Financial statement
INCOME STATEMENT
| (Amounts in NOK 1 000 000) | Note | 1st quarter 2025 | 1st quarter 2024 | 2024 |
|---|---|---|---|---|
| Interest income from assets measured at amortised cost | 5 068 | 4 688 | 19 557 | |
| Interest income from assets measured at fair value | 1 537 | 1 993 | 7 375 | |
| Total interest income | 6 606 | 6 680 | 26 931 | |
| Interest expense | 6 053 | 6 127 | 24 678 | |
| Net interest income | 1 | 552 | 553 | 2 253 |
| Fees and commission expenses | 27 | 33 | 125 | |
| Net gain/(loss) on financial instruments | 2 | 162 | 81 | 157 |
| Increased/(reduced) provision for expected credit loss | 6 | 10 | (9) | (9) |
| Total other operating income | 125 | 57 | 41 | |
| Salaries and administrative expenses | 63 | 61 | 221 | |
| Depreciation of fixed and intangible assets | 12 | 12 | 48 | |
| Other operating expenses | 25 | 23 | 115 | |
| Total operating expenses | 100 | 96 | 383 | |
| Profit before tax | 577 | 514 | 1 911 | |
| Income tax | 140 | 124 | 437 | |
| Profit for the period | 437 | 390 | 1 474 | |
| Portion allocated to shareholder | 397 | 350 | 1 312 | |
| Portion allocated to owners of additional Tier 1 capital | 40 | 41 | 162 |
STATEMENT OF COMPREHENSIVE INCOME
| (Amounts in NOK 1 000 000) | Note | 1st quarter 2025 | 1st quarter 2024 | 2024 |
|---|---|---|---|---|
| Profit for the period | 437 | 390 | 1 474 | |
| 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 | (1) | (97) | (305) |
| Actuarial gain/(loss) on pension liability | 0 | 0 | 11 | |
| Tax | 0 | 24 | 73 | |
| Total other comprehensive income | (0) | (73) | (220) | |
| Total comprehensive income for the period | 437 | 318 | 1 254 | |
| Portion allocated to shareholder | 397 | 277 | 1 091 | |
| Portion allocated to owners of additional Tier 1 capital | 40 | 41 | 162 | |