Consolidated income statement
in CHF 1,000 | Note | 2014 | 2013 | Variance | Variance |
Interest income |
| 80,930 | 103,756 | –22,826 | –22.0 |
Interest expense |
| 15,379 | 16,883 | –1,504 | –8.9 |
Total interest income | 65,551 | 86,873 | –21,322 | –24.5 | |
Commission income |
| 174,065 | 160,648 | 13,417 | 8.4 |
Commission expense |
| 55,647 | 46,537 | 9,110 | 19.6 |
Total income from commission business and services | 118,418 | 114,111 | 4,307 | 3.8 | |
Income from trading activities | 25,363 | 19,511 | 5,852 | 30.0 | |
Income from financial instruments | 12,493 | 16,267 | –3,774 | –23.2 | |
Other income | 832 | 2,633 | –1,801 | –68.4 | |
Total net operating income |
| 222,657 | 239,395 | –16,738 | –7.0 |
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Personnel expenses | 118,499 | 122,006 | –3,507 | –2.9 | |
General and administrative expenses | 46,772 | 45,970 | 802 | 1.7 | |
Operating expenses |
| 165,271 | 167,976 | –2,705 | –1.6 |
Gross income |
| 57,386 | 71,419 | –14,033 | –19.6 |
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Depreciation and amortisation | 29,348 | 27,033 | 2,315 | 8.6 | |
Valuation allowances, provisions and losses | 7,416 | 6,355 | 1,061 | 16.7 | |
Earnings before income tax from continued operations |
| 20,622 | 38,031 | –17,409 | –45.8 |
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Taxes on income | 597 | 2,306 | –1,709 | –74.1 | |
Group net income from continued operations |
| 20,025 | 35,725 | –15,700 | –43.9 |
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Discontinued operations |
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Net income from discontinued operations | 0 | 2,962 | –2,962 | –100.0 | |
Group net income |
| 20,025 | 38,687 | –18,662 | –48.2 |
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Attributable to the shareholders of VP Bank Ltd, Vaduz |
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Group net income from continued operations |
| 20,025 | 35,725 | –15,700 | –43.9 |
Group net income from discontinued operations |
| 0 | 2,394 | –2,394 | –100.0 |
Net income attributable to the shareholders of VP Bank Ltd, Vaduz |
| 20,025 | 38,119 | –18,094 | –47.5 |
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Non-controlling interests |
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Group net income from continued operations |
| 0 | 0 | 0 | n.a. |
Group net income from discontinued operations |
| 0 | 568 | –568 | –100.0 |
Group net income attributable to non-controlling interests |
| 0 | 568 | –568 | –100.0 |
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Undiluted consolidated earnings per share of VP Bank Ltd, Vaduz |
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Undiluted group net income per bearer share |
| 3.45 | 6.58 |
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Undiluted group net income per registered share |
| 0.34 | 0.66 |
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Undiluted group net income from continued operations per bearer share | 3.45 | 6.17 |
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Undiluted group net income from continued operations per registered share | 0.34 | 0.62 |
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Fully diluted consolidated earnings per share of VP Bank Ltd, Vaduz |
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Diluted group net income per bearer share |
| 3.45 | 6.58 |
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Diluted group net income per registered share |
| 0.34 | 0.66 |
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Diluted group net income from continued operations per bearer share | 3.45 | 6.17 |
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Diluted group net income from continued operations per registered share | 0.34 | 0.62 |
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