Income statement

Parent bank							Group
2013	2Q 13	2Q 14	30 Jun 2013	30 Jun 2014	(NOKm)	Note	30 Jun 2014	30 Jun 2013	2Q 14	2Q 13	2013
4,092	1,031	1,046	1,979	2,062	Interest income		2,082	1,990	1,055	1,036	4,118
2,604	658	651	1,294	1,287	Interest expenses		1,239	1,244	625	633	2,502
1,487	372	396	685	775	Net interest	1	843	746	430	403	1,616
970	244	259	449	518	Commission income		644	583	326	322	1,230
81	18	26	36	47	Commission expenses		53	41	28	21	94
57	17	11	31	25	Other operating income		189	171	96	96	327
946	243	244	444	497	Commission income and other income		780	713	394	396	1,463
371	311	248	358	311	Dividends		60	31	14	30	41
-	-	-	-	-	Income from investment in related companies		214	137	131	36	355
176	84	15	129	182	Net return on financial investments	1,2	185	43	56	-17	106
547	396	263	487	493	Net return on financial investments		459	211	201	49	502
2,981	1,011	903	1,616	1,764	Total income		2,081	1,670	1,026	849	3,580
592	153	152	310	313	Staff costs		500	477	245	237	923
357	92	105	170	203	Administration costs		248	214	126	117	447
248	61	50	121	95	Other operating expenses		136	159	72	81	352
1,197	306	306	601	611	Total operating expenses	4	884	850	443	436	1,722
1,783	705	596	1,015	1,153	Result before losses		1,197	820	583	413	1,859
82	18	14	33	29	Loss on loans, guarantees etc.	2,6,7	32	38	15	21	101
1,701	687	583	982	1,124	Result before tax	3	1,165	782	568	391	1,758
358	88	90	158	182	Tax charge		202	179	103	102	388
6	-	-	6	-	Result investment held for sale, after tax	3	0	3	-1	-4	30
1,348	599	492	830	942	Net profit		963	606	464	285	1,400
					Majority share		959	600	461	281	1,390
					Minority interest		5	6	3	4	10

					Profit per ECC		4.80	3.02	2.31	1.45	6.97
					Diluted profit per ECC		4.77	2.99	2.29	1.43	6.92

Other comprehensive income

Parent bank						Group
2013	2Q 13	2Q 14	30 Jun 2013	30 Jun 2014	(NOKm)	30 Jun 2014	30 Jun 2013	2Q 14	2Q 13	2013
1,348	599	492	830	942	Net profit	963	606	464	285	1,400
					Items that will not be reclassified to profit/loss
-9	-	-89	-	-89	Actuarial gains and losses pensions	-95	-	-95	-	-11
3	-	24	-	24	Tax	26	-	26	-	3
-	-	-	-	-	Share of other comprehensive income of associates and joint venture	-2	7	-3	-4	11
-7	-	-65	-	-65	Total	-71	7	-73	-4	3

					Items that will be reclassified to profit/loss
-	-	-	-	-	Available-for-sale financial assets	-	-	-	-	-6
-	-	-	-	-	Share of other comprehensive income of associates and joint venture	-	-4	-	-0	14
-	-	-	-	-	Tax	-	-	-	-	-
-	-	-	-	-	Total	-	-4	-	-0	8
1,342	599	428	830	878	Total other comprehensive income	892	609	391	281	1,411
					Majority share of comprehensive income	887	603	388	277	1,401
					Minority interest of comprehensive income	5	6	3	4	10
Other comprehensive income comprise items reflected directly in equity capital that are not transactions with owners, cf. IAS 1.

Parent bank						Group
2013	2Q 13	2Q 14	30 Jun 2013	30 Jun 2014	Result as per cent of average total assets:	30 Jun 2014	30 Jun 2013	2Q 14	2Q 13	2013
1.34	1.34	1.39	1.25	1.36	Net interest	1.46	1.35	1.49	1.44	1.44
0.85	0.87	0.86	0.81	0.87	Commission income and other income	1.35	1.29	1.37	1.42	1.31
0.49	1.42	0.92	0.89	0.86	Net return on financial investments	0.80	0.38	0.70	0.17	0.45
1.08	1.10	1.08	1.10	1.07	Total operating expenses	1.53	1.54	1.54	1.56	1.54
1.61	2.54	2.09	1.85	2.02	Result before losses	2.08	1.48	2.02	1.47	1.66
0.07	0.06	0.05	0.06	0.05	Loss on loans, guarantees etc.	0.05	0.07	0.05	0.08	0.09
1.54	2.47	2.05	1.79	1.97	Result before tax	2.02	1.41	1.97	1.40	1.57
0.40	0.30	0.34	0.37	0.35	Cost -income ratio	0.42	0.51	0.43	0.51	0.48
73 %			74 %	73 %	Loan-to-deposit ratio	70 %	70 %			70 %
14.7 %	26.6 %	19.5 %	18.7 %	18.8 %	Return on equity	16.8 %	11.9 %	16.0 %	11.1 %	13.3 %