Income statement
in CHF 1,000 (Art. 24c FL-BankV) | 2013 | 2012 | Variance | Variance |
Interest income | 77,652 | 93,838 | –16,186 | –17.2 |
of which from interest-bearing securities | 16,840 | 18,439 | –1,599 | –8.7 |
of which from trading transactions | 0 | –406 | 406 | –100.0 |
Interest expenses | 15,411 | 23,044 | –7,633 | –33.1 |
Income from interest-differential business | 62,241 | 70,794 | –8,553 | –12.1 |
Current income from securities | 13,582 | 12,499 | 1,083 | 8.7 |
• shares and other non-interest-bearing securities | 3,553 | 7,358 | –3,805 | –51.7 |
of which from trading transactions | 0 | 0 | 0 | 0.0 |
• participations | 8 | 5 | 3 | 60.0 |
• shares in affiliated companies | 10,021 | 5,136 | 4,885 | 95.1 |
Income from commission business and services | 76,119 | 73,026 | 3,093 | 4.2 |
• commission income from credit business | 591 | 793 | –202 | –25.5 |
• commission income from securities and investing business | 66,169 | 64,127 | 2,042 | 3.2 |
• commission income from other services | 9,359 | 8,106 | 1,253 | 15.5 |
Commission expenses | 12,302 | 13,350 | –1,048 | –7.9 |
Income from commission business and services | 63,817 | 59,676 | 4,141 | 6.9 |
Income from financial transactions | 23,162 | 17,286 | 5,876 | 34.0 |
of which from trading transactions | 13,418 | 13,733 | –315 | –2.3 |
Other ordinary income | 6,313 | 3,870 | 2,443 | 63.1 |
• income from real estate | 351 | 248 | 103 | 41.3 |
• other ordinary income | 5,962 | 3,622 | 2,340 | 64.6 |
Total net operating income | 169,115 | 164,125 | 4,990 | 3.0 |
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Operating expenses | 102,682 | 101,292 | 1,390 | 1.4 |
• personnel expenses | 75,618 | 71,271 | 4,347 | 6.1 |
• general and administrative expenses | 27,064 | 30,021 | –2,957 | –9.8 |
Gross profit | 66,433 | 62,833 | 3,600 | 5.7 |
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Depreciation and amortisation of intangible assets and property and equipment | 22,438 | 25,616 | –3,178 | –12.4 |
Other ordinary expenses | 170 | 6,041 | –5,871 | –97.2 |
Valuation allowances on receivables and increases in provisions | 5,311 | 9,827 | –4,516 | –46.0 |
Income from release of valuation allowances on receivables and | 3,493 | 4,090 | –597 | –14.6 |
Write-offs on participations, shares in affiliated companies and | 305 | 15,531 | –15,226 | –98.0 |
Gains from appreciations on participations, shares in affiliated companies | 0 | 12,081 | –12,081 | –100.0 |
Income from normal business operations | 41,702 | 21,989 | 19,713 | 89.7 |
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Extraordinary income | 0 | 0 | 0 | 0.0 |
Extraordinary expenses | 0 | 0 | 0 | 0.0 |
Taxes on income | 501 | 101 | 400 | 395.3 |
Other taxes if not included in above items | 0 | 0 | 0 | 0.0 |
Increases in provisions for general banking risks / | 0 | 0 | 0 | 0.0 |
Net income for the year | 41,201 | 21,887 | 19,314 | 88.2 |
Appropriation of income
in CHF 1,000 (Art. 24c FL-BankV) | 2013 | 2012 | Variance | Variance |
Net income for the year | 41,201 | 21,887 | 19,314 | 88.2 |
Retained earnings brought forward | 14,692 | 7,592 | 7,100 | 93.5 |
Retained earnings | 55,893 | 29,479 | 26,414 | 89.6 |
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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 | 20,702 | 14,787 | 5,915 | 40.0 |
• release from other reserves | 0 | 0 | 0 | 0.0 |
Retained earnings to be carried forward | 35,191 | 14,692 | 20,499 | 139.5 |