Income statement
in CHF 1,000 (Art. 24c FL-BankV) | 2012 | 2011 | Variance | Variance |
Interest income | 93,838 | 120,963 | –27,125 | –22.4 |
of which from interest-bearing securities | 18,439 | 17,622 | 817 | 4.6 |
of which from trading transactions | –406 | –782 | 376 | –48.1 |
Interest expenses | 23,044 | 46,435 | –23,391 | –50.4 |
Income from interest-differential business | 70,794 | 74,528 | –3,734 | –5.0 |
Current income from securities | 12,499 | 6,741 | 5,758 | 85.4 |
• shares and other non-interest-bearing securities | 7,358 | 5,404 | 1,954 | 36.2 |
of which from trading transactions | 0 | 0 | 0 | 0.0 |
• participations | 5 | 11 | –6 | –54.5 |
• shares in affiliated companies | 5,136 | 1,326 | 3,810 | 287.3 |
Income from commission business and services | 73,026 | 78,622 | –5,596 | –7.1 |
• commission income from credit business | 793 | 773 | 20 | 2.6 |
• commission income from securities and investing business | 64,127 | 69,667 | –5,540 | –8.0 |
• commission income from other services | 8,106 | 8,182 | –76 | –0.9 |
Commission expenses | 13,350 | 13,309 | 41 | 0.3 |
Income from commission business and services | 59,676 | 65,313 | –5,637 | –8.6 |
Income from financial transactions | 17,286 | 5,911 | 11,375 | 192.4 |
of which from trading transactions | 13,733 | 20,171 | –6,438 | –31.9 |
Other ordinary income | 3,870 | 1,301 | 2,569 | 197.2 |
• income from real estate | 248 | 249 | –1 | –0.3 |
• other ordinary income | 3,622 | 1,052 | 2,570 | 244.0 |
Total net operating income | 164,125 | 153,794 | 10,331 | 6.7 |
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Operating expenses | 101,292 | 111,205 | –9,913 | –8.9 |
• personnel expenses | 71,271 | 75,596 | –4,325 | –5.7 |
• general and administrative expenses | 30,021 | 35,609 | –5,588 | –15.7 |
Gross profit | 62,833 | 42,589 | 20,244 | 47.5 |
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Depreciation and amortisation of intangible assets and property and equipment | 25,616 | 28,196 | –2,580 | –9.1 |
Other ordinary expenses | 6,041 | 1,278 | 4,763 | 372.7 |
Valuation allowances on receivables and increases in provisions | 9,827 | 6,728 | 3,099 | 46.1 |
Income from release of valuation allowances on receivables and | 4,090 | 7,350 | –3,260 | –44.4 |
Write-offs on participations, shares in affiliated companies and | 15,531 | 5,500 | 10,031 | 182.4 |
Earnings from appreciations on participations, shares in affiliated companies | 12,081 | 4,000 | 8,081 | 202.0 |
Income from normal business operations | 21,989 | 12,237 | 9,752 | 79.7 |
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Extraordinary income | 0 | 0 | 0 | 0.0 |
Extraordinary expenses | 0 | 0 | 0 | 0.0 |
Taxes on income | 101 | 252 | –151 | –59.8 |
Other taxes if not included in above items | 0 | –18 | 18 | –100.0 |
Increases in provisions for general banking risks / | 0 | 0 | 0 | 0.0 |
Net income for the year | 21,887 | 12,004 | 9,883 | 82.3 |
Appropriation of income
in CHF 1,000 (Art. 24c FL-BankV) | 2012 | 2011 | Variance | Variance |
Net income for the year | 21,887 | 12,004 | 9,883 | 82.3 |
Retained earnings brought forward | 7,592 | 4,460 | 3,132 | 70.2 |
Retained earnings | 29,479 | 16,464 | 13,015 | 79.1 |
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Appropriation of retained earnings |
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• appropriation to other reserves | 0 | 0 | 0 | 0.0 |
• distribution on the basis of company capital | 14,787 | 8,872 | 5,915 | 66.7 |
• release from other reserves | 0 | 0 | 0 | 0.0 |
Retained earnings to be carried forward | 14,692 | 7,592 | 7,100 | 93.5 |