Consolidated income statement

in CHF 1,000

Note

2017

2016

Variance
absolute

Variance
in %

Interest income

 

138,560

125,875

12,685

10.1

Interest expense

 

34,125

23,503

10,622

45.2

Total net interest income

1

104,435

102,372

2,063

2.0

Commission income

 

183,627

172,571

11,056

6.4

Commission expenses

 

59,751

53,782

5,969

11.1

Total net income from commission 
business and services

2

123,876

118,789

5,087

4.3

Income from trading activities

3

50,244

44,496

5,748

12.9

Income from financial instruments

4

19,218

7,646

11,572

151.3

Other income

5

2,329

–71

2,400

n.a.

Total operating income

 

300,102

273,232

26,870

9.8

 

 

 

 

 

 

Personnel expenses

6

134,790

135,329

–539

–0.4

General and administrative expenses

7

57,798

51,675

6,123

11.8

Depreciation of property, equipment and intangible assets

8

23,564

22,411

1,153

5.1

Valuation allowances, provisions and losses

9

13,608

2,768

10,840

391.6

Operating expenses

 

229,760

212,183

17,577

8.3

 

 

 

 

 

 

Earnings before income tax

 

70,342

61,049

9,293

15.2

 

 

 

 

 

 

Taxes on income

10a

4,572

3,063

1,509

49.3

Group net income

 

65,770

57,986

7,784

13.4

 

 

 

 

 

 

 

 

 

 

 

 

Share information

 

 

 

 

 

Undiluted group net income per registered share A

 

10.89

9.61

 

 

Undiluted group net income per registered share B

 

1.09

0.96

 

 

 

 

 

 

 

 

Diluted group net income per registered share A

 

10.89

9.61

 

 

Diluted group net income per registered share B

 

1.09

0.96