Total impairments in 1Q20 were NOK 5.8 bn. For the IFRS9 ECL model, we have assumed GDP growth of -2% and an oil price of USD 43/barrel for 2020 (average).
Sensitivity:
- An additional -5% in decline in GDP would total an additional impairment provision of approx. NOK 300 million
- An average oil price of USD 30/barrel for 2020 would total an additional impairment provision of approx. NOK 287 million