Consolidated income statement

in CHF 1,000

Note

2012

2011

adjusted 1 

Variance
absolute

Variance
in %

Interest income

 

109,499

118,841

–9,342

–7.9

Interest expense

 

26,033

52,242

–26,209

–50.2

Total interest income

1

83,466

66,599

16,867

25.3

Commission income

 

159,285

165,963

–6,678

–4.0

Commission expense

 

44,191

44,038

153

0.3

Total income from commission business and services

2

115,094

121,925

–6,831

–5.6

Income from trading activities

3

21,147

29,367

–8,220

–28.0

Income from financial instruments

4

19,471

5,912

13,559

229.3

Other income

5

3,222

655

2,567

391.9

Total net operating income

 

242,400

224,458

17,942

8.0

 

 

 

 

 

 

Personnel expenses

6

104,384

125,947

–21,563

–17.1

General and administrative expenses

7

48,416

52,871

–4,455

–8.4

Operating expenses

 

152,800

178,818

–26,018

–14.5

Gross income

 

89,600

45,640

43,960

96.3

 

 

 

 

 

 

Depreciation and amortisation

8

29,445

33,636

–4,191

–12.5

Valuation allowances, provisions and losses

9

11,059

5,769

5,290

91.7

Income before income tax

 

49,096

6,235

42,861

687.4

 

 

 

 

 

 

Taxes on income

10a

1,895

973

922

94.8

Net income

 

47,201

5,262

41,939

797.0

 

 

 

 

 

 

Net income attributable to minority interests

 

54

2,058

–2,004

–97.4

Net income attributable to the shareholders of
Verwaltungs- und Privat-Bank AG, Vaduz

 

47,147

3,204

43,943

n.a.

 

 

 

 

 

 

Undiluted consolidated earnings per share of Verwaltungs- und Privat-Bank AG, Vaduz

 

 

 

Net income attributable to the shareholders of
Verwaltungs- und Privat-Bank AG, Vaduz (in CHF 1,000)

 

47,147

3,204

 

 

Weighted average number of bearer shares

 

5,174,812

5,163,336

 

 

Weighted average number of registered shares

 

5,963,174

5,967,975

 

 

Total weighted average number of bearer shares

 

5,771,129

5,760,134

 

 

Undiluted net income per bearer share

 

8.17

0.56

 

 

Undiluted net income per registered share

 

0.82

0.06

 

 

 

 

 

 

 

 

Fully diluted consolidated earnings per share of Verwaltungs- und Privat-Bank AG, Vaduz

 

 

 

Adjusted net income attributable to the shareholders of
Verwaltungs- und Privat-Bank AG, Vaduz (in CHF 1,000)

 

47,147

3,204

 

 

Number of shares used to compute
the fully diluted consolidated income

 

5,771,129

5,760,134

 

 

Fully diluted consolidated income per bearer share

 

8.17

0.56

 

 

Fully diluted consolidated income per registered share

 

0.82

0.06

 

 

  1. Details can be found in note 41 and in Article 2 of the “Principles underlying financial statement reporting”: “Changes to the principles of financial statement reporting and comparability”.