (120) | |
| Profit for the period | 389 | (352) | (60) | |
| Portion allocated to shareholder | 366 | (368) | (135) | |
| Portion allocated to owners of additional Tier 1 capital | 23 | 16 | 75 |
STATEMENT OF COMPREHENSIVE INCOME
| (Amounts in NOK 1 000 000) | Note | 1st quarter 2023 | 1st quarter 2022 | 2022 |
|---|---|---|---|---|
| Profit for the period | 389 | (352) | (60) | |
| 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 | (61) | 236 | 800 |
| Actuarial gain/(loss) on pension liability | 0 | 0 | 2 | |
| Tax | 15 | (59) | (200) | |
| Total other comprehensive income | (46) | 177 | 601 | |
| Total comprehensive income for the period | 343 | (175) | 541 |