Income statement
in CHF 1,000 | 2016 | 2015 | Variance | Variance |
|---|---|---|---|---|
Art. 24c FL-BankO |
|
| absolute | in % |
Interest income | 64,348 | 72,649 | –8,301 | –11.4 |
• of which from interest-bearing securities | 20,961 | 20,768 | 193 | 0.9 |
• of which from trading transactions | 25 | –336 | 361 | –107.5 |
Interest expense | 8,904 | 9,389 | –485 | –5.2 |
Net interest income | 55,444 | 63,260 | –7,816 | –12.4 |
Current income from securities | 7,566 | 7,938 | –372 | –4.7 |
• shares and other non-interest-bearing securities | 3,336 | 3,984 | –648 | –16.3 |
• of which from trading transactions | 0 | 0 | 0 | 0.0 |
• participations | 2 | 0 | 2 | n.a. |
• shares in affiliated companies | 4,228 | 3,954 | 274 | 6.9 |
Income from commission business and services | 94,370 | 86,106 | 8,264 | 9.6 |
• commission income from credit business | 450 | 694 | –244 | –35.2 |
• commission income from securities and investment business | 79,694 | 71,788 | 7,906 | 11.0 |
• commission income from other services | 14,226 | 13,624 | 602 | 4.4 |
Commission expense | 16,831 | 13,485 | 3,346 | 24.8 |
Net income from commission business and services | 77,539 | 72,621 | 4,918 | 6.8 |
Income from financial transactions | 61,513 | 29,832 | 31,681 | 106.2 |
• of which from trading transactions | 61,760 | 36,924 | 24,836 | 67.3 |
Other ordinary income | 3,489 | 20,397 | –16,908 | –82.9 |
• income from real estate | 176 | 372 | –196 | –52.8 |
• other ordinary income | 3,313 | 20,025 | –16,712 | –83.5 |
Total net operating income | 205,551 | 194,048 | 11,503 | 5.9 |
|
|
|
|
|
Operating expenses | 122,677 | 117,801 | 4,876 | 4.1 |
• personnel expenses | 89,516 | 79,935 | 9,581 | 12.0 |
• general and administrative expenses | 33,161 | 37,866 | –4,705 | –12.4 |
Gross income | 82,874 | 76,247 | 6,627 | 8.7 |
|
|
|
|
|
Depreciation and amortisation of intangible assets and | 14,035 | 18,946 | –4,911 | –25.9 |
Other ordinary expenses | 1,552 | 2,125 | –573 | –27.0 |
Valuation allowances on receivables and increases in provisions | 5,652 | 22,523 | –16,871 | –74.9 |
Income from release of valuation allowances on receivables and | 10,404 | 9,458 | 946 | 10.0 |
Write-offs on participations, shares in affiliated companies and | 0 | 0 | 0 | 0.0 |
Gains from appreciations on participations, shares in affiliated companies | 0 | 0 | 0 | 0.0 |
Income from normal business operations | 72,039 | 42,111 | 29,928 | 71.1 |
|
|
|
|
|
Extraordinary income | 1 | 1 | 0 | 0.0 |
Extraordinary expenses | 0 | 0 | 0 | 0.0 |
Taxes on income | 4,057 | 885 | 3,172 | 358.6 |
Other taxes if not included in above items | 3 | 9 | –6 | –69.9 |
Net income for the year | 67,980 | 41,218 | 26,762 | 64.9 |
Appropriation of profit
in CHF 1,000 | 2016 | 2015 | Variance | Variance |
|---|---|---|---|---|
Art. 24c FL-BankO |
|
| absolute | in % |
Net income for the year | 67,980 | 41,218 | 26,762 | 64.9 |
Retained earnings brought forward | 50,868 | 36,112 | 14,756 | 40.9 |
Retained earnings | 118,847 | 77,329 | 41,518 | 53.7 |
|
|
|
|
|
Appropriation of profit |
|
|
|
|
Appropriation to other reserves | 0 | 0 | 0 | 0.0 |
Distribution on the basis of company capital | 29,769 | 26,462 | 3,307 | 12.5 |
Other appropriation of profit | 2,000 | 0 | 2,000 | n.a. |
Retained earnings to be carried forward | 87,078 | 50,868 | 36,210 | 71.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Board of Directors proposes that the profit be distributed | ||||
At the disposal of the annual general meeting | 118,847,149.83 |
|
|
|
Distribution of a dividend of | 29,769,375.15 |
|
|
|
Other appropriation of profit | 2,000,000.00 |
|
|
|
Retained earnings to be carried forward | 87,077,774.68 |
|
|
|