Notes 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)	15,869	862,296	238,068	1,116,233
Mortgage loans secured by	3,073,485	18,102	15,149	3,106,736
• residential property	2,046,296	0	0	2,046,296
• office and business premises	136,636	0	0	136,636
• commercial and industrial property	824,783	0	0	824,783
• other	65,770	18,102	15,149	99,021
Total loans, 31.12.2015	3,089,354	880,398	253,217	4,222,969
Total loans, 31.12.2014	2,643,403	508,230	339,991	3,491,624

Off-balance-sheet items
Contingent liabilities	475	33,018	9,162	42,655
Irrevocable facilities granted	4,706	4,210	12,220	21,136
Total off-balance-sheet items, 31.12.2015	5,181	37,228	21,382	63,791
Total off-balance-sheet items, 31.12.2014	3,617	45,265	30,787	79,669

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, 31.12.2015	69,613	37,420	32,193	32,193
Total value-impaired loans, 31.12.2014	66,172	45,899	20,273	20,273

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	31.12.2015	31.12.2014	31.12.2015	31.12.2014	31.12.2015	31.12.2014
Trading portfolios of securities and precious metals
Debt securities	1,742	0	1,747	0	1,742	0
Listed on a stock exchange (traded on a recognised market)	1,742	0	1,747	0	1,742	0
of which own bonds and medium-term notes	1,742	0	1,747	0	1,742	0
Equity shares	13	3,626	13	3,562	13	3,626
of which equity shares in the treasury	13	3,626	13	3,562	13	3,626
Precious metals	155	188	156	186	155	188
Total	1,910	3,814	1,916	3,748	1,910	3,814

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)	33,067	48,845			33,067	48,845
Negative replacement values of derivative financial instruments in trading portfolios (other liabilities)	23,382	12,547			23,382	12,547
Total	56,449	61,392			56,449	61,392

Portfolios of securities and precious metals in current assets (excluding trading portfolios)
Debt securities	1,778,629	1,268,652	1,769,569	1,257,640	1,806,375	1,303,086
Equity shares	121,820	75,005	151,522	116,774	130,250	87,939
of which equity shares in the treasury	49,791	5,865	50,486	17,455	49,791	5,865
Precious metals	0	0	0	0	0	0
Total	1,900,449	1,343,657	1,921,091	1,374,414	1,936,625	1,391,025
of which repo-eligible securities	770,741	865,217	796,314	871,675	789,211	892,361
of which exchange-listed securities	1,760,693	1,256,260	1,755,733	1,260,322	1,789,744	1,295,991

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

in numbers / in CHF 1,000	Number		Carrying value
Art. 24e Par. 1 Point 3.2 FL-BankV	2015	2014	2015	2014
Bearer shares
Balance at the beginning of the year	69,000	97,000	5,865	9,458
Purchase	599,192		49,810
Disposals	–73,418	–28,000	–5,855	–2,587
Valuation allowances			–1,048	–1,006
Appreciation
Balance at the end of the year	594,774	69,000	48,771	5,865

Registered shares
Balance at the beginning of the year	0	0	0	0
Purchase	124,280		1,043
Disposals
Valuation allowances			–24
Appreciation
Balance at the end of the year	124,280	0	1,019	0

Participations and shares in affiliated companies

in CHF 1,000 Art. 24e Par. 1 Point 3.2 FL-BankV			Carrying value 31.12.2015		Carrying value 31.12.2014
Participations
without quoted market value				35		25
Total participations				35		25

Shares in affiliated companies
without quoted market value 1				119,190		120,150
Total shares in affiliated companies				119,190		120,150
1 In 2015, no recoveries in value pursuant to Art. 1090 PGR were recorded (prior year: CHF 0.0 million)

in CHF 1,000	31.12.2015			31.12.2014
Art. 24e Par. 1 Point 3.3 FL-BankV	Currency	Corporate capital	Percentage ownership	Currency	Corporate capital	Percentage ownership
Participations
Data Info Services AG, Vaduz (procurement, trade and exchange of goods and services)	CHF	50	50%	CHF	50	50%

Shares in affiliated companies
VP Fund Solutions (Liechtenstein) AG (fund management company)	CHF	1,000	100%	CHF	1,000	100%
VPB Finanz Holding AG, Zurich 1 (holding company)	CHF	20,000	100%	CHF	20,000	100%
VP Bank (Luxembourg) SA, Luxembourg (bank)	CHF	20,000	100%	CHF	20,000	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	74,000	100%	SGD	67,000	100%
VP Bank (BVI) Ltd, Tortola (bank)	USD	10,000	100%	USD	10,000	100%
1 There is a subordinated loan of CHF 10 million in favour of VPB Finanz Holding AG.
The carrying value of affiliated banks included under shares in affiliated companies amounts to CHF 113.8 million including subordinated loans (previous year: CHF 114.8 million).

Overview of investments
in CHF 1,000	Acqui- sition cost	Cumulative depreciation to date	Carrying value	Financial year 2015				Carrying value
Art. 24e Par. 1 Point 3.4 FL-BankV	Acqui- sition cost	Cumulative depreciation to date	31.12.2014	Investments	Divestments	Depr. and amort- isation	Depr. and amort. on disposal	31.12.2015
Total participations (minority participations)	153	–128	25	10				35
Total shares in affiliated companies	171,386	–51,236	120,150	5,040	–6,000			119,190
Total intangible assets (excluding goodwill)	126,429	–116,663	9,766	7,478	–1,907	–10,264	1,907	6,980
Real estate
• bank premises	199,950	–113,195	86,755	1,438		–5,909		82,284
• other real estate	17,214	–714	16,500		–17,214		714	0
Other property and equipment	28,350	–24,609	3,741	2,437	–293	–2,773	293	3,405
Total property and equipment	245,514	–138,518	106,996	3,875	–17,507	–8,682	1,007	85,689

Fire-insurance values of real estate			172,440					172,880
Fire-insurance values of other property and equipment			27,500					27,700
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							31.12.2015	31.12.2014
Total minimum commitments arising from operating leases							8,855	9,077
Operating expenses as of 31 December 2015 include CHF 1.969 million arising from operating leases (previous year: CHF 2.677 million).

Assets pledged or assigned to secure own or third-party liabilities and assets subject to reservation of title
in CHF 1,000 Art. 24e Par. 1 Point 3.6 FL-BankV	31.12.2015	31.12.2014
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	499,287	470,432
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	210,262	0
Amounts payable arising from cash deposits in connection with securities lending and repurchase transactions	0	0
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	399,728	362,431
of which securities for which an unconditional right has been granted to sell on or repledge	333,459	299,546
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	643,207	354,749
of which securities repledged or sold on	66,269	57,988

Liabilities to own retirement pension plans
in CHF 1,000 Art. 24e Par. 1 Point 3.7 FL-BankV	31.12.2015	31.12.2014
Due to customers	27,255	38,292
Securitised liabilities	150	1,510
Other liabilities	383	3,533
Total liabilities to own retirement pension plans	27,788	43,335

Outstanding debenture issues
in CHF 1,000 Art. 24e Par. 1 Point 3.8 FL-BankV	Interest rate in %	Year of issue	Maturity	Nominal amount 31.12.2015	Nominal amount 31.12.2014
VP Bank debenture issue	0.875	2015	07.10.2024	100,000
VP Bank debenture issue	0.500	2015	07.04.2021	100,000
VP Bank debenture issue	2.500	2010	27.05.2016	151,000	200,000

Valuation allowances / provisions for general banking risks
in CHF 1,000 Art. 24e Par. 1 Point 3.9 FL-BankV	Balance on 01.01.2015	Utilisation in accordance with purpose	Repostings	Recoveries, overdue interest, forex diff.	Releases to income statement	Provisions released to income statement	Balance on 31.12.2015
Valuation allowances for default risks
• individual valuation allowances	20,273	589	1,337	386	16,706	5,919	32,194
• individual valuation allowances made on lump-sum basis
• lump-sum valuation allowances	19,474				2,301	1,485	20,290
• individual valuation allowances made on lump-sum basis for country risks	3,250				2,500		5,750
Provisions for contingent liabilities and credit risks	404				138	267	275
Provisions for other business risks
Provisions for taxes and deferred taxes	700	759	4,135		907		4,983
Other provisions	10,740	11,955	13,340	2	3,544	1,787	13,884
Total valuation allowances and provisions	54,841	13,303	18,812	388	26,096	9,458	77,376
minus: valuation allowances	39,747						52,484
Total provisions as per balance sheet	15,094						24,892
Provisions for general banking risks	63,150						63,150

Company capital

in CHF 1,000	31.12.2015			31.12.2014
Art. 24e Par. 1 Point 3.10 FL-BankV	Total par value	Number	Capital entitled to dividends	Total par value	Number	Capital entitled to dividends
Bearer shares	60,150	6,015,000	60,150	53,144	5,314,347	53,144
Registered shares	6,004	6,004,167	6,004	6,004	6,004,167	6,004
Total company capital	66,154	12,019,167	66,154	59,148	11,318,514	59,148

Significant shareholders and groups of shareholders with interlinking voting rights
in CHF 1,000	31.12.2015			31.12.2014
Art. 24e Par. 1 Point 3.10.1 FL-BankV	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 Fürstl. Kommerzienrat Guido Feger, Vaduz	15,194	23.0	46.6	14,717	24.9	48.4
U.M.M. Hilti-Stiftung, Schaan	6,122	9.3	10.0	6,065	10.3	10.6
Marxer Stiftung für Bank- und Unternehmenswerte, Vaduz	7,560	11.4	6.3	0	0.0	0.0
Ethenea Independent Investors S.A., Luxembourg	6,445	9.7	5.4	8,554	14.5	7.6

Statement of changes in shareholders’ equity
in CHF 1,000 Art. 24e Par. 1 Point 3.11 FL-BankV	2015
Shareholders’ equity at the beginning of the financial year
Subscribed and paid-up capital	59,148
Legal reserves	239,800
Reserve for treasury shares	9,491
Other reserves	334,955
Provisions for general banking risks	63,150
Retained earnings	55,957
Total shareholders’ equity at the beginning of the financial year	762,501


in CHF 1,000 Art. 24e Par. 1 Point 3.11 FL-BankV	2015
Capital increase /reduction (–)	7,007
Agio	48,604
Other appropriations / releases from reserves (–)	–1,330
Dividends and other distributions from net income of the previous year 1	–19,846
Net income/loss for the financial year	41,218
Total shareholders’ equity at the end of the financial year	838,154

of which
Subscribed and paid-up capital	66,154
Capital reserves	47,239
Legal reserves	239,800
Reserve for treasury shares	49,804
Other reserves	294,677
Provisions for general banking risks	63,150
Retained earnings	77,330
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	2,839,016							2,839,016
Due from banks	423,302	94	1,104,320	274,403	4,004	425		1,806,548
Due from customers	7,823	371,301	1,632,596	363,295	1,388,343	459,611		4,222,969
of which mortgage receivables	981	102,831	992,996	234,978	1,315,569	459,381		3,106,736
Trading portfolios of securities and precious metals	1,910							1,910
Portfolios of securities and precious metals in current assets (excluding trading portfolios)	1,900,450							1,900,450
Other assets	229,363		526				82,284	312,173
Total assets, 31.12.2015	5,401,864	371,395	2,737,442	637,698	1,392,347	460,036	82,284	11,083,066
Total assets, 31.12.2014	3,961,163	214,565	2,102,537	1,313,174	1,242,284	378,651	103,255	9,315,629

Liabilities and provisions
Due to banks	1,097,722	108,191	269,262	13,615	5,000			1,493,790
Due to customers	6,818,551	1,034,942	54,994	53,714	102,097			8,064,298
• savings deposits		754,557						754,557
• other liabilities	6,818,551	280,385	54,994	53,714	102,097			7,309,741
Securitised liabilities			8,804	214,762	141,655	205,765		570,986
• issued debentures			8,804	214,762	141,655	205,765		570,986
of which medium-term notes			8,804	63,762	141,655	5,765		219,986
Provisions (excluding provisions for general banking risks)	24,892							24,892
Other liabilities	90,346		600					90,946
Total liabilities, 31.12.2015	8,031,511	1,143,133	333,660	282,091	248,752	205,765		10,244,912
Total liabilities, 31.12.2014	6,454,709	1,297,617	279,547	177,662	324,929	18,664		8,553,128

Debentures and other interest-bearing securities which mature in the following financial year								265,884
Issued debentures which mature in the following financial year								223,566

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	31.12.2015	31.12.2014
Receivables from and payables to participations, affiliated companies and qualifying participants
Receivables from participations	0	0
Payables to participations	220	487
Receivables from affiliated companies	293,628	196,181
Payables to affiliated companies	1,415,508	1,033,224
Receivables from qualifying participants	247	0
Payables to qualifying participants	57,281	23,170

Loans to governing bodies
Members of the Executive Board and parties related thereto 1	1,235	1,435
Members of the Board of Directors and parties related thereto 1 ,2	7,145	4,180
1 Individuals and legal persons who are closely associated with the member of the governing body in either a personal, economic, legal or practical sense. 2 Excluding receivables from related qualifying participants.
VP Bank 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 2015 totalled CHF 0.906 million (prior year: CHF 0.481 million).

Remuneration paid to members of governing bodies

in CHF 1,000

Remuneration1 ,2 ,3

Total remuneration

Art. 663bbis
Swiss Code of Obligations

Fixed

Thereof in bearer shares (market value)

Pension fund, senior
employee insurance

2015

2014

2015

2014

2015

2014

2015

2014

Board of Directors

Fredy Vogt, Chairman A ,D ,F

560

140

645

Dr Guido Meier, Vice Chairman B

115

Prof. Dr Teodoro D. Cocca, BoD B

105

Walo Frischknecht, BoD G

Dr Beat Graf, BoD H

105

Markus Thomas Hilti, BoD B

105

Dr Florian Marxer,BoD I

Michael Riesen, BoD C ,F ,H

169

Dr Daniel H. Sigg, BoD D ,E

118

120

118

120

Total Board of Directors

1,330

1,222

319

306

1,415

1,307

Chairman of the Nomination & Compensation Committee
Member of the Nomination & Compensation Committee
Chairman of the Audit Committee
Member of the Audit Committee
Chairman of the Risk Committee
Member of the Risk Committee
Member of the Board of Directors up to 25 April 2014
Member of the Board of Directors as from 25 April 2014
Member of the Board of Directors as from 24 April 2015

1 Social-security costs and any applicable value-added taxes on the emoluments paid to the Board members are borne by VP Bank.

2 Compensation for out-of-pocket expenses is not included.

3Includingwithholding tax contributions taken over by VP Bank.

3 Including remuneration as representative of the Board of Directors in the pension fund.

in CHF 1,000			Remuneration1								Total
Art. 663bbis Swiss Code of Obligations	Fixed basic salary 2		Short-Term Incentive (STI)		Performance Share Plan (PSP)		Restricted Share Plan (RSP)		Pension fund, senior employee insurance		remuneration
	2015	2014	2015	2014	2015	2014	2015	2014	2015	2014	2015	2014
Executive Management	1,840	1,830	378	475	755	1,078	378	483	338	310	3,690	4,176

Highest remuneration
Alfred W. Moeckli	700	700	175	150	350	450	175	202	138	118	1,538	1,620
1 Compensation for out-of-pocket expenses is not included. 2 Gifts for length of service are included.
The compensation model described in the section on corporate governance, both the fixed basic salary and the cash compensation (STI), and the entitlement to performance and restricted shares are disclosed. The number of bearer shares (entitlement from the performance share plan) as well as the related monetary benefit are fixed definitively only at the end of the respective planning period (or at the time of transferring the bearer shares). As part of the 2015–2017 plan, Group Executive Management received 9,479 performance units (prior year: 12,181) from the PSP and 4,740 restricted units (prior year: 5,457) from the Restricted Share Plan (RSP). The computation of the number of shares transferred upon expiry of the plan period is dependent upon the achievement of the targets (return on equity and cost income ratio). The monetary benefit from the respective PSP and RSP programmes will by definition be determined by the equity share price at the time of transfer of title to the shares. In the 2015 financial year, 8,409 performance shares (prior year: 1,092) with a market value of CHF 678,606.30 on the date of allocation (prior year: CHF 100,955.40) were transferred from the Management Plan 2012–2014 and the RSP 2014–2017.

	Shareholdings in VP Bank								Loans and credits		Related parties 1
	Number of shares (including related parties, excluding qualifying participants)										Loans and credits		Remuneration for services provided
	˙ Registered shares				Bearer shares								Remuneration for services provided
	2015		2014		2015		2014		2015	2014	2015	2014	2015	2014
Board of Directors
Fredy Vogt					19,384		17,675		775	630
Dr Guido Meier	39,750	2	79,600	2	22,554	2	48,688	2	3,100	3,450	3,270	2,835		400
Prof. Dr Teodoro D. Cocca					1,414		1,093						57	5
Walo Frischknecht A					n.a.		n.a.							46
Dr Beat Graf B					443	2	183	2					500
Markus Thomas Hilti					5,700	2	5,379	2
Dr Florian Marxer C					163								345
Michael Riesen B					715		303							15
Dr Daniel H. Sigg					4,230		3,868			100			4	15
Total Board of Directors	39,750		79,600		54,603		77,189		3,875	4,180	3,270	2,835	906	481

Executive Management
Alfred W. Moeckli, CEO					9,011		6,250
Siegbert Näscher, CFO					8,402		1,342		800	1,000
Christoph Mauchle					10,588		10,000		435	435
Total Executive Management	none		none		28,001		17,592		1,235	1,435	none	none	none	none
Member of the Board of Directors up to 25 April 2014 Member of the Board of Directors as from 25 April 2014 Member of the Board of Directors as from 24 April 2015
1Individual or legal entities which are economically, legally or de facto closely related to a member of one of the governing bodies. 2Excluding the number of shares of the significant shareholders (qualifying participants).

Balance sheet – domestic and foreign

in CHF 1,000	31.12.2015		31.12.2014
Art. 24e Par. 1 Point 3.14 FL-BankV	Domestic	Foreign	Domestic	Foreign
Assets
Cash balances	2,839,016		1,813,109
Due from banks	1,079,209	727,339	1,222,339	1,110,179
Due from customers	3,540,169	682,800	3,175,199	316,425
of which mortgage receivables	3,039,308	67,428	2,707,515	4,123
Debentures and other interest-bearing securities	37,740	1,742,631		1,268,652
Equity shares and other non-interest-bearing securities	26,602	45,428	38,253	30,887
Participations	35		25
Shares in affiliated companies	4,600	114,590	10,600	109,550
Intangible assets	6,980		9,766
Property and equipment	85,689		106,996
Treasury shares	49,804		9,491
Other assets	64,959	11,746	69,240	9,061
Accrued receivables and prepaid expenses	12,961	10,768	4,908	10,949
Total assets	7,747,764	3,335,302	6,459,926	2,855,703

Liabilities and shareholders’ equity
Due to banks	765,563	728,227	917,709	351,891
Due to customers	4,772,366	3,291,932	4,488,795	2,303,132
• savings deposits	619,352	135,205	707,574	147,961
• other liabilities	4,153,014	3,156,727	3,781,221	2,155,171
Securitised liabilities	570,986		395,309
Other liabilities	60,369	10,171	58,833	8,889
Accrued liabilities and deferred items	20,149	257	13,389	87
Provisions	24,892		15,094
Provisions for general banking risks	63,150		63,150
Subscribed capital	66,154		59,148
Capital reserves	47,239
Income reserves	584,281		584,246
• legal reserves	239,800		239,800
• reserve for treasury shares	49,804		9,491
• other reserves	294,677		334,955
Retained earnings brought forward	36,112		35,191
Net profit for the year	41,218		20,766
Total liabilities and shareholders’ equity	7,052,479	4,030,587	6,651,630	2,663,999
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	31.12.2015		31.12.2014
Art. 24e Par. 1 Point 3.15 FL-BankV	Absolute	Share in %	Absolute	Share in %
Assets
Liechtenstein/Switzerland	7,747,764	69.9	6,459,926	69.3
Europe (excluding Liechtenstein/Switzerland)	1,904,200	17.1	2,159,687	23.2
North America	604,086	5.5	262,269	2.8
Asia	450,546	4.1	183,333	2.0
Caribbean	273,010	2.5	158,373	1.7
Other	103,460	0.9	92,041	1.0
Total assets	11,083,066	100.0	9,315,629	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	2,832,537	529	5,481	469	2,839,016
Due from banks	95,812	838,423	362,202	510,111	1,806,548
Due from customers	3,350,247	476,574	335,510	60,638	4,222,969
of which mortgage receivables	3,030,094	24,976	45,471	6,195	3,106,736
Debentures and other interest-bearing securities	421,879	786,685	571,807		1,780,371
Equity shares and other non-interest-bearing securities	17,738	20,766	33,526		72,030
Participations	35				35
Shares in affiliated companies	119,190				119,190
Intangible assets	6,980				6,980
Property and equipment	85,689				85,689
Treasury shares	49,804				49,804
Other assets	71,840	2,584	1,692	589	76,705
Accrued receivables and prepaid expenses	14,271	4,629	4,333	496	23,729
Total on-balance-sheet assets	7,066,022	2,130,190	1,314,551	572,303	11,083,066
Delivery claims arising from foreign-exchange spot, forward and option transactions	201,899	2,108,017	1,598,667	572,080	4,480,663
Total assets, 31.12.2015	7,267,921	4,238,207	2,913,218	1,144,383	15,563,729
Total assets, 31.12.2014	6,150,563	2,652,018	2,391,910	748,746	11,943,237

Liabilities and shareholders’ equity
Due to banks	204,775	724,465	329,358	235,192	1,493,790
Due to customers	2,829,287	2,823,326	1,924,702	486,983	8,064,298
• savings deposits	754,168		389		754,557
• other liabilities	2,075,119	2,823,326	1,924,313	486,983	7,309,741
Securitised liabilities	546,464	4,280	20,242		570,986
Other liabilities	65,874	2,196	1,712	758	70,540
Accrued liabilities and deferred items	20,262	91	12	41	20,406
Provisions	24,759			133	24,892
Provisions for general banking risks	63,150				63,150
Subscribed capital	66,154				66,154
Capital reserves	47,239				47,239
Income reserves	584,281				584,281
• legal reserves	239,800				239,800
• reserve for treasury shares	49,804				49,804
• other reserves	294,677				294,677
Retained earnings brought forward	36,112				36,112
Net income of the year	41,218				41,218
Total on-balance-sheet liabilities and shareholders’ equity	4,529,575	3,554,358	2,276,026	723,107	11,083,066
Delivery obligations arising from foreign-exchange spot, forward and option transactions	2,720,054	694,477	638,169	418,567	4,471,267
Total liabilities and shareholders’ equity, 31.12.2015	7,249,629	4,248,835	2,914,195	1,141,674	15,554,333
Total liabilities and shareholders’ equity, 31.12.2014	6,187,344	2,624,481	2,346,431	748,173	11,906,429

Net position per currency	18,292	–10,628	–977	2,709

Contingent liabilities
in CHF 1,000 Art. 24e Par. 1 Point 4.1 FL-BankV	31.12.2015	31.12.2014	Variance absolute	Variance in %
Contingent liabilities
Credit guarantees and similar	16,010	26,213	–10,203	–38.9
Performance guarantees and similar	26,645	26,637	8	0.0
Other contingent liabilities	0	0	0	0.0
Total contingent liabilities	42,655	52,850	–10,195	–19.3

Unsettled derivative financial instruments
in CHF 1,000	Trading instruments			Hedging instruments
Art. 24e Par. 1 Point 4.3 FL-BankV	Positive replacement values	Negative replacement values	Contract volumes	Positive replacement values	Negative replacement values	Contract volumes
Interest-rate instruments
Swaps					26,903	276,774
Futures						60,245
Options (OTC)

Foreign exchange / precious metals
Forward contracts	7,795	10,894	1,086,472
Combined interest-rate /currency swaps	23,448	10,534	3,184,477
Options (OTC)	1,824	1,794	209,714

Equity instruments/indices
Futures						2,918
Options (exchange-traded)		160	7,903

Total prior to consideration of netting agreements, 31.12.2015	33,067	23,382	4,488,566	0	26,903	339,937
Total prior to consideration of netting agreements, 31.12.2014	48,845	12,547	2,644,704	0	31,433	462,996
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).

Fiduciary transactions
in CHF 1,000 Art. 24e Par. 1 Point 4.4 FL-BankV	31.12.2015	31.12.2014	Variance absolute	Variance in %
Fiduciary transactions
Fiduciary deposits	432,851	402,031	30,820	7.7
• fiduciary deposits with third-party banks	431,376	396,995	34,381	8.7
• fiduciary deposits with affiliated banks and finance companies	1,475	5,036	–3,561	–70.7
Fiduciary loans	0	0	0	0.0
Other fiduciary transactions of financial nature	10,874	0	10,874	n.a.
Total fiduciary transactions	443,725	402,031	41,694	10.4

Information regarding the income statement
in CHF 1,000 Art. 24e Par. 1 Point 5.2 FL-BankV	2015	2014	Variance absolute	Variance in %
Income from trading activities
Gains from securities	–1,180	–19	–1,161	n.a.
Gains from foreign-exchange derivatives	–4,872	–4,303	–569	13.2
Gains from foreign-exchange transactions	39,895	21,567	18,327	85.0
Gains from trading in banknotes	375	1,284	–909	–70.7
Gains from precious metals	223	258	–35	–13.4
Total income from trading activities	34,441	18,787	15,654	83.3

in CHF 1,000 Art. 24e Par. 1 Point 5.3 FL-BankV	2015	2014	Variance absolute	Variance in %
Personnel expenses
Salaries and wages	65,142	57,408	7,734	13.5
Social security costs and staff retirement pensions and assistance costs	13,097	14,682	–1,585	–10.8
of which for staff retirement pensions	11,688	13,387	–1,699	–12.7
Other personnel expenses	1,696	2,392	–696	–29.1
Total personnel expenses	79,935	74,482	5,453	7.3
Salaries of members of the Board of Directors and the Executive Board are disclosed under “Remuneration paid to members of governing bodies”


in CHF 1,000 Art. 24e Par. 1 Point 5.4 FL-BankV	2015	2014	Variance absolute	Variance in %
General and administrative expenses
Occupancy expenses	2,839	2,233	606	27.1
Expenses for IT, equipment, furniture, motor vehicles and other installations	14,439	9,112	5,327	58.5
Other business expenses	20,588	15,916	4,672	29.4
Total general and administrative expenses	37,866	27,261	10,605	38.9

in % Art. 24e Par. 1 Point 6 FL-BankV	2015	2014	Variance absolute	Variance in %
Return on equity 1	0.40	0.23	0.17	73.9
1 Net income/average balance sheet total.

in CHF 1,000 Art. 24e Par. 2 Point 6e FL-BankV	2015	2014	Variance absolute	Variance in %
Other ordinary income
Income from real estate	372	335	37	11.1
Other ordinary income 1	20,025	2,767	17,258	n.a.
Total other ordinary income	20,397	3,102	17,295	n.a
1 2015: thereof CHF 3.249 millionresulting from service level agreements within the Group, CHF 16.160 million, from merger gains. 2014: thereof CHF 2.380 million resulting from service level agreements within the Group.

Other assets and liabilities
in CHF 1,000 Art. 24e Par. 2 Point 6a+b FL-BankV	31.12.2015	31.12.2014	Variance absolute	Variance in %
Other assets
Precious metals	155	188	–33	–17.9
Unsettled derivative financial instruments (positive replacement values)	33,067	48,845	–15,778	–32.3
• trading positions	33,067	48,845	–15,778	–32.3
• liquidity positions	0	0	0	0.0
Compensation accounts	26,048	28,150	–2,102	–7.5
Settlement accounts	1,623	316	1,307	414.2
Miscellaneous other assets	15,812	802	15,010	n.a.
Total other assets	76,705	78,301	–1,596	–2.0

Other liabilities
Accounts for disbursement of taxes and fees	5,716	4,467	1,249	27.9
Unsettled derivative financial instruments (negative replacement values)	50,285	43,979	6,306	14.3
• trading positions	23,382	12,547	10,835	86.4
• liquidity positions	26,903	31,432	–4,529	–14.4
Compensation accounts	0	0	0	0.0
Settlement accounts	21,825	18,143	3,682	20.3
Miscellaneous other liabilities	–7,286	1,133	–8,419	n.a.
Total other liabilities	70,540	67,722	2,818	4.2

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Notes regarding balance sheet and income statement

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

Participations and shares in affiliated companies

Company capital

Remuneration paid to members of governing bodies

Balance sheet – domestic and foreign

Assets in individual countries / groups of countries

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