Consolidated income statement
in CHF 1,000 | Note | 2015 | 2014 | Variance | Variance |
Interest income |
| 95,530 | 80,930 | 14,600 | 18.0 |
Interest expense |
| 11,043 | 15,379 | –4,336 | –28.2 |
Total interest income | 1 | 84,487 | 65,551 | 18,936 | 28.9 |
Commission income |
| 180,281 | 174,065 | 6,216 | 3.6 |
Commission expense |
| 53,911 | 55,647 | –1,736 | –3.1 |
Total income from commission business and services | 2 | 126,370 | 118,418 | 7,952 | 6.7 |
Income from trading activities | 3 | 46,062 | 25,363 | 20,699 | 81.6 |
Income from financial instruments | 4 | –742 | 12,493 | –13,235 | –105.9 |
Other income | 5 | 50,377 | 832 | 49,545 | n.a. |
Total net operating income |
| 306,554 | 222,657 | 83,897 | 37.7 |
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Personnel expenses | 6 | 121,880 | 118,499 | 3,381 | 2.9 |
General and administrative expenses | 7 | 60,235 | 46,772 | 13,463 | 28.8 |
Operating expenses |
| 182,115 | 165,271 | 16,844 | 10.2 |
Gross income |
| 124,439 | 57,386 | 67,053 | 116.8 |
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Depreciation and amortisation | 8 | 38,253 | 29,348 | 8,905 | 30.3 |
Valuation allowances, provisions and losses | 9 | 26,028 | 7,416 | 18,612 | 251.0 |
Earnings before income tax |
| 60,158 | 20,622 | 39,536 | 191.7 |
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Taxes on income | 10a | –3,898 | 597 | –4,495 | n.a. |
Group net income |
| 64,056 | 20,025 | 44,031 | 219.9 |
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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 |
| 10.17 | 3.45 |
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Undiluted group net income per registered share |
| 1.02 | 0.34 |
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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 |
| 10.17 | 3.45 |
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Diluted group net income per registered share |
| 1.02 | 0.34 |
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