Consolidated income statement
in CHF 1,000 | Note | 2016 | 2015 | Variance | Variance |
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Interest income |
| 125,875 | 105,332 | 20,543 | 19.5 |
Interest expense |
| 23,503 | 16,966 | 6,537 | 38.5 |
Total net interest income1 | 102,372 | 88,366 | 14,006 | 15.8 | |
Commission income |
| 172,571 | 177,181 | –4,610 | –2.6 |
Commission expenses |
| 53,782 | 50,811 | 2,971 | 5.8 |
Total net income from commission | 118,789 | 126,370 | –7,581 | –6.0 | |
Income from trading activities1 | 44,496 | 42,183 | 2,313 | 5.5 | |
Income from financial instruments | 7,646 | –742 | 8,388 | n.a. | |
Other income | –71 | 50,377 | –50,448 | –100.1 | |
Total operating income |
| 273,232 | 306,554 | –33,322 | –10.9 |
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Personnel expenses | 135,329 | 121,880 | 13,449 | 11.0 | |
General and administrative expenses | 51,675 | 60,235 | –8,560 | –14.2 | |
Depreciation and amortisation | 22,411 | 38,253 | –15,842 | –41.4 | |
Valuation allowances, provisions and losses | 2,768 | 26,028 | –23,260 | –89.4 | |
Operating expenses |
| 212,183 | 246,396 | –34,213 | –13.9 |
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Earnings before income tax |
| 61,049 | 60,158 | 891 | 1.5 |
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Taxes on income | 3,063 | –3,898 | 6,961 | n.a. | |
Group net income |
| 57,986 | 64,056 | –6,070 | –9.5 |
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Share information2 |
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Undiluted group net income per registered share A |
| 9.61 | 10.17 |
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Undiluted group net income per registered share B |
| 0.96 | 1.02 |
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Diluted group net income per registered share A |
| 9.61 | 10.17 |
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Diluted group net income per registered share B |
| 0.96 | 1.02 |
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- Change of accounting principals (note 1 and principals underlying financial statement) and restatement of prior year figures.
- Conversion of bearer shares into registered shares A (note 30).