Information regarding balance sheet and income statement

Analysis of collateral

in CHF 1,000 (Art. 24e Par. 1 Point 3.1 FL-BankV)	Mortgage collateral	Other collateral	Without collateral	Total
Loans
Due from clients (excluding mortgage loans)	18,883	381,861	272,343	673,087
Mortgage loans secured by	2,489,115	69,698	24,368	2,583,181
• residential property	2,018,484	0	0	2,018,484
• office and business premises	39,519	0	0	39,519
• commercial and industrial property	383,293	0	0	383,293
• other	47,819	69,698	24,368	141,885
Total loans, 31/12/2013	2,507,998	451,559	296,711	3,256,268
Total loans, 31/12/2012	2,379,494	414,433	314,608	3,108,535

Off-balance-sheet amounts
Contingent liabilities	572	45,289	12,150	58,011
Irrevocable facilities granted	8,049	1,022	20,453	29,524
Total off-balance-sheet amounts, 31/12/2013	8,621	46,311	32,603	87,535
Total off-balance-sheet amounts, 31/12/2012	6,637	65,137	30,827	102,601

Value-impaired loans

in CHF 1,000	Gross amount owed	Estimated liquidation proceeds from collateral	Net amount owed	Individual value adjustments
Total value-impaired loans, 31/12/2013	38,348	18,718	19,630	19,630
Total value-impaired loans, 31/12/2012	46,028	16,602	29,426	29,426

Portfolios of securities and precious metals

in CHF 1,000	Carrying value		Acquisition cost		Market value
(Art. 24e Par. 1 Point 3.2 FL-BankV)	31/12/2013	31/12/2012	31/12/2013	31/12/2012	31/12/2013	31/12/2012
Trading portfolios of securities and precious metals
Debt securities	0	0	0	0	0	0
Equity shares	1,313	261	1,355	597	1,313	261
of which equity shares in the treasury	1,313	261	1,355	597	1,313	261
Precious metals	230	103	238	106	230	103
Total	1,543	364	1,593	703	1,543	364

Material receivables and liabilities included in other balance-sheet positions which are marked to market value and whose revaluation is recorded in the item “gains/losses from trading transactions”:
Positive replacement values of derivative financial instruments in trading portfolios (other assets)	28,696	34,977			28,696	34,977
Negative replacement values of derivative financial instruments in trading portfolios (other liabilities)	27,278	35,999			27,278	35,999
Total	55,974	70,976			55,974	70,976

Portfolios of securities and precious metals in current assets (excluding trading portfolios)
Debt securities	1,009,995	779,666	1,036,571	807,212	1,032,510	812,038
Equity shares	78,582	77,047	124,281	133,514	87,869	86,468
of which equity shares in the treasury	9,458	8,450	24,538	32,886	9,458	8,450
Precious metals	0	0	0	0	0	0
Total	1,088,577	856,713	1,160,852	940,726	1,120,379	898,506
of which repo-eligible securities	739,468	560,104	757,005	582,092	756,850	584,654
of which exchange-listed securities	1,001,191	754,051	1,046,092	811,072	1,026,113	785,845

Disclosures on treasury shares included in current assets (excluding trading portfolios)

in numbers / in CHF 1,000 (Art. 24e Par. 1 Point 3.2 FL-BankV)	Amount		Carrying value
	2013	2012	2013	2012
Balance at the beginning of the year	130,000	150,000	8,450	12,450
Purchase
Disposals	–33,000	–20,000	–2,605	–1,540
Valuation allowances				–2,460
Appreciation			3,613
Balance at the end of the year	97,000	130,000	9,458	8,450

Participations and shares in affiliated companies

in CHF 1,000 (Art. 24e Par. 1 Point 3.2 FL-BankV)	Carrying value 31/12/2013	Carrying value 31/12/2012
Participations
without quoted market value	127	127
Total participations	127	127

Shares in affiliated companies
without quoted market value 1	110,435	97,304
Total shares in affiliated companies	110,435	97,304

In 2013, no recoveries in value pursuant to Art. 1090 PGR were recorded (prior year: CHF 12.1 million).

in CHF 1,000 (Art. 24e Par. 1 Point 3.3 FL-BankV)	31/12/2013			31/12/2012
	Currency	Corporate capital	Percentage ownership	Currency	Corporate capital	Percentage ownership
Participations
Finarbit AG, Küsnacht (money-market and foreign-exchange broker)	CHF	1,500	5%	CHF	1,500	5%
Data Info Services AG, Vaduz (procurement, trade and exchange of goods and services)	CHF	50	50%	CHF	50	50%

Shares in affiliated companies
FIB Finanz- und Beteiligungs-AG, Vaduz (investment company)				CHF	50	100%
IGT Intergestions Trust reg., Vaduz 2 (trustee company)				CHF	100	100%
IFOS Internationale Fonds Service AG, Vaduz (fund management company)	CHF	1,000	100%	CHF	1,000	100%
VP Bank and Trust Company (BVI) Limited, Tortola 3 (holding company)				USD	11,000	60%
VPB Finanz Holding AG, Zurich 1 (holding company)	CHF	20,000	100%	CHF	20,000	100%
VP Bank (Luxembourg) S.A., Luxembourg (bank)	CHF	20,000	100%	CHF	20,000	100%
Proventus Treuhand und Verwaltung AG, Vaduz 2 (trustee company)				CHF	250	100%
VP Verwaltung GmbH, Munich (management company)	EUR	500	100%	EUR	500	100%
VP Wealth Management (Hong Kong) Ltd., Hong Kong (asset management company)	HKD	5,000	100%	HKD	5,000	100%
VP Bank (Singapore) Ltd., Singapore (bank)	SGD	54,500	100%	SGD	54,500	100%
VP Bank (BVI) Limited, Tortola 3 (bank)	USD	10,000	100%

There is a subordinated loan of CHF 6.0 million in favour of VP Bank (Switzerland) Ltd. which is a 100%-owned subsidiary company of VPB Finanz Holding AG, Zurich.
During a process of strategic redirection, the Board of Directors decided to dispose of the Group‘s own trust and fiduciary companies. The subsidiary company IGT Intergestions Trust reg. in Vaduz was spun off from VP Bank Group as part of a management buyout; all employees were transferred to the existing company.
VP Bank Group also simplified the structures of its umbrella holding company VP Bank and Trust Company (BVI) Limited in Tortola on the British Virgin Islands, which was a joint venture with the Liechtenstein-based Allgemeines Treuunternehmen (ATU). VP Bank Group also purchased the entire share capital of VP Bank (BVI) Limited and transferred the remaining participations to Allgemeines Treuunternehmen (ATU).

The carrying value of affiliated banks included under shares in affiliated companies amounts to CHF 105.1 million including subordinated loans (previous year: CHF 81.0 million).

Overview of investments

in CHF 1,000	Acqui- sition cost	Cumulative depreciation to date	Carrying value 31/12/2012	Financial year 2013					Carrying value 31/12/2013
(Art. 24e Par. 1 Point 3.4 FL-BankV)	Acqui- sition cost	Cumulative depreciation to date	Carrying value 31/12/2012	Investments	Divestments	Revaluations	Depr. and amortisation	Depr. and amort. on disposal	Carrying value 31/12/2013
Total participations (minority participations)	255	–128	127						127
Total shares in affiliated companies	148,235	–50,931	97,304	24,380	–10,944		–305		110,435
Total intangible assets (excluding goodwill)	126,176	–96,397	29,779	3,069	–359		–13,858	359	18,990
Real estate
• bank premises	196,412	–101,484	94,928	2,140			–5,843		91,225
• other real estate	17,214	–714	16,500						16,500
Other property and equipment	38,404	–34,517	3,887	2,411	–4,931		–2,737	4,931	3,561
Total property and equipment	252,030	–136,715	115,315	4,551	–4,931		–8,580	4,931	111,286

Fire-insurance values of real estate			168,790						168,790
Fire-insurance values of other property and equipment			28,120						28,120

Future commitments under operating leases

At year-end, there were various operating lease contracts for real estate and other property and equipment which are principally used to conduct the business activities of the Bank. The material lease contracts include renewal options as well as escape clauses.

in CHF 1,000 (Art. 1092 Point 3 PGR)	31/12/2013	31/12/2012
Total minimum commitments arising from operating leases	10,374	13,750

Operating expenses as of 31 December 2013 include CHF 3.118 million arising from operating leases (previous year: CHF 2.792 million).

Assets pledged or assigned to secure own or third-party liabilities
and assets subject to reservation of title

in CHF 1,000 (Art. 24k Par. 1 and Art. 24e Par. 1 Point 3.6 FL-BankV)	31/12/2013	31/12/2012
Assets pledged or assigned to secure own or third-party liabilities and assets subject to reservation of title excluding securities lending/borrowing and repo transactions
Carrying value of assets pledged or assigned as security	351,814	560,104
Effective liabilities	0	0

Securities lending/borrowing and repurchase transactions
Amounts receivable arising from cash deposits in connection with securities borrowing and reverse repurchase transactions	335,739	511,738
Amounts payable arising from cash deposits in connection with securities lending and repurchase transactions	0	149,993
Securities owned by the Bank lent out within the scope of securities lending or delivered as collateral within the scope of securities borrowing or transferred within the scope of repurchase transactions	360,667	575,966
of which securities for which an unconditional right has been granted to sell on or repledge	244,821	303,384
Securities received as collateral within the scope of securities lending or borrowed within the scope of securities borrowing or received within the scope of reverse repurchase transactions in the case of which the unconditional right to sell on or repledge was granted	719,688	974,065
of which securities repledged or sold on	106,593	125,407

Liabilities to own retirement pension plans

in CHF 1,000 (Art. 24e Par. 1 Point 3.7 FL-BankV)	31/12/2013	31/12/2012
Due to customers	34,199	25,651
Securitised liabilities	1,510	0
Other liabilities	1,498	3,312
Total liabilities to own retirement pension plans	37,207	28,963

Outstanding debenture loan

in CHF 1,000 (Art. 24e Par. 1 Point 3.8 FL-BankV)	Interest rate in %	Year of issue	Maturity	Nominal amount 31/12/2013	Nominal amount 31/12/2012
VP Bank debenture issue	2.500	2010	27/05/2016	200,000	200,000

Valuation allowances/provisions for general banking risks

in CHF 1,000 (Art. 24e Par. 1 Point 3.9 FL-BankV)	01/01/2013	Utilisation in accordance with purpose	Recoveries, overdue interest, forex diff.	Charges to income statement	Releases to income statement	31/12/2013
Valuation allowances for default risks
• individual valuation allowances	29,427	11,908	829	3,583	2,300	19,631
• individual valuation allowances made on lump-sum basis	0					0
• lump-sum valuation allowances	18,209			262	623	17,848
• individual valuation allowances made on lump-sum basis for country risks	1,000			1,250		2,250
Provisions for contingent liabilities and credit risks	225				28	197
Provisions for other business risks	0					0
Provisions for taxes and deferred taxes	100			500		600
Other provisions	8,762	856		3,514	542	10,878
Total valuation allowances and provisions	57,723	12,764	829	9,109	3,493	51,404
less: valuation allowances	47,635					37,478
Total provisions as per balance sheet	10,088					13,926
Provisions for general banking risks	63,150					63,150

Company capital

in CHF 1,000 (Art. 24e Par. 1 Point 3.10 FL-BankV)	31/12/2013			31/12/2012
	Total par value	Number	Capital entitled to dividends	Total par value	Number	Capital entitled to dividends
Bearer shares	53,143	5,314,347	53,143	53,143	5,314,347	53,143
Registered shares	6,005	6,004,167	6,005	6,005	6,004,167	6,005
Total company capital	59,148	11,318,514	59,148	59,148	11,318,514	59,148

Significant stakeholders and groups of stakeholders with interlinking voting rights

in CHF 1,000 (Art. 24e Par. 1 Point 3.10 FL-BankV)	31/12/2013			31/12/2012
	Par value	Share in % of par value	Share of voting rights in %	Par value	Share in % of par value	Share of voting rights in %
With voting rights
Stiftung Fürstlicher Kommerzienrat Guido Feger, Vaduz	14,717	24.9	48.4	14,717	24.9	48.4
U.M.M. Hilti-Stiftung, Schaan	6,065	10.3	10.6	6,065	10.3	10.6
Ethenea Independent Investors S.A., Luxembourg	8,355	14.1	7.4	7,950	13.4	7.0

Statement of changes in shareholders’ equity

in CHF 1,000 (Art. 24e Par. 1 Point 3.11 FL-BankV)	2013
Shareholders’ equity at the beginning of the financial year
Subscribed and paid-up capital	59,148
Legal reserves	239,800
Reserve for treasury shares	8,711
Other reserves	335,080
Provisions for general banking risks	63,150
Retained earnings	29,479
Total shareholders’ equity at the beginning of the financial year	735,368

in CHF 1,000 (Art. 24e Par. 1 Point 3.11 FL-BankV)	2013
Capital increase /reduction (–)	0
Other appropriations / releases from reserves (–)	298
Dividends and other distributions from net income of the previous year 1	–14,787
Net income for the financial year	41,201
Total shareholders’ equity at the end of the financial year	762,080

of which
Subscribed and paid-up capital	59,148
Legal reserves	239,800
Reserve for treasury shares	10,771
Other reserves	333,318
Provisions for general banking risks	63,150
Retained earnings	55,893

1 Only dividends to third parties.

Maturity structure of assets as well as liabilities and provisions

in CHF 1,000 (Art. 24e Par. 1 Point 3.12 FL-BankV)	Sight	Callable	Due within 3 months	Due after 3 to 12 months	Due after 12 months to 5 years	Due after 5 years	Without maturity	Total
Assets
Cash balances	1,256,071							1,256,071
Public-sector debt instruments and bills of exchange eligible for refinancing at central banks								0
Due from banks	778,733		1,501,377	873,183	6,860	378		3,160,531
Due from customers	1,804	216,046	1,118,666	398,038	1,085,191	436,523		3,256,268
of which mortgage receivables	1,804	114,859	750,755	253,000	1,024,947	437,816		2,583,181
Trading portfolios of securities and precious metals	1,543							1,543
Portfolios of securities and precious metals in current assets (excluding trading portfolios)	1,088,577							1,088,577
Other assets	195,667		243				107,725	303,635
Total assets, 31/12/2013	3,322,395	216,046	2,620,286	1,271,221	1,092,051	436,901	107,725	9,066,625
Total assets, 31/12/2012	2,660,880	234,291	3,638,116	710,635	1,116,840	439,305	111,428	8,911,495

Liabilities and provisions
Due to banks	1,111,738	76,406	25,714	24,485				1,238,343
Due to customers	5,241,827	909,822	175,681	182,481	1,336			6,511,147
• savings deposits		877,172						877,172
• other liabilities	5,241,827	32,650	175,681	182,481	1,336			5,633,975
Securitised liabilities			13,743	85,364	338,809	7,806		445,722
• issued debentures			13,743	85,364	338,809	7,806		445,722
of which medium-term notes			13,743	85,364	138,809	7,806		245,722
Provisions (excluding provisions for general banking risks)	13,926							13,926
Other liabilities	94,667		740					95,407
Total liabilities, 31/12/2013	6,462,158	986,228	215,878	292,330	340,145	7,806		8,304,545
Total liabilities, 31/12/2012	6,152,482	995,032	365,094	250,021	404,545	8,953		8,176,127

Debentures and other interest-bearing securities which mature in the following financial year								167,287
Issued debentures which mature in the following financial year								99,107

Receivables from and payables to participations, affiliated companies and qualifying participants,
as well as loans to governing bodies and material transactions with related persons

in CHF 1,000 (Art. 24e Par. 1 Point 3.13 FL-BankV)	31/12/2013	31/12/2012
Receivables from and payables to participations, affiliated companies and qualifying participants
Receivables from participations	0	0
Payables to participations	575	173
Receivables from affiliated companies	164,922	153,460
Payables to affiliated companies	1,112,188	947,853
Receivables from qualifying participants	0	0
Payables to qualifying participants	19,657	20,382

Loans to governing bodies
Members of the Executive Board and parties related thereto	5,460	2,470
Members of the Board of Directors and parties related thereto 1	3,635	3,941

Excluding receivables from related qualifying participants.

VP Bank Group also makes payments to related persons within the framework of brokerage services and bought-in advisory services. These correspond to customary market conditions. The aggregate amount of such payments and fees in 2013 totalled CHF 0.327 million (2012: CHF 0.253 million).

Remuneration paid to members of governing bodies

in CHF 1,000	Remuneration 1 ,2								Total remuneration
(Art. 663bbis Swiss Code of Obligations)	Fixed				Thereof in bearer shares (market value)		Pension fund, senior employee insurance
	2013		2012		2013	2012	2013	2012	2013	2012
Board of Directors
Fredy Vogt, Chairman A ,D ,F	605		400		151	100	68	43	673	443
Hans Brunhart, Chairman E			200			50			0	200
Dr Guido Meier, Vice Chairman B	115		115		29	29			115	115
Prof. Teodoro D. Cocca, BoD B ,F	86		80		22	20			86	80
Roland Feger, BoD D ,G	60		115		15	29			60	115
Walo Frischknecht, BoD C	135	3	135	3	34	34			135	135
Markus Thomas Hilti, BoD B	105		105		26	26			105	105
Max E. Katz, BoD D ,H	83		73		21	18			83	73
Dr Daniel H. Sigg, BoD D ,I	88		80		22	20			88	80
Total Board of Directors	1,276		1,303		319	326	68	43	1,344	1,346

Chairman of the Nomination & Compensation Committee
Member of the Nomination & Compensation Committee
Chairman of the Audit & Risk Management Committee
Member of the Audit & Risk Management Committee
up to Annual General Meeting 2012
as from Annual General Meeting 2012
up to Annual General Meeting 2013
up to September 2013
as from September 2013

Social-security costs and any applicable value-added taxes on the emoluments paid to the Board members are borne by VP Bank.
Compensation for out-of-pocket expenses is not included.
Including remuneration as representative of the Board of Directors in the pension fund.

in CHF 1,000			Remuneration 1 ,2 ,3						Total remuneration
(Art. 663bbis Swiss Code of Obligations)	Fixed basic salary 4		Short-Term Incentive (STI)		Long-Term Incentive (LTI)		Pension fund, senior employee insurance				Long-Term Incentive (LTI) (prospective entitlement) 6 number of bearer shares
	2013	2012	2013	2012	2013	2012	2013	2012	2013	2012	2013	2012
Executive Management	2,823	2,072	708	0	295	845	393	244	4,219	3,161	33,862	6,574

Highest remuneration
Juerg W. Sturzenegger, COO	540		175		98		78		891		5,157
Georg Wohlwend, Head of BLI 5		405		0		329		44		778		0

The model of variable remuneration with a Short-Term Incentive (STI) and Long-Term Incentive (LTI) is described in the Corporate Governance section (see Section 5.1.2, pages 78 f.). The number of bearer shares (eligibility from LTI – see last column) and the corresponding monetary value will not be defined until the end of the term of the plan (or at the time of transfer of the bearer shares). The calculation of the number of shares depends on the average economic profit over the performance period. The monetary benefit arising from the respective LTI programme is determined, by definition, by the equity share price at the time of ownership. The transfer of the bearer shares from the 2008–2012 and 2010–2012 LTI programmes was made in April 2013. The imputed entitlement shows the total number of shares under the LTI programmes for 2011–2013, 2012–2014 and 2013–2015, taking account of economic profits hitherto earned and of a time limit.

Compensation for out-of-pocket expenses is not included.
The compensation paid for the calendar year is reported.
The members of the Executive Board retiring during the financial year are included up to the date when they relinquish their functions.
Gifts for length of service are included.
Head of Banking Liechtenstein & Regional Market until 30 September 2012.
To the Executive Board members in office as of year-end (2013: 7 members).

	Shareholdings in VP Bank								Loans and credits		Related parties 1
	Number of shares (including related parties, excluding qualifying participants)										Loans and credits 2		Remuneration for services provided
	Registered shares				Bearer shares								Remuneration for services provided
	2013		2012		2013		2012		2013	2012	2013	2012	2013	2012
Board of Directors
Fredy Vogt					12,067		10,337		635	637
Dr Guido Meier	79,600	3	22,750	3	48,316	3	21,500	3	2,900	2,900			250
Prof. Teodoro D. Cocca					753		505							3
Roland Feger			40,350	3			30,651	3		404				250
Walo Frischknecht					2,274		1,885						65
Markus Thomas Hilti					5,039	3	4,737	3
Max E. Katz							274
Dr Daniel H. Sigg					3,480		928		100				12
Total Board of Directors	79,600		63,100		71,929		70,817		3,635	3,941	none	none	327	253

Alfred W. Moeckli, CEO 4					5,250
Martin Engler 5					300				2,260
Rolf Jermann					1,177		610		1,100	970
Günther Kaufmann 5					1,217
Siegbert Näscher, CFO 6					250		250		1,100	500
Christoph Mauchle 7					5,000
Juerg W. Sturzenegger, COO 6					2,198		900		1,000	1,000
Total Executive Management	none		none		15,392		1,760		5,460	2,470	none	none	none	none

Individual or legal entities which are economically, legally or de facto closely related to a member of one of the governing bodies.
As of the balance-sheet date, there were no loans or credits to related parties that were not granted at market conditions.
Excluding the number of shares of the significant shareholders (qualifying participants).
CEO as from 1 May 2013
GEL member as from 1 January 2013
CEO ad interim from mid-July 2012 until 30 April 2013
GEL member as from 1 October 2013

Balance sheet – domestic and abroad

in CHF 1,000	31/12/2013		31/12/2012
(Art. 24e Par. 1 Point 3.14 FL-BankV)	Domestic	Foreign	Domestic	Foreign
Assets
Cash balances	1,256,071		858,321
Due from banks	1,227,778	1,932,753	1,347,181	2,411,370
Due from customers	2,988,803	267,465	2,852,482	256,053
of which mortgage receivables	2,578,803	4,378	2,436,120	4,333
Debentures and other interest-bearing securities	1,996	1,007,999	4,981	774,685
Equity shares and other non-interest-bearing securities	43,789	25,335	39,782	28,815
Participations	127		127
Shares in affiliated companies	10,600	99,835	11,014	86,290
Intangible assets	18,990		29,779
Property and equipment	111,286		115,315
Treasury shares	10,771		8,711
Other assets	38,166	9,116	55,815	11,174
Accrued receivables and prepaid expenses	5,610	10,135	8,645	10,955
Total assets	5,713,987	3,352,638	5,332,153	3,579,342

Liabilities and shareholders’ equity
Due to banks	1,000,101	238,242	834,232	324,111
Due to customers	4,207,444	2,303,703	4,208,571	2,210,105
• savings deposits	727,216	149,956	707,601	150,288
• other liabilities	3,480,228	2,153,747	3,500,970	2,059,817
Securitised liabilities	445,722		487,870
Other liabilities	74,121	6,697	75,028	9,353
Accrued liabilities and deferred items	14,515	74	15,814	955
Provisions	13,926		10,088
Provisions for general banking risks	63,150		63,150
Subscribed capital	59,148		59,148
Income reserves	583,889		583,591
• legal reserves	239,800		239,800
• reserve for treasury shares	10,771		8,711
• other reserves	333,318		335,080
Retained earnings brought forward	14,692		7,592
Net profit for the year	41,201		21,887
Total liabilities and shareholders’ equity	6,517,909	2,548,716	6,366,971	2,544,524

In accordance with the Banking Ordinance (Art. 24e Par. 1), Switzerland counts as domestic.

Assets in individual countries / groups of countries

in CHF 1,000	31/12/2013		31/12/2012
(Art. 24e Par. 1 Point 3.15 FL-BankV)	Absolute	Share in %	Absolute	Share in %
Assets
Liechtenstein/Switzerland	5,713,987	63.0	5,332,153	59.8
Europe (excluding Liechtenstein/Switzerland)	2,786,892	30.8	2,963,985	33.3
North America	220,458	2.4	233,730	2.6
Caribbean	134,570	1.5	140,805	1.6
Asia	93,197	1.0	168,286	1.9
Other	117,521	1.3	72,536	0.8
Total assets	9,066,625	100.0	8,911,495	100.0

Balance sheet by currency

in CHF 1,000 (Art. 24e Par. 1 Point 3.16 FL-BankV)	CHF	USD	EUR	Other	Total
Assets
Cash balances	1,249,764	322	5,619	366	1,256,071
Due from banks	320,401	1,220,058	1,036,925	583,147	3,160,531
Due from customers	2,831,016	162,070	227,491	35,691	3,256,268
of which mortgage receivables	2,572,193		10,988		2,583,181
Debentures and other interest-bearing securities	429,824	258,605	321,566		1,009,995
Equity shares and other non-interest-bearing securities	23,628	18,118	27,378		69,124
Participations	127				127
Shares in affiliated companies	110,435				110,435
Intangible assets	18,990				18,990
Property and equipment	111,286				111,286
Treasury shares	10,771				10,771
Other assets	42,059	1,972	2,889	362	47,282
Accrued receivables and prepaid expenses	8,236	2,866	4,289	354	15,745
Total on-balance-sheet assets	5,156,537	1,664,011	1,626,157	619,920	9,066,625
Delivery claims arising from foreign-exchange spot, forward and option transactions	1,054,466	1,324,830	1,211,250	269,561	3,860,107
Total assets, 31/12/2013	6,211,003	2,988,841	2,837,407	889,481	12,926,732
Total assets, 31/12/2012	5,524,943	2,681,363	3,011,485	886,538	12,104,329

Liabilities and shareholders’ equity
Due to banks	293,751	478,865	289,820	175,907	1,238,343
Due to customers	2,759,930	1,562,408	1,754,521	434,288	6,511,147
• savings deposits	876,828	1	343		877,172
• other liabilities	1,883,102	1,562,407	1,754,178	434,288	5,633,975
Securitised liabilities	418,898	1,687	25,137		445,722
Other liabilities	54,808	17,836	7,846	328	80,818
Accrued liabilities and deferred items	14,434	57	54	44	14,589
Provisions	13,926				13,926
Provisions for general banking risks	63,150				63,150
Subscribed capital	59,148				59,148
Income reserves	583,889				583,889
• legal reserves	239,800				239,800
• reserve for treasury shares	10,771				10,771
• other reserves	333,318				333,318
Retained earnings brought forward	14,692				14,692
Net income of the year	41,201				41,201
Total on-balance-sheet liabilities and shareholders’ equity	4,317,827	2,060,853	2,077,378	610,567	9,066,625
Delivery obligations arising from foreign-exchange spot, forward and option transactions	1,972,130	898,426	709,591	278,214	3,858,361
Total liabilities and shareholders’ equity, 31/12/2013	6,289,957	2,959,279	2,786,969	888,781	12,924,986
Total liabilities and shareholders’ equity, 31/12/2012	5,574,493	2,654,390	2,987,774	885,976	12,102,633

Net position per currency	–78,954	29,562	50,438	700

Contingent liabilities

in CHF 1,000 (Art. 24e Par. 1 Point 4.3 FL-BankV)	31/12/2013	31/12/2012	Variance absolute	Variance in %
Contingent liabilities
Credit guarantees and similar	0	0	0	0.0
Performance guarantees and similar	58,011	74,800	–16,789	–22.4
Other contingent liabilities	0	0	0	0.0
Total contingent liabilities	58,011	74,800	–16,789	–22.4

Unsettled derivative financial instruments

in CHF 1,000 (Art. 24e Par. 1 Point 4.3 FL-BankV)	Trading instruments			Hedging instruments
	Positive replacement values	Negative replacement values	Contract volumes	Positive replacement values	Negative replacement values	Contract volumes
Interest-rate instruments
Swaps				964	19,104	327,867
Futures						1,538
Options (OTC)					80	20,000

Foreign exchange / precious metals
Forward contracts	3,192	3,597	334,321
Combined interest-rate /currency swaps	23,967	21,817	3,407,727
Options (OTC)	1,537	1,537	118,058

Equity instruments/indices
Futures						9,159
Options (exchange-traded)		328	9,060

Total prior to consideration of netting agreements, 31/12/2013	28,696	27,279	3,869,166	964	19,183	358,565
Total prior to consideration of netting agreements, 31/12/2012	34,851	35,727	3,141,774	152	30,526	399,012

Financial instruments falling under a netting agreement do not meet the requirements for offsetting for balance-sheet purposes, which is why the carrying values of the related financial instruments are not netted in the balance sheet (Group financial statements – note 38).

Fiduciary transactions

in CHF 1,000 (Art. 24e Par. 1 Point 4.4 FL-BankV)	31/12/2013	31/12/2012	Variance absolute	Variance in %
Fiduciary transactions
Fiduciary deposits	556,964	838,192	–281,228	–33.6
• fiduciary deposits with third-party banks	551,072	826,322	–275,250	–33.3
• fiduciary deposits with affiliated banks and finance companies	5,892	11,870	–5,978	–50.4
Fiduciary loans	1,616	3,003	–1,387	–46.2
Other fiduciary transactions of financial nature	0	0	0	0.0
Total fiduciary transactions	558,580	841,195	–282,615	–33.6

Information regarding the income statement

in CHF 1,000 (Art. 24e Par. 1 Point 5.2 FL-BankV)	2013	2012	Variance absolute	Variance in %
Income from trading activities
Gains from securities	591	–395	986	–249.9
Gains from foreign-exchange derivatives	–5,361	–2,080	–3,281	157.8
Gains from foreign-exchange transactions	16,142	14,311	1,832	12.8
Gains from trading in banknotes	1,450	1,353	97	7.1
Gains from precious metals	596	544	52	9.6
Total income from trading activities	13,418	13,733	–315	–2.3

in CHF 1,000 (Art. 24e Par. 1 Point 5.3 FL-BankV)	2013	2012	Variance absolute	Variance in %
Personnel expenses
Salaries and wages	60,111	56,151	3,960	7.1
Social security costs and staff retirement pensions and assistance costs	11,835	11,124	711	6.4
of which for staff retirement pensions	10,780	9,984	796	8.0
Other personnel expenses	3,672	3,996	–324	–8.1
Total personnel expenses	75,618	71,271	4,347	6.1

Emoluments of members of the Board of Directors 1 ,2	1,344	1,346	–2	–0.1
Compensation of the Executive Board 2 ,3	4,219	3,161	1,058	33.5

Social costs and any applicable value-added taxes on the emoluments paid to Board members are not included.
Compensation for out-of-pocket expenses is not included.
The compensation paid for the current year has been recorded.

in CHF 1,000 (Art. 24e Par. 1 Point 5.4 FL-BankV)	2013	2012	Variance absolute	Variance in %
General and administrative expenses
Occupancy expenses	2,562	3,115	–553	–17.7
Expenses for IT, equipment, furniture, motor vehicles and other installations	9,176	10,744	–1,568	–14.6
Other business expenses	15,326	16,162	–836	–5.2
Total general and administrative expenses	27,064	30,021	–2,957	–9.8

in CHF 1,000 (Art. 24e Par. 2 Point 6e FL-BankV)	2013	2012	Variance absolute	Variance in %
Other ordinary income
Income from real estate	351	248	103	41.3
Other ordinary income 1	5,962	3,622	2,340	64.6
Total other ordinary income	6,313	3,870	2,443	63.1

2013: thereof CHF 2.781 million resulting from service level agreements within the Group, CHF 1.706 million earnings from divestiture of participations.
2012: thereof CHF 2.362 million resulting from the release of provisions for management share equity plans constituted in prior years which were excess to requirements.

Other assets and liabilities

in CHF 1,000 (Art. 24e Par. 2 Point 6 FL-BankV)	31/12/2013	31/12/2012	Variance absolute	Variance in %
Other assets
Precious metals	230	103	127	123.2
Unsettled derivative financial instruments (positive replacement values)	29,660	35,003	–5,343	–15.3
• trading positions	28,696	34,977	–6,281	–18.0
• liquidity positions	964	26	938	n.a.
Compensation accounts	16,232	30,254	–14,022	–46.3
Settlement accounts	621	1,104	–483	–43.8
Miscellaneous other assets	539	525	14	2.7
Total other assets	47,282	66,989	–19,707	–29.4

Other liabilities
Accounts for disbursement of taxes and fees	4,722	5,437	–715	–13.1
Unsettled derivative financial instruments (negative replacement values)	46,462	66,253	–19,791	–29.9
• trading positions	27,278	35,999	–8,721	–24.2
• liquidity positions	19,184	30,254	–11,070	–36.6
Compensation accounts	1,122	26	1,096	n.a.
Settlement accounts	27,672	12,223	15,449	126.4
Miscellaneous other liabilities	840	442	398	90.0
Total other liabilities	80,818	84,381	–3,563	–4.2

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Information regarding balance sheet and income statement