Income statement

Parent bank     Group
      First half     First half      
2017 2Q 17 2Q 18 2017 2018* (NOKm) Note 2018* 2017 2Q 18 2Q 17 2017
3,571 883 910 1,759 1,797 Interest income    1,951 1,877 989 945 3,825
     465   923 Of which interest income at amortised cost   1,079    544    
1,599 411 404 808 795 Interest expenses    802 811 408 413 1,600
1,972 472 506 951 1,002 Net interest  10 1,149 1,066 581 532 2,225
1,098 268 274 513 551 Commission income   700 658 361 349 1,390
98 24 26 45 45 Commission expenses   82 74 45 38 168
38 9 8 17 18 Other operating income   530 409 291 227 783
1,038 253 256 485 523 Commission income and other income   1,149 993 607 538 2,005
629 561 493 608 495 Dividends   6 4 4 3 6
- - - - - Income from investment in related companies 3 181 165 102 94 437
146 25 130 33 169 Net return on financial investments 3 293 100 195 35 317
776 586 623 641 664 Net return on financial investments   480 269 300 131 760
3,786 1,311 1,385 2,077 2,190 Total income   2,778 2,328 1,488 1,202 4,989
575 150 150 302 305 Staff costs   817 706 413 362 1,426
634 158 176 311 327 Other operating expenses   490 463 248 236 943
1,209 307 326 613 632 Total operating expenses  11 1,306 1,169 661 598 2,369
2,577 1,004 1,059 1,464 1,557 Result before losses   1,471 1,159 827 604 2,621
323 80 67 167 112 Loss on loans, guarantees etc. 6.7 127 175 78 86  341
2,253 924 992 1,296 1,445 Result before tax 3 1,345 984 748 518 2,279
403 89 127 174 241 Tax charge   287 210 156 111 450
- - 80 - 80 Result investment held for sale, after tax  2, 3  151 2 150 3 -1
1,850 835 944 1,123 1,285 Net profit   1,209 776 743 409 1,828
33 8 9 17 19 Attributable to additional Tier 1 Capital holders    20 17 9 8 33
1,162 529 598 707 809 Attributable to Equity capital certificate holders    743 474 457 247 1,128
655 298 338 399 457 Attributable to the saving bank reserve    419 267 258 139 636
- - - - - Attributable to non-controlling interests   27 17 19 14 32
1,850 835 944 1,123 1,285 Net profit   1,209 776 743 409 1,828
          Profit/diluted profit per ECC 17 5.75 3.66 3.54 1.92 8.71

* The income statement for first half 2018 reflect IFRS 9 implementation from 1 January 2018. For further information about the transition, see note 2 and 45 in the annual report for 2017. Comparative figures have not been restated.

Other comprehensive income

Parent bank    Group
      First half   First half      
2017 2Q 17 2Q 18 2017 2018 (NOKm) 2018 2017 2Q 18 2Q 17 2017
1,850 835 944 1,123 1,285 Net profit 1,209 776 743 409 1,828
          Items that will not be reclassified to profit/loss          
-24 - - - - Actuarial gains and losses pensions -3 - - - -20
6 - - - - Tax  1 - - - 5
- - - - - Share of other comprehensive income of associates and joint venture 1 1 3 -2 4
-18 - - - - Total -1 1 3 -2 -11
                      
          Items that will be reclassified to profit/loss          
15 9 7 9 7 Fair value change on financial assets through other comprehensive income 7 9 7 9 15
- - -4 - -2 Value changes on loans measured at fair value  -2 - -4 - -
- - - - - Share of other comprehensive income of associates and joint venture -11 1 -18 1 4
- - - - - Tax   -0 - 0 - -
15 9 3 9 5 Total  -6 10 -15 10 19
1,847 844 947 1,132 1,290 Total other comprehensive income 1,202 787 731 417 1,836
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