Note 23 Restated financial figures The Bank changed accounting practices of monthly fees to customers in Q4 2021, and comparable figures for the line items ”Interest income” and ”Commission income and fees” have therefore been adjusted. These fees have previously been presented as a part of commission income and fees but are now presented as part of interest income. The table below illustrates the change in previously reported figures and restated figures: Amounts in NOK million Reported 2020 Adjusted 2020 Change Interest income 1,171.9 1,213.9 42.0 Interest expenses -144.8 -144.8 - Net interest income 1,027.1 1,069.1 42.0 Commission income and fees 111.0 69.0 -42.0 Commission expeneses and fees -49.3 -49.3 - Net commissions and fees 61.7 19.7 -42.0 Net gains/(losses) on certificates, bonds and currency 11.6 11.6 - Total income 1,100.4 1,100.4 - Note 24 Off-balance-sheet items Unused limits and credit facilities as at 31 December 2021 was NOK 3 233.4 million (31 December 2020: NOK 2 813.5 million). Approved and offered loans not yet paid out amounted NOK 296.2 million as at 31 December 2021 (31 desember 2020: NOK 270.3 million) The tax authorities in Norway disagreed with the Bank’s treatment of reverse charge of VAT for certain services after their local control for the period January 2017 to April 2018. The Bank received a conclusion in August 2021 that stated missing payments of reverse charge, amounted to NOK 2.2 million, and in addition extra tax and interest of NOK 0.6 million. The Bank disagrees with the tax authorities’ conclusion and has appealed the decision to the Tax Appeals Board in Norway, and consequently, has not been recorded any entry in the books as at 31 December 2021. Note 25 Subsequent events The Board is not aware of events after the balance sheet datethat are of significant importance to the annual financial statements. 88 Notes to the financial statements
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