Income statement

Parent bank						Group
Q4 14	Q4 15	2014	2015	(NOKm)	Note	2015	2014	Q4 15	Q4 14
1,091	916	4,223	3,865	Interest income		4,031	4,265	962	1,103
647	490	2,578	2,161	Interest expenses		2,159	2,475	489	618
444	426	1,644	1,703	Net interest	1	1,872	1,790	473	485
262	257	1,031	1,005	Commission income		1,245	1,281	309	323
33	28	104	103	Commission expenses		135	113	38	33
12	10	47	220	Other operating income		435	344	107	81
241	238	973	1,123	Commission income and other income		1,545	1,512	378	371
-	1	311	471	Dividends		25	65	3	5
-	-	-	-	Income from investment in related companies		448	527	121	144
9	-33	197	-125	Net return on financial investments	1,2	-14	128	-15	-58
9	-32	508	346	Net return on financial investments		459	720	109	91
694	633	3,125	3,172	Total income		3,876	4,021	959	947
184	148	645	588	Staff costs	2	1,093	1.002	280	267
104	111	410	419	Administration costs		568	500	157	129
61	68	209	210	Other operating expenses		270	287	78	83
349	327	1,265	1,217	Total operating expenses	4	1,931	1,789	515	479
344	306	1,860	1,955	Result before losses		1,945	2,232	444	467
32	53	83	159	Loss on loans, guarantees etc.	2,6,7	169	89	56	34
313	252	1,777	1,796	Result before tax	3	1,776	2,143	388	434
60	75	330	325	Tax charge		370	362	100	60
-	-	-	-	Result investment held for sale, after tax	3	-1	0	-0	0
253	177	1,447	1,471	Net profit		1,406	1,782	287	375
				Attributable to:
				Equity holders of parent company		1,410	1,772	291	372
				Equity holders of non-controlling interests		-4	10	-4	2

				Profit per ECC		7.00	8.87	1.44	1.87
				Diluted profit per ECC		7.02	8.82	1.46	1.85

Other comprehensive income

Parent bank					Group
4Q 14	4Q 15	2014	2015	(NOKm)	2015	2014	4Q 15	4Q 14
253	177	1,447	1,471	Net profit	1,406	1,782	287	375
				Items that will not be reclassified to profit/loss
-23	109	-111	109	Actuarial gains and losses pensions	115	-117	114	-21
5	-27	29	-27	Tax	-28	31	-28	6
-	-	-	-	Share of other comprehensive income of associates and joint venture	36	-9	0	-12
-17	82	-82	82	Total	123	-94	88	-27
				Items that will be reclassified to profit/loss				-
-	75	-	75	Available-for-sale financial assets	78	-2	78	-2
-	-	-	-	Share of other comprehensive income of associates and joint venture	1	0	1	0
-	-1	-	-1	Tax	-1	-	-1	-
-	-	74	74	Total	78	-2	77	-2
235	333	1,365	1,627	Total Comprehensive income	1,607	1,685	452	345
				Attributable to:
				Equity holders of parent company	1,611	1,676	456	343
				Equity holders of non-controlling interests	-4	10	-4	2

Other comprehensive income comprise items reflected directly in equity capital that are not transactions with owners, cf. IAS 1

Parent bank					Group
4Q 14	4Q 15	2014	2015	Result as per cent of average total assets:	2015	2014	4Q 15	4Q 14
1.48	1.32	1.41	1.34	Net interest	1.46	1.52	1.45	1.59
0.80	0.74	0.84	0.89	Commission income and other income	1.20	1.28	1.16	1.22
0.03	-0.10	0.44	0.27	Net return on financial investments	0.36	0.61	0.33	0.30
1.16	1.02	1.09	0.96	Total operating expenses	1.50	1.52	1.58	1.58
1.15	0.95	1.60	1.54	Result before losses	1.52	1.89	1.36	1.54
0.11	0.17	0.07	0.13	Loss on loans, guarantees etc.	0.13	0.08	0.17	0.11
1.04	0.78	1.53	1.42	Result before tax	1.38	1.82	1.19	1.43
0.50	0.52	0.40	0.38	Cost -income ratio	0.50	0.44	0.54	0.51
		70 %	72 %	Loan-to-deposit ratio	68 %	67 %
9.4 %	6.0 %	14.1 %	13 %	Return on equity	10.7 %	15.1 %	8.4 %	12.1 %